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Report Date : |
15.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
C.V. ALKA |
|
|
|
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Registered Office : |
Jalan Faqih Guruh Jalaluddin No. 288, RT. 014 RW. 005,
Kelurahan 19 Ilir, Kecamatan Bukit |
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Country : |
|
|
|
|
|
Date of Incorporation : |
1992 |
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|
|
|
Legal Form : |
Partnership with Sleeping Partners |
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|
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Line of Business : |
Trading, Export Import of and Distribution of Green Bean and Spices |
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|
|
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No of Employees : |
6 Persons |
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 |
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|
|
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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 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 - 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 |
C.V. ALKA INDONESIA
Head Office
Jalan Faqih Guruh
Jalaluddin No. 288, RT. 014 RW. 005
Kelurahan 19
Ilir, Kecamatan Bukit Kecil
Palembang, 30125
South Sumatera
Indonesia
Phone -
(62-711) 511935
Mobile Phone - 0812 786 78836
Fax - (62-711) 512836
E-mail - amir_gsi@yahoo.com
Building Area - 2 storey
Office Space - 120 sq. meters
Region - Commercial
Status - Rent
1992
C.V.
(Commanditaire Vennootschap ) or Partnership with Sleeping Partners
Not Required
National Private
Company
The Department of Finance
Not Available
C.V. GANDA SUKSES
INDONESIA (Trading and Distribution of Spices)
Capital
Structure :
Owned Capital : Rp. 300
million
Shareholders/Owners
:
a. Mr. Muhammad Agunjani (Active Partner)
b. Mr. Iqbal Hasan (Silent Partner)
Lines of Business :
Trading, Export Import of and
Distribution of Green Bean and Spices
Production Capacity :
None
Total Investment :
None
Started Operation :
1992
Brand Name :
Alka Indonesia
Technical Assistance :
None
Number of Employee :
6 persons
Marketing Area :
Local - 100%
Main Customer :
Traditional markets
Market Situation :
Very Competitive
Main Competitors :
a. P.T. KARYA BARU INDONESIA
b. C.V. INDOSPICE
c. C.V. RAVIN AGRONESIA
d. C.V. SUMBER REJEKI
Business Trend :
Growing
Banker :
P.T. Bank SUMSEL
BABEL
Jalan Gubernur H.
Ahmad Bastari No. 07
Kelurahan
Silaberanti, Kecamatan Seberang Ulu I
Jakabaring Palembang
South Sumatera
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation
record in our database
Annual Sales
(estimated) :
2011 – Rp. 4.8
billion
2012 – Rp. 5.5
billion
2013 – Rp. 6.4
billion
Net Profit
(estimated) :
2011 – Rp. 288
million
2012 – Rp. 341
million
2013 – Rp. 403
million
Payment Manner
:
Average
Financial
Comments :
Satisfactory
Board of Management :
Director - Mr. Muhamad Agunjani
Manager -
Mr. Amir Maskun
Board of Commissioners :
Commissioner -
Mr. Iqbal Hasan
Signatories :
Director (Mr. Muhammad
Agunjani) 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. ALKA INDONESIA (C.V. AI) was set-up in Palembang, South Sumatera in
1992 with the legal status of C.V. (Commanditaire Vennootschap) of partnership
with sleeping partner. The company was founded by Mr. Muhamad Agunjani as
active partner and Mr. Iqbal Hasan as silent partner. As in common in cases of
companies with C.V., status, there is no mention in the company’s notarial act
of its capital structure. But going by the company’s conditions, we estimate
its capital at some Rp. 300 million.
C.V. AI is a private company started to be operating since 1992 dealing
with trading, export import and distribution of agricultural commodities
products. In its operation the company imports of garlic, green bean (mung
bean), and peanuts from India, China, Vietnam and others. However since 2008,
the company imported of spices such as sesame oil, chili powder from India;
green beans from Tanzania and Ethiopia. Mr. Amir Maskun, manager of the company
explained the whole products supplied and marketed in the country through
traditional markets in South Sumatera and surroundings. We observe that C.V. AI
is classified a small sized company of its kinds with operation has been
growing slowly in the last three years.
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 C.V.
AI to be in a quite favorable position for having already got hold of a steady
clientele in South Sumatera.
Until this time C.V. AI 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 estimated that total sales turnover of
the company in 2011 amounted to Rp. 4.8 billion rose to Rp. 5.5 billion in 2012
increased to Rp. 6.4 billion in 2013 and projected to go on rising by at least
6% in 2014. The operation in 2013 yielded an estimated net profit of at least
Rp. 403 million. 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. AI is led by Mr. Muhamad Agunjani (50) a
businessman with experience in trading, export import and distribution of green
bean and spices. 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. ALKA INDONESIA is
sufficiently fairly good for business transaction.
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
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.