MIRA INFORM REPORT

 

 

Report Date :

28.05.2012

 

IDENTIFICATION DETAILS

 

Name :

P.T. KHARISMA SATYA JAYA

 

 

Registered Office :

TCT Building, 11th Floor, Jl. M.H. Thamrin No. 81, Jakarta 10310

 

 

Country :

Indonesia

 

 

Date of Incorporation :

11.01.2012

 

 

Com. Reg. No.:

No. AHU-04859.AH.01.01.TH.2012

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Export Import and General Trading

 

 

No. of Employees :

06

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

---

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

 

 

Name of Company

 

P.T. KHARISMA SATYA JAYA

 

 

company Address

 

Head Office

TCT Building, 11th Floor

Jl. M.H. Thamrin No. 81

Jakarta 10310

Indonesia

Phones             - (62-21) 3522122, 57945504

Fax                   - (62-21) 34830276

Email                - suresh.chandiramani@gmail.com

Building Area     - 33 storey

Building Space  - 120 sq. meters

Region              - Commercial

Status               - Rent

 

 

Date of Incorporation

 

11 January 2012

 

 

Legal Form

 

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

 

 

Company Reg. No.

 

The Ministry of Law and Human Rights 

No. AHU-04859.AH.01.01.TH.2012

Dated 31 January 2012

 

 

Company Status

 

National Private Company

 

Permit by the Government Department

 

The Department of Finance

NPWP - Pending

 

Related Companies

 

a. P.T. AMESH INDAH INTERNATIONAL (Export Import of Steel and Iron, Chemical, Alumina

    Hydrate and Garment Products)

b. P.T. ISPAK (Export, Import and General Trading)

c. Etc.

 

 

CAPITAL AND OWNERSHIP

 

Capital Structure :

Authorized Capital                   - Rp. 1,000,000,000.-

Issued Capital                         - Rp.    750,000,000.-

Paid up Capital                       - Rp.    750,000,000.-

 

Shareholders/Owners :

a. Mr. Suresh Kishinchand Chandiramani          - Rp. 300,000,000.- (40%)

   Address : Jl. Merpati Block A-20,

                   Gunung Sahari, Kemayoran

                   Jakarta Pusat

                   Indonesia

b. Mrs. Kharisma Suresh Chandiramani             - Rp. 300,000,000.- (40%)

   Address : Jl. Merpati Block A-20,
                   Gunung Sahari, Kemayoran

                   Jakarta Pusat

                   Indonesia

c. Mr. Kishinchand Moolchand Chandiramani    - Rp. 150,000,000.- (20%)

   Address : Jl. Pintu Air Raya No. 38-C

                   Pasar Baru, Sawah Besar

                   Jakarta Pusat

                   Indonesia

 

 

BUSINESS ACTIVITIES

 

Lines of Business :

Export Import and General Trading

 

Production Capacity :

None

 

Total Investment :

None

 

Started Operation :

April 2012

 

Brand Name :

None

 

Technical Assistance :

None

 

Number of Employee :

6 persons

 

Marketing Area :

Export      - 50%

Local      - 50%

 

Main Customer :

Buyers in India, USA, Japan and local distributors

 

Market Situation :

Very Competitive

 

Main Competitors :

a. P.T. FORBESTINDO INTITAMA

b. P.T. HOME DECOR

c. P.T. WAHANAKARYA SUPPLAINDO

d. P.T. KENCANA GRAHA GLOBAL

e. Etc.

 

Business Trend :

Growing

 

 

BANKER, AUDITOR & LITIGATION

 

Banker :

STANDARD CHARTERED Bank

Wisma Standard Chartered Bank

Jalan Jend. Sudirman No. 33 A

Jakarta Pusat

Indonesia

 

Auditor :

Internal Auditor

 

Litigation :

No litigation record in our database

FINANCIAL FIGURE

 

Annual Sales (estimated) :

2011 – None


Net Profit (estimated) :

2011 – None

 

Payment Manner :

No Comment

 

Financial Comments :

No Comment

 

 

KEY EXECUTIVES

 

Board of Management :

President Director                            - Mr. Suresh Kishichand Chandiramani

Director                                           - Mrs. Kharisma Suresh Chandiramani

 

Board of Commissioner:

Commissioner                                 - Mr. Kishinchand Moolchand Chandiramani

 

Signatories :

President Director (Mr. Suresh Kishinchand Chandiramani) or the Director (Mrs. Kharisma Suresh Chandiramani) which must be approved by board of commissioner

 

 

CAPABILITIES

 

Management Capability :

Fairly

 

Business Morality :

Fairly

 

Credit Risk

Above average

 

Credit Recommendation :             

Credit should be extended under guarantee

 

OVERALL PERFORMANCE

 

P.T. KHARISMA SATYA JAYA (P.T. KSJ) was incorporated in Jakarta based on notary deed of Titiek Irawati Sugianto, SH., No. 9 dated 11 January 2012 with an authorized capital of Rp. 1,000,000,000.- of which Rp. 750,000,000.- was issued and fully paid up.  The founding shareholders of the company are Mr. Suresh Kishinchand Chandiramani (40%), his wife Mrs. Kharisma Suresh Chandiramani (40%) and his father Mr. Kishinchand Moolchand Chandiramani (20%).  They are Indonesian businessmen/woman of Indian descent.   The company notary act was approved by the Ministry of Law and Human Rights in its Decision Letter No. AHU-04859.AH.01.01.Tahun 2012 dated 31 January 2012.  No changes have been effected in term of its shareholding composition and capital structures to date.

 

We observe that  the founder and the majority share owner of the company namely Mr. Suresh Kishinchand Chandiramani,is also the founder and the majority business stake owner of P.T. AMESH INDAH INTERNATIONAL dealing with export import of steel and iron, chemical, alumina hydrate and garment products and P.T. ISPAK (import, export and general trading).

 

Pursuant to the company’s notary deed, P.T. KSJ engaged to operate in trading, import-export, distribution, supplier, transportation, agriculture, forestry, industry and services.   The Company’s registered office located at Jalan Pintu Air No. 38-C, Central Jakarta and the company can open branch offices or representative offices at home and abroad.

 

But, we observed that the company’s head office located at TCT Building, 11th Floor, Jl. M.H. Thamrin No. 81, Central Jakarta.  P.T. KSJ has been in operation April 2012 dealing with export-import and general trading of agriculture products such as cocoa beans, nutmeg, mace, clove, spice, gum rosin, turpentine oil, dammar and others.  We observe that P.T. KSJ is classified as a new company of its kind in the country of which the operation has been growing slowly. But, Mr. Suresh Kishinchand Chandiramani (president director of the company) is a businessman of Indian origins who experienced for more than 25 years in the field of export-import and general trading. He is also as president director of PT. Istana Palapa Kertas (PT. ISPAK).

 

The financial condition of the company is appraised to be less strong and its financial condition at present is as the paid up capital of Rp. 750.0 million as stated in the articles of association of the company. The financial condition of the company still depends on the financial condition of its shareholders. P.T. KSJ is supported by a businessman of financially strong and healthy.  So far we have never heard that the company registered with the black list of Bank of Indonesia (Central Bank) or involved in the civil case that settled through the country court.

 

Pursuant to the Company’s notary deed, P.T. KSJ is headed Mr. Suresh Kishinchand Chandiramani (53) as President Director. In daily activities, he is assisted by his wife Mrs. Kharisma Suresh Chandiramani (48) as Director. So far, we did not hear that the company’s management involved in a business malpractices 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 observed that the company’s management is not actively joined in any political party activity in the country.

 

Considering P.T. KHARISMA SATYA JAYA is still relatively new operation, we recommend to treat prudently in extending new loan to the company.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.73

UK Pound

1

Rs.87.26

Euro

1

Rs.69.89

 

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%)

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.