Market for Office Machines in Indonesia 2010

INDONESIAN COMMERCIAL NEWSLETTER

July 2010

MARKET OF OFFICE MACHINES

With the expansion of the financial sector both banking and non banking financial sector, demand for office equipment and machines has increased . The type of office machines used widely by the banking sector in the country include :

" Clearing encoder machines

" Foreign exchange detecting machines

" Banknote strapping and banding machines

All of the office machines are still imported. Therefore, the business players in this sector are mainly sole agents and distributors.

Clearing Encoder Machines

Clearing encoder machine or known as MICR (Magnetic Ink Character Recognition) encoders are used widely by banks in Indonesia. The tool is used in the process of checking when clearing is to be made. There are two brands of MICR popularly used in the banking sector. They are:

" MAVERICK (made in the United States)

" FUJI (made in Japan)

MAVERICK is popular in the banking sector. It is used by both local and foreign banks. The distributor of the brand said it had an 80% share of the market of MICR in Indonesia. Currently there are two companies selling MAVERICK named as the authorized distributor PT Wahyu Anggada and PT Jessilindo Pratama.

Maverick has a number of types including MICR E13B Encoder d type M 570 and M 712. Maverics has a high speed and soft sound. There are also other types M 212 and M 425, but they are no longer found in the market.

The Fuji brand of MICR has 3 types in Indonesia FZ-1027. FZ 1181 and FZ 4103. The most compact type of encoder the FZ-1027 type with key board built-in with its main part. They key board of the other two types (FZ 1181 and FZ 4103) is separated from the display. The type of FZ 4103 is multi purpose check processing system functioning both as encoder and reader and could be combined (optional) with image scanner and sorter.

Foreign Exchange (Forex) Detectors

The machine is used to detect the genuineness of currencies. There are two types of foreign exchange detecting machines found on the domestic market - one specially for US dollar and another for various currencies (multi currency/universal). There is also foreign exchange detecting machines functioning as banknote counter.

There are 5 brands of foreign exchange detecting machines used by major banks in Indonesia. They are

" Dors (made in Russia)

" Cummins ( made in the United States )

" Gunnebo ( the Swedish brand but produced in Taiwan)

" NCL, (Taiwan product )

" Glory (Japanese product)

DORS of Russia is produced by SYSTEMA LLC-Russia, with Indonesian agent PT Murni Solusindo Nusantara as an exclusive distributor. There are two types of it sold in Indonesia:

" DORS 200M1 specially for detection of US dollar

" DORS 1100+ 1010 that could detect all currencies equipped with infra red ink guard.

"GUNNEBO, Professional multi currency detector" is a product of banking/financial machine marketed by PT Indolok Bakti Utama, as the distributor of Gunnebo in Indonesia. The types or models marketed in Indonesia are BD-502 that could detect US dollar, Euro, Yen and Rupiah.

CUMMINS, which is produced by CUMMINS ALLISON CORP, USA has four types in Indonesia :

" USD Jetscan model 4065i (specially for US$)

" USD Jetscan Model 4069 ( Specially for US$)

" Universal JetCount model 4022i, for all currencies

" US JetCount model 4022, specially for US$

Apart from being a detector, the type of JetCount has the function as money counting machine (banknote counter).

NCL, a brand from Taiwan with Indonesian agent PT Pacific Sembada, has a number of types found on the Indonesian market:

" NC-1100 US (specially to detect US dollar)

" NC-1100 M1(to detect US$, Euro and Yen)

These types are portable.

NCL also has the types that also have a number of functions such as the type of DBC-3. This machine especially for US dollar could detect and count US Dollar. It has high level of security especially in detecting counterfeited money "Super Dollar". It is designed with form that is easily operated. It has been granted certificate of fit for use from a number of agencies or banks in the world such as Deutsche Bank, Central Bank of Russian Federation, Moscow central Bureau, Bank of China, and the Indonesian Police Headquarters.

GLORY is a Japanese product with Indonesian agent CV Murni. Glory has been known more as a brand of money counting machine. The types of Glory marketed in Indonesia are:

" GLORY GFR- 200 / 220(Multy Currencies)

" GLORY 230 (US$)

Willer is a Chinese product of foreign exchange detector. It is marketed in the country by PT Wahyu Anggada as the sole agent with a local brand of PWA. The type of Willer marketed in Indonesia is PWA WL-888 as Multi-Currencies Detector.

Some of the brands including Dors and NCL have been granted testing certificates from the Indonesian Police Headquarters. Suppliers of the equipment said the certificate from the Police is not required.

Profiles of foreign exchange detecting machines:

Banknote strapping/banding machines

Not all bank branches use banknote strapping and banding machines. There is tendency of manually in banding banknotes. Only big bank branches use strapping/banding machines.

There are at least 5 brands of banknote strapping/banding machines found in Indonesian market. The brands are:

" TAY CHIAN , from Taiwan

" NCL from Taiwan

" GUNNEBO, Swedish brand produced in Taiwan

" YULIM from South Korea

" FELLIN , strapping machine from the United States

" CANNY banding machine from the United States.

The technology used in the production of the brands and their features are almost the same. Gunnebo (BA 404) and Tay Chian (TC 320) are almost the same in appearance. The difference is generally in size and weight.

Profiles of Banknote Strapping/Banding Machines :

Use of Office Machines by Major Banks

There are two brands of clearing encoder widely used by major banks FUJI from Japan, MAVERICK from the United States. The types of FUJI used most is M 1027, and the types of Maverick more popular are M570 and M 712.

The foreign exchange detectors used most by major banks are DORS and CUMMINS There is also a new comer in the market the brand of VSCAN from the United States.

Banknote strapping/banding machines used most by banks are Tay Chian of the TC 320 model. There is also banding machine brand of Gunnebo used by BNI. A survey showed that fewer banks use banknote strapping machines.

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