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Report No. : |
320678 |
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Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
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Name : |
P.T. ADI INTI MANDIRI |
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|
|
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Registered Office : |
Jalan Ciputat Raya No. 28 A & B, Kelurahan Ciputat, Kecamatan Kebayoran Lama, Jakarta Selatan, 12240 |
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Country : |
Indonesia
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Date of Incorporation : |
13.10.2003 |
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Com. Reg. No.: |
AHU-31238.AH.01.02.TH.2012 |
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|
|
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Legal Form : |
Limited Liability Company |
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|
|
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Line of Business : |
Trading and
Installation of Internet Services, Internet Services Provider. |
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|
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No. of Employees : |
11 |
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
BASIC SEARCH
|
Name
of Company :
P.T.
ADI INTI MANDIRI
A
d d r e s s :
Head
Office
Jalan
Ciputat Raya No. 28 A & B
Kelurahan
Ciputat, Kecamatan Kebayoran Lama
Jakarta
Selatan, 12240
Indonesia
Phones -
(62-21) 2905 3999 (Hunting)
Fax - (62-21) 2905 3913
E-mail - marketing@crypto.net.id
Website - http://www.crypto.net.id
Building Area - 2 storey
Office Space - 110 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation :
13
October 2003
Legal
Form :
P.T.
(Perseroan Terbatas) or Limited Liability Company
Company
Reg. No. :
The Ministry of Law and Human Rights
- No. C-25517 HT.01.01.TH.2003
Dated 27 October 2003
- No. AHU-31238.AH.01.02.TH.2012
Dated 8 June 2012
Company
Status :
National
Private Company
Permit
by the Government Department :
The Department of Finance
NPWP
No. 02.288.539.6-411.000
The Department of Industry and Trade
TDP
No. 300217404889
Dated
1 December 2003
Related
Company :
P.T.
ADI INTI MANDIRI SOLUSI (Internet Services Provider)
CAPITAL AND OWNERSHIP
|
Capital
Structure :
Authorized
Capital : Rp.
10,100,000,000.-
Issued
Capital :
Rp. 2,525,000,000.-
Paid
up Capital :
Rp. 2,525,000,000.-
Shareholders/Owners
:
a. Mr. Karunia AKA Karunia Widjaja - Rp.
2,488,000,000.-
Address : BSD Taman Giri Loka Block I No. 28
Kelurahan Jurangmangu, Kecamatan
Pondok Aren, Tangerang Selatan
Banten Province, Indonesia
b. Mr. Adi Putera Widjaja -
Rp. 37,000,000.-
Address :
Villa Melati Mas Block SR. 22 No. 61, RT. 03
RW. 01, Kelurahan Lengkong Karya, Kecamatan
Serpong, Tangerang, Banten Province
Indonesia
BUSINESS ACTIVITIES
|
Lines of Business :
Trading and
Installation of Internet Services, Internet Services Provider
Production Capacity :
None
Total Investment :
None
Started Operation :
2004
Brand Name :
Adi Inti Mandiri
Technical Assistance
:
None
Number of Employee :
11 persons
Marketing Area :
Local - 100%
Main Customer :
Corporate
Market Situation :
Very Competitive
Main
Competitors :
a.
P.T. CYBER NETWORK INDONESIA
b.
P.T. INDONESIA COMNET PLUS
c.
P.T. PRADIPTA INTIMEDIA SELARAS
d.
P.T. TESHARA GLOBAL VISI
e.
Etc.
Business
Trend :
Growing
BANKER, AUDITOR & LITIGATION
|
B
a n k e r :
P.T.
Bank MANDIRI Tbk
BSD
City Sektor Commercial I Block R No. 59
Jalan
Pahlawan Seribu
Serpong,
Tangerang
Banten
Province
Auditor
:
Internal
Auditor
Litigation
:
No
litigation record in our database
FINANCIAL FIGURE
|
Annual
Sales (estimated) :
2012
– Rp. 3.8 billion
2013
– Rp. 4.3 billion
2014
– Rp. 5.0 billion
Net
Profit (estimated) :
2012
– Rp. 0.6 billion
2013
– Rp. 0.7 billion
2014
– Rp. 0.8 billion
Payment
Manner :
Average
Financial
Comments :
Satisfactory
KEY EXECUTIVES
|
Board of Management :
Director - Mr. Karunia AKA Karunia Widjaja
Board of Commissioners :
Commissioner - Mr. Adi Putera Widjaja
Signatories :
Director
(Mr. Karunia AKA Karunia Widjaja) which must be approved by Board of
Commissioner
CAPABILITIES
|
Management Capability :
Satisfactory
Business Morality :
Satisfactory
OVERALL PERFORMANCE
|
Based on investigation the correct address of the Subject
is located Jalan Ciputat Raya No. 28 A & B, Ciputat, Kebayoran Lama, South
Jakarta not BSD City The Icon Horizon Broadway Block M-1 No. 6, Sampora Cisauk,
Tangerang, Banten Province as stated in your order ref. no. 320678 dated 29
April 2015.
P.T. ADI INTI MANDIRI (P.T. AIM) was established in
Tangerang, Banten Province based on notary deed Mrs. Julijanti Sundjaja, SH.,
no. 6 dated 13 October 2003 with an authorized capital of Rp. 300,000,000
issued capital of Rp. 75,000,000 entirely paid up. The founding and
shareholders of the company are Mr. Karunia AKA Karunia Widjaja and his young
brother Mr. Adi Putera Widjaja both are Indonesian businessmen of Chinese
extraction. Its article of association has been changed and according to
revision of notary deed Mrs. Henny Nur Hasanah, SH., no. 02 dated 4 June 2012
the company authorized capital was increased to Rp. 10,100,000,000 issued
capital to Rp. 2,525,000,000 entirely paid up. With this development the composition
of its shareholders has been changed to become Mr. Karunia AKA Karunia Widjaja
(98.43%) and Mr. Adi Putera Widjaja (1.47%). The deed of amendments was
approved by the Ministry of Law and Human Rights in its decision letter No.
AHU-31238.AH.01.02.TH.2012 dated June 8, 2012.
P.T. AIM has been operating since 2004 engaged in the
field of general trading and distribution, installation of internet and
internet services provider. Originally the company provide services in internet
services provider by manages and internet domains www.aim.co.id Besides, according to
Indonesia Internet Service Provider Association (APJII) the internet domain has
been changed to new domains www.crypto.net.id and the company is a
member of the APJII. According information from staff of the company explained
the internet now has facing trouble because changed of some equipment. However
since the end 2010 the company’s activity has been declining due to a lack of
customers. According information the company now also focused its activities in
trading and installation of internet system for various corporate and homes.
Since 2014 the company also won a tender to supply and installation of telecommunication
and internet networks for national narcotics Agency (BNN) valued Rp. 3.4
billion. Besides, the company also supplied internet equipment, maintenance and
services of internet system. We observe that P.T. AIM is classified a small
sized company of its kinds in the country.
Generally, local demand for information technology
services had been increasing by 7% to 8% on the average per annum in the last
five years having close relation with the growth of various industrial sectors
such as offices, educational institutions, banking and other industries in the
above period as consumers. The International Data Corporation (IDC) stated that
expenses for Information Technology (IT) will experience a better growth
compared to year 2014. However, the growth will remain stagnant for desktops
and notebooks, while growth for applications will need to improve. Hence, for
document solutions, IDC estimates a 3% growth of the office portfolio sector
and is considered to be the dominant portfolio. In industrial development
perspective, based on International Data Corporation (IDC), it is estimated
that Information Technology spending in Indonesia (excluding smart phone and
feature phone) in 2014 reach Rp 104.7 trillion or increase by 10% compared to
95.5 trillion in 2013. Meanwhile, the actual Information Technology spending in
2013 increases by 13% compared to Rp 84.8 trillion in 2012.
It then serves as a positive energy to encourage the
Company to keep progressing and developing as well as preparing some business
strategies to achieve the Company's best performance. The mid-term and long
term prospect of Information and Communication Technology (ICT) industry in
Indonesia will go through three important phases, namely cloud computing,
mobility solution and the-internet-of-everything era. The ICT industry in
Indonesia will gradually face the three phases, either separately or jointly.
Individual or corporate life aspects start to adopt the three phases. For
example, bank's use of mobile application, a growing interest in making online
transactions, etc. The competition is very tight on account of lots of similar
companies operating in the country. The business position of P.T. AIM is
appraised to be favorable for having established regular customers and wide
marketing networks in Jakarta and surroundings.
Until this time P.T. AIM has not been registered with
Indonesian Stock Exchange, so that they had not obliged to announce their
financial statement. The management of P.T. AIM 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. 3.8 billion
increased to Rp. 4.3 billion in 2013 rose to Rp. 5.0 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. 0.8 billion 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. AIM is led by Mr. Karunia AKA
Karunia Widjaja (40) a businessman with experience in internet services provider,
trading and installation internet networks, etc. 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. ADI INTI MANDIRI is sufficiently fairly good for
business transaction.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.05 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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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 |
|
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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 |
|
|
<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.