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Report Date : |
30.06.2012 |
IDENTIFICATION DETAILS
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Name : |
P.T. MOJOPAHIT MANDIRI JAYA SENTOSA |
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Registered Office : |
Jalan Antara No. 33, Pasar Baru, Jakarta Pusat, 10730 |
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Country : |
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Date of Incorporation : |
18.01.2011 |
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Com. Reg. No.: |
No.
AHU-15761.AH.01.01.TH.2011 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Trading and
Distribution Industrial Pumps |
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No. of Employees : |
13 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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 |
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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 |
P.T. MOJOPAHIT MANDIRI JAYA SENTOSA
Head Office
Jalan Antara No. 33
Pasar Baru
Jakarta Pusat,
10730
Indonesia
Phones -
(62-21) 3859706, 3859721
Fax - (62-21) 3455184
E-mail - hartonoc@yahoo.com
Building Area - 2 storey
Office Space - 100 sq. meters
Region - Commercial
Status - Rent
18 January 2011
P.T. (Perseroan
Terbatas) or Limited Liability Company
The Ministry of
Law and Human Rights
No. AHU-15761.AH.01.01.TH.2011
Dated 29 March
2011
Private National
Company
The Department of
Finance
Not Available
a. C.V. TECKINDO JAYA (Trading and Distribution of
Technical Goods)
b. P.T. TECKINDO PRIMA GEMILANG JAYA (Trading
and Distribution of Technical Goods)
Capital
Structure :
Authorized
Capital : Rp.
1,200,000,000.-
Issued Capital : Rp. 300,000,000.-
Paid up Capital : Rp. 300,000,000.-
Shareholders/Owners
:
a. Mr. Hartono
Lailani -
Rp. 240,000,000.-
Address : Jl. Raya Taman Golf
Block DG2/97, RT. 02
RW. 03,
Kelurahan Kelapa Indah, Kecamatan
Tangerang,
Banten Province
Indonesia
b. Mrs. Yenny -
Rp. 30,000,000.-
Address : Jl. Raya Taman Golf
Block DG2/97, RT. 02
RW. 03,
Kelurahan Kelapa Indah, Kecamatan
Tangerang,
Banten Province
Indonesia
c. Ms. Cindi Hartono -
Rp. 30,000,000.-
Address : Jl. Duta Hijau Malibu C-65
Sukadamai, Medan
North
Sumatra
Indonesia
Lines of
Business :
Trading and
Distribution Industrial Pumps
Production
Capacity :
None
Total
Investment :
None
Started
Operation :
April 2011
Brand Name :
Mojopahit Mandiri
Jaya Sentosa
Technical
Assistance :
None
Number of
Employee :
13 persons
Marketing Area
:
Local - 100%
Main Customer
:
Industrial
Manufacturing
Market
Situation :
Very Competitive
Main
Competitors :
a. P.T. ADIKARSA
TEGUHBUANA
b. P.T. ADHINUSA LESTARI JAYA
c. P.T. GRUNDFOS POMPA
d. P.T. INDOBARA BAHANA
e. Etc.
Business Trend
:
Growing
Bankers :
a. P.T. Bank
INTERNATIONAL INDONESIA Tbk
Jalan
Daan Mogot No. 33
Jakarta Barat
Indonesia
b. P.T. Bank CENTRAL ASIA Tbk
Jalan Kyai Haji Samanhudi No. 8
Jakarta
Pusat
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
Annual Sales
(estimated) :
2011 – Rp. 5.5
billion (April – December)
Net Profit
(estimated) :
2011 – Rp. 275
million (April – December)
Payment Manner
:
Average
Financial
Comments :
Satisfactory
Board of Management :
Director - Mr. Hartono Lailani
Board of Commissioners :
President Commissioner -
Mrs. Yenny
Commissioner -
Ms. Cindi Hartono
Signatories :
Director (Mr. Hartono
Lailani) which must be approved by Board of Commissioner
Management Capability :
Satisfactory
Business Morality :
Satisfactory
Credit Risk :
Average
P.T. MOJOPAHIT MANDIRI JAYA SENTOSA (P.T. MMJS) was established in Jakarta based on notary deed of Mrs. Sri Buena Brahmana, SH., M.Kn., No. 42 dated 18 January 2011 with the authorized capital of Rp. 1,200,000,000 issued capital of Rp. 300,000,000 entirely paid up. The founding shareholders of the company are Mr. Hartono Lailani, his wife Mrs. Yenny and his sister Ms. Cindi Lailani, they are Indonesian business family of Chinese descents. 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-15761.AH.01.01.TH.2011 dated March 29, 2011.
P.T. MMJS had been operating since April 2011 in trading, import and distribution of industrial pumps. The company sells of various of pumps such as home pumps, agriculture pumps, pressure boosting pumps, waste water pumps, industrial pumps, cable and accessories. The company provided its customers with the best domestic and industrial pumps in the market and P.T. MMJS has appointed as distributor for well known pumps such as CRI PUMPS PVT LTD., a leading manufacturer of waste water pumps, CH pumps, drainage pumps, pressure booster pumps, sewage pumps and valves in India.
Besides, P.T. MMJS is also sells of FIRMAN pumps from affiliated company P.T. TECKINDO PRIMA GEMILANG JAYA engaged in trading and distribution of technical goods. The type of industrial pumps ranging from Centrifugal End Suction, Sprinkle Head, Horizontal Multi Stage End Suction, Trailer Pump, Horizontal Multi Stage, Horizontal Booster Pump, Tractor Pump, Vertical Turbine Diesel/Electric, Submersible Deep Well, Monobloc/ Closed Coupled, Vertical Multi Stage, Vertical Booster Pump, Submersible Waste Water/Drainage Sewage and Flood pumps. The industrial pumps uses for all purpose such as domestic building services, industrial end users, water services, wastewater, aquaculture, pharmaceutical, food and beverages, textile, cement, pulp & paper mills and other industries. The whole industrial pump is marketed locally through by civil contracting, building and general contracting, its dealer & shops in Jakarta and surroundings. We observe the operation of P.T. MMJS has been growing in the last one year.
Generally outlook we find the demand for technical goods and engineering services has been rising by 6% to 8% per year in the last five years, in line with the growth of industrial sectors like chemical, textile, cement, natural oil industries, etc. The demand for the industrial pump will be rising by 6% in the next five years. The products are largely imported and the prices increased sharply while the purchasing power dropped down. Competition is very tight due to a lot of similar imported products are offered in the market. Business position of P.T. MMJS remains quite good for it has already controlled wide marketing chains in many major cities in the country.
Until this time P.T. MMJS has not been registered with Indonesian Stock Exchange, so that they shall not obliged to announce their financial statement. The management of P.T. MMJS is very reclusive towards outsiders and rejected to disclose its financial condition. We observed that total sales turnover of the company in the first year operation April to December 2012 amounted to Rp. 5.5 billion projected to go on rising by at least 5% in 2012. The operation in 2011 yielded an estimated net profit of at least Rp. 275 million and the company has an estimated total networth of at least Rp. 1.2 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. MMJS is led by Mr. Hartono Lailani
(45) a businessman and professional manager with experience in trading, import
and distribution of industrial pumps. He is also President Director of P.T.
TECKINDO PRIMA GEMILANG JAYA engaged in trading and distribution technical
goods. 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. MOJOPAHIT MANDIRI JAYA SENTOSA is sufficiently fairly good for
business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.31 |
|
UK Pound |
1 |
Rs.88.06 |
|
Euro |
1 |
Rs.70.91 |
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 |
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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 |
|
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 |
|
<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.