MARIMUTU SINIVASAN

Marimutu Sinivasan was born in Medan,North Sumatra, December 17, 1937. InThat town this Indian Tamil descent mantake basic education touniversity. However, it was not long sitUniversitas Islam Sumatra collegeNorth, because the trigger work on aplantation companies. No longer there, then he plunged intobusiness world. "I do not get along so employees," he said.Grandfather of six grandchildren come into the textile business in 1958. Two yearsthen he moved to Jakarta. In 1962 he opened a factorypolekat making - fabric gloves - the first in Jakarta.Then in 1967 he founded the company could batik andThe next open penyelupan factory. In 1972, Sinivasanbuy batik factory in Batu, East Java.In 1977 he built a polyester factory in Semarang, the nextin 1985-1986 he built another polymer plant. YearNext, he built a garment factory in Ungaran - presentmanaged by his brother, Marimutu Manimaren. Texmaco factory Regionsan area of ​​1000 hectares in Subang, West Java, complete withmachine polytechnic school, was inaugurated by the minister of industrytime, Ir. Hartarto. In Serang also the heavy equipment and engine manufacturer Texmaco centered.One of its products, truck Perkasa, ordered 800 units by the TNI. InKarawang, east of Jakarta, Texmaco also buildtextile mill complex of 250-hectare area. Textile products,Symphony and Texana brand, well known, in addition to the needin many countries also ordered some famous companies,like Mark & ​​Spencer of Britain or Tomy Helfinger ofUnited States.Sinivasan indeed was one of the national employers'very successful. Fans of this reading is still occupiedrented house in Jalan Pasuruan 4 Menteng, Central Jakarta.Two-storey house is inhabited with his wife. Whileit, his own house in Jalan Tulungagung, not far from homerented, not occupied. It is unclear what the reason. In the garagethe rather large house, the Mercedes Benz parked three types300 E and a series BWM 740 iL. Sinivasan prefer ridingVolvo 960 black B1142NO number than four other carsit.There are interesting habit of daily Sinivasan: she must sleepminimum of six hours a day. "If lack of sleep, my concentrationdecline, "he said. Apparently, the habit is" innate "sinceadolescents. Even more awesome once again. The man who now leads30's, this company used to sleep up to eight hours a day. After all, henever lacked time to complete its work."The key is to take advantage of office hours as possible," he said. At 7.30, he was engrossed in the work space and a new homeafter a late night.Various negative predicate has been given to him. Call itblack entrepreneurs, businessmen crazy, fixer, criminal, founderfactory junk, and so forth. But, Marimutu Sinivasan, CEOTexmaco Group appears to still be strong. He was not too botheredon the various assessments that. Because he felt what he createdis for the sake of nation and state. Sinivasan berobsesibuilding engineering industry for the betterment of the nation and state.Employers who do not have time to play golf and tennis is sure, atime, the engineering business he built will be a mainstay.Engineering industry, particularly the automotive on the ground IIR is the killing fields.When Indonesia wants to build a national auto industryalways slaughtered. Like the sedan that had Eastlower the price of the car, but were slaughtered left and right. Although fieldmassacres, not receding Sinivasan. If Japan and South Korea couldindependently in the field of capital goods and automotive industries, Indonesiaalso can. Indonesia does not need to be inferior. "Bung Karno said, we are nottempe nation, and I want to realize the truth of the viewsit, "said the father of six children who started the business from scratch since 39silam.Tanpa year straightforwardly, employers who maintain their appearanceenergetic response to various assessments that bad to him.Texmaco debt, amounting to Rp 16.5 trillion, the first aroundRp 7 trillion. Because the loans obtained in a dollar on the exchange rate of Rp 2400 per U.S. dollar. At that time, the dollar lending rate of approximately 11percent, while the rupiah about 22 percent.When the economic crisis, most loan dollars exchanged onexchange rate of Rp 10,000 and Rp 12,000 by bank creditors. Withweakening of the rupiah, the debt swelled Texmacoto Rp 16.5 trillion. Credit is a term of 7-8 years. But,consultant, appointed by IBRA, judging that this credit canpaid back in 11 years. Reference restructuringis the company's cash flow. All assets have Texmacotransferred to IBRA.Marimutu wondered why there is a claim to the observereconomic too negative view toward Texmaco. But headmired senior economist Sumitro Djojohadikusum,Mohammad Sadli, Frans Seda, and Emil Salim. Because of commentthem on a net economic problems of elementinterests. The closeness with President Suharto and President BJ Habibie. Evencould win sympathy Gus Dur and Megawati. Marimutu not feelno special treatment from the leaders. "If I were given the rightmonopoly, ease of getting funding, exemption from processlaw, and so on, was just named special treatment, "he said. But, please carefully, where there is a monopoly of the textile business?Once entering the engineering business, is asking the right Texmacomonopoly? "We entered the business with full awarenessface of competition and free markets, "he said. Aboutcloseness to Suharto? Is Texmaco get a monopoly for 32 years as a number of companies ownedparticular conglomerate?"I get a mortgage through the normal procedure. There is no elementCCN in the process of getting credit. After all, other than the BankDomestically, Texmaco get loans of about 1.3 billion U.S. dollarsfrom foreign financial institutions. Loans from financial institutionsthat foreigners could not be obtained by corruption, but based onpure business considerations, "he said.Before the crisis, 1997, already a customer Texmaco BNImore than 30 years. During that period, never happeneddefault interest or installment payments. Even Texmacopay back 500 million U.S. dollars credit to the BNI andBRI. After the return of the money, Texmaco enteringfield of engineering by asking 1 billion U.S. dollars credit forengineering from BNI, BRI and several other banks in aconsortium. The application was approved because the track-record Texmacojudged worthy and deserve credit.Texmaco only get rescheduled. That's reasonable, becausein accordance with the scale and results Texmaco party due diligencethird. After all, before the crisis, Texmaco get grace periodabout two years and repayment of 5-6 years.In addition, the government now controls 70 percent Texmaco (NewCo).IBRA already explained, the share ownership of 70-30 percentin NewCo in intended to give voting rights togovernment in securing the assets of Texmaco. By controlling the majority, then there is no asset sales that TexmacoIBRA outside approval.Texmaco debt restructuring patterns more accurately described reschedulingor rescheduling. Not the debt to equity swap. And it's veryreasonable, considering the economic crisis is so deep - that betweencaused by government policies - doublingamount of debt. With the rescheduling, the debt still owed, andto pay off that debt issued Exchangeable bonds.Kwik Kian Gie has served as Coordinating Minister for economic affairs has pointedwith the word black entrepreneurs. Marimutu responded coldly.According to him, said that more black businessmen racial connotation. "Whatbecause my skin is black, the sort of black entrepreneurs? Theyoften called me a businessman of Indian descent. In fact, Ialready the third generation in Indonesia and really feelas an Indonesian. mode no longer we talk about racial intolerance.Black entrepreneurs in the moral sense, I do not understand. Because wecan not easily assess the moral one, let alone onlybased on the issue, "he said.Texmaco valued expert in the lobby so it is always survive ineach regime, from the regime of Soeharto, Habibie, Gus Dur toMegawati."If we are good at lobbying, then there would be no press ngerjainTexmaco. I will lobby the press tycoon, Jakob Oetama, andthe heads of leading mass media in this country, "said Sinivasan.He also reminded the words Goobels, minister of information and propaganda during Hitler. Goobels say, lierolled continuously, one day, would be perceived astruth. So is lying about Texmaco news.Plant engineering Texmaco practically junk. Steering and brakesMighty truck rumored poor quality. They do not understand orpretended not to understand that the trucks use air brake Perkasaor water stirnya brakes and power steering has been used, andall use the license from the German and English. Mighty Truckshave entered the category of the Euro I emission seen from the gas, and thenext year to Euro II. Many trucks and vehicles inIndonesia is still not yet entered the Euro I in terms of pollution."They called me a fixer. There is also good newssaid Rizal Ramli, was a consultant and Taufik Kiemas Texmacohad become commissioner Texmaco. A number of continuous mediablow the issue of black entrepreneurs. In fact, a news magazineweekly in its opinion stated, Sinivasan is criminal.There should be a poster 'wanted' complete with a photo spreadthroughout the country.Expressed my opinion that the media did not cooperate. In fact, neverone single time I refused to call AGO. And I also did notask for forgiveness of debt. Debt is not a sin, and ourwilling to pay all the debt. It's all a trial by thepress which is done by systematically by the presscollaborate with certain interest groupsTexmaco wants destroyed. Since young, I was very impressed with the thinking of the foundingour father. Bung Karno attempt to arouse national prideby putting the view that "we are not a nation tempe". Bung Hatta emphasized the importance of efforts to improvepeople's economic capacity, among others, through the cooperative. MediumBung Sjahrir suggests the importance of industrialization, modernization,and mechanization began in the villages.I am trying to implement the ideas of the founding father withdevelop intellectual capital and building industryengeneering integrated. Currently, there are about 3,000 scholarswork in Texmaco. Scholars were able to design, createmachines driven by computers that all productselectronics designed and built in Indonesia. They canmake 80 percent of the automotive industry machine, tractor, diesel, transmission,textile industry, steel industry equipment and so forth. All thatIndonesia's son worked. Probably only about 20 percentcomponents that are imported.How much intellectual assets that have been created Texmaco?They are capable of making textile machinery, machine tools standardworld, and engineering. Now they also began to make variousmachinery, automotive components, motorcycles, tractors, trucks, to carspassengers. These intangible assets or asset virtual invaluableprice.

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