|
Report No. : |
341511 |
|
Report Date : |
24.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
P.T.
GARUDAFOOD PUTRA PUTRI JAYA |
|
|
|
|
Registered Office : |
Wisma Garudafood 1 & 2 Jalan Bintaro
Raya No. 10 A Tanah Kusir Jakarta Selatan, 12240 |
|
|
|
|
Country : |
Indonesia |
|
|
|
|
Date of Incorporation : |
24.08.1994 |
|
|
|
|
Com. Reg. No.: |
AHU-AH.01.10-02993 |
|
|
|
|
Legal Form : |
P.T.
(Perseroan Terbatas) or Limited Liability Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
1,500 Persons |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
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 |
|
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 globalFINANCIAL 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 |
P.T. GARUDAFOOD PUTRA PUTRI JAYA
Head Office
Wisma
Garudafood 1 & 2
Jalan
Bintaro Raya No. 10 A
Tanah Kusir
Jakarta Selatan, 12240
Phones -
(021) 7290-110 (Hunting)
Fax - (021)
7290-112
E-mail - cs@garudafood.com
Website : http://www.garuda-peanuts.com
Building Area - 3 storey
Office Space - 500 sq. meters
Region - Commercial
Status - Owned
Marketing Office
Jalan
Wahab Affan No. 135
Kec.
Medan Satria
Bekasi
17132
West
Java
Phones - (021) 8843210 (Hunting), 8853716 (Hunting)
Hotline - (021) 8858888
Fax - (021) 8854579
E-mail : cs@garudafood.com
Factory I
Jalan Raya Pati - Juana Km. 2.3
Pati,
Central Java
Phone - (0295) 381673
Fax - (0295) 383863
Land Area - 10,000 sq.
meters
Building Space - 6,000 sq. meters
Region - Industrial
Zone
Status - Owned
Factory II
Jalan
Kembang Joyo No. 100
Pati,
Central Java
Phones - (0295) 382716
(Hunting)
Fax - (0295)
382494
Land Area - 20,000 sq.
meters
Building Space - 11,000 sq. meters
Region - Industrial
Zone
Status - Owned
Factory III
Jalan
Ir. Sutami Km. 12
Lampung
Selatan, Tanjung Bintang
Lampung
Province
Phone - (0721) 350068
Fax - (0721)
350069
Land Area - 11,000 sq.
meters
Building Space - 7,000 sq. meters
Region - Industrial
Zone
Status - Owned
Factory IV
Jalan
Baros No. 57
Cimahi,
40533
Bandung
West
Java
Phone - (022) 6630233
(Hunting)
Fax - (022)
6657305
Land Area - 12,000 sq.
meters
Building Space - 7,100 sq. meters
Region - Industrial
Zone
Status - Owned
Factory V
Desa Krikilan Km. 28
Driyorejo, Gresik
East Java
Phones - (031) 7508086,
8978333
Fax - (031)
7507770
Land Area - 13,500 sq.
meters
Building Space - 8,200 sq. meters
Region - Industrial Zone
Status - Owned
Singapore Representative Office
Block
445#11-457
Sin
Ming Ava
Singapore
Phone - (65) 4586069
Fax - (65) 4597597
Bandung Distribution Office
Jalan
Sukarno-Hatta No. 362
Bandung
West
Java
Phone - (022) 5208479
Fax - (022) 5208479
Semarang Distribution Office
Jalan
Gatot Subroto Block D-22
Kawasan
Industri Candi
Semarang,
Central Java
Phones - (024) 7626288
(Hunting)
Fax - (024) 7626286
Surabaya Distribution Office
Jalan Ngelom Megare No. 575
Sepanjang, Sidoarjo
Surabaya
East
Java
Phones - (031)
7882014-15, 7888888
Fax - (031) 7882016, 7887777
a.
24 August 1994 as P.T. GARUDA PUTRA PUTRI JAYA
b.
28 August 2001 as P.T. GARUDAFOOD PUTRA PUTRI JAYA
P.T.
(Perseroan Terbatas) or Limited Liability Company
The
Ministry of Law and Human Rights
- No. AHU-AH.01.10-08307
Dated 7 April 2010
- No. AHU-54429.AH.01.02.TH.2012
Dated 23 October 2012
- No. AHU-AH.01.10-02993
Dated 4 February 2013
National
Private and Domestic Investment (PMDN) Company
The
Department of Finance
NPWP
No. 01.577.116.5-092.000
The
Capital Investment Coordinating Board
- No. 01/I/PMDN/2001
Dated 7 January 2001
- No. 34/II/PMDN/2005
Dated 28 April 2005
- No. 57/III/PMDN/2006
Dated 8 May 2006
- No. 65/II/PMDN/2007
Dated 28 May 2007
The
Department of Industry
No.
310/T/Industri/2005
Dated
15 April 2005
A Member
Company of the GARUDAFOOD Group (see attachment)
CAPITAL
AND OWNERSHIP
|
Capital
Structure :
Authorized
Capital : Rp.
1,500,000,000,000.-
Issued
Capital :
Rp. 561,106,582,000.-
Paid
up Capital :
Rp. 561,106,582,000.-
Shareholders/Owners
:
a.
P.T. GARUDA BEVERAGE JAYA -
Rp. 561,106,581,900.-
Address : Jl.
Bintaro Raya No. 10, RT. 003 RW. 010
Kelurahan Kebayoran Lama Utara, Kecamatan
Kebayoran Lama, Jakarta Selatan
Indonesia
b.
Mr. Sudhamek Agoeng Waspodo Soenjoto -
Rp. 100.-
Address :
Wisma Subud No. 27, RT. 007 RW. 003
Kelurahan Cilandak Barat, Kecamatan Cilandak
Jakarta Selatan
Indonesia
BUSINESS
ACTIVITIES
|
Lines
of Business :
a. Snack Food, Biscuit and Wafer Industry (Flour
Coated & Roasted Peanuts)
b. Investment Holding
Production Capacity :
Pati Factory
a. Flour Coated
Peanuts -
13,500 tons p.a.
b. Roasted Peanuts - 5,000
tons p.a.
c. Onion Chips &
Snack - 20,000 tons p.a.
Bandung Factory
Roasted Peanuts - 7,500 tons p.a.
Lampung Factory
Flour Coated Peanuts - 1,500 tons p.a.
Surabaya Factory
Biscuits & Wafers - 1,200 tons p.a.
Total Investment :
a. Equity Capital - Rp. 561.1
billion
b. Loan Capital - Rp. 61.7 billion
c. Total Investment - Rp. 622.8 billion
Started Operation :
1995
Brand Name :
Kacang Garuda
Technical Assistance
:
None
Number of Employee :
1,500 persons
Marketing Area :
Local - 65%
Export -
35%
Main Customer :
Buyers in Singapore,
Europe Union and the USA
Market Situation :
Very Competitive
Main Competitors :
a. P.T. DUA KELINCI
b. P.T. SENTRAL MULTIRASA UTAMA
c. P.T. SEPASANG NAGA JAYA
Business Trend :
Growing
BANKER,
AUDITOR & LITIGATION
|
B
a n k e r s :
a.
P.T. Bank CENTRAL ASIA Tbk
Wisma BCA
Jalan Jend.
Sudirman Kav. 22-23
Jakarta Selatan
Indonesia
b.
P.T. Bank CENTRAL ASIA Tbk
Pati Main Branch
Central Java
Indonesia
Auditor :
Internal Auditor
Litigation
:
The Subject was involved in controversial
dispute between P.T. DUA KELINCI concerning KATOM brand. The Supreme Court has
declared P.T. DUA KELINCI as the real owner of KATOM brand, recorded No.
032/K/PDT.SUS/2007 cases No. 05/HaKI/M/2007/PN.Niaga, Semarang, and lawsuit
cassation No. 033.K/PDT.SUS/2007 cases No. 06/HaKI/M/2007/PN.Siaga, Semarang.
FINANCIAL
FIGURE
|
Annual
Sales (estimated) :
2012
– Rp. 2,310.0 billion
2013
– Rp. 2,420.0 billion
2014
– Rp. 2,518.0 billion
Net
Profit (estimated) :
2012
– Rp. 168.0 billion
2013
– Rp. 175.0 billion
2014
– Rp. 198.0 billion
Payment
Manner :
Average
Financial
Comments :
Satisfactory
KEY
EXECUTIVES
|
Board of Management :
President
Director - Mr.
Hardianto Atmadja
Directors - a.
Mrs. Dra. Rahajoe Dewiningrum Soenjoto
b. Mr. Robert Chandra K.A.
Board of Commissioners :
President
Commissioner - Mr.
Sudhamek Agoeng Waspodo Soenjoto, SE, SH
Commissioners - a. Mr. Drs. Eka
Susanto Widadi Sunarso
b. Mr. Hartono Atmadja
c. Mr. Drs. Untung Rahardjo Sunjoto
d. Mr. Pangayoman Adi Soenjoto
e. Mr. Prodjo Handojo Sunjoto
f. Mrs. Lestari Santoso Soenjoto
Signatories :
President
Director (Mr. Hardianto Atmadja) or one of the Directors (Mrs. Dra. Rahajoe
Dewiningrum Soenjoto or Mr. Robert Chandra K.A.) which must be approved by
Board of Commissioner
CAPABILITIES
|
Management Capability :
Good
Business Morality :
Good
OVERALL
PERFORMANCE
|
Initially named P.T. GARUDA PUTRA PUTRI JAYA, it was established
in 1994 in Pati, Central Java with the authorized capital of Rp. 1,500,000,000
of which Rp. 600,000,000 was issued and fully paid up. The founding
shareholders are Mrs. Kusuma Dewiningrum, Mr. Sudhamek Agung Waspodo Soenjoto,
SE, SH, Mr Prodjo Handojo Soenjoto, Mr. Pratolo Walujo Soenjoto, Mrs.
Pangajoman Adi Soenjoto, Mr. Lestari Santoso Soenjoto, Mr. Drs. Untung Rahardjo
Soenjoto, Mrs. Dra. Rahayu Dewiningrum Soenjoto, all are Indonesian business
family of Chinese extraction. The articles of association of the company have
frequently been revised. In January 1998, the authorized capital of the company
was increased to Rp. 2,000,000,000 of which Rp. 1,100,000,000 was issued and
fully paid up and concurrently into the company entered Mrs. Ratnawati Atmadja,
an Indonesian businesswoman of Chinese extraction, as a new shareholder. In
November 2000, P.T. TUDING PUTRA JAYA and P.T. GARUDAFOOD JAYA merged into P.T.
GARUDA PUTRA PUTRI JAYA (surviving company). At the same time, the authorized
capital of the company was increased to Rp. 10,500,000,000 wholly issued and
paid up.
Then in August 2001, the company renamed to P.T. GARUDAFOOD
PUTRA PUTRI JAYA (P.T. GPPJ). On the same occasion the authorized
capital was raised to Rp. 42,000,000,000 issued capital to Rp. 21,000,000,000
entirely paid up. The latest in March 2010 the authorized capital was raised to
Rp. 1,500,000,000,000 issued capital to Rp. 561,106,582,000 entirely paid up.
On the same occasion, P.T. TUDUNG PUTRA PUTRI JAYA and P.T. DHARMA AGUNG WIJAYA
entered into the company as new shareholders. The latest according to the
revision of notary deed Mrs. Popie Savitri Martsosuhardjo Pharmanto, SH., no.
75 dated 23 October 2012 the whole shares had been taken over by P.T.
GARUDAFOOD BEVERAGE JAYA (99.9999%) and Mr. Sudhamek Agoeng Waspodo Soenjoto
(0.0001%). The deed of amendments was approved by the Ministry of Law and Human
Rights in its decision letter No. AHU-AH.01.10-02993 dated February 4, 2013.
P.T. GPPJ is one the biggest producer of roasted peanut
and coated peanuts. Having merged in November 2000, P.T. GPPJ has 5 units of
plants namely 2 units of plants located in Pati (Jalan Raya Pati – Juana Km.
2.3 and Jalan Kembang Joyo No, 100 of 5,000 square meters wide) while others
are respectively located at Jalan Boros No. 57, Cimahi, West Java of 3,000
square meters wide, Jalan Ir. Sutami Km. 12, South Lampung, Tanjung Bintang,
Lampung Province of 2,000 square meters wide and in Krikilan village Km. 28,
Driyorejo, Gresik, East Java. In January 2001, P.T. GPPJ obtained a license
issued by the Capital Investment Coordinating Board (BKPM) with its legal
status as Domestic Capital Investment (PMDN) company having been in operation
since 1995 dealing with snack food industry (flour coated & roasted peanuts,
biscuits and wafer). The plant is situated at the same place with P.T. BUMI
MEKAR TANI dealing with farming division.
The plant produces flour coated and roasted peanuts,
biscuits and wafer consisting of various kinds such as roasted peanuts (two kernels),
roasted peanuts (three kernels), flour coated peanuts (ingredients :salts,
tapioca flour, sugar, garlic, egg, onion) egg coated peanuts, hot coated
peanuts, honey coated peanuts with honey, honey coated peanuts with hot chili,
honey coated peanuts with coffee mocha, danza wafer stick with chocolate, danza
wafer stick with pandan, danza chocolate wafer cream, danza vanilla wafer
cream, dipstick danza gery, keffy jelly foods (keffy with nata de coco, keffy,
jumbo, trumpet). Besides having succeeded in operating the plant of unit III in
Lampung producing flour coating peanuts, the company operates the plant of unit
IV producing roasted peanut in Bandung, West Java in December 2000. The
construction of the above plants has absorbed in investment of Rp. 622.1
billion come from owned capital of Rp. 561.1 billion and the rest from loans.
The company is producing 12,500 tons of roasted peanuts, 15,000 tons of flour
coated peanuts and 1,200 of biscuit & wafer and 20,000 tons of onion chips
& snack respectively per annum.
The basic materials such as peanuts are largely supplied
by its sister company P.T. BUMI MEKAR TANI (farming division) from peanut
plantation in Solo, Tuban, Malang being business partners of P.T. GPPT.
Besides, the basic materials are also imported from India, Vietnam and New
Zealand. The peanuts as the basic materials are sorted using grading machine.
The sorted materials are not dried with drying machine from Europe instead of
being directly under the sun. The whole products of the company' use the
familiar brand namely Kacang Garuda. The local marketing and distribution of
the company’s products are handled by its sister company namely P.T. SINAR
NIAGA SEJAHTERA dealing with distribution of GARUDAFOOD Group’s products. The
products of P.T. GPPJ using the above popular brand have succeeded in
controlling about 65% of the domestic market. In terms of quality, the products
of P.T.GPPJ and the GARUDAFOOD Group have been accorded the ISO 9002
certificate by SGS, an international-class accreditation company. The above
certificate has given added value to the products of P.T. GPPJ and the
GARUDAFOOD Group in the export market.
About 15% of the company's and GARUDAFOOD Group's
production is exported to Australia, Singapore, Malaysia, Brunei, the Philippines,
Hong Kong, China, Saudi Arabia, Jordan, Libanon, the Netherlands, Canada and the USA.
The global economic crisis in October 2008 and the
extreme Rupiah depreciation to the US$ and other hard foreign currencies has
adversely affected P.T. GPPJ's operations for having pushed up drastically the
company's operational cost and the price of imported basic material. Meanwhile,
P.T. GPPJ is also active in investment holding by controlling about 70% of the
shares of P.T. DHARANAN INTI BOGA, a join venture with Mr. Jacob Oetama (30%)
of the KOMPAS GRAMEDIA Group engaged in manufacturing of flavored tea drinks;
50.8% shares of P.T. TRITEGUH MANUNGGAL SEJATI engaged in jelly food industry.
Besides, in 2011 P.T. GPPJ plans to cooperation with SUNTORY BEVERAGE &
FOOD LTD., of Japan by established a new company in Indonesia engaged in non
alcoholic beverages processing. In the joint ventures company P.T. GPPJ will
holds 49% meanwhile SUNTORY BEVERAGE & FOOD LTD of Japan holds 51%.
However, the new joint venture company has yet been established and under still
negotiation.
Generally we find that food industries in the country had
been growing by 10% to 12% per year within the last five years until 2012 in
line with the increasing income of the people and rising demand for export. The
long-term prospect of snack food, biscuit product, health drink is favorable.
However, the competition is very tight on account of many similar companies
operating in the country. The company has competitors not only from the local products
but also the imported ones. The long-term prospect of the company is favorable
once unstable economic condition starts recovery. Business position of P.T.
GPPJ remains quite well for it has controlled a wide export network and the
products have been widely known in the country.
Other Foods, in
Indonesia, 2005 – 2013
|
Year |
Bread (Ton) |
Biscuits (Ton) |
Snack (Ton) |
Others (Ton) |
|
2005 |
1,299,242 |
212,660 |
168,279 |
708,085 |
|
2006 |
1,352,755 |
232,377 |
175,484 |
735,804 |
|
2007 |
1,384,388 |
249,118 |
182,518 |
756,104 |
|
2008 |
1,372,420 |
238,225 |
176,902 |
738,884 |
|
2009 |
1,392,456 |
255,445 |
182,755 |
757,061 |
|
2010 |
1,503,852 |
275,881 |
197,375 |
817,626 |
|
2011 |
1,594,083 |
292,434 |
209,217 |
866,683 |
|
2012 |
1,689,728 |
309,980 |
221,770 |
918,684 |
|
2013 |
1,791,112 |
328,579 |
235,076 |
973,805 |
The long-term prospect of the marketing of snack food and
biscuit products is good in view of the large total Indonesian population. However,
the competition is very tight on account of many similar companies operating in
the country. Besides, the local products
have tight competition from imported products.
Until this time P.T. GPPJ has not been registered with
Indonesian Stock Exchange, so that they had not obliged to announce their
financial statement. The management of P.T. GPPJ 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. 2,310.0 billion
increased to Rp. 2,420.0 billion in 2013 rose to Rp. 2,518.0 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. 198.0 billion and the company has
an estimated total networth of at least Rp. 570.0 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.
LOCAL
COURTS & MEDIA CHECKS
|
a. Criminal Check
Based information from Jakarta
District Police that, P.T. GARUDAFOOD PUTRA PUTRI JAYA has never involved in
criminal report. Therefore there is no criminal report that registered on the
name of P.T. GARUDAFOOD PUTRA PUTRI JAYA.
b. Bankruptcy Check
We have observed to the Commercial
Court in Indonesia, there is no bankruptcy report that registered on the name
of P.T. GARUDAFOOD PUTRA PUTRI JAYA. No found nationwide for the previous
several years.
c. Litigation Checks
We had checked to the commercial
court, district court and high court in Jakarta, it is evident that P.T. GPPJ
has involved in dispute between P.T. DUA KELINCI concerning KATOM brand. The
Supreme Court was declared P.T. DUA KELINCI as the real owner KATOM brand.
d. Local Media Checks
We have checked several local media
such as, among others: Kompas, Bisnis Indonesia, Koran Tempo, Media Indonesia,
Republika, Koran Neraca, Merdeka, the Jakarta Post, Warta Ekonomi Magazine, SWA
Magazine and others. From the mentioned above media, there is no local media
reported article on P.T. GARUDAFOOD PUTRA PUTRI JAYA.
The management of P.T. GPPJ is headed
by Mr. Hardianto Atmadja (45) a professional manager with experienced in snack
food, biscuit, wafer and peanuts industry. Mr. Hardianto Atmadja serves as
Managing Director and Vice President of Commercials at PT. Garudafood Group.
Mr. Atmadja serves as Director of PT. Garudafood Group and served as
Commissioner of PT. Garudafood Group. However Mr. Sudhamek Agoeng Waspodo
Soenjoto, SE, SH (59), a top figure and CEO of the GARUDAFOOD or TUDUNG Group.
He graduated from the Christian University of Satya Wacana, Salatiga, Central
Java majoring in Economics and Law. Before entering the business, he used to be
a lecturer of the above university, an executive staff of P.T. GUDANG GARAM Tbk
and the President Director of P.T. TRIAS SENTOSA Tbk.
The management of the company is handled by experienced
professional mangers in snack food industry (coated peanuts) having wide
relation with overseas and national private businessmen as well as with the
government sectors. The company has been involved in controversial dispute with
P.T. DUA KELINCI concerning KATOM brand. The Supreme Court (Judge) decision
declared that P.T. DUA KELINCI is the real owner of the KATOM brand. P.T.
GARUDAFOOD PUTRA PUTRI JAYA is appraised to be good for business transaction.
List
of the TUDUNG or GARUDAFOOD Group Members
1.
AGUNGWIDJAJA SEJAHTERA, P.T. (Investment
Holding)
2.
BUMI MEKAR TANI, P.T. (Peanuts Plantation)
3.
BINA NIAGA MULTIUSAHA, P.T. (Rolling
Stainless Steel Sheet Industry)
4.
BPR TAYU DUTA PERSADA, P.T. (Retail Banking)
5.
DAIRYLAND INDONESIA, P.T. (Milk Processing
and Marketing)
6.
DHARMA AGUNG WIJAYA, P.T. (Investment Holding)
7.
DHARANA INTI BOGA, P.T. (Flavored Tea
Manufacturing)
8.
GARUDA BUMI PERKASA, P.T. (Oil Palm
Plantation and Crude Palm Oil Refinery)
9.
GARUDAFOOD SOLUSI INTI, P.T. (Event Organizer
Management)
10.
GARUDAFOOD PUTRA PUTRI JAYA, P.T. (Snack Food
Industry and Investment Holding)
11.
METRO DWIWIDJAJA, P.T. (Investment Holding)
12.
MITRA DANA WIJAYA, P.T. (Management Business
Consultan Services)
13.
NIRMALA TIRTA AGUNG, P.T. (Packaging
Services)
14.
POSNESIA STAINLESS STEEL, P.T. (Stainless
Steel Industry)
15.
SINAR NIAGA SEJAHTERA, P.T. (Trading and
Distribution of Snack and Food Products)
16.
SUNTORY GARUDA BEVERAGES, P.T. (Beverage
Processing)
17.
TRITEGUH MANUNGGAL SEJATI, P.T. (Jelly Food
Industry)
18.
TUDUNG PUTRA PUTRI JAYA, P.T. (Investment
Holding/Holding Company)
19.
Etc.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.97 |
|
|
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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.