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Report Date : |
25.02.2014 |
IDENTIFICATION DETAILS
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Name : |
P.T. INO ALAM NUSA |
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Registered Office : |
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Country : |
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Date of Incorporation : |
02.01.2013 |
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Com. Reg. No.: |
AHU-05514.AH.01.01.TH.2013 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged in the field of
trading and investment holding, general trading, industry, land
transportation and treatment of hazardous and toxic waste and non-hazardous
materials. |
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No of Employees : |
3 persons |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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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 – december 01, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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Indonesia |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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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, grew more than 6% annually in
2010-12. The government made economic advances under the first administration of
President YUDHOYONO (2004-09), introducing significant reforms in the financial
sector, including tax and customs reforms, the use of Treasury bills, and
capital market development and supervision. During the global financial crisis,
Indonesia outperformed its regional neighbors and joined China and India as the
only G20 members posting growth in 2009. The government has promoted fiscally
conservative policies, resulting in a debt-to-GDP ratio of less than 25%, a
fiscal deficit below 3%, 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 in 2013 faces the ongoing
challenge of improving Indonesia's insufficient infrastructure to remove
impediments to economic growth, labor unrest over wages, and reducing its fuel
subsidy program in the face of high oil prices.
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Source
: CIA |
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BASIC SEARCH |
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Name of Company :
P.T. INO ALAM NUSA
Address :
Head Office
Spring Tower 03 – 34
Jalan K.L. Yos Sudarso Km. 7.8
Tanjung Mulia, Medan Deli
Medan, 20241
North Sumatra
Indonesia
Phones -
(62-61) 615511, 619866
Fax - (62-61) 624362, 661360
Email - mmas@musimmas.com
Website - http://www.musimmas.com
Building Area - 7 storey
Office Space - 80 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation :
2 January 2013
Legal Form :
P.T. (Perseroan Terbatas) or Limited Liability Company
Company Reg. No. :
The Ministry of Law and Human Rights
No. AHU-05514.AH.01.01.TH.2013
Dated 11 February 2013
Company Status :
National Private Company
Permit by the Government Department :
The Department of Finance
Not Available
Related Company :
A Member Company of the MUSIM MAS Group (see attachment)
CAPITAL AND OWNERSHIP |
Capital Structure :
Authorized Capital :
Rp. 400,000,000.-
Issued Capital :
Rp. 100,000,000.-
Paid up Capital :
Rp. 100,000,000.-
Shareholders/Owners :
a. P.T. MITRA SISTRA -
Rp. 99,950,000.-
Address :
Spring Tower 01-62
Jl. K.L. Yos Sudarso Km.
7.8
Medan, North Sumatra
Indonesia
b. P.T. BELAWAN BERLIAN INDONESIA -
Rp. 50,000.-
Address : Spring Tower 01-62
Jl. K.L. Yos Sudarso Km.
7.8
Medan, North Sumatra
Indonesia
BUSINESS ACTIVITIES |
Lines of Business :
Trading and Investment Holding
(Planned)
Production Capacity :
None
Total Investment :
None
Started Operation :
2015 (Planned)
Brand Name :
Ino Alam Nusa
Technical Assistance :
None
Number of Employee :
3 persons
Marketing Area :
Local - 100%
Main Customer :
None
Market Situation :
Very Competitive
Main Competitors :
None
Business Trend :
No Comment
BANKER, AUDITOR & LITIGATION |
Bankers :
a. P.T. Bank CENTRAL ASIA Tbk
Jalan
Diponegoro No. 15
Medan,
North Sumatra
Indonesia
b. P.T.
Bank MANDIRI Tbk
Jalan
Imam Bonjol No. 7
Medan,
North Sumatra
Indonesia
c. P.T.
Bank DANAMON INDONESIA Tbk
Medan Branch
Jalan
Balai Kota No. 2
Medan,
North Sumatra
Indonesia
d. P.T. Bank Rakyat Indonesia Tbk
Jalan Putri Hijau No. 2A
Medan, North Sumatra
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
FINANCIAL FIGURE |
Annual Sales (estimated) :
None
Net Profit (estimated) :
None
Payment Manner :
Average
Financial Comments :
Satisfactory
KEY EXECUTIVES |
Board of Management :
Director - Mr. Surja
Manager - Mr.
Faridan Lim
Board of Commissioners :
Commissioner - Mr. Julius
Signatories :
Director (Mr. Surja)
which must be approved by Board of Commissioner
CAPABILITIES
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Management Capability :
Satisfactory
Business Morality :
Satisfactory
Credit Risk :
High
Credit Recommendation :
Credit is not
recommended
Proposed Credit Limit :
C.O.D.
OVERALL PERFORMANCE |
P.T. INDO ALAM NUSA (P.T. IAN) was established in Medan, North Sumatera
based on notary deed Mr. Edy, SH., dated 2 Janaury 2013 with the authorized
capital of Rp. 400,000,000 issued capital of Rp. 100,000,000 fully and paid up.
The company was founded by P.T. MITRA SISTRA (99.95%) and P.T. BELAWAN BERLIAN
INDONESIA (0.05%). The notary deed of incorporation was approved by the
Ministry of Law and Human Rights in its decision letter No.
AHU-05514.AH.01.01.TH.2013 dated February 11, 2013.
We observe P.T. MITRA SISTRA and
P.T. BELAWAN BERLIAN INDONESIA both are national company which majority shares
is controlled by Mr. Bachtiar Karim AKA Lim Ek Tjioe. Mr. Bachtiar Karim AKA
Lim Ek Tjioe is also founder and business stakes owner of the MUSIM MAS Group,
a big business group in the production and marketing of cooking oil in the
country. Growing from strength to strength, Musim Mas Group is one of
Indonesia's most dynamic groups, with a diversified portfolio of products and
assets. Its activities are centered on its core business of palm cultivation
and palm oil processing. It is a market leader in the manufacturing of palm
oil, soap, margarine and owns ships, tankers, a grain terminal and bulk tank
terminals.
The Group's landmark achievements
include owning one of the largest palm oil refineries in the world. Indonesia
is the Group's native market and Musim Mas ranks among the biggest Indonesian
producers in the vegetable oil refining and soap manufacturing industries. It is
proud of its synergistic and highly integrated operations that have set a new
benchmark in the industry.
P.T. IAN plans its activity to be engaged in the field of trading and
investment holding, general trading, industry, land transportation and treatment
of hazardous and toxic waste and non-hazardous materials. In its operation the
company will be running business in the field of collection, management and
utilization of the transport of hazardous materials and toxic waste by the land
or sea. The whole hazardous material and toxic waste will be obtained from the
oil palm refinery and processing companies of the MUSIM MAS Group which
operating in Sumatera, Kalaimantan and others. However, the activities and the
realization of new projects have not been started and is still in the early
stages of the feasibility study. We observe that P.T.
IAN is a new company having yet to be in operation commercially.
We refrain from informing the business prospect of the
company for having yet to be in operation up to now. Considering P.T. IAN having yet to
be in operation, the financial condition of the company is just as it’s paid up
capital of Rp. 100 million as stated in its article of association. The
financial condition of the company strongly depends on the financial condition
of its shareholders.
The management of P.T. IAN is led by Mr. Surja 574) a professional
manager with experience in palm oil refinery and processing. He also holds as
Director at P.T. MUSIM SEMI MAS. The company's management will be 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. Or our whole observation,
we may conclude that the company is a new company having yet to be in operation
commercially. Considering P.T. INO ALAM NUSA having yet to be in operation, we
recommend to treat prudently in business transaction and in extending a loan to
the company.
Attachment:
1.
AGRO
WIRATAMA, P.T. (Oil Palm Plantation and Palm Oil Refinery)
2.
BAHANA
NUSA INTERINDO, P.T. (Oil Palm Plantation and Palm Oil Refinery)
3.
BERKAT
SAWIT SEJATI, P.T. (Oil Palm Plantation and Palm Oil Refinery)
4.
BINA
KARYA PRIMA, P.T. (Soap Manufacturing)
5.
BRASTAGI
BINTANG ASIA, P.T. (Hotels Development and Management)
6.
DAYA
INDAH NUSANTARA, P.T. (Oil Palm Plantation and Refinery)
7.
GLOBALINDO
ALAM PERKASA, P.T. (Oil Palm Plantation and Palm Oil Refinery)
8.
GUNTUNG
IDAMANUSA, P.T. (Oil Palm Plantation and Palm Oil Refinery)
9.
INDO
KARYA INTERNUSA, P.T. (RBD Palm Oil and Palm Kernel Oil Processing)
10.
INDOMAKMUR
SAWIT BERJAYA, P.T. (Oil Palm Plantation and Palm Oil Refinery)
11.
INTER-CONTINENTAL
OILS AND FATS, Singapore (Trading and Distributor Specializing in Tropical Oil
and Derivatives Products)
12.
INTIBENUA
PERKASATAMA, P.T. (Palm Oil Refinery)
13.
LAMBANG
UTAMA, P.T. (Soap Manufacturing)
14.
LESTARI
ABADI PERKASA, P.T. (Oil Palm Plantation Palm Oil Refinery)
15.
MAJU
ANEKA SAWIT, P.T. (Oil Palm Plantation and Palm Oil Refinery)
16.
MEGASURYA
MAS, P.T. (Bath Soap, Cooking Oil and Margarine Manufacturing)
17.
MIKIE
OLEO NABATI INDUSTRI, P.T. (Crude Palm Oil Refinery)
18.
MUSIM
MAS-FUJI, P.T. (Specialty Fats Industry)
19.
MUSIM
MAS HOLDINGS PTE., LTD., Singapore (Trading)
20.
MUSIM
SEMI MAS, P.T. (Oil Palm Plantation and Refinery, Soap Manufacturing)
21.
MUSIM
MAS RESOURCES, P.T. (Management Consulting Services and Wholesale Trade, and
Investment Holding)
22.
SINAR
AGRO RAYA, P.T. (Oil Palm Plantation and Palm Oil Refinery)
23.
SIRINGO-RINGO,
P.T. (Oil Palm Plantation and Palm Oil Refinery)
24.
SUKAJADI
SAWIT MEKAR, P.T. (Oil Palm Plantation and Palm Oil Refinery)
25.
UNGGUL
LESTARI, P.T. (Oil Palm Plantation and Palm Oil Refinery)
26.
WILLIAM
RESOURCES, P.T. (Investment Holding)
27.
WIRA
INNO MAS, P.T. (Oil Palm Plantation and palm Oil Refinery)
28.
Etc.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 62.11 |
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1 |
Rs. 103.38 |
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Euro |
1 |
Rs. 85.32 |
INFORMATION DETAILS
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Report Prepared
by : |
DPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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-- |
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.