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Report Date : |
06.11.2013 |
IDENTIFICATION DETAILS
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Name : |
P.T. ANUGERAH SAKTI |
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Registered Office : |
Jalan Gunung
Sahari III Block C – 1 No. 8, Jakarta Pusat,
10610 |
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Country : |
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Date of Incorporation : |
August, 2010 |
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Com. Reg. No.: |
No. AHU-AH.01.10-40799 |
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Legal Form : |
P.T. (Perseroan Terbatas) or Limited Liability Company |
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Line of Business : |
Manufacturer of Garment. |
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No. of Employees : |
220 |
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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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. ANUGERAH SAKTI
Head Office
Jalan Gunung
Sahari III Block C – 1 No. 8
Phones - (62-21) 4219040, 4219041
Fax - (62-21) 4219208
Building Area - 2 storey
Office Space - 120 sq. meters
Region - Commercial
Status - Rent
Factory
Jalan Tenjo Ayu,
RT. 02 RW. 04
Desa Tenjo Ayu,
Kecamatan Cicurug
Sukabumi
Land Area - 7,000 sq. meters
Building Space - 2,600 sq. meters
Region - Industrial Zone
Status - Rent
August 2010
P.T. (Perseroan Terbatas) or Limited Liability Company
The Ministry of
Law and Human Rights
- No.
AHU-39068.AH.01.02.TH.2012
Dated 19 July 2012
- No.
AHU-AH.01.10-40799
Dated 3 October 2013
National Private Company
The Department
of Finance
NPWP No. 02.269.549.8-027.001
None
Capital Structure :
Authorized Capital :
Rp. 1,000,000,000.-
Issued Capital :
Rp. 500,000,000.-
Paid up Capital :
Rp. 500,000,000.-
a. Mr. Ganesh
Subash -
Rp. 260,000,000.-
Address : Jl. Batu Tulis No. 17
Kelurahan Kebon Kelapa,
Kecamatan
Gambir, Jakarta
Pusat
b. Mr. Sugeng
Hariyadi -
Rp. 240,000,000.-
Address : Jl. Pisangan Lama, RT. 012 RW. 003
Kelurahan
Pisangan Lama, Kecamatan
Jatinegara,
Lines of Business :
Garment Manufacturing
Production Capacity :
a. Shirts - 12,000
dozens p.a.
b. Blouses - 12,000
dozens p.a.
Total Investment :
Owned Capital -
Rp. 1.0 billion
Started Operation :
2011
Brand Name :
Anugerah Sakti
Technical Assistance :
None
Number of Employee :
220 persons
Marketing
Area :
Local - 100%
Main
Customer :
Matahari,
Ramaya Department Store
Market
Situation :
Very
Competitive
Main
Competitors :
a.
P.T. CITA KARTIKA GARMINDO
b. P.T. DERIAN MITRAUSAHA UTAMA
c. P.T. DWI TUNGGAL MANDIRI GARMINDO
d. P.T. ELOK WARNA SEJATI
e.
Etc.
Business
Trend :
Growing
Banker :
P.T. Bank
Jalan Gunung
Sahari 45
Jakarta Pusat
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
Annual Sales (estimated) :
2011 – Rp. 21.7 billion
2012 – Rp. 23.0 billion
2013 – Rp. 12.0 billion (January – June)
Net Profit (estimated) :
2011 – Rp. 1.3 billion
2012 – Rp. 1.5 billion
2013 – Rp. 0.8 billion (January – June)
Payment Manner :
Average
Financial Comments :
Satisfactory
Board of Management :
President Director - Mrs. Ratih Andriyanti
Director - Mr.
Sugeng Hariyadi
Board of Commissioners :
Commissioner - Mr. Ganesh
Subash
Signatories :
President Director (Mrs. Ratih Andriyanti) or the Director
(Mr. Sugeng HAriyadi) which must be approved by Board of Commissioner
Management Capability :
Satisfactory
Business Morality :
Good
P.T. ANUGERAH SAKTI (P.T. AS) was
set-up in Jakarta in August 2010 by Mr. Ganesh Subash and Mr. Sugeng Hariyadi,
both are indigenous businessmen of Indian descents. Based on notary documents
of Mr. Haji Feby Rubein Hidayat, SH., No. 05 dated 13 September 2013 the
company authorized capital was amounted at Rp. 1,000,000,000 issued capital of
Rp. 500,000,000 fully and paid up. With this time the latest composition of its
shareholders is Mr. Ganesh Subash (52%) and Mr. Sugeng hariyadi (48%). The deed
of amendments was approved by the Ministry of Law and Human Rights in its
decision letter No. AHU-AH.01.10-40799 dated October 3, 2013.
P.T. AS is a national private
company started to be operating since 2011 engaged in the filed of garment
manufacturing. The company manages a plant located at Jalan Tenjo Ayu, Tenjo
Ayu Village, Cicurug district, Sukabumi, West Java standing on 7,000 sq. meters
land. According information from Mrs. Ratih Andriyanti, President Director of
the company explained the company produces of shirts and blouses for men’s and
women’s based on job order basis from customers in the country and overseas.
Previously some of the products is exported to Singapore, Europe and the USA.
However since the global economic crisis most of the products marketed locally
based on job orders. She also added that some of the basic materials like
textile (fabrics) is imported from Thailand, India, China, Hong Kong and other
countries. Mrs. Ratih Andriyanti also explained the whole textile fabrics
imported with the best and high quality products. Currently whole of the shirts
and blouses produces by using STANLEY ADAMS, AEXNMIN and AMINEM brands and
supplied to Matahari Department Store and Ramayana Department Store. We observe
that P.T. AS is classified a small size company of its kinds with operation has
been growing and developing well in the last two years.
The textile and textile product (TTP) industry is one of the industries
that has contrived to with stand the protracted global economic crisis. At a
time when the average national industrial utilization rate fell to under 20% in
2008, TTP plants on the other hand were operating at an utilization rate of
above 81.6%. This was attributable to the ability of textile and garment
producers to maintain the utilization rate of plants at a high level by
aggressively stepping up exports. According to the Central Bureau of Statistics
(BPS) the Indonesian garments export in 2002 amounted to 333,100 tons (US$
3,887.2 million) to 339,000 tons (US$ 4,037.9 million) in 2003 to 327.300 tons
(US$ 4,351.9 million) in 2004 to 369.500 tons (US$ 4,967.0 million) in 2005 to
399,600 tons (US$ 5,608.1 million) in 2006, to 399,800 tons (US$ 5,712.9
million) in 2007 rose to 417,600 tons (US$ 6,092.2 million) in 2008 declined to
393.400 tons (US$ 5,735.6 million) in 2009 and 445,200 tons (US$ 6,598.0
million) in 2010 rose to 450.9 ton (7,801.5 million) in 2011 decline to 450,200
tons (US$ (7,304.8 million) in 2012.
The Indonesia textile products export in 2002 amounted to 1,425.9 tons
(US$ 3,075.9 million) to 1,307.5 tons (US$ 3,064.6 million) in 2003 to 1,300.4
tons (US$ 3,354.6 million) in 2004 to 1,427.3 tons (US$ 3,704.0 million) in
2005 to 1,477.8 tons (US$ 3,908.6 million) in 2006 to 1,473.6 tons (US$ 4,178.0
million) in 2007 decrease to 1,312.2 tons (US$ 4,127.9 million) in 2008 rose to
1,369.6 tons (US$ 3,602.8 million) in 2009 and to 1,525.9 tons (US$ 4,721.8
million) in 2010 decreased to 1,493.3 tons (5,563.3 million) in 2011 increase
to 1,508.5 tons (US$ 5,278.1 million) in 2012. The domestic textile
producers are pessimism the textile export in 2009 could match the export
numbers in 2008. The blow of the global economic crisis is resulted in the
reduced of demand from the export destination countries like the United States
(U.S.), Japan, and European Union region. While this year’s the exports
expected fall into US$ 9.7 billion. The Chairman of the Indonesian Textile
Association (API), Mr. Benny Soetrisno said that the decline in global
purchasing power caused of the demand in the Indonesian textile products could
not be able to grow as tight as 2008. The export volume and value of the national TPT products in
2002 to 2012 are pictured on the following table.
|
Year |
Garment |
Textile Products |
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(Thousand Ton) |
(US$ Million) |
(Thousand Ton) |
(US$ Million) |
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2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 |
333.1 339.9 327.3 369.5 399.6 399.8 417.6 393.4 445.2 450.9 350.2 |
3,887.2 4,037.9 4,351.9 4,967.0 5,608.1 5,712.9 6,092.2 5,735.6 6,598.0 7,801.5 7,304.8 |
1,425.9 1,307.5 1,300.4 1,427.3 1,477.8 1,473.6 1,312.2 1,369.6 1,525.9 1,493.3 1,508.5 |
3,075.9 3,064.6 3,354.6 3,704.0 3,908.6 4,178.0 4,127.9 3,602.8 4,721.8 5,563.3 5,278.1 |
Until this time P.T. AS 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 2011 amounted to Rp. 21.7 billion
rose to Rp. 23.0 billion in 2012. As from January to June 2013 the sales
turnover amounted at Rp. 12.0 billion with a net profit of Rp. 0.8 billion. It
is projected the sales turnover will be rising by at least 6% in 2014. 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. AS is led by Mrs. Ratih Andriyanti (44) a
professional manager with experience in garment manufacturing and trading. In
her daily activity he is assisted by Mr. Sugeng Hariyadi (53) as Director. 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. ANUGERAH SAKTI is sufficiently fairly good for business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.79 |
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|
1 |
Rs.98.66 |
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Euro |
1 |
Rs.83.42 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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.