MIRA INFORM REPORT

 

 

Report Date :

07.10.2013

 

IDENTIFICATION DETAILS

 

Name :

P.T. BILLITON RUBBER INDUSTRY

 

 

Registered Office :

Jalan Raya Badau Km. 11, Dusun Air Enau, Perawas, Tanjung Pandan, Bangka Belitung Province

 

 

Country :

Indonesia

 

 

Date of Incorporation :

05.05.2011

 

 

Com. Reg. No.:

No. AHU-28450.AH.01.01.TH.2011

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

general trader, exporter importer of agricultural commodities, industry, general contracting, trading and supplies, plantation, hatchery, land clearing, garment and textile industry, freight forwarding services, custom clearance, logistic services, custom brokerage services, trading and distribution, export import services, industry, manufacturing, general trading such as trading of technical, electrical, mechanical goods, and building material.

 

 

No. of Employees :

Not Available 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown 

 

 

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

Name of Company

 

P.T. BILLITON RUBBER INDUSTRY

 

COMPANY Address

 

Head Office

Jalan Raya Badau Km. 11

Dusun Air Enau, Perawas

Tanjung Pandan

Bangka Belitung Province

Indonesia

Phones             - (62-719) Not Available

Fax                   - (62-719) Not Available

Building Area     - None

Office Space      - Unknown

Region              - Industrial Zone

Status               - Rent

 

 

Date of Incorporation

 

5 May 2011

 

 

Legal Form

 

P.T. (Perseroan Terbatas) or Limited Liability Company

 

 

Company Reg. No.

 

The Ministry of Law and Human Rights

No. AHU-28450.AH.01.01.TH.2011

Dated 7 June 2011

 

 

Company Status

 

National Private Company

 

Permit by the Government Department

 

The Department of Finance

Not Available

 

Related Company

 

None

 

 

CAPITAL AND OWNERSHIP

 

Capital Structure :

Authorized Capital                            : Rp. 8,000,000,000.-

Issued Capital                                  : Rp. 2,000,000,000.-

Paid up Capital                                : Rp. 2,000,000,000.-

 

Shareholders/Owners :

a. Mr. Yudhy                                                                     - Rp. 666,680,000.-

    Address : Jl. Jend. Sudirman No. 88, RT. 010 RW. 008

                    Kelurahan Lesung Batang, Kecamatan

                    Tanjung Pandan, Bangka Belitung Province

                    Indonesia

b. Mr. Rudiyanto                                                               - Rp. 666,660,000.-

    Address : Jl. Membalong Km. 7 No. 07, RT. 055 RW. 018

                    Kelurahan Perawas, Kecamatan Tanjung

                    Pandan, Bangka Belitung Province

                    Indonesia

c. Mr. Riky Ralfin                                                              - Rp. 666,660,000.-

    Address : Jl. Kapten Saridin No. 32, RT. 029 RW. 009

                    Kelurahan Paal Satu, Kecaman Tanjung

                    Pandan, Bangka Belitung Province

                    Indonesia

 

 

BUSINESS ACTIVITIES

 

Lines of Business :

Crumb Rubber Industry (Planned)

 

Production Capacity :

None

 

Total Investment :

Owned Capital                                 - Rp. 8.0 billion

 

Started Operation :

Unknown

 

Brand Name :

Billiton Rubber Industry

 

Technical Assistance :

None

 

Number of Employee :

None

 

Marketing Area :

Unknown

 

Main Customer :

Unknown

 

Market Situation :

Unknown

 

Main Competitor :

None

 

Business Trend :

No comment

 

 

BANKER, AUDITOR & LITIGATION

 

Banker :

Unknown

 

Auditor :

Internal Auditor

 

Litigation :

No litigation record in our database

 

 

FINANCIAL FIGURE

 

Annual Sales (estimated) :

Unknown

 

Net Profit (estimated) :

Unknown

 

Payment Manner :

Unknown

 

Financial Comments :

Weak

 

 

KEY EXECUTIVES

 

Board of Management :

President Director                            - Mr. Riky Ralfin

Director                                           - Mr. Rudiyanto

 

Board of Commissioners :

Commissioner                                 - Mr. Yudhy

 

Signatories :

President Director (Mr. Riky Ralfin) or the Director (Mr. Rudiyanto) which must be approved by Board of Commissioner

 

CAPABILITIES

 

Management Capability :

Weak

 

Business Morality :

Prudent

 

 

OVERALL PERFORMANCE

 

Based to our investigation to the above address at Jalan Raya Badau Km. 11, Dusun Air Enau, Perawas, Tanjung Pandan, Bangka Belitung Province has yet been registered on the Bangka Belitung Province. Based information from P.T. TELKOM in Bangka Belitung explained that P.T. BILLITON RUBBER INDUSTRY has yet been registered on book directory of P.T. TELKOM.   

 

P.T. BILLITON RUBBER INDUSTRY (P.T. BRI) was established in Tanjung Pandan, Bangka Belitung Province based on notary deed of Mrs. Yuli Werdiningsih, SH., No. 03 dated 5 May 2011 with the authorized capital of Rp. 8,000,000,000 issued capital of Rp. 2,000,000,000 fully and paid up. The founding and shareholders of the company are Mr. Yudhy (33.34%), Mr. Riky Ralfin (33.33%) and Mr. Rudiyanto (33.33%), they are Indonesian businessmen of Chinese descents. The notary deed of incorporation was approved by the Ministry of Law and Human Rights in its decision letter No. AHU-28450.AH.01.01.TH.2011 dated June 7, 2011.

 

P.T. BRI plans its activity to be engaged in the field of crumb rubber industry by manages a plant located at Jalan Raya Badau Km. 11, Dusun Air Enau, Perawas, Tanjung Pandan, Bangka Belitung Province. However after conducted investigation through various sources of information the company has yet been registered in Tanjung Pandan. Pursuant to the deed of notary of the company, P.T. BRI dealing with general trading, export import of agricultural commodities, industry, general contracting, trading and supplies, plantation, hatchery, land clearing, garment and textile industry, freight forwarding services, custom clearance, logistic services, custom brokerage services, trading and distribution, export import services, industry, manufacturing, general trading such as trading of technical, electrical, mechanical goods, and building material, and acting as supplier, distributor, wholesaler and agent of the companies both inside or outside the country. (Source Notary Deed of P.T. BRI). We didn’t know the complete line of business of P.T. BRI due to the complete address of the company was not found. 

 

We refrain from informing business prospect of P.T. BRI because of having yet found the complete address up to present. In view of having yet to be unknown the complete address, the company’s financial condition is as much as the company’s issued capital worth Rp. 2,000,000,000. We find that the company’s financial condition still depends on the financial condition of its shareholders being supported by the businessmen behind it.

 

Based to the company notary deed, the management of P.T. BRI is led by Mr. Riky Ralfin (35) as President Director, Mr. Rudiyanto (29) as Director and Mr. Yudhy (45) as commissioner. The management will eventually be handled by professional managers having wide relation with overseas and national private businessmen as well as with the government sectors. In view of P.T. BILLITON RUBBER INDUSTRY having yet to be unknown the complete address, we recommend that a high degree of prudence be observed in business transactions and adequate collateral from its shareholders be acquired in extending a new loan to the company.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.41

UK Pound

1

Rs.99.29

Euro

1

Rs.83.68

 

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

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.