- Projected Return
- Projected Timeline
SGD $34,349.00Fundraising Goal
0Days to go
CV Surya Adi Jaya
CV Surya Adi was founded in 2019 and has become a supplier of mining and agricultural products to various large companies and state-owned companies. With Varia, Surya Adi is a main supplier of silica sand with a good track record of payment from Varia.
PT Varia Usaha Beton (“Varia”) is a subsidiary of PT. Semen Indonesia, and manufactures various kinds of concrete products such as ready-to-use concrete, precast concrete, concrete masonry, crushed stone, construction services, and rent equipment services.
RAFFLI HANGGARA DIPUTRA
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.
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.
DELAYED PAYMENT RISK
Varia has a good record of payments by providing a Local Letter of Credit. From the previous project with Ethis, there was a slight delay due to limited on workers in Varia office during the pandemic and made invoicing process was rather slow. There is a risk that the invoicing process will slower again due to Ied Mubarak holiday.
The stock of silica sands is ready to be shipped, the delivery process will take 1 week only. After delivery received the invoice will directly issued and the local Letter of Credit can be processed. Total tenor of this project is 2 months and Ethis give 1 month as a buffer for the risk of delay.
Investors will appoint PT SMB to enter into a Musharakah partnership with CV Surya Adi Jaya. The purpose of this Musharakah partnership is to allow Amazone to receive funding necessary for the accomplishment of the purchase order from PT Varia Usaha Beton.
– Surya Adi will issue invoices to Varia after delivery received. Varia will make payments to Surya Adi by the Local Letter Of Credit to Surya Adi’s bank account, which is Ethis has been given open access to it.
– Upon receiving the payments, Surya Adi will pay the investors their capital and profit (if any) and the Musharakah partnership will be dissolved.
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.
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.
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.