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Report Date : |
19.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
P.T. BUANA TUNAS SEGARA SUBUR |
|
|
|
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Registered Office : |
Jalan Perak
Timur 512 Block C – 9, |
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Country : |
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Date of Incorporation : |
30.10.2008 |
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|
|
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Com. Reg. No.: |
No.
AHU-08121.AH.01.01.2009 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Trading, Import and Distribution of Garlic, Red Onion, Leek Onion, and
Ground Nut |
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No. of Employees : |
12 employees |
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 |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Indonesia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Indonesia - ECONOMIC OVERVIEW
Indonesia, a vast polyglot nation, grew an estimated 6.1% and 6.4% in 2010
and 2011, respectively. The government made economic advances under the first
administration of President YUDHOYONO (2004-09), introducing significant
reforms in the financial sector, including tax and customs reforms, the use of
Treasury bills, and capital market development and supervision. During the
global financial crisis, Indonesia outperformed its regional neighbors and
joined China and India as the only G20 members posting growth in 2009. The
government has promoted fiscally conservative policies, resulting in a
debt-to-GDP ratio of less than 25%, a small current account surplus, a fiscal
deficit below 2%, and historically low rates of inflation. Fitch and Moody's
upgraded Indonesia's credit rating to investment grade in December 2011.
Indonesia still struggles with poverty and unemployment, inadequate
infrastructure, corruption, a complex regulatory environment, and unequal
resource distribution among regions. The government in 2012 faces the ongoing
challenge of improving Indonesia's insufficient infrastructure to remove
impediments to economic growth, labor unrest over wages, and reducing its fuel
subsidy program in the face of rising oil prices.
|
Source : CIA |
P.T. BUANA TUNAS SEGARA
SUBUR
Head Office
Jalan Perak Timur
512 Block C - 9
Surabaya, 60165
East Java
Indonesia
Phones -
(62-31) 329 2260 (Hunting)
Fax - (62-31) 328 3276
E-mail - lintasbuana.sby@gmail.com
Building Area - 2 storey
Office Space - 100 sq. meters
Region - Commercial
Building
Status - Rent
Branch
Jalan Pangeran
Jayakarta No. 68 Block A - 18
Jakarta Pusat, 19730
Indonesia
Phones -
(62-21) 6264733 (Hunting)
Fax - (62-21) 6281215
E-mail - tunasself@yahoo.com
Building Area - 2 storey
Office Space - 120 sq. meters
Region - Commercial
Building
Status - Rent
30 October 2008
P.T. (Perseroan Terbatas)
or Limited Liability Company
The Ministry of
Law and Human Rights
No.
AHU-08121.AH.01.01.2009
Dated 19 March
2009
Private National
Company
The Department of
Finance
NPWP No.
02.817.282.3-613.000
a. P.T. LINTAS BUANA UNGGUL (Trading, Import and
Distribution of Agricultural Commodities)
b. P.T. TUNASUTAMA SARIPERKASA (Trading and
Distribution of Agricultural Commodities)
Capital
Structure :
Authorized
Capital : Rp.
3,000,000,000.-
Issued Capital : Rp. 750,000,000.-
Paid up Capital : Rp. 750,000,000.-
Shareholders/Owners
:
a. Mr. Ifan
Effendy -
Rp. 675,000,000.-
Address : Jl. Pangeran Jayakarta
68/A - 18
Mangga Dua Selatan, Jakarta
Pusat
Indonesia
b. Mrs.
Rossaria Widhawati Widayat - Rp. 37,500,000.-
Address : Jl. Ploso 9 No. 1,
RT. 009 RW. 05
Kel. Ploso,
Kec. Tambaksari
Surabaya, East Java
Indonesia
c. Mr. Chandra
Wijaya Muchtar - Rp. 37,500,000.-
Address : Menteng Raya Panjang RT. 07/014
Kel. Menteng Atas, Kec. Setiabudi
Jakarta Selatan
Indonesia
Lines of
Business :
Trading, Import
and Distribution of Garlic, Red Onion, Leek Onion, and Ground Nut
Production Capacity :
None
Total Investment :
None
Started
Operation :
2009
Brand Name :
Buana Tunas Segara
Subur
Technical
Assistance :
None
Number of
Employee :
12 persons
Marketing Area
:
Local - 100%
Main Customer
:
Traditional
Market
Market
Situation :
Very Competitive
Main
Competitors :
a. ANUGRAH PANGAN
b. P.T. ASIA
AGROMAS ABADI
c. C.V. BUMI DJAJA
d. C.V. PUTRA NUSA
Business Trend
:
Growing
Banker :
P.T. Bank PANIN
Tbk
- Jalan Pangeran Jayakarta
Jakarta Pusat
Indonesia
- Jalan perak Timur 242
Surabaya, East Java
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
Annual Sales
(estimated) :
2009 – Rp. 12.5
billion
2010 – Rp. 13.5
billion
2011 – Rp. 14.2
billion
2012 – Rp. 7.8 billion (January – June)
Net Profit
(estimated) :
2009 – Rp. 625
million
2010 – Rp. 650
million
2011 – Rp. 721
million
2012 – Rp. 468
million (January – June)
Payment Manner
:
Average
Financial
Comments :
Satisfactory
Board of Management :
President Director - Mrs. Rossaria Widhawati Widayat
Director -
Mr. Chandra Wijaya Muchtar
Board of Commissioners :
Commissioner -
Mr. Ifan Efendy
Signatories :
President Director (Mrs.
Rossaria Widhawati Widayat) or the Director (Mr. Chandra Wijaya Muchtar) which
must be approved by Board of Commissioner
Management Capability :
Good
Business Morality :
Satisfactory
P.T. BUANA TUNAS SEGARA SUBUR (P.T. BTSS) was incorporated in Surabaya, East Java on October 30, 2008 with the authorized capital of Rp. 3,000,000,000 issued capital of Rp. 750,000,000 entirely paid up. The founding shareholders of the company are Mr. Ifan Effendi, Mrs. Rossaria Widhawati Widayat and Mr. Chandra Wijaya Muchtar. They are Indonesian businessmen of Chinese descent. Based on our knowledge up to writing the report the company notary documents of the company have not undergone any changes. The company notary deed was made by Mr. Nelson Eddy Tampubolon, SH., a public notary in Surabaya and was approved by the Ministry of Law and Human Rights in its decision letter No. AHU-08121.AH.01.01.TH.2009 dated March 19, 2009.
We observe that the majority share is controlled by Mr. Ifan Effendi. He is also business stakes owner of P.T. LINTAS BUANA UNGGUL and P.T. TUNASUTAMA SARIPERKASA both are engaged in the field of trading, import and distribution of agricultural commodities products.
P.T. BTSS has been operating since 2009 to deal with trading, export import and distribution of agricultural commodities products. Mrs. Rossaria Widhawati Widayat, President Director of P.T. BTSS disclosed the merchandising goods products including are garlic, ground nuts and red onion. She also added the agricultural commodities products like garlic is imported from China, ground nuts from India. Besides, the other products likes red onion is obtained from Brebes (Central Java) and East Java and exported to Singapore. Mrs. Rossaria added the company has exported spices to China, Thailand, Vietnam and Myanmar and it’s depends of the order bases from the customers and buyers. Then, the whole product likes garlic and groundnut marketed locally through traditional market in Jakarta, East Java and Sumatra. We observed that P.T. BTSS’s operation has been growing and developing well 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. BTSS to be in a quite favorable position for having already got hold of a steady clientele in the Jakarta, Java and Sumatra.
P.T. BTSS 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 2009 amounted to Rp. 12.5 billion rose to Rp. 13.5 billion in 2010 to Rp. 14.2 billion. As from January to June 2012 the sales turnover has reached at least Rp. 7.8 billion with a net profit of Rp. 468 million and projected to go on rising by at least 4% in 2013. The company has an estimated total net worth of at least Rp. 3.0 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. BTSS is led by Mrs. Rossaria Widhawati Widayat (37) a businesswoman and professional manager with experience in trading, import and distribution of agriculture commodities products. Daily operation he is assisted by Mr. Chandra Wijaya Muchtar (26) as a director. The management is handled by experienced staff in this business, having maintained a wide business relation with private businessmen at home and abroad as well as with government sectors. So far, we did not hear 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. P.T. BUANA TUNAS SEGARA SUBUR is sufficiently fairly good for business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.99 |
|
UK Pound |
1 |
Rs.87.21 |
|
Euro |
1 |
Rs.70.22 |
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.