THE ADVANTAGES AND DISADVANTAGES IF THE COMPANIES GET

THE CAPITAL FROM BANKING, BONDS, AND STOCK AND SHARES

BASED ON THE COMPANY'S PERSPECTIVE

BY GROUP 9
AGIL PRAYOGA

1211011008

AGUS PIJAYANA

1211011009

FEBY GIPANTIUS ZAMA

1211011062

IIN YULIYANTI

1211011072

RIKA MARINTA PUTRI

1211011133

YOGA RISKYAWANSYAH

1211011162

ELFRISA MAULITIA

1411011032

INDRA PAMBUDI

1411011054

MUHAMMAD ARIF HASAN

1411011081

RAUDATUL ATFALIAH

1411011108

SUHENDRA HIDAYAT

1411011126

MAJORS MANAGEMENT
ECONOMIC AND BUSINESS FACULTY
UNIVERSITY OF LAMPUNG
BANDAR LAMPUNG
2015/2016

ADVANTAGES AND DISADVANTAGES OF BORROWING FROM

BANKS BUSINESS CREDIT ADVANTAGE OF BANK LOANS FOR
BUSINESSES
1. Convenience and Accessible banks always accessible to users because they are
used on a regular basis to keep savings or withdraw it. After being a customer for
many years, banks become comfortable and familiar, and personalized service
make it the first place considered for loan.
2. Multiple Choice type of loan-all banks advertise the types of schemes to woo
entrepreneurs setting up or running a business. Real income for the bank comes
from the interest they charge on loans. Options such as futures loan (long-term
and short-term), business loans and other standards are available for
entrepreneurs.
3. Non Profit-Sharing joint venture capitalists and investors agreed to provide a
loan in Exchange for part ownership, rights to influence decision making and part
of the profits. The Bank does not ask for any of this. If they do the loan sanctions,
they are only interested in getting their interest and installment payments credit
partially.
4. lower interest rates although it is difficult to get it, banks provide loans at
lower interest rates than other loan lambaga credit card
5.The assurance of safe-if we borrow money, we certainly will give you a
guarantee certificate as a home, car or motorcycle REGISTRATION, not to
worry. Of course the bank will keep all warranties have customers.
6. Bank loans Offer tax benefits small businesses who took loans from banks are
enjoying some relief from taxes, as a percentage of the profits are used to pay
back the loan is exempt from tax.

A shortage of business credit to borrow from the Bank But, as previously

mentioned, getting a loan from a bank is not easy. Here are the drawbacks:
1. The length of the application process-the Bank needs to verify all credentials
and details about your business before providing loans. Therefore the
implementation process is very long and the other reviews which require a long
time.
2. Complicated processes into banks sometimes complicated or troublesome
Preference given to ever borrow or running a business banks prefer to lend to a
business that has been running since they are easy to measure profitability and
credit history before providing loans.
3. The list of prerequisites to qualify for a loan in the Bank have a long list that
must be met before they delete the loan. It is sometimes not possible to meet all of
them.
4. Risk of Loss Loans-Banks generally give sanctions against some collateral,
such as home and property entrepreneur.
5. All funds not awarded Bank note does not agree to give the entire amount of the
loan. They provide 70 or 80% of the amount applied. This makes it difficult for
entrepreneurs to start because he has a remaining balance while he pays a fixed
interest rate loan.

Study case
XL Signed a loan of USD 140 Million
Jakarta, November 7, 2008, PT Excelcomindo Pratama Tbk (XL) signed a
syndicated loan worth USD 140 million three year timed with four banks. The
fourth bank in question is the DBS bank Ltd, Economic Development Canada,
The Bank of Tokyo-Mitsubishi UJF, and Chinatrust Commercial Bank, Ltd. in
this regard, PT Bank DBS Indonesia also acts as facility agent such loans.

XL next will use the funds to finance this loan needs for capital expenditures,
working capital needs, as well as the needs of other companies.

In the midst of the global financial crisis and concerns that arise, XL has emerged
to become one of the very few companies in Indonesia who managed to get a loan
of USD abroad to suffice the needs of the Fund. With the successful signing of the
loan as well as recognition to the strong position of the XL as the major players,
as well as Indonesia's telecommunications industry affirmation over the potential
for growth and business.

"We are very pleased with the support given the bank's fourth, in the middle of a
very unstable financial situation. We believe they can be the right business
partners in an effort to continue business development XL, "said President
Director Hasnul Suhaimi,.

XL mobile telecommunications operator is the 3rd largest in Indonesia with a BBrating by S&P and Ba2 by Moody's.

Source : http://www.xl.co.id/corporate/id/ruang-media/national/xl-sign-loans-usd140-million

GAINS AND LOSSES ON INVESTMENT IN STOCKS THERE ARE

BASICALLY 2 PROFIT FINANCIER WITH MEMBEI OR HAVE
SHARES, NAMELY:
1. Dividends I.e. profit sharing provided the issuer over the resulting profit
dividend company, awarded after approval from the shareholders in the
GENERAL MEETING OF SHAREHOLDERS. The company distributed
dividends can be a meaning to each cash devien shareholders given the dividend
in the form of cash in the amount of rupiah for each particular stocks or also can
be in the form of stock dividends, meaning each shareholder dividend given a
number of shares amount shares owned by investors was increased by the
presence of apportionment deviden stock.
2. Capital gains a Capital gain is the difference between the buying price and the
selling price, where the selling price is higher than the purchase price, the capital
gains form by the existence of trade activity in the secondary market. For example
a financier bought shares of the Earth with the price per sheet of Rp. 5000 and
then sell it at a price of USD 5500 per painting, which means that financiers have
earned a capital gain of Rp 500 for each stock is sold. Generally short-term
orientation with financiers to pursue profit through capital gains.

Besides the advantage of 2, then the shareholders also allow to get in: 3. Shares of
Stock Bonus bonus (if any) that the shares were distributed to shareholders of the
company are taken from agio agio, is the difference between the selling price of
these shares nominal price at the time the company did a public offering on the
market, for example any shares with nominal value of Rp. 500 sold at Rp 800 then
every stock will provide to company agio of Rp 300 per share.

While the losses that can occur in investing in stocks, namely:

1. Got no dividend the company will distribute dividends if the company's
operations generate profits. Thus the company may distribute dividends if the
company suffered losses. Thus the profit potential financiers untukmendapatkan
dividend is determined by the performance of the company.
2. Capital Loss In stock trading activities, not always the financiers get capital
gains or profits on shares that are sold. There are times when investors sell their
shares lower price than purchasing prices, thus investors experienced a capital
loss.
For example an investor buy shares on the price of Rp. 5000 per painting, but
some time later sold at Rp. 4500 per painting, meaning that investors suffered
losses amounting to Rp. 500 per painting, called the losses a capital loss. In the
sale and purchase of shares, sometimes an investor to avoid potential losses that
grew along with the steadily declining stock price, then the investor is willing to
sell its shares at a price lower than the purchasing price, these terms are known as
Cut Loss.
3. the company is bankrupt and liquidated If a company went bankrupt, then of
course will impact directly to the shareholders of the company. In accordance with
the rules of registration of shares in the stock exchange. The company liquidated,
then pemeganng the stock will get a position lower than bond holders or creditors,
and if there are still remaining will be distributed to shareholders.
4. Shares in the delist from the stock exchange (the delisting is) other Risks faced
by investors is if the company's shares issued from the recording of the stock
exchange (delist). A company's shares on the stock exchange in the delist are
generally due to poor performance of the company, for example, in the past a
certain time is never traded, suffered losses of a few years, do not share dividends
respectively for several years and various other conditions are in accordance with
the rules of registration in bursa.
There is a company in the delist out of stock with the aim of Go Private, the
company that does Go Private investors do no harm because the issuer buys Back
towards the stock reply is published.

5. Shares in Suspend if a stock is in suspend or disbar trading by the stock

exchange authorities. Thus investors cannot sell their shares until the shares in the
suspend suspend from status revoked. Suspend usually take place in a short time
for example in 1 session of trading, 1 day trade but may also be taking place in the
past few trading days.
The thing that causes the namely suspend shares in a stock is experiencing a
tremendous price hikes, an enterprise dipailitkan by its creditors, or various other
conditions that require the exchange authority suspend trading of the shares for
other confirmation was then asked. Such that the information on these clear yet
not become the arena of speculation, if after obtained a clear information, then
suspend status on shares can be revoked by the stock exchange and can be traded
again.

Case study
Microsoft planting investment on Custom Android ROM Developer
Cyanogen
Cyanogen, one of the developers of the custom ROM for Android, recently got an
injection of funds. Uniquely, according the information mentioned in
PhoneArena.com, injections of funds it acquired Giant Company makers of
Cyanogen Windows OS which is none other than Microsoft. Even though it has
not been announced officially by both parties, the rumored numbers Microsoft
investments made on Cyanogen for US $ 70 million.

Microsoft actually had long been fascinated with Cyanogen, the previous rumour
some mention if the company is now led by Satya Nadela to acquired the
Cyanogen. But his own Cyanogen are still struggling with the development of a
Custom ROM on your Android plaform. Android is open-source platform which
so far remain open to permit the developer to customize the platform, and also
provide access to Google services including Google Search, YouTube and Play
Store.

With a large enough investment numbers, Microsoft certainly also got results
from large investment anyway. But some observers see that Microsoft not only
plant investment on Cyanogen, likely also want to apply the customization
development ROM in Windows Phone ecosystem.

Kirt McMaster, CEO of Cyanogen admitted this time around 50 million users of
Android in the world have been using custom ROM Cyanogen version. It proves
the Android version of Cyanogen pretty much demand by smartphone users. If it
is implemented on a Windows Phone, will certainly provide a big revenue for
Microsoft.

Source: http://www.jagatreview.com/2015/01/microsoft-cropping-investment-atdeveloper-custom-rom-android-cyanogen/

Microsoft 882 Billion to Idr Syringe Android developer

Jakarta, Indonesia-CNN-Microsoft is reported to have fresh funds to the company
menggelontorkan Cyanogen for performing modifications on the Android
operating system, and operating outside the auspices of Google.

The Wall Street Journal reported, investments made Microsoft reaches US $ 70

million or equivalent to Rp 882.9 billion.

According to some financial experts, these investments are rated highly unusual
for Microsoft. The reason, the company stub is given a great investment this is a
competitor's line of his own business, namely, Windows Mobile and Microsoft
Mobile (which was formerly a business unit of Nokia phones).

Spokesman for Microsoft and Cyanogen declined to comment.

However, analysts argued that it is a conventional step performed by Microsoft

considering Windows Mobile's market share in the world only about 3 percent, in
contrast to the Android or iOS.

"Cyanogen may have a greater chance of Microsoft to build a larger ecosystem,"

said Rajeev Chand, Managing Director of Rutberg & co., an investment firm for
the mobile industry.

The Android operating system has its own open (open source). This allows a third
party doing software development independently.

We will take Android from Google Kirt McMaster, CEO of Cyanogen Android
operating system Though its nature is very open, but Google does not release their
bonds. They pull the license application and the Google internet services for
companies wishing to adopt third-party Android. Applications and internet
services that include Gmail, the PlayStore, Hangouts, Maps, and more.

Cyanogen offer different things. Company with 80 employees work to make an

Android version of himself. As much as 9000 developer volunteers claimed to
have been working to help the Cyanogen.

"We will take Android from Google," said Kirt McMaster, CEO of Cyanogen last
week.

He said that more than 50 million people have used the Android operating system
version of Cyanogen. They had a mission about to reduce control over Google's
Android. OnePlus is one company that uses the Android version of Cyanogen.

Cyanogen had previously received investment from several venture capitalist,

among others, Benchmark Capital, Redpoint Ventures, Andreessen Horowitz and
the original China Tencent.

(adt/adt)

Suorce :
http://www.cnnindonesia.com/teknologi/20150130114036-185-28509/microsoftsyringe-rp-882-billion-to-developers-android/

THE ADVANTAGES AND RISKS OF BONDS

Once you know what is a bond and how their characteristics, you then need to
know what are the advantages and risks of investing in bonds before you decide to
invest in bonds.
As an investment instrument, bonds offer some interesting advantages, among
others:
1. to provide a fixed income (fixed income) in the form of coupons.
This is a major feature of bonds, where the holder of the bonds will earn interest
income on a regular basis during the time of the enactment of the bond. Flowers
offered bonds, are generally higher than the interest given deposits or SBI.
2. Profit on sale of bonds (capital gains).
In addition to earning in the form of coupon bonds, the holder can trade in bonds.
If it is higher than the selling price of purchasing then of course the bond holders
get a difference known as capital gains. Selling the bonds in the secondary market
can be made through the dealer or broker bonds. Buy and sell bonds different
from buying and selling stocks. If selling stock is declared with a value stock, for
example A rupah sells for Rp 4000 per shares then selling bonds expressed in the
form of a percentage of the top rates bonds.
Although it includes securities with relatively low level of risk, but bonds still
contain some risk, among others:
1. The risk of the company could not afford to pay coupon bond or risk the
company is not able to refund the principal amount of bonds.
The inability of the company to pay the obligation known as the default. Although
it is rare, but can be just a bond issuer unable to afford either the interest or
principal on bonds.
2. Interest rate Risk (Interest Rate Risk).
Bond price movements largely determined the movement of interest rates. The
movement of the price of the bond is inversely proportional with the level of
interest rates; This means that if interest rates rise the price of bonds goes down.
Conversely, if interest rates come down the price of bonds will go up. Bond
investors should be observant to estimate interest rates such that she can predict
whether kept hold of a bond, buying new bonds or sell bonds held at this time.
Bond trading heavily influenced interest rates. If interest rates increase, the value
of the bonds being down, which means bonds will be sold with a discount or sold
cheaper. (Martin Surya Mulyadi)

The study case

Apple selling bonds sold
Apple sold Bonds raked in US $ 17 billion through the sale of bonds, the largest
number ever recorded a non bank companies, to help plan the payment to
shareholders.
Last week, Apple said it would buy back US $ 60 billion in stock, and increase
profits to shareholders by 15%. The sale of bonds, the Apple-the first in two
decades--was issued even though the company has a reserve fund of US $ 145
billion.
However, most of the money was in an account outside of the u.s. and will cut u.s.
tax if repatriated.
At the same time, interest rates in the u.s. the Middle approach the record low ofhelps lower the cost of fundraising for the company.
That means, cheap fare for Apple to raise funds by issuing bonds, even though it
will attract interest payments.
' Sesutu ' all desired the funds obtained will be used to pay in particular for
shareholders in recent years seen their stock value increased, but became
frustrated in the past few months.
Shares of Apple down to approaching 40% after record highs in September last
year.
Apple stock decline triggered by concerns over the company's growth in the
future, including the success their competitors such as Samsung are increasing
market share of smart phones and tablets, which were previously dominated by
Apple.
Earlier this month, Apple reported its first profit decline in 10 years.
They achieve a net profit in the first quarter of 2013 amounting to US $ 9.5
billion, down from US $ 11.6 billion in the last year.
But the results were better than expected, where sales of iPhone and iPad still
dominates revenues of US $ 43.6 billion.
Source :
http://www.bbc.com/indonesia/majalah/2013/05/130501_obligasi_saham_apple