Articles

Review on the Risk Assessment to Determine Guarantee Fee Standardization (Case Study: PT XYZ, Jakarta)

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This article thoroughly examines the process of creating a guarantee fee structure based on risk assessment, specifically focusing on PT XYZ as a case study. This addresses the necessity for a systematic methodology to ascertain guarantee fees that precisely reflect the related risks while guaranteeing fairness and openness. The report emphasizes the significance of infrastructure development in driving Indonesia’s economic growth and the contribution of state-owned firms such as PT PII. The existing techniques for determining guarantee fees are uneven and need a systematic approach, resulting in protracted negotiations and possible biases. This study seeks to close this divide by presenting a standardized approach derived from thoroughly examining existing literature and evaluating risk factors. These risk factors encompass credit rating, financial stability, loan duration, guarantee scope, project intricacy, past performance, and contingency planning. The methodology’s success is demonstrated through its application to PT XYZ Project A, validating its practicality. The results highlight the framework’s capacity to offer transparent and fair calculations of guarantee fees that precisely represent the risk profiles of projects.

Increasing the Effectiveness of the Budget Organizations through the Influence of Financial Control

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The article examines the issue of increasing the effectiveness of the budget organizations through the influence of financial control. In addition, the article studies research papers of scholars–economists on financial control, the activities of financial control bodies to ensure the purposeful spending of funds of budget organizations, as well as analytical operations performed. In reliance upon the research outcomes, the author has developed relevant conclusions.

Business Valuation for Company Decision Making Case Study of: PT HIJ

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The spread of COVID-19 and technological advancement has opened many doors for start-up company around the world, especially in Indonesia. Due to the nature of the virus where it may spread through physical contact, people have been avoiding going out, aligned with government policy that restrict citizen movement such a lockdown. The consumer behaviour began to shift as shown by number of people cooking at home, and number of delivery service are increasing. Seeing opportunity to serve in this market, PT HIJ is then founded to provide timely full set of fresh high-quality ingredients ready to cook delivered to the door of the customer. After one year of operation, the management experienced shortage of fund to grow the business and believed that it is right to source for new funding from the investors. As the management team have no experience in performing valuation, they would like to receive an insight about the valuation of their business. The study will cover the business model of PT HIJ, start-up ecosystem, analysis of the business environment and evaluation of valuation method. Based on the study, PT HIJ has a solid business model to grow its business. The trend of digitalization, government support and rising health awareness will benefit the company as one of the new start-ups itself. Also include in this study is valuation process performed using discounted cash flow method, venture capital method and scorecard method. It can be concluded from the three techniques, the valuation resulting in an enterprise value ranging up to IDR 470 million, with the median of valuation at IDR 262 million.