2009
Employee :
Entrepreneur :
Profession :
Legal Institution :
Partnership Loyalty Program (PLP) is an achievement program of PT. BFI Finance Indonesia, Tbk, as an appreciation for its shareholder. PLP will be given to BFI’s shareholder in selling used-cars over trust and willingness as BFI’s shareholder.
BFI will give poin that can be changed with gift, such as : handphone, dvd player, refrigerator, printer, digital camera, washing machine, notebook, motor cycle, tour abroad, and many more.
DE is BFI brands for Direct Used Car / Motorcycle financing targeting the Small & Medium Enterprises (SME) and individual customers. This is a multi purposes facility usually used as working capital to support customer’s business growth.
BFI offer its facility through various channels: internal and external marketing, promotion, direct marketing and telemarketing.
We provide fast, flexible and professional service throughout its branches and sub branches without any hidden cost. Funding is processed within 3 hours
KCM is BFI brands for New / Used Car Standard, which is financing through Dealers.
BFI provides flexible financing facilities for new and used car in various brands, types and ages, with payment term ranging from 3 to 48 months. All payment is in fixed monthly installment.
To maintain and enhance our relationship with automotive dealers, we offer various attractive and competitive packages in the form of incentives and goods.
We have relationship with over 2,000 automotive dealers / individual sellers throughout Indonesia.
Established track record since 1982, BFI is one of the initial players in heavy equipment financing in Indonesia.
We focus on financing branded new and used capital goods, especially general purpose heavy equipment such as excavator, bulldozer, motor grader, wheel loader, truck, etc. Additionally we also financed water transport vehicles such as tug boat, barge for reputable Lessee.
BFI has a good and long relationship with major heavy equipment manufacturers in Indonesia.
Our Leasing customers ("Lessee") mainly are conducting businesses in the following industries: Mining (mainly coal and tin mining), Transportation, Plantation (mainly palm oil), and general contractor.
Leasing facilities is extended in two different forms:
Direct financing, whereby the Lessee is purchasing new / used capital goods from the supplier of capital goods or other end user who sold the used equipment.
Sale and Leaseback, whereby the Lessee has owned the capital goods, but required additional fund to fulfill its working capital needs. This transaction is merely a financial transaction and no physical asset delivery taken place.
Currently Leasing contributes + 15% of BFI’s portfolio.
Introduction
PT BFI Finance Indonesia Tbk (“BFI”) is a multi finance company that offers to its customers various financial services in terms of leasing and consumer financing. The scope of activities covers the majority of provinces in Indonesia. To perform its role in these services BFI commits to building the trust and confidence of its shareholders, employees, customers and other stakeholders and to conduct our business with integrity and prudence.
To achieve success, it is required to maintain business attitudes which are acceptable to all parties concerned. The business principles, which are contained in this charter, are used as the guidelines to determine the company’s way of doing business.
This Codes of Business Principles reaffirm the general business principles that govern the company, all the branches and every employee. Every individual in BFI is required to act in accordance with this code and to ensure that these principles are disseminated to all the employees.
Corporate Core Values
Our underlying corporate core values determine our business principles, which are expanded into an employee code of conduct, which the company expects all employees to embrace, either within the company as well as whilst acting outside the company. The four elements of corporate value are:
1. Mutual Trust and Respect
This value is founded on the principle that leads to an atmosphere of mutual trust and respect, which paves the way for easier communication, better understanding of individual differences and encourages new ideas and opinions
2. Team Work
The value of team work in the organization is vital as this emphasizes working together toward a common goal and builds synergy among employees.
3. Strive for Excellent
This value encourages employees not only to test their potentials and skills against current standards, but also to challenge these standards and come out distinctly better. This translates to continuous improvement in our business process, product developments and decision-making resulting in the achievement of higher level of customer satisfaction.
4. Customer Satisfaction
This means to create and sustain a customer service mind-set that will significantly impact both internal and external customers. This orientation essentially stands as the organization’s guiding principle towards strategy and policy formulation, business and decision-making processes and service delivery.
Standard Code of Conduct
We conduct our buisness with honesty, integrity and openness, and with respect for the interest of Shareholders, employees and those with whom we maintain relations. Corporate Responsibilities BFI recognises 5 (five) areas of responsibility:
a. To Shareholders
We conduct our business to increase shareholder’s value based on good corporate governance principles. BFI aims to achieve an optimal return on equity, with the intention of maintaining a sustainable dividend payment to shareholders, while at the same time retaining sufficient funds in the company to generate profitable growth. BFI commits to maintain ongoing value to its shareholders, as well as providing timely, regular and reliable information on its activities, financial position and the company’s overall performance.
b. To Customers
We are committed to obtaining and maintaining customer relationships by developing and providing financial service products, which offer ongoing competitive value in terms of benefits and cost.
c. To Employees
We accept that our employee’s are important resources and as such we shall recruit, employ, provide training and promote them on the sole basis of qualification and abilities needed for the work to be performed. More over, we are committed to providing a healthy and safe working environment for all employees.
d. To Stakeholders
We commit to establish mutually beneficial relationships with our shareholders, creditors, suppliers and others with whom we conduct our business and adhere to this principle through professional implementation programs.
e. To Society
We conduct our business as responsible corporate members of society, to observe the law and regulations in the fields that our business operates within, and to ensure that our operations do not get involved in any activities that may violate human rights. Any donations made by the company will be for the purpose of improving social facilities in locations in which we operate. Donations are to be distributed effectively and directly, by the company, to the nominated recipients.
Business Integrity
BFI and all the branch offices insist on honesty, integrity and fairness be applied to all aspects of our business and in turn we expect the same in the relationships we have with all those with whom BFI does business. All business transactions on behalf of the company must be reflected accurately and fairly in the accounts of the company in accordance with established procedures, which are subjected to the accepted audit process. All BFI’s employees are expected to refrain from personal activities which may conflict with their roles and responsibilities to the company.
Commitments to the Business Operations
a. Use and Protection of Assets
BFI will ensure that each employee is responsible for the proper use, protection and conservation of the company’s assets and resources. The company’s assets and resources, as well as any opportunities arising by virtue of someone’s position, are to be used solely to persue and achieve the company’s goals and not for personal benefits.
All BFI’s employees must not seek gain for themselves or others through misuse of their position.
b. Disclosure of Information
BFI regards information on the company’s business strategy as a corporate asset that must be protected against loss, infringement and improper use and disclosure.
c. Insider Trading
BFI will ensure that all employees shall comply with the company’s insider trading rules. This means that non-public information, which might influence the market price of BFI’s shares, shall be kept in strict confidence until publicly released by the authorized management. Furthermore, employees who have sensitive information, which could influence the price of BFI’s shares and related rights, must refrain from directly or indirectly executing transactions in the company’s shares and related rights.
WHAT IS BFI CORE VALUE?
Means you have to walk the talk. Under promise and over deliver so people will always believe in anything you say and do. It’s not easy to earn trust and respect from other people, so once you’ve got it, hold it tight in your hands.
Simply stated, it is less me and more we, because none of us is as smart as all of us.
Your goal should be perfection. Excellence will be tolerated. Make your upper limit, no limit. If it can be done better than do it!
The purpose of the business is to create and keep customers. But first, you must earn and learn to keep your internal customers. Serve well, do well, live well, it is what life is all about.
Don’t just memorize the Core Value, but make it your personal life style. A thousand words will not leave so strong impression as one deed.
Don’t just talk about it, do it!!
Together, let’s make BFI a better place for living…
What is BFI Finance?
Financial company / non-bank financial institution that provides consumer financing and leasing for vehicles, industrial machineries, and heavy equipments.
How to apply for credit?
General requirement :
What vehicles’ year that can be funded by BFI?
15 years for private vehicles and 7 years for public transportation vehicles. Vehicles’ year depend on the kinds of the vehicles that could be covered by the insurance.
How long does the process of credit applying approves?
At least 1 work-day under condition, the document is complete and surveyed.
How long is installment period?
Minimum 6 months and maximal 36 months, depend on the credit type and vehicles .
May the customer apply for credit without down payment?
Sorry, we can’t approve your application without down payment.
How much is the credit interest?
Interest will be confirmed with the type / brand and year of the vehicles.
Could the customer use non-BFI partner insurance company?
Sorry, the customer should agree with our insurance company partner such as : Central Asia Insurance, Wahana Tata Insurance, Asoka Mas, Raksa Pratikara, Sinar Mas and Astra Buana.
| Board Of Commisioner | |
| Chairman | : Johanes Sutrisno (Independent Commisioner) |
| Commisioner | : Alfonso Napitupulu (Independent Commisioner) |
| Commisioner | : Rudy Capelle (Independent Commisioner) |
| Board Of Directors | |
| President Director | : Francis Lay Sioe Ho |
| Director | : Yan Peter Wangkar |
| Director | : Cornellius Henry Kho |
PT BFI Finance Indonesia Tbk (BFI) was established in 1982 as a joint venture company u.n.o. PT Manufacturers Hanover Leasing Indonesia, owned by Manufacturers Hanover Leasing Corporation (MHLC) of USA by 70% and the rest held by Indonesian shareholders. In 1986 MHLC divested all its shareholding and sold it to the Ongko Group.
Initially operated as Leasing company, BFI granted a "Multi Finance" license in 1990, which widens its scope of activities to do leasing, consumer financing and factoring activities. To reflect this new status the Company's name was changed to PT Bunas Finance Indonesia. Later in May 1990, BFI's shares was listed in the Jakarta Stock Exchanged (BEJ) and Surabaya Stock Exchange (BES) respectively.
After undergoing financial restructuring in the year 1998 – 2000 as a result of Indonesian and Asian economic turmoil, BFI completed its financial restructuring process in 2001 and gained strong support from the new shareholders. As a result, BFI emerged as PT BFI Finance Indonesia Tbk., an independent finance company with strong balance sheet, capable professionals and wide business networks to pursue new business opportunities in Indonesia. Furthermore, BFI's business emphasis has shifted to second hand cars for productive and commercial used, particularly in Small and Medium Enterprises (SME) and small individual entrepreneur. This strategy works successfully as shown by the growth, good financial result and sound credit quality.
Currently, with over 60 branches located at strategic cities throughout Indonesia and supported by over 2,000 employees, BFI is able to originate, process and collect receivables throughout the country efficiently and received several awards as an acknowledgement for this result.
Results of Annual And Extraordinary General Meetings of Shareholders
RESULTS OF
ANNUAL AND EXTRAORDINARY
GENERAL MEETINGS OF SHAREHOLDERS
PT BFI FINANCE INDONESIA Tbk.
22 April 2010
The Annual and Extraordinary General Meetings of Shareholders of PT BFI Finance Indonesia Tbk. (Meeting) convened on 22 April 2010 acquire bound the afterward matters:
Annual General Meeting of Shareholders
Agenda I
a. To acquire and acquire the Annual Report of the Company for the year concluded December 31, 2009, including the Accountability Report from the Board of Directors and the Supervisory Report from the Board of Commissioners of the Company, and to accredit the Financial Statements of the Company for the year concluded December 31, 2009 including the Antithesis Sheet and Assets Statement, Change of Equity, Banknote Flow, and Notes to the Company’s Financial Statements as audited by Public Accountant Firm; and
b. To acquire to accord abounding acquittal of albatross to the associates of the Board of Directors of the Company for the act of administration and accomplishing of their authorities and to accord abounding acquittal of albatross to the Board of Commissioners for the act of administration performed during the year concluded December 31, 2009, (acquit et de charge) provided that their accomplishments are reflected in the accustomed Annual Report and the ratified Financial Statements of the Company.
Agenda II
To acquire the allotment of net accumulation of the Company for the year 2009 as follows:
a. To administer banknote allotment of Rp135. (one hundred and thirty-five Rupiah) per allotment or a absolute bulk of Rp102,645,802,935. (one hundred and two billion six hundred and blaster actor eight hundred and two thousand nine hundred and thirty-five Rupiah) apery 34.06% (thirty-four point aught six percent), afterwards adding of banknote acting allotment already broadcast on the base of the accommodation of the Board of Directors’ Meeting with the approval from the Board of Commissioners on December 11, 2009, accretion to Rp43,339,339,017. (forty-three billion three hundred and thirty-nine actor three hundred and thirty-nine thousand seventeen Rupiah) or Rp57. (fifty-seven Rupiah) per allotment that was broadcast to the Shareholders on January 29, 2010, and the actual bulk of Rp59,306,463,918. (fifty-nine billion three hundred and six actor four hundred and sixty-three thousand nine hundred and eighteen Rupiah) or Rp78. (seventy-eight Rupiah) per allotment will be broadcast to the shareholders of the Company who are listed in the Company’s Register of Shareholders by 20 May 2010 at 16:00 hours West Indonesia Time, and acquittal will be due to the shareholders of the Company on 4 June 2010.
b. To set abreast Rp3,000,000,000. (three billion Rupiah) for assets funds pursuant to the Company’s Articles of Association and Law No. 40 of 2007 apropos Bound Liabilities Company.
c. The antithesis of net accumulation of 2009 accretion to Rp195,721,766,094. (one hundred and ninety-five billion seven hundred and twenty-one actor seven hundred and sixty-six thousand ninety-four Rupiah) will be appointed as Retained Earnings to strengthen the Company’s capital.
d. To accord the ability and ascendancy to the Board of Directors of the Company with barter appropriate for the allotment of net accumulation as defined above, including the agenda and activity for the administration of banknote allotment to the shareholders of the Company; and in this attention to accord the ascendancy to the Board of Directors of the Company to arise and arise afore the competent authorities, all this with no exception.
Agenda III
a. To accede to accord the ascendancy to the Board of Commissioners of the Company to accredit the Public Accountant Firm listed at Bapepam to accomplish the analysis on the Company’s Financial Statements of 2010.
b. To accord abounding ascendancy and ability to the Board of Commissioners to actuate the honorarium and added requirements accompanying to the arrangement and arrangement of the Public Accountant Firm.
Agenda IV
To accede to accord the ability and ascendancy to the Board of Commissioners of the Company to act on annual of the General Meeting of Shareholders to actuate the administration of assignment and ascendancy of the corresponding affiliate of the Board of Directors of the Company, the bulk and blazon of assets and any added allowance for the corresponding affiliate of the Board of Directors of the Company.
Agenda V
To accede to accord the ability and ascendancy to the Board of Commissioners’ Meeting of the Company to actuate the bulk of advantage and any added allowance for the associates of the Board of Commissioners of the Company.
Extraordinary General Meeting of Shareholders
Agenda I
1. To accord the approval as able-bodied as ability and ascendancy to the Board of Directors of the Company to:
a. Transfer the assets of the Company; or
b. To accomplish the assets of the Company as collateral;
representing added than 50% (fifty percent) of the Company’s absolute net assets in one (1) or added transaction(s), accompanying or different in one (1) budgetary year.
2. To accord approval as able-bodied as ability and ascendancy to the Board of Directors of the Company to assassinate the activity defined aloft including bonds issuance, costs cooperation with Bank, securitization and accepting borrowings from assorted allotment sources in the accustomed business advance of the Company.
Agenda II
1. To acquire the change of Article 3 of the Company’s Articles of Association apropos Purpose and Objective of the Company, pursuant to the Adjustment of Bapepam and LK No. IX.J.I, in adjustment to accommodate capacity of the business acreage of Financing, accoutrement as follows:
a. The capital business activity that realizes the arch business;
b. Supporting business activity that supports the arch business activity
2. To accredit and accord the ability with barter appropriate to the Board of Directors of the Company to accomplish any activity accompanying to the Meeting resolution, including but not bound to arise afore the competent authorities, align for discussion, accord and/or ask for information, book appliance for approval from and/or notification on the change of the Company’s Articles of Association to Minister of Law and Human Rights of the Republic of Indonesia and any added accompanying accustomed institutions, to accomplish or ask to accomplish and assurance deeds, belletrist and added abstracts that are all-important or advised all-important including those to accomplish the change and/or accession as appropriate in adjustment to access the approval from the competent authorities, arise afore the agent to ask to accomplish and assurance Circular Resolution of Meeting of the Company and to apparatus any added affairs that charge and/or can be accomplished in adjustment to apprehend this Meeting resolution.
In affiliation with the administration of banknote allotment for the year 2009, the agenda for administration of banknote allotment for the year 2009 is as follows:
A. Agenda for Banknote Allotment Payment
No.Description Date
1.Cum allotment in approved bazaar and agreement bazaar 17 May 2010
2.Ex allotment in approved bazaar and agreement bazaar 18 May 2010
3.Cum allotment in actual bazaar 20 May 2010
4.Ex allotment in actual bazaar 21 May 2010
5.Recording date for allotment 20 May 2010
6.Payment of allotment 4 June 2010
B. Activity of Banknote Allotment Payment
1. Banknote Allotment is payable to the Shareholders who are recorded in the Company’s Register of Shareholders as of 20 May 2010 at 16:00 hours WIB.
2. For Shareholders whose shares are registered in aggregate babysitter in balance archive of Kustodian Sentral Efek Indonesia (KSEI), the Company shall pay Banknote Allotment through KSEI to the balance annual of KSEI Annual Holders and the Shareholders will accept the acquittal from the accompanying Annual Holder.
3. For Shareholders who are still application scripts and ambition to acquire the Banknote Allotment acquittal transferred to their coffer accounts, may admonish the name and abode of the Coffer including the cardinal of their own account, amid with archetype of the Resident’s Identity Card (KTP) in accordance with the abode included in the Company’s Register of Shareholders and archetype of Tax Identification Cardinal (NPWP) in a letter address Rp 6,000 brand duty, that charge be accustomed not after than 20 May 2010 anachronous 16.00 hours WIB, to the Company’s Allotment Registrar (BAE):
PT Sirca Datapro Perdana
Jalan Johar No. 18, Menteng, Jakarta 10340
Tel.: (021) 390-0645, 390-5920
4. Banknote Allotment acquittal shall be accountable to tax pursuant to the able tax adjustment in Indonesia.
5. For Shareholders who are Corporate Domestic Tax Payers and acquire not submitted the Tax Identification Cardinal (NPWP) are requested to abide their NPWP to KSEI or BAE not after than 20 May 2010 at16.00 hours WIB. Without such NPWP, Banknote Allotment paid to Corporate Domestic Tax Payers shall be accountable to Assets Tax of 30% (thirty percent).
6. Especially for adopted Shareholders who are Adopted Tax Payers, the tax answer shall accommodate to the able Tax Regulation. Adopted Tax Payers are requested to send/submit the aboriginal archetype of their Certificate of Domicile, as follows:
a. For Shareholders who are still application scripts, the aboriginal Certificate of Domicile shall be beatific to PT Sirca Datapro Perdana.
b. For Shareholders whose shares are registered in aggregate babysitter of KSEI, the aboriginal Certificate of Domicile shall be beatific to KSEI through the actor appointed by the corresponding Shareholders.
c. The aboriginal Certificate of Domicile charge be accustomed by KSEI or BAE not after than 20 May 2010 at 16.00 hours WIB, or pursuant to the accouterment defined by KSEI for the shares in aggregate custodian. Without such Certificate of Domicile, Banknote Allotment acquittal to adopted Shareholders shall be accountable to tax of 20% (twenty percent).
Jakarta, 22 April 2010
PT BFI Finance Indonesia Tbk.
The Board of Director
Tips on Buying a New Car
For best bodies owning a car is advised to be like accepting a “lover,” admitting in adjustment to accept it, one charge conduct austere consideration. Otherwise, it will accompany annihilation but agitation in the future.
But one affair for abiding to abstain miscast on selecting a fresh car, it is best to accouter ourselves with able ability apropos the car that we desire.
The followings are several tips and tricks that can be our credibility of acumen afore branch to the exhibit to aces the car of our dream:
1. Accomplish Up Your Decision Afore Activity to the Showroom
Before dispatch up to the showroom, adjudge what you appetite from a car, the features, the model, the amount or its agent capacity. Many dealers appetite you to shop for a car that they offer, not a car that you appetite or need. It is best for you to accept two or added choices so that it gives you befalling to accomplish comparisons and to acclimatize with your accessible budget.
2. Accouter Yourself with Sufficient Information
Browse the internet to attending for the car you admiration afore branch to the showroom. Check the amount account offered by the banker firsthand, additionally it is important to aggregate brochures to acquisition out the appearance of the car that you appetite and acquisition out the probabilities of abatement program.
3. The Sales Agents is NOT Your Friend
Please bethink that a sales agents has the capital assignment to accomplish money, they are not your friend! Even admitting he is your uncle, nephew or neighbor, they still apprehend the agency of affairs the car. You should be actual accurate in your own money absorption because those sales allegedly will not affliction about your banking condition.
4. Get Aboriginal Approval
Make abiding to get aboriginal approval from the coffer or leasing aggregation if you ambition to shop for a car with acclaim facility. By pocketing the aboriginal approval from the banking institution, you can acclimatize the amount of the car with the acclaim beam and additionally to acclimatize the agreeable of your abridged back you accept to pay the account installments.
5. Accede the Aliment Fee
Carefully accede the aliment fee back allotment a car to own. You charge to account how abundant money you accept to absorb to “nurse” your car in a year. Some cars can be cheaper in agreement of price, but the aliment fee afterwards several years of appliance turns out to be college than those cars with college amount tags.
6. Absorb Added Time to Re-think
Do not let the sales agents gives you a adventitious to accompany the car home to try out afore the accord is closed because by accepting such action you will be abounding with obligation, and moreover, you will accept bottom acceding power. The best way back you accede to shop for a car is by activity home aboriginal afterwards abiding from a exhibit and re-think at atomic 24 hours afore you adjudge to accompany the car to your garage.
| » | MNC Tower Lt. 25 (Menara Kebon Siri) |
| Jl. Kebon Sirih No. 17-19 Jakarta Pusat 10340 Email (service) : qs@bfi.co.id Email (investor) : corsec@bfi.co.id Email (recruitment) : recruitment@bfi.co.id Email (marketing) : databasemgt@bfi.co.id | |
| Phone : (021) 3910110, 3920061, 3920091 | |
| Fax : (021) 3912005, 3920607 |
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