Rekayasa Tambang Indonesia
Company Summary
RTI is a subsidiary company of MINER DELTA. Services provided include: geological interpretation and modeling, mine design, mining optimization, mine scheduling, and dump design and rehabilitation.
RTI develops compliance analysis and modeling (including simulation), engineering and design, and productivity improvement systems for every sphere of activity in the mining industry. These systems are designed to be user-friendly, accurate, and portable among computer platforms.
MINER DELTA’s management demands a good financial performance from RTI. As a subsidiary company of MINER DELTA, RTI sets the following objectives for the products and services lines of geological interpretation and modeling, mine design, mining optimization, mine scheduling, and dump design and rehabilitation:
- Expand customer awareness over the planning period.
- Reduce competition, reduce risks, and lower price level by teaming-up with technology providers (hardware manufacturers and platform developers), partnering with reputable local and regional mining contractors, and equipment suppliers.
2.1 Company Ownership
RTI was incorporated in Jakarta as an Indonesian “Perseroan Terbatas” (PT) corporation on August 4, 2000, under the Foreign Investment Laws of the Republic of Indonesia, with an authorized 1 million shares of common stock.
The company is owned in majority by MINER DELTA. There is one minority owner, an investor from Jakarta, Indonesia.
2.2 Start-up Summary
Total start-up expenses include legal costs, logo design, stationery, as well as start-up assets required, and cash to handle the first few months of consulting operations as sales and account receivable play through the cash flow. The details are included in the following chart and table.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $5,500 |
| Stationery etc. | $3,000 |
| Brochures | $5,000 |
| Consultants | $48,000 |
| Insurance | $1,588 |
| Rent | $3,000 |
| Expensed equipment | $3,000 |
| Total Start-up Expenses | $69,088 |
| Start-up Assets | |
| Cash Required | $100,000 |
| Other Current Assets | $31,588 |
| Long-term Assets | $0 |
| Total Assets | $131,588 |
| Total Requirements | $200,675 |
| Start-up Funding | |
| Start-up Expenses to Fund | $69,088 |
| Start-up Assets to Fund | $131,588 |
| Total Funding Required | $200,675 |
| Assets | |
| Non-cash Assets from Start-up | $31,588 |
| Cash Requirements from Start-up | $100,000 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $100,000 |
| Total Assets | $131,588 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $0 |
| Accounts Payable (Outstanding Bills) | $5,000 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $5,000 |
| Capital | |
| Planned Investment | |
| Investor 1 | $70,000 |
| Investor 2 | $100,000 |
| Other | $25,675 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $195,675 |
| Loss at Start-up (Start-up Expenses) | ($69,088) |
| Total Capital | $126,588 |
| Total Capital and Liabilities | $131,588 |
| Total Funding | $200,675 |
2.3 Company Locations and Facilities
The initial office will be established in the Kebayoran Baru area of South Jakarta, Indonesia, the heart of the Indonesian business area.
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