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Report No. : |
313612.2 |
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Report Date : |
07.04.2015 |
IDENTIFICATION DETAILS
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Name : |
ANRICH INVESTMENTS LIMITED |
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Registered Office : |
3rd Floor, J&J Building, PO Box 933, Road
Torwn, Tortola, British Virigns Island, VG 1110 |
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Country : |
Indonesia
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Date of Incorporation : |
10.06.2003 |
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Com. Reg. No.: |
547692 |
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Legal Form : |
Limited Liability Company in British Virgin Islands. |
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Line of Business : |
General Importing and Exporting Services |
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No. of Employees : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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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 |
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Status : |
Foreign Investment Company |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Indonesia |
A2 |
A2 |
|
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, has grown strongly since 2010. During the global financial crisis, Indonesia
outperformed its regional neighbors and joined China and India as the only G20
members posting growth. The government has promoted fiscally conservative
policies, resulting in a debt-to-GDP ratio of less than 25% 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
also faces the challenges of quelling labor unrest and reducing fuel subsidies
in the face of high oil prices.
|
Source
: CIA |
Name of Company :
ANRICH INVESTMENTS
LIMITED
A d d r e s s :
Head Office
3rd Floor, J&J Building
PO Box 933, Road Torwn
Tortola, British Virigns Island
VG 1110
Work Office
Graha Mustika Ratu, 10th Floor
Jalan Gatot Subroto Kav. 74-75
Jakarta 12870
Indonesia
Phone -
(62-21) 8306585
HP - 08119604104
Fax. - (62-21) 8306595
Email - tellyjoko@indo.net.id
Date of
Incorporation :
10 June 2003
Legal Form :
Limited Liability Company in British Virgin Islands
Company Reg. No. :
No. 547692
Company Status :
Foreign Investment Company
Permit by the
Government Department :
Not Available
a. WALKER LIMITED
(Investment Holding)
b. NEWHAVEN
TRUSTEES (BVI Limited (formerly known as ATC Trustees (BVI) Limited)
Capital Structure
:
Authorized Capital - US$
50,000.00
Shareholder/Owner
:
WALKER
LIMITED - 100%
Lines of Business
:
General Importing and Exporting Services
Production
Capacity :
None
Total Investment :
None
Started Operation
:
No Comment
Brand Name :
None
Technical
Assistance :
None
Number of Employee
:
4 persons
Marketing Area :
No comment
Main Customer :
Not Available
Market Situation :
No Comment
Main Competitors :
No Comment
Business Trend :
No Comment
B a n k e r :
Unknown
Auditor :
Internal Auditor
Litigation :
No litigation record in our database
Annual Sales :
No Comment
Net Profit (Loss)
:
No Comment
Payment Manner :
No Comment
Financial Comments
:
No Comment
Board of Management :
Directors - a. Mr.
Fernando Oktora Surya Kusuma
b. Mr. Andrias Tanudjaja
Operational
Manager - Ms. Hardyanti
Yustelina AKA Telly Joko
Board
of Commissioners :
None
Signatories :
One of the Directors (Mr. Fernando Oktora
Surya Kusuma or Mr. Andrias Tanudjaja) or Operational Manager (Ms. Hardyanti
Yustelina AKA Telly Joko) which must be approved by the owners of the company
Management
Capability :
Fairly
Business
Morality :
Fairly
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 LTD.
Pursuant to Certificate of Incumbency, ANRICH INVESTMENTS
LTD. (“the Company”) was incorporated in the British Virgin Islands under the
BVI Business Companies Act on 10 June 2003 with Company Registration Number
547692, which was registered under the BVI Business Companies Act on 1 January
2007. The authorized capital is
US$.50,000.00 divided into 50,000 shares of US$.1.00 par value each. The Current Shareholder of the company is
WALKER LIMITED.
We are extremely difficult to trace or
investigate the shareholders of WALKER LIMITED as this company is incorporated
under law of British Virgin Islands. The company’s registered office located at
3rd Floor, J&J Building, PO Box 933, Road Town, Tortola, British
Virgin Island, VG1110 and has work office located at Graha Mustika Ratu, 10th
Floor, Jl. Gatot Subroto Kav. 74-75, Jakarta 12870, Indonesia. The Company is duly incorporated, validly
existing and in good standing under the laws of the British Virgin
Islands. They are the Registered Agent
of and provide the Registered Office to the Company.
Mr. Ali Akbar, an administrative staff of the Company when he was contacted in Jakarta Office explained that ANRICH INVESTMENTS LTD. (AIL) engaged in general importing and exporting services. Beside, AIL is also as business partner of COROMANDEL STAMPINGS & STONES Ltd., of India, engaged in exporter and manufacturer of granite and marbles tiles. But we suspect that since the company establishment up to now the company it has never conducted any business activities.
Until this time ANRICH INVESTMENT (AIL) has
not been registered with Indonesian Stock Exchange, so that they shall not
obliged to announce their financial statement.
The management of AIL is very reclusive towards outsiders and rejected
to disclose its financial condition. In view of AIL having yet to be in
operation commercially as told above, so the financial strength of this company
was only US$.50,000.00 which was an authorized capital according to its Company
Act was issued in BVI. So far we did
not hear that the company registered with the black list of Bank of Indonesia
(Central Bank) or involved in the civil case that settled through the country
court.
The management of ANRICH INVESTMENTS LTD. is led by Mr.
Fernando Oktora Surya Kusuma (40) and Mr. Andrias Tanudjaja (55), both as
director respectively. In daily
activities he is assisted by Ms. Hardyanti Ysutelina AKA Telly Joko (47) as
operational manager. We don’t know much
about their reputation in the business.
So far we have never heard that the board of directors and commissioners
of the company involved in business malpractices or detrimental cases that
settled through the court. The company’s litigation record is clean and they
have never involved in civil or criminal cases or politics in the country.
Considering ANRICH INVESTMENTS LTD., has yet
been commercial operation we recommend to treat prudently in extending a loan
to the company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.16 |
|
|
1 |
Rs.92.73 |
|
Euro |
1 |
Rs.68.23 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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|
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|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
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.