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Report Date : |
06.04.2014 |
IDENTIFICATION DETAILS
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Name : |
P.T. AGRO WIJAYA |
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Registered Office : |
Mutiara Taman Palem Block C-7 No. 15 Jalan Lingkar Luar Kamal Raya Cengkareng Timur, Cengkareng Jakarta Barat, 11730 |
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Country : |
Indonesia |
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Date of Incorporation : |
18.04.2013 |
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Com. Reg. No.: |
No. AHU-31009.AH.01.01.TH.2013 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading, Distribution and Exporter of Agricultural Commodities
Products |
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No. of Employees |
16 persons |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Indonesia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDONESIA - ECONOMIC OVERVIEW
Indonesia, a vast polyglot nation, has grown strongly since 2010.
During the global financial crisis, Indonesia outperformed its regional
neighbors and joined China and India as the only G20 members posting growth.
The government has promoted fiscally conservative policies, resulting in a
debt-to-GDP ratio of less than 25% 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 also faces the
challenges of quelling labor unrest and reducing fuel subsidies in the face of
high oil prices.
|
Source
: CIA |
Name of Company :
P.T. AGRO WIJAYA
Address :
Head Office
Mutiara Taman Palem Block C-7 No. 15
Jalan Lingkar Luar Kamal Raya
Cengkareng Timur, Cengkareng
Jakarta Barat, 11730
Indonesia
Phones -
(62-21) 586 3851
Fax - (62-21) 586 3851
Mobile Phone - 08213 9760599 (Mr.
Rudy Wijaya)
Building Area - 2 storey
Office Space - 130 sq. meters
Region - Commercial
Status - Rent
Date of
Incorporation :
18 April 2013
Legal Form :
P.T. (Perseroan Terbatas) or Limited Liability Company
Company Reg. No. :
The Ministry of
Law and Human Rights
No. AHU-31009.AH.01.01.TH.2013
Dated 10 June 2013
Company Status :
National Private Company
Permit by the Government Department :
The Department of
Finance
Not Available
Related Company :
P.T. GRASSE ARUM LESTARI (Trading and Distribution of Methyl Bromide)
Capital Structure :
Authorized Capital : Rp.
12,000,000,000.-
Issued Capital : Rp.
12,000,000,000.-
Paid up Capital : Rp.
12,000,000,000.-
Shareholders/Owners :
a. Mr. Rudy Wijaya -
Rp. 6,000,000,000.-
Address : Jl.
Kertanegara V Link. Pattimura, RT. 002
RW. 033, Kelurahan Jember
Kidul, Kecamatan
Kaliwates, Jember, East
Java
Indonesia
b. Ms. Danny -
Rp. 6,000,000,000.-
Address : Jl. Bandung No. 2
Kelurahan Pasar baru,
Kecamatan Medan
Kota, Medan, North Sumatera
Indonesia
Lines of Business :
Trading, Distribution and Exporter of Agricultural Commodities Products
Production Capacity :
None
Total Investment :
None
Started Operation :
June 2013
Brand Name :
Agro Wijaya
Technical Assistance :
None
Number of Employee :
16 persons
Marketing Area :
Export - 100%
Main Customer :
Buyers in Asian countries, Mid East, Africa, Europe Union
Market Situation :
Very Competitive
Main Competitors :
a. P.T. ALAM INDORAMA
b. P.T. ASIA AGROMAS ABADI
c. AGRIM INDUSTRIES
d. C.V. JAYA BERSAMA
e. Etc.
Business Trend :
Growing
B a n k e r :
P.T. Bank CENTRAL ASIA Tbk
Ruko Mutiara Taman Palem
Jalan Lingkar Luar Kamal Raya
Jakarta Barat
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
Annual Sales (estimated) :
2013 – Rp. 7.0 billion (June – December)
Net Profit (estimated) :
2013 – Rp. 0.4 billion (June – December)
Payment Manner :
Average
Financial Comments :
Satisfactory
Board of Management :
Director - Mr. Rudy Wijaya
Board of Commissioners :
Commissioner - Ms. Danny
Signatories :
Director (Mr. Rudy Wijaya) 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. AGRO WIJAYA (P.T. AW) was set-up in Jakarta based on notary deed
Mr.Jansehat Aritonang, SH., No. 3 dated 8 April 2013 with the authorized
capital of Rp. 12,000,000,000 wholly issued and paid up. The company was
founded by Mr. Rudy Wijaya (50%) and Ms. Danny (50%), both of 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-31009.AH.01.01.TH.2013 dated June 10, 2013.
P.T. AW started to be operating since June 2013 dealing with trading,
distribution and exporter of agricultural commodities products. The agriculture
products are candle nuts, ginger, betel nuts, coffee beans, hazelnut,
dessicated coconut, cinnamon/cassia vera, cocoa powder, washed ginger, fresh
ginger and others. The company emphasizes on developing trusted and long
lasting relationship with its buyers and suppliers. The whole products obtained
from North Sumatera, Nagroe Aceh Darusalam, Jambi, Lampung, Central Java, East
Java, Sulawesi and other island of Indonesia. Later the whole products exported
to India, Pakistan, Middle East, Africa, Europe and other countries. Since it
follows strict quality control measures from the initial stage of procurement
and processing until the shipment is effected, the company has developed a
reputation for supplying consistent quality products with reliable services and
commitments. We observe that P.T. AW is classified a small size company of its
kinds with operation has been running smoothly in the last six months.
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
P.T. AW to be in a quite favorable position for having already got hold of a
steady clientele in the country and abroad.
Until this time P.T. AW has not been registered with Indonesian Stock
Exchange, so that they had not obliged to announce their financial statement.
The management of P.T. AW 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 June to December 2013 amounted to Rp. 7.0
billion and projected to go on rising by at least 6% in 2014. The operation in
2013 yielded an estimated net profit of at least Rp. 0.4 billion and the
company has an estimated total networth of at least Rp. 12.0 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. AW is led by Mr. Rudy Wijaya (34) a businessman
and professional manager with experience in trading, distribution and export of
agriculture products. He graduated and reached Dipl. Engineer in Chemical from
Aachen Technical University, Germany, 1977. Prior he also works as Sales
Manager at P.T. BASF INDONESIA. 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. AGRO WIJAYA is sufficiently fairly good for business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.32 |
|
UK Pound |
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
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|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<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.