MIRA INFORM REPORT
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Report Date : |
10.03.2012 |
IDENTIFICATION DETAILS
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Name : |
P.T. FOURTUNE INDOPUTRA |
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Registered Office : |
Jalan Sunter
Nirwana Asri II Block A 4 No. 41, Sunter Paradise, Sunter Nirwana II, Jakarta
Utara |
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Country : |
Indonesia |
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Date of Incorporation : |
12.12.2005 |
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Com. Reg. No.: |
No. AHU-11159.AH.01.02.Tahun 2009 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Sea Freight
Forwarding, Custom Clearances and Export-Import Services |
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No. of Employees
: |
15 |
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$ 170,000 |
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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 30th, 2011
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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 |
P.T. FOURTUNE INDOPUTRA
Head Office
Jalan Sunter
Nirwana Asri II Block A 4 No. 41
Sunter Paradise,
Sunter Nirwana II
Jakarta Utara
Indonesia
Phone -
(62-21) 651-6969
Fax - (62-21) 651-8142, 652-2872
Building Area - 3 storey
Office Space - 180 sq. meters
Region - Commercial
Status - Rent
12 December 2005
P.T. (Perseroan
Terbatas) or Limited Liability Company
The Ministry of Law and Human Rights
a. No.
C-00502 HT.01.01.TH.2006
Dated 6 January 2006
b. No.
AHU-11159.AH.01.02.Tahun 2009
Dated 06 April 2009
Private National
Company
The Department of Finance
NPWP No.
02.504.439.7-042.000
a. P.T. GEMA
CIPTA MKMUR (General Trading) Inactive
b. P.T. ANEKA
PRIMA SEGAR (General Trading, Export Import of Fresh Fruits)
c. Etc.
Capital
Structure :
Authorized
Capital - Rp.
500,000,000.-
Issued Capital - Rp.
300,000,000.-
Paid up Capital - Rp.
300,000,000.-
Shareholders/Owners :
a. Mr. Koko Mulyanto -
Rp. 150,000,000.-
Address : Jl. Tanah 80, Rt. 06/08
Klender, Duren Sawit
Jakarta Timur,
Indonesia
b. Mr. Agus -
Rp. 150,000,000.-
Address : Jl. Bantargebang Selatan
Rt. 001/01, Bantargebang
Bekasi, West Java,
Indonesia
Lines of
Business :
Sea Freight
Forwarding, Custom Clearances and Export-Import Services
Production
Capacity :
None
Total
Investment :
None
Started
Operation :
January 2006
Brand Name :
Fourtune
Indoputra
Technical
Assistance :
None
Number of
Employee :
15 persons
Marketing Area
:
Local - 100%
Main Customers
:
a. P.T. ANEKA PRIMA SEGAR
b. Trading and
Export Import Companies
Market
Situation :
Very Competitive
Main
Competitors :
a. P.T. EMKL
SENOPATI
b. P.T. UNIVERSAL
EXPORT
c. P.T. C&P
LOGISTIC
d. P.T. FREIGHT
EXPRES INDONESIA
e. Etc.
Business Trend
:
Growing
Bankers :
a. P.T. Bank CENTRAL ASIA Tbk
Jalan
Sunter Nirwana Asri II Block A 4/55
Sunter Paradise, Jakarta Utara
Indonesia
b. P.T. Bank LIPPO Tbk
Jalan
Wahid Hasyim No. 177A
Jakarta Pusat,
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
Total
Income/Sale (estimated) :
2008 – Rp. 8.5 billion
2009 – Rp. 9.8 billion
2010 – Rp. 11.0
billion
2011 – Rp. 12.6
billion
Net Profit
(estimated) :
2008 – Rp. 320
million
2009 – Rp. 380
million
2010 – Rp. 420
million
2011 – Rp. 480
million
Payment Manner
:
Average
Financial
Comments :
Satisfactory
Board of Management :
Director - Mr. Koko Mulyanto
Board of Commissioners :
Commissioner -
Mr. Agus
Signatories :
Director (Mr. Koko
Mulyanto) which must be approved by Board of Commissioner (Mr. Agus)
Management Capability :
Satisfactory
Business Morality :
Satisfactory
Credit Risk :
Average
Credit Recommendation :
Credit should be proceeded with monitor
Proposed
Credit Limit :
Small amount –
periodical review
Maximum Credit Limit :
US$ 170,000 on 90
days D/A
P.T. FOURTUNE INDOPUTRA (P.T. FI) was established in Jakarta on 12 December 2005, with an authorized capital of Rp. 500,000,000 issued capital of Rp. 300,000,000 entirely paid up. The founding shareholders of the company are Mr. Koko Mulyanto and Mr. Agus, they are Indonesian businessmen of Chinese extraction. The deed of amended was made by Mrs. Ingrid Lannywaty, SH, a public notary in Jakarta, was approved by the Ministry of Law and Human Right in its Decision Letter Number C-00502 HT.01.01.2006, dated January 6, 2006. We see, that in the office of P.T. FI, also registered under the other company such as P.T. GEMA CIPTA MAKMUR dealing with general trading (inactive) and P.T. ANEKA PRIMA SEGAR dealing with trading and export-import of fresh fruits.
P.T. FI has been in operating in early of 2006 in sea freight forwarding, custom clearances and export import services, customs formalities brokerage, etc. Most of the companies using P.T. FI's services are P.T. ANEKA PRIMA SEGAR in importing of fresh fruits, export import companies operating in Jakarta and surrounding particularly in the imported of the basic materials and the exporting of its products. The company manages and handled an export import services especially in Tanjung Priok Port.
Mr. Koko Mulyanto, the Director of P.T. FI explained that the company manages and handled an export import services such as cargoes, merchandising goods such as textile products, shoes, hand bag, beauty case, luggage, travel bag, orange, machinery, dyestuff and other industrial chemical from Malaysia, China and India. The company’s services usually used by their clients such as P.T. ANEKA PRIMA SEGAR, P.T. SEGAR MANIS MATA, P.T. TOTAL BUAH SEGAR and export import companies. We observed that P.T. FI is classified as a small sized company of its kind in the country of which the operation has been growing in the last three years.
Generally, the demand for freight forwarding services, custom clearance and importing services in the country had significantly rising by 8% to 10% per year in the last five years, in line with the growth of hotels and restaurants, hypermarkets and supermarkets, food and beverage, and increased purchasing power. But, as from October 2008, the demand growth for freight forwarding services, custom clearance and importing services has kept on dwindling as an impact of global economic crisis as told above. Beside, the competition is very tight on account many similar companies operating in the country. P.T. FI is considered to be in a favorable business position in view of the company's experience in the above business.
P.T. FI has not been registered with Indonesian Stock Exchange, so that they shall not obliged to announce their financial statement. We observed that total sales turnover of the company in the first operation in 2009 amounted to Rp. 9.8 billion increased to Rp. 11.0 billion in 2010 rose again to Rp. 12.6 billion in 2011 and projected to go on rising by at least 8% in 2012. The operation in 2011 yielded an estimated net profit at least Rp. 480 million and the company has an estimated total networth at Rp. 1.5 billion. So far we did not hear that the P.T. FI has been black listed by Bank Indonesia (Central Bank) or having detrimental cases being settled in local district court. The company usually pays its debts punctually to suppliers.
P.T. FI’s management is led by Mr. Koko Mulyanto (53), a businessman who experienced for more than 8 years in the field of sea freight forwarding, custom clearances services and export import services. We observed that management’s reputation in said business is sufficiently fairly good. The company has had wide relation in the realm of the private businessmen within and outside the country. So far, we have never heard that the company’s management involved in a dirty business practice or detrimental cases that settled in the country. The company’s litigation record is clean and it has not registered with the black list of Bank of Indonesia.
We believed that PT. FOURTUNE INDOPUTRA is sufficiently fairly good for business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.50.02 |
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UK Pound |
1 |
Rs.79.00 |
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Euro |
1 |
Rs.66.18 |
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.