|
Report Date : |
20.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
P.T. INTI BUMI
ALAM LESTARI |
|
|
|
|
Registered Office : |
Komplek Medan Mega Trade Center Block D No. 91, Jalan
Williem Iskandar (Pancing), Kelurahan Percut Sei Tuan, Kecamatan Deli
Serdang, Medan, 20122 North Sumatra |
|
|
|
|
Country : |
Indonesia |
|
|
|
|
Date of Incorporation : |
07.07.2008 |
|
|
|
|
Com. Reg. No.: |
No.
AHU-67503.AH.01.01.TH.2008 |
|
|
|
|
Legal Form : |
Limited
Liability Company |
|
|
|
|
Line of Business : |
Trading, Import and Distribution of Agriculture Commodities Products |
|
|
|
|
No. of Employees : |
11 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
No complaints |
|
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. INTI
BUMI ALAM LESTARI
A d d r e s s
:
Register Office
Komplek Medan Mega Trade Center Block D No. 91
Jalan Williem Iskandar (Pancing)
Kelurahan Percut Sei Tuan, Kecamatan Deli Serdang
Medan, 20122
North Sumatra
Indonesia
Phones -
(62-61) Not Available
Fax - (62-61) Not Available
Building Area - 2 storey
Office Space - 110 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation :
7 July 2008
Legal Form :
P.T. (Perseroan
Terbatas) or Limited Liability Company
Company Reg.
No. :
The Ministry of Law and Human Rights
No.
AHU-67503.AH.01.01.TH.2008
Dated 22
September 2008
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. 250,000,000.-
Paid up Capital : Rp. 250,000,000.-
Shareholders/Owners
:
a. Mr. Arif Mulyadi Oetman - Rp. 100,000,000.-
Address :
Jl. Kapten Pattimura No. 143
Kelurahan
Darat, Kecamatan Medan Baru
North Sumatra
Indonesia
b. Mr. Soedharma -
Rp. 50,000,000.-
Address : Jl. K.L. Yos Sudarso (Sari Mas) No. 1-FF
Kelurahan Silalas,
Kecamatan Medan Barat
Medan, North
Sumatra
Indonesia
c. Mr. Ruslan Dani Siregar, SE - Rp. 50,000,000.-
Address : Jl. Sisingamangaraja GG. Indrajit No. 14
Kelurahan Teladan Barat, Kecamatan
Medan
Kota, Medan,
North Sumatra
Indonesia
d. Mr. Budy Bunyamin -
Rp. 50,000,000.-
Address : Jl. Pasar III No.
66-RR
Kelurahan Tegal
Rejo, Kecamatan Medan
Perjuangan,
Medan, North Sumatra
Indonesia
Lines of
Business :
Trading, Import
and Distribution of Agriculture Commodities Products
Production
Capacity :
None
Total
Investment :
None
Started
Operation :
2009
Brand Name :
Inti Bumi Alam
Lestari
Technical
Assistance :
None
Number of
Employee :
11 persons
Marketing Area
:
Local - 100%
Main Customer
:
Traditional
Market
Market
Situation :
Very Competitive
Main
Competitors :
a. P.T. LANNGENG
PUTRA MANDIRI
b. P.T. LIKA DAYATAMA
c. C.V. MEKAR JAYA
d. P.T. RIDHO SRIBUMI SEJAHTERA
Business Trend
:
Growing
B a n k e r :
P.T. Bank CENTRAL
ASIA Tbk
Jalan Williem
Iskandar (Pancing)
Medan, North
Sumatera
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
Annual Sales
(estimated) :
2010 – Rp. 28.2
billion
2011 – Rp. 30.6
billion
2012 – Rp. 33.5
billion
Net Profit
(estimated) :
2010 – Rp. 1.4
billion
2011 – Rp. 1.5
billion
2012 – Rp. 1.7
billion
Payment Manner
:
Average
Financial
Comments :
Satisfactory
Board of Management :
President Director - Mr. Soedharma
Director -
Mr. Ruslan Dani Siregar, SE
Board of Commissioners :
President Commissioner -
Mr. Arif Mulyadi Oetman
Commissioner -
Mr. Budy Bunyamin
Signatories :
President Director (Mr.
Soedharma) or the Director (Mr. Ruslan Dani Siregar, SE) 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
P.T. INTI BUMI
ALAM LESTARI (P.T. IBAL) was established in Medan, North Sumatra based on
notary deed of Mr. San Smith, SH., No. 26 dated 7 July 2008 with the authorized
capital of Rp. 1,000,000,000 issued capital of Rp. 250,000,000 fully and paid
up. The founding and shareholders of the company are Mr. Arif Mulyadi Oetman
(40%), Mr. Soedharma (20%), Mr. Budy Bunyamin (20%) the three all Indonesian
businessmen of Chinese descent and Mr. Ruslan Dani Siregar, SE (20%) an
indigenous businessman. The notary deed of incorporation was approved by the
Ministry of Law and Human Rights in its decision letter No.
AHU-67503.AH.01.01.TH.2008 dated September 22, 2008.
According to the
notary deed, P.T. IBAL registered its office located at Medan Mega Trade Center
Block D No. 91, Jalan Williem Iskandar (Pancing), Medan, North Sumatera.
However after clarification through Telkom Information Medan, P.T. IBAL has yet
been registered in the Telkom Medan Book Directory.
According
information from Department of Industry & Trade, P.T. IBAL office
registered on the above address, but there is no phone available. According
information P.T. IBAL is a private company started to be operating in 2010
dealing with trading, export import of agriculture commodities products.
According information from Department of Industry and Trade, explained P.T.
IBAL engaged in trading, export import services by imported of various
agriculture commodities. The company has reached a license from Department of
Trade import quota of 1,862 tons of garlic from India. The company explained
that the company sells and distributed of agricultural products such as garlic,
black pepper, groundnut, red onion, green bean, dates, soy bean and legume.
P.T. IBAL imported of garlic, red onion imported from India and China; black
pepper from India; dates from Egypt; groundnut from India and Vietnam and
legume from China and also soy bean from Vietnam. Then, the whole product like
garlic, ground nut, black pepper, dates, soy bean marketed locally through
traditional market in North Sumatra and surroundings.
However
according information from Business Competition Supervisory Commission (KPPU)
declared 19 companies indicated to garlic trade cartel period November 2012 –
February 2013 that triggered the commodity prices soared. Practice cartel conducted 19 companies that violate
Article 11, Article 19C and Article 24 of Law no. 5 Year 1999 concerning
Prohibition of Monopolistic Practices and Unfair Business Competition,"
said the Commission's Commissioner Sukarmi, after chairing a preliminary hearing
related to the importation of garlic.
According to Mrs. Sukarmi, in the examination of 19
companies as garlic importers reported involved in unfair business competition
and practice cartel, are P.T. INTI BUMI ALAM LESTARI, C.V. MAHKOTA BARU, C.V.
BINTANG, C.V. Karya Pratama, C.V. Mekar Jaya, P.T. Dakai Impex, P.T. Dwi
Tunggal Buana, P.T. Global Sarana Perkasa, P.T. Lika Dayatama, P.T. Mulya Agung
Dirgantara, P.T. Sumber Alam Jaya Perkasa. After the KPPU reports P.T. IBAL
very closed to the outside to provide information on the activities of the
company.
We have noticed that the
demand for agricultural products had increased some 10% to 11% per annum in the
last five years in line with the growth of industrial manufacturing in the
country and international market. In the coming years, the growth rate of
demand is estimated at about 6% to 7% per annum. The present market situation
for agricultural products is very competitive for a large number of similar
companies operating in the country. Meanwhile, competition is quite heavy in
the export import of agricultural products with many companies now doing
business in this field in Indonesia. We consider P.T. IBALto be in a quite
favorable position for having already got hold of a steady clientele in North
Sumatra.
Until this time
P.T. IBAL 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 2010 amounted to Rp. 28.2 billion rose to Rp. 30.6 billion in
2011 increased to Rp. 33.5 billion in 2012 and projected to go on rising by at
least 4% in 2013. The operation in 2012 yielded an estimated net profit of at
least Rp. 1.7 billion and the company has an estimated total networth of at
least Rp. 3.0 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. IBAL is led by Mr. Soedharma (50) a businessman with experience in
trading, export import and distribution of agriculture commodities products.
Daily activity he is assisted by Mr. Ruslan Dani Siregar, SE (42) 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. However, in view of the negative factor surrounded P.T. INTI BUMI
ALAM LESTARI we recommend to treat prudently in extending a loan to the
company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.78 |
|
|
1 |
Rs.99.56 |
|
Euro |
1 |
Rs.83.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.