ANALISIS KELAYAKAN INVESTASI PENGEMBANGAN USAHA INDUSTRI SAYUR OLAHAN BEKU PADA PT. KEMFARM INDONESIA

Rahrnan, Arief (2002) ANALISIS KELAYAKAN INVESTASI PENGEMBANGAN USAHA INDUSTRI SAYUR OLAHAN BEKU PADA PT. KEMFARM INDONESIA. Masters thesis, Institut Pertanian Bogor.

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

Abstract

The objective of this research is to determine the investment feasibility on business development through deep examination on business feasibility aspect, technical feasibility aspect, and financial feasibility aspect. The research was done using descriptive method on case study. The study on business and technical feasibility was done based on qualitative and quantitative analysis through market aspect and industrial environment approach. Industry analysis exploits Porter's five forces theory in enhancing competition: 1977. Study on technical aspect feasibility consists of study on production processes, the balance of production equipment; production infrastructure; and employee used in production. Financial feasibility analysis comprises analysis of consecutive five year. company's financial condition, and also additional investment analysis to examine Net Present Value (NPV), Internal Rate of Return (IRR), Profitability Index or B/C Ratio, and Payback Period (PEP). Revenue of the cash flow was set up based on quantitative projected sales using time series method - decomposition model and simple regression. The final result of the analysis on business development, based on business; technical; and financial approach, is feasible. Company's financial condition is growing positively. Company has good financial condition in overcoming their current liabilities, its Current Ratio and Quick Ratio is improving year by year - toward liquid financial performance. The company's ability to book profit, based on Profit Margin and Return on Equity, is improving whereas PM and ROE (2001) was 5,42% and 12.45% consecutively. Additional investment of Rp.6.450 millions, which is 70% of the amount or Rp.4.515 millions is financed by bank loan, will be paid back in five years - in 2007. The result of investment differential calculation on business development - incremental analysis, using discount factor of 14,11%, is as follows : (a) Net Present Value (NPV) is Rp.4.235.682 thousands, (b) lnternal Rate of Return (IRR) is 32,67%, (c) Profitability index or B/C Ratio is 1,66, and (d) Payback Period (PEP) is seven years and eight months. Business development will be unfeasible if sales decrease 10% along with cost rise up 5% (moderately sensitive), while loan interest and the rate of SEI are not significantly influenced feasibility of business development (less sensitive).

Item Type: Thesis (Masters)
Uncontrolled Keywords: Sayur Beku Olahan, PT. Kemfarm Indonesia, Manajernen Keuangan, lnvestasi Pengembangan Usaha, Kriteria Investasi, Studi Kasus
Subjects: Manajemen Keuangan
Depositing User: Staff-3 Perpustakaan
Date Deposited: 31 Dec 2011 02:14
Last Modified: 31 Dec 2011 02:14
URI: http://repository.sb.ipb.ac.id/id/eprint/564

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