Eight finance companies awarded the best 2006 from Investor magazine. For the best finance companies with assets above Rp 2 trillion achieved by PT Bussan Auto Finance and PT Caterpilar Finance Indonesia. This was conveyed by chief editor Primus Dorimulu in Jakarta today.

PT Wahana Ottomitra Multiarta be the best in the category of assets of Rp 1-2 trillion. For the four other categories achieved by PT Sasana Artha Finance and PT Diamond Lease Indonesia (Rp 500 billion asset-Rp 1 trillion), PT Bringin Indotama Sejahtera Finance (assets of USD 250-500 billion), PT Danpac Finance (USD 100-250 billion of assets ), and PT Harvesia Asset Finance (assets of less than Rp 100 billion). Data from the Ministry of Finance says there are about 210 finance companies in Indonesia. However, Investor selection is only performed on 131 of 134 companies that become anggotan Indonesian Financial Services Association.

According to Primus, the company that pass the selection must meet the initial requirements, which have positive earnings and capital, debt to equity ratio of not more than 15 times, and submit financial statements prior to August, and is still actively operating. “Then, do the ranking based on return on assets, return on equity, debt to equity ratio, earnings growth, assets, and income 2004-2005, as well as financing ratio to total assets,” he explained.

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