View
229
Download
0
Category
Preview:
Citation preview
8/9/2019 Business Plan Asmara
1/28
Title:
Doc No.: 1Purpose:Created: 12-May-08Author: BW
BUSINESS PLAN ASMARA (Akses SMS T
Business Plan for Investor
8/9/2019 Business Plan Asmara
2/28
BUSINESS PLAN ASMARA (Akses SMS Terima Suara)Summary
Revenue MillInvestment MillOpex MillPersonnel MillCash Flow (Y on Y) Mill
8/9/2019 Business Plan Asmara
3/28
2008 2009 2010 2011 20121 2 3 4 5
15,600 77,760 93,312 111,974 134,36945,495 0 0 10,000 45,000
120 420 420 420 420604 2,991 3,533 3,887 4,275
6,071 62,963 120,836 183,540 234,764
8/9/2019 Business Plan Asmara
4/28
Financial Analysis
Year-1Description 2,008
Net Cash Flow from Investing and Operating Activities (33,548) Accumulated Net Cash Flow (33,548)
Net Present ValueDiscounted Rate 14.0%NPV at Given Discounted Rate IDR 141,165
IRR 193.0%
Payback PeriodNumber of Period 1.50 1.00Payback Period 1 year(s)
6 month(s)
BUSINESS PLAN ASMARA (Akses SMS Terima Suara)
8/9/2019 Business Plan Asmara
5/28
Year-2 Year-3 Year-4 Year-52,009 2,010 2,011 2,012
67,355 68,335 73,166 56,45533,807 102,142 175,308 231,764
0.50 0.00 0.00 0.00
8/9/2019 Business Plan Asmara
6/28
BUSINESS PLAN ASMARA (Akses SMS Terima Suara)Assumption
TSEL Subscriber ASSUMPTION: Subscriber Growth/yrNo. of Subscriber MillSMS sent per day Mill
Market penetration ASMARA No. of SMS traffic/day MillNo. of SMS traffic/month Mill
Charge/SMS 2000Distribution of Charge /SMS'- TSEL 45%'- CP 40%'- Solution Provider 15%
Revenue of Solution Provider Mill
Rate 1 USD 9,300
8/9/2019 Business Plan Asmara
7/28
Jun Jul Aug Sep Oct Nov Dec 2008 2009 2010 20111 1 1 1 1 1 1 1 2 3 4
20% 20% 20%56 67 81 97
120 144 173 207
0.5% 0.5% 0.5% 0.5%0.60 0.72 0.86 1.04
1.00 2.00 3.00 5.00 9.00 14.00 18.00 18.00 21.60 25.92 31.10
300 600 900 1500 2700 4200 5400 15,600 77,760 93,312 111,974
93,360 186,672 298,646
8/9/2019 Business Plan Asmara
8/28
20125
20%116249
0.5%1.24
37.32
134,369
433,016
8/9/2019 Business Plan Asmara
9/28
Business Plan - Personnel ExpensesIDR MillIn IDR Million '2008 '2009 '2010 '2011
Tahun-1 Tahun-2 Tahun-3 Tahun-4
Headcount :Commissioners 1 1 1 1President Director 1 1 1 1Director 1 1 1 1Vice President 0 3 3 3General Manager 2 5 5 5Manager 2 6 6 6Secretary 1 2 2 2Staff 6 6 6 6Contract Employe 2 2 2 2Total Personnel 16 27 27 27
Salary Base (Monthly) : Input
Commissioners 15 17 18 20President Director 20 22 24 27Director 17 19 21 23Vice President 10 11 12 13General Manager 8 8 9 10Manager 6 6 7 7Secretary 3 3 4 4Staff 3.5 4 4 5Contract Employe 1.5 2 2 2
Salary Base Adjustment Factors (COLA, etc.) 10.0% 10.0% 10.0% 10.0%Number of Monthly Salary in Each Year 5 13 14 14
Salary :
Commissioners 75 215 254 280President Director 100 286 339 373Director 85 243 288 317Senior Manager 0 429 508 559Manager 75 536 635 699Senior Secretary 55 472 559 615Secretary 15 86 102 112Staff 105 300 356 391Contract Employee 15 43 51 56Total Net Salary 525 2,610 3,092 3,401Total Gross Salary (incl. individual income tax) 10.0% 578 2,871 3,401 3,741
Benefit :Assumption 5.0% 12Commissioners 4 10 11 12President Director 5 13 15 16Director 4 11 12 14Senior Manager 0 20 22 24Manager 4 25 27 30Senior Secretary 3 22 24 26Secretary 1 4 4 5Staff 5 14 15 17
BUSINESS PLAN ASMARA (Akses SMS Terima Sua
of monthly salary an times per
8/9/2019 Business Plan Asmara
10/28
Contract Employee 1 2 2 2Total Benefit 26 120 132 146
Total Personnel Expenses (Salary + Benefit) Rp. 604 2,991 3,533 3,887
8/9/2019 Business Plan Asmara
11/28
'2012Tahun-5
111356262
27
2229251511
8452
10.0%14
307410348615769676123430
613,741 4,115
131815263329
518
ear
8/9/2019 Business Plan Asmara
12/28
3160
4,275
8/9/2019 Business Plan Asmara
13/28
Business Plan - Capex
In IDR Million '2008 1
Office Equipments :Telephone Systems 15Office Equipment 80Furniture & Fitting 400Subtotal Office Equipments 495
Content Management System (CMS) 45,000SMS GatewayContent ManagementContent ChargingVoice DeliveryIVR License (per Million DB)
System IntegratorAsesoris dan Instalasi
Subtotal CMS 45,000
Total Investments 45,495Accumulated Investment 45,495
Depreciations and amortizaton:Office Equipments : 5 yearContent Management System (CMS) 4 year
Investment Summary :
Office Equipments : 495Content Management System (CMS) 45,000 Total 45,495
Depreciations :Office Equipments : Y-1 99
Y-2Y-3Y-4Y-5Y-6Y-7Y-8Y-9Y-10
Content Management System (CMS) Y-1 5,625Y-2Y-3Y-4Y-5
BUSINESS PLAN ASMARA (Akses SMS Terima S
straight linestraight line
8/9/2019 Business Plan Asmara
14/28
Y-6Y-7Y-8Y-9Y-10
Total Depreciations 5,724
Total Depreciation and Amortization 5,724
Accumulated Depreciation and Amortization 5,724
45,4955,724
39,771
8/9/2019 Business Plan Asmara
15/28
'2009 '2010 '2011 '20122 3 4 5
0 0 0 0
45,000
10,000
0 0 10,000 45,000
0 0 10,000 45,00045,495 45,495 55,495 100,495
0 0 0 00 0 10,000 45,000
0 0 10,000 45,000 100,495
99 99 99 990 0 0 0
0 0 00 0
0
11,250 11,250 11,250 5,6250 0 0 0
0 0 02,500 2,500
11,250
ethodethod
6 mo depreciation for 1st year
8/9/2019 Business Plan Asmara
16/28
11,349 11,349 13,849 19,474
11,349 11,349 13,849 19,474
17,073 28,422 42,271 61,745
10,022 60 10,000 45,00017,073 28,422 42,271 61,745
(7,051) (28,362) (32,271) (16,745)
8/9/2019 Business Plan Asmara
17/28
Business Plan - Opex
In IDR Million '2008 '2009 '20101 2 3
SELLING & MARKETING EXPENSES'- Travelling Cost 0 0 0'- Advertising and Promotion 0 0 0'- Representasion & Entertainment 20 60 60'- Others
Total 20 60 60
ADMINISTRATIVE EXPENSES
'- Professional Fees 60 240 240'- Stationary 20 60 60
'- Colo 20 60 60'- Taxes'- OthersTotal 100 360 360
GRAND TOTAL 120 420 420
A-L 0.00 0.00 0.00
BUSINESS PLAN ASMARA (Akses SMS Terima Suar
8/9/2019 Business Plan Asmara
18/28
'2011 '20124 5
0 00 0
60 60
60 60
240 24060 60
60 60
360 360
420 420 1,800
0.00 0.00
8/9/2019 Business Plan Asmara
19/28
Business Plan - Profit and Loss Statements
in IDR Millions '2008 '20091 2
REVENUE 15,600 77,760
COST OF SALES 0 0
GROSS PROFIT 15,600 77,760
OPERATING EXPENSE'- Selling and Marketing 20 60'- Personnel 604 2,991'- G&A (Excl. Depr & Amort) 100 360 Total Operating Expense 724 3,411
Overhead Allocation 0Operating Expense nett 724 3,411
EBITDA 14,876 74,349
Depreciation & Amortization 5,724 11,349
EBIT 9,152 63,000
Bank Interest (2,930) (5,127)
Earning Before Tax 6,223 57,873
Provision of Income Tax 30% 1,867 17,362
Net Earning After Tax 4,356 40,511
Accumulated Retained Earning 4,356 44,867
A-L 0 0
BUSINESS PLAN ASMARA (Akses SMS Terima Su
8/9/2019 Business Plan Asmara
20/28
'2010 '2011 '20123 4 5
93,312 111,974 134,369
0 0 0
93,312 111,974 134,369
60 60 603,533 3,887 4,275
360 360 360
3,953 4,307 4,695
3,953 4,307 4,695
89,359 107,668 129,674
11,349 13,849 19,474
78,010 93,819 110,200
(3,662) (2,197) (732)
74,348 91,622 109,468
22,304 27,487 32,840
52,044 64,135 76,627
96,911 161,046 237,673
0 0 0
8/9/2019 Business Plan Asmara
21/28
in IDR Millions '2008 '2009
Year-1 Year-2
Net Earnings After Tax 4,356 40,511Addback Depreciation and Amortization 5,724 11,349changes in ARChanges in Tax Liability 1,867 15,495changes in AP 0 0
11,947 67,355
(45,495) 0
Loan 41,850 0Loan payment (5,231) (10,463)Equity 3,000 0
39,619 (10,463)
6,071 56,893
0 6,071
6,071 62,963
Total CashFlow from Financing Activities
Net Increase /(Decrease) in Cash
Cash, Beginning of YearCash, End of Year
BUSINESS PLAN ASMARA (Akses SMS Terima SuaBusiness Plan - Cash Flow
Cahflow from Operating Activities
Total Cashflow from Operating Activities
Total Cashflow from Investing activities
Cash Flow from Financing Activities
8/9/2019 Business Plan Asmara
22/28
'2010 '2011 '2012Year-3 Year-4 Year-5
52,044 64,135 76,62711,349 13,849 19,474
4,942 5,182 5,3540 0 0
68,335 83,166 101,455
0 (10,000) (45,000)
0 0 0(10,463) (10,463) (5,231)
(10,463) (10,463) (5,231)
57,872 62,704 51,224
62,963 120,836 183,540
120,836 183,540 234,764
8/9/2019 Business Plan Asmara
23/28
Business Plan - Balance Sheetin IDR Millions
Description '2008Year-1
ASSETSCurrent Assets
Cash and cash equivalent 6,071Short-term Investments (Time Deposit)Accounts ReceivablePrepaid Taxes 0Prepaid Interests 0Other Current Assets 0Total Current assets 6,071
Fixed Assets (Property, Plant & Equipments)Accumulation Capex 45,495Accumulated Depreciation and Amortization (5,724)
Net Fixed Assets (Book Value) 39,771
Other AssetsDeferred ChargesDeferred Environmental & Rehabilitation Costs 0OthersTotal Other Assets 0
Total Assets 45,842
LIABILITIES AND EQUITYCurrent Liabilities
Short Term Loan 36,619Account PayableTaxes Payable (Income Taxes) 1,867Others 0Total Current Liabilities 38,486
Long Term DebtsThird Party Loan 0Lease Payable 0LTD Net of Current MaturitiesTotal Long Term Debts 0
Shareholder's EquityPaid in Capital 3,000
Accumulated Retained Earning 4,356Total Shareholder's Equity 7,356
Total Liabilities and Equity 45,842
Asset 45,842Liabilities 45,842Asset-Liabilities 0
BUSINESS PLAN ASMARA (Akses SMS Terima Suara)
8/9/2019 Business Plan Asmara
24/28
Current Asset w/o cash 0Change 0Current Liabilities 38,486Change 38,486Net Working capital 38,486
8/9/2019 Business Plan Asmara
25/28
'2009 '2010 '2011 '2012Year-2 Year-3 Year-4 Year-5
62,963 120,836 183,540 234,764
0 0 0 00 0 0 00 0 0 0
62,963 120,836 183,540 234,764
45,495 45,495 55,495 100,495(17,073) (28,422) (42,271) (61,745)
28,422 17,073 13,224 38,750
0 00 0 0 0
0 0 0 0
91,385 137,909 196,764 273,514
26,156 15,694 5,231 0
17,362 22,304 27,487 32,8400 0 0
43,518 37,998 32,718 32,840
0 0 0 00 0 0 0
00 0 0 0
3,000 3,000 3,000 3,000
44,867 96,911 161,046 237,67347,867 99,911 164,046 240,673
91,385 137,909 196,764 273,514
91,385 137,909 196,764 273,51491,385 137,909 196,764 273,514
0 0 0 0
8/9/2019 Business Plan Asmara
26/28
0 0 0 00 0 0 0
43,518 37,998 32,718 32,8405,033 (5,520) (5,280) 1235,033 (5,520) (5,280) 123
8/9/2019 Business Plan Asmara
27/28
IDR MillionDescription 1 2
2008 2009
Proposed Loan USD Million 4,500Amount of Loan IDR Million 41,850Interest Rate pa 14.0% 14.0%Loan Period Including Grace Period (Years) 4Grace Period (Years) 0
Proposed Loan Draw DownProposed Loan Draw Down IDR Million 41,850 0
Proposed Loan RepaymentBeginning Balance IDR Million 41,850 36,619
Loan Repayment ScheduleAs % of Loan % 12.5% 25%
Repayment Amount IDR Million 5,231 10,463Addition IDR MillionEnding Balance of Loan IDR Million 36,619 26,156Repayment Amount IDR Million 5,231 10,463Proposed Loan Interest Expenses IDR Million 2,930 5,127
Total Repayment Loan IDR Million 5,231 15,694
No. of Month/yr in loan period 6 12
BUSINESS PLAN ASMARA (Akses SMS Terima Suara)Business Plan - Bond Repayment Schedule and Interest Expense
8/9/2019 Business Plan Asmara
28/28
3 4 52010 2011 2012
14.0% 14.0% 14.0%
0 0 0
26,156 15,694 5,231
25% 25.0% 12.5%
10,463 10,463 5,231
15,694 5,231 010,463 10,463 5,231
3,662 2,197 732
26,156 36,619 41,850
12 12 6
Recommended