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Report No. : |
332417 |
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Report Date : |
27.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
P.T. RIAN CONSULTANTS |
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Registered Office : |
Gedung Tamara 14th Floor Suite 1405, Jalan Jend. Sudirman Kav. 24, Jakarta Selatan, 12920 |
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Country : |
Indonesia
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Date of Incorporation : |
12.06.2008 |
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Com. Reg. No.: |
AHU-45277.AH.01.02.TH.2013 |
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|
|
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Legal Form : |
Limited Liability Company |
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|
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Line of Business : |
Management
Consulting Services |
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No. of Employees : |
17 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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 |
BASIC SEARCH
|
Name
of Company :
P.T.
RIAN CONSULTANTS
A
d d r e s s :
Head Office
Gedung
Tamara 14th Floor Suite 1405
Jalan
Jend. Sudirman Kav. 24
Jakarta
Selatan, 12920
Indonesia
Phones -
(62-21) 252 6660 (Hunting)
Fax - (62-21) 252 6655
E-mail - anita.susanti@bizintek.com
Building Area - 20 storey
Office Space - 100 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation :
12
June 2008
Legal
Form :
P.T.
(Perseroan Terbatas) or Limited Liability Company
Company
Reg. No. :
The Ministry of Law and Human Rights
-
No. AHU-40376.AH.01.01.TH.2008
Dated 11 July 2008
-
No. AHU-45277.AH.01.02.TH.2013
Dated 28 August 2013
Company
Status :
Foreign
Investment (PMA) Company
Permit
by the Government Department :
The Department of Finance
NPWP
No. 02.844.966.8-011.000
Related
Companies :
a.
P.T. BUSINESS INTELLIGENCE TECHNOLOGIES
(Information Technology Solution and
Investment Holding)
b. P.T. MATRAKOM INFOTEK (Information Technology
Solution Services)
CAPITAL AND OWNERSHIP
|
Capital
Structure :
Authorized
Capital : US$
1,400,000.-
Issued
Capital :
US$ 350,000.-
Paid
up Capital :
US$ 350,000.-
Shareholders/Owners
:
a. P.T. BUSINESS INTELLIGENCE
TECHNOLOGIES - US$ 171,500.-
Address : Gedung Tamara Center 14th Floor Suite 1405
Jl. Jend.
Sudirman Kav. 24
Kelurahan Kuningan, Kecamatan Setiabudi
Jakarta Selatan
Indonesia
b. Ms. Sonal Bedi -
US$ 126,000.-
Address :
Apartment Puri Casablanca C 15-02
Jl. Casablanca Kav. 9
Kelurahan Kuningan Selatan, Kecamatan
Setiabudi, Jakarta Selatan
Indonesia
c. Mr. Navneet Singh Bedi -
US$ 52,500.-
Address :
Jl. Pintu Air 1 No. 7
Kelurahan Pasar Baru, Kecamatan Gambir
Jakarta Pusat
Indonesia
BUSINESS ACTIVITIES
|
Lines of Business :
Management Consulting
Services
Production Capacity :
None
Total Investment :
None
Started Operation :
August 2008
Brand Name :
Rian Consultant
Technical Assistance
:
None
Number of Employee :
17 persons
Marketing Area :
Local - 100%
Main
Customer :
Foreign
company
Market
Situation :
Very
Competitive
Main
Competitors :
KIROYAN
& PARTNERS
Business
Trend :
Growing
BANKER, AUDITOR & LITIGATION
|
B
a n k e r :
P.T.
Bank MANDIRI Tbk
Bank
Mandiri Tower
Jalan
Jend. Sudirman Kav. 54-55
Jakarta
Selatan
Auditor
:
Internal
Auditor
Litigation
:
No
litigation record in our database
FINANCIAL FIGURE
|
Annual
Sales (estimated) :
2012
– Rp. 12.0 billion
2013
– Rp. 13.3 billion
2014
– Rp. 15.5 billion
Net
Profit (estimated) :
2012
– Rp. 0.9 billion
2013
– Rp. 1.1 billion
2014
– Rp. 1.3 billion
Payment
Manner :
Average
Financial
Comments :
Satisfactory
KEY EXECUTIVES
|
Board of Management :
Director - Ms. Anita Susanti, SE, MM
HRD Manager - Mrs. Irma Linda
Board of Commissioners :
Commissioner - Mr. Navneet Singh Bedi
Signatories :
Director
(Mr. Anita Susanti, SE, MM) which must be approved by Board of Commissioner
CAPABILITIES
|
Management Capability :
Good
Business Morality :
Good
OVERALL PERFORMANCE
|
Based on search and investigation the correct address is registered
at Gedung Tamara Center 14th Floor Suite 1405, Jalan Jend. Sudirman
Kav. 24, South Jakarta not Gedung Sampoerna Strategic South Tower 18th
Floor, Jalan Jend. Sudirman Kav. 45-46, South Jakarta as stated in your order
ref. no. 332417 dated 14 July 2015.
P.T. RIAN CONSULTANTS (P.T. RC) was established in
Jakarta based on notary deed Mrs. Frisda Rosantje, SH., no. 01 dated 12 June
2008 with an authorized capital of Rp. 1,000,000,000 issued capital of Rp.
600,000,000 fully and paid up. The founding and shareholders of the company
originally were Mr. Ricky Singh Bedi an Indonesian businessman of India tribe
and Mrs. Unung Arini both are indigenous businesswoman. Its article of
association has been changed a couple of times and according to the latest revision
of notary deed Mrs. Stefanie Hartanto, SH., no. 1 dated 4 June 2013 Mr. Ricky
Singh Bedi pulled out and into the company entered by P.T. BUSINESS
INTELLIGENCE TECHNOLOGIES, Ms. Sonal Bedi and Mr. Navneet Singh Bedi as new
shareholders.
On the same occasion the company status was converted
into Foreign Investment (PMA) company facility, With this time the composition
of its shareholders has been changed to become P.T. BUSINESS INTELLIGENCE
TECHNOLOGIES (49%), Ms. Sonal Bedi (36%) and Mr. Navneet Singh Bedi (15%). The
deed of amendments was approved by the Ministry of Law and Human Rights in its
decision letter No. AHU-45277.AH.01.02.TH.2013 dated August 28, 2013.
P.T. RC is a foreign investment (PMA) company facility
dealing with management consulting services. The company has been operating
since August 2008 by provided services in management consultancy, corporate
consultancy, human resources including personal administration, career
management, time management, payroll, claim and loan, report, system security
and others. Ms. Anita Susanti, SE, MM., Director of P.T. RC explained the
company also provided services in care and handled of the work permit
employment and foreign professional; the permits branches of foreign companies;
take care of labor and employment contract and other foreign professionals,
etc. Further Ms. Anita Susanti, also added the whole services has used by
various foreign companies among others are ADANI, State Bank of India, SOS,
Mitra Jaya Group, RSM AAJ Associates, IRD, Balfour Beauty Sakti, JHS System,
ESAB, Sibelco Asia, KSB, Sodexo, SDV, Wintermar, Sundaya, GTL, P.T. JASA
MEDIVEST and others. We observe the operation of P.T. RC has been growing and
developing well in the last three years.
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. RC is engaged. It is estimated that
industrial growth equal to or less compared to the previous
year.
Until this time P.T. RC has not been registered with
Indonesian Stock Exchange, so that they had not obliged to announce their
financial statement. The management of P.T. RC 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. 12.0 billion increased to Rp.
13.3 billion in 2013 rose to Rp. 15.5 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. 1.3 billion. We observe that P.T. RC is supported by
foreign partner with has financially strong and sound behind it. 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. RC is led by Mr. Anita Susanti,
SE, MM (39) a professional manager with experience in management consulting
services. She graduated and reached Business Administration and Management from
Universitas Persada Indonesia (YAI). 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. RIAN CONSULTANTS is sufficiently fairly good for business cooperation.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.89 |
|
|
1 |
Rs.99.10 |
|
Euro |
1 |
Rs.70.12 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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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.