Analisis kelayakan finansial proyek pembangunan kebun kelapa sawit dan pabrik pengolahannya milik pt bhp (studi kasus permohonan kredit terhadap bank x)

Tamrin, Husni (2005) Analisis kelayakan finansial proyek pembangunan kebun kelapa sawit dan pabrik pengolahannya milik pt bhp (studi kasus permohonan kredit terhadap bank x). Masters thesis, Institut Pertanian Bogor.

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Official URL: http://elibrary.mb.ipb.ac.id

Abstract

The purpose of this study is to analyze the financial feasibility and the optimum capital structure, i.e.: the composition of financing, tenor, and repayment scheme, for 5.500 hectares plam oil plantation development and 30 tons Fresh Fruit Bunch palm oil mill per hours capacity at PT BHP in Nunukan, East Kalimantan. It is also intended to find out the return for PT BHP and along with the interest income for Bank X as the creditor financing the project, subject to prudential banking practice. The data were collected from PT BHP Management by interview and observation on the spot to the project's site. Data and information was analyzed by comparing it with the assumptions used by investment proposal submitted to the Bank. Investment, leverage and sensitivity analysis were used to analyze the data. The results of the research shows that the project is not feasible if fully financed by PT BHP with required rate of return of 20%. It is feasible if financed by composition of 35% self financing and 65% of Bank's loan (with 13,50% of interest rate) in a 6 - year grace period and 10,5 years installment payment scheme. The leverage analysis showed that the degree of operating leverage is 1,73; the degree of financial leverage is 1,29; and the degree of combination leverage is 2,22. The sensitivity analysis reveals that the project would become not feasible in case of the operational cost increased higher than 30,94%, or production volume decreased more than 19,56%, or CPO and palm kernel price decrease more than 19,97%, or bank interest reaching more than 19,33%. Based on those findings, this study recommens Bank X to choose the composition of 65%: 35% (loan and equity) with a 10.5-year installment payment schedule.

Item Type: Thesis (Masters)
Additional Information: 24(E17)Tam a
Uncontrolled Keywords: Kebun Kelapa Sawit dan Pabrik Pengolahannya (PKS), PT. BHP, Bank X, Struktur Kredit yang Optimal, Analisis Kelayakan Finansial, Analisis Leverage, Analisis Sensitivitas, Studi Kasus.
Subjects: Manajemen Keuangan
Depositing User: Library
Date Deposited: 24 Dec 2011 05:44
Last Modified: 09 Nov 2016 05:54
URI: http://repository.sb.ipb.ac.id/id/eprint/167

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