|
Report Date : |
02.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
DKT INDONESIA (YAYASAN DKT INDONESIA) |
|
|
|
|
Registered Office : |
Graha Sucofindo, 12th Floor Jalan Raya Pasar Minggu Kav. 34 Jakarta Selatan,
12780 |
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|
|
|
Country : |
Indonesia |
|
|
|
|
Year of Incorporation : |
1996 |
|
|
|
|
Legal Form : |
Social Foundation |
|
|
|
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Line of Business : |
Social Marketing |
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|
|
|
No. of Employees : |
30 persons |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
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
DKT
INDONESIA (YAYASAN DKT INDONESIA)
Head Office
Graha
Sucofindo, 12th Floor
Jalan Raya Pasar Minggu Kav. 34
Jakarta Selatan, 12780
Indonesia
Phones - (62-21) 7986569, 7986571
Fax - (62-21) 7986570
E-mail - dkt@dktindonesia.org
Website - http://www.dktindonesia.org
Building Area - 14 storey
Office Space - 100 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation :
1996
Legal
Form :
Social
Foundation
Company
Reg. No. :
Not
Required
Company
Status :
National
Foundation
Permit
by the Government Department :
The Department of Finance
Not
Available
Related
Company :
DKT
INTERNATIONAL, USA (International Social Foundation)
Capital
Structure :
Capital
:
Rp. 1.0 billion
Owners
(Founders):
DKT INTERNATIONAL - 100%
Lines
of Business :
Social
Marketing
Production
Capacity :
None
Total
Investment :
None
Started
Operation :
1996
Brand
Name :
DKT
Indonesia
Technical
Assistance :
DKT
International, USA
Number
of Employee :
30
persons
Marketing
Area :
Local - 100%
Main
Customer :
Health
Centre (Puskesmas), Pharmacies, Hospitals, Midwives
Business
Trend :
Growing
B a n k e r s :
a. P.T. Bank
NEGARA INDONESIA Tbk
Jalan Raya Pasar Minggu No. 8
Jakarta
Selatan
Indonesia
b. P.T. Bank INTERNATIONAL INDONESIA Tbk
Jalan Ampera
Raya No. 8
Pasar
Minggu
Jakarta
Selatan
Indonesia
Auditor :
Internal Auditor
Litigation
:
No
litigation record in our database
Annual
Sales (estimated) :
2010
– Rp. 15.0 billion
2011
– Rp. 16.2 billion
2012
– Rp. 17.5 billion
Net
Profit (estimated) :
2010
– Rp. 1.2 billion
2011
– Rp. 1.4 billion
2012
– Rp. 1.6 billion
Payment
Manner :
Average
Financial
Comments :
Satisfactory
Board of Management :
Country Director - Mr. Todd Callahan
General Manager - Mr. Toto Budiono
Deputy GM Sales Marketing - Mr. Freddy Kapuangan
Head of Distribution Development - Mr. Bambang Hartanto
Head Dr. & Institutional Sales - Mr. Renatus Onga
Board of Commissioners :
None
Signatories :
Country
Director (Mr. Todd Callahan) or General Manager (Mr. Toto Budiono) which must
be approved by partners meeting.
Management Capability :
Good
Business Morality :
Good
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 YAYASAN DKT INDONESIA
abbreviated (DKT INDONESIA) not DKT INDONESIA as stated in your order ref. no.
208840 dated 28 January 2013.
YAYASAN
DKT INDONESIA also known as DKT INDONESIA is a social foundation which was
incorporated in Indonesia by DKT INTERNATIONAL, an international social
foundation was founded in 1989 in New York by German Government thorough KfW
and the Bill Gates and his wife Melinda Gates Foundation. The organization is now one of the largest
private providers of contraceptives and family planning services in the
developing world, operating programs in 20 countries worldwide. DKT
INTERNATIONAL operates with the generous support of our donors.
Yayasan
DKT Indonesia or DKT Indonesia is a non-profit organization established in 1996
and has been contracted by the Ministry of Health, Government of Indonesia, to
design and implement the Social Marketing component of the “HIV/AIDS Prevention,
and Family Planning
Program.” DKT INDONESIA
is a social marketing foundation started to be operating since 1996 in social
marketing company which includes the top selling Sutra, Fiesta and Andalan
products. DKT Indonesia became an independent non-governmental social marketing
organization in 1996. Since that time, the program has expanded
dramatically, and now serves nearly 6 million couples throughout the Indonesian
archipelago, making it one of the largest family planning programs in the
world. The program focuses on prevention of sexually transmitted infections,
especially HIV/AIDS, and promotion of family planning in Indonesia, and is
funded jointly by the Government of the Federal Republic of Germany through the
Kreditstanstalt für Wiederaufbau (KfW), the Government of Indonesia
(Directorate General for Communicable Disease Control/MOH), The Bill and
Melinda Gates Foundation, and DKT International, Washington. In 1996 DKT began
a social marketing program in Indonesia that has grown to become the largest
DKT affiliate in the world, supplying 25 percent of the privately provided
modern contraception in the country.
DKT
Indonesia works in partnership with the Ministry of Health’s Center for Disease
Control and BKKBN, the Indonesian Family Planning Board. DKT Indonesia’s
activities are designed to help support national efforts in the areas of HIV
prevention and family planning. In addition, DKT partners with localized government
efforts where such opportunities exist. DKT is also committed to working
closely with a range of NGOs in areas such as the contraceptive, condom
programming, educational materials, research, and training. Finally, DKT
actively seeks out opportunities to collaborate with other projects focusing on
HIV prevention and family planning. Contraceptive Social Marketing – the use of
commercial techniques and infrastructures to provide low-cost contraceptive and
health information when and where people need it - has been a remarkable
success. In Indonesia, DKT provides accessible, affordable birth
control and condoms for HIV prevention to some 2 million couples each year
through tens of thousand of neighborhood outlets – from pharmacies and
supermarkets to midwives and kiosks. DKT strategies have been simple and sound:
ensure wide availability of high-quality, affordable contraceptive products to
those with the greatest needs, and change risk behavior such as too closely
spaced pregnancies through education, information, and behavioral change
marketing.
DKT
uses research to better understand consumer attitudes and practices and
implements effective campaigns designed to shift behavior towards safer practices.
Using TV, radio, and print, DKT has been able to reach millions of Indonesians
with much needed health information about HIV/AIDS,
family planning and reproductive health.
Because DKT is highly decentralized, it is able to adapt quickly to a changing
environment and respond to opportunities with innovative and effective
programming.
In
2000 DKT established the Andalan franchise, using midwives to distribute
condoms and other family planning products. There are approximately 45,000
private midwives in Indonesia; they provide the vast majority of reproductive
health and family planning care to lower- and middle-income women in the
country. The Andalan franchise is a one-stop solution for family planning
products, including IUDs, implants, injectables, oral contraceptives, emergency
contraception, and condoms. DKT offers private midwives incentive-based sales
contracts and, in return, supports the franchised midwives in the areas of
promotion and capacity building. The network is currently made up of 4,144
franchisees located throughout Indonesia, with the highest concentrations on
the islands of Java and Sumatra.
The
Andalan franchise is unique in that it is customer and sales oriented, and has
achieved financial sustainability through a well-defined strategy of offering
high quality and low-cost branded products. It has avoided, where possible,
offering products that compete with the basic line of products offered by the
government. This strategy has allowed the organization to remain profitable
while serving lower-middle-income women. In recent years, the franchise has
prioritized shifting the method mix of contraception away from short-term
contraception (e.g., injectables) to long-term contraception (e.g., IUDs and
implants) by offering midwives financial incentives to stock IUDs and also
providing training on long-term methods.
There
are currently 4,144 franchisees participating in the Andalan network;
franchisees are located in 19 of the 33 provinces in Indonesia, with the
highest concentrations on the islands of Java and Sumatra. The majority of
Andalan midwives are located in suburban or rural areas. Due to the limited
health services available in such locations, midwives tend to have thriving
practices in these areas, as opposed to in urban areas where there is more
competition. As contracts with Andalan are nonexclusive, many midwives have
relationships with other pharmaceutical providers of family planning products
in addition to their sales contracts with Andalan.
The
majority of franchisees run private clinics connected to their homes. The size
of the clinics ranges from just one or two rooms to multiple rooms for
deliveries and patient care. At the larger clinics, the franchised midwives
typically have three or four staff supporting the business including other
midwives, assistants, or an OBGYN who may visit the clinic once or twice a
week. We observe that DKT INDONESIA has been growing and developing well in the
last three years.
Until
this time DKT INDONESIA has not been registered with Indonesian Stock Exchange,
so that they shall not obliged to announce their financial statement. The
management of DKT INDONESIA 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. 15.0 billion rose to Rp. 16.2 billion in 2011 increased
to Rp. 17.5 billion in 2012 and projected to go on rising by at least 6% in
2013. The operation in 2012 yielded an estimated net profit of at least Rp. 1.6
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 DKT INDONESIA is led by Mr. Todd Callahan (45) as Country
Director in Indonesia which has been experience in social marketing. 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. We are convinced that YAYASAN
DKT INDONESIA or DKT INDONESIA is sufficiently fairly good for business
transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.32 |
|
|
1 |
Rs.84.60 |
|
Euro |
1 |
Rs.72.63 |
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 |
|
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.