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Report Date : |
29.10.2014 |
IDENTIFICATION DETAILS
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Name : |
P.T. BERKAT BARAT |
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Registered Office : |
Menara Kadin 30th
Floor Jalan H.R. Rasuna Said Block X-5 Kav. 2-3 |
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Country : |
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Date of Incorporation : |
12.04.2013 |
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Com. Reg. No.: |
AHU-26048.AH.01.01.TH.2013 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading and Exporter of
Agriculture Commodities Products |
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No. of Employees : |
21 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Indonesia |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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. BERKAT
BARAT BORNEO
Head Office
Menara Kadin 30th
Floor
Jalan H.R. Rasuna
Said Block X-5 Kav. 2-3
Jakarta Selatan,
12950
Indonesia
Phones -
(62-21) 5289 1849 (Hunting)
Fax - (62-21) 5299 4599
E-mail - bella@babybeanglobal.com
Website - http://www.babybeanglobal.com
Building Area - 37 storey
Office Space - 80 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation :
12 April 2013
Legal Form :
P.T. (Perseroan
Terbatas) or Limited Liability Company
Company Reg.
No. :
The Ministry of Law and Human Rights
No.
AHU-26048.AH.01.01.TH.2013
Dated 15 May 2013
Company Status
:
National Private Company
Permit by the
Government Department :
The Department of Finance
Not Available
Related
Company :
None
Capital
Structure :
Authorized
Capital : Rp.
2,000,000,000.-
Issued Capital : Rp. 550,000,000.-
Paid up Capital : Rp. 550,000,000.-
Shareholders/Owners
:
a. Mrs. Benedikta Vitalia - Rp.
275,000,000.-
Address :
Jl. Wijaya Timur Dlam RT. 004 RW. 002
Kelurahan
Petogogan, Kecamatan
Kebayoran Baru,
Jakarta Selatan
Indonesia
b. Mrs. Fransisca Artha Saulina - Rp.
275,000,000.-
Address : Pura Bojonggede Block
D4 No. 10
Kelurahan
Bojong Baru, Kecamatan Bojong
Gede, Bogor,
West Java
Indonesia
Lines of Business :
Trading and Exporter of Agriculture
Commodities Products
Production Capacity :
None
Total Investment :
None
Started Operation :
July 2013
Brand Name :
Baby Bean Global
Technical Assistance :
None
Number of Employee :
21 persons
Marketing Area :
Export -
100%
Main Customer :
Buyers in Asian countries, Europe
Union and the USA
Market Situation :
Very Competitive
Main
Competitors :
a. P.T. ASIA
AGROMAS ABADI
b. C.V. BIOLA
JAYA
c. P.T.GLOBAL
VISION IMPEX
d. P.T. KAPAL API
GLOBAL
e. P.T.
SARIMAKMUR TUNGGALMANDIRI
Business Trend
:
Growing
B a n k e r :
P.T. Bank CENTRAL
ASIA Tbk
Jalan H.R. Rasuna
Said Kav. X-6 No. 8
Jakarta Selatan
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
Annual Sales
(estimated) :
2013 – Rp. 5.0
billion (July – December)
2014 – Rp. 6.0
billion (January – June)
Net Profit
(estimated) :
2013 – None
2014 – Rp. 360
million (January – June)
Payment Manner
:
Average
Financial
Comments :
Satisfactory
Board of Management :
Director - Mrs. Benedikta Vitalia
Purchasing Manager -
Mrs. Bella Yohannes
Marketing Manager -
Mr. A. Vijayan
Board of Commissioners :
Commissioner -
Mrs. Fransisca Artha Saulina
Signatories :
Director (Mrs. Benedikta
Vitalia) 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
Proposed
Credit Limit :
Small amount –
periodical review
Based on investigation the correct name of the Subject is P.T. BERKAT
BARAT BORNEO not Babybe Global as stated in your order ref. no. 290670 dated 15
October 2014.
P.T. BERKAT BARAT BORNEO (P.T. BBB) was established in Jakarta based on
notary deed Mrs. Arnasya A. Pattinama, SH., no. 8 dated 12 April 2013 with an
authorized capital of Rp. 2,000,000,000 issued capital of Rp. 550,000,000
entirely paid up. The founding and shareholders of the company are Mrs.
Benedikta Vitalia (50%) and Mrs. Fransisca Artha Saulina (50%), both are
indigenous businessmen. The notary deed of incorporation was approved by the
Ministry of Law and Human Rights in its decision letter No.
AHU-26048.AH.01.01.TH.2013 dated May 15, 2013.
P.T. BBB or known with trading style Baby Bean Global started to be
operating since July 2013 dealing with trading and exporter of agriculture
commodities products. The merchandise goods products are coffee bean (Robusta
and Arabica); spices (mace, cloves, cinnamon, cardamom, pepper); desiccated
coconut; coconut sugar; basmati rice; shrimp and palm oil. Baby Bean Global Exporters (P.T.
Berkat Barat Borneo) bring the exquisite aroma & taste of
the renowned
Indonesian and Vietnamese Coffee, Indonesian and Indian Spices & other agro
products to the global market. The company selected the finest
quality products from Indonesia, India, Vietnam and export it to buyers from
all corners of the globe. P.T. BBB only select the premium quality coffee beans
from the finest yards in the heartlands of such Indonesian coffee paradises
like Takengon, Lintong, Mandailing Robusta Lampung, and painstakingly process
them to produce the rich and invigorating punch of supreme coffee.
They use the strictest of quality control and professional processing
techniques for ensuring that no compromise is made to the overall aroma, taste
and superiority of each coffee bean that is exported. The smart packing
techniques, which keep the produce in a hermetically sealed package while
exporting ensures that each order of the coffee bean is delivered, farm fresh.
Mrs. Bella Yohannes, purchasing manager of the company explained the whole
agriculture commodities products obtained from North Sumatera, Aceh, Lampung,
Sulawesi, and other countries. Later the whole products exported to Asian
countries, Europe, USA and others. P.T. BBB has been growing and running
smoothly in the last one year.
Indonesia as the country's third largest coffee producer in the
world after Brazil
and Vietnam, with production in 2013 amounted
to 692 thousand tons,
or about 8% of world coffee production. Indonesia also has various types
of specialty coffee in the world known
as Gayo Coffee, Coffee Mandailaing, Lampung Coffee,
Java Coffee, Kintamani Coffee,
Toraja Coffee, Coffee Bajawa,
Wamena Coffee and Coffee Luwak
also with flavor
and aroma appropriate geographical indications that are the hallmark Indonesia. But the development of this industry in the country still have the prospect
of coffee consumption good.This is considering the average Indonesian society
has reached 1.2 kg
per capita / year
is far below the state
- coffee importing
countries like USA 4.3 kg, 3.4 kg Japan, Austria
7.6 kg, 8.0 kg Belgium, Norway and Finland 10.6
kg 11.4 kg
per capita / year.
"The development of the national coffee industry still needs to be improved given the current only able to absorb about 40% of coffee bean production in the country and the remaining approximately 60% is exported as raw material. Growth in consumption of processed coffee products in the country increased an average of 7.5 % per year exports of processed coffee products in 2013 reached US $ 243.87 million, down 24.41% from 2012 to reach $ 322.62 million US dominated exports of processed coffee products instant Coffee products, extracts, essences and concentrates of coffee spread to the destination countries such as the Philippines, Malaysia, Singapore, the PRC, and the United Arab Emirates. As information processing of the coffee industry in the country is growing these days, so they also complained about the lack of domestic supply of raw materials for the industry. This situation led to the other side of Indonesia's coffee imports also rose significantly, namely 54.86% from 2009 to 2013, where in 2009 the value of coffee imports stood at 18,441 million USD and in 2013 jumped to 117.195 million Euro (BPS).
The products produced by the coffee
industry is basically a form of
ground coffee and instant coffee. Of these two species produced coffee products such as
coffee three in one and other. While in the Cafe (Coffee Shop) product is essentially the original form of coffee and
espresso coffee. Powdered coffee production is currently estimated to
have reached 150,000 tons, while for the instant coffee and the decline
has reached 20,000 tons. Data BPS (Central Bureau of Statistics)
noted that the volume of exports of
soluble coffee on average in the last 5 years to
reach approximately 15,000
tons per year, while ground
coffee exports reached
3,000 tons per year.
Until this time P.T. BBB has not been registered with Indonesian Stock
Exchange, so that they had not obliged to announce their financial statement.
The management of P.T. BBB is very reclusive towards outsiders and rejected to
disclose its financial condition. We observed that total sales turnover of the
company in the first year operation July to December 2013 amounted to Rp. 5.0
billion. As from January to June 2014 the sales turnover has reached at least
Rp. 6.0 billion with a net profit of at least Rp. 360 million. Its projected
the sales will rising 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 P.T. BBB is led by Mrs. Benedikta Vitalia (34) a businesswoman
and professional manager with experience in trading and exporter of agriculture
commodities products. 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. BERKAT BARAT
BORNEO is sufficiently fairly good for business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.25 |
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|
1 |
Rs.98.93 |
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Euro |
1 |
Rs.77.92 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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.