PT DATA CONSULT - Credit Status Report

Sample Report

Name of Company : PT. XXXXXXXXX

1. Business Premises

1.1. Office Address/Factory : xxxxxx

Jakarta 11520

Phone - (021) xxxxx

Fax - (021) xxxxx

1.2. Office Building : a. A r e a - Commercial

b. Status - Rented

2. Date of Establishment : 6th January 1994

3. Legal Status : Limited Liability Company or

Perseroan Terbatas (PT)

4. Legalization by the : No. CX-63XX HT.01.04.TH'97

Ministry of Justice Dated 08th July 1997

5. C a t e g o r y : Private National non-PMDN/PMA

6. Permit by the Government : The Department of Trade and Industry

Department

7. Lines of Business : General Trading of Milk and Machinery

Sole Agent of :

8. Production Capacity : ---

9. Main Items Import and : Milk from Australia, Irlandia, Sugar from

Country of Origin Thailand, Malaysia,Korea and Machinery

from Taiwan.

10. Main Items Export and : ---

Country of Destination

11. Capitalization : Authorized Capital - Rp 500 million

Issued Capital - Rp 150 million

Paid up Capital - Rp 150 million

Shareholders : a. xxxxxxxxx - 40%

b. xxxxxxxxx - 20%

12. Total Investment : ---

13. B a n k e r s : a. Panin Bank

b. Bank Negara Indonesia

c. Bank Central Asia

14. Started Operation : 1994

15. Number of Employees : Total 160 persons (All Nationals)

16. Supervisory Board : Member - xxxxxxxx

17. Board of Management : President Director - xxxxxxxxxx

Director - xxxxxxxxxx

18. Sales Turnover : 2004 - Rp 19,000 million

2005 - Rp 23,000 million

2006 - Rp 27,000 million

19. Management Capability : Good

20. Business Morality : Good

21. Payment Manner : Prompt

22. Financial Condition : Good

23. Operating Trend : Up

24. Credit Opinion : No special caution should be needed in extending credit

25. Maximum Limit of Credit : No Comment

26. Signatories : President Director (xxxxxxxxx) or the Director (xxxxxxxxxxxxxx)

which must be approved by the Chairman of Supervisory Board (xxxxxxxxxxxxxx)

27. Associated Companies : a. XXXXXXXXXXX (Plasti c Label Industry)

b. XXXXXXXXXXX (Plastic Basic Material Industry)

c. XXXXXXXXXXX (Cylinder Manufacturing)

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PT. XXXXXXXXX

1. Background

PT. XXXXXX was established in 1994 in Jakarta with an total authorized capital of Rp 100 million of which Rp 40 million was fully issued and paid up. The founding shareholders of the company are Mr. XXXXX, Mr. XXXXXX and Mrs. XXXXX.

In 1996 the authorized capital was increased to Rp. 500 million of which Rp. 150 million was issued and paid up. In the meantime the shareholders composition remain unchanged.

The company is associated with PT. XXXXXX, PT. XXXXXXXXX and PT. XXXXXX which operates in plastic label industry, plastic basic material industry and cylinder manufacturing.

2. Business Operation and Development

PT. XXXXXXX (PT. ATK) operates in general trading. Started operation in 1994, the company is supplied milk, sugar and machineries to food and beverage industries as imported from Australia, New Zealand, Korea, Malaysia Irlandia and Taiwan.

The machineries sold by the company consists of sring tanel and inserting label for bottles in food and beverages industry.

The company is the sole agent of XXXXXX instant full cream milk and full cream milk, XXXXXXX liquid milk of Australia, XXXXXX sugar of Thailand, Korea, Malaysia, XXXXXXXX instant full cream of Irlandia, WANXXXXX instant full cream of New Zealand. The company is also imported XXXXXX, machinery of Taiwan.

The company is received order minimum 5 container or 125 ton per item of sugar and milk.

The products are marketed in the major cities of Indonesia including Bandung (West Java), Surabaya (East Java) and Jakarta to several foods and beverages companies such as PT. Ceres Indonesia, PT. Aqua Golden Mississippi, PT. Indomilk, PT. Foremos Indonesia, PT. Khong Guan Biscuits Industry, PT. Unilever Indonesia, PT. Frissian Flag Indonesia, PT. Danone Biscuit Indonesia, PT. Arnotts Biscuit Indonesia etc.

3. Business Prospects

The prospect of PT. ATK is closed related with the prospect of food and beverage industries in Indonesia as the main buyer of the company's products.

With a population of 215 million Indonesia is potential market for manufactured food and beverage products. In the past 10 years there has been changed in the consumption pattern in the country notably in urban areas. Instant noodle, processed meat have become popular food in large cities. Snack has also gained popularity. The popularity, however, is still low compared with it is in advanced nations.

The economic crisis that continue to persist for the past 3 years has weakened the buying power of the people in Indonesia. However, certain industries like instant noodle industry is hardly affected by the crisis. On the contrary instant noodle is higher in demand during the crisis period.

In general, the opportunities and prospects of the company is very encouraging because the company's products are the raw material for food and beverage industry.

The crisis that weakens the buying power of the people, has not seriously affected demand for food products. The market of food and beverage products has begun to revive since 1999 and there is some groups of the people have high income and they are consumers of imported products and expensive local products.

The tendency is growing especially among urban community to consume manufactured food and beverage products because of efficiency and prompted by intensive advertisement.

In general, the opportunities and prospects of the company is very encouraging because the company's products are the raw material for food and beverage industry.

4. Financial Conditions

Based on our interviewed with internal sources, we estimated the company, posted a total sales turnover of Rp 19,000 million in 2004, rose to Rp 23,000 million in 2005 and Rp 27,000 million in 2006. We believe these figures are reasonable.

5. The Management

The company is headed by Mr. XXXXX who is the president director of the company. But in daily operation is handled by Mr. XXXX who is the director of the company and several professional staff. The management of the company has around 12 years experience in this field and has penetrated a wide marketing network for its products.

So far, we have never heard the management of the company involved in business malpractices.

6. Creditworthiness

Based on information we have collected we have come to conclusion that the company is financially sound. The management of the company has a long experiences in this field and has a good relationship among food and beverage industries.

We believe the company is good for normal business transaction.