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Report No. : |
308861 |
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Report Date : |
26.02.2015 |
IDENTIFICATION DETAILS
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Name : |
P.T. DIHEN BERSAMA |
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Registered Office : |
Gedung Wisma Abadi 3rd Floor Suite 3-C Jalan Kyai Caringin No. 29-31 Petojo
Selatan, Gambir Jakarta Pusat, 10160 |
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Country : |
Indonesia |
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Date of Incorporation : |
08.08.1997 |
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Com. Reg. No.: |
AHU-AH.01.10-30026 |
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Legal Form : |
P.T. (Perseroan Terbatas) or Limited Liability Company |
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Line of Business : |
Trading and Distribution of Stainless Steel Products |
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No. of Employee : |
28 persons |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Slow but correct |
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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) |
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Indonesia |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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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, 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 |
P.T. DIHEN BERSAMA
Head Office
Gedung Wisma Abadi 3rd Floor
Suite 3-C
Jalan Kyai Caringin No. 29-31
Petojo Selatan, Gambir
Jakarta Pusat, 10160
Indonesia
Phones -
(62-21) 389 00938, 389 00939
Fax - (62-21) 389 00937
E-mail - sales@dihenbersama.com
Website - http://www.dihenbersama.com
Building Area - 4 storey
Office Space - 100 sq. meters
Region - Commercial
Status - Rent
Warehouse and
Operational Office
Jalan Pangeran Jayakarta No. 66/B6
Jakarta Pusat, 10730
Indonesia
Phones -
(62-21) 659 3339 (Hunting)
Fax - (62-21) 628 951
E-mail - sales@dihenbersama.com
Building Area - 1 storey
Office Space - 200 sq. meters
Region - Commercial
Status - Owned
8 August 1997
P.T. (Perseroan Terbatas) or Limited Liability Company
The Ministry of Law and Human Rights
- No. C2-12.091
HT.01.01.TH.98
Dated 25 August 1998
- No.
AHU-33782.AH.01.02.TH.2009
Dated 17 July 2009
- No. AHU-AH.01.10-30026
Dated 17 July 2009
- No. AHU-AH.01.10-30026
Dated 22 July 2013
National Private Company
The Department of Finance
NPWP No. 01.820.233.3-073.000
The Department of Industry and Trade
TDP No. 09051636888
Dated 19 November 1998
a. P.T. OHTORI INDONESIA
(Valve Manufacturing)
b. P.T. PARADISE PERKASA
(Holding Company)
CAPITAL
AND OWNERSHIP
|
Capital Structure :
Authorized Capital : Rp.
10,000,000,000.-
Issued Capital : Rp. 2,500,000,000.-
Paid up Capital : Rp. 2,500,000,000.-
Shareholders/Owners :
a. Mr. Henry Leo -
Rp. 1,250,000,000.-
Address : Jl. Griya Mulia Block G No. 3, RT. 007 RW. 020
Kelurahan Sunter Agung,
Kecamatan Tanjung
Priok, Jakarta Utara
Indonesia
b. Mr. Teddy Leo -
Rp. 1,250,000,000.-
Address : Mediterania Block A No. 30, RT. 011 RW. 006
Kelurahan papanggo,
Kecamatan Tanjung
Priok, Jakarta Utara
Indonesia
BUSINESS
ACTIVITIES
|
Lines of Business :
Trading and Distribution of Stainless Steel Products
Production Capacity :
None
Total Investment :
None
Started Operation :
1998
Brand Name :
Dihen Bersama
Technical Assistance :
None
Number of Employee :
28 persons
Marketing Area :
Local - 100%
Main Customer :
Industrial Manufacturing
Market Situation :
Very Competitive
Main Competitors :
a. P.T. AVESTINDO PERDANA
b. P.T. HECO PERKASA PRATAMA
c. P.T. KAHAJAYA SEMESTA
d. P.T. PRAKARSALANGGENG MAJUBERSAMA
e. Etc.
Business Trend :
Growing
BANKER,
AUDITOR & LITIGATION
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B a n k e r :
P.T. Bank CENTRAL ASIA Tbk
Jalan Pangeran Jayakarta 26 Block A 2-3
Jakarta Pusat
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
FINANCIAL
FIGURE
|
Annual Sales (estimated) :
2012 – Rp. 58.0 billion
2013 – Rp. 63.0 billion
2014 – Rp. 67.0 billion
Net Profit (estimated) :
2012 – Rp. 4.1 billion
2013 – Rp. 4.4 billion
2014 – Rp. 4.9 billion
Payment Manner :
Average
Financial Comments :
Satisfactory
KEY
EXECUTIVES
|
Board of Management :
Director - Mr. Teddy Leo
Board of Commissioners :
Commissioner - Mr. Henry Leo
Signatories :
Director (Mr. Teddy Leo) which must be approved
by Board of Commissioner
CAPABILITIES
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Management Capability :
Good
Business Morality :
Good
OVERALL
PERFORMANCE
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P.T. DIHEN BERSAMA (P.T. DB) was set-up in Jakarta on 8 August 1997 with
the authorized capital of Rp. 100,000,000 issued capital of Rp. 25,000,000
entirely paid up. The company was founded by Kho Kuan Bin and his son Mr. James
Leo both are Indonesian business family of Chinese extraction. The company
notary deed had been changed a couple of times and June 2009 the company
authorized capital was increased to Rp. 10,000,000,000 issued capital to Rp.
2,500,000,000 fully and paid up. On the same occasion Mr. Kho Kuan Bin withdrew
and replaced by Mr. Henry Leo as new shareholder. With this development the
composition of its shareholders has been changed to become Mr. Teddy Leo (50%)
and his young brother Mr. Henry Leo (50%). Then according to the latest
revision of notary deed Mr. Karin Christiana Basoeki, SH., No. 21 dated 11 June
2013 the company board of director and the board of commissioner re-elected to
lead and runs of the company’s operation. The deed of amendments was approved
by the Ministry of Law and Human Rights in its decision letter No.
AHU-AH.01.10-30026 dated July 22, 2013.
P.T. DB has been operating since 1998 dealing with trading, import,
stockiest, distribution and supplied of stainless steel products. The
merchandise good products are stainless steel coil/plate; stainless steel round
bar; stainless steel angle bar; stainless steel pipe seamless/welded and
stainless steel fitting wholly imported from Japan, Spain, Germany, South
Korea, China and India. The company sells of stainless steel products by using
ACERINOX, THYSENKRUPP, COLOMBUS, OUTOKUMPU, NISSIN STEEL, POSCO, VIRAJ Profile,
SUMITOMO, TUBACEX, TA CHEN, YEUN CHYAN, TG PRO, SUPERINOX, YHMCO, BKL, KOFCO
and METALFAR brands. Nowadays, markets aren’t just demanding for the
sustainability and reliability of supplies, but also the ability to become a
solution provider for their business needs. Therefore, P.T. DB is shifting its
business focus, which currently aiming to become a business solution company
and strategic business partner for its valuable customers. The company has many
stocks variety and availability for plates/coils, pipes, round bars, angle
bars, and fittings, which it can become one stop services for customers to seek
for stainless steel materials. Aligned with the company’s objectives, P.T.
DB implements Quality Management System ISO 9001: 2008 since 2007. This quality
management system was implemented to ensure that through their business
processes will achieve the best customer satisfaction. The whole products
supplied to various contractor and fabrications, chemical and petrochemical
plants, oleo chemical plants, refinery plants, food and beverages plants,
pharmaceutical plants and others in Jakarta and other cities in the country. We
observe the operation of P.T. DB has been growing and developing well in the
last three years.
Generally, demand for stainless steel products for industries in the
country had been increasing by 6% on the average per annum in the last five
years. Entering the new years, Indonesia’s economic prospects remain positive,
which was driven by domestic consumption, positive investment climate, as well
as the acceleration of infrastructure development. Going forward, increasing
purchasing power and increasing the number of middle income residents will be a
key driver for industry sector growth. By considering the above factors, the
future strategic priorities that will be implemented by the Company, among
others, are to strengthen the Company’s product presence in the community by
strengthening the distribution network to expand the availability and presence
of products, online sales, products design and development that is more
desirable to the market, online sales, and promotion through social media
networks.
The World Bank estimates Indonesia’s economic growth in 2014 by 5.3%,
slightly lower than the Indonesia’s economic growth in 2013 of 5.7%.
Indonesia’s Central Bank projected economic growth in 2014 to reach 5.7%.
Source of pressure on the Indonesian economy, among others, are economic
slowing down in developing countries, slowing down in the investment rate, and
the fuel subsidy burden.
Until this time P.T. DB has not been registered with Indonesian Stock
Exchange, so that they had not obliged to announce their financial statement. The management of P.T. DB 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. 58.0 billion
rose to Rp. 63.0 billion in 2013 increased to Rp. 67.0 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. 4.9 billion and the company has an
estimated total networth of at least Rp. 11.0 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. DB is led by Mr. Teddy Leo (46) a businessman and
professional manager with experience in trading, import and distribution of
stainless steel 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. DIHEN BERSAMA is sufficiently fairly good for
business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.05 |
|
|
1 |
Rs.96.03 |
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Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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.