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Report No. : |
343999 |
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Report Date : |
09.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
P.T. ONE COMMODITIES
INDONESIA |
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|
|
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Registered Office : |
Ruko Cluster Alam Sutera, Jalan Jalur Sutera Timur Kav. 19 Block B-6 No. 12, Kelurahan Kunciran, Kecamatan Pinang, Tangerang, 15320, Banten Province |
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Country : |
Indonesia
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Date of Incorporation : |
13.01.2015 |
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Com. Reg. No.: |
AHU-0002664.AH.01.01.TH.2015 |
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Legal Form : |
Limited Liability Company |
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|
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Line of Business : |
Trading, Exporter
and Importer of Cotton and Agribusiness Products |
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No. of Employees : |
21 Persons
(Planned) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
|
-- |
NB |
New Business |
-- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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.
ONE COMMODITIES INDONESIA
A
d d r e s s :
Registered
Office
Ruko
Cluster Alam Sutera
Jalan
Jalur Sutera Timur Kav. 19 Block B-6 No. 12
Kelurahan
Kunciran, Kecamatan Pinang
Tangerang,
15320
Banten
Province
Indonesia
Phones -
(62-21) Not Enrolled
Fax -
(62-21) Not Enrolled
Building Area - 2 storey
Office Space - 120 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation :
13
January 2015
Legal
Form :
P.T.
(Perseroan Terbatas) or Limited Liability Company
Company
Reg. No. :
The Ministry of Law and Human Rights
No.
AHU-0002664.AH.01.01.TH.2015
Dated
21 January 2015
Company
Status :
Foreign
Investment (PMA) Company
Permit
by the Government Department :
The Department of Finance
Not
Available
Related
Company :
None
CAPITAL AND OWNERSHIP
|
Capital
Structure :
Authorized
Capital : US$
1,200,000.-
Issued
Capital :
US$ 1,200,000.-
Paid
up Capital :
US$ 1,200,000.-
Shareholders/Owners
:
a. Mr. Sekhsaria Alok Jagmohan - US$
1,140,000.-
Address : Mumbay
India
b. Mr. Hegde Dinesh Sunder - US$ 60,000.-
Address :
Mumbay
India
BUSINESS ACTIVITIES
|
Lines of Business :
Trading, Exporter and
Importer of Cotton and Agribusiness Products
Production Capacity :
None
Total Investment :
None
Started Operation :
August 2015
Brand Name :
One Commodities
Indonesia
Technical Assistance
:
None
Number of Employee :
21 persons (planned)
Marketing Area :
Export - 50%
Local - 50%
Main Customer :
Buyers in Europe Union
and the USA
Market Situation :
Very Competitive
Main
Competitors :
a.
P.T. COMMODITIES INDONESIA JAYA
b.
P.T. LOUIS DREYFUS COMMODITIES INDONESIA
c.
P.T. MULTI COMMODITY INDONESIA
d.
P.T. PHILIP FUTURES
Business
Trend :
Growing
BANKER, AUDITOR & LITIGATION
|
B
a n k e r :
P.T.
Bank MANDIRI Tbk
Jalan
Jalur Sutera Kav. 29 D No. 58
Serpong
Utara, Tangerang Selatan
Banten
Province
Auditor
:
Internal
Auditor
Litigation
:
No
litigation record in our database
FINANCIAL FIGURE
|
Annual
Sales (estimated) :
None
Net
Profit (estimated) :
None
Payment
Manner :
Average
Financial
Comments :
Satisfactory
KEY EXECUTIVES
|
Board of Management :
President Director - Mr. Ibnu Rusdian
Director -
Mr. Hegde Dinesh Sunder
Board of Commissioners :
Commissioner - Mr. Sekhsaria Alok Jagmohan
Signatories :
President
Director (Mr. Ibnu Rusdian) or the Director (Mr. Hegde Dinesh Sunder) which
must be approved by Board of Commissioner
CAPABILITIES
|
Management Capability :
Satisfactory
Business Morality :
Satisfactory
OVERALL
PERFORMANCE
|
Based on search and investigation through the above
address on Ruko Cluster Alam Sutera, Jalan Jalur Sutera Timur Kav. 19 Block B-6
No. 12, Kunciran, Pinang, Tangerang, Banten Province has yet not enrolled and
was not found. Besides the Subject address has yet not registered on Telkom
Information Jakarta and Banten Province.
P.T. ONE COMMODITIES INDONESIA (P.T. OCI) was established
in Tangerang, Banten Province based on notary deed Mrs. Linda Herawati, SH.,
no. 17 dated 13 January 2015 with an authorized capital of US$ 1,200,000 wholly
issued and paid up. The founding and shareholders of the company are Mr.
Sekhsaria Alok Jagmohan (95%) and Mr. Hegde Dinesh Sunder (5%) both are
businessmen of India. Based on our knowledge up to writing the report the
notary documents of the company have not undergone any changes. The notary deed
of incorporation was approved by the Ministry of Law and Human Rights in its
decision letter No. AHU-0002664.AH.01.01.TH.2015 dated January 21, 2015.
P.T. OCI is a Foreign Investment (PMA) company facility
to deal with general trading, wholesale, export import of cotton and
agriculture products. According information P.T. OCI is a new comer company
plans its activity in export import of various agro commodities products among
others are cotton, cloves, sugar, coffee, cocoa and palm oil. According
information the company still recruited and hired of a number of staff to
filling position. Besides, according information the whole products in the form
of cotton will be imported from Australia, India, Brazil and USA. Later the
whole products marketed locally to various yarn spinning mills in the country.
Meanwhile the agriculture products like coffee, cloves, cocoa, palm oil will be
exported to India, Middle East and other countries. We note that P.T.
OCI is a new company that is still in developmental stages.
Generally, demand for agriculture products such as
soybean and spices products has kept on increasing by 9% to 10% in the domestic
and export market in the last five years having close relation with the growth
of food processing industries, cafes and restaurants within and outside the
country. Besides, the agriculture products are one of basic needs in daily
life. The demand is estimated to be rising by at least 7% in the coming five
years. Meanwhile, the competition is very tight on account of lots of similar
companies operating in the country.
In view of P.T. OCI still relatively new in operation
August 2015, the company’s financial condition is as much as the company’s
issued capital worth US$ 1,200,000 equivalent Rp. 14,968,800,000. We find that
the company’s financial condition still depends on the financial condition of
its shareholders being supported by the businessmen behind it.
The management of P.T. OCI is led by Mr. Ibnu Rusdian
(35) a professional manager with experience in trading, export import services.
He graduated and reached bachelor degree’s International Business Trade and Tax
Law from University of Trisakti. Prior he is a former professional manager One
Commodities DMCC in November 2014, Director P.T. COLEMAN INDONESIA in January
2013 – February 2014 and Country Manager P.T. COTTON INDONESIA in February 2007
– January 2013. 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. Considering P.T. ONE
COMMODITIES INDONESIA is still relatively new in operation and the telephone
number is not enrolled we recommend to treat prudently in extending a loan to
the company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.16 |
|
|
1 |
Rs.99.78 |
|
Euro |
1 |
Rs.73.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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 |
|
|
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.