|
Report Date : |
17.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
P.T. BUANA
TUNAS SEGARA SUBUR |
|
|
|
|
Registered Office : |
Jalan Perak Timur 512 Block C – 9 Surabaya, 60165 East Java |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
30.10.2008 |
|
|
|
|
Com. Reg. No.: |
No. AHU-08121.AH.01.01.2009 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Trading, Import and Distribution of Garlic, Red Onion, Leek Onion, and Ground Nut |
|
|
|
|
No. of Employees : |
12 persons |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
US$ 86,842 |
|
Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Indonesia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
P.T. BUANA TUNAS SEGARA SUBUR
Head Office
Jalan Perak Timur
512 Block C - 9
Surabaya, 60165
East Java
Indonesia
Phones -
(62-31) 329 22260 (Hunting)
Fax - (62-31) 328 3276
E-mail - lintasbuana.sby@gmail.com
Building Area - 2 storey
Office Space - 100 sq. meters
Region - Commercial
Building
Status - Rent
Branch
Jalan Pangeran Jayakarta No. 68 Block A - 18
Jakarta Pusat, 19730
Indonesia
Phones -
(62-21) 6264733 (Hunting)
Fax - (62-21) 6281215
E-mail - tunasself@yahoo.com
Building Area - 2 storey
Office Space - 120 sq. meters
Region - Commercial
Building
Status - Rent
Date of Incorporation :
30 October 2008
Legal Form :
P.T. (Perseroan
Terbatas) or Limited Liability Company
Company Reg.
No. :
The Ministry of Law and Human Rights
No.
AHU-08121.AH.01.01.2009
Dated 19 March
2009
Company Status
:
Private National
Company
Permit by the
Government Department :
The Department of Finance
NPWP No.
02.817.282.3-613.000
Related
Companies :
a. P.T. LINTAS BUANA UNGGUL (Trading, Import and
Distribution of Agricultural Commodities)
b. P.T. TUNASUTAMA SARIPERKASA (Trading and
Distribution of Agricultural Commodities)
Capital
Structure :
Authorized
Capital : Rp.
3,000,000,000.-
Issued Capital : Rp. 750,000,000.-
Paid up Capital : Rp. 750,000,000.-
Shareholders/Owners
:
a. Mr. Ifan Effendy -
Rp. 675,000,000.-
Address :
Jl. Pangeran Jayakarta 68/A - 18
Mangga Dua
Selatan, Jakarta Pusat
Indonesia
b. Mrs. Rossaria Widhawati Widayat -
Rp. 37,500,000.-
Address : Jl. Ploso 9 No. 1,
RT. 009 RW. 05
Kel. Ploso,
Kec. Tambaksari
Surabaya, East
Java
Indonesia
c. Mr. Chandra Wijaya Muchtar -
Rp. 37,500,000.-
Address : Menteng Raya Panjang RT. 07/014
Kel. Menteng Atas, Kec. Setiabudi
Jakarta Selatan
Indonesia
Lines of
Business :
Trading, Import
and Distribution of Garlic, Red Onion, Leek Onion, and Ground Nut
Production Capacity :
N o n e
Total Investment :
N o n e
Started
Operation :
2009
Brand Name :
Buana Tunas
Segara Subur
Technical
Assistance :
None
Number of
Employee :
12 persons
Marketing Area
:
Local - 100%
Main Customer
:
Traditional
Market
Market
Situation :
Very Competitive
Main
Competitors :
a. ANUGRAH PANGAN
b. P.T. ASIA
AGROMAS ABADI
c. C.V. BUMI DJAJA
d. C.V. PUTRA NUSA
Business Trend
:
Growing
B a n k e r :
P.T. Bank PANIN
Tbk
- Jalan Pangeran Jayakarta
Jakarta Pusat
Indonesia
- Jalan perak Timur 242
Surabaya, East Java
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
Annual Sales
(estimated) :
2009 – Rp. 12.5
billion
2010 – Rp. 13.5
billion
2011 – Rp. 14.2
billion
Net Profit
(estimated) :
2009 – Rp. 625
million
2010 – Rp. 650
million
2011 – Rp. 721
million
Payment Manner
:
Average
Financial
Comments :
Satisfactory
Board of Management :
President Director - Mrs. Rossaria Widhawati Widayat
Director -
Mr. Chandra Wijaya Muchtar
Board of Commissioners :
Commissioner -
Mr. Ifan Efendy
Signatories :
President Director (Mrs.
Rossaria Widhawati Widayat) or the Director (Mr. Chandra Wijaya Muchtar) which
must be approved by Board of Commissioner
Management Capability :
G o o d
Business Morality :
Satisfactory
Credit Risk :
Average
Credit Recommendation :
Credit should be proceeded with monitor
Proposed
Credit Limit :
Small amount –
periodical review
Maximum Credit Limit :
US$ 86,842 on 90
days D/A
P.T. BUANA TUNAS
SEGARA SUBUR (P.T. BTSS) was incorporated in Surabaya, East Java on October 30,
2008 with the authorized capital of Rp. 3,000,000,000 issued capital of Rp.
750,000,000 entirely paid up. The founding shareholders of the company are Mr.
Ifan Effendi, Mrs. Rossaria Widhawati Widayat and Mr. Chandra Wijaya Muchtar.
They are Indonesian businessmen of Chinese descent. Based on our knowledge up
to writing the report the company notary documents of the company have not
undergone any changes. The company notary deed was made by Mr. Nelson Eddy
Tampubolon, SH., a public notary in Surabaya and was approved by the Ministry
of Law and Human Rights in its decision letter No. AHU-08121.AH.01.01.TH.2009
dated March 19, 2009.
We observe that
the majority share is controlled by Mr. Ifan Effendi. He is also business
stakes owner of P.T. LINTAS BUANA UNGGUL and P.T. TUNASUTAMA SARIPERKASA both
are engaged in the field of trading, import and distribution of agricultural
commodities products.
P.T. BTSS has
been operating since 2009 to deal with trading, export import and distribution
of agricultural commodities products. Mrs. Rossaria Widhawati Widayat,
President Director of P.T. BTSS disclosed the merchandising goods products
including are garlic, ground nuts and red onion. She also added the
agricultural commodities products like garlic is imported from China, ground
nuts from India. Besides, the other products likes red onion is obtained from
Brebes (Central Java) and East Java and exported to Singapore. Mrs. Rossaria
added the company has exported spices to China, Thailand, Vietnam and Myanmar
and it’s depends of the order bases from the customers and buyers. Then, the
whole product likes garlic and groundnut marketed locally through traditional market
in Jakarta, East Java and Sumatra. We observed that P.T. BTSS’s operation has
been growing and developing well in the last two years.
We have noticed that the
demand for agricultural products had increased some 10% to 11% per annum in the
last five years in line with the growth of industrial manufacturing in the
country and international market. In the coming years, the growth rate of
demand is estimated at about 6% to 7% per annum. The present market situation
for agricultural products is very competitive for a large number of similar
companies operating in the country. Meanwhile, competition is quite heavy in
the export import of agricultural products with many companies now doing
business in this field in Indonesia. We consider P.T. BTSS to be in a quite
favorable position for having already got hold of a steady clientele in the
Jakarta, Java and Sumatra.
P.T. BTSS has
not been registered with Indonesian Stock Exchange, so that they shall not
obliged to announce their financial statement. We observed that total sales
turnover of the company in 2009 amounted to Rp. 12.5 billion rose to Rp. 13.5
billion in 2010 to Rp. 14.2 billion and projected to go on rising by at least
4% in 2012. The operation in 2011 yielded an estimated net profit of at least
Rp. 721 million and the company has an estimated total net worth of at least
Rp. 3.0 billion. So far, we did not heard that the company having been black
listed by the Central Bank (Bank Indonesia). The company usually pays its debts
punctually to suppliers.
The management of P.T. BTSS
is led by Mrs. Rossaria Widhawati Widayat (37) a businesswoman and professional
manager with experience in trading, import and distribution of agriculture
commodities products. Daily operation he is assisted by Mr. Chandra Wijaya
Muchtar (26) as a director. The management is handled by experienced staff in
this business, having maintained a wide business relation with private
businessmen at home and abroad as well as with government sectors. So far, we
did not hear that the company’s management involved in a dirty business
practice or detrimental cases that settled in the country. The company’s
litigation record is clean and it has not registered with the black list of
Bank of Indonesia. P.T. BUANA TUNAS SEGARA SUBUR is sufficiently fairly good
for business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.66 |
|
|
1 |
Rs.81.79 |
|
Euro |
1 |
Rs.67.18 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.