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Report Date : |
18.10.2012 |
IDENTIFICATION DETAILS
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Name : |
P.T. BAROKAH MANDIRI JAYA |
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Registered Office : |
Jalan Raya
Prof. DR. Hamka No. 1 A Kelurahan Tambakaji, Kecamatan Ngaliyan Semarang,
50185 Central Java |
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Country : |
Indonesia |
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Date of Incorporation : |
12.08.2000 |
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Com. Reg. No.: |
No. AHU-45406.AH.01.02.TH.2012 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading and Export of Agricultural Products |
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No. of Employees : |
8 persons |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Indonesia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
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 |
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. BAROKAH MANDIRI JAYA
Head Office
Jalan Raya Prof. DR. Hamka No. 1 A
Kelurahan Tambakaji, Kecamatan Ngaliyan
Semarang, 50185
Central Java
Indonesia
Phones - (62-24) 70794562, 7621017
(Can not be contacted for the moment)
Fax - (62-24) Not Available
Building Area - 1 storey
Office Space - 120 sq. meters
Region - Industrial
Zone
Status - Rent
Date
of Incorporation :
12
August 2000
Legal
Form :
P.T.
(Perseroan Terbatas) or Limited Liability Company
Company Reg. No. :
The Ministry of Law and Human Rights
- No. C-18294 HT.01.01.TH.2001
Dated 5 November 2001
- No. AHU-45406.AH.01.02.TH.2012
Dated 27 August 2012
Company
Status :
Private
National Company
Permit by the Government Department :
The Department of Finance
NPWP
No. 01.979.702.6-503.000
Related
Company :
None
Capital
Structure :
Authorized
Capital : Rp.
60,000,000.-
Issued
Capital :
Rp. 60,000,000.-
Paid
up Capital :
Rp. 60,000,000.-
Shareholders/Owners
:
a. Mrs. Nafisah Ismail - Rp.
20,000,000.-
Address : Jl. Layur No. 66, RT. 007 RW. 004
Kel. Dadapsari, Kec. Semarang Utara
Cemarang, Central Java
Indonesia
b. Mrs. Aisyah - Rp.
20,000,000.-
Address : Jl. Prof. DR. Hamka No. 1
Kel. Tambakaji, Kec.
Ngaliyan
Semarang, Central Java
Indonesia
c. Mrs. Shenaz - Rp.
20,000,000.-
Address : Jl. Dorang No. 1
Kel. Dadapsari, Kec. Semarang Utara
Cemarang,
Central Java
Indonesia
Lines
of Business :
Trading
and Export of Agricultural Products
Production
Capacity :
None
Total
Investment :
None
Started
Operation :
2001,
however currently the telephone number was error and can not be contacted
Brand
Name :
None
Technical
Assistance :
None
Number
of Employee :
8
persons
Marketing
Area :
Export -
100%
Main
Customer :
Buyers
in Singapore, Malaysia, China and India
Market
Situation :
Very
Competitive
Main
Competitors :
a.
C.V. BIOLA JAYA
b.
P.T. ISPAK
c.
P.T. ASIA AGROMAS ABADI
d.
P.T. GLOBAL VISION IMPEX
e.
Etc.
Business
Trend :
No
Comment
B a n k e r s :
a. P.T. Bank MANDIRI Tbk
Semarang Main Branch
Central Java
Indonesia
b.
P.T. Bank NEGARA INDONESIA Tbk
Semarang Main Branch
Central Java
Indonesia
Auditor
:
Internal
Auditor
Litigation
:
No
litigation record in our database
Annual
Sales (estimated) :
Unknown
Net
Profit (Loss) :
Unknown
Payment
Manner :
Unknown
Financial Comments :
Weak
Board
of Management :
President Director - Mrs. Nafisah Ismail
Director -
Mrs. Aisyah
Board
of Commissioner :
Commissioner - Mrs. Shenaz
Signatories :
President
Director (Mrs. Nafisah Ismail) or the Director (Mrs. Aisyah) which must be
approved by Board of Commissioner
Management
Capability :
Weak
Business
Morality :
Prudent
Credit
Risk :
Very High
Credit
Recommendation :
Not qualified for credit assessment
Proposed Credit Limit :
Deposit
or Advance Payments
Based
on investigation results to the above address Jalan Kliwon 1 No. 66 A,
Tambakaji, Ngaliyan, Semrang, Central Java was not found. According information
previously the company address also located at Jalan Kliwon 1 No. 66 A, Tambakaji,
Ngaliyan, Semarang, Central Java, and after contacted frequently the telephone
number can not be contacted and error. Besides, according information from
Telkom Information Semarang, the Subject is not registered in Semarang, Central
Java.
However
pursuant to the company notary deed, P.T. BAROKAH MANDIRI JAYA registered at
Jalan Raya Prof. Dr. Hamka No. 1 A, Tambakaji, Ngaliyan, Semarang, Central Java
with telephone number (62-24) 70794562 and 7621017. However after contacted
several times the telephone number has yet been active temporarily.
P.T.
BAROKAH MANDIRI JAYA (P.T. BMJ) was established in Semarang, Central Java on 12
August 2000 with the authorized capital of Rp. 30,000,000 entirely issued and
paid up. The founding shareholders of the company are Mrs. Nafisah Ismail, Mrs.
Shenaz and Mrs. Aisyah. They are indigenous businessmen. The deed of amended
was made by Mr. Muhammad Hafidh, SH, a public notary in Semarang, under Company
Registration Number C-18294.HT.01.01.TH.2001, dated November 15, 2001. The
company notary documents has been changed and according to the latest revision
of notary documents of Mr. Sugeng Budiman, SH., No. 70 dated 19 July 2012 the
company authorized capital was increased to Rp. 60,000,000 wholly issued and
paid up. With this development the composition of its shareholders has been
changed to become Mrs. Nafisah Ismail (33.33%), Mrs. Aisyah (33.33%) and Mrs.
Shenaz (33.33%). The deed of amendments was approved by the Ministry of Law and
Human Rights in its decision letter No. AHU-45406.AH.01.02.TH.2012 dated August
27, 2012.
Previously
P.T. BMJ started with operation since 2001 in the field of trading and exporter
of agricultural products. The agricultural products are cashew nut, ginger,
cubebs, long pepper and other agricultural products. The whole agricultural
product was bought from farmer in East Java, Madura Island, Central Java and
others island of Indonesia. Some of the products is bought from PD. RAJA AGUNG
in Semarang, Central Java. Then, the whole products are exported to Malaysia,
China and India. Mrs. Nafisah Ismail, the director and owner of the company
explained (when contacted on 11 April 2008) that the whole products are
exporter under job order from their buyers in Malaysia, China and India.
Besides, according information from other sources (internet) we found
information P.T. BMJ engaged in exporter and suppliers of coconut oil and its
byproducts, spices, fresh fruits, pineapple fruits, mangosteen fruits. These
comprise Fresh Mature Coconut, coconut fiber, copra, coconut charcoal, coconut
charcoal briquettes, coconut oil, virgin coconut oil, coconut peat, desiccated
coconut, nutmeg, clove, cinnamon, cinnamon powder, ginger, turmeric, curcuma,
mango, salacca, watermelon, melon, dragon fruits, bean, cabbage, sweet potato,
spinach, eggplant, radish, tomatoes, mustard, tea and coffee. However,
currently we didn’t know the complete address of the company.
We
refrain from informing business prospect of P.T. BMJ because of having yet
found the complete address up to present. In view of having yet to be unknown
the complete address, the company’s financial condition is as much as the
company’s issued capital worth Rp. 60,000,000. We find that the company’s
financial condition still depends on the financial condition of its
shareholders being supported by the businessmen behind it.
Based
to the company notary deed, the management of P.T. BMJ is led by Mrs. Nafisah
Ismail (38) as President Director, Mrs. Aisyah (42) as Director, and Mrs.
Shenaz (36) as Commissioner. The management will eventually be handled by
professional managers having wide relation with overseas and national private
businessmen as well as with the government sectors. In view of P.T. BAROKAH
MANDIRI JAYA having yet to be unknown the complete address, we recommend that a
high degree of prudence be observed in business transactions and adequate
collateral from its shareholders be acquired in extending a new loan to the
company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.75 |
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|
1 |
Rs.85.07 |
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Euro |
1 |
Rs.69.04 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
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 |
-- |
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.