|
Report Date : |
14.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
P.T. JAYA TRADE INDONESIA |
|
|
|
|
Registered Office : |
Jalan
Kramat Raya No. 144 Kenari, Senen Jakarta Pusat, 10430 |
|
|
|
|
Country : |
Indonesia |
|
|
|
|
Date of Incorporation : |
11.02.1971 |
|
|
|
|
Com. Reg. No.: |
AHU-AH.01.10-02093 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
275 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Indonesia |
B1 |
A2 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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 |
P.T.
JAYA TRADE INDONESIA
Head Office
Jalan
Kramat Raya No. 144
Kenari,
Senen
Jakarta
Pusat, 10430
Indonesia
Phones -
(62-21) 315 9999, 315 6344, 314 6917
Fax - (62-21) 314 5888
E-mail - marketing@jayatrade.com
Website - http://www.jayatrade.com
Building Area - 3 storey
Office Space - 140 sq. meters
Region - Commercial
Status - Rent
Workshop
Jalan
Jababeka XIV Block J No. 51
Jababeka
Industrial Estate
Cikarang,
Bekasi, 17550
West
Java
Indonesia
Phones -
(62-21) 8934 612 (Hunting)
Fax - (62-21) 8934 611
Land Area - 6,000 sq.
meters
Building Space - 4,000 sq. meters
Region - Industrial
Estate
Status - Rent
Date of Incorporation :
11
February 1971
Legal
Form :
P.T.
(Perseroan Terbatas) or Limited Liability Company
Company Reg. No. :
The Ministry of Law and Human Rights
- No. JA-5/84/25
Dated 22 May 1971
- No. AHU-21475.AH.01.02.TH.2008
Dated 5 March 2008
- No. AHU-AH.01.10-02093
Dated 17 January 2014
Company Status :
National Private and
Domestic Investment (PMDN) Company
Permit by the
Government Department :
The Department of Finance
NPWP No.
01.303.731.2-073.000
The Department of Trade
SIUP No.
386/0024/09-01/PB/85/3
Dated 9 June 1985
The Capital Investment Coordinating Board
No. 409/I/PMDN/1994
Dated 28 June 1994
Related Company :
A Member Company of
the PEMBANGUNAN JAYA or JAYA Group (see attachment)
CAPITAL
AND OWNERSHIP
|
Capital
Structure :
Authorized
Capital : Rp.
300,000,000,000.-
Issued
Capital :
Rp. 220,000,013,000.-
Paid
up Capital :
Rp. 220,000,013,000.-
Shareholders/Owners
:
a. P.T. JAYA KONSTRUKSI MANGGALA
PRATAMA Tbk - Rp. 219,999,900,000.-
Address : Kantor Taman Bintaro Jaya Gedung B
Jl. Bintaro Raya
Kelurahan Meruya Utara, Kecamatan Kembangan
Jakarta Barat
Indonesia
b. P.T. PEMBANGUNAN JAYA -
Rp. 113,000.-
Address :
Jaya Building
Jl. M.H. Thamrin No. 12
Kelurahan Gambir, Kecamatan Gambir
Jakarta Pusat
Indonesia
BUSINESS ACTIVITIES
|
Lines of Business :
a. Trading and Distribution of Asphalt Products
b. Trading and Distribution of Forklift and
Cranes
Production Capacity :
None
Total Investment :
None
Started Operation :
1971
Brand Name :
Jaya Trade Indonesia
Technical Assistance
:
None
Number of Employee :
275 persons
Marketing Area :
Local - 100%
Main Customer :
Road construction and
others
Market Situation :
Very Competitive
Main Competitors :
a. P.T. ASPAL BANGUN
SARANA
b. P.T. BITUMEN
MARASENDE
c. P.T. DHISA
MANUNGGAL KARYA
d. P.T. INTAN ASPALT
e. P.T. PETROMINDO
BUMI PERTIWI
Business Trend :
Growing
BANKER,
AUDITOR & LITIGATION
|
B
a n k e r s :
a. P.T. Bank CIMB NIAGA Tbk
Jalan Kramat Raya No. 148 A
Jakarta Pusat
Indonesia
b. P.T. Bank MANDIRI Tbk
Mandiri Plaza
Jalan Imam Bonjol No. 61
Jakarta Pusat
Indonesia
Auditor
:
Internal
Auditor
Litigation
:
No
litigation record in our database
FINANCIAL
FIGURE
|
Annual
Sales (estimated) :
2011
– Rp. 1,833.3 billion
2012
– Rp. 1,950.3 billion
2013
– Rp. 2,339.4 billion
2014
– Rp. 1,240.0 billion (January – June)
Net
Profit (estimated) :
2011
– Rp. 110.0 billion
2012
– Rp. 117.0 billion
2013
– Rp. 140.4 billion
2014
– Rp. 74.4 billion (January – June)
Payment
Manner :
Average
Financial
Comments :
Satisfactory
KEY
EXECUTIVES
|
Board of Management :
President Director - Mr. Ir. Okky Dharmosetio, MBA
Directors -
a. Mr. Padot Marudut Gultom
b. Mr. Ir. Agus Setiadi Lukita
Board of Commissioners :
President Commissioner - Mr. Sutopo Kristanto
Commissioner - Mr. Yohannes Hengky Wijaya
Signatories :
President
Director (Mr. Ir. Okky Dharmosetio, MBA) or one of the Directors (Mr. Padot
Marudut Gultom or Mr. Ir. Agus Setiadi Lukita) which must be approved by Board
of Commissioner
CAPABILITIES
|
Management Capability :
Good
Business Morality :
Good
Credit Risk :
Average
Credit Recommendation :
Credit should be proceeded with monitor
OVERALL PERFORMANCE
|
P.T.
JAYA TRADE INDONESIA (P.T. JTI) was established in Jakarta on 11 February 1971
with an authorized capital of Rp. 50,000,000 issued capital of Rp. 37,500,000
was fully paid up. The founders and original shareholders of the company are
P.T. PEMBANGUNAN JAYA, a company whose shares are mostly controlled by the
Jakarta Capital City Administration, Mr. Ir. Tjiputra (Ciputra) AKA Tjie Tjien
Hoan, Mr. Ir. Hiskak Secakusuma SE, MM, Mr. Drs. Suryadi (they are Indonesian
businessmen of Chinese extraction), Mr. Ir. Soekrisman, Mr. Sutaryono, Mrs.
Drs. Haji Slamet Budisukrisno, Mr. Drs. Soeroso Soemoprawiro, Mr. Ir. Soetomo
and Mr. Eddy F. Turangan, the latter are indigenous entrepreneurs. It’s article
of association had been changed a couple of times. In December 1994 the
authorized capital was raised to Rp. 20,000,000,000 issued and paid up capital
to Rp. 4,000,000,000. On June 2000 the authorized capital was raised to Rp.
100,000,000,000 issued and paid up capital to Rp. 34,251,450,000.
Then
in May 2008, the authorized capital of the company was raised to Rp.
300,000,000,000 of which Rp. 138,754,789,000 was issued and fully paid up.
Since that time, the shareholders of the company have been P.T. PEMBANGUNAN
JAYA (28.8%) and P.T. JAYA KONSTRUKSI MANGGALA PRATAMA (71.2%), both are
members of the PEMBANGUNAN JAYA Group or the JAYA Group, a large sized company
group in the country whose majority shares are controlled by the DKI Jaya
(Jakarta Capital City Administration). Then according to the latest revision of
notary deed Mr. Sjaaf De Carya Siregar, SH., no. 19 dated 29 November 2013 the
company issued capital was increased to Rp. 220,000,013,000 entirely paid up.
With this development the composition of its shareholders has been changed to
become P.T. JAYA KONSTRUKSI MANGGALA PRATAMA Tbk (99.99%) and P.T. PEMBANGUNAN
JAYA (0.01%). The deed of amendments was approved by the Ministry of Law and
Human Rights in its decision letter No. AHU-AH.01.10-02093 dated November 29,
2013.
P.T.
JTI has been in operation since 1971 dealing with trading and distribution of
bulk asphalt and drum asphalt produced by P.T. PERTAMINA, a state owned oil and
natural gas company. In 1993, the company diversified its business into
investment holding by owning several subsidiary companies as sub-distributors
of bulk asphalt for major cities in Indonesia. Today, P.T. JTI and its
subsidiary companies are the largest companies in the country dealing with
trading of the above products in Indonesia.
In
marketing areas of Jakarta, Banten and West Java, the operation of P.T. JTI is
supported by its subsidiary company P.T. SARANA MERPATI UTAMA; in East Java by
P.T. ADI BAROTO NUGRATAMA, in North Sulawesi, Gorontalo, Central Sulawesi,
Maluku and Irian Jaya directly by P.T. JTI. In trading of bulk asphalt, P.T.
JTI manages a bulk asphalt terminal in Cirebon, West Java while its subsidiary
company P.T. TOBA GENA UTAMA manages a bulk asphalt terminal in Belawan, North
Sumatra, P.T. SARANA BITUNG UTAMA in Bitung, North Sulawesi, P.T. SARANA
LAMPUNG UTAMA in Panjang, Lampung and P.T. SARANA LOMBOK UTAMA in Lombok and
Kupang, Nusa Tenggara Timur.
Besides,
P.T. JTI also has close relation with tanker ship fleet of bulk asphalt based
in the country or in Singapore. Another business field managed by P.T. JTI is
trading and distribution of LPG gas and Forklift. Trading of LPG gas is carried
out by its subsidiary company P.T. JAYA GAS INDONESIA while for forklift
trading is directly performed by P.T. JTI. The company is a sole agent of YALE
Material Handling Corp of the USA since 1984. Besides, P.T. JTI also provides
after sales services such as sales of spare parts, repair services and rental
services. Its workshop is located at Jababeka Industrial Estate, Cikarang,
Bekasi, West Java doubling as a place for assembling YALE Forklifts. We observe
that P.T. JTI is classified as a large sized company of its kind in the
country.
P.T.
JAYA TRADE INDONESIA Ownership
|
Name of Company |
Lines of Business |
Percentage of Ownership (%) |
|
Direct Ownership |
|
|
|
P.T. ADBAROTO NUGRATAMA |
Pertamina Asphalt and LPG Dealer |
77.50 |
|
P.T. ADIGAS JAYA
PRATAMA |
LPF Pertamina Dealer |
80.00 |
|
P.T. GLOBAL BITUMEN UTAMA |
Asphalt and LPG Dealer |
99.00 |
|
P.T. JAYA GAS
INDONESIA |
Pertamina Gas Dealer |
99.99 |
|
P.T. KENROPE UTAMA |
Bulk LPG Station and Bulk Transportation |
80.00 |
|
P.T. KENROPE UTAMA
SENTUL |
Bulk LPG Station and Bulk Transportation |
80.00 |
|
P.T. KENROPE SARANA
PRATAMA |
Bulk LPG Station and Bulk Transportation |
80.00 |
|
P.T. METROJAYA
MANDIRI |
Pertamina Gas Dealer |
99.20 |
|
P.T. SARANA BITUNG
UTAMA |
Asphalt Dealer |
99.00 |
|
P.T. SARANA LOMBOK
UTAMA |
Asphalt Dealer |
99.00 |
|
P.T. SARANA LAMPUNG
UTAMA |
Asphalt Dealer |
99.00 |
|
P.T. SARANA MERPATI
UTAMA |
Asphalt Dealer |
80.00 |
|
P.T. TOBA GENA
UTAMA |
Pertamina Asphalt Dealer |
99.00 |
|
P.T. SARANA ACEH
UTAMA |
Trading and Transportation Services |
99.00 |
|
P.T. SARANA JAMBI
UTAMA |
Asphalt Trading |
99.00 |
|
P.T. SARANA MBAY
UTAMA |
Pertamina Asphalt Dealer |
98.60 |
|
P.T. SARANA SAMPIT
MENTAYA UTAMA |
Asphalt Trading |
99.00 |
|
P.T. SARANA SUMBER
DAYA UTAMA |
Mining |
99.00 |
The
Company’s asphalt business is operated by P.T. Jaya Trade Indonesia, one of the
country’s largest distributors of bulk and drum asphalt. With a high dependence
on imported bitumen, the asphalt business was impacted by the depreciation of
the rupiah against the US dollar in 2013. Revenue increased from Rp 1.3
trillion in 2012 to Rp 1.6 trillion in 2013. However, revenue growth was down
from 66.7% in 2012 to 17.8% in 2013. The increase in revenue was partly
attributable to an increase in sales volume from 177,854 MT (metric tons) in
2012 to 190,414 MT in 2013; however, the most significant influence on revenue
was the appreciation of the US dollar against the Rupiah towards the end of the
year.
With
regional economic growth in Indonesia driving demand for infrastructure,
including roads, we believe that the outlook for the asphalt business remains
very promising. In the coming year, P.T. Jaya Trade Indonesia will therefore
seek to invest in a new asphalt tanker to improve our distribution
capabilities, and continue to deploy additional bulk asphalt capacity in
strategic locations in 2015.
The
Company operates in LPG trading and LPG pipe installation through P.T. Jaya Gas
Indonesia, which distributes LPG and provides sevices on pipe installation and
LPG utilities. P.T. Kenrope Utama and P.T. Kenrope Sarana Pratama, both in
Cikiwul, Bekasi, and P.T. Kenrope Utama Sentul, in Sentul, Bogor, operates LPG
filling plants. Their combined revenues grew by 15.1% from Rp. 616.1 billion to
Rp. 709 billion in 2013. The increase in revenue was largely the result of an
adjustment in the unit price of LPG due to the depreciation of the Rupiah and a
hike in international gas prices. The LPG trade is fully controlled by
Pertamina and other than the adjustment above there were no significant changes
in trading conditions in 2013.
The
handling equipment business is operated by P.T. Jaya Trade Indonesia. Handling
equipment revenues fell by 11.2% from Rp. 34.2 billion in 2012 to Rp. 30.4
billion in 2013. We observed that P.T. JTI business prospect in asphalt
trading, distribution and supplying are good since P.T. JTI was appointed as
one of PERTAMINA's asphalt product distributors in Indonesia.
The
demand of bitumen (asphalt) has kept on rising in the last five years in line
with the growth and development various infrastructure in the country. It is
estimated that the demand for asphalt in Indonesian region have kept on growing
around 8% to 10% per annum in the last three years. The increase was in line
with the progress in various infrastructure developments. It is estimated that
the demand will continue growing by 8% per annum over the next five years. In
the meantime, we realize that market competition is heavy in view of large
number of other similar companies now operating Indonesia. Although the
macroeconomic challenges are expected to persist in 2014, the outlook for the
construction and infrastructure sectors are more promising. The Government has
signaled its commitment to narrowing the infrastructure gap and is seeking
private sector participation in a range of infrastructure and urban development
projects. We believe that this will create valuable opportunities for the
Company to leverage its integrated expertise and participate both as a
contracting partner and as a project owner. Upcoming projects in which they
have an investment stake include toll road development in the capital and a
major water supply and treatment project in West Java. Going forward, they will
continue to build their investment portfolio by seeking businesses and projects
that are aligned with the core expertise and growth objectives of the Jaya
Konstruksi Group.
Until
this time P.T. JTI has not been registered with Indonesian Stock Exchange, so
that they had not obliged to announce their financial statement. The management
of P.T. JTI is very reclusive towards outsiders and rejected to disclose its
financial condition. We estimated that total sales turnover of the company in
2011 amounted to Rp. 1,833.3 billion rose to Rp. 1,950.3 billion in 2012
increased to Rp. 2,339.4 billion in 201. As from January to June 2014 the sales
turnover has reached at least Rp. 1,240.0 billion with a net profit of at least
Rp. 74.4 billion. It is projected the sales turnover will be increasing by at
least 6% in 2015. The company has an estimated total networth of at least Rp.
350.0 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. JTI is led by Mr. Ir. Okky Dharmosetio, MBA (58) a
professional manager with experience in trading, supply and distribution of
asphalt, LPG gas and heavy equipments. Mr. Okky Dharmosetio has been Vice
President Director for Trading since September 2007. His other senior positions
in the Jaya Group include President Director of PT Jaya Teknik Indonesia from
2009 until 2011, Director of PT Jaya Trade Indonesia from 1996 and 2004, and
President Director of PT Jaya Trade Indonesia from 2004 until the present. He
graduated from the Bandung Institute of Technology with a degree in Civil Engineering
in 1980 and from the School of Management, Syracuse University, USA, with an
MBA in 1986.
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. JAYA TRADE INDONESIA is sufficiently
fairly good for business transaction.
List of the J A Y A
Group Members
1. ANTAR PERSADA
SEJAHTERA, P.T. (General Trading)
2. ARKONIN,
P.T. (Engineering Consultant and Investment Holding)
3. ARKONIN
ENGINEERING MENGGALA PRATAMA, P.T. (Engineering Consultant)
4. BALAI SIDANG
SENAYAN, (Convention Hall)
5. BALI NUSA
INDAH, P.T. (Real Estate)
6. BINTANG
SERPONG DAMAI, P.T. (Toll Road Development and Management)
7. BP3 SENEN
BLOK I, II & IV (Market Centre)
8. BUKIT SEMARANG
JAYAMETRO, P.T. (Real Estate Management)
9. BUMI
SERPONG DAMAI, P.T.
10. BOGASARANA TRASHINDOTAMA, P.T. (Sand and Stones Quarrying)
11. CAPITOL MUTUAL
CORPORATION, P.T. (Technical Good Distribution)
12. CITERANUSA MESINDO
CIPTALIFT, P.T. (Trading and
Distribution of Elevator
and Escalator)
13. CITRA
MARGA NUSAPALA PERSADA, P.T. (Toll Road and Bridge Management)
14. CITRAMASJAYA
TEKNIK MANDIRI, P.T. (Steel Fabrication and Metalwork)
15. CITRA TUMBUH
BAHAGIA, P.T. (Real Estate Management and Management)
16. DANKAN
PRATAMA, P.T. (General Trading and Contracting)
17. INDUSTRI TATA
UDARA, P.T. (Air Conditions Assembler)
18. IRTI,
P.T. (Recreation Centre)
19. ISMAC
(VOLVO), P.T. (Car Assembler)
20. JAYA ALUMINIUM
INDONESIA, P.T. (Building Material Industry)
21. JAYA ANCOL
CIRCUIT, P.T. (Circuit Rank)
22. JAYA ANCOL
GOLF COURSE, P.T. (Sport Centre)
23. JAYA ANCOL
HOTEL, P.T. (Hotelry)
24. JAYA
BETON INDONESIA, P.T.
(Ready Mixed Concrete
and Concrete Products Industry)
25. JAYA BOWLING
INDONESIA, P.T. (Recreation Centre)
26. JAYA
CELCON PRIMA, P.T. (Concrete and Building Block Manufacturing)
27. JAYA
DAIDO CONCRETE, P.T. (Press Dressed Concrete Product Manufacturing)
28. JAYA ELMECON
ADHIKA PRATAMA, P.T.
(Contracting)
29. JAYA FAJAR
LEASE, P.T. (Leasing)
30. JAYA FUJI
LEASING PRATAMA, P.T. (Leasing
Services)
31. JAYA GAS
INDONESIA, P.T. (Gas Liquid Industry)
32. JAYA GLUCOSE
INDONESIA, P.T. (Glucose Industry)
33. JAYA
INDUSTRI PRAKARSA UTAMA, P.T. (Ceramic Building Material Manufacturing)
34. JAYA INTERIOR
INDONESIA, P.T. (Interior & Design)
35. JAYA
KRISAN CAHAYA DEPARTMENT STORE, P.T.
(Department Store Management)
36. JAYA
KONSTRUKSI MANGGALA PRATAMA, P.T. (General
Contracting and Engineering, Investment Holding)
37. JAYA MANDARIN
AGUNG, P.T. (Hotel and Restaurant Management)
38. JAYA MULTITRADE, P.T. (Trading and Department
Store Management)
39. JAYA OHBAYASHI, P.T. (General Contracting)
40. JAYA OHBAYASHIGUMI Corp., P.T. (Contracting)
41. JAYA POLICRAFT, P.T. (Handicraft Industry)
42. JAYA POYRY
ARKONIN ENGINEERING, P.T.
(Consulting)
43. JAYA READYMIX, P.T. (Readymix Industry)
44. JAYA REALTY, P.T. (Rental Office Management)
45. JAYA REAL PROPERTY, P.T. (Real Estate Development)
46. JAYA STEEL
INDONESIA, P.T. (Steel Industry)
47. JAYA TEKNIK
INDONESIA, P.T. (Sole Agent and
Distributor of Technical
Goods, Elevator and Escalator Manufacturing, Investment Holding)
48. JAYA TRADE
INDONESIA, P.T. (Trading)
49. JUARA INTRACO, P.T. (Trading and Distributor of
Steel Products)
50. MULTI KREASI INDONESIA, P.T. (General Trading and
Contracting)
51. OSMO SEMEN
INDONESIA, P.T. (Portland Cement Manufacturing)
52. PAMETARINDO PERSADA, P.T. (Consulting)
53. PEMBANGUNAN JAYA, P.T. Bank Umum (Banking)
54. PEMBANGUNAN JAYA, P.T. (Holding, Real Estate &
General Contracting)
55. PEMBANGUNAN
JAYA ANCOL, P.T. (Integrated Recreation Services and Property Development
Management)
56. PEMBANGUNAN TIMUR
RAYA SEJAHTERA, P.T.
(Contracting)
57. PEMJAYA QUARRY
MENGGALA, P.T. (Stone Mining and Crushing)
58. PETRO JAYA
BORAL PLASTERBOARD, P.T.
(Plasterboard Industry)
59. PETRO RAMA
JASA, P.T. (Consulting)
60. PHILINDO,
P.T. (Recreation and Sport Centre)
61. POLA DWIPA
NUSANTARA, P.T. (Consulting)
62. PURA
KENCANA, P.T. (Trading and Distribution
of Elevator, Escalator and Moving Sidewalk)
63. RITZ INDONESIA
MANGGALA PRATAMA, P.T. (Contracting)
64. REKA CIPTA, P.T. (Consulting)
65. SALATINDO GRAHA
KREASI, P.T. (Real Estate Development)
66. SARANA DWIPA
NUSANTARA, P.T. (Contracting)
67. SATRIA
GEMA SEJAHTERA SEJATI, P.T. (Elevator and Escalator Manufacturing)
68. SEABREEZ INDONESIA, P.T. (Recreation)
69. SECMA
IKA ENERGI, P.T. (Dry - cell Batteries Manufacturing)
70. SPININDO
MITRADAYA, P.T. (Industrial Estate Development
& Management, Investment Holding)
71. SULUT SEJAHTERA, P.T. (Real Estate Development)
72. TAMAN RIA
REMAJA, (Recreation Centre)
73. TIMURAMA,
P.T. (Real Estate Development)
74. TRI DHARMA
KARYA, P.T. (Trading)
75. VORSPANN SYSTEM
LOSINGER INDONESIA, P.T.
(Prestressed Concrete Construction, Slipforming Canallining Precast
Concrete Construction Services)
76. WISMA JAYA
ARTEK, P.T. (Rental Office Management)
77. YAYASAN MARGA JAYA (Social Fund)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.24 |
|
|
1 |
Rs.98.68 |
|
Euro |
1 |
Rs.77.60 |
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.