ANALISIS KELAYAKAN FINANSIAL PEMBANGUNAN PABRIK PENGOLAHAN KELAPA SAWIT DI RIAU (Kemitraan Antara PT. Kurnia Pratama, KUD Dan BUMD)

Arief, Masfar (2001) ANALISIS KELAYAKAN FINANSIAL PEMBANGUNAN PABRIK PENGOLAHAN KELAPA SAWIT DI RIAU (Kemitraan Antara PT. Kurnia Pratama, KUD Dan BUMD). Masters thesis, Institut Pertanian Bogor.

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

Abstract

Establishment of palm oil fabrics require some resources such as intensive capital, therefore it is necessary to conduct research and evaluation in com rehensive and systematically particularly from financial point of view before conducting capital investment. Feasibility study of palm oil fabrics was focused on four main aspect including such as : (1) goods and service market that will be produced, (2) production, technical and technology, (3) management and human resources and (4) financial aspect and economy. Due to research that has been conducted by the writer. the development of palm oil fabrics is feasible. Initial investment budget to develop and operating project is Rp. 257.484.485.000 (Rp. 70.853.814 for fixed asset and Rp. 186.630.671 for working capital). The finance source is comes from some parties such as PT. Kumia Pratama, Local Government of Riau (local enterprise agency). KUD and government bank. . On the condition without loan, the analysis for investment criteria is : (1) NPV = Rp. 81.997.012.000, (2) IRR = 23.1 %, (3) PI = 1.37, (4) payback = 6 years 8 month and (5) ROE (ROI) = 4.66. On the condition that project was financed by loan, the analysis for investment criteria is : : (I) NPV = Rp. 173.052.681.000, (2) IRR = 23.1 %, (3) PI = 1.77, (4) payback = 8 years 6 month and (5) ROE = 32 and ROI = 4.55. While break event point will be achieved when TR = Rp. 2.422.647.499.000 and percentage of margin selling should not less than 81.35 %. On the basis of sensitivity analysis, the changin on variable of CPO selling price and kernel both domestic and foreign will be constant for the year and resulting 8 at the project is infeasible by financial. While changing on fabrics capacity to 21 ton TBS/hour is still possible to operate the fabrics The development of palm oil fabrics is giving some advantage for farmer (a part of harvesting product or TBS will be received, increasing of income, new job employment), PT Kurnia Pratama (financial profit, opportunity for further collaboration, indirectly has carried out social responsibility) and local government of Riau (financial profit, solving TBS problems, solving for unemployment, opportunity for further collaboration). Due to the result, then proposed some recommendation including such as : (1) PT. Kurnia Pratama should arranging working contract or collaboration with CPO and Kernel user industries, (2) agreement concept between PT. Kumia Pratama, KUD, Local government in notary should further evaluated, (3) before decision about development of fabrics will be implemented, it is necessary to monitor investment rate of interest, selling price and market demand for CPO and kernel (4) at the initial stage, it should hire expert agribusiness staff for top management and urgent position.

Item Type: Thesis (Masters)
Uncontrolled Keywords: PT. Kurnia Pratama, Kelayakan Finansial, Kemitraan, Kriteria Investasi, Kelapa Sawit, Crude Palm Oil (CPO)
Subjects: Manajemen Keuangan
Depositing User: Staff-3 Perpustakaan
Date Deposited: 28 Dec 2011 06:27
Last Modified: 28 Dec 2011 06:27
URI: http://repository.sb.ipb.ac.id/id/eprint/495

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