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MIRA
INFORM REPORT
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Report No. : |
503956 |
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Report Date : |
17.04.2018 |
IDENTIFICATION DETAILS
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Name : |
P.T. INDO BISNIS INTERNASIONAL |
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Registered Office : |
Komplek Jakarta Distribution Centre Jl.
Kapuk Kamal Raya No. 40, Blok E/1, R.001/RW.002, Kamal Muara sub-district,
Penjaringan district, Jakarta Utara, DKI Jakarta |
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Country : |
Indonesia |
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Date of Incorporation : |
19.05.2017 |
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Com. Reg. No.: |
AHU-AH.01.03-0131450 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading, Development, Industry,
Transportation, Workshop Repair and Services |
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No. of Employees : |
4 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
INDONESIA - ECONOMIC
OVERVIEW
Indonesia, the largest economy in Southeast Asia, 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. Indonesia’s annual budget deficit is capped at 3% of GDP, and the Government of Indonesia lowered its debt-to-GDP ratio from a peak of 100% shortly after the Asian financial crisis in 1999 to 33% today. While Fitch and Moody's Investors upgraded Indonesia's credit rating to investment grade in December 2011, Standard & Poor’s has yet to raise Indonesia’s rating to this status amid several constraints to foreign direct investment in the country, such as a high level of protectionism.
Indonesia still struggles with poverty and unemployment, inadequate infrastructure, corruption, a complex regulatory environment, and unequal resource distribution among its regions. President Joko WIDODO - elected in July 2014 – seeks to develop Indonesia’s maritime resources and pursue other infrastructure development, including significantly increasing its electrical power generation capacity. Fuel subsidies were significantly reduced in early 2015, a move which has helped the government redirect its spending to 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 has not yet materialized.
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Source
: CIA |
Company summery
Name of Company :
P.T. INDO BISNIS INTERNASIONAL
Address :
Head Office
Komplek
Jakarta Distribution Centre
Jl.
Kapuk Kamal Raya No. 40, Blok E/1, R.001/RW.002,
Kamal
Muara sub-district, Penjaringan district,
Jakarta
Utara, DKI Jakarta
Indonesia
Phones - (62-21) Not available
Fax -
(62-21) Not available
Building
Area - 4 storey
Office
Space - 240 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation :
19
May 2017
Legal Form :
P.T.
(Perseroan Terbatas) or Limited Liability Company
Company Reg. No. :
The Ministry of Laws and
Human Rights
a.
No. AHU-0025711.AH.01.01.Tahun 2017
Dated 06 June 2017
b.
No. AHU-AH.01.03-0131450
Dated 03 April 2018
Company Status :
National
Private Company
Permit by the Government
Department :
The Department of Finance
NPWP No. 82.366.591.5-047.000
Related/Affiliated Company :
Not
available
CAPITAL AND OWNERSHIP
Capital Structure :
Authorized Capital -
Rp. 2,000,000,000.-
Issued Capital - Rp. 800,000,000.-
Paid up Capital - Rp. 800,000,000.-
Shareholders/Owners :
a. Mr. Tji Kok Sutrisno -
Rp. 280,000,000.- (35%)
Address : Jl. Pluit Raya Selatan, Central
Business District Pluit
Blok C No.20
North Jakarta
b. Mrs. Suwarty - Rp. 280,000,000.- (35%)
Address : Jl. Merdeka No. 333-G
Kebalen, Babelan, Bekasi
West Java
c. Mrs. Rinda -
Rp. 80,000,000.- (10%)
Address : Jl. Pulau rupat LK IX, Belawan
Belawan, Medan
North Sumatra
d. Mrs. Haniwaty Sutrisno - Rp. 80,000,000.- (10%)
Address : Kav. Polisi Republik Indonesia
Blok F I/1445-A, Jagakarsa
South Jakarta
e. Mrs. M e l y -
Rp. 80,000,000.- (10%)
Address : Jl. Jemadi Komplek Jemadi Permai
I No.7
Jemadi Permai, Medan
North Sumatra
BUSINESS ACTIVITIES
Lines of Business :
Trading, Development, Industry, Transportation,
Workshop Repair and Services
Production Capacity :
None
Total Investment :
None
Started Operation :
January 2018
Brand Name :
INDO BISNIS INTERNASIONAL
Technical Assistance :
None
Number of Employee :
4 persons
Marketing Area :
Domestic - 100%
Market Situation :
Very Competitive
Business Trend :
Growing
BANKER, AUDITOR & LITIGATION
Banker :
Not available
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
FINANCIAL FIGURE
Annual Sales/Revenues :
No
Comment
Net Profit (Loss) :
No
Comment
Payment Manner :
Unknown
Financial Comments :
No
Comment
KEY EXECUTIVES
Board of Management :
Director -
Mrs. Rinda
Board of Commissioners :
President Commissioner -
Mrs. Suwarty
Commissioners - a. Mr. Tji Kok
Sutrisno
b. Mrs.
Haniwaty Sutrisno
c. Mrs. Mely
Signatories :
Director (Mrs. Rinda) which must be approved by Board
of Commissioners (Mrs. Suwarty, Mrs. Haniwaty Sutrisno, Mrs. Mely and Mr. Tji
Kok Sutrisno)
CAPABILITIES
Management Capability :
No Comment
Business Morality :
Fairly
OVERALL PERFORMANCE
P.T. INDO BISNIS INTERNATIONAL (P.T. IBI) was established in
Jakarta, based on Notary Deed of Sakti Lo, SH., No. 83 dated May 19, 2017 with
an authorized capital of Rp. 2,000,000,000.- of which Rp. 800,000,000.- was
issued and fully paid up. The founding shareholders of the company are Mr. Tji
Kok Sutrisno (35%), Mrs. Suwarty (35%), Mrs. Rinda (10%), Mrs. Haniwaty
Sutrisno (10%) and Mrs. Mely (10%). The
Deed of establishment was approved by the Minister of Law and Human Rights
through its Decree No. AHU-0025711.AH.01.01.Tahun 2017 dated June 06,
2017. In April 2018, based on notary
Deed No. 01 dated April 02, 2018 drawn up by Notary Sakti Lo, SH., concerning notification of the amendment of Article 12 of the Articles of
Association of the Board of Directors and Summon of the Meeting of the Board of
Directors.
This amendment to Deed has been approved by the Minister of Law
and Human Rights of the Republic of Indonesia through its Decree No.
AHU-AH.01.03-0131450 dated April 03, 2018. Since then, no changes have been
effected in term of its shareholding composition and capital structure to date.
In accordance with article 3 (three) of the articles of
association contained in the deed of establishment, the scope of activities of
the Company is primarily in trading, development, industry, transportation,
workshop and services. To achieve the
objectives mentioned above, the company can carry out the following activities:
a. Trade:
Export- import, acting as an agent, supplier and distributor of
mechanical and electrical, commission house and agent in the field; real estate
and property, automotive and motorcycle, computer and electronic, communication
equipment, fuels, garment, agribusiness, sport equipment, recreation and safety
equipment.
b. Development, include;
Contractors, planning , implementing and supervisors in terms of
development ; building and construction, bridges, roads, irrigation
(irrigation), dams, landscaping, field, market, shops, docks, airfields,
housing area (real estate), office building, plumbing, industrial and land
acquisition.
c. Industry, including industry;
Technical and Mechanical, Electric Equipment, Garment, Woodworking
and furniture, home appliances, papers, chemicals, automotive components,
building materials, metal processing, steel and aluminum, car body, packaging
and container.
d. Transportation, include;
Land
transportation (pipeline), Freight forwarding and warehousing, Freight
transport of goods, mining and petroleum transportation.
e.
Workshop, include;
Maintenance
and repair of motor vehicles, Showrooms, installation and sale of car
accessories, maintenance and repair of heavy equipment, motor vehicle painting,
provision of spare parts of heavy equipment.
f.
Services include;
Consulting
services in business, management and administration, services, leasing of motor
vehicles, services of computer, hardware and peripherals, engineering
consulting services, telecommunications
services general, data processing services, installation services and
maintenance of computer, services, construction, telecommunication services,
training services and labor skills, and others.
The domicile of the company:
Pursuant to Notary Deed, the Company’s registered office located
at Komplek Jakarta Distribution Centre, Jl. Kapuk Kamal Raya No. 40, Blok E/1,
RT.001/RW.002, Kamal Muara sub-district, Penjaringan district, North Jakarta
and the company can open branch offices or representative offices at home and
abroad. The Company has been in
operation since January 2018. We
observed that P.T. IBI is still relatively new company in the business.
In overall we find the demand for trading, development, industry,
transportation, workshop and services had been rising by the average 6% to 8%
per year within the last five years. The
solid and steady domestic economy, Indonesia with the rising of Country Rating
to Investment Grade, and also supported by Indonesia’s economic indicators such
as inflation, exchange rates and interest rates are expected to encourage the
business sectors.
Macroeconomic indicators from China showed downward trend. In contrary, macroeconomic indicators of the
US and India showed improvement. Both of
these indicated continued uncertainties. The global economic crisis
that accompanied the decline of the Indonesian Rupiah (IDR) against the US
Dollar in the past two months, resulting in Indonesian people's purchasing
power declined sharply. The value of the Rupiah from Rp. 11,800.- per US dollar
at the end of 2014, has now slumped to Rp. 13.700 per US Dollar.
Table of Indonesian
Economic Indicators from 2012 to 2016
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Indonesian
Economic Indicators |
2012 |
2013 |
2014 |
2015 |
2016 |
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Gross Domestic Product
(PDB) |
6.0 |
5.6 |
5.0 |
4.8 |
5.0 |
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Consumer Price Index |
4.3 |
8.4 |
8.4 |
3.4 |
3.2 |
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Government Debt |
27.3 |
28.7 |
24.7 |
27.0 |
26.5 |
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Exchange Rate (IDR/USD) |
9,419 |
11,563 |
11,800 |
13,400 |
13,300 |
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Current Account Balance |
-2.8 |
-3.3 |
-3.1 |
-2.1 |
-2.1 |
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Population (in millions) |
247 |
250 |
253 |
255 |
258 |
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Poverty (percentage of population) |
11.7 |
11.5 |
11.0 |
11.1 |
10.9 |
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Unemployment (percentage of workforce) |
6.1 |
6.3 |
5.9 |
6.2 |
5.6 |
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Reserves (in billion USD) |
112.8 |
99.4 |
111.9 |
105.9 |
111.4 |
The financial condition of the company is appraised to be less
strong and its financial condition at present is as the paid up capital of Rp.
800,000,000 as stated in the articles of association of the company. The
financial condition of the company still depends on the financial condition of
its shareholders. The management of P.T.
IBI is very reclusive towards outsiders and rejected to disclose its financial
condition. So far, we did not heard that the company having been black listed
by the Central Bank (Bank Indonesia).
The management of P.T. IBI is led by Mrs. rinda (35) as director
and CEO of the company. In his daily activities,
he is assisted by Mrs. Suwarty (46) as president commissioner and three
commissioners namely Mr. Tji Kok Sutrisno (18, Mrs. Haniwaty Sutrisno (42) and
Mrs. Mely (47). We don’t know much about
his reputation in the business. 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.
Since this company (P.T.
IBI) just about four months in operation commercially, so we recommend caution
when going to provide fresh loans to them. Or it
should obtain sufficient guarantees of all shareholders.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.45 |
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1 |
INR 93.28 |
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Euro |
1 |
INR 80.74 |
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IDR |
1 |
INR 0.0048 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VAR |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.