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Report Date : |
11.10.2014 |
IDENTIFICATION DETAILS
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Name : |
C.V. YUSRINA
BORNEO QUANTUM |
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|
|
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Registered Office : |
Jalan Masrma Iswayudi No. 03 Sepinggan, Balikpapan Selatan Balikpapan, 76115 East Kalimantan |
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Country : |
Indonesia |
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Date of Incorporation : |
06.03.2006 |
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Legal Form : |
Partnership with Sleeping Partner |
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Line of Business : |
Trading and Distribution of Drill & Blast Mining, Quarry and
Construction Equipment |
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No. of Employees : |
17 persons |
RATING & COMMENTS
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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 : |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Indonesia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
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 |
Name of Company :
C.V. YUSRINA BORNEO QUANTUM
A d d r e s s :
Head Office
Jalan Masrma Iswayudi No. 03
Sepinggan, Balikpapan Selatan
Balikpapan, 76115
East Kalimantan
Indonesia
Phone -
(62-542) 763641
Fax - (62-542) 771631
E-mail - aprianto@bquantum.com
Website - http://www.bquantum.com
Building Area - 2 storey
Office Space - 120 sq. meters
Region - Commercial
Status - Rent
Date of
Incorporation :
6 March 2006
Legal Form :
C.V. Commanditaire Vennootschap or Partnership with Sleeping Partner
Company Reg. No. :
The Ministry of
Law and Human Rights
Not Required
Company Status :
National Private Company
Permit by the Government Department :
The Department of
Finance
NPWP No. 02.562.302.6-721.000
The Department of
Industry and Trade
- SIUP No.
000100/17-05/SIUP/PM/IV/2006
Dated 5 April 2006
- TDP No. 170535105185
Dated 19 April 2006
Related Company :
P.T. CITARUM BORNEO QUANTUM (Trading and Distribution of Technical
Equipment)
Capital Structure :
Owned Capital : Rp. 500 million
Owners :
a. Mrs. Indah Tri Sulistijowati (Active Partner)
b. Mr. Aprianto Huneiza (Silent Partner)
Lines of Business :
Trading and Distribution of Drill & Blast Mining, Quarry and
Construction Equipment
Production Capacity :
None
Total Investment :
None
Started Operation :
April 2006
Brand Name :
Yusrina Borneo Quantum
Technical Assistance :
None
Number of Employee :
17 persons
Marketing Area :
Local - 100%
Main Customer :
General Mining and Construction
Market Situation :
Very Competitive
Main Competitors :
a. P.T. BINAUNGGUL BANGUN ABADI
b. P.T. CITRA NAGA
CEMERLANG
c. P.T. DINAMIKA NUSANTARA
PRANATA
d. P.T. INDO ASIA TIRTA
MANUNGGAL
Business Trend :
Growing
B a n k e r s :
P.T. Bank MANDIRI Tbk
Ruko Taman Citra Block A3 No. 2-3
Jalan Soekarno Hatta
Balikpanan, East Kalimantan
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
Annual Sales (estimated) :
2011 – Rp. 14.3 billion
2012 – Rp. 15.5 billion
2013 – Rp. 17.0 billion
2014 – Rp. 9.0 billion (January
– June)
Net Profit (estimated) :
2011 – Rp. 0.9 billion
2012 – Rp. 1.1 billion
2013 – Rp. 1.2 billion
2014 – Rp. 0.7 billion (January – June)
Payment Manner :
Average
Financial Comments :
Satisfactory
Board of Management :
Director - Mrs. Indah Tri Sulistijowati
Board of Commissioners :
Commissioner - Mr. Aprianto Huneiza
Signatories :
Director (Mrs. Indah Tri Sulistijowati)
is only the authorized person to sign the loan on behalf of the company.
Management Capability :
Satisfactory
Business Morality :
Satisfactory
Credit Risk :
Average
C.V. YUSRINA BORNEO QUANTUM (C.V. YBQ) was established in Balikpapan,
East Kalimantan based on notary deed Mrs. Yuni Astuti, SH., No. 18 dated 6
March 2006 with the legal status of C.V. (Commanditaire Vennootschap) or
partnership with sleeping partner. The company was founded by Mrs. Indah Tri
Sulistijowati as active partner and her husband Mr. Aprianto Huneiza as silent
partner. As in common in cases of companies with C.V. status, there is no
mention in the company’s notary act of its capital structure. But going by the
company’s conditions, we estimate its capital at some of Rp. 500 million.
C.V. YBQ is a national private company started to be operating since
2006 dealing with trading, supply and distribution of drill & blast mining
equipment, quarry and construction equipment and parts. The company sells and
supply of blasting accessories (stemming plug/blast plug, plastic liner,
blasting machine, blasting impact measurement tools, cable wire, stemming
material); drilling accessories ( drill bit, shank rod, shank adaptor, drill
rod) etc. C.V. YBQ also provides services in drilling & blasting services
including transport explosive to PIT, loading into borehole, tie-in, execute
blast, misfire management; loading into borehole (down the hole, DTH) and
others. The whole products using SANDVIK, MITSUBISHI, FURUKAWA, ARIMAN, TOYO,
KOBLA and others wholly obtained from P.T. POWER DRILINDO, P.T. FAJAR MAS MURNI
and others. The whole products supplied to various coal mining, coal
contracting, general contracting, heavy duty equipment rental, quarrying mining
and others in East Kalimantan. The company’s customers are P.T. KALTIM PRIMA
COAL, P.T. H&H UTAMA INDONESIA, CHEVRON INDONESIA COMPANY, TOTAL E&P
INDONESIE, P.T. KALIRAYA SARI, P.T. BADAK NGL and others. We observe that C.V.
YBQ is classified a small size company of its kinds with operation has been
running smoothly and developing well.
The demand for construction and mining equipments, industrial
equipments, optical and laboratory equipments has kept on rising by 8% to 10%
per annum in the last five years. Such condition was in line with the growth of
industrial manufacturing, general mining industry sectors like oil and gas,
industrial refineries, fertilizer industry, electricity, office building,
chemical industry, pharmaceutical industry, food and beverage companies, pulp
and paper, cement and other sectors requiring the above products. It is
projected that the demand growth will be rising within the next five years.
Market competition is very tough on account of many other similar companies
operating in Indonesia. C.V. YBQ’s business position in this case is not too
badly because it has established regular customers and extensive marketing
network.
Until this time C.V. YBQ has not been registered with Indonesian Stock
Exchange, so that they had not obliged to announce their financial statement.
The management of the company is very reclusive towards outsiders and rejected
to disclose its financial condition. We observed that total sales turnover of
the company in 2011 amounted to Rp. 14.3 billion rose to Rp. 15.5 billion in
2012 increased to Rp. 17.0 billion in 2013. As from January to June 2014 the
sales turnover has amounted at Rp. 9.0 billion with a net profit of Rp. 0.7
billion. Its projected the sales will be higher by at least 6% in 2015. 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 C.V. YBQ is led by Mrs. Indah Tri Sulistijowati (46) a
businesswoman and professional manager with experience in trading, supply and
distribution of drill & blast mining, quarry and construction equipment and
parts. In its operation she is assisted by her husband Mr. Aprianto Huneiza
(48) as Commissioner. 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. C.V. YUSRINA BORNEO
QUANTUM is sufficiently fairly good for business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
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|
|
Report Prepared
by : |
SDA |
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 |
|
|
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.