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Report Date : |
02.09.2013 |
IDENTIFICATION DETAILS
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Name : |
P.T. ADIDAYA
PRIMA MARMER |
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Registered Office : |
Jalan Rawasari No. 11 B Kelurahan Cempaka Putih
Timur, Kecamatan Cempaka Putih Jakarta Pusat, 10570 |
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Country : |
Indonesia |
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Date of Incorporation : |
14.03.2013 |
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Com. Reg. No.: |
No. AHU-22977.AH.01.01.TH.2013 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading, Wholesaler of Granite and Marble |
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No. of Employees : |
17 persons |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
---- |
NB |
New Business |
---- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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) |
|
Indonesia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
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.
|
Source
: CIA |
Name of Company :
P.T. ADIDAYA PRIMA MARMER
Address :
Head Office &
Showroom
Jalan Rawasari No. 11 B
Kelurahan Cempaka Putih Timur, Kecamatan Cempaka
Putih
Jakarta Pusat, 10570
Indonesia
Phones -
(62-21) 4280 2735, 4280 2736
Fax - (62-21) 420 4635
E-mail - info@adidayaprima.com
Website - http://www.adidayaprima.com
Building Area - 2 storey
Office Space - 230 sq. meters
Region - Commercial
Status - Rent
Date of
Incorporation :
14 March 2013
Legal Form :
P.T. (Perseroan Terbatas) or Limited Liability Company
Company Reg. No. :
The Ministry of
Law and Human Rights
No. AHU-22977.AH.01.01.TH.2013
Dated 30 April 2013
Company Status :
National Private Company
Permit by the Government Department :
The Department of
Finance
Not Available
Related Company :
None
Capital Structure :
Authorized Capital : Rp.
1,000,000,000.-
Issued Capital : Rp. 600,000,000.-
Paid up Capital : Rp. 600,000,000.-
Shareholders/Owners :
a. Mr. Kesatria Hamdani -
Rp. 240,000,000.-
Address : Jl. Cempaka Putih Indah Kav. 85, RT. 12 RW. 007
Kelurahan Cempaka Putih
Timur, Kecamatan
Cempaka Putih, Jakarta
Pusat
Indonesia
b. Mr. Kusnadi -
Rp. 240,000,000.-
Address
: Jl. Teluk Gong B No. 40,RT. 013 RW. 010
Kelurahan Tanjung Priok,
Kecamatan Tanjung
Priok, Jakarta Utara
Indonesia
b. Mrs. Saliani -
Rp. 120,000,000.-
Address : Jl. Cempaka
Putih Indah Kav. 85, RT. 12 RW. 007
Kelurahan Cempaka Putih Timur, Kecamatan
Cempaka Putih, Jakarta
Pusat
Indonesia
Lines of Business :
Trading, Wholesaler of Granite and Marble
Production Capacity :
None
Total Investment :
None
Started Operation :
April 2013
Brand Name :
AD-P Marmer
Technical Assistance :
None
Number of Employee :
17 persons
Marketing Area :
Local - 100%
Main Customer :
Building contracting
Market Situation :
Very Competitive
Main Competitors :
a. ACEH BARU KERAMIK
b. P.T. ADHINATA KARYA MARMER
c. P.T. ADIDAYA PRIMA MARMER
d. P.T. ALAM SURYA RAYA INDAH
Business Trend :
Growing
B a n k e r :
P.T. Bank CENTRAL ASIA Tbk
Jalan Rawasari Selatan No. 28
Jakarta Pusat
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
Annual Sales (estimated) :
2013 – Rp. 1.0 billion (April – July)
Net Profit (estimated) :
2013 – None
Payment Manner :
Average
Financial Comments :
Satisfactory
Board of Management :
President Director - Mr. Kesatria Hamdani
Director - Mrs. Saliani
Board of Commissioners :
Commissioner - Mr. Kusnadi
Signatories :
President Director (Mr. Kesatria
Hamdani) or the Director (Mrs. Saliani) which must be approved by Board of
Commissioner
Management Capability :
Satisfactory
Business Morality :
Satisfactory
Credit Risk :
Average
Credit Recommendation :
Credit should be proceeded with monitor
Proposed Credit Limit :
Small amount – periodical review
Based on investigation the correct name of the Subject is P.T. ADIDAYA
PRIMA MARMER not AD-P as stated in your order ref. no. 232732 dated 14 August
2013.
P.T. ADIDAYA PRIMA MARMER (P.T. ADPM) was established in Jakarta based
on notary deed of Mrs. Esti Paranti, SH., M.Kn., No. 05 dated 14 March 2013
with the authorized capital of Rp. 1,000,000,000 issued capital of Rp.
600,000,000 fully and paid up. The company was founded by Mr. Kesatria Hamdani
(40%), his wife Mrs. Saliani (20%) and their business partners Mr. Kusnadi
(40%), they all 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-22977.AH.01.01.TH.2013 dated April 30, 2013.
P.T. ADPM or also known as AD-P MARMER is a national private company engaged
in trading and wholesaler of marble and granite by taking over activities of
Toko AD-P MARMER a sole proprietary company which established in 2009. AD-P
MARMER is a wholesaler of marble, granite and natural stone products, this
makes all marble & granite a true one-stop-shopping solution for customer
needs especially CRYSTALLINE MARBLE. The products are available in Jakarta and
surrounding areas in Indonesia. Marble is a non foliated metamorphic rock resulting from the metamorphism of limestone, composed mostly of calcite . It is extensively used for sculpture, as a building material, and in many other
applications.
The word "marble" is colloquially used to refer to many other
stones that are capable of taking a high polish. Crystalline Marble is a white
marble with black / grey line this marble is suitable using for room interior
because its bright color can match for any room purpose. According information
the company sells of various types of marble and granite both locals and
overseas. Some of the granite and marble imported from China, India, Turkey,
Italy, Brazil, Africa, as well as locals. The whole granite and marble marketed
locally especially through building contractors, housing & real estate
contractors in Jakarta and surroundings. We observe the operation of P.T. ADPM
or AD-P MARMER has been growing and classified a small size wholesaler marble
and granite in the country.
In general, demand for ceramic tile and other
ceramic increased in the last five years. On the others side of the ceramic
export market conditions even more alarming because of a decline in the last
three years. With the domestic market is still huge and the limited
utilization, ceramics companies in the country was no longer rely on export
markets. Demand from the outside there is no movement increases. In terms of
marketing, ceramic products in the domestic market has not encountered
significant obstacles. In fact, local ceramic products are far superior when
compared to the products of China (China), especially in terms of competitive
prices. However, the growth of the ceramics industry in the country is
relatively stagnant. Gas supply limitations make this industry can not grow
more rapidly and take advantage of existing market optimally. Limited gas
supply constraints also one new investment interest in the ceramic industry
sector. The government was expected to make sure and prioritizing the needs of
the gas supply to the industry in the country, rather than exporting it.
Thus, utilization of industrial ceramic production
in the country could be maximized. Indonesian Ceramic Industry Association
(Asaki) estimated production of ceramics by the end of 2012 reached 330 million
square meters, up 10% over last year's realization of 300 million square meters
thanks to the improving macro-economic conditions nationwide. For this year,
the national ceramics production can penetrate 330 million square meters, an
increase of 10% due to improved macroeconomic nationwide. This is impacting on
the growing purchasing power. Improved macro-economic conditions nationwide,
according to Elisa (Asaki) makes the construction of both residential property
and office continues to grow, contribute to a ceramics manufacturer in the
country to increase production capacity. The increase in production capacity of
ceramic is also supported by the additional supply of gas because the gas
supply increasingly filled the ceramic industry can produce optimal.
Production Capacity and Export Value of National Ceramic Industry, 2008 –
2012
|
Year |
Production (Million Sq.
Meters) |
Export (Thousand
US$) |
|
2008 |
264.0 |
33,614.4 |
|
2009 |
281.9 |
29,087.0 |
|
2010 |
327.0 |
22,824.3 |
|
2011 |
300.0 |
17,204.2 |
|
2012 |
330.0 |
18,924.6 |
Source: Department of Industry and Trade (Processed by ICB)
Until this time AD-P MARMER 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 the first year operation April to July 2013 amounted
to Rp. 1.0 billion and projected to go on rising by at least 6% in 204. The
operation in 2013 has no yielded net profit because just new in operation. It
is projected the company has an estimated total netwoth by 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 AD-P MARMER is led by Mr. Kesatria Hamdani (37) a
businessman with experience in trading, wholesaler and distribution of granite
and marble. In daily operation he is assisted by his wife Mrs. Saliani (43) 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. ADIDAYA PRIMA MARMER
or AD-P MARMER is sufficiently fairly good for business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.57 |
|
|
1 |
Rs.103.34 |
|
Euro |
1 |
Rs.88.16 |
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 |
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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 |
|
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 |
|
---- |
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.