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Report Date : |
11.01.2014 |
IDENTIFICATION DETAILS
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Name : |
P.T. KOLOSAL PRATAMA |
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Registered Office : |
Ruko Graha Mas Pemuda,
Blok AC No.15-16, Jl. Pemuda, Pulogadung, Jakarta Timur 13220 |
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Country : |
Indonesia |
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Date of Incorporation : |
14.02.2002 |
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Com. Reg. No.: |
AHU-AH.01.10-22941 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading, Import and Distribution of Active Pharmaceuticals
Ingredients, Natural Active Pharmaceutical, Natural Plant Extracts
Standardized, Cosmetic & Personal Care, Nutraceuticals, Mineral and Additives. |
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No. of Employees : |
20 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Indonesia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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.
|
Source
: CIA |
Name of Company :
P.T. KOLOSAL PRATAMA
Address :
Head Office
Ruko Graha Mas Pemuda, Blok
AC No.15-16
Jl. Pemuda, Pulogadung
Jakarta Timur 13220
Indonesia
Phones - (62-21) 470 1971 (hunting)
Fax - (62-21) 470 1966
Email - kolosal@cbn.net.id
Building Area - 5 storey
Office Space - 240 sq. meters
Region - Commercial
Status - Rent
Date of
Incorporation :
14 February 2002
Legal Form :
P.T. (Perseroan Terbatas) or Limited Liability Company
Company Reg. No. :
The Ministry of Law and Human Rights
a. No. C-12920
HT.01.01.TH.2002
Dated 15 July 2002
b. No. AHU-13474.AH.01.02.Tahun 2008
Dated 18
March 2008
c. No. AHU-AH.01.10-22941
Dated 11
June 2013
Company Status :
National Private Company
Permit by the Government Department :
a. The Department of
Finance
NPWP No. 02.100.386.8-003.000
b. The Department of
Trade
- General Importer License: 090408024
- Registration Importer No:
S-011039/TRI/BC/L/2003
Related/Associated Company :
Not available
Capital Structure :
Authorized Capital - Rp.
10,000,000,000.-
Issued Capital -
Rp. 3,000,000,000.-
Paid up Capital -
Rp. 3,000,000,000.-
Shareholders/Owners :
a. Mr. Dr. Asal, Apt. - Rp. 1,950,000,000.- (65%)
Address : Jl. Cipinang Baru Bunder No.4
Cipinang, Pulogadung
East Jakarta
b. Mrs. Vonny Imelda - Rp. 1,020,000,000.- (34%)
Address : Jl. Cipinang Baru Bunder No.4
Cipinang, Pulogadung
East Jakarta
c. Mr. Edywan - Rp.
30,000,000.- ( 1%)
Address : Jl. Maleo XI Blok JC.2/9
Pondok Pucung, Tangerang
Banten Province
Lines of Business :
Trading, Import and Distribution of Active Pharmaceuticals Ingredients,
Natural Active Pharmaceutical, Natural Plant Extracts Standardized, Cosmetic
& Personal Care, Nutraceuticals, Mineral and Additives.
Production Capacity :
None
Total Investment :
None
Started Operation :
2 0 0 2
Brand Name :
Kolosal Pratama
Technical Assistance :
None
Number of Employee :
20 persons
Marketing Area :
Local - 100%
Main Customers :
a. Pharmaceutical Industries
b. Cosmetic and Personal Care Products Industries
c. Food and Beverage Industries
Market Situation :
Very Competitive
Main Competitors :
a. PT. Justus Kimiaraya
b. PT. Adimitra Prima Lestari
c. PT. Halim Sakti Pratama
d. PT. Kharindo Prakarsa
e. PT. Elang Kurniasakti
f. PT. Indokemika Jayatama
Business Trend :
Growing
Bankers :
a. P.T. Bank CENTRAL ASIA Tbk
Rawamangun
Branch
Jl. Paus
No. 81, Rawamangun
Jakarta
Timur
Indonesia
b. P.T. Bank NEGARA INDONESIA Tbk
Pemuda Branch
Jl. Pemuda No. 15-16
Jakarta
Timur
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
Total Sales/Revenues (estimated) :
1010 – Rp. 32.0 billion
2011 – Rp. 38.0 billion
2012 – Rp. 46.0 billion
2013 – Rp. 55.0 billion
Net Profit (estimated) :
2010 – Rp. 1.6 billion
2011 – Rp. 2.0 billion
2012 – Rp. 2.4 billion
2013 – Rp. 3.0 billion
Payment Manner :
Average
Financial Comments :
Satisfactory
Board of Management :
President Director - Mr. Drs. Asal, Apt.
Director - Mr. Vonny Imelda
Board of Commissioners :
Commissioner - Mr. Edywan
Signatories :
President Director (Mr. Drs. Asal,
Apt.) or Director (Mrs. Vonny Imelda) which must be approved by Board of
Commissioner (Mr. Edywan)
Management Capability :
Good
Business Morality :
Good
P.T. KOLOSAL PRATAMA (P.T. KP) was established in Jakarta based on
Notarial Deed No. 65 dated February 14, 2002 made by Notary Yonsah Minanda,
SH., notary in Jakarta with an authorized capital of Rp 100,000,000.- issued capital of Rp
30.000.000.- entirely was paid up. The
founding shareholders of the company are Mr. Drs. Asal, Apt. (60%) and Mrs.
Thio Giuliani (40%), both Indonesian entrepreneurs of Chinese extraction. The Deed of establishment has been approved
by the Minister of Justice and Human Rights in its Decision Letter No. C-12920
HT.01.01.TH.2002 dated July 15, 2002.
The articles of association of the company have frequently been changed,
most recently by notarial Deed No. 18 dated March 30, 2013 made by Notary Munir
Syawal Pandapotan Sinaga, SH., the authorized capital was raised to Rp
10,000,000,000.- of which Rp. 3,000,000,000.- was issued and fully paid up.
Since at the time, the shareholders of the company are Mr. Drs. Asal, Apt. (65%),
his wife Mrs. Vonny Imelda (34%) and Mr. Edywan (1%). The capital structures and shareholder composition of P.T. SSK in details
are as shown on page-3 of this report. The amendment to Deed
has been approved by the Minister of Law and Human Rights of the Republic of
Indonesia through Decree No. AHU-AH.01.10-22941 dated June 11, 2013.
P.T. KP has been in operation since 2002 in trading, import and
distribution of Active Pharmaceuticals Ingredients, Natural Active
Pharmaceutical, Natural Plant Extracts Standardized, Cosmetic & Personal
Care, Nutraceuticals, Mineral and Additives.
Mr. Awaluddin, a marketing staff of the company explained that P.T. KP
was appointed as a distributor and agent for the above products imported from
several countries such as China, India, Europe, USA and also local
products. All the company's merchandize
products are sold to locally such as; pharmaceutical industries, cosmetic and
personal care industries, food and beverage industries and others. We observed that P.T. KP is classified as a
medium-sized company of its kind in the country of which the operation has been
growing in the last three years.
The domestic demand for active pharmaceutical ingredient, natural active
pharmaceutical, natural plant extracts, cosmetic and personal care,
nutraceuticals, mineral and additives had been rising by 8% to 10% on the
average per annum in the last five years in line with the rapid growth of
pharmaceutical industries, cosmetic industries, food and beverage industries,
etc. 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. KP business position in this case is not too
badly because it has built regular customers and extensive marketing network in
Jakarta, Bekasi, Tangerang, Bogor and its surroundings.
Until this time P.T. KP has not been registered with Indonesian Stock
Exchange, so that they shall not obliged to announce their financial statement.
The management of P.T. KP is very reclusive towards outsiders and rejected to
disclose its financial condition. We
observed that total sales turnover of the company in 2010 amounted to Rp. 32.0 billion
increased to Rp. 38.0 billion in 2011 rose again to Rp. 46.0 billion in 2012
and to Rp 55.0 billion in 2013. The
operation in 2013 yielded an estimated net profit of at least Rp. 3.0 billion
and the company has an estimated total net worth of at least Rp. 12.0 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. KP is led by Mr. Drs. Asal, Apt. (43) as President
Director, a businessman who experienced for more than 10 years in the field of
trading, import and distribution of pharmaceutical raw material, cosmetic and
personal care chemicals, food ingredients, etc.
Daily operation he is assisted by his wife Mrs. Vonny Imelda (41) as
Director and Mr. Edywan (35) as Commissioner.
The management is handled by experienced staff in this business, having
maintained a wide business relation with private businessmen at home and abroad
as well as with government sectors. 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. KOLOSAL PRATAMA is sufficiently fairly good for business
transaction. However, in view of the
unstable economic condition in the country we recommend to treat prudently in
extending a loan to the company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
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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 |
|
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 |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
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NB |
New Business |
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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.