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Report Date : |
22.06.2012 |
IDENTIFICATION DETAILS
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Name : |
P.T. WIJAYA SAKTI MANDIRI |
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Registered Office : |
Komplek Ruko Vulkanin Permai Block A No. 6, Jalan Pangeran Tubagus Angke No. 18, Jakarta Barat, 11460 |
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Country : |
Indonesia |
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Date of Incorporation : |
20.09.2008 |
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Com. Reg. No.: |
No. AHU-86956.AH.01.01.TH.2008 |
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|
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Legal Form : |
Limited
Liability Company |
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|
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Line of Business : |
General
Trading, Export Import Services |
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No. of Employees : |
03 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – 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 |
P.T. WIJAYA SAKTI MANDIRI
Head Office
Registered Office
Komplek Ruko Vulkanin Permai Block A No. 6
Jalan Pangeran
Tubagus Angke No. 18
Jakarta Barat,
11460
Indonesia
Phone -
(62-21) 54372317
Fax - (62-21) 54372317
Building Area - 1 storey
Office Space - 80 sq. meters
Region - Commercial
Status - Rent
20 September 2008
P.T. (Perseroan
Terbatas) or Limited Liability Company
The Ministry of
Law and Human Rights
No.
AHU-86956.AH.01.01.TH.2008
Dated 17 November
2008
Private National
Company
The Department of Finance
NPWP No.
02.750.246.7-085.000
The Department of Industry and Trade
TDP No.
09.02.1.51.36758
Dated 6 January
2009
None
Capital
Structure :
Authorized
Capital : Rp.
300,000,000.-
Issued Capital : Rp.
250,000,000.-
Paid up Capital : Rp.
250,000,000.-
Shareholders/Owners
:
a. Mr. Hakim
Wijaya -
Rp. 150,000,000.-
Address
: Jl. Utama Sakti II/3, RT. 003 RW. 007
Kelurahan Wijaya Kusuma, Kecamatan
Grogol Petamburan, Jakarta
Barat
Indonesia
b. Mrs. Lina
Wijaya Ng -
Rp. 100,000,000.-
Address : Jl. Utama Sakti II/3, RT. 003 RW. 007
Kelurahan Wijaya Kusuma, Kecamatan
Grogol Petamburan, Jakarta
Barat
Indonesia
Lines of
Business :
General Trading,
Export Import Services
Production
Capacity :
None
Total
Investment :
None
Started
Operation :
2009
Brand Name :
Wijaya Sakti
Mandiri
Technical
Assistance :
None
Number of
Employee :
3 persons
Marketing Area
:
Local - 100%
Main Customer
:
Export Import and
Supplies companies
Market
Situation :
Very Competitive
Main
Competitors :
a. P.T. ANDHINI
NUGRAHA
b. P.T. ANUGERAH EXINDO
c. P.T. CITRA HUTATA PERSADA
d. P.T. SANTOSA PRIMA MAJU
e. Etc.
Business Trend
:
Growing
Banker :
P.T. Bank CENTRAL
ASIA Tbk
Jalan Pangeran Tubagus Angke No. 170
Jakarta Barat
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
Annual Sales
(estimated) :
2009 – Rp. 3.0
billion
2010 – Rp. 3.5
billion
2011 – Rp. 4.0
billion
Net Profit
(estimated) :
2009 – Rp. 150
million
2010 – Rp. 175
million
2011 – Rp. 222
million
Payment Manner
:
Average
Financial
Comments :
Satisfactory
Board of Management :
Director - Mr. Hakim Wijaya
Board of Commissioners :
Commissioner -
Mrs. Lina Wijaya Ng
Signatories :
Director (Mr. Hakim
Wijaya) which must be approved by Board of Commissioner
Management Capability :
Satisfactory
Business Morality :
Satisfactory
Credit Risk :
Average
Credit Recommendation :
Credit should be proceeded with monitor
P.T. WIJAYA SAKTI MANDIRI (P.T. WSM) was incorporated in Jakarta based on notary deed of Mr. Agung Ariwibowo, SH., No. 43 dated 20 September 2008 with the authorized capital of Rp. 300,000,000 issued capital of Rp. 250,000,000 entirely paid up. The founding and shareholders of the company are Mr. Hakim Wijaya and his mother Mrs. Lina Wijaya Ng., both are Indonesian business family of Chinese origins. Based on our knowledge up to writing the report the notary documents of the company have not undergone any changes. The company notary deed was approved by the Ministry of Law and Human Rights in its decision letter No. AHU-86956.AH.01.01.TH.2008 dated November 17, 2008.
P.T. WSM started to be operating since 2009 engaged in the field of general trading, wholesale, export import services or custom clearance services. Previously the company address located at Komplek Taman Surya III Block J 1/26, Pengadungan, West Jakarta. However since the end 2011 the company moved into Komplek Ruko Vulkanin Permai Block A No. 6, Jalan Pangeran Tubagus Angke No. 18, Grogol Petamburan, West Jakara. We also contacted the company frequently but there was no holding up the telephone.
Besides, the office is also has yet been registered on the Telkom Information of Jakarta. According information from other sources adjacent to the office informs us the company engaged in general trading, wholesales and export import and custom clearance services. The company is also acted as custom clearances to handle and manages of export import duties or export import services in Tanjung Priok ports. According information the company provides services in handle of import of various agribusiness commodities products such as garlic from China and India, ground nut from India, chili from India and China and others.
The domestic demand in custom clearances, export import services has kept on fluctuating in the last five years in line with the growth of export and import of various Indonesian products including oil and gas. The demand for post and cargo handling had kept on increasing up in the lat five years in line with the growth of various businesses requiring its services to send letters to domestic and foreign destination. According data from the Ministry of Sea Communication that total of sea freight to overseas in the last five years has been increasing. However, the global economic crisis in October 2008 had caused the demand to decline especially in cargo freight of sea port.
Until this time P.T. WSM has not been registered with Indonesian Stock Exchange, so that they shall not obliged to announce their financial statement. The management of P.T. WSM 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. 3.0 billion rose to Rp. 3.5 billion in 2010 to Rp. 4.0 billion in 2011 and projected to go on rising by at least 4% in 2012. The operation in 2011 yielded an estimated net profit of at least Rp. 222 million and the company has an estimated total net worth of at least Rp. 0.3 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. WSM is led by Mr. Hakim Wijaya (28), a young businessman with experience in general trading, wholesale, export import and custom clearances services. 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.
In view staff from P.T. WIJAYA SAKTI MANDIRI nothing could be contacted and interviewed, 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.56.42 |
|
UK Pound |
1 |
Rs.88.45 |
|
Euro |
1 |
Rs.71.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.