|
Report No. : |
314908 |
|
Report Date : |
13.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
P.T. TRIJAYA SUKSES MAKMUR |
|
|
|
|
Registered Office : |
Based on your order, 27C Tran
Hung Dao Road, Chi Lang Ward, Lang Sonn City, Lang Son Province |
|
|
|
|
Country : |
Indonesia
|
|
|
|
|
Date of Incorporation : |
16.11.2009 |
|
|
|
|
Com. Reg. No.: |
AHU-AH.01.10-19414 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Food Seasonings Industry (Inactive) |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Business Inactive |
|
Payment Behaviour : |
-- |
|
Litigation : |
-- |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Indonesia |
A2 |
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 |
BASIC
SEARCH
|
Name of Company :
P.T.
TRIJAYA SUKSES MAKMUR
A d d r e s s :
Head Office
Based on your order
27C Tran Hung Dao Road
Chi Lang Ward,
Lang Sonn City
Lang Son Province
Vietnam
Indonesia
Office
Ruko Semarang Indah Blok
E-2 No.8
Jl. Raya Madukoro,
Tawangmas Barat
Semarang, Central Java
Indonesia
Phone -
(62-24) not available
Fax. - (62-24) not available
Date of
Incorporation :
16 November 2009
Legal Form :
P.T. (Perseroan Terbatas) or Limited Liability Company
Company Reg. No. :
The Ministry of
Law and Human Rights
a. No. AHU-61716.AH.01.01.Tahun 2009
Dated 17 December
2009
b. No. AHU-28846.AH.01.02.Tahun 2010
Dated 07 June 2010
c. No. AHU-AH.01.10-19414
Dated 30 July 2010
Company Status :
National Private Company
Permit by the
Government Department :
The Department of
Finance
NPWP No. 02.914.767.5-503.000
Not available
CAPITAL
AND OWNERSHIP
|
Capital Structure :
Authorized Capital
- Rp. 7,500,000,000.-
Issued Capital - Rp. 7,500,000,000.-
Paid up Capital - Rp. 7,500,000,000.-
Shareholders/Owners :
a. Mr. Lumbana
Surjoputro - Rp.
7,498,000,000.- (99.97%)
Address :
Jl. Puri Anjasmoro Blok J-3/25
Semarang, Central Java
Indonesia
b. Mr. Alexander
Surjo Putro - Rp. 2,000,000.- ( 0.03%)
Address : Jl. Puri Anjasmoro Blok J-3/25
Semarang, Central Java
Indonesia
BUSINESS
ACTIVITIES
|
Lines of Business
:
Food Seasonings Industry (inactive)
Production Capacity :
None
Total Investment :
None
Started Operation :
2010 but, the
company has been inactive since early 2014
Technical Assistance :
None
Number of Employee :
None
Marketing Area :
No Comment
Market Situation :
Very Competitive
Business Trend :
No Comment
BANKER,
AUDITOR & LITIGATION
|
B a n k e r s :
No Comment
Auditor :
No Comment
Litigation :
No litigation record in our database
FINANCIAL
FIGURE
|
Total Net Sales/Revenue :
No Comment
Net Profit (Loss)
:
No Comment
Payment Manner :
No Comment
Financial Comments :
No Comment
KEY
EXECUTIVES
|
Board
of Management :
Director - Mr. Lumbana Surjoputra
Board
of Commissioners :
Commissioner - Mr. Alexander
Surjo Putra
Signatories :
Director
(Mr. Lumbana Surjoputra) which must be approved by Board of Commissioners (Mr.
Alexander Surjo Putra)
CAPABILITIES
|
Management Capability :
Weak
Business Morality :
Doubted
OVERALL
PERFORMANCE
|
P.T. TRIJAYA SUKSES MAKMUR (P.T. TSM) was established in
Semarang on November 6, 2009 with an authorized capital of Rp. 1,000,000,000.-
issued capital of Rp. 250,000,000.- entirely paid up. The founding shareholders
of the Company are Mr. Lumbana Surjoputra (99.2%) and Mr. Muk Po (0.8%), both
are Indonesian businessmen of Chinese extraction. The Articles of Association
has been approved by the Minister of Law and Human Rights through Decision
Letter No. 61716.AH.01.01.Tahun 2009 dated December 17, 2009.
The Company’s article of association has been amended for
several times. Most recently by notarial deed of Roekiyanto, SH., No. 31 dated
July 21, 2010 the authorized capital was raised again to Rp. 7,500,000,000.-
entirely was issued and fully paid up.
Concurrently, the shareholders of the Company are Mr. Lumbana Surjoputra
(99.97%) and his son Mr. Alexander Surjo Putra (0.03%). The amendment to notarial Deed has been approved by the Minister of Law and
Human Rights of the Republic of Indonesia through Decree No. AHU-AH.01.10-19414
dated July 30, 2010. Since then, no changes have been effected in term of its
shareholding composition and capital structures to date.
Pursuant to the company’s notary deed, P.T. TSM engaged
to operate in trading, transportation, industry, agribusiness and
services. The Company’s registered
office located at Ruko Semarang Indah Blok E-2 No. 8, Jl. Raya Madukoro,
Tawangmas Barat, Semarang, Central Java, Indonesia and the company can open
branch offices or representative offices at home and abroad. P.T. TSM has no branches or representative
offices in 27C Tran Hung Dao Road, Chi Lang Ward, Lang Son City, Vietnam.
According to the results of our investigation we noticed that previously P.T. TSM was engaged in food seasoning industry and the company had been operation since
2010. However since
mid-2013 the company’s activity has been shifted to engage in trading, import,
and distribution of agriculture products like garlic, dry chili, shallot, onion
are imported from China and India. Mr. Dedi, the
former an administrative staff of the company explained that P.T. TSM has not been in
operation since early 2014 (lockout) and all of its employees have also been dismissed. He
also did not know why the company was shutdown. However it is likely that operations
did not go smoothly and continuously suffered losses. According
to Mr. Dedi, that building
office hired by P.T. TSM has been occupied by another company.
Furthermore we have checked to the Ministry of Law and Human Rights (MLHR) to ensure that whether the P.T. TSM has been liquidated. But our source at MLHR said that until now there is no notice from the shareholders of P.T. TSM concerning the shutdown of the company. According to our source in MLHR, that in Indonesia there are many companies that not actively operate or shut down, but never reported their case to MLHR. This is generally done by these companies, to avoid payment of taxes and duties.
We have a strong
suspicion that P.T. TSM has been abandoned by
its shareholders. Company's financial strength was only Rp. 7,500
million which was paid capital as contained in its notary deed. But we strongly suspect that the capital had been
spent and the currently PT TSM does not have any assets.
In
its last notary deed, P.T. TSM was chaired by
Mr. Lumbana Surjoputra (54) as director
and assisted by his son Mr. Alexander Suryo Putro (26) as commissioner. Their reputation in trading and distribution of
agriculture products is also not prominent.
In addition they were also not who bona fide or credible
businessmen. We strongly suspect that
the company has not had any business activity since one year ago.
We therefore recommend to be very careful when doing business partnership with this company. We recommend to cancel the business transaction plan that was prepared for this company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.36 |
|
|
1 |
Rs.91.60 |
|
Euro |
1 |
Rs.66.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.