PT Sinar Mas Multifinance (Simas Finance) is a company engaged in leasing, factoring and consumer financing business services. The company was established in 1985 under the name PT Sinar Supra Leasing Company, then changed its name to PT Sinar Supra Finance Co. and finally chose the new name used until now. In 1995, all of the company's shares were purchased by PT Sinar Mas Multiartha Tbk, an investment company under the Sinar Mas Group. In February 1995, PT Sinar Mas Multiartha Tbk purchased all the shares of PT Sinar Supra Finance and changed the name of the purchased company to PT Sinar Mas Multifinance in early 1996. In June 1996, in accordance with the guidelines of the Ministry of Finance of the Republic of Indonesia, all financing assets were transferred from PT Sinar Mas Multiartha TBK to Simas Finance. In accordance with the financial report of Public Accountant Hanadi Sujendro, this transfer included assets amounting to Rp.521 billion.