MIRA
INFORM REPORT
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Report Date : |
08.02.2012 |
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Tel. No.: |
0062 21 5830 1198 |
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Fax No.: |
0062 21 5830 1197 |
IDENTIFICATION DETAILS
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Name : |
P.T. JAYA KREASI INDONESIA |
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Registered Office : |
Ruko Kencana Niaga 2, Blok J1 No. 3S, Puri
Kembangan, Jakarta Barat 11620 |
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Country : |
Indonesia |
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Date of Incorporation : |
12.10.2000 |
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Com. Reg. No.: |
No. AHU-70378.AH.01.02.Tahun 2008 |
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Legal Form : |
P.T. (Perseroan
Terbatas) or Limited Liability Company |
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Line of Business : |
Trading, Import and Distribution of
Automotive Window Film |
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No. of Employees : |
60 persons |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 850,000 |
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Status : |
Good |
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Payment Behaviour : |
No complaints |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Indonesia |
B1 |
B1 |
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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 |
Name of Company
P.T. JAYA KREASI INDONESIA
Company Address
Head Office
Ruko Kencana Niaga 2, Blok J1 No. 3S
Puri Kembangan,
Jakarta Barat 11620
Indonesia
Phones -
(62-21) 5830 1198 (hunting)
Fax - (62-21) 5830 1197
H.P. - (62-0811)
9885550 (Mr. Fendi Yanto)
Email - jkind@centrin.net.id
Building Area - 3 storey
Office Space - 240 sq. meters
Region - Commercial
Status - Owned
Warehouse
Komplek Techno 8
Kav. 50-52
Taman Alam Sutera
Serpong – Tangerang
Banten Province
Indonesia
Email -
jkind2centrin.net.id
Building Area - 2 storey
Office Space - 1,200 sq.
meters
Region - Commercial
Status - Rent
Date of Incorporation :
12 October 2000
Legal Form :
P.T. (Perseroan
Terbatas) or Limited Liability Company
Company Reg.
No. :
The Ministry of Law and Human Rights
a. No.
C-13250.HT.01.01.TH.2001
Dated 18 October 2001
b. No. AHU-70378.AH.01.02.Tahun 2008
Dated 06 October 2008
Company Status
:
National Private
Company
Permit by the
Government Department :
The Department of Finance
NPWP No.
2.025.401.7-035
Affiliated/Associated
Company :
Not available
CAPITAL AND OWNERSHIP
Capital
Structure :
Authorized
Capital - Rp.
800,000,000.-
Issued Capital - Rp.
400,000,000.-
Paid up Capital - Rp.
400,000,000.-
Shareholders/Owners
:
a. Mr.
Fendiyanto Rikijanto - Rp.
200,000,000.- (50%)
Address: Jl. Latumenten I/VII/3
Kel. Jelambar, Kec. Grogol Petamburan
Jakarta Barat
b. Mrs. Lasmina
Umar - Rp.
200,000,000.- (50%)
Address: Jl. Latumenten I/VII/3
Kel. Jelambar,
Kec. Grogol Petamburan
Jakarta Barat
BUSINESS ACTIVITIES
Lines of
Business :
Trading, Import and Distribution of
Automotive Window Film
Production
Capacity :
None
Total
Investment :
None
Started
Operation :
2000
Brand Name :
CPFone
Technical
Assistance :
None
Number of
Employee :
60 persons
Marketing Area
:
Local -
100%
Main Customers
:
a. PT. Astra
Internasional Tbk
b. Office
Building Management
c. Etc.
Market Situation :
Very Competitive
Main
Competitors :
a. PT. V-Kool
Indonesia (V-Kool)
b. PT. SolarGard Indonesia (SolarGard)
c. PT. Sentra Proteksindo Makmur (Secure Stik)
d. PT. Prasindo Bakti Investama (Inovata)
e. PT. 3M Auto Film Indonesia (3M Auto Film)
f. Etc.
Business Trend :
Growing
BANKER, AUDITOR & LITIGATION
B a n k e r s :
a. P.T. Bank CENTRAL ASIA Tbk
Puri Kembangan Branch
Jl.
Raya Kembangan No. 3A
Jakarta
Barat
Indonesia
b. P.T. Bank NEGARA INDONESIA Tbk
Puri
Indah Branch
Jl.
Puri Indah Raya Blok A1 No. 10
Jakarta
Barat
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
FINANCIAL FIGURE
Total Sales/income (estimated) :
2009 – Rp. 50.4 billion
2010 – Rp. 56.0 billion
2011 – Rp. 62.5 billion
Net Profit
(estimated) :
2009 – Rp. 2.9 billion
2010 – Rp. 3.3 billion
2011 – Rp. 3.7 billion
Payment Manner :
Average
Financial Comments :
Satisfactory
KEY EXECUTIVES
Board of Management :
President Director - Mr. Ferdiyanto Rikijanto AKA Ferdi Yanto
Director - Mrs. Djong Ai Tjen
Board of Commissioner :
Commissioner - Mrs. Lasmina Umar
Signatories :
President Director (Mr. Ferdiyanto
Rikijanto) or Director (Mrs. Djong Ai Tjen) which must be approved by Board of
Commissioner (Mrs. Lasmina Umar)
CAPABILITIES
Management Capability :
G o o d
Business Morality :
G o o d
Credit Risk :
Below average
Credit Recommendation :
Credit can be proceeded normally
Proposed Credit Limit :
Moderate amount
Maximum Credit Limit :
US$ 850,000 on 90 days D/A
OVERALL PERFORMANCE
P.T. JAYA KREASI INDONESIA (P.T. JKI) was
established in Jakarta on October 12, 2000 with the authorized capital of Rp.
200,000,000.- of which Rp. 100,000,000.- was issued and fully paid up. The
founding shareholders of the company are Mr. Eddijanto Harlijanto (50%), his
wife Mrs. Hiliana (25%) and his son Mr. Deosnisius Harlijanto (25%), they are
Indonesian business persons of Chinese extraction. The Company’s Articles of Association was
made by Siti Pertiwi Henny Singgih, SH., a public notary in Jakarta based on
notary deed No. 18 and it was approved by the Ministry of Law and Human Rights
in its decision letter No.C-13250.HT.01.01.TH.2001 dated October 18, 2001. The company's notarial act has frequently
been amended. On August 6, 2008 the
authorized capital was raised to Rp 800,000,000.- of which Rp.400,000,000.- was
issued and fully paid up. Since the
time, the shareholders of the company are Mr. Fendiyanto Rikijanto AKA Fendi
Yanto (50%) and Mrs. Lasmina Umar (50%), both are Indonesian business persons
of Chinese extraction. Mr. Fendi Yanto
is a son of Mr. Eddijanto Harlijanto. The amendment to Articles of Association was
made by Siti Pertiwi Henny Singgih, SH., a public notary in Jakarta based on
notary deed No. 11 and it was approved by the Ministry of Law and Human Rights
in its decision letter No. AHU-70378.AH.01.02.Tahun 2008 dated October 6, 2008. No changes have been effected in term of its
shareholding composition and capital structures to date.
P.T. JKI started operation since 200 in trading, supply and distribution
of Automotive Window Film with various type such as Clear 65, VIP, Infinity 40,
Infinity 60, Black 60 and Black 80. The company is appointed as sole
distributor of CP Films Inc., of the USA for Indonesia. The company has a number of
dealers in Jakarta and outside of Jakarta such as Bandung, Cirebon, Semarnag,
Surabay, Jogyakarta, Palembang, Medan, Makassar and Manado. Since 2002, P.T. JKI is also
believed to be the vendor PT. Astra International, for the supply and
installation of window film production vehicles (Toyota, Daihatsu and
Isuzu). Mr. Dedy Lim, marketing manager
of PT. JKI explained that in addition be used to coat the glass on the car,
CPFone also used for glass office buildings.
We observed that
P.T. JKI is classified as a medium sized company of its kind in the country of
which the operation has been growing in the last three years.
Generally, the demand for automotive Window Film in the country had
significantly rising by 10% to 12% per year in the last five years, in line
with the growth of automotive industries in the country. According to the Indonesia Car Manufacturers
Association (GAIKINDO) explained that the total of car sales in 2006 amounted
to 318,904 units increased to 433,341 units in 2007 and rose again to 603,774
in 2008. But the total of car sales in 2009
dropped to 483,548 units rose to 764,710 units in 2010 and rose again to
893,420 units in 2011. But, the
competition is very tight on account many similar companies operating in the
country. P.T. JKI's business position is
still quite good for it has experience enough in the above business.
Until this time P.T. JKI 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. 50.4 billion increased to Rp.
56.0 billion in 2010 rose again to Rp.
62.5 billion in 2011 and projected it will be increase by at least 10% in
2012. The operation in 2011 yielded an
estimated net profit of Rp. 3.7 billion and the company has an estimated total
networth of at least Rp. 20.0 million.
So far, we did not heard that the company having been black listed by
the Central Bank (Bank Indonesia).
The company's management is headed by Mr. Ferdiyanto Rikijanto AKA Ferdi
Yanto (34) as president director, a young businessman with more than 12 years
experience in trading, supplier and distribution of Automotive Window
Film. In daily activities, he is
assisted by Mrs. Djong Ai Tjen (34) as director. The management is evaluated quite creative
and dynamic. The management is quite capable of further developing business in
the future. They have close relations with many high-ranking government
officials as well as with private businessmen within and outside the country.
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.
We are confident that P.T. JAYA KREASI INDONESIA is quite feasible for
normal business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.91 |
|
|
1 |
Rs.77.30 |
|
Euro |
1 |
Rs.64.11 |
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 |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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.