|
Report Date : |
09.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
P.T. ASRI ABADI NIRWANA GEMILANG |
|
|
|
|
Registered Office : |
Jl. Bayur Kali Raya No. 178, Kampung Kelor Eretan Gg.
Macan, Kec. Sepatan Timur, Tangerang 15520 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
13.08.2007 |
|
|
|
|
Com. Reg. No.: |
AHU-25996.AH.01.02. |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Trading, Export and Import of husbandry product, House hold, silk industries, spices |
|
|
|
|
No of Employees : |
2 persons |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Ceased Operations |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
-- |
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Indonesia |
B1 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
BASIC SEARCH
|
Name of Company :
P.T. ASRI ABADI NIRWANA GEMILANG
A d d r e s s :
Head Office
Jl. Bayur Kali Raya No. 178
Kampung Kelor Eretan Gg. Macan
Kec. Sepatan Timur, Tangerang 15520
Banten Province
Indonesia
Phones -
(62-21) not available
Fax - (62-21) not available
Date of Incorporation :
13 August 2007
Legal Form :
P.T. (Perseroan Terbatas) or Limited Liability Company
Company Reg. No. :
The Ministry of Law and Human Rights
a. No. AHU-03611.AH.01.01.Tahun 2008
Dated 24 January
2008
b. No. AHU-25996.AH.01.02.Tahun 2013
Dated 15 May 2013
Company Status :
National Private Company
Permit by the Government Department :
The Department of Finance
NPWP No. 02.670.850.3-418.000
Related Company :
None
CAPITAL AND OWNERSHIP
|
Capital Structure :
Authorized Capital -
Rp. 800,000,000.-
Issued Capital -
Rp. 200,000,000.-
Paid up Capital -
Rp. 200,000,000.-
Shareholders/Owners :
a.
Mr. Gunawan -
Rp. 140,000,000.- (70%)
Address : Jl. Sabang No.15, RT.01/RW.09
Panunggangan Barat, Cibodas
Tangerang, Banten Province
Indonesia
b.
Ms. Elly Sulianty -
Rp. 60,000,000.- (30%)
Address : Green Garden Blok N-IX No.29-30,
RT.004/RW.010
Kel. Kedoya, Kec. Kebon Jerum
West
Jakarta
Indonesia
BUSINESS ACTIVITIES
|
Lines of Business :
Trading, Export and Import of husbandry product, House hold,
silk industries, spices, etc
Production Capacity :
None
Total Investment :
Owned Capital - Rp. 200 million
Started Operation :
January 2008 but it was ceased operation since the end of
2013
Brand Name :
AANG
Technical Assistance :
None
Number of Employee :
2 persons
Marketing Area :
No Comment
Main Customer:
None
Market Situation :
Very Competitive
Business Trend :
No Comment
BANKER, AUDITOR &
LITIGATION
|
Banker :
No Comment
Auditor :
No Comment
Litigation :
No litigation record in our database
FINANCIAL FIGURE
|
Total Income/Revenues:
No Comment
Net Profit (Loss) :
No Comment
Payment Manner :
No Comment
Financial Comments :
No Comment
KEY EXECUTIVES
|
Board of Management :
Director -
Mr. Gunawan
Board of Commissioners :
Commissioner - Ms. Elly
Sulianty
Signatories :
Director (Mr. Gunawan)
which must be approved by Board of Commissioners (Miss Suwarty and Ms. Elly
Sulianty)
CAPABILITIES
|
Management Capability :
Weak
Business Morality :
Doubted
OVERALL PERFORMANCE
|
P.T. ASRI ABADI NIRWANA GEMILANG (P.T. AANG)
was established in Jakarta based on Notarial Deed Number 04 dated August 13,
2007 drawn up by I Nyoman Raka, SH., notary in Jakarta with an authorized capital
of Rp. 800,000,000 issued capital of Rp. 200,000,000 entirely paid up. The
founding shareholders of the company are Mr. Aang Sujana (40%), Mr. Saiful
Ruchiyat Cosahan (30%) and Mr. Surya Mawardi (30%). They are Indonesian business persons of Chinese
extraction. The Deed of establishment
was approved by the Minister of Law and Human Rights through its Decision
Letter No. AHU-03611.AH.01.01.Tahun 2008 dated January 24, 2008.
The articles of association of the company
have frequently been changed, most recently by notarial Deed Number 22 dated
January 14, 2013 drawn up by notary Lady Ita L.B. simanihuruk, SH., the
founding shareholders pulled out ant the whole shares are sold to Mr. Gunawan
(70%) and Ms. Elly Sulianty (30%). The amendment to deed has been approved by the
Minister of Law and Human Rights of the Republic of Indonesia through its
Decree No. AHU-25996.AH.01.02.Tahun 2013 dated May 15, 2013.
Pursuant to the company’s notary deed, P.T.
AANG engaged to operate in trading, advertising, printing, contracting, real
estate developer, services and agribusiness.
The Company’s registered office located at Ruko Peta Selatan Indah Blok
B No. 6, Kalideres, West Jakarta. However
as from early of 2013 the registered office address was moved into at Jl. Bayur
Kali Raya No.178, Kampung Kelor Eretan Gg. Macan, Kec. Sepatan Timur,
Tangerang, Banten province.
According to the results of our investigation we noticed that previously P.T. AANG was engaged in trading, export and import
of husbandry product, house hold, silk industries, spices, etc. However since May 2013, P.T. AANG’s shares
and assets were sold to Mr. Gunawan and Ms. Elly Sulianty. Concurrently, the company’s activity has been
shifted to trading, import, and distribution of agricultural products. Mr. Siswanto, the former a marketing staff of P.T. AANG, when reached by phone said that P.T. AANG has not been in operation since the end of 2013 (lockout) and all of its employees have also been dismissed. She also did not know why the company was shutdown. However it is likely that operations did not go smoothly and continuously suffered losses.
Furthermore we have checked to the Ministry of Law and Human Rights (MLHR) to ensure that whether the P.T. AANG has been liquidated. But our source at MLHR said that until now there is no notice from the shareholders of P.T. AANG concerning the shutdown of the company. According to our source in MLHR, that in Indonesia there are many companies that not actively operate or shut down, but never reported their case to MLHR. This is generally done by these companies, to avoid payment of taxes and duties.
We have a strong
suspicion that P.T. AANG has been abandoned by
its shareholders. Company's financial strength was only Rp. 200 million
which was paid capital as contained in its notary deed. But we strongly suspect that the capital had been spent and the
currently P.T. AANG does not have any assets.
In
its last notary deed, P.T. AANG was chaired by
Mr. Gunawan (40) as director and he is
assisted by Ms. Elly Sulianty (31) as commissioner of company. We observed that their reputation in trading and distribution of agriculture product is
not prominent. We strongly suspect that
the management company has been dissolved, but was not reported to the
Department of Law and Human Rights.
We therefore recommend to be very careful when doing business partnership with this company. We recommend to cancel the business transaction plan that was prepared for this company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.55 |
|
|
1 |
Rs. 103.50 |
|
Euro |
1 |
Rs. 82.41 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPT |
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.