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Report Date : |
23.10.2013 |
IDENTIFICATION DETAILS
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Name : |
P.T. UNIPRADANA
KRESNAAGUNG |
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Registered Office : |
Ruko Tomang Tol Block II-A No. 28 Jalan Kedoya Angsana Raya Kedoya |
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Country : |
Indonesia |
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Date of Incorporation : |
08.03.1991 |
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Com. Reg. No.: |
No. AHU-44789.AH.01.02.TH.2009 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading and Distribution of Plastic Molding Machine and Plastic Basic
Materials |
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No. of Employees : |
18 persons |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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) |
|
|
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
|
Source
: CIA |
Correct Name of Company :
P.T. UNIPRADANA KRESNAAGUNG
Address :
Head Office
Ruko Tomang Tol Block II-A No. 28
Jalan Kedoya Angsana Raya
Kedoya
Jakarta Barat 11520
Indonesia
Phones -
(62-21) 5804703, 5806063
Fax -
(62-21) 5803044, 5803002
E-mail - unikres@indo.net.id
Building Area - 2 storey
Office Space - 100 sq. meters
Region - Commercial
Status - Owned
Date of
Incorporation :
8 March 1991
Legal Form :
P.T. (Perseroan Terbatas) or Limited Liability Company
Company Reg. No. :
The Ministry of Law and Human Rights
No. AHU-44789.AH.01.02.TH.2009
Dated 11 September 2009
Company Status :
Private National Company
Permit by the Government Department :
The Department of Finance
NPWP No. 01.539.277.2-038.000
The Department of Industry and Trade
TDP No. 09.02.1.51.02470
Dated 30 April 2007
Related/Affiliated Company :
P.T. UNIPLASTIKA KIMIATAMA (Trading and Distribution of Plastic
Chemicals)
Capital Structure :
Authorized Capital - Rp.
500,000,000.-
Issued Capital - Rp. 250,000,000.-
Paid up Capital - Rp. 250,000,000.-
Shareholders/Owners :
a. Mrs. Fong Nathalia - Rp.
200,000,000.- (80%)
Address : Green Garden Block M-4/9, RT. 010 RW. 001
Kelurahan Kedoya Utara,
Kecamatan Kebon
Jeruk, Jakarta Barat
Indonesia
b. Mr. Ir. Rusly Wijaya - Rp. 50,000,000.- (20%)
Address : Jl. Surya Timur Block B No.1, RT. 002 RW. 005
Kelurahan Kedoya Utara
Kecamatan Kebon Jeruk, Jakarta
Barat
Indonesia
Lines of Business :
Trading and Distribution of Plastic Molding Machine and Plastic Basic
Materials
Production Capacity :
None
Total Investment :
None
Started Operation :
June 1991
Brand Name :
Unipradana Kresnaagung
Technical Assistance :
None
Number of Employee :
18 persons
Marketing Area :
Local - 100%
Main Customer :
Plastic Industries
Market Situation :
Very Competitive
Main Competitors :
a. P.T. BRATACO
b. P.T. CHEMIFIN JAYA UTAMA
c. P.T. MAKRO CHEMINDO
d. P.T. PRAGLAS RAYA
e. Etc.
Business Trend :
Growing
Bankers :
a. P.T. Bank PERMATA Tbk
Kompleks
Pertokoan Tomang Tol Raya Block I/6
Jalan Kedoya Agave Raya
Jakarta
Barat
Indonesia
b. P.T. Bank CENTRAL ASIA
Tbk
Ruko Tomang Tol Raya Block A-1/21-22
Jakarta
Barat
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
Annual Sales (estimated) :
2010 – Rp. 13.0 billion
2011 – Rp. 14.2 billion
2012 – Rp. 15.5 billion
2013 – Rp. 8.7 billion (January
– June)
Net Profit (estimated) :
2010 – Rp. 650 million
2011 – Rp. 710 million
2012 – Rp. 750 million
2013 – Rp. 420 million (January – June)
Payment Manner :
Average
Financial Comments :
Satisfactory
Board of Management :
President Director - Mrs. Fong Nathalia
Director - Mrs. Glenda Wijaya
Board of Commissioners :
Commissioner - Mrs. Fong Amelia Suryadana
Signatories :
President Director (Mrs. Fong Nathalia)
or the Director (Mrs. Glenda Wijaya) which must be approved by Board of
Commissioner
Management Capability :
Good
Business Morality :
Good
Credit Risk :
Average
Credit Recommendation :
Credit should be proceeded with monitor
Proposed Credit Limit :
Small amount – periodical review
P.T. UNIPRADANA KRESNAAGUNG (P.T. UK) was established in Jakarta on March
8, 1991 with an authorized capital of Rp. 100,000,000 issued and paid up
capital of Rp. 50,000,000. The founding shareholders are Mrs. Fong Nathalia,
Mr. Lie Se Je and Ir. Rusdy Wijaya, they are Indonesian entrepreneurs of
Chinese extraction. This Deed of
establishment has been approved by the Minister of Justice of the Republic of
Indonesia through its Decision Letter No. C2-10621.HT.01.01.TH.92 dated 31
December 1992. The company notary Deed had been changed and in August 1998 Mr.
Lie Se Je pulled out and replaced by Mrs. Susylia Suhana as new shareholder.
Then in April 2004, Mrs. Susylia Suhana withdrew and the whole share sold to
above shareholders. On the same occasion the authorized capital was increased
to Rp. 500,000,000 issued capital to Rp. 200,000,000 fully and paid up.
The latest in August 2009 the issued capital was increased to Rp.
250,000,000 entirely paid up. With this development the composition of its
shareholders has been changed to become Mrs. Fong Nathalia (80%) and Mr. Ir.
Rusly Wijaya (20%). The deed of amendment was made by Mr. Haji Dana Sasmita,
SH., was approved by the Ministry of Law and Human Right in its Decision Letter
No. AHU-44789.AH.01.02.TH.2009, dated September 11, 2009.
We observe that Mrs. Fong Nathalia is also founder and business stakes
owner of P.T. UNIPLASTIKA KIMIATAMA engaged in trading and distribution of
chemicals.
P.T. UK had been operating since June 1991 in the trading of plastic
molding machine and plastic basic materials. It is an agent for BAERLOCHER
Plastic Compound of Singapore; BATTENFELD Plastic Molding Machines of Germany
and ZEPPELIN REIMELT GmbH of Germany. Besides, it also sells plastic basic
materials like PVC resins both local and imported products. The products of
P.T. UK are marketed among plastic packaging industry, plastic pipe industry,
polymer and non polymer industry, colours and paint industry, and other plastic
goods industry in Jakarta, Bandung (West Java) and Surabaya (East Java). The
whole products are supplied to P.T. ASIAPLAST INDUSTRIES Tbk, P.T. UNIKEMAS
PLASTINDO, P.T. POLIKEMAS SANPUTRA and etc. The operation slowed down in the
period of October 2008 in line with lack of demand for plastic goods in the
country as the impact of global economic crisis. But since the early 2009 the
operation rose again in line with amelioration of economic condition in the
country. We observed that P.T. UK is
classified as a small-sized company of its kind in the country of which the
operation has been growing in the last three years.
The domestic demand for plastic molding machine and plastic basic
materials had been rising by 8% to 10% on the average per annum in the last
five years in line with the rapid growth of various industrial sectors
including plastic household industries, plastic pipe industries, plastic toys
industries, automotive and motorcycle plastic parts industries and others. But, as from October 2008, the demand growth
for plastic molding machine and plastic basic materials has kept on dwindling
as an impact of global economic crisis as told above. 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 7% per year. Market competition is very tight
due to a large number of similar companies operating in the country. Business position of P.T. UK is favorable
for it has controlled a wide marketing network at home and their product has
been widely known among consumers in the country.
Until this time P.T. UK has not been registered with Indonesian Stock
Exchange, so that they shall not obliged to announce their financial statement.
The management of P.T. UK is very reclusive towards outsiders and rejected to
disclose its financial condition. We observed that total sales turnover of the
company in 2010 amounted to Rp. 13.0 billion rose to Rp. 14.2 billion in 2011
increased to Rp. 15.5 billion in 2012 and projected to go on rising by at least
8% in 2013. The operation in 2012 yielded an estimated net profit of at least
Rp. 750 million and the company has an estimated total networth of at least Rp.
5.0 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. UK is led by Mrs. Fong Nathalia (60) as president
director, a businesswoman with experience in trading, import and distribution
of plastic molding machine and plastic basic materials. Daily activity she is assisted by her
daughter namely Mrs. Glenda Wijaya (26) 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. UNIPRADANA KRESNAAGUNG is sufficiently fairly good for business
transaction. However, in view of the economic condition in the country is still
unstable, we recommend to treat
prudently in extending any new loan to the company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.78 |
|
|
1 |
Rs.99.66 |
|
Euro |
1 |
Rs.84.49 |
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 |
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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 |
|
<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.