West Java, Indonesia
Pledged :
99.97%
Raised :
99.97%
  • Projected Return

    15.75%

  • Projected Timeline

    8 Months

  • SGD $30,140.00

    Fundraising Goal
  • SGD $30,132.00

    Raised
  • 0

    Days to go
Minimum amount is SGD $10000 Maximum amount is SGD $30140
Edit Investment Amount:
SGD $

* Minimum Investment is SGD $10,000.00.

* Investors may invest in their respective currencies, which will then be converted to IDR. This means that all investments received will be denoted in IDR and payouts will be actualised in IDR. For administrative purposes only however, our documents reflect the investment at the equivalent applicable SGD amount.

  • PT Unggul Pawenang Sentosa (“UPS) has been awarded a work order from PLN, an Indonesian state-owned electricity company.
  • The work order is to conduct the reclamation of transformer oil for PLN’s machines in its warehouse in Rancaekek, West Java. The project scope is for the procurement of spare parts, rental of work tools and operational costs for completing orders from PLN.
  • A long-time partner of PLN, Ethis had previously successfully collaborated with UPS in carrying out projects for PLN's subsidiary company, KPJB. The progress of that project is still ongoing and well monitored.
PT Unggul Pawenang Sentosa (“UPS”)
Founded in 2004, PT Unggul Pawenang Sentosa (“UPS”) is involved in the field of electro-mechanical services, which is inclusive of:
  • Assessment services and performance measurement for motors, generators, transformers, cubicles and electricity transmission and distribution.
  • The overhaul and repair of electric motors, submersible pumps, and generators.
  • The operation of transformer oil purification and regeneration, including minor repairs to transformers.
  • Machining jobs, computer numerical control (CNC) and dynamic balancing.
Founded in 2004, PT Unggul Pawenang Sentosa (“UPS”) is involved in the field of electro-mechanical services, which is inclusive of:
  • PT. Vale Indonesia: TT21 6.6KV Transformer Repair
  • PT. Chevron Pacific Indonesia: 450kW / 1750kW, 6000V Replay
  • PT. Pindonelli: 160KW DC Motor Stator & Rotor Rewinding
  • PT. Rhino NGL: 13200V Reconditioned Stator Coil
  • PT. Freeport Indonesia: 4400 KW KATO Generator Overhaul
  • PT. IKPP Perawang: 1000 KW AC Motor Shaft Replacement
  • PLTU Tarahan Lampung: 125 MVA Transformer overhaul
  • PT. PLN - Main Unit Transmission of West Java: Procurement of Transformer Oil, Cable Oil and SF6 Gas

PT Perusahaan Listrik Negara (“PLN”) is a government-owned electricity corporation that has a monopoly on electricity distribution in Indonesia. It generates the majority of the country’s electrical power, producing 176.4 TWh in 2015. It was included in the Fortune Global 500 lists in 2014 and 2015.

Waspodo Bayuaji, ST.MT.
  • President Director of PT. Unggul Pawenang Sentosa
  • The former chairman of IME SMFTUI (an electrical engineering student association in the University of Indonesia) has been an entrepreneur since college.
  • He has been the President Director of PT. Unggul Pawenang Sentosa since 2004.
  • A personal guarantee letter from the President Director of PT. Unggul Pawenang Sentosa
  • Access to UPS’ bank account

FX RISK 

Investments made in other currencies will be converted to Indonesia Rupiah (IDR) for project use. Investors may incur fx (currency) losses if there is a depreciation in the IDR to their own currency.

Mitigation Measure:

There is no fx guarantee or currency hedging done for investors. A higher projected ROI has been agreed upon with the project company to account for this risk.

PAYMENT RISK

Due to delays in the machine acceptance testing process, there is a risk that the payment process will take a long time.

Mitigation Measure: UPS will complete the work order within 3 months, and will take another 3 months to account for the acceptance testing and invoicing process. Ethis added a 2-months buffer as a precaution against any potential delay, giving the project total duration of 8 months.

Investors will appoint PT SMB to enter into a Musharakah partnership with UPS. The purpose of this Musharakah partnership is to allow UPS to receive funding necessary for the completion of the working order from PLN.

UPS will issue the invoice to PLN after the work order is completed. PLN will make the payments to UPS’s bank account in which Ethis will be given access.

Upon receiving the payment, UPS will pay the investors their capital and profit (if any) and the Musharakah partnership will be dissolved.

IMPORTANT NOTE

This investment opportunity is based on a
first come first serve basis. Your investment is secured only after your transfer-proof has been received. A pledge is merely an interest to invest and does not guarantee you a slot in this investment.

DISCLAIMER

This campaign facts and the content herein do not constitute as any financial advice, or solicitation for the purposes of making financial investments in Indonesia or other territories. Ethis.co is a platform specialising in the match-making of opportunities to those who register themselves as members on the Ethis platform. With regards to these opportunities, the need and onus to do due diligence lies squarely with our members as we do not profess to advise on the same. All dealings and transactions are directly with the businesses, project owners or authorised agents we refer to our members.

RISK NOTE

In the event of non-performance or default by the project owner, Ethis will initiate a recovery process and handle the initial administrative steps. Should there be a need to pursue further action, investors will need to agree to and bear any additional costs incurred.

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