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Report Date : |
12.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
ASIAN INVESTMENT TRADE CENTRE LTD. |
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Registered Office : |
Jalan Janur Elok IV Block QC 8 No. 14. Kelapa Gading Permai, Kelapa Gading, Jakarta
Utara, 14240 |
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Country : |
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Year of Establishment : |
2000 |
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|
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Sole Proprietary Concern |
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Line of Business : |
Trading,
Distribution and Supplied of Used Trucks |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
|
RATING |
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 : |
--- |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Indonesia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
ASIAN INVESTMENT TRADE CENTRE LTD.
Head Office
Jalan Janur Elok
IV Block QC 8 No. 14
Kelapa Gading Permai, Kelapa Gading
Jakarta Utara, 14240
Indonesia
Phone -
(62-21) 4584 4384
Fax - (62-21) 4584 4384
E-mail - eddydarmawang@yahoo.com
Building Area - 1 storey
Office Space - 120 sq. meters
Region - Residential
Status - Rent
2000’s
Sole Proprietary
Concern
Not Required
Private National
Concern
The Department of
Finance
Not Available
None
Capital
Structure :
Owned Capital : Unknown
Owners :
Mr. Eddy Darmawang
Lines of Business
:
Trading,
Distribution and Supplied of Used Trucks
Production
Capacity :
None
Total
Investment :
None
Started
Operation :
2000
Brand Name :
Asian Investment
Trade Center Ltd.
Technical
Assistance :
None
Number of
Employee :
None
Marketing Area
:
Local -
100%
Main Customer
:
Coal Mining
Market
Situation :
Very Competitive
Main
Competitors :
None
Business Trend
:
No Comment
Banker :
P.T. Bank MANDIRI
Tbk
Jalan Raya
Batulicin Tanah Bumbu
South Kalimantan
Indonesia
Auditor :
None
Litigation :
No litigation
record in our database
Annual Sales
(estimated) :
Unknown
Net Profit
(estimated) :
Unknown
Payment Manner
:
Above Average
Financial
Comments :
Weak
Board of Management :
Director - Mr. Eddy Darmawang
Board of Commissioners :
None
Signatories :
Director (Mr. Eddy
Darmawang) is only the authorized person to sign the loan on behalf of the
concern .
Management Capability :
Prudent
Business Morality :
Doubtful
Credit Risk :
Very High
Credit Recommendation :
Not qualified for credit assessment
Based on our investigation through P.T. TELKOM information of Jakarta explained that ASIAN INVESTMENT TRADE CENTRE LTD was not registered on Jalan Janur Elok IV Block QC 8 No. 14, Kelapa Gading Permai, North Jakarta. Besides, the notary deed of the concern did not registered on the Ministry of Law and Human Rights. According to the visited of the above address we did not found the Subject. The address is the residential and there was no activity in that address and the owner of the houses did know about the Subject concern of Mr. Eddy Darmawang.
According to the Internet, http://ww.asianinvestment.itrademarket.com or http://www.asianinvestment.indonetwork.co.id that ASIAN INVESTMENT TRADE CENTRE LTD., is a sole proprietary concern which established in 2000 by Mr. Eddy Darmawang, an Indonesian businessman of Chinese descent. According to the Internet, ASIAN INVESTMENT TRADE CENTRE started to be operating since 2000 engaged in the field of trading, import, distribution and supply of construction machinery & parts; truck mounted crane & parts, textile machinery and agriculture commodities products like Torabica Toraja Coffee Bean. The Concern sells of used truck with Toyota brand. Besides, based on investigation that Mr. Eddy Darmawang is also owners of P.T. CITRA CEMERLANG engaged in trader and exporter of coal; and P.T. JAKARTA INTERNATIONAL in trader and exporter of coal. Both of companies located at Jalan Kerinci IX, Kebayoran Lama, South Jakarta, with phone number (62-21) 7220571 and fax number (62-21) 7229628. However after we contacted to the concern there was no holding up the telephone. Besides, according information from Telkom Information Jakarta there was no registered both of companies. Besides, Mr. Eddy Darmawang Mobile Phone 6281 808775346 was not valid and error.
Besides, according to Internet, Mr. Eddy Darmawang is also Director and owner of P.T. DWIMITRA MULTIGUNA SEJAHTERA, a private national concern in nickel ore mining. But according information from P.T. DWIMITRA MULTIGUNA SEJAHTERA explained there was no found Mr. Eddy Darmawan and he has never registered as director or shareholder of the concern . According information that P.T. DWIMITRA MULTIGUNA SEJAHTERA is controlled by Mr. Jimmy Kianto and his wife Mrs. Lim Linda.
So, we still doubt the activities of ASIAN INVESTMENT TRADE CENTRE LTD, P.T. CITRA CEMERLANG and P.T. JAKRTA INTERNATIONAL because of the telephone number and address is difficult to be reached, although they explain and make their ads and promote activity in this concern 's website. We also doubt about the legality of this concern because many companies in Indonesia introduces its business in an internet though many are not legal activities and some of the companies address not clearly. We are sure ASIAN INVESTMENT TRADE CENTRE LTD is a fictitious concern .
From the whole negative factors, we recommended to stop any new business relation to the concern .
ASIAN INVESTMENT
TRADE CENTER LTD, Sell Used Trucks from Japan
|
How to Payment: |
Transfer Bank (T/T) |
|
Country of
origin: |
Japan |
|
Information: |
We would like to sell used trucks from
Japan for Sabang area and Papua area. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.24 |
|
UK Pound |
1 |
Rs.85.93 |
|
Euro |
1 |
Rs.69.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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 |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.