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Report No. : |
316936 |
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Report Date : |
17.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
P.T. PCM MANDIRI |
|
|
|
|
Registered Office : |
Jalan Agung Karya IV Block B No. 18, Sunter
Agung, Tanjung Priok, Jakarta Utara, 14350 |
|
|
|
|
Country : |
Indonesia |
|
|
|
|
Date of Incorporation : |
08.03.2002 |
|
|
|
|
Com. Reg. No.: |
AHU-31361.AH.01.02.TH.2010 |
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|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Trading,
Leasing and Distribution of Copying Machines. |
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|
|
|
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 : |
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 – 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. President Joko WIDODO - elected in
July 2014 - has emphasized domestic economic growth in his first few months in
office and in November 2014 reduced fuel subsidies, a move which could help the
government increase spending on its development priorities. Indonesia, with the
nine other ASEAN members, will form the ASEAN Economic Community in 2015.
|
Source
: CIA |
Name
of Company :
P.T. PCM MANDIRI
A
d d r e s s :
Head
Office
Jalan
Agung Karya IV Block B No. 18
Sunter
Agung, Tanjung Priok
Jakarta
Utara, 14350
Indonesia
Phones -
(62-21) 652 0066 (Hunting)
Fax - (62-21) 652 0660
E-mail - marketing@megaindahcargo.com
Building Area - 2 storey
Office Space - 120 sq. meters
Region - Commercial
Status - Rent
Branch
Office (Copying Machines)
Jalan
Raya Mangga Dua
Ruko
Agung Sedayu Block L/12-A
Mangga
Dua Selatan, Sawah Besar
Jakarta
Pusat, 10730
Indonesia
Phones -
(62-21) 612 1464, 612 7248, 612 465
Fax - (62-21) 612 2012
E-mail - pcm_ck@yahoo.com
Building Area - 2 storey
Office Space - 110 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation :
8
March 2002
Legal
Form :
P.T.
(Perseroan Terbatas) or Limited Liability Company
Company
Reg. No. :
The
Ministry of Law and Human Rights
- No. C-10720.HT.01.01.TH.2002
Dated 17 June 2002
- No. AHU-31361.AH.01.02.TH.2010
Dated 21 June 2010
Company
Status :
National
Private Company
Permit
by the Government Department :
The
Department of Finance
NPWP
No. 02.238.132.1-048.000
Related
Companies :
a. P.T. MEGA INDAH CARGO (Freight Forwarding Services)
b. P.T. TORA SANJAYA MANUNGGAL (Trading, Export
Import of Hardware and Technical Equipments)
Capital
Structure :
Authorized
Capital : Rp.
1,000,000,000.-
Issued
Capital :
Rp. 1,000,000,000.-
Paid
up Capital :
Rp. 1,000,000,000.-
Shareholders/Owners
:
a.
Mrs. Megawati -
Rp. 500,000,000.-
Address : Jl.
Mangga Dua Raya N/20, RT. 001 RW. 011
Kelurahan Mangga Dua Selatan, Kecamatan
Sawah Besar, Jakarta Pusat
Indonesia
b.
Mr. Chandra Budhi Raden -
Rp. 500,000,000.-
Address :
Jl. Mangga Dua Raya L/12.A, RT. 001 RW. 011
Kelurahan Mangga Dua Selatan, Kecamatan
Sawah Besar, Jakarta Pusat
Indonesia
Lines
of Business :
Trading,
Leasing and Distribution Copying Machines
Production
Capacity :
None
Total
Investment :
None
Started
Operation :
June
2002
Brand
Name :
PCM
Mandiri
Technical Assistance
:
None
Number of Employee :
15 persons
Marketing Area :
Local - 100%
Main Customer :
Corporate and photo
copy shops
Market Situation :
Very Competitive
Main Competitors :
a. P.T. ANEKA INFOKOM
TEKINDO
b. P.T. ASABA
c. P.T. NO. 1 OFFICE
MACHINERY
d. P.T. SAMAFITRO
e. Etc.
Business Trend :
Growing
B
a n k e r s :
a.
P.T. Bank CENTRAL ASIA Tbk
Jalan Mangga Dua Raya Block C-5 Kav. 1
Mangga Dua Selatan, Sawah Besar
Jakarta Pusat
b. P.T. Bank PERMATA Tbk
Jalan Mangga Dua Raya No. 4
Mangga Dua Selatan, Sawah Besar
Jakarta Pusat
Auditor
:
Internal
Auditor
Litigation
:
No
litigation record in our database
Annual
Sales (estimated) :
2012
– Rp. 7.2 billion
2013
– Rp. 8.5 billion
2014
– Rp. 9.5 billion
Net
Profit (estimated) :
2012
– Rp. 0.5 billion
2013
– Rp. 0.6 billion
2014
– Rp. 0.7 billion
Payment
Manner :
Average
Financial
Comments :
Satisfactory
Board of Management :
Director - Mrs. Megawati
Board of Commissioners :
Commissioner - Mr. Chandra Budhi Raden
Signatories :
Director
(Mrs. Megawati) which must be approved by Board of Commissioner
Management Capability :
Satisfactory
Business Morality :
Satisfactory
P.T. PCM MANDIRI (P.T. PM) was established in Jakarta
based on notary deed Mr. Raden Johanes Sarwono, SH., no. 15 dated 8 March 2002
with an authorized capital of Rp. 500,000,000 wholly issued and paid up. The founding
and shareholders of the company are Mrs. Megawati and her husband Mr. Chandra
Budhi Raden both are Indonesian business family of Chinese extraction. Its
article of association has frequently been revised and according to the latest
revision of notary deed Mr. Yan Armin, SH., no. 66 dated 18 June 2009 the
company authorized capital was increased to Rp. 1,000,000,000 entirely issued
and paid up. With this development the composition of its shareholders has been
changed o become Mrs. Megawati (50%) and Mr. Chandra Budhi Raden (50%). The
deed of amendments was approved by the Ministry of Law and Human Rights in its
decision letter No. AHU-31361.AH.01.02.TH.2010 dated June 21, 2010.
P.T. PM is a national private company dealing with
trading, supply, leasing and distribution of copying machines. Originally P.T.
PM engaged in the field of freight forwarding services among others are
ocean/sea freight, FCL or LCL import container shipping, ocean/sea freight FCL
or LCL export container shipping, air freight services and customs clearance
services. However according information from Mrs. Lusia, marketing staff of the
company explained since the end 2008 the company activity had been focused in
trading, supply, leasing, photocopier renting and repair services. The
merchandise good products are copying machine, printer, and others. In its
operation the company sells and rents of photocopier machines by using various
brands such as RICOH, CANON, AGFA, TOSHIBA, HAMADA, XEROX, and others. To
support of its operation the company also provides services in photocopier
maintenance services. Mrs. Lusia, marketing staff of the company explained the
whole merchandise goods products marketed locally to various industrial sectors
such as office building, offset printing industries, and others in Jakarta and
surroundings. We observe P.T. PM is classified a small sized company of its
kinds in the country with operation has been growing in the last three years.
The demand for copying, photocopier machines has kept on
rising in the last five years in line with the growth and developed of
industrial sectors in the country. Based on the forecast from some economists,
Indonesia’s economic growth in 2015 is still challenging. Bank Indonesia has
decided to maintain the BI Rate at 7.75% based on the evaluation of the 2015
economic outlook. This is also in line with the efforts to steer inflation
around 4% by 2015, while supporting the control of the current account deficit
to a more healthy level. The Rupiah currency is predicted to be in the average
range of Rp. 12,500 per US dollar until mid 2015. Bank Indonesia estimates that
Indonesia’s economic growth will be around 5.4 to 5.8% in 2015. The above
conditions indicate that in general, Indonesia’s economic condition is not
growing optimally and mainly focuses on maintaining economic stability.
Indonesia National Budget Plans 2015, the government has predicted the
following 2015 global economic challenges which cover; uncertain global economy
triggered by either economic downturn or economic crisis in many countries; the
risk caused by the fluctuating global commodity prices, especially the raw oil
price; commitment to support the ASEAN Economic Community (AEC); and
implementation of the global development agenda post 2015. Meanwhile, the forecasted
2015 domestic economic challenges will cover: An increase in the slowing down
of economic growth; risk in the domestic financial market; imbalanced payment
balance sheet; and reduced social gap. This condition potentially impacts both
the industry and the market in which P.T. PM is engaged. It is estimated that
industrial growth equal to or less compared to the previous
year.
Until this time P.T. PM has not been registered with
Indonesian Stock Exchange, so that they had not obliged to announce their
financial statement. The management of P.T. PM is very reclusive towards
outsiders and rejected to disclose its financial condition. We observed that
total sales turnover of the company in 2012 amounted to Rp. 7.2 billion
increased to Rp. 8.5 billion in 2013 rose to Rp. 9.5 billion in 2014 and
projected to go on rising by at least 6% in 2015. The operation in 2014 yielded
an estimated net profit of at least Rp. 0.7 billion and the company has an
estimated total networth of at least Rp. 2.0 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. PM is led by Mrs. Megawati (54) a
businesswoman with experience in trading, leasing, rent and distribution of
photocopier machines. 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. PCM MANDIRI is sufficiently
fairly good for business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.37 |
|
|
1 |
Rs.92.44 |
|
Euro |
1 |
Rs.66.56 |
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.