MIRA INFORM REPORT

 

 

 

 

Report Date :

07.05.2014

 

IDENTIFICATION DETAILS

 

Name :

P.T. HARTONO ISTANA TEKNOLOGI

 

 

Registered Office :

Jl. KHR Asnawi No. 310, Kaliwungu – Kudus 59332, Jawa Tengah

 

 

Country :

Indonesia

 

 

Date of Incorporation :

31.10.1992

 

 

Com. Reg. No.:

AHU-AH.01.10-18891

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Engaged in Electronic Household Appliance Industry

 

 

No of Employees :

3,162

 

 

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

 

 

 

Company name

 

P.T. HARTONO ISTANA TEKNOLOGI

 

 

Company Address

 

Head Office & Factory 1

Jl. KHR Asnawi No. 310

Kaliwungu – Kudus 59332

Jawa Tengah

Indonesia

Phones             - (62-291) 433255, 433266

Fax.                  - (62-291) 431001, 431030

Email                - hrdkudus@polytron-indonesia.com

Website            - http://www.polytron.co.id

Land Area         - 20.0 hectares

Building Space  -   9.5 hectares

Region              - Industrial Zone

Status               - Owned

 

Factory 2

Jl. Raya Semarang Demak Km. 9

Sayung – Semarang 59563

Central Java

Indonesia

Phones             - (62-291) 6592220 (hunting)

Fax.                  - (62-291) 6592225

Land Area         - 16.5 hectares

Building Space  -   4.2 hectares

Region              - Industrial Zone

Status               - Owned

 

Branches

a. Jakarta Office

    Jl. Aipda KS Tubun II/15

    Jakarta 11410

    Indonesia

    Phones         - (62-21) 5322663, 5330987

    Fax.              - (62-21) 530225

b. Thailand Office (Polytron Thailand Co. Ltd.)

    514/17 SOI Ramkamhaeng 39 (Tapelila), Ramkamhaeng Road, Kwaeng

    Wangthonglang, Khet Wanghonglang,

    Bangkok 10310, Thailand

    Phones         - (66-2) 1582696

    Fax.              - (66-2) 1582697

 

Date of Incorporation

 

31 October 1992

 

 

Legal Form

 

P.T. (Perseroan Terbatas) or Limited Liability Company

 

 

Company Reg. No.

 

The Ministry of Law and Human Rights

a. No. AHU-92955.AH.01.02.Tahun 2008

    Dated 03 December 2008

b. No. AHU-AH.01.10-18891

    Dated 20 June 2011

 

 

Company Status

 

National Private Company

 

 

Permit by the Government Department

 

a. The Department of Finance

    NPWP No. 01.462.713.7-092.000

 

b. The Department of Industry and Trade

    TDP No. 11.25.1.32.00081

    Dated 18 February 2008

 

 

Holding Company

 

P.T. KUMPARAN KENCANA ELECTRINDO, a company member of the DJARUM Group

 

CAPITAL AND OWNERSHIP

 

Capital Structure :

Authorized Capital         - Rp. 500,000,000,000.-

Issued Capital   - Rp. 325,000,000,000.-

Paid up Capital - Rp. 325,000,000,000.-

 

Shareholders/Owners :

a. PT. Kumparan Kencana Electrindo                  - Rp. 259,966,000,000.- (80.00%)

    Address: Jl. Kyai Haji Raden Asnawi

                   PO Box 125, Kudus

                   Indonesia

 

b. Mr. Robert Budi Hartono                                - Rp.   33,167,000,000.- (10.20%)

    Address: Jl. Tanjung No. 53

                   Kudus, Central Java

                   Indonesia

 

c. Mr. Michael Bambang Hartono                       - Rp.   31,867,000,000.- (09.80%)

    Address: Jl. Tanjung No. 53

                   Kudus, Central Java

                   Indonesia

 

 

BUSINESS ACTIVITIES

 

Lines of Business :

Electronic Household Appliance Industry

 

Production Capacity :

 

Factory 1

a. Color/LCD TV Sets                - 400,000 units p.a.

b. Black & White TV Sets           -   50,000 units p.a.

c. Computer Monitors                -   20,000 units p.a.

d. TVRO/Satellite Receivers       -   10,000 units p.a.

e. Music Center (Audio)             - 350,000 units p.a.

f.  Radio Cassettes                   - 200,000 units p.a.

g. Radios                                  - 100,000 units p.a.

 

Factory 2

a. Refrigerators                         - 150,000 units p.a.

b. Air Conditioners                    - 100,000 units p.a.

 

Total Investment :

Owned Capital   - Rp. 325.0 billion

Started Operation :

1993

 

Brand Name :

POLYTRON

 

Technical Assistance :

None

 

Number of Employee :

3,162 persons

 

Marketing Area :

Domestic          - 85%

Export              - 15%

 

Main Customers :

a. P.T. SARANA KENCANA MULYA (as Sole Distributor)

b. Dealers in Banjarmasin, Palu, Makassar, Sorong, Kendari, Ambon, Padang and Manado

c. Etc.

 

Market Situation :

Very Competitive

 

Main Competitors :

a. PT. Sharp Indonesia

b. PT. Panasonic Gobel Manufacturing

c. PT. Sanyo Indonesia

d. PT. Sony Indonesia

e. PT. Samsung Indonesia, etc

 

Business Trend :

Growing

 

 

BANKER, AUDITOR & LITIGATION

 

Bankers :

a. P.T. Bank MANDIRI Tbk

    Jl. Jend. Sudirman No. 128

    Kudus, Central Java

    Indonesia

b. P.T. Bank Negara Indonesia

    Jl. Jend. A. Yani No. 55

    Kudus, Central Java

    Indonesia

 

Auditor :

Internal Auditor

 

Litigation :

No litigation record in our database

 

FINANCIAL FIGURE

 

Annual Sales (estimated) :

2009 – Rp. 2,018.0 billion

2010 – Rp. 2,460.0 billion

2011 – Rp. 2,540.0 billion

2012 – Rp. 2,910.0 billion

2013 – Rp. 1,650.0 billion (January – June)

 

Net Profit (estimated) :

2009 – Rp. 165.0 billion

2010 – Rp. 202.0 billion

2011 – Rp. 208.5 billion

2012 – Rp. 239.0 billion

2013 – Rp. 135.5 billion (January – June)

 

Payment Manner :

Good

 

Financial Comments :

Satisfactory

 

 

KEY EXECUTIVES

 

Board of Management :

President Director                    - Mr. Hariono

Director            s                                  - a. Mr. Khosasih Adisusanto

                                                  b. Mr. Djunedhi Listyono

                                                  c. Mr. Robin Wijaya

                                                  d. Mr. Tekno Wibowo

 

Board of Commissioners :

President Commissioner            - Mr. Robert Budi Hartono

Commissioners                         - a. Mr. Michael Bambang Hartono

                                                  b. Mr. Dwi Djaja Setiabudi

 

Signatories :

President Director (Mr. Hariono) or one of the Directors (Mr. Khosasih Adisusanto, Mr. Djunedhi Listyono , Mr. Robin Wijaya or Mr. Tekno Wibowo) which must be approved by Board of Commissioners (Mr. Robert Budi Hartono and Mr. Michael Bambang Hartono).

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.20

UK Pound

1

Rs.101.68

Euro

1

Rs.83.55

 

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

 

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