MIRA INFORM REPORT

 

 

Report Date :           

01.02.2012

 

IDENTIFICATION DETAILS

 

Name :

P.T. MITRATAMA GLOBALINDO

 

 

Registered Office :

c/o Poris Paradise Block B-1 No. 8, Poris Gaga, Batu Ceper, Tangerang 15148, Banten Province

 

 

Country :

Indonesia

 

 

Year of Establishment :

2005

 

 

Com. Reg. No.:

No. AHU-44044.AH.01.02.Tahun 2009

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

General Trading and Supplies

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

Payment Behaviour :

Unknown

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Indonesia

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Name of Company

 

P.T. MITRATAMA GLOBALINDO

 

 

company Address

 

Head Office

c/o Poris Paradise Block B-1 No. 8

Poris Gaga, Batu Ceper

Tangerang 15148

Banten Province

Indonesia

Phone               - Unknown

Region              - Industrial Zone

 

 

Date of Incorporation

 

2005

 

 

Legal Form

 

P.T. (Perseroan Terbatas) or Limited Liability Company

 

 

Company Reg.No.

 

The Ministry of Law and Human Rights

No. AHU-44044.AH.01.02.Tahun 2009

Dated 07 September 2009

 

 

Company Status

 

Private National Company

 

 

Permit by the Government Department

 

The Department of Finance  

NPWP No. 02.673.068.9-402.000

 

 

Related Company

 

None

 

 

CAPITAL AND OWNERSHIP

 

Capital Structure :

Authorized Capital                             - Rp. 4,000,000,000.-

Issued Capital                                   - Rp. 4,000,000,000.-

Paid up Capital                                  - Rp. 4,000,000,000.-

 

Shareholders/Owners :

a. Mr. Fandi Arifin                                            - Rp. 3,600,000,000.-

   Address : Taman Wisma Asri D20/46

                   Bekasi Utara

                   West Java, Indonesia

b. Mr. Rapli Sukmono                                      - Rp.    400,000,000.-

   Address : Kp. Rawa Bugel RT. 002/003

                   Margamulya, Bekasi Utara

                   West Java

                   Indonesia

 

 

BUSINESS ACTIVITIES

                             

Lines of Business:                         

General Trading and Supplies

 

Production Capacity :

None

 

Total Investment :                         

None

 

Started Operation :

2005 but now the address is unknown

 

Brand Name :                               

None

 

Technical Assistance :                  

None

 

Number of Employee :

None                                              

 

Marketing Area :                           

Local    - 100%

 

Main Customer :

Unknown

 

Market Situation :                         

Unknown

 

Main Competitors :                       

Unknown

 

Business Trend :

No comment

 

 

BANKER, AUDITOR & LITIGATION

 

Bankers :                                      

Unknown

 

Auditor :

Internal Auditor

 

Litigation :                                    

No litigation record in our database

 

 

FINANCIAL FIGURE

 

Annual Sales (estimated) :            

Unknown

 

Net Profit (Loss) :                          

Unknown

           

Payment Manner :                        

Unknown

 

Financial Comments :

Weak

 

KEY EXECUTIVES

 

Board of Management :                

Director                                           - Mr. Rapli Sukmono

 

Board of Commissioner :              

President Commissioner                   - Mr. Fandi Arifin

Commissioner                                 - Mr. Batasfi Pontas Gultom

 

Signatories :                                 

Director (Mr. Fandi Arifin) which must be approved by Board of Commissioners (Mr. Fandi
Arifin and Mr. Batasfi Pontas Gultom)

 

 

CAPABILITIES

 

Management Capability :             

Weak

 

Business Morality :                        

Prudent

 

Credit Risk :

Very High

 

Credit Recommendation :             

Not qualified for credit assessment

 

Proposed Credit Limit :

Deposit or Advance Payments

 

Maximum Credit Limit :

No comment

 

 

OVERALL PERFORMANCE

 

Based to our investigation to the above address Poris Paradise Block B-1 No. 8, Poris Gaga, Batu Ceper, Tangerang, Banten Province, through P.T. TELKOM in Jakarta and Tangerang, explained that the above addressed or P.T. MITRATAMA GLOBALINDO has yet not registered on the P.T. TELKOM information and Indonesian Standard Book Directory.

 

Based to the company notary deed, P.T. MITRATAMA GLOBALINDO (P.T. MG) was established in Tangerang, Banten Province in 2005 with the authorized capital of Rp. 4,000,000,000 entirely issued and paid up. The founding shareholders of the company are Mr. Fandi Arifin and Mr. Rapli Sukmono, both are Indonesian businessmen of Chinese origins.  The amendment to notary deed was made by Haji Dana Sasmita, SH., a notary public in Tangerang and it was approved by the Minister of Law and Human Rights of the Republic of Indonesia by virtue of Decision Letter No. AHU-44044.AH.01.02.Tahun 2009 dated September 7, 2009.  No changes have been effected in term of its shareholding composition and capital structures to date.

 

Pursuant to the deed of notary of the company, PT. MG dealing with trading and exporter of agricultural commodities, 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 (source Notary Deed of P.T. MG).  We didn’t know the complete line of business of P.T. MG due to the complete address of the company was not found. 

 

We refrain from informing business prospect of P.T. MG because of having yet know 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. 4,000,000,000. 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. MG is led by Mr. Rapli Sukmono (44) as director, Mr. Fandi Arifin (42) as president commissioner and Mr. Batasfi Pontas Gultom (64) 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. MITRATAMA GLOBALINDO having yet to be unknown the complete address, we recommend that a high degree of prudence be observed in business transactions and an 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.49.68

UK Pound

1

Rs.78.17

Euro

1

Rs.65.52

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.