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MIRA
INFORM REPORT
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Report No. : |
492097 |
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Report Date : |
24.03.2018 |
IDENTIFICATION DETAILS
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Name : |
PT. ARMASINDO GLOBAL SINERGI |
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Registered Office : |
Jl. Jati Kramat Kav. 1, RT. 01, RW. 012 ,Kelurahan Jati Mekar, Kecamatan Jatiasih Kota Bekasi 17422 Jawa Barat |
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Country : |
Indonesia |
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Date of Incorporation : |
11.09.2017 |
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Legal Form : |
Private Limited
Liability Company or Perseroan Terbatas |
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Line of Business : |
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Wholesale
of other machinery, equipment and supplies ·
Wholesale
trade, except of motor vehicles and motorcycles ·
Private
Limited Liability Company or Perseroan Terbatas |
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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 : |
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 IDENTIFICATION
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Company Name |
PT. Armasindo Global Sinergi |
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Address |
Jl. Jati Kramat Kav. 1, RT.
01, RW. 012 |
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Telephone |
N.A. |
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Fax |
N.A. |
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Mobile Phone |
N.A. |
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N.A. |
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Web |
N.A. |
PROFILE |
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Address |
Jl. Jati Kramat Kav. 1, RT.
01, RW. 012 |
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Office Building |
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Date of Establishment |
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Start Operation |
N.A. |
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Legal Status |
Private Limited Liability Company or Perseroan Terbatas (PT) |
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Legalization (historical) |
No.
AHU-0040522.AH.01.01.Tahun 2017 |
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Government Permit (s) |
Direktorat Jenderal Pajak |
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Significant change |
PT.
Armasindo Global Sinergi (the Company) was established on September 11, 2017
in Kota Bekasi - West Java with the authorized capital of IDR 2,400 million,
with issued and paid up capital of IDR 600 million. The structure of
shareholder were Mr. Bob Dovy Malano (20.000%), Mr. Muhammad Aras (20.000%),
Mr. Rudi Hartono Intan (20.000%), and Mr. Sujatmo Gozali (40.000%). As
far as we know, there has been no more change in the Company’s notarial act
as published by the Ministry of Justice. |
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Capitalization |
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SHAREHOLDERS & MANAGEMENT
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Shareholders |
Total No. of Shareholders: 4 |
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Name of Shareholders |
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Management Board |
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Name |
Mr. Sujatmo Gozali |
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Position |
Director |
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Nationality |
Indonesian |
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Supervisory Board |
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Name |
Mr. Bob Dovy Malano |
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Position |
Commissioner |
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Nationality |
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. Sujatmo Gozali as Director of the Company which must be approved by shareholder meeting. |
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Affiliate (s) / Associate (s) |
N.A. |
KEY DATA ON OPERATIONS
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Registered Activities |
SIC Code 46 : Wholesale trade, except of motor vehicles and motorcycles |
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Employee |
N.A.
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Business Category |
SIC Code 46.6 : Wholesale of other machinery, equipment and supplies |
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Line of Business |
SIC Code 46.69 : Wholesale of other machinery and equipment |
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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 |
Local |
00% |
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International |
00% |
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Main Items Imported |
- |
- |
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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 |
For information, we can not find the contact number of the Company at any source. However, based on the address of the director, there is a registered telephone number at +62216297212, but the number is connected to the director's grandmother's house. After we contacted the phone number, we received the phone number of the director at +6281195851, but after we contacted it, the number is not registered. So this report is based on information from legality and another source. PT. Armasindo Global Sinergi (the Company) is a non-facilities based company that is located at Jl. Jati Kramat Kav. 1, RT. 01, RW. 012, Kelurahan Jati Mekar, Kecamatan Jatiasih, Kota Bekasi 17422, Jawa Barat - Indonesia. We could not make sure that the location is the head office of the Company, but, we could make sure that the location is the registered address of the Company. Based on the collected information, the Company is engaged in the wholesale of electrical and electronics equipment. However, we do not know the product specifications that the Company sells because the information is very limited. Unfortunately, as we can not directly contact any staff of the Company, so we are unable to present info about the operational performance of the Company to date, supplier, customer, and banking. |
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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 search for cases conducted at the State Court in the area where the Company was established and operates today. |
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BANKING INFORMATION
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Banker (s) |
N.A. |
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Insurance |
N.A. |
BUSINESS PROSPECTS |
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Business Prospects |
Bank
Indonesia (BI) estimates Indonesia's economic growth will be at 5.1% to 5.5%
in 2018. The BI projection is lower than the government's economic growth
assumption in the 2018 State Revenue and Expenditure Budget (R-APBN) which
reaches 5.4% to 6.1% . The
Ministry of Trade said that the trade sector in 2018 will be improve due to
the huge money supply impact of the political year that occurred this year. Ministry
of Industry (Kemenperin) projected growth of non-oil and gas processing
industry in 2018 at 5.67%. This projection is higher than the economic growth
in the State Budget Expenditure (APBN) 2018 which is estimated at 5.4%. Based
on the above information, it shows that the trading sector of machinery and equipment
for industry has a good business prospect because it is supported by economic
growth and also growth of non oil and gas industry. |
FINANCIAL STATEMENT |
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Sales Turn Over |
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 |
Undetermined |
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Business Morality |
Adequate |
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Payment Manner |
Unknown |
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Financial Condition
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Undetermined |
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Operating Trend |
Undetermined |
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Conclusive remarks |
Based on the collected information, the Company is engaged in the wholesale of electrical and electronic equipment. However, until now, we are unable to contacted the Company, so we cannot provide information regarding the Company's operational conditions at this time. So for now, we provide the credit rating at 'Unclassified Risk'. However, for security reason, we advise those wishing to cooperate with or grant loans to this Company to keep asking for strong collateral from its shareholders. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.23 |
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1 |
INR 91.95 |
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Euro |
1 |
INR 80.34 |
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IDR |
1 |
INR 0.0047 |
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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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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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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.