|
Report Date : |
10.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
P.T. WILMAR NABATI INDONESIA |
|
|
|
|
Registered Office : |
B&G Tower, 9th Floor Jalan Putri Hijau No. 10
Medan,
20111 North Sumatra |
|
|
|
|
Country : |
Indonesia |
|
|
|
|
Date of Incorporation : |
11.02.2011 |
|
|
|
|
Legal Form : |
Limited
Liability Company |
|
|
|
|
Line of Business : |
·Edible Oil and Non Edible Oil
(Oleochemical) Manufacturing ·
Storage Tanks Development and Management |
|
|
|
|
No. of Employees : |
2,892 |
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 |
|
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 more than 6%
annually in 2010-12. 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 fiscal deficit below 3%, 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
2013 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 high oil prices
Source
: CIA
P.T. WILMAR NABATI INDONESIA
Head Office
B&G Tower, 9th
Floor
Jalan Putri Hijau
No. 10
Medan, 20111
North Sumatra
Indonesia
Phones -
(62-61) 4102 7777, 4102 5777, 8001 0055
Fax - (62-61) 414 3150, 414 5346, 415 4891
E-mail - hendri@kpn.co.id
Building Area - 15 storey
Office Space - 100 sq. meters
Region - Commercial
Status -
Rent
Plantation
Sites
a. Bukit Kapur
Desa Bukit
Kapur Km. 28 No. 24, Kecamatan Bukit Kapur
Bengkalis
Regency
Riau Province
b. Rantau Benar
Desa Rantau
Benar, Kecamatan Pembantu Mariung
Tanjung Jabung Regency
Jambi Province
Factories
a. Jalan Datuk
Laksamana No. 2
Area Perkebunan Dumai
Dumai Regency
Riau Province
Phones -
(62-765) 33533, 33396, 38743
Fax
- (62-765)
33553
Land Area -
120,000 sq. meters
Building Space - 50,000 sq. meters
Region -
Industrial Zone
Status - Owned
b. Jalan Kapten Darmo Sugondo No. 56
Kelurahan Indro, Kecamatan
Kebomas
Gresik, 61124
East Java
Phones - (62-31) 3989101 (Hunting)
Fax -
(62-31) 3978922
E-mail - syahrial.gresik@wilmar.co.id
Land Area - 750,000 sq. meters
Building Space - 50,000 sq. meters
Region - Commercial
Status - Owned
Date of Incorporation :
a. 5
October 1988 as P.T. BUKIT KAPUR REKSA
b. 11
February 2011 as P.T. WILMAR NABATI INDONESIA
Legal Form :
P.T. (Perseroan Terbatas) or Limited
Liability Company
Company Reg. No. :
The Ministry of Law and Human Rights
- No.
C2-6876 HT.01.01.TH.89
Dated
29 July 1989
- No.
AHU-09439.AH.01.02.TH.2011
Dated
23 February 2011
- No.
AHU-AH.01.10-35552
Dated
1 October 2012
- No.
AHU-17789.AH.01.02.TH.2013
Dated
5 April 2013
- No.
AHU-AH.01.10-17643
Dated
7 May 2013
Company Status :
Foreign Investment (PMA) Company
Permit by the Government Department
:
The Department of Finance
NPWP No. 01.269.805.6-092.000
The Capital Investment Coordinating Board
- No.
13/V/PMA/1993
Dated
7 June 1993
- No.
2/II/PMA/1994
Dated
3 January 1994
- No.
280/III/PMA/1994
Dated
18 July 1994
- No.
156/II/PMA/1994
Dated
21 September 1994
- No.
1411/III/PMA/1999
Dated
20 October 1999
- No.
269/II/PMA/1999
Dated
10 December 1999
- No.
61/II/PMA/2004
Dated
16 April 2004
- No.
224/II/PMA/2004
Dated
16 December 2004
Related Company :
A Member Company of the WILMAR Group
(see attachment)
Capital Structure :
Authorized Capital : Rp.
35,300,000,000.-
Issued Capital : Rp.
35,300,000,000.-
Paid up Capital : Rp.
35,300,000,000.-
Shareholders/Owners :
a. TRADESOUND INVESTMENTS LIMITED -
Rp. 33,535,000,000.-
Address :
PO Box. 71, Craigmuir
Charmbers Road Town
Tortola, British Virgin
Island
b. WILMAR INTERNATIONAL LIMITED -
Rp. 1,765,000,000.-
Address : Bukit Pasoh Shop House
56 Neil Road
Singapore, 088830
Lines of
Business :
a. Edible Oil and Non Edible Oil (Oleochemical)
Manufacturing
b. Storage Tanks Development and Management
Production
Capacity :
Dumai Plant
a. RBD
Refinery - 926,520 tons p.a.
b. Crude
Palm Oil - 239,300 tons p.a.
c. RBD
Olein, Stearine, Palm Kernel
Oil -
1,814,520 tons p.a.
d. Palm
Kernel - 20,000 tons p.a.
e. Palm
Kernel Expeller - 140,000 tons p.a.
f. Drums
(20 liters) -
2,400,000 tons p.a.
g. Palm
Fatty Acid Distillate (PFAD) - 42,900 tons p.a.
h. Cocoa
Butters - 60,000 tons p.a.
i. Shortening
and Margarine - 47,520 tons p.a.
j. Palm
Kernel Oil (PKO) - 70,950 tons p.a.
k. Storage
Tanks
- RBD Olein Tanks -
962,000 tons p.a.
- RBD Stearine -
273,000 tons p.a.
- PFAD Tanks -
65,000 tons p.a.
Gresik Plant
a. Refine
Bleach Deodorized Palm Oil -
126,356 tons p.a.
b. Palm
Fatty Acid Distillate (PFAD) - 11,614 tons p.a.
c. Refine
Bleach Deodorized Palm Stearine -
25,271 tons p.a.
d. Refine
Bleach Deodorized Palm Olein -
101,085 tons p.a.
e. Hydrogenated
Palm Oil - 125,092 tons p.a.
f. Refine Hydrogenated Palm Oil - 118,838 tons p.a.
g. Palm
Kernel Fatty Acid Distillate - 1,909 tons p.a.
h. Crude
Palm Kernel Oil - 10,933 tons p.a.
i. Refine Bleach Deodorized Palm Kernel Oil -
10,387 tons p.a.
j. Crude Palm Kernel Olein - 7,107 tons p.a.
k. Crude
Palm Kernel Stearine - 3,827 tons p.a.
l. Refine Bleach Deodorized Palm Kernel Olein -
6,751 tons p.a.
m.Refine
Bleach Deodorized Palm Kernel Stearine - 3,635 tons p.a.
n. Hydrogenated
Palm Kernel Oil - 10,283 tons p.a.
o. Hydrogenated
Palm Olein - 6,684 tons p.a.
p. Hydrogenated
Palm Kernel Stearine -
3,599 tons p.a.
q. Refine
Hydrogenated Palm Kernel Olein -
6,350 tons p.a.
r. Refine Hydrogenated Palm Kernel Stearine -
3,419 tons p.a.
s. Refine
Hydrogenated Palm Kernel Oil - 9,769 tons p.a.
Total Investment :
Dumai Plant
a. Equity
Plant - Rp. 35.3 billion
b. Loan
Capital - Rp. 975.9 billion
c. Total
Investment - Rp. 1,011.2 billion
Gresik Plant
a. Equity
Plant - None
b. Loan
Capital - Rp. 360.0 billion
c. Total
Investment - Rp. 360.0 billion
Started Operation :
1995
Brand Name :
SANIA, SOVIA and FORTUNE
Technical Assistance :
WILMAR International Singapore
Number of Employee :
2,892 persons
Marketing Area :
Local - 80%
Export -
20%
Main Customer :
Buyers in Europe Union and the USA
Market Situation :
Very Competitive
Main Competitors :
a. P.T. DUA KUDA INDONESIA
b. P.T. CISADANE RAYA CHEMICALS
c. P.T. ECOGREEN OLEOCHEMICALS
d. P.T. FLORA SAWITA CHEMINDO
e. P.T. MUSIM
SEMI MAS
f. P.T.
SALIM IVOMAS PRATAMA Tbk
g. P.T. SINAR
OLEOCHEMICAL
h. Etc.
Business Trend :
Growing
B a n k e r s
:
a. P.T. Bank NEGARA INDONESIA Tbk
Jalan Cuk Nyak Dien 16
Medan, North Sumatra
Indonesia
b. P.T. Bank MANDIRI Tbk
Jalan Imam Bonjol No. 7
Medan, North Sumatra
Indonesia
c. Hongkong & Shanghai Banking Corp. Ltd.
Jalan Diponegoro No. 11
Medan,
North Sumatra
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
Annual Sales
(estimated) :
2010 – Rp.
5,500.0 billion
2011 – Rp.
5,750.0 billion
2012 – Rp.
5,870.0 billion
2013 – Rp.
2,990.0 billion (January – June)
Net Profit
(estimated) :
2010 – Rp. 440.0
billion
2011 – Rp. 488.7
billion
2012 – Rp. 498.9
billion
2013 – Rp. 257.1
billion (January – June)
Payment Manner
:
Average
Financial
Comments :
Satisfactory
Board of Management :
President Director - Mr. Hendri Saksti
Vice President Director -
Mr. Erik
Directors -
a. Mr. Taufik Tamin
b. Mr. Ir. Tanmin
c. Mr. Darwin
d. Mr. Erry Tjuatja
Board of Commissioners :
President Commissioner -
Mr. Drs. Sutanto
Commissioners -
a. Mr. Ricky Hermanto
b. DR. Master Parulian Tumanggor
Signatories :
President Director (Mr. Hendri
Saksti) or Vice President Director (Mr. Erik) or one of the Directors (Mr.
Taufik Tamin, Mr. Ir. Tanmin, Mr. Darwin or Mr. Erry Tjuatja) which must be
approved by Board of Commissioner.
Management Capability :
Good
Business Morality :
Good
Credit Risk :
Average
Credit Recommendation :
Credit should be proceeded with monitor
The correct name of the Subject is P.T. WILMAR NABATI INDONESIA not P.T.
WILMAR NABATI as stated in your order ref. no. 245068 dated 27 November 2013.
Originally the company was named P.T. BUKIT KAPUR REKSA was established
in Medan, North Sumatera on 5 October 1988 with the authorized capital of Rp. 100,000,000 issued capital of Rp.
50,000,000 wholly paid-up. Founders and shareholders are Mr. Martua Sitorus SE
AKA Thio Seng Hap, his wife Mrs. Rosa Taniasuri
and his family members, Mrs. Sylvia Sintiani and Mrs. Enny Rezeki wholly
Indonesian of Chinese origin. In June 1993, Mrs. Sylvia Sintiani and Mrs. Enny
Rezeki pulled out and replaced by Mr. Salimin Angkasa AKA Ang Kim Ing and three
companies of British Virgin Islands respectively Caffrey International Ltd.,
Tradesound Investment Ltd., and Wingrove Investment Ltd. On the same occasion,
the authorized capital was increased to Rp. 20,000,000,000 issued capital of
Rp. 7,700,000,000 wholly paid-up. According to its articles of association of
October 1999, its total authorized capital had been issued and paid-up. As from
that time on the company’s shareholders are TRANDESOUND INVESTMENT Ltd., of
Singapore (95%) and P.T. KARTIKA PRIMANABATI of Indonesia (5%). Then in
February 2011 the company named was changed to P.T. WILMAR NABATI INDONESIA
(P.T. WNI). Later based on notary deed of Mr. Eddy Simin, SH., No. 109 dated 29
August 2012 the company authorized capital was increased to Rp. 35,300,000,000
wholly issued and paid up. On the same occasion P.T. KARTIKA PRIMANABATI pulled
out and the whole share sold to WILMAR INTERNATIONAL LIMITED of Singapore. With
this time the composition of its shareholders has been changed to become
TRADESOUND INVESTMENTS LIMITED (95%) and WILMAR INTERNATIONAL LIMITED (5%).
Later based on notary deed Mr. Eddy Simin, SH., No. 145 dated 30 March 2013 the
company board of director and the board of commissioner had been restructured
to lead and runs of the company’s operation. The deed of amendments was
approved by the Ministry of Law and Human Rights in its decision letter No.
AHU-AH.01.10-17643 dated May 7, 2013.
TRADESOUND INVESTMENT Ltd., is a foreign company established in British
Virgin Islands whose shares is controlled by Mr. Martua Sitorus SE., AKA Thio
Seng Hap and Mr. Robert Kuok, chairman of the KUOK Group, a big-size business
group in Singapore, while Mr. Martua Sitorus SE., is founder and majority
business stakes owner of the WILMAR, a large size business group engaged in many types of business among other are oil
palm plantation and processing, exporter of edible oil, trading of cooking oil,
coconut oil refinery, tapioca powder industry, etc.
P.T. WNI is a foreign investment company under the WILMAR Group which is
engaged in the processing of pal oil and its derivatives in the form of edible
oil and non edible oil (Oleochemical) products. P.T. WNI is dealing with palm
oil refinery whose plantation and factories are situated in two locations
respectively in Bukit Kapur Village, Bengkalis Regency, Riau and Rantau Benag
Village, Gresik, East Java. P.T. WNI products are the form of RDB Oils, Cocoa Butters,
Crude Palm Oil (CPO), Palm Kernel expeller (PKE), RDB Olein, Stearine, Palm
Kernel Oil (PKO) and others. P.T. WNI also operates steel drum making plant
with 200 liters of capacity wholly for own use.
In September 2004, P.T. BKR and P.T. Multimas Nabati Asahan won a tender
as the supplier of CPO, RDB olein, RDB Palm Oil, Crude PKO etc. As refinery and
fractionation mill P.T. WNI produces i.e; Edible oil products such as Crude
Palm Oil, Refined Palm Oil, Fatty Acid Distillate, Refined Palm Olein, Refined
Palm Stearine, Crude Kernel Olein and Crude Kernel Stearine most used for the
food industry.
The company produced cooking oil under the brand name SANIA, SOVIA and
FORTUNE. Non edible oil (oleochemicals) fatty products such as fatty acid,
glycerine, soap methyl ester and noodles are used in various industries and
biodiesel is used as fuel. P.T. WNI is one the largest global processor and
merchandiser of palm oil and lauric oils, a major oil palm plantation owner and
the largest palm bio diesel manufacture in the world. The primary production
started as from June 1995 and most of its products is exported to the European
Countries, the USA, Canada, The People’s Republic of China, India, Japan and
others. We observe the operation of P.T. WNI has been running smoothly and
developing well in the last five years.
Generally outlook we find the demand for fatty acid, glycerine has been
rising at home. It is in line with the growth of several industrial sectors,
including rubber products, textile industry, cosmetic and soap industries,
pharmaceutical, lubricating industry, paper making, and others as potential
consumers of the products. As the largest producer of crude palm oil (crude
palm oil / CPO) in the world, Indonesia should likely be the basis of the
oleochemical industry world
beyond Malaysia, China,
India, and even the
European Union. National oleochemical industries performance from year to year has been improvement. This is due to market demand and government
policy support. Currently, Malaysia is still considered
a benchmark constellation of
global oleochemical industry because of the high acquisition and integration
technology industry from upstream to
downstream.
Indonesia must change the mindset
that initially rely
on the production of crude palm
oil into various
derivative manufacturers high value-added palm oil,
oleochemicals one through industrialization, Ministry of Industry, said Mr.
Abdul, continues to push the industry to
support the progressive imposition of export duty on CPO exports to ensure domestic
availability of raw materials. The
government also encouraged the
expansion of capacity and new investment in the area of the
proposed facility oleochemical
industry through tax allowances
and tax holidays. For tax holiday, there are
two companies that have been
filed. A company
that P.T. Unilever Oleochemical Indonesia. Upon the
enactment of export duty on
CPO progressive, there
is an increase in the oleochemical industry investments
by 12 companies with
a total investment value of Rp.
14 trillion. Ministry
of Industry is also targeting 60% export of derivative
products, including oleochemicals,
and 40% of CPO.
Some of oleochemical products as a derivative product of Crude Palm Oil
(CPO) has been able to produce in Indonesia. But, actually the case is the
Indonesian oleochemical industry is not affordable yet to supply domestic
demand especially in the down-streamer, because of domestic oleochemical
products are still in the stage of semi-finished products. The semi-finished
products which consists of fatty acid, fatty alcohol and glycerol were exported
and after extending process then imported again by Indonesian as finished
products like additive matters for textile industry, rubber, plastic,
detergent, paint, cosmetic, processed-food, etc. Finally, as a consequence,
development of Indonesian oleochemical industry is still far left behind
compare to the one of Malaysian.
In 2011, for example, Indonesia has some 16 oleochemical producer
companies with a total capacity of 1.67 million tons, contains 1.00 million
tons of fatty acid, 490,000 tons of fatty alcohol and some 177,750 tons of
glycerol. Since all domestic oleochemical products were exported, afterwards
Indonesia’s market share in the world would be at 15% of 6.63 million tons of fatty
acid consumption whereas, fatty alcohol only has 12% of 3.95 million tons and
has only 8.9% of 2.00 million tons of glycerol. It is estimated both fatty acid
and glycerine will remain to rise in the coming years.
Competition is very tight due to a large number of similar companies
operating in the country, like P.T. ECOGREEN OLEOCHEMICALS, P.T. CISADANE RAYA
CHEMICAL, P.T. SUMI ASIH, P.T. MEDAN OLEOCHEMICAL and P.T. FLORA SAWITA. In
overall we find that oleo chemicals industry in the country keeps rising
despite the export price was lower and fluctuated. The growth of oleo chemicals
industry in the country is seen in the table below.
The Growth and Production of Ole
Chemical, 2005-2012
|
Year |
Fatty
Acid |
Production
(Ton) |
Growth
(%) |
||
|
Glycol |
Fatty Alcohol |
Total |
|||
|
2005 2006 2007 2008 2009 2010 2011 2012 |
436,700 398,952 350,203 476,700 504,080 542,391 585,782 631,473 |
46,354 41,283 35,577 51,222 55,290 59,492 64,251 69,262 |
93,712 119,905 176,099 111,159 136,482 146,855 158,603 170,974 |
576,766 560,141 561,879 639,081 695,582 748,738 808,636 871,709 |
(2.88) 0.31 14.74 8.88 7.60 8.00 7.80 |
|
Growth, % /year |
4.44 |
||||
Until this time P.T. WNI has not been registered with Indonesian Stock Exchange,
so that they had not obliged to announce their financial statement. The
management of P.T. UKI is very reclusive towards outsiders and rejected to
disclose its financial condition. We observed that total sales turnover of the
company in 2010 amounted to Rp. 5,500.0 billion rose to Rp. 5,750.0 billion in
2011 increased to Rp. 5,870.0 billion in 2012. As from January to June 2013 the
sales turnover has amounted at Rp. 2,990.0 billion with a net profit of Rp.
257.1 billion and the sales it’s projected to go on rising by at least 6% in
2014. The company has an estimated total networth of at least Rp. 780.0
billion. We observe that P.T. WNI is supported by the WILMAR Group a large size
business group with has financially strong and sound behind it. 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. WNI is led by Mr. Hendri Saksti (47) a
professional manager with experience in trading, import and distribution of
industrial pumps. Hendri Saksti graduated Management Information System
Academy, Jakarta, Indonesia. Mr. Saksti joined the Group’s Indonesian
operations in 1994 as a Branch Manager, responsible for the palm oil business.
In 1996, he was appointed Finance and Accounts Director. He is currently in
charge of the Group’s fertilizer business, several manufacturing plants and the
marketing of our consumer pack cooking oil in Indonesia.
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. WILMAR NABATI
INDONESIA is sufficiently fairly good for business transaction.
List of the
WILMAR Group Members
1.
AGRINDO INDAH PERSADA, P.T. (Oil Palm Plantation)
2.
AGRIPRIMA CIPTA PERSADA, P.T.
(Oil Palm Plantation)
3.
AGRO PALINDO SAKTI, P.T. (Oil Palm Plantation and Refinery)
4.
AGRONUSA INVESTAMA, P.T. (Oil Palm
Plantation)
5.
ALAM SAWIT PERMAI, P.T. (Oil Palm Plantation)
6.
AMP PLANTATION, P.T. (Oil Palm Plantation and Refinery)
7.
ANUGRAH REJEKI NUSANTARA, P.T. (Sugar Cane Plantation)
8.
ASIATIC PERSADA, P.T. (Oil Palm Plantation and Refinery)
9.
BAWAK SAWIT TUNAS BELUM, P.T. (Oil Palm Plantation)
10. BUANA ALAM SUBUR, P.T. (Oil
Palm Plantation)
11. BULUH CAWANG PLANTATION,
P.T. (Oil Palm Plantation and Refinery)
12. BUMIPRATAMA KHATULISTIWA,
P.T. (Oil Palm Plantation)
13. BUMI SAWIT BAJENTA, P.T.
(Oil Palm Plantation)
14. BUMI SAWIT KENCANA, P.T.
(Oil Palm Plantation)
15. CITI PRIMA PLAZA, P.T.
(Building Rental)
16.
CITRA RIAU SARANA, P.T. (Oil Plam
Plantation)
17. DAYA LABUHAN INDAH, P.T.
(Oil Palm Plantation)
18. DAYA LANDAK PLANTATION, P.T.
(Oil Palm Plantation)
19. DERMAGA SUNGAI MENTAYA, P.T.
(Oil Palm Plantation and Investment Holding)
20. DHARMA WUNGU GUNA, P.T. (Oil
Palm Plantation)
21. DUTA SUGAR INTERNATIONAL,
P.T. (Sugar Refinery Plant)
22. EKA KAHARAP ITAH, P.T. (Oil
Palm Plantation)
23. GERSINDO MINANG PLANTATION,
P.T. (Oil Palm Plantation and Refinery)
24. GUNA KARYA LESTARI, P.T.
(Oil Palm Plantation)
25. GUNA KARYA MANDIRIJAYA, P.T.
(Oil Palm Plantation)
26. HAMPARAN SAWIT EKA, P.T.
(Oil Palm Plantation)
27. INDORESINS PUTRA MANDIRI,
P.T. (Oil Palm Plantation)
28. JAWAMANIS RAFINASI, P.T.
(Sugar Refinery Plant)
29. KARTIKA PRIMA NABATI, P.T.
(Investment Holding)
30. KARUNIA KENCANA
PERMAISEJATI, P.T. (Oil Palm Plantation)
31. KARYA PRAJONA
NELAYAN, P.T. (Exporter and Processing of Edible Oil, Palm
and
Coconut Oil)
32. KARYA PUTRAKREASI NUSANTARA,
P.T. (Palm Kernel/Cooking Oil Processing and Investment Holding)
33. KENCANA SAWIT INDONESIA,
P.T. (Oil palm Plantation and Refinery)
34. KERRY AGRO MANAGEMENT, P.T.
(Management Service in Agrobusiness)
35. KERRY SAWIT INDONESIA, P.T.
(Oil Palm Plantation and Refinery)
36. MEKAR BUMI ANDALAS, P.T.
(Oil Palm Plantation)
37. MALINDO LESTARI PLANTATIONS,
P.T. (Oil Palm Plantation and Refinery)
38. MENTAYA SAWIT MAS, P.T. (Oil
Palm Plantation)
39. MULTIMAS NABATI ASAHAN, P.T.
(Palm Cooking Oil Industry)
40. MULTI NABATI SULAWESI, P.T.
(Crude Coconut Oil Industry)
41. MURINI SAMSAM, P.T. (Oil
Palm Plantation and Refinery)
42. MUSI BANYUASIN INDAH, P.T.
(Oil Palm Plantation)
43. MUSTIKA SEMBULUH, P.T. (Oil
Plam Plantation)
44. NATURA WAHANA GEMILANG, P.T.
(Investment Holding)
45. PELAYARAN TIRTACIPTA
MULYAPERSADA, P.T. (Shipping Interinsulair
Services and General
Shipping Agencies and Investment Holding)
46. PERKEBUNAN MILANO, P.T. (Oil
Palm Plantation and Refinery)
47. PERMATA HIJAU PASAMAN, P.T.
(Oil Palm Plantation and Refinery)
48. PETAK MALAI SAWIT MAKMUR,
P.T. (Oil Palm Plantation)
49.
PUKAN MANDIRI LESTARI, P.T. (Oil Palm
Plantation)
50.
PRATAMA PROSENTINDO, P.T. (Oil Palm
Plantation)
51. PRIMATAMA MULIAJAYA, P.T.
(Oil Palm Plantation)
52. PUTRA INDOTROPICAL, P.T.
(Oil palm Plantation)
53. SARANA TITIAN PERMATA, P.T.
(Oil Palm Plantation)
54.
SARI AGROPRATAMA PERSADA, P.T. (Oil
Palm Plantation)
55. SEGAR KEMBANG SEJATI, P.T.
(Coconut Oil Refinery)
56. SELATAN RAYA PERMAI, P.T.
(Oil Palm Plantation)
57. SENTANA ADIDAYA PRATAMA,
P.T. (NPK Fertilizer Industry and Trading)
58. SIAK PRIMA SAKTI, P.T. (Oil
Palm Plantation)
59. SINAR ALAM PERMAI, P.T.
(Palm Kernel Oil Processing)
60. SINARPERDANA CARAKA, P.T.
(Oil Palm Plantation)
61. SINARSIAK DIANPERMAI, P.T.
(Oil Palm Plantation)
62. TANIA SELATAN, P.T. (Oil
Palm Plantation and Refinery)
63. TRADESOUND INVESTMENT LTD.,
British Virgin Island (Investment Holding)
64.
TRITUNGGAL SENTRA BUANA, P.T. (Oil
Palm Plantation)
65. USDA SEROJA JAYA, P.T.
(Shipping Services)
66. WILMAR BIOENERGI INDONESIA,
P.T. (Biodiesel Processing Industry)
67. CAHAYA CAHAYA INDONESIA Tbk,
P.T. (Specialty Vegetable Oil Industry)
68. WILMAR HOLDINGS LTD.,
Singapore (Investment Holding)
69. WILMAR NABATI INDONESIA,
P.T. (Crude Palm Oil and Palm Kernel Oil Processing)
70. WILMAR INTERNATIONAL LTD.,
Singapore (Trading, Marketing and Investment Holding)
71. Etc.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.18 |
|
|
1 |
Rs.100.01 |
|
Euro |
1 |
Rs.83.82 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.