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MIRA INFORM REPORT
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Report No. : |
485444 |
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Report Date : |
17.01.2018 |
IDENTIFICATION DETAILS
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Name : |
PT. BARA MANDIRI PERKASA |
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Registered Office : |
Jl. Bumi Mas Raya No.19 RT.002 , Kelurahan Pemurus Baru, Kecamatan Banjarmasin Selatan , Kota Banjarmasin 70249 |
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Country : |
Indonesia |
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Date of Incorporation : |
14.08.2008 |
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Legal Form : |
Private Limited Liability Company or Perseroan Terbatas (PT) |
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Line of Business : |
Mining of coal and lignite |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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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 (30.06.2017) |
Current Rating (30.09.2017) |
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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 less than 27 percent 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
IDENTIFICATION
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Company
Name
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PT.
Bara Mandiri Perkasa |
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Address |
Jl.
Bumi Mas Raya No.19 RT.002 |
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Telephone |
+625113250693
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Fax |
N.A.
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Mobile
Phone
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N.A.
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Email |
N.A. |
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Web |
N.A. |
PROFILE
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Address |
Jl.
Bumi Mas Raya No.19 RT.002 |
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Office
Building
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Date
of Establishment
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Start
Operation
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N.A.
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Legal
Status
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Private
Limited Liability Company or Perseroan Terbatas (PT) |
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Legalization
(historical)
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No.
AHU-84404.AH.01.01.Tahun 2008 |
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Government
Permit (s)
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Kementerian
Perdagangan |
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Significant
change
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PT. Bara
Mandiri Perkasa (the Company) was established on August 14, 2008 in
Banjarmasin, South Kalimantan, with the authorized capital of IDR 2,000
million, which was entirely issued and paid up by Mr. Muhtar (50.000%) and
Mr. Syamsuri (50.000%). On
September 27, 2017, the Company published a notarial act, with the
shareholder structures belong to Mr. Muhtar (99.000%) and Mr.
Muhlis (1.000%). |
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Capitalization
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SHAREHOLDERS
& MANAGEMENT
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Shareholders
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Total
No. of Shareholders: 2 |
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Name of Shareholders |
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Management
Board
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Name |
Mr.
Muhtar |
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Position |
Director
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Nationality
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Indonesian
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Supervisory
Board |
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Name |
Mr.
Muhlis |
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Position |
Commissioner
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Nationality
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Indonesian
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Management
Assessment |
The
management is deemed to have sufficient experience and industry expertise to
manage subject properly. |
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Authorized
Signatories |
Mr.
Muhtar as Director which must be approved by the shareholders meeting. |
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Affiliate
(s) / Associate (s) |
N.A.
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KEY
DATA ON OPERATIONS
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Registered
Activities
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SIC
Code 05 : Mining of coal and lignite |
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Number
of Employee |
N.A.
employees |
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Business
Category |
SIC
Code 05.1 : Mining of hard coal |
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Line
of Business |
SIC
Code 05.10 : Mining of hard coal |
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Product
& Capacity |
N.A.
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Status
of Investment |
Non-facilities
based Company |
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Sales
Territory
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Local
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00%
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International
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00%
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Main
Items Imported |
-
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-
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Main
Items Exported |
-
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-
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Major
Customers |
N.A.
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Major
Supplier |
N.A.
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Terms
of Payment |
Purchase
Payment |
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Activity
Comment |
Up
to the completion of this report, the telephone number of the Company at +625113250693
was not responding (no one answered the call). However, we did not find any
other telephone number of the Company. Since the Company is unreachable, we
made this report based on the legal information collected. PT.
Bara Mandiri Perkasa (the Company) is a non-facilities based company
engaged in the coal industry. The head office and registered address of the
Company are located in a commercial area in Banjarmasin, South Kalimantan,
precisely at Jl. Bumi Mas Raya No.19 RT.002, Kelurahan Pemurus Baru,
Kecamatan Banjarmasin Selatan, Banjarmasin 70249, Kalimantan
Selatan-Indonesia. We
also found another address of the Company at Jl. Pramuka No.1 RT.0037,
Kelurahan Pemurus Baru, Kecamatan Banjarmasin Selatan, Banjarmasin 70249,
Kalimantan Selatan-Indonesia, however, we cannot confirm this address. Based
on the information collected, the Company is engaged in the coal mining that
has a site at the address Desa Damit, Kecamatan Batu Ampar, Kabupaten Tanah
Laut 70882, Kalimantan Selatan-Indonesia with an area of 173,27 hectares. The
Company has a coal delivery quota amounted to 88,826 tons. However,
since the Company issued the latest notarial act in September 2017, we
believe the Company is still actively operating. However, like other mining
companies, the Company is difficult to contact because most of its activities
are on the mining site. At the time this report is written, this Company has
not been involved in any criminal or civil cases. This statement is based on
a result of search for cases conducted at the State Court in the district
where the Company was established and operates today. |
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BANKING
INFORMATION
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Banker
(s)
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N.A.
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Insurance
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N.A.
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BUSINESS
PROSPECTS
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Business
Prospects
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Despite
the increase in production, the price of Indonesia's main export commodities
such as coal and palm oil or CPO is predicted to still strengthen until 2018.
China is still the main business actor that drives up the price of coal.
Prices are likely to heat up as the country's economic growth expands. The
winter that occurred in December 2017 - March 2018 will increase the
consumption of coal. Therefore, coal prices are expected to stabilize at the
level of USD 80 per ton until the end of 2018. In
2018, coal prices are expected to remain stable in the range of USD 70 - USD
90 per ton. Nevertheless, there is the possibility of China's imports
decreasing due to increased production in the country, thus providing a
negative sentiment. |
FINANCIAL
STATEMENT
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Sales
Turn Over
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N.A.
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Total
Assets |
As
the Company is not a publicly listed company, we are unable to give a
detailed picture of the financial condition of the Company. |
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Other
Financial Data |
As
the Company is not a publicly listed company, we are unable to give a
detailed picture of the financial condition of the Company. |
CREDITWORTHINESS
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Management
Capability
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Adequate
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Business
Morality
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Adequate
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Payment
Manner
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Unknown |
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Financial
Condition
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Undetermined
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Operating
Trend
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Undetermined
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Conclusive
remarks
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Based
on the information shown above, we learned that the Company is engaged
in coal mining that has a site at the address Desa Damit, Kecamatan Batu
Ampar, Kabupaten Tanah Laut 70882, Kalimantan Selatan - Indonesia with an
area of 173.27 hectares. The Company has a delivery quota for coals amounted
to 88,826 tons. As
we learn, the coal mining industry continues to show an increase in this year
2018. Where the winter of December 2017-March 2018 is predicted will increase
coal consumption side. Therefore, coal price is estimated to be stable at USD
80 per ton level until the end of 2018. In 2018, coal price is estimated to
remain stable at around USD 70-USD 90 per ton. Therefore, we believe the
Company is still quite prospective. However,
because the Company is unreachable, so we can not show you the details
information about the Company, and conclude that the Company is at 'unknown risk'. For
security reason, we advise those wishing to make cooperation with and to
grant loans to the Company to ask for strong collaterals from the owners
and management. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.76 |
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UK Pound |
1 |
INR 89.91 |
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Euro |
1 |
INR 78.20 |
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IDR |
1 |
INR 0.0045 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
KET |
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.