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MIRA INFORM REPORT
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Report No. : |
508236 |
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Report Date : |
15.05.2018 |
IDENTIFICATION DETAILS
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Name : |
PNJM CORP |
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Registered Office : |
Jalan
GT 4, Purwokerto Lorong, Purwokerto Timur, Banyumas, 53112, Central Java |
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Country : |
Indonesia |
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Date of Incorporation : |
2009’s |
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Legal Form : |
Sole
Proprietary Company |
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Line of Business : |
Trading and Exporter
of Hairpiece and Wig Products |
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No. of Employees : |
2 |
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 : |
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 (30.09.2017) |
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 34% today. In May 2017 Standard & Poor’s became the last major ratings agency to upgrade Indonesia’s sovereign credit rating to investment grade.
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
NAME AND SUMMARY
Name
of Company :
PNJM CORP
A
d d r e s s :
Head Office
Jalan
GT 4
Purwokerto
Lorong, Purwokerto Timur
Banyumas,
53112
Central
Java
Indonesia
Mobile Phone - 0815 6972 737
(Mrs. Diana H)
Website - http://www.pnjmcorp.com
Date of Incorporation :
2009’s
Legal
Form :
Sole
Proprietary Company
Company
Reg. No. :
Not
Required
Company
Status :
National
Private Company
Permit
by the Government Department :
Not
Available
Related
Companies :
None
CAPITAL
AND OWNERSHIP
Capital Structure :
Owned Capital : Rp. 20.0
million
Owners :
Mrs. Diana H
BUSINESS
ACTIVITIES
Lines of Business :
Trading and Exporter
of Hairpiece and Wig Products
Production Capacity :
None
Total Investment :
None
Started Operation :
2009’s
Brand Name :
PNJM CORP
Technical Assistance
:
None
Number of Employee :
2 persons
Marketing Area :
Export - 100%
Main Customer :
China and India
Market Situation :
Very Competitive
Main Competitors :
a. P.T. ASTIKA SAMBO
HAIR
b. P.T. BIO TAKARA
c. P.T. KOKORIA
d. P.T. ROYAL
KORINDAH
e. Etc.
Business Trend :
No Comment
BANKER,
AUDITOR & LITIGATION
Banker
:
Unknown
Auditor
:
Internal
Auditor
Litigation
:
No
litigation record in our database
FINANCIAL
FIGURE
Annual
Sales (estimated) :
Unknown
Net
Profit (estimated) :
Unknown
Payment
Manner :
No
Comment
Financial
Comments :
No
Comment
KEY
EXECUTIVES
Board of Management :
Marketing Division - Mrs. Diana H
Board of Commissioners :
None
Signatories :
Marketing
Division (Mrs. Diana H) is only the authorized person to sign the loan on
behalf of the company
CAPABILITIES
Management Capability :
Doubtful
Business Morality :
Prudent
OVERALL
PERFORMANCE
Based on search and investigation that PNJM CORP address
located at Jalan GT 4, Purwokerto, Central Java, 53112, Jakarta is not correct,
because Purwokerto is Banyumas regency, Central Java not part of Jakarta. So we
are sure the address is not correct. Besides we had check and investigation
there is no Jalan GT 4, Purwokerto, Central Java.
According to website http://www.pnjmcorp.com the company PNJM
CORP was established in Purwokerto, Central Java in 2009 with the status of
sole proprietary company. The company was founded by Mrs. Diana H, an
indigenous businesswoman.
PNJM CORP, is dealing with trading and exporter of
hairpiece and wig products which operating in 2009. According to http://www.pnjmcorp.com
the company sells of remy human hair, remy curl hair, lace frontal hair, human
hair wig, welf hair and hair wig. According to website the company exported of
products to China and India. Besides, we had contacted mobile phone 0815 6972
737 frequently but there was no holding up mobile phone. According to website
information the whole products made in manual and machine.
We strongly suspect that
PNJM CORP is an unidentified individual business in Purwokerto, Central Java.
In addition there are some irregularities that the address is not registered
and the address is false. In addition we have several times contact mobile phone
0815 6972737 (Mrs. Diana H) but never could communicate or not lift the
telephone. So we suspect strongly that all the information on the website of
the website is incorrect, because many similar websites sell some products and
many are deceiving consumers.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.32 |
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1 |
INR 91.25 |
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Euro |
1 |
INR 80.51 |
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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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PRI |
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Report Prepared
by : |
NIT |
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.