18
Diagram Pemegang Saham Utama dan Pengendali Perseroan Information on Majority and Controlling Shareholders
19
Profil Entitas Anak Perusahaan Company Subsidiaries Profile
21
Kronologi Pencatatan Saham Chronology of Share Listing
23
Nama dan Alamat Profesi Penunjang Pasar Modal Name and Address of Professional Firm
24
Analisa dan Pembahasan Manajemen Management Discussion and Analysis
30
Tata Kelola Perusahaan Corporate Governance
40
Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility
41
Surat Pernyataan Anggota Dewan Komisaris dan Direksi Board of Commissioners and Directors’ Statement
42
Laporan Keuangan Financial Statement
Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
01
Financial Highlights
Ikhtisar Data Keuangan Penting (dalam jutaan Rupiah, kecuali dinyatakan lain)
Laporan Laba Rugi Komprehensif Konsolidasian dan Laporan Posisi Keuangan Konsolidasian
Per 31 Desember/AS of Desember 31
(in million Rupiah, unless otherwise stated)
Consolidated Statement of Comprehensive Income and Consilidated Statement of Financial Position
2010
2011
2012
76.279
25.341
44.640
Revenue
(379)
(4.948)
(3.659)
Gross Profit (Loss)
Laba (Rugi) Bersih
(486.906)
(19.419)
36.546
Net Income (Loss)
Laba (Rugi) Komprehensif
(486.906)
(19.419)
36.542
Comprehensive Profit (Loss)
Laba (Rugi) yang dapat diatribusikan
(486.906)
(19.419)
36.546
Profit (loss) atributable to owner
Pendapatan Usaha Laba (Rugi) Kotor
of company and
kepada pemilik entitas induk dan
non-controlling interest
kepentingan non pengendali Laba (Rugi) Komprehensif yang dapat
(486.906)
36.542
(19.419)
Comprehensive Profit (loss)
diatribusikan kepada pemilik entitas
atributable to owner of company
induk dan kepentingan non pengendali
and non-controlling interest
Jumlah Rata-rata Tertimbang Saham
2.429
8.688
8.171
Total Weighted Average of
yang beredar
Outstanding shares
(dalam jumlah jutaan)
(in million)
Laba (Rugi) Bersih per Saham Dasar
(200)
4
(2)
Basic Profit (Loss) per Share (in full rupiah amount)
(dalam rupiah penuh) 744.581
740.753
Jumlah Aset
786.164
Jumlah Liabilitas
143.565
69.649
29.296
Jumlah Ekuitas
635.315
674.932
711.457
Total Assets Total Liabilities Total Shareholders' Equity Financial Ratios
Rasio - Rasio Keuangan Rasio Laba (Rugi) terhadap Jumlah Aset
-61,93%
-2,61%
4,93%
Income (Loss) to Assets Ratio
Rasio Laba (Rugi) terhadap Ekuitas
-76,64%
-2,88%
5,14%
Income (Loss) to Equity Ratio
-638,32%
-76,63%
81,86%
Income (Loss) to Sales Ratio
Rasio Lancar
34,66%
68,02%
229,98%
Rasio Liabilitas terhadap Ekuitas
22,60%
10,32%
4,12%
Debt to Equity Ratio
Rasio Liabilitas terhadap Aset
18,26%
9,35%
3,95%
Debt to Asset Ratio
Rasio Laba (Rugi) terhadap Pendapatan
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Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
Current Ratio
Jumlah Aset (Total Assets) 800.000
786.164
744.581
Pendapatan Usaha (Revenues) 740.753
200.000
76.279
25.341
44.640
2010
2011
2012
0
600.000
-200.000
400.000
-400.000
200.000
-600.000
0
2010
2011
2012 0
Jumlah Liabilitas (Total Liabilities) 800.000
Laba (Rugi) Komprehensif (Comprehensive Profit (Loss))
600.000
200.000 36.542
400.000 200.000
0 143.565
69.649
29.296
2010
2011
2012
0
-19.419 -200.000 -400.000 -600.000
Jumlah Ekuitas (Total Equity) 800.000
635.315
674.932
-486.906
0 2010
2011
2012
711.457 dalam jutaan Rupiah, kecuali dinyatakan lain (in million Rupiah, unless otherwise stated)
600.000 400.000 200.000 0 2010
2011
2012
Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
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Perseroan mencatat penjualan sebesar Rp 44,64 milyar pada tahun 2012 atau mengalami peningkatan sebesar 76,16 % dibandingkan tahun 2011 yang sebesar Rp 25,34 milyar. The Company recorded sales of Rp 44.64 billion in 2012 or an increase of 76.16 % compared to 2011 sales of Rp 25.34 billion.
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Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
Share Trading
Perdagangan Saham Masa ( Period )
Harga Tertinggi ( Highest Price )
Triwulan I / 1st Quarter Triwulan II / 2nd Quarter Triwulan III / 3rd Quarter Triwulan IV / 4th Quarter
Harga Terendah ( Lowest Price )
2011
2012
2011
2012
2011
2012
97
71
73
50
77
57
84
65
68
50
70
50
74
52
50
50
50
51
53
55
50
50
50
50
Masa ( Period )
Peredaran ( Volume )
Jumlah Saham Beredar ( Outstanding Shares ) 2012
2011 Triwulan I /
Harga Penutupan ( Closing Price )
Kapitalisasi Pasar ( Market Capitalization )
2012
2011
2011
2012
999.329.000
1.786.773.000
7.913.117.916 8.687.994.942
609.310.079.532
495.215.711.694
1.726.375.000
311.729.000
7.913.117.916 8.687.994.942
553.918.254.120
434.399.747.100
725,649,000
205.867.000
7.913.117.916 8.687.994.942
395.655.895.800
443.087.742.042
1.255.689.000
222.111.000
8.687.994.942 8.687.995.242
434.399.747.100
434.399.762.100
1st Quarter Triwulan II / 2nd Quarter Triwulan III / 3rd Quarter Triwulan IV / 4th Quarter
100
(dalam Rupiah, kecuali dinyatakan lain)
(in Rupiah, unless otherwise stated)
90 80 70 60 50 40 30 20 10 0
Mar ‘11
Apr ‘11
Mei ‘11
Jun ‘11
Jul ‘11
Agst Sept ‘11 ‘11
Okt ‘11
Nov ‘11
Des ‘11
Jan ‘12
Feb ‘12
Mar ‘12
Apr ‘12
Mei ‘12
Jun ‘12
Jul ‘12
Agst Sept ‘12 ‘12
Okt ‘12
Nov ‘12
Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
Des ‘12
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Board of Commissioners Report
Laporan Dewan Komisaris
James Johanes Komisaris Utama (President Commissioner)
Penilaian terhadap Kinerja Direksi Dewan Komisaris menilai bahwa Direksi dan manajemen Perseroan telah melakukan usaha yang terbaik dalam menjalankan kegiatan operasional perusahaan selama tahun 2012. Hal ini bisa dilihat dari Perseroan mencatat penjualan sebesar Rp 44,64 milyar atau mengalami peningkatan sebesar 76,16 % dibandingkan tahun 2011 yang sebesar Rp 25,34 milyar. Walaupun penjualan meningkat, Perseroan masih mengalami rugi kotor sebesar Rp 3,66 milyar pada tahun 2012. Dewan Komisaris menilai bahwa rugi kotor yang dialami Perseroan karena masalah di luar kendali Direksi Perseroan yaitu masalah eksternalitis dimana adanya penurunan harga jual produk Paper Machine 1 (“PM 1”) akibat adanya produk pesaing yang membanjiri pasar dalam negeri sebagai konsekwensi dari krisis Eropa dan issue dumping harga dari Jepang serta adanya produk percobaan ke pasar dengan harga murah.
Assessment on Board of Directors’ Performance Board of Commissioners considers that the Company’s Board of Directors and management have performed their best efforts to operate the Company during 2012. This can be viewed that the Company recorded sales of Rp 44.64 billion or an increase of 76.16 % compared to 2011 sales of Rp 25.34 billion. Despite sales increased, the Company suffered Gross Loss of Rp 3.66 billion in 2012. Board of Commissioners consider that the Gross Loss suffered by the Company due to non-controlling matters such as decrease in selling price of Paper Machine 1 (“PM 1”)’s product due to the competitors’ products overwhelming the domestic market as the effect of European economic crisis and price dumping issues in Japan as well as the supplies of the experimental products in the market at low price.
Langkah Direksi melakukan divestasi entitas anak yang telah dituntaskan di tahun 2012 adalah langkah tepat untuk membantu mengatasi masalah defisit arus kas operasi Perseroan.
The action of Board of Directors divesting the Company’s subsidiary completed in 2012 was an a p p r o p r i a t e a c t i o n t o r e m e d y t h e C o m p a n y ’s operational cashflow deficit problem.
Terkait dengan usaha pencarian pendanaan untuk penyelesaian proyek Paper Machine 2 (“ PM 2”), Dewan Komisaris menilai bahwa Direksi telah berupaya keras mencari pendanaan untuk penyelesian Proyek PM 2 walaupun pada tahun 2012 realisasi pendanaan untuk penyelesaian PM 2 belum terwujud. Dewan Komisaris mengharapkan Direksi agar dapat menuntaskan realisasi pendanaan untuk penyelesaian proyek PM 2 dapat terwujud di tahun 2013.
In relation to obtaining funding for the completion of Paper Machine 2 (“PM 2”) project, Board of Commissioners consider that Directors have tried hard to look for funding for completion of PM 2 Project although the results hasn’t been achieved in 2012. Board of Commissioners expects that the Directors will be able to obtain the funding realization for PM 2 project in 2013.
Pandangan atas Prospek Usaha yang disusun Direksi Dewan Komisaris telah melakukan penelaahan atas Rencana Kerja dan Anggaran Perseroan untuk tahun 2013. Dari penelaahan atas asumsi-asumsi yang
Overview on The Business Prospects Prepared by Board of Directors Board of Commissioners has reviewed on the Company’s Work Plans and Company Budget for 2013. From our review of the assumptions used and
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Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
dipakai dan dengan pertimbangan kondisi ekonomi dan persaingan yang ada, Dewan Komisaris menilai Rencana Kerja dan Anggaran Perseroan untuk tahun 2013 adalah wajar dan realistis. Namun, Dewan Komisaris menilai bahwa arus kas operasi Perseroan di tahun 2013 yang masih defisit harus dapat dikurangi dengan cara melakukan efisiensi pemakaian bahan baku dan biaya operasi. Strategi usaha mencari mitra strategis untuk penjualan produk PM 1 dan pengembangan PM 2 merupakan strategi yang tepat yang diharapkan dapat memperbaiki kinerja Perseroan di tahun 2013.
the economic conditions and the existing competitions, Board of Commissioners considers that the 2013 Work Plans and Company Budgets are reasonable and realistic. Board of Commissioners, however, expects that deficit in the Company’s operational cash flow in 2013 must be reduced by conducting the efficiency in raw materials usage and operational cost. Business strategies by finding strategic partners for sale of PM 1 products and the completion of PM 2 are appropriate strategies expected to be able to improve the Company’s performance in 2013.
Komite di bawah Dewan Komisaris Dalam tahun 2012, Perseroan hanya memiliki satu komite yang dibawah pengawasan Dewan Komisaris, yaitu Komite Audit. Dewan Komisaris telah memantau kinerja Komite Audit Perseroan dan meyakini bahwa pelaksanaan tugas dan tanggung jawab Komite Audit telah sesuai dengan apa yang digariskan dalam Piagam Komite Audit.
Committee Under Board of Commissioners In 2012, the Company has only one committee under the supervision of Board of Commissioners, namely Audit Committee. Board of Commissioners has monitored the performance of the Company’s Audit Committee and believes that the execution of Audit Committee’s duties and responsibilities was in accordance with the Audit Committee Charter.
Perubahan Komposisi Dewan Komisaris Pada awal tahun 2012 dalam Rapat Umum Pemegang Saham Luar Biasa pada tanggal 3 Januari 2012 diputuskan perubahan Komisaris Utama yang semula dijabat oleh Anton Hudyana digantikan oleh James Johanes dan diaktakan dengan akta Notaris Andalia SH MH No. 02 tertanggal 3 Januari 2012. Perubahan ini dilakukan untuk tercapainya pelaksanaan tugas-tugas pengawasan yang lebih efektif.
Board of Commissioners Composition Change In early 2012, in the Shareholders’ extraordinary meeting on January 3, 2012, it was decided that the change of President Commissioners from Anton Hudyana to James Johanes and was notarized by Notary deed No. 02 of Andalia SH MH dated January 3, 2012. The purpose of the change was to achieve the implementation of the supervisory duties more effective.
Atas nama Dewan Komisaris, kami menyampaikan terima kasih kepada pemegang saham atas kepercayaan yang telah diberikan selama ini. Kami juga menyampaikan terima kasih kepada Direksi dan manajemen, staf dan kar yawan Perseroan atas dedikasi dan kerja kerasnya dalam menjalankan kegiatan usaha Perseroan.
On behalf of Board of Commissioners, we would like to thank our shareholders for their trust given to us during this time. We also thank Board of Directors and management, the Company’s staffs and employees for their dedication and hard work in running the Company’s operations.
James Johanes Komisaris Utama/President Commissioner
Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
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Board of Directors Report
Laporan Direksi
Kinerja perusahaan mencakup kebijakan strategis, perbandingan hasil dan rencana, dan kendala-kendala yang dihadapi Pada tahun 2012, walaupun aktivitas produksi masih bertumpu pada operasional PM 1, Perseroan telah membukukan penjualan sebesar Rp 44,64 milyar atau mengalami peningkatan sebesar 76,16 % dibandingkan tahun 2011 yang sebesar Rp 25,34 milyar. Produksi kertas tahun 2012 sebesar 7.515 ton finish (“TF”) meningkat sebesar 14,5% dibandingkan tahun 2011 yang sebesar 6.561 TF. Namun, dibandingkan dengan target penjualannya, realisasi penjualan yang tercapai hanya sebesar 72,4 % karena Kapasitas produksi yang terpakai hanya sekitar 75 % akibat dari perbaikan mesin dan peralatan selama tahun 2012. Company Performance includes strategic policies, comparation between results and plans, and constraints faced In 2012, eventhough production activities still depend on PM 1 operation, the Company has recorded sales of Rp 44.64 billion or increase by 76.16% compared to 2011 sales of Rp 25.34 billion. Paper production in 2012 was 7,515 tons finish (“TF”) or increase of 14.5% compared to 2011 production of 6,561 TF. Nevertheless, if it was compared to the sales budget, the realization of sales was 72.4 % of the budget because the production capacity was used only 75 % due to machines and equipments repaired during 2012.
Perseroan masih mengalami rugi kotor sebesar Rp 3,66 milyar di tahun 2012 dan turun sebesar 26,07% dibandingkan tahun 2011 yang sebesar Rp 4,95 milyar karena Perseroan melakukan perubahan komposisi pemakaian bahan baku dan pada pertengahan Oktober 2012 sampai dengan Desember 2012 produksi kertas dilakukan dengan cara makloon, yang mana produksi sesuai “work order” dan pengadaan bahan baku utama dilakukan oleh pemberi order kerja.
The Company still suffered gross loss about Rp 3.66 billion in 2012 or decrease by 26.07% compared to 2011 gross loss of Rp 4.95 billion because the Company changed raw materials composition and in the middle of October 2012 to December 2012, the paper production was based on a toll manufacturing or makloon where the production based on “work order” and its main raw materials were supplied by the orderer.
Meskipun Perseroan membukukan peningkatan penjualan di tahun 2012 dibandingkan tahun 2011, Beban Pokok Usaha pada tahun 2012 sebesar Rp 48,30 milyar, meningkat 59,46% dari tahun 2011 yang sebesar Rp 30,29 milyar. Kenaikan ini karena adanya peningkatan beban bahan baku utama setelah Perseroan menjalankan produksi secara mandiri dari Januari 2012 sampai dengan pertengahan Oktober 2012.
Although the Company recorded sale improvement in 2012 compared to 2011, Cost of Good Sold in 2012 amounted to Rp 48.30 billion, increase by 59.46% from 2011 Cost of Good Sold of Rp 30.29 billion. This was due to increase in major raw materials expense after the Company run the production independently from January 2012 to mid-October 2012.
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Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
Gani Bustan Direktur Utama (President Director)
Arus kas Perseroan dari aktivitas operasi selama tahun 2012 masih defisit yaitu sebesar Rp 31,49 milyar. Defisit arus kas dari aktivitas operasi ini ditutupi dengan arus kas dari aktivitas investasi yang berasal dari pelepasan saham entitas anak.
The Company’s cash flow from the operational activities during 2012 was still deficit of Rp 31.49 billion. Cash flow deficits from the operational activities were covered by the cash flow from the investment activities originating from the selling of the subsidiary Company’s share.
Pada bulan Juli 2012, kerjasama PT Kertas Basuki Rachmat (“KBR”), anak perusahaan, dengan distributor tunggal telah berakhir. Karena kondisi penurunan harga dan permintaan atas produk dari KBR, maka para pihak memutuskan untuk mengakhiri kerjasama. Untuk mengantisipasi keadaan pasar tersebut, Perseroan mengambil kebijakan strategis yaitu penjualan dilakukan dengan sistem “work order” dimana pengadaan bahan baku utama dilakukan oleh pemberi order kerja.
In July 2012, cooperation between PT Kertas Basuki Rachmat (“KBR”), a subsidiary Company, and the sole distributor was ended due to the condition of lowering price and demand of the products of KBR, then both parties decided to terminate the cooperation. To anticipate the market condition, the Company choosed strategic policy, that is selling was through “work order” scheme in which main raw materials was supplied by the orderer.
Kendala-kendala yang dihadapai Perseroan antara lain biaya pemeliharaan dan perbaikan cukup tinggi
The constraints faced by the Company include high maintenance and repair costs because of the condition
Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
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karena kondisi PM 1 yang dibuat pada tahun 1964. Harga jual produk PM 1 terpengaruh dengan adanya krisis Eropa dan issue dumping harga dari Jepang, sehingga pasar ekspor berkurang dan produk membanjiri pasar dalam negeri. Kendala lain adalah adanya pabrik baru berskala besar yang mulai berproduksi dan menjual produk percobaannya ke pasar dengan harga murah.
of PM 1 made in 1964, PM 1 products selling price was affected by the European economic crises and price dumping issue from Japan, so that the export market reduced and the products over whelm the domestic market, Another constraint is the opening of great-scale new factories starts producing and selling their experimental products in the market at low price.
Selama tahun 2012, Perseroan belum dapat merealisasikan penyelesaian pembangunan Paper Machine 2 (“PM 2”) karena belum mendapatkan sumber pembiayaan untuk PM 2. Hal ini disebabkan adanya pembatasan kredit valas dari perbankan, terutama terhadap perusahaan yang baru akan memasuki pasar ekspor.
During 2012, the Company has not completed the construction of Paper Machine 2 (“PM 2”) due no funding obtained. This was because of the foreign exchange credit limitation from banks, mainly for a new company that started entering the export market.
Gambaran tentang Prospek Usaha Ditengah-tengah persaingan yang ketat untuk kertas HVS, Perseroan tetap optimis akan prospek usaha bidang kertas karena tingkat konsumsi kertas Indonesa masih rendah dibandingkan Negara-negara ASEAN lainnya dan juga karena perkiraan tingkat pertumbuhan ekonomi Indonesia cukup tinggi di tahun 2013 sekitar 6,3%. Perseroan akan tetap berusaha agar di tahun 2013 kinerja Perseroan akan lebih baik lagi dengan mencoba membuat diversifikasi produk yang dihasilkan dan mencari mitra strategis untuk penjualan produk PM 1. Namun, kinerja Perseroan di tahun 2013 diperkirakan tidak akan meningkat secara signifikan karena masih bertumpu pada operasional PM 1.
Description on The Business Prospects In the middle of the hard competition in HVS paper, the Company is still optimistic about the paper business prospect as the Indonesian paper consumption rate is still lower than the other South-East Asian countries and also based prediction that the Indonesian Economic growth will be high enough in 2013 about 6.3%. The Company will remain trying to make its performance in 2013 much better by diversification of the products and finding the strategic partners for selling PM 1 products. The Company’s performance in 2013, however, is predicted to improve insignificantly as it still depends on PM 1 operation.
Pada tahun 2013, Perseroan tetap melanjutkan proses pencarian dana ke perbankan atau mencari investor untuk menyelesaikan PM 2.
In 2013, the Company will continue to look for funding from the bank or by finding a strategic investor to finish PM 2.
Penerapan Tata Kelola Perusahaan Sebagai bagian dari Tata Kelola Perusahaan yang baik, Perseroan selalu mendukung tugas-tugas Audit Internal dan Komite Audit. Audit Internal secara rutin mendiskusikan hasil temuan-temuan audit kepada Komite Audit dan Direksi Perseroan. Pada tahun 2012 Perseroan belum membakukan kode etik dan budaya perusahaan termasuk sistem pelaporan pelanggaran (whistleblowing). Perseroan masih terus mengembangkan Tata Kelola Perusahaan yang baik. Kode etik, prosedur penetapan remunerasi Dewan Komisaris/Direksi, dan pengembangan sistem
Implementation of Company Governance As a part of a Good Corporate Governance, the Company always supports the undertaking of Internal Audit and Audit Committee jobs. Internal Auditor regularly discusses the audit findings to the Audit Committee and Board of Directors. In 2012, the Company has not standardized code of ethics and Company culture including whistleblowing system. The Company still continues developing Good Corporate Governance. The code of ethics, procedure of Board of Commissioners/Directors remuneration and whistleblowing system are planned to be developed in
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Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
pelaporan pelanggaran (whistleblowing system) direncanakan akan dikembangkan di masa-masa yang akan datang.
the future.
Pada tahun 2012, tidak ada perubahan komposisi Direksi Perseroan.
In 2012, there is no change in Board of Directors.
Kami menyampaikan terima kasih dan penghargaan kepada Dewan Komisaris dan seluruh karyawan atas kerja keras dan dedikasinya sehingga Perseroan dapat mencapai perbaikan dan peningkatan kinerja sebagaimana yang diharapkan di tahun 2012.
We convey our gratitude and appreciation to the Board of Commissioners and all employees for their dedications and hard works so that the Company will reach the improvement and performance improvement as expected in 2012.
Kami juga menyampaikan terima kasih dan penghargaan yang setinggi-tingginya kepada Pemegang Saham atas segala dukungan yang diberikan, sehingga Perusahaan dapat terus melakukan pengembangan di tahun 2012. Penghargaan juga kami sampaikan kepada para pelanggan, mitra usaha, mitra kerja, dan pemangku kepentingan lain atas kerja sama dan dukungan yang telah diberikan kepada Perseroan. Kami mengharapkan agar di masa mendatang dukungan, kepercayaan, kerjasama dan kerja keras tersebut dapat dilanjutkan agar semuanya menjadi lebih baik lagi.
We also convey our gratitude and high appreciation to the shareholders for all the supports given, so the Company can continue its improvements in 2012. We also convey our appreciation to our customers, business partners, and all other stakeholders for the cooperation and your support to the Company. We expect that in the future you will keep your support, confidence, cooperation, and hard work to get better and better.
Gani Bustan Direktur Utama/Presiden Director
Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
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Company Profile
Profil Perusahaan PT. Kertas Basuki Rachmat Indonesia Tbk Menara Rajawali Lantai 6 Jl. DR. Ide Anak Agung Gde Agung Lot # 5.1, Kawasan Mega Kuningan, Jakarta 12950 Telp. : +62-21 576 2612 (hunting) Fax. : +62-21 576 2619 Email :
[email protected] Website : www.kbri.co.id
Riwayat Singkat Perusahaan PT. Kertas Basuki Rachmat Indonesia Tbk (“Perseroan”) didirikan dengan nama PT Indhasana berkedudukan di Jakarta, sesuai dengan Akta Pendirian No. 21 tanggal 14 Februari 1978 yang dibuat di hadapan Notaris E. Sianipar SH, Notaris di Jakarta. Akta ini telah disahkan oleh Menteri Kehakiman Republik Indonesia dengan Surat Keputusan No. Y.A.5/231/24 tanggal 12 Oktober 1979 dan telah diumumkan dalam Berita Negara No. 51, Tambahan No. 834/1986 tanggal 27 Juni 1986. Pada tahun 2008, Perseroan telah menjadi perusahaan publik. Anggaran Dasar Perseroan telah mengalami beberapa kali perubahan, terakhir dengan Akta No. 9 tanggal 21 September 2011 dibuat dihadapan Notaris Andalia Farida, SH., MH, notaris di Jakarta antara lain mengenai perubahan susunan pengurus terakhir dan tempat kedudukan Perseroan serta penambahan modal tanpa HMETD.
Company Brief History PT. Kertas Basuki Rachmat Indonesia Tbk (“Company”) was established on the name PT Indhasana located in Jakarta according to Establishment Certificate No. 21 at the date February 14, 1978 made in front of the Public Notary E, Sianipar SH, Public Notary in Jakarta. The deed of establishment was approved by Minister of Justice Republic of Indonesia with Letter of Decision No. Y.A.5/231/24 on October 12, 1979 and has been notified in Indonesian Of ficial Gazette No.51 Supplement No. 834/1986 dated June 27, 1986. In 2008, the Company has become a publicly listed company. The Company’ article of association has been amended several times, and the last amendment was based on the notarial deed of Andalia Farida, SH. MH No. 9 dated 21 September 2011 regarding the change of Board of Directors composition, the Company’s domicile and the Company’s right issue or HMETD.
Maksud dan tujuan Perseroan ialah berusaha dalam bidang perdagangan, perindustrian dan jasa. Untuk mencapai maksud dan tujuan tersebut, Perseroan dapat melaksanakan kegiatan usaha sebagai berikut: a. Ekspor impor perdagangan kertas, karton dan peralatannnya. b. Industri kertas. c. Konsultan bidang bisnis, manajemen dan administrasi.
The Company’s scope of activities is engaged in trade, industry and services. In order to achieve this, the Company can undertake the businesses as follows: a. Export and import in paper, cartoon, and the equipments trade. b. Paper industry. c. Business, management and administration consultant.
Saat ini, Perseroan tidak mempunyai aktivitas usaha dan hanya mempunyai satu entitas anak yang beroperasi yaitu PT Kertas Basuki Rachmat, dengan produk kertas yang dihasilkan adalah kertas HVS dan CD.
Today, the Company does not have any business activities and has only one operating subsidiar y company, namely PT Kertas Basuki Rachmat which produces HVS and CD.
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Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
Struktur Organisasi Perseroan (Company Organizational Chart) Dewan Komisaris (Board of Commissioners) James Johanes Komisaris Utama/Komisaris Independen (President Commissioner/Independent Commissioner)
Ferdy Yustianto & Adam Ariaji Komisaris (Commissioner)
James Johanes Mursalman Ahadi Deden Hendrayana Komite Audit (Audit Commitee)
Gani Bustan Direktur Utama (President Director)
Budi Priyadi
Bassa Suseno
Aswaldi Sofyan
Sekretaris Perusahaan (Corporate Secretary)
Pengawas Bisnis (Business Controller)
Kepala Audit Internal (Internal Audit Head)
T. Ito Prawira J
A. Kristijanto
Direktur Keuangan (Finance Director)
Direktur Operasi (Operation Director)
Dwi Setiawan
Dodiek Ariyanto
Harrysal Azwar
Manajer Keuangan & Akuntansi (Finance & Accounting Manager)
Manajer Umum (General Affair Manager)
Manajer Pabrik (Mill Manager)
Visi dan Misi
Vision and Mission
Visi Menjadi produsen kertas paling efisien dari segi biaya di Indonesia, beroperasi secara berkesinambungan dan ramah lingkungan, guna menghasilkan kertas berkualitas tinggi yang menawarkan nilai tambah bagi konsumen.
Vision Becoming the most cost efficient Indonesian paper producer, operating continuously with environment friendly, and to produce high quality paper by offering value added to constumers.
Misi Menghasilkan kertas berkualitas tinggi serta menyediakan solusi yang efisien bagi para konsumen dan berperan ser ta untuk menjaga kelestarian lingkungan.
Mission To produce high quality papers, provide efficient solution to the consumers and participate in conserving environment.
Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
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Company Management
Pengurus Perseroan DEWAN KOMISARIS
BOARD OF COMMISSIONERS
James Johanes Komisaris Utama dan Komisaris Independen
James Johanes President Commissioner and Independent Commissioner He obtained Master of Business Administration degree from West Coast University, California. In December 2010 - August 2011 he was appointed as Commissioner of PT. Benakat Petroleum Energy Tbk. Since December 2010 he is as President Director of PT. Samudra Multi Lines. He has been appointed as President Commissioner and Independent Commissioner of PT. Kertas Basuki Rachmat Indonesia Tbk in the Extraordinary of Shareholders’ Meeting on January 3, 2012 and notarized on the notarial deed of Andalia Farida SH.MH No. 02 dated Januari 3, 2012.
Meraih gelar Master of Business Administration di West Coast University , California. Pada Desember 2010Agustus 2011 dipercaya sebagai Komisaris di PT. Benakat Petroleum Energy Tbk. Sejak Desember 2010 menjabat sebagai Direktur Utama PT. Samudra Multi Lines. Penunjukan Beliau sebagai Komisaris Utama dan Komisaris Independen PT. Kertas Basuki Rachmat Indonesia Tbk dilakukan melalui Rapat Umum Pemegang Saham Luar Biasa pada tanggal 3 Januari 2012 dan diaktakan dengan Akta Notaris Andalia Farida S.H.,M.H Nomor 02 tanggal 3 Januari 2012.
Ferdy Yustianto Komisaris Meraih Sarjana Tehnik Industri dari Universitas Trisakti dan meraih gelar Master of Business Administration dari California State University, Fullerton. Memulai karirnya pada tahun 1999 sebagai Asisten Direktur Pengembangan di Mich Development, Pasadena, California dan tahun 2000 di PT Bank Daichi Kangyo Indonesia sebagai Marketing Executive. Selama tahun 2002- 2008 menjabat sebagai Kepala Divisi Inspeksi PT. Geoservices Ltd. Tahun 2008- 2011 sebagai Direktur Keuangan PT. Benakat Barat Petroleum, kemudian dipercaya sebagai Komisaris hingga saat ini. Tahun 2009- 2011 menjabat posisi Direktur PT. Benakat Petroleum Energi Tbk, kemudian sebagai Komisaris hingga saat ini. Melalui Rapat Umum Pemegang Saham Luar Biasa pada 21 September 2011 dan diaktakan dengan Akta Notaris Andalia Farida S.H.,M.H Nomor 09 tanggal 21 September 2011, Beliau dipercaya sebagai Komisaris di PT. Ker tas Basuki Rachmat Indonesia Tbk. Saat ini menjabat juga sebagai Direktur Keuangan PT. Perdana Sawit Mas dan PT. Cakrawala Sejahtera Sejati.
Ferdy Yustianto Commissioner He obtained degree in Industrial Engineering (“Sarjana Teknik Industri”) from Trisakti University and obtained Master of Business Administration degree from California State University, Fullerton. He started his career in 1999 as Assistant Director for Development in Mich Development, Pasadena, California and in 2000 at PT Bank Daichi Kangyo Indonesia as Marketing Executive. During 2002- 2008 held position as Head of Inspection Division in PT. Geoservices Ltd. In 20082011 he held position as Finance Director in PT. Benakat Barat Petroleum, then appointed as Commissioner until today. During 2009- 2011 he was Director of PT. Benakat Petroleum Energi Tbk, then became Commissioner until today. In the Extraordinary of Shareholders’ Meeting on September 21, 2011 and notarized in the notarial deed of Andalia Farida SH.MH No. 09 dated September 21, 2011, he has been appointed as Commissioner in PT. Kertas Basuki Rachmat Indonesia Tbk. Today he also holds position as Finance Director in PT. Perdana Sawit Mas and PT. Cakrawala Sejahtera Sejati.
Adam Ariaji Komisaris Menempuh pendidikan di Thames Business College, Singapura pada tahun 2005. Pada tahun 2005-2007 menjadi Operational Personnel di PT. Sinar Pedoman Abadi. Pada tahun 2008 - sekarang dipercaya sebagai Komisaris di perusahaan yang sama. Juga
Adam Ariaji Commissioner Enrolled study in Thames Business College, Singapore in 2005. During 2005-2007 became Operational Staff in PT. Sinar Pedoman Abadi. In 2008 – today he has been appointed as Commissioner in the same Company. He also has held position as Operating
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Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
menjabat sebagai Manager Operasional di PT. Tridiantara Alvindo sejak tahun 2008 hingga saat ini dan sebagai Direktur di PT. Indhasana Energy sejak tahun 2009 hingga saat ini. Melalui Rapat Umum Pemegang Saham Tahunan pada 25 Juni 2010 dan diaktakan dengan Akta Notaris Sutjipto S.H.,MKn Nomor 195 tanggal 25 Juni 2010, Beliau ditunjuk sebagai Komisaris di PT. Kertas Basuki Rachmat Indonesia Tbk. Pada tanggal 31 Desember 2012, Beliau memiliki 100.239.250 saham Perseroan (1,15%).
Manager in PT, Tridiantara Alvindo since 2008 until today and as Director in PT, Indhasana Energy since 2009 until today. In the General of Shareholders’ Meeting on June 25, 2010 and notarized in the notarial deed of Andalia Farida SH.MH No. 195 dated 25 Juni 2010, he has been appointed as Commissioner in PT. Kertas Basuki Rachmat Indonesia Tbk. As of December 31, 2012, he holds 100.239.250 shares of the Company (1.15%).
DIREKSI
BOARD OF DIRECTORS
Gani Bustan Direktur Utama Memperoleh gelar Bachelor of Business Administration pada Desember 1990, dan pada Mei 1992 meraih gelar Master of Business Administration di The Wichita State University, Kansas. Memulai karir Mei 1993 April 1998 di PT. Bank International Indonesia, Tbk. Pada April 1998 - Januari 2000 di PT. Mega Bank, Tbk. Melanjutkan karir pada Januari 1999 - Mei 2003 di Siwani Kahuripan. Pada Oktober 2002 Mei 2003 dipercaya sebagai President Director di PT. Mutiara Sukses Sejati. Pada Juni 2003 - Juni 2005 menjabat di PT. Wiharta Karya Agung sebagai Head of Business Development. Pada Agustus 2005 - Mei 2007 berkarya sebagai Commisioner PT. Maxima Infrastructure. Berlanjut sebagai Commisioner PT. Truba Alam Manunggal, Tbk pada Oktober 2006 Mei 2007. Pernah menjabat Direktur PT. DH Energy dari Maret 2007 - April 2009. Tahun 2007 - 2011, menjabat sebagai Direktur PT Darma Henwa Tbk. Tahun 2011 - sekarang dipercaya sebagai Direktur PT Benakat Oil dan Direktur KSO Pertamina EP – Patina Group Ltd., dan Direktur Utama PT. Kertas Basuki Rachmat Indonesia Tbk melalui Rapat Umum Pemegang Saham Luar Biasa pada 21 September 2011 dan diaktakan dengan Akta Notaris Andalia Farida S.H.,M.H Nomor 09 tanggal 21 September 2011.
Gani Bustan President Director He obtained Bachelor of Business Administration degree in December 1990, and in May 1992 got Master of Business Administration degree from The Wichita State University, Kansas. Starting career in May 1993 - April 1998 in PT, Bank International Indonesia, Tbk. During April 1998 - January 2000 in PT. Mega Bank, Tbk. He continued his career in January 1999 - May 2003 in Siwani Kahuripan. During October 2002 - May 2003 he was as President Director of PT. Mutiara Sukses Sejati. During June 2003 - June 2005 he held position of Head of Business Development in PT. Wiharta Karya Agung. During August 2005 - May 2007 worked as Commissioner in PT. Maxima Infrastructure. Continued as Commisioner in PT. Truba Alam Manunggal, Tbk in October 2006 - May 2007. He was Director in PT. DH Energy from Maret 2007 to April 2009. In 2007 2011, he held position as Director in PT Darma Henwa Tbk. From 2011 - present he hold position as Director in PT Benakat Oil and Director in KSO Pertamina EP Patina Group Ltd., and he has been appointed as President Director of PT. Ker tas Basuki Rachmat Indonesia Tbk in the Extraordinary of Shareholders’ Meeting on September 21, 2011 and notarized in the notarial deed of Andalia Farida SH. MH. No. 09 dated September 21, 2011.
Theodorus Ito Prawira Jatty Direktur Keuangan Sarjana Akuntasi dari Fakultas Ekonomi Universitas Tarumanegara. Mulai bekerja pada tahun 1986 di bidang keuangan dan akuntansi, kemudian pada tahun 1989 meniti karir di PT. Indonesia Prima Property
Theodorus Ito Prawira Jatty Finance Director He obtained degree in Accountancy (“Sarjana Akuntansi”) from the Faculty of Economics, Tarumanegara University. He started working in 1986 in the field of finance and accounting. In 1989 he
Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
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Tbk (d/h PT. Ometraco Realty Tbk) s/d tahun 1999. Periode tahun 2000 - 2009 bekerja di PT. Jababeka Tbk dengan jabatan terakhir GM Div. Finance & Accounting dan sebelum menjadi Direktur melalui mekanisme Rapat Umum Pemegang Saham Luar Biasa tanggal 29 Maret 2011 dan diaktakan dengan Akta Notaris Sutjipto S.H.,MKn Nomor 208 tanggal 29 Maret 2011di PT Kertas Basuki Rachmat Indonesia Tbk, Beliau menjabat sebagai Chief Financial Officer di PT. Bela Group. Sejak Desember 2012, Beliau ditunjuk sebagai Komisaris Independen untuk PT. Benakat Petroleum Energi Tbk.
started career in PT. Indonesia Prima Property Tbk (formely PT. Ometraco Realty Tbk) until 1999. In 2000 - 2009 period, he worked in PT, Jababeka Tbk with the last position as GM of Finance & Accounting Division. Before he has been appointed as Director of PT Kertas Basuki Rachmat Indonesia Tbk based on the Extraordinary of Shareholders’ Meeting on March 29, 2011 and notarized in the notarial deed of Sutjipto SH. MKn. No. 208 dated March 29, 2011, he was as Chief Financial Officer di PT. Bela Group. Since December 2012, he has been appointed as Independent Commissioner of PT. Benakat Petroleum Energi Tbk.
Antonius Kristijanto Direktur Operasi Berlatar belakang pendidikan Mechanical Engineering. Karirnya diawali tahun 1969 -1972 sebagai Mechanical Engineering di salah satu perusahaan sawit dan tahun 1971 - 1974 di Nestle Swiss Company. Berkarya sejak tahun 1974 - 2005 di Surabaya Agung Industry Pulp & Paper dengan jabatan terakhir sebagai Direktur. Tahun 2005 - 2006 menjabat General Manager di PT. Mangium Anugerah Lestari (United Fiber System Singapore) dan di tahun 2007 - 2009 sebagai President Director. Pada tahun 2009 - 2011 menjabat Operations Director PT. Star Paper Supply. Sejak ditetapkan dalam Rapat Umum Pemegang Saham Luar Biasa tanggal 29 Maret 2011 dan diaktakan dengan Akta Notaris Sutjipto S.H.,MKn Nomor 208 tanggal 29 Maret 2011, Beliau menjabat Direktur Operasional PT. Kertas Basuki Rachmat Indonesia Tbk.
Antonius Kristijanto Operation Director Has Mechanical Engineering academic background. His career was started in 1969 - 1972 as Mechanical Engineering in a palm Company and in 1971 - 1974 in Nestle Swiss Company. He has worked in 1974 2005 in Surabaya Agung Industry Pulp & Paper with the last position as Director. In 2005 - 2006 he held General Manager of PT. Mangium Anugerah Lestari (United Fiber System Singapore) and in 2007 - 2009 as President Director. In 2009 - 2011 he was as Operation Director of PT. Star Paper Supply. He has been appointed as Operation Director of PT. Kertas Basuki Rachmat Indonesia Tbk in the Extraordinary of Shareholders’ Meeting on March 29, 2011 and notarized in the notarial deed of Sutjipto SH. MKn. No. 208 dated March 29, 2011.
Pelatihan Direksi Selama tahun 2012, anggota Dewan Komisaris dan Direksi tidak mengikuti suatu pelatihan khusus untuk manajemen. Pengembangan diri anggota Dewan Komisaris dan Direksi diserahkan kepada anggota masing-masing.
Training for Board of Commissioners and Directors In 2012, members of Boards of Commissioners and Directors have not taken special training for Management. Personal development of members of Boards of Commissioners and Directors are up to each of them.
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Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
Employees Composition by Educational Degrees
Komposisi Karyawan menurut Jenjang Pendidikan Nama Perusahaan (Company Name)
Jumlah Karyawan (Number of Workers)
S2
S1
D3
SLTA
SLTP
SD
14
2
8
1
3
-
-
169
-
24
8
124
8
5
-
-
-
-
-
-
-
183
2
32
9
127
8
5
PT. Kertas Basuki Rachmat Indonesia Tbk PT. Kertas Basuki Rachmat PT. HTI Basuki Rachmat Total
Pelatihan untuk Karyawan Selama tahun 2012, Perseroan telah mengirim beberapa staf departemen akuntansi untuk mengikuti pelatihan konvergensi PSAK ke IFRS yang diselenggarakan oleh Ikatan Akuntan Indonesia. Untuk karyawan pabrik telah diberikan beberapa pelatihan internal antara lain pelatihan penyegaran untuk masalah proses produksi dan teknis perawatan dan lain-lain.
Training for Employees During 2012, the Company has sent some Accounting Division staff to enroll PSAK to IFRS convergence training held by Indonesian institute of accountants. For plant employees, we have conducted some internal training such as refreshment training of production process and maintenance technics training etc.
Shareholders Composition
Komposisi Pemegang Saham Rincian pemegang saham Perseroan dan kepemilikannya pada tanggal 31 Desember 2012 sebagai berikut: Pemegang Saham (Shareholders)
The Shareholders’composition and their ownership on December 31, 2012 are as follows: Jumlah Saham (Number of Shares)
Persentase (Percentage)
1.136.197.697
13,08%
Wyoming International Limited
990.005.000
11,40%
PT Wahyu Berkat Abadi
774.877.000
8,92 %
PT Danatama Makmur
765.500.000
8,81%
Riverton Group Holdings Limited
709.923.083
8,17 %
Ferry Sudjono
600.000.000
6,91 %
Adam Ariaji *)
100.239.250
1,15%
Masyarakat/Public (dibawah 5%)
3.611.253.212
41,57%
Jumlah / Total
8.687.995.242
100%
PT Danatama Perkasa
*) Pada tanggal 31 Desember 2012 menjabat sebagai Komisaris di Perseroan.
*) As of December 31, 2012 act as Commissioner in the Company.
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Information on Majority and Controlling Shareholders
Diagram Pemegang Saham Utama dan Pengendali Perseroan Konsorsium Keluarga Boediono dan Investor Lainnya (Consortium of Family Boediono and Other Investors)
Adam Ariaji
Yusuf Ardhi Boediono
Riverton Group Holdings Limited
Wyoming International Limited
1,15%
1,57% 1,15%
8,17%
11,40%
PT. KERTAS BASUKI RACHMAT INDONESIA TBK.
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Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
Company Subsidiaries Profile
Profil Entitas Anak Perusahaan Entitas Anak (Subsidiary)
: PT Kertas Basuki Rachmat
Entitas Anak (Subsidiary)
: PT HTI Basuki Rachmat
Alamat (Address)
: Jl. Jend. Basuki Rachmat, Banyuwangi 68414
Alamat (Address)
: Menara Rajawali Lantai 6, Jl. DR. Ide Anak Agung Gde Agung Lot 5.1, Kawasan Mega Kuningan, Jakarta 12950
Telepon (Phone)
: +62 - 333 421 025
Telepon (Phone)
: +021 - 576 2612 (hunting)
Faksimil (Facsimile)
: +62 - 333 422 532
Faksimil (Facsimile)
: +021 - 576 2619
Bidang Usaha (Field of Business)
: Pabrik Kertas (Paper manufactured)
Bidang Usaha (Field of Business)
: Tanaman Industri (Industrial Forest)
Tahun Operasional : 1971 Komersial (Commercial Operating Year)
Tahun Operasional : Belum Beroperasi (Not Operating) Komersial (Commercial Operating Year)
Presentase Kepemilikan (Percentage of Ownership)
Presentase Kepemilikan (Percentage of Ownership)
: 99.99%
: 100%
RIWAYAT SINGKAT ENTITAS ANAK PERUSAHAAN
SUBSIDIARY COMPANIES BRIEF HISTORY
PT Kertas Basuki Rachmat (“KBR”), Banyuwangi KBR didirikan dalam rangka Peraturan Pemerintah Republik Indonesia No. 58 tahun 1971 dengan bentuk Perusahaan Umum (Perum). Bentuk dan anggaran dasar Perusahaan telah mengalami beberapa kali perubahan, terakhir dengan akta notaris No. 77 tanggal 9 Mei 2011 dari Sutjipto, S.H yang telah memperoleh persetujuan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-33700.AH.01.02 Tahun 2011 tanggal 6 Juli 2011 antara lain mengenai peningkatan modal dari semula Rp 1.000.000.000.000 menjadi Rp 1.500.000.000.000.
PT Kertas Basuki Rachmat (“KBR”), Banyuwangi KBR was established based on the Indonesia Government Regulation No. 58 Year 1971 in the form of Public Company (Perum). The Articles of Association of KBR have been amended several times, and the last amendment was notarized in the notarial deeed of notary Sutjipto, SH No. 77 dated Mei 9, 2011 which was approved by Minister of Justice and Human Rights Republic of Indonesia No. AHU-33700.AH.01.02 Year 2011 dated July 6, 2011 concerning increase in authorized capital from Rp 1,000,000,000,000 to Rp 1,500,000,000,000.
Efektif sejak tanggal 29 Oktober 2008, berdasarkan surat persetujuan dari Badan Koordinasi Penanaman Modal No. 43/V/PMDN/2008 Perusahaan telah mengalami perubahan status dari perusahaan Penanaman Modal Asing ("PMA") menjadi perusahaan Penanaman Modal Dalam Negeri ("PMDN").
Effective since October 29, 2008, based on License issued by Investment Coordination Board No, 43/V/PMDN/2008, the Company changed its status from Foreign Direct Investment (“PMA”) Company into Domestic Investment (“PMDN”).
Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
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KBR memiliki pabrik berlokasi di jalan Jendral Basuki Rachmat, Banyuwangi, Jawa Timur, di areal tanah seluas 52 hektar, Saat ini Paper Machine 1 (“PM 1”) yang beroperasi menghasilkan produk "kertas budaya" atau kertas tulis/cetak yaitu HVS dan CD dengan menggunakan bahan baku kertas bekas (waste paper). Seluruh produk PM 1 diserap oleh pasar domestik. Kapasitas produksi PM 1 sebesar 10.000 ton per tahun.
KBR has a plant located on Jalan Jendral Basuki Rachmat, Banyuwangi, East Java, on land of 52 Ha. Currently, KBR’s PM 1 produces printing/writing paper such as HVS and CD by using waste paper as raw materials. All products of PM 1 are absorbed by domestic market. PM 1 production capacity is 10,000 tons per year.
Pada tahun 1994 dilakukan pengembangan dengan membangun Paper Machine 2 (PM 2) untuk memproduksi “uncoated wood free paper” dengan kapasitas 200.000 ton per tahun dengan menggunakan bahan baku pulp. Pada tahun 1998 Perseroan mengalami terpaan krisis ekonomi dan moneter yang berskala nasional maupun regional sehingga pekerjaan proyek PM 2 yang telah mencapai 80% - 90% terhenti. Penyelesaian PM 2 yang masih tersisa 10% - 20% sedang diusahakan pendanaannya.
In 1994 Paper Machine 2 (“PM 2”) project was built to produce “Uncoated Wood Free paper” with the capacity about 200,000 tons per year by using pulp as its raw material. In 1998 the Company suffered national-scale and regional-scale economic and monetary crisis. Consequently, the construction of PM 2 project was stopped at 80% - 90% completion. Funding of the remaining completion of 10%-20% is being sought.
Pabrik juga dilengkapi dengan fasilitas seperti instalasi pengolah air limbah (IPAL), sarana ibadah, sport center, dan juga perumahan untuk karyawan pabrik.
The plant is also equipped with several facilities such as waste water treatment plant (WWTP), religious facilities, a sports center, as well as housing for employees of the plant.
PT HTI Basuki Rachmat (“HBR”), Jakarta HBR didirikan berdasarkan Akta Notaris Wahyu Nurani SH di Jakarta No. 12 tanggal 5 Februari 2008 dan telah mendapat pengesahan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan Nomor AHU-10509.AH.01.01 Tahun 2008 tanggal 3 Maret 2008. Saat ini HBR belum beroperasi.
PT HTI Basuki Rachmat (“HBR”), Jakarta HBR was established based on the notarial deed of Wahyu Nurani SH in Jakarta No. 12 on February 5, 2008 and was approved by Minister of Justice and Human Rights Republic of Indonesia in his decree No. AHU-10509.AH.01.01 Year 2008 dated March ,3 2008. Currently, HBR has not operated yet.
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Chronology of Share Listing
Kronologi Pencatatan Saham Penawaran Umum Saham Perdana (Initial Public Offering/IPO) Pada tanggal 30 Juni 2008 Perseroan memperoleh pernyataan efektif dari Ketua Bapepam-LK dengan surat No. S-4213/BL/2008 untuk melakukan Penawaran Umum Perdana Saham Perseroan berupa Saham Biasa atas nama Seri B kepada masyarakat sebanyak 1.360.000.000 lembar saham dengan nilai nominal perlembar Rp. 100, atau mewakili 35.24% kepemilikan, dan ditawarkan ke publik dengan harga Rp. 260 per lembar.
Initial Public Offering (IPO)
Pada tanggal 4, 5 dan 7 Juli 2008 Perseroan telah melaksanakan penawaran umum perdana sahamnya dan tanggal 11 Juli 2008 berhasil mencatatkan sahamnya di Bursa Efek Indonesia dengan hasil sebesar Rp 353.600.000.000. Bagian terbesar dana dari hasil penawaran tersebut digunakan untuk pengambilalihan saham Goal Trading Asset Ltd. di KBR sebanyak 65,9% dan untuk Modal Kerja setelah dikurangi dengan biaya penawaran umum.
On July 4, 5 and 7, 2008, the Company conducted Initial public offering for its shares and on July 11, 2008 the Company listed its shares successfully in Indonesian Stock Exchange with the amount of Rp 353,600,000,000. The proceed was mainly used for the take over of 65.9% shares of Goal Trading Asset Ltd. in and for working capital after deducted by IPO cost.
Bersamaan dengan penawaran umum saham ini Perseroan menerbitkan Waran Seri I sebanyak 875.000.000 lembar dengan harga pelaksanaan sebesar Rp265 per lembar saham; dan dengan ketentuan bahwa setiap pemegang 272 saham baru basil penawaran umum melekat 175 Waran Seri I secara cuma-cuma; dan setiap pemegang satu Waran Seri I yang terdaftar dalam daftar pemegang Waran Seri I berhak untuk membeli saham baru dengan cara melakukan pelaksanaan pada hari bursa selama masa berlaku pelaksanaan. Periode pelaksanaan Waran seri I telah berakhir pada tanggal 8 Juli 2011. Per 31 Desember 2011 telah terjadi konversi Waran Seri I menjadi saham Perseroan sebanyak 28.796 lembar saham.
Along with the IPO, the Company issued Warrant Seri I of 875,000,000 at exercise price of Rp 265 per share; with the condition that each holder of 272 new shares received 175 Warrant Seri I for free; and each holder one of 1 Warrant Seri I registered in the list of Warrant Seri I holders was entitled to purchase new common share by exercising it during the stock exchange working days and effective period of warrant exercise. The exercise period of Warrant Seri I ended on July 8, 2011. As per December 31, 2011 there was conversion of Warrant Seri I into the Company common share of 28,796 shares.
Aksi Korporasi “Penggabungan Nilai Nominal Saham “ (Reverse Stock) Pada tanggal 19 Agustus 2010, Perusahaan melakukan penggabungan nilai nominal saham yaitu; 2 saham menjadi 1 saham dan 2 Waran Seri I menjadi 1 Waran Seri I, dengan mengubah nilai nominal saham Seri A dari Rp 200 menjadi Rp 400 dan saham Seri B dari Rp 100 menjadi Rp 200 serta harga pelaksanaan Waran Seri I (atas saham Seri B) dari Rp 265 menjadi Rp 530.
Reverse Stock
On June 30, 2008, the Company received the effective statement from the Chief Bapepam-LK in his letter No. S-4213/BL/2008 for the Initial Public Offering of its common share Seri B amounted to 1,360,000,000 shares with the nominal value of Rp, 100 per share, or represented 35.24% ownership and its offer price of Rp 260 per share.
On August 19, 2010, the Company made Reverse Stock of 2 shares into 1 share and 2 units Warant Seri I into 1 unit Warrant Seri I, by changing the nominal value of share Seri A from Rp 200 to Rp400 and nominal value of share Seri B from Rp100 into Rp200 as well as the exercise price of Warrant Seri I of share Seri B from Rp 265 to Rp 530.
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Penawaran Umum Terbatas I (PUT I) dengan HMETD Pada tanggal 20 Oktober 2010, Perseroan menyampaikan dokumen Pernyataan Pendaftaran dalam rangka Penawaran Umum Terbatas I (PUT I) kepada Para Pemegang Saham dalam rangka penerbitan Hak Memesan EfekTerlebih Dahulu (HMETD), kepada Ketua Bapepam-LK. Perseroan menawarkan sebanyak 5.983.089.146 saham seri C atau sebesar 75,61% dari modal ditempatkan dan disetor penuh dengan nilai nominal Rp. 100 per saham dan harga pelaksanaan Rp. 101 per saham.
Right Issue I (“PUT I”) with preemptive rights (“HMETD”) On October 20, 2010, the Company submitted the Registration document of PUT I with HMETD to the Chief of Bapepam-LK. The Company offered 5.983.089.146 share Seri C or equivalent to 75.61% of the issued capital with the nominal value of Rp. 100 per share and its execution price of Rp. 101 per share.
Setiap pelaksanaan 30 HMETD dalam rangka membeli 30 saham yang yang ditawarkan dalam PUT I memperoleh 1 Waran seri II secara cuma-cuma, dimana 1 Waran seri II dapat dipergunakan membeli 1 saham biasa seri C yang bernilai nominal Rp 100,setiap saham dengan harga pelaksanaan sebesar Rp 105 selama periode Pelaksanaan Waran yaitu mulai tanggal 6 Juni, 2011 sampai dengan 5 Desember, 2 0 1 3 . J u m l a h Wa r a n s e r i I I d i t e r b i t k a n sebanyak-banyaknya 199.436.305 waran. Per 31 Desember 2012 telah terjadi konversi Waran Seri II menjadi saham Perseroan sebanyak 300 lembar saham.
Each exercise of 30 HMETD in relation to purchasing 30 shares offered in PUT I will receive 1 Warrant Seri II for free, where 1 Warrant Seri II can be used to purchase 1 common stock Seri C with nominal value of Rp 100,- at the execution price of Rp 105 during Warrant Execution period starting from Juni 6, 2011 to December 5, 2013. The issued Warrant seri II totalled 199,436,305 Warrant. As per December 31, 2012 some Warrant Seri II was converted to 300 share.
Penambahan Modal tanpa HMETD
Additional Issued Capital without Preemptive Rights (“Non HMETD”) On September 21, 2011 the Company received approval from the Shareholders for the Company’s plan to issue additional common share without preemptive rights with nominal value of Rp 50, and its execution price of Rp 67 per share. The issued shares amounted to 774,877,000 common shares Seri D. After this additional issued capital without preemptive rights, the issued capital of the Company became 8,687,994,942 common shares.
Pada tanggal 21 September, 2011 telah diperoleh Persetujuan Pemegang Saham atas rencana PERSEROAN untuk menerbitkan saham tanpa MHETD dengan Nilai Nominal Saham seri D sebesar Rp 50 dan harga pelaksanaan Rp 67 per saham. Saham yang diterbitkan sebanyak 774.877.000 saham biasa seri D. Setelah pelaksanaan Penambahan Modal Tanpa HMETD, maka jumlah saham yang disetor pada Perseroan menjadi 8.687.994.942 saham biasa.
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Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
Name and Address of Professional Firm
Nama dan Alamat Profesi Penunjang Pasar Modal Akuntan Publik (Public Accountant)
:
Hananta Budianto & Rekan Jl. Wijaya 2-79, Kebayoran Baru Jakarta 12160 Tel. (021) 723 5656 Fax. (021) 724 5293
Biro Administrasi Efek : (Bureau of Shares Administration)
PT. Ficomindo Buana Registar Mayapada Tower 10th Floor Suite 02B Jl. Jenderal Sudirman Kav. 28 Jakarta 12920 Tel. (021) 521 2316-17 Fax. (021) 521 2320
Notaris (Notary)
Andalia Farida S.H., M.H. Gedung Jagat Lt. 1 Jl. R.P. Soeroso No. 42 A, Jakarta 10350 Tlp. 021-3912189; 3912192 Fax. 021-3912192
:
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Management Discussion and Analysis
Analisa dan Pembahasan Manajemen Produksi, Pendapatan, Beban, dan Profitabilitas Operasional Perseroan bertumpu pada aktifitas operasional segmen kertas di anak perusahaan, yaitu PT Kertas Basuki Rachmat (“KBR”). Sampai saat ini, mesin kertas yang sudah beroperasi adalah mesin kertas 1 (PM 1). Kapasitas terpasang PM 1 pada tahun 2012 masih sama seperti pada tahun 2011 yaitu 10.000 ton per tahun. Pada tahun 2012 tingkat kapasitas terpakai atau utilitas berada pada tingkatan 75%. Dalam proses produksinya, Perseroan mengubah komposisi pemakaian kertas bekas dan pulp untuk peningkatan kualitas yang lebih optimal dengan perbandingan sekitar 66% kertas bekas dan 34% pulp.
Production, Revenue, Expenses, and Profitability The Company’s operation still depends on paper segment operation in its subsidiary Company, PT Kertas Basuki Rachmat (“KBR”). Up to now, only paper machine 1 (“PM 1”) is operating. The installed capacity of PM 1 in 2012 was still similar to in 2011 i.e 10,000 tons per year. In 2012 the utilization of capacity rate was 75%. In its production process, the Company changed the composition of the waste paper and pulp usage to improve paper quality with the composisiton of 66% waste paper and 34% pulp.
Pendapatan usaha tahun 2012 sebesar Rp 44.64 milyar naik sebesar 76,16% dibandingkan tahun 2011 yang sebesar Rp 25,34 milyar. Pendapatan dari segmen ker tas pada tahun 2012 memberikan kontribusi sebesar 97.58% dari total pendapatan usaha, yaitu sebesar Rp 43,56 milyar, naik sebesar 71,89% dibandingkan tahun 2011 yang sebesar Rp 25,34 milyar. Peningkatan ini disebabkan karena pada tahun 2012 Perseroan lebih banyak berproduksi kertas secara mandiri dibandingkan tahun 2011. Sedangkan pendapatan dari segmen perdagangan pada tahun 2012 sebesar Rp 1,08 milyar yang merupakan pendapatan dari tahap masa pemeliharaan proyek pekerjaan EPC penggantian PLTG dan PLTD dengan satu unit PLTU kapasitas 14 MW di Kilang Unit Pengolahan II Dumai. Serah terima selesai proyek pekerjaan tersebut dilakukan pada bulan Maret 2012.
The operating revenue in 2012 was Rp 44.64 billion or increase of 76.16% compared to 2011revenue of Rp 25.34 billion. Revenue from paper segment in 2012 amounted to Rp 43.56 billion that contributed 97.58% of total operating revenue, or increase of 71.89% compared to 2011 revenue of Rp 25.34 billion. This increase was due to in 2012 the Company produced more paper independently than 2011. While revenue from non paper (trading) segment in 2012 was Rp 1.08 billion representing income from the maintenance phase of the EPC replacement project of Gas Power Plant and Diesel Power Plant with with capacity of 14 MW in Refinery Processing Unit II Dumai. Handover of the completed project work carried out in March 2012.
Beban Pokok Penjualan dan Beban Langsung pada tahun 2012 sebesar Rp 48,30 milyar, meningkat 59,46% dari tahun 2011 yang sebesar Rp 30,29 milyar. Kenaikan ini karena adanya peningkatan beban bahan baku utama setelah Perseroan menjalankan produksi secara mandiri dari Januari 2012 sampai dengan pertengahan Oktober 2012.
Cost of Goods Sold and Direct Expense in 2012 was Rp 48.30 billion, or increase of 59.46% than 201 Cost of Goods Sold and Direct Cost of Rp 30.29 billion. The increase due to the increase in main raw materials after the Company ran the production independently from January 2012 to mid-October 2012.
Rugi kotor di tahun 2012 terlihat sedikit membaik dengan adanya penurunan rugi kotor sebesar Rp 1,29 milyar di tahun 2012, turun sebesar 26,06% dibandingkan tahun 2011 yang sebesar Rp 4,95 milyar karena Perseroan melakukan perubahan dalam komposisi pemakaian bahan baku dan pada pertengahan Oktober 2012 sampai dengan Desember
Gross Loss in 2012 was slightly better where decrease in Gross Loss of Rp 1.29 billion in 2012, or 26.06% lower than 2011 Gross loss of Rp 4.95 billion. This is due to the change in composition of the raw materials usage. From mid-October 2012 to December 2012, the paper production was made in a toll manufacturing (“makloon”) based on work order where its main raw
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Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
2012 produksi kertas dilakukan dengan cara makloon, yang mana produksi sesuai “work order” dan pengadaan bahan baku utama dilakukan oleh pemberi order kerja.
materials was supplied by the orderer.
Beban Penjualan dan Pemasaran sedikit mengalami penurunan sebesar 35,02% dari Rp 388,90 juta di tahun 2011 menjadi Rp 252,70 juta di tahun 2012. Tidak banyak aktivitas pemasaran yang dilakukan Perseroan di tahun 2012 karena sebagian besar penjualan dilakukan melalui distributor tunggal. Sedangkan Beban Umum dan Administrasi mengalami kenaikan sebesar 8,07% dibandingkan tahun 2011 karena adanya kenaikan beban Gaji, upah dan tunjangan, manfaat karyawan, penyusutan, pajak, asuransi dan sewa dengan total sebesar 54,53% dari Rp 15,49 milyar di tahun 2011 menjadi Rp 23,93 milyar di tahun 2012.
Selling and Marketing Expense was a slightly decrease of 35.02% from Rp 388.90 million in 2011 to be Rp 252.70 million in 2012. There were not many marketing activities done by the Company in 2012 because most of sales were made through single distributor. Administration and General Expenses was increase of 8.07% compared to 2011 due to the increas of the Wage, Salar y, and Allowances Expenses, Employees benefits, Depreciation, Taxes, Insurances, and Rent totaled 54.53% from Rp 15.49 billion in 2011 into Rp 23.93 billion in 2012.
Perseroan membukukan Laba Komprehensif pada tahun 2 0 1 2 s e b e s a r R p 3 6 , 5 4 m i l y a r, n a i k s e b e s a r 288,17% dibandingkan tahun 2011 yang mengalami rugi sebesar Rp 19,42 milyar. Hal ini disebabkan karena pada tahun 2012, Perseroan membukukan Laba Penjualan entitas anak-bersih sebesar Rp 62,47 milyar.
The Company recorded Comprehensive Profit in 2012 of Rp 36.54 billion, increase of 288.17% compared to 2011 which suffered loss of Rp 19.42 billion. That was due to Gain on Disposal of Su subsidiar y Company of Rp 62.47 billion.
Aset dan Ekuitas Jumlah Aset Perseroan pada tanggal 31 Desember 2012 sebesar Rp 740,75 milyar, turun sebesar 0,51% dibandingkan tahun 2011 yang sebesar Rp 744,58 milyar. Penurunan jumlah Aset tersebut disebabkan adanya penurunan Aset Lancar Perseroan sebesar 6,20% dari sebesar Rp 37,91 milyar di tahun 2011 menjadi Rp 35,56 milyar di tahun 2012. Penurunan Aset Lancar ini disebabkan adanya penurunan Persediaan sebesar Rp 2,23 milyar dan Pajak dibayar dimuka sebesar Rp 5,21 milyar di tahun 2012. Aset Tidak Lancar Perseroan di tahun 2012 sebesar 705,20 milyar turun sebesar 0,21% dibandingkan tahun 2011 yang sebesar Rp 706,68 milyar disebabkan karena adanya penurunan Beban Ditangguhkan yaitu Beban Proyek Hutan Tanaman Industri yang diperhitungkan ke dalam laba rugi entitas anak yang dijual sebesar Rp 8,16 milyar. Ekuitas Perseroan pada tanggal 31 Desember 2012 adalah sebesar Rp 711,46 milyar atau naik sebesar 5,41% dibandingkan tahun 2011.
Assets and Equity The amount of the Company’s assets on December 31, 2012 was Rp 740.75 billion, or decrease of 0.51% compared to 2011 assets of Rp 744.58 billion. The decrease in assets was due to decrease in the Company’s Current Asset of 6.20% from Rp 37.91 billion in 2011 into Rp 35.56 billion in 2012. The decrease in the Current Asset was due to decrease in Inventories of Rp 2.23 billion and Prepaid Tax of Rp 5.21 billion in 2012. The Company’s fixed Assets in 2012 of 705.20 billion or decrease of 0.21% compared to 2011 fixed asset of Rp 706.68 billion because Deferred HTI Expenses of Rp 8.16 billion was expensed into Gain on disposals of subsidiary. The Company’s Equity was Rp 711.46 billion as of December 31, 2012 or increase of 5.41% than 2011.
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Liabilitas Jumlah total liabilitas Perseroan pada tanggal 31 Desember 2012 sebesar Rp 29,30 milyar atau turun sebesar 57,94% dari jumlah Liabilitas pada tanggal 31 Desember 2011 yang sebesar Rp 69,65 milyar. Penurunan jumlah Liabilitas di tahun 2012 disebabkan karena penurunan jumlah Liabilitas Jangka Pendek sebesar 72,26% dari sebesar Rp 55,73 milyar di akhir tahun 2011 menjadi Rp 15,46 milyar di akhir tahun 2012. Hal ini disebabkan karena oleh adanya pembayaran hutang usaha, penyelesaian biaya yang masih harus dibayar, memperhitungkan hutang lain-lain ke laba atas penjualan entitas anak perusahaan, menyelesaikan uang jaminan atas pesanan kertas.
Liabilities The Company’s total liabilities as of December 31, 2012 was Rp 29.30 billion or 57,94% lower than total Liabilities as of December 31, 2011 of Rp 69.65 billion. The decrease in the Liabilities in 2012 was due to decrease in the Short-Term Liabilities of 72.26% from t Rp 55.73 billion in 2011 to be Rp 15.46 billion in 2012. This was due to trade payables payment, settlement of Accrued Expense, settlement of Other Payable against Gain on Disposal of Subsidiary, Offset of Advance from Customers on paper sales.
Liabilitas Jangka Panjang Perseroan merupakan Kewajiban Estimasi atas Imbalan Kerja. Jumlah Liabilitas Jangka Panjang pada tanggal 31 Desember 2012 sebesar Rp 13,84 milyar atau turun sebesar 0,61% dari jumlah Liabilitas Jangka Panjang pada tanggal 31 Desember 2011 yang sebesar Rp 13,92 milyar karena disebabkan adanya penurunan jumlah karyawan Perseroan dari sebesar 191 karyawan di tahun 2011 menjadi 183 karyawan di tahun 2012 karena pensiun.
The Company’s Long Term Liability represented Estimated Liabilities on Employee Benefits. The long term Liabilities was Rp 13.84 billion as of December 31, 2012 or 0.61% lower last year balance of Rp 13.92 billion due to decrease in the Company’s employees from 191 employees in 2011 to 183 employees in 2012 due to retirement.
Arus Kas Saldo kas dan setara kas pada tahun 2012 adalah sebesar Rp 11,63 milyar, atau turun sebesar 37,82% dibandingkan saldo kas dan setara kas tahun 2011 yang sebesar Rp 18,71 milyar.
Cash Flow Cash and Cash Equivalents in 2012 was Rp 11.63 billion or 37.82% lower than 2011 Cash and Cash Equivalents of Rp 18.71 billion.
Arus kas bersih yang digunakan untuk aktivitas operasi menurun dari sebesar Rp 33,96 milyar di tahun 2011 menjadi Rp 31,49 milyar di tahun 2012, atau turun sebesar 7,26 % karena adanya peningkatan sumber penerimaan arus kas aktivitas operasi yang naik sebesar 41,60% sedangkan penggunaan arus kas aktivitas operasi hanya naik sebesar 17,73%.
The net cash flow for operational activities decreased from Rp 33.96 billion in 2011 to Rp 31.49 billion in 2012, or 7.26 % lower due to increase in cash flow received from operational activities which increased by 41.60% while cash flow spent for operational activities slightly increased by 17.73%.
Arus kas bersih diperoleh dari aktivitas investasi sebesar Rp 24,42 milyar di tahun 2012, atau menurun 59,39% dibandingkan tahun 2011 yang sebesar Rp 60,14 milyar. Arus kas bersih dari aktivitas investasi diperoleh dari pelepasan entitas anak sebesar Rp 43,92 milyar di tahun 2012. Untuk tahun 2011, arus kas dari aktivitas investasi sebagian berasal dari hasil penjualan aset tetap sebesar Rp 46,75 milyar dan sebagian lagi berasal dari uang jaminan pelepasan entitas anak sebesar Rp 27,80 milyar.
The net cash flow earned from the investment activities was Rp 24.42 billion in 2012, or 59.39% lower than 2011 which was Rp 60.14 billion. The net cash flow from the investment activities earned from disposal of subsidiary Company of Rp 43.92 billion in 2012. For 2011, the net cash flow from the investment activities was from the selling of fixed assets of Rp 46.75 billion and others from disposal of subsidiary Company of Rp 27.80 billion.
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Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
Arus kas bersih dari aktivitas pendanaan di tahun 2012 berasal dari pelaksanaan waran seri II sebesar Rp 31.500,-. Sedangkan arus kas bersih dari aktivitas pendanaan pada tahun 2011 digunakan sebagian besar untuk pembayaran pinjaman dan premi pinjaman jangka panjang sebesar Rp 34,63 milyar.
The net cash flow from the financing activities in 2012 was from the exercise of warrant Seri II of Rp 31,500,-. While the net cash flow from the financing activities in 2011 was used to repay the long-term loans and its premiums amounting to Rp 34.63 billion.
Kemampuan Membayar Kewajiban dan Kolektibilitas Piutang Ditinjau dari kemampuan kekayaan bersih (ekuitas bersih) Perseroan untuk membiayai seluruh kewajibannya baik kewajiban jangka pendek maupun jangka panjang mengalami perbaikan terlihat dari Debt to Equtiy ratio yang turun dari 10,32% di tahun 2011 menjadi 4,12% di tahun 2012. Hal tersebut disebabkan adanya penurunan pada liabilitas dan peningkatan ekuitas.
Ability to Pay Liabilities and Collectibility of Trade Receivable From the ability of the Company’s Net Equity to repay all liabilities either Long-Term or the Shor t Term Liabialities, it looked an improvement. It was viewed from Debt to Equtiy ratio which declined from 10.32% in 2011 to 4.12% in 2012. This was due to decrease in Liabilities and increase in Equity.
Saldo piutang usaha pada tahun 2012 sebesar 2,19 milyar adalah sebagian besar piutang usaha dari transaksi maklon dengan umur piutang lebih 30 hari sedangkan tahun 2011 adalah nihil.
Trade Receivables in 2012 was Rp 2.19 bilion mainly representing Trade Receivables arising from Toll Manufacturing transactions with the aging receivables of 30 days while in 2011 it was nil.
Struktur Permodalan Perseroan Berdasarkan akta Notaris Andalia Farida SH MH No. 09 tertanggal 21 September 2011 dan telah disahkan oleh Menteri Hukum dan HAM RI dengan Surat Keputusan Menteri Hukum dan HAM RI Nomor: AHU-52099.AH.01.02 Tahun 2011 tanggal 26 Oktober 2011, modal dasar Perseroan adalah sebesar Rp 2.000.000.000.000,atau 15.519.938.500 saham terdiri dari 1.250.000.000 saham Seri A, 1.117.500.000 saham Seri B, 12.377.561.500 Seri C, dan 774.877.000 Seri D.
Company Share Structure Based on the Notarial Deed of Andalia Farida SH MH No. 09 dated September 21, 2011 and approved by Miniter of Law Justice and Human Rights RI on his decree No. AHU-52099.AH.01.02 Year 2011 dated Oktober 26, 2011, the Company’s authorized capital was Rp 2,000,000,000,000,- or equivalent to 15,519,938,500 shares consisting of 1,250,000,000 Seri A; 1,117,500,000 Seri B, 12,377,561,500 Seri C; and 774,877,000 Seri D.
Pada tanggal 31 Desember 2012, jumlah modal yang ditempatkan dan disetor penuh adalah
On December 31, 2012, total capital allocated and fully paid in was 8,687,995,242 shares (2011:
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8.687.995.242 saham (2011: 8.687.994.942 saham) atau senilai Rp 1.273.058.553.800 (2011: Rp 1.273.058.523.800). Pada tanggal 31 Desember 2012, Perseroan masih mengalami defisit sebesar Rp 2.431.389.213.995,- (2011: Defisit Rp 2.467.965.030.705,-). Pada tahun 2012, belum ada pembayaran dividen, karena Perseroan masih mengalami defisit. Dalam hal kebijakan dividen, Perseroan akan membayar dividen, dalam bentuk tunai atau saham, atas laba bersih setelah pajak apabila Perseroan telah memperoleh laba bersih dan akumulasi laba ditahannya positif dan sesuai dengan peraturan perundang-undangan yang berlaku.
8,687,994,942 shares) or priced Rp 1,273,058,553,800 (2011: Rp 1,273,058,523,800). On December 31, 2012, the Company still suffered deficits about Rp 2,431,389,213,995,- (2011: Deficit Rp 2,467,965,030,705,-). In 2012, there was no dividend, as the Company still suffered deficit. For devidend policy, the Company will pay dividend either in cash or in shares, based on its Net Income AfterTax if the Company had earned net profit and positif retained earning in compliance of the prevailing regulations.
Peristiwa setelah tanggal Laporan Auditor Independen Tidak ada informasi dan fakta material yang terjadi setelah tanggal Laporan Auditor Independen.
Subsequent Event after the Date of Independent Auditor’s Report There were no any information and material facts after the date of Independent Auditor’s Report.
Pemasaran Pada tahun 2012, Perseroan menjual hasil produksinya lebih banyak melalui distribustor tunggal PT Glory Indonesia Abadi yang memasarkannya untuk daerah Jawa Timur. Kerjasama dengan PT Glor y Indonesia Abadi berakhir pada bulan Juli 2012, dan selanjutnya Perseroan melakukan penjualan bebas untuk hasil produksinya. Sejak pertengahan bulan Oktober 2012, Perseroan menjual produknya melalui CV Putra Tunggal berdasarkan order jasa pembuatan kertas (makloon).
Marketing In 2012, the Company mainly sold its products through single distributor, PT Glory Indonesia Abadi, which distributed it to East Java. Cooperation with PT Glory Indonesia Abadi ended in July 2012, and afterwards the Company soldI its products independently. Since mid-October 2012, the Company sold its products through CV Putra Tunggal based on a toll manufacturing order (“makloon”).
Prospek Usaha Dalam laporan Triwulanan Perkembangan Ekonomi Indonesia edisi bulan Desember 2012, Bank Dunia memproyeksikan pertumbuhan ekonomi Indonesia sebesar 6,1 persen untuk tahun 2012, sedikit meningkat di tahun 2013 menjadi 6,3%. Proyeksi ini mengasumsikan konsumsi domestik dan pertumbuhan investasi masih bertahan kuat, dengan membaiknya pertumbuhan mitra dagang utama Indonesia secara bertahap yang juga sedikit mendorong pemulihan ekspor. Tingkat inflasi yang dipertahankan pada tingkatan 4,8%.
Business Prospect In Indonesian Quarterly Economic Progress report in December 2012 edition, World Bank projected Indonesian economic growth about 6.1 percent for 2012, and slightly rise in 2013 at 6.3%. The projection assumed that domestic consumption and investment growth will still remain strongly, by the improvement of Indonesian main trade par tners gradually which slightly push export recovery. The inflation rate is maintained at 4.8%.
Konsumsi kertas Indonesia saat ini baru mencapai 30 kilogram (kg) per kapita per tahun, jauh dibawah rata-rata konsumsi ker tas negara ASEAN yang mencapai 55 kg per kapita per tahun. Dengan tingkat pertumbuhan ekonomi tersebut, diharapkan konsumsi kertas Indonesia juga meningkat di tahun 2013.
Indonesian paper consumption only reached 30 kilograms (kgs) per capita per year which is lower than average paper consumption in South East Asian countries which reached 55 kgs per capita per year. By the economic growth rate, it is expected that Indonesian paper consumption will increase in 2013.
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Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
Kebutuhan kertas diperkirakan akan tumbuh sekitar 4,2% walaupun saat ini produsen kertas di dalam negeri menghadapi ancaman dari produsen pulp dan kertas asal India dan China yang menargetkan pasar Indonesia sebagai negara tujuan ekspor karena pasar Eropa dan Amerika Serikat (AS) mulai menurun.
The need for paper is predicted to grow up to 4.2% although current domestic paper producers are facing tight competition from pulp and paper producers from India and China that will target Indonesian market as their export destination while European and American market tend to decrease.
Keunikan mesin kertas PM 1 yang menggunakan bahan baku waste paper memungkinkan untuk melakukan rekomposisi bahan baku secara khusus untuk meningkatkan kualitas produk sehingga diharapkan akan meningkatkan daya saing produk itu sendiri. Untuk tahun 2013, dengan asumsi produksi/penjualan secara makloon, target produksi/penjualan selama satu tahun adalah sebesar 9.785 Ton. Realisasi produksi di bulan Januari 2013 adalah sebesar760 Ton sesuai dengan yang telah ditargetkan. Barang jadi yang telah dikirim ke pemberi order kerja adalah sebanyak 941 Ton. Sedangkan untuk bulan Februari 2013, target produksi adalah sebesar 762 Ton, sementara realisasinya sebesar 641 Ton karena ada perbaikan mesin dan masalah ketersediaan bahan baku. Barang jadi yang telah dikirim ke pemberi order kerja adalah sebanyak 925 ton di bulan Februari 2013.
The uniqueness of PM 1 which uses waste paper raw material allows for recomposition of raw materials specifically to improve the quality of the product so hopefully it will improve the competitiveness of the product itself. For 2013, with the assumption of production based on toll manufacturing, sales/production target will be 9,785 tons. Realization of production in Januar y 2013 was 760 tons as targeted. The finished product delivered to the orderer was 941 tons. For February 2013, production target was 762 ton, while its realization was only 641 tons due to machine maintenance and lack of raw materials availability. The finished product delivered to the orderer was 925 tons in February 2013.
Realisasi Penggunaan Dana Hasil Efek yang dapat Dikonversi menjadi Saham
Use of Proceeds from Securities that can be Converted Into Share
Jenis Efek
Tanggal Penerbitan Efek
Jumlah efek yang telah diterbitkan
(Securities Type)
(Issuance Date)
(Amount of Issued Securities) Unit (Unit)
Waran
6 Des
Seri II
2010
Total
Efek yang telah dikonversi menjadi saham per 31 Des 2012 (Securities converted into shares as of Des 31, 2012)
Jumlah Efek yang belum dikonversi (Amount of unconverted Securities)
Rencana Penggunaan Dana menurut Prospektus (Plan of Fund Usage based on Prospectus)
Realisasi Penggunaan Dana menurut Prospektus (Realization of Fund Usage based on Prospectus)
Jumlah Nilai (Rp) (Amount) (Value (Rp))
Sisa Dana Hasil Konversi per 31 Des 2012 (Remaining conversion fund balance as of Dec 31, 2012)
Unit (Unit)
Nilai (Rp) (Value (Rp))
Nilai (Rp) (Value (Rp))
Nilai (Rp) (Value (Rp))
199.436.305
300
31.500
199.436.005
31.500
0
31.500
199.436.305
300
31.500
199.436.005
31.500
0
31.500
Perubahan Peraturan Perundang-undangan dan Kebijakan Akuntansi Selama tahun 2012, tidak ada perubahan peraturan perundang-undangan yang mempengaruhi usaha Perseroan dan tidak ada perubahan kebijakan akuntansi yang mempunyai dampak terhadap laporan keuangan.
Changes in Laws and Regulations and Accounting Policies During 2012, there were no changes in laws and regulations and accounting policies affecting the Company operation and financial statements.
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Corporate Governance
Tata Kelola Perusahaan 1. Uraian Pelaksanaan Tugas Dewan Komisaris Tugas utama Dewan Komisaris adalah melakukan pengawasan atas kebijakan pengurusan Perseroan dan memberi nasehat kepada Direksi sesuai dengan maksud dan tujuan Perseroan.
Tugas utama tersebut dapat diuraikan sebagai berikut: 1. Mengevaluasi dan mengarahkan strategi Perseroan, kebijakan pengendalian risiko, anggaran tahunan, rencana kerja dan rencana usaha. 2. M e n e t a p k a n s a s a r a n k e r j a , m e n g a w a s i pelaksanaan dan mengevaluasi kinerja Perseroan. 3. Memantau pelaksanaan tata kelola perusahaan yang baik dan mengusulkan perubahan jika perlu. 4. Memantau efektifitas komunikasi dan keterbukaan di dalam Perseroan. 2. Uraian Pelaksanaan Tugas Direksi Direksi Perseroan terdiri dari satu orang Direktur Utama dan dua orang Direktur, dimana mereka secara bersama-sama memiliki tanggung jawab penuh atas efektifitas kegiatan usaha Perseroan.
1. Description of Board of Commissioners Job Implementation The main job of Board of Commissioners is to undertake the super visor y on the Company management policy and to give advices to the Directors according to purpose and aim of the Company. The main jobs will be described as follows: 1. Evaluating and directing the Company strategies, policies, risk management, annual budget, work plans and business plans. 2. Determining the work targets, monitoring their implementations, and evaluating the Company’s performance. 3. M o n i t o r i n g t h e i m p l e m e n t a t i o n o f G o o d Corporate Governance and suggesting some change if necessary. 4. Monitoring communication effectiveness and transparency in the Company.
2. Description of Board of Directors Job Implementation Board of Directors consists of one President Director and two Directors, where they jointly have full responsibility for the effectiveness of the Company's business activities.
Ruang lingkup pekerjaan dan tanggung jawab Direktur Utama adalah memimpin dan mengkoordinasikan semua kegiatan Direktur Keuangan dan Direktur Operasi serta melakukan koordinasi, integrasi, sinkronisasi dan pengarahan kegiatan manajemen Perseroan agar sesuai dengan kebijakan dan strategi Perseroan serta memberikan keputusan akhir atas kebijakan dan strategi Perseroan.
President Director has responsibilities to lead and coordinate all activities of Finance Director and Operation Director including integration, synchronization, and directing the management activities in order to be consistent with the Company’s policies and strategies and take the final decisions on Company’s policies and strategies.
Direktur keuangan sebagai penanggung jawab di bidang keuangan, akuntansi dan umum dengan ruang lingkup pekerjaan yang utama antara lain: 1. Mengkoordinasikan dan mengendalikan kegiatan-kegiatan dibidang administrasi keuangan, kepegawaian, kesekretariatan dan umum. 2. Bertanggung jawab atas proses penyusunan laporan keuangan dan pemenuhan kewajiban
Finance Director is responsible for the financial, accounting, and general affairs, with the main job as follows: 1. Coordinating and controlling the activities in financial administration, personnel, secretarial, and general affairs. 2. Being responsible for preparing financial s t a t e m e n t a n d f u l f i l l i n g t h e C o m p a n y ’s compliances in taxation and capital market based
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Perseroan di bidang perpajakan dan pasar modal sesuai dengan peraturan dan perundang-undangan. 3. Bertanggung jawab terhadap pengembangan dan penyusunan kebijakan dibidang keuangan, akuntansi, kepegawaian dan umum. 4. M e r e n c a n a k a n d a n m e n g e m b a n g k a n sumber-sumber pendapatan serta pembelanjaan dan kekayaan perusahaan. 5. Mengendalikan efektifitas arus kas Perseroan baik arus kas masuk maupun penggunaannya. 6. Melaksanakan tugas-tugas yang diberikan Direktur Utama dan bertanggung jawab kepada Direktur Utama.
on the prevailing regulations. 3. B e i n g r e s p o n s i b l e f o r p r e p a r a t i o n a n d improvement in finance, accounting, personnel, and general affairs. 4. Planning and developing revenue resources as well as expenditures and wealth of the Company. 5. Controlling the effectiveness of cash flow either cash received or cash usage. 6. Undertaking the jobs given by President Director and report to President Director.
Direktur Operasi sebagai penanggung jawab di aktivitas produksi dan penjualan dengan ruang lingkup pekerjaan yang utama antara lain: 1. Menetapkan dan mewujudkan sasaran strategi di bidang produksi. 2. Ber tanggung jawab atas jalannya proses aktivitas produksi dan menetapkan sistem kerja bidang produksi. 3. Bertanggung jawab atas pencapaian target penjualan dan produksi serta kualitas produk. 4. Mengendalikan biaya produksi pada tingkat yang lebih efisien. 5. Bertanggung jawab atas terciptanya suasana kerja yang harmonis dan kondusif di pabrik . 6. Melaksanakan tugas-tugas yang diberikan Direktur Utama dan bertanggung jawab kepada Direktkur Utama. 7. Bertanggung jawab atas kepatuhan terhadap peraturan perundang-undangan yang terkait dengan lingkungan hidup di sekitar pabrik.
Operation Director is responsible for the production and selling activities with the main jobs such as: 1. Determining strategies and achieve target in production. 2. Being responsible for handling production activities and determining appropriate work system in production. 3. Being responsible for selling and achieving production target as well as product quality. 4. Controlling production cost efficiently. 5. Being responsible for the creation of harmonious and conducive working atmosphere in the plant. 6. Undertaking the jobs given by President Director and report to President Director. 7. B e i n g r e s p o n s i b l e f o r c o m p l i a n c e w i t h regulations concerning environment in plant area.
Sebagaimana ditetapkan dalam anggaran dasar Perseroan, penyelenggaraan Rapat Dewan Komisaris dan Direksi dapat dilakukan setiap waktu apabila dipandang perlu. Perseroan belum mempunyai kebijakan khusus tentang hal ini selain yang diatur di dalam anggaran dasar Perseroan.
As stated in the Company’s articles of association, Board of Commissioners and Directors can have meeting anytime if necessary. The Company does not have any specific policy on the meeting of Board of Commissioners and Directors.
Sepanjang tahun 2012, Dewan Komisaris telah melakukan rapat sebanyak 4 kali, dan Direksi sebanyak 3 kali rapat, dengan tingkat kehadiran masing-masing Komisaris dan Direktur di atas 80%. Rapat-rapat tersebut terutama membahas langkah-langkah konsolidasi internal Perseroan
During 2012, Board of Commissioners held four meetings, and Board of Directors held three meetings with 80 % attendance rates. The meeting discussions focused on the internal consolidations relating to the implementation of the Company’s strategies.
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dalam rangka pelaksanaan strategi Perseroan. Tidak terdapat keputusan RUPS tahun 2011 yang realisasinya tertunda dan dilaksanakan pada tahun 2012.
There was no pending matters in 2012 from the decision of the General of Shareholders’ meeting.
Remunerasi Sampai saat ini, Perseroan belum membentuk komite remunerasi dan juga belum mempunyai kebijakan tertulis tentang penilaian terhadap kinerja anggota Direksi. Dasar penetapan besarnya remunerasi untuk Dewan Komisaris dan Direksi Perseroan ditetapkan dalam Rapat Umum Pemegang Saham pada tanggal 23 Juni 2011. Besaran remunerasi Dewan Komisaris dan Direksi Perseroan pada tahun 2012 adalah sebesar Rp 1.770.000.000,-.
Remuneration U p t o n o w, t h e C o m p a n y h a s n o t s e t u p remuneration committee and also has no any written policy on evaluation of the Directors’ performance. Remuneration for Board of Commissioners and Directors has been determined in the General of Shareholders’ Meeting on June 23, 2011. Remuneration for Board of Commissioners and Directors in 2012 amounted to Rp 1,770,000,000,-.
3. Komite Audit Komite Audit bertugas membantu Dewan Komisaris dalam mengawasi jalannya Perseroan. Komite Audit bertugas dan bertanggung jawab untuk memberikan pendapat profesional dan independen kepada Dewan Komisaris terhadap laporan atau hal-hal yang disampaikan oleh Direksi kepada Dewan Komisaris, dan melaksanakan tugas-tugas lain yang berkaitan dengan tugas Komisaris.
3. Audit Committee Audit Committee job is to help the Board of Commissioners in monitoring the Company’s operation. Audit Committee has duties and is responsible for provide professional and independent opinion to Board of Commissioners on the report or the important things submited by Board of Directors to the Board of Commissioners, and conducted other jobs relating to Board of Commissioners’ duties.
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Susunan Komite Audit Perseroan sebagai berikut: Ketua Komite Audit: James Johanes Anggota: 1. Mursalman Ahadi 2. Deden Hendrayana
The Structure of Audit Committee is as follows: Head of Audit Committee: James Johanes Members: 1. Mursalman Ahadi 2. Deden Hendrayana
Mursalman Ahadi Memperoleh gelar Sarjana Akuntansi pada tahun 1992 dari Sekolah Tinggi Akuntansi Negara, dan Magister Akuntansi pada tahun 2007 dari Universitas Indonesia. Memulai karir sebagai Auditor (1986-1989) pada Badan Pengawas Keuangan dan Pembangunan (BPKP) di daerah Sumatera Selatan. Beliau melanjutkan karirnya pada kantor Akuntan Publik Sumantri dan Salam Manan sebagai Senior Consultant (1992), dan pada Kantor Akuntan Publik Soeyatna Soenosubrata sebagai Senior Auditor (1993). Pada tahun 1993, Beliau kembali bergabung dengan BPKP sebagai Team Leader sampai dengan bulan Juli 2001. Pada bulan Agustus 2001 Beliau bergabung dengan PT Darma Henwa, Tbk. sebagai Chief Accountant (2001-2005), Accounting Manager (2005-2007),
Mursalman Ahadi He obtained degree in accountancy (Sarjana Akuntansi) in 1992 from STAN and Magister in Accountancy in 2007 from University of Indonesia. He began his career as Auditor (1986-1989) for BPKP in South Sumatera. He continued his career in public accounting firm Sumantri dan Salam Manan as Senior Consultant (1992), in public accounting firm Soeyatna Soenosubrata as Senior Auditor (1993). In 1993, he rejoined with BPKP as Team Leader until July 2001. In August 2001, he joined with PT Darma Henwa, Tbk. as Chief Accountant (2001-2005), Accounting Manager (2005-2007), Head of Internal Audit Division (2007 – today). Since the end of 2011, he has become Enterprise Risk Management Certified Professional (ERMCP). He has held position as member of Audit Committee
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Internal Audit Head of Division (2007 – sekarang). Sejak akhir tahun 2011, Beliau merupakan Enterprise Risk Management Certified Professional (ERMCP). Beliau menjabat sebagai anggota komite audit sejak 1 Februari 2012 berdasarkan Surat Keputusan Dewan Komisaris No. 001/KBRI/DEKOM-Kpts /I/12 tanggal 18 Januari 2012 tentang Perubahan Susunan Komite Audit PT. Kertas Basuki Rachmat Indonesia Tbk.
since Februar y 1, 2012 based on Board of C o m m i s s i o n e r s ’s decree No. 001/KBRI/DEKOM-Kpts/I/12 dated January 18, 2012 concerning the change of Audit Committee composition of PT. Kertas Basuki Rachmat Indonesia Tbk.
Deden Hendrayana Lulusan dengan predikat Summa Cum Laude dari Politeknik Universitas Indonesia - Diploma Akuntansi pada tahun 1998. Dan lulus dengan predikat Cum Laude dari Universitas Indonesia, Fakultas Ekonomi Program Akuntansi pada tahun 2000. Berpengalaman menjadi Junior sampai Supervisor Auditor pada tahun 2002 - April 2007 di Ernst & Young. Menjabat Finance Cost Control Manager PT Darma Henwa Tbk. pada Mei 2007 - October 2011, Warehouse & Logistic Manager pada Januari 2008 - Agustus 2010 dan terakhir sebagai Senior Finance Manager. Saat ini, menjabat sebagai General Manager Finance dan Accounting PT Benakat Barat Petroleum dan Patina.
Deden Hendrayana Graduated degree in Accountancy with Summa Cum Laude predicate from the Polytechnics, University of Indonesia in 1998, and graduated with Cum Laude predicate from Faculty of Econmics-Accounting Program, University of Indonesia in 2000. He is experienced in positions from Junior to Supervisor Auditor in 2002 - April 2007 in Ernst & Young. He became Finance Cost Control Manager PT. Darma Henwa Tbk, in May 2007 - October 2011, Warehouse & Logistic Manager in January 2008 - August 2010 his last position was Senior Finance Manager. Today, he is General Manager Finance and Accounting in PT. Benakat Barat Petroleum dan Patina.
Beliau menjabat sebagai anggota komite audit sejak 1 Februari 2012 berdasarkan Surat Keputusan Dewan Komisaris No. 001/KBRI/DEKOM-Kpts /I/12 tanggal 18 Januari 2012 tentang Perubahan Susunan Komite Audit PT. Kertas Basuki Rachmat Indonesia Tbk.
He has held position as member of Audit Committee since Februar y 1, 2012 based on Board of C o m m i s s i o n e r s ’s d e c i s i o n l e t t e r N o . 001/KBRI/DEKOM-Kpts/I/12 dated January 18, 2012 concerning the change of Audit Committee composition of PT. Kertas Basuki Rachmat Indonesia Tbk.
Saat ini kebijakan Perseroan atas frekwensi rapat Komite Audit belum dibakukan. Rapat Komite Audit diadakan apabila dipandang perlu. Sepanjang tahun 2012, Komite Audit telah melakukan rapat sebanyak 8 kali, dengan tingkat kehadiran di atas 80%.
Currently the Company has no policy on frequence of Audit Committee meeting. Audit Committee meeting will be held if considered necessary. During 2012, Audit Committee has held 8 meetings with more than 80% attendance rate.
Tugas dan Tanggung Jawab Komite Audit adalah sebagai berikut: 1. Melakukan penelaahan atas informasi keuangan yang akan dikeluarkan perusahaan seperti laporan keuangan, proyeksi dan informasi keuangan lainnya; 2. M e l a k u k a n p e n e l a a h a n a t a s k e t a a t a n perusahaan terhadap peraturan
Duties and Responsibilities of Audit Committee are follows: 1. Review financial information that will be issued by the Company such as financial repor ts, financial projection and other financial information. 2. Review the Company's compliance with laws and regulations in the capital market and other
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perundang-undangan di bidang Pasar Modal dan peraturan perundang-undangan lainnya yang berhubungan dengan kegiatan perusahaan; 3. Melakukan penelaahan atas pelaksanaan pemeriksaan oleh auditor internal; 4. Melaporkan kepada Dewan Komisaris berbagai risiko yang dihadapi perusahaan dan pelaksanaan manajemen resiko oleh direksi; 5. Melakukan penelaahan dan melaporkan kepada Dewan Komisaris atas pengaduan yang berkaitan dengan perusahaan; 6. Menjaga kerahasiaan dokumen, data dan informasi dari perusahaan;
laws relating to the activities of the company. 3. Review the audit results of Internal auditor. 4. Report any potential risks faced by the Company and the implementation of risk management by Board of Directors to Board of Commissioners. 5. Review and report any complains relating to the Company to Board of Commissioners. 6. Keeping the confidentiality of the Company documents, data, and information.
Dalam tahun 2012, Komite Audit telah melakukan tugasnya dengan baik sesuai dengan yang digariskan dalam piagam Komite Audit Perseroan, antara lain: 1. Melakukan penelaahan atas informasi keuangan yang akan dikeluarkan Perseroan seperti laporan keuangan baik laporan keuangan interim maupun laporan keuangan tahunan. 2. Melakukan penelaahan atas pelaksanaan pemeriksaan oleh auditor internal. 3. Melaporkan kepada Dewan Komisaris berbagai resiko yang dihadapi perseroan dan pelaksanaan manajemen risiko oleh Direksi. 4. M e l a k u k a n p e n e l a a h a n a t a s k e t a a t a n perusahaan terhadap peraturan perundang-undangan di bidang pasar modal dan peraturan perundang-undangan lainnya yang berhubungan dengan kegiatan Perseroan.
During 2012, Audit Committee has performed their jobs properly in accordance with the Audit Committee Charter, such as: 1. Review financial information that will be issued by the Company such as financial report both interim and annual financial report. 2. Review the audit results of Internal Auditor. 3. R e p o r t a n y p o t e n t i a l r i s k s f a c e d b y t h e Company and the implementation of risk management by the directors to Board of Commissioners. 4. Review the Company's compliance with laws and regulations in the capital market and other laws relating to the activities of the company analysis on the Company obedience to the regulation on Capital Market and the other regulations on the Company activities.
4. Sekretaris Perusahaan Budi Priyadi Meraih gelar Sarjana Akuntansi dari Fakultas
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4. Corporate Secretary Budi Priyadi Obtained degree in Accountancy (Sarjana
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Ekonomi Universitas Indonesia pada tahun 1989 dan Magister Akuntansi dari Universitas Indonesia pada tahun 2003. Ditunjuk sebagai Sekretaris Perusahaan sejak bulan Juni 2012 dengan Surat Keputusan Direksi No. 003/KBRI/Dir-Kpts/VI/12 tanggal 27 Juni 2012. Sampai saat ini Beliau masih menjabat sebagai Sekretaris Perseroan.
Akuntansi) from Faculty of Economics, University of Indonesia in 1989 and Magister in Accountancy from University of Indonesia in 2003. He has been appointed as Corporate Secretary since June 2012 based on Board of Directors’s decision letter No. 003/KBRI/Dir-Kpts/VI/12 dated Juni 27, 2012. Up to now, he is still as Corporate Secretary.
Sebelumnya, menjabat sebagai Ketua Audit Internal Perseroan sejak Desember 2009. Mengawali karirnya sebagai auditor pada KAP Prasetio Utomo & Co (Arthur Andersen) tahun 1987 – 1995, Corporate Controller PT. Samudera Indonesia tahun 1995–1997, audit manager KAP Hadi Sutanto & Rekan (PriceWaterhouseCoopers) tahun 1997 – 1999, Financial Planner PT. AJ Bumiputera John Hancock tahun 1999–2001, Treasury & Investment Manager PT. Metlife Sejahtera tahun 2002 – 2005, Finance Manager PT. Ker tas Basuki Rachmat Indonesia tahun 2005–2008, dan Direktur Keuangan PT. Kertas Basuki Rachmat tahun 2008.
Before, he was as Head of Internal Auditor since December 2009. He started his career as an auditor in public accounting firm Prasetio Utomo & Co (Arthur Andersen) in 1987 – 1995, as Corporate Controller of PT. Samudera Indonesia in 1995–1997, audit manager in public accounting firm Hadi Sutanto & Rekan (Price Waterhouse Coopers) in 1997 – 1999, Financial Planner in PT. AJ Bumiputera John Hancock in 1999–2001, Treasur y & Investment Manager of PT. Metlife Sejahtera in 2002 – 2005, Finance Manager of PT. Kertas Basuki Rachmat Indonesia in 2005–2008, and Finance Director of PT. Kertas Basuki Rachmat in 2008.
Uraian pelaksanaan tugas Sekretaris Perusahaan selama tahun 2012 sebagai berikut: 1. Selalu mengikuti perkembangan pasar modal beserta peraturan-peraturan yang berlaku di pasar modal serta mempunyai tanggung jawab menjaga agar Perseroan dapat menjalankan usahanya tanpa melanggar peraturan dan ketentuan yang berlaku. 2. Memberikan pelayanan informasi yang menyangkut kondisi Perseroan dan hal-hal lain yang perlu diketahui oleh pemegang saham, investor, masyarakat dan pihak lainnya secara transparan serta sebagai penghubung antara Perseroan dengan Otoritas Jasa keuangan, Bursa Efek Indonesia dan masyarakat. 3. Memberikan masukan kepada Direksi Perseroan mengenai peraturan dan ketentuan yang berlaku di pasar modal serta memberikan masukan untuk perkembangan Perseroan terkait dengan penerapan Good Corporate Governance. 4. M e m e l i h a r a d a n m e n y i m p a n d o k u m e n perusahaan seperti Daftar Pemegang Saham, korespondensi terkait pelaporan kepada regulator pasar modal, notulen Rapat Umum Pemegang Saham, hasil Public Expos dan notulen Rapat Dewan Komisaris dan Direksi.
Description of Corporate Secretar y job implementation during 2012 as follows: 1. Always follow the development of the capital market and other regulation in the capital market and have a responsibility to advice the Company to conduct its business without infringing any rules and regulations. 2. Providing information concerning the Company condition and others that need to be known by the shareholders, investors, public, and other stakeholders transparently and as liaison officer between the Company and the Financial Services Authority’s (OJK), Indonesia Stock Exchange (BEI) and public. 3. Giving suggestions to Board of Directors about the regulations and provisions in the Capital Market as well as giving input for the development of the Company relating to the implementation of Good Company Governance. 4. Maintaining and storing the Company’s legal documents such as the Shareholders List, correspondences to the capital market regulator, the minutes of the General of Shareholders’ Meeting, results of Public Expose and the minutes of Boards of Commissioners and Directors’ Meetings.
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5. Audit Internal Aswaldi Sofyan Ditunjuk sebagai Kepala Unit Audit Inter nal Perseroan sejak tanggal 18 Juni 2012 dengan Surat Keputusan Direksi No. 002/KBRI/Dir-Kpts/VI/12 tanggal 18 Juni 2012. Berpengalaman luas dibidang audit dan akuntansi. Berlatar belakang pendidikan Akuntansi dari Universitas Jayabaya pada tahun 1980 dan Master of Business Administrtion pada tahun 1991 di Institut Pendidikan Bisnis dan Manajemen OTC. Mengawali karir sebagai Auditor di KAP Prasetio Utomo & Co (Arthur Andersen - SGV) tahun 1976 1988 dan di Indhasana Group tahun 1989 2007, Manajer Akuntansi dan Keuangan PT Indhasana (Holding) tahun 1989 - 1992, Direktur PT Tridiantara Alvindo tahun 1990 - 1994, Internal Controller PT Sinar Pedoman Abadi dan PT Serasi Adi Busana tahun 1990 - 1994, Internal Controller PT King Kaolin Lestari tahun 1992 - 1994, Internal Controller PT Alascomodo Garment tahun 1993 1995, Internal Controller PT Indhasana (Holding) tahun 1995 - 2002, Manajer Akuntansi dan Keuangan PT Tridiantara Alvindo tahun 2001 2005, Manajer Akuntansi PT Indhasana (Holding) tahun 2005 - 2007, Manajer Akuntansi PT Kertas Basuki Rachmat Indonesia Tbk tahun 2008 - 2011.
5. Internal Audit Aswaldi Sofyan Appointed as Unit Head of Internal Auditl since June 18, 2012 based on Board of Directors’s decision letter No. 002/KBRI/Dir-Kpts/VI/12 dated Juni 18, 2012. He has extensive experiences in auditing and accounting. He has Accounting academic background from University of Jayabaya in 1980 and Master of Business Administrtion in 1991 in Institut Pendidikan Bisnis dan Manajemen OTC. He started his career as Auditor in public accounting firm Prasetio Utomo & Co (Arthur Andersen - SGV) in 1976 - 1988 and in Indhasana Group in 1989 2007, Finance and Accounting of PT Indhasana (Holding) in 1989 - 1992, Director of PT Tridiantara Alvindo in 1990 - 1994, Internal Controller of PT Sinar Pedoman Abadi and PT Serasi Adi Busana in 1990 - 1994, Internal Controller of PT King Kaolin Lestari in 1992 - 1994, Internal Controller of PT Alascomodo Garment in 1993 - 1995, Internal Controller of PT Indhasana (Holding) in 1995 2002, Finance and Accounting Manager of PT Tridiantara Alvindo in 2001 - 2005, Accounting Manager of PT Indhasana (Holding) in 2005 2007, Accounting Manager of PT Kertas Basuki Rachmat Indonesia Tbk in 2008 – 2011.
Struktur dan Kedudukan Audit Internal Kepala Unit Audit Internal bertanggung jawab langsung kepada Direktur Utama PT Kertas Basuki Rachmat Indonesia Tbk. Direktur Utama dapat memberhentikan Kepala Unit Audit Internal, setelah mendapat persetujuan dari Dewan Komisaris. Kepala dan staf Audit Internal dilarang melaksanakan perangkapan tugas dan jabatan dari pelaksanaan kegiatan operasional Perseroan dan entitas anak.
Structure and Position of Internal Audit Head of Internal Audit Unit directly reports to Presiden Director of PT. Kertas Basuki Rachmat Indonesia Tbk. The President Director may terminate Head of Internal Audit after obtaining approval from Board of Commissioners. Head and staffs of Internal Audit Unit are prohibited from carr ying out multifunction for other duties and positions of the Company and its subsidiaries.
Tugas dan Tanggung Jawab Audit Internal: 1. Menyusun dan melaksanakan rencana audit internal tahunan. 2. Menguji dan mengevaluasi pelaksanaan pengendalian internal dan sistem manajemen risiko sesuai dengan kebijakan perusahaan. 3. Melakukan pemeriksaan dan penilaian atas efisiensi dan efektivitas di bidang keuangan, akuntansi, operasional, sumber daya manusia, pemasaran, teknologi informasi dan kegiatan
Internal Audit’s Job and Duties: 1. Prepare and implemen the annual internal auditing plans. 2. Exame and evaluate the implementation of internal controlling and risk management system according to the Company policy. 3. Conduct audits and assessment of efficiency and effectiveness in finance, accounting, operations, human resources, marketing, infor mation technology, and other activities.
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lainnya. 4. Memberikan saran perbaikan dan informasi yang obyektif tentang kegiatan yang diperiksa pada semua tingkat manajemen. 5. M e m b u a t l a p o r a n h a s i l a u d i t d a n menyampaikan laporan tersebut kepada Direktur Utama dan Dewan Komisaris. 6. Memantau, menganalisis dan melaporkan pelaksanaan tindak lanjut perbaikan yang telah disarankan. 7. Bekerja sama dengan Komite Audit. 8. Menyusun program untuk mengevaluasi mutu kegiatan audit internal yang dilakukannya. 9. Melakukan pemeriksaan khusus dalam lingkup pengendalian internal yang ditugaskan oleh Direktur Utama.
4. P r o v i d e s u g g e s t i o n f o r i m p r o v e m e n t a n d information objectively on the examined activities in all management levels. 5. Prepare internal audit report and submitting the report to the President Director and Board of Commissioners. 6. Monitor, analyze, and report follow up of the implementation of the suggested improvements. 7. Cooperate with Audit Committee. 8. Prepare audit programs to evaluate the quality of the internal audit implementation. 9. Undertaking special audits in area of internal control assigned by President Director.
Pelaksanaan Tugas Audit Internal pada Tahun 2012 Unit Audit Internal melaksanakan tugas audit berbasis risiko menempatkan kegiatan observasi dan analisis terhadap pengendalian sebagai starting point, kemudian mengembangkan auditnya pada bidang/area yang memerlukan pengujian dan evaluasi lebih lanjut. Selama tahun 2012, Unit Audit Internal telah melakukan audit pada proses pembelian bahan baku, produksi, dan proses keuangan. Temuan-temuan yang didapat selama proses audit telah didiskusikan dengan Komite Audit dan manajemen Perseroan.
Internal Audit Job Implementation in 2012
Pengendalian Internal Perseroan telah menerapkan suatu sistem pengendalian internal yang memadai dimana secara terjadwal Komite Audit melakukan penelaahan atas efektifitas pengendalian internal untuk memastikan bahwa aset Perseroan sudah dikelola secara optimal dan dilindungi secara baik. Komite audit bersama internal audit telah melakukan evaluasi atas sistem akuntansi dan sistem informasi Perseroan untuk memastikan informasi keuangan yang dihasilkan adalah benar dan handal.
Internal Control The Company has applied adequate internal controlling system where Audit Committee made analysis of internal control effectiveness to insure that the Company’s assets have been managed optimally and protected well. Audit Committee and internal auditor have made evaluations of the Company’s accounting and information systems to ensure that the financial information resulted is true and reliable.
Perseroan telah memberdayakan Unit Audit Internal yang merupakan unit independen dan obyektif untuk melakukan audit berdasarkan audit berbasis risiko untuk menilai efektifitas sistem pengendalian internal Perseroan. Hasil-hasil dari temuan Unit Audit Internal telah didiskusikan bersama dengan Komite Audit
The Company has empowered Internal Audit Unit to be independent and objective to conduct audits based on risk-based audits to assess the Company’s internal controlling system effectiveness. The findings of the Internal Audit Unit have been discussed with Audit Committee and the Company’s management.
Internal Audit Unit conducted risk-based auditing job, placing observation and analysis over internal control as starting point, then extends his auditing on the area that needs to be tested and fur ther evaluation. During 2012, Internal Audit Unit has conduct audits on purchase of raw materials, production, and financial process. The findings found during audits have been discussed with Audit Committee and the Company’s management.
Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
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dan manajemen Perseroan. Unit Audit Internal dan Komite Audit telah mendiskusikan langkah-langkah penerapan manajemen risiko agar untuk kedepannya Unit Audit Internal dapat memantau dan mengevaluasi efektifitas dari proses manajemen risiko Perseroan yang terkait dengan bagaimana Perseroan menentukan sasaran-sasarannya, kemudian mengidentifikasi, menganalisa dan menindaklanjuti risiko-risiko tersebut yang mungkin mempunyai dampak potensial terhadap Perseroan untuk mencapai sasaran-sasarannya.
Internal Audit Unit and Audit Committee have discussed the implementation of risk manageme in order that in future Internal Audit Unit will be able to monitor and to evaluate effectiveness of Company risk management process relating how the Company determines its targets, then identifies, analyzes, and follows up the risks that probably has potential impacts on the Company reaching its targets.
6. Pengendalian Risiko Dalam menjalankan usahanya, Perseroan menghadapi risiko yang dapat berpengaruh negatif terhadap kelancaran usaha, pendapatan usaha maupun kondisi keuangannya. Berikut adalah uraian mengenai risiko-risiko utama yang dihadapi Perseroan dan upaya mitigasi yang dilakukan:
6. Risk Management In conducting its operation, the Company may face risks which could adversely affect the operation smoothness, operating revenue, and its financial conditions. The followings are description of the main risks faced by the Company and its mitigation steps that should be taken:
Risiko Keuangan Perseroan melakukan identifikasi dan evaluasi terhadap risiko-risiko keuangan seperti risiko pasar, risiko kredit dan risiko likuiditas, agar meminimalisir potensi kerugian keuangan, dengan melakukan pemantauan harga nilai tukar mata uang asing, tingkat suku bunga, dan investasi dalam efek. Pada risiko kredit, Perseroan memastikan penjualan produk hanya dilakukan kepada pelanggan yang dapat dipercaya dengan rekam jejak yang baik. Risiko likuiditas, Perseroan menjaga agar posisi kas dan bank selalu dalam posisi likuid dengan mengawasai pergerakan kebutuhan likuiditas dan memastikan tersedianya kas yang cukup untuk memenuhi kebutuhan operasional.
Financial Risk The Company makes identification and evaluation on the financial risks such as market risks, credit risks, and liquidity risks in order to minimize potential financial loss, by monitoring foreign exchange rate, interest rate, and investment in shares. To anticipate the credit risks, the Company ensures that its products are sold only to the credible and having-good-track-record customers. To anticipate liquidity risks, the Company must keep cash and bank in liquid position by monitoring movement of liquidity requirement and ensuring the adequate cash availability to meet operational needs.
Risiko Operasional Risiko operasional adalah risiko kerugian yang disebabkan oleh kegagalan sistem informasi teknologi informasi, kesalahan karena faktor manusia, maupun kelemahan prosedur operasional dalam suatu proses. Risiko ini dapat menyebabkan terjadinya kerugian pada Perusahaan dan entitas anak sehingga akan mempengaruhi kinerja dan tingkat kesehatan Perusahaan dan entitas anak.
Operational Risk Operational risk is the risk of loss caused by the failure of information technology system, human error factor and weakness in operational procedures of the process. These risks can cause the losses on the Company and its subsidiaries that would affect the performance of the Company and its subsidiaries.
Manajemen risiko yang telah diterapkan oleh Perusahaan dan entitas anak adalah sebagai berikut:
Risk management has been adopted by the Company and subsidiaries are as follows:
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Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
- Menerapkan aturan kerja yang jelas dan sanksi yang tegas atas penyimpangan yang terjadi, sesuai dengan tingkat kesalahan yang diperbuat. - Melaksanakan penanaman nilai-nilai dasar Perusahaan dan entitas anak sejak dini kepada kar yawan, sehingga dapat menghindarkan potensi penyimpangan. - Menerapkan sistem yang tersentralisasi sehingga proses bisnis dapat terkontrol secara sistematis dan dimonitor dari waktu ke waktu.
- Implement a work rules and strict sanction on the aberrations that occur, according to the error rate. - Perform early implementation of the basic values of the Company and subsidiaries to employees to prevent the potential of fraud. - Implement a centralized system in order to systematically controlled and monitored the business process.
Risiko Pemasaran Risiko pemasaran pada umumnya timbul akibat dari persaingan harga pasar maupun kapasitas dan jaringan atau jalur pemasaran yang dimiliki. Persaingan harga pasar menuntut Perseroan untuk menjadi produsen kertas dengan biaya produksi paling rendah. Sedangkan jalur distribusi bekerjasama dengan mitra pemasaran atau distributor yang tepat.
Marketing Risks Marketing risks generally arise as a result of price competition and capacity markets and networks owned or marketing channels. Competition for the market price requires the Company to be a paper manufacturer with the lowest production costs. For the distribution channel, the Company will cooperate with marketing partner or appropriate distributor.
Risiko Lingkungan Hidup Pabrik kertas menggunakan berbagai bahan kimia dalam proses produksinya sehingga ada risiko pembuangan limbah beracun. Untuk itu Perseroan telah memenuhi segala persyaratan dan ketentuan AMDAL yang ditentukan oleh Badan Pengelola Lingkungan Hidup Daerah untuk menjaga agar terhindar dari pencemaran lingkungan penduduk maupun mahluk hidup lainnya di sekitar pabrik.
Environmental Risks Paper mills use a variety of chemicals in the production process so that there is risk of toxic waste disposal. Therefore, the Company has met all AMDAL terms and conditions determined by Badan Pengelola Lingkungan Hidup Daerah in order to protect the residents or any other living creatures around the plant from environmental pollutions.
7. Sanksi Administratif Sepanjang tahun 2012 tidak ada sanksi administratif yang dikenakan kepada Perseroan, anggota Dewan Komisaris dan Direksi, oleh otoritas pasar modal dan otoritas lainnya.
7. Administrative Sanction During 2012 there was no any administrative sanction charged by capital market authority and other authorities to the Company, members of Board of Commissioners and Directors.
8. Kode Etik, Budaya Perusahaan dan Sistem Pelaporan Pelanggaran Saat ini, Perseroan belum membakukan kode etik dan budaya perusahaan dan juga belum mengembangkan sistem pelaporan pelanggaran. Perseroan akan membakukan kode etika dan budaya perusahaan serta pengembangan sistem pelaporan pelanggaran di masa-masa yang akan datang.
8. C o d e o f E t h i c , C o m p a n y C u l t u r e , a n d Whistleblowing System Currently the Company has not compiled codes of ethic and Company culture and also has not developed Whistleblowing system. The Company will develop and compile code of Ethic and Company culture and set up Whistleblowing system in the future.
Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
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Corporate Social Responsibility
Tanggung Jawab Sosial Perusahaan Implementasi dari tanggung jawab sosial perusahaan (Corporate Social Responsibility) telah dijalankan melalui berbagai program, termasuk antara lain:
Company Social Responsibility has been implemented through several programs, such as:
Lingkungan Hidup Sebagai bentuk kepedulian Perseroan terhadap lingkungan hidup, Perseroan telah melakukan penanaman pohon disekitar area pabrik. Perseroan menggunakan sistem instalasi pengendalian air limbah untuk menjaga agar lingkungan penduduk maupun mahluk hidup lainnya terhindar dari pencemaran lingkungan.
Environment As the Company’s awareness on the environment, the Company has planted tree around the plant area. The Company uses waste water treatment facillity to conserve the environment of the residents and the other living creatures from pollution.
Berdasarkan Hasil evaluasi pengawasan kinerja penaatan PROPER (Program Peringkat Kinerja Perusahaan Dalam Pengelolaan Lingkungan Hidup) periode 2011 – 2012 dari Kementerian Lingkungan Hidup Republik Indonesia memberikan peringkat BIRU untuk PT. Kertas Basuki Rachmat, anak perusahaan.
Based on the result of the compliance evaluation by PROPER (Program Peringkat Kinerja Perusahaan Dalam Pengelolaan Lingkungan Hidup) for the period of 2011 – 2012 from the Environment Ministry (KLH) Republic of Indonesia has awarded BLUE rank for PT. Kertas Basuki Rachmat, a subsidiary company.
Ketenagakerjaan, Kesehatan, dan Keselamatan Kerja Perseroan memberikan perlindungan jamsostek dan fasilitas kesehatan untuk para karyawannya. Untuk karyawan pabrik, Perseroan memberikan peralatan kerja yang memadai seperti sepatu kerja dan lain-lain. Perseroan juga menyediakan dokter Perseroan khusus untuk kar yawan di pabrik, untuk memberikan pelayanan kesehatan yang cukup memadai.
Employment, Health, and Work Safety
Sosial dan Kemasyarakatan Penyediaan akses jalan umum di sekitar lokasi pabrik di Banyuwangi untuk kepentingan mobilisasi penduduk setempat sehari-hari. Perseroan juga menyediakan lahan untuk kegiatan olahraga khususnya sepakbola dan masjid sebagai sarana umum dan tempat beribadah bagi masyarakat sekitar pabrik. Perseroan melaksanakan kegiatan donor darah bagi warga sekitar pabrik dalam rangka memeriahkan perayaan hari kemerdekaan 17 Agustus.
Social and Community Provide access to public streets around the plant site in Banyuwangi for daily mobilization of the residents. The Company also provides public facilities mainly for football and mosques used by the community around the plant. The Company holds blood donor activity for the residents around the plant in order to enliven the celebration of Independence Day August 17.
Tanggung Jawab Produk Karena produk Perseroan adalah berupa kertas tulis cetak dipakai secara umum dan tidak memerlukan syarat khusus, maka tidak dicantumkan informasi mengenai tanggung jawab produk.
Responsibility for Product As the Company’s product is printing/writing paper used generally and it does not require special requirements, therefore the Company does not put any information of products responsibility on the product.
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The Company provides the occupational social security program (Jamsostek) for its employees. For plant employees, the Company provides adequate working equipments such as boots etc. The Company also provides Company doctor to provide adequate health-care service for the plant employees.
Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
Board of Commissioners and Directors’ Statement
Surat Pernyataan Anggota Dewan Komisaris dan Direksi Surat Pernyataan Anggota Dewan Komisaris dan Direksi tentang Tanggung Jawab atas Laporan Tahunan 2012 PT Kertas Basuki Rachmat Indonesia Tbk.
Board of Commissioners and Directors’ Statement regarding Responsibility for the Annual Report Year 2012 of PT Kertas Basuki Rachmat Indonesia Tbk.
Kami yang bertanda tangan di bawah ini menyatakan bahwa semua informasi dalam Laporan Tahunan PT Kertas Basuki Rachmat Indonesia Tbk. tahun 2012 telah dimuat secara lengkap dan bertanggung jawab p e n u h a t a s k e b e n a r a n i s i L a p o r a n Ta h u n a n Perusahaan.
We the undersigned declare that all information in the Annual Report year 2012 of PT Kertas Basuki Rachmat Indonesia Tbk. has been fully disclosed and are fully responsible for the accuracy of the Company’s Annual Report content.
Dan pernyataan ini dibuat dengan sebenarnya.
This is our declaration, which has been made truthfully.
Jakarta, 22 April 2013
Jakarta, April 22, 2013
Dewan Komisaris (Board of Commissioners)
James Johanes
Ferdy Yustianto
Adam Ariaji
Komisaris Utama/Komisaris Independen (President Commissioner/Independent Commissioner)
Komisaris (Commissioner)
Komisaris (Commissioner)
Direksi (Board of Directors)
Gani Bustan
Theodorus Ito Prawira Jatty
Antonius Kristijanto
Direktur Utama (President Director)
Direktur Keuangan (Finance Director)
Direktur Operasi (Operation Director)
Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
41
Financial Report
Laporan Keuangan
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Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
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