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Report Date : |
25.06.2013 |
IDENTIFICATION DETAILS
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Name : |
P.T. RAKHA RANI MANDIRI |
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Registered Office : |
Jalan Yos Sudarso I Block B No. 16, RT. 006 RW. 007,
Kelurahan Koja, Kecamatan Tanjung Priok, |
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Country : |
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Date of Incorporation : |
17.05.2000 |
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Com. Reg. No.: |
No. AHU-37586.AH.01.02.TH.2010 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Custom Brokerage Services |
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No. of Employees : |
11 |
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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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.
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Source : CIA |
P.T. RAKHA RANI MANDIRI
Head Office
Jalan Yos Sudarso
I Block B No. 16, RT. 006 RW. 007
Kelurahan Koja,
Kecamatan Tanjung Priok
Jakarta Utara,
14340
Indonesia
Phones -
(62-21) 43907506 (Hunting)
Fax - (62-21) 4359051, 4399051
E-mail - d5c@indo.net.id
Building Area - 2 storey
Office Space - 120 sq. meters
Region - Commercial
Status - Rent
17 May 2000
P.T. (Perseroan
Terbatas) or Limited Liability Company
The Ministry of Law and Human Rights
- No. C-19659.HT.01.01.TH.2000
Dated 4 September 2000
- No. AHU-37586.AH.01.02.TH.2010
Dated 29 July 2010
National Private
Company
The Department of Finance
NPWP No.
01.949.095.2-073.000
a. P.T. DJAKARTA LOGISTICS (Custom Brokerage
Services)
b. P.T. KINARRA PERMATA EXPRESSINDO
(International and Domestic Freight Forwarding
Services)
Capital
Structure :
Authorized
Capital : Rp.
250,000,000.-
Issued Capital : Rp.
250,000,000.-
Paid up Capital : Rp.
250,000,000.-
Shareholders/Owners
:
a. Mr. Indra
Rivai -
Rp. 100,000,000.-
Address
: Jl. Pinang Perak VI PE 8, RT. 013 RW. 016
Kelurahan Pondok Pinang, Kecamatan
Kebayoran Lama, Jakarta
Selatan
Indonesia
b. Mrs. Tri
Erliana -
Rp. 100,000,000.-
Address : Jl. Pinang Perak VI PE 8, RT. 013 RW. 016
Kelurahan Pondok Pinang, Kecamatan
Kebayoran Lama, Jakarta
Selatan
Indonesia
c. Mr. Enof
Rivai -
Rp. 50,000,000.-
Address : Jl. Mardani RT. 004
RW. 005
Kelurahan Cempaka Putih Barat, Kecamatan
Cempaka Putih, Jakarta
Pusat
Indonesia
Lines of Business :
Custom Brokerage Services
Production Capacity :
None
Total Investment :
None
Started Operation :
2001
Brand Name :
Rakha Rani Mandiri
Technical Assistance :
None
Number of Employee :
11 persons
Marketing Area :
Local - 100%
Main Customer
:
Trading and
Export Import of Electronic Home Appliance Products
Market
Situation :
Very Competitive
Main
Competitors :
a. P.T. ANDHINI
NUGRAHA
b. P.T. ANUGERAH EXINDO
c. P.T. CITRA HUTATA PERSADA
d. P.T. MARTUADO PUTRA
e. P.T. SANTOSA PRIMA MAJU
Business Trend
:
Growing
Bankers :
P.T. Bank MANDIRI
Tbk
Jalan Enggano No.
42
Jakarta Utara
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
Annual Sale
(estimated) :
2010 – Rp. 3.5
billion
2011 – Rp. 4.0
billion
2012 – Rp. 4.5
billion
Net Profit
(estimated) :
2010 – Rp. 0.2
billion
2011 – Rp. 0.3
billion
2012 – Rp. 0.4
billion
Payment Manner
:
Average
Financial
Comments :
Satisfactory
Board of Management :
President Director - Mr. Indra Rivai
Director -
Mr. Enof Rivai
Board of Commissioners :
Commissioner -
Ms. Tri Erliana
Signatories :
President Director (Mr.
Indra Rivai) or the Director (Mr. Enof Rivai) which must be approved by Board
of Commissioner
Management Capability :
Satisfactory
Business Morality :
Satisfactory
P.T. RAKHA RANI
MANDIRI (P.T. RRM) was established in North Jakarta on 17 May 2000 with the
authorized capital of Rp. 250,000,000 wholly issued and paid up. The company
was founded by Mr. Indra Rivai (40%) his wife Ms. Tri Erliana (40%) and Mr.
Enof Rivai (20%). The company notary deed had been changed a couple of times
and according to the latest revision of notary documents of Mr. Dradjat
Darmadji, SH., No. 120 dated 11 June 2010 the board of director and the board
of commissioner reappointed 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-37586.AH.01.02.TH.2010 dated July 29, 2010.
P.T. RRM has been
operating since 2001 dealing with trading and custom brokerage (custom
clearances) services. According to the Government Regulation any export import
company is taking care of the import export customs clearance at Customs must
have a letter of permission Harmonized System (HS) in order to take care of
some stuff out of the harbor. Notice of Customs Clearance of goods imported or
exported by transporters, importers, or exporters.
In the management of
customs declarations do not own, importers, or exporters may give their proxies
to Entrepreneur Customs Clearance Services (PPJK). Entrepreneur Customs
Clearance Services (PPJK) is a business entity that performs the maintenance
activities for the fulfillment of customs duty and the power of the importer or
exporter.
Basically the company
just acted as custom clearances to handle and manages of import duties in
Tanjung Priok ports. According information from Mr. Reza, PPJK staff of the
company went on to say that the company provides services in handle of import
of various electronic and furniture products from China. In the implementation
of these imports, P.T. RRM as much as possible trying to be immediately
removing the goods they import to get to the destination. P.T. RRM provides
import services including marine line in Tanjung Priok port, electronic and
furniture products, delivered up in warehouse, volume all-in (dock &
tracking) etc. P.T. RRM will import goods and delivered to warehouse of all
clients. Mr. Reza added the whole services uses by electronic and furniture
companies and traders in Jakarta and surroundings. We observe the operation of
P.T. RRM had been growing and developing in the last two years.
The domestic demand
in custom clearances, export import services has kept on fluctuating in the
last five years in line with the growth of export and import of various
Indonesian products including oil and gas. The demand for post and cargo
handling had kept on increasing up in the lat five years in line with the
growth of various businesses requiring its services to send letters to domestic
and foreign destination. According data from the Ministry of Sea Communication
that total of sea freight to overseas in the last five years has been
increasing. However, the global economic crisis in October 2008 had caused the
demand to decline especially in cargo freight of sea port. P.T. RRM’s is
considered to be in a favorable business position in view of the company's
experience in the above business.
Until this time P.T.
RRM 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 sale of the company
in 2010 amounted to Rp. 3.5 billion rose to Rp. 4.0 billion in 2011 increased
to Rp. 4.5 billion in 2012 and projected to go on rising by at least 4% in
2013. The operation in 2012 yielded an estimated net profit of at least Rp. 0.4
billion and the company has an estimated total networth of at least Rp. 1.0
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. RRM is led by Mr. Indra Rivai (54) a businessman with experience in
trading and customs brokerage services. In his daily activity he is assisted by
Mr. Enof Rivai (51) as Director. Both of are also business stakes owner and
director of P.T. DJAKARTA LOGISTCIS. 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. RAKHA RANI MANDIRI is sufficiently fairly good
for business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.73 |
|
UK Pound |
1 |
Rs.91.82 |
|
Euro |
1 |
Rs.78.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
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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.