|
Report Date : |
18.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
C.V. AGRO NUSA PERMAI |
|
|
|
|
Registered Office : |
Jalan Raya Driyorejo No. 180 Kecamatan Driyorejo,
Kecamatan Driyorejo Kabupaten Gresik, 61177 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
March 2008 |
|
|
|
|
Legal Form : |
Partnership with sleeping partners |
|
|
|
|
Line of Business : |
Trading, Import and Distribution of Ground Nuts and Onion and Fresh Fruits |
|
|
|
|
No. of Employees : |
28 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 |
|
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 |
C.V. AGRO
NUSA PERMAI
Head Office
Jalan Raya
Driyorejo No. 180
Kecamatan
Driyorejo, Kecamatan Driyorejo
Kabupaten Gresik,
61177
East Java
Indonesia
Phone -
(62-31) 750 9350, 7010 7683
Fax - (62-31) 750 9350
E-mail - agronusa_permai@yahoo.com
Building Area - 1 storey
Office Space - 120 sq. meters
Region - Commercial
Building
Status - Rent
Date of Incorporation :
March 2008
Legal Form :
C.V.
(Commanditaire Vennootschap) or partnership with sleeping partners
Company Reg.
No. :
Not Required
Company Status
:
Private National
Company
Permit by the
Government Department :
Not Available
Related
Company :
None
Capital
Structure :
Owned Capital : Rp. 300 million
Owners :
a. Mr. Wibowo Dipokusumo (Active Partner)
b. Mrs. Kusumo (Silent Partner)
Lines of
Business :
Trading, Import
and Distribution of Ground Nuts and Onion and Fresh Fruits
Production Capacity :
N o n e
Total Investment :
N o n e
Started
Operation :
April 2008
Brand Name :
Agro Nusa Permai
Technical Assistance :
N o n e
Number of
Employee :
28 persons
Marketing Area
:
Local - 100%
Main Customer
:
Traditional
Market
Market
Situation :
Very Competitive
Main
Competitors :
a. P.T. ASIA
AGROMAS ABADI
b. C.V. BUMI DJAJA
c. C.V. PUTRA NUSA
d. P.T. TUNASUTAMA SARIPERKASA, Etc
Business Trend
:
Growing
B a n k e r :
P.T. Bank BUKOPIN
Tbk
Gresik Main
Branch
East Java
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
Annual Sales
(estimated) :
2008 – Rp. 6.0
billion
2009 – Rp. 6.7
billion
2010 – Rp. 7.5
billion
2011 – None
Net Profit
(estimated) :
2008 – Rp. 300
million
2009 – Rp. 340
million
2010 – Rp. 375
million
2011 – None
Payment Manner
:
Average
Financial
Comments :
Satisfactory
Board of Management :
Director - Mr. Wibowo Dipokusumo
Board of Commissioners :
N o n e
Signatories :
Director (Mr. Wibowo
Dipokusumo) is only the authorized person to sign the loan on behalf of the
company.
Management Capability :
Satisfactory
Business Morality :
Satisfactory
Credit Risk :
Above Average
Credit Recommendation :
Credit should be extended under guarantee
Proposed
Credit Limit :
C.O.D. To small
amount
Based on
investigation by contacted the company telephone number frequently that the telephone
number un contact able. Besides according information from Telkom Surabaya,
explained that C.V. AGRO NUSA PERMAI registered on Jalan Laksda M. Natsir No.
29 Block C-7, Krembangan, Surabaya, East Java with telephone number (62-31)
3458900. However after contacted the company, the owner of the property
(office) said that he did not know about C.V. AGRO NUSA PERMAI.
C.V. AGRO NUSA
PERMAI (C.V. ANP) was established in March 2008 in Gresik, East Java with the
legal status of C.V. (Commanditaire Vennootschap) or Partnership with Sleeping
Partner. The founding owners of the company are Mr. Wibowo Dipokusumo as active
partner and his wife Mrs. Dipokusumo as silent partner. Both are indigenous
business family. As in common in cases of companies with C.V. status, there is
no mention in the company’s notarial act of its capital structure. But going by
the company’s conditions, we estimate its capital at some Rp. 300 million.
C.V. ANP has
been operating since April 2008 dealing with trading, import and distribution
of agricultural commodities. Mr. Wibowo Dipokusumo, Director and owner of the
company went on to say the company import of ground nuts and garlic of India;
red onion and fresh fruits from China. Then, the whole product like garlic, red
onion and ground nut marketed locally through traditional market in Gresik,
Sidoarjo, Surabaya and East Java. Besides, the company supplies the above
products like fresh fruit to several fruit stores, grocery fruits,
supermarkets, hotel and restaurant in Gresik, Surabaya and surroundings. We
find that C.V. ANP's operations have been growing slowly in the last three
years. The global economic crisis and very sharp depreciation of the Rupiah to
foreign currencies have adversely affected the company's operations for having
caused the sales prices of the fruit and agro commodities product the company
is selling, which have mostly been imported, to be very highly priced.
Meanwhile, the
domestic demand has sharply fallen. The operation of C.V. ANP has gradually
been increasing since the early 2009 due to the amelioration economic condition
in the country. However, since mid 2011 the address of C.V. ANP was not found.
Besides we had check through Telkom Information of Surabaya explained the
Subject has yet been registered on the above address. We didn’t know the
business growth of C.V. ANP due to the complete address of the company was not
found.
We refrain from
informing business prospect of C.V. ANP 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. 300,000,000. We find that the company’s financial
condition still depends on the financial condition of its shareholders being
supported by the businessmen behind it.
The management
of C.V. ANP is led by Mr. Wibowo Dipokusumo (46) a businessman and professional
manager with experience in trading, import and distribution of agriculture
commodities products. 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 C.V. AGRO NUSA PERMAI having
yet to be unknown the complete address since mid 2011, 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.55.15 |
|
|
1 |
Rs.86.30 |
|
Euro |
1 |
Rs.67.73 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.