Indonesia EEC is a subsidiary company of United States Energy Engineering & Construction (U.S. EEC) that provides services including engineering, design, procurement, project management, construction and construction management, environmental consulting, management consulting, quality assurance and quality control, information management, operations and maintenance, and process technology development.
U.S. EEC’s management wants Indonesia EEC to deliver a good financial performance. As a subsidiary company of U.S. EEC, Indonesia EEC sets the following objectives for the products and services lines of EPC power generation and power delivery projects:
- Expand customer awareness over the planning period.
- Reduce competition and risks while lowering price levels by establishing a joint venture with a reputable local company who also has experience in performing EPC power projects.
- Pursuing not only EPC prospects, but also BOO, BOT, BLT, B&R, and ECC prospects.
- Utilizing the joint venture company as the main entity of EEC to conduct business in Indonesia, and to provide all aspects of energy engineering services.
2.1 Company Ownership
Indonesia EEC was created as an Indonesian “Perseroan Terbatas” (PT.) corporation based in Jakarta, Indonesia, under the Foreign Investment Laws of Republic of Indonesia. The company is owned entirely by the Energy Engineering & Construction company of U.S (U.S. EEC).
2.2 Company History
EEC has been establishing its presence in the Indonesian market since the 1980s by opening and operating a representative office in Jakarta. It recognized the need for establishing a presence as a local company who meets the specific needs of its prospective customers, as well as its larger, long-term U.S. customers who invested in both Indonesia and the Southeast Asia Region.
Indonesia EEC was founded in 1996. Shares in the company are owned entirely by U.S. EEC.
|Gross Margin %||46.00%||46.00%||46.00%|
|Collection Period (days)||72||63||63|
|Other Current Assets||$525,931||$683,710||$920,380|
|Total Current Assets||$21,638,912||$28,130,585||$37,868,096|
|Total Long-term Assets||$710,837||$924,089||$1,243,965|
|Other Current Liabilities (interest free)||$0||$0||$0|
|Total Current Liabilities||$2,478,188||$3,221,644||$4,336,828|
|Total Capital and Liabilities||$22,349,749||$29,054,674||$39,112,061|
|Sales on Credit||$31,098,365||$40,427,875||$54,422,140|
2.3 Company Locations and Facilities
The office is located in downton Jakarta, Indonesia. This location provides convenience, being near the airport, but also allows the company room to grow. Currently, Indonesia EEC occupies an 800-square meter space, with offices for each department.