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Report Date : |
28.08.2014 |
IDENTIFICATION DETAILS
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Name : |
P.T. AMRO INTERNATIONAL |
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Registered Office : |
Gedung Aneka
Tambang 4th Floor, Jalan TB. Simatupang No. 1, Tanjung Barat, Jagakarsa,
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Country : |
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Date of Incorporation : |
28.04.2009 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged in Electrical Contracting
and Maintenance Services |
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No of Employees : |
27 |
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 – 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 |
P.T. AMRO INTERNATIONAL
Address :
Head Office
Gedung Aneka
Tambang 4th Floor
Jalan TB.
Simatupang No. 1
Tanjung Barat,
Jagakarsa
Jakarta Selatan,
12530
Indonesia
Phones -
(62-21) 780 3227 (Hunting)
Fax - (62-21) 780 3226
E-mail - info@amro_intl.com
Building Area - 6 storey
Office Space - 80 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation :
28 April 2009
Legal Form :
P.T. (Perseroan Terbatas)
or Limited Liability Company
Company Reg.
No. :
The Ministry of Law and Human Rights
- No.
AHU-22981.AH.01.01.TH.2009
Dated 26 May 2009
- No.
AHU-AH.01.10-08815
Dated 5 March 2014
Company Status
:
National Private
Company
Permit by the
Government Department :
The Department of Finance
NPWP No.
02.837.976.6-017.000
Related
Company :
None
Capital
Structure :
Authorized
Capital : Rp.
2,000,000,000.-
Issued Capital : Rp.
2,000,000,000.-
Paid up Capital : Rp. 2,000,000,000.-
Shareholders/Owners
:
a. Mr. Pransiscus Xaverius Romand - Rp.
1,960,000,000.-
Address :
Jl. Taman Gandaria No. 88, RT. 003 RW. 010
Kelurahan
Kramat Pela, Kecamatan
Kebayoran Baru,
Jakarta Selatan
Indonesia
b. Mr. Darobi -
Rp. 40,000,000.-
Address : Jl. Kumbang, RT. 001
RW. 005
Kelurahan
Cililitan, Kecamatan Kramat
Jati, Jakarta
Timur
Indonesia
Lines of Business :
Electrical Contracting and
Maintenance Services
Production Capacity :
None
Total Investment :
None
Started Operation :
June 2009
Brand Name :
Amro International
Technical Assistance :
None
Number of Employee :
27 persons
Marketing Area :
Local - 100%
Main Customer :
Industrial Manufacturing
Market Situation :
Very Competitive
Main
Competitors :
a. P.T. ANUGERAH
ABADI BARU
b. P.T. BUMI
PARADISE
c. P.T. DUTA
INSTRUMENT ALFA SAKTI
d. P.T. GALASCIENCE
INDONESIA
e. P.T. SETIO
HARTO
Business Trend
:
Growing
Bankers :
P.T. Bank MANDIRI
Tbk
Gedung Aneka
Tambang
Jalan TB.
Simatupang No. 1
Jakarta Selatan
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
Annual Sales
(estimated) :
2011 – Rp. 13.4
billion
2012 – Rp. 14.3
billion
2013 – Rp. 15.8
billion
Net Profit
(estimated) :
2011 – Rp. 0.9
billion
2012 – Rp. 1.0
billion
2013 – Rp. 1.2
billion
Payment Manner
:
Average
Financial
Comments :
Satisfactory
Board of Management :
Director - Mr. Fransiscus Xaverius
Romand
Board of Commissioners :
Commissioner -
Mr. Darobi
Signatories :
Director (Mr. Fransiscus
Xaverius Romand) which must be approved by Board of Commissioner
Management Capability :
Satisfactory
Business Morality :
Satisfactory
Credit Risk :
Average
P.T. AMRO INTERNATIONAL (P.T. AI) was established in Jakarta based on
notary deed Mrs. Anita Munaf, SH., no. 06 dated 28 April 2009 with the
authorized capital of Rp. 2,000,000,000 wholly issued and paid up. The founding
and shareholders of the company are Mr. Franciscus Xaverius Romand (98%) and
Mr. Darobi (2%) both are indigenous businessmen. Its article of association has
been changed and according to the revision of notary deed Mrs. Anita Munaf,
SH., dated February 2014 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-AH.01.10-08815 dated March 5, 2014.
P.T. AI has been operating since June 2009 dealing with electrical contracting
and maintenance services. The company sells of electrical and control
instrumentation, laboratory and field instrumentation, laboratory equipment for
exploration and production (geochemistry, reservoir fluid properties, advanced
rock properties SCAL), geophysical and seismic equipment for exploration, pilot
plants for catalyst evaluation and R&D in the refining and petrochemical
industry, thin film deposition systems, ultra high vacuum, nanotechnology,
water tube packaged boiler, waste heat recovery boiler, hot water boiler, hot
oil heater boiler, smoke tube boiler, and others.
In its operation the company provides services in installation of
heating, ventilation and air conditioning in the room including maintenance
services; production facility, storage of oil and gas including maintenance
services; control and instrumentation installation including maintenance
services; electrical installation, building, factories including maintenance
services and others. To support of services the company also engaged in
trading, supply and distribution of battery of P.T. YUASA BATERY INDONESIA;
agents of JOHNSON MATTHEY PLC of the United Kingdom; agent of WELCRON KANGWON
CO. LTD., of South Korea and agent of VINCI TECHNOLOGIES of France. The whole
products supplied to various oil gas contracting services, petrochemical
industries and others industries in the country. We observe that P.T. AI is
classified a small sized company of its kinds with operation has been growing
and developing well in the last three years.
The demand of control system instrumentation, electrical system and
others has kept on increasing 6% to 8% in the last five years in line with the
growth development of various industries as customers. Global economic downturn
and the necessity for stabilizing national economy have affected Indonesia’s
economic growth. Domestic economy in 2013 was estimated to grow 5.7%, slower
when compared to 2012 growth of 6.2%. In 2014, national economic growth is
expected to be better, close to the lower limit of the range of 5.8%-6.2% in
line with the improvement of global economy. Inflation in 2013 rose to 8.38%
from 4.30% in 2012, or above the inflation target of 4.5±1%, caused by the
turmoil of domestic food prices and the increase of subsidized fuel prices at
the end of June 2013. Then, the increase in subsidized fuel prices has pushed
the increase in prices. However, the inflation gradually returned to normal
since September 2013. Looking ahead, Bank of Indonesia believes that inflation
will remain under control in the range of 4.5±1% in 2014 and 4.0±1% in 2015
(Source: Bank Indonesia/Tinjauan Kebijakan Moneter Januari 2014).
Until this time P.T. AI has not been registered with Indonesian Stock
Exchange, so that they had not obliged to announce their financial statement.
The management of P.T. AI 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. 13.4 billion rose to Rp. 14.3 billion in 2012
increased to Rp. 15.8 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. 1.2 billion and the company has an estimated total networth of at least Rp.
4.0 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. AI is led by Mr. Fransiscus Xaverius Romand (39)
a businessman with experience in trading, import and distribution of electrical
and control system instrumentation. 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. AMRO INTERNATIONAL is sufficiently fairly good for business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.47 |
|
|
1 |
Rs.100.15 |
|
Euro |
1 |
Rs.79.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
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|
Report Prepared
by : |
TPT |
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.