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Report Date : |
03.12.2012 |
IDENTIFICATION DETAILS
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Name : |
P.T. GUNA EKA MAKMUR |
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Registered Office : |
Komplek Sunter Garden Block B-9 Kav. No. 5-C
Kelurahan Sunter Agung, Kecamatan Tanjung Priok Jakarta Utara, 14350 |
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Country : |
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Date of Incorporation : |
08.12.2006 |
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Com. Reg. No.: |
W7-03673.HT.01.01.TH.2007 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
General Trading, Export Import, Distribution Wholesale of Agricultural
Aommodities, |
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No. of Employees : |
Not Available |
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RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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Indonesia |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Indonesia - ECONOMIC OVERVIEW
Indonesia, a vast polyglot nation, grew an estimated 6.1% and 6.4% in 2010 and 2011, respectively. The government made economic advances under the first administration of President YUDHOYONO (2004-09), introducing significant reforms in the financial sector, including tax and customs reforms, the use of Treasury bills, and capital market development and supervision. During the global financial crisis, Indonesia outperformed its regional neighbors and joined China and India as the only G20 members posting growth in 2009. The government has promoted fiscally conservative policies, resulting in a debt-to-GDP ratio of less than 25%, a small current account surplus, a fiscal deficit below 2%, and historically low rates of inflation. Fitch and Moody's upgraded Indonesia's credit rating to investment grade in December 2011. Indonesia still struggles with poverty and unemployment, inadequate infrastructure, corruption, a complex regulatory environment, and unequal resource distribution among regions. The government in 2012 faces the ongoing challenge of improving Indonesia's insufficient infrastructure to remove impediments to economic growth, labor unrest over wages, and reducing its fuel subsidy program in the face of rising oil prices.
Source
: CIA
P.T. GUNA EKA
MAKMUR
c/o P.T. GUNA EKA MAKMUR
Komplek Sunter Garden Block B-9 Kav. No. 5-C
Kelurahan Sunter Agung, Kecamatan Tanjung Priok
Jakarta Utara, 14350
Indonesia
Phone - (62-21) 6583 4946
Fax -
(62-21) 6583 7062
Building Area - 1 storey
Office Space - 80 sq. meters
Region - Commercial
Status - Rent
Date of
Incorporation :
8 December 2006
Legal Form :
P.T. (Perseroan Terbatas) or Limited Liability Company
Company Reg. No. :
The Ministry of Law and Human Rights
No. W7-03673.HT.01.01.TH.2007
Dated 5 April 2007
Company Status :
National Private Company
Permit by the Government Department :
The Department of Finance
NPWP No. 02.590.155.4-042.000
The Department of Industry and Trade
TDP No. 0901.1.51.23491
Dated 30 April 2007
Related Company :
None
Capital Structure :
Authorized Capital : Rp.
400,000,000.-
Issued Capital : Rp.
210,000,000.-
Paid up Capital : Rp. 210,000,000.-
Shareholders/Owners :
a. Mr. Kho, Cteddy Robert -
Rp. 168,000,000.-
Address : Sunter Hijau VII Block P 4/18, RT. 013 RW. 010
Kelurahan Sunter Jaya,
Kecamatan Tanjung
Priok, Jakarta Utara
Indonesia
b. Mr. Masnurhady -
Rp. 42,000,000.-
Address : Jl. Sunter Muara, RT. 017 RW. 005
Kelurahan Sunter Agung,
Kecamatan Tanjung
Priok, Jakarta Utara
Indonesia
Lines of Business :
General Trading, Export Import, Distribution, Wholesale
Production Capacity :
None
Total Investment :
None
Started Operation :
Unknown
Technical Assistance :
None
Number of Employee :
None
Marketing Area :
Local - 100%
Main Customer :
Unknown
Market Situation :
Unknown
Main Competitor :
None
Business Trend :
No comment
Banker :
Unknown
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
Annual Sales (estimated) :
Unknown
Net Profit (Loss) :
Unknown
Payment Manner :
Unknown
Financial Comments :
Weak
Board of Management :
Director - Mr. Masnurhady
Board of Commissioner :
Commissioner - Mr. Khoe, Cteddy Robert
Signatories :
Director (Mr.
Masnurhady) which must be approved by Board of Commissioner
Management Capability :
Weak
Business Morality :
Prudent
Credit Risk :
Very High
Credit Recommendation :
Not qualified for credit assessment
Proposed Credit
Limit :
Deposit or Advance Payments
The correct name of the Subject is P.T. GUNA EKA MAKMUR not P.T. GUNA
EKA MAKMAR as stated in your order ref. no. 201404 dated 22 November 2012.
Based on investigation to the above address, Komplek Sunter Garden Block
B-9 Kav. No. 5-C, Sunter Agung, Tanjung Priok, North Jakarta the Subject and
telephone number was not found. However, according information from Telkom
Information Jakarta the address registered on P.T. P.T. GUNA EKA MAKMUR.
However after we contacted frequently the telephone was error un able to
contacted.
Pursuant to company notary deed, P.T. GUNA EKA MAKMUR (P.T. GEM) was
incorporated in North Jakarta based on notary document of Mrs. Wiwiek
Widjajanti, SH., No. 03 dated 8 December 2008 with the authorized capital of
Rp. 400,000,000 issued capital of Rp. 210,000,000 fully and paid up. The
founding and shareholders of the company are Mr. Kho Cteddy Robert (80%) and
Mr. Masnurhady (20%) both are Indonesian businessmen of Chinese extraction.
Based on our knowledge up to writing the report the notary documents of the
company have not undergone any changes. The company notary deed was approved by
the Ministry of Law and Human Rights in its decision letter No.
W7-03673.HT.01.01.TH.2007 dated April 5, 2007.
Pursuant to the deed of notary of the company, P.T. GUNA EKA MANDIRI
dealing with general trading, export import of agricultural commodities,
industry, general contracting, trading and supplies, plantation, hatchery, land
clearing, garment and textile industry, freight forwarding services, custom
clearance, logistic services, custom brokerage services, trading and
distribution, export import services, industry, manufacturing, general trading
such as trading of technical, electrical, mechanical goods, and building
material, and acting as supplier, distributor, wholesaler and agent of the
companies both inside or outside the country. However according information
from Department of Industry and Trade, P.T. GEM applied licensing permit to the
Department and planned to be engaged in trading and importing.
We didn’t know the complete line of business of P.T. GEM due to the
complete address of the company was not found.
We refrain from informing business prospect of P.T. GUNA EKA MAKMUR
because of having yet found the complete address up to present. In view of
having yet to be unknown the complete address, the company’s financial
condition is as much as the company’s issued capital worth Rp. 210,000,000. We
find that the company’s financial condition still depends on the financial
condition of its shareholders being supported by the businessmen behind it.
Based to the company notary deed, the management of P.T. GEM is led by
Mr. Masnurhady (29) as Director, and Mr. Kho Cteddy Robert (55) as
Commissioner. The management will eventually be handled by professional
managers having wide relation with overseas and national private businessmen as
well as with the government sectors. In view of P.T. GUNA EKA MAKMUR having yet
to be unknown the complete address, we recommend that a high degree of prudence
be observed in business transactions and adequate collateral from its
shareholders be acquired in extending a new loan to the company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.52 |
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|
1 |
Rs.87.48 |
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Euro |
1 |
Rs.70.89 |
INFORMATION DETAILS
|
Report
Prepared by : |
SHG |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.