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Report Date : |
31.10.2012 |
IDENTIFICATION DETAILS
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Name : |
P.T. QUANTUM ALPHA CEMERLANG |
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Registered Office : |
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Country : |
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Date of Incorporation : |
20.02.1995 |
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Com. Reg. No.: |
No. C-25177.HT.01.04.TH.2003 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading and Distribution of Industrial Chemicals |
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No. of Employees : |
15 persons |
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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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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 (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
Source : CIA
P.T. QUANTUM
ALPHA CEMERLANG
Head Office
Komplek Intercon
Plaza Block F No. 21
Jalan Meruya Ilir
14
Srengseng,
Kembangan
Jakarta Barat,
11630
Indonesia
Phones -
(62-21) 585 7850, 585 7851-52
Fax - (62-21) 589 6088
E-mail - quantumac@centrin.co.id
Building Area - 2 storey
Office Space - 100 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation :
20 February 1995
Legal Form :
P.T. (Perseroan
Terbatas) or Limited Liability Company
Company Reg.
No. :
The Ministry of Law and Human Rights
- No. C2-5058.HT.01.01.TH.95
Dated 26 April 1995
- No. C2-5030.HT.01.04.TH.99
Dated 23 March 1999
- No. C-25177.HT.01.04.TH.2003
Dated 22 October 2003
Company Status
:
Private National
Company
Permit by the
Government Department :
The Department of Finance
NPWP No.
01.724.403.9-035.000
The Department of Industry and Trade
TDP No.
09.02.1.51.14625
Dated 12 April
2005
Related
Company :
None
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. Gunawan -
Rp. 90,000,000.-
Address : Taman
Alfa Indah Block K1/10, RT. 009 RW. 007
Kelurahan
Petukangan Utara, Kecamatan
Pesanggrahan,
Jakarta Barat
Indonesia
b. Mr. Oded
Sugiarto Dharmaraksita Oman Sumedha -
Rp. 84,000,000.-
Address : Jl. Sridara No. 15, RT. 003 RW.
002
Kelurahan Cigereleng,
Kecamatan Regol
Bandung,
West Java
Indonesia
c. Mr. Kurnia Budiman - Rp.
81,000,000.-
Address :
Taman Alfa Indah F5/32, RT. 011 RW. 005
Kelurahan Joglo, Kecamatan Kembangan
Jakarta Barat
Indonesia
d. Mr. Josef
Sutisna Jajad Prasetia -
Rp. 45,000,000.-
Address : Jl. Sumbawa Kaveling
Perusahaan Tanah
Dan Bangunan (PTB) No. 22, RT.
002 RW. 008
Kelurahan Tegal
Alur, Kecamatan Kalideres
Jakarta Barat
Indonesia
Lines of
Business :
Trading and Distribution
of Industrial Chemicals
Production
Capacity :
None
Total
Investment :
None
Started
Operation :
1995
Brand Name :
Quantum Alpha
Cemerlang
Technical
Assistance :
None
Number of
Employee :
15 persons
Marketing Area
:
Local - 100%
Main Customer
:
a. Food Processing Industries
b. Personal Care Industries
c. Pharmaceutical Industries
Market
Situation :
Very Competitive
Main
Competitors :
a. P.T. ASRIKIMIA
UTAMA
b. P.T. INDAMA PUTERA JAYA
c. P.T. KHARINDO PRAKARSA
d. P.T. VITA TATA CHEMIKA
e. Etc.
Business Trend
:
Growing
B a n k e r :
P.T. Bank CENTRAL
ASIA Tbk
Ruko Intercon Plaza Block B 6-7
Jalan Meruya Ilir
14
Jakarta Barat
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation record
in our database
Annual Sales
(estimated) :
2009 – Rp. 11.3
billion
2010 – Rp. 12.2
billion
2011 – Rp. 13.4
billion
2012 – Rp. 7.3 billion (January – June)
Net Profit
(estimated) :
2007 – Rp. 678
million
2008 – Rp. 732
million
2009 – Rp. 804
million
2012 – Rp. 438
million (January – June)
Payment Manner
:
Average
Financial
Comments :
Satisfactory
Board of Management :
President Director - Mr. Gunawan
Directors -
a. Mr. Josef Sutisna Jajad Prasetia
b. Mrs. Ir. Aida Hindrajati Nugraha
Board of Commissioners :
President Commissioner -
Mr. Oded Sugiarto Dharmaraksita Oman Sumedha
Commissioner -
Mr. Kurnia Budiman
Signatories :
President Director (Mr. Gunawan)
or one of the Directors (Mr. Josef Sutisna Jajad Prasetia or Mrs. Aida
Hindrajati Nugraha) which must be approved by Board of Commissioner
Management Capability :
Satisfactory
Business Morality :
Satisfactory
Credit Risk :
Average
Credit Recommendation :
Credit should be proceeded with monitor
Proposed
Credit Limit :
Small amount –
periodical review
Based on
investigation the correct name of the Subject is P.T. QUANTUM APLHA CEMERLANG
not P.T. QUANTUM ALPHA CEERLONG as stated in your order ref. no. 198830 dated
30 October 2012.
P.T. QUANTUM
ALPHA CEMERLANG (P.T. QAC) was incorporated in Jakarta in February 1995 with
the authorized capital of Rp. 225,000,000 wholly issued and paid up. The founding
and shareholders of the company are Mr. Gunawan, Mr. Kurnia Budiman, Mr. Oded
Sugiarto Dharmaraksita Oman Sumedha, and Mr. Josef Sutisna Jajad Prasetia, they
are Indonesian businessmen of Chinese extraction. The company notary deed had
been changed a couple of times and according to the latest revision of notary
documents of Mrs. Liliana Indrawati Tanudjaja, SH., No. 5 dated 10 July 2003
the company authorized capital was raised to Rp. 300,000,000 wholly issued and
paid up. With this development the composition of its shareholders has been
changed to become Mr. Gunawan (30%), Mr. Oded Sugiarto Dharmaraksita Oman
Sumedha (28%), Mr. Kurnia Budiman (27%) and Mr. Josef Sutisna Jajad Prasetia
(15%). The deed of amendments was approved by the Ministry of Law and Human
Rights in its decision letter No. C-25177.HT.01.04.TH.2003 dated October 22,
2003.
P.T. QAC is a
private national company started to be operating since 1995 to be engaged in
the field of trading, import, supply and distribution of industrial chemicals.
The company sells of industrial chemicals such as food colours, personal care
colours, pharma colours, industrial colours and flavours. The company is an
authorized distributor of UNIVAR COLOUR of the United Kingdom. Focusing on the
supply of colour to the food, pharmaceutical and personal care industries, P.T.
QAC (UNIVAR Colour) has a distribution network that ensures that they can meet
customers demands no matter where they are in the country. The food colour
range consists of a wide range of synthetic Edicol water soluble dyes as well
as a huge range of natural colours and new clean label plant extracts. Personal
Colour specializes in colours for toiletries and cosmetics. With Edicol water
and oil soluble dyes, Cogilor organic and inorganic pigments and a large range
of customer specific Iron oxide blends. Industrial Colours, Elite colour
solutions are the latest in innovation from UNIVAR UK., a complete range for
dyes and pigments. Flavour product line comprises natural flavours for use in
the food and pharmaceutical industry. The products are available in either
liquid or powder form. Mrs. Ir. Aida Hindrajati Nugraha, Director of P.T. QAC
explained the whole products supplied to various food processing industry,
personal care industry, pharmaceutical industry among others are ORANG TUA
Group, P.T. INDOFOOD CBP SUKSES MAKMUR Tbk, P.T. PRATAPA NIRMALA and others.
Besides, some of the products marketed through chemical distributors and shops
in Bandung, Semarang, Surabaya, Medan and other cities. We observe P.T. QAC is
classified a small size company of its kinds in the country which operation has
been growing slowly in the last three years.
The domestic
demand for various types of chemical products had been rising by 8% to 10% on
the average per annum in the last five years in line with the rapid growth of
various industrial sectors including paint industry, plastic, ink, textile,
rubber, printing and others in the above period of times as the consumers. But,
later dwindled as the global economic slowdown since October 2008, followed by
tight money policy imposed by Indonesian Central Bank (Bank Indonesia) and also
heated by political issue in the country. The demand growth started to awake in
June 2009 in line with the amelioration of economic condition in the
country. Market competition is very
tough on account of large number of other similar companies operating in the
country. P.T. QAC business position in this case is not too badly because it
has built regular customers and extensive marketing network all across the
country.
Imports of Raw Materials and Auxiliary Goods, 2004-2011
|
Year |
Food and Beverages Mainly for
Industry (Million US$) |
Raw Materials for Industry (Million US$) |
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Primary |
Processed |
Primary |
Processed |
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|
2004 |
1,456.7 |
568,6 |
2,236.3 |
15,357.8 |
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|
2005 |
1,325.3 |
830,4 |
2,064.0 |
17,407.0 |
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|
2006 |
1,352.2 |
909,1 |
2,438.7 |
18,050.7 |
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|
2007 |
2,079.1 |
1,537.1 |
2,827.4 |
21,759.1 |
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|
2008 |
3,244.5 |
1,271.6 |
4,722.3 |
40,312.9 |
|
|
2009 |
2,640.9 |
1,582.0 |
2,901.7 |
29,248.7 |
|
|
2010 |
3,074.8 |
2,165.9 |
4,539.5 |
41,714.3 |
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2011 |
4,186.7 |
3,330.2 |
6,813.2 |
53,409 |
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Source: Central
Bureau of Statistic (BPS)
Until this time P.T.
QAC has not been registered with Indonesian Stock Exchange, so that they shall
not obliged to announce their financial statement. The management of P.T. QAC
is very reclusive towards outsiders and rejected to disclose its financial
condition. We observed that total sales turnover of the company in 2009
amounted to Rp. 11.3 billion rose to Rp. 12.2 billion in 2010 increased to Rp.
13.4 billion in 2011. As from January to June 2012 the sales turnover has
reached at least Rp. 7.3 billion with a net profit of Rp. 438 million and
projected to go on rising by at least 5% in 2013. The company has an estimated
total networth of at least Rp. 1.5 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. QAC is led by Mr. Gunawan (58) a businessman and professional manager
with experience in trading, import and distribution of industrial chemicals.
Daily activity he is assisted by his wife Mrs. Ir. Aida Hindrajati Nugraha (60)
and also handled by Mr. Josef Sutisna Jajad Prasetia (71) as Directors. 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. QUANTUM ALPHA
CEMERLANG is sufficiently fairly good for business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
|
1 |
Rs.86.83 |
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Euro |
1 |
Rs.69.85 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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 |
|
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 |
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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 |
|
-- |
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.