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Report Date : |
06.07.2013 |
IDENTIFICATION DETAILS
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Name : |
P.T. ZANETA ABADI |
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Registered Office : |
Kawasan Industri Multiguna Block E – 12 Jalan M.H. Thamrin Km. 7 Kelurahan Paku Alam, Kecamatan Serpong Utara Tangerang, 15310 Banten Province |
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Country : |
Indonesia |
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Date of Incorporation : |
17.09.2012 |
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Com. Reg. No.: |
No. AHU-04026.AH.01.01.TH.2013 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading, Import, Assembled and Distribution of Filter Cloth and Filter Fabrics |
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No. of Employees : |
23 persons |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Indonesia |
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 |
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.
ZANETA ABADI
Head Office & Workshop
Kawasan Industri Multiguna Block E – 12
Jalan M.H. Thamrin Km. 7
Kelurahan Paku Alam, Kecamatan Serpong Utara
Tangerang,
15310
Banten
Province
Indonesia
Phones -
(62-21) 53122988 (Hunting)
Fax - (62-21) 53122958
Land Area - 350 sq. meters
Building Space - 230 sq. meters
Region - Industrial
Estate
Status - Rent
Date of Incorporation :
17
September 2012
Legal
Form :
P.T.
(Perseroan Terbatas) or Limited Liability Company
Company
Reg. No. :
The Ministry of Law and Human Rights
No.
AHU-04026.AH.01.01.TH.2013
Dated
4 February 2013
Company
Status :
National
Private Company
Permit
by the Government Department :
The Department of Finance
Not
Available
Related
Company :
None
Capital
Structure :
Authorized
Capital : Rp.
3,000,000,000.-
Issued
Capital :
Rp. 3,000,000,000.-
Paid
up Capital :
Rp. 3,000,000,000.-
Shareholders/Owners
:
a. Mrs. Pita Suryani -
Rp. 2,000,000,000.-
Address : Taman Legian III No. 61, RT. 001 RW. 00
Lippo Karawaci, Tangerang
Banten Province
Indonesia
b. Mr. Verdi Taney Tandra -
Rp. 250,000,000.-
Address : Villa Melati Mas Block G 7/16, RT. 025
RW. 009
Tangerang Selatan,
Tangerang
Banten Province
Indonesia
c. Mrs. Lena -
Rp. 250,000,000.-
Address : Jl. Rajawali I No. 1- B, RT. 017 RW. 002
Kelurahan Gunung Sahari,
Kecamatan Gunung
Sahari, Jakarta Pusat
Indonesia
d. Mrs. Nelly Rosmawati -
Rp. 250,000,000.-
Address : Villa Melati Mas Block G 7/16, RT. 025
RW. 009
Tangerang Selatan, Tangerang
Banten Province
Indonesia
e. Mrs. Chelsia Florentia -
Rp. 250,000,000.-
Address : Taman Surya V Block NN 1/5, RT. 005 RW.
017
Kelurahan Pegadungan,
Kecamatan
Tangerang Kota, Jakarta Barat
Indonesia
Lines
of Business :
Trading,
Import, Assembled and Distribution of Filter Cloth and Filter Fabrics
Production
Capacity :
None
Total
Investment :
None
Started
Operation :
October
2012
Brand
Name :
KHOSLA
and ARVIND
Technical
Assistance :
None
Number
of Employee :
23
persons
Marketing
Area :
Local - 100%
Main
Customer :
Cooking
Oil Industries
Market
Situation :
Very
Competitive
Main
Competitors :
a.
P.T. DUTA INSTRUMENT ALFA SAKTI
b. P.T. FATA CEMARA ATLASINDO
c. C.V. MEGA ABADI PERKASA
d.
P.T. MULTI METALINDO MURNI
e.
P.T. UNGGUL TEKNO FILTER
Business
Trend :
Growing
B
a n k e r :
P.T.
Bank PERMATA Tbk
Ruko
Royal Sunter Block F/1-3
Jalan Danau Sunter Selatan
Jakarta Utara
Indonesia
Auditor :
Internal Auditor
Litigation
:
No
litigation record in our database
Annual
Sales (estimated) :
2012
– Rp. 1.2 billion (October – December)
Net
Profit (estimated) :
2012
– Rp. 60 million
Payment
Manner :
Average
Financial
Comments :
Satisfactory
Board of Management :
Director - Mr. Verdi Taney Tandra
Board of Commissioners :
President Commissioner - Mrs. Pita Suryani
Commissioners - a. Mrs. Lena
b. Mrs. Nelly Rosmawati
c. Mrs. Chelsia Florentia
Signatories :
Director
(Mr. Verdi Taney Tandra) 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
P.T.
ZANETA ABADI (P.T. ZA) was established in Serpong, Banten Province based on
notary deed of Mrs. Fhifi Alfhian Ronie, SH., No. 16 dated 17 September 2012
with the authorized capital of Rp. 3,000,000,000 wholly issued and paid up. The
founding and shareholders of the company are Mrs. Pita Suryani (66.67%), Mr.
Verdi Taney Tandra (8.33%), Mrs. Lena (8.33%), Mrs. Nelly Rosmawati (8.33%) and
Mrs. Chelsia Florentia (8.33%). The notary deed of incorporation was approved
by the Ministry of Law and Human Rights in its decision letter No.
AHU-04026.AH.01.01.TH.2013 dated February 4, 2013.
P.T.
ZA has been operating since October 2012 engaged in the field of trading,
import, assembling and distribution of filter cloth and filter fabrics. The
whole products imported from India and then assembled in the workshop located
at Kawasan Industri Multiguna Block E-12, Jalan M.H. Thamrin Km. 7, Serpong,
Tangerang, Banten Province. P.T. ZA is a distributor of filter cloth for filter
press machine. Filter Cloth is a filter/ filter used for industrial waste
treatment machines in use in machine filter press. P.T. ZA sell filter cloth is
in assembled in Indonesia especially in Serpong, Banten Province, Indonesia.
Filter cloth products that sell by the company is very good quality, highly
durable and is suitable uses for cooking oil industries and chemical
industries. Mr. Verdi Taney Tandra, Director of the company explained the whole
products imported from India with KHOSLA and ARVIND brands and then assembled
in their workshop. The types of filter cloth are (disc filter fabric, Kelly
filter, agitated nutsche filter fabric, fluid bed dryer filter bag, rotary
vacuum drum filter fabric, PAN filter fabrics and leaf filter fabric.
These
products are available at various shapes and sizes at market leading prices and
clients can avail these products at customized shapes and sizes as per their
requirements. After that the products supplied to various cooking oil
industries among others P.T. IVOMAS TUNGGAL PRATAMA Tbk (BIMOLI), P.T. SMART
CORPORATION Tbk (FILMA) and others. Besides the products is also marketed to
various waste water treatment contracting in Jakarta, Bandung, Semarang,
Surabaya and other cities in Indonesia. We observe the operation of P.T. ZA is
classified a small size company of its kinds with operation has been growing in
the last one year.
Starting
in the second semester 2008, many markets in various parts of the world
experienced adverse economic condition. This condition was triggered by,
amongst others, the housing and mortgage loans crisis in the United States of
America (US) that spread to securities, structures products and commodity
markets. The volatility in the US markets coupled with the sharp appreciation
in the US Dollars and a series of corporate bankruptcies and takeovers enabled
the crisis to spread to other parts of the world. The impact of the global
economic crisis has also been felt in Indonesia as the Indonesian Rupiah
weakened, demand decrease, commodity prices decreased, securities market
declines, interest rate increased, followed by decreases, tightened liquidity
conditions, and increased credit risks. Up to this time, the Company has not
significantly suffered from the economic crisis. In response to these economic
events, during 2010 the Company has plans as follows: Negotiation with main
customer regarding increasing selling price. Cost reduction in business trip,
pantry needs, technical support cost, etc. Competition is very tight because
there are a lot products marketed in the country which import from China and
Germany. In spite of the adverse economic conditions, management believes that
the Company will be able to continue operating as going concern for the
foreseeable future.
Until
this time P.T. ZA has not been registered with Indonesian Stock Exchange, so
that they had not obliged to announce their financial statement. The management
of the company is very reclusive towards outsiders and rejected to disclose its
financial condition. We observed that total sales turnover of the company in
the first year operation October to December 2012 amounted to Rp. 1.2 billion
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. 60 million and the company has
an estimated total networth 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. ZA is led by Mr. Verdi Taney Tandra (29) a young businessman
and professional manager with experience in trading, import and distribution of
filter cloth for machine press. He graduated from University of Tarumanegara
majoring in Information Technology (Computer Science). 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. ZANETA ABADI is sufficiently fairly good for
business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.34 |
|
|
1 |
Rs.90.78 |
|
Euro |
1 |
Rs.77.81 |
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 |
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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 |
|
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 |
|
-- |
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.