MIRA INFORM REPORT

 

 

Report Date :           

21.03.2012

 

 

IDENTIFICATION DETAILS

 

Name :

P.T. MARTUADO PUTRA MANDIRI

 

 

Registered Office :

Jalan Enggano No. 15 Block C-12, Tanjung Priok, Jakarta Utara, 14310

 

 

Country :

Indonesia

 

 

Date of Incorporation :

15.06.2009

 

 

Com. Reg. No.:

No. AHU-36201.AH.01.01.TH.2009

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Export Import Services (Custom Clearances Services)

 

 

No. of Employees :

15

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

US$ 65,700

Status :

Satisfactory

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Indonesia

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Name of Company  

 

P.T. MARTUADO PUTRA MANDIRI

 

 

company Address

 

Head Office

Jalan Enggano No. 15 Block C-12

Tanjung Priok

Jakarta Utara, 14310

Indonesia

Phones             - (62-21) 3338 7179, 4393 2248 

Fax                   - (62-21) 4390 0253

E-mail               - martuadopt@gmail.com 

Building Area     - 2 storey

Office Space      - 80 sq. meters

Region              - Commercial

Status               - Rent

 

 

Date of Incorporation

 

15 June 2009

 

 

Legal Form

 

P.T. (Perseroan Terbatas) or Limited Liability Company

 

 

Company Reg. No.

 

The Ministry of Law and Human Rights

No. AHU-36201.AH.01.01.TH.2009

Dated 30 July 2009

 

 

Company Status

 

Private National Company

 

Permit by the Government Department

 

The Department of Finance

Not Available

 

 

Related Company

 

None

 

 

CAPITAL AND OWNERSHIP

 

Capital Structure :

Authorized Capital                            : Rp. 300,000,000.-

Issued Capital                                  : Rp. 300,000,000.-

Paid up Capital                                : Rp. 300,000,000.-

 

Shareholders/Owners :

a. Mr. Jambet Malau, ESCOM                                - Rp. 180,000,000.-

    Address : Jl. Lontar II No. 13, RT. 003 RW. 015

                    Kel. Menteng Atas, Kec. Setia Budi

                    Jakarta Selatan

                    Indonesia

b. Mr. April Simarmata                                          - Rp. 120,000,000.-

    Address : Jl. Tahir GG. Kharisma 1 No. 49, RT. 002

                    RW. 011, Kel. Kranji, Kec. Bekasi Barat

                    West Java

                    Indonesia

 

 

BUSINESS ACTIVITIES

 

Lines of Business :

Export Import Services (Custom Clearances Services)

 

Production Capacity :

None

 

Total Investment :

None

 

Started Operation :

August 2009

Brand Name :

Martuado Putra Mandiri

 

Technical Assistance :

None

 

Number of Employee :

15 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, AUDITOR & LITIGATION

 

Banker :

P.T. Bank CENTRAL ASIA Tbk

Jalan Enggano No. 20

Tanjung Priok

Jakarta Utara

Indonesia

 

Auditor :

Internal Auditor

 

Litigation :

No litigation record in our database

 

FINANCIAL FIGURE

 

Annual Sales (estimated) :

2009 – Rp. 2.0 billion (August – December)

2010 – Rp. 4.0 billion

2011 – Rp. 5.0 billion

 

Net Profit (estimated) :

2009 – Rp. 0.1 billion

2010 – Rp. 0.4 billion

2011 – Rp. 0.5 billion

 

Payment Manner :

Average

 

Financial Comments :

Satisfactory

 

 

KEY EXECUTIVES

 

Board of Management :

Director                                           - Mr. Jambet Malau, ESCOM

 

Board of Commissioners :

Commissioner                                 - Mr. April Simarmata

 

Signatories :

Director (Mr. Jambet Malau, ESCOM) which must be approved by Board of Commissioner

 

 

CAPABILITIES

 

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$ 65,700 on 90 days D/A

 

 

OVERALL PERFORMANCE

 

P.T. MARTUADO PUTRA MANDIRI (P.T. MPM) was incorporated in Jakarta on June 15, 2009 with the authorized capital of Rp. 300,000,000 wholly issued and paid up. The founding shareholders of the company are Mr. Jambet Malau, ESCOM (Sarjana Komputer) and Mr. April Simarmata, both are indigenous businessmen of Batak descent. 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 made by Mrs. Hajjah Nurmiati, SH., a public notary in Jakarta and was approved by the Ministry of Law and Human Rights in its decision letter No. AHU-36201.AH.01.01.TH.2009 dated July 30, 2009.

 

P.T. MPM started to be operating since August 2009 to deal with trading and export import services or custom clearances services. Basically the company just acted as custom clearances to handle and manages of export import duties or export import services in Tanjung Priok ports. According information from Mr. Jambet Malau, Director and owner of the company went on to say that the company provides services in handle of import of various agribusiness commodities products such as garlic from China, onion from New Zealand, Sesame Seed from India, ground nut kernel from India, Cornstach from Bulgaria, Chili from India and China and others.

 

In the implementation of these imports, P.T. MPM as much as possible trying to be immediately removing the goods they import to get to the destination.

 

P.T. MPM provides export import services including marine line in Tanjung Priok port, agricultural products (fruits/tubers), delivered up in warehouse, volume all-in (dock & tracking) etc. P.T. MPM will import goods and delivered to warehouse of all clients. Mr. Jambet Malau added the whole services uses by various industries and traders in Jakarta and surroundings. Further Mr. Jambet Malau explained the company now handles the import of garlic from HANSENG Garlic of China. We observe the operation of P.T. MPM had been growing and developing in the last two years.

 

We have noticed that the demand for agricultural products had increased some 10% to 11% per annum in the last five years in line with the growth of industrial manufacturing in the country and international market. In the coming years, the growth rate of demand is estimated at about 6% to 7% per annum. The present market situation for agricultural products is very competitive for a large number of similar companies operating in the country. Meanwhile, competition is quite heavy in the export import of agricultural products with many companies now doing business in this field in Indonesia. We consider P.T. MPM to be in a quite favorable position for having already got hold of a steady clientele in the country.

 

Until this time P.T. MPM has not been registered with Indonesian Stock Exchange, so that they shall not obliged to announce their financial statement. The management of P.T. MPM 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 August to December 2009 amounted to Rp. 2.0 billion rose to Rp. 4.0 billion in 2010 to Rp. 5.0 billion in 2011 and projected to go on rising by at least 6% in 2012. The operation in 2011 yielded an estimated net profit of at least Rp. 0.5 billion and the company has an estimated total net worth of at least Rp. 0.6 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. MPM is led by Mr. Jambet Malau, ESCOM (38), a businessman and professional manager with experience in export import or custom clearances services. He graduated Escom (Sarjana Komputer/ Computer degree) from University of Gunadharma. Previously he works as Information Technology staff of P.T. ELNUSA Tbk, a subsidiary of PERTAMINA Group. 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. MARTUADO PUTRA MANDIRI is sufficiently fairly good for business transaction.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.25

UK Pound

1

Rs.79.76

Euro

1

Rs.66.52

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.