A Challenging Year
annual report
2009
Corporate Vision To be the Leading Regional Integrated chemical distribution and manufacturing company by providing Value to customers in becoming a preferred • business partner; • Challenges and Opportunities • to our employees; and • Superior Return to our shareholders. •
Core Values We comply with high ethical standards We commit to excellence, accountability, and responsibility in every-role-performance We serve our customers to the best of our ability We recognize and reward creativity We treat people with respect We work as a team to achieve common goals
• • • • • • •
Visi Perseroan Menjadi perusahaan distribusi dan manufaktur bahan kimia yang terintegrasi dan terkemuka secara regional dengan memberikan: •
Nilai lebih kepada para pelanggan guna menjadi mitra terpilih;
•
Tantangan dan Peluang kepada para karyawan; dan
•
Imbal-hasil yang tinggi bagi para pemegang saham.
Nilai-nilai Dasar • •
• • • •
Kami memegang teguh standar etika yang tinggi. Kami menjalankan tanggung tanggap dan tanggung jawab serta berusaha mencapai yang terbaik dalam setiap peranan diperkerjaan kami. Kami melayani para pelanggan sebaik mungkin dengan kemampuan yang ada. Kami memperhatikan dan menghargai kreativitas kerja. Kami memperlakukan setiap individu dengan penuh hormat. Kami bekerja sebagai satu tim untuk mencapai tujuan bersama.
CONTENTS DAFTAR ISI Corporate Vision & Core Values Visi & Nilai-nilai Dasar Perseroan Contents Daftar Isi A Challenging Year Tahun Penuh Tantangan Corporate Highlight Ikhtisar Perusahaan Lautan Luas, an Overview Sekilas Lautan Luas Awards Penghargaan The Company’s Milestones Tonggak Pencapaian Perseroan Financial Highlights Ikhtisar Keuangan Significant Events 2009 Peristiwa Penting 2009 The Corporate’s Structure Struktur Perusahaan Management Structure Struktur Manajemen The Board of Commissioners’ Report Laporan Dewan Komisaris The Board of Commissioners Dewan Komisaris The Board of Directors’ Report Laporan Direksi The Board of Directors Direksi Corporate Governance Tata Kelola Perusahaan Risk Management Manajemen Risiko Corporate Social Responsibility Tanggung Jawab Sosial Perusahaan Management Discussion and Analysis Pembahasan dan Analisa Manajemen Internal Operation Perspective Perspektif Operasional Internal Learning and Growth Pembelajaran dan Pertumbuhan Independent Auditor’s Report 2009 Laporan Auditor Independen 2009 2009 Annual Report Certification Sertifikasi Laporan Tahunan 2009 Group Information Informasi Grup
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A Challenging Year
03 03 04 05 06 07 08 11 12 annual report
2009
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A Challenging Year The year 2009 was a very challenging year. However, PT LAUTAN LUAS Tbk managed to post a respectable performance despite both domestic and regional economic slowdowns. Entering semester II/2009, the Company resumed its manufacturing expansion that was previously rescheduled due to the downturn, including investments in PT Indonesia Ethanol Industry and Lautan Luas Vietnam Co. Ltd. In addition, the Company also resumed its expansion projects in the Support and Services business segment. Lautan Luas is back on track to maintain its long-term growth momentum.
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Tahun Penuh Tantangan
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Tahun 2009 merupakan tahun yang penuh tantangan. Akan tetapi, PT LAUTAN LUAS Tbk berhasil menunjukkan kinerja yang memuaskan di tengah penurunan pertumbuhan ekonomi domestik dan regional.
43 44 46
Memasuki semester II/2009, Perseroan meneruskan ekspansi usaha yang sebelumnya tertunda, termasuk diantaranya investasi di PT Indonesia Ethanol Industry dan Lautan Luas Vietnam Co. Ltd. Selain itu, Perseroan juga meneruskan proyek ekspansinya di segmen usaha Pendukung dan Jasa. Lautan Luas telah kembali melanjutkan ekspansi usaha untuk mempertahankan momentum pertumbuhan jangka panjangnya.
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Corporate Highlights Company’s Name
PT LAUTAN LUAS Tbk Domiciled in Jakarta Address Graha Indramas Jl. AIP II K.S. Tubun Raya No. 77 Jakarta 11410, Indonesia Phone: +62 21 5367 7777 Fax: +62 21 5367 1120 E-mail:
[email protected] Website: www.lautan-luas.com Establishment 13 July 1951, establishment of Persekutuan Andil Maskapai Dagang dan Industri “Lim Teck Lee” (Indonesia) known as “NV Lim Teck Lee Coy. Ltd.” as importer and distributor of basic chemicals , especially for the batik and food industry in Indonesia. 20 April 1965, changed its name into PT Lautan Luas 7 April 1997, became a public company: PT LAUTAN LUAS Tbk
Authorized Capital Rp600,000,000,000 Issued and Fully Paid Capital Rp195,000,000,000 Nominal Price Rp250 per share Share Ownership PT Caturkarsa Megatunggal 63.03% Management 3.64% Public 33.33% Line of Business Distributor and Manufacturer of Specialty and Basic Chemicals as well as Support and Service Business.
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Ikhtisar Perusahaan Nama Perseroan
PT LAUTAN LUAS Tbk Berkedudukan di Jakarta Alamat Graha Indramas Jl. AIP II K.S. Tubun Raya No. 77 Jakarta 11410, Indonesia Telepon: +62 21 5367 7777 Fax: +62 21 5367 1120 E-mail:
[email protected] Website: www.lautan-luas.com Pendirian 13 Juli 1951, Didirikan dengan nama Persekutuan Andil Maskapai Dagang dan Industri “Lim Teck Lee” (Indonesia) disebut juga “NV Lim Teck Lee Coy. Ltd.” sebagai importir dan distributor bahan kimia dasar, terutama untuk industri batik dan makanan di Indonesia. 20 April 1965, perubahan nama menjadi PT Lautan Luas 7 April 1997, menjadi perusahaan publik: PT LAUTAN LUAS Tbk
Modal Dasar Rp600.000.000.000,Modal Ditempatkan dan Disetor Penuh Rp195.000.000.000,Nilai Nominal Rp250 per lembar saham Kepemilikan Saham PT Caturkarsa Megatunggal Manajemen Publik
63,03% 3,64% 33,33%
Bidang Usaha Distributor dan Manufaktur Bahan Kimia Khusus dan Dasar, serta Usaha Pendukung dan Jasa.
Lautan Luas, an Overview Sekilas tentang Lautan Luas
As one of the leading basic and specialty chemical companies in Indonesia, PT LAUTAN LUAS Tbk (”the Company” or “Lautan Luas”) has been serving its customers for over half a century by providing high quality products and services. Established on 13 July 1951 as Persekutuan Andil Maskapai Dagang dan Industri “Lim Teck Lee” (Indonesia) — or NV Lim Teck Lee Coy. Ltd. — the Company began its business as an importer and distributor of basic chemicals for the batik and food industries in Indonesia. In 1965, the Company changed its name to PT Lautan Luas.
Sebagai salah satu perusahaan bahan kimia khusus dan dasar terkemuka di Indonesia, PT LAUTAN LUAS Tbk (“Perseroan” atau “Lautan Luas”) telah melayani pelanggannya selama lebih dari setengah abad dengan menyediakan produk dan layanan jasa berkualitas. Didirikan pada 13 Juli 1951 dengan nama Persekutuan Andil Maskapai Dagang dan Industri “Lim Teck Lee” (Indonesia) — yang dikenal sebagai NV Lim Teck Lee Coy. Ltd. — Perseroan memulai usahanya sebagai importir dan distributor bahan kimia dasar untuk industri batik dan makanan di Indonesia. Pada 1965, Perseroan mengubah namanya menjadi PT Lautan Luas.
In 1969, Lautan Luas began manufacturing when the Company established Indonesia’s first privately-owned sulfuric acid production plant. In the 1970s, seizing the opportunities offered by the country ’s rapid industrialization, Lautan Luas expanded its manufacturing capabilities and established a wider distribution network focusing on specialty chemicals.
Pada 1969, Lautan Luas masuk ke sektor manufaktur dengan mendirikan pabrik asam sulfat swasta pertama di Indonesia. Pada tahun 1970-an, memanfaatkan peluang yang terbuka luas oleh industrialisasi yang terjadi di Tanah Air, Perseroan meningkatkan kemampuan manufakturnya dan membangun jejaring distribusi yang lebih luas, difokuskan pada bahanbahan kimia khusus.
The strategy shift helped Lautan Luas in attaining more stable profit margins and limited the exposure to market volatilities, consequently accelerating the Company’s growth. This, coupled with the dynamic development of Indonesia’s capital market, which served as a catalyst for Lautan Luas to strengthen its capital structure, promoted the Company to become a dominant domestic and regional player in manufacturing and distribution of basic and specialty chemicals.
Perubahan strategi ini terbukti mampu mendatangkan margin laba yang lebih stabil bagi Lautan Luas dan meminimalkan paparan terhadap fluktuasi harga pasar sehingga mempercepat pertumbuhan Perseroan. Hal ini, ditambah dinamisnya pasar modal di Indonesia, menjadi katalis bagi Perseroan untuk memperkuat struktur permodalannya sehingga memungkinkan Perseroan mengibarkan diri menjadi pemain domestik yang dominan dan pemain regional yang disegani di bidang manufaktur dan distribusi bahan kimia dasar dan kimia khusus.
At present, Lautan Luas represents over 100 international principals, distributes more than 1,000 chemical products, and serves more than 2,000 industrial end-users throughout Indonesia and the Asia-Pacific region. To oversee its vast distribution networks, Lautan Luas which is headquartered in Jakarta operates five branches and six representative offices located in major cities throughout the archipelago including a regional office in Singapore that overlooks the Company’s offices in China, Thailand and Vietnam.
Saat ini, Lautan Luas menjadi distributor lebih dari 100 prinsipal internasional, mendistribusikan lebih dari 1.000 produk kimia, dan melayani lebih dari 2.000 pelanggan industri di seluruh Indonesia dan kawasan Asia-Pasifik. Guna meningkatkan pemanfaatan jejaring distribusinya, Lautan Luas yang berkantor pusat di Jakarta mengoperasikan lima kantor cabang dan enam kantor perwakilan yang tersebar di kota-kota besar seluruh Nusantara serta sebuah kantor regional di Singapura yang mengawasi kantor Perseroan di Cina, Thailand dan Vietnam.
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In manufacturing, Lautan Luas currently has stakes in 17 production facilities in Indonesia, three in China and a water treatment chemical manufacturing plant that is under construction in Vietnam. Lautan Luas’ support & service business comprises of four subsidiaries that previously were the Company's internal departments, providing laboratory services, supply chain, information technology, and water treatment solutions.
Dalam bidang manufaktur, Lautan Luas saat ini memiliki saham di 17 fasilitas produksi di Tanah Air, tiga di Cina dan sebuah pabrik bahan kimia untuk pengolahan air yang masih dalam tahap pembangunan di Vietnam. Usaha pendukung dan jasa Lautan Luas meliputi empat anak perusahaan yang sebelumnya merupakan bagian internal Perseroan, menawarkan jasa laboratorium, rantai pasok, teknologi informasi, dan pengolahan air.
To continuously strengthen its integrated manufacturing, distribution and support & service businesses, Lautan Luas strives to forge strategic alliances with international partners possessing highly valuable products and/or technologies. To ensure a solid business foundation, the Company’s management consistently implements principles of good corporate governance. In planning for future growth, the Management makes continuous efforts to improve the professional competence of the Company’s employees through rigorous human resources development programs.
Guna meningkatkan secara terus-menerus usaha manufaktur, distribusi dan pendukung & jasa Perseroan yang terintegrasi, Lautan Luas berupaya menjalin aliansi strategis dengan lebih banyak mitra internasional yang memiliki produk dan/atau teknologi yang bernilai tinggi. Untuk memastikan landasan usaha yang kuat, Manajemen Perseroan secara konsisten menerapkan tata kelola perusahaan yang baik. Dalam merencanakan pertumbuhan di masa mendatang, Manajemen melakukan upaya terus-menerus untuk meningkatkan kemampuan profesional karyawan Perseroan melalui programprogram pengembangan sumber daya manusia yang terencana.
Supported by this dedicated team, in 2009 Lautan Luas posted Net Income of Rp86 billion from Revenue of Rp3,747 billion in a year full of challenges.
Dengan tim yang profesional, pada 2009 Lautan Luas membukukan Laba Bersih Rp86 miliar dari Pendapatan Rp3.747 miliar, di tengah krisis perekonomian global yang menantang.
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The Company’s Milestones Tonggak Pencapaian Perseroan
Established under the name of NV Lim Teck Lee Coy. Ltd.
1951
Perseroan didirikan dengan nama NV Lim Teck Lee Coy. Ltd.
Changed the Company’s name to PT Lautan Luas
1965
Nama Perseroan diubah menjadi PT Lautan Luas
Established Indonesia’s first private sector sulfuric acid manufacturing facility
1969
Membangun fasilitas manufaktur asam sulfat swasta pertama di Indonesia
Established additional manufacturing facilities and a wider distribution network focusing on specialty chemicals
Late 1970s Akhir tahun 1970-an
Mendirikan fasilitas manufaktur yang lebih banyak dan jejaring distribusi yang lebih luas, berfokus pada bahan-bahan kimia khusus
Initial public offering (IPO) on the Indonesia Stock Exchange, with current outstanding listed shares of 780,000,000
1997
Penawaran saham perdana di Bursa Efek Indonesia, dan saat ini saham yang tercatat 780.000.000 lembar
Strengthened regional market presence with the establishment of Singapore subsidiary
1999
Meningkatkan keberadaan di pasar regional dengan mendirikan anak perusahaan di Singapura
Restructured the Company’s Logistic Division into Linc Group, becoming a subsidiary and an independent profit center
2001
Memisahkan Divisi Logistik Perseroan menjadi Linc Group, sebuah unit usaha dan profit center tersendiri
Launched the Company’s B2B services through www.lautan-luas.com, the award winning website that currently provides total e-commerce solutions
2002
Meluncurkan layanan B2B melalui www.lautan-luas.com, situs Perseroan yang saat ini telah mampu memberikan total solusi e-commerce
Established the Company’s first overseas manufacturing facility in China, which currently has been expanded to three plants
2003
Mendirikan fasilitas manufaktur pertama di mancanegara, berlokasi di Cina, yang saat ini telah berkembang menjadi tiga buah pabrik
Established regional office in Bangkok, Thailand
2005
Membuka kantor regional di Bangkok, Thailand
Established regional office in Shanghai, China
2007
Membuka kantor regional di Shanghai, Cina
Established our manufacturing plant in Ho Chi Minh City, Vietnam
2008
Membangun fasilitas manufaktur di Ho Chi Minh City, Vietnam
Established Linc Group International Pte. Ltd., a regional logistic subsidiary based in Singapore
2008
Mendirikan Linc Group International Pte. Ltd., sebuah anak perusahaan regional di bidang logistik yang berbasis di Singapura
The Company continues to review investment opportunities in the regional market
Going Forward Langkah selanjutnya
Perseroan terus mengkaji peluang investasi di pasar regional
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Financial Highlights Ikhtisar Keuangan
2009
2008
2007
2006
2005
3.746.865
4.458.094
2.712.536
2.413.259
2.166.528
3.180.406 566.459 429.467 136.992 85.925 110
3.523.168 934.926 413.762 521.164 145.846 187
2.195.855 516.681 328.348 188.333 71.670 92
2.051.762 361.497 273.479 88.018 29.677 38
1.750.828 415.700 264.506 151.194 52.425 67
3.081.130 1.479.211 206.360 1.395.559 2.125.280 1.319.201 806.079 192.507
3.440.010 2.112.208 189.435 1.138.367 2.485.725 1.879.789 605.936 154.895
2.135.084 1.130.674 201.576 802.834 1.444.343 1.363.316 81.027 94.601
1.830.516 1.054.775 133.545 642.196 1.233.125 950.826 282.299 90.788
1.608.866 944.555 86.023 578.288 1.042.374 771.136 271.238 70.252
763.343
799.390
596.140
506.603
496.240
NERACA KONSOLIDASI (Rp juta) Jumlah Aset Aset Lancar Penyertaan Saham Aset Tidak Lancar Jumlah Kewajiban Kewajiban Lancar Kewajiban Tidak Lancar Hak Minoritas atas Aset Bersih Anak Perusahaan Ekuitas
BUSINESS RATIO Return on Assets (%) Return on Equity (%) Gross Profit Margin (%) Operating Profit Margin (%) Net Profit Margin (%) Current Ratio (%) Total Liabilities / Total Assets Debt Equity Ratio
2,79 11,26 15,12 3,66 2,29 112 68,98 278,42
4,24 18,24 20,97 11,69 3,27 112 72,26 310,95
3,36 12,02 19,05 6,94 2,64 83 67,65 242,28
1,62 5,86 14,98 3,65 1,23 111 67,36 243,41
3,26 10,56 19,19 6,98 2,42 122 64,79 210,05
RASIO USAHA Imbal-hasil atas Aset (%) Imbal-hasil atas Ekuitas (%) Margin Laba Kotor (%) Margin Laba Usaha (%) Margin Laba Bersih (%) Rasio Lancar (%) Jumlah Kewajiban / Jumlah Aset (%) Jumlah Kewajiban / Ekuitas (%)
CAPITAL STOCK (Rp million) Authorized Capital Issued and Fully Paid Capital
600.000 195.000
600.000 195.000
600.000 195.000
600.000 195.000
600.000 195.000
CONSOLIDATED INCOME STATEMENTS (Rp million) Revenues from Sales, Commissions & Services Cost of Sales & Services Gross Profit Operating Expenses Income from Operation Net Income Earning per Share (Rp) CONSOLIDATED BALANCE SHEETS (Rp million) Total Assets Current Assets Investments in Shares of Stock Non-Current Assets Total Liabilities Current Liabilities Non-Current Liabilities Minority Interest in Net Assets of Subsidiaries Stockholders’ Equity
Net Income / Laba Bersih (in Billion Rp / dalam miliar Rp) 150 140 130 120 110 100 90 80 70 60 50 40 30 20 10 0
8
Revenues / Pendapatan (in Billion Rp / dalam miliar Rp)
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MODAL SAHAM (Rp juta) Modal Dasar Modal Ditempatkan dan Disetor Penuh
Stockholders’ Equity / Ekuitas (in Billion Rp / dalam miliar Rp)
5000
5000
900
4500
4500
800
4000
4000
700
3500
3500
600
3000
3000
500
2500
2500
400 300
2000
2000
1500
1500
200
1000
1000
100
0
05 06 07 08 09
Total Assets / Jumlah Aset (in Billion Rp / dalam miliar Rp)
LAPORAN LABA RUGI KONSOLIDASI (Rp juta) Pendapatan dari Penjualan, Komisi & Jasa Beban Pokok Penjualan & Jasa Laba Kotor Beban Usaha Laba Usaha Laba Bersih Laba Bersih per Saham (Rp)
05 06 07 08 09
Annual Report 2009
0
05 06 07 08 09
0
05 06 07 08 09
Stock Highlights / Ikhtisar Saham Capital Stock
As of 31 December 2009 Per 31 Desember 2009
Authorized capital (shares) Issued and fully paid capital
Modal Saham
Modal dasar (lembar) Modal ditempatkan dan disetor penuh
2.400.000.000 780.000.000
Shareholders composition
Shares / Lembar
Percentage / Persentase
Susunan kepemilikan
PT Caturkarsa Megatunggal Joan Fudiana (President Commissioner) Adyansyah Masrin (Vice President Commissioner) Indrawan Masrin (President Director) Jimmy Masrin (Vice President Director) Public
491.670.400 14.716.000 7.945.600 4.420.000 1.248.000 260.000.000
63,03% 1,89% 1,02% 0,57% 0,16% 33,33%
PT Caturkarsa Megatunggal Joan Fudiana (Presiden Komisaris) Adyansyah Masrin (Wakil Presiden Komisaris) Indrawan Masrin (Presiden Direktur) Jimmy Masrin (Wakil Presiden Direktur) Masyarakat
Total
780.000.000
100,00%
Jumlah
Initial Public Offering (IPO) / Penawaran Umum Perdana Offering Period
30 June / Juni - 2 July / Juli 1997
Allotment Date
9 July / Juli 1997
Tanggal Penjatahan
Listing Date: at Jakarta and Surabaya Stock Exchange Amounting 150,000,000 Registered Shares
21 July / Juli 1997
Tanggal Pencatatan: di Bursa Efek Jakarta dan Surabaya Sebanyak 150.000.000 Saham Biasa Atas Nama
Bonus Share 5:8 Total Bonus Shares 240,000,000 Registered Shares
27 January / Januari 1999
Stock Split Nominal Value @ Rp250 The Company Currently has 780,000,000 Registered Shares Listed on The Stock Exchange
8 November / Nopember 1999
Scriptless Trading
Masa Penawaran
Saham bonus 5:8 Total Saham Bonus 240.000.000 Saham Biasa Atas Nama Stock Split Nilai Nominal @ Rp250 Perseroan Mencatatkan Seluruh Sahamnya di Bursa Efek Sebanyak 780.000.000 Lembar
30 January / Januari 2001
Perdagangan Saham Tanpa Warkat
PT LAUTAN LUAS Tbk’s Stock Price and Transaction Volume, 2008 - 2009 Jumlah Transaksi dan Harga Saham PT LAUTAN LUAS Tbk Periode 2008 - 2009 Period / Periode
Kuartal I Kuartal II Kuartal III Kuartal IV
Highest / Tertinggi (Rp) 2009 2008 1060 950 890 880
465 1.460 1.480 800
Lowest / Terendah (Rp) 2009 2008 500 700 710 690
365 460 500 405
Total Transaction Volume / Jumlah Transaksi 2009 2008 (Shares) (Shares) 505.290.000 65.515.500 889.462.500 501.604.500 144.639.500 196.319.500 29.385.500 56.845.000
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Dividend Payment / Pembayaran Dividen No
Dividend Payment Year Tahun Pembayaran Dividen
Previous Year Cash Dividend Net Income / Share Laba Bersih Dividen Tunai Tahun Sebelumnya / Saham (Rp) (Rp)
Total Stock Jumlah Saham (Lembar)
Dividend Paid Dividen yang Dibayar (Rp)
Pay Out Ratio Perbandingan antara Dividen dengan Laba Bersih (%)
1
1997
11.110.091.291
10 15
100.000.000 50.000.000
1.000.000.000 750.000.000
9 7
2
1998
18.166.367.049
25
150.000.000
3.750.000.000
21
1999
93.077.776.097
100 33
150.000.000 390.000.000
15.000.000.000 12.870.000.000
16 30
4
2000
55.704.569.435
18
780.000.000
14.040.000.000
25
5
2001
26.009.337.457
7
780.000.000
5.460.000.000
21
6
2002
48.974.781.004
15,5
780.000.000
12.090.000.000
25
7
2003
19.450.748.621
5
780.000.000
3.900.000.000
20
8
2004
7.647.427.902
2
780.000.000
1.560.000.000
20
9
2005
51.915.953.207
17
780.000.000
13.260.000.000
25
10
2006
52.425.206.054
17
780.000.000
13.260.000.000
25
11
2007
29.676.768.193
8
780.000.000
6.240.000.000
21
12
2008
71.669.619.258
28
780.000.000
21.840.000.000
30
13
2009
145.846.444.796
57
780.000.000
44.460.000.000
30
3
Bond / Obligasi 3rd Bond
Date / Tanggal
Offering Period
17-19 March / Maret 2008
Allotment Date
24 March / Maret 2008
Tanggal Penjatahan
27 March / Maret 2008
Tanggal Pencatatan: di Bursa Efek Indonesia sebesar Rp500.000.000.000,-
Listing Date: at Indonesia Stock Exchange amounting to Rp500,000,000,000,Pefindo Rating
10
Obligasi III
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Masa Penawaran
Peringkat Pefindo
Significant Events 2009 Peristiwa Penting 2009
Lautan Luas Singapore Pte. Ltd., the Company’s Singapore Subsidiary, divested 25% of its shares in Jiangsu Jingshen Salt Industry Co. Ltd. and 27% of its shares in Hongze Ri Hui Additive Chemical Industry Co. Ltd.
JANUARY JANUARI
Lautan Luas Singapore Pte. Ltd., anak perusahaan Perseroan di Singapura, mendivestasikan 25% sahamnya di Jiangsu Jingshen Salt Industry Co. Ltd. dan 27% sahamnya di Hongze Ri Hui Additive Chemical Industry Co. Ltd.
The Company increased its paid - up capital in Lautan Luas Singapore Pte. Ltd. by S$8.7 million Amounting to S$30.7 million.
JULY JULI
Perseroan meningkatkan modal disetor Lautan Luas Singapore Pte. Ltd. senilai S$8,7 juta sehingga jumlahnya menjadi S$30,7 juta.
Lautan Luas Singapore sold 9% of its shares in Lautan Hongze Chemical Industry to its local partner, reducing its stake to 51%. Lautan Hongze increased its capital by RMB50 million, of which RMB25.5 million was subscribed by Lautan Luas Singapore Pte. Ltd.
JULY JULI
Lautan Luas Singapore menjual 9% sahamnya di Lautan Hongze Chemical Industry kepada mitra lokal, sehingga kepemilikannya menjadi 51%. Lautan Hongze meningkatkan modalnya sebesar RMB50 juta, sebesar RMB25,5 juta disetor oleh Lautan Luas Singapore Pte. Ltd.
PT Lautan Jasaindo established PT Kujang Tirta Sarana, a new water utility company in Cikampek, West Java.
OCTOBER OKTOBER
PT Lautan Jasaindo mendirikan PT Kujang Tirta Sarana, sebuah perusahaan baru di bidang penyediaan air bersih di Cikampek, Jawa Barat.
PT Cipta Mapan Logistik (”CML”) increased its paid-capital to Rp63.8 billion.
OCTOBER OKTOBER
PT Cipta Mapan Logistik (”CML”) meningkatkan modal disetor menjadi Rp63,8 miliar.
To strengthen its business as supply chain provider, PT Cipta Mapan Logistik established PT Linc Bintang Line, a freight shipping company.
NOVEMBER NOPEMBER
Guna memperkuat usahanya sebagai penyedia jasa rantai pasok, PT Cipta Mapan Logistik mendirikan PT Linc Bintang Line, sebuah perusahaan perkapalan.
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The Corporate’s Structure Struktur Perusahaan
The Corporate’s Structure
Shareholders Pemegang saham
PT LAUTAN LUAS Tbk Distributor and Manufacturer of Specialty and Basic Chemicals as well as Support and Service Business
Struktur Perusahaan
PT LAUTAN LUAS Tbk PT Caturkarsa Megatunggal 63,03% Management / Manajemen 3,64% Public / Masyarakat 33,33%
Distributor dan Manufaktur Bahan Kimia Khusus dan Dasar, serta Usaha Pendukung dan Jasa
Ownership by Kepemilikan PT LAUTAN LUAS Tbk
DISTRIBUTION
DISTRIBUSI
SUBSIDIARY Lautan Luas Singapore Pte. Ltd. Distributes specialty & basic chemicals •
100%
ANAK PERUSAHAAN Lautan Luas Singapore Pte. Ltd. • Distribusi bahan kimia khusus dan dasar
AFFILIATE PT PKG Lautan Indonesia Distributes solvent chemicals •
49%
AFILIASI PT PKG Lautan Indonesia • Distribusi bahan kimia solvent
MANUFACTURING SUBSIDIARIES PT Advance Stabilindo Industry Produces specialty chemicals for plastic and • PVC industry •
MANUFAKTUR 98,6%
ANAK PERUSAHAAN PT Advance Stabilindo Industry • Memproduksi bahan kimia khusus untuk industri plastik dan PVC
PT Daiti Carbon Nusantara Produces activated carbon •
99,93%
PT Daiti Carbon Nusantara • Memproduksi karbon aktif
PT Dunia Kimia Jaya Produces specialty chemicals for various • industries •
99,9%
PT Dunia Kimia Jaya • Memproduksi bahan kimia khusus untuk berbagai industri
PT Dunia Kimia Utama Produces sulfuric acid and aluminium sulfate •
55,0%
PT Dunia Kimia Utama • Memproduksi asam sulfat dan aluminium sulfat
PT Indonesian Acids Industry Produces sulfuric acid, aluminium sulfate, • potash alum •
60,0%
PT Indonesian Acids Industry • Memproduksi asam sulfat, aluminium sulfat, potash alum
PT Kryton Lautan Indonesia Produces specialty cements, • concrete additives, specialty paints/coating •
55,0%
PT Kryton Lautan Indonesia • Memproduksi semen khusus, aditif beton, cat/pelapis khusus
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PT Lautan Sulfamat Lestari Produces sulfamic acid •
99,0%
PT Lautan Sulfamat Lestari • Memproduksi asam sulfamat
PT Liku Telaga Produces sulfuric acid, aluminium sulfate, • sodium silicate (liquid and solid), potash alum •
50,5%
PT Liku Telaga • Memproduksi asam sulfat, aluminium sulfat, sodium silicate (cair dan padat), potash alum
PT Metabisulphite Nusantara Produces sodium metabisulphite •
80,0%
PT Metabisulphite Nusantara • Memproduksi sodium metabisulphite
PT Pacinesia Chemical Industry Poly aluminium chloride (liquid and powder), • gypsum plaster • PT White Oil Nusantara Produces white oil •
99,975%
93,0%
AFFILIATES
PT Pacinesia Chemical Industry • Memproduksi poly aluminium Chloride (cair dan bubuk), plaster gipsum PT White Oil Nusantara • Memproduksi white oil
AFILIASI
PT Findeco Jaya Produces alkyl benzene sulfonate •
35,0%
PT Findeco Jaya • Memproduksi alkyl benzen sulfonate
PT Indonesia Ethanol Industry Produces pure ethanol •
23,0%
PT Indonesia Ethanol Industry • Memproduksi pure etanol
PT Lautan Otsuka Chemical Produces azodicarbonamide (blowing agent) •
30,0%
PT Lautan Otsuka Chemical • Memproduksi azodicarbonamide (blowing agent)
PT Mahkota Indonesia Produces sulfuric acid, aluminium sulfate, • sodium silicate, ferro sulfate, potash alum •
40,0%
PT Mahkota Indonesia • Memproduksi asam sulfat, aluminium sulfat, natrium silikat, fero sulfat, potash alum
PT Roha Lautan Pewarna Produces food and pharmaceutical coloring • agents, textile coloring agents •
30,0%
PT Roha Lautan Pewarna • Memproduksi zat pewarna makanan dan obat-obatan, Zat pewarna tekstil
PT Sibelco Lautan Minerals Produces washed sands, silica flour, • fieldpar flour •
20,0%
PT Sibelco Lautan Minerals • Memproduksi washed sands, tepung silika, tepung fieldpar,
SUPPORT AND SERVICES
USAHA PENDUKUNG DAN JASA
SUBSIDIARIES
ANAK PERUSAHAAN
PT Cipta Mapan Logistik Logistic & supply chain management •
99,998%
PT Cipta Mapan Logistik • Jasa logistik dan manajemen rantai pasok
PT Hydro Hitech Optima Water treatment solution •
99,98%
PT Hydro Hitech Optima • Solusi penyedia air bersih
PT Lautan Jasaindo Support and laboratory, specialty chemicals •
99,82%
PT Lautan Jasaindo • Jasa pendukung dan laboratorium, bahan kimia khusus
PT Strategic Partner Solution Information technology solution •
95,0%
PT Strategic Partner Solution • Solusi teknologi informasi
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Management Structure Struktur Manajemen
Board of Commissioner Dewan Komisaris Audit Committee Komite Audit
President Director Presiden Direktur
Vice President Director Wakil Presiden Direktur Internal Audit Audit Internal
Managing Director Direktur Pengelola
Sales & Marketing / Commercial Director Direktur Penjualan & Pemasaran / Komersial
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Business Development & Manufacturing Director Direktur Pengembangan Usaha & Manufaktur
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Operations & Support Director Direktur Operasional & Pendukung
The Board of Commissioners’ Report Laporan Dewan Komisaris
JOAN FUDIANA President Commissioner Presiden Komisaris
Dear Valued Stakeholders,
Para Stakeholder yang Terhormat,
The year 2009 was a very challenging year for businesses in Indonesia, including for PT LAUTAN LUAS Tbk (“the Company”). With relatively high inventories entering the year due to the economic crisis which began in the preceding quarter, the Company was required to focus its efforts on the improvement of its inventory position in semester I/2009.
Tahun 2009 merupakan tahun yang penuh tantangan bagi kalangan bisnis di Indonesia, termasuk PT LAUTAN LUAS Tbk (“Perseroan”). Menanggung persediaan yang relatif besar pada awal tahun akibat dari krisis ekonomi yang terjadi sejak kuartal sebelumnya, Perseroan perlu fokus untuk memperbaiki posisi persediaan tersebut pada semester I/2009.
Despite the weakened demand due to the tight credit imposed by banks on the Company’s customers, the Company was able to bring its inventory days back to its normal level by the beginning of quarter III/2009. As a result, the Company was also successful in bringing down its debt level. This achievement did not only drive the Company’s business to be more resilient but also allowed it to rapidly move forward as the macroeconomic environment picked up in semester II/2009.
Di tengah melemahnya permintaan akibat pengetatan kredit perbankan terhadap pelanggan Lautan Luas, Perseroan berhasil menurunkan inventory days ke tingkat yang wajar pada awal kuartal III/2009. Dengan demikian, Perseroan berhasil pula menurunkan tingkat hutangnya. Pencapaian ini bukan hanya membuat usaha Perseroan lebih kokoh, tetapi juga memungkinkannya segera bergerak maju ketika kondisi ekonomi makro membaik pada semester II/2009.
The Company’s successful efforts in swiftly overcoming the situation allowed it to resume business expansion that had been rescheduled, including investments in PT Indonesia Ethanol Industry and Lautan Luas Vietnam Co. Ltd. In addition, in 2009 the Company also resumed its expansion projects in the Support and Services business segment.
Keberhasilan Perseroan dalam bergerak dengan cepat mengatasi keadaan tersebut memungkinkan diteruskannya ekspansi usaha yang sebelumnya sempat ditunda, termasuk investasi di PT Indonesia Ethanol Industry dan Lautan Luas Vietnam Co. Ltd. Selain itu, pada 2009 Perseroan juga meneruskan proyek ekspansinya di segmen usaha Pendukung dan Jasa. PT LAUTAN LUAS Tbk
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Meanwhile, to ensure that Lautan Luas would be well positioned as the business environment improves, the Company continued to make investments in human resources development and technology, in effect further improving its efficiency and competitiveness.
Sementara itu, guna memastikan bahwa Lautan Luas berada pada posisi yang baik ketika dunia usaha mulai membaik, Perseroan terus melakukan investasi pada pengembangan sumber daya manusia dan teknologi, dengan begitu kian meningkatkan efisiensi dan daya saing.
We would like to take this opportunity to express our appreciation and gratitude to the Board of Directors and employees at all levels for their hard work and dedication that resulted in a respectable performance in a very challenging condition. Finally, we encourage the promotion of creativity to ensure that Lautan Luas will continue to be one of the leading regional integrated chemical distribution and manufacturing companies in line with the Company’s vision.
Pada kesempatan ini, kami ingin menyampaikan penghargaan dan terima kasih kepada Direksi dan seluruh karyawan atas kerja keras dan dedikasinya yang telah memungkinkan Perseroan meraih kinerja yang baik dalam kondisi yang sangat menantang. Akhir kata, marilah kita tingkatkan terus kreativitas sehingga Lautan Luas dapat menjadi salah satu perusahaan distribusi dan manufaktur bahan kimia terintegrasi yang terkemuka secara regional sesuai dengan visi Perseroan.
Jakarta, April 2010
JOAN FUDIANA President Commissioner Presiden Komisaris
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The Board of Commissioners Dewan Komisaris
An Indonesian citizen, Joan graduated from the Faculty of Economics at St John’s University, Shanghai, China in 1949. She co-founded the Company in 1951. From 1961 to 1979, she was a Director; from 1979 to 1992, Vice President Director; from 1992 to 1997, Commissioner; from 1997 to 2007, Vice President Commissioner; and since 2007, the President Commissioner of the Company. Currently, Joan is also on the Board of Commissioners or Directors of several companies in the Lautan Luas Group. As President Commissioner, Joan is active in overseeing the Company’s new business development and general operations.
An Indonesian citizen, Adyansyah graduated from Tuan Mong School, Singapore in 1936, he founded the Company in 1951. From 1979 to 1996, he was the President Director; from 1996 to 2007, President Commissioner; and since 2007, the Vice President Commissioner of the Company. Currently, Adyansyah is also on the Board of Commissioners of several companies in the Lautan Luas Group. As Vice President Commissioner, Adyansyah is active in overlooking the company’s distribution and manufacturing activities.
JOAN FUDIANA President Commissioner Presiden Komisaris
Joan, Warga Negara Indonesia, lulus dari Fakultas Ekonomi St. John University, Shanghai, China pada tahun 1949. Turut mendirikan Lautan Luas pada tahun 1951. Kemudian menjabat sebagai Direktur (1961 - 1979), Wakil Presiden Direktur (1979 - 1992), Komisaris (1992 - 1997), Wakil Presiden Komisaris (1997 - 2007), dan sejak 2007 menjabat sebagai Presiden Komisaris Perseroan. Saat ini, Joan termasuk dalam jajaran Dewan Komisaris atau Direksi beberapa perusahaan di Grup Lautan Luas. Sebagai Presiden Komisaris, Joan terlibat secara aktif mengawasi perkembangan bisnis baru dan kegiatan operasional Perseroan.
ADYANSYAH MASRIN Vice President Commissioner Wakil Presiden Komisaris
Adyansyah, Warga Negara Indonesia, lulus dari Tuan Mong School, Singapore pada tahun 1936. Mendirikan Lautan Luas pada tahun 1951. Kemudian menjabat sebagai Presiden Direktur (1979 - 1996), Presiden Komisaris (1996 - 2007) dan sejak tahun 2007 menjabat sebagai Wakil Presiden Komisaris Perseroan. Saat ini, Adyansyah termasuk dalam jajaran Dewan Komisaris beberapa perusahaan di Grup Lautan Luas. Sebagai Wakil Presiden Komisaris, Adyansyah terlibat secara aktif mengawasi kegiatan manufaktur dan distribusi Perseroan.
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An Indonesian citizen, Pranata graduated from Monash University, Melbourne, Australia, with a Bachelor of Economics in 1979 and the University of Chicago, Chicago, USA, with a Master of Business Administration in 1982, Pranata Hajadi started his career as an Auditor at Price Waterhouse & Co., Melbourne and Jakarta offices (1979 - 1980). He joined the First National Bank of Chicago, first as its Representative in the Jakarta office (1983 - 1985), then was transferred to the Banks’ Singapore office in their Corporate Banking Department (1986 - 1987) and to Hong Kong regional office as the Head of International Private Banking Asia (1988 - 1989). Between 1989 and 1996, he was a partner at Business Advisory Group Singapore, a regional boutique financial advisory company. Pranata joined PT LAUTAN LUAS Tbk as an advisor in 1989. Before being appointed as a Commissioner of the Company in 2007, he was the Vice President Director (1996 - 2007). As a Commissioner, Pranata is overlooking the Company's financial planning and corporate strategy.
PRANATA HAJADI Commissioner Komisaris
Pranata, Warga Negara Indonesia, lulus dari Monash University, Melbourne, Australia dengan memperoleh gelar Bachelor of Economics pada tahun 1979 dan University of Chicago, Illinois, Amerika Serikat dengan memperoleh gelar Master of Business Administration pada tahun 1982. Pranata memulai karirnya sebagai Auditor di Price Waterhouse & Co di Melbourne dan Jakarta (1979 - 1980). Kemudian bergabung sebagai Perwakilan The First National Bank of Chicago di Jakarta (1983 - 1985), Divisi Corporate Banking di Singapura (1986 - 1987) dan Pimpinan International Private Banking Asia di kantor regional Hong Kong (1988 - 1989), dan bergabung dengan Business Advisory Group, sebuah perusahaan konsultan keuangan, di Singapura sebagai mitra kerja (1989 - 1996). Bergabung dengan Lautan Luas pada tahun 1989 sebagai penasihat dan menjadi Wakil Presiden Direktur pada tahun 1996 - 2007. Sejak tahun 2007, beliau menjabat sebagai Komisaris Perseroan. Sebagai Komisaris, Pranata terlibat secara aktif mengawasi perencanaan keuangan dan strategi Perseroan. 18
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An Indonesian citizen, Zakir graduated from Indonesia Banking Academy, Jakarta in 1954. He has been on the Company’s Board of Commissioners since 1997. Previous to joining the Company, Zakir was a Director of Firma All Indonesia Corporation (Allinco) from 1951 to 1970, Director of Maskapai Pelayaran Sumatra from 1958 to 1968, President Director of PT Pelayaran Nusantara Sejati from 1967 to 1985, and Director of Sari International Shipping from 1970 to 1985. Currently, he is also Director of PT Taman Olahraga Jagorawi since 1980. As the Company’s Independent Commissioner, Zakir continues to be active in the Company’s compliance and corporate governance, and is also the Chairman of the Company’s Audit Committee.
ZAKIR Independent Commissioner Komisaris Independen
Zakir, Warga Negara Indonesia, lulus dari Akademi Perbankan Indonesia di Jakarta pada tahun 1954. Beliau tergabung dalam jajaran Dewan Komisaris Perseroan sejak tahun 1997. Sebelum bergabung dengan Perseroan, beliau pernah menjabat sebagai Direktur Firma All Indonesia Corporation atau Allinco (1951 - 1970), Direktur Maskapai Pelayaran Sumatra (1958 - 1968), Presiden Direktur Sari International Shipping (1970 - 1985). Sejak tahun 1980 hingga sekarang, beliau juga menjabat sebagai Direktur PT Taman Olahraga Jagorawi. Sebagai Komisaris Independen Perseroan dan Ketua Komite Audit Perseroan, Zakir terlibat secara aktif dalam kepatuhan dan tata kelola Perusahaan.
An Indonesian citizen, Hari graduated from Diponegoro University, Semarang, Central Java in 1977, where he majored in Chemical Engineering. He was appointed the Company’s Independent Commissioner at the 2008 Annual General Meeting of Shareholders. Hari began his career in the government, where he held several key positions within The Ministry of Industry (formerly The Ministry of Trade and Industry). From 1992 to 1994, he was Director of Agrochemical Industries; from 1994 to 1998, Kepala Biro Tata Usaha BUMN; in 1998, Director of Leather Industries; from 1998 to 2000, Director of Downstream Chemical Industries; from 2000 to 2002, Secretary of Directorate General of Chemical, Agro and Forestry Product Industries; from 2002 to 2004, Director of Chemical Based, Agriculture and Plantation Industries; in 2005, Ad Interim Director of Food and Tobacco Industries; and from 2005 to 2007, Director of Upstream Chemical Industries for The Ministry of Industry.
Ir. Hari was also active at a number of state-owned enterprises. From 1986 to 1993, he was appointed Secretary of Board of Commissioners of PT Pupuk Iskandar Muda; from 1993 to 1997, Commissioner of PT Petrokimia Gresik; in 1997, Commissioner of PT Pupuk Kalimantan Timur; and from 1997 to 1999, Commissioner of PT Pupuk Sriwijaya. He also served as Chairman of the Audit Committee of PT Pupuk Sriwijaya from 1999 to 2004. As Independent Commissioner of the Company, Hari is active in the Company’s government and industrial relations, as well as areas relating to technical, marketing and business development.
HARI SLAMET WIDODO Independent Commissioner Komisaris Independen
Hari, Warga Negara Indonesia, lulus dari Universitas Diponegoro, Semarang, Jawa Tengah pada tahun 1977 dengan menekuni studi di bidang Teknik Kimia. Pada Rapat Umum Pemegang Saham tahun 2008, beliau ditunjuk sebagai Komisaris Independen Perseroan. Hari memulai karirnya di pemerintahan, ketika ia menduduki beberapa posisi utama di Departemen Perindustrian (Dahulu Departemen Perindustrian dan Perdagangan). Sebelumnya beliau pernah menjabat sebagai Direktur Industri Agrokimia (1992 - 1994), Kepala Biro Tata Usaha BUMN (1994 - 1998), Direktur Industri Kulit (1998), Direktur Industri Kimia Hilir (1998 - 2000), Sektretaris Direktorat Jendral Industri Kimia, Agro, dan Produk Kehutanan (2000 - 2002), Direktur Industri Perkebunan, Agrikultur dan Kimia (2000 -2004) Direktur Ad Interim Industri Makanan dan Tembakau (2005), dan Direktur Industri Kimia Hulu di Departemen Perindustrian (2005 - 2007).
Hari juga terlibat aktif di beberapa badan usaha milik negara dan pernah menjabat sebagai Sekretaris Dewan Komisaris PT Pupuk Iskandar Muda (1986 - 1993), Komisaris PT Petrokimia Gresik (1993 - 1997), Komisaris PT Pupuk Kalimantan Timur (1997), Komisaris PT Pupuk Sriwijaya (1997 - 1999), dan Ketua Komite Audit PT Pupuk Sriwijaya (1999 - 2004). Sebagai Komisaris Independen Perseroan, Hari terlibat secara aktif dalam hubungan dengan kalangan industri dan pemerintahan di Perseroan, terkait dengan bidang pengembangan bisnis, pemasaran dan teknis.
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The Board of Directors’ Report Laporan Direksi
INDRAWAN MASRIN President Director Presiden Direktur
Dear Valued Stakeholders,
Para Stakeholder yang Terhormat,
The year 2009 was a very challenging time for the world
Tahun 2009 merupakan masa yang penuh tantangan bagi
in general, including for Indonesia, and the ensuing economic crisis also affected PT LAUTAN LUAS Tbk.
perekonomian dunia pada umumnya, termasuk Indonesia. Dan krisis ekonomi yang terjadi berdampak pula pada PT LAUTAN LUAS Tbk.
The country’s relatively weak economy throughout semester I/2009 made the Company’s industrial end-users suffer from tightened liquidity and high interest rates. This caused demand in certain sectors to decline and resulted in relatively high inventories during that period.
Perekonomian nasional yang melemah sepanjang semester I/2009 mengakibatkan kalangan industri yang menjadi pelanggan Perseroan terkena pengetatan likuiditas dan suku bunga tinggi. Keadaan ini membuat permintaan di sektor usaha tertentu menurun sehingga pada periode tersebut, persediaan Perseroan menjadi relatif tinggi.
Despite the unfavorable economic condition, to maintain its dynamic business activities, the Company successfully managed its working capital position while tightly controlling both its procurement and production of goods. The measures effectively reduced Lautan Luas’ inventory to its normal level, and also allowed the Company to improve cash-flow, reduce leverage, and secure its financial stability, by the end of semester I/2009.
Di tengah kondisi eksternal yang kurang kondusif tersebut, guna mempertahankan aktivitas usahanya yang dinamis, Perseroan berhasil mengelola posisi modal kerjanya serta mengendalikan secara ketat pengadaan maupun produksi barang. Langkah yang diambil ini secara efektif mengembalikan persediaan ke tingkat normal serta memungkinkan Perseroan memperbaiki arus kas, mengurangi leverage, dan menjaga stabilitas keuangannya pada akhir semester I/2009.
The declining demand and weakening US dollar against rupiah resulted in a decline in the Company’s Revenue (from Sales, Commission and Services),
Menurunnya permintaan dan melemahnya nilai dollar AS membuat Pendapatan Perseroan (dari Penjualan, Komisi dan Jasa), yang sebagian besar dalam mata uang dollar
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which is largely denominated in US dollar. Revenue declined by 15.9%, i.e. from Rp4,458 billion to Rp3,747 billion, and
AS mengalami penurunan. Jumlah Pendapatan menurun 15,9%, yaitu dari Rp4.458 miliar menjadi Rp3.747 miliar,
in turn contributed to the 41.1% decrease in the Company’s Net Income in 2009, from Rp146 billion to Rp86 billion. However, compared to the Rp72 billion Net Income achieved in 2007, the 2009 Net Income is still ahead by 19.9%.
dan pada gilirannya membuat Laba Bersih Perseroan pada 2009 mengalami penurunan 41,1%, dari Rp146 miliar menjadi Rp86 miliar. Namun demikian, dibanding Rp72 miliar yang diraih pada 2007, Laba Bersih pada 2009 tersebut masi h mengalami kenai kan 19,9%.
In more detail, in 2009 Lautan Luas’ distribution business segment’s revenue declined to Rp2,266 billion from Rp2,282 billion in 2008. The 0.7% decline was largely due to the decrease on sales to industries highly vulnerable to high interest rates and inflation, including the automotive, paper, and textile industries. Some industries that provided a more stable, or even higher, contribution during the peak of economic crisis in 2009 can be expected to become a more reliable revenue generator for the Company’s distribution business in the future. These are the agriculture and consumer goods industries.
Secara lebih rinci, pada 2009 pendapatan segmen usaha distribusi Lautan Luas menurun menjadi Rp2.266 miliar dari Rp2.282 miliar pada 2008. Penurunan sebesar 0,7% ini terutama disebabkan penurunan penjualan ke kalangan industri yang rentan terhadap suku bunga dan inflasi tinggi seperti industri otomotif, kertas, dan tekstil. Beberapa industri yang memberikan kontribusi yang stabil, atau bahkan lebih tinggi, selama puncak krisis ekonomi pada 2009, dan dapat diharapkan akan menjadi salah satu mesin pertumbuhan yang andal bagi usaha distribusi Perseroan di masa mendatang antara lain industri pertanian dan barang konsumsi.
The relatively adverse environment also negatively impacted the manufacturing business segment. The lower average production levels led the Company to post revenue of Rp1,185 billion, 37.2% lower than in the preceding year of Rp1,886 billion.
Kondisi eksternal yang relatif buruk juga memberikan dampak negatif terhadap segmen usaha manufaktur. Tingkat produksi rata-rata yang lebih rendah membuat Perseroan hanya membukukan Pendapatan Rp1.185 miliar, 37,2% lebih rendah dibanding pada tahun sebelumnya yang mencapai Rp1.886 miliar.
On the other hand, the economic slowdown did not have the same negative impact toward the Company’s Support & Service business segment. With its subsidiary on the logistic & supplychain, Linc Group, as the engine of growth, in 2009 the Company’s Support & Service business segment grew by 2.3%.
Di sisi lain, kelesuan ekonomi pada 2009 tidak memberikan dampak negatif yang berarti terhadap usaha Pendukung & Jasa Perseroan. Dimotori oleh anak perusahaan di bidang jasa usaha logistik & rantai pasok, Linc Group, segmen usaha Pendukung & Jasa Perseroan tumbuh 2,3%.
The Management is confident that the Support & Services business segment will play a more significant role in the Company’s future. Therefore, as the macroeconomic environment showed positive signs of recovery, Support & Services led the Company’s expansion program. In 2009, the Company also continuously made investments towards human capital improvement.
Manajemen yakin bahwa segmen usaha Pendukung & Jasa akan memainkan peran yang lebih besar terhadap masa depan Perseroan. Karena itu, begitu kondisi ekonomi makro menunjukkan tanda-tanda awal yang positif, usaha Pendukung & Jasa menjadi salah satu segmen usaha yang program ekspansinya mendapat prioritas tinggi. Pada 2009, Perseroan terus melakukan investasi untuk peningkatan sumber daya manusia.
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To boost the development in becoming a truly learning organization and to be more focused on the development
Guna mempercepat pengembangan menuju learning organization dan agar fokus pada pengembangan kepemimpinan, terutama
of leadership, in2009 Lautan Luas made a strategic shift on its human resources development efforts. Continuing education programs were decentralized, allowing these programs to be more focused and effective on their implementation.
pada upaya untuk menciptakan generasi pemimpin yang baru, pada 2009 Lautan Luas melakukan perubahan strategi dalam upaya pengembangan sumber daya manusianya. Program pendidikan berkelanjutan Perseroan mulai didesentralisasi sehingga lebih fokus dan efektif dalam penerapannya.
Finally, the Management would like to express our gratitude and appreciation to employees at all levels for their loyalty and dedication. We would also like to thank our partners, customers, shareholders, bondholders and all stakeholders for their unfailing supports to Lautan Luas over the years.
Akhir kata, Manajemen menyampaikan terima kasih dan penghargaan kepada seluruh karyawan atas loyalitas dan dedikasinya. Kami juga menyampaikan terima kasih kepada para mitra bisnis, pelanggan, pemegang saham, pemegang obligasi dan seluruh pemangku kepentingan atas dukungan mereka selama ini kepada Lautan Luas.
Jakarta, April 2010
INDRAWAN MASRIN President Director Presiden Direktur
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The Board of Directors Direksi
An Indonesia citizen, Indrawan graduated from Bradly University, Illinois, USA with a Master of Science in Mathematics in 1973. He joined the Company in 1975 as Marketing Manager. From 1985 to 1992, he was a Director; from 1992 to 1996, Vice President Director; and since 1996, the President Director of the Company. Currently, he is also on the Board of Commissioners or Directors of a number of companies in the Lautan Luas Group. As President Director, Indrawan directs the Company’s growth and expansion.
An Indonesia citizen, Jimmy graduated from University of Oklahoma, USA with a Bachelor of Arts in 1985 and from The American Graduate School of International Management (Thunderbird), Arizona, USA with a Master of International Management in 1987. Jimmy started his career with Dauphin Technology in Lombard,Illinois and between 1987 and 1989, he was their Marketing Manager. He joined the Lautan Luas Group in 1989 as Vice President Director of a subsidiary company. From 1990 to 1996, he was a Director; from 1996 to 2007, Managing Director; and since 2007, the Vice President Director of the Company. Currently, he is also on the Board of Commissioners or Directors of a number of companies in the Lautan Luas Group. As Vice President Director, Jimmy is active in the Company’s corporate strategy for new business development.
INDRAWAN MASRIN President Director Presiden Direktur
Warga Negara Indonesia, lulus dari Universitas Bradley, Illinois, Amerika Serikat pada tahun 1973 dan memperoleh gelar Master of Science di bidang studi Matematika. Bergabung dengan Perseroan pada tahun 1975 sebagai Manajer Pemasaran. Kemudian menjabat sebagai Direktur (1985 - 1992), Wakil Presiden Direktur (1992 - 1996), dan Presiden Direktur Perseroan sejak tahun 1996. Saat ini, Indrawan termasuk dalam jajaran Dewan Komisaris atau Direksi sejumlah perusahaan dalam Grup Lautan Luas. Sebagai Presiden Direktur, Indrawan memimpin pertumbuhan dan ekspansi Perseroan.
JIMMY MASRIN Vice President Director Wakil Presiden Direktur
Warga Negara Indonesia, lulus dari University of Oklahoma, Amerika Serikat dengan memperoleh gelar Bachelor of Arts pada tahun 1985 dan The American Graduate School of International Management (Thunderbird), Arizona, Amerika Serikat dengan memperoleh gelar Master of International Management pada tahun 1987. Jimmy memulai karirnya sebagai Manajer Pemasaran di Dauphin Technology, Lombard, Illinois pada tahun 1987 - 1989. Bergabung dengan Grup Lautan Luas pada tahun 1989 sebagai Wakil Presiden Direktur pada anak perusahaan. Kemudian menjabat sebagai Direktur (1990 - 1996), Direktur Pelaksana (1996 - 2007), dan Wakil Presiden Direktur Perseroan sejak tahun 2007. Saat ini, Jimmy termasuk dalam jajaran Dewan Komisaris atau Direksi sejumlah perusahaan di Grup Lautan Luas. Sebagai Wakil Presiden Direktur, Jimmy bertanggungjawab atas strategi Perseroan dalam perkembangan usaha baru Perseroan. PT LAUTAN LUAS Tbk
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An Indonesian citizen, Joshua graduated from the University of Minnesota with a Bachelor degree in Chemical Engineering in 1977 and from the University of Illinois with a PhD in Chemical Engineering in 1983. Joshua C. Asali joined PT LAUTAN LUAS Tbk in 1984 as a Sales Executive. Since then his career took him to become Sales Manager (1987 - 1992), Marketing Manager (1992 - 1996) and Marketing Director (1996 - 2007) before being appointed as the Managing Director and Business Development & Manufacturing Director of the Company in 2008. Currently, Joshua is also on the Board of Commissioners or Directors of several companies within Lautan Luas Group. As Managing Director, Joshua leads the Company's operations on a day-to-day basis, championing areas such as human resources. Meanwhile, as Business Development & Manufacturing Director, he is also responsible for new development and growth of the Company's manufacturing activities.
JOSHUA CHANDRAPUTRA ASALI Managing Director Business Development & Manufacturing Director Direktur Pengelola Direktur Pengembangan Usaha & Manufaktur
Warga Negara Indonesia, lulus dari University of Minnesota, Amerika Serikat dengan memperoleh gelar Sarjana Teknik Kimia pada tahun 1977 dan melanjutkan studinya di University of Illinois, Amerika Serikat dengan memperoleh gelar PhD di bidang Teknik Kimia pada tahun 1983. Bergabung dengan Perseroan pada tahun 1984 sebagai Sales Executive. Kemudian menjabat sebagai Manajer Penjualan (1987 - 1992), Manajer Pemasaran (1992 - 1996), Direktur Pemasaran (1996 - 2007), dan Direktur Pelaksana Perseroan sejak tahun 2007. Saat ini, Joshua termasuk dalam jajaran Dewan Komisaris atau Direksi beberapa perusahaan di Grup Lautan Luas. Sebagai Direktur Pelaksana, Joshua memimpin jalannya kegiatan operasional harian Perseroan dan sumber daya manusia. Sebagai Direktur Pengembangan Usaha dan Manufaktur, Joshua bertanggung jawab atas pengembangan usaha baru dan pertumbuhan kegiatan manufaktur Perseroan. 24
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An Indonesian citizen, Herman graduated from the Faculty of Technology at Trisakti University, Jakarta with a Bachelor in Electrical Engineering in 1985 and from The American Graduate School of International Management (Thunderbird), Arizona, USA with a Master of International Management in 1987. He joined the Company in 1988 as Assistant Manager of Finance. From 1993 to 2002, he was the Finance Manager; from 2002 to 2007, Director of Operations; and since 2007, the Operations & Support Director of the Company. Currently, he is also on the Board of Commissioners or Directors of several companies in the Lautan Luas Group and serves as the Company’s Corporate Secretary. As Operations & Support Director, Herman oversees the financial, operational, and administrative affairs of the Company.
HERMAN SANTOSO Operations & Support Director Direktur Operasional & Pendukung
Warga Negara Indonesia, lulus dari Fakultas Teknologi, Universitas Trisakti, Jakarta dengan memperoleh gelar Sarjana Teknik Elektro pada tahun 1985 dan The American Graduate School of International Management (Thunderbird), Arizona, Amerika Serikat dengan memperoleh gelar Master of International Management pada tahun 1987. Bergabung dengan Perseroan pada tahun 1988 sebagai Asisten Manajer Keuangan. Kemudian menjabat sebagai Manajer Keuangan (1993 - 2002), Direktur Operasional (2002 - 2007), dan Direktur Operasional dan Support Perseroan sejak tahun 2007. Saat ini, Herman termasuk dalam jajaran Dewan Komisaris atau Direksi beberapa perusahaan di Grup Lautan Luas dan menjabat sebagai Sekretaris Perusahaan. Sebagai Direktur Operasional dan Support, Herman bertanggungjawab atas keuangan, operasional, dan administrasi Perseroan.
An Indonesian citizen, Soewandhi graduated from Oregon State University, USA with a Bachelor in Chemical Engineering in 1990. He joined the Company in 1991 as a Sales Executive. From 1996 to 2000, he was a Sales Manager; from 2000 to 2003, Marketing Manager; from 2003 till 2006, a Strategic Business Unit Head; and since 2007, the Sales & Marketing/ Commercial Director of the Company. Currently, he is also on the Board of Directors of several companies in the Lautan Luas Group. Soewandhi is responsible for the Company’s sales and marketing activities and ensuring continued growth in market share.
SOEWANDHI SOEKAMTO Sales & Marketing / Commercial Director Direktur Penjualan & Pemasaran / Komersial
Warga Negara Indonesia, lulus dari Oregon State University, Amerika Serikat dengan memperoleh gelar Sarjana Teknik Kimia pada tahun 1990. Bergabung dengan Perseroan pada tahun 1991 sebagai Sales Executive. Kemudian menjabat sebagai Manajer Penjualan (1996 - 2000), Manajer Pemasaran (2000 - 2003), Pimpinan Unit Usaha Strategis (2003 - 2006) dan Direktur Niaga/ Penjualan & Pemasaran Perseroan sejak tahun 2007. Saat ini, Soewandhi termasuk dalam jajaran Dewan Direksi beberapa perusahaan di Grup Lautan Luas. Soewandhi bertanggung jawab atas aktivitas penjualan dan pemasaran Perseroan serta memastikan pertumbuhan berkelanjutan pangsa pasar Perseroan.
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Corporate Governance Tata Kelola Perusahaan
Good Corporate Governance (GCG) has always been considered as an important element for PT LAUTAN LUAS Tbk in achieving sustainable growth and becoming a leading regional integrated chemical distribution and manufacturing company, since its founding and especially after becoming a listed company in Indonesia Stock Exchange in 1997. At present, the Company has almost all GCG normative instruments required by Bapepam-LK, including the formation of Internal Audit and Audit Committee, as well as the appointment of Independent Commissioners.
Tata Kelola Perusahaan yang Baik (GCG) telah menjadi elemen yang penting bagi PT LAUTAN LUAS Tbk dalam mencapai pertumbuhan berkelanjutan dan menjadi perusahaan distribusi dan manufaktur bahan kimia terintegrasi yang terkemuka secara regional. Saat ini, Perseroan telah memiliki hampir semua perangkat normatif GCG yang dipersyaratkan oleh Bapepam-LK, termasuk Internal Audit dan Komite Audit, serta pengangkatan Komisaris Independen.
Overall, GCG practices at the Company are dynamic and continuously being improved. Moreover, with the tremendous challenge posed by the economic crisis, Lautan Luas’ people are more willing to make necessary changes and improve their competencies to meet the challenges faced.
Secara keseluruhan, praktek GCG di Lautan Luas terus meningkat. Lebih dari itu, dengan adanya tantangan besar yang terjadi akibat krisis ekonomi, karyawan Lautan Luas menjadi lebih terbuka terhadap perubahan yang harus dilakukan dan meningkatkan kompetensi mereka untuk menghadapi segala tantangan tersebut.
THE BOARD OF COMMISSIONERS
DEWAN KOMISARIS
The Board of Commissioners (”BOC”)’s duty is to monitor performance and provide to guidance the Board of Directors (”BOD”)’s. Formal communication between the BOC and the BOD is performed through regular meetings to review the BOD’s performance for the preceding months and the BOD’s plans for the immediate future.
Tugas Dewan Komisaris (”BOC”) adalah memantau kinerja dan memberikan nasihat kepada Direksi (”BOD”). Komunikasi formal antara BOC dan BOD dilakukan melalui rapat berkala guna mengkaji kinerja Direksi pada bulan sebelumnya dan rencana Direksi untuk bulan mendatang.
THE BOARD OF DIRECTORS
DIREKSI
Lautan Luas’ BOD is responsible for the Company’s overall performance and is tasked to ensure compliance with all internal policies and applicable external regulations. The BOD is also responsible for the implementation of strategies aligned with the corporate vision. The BOD consists of five members and reports to the BOC. In 2009, the BOD held official meetings monthly, in addition to frequent informal meetings throughout the year. The BOD also provided indepth updates to the BOC on a regular basis.
BOD Lautan Luas bertanggung jawab terhadap kinerja keseluruhan Perseroan dan bertugas untuk memastikan bahwa seluruh kebijakan internal maupun eksternal sesuai dengan ketentuan yang berlaku. BOD juga bertanggung jawab atas penerapan strategi untuk mencapai visi perusahaan. BOD Lautan Luas terdiri dari lima direktur yang bertanggung jawab kepada BOC. Pada 2009, BOD melakukan rapat resmi sekali dalam sebulan, selain pertemuanpertemuan yang bersifat informal. BOD juga secara rutin memberikan laporan yang mendalam kepada BOC.
AUDIT COMMITTEE
KOMITE AUDIT
Lautan Luas’ Audit Committee was established to support and facilitate the BOC in performing its supervisory function. The Company’s Audit Committee membership is entirely from independent parties who meet the qualifications according to the Bapepam-LK and chaired by an Independent Commissioner of the Company.
Komite Audit PT LAUTAN LUAS Tbk telah dibentuk untuk membantu dan memfasilitasi BOC dalam melaksanakan fungsi pengawasannya. Keanggotaan Komite Audit Perseroan seluruhnya berasal dari kalangan independen yang memenuhi persyaratan Bapepam-LK dan diketuai oleh seorang Komisaris Independen.
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Audit Committee duties and responsibilities are to provide professional, independent opinions to the BOC on reports and/or other information presented by the BOD, to identify matters that need the BOC attention, and carry out other assignments given by the BOC. Written questions and answers between the Audit Committee and Management were documented and followed by meetings to clarify them.
Komite Audit bertugas dan bertanggungjawab untuk memberikan opini yang professional dan independen kepada BOC mengenai laporan dan/atau hal-hal lain yang disampaikan BOD, untuk mengidentifikasi permasalahan yang membutuhkan perhatian BOC, dan melaksanakan tugas-tugas lain yang diberikan BOC. Pertanyaan dan jawaban tertulis antara Komite Audit dan Manajemen didokumentasikan dan ditindaklanjuti dalam rapat untuk menjelaskannya.
In 2009, the Audit Committee conducted several meetings with the Management, Internal and Independent Auditors of the Company. Throughout the year, the Audit Committee conducted the following activities: • Reviewed independent auditor’s reports and quarterly reports submitted to Bapepam-LK and Indonesia Stock Exchange, • Made evaluation on internal control systems and implementation of risk management. • Reviewed implementation of GCG practices and business ethics, • Reviewed adequacy of disclosures to the authorities.
Selama 2009, Komite Audit menyelenggarakan beberapa kali pertemuan dengan Manajemen, Audit Internal dan Auditor Independen. Sepanjang tahun tersebut, Komite Audit melakukan aktivitas berikut: • Menelaah laporan Auditor Independen dan laporan triwulanan yang diserahkan ke Bapepam-LK dan Bursa Efek Indonesia, • Mengevaluasi sistem pengendalian internal dan penerapan manajemen risiko. • Menelaah penerapan GCG dan etika bisnis, • Menelaah kecukupan keterbukaan kepada otoritas.
Through reviews by the Committee on the Company's financial reports it was determined that the Independent Auditor is professional in performing its duties and is independent, objective and transparent in discussing matters related with financial and accounting standard applications.
Berdasarkan penelaahan oleh Komite Audit terhadap laporan keuangan Perseroan ditemukan bahwa Auditor Independen telah bekerja secara profesional dalam menjalankan tugasnya serta independen, objektif dan transparan dalam mendiskusikan permasalahan yang terkait dengan aplikasi standar keuangan dan akuntansi.
Audit Committee of PT LAUTAN LUAS Tbk Komite Audit PT LAUTAN LUAS Tbk Zakir
Chairman of Audit Committee / Ketua Komite Audit
(Active through 3 July 2009) (menjabat hingga 3 Juli 2009)
Hari Slamet Widodo
Chairman of Audit Committee / Ketua Komite Audit
(Active since 3 July 2009) (menjabat sejak 3 Juli 2009)
Budhy Kurniawan Ratulangi
Member of Audit Committee / Anggota Komite Audit
Sjahdarma Yunir
Member of Audit Committee / Anggota Komite Audit
ZAKIR Chairman of Audit Committee Ketua Komite Audit
HARI SLAMET WIDODO Chairman of Audit Committee Ketua Komite Audit
BUDHY KURNIAWAN RATULANGI Member of Audit Committee Anggota Komite Audit
SJAHDARMA YUNIR Member of Audit Committee Anggota Komite Audit PT LAUTAN LUAS Tbk
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An Indonesian citizen, Budhy graduated from University of Toronto, Canada with a Bachelor of Commerce in 1977 and Society of Management Accountant, Canada with a Certified Management Accountant (CMA) in 1982. Budhy began his career in Indonesia in 1985. He has held a number of key positions at major multinationals, such as Citibank, Mercantile Club, and Chase Manhattan Bank. Since 1994 he has been an independent consultant for a number of companies in Indonesia. At present he is also an Audit Committee member for another Indonesian public company. Budhy has been a member of the Company’s Audit Committee since 2002. As a member of the Company’s Audit Committee, Budhy Reviews the Company’s and ensures as that its practices comply with capital market and stock exchange rules and regulations.
Budhy Kurniawan Ratulangi Member of Audit Committee Anggota Komite Audit
Warga Negara Indonesia, lulus dari University of Toronto, Canada dengan memperoleh gelar Bachelor of Commerce pada tahun 1977 dan Society of Management Accountant, Canada dengan memperoleh gelar Certified Management Accountant (CMA) pada tahun 1982. Budhy memulai karirnya di Indonesia pada tahun 1985 dan pernah menempati sejumlah posisi utama di perusahan multinasional seperti Citibank, Mercantile Club, dan Chase Manhattan Bank. Sejak tahun 1994, beliau telah menjadi konsultan independen untuk sejumlah perusahaan di Indonesia. Saat ini, beliau juga merupakan anggota komite audit dari perusahaan publik lainnya. Budhy telah menjadi anggota komite audit Perseroan sejak tahun 2002. Sebagai anggota komite audit Perseroan, Budhy menelaah operasional Perseroan dan memastikan Perseroan telah memenuhi peraturan dan ketentuan bursa saham dan pasar modal. 28
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An Indonesian citizen, Sjahdarma graduated from Lembaga Pendidikan Penerbangan Udara, Curug in 1972. Sjahdarma started his career with PT Sempati Air Transport and between 1972 and 1984, he was a pilot for a number of Indonesian airlines. From 1986 to 1990, he was General Manager of PT Golden Gate; from 1991 to 1995, President Director of PT Dianmas Panatabumi; from 1995 to 2000, Director of PT Unggul Indah Cahaya Tbk; and since 2000 till 2008 as a Director of PT BDP Indonesia. Sjahdarma has been member of the Company’s Audit Committee since 2007. As an Audit Committee member, Sjahdarma oversees and recommends measures to ensure Good Corporate Governance within the Company.
Sjahdarma Yunir Member of Audit Committee Anggota Komite Audit
Warga Negara Indonesia, lulus dari Lembaga Pendidikan Penerbang Udara, Curug pada tahun 1972. Sjahdarma memulai karirnya di PT Sempati Air Transport dan menjadi pilot di beberapa maskapai penerbangan Indonesia pada tahun 1972 - 1984. Kemudian beliau pernah menjabat sebagai General Manager PT Golden Gate (1986 - 1990), Presiden Direktur PT Dianmas Panatabumi (1991 - 1995), Direktur PT Unggul Indah Cahaya Tbk (1995 - 2000) dan Direktur PT BDP Indonesia (2000 - 2008). Sjahdarma telah menjadi anggota komite audit Perseroan sejak tahun 2007. Sebagai anggota komite audit, Sjahdarma mengawasi dan merekomendasikan langkahlangkah demi terlaksananya Good Corporate Governance (GCG) dalam Perseroan.
INTERNAL AUDIT
AUDIT INTERNAL
Internal Audit is an integral part of the Company’s internal control mechanism. Among Internal Audit’s main functions is to give constructive and consultative inputs to the management, allowing better promotion of GCG best practices in the implementation of internal policies and procedures.
Audit Internal merupakan bagian integral dari fungsi pengawasan Perseroan. Di antara fungsi utama Audit Internal adalah memberikan masukan yang konstruktif dan konsultatif kepada manajemen, yang mendorong penerapan GCG yang lebih baik dalam kebijakan dan prosedur internal.
In 2009, Lautan Luas’ Internal Audit conducted reviews on several departments within the Company as well as its subsidiaries and affiliates. Reports are periodically submitted to the President Director. The Internal Audit team also conducted regular meetings with the Audit Committee to coordinate the implementation of the Company’s internal control system. All recommendations are monitored to ensure proper implementations by the appropriate departments or subsidiaries and affiliates.
Pada 2009, Audit Internal Lautan Luas melakukan audit pada beberapa sektor di Perseroan serta anak-anak perusahaan dan afiliasi. Laporan secara berkala diserahkan kepada Presiden Direktur. Audit Internal juga melakukan pertemuan rutin dengan Komite Audit untuk mengkoordinasi penerapan sistem pengendalian internal Perseroan. Terhadap rekomendasi yang diberikan dilakukan pemantauan guna memastikan penerapannya oleh bagian atau anak perusahaan dan afiliasi yang terkait.
PUBLIC ACCOUNTANT
AKUNTAN PUBLIK
To audit the Company’s book for year 2009, Lautan Luas appointed Purwantono, Sarwoko & Sandjaja, a Public Accountant Office affiliated with Ernst & Young Global. The appointment was made by the BOD with the approval of President Commissioner or Vice President Commissioner as authorized in the Annual General Shareholders’ Meeting in 2009.
Untuk mengaudit laporan keuangan Perseroan pada tahun buku 2009, Lautan Luas menunjuk Purwantono, Sarwoko & Sandjaja, kantor Akuntan Publik yang terafiliasi dengan Ernst & Young Global. Penunjukan kantor akuntan ini dilakukan oleh Direksi dengan persetujuan Presiden Komisaris atau Wakil Presiden Komisaris sesuai dengan kuasa yang diberikan oleh Rapat Umum Pemegang Saham pada 2009.
Audit results for 2009 financial year stated that Lautan Luas’ consolidated financial report was presented fairly and in conformity with generally accepted accounting principles in Indonesia.
Hasil audit untuk tahun buku 2009 menyatakan bahwa laporan keuangan konsolidasi Lautan Luas telah disajikan secara wajar tanpa pengecualian, berdasarkan prinsip-prinsip akuntansi yang berlaku umum di Indonesia.
CORPORATE SECRETARY
SEKRETARIS PERUSAHAAN
Lautan Luas has appointed a Corporate Secretary since 1997. The Corporate Secretary’s function is in essence to bridge the Company with its shareholders, the capital market authority and financial regulators, and other stakeholders. The Corporate Secretarial team is also responsible to disseminate all relevant information to the Company’s stakeholders timely, accurately, and transparently.
Lautan Luas telah menunjuk seorang Sekretaris Perusahaan sejak 1997. Fungsi Sekretaris Perusahaan pada dasarnya adalah menjembatani Perseroan dengan para pemegang saham, otoritas pasar modal dan regulator keuangan, dan pemangku kepentingan lainnya. Tim Sekretariat Perusahaan juga bertanggungjawab menyebarluaskan informasi yang relevan kepada para pemangku kepentingan Perseroan secara tepat waktu, akurat, dan transparan.
ACCESS TO INFORMATION
AKSES INFORMASI
As a public company, Lautan Luas widely provides access to information for shareholders, investors and other stakeholders. Disclosures of information that are fast, timely, and easy to access are in line with the Company’s policy.
Sebagai sebuah perusahaan publik, Perseroan memberikan akses terhadap informasi kepada seluruh pemegang saham, investor dan pemangku kepentingan lainnya. Penyampaian informasi terkini secara lengkap, cepat, tepat waktu, dan mudah diakses ini sesuai dengan kebijakan Perseroan.
To assist in this effort, the Company makes available a corporate website — www.lautan-luas.com — which is regularly updated. In addition, the Company also conducts regular meetings with the media, investors, and other stakeholders.
Guna membantu upaya ini, Perseroan menyediakan situs web — www.lautan-luas.com — yang terus diperbaharui secara berkala. Selain itu, Perseroan juga menyelenggarakan pertemuan rutin dengan kalangan media massa, investor, dan pemangku kepentingan lainnya.
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Risk Management Manajemen Risiko Business risk is the possibility of an (or some) event(s) causing negative impacts toward the Company’s or organization unit’s achievements on its vision, mission, goal and target. Risk management efforts are to mitigate such impacts toward the Company’s business activities to ensure that the Company’s goals could be optimally attained.
Risiko usaha adalah suatu potensi kejadian yang dapat berpengaruh negatif terhadap pencapaian visi, misi, sasaran dan target Perseroan atau unit organisasi. Upaya manajemen risiko dimaksudkan untuk meminimalkan dampak tersebut terhadap aktivitas usaha Perseroan guna memastikan tercapainya tujuan Perseroan secara optimal.
To anticipate business risks, in 2009 Lautan Luas implemented some measures based on Good Corporate Governance (GCG) principles, among others: • Closely monitored market volatility to better assess business risks posed by the economic crisis. • Made identification and analysis on potencies of risk, within the Company and its subsidiaries and affiliates. • Used the analysis results in amending and fine-tuning management plans.
Guna mengantisipasi risiko usaha, pada 2009 Lautan Luas melakukan beberapa tindakan berdasarkan prinsip-prinsip Tatakelola Perusahaan yang Baik (GCG), di antaranya: • Memantau secara lekat volatilitas pasar guna memperkirakan secara lebih baik risiko usaha yang disebabkan oleh krisis ekonomi. • Melakukan identifikasi dan analisis potensi risiko, baik di Perseroan maupun anak-anak perusahaan dan afiliasi. • Menggunakan hasil analisis yang ada untuk memperbarui dan menyempurnakan rencana manajemen.
Business risks faced by Lautan Luas as an integrated chemical distribution and manufacturing company may come from both outside and inside the Company. In brief, the risks are as follows:
Risiko usaha yang dihadapi Lautan Luas sebagai sebuah perusahaan distribusi dan manufaktur bahan kimia yang terintegrasi dapat berasal dari dalam dan luar Perseroan. Secara ringkas, risiko-risiko tersebut adalah:
RISKS RELATED TO THE COMPANY’S BUSINESS
RISIKO YANG TERKAIT DENGAN USAHA PERSEROAN
• Risks Related to the Continuation of Contract with Suppliers As a company with a significant portion of its business as a distributor of basic and specialty chemicals, Lautan Luas has distribution agreements with over 100 principals. The Company’s ability in managing and maintaining these relationships has a direct effect on its business.
• Risiko Kesinambungan Perjanjian Distribusi dengan Pemasok Sebagai perusahaan dengan usaha utama sebagai distributor bahan kimia dasar dan khusus, Lautan Luas memiliki perjanjian distribusi dengan lebih dari 100 prinsipal bahan kimia. Ketidakmampuan Perseroan dalam mengelola dan menjaga kesinambungan hubungan dengan pemasok akan berakibat pada penurunan penjualan Perseroan.
To alleviate this risk, the Company continuously improves its level of competence and professionalism, ensuring optimal distribution performance year after year. With improved performance, the Company is expected to maintain better long-term relationships with its principals as well as being the preferred choice for new potentials.
Untuk mencegah risiko ini, Perseroan selalu meningkatkan kompetensi dan profesionalisme kerjanya sehingga memungkinkan kinerja distribusi yang optimal dari tahun ke tahun. Dengan kinerja yang terus meningkat, Perseroan dapat memelihara hubungan jangka panjang yang lebih baik dengan pemasoknya serta menjadi pilihan yang menarik bagi calon pemasok baru.
• Risks due to Price Fluctuation of Chemicals As in any company, Lautan Luas’ business performance is affected by the price fluctuations of the products it manufactures and distributes. To address this risk, the Company adopts a policy of products diversification towards especially the specialty chemicals where prices are generally more stable compared to basic chemicals.
• Risiko Pasokan dan Fluktuasi Harga Bahan Kimia Seperti perusahaan lain, kinerja Lautan Luas dipengaruhi oleh setiap perubahan harga produk yang diproduksi dan didistribusikannya. Untuk mengatasi risiko ini, Perseroan menerapkan kebijakan diversifikasi produk, terutama ke bahan kimia khusus yang harganya lebih stabil dibanding harga bahan kimia dasar. Selain itu,
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In addition, the Company also monitors its levels of inventory closely at all time to reduce exposure to price movements.
Perseroan juga memantau secara lekat tingkat persediaannya setiap waktu untuk mengurangi paparan terhadap pergerakan harga.
• Risks due to Competition Lautan Luas continuously improves the concept of being a “one-stop shop” with its array of products. The Company considers this as its competitive advantage against the competition.
• Risiko Persaingan Lautan Luas terus meningkatkan konsep menjadi sebuah “one-stop shop” dengan menawarkan produk yang lengkap. Perseroan menilai langkah ini sebagai daya saing untuk menghadapi para pesaingnya.
The Company currently represents over 100 international principals, distributes more than 1,000 chemical products, and serves more than 2,000 industrial end-users.
Pada saat ini, Perseroan memiliki lebih dari 100 prinsipal internasional dan menjual lebih dari 1.000 jenis produk kepada lebih dari 2.000 pelanggan industri.
In addition, Lautan Luas also made continuous efforts on human resources development, allowing the Company to provide more competent services as its sales portfolio shifts towards specialty chemicals that give higher added-values.
Selain itu, Lautan Luas juga senantiasa meningkatkan sumberdaya manusia sehingga Perseroan dapat memberikan layanan yang kompeten seiring dengan pergeseran portofolio penjualan yang semakin mengarah ke bahan kimia khusus yang bernilai tambah tinggi.
• Risks due to Technological Development Technology, especially information technology, has rapidly evolved.
• Risiko Perkembangan Teknologi Teknologi, terutama teknologi informasi, berkembang sangat cepat.
The Company continues to make investments to keep up with the latest development of technology to improve its human resources, allowing the Company to provide the best solution to its customers and stay abreast of its competitors. Additionally, the Company conducts regular seminars with its principals to ensure it is not left behind in the latest developments of new product technologies.
Perseroan terus melakukan investasi untuk mengikuti perkembangan teknologi yang terkini guna meningkatkan sumberdaya manusianya sehingga dapat memberikan solusi yang terbaik kepada pelanggannya dan unggul dalam persaingan. Selain itu, Perseroan melakukan seminar secara berkala dengan para prinsipalnya guna memastikan diri tak tertinggal oleh perkembangan teknologi produk yang terkini.
• Environmental Risk Lautan Luas continuously implements rigorous monitoring system towards the environment as well as improves and maintains its waste processing system. All of its manufacturing subsidiaries have complied with regulatory authorities environmental requirements. The Company also implements strict safety, health, and environmental standards for employees in all its manufacturing facilities.
• Risiko Dampak Lingkungan Lautan Luas senantiasa menerapkan sistem pemantauan yang ketat terhadap lingkungan serta meningkatkan dan menjaga sistem pengolahan limbahnya. Seluruh anak perusahaan manufaktur Perseroan telah memenuhi persyaratan perundang-undangan lingkungan. Perseroan juga telah menerapkan standar keamanan, kesehatan, dan lingkungan kerja bagi karyawan di semua fasilitas manufakturnya.
Currently, most of the Company’s subsidiaries have been awarded with ISO 14001 and OHSAS 18001 certifications, with others to follow.
Saat ini, sebagian besar anak perusahaan Perseroan telah memiliki sertifikasi ISO 14001 dan OHSAS 18001 dan beberapa lainnya sedang dalam proses.
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• Economic Risk Lautan Luas’ business performance is dependent on its industrial end-users’ business performance. An economic slowdown can therefore negatively affect the Company’s performance as demand typically weakens.
• Risiko Ekonomi Kinerja usaha Lautan Luas sangat dipengaruhi oleh kinerja industri pengguna akhir yang merupakan pelanggan Perseroan. Dengan demikian, melesunya perekonomian berpengaruh negatif terhadap kinerja Perseroan karena membuat permintaan menurun.
Through the extensive diversifications in products, principals, customers, as well as industries served by the Company, it is able to mitigate this risk. In recent years, the Company has also moved to increase its regional sales to reduce dependence on the Indonesian economy.
Guna meminimalkan risiko ini, Perseroan melakukan diversifikasi luas, baik dalam hal produk, prinsipal, pelanggan maupun industri yang dilayani. Dalam beberapa tahun terakhir ini Perseroan juga telah melakukan upaya untuk meningkatkan penjualan regionalnya guna mengurangi ketergantungan terhadap perekonomian Indonesia.
• Foreign Exchange Fluctuation Risk The Company has for many years adopted the principle of hedging most if not all of its foreign exchange exposures. Most of its sales are now conducted in US dollar which is the same currency applicable for most of its procurement.
• Risiko Fluktuasi Kurs Perseroan telah lama menerapkan prinsip lindung-nilai atas sebagian besar atau seluruh paparannya terhadap mata uang asing. Saat ini, sebagian besar penjualan dilakukan dalam dollar AS, mata uang yang juga digunakan untuk sebagian besar pembelian Perseroan.
The Company also monitors its foreign exchange positions in its balance sheet closely and hedges where deemed necessary with products provided by financial institutions.
Perseroan juga selalu memantau secara melekat posisi mata uang asing dalam neraca keuangannya dan melakukan lindung-nilai jika diperlukan dengan produkproduk yang disediakan oleh berbagai lembaga keuangan.
• Risks Related to Human Resources The ability of a company to flourish is determined by among others, its capability to nurture its human resources.
• Risiko Sumber Daya Manusia Kemampuan sebuah perusahaan untuk berkembang antara lain ditentukan oleh kemampuan perusahaan tersebut mengembangkan sumber daya manusianya.
Human resource is considered by the Company to be its most valuable asset. In this respect, the Company invests heavily in the continuing education of personnel at all levels while striving to be ahead of the market in its remuneration policy. In addition, the Company also endeavors to create a culture to develop a truly learning organization.
Perseroan selalu menganggap sumber daya manusia sebagai aset yang paling berharga. Karena itu, Perseroan melakukan investasi besar dan berkelanjutan dalam pendidikan para karyawannya dan berupaya keras melebihi standar pasar dalam kebijakan remunerasi. Selain itu, Perseroan juga berupaya terus menerus mengembangkan budaya perusahaan untuk menjadi sebuah learning organization.
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Corporate Social Responsibility Tanggung Jawab Sosial Perusahaan ACHIEVING PROSPERITY TOGETHER BERSAMA MERAIH KESEJAHTERAAN Social communities in the vicinity of its place of business are stakeholders that can affect the future of a company. Lautan Luas therefore makes continuous efforts to identify itself as an integral part of the surrounding communities through many community development programs.
Komunitas sosial, terutama yang berada di sekitar pabrik dan kantor, merupakan pemangku kepentingan yang sangat mempengaruhi masa depan sebuah perusahaan. Karena itu, Lautan Luas melakukan upaya terus menerus untuk mengidentifikasikan diri sebagai bagian dari komunitas sekitarnya melalui berbagai upaya pengembangan komunitas.
Throughout 2009, the Company engaged in various social activities as well as safety, health and environmental programs. Among the social activities regularly carried out by the Company, it provides free healthcare for economically less fortunate families, especially in the surrounding communities where the Company’s facilities are located. In addition, the Company also collected and distributed aids to people devastated by earthquakes in West Java and West Sumatera as well as by flood in some other areas.
Sepanjang 2009, Perseroan melakukan berbagai aktivitas sosial serta program-program keamanan kerja, kesehatan, dan lingkungan. Diantara aktivitas sosial yang secara rutin diselenggarakan Perseroan adalah pemberian pelayanan kesehatan gratis kepada keluarga yang secara ekonomi kurang mampu, terutama mereka yang bermukim di sekitar fasilitas Perseroan. Selain itu, Perseroan juga mengumpulkan dan mendistribusikan bantuan kepada masyarakat yang menjadi korban bencana alam di Jawa Barat dan Sumatera Barat, serta korban banjir berbagai daerah lainnya.
In 2009 a number of Lautan Luas’ subsidiaries were awarded “Zero Accident Award” by East Java Governor, recognizing their efforts in the safety, health and environmental programs.
Pada 2009, sejumlah anak perusahaan Lautan Luas mendapat “Zero Accident Award” dari Gubernur Jawa Timur, penghargaan atas keberhasilan program-program yang terkait keamanan, kesehatan dan lingkungan.
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May 2009. PT Liku Telaga (LTG) helped the community around the plant’s vicinity to upgrade its street with paving blocks. Mei 2009. PT Liku Telaga (LTG) memberikan bantuan berupa pemasangan jalan paving kepada warga di sekitar pabrik.
July 2009. PT Liku Telaga (LTG) provided plant seedlings to people in Kecamatan, Koramil and Polsek Manyar for greening the environment. Juli 2009. PT Liku Telaga (LTG) menyumbang bibit pohon ke Kecamatan, Koramil dan Polsek Manyar untuk penghijauan lingkungan.
October 2009. PT LAUTAN LUAS Tbk’s employees at all levels showed their
care to earthquake victims in Padang West Sumatera by giving aids through Kompas Peduli. Oktober 2009. Segenap karyawan PT LAUTAN LUAS Tbk menunjukkan kepedulian mereka dengan memberikan bantuan melalui Kompas Peduli kepada korban gempa bumi di Padang, Sumatera Barat.
November 2009. PT Dunia Kimia Utama sponsored fogging in the yards and gardens belong to the community in the company’s vicinity. November 2009. PT Dunia Kimia Utama melaksanakan bantuan kegiatan fogging (pengasapan) di halaman dan kebun milik warga di sekitar lokasi perusahaan.
December 2009. PT Dunia Kimia Utama presented scholarship grant for odd semester to students in SDN Pulau Semambu, Kabupaten Ogan Ilir. Desember 2009. PT Dunia Kimia Utama memberikan bantuan beasiswa semester ganjil kepada SDN Pulau Semambu, Kabupaten Ogan Ilir.
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Management Discussion and Analysis Pembahasan dan Analisa Manajemen General 2009 was a challenging year for business in general. The financial crisis that has swept the world since quarter IV/2008 also slowed the Indonesian economy. Its GDP growth was down to 1.6% per annum (p.a.) in quarter I/2009 from 6.4% p.a. in the same period in the preceding year.
Tinjauan Umum 2009 merupakan tahun yang penuh tantangan terhadap dunia usaha pada umumnya. Krisis keuangan global yang melanda seluruh dunia pada kuartal IV/2008 juga mengakibatkan perekonomian Indonesia melambat seperti yang ditunjukkan oleh menurunnya pertumbuhan PDB menjadi 1,6% per tahun (p.a.) pada kuartal I/2009 dari 6,4% p.a. untuk periode yang sama pada tahun sebelumnya.
In 2009, some business sectors within the country’s economy experienced negative growth, such as the automotive, paper and textile industries.
Pada 2009, beberapa sektor usaha dalam perekonomian nasional mengalami penyusutan, antara lain industri otomotif, kertas dan tekstil.
Despite the economic slowdown, Indonesia managed to achieve a GDP growth rate of 4.5% p.a. in 2009. The 4.5% GDP growth rate — although the lowest in the last five years — was among the world’s highest after China and India.
Tetapi, walau terjadi kelesuan ekonomi, Indonesia berhasil meraih pertumbuhan PDB 4,5% p.a. Pertumbuhan ekonomi ini — walau terendah dalam lima tahun terakhir — adalah salah satu yang tertinggi di dunia setelah Cina dan India.
During the year, rupiah value strengthened by 14.2% against the US dollar (based on Bank Indonesia’s mid exchange rate at the beginning and the end of the year). Meanwhile, the inflation rate was at a relatively low level of 2.8%, unemployment rate declined to 7.9% from 8.4% in 2008, and foreign exchange reserves increased to US$57 billion from US$52 billion. The Government maintained the SBI interest rate at 6.5% p.a. since August 2009, in effect helping the Country’s economy to weather the turbulence better.
Selama tahun tersebut, nilai rupiah terhadap dollar AS menguat 14,2% (berdasarkan kurs tengah Bank Indonesia pada awal dan akhir 2009). Sementara itu, tingkat inflasi relatif rendah (2,8%), tingkat pengangguran menurun menjadi 7,9% dari 8,4% pada 2008, dan cadangan devisa meningkat menjadi US$57 miliar dari US$52 miliar. Pemerintah mematok suku bunga SBI pada tingkat 6,5% sejak Agustus 2009, sehingga membantu perekonomian nasional menghadapi krisis dengan lebih baik.
We believe the Indonesian government was astute in responding to the global financial crisis with sound policies.
Semua ini membangkitkan kepercayaan bahwa Pemerintah Indonesia memiliki kemampuan dalam membuat kebijakan yang tepat dalam menghadapi krisis keuangan.
In terms of micro-economy, there was a decline on demand in some sectors. And the Company felt the impacts of the weakened demand. However, due to the Company’s business strategy to serve widely diversified industries and the Company’s vast business network developed for almost 60 years, demand on the Company’s products and services started to recover in semester II/2009.
Secara ekonomi mikro terjadi penurunan permintaan di beberapa sektor industri dan Perseroan juga tidak terlepas dari dampak melemahnya permintaan pasar tersebut. Namun, berkat strategi diversifikasi industri dan luasnya jaringan usaha yang telah dibangun selama hampir 60 tahun, permintaan atas produk dan jasa Perseroan mulai pulih kembali pada semester II/2009.
FINANCIAL PERSPECTIVE
PERSPEKTIF KEUANGAN
From a financial perspective, in 2009 PT LAUTAN LUAS Tbk succeeded in posting a respectable financial performance. The Company was able to achieve a Net Income of Rp86 billion. The 2009 Net Income was lower than Rp146 billion achieved in the preceding year, but higher than in 2007.
Dari perspektif keuangan, pada 2009 PT LAUTAN LUAS Tbk berhasil membukukan kinerja keuangan yang cukup baik. Perseroan mampu meraih Laba Bersih sebesar Rp86 miliar. Laba Bersih pada 2009 ini memang lebih kecil dibanding Rp146 miliar yang diperoleh pada tahun sebelumnya, tetapi lebih tinggi dibandingkan perolehan Laba Bersih pada 2007.
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Revenue from Sales, Commission and Services. Compared to its financial performance in 2008, the Company’s Revenue from Sales, Commission and Services experienced a decrease of 15.9%, from Rp4,458 billion to Rp3,747 billion. There were two main factors, and both were external factors, that contributed to this decrease.
Pendapatan dari Penjualan, Komisi dan Jasa. Jika dibanding dengan kinerja keuangan pada 2008, Pendapatan dari Penjualan, Komisi dan Jasa mengalami penurunan sebesar 15,9%, dari Rp4.458 miliar menjadi Rp3.747 miliar. Ada dua faktor utama, dan keduanya adalah faktor eksternal, yang menyebabkan penurunan Pendapatan Perseroan.
First, due to the economic crisis that swept the world since August 2008. Lautan Luas’ Revenue from Sales, Commission and Services experienced a declining trend since quarter IV/2008, and worsened in the first half of 2009 and only started to bounce back by the third quarter. The decline in demand was not only in the domestic market, but also in the Company’s regional markets. In 2009, the Company’s revenue from regional markets declined by 19.4%, i.e. to Rp689 billion from Rp855 billion, reducing its contribution to 18.4% from 19.2% of the Company’s total Revenue in the preceding year.
Pertama, akibat krisis ekonomi yang melanda dunia sejak Agustus 2008 Pendapatan dari Penjualan, Komisi dan Jasa Lautan Luas telah mengalami penurunan sejak kuartal IV/2008, yang diteruskan pada paruh pertama 2009 dan baru mulai pulih pada kuartal ketiga. Penurunan permintaan pasar bukan hanya terjadi di dalam negeri, tetapi juga di pasar regional Perseroan. Pada 2009, Pendapatan Perseroan dari pasar regional turun sebesar 19,4%, yaitu menjadi Rp689 miliar dari Rp855 miliar sehingga kontribusinya juga menurun menjadi 18,4% dari 19,2% total Pendapatan Perseroan pada tahun sebelumnya.
The second factor was the strengthening of the rupiah against the US dollar. In 2009, the rupiah appreciated by 14.2% against the US Dollar, i.e. to Rp9,400/US dollar from Rp10,950/US dollar, also reducing the Company’s Revenue in rupiah terms.
Faktor kedua adalah penguatan mata uang rupiah terhadap dollar AS. Pada 2009, kenaikan kurs rupiah yang sekitar 14,2% terhadap dollar AS, yaitu menjadi Rp9.400/dollar AS dari Rp10.950/dollar AS, juga menyebabkan Pendapatan Perseroan yang dicatat dalam mata uang rupiah mengalami penurunan.
On a business segment basis, in 2009 Distribution was still the biggest contributor on revenue with 60.0% share, followed by Manufacturing at 32.0% and Support & Services at 8.0%.
Berdasarkan segmen usaha, pada 2009 segmen usaha Distribusi masih memimpin kontribusi Pendapatan Perseroan sebesar 60,0%, diikuti oleh Manufaktur (32,0%) dan Jasa (8,0%).
Lautan Luas Revenue 2008 and 2009 Pendapatan Lautan Luas 2008 dan 2009 in billion / dalam miliar Rupiah Business Segment
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2009
2008
Distribution Manufacturing Support and Service
Rp2.266 Rp1.185 Rp 296
Rp2.283 Rp1.886 Rp 289
Distribusi Manufaktur Pendukung dan Jasa
Total Revenue
Rp3.747
Rp4.458
Pendapatan Total
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Gross Profit In 2009, the Company’s Gross Profit also experienced a decrease of 39.4%, to Rp566 billion from Rp935 billion in the preceding year.
Laba Kotor Pada 2009, Laba Kotor Perseroan mengalami penurunan 39,4%, menjadi Rp566 miliar dari Rp935 miliar pada tahun sebelumnya.
The decrease on Gross Profit was partly due to the 15.9% decline on the Company’s Revenue. Another factor responsible for this decrease was the strengthening of the rupiah value against the US dollar. Financial reporting systems in rupiah will experience a reduction in Gross Profit Margin in times of rupiah appreciation for companies that conduct some of their business in US dollar terms.
Penurunan Laba Kotor yang terjadi sebagian disebabkan oleh penurunan Pendapatan Perseroan sebesar 15,9%. Faktor lain yang menyebabkan penurunan Laba Kotor ini adalah menguatnya nilai rupiah terhadap dollar AS. Sistem pembukuan dalam rupiah merupakan salah satu faktor penurunan Marjin Laba Kotor pada saat terjadinya penguatan mata uang rupiah bagi perusahaan yang melakukan bisnisnya dalam dollar AS.
For the year, on a business segment basis, Distribution contributed 42.3% Gross Profit, while Manufacturing and Support & Services contributed 42.6% and 15.1%, respectively.
Berdasarkan segmen usaha, pada 2009 Distribusi memberikan kontribusi 42,3% dari Laba Kotor Perseroan, sementara Manufaktur dan Pendukung dan Jasa masingmasing memberikan kontribusi 42,6% dan 15,1%.
Income from Operations The declines in Revenue and Gross Profit also resulted in a decrease in the Company’s Income from Operations, from Rp521 billion to Rp137 billion. A noteworthy point is the Company’s ability to contain its Operating Expenses to a 3.8% increase from the year before.
Laba Usaha Penurunan Pendapatan dan Laba Kotor juga menyebabkan penurunan Laba Usaha Perseroan, yaitu dari Rp521 miliar menjadi Rp137 miliar. Patut dicatat, pada 2009 Perseroan berhasil menahan kenaikan Biaya Usaha sehingga hanya 3,8% lebih tinggi dibanding pada tahun sebelumnya .
In addition, as part of its strategy in managing foreign exchange fluctuation risks, the Company made a Gain on Foreign Exchange amounting to Rp78 billion.
Selain itu, sebagai bagian dari strategi Perseroan dalam mengelola risiko fluktuasi kurs, Perseroan dapat mencatat Laba dari Selisih Kurs sebesar Rp78 miliar.
Net Income As a result of the above-noted points the Company’s Net Income declined to Rp86 billion from Rp146 billion in the preceding year. The performance is considered commendable in a highly challenging year.
Laba Bersih Sebagai akibat dari berbagai hal yang telah dipaparkan di atas, Laba Bersih Perseroan mengalami penurunan menjadi Rp86 miliar dari Rp146 miliar pada tahun sebelumnya. Kinerja keuangan ini dapat dikatakan memuaskan mengingat besarnya tantangan yang dihadapi pada 2009.
EBITDA In line with the decline of Income from Operations, in 2009 the Company’s EBITDA experienced a decrease of 56.5%, from Rp650 billion to Rp283 billion. However, as mentioned earlier, the decrease on Income from Operations was due to the decrease on Gross Profit that was caused by, among others, the strengthening of the rupiah value. Meanwhile, in the calculation of EBITDA, the Foreign Exchange Gain of Rp78 billion was excluded as it was posted below the line of Income from Operations in the Income Statement.
EBITDA Sejalan dengan penurunan Laba Usaha, pada 2009 EBITDA Perseroan mengalami penurunan 56,5%, dari Rp650 miliar menjadi Rp283 miliar. Namun, seperti yang telah dipaparkan sebelumnya, penurunan Laba Usaha terjadi seiring dengan penurunan Laba Kotor yang antara lain, terkait dengan menguatnya nilai rupiah. Sementara itu, pada penghitungan EBITDA belum dimasukkan Laba dari Selisih Kurs sebesar Rp78 miliar yang dalam perhitungan Laba-Rugi dicatat di bawah Laba Usaha.
Total Assets In 2009, Lautan Luas’ Total Assets experienced a 10.4% decrease, from Rp3,440 billion to Rp3,081 billion. Meanwhile, the Company’s Current Assets experienced a decrease of 30.0% from Rp2,112 billion to Rp1,479 billion. Among the Current Asset components experiencing the largest reduction was inventory, i.e. from Rp1,047 billion to Rp446 billion or from 107 days to 50 days as the
Jumlah Aset Pada 2009 Jumlah Aset Lautan Luas mengalami penurunan 10,4%, dari Rp3.440 miliar menjadi Rp3.081 miliar. Sementara itu, nilai Aset Lancar mengalami penurunan sebesar 30,0% dari Rp2.112 miliar menjadi Rp1.479 miliar. Di antara komponen Aset Lancar yang mengalami penurunan paling besar adalah nilai persediaan, yaitu dari Rp1.047 miliar menjadi Rp446 miliar atau dari 107 hari menjadi 50 hari seiring dengan
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Company acted swiftly to bring inventory days to more normal levels. Another factor reducing the Company’s Total Assets was the conversion of overseas subsidiaries assets into rupiah terms upon consolidation.
turunnya volume persediaan ke tingkat yang wajar. Faktor lain penurunan Jumlah Aset adalah nilai aset anak perusahaan di luar negeri yang dikonversi ke rupiah untuk kepentingan konsolidasi.
During the year the Company made a total investment of Rp78 billion in the form of capital placement and fixed assets, both in Indonesia and the region, mostly in semester II/2009 when the country’s and regional macroeconomic conditions started to pick-up.
Selama 2009, Perseroan melakukan investasi sebesar Rp78 miliar dalam bentuk penyertaan saham dan Aset tetap, baik di Indonesia maupun kawasan, terutama pada semester II/2009 setelah kondisi ekonomi makro dan regional mulai membaik.
Total Liabilities The Company’s Total Liabilities also experienced quite a significant decrease, from Rp2,486 billion to Rp2,125 billion or a 14.5% reduction. The decrease in Total Liabilities was largely due to the Company’s successful efforts in reducing its Total Current Liabilities by 29.8%,or from Rp1,880 billion to Rp1,319 billion. The component in Total Current Liabilities experiencing the steepest reduction was Bank Loans and Overdrafts, i.e. from Rp1,314 billion to Rp754 billion, reflecting a better working capital turnover, from 120 days to 60 days.
Jumlah Kewajiban Jumlah Kewajiban Perseroan juga mengalami penurunan yang cukup berarti, 14,5%, dari Rp2.486 miliar menjadi Rp2.125 miliar. Penurunan Jumlah Kewajiban yang cukup tinggi ini disebabkan oleh keberhasilan Perseroan menurunkan Jumlah Kewajiban Lancar yang mencapai 29,8%, dari Rp1.880 miliar menjadi Rp1.319 miliar. Komponen Kewajiban Lancar yang mengalami penurunan paling tinggi, 42,6%, adalah Hutang Bank dan Cerukan, yaitu dari Rp1.314 miliar menjadi Rp754 miliar yang tercermin dari perputaran modal kerja yang membaik dari 120 hari menjadi 60 hari.
The decrease on Current Liabilities in 2009 was also reflected on the increase on liquidity ratio (“Quick Ratio”), from 0.57x to 0.78x. This showed that in the peak of the global financial crisis in 2009, the Company was able to increase its liquidity or its ability to cover short-term loans. In addition, in 2009 the Company also made successful efforts in increasing its Cash Flow from Operation Activities to positive Rp971 billion, the highest in the last five years.
Penurunan Kewajiban Lancar pada 2009 tercermin pula pada peningkatan rasio likuiditas (“Quick Ratio”), yaitu dari 0,57 x menjadi 0,78 x. Hal ini menunjukkan bahwa di puncak krisis keuangan global pada 2009, Perseroan berhasil meningkatkan likuiditas atau kemampuan melunasi pinjaman jangka pendeknya. Selain itu, pada 2009 Perseroan juga berhasil meningkatkan penerimaan Arus Kas dari Kegiatan Usaha menjadi sebesar Rp971 miliar dan merupakan nilai penerimaan terbesar selama lima tahun terakhir.
Total Stockholders’ Equity As of the end of 2009, the Company’s Total Stockholders’ Equity experienced a slight decrease, 4.5% — i.e. to Rp763 billion from Rp799 billion as of the end 2008. The decrease was due to Cumulative Translation Adjustments, i.e. to Rp31 billion from Rp109 billion in the preceding year, and disbursement of the dividend of Rp44 billion in 2009.
Jumlah Ekuitas Pada akhir 2009, Jumlah Ekuitas Perseroan mengalami sedikit penurunan, 4,5% — yaitu menjadi Rp763 miliar dibanding Rp799 miliar pada akhir 2008. Penurunan ini disebabkan oleh Selisih Kurs karena Penjabaran Laporan Keuangan, yaitu menjadi Rp31 miliar dari Rp109 miliar pada tahun sebelumnya serta pembagian dividen pada 2009 sebesar Rp44 miliar.
As a result, Book Value per Share as of 31 December 2009 declined to Rp979 from Rp1,025 as of the end of the preceding year. In 2009, Net Income per Share also experienced a decrease to Rp110 from Rp187.
Dengan penurunan Jumlah Ekuitas, Nilai Buku per Saham pada 31 Desember 2009 menurun jadi Rp979 dari Rp1.025 pada akhir tahun sebelumnya. Pada 2009, Laba Bersih per Saham juga mengalami penurunan menjadi Rp110 dari Rp187.
LTLS share price closed at Rp750 on 31 December 2009, or an increase of 41.5% from Rp530 in the preceding year, reflecting an upbeat outlook going forward.
Pada 31 Desember 2009, saham LTLS ditutup dengan harga Rp750, meningkat 41,5% dari Rp530 pada tahun sebelumnya, mencerminkan prospek perusahaan yang baik.
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Internal Operation Perspective Perspektif Operasional Internal
Starting its business in 1951 as an importer and distributor of basic chemicals, primarily for the batik and food industries in Indonesia, PT LAUTAN LUAS Tbk at present engages in three business segments: Distribution, Manufacturing, and Support & Services. The three complementary segments promote the integration of the Company’s overall business.
Mengawali usahanya pada 1951 sebagai importir dan distributor bahan kimia dasar terutama untuk industri batik dan makanan di Indonesia, PT LAUTAN LUAS Tbk saat ini telah mempunyai tiga sektor usaha: Distribusi, Manufaktur, dan Pendukung & Jasa. Ketiga sektor usaha ini saling mengisi dan membuat usaha Perseroan terintegrasi.
• Distribution
• Distribusi
PT LAUTAN LUAS Tbk works with over 100
PT LAUTAN LUAS Tbk memiliki kerja sama dengan
international principals and distributes more than 1,000 products through its vast network in both the domestic and regional markets. With Jakarta as its headquarter, the Company operates five branches and six representative offices throughout the Archipelago to maximize the reach of its distribution network in serving the domestic market. To oversee its distribution in the regional markets, the Company has established a main regional office in Singapore which is also responsible for the marketing offices in China, Thailand and Vietnam. Currently, the distribution network serves more than 2,000 industrial end-users throughout Indonesia and Asia-Pacific Region.
lebih dari 100 prinsipal internasional dan mendistribusikan lebih dari 1.000 produk melalui jaringannya yang luas ke pasar domestik dan regional. Melalui kantor pusat Jakarta, Perseroan mengoperasikan lima kantor cabang dan enam kantor perwakilan di seluruh Nusantara guna memanfaatkan secara maksimal jaringan distribusinya yang luas untuk melayani pasar domestik. Untuk mengawasi distribusi di pasar regional, Perseroan telah mendirikan sebuah kantor regional utama di Singapura yang memantau kantor-kantor pemasaran di Cina, Thailand dan Vietnam. Saat ini, jejaring usaha yang tersebar luas ini melayani kepada lebih dari 2.000 pelanggan industri di seluruh Indonesia dan kawasan Asia-Pasifik.
In 2009, the Company’s distribution business contributed 60% of Total Revenue, with 86% of it from the domestic market and the other 14% from regional markets.
Pada 2009, usaha distribusi Perseroan memberikan kontribusi 60% terhadap total Pendapatan Perseroan; 86% pendapatan tersebut diperoleh dari pasar dalam negeri dan selebihnya, 14%, dari pasar regional.
From its humble beginnings as a basic chemical distribution company, Lautan Luas has successfully developed into an integrated distribution operation. The Company offers a wide range of chemical products providing a one-stop shop and total solution to its industrial end-users, allowing the Company to have a competitive advantage against its competitors.
Berawal dari sebuah perusahaan distribusi bahan kimia dasar, Perseroan telah berhasil mengembangkan usaha distribusi yang terintegrasi. Saat ini, Perseroan telah mendistribusikan rangkaian lengkap produk kimia dalam one-stop shop dan solusi total kepada para pelanggan industri sehingga memiliki keunggulan kompetitif dibanding para pesaingnya.
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Diversified Distribution Segment Diversifikasi Segmen Distribusi 2009
2008
16%
12%
AUTOMOTIVE / OTOMOTIF
1%
2%
CHEMICALS / KIMIA
5%
6%
COATING / PELAPISAN
3%
4%
CONSUMER GOODS / BARANG KONSUMSI
14%
13%
FOOD / PANGAN
10%
13%
GLASS & CERAMIC / KACA & KERAMIK
10%
9%
LEATHER / KULIT
3%
3%
MINING / PERTAMBANGAN
6%
7%
PAPER / KERTAS
2%
2%
11%
10%
RUBBER / KARET
4%
4%
TEXTILE / TEKSTIL
8%
10%
WATER TREATMENT / PEGELOLAAN AIR
8%
8%
Customers / Pelanggan
AGRICULTURE / AGRIKULTUR Top 20/ 20 Besar 25%
Other / Lain-lain, 75%
2009
Principals / Prinsipal Top 20 Non Affiliated/ 20 Besar Tidak Terafiliasi 30%
PLASTIC & PACKAGING / PLASTIK & KEMASAN Other / Lain-lain, 70%
2009
• Manufacturing Lautan Luas started its manufacturing business in 1969, when the Company established Indonesia’s first private sector sulfuric acid plant. Since then, the Company’s manufacturing has been growing into a sizeable business with stakes in 17 production facilities in Indonesia, three in China and one in Vietnam. The Company’s production facilities are typically located near the customers and/or raw material sources to allow the Company to supply its customers on a timely manner with internationally competitive prices. In 2009, the Company’s Manufacturing business contributed 32% of Revenue. W ithin the Manufacturing business segment, the domestic operations contributed 68% and the other 32% came from regional manufacturing facilities.
• Manufaktur Lautan Luas memulai usaha manufaktur pada 1969, ketika mendirikan pabrik asam sulfat swasta pertama di Indonesia. Sejak itu, usaha manufaktur Perseroan berkembang menjadi usaha yang besar dengan investasi di 17 fasilitas produksi yang tersebar di Indonesia, tiga di Cina dan satu di V ietnam. Lokasi fasilitas produksi Perseroan yang dekat dengan pelang gan dan/atau sumber bahan baku memungkinkan Perseroan memberikan pasokan secara cepat dengan harga yang bersaing secara internasional. Pada 2009, segmen usaha Manufaktur Perseroan memberikan kontribusi sebesar 32% dari Pendapatan. Untuk segmen usaha Manufaktur, pasar domestik memberi kontribusi sebesar 68% dan selebihnya, 32%, merupakan kontribusi pasar regional.
The Company intends to continuously expand its manufacturing business, targeting this segment to contribute equally as the Distribution business segment in the future. In general, the manufacturing business segment generates a better profit margin.
Perseroan akan terus mengembangkan usaha manufaktur, sehingga di masa depan segmen usaha ini dapat mengimbangi kontribusi segmen usaha distribusi. Secara umum, segmen usaha manufaktur memberikan marjin laba yang lebih baik.
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• Support & Services Lautan Luas entered this business segment in 1995 with the establishment of PT Lautan Jasaindo which provides laboratory services and solutions for corporate customers in the electroplating, leather, paper, textile and water treatment industries. Since then, the Company has been expanding its support & services business to include a highly integrated logistics and supply chain business, information technology solutions, and comprehensive water treatment solutions.
• Pendukung & Jasa Lautan Luas memasuki segmen usaha ini pada 1995, ketika mendirikan PT Lautan Jasaindo yang menawarkan jasa laboratorium dan solusi bagi pelanggan yang bergerak di industri electroplating, kulit, kertas, tekstil dan pengolahan air. Sejak itu, Perseroan telah mengembangkan usaha Pendukung & Jasanya hingga meliputi usaha logistik dan rantai pasok yang terintegrasi, solusi teknologi informasi, serta solusi lengkap untuk industri pengolahan air.
In 2009, the Company’s Support & Services business segment contributed Rp296 billion or about 8% of the Company’s Revenue. Among the subsidiaries within this business segment, PT Cipta Mapan Logistik, a part of the supply chain business, contributed the biggest revenue, followed by PT Hydro Hitech Optima (water treatment), PT Strategic Partner Solution and PT Lautan Jasaindo.
Pada 2009, segmen usaha Pendukung & Jasa memberikan kontribusi Pendapatan Rp296 miliar atau sekitar 8% dari Pendapatan Perseroan. Dari segmen usaha ini, PT Cipta Mapan Logistik yang merupakan bagian dari usaha rantai pasok memberikan kontribusi pendapatan terbesar, disusul oleh PT Hydro Hitech Optima (pengolahan air), PT Strategic Partner Solution dan PT Lautan Jasaindo.
Among developments made by the Company’s Support & Services business segment in 2009, the following are noteworthy:
Beberapa perkembangan di segmen usaha Pendukung & Jasa Perseroan yang perlu dicatat pada 2009 antara lain:
• Founded on 1 June 2001, PT Cipta Mapan Logistik (CML) strengthened its business by establishing a shipping company. PT Linc Bintang Line provides shipping services for domestic interisland and international destinations. CML operating under the Linc Group branding, has 7 (seven) subsidiaries.
• Pada 1 Juni 2001, PT Cipta Mapan Logistik (CML) memperkokoh keberadaannya dengan mendirikan sebuah perusahaan perkapalan, PT Linc Bintang Line, yang menyediakan jasa perkapalan untuk pengangkutan dengan tujuan antar pulau dalam negeri dan internasional. CML beroperasi di bawah bendera Linc Group dan memiliki 7 (tujuh) anak perusahaan.
• In 2009 PT Lautan Jasaindo established PT Kujang Tirta Sarana, a joint-venture water treatment facility in Cikampek, West Java.
• Pada 2009 PT Lautan Jasaindo mendirikan PT Kujang Tirta Sarana, sebuah perusahaan patungan di bidang penyediaan air bersih, di Cikampek, Jawa Barat.
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Learning and Growth Pembelajaran dan Pertumbuhan PT LAUTAN LUAS Tbk successful efforts in swiftly
overcoming the financial crisis in 2009 were in part attributable to the ability of its highly professional human resources in responding to the rapidly changing market. The adaptability is a result of years of investments in continuous human resources development.
Keberhasilan PT LAUTAN LUAS Tbk dengan cepat mengatasi guncangan krisis keuangan pada 2009 tak lepas dari kemampuan sumber daya manusia Perseroan yang profesional dalam menangani perubahan pasar yang cepat. Kemampuan beradaptasi tersebut merupakan hasil dari investasi berkesinambungan selama bertahun-tahun dalam upaya pengembangan sumber daya manusia secara berkelanjutan.
The recognition that human resources is its most valuable asset pushed the Company to continue to invest substantially in quality training programs for all of its employees starting in semester II/2009 when the constraints imposed by the economic slowdown started to ease.
Berpegang teguh pada prinsip bahwa sumber daya manusia adalah aset usaha paling berharga, mendorong Perseroan untuk terus melakukan investasi melalui program-program pelatihannya yang berkualitas untuk seluruh karyawannya ketika kondisi perekonomian membaik pada semester II/2009.
In addition, the Company began to implement a decentralized approach vis a vis a highly centralized approach in the past, which allowed more interactions among employees at all levels leading to a more effective outcome.
Selain itu, Perseroan juga mulai menerapkan pendekatan yang terdesentralisasi ketimbang pendekatan yang sangat tersentralisasi di masa sebelumnya. Pendekatan baru ini lebih memungkinkan interaksi di antara karyawan pada semua tingkatan sehingga memberikan hasil yang lebih efektif.
To win the best talents, the Company continuously improves its Campus Recruitment Program which was initiated in 2007. Throughout 2009, the Company recruited from the following faculties — chemical engineering, chemistry, finance, accounting, information technology, and food technology — from the leading universities in Indonesia.
Untuk mendapatkan talenta terbaik, Perseroan terus meningkatkan Program Perekrutan Kampus yang dimulai sejak 2007. Sepanjang 2009, Perseroan melakukan perekrutan dari berbagai fakultas — teknik kimia, ilmu kimia, ekonomi (manajemen dan akuntansi), teknologi informasi, teknologi pangan — dari beberapa universitas terkemuka di Indonesia.
In addition, the Company also worked more closely with alumni groups of Indonesian graduates from leading overseas universities to promote career opportunities with the Company. To reach broader talent pools, the Company initiated online recruitment program through its website.
Selain itu, Perseroan juga meningkatkan hubungan dengan persatuan alumni Indonesia lulusan universitas terkemuka dari mancanegara untuk mempromosikan peluang berkarir di Perseroan. Untuk menjangkau talenta yang lebih luas, Perseroan membuka perekrutan karyawan secara online melalui situs web.
The Company also uses its Website to improve a learning culture. In addition, the Company provides a library with current and relevant journals and literatures.
Perseroan juga menggunakan situs Web untuk meningkatkan budaya belajar. Selain itu, Perseroan juga menyediakan sebuah perpustakaan dengan berbagai jurnal dan pustaka yang relevan.
With the integrated improvement efforts, Lautan Luas human resources, now numbering more than 2,500 personnel, can be expected to propel the Company further in its goals.
Dengan upaya peningkatan terpadu ini, sumber daya manusia Lautan Luas yang saat ini tercatat lebih dari 2.500 karyawan, diharapkan akan menjadi pendorong Perseroan lebih jauh lagi dalam mencapai tujuannya.
Lautan Luas Training and Education Activities Kegiatan Pendidikan dan Pelatihan Lautan Luas Number of participant (person) Length of training (hour) Quantity of training (person-hour) Total fund for training (Rp million)
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2008
1.567 1.200
2.844 1.838 2.579,50
1.926,00 130 Annual Report 2009
387
Jumlah peserta (orang) Lama pelatihan (jam) Kuantitas pelatihan (orang-jam) Jumlah dana pelatihan (Rp jutaan)
Independent Auditor’s Report 2009 Laporan Auditor Independen 2009
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2009 AnnualReport Certification The Board of Commissioners and Directors of PT LAUTAN LUAS Tbk assume responsibility for the order and
reporting of this Annual Report and deem the information herein true and correct, in accordance to Bapepam Regulation No. Kep. 134/BL/2006, Attachment No.X.K.6, dated 07 December 2006, concerning Reporting Standard for Annual Report of Public Companies.
JOAN FUDIANA President Commissioner
PRANATA HAJADI Commissioner
JOSHUA CHANDRAPUTRA ASALI Managing Director Business Development & Manufacturing Director
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Dewan Direksi dan Komisaris PT LAUTAN LUAS Tbk menyatakan bertanggung jawab atas penyusunan dan penyampaian laporan tahunan ini yang secara lengkap dan benar, sesuai dengan Peraturan Bapepam No. Kep. 134/BL/2006, dengan lampiran Peraturan No.X.K.6, tertanggal 7 Desember 2006, mengenai Kewajiban Penyampaian Laporan Tahunan Bagi Emiten Atau Perusahaan Publik
ADYANSYAH MASRIN Vice President Commissioner
ZAKIR Independent Commissioner
INDRAWAN MASRIN President Director
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JIMMY MASRIN Vice President Director
HERMAN SANTOSO Operations & Support Director
Annual Report 2009
SOEWANDHI SOEKAMTO Sales & Marketing / Commercial Director
Group Information Informasi Grup
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HEAD OFFICE PT LAUTAN LUAS Tbk Graha Indramas Jl. AIP II K.S. Tubun Raya No. 77 Jakarta 11410 Phone: +62 21 5367 7777 Fax: +62 21 5367 1120 E-mail:
[email protected] Website: www.lautan-luas.com
BRANCH OFFICES Surabaya, Bandung, Semarang, Medan, Pekanbaru
KANTOR PUSAT PT LAUTAN LUAS Tbk Graha Indramas Jl. AIP II K.S. Tubun Raya No. 77 Jakarta 11410 Phone: +62 21 5367 7777 Fax: +62 21 5367 1120 E-mail:
[email protected] Website: www.lautan-luas.com
KANTOR CABANG Surabaya, Bandung, Semarang, Medan, Pekanbaru
REPRESENTATIVE OFFICES
KANTOR PERWAKILAN
Lampung, Solo, Makassar, Pontianak, Samarinda, Palembang
Lampung, Solo, Makassar, Pontianak, Samarinda, Palembang
DISTRIBUTION PT PKG Lautan Indonesia, Jakarta
MANUFACTURING PT Advance Stabilindo Industry, Bekasi PT Daiti Carbon Nusantara, Pontianak PT Dunia Kimia Jaya, Bekasi PT Dunia Kimia Utama, Palembang PT Findeco Jaya, Jakarta PT Indonesian Acids Industry, Jakarta PT Indonesia Ethanol Industry, Lampung PT Kryton Lautan Indonesia, Tangerang PT Lautan Otsuka Chemical, Serang PT Lautan Sulfamat Lestari, Jakarta PT Liku Telaga, Gresik PT Mahkota Indonesia, Jakarta PT Metabisulphite Nusantara, Gresik PT Pacinesia Chemical Industry, Jakarta PT Roha Lautan Pewarna, Jakarta PT Sibelco Lautan Minerals, Bekasi PT White Oil Nusantara, Gresik
PT PKG Lautan Indonesia, Jakarta
MANUFAKTUR
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SUPPORT & SERVICES PT Cipta Mapan Logistik, Jakarta PT Hydro Hitech Optima, Tangerang PT Lautan Jasaindo, Tangerang PT Strategic Partner Solution, Jakarta
DISTRIBUSI
PENDUKUNG & JASA
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REGIONAL OFFICE Singapore
MARKETING OFFICE China, Thailand, Vietnam
PT Advance Stabilindo Industry, Bekasi PT Daiti Carbon Nusantara, Pontianak PT Dunia Kimia Jaya, Bekasi PT Dunia Kimia Utama, Palembang PT Findeco Jaya, Jakarta PT Indonesian Acids Industry, Jakarta PT Indonesia Ethanol Industry, Lampung PT Kryton Lautan Indonesia, Tangerang PT Lautan Otsuka Chemical, Serang PT Lautan Sulfamat Lestari, Jakarta PT Liku Telaga, Gresik PT Mahkota Indonesia, Jakarta PT Metabisulphite Nusantara, Gresik PT Pacinesia Chemical Industry, Jakarta PT Roha Lautan Pewarna, Jakarta PT Sibelco Lautan Minerals, Bekasi PT White Oil Nusantara, Gresik
PT Cipta Mapan Logistik, Jakarta PT Hydro Hitech Optima, Tangerang PT Lautan Jasaindo, Tangerang PT Strategic Partner Solution, Jakarta
KANTOR REGIONAL Singapura
KANTOR PEMASARAN Cina, Thailand, Vietnam
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AFFILIATES
SUBSIDIARIES
PT FJ
SUPPORT & SERVICES
PT ASI PT IEI
PT LOC
PT CML PT DKJ
PT DCN PT MI
PT RLP
PT H2O
PT LJI PT DKU
PT SPS
PT IAI PT SLM
PT KLI
PT LSL PT LTG
PT MN PT PACI
PT WON
SUBSIDIARIES l PT Advance Stabilindo Industry (PT ASI) l PT Dunia Kimia Jaya (PT DKJ) l PT Daiti Carbon Nusantara (PT DCN) l PT Dunia Kimia Utama (PT DKU) l PT Indonesian Acids Industry (PT IAI) l PT Kryton Lautan Indonesia (PT KLI) l PT Lautan Sulfamat Lestari (PT LSL) l PT Liku Telaga (PT LTG) l PT Metabisulphite Nusantara (PT MN) l PT Pacinesia Chemical Industry (PT PACI) l PT White Oil Nusantara (PT WON)
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AFFILIATES l PT Findeco Jaya (PT FJ) l PT Indonesia Ethanol Industry (PT IEI) l PT Lautan Otsuka Chemical (PT LOC) l PT Mahkota Indonesia (PT MI) l PT Roha Lautan Pewarna (PT RLP) l PT Sibelco Lautan Minerals (PT SLM) SUPPORT & SERVICES l PT Cipta Mapan Logistik (PT CML) l PT Hydro Hitech Optima (H2O) l PT Lautan Jasaindo (PT LJI) l PT Strategic Partner Solution (PT SPS)
Establishment
18 January 1951
Line of Business
Distributor and Manufacturer of Specialty and Basic Chemicals as well as Support and Service Business Graha Indramas Jl. AIP II K.S. Tubun Raya No. 77, Jakarta 11410, Indonesia Phone : +62 21 5367 7777 Fax : +62 21 5367 1120 E-mail :
[email protected] Website : www.lautan-luas.com PT Caturkarsa Megatunggal 63.03% Management 3.64% Public 33.33%
Head Office
Shareholders
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Joan Fudiana Adyansyah Masrin Pranata Hajadi Zakir Hari Slamet Widodo Indrawan Masrin Jimmy Masrin Joshua Chandraputra Asali Herman Santoso Soewandhi Soekamto 501 Medan, Bandung, Semarang, Surabaya, Pekanbaru Palembang , Bandar Lampung, Solo, Samarinda, Pontianak, Makassar PT Bank Central Asia Tbk Bank of Tokyo Mitsubishi UFJ Ltd. Standard Chartered Bank Bank Ekonomi Bank CIMB Niaga PT Rabobank International Indonesia Bank Internasional Indonesia Bank Resona Perdania The Hongkong And Shanghai Banking Corporation Limited Bank Mizuho Indonesia Bangkok Bank Public Company Ltd. Bank DBS Indonesia. l
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CAPITAL STRUCTURE Authorized Capital Issued Capital Fully Paid Up Capital
Rp.600.000.000.000,- at par value of Rp.250,- per share Rp.195.000.000.000,Rp.195.000.000.000,-
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PT PKG Lautan Indonesia Distribution - Affiliate 25 January 2008 Trading basic and specialty chemicals (Main Distribution & Importer) Graha Indramas Jl. AIP II K.S. Tubun Raya No.77, Jakarta 11410, Indonesia Phone : +62 21 5367 3569 Fax : +62 21 5367 3278 PT LAUTAN LUAS Tbk 49% Perusahaan Kimia Gemilang Sdn Bhd 51%
Establishment Line of Business Office
Shareholders
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Indrawan Masrin Mohamed Al Amin Bin Abdul Majid Siew Ka Wei Jimmy Masrin Robin Ling Seng Chiong Leo Boon Han Hans Tan Tong Lim Danny Suryadi Adenan 4
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Lautan Luas Singapore Pte. Ltd. Distribution - Subsidiary
Registered Office & Correspondence Shareholders
17 June 1999 Distributor - specialty and basic chemicals Investment in manufacturing companies of basic chemicals 75 Bukit Timah Road #05-14 Boon Siew Building Singapore 229833 PT LAUTAN LUAS Tbk 100%
MANAGEMENT Director
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PT Advance Stabilindo Industry Manufacturing - Subsidiary Establishment Line of Business Head Office & Factory 1 & 2
Factory 3
Shareholders
9 December 1994 Manufacturer of Methyltin Stabilizer MM 2100 Industrial Town, Block M – 29 Jl. Sulawesi III, Cikarang Barat – Bekasi 17520 Indonesia Phone : +62 21 898 0935 (Hunting), Fax : +62 21 898 0405 Jababeka I Industrial Estate, Block V 78P, Cikarang – Indonesia Phone : +62 21 891 11701 Fax : +62 21 891 11687 PT LAUTAN LUAS Tbk 98.6% PT Fumasjaya Utama 1.4% l
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Indrawan Masrin Jimmy Masrin Herman Santoso Danny Suryadi Adenan Gerardus Handri Kustanto 75 Methyltin Stabilizer, Plastic Additives, Compound, Plastic Bottle Methyltine Stabilizer 2,250 Ton/year Masterbatch 1,200 Ton/year Plastic compound 2,800 Ton/year Plastic Bottle 100,000,000 Pcs/year Equivalent 300 Ton Plastic Injection 100,000,000 Pcs/year Equivalent 300 Ton Plastic for building materials 2,000,000 Pcs/year Equivalent 200 Ton ISO 9001, ISO 14001, OHSAS 18001 l l
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PT Daiti Carbon Nusantara Manufacturing - Subsidiary Establishment Line of Business Rep. office
Factory
Shareholders
6 December 1999 Manufacturer of Activated Carbon Graha Indramas 2nd Floor, Jl. AIP II K.S. Tubun Raya no. 77, Jakarta 11410 Phone : +62 21 5369 6209; 5369 6124 Fax : + 62 21 5367 1169 Jl. Raya wajok hilir km 15.65 Siantan – Pontianak, Kalimantan Barat - Indonesia, Po box 1065 Phone : +62 561 767 723 Fax : +62 561 741 056 Website : www.daiticarbon.com PT LAUTAN LUAS Tbk 99.93% Indrawan Masrin 0.07% l l
MANAGEMENT Commissioner President Director Director Employees Product Capacity
Indrawan Masrin Sandjaja Hajadi Herman Santoso 53 Activated Carbon Activated Carbon (Powder) Acitvated Carbon (Granular) ISO 9001 l l
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2,000 Ton/year 3,600 Ton/year
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PT Dunia Kimia Jaya Manufacturing - Subsidiary 8 December 1977 Manufacturer of specialty chemical for paper, textile, agriculture, rubber/plastic, water treatment and Band Ply Lubricant Kawasan Industri Greenland Batavia Blok BD No.1, Kota Deltamas, Desa Sukamahi, Cikarang Pusat, Bekasi 17530, Indonesia Phone : +62 21 8997 0430 Fax : +62 21 8997 0431 Website : www.duniakimiajaya.com PT LAUTAN LUAS Tbk 99.9% Indrawan Masrin 0.1%
Establishment Line of Business Office & Factory
Shareholders
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Adyansyah Masrin Indrawan Masrin Joan Fudiana Soewandhi Soekamto 65 Textile Auxiliaries, Band Ply Lubricant, Chemical for Paper, Footwear, Rubber/Plastic, Agriculture Application, Water Treatment Chemical. Headquaters Specialty chemical for Textile 4,000 Ton/year Specialty chemical for Paper 3,000 Ton/year Specialty chemical for Plastic & Rubber 5,000 Ton/year Specialty chemical for Agriculture 15,000 Ton/year Specialty chemical for Leather 200 Ton/year Specialty chemical for Waste Water Neutralizer 2,000 Ton/year Specialty chemical for Boiler Cleaner 300 Ton/year Specialty chemical for Cooler 500 Ton/year Specialty chemical for Oil and Gas 1,000 Ton/year Specialty chemical for Wood 1,000 Ton/year Specialty chemical for Glass and Ceramic 1,000 Ton/year Specialty chemical for Packaging Glue 1,000 Ton/year Specialty chemical for Paint 7,000 Ton/year Specialty chemical for Food 300 Ton/year Specialty chemical for Mining 1,000 Ton/year Specialty chemical for Detergent 1,000 Ton/year Medan : Specialty chemical for Agriculture 8,000 Ton/year Surabaya : Specialty chemical for Agriculture 4,000 Ton/year ISO 9001, ISO 14001, OHSAS 18001 & KN-RCI l l
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PT Dunia Kimia Utama Manufacturing - Subsidiary Establishment Line of Business Office address
Factory address
Shareholders
22 May 1978 Manufacturer of Sulfuric Acid and Aluminium Sulfate Jl. Radial Blk D1 No.31, Komplek Ilir Barat Permai, Palembang 30134, Sumatera Selatan, Indonesia Phone : +62 711 311 772 Fax : +62 711 350 286 Jl. Raya Palembang – Indralaya KM 24, Desa Pulau Semambu, Kec. Indralaya, Kab. Ogan Ilir, Sumatera Selatan, Indonesia Phone : +62 711 581 500 (hunting); 730 1145; 730 1463 Fax : +62 711 361 463 PT LAUTAN LUAS Tbk 55% PT Dunia Kimia Jaya 10% PT Gading Masindotama 35% l
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Sutejo Mothaniyachat Joan Fudiana Jimmy Masrin Suhartono Chia Indrawan Masrin Sandjaja Hajadi Suniata Warsehat Thianchay Monthaniyachat 88 Sulfuric Acid, Aluminium Sulfate Sulfuric Acid 30,000 Ton/year Aluminium Sulfate 30,000 Ton/year ISO 9001, ISO 14001, SNI dan OHSAS 18001 l
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PT Indonesian Acids Industry Manufacturing - Subsidiary 9 August 1969 Manufacturer of Sulfuric Acid, Aluminium Sulfate and Potash Alum Graha Indramas, Jl. AIP II K.S. Tubun Raya No. 77, Jakarta 11410, Indonesia – Phone : +62 21 5367 1281; 5367 1282 Fax : +62 21 5367 1280 website : www.indoacid.com Jl Raya Bekasi KM 21, Pulo Gadung, Jakarta 13001 Phone : +62 21 460 2203 Fax : +62 21 460 2917 PT LAUTAN LUAS Tbk 60% Citicon Investments Group Limited 35% PT Syam Bersaudara 5%
Establishment Line of Business Office address
Factory address
Shareholders
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MANAGEMENT President Commissioner Commissioner President Director Vice President Director Director
Sutejo Mothaniyachat Adyansyah Masrin Joan Fudiana Surapon Mothaniyachat Indrawan Masrin Jimmy Masrin 144 Sulfuric Acid, Aluminium Sulfate Sulfuric Acid 82,500 Ton/year Aluminium Sulfate 44,600 Ton/year Potash Alum 1,500 Ton/year ISO 9001 l l
Employees Products Capacity
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Certification
PT Kryton Lautan Indonesia Manufacturing - Subsidiary Establishment Line of Business Rep. office Shareholders
7 December 2001 Specialty Cements & Pains Industry Jl. Manis II No.9, Zona Industri Manis, Desa Kadu, Kec. Curuq, Tangerang PT LAUTAN LUAS Tbk 55% Kryton International Inc. 35% Pace International Limited 10% l
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MANAGEMENT President Commissioner Commissioner
Jimmy Masrin Pasimani Paane Fryauff Ronald Gary Yuers Wahab Dharmawan Fauzi Kevin Kari Lee Yuers 7 Specialty Cements, Concretate Additives, Specialty Paints/Coating Specialty Cements, Concretate Additives 1,000 Ton/year Specialty Paints/Coating 400 Ton/year l
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President Director Director
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PT Lautan Sulfamat Lestari Manufacturing - Subsidiary Establishment Line of Business Office & Factory address
Shareholders
6 July 2000 Manufacturer of Sulfamic Acid Jl Raya Bekasi KM 21, Pulo Gadung, Jakarta Timur 13930, Indonesia Phone : +62 21 460 3875 (Hunting) Fax : +62 21 460 3878 Website : www.lautan-sulfamat-lestari.com PT LAUTAN LUAS Tbk 99% PT Fumasjaya Utama 1% l
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MANAGEMENT Commissioner President Director Director Employees Product Capacity
Indrawan Masrin Joshua Chandraputra Asali Ridwan Kartolo 49 Sulfamic Acid Sulfamic Acid 7,200 Ton/year
PT Liku Telaga Manufacturing - Subsidiary Establishment Line of Business Factory address
Shareholders
12 January 1979 Manufacturer of Sulfuric Acid, Aluminium Sulfate, Sucolit Series & Sodium Silicate Jl. Raya Sembayat KM 23, Manyar Gresik, Jawa Timur Indonesia Phone : +62 31 395 9185; 395 9186; 395 1670; 395 1639 Fax : +62 31 395 1669 PT LAUTAN LUAS Tbk 50.5% PT Gading Masindotama 31.5% Wen Chie Siang 8.0% PT Wongso Kharismamulia 10.0% l l l l
MANAGEMENT Commissioner President Director Director
Adyansyah Masrin Sutejo Mothaniyachat Wen Chie Siang Indrawan Masrin Kusman Wongsodihardjo Sandjaja Hajadi Thianchay Mothaniyachat 144 Sulfuric Acid, Aluminium Sulfate, Sodium Silicate (Liquid & Solid), and Sodium Silicate Sulfuric Acid 60,150 Ton/year Aluminium Sulfate 32,400 Ton/year Sodium Silicate Liquid 12,000 Ton/year Sodium Silicate Solid 6,000 Ton/year Potash Alum 5,000 Ton/year ISO 9001, ISO 14001, & OHSAS 18001 l l l l l
Employees Products Capacity
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Certification
PT LAUTAN LUAS Tbk
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PT Metabisulphite Nusantara Manufacturing - Subsidiary Establishment Line of Business Office & Factory address
Shareholders
17 January 2000 Manufacturer of Sodium Metabisulphite Jl. Desa Sukomulyo KM 24, Manyar Gresik 61151, Jawa Timur Indonesia Phone : +62 31 395 8500; 395 8600; 395 9393 Fax : +62 31 395 2700 PT LAUTAN LUAS Tbk 80% PT Antaboga Manunggal Karsa 20% l
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MANAGEMENT President Commissioner Commissioner President Director Director Employees Product Capacity Certification
Indrawan Masrin Widyanto Jimmy Masrin Sandjaja Hajadi 53 Sodium Metabisulphite Sodium Metabisulphite 10,000 Ton/year ISO 9001, ISO 14001 & Sertifikat Halal No. 07180000971005
PT Pacinesia Chemical Industry Manufacturing - Subsidiary Establishment
1 February 1984 Manufacturer of Poly Aluminium Chloride Graha Indramas Jl. AIP II K.S. Tubun Raya No.77, Jakarta 11410, Indonesia Jl. Manis II No 9 Zona Industri Manis Desa Kadu, Kecamatan Curug, Tangerang Phone : +62 21 591 8874 Fax : +62 21 591 8876 PT LAUTAN LUAS Tbk 99.975% Indrawan Masrin 0.025%
Line of Business Office address Factory address
Shareholders
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MANAGEMENT Commissioner President Director Director
Joan Fudiana Isien Fudianto Indrawan Masrin Jimmy Masrin 127 Poly Aluminium Chloride, Sulphur Powder, Pentazol & White Spirit Poly Aluminium Chloride Liquid 30,000 Ton/year Poly Aluminium Chloride Powder 3,000 Ton/year Gypsum 6,000 Ton/year ISO 9001 l
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Certification
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PT LAUTAN LUAS Tbk
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PT White Oil Nusantara Manufacturing - Subsidiary Establishment Line of Business Office & Factory Address
Shareholders
9 November 2000 Manufacturer of White Oil Jl. Raya Sukomulyo KM 24, Manyar - Gresik, Jawa Timur – Indonesia Phone : +62 31 395 8686 Fax : +62 31 395 7887 Website : www.whiteoilnusantara.com PT LAUTAN LUAS Tbk 93% Wen Chie Siang 7% l l
MANAGEMENT President Commissioner Commissioner President Director Director Employees Product Capacity Certification
Indrawan Masrin Wen Chie Siang Sandjaja Hajadi Joshua Chandraputra Asali 59 White Oil White Oil 15,000 Ton/year ISO 9001, ISO 14001, OHSAS 18001
PT Findeco Jaya Manufacturing - Affiliates Establishment Line of Business Office & Factory address
Shareholders
16 January 1969 Manufacturer of Alkyl Benzene Sulfonate Jl. Raya Bekasi km. 21, Pulo Gadung Jakarta 13920, Phone : +62 21 460 2920 Fax : +62 21 460 2572 Website : www.findeco.com PT LAUTAN LUAS Tbk 35% PT Sinar Antjol 8% PT Wings Surya 27% PT Syam Bersaudara 3% Anthoni Salim 6% Winarto Adinoto 3% Ong Ing Sing 6% PT Catur Wangsa Indah 6% PT UICCP Indonesia 6% l l l l l l l l l
MANAGEMENT President Commissioner Commissioner
Teddy Jeffrey Katuari Herman Santoso Andi Hartandi Joan Fudiana Handoyo Sutanto Paulus Iwan Setiawan Ridwan Kartolo Eridah Surjanah Eka Leonard Gunawan 58 Branched Alkyl Benzene Sulfonic Acid, Linear Alkyl Benzene Sulfonic Acid Alkyl Benzene Sulfonate 30,000 Ton/year ISO 9001, ISO 14001, OHSAS 18001 l l
President Director Vice President Director Director
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PT LAUTAN LUAS Tbk
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PT Indonesia Ethanol Industry Manufacturing - Affiliates Establishment Line of Business Office & Factory address
Shareholders
29 January 2007 Manufacturer of Pure Ethanol Jl. Raya Lintas Pantai Timur KM.242,5, Desa Sriwijaya Mataram, Kecamatan Bandar Mataram Lampung Tengah 34164 PT LAUTAN LUAS Tbk 23% Siam Resources (S) Pte. Ltd. 31% Cleveland Pte. Ltd. 23% Matrix Membranes Enterprises Pte. Ltd. 23% l
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MANAGEMENT President Commissioner Commissioner
Tjoa Tek Hin Jimmy Masrin Kevin John Monteiro Ir. Zaenal Arifin Achmad Syaifuddin Haq Tjoa Tek Tjiauw William Djuhadi Herman Santoso 6 Pure Ethanol Pure Ethanol l l l
President Director Director
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Employees Product Capacity
60,000 Ton/year
PT Mahkota Indonesia Manufacturing - Affiliates Establishment Line of Business Office & Factory address
Shareholders
30 October 1969 Manufacturer of Sulfuric Acid, Aluminium Sulfate, Sodium Silicate, Ferro Sulfate & Potash Alum Jl. Raya Bekasi KM 21 Pulo Gadung, Jakarta Utara 14250 Phone : +62 21 460 3121 Fax : +62 21 468 33944; 460 2792 PT LAUTAN LUAS Tbk 40% PT Mingsindo Jaya 20% TIP International Company 40% l
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MANAGEMENT President Commissioner Commissioner
Adyansyah Masrin Charles Ho Tung Koo Jimmy Masrin Indrawan Masrin Sutejo Mothaniyachat Wong Lung Tak 179 Sulfuric Acid, Aluminium Sulfate, Sodium Silicate (water glass) Ferro Sulfate and Potash Alum Sulfuric Acid 72,500 Ton/year Aluminium Sulfate 45,000 Ton/year Sodium Silicate 30,000 Ton/year Ferro Sulfate 12,000 Ton/year Potash Alum 10,000 Ton/year ISO 9001 l l
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Capacity
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Certification
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PT Lautan Otsuka Chemical Manufacturing - Affiliates Establishment
25 May 1989
Line of Business Office address
Manufacturer of Azodicarbonamide (Blowing Agent) Graha Indramas, 5th Floor Jl. AIP II K.S. Tubun Raya No.77, Jakarta 11410, Indonesia Phone : +62 21 5367 1251 Fax : +62 21 5367 1250 Jl. Brigjend Katamso KM. 123 & 125 Gunung Sugih ,Ciwadan, Cilegon Banten,Indonesia Phone : +62 254 601 150 Fax : +62 254 601 152 PT LAUTAN LUAS Tbk 30% Otsuka Chemical Co. Ltd. 70%
Factory address
Shareholders
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MANAGEMENT President Commissioner Commissioner
Joan Fudiana Yujiro Otsuka Indrawan Masrin Sadanobu Tobe Seiya Nomizu Jimmy Masrin Kenji Kishino Jojong Djurijanto Makio Okamoto Hideitsu Inoue Akihei Mori Hajime Morikawa Faustinus Fauzi 330 Azodicarbonamide (Blowing Agent) Azodicarbonamide (Blowing Agent) 14,500 Ton/year ISO 9001, ISO 14001, OHSAS 18001 & SMK3 l
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President Director Vice President Director Director
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PT LAUTAN LUAS Tbk
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59
PT Roha Lautan Pewarna Manufacturing - Affiliates Establishment Line of Business Office & Factory address
Shareholders
8 November 1991 Manufacturer of Dyes & Pigment Kota Delta Mas , Jl.Tol Cikampek KM 37, Kawasan Green Land, kav Batavia BD/2, Cikarang Pusat – 17530 Phone : +62 21 8997 0302 Fax : +62 21 8997 3247 website : www.rohaLP.com PT LAUTAN LUAS Tbk 30% Roha Dyechem Pte. Ltd. 70% l
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MANAGEMENT President Commissioner Commissioner President Director Director
Ramakant Jagdishprasad Tibrewala Jimmy Masrin Harin Dharamdas Juthani Rikesh Dhirendra Parikh Herman Santoso 75 Dyes & Pigment Colours for all purpose application Food & Pharmaceutical Colours 826 Ton/year Textile Colours 338 Ton/year ISO 9001 l l
Employees Products Capacity
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PT Sibelco Lautan Minerals Manufacturing - Affiliates Establishment Line of Business Office & Factory address
Shareholders
10 April 1997 Manufacturer of Washed and Dry Silica Sand & Silica Flour Jl. Jababeka XVI Blok W 30-35 Kawasan Industri Jababeka Cikarang Phone : +62 21 893 7465 Fax : +62 21 893 7466 website : www.sibelcolautanminerals.com PT LAUTAN LUAS Tbk 20% Sibelco Asia Pte. Ltd. 80% l
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Alain Walter Marie Wivine Speeckaert Indrawan Masrin Thomas Charles Cutbush Jimmy Masrin Thibault Fernand Marie Joseph Van Stratum Tang Kum Hong Bruno Luc Annie Wauters Chan Hock Lye 118 Washed and Dry Silica Sand & Flour Washed Sand 60,000 Ton/year Silica Flour 40,000 Ton/year Felspar Flour 20,000 Ton/year Bentonite Flour 10,000 Ton/year Talk Flour 10,000 Ton/year Ball Clay 50,000 Ton/year ISO 9001, ISO 14001, OHSAS 18001 l l l
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PT Cipta Mapan Logistik Support & Services Trade Name Establishment Line of Business Office address
Branches Shareholders
LINC Group 1 June 2001 Freight Forwarding (Jasa Pengurusan Transportasi) Graha Indramas 6th Floor, Jl. AIP II K.S. Tubun Raya No. 77, Jakarta 11410, Indonesia Phone : +62 21 5367 3208 Fax : +62 21 5367 1276 Bekasi, Bandung, Semarang, Surabaya dan Medan PT LAUTAN LUAS Tbk 99.998% Indrawan Masrin 0.002% l
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Jimmy Masrin Joshua Chandraputra Asali Leo Boon Han Hans 337 Logistics and Supply Chain Management ISO 9001, ISO 14001, OHSAS 18001
PT Hydro Hitech Optima Support & Services Establishment Line of Business Office address
Product
3 January 2006 Turnkey, BOO, BOT for water treatment system & equipment Zona Industri Manis, Jl. Manis II No. 9, Desa Kadu, Kecamatan Curug, Tanggerang 15810, Indonesia Phone : +62 21 2994 0900 (Hunting) Fax : +62 21 2994 0901; 2994 0902 Website : www.h2optima.com Water Solution Provider Water & Waste Water Treatment System, Which includes: Automatic Self Cleaning Filter, Ultra Filtration, Reverse Osmosis, Chemical Treatment, etc Customized water optimization that help our customers to do saving including the recycling Turn Key, BOO, BOT, or Leasing for Water Treatment Plant or Individual Equipment One stop shopping services for all water problems PT LAUTAN LUAS Tbk 99.98% Indrawan Masrin 0.02% l l l l
Shareholders
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MANAGEMENT Commissioner President Director Director Employees
Herman Santoso Soewandhi Soekamto Subakti Setiawan 35 PT LAUTAN LUAS Tbk
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PT Lautan Jasaindo Support & Services Establishment
15 February 1995
Line of Business Office
Certification
Support & Laboratory Services Jl. Manis II No. 9, Zona Industri Manis, Desa Kadu, Kecamatan Curug, Tanggerang, Indonesia Phone : +62 21 591 8838; 591 8886 Fax : +62 21 5391 8836 Website : www.lji.co.id PT LAUTAN LUAS Tbk 95% PT Fumasjaya Utama 5% ISO 9001
MANAGEMENT Commissioner Director Employees
Indrawan Masrin Herman Santoso 6
Shareholders
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PT Strategic Partner Solution Support & Services Establishment
14 June 2002
Line of Business
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Trading Computer & Accessories IT Consultant & Management Services Graha Indramas 6th Floor, Jl. AIP II K.S. Tubun Raya No. 77, Jakarta 11410, Indonesia Phone : +62 21 5367 7777 Fax : +62 21 5367 1120 Website : www.myspsolution.com PT LAUTAN LUAS Tbk 99.82% Jimmy Masrin 0.18% l
Office address
Shareholders
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PT LAUTAN LUAS Tbk
Jimmy Masrin Aswan Hardi Herman Santoso 66 Computer & Accessories
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Corporate Information
Data Perusahaan
Company PT LAUTAN LUAS Tbk
Perusahaan PT LAUTAN LUAS Tbk
Domicilied in Jakarta HEAD OFFICE Graha Indramas Jl. AIP II K.S. Tubun Raya No. 77 Jakarta 11410 Phone: +62 21 5367 7777 Fax: +62 21 5367 1120 E-mail:
[email protected] Website: www.lautan-luas.com
DISTRIBUTION BRANCH OFFICES BANDUNG OFFICE Jl. Jend. Sudirman No. 757 – Bandung 40212 Phone: +62 22 603 0590 (Hunting) Fax: +62 22 603 0967 SEMARANG OFFICE Jl. Tambak Aji I/6, Komp. Industri Guna Mekar Semarang 50185 Phone: +62 24 866 3521 (Hunting) Fax: +62 24 866 3529 SURABAYA OFFICE Jl. Ngemplak No. 30 Komp. Ambengan Plaza Blok B 35-37 - Surabaya 60272 Phone: +62 31 531 9635-7; 545 3734-6 FaX: +62 31 531 9634 MEDAN OFFICE Kawasan Industri Medan Star, Jl. Pelita Raya I Blok F No. 5, Medan Tanjung Morawa KM.19,2 Deli Serdang 20362 Phone: +62 61 794 0800 Fax: +62 61 794 1990 PEKANBARU OFFICE Komp. Pergudangan Cerya Panam Jl. HR Subrantas Kav 9, lot B26-27, Panam, Pekanbaru Phone & Fax: +62 761 27 048
Berkedudukan di Jakarta KANTOR PUSAT Graha Indramas Jl. AIP II K.S. Tubun Raya No. 77 Jakarta 11410 Telepon: +62 21 5367 7777 Fax: +62 21 5367 1120 E-mail:
[email protected] Website: www.lautan-luas.com
KANTOR CABANG DISTRIBUSI CABANG BANDUNG Jl. Jend. Sudirman No. 757 – Bandung 40212 Telepon: +62 22 603 0590 (Hunting) Fax: +62 22 603 0967 CABANG SEMARANG Jl. Tambak Aji I/6, Komp. Industri Guna Mekar Semarang 50185 Telepon: +62 24 866 3521 (Hunting) Fax: +62 24 866 3529 CABANG SURABAYA Jl. Ngemplak No. 30 Komp. Ambengan Plaza Blok B 35-37 - Surabaya 60272 Telepon: +62 31 531 9635-7; 545 3734-6 Fax: +62 31 531 9634 CABANG MEDAN Kawasan Industri Medan Star, Jl. Pelita Raya I Blok F No. 5, Medan Tanjung Morawa KM.19,2 Deli Serdang 20362 Telepon: +62 61 794 0800 Fax: +62 61 794 1990 CABANG PEKANBARU Komp. Pergudangan Cerya Panam Jl. HR Subrantas Kav 9, lot B26-B27, Panam, Pekanbaru Telepon & Fax: +62 761 589 091
PT LAUTAN LUAS Tbk
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PT LAUTAN LUAS Tbk
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GRAHA INDRAMAS BUILDING JL AIP II K.S. Tubun Raya No. 77 Jakarta Barat 11410 Indonesia www.lautan-luas.com
