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Report Date : |
18.11.2013 |
IDENTIFICATION DETAILS
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Name : |
P.T. TRIDAYA UTAMA INDONESIA |
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Formerly Known As : |
C.V. TRI DAYA UTAMI |
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Registered Office : |
Jalan Ottoiskandardinata No. 344, Sukamelang,
Subang, West Java |
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Country : |
Indonesia |
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Date of Incorporation : |
16.07.2008 |
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Com. Reg. No.: |
No. AHU-41329.AH.01.01.Tahun 2011 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
General Contracting, Trading, Import-Export, Distribution,
Agriculture, Industry, Consulting Services, Printing and Workshop |
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No. of Employees : |
4 persons |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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) |
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Indonesia |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
indonesia - ECONOMIC OVERVIEW
Indonesia, a vast polyglot nation, grew more than 6%
annually in 2010-12. 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 :
P.T. TRIDAYA UTAMA INDONESIA
Address:
Head Office
Jalan Ottoiskandardinata No. 344
Sukamelang, Subang
West Java
Indonesia
Phones -
(62-260) not available
Email - info@pt-tridayautama-indonesia.com
Building Area - 2 storey
Office Space - 90 sq. meters
Region - Commercial
Status - Rent
Representative
c/o Mr. Lefiandi Airlangga
Pasirharja, RT.18, RW.10
Kel. Sukamelang, Kec. Subang
West Java, Indonesia
Cellular Phone - (62-0817) 214938
Building Area - 2 storey
Office Space - 120 sq. meters
Region - Residence
Status - Owned
Date of
Incorporation :
a. 16 July 2008 as C.V. TRI DAYA UTAMI
b. 12 July 2011 as P.T. TRIDAYA UTAMA INDONESIA
Legal Form :
P.T. (Perseroan Terbatas) or Limited Liability Company
Company Reg. No. :
The Ministry of Law and Human Rights
No. AHU-41329.AH.01.01.Tahun 2011
Dated 15 August 2011
Company Status :
National Private Company
Permit by the Government Department :
The Department of Finance
NPWP – not available
Related Company :
P.T. NAEING PUTRA (Property Development)
Capital Structure :
Authorized Capital - Rp.
1,000,000,000.-
Issued Capital - Rp. 250,000,000.-
Paid up Capital - Rp. 250,000,000.-
Shareholders/Owners :
a. Mr. Lefiandi
Airlangga, SH. - Rp. 187,500,000.- (75%)
Address : Pasirharja, RT.18, RW.10
Kel. Sukamelang, Kec. Subang
West Jakarta
Indonesia
b. Mrs. Eti Utami -
Rp. 62,500,000.- (25%)
Address : Pasirharja, RT.18, RW.10
Kel. Sukamelang, Kec.
Subang
West Jakarta
Indonesia
Lines of Business :
General Contracting, Trading, Import-Export, Distribution, Agriculture,
Industry, Consulting Services, Printing and Workshop
Production Capacity :
None
Total Investment :
Owned Capital - Rp. 250 million
Started Operation :
2008 when it was named CV. TRI DAYA UTAMI
Brand Name :
TUI
Technical Assistance :
None
Number of Employee :
4 persons
Marketing Area :
Local - 100%
Main Customer:
No Comment
Market Situation :
Very Competitive
Business Trend :
No Comment
Bankers :
a. P.T. Bank CENTRAL ASIA
Tbk.
Jl. Otto Iskandardinata No. 37
Subang, West Java
Indonesia
b. P.T. Bank MANDIRI Tbk.
Jl. Jend. A. Yani No. 5
Subang, West Java
Indonesia
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
Annual Sales (estimated) :
No Comment
Net Profit (estimated) :
No Comment
Payment Manner :
Bed
Financial Comments :
Weak
Board of Management :
Director - Mr. Lefiandi Airlangga, SH
Board of Commissioners :
Commissioner - Mrs. Eti Utami
Signatories :
Director (Mr. Lefiandi Airlangga) which
must be approved by Board of Commissioner (Mrs. Eti Utami)
Management Capability :
Weak
Business Morality :
Doubted
Credit Risk :
Very High
Credit Recommendation :
Not qualified for credit assessment
Proposed Credit Limit :
Deposit or Advance Payment
Originally named C.V. TRI DAYA UTAMI, the company was established in
July 2008 in Subang (West Java) with the legal status of C.V. (Commanditaire
Vennootschap) or Partnership with Sleeping Partner. The founding owners of the
company are Mr. Lefiandi Airlangga as active partner and Mrs. Eti Utami as the
silent partner. As in common in cases of
companies with C.V. status, there is no mention in the company’s notarial act
of its capital structure. On July 12,
2011 the company’s name was changed to P.T. TRIDAYA UTAMA INDONESIA (P.T. TUI)
with legal status a Limited Liability Company.
The authorized capital of the Company is Rp 1,000,000,000.- of which Rp
250,000,000.- was issued and fully paid up. The founding shareholders of the
company are Mr. Lefiandi Airlangga (70%) and Mrs. Eti Utami (30%), both are
indigenous entrepreneurs. The Deed of
establishment was approved by the Minister of Law and Human Rights through its
Decision Letter No. 41329.AH.01.01.Tahun 2011 dated 15 August 2011. No changes have been effected in term of its
shareholding composition and capital structures to date.
Pursuant to the company’s notary deed, P.T. TUI engaged to operate in
general contracting, trading, import-export, distribution, agriculture,
industry, consulting services, printing and workshop. The Company’s registered
office located at Jalan Ottoiskandardinata No. 344, Sukamelang, Subang, West
Java or about 120 km from Jakarta City.
According to the internet, P.T. PUI is engaged in providing
financial services such as loans or financing
for large-scale projects
to a number of entrepreneurs which lack capital. Beside, the Company is ready to provide a loan of up to
US$ 100 million to the enthusiasts which need funds. It's just that this company does not
list the company address and phone number in Indonesia,
but only in touch via email.
The company claimed to have transaction services with
a number of local and international banks
such as BCA, Bank
Mandiri, CIMB Niaga, HSBC,
Bank of America, Citibank
and DBS Bank.
Additionally P.T. PUI claimed to have
offices in Singapore, Hong Kong, Columbia,
USA, Switzerland and
Russia.
We are extremely difficult to contact the corporate office because they do not have a
phone number. In addition to
the management of
this company is Mr. Airlangga Lefiandi involved
fraud cases against
foreigners, as we
explain below:
Liars, Scammers,
and Crooks on LI
Lefiandi Airlangga or Erlannga. PT Tridaya Utama
Unfortunately Lefiandi was someone I once considered a friend and tried
to work with him last year
which proved to ultimately not only damage my business reputation but
costs quite a large sum losses from his less than honest dealings.
He took $420,000 from one of my clients for a project funding transaction and
after failing to perform, didn't return any of the funds. After months of
promises for funds that were being generated and bank guarantee prepared, he
eventually stopped communicating with the client and essentially destroyed
their business with his theft.
It's one thing to have honest failures in business; it's part of business and
part of the risk. To intentionally steal someone's money and not offer any
communication, gesture or consideration is unforgiveable. To top it off, he's a
lawyer in Indonesia so you would expect him to conduct himself better.
Another client actually went to Jakarta to meet with him in an effort that was
a complete embarrassment to me when he tried to charge them fees unexpectedly
and make them pay for hotel stays with the false promise of meeting with bank
officials to obtain funding.
He was actually a member in this group at one time and may still be.
Source: 1) http://www.linkedin.com/groups/Lefiandi-Airlangga-Erlannga-PT-Tridaya-3964599.S.237479014
2) http://pt-tridayautama-indonesia.com/index.php
The financial condition of the company is appraised to be less strong
and its financial condition at present is as the paid up capital of Rp.
250,000,000 as stated in the articles of association of the company. The
financial condition of the company still depends on the financial condition of
its shareholders. The management of P.T.
TUI is very reclusive towards outsiders and rejected to disclose its financial
condition. So far, we did not heard that
the company having been black listed by the Central Bank (Bank Indonesia).
Pursuant to Notary Deed, the management of P.T. TUI is led by Mr.
Lefiandi Airlangga (40) as Director and Mrs. Eti Utami (47) as Commissioner. Their reputation in financing
services is not prominent. In addition
they were also not who bona fide or credible businessman. In addition to committing fraud against foreigners, the company’s
management (Lefiandi Airlangga) also have committed fraud against the people of
Indonesia. Here Lefiandi pretend as legal counsel free of charge. However,
cases of fraud committed by Lefiandi, so far has not been registered in a
domestic court.
We therefore recommend to be very
careful when doing business partnership with this company. We recommend to
cancel the business transaction plan that was prepared for this company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.06 |
|
|
1 |
Rs.101.15 |
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Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
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RATING |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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 |
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NB |
New Business |
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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.