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Report Date : |
30.05.2014 |
IDENTIFICATION DETAILS
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Name : |
P.T. DINAMIK MULTI SUKSES |
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Registered Office : |
Komplek Ruko Delta Niaga Blok C-23, Jalan Waru,
Kawasan Industri Delta Silicon 2, Lippo Cikarang, Bekasi 17550, West Java |
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Country : |
Indonesia |
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Date of Incorporation : |
23.06.2010 |
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Com. Reg. No.: |
No. AHU-AH.01.10-01370 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading, Import and Distribution of Foods
and beverages |
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No. of Employees : |
26 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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 – 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 |
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Moderate High Risk |
C1 |
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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 |
Correct Name of
Company :
P.T.
DINAMIK MULTI SUKSES
A d d r e s s :
Head Office
Komplek Ruko Delta Niaga Blok C-23
Jalan Waru, Kawasan Industri Delta Silicon 2
Lippo Cikarang, Bekasi 17550
West Java
Indonesia
Phone -
(62-21) 649 6461
Fax. - (62-21) 629 4133
Email - info@dinaiksms.com
Building Area - 2,800 sq. meters
Office Space - 240 sq. meters
Region - Industrial
Estate
Status - Rent
Date of
Incorporation :
23 June 2010
Legal Form :
P.T. (Perseroan Terbatas) or Limited Liability Company
Company Reg. No. :
The Ministry of
Law and Human Rights
a. No. AHU-36679.AH.01.01.Tahun
2010
Dated 23 July 2010
b. No. AHU-AH.01.10-01370
Dated 13 January 2012
Company Status :
National Private Company
Permit by the
Government Department :
The Department of
Finance
NPWP No. 31.212.579.2-413.000
Related/Associated Company :
Not available
Capital Structure
:
Authorized Capital - Rp.
1,000,000,000.-
Issued Capital - Rp.
1,000,000,000.-
Paid up Capital - Rp.
1,000,000,000.-
Shareholders/Owners
:
a. Mr. Susanto Wijaya -
Rp. 750,000,000.- (75%)
Address : Jl. Keadilan II No. 33
Glodok, Taman Sari
West Java, Indonesia
b. Mrs. Meylianawati Wijaya -
Rp. 250,000,000.- (25%)
Address : Komplek Green Ville AU No.2
Duri Kepa, Kebon Jeruk
West Jakarta, Indonesia
Lines of Business
:
Trading, Import and Distribution of Foods
and beverages
Production
Capacity of :
None
Total Investment :
None
Started Operation
:
2011
Brand Name :
Dinamik Multi Sukses
Technical
Assistance :
None
Number of Employee
:
26 persons
Marketing Area :
Domestic - 100%
Main Customers :
a.
Supermarkets, Mini-markets
b.
Traditional Markets
c. Food and Beverage
Retailers and Dealers
d.
Etc.
Market Situation :
Very Competitive
Main
Competitors :
a.
P.T. ANEKA SARIVITA
b. P.T. BINA MENTARI TUNGGAL
c. P.T. BUMI MANDIRI PUSPATAMA
d. P.T. SURYA CEMERLANG ABADI
e. P.T. BERKAT MANDIRI PRIMA
f. Etc.
Business Trend :
Growing
B a n k e r s :
a. P.T.
Bank CIMB NIAGA Tbk
Gedung Menara Pacific
Jl. MH
Thamrin, Lippo Cikarang
Bekasi, West
Java,
b. P.T.
Bank CENTRAL ASIA Tbk
Jl. Taman Sari No. 47-47A
Glodok, Taman Sari
Jakarta Pusat
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
Annual Sales
(estimated) :
2011 – Rp. 26.0 billion
2012 – Rp. 42.0 billion
2013 – Rp. 58.0 billion
Net Profit (Loss)
:
2011 – Rp. 1.2 billion
2012 – Rp. 2.5 billion
2013 – Rp. 3.4 billion
Payment Manner :
Average
Financial Comments
:
Satisfactory
Board of Management :
Director - Mr. Alvin Pranata
Board of Commissioners :
President Commissioner - Mr. Susanto Wijaya
Commissioner - Mrs. Meylianawati Wijaya
Signatories :
Director (Mr. Alvin Pranata)which must
be approved by Board of Commissioner (Mr. Susanto Wijaya and Mrs. Meylianawati
Wijaya)
Management Capability :
G o o d
Business Morality :
G o o d
Credit Risk :
Below average
Credit Recommendation :
Credit can be proceeded normally
Proposed Credit Limit :
Moderate amount
P.T.
DINAMIK MULTI SUKSES (P.T. DMS) was established in Bekasi based on notarial
Deed No. 50 dated June 23, 2010 made by Notary Telly Feberianawati, SH., notary
in Bekasi with the authorized capital of Rp. 1,000,000,000.- of which Rp
500,000,000.- was issued and fully paid up.
The founding shareholders of the company are Mr. Susanto Wiajaya (75%)
and Mrs. Meylianawati Wijaya (25%), both are Indonesian entrepreneurs of
Chinese extraction. The Deed of
establishment has been approved by the Minister of Law and Human Rights of the
Republic of Indonesia through its Decree No. AHU-36679.AH.01.01.Tahun 2010
dated July 23, 2010. The Notarial Deed of the company have frequently been
revised, most recently by notarial Deed No. 11 dated December 30, 2011 made by Notary Amelia Kasih, SH., the
issued capital was raised to Rp 1,000,000,000.- and fully paid up. The
capital structures and shareholder composition of P.T. EU 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.01.10-01370 dated January 13, 2012.
P.T.
DMS has been in operation since 2011 dealing with trading and distribution of
food and beverage such as; Corniche foods, De Rica Italian food, Bertolli olive
oil, Hosen canned fruits and vegetables, Pop-Smile Popcorn in sacks, Triko
Foods, Barilla dente pasta, Sunny Perfect Sunflower and Grape-seed Oil, Cirio
Tomato products, Lune De Miel vintage
Wines, Juice&World Fruit Juices and Nutritional Beverages, Linsay Olive
Grove, Cattlemen’s BBQ Sauce, Log Cabin Syrup, Maple Joe Maple Syrup, Sensible
Foods fruit and Vegetables, Mr. Brown Coffe in can, Jeedjard Chewy and Gummy
Tamarind, Lamthong Fruits and Vegetables, Erawan Foods, Golden Bridge Cooking
Oils, Bin Bin Snack Foods, Tai Sun Nuts Potato Chips an Nuts, Gold Kili Instant
Beverage, etc. The company is appointed
as the sole agents and distributors of some quality products from some
countries in Italy, USA, Canada, Singapore, Taiwan, Thailand, etc. The merchandise products are marketed to
supermarkets, mini-markets, traditional markets, food and beverage retailers
and dealers in Jakarta, Bekasi, Bogor, Tangerang and its surroundings. We observed that P.T. DMS 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.
Generally
we find the local demand for food and beverage had been rising by 8% to 10% per
year within the last five years in line with the rapid growth of food and
beverage industries, hotels and restaurants, home bakery industries, cafes and
coffee shops, etc. But since the global economic crisis and tight money policy
being imposed by Bank Indonesia in October 2008 the demand had been
fluctuating. However since the early 2009 the demand has been increasing due to
the amelioration economic condition in the country. It is estimated the demand
will rise again in line with a slight amelioration of economic condition,
stability of political and security in the country.
Until
this time P.T. DMS has not been registered with Indonesian Stock Exchange, so
that they shall not obliged to announce their financial statement. The management of P.T. DMS is very reclusive towards
outsiders and rejected to disclose its financial condition. We estimate
P.T. DMS's sales turnover in 2011 reached Rp. 26.0 billion increased to Rp.
42.0 billion in 2012 rose again to Rp. 58.0 billion in 2013 and projected to go
on rising by at least 8% in 2014. The
operation in 2013 yielded an estimated net profit of at least Rp. 3.4 billion
and the company has an estimated total net worth of at least Rp. 20.0
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
Company's management is headed by Mr. Alvin Pranata (25) as director, a young
manager with more than 3 years of experience in trading, importing and
distribution of food and beverage. But we
believe that the prime-mover of the company is his father Mr. Susanto Wijaya
(57) as President Commissioner, a businessman with more than 20 years of
experience in the business. In daily activities, he is assisted by his wife
Mrs. Meylianawati Wijaya (58) as commissioner.
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 fraudulent dealings. The company’s litigation record is
clean and it has not registered with the black list of Bank of Indonesia.
P.T.
DINAMIK MULTI SUKSES is appraised to be 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.58.84 |
|
|
1 |
Rs.98.40 |
|
Euro |
1 |
Rs.80.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
PDT |
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 |
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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 |
|
|
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 |
-- |
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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.