Central Jakarta, Indonesia
Pledged :
119.93%
Raised :
100.00%
  • Projected Return

    9.07%

  • Projected Timeline

    6 Months

  • SGD $200,749.00

    Fundraising Goal
  • SGD $200,756.00

    Raised
  • 0

    Days to go
This campaign is fully funded.

KEY HIGHLIGHT OF THE PROJECT

PT. Telaga Pelangi (“Telpa”) is a partner of PT. Telkom Akses (“Telkom”) and, is trusted to carry out development, maintenance operations and migration of FTM (Fiber Termination Management).

Telpa received a work order from Telkom for development and renewal of the FTM at Telkom Gambir branch, Jakarta. Preparatory work has started since January 13th, 2021.

Telpa has done two campaigns with Ethis prior to this. They have maintained a good track record in all previous collaborations.

OVERVIEW OF THE COMPANIES

PT. Telaga Pelangi (“Telpa”) is a contracting company offering construction services, established in 2010. Telpa has the competence to work on IT engineering, Structural, Architectural, Telecommunication networks and quarry construction projects throughout the territory of the Republic of Indonesia.

In 2019, Telpa began to focus on telecommunication sector because there is an increase in demand due to the fast-growing number of internet users in Indonesia.

TelkomAkses

PT. Telkom Akses (“Telkom”) is a subsidiary of PT. Telekomunikasi Indonesia Tbk which is engaged in the business of providing construction services and managing network infrastructure.

Telkom is building a fiber optic network and providing internet connection to the property by deploying 30 terra route nodes and approximately 8,500+ km of fiber optic cable. With their 2 popular product brands, Indihome and Astinet, Telkom supports fiber to home connections as well as backbone networks for broadband wireless connection.

PROJECT PARTNER

Arbilly

Mr.Arbilly Kusuma
Director Of PT Telaga Pelangi

Has more than 10 years experience in interior design and construction services.

Has a good network in telecommunication sector.
Proven partner with 3 successful campaigns within the Ethis Group.

SAFEGUARDS

A personal guarantee from Director/Shareholder and Commissioner of PT. Telaga Pelangi.

KEY RISKS AND MITIGATION MEASURES

FX Risk

This campaign is denominated in Indonesia Rupiah (IDR), and therefore impacts non-Indonesian Investors who have to bear FX risk should there be a depreciation in the IDR.

Mitigation Measure: There will be no exchange rate guarantee given or currency hedging done for investors. Instead, a higher projected ROI has been negotiated with the project company to account for exchange rate risks. The given projected ROI is the final returns investors should take into their consideration.

Payment Risk

The working timeline may get delayed due to less workers allowed to work on the ground during semi lockdown rules in Jakarta.

Mitigation Measure: Ethis added 1 month buffer in case the development gets delayed.

INVESTMENT STRUCTURE

Musharakah (Partnership) Agreement

Investors will appoint PT. SMB to enter into a Musharakah partnership with Telpa. The purpose of this Musharakah partnership is to allow Telpa to receive funding necessary for the accomplishment of the work order from Telkom.

EXIT STRATEGY

Telpa will issue the invoice to Telkom after the work is completed. Telkom will make payment to Telpa’s bank account in which Ethis will be given access with a standing instruction.

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

Note
PT. SMB is a registered project management company in Indonesia, Ethis Indonesia’s sister company, managed and operated by Ethis Indonesia.

FTM ROOMS

Photo Survey at FTM Room Telkom Gambir that needs renewal.

A sample of a good standard FTM room.

PROGRESS UPDATE

IMPORTANT NOTE

As this is a time sensitive project, investors are required to provide the proof of transfer within 24 hours of pledging.

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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