MIRA INFORM REPORT

 

 

Report Date :

03.09.2007

 

IDENTIFICATION DETAILS

 

Name :

P.T. EKASWARHA ABADI

 

 

Registered Office :

c/o Mr. Irwan Lesmana, Jalan Taman Delima IV No. 24, Tanjung Duren, Jakarta Barat

 

 

Country :

Indonesia

 

 

Date of Incorporation :

1 September 1987

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Trading, Export Import Services.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 


Name of Company

 

P.T. EKASWARHA ABADI

 

 

Address

 

Head Office

c/o Mr. Irwan Lesmana

Jalan Taman Delima IV No. 24

Tanjung Duren

Jakarta Barat

Indonesia

Phone               - (62-21) 560 1119

Building Area     - 1 storey

Office Space      - 200 sq. meters

Region              - Housing Complex

Status               - Owned

 

c/o Mr. Andy Sugiarto

Jalan Pinangsia Raya No. 81

Jakarta Barat

Indonesia

Phone               - (62-21) 6902508, 6267983

Building Area     - 2 storey

Office Space      - 600 sq. meters

Region              - Commercial Building

Status               - Rent

 

 

Date of Incorporation

 

1 September 1987

 

                                  

Legal Form

 

P.T. (Perseroan Terbatas) or Limited Liability Company

 

                                                       

Company Reg. No.

 

The Ministry of Justice and Human Rights

Pending

 

 

Company Status 

 

Private Company

 

           

Permit by the Government Department

 

Not Available

 

 

Related Company

 

None

 

 

CAPITAL AND OWNERSHIP

 

Capital Structure :

Authorized Capital                             : Rp. 50,000,000.-

Issued Capital                                   : Rp. 10,000,000.-

Paid up Capital                                  : Rp. 10,000,000.-

 

Shareholders/Owners :

a. Mr. Irwan Lesmana                          - Rp. 5,000,000.-

   Address : Jl. Taman Delima IV No. 24

                   Tanjung Duren

                   Jakarta Barat                

                   Indonesia

b. Mr. Andy Sugiarto                            - Rp. 5,000,000.-

   Address : Jl. Pinangsia Raya No. 81

                   Jakarta Barat

                   Indonesia                      

 

   

BUSINESS ACTIVITIES

                             

Lines of Business:       

Trading, Export Import Services

 

 

Production Capacity

 

None

 

 

Total Investment

 

None

 

 

Started Operation

 

1988 but now the complete address is unknown

 

 

Brand Name

 

None

 

 

Technical Assistance

 

None

 

 

Number of Employee

 

Unknown                                         

 

 

Marketing Area

 

Unknown

 

 

Main Customer

 

Unknown

 

 

Market Situation

 

Very Competitive

 

 

Main Competitors

 

a. P.T. INDOPACT TRADING

b. P.T. GLOBAL TRADING IMPEX

c. C.V. PUTRA NUSA

d. P.T. ADI SAMPOERNA

e. Etc.,

 

 

Business Trend

 

No comment

 

 

 

 

 

BANKER, AUDITOR & LITIGATION

 

Bankers :

P.T. Bank CENTRAL ASIA Tbk

Jalan Asemka No. 27-30

Jakarta Barat

Indonesia

 

Auditor :

Internal Auditor

           

Litigation :

No litigation record in our database

 

 

FINANCIAL FIGURE

 

Annual Sales (estimated) :

None

 

Net Profit (Loss) :

None

           

Payment Manner :

Unknown

 

Financial Comments :

Weak

 

 

KEY EXECUTIVES

 

Board of Management :

Director                                     - Mr. Irwan Lesmana

 

Board of Commissioners :

Commissioner                           - Mr. Andy Sugiarto

                                                           

Signatories :

Director (Mr. Irwan Lesmana) which must be approved by Supervisory Board.

 

 

CAPABILITIES

 

Management Capability :

Satisfactory

 

 

Business Morality

 

Satisfactory

 

 

Credit Risk

 

Very High

 

 

Credit Recommendation

 

Credit is not recommended

 

 

Proposed Credit Limit 

 

C.O.D.

 

 

Maximum Credit Limit

 

No comment

 

 

OVERALL PERFOMANCE

 

The company was established in Jakarta in September 1987 with an authorized capital of Rp. 50,000,000.- issued capital of Rp. 10,000,000.- of which paid up. The founders and shareholders of P.T. EKASWARHA ABADI (P.T. EA) are Mr. Irwan Lesmana (an indigenous businessman) and Mr. Andy Sugiarto (an Indonesian businessman of Chinese origin). Up to now the company has yet been obtained company registration from the Department of Justice and Human Right.

 

Based to the notary deed, that P.T. EA domicile is registered on Jalan Taman Delima IV No. 24, Tanjung Duren, West Jakarta with the telephone number (021) 5601119. We have conduct investigation through P.T. TELKOM that the telephone number is registered under the name of Mr. Irwan Lesmana. But after we contact the telephone number and visited the address, they did not know about P.T. EKASWARHA ABADI. We look and observed the houses, but there is no business activity in that house. We also visited the address of Mr. Andy Sugiarto at Jalan Pinangsia Raya No. 81, West Jakarta with telephone number (021) 6902508, 6267983, but they did not know about P.T. EKASWARHA ABADI.

 

According to the other source, previously, P.T. EA., it is only a small-size lubricating oil retail shop. The shop is owned by Mr. Andy Sugiarto and his family members. Besides, P.T. EA started up with operation in the field of trading and import export service in early of 1988. The company imports various kinds of industrial machinery, chemicals, technical goods, etc. Most of the products are imported from the USA, Germany, Japan, etc. But, our investigation to the above address has shown us that the company’s activity is not very active and there is no complete address.  

 

It is very difficult for us to give a picture about P.T. EA’s business prospect, because of the fact that business which is being carried out by P.T. EA is not too clear. Considering, P.T. EA’s business activity is not too clear and the complete address is also unknown, so the financial condition of the company is just as its paid up capital of Rp. 10,000,000.- as stated in its article of association. Financially, the company is weak.

 

The company’s management is led by Mr. Irwan Lesmana (57), but he has not experience in the above business. Therefore, we suggest to protect careful for any proposed loan or business cooperation with the company by asking adequate personal guarantee from the shareholders. 


 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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 and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions