ORIF manages to survive for a long time, Matsuoka said,

ORIF manages to survive for a long time, Matsuoka said,
because it can provide funds at a lower cost. The company has
gone through a long process to reach this achievement. At first,
the company, which was called PT Orient Bina Usaha Leasing
(OBUL), was a joint venture undertaking between Orient Leasing
Co. Ltd. (OLC) and PT Bina Usaha Indonesia. OBUL, the pioneer in
the leasing industry in Indonesia, has developed various leasing
products.

In 1982, it opened its first branch office in Surabaya and now
it has a total of 89 branch offices, spread in Bandung, Semarang,
Solo, Medan, Palembang, Central Jakarta, South Jakarta and North
Jakarta

In 1989 Orient Leasing Co.Ltd. changed its name into ORIX
Corporation while OBUL itself became PT ORIX Bina Usaha Leasing
(also OBUL in short). Three years later, after obtaining a
license to deal in the multi-financing business in November 1991
and increasing its capital to Rp 30 billion, OBUL became
ORIX Indonesia Finance (ORIF)

In August 1997, ORIF raised its equity to Rp 100 billion. With
a bigger capital, the company can develop its business in various
areas such as consumers financing, corporate financing and
operating lease aside from providing financial lease.

"Even in future, through the global network of ORIX
Corporation, we are determined to facilitate entrepreneurs' needs
for capital, particularly in other Asian countries," said Kenro
Seishima, director executive officer of ORIF.

What Kenro has said is not just a wish because ORIX Group, a
giant multi-national company now controlling a network of 202
consolidated companies and 74 affiliated companies in 24
countries, is now operating as a dynamic and coordinated unity in
an attempt to make ORIX a forefront company in providing
innovative services. ORIX, set up in 1964 and listed in the New
York Stock Exchange (NYSE) in 1998, is Japan's 12th company and
2nd financial institution listed in NYSE.

Generally, ORIF's business areas go into four divisions: (i)
financial lease; (ii) consumer financing; (iii) corporate
financing and (iv) operating lease.

Finance Lease, which is ORIF's main business, provides
financing in heavy-duty equipment, industrial machinery and
motorized vehicles. The company's consumer financing division
provides consumer financing for products like automobiles and
computers.

Meanwhile, the corporate financing division, which was
established in 1991, will fulfill the demand of large companies
for capital goods.

The operating lease division, which was set up in 1996,
provides leasing of vehicles and IT sets with various added
values for the clients. This division,for example, leases new
automobiles of famous makes from Europe, the United States and
Japan. During the leasing period, a client only has to pay for
gasoline, toll, parking fees and the cost of car wash. All costs
related to maintenance (damage and routine service), insurance,
towing, the renewal of the automobile police license plate,
substitute automobiles and 24-hour services in Indonesian,
English or Japanese will be borne by ORIF through its branch
offices in Java and Sumatera. When a contract terminates, the
client can renew the contract or return the automobile to ORIF.

Financing by obtaining a credit from a bank can raise various
kinds of problems, particularly in relation to the company's cash
flow. If a company makes use of a business leasing service, it
will avoid such problems as depreciation and inflation. More
importantly, a leasing system of this type will not trouble the
company's cash flow because the goods obtained on lease will not
be considered as assets in the company's accounting records.

"In short, a business leasing service will maximize a
company's profit," said Seishima.

Now employing around 300 people and securing total assets of
some Rp 1.8 trillion, ORIF, which enjoyed a before-tax profit of
Rp 117.3 billion as per March 2004, is Indonesia's largest
joint-venture leasing company today.

ORIF is optimistic that it will continue to show great
progress in the coming years. Its business plan for the next five
years is as follows:
- To raise its assets threefold to Rp 5 trillion
- To strengthen its corporate financing division by providing
various products that companies or employees of the companies
need
- To start with ship financing;
- To facilitate the capital needs of entrepreneurs,
particularly in Asian countries, through the global network of
ORIX Corporation

ORIF has made true of its commitment to increase its business
volume by raising its equity to Rp 420 billion in March 2005.