MIRA INFORM REPORT

 

 

Report Date :

12.07.2013

 

IDENTIFICATION DETAILS

 

Name :

ANRICH INVESTMENT LIMITED

 

 

Registered Office :

c/o Coromandel Stampings & Stones Ltd.

Graha Mustika Ratu, 10th Floor, Jalan Gatot Subroto Kav. 74-75, Jakarta 12870

 

 

Country :

Indonesia

 

 

Year of Establishments:

2006

 

 

Com. Reg. No.:

Not Available 

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

General Import and Export Services

 

 

No. of Employees :

01

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate  

 

 

Payment Behaviour :

Unknown 

 

 

Litigation :

Clear  

 

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 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Indonesia

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Indonesia ECONOMIC OVERVIEW

 

Indonesia, a vast polyglot nation, grew an estimated 6.2% and 6.5% in 2010 and 2011, respectively. The government made economic advances under the first administration of President YUDHOYONO (2004-09), introducing significant reforms in the financial sector, including tax and customs reforms, the use of Treasury bills, and capital market development and supervision. During the global financial crisis, Indonesia outperformed its regional neighbors and joined China and India as the only G20 members posting growth in 2009. The government has promoted fiscally conservative policies, resulting in a debt-to-GDP ratio of less than 25%, a fiscal deficit below 3%, and historically low rates of inflation. Fitch and Moody's upgraded Indonesia's credit rating to investment grade in December 2011. Indonesia still struggles with poverty and unemployment, inadequate infrastructure, corruption, a complex regulatory environment, and unequal resource distribution among regions. The government in 2013 faces the ongoing challenge of improving Indonesia's insufficient infrastructure to remove impediments to economic growth, labor unrest over wages, and reducing its fuel subsidy program in the face of high oil prices.

 

Source : CIA

 

 

Name of Company

 

ANRICH INVESTMENT LIMITED

 

 

company Address

 

Head Office

c/o Coromandel Stampings & Stones Ltd.

Graha Mustika Ratu, 10th Floor

Jalan Gatot Subroto Kav. 74-75

Jakarta 12870

Indonesia

Phone               - (62-21) 8306585

Fax.                  - (62-21) 8306595

Email                - tellyjoko@indo.net.id

Building Area     - 14 storey

Office Space      - 240 sq. meters

Region              - Commercial

Status               - Rent

 

 

Date of Incorporation

 

2006

 

 

Legal Form

 

Limited Liability Company

 

 

Company Reg.  No.

 

Not Available

 

 

Company Status

 

Foreign Investment Company

 

 

Permit by the Government Department

 

Not Available

 

 

Affiliated/Associated Companies

 

a. ANRICH INVESTMENT Pte. Ltd., of Singapore

b. COROMANDEL STAMPINGS & STONE Ltd., of India

 

 

CAPITAL AND OWNERSHIP

 

Capital Structure :

Not Available

 

Shareholder/Owner :

ANRICH INVESTMENT Pte. Ltd. of Singapore      – 100%

 

 

BUSINESS ACTIVITIES

 

Lines of Business :

General Import and Export Services

 

Production Capacity :

None

 

Total Investment :

Unknown

Started Operation :

Unknown

 

Brand Name :

None

 

Technical Assistance :

None

 

Number of Employee :

1 person (in Jakarta Representative Office) namely Ms. Telly Joko

 

Marketing Area :

No comment

 

Main Customer :

Not Available

 

Market Situation :

Very Competitive

 

Main Competitors :

No Comment

 

Business Trend :

No Comment

 

 

BANKER, AUDITOR & LITIGATION

 

Banker :

Unknown

 

Auditor :

No Comment

 

Litigation :

No litigation record in our database

 

 

FINANCIAL FIGURE

 

Annual Sales  :

No Comment

 

Net Profit (Loss) :

No Comment

           

Payment Manner :

No Comment

 

Financial Comments :

No Comment

 

 

KEY EXECUTIVES

 

Board of Management :

Chief of ANRICH Jakarta Representative Office – Mrs. Telly Joko

 

Board of Commissioners :

Unknown

 

Signatories :

Chief of ANRICH Jakarta Representative Office (Mrs. Telly Joko) which must be approved by the owner of ANRICH INVESTMENT Pte., Ltd., of Singapore.

 

 

CAPABILITIES

 

Management Capability :

No Comment

 

Business Morality :

No Comment

 

OVERALL PERFORMANCE

 

After we (ICB) made an investigation to ANRICH INVESTMENT LIMITED’s address, at Graha Mustika Ratu, 10th Floor Jalan Gatot Subroto Kav. 74-75, Jakarta 12870, Indonesia, with phone number (62-21) 8306585, it is evident that the phone number is not belonging to ANRICH INVESMENT LIMITED, rather it is belonging to COROMANDEL STAMPINGS & STONES Ltd., (formerly PT. Visi Indo Canada).   Full address of the company is at Graha Mustika Ratu, 10th Floor, Jl. Gatot Subroto Kav. 74-75, Jakarta 12870, Indonesia with phone: (62-21) 8306585 and Fax: (62-21) 8306595.   Building manager of Graha Mustika Ratu, when contacted by ICB explained that up to now there is no tenant in the name of ANRICH INVESTMENT LIMITED in their office building.

 

Ms. Telly Joko, when she was contacted by ICB, explained that AIL is a representative office of ANRICH INVESTMENT Pte Ltd., domiciled in Singapore.  Beside, AIL is also as business partner of COROMANDEL STAMPINGS & STONES Ltd., of India, engaged in exporter and manufacturer of granite and marbles tiles.

 

We have checked various information sources in Jakarta, ranging from telephone book, Trade and Industry Directory of Indonesia, Indonesian Chamber of Commerce and Trade (Kadin), the Ministry of Laws and Human Rights, Ministry of Trade and Industry, Ministry of Financial and so on.   However, we did not find any company on behalf of ANRICH INVESTMENT LIMITED.   We strongly allege that since the company establishment up to now the company it has never conducted any business activities.

 

From the above information, we concluded that ANRICH INVESTMENT LIMITED (AIL) is a foreign company which has not begun with commercial production until now.  Beside that the company has no operational office in Jakarta.  The company uses office address of COROMANDEL STAMPINGS & STONES Ltd., for its address in Jakarta.  In daily activities, AIL is headed by Mrs. Telly Joko (45) as general manager.  But, she is very reclusive towards outsiders and rejected to disclose its business activities.

 

Therefore we suggest to be very carefully in giving new loan to ANRICH INVESTMENT LIMITED.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.64

UK Pound

1

Rs.90.14

Euro

1

Rs.77.99

 

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%)

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.