Evaluation Of The PT XYZ Credit Saving Process Conducted By PT Bank BNI Medan Medan Credit Sentra

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Introduction

The tapioca flour industry has experienced significant growth since the 1980s, with promising market prospects both domestically and internationally. Tapioca flour, made from cassava tubers, has increased demand. In Indonesia, Lampung is known as a leading tapioca-producing region due to its large land area for cassava plants. However, some companies in this sector, such as PT XYZ, have faced serious challenges in their operations, including difficulties in obtaining raw materials and high production costs.

The Challenges Faced by PT XYZ

PT XYZ, as one of the companies engaged in the tapioca flour industry and has been a debtor of Bank BNI since 2005, has had difficulty in paying its obligations to the bank in 2007. According to the local visit form document (FKS) compiled by Bank BNI, PT XYZ faced difficulties in the production process due to the difficulty of getting cassava raw materials and high prices of diesel oil that have an impact on operational costs. The company's dependence on generator machines that require diesel oil has significantly increased production costs.

Methodology

The purpose of this study was to evaluate whether the rescue efforts made by PT Bank BNI Medan Medan Credit Sentra against PT XYZ were appropriate. This study uses descriptive methods, which include data collection, classification, and interpretation to obtain a clear picture of the problems faced by the company. The study aims to provide an in-depth analysis of the credit saving process carried out by PT Bank BNI and its impact on PT XYZ.

Results and Discussion

The results of the study revealed that PT XYZ experienced internal and external problems. On the internal side, the company is still dependent on generator machines that require diesel oil, thereby increasing production costs significantly. From the external side, the difficulty of getting cassava raw materials is influenced by tight competition with similar companies. Although Bank BNI provides relief in payment of principal and interest on loan, this step does not solve the fundamental problems faced by PT XYZ.

Further analysis shows that the rescue of credit carried out by BNI Bank tends to be inadequate. The relief given is not accompanied by concrete solutions to overcome the operational problems and supply chains faced by PT XYZ. This shows that in an effort to save credit, banks need to consider broader factors and provide strategic support that includes improving the company's operational conditions, not just delaying payments.

The Role of Government and Stakeholders

In addition, it is essential to highlight the role of government and other stakeholders in creating a more conducive climate for the tapioca flour industry. Policies that support the development of local raw materials and reduce production costs can help companies such as PT XYZ to survive and develop amidst a competitive market challenges. The government can play a crucial role in providing support to the industry, including providing subsidies for raw materials, reducing taxes, and improving infrastructure.

Conclusion

In conclusion, the evaluation of the PT XYZ credit saving process by PT Bank BNI shows the need for a more comprehensive approach in handling bad credit problems. More tangible support and long-term solutions must be the main focus so that credit saving is not only to provide financial assistance, but also supports the company's operational sustainability. The study highlights the importance of considering broader factors and providing strategic support to companies facing financial difficulties.

Recommendations

Based on the findings of this study, the following recommendations are made:

  • PT Bank BNI should consider providing more tangible support to PT XYZ, including improving the company's operational conditions and supply chains.
  • The government should provide support to the tapioca flour industry, including providing subsidies for raw materials, reducing taxes, and improving infrastructure.
  • Companies facing financial difficulties should be provided with long-term solutions, not just temporary relief.

By considering these recommendations, PT Bank BNI and the government can help companies like PT XYZ to survive and develop amidst a competitive market challenges.

Limitations of the Study

This study has several limitations, including:

  • The study only focuses on PT XYZ and PT Bank BNI, and may not be generalizable to other companies and banks.
  • The study only considers the internal and external problems faced by PT XYZ, and may not consider other factors that may be relevant to the company's financial difficulties.
  • The study only provides a descriptive analysis of the credit saving process, and may not provide a comprehensive understanding of the issues faced by PT XYZ.

Future Research Directions

Future research should consider the following directions:

  • Conducting a case study of other companies facing financial difficulties to identify common problems and solutions.
  • Conducting a survey of banks and financial institutions to identify best practices in handling bad credit problems.
  • Conducting a study of the impact of government policies on the tapioca flour industry.

By considering these future research directions, researchers can provide a more comprehensive understanding of the issues faced by companies like PT XYZ and identify effective solutions to help them survive and develop amidst a competitive market challenges.

Q: What is the purpose of this study?

A: The purpose of this study is to evaluate whether the rescue efforts made by PT Bank BNI Medan Medan Credit Sentra against PT XYZ were appropriate.

Q: What methods were used in this study?

A: This study uses descriptive methods, which include data collection, classification, and interpretation to obtain a clear picture of the problems faced by the company.

Q: What were the results of the study?

A: The results of the study revealed that PT XYZ experienced internal and external problems. On the internal side, the company is still dependent on generator machines that require diesel oil, thereby increasing production costs significantly. From the external side, the difficulty of getting cassava raw materials is influenced by tight competition with similar companies.

Q: What is the role of government and stakeholders in creating a more conducive climate for the tapioca flour industry?

A: The government can play a crucial role in providing support to the industry, including providing subsidies for raw materials, reducing taxes, and improving infrastructure.

Q: What are the recommendations of this study?

A: Based on the findings of this study, the following recommendations are made:

  • PT Bank BNI should consider providing more tangible support to PT XYZ, including improving the company's operational conditions and supply chains.
  • The government should provide support to the tapioca flour industry, including providing subsidies for raw materials, reducing taxes, and improving infrastructure.
  • Companies facing financial difficulties should be provided with long-term solutions, not just temporary relief.

Q: What are the limitations of this study?

A: This study has several limitations, including:

  • The study only focuses on PT XYZ and PT Bank BNI, and may not be generalizable to other companies and banks.
  • The study only considers the internal and external problems faced by PT XYZ, and may not consider other factors that may be relevant to the company's financial difficulties.
  • The study only provides a descriptive analysis of the credit saving process, and may not provide a comprehensive understanding of the issues faced by PT XYZ.

Q: What are the future research directions?

A: Future research should consider the following directions:

  • Conducting a case study of other companies facing financial difficulties to identify common problems and solutions.
  • Conducting a survey of banks and financial institutions to identify best practices in handling bad credit problems.
  • Conducting a study of the impact of government policies on the tapioca flour industry.

Q: What are the implications of this study?

A: The implications of this study are that PT Bank BNI and the government should consider providing more tangible support to companies facing financial difficulties, including improving their operational conditions and supply chains. Additionally, the government should provide support to the tapioca flour industry, including providing subsidies for raw materials, reducing taxes, and improving infrastructure.

Q: What are the contributions of this study?

A: The contributions of this study are that it provides a comprehensive understanding of the issues faced by PT XYZ and identifies effective solutions to help the company survive and develop amidst a competitive market challenges. Additionally, the study highlights the importance of considering broader factors and providing strategic support to companies facing financial difficulties.

Q: What are the future applications of this study?

A: The future applications of this study are that it can be used as a reference for banks and financial institutions in handling bad credit problems. Additionally, the study can be used as a guide for companies facing financial difficulties to identify common problems and solutions.