|
Report Date : |
24.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
P.T. SUMBER ROSO
AGROMAKMUR |
|
|
|
|
Registered Office : |
Wisma SMR Ground Floor Jalan Yo Sudarso Kav. 89 Jakarta Utara,
14350 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
16.07.2007 |
|
|
|
|
Com. Reg. No.: |
No. AHU-AH.01.10-06932 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Trading, Import and Distribution of Agriculture Commodities Products |
|
|
|
|
No. of Employees |
15 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 |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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 |
Name of Company :
P.T. SUMBER ROSO AGROMAKMUR
Address :
Registered Office
Wisma SMR Ground Floor
Jalan Yo Sudarso Kav. 89
Jakarta Utara, 14350
Indonesia
Phones -
(62-21) 6503888
Fax - (62-21) 6503887
E-mail - sb-roso@rad.net.id
Building Area - 16 storey
Office Space - 40 sq. meters
Region - Commercial
Status - Rent
Operational Office
Jalan Raya Bekasi Timur No. 146-148
Jakarta Timur, 13410
Indonesia
Phones -
(62-21) 8191908 (Hunting)
Fax -
(62-21) 8199386
Mobile Phone - 0811 868797 (Mr.
Haryanto Tjahyadikarta)
Building Area - 2 storey
Office Space - 180 sq. meters
Region - Commercial
Status - Rent
Date of
Incorporation :
16 July 2007
Legal Form :
P.T. (Perseroan Terbatas) or Limited Liability Company
Company Reg. No. :
The Ministry of
Law and Human Rights
- No.
AHU-36283.AH.01.01.TH.2009
Dated 30 July 2009
- No. AHU-AH.01.10-06932
Dated 27 February 2013
Company Status :
National Private Company
Permit by the Government Department :
The Department of
Finance
NPWP No. 02.957.694.9-048.000
Related Companies :
a. P.T. GOLD MARTINDO
(Trading and Retails of Gold and Jewelry)
b. C.V. SUMBER ROSO
(Trading, Import and Distribution of Agriculture Commodities Products)
Capital Structure :
Authorized Capital : Rp.
20,000,000,000.-
Issued Capital : Rp. 7,000,000,000.-
Paid up Capital : Rp. 7,000,000,000.-
Shareholders/Owners :
a. Mrs. Herawati Halim -
Rp. 6,500,000,000.-
Address : Jl. Raya
Bekasi Timur No. 148, RT. 013
RW. 009, Kelurahan Cipoinang Besar, Keca
matan Jatinegara, Jakarta
Timur
Indonesia
b. Mrs. Yurika Tjahyadikarta - Rp. 500,000,000.-
Address : Apartment Bukit Golf Unit 706 B, RT. 005
RW. 015, Kelurahan Pondok Pinang, Keca
matan Kebayoran Lama,
Jakarta Selatan
Indonesia
Lines of Business :
Trading, Import and Distribution of Agriculture Commodities Products
Production Capacity :
None
Total Investment :
None
Started Operation :
August 2007
Brand Name :
Sumber Roso Agromakmur
Technical Assistance :
None
Number of Employee :
15 persons
Marketing Area :
Local - 100%
Main Customer :
Traditional Markets
Market Situation :
Very Competitive
Main Competitors :
a. P.T. ASIA AGROMAS ABADI
b. ANUGRAH PANGAN
c. C.V. BUMI DJAJA
d. UD. JAYA ABADI
e. Etc
Business Trend :
Growing
Bankers :
a. P.T. Bank MANDIRI Tbk
Jalan
Jend. Gatot Subroto Kav. 36-38
Jakarta Selatan
Indonesia
b. P.T. Bank PAN INDONESIA
Tbk
Jalan H.R. Rasuna Said No. 1
Jakarta
Selatan
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
Annual Sales (estimated) :
2011 – Rp. 14.3 billion
2012 – Rp. 15.4 billion
2013 – Rp. 16.2 billion
Net Profit (estimated) :
2011 – Rp. 1.1 billion
2012 – Rp. 1.2 billion
2013 – Rp. 1.3 billion
Payment Manner :
Average
Financial Comments :
Satisfactory
Board of Management :
President Director - Mrs. Melyana Tjahyadikarta
Vice President Director - Mrs. Nila Puspa Sidarta
Director - Mr. Haryanto Tjahyadikarta
Board of Commissioners :
President Commissioner - Mrs. Herawati Halim
Commissioner - Mr. Drs, Mansur Jatim
Signatories :
President Director (Mrs. Melyana
Tjahyadikarta) or Vice President Director (Mrs. Nila Puspa Sidarta) or the
Director (Mr. Mr. Haryanto Tjahyadikarta) which must be approved by Board of
Commissioner
Management Capability :
Good
Business Morality :
Good
Credit Risk :
Average
Credit Recommendation :
Credit should be proceeded with monitor
Proposed Credit Limit :
Small amount – periodical review
P.T. SUMBER SORO AGROMAKMUR (P.T. SRA) was incorporated in Jakarta based
on notary deed of Mrs. Pudji Irawati, SH., No. 16 dated 16 July 2007 with the
authorized capital of Rp. 20,000,000,000 issued capital of Rp. 5,000,000,000
entirely paid up. The company was founded by Mrs. Herawati Halim (90%) and Mrs.
Yurika Tjahyadikarta (10%), both are Indonesian businesswoman of Chinese
origins. The company notary deed was approved by the Ministry of Law and Human
Rights in its decision letter No. AHU-36283.AH.01.01.TH.2009 dated July 30,
2009. The company notary deed has been changed and according to the latest
revision of notary documents of Mrs. Irma Devita Purnamasari, SH., M.Kn., No.
97 dated 11 February 2013 the company issued capital was increased to Rp.
7,000,000,000 entirely paid up. With this development the composition of its shareholders
has been changed to become Mrs. Herawati Halim (92.86%) and Mrs. Yurika
Tjahyadikarta (7.14%). The deed of amendments was approved by the Ministry of
Law and Human Rights in its decision letter No. AHU-AH.01.10-06932 dated
February 11, 2013.
We observe that Mrs. Herawati Halim and Mrs. Yurika Tjahyadikarta both
are business takes owners of P.T. GOLD MARTINDO engaged in trading and retails
of gold and jewelry and C.V. SUMBER ROSO a private national company in trading,
import and distribution of agriculture commodities products.
P.T. SRA had been operating since August 2007’s in trading, importer and
distribution of agricultural commodities products. Mr. Henry, Manager Import of
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. He also added the merchandising goods product like 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. Mr. Henry went to say the company has never exported agricultural
commodities products overseas. He also added at present, they import of
agricultural commodities products from India, Vietnam, Egypt and China. Then,
the whole product like garlic, ground nut, black pepper, dates, soy bean
marketed locally through traditional market in Jakarta, West Java and
surroundings. We observed that P.T. SRA has been growing 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 P.T.
SRA to be in a quite favorable position for having already got hold of a steady
clientele in Jakarta and West Java.
Until this time P.T. SRA has not been registered with Indonesian Stock
Exchange, so that they had not obliged to announce their financial statement.
The management of P.T. SRA 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. 14.3 billion rose to Rp. 15.4 billion in 2012
increased to Rp. 16.2 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. 1.3 billion and the company has an estimated total networth of at least Rp.
7.0 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. SRA is led by Mrs. Melyana Tjahyadikarta (53) a
businessman and professional manager with experience in trading, import and
distribution 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. SUMBER ROSO AGROMAKMUR is sufficiently fairly good for
business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.87 |
|
UK Pound |
1 |
Rs.99.63 |
|
Euro |
1 |
Rs.78.23 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.