Arson Aliludin
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Reuse Wastewater Effluent of PT Krakatau Steel as Alternative Raw Water Source for Clean Water Production in PT Krakatau Tirta Industri Handayani, Fenti; Aliludin, Arson
The Indonesian Journal of Business Administration Vol 2, No 15 (2013)
Publisher : The Indonesian Journal of Business Administration

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Abstract

PT Krakatau Tirta Industri is a subsidiary company of PT Krakatau Steel, was established on February 28, 1996, which the main business is providing and distributing clean water for domestic and industrial customer in Cilegon City. PT KTI started commercial operations in 1978 as part of Division Water Supply and Distribution PT Krakatau Steel. PT KTI has installed capacity 2.000 liter/second with current utilization reaches 60%. Currently PT Krakatau Tirta Industri faced the strategic problems related water supply services such as (i) the development planning of PT Krakatau Steel as holding company (ii) the potential development in industrial and domestic sector in Cilegon City and surrounding (iii) the limitation of availability raw water sources in Cilegon City and reliability of potential capacity can be taken from existing raw water sources, Cidanau River, (iv) government regulation related to water sources management, (v) potential development in national market for drinking water sector referred to Government for MDGs Program at 2015. All strategic problem impact to the water needs of consumers exceeded the capacity of water production from PT KTI. Therefore, in anticipation of water shortages need to increase the capacity of production process and the availability of sources of raw water. Some potential alternative raw water source as follow (i) Optimization Cidanau River (ii) expansion Krenceng DAM (iii) reuse effluent wastewater PT Krakatau Steel (iv) seawater Desalination Treatment Plant.  From all alternatives used the weighted method then the first program for realization is Reuse Effluent Wastewater Krakatau Steel. The mainstay flow of water source from Krakatau Steel is 280 liter/second. At the first stage the installation will be design with flow 150 liter/second, and expected will produce clean water 100 liter/second, which the product fulfill the standard from Ministry of Health No. 416/1990, suitable with the product from existing production. The treatment process is different from the existing production processes; there will be applied combined technology, conventional and membrane technology. The location of installation will be taken on land owned by PT Krakatau Steel, near from raw water sources and existing distribution pipeline network. Keywords: raw water, effluent wastewater, reuse, water supply. 
Financial Performance Analysis to Reformulate Business Strategy (Case Study: Bank Syariah Mandiri KCP XYZ) Rachmadiah, Euis; Aliludin, Arson
The Indonesian Journal of Business Administration Vol 2, No 8 (2013)
Publisher : The Indonesian Journal of Business Administration

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The purpose of this research is to analyzing Financial Performance of KCP XYZ of PT Bank Syariah Mandiri in order to reformulate business strategy and its implementation plan. The strategy formulation is conducted with evaluating its current performance as a first stage element. Financial Performance analysis by 4 financial ratios; ROA, BOPO, NCOM, FDR and 4 growth ratios; Growth of Assets, Growth of Depositor Funds, Growth of Financing and Growth of Net Earnings, is chosen to evaluate the position of KCP XYZ comparing to other nine KCP under supervision of Regional R. This research is supported by the primary data (financial data) and secondary data (literature review).Based on financial performance and SWOT analysis results, the KCP XYZ strategy generated is concentration growth strategy. The alternative strategies to accomplish the growth strategy are generated through Ansoff matrix that include: market penetration, product development, market expansion to new markets, and product diversification. Through FGD, the decision of selected strategies and the implementation priority are: market penetration, product development strategy and market expansion.The implementation of the selected strategies are through developing integrated programs and action plan at each functional departments  Keyword: Financial ratios, Growth Ratios, SWOT, Ansoff Matrix
Cost Analysis of Ciputat Residence Sari, Nacita Pramesty; Aliludin, Arson
Journal of Business and Management Vol 2, No 1 (2013)
Publisher : Journal of Business and Management

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This research is made to know the cooperation between landowner and developer to build a residence and to know the system of profit-sharing because for this case, the land is owned by the landowner. The method that used for this research is cost analysis. This research used the data from PT. Promacomm.Landowner and developer made an agreement for the profit-sharing. According to the agreement, landowner will get 35% from revenue of the residence. After the calculation, landowner gets only 22% from revenue. But the developer Final project will discuss all the costs that will be incurred by the developer to build a residence. Scope for the final project is discussed about cost analysis for this project and patterns of cooperation between developer and landowner. The assumption is that all units from this residence were soldout in 2 years, with positive NPV and IRR calculations and according to Indonesias economy is considered stable with inflation at 12%. Inflation is 12% derived from seeing how much the price of raw materials for the property will increase. This paper analysis costs that incurred from developer to developed a residence Keywords: cooperation system, developer company; PT. Promacomm: Ciputat ResidenceCategory: Finance;
Feasibility Study Analysis on Bot Scheme Change (Study Case: PT XYZ) Kartika, Danny; Aliludin, Arson
The Indonesian Journal of Business Administration Vol 2, No 6 (2013)
Publisher : The Indonesian Journal of Business Administration

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XYZ revenue in their core business has been decreasing in the latest years because of the improvement of message delivery. Meanwhile, many property assets that XYZ has are not optimally used, so XYZ makes diversification business strategy to optimize their idle asset by partnership with the partner through business scheme such as “Build, Operate, and Transfer” (BOT). One of the idle property assets of XYZ in which the optimization plan needs to be changed is an idle asset in Banjarmasin, a partnership between XYZ and a partner by optimizing land of XYZ. The concept of the property was mall or shopping centre, later because of financial problem caused by monetary crisis in 2008 and the competition faced makes the revenues decreased. In 2010 the property would be changed to third star hotel concept. The main problem that will be defined in this final project is whether the property asset feasible enough financially to become into hotel, based on the financial parameters that are used in the assumptions. The method used to solve is by analyzing the main root cause of problem, analyzing property industry attractiveness with Porter Five Forces, making feasibility study analysis using discounted cash flow methods of the project, analyzing sensitivity in pessimistic, most likely, and optimistic scenarios, and by giving conclusion about the project feasibility.  The result of feasibility study and sensitivity analysis found out that the project is feasible for both XYZ and partner in all scenarios, except not feasible in pessimistic scenario for XYZ. The project can be implemented by making clear and precise contract and agreement so to avoid terms unclearness in the future, making renovation of interior and exterior of the building and the facilities, and by maintaining the hotel in the operation stage. Key Words: feasibility study, sensitivity, asset, BOT, optimize
Investment Analysis of New Inpatient Wards Project at Ulin Hospital of Banjarmasin Nugraha, Aldilla Wira; Aliludin, Arson
The Indonesian Journal of Business Administration Vol 2, No 3 (2013)
Publisher : The Indonesian Journal of Business Administration

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Adequate health care in a province is one of the primary needs that cannot be neglected. These needs will affect the health and life expectancy of the population of the province. Hospital is one of the health facilities provided by the government or private, in which there are many types of health services one of which is the inpatient ward. The research for this thesis conducted at new inpatient wards project of BLUD Ulin hospital in Banjarmasin. At this time, RS Ulin has ten class inpatient services with a total capacity of 520 beds. The main focus of this thesis is to conduct an investment analysis on new inpatient wards which claimed a total investment cost of Rp. 39,781,562,180. Investment valuation method used is Net Present Value (NPV), Internal Rate of Return (IRR) and payback period (PBP). Alternative funding of this project is 100% through APBD or 60% debt of investment cost. From the analysis it was found that the value of the project by fully APBD funding alternative budget has a greater NPV and IRR and PBP faster the NPV is Rp 28,496,595,592; IRR 14.67%; simple PBP 7 years 5 months; discounted PBP 10 years 5 months while that for second alternative funding the NPV is Rp (1,504,304,542); IRR of 9.15%. The scenarios analysis are set to five scenarios, which are very pessimistic, pessimistic, mostly-like, optimistic, and very optimistic with their respective optimal occupancy rate 56%, 63%, 70%, 77%, and 84%. Under the very pessimistic scenario the project has NPV Rp 10,899,289,212; IRR 11.06%; simple PBP 8 years 2 months; PBP discounted 12 years 7 months Keyword: Hospital, inpatient, BOR, NPV, IRR, PBP
Cost Analysis of Prabumulih Storage Facilities Aldiansah, Erza; Aliludin, Arson
Journal of Business and Management Vol 2, No 2 (2013)
Publisher : Journal of Business and Management

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Cost Analysis of Prabumulih Storage Facilities (a Division of PT. Emprawi) in 2010 and 2011 are: to identify direct costs, indirect costs and cost allocation Jakarta office, classify these costs into variable costs and fixed costs based on behavior of the respective cost. Identification and classification results are used to determine total margin, cost per unit and break-even point (BEP). Direct costs include employee labor, security police, electricity, field examination accommodation, storage maintenance, social contributions, office supplies, and depreciation of assets, while indirect costs include bank administration, bid bond, business licenses and permits. Direct costs and indirect costs plus Jakarta office allocation formed total cost amounting to Rp. 599 million for the year 2010, consisting of 30% variable costs and 70% fixed costs, while for the year 2011 total cost amounting to Rp. 1.150 million consisting of 40% variable costs and 60% fixed costs. This division rented storage space of 7.650 m2 which generated revenues of Rp. 246 million in 2010 with a negative margin of Rp 353 million. While in 2011 it rented 53.850 m2 that generated revenue of Rp. 1,740 million with a positive margin of Rp. 590 million. BEP in 2010 was 54.859 m2 with the actual rent of 7.650 m2 reflecting respectively 63% and 9% of the available capacity of 86.400 m2, while in 2011, BEP was 29.637 m2 with actual rents of 53.850 m2 reflecting 26% and 47% of available capacity of 115.200 m2. To facilitate the cost analysis, it is recommended that PT. Emprawi improves cost information system that enhances a proper cost identification and classification. Keywords: storage facilities, cost identification, cost classification, direct cost, indirect cost, variable cost, fixed cost, Jakarta office allocation and break even point (BEP), PT. Emprawi – Prabumulih
Comparing Determinant of Profitability Between Islamic Banks and Conventional Banks in Indonesia Case Study Eight Islamic banks and Eight Conventional Banks in Indonesia Period 2010 - 2013 Herdiana, Dita; Aliludin, Arson
Journal of Business and Management Vol 3, No 2 (2014)
Publisher : Journal of Business and Management

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The main theme of this research is profitability and focus on finding determinant profitability in Islamic banking. It also explain the differences determinant of Islamic banking and conventional banking in Indonesia. This research uses quarterly bank’s financial report from July 2010 until September 2013 from 8 Islamic banks and 8 conventional banks. The sample selections from Islamic banks are 3 non foreign exchange banks and 5 foreign exchange banks; and, the sample from conventional banks are 1 non foreign exchange bank, 2 state owned banks and 5 foreign exchange banks. This research used multiple regression method as analysis statistic tools to determine which factors affect each dependent variable. The dependent variables are Return on Asset (ROA), Return on Equity (ROE) and Net Interest Margin (NIM). The independent variables from Islamic banks are IB wadiah demand deposit, IB wadiah saving deposit, IB mudharaba saving deposit, IB total saving deposit, IB mudharaba time deposit and IB total depositors funds, mudharaba receivable, placement in Bank Indonesia, placement in other banks, security in investment, then small enterprise credit, non-small enterprise credit, property credit, non-property credit, quick ratio and core depositors to depositors funds ratio. The independent variables for conventional banks are demand deposit, saving deposit, time deposit, cash, placement in Bank Indonesia, placement in other banks, security in investment, small enterprise credit, non-small enterprise credit, and restructured credit property credit. The result showed the independent variables that significantly affects ROA is IB wadiah demand deposit for Islamic banks and demand deposit for conventional banks; the independent variables that significant variable with ROE is IB wadiah demand deposit for Islamic banks and demand deposit for conventional banks; and the independent variables that significant variable with NIM is IB mudharaba time deposit for Islamic banks and time deposit for conventional banks. This research shows depositors’ funds have significant effect for ROA, ROE and NIM. Keywords: Islamic Banking, Conventional Banking, Depositors Funds, Profitability, Multiple Regressions
Valuation of PT Bank Tabungan Negara(Persero) TBK for Acquistion Zuhrah, Fatimah Nur; Aliludin, Arson
Journal of Business and Management Vol 3, No 5 (2014)
Publisher : Journal of Business and Management

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The purpose of this final project is to estimate the company value of PT Bank Tabungan Negara (Persero) Tbk or BTN as short, which is an Indonesian government-owned Bank in the form of a limited liability company and is engaged in the country’s mortgage loans sector, housing, banking financial services and Islamic banking. Its vision is to be the leading bank in housing finance in Indonesia. At the beginning of February 2014 there was an issue that PT Bank Tabungan Negara (Persero) Tbk or BTN will be acquired. Many banks were deemed to acquire BTN, but Bank Mandiri shows the most interest. Although the plans of acquiring BTN by Bank Mandiri were recently informed to have failed, Bank Mandiri claimed to still hold interest to acquire BTN and that the acquisition is highly possible even if it doesn’t happen in year 2014. In 2013, BTN was reviewed to have shown good performance in the business, but unexpectedly news about BTN going to be acquisitioned arise. Some viewed that the acquisition is not necessary. Up until now there are no banks that have a good position like BTN who focuses well on housing finance for the middle to low class market. The process of acquisition by another bank with a different business focus would make BTN lose its core focus; as a fact BTN now controls nearly 98% lower intermediate housing market. Therefore, the purpose of this final project is to examine the company value of BTN assuming it will be acquisitioned. The author will use valuation using numbers from BTN’s financial report and a review of its financial performance from year 2009 to 2013 using the valuation principles and methods specifically for valuing Banks which are: dividend discount model, cash flow to equity model, excess return model and relative valuation model. The values of equity per share generated from all four models respectively are Rp 823, Rp 1,489, Rp 857, Rp 869 compared to the actual market value per share of BTN by the end of year 2013 of Rp 870. Seeing that in actual BTN is currently performing well in the stock exchange, there is no need for an acquisition. Merely based on the calculations in this research, BTN is actually worth below its market value which is an advantage for the acquirer.
Economical Feasibility Study of SAGARA UPALA Hotel Construction in Pangandaran Rasyid, Adhytia Azhari; Aliludin, Arson
Journal of Business and Management Vol 4, No 1 (2015)
Publisher : Journal of Business and Management

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Abstract- Any investations are hopefully make a positive return in long term or mid term, but it is always have risk when you spend a money for investation.This research aimed to find the investment feasibility of the company project  so the company can make the correct decision for the investment plan. To solve the problem this research calculate the value of Net Present Value (NPV), investment Interest Rate of Return (IRR), the Investment Payback Period (PBP) of the project The object of this research is a hotel construction in Pangandaran beach, Jawa Barat, Indonesia by PT Graha Mitra Properti. The project will stated as feasible if the Net Present Value (NPV) is higher than 0 (NPV>0) and the Interest Rate of Return (IRR) is higher than the rate of return. The lifetime of this project is 30 years. This research will only explain economical feasibility study based on investment, cash inflow and cash outflow and there are several assumption in this research to limit the the scope of the final project. Keywords: B2B marketing, e-commerce, technology acceptance model (TAM), consumer behavior, building material 
Proposed Financial Strategy of Paid Up Capital Requirement for Bank Sumsel Babel Syariahs Spin Off in 2020 Faradhipta, Adrian Chandra; Aliludin, Arson
The Indonesian Journal of Business Administration Vol 3, No 10 (2014)
Publisher : The Indonesian Journal of Business Administration

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Abstract. Indonesia Banking Act  No. 21 issued on 16 July 2008, and Bank Indonesia Regulation No. 11/10/PBI/2009 or known as PBI No.11 regarding Sharia Business Unit enacted on 19 March 2009. Both regulations require all conventional banks which owned Sharia Business Unit (UUS) to spin off their UUS becoming general Islamic Bank or known as Bank Umum Syariah (BUS). Bank Sumsel Babel that has Sharia Business Unit called Bank Sumsel Babel Syariah is also no exception in these regulations. They have to obey the rules and doing spin off at least in 2023.In 2011 Bank Sumsel Babel had already gave a proposal to Bank Indonesia. They already arranged the the scenario of paid up capital. In meantime there are a lot of factors affected Bank Sumsel Babel operation. They just only could gather 232 Billion up till 2014, this lead Bank Sumsel Babel Syariah being struggle with their own plan to do spin off in 2020. In order to find out the solution, the writer of this thesis analyse the available options for Bank Sumsel Babel to get additional paid up capital from various sources. Based on the analyses and some considerations the best option for Bank Sumsel Babel is doing IPO about 25% of it shares to public with totalKeywords: international expansion, market growth strategy, lubricant market, passenger cars and pickup trucks sectors, flanking strategy, Hambrick and Fredrickson’s framework of strategy.