Financial Analysis of Kelor Agroindustry in PT. Bali Agro Investama

Abstrak

Moringa has many benefits for human life including improving critical land, increasing agricultural and livestock products, natural water purification, and new energy sources. The international market demand for Moringa flour is very high, where the raw material comes from Moringa leaves.  Currently there is an institution in Bali that is trying to process Moringa leaves into flour, namely PT. Bali Agro Investama (PT. BAI).  This study aims to (1) describe the processing of Moringa leaves into flour.  And (2) to analyze the financial feasibility of the agro-industrial processing of Moringa leaves into Moringa flour. The results showed that there were five stages of processing moringa leaves into flour, namely (1) washing of moringa leaves with ozonation, (2) draining moringa leaves (3) sorting the damaged moringa leaves, (4) drying the moringa leaves,  (5) the moringa leaves using a machine.  The business feasibility analysis using the investment criteria obtained the following results: (1) NPV without bank financing and NPV with bank financing is of the same value, which is IDR 628.512.833,00. (2) IRR is 34,55% when without bank financing and if using bank financing is 41,87%.  (3) Net B/C without bank financing is 1,43 and with bank financing of 2,37. (4) Payback period without bank financing for 5,3 years and with bank financing for 8,8 years. The results of sensitivity analysis, this project is sensitive to changes in operating costs and changes in revenue.