MIRA
INFORM REPORT
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Report Date : |
14.01.2012 |
IDENTIFICATION DETAILS
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Name : |
P.T. RORAN INTI MANUNGGAL |
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Registered Office : |
Jalan Bisma Raya
Block A No. 5-6, Papango, Tanjung Priok, Jakarta Utara,14340 |
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Country : |
Indonesia |
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Date of Incorporation : |
16.10.2000 |
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Com. Reg. No.: |
No.
C-08801.HT.01.01.TH.2001 |
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Legal Form : |
P.T. (Perseroan
Terbatas) or Limited Liability Company |
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Line of Business : |
Trading,
Import, Supply and Distribution of Fresh Fruits |
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No. of Employees : |
32 |
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$ 425,000 |
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Status : |
Satisfactory |
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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) |
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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 |
BASIC SEARCH
Name of
Company:
P.T. RORAN
KARYA PERSADA
Company address
Head Office
Jalan Bisma Raya
Block A No. 5-6
Papango, Tanjung
Priok
Jakarta Utara,
14340
Indonesia
Phones -
(62-21) 6503875, 6503878
Fax - (62-21) 6503057
Building Area - 2 storey
Office Space - 120 sq. meters
Region - Commercial
Building
Status - Rent
Date of Incorporation :
16 October 2000
Legal Form :
P.T. (Perseroan Terbatas)
or Limited Liability Company
Company Reg.
No. :
The Ministry of Law and Human Rights
No.
C-08801.HT.01.01.TH.2001
Dated 20
September 2001
Company Status
:
Private National
Company
Permit by the
Government Department :
The Department of Finance
NPWP No.
02.005.769.1-025.000
Related
Company :
P.T. LINGGARORAN
COLD STORAGE (Fresh Fruits and Cold Storage Warehouse Management)
CAPITAL AND OWNERSHIP
Capital
Structure :
Authorized
Capital : Rp.
20,000,000,000.-
Issued Capital : Rp. 5,000,000,000.-
Paid up Capital : Rp. 5,000,000,000.-
Shareholders/Owners
:
a. Mr. Irwan Haliman -
Rp. 4,750,000,000.-
Address :
Jl. Petojo Sabangan II/10, RT. 003
RW. 004, Kel. Petojo Selatan, Kec.
Gambir,
Jakarta Pusat
Indonesia
b. Mr. Awi Haliman -
Rp. 250,000,000.-
Address : Jl. Kamboja No. 55,
RT. 004 RW. 002
Kel. Jati Pulo, Kec. Palmerah,
Jakarta
Barat
Indonesia
BUSINESS ACTIVITIES
Lines of
Business :
Trading, Import,
Supply and Distribution of Fresh Fruits
Production
Capacity :
None
Total
Investment :
None
Started
Operation :
November 2000
Brand Name :
Roran Inti
Manunggal (Roran Fresh Fruits)
Technical
Assistance :
None
Number of
Employee :
32 persons
Marketing Area
:
Local - 100%
Main Customer
:
Supermarket,
Traditional Markets and Fresh Shops
Market
Situation :
Very Competitive
Main
Competitors :
a. P.T. INTI
SEHAT SENTOSA
b. P.T. LARIS MANINS UTAMA
c. P.T. MULTI FLSHINDO KARISMA
d. P.T. SUNTER BUAH SEGAR
e. Etc.
Business Trend
:
Growing
BANKER, AUDITOR & LITIGATION
B a n k e r s :
a. P.T. Bank
MANDIRI Tbk
Jalan Enggano No. 42
Tanjung Priok
Jakarta Utara
Indonesia
b. P.T. Bank CENTRAL ASIA Tbk
Jalan Enggano No. 22-23
Tanjung
Priok
Jakarta
Utara
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
FINANCIAL FIGURE
Annual Sales
(estimated) :
2009 – Rp. 28.0
billion
2010 – Rp. 30.0
billion
2011 – Rp. 32.3
billion
Net Profit
(estimated) :
2009 – Rp. 2.2
billion
2010 – Rp. 2.4
billion
2011 – Rp. 2.7
billion
Payment Manner
:
Average
Financial
Comments :
Satisfactory
KEY EXECUTIVES
Board of Management :
Director - Mr. Awi Haliman
Board of Commissioners :
Commissioner -
Mr. Irwan Haliman
Signatories :
Director (Mr. Alwi
Haliman) which must be approved by Board of Commissioner
CAPABILITIES
Management Capability :
Good
Business Morality :
Good
Credit Risk :
Average
Credit Recommendation :
Credit should be proceeded with monitor
Proposed
Credit Limit :
Small amount –
periodical review
Maximum Credit Limit :
US$ 425,000 on 90
days D/A
OVERALL PERFORMANCE
P.T. RORAN INTI MANUNGGAL (P.T. RIM) or known as with trading style of
RoRan Fresh Fruits was set-up in Jakarta based on notary deed of Mrs. Mellyani
Noorshandra, SH., No. 43 dated 16 October 2000 with the authorized capital of
Rp. 40,000,000,000 issued capital of Rp. 20,000,000,000 entirely paid up. The
founding and shareholders of the company are Mr. Irwan Haliman and young
brother Mr. Awi Haliman, both of are Indonesian business family of Chinese
origins. Then the company notary deed has been changed and based of notary deed
of Mrs. Mellyani Noorshandra, SH., No. 62 dated 30 August 2001 the authorized
capital was reduced to Rp. 20,000,000,000 of which Rp. 5,000,000,000 was issued
and paid up. The company notary act was approved by the Ministry of Law and Human
Rights in its decision letter No. C-08801.HT.01.01.TH.2001 dated September 20,
2001.
We observe that Mr. Irwan Haliman and Mr. Awi Haliman both of are also
founder and business stakes owner of P.T. LINGGARORAN COLD STORAGE a private
national company dealing with trading and distribution of fresh fruits and cold
storage warehouse management.
P.T. RIM or RoRan Fresh Fruits has been in operation since November 2000
dealing with trading and importing of fresh fruits. RoRan Fresh Fruits provides
a high quality and wide selection of imported fruits. The products being traded
by the company are pears, apples, oranges, peach grapes, kiwis, dates and other
being imported from China, the USA, Hong Kong, Thailand, New Zealand,
Australia, Egypt, South Korea and other countries. The fresh fruits are
supplied to several fruit shops and supermarkets in Jakarta and surroundings.
The company supplies the above products to Carrefour Hypermarkets and several
fruit stores, grocery fruits and supermarkets in Jakarta, Surabaya, Makassar
(Ujungpandang) and Bali. Besides, the company also supplies the products to
operators of hotels and restaurants in Jakarta, Surabaya and surroundings.
RoRan Fresh Fruits now operates in four prime cities in Indonesia and they have
branches in Jakarta, Surabaya, Yogyakarta and Bali. RoRan Fresh Fruits always
try to do more in pursuit of service excellence and customer satisfaction
through maintaining high standards, unique concepts and activities that are
beneficial and enjoyable to customers. The global economic crisis and very
sharp depreciation of the Rupiah to foreign currencies in October 2008 have
adversely affected the company's operations for having caused the sales prices
of the fruit the company is selling, which have mostly been imported, to be
very high and started increasing since April 2009 in line with the amelioration
of the economic condition in the country.
We observe that P.T. SIM or RoRan Fresh Fruits is classified as a medium
sized company of its kind in the country dealing with trading, importing and
distributor of fresh fruits of which the operation had been running smoothly
and growing in the last two years.
We note that generally the domestic demand for fresh fruits has been
rising by about 8% - 10% per year in the last five years in line with the
growing population and increasing income of part of the population in the
country. The demand is projected to go on rising each year in the next five
years. Meanwhile, competition is quite heavy in the fruit trade with many companies
now doing business in this field in Indonesia. We consider P.T. RIM or RoRan
Fresh Fruits to be in a quite favorable position for having already got hold of
a steady clientele in the country.
Production, Export and Import Value
of Fresh Fruits, 2005 – 2009
|
Products |
2005 |
2006 |
2007 |
2008 |
2009 |
|
Production (Million Ton) |
14,79 |
16,17 |
17,12 |
18,03 |
18,93 |
|
Export Value (Million US$) |
73,6 |
96,9 |
113,1 |
125,3 |
104,2 |
|
Import Value (Million US$) |
23,4 |
33,7 |
44,9 |
47,4 |
62,6 |
Source: Ministry of Agriculture
Until this time P.T. RIM has not been registered with Indonesian Stock
Exchange, so that they shall not obliged to announce their financial statement.
The management of P.T. RIM is very reclusive towards outsiders
and rejected to disclose its financial condition. We observed that total
sales turnover of the company in 2009 amounted to Rp. 28.0 billion rose to Rp.
30.0 billion in 2010 increased to Rp. 32.3 billion in 2011 and projected to go
on rising by at least 5% in 2012. The operation in 2011 yielded an estimated
net profit of at least Rp. 2.7 billion and the company has an estimated total
net worth of at least Rp. 7.0 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. RIM is led by Mr. Awi Haliman (51) a businessman
and professional manager with experience in trading, import and distribution of
fresh fruits. The company's management is handled by professional staff in the
above business. They have wide relations with private businessmen within and
outside the country. So far, we did not hear that the
management of the company being filed to the district court for detrimental
cases or involved in any business malpractices. The company’s litigation
record is clean and it has not registered with the black list of Bank of
Indonesia. P.T. RORAN INTI MANUNGGAL or RoRan Fresh Fruits is sufficiently
fairly good for business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.43 |
|
|
1 |
Rs.79.10 |
|
Euro |
1 |
Rs.66.17 |
RATING EXPLANATIONS
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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 |
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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.