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Report No. : |
319153 |
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Report Date : |
06.05.2015 |
IDENTIFICATION DETAILS
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Name : |
P.T. MITRATAMA
GLOBALINDO |
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|
|
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Registered Office : |
Jalan Poris Paradise Block B-1 No. 8, Poris
Gaga, Batu Ceper, Tangerang, 15148, Banten Province |
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Country : |
Indonesia |
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Date of Incorporation : |
10.08.2007 |
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Com. Reg. No.: |
AHU-44044.AH.01.02.TH.2009 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading,
Import and Distribution of Agriculture Commodities Products |
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No. of Employees : |
17
Persons |
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 – 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 |
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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. 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. MITRATAMA GLOBALINDO
A
d d r e s s :
Head
Office
Jalan
Poris Paradise Block B-1 No. 8
Poris
Gaga, Batu Ceper
Tangerang,
15148
Banten
Province
Indonesia
Phone -
(62-21) 5575298
Fax - (62-21) 5575298
Building Area - 1 storey
Office Space - 100 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation :
10
August 2007
Legal
Form :
P.T.
(Perseroan Terbatas) or Limited Liability Company
Company
Reg. No. :
The
Ministry of Law and Human Rights
- No. C-01501.HT.01.01.TH.2007
Dated 29 October 2007
- No. AHU-44044.AH.01.02.TH.2009
Dated 7 September 2009
Company
Status :
National
Private Company
Permit
by the Government Department :
The
Department of Finance
NPWP
No. 02.673.068.9-402.000
Related
Company :
None
Capital
Structure :
Authorized
Capital : Rp.
4,000,000,000.-
Issued
Capital :
Rp. 4,000,000,000.-
Paid
up Capital :
Rp. 4,000,000,000.-
Shareholders/Owners
:
a.
Mr. Fandi Arifin -
Rp. 3,600,000,000.-
Address : Taman
Wisma Asri D20/46, RT. 002 RW. 008
Kelurahan Teluk Pucung, Kecamatan Bekasi
Utara, Bekasi, West Java
Indonesia
b.
Mr. Rapli Sukmono -
Rp. 400,000,000.-
Address :
Kp. Rawa Bugel RT. 002 RW. 003
Kelurahan Margamula, Kecamatan
Bekasi
Utara, Bekasi, West Java
Indonesia
Lines
of Business :
Trading,
Import and Distribution of Agriculture Commodities Products
Production
Capacity :
None
Total
Investment :
None
Started
Operation :
2007
Brand
Name :
Mitratama
Globalindo
Technical
Assistance :
None
Number
of Employee :
17
persons
Marketing
Area :
Local - 100%
Main
Customer :
Traditional
markets, wholesale and traders
Market
Situation :
Very
Competitive
Main
Competitors :
a.
C.V. AGRO NUSA PERMAI
b.
P.T. BUKIT HIJAU SUBUR
c. C.V. HARAPAN UTAMA
d. C.V. WIRA MIVA MANDIRI
e.
Etc.
Business
Trend :
Growing
B
a n k e r :
P.T.
Bank CENTRAL ASIA Tbk
Poris Indah Block D2/1
Jalan Ampera Tangerang
Tangerang,
Banten Province
Indonesia
Auditor
:
Internal
Auditor
Litigation
:
No
litigation record in our database
Annual
Sales (estimated) :
2012
– Rp. 8.5 billion
2013
– Rp. 9.8 billion
2014
– Rp. 10.5 billion
Net
Profit (estimated) :
2012
– Rp. 510 million
2013
– Rp. 620 million
2014
– Rp. 680 million
Payment
Manner :
Average
Financial
Comments :
Satisfactory
Board of Management :
Director - Mr. Rapli Sukmono
Board of Commissioners :
President Commissioner - Mr. Fandi Arifin
Commissioner - Mr. Batasfi Pontas Gultom
Signatories :
Director
(Mr. Rapli Sukmono) which must be approved by Board of Commissioners
Management Capability:
Satisfactory
Business Morality:
Satisfactory
Based to our investigation to the above address Jalan
Poris Paradise Block B-1 No. 8, Poris Gaga, Batu Ceper, Tangerang, Banten Province,
through P.T. TELKOM in Jakarta and Tangerang, explained that the above
addressed or P.T. MITRATAMA GLOBALINDO has yet not registered on the P.T.
TELKOM information and Indonesian Standard Book Directory. According
information from the Ministry of Trade and Industry the Subject address located
at the above address with telephone number (62-21) 5575 298.
P.T. MITRATAMA GLOBALINDO (P.T. MG) was established in
Tangerang, Banten Province with the notary deed of Mrs. Liana Dewi Tuggali,
SH., No, 33 dated 10 August 2007 with the authorized capital of Rp.
4,000,000,000 entirely issued and paid up. The founding shareholders of the
company are Mr. Fandi Arifin (90%) and Mr. Rapli Sukmono (10%), both are
Indonesian businessmen of Chinese origins. The notary deed of incorporation was
approved by the Ministry of Law and Human Rights in its decision letter No.
C-01501.HT.01.01.TH. 2007, dated October 29, 2007.
Then according to the latest revision of notary documents
of Mr. Haji Dana Sasmita, SH., No. 50 dated 16 December 2008 the company board
of director and the board of commissioner reappointed 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-44044.AH.01.02.TH.2009 dated
September 7, 2009.
P.T. MG has been operating since 2007 engaged in the
field of trading, import and distribution of agriculture commodities products.
The merchandise goods product including are garlic, red chili, groundnuts,
green peas, green mung, cloves, peanuts, split peanuts etc. According
information from the Ministry of Trade, the company is engaged in import of
various agriculture commodities products which imported from China, India, USA,
Madagascar, Vietnam and Mozambique. P.T. MG import of ground nut through RIZHAO
DASHAN FOODS CO., LTD., China; origin green mung through Mozambique Origin
Green Mung; green peas through Canadian Green Peas Packed; clove through
Madagascar Peanuts and Madagascar Origin Clove of Madagascar; green peas thorough
Walker Seeds Ltd., of Savannah, Georgia, USA.
Walker Seeds Ltd. engages in sourcing, processing,
marketing, distributing, and exporting specialty crops in North America and
internationally. The company’s product portfolio includes various grades of
whole and split lentils, such as laird, richlea, eston, red, red split, feed,
and Chinese green lentils; whole and split peas, including whole green, split
green, whole yellow, yellow split, maple, marrowfat, Austrian winter, and feed
peas; chickpeas comprising Kabuli and desi chickpeas, B90/Amit, and chana dhal;
and canaryseeds, such as canaryseed 99/4 and glaborous canary seeds. It also
offers beans, including pinto, black, faba, split faba, yellow, and navy beans;
oilseeds comprising canola. The whole products marketed locally through
traditional markets, trader of agriculture and others in Jakarta, Tangerang,
Banten Province and others. Meanwhile the clove supplied to various cigarettes
industries in Central Java and East Java. We observe the operation of P.T. MG
is classified a small size company of its kinds with operation had been growing
slowly 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. MG to be in a quite favorable position for having already got
hold of a steady clientele in the country and abroad.
Until this time P.T. MG has not been registered with
Indonesian Stock Exchange, so that they had not obliged to announce their
financial statement. The management of P.T. MG 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. 8.5 billion increased to Rp. 9.8 billion in 2013 rose to Rp.
10.5 billion in 2014 and projected to go on rising by at least 5% in 2015. The
operation in 2012 yielded an estimated net profit of at least Rp. 680 million
and the company has an estimated total networth of at least Rp. 4.0 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. MG is led by Mr. Rapli Sukmono
(47) a businessman with experience in trading, import and distribution of
agriculture 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. MITRATAMA GLOBALINDO is sufficiently fairly
good for business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.52 |
|
|
1 |
Rs.95.96 |
|
Euro |
1 |
Rs.70.54 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
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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.