MIRA INFORM REPORT

 

 

Report No. :

493872

Report Date :

05.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

PT. KHARISMA PEMASARAN BERSAMA NUSANTARA

 

 

Registered Office :

Jl. taman cut mutiah no. 11 , kelurahan cikini, kecamatan menteng , kota jakarta pusat 10330 , dki jakarta - indonesia

 

 

Country :

Indonesia

 

 

Date of Incorporation :

16.011.2009

 

 

Legal Form :

Private Limited Liability Company or Perseroan Terbatas (PT)

 

 

Line of Business :

·         Wholesale of sugar and chocolate and sugar confectionery

·         Wholesale of coffee, tea, cocoa and spices

·         Wholesale of other food, including fish, crustaceans and molluscs

·         Activities of holding companies

 

 

No. of Employees :

149

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Good

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Indonesia

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

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.

 

 

Source : CIA

 

 

 COMPANY SUMMERY  

 

Company Name

PT. Kharisma Pemasaran Bersama Nusantara

 

Address

Jl. Taman Cut Mutiah No. 11
Kelurahan Cikini, Kecamatan Menteng
Kota Jakarta Pusat 10330
DKI Jakarta - Indonesia

 

 

Telephone

+62213907554, +62213106685

Fax

+622131935091

Mobile Phone

N.A.

 

 

Email

kanpus@kpbn.co.id
cabangmedan@kpbn.co.id

Web

www.kpbn.co.id

 

 

 PROFILE

 

Address

Jl. Taman Cut Mutiah No. 11
Kelurahan Cikini, Kecamatan Menteng
Kota Jakarta Pusat 10330
DKI Jakarta - Indonesia

 

 

Office Building

a.

Area - Commercial

b.

Status - Owned

 

 

Date of Establishment

- 

16 November 2009

 

 

Start Operation

2009

 

 

Legal Status

Private Limited Liability Company or Perseroan Terbatas (PT)

 

 

Legalization (historical)

No. AHU-60488.AH.01.01.Tahun 2009
Dated, 11 December 2009

No. AHU-16637.AH.01.02.Tahun 2012
Dated, 30 March 2012

No. AHU-AH.01.10-03823
Dated, 10 February 2014

 

 

Government Permit (s)

Direktorat Jenderal Pajak
NPWP - 21.138.651.1-071.000

 

 

Significant change

PT. Kharisma Pemasaran Bersama Nusantara (the Company) was established in Jakarta on November 16, 2009 with the authorized capital of IDR 60,000 million, issued and paid up capital of IDR 15,000 million. Meanwhile, structures of shareholders were PT. Perkebunan Nusantara (persero) I (6.67%), PT. Perkebunan Nusantara (persero) II (6.67%), PT. Perkebunan Nusantara (persero) III (6.67%), PT. Perkebunan Nusantara (persero) IV (6.67%), PT. Perkebunan Nusantara (persero) V (6.67%), PT. Perkebunan Nusantara (persero) VI (6.67%), PT. Perkebunan Nusantara (persero) VII (6.67%), PT. Perkebunan Nusantara (persero) VIII (6.67%), PT. Perkebunan Nusantara (persero) IX (6.67%), others (39.97).

On January 17, 2014, the authorized capital increased to IDR 200,000 million, issued and paid up capital at IDR 96,376 million. Meanwhile, structures of shareholders were PT. Perkebunan Nusantara (persero) I (8.234%), PT. Perkebunan Nusantara (persero) II (8.234%), PT. Perkebunan Nusantara (persero) III (8.234%), PT. Perkebunan Nusantara (persero) IV (8.234%), PT. Perkebunan Nusantara (persero) V (8.234%), PT. Perkebunan Nusantara (persero) VI (8.234%), PT. Perkebunan Nusantara (persero) VII (8.234%), PT. Perkebunan Nusantara (persero) VIII (8.234%), PT. Perkebunan Nusantara (persero) IX (8.234%), others (25.897%).

As far as we know, there has been no change in the Company’s notarial act as published by the Ministry of Justice.

 

 

Capitalization

     -    Authorized Capital
     -    Issued Capital
     -    Paid Up Capital



IDR 200,000,000,000
IDR 96,376,000,000
IDR 96,376,000,000

 

 

 SHAREHOLDERS & MANAGEMENT

 

Shareholders

Total No. of Shareholders: 10
Shareholders as 10 February 2014
Total Shareholding private – 83,608 shares

 

Name of Shareholders

- 

PT. Perkebunan Nusantara (Persero) I
(6,884 shares) - 8.234 %

- 

PT. Perkebunan Nusantara (Persero) II
(6,884 shares) - 8.234 %

- 

PT. Perkebunan Nusantara (Persero) III
(6,884 shares) - 8.234 %

- 

PT. Perkebunan Nusantara (Persero) IV
(6,884 shares) - 8.234 %

- 

PT. Perkebunan Nusantara (Persero) V
(6,884 shares) - 8.234 %

- 

PT. Perkebunan Nusantara (Persero) VI
(6,884 shares) - 8.234 %

- 

PT. Perkebunan Nusantara (Persero) VII
(6,884 shares) - 8.234 %

- 

PT. Perkebunan Nusantara VIII
(6,884 shares) - 8.234 %

- 

PT. Perkebunan Nusantara (Persero) IX
(6,884 shares) - 8.234 %

- 

Others
(21,652 shares) - 25.897 %

 

 

Management Board

 

 

Name

Mr. Iman Bimantara Mumin

 

 

Position

President Director

 

 

Nationality

Indonesian

 

 

Name

Mr. Ery Erwin Effendi

 

 

Position

Director

 

 

Nationality

Indonesian

 

 

Supervisory Board

 

 

Name

Mr. Nurhidayat

 

 

Position

President Commissioner

 

 

 

 

Nationality

Indonesian

 

 

Name

Mr. Bambang Murtioso

 

 

Position

Commissioner

 

 

Nationality

Indonesian

 

 

Name

Mr. Berlino Mahendra Sentosa

 

 

Position

Commissioner

 

 

Nationality

Indonesian

 

 

Management Assessment

The management is deemed to have sufficient experience and industry expertise to manage subject properly.

 

 

Authorized Signatories

Mr. Iman Bimantara Mumin as President Director and Mr. Ery Erwin Effendi which must be approved by shareholders meeting.

 

 

Affiliate (s) / Associate (s)

  - 

PT. Perkebunan Nusantara XIII
(Growing of oleaginous fruits; Growing of other perennial crops; Manufacture of oils and fats; Manufacture of synthetic rubber in primary forms; Activities of holding companies; Hospital activities)

  - 

PT. Perkebunan Nusantara XII
(Plantation Company)

  - 

PT. Perkebunan Nusantara XI
(Plantation)

  - 

PT. Perkebunan Nusantara V (Persero)
(Plantation)

  - 

PT. Perkebunan Nusantara X
(Plantation)

  - 

PT. Perkebunan Nusantara VIII
(Growing of other perennial crops)

  - 

PT. Perkebunan Nusantara XX
(Plantation)

  - 

PT. Kharisma Pemasaran Bersama Nusantara Logistik
(Cargo handling for land transport activities of division 49)

 

 

 KEY DATA ON OPERATIONS

 

Registered Activities

SIC Code 46 : Wholesale trade, except of motor vehicles and motorcycles
SIC Code 64 : Financial service activities, except insurance and pension funding

 

 

Employee

Per 2016
150

Per 2017
150

Per 2018
149

 

 

Business Category

SIC Code 46.3 : Wholesale of food, beverages and tobacco
SIC Code 64.2 : Activities of holding companies

 

 

Line of Business

SIC Code 46.36 : Wholesale of sugar and chocolate and sugar confectionery
SIC Code 46.37 : Wholesale of coffee, tea, cocoa and spices
SIC Code 46.38 : Wholesale of other food, including fish, crustaceans and molluscs
SIC Code 64.20 : Activities of holding companies

 

 

Product & Capacity

N.A.

 

 

Status of Investment

Non-facilities based Company

 

 

 

Sales Territory

Local

60%

 

 

 

 

International

40%

 

 

 

 

 

Main Items Imported
And Country Origin

-

-

 

 

 

Main Items Exported
and Country Destination

Agriculture Product
Agriculture Product

USA
Singapore

 

 

Major Customers

  - 

Rcma Americas Inc

  - 

PT. Wilmar Nabati Indonesia

  - 

PT. Multimas Nabati Asahan

  - 

PT. Intibenua Perkasatama

  - 

PT. Musim Mas

  - 

PT. Unilever Indonesia Tbk

  - 

Golden Oil Trad Pte. Ltd., of Singapore

  - 

PT. Sinar Mas Agro Resource and Technology Tbk (SMART)

 

 

 

 

Major Supplier

  - 

PT. Perkebunan Nusantara V (Persero)

  - 

PT. Perkebunan Nusantara X

  - 

PT. Perkebunan Nusantara VIII

  - 

PT. Perkebunan Nusantara XII

 

 

Terms of Payment

Purchase Payment
Domestic: Telegraphic Transfer (T.T) in Advance or Based on Agreement;
Overseas: N.A.

Sale Terms
Domestic: Telegraphic Transfer (T.T) in Advance or Based on Agreement;
Overseas: Telegraphic Transfer (T.T) and Letter of Credit (L/C);

 

 

Activity Comment

PT. Kharisma Pemasaran Bersama Nusantara (the Company) is a non-facilities based company that is engaged in trading and as the holding company. The Company started the operation in 2009. Head office and registered address of the Company are located at Jl. Taman Cut Mutiah No. 11, Kelurahan Cikini, Kecamatan Menteng, Kota Jakarta Pusat, 10330, DKI Jakarta, Indonesia. We believe the location is leased from other parties.

The Company is a subsidiary of PT. Perkebunan Nusantara I - XIV and PT. Rajawali Nusantara Indonesia (PT. RNI) engaged in the marketing of agro-industry commodities PTPN I - PTPN XIV and PT. RNI. The main commodities managed and marketed by the Company include Palm Oil, Rubber, Latex, Tea, Coffee, Chocolate, Sugar Drops, and other commodities. However, since 2017, the Company has focused on selling tea products in international markets.

The Company is also listed as having a subsidiary, namely PT. Kharisma Pemasaran Bersama Nusantara Logistik, established in 2016. The Company recorded a share of 6.219 shares or 99.504%.

Meanwhile, the Company has 60% market share for domestic market and 40% for overseas market such as to USA and Singapore, which are Rcma Americas Inc and Golden Oil Trad Pte. Ltd., of Singapore. Meanwhile, the Company's customers come from domestic such as PT. Wilmar Nabati Indonesia, PT. Multimas Nabati Asahan, PT. Intibenua Perkasatama, PT. Musim Mas, PT. Sinar Mas Agro Resources and Technology Tbk, and PT. Unilever Indonesia.

To facilitate and accelerate the delivery of products, the Company cooperates with one of the major shipping companies in Indonesia, namely PT. Pelayaran Nasional Indonesia (PELNI).

In 2017, the Company has signed a memorandum of tea purchase agreement with PT. Unilever Indonesia Tbk and PT. Karya Mas Makmur. With a purchase volume of 710 tons worth approximately IDR 12 billion. The agreement lasts for two months of purchase and there is a renewal option at the end of the deal.

Meanwhile, the Company was targeting a profit of IDR 16.7 billion by the end of 2017. This is because the Company's profit until November has reached IDR 14.7 billion. That number nearly fourfold compared to 2016. The Company's profit in 2016 reached IDR 4.6 billion. While in 2018, the Company targets earnings above IDR 20 billion.

Based on the collected information, the Company's annual tea sales averaged 42,000 tons with a transaction value of IDR 890 billion. The Company's tea sales volume has contributed 60% of total national tea consumption.

In 2017, the Company focused on export tea markets to countries where Indonesian tea has triumphed as Russia, Pakistan, America, Germany, Britain and Poland. In 2016, tea sales volume marketed by the Company amounted to 36,000 tons.

In 2018, the Company targets total tea sales of 52,000 tons, up 20.64% from the actual sales of 2017 of 43,101 tons. The Company estimates that tea export will reach 17,457 tons or 33% of its sales target in 2018.

The Company will make innovations in 2018 to develop a tender electronic mechanism. In addition, the Company will serve the sale at night which has been started in September 2017, especially for buyers of the Company located in the European region.

Meanwhile, the Company targets the export of tea products to reach up to 50% of total sales in 2019-2020.

Currently, the Company is supported by 149 employees.

 

 

Litigation

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 a search for cases conducted at the State Court in the district where the Company was established and operates today.

 

 

 BANKING INFORMATION

 

 

 

Banker (s)

- 

PT. Bank Negara Indonesia (Persero) Tbk

- 

PT. Bank Mandiri (Persero) Tbk

- 

PT. Bank Rakyat Indonesia (Persero) Tbk

 

 

Insurance

- 

Badan Penyelenggara Jaminan Sosial (BPJS)

 

 

 BUSINESS PROSPECTS

 

 

 

Business Prospects

Export performance is expected to grow by 5.1% in 2018. The government will drive up the export performance by developing a new potential market, increase the role of export-oriented small-middle entrepreneurs, and promotion of tourism destination places in the country. It will also increase the competitiveness and productivity of the local products continuously, through infrastructure, education, and training.

Meanwhile, the import will be focused only on stabilization and meet the priority needs such as infrastructure and foods projects, while strengthening the local production.

According to the Ministry of Trade, this political year 2018 should not worry the players in the trading sector. In fact, the transaction in the trading sector will be even increasing in this year 2018, following the realization of local general elections in many regions of the country.

The success of the government in controlling the inflation rate to 3.61% or lower in 2017 can become a basis for the country in encouraging the trading activity in 2018.

Based on data shown above, we believe that trading sector has a good prospect.

 

 

 FINANCIAL STATEMENT

 

Sales Turn Over

2015 - IDR 778,960,000,000 (Estimated)
2016 - IDR 840,921,021,000 (Estimated)
2017 - IDR 890,591,201,000 (Estimated)

 

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.

 

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

 

Management Capability

Adequate

 

 

Business Morality

Adequate

 

 

Payment Manner

No Complaints

 

 

Financial Condition

Sound

 

 

Operating Trend

Up

 

 

Conclusive remarks

Based on the information shown above, we learned that the Company is engaged in trading. And it started operation in 2009. The Company provides various commodities product and has a market in domestic and overseas.

We learned that the Company is a subsidiary of PT. Perkebunan Nusantara I - XIV and PT. Rajawali Nusantara Indonesia (PT. RNI) which is engaged in the marketing of agro-industrial commodity of PTPN I - PTPN XIV and PT. RNI.

Operationally, the Company's operational performance was still satisfactory until 2017. The Company is still focusing on increasing its export capacity in 2018 as the Ministry of Industry targets to increase export capacity by 5.1% in 2018 to increase the foreign exchange reserves of Indonesia. In addition, the Company is fully supported by its parent company, that is a state-owned company. Therefore, we provide the credit rating at 'Medium to Low Risk'.

Nevertheless, for security reasons, we advise those wishing to corporate with or grant loans to this Company to keep asking for adequate collateral from shareholders.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.10

UK Pound

1

INR 94.44

Euro

1

INR 79.59

IDR

1

INR 0.0047

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

Report Prepared by :

KET

                                                


 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.