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Report No. : |
335605 |
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Report Date : |
12.08.2015 |
IDENTIFICATION DETAILS
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Name : |
P.T. BUANA AGRO BISNIS |
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Registered Office : |
Complex Ruko Puri Mutiara Block A No. 110-111,
Kelurahan Sunter Agung, Kec. Tanjung Priok, Jakarta Utara, 14350 |
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Country : |
Indonesia |
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Date of Incorporation : |
04.07.2005 |
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|
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Com. Reg. No.: |
AHU-AH.01.10-05445 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading, Import and
Distribution of Agricultural Commodities Products. |
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No. of Employees : |
15 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Indonesia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDONESIA - ECONOMIC
OVERVIEW
Indonesia has seen a slowdown in growth since 2012, mostly
due to the end of the commodities export boom. 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, a current account deficit, and unequal
resource distribution among regions. President Joko WIDODO - elected in July
2014 - has emphasized maritime and other infrastructure development, and
especially increased electric power capacity, since taking office. Fuel
subsidies were almost completely removed in early 2015, a move which could help
the government increase spending on its development priorities. Indonesia, with
the nine other ASEAN members, will continue to move towards participation in
the ASEAN Economic Community, though full implementation of economic
integration will not be completed by the previously-set deadline of year-end
2015.
|
Source
: CIA |
Name
of Company :
P.T. BUANA AGRO BISNIS
A
d d r e s s :
Head Office
Complex
Ruko Puri Mutiara Block A No. 110-111
Kelurahan
Sunter Agung, Kec. Tanjung Priok
Jakarta
Utara, 14350
Indonesia
Phones -
(62-21) 65835001 (Hunting)
Fax - (62-21) 65837666
E-mail - bronis.jakarta@yahoo.com
Building Area - 2 storey
Office Space - 230 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation :
4
July 2005
Legal
Form :
P.T.
(Perseroan Terbatas) or Limited Liability Company
Company
Reg. No. :
The Ministry of Law and Human Rights
- No. C-25034 HT.01.01.TH.2005
Dated 9 September 2005
- No. 43214.AH.01.02.TH.2008
Dated 21 July 2008
-
No. AHU-AH.01.10-05445
Dated 19 February 2013
Company
Status :
National
Private Company
Permit
by the Government Department :
The Department of Finance
NPWP
No. 02.475.948.2-048.000
The Department of Industry and Trade
TDP
No. 09.01.1.51.20861
Dated
12 September 2007
Related
Company :
None
Capital
Structure :
Authorized
Capital : Rp.
1,500,000,000.-
Issued
Capital :
Rp. 1,000,000,000.-
Paid
up Capital :
Rp. 1,000,000,000.-
Shareholders/Owners
:
a. Mr. Johanes Baptista Djoni - Rp.
900,000,000.-
Address : Jl. Penggilingan Raya RT. 010 RW. 005
Kelurahan Penggilingan, Kecamatan
Cakung, Jakarta Timur, Indonesia
b. Mr. Fransiscus Dedy Kristiady - Rp. 50,000,000.-
Address :
Jl. Cempaka No. 20, RT. 008 RW. 004
Kelurahan Cibubur, Kecamatan Ciracas
Jakarta Timur, Indonesia
c. Mr. Aldi Sukirno Widodo - Rp. 50,000,000.-
Address : Jl. Rawasari Selatan, RT. 014 RW. 09
Kelurahan Rawasari, Kecamatan Cempaka
Putih, Jakarta Pusat, Indonesia
Lines of Business :
Trading, Import and
Distribution of Agricultural Commodities Products
Production Capacity :
None
Total Investment :
None
Started Operation :
August 2005
Brand Name :
Buana Agro Bisnis
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. ALAM INDORAMA
b. P.T. BAHANA PELITA
ABADI
c. C.V.. BUMI DJAJA
d. C.V. DEWA TUNGGAL
ABADI
e. Etc.
Business Trend :
Growing
B
a n k e r :
P.T.
Bank CENTRAL ASIA Tbk
Jalan
Danau Agung II Block E 2 No. 1 A
Sunter
Agung
Jakarta
Utara
Indonesia
Auditor
:
Internal
Auditor
Litigation
:
No
litigation record in our database
Annual
Sales (estimated) :
2012
– Rp. 11.0 billion
2013
– Rp. 12.4 billion
2014
– Rp. 13.5 billion
Net
Profit (estimated) :
2012
– Rp. 660 million
2013
– Rp. 806 million
2014
– Rp. 870 million
Payment
Manner :
Average
Financial
Comments :
Satisfactory
Board of Management :
Director - Mr. Aldi Sukirno Widodo
Board of Commissioners :
Commissioner - Mr. Fransiscus Dedy Kristiady
Signatories :
Director
(Mr. Aldi Sukirno Widodo) which must be approved by Board of Commissioner
Management Capability :
Satisfactory
Business Morality :
Satisfactory
P.T. BUANA AGRO BISNIS (P.T. BAB) was set-up in Jakarta
on July 4, 2005 with an authorized capital of Rp. 1,500,000,000 issued capital
of Rp. 1,000,000,000 entirely paid up. The company was founded by Mr. Supono
and Mr. Suryana as the original shareholders. The company notary deed has been
changed frequently. In August 2005 Mr. Djonni entered into the company as new
shareholder. Later in June 2008, Mr. Supono, Mr. Suryana and Mr. Djonni
withdrew and the whole shares sold to Mr. Aldi Sukirno Widodo and Mr. Iwan
Suwarna, both are Indonesian businessmen of Chinese descent as new
shareholders. With this time the composition of its shareholders has been
changed to become Mr. Aldi Sukirno Widodo (50%) and Mr. Iwan Suwarna (50%). The
latest according to revision of notary deed Mrs. Neltje T. Pattinama, SH., no.
16 dated 21 January 2013 Mr. Iwan Suwarna pulled out and into the company
entered by Mr. Johanes Baptista Djoni and Mr. Fransiscus Dedy Kristiady as new
shareholders. With this time the composition of its shareholders has been
changed to become Mr. Johanes Baptista Djoni (90%), Mr. Aldi Sukirno Widodo
(5%) and Mr. Fransiscus Dedy Kristiady (5%). The deed of amendments was
approved by the Ministry of Law and Human Rights in its decision letter No.
AHU-AH.01.10-05445 dated February 19, 2013.
P.T. BAB started to be operating since August 2005 to
deal with trading, import and distribution of agricultural commodities
products. In its operation the company import of dry chili, fresh chili,
extract chili of Vietnam; red onion and garlic from India and rice from Vietnam
and Thailand. Besides, P.T. BAB is also export of black glutinous rice to Asian
countries. The whole agricultural commodities products marketed locally through
traditional market in Java and Sumatera. Besides, the dry chili and extract
chili supplied to various food and snack processing industries in Jakarta, West
Java and East Java. We observed that the company’s operation 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. BAP to be in a quite favorable position for having already got
hold of a steady clientele in the Java, Sumatera and surroundings.
Until this time P.T. BAB has not been registered with
Indonesian Stock Exchange, so that they had not obliged to announce their
financial statement. The management of P.T. BAB 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. 11.0 billion
increased to Rp. 12.4 billion in 2013 rose to Rp. 13.5 billion in 2014 and
projected to go on rising by at least 4% in 2015. The operation in 2014 yielded
an estimated net profit of at least Rp. 870 million and the company has an
estimated total networth of at least Rp. 2.5 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. BAB is led by Mr. Aldi Sukirno
Widodo (42) a businessman and professional manager with experience in trading,
import and distribution of agricultural 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. BUANA AGRO BISNIS is sufficiently fairly good
for business cooperation.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.17 |
|
|
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.70.36 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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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 |
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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 |
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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|
-- |
NB |
New Business |
-- |
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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.