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Report Date : |
13.09.2014 |
IDENTIFICATION DETAILS
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Name : |
P.T. INTI BUMI ALAM
LESTARI |
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Registered Office : |
Komplek Medan Mega
Trade Center Block D No. 91, Jalan Williem Iskandar (Pancing), Kelurahan
Medan Estate, Kecamatan Percut Sei Tuan, Deli Serang Regency, Medan, 20122, North
Sumatra |
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Country : |
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Date of Incorporation : |
07.07.2008 |
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Com. Reg. No.: |
AHU-AH.01.10-38596 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading,
Import and Distribution of Agriculture Commodities Products |
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No of Employees : |
11 Persons |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Indonesia |
B1 |
A2 |
|
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, 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. INTI BUMI ALAM LESTARI
Registered
Office
Komplek Medan Mega Trade Center Block D No. 91
Jalan Williem Iskandar (Pancing)
Kelurahan Medan Estate, Kecamatan Percut Sei Tuan
Deli Serang Regency
Medan,
20122
North
Sumatra
Indonesia
Phones - (62-61) Not Enrolled
Fax - (62-61) Not Enrolled
Building Area - 2 storey
Office Space - 110 sq. meters
Region - Commercial
Status - Rent
7
July 2008
P.T.
(Perseroan Terbatas) or Limited Liability Company
The Ministry of Law and Human Rights
-
No. AHU-67503.AH.01.01.TH.2008
Dated 22 September 2008
-
No. AHU-AH.01.10-38596
Dated 13 September 2013
National
Private Company
The Department of Finance
NPWP
No. 02.848.773.4-125.000
None
Capital
Structure :
Authorized
Capital : Rp.
1,000,000,000.-
Issued
Capital :
Rp. 250,000,000.-
Paid
up Capital :
Rp. 250,000,000.-
Shareholders/Owners
:
a. Mr. Arif Mulyadi Oetman -
Rp. 100,000,000.-
Address : Jl. Kapten Pattimura No. 143
Kelurahan Darat, Kecamatan Medan Baru
North Sumatra
Indonesia
b. Mr. Soedharma -
Rp. 75,000,000.-
Address : Jl. K.L. Yos Sudarso (Sari Mas) No.
1-FF
Kelurahan Silalas, Kecamatan Medan Barat
Medan, North Sumatra
Indonesia
c. Mr. Ruslan Dani Siregar, SE -
Rp. 75,000,000.-
Address : Jl. Sisingamangaraja GG. Indrajit No.
14
Kelurahan Teladan Barat, Kecamatan Medan
Kota, Medan, North Sumatra
Indonesia
Lines
of Business :
Trading,
Import and Distribution of Agriculture Commodities Products
Production
Capacity :
None
Total
Investment :
None
Started
Operation :
2009
Brand
Name :
Inti
Bumi Alam Lestari
Technical
Assistance :
None
Number
of Employee :
11
persons
Marketing
Area :
Local - 100%
Main
Customer :
Traditional
Market
Market
Situation :
Very
Competitive
Main
Competitors :
a.
P.T. LANNGENG PUTRA MANDIRI
b. P.T. LIKA DAYATAMA
c. C.V. MEKAR JAYA
d. P.T. RIDHO SRIBUMI SEJAHTERA
Business
Trend :
No
Comment
Banker
:
P.T.
Bank CENTRAL ASIA Tbk
Jalan
Williem Iskandar (Pancing)
Medan,
North Sumatera
Indonesia
Auditor
:
Internal
Auditor
Litigation
:
No
litigation record in our database
Annual
Sales (estimated) :
None
Net
Profit (estimated) :
None
Payment
Manner :
Average
Financial
Comments :
Satisfactory
Board of Management :
President Director - Mr. Soedharma
Director -
Mr. Ruslan Dani Siregar, SE
Board of Commissioners :
Commissioner - Mr. Arif Mulyadi Oetman
Signatories :
President
Director (Mr. Soedharma) or the Director (Mr. Ruslan Dani Siregar, SE) which
must be approved by Board of Commissioner
Management Capability :
Satisfactory
Business Morality :
Satisfactory
Credit Risk :
High
P.T. INTI BUMI ALAM LESTARI (P.T. IBAL) was established
in Medan, North Sumatra based on notary deed of Mr. San Smith, SH., No. 26
dated 7 July 2008 with the authorized capital of Rp. 1,000,000,000 issued
capital of Rp. 250,000,000 fully and paid up. The founding and shareholders of
the company are Mr. Arif Mulyadi Oetman (40%), Mr. Soedharma (20%), Mr. Budy
Bunyamin (20%) the three all Indonesian businessmen of Chinese descent and Mr.
Ruslan Dani Siregar, SE (20%) an indigenous businessman. The company notary
deed had been changed and according to the revision of notary deed Mr. San
Smith, SH., 16 dated 15 August 2013 Mr. Budy Bunyamin pulled out and the whole share
sold to Mr. Soedharma and Mr. Ruslan Dani Siregar, SE. With this time the
composition of its shareholders has been changed to become Mr. Arif Mulyadi
Oetman (40%), Mr. Soedharma (30%) and Mr. Ruslan Dani Siregar, SE (30%). The
deed of amendments was approved by the Ministry of Law and Human Rights in its
decision letter No. AHU-AH.01.10-38596 dated September 13, 2013.
According to the notary deed, P.T. IBAL registered its
office located at Medan Mega Trade Center Block D No. 91, Jalan Williem Iskandar
(Pancing), Medan, North Sumatera. However after clarification through Telkom
Information Medan, P.T. IBAL has yet been registered in the Telkom Medan Book
Directory.
According information from Department of Industry &
Trade, P.T. IBAL office registered on the above address, but there is no phone
available. According information P.T. IBAL is a private company started to be
operating in 2010 dealing with trading, export import of agriculture
commodities products. According information from Department of Industry and
Trade, explained P.T. IBAL engaged in trading, export import services by
imported of various agriculture commodities. The company has reached a license
from Department of Trade import quota of 1,862 tons of garlic from India. The
company explained that the company sells and distributed of agricultural
products such as garlic, black pepper, groundnut, red onion, green bean, dates,
soy bean and legume. P.T. IBAL imported of garlic, red onion imported from
India and China; black pepper from India; dates from Egypt; groundnut from
India and Vietnam and legume from China and also soy bean from Vietnam. Then,
the whole product like garlic, ground nut, black pepper, dates, soy bean
marketed locally through traditional market in North Sumatra and surroundings.
However according information from Business Competition
Supervisory Commission (KPPU) declared 19 companies indicated to garlic trade
cartel period November 2012 – February 2013 that triggered the commodity prices
soared. Practice cartel conducted
19 companies that violate Article 11, Article 19C and Article 24 of Law no. 5
Year 1999 concerning Prohibition of Monopolistic Practices and Unfair Business
Competition," said the Commission's Commissioner Sukarmi, after chairing a
preliminary hearing related to the importation of garlic.
According to Mrs.
Sukarmi, in the examination of 19 companies as garlic importers reported
involved in unfair business competition and practice cartel, are P.T. INTI BUMI
ALAM LESTARI, C.V. MAHKOTA BARU, C.V. BINTANG, C.V. Karya Pratama, C.V. Mekar
Jaya, P.T. Dakai Impex, P.T. Dwi Tunggal Buana, P.T. Global Sarana Perkasa,
P.T. Lika Dayatama, P.T. Mulya Agung Dirgantara, P.T. Sumber Alam Jaya Perkasa.
After the KPPU reports P.T. IBAL very closed to the outside to provide
information on the activities of the company.
We have noticed that the demand for agricultural products
had increased some 10% to 11% per annum in the last five years in line with the
growth of industrial manufacturing in the country and international market. In
the coming years, the growth rate of demand is estimated at about 6% to 7% per
annum. The present market situation for agricultural products is very
competitive for a large number of similar companies operating in the country.
Meanwhile, competition is quite heavy in the export import of agricultural
products with many companies now doing business in this field in Indonesia. We
consider P.T. IBAL to be in a quite favorable position for having already got
hold of a steady clientele in North Sumatra.
In view of having yet to be unknown the complete address,
the company’s financial condition is as much as the company’s issued capital
worth Rp. 250,000,000. We find that the company’s financial condition still
depends on the financial condition of its shareholders being supported by the
businessmen behind it.
The management of P.T. IBAL is led by Mr. Soedharma (51)
a businessman with experience in trading, export import and distribution of
agriculture commodities products. Daily activity he is assisted by Mr. Ruslan
Dani Siregar, SE (43) as Director. 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. However, in view of the
negative factor surrounded P.T. INTI BUMI ALAM LESTARI we recommend to treat
prudently in extending a loan to the company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.84 |
|
UK Pound |
1 |
Rs.98.73 |
|
Euro |
1 |
Rs.78.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
|
<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.