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Report Date : |
13.08.2014 |
IDENTIFICATION DETAILS
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Name : |
P.T. MACROCHEMA PRATAMA |
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Registered Office : |
Jalan Kedoya
Raya 22 Kelurahan Kedoya Selatan, Kecamatan Kebon Jeruk |
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Country : |
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Date of Incorporation : |
13.10.1989 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading and
Distribution of Industrial Chemicals. |
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No. of Employees |
18 |
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 |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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 |
|
Source
: CIA |
P.T.
MACROCHEMA PRATAMA
Head Office
Jalan Kedoya Raya
22
Kelurahan Kedoya
Selatan, Kecamatan Kebon Jeruk
Jakarta Barat,
11520
Indonesia
Phones -
(62-21) 582 3233, 582 3236
Fax - (62-21) 581 3110
Building Area - 1 storey
Office Space - 230 sq. meters
Region - Commercial
Building
Status - Rent
Date of Incorporation :
13 October 1989
Legal Form :
P.T. (Perseroan
Terbatas) or Limited Liability Company
Company Reg.
No. :
The Ministry of Law and Human Rights
- No. C-27834
HT.01.04.TH.2005
Dated 19 October 2005
- No.
AHU-27134.AH.01.02.TH.2009
Dated 19 June 2009
Company Status
:
National Private
Company
Permit by the
Government Department :
The Department of Finance
NPWP No.
01.336.419.5-035.000
The Department of Industry and Trade
- TDP No.
09021605751
Dated 5 December 1989
- SIUP No. 2617/09-03/PB/XI/89
Dated 23 November 1989
- API No.
09/3514/U
Dated 21 December 1989
Related
Companies :
a. P.T. MACROTAMA BINASANTIKA (Trading and
Distribution of Meat Wrapper Equipment)
b. P.T. MAKRINDO DWITAMA (Trading and
Distribution of Industrial Chemicals)
Capital
Structure :
Authorized
Capital : Rp.
5,000,000,000.-
Issued Capital : Rp.
1,500,000,000.-
Paid up Capital : Rp.
1,500,000,000.-
Shareholders/Owners
:
a. Mr. Agus Nugroho Susantio - Rp. 750,000,000.-
Address : Jl. Kembang Harum VII A.
14/32, RT. 005
RW. 004,
Kelurahan Kembangan Selatan, Keca
matan
Kembangan, Jakarta Barat
Indonesia
b. Mrs. Semijati Ongkojono - Rp. 450,000,000.-
Address : Jl. Kembang Harum VII
A. 14/32, RT. 005
RW. 004,
Kelurahan Kembangan Selatan, Keca
matan
Kembangan, Jakarta Barat
Indonesia
c. Mr. Ephraim Pratama - Rp. 150,000,000.-
Address : Jl. Kembang Harum VII
A. 14/32, RT. 005
RW. 004,
Kelurahan Kembangan Selatan, Keca
matan
Kembangan, Jakarta Barat
Indonesia
d. Mrs. Tashia Dwina Sutantio - Rp. 150,000,000.-
Address : Jl. Kembang Harum VII
A. 14/32, RT. 005
RW. 004,
Kelurahan Kembangan Selatan, Keca
matan
Kembangan, Jakarta Barat
Indonesia
Lines of
Business :
Trading and
Distribution of Industrial Chemicals
Production
Capacity :
None
Total
Investment :
None
Started
Operation :
1990
Brand Name :
Macrochema
Pratama
Technical
Assistance :
None
Number of
Employee :
18 persons
Marketing Area
:
Local - 100%
Main Customer
:
Food &
Beverages processing, cosmetics industries, etc
Market
Situation :
Very Competitive
Main
Competitors :
a. P.T. BRATACHEM
b. P.T. INDOKEMIKA JAYATAMA
c. P.T. MULYA ADHI PARAMITA
d. P.T. PINTU MAS MULIA KIMIA
e. Etc.
Business Trend
:
Growing
B a n k e r s
:
a. P.T. Bank CIMB NIAGA Tbk
Jalan Daan Mogot 95-C
Jakarta Barat
Indonesia
b. P.T. Bank CENTRAL ASIA Tbk
Jalan Jend. Sudirman Kav. 22-23
Jakarta Selatan
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
Annual Sales
(estimated) :
2011 – Rp. 27.0
billion
2012 – Rp. 28.5
billion
2013 – Rp. 30.0
billion
Net Profit
(estimated) :
2011 – Rp. 1.6
billion
2012 – Rp. 1.8
billion
2013 – Rp. 2.0
billion
Payment Manner
:
Average
Financial
Comments :
Satisfactory
Board of Management :
Director - Mr. Agus Nugroho
Sutantio
Board of Commissioners :
Commissioner -
Mrs. Semijati Ongkojono
Signatories :
Director (Mr. Agus
Nugroho Sutantio) which must be approved by Board of Commissioner
Management Capability :
Good
Business Morality :
Good
Credit Risk :
Average
Credit Recommendation :
Credit should be proceeded with monitor
P.T. MACROCHEMA
PRATAMA (P.T. MP) was established in Jakarta on 13 October 1989 with an
authorized capital of Rp. 500,000,000 issued capital of Rp. 100,000,000 was
fully paid up. The founders and shareholders are Mr. Agus Nugroho Sutantio, his
wife Mrs. Semijati Ongkojono along with their children Mr. Ephraim Pratama
Sutantio and Mrs. Tashia Dwina Sutantio. They are Indonesian business family of
Chinese extraction. Its articles of association had frequently been changed. In
July 2005, its authorized capital was raised to Rp. 5,000,000,000 with issued
capital of Rp 1,500,000,000 fully paid-up. With this development the
composition of its shareholders has been changed to become Mr. Agus Nugroho
Sutantio (50%), Mrs. Semijati Ongkojono (30%), Mr. Ephraim Pratama Sutantio
(10%) and Mrs. Tashia Dwina Sutantio (10%). The latest according to the
revision of notary deed Mrs. Fifi Wangsadiputra, SH., no. 44 dated 11 May 2009
the company board of director and the board of commissioner re-elected to lead
and runs of the company’s operation. The deed of amendments was approved by the
Ministry of Law and Human Rights in its decision letter No.
AHU-27134.AH.01.02.TH.2009 dated June 19, 2009.
We observe that
the Sutantio family also controls the majority business stakes of P.T. MAKRINDO
DWITAMA engaged in trading and a distribution of industrial chemicals.
P.T. MP started
with operation in January 1990 in trading, distribution and importing of
industrial chemicals including chemicals for cosmetics, cigarettes, foodstuff
and tanning. It is the sole agency right holder for LAUTIER S.A., Industrial
Chemicals of France, UNICHEMA GmbH., Industrial Chemicals, GOLDSCHEMIDS GmbH.,
Industrial Chemicals, TRAMPLER GmbH, Industrial Chemicals, the three are of
Germany, ERNSHAN LTD., Industrial Chemicals, BOOTS Industrial Chemicals, both
of the U.K., CAZALEE Tobacco of Zimbabwe and FLORASYNTH INC., Industrial
Chemicals of the USA. Mr. Agus Nugroho Sutantio, the director of P.T. MP to our
inquiry explained that its cigarettes source chemical substance are distributed
to P.T. GUDANG GARAM Tbk, P.T. H.M. SAMPOERNA Tbk, P.T. BENTOEL INVESTAMA Tbk,
P.T. NOJORONO, P.T. WISMILAK INTERNASIONAL Tbk, and P.T. DJARUM, both are
leading cigarettes manufacturers in Indonesia. Meanwhile, its foodstuff
chemicals are sold to P.T. INDOFOOD SUKSES MAKMUR Tbk, P.T. INDOFOOD CBP SUKSES
MAKMUR Tbk, a big-sized foodstuff processing firm. Its cosmetics chemicals are
marketed to P.T.UNILEVER INDONESIA Tbk, a major company in the manufacturing of
cosmetics products in Indonesia. The other customers are P.T. SARIAYU
INDONESIA, P.T. MUSTIKA RATU Tbk, P.T. MARTHA TILAR, and others. Meanwhile, its
tanning chemicals are distributed through industrial chemicals distributor
shops in Jakarta, Bandung and its surroundings. P.T. MP’s operation has been
growing and developing well in the last three years.
The domestic
demand for various types of chemical products had been rising by 8% to 10% on
the average per annum in the last five years in line with the rapid growth of
various industrial sectors including clove cigarettes, cosmetic industries,
food processing industries, leather tanning industries in the above period of
times as the consumers. But, later dwindled as the global economic slowdown
since October 2008, followed by tight money policy imposed by Indonesian
Central Bank (Bank Indonesia) and also heated by political issue in the
country. The demand growth started to awake in June 2009 in line with the
amelioration of economic condition in the country. Market competition is very
tough on account of large number of other similar companies operating in the
country. P.T. MP’s business position in this case is not too badly because it
has built regular customers and extensive marketing network all across the
country.
Until this time
P.T. MP has not been registered with Indonesian Stock Exchange, so that they
had not obliged to announce their financial statement. The
management of P.T. MP 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. 27.0 billion rose to Rp. 28.5 billion in
2012 increased to Rp. 30.0 billion in 2013 and projected to go on rising by at
least 5% in 2014. The operation in 2013 yielded an estimated net profit of at
least Rp. 2.0 billion and the company has an estimated total networth of at
least Rp. 5.0 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. MP is led by Mr. Agus Nugroho Sutantio (59), a businessman with
experience for some 25 years in industrial chemicals trading and distribution. 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. MACROCHEMA PRATAMA is sufficiently fairly good for business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.18 |
|
|
1 |
Rs.102.56 |
|
Euro |
1 |
Rs.81.78 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
|
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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 |
|
|
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.