MIRA INFORM REPORT
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Report Date : |
1st May 2006 |
IDENTIFICATION DETAILS
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Name : |
INEXCO INDONESIA |
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Registered Office : |
Jl. Binna Citra # 18, Bandung, West Java 324542 Indonesia |
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Date of Incorporation : |
18
March 1994 |
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Legal Form : |
Unlimited
liability company |
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Line of Business : |
Exporters
of Indonesian Agro products in especially of Crude Palm Oil and Edible Oils. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |
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Status : |
Poor |
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Payment Behaviour : |
Unknown |
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Litigation : |
Unknown |
Name of company
INEXCO INDONESIA
A d d r e s s
Head Office
Jl. Binna Citra # 18,
Bandung, West Java 324542
Indonesia
Phone - Unknown
Fax. - Unknown
Region - Residence
Status - Unknown
Date of Incorporation
18 March 1994
Legal Form
Sole Proprietory Company or Unlimited liability company
Company Reg. No.
The Ministry of Law and Human Rights
Not Required
Company Status
National Private Company
Permit by the Government Department
The Department of Finance
Not Available
Related Company :
ZETRHO AGRO (Holding Company)
ZETHRO AGRONUSA PERKASA LTD. (Exporter of Virgin Coconut Oil)
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CAPITAL AND OWNERSHIP |
Capital Structure :
Authorized Capital : Not Available
Issued Capital : Not Available
Paid up Capital : Not Available
Shareholders/Owners :
a. Mr. Suherman alias Rachman Suherman
Address : Unknown
b. ZETRHO AGRO Holding Company
Address : Unknown
BUSINESS ACTIVITIES |
Lines of Business:
Exports of Indonesian Agro products in specially of Crude Palm Oil and Edible Oils.
Production Capacity :
None
Total Investment (estimated) :
Unknown
Started Operation :
1994, but now it’s has been inactive.
Brand Name :
INEXCO
Technical Assistance :
None
Number of Employee :
Unknown
Marketing Area :
Export of Crude Palm to
Main Customer :
Unknown
Market Situation :
Very Competitive
Main Competitors :
a. P.T. Bio Nusantara Teknologi
b. P.T. Insan Abdi Tama
c. P.T. Multi Agritama Sejahtera
d. P.T. Topang Usaha Global
e. Etc.
Business Trend :
No Comment
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BANKER, AUDITOR & LITIGATION |
B a n k e r :
Unknown
Auditor :
Unknown
Litigation :
No litigation record in our database
FINANCIAL FIGURE |
Annual Sales :
Unknown
Net Profit :
Unknown
Payment Manner :
No Comment
Financial Comments :
Weak
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KEY EXECUTIVES |
Board of Management :
Director - Mr. Suherman alias Rachman Suherman
Board of Commissioner :
Commissioner - None
Signatories :
Director
(Mr. Suherman alias Rachman Suherman)
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CAPABILITIES |
Management Capability :
W e
a k
Business Morality :
Doubted
Credit Risk :
Very High
Credit Recommendation :
Not
qualified for credit assessment
Proposed Credit Limit :
Deposit or Advance Payments
Maximum Credit Limit :
No Comment
OVERALL PERFOMANCE |
We have been
investigated this company at Jalan Bina Citra # 18, Bandung, West Java 324542,
Indonesia, but it is evident that there is no company named INEXCO INDONESIA.
We also have been checked to the Department of Law and Human Rights, the
Department of Industry and Trade and the Department of Agriculture and
Plantation, but it is also evident that there is no company named INEXCO
INDONESIA.
Based on
information through internet, INEXCO INDONESIA have ever been made company
profile through their website (http://www.fuzing.com)
domiciling at Jalan Bina Citra No. 18, Bandung, West Java, Indonesia, telephone
number (62)(817) 9030988. But when we contacted the telephone number, it is
evident that the number is inactive. We are doubtful on the truth of the
telephone number, because telephone area code is false. Telephone area code for
Bandung is (62-22).
In their
company profile, it is mentioned that INEXCO INDONESIA (INEXCO) was held on
March 19, 1994 in Indonesia. INEXCO is associated to ZETRHO AGRO Holding
Company together with a conglomerate of subsidiaries and associates. INEXCO
carried out business in the field of exporter of Indonesian agricultural
products such as, among others, palm oil and edible oils. Other than, INEXCO
also cooperated with P.T. PERKEBUNAN NUSANTARA, a government owned palm plantation
and mills. They entered into a long-term cooperation in purchasing of crude
palm oil and edible oils as much as 100.000 metrics ton per month with a number
of buyer from outside the country such as, among others, China, Turkey,
Netherlands, India, Germany, Malaysia, etc.
Based on our
investigation on INEXCO, it is evident that address and contact person as
mentioned in their website is not same with those as mentioned in their company
profile. Office’s address and telephone number of INEXCO that given by them is
not true. Contact person of INEXCO namely Mr. Suherman alias Rachman Suherman
is not known his existence recently. We are very doubtful on credibility of
this company.
We appraised that credibility of INEXCO
INDONESIA is very bad. Credit risk of them is too high and they are not
qualified in giving of credit. We suggest being careful with this company and
kindly cancel all business transaction with them.
RATING EXPLANATIONS
RATING
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STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound
financial base with the strongest capability for timely payment of interest
and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate
working capital. No caution needed for credit transaction. It has above
average (strong) capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are
apparent. Repayment of interest and principal sums in default or expected to
be in default upon maturity |
Limited with full
security |
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<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |