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Report Date : |
09.04.2014 |
IDENTIFICATION DETAILS
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Name : |
P.T. PANDURASA KHARISMA |
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Registered Office : |
Jalan Indo Karya II, Blok G No. 5, Sunter Agung Podomoro, Papanggo, Tanjung Priok, Jakarta Utara 14340 |
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Country : |
Indonesia |
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Date of Incorporation : |
15.05.1997 |
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Com. Reg. No.: |
No. AHU-AH.01.10-27001 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading, Import and Distribution of Food and
Beverage Products |
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No. of Employees : |
70 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Indonesia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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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,
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. PANDURASA
KHARISMA
A d d r e s s :
Head Office
Jalan Indo Karya II, Blok G No. 5
Sunter Agung Podomoro
Papanggo, Tanjung Priok
Jakarta Utara 14340
Indonesia
Phone -
(62-21) 650 5335 (hunting)
Fax - (62-21) 650 5328
E-Mail - sales@pandurasa.co.id
Website - http://www.pandurasa.co.id
Building Area - 3 storey
Office Space - 240 sq. meters
Region - Commercial
Status - Owned
Date of
Incorporation :
15 May 1997
Legal Form :
P.T. (Perseroan Terbatas) or Limited Liability Company
Company Reg. No. :
The Ministry of Laws and Human Rights
a. No. C-00064 HT.01.04.TH.2003
Dated
03 February 2003
b. No. AHU-42109.AH.01.02.Tahun 2008
Dated
17 July 2008
c. No. AHU-AH.01.10-27001
Dated
03 July 2013
Company
Status :
Domestic Private Company
Permit by the
Government Department :
The Department of Finance
NPWP No. 01.785.452.2-042.000
Related/Affiliated Company :
Not available
Capital Structure :
Authorized Capital - Rp. 1,000,000,000.-
Issued Capital -
Rp. 500,000,000.-
Paid up Capital - Rp.
500,000,000.-
Shareholders/Owners :
a. Mr. Soeman Santoso -
Rp. 495,000,000.- (99%)
Address : Jl. Purwakarta No. 18
Menteng, Central Jakarta
Indonesia
b. Mr. Kheng Dro Yohnny -
Rp. 5,000,000.- ( 1%)
Address : Kavling Polri Blok A
XIX/430
Jelambar, Grogol, West
Jakarta
Indonesia
Lines of Business :
Trading, Import and Distribution of Food and
Beverage Products
Production Capacity :
None
Total Investment :
None
Started Operation :
June 1997
Brand Name :
PANDURASA
Technical Assistance :
None
Number of Employee :
70 persons
Marketing Area :
Domestic
- 100%
Main Customers :
a. Hypermarkets, Supermarkets, Convenience
Store
b. Hotels and Restaurant
c. Hospital, Airline Catering, Café, School
Market Situation :
Very Competitive
Main Competitors :
a. P.T. Anugerah Buana Utama
b. P.T. Fajar Mekar Indah
c. P.T. Segar Manis Mata
d. P.T. Wigah Perkasa
e. P.T. Agroindo
Usahajaya
f. Etc.
Business Trend :
Growing
B a n k e r s :
a. P.T.
Bank CENTRAL ASIA Tbk.
Wisma BCA
Jl. Jend. Sudirman Kav. 22-23
Jakarta Selatan
Indonesia
b. P.T.
Bank NEGARA INDONESIA Tbk.
Wisma Kota BNI 46
Jalan
Jend. Sudirman Kav. 1
Jakarta
Selatan
Indonesia
Auditor :
Internal
Auditor
Litigation :
No litigation record in our database
Annual Sales (estimated) :
2010 – Rp.
64.8 billion
2011 – Rp.
98.0 billion
2012 – Rp. 112.6 billion
2013 – Rp. 128.0 billion
Net Profit (estimated) :
2010 – Rp. 3.1 billion
2011 – Rp. 4.6 billion
2012 – Rp. 5.2 billion
2013 – Rp. 5.9 billion
Payment Manner :
Almost Promptly
Financial Comments :
Satisfactory
Board of Management :
Director - Mr. Soeman Santoso
General
Manager - Mr. Roland Santoso
Board of Commissioners :
Commissioners -
Mr. Kheng Dro Yohnny
Signatories :
The Directors
(Mr. Soeman Santoso) which must be approved by Board of Commissioner (Mr. Kheng
Dro Yohnny)
Management Capability :
Good
Business Morality :
Good
P.T. PANDURASA KHARISMA (P.T. PK) was established on May 1997 with an
authorized capital of Rp. 200,000,000.- issued capital of Rp. 100,000,000.- wholly
paid-up. Founders and shareholders are Mr. Soeman Santoso and Mrs. Soemiati
Kendra, two Indonesian businessmen/woman of Chinese origin. The articles of association of the company
have frequently been revised. In April 2001, the authorized capital was raised
to Rp. 1,000,000,000 of which Rp. 500,000,000 was issued and fully paid
up. The latest in July 2008 Mrs.
Soemiati Kendra pulled out and the whole shares has been taken over by Mr.
Kheng Dro Yohnny, an Indonesian businessman of Chinese extraction. The latest
deed of amendment was made by Mrs. Inggraini Yamin, SH., a public notary in
Jakarta was approved by the Ministry of Law and Human Right under Company
Registration Number AHU-42109.AH.01.02.Tahun 2008, dated July 17, 2008 and No.
AHU-AH.01.10-27001 dated July 3, 2013.
No changes have been effected in term of its shareholding composition
and capital structures to date.
P.T. PK has been in operation as from the middle of 1997 in trading,
importing and distribution of food and beverage including confectionery,
biscuit & cookies, dairy, juice & beverage, oil & sauces, syrups,
spreads, oil, sauces & salad dressings, breakfast cereals & healthy
food, cake mix and others. Miss. Fitra,
an administration staff of P.T. PK disclosed that the above food products are
imported from various countries including the Europe countries (Switzerland,
France, Ireland, Italy, Belgium, UK, Denmark, Germany), the USA, Canada,
Australia, New Zealand, Singapore, Malaysia and others. In Indonesia the import
food and beverage products are supplied to various hypermarkets (Carrefour,
hypermart, Lotte Mart, Giant), supermarkets (Diamond, Hero, Gelael, kem Chicks,
Ranch & Market, Food Hall, Super Indo), convenience store (AlfaMart,
Indomaret, Family Mart, K Circle K, 7 Eleven), hotels, restaurants, hospitals
and others through-out various major cities in Indonesia.
We observed that the food and beverage products sold by P.T. PK are of
fine quality with expensive prices aiming at the middle to upper level income
people. P.T. PK is also managed their
own logistic and distribution center with 2 fully air contained storage and 2
dry warehouses, all fully racked able to up to 1800 pallets with modern
equipments and operating with 14 fleets of delivery vehicle. P.T.PK is classified as a large-sized company
of its kind in Indonesia and its business operation has been running smoothly
to date.
We note that generally the domestic demand for food and beverage
products has been rising by about 8% - 10% per year in the last five years in
line with the growing population and increasing income of part of the
population in the country. Besides, the demand for food and beverage products
had increased in the last five years in line with the growth of industrial
sector in the country such as hypermarket, supermarket, convenience stores,
hotels, restaurants, cafes and others.
In the coming years, the growth rate of demand is estimated at about 6%
to 7% per annum. In the meantime, we
realized that market competition is very tough on account of many other similar
companies operating in the country. P.T.
PK's business position in this case is not badly because it has succeeded to
develop fairly extensive marketing network throughout several major cities in
Indonesia.
Until this time P.T. PK has not been registered with Indonesian Stock
Exchange, so that they shall not obliged to announce their financial
statement. P.T. PK's management adopts
very reclusive attitude towards outsiders and rejected to unveil its financial
condition, but we estimated that P.T. PK's operation in 2011 booked a total
sales turnover of Rp. 98.0 billion increased to Rp. 112.6 billion in 2012 rose
again to Rp. 128.0 billion in 2013 and projected it will continue on rising by
about 10% to 12% in 2014. It is
estimated that P.T. PK's operation in 2013 yielded a total net profit of Rp.
5.9 billion with a total assets of about Rp. 40.0 billion. So far, we did not hear that P.T. PK having
been black listed by Bank Indonesia (Central Bank) and registered in district
court for detrimental cases. The company has a punctual payment habit within 1
to 3 months.
P.T. PK's management is led by Mr. Soeman Santoso (60) as Director and
CEO of the Company, a businessman with wide experience more than 22 years in
trading, supplying and distribution of imported food and beverages. In his day-to-day activities, he is assisted
by his son Mr. Roland Santoso (33) as general manager and a number of
professional staff having maintained wide relation with home and overseas
private businessmen as well as with the government sector. 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. PANDURASA KHARISMA is considered to be good for normal business
transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.95 |
|
|
1 |
Rs.99.36 |
|
Euro |
1 |
Rs.82.15 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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|
Report Prepared
by : |
NNA |
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 |
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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.