We researchers are often asked to conduct research on companies and
sometimes it is not possible to give a definitive answer because the
information is not always there to be found, or because by the very
nature of a fraud, the truth is hidden.
As yet, I have not been able to confirm the company?s existence at the
Ministry of Industry, Indonesia, as their site is not responding at
the moment. I am posting my answer now as I consider I have sufficient
information for you, I will however, return to their site later and
carry out the search.
In this case, I think you would be best advised not to deal with the company.
My reasons are:
Wrong structure of the company. They are confused as to whether they
are a partnership or a limited liability company.
Unreliable statements concerning their establishment date.
Insufficient evidence of good trade references.
Domain name only registered for one year.
Different telephone numbers in different parts of Indonesia.
Their web site states they started business in February 2006.
The domain name was created in April 2006 and only lasts one year.
Jln.Todak Revindo Industrial Park Blok D4 No.36 Batu Ampar
Creation Date: 17-Apr-2006
Expiration Date: 17-Apr-2007"
They only appear on self-promoting business web sites such as ecplaza and alibaba.
On ecplaza they supplied the establishment date of August 2005.
?Founded Date 8/2005
No. of Employees 40 to 49
# Capital Assets 100,001 to 500,000 US$
# Annual Revenue 50,001 to 100,000 US$
# Net Revenue 50,001 to 100,000 US$
Company Dimension Small, Corp., Listing?
They only joined timway trading on 21 April 2006, but this is not the
date the company was established.
Whatever the date this company is alleged to have commenced trading,
there is an insufficient history of their activities from satisfied,
or unsatisfied customers, to provide evidence that they are a reliable
Their About Us contains phrases which appear on other similar web
sites. This is often found on fraudulent web sites.
?with our extensive inventory, superb customer service, rock bottom
prices and experience, etc?
?then please let us take you to a journey into the world of our?
The address appears genuine in that there is a trading estate by that
name, but I have been able to find any corroborating information that
ties down the address any further.
The telephone numbers provided on both the domain name registration
and the web site are different, and do not match the Batam telephone
On the About Us page reference is made to NPWP. This is Nomor
Pendaftaran Wajib Pajak which is a personal and company tax number. I
cannot check this number.
"CV" in the company name is the abbreviation of "Commanditaire
Vennootschap", which means a limited partnership. However, they give
their Business State as PMA. PMA is a joint venture between
Indonesian and foreign partners. A joint venture of this nature must
be registered under a Limited Liability company. They are therefore
totally confused as to their company?s correct legal position. You may
consider that this information has been placed there without knowing
as to its true meaning.
Partnerships in Indonesia
?>Partnership in any of three kinds:
Maatschap or Persekutuan Perdata
Firma or Firm
Commanditaire Vennootschap or Persekutuan Komanditer
Foreign persons may not be partners in a Persekutuan Perdata, a firma
or a commanditaire vennootschap. Accordingly, we have not dealt with
this type of entity here.?
?A PMA company is generally considered to be a joint venture (JV)
between foreign and Indonesian partners. Such a partnership can
involve corporations or individuals. The law states that the joint
venture should take the form of a Limited Liability company (denoted
as Perseroan Terbatas - PT) and is subject to Indonesian Corporate
Limited liability companyies
As I stated, I will try the Ministry of Industry later and let you
know of the result.
My conclusion is therefore not to deal with this company.
You can see my experience in this area by looking at my previous
answers on this subject.
I hope this answers your question. If it does not, or the answer is
unclear, then please ask for clarification of this research before
rating the answer. I shall respond to the clarification request as
soon as I receive it.