SURVEY OF ESTABLISHMENTS ON THE IMPACT OF ASIAN FINANCIAL CRISIS PART I

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1 ID. NUMBER : Filled by BPS REPUBLIK INDONESIA BADAN PUSAT STATISTIK SURVEY OF ESTABLISHMENTS ON THE IMPACT OF ASIAN FINANCIAL CRISIS PART I. Province :... 'LVWULFW0XQLFLSDOLW\ $GPLQLVWUDWLYH7RZQ THE WORLD BANK Filled by BPS Kec 6XE'LVWULFW Des 9LOODJH 6XUYH\<HDU 9 8 ThSur Prop Kab DPHRI(VWDEOLVKPHQW $GGUHVVRI(VWDEOLVKPHQW... RVWDO&RGH (PDLO )... 7HO )D[ EMHFWLYHRIWKH6XUYH\ 7RFROOHFWXSWRGDWHLQIRUPDWLRQRQWKHILQDQFLDOVWUXFWXUHODERUSURILOHSURGXFWLRQDQGPDQDJHPHQWGXH WRWKHLPSDFWRIWKH$VLDQILQDQFLDOFULVLVRQPDQXIDFWXULQJHVWDEOLVKPHQWV /HJDO%DVLV 7KHLPSOHPHQWDWLRQRIWKHVXUYH\LVEDVHGRQ/DZXPEHURQVWDWLVWLFV &RQILGHQWLDOLW\ &RQILGHQWLDOLW\RIWKHGDWDLVJXDUDQWHHGXQGHU/DZXPEHURQ6WDWLVWLFV $WWHQWLRQ Information If you have s completing this form, please contact :

2 L Indra Surbakti, MA Biro Statistik Industri, BPS Jl. Dr. Sutomo. 8 Jakarta 070 Telephone : (0) 809- ext Fax : Indras@mailhost.bps.go.id L Rifa Rufiadi Biro Statistik Industri, BPS Jl. Dr. Sutomo. 8 Jakarta 070 Telephone : (0) 809- ext Fax : Rifa@mailhost.bps.go.id SURVEY OF ESTABLISHMENTS ON THE IMPACT OF ASIAN FINANCIAL CRISIS I. GENERAL INFORMATION ABOUT THE ENTERPRISE TO WHICH THIS PLANT BELONG V00. In what year was this enterprise established (Tidak >998) 9. Does this enterprise have more than 0 shareholders V00 L no L. What is the combined ownership share of the top 0 shareholders V00 %. Did the founder/incorporators of this enterprise have operation experience in the specific manufacturing activity of the company. Was this experience acquired from a. Indonesian-owned firm V00a b. Foreign-owned firm V00b c. Joint venture with foreign firm V00c V00 L. L. If yes to either.b or.c, what was the foreign firm country of origin V00. How many factories does this enterprise have a. In Indonesia b. Outside Indonesia V00a V00b II. GENERAL INFORMATION ABOUT THIS FACTORY V006b 6.. Describe the main product of this factory ISIC V006a V006b 6.. Describe other activities/product of this plant ISIC V006a

3 7. Government facilities/incentive received by this factory V007 - Facilities for foreign investment - Facilities for domestic investment - facilities 8. Is this factory located in an economic zone V008 L 8. L 9 8. What type of economic zone V008 EPTE (Export processing zone managed by directorate general of customs and excise) KB (Export processing zone) Outside EPTE and KB 9. What is the approximate proportion this plan that the semi-finished or intermediate products Final product Semi-finished product Total V009a % V009a % (V009i) 00 % 9. If this firm produces semi-finished product, does this firm sell these products to firm that use them to make goods that they export? V Which of the following categories of firms did/do you consider to be your biggest competitor choose one a Other domestic producer b Other joint ventures/foreign owned c Firms in Vietnam, China, Cambodia, Laos, Myanmar d Firms in Malaysia, Thailand e Firms in South Korea, Taiwan, Singapore, Hong Kong f Firms in United States, Japan, Europe, Australia g Firms in Philippine h Others V0a V0a V0a July 997- October If this firm is going to undertake a substantial investment for building or machinery, estimate what percentage of financing would come from a Income from sales b Loan from local bank c Loan from foreign bank d Loan from non bank financial institution e Loan from local money lender f Family or friends g Suppliers h partner firm I. Shareholder j. Other similar firms/association k Others, specify V0k 997 before the crisis V0a % V0b % V0c % V0d % V0e % V0f % V0g % V0h % V0i % V0j % V0k % July 997- October 998 V0a % V0b % V0c % V0d % V0e % V0f % V0g % V0h % V0i % V0j % V0k %

4 . If this firm needed short-term financing, please estimate what percent would come from a Income from sales b Loan from local bank c Loan from foreign bank d Loan from non bank financial institution e Loan from local money lender f Family or friends g Suppliers h Partner firm I. Shareholder j. Other similar firms/association k Others, specify before the crisis V0a % V0b % V0c % V0d % V0e % V0f % V0g % V0h % V0i % V0j % V0k % July 997- October 998 V0a % V0b % V0c % V0d % V0e % V0f % V0g % V0h % V0i % V0j % V0k %. Do you give credit to your customer V0a L. L. Jan-June 997 July 997- October 998 a. What percentage of output is usually sold on credit V0a % V0a % b. What discount terms do you offer V0b V0b c. How long do you usually give credit V0c days V0c days. Do you buy inputs on credit L. L. If is yes Jan-June 997 July 997- October 998 a. What percentage of inputs is usually bought on credit V0a % V0a % b. What discount terms are you offered V0b V0b c. How long do you usually receive credit V0c days V0c days III. IMPACT OF THE CRISIS a. Before the onset of the crisis (July 997), did this firms have expansion plans for this plant? V0a b. Is this firms planning to expand in 998 V0b c. Is this firms planning to expand in 999 V0c

5 . What was the capacity utilization of this factory in Capacity utilization is the amount of output actually produced relative to the maximum amount that can be produced a. 996 b. Jan - June 997 c. July - Dec 997 d. Jan - June 998 e. July -October 998 V0a % V0b % V0c % V0d % V0e % 6. How do you expect your capacity utilization in the next 6 months? V06 To decrease the same To increase 7. Has your level of output generally declined since the onset of the crisis in July 997 V07 L 7. L 8 7. If yes, to what extent do you attribute the decline in output to contribution Small Medium Great Greatest a. Decline in domestic demand V07a b. Decline in foreign demand V07b c. Insufficient credit being extended by suppliers V07c d. At current interest rates, insufficient credit available from bank for working capital V07d e. At current interest rates, insufficient credit is available from banks for expansion V07e f. High level of interest rates V07f g. Depreciation of rupiah has increased input cost V07g h. Increase in labor cost V07h I. Shortages in raw materials V07i j. Suppliers hurt by the crisis are not delivering goods V07j k. Foreign V07k l. Others V07l 8. What is approximate structure of working capital in this firm Retained Bank loan Others Total earning December 996 V08a % V08a % V08a % V08a 00 % June 997 V08b % V08b % V08b % V08b 00 % December 997 V08c % V08c % V08c % V08c 00 % October 998 V08d % V08d % V08d % V08d 00 %

6 9. Does this factory have outstanding loan/credit V09 9. Approximately what share of your outstanding credit is due in 9. How long will you be able to sustain meeting the loan if interest rates stays at current level? V09 L 9. L 0 Less than months V09a % Between and 6 months V09b % Between 6 Month to year V09c % More than year V09d % a. Indefinitely b. More than year c. 6 months to year d. to months e. Less than months f. At this time cannot meet loan payments fully 6 0. a. In 998 are domestic banks renewing loans or extending new loans to this firm V00a b. Are foreign banks renewing loans or extending new loans to this firm V00b c. Are suppliers still extending credit to this firm V00c d. Does this firm still extend credit to customers V00d. Which creditors have become more restrictive in making credit available to your firm since the onset of the regional financial crisis (July 997). Circle one answer Circle 8 is credit is not restricted V0 a. Domestic banks b. Foreign banks c. n bank financial institutions d. Local money lender e. Partner firm f. Family/friend g. Suppliers h. t Restrictive Does this firms currently have adequate equity to finance production? V0 L L.. If no, to what extent do you attribute inadequate equity to contribution a. Lower revenue because sales are down V0a b. High input cost V0b c. Inadequate loan for working capital V0c d. Insufficient credit from supplier V0d e. Low collection rate V0e f. Others V0f Small Medium Great Greatest

7 . a. Is this firm actively seeking a new business partner? b. If yes, the type of business partner V0a V0b Domestic Foreign L.b L.. How important are the following factors in the selection of a new partner t important Slightly important Important enough Important a. Access to credit for working capital V0a b. Access to finance for expansion V0b c. Increase the equity ownership in the firm V0c d. Solidify supplier relationship V0d e. Facilitate access to local market V0e f. Facilitate access to foreign market V0f g. Facilitate access to new technology V0g h. Facilitate access to modern management V0h Very important. Were any proposed or on going joint venture/financial investments by foreign partner stalled or canceled as a result of the crisis? V0. What is the percentage of the number of workers in this factory now compared to before the crisis? V0 If answers a to d, go to question 7 a. 6%-00% more b. %-% more c. %-0% more d. The same e. %-0% less f. %-% less g. 6%-00% less If the number of workers is less than before the crisis, what is the reason? a. Resignations V06a b. Lay-offs V06b 6. If the number of workers is less than before the crisis, than a. Are workers leaving the factory entitled to in insurance V06a b. Does your firm give severance pay/benefit to workers who wee lay-off as a result of the crisis V06b

8 6. If the number of workers is less than before the crisis a. What is the average age of workers leaving the plant V06a b. What is the average tenure of workers leaving the plant? V06b c. What percentage of the reduction in employment are 7. In response to the crisis I.) Under0 years old ii.) 0-0 years iii.) -0 years iv.) -0 years v.) Over 0 years old I.) Less than year ii.) - years iii.) - years iv.) 6-0 years v.) More than 0 years I.) n production workers V06c ii.) Production workers V6c iii.) Technicians V6c iv.) Administrative staff V6c v.) Management V6c % % % % % a. Are your cutting down hours/days of work of hourly/daily paid workers in this plant? b. Are you introducing a compressed work week for monthly paid workers in this factory? V07a V07b c. Are you imposing forced vacation leaves? d. Are you introducing a freeze in salary increase? e. Are you introducing cuts in salaries? f. Are you imposing a stay at home policy to some of you workers? V07c V07d V07e V07f

9 IV. BUSINESS ENVIRONMENT AND INFRASTRUCTURE 8. What do you perceive to be the most important current bottleneck in production and for technological improvement for this factory Slight enough big major a. Lack of quality local suppliers V08a b. Lack of suppliers of machinery and equipment V08b c. Infrastructure service (water, electricity, telecommunication, and transportation) V08c d. Quality and supply of technicians and engineers and highly skilled personal V08d e. Quality and supply of production workers V08e f. Labor costs V08f g. Minimum costs V08g h. Restrictions on hiring/firing workers V08h I. Labor unrest/strikes V08i j. Access finance for working capital V08j k. High interest rates make loans too costly V08k l. Bureau of customs system V08l m. Bureaucracy V08m n. Corruption V08n o. Protection of intellectual property rights V08o p. Tariff and quota on imported inputs and equipment V08p q. V08q r. Regulation to hire foreign workers V08r s. Lack of highly trained workers V08s 9. What is your perception of infrastructure service in the country? Type of Infrastructure Slight Enough Problem Major Improved change worse Electricity V09a Water V09b Waste Management V09c Transportation of goods V09d Transportation of workers V09e Telecommunication V09f V09a V09b V09c V09d V09e V09f 9. Does this factory have its own a. Main generator V09a b. Back up generator V09b c. Waste management V09c d. Source of water V09d 0. Participation of this firm to government sponsored program

10 Government program Participate Awareness a. Financial (eq., KUKM) V0a b. Product promotion (eq., export product expo) V0b c. Technical transfer and marketing technical assistance) V0c d. Trade facilitation (eq. : L/C facilitation) V0d e. Training V0e V00a V00b V00c V00d V00e V. TECHNOLOGY AND PRODUCT/PROCESS DEVELOPMENT.. Does this firm perform R and D for product/process in 997 V0 L. L.. If yes, approximately how much was R and D expenditure as a proportion to total sale in 997 (wage and salaries of R and D personnel are part of R and D expenditure V0 %. Does this firm plan to perform R and D in 999? V0

11 . How does this firm acquire new technologies Source of technology Origin of technology Local Foreign Year of last acquisition a. Technology licencing V0a b. From buyers V0b c. Joint venture partner V0c d. Turn key contract V0d e. Transfer from parent company V0e f. Hiring of key personnel V0f g. Suppliers of capital equipment or machinery V0g h. University or research institution V0h I. Others ( Specify V0i ) V0a V0b V0c V0d V0e V0f V0g V0h V0i. How do would you describe the level of automation of machinery and equipment in you plant V0 Mostly manual Mostly semi-automatic Mostly-automatic. How do accuracy and precision in this plants production process usually measured V0 With precision measuring instrument Simple measuring devices Visual inspection. Did you accept sub-contracted work from other firms on an ongoing basis in 997 V0 L. L 6. With how many enterprise were you a sub-contracted and what percentage of your total production in 997 was accounted by these sub-contracts? Type of enterprise Number sub-contracts Percent of total production Subcontracts Enterprise Indonesia-Owned Foreign-Owned V0a V0b V0a V0b V0a V0b

12 . What type of services or assistance did the enterprise provide to you as a subcontractor in 997? Type of services/assistance provided Local foreign a. Advance payment and financing V0a V0a b. Lending/leasing machinery and equipment V0b V0b c. Training of workers V0c V0c d. Secondment of their staff to your firm V0d V0d e. Facilitate meetings with vendors or suppliers V0e V0e f. Quality control V0f V0f g. Product or process technology V0gb V0g h. Others, (specify V0h ) V0h 6. Does this firm hire subcontractors? V06 L 6. L 7 6. What s do you face with your subcontractors? Problems faced ne Slightly enough Big Major a. Lack of suitably trained and skilled personnel V06a b. Low technology V06b c. Unable to meet delivery schedules V06c d. Insufficient Quality Control V06d e. Others (specify V06e ) 7. Do any of the product or process in your factory have ISO-9000 certification V07 a. b., we did not apply c., we applied but did not receive certification d. t aware of ISO-9000 e. Will seek it in the next years 8. Do any of the product or process in your factory have ISO-000 certification V08 a. b., we did not apply c., we applied but did not receive certification d. t aware of ISO-000 e. Will seek it in the next years VI. CORPORATE FINANCE A. BANKING AND FINANCE COMPANIES 9. With how many financial institutions do you currently do business with? V How long have you been doing business with your major bank? V060 years

13 . Do you also do business with foreign banks? V06 L. L. What is the nationality of the major foreign bank you use? V06. Have you obtained financing from specialized bank a. In 997 V06a b. In 998 V06ab. Did a bank or another financial institution decline to grant you a loan? a. In the period of to 0 June 997 b. In the period of July to 0 Dec, 997 c. So far in 998 V06a V06b V06c. Does any financial institution own at least 0 percent of the equity in your firm? V06. Does this firm have a board of directors? V06, L., L 6. Do employees of banks sit on your board of directors? V06. Do you have outside/independent directors on your board? V06. What percentage of the board member do they comprise V06 %. How often does your board meet? Every V06 month, L., L.. Does an audit committee report directly to the board V06 6. Do employees of your firm sit on the board of directors of financial institutions? V066,,,, 7. Who makes decisions for major investments? V067 a. The board b. Management c. Owners d. Parent firm e. Company group B. FOREIGN EXCHANGE EXPOSURE

14 8. Does this firm has foreign currency exposure? V Do you typically buy hedging contracts on your foreign currency exposure V068a V068b V068a % hedged V068b % hedged N.a. 9. Has this firm incurred any foreign exchange loss due to the crisis 997 V069a 998 V069b C. COLLATERAL AND GUARANTEES 0. Are your financial statements audited by an independent accounting firm? V060. Do you typically need audited statements to apply for and receive bank loan? V06. Do you typically have to provide collateral to receive bank loans with maturities V06a V06b V06c a. Less than 6 months b. 6 months to months c. months or more. If yes, in questions a to c, what is the most common form of collateral you provide? Type of collateral Used % of total collateral a. Land and building V06a V06a b. Machinery and equipment V06b V06b c. Stocks V06c V06c d. Others, specify...v06d. V06d. Do you have guarantee in your financing? V06

15 . If you, source of guarantees from Guarantees from Ye s Guarantees % of financing a. Others bank V06a V06a b. Affiliated firms V06b V06b c. Finance companies V06c V06c d. Government V06d V06d e. Stockholders V06e V06e f. Others, specify...v06f V06f VII. STATEMENT Name of factory: Address: Name of firm: Address: Name of Respondent: Position: Telephone: Fax: Signature of respondent: Date of interview/completion: Name of enumerator: Address of office: Telephone: Fax:

16 Date of interview / retrieval of questionnaire Signature: tes