|
Report Date : |
20.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
P.T. VIVERE MULTI KREASI |
|
|
|
|
Registered Office : |
Graha Vivere, 1st Floor Jalan Letjend. S. Parman
No. 6 |
|
|
|
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Country : |
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|
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|
Date of Incorporation : |
December 2000 |
|
|
|
|
Com. Reg. No.: |
No. AHU-81125.AH.01.02.TH.2008 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Trading and Marketing of Home and Office Furniture |
|
|
|
|
No. of Employees : |
123 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) |
|
|
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
P.T. VIVERE
MULTI KREASI
Head Office
Graha Vivere, 1st
Floor
Jalan Letjend. S.
Parman No. 6
Phones -
(62-21) 5365 1568 (Hunting)
Fax - (62-21) 5365 1609
E-mail - marketing@viverecollection.com
Website - http://www.viverecollection.com
Building Area - 10 storey
Office Space - 120 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation :
December 2000
Legal Form :
P.T. (Perseroan
Terbatas) or Limited Liability Company
Company Reg.
No. :
The Ministry of Law and Human Rights
No.
AHU-81125.AH.01.02.TH.2008
Dated 3 November
2008
Company Status
:
Private National
Company
Permit by the
Government Department :
The Department of Finance
NPWP No.
02.004.635.5-073.000
Related
Company :
A Member Company
of the VIVERE Group (see attachment)
Capital
Structure :
Authorized
Capital : Rp.
1,000,000,000.-
Issued Capital : Rp. 300,000,000.-
Paid up Capital : Rp. 300,000,000.-
Shareholders/Owners
:
a. Mr. GEMA GRAHASARANA Tbk - Rp. 299,900,000.-
Address :
Graha Vivere
Jl. Letjend. S. Parman No. 6
Jakarta Barat
Indonesia
b. Mr. Ir. Dedy Rochimat, MM - Rp. 100,000.-
Address : Jl. Tosiga 1/K5, RT.
009 RW. 004
Kelurahan Kebon
Jeruk, Kecamatan Kebon
Jeruk,
Lines of
Business :
Trading and
Marketing of Home and Office Furniture
Production
Capacity :
Vivere Stores - 13 stores
Total
Investment :
None
Started
Operation :
2001
Brand Name :
Vivere Collection
Technical
Assistance :
None
Number of
Employee :
123 persons
Marketing Area
:
Local - 100%
Main Customer
:
Corporate and
Individuals
Market
Situation :
Very Competitive
Main
Competitors :
a. P.T. ADI
NUSANTARA RAYA
b. P.T. CAHAYA
BUANA PACIFIC
c. P.T. GRAHA VINOTTI KREASINDO
d. P.T. JAYA INDAH
FURNITURE
e. Etc.
Business Trend
:
Growing
B a n k e r s :
a. P.T. Bank
CIMB NIAGA Tbk
Jalan
Asemka Raya No. 18-19
Jakarta Barat
Indonesia
b. P.T. Bank CENTRAL ASIA Tbk
Wisma 77
Jalan Letjend.
S. Parman Kav. 77
Jakarta
Barat
Indonesia
c. P.T. Bank OCBC
NISP Tbk
Wisma
77
Jalan Letjend.
S. Parman Kav. 77
Jakarta
Barat
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
Annual Sales
(estimated) :
2009 – Rp. 123.0
billion
2010 – Rp. 134.0
billion
2011 – Rp. 147.0
billion
Net Profit
(estimated) :
2009 – Rp. 7.4
billion
2010 – Rp. 8.0
billion
2011 – Rp. 8.8
billion
Payment Manner
:
Average
Financial
Comments :
Satisfactory
Board of Management :
President Director - Mr. Tommy Diary AKA Tan Meng Kau
Director -
Mr. Ir. Dedy Rochimat, MM
Board of Commissioners :
President Commissioner -
DR. Pulung Perangin Angin
Commissioners -
Mrs. Sri Martini
Signatories :
President Director (Mr.
Tommy Diary AKA Tan Meng Kau) or the Director (Mr. Ir. Dedy Rochimat, MM) which
must be approved by Board of Commissioner
Management Capability :
Good
Business Morality :
Good
Credit Risk :
Average
Credit Recommendation :
Credit should be proceeded with monitor
Proposed
Credit Limit :
Small amount –
periodical review
Based on
investigation the correct name of the Subject is P.T. VIVERE MULTI KREASI not VIUERA
as stated in your order Ref. No. 184064 dated 15 June 2012.
P.T. VIVERE
MULTI KREASI (P.T. VMK) was incorporated in Jakarta in December 2000 by P.T.
GEMA GRAHASARANA Tbk and Mr. Ir. Dedy Rochimat, MM an Indonesian businessman of
Chinese origin.
The company
notary deed has been changed a couple of times and according to the latest
revision of notary documents of Dr. Irawan Soerodjo, SH., MS No. 4 dated 1 July
2008 the company authorized capital amounted at Rp. 1,000,000,000 issued
capital of Rp. 300,000,000 entirely paid up. With this time the composition of
its shareholders has been changed to become P.T. GEMA GRAHASARANA Tbk (99.67%)
and Mr. Ir. Dedy Rochimat, MM (0.03%). The deed of amendment was approved by
the Ministry of Law and Human Rights in its decision letter No.
AHU-81125.AH.01.02.TH.2008 dated November 3, 2008.
We observe the
majority shareholder P.T. GEMA GRAHASARANA Tbk., is a public listed company
engaged in Interior Contracting Services and Furniture Manufacturing which
majority business stakes is controlled by Mr. Ir. Dedy Rochimat. He is also
founder and business stakes owner of the VIVERE Group, a small sized business
group in design interior and contracting services, wooden furniture industry.
P.T. VMK or
VIVERE started to be operating since 2001 engaged in the field of trading and
marketing of home and office furniture. VIVERE is a lifestyle brand that offers
wide-ranging interior collection for home. The brand endorses contemporary
designs, expressed by clean lines and embellished with a light Asian touch. The
result is a universal style that brings forth a beautiful atmosphere for life.
VIVERE core competencies are in home furnishings and accessories. In 2005, the
business expanded into selling office system-working chairs & furnishings
branded as VIVERE Working. In 2008, it further evolves into selling Classic
collection to meet the great demand of collector & fans from Indonesia. By
2010, the business added another business category, which is VIVERE Kitchen.
While VIVERE Collection & VIVERE Kitchen is tailored to target the retail
market, both also have establishment for project based merchants or other
business properties. VIVERE Working, which showroom located right in the heart
of the head office itself (Graha VIVERE), alternatively focuses on project
based only. The VIVERE stores sells of various types of home and office
furniture.
The whole
products are Home Furniture including home collection, living room, dining
room, bedroom, home working, designer corner, home series (Capri collection,
Donata collection, Eriko collection, Gemma collection, Maya collection, Skyline
collection, U collection, Maha collection, Famous collection, Vassa series) and
home inspiration (décor idea). P.T. VMK latest home accessories collection is the
Padma series. Symbolizing grace and beauty, Padma is all about nostalgic floral
pattern with romantic color of soft pink, purple and maroon. To create total
romantic & feminine look in the living room, put padma cushion at your
sofa, cover the coffee table with padma runner, and lit padma candle with
magnolia scent in the living room.
Working
collection products are workstation, chair, sofa & coffee table, executive
desk, storage & cabinet, carpet by TANDUS, and demountable wall. Culture collection
is (Indonesian Art, Asian Art and Special Art). Classic collection products
sells by VIVERE are living room, bedroom, dining room, study room, classic
accessories and classic inspiration. VIVERE Complements are stylish and
functional home accessories that constantly follow the latest international
trends. The collection includes dining ware, bathroom accessories, bedroom
essentials and living room accoutrements. VIVERE's attractive accessory items
are naturally perfect as personal gifts for your friends, family and
colleagues. The types of VIVERE Collection are accessories collection, bathroom
accessories, dining ware, flowers & vase, lightings, office accessories and
wine accessories.
VIVERE Wardrobe
combines sleek modern design with smart storage system to create a beautiful
storing space for your fashion and precious collection. The exterior and
interior of VIVERE Wardrobe is designed with great flexibility, adjusting to
the available space at home and to the individuals storing needs (what kind of
clothing, how many clothing). Exterior Wardrobe is
the exterior body of VIVERE Wardrobe is built by using factory made modular
panels system, and quality hardware system to ensure the durability and
flexibility. These highly precise modular panels could be easily joint,
extended and adjusted to match the size of your space, whether it is a compact
apartment space or a spacious house. The body could be finished with variety of
colors, door style and wide ranging of finishing materials such as glasses,
veneer, uv gloss, HPL and many more, all to add flair and style to your
wardrobe, creating a designer look with great practicality.
Interior Wardrobe is the interior of VIVERE Wardrobe is
custom built according to the needs of the individuals. You can add shelving,
drawers, hanger, and displays as you like, following the way you want to store
and organize your clothing and jewelry collection. For sure, these interior
fittings make organizing more efficient and practical.
VIVERE Kitchen
is developed to accommodate four important activities that goes beyond cooking.
It is also built to impress,
socialize and entertain at the same time. VIVERE Kitchen is developed with
modern open concept. Blend in with another area at home (living or dining
room), the open concept kitchen allows the entire family or guests of your
dinner gathering to gather round, having meal, and share the moment while the
host prepare for dinner. Now, you can cook, impress and entertain at the same
time. VIVERE has 13 stores that spread across lifestyle malls and other
prestigious venues in Jakarta, Medan and Surabaya, and the number is still
growing. We observe the operation of P.T. VMK or VIVERE has been growing and
developing well in the last three years.
Generally the
demand for furniture products has basically been increasing in the last five
years. However, the lack of woods as the basic materials becomes serious
problem faced by wooden furniture producers. Therefore, lots of wooden
furniture producers can not fulfill the market demand. Besides, the price of
woods in the country has highly been increasing in the last several years. In
addition, the tight government policy in wooden products seems to burden the
wooden product industries. The demand for wooden furniture products is estimated
to be rising next year. However, the lack of woods and high prices of woods are
estimated to influence the performance of wooden furniture products.
The Growth and Export Value of Indonesian Furniture, 2005 – 2011*
|
Year |
Volume (Ton) |
Value (US$ Billion) |
|
2005 |
836.155 |
1,79 |
|
2006 |
835.612 |
1,81 |
|
2007 |
898.882 |
1,96 |
|
2008 |
825.538 |
2,65 |
|
2009 |
973,250 |
2,25 |
|
2010 |
987,890 |
2,72 |
|
2011* |
975,230 |
2,30 |
Source: ASMINDO
*) Estimated
Until this time
P.T. VMK has not been registered with Indonesian Stock Exchange, so that they
shall not obliged to announce their financial statement. The management of P.T.
VMK 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. 123.0 billion rose
to Rp. 134.0 billion in 2010 increased to Rp. 147.0 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. 8.8 billion and the company has an
estimated total networth of at least Rp. 25.0 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. VMK is led by Mr. Tommy Diary AKA Tan Meng Kau (45) a businessman and
professional manager with experience in trading and marketing of home and
office furniture. He graduated Master of Management from Sekolah Tinggi
Management Prasetia Mulya (Prasetia Mulya Business School) in 1994 – 1997.
Daily activity he is assisted by Mr. Ir. Dedy Rochimat, MM (55) a businessman
and professional manager with experience in design interior and furniture manufacturing,
panel laminated and component furniture manufacturing etc. He graduated from
Institute Sains dan Teknologi Nasional (ISTN) in 1992 and Master of Management
from Sekolah Tinggi Management Prasetia Mulya (Prasetia Mulya Business School)
in 1995. 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. VIVERE MULTI KREASI
is sufficiently fairly good for business transaction.
Attachment:
List of the
VIVERE Group Members
1.
GEMA GRAHASARANA Tbk, P.T. (Design Interior and Furniture
Manufacturing and Investment Holding)
2.
IFM GRAHA SARANA, P.T. (Movers and Logitsic Services)
3.
LAMINATECH KREASI SARANA, P.T. (Manufacturers and Trader of
Panel Laminated and Furniture Components)
4.
PRASETYA GEMA MULIA, P.T. (Electrical Contracting Services)
5.
REKAGUNA ABDIJAYA, P.T. (Architect Design Consultant)
6.
VINOTINDO GRAHASARANA, P.T. (Investment Holding)
7.
VIRUCCI INDOGRIYA SARANA, P.T. (Investment Holding)
8.
VIVERE MULTI KREASI, P.T. (Trading and Markets of Home and
Office Furnitures)
9.
Etc.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.01 |
|
|
1 |
Rs.87.85 |
|
Euro |
1 |
Rs.70.54 |
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.