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MIRA INFORM REPORT
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Report No. : |
487367 |
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Report Date : |
29.01.2018 |
IDENTIFICATION DETAILS
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Name : |
P.T. SURYA ATHA
SOLUSINDO |
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Registered Office : |
Talavera Office Park, C/o Marque Talavera Office Park 28th
Floor, Jalan T.B. Simatupang Kav. 22-26 Cilandak Barat, Cilandak Jakarta
Selatan, 12430 |
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Country : |
Indonesia |
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Date of Incorporation : |
24.03.2014 |
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Com. Reg. No.: |
AHU-09964.40.10.2014 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
General Trading,
Supply, Distribution, etc |
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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 : |
C |
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Credit Rating |
Explanation |
Rating Comments |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Yet to commence operation |
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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 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 |
Note
In absence of company financials, no credit limit could be recommended.
BASIC
SEARCH
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Name
of Company :
P.T.
SURYA ATHA SOLUSINDO
Address
:
Registered
Office
Talavera
Office Park
C/o
Marque Talavera Office Park 28th Floor
Jalan
T.B. Simatupang Kav. 22-26
Cilandak
Barat, Cilandak
Jakarta
Selatan, 12430
Indonesia
Phones -
(62-21) 7599 7999
Fax - (62-21) 7599 9998
E-mail - jusmi@suryathasolutions.co,id
jumantri@suryathasolutions.co.id
Building Area - 29 storey
Office Space - 20 sq. meters
Region - Commercial
Status - Rent
Date of Incorporation :
24
March 2014
Legal
Form :
P.T.
(Perseroan Terbatas) or Limited Liability Company
Company
Reg. No. :
The Ministry of Law and Human Rights
No.
AHU-09964.40.10.2014
Dated
22 May 2014
Company
Status :
National
Private Company
Permit
by the Government Department :
The Department of Finance
Not
Available
Related
Company :
None
CAPITAL
AND OWNERSHIP
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Capital
Structure :
Authorized
Capital : Rp.
700,000,000.-
Issued
Capital : Rp.
210,000,000.-
Paid
up Capital :
Rp. 210,000,000.-
Shareholders/Owners
:
a. Mr. Jumantri -
Rp. 147,000,000.-
Address : Jl. Assakinah Raya No. 1 A
Kelurahan Kebagusan, Kecamatan Pasar
Minggu, Jakarta Selatan, 12520, Indonesia
b. Mrs. Apriweni -
Rp. 42,000,000.-
Address :
Jl. Assakinah Raya No. 1 A
Kelurahan Kebagusan, Kecamatan Pasar
Minggu, Jakarta Selatan, 12520, Indonesia
c. Mrs. Jusmiharta -
Rp. 21,000,000.-
Address :
Jl. Assakinah Raya No. 1 A
Kelurahan Kebagusan, Kecamatan Pasar
Minggu, Jakarta Selatan, 12520, Indonesia
BUSINESS
ACTIVITIES
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Lines of Business :
General Trading,
Supply, Distribution, etc
Production Capacity :
None
Total Investment :
None
Started Operation :
Has yet commenced
operation
Brand Name :
Surya Atha Solusindo
Technical Assistance
:
None
Number of Employee :
None
Marketing Area :
Local - 100%
Main Customer :
No Comment
Market Situation :
No Comment
Main Competitors :
No Comment
Business Trend :
No Comment
BANKER,
AUDITOR & LITIGATION
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B
a n k e r :
Unknown
Auditor
:
Internal
Auditor
Litigation
:
No
litigation record in our database
FINANCIAL
FIGURE
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Annual
Sales (estimated) :
None
Net
Profit (estimated) :
None
Payment
Manner :
No
Comment
Financial
Comments :
Weak
KEY
EXECUTIVES
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Board of Management :
Director -
Mr. Jumantri
Board of Commissioners :
President Commissioner - Mrs. Apriweni
Commissioners - Mrs. Jusmiharta
Signatories :
Director
(Mr. Jumantri) which must be approved by Board of Commissioner
CAPABILITIES
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Management Capability :
Prudent
Business Morality :
Doubtful
Maximum Credit Limit :
No
Comment
OVERALL
PERFORMANCE
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Based on search and investigation through address
Talavera Office Park 28th Floor, Jalan T.B. Simatupang Kav. 22-26,
Cilandak Barat, Cilandak, South Jakarta, the Subject has yet been enrolled as
well as Telkom information. Besides we has check through Marque Talavera Office
Park explained the Subject is only listed as a
tenant, but only use the meeting room facilities to receive guests. Besides,
Mr. Jumantri and his wife Mrs. Jusmiharta rarely come to visit or receive
guests. The Marque Office added that they did not have a telephone number and a
full Subject’s address.
P.T. SURYA ATHA
SOLUSINDO (P.T. SAS) was established in Jakarta based on notary deed Mr.
Bliamto Silitonga, SH., no. 24 dated 24 March 2014 with an authorized capital
of Rp. 700,000,000 issued capital of Rp. 210,000,000 entirely paid up. The
founding shareholders of the company are Mr. Jumantri (70%) his business
partner Mrs. Apriweni (20%) and his wife Mrs. Jusmiharta (10%) they all are
indigenous business family. 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-09964.40.10.2014 dated May 22, 2014.
P.T. SAS is a national
private company planned its activity to deal with general trading, supply,
distribution, etc. According information from Marque Office explained the
company registered as general trading and supplier. Besides, to achieve the aforementioned objectives the
Company can carry out activities business, conducting business in the field of
trade, which includes import trade, export, local and inter island and become
grocery, supplier / supplier, distributor, agent and retailers of all kinds of
things that can be done, both for calculations itself or on the account of
another party, by way of a mandate or commission; and engaged in the field of
services, including seeking the acquisition of business opportunities and make
investments (including but not limited to granting financial facilities and
other facilities for third parties), except legal and tax services. We did not
know of the activities and real business developments of P.T. SAS because it
can-not be contacted to dig up information clearly.
We refrain from informing business prospect of P.T. SAS
because of having yet found the complete address up to present. In view of
having yet to be unknown the complete address, the company’s financial
condition is as much as the company’s issued capital worth Rp. 210,000,000. We
find that the company’s financial condition still depends on the financial
condition of its shareholders being supported by the businessmen behind it.
Based to the company notary deed, the management of P.T.
SAS is led by Mr. Jumantri (48) as director, Mrs. Apriweni (38) as president
commissioner and Mrs. Jusmiharta (43) as commissioner. The management will
eventually be handled by professional managers having wide relation with
overseas and national private businessmen as well as with the government
sectors. In view of P.T. SURYA ATHA SOLUSINDO having yet to be unknown the
complete address, we recommend that a high degree of prudence be observed in
business transactions and adequate collateral from its shareholders be acquired
in extending a new loan to the company.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.50 |
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1 |
INR 90.92 |
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Euro |
1 |
INR 79.07 |
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IDR |
1 |
INR 0.0051 |
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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NIY |
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Report Prepared
by : |
TPT |
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.