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Report Date : |
09.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
P.T. SARCHEMITRA NIAGARAYA |
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|
|
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Registered Office : |
Jalan Sunter
Karya Utama IV Block G1 No. 17 Kelurahan Sunter Agung, Kecamatan Tanjung
Priok |
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Country : |
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Date of Incorporation : |
11.03.2009 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading, Import and Distribution
of Graphite and Carbon Powder Products |
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|
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No. of Employees |
13 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
B1 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
|
Source
: CIA |
P.T.
SARCHEMITRA NIAGARAYA
Head Office
Jalan Sunter
Karya Utama IV Block G1 No. 17
Kelurahan Sunter
Agung, Kecamatan Tanjung Priok
Phones -
(62-21) 640 0809, 640 0810
Fax - (62-21) 651 7747
Mobile - 081 699 8876
E-mail - marcus.ds@sarchemitra.com
Building Area - 2 storey
Office Space - 100 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation :
11 March 2009
Legal Form :
P.T. (Perseroan
Terbatas) or Limited Liability Company
Company Reg.
No. :
The Ministry of Law and Human Rights
No.
AHU-12288.AH.01.01.TH.2009
Dated 13 April
2009
Company Status
:
National Private
Company
Permit by the
Government Department :
The Department of Finance
Not Available
Related
Company :
None
Capital
Structure :
Authorized
Capital : Rp.
750,000,000.-
Issued Capital : Rp.
510,000,000.-
Paid up Capital : Rp.
510,000,000.-
Shareholders/Owners
:
a. Mr. Drs. Marcus Djuandi Sudirdjo - Rp.
357,000,000.-
Address :
Jl. Agung Utara III Block A-36 A/35, RT. 013
RW. 008,
Kelurahan Sunter Agung, Kecamatan
Tanjung Priok,
Jakarta Utara
Indonesia
b. Mrs. Satina -
Rp. 102,000,000.-
Address : Jl. Agung Utara III
Block A-36 A/35, RT. 013
RW. 008,
Kelurahan Sunter Agung, Kecamatan
Tanjung Priok,
Jakarta Utara
Indonesia
c. Mr. Ramos Susanto Sudirdjo -
Rp. 51,000,000.-
Address : Jl. Agung Utara III
Block A-36 A/35, RT. 013
RW. 008,
Kelurahan Sunter Agung, Kecamatan
Tanjung Priok,
Jakarta Utara
Indonesia
Lines of Business :
Trading, Import and Distribution of
Graphite and Carbon Powder Products
Production Capacity :
None
Total Investment :
None
Started Operation :
May 2009
Brand Name :
Sarchemitra Niagaraya
Technical Assistance :
None
Number of Employee :
13 persons
Marketing Area :
Local - 100%
Main Customer :
Steel Mills, Metal Industry
Market Situation :
Very Competitive
Main Competitors :
a. P.T. JC UTAMA TEKNIK
b. P.T. RIMI PERDANA TEKNIK
c. P.T. TIARA JAYA MAKMUR
d. Etc.
Business Trend :
Growing
B a n k e r s
:
P.T. Bank CENTRAL
ASIA Tbk
Jalan Danau
Sunter Utara Block G.7 III No. 1-2
Jakarta Utara
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation record
in our database
Annual Sales
(estimated) :
2011 – Rp. 5.6
billion
2012 – Rp. 6.0
billion
2013 – Rp. 6.5
billion
Net Profit
(estimated) :
2011 – Rp. 0.3
billion
2012 – Rp. 0.4
billion
2013 – Rp. 0.5
billion
Payment Manner
:
Average
Financial
Comments :
Satisfactory
Board of Management :
President Director - Mr. Drs. Marcus Djuandi Sudirdjo
Director -
Mrs. Satina
Board of Commissioners :
Commissioner -
Mr. Ramos Susanto Sudirdjo
Signatories :
President Director (Mr.
Drs. Marcus Djuandi Sudirdjo) or the Director (Mrs. Satina) 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
P.T. SARCHEMITRA NIAGARAYA (P.T. SMNR) was established in Jakarta based
on notary deed Mr. Adiaty Hadi, SH., no. 04 dated 11 March 2009 with the authorized
capital of Rp. 750,000,000 issued capital of Rp. 510,000,000 entirely paid up.
The founding and shareholders of the company are Mr. Drs. Marcus Djuandi
Sudirdjo (70%), his wife Mrs. Satina (20%) and his young brother Mr. Ramos
Susanto Sudirdjo (10%), they are Indonesian business family of Chinese
extraction. Based on our knowledge up to writing the report the notary
documents of the company have not undergone any changes. The notary deed of
incorporation was approved by the Ministry of Law and Human Rights in its
decision letter No. AHU-12288.AH.01.01.TH.2009 dated April 13, 2009.
P.T. SMNR has been operating since May 2009 engaged in the field of
trading, import, supply and distribution of graphite and carbon powder
products.
The merchandise goods products imported from IMERYS Graphite &
Carbon of Switzerland. Imerys Graphite & Carbon is the world leader in
high-tech, high performance solutions based on specialized graphite and
carbons. Imerys Graphite & Carbon produces and markets a large variety
of synthetic and natural graphite powders, conductive carbon blacks and
water-based dispersions of consistent high quality. P.T. SMNR is committed to
produce highly specialized graphite and carbon materials for today’s and
tomorrow’s customer’s needs. The company sells the products with various brands
such as C-NERGY™
Graphite and Carbon Black cover a diverse range of carbons,
from high-purity synthetic graphite with different particle sizes and
morphologies, to high purity and high structure carbon blacks especially
developed for the Li-ion battery industry.
TIMREX® Graphite, Coke and Dispersions cover a diverse range of carbons,
from high-purity synthetic graphite with different particle sizes and
morphologies, to naturally occurring graphite extracted from Canadian mine.
TIMREX® Petroleum Cokes offer low ash and sulphur content with a consistent
particle size distribution. ENSACO® Carbon Blacks are highly-structured carbons
that have low impurity and moisture levels. They can be supplied as powders or
as ‘soft granules’, for dispersion into polymers and rubbers in order to impart
electrically conductive properties.
SUPER P® Carbon Black powders have high purity and
structure with a moderate surface area suitable in numerous battery
applications as a conductive additive. ROLLIT® Dispersions are aqueous based
materials designed to deliver lubricating or descaling properties to different
stages of the steel-making process. They contain high purity graphite dispersed
at optimum particle size distribution with stabilising and performance
enhancing additives. TIMROC®
Silicon Carbide is a highly stable material that is very hard
and abrasive while presenting excellent thermal shock resistance. It is
produced synthetically in Switzerland and is available in a variety of particle
size distributions. Graphite & carbon is chemically highly corrosion
resistant and an excellent conductor of electricity, graphite is an essential
component of welding rods, coatings, most high duty refractory bricks and
electric arc electrodes. The whole products supplied to various steel mills,
stainless steel mills and other metal industries in the country. P.T. SMNR is
classified a small size company of its kinds in the country with operation has
been growing in the last three years.
We have generally observed the demand for steel products had still been
rising by 5% to 7% in the last five years. But the burden of the steel industry
in the country is constrained due to the falling raw material scrap. Besides,
the increased cost of production due to rising gas prices and the higher gas
prices and the higher cost of imported raw materials. Starting in the second semester 2008, many
markets in various parts of the world experienced adverse economic condition.
This condition was triggered by, amongst others, the housing and mortgage loans
crisis in the United States of America (US) that spread to securities,
structures products and commodity markets. The volatility in the US markets
coupled with the sharp appreciation in the US Dollars and a series of corporate
bankruptcies and takeovers enabled the crisis to spread to other parts of the
world. The impact of the global economic crisis has also been felt in Indonesia
as the Indonesian Rupiah weakened, demand decrease, commodity prices decreased,
securities market declines, interest rate increased, followed by decreases,
tightened liquidity conditions, and increased credit risks. Up to this time,
the Company has not significantly suffered from the economic crisis. In
response to these economic events, during 2010 the Company have plans as
follows: Negotiation
with main customer regarding increasing selling price. Cost reduction in
business trip, pantry needs, technical support cost from Japan, etc. Stop
production of products which do not reach profit target. In spite of the
adverse economic conditions, management believes that the Company will be able
to continue operating as going concern for the foreseeable future.
Indonesia’s Steel Production and
Consumption, 2008 – 2011
|
Year |
Production (Million Ton) |
Consumption (Million Ton) |
|
2008 |
5.29 |
7.79 |
|
2009 |
3.71 |
5.65 |
|
2010 |
5.23 |
7.48 |
|
2011 |
6.01 |
8.6 |
|
2012* |
7.02 |
9.5 |
Until this time P.T. SMNR has not been registered with Indonesian Stock Exchange,
so that they had not obliged to announce their financial statement. The
management of P.T. SMNR is very reclusive towards outsiders and rejected to
disclose its financial condition. We estimated that total sales turnover of the
company in 2011 amounted to Rp. 5.6 billion rose to Rp. 6.0 billion in 2012
increased to Rp. 6.5 billion in 2013 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. 0.5 billion and the company has an estimated total networth of 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 P.T. SMNR is led by Mr. Drs. Marcus Djuandi Sudirdjo
(56) a businessman with experience in trading, import and distribution of
graphite and carbon. Daily activity he is assisted by his wife Mrs. Satina (53)
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. SARCHEMITRA NIAGARAYA
is sufficiently fairly good for business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.56 |
|
|
1 |
Rs.103.50 |
|
Euro |
1 |
Rs.82.41 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
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|
Report Prepared
by : |
NIS |
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.