|
Report Date : |
09.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
P.T. DELTASUPLINDO INTERNUSA |
|
|
|
|
Registered Office : |
Komplek Kebayoran Centre Blok A No.9, Jl. Kebayoran Baru,, Jakarta Selatan 12220 |
|
|
|
|
Country : |
Indonesia |
|
|
|
|
Date of Incorporation : |
25.12.1995 |
|
|
|
|
Com. Reg. No.: |
No. AHU-63851.AH.01.02.Tahun 2008 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Trading, supply and installation of generating set, technical and
mechanical equipment. |
|
|
|
|
No. of Employees : |
28 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 : |
Slow but Correct |
|
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. DELTASUPLINDO INTERNUSA
Address :
Head
Office
Komplek Kebayoran Centre Blok A No.9
Jl. Kebayoran Baru,
Jakarta Selatan 12220
Indonesia
Phones - (62-21) 739 6404, 7397106, 7397364
Fax -
(62-21) 720 5484
Email - deltasuplindo@yahoo.com
Building Area - 3 storey
Office Space - 210 sq. meters
Region - Commercial
Status - Rent
Date of
Incorporation :
23 December 1995
Legal Form :
P.T. (Perseroan Terbatas) or Limited Liability Company
Company Reg. No. :
The Ministry of Law and Human Rights
a. No. C2-11.550.HT.01.01.TH.98
Dated 19 August 1998
b. No. AHU-63851.AH.01.02.Tahun 2008
Dated 16 September
2008
Company Status :
Private National Company
Permit by the Government Department :
The Department of Finance
NPWP No. 01.780.648.0-062.000
Related/Affiliated Company :
P.T. INTI DAYA PERKASA (Trading and Supply of Generating Sets)
Capital Structure :
Authorized Capital - Rp.
1,000,000,000.-
Issued Capital - Rp.
1,000,000,000.-
Paid up Capital - Rp.
1,000,000,000.-
Shareholders/Owners :
a. Mr. Iwan
Susanto Nagaraharjo -
Rp. 400,000,000.- (40%)
Address : Jl. Kartika Utama Blok BD-3
Pondok Pinang, Jakarta
Selatan
Indonesia
b. Mr. Maio Fabianus
Susanto - Rp.
200,000,000.- (20%)
Address : Jl. Kartika Utama Blok BD-3
Pondok Pinang, Jakarta
Selatan
Indonesia
c. Ms. Maureen Mariani Susanto - Rp. 200,000,000.- (20%)
Address : Jl. Kartika Utama Blok BD-3
Pondok Pinang, Jakarta
Selatan
Indonesia
d. Mr. Marlo Billiardo
Susanto - Rp.
200,000,000.- (20%)
Address : Jl. Kartika Utama Blok BD-3
Pondok Pinang, Jakarta Selatan
Indonesia
Lines of Business :
Trading, supply and installation of generating set, technical and
mechanical equipment.
Production Capacity :
None
Total Investment :
None
Started Operation :
1996
Brand Name :
Delta Suplindo Internusa
Technical Assistance :
None
Number of Employee :
28 persons
Marketing Area :
Local - 100%
Main Customers:
Corporate and Individuals
Market Situation :
Very Competitive
Main Competitors :
a. PT. Mandiri Teknik Utama
b. PT. Hartekprima Listrindo
c. PT. Sumberdaya Sewatama
d. PT. Berkat Manunggal Energi
e. PT. Aneka Jaya Langgeng Sentosa
f. PT. Central Power Indonesia
g. PT. Siantar Tara Sejati
Business Trend :
Growing
Bankers :
a. P.T. Bank CENTRAL ASIA Tbk
Kebayoran
Baru Branch
Jl. Kyai
Maja No. 77
Kebayoran
Baru
Jakarta
Selatan
b. P.T. Bank NEGARA INDONESIA Tbk.
Kebayoran Baru Branch
Jl. Melawai Raya No. 1
Jakarta Selatan
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
Annual Sales (estimated) :
2010 – Rp. 35.6 billion
2011 – Rp. 40.5 billion
2012 – Rp. 46.0 billion
2013 – Rp. 25.9 billion (January – June)
Net Profit (estimated) :
2010 – Rp. 1.9 billion
2011 – Rp. 2.2 billion
2012 – Rp. 2.5 billion
2013 – Rp. 1.4 billion (January – June)
Payment Manner :
Average
Financial Comments :
Satisfactory
Board of Management :
President Director - Mr. Iwan Susanto Nagaraharjo
Directors - a. Mr. Mario Fabianus Susanto
b. Mr. Leonardus Agus Setiawan Nagaraharjo
c. Mr. Ramli
Hisman
Board of Commissioners :
President Commissioner - Mrs. Maureen Mariani Susanto
Commissioner - Mrs. Evi Setianingsih
Signatories :
President Director (Mr. Iwan Susanto
Nagaraharjo) or one of the Directors (Mr. Mario Fabianus Susanto, Mr. Leonardus
Agus Setiawan Nagaraharjo or Mr. Ramli Hisman) which must be approved by Board
of Commissioners (Mrs. Maurren Mariani Susanto or Mrs. Evi Setianingsih)
Management Capability :
Good
Business Morality :
Good
Credit Risk :
Below average
Credit Recommendation :
Credit can be proceeded normally
Proposed Credit Limit :
Moderate amount
PT. DELTASUPLINDO INTERNUSA (P.T. DSI), domiciled in Jakarta, was
established based on deed number 41 dated 23 December 1995 drawn up by Notary
Thilma Djohan, SH., notary in Jakarta, with an authorized capital of Rp
100,000,000.- of which Rp 25,000,000.- was issued and fully paid up. The founding shareholders of the company are
Mr. Johanes Maria Eddy Susanto Nagaraharjo (60%) and Mrs. Evi Setianingsih
(40%), both are Indonesian entrepreneurs of Chinese extraction. This Deed of Establishment had obtained the
approval of the Minister of Law and Human Rights of Republic of Indonesia with
number; C2-22.550.HT.01.01.TH.98 dated 19 August 1998. The Company’s article of association has been
amended for several times, most recently by notarial deed number 13 dated 6
August 2008 drawn up by notary Laurensia Siti Nyoman, SH., the authorized
capital was raised to Rp 1,000,000,000.- entirely was issued and fully paid
up. Since at the time, the shareholders
of the company are Mr. Iwan Susanto Nagarahardjo (40%), Mr. Mario Fabianus
Susanto (20%), Mrs. Maureen Marinai Susanto (20%) and Mr. Marlo Billiardo
Susanto (20%). This Deed of amendment
had obtained the approval of the Minister of Law and Human Rights of Republic
of Indonesia with number: AHU-63851.AH.01.02.Tahun 2008 dated 16 September
2008.
In accordance with article 3 (three) of the articles of association
contained in the deed of establishment, the scope of activities of the Company
is primarily trading business, contracting, services, agriculture, transportation,
industry, developer, supplier and printing.
In fact it is engaged in trading, supply and installation of generating
sets and technical goods. P.T. DSI has
been in operation since 2004 and the company is a specialist in the supply and
installation of generating sets, technical and mechanical equipments and safety
equipments. The merchandise products are
imported from China, India, Taiwan and others.
In marketing in the
country, P.T. DSI is supported by its affiliated company P.T. INTI DAYA PERKASA,
which already has a wide marketing network in the country. Besides the company also
provides design consultancy and installation of generating sets for their
customers in Jakarta and its surroundings.
We observed that P.T. DSI is classified as a medium sized company of its
kind in the country of which the operation has been growing in the last three
years.
Generally, local demand for generating sets, technical and mechanical
equipments had been increasing by 8% to 10% on the average per annum in the last
five years having close relation with the growth of industrial sectors in
Jakarta and other big cities in Indonesia. But since the global economic crisis
and tight money policy being imposed by Bank Indonesia in October 2008 the
demand was decreased within due to a poor economic condition, decreasing income
per capita and a weak in public purchasing power. The demand was increasing in the early 2009
due to economic condition was gradually recovery in the country. The growth
rate is now estimated at 5% to 6% per year. Market competition is very tight
due to a large number of similar companies operating in the country. Business position of P.T. DSI is still good
for the company has regular customers in the country especially in Jakarta and
its surroundings.
Until this time P.T. DSI has not
been registered with Indonesian Stock Exchange, so that they shall not obliged
to announce their financial statement. Therefore, the company has no obligation
to publish financial statement publicly. We have checked to Department of Trade
and Industry and found that no financial statement has been reported. P.T.
DSI’s management is very reclusive to outsider and rejecting to disclose its
financial condition but we estimated the total sales turnover of the company in
2010 amounted to Rp. 35.6 billion increased to Rp. 40.5 billion in 2011 and
rose again to Rp. 46.0 billion in 2012.
The operation in 2012 yielded a net profit at least Rp. 2.5 billion and
the company has a total net worth of Rp. 12.0 billion. It is projected that total sales turnover of
the company will increase at least 8% in 2013. So far we did not hear that P.T. DSI has
been black listed by Bank Indonesia (Central Bank) or having detrimental cases
being settled in local district court. Payment condition for domestic and
overseas suppliers is good with the credit payment system of 1 month to 3
months.
The management of P.T. DSI is headed by Mr. Iwan Susanto Nagaraharjo
(63) as President Director and CEO of the company. He is a businessman with
more than about 20 years experience in trading, supply and installation of
generating sets. In daily activities, he
is assisted by three directors namely Mr. Mario Fabianus Susanto (34), Mr.
Leonardus Agus Setiawan Nagaraharjo (54) and Mr. Ramli Hisman (48). The company’s management is having wide
relation with private companies of home and overseas as well as with the
government sectors. 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. DSI is appraised to be good for business transaction. However, in
view of the unstable economic condition in the country we recommend to treat
prudently in extending a loan to the company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
|
1 |
Rs.99.20 |
|
Euro |
1 |
Rs.83.69 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.