Financial Planning

PT ABC Kreasi Garmindo

Author:
sonny.senjaya@gmail.com
Preface

Mr Kim, seorang pebisnis dari Korea berencana untuk berinvestasi di Indonesia, yakni
dengan membuka pabrik garment.

Berikut data yang dihasilkan dari feasibility yang sudah dilakukan:

1. Mr Kim berencana memproduksi 50 pcs per 1 satu jam
2. Harga per pcs sebesar Rp.28.000 (naik 10% setiap tahun)
3. Target pertumbuhan sebesar 30% pertahun
4. Gross margin yang di harapakan sebesar 35% per tahun
5. Net income yang di harapakan sebesar 15% - 20% per tahun (tahun ketiga)
6. Skema pembiayaan, 50% modal sendiri, 50% berasal dari pinjaman atau investor
dengan skema bagi hasil
7. Setoran modal awal 2 Milliar
Step – step Menyusun Financial Planning

1. Membuat business model

2. Membuat processing flow
3. Membuat processing time
4. Membuat production calendar & man power planning
5. Membuat production schedule
6. Membuat proyeksi revenue
7. Membuat budget - COGS
8. Membuat budget - OPEX
9. Membuat schedule - CAPEX
10. Membuat depreciation schedule
11. Membuat Equity plan
12. Membuat loan schedule ( jika ada)
13. Membuat profit & loss projection
14. Membuat balance sheet projection
15. Membuat cash flow projection
1. Business Model

Co mpany Name PT ABC Kreasi Garmindo Business Mo del

Industries Garment Manufacturing
Establish Jan-22

Co stumer
Key Partners Key Activities Value Pro po sitio ns Co stumer Seg ment
Relatio nship
- Market place - Desain / patern - CMT & FOB services - Online shop - Warranty two weeks
- Retails - Sewing process - High quality garment - Manufacture
after delivery
- Suppliers - Finishing & QC - In-store/retails experience - Hospitality
- Wholesaler - Packaging - On-time delivery - General industries - Provide services
- Logistic - Distributution & finishing - After sales services - Wholesaler from; material / fabrice
Channels Key Reso urces Revenue Streams Co st Structures selection, design /
- Company web - Sewing operator - CMT services - CMT services
patern, cutting,
- Online store - Designer - FOB services - FOB services
- Social media - Marchendiser - Design & patern - Design & patern sewing, finishing &
- Market place - Supplier - Selling fabrice - Selling fabrice delivery
2. Processing flow
 3. Processing time
* A) Processing time assumption - sewing process
Reduction plan - 2022 Reduction plan - 2023 Reduction plan - 2024
No Sewing proses Durasi (second) Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total
1 Lilit depan 54.00 2.70 1.62 1.62 1.62 7.56 1.39 1.39 1.39 1.39 5.57 1.23 1.23 1.23 1.23 4.90
2 Jahit samping 55.00 2.75 1.65 1.65 1.65 7.70 1.42 1.42 1.42 1.42 5.68 1.25 1.25 1.25 1.25 4.99
3 Obras samping 36.00 1.80 1.08 1.08 1.08 5.04 0.93 0.93 0.93 0.93 3.72 0.82 0.82 0.82 0.82 3.27
4 Pasang lebel 60.00 3.00 1.80 1.80 1.80 8.40 1.55 1.55 1.55 1.55 6.19 1.36 1.36 1.36 1.36 5.45
5 Ziper + pasang lapisan belakang 173.00 8.65 5.19 5.19 5.19 24.22 4.46 4.46 4.46 4.46 17.85 3.93 3.93 3.93 3.93 15.71
6 Nyambung bahan belakang 34.00 1.70 1.02 1.02 1.02 4.76 0.88 0.88 0.88 0.88 3.51 0.77 0.77 0.77 0.77 3.09
7 Ngestik pundak + lapisan bahu 84.00 4.20 2.52 2.52 2.52 11.76 2.17 2.17 2.17 2.17 8.67 1.91 1.91 1.91 1.91 7.63
8 Pasang lup 60.00 3.00 1.80 1.80 1.80 8.40 1.55 1.55 1.55 1.55 6.19 1.36 1.36 1.36 1.36 5.45
9 Jahit tangan 132.00 6.60 3.96 3.96 3.96 18.48 3.41 3.41 3.41 3.41 13.62 3.00 3.00 3.00 3.00 11.99
10 Ngobras pundak + lengan 60.00 3.00 1.80 1.80 1.80 8.40 1.55 1.55 1.55 1.55 6.19 1.36 1.36 1.36 1.36 5.45
11 Pasang lapisan depan + nyetik 108.00 5.40 3.24 3.24 3.24 15.12 2.79 2.79 2.79 2.79 11.15 2.45 2.45 2.45 2.45 9.81
12 nyambung bagian belakang 159.00 7.95 4.77 4.77 4.77 22.26 4.10 4.10 4.10 4.10 16.41 3.61 3.61 3.61 3.61 14.44
13 Jahit lipatan bagian tangan bagian bawah 99.00 4.95 2.97 2.97 2.97 13.86 2.55 2.55 2.55 2.55 10.22 2.25 2.25 2.25 2.25 8.99
Total 1,114.00 55.70 33.42 33.42 33.42 155.96 28.74 28.74 28.74 28.74 114.96 25.29 25.29 25.29 25.29 101.17
Rata-rata waktu per proses 85.69 4.28 2.57 2.57 2.57 12.00 2.21 2.21 2.21 2.21 8.84 1.95 1.95 1.95 1.95 7.78
 3. Processing time
* B) Allowances Times

Fatique @ 10% 8.57 0.43 0.08 0.08 0.08 0.66 0.24 0.24 0.24 0.24 0.95 0.21 0.21 0.21 0.21 0.84
Delay @ 10% 4.28 0.21 0.13 0.13 0.13 0.60 0.11 0.11 0.11 0.11 0.44 0.10 0.10 0.10 0.10 0.39

Total Standard Minutes Values - assumptions 98.55 4.93 2.78 2.78 2.78 13.26 2.56 2.56 2.56 2.56 10.23 2.25 2.25 2.25 2.25 9.01

* C) Production cycle assumption

SMV 98.55 4.93 2.78 2.78 2.78 13.26 2.56 2.56 2.56 2.56 10.23 2.25 2.25 2.25 2.25 9.01
Line setting @ 4 jam / 2500 pcs 0.06 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00
Cutting @ 8 jam / 2500 pcs 0.12 0.01 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.01
Finishing @ 60 jam / 2500 pcs 0.88 0.04 0.03 0.03 0.03 0.12 0.02 0.02 0.02 0.02 0.09 0.02 0.02 0.00 0.00 0.04
Ironing @ 32 jam / 2500 pcs 0.47 0.02 0.01 0.01 0.01 0.07 0.01 0.01 0.01 0.01 0.05 0.01 0.01 0.00 0.00 0.02
Packing @ 20 jam / 2500 pcs 0.29 0.01 0.01 0.01 0.01 0.04 0.01 0.01 0.01 0.01 0.03 0.01 0.01 0.00 0.00 0.01

Total production cycle assumption 100.36 5.02 2.83 2.83 2.83 13.51 2.61 2.61 2.61 2.61 10.42 2.29 2.29 2.25 2.25 9.09

Hasil feasibility menyatakan untuk menghasilkan 1 pcs dibutuhkan waktu 100.36 detik, sehingga total output
selama 1 jam adalah 35,87 atau 287 pcs per hari, per proses. Perusahaan akan terus melakukan efisiensi,
agar processing time bisa lebih pendek.
4. Production Calendar – Based on “Calendar Nasional”
2022 2023 2024
Month
Day Hour Minutes Second Day Hour Minutes Second Day Hour Minutes Second
January 21 168 10,080 604,800 22 176 10,560 633,600 22 176 10,560 633,600
February 19 152 9,120 547,200 20 160 9,600 576,000 20 160 9,600 576,000
March 21 168 10,080 604,800 22 176 10,560 633,600 16 128 7,680 460,800
April 20 160 9,600 576,000 16 128 7,680 460,800 20 160 9,600 576,000
May 15 120 7,200 432,000 21 168 10,080 604,800 20 160 9,600 576,000
June 21 168 10,080 604,800 20 160 9,600 576,000 19 152 9,120 547,200
July 21 168 10,080 604,800 20 160 9,600 576,000 22 176 10,560 633,600
August 22 176 10,560 633,600 22 176 10,560 633,600 22 176 10,560 633,600
September 22 176 10,560 633,600 20 160 9,600 576,000 21 168 10,080 604,800
October 21 168 10,080 604,800 22 176 10,560 633,600 23 184 11,040 662,400
November 22 176 10,560 633,600 22 176 10,560 633,600 21 168 10,080 604,800
December 22 176 10,560 633,600 20 160 9,600 576,000 21 168 10,080 604,800
Total 247 1,976 118,560 7,113,600 247 1,976 118,560 7,113,600 247 1,976 118,560 7,113,600
4. Man power planning Summary – 2022 s/d 2024
Pe riod Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24
Labor
Plant Manage r 1 1 1 1 1 1 1 1 1 1 1 1
De puty Plant Manage r 1 1 1 1 1 1 1 1 2 2 2 2
PPIC 1 1 1 1 1 1 1 1 2 2 2 2
Production Admin 1 1 1 1 2 2 2 2 2 2 2 2
Se wing - Supe rvisor 2 2 3 4 5 6 7 8 10 10 10 10
Se wing - Fore man 4 4 6 8 10 12 14 16 20 20 20 20
Se wing - Ope rator 60 60 90 120 150 180 210 240 300 300 300 300
Finishing - Line 8 8 12 16 20 24 28 30 34 34 34 34
QC - Supe rvisor 1 1 1 1 2 2 2 2 2 2 2 2
QC - Line 2 2 4 6 8 10 12 14 18 18 18 18
QC - Finishing 2 2 4 6 8 10 12 14 18 18 18 18
Cutting - Supe rvisor 1 1 1 1 1 1 1 1 2 2 2 2
Cutting - Fore man 1 1 1 1 2 2 2 2 4 4 4 4
Cutting - Ope rator 4 4 4 4 4 6 6 8 20 20 20 20
Ironing 2 2 4 6 6 8 8 10 20 20 20 20
Packaging 2 2 4 6 6 8 8 10 10 10 10 10
He lpe r 2 2 4 6 6 6 6 8 10 10 10 10
Total Labor 95 95 142 189 233 280 321 368 475 475 475 475
4. Man power planning chart – Based on Production Schedule
 5. Production Schedule Projection - 2022
Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22

TARGET OUTPUT
Sewing output - assumption
Sewing operator 60 60 60 60 60 60 90 90 90 120 120 120
Line sewing 2 2 2 2 2 2 3 3 3 4 4 4
Total working day a month 21 19 21 20 15 21 21 22 22 21 22 22
Target output / day 287 287 287 287 287 287 287 287 287 287 287 287
Target output / hours 35.88 35.88 35.88 35.88 35.88 35.88 35.88 35.88 35.88 35.88 35.88 35.88
Target output / minutes 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60
Total Sewing Output 12,054 10,906 12,054 11,480 8,610 12,054 18,081 18,942 18,942 24,108 25,256 25,256

CAPACITY
Takt time - assumption
Potention demmand - pcs 50,000 50,000 45,000 30,000 35,000 50,000 100,000 100,000 100,000 100,000 100,000 100,000
Costumer daily demmand - second 161.28 161.28 179.20 268.80 230.40 161.28 161.28 161.28 161.28 161.28 161.28 161.28
Standard minute value - second 98.55 98.55 98.55 98.55 98.55 98.55 98.55 98.55 98.55 98.55 98.55 98.55
Cycle time production - second 100.36 100.36 100.36 100.36 100.36 100.36 100.36 100.36 100.36 100.36 100.36 100.36
Efisiensi (delay) time - second 60.92 60.92 78.84 168.44 130.04 60.92 60.92 60.92 60.92 60.92 60.92 60.92
Cycle Time Efisiensi 38% 38% 44% 63% 56% 38% 38% 38% 38% 38% 38% 38%

Production capacity - assumption

Cycle time production 100.36 95.34 95.34 95.34 92.51 92.51 92.51 89.68 89.68 89.68 86.85 86.85
Working hours - second 604,800 547,200 604,800 576,000 432,000 604,800 604,800 633,600 633,600 604,800 633,600 633,600
Output - pcs 6,026 5,739 6,344 6,042 4,670 6,538 6,538 7,065 7,065 6,744 7,296 7,296
Cycle time reduction - second 5.02 - - 2.83 - - 2.83 - - 2.83 - -
Cycle time production - second 95.34 95.34 95.34 92.51 92.51 92.51 89.68 89.68 89.68 86.85 86.85 86.85
Production capacity - pcs 6,344 5,739 6,344 6,226 4,670 6,538 6,744 7,065 7,065 6,964 7,296 7,296
Total line production 2.00 2.00 2.00 2.00 2.00 2.00 3.00 3.00 3.00 4.00 4.00 4.00
Total production capacity 12,687 11,479 12,687 12,453 9,340 13,075 20,232 21,196 21,196 27,856 29,182 29,182
 5. Production Schedule Projection - 2022
Target output vs production capacity
Target Output 12,054 10,906 12,054 11,480 8,610 12,054 18,081 18,942 18,942 24,108 25,256 25,256
Production capacity 12,687 11,479 12,687 12,453 9,340 13,075 20,232 21,196 21,196 27,856 29,182 29,182
Production capacity available 5% 5% 5% 8% 8% 8% 11% 11% 11% 13% 13% 13%

Overtime Plan
Overtime (Max 40 hours/month) 144,000 144,000 144,000 144,000 144,000 144,000 144,000 144,000 144,000 144,000 144,000 144,000
Output 1,510 1,510 1,510 1,557 1,557 1,557 1,606 1,606 1,606 1,658 1,658 1,658
Total Production Plan 14,198 12,989 14,198 14,009 10,896 14,632 21,838 22,801 22,801 29,514 30,840 30,840

Production plan from demmand 68.40% 65.98% 71.55% 86.70% 71.13% 69.26% 51.84% 52.80% 52.80% 59.51% 60.84% 60.84%
Production plan (own plant) 14,198 12,989 14,198 14,009 10,896 14,632 21,838 22,801 22,801 29,514 30,840 30,840
Production plan (third parties) 20,000 20,000 18,000 12,000 14,000 20,000 30,000 30,000 30,000 30,000 30,000 30,000
Total production plan 34,198 32,989 32,198 26,009 24,896 34,632 51,838 52,801 52,801 59,514 60,840 60,840

Dari chart di atas, dapat dilihat agar perusahaan bisa mencapai target kapasitas yang di inginkan,
perusahaan melempar sebagian proses produksi kepada pihak ketiga.

Dan total output yang diharapkan baik dari produksi sendiri dan pihak ketiga di akhir tahun (Desember 2022)
diharapakan mencapai 50% dari potensi demand.
5. Production Schedule – Summary Output from 2022 - 2024

Period Qty Grwoth (%)

Q1-22 99,384 100%
Q2-22 85,538 -16%
Q3-22 157,441 46%
Q4-22 181,194 13%
Q1-23 294,527 38%
Q2-23 320,943 8%
Q3-23 388,621 17%
Q4-23 423,592 8%
Q1-24 534,840 21%
Q2-24 535,960 0%
Q3-24 599,209 11%
Q4-24 600,109 0%
Total 4,221,358 21%
5. Production Schedule – Output Growth per Quarterly

Period Qty Grwoth (%)

Q1-22 111,384 100%
Q2-22 91,538 -22%
Q3-22 187,441 51%
Q4-22 211,194 11%
Q1-23 294,527 28%
Q2-23 320,943 8%
Q3-23 388,621 17%
Q4-23 423,592 8%
Q1-24 534,840 21%
Q2-24 535,960 0%
Q3-24 599,209 11%
Q4-24 600,109 0%
Total 4,299,358 20%
5. Production Schedule – Capacity vs Target Output

Q1 -22 Q2 - 22 Q3 - 22 Q4 -22 Q1 -23 Q2 - 23 Q3 - 23 Q4 -23 Q1 -24 Q2 - 24 Q3 - 24 Q4 -24

Production Capacity 41,384 39,538 67,441 91,194 114,527 125,943 163,621 198,592 354,840 355,960 359,209 360,109
Target Output 111,384 91,538 187,441 211,194 294,527 320,943 388,621 423,592 534,840 535,960 599,209 600,109
% Capacity 37% 43% 36% 43% 39% 39% 42% 47% 66% 66% 60% 60%
Dari table di atas, dapat diketahui bahwa kapasitas produksi yang tersedia, masih belum bisa memenuhi target output
yang diharapkan, sehingga masih perlu investasi CAPEX.
5. Production Schedule

Q1 -22 Q2 - 22 Q3 - 22 Q4 -22 Q1 -23 Q2 - 23 Q3 - 23 Q4 -23 Q1 -24 Q2 - 24 Q3 - 24 Q4 -24

Demmand 145,000 115,000 300,000 300,000 450,000 550,000 750,000 750,000 900,000 900,000 1,200,000 1,200,000
Capacity - Own Production 41,384 39,538 67,441 91,194 114,527 125,943 163,621 198,592 354,840 355,960 359,209 360,109
Capacity - Subcount 111,384 91,538 187,441 211,194 294,527 320,943 388,621 423,592 534,840 535,960 599,209 600,109

Dari chart ini, dapat diketahui bahwa potensi demand sangat tinggi, sehingga return dari investasi sangat
memungkinkan sesuai schedule dan resiko bisnis nya masih sangat kecil karna pasar terus bertumbuh.
6. Revenue Projection

Assumption FY-2022 FY-2023 FY-2024

Target Output
Line Capacity 239,557 602,682 1,430,119
Third Party Capacity 362,000 825,000 840,000
Total Output 601,557 1,427,682 2,270,119

Selling Price 28,000 30,800 33,880

Total Revenue 16,843,592,084 43,972,614,828 76,911,624,430
6. Revenue Projection

Period Rev. Projection Growth (%)

Q1-22 3,118,764,188
Q2-22 2,563,052,871 -21.68%
Q3-22 5,248,343,195 51.16%
Q4-22 5,913,431,830 11.25%
Q1-23 9,071,421,291 34.81%
Q2-23 9,885,043,249 8.23%
Q3-23 11,969,520,404 17.41%
Q4-23 13,046,629,884 8.26%
Q1-24 18,120,381,761 28.00%
Q2-24 18,158,327,583 0.21%
Q3-24 20,301,207,283 10.56%
Q4-24 20,331,707,803 0.15%
Average 13.49%
6. Revenue Projection – Growth Plan
7. Budget – COGS

2022 2023 2024

Labor Cost 6,357,000,000 15,248,700,000 23,987,250,000
Material & Consumable 598,892,150 1,732,711,611 4,728,330,232
Overhead 982,130,000 2,242,383,000 3,908,852,500
Total COGS 7,938,022,150 19,223,794,611 32,624,432,732

2022 2023 2024

COGS 7,938,022,150 19,223,794,611 32,624,432,732
Output Produksi 239,556.86 602,682.30 1,430,119
Cost Per Unit 33,136.28 31,897.06 22,812.39

Jika di lihat trend 2022 – 2023, perusahaan mengalami kerugian, hal ini disebabkan kapasitas produksi
yang terlalu kecil, sehingga cost per unit yang di dapatkan 33.136 (2022) dan 31.897 (2023) dibandingkan
harga jual yakni, 25.000 (2022) dan 28.750 (2023). Perusahaan dapat menutupi kerugian yakni dengan
meningkatkan kapasitas produksi yang di miliki pihak ketiga sampai kapasitas produksi sendiri mencukupi,
seperti yang terlihat dari table di atas, dimana di tahun 2024 cost per unit hanya 22.812, sementara harga
jualnya 33.063
7. Budget – COGS Summary – 2022

Q1-22 Q2-22 Q3-22 Q4-22 Y-2022

Labor Cost 1,177,500,000 1,177,500,000 1,726,500,000 2,275,500,000 6,357,000,000
Material & Consumable:
Thread (benang) 20,692,218 19,768,801 33,720,414 45,596,997 119,778,430
Button (kancing) 10,346,109 9,884,401 16,860,207 22,798,498 59,889,215
Packaging (OPP) 5,173,054 4,942,200 8,430,104 11,399,249 29,944,608
LPG 15,519,163 14,826,601 25,290,311 34,197,748 89,833,823
Others 51,730,544 49,422,003 84,301,035 113,992,492 299,446,075
Total Material & Consumable 103,461,088 98,844,006 168,602,071 227,984,985 598,892,150
Overhead Cost:
BPJS 105,975,000 105,975,000 155,385,000 204,795,000 572,130,000
Workshop Rent 75,000,000 75,000,000 75,000,000 75,000,000 300,000,000
Setting Power & Electricity 50,000,000 - - - 50,000,000
Utilities & Maintenance 15,000,000 15,000,000 15,000,000 15,000,000 60,000,000
Total Overhead Cost 245,975,000 195,975,000 245,385,000 294,795,000 982,130,000
Total COGS 1,526,936,088 1,472,319,006 2,140,487,071 2,798,279,985 7,938,022,150
7. COGS - Graph

Period Qty Grwoth (%)

Q1-22 1,526,936,088 0%
Q2-22 1,472,319,006 -4%
Q3-22 2,140,487,071 31%
Q4-22 2,798,279,985 24%
Q1-23 3,835,037,413 27%
Q2-23 4,387,033,768 13%
Q3-23 5,161,425,528 15%
Q4-23 5,840,297,903 12%
Q1-24 8,305,874,225 30%
Q2-24 8,059,577,247 -3%
Q3-24 8,128,002,402 1%
Q4-24 8,130,978,859 0%
Total 59,786,249,494 12%
8. OPEX

2022 2023 2024

Salary:
Head Account 300,000,000 315,000,000 330,750,000
Finance & Accounting 138,000,000 321,600,000 382,811,653
HRGA 294,000,000 465,150,000 801,333,348
Marketing 78,000,000 307,800,000 41,265,000
Purchasing & Logistic 162,000,000 185,400,000 26,145,000
BPJS 87,480,000 89,718,000 114,830,457
Office Rent 120,000,000 120,000,000 120,000,000
Office Expenses 24,000,000 120,000,000 120,000,000
Salary 4,149,255,002 65%
Advertising & Promotion 60,000,000 120,000,000 300,000,000
BPJS 292,028,457 5%
Travel and Trasnportation 60,000,000 120,000,000 300,000,000 Promotion 480,000,000 7%
Audit Fee - 45,000,000 55,000,000 Bustrav 480,000,000 7%
Accounting Software - - 300,000,000 Others 1,024,000,000 16%
Total Opex 1,323,480,000 2,209,668,000 2,892,135,459 Total 6,425,283,459 100%
 9. CAPEX – Schedule - 2022

Fixed Asset Jan-22 Jun-22 Sep-22 Dec-22

Type Description Department Qty Unit Price Qty Amount Qty Amount Qty Amount Qty Amount
Equipment Sewing Machine Production 250 5,200,000 50 260,000,000 25 130,000,000 25 130,000,000 25 130,000,000
Equipment Overlock Machine Production 50 8,000,000 10 80,000,000 5 40,000,000 5 40,000,000 5 40,000,000
Equipment Buttonhole Machine Production 4 38,000,000 1 38,000,000 1 38,000,000
Equipment Kansai Machine Production 4 18,000,000 1 18,000,000 1 18,000,000
Equipment Cutting Machine Production 4 8,000,000 1 8,000,000 1 8,000,000
Equipment Fusing Press Machine Production 2 45,000,000 1 45,000,000
Equipment Steam Boiler 10 liter Production 3 28,000,000 1 28,000,000 1 28,000,000
Equipment Finishing Table Production 210 2,000,000 50 100,000,000 20 40,000,000 20 40,000,000 20 40,000,000
Equipment Cutting Table Production 8 8,000,000 4 32,000,000 2 16,000,000
Equipment Ironing Table Production 10 4,000,000 4 16,000,000 2 8,000,000
Equipment Patern Machine Production 1 200,000,000 1 200,000,000
Car Fuso Box Production 2 480,000,000 1 480,000,000
Total Capital Expenditure 1,305,000,000 50 210,000,000 52 266,000,000 56 270,000,000
Accumlated 1,305,000,000 1,515,000,000 102 1,781,000,000 158 2,051,000,000
 9. CAPEX – Schedule 2023

Fixed Asset Mar-23 Jun-23 Sep-23 Dec-23

Type Description Department Qty Unit Price Qty Amount Qty Amount Qty Amount Qty Amount
Equipment Sewing Machine Production 250 5,200,000 25 130,000,000 25 130,000,000 25 130,000,000 50 260,000,000
Equipment Overlock Machine Production 50 8,000,000 5 40,000,000 5 40,000,000 5 40,000,000 10 80,000,000
Equipment Buttonhole Machine Production 4 38,000,000 1 38,000,000 1 38,000,000
Equipment Kansai Machine Production 4 18,000,000 1 18,000,000 1 18,000,000
Equipment Cutting Machine Production 4 8,000,000 1 8,000,000 1 8,000,000
Equipment Fusing Press Machine Production 2 45,000,000 1 45,000,000
Equipment Steam Boiler 10 liter Production 3 28,000,000 1 28,000,000
Equipment Finishing Table Production 210 2,000,000 20 40,000,000 20 40,000,000 20 40,000,000 40 80,000,000
Equipment Cutting Table Production 8 8,000,000 2 16,000,000
Equipment Ironing Table Production 10 4,000,000 2 8,000,000
Equipment Patern Machine Production 1 200,000,000
Car Fuso Box Production 2 480,000,000 1 480,000,000
Total Capital Expenditure 54 791,000,000 50 210,000,000 53 274,000,000 106 480,000,000
Accumlated 212 2,842,000,000 262 3,052,000,000 315 3,326,000,000 421 3,806,000,000
9. Capex Schedule
10. Depreciation Schedule
Purchase Useful Life Accumlated
Asset Name Date Unit Cost Qty Total (month) Depreciation Depreciation NBV 2022
Sewing Machine Jan-22 5,200,000 50 260,000,000 60 4,333,333 52,000,000 208,000,000
Overlock Machine Jan-22 8,000,000 10 80,000,000 60 1,333,333 16,000,000 64,000,000
Buttonhole Machine Jan-22 38,000,000 1 38,000,000 60 633,333 7,600,000 30,400,000
Kansai Machine Jan-22 18,000,000 1 18,000,000 60 300,000 3,600,000 14,400,000
Cutting Machine Jan-22 8,000,000 1 8,000,000 60 133,333 1,600,000 6,400,000
Fusing Press Machine Jan-22 45,000,000 1 45,000,000 60 750,000 9,000,000 36,000,000
Steam Boiler 10 liter Jan-22 28,000,000 1 28,000,000 60 466,667 5,600,000 22,400,000
Finishing Table Jan-22 2,000,000 50 100,000,000 60 1,666,667 20,000,000 80,000,000
Cutting Table Jan-22 8,000,000 4 32,000,000 60 533,333 6,400,000 25,600,000
Ironing Table Jan-22 4,000,000 4 16,000,000 60 266,667 3,200,000 12,800,000
Patern Machine Jan-22 200,000,000 1 200,000,000 60 3,333,333 40,000,000 160,000,000
Fuso Box Jan-22 480,000,000 1 480,000,000 60 8,000,000 96,000,000 384,000,000
Sewing Machine Jun-22 5,200,000 25 130,000,000 60 2,166,667 15,166,667 114,833,333
Overlock Machine Jun-22 8,000,000 5 40,000,000 60 666,667 4,666,667 35,333,333
Finishing Table Jun-22 2,000,000 20 40,000,000 60 666,667 4,666,667 35,333,333
Sewing Machine Sep-22 5,200,000 25 130,000,000 60 2,166,667 8,666,667 121,333,333
Overlock Machine Sep-22 8,000,000 5 40,000,000 60 666,667 2,666,667 37,333,333
Buttonhole Machine Sep-22 38,000,000 1 38,000,000 60 633,333 2,533,333 35,466,667
Kansai Machine Sep-22 18,000,000 1 18,000,000 60 300,000 1,200,000 16,800,000
Finishing Table Sep-22 2,000,000 20 40,000,000 60 666,667 2,666,667 37,333,333
Sewing Machine Dec-22 5,200,000 25 130,000,000 60 2,166,667 2,166,667 127,833,333
Overlock Machine Dec-22 8,000,000 5 40,000,000 60 666,667 666,667 39,333,333
Cutting Machine Dec-22 8,000,000 1 8,000,000 60 133,333 133,333 7,866,667
Steam Boiler 10 liter Dec-22 28,000,000 1 28,000,000 60 466,667 466,667 27,533,333
Finishing Table Dec-22 2,000,000 20 40,000,000 60 666,667 666,667 39,333,333
Cutting Table Dec-22 8,000,000 2 16,000,000 60 266,667 266,667 15,733,333
Ironing Table Dec-22 4,000,000 2 8,000,000 60 133,333 133,333 7,866,667
10. Depreciation Schedule

Purchase Useful Life Accumlated

Asset Name Date Unit Cost Qty Total (month) Depreciation Depreciation NBV 2022
Sewing Machine Mar-23 5,200,000 25 130,000,000 60 2,166,667
Overlock Machine Mar-23 8,000,000 5 40,000,000 60 666,667
Buttonhole Machine Mar-23 38,000,000 1 38,000,000 60 633,333
Kansai Machine Mar-23 18,000,000 1 18,000,000 60 300,000
Fusing Press Machine Mar-23 45,000,000 1 45,000,000 60 750,000
Finishing Table Mar-23 2,000,000 20 40,000,000 60 666,667
Fuso Box Mar-23 480,000,000 1 480,000,000 60 8,000,000
Sewing Machine Jun-23 5,200,000 25 130,000,000 60 2,166,667
Overlock Machine Jun-23 8,000,000 5 40,000,000 60 666,667
Finishing Table Jun-23 2,000,000 20 40,000,000 60 666,667
Sewing Machine Sep-23 5,200,000 25 130,000,000 60 2,166,667
Overlock Machine Sep-23 8,000,000 5 40,000,000 60 666,667
Buttonhole Machine Sep-23 38,000,000 1 38,000,000 60 633,333
Kansai Machine Sep-23 18,000,000 1 18,000,000 60 300,000
Cutting Machine Sep-23 8,000,000 1 8,000,000 60 133,333
Finishing Table Sep-23 2,000,000 20 40,000,000 60 666,667
Sewing Machine Dec-23 5,200,000 50 260,000,000 60 4,333,333
Overlock Machine Dec-23 8,000,000 10 80,000,000 60 1,333,333
Cutting Machine Dec-23 8,000,000 1 8,000,000 60 133,333
Steam Boiler 10 liter Dec-23 28,000,000 1 28,000,000 60 466,667
Finishing Table Dec-23 2,000,000 40 80,000,000 60 1,333,333
Cutting Table Dec-23 8,000,000 2 16,000,000 60 266,667
Ironing Table Dec-23 4,000,000 2 8,000,000 60 133,333
Total 3,806,000,000 307,733,333 1,743,266,667
11. Equity Plan
Number Term in Annualy
Source of Funding Total (Rupiah) of Share Loan Rate Months Payment
Owner's Equity 250,000,000 250,000 - -
Outside Investors 2,000,000,000 - - -
Financing Loan 1,360,000,000 20% 16,000,000 192,000,000
3,610,000,000 20% 16,000,000 192,000,000

Founders Perusahaan
Date of Investment Number of
Shareholders Issue Amount Shares % Total
berencana
Founders Dec-21 1,000,000,000 1,000,000 40% mengumpulkan dana
Co-Founders - A Dec-21 750,000,000 750,000 30% dari outside investor
Co-Founders - B Dec-21 750,000,000 750,000 30% dengan skema “profit
2,500,000,000 2,500,000 100%
sharing”
Outside Investor
Date of Investment Number of Dana yang
Shareholders Issue Amount Shares % Total diharapakan akan
Investor - 1 Sep-22 500,000,000 - terkumpul sebesar 2
Investor - 2 Sep-22 500,000,000 -
Investor - 3 Jan-23 1,000,000,000 -
Milliar
2,000,000,000
12. Loan Schedule
Payment Outstanding Loan Principle 480,000,000
No Date Principle Interest Total Balance Interest Rate 20%
1 1 Jan 2022 16,000,000 16,000,000 560,000,000 Total 576,000,000
2 1 Feb 2022 6,666,667 9,333,333 16,000,000 553,333,333 Years Period 36
3 1 Mar 2022 6,777,778 9,222,222 16,000,000 546,555,556 Start Date Jan-22
4 1 Apr 2022 6,890,741 9,109,259 16,000,000 539,664,815
5 1 May 2022 7,005,586 8,994,414 16,000,000 532,659,228
6 1 Jun 2022 7,122,346 8,877,654 16,000,000 525,536,882
7 1 Jul 2022 7,241,052 8,758,948 16,000,000 518,295,830
8 1 Aug 2022 7,361,736 8,638,264 16,000,000 510,934,094
9 1 Sep 2022 7,484,432 8,515,568 16,000,000 503,449,662
10 1 Oct 2022 7,609,172 8,390,828 16,000,000 495,840,490
11 1 Nov 2022 7,735,992 8,264,008 16,000,000 488,104,498
12 1 Dec 2022 7,864,925 8,135,075 16,000,000 480,239,573
13 1 Jan 2023 7,996,007 8,003,993 16,000,000 472,243,566
14 1 Feb 2023 8,129,274 7,870,726 16,000,000 464,114,292
15 1 Mar 2023 8,264,762 7,735,238 16,000,000 455,849,530
16 1 Apr 2023 8,402,508 7,597,492 16,000,000 447,447,023
17 1 May 2023 8,542,550 7,457,450 16,000,000 438,904,473
18 1 Jun 2023 8,684,925 7,315,075 16,000,000 430,219,547
12. Loan Schedule
Payment Outstanding
No Date Principle Interest Total Balance
19 1 Jul 2023 8,829,674 7,170,326 16,000,000 421,389,873
20 1 Aug 2023 8,976,835 7,023,165 16,000,000 412,413,038
21 1 Sep 2023 9,126,449 6,873,551 16,000,000 403,286,588
22 1 Oct 2023 9,278,557 6,721,443 16,000,000 394,008,032
23 1 Nov 2023 9,433,199 6,566,801 16,000,000 384,574,832
24 1 Dec 2023 9,590,419 6,409,581 16,000,000 374,984,413
25 1 Jan 2024 9,750,260 6,249,740 16,000,000 365,234,153
26 1 Feb 2024 9,912,764 6,087,236 16,000,000 355,321,389
27 1 Mar 2024 10,077,977 5,922,023 16,000,000 345,243,412
28 1 Apr 2024 10,245,943 5,754,057 16,000,000 334,997,469
29 1 May 2024 10,416,709 5,583,291 16,000,000 324,580,760
30 1 Jun 2024 10,590,321 5,409,679 16,000,000 313,990,439
31 1 Jul 2024 10,766,826 5,233,174 16,000,000 303,223,613
32 1 Aug 2024 10,946,273 5,053,727 16,000,000 292,277,340
33 1 Sep 2024 11,128,711 4,871,289 16,000,000 281,148,629
34 1 Oct 2024 11,314,190 4,685,810 16,000,000 269,834,440
35 1 Nov 2024 11,502,759 4,497,241 16,000,000 258,331,680
36 1 Dec 2024 11,694,472 4,305,528 16,000,000 246,637,208
Total 329,362,792 246,637,208 576,000,000
13. Profit & Loss - Projection
FY-2022 FY-2023 FY-2024

Revenue
Line - Production 6,707,592,084 18,562,614,828 48,452,424,430
Third Party 10,136,000,000 25,410,000,000 28,459,200,000
Total Revenue 16,843,592,084 43,972,614,828 76,911,624,430
Annual Revenue Growth 10.2% 10.2%

Cost of Goods Sold

Labor Cost 6,357,000,000 15,248,700,000 23,987,250,000
Material & Consumable 670,759,208 1,856,261,483 4,845,242,443
Overhead 982,130,000 2,242,383,000 3,908,852,500
Total Cost of Manufacture 8,009,889,208 19,347,344,483 32,741,344,943

Third Party Fee 5,430,000,000 13,200,000,000 16,800,000,000

Cost of Good Sold - Total 13,439,889,208 32,547,344,483 49,541,344,943

Gross Margin 3,403,702,876 11,425,270,345 27,370,279,487

GM 20.2% 26.0% 35.6%
13. Profit & Loss - Projection
Operating Expenses
Salary 972,000,000 1,594,950,000 2,269,241,252
BPJS 87,480,000 89,718,000 114,830,457
Office Rent 120,000,000 120,000,000 120,000,000
Office Expenses 24,000,000 120,000,000 120,000,000
Advertising & Promotion 60,000,000 120,000,000 300,000,000
Travel and Trasnportation 60,000,000 120,000,000 300,000,000
Audit Fee - 45,000,000 55,000,000
Accounting Software - - 300,000,000
Total Operating Expenses 1,323,480,000 2,209,668,000 3,579,071,709

Operating Income 2,080,222,876 9,215,602,345 23,791,207,778

Depreciation 307,733,333 592,800,000 761,200,000

EBIT 1,772,489,542 8,622,802,345 23,030,007,778

Interest 32,000,000 64,000,000 64,000,000

Earnings Before Tax 1,740,489,542 8,558,802,345 22,966,007,778

Corporate Icome Tax 382,907,699 1,882,936,516 5,052,521,711

Net Income 1,357,581,843 6,675,865,829 17,913,486,067

8.06% 15.2% 23.3%
14. Balance Sheet - Projection
Asset Dec-22 Dec-23 Dec-24
Current Asset
Bank 3,114,315,176 8,485,427,505 25,316,993,103
Account Receivable 1,983,524,219 4,410,778,006 4,319,173,193
Prepaid Taxes - PPh 25/29 382,907,699 2,265,844,215 7,318,365,926
Total Current Asset 5,480,747,094 15,162,049,726 36,954,532,223

Fixed Asset
Acqusiton Cost 2,051,000,000 3,806,000,000 3,806,000,000
Accumulated Depreciation 307,733,333 900,533,333 1,661,733,333
Net Book Value 1,743,266,667 2,905,466,667 2,144,266,667

Total Asset 7,224,013,761 18,067,516,393 39,098,798,890

14. Balance Sheet - Projection
Current Liabilities
Account Payable 2,792,357,960 3,917,058,247 2,705,453,435
Tax Payable - 25/29 382,907,699 2,265,844,215 7,318,365,926
Total Current Liabilities 3,175,265,659 6,182,902,462 10,023,819,361

Non Current Liabilities

Leasing 320,000,000 518,666,673 198,666,681
Debt 1,000,000,000 2,000,000,000 2,640,000,000
Total Non Current Liabilities 1,320,000,000 2,000,000,000 2,838,666,681

Total Liabilities 4,495,265,659 8,182,902,462 12,663,819,361

Equity
Capital 2,500,000,000 2,980,000,000 3,460,000,000
Retained Earnings 228,748,102 6,904,613,931 22,974,979,529
Total Equity 2,728,748,102 9,884,613,931 26,434,979,529

Total Liabilities & Equity 7,224,013,761 18,067,516,393 39,098,798,890

15. Cash Flow - Projection
FY-2022 FY-2023 FY-2024
Cash from Operating Activities
Operating Revenue 16,843,592,084 43,972,614,828 76,911,624,430
Less: Cash Payments -
COGS 13,439,889,208 32,547,344,483 49,541,344,943 Bagi pengusaha, ROE
Operational Expense 1,323,480,000 3,352,221,500 3,579,071,709 ini lah yang sangat di
Income Tax Art 25/29 382,907,699 1,882,936,516 5,052,521,711 nanti khususnya untuk
Interest Loan 32,000,000 64,000,000 64,000,000
Net Cash From Operating Activities 1,665,315,176 6,126,112,329 18,674,686,067
usaha yang
memerlukan
Cash from Investing Activities komitment jangka
Acqusition Fixed Assets 2,051,000,000 1,755,000,000 - panjag, sebagian ROE
Net Cash Flow from Invsting Activities 2,051,000,000 1,755,000,000 -
bisa ditarik, sebagian
Cash Flows from Financing Activities lagi untuk
Capital 2,500,000,000 pengembangang
Other Financing - Outside Investor 1,000,000,000 1,000,000,000 usaha, misalnya
Net Cash Flow from Financing Activities 3,500,000,000 1,000,000,000 -
penambahan CAPEX
Net Increase/(Decrease) in Cash Held 3,114,315,176 5,371,112,329 18,674,686,067 untuk meningkatkan
output
Cash and Cash Equivalents - Beginning
Cash and Cash Equivalents - End Balance 3,114,315,176 8,485,427,505 27,160,113,572
Free Cash Flow To Equity (FCFE) 3,114,315,176 4,371,112,329 18,674,686,067
16. Profit Sharing Scenario
Outside Investor
Date of Investment Number of Investment ROE
Shareholders
Issue Amount Shares Return (%)
Investor - 1 Sep-22 500,000,000 - 1,650,340,506 230%
Investor - 2 Sep-22 500,000,000 - 1,650,340,506 230%
Investor - 3 Jan-23 1,000,000,000 - 3,300,681,012 230%
2,000,000,000 6,601,362,025

2023 2024 2023 2024

Investor - 1 Investor - 2
EBITDA 9,215,602,345 23,791,207,778 EBITDA 9,215,602,345 23,791,207,778
Sharing Porfit 5% 5% Sharing Porfit 5% 5%
Payment 460,780,117 1,189,560,389 Payment 460,780,117 1,189,560,389
2023 2024
Investor - 3
EBITDA 9,215,602,345 23,791,207,778
Sharing Porfit 10% 10%
Payment 921,560,235 2,379,120,778
17. Executive Summary
Finnancial Statement Summary IDR
Revenue 16,843,592,084 43,972,614,828 76,911,624,430
Gross Margin 3,403,702,876 11,425,270,345 27,370,279,487
EBITDA 2,080,222,876 9,215,602,345 23,791,207,778
Earning Before Tax 1,772,489,542 8,622,802,345 23,030,007,778
Net Earnings 1,357,581,843 6,675,865,829 17,913,486,067
Net Cash from Operating Activities 1,665,315,176 6,126,112,329 18,674,686,067
Cash 3,114,315,176 8,485,427,505 25,316,993,103
Total Equity 2,728,748,102 9,884,613,931 26,434,979,529
Total Debt 4,112,357,960 6,435,724,920 5,544,120,115

Growth
Revenue Growth Rate - CAGR: Niil 161% 75%
Net Earnings Growth Rate - CAGR: Niil 392% 168%

Ratios
Current Ratio 1.73 2.45 3.69
Debt to Capital (LT Debt + Equity) 1.39 0.60 0.20

Profitability
Gross Margin % 20% 26% 36%
Operating Income % 12.4% 21.0% 30.9%
Net Earnings % 8.1% 15.2% 23.3%

Returns
Return on Assets 18.8% 0.37 0.46
Return on Equity 49.8% 0.68 0.68
18. Soal latihan

Jika Mr Kim ingin membangun pabrik, dan memerlukan inveastasi sebesar Rp.150 M, kira-Kira:
- Berapa tahun payback period untuk investasi sebesar Rp. 150 M
- Berapa banyak target output dalam sehari/seminggu/sebulan/setahun
- Berapa harga jasa per pcs yang ideal

Buatkan Skema Investasi & Financing????????

Silahkan Mencoba