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Report No. : |
322469 |
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Report Date : |
20.05.2015 |
IDENTIFICATION DETAILS
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Name : |
P.T. PRATAMABINA
MEDITAMA |
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Registered Office : |
Graha Niaga Building 5th Floor, Jalan Putri Hijau No. 20, Karang Berombak, Medan Barat, Medan, 20115, North Sumatera |
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Country : |
Indonesia
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Date of Incorporation : |
10.08.1994 |
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Com. Reg. No.: |
AHU-01.10-06183 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
· Trading and
Distribution of Marine Engine Equipment · Shipping Agency |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Exist |
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. 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.
PRATAMABINA MEDITAMA
A
d d r e s s :
Head Office
Graha
Niaga Building 5th Floor
Jalan
Putri Hijau No. 20
Karang
Berombak, Medan Barat
Medan,
20115
North
Sumatera
Indonesia
Phone -
(62-61) 4514 789
Fax - (62-61) 4514 789
E-mail - shipdeptgen@gmail.com
Building Area - 6 storey
Office Space - 80 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation :
a. 11 March 1994 as P.T. PRATAMA BINA MEDIK
b. 10 August 1994 as P.T. PRATAMABINA MEDITAMA
Legal
Form :
P.T.
(Perseroan Terbatas) or Limited Liability Company
Company
Reg. No. :
The Ministry of Law and Human Rights
- No. C2-13142.HT.01.01.TH.94
Dated 31 August 1994
- No. AHU-45223.AH.01.02.TH.2009
Dated 14 September 2009
- No. AHU-01.10-06183
Dated 28 February 2011
Company
Status :
National
Private Company
Permit
by the Government Department :
The Department of Finance
NPWP
No. 01.651.635.3-122.000
Related
Company :
None
CAPITAL
AND OWNERSHIP
|
Capital
Structure :
Authorized
Capital : Rp.
100,000,000.-
Issued
Capital :
Rp. 28,000,000.-
Paid
up Capital :
Rp. 28,000,000.-
Shareholders/Owners
:
a. Mr. Boelio Muliadi -
Rp. 25,000,000.-
Address : Komplek Villa Polonia Indah No. 68
Kelurahan Suka Damai, Kecamatan Medan
Polonia, Medan, North Sumatera
Indonesia
b. Mrs. Soepariny Muliadi -
Rp. 3,000,000.-
Address :
Jl. Ir. H. Juanda No. 20-F
Kelurahan Suka Damai, Kecamatan
Medan
Polonia, Medan, North Sumatera
Indonesia
BUSINESS
ACTIVITIES
|
Lines of Business :
a. Trading and Distribution of Marine Engine
Equipment
b. Shipping Agency
Production Capacity :
None
Total Investment :
None
Started Operation :
1994
Brand Name :
Pratamabina Meditama
Technical Assistance
:
None
Number of Employee :
6 persons
Marketing Area :
Local - 100%
Main Customer :
Industrial
manufacturing
Market Situation :
Very
Competitive
Main
Competitors :
a.
P.T. CAHAYA PRATAMA DIESELINDO
b.
P.T. DUTA CAHAYA MARINE
c.
P.T. GLOBAL MARINE
d.
P.T. INDONESIA GLOBAL SERVICES
e.
Etc.
Business
Trend :
Growing
slowly
BANKER,
AUDITOR & LITIGATION
|
B
a n k e r :
P.T.
Bank CIMB NIAGA Tbk
Graha
Niaga
Jalan
Putri Hijau No. 20
Medan,
North Sumatera
Indonesia
Auditor
:
Internal
Auditor
Litigation
:
The Subject was involved in controversial
dispute with P.T. WRP BUANA MULTICORPORA declared on Medan Court No.
490/PDT.G/2012/PN.Medan dated 31 August 2012.
FINANCIAL
FIGURE
|
Annual
Sales (estimated) :
2012
– Rp. 1.5 billion
2013
– Rp. 1.7 billion
2014
– Rp. 2.0 billion
Net
Profit (estimated) :
2012
– Rp. 120 million
2013
– Rp. 132 million
2014
– Rp. 140 million
Payment
Manner :
Average
Financial
Comments :
Satisfactory
KEY
EXECUTIVES
|
Board of Management :
Director - Mr. Andrei Yuanda
Board of Commissioners :
Commissioner - Mr. Boelio Muliadi
Signatories :
Director (Mr.
Andrei Yuanda) which must be approved by Board of Commissioner
CAPABILITIES
|
Management Capability :
Satisfactory
Business Morality :
Satisfactory
OVERALL PERFORMANCE
|
Originally the company named P.T. PRATAMA BINA MEDIK was set-up
in Medan, North Sumatra on 11 March 1994 with an authorized capital of Rp.
100,000,000 issued capital of Rp. 28,000,000 entirely paid up. The founding and
shareholders of the company originally were Mr. Boelio Muliadi and Mrs.
Soeriany Muliadi both are Indonesian businessmen of Chinese extraction. Later
on 10 August 1994 the company name was changed into P.T. PRATAMABINA MEDITAMA
(P.T. PBM). Its article of association has been changed a couple of times and
according to latest revision of notary deed Mrs. Susan Widjaja, SH., no. 6
dated 10 February 2011 Mrs. Soeriany Muliadi pulled out and into the company
entered by Mrs. Soepariny Muliadi as new shareholder. With this time the
composition of its shareholders has been changed to become Mr. Boelio Muliadi
(89.3%) and Mrs. Soepariny Muliadi (10.7%). The deed of amendments was approved
by the Ministry of Law and Human Rights in its decision letter No.
AHU-AH.01.10-06183 dated February 28, 2011.
P.T. PRATAMABINA MEDITAMA (P.T. PBM) is a national
private company started to be operating in 1994 dealing with trading, supply,
distribution of marine engine component and parts, industrial machinery and
components and other machinery.
According information and clarification through the
company explained the whole merchandise goods supplied to various industrial
sectors in Medan, North Sumatera and surroundings. Besides, according
information the company is also engaged in shipping agency services. In its
operation the company acted as agent from shipping companies from overseas
without given the name of shipping. The company transported of various rubber
and latex products from North Sumatera with international destination. The
company handles the export of hand gloves and other rubber products from P.T.
WRP BUANA MULTI CORPORA, P.T. INTAN HEVEA INDUSTRY and other companies with
destination of China. We observe that P.T. PBM is a small sized company of its
kinds in the country with operation has been growing with slowly 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. PBM is engaged. It is estimated that
industrial growth equal to or less compared to the previous year
Until this time P.T. PBM has not been registered with
Indonesian Stock Exchange, so that they had not obliged to announce their
financial statement. The management of P.T. PBM 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. 1.5 billion
increased to Rp. 1.7 billion in 2013 rose to Rp. 2.0 billion in 2014 and
projected to go on rising by at least 5% in 2015. The operation in 2014 yielded
a net profit of at least Rp. 140 million. 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. PBM is led by Mr. Andrei Yuanda
(33) a young businessman with experience in trading, supply and distribution of
marine engine component, industrial machinery component and shipping agency
services. 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. According to information that the case still under process
appeals to the high court it has not registered with the black list of Bank of
Indonesia. Considering P.T. PRATAMABINA MEDITAMA classified a small sized and
operation grow with slowly we recommend to treat prudently in extending a loan
to the company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.69 |
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|
1 |
Rs.99.73 |
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Euro |
1 |
Rs.71.90 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
TPT |
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.