Good friends and
people to talk to,
A safe place,
a sanctuary to come to.
PT LAUTAN LUAS Tbk
Table of Contents Daftar Isi Corporate Vision & Core Values 03 Visi & Nilai-nilai Dasar Perusahaan
The Board of Commissioners 23 Dewan Komisaris
Table of Contents 04 Daftar Isi
The Board of Directors’ Report 26 Laporan Direksi
Embracing The Community 05 Merangkul Komunitas Sekitar
The Board of Directors 30 Direksi
Corporate Highlight 06 Ikhtisar Perusahaan
Corporate Governance 33 Tata Kelola Perusahaan
Lautan Luas, an Overview 07 Sekilas Lautan Luas
Risk Management 37 Manajemen Risiko
Awards 08 Penghargaan
Corporate Social Responsibility 40 Tanggung Jawab Sosial Perusahaan
The Company’s Milestones 09 Tonggak Pencapaian Perseroan
Management Discussion and Analysis 46 Pembahasan dan Analisa Manajemen
Financial Highlights 10 Ikhtisar Keuangan
Internal Operation Perspective 50 Perspektif Operasional Internal
Summary of Significant Events 2010 15 Peristiwa-peristiwa Penting 2010
Learning and Growth 53 Pembelajaran dan Pertumbuhan
The Corporate’s Structure 16 Struktur Perusahaan
Independent Auditor’s Report 2010 54 Laporan Auditor Independen 2010
Management Structure 20 Struktur Manajemen
2010 Annual Report Certification 58 Sertifikasi Laporan Tahunan 2010
The Board of Commissioners’ Report 21 Laporan Dewan Komisaris
Group Information 59 Informasi Grup
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Embracing The Community Merangkul Komunitas Sekitar Many things have come and gone over the past 60 years, but Lautan Luas has consistently grown from strength to strength. We have evolved from importing and distributing basic chemical products in Indonesia to encompass distributing, manufacturing of basic & specialty chemicals as well as support and services across the region. As a consequence of management’s commitment to the principles of Good Corporate Governance and purposeful strategy, the Company remained stable and grew steadily during the global economic crises of 1998 and 2008.
Throughout our history, we have conscientiously engaged the communities where work and live, extending a helping hand where possible to meet human needs. In the following report, we highlight several of our 2010 Corporate Social Responsibility programs that made important contributions to the neediest members of our communities and those disadvantaged by natural disasters. We are grateful to be able to make a difference in people’s lives, in our communities and in the market.
Banyak hal datang dan pergi dalam 60 tahun terakhir ini, namun Lautan Luas secara konsisten telah tumbuh menjadi besar dan lebih kuat. Kami telah melebarkan sayap dari sekedar importir dan distributor produk kimia dasar di Indonesia hingga mencakup distribusi, manufaktur bahan kimia dasar dan khusus, serta usaha pendukung dan jasa, di seluruh kawasan regional. Komitmen manajemen yang tinggi terhadap prinsip-prinsip Tata Kelola Perusahaan yang Baik dan strategi yang terarah, telah memungkinkan Perseroan tetap stabil dan terus bertumbuh, bahkan selama krisis ekonomi global 1998 maupun 2008. Sepanjang sejarah usaha Perseroan, kami dengan tulus telah melibatkan diri dengan komunitas tempat kami bekerja dan tinggal, mengulurkan tangan untuk membantu sebisa mungkin memenuhi kebutuhan sesama. Dalam laporan berikut ini, kami menyoroti beberapa program Tanggung Jawab Sosial Perusahaan (CSR) pada 2010 yang memberikan kontribusi penting bagi anggota komunitas kita yang paling membutuhkan serta mereka yang menjadi korban bencana alam. Kami bersyukur telah dapat melakukan perbaikan terhadap kehidupan masyarakat luas, baik di lingkungan sosial maupun masyarakat yang kami masuki.
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Corporate Highlights Ikhtisar Perusahaan
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 Telephone: +62 21 5367 7777 Fax: +62 21 5367 1120 E-mail:
[email protected] Website: www.lautan-luas.com
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
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.
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, changed its name into PT Lautan Luas 7 April 1997, became a public company: PT LAUTAN LUAS Tbk
20 April 1965, perubahan nama menjadi PT Lautan Luas 7 April 1997, menjadi perusahaan publik: PT LAUTAN LUAS Tbk
Authorized Capital Rp 600,000,000,000 Issued and Fully Paid Capital Rp 195,000,000,000 Nominal Price Rp 250 per share Share Ownership PT Caturkarsa Megatunggal 63.03% Management 3.64% Public 33.33% Line of Business Distributor and Manufacturer of Basic and Specialty Chemicals as well as Support and Service Business.
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Modal Dasar Rp 600.000.000.000,Modal Ditempatkan dan Disetor Penuh Rp 195.000.000.000,Nilai Nominal Rp 250 per lembar saham Kepemilikan Saham PT Caturkarsa Megatunggal Manajemen Masyarakat
63,03% 3,64% 33,33%
Bidang Usaha Distributor dan Manufaktur Bahan Kimia Khusus dan Dasar, serta Usaha Pendukung dan Jasa.
PT LAUTAN LUAS Tbk
Lautan Luas, an Overview Sekilas tentang Lautan Luas As a leading basic and specialty chemical company in Indonesia, PT LAUTAN LUAS Tbk (”the Company” or “Lautan Luas”) has been serving its customers for almost sixty years by providing high quality products and services. The Company was established on 13 July 1951 as Persekutuan Andil Maskapai Dagang dan Industri “Lim Teck Lee” (Indonesia), aka NV Lim Teck Lee Coy. Ltd. It began 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. Lautan Luas established Indonesia’s first privately owned sulfuric acid production plant in 1969, signaling its commitment to quality manufacturing. Then in the 1970s, the Company seized on the opportunity offered by the country’s rapid industrialization, and expanded its manufacturing and distribution capabilities with a focus on specialty chemicals. The strategic shift to a broader product base stabilized profit margins and limited exposure to market volatilities, accelerating the Company’s growth. This, coupled with the dynamic development of Indonesia’s capital market, enabled Lautan Luas to strengthen its capital structure, vaulting the Company to a dominant domestic and regional role in the manufacturing and distribution of basic and specialty chemicals. 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 is headquartered in Jakarta, and operates five branches and six representative offices located in major cities throughout the Indonesian archipelago. A regional office in Singapore overlooks the Company’s activities in China, Thailand and Vietnam.
Sebagai sebuah perusahaan kimia dasar dan khusus terkemuka di Indonesia, PT LAUTAN LUAS Tbk (“Perseroan” atau “Lautan Luas”) telah melayani para pelanggannya selama hampir enam puluh tahun dengan menyediakan produk dan layanan berkualitas. Perseroan didirikan pada 13 Juli 1951 sebagai Persekutuan Andil Maskapai Dagang dan Industri “Lim Teck Lee” (Indonesia), atau NV Lim Teck Lee Coy. Ltd., dan mengawali usahanya sebagai importir dan distributor bahan kimia dasar untuk industri batik dan makanan di Indonesia. Pada 1965, Perseroan mengubah namanya menjadi PT Lautan Luas. Pada 1969, Lautan Luas mendirikan pabrik asam sulfat swasta pertama di Indonesia, menandai komitmen kami di bidang manufaktur. Kemudian, pada tahun 1970-an, Perseroan memperoleh peluang sejalan dengan perkembangan industri yang pesat di Tanah Air, memperluas usaha manufaktur dan distribusinya dengan fokus pada bahan kimia khusus. Pergeseran strategis ke basis produk yang lebih luas ini menstabilkan marjin laba sekaligus mengurangi paparan terhadap volatilitas pasar, mendorong Perseroan tumbuh lebih pesat. Hal ini, ditambah dengan perkembangan pasar modal Indonesia yang dinamis, memungkinkan Lautan Luas untuk memperkuat struktur permodalannya, sehingga Perseroan dapat mengibarkan diri menjadi pemain dominan di usaha manufaktur dan distribusi bahan kimia dasar dan khusus, baik di pasar domestik maupun regional. Saat ini, Lautan Luas mewakili 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. Untuk mengawasi jejaring distribusinya yang luas, Lautan Luas yang berkantor pusat di Jakarta mengoperasikan lima kantor cabang dan enam kantor perwakilan yang tersebar di kota-kota besar di seluruh Nusantara. Kantor regional di Singapura mengawasi aktivitas Perseroan di Cina, Thailand dan Vietnam.
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In manufacturing, Lautan Luas currently has a stake in seventeen production facilities in Indonesia, three in China and a water treatment chemical manufacturing plant in Vietnam. The Lautan Luas support & service business is comprised of four subsidiaries providing laboratory services, supply chain, information technology, and water treatment solutions. To strengthen its integrated manufacturing, distribution, and support & service businesses, Lautan Luas forges strategic alliances with the world’s leading chemical manufacturers possessing uniquely valuable products, technologies, and competence in research and development. To preserve our solid and reliable business foundation, Company management consistently applies the principles of good corporate governance. In planning for future growth, management makes continuous efforts to improve the professional competence of the Company’s employees through rigorous human resource development programs. In recognition of its achievements and the quality of the organization and results, the Company was ranked 2nd in the Small Cap (below US$ 100 million) category by Finance Asia in its 2010 survey results.
Di bidang manufaktur, saat ini Lautan Luas memiliki saham di tujuh belas fasilitas produksi di Indonesia, tiga di Cina dan sebuah pabrik bahan kimia untuk pengolahan air di Vietnam. Usaha pendukung dan jasa Lautan Luas terdiri dari empat anak perusahaan yang menawarkan jasa laboratorium, rantai pasok, teknologi informasi, dan solusi pengolahan air. Untuk memperkuat usaha distribusi, manufaktur, dan pendukung & jasa yang terpadu, Lautan Luas menjalin aliansi strategis dengan berbagai perusahaan kimia terkemuka dunia pemilik produk dan teknologi yang bernilai tinggi dan berkompetensi di bidang penelitian dan pengembangan (R&D). Guna menjaga fondasi usahanya yang solid dan andal, manajemen Perseroan secara konsisten menerapkan prinsip-prinsip Tata Kelola Perusahaan yang Baik. Untuk meraih pertumbuhan ke depan, manajemen melakukan upaya berkelanjutan untuk meningkatkan kompetensi profesional karyawan Perseroan melalui program-program pengembangan sumber daya manusia yang berkesinambungan. Sebagai pengakuan atas prestasi serta kualitas organisasi dan pencapaian yang diraih, Perseroan menempati peringkat ke-2 untuk kategori Perusahaan Small Cap (dengan kapitalisasi pasar di bawah US$100 juta) dalam hasil survei tahun 2010 Finance Asia.
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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 anak perusahaan 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.
Initiated manufacturing operations at the Lautan Luas Vietnam plant. Expanded our CSR program into housing, water treatment, and disaster recovery, while supporting employee initiatives in our communities.
2010
Memulai operasi manufaktur di pabrik Lautan Luas Vietnam. Mengembangkan program CSR ke bidang perumahan, pengolahan air, dan pemulihan bencana, seraya mendukung inisiatif karyawan yang terlibat langsung ke berbagai komunitas.
The Company continues to review investment opportunities in domestic and regional market.
Going Forward Langkah selanjutnya
Perseroan terus mengkaji peluang investasi di pasar domestik dan regional.
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Financial Highlights Ikhtisar Keuangan 2010 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
BUSINESS RATIO Return on Assets (%) Return on Equity (%) Gross Profit Margin (%) Operating Profit Margin (%) Net Profit Margin (%) Current Ratio (%) Total Liabilities / Total Assets (%) Total Liabilities / Equity (%)
CAPITAL STOCK (Rp million) Authorized Capital Issued and Fully Paid Capital
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
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2009
2008
2007
2006
3.901.733 3.746.865
4.458.094
2.712.536
2.413.259
3.278.930 3.180.406 622.803 566.459 454.734 429.467 168.069 136.992 86.982 85.925 112 110
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
3.591.139 1.833.358 254.714 1.503.067 2.570.690 1.664.968 905.722 202.499
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
817.950
763.343
799.390
596.140
506.603
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
2,42 10,63 15,96 4,31 2,23 110 71,58 314,28
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
RASIO USAHA Imbal-hasil atas Aset (%) Imbal-hasil atas Ekuitas (%) Marjin Laba Kotor (%) Marjin Laba Usaha (%) Marjin Laba Bersih (%) Rasio Lancar (%) Jumlah Kewajiban / Jumlah Aset (%) Jumlah Kewajiban / Ekuitas (%)
600.000 195.000
600.000 195.000
600.000 195.000
600.000 195.000
600.000 195.000
Revenues / Pendapatan (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)
MODAL SAHAM (Rp juta) Modal Dasar Modal Ditempatkan dan Disetor Penuh
Total Assets / Jumlah Aset (in Billion Rp / dalam miliar Rp)
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
2000
2000
300
1500
1500
200
1000
1000
100
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Stock Highlights / Ikhtisar Saham Capital Stock
As of 31 December 2010 Per 31 Desember 2010
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 Shares / Lembar
Shareholders composition
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 @ Rp 250 The Company Currently has 780,000,000 Registered Shares Listed on The Stock Exchange
8 November / Nopember 1999
Masa Penawaran
Saham Bonus 5:8 Total Saham Bonus 240.000.000 Saham Biasa Atas Nama Stock Split Nilai Nominal @ Rp 250 Perseroan Mencatatkan Seluruh Sahamnya di Bursa Efek Sebanyak 780.000.000 Lembar
30 January / Januari 2001
Scriptless Trading
Perdagangan Saham Tanpa Warkat
PT LAUTAN LUAS Tbk’s Stock Price and Transaction Volume, 2009 - 2010 Jumlah Transaksi dan Harga Saham PT LAUTAN LUAS Tbk Periode 2009 - 2010 Period / Periode
Quarter / Kuartal I Quarter / Kuartal II Quarter / Kuartal III Quarter / Kuartal IV
Highest / Tertinggi (Rp) 2010 2009 880 870 860 900
1.060 950 890 880
Lowest / Terendah (Rp) 2010 2009 650 690 740 770
500 700 710 690
Total Transaction Volume / Jumlah Transaksi 2010 2009 (Shares / Lembar) (Shares / Lembar) 29.220.000 505.290.000 29.615.500 889.462.500 35.396.000 144.639.500 23.978.500 29.385.500
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Dividend Payment / Pembayaran Dividen No
Dividend Payment Year Tahun Pembayaran Dividen
Previous Year Net Income Laba Bersih Tahun Sebelumnya (Rp)
Cash Dividend / Share Dividen Tunai / Saham (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
3
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
14
2010
85.925.415.661
34
780.000.000
26.520.000.000
31
Bond / Obligasi Date / Tanggal
3rd Bond
Obligasi III
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 Rp 500.000.000.000,-
Listing Date: at Indonesia Stock Exchange amounting to Rp 500,000,000,000,-
idA(Single A Minus; Stable Outlook)
Pefindo Rating
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Peringkat Pefindo
PT LAUTAN LUAS Tbk
Summary of Significant Events 2010 Peristiwa-peristiwa Penting 2010 PT Cipta Mapan Logistik, (subsidiary of PT LAUTAN LUAS Tbk) and PT Bintang Erlindo divested its shares in PT Taruna Bina Sarana to Concord Energy Pte Ltd as a strategic investor.
January Januari
PT Cipta Mapan Logistik, (anak perusahaan PT LAUTAN LUAS Tbk) dan PT Bintang Erlindo melepas kepemilikan sahamnya di PT Taruna Bina Sarana untuk Concord Energy Pte Ltd sebagai strategic investor.
Paid-In Capital increase at PT Cipta Mapan Logistik to Rp 92.3 billion.
February Pebruari
Peningkatan Modal Disetor pada PT Cipta Mapan Logistik menjadi Rp 92,3 miliar.
Paid-In Capital increase at PT Bahana Prestasi, a subsidiary of PT Cipta Mapan Logistik to Rp 54.5 billion.
Peningkatan Modal Disetor pada PT Bahana Prestasi menjadi Rp 54,5 miliar.
Establishment of a new business: PT Lautan Natural Krimerindo, a manufacturing subsidiary producing non-dairy creamer.
May Mei
Mendirikan usaha baru: PT Lautan Natural Krimerindo, anak perusahaan manufaktur yang memproduksi non-dairy creamer.
Opening ceremony and initiation of operational activity at PT Lautan Luas Vietnam, a manufacturing subsidiary producing water treatment chemicals.
July Juli
Acara pembukaan dan peresmian aktivitas operasi pada PT Lautan Luas Vietnam anak perusahaan manufaktur yang memproduksi bahan kimia untuk pengolahan air.
Capital increase at PT Metabisulphite Nusantara, to Rp 34 billion with a corresponding increase in holding from 80% to 99.99%. PT Lautan Jasaindo increases its share holdings of PT Kujang Tirta Sarana from 30% to 40%.
Peningkatan modal pada PT Metabisulphite Nusantara menjadi Rp 34 miliar yang meningkatkan kepemilikan dari 80% menjadi 99,99%. October Oktober
PT Lautan Jasaindo meningkatkan kepemilikan atas PT Kujang Tirta Sarana dari 30% menjadi 40%.
PT LAUTAN LUAS Tbk increased its share holdings of PT Findeco Jaya from 35% to 36.43%.
PT LAUTAN LUAS Tbk meningkatkan saham kepemilikan atas PT Findeco Jaya dari 35% menjadi 36,43%.
To further the strategy of diversification, PT LAUTAN LUAS Tbk invests Rp 9 billion in PT Jakamitra Indonesia.
November Nopember
Guna meningkatkan strategi diversifikasi, PT LAUTAN LUAS Tbk menginvestasikan Rp 9 miliar pada PT Jakamitra Indonesia.
Increased the Paid-In Capital of PT Lautan Jasaindo to Rp 1.3 billion raising the 95% shareholding to 98.85%.
December Desember
Peningkatan Modal Disetor pada PT Lautan Jasaindo menjadi Rp 1,3 miliar, menaikkan 95% kepemilikan menjadi 98,85%.
Increased investment in PT Indonesia Ethanol Industry to Rp 25.3 billion, increasing its holding to 27.60% from 23%. Increased the Paid-In Capital of PT Lautan Natural Krimerindo to Rp 13.5 billion.
Peningkatan investasi di PT Indonesia Ethanol Industry menjadi Rp 25,3 miliar, tingkat kepemilikan menjadi 27,60% dari 23%. Peningkatan Modal Disetor pada PT Lautan Natural Krimerindo menjadi Rp 13,5 miliar.
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PT LAUTAN LUAS Tbk
The Corporate’s Structure Struktur Perusahaan The Corporate’s Structure
Shareholders Pemegang saham
PT LAUTAN LUAS Tbk Distributor and Manufacturer of Basic and Specialty 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 Dasar dan Khusus, serta Usaha Pendukung dan Jasa
Ownership by Kepemilikan PT LAUTAN LUAS Tbk
DISTRIBUTION SUBSIDIARY Lautan Luas Singapore Pte. Ltd. Distributes specialty & basic chemicals • AFFILIATE PT PKG Lautan Indonesia Distributes solvent chemicals •
DISTRIBUSI 100%
49,0%
MANUFACTURING SUBSIDIARIES PT Advance Stabilindo Industry Produces specialty chemicals for plastic and • PVC industry
ANAK PERUSAHAAN Lautan Luas Singapore Pte. Ltd. • Distribusi bahan kimia khusus dan dasar AFILIASI PT PKG Lautan Indonesia • Distribusi bahan kimia solvent
MANUFAKTUR 98,6%
ANAK PERUSAHAAN PT Advance Stabilindo Industry • Memproduksi bahan kimia khusus untuk industri plastik dan PVC
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 •
65,0%
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
99,93%
PT Lautan Natural Krimerindo • Memproduksi non-dairy creamer
•
PT Daiti Carbon Nusantara Produces activated carbon •
•
•
PT Lautan Natural Krimerindo non-dairy creamer •
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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 silikat (cair dan padat), potash alum
PT Metabisulphite Nusantara Produces sodium metabisulphite •
99,997%
PT Metabisulphite Nusantara • Memproduksi sodium metabisulphite
PT Pacinesia Chemical Industry Poly aluminium chloride (liquid and powder), • gypsum plaster
99,975%
PT Pacinesia Chemical Industry • Memproduksi poli aluminium klorida (cair dan bubuk), plaster gipsum
93,0%
PT White Oil Nusantara • Memproduksi white oil
•
•
PT White Oil Nusantara Produces white oil •
AFFILIATES PT Findeco Jaya Produces alkyl benzene sulfonate •
AFILIASI 36,43%
PT Findeco Jaya • Memproduksi alkyl benzene sulfonate
PT Indonesia Ethanol Industry Produces pure ethanol •
27,6%
PT Indonesia Ethanol Industry • Memproduksi pure ethanol
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, sodium 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 PT Cipta Mapan Logistik Logistic & supply chain management •
ANAK PERUSAHAAN 99,999%
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 •
98,85%
PT Lautan Jasaindo • Jasa pendukung dan laboratorium, bahan kimia khusus
PT Strategic Partner Solution Information technology solution •
99,82%
PT Strategic Partner Solution • Solusi teknologi informasi
AFFILIATE PT Jakamitra Indonesia Industrial estate •
AFILIASI 18,0%
PT Jakamitra Indonesia • Kawasan industri
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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
2010 Annual Report
Operations & Support Director Direktur Operasional & Pendukung
The Board of Commissioners’ Report Laporan Dewan Komisaris
JOAN FUDIANA President Commissioner Presiden Komisaris
PT LAUTAN LUAS Tbk
Dear Valued Stakeholders, Continuing improvement of macro economic conditions in Indonesia during 2010: Reserves up by 54%, GDP up by 6.1%, stable Central Bank lending rates, a reduction of unemployment, and strengthening of the Rupiah vis-à-vis the USD in average by 13%, all augur well for the future. As the newest member of the G-20, Indonesia is proving its ability to deliver consistent results against a backdrop of global uncertainty. And a stable growing Indonesia is good for Lautan Luas. The Company made consistent progress across several areas of strategic importance to the company during 2010. Ambitious development plans put on hold during the depth of the global crisis in 2008-09 were revived. The new manufacturing plant was commissioning in 2010 in Vietnam began production and we were granted a license to distribute product to this important, growing economy. In addition, a new ethanol plant in South Sumatra will be commissioned in Q2-2011, ground breaking for a new non-dairy creamer plant in East Java is scheduled for Q12011, and a chemical and petroleum storage facility will be commissioned in mid-2011 expanding our logistics service profile. We made other selective investments to broaden our footprint in manufacturing and distribution in Indonesia, and added new principals and their products to our growing product profile. To strengthen the Company’s ability to respond to the global recovery, we increased our working capital investment to ensure ready access by our customers to the full range of our products, both in their stock as well as in ours. Although still the smallest of our business divisions, Support and Services was the fastest growing segment, and for the first time extended its client base outside of Indonesia. We are proud of the energy and enthusiasm of our employees who expanded the reach and breadth of our CSR programs. The Company fully supported these activities, which had important impact on our communities and in several which bore the brunt of natural disasters. The Commissioners 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. Through their consistent efforts, the Company improved the quality of our internal business processes and customer service as recognized by the global ISO certification bodies, extended the breadth of our businesses, and worked by the principals of Lautan Luas Core Values.
Jakarta, April 2011
JOAN FUDIANA President Commissioner
Para Stakeholder yang Terhormat, Peningkatan berkelanjutan kondisi ekonomi makro Indonesia selama 2010: cadangan devisa yang meningkat 54%, PDB yang bertumbuh 6,1%, suku bunga pinjaman Bank Sentral yang stabil, penurunan angka pengangguran, dan penguatan nilai Rupiah terhadap USD secara rata-rata sebesar 13%, semua memberikan harapan masa depan yang cerah. Sebagai anggota terbaru G-20, Indonesia telah membuktikan kemampuannya dalam meraih kinerja yang konsisten di tengah ketidakpastian global. Dengan pertumbuhan Indonesia yang stabil adalah sangat baik untuk Lautan Luas. Selama 2010, kami meraih kemajuan yang konsisten di semua area yang secara strategis penting bagi Perseroan. Rencana pengembangan usaha yang tertunda selama masa krisis global pada 2008-09 dilanjutkan kembali. Pabrik baru yang diresmikan pada 2010 di Vietnam mulai berproduksi dan kami juga memperoleh izin untuk mendistribusikan produk di pasar yang penting di mana perekonomiannya bertumbuh pesat. Selain itu, sebuah pabrik etanol baru di Sumatera bagian Selatan akan diresmikan pada Kuartal 2-2011, peletakan batu pertama untuk pabrik non-dairy creamer di Jawa Timur dijadwalkan pada Kuartal 1-2011, dan fasilitas penyimpanan bahan kimia cair dan minyak akan diresmikan pada pertengahan 2011, di mana hal ini akan memperluas profil usaha jasa logistik kami. Kami juga melakukan investasi selektif lain untuk memperluas jejak kehadiran kami di industri manufaktur dan distribusi di Indonesia, dan menambah prinsipal baru dan beragam produk mereka ke dalam portofolio produk kami yang terus berkembang. Guna meningkatkan kemampuan Perseroan dalam merespons pemulihan global, kami meningkatkan investasi modal kerja untuk memastikan kesiapan akses bagi para pelanggan ke seluruh rentang produk kami, baik yang ada dalam persediaan mereka maupun persediaan kami. Walau masih yang terkecil di antara divisi usaha Perseroan, Pendukung dan Jasa merupakan segmen yang tumbuh paling pesat, dan untuk pertama kalinya melebarkan basis pelanggannya ke luar Indonesia. Kami bangga dengan energi dan antusiasme seluruh karyawan yang memperluas jangkauan dan cakupan program-program CSR. Perseroan sepenuhnya mendukung aktivitas tersebut, yang memberikan dampak penting bagi komunitas kami dan mereka di kawasan yang terkena bencana alam. Dalam kesempatan ini, Dewan Komisaris ingin menyampaikan penghargaan dan terima kasih kepada Direksi dan seluruh karyawan atas kerja keras dan dedikasinya. Berkat upaya konsisten mereka, Perseroan mampu meningkatkan kualitas proses usaha internal dan layanan pelanggan seperti yang ditunjukkan oleh pengakuan yang diberikan badan sertifikasi ISO global, memperluas jangkauan usaha, dan bekerja sesuai dengan prinsip-prinsip Nilai Dasar Lautan Luas.
Jakarta, April 2011
JOAN FUDIANA Presiden Komisaris
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The Board of Commissioners Dewan Komisaris JOAN FUDIANA President Commissioner
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Presiden Komisaris
Joan is an Indonesian citizen, graduated from the Faculty of Economics at St John’s University, Shanghai, China in 1949. She co-founded the Company in 1951, and then served as Director from 1961 to 1979. Thereafter, she was appointed Vice President Director in 1979, Commissioner in 1992, and Vice President Commissioner in 1997. Since 2007, Joan has held the role of President Commissioner of the Company in which she actively oversees new business development and general operations. Currently, Joan is also on the Board of Commissioners or Directors of several companies in the Lautan Luas Group. Joan, Warga Negara Indonesia, lulus dari Fakultas Ekonomi St. John’s University, Shanghai, Cina 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
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Adyansyah is an Indonesian citizen, graduated from Tuan Mong School, Singapore in 1936. He co-founded the Company in 1951. From 1979 to 1996, he was the President Director, and then from 1996 to 2007, he was President Commissioner. Since 2007, Adyansyah has held the role of Vice President Commissioner of the Company, actively in overlooking the company’s distribution and manufacturing activities. Currently, Adyansyah is also on the Board of Commissioners of several companies in the Lautan Luas Group. 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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PRANATA HAJADI Commissioner
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Pranata is an Indonesian citizen, graduated from Monash University, Melbourne, Australia in 1979 with a Bachelor of Economics, and from the University of Chicago, Chicago, USA in 1982 with a Master of Business Administration. Pranata started his career as an Auditor at Price Waterhouse & Co. in 1979, working at both the Melbourne and Jakarta offices. He then joined The First National Bank of Chicago in 1983 as its Representative in the Jakarta office. In 1986, the Bank transferred him to the Corporate Banking Department in Singapore, and then to Hong Kong regional office as the Head of International Private Banking Asia in 1988. Between 1989 and 1996, he was a partner at Business Advisory Group Singapore, a regional boutique financial advisory company. Pranata began working with PT LAUTAN LUAS Tbk as an advisor in 1989. He was appointed Vice President Director in 1996 and Commissioner in 2007. In his role as Commissioner, Pranata overlooks the Company's financial planning and corporate strategy.
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.
ZAKIR Independent Commissioner
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Zakir is an Indonesian citizen, graduated from the Indonesia Banking Academy, Jakarta in 1954. He has served on the Company’s Board of Commissioners since 1997. Prior 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. Since 1980, he has been Director of PT Taman Olahraga Jagorawi. As Independent Commissioner, Zakir actively oversees all matters related to compliance and Corporate Governance. 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 of Pelayaran Nusantara Sejati (1967-1985), dan sebagai Direktur Sari International Shipping (1970 - 1985). Sejak tahun 1980 hingga saat ini, beliau juga menjabat sebagai Direktur PT Taman Olahraga Jagorawi. Sebagai Komisaris Independen Perseroan, Zakir terlibat secara aktif dalam kepatuhan dan Tata Kelola Perusahaan.
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HARI SLAMET WIDODO Independent Commissioner
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Hari is an Indonesian citizen, graduated from Diponegoro University, Semarang, Central Java in 1977, where he majored in Chemical Engineering. He was appointed as an 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. Hari was also active at a number of state-owned enterprises prior to and during his tenure in the Ministry. From 1986 to 1993, he was appointed Secretary of the Board of Commissioners of PT Pupuk Iskandar Muda. Thereafter he held several roles as Commissioner: first at PT Petrokimia Gresik from 1993 to 1997, then PT Pupuk Kalimantan Timur in 1997, and PT Pupuk Sriwijaya from 1997 to 1999. He also served as Chairman of the Audit Committee of PT Pupuk Sriwijaya from 1999 to 2004. As Independent Commissioner and chairman of the Audit Committee 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, 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), Sekretaris 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 dan Ketua Komite Audit 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
PT LAUTAN LUAS Tbk
Dear Valued Stakeholders, During 2010, the world’s economies began to emerge in the grip of the global recession and worldwide financial crisis. At Lautan Luas, we did not let the economic turmoil distract us from creating and protecting value. In the areas of Manufacturing and Business Development, we improved the reliability of our processes, earning /extending recognitions from the ISO certification bodies. We achieved greater levels of capacity utilization and improved the supply chain by reducing bottlenecks in the supply of chemicals from our manufacturing plants. We stayed close to our partners, adding prestigious names and their products to our portfolio to provide greater value to our customers. New customers were added locally and off shore, including Africa, adding resilience to our revenue streams. Our specialty chemicals offerings were expanded with the addition of new supplier partners in paper, water treatment, plastics and food, and extended by being designated distributor of existing supplier products in Thailand and Vietnam markets. We are now uniquely positioned in the latter by the granting of a license by the Vietnam government to operate a distribution business. Together, these developments strengthened Lautan Luas’ value proposition to our customers across our growing portfolio of basic and specialty chemicals. Domestic volume grew by more than 20% in 2010 over the prior year, while Regional volume growth was led by China, with Thailand more than doubling.
Para Stakeholder yang Terhormat,
Pada 2010, perekonomian dunia mulai bangkit dari jeratan resesi global dan krisis keuangan yang melanda seluruh dunia. Di Lautan Luas, kami tak membiarkan gejolak ekonomi mengalihkan perhatian kami dari menciptakan dan mempertahankan nilai. Di bidang Manufaktur dan Pengembangan Usaha, Perseroan meningkatkan keandalan proses, memperluas pengakuan dari lembaga sertifikasi ISO. Kami meraih tingkat utilisasi kapasitas yang lebih tinggi dan meningkatkan rantai pasok dengan mengurangi hambatan pada pasokan bahan kimia dari berbagai pabrik kami. Perseroan menjaga hubungan erat dengan para mitra usaha, meningkatkan daftar portofolio kami dengan nama-nama prinsipal ternama yang bergengsi dan beragam produk mereka guna memberi nilai lebih kepada pelanggan. Perseroan berhasil menambah pelanggan baru, dari dalam maupun luar negeri, termasuk Afrika, meningkatkan ketahanan arus pendapatan kami. Bahan kimia khusus yang kami tawarkan pun kian beragam dengan masuknya para mitra pemasok baru di industri kertas, pengolahan air, plastik dan makanan, dan pasarnya meluas karena Perseroan dipercaya menjadi distributor produk dari prinsipal di pasar Thailand dan Vietnam. Perseroan telah ditunjuk secara khusus dan mendapatkan izin resmi dari pemerintah Vietnam untuk menjalankan usaha distribusi. Semua pencapaian ini telah memperkuat value proposition Lautan Luas kepada para pelanggan di seluruh portofolio bahan kimia dasar dan khusus Perseroan yang terus bertumbuh. Volume penjualan domestik meningkat lebih dari 20% pada 2010 dibandingkan tahun sebelumnya, sementara pertumbuhan volume Regional dimotori oleh pasar Cina, dan penjualan di Thailand yang meningkat jadi lebih dari dua kali lipat.
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Market uncertainty fed by the ongoing crisis, oil price volatility and pockets of strong demand, foremost among them – China, created supply constraints of some chemicals. Strengthening of the RMB, energy supply constraint and pressure to mitigate environmental degradation, impacted the competitiveness of China manufactured chemicals. This factor, along with our productivity and supply chain improvements and growing Regional footprint, and the application of the ASEAN free trade tariff reductions bode well for Lautan Luas going forward. The BOD has delineated the strategic focus of the Company for the period ahead to: l Foster the development of a highly professional, customer centric sales team with the objective to achieve market leadership as a total solution provider to our customers and to compete effectively in the global marketplace. l Develop new business opportunities in new industries / products / geographical areas. Our focus will be on products that make a difference in people’s lives: clean water and preservation of the environment through waste water and water recycling processes. We will focus on the food chain, beginning with the development of natural food ingredients, through manufacturing processes, plantation management, and into seed development through biotechnology. l Expand our regional footprint to achieve a critical mass as a supplier of choice in Chemicals and our chosen areas of service.
Ketidakpastian pasar yang dipicu oleh krisis yang terjadi, volatilitas harga minyak, dan kantong-kantong permintaan yang kuat, terutama Cina, membuat pasokan beberapa bahan kimia terkendala. Penguatan nilai RMB, hambatan pasokan energi dan tekanan untuk mengurangi kerusakan lingkungan, telah memengaruhi daya saing bahan kimia hasil produksi Cina. Faktor ini, ditambah dengan peningkatan produktivitas dan rantai pasok serta semakin kuatnya keberadaan kami di pasar Regional, juga penerapan penurunan tarif dalam kerangka perdagangan bebas ASEAN menjadi pertanda baik bagi Lautan Luas untuk maju berkembang. Untuk periode ke depan, Direksi telah membuat perencanaan Perseroan dengan fokus strategi sebagai berikut: l Meningkatkan pengembangan tim penjualan yang sangat profesional, berorientasi pelanggan guna meraih kepemimpinan pasar sebagai penyedia solusi total kepada para pelanggan dan untuk bersaing secara efektif di pasar global. l Mengembangkan peluang usaha baru di berbagai industri baru / produk / wilayah geografis baru. Fokus kami adalah produk-produk yang membuat perbaikan dalam kehidupan manusia: air bersih dan pelestarian lingkungan melalui proses daur ulang air limbah. Kami juga akan fokus pada rantai makanan, mulai dari pengembangan bahan makanan alami sampai dengan proses manufaktur, manajemen perkebunan, dan terus ke pengembangan benih dan bioteknologi. l Memperluas cakupan regional untuk mencapai volume penjualan yang besar sebagai pemasok pilihan untuk produk-produk bahan kimia dan bidang jasa tertentu.
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Build strong sourcing team in China to leverage our investments in manufacturing, distribution and services to serve local and regional markets. Enhance Productivity across key customers and products. Empower and enable our People through development by rolling out sales & marketing training as well as on the job training across a broad range of skills and aspirations as identified in employee career planning sessions.
We see a future full of opportunity for Lautan Luas by leveraging our fundamental strengths and careful expansion of our core businesses through steady, thoughtful development - qualities that have sustained us over 60 years and through numerous crises. Jakarta, April 2011
INDRAWAN MASRIN President Director
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Membangun tim sourcing yang kuat di Cina guna memanfaatkan secara maksimal investasi Perseroan di bidang manufaktur, distribusi dan jasa untuk melayani pasar lokal maupun regional. Meningkatkan produktivitas pada semua pelanggan dan produk kunci. Memberdayakan dan meningkatkan kemampuan karyawan Lautan Luas melalui upaya pengembangan dengan mengadakan pelatihan penjualan & pemasaran serta on job training untuk berbagai keterampilan dan aspirasi yang terungkap dalam berbagai sesi perencanaan karir karyawan.
Kami memandang masa depan yang penuh peluang bagi Lautan Luas dengan memanfaatkan kekuatan dasar Perseroan dan melakukan ekspansi bisnis inti secara berhati-hati melalui upaya pengembangan yang mantap dan bijaksana - suatu hal yang telah membuat Perseroan terus berkembang selama lebih dari 60 tahun, melalui berbagai krisis.
Jakarta, April 2011
INDRAWAN MASRIN Presiden Direktur
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The Board of Directors Direksi INDRAWAN MASRIN President Director
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Presiden Direktur
Indrawan is an Indonesian citizen, graduated from Bradley University, Illinois, USA in 1973 with a Master of Science in Mathematics. He joined Lautan Luas in 1975 as Marketing Manager. In 1985, he was appointed Director and then Vice President Director in 1992. Since 1996, Indrawan has served as President Director, directing the Company’s growth and expansion. Currently, he is also on the Board of Commissioners or Directors of a number of companies in the Lautan Luas Group. 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
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Jimmy is an Indonesian citizen, graduated from University of Oklahoma, USA in 1985 with a Bachelor of Arts, 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 as the Marketing Manager. He joined the Lautan Luas Group in 1989 as Vice President Director of a subsidiary company. In 1990, he was appointed Director at Lautan Luas, then Managing Director from 1996 to 2007. Since 2007, he has served as 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. 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 bertanggung jawab atas strategi Perseroan dalam perkembangan usaha baru Perseroan.
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JOSHUA CHANDRAPUTRA ASALI Managing Director , Business Development & Manufacturing Director Direktur Pengelola, Direktur Pengembangan Usaha & Manufaktur
Joshua is an Indonesian citizen, graduated from the University of Minnesota in 1977 with a Bachelor degree in Chemical Engineering, and from the University of Illinois in 1983 with a PhD in Chemical Engineering. Joshua joined PT Lautan Luas Tbk in 1984 as a Sales Executive. Since then his career has included roles as Sales Manager (1987 - 1992), Marketing Manager (1992 1996) and Marketing Director (1996 - 2007) before being appointed as Managing Director and Business Development & Manufacturing Director of the Company in 2008. In this role, Joshua leads the Company's operations on a day-to-day basis, championing areas such as human resources and is responsible for new development and growth of the Company's manufacturing activities. Currently, Joshua is also on the Board of Commissioners or Directors of several companies within Lautan Luas Group. 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.
HERMAN SANTOSO Operations & Support Director
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Herman is an Indonesian citizen, graduated from the Faculty of Technology at Trisakti University, Jakarta in 1985 with a Bachelor in Electrical Engineering, and from The American Graduate School of International Management (Thunderbird), Arizona, USA in 1987 with a Master of International Management. He joined the Company in 1988 as Assistant Manager of Finance. In 1993, he was appointed Finance Manager, then Director of Operations in 2002. Since 2007, he has served as Operations & Support Director of the Company in which he oversees the financial, operational, and administrative affairs 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. 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 Pendukung 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 Pendukung, Herman bertanggung jawab atas keuangan, operasional, dan administrasi Perseroan.
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SOEWANDHI SOEKAMTO Sales & Marketing / Commercial Director
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Direktur Penjualan & Pemasaran / Komersial
Soewandhi is an Indonesian citizen, graduated from Oregon State University, USA in 1990 with a Bachelor in Chemical Engineering. He joined the Company in 1991 as a Sales Executive. From his appointment in 1996 as Sales Manager, his career unfolded progressively through the sales and marketing organizations leading to his appointment in 2006 as a Strategic Business Unit Head. Then in 2007, Soewandhi was named Sales & Marketing / Commercial Director of the Company in which he is responsible for the Company’s sales and marketing activities and ensuring continued growth in market share. Currently, he is also on the Board of Directors of several companies in the Lautan Luas Group. 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 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 The tenets of Good Corporate Governance (GCG) have always been considered integral to PT LAUTAN LUAS Tbk management philosophy and a fundamental cornerstone in achieving sustainable growth. The principles have enabled the Company to become a leading regional integrated chemical distribution and manufacturing company. Listed since 1997 on the Indonesia Stock Exchange, the Company has all the normative GCG instruments required by Bapepam-LK including an Internal Audit function, Audit Committee of the BOC, and appointment of Independent Commissioners.
Prinsip-prinsip Tata kelola Perusahaan yang Baik (GCG) selalu menjadi bagian integral dari falsafah manajemen dan pijakan fundamental bagi PT LAUTAN LUAS Tbk dalam meraih pertumbuhan berkelanjutan. Prinsip-prinsip GCG tersebut telah memungkinkan Perseroan mengibarkan diri menjadi sebuah perusahaan distribusi dan manufaktur bahan kimia terintegrasi yang terkemuka secara regional. Terdaftar sejak 1997 di Bursa Efek Indonesia, Perseroan telah memiliki seluruh perangkat normatif GCG yang dipersyaratkan oleh Bapepam-LK, termasuk Audit Internal, Komite Audit yang berada di bawah Dewan Komisaris, dan Komisaris Independen.
The Company’s GCG practices are dynamic and continuously being improved. Moreover, with the tremendous difficulties posed by the recent economic crisis, the principles of GCG have provided a clear framework for management and staff to adapt and improve their competencies to meet the challenges of the current environment.
Praktek GCG Perseroan bersifat dinamis dan terus ditingkatkan. Di tengah berbagai kesulitan akibat krisis ekonomi yang melanda belakangan ini, prinsip - prinsip GCG telah memberikan kerangka kerja yang jelas bagi manajemen dan staf Perseroan untuk menyesuaikan diri dan meningkatkan kompetensi guna menghadapi tantangan yang menghadang.
THE BOARD OF COMMISSIONERS
DEWAN KOMISARIS
The Board of Commissioners (”BOC”) duty is to monitor Company performance and provide guidance to the Board of Directors (”BOD”). Formal communication between the BOC and the BOD occurs through regular meetings to review BOD performance during the preceding period and its plans for the immediate future.
Tugas Dewan Komisaris adalah memantau kinerja Perseroan dan memberikan arahan kepada Direksi. Komunikasi formal antara Dewan Komisaris dan Direksi dilakukan melalui pertemuan rutin untuk membahas kinerja Direksi pada periode sebelumnya dan rencana Direksi untuk periode mendatang.
THE BOARD OF DIRECTORS
DIREKSI
Lautan Luas’ BOD is responsible for the Company’s overall performance and for compliance with all internal policies and applicable external regulations. The BOD is also responsible for the implementation of strategies to align current and future plans with the corporate vision. The BOD consists of five members and reports to the BOC. In 2010, the BOD held official meetings monthly, supplemented by frequent informal meetings throughout the year. The BOD also provides in-depth updates to the BOC on a regular basis.
Direksi Lautan Luas bertanggung jawab atas kinerja Perseroan secara keseluruhan, juga atas kesesuaian dengan seluruh kebijakan internal dan peraturan eksternal yang berlaku. Direksi bertanggung jawab pula atas penerapan strategi untuk menyesuaikan dengan visi perusahaan rencana yang sedang maupun akan dijalankan. Direksi terdiri dari lima orang dan bertanggung jawab kepada Dewan Komisaris. Pada 2010, Direksi menyelenggarakan pertemuan bulanan, ditambah berbagai pertemuan sepanjang tahun. Direksi secara berkala juga memberikan updates mendalam kepada Dewan Komisaris.
AUDIT COMMITTEE
KOMITE AUDIT
The Audit Committee of PT LAUTAN LUAS Tbk was formed by the Board of Commissioners on 31 March 2003 to support and facilitate the BOC’s supervisory function. The Company’s Audit Committee is composed entirely of independent parties who meet the qualifications established by Bapepam-LK and chaired by an Independent Commissioner of the Company. The Audit Committee provides professional, independent opinions
Komite Audit PT LAUTAN LUAS Tbk dibentuk oleh Dewan Komisaris pada 31 Maret 2003 untuk mendukung dan memfasilitasi fungsi pengawasan Dewan Komisaris. Anggota Komite Audit Perseroan sepenuhnya berasal dari kalangan independen yang memenuhi kualifikasi Bapepam-LK dan diketuai oleh seorang Komisaris Independen. Komite Audit memberikan pendapat profesional dan independen kepada Dewan Komisaris
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to the BOC on reports and/or other information presented by the BOD, identifies matters that need the BOC attention, and carries out other assignments given by the BOC.
atas laporan dan / atau informasi lain yang disampaikan oleh Direksi, mengidentifikasi permasalahan yang memerlukan perhatian Dewan Komisaris, dan melaksanakan tugas-tugas lainnya yang diberikan oleh Dewan Komisaris.
The Audit Committee in 2010 is comprised of three independent members:
Pada 2010 Komite Audit Perseroan terdiri dari tiga anggota yang semuanya independen:
1. Hari Slamet Widodo, Chairman of Audit Committee 2. Budhy Kurniawan Ratulangi, Committee Member 3. Sjahdarma Yunir, Committee Member
1. Hari Slamet Widodo, Ketua Komite Audit 2. Budhy Kurniawan Ratulangi, Anggota Komite 3. Sjahdarma Yunir, Anggota Komite
Audit Committee Report:
Laporan Komite Audit:
In 2010, the Audit Committee conducted meetings to discuss internal audit activity, compliance with Company and statutory rules and regulations, and the external auditor work plan and progress. The meetings were attended by at least two of the three Audit Committee members, the Operations & Support Director, Head of Internal Audit, and the Accounting Division Head and supporting staff. Meetings with the External Auditor were attended by the Audit Partner and Senior Manager.
Selama 2010, Komite Audit menyelenggarakan beberapa kali pertemuan untuk membicarakan aktivitas audit internal, kesesuaian dengan peraturan / perundang-undangan dan ketentuan Perseroan, serta rencana dan kemajuan kerja auditor eksternal. Pertemuan tersebut dihadiri oleh setidaknya dua dari tiga anggota Komite Audit, Direktur Operasional dan Pendukung, Ketua Audit Internal, dan Kepala Divisi Akuntansi serta staf pendukung. Pertemuan dengan Auditor Eksternal dihadiri oleh para Mitra Auditor dan Manajer Senior.
The Audit Committee also reviewed and discussed the Financial report before being released to the public and submitted to the Capital Markets and Financial Institutions Supervisory Agency (Bapepam–LK).
Komite Audit juga membahas dan membicarakan Laporan Keuangan sebelum diumumkan ke publik dan diserahkan ke Badan Pengawas Pasar Modal dan Lembaga Keuangan (Bapepam–LK).
Based on the reports we have reviewed, meetings with the Director and External Auditor, the Audit Committee in the opinion that operational controls and reporting by the Company have been executed comprehensively and truthfully.
Berdasarkan pengkajian berbagai laporan yang kami lakukan, pertemuan dengan Direksi dan Auditor Eksternal, Komite Audit berpendapat bahwa pengendalian operasional dan pelaporan oleh Perseroan telah dilakukan secara komprehensif dan benar.
Audit Committee of PT LAUTAN LUAS Tbk Komite Audit PT LAUTAN LUAS Tbk 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
HARI SLAMET WIDODO Chairman of Audit Committee Ketua Komite Audit
BUDHY KURNIAWAN RATULANGI Member of Audit Committee Anggota Komite Audit
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SJAHDARMA YUNIR Member of Audit Committee Anggota Komite Audit
PT LAUTAN LUAS Tbk
Non-Commissioner Member of the Audit Committee Anggota Komite Audit, Non-Komisaris BUDHY KURNIAWAN RATULANGI Member of Audit Committee
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Budhy is an Indonesian citizen, graduated from University of Toronto, Canada in 1977 with a Bachelor of Commerce, and from 1982, a Certified Management Accountant (CMA) of the Society of Management Accountants, Canada. 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 practices to ensure compliance with capital market and stock exchange rules and regulations. Budhy adalah warga negara Indonesia, lulus dari University of Toronto, Kanada, pada 1977 dengan gelar Bachelor of Commerce, dan sejak 1982, mendapat pengakuan sebagai Certified Management Accountant (CMA) dari Perhimpunan Manajemen Akuntan, Kanada. Budhy mengawali karirnya di Indonesia pada 1985. Beliau pernah menduduki berbagai posisi kunci di sejumlah perusahaan multinasional besar, seperti Citibank, Mercantile Club, dan Chase Manhattan Bank. Sejak 1994 beliau menjadi konsultan independen untuk sejumlah perusahaan di Indonesia. Saat ini beliau juga menjadi anggota Komite Audit untuk perusahaan publik Indonesia lainnya. Budhy telah menjadi anggota Komite Audit Perseroan sejak 2002. Sebagai, Anggota Komite Audit Perseroan, Budhy mengkaji praktek-praktek yang dilakukan Perseroan guna memastikan kesesuaiannya dengan ketentuan dan peraturan pasar modal dan bursa efek.
SJAHDARMA YUNIR Member of Audit Committee
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Sjahdarma is an Indonesian citizen, 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. Thereafter, he held senior leadership roles in several Indonesian companies prior to joining Lautan Luas, including: General Manager of PT Golden Gate (1986 to 1990), President Director of PT Dianmas Panatabumi (1991 to 1995), Director of PT Unggul Indah Cahaya Tbk (1995 to 2000), and Director of PT BDP Indonesia (2000 to 2008). 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 adalah warga negara Indonesia, lulusan Lembaga Pendidikan Penerbangan Udara, Curug, pada 1972. Sjahdarma memulai karirnya di PT Sempati Air Transport, dan antara 1972 dan 1984, beliau menjadi pilot untuk sejumlah maskapai penerbangan Indonesia. Setelah itu, beliau memegang jabatan kepemimpinan senior di beberapa perusahaan Indonesia sebelum bergabung dengan Lautan Luas, termasuk sebagai General Manager pada PT Golden Gate (1986 - 1990), Direktur Utama 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 2007. Sebagai anggota Komite Audit, Sjahdarma meninjau dan merekomendasikan tindakan untuk memastikan penerapan Tata Kelola Perusahaan yang Baik di Perseroan.
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INTERNAL AUDIT
AUDIT INTERNAL
Internal Audit is an integral part of the Company’s internal control mechanism. Among its main functions are to give constructive and consultative inputs to management, and to enhance the promotion of GCG best practices in the Company’s internal policies and procedures.
Audit Internal merupakan bagian integral dari mekanisme pengendalian internal Perseroan. Fungsi utama Audit Internal antara lain memberikan masukan konstruktif dan konsultatif kepada manajemen serta meningkatkan penerapan GCG best practices dalam kebijakan dan prosedur internal Perseroan.
During 2010, Internal Audit conducted reviews of several departments within the Company as well as its subsidiaries and affiliates. Reports are of these reviews are submitted to the President Director. The Internal Audit team also conducted regular meetings with the Audit Committee to advise of the outcomes of its activities and coordinate implementation of the Company’s internal control system. All recommendations are monitored to ensure proper implementation by the appropriate departments or subsidiaries and affiliates.
Sepanjang 2010, Audit Internal melakukan pengkajian terhadap beberapa departemen dalam Perseroan serta anak perusahaan dan perusahaan afiliasinya. Laporan dari kajian tersebut diserahkan kepada Direktur Utama. Tim Audit Internal juga melakukan pertemuan rutin dengan Komite Audit untuk melaporkan hasil dari berbagai aktivitasnya dan mengkoordinasi penerapan sistem pengendalian internal Perseroan. Seluruh rekomendasi tersebut dipantau guna memastikan penerapannya secara benar oleh departemen atau anak perusahaan dan perusahaan afiliasi yang tepat.
PUBLIC ACCOUNTANT
AKUNTAN PUBLIK
In the prior Annual General Meeting of the Shareholders, Purwantono, Suherman & Surja, a Public Accountant Office affiliated with Ernst & Young Global was appointed to audit the Company’s accounting records for year 2010. The appointment of PS&S was thereafter executed by the BOD with the approval of President Commissioner as authorized in the 2010 AGM.
Dalam Rapat Umum Pemegang Saham terdahulu, Purwantono, Suherman & Surja, Kantor Akuntan Publik yang terafiliasi dengan Ernst & Young Global terpilih untuk mengaudit catatan akuntansi Perseroan untuk tahun 2010. Penunjukan PS&S kemudian dilakukan oleh Direksi dengan persetujuan Komisaris Utama seperti yang diamanatkan oleh RUPS 2010.
Audit results for 2010 financial year state that Lautan Luas’ consolidated financial report was presented fairly and in conformity with generally accepted accounting principles in Indonesia.
Hasil Audit untuk tahun keuangan 2010 menyatakan bahwa laporan keuangan terkonsolidasi Lautan Luas disajikan secara wajar, sesuai dengan 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 to facilitate communication between 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 memiliki Sekretaris Perusahaan sejak 1997. Fungsi Sekretaris Perusahaan adalah memfasilitasi komunikasi antara Perseroan dan para pemegang saham, otoritas pasar modal dan regulator keuangan, serta para pemangku kepentingan lainnya. Tim Sekretaris Perusahaan juga bertanggung jawab menyampaikan seluruh informasi yang relevan kepada pemangku kepentingan Perseroan secara tepat waktu, akurat, dan transparan.
ACCESS TO INFORMATION
AKSES INFORMASI
It is Company policy to disclose information in a timely manner. Lautan Luas provides access to essential information by interested parties through its website (www.lautan-luas.com) and by direct mail. In addition, the Company also conducts regular meetings with the m e d i a , i n v e s t o r s , a n d o t h e r s ta k e h o l d e r s .
Adalah kebijakan Perseroan untuk menyampaikan informasi secara tepat waktu. Lautan Luas menyediakan akses terhadap informasi yang penting bagi pihak-pihak tertentu melalui situs Perseroan (www.lautan-luas.com) dan surat langsung. Selain itu, Perseroan juga melakukan rapat rutin dengan media, investor, dan para pemangku kepentingan lainnya.
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Risk Management Manajemen Risiko Business risk management is the identification, assessment, and prioritization of uncertainty on Company objectives, followed by coordinated, economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events. Risks can come from uncertainty in financial markets, project failures, legal liabilities, credit risk, accidents, natural causes and disasters as well as from competitor actions. Risk management efforts mitigate such impacts on the Company’s business activities to ensure that the Company’s goals could be optimally attained.
Manajemen risiko usaha adalah identifikasi, penilaian, dan prioritisasi ketidakpastian pada tujuan Perseroan, diikuti dengan penggunaan sumber daya secara ekonomis dan terkoordinasi guna meminimalkan, memantau, dan mengendalikan kemungkinan dan / atau dampak kejadian yang tak diinginkan. Risiko dapat berasal dari ketidakpastian di pasar keuangan, kegagalan proyek, tuntutan hukum, risiko kredit, kecelakaan, kejadian dan bencana alam, serta tindakan para pesaing. Upaya manajemen risiko dimaksudkan untuk mengurangi dampak tersebut pada aktivitas usaha Perseroan guna memastikan bahwa tujuan Perseroan dapat tercapai secara optimal.
In 2010, Lautan Luas continued the implementation of proactive risk assessment measures initiated at the onset of the Global financial crisis to: • Closely monitor market volatility to better identify business risks posed by the economic crisis; • Identify and analyze potential sources of risk, within the Company, its subsidiaries and affiliates; • Adjust plans accordingly.
Pada 2010, Lautan Luas terus menerapkan strategi penilaian risiko proaktif, yang telah dilakukan sejak terjadinya krisis keuangan Global untuk: • Memantau secara lekat volatilitas pasar agar dapat mengidentifikasi dengan lebih baik risiko usaha akibat krisis ekonomi; • Melakukan identifikasi dan analisis potensi risiko, baik di Perseroan, anak perusahan maupun perusahaan afiliasinya; • Menyesuaikan rencana berdasarkan temuan yang ada.
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 terintegrasi yang terkemuka secara regional dapat berasal baik dari luar maupun dalam Perseroan. Secara ringkas, risiko tersebut adalah sebagai berikut:
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Risk Related to the Continuation of Supply Lautan Luas has distribution agreements with over 100 principals, representing a significant portion of its business as a distributor of basic and specialty chemicals. The Company’s ability to manage and maintain these relationships has a direct effect on the business.
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Untuk mencegah risiko yang terkait kesinambungan pasokan, dari tahun ke tahun Perseroan berupaya meningkatkan kompetensi dan profesionalismenya dalam mendistribusikan produk berbagai prinsipal. Dengan kinerja terus meningkat, Perseroan akan dapat menjalin hubungan jangka panjang yang lebih baik dengan para prinsipalnya serta menjadi distributor terpilih bagi para pemasok baru yang potensial.
To alleviate this risk, the Company continuously strives to improve its level of competence and professionalism in the distribution of its principles’ products year after year. With improved performance, the Company will maintain better long-term relationships with its principals as well as becoming the preferred choice of potential new suppliers.
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Risk of Price Fluctuation Lautan Luas’ performance is affected by fluctuations in the price of products it manufactures and distributes. To address this risk, the Company adopts a policy of
Risiko Terkait Kesinambungan Pasokan Lautan Luas memiliki perjanjian distribusi dengan lebih dari 100 prinsipal, yang menjadi bagian signifikan dari usahanya sebagai distributor bahan kimia dasar dan khusus. Kemampuan mengelola dan memelihara hubungan tersebut berdampak langsung terhadap usaha Perseroan.
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Risiko Fluktuasi Harga Kinerja Lautan Luas dipengaruhi oleh fluktuasi harga produk yang dibuat sendiri dan didistribusikannya. Untuk mengatasi risiko ini, Perseroan mengadopsi
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product diversification, favoring higher value added specialty chemicals where prices are generally more stable compared to those of basic chemicals.
kebijakan diversifikasi produk, meningkatkan proporsi penjualan bahan kimia khusus bernilai tambah lebih tinggi yang harganya secara umum lebih stabil dibanding bahan kimia dasar.
In addition, the Company also monitors its levels of inventory closely to favorably leverage projected price fluctuations in the market.
Selain itu, Perseroan juga memantau secara lekat tingkat persediaannya sehingga dapat memanfaatkan secara baik fluktuasi harga yang terjadi di pasar.
Competitive Risk Lautan Luas continuously expands its product offering with the objective of becoming the supplier of choice by meeting an ever growing portion of its customers’ chemical needs - becoming effectively the preferred, “one-stop shop” supplier.
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Lautan Luas has broad reach and depth of offering. It currently represents the products from over 100 international principals, distributing over 1,000 chemical products from the principals and its in-house manufacturing to more than 2,000 industrial end-user customers. The Company considers its broad product offering as a strong advantage over the competition.
Risiko Persaingan Lautan Luas terus memperluas rentang produk yang ditawarkan sehingga menjadi pemasok pilihan, memenuhi porsi yang lebih besar dari kebutuhan bahan kimia pelanggan - secara efektif menjadi pemasok “one-stop shop” terpilih. Lautan Luas menawarkan rentang produk yang luas dan dalam. Saat ini Perseroan mendistribusikan mewakili lebih dari 100 prinsipal internasional, mendistribusikan lebih dari 1.000 produk kimia, baik yang berasal dari prinsipal maupun hasil produksi sendiri ke lebih dari 2.000 pelanggan industri. Perseroan yakin, luasnya rentang produk yang ditawarkan merupakan sebuah kelebihan besar dibanding para pesaing.
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Technological Risk Technology, especially information technology, is evolving rapidly. The Company makes continuous investments in technology to keep up with the latest developments, enabling it to provide the best solutions and service to its customers. To keep abreast of changes in the market, the Company conducts regular seminars with its principals to identify the latest developments in product technologies and changing customer expectations.
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Risiko Teknologi Teknologi, terutama teknologi informasi, berkembang sangat cepat. Perseroan terus melakukan investasi di bidang teknologi untuk mengikuti perkembangan terkini, sehingga memungkinkannya memberikan solusi dan layanan terbaik kepada para pelanggan. Untuk mengikuti perubahan pasar, Perseroan menyelenggarakan seminar rutin dengan para prinsipal guna mengidentifikasi perkembangan terkini terkait teknologi produk dan ekspektasi pelanggan yang terus berubah.
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Environmental Risk Lautan Luas continuously implements a rigorous environmental monitoring system at its manufacturing plants, distribution facilities, and waste processing systems. All of its manufacturing subsidiaries comply with regulatory requirements for the environment. The Company also implements strict safety, health, and environmental standards for employees in all its manufacturing facilities.
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Risiko Lingkungan Lautan Luas senantiasa menerapkan sistem pemantauan lingkungan yang ketat di pabrik, fasilitas distribusi, dan sistem pengolahan limbahnya. Seluruh anak perusahaan Perseroan di bidang manufaktur telah memenuhi semua peraturan yang terkait lingkungan. Perseroan juga telah menerapkan standar keamanan, kesehatan, dan lingkungan yang ketat bagi seluruh karyawan di segenap fasilitas produksinya.
Currently, most of the Company’s subsidiaries have been awarded with ISO 14001 and OHSAS 18001 certifications. During 2010, PT Lautan Sulfamat Lestari received three certifications: ISO 9001 : 2008, ISO 14001 : 2004, and OHSAS 18001 : 2007.
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Saat ini, sebagian besar anak perusahaan Perseroan telah mendapat sertifikasi ISO 14001 dan OHSAS 18001. Pada 2010, PT Lautan Sulfamat Lestari menerima tiga sertifikasi: ISO 9001:2008, ISO 14001:2004, dan OHSAS 18001:2007.
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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 at that time.
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However, the strategy of diversification in products and industries served by the Company, and growth in the number of its principals and customers, mitigates this risk. In addition, in recent years the Company has also moved to increase its regional sales to reduce dependence on the Indonesian economy.
Risiko Ekonomi Kinerja usaha Lautan Luas sangat dipengaruhi oleh kinerja industri akhir yang menjadi pelanggan Perseroan. Dengan demikian, kelesuan ekonomi dapat berpengaruh negatif terhadap kinerja Perseroan karena melemahnya permintaan. Tetapi, strategi diversifikasi produk maupun industri yang dilayani oleh Perseroan, serta pertumbuhan jumlah prinsipal dan pelanggan, mengurangi risiko ini. Selain itu, dalam beberapa tahun terakhir ini Perseroan juga telah berhasil meningkatkan penjualan regionalnya sehingga mengurangi ketergantungan terhadap perekonomian Indonesia.
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Foreign Exchange Risk The Company has long adopted the conservative principle of hedging its foreign exchange exposure where deemed necessary with products provided by reputable financial institutions. In addition, Sales are now primarily denominated in USD, matching the principal inputs to Cost of Sales.
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Risiko Nilai Tukar Perseroan telah sejak lama menganut prinsip konservatif dalam lindung-nilai terhadap paparan valuta asing yang dianggap perlu dengan berbagai produk yang ditawarkan lembaga keuangan bereputasi tinggi. Selain itu, saat ini Penjualan Perseroan terutama juga dalam USD, padan dengan input utama Harga Pokok Penjualan.
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Human Resources Risk The ability of a company to flourish, grow and differentiate itself from the competition is determined by, among other factors, its capability to attract, retain and nurture its human resources.
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Risiko Sumber Daya Manusia Kemampuan sebuah perusahan untuk tumbuh, berkembang, dan mendiferensiasi diri dari para pesaing ditentukan oleh, antara lain, kemampuannya dalam menarik, mempertahankan, dan meningkatkan sumber daya manusia (SDM)-nya.
Lautan Luas considers its human resource 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 endeavors to create a culture of a learning organization to leverage the best within each of its employees. Commitment to these qualities has enabled the Company to achieve a strategic transition of its sales portfolio to a greater proportion of higher value added specialty chemicals.
Lautan Luas menganggap SDM sebagai aset Perseroan yang paling berharga. Karena itu, Perseroan tak segan melakukan investasi besar untuk pendidikan berkelanjutan bagi seluruh karyawan Lautan Luas seraya berupaya memberikan kebijakan remunerasi yang baik. Selain itu, Perseroan berupaya pula menciptakan budaya sebuah organisasi pembelajar, guna menampilkan kemampuan terbaik seluruh dan setiap karyawannya. Komitmen yang tinggi terhadap hal ini telah memungkinkan Perseroan meraih keberhasilan melakukan peralihan strategis portofolio penjualannya, meningkatkan proporsi bahan kimia khusus yang bernilai tambah tinggi.
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Corporate Social Responsibility Tanggung Jawab Sosial Perusahaan Lautan Luas' corporate social responsibility program supports a wide range of projects and activities. The program demonstrates how engaging community stakeholders not only supports corporate goals and responsibility, but also encourages nonprofit organizations to promote social change in a positive and sustainable way. Lautan Luas supports several major corporate social responsibility initiatives, including: l
Alleviating poverty in Indonesia, this program seeks to eliminate sub standard housing and homelessness in Indonesia and to make decent shelter a matter of conscience and action.
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Pengentasan kemiskinan di Indonesia, program ini dimaksudkan untuk menghapus keberadaan perumahan substandar dan masalah ketunawismaan di Indonesia serta membangun tempat tinggal yang layak sebagai sebuah kesadaran dan tindakan nyata.
Volunteerism
Sukarelawan
In addition to financial support of specific CSR programs, Lautan Luas encourages participation by employees of all ages. In this regard, our employees partner with non-profit organizations in many activities, including the building of decent, affordable housing. The Lautan Luas volunteer program welcomes all who want to make a difference by picking up a hammer and helping to change lives.
Selain bantuan keuangan spesifik dari program CSR, Lautan Luas juga mendorong partisipasi seluruh karyawan Perseroan. Di sini, karyawan kami bermitra dengan berbagai organisasi nirlaba dalam beragam aktivitas, termasuk pembangunan perumahan yang layak dan terjangkau. Program sukarelawan Lautan Luas menerima baik semua pihak yang ingin membuat perbaikan dengan mengayun palu, membantu mengubah nasib masyarakat yang kurang beruntung.
Rebuilding Together : 31 July 2010, PT LAUTAN LUAS Tbk Event at Karang Tengah, Babakan Madang, Bogor.
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Program tanggung jawab sosial perusahaan (CSR) Lautan Luas dirancang untuk membantu berbagai proyek dan aktivitas. Program ini menunjukkan bagaimana keterlibatan komunitas terkait bukan hanya membantu tercapainya tujuan dan tanggung jawab perusahaan, melainkan juga mendorong kalangan organisasi nirlaba untuk mempromosikan perubahan sosial secara positif dan berkelanjutan. Selama ini, Lautan Luas telah membantu berbagai inisiatif besar CSR, termasuk:
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Bersama Membangun Kembali: 31 Juli 2010, PT LAUTAN LUAS Tbk Kegiatan tersebut bertempat di Karang Tengah, Babakan Madang, Bogor.
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Rebuilding Together : 9 October 2010, Lautan Luas employees joined local residents in a program for the sub-district of Babakan Madang, Sentul. Fifty participants laid foundations of river rock and cement to build four houses.
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Clean water, this program focuses on the need for clean water that arises from natural disasters and in disadvantaged areas. Lautan Luas helps by providing clean water through the installation of water purification units. The purified water installations serve more than 6,000 people per day in disaster and disadvantaged areas.
9 Oktober 2010, Karyawan Lautan Luas bergabung dengan penduduk setempat di Babakan Madang, Sentul. Lima puluh peserta meletakkan dasar-dasar bangunan dan semen untuk membangun empat rumah.
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Air bersih, program ini fokus pada kebutuhan mendesak akan air bersih di kawasan yang terkena bencana alam dan daerah lain yang kesulitan air. Lautan Luas memberikan bantuan dengan menyediakan air bersih melalui pemasangan unit pemurnian air. Instalasi pemurnian air ini dapat melayani lebih dari 6.000 orang per hari di daerah bencana dan sulit air.
Mt. Merapi Eruption Disaster Response Program
Program tanggap Letusan Gunung Merapi
On October 30, 2010, Lautan Luas sent a water purification unit to the disaster shelter areas in Yogyakarta. One more unit was delivered in mid-November 2010. This Lautan Luas program aims to provide clean water for the victims / evacuees in the disaster areas. We expect to serve more than 20,000 people a day. Lautan Luas budgeted Rp 150 million to cover the operational expenses to run two water purification units for three months. The covered expenses included diesel fuel, operators, chemical & filter bag consumables.
Pada 30 Oktober 2010, Lautan Luas mengirim unit pemurnian air ke daerah pengungsian di Yogyakarta. Satu unit lainnya dikirim pada pertengahan November 2010. Program Lautan Luas yang satu ini ditujukan untuk menyediakan air bersih bagi korban / pengungsi di daerah bencana. Kami berharap dapat melayani lebih dari 20.000 orang per hari. Lautan Luas menganggarkan Rp 150 juta guna menutup biaya operasional buat menjalankan dua unit pemurnian air tersebut selama tiga bulan. Biaya yang ditanggung termasuk solar, operator, bahan habis pakai seperti bahan kimia & kantong filter untuk penyaringan.
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Other programs, include:
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Program-program lain, termasuk: l
Provides help for Indonesian communities impacted by disasters. This program extends Lautan Luas corporate giving by matching employee donations earmarked for natural disaster areas in Indonesia.
Thank you Kompas, 21 December 2010 : Lautan Luas matched employee donations for the Mentawai & Wasior Disaster Response Program. We’ll pass half of the funds through Habitat for Humanity for Mentawai Disaster Project, and the rest through the Dana Yayasan Kompas for Wasior Disaster Project
Subsidiary Programs
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Memberikan bantuan kepada komunitas Indonesia yang terkena dampak bencana. Program ini memperluas pemberian bantuan Lautan Luas dengan menyamai jumlah setiap donasi yang diberikan para karyawan bagi daerah-daerah yang terkena bencana alam di Indonesia.
Terima kasih Kompas, 21 Desember 2010 : Lautan Luas menyamai jumlah donasi karyawan yang telah terkumpul dan bersama-sama menyumbangkannya untuk Program Tanggap Bencana Mentawai & Wasior. Kami menyalurkan separuh dana yang terkumpul melalui Proyek Bantuan Bencana Habitat untuk Kemanusiaan Mentawai, dan sisanya melalui Dana Yayasan Kompas untuk Proyek Bantuan Bencana Wasior. l
Lautan Luas subsidiaries are encouraged to develop and pursue their own CSR programs appropriate to the needs of the communities in which they are based. For example, in 2010 PT Liku Telaga implemented a broad range of activities including distribution of basic food necessities and qorban to the needy, organizing a blood donor program, support of the victims of the eruption of Mt. Merapi, mosquito mitigation, public areas cleanup, and support of the police infrastructure needs.
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Tanggap Bencana Lautan Luas
Program-program Anak Perusahaan Kalangan anak perusahaan Lautan Luas didorong untuk mengembangkan dan melaksanakan program-program CSR mereka sendiri, sesuai dengan kebutuhan komunitas tempat mereka berkiprah. Sebagai contoh, pada 2010 PT Liku Telaga menjalankan sejumlah kegiatan, termasuk distribusi kebutuhan pangan dasar dan qurban untuk mereka yang membutuhkan, mengorganisasi program donor darah, membantu korban letusan Gunung Merapi, membantu penanggulangan nyamuk, membersihkan kawasan publik, dan membantu kebutuhan infrastruktur kepolisian.
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Recognition of Accident Free Operations An additional and important area in which Lautan Luas and subsidiaries respect the integrity of our community and workplace environments is by adhering to the highest standards of safe manufacturing practices; we were recognized in 2010 by industry and supplier monitoring bodies for our achievements in this area.
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Penghargaan atas Kecelakaan Nihil Hal penting lain yang menunjukkan penghargaan Lautan Luas dan anak-anak perusahaannya kepada integritas komunitas dan lingkungan kerjanya adalah penerapan standar tertinggi safe manufacturing practices; pada 2010 kami mendapat pengakuan dari berbagai lembaga pemantauan industri dan pemasok atas pencapaian kami di bidang ini.
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Management Discussion and Analysis Pembahasan dan Analisa Manajemen GENERAL
TINJAUAN UMUM
The global economy recovery is gathering momentum. In 2010, the US delivered a 2.1% increase in GDP following a 3.2% drop in 2009 and China, the second global economy, recorded a World leading GDP growth of 9%. Private consumption, which fell sharply during the crisis, started to gain a foothold in the major advanced economies. Conditions across the emerging economies, including Indonesia which grew by 6.1%, remained robust buoyed by well-entrenched private demand, still-accommodative policy stances, and resurgent capital inflows.
Pemulihan ekonomi global sedang memperoleh momentumnya. Pada 2010, Amerika Serikat (AS) meraih pertumbuhan PDB 2,1%, setelah mengalami penurunan 3,2% pada 2009 dan Cina, perekonomian kedua terbesar dunia, mencatat pertumbuhan PDB tertinggi, 9%. Konsumsi swasta, yang merosot tajam selama krisis, mulai beranjak naik di berbagai negara maju utama. Kondisi di negara berkembang, termasuk Indonesia yang tumbuh 6,1%, tetap kuat didukung oleh permintaan swasta yang tetap tinggi, kebijakan pemerintah yang tetap akomodatif, dan arus masuk modal kembali meningkat.
By several important measures, 2010 was a good year for Indonesia and therefore, for Lautan Luas: l Unemployment declined from 7.9% in 2009 to 7.1% in 2010. l Cumulatively for 2010, the total investment realized from both foreign and domestic sources was Rp 208.5 trillion, a 54.2% increase compared to 2009 and 30.2% above the government’s target. l Although 2010 annual inflation was 6.9%, the baselending rate (SBI) established by the Central Bank remained stable at 6.5%. The year-end Rupiah rate vs. the USD strengthened by 4% in December 2010 and by 13% on average daily basis. Inflation increased in the second half of 2010, reaching 6.96% for the year.
Dilihat dari beberapa parameter penting, 2010 adalah tahun yang baik bagi Indonesia demikian juga bagi Lautan Luas: l Tingkat pengangguran menurun dari 7,9% pada 2009 menjadi 7,1% pada 2010. l Secara kumulatif, untuk 2010 jumlah investasi yang direalisasikan baik dari sumber asing maupun domestik mencapai Rp 208,5 triliun, meningkat 54,2% dibanding pada 2009 dan 30,2% di atas target pemerintah. l Meski pada 2010 tingkat inflasi mencapai 6,9%, acuan dasar tingkat suku bunga (SBI) yang ditetapkan Bank Sentral tetap stabil pada 6,5%. Nilai Konversi Rupiah akhir tahun terhadap USD menguat 4% pada Desember 2010 dan 13% secara rata-rata harian. Inflasi meningkat pada semester II/2010, mencapai 6,96% untuk tahun tersebut.
Key elements of the Lautan Luas environment: l Domestic: volume increased by more than 20% with chemicals sold to the water treatment, food, and paper industries leading the growth. l Regional: growth led by China and Thailand which more than doubled its volume, albeit on a small base.
Elemen-elemen penting untuk lingkup usaha Lautan Luas: l Domestik: volume penjualan meningkat lebih dari 20%, terutama didorong oleh pertumbuhan penjualan bahan kimia untuk industri pengolahan air, makanan, dan kertas. l Regional: terjadi pertumbuhan, didorong oleh pasar Cina dan Thailand, yang bertumbuh dua kali lipat, walau dari basis yang kecil. l Kondisi Pasar: m Pasokan beberapa bahan kimia cukup ketat, dan permintaannya lebih tinggi dari perkiraan. m Harga minyak bumi berfluktuasi, menjadi sulit diprediksi. m Berbagai produk Cina menjadi kurang kompetitif akibat penguatan nilai RMB, terbatasnya pasokan energi, peningkatan biaya buruh dan tekanan untuk mengurangi polusi lingkungan. m Secara keseluruhan, bea masuk lebih rendah karena pemberlakuan perjanjian perdagangan bebas antara Cina dan ASEAN sejak 2010; tetapi, pada 2011 Indonesia berencana memperketat pemantauan terhadap impor guna mengendalikan berbagai praktek dumping.
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Market Conditions: m Supply is tight in some chemicals, and demand stronger than expected. m Unpredictable, fluctuating crude oil prices represent a wild card. m China products are less competitive due to strengthening of the RMB, energy supply constraints, increasing labor costs and pressure to reduce environmental pollution. m Overall, import duties are lower driven by free trade treaties among China and ASEAN in 2010; however, in 2011 Indonesia plans to tighten its monitoring of imports to control dumping practices.
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Lautan Luas acquired a distribution license to operate in Vietnam, setting the stage for a significant expansion of operations in the future. Some existing Principals have appointed the Company as their distributor in Thailand and Vietnam. Added new Principals to broaden our offerings to the paper, water treatment, plastic, and food industries.
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Lautan Luas mendapat izin untuk beroperasi sebagai distributor di Vietnam, hal ini memberi pijakan untuk ekspansi usaha yang signifikan di masa depan. Beberapa Prinsipal yang ada telah menunjuk Perseroan sebagai distributor mereka di Thailand dan Vietnam. Menambah Prinsipal baru untuk memperluas jenis produk yang ditawarkan ke industri kertas, pengolahan air, plastik, dan makanan.
FINANCIAL PERSPECTIVE
PERSPEKTIF KEUANGAN
After careful navigation of the global crisis, PT LAUTAN LUAS Tbk achieved a respectable performance in 2010, delivering positive growth in Revenue and Net Income over the prior year. As most sales are USD denominated, the strengthening Rupiah vis-à-vis the USD deflates the reported Rupiah Revenue figure; however because Cost of Sales are also largely USD denominated, it provides an inherent hedge to currency fluctuations.
Meningkatkan kehati-hatian ketika krisis global melanda, PT LAUTAN LUAS Tbk meraih kinerja yang membanggakan pada 2010, membukukan pertumbuhan positif baik dalam Pendapatan dan Laba Bersih dibanding pada tahun sebelumnya. Karena sebagian besar penjualan didenominasi USD, penguatan nilai Rupiah terhadap USD menurunkan Pendapatan yang disajikan dalam mata uang Rupiah. Tetapi, karena Harga Pokok Penjualan sebagian besar juga dalam USD, hal ini memberikan lindung-nilai y a n g i n h e r e n t e r h a d a p f l u k t u a s i m a ta u a n g .
Revenue from Sales, Commission and Services
Pendapatan dari Penjualan, Komisi dan Jasa
Revenue from Sales, Commission and Services increased by 4.1% over 2009, from Rp 3.7 trillion to Rp 3.9 trillion.
Pendapatan dari Penjualan, Komisi dan Jasa meningkat 4,1% dibanding pada 2009, dari Rp 3,7 triliun menjadi Rp 3,9 triliun.
2010 volume growth of more than 20% was achieved primarily in chemicals for the industrial water treatment, food, and paper industries.
Pertumbuhan volume penjualan pada 2010 yang lebih dari 20% terutama diraih berkat peningkatan penjualan bahan kimia untuk industri pengolahan air, makanan, dan kertas.
The majority of Lautan Luas Revenue arises from the sale of specialty chemical products from our principals (Distribution segment), which have relatively stable USD denominated prices; however, when restated in the weakening USD environment of the last year, the Rupiah prices are effectively deflated. Within the general environment of stable USD pricing, there were exceptions, for example: the price of MOP declined, while Sulfur increased. The projected trend for 2011 is for increases across all products due to pressure from increasing oil prices, which have nearly reached the pre crisis highs currently at US$ 102/barrel (Q12011).
Sebagian besar Pendapatan Lautan Luas berasal dari penjualan produk-produk kimia khusus dari para prinsipal (segmen Distribusi), yang harganya relatif stabil dalam USD; tetapi, ketika melemahnya nilai USD, harga dalam Rupiah secara efektif melemah. Secara umum harga dalam USD adalah stabil, ada beberapa pengecualian, misalnya: harga MOP menurun, sementara Sulfur meningkat. Perkiraan tren untuk 2011 adalah terjadinya peningkatan pada semua produk karena tekanan harga minyak yang meningkat, yang telah hampir mencapai harga pra-krisis - saat ini US$102/barrel (Kuartal1/2011).
Lautan Luas Revenue 2010 vs 2009 Pendapatan Lautan Luas 2010 vs 2009 In Billion Rupiah / Dalam Miliar Rupiah Business Segment
2010
2009
Segmen Usaha
Distribution Manufacturing Support and Services
Rp 2.288 Rp 1.222 Rp 392
59% 31% 10%
Rp 2.266 Rp 1.185 Rp 296
60% 32% 8%
Distribusi Manufaktur Pendukung dan Jasa
Total Revenue
Rp 3.902
100%
Rp 3.747
100%
Jumlah Pendapatan
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The growth of the Support & Service segment Revenue is split between an increase in the logistics business in Indonesia and a first time expansion of services to Regional customers. % of Total Sales / Pendapatan Domestic Regional
Pertumbuhan Pendapatan segmen Pendukung & Jasa terbagi antara peningkatan dalam bisnis logistik di Indonesia dan ekspansi awal usaha jasa kepada pelanggan Regional.
2010
2009
80 20
82 18
% Growth / Pertumbuhan -2 2
The increased portion of sales from regional customers is due to the growth of the China & Vietnam operations. Further growth from both sources is envisioned for the future based on market penetration and the development of a distribution business in the latter.
Peningkatan penjualan dari para pelanggan regional berasal dari pertumbuhan usaha di Cina & Vietnam. Pertumbuhan lebih lanjut dari kedua kawasan ini di masa depan dapat diperkirakan dari penetrasi pasarnya dan perkembangan usaha distribusi di Vietnam.
Gross Profit
Laba Kotor
Lautan Luas Gross Profit
2010 vs 2009
Laba Kotor Lautan Luas
In Billion Rupiah / Dalam Miliar Rupiah 2010
2009
Distribution Manufacturing Support and Services
Rp 258 Rp 256 Rp 109
Rp 240 Rp 241 Rp 85
Distribusi Manufaktur Pendukung dan Jasa
Total Gross Profit % of Revenue
Rp 623 16
Rp 566 15
Jumlah Laba Kotor % Pendapatan
In 2010, the Company’s Gross Profit Margin increased to 16% or Rp 623 billion from Rp 566 billion or 15% in the preceding year. The increase in gross profit over 2009 reflects a more stable environment vs. the volatility of the previous year. Additionally, growth in output from the Company’s manufacturing plants also contributed the favorable increase of Gross Profit by improving overhead absorption.
Pada 2010, Marjin Laba Kotor Perseroan meningkat menjadi 16%, yaitu Rp 623 miliar dari Rp 566 miliar atau 15% pada tahun sebelumnya. Peningkatan laba kotor dibanding 2009 mencerminkan lingkungan usaha yang lebih stabil versus volatilitas pada tahun sebelumnya. Selain itu, pertumbuhan output dari pabrik Perseroan juga menyumbang peningkatan laba kotor yang cukup tinggi dengan meningkatnya perbaikan overhead.
Income from Operations
Laba Usaha
2010 In Billion Rp / Dalam Miliar Rp 168 4.3% of Revenue / dari Pendapatan
2009 In Billion Rp / Dalam Miliar Rp 137 3.7% of Revenue / dari Pendapatan
By limiting from the year-to-year Operating Expense increase to 5.9% while Gross Profit Margin rose by 9.9%, Income from Operations as a % of Revenue strengthened to 4.3%. As a consequence, Income from Operations increased by 22.7% to Rp 168 billion.
Dengan membatasi peningkatan Beban Usaha dari tahun ke tahun menjadi 5,9% sementara Marjin Laba Kotor meningkat 9,9%, Laba Usaha sebagai persentase Pendapatan menguat jadi 4,3%. Akibatnya, Laba Usaha meningkat 22,7% menjadi Rp 168 miliar.
EBITDA
EBITDA
EBITDA which excludes foreign exchange gains or losses, interest, depreciation, and tax increased by 11% in 2010 to Rp 315 billion compared to Rp 283 billion in 2009.
EBITDA yang tidak termasuk laba atau rugi kurs, bunga, penyusutan, dan pajak meningkat 11% pada 2010 menjadi Rp 315 miliar dibanding Rp 283 miliar pada 2009.
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During the year, the Rupiah progressively strengthened by 4.4% against the USD (based on ending rate of the period), leading to a favorable Foreign Exchange Gain of Rp 33 billion:
Forex Exchange Gain (Loss) Laba (Rugi) Selisih Kurs In Billion Rp / Dalam Miliar Rp Year End / Akhir Tahun USD:IDR rate / kurs Year on Year Change / Perubahan Tahun ke Tahun Net Income 2010 In Billion Rp / Dalam Miliar Rp 87 2% of Revenue / dari Pendapatan
Selama 2010 tersebut, Rupiah secara progresif menguat 4,4% terhadap USD (berdasarkan kurs pada akhir periode), memberikan Laba atas Selisih Kurs Rp 33 miliar:
2010 33
2009 78
8,991
9,400
4.4%
14.2%
2008 (175) 10,950
Laba Bersih 2009 In Billion Rp / Dalam Miliar Rp 86 2% of Revenue / dari Pendapatan
Earnings from Operations were offset by a lower foreign exchange gain effect and an increased deduction for minority shareholdings compared with 2009, yielding Net Income marginally up by 1.2%.
Laba Usaha, karena laba kurs yang lebih rendah dan meningkatnya bagian untuk pemegang saham minoritas dibanding pada 2009, menghasilkan Laba Bersih yang sedikit meningkat 1,2%.
Some 2010 projects under construction will commence operation in 2011, strengthening sales, operating income, and net profit. The projects are Indonesia Ethanol Industry, Taruna Bina Sarana, Liku Telaga, and Kujang Tirta Sarana. In addition improvements will come from the water treatment, Vietnam manufacturing, regional distribution, and logistics businesses.
Beberapa proyek yang pada 2010 masih dalam pembangunan akan mulai beroperasi pada 2011, memperkuat penjualan, laba usaha, dan laba bersih. Proyek-proyek tersebut adalah Indonesia Ethanol Industry, Taruna Bina Sarana, Liku Telaga, dan Kujang Tirta Sarana. Selain itu, juga akan ada peningkatan dari usaha terkait pengolahan air, manufaktur di Vietnam, distribusi regional, dan usaha logistik.
Total Assets
Jumlah Aset
In 2010, Lautan Luas’ Assets increased by 17%, from Rp 3,081 billion to Rp 3,591 billion. The increase is spread evenly across Receivables, Inventories, and Fixed Asset investments, offset in part by a reduction in Cash.
Pada 2010, Aset Lautan Luas meningkat 17%, dari Rp 3.081 miliar menjadi Rp 3.591 miliar. Peningkatan ini merata pada Piutang, Persediaan, dan Investasi Aset Tetap, diimbangi sebagian oleh penurunan Kas.
Total Liabilities
Jumlah Kewajiban
The Company’s Total Liabilities also experienced an increase by 21%, from Rp 2,125 billion to Rp 2,571 billion. The change was due to increased bank borrowings, short term and long term, to fund the working capital and new manufacturing investments in support of the strategy of growth.
Jumlah Kewajiban Perseroan juga mengalami kenaikan sebesar 21%, dari Rp 2.125 miliar menjadi Rp 2.571 miliar. Perubahan ini disebabkan oleh peningkatan hutang bank, baik jangka pendek maupun jangka panjang, untuk mendanai modal kerja dan investasi pabrik baru guna mendukung strategi pertumbuhan.
Total Stockholders’ Equity
Jumlah Ekuitas Pemegang Saham
As of the end of 2010, the Company’s Total Stockholders’ Equity increased by 7.2%, to Rp 818 billion from the 2009 total of Rp 763 billion. The increase is due to the Retained Earnings from 2010 Net Income, net of the dividend declared and paid on 2009 results.
Pada akhir 2010, Jumlah Ekuitas Pemegang Saham Perseroan meningkat 7,2%, menjadi Rp 818 miliar dari Rp 763 miliar pada 2009. Peningkatan ini karena Saldo Laba dari Laba Bersih pada 2010, setelah dikurangi dividen yang dinyatakan dan dibayarkan dari hasil yang diraih pada 2009.
The Lautan Luas share price closed at Rp 800 on 31 December 2010, up by 6.6% from the prior year reflecting a stable outlook for the Company and environment going forward.
Harga saham Lautan Luas ditutup pada Rp 800 pada 31 Desember 2010, meningkat 6,6% dari tahun sebelumnya, mencerminkan prospek Perseroan dan lingkungan usaha yang stabil di masa depan.
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Internal Operation Perspective Perspektif Operasional Internal Lautan Luas began doing business in 1951 as an importer and distributor of basic chemicals, primarily for the batik and food industries in Indonesia. Today, it engages a broad spectrum of industrial customers through three core business segments: Distribution, Manufacturing, and Support & Services. The three segments are knit together to present an integrated profile to the Company’s customer base.
Lautan Luas mulai menjalankan usahanya pada 1951 sebagai importir dan distributor bahan kimia dasar, terutama untuk industri batik dan makanan di Indonesia. Saat ini, Perseroan telah merambah spektrum pelanggan industri yang luas melalui tiga segmen usaha inti: Distribusi, Manufaktur, dan Pendukung & Jasa. Ketiga segmen ini terajut erat memberikan profil yang terintegrasi kepada basis pelanggan Perseroan.
The Distribution and Manufacturing segments focus, respectively, on specialty and basic chemicals with the following generalized profile:
Segmen Distribusi dan Manufaktur terfokus, masingmasing, pada bahan kimia khusus dan dasar dengan profil umum seperti berikut:
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Distribution
Distribusi
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 to meet the diverse needs of its industrial end-users, creating a competitive advantage in its markets.
Dari awal yang sederhana sebagai perusahaan distribusi kimia dasar, Lautan Luas telah berhasil mengibarkan diri menjadi sebuah perusahaan distribusi terintegrasi. Perseroan menawarkan berbagai produk kimia untuk memenuhi beragam kebutuhan pelanggan industrinya, menciptakan keunggulan kompetitif di pasar.
Lautan Luas works with over 100 international principals to distribute more than 1,000 of their products to customers in the Indonesian and regional markets. In support of its Jakarta headquarters, the Company operates five branches and six representative offices across Indonesia to maximize the reach of its domestic market distribution network. The Company’s Singapore office oversees distribution in the regional markets, supported by marketing offices in China, Thailand, and Vietnam. Currently, the distribution network serves more than 2,000 industrial end-users throughout Indonesia and the Asia-Pacific Region.
Lautan Luas menjalin kerjasama lebih dari 100 prinsipal internasional untuk mendistribusikan lebih dari 1.000 produk mereka kepada para pelanggan di pasar Indonesia dan regional. Guna mendukung kantor pusat Jakarta, Perseroan mengoperasikan lima kantor cabang dan enam kantor perwakilan di seluruh Indonesia guna memaksimalkan jangkauan jejaring distribusi pasar domestik. Kantor Regional Singapura mengawasi distribusi di pasar regional, didukung oleh kantor pemasaran di Cina, Thailand, dan Vietnam. Saat ini, jejaring distribusi kami melayani lebih dari 2.000 pelanggan industri di seluruh Indonesia dan kawasan Asia-Pasifik.
In 2010, the Company’s distribution business contributed 59% of Total Revenue, 86% is from the domestic market and 14% from regional markets.
Pada 2010, usaha distribusi Perseroan menyumbang 59% dari Jumlah Pendapatan, 86% berasal dari pasar domestik dan 14% dari pasar regional.
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Customers / Pelanggan Top 20 Customer 20 Besar Pelanggan 27%
Top 20 Customer 20 Besar Pelanggan 25%
Others / Lain-lain 75%
Others / Lain-lain 73%
2010
2009
Principals / Prinsipal Others / Lain-lain 47%
Top 20 Non Affiliated Principals 20 Besar Prinsipal Tidak Terafiliasi 31%
Top 20 Non Affiliated Principals 20 Besar Prinsipal Tidak Terafiliasi 30%
Top 20 Affiliated Principals 20 Besar Prinsipal Terafiliasi 22%
Others / Lain-lain 70%
2010
2009
Diversified Distribution Segment / Diversifikasi Segmen Distribusi INDUSTRY CONSUMER GOODS / BARANG KONSUMER PLASTIC & PACKAGING / PLASTIK & KEMASAN FOOD & FEEDMILL / KILANG PANGAN & PAKAN GLASS & CERAMIC / GELAS & KERAMIK AGRICULTURE / PERTANIAN TEXTILE / TEKSTIL MINING & ELECTROPLATING / PERTAMBANGAN & ELECTROPLATING MUNICIPAL WATER TREATMENT / PENGOLAHAN AIR MUNICIPAL CHEMICAL / KIMIA RUBBER / KARET COATING / PELAPISAN PAPER / KERTAS LEATHER / KULIT AUTOMOTIVE / OTOMOTIF OTHER / LAIN-LAIN GRAND TOTAL / JUMLAH TOTAL
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Manufacturing
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2010 14% 11% 11% 9% 8% 8% 8% 7% 6% 4% 3% 3% 2% 1% 2% 100%
2009 14% 11% 10% 10% 15% 8% 6% 7% 5% 4% 3% 2% 3% 1% 1% 100%
Manufaktur
Lautan Luas launched its manufacturing business in 1969, with the establishment of Indonesia’s first private sector sulfuric acid plant. Since then, the Company’s manufacturing has grown into a sizeable business with stakes in seventeen production facilities in Indonesia, three in China, and one in Vietnam. The facilities are typically located near customers and/or raw material supply sources to shorten order-to-delivery cycle times and offer competitive prices.
Lautan Luas meluncurkan usaha manufaktur pada 1969, dengan pendirian pabrik asam sulfat swasta pertama di Indonesia. Sejak itu, usaha manufaktur Perseroan telah berkembang menjadi usaha yang cukup besar dengan penyertaan saham di tujuh belas fasilitas produksi di Indonesia, tiga di Cina, dan satu di Vietnam. Berbagai fasilitas ini biasanya berlokasi dekat dengan pelanggan dan/atau sumber pasokan bahan baku untuk memperpendek siklus waktu order-to-delivery dan menawarkan harga yang bersaing.
In 2010, the Company’s manufacturing business contributed 31% of revenue. Within the Manufacturing business segment, domestic operations contributed 66% of revenue, slightly down from 2009, and 34% from regional manufacturing facilities. In order to leverage the stronger profit margins inherent in the manufacturing business segment, the Company intends to continuously expand manufacturing, with the strategic objective of achieving revenue parity with the Distribution business segment.
Pada 2010, usaha manufaktur Perseroan memberikan kontribusi 31% dari pendapatan. Dalam segmen usaha Manufaktur, pasar domestik menyumbang 66% pendapatan, sedikit menurun dari 2009, dan 34% dari fasilitas manufaktur regional. Untuk memanfaatkan marjin laba dari segmen usaha manufaktur yang secara inheren lebih tinggi, Perseroan akan terus memperluas usaha manufaktur, dengan tujuan strategis mencapai paritas pendapatan dengan segmen usaha Distribusi.
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Profile – Lautan Luas Manufacturing Key Drivers / Profil – Pendorong Produk Utama Manufaktur Lautan Luas Products / Produk Aluminium Sulfate / Aluminium Sulfat Sodium Sulfate / Sodium Sulfat Sulfuric Acid / Asam Sulfat Poly Aluminium Chloride / Poli Aluminium Klorida Blowing Agent / Blowing Agent NB 1/47 / NB 1/47 White Oil / White Oil LABS/BABS / LABS/BABS Sodium Metabisulphite / Sodium Metabisulphite Methyltin Stabilizer / Methyltin Stabilizer Sulfamic Acid / Asam Sulfamat Activated Carbon / Karbon Aktif •
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Industries Served / Pelayanan Industri Municipal & Industrial Water Treatment, Pulp & Paper / Pengolahan Air Municipal dan Industri, Pulp & Kertas Detergent, Textiles, Pulp & Paper / Deterjen, Tekstil, Pulp & Kertas Chemical, Fertilizer, Fiber / Kimia, Pupuk, Serat Municipal & Industrial Water Treatment, Pulp & Paper / Pengolahan Air Municipal & Industri, Pulp & Kertas Footwear, Synthetic Leather / Alas Kaki, Kulit Sintetis Agriculture / Pertanian Cosmetic, Pharmaceutical / Kosmetik, Farmasi Soap & Detergent / Sabun & Deterjen Mining, Water Treatment, Food / Pertambangan, Pengolahan Air, Makanan Poly Vinyl Chloride / Poli Vinil Klorida Sodium Cyclamate, Home / Industrial Cleaner / Sodium Siklamat, Pembersih Rumah / Industri Mining / Pertambangan
Support & Services
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Pendukung & Jasa
Lautan Luas entered the Support & Services business segment in 1995 with the establishment of PT Lautan Jasaindo providing laboratory services and solutions for corporate customers in the electroplating, leather, paper, textile, and water treatment industries. Since then, the Company has expanded its offerings to include a highly integrated logistics and supply chain business, information technology solutions, and comprehensive water treatment solutions.
Lautan Luas memasuki segmen usaha Pendukung & Jasa pada 1995 dengan berdirinya PT Lautan Jasaindo yang menyediakan jasa dan solusi laboratorium untuk para pelanggan perusahaan di industri electroplating, kulit, kertas, tekstil, dan pengolahan air. Sejak itu, Perseroan telah memperluas usahanya hingga mencakup usaha logistik dan rantai pasok yang terintegrasi, solusi teknologi informasi, dan solusi pengolahan air yang komprehensif.
In 2010, the Support & Services business was the Company’s fastest growing segment, up by 32% over 2009, and for the first time, extending services to Regional customers. In 2010, it contributed Rp 392 billion or about 10% of the Company’s Revenue, up from 8% in 2009.
Pada 2010, usaha Pendukung & Jasa menjadi segmen usaha Perseroan yang tumbuh paling cepat, meningkat 32% dari 2009, dan untuk pertama kalinya, memperluas pelayanannya ke para pelanggan Regional. Pada 2010, segmen usaha ini memberi sumbangsih Rp 392 miliar atau sekitar 10% dari Pendapatan Perseroan, meningkat 8% dari 2009.
Within the segment, PT Cipta Mapan Logistik, an integrated supply chain and logistics company, contributed the largest revenue among the subsidiaries, followed by PT Hydro Hitech Optima (water treatment), PT Strategic Partner Solution (information technology), and PT Lautan Jasaindo.
Di dalam segmen Pendukung dan Jasa, PT Cipta Mapan Logistik, perusahaan rantai pasok dan logistik yang terintegrasi, memberikan kontribusi pendapatan terbesar di antara anak perusahaan yang ada, diikuti oleh PT Hydro Hitech Optima (pengolahan air), PT Strategic Partner Solution (teknologi informasi), dan PT Lautan Jasaindo.
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Learning and Growth Pembelajaran dan Pertumbuhan Sustaining the steady growth of Lautan Luas requires attracting and retaining high caliber employees and maximizing the contribution of all. Talent management has therefore become a strategic priority of the Company and key focus of the Human Resources (HR) Department across all businesses. It is a critical element of survival as the Company competes in an increasingly globalized market.
Untuk mempertahankan pertumbuhan usahanya yang tinggi, Lautan Luas harus dapat menarik dan mempertahankan barisan karyawan yang berkualitas dan memaksimalkan kontribusi mereka. Karena itu, Manajemen Talenta menjadi prioritas strategis Perseroan dan fokus utama Bagian Sumber Daya Manusia (SDM) di seluruh lini usaha. Kendala mengelola talenta yang ada menjadi elemen penting bagi keberlangsungan usaha, karena Perseroan harus bersaing di pasar yang semakin mengglobal.
Talent Management entails identification of the development priorities and potential of the Company’s 3,000 employees. For the greatest leverage, HR identifies appropriate development activities to address the expressed interests of employees, recommendations issuing from the formal performance evaluation program, and the expansion plans of the Company.
Manajemen Talenta mengharuskan Perseroan melakukan identifikasi terhadap prioritas pengembangan dan potensi 3.000 karyawan yang ada. Untuk mendapatkan leverage terbesar, bagian SDM harus mampu mengidentifikasi aktivitas pengembangan yang sesuai guna memenuhi interest karyawan, membuat rekomendasi dari program evaluasi kinerja formal, dan rencana ekspansi usaha Perseroan.
Employee growth at Lautan Luas is more than participation in a long list of classroom programs. Managers with supervisory responsibility for the participating employees are tasked to monitor implementation of the skills and behaviors taught in Company sponsored development activities. They ensure the transition of the classroom lessons into the daily working environment and add their perspective to solidify the learning’s.
Peningkatan karyawan di Lautan Luas lebih dari sekadar mendorong mereka berpartisipasi dalam sederetan program di ruang kelas. Para manajer yang bertanggung jawab melakukan pengawasan terhadap para karyawan yang ikut pelatihan bertugas pula memantau penerapan keterampilan dan perilaku yang dilatihkan dalam kegiatan pengembangan yang disponsori Perseroan. Mereka harus memastikan diterapkannya pelajaran kelas dalam lingkungan kerja sehari-hari dan adanya peningkatan perspektif untuk mengendapkan pembelajaran yang ada.
Training is focused on high value areas with the most impact on employee development and Company results. Key among these are: Leadership-Counseling-Coaching skills delivered to Managers to reach the greatest number of employees and Sales and Marketing skill sets for the customer facing teams.
Pelatihan difokuskan pada area yang bernilai tinggi dengan dampak paling besar pada pengembangan karyawan dan hasil yang diperoleh Perseroan. Kuncinya antara lain: keterampilan dalam Leadership-Counseling-Coaching yang diberikan kepada para Manajer untuk mencapai jumlah karyawan terbesar dan keahlian Penjualan dan Pemasaran bagi tim yang berhadapan langsung dengan pelanggan.
Lautan Luas Training and Education Activities Kegiatan Pendidikan dan Pelatihan Lautan Luas Number of participants (person) Quantity of training (man-day) Length of training (class-hour) Total fund for training (Rp million)
2010
2009
2008
1,073 1,189 1,376 332
1,567 1,926 1,200 130
2,844 2,580 1,838 387
Jumlah peserta (orang) Kuantitas pelatihan (orang-hari) Lama pelatihan (kelas-jam) Jumlah dana pelatihan (Rp jutaan)
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Independent Auditor’s Report 2010 Laporan Auditor Independent 2010
2010 Annual Report Certification Sertifikasi Laporan Tahunan 2010 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 7 December 2006, concerning Reporting Standard for Annual Report of Public Companies. Dewan Komisaris dan Direksi 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
JOAN FUDIANA President Commissioner
PRANATA HAJADI Commissioner
ADYANSYAH MASRIN Vice President Commissioner
ZAKIR Independent Commissioner
INDRAWAN MASRIN President Director
JOSHUA CHANDRAPUTRA ASALI Managing Director Business Development & Manufacturing Director
HARI SLAMET WIDODO Independent Commissioner
JIMMY MASRIN Vice President Director
HERMAN SANTOSO Operations & Support Director
SOEWANDHI SOEKAMTO Sales & Marketing / Commercial Director
Group Information Informasi Grup
PT LAUTAN LUAS Tbk
HEAD OFFICE PT LAUTAN LUAS Tbk Graha Indramas Jl. AIP II K.S. Tubun Raya No. 77 Jakarta 11410 Telephone: +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
REPRESENTATIVE OFFICES Bandar Lampung, Makassar, Palembang, Pontianak, Samarinda, Solo
REGIONAL OFFICE Singapore
MARKETING OFFICE China, Thailand, Vietnam
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 Indonesian Acids Industry, Jakarta PT Lautan Natural Krimerindo, Mojokerto PT Lautan Sulfamat Lestari, Jakarta PT Liku Telaga, Gresik PT Metabisulphite Nusantara, Gresik PT Pacinesia Chemical Industry, Jakarta PT White Oil Nusantara, Gresik PT Findeco Jaya, Jakarta PT Indonesia Ethanol Industry, Lampung PT Lautan Otsuka Chemical, Serang PT Mahkota Indonesia, Jakarta PT Roha Lautan Pewarna, Bekasi PT Sibelco Lautan Minerals, Bekasi
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PT LAUTAN LUAS Tbk 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 Surabaya, Bandung, Semarang, Medan, Pekanbaru
KANTOR PERWAKILAN Bandar Lampung, Makassar, Palembang, Pontianak, Samarinda, Solo
KANTOR REGIONAL Singapura
KANTOR PEMASARAN Cina, Thailand, Vietnam
DISTRIBUSI 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 PT Jakamitra Indonesia, Jakarta
KANTOR PUSAT
PT Advance Stabilindo Industry, Bekasi PT Daiti Carbon Nusantara, Pontianak PT Dunia Kimia Jaya, Bekasi PT Dunia Kimia Utama, Palembang PT Indonesian Acids Industry, Jakarta PT Lautan Natural Krimerindo, Mojokerto PT Lautan Sulfamat Lestari, Jakarta PT Liku Telaga, Gresik PT Metabisulphite Nusantara, Gresik PT Pacinesia Chemical Industry, Jakarta PT White Oil Nusantara, Gresik PT Findeco Jaya, Jakarta PT Indonesia Ethanol Industry, Lampung PT Lautan Otsuka Chemical, Serang PT Mahkota Indonesia, Jakarta PT Roha Lautan Pewarna, Bekasi PT Sibelco Lautan Minerals, Bekasi
PENDUKUNG & JASA
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PT Cipta Mapan Logistik, Jakarta PT Hydro Hitech Optima, Tangerang PT Lautan Jasaindo, Tangerang PT Strategic Partner Solution, Jakarta PT Jakamitra Indonesia, Jakarta
PT LAUTAN LUAS Tbk
DISTRIBUTION
HEAD OFFICE Jakarta
AFFILIATE
MANUFACTURING
SUBSIDIARIES
REPRESENTATIVE OFFICES Bandar Lampung Makassar Palembang Pontianak Samarinda Solo
BRANCH OFFICES Surabaya Bandung Semarang Medan Pekanbaru
PT PKG Lautan Indonesia PT Advance Stabilindo Industry PT Daiti Carbon Nusantara
AFFILIATES
PT Dunia Kimia Jaya PT Dunia Kimia Utama PT Indonesian Acids Industry PT Lautan Natural Krimerindo PT Lautan Sulfamat Lestari PT Liku Telaga PT Metabisulphite Nusantara PT Pacinesia Chemical Industry PT White Oil Nusantara PT Findeco Jaya PT Indonesia Ethanol Industry PT Lautan Otsuka Chemical PT Mahkota Indonesia PT Roha Lautan Pewarna PT Sibelco Lautan Minerals
SUPPORT & SERVICES
SUBSIDIARIES
PT Cipta Mapan Logistik PT Hydro Hitech Optima PT Lautan Jasaindo PT Strategic Partner Solution
AFFILIATE REGIONAL SUBSIDIARY Lautan Luas Singapore Pte. Ltd.
PT Jakamitra Indonesia
REGIONAL OFFICES Lautan Luas Thailand Co. Ltd. Lautan Luas Shanghai Co. Ltd. Lautan Luas Vietnam Co. Ltd.
MANUFACTURING FACILITIES Lautan Hongze Chemical Industry Ltd. Huaian Diamond Chemical Industry Ltd. Hongze Jin Qilin Chemical Industry Ltd. Lautan Luas Vietnam Co. Ltd.
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Establishment Line of Business
13 July 1951 Distributor and Manufacturer of Basic and Specialty Chemicals as well as Support and Services Business Graha Indramas Jl. AIP II K.S. Tubun Raya No. 77, Jakarta 11410, Indonesia
Head Office
Telephone : +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%
Shareholders
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MANAGEMENT President Commissioner Vice President Commissioner Commissioner Independent Commissioner
Joan Fudiana Adyansyah Masrin Pranata Hajadi Zakir Hari Slamet Widodo Indrawan Masrin Jimmy Masrin Joshua Chandraputra Asali Herman Santoso Soewandhi Soekamto 501 Surabaya, Bandung, Semarang, Medan, Pekanbaru Palembang , Bandar Lampung, Solo, Samarinda, Pontianak, Makassar ANZ Panin Bank Bangkok Bank Public Company Ltd. Bank Central Asia Bank CIMB Niaga Bank DBS Indonesia Bank Ekonomi Bank Internasional Indonesia Bank Mizuho Indonesia Bank OCBC NISP Bank of Tokyo Mitsubishi UFJ Ltd. Bank Resona Perdania Citi Bank N.A Rabobank International Indonesia Standard Chartered Bank The Hongkong and Shanghai Banking Corporation Limited.
President Director Vice President Director Director
Employees Branches Representative Offices Major Banks
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CAPITAL STRUCTURE Authorized Capital Issued Capital Fully Paid Up Capital
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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 Establishment Line of Business Office
Shareholders
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 Telephone : +62 21 5367 3569 Fax : +62 21 5367 3278 PT LAUTAN LUAS Tbk 49% Perusahaan Kimia Gemilang Sdn Bhd 51% l
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MANAGEMENT President Commissioner Commissioner
President Director Vice President Director Director Employees
Indrawan Masrin Datuk Haji Mohamed Al Amin Bin Abdul Majid, J. P. Siew Ka Wei Jimmy Masrin Robin Ling Seng Chiong Danny Suryadi Adenan Tan Tong Lim Michael Susanto Pardi 4
Lautan Luas Singapore Pte. Ltd., Regional - Subsidiary Establishment Line of Business
17 June 1999 Distributor - Basic and Specialty Chemicals Investment in manufacturing companies of basic and specialty chemicals 75 Bukit Timah Road #05-14 Boon Siew Building Singapore 229833 PT LAUTAN LUAS Tbk 100% l
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Employees
Jimmy Masrin Joshua Chandraputra Asali Herman Santoso Shannon Masrin 6
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PT LAUTAN LUAS Tbk
PT Advance Stabilindo Industry Manufacturing - Subsidiary Establishment Line of Business Head Office & Factory 1 & 2
9 December 1994 Manufacturer of Methyltin Stabilizer, Plastic Additives, Compound, and Plastic Bottle MM 2100 Industrial Town, Block M – 29 Jl. Sulawesi III, Cikarang Barat, Bekasi 17520, Indonesia Telephone : +62 21 898 0935 (Hunting) Fax : +62 21 898 0405 PT LAUTAN LUAS Tbk 98.6% PT Fumasjaya Utama 1.4%
Shareholders
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MANAGEMENT President Commissioner Commissioner
Indrawan Masrin Jimmy Masrin Herman Santoso Danny Suryadi Adenan 75 Methyltin Stabilizer, Plastic Additives, Compound, Plastic Bottle Methyltin 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 ISO 9001, ISO 14001, OHSAS 18001, KN-RCI, HALAL MUI
Director Employees Products Capacities
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PT Daiti Carbon Nusantara Establishment Line of Business Mailing Address
6 December 1999 Manufacturer of Activated Carbon Graha Indramas Jl. AIP II K.S. Tubun Raya no. 77, Jakarta 11410, Indonesia Telephone : +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 Telephone : +62 561 767 723 Fax : +62 561 741 056 Website : www.daiticarbon.com PT LAUTAN LUAS Tbk 99.93% Indrawan Masrin 0.07%
Head Office & Factory
Shareholders
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MANAGEMENT Commissioner President Director Director Employees Product Capacities
Indrawan Masrin Sandjaja Hajadi Herman Santoso 53 Activated Carbon Activated Carbon (Powder) Activated Carbon (Granular) ISO 9001, HALAL MUI l l
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Manufacturing - Subsidiary
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2010 Annual Report
2,000 Ton/year 3,600 Ton/year
PT LAUTAN LUAS Tbk
PT Dunia Kimia Jaya Manufacturing - Subsidiary Establishment Line of Business Office & Factory
Shareholders
8 December 1977 Manufacturer of Specialty Chemical for Paper, Textile, Agriculture, Rubber/Plastic, Water Teatment, Band Ply Lubricant, and Fertilizer Kawasan Industri Greenland Batavia Block BD No.1, Kota Deltamas, Desa Sukamahi, Cikarang Pusat, Bekasi 17530, Indonesia Telephone : +62 21 8997 0430 Fax : +62 21 8997 0431 Website : www.duniakimiajaya.com PT LAUTAN LUAS Tbk 99.9% Indrawan Masrin 0.1% l
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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 and Construction 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 Boric Fertilizer 15,000 Ton/year Medan : Specialty chemical for Agriculture 8,000 Ton/year Fertilizer 10,000 Ton/year Surabaya : Specialty chemical for Agriculture 4,000 Ton/year Boric Fertilizer 4,000 Ton/year ISO 9001, ISO 14001, OHSAS 18001, KN-RCI, SNI, HALAL MUI l
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PT LAUTAN LUAS Tbk
PT Dunia Kimia Utama Manufacturing - Subsidiary Establishment Line of Business
22 May 1978 Manufacturer of Sulfuric Acid and Aluminium Sulfate
Office
Jl. Radial Block D1 No.31, Komplek Ilir Barat Permai, Palembang 30134, Sumatera Selatan, Indonesia Telephone : +62 711 311 772 Fax : +62 711 350 286 Jl. Raya Palembang – Indralaya KM 24, Desa Pulau Semambu, Kecamatan Indralaya, Kabupaten Ogan Ilir, Sumatera Selatan, Indonesia Telephone : +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%
Factory
Shareholders
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MANAGEMENT President Commissioner Commissioner President Director Director
Employees Products Capacities
Sutejo Monthaniyachat 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, OHSAS 18001, KN-RCI, SNI, HALAL MUI l
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66
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PT LAUTAN LUAS Tbk
PT Indonesian Acids Industry Manufacturing - Subsidiary Establishment Line of Business Office
Factory
Shareholders
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 Telephone : +62 21 5367 1281; 5367 1282 Fax : +62 21 5367 1280 website : www.indoacid.com Jl. Raya Bekasi KM 21, Pulo Gadung, Jakarta 13001, Indonesia Telephone : +62 21 460 2203 Fax : +62 21 460 2917 PT LAUTAN LUAS Tbk 60% Citicon Investments Group Limited 35% PT Syam Bersaudara 5% l l l
MANAGEMENT President Commissioner Commissioner President Director Vice President Director Director Employees Products Capacities
Sutejo Monthaniyachat Adyansyah Masrin Joan Fudiana Surapon Monthaniyachat 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, SNI l
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Certification
Manufacturing - Subsidiary Establishment Line of Business Factory
Shareholders
23 April 2010 Manufacturer of Non-Dairy Creamer Jl. Raya Mojosari - Pacet KM 4 Desa Pesanggrahan, Kecamatan Kutorejo, Kabupaten Mojokerto, Jawa Timur, Indonesia Telephone : +62 321 599778 Fax : +62 321 599779 PT LAUTAN LUAS Tbk 99.93% Indrawan Masrin 0.07% l l
MANAGEMENT President Commissioner Commissioner President Director Director Employees Product Capacity
Indrawan Masrin Jimmy Masrin Lie Siaoe Lie Hendrik Gunawan Non-Dairy Creamer Non-Dairy Creamer
21,600 Ton/year
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PT LAUTAN LUAS Tbk
PT Lautan Sulfamat Lestari Establishment Line of Business Office & Factory
Shareholders
Manufacturing - Subsidiary
6 July 2000 Manufacturer of Sulfamic Acid Jl. Raya Bekasi KM 21, Pulo Gadung, Jakarta 13930, Indonesia Telephone : +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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Indrawan Masrin Joshua Chandraputra Asali Ridwan Kartolo 49 Sulfamic Acid Sulfamic Acid 7,200 Ton/year ISO 9001, ISO 14001, OHSAS 18001
PT Liku Telaga Establishment Line of Business Factory
Shareholders
Manufacturing - Subsidiary
12 January 1979 Manufacturer of Sulfuric Acid, Aluminium Sulfate, Sucolite Series, and Sodium Silicate Jl. Raya Sembayat KM 23, Manyar, Gresik, Jawa Timur, Indonesia Telephone : +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
Employees Products Capacities
Adyansyah Masrin Sutejo Monthaniyachat Indrawan Masrin Kusman Wongsodihardjo Sandjaja Hajadi Thianchay Monthaniyachat 144 Sulfuric Acid, Aluminium Sulfate, Sodium Silicate (Liquid & Solid) Sulfuric Acid 60,150 Ton/year Aluminium Sulfate 161,400 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
Certification
68
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PT LAUTAN LUAS Tbk
PT Metabisulphite Nusantara Manufacturing - Subsidiary Establishment Line of Business Office & Factory
Shareholders
17 January 2000 Manufacturer of Sodium Metabisulphite Jl. Desa Sukomulyo KM 24, Manyar, Gresik 61151, Jawa Timur, Indonesia Telephone : +62 31 395 8500; 395 8600; 395 9393 Fax : +62 31 395 2700 PT LAUTAN LUAS Tbk 99.997% Indrawan Masrin 0.003% l
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Certification
Indrawan Masrin Jimmy Masrin Sandjaja Hajadi 53 Sodium Metabisulphite, Sulfuric Acid, Gypsum Sodium Metabisulphite 20,000 Ton/year Sulfuric Acid 2,500 Ton/year Gypsum 5,000 Ton/year ISO 9001, ISO 14001, HALAL MUI
PT Pacinesia Chemical Industry Manufacturing - Subsidiary Establishment Line of Business Office
Factory
Shareholders
21 February 1984 Manufacturer of Poly Aluminium Chloride Graha Indramas Jl. AIP II K.S. Tubun Raya No.77, Jakarta 11410, Indonesia Telephone : +62 21 5367 3277 Fax : +62 21 5367 3255 Jl. Manis II No 9 Zona Industri Manis Desa Kadu, Kecamatan Curug, Tangerang, Indonesia Telephone : +62 21 591 8874 Fax : +62 21 591 8876 PT LAUTAN LUAS Tbk 99.975% Indrawan Masrin 0.025% l l
MANAGEMENT Commissioner President Director Director Employees Products Capacities
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 3,600 Ton/year Gypsum 6,000 Ton/year ISO 9001, HALAL MUI l l l
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PT LAUTAN LUAS Tbk
PT White Oil Nusantara Establishment Line of Business Office & Factory
Shareholders
9 November 2000 Manufacturer of White Oil Jl. Raya Sukomulyo KM 24, Manyar, Gresik, Jawa Timur, Indonesia Telephone : +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 President Director Director Employees Product Capacity Certification
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Manufacturing - Subsidiary
Indrawan Masrin Sandjaja Hajadi Joshua Chandraputra Asali 59 White Oil White Oil 15,000 Ton/year ISO 9001, ISO 14001, OHSAS 18001, KN-RCI
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PT LAUTAN LUAS Tbk
PT Findeco Jaya Manufacturing - Affiliate Establishment Line of Business Office & Factory
Shareholders
16 January 1969 Manufacturer of Alkyl Benzene Sulfonate Jl. Raya Bekasi KM 21, Pulo Gadung Jakarta 13920, Indonesia Telephone : +62 21 460 2920 Fax : +62 21 460 2572 Website : www.findeco.com PT LAUTAN LUAS Tbk 36.43% PT Sinar Antjol 8% PT Wings Surya 28.11% Anthoni Salim 6% Winarto Adinoto 3% Ong Ing Sing 6% PT Catur Wangsa Indah 6% PT UICCP Indonesia 6.46% l l l l l l l l
MANAGEMENT President Commissioner Commissioner President Director Vice President Director Director
Employees Products Capacity Certification
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, KN-RCI
Embracing The Community
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PT LAUTAN LUAS Tbk
PT Indonesia Ethanol Industry Establishment Line of Business Office & Factory
Shareholders
Manufacturing - Affiliate
29 January 2007 Manufacturer of Pure Ethanol Jl. Raya Lintas Pantai Timur KM 242.5, Desa Sriwijaya Mataram, Kecamatan Bandar Mataram, Lampung Tengah 34164, Indonesia PT LAUTAN LUAS Tbk 27.6% Siam Resources (S) Pte. Ltd. 31% Cleveland Pte. Ltd. 27.6% Matrix Membranes Enterprises Pte. Ltd. 13.8% l
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MANAGEMENT President Commissioner Commissioner
President Director Director
Employees Product Capacity
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
60,000 Ton/year
PT Mahkota Indonesia Manufacturing - Affiliate Establishment Line of Business Office & Factory
Shareholders
30 October 1969 Manufacturer of Sulfuric Acid, Aluminium Sulfate, Sodium Silicate, Ferro Sulfate, and Potash Alum Jl. Raya Bekasi KM 21, Pulo Gadung, Jakarta 14250, Indonesia Telephone : +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 President Director Director Employees Products Capacities
Adyansyah Masrin Charles Ho Tung Koo Jimmy Masrin Indrawan Masrin Sutejo Monthaniyachat Wong Lung Tak 179 Sulfuric Acid, Aluminium Sulfate, Sodium Silicate (water glass), Ferro Sulfate, 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, SNI, HALAL MUI l l l l l
Certification
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PT LAUTAN LUAS Tbk
PT Lautan Otsuka Chemical Manufacturing - Affiliate Establishment Line of Business
25 May 1989 Manufacturer of Azodicarbonamide (Blowing Agent)
Office
Graha Indramas, 5th Floor Jl. AIP II K.S. Tubun Raya No.77, Jakarta 11410, Indonesia Telephone : +62 21 5367 1251 Fax : +62 21 5367 1250 Jl. Brigjend Katamso KM 123 & 125 Gunung Sugih, Ciwadan, Cilegon, Banten, Indonesia Telephone : +62 254 601 150 Fax : +62 254 601 152 PT LAUTAN LUAS Tbk 30% Otsuka Chemical Co. Ltd. 70%
Factory
Shareholders
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President Director Vice President Director Director
Employees Product Capacity Certification
Joan Fudiana Yujiro Otsuka Indrawan Masrin Sadanobu Tobe Faustinus Fauzi Kazushige Sakai Jimmy Masrin Kazuhiro Nagasawa Masumi Hara Takeharu Harashima Joshua Chandraputra Asali Kenji Kishino Jojong Djurijanto 330 Azodicarbonamide (Blowing Agent) Azodicarbonamide (Blowing Agent) 14,500 Ton/year ISO 9001, ISO 14001, OHSAS 18001, SMK3
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PT LAUTAN LUAS Tbk
PT Roha Lautan Pewarna Manufacturing - Affiliate Establishment Line of Business Office & Factory
8 November 1991 Manufacturer of Dyes & Pigment Kota Delta Mas , Jl.Tol Cikampek KM 37, Kawasan Green Land, Kav. Batavia BD/2, Cikarang Pusat, Bekasi 17530, Indonesia Telephone : +62 21 8997 0302 Fax : +62 21 8997 3247 Website : www.rohaLP.com PT LAUTAN LUAS Tbk 30% Roha Dyechem Pte. Ltd. 70%
Shareholders
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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, HALAL MUI
Employees Products Capacities
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PT Sibelco Lautan Minerals Manufacturing - Affiliate Establishment Line of Business Office & Factory
10 April 1997 Manufacturer of Washed and Dry Silica Sand & Silica Flour Jl. Jababeka XVI Block W 30-35 Kawasan Industri Jababeka Cikarang, Bekasi, Indonesia Telephone : +62 21 893 7465 Fax : +62 21 893 7466 Website : www.sibelcolautanminerals.com PT LAUTAN LUAS Tbk 20% Sibelco Asia Pte. Ltd. 80%
Shareholders
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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 Feldspar 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
Employees Products Capacities
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PT LAUTAN LUAS Tbk
PT Cipta Mapan Logistik Support & Services - Subsidiary Trade Name Establishment Line of Business Office
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 Telephone : +62 21 5367 3208 Fax : +62 21 5367 1276 Bekasi, Bandung, Semarang, Surabaya, and Medan PT LAUTAN LUAS Tbk 99.999% Indrawan Masrin 0.001% l l
MANAGEMENT President Commissioner Commissioner President Director Director Employees Products Certification
Jimmy Masrin Joshua Chandraputra Asali Leo Boon Han Hans Sri Patmowati Jonny Harianto 337 Logistics and Supply Chain Management ISO 9001, ISO 14001, OHSAS 18001
PT Hydro Hitech Optima Support & Services - Subsidiary Establishment Line of Business Office
Product
3 January 2006 Turnkey, BOO, BOT for Water Treatment System & Equipment Zona Industri Manis, Jl. Manis II No. 9, Desa Kadu, Kecamatan Curug, Tangerang 15810, Indonesia Telephone : +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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Herman Santoso Soewandhi Soekamto Subakti Setiawan 35
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PT LAUTAN LUAS Tbk
PT Lautan Jasaindo Establishment Line of Business Office
Support & Services - Subsidiary
Certification
15 February 1995 Support & Laboratory Services Jl. Manis II No. 9, Zona Industri Manis, Desa Kadu, Kecamatan Curug, Tangerang, Indonesia Telephone : +62 21 591 8838; 591 8886 Fax : +62 21 5391 8836 Website : www.lji.co.id PT LAUTAN LUAS Tbk 98.85% PT Fumasjaya Utama 1.15% ISO 9001
MANAGEMENT Commissioner President Director Director Employees
Indrawan Masrin Herman Santoso Ridwan Adipoetra 6
Shareholders
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PT Strategic Partner Solution Support & Services - Subsidiary Establishment Line of Business
14 June 2002 Trading Computer & Accessories IT Consultant & Management Services Graha Indramas, 6th Floor Jl. AIP II K.S. Tubun Raya No. 77, Jakarta 11410, Indonesia Telephone : +62 21 5367 7777 Fax : +62 21 5367 1120 Website : www.myspsolution.com PT LAUTAN LUAS Tbk 99.82% Jimmy Masrin 0.18% l
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Shareholders
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Jimmy Masrin Aswan Hardi Herman Santoso 66 Computer & Accessories
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PT LAUTAN LUAS Tbk
PT Jakamitra Indonesia Establishment Line of Business Office Shareholders
Support & Services - Affiliate
26 November 2010 Industrial Estate Wisma Millenia, Jl. MT Haryono Kav.16, Tebet Barat, Jakarta, Indonesia PT LAUTAN LUAS Tbk 18% PT Japfa Indoland 70% PT Wadari Swargaloka 12% l
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Employees
H. Syamsir Siregar Jimmy Masrin Pranata Hajadi Imam Utomo Herman Santoso Benjamin Soenadi Abednego Timotius Paulus Lie Siaoe Lie -
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PT LAUTAN LUAS Tbk
Corporate Information Company PT LAUTAN LUAS Tbk Domicilied in Jakarta
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
DISTRIBUTION BRANCH OFFICES
KANTOR CABANG DISTRIBUSI
SEMARANG OFFICE Jl. Tambak Aji I/6, Komp. Industri Guna Mekar Semarang 50185 Telephone: +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 Telephone: +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 Telephone: +62 61 794 0800 Fax: +62 61 794 1990 PEKANBARU OFFICE Mailing Address : Komp. Pergudangan Cerya Panam Jl. HR Subrantas Kav. 9, Lot B26-27, Panam, Pekanbaru Ph. & Fax: +62 761 589 091
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Perusahaan PT LAUTAN LUAS Tbk
HEAD OFFICE Graha Indramas Jl. AIP II K.S. Tubun Raya No. 77 Jakarta 11410 Telephone: +62 21 5367 7777 Fax: +62 21 5367 1120 E-mail:
[email protected] Website: www.lautan-luas.com
BANDUNG OFFICE Jl. Jend. Sudirman No. 757 – Bandung 40212 Telephone: +62 22 603 0590 (Hunting) Fax: +62 22 603 0967
78
Data Perusahaan
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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 Alamat Surat : Komp. Pergudangan Cerya Panam Jl. HR Subrantas Kav. 9, lot B26-B27, Panam, Pekanbaru Tel. & Fax: +62 761 589 091
