|
Report Date : |
06.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
P.T. HANS JAYA UTAMA |
|
|
|
|
Registered Office : |
Jalan
Kapten Tendean No. 6 Kelurahan Mampang
Prapatan, Kecamatan Mampang Jakarta Selatan, 12790 |
|
|
|
|
Country : |
Indonesia |
|
|
|
|
Date of Incorporation : |
24.05.2000 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject dealing with general contracting services.
It provides services in building development, road construction, bridge,
irrigation, dock, water installation, telecommunication, electric, and other
civil works services. |
|
|
|
|
No. of Employees |
21 |
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 |
|
Payment Behaviour : |
No complaints |
|
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Indonesia |
B1 |
B1 |
|
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. HANS JAYA UTAMA
Head Office
Jalan
Kapten Tendean No. 6
Kelurahan
Mampang Prapatan, Kecamatan Mampang
Jakarta
Selatan, 12790
Indonesia
Phones -
(62-21) 79199281, 79192064
Fax - (62-21) 79195736
E-mail - anita_hju@yahoo.com
Building Area - 2 storey
Office Space - 130 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation :
24
May 2000
Legal
Form :
P.T.
(Perseroan Terbatas) or Limited Liability Company
Company
Reg. No. :
The Ministry of Law and Human Rights
-
No. C-22351 HT.01.01.TH.2000
Dated 12 October 2000
-
No. AHU-72641.HT.01.02.TH.2008
Dated 13 October 2008
-
No. AHU-44981.AH.01.02.TH.2013
Dated 27 August 2013
Company
Status :
National
Private Company
Permit
by the Government Department :
The Department of Finance
NPWP
No. 01.977.744.0-062.000
The Department of Industry and Trade
TDP
No. 090314540068
Dated
22 July 2003
Related
Company :
None
Capital
Structure :
Authorized
Capital : Rp.
12,000,000,000.-
Issued
Capital :
Rp. 3,000,000,000.-
Paid
up Capital :
Rp. 3,000,000,000.-
Shareholders/Owners
:
a. Mrs. Siti Salmiah Syah -
Rp. 2,850,000,000.-
Address : Pondok Hijau Permai 19 No. 14, RT. 009 RW.
016
Kelurahan Pengasinan, Kecamatan Bekasi
Timur, Bekasi, West Java
Indonesia
b. Mr. Udin Hapendi Wiratama - Rp. 150,000,000.-
Address :
Kp. Sudimampir, RT. 003 RW. 012
Kelurahan Cimanggis, Kecamatan Bojonggede
Bogor, West Java
Indonesia
Lines
of Business :
General
Contracting Services
Production
Capacity :
None
Total
Investment :
None
Started
Operation :
2001
Brand
Name :
Hans
Jaya Utama
Technical
Assistance :
None
Number
of Employee :
21
persons
Marketing
Area :
Local - 100%
Main
Customer :
Industrial
Manufacturing
Market
Situation :
Very
Competitive
Main
Competitors :
a.
P.T. ALAM SUTRA MANDIRI
b.
P.T. RAHMAT SEJAHTERA
c.
P.T. SISMAGRAHA ARKANANTA
d.
P.T. WIDY KENCANA MANDIRI
e.
Etc.
Business
Trend :
Growing
B
a n k e r s :
a.
P.T. Bank MANDIRI Tbk
Jalan Mampang Prapatan No. 61
Jakarta Selatan
Indonesia
b. P.T. Bank MEGA Tbk
Menara Bank Mega
Jalan Kapten Tenderan 12-14A
Jakarta Selatan
Indonesia
Auditor
:
Internal
Auditor
Litigation
:
No
litigation record in our database
Total
Revenue (estimated) :
2011
– Rp. 15.2 billion
2012
– Rp. 16.5 billion
2013
– Rp. 18.0 billion
Net
Profit (estimated) :
2011
– Rp. 1.2 billion
2012
– Rp. 1.3 billion
2013
– Rp. 1.5 billion
Payment
Manner :
Average
Financial
Comments :
Satisfactory
Board of Management :
Director - Mrs. Siti Salmiah Syah
Board of Commissioners :
Commissioner - Mr. Udin Hapendi Wiratama
Signatories :
Director
(Mrs. Siti Salmiah Syah) 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. HANS JAYA UTAMA (P.T. HJU) was established in South
Jakarta on 24 May 2000 with the authorized capital of Rp. 600,000,000 issued
capital of Rp. 550,000,000 fully and paid up. The founding and shareholders of
the company are Mrs. Siti Salmiah Syah and Mr. Wagino, both are indigenous
businessmen. Its article of association has frequently been revised and in
September 2008 Mr. Wagino pulled out and the whole share sold to Mr. Udin
Hapendi Wiratama as new shareholder. The latest according to the latest
revision of notary deed Mr. Fawzia Azhari, SH., no. 26 dated 29 May 2013 the
company authorized capital was increased to Rp. 12,000,000,000 issued capital
of Rp. 3,000,000,000 entirely paid up. With this development the composition of
its shareholders has been changed to become Mrs. Siti Salmiah Syah (95%) and
Mr. Udin Hapendi Wiratama (5%). The deed of amendments was approved by the
Ministry of Law and Human Rights in its decision letter No.
AHU-44981.AH.01.02.TH.2013 dated August 27, 2013.
P.T. HJU is a national private company has been operating
since 2001 dealing with general contracting services. The company provides
services in building development, road construction, bridge, irrigation, dock,
water installation, telecommunication, electric, and other civil works
services.
The company has been completed various projects among
others as steel construction, steel fabrication, oil piping installation work,
project work apartment building pile foundation, reinforced concrete
enforcement works and others. The services has used by P.T. DUASIA PADUSEJATI,
P.T. GEOTEC KONSTRUKSI INDONESIA, P.T. TAKENAKA DOBOKU INDONESIA and others. In
its operation the company has completed the construction of steel building
construction of paint building owned by P.T. BINA ADIDAYA; oil piping
installation works, oil refinery P.T. PERTAMINA Unit Pengolahan Indramayu, West
Java owned obtained from P.T. TRIDAYASA as main contractor; civil works and
construction of foundation and building pile foundation building apartment
Paramita Residence owned by P.T. JAGAD BATARA GUNA; construction of foundation,
and building construction of chemical industries owned by P.T. ABADI KARYA
UTAMA and others. According information the company under still completed the
construction of oil piping installation of P.T. PERTAMINA Unit Pengolahan
Cilacap, Central Java. The projects will be finished in August 2014. We observe
that P.T. HJU is classified a small sized company of its kinds in the country
with operation has been growing with slowly in the last three years.
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. HJU has not been registered with
Indonesian Stock Exchange, so that they had not obliged to announce their
financial statement. The management of P.T. HJU is very reclusive towards outsiders
and rejected to disclose its financial condition. We estimated that total
revenue of the company in 2011 amounted to Rp. 15.2 billion rose to Rp. 16.5
billion in 2012 increased to Rp. 18.0 billion in 2013 and projected to go on
rising by at least 4% in 2014. The operation in 2013 yielded an estimated net
profit of at least Rp. 1.5 billion and the company has an estimated total
networth of at least Rp. 3.0 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. HJU is led by Mrs. Siti Salmiah
Syah (46) a businesswoman with experience in general contracting services. 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. HANS JAYA UTAMA is
sufficiently fairly good for business transaction. However, in view of the
unstable political conditions 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.59.30 |
|
|
1 |
Rs.99.34 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.