Iwan
Kota Tangerang,#2Consumer Comment
Fri, March 22, 2013
I am in contact with them. I ask my friend who is finance professional in Netherlands to check Bernard or Bernhard and JCA.
This morning i got an email from my friend said nothing good about this co, so i choose to be aware.
Den Jules
Rotterdam,#3Consumer Suggestion
Tue, May 17, 2011
Dear All,
Working for a Dutch bank in Africa I was requested by an old Zambian ckient to do a due dilligence on JCA. The Zambian steel company with big projects in Angola was contacted by JCA several times and wanted to be sure of the company before sending money. The way they work is asking for commitment in sourcing venture capital for companies against through an upfront fee of 1%.
I called JCA introduced myself and spoke with Waltraud today and asked him to do a due dilligence on JCA. Quickly he started pulling out. Saying that his patience with my client was now over, the decission making process took to long and that my client did not want pay anyway. I told him that my client was interested and hired me so no worries there. Then he asked me what I wanted for a due dilligence. I asked him for his annual reports of the last 2 to 3 years then he replied that that was way to complicated because the documents were still with the accountant and followed the conversation that he wanted to end the relationship with my client right there and right now. We said good bey and hang up.
After I read his big stories of project due dilligence and so on I wanted to add this comment to inform all interested people about what happens when you ask for a due dilligence with JCA itself.
My advice do not send any money to JCA before they let you do a proper due dilligence with them
Jules
JCA
Hulst,#4
Wed, August 12, 2009
We understand when our clients have concerns
about paying due diligence fees, but this is clearly explained in our
agreements that clients receive and sign after review and examination. We also
understand that if the project requires that due diligence be performed before
funding can take place then that is exactly what needs to happen. When clients
deny a Funding Source the opportunity to investigate the soundness of the
transaction then the deal stops there. Clients are required to pay for the costs
of verifying and confirming the information provided by a Client. We have
sophisticated investors that do their best to keep from funding bad deals.
Therefore, they have to take steps to confirm the accuracy of the information.
When funding a project can be accomplished without due diligence fees, we are
excited as you. We appreciate that most clients are
truthful, have extensive experience, and have verifiable information. Many clients
have appraisals, audited financial statements, and third party opinions about
their projects. However, you would never go to court and use the other guys
attorney. In financing projects, our Investors require that they have an
opportunity to verify the clients information before writing a check. It costs
money to verify the information, to fly to the clients location, along with
hotel costs, attorney fees, accountant fees, and have individuals who have
expertise in that field to consult with the investor. The client is required to
cover all these costs. When you apply for a home mortgage, you do
not expect the mortgage company to pay for the appraisal. That is a cost the client
must absorb. There are also fees for credit checks, and loan origination. It is
logical to expect to pay appropriate fees. A client always has the opportunity
to verify the creditworthiness of the Investor before paying any fees. In fact, we encourage this. The more comfortable
the client is, the more successful we will be in putting together a deal which
will benefit the clients company, and makes it more profitable. Due diligence fees
are only paid when both sides are comfortable with the project, and there is clear
understanding of the costs of moving forward. Real Funding Sources do not charge fees
just to put the money in their pocket. The Funders that we works with have the capital
to invest in others, they dont need to con a client out of money, and put up
with the headaches that would come with that situation. For clients with real projects, I am confident
that we can alleviate any concerns about due diligence fees, provide the
funding needed to acquire the assets which in turn will generate revenue and increase
the bottom line of the company. We cannot guarantee that a Funder will not
find something in their due diligence that will undo their enthusiasm of moving
forward
We understand when our clients have concerns
about paying due diligence fees, but this is clearly explained in our
agreements that clients receive and sign after review and examination. We also
understand that if the project requires that due diligence be performed before
funding can take place then that is exactly what needs to happen. When clients
deny a Funding Source the opportunity to investigate the soundness of the
transaction then the deal stops there. Clients are required to pay for the costs
of verifying and confirming the information provided by a Client. We have
sophisticated investors that do their best to keep from funding bad deals.
Therefore, they have to take steps to confirm the accuracy of the information.
When funding a project can be accomplished without due diligence fees, we are
excited as you. We appreciate that most clients are
truthful, have extensive experience, and have verifiable information. Many clients
have appraisals, audited financial statements, and third party opinions about
their projects. However, you would never go to court and use the other guys
attorney. In financing projects, our Investors require that they have an
opportunity to verify the clients information before writing a check. It costs
money to verify the information, to fly to the clients location, along with
hotel costs, attorney fees, accountant fees, and have individuals who have
expertise in that field to consult with the investor. The client is required to
cover all these costs. When you apply for a home mortgage, you do
not expect the mortgage company to pay for the appraisal. That is a cost the client
must absorb. There are also fees for credit checks, and loan origination. It is
logical to expect to pay appropriate fees. A client always has the opportunity
to verify the creditworthiness of the Investor before paying any fees. In fact, we encourage this. The more comfortable
the client is, the more successful we will be in putting together a deal which
will benefit the clients company, and makes it more profitable. Due diligence fees
are only paid when both sides are comfortable with the project, and there is clear
understanding of the costs of moving forward. Real Funding Sources do not charge fees
just to put the money in their pocket. The Funders that we works with have the capital
to invest in others, they dont need to con a client out of money, and put up
with the headaches that would come with that situation. For clients with real projects, I am confident
that we can alleviate any concerns about due diligence fees, provide the
funding needed to acquire the assets which in turn will generate revenue and increase
the bottom line of the company. We cannot guarantee that a Funder will not
find something in their due diligence that will undo their enthusiasm of moving
forward
Ethanc
Mattoon,#5Author of original report
Wed, July 22, 2009
The "possible resolution" has been given an additional four months for any activity, but unfortunately has seen zero positive response.
Ethanc
Mattoon,#6Author of original report
Tue, March 24, 2009
The parties mentioned have offered to extend my group an offer than might alleviate the situation if it is successful, and because of that I am agreeing to suspend this listing for a period until a final determination can be reached on the subject. In the event that there is a positive outcome I will consider this issue positively resolved.