Professional Documents
Culture Documents
ANNUAL REPORT
2013
ZERO
DEFORESTATION
PAPER
WITH
PURPOSE
merupakan:
is:
stationery manufacturers.
secara vertikal.
Salah satu pelaku usaha penting di Jepang, Australia, Timur
Tengah, Amerika Serikat, Eropa dan negara Asia lainnya.
Perusahaan berlokasi di tempat strategis di wilayah Asia-
Pasifik.
Perusahaan dikenal dengan produk kertas berkualitas tinggi.
products.
karyawan.
Perusahaan memiliki komitmen untuk menerapkan prinsip
employees.
Committed to sustainability in all its operations.
Daftar isi
Companys data
Laporan Komisaris, Direksi dan Komite Audit 23 Report from Commissioners, Directors, and Audit Committee
Kata Sambutan dari Presiden Komisaris
Message from President Commissioner
Laporan Direksi Kepada Para Pemegang Saham
Report from Directors to Shareholders
Laporan Komite Audit
Report from Audit Committee
Profil 29 Profile
Profil Komisaris
Profile of Commissioners
Profil Komisaris Independen
Profile of Independent Commissioners
Profil Direksi
Profile of Directors
Profil Komite Audit
Profile of Audit Committee
Struktur Organisasi
Organization Structure
Tanggung Jawab dan Usaha Berkelanjutan di 68 Responsibility & Sustainability in All Operations
Semua Kegiatan Operasional
Produk-produk Perseroan 85 Companys Products
Pernyataan Pertanggungjawaban 88 Statement of Responsibility
Laporan Keuangan Konsolidasian 90 Consolidated Financial Statements
Table of Contents
Profil Perseroan
Companys Profile
Kimia and in 1996 it became PT. Pabrik Kertas Tjiwi Kimia Tbk.
and Public Companies was based on the Notarial Deed No. 107
Gazette No. 20, Supplement No. 6973/2009 dated March 10, 2009.
dated June 25, 2009, made before Linda Herawati, S.H., notary in
2010. The Company has been listed on the Jakarta and Surabaya
Profil Perseroan
Companys Profile
and other chemicals, but, since 1978, the Company has had
was 1,277,000 tons for paper, 80,000 tons for packaging and
VISION
VISI
Menjadi yang terdepan di bidang pulp dan kertas dengan
MISSION
products.
Tjiwi
Tjiwi
Kimia
Mill
Penghargaan
&
Sertifikasi
Tjiwi Kimia
Kimia Mill
Mill --- Penghargaan
Penghargaan &
& Sertifikasi
Sertifikasi
Tjiwi
Kimia
Mill
Award
&
Certification
Tjiwi
Kimia
Mill
Award
&
Certification
Tjiwi
Kimia
Mill
Award
&
Certification
Tjiwi Kimia Mill - Penghargaan & Sertifikasi
PRIMANIYARTA
PRIMANIYARTA
PRIMANIYARTA
PRIMANIYARTA
PRIMANIYARTA
ISO CERTIFICATE
CERTIFICATE
ISO ISO
CERTIFICATE
ISO
CERTIFICATE
ISO CERTIFICATE
CERTIFICATE
ISO
CERTIFICATE
ISO ISO
CERTIFICATE
ISO
CERTIFICATE
ISO CERTIFICATE
ECOLABEL
CERTIFICATE
ECOLABEL CERTIFICATE
ECOLABEL CERTIFICATE
ECOLABEL CERTIFICATE
ECOLABEL CERTIFICATE
Tjiwi Kimia
Mill - Penghargaan & Sertifikasi
Penghargaan
& Sertifikasi
Tjiwi Kimia Mill - Award & Certification
Tjiwi
Tjiwi
Kimia
Kimia
Mill
Mill
--Penghargaan
- Penghargaan
&&&
Sertifikasi
Sertifikasi
Kimia
Mill
Penghargaan
Sertifikasi
Award & Certification
PEFC CERTIFICATE
LEI CERTIFICATE
PEFCPEFC
CERTIFICATE
CERTIFICATE
PEFC CERTIFICATE
PEFC
CERTIFICATE
PEFC CERTIFICATE
PRODUCT CERTIFICATE
PRODUCT
PRODUCT
CERTIFICATE
CERTIFICATE
PRODUCT
CERTIFICATE
PRODUCT CERTIFICATE
PRODUCT CERTIFICATE
PRODUCT CERTIFICATE
PRODUCT
CERTIFICATE
PRODUCT
PRODUCT
CERTIFICATE
CERTIFICATE
PRODUCT CERTIFICATE
PRODUCT CERTIFICATE
PRODUCT
CERTIFICATE
PRODUCT
PRODUCT
CERTIFICATE
CERTIFICATE
PRODUCT
CERTIFICATE
PRODUCT CERTIFICATE
PRODUCT CERTIFICATE
LEI CERTIFICATE
LEI CERTIFICATE
LEI CERTIFICATE
LEI LEI
CERTIFICATE
CERTIFICATE
HEALTH CERTIFICATE
HEALTH CERTIFICATE
HEALTH CERTIFICATE
HEALTH CERTIFICATE
SMK3 CERTIFICATE
MDG CERTIFICATE
HALAL PAPER
CERTIFICATE
SMP CERTIFICATE
SMK3 CERTIFICATE
SMK3
CERTIFICATE
SMK3 CERTIFICATE
SMP CERTIFICATE
SMP
CERTIFICATE
SMP CERTIFICATE
VLK CERTIFICATE
AIDS CERTIFICATE
AIDS
CERTIFICATE
AIDS CERTIFICATE
AIDS CERTIFICATE
Informasi Tambahan
Additional Information
Nama Perseroan :
Companys Name :
Tanggal berdiri :
2 Oktober 1972
Date of Establishment :
2 October 1972
Alamat Perseroan:
Head Office
Jakarta 10350
Jakarta 10350
Indonesia
Indonesia
Alamat Pabrik
Mills
Mojokerto 61301
Mojokerto 61301
Modal Dasar
5.000.000.000 saham
Authorized Capital:
5,000,000,000 shares
Modal Disetor
1.335.702.240 saham
Issued Capital
1,335,702,240 shares
Kode Saham
TKIM
Listing Date
3 April 1990
Bursa Efek
Stock Exchange
Saham PT. Pabrik Kertas Tjiwi Kimia Tbk (Kode TKIM) dicatat
The common stock of PT. Pabrik Kertas Tjiwi Kimia Tbk (TKIM) is
Akuntan Publik
Public Accountant
PT Sinartama Gunita
Jakarta 10350
Jakarta 10350
Wali Amanat
Trustee
Jakarta 12190
Jakarta 12190
10
TKIM
Informasi Tambahan
Additional Information
Sekretaris Perusahaan
Corporate Secretary
Agustian R. Partawidjaja
Agustian R. Partawidjaja
Jakarta 10350
Jakarta 10350
Contacts
Jakarta 10350
Jakarta 10350
E-mail: app_investors@app.co.id
E-mail: app_investors@app.co.id
11
Informasi Saham
Share Information
3.200
22.000.000
3.000
20.000.000
2.800
18.000.000
2.600
16.000.000
2.400
14.000.000
2.200
12.000.000
2.000
10.000.000
1.800
8.000.000
1.600
6.000.000
1.400
4.000.000
1.200
2.000.000
1.000
Jan
Jan
Peb
Feb
Mar
Mar
Apr
Apr
Mei
May
Jun
Jun
Jul
Jul
Agt
Aug
Sep
Sep
Okt
Oct
Nov
Nov
> Jumlah Saham diperdagangkan per bulan (Saham) / Monthly Trading Volume (Shares)
> Harga Penutupan / Closing Price (Rp)
(dalam grafik)
Saham / Shares
Rupiah ( Rp)
Des
Dec
(in graphic)
tabel berikut:
2011
Periode
Period
2012
Tertinggi
Highest
Terendah
Lowest
Penutupan
Closing
Q1
3.125
2.425
2.950
Q2
3.175
2.300
Q3
2.750
Q4
2.425
Volume
(Unit)
Tertinggi
Highest
Terendah
Lowest
Penutupan
Closing
Volume
(Unit)
21.522.000
2.425
2.050
2.400
14.150.000
2.375
49.282.000
3.275
2.375
2.450
28.799.000
1.850
2.000
34.415.500
2.825
2.125
2.250
4.595.500
1.710
2.125
15.567.500
2.450
1.910
1.980
1.867.000
2.838.367.260.000 respectively.
12
Composition of Shareholders
60,0%
2. Masyarakat
40,0%
2. Public 40.0%
100,0%
100.0%
Masyarakat
60%
40%
13
Berikut sejarah pencatatan saham PT. Pabrik Kertas Tjiwi Kimia Tbk:
The table below is the stock listing history of PT. Indah Kiat Pulp & Paper Tbk:
KETERANGAN
TANGGAL
DATE
JUMLAH SAHAM
TOTAL SHARE
DESCRIPTION
03 Apr 1990
138.000.000
01 Nov 1990
27.600.000
02 Dec 1991
49.680.000
15 Oct 1992
25.833.600
15 Oct 1992
30.698.158
Konversi Obligasi
1993
12.290.420
Bond Conversion
Konversi Obligasi
1994
11.533.382
Bond Conversion
27 Oct 1994
41.430.988
668.522
Bond Conversion
18 Dec 1995
260.055.823
10 Oct 1996
59.779.089
10 Oct 1996
65.756.998
1996
1.551.272
Bond Conversion
587.345.081
Right Issue
Konversi Obligasi
Penawaran Umum Terbatas
1995
10 Jul 1997
Konversi Obligasi
1997
9.303.099
Bond Conversion
Konversi Waran I
1998
4.055.857
Warrant I Conversion
Konversi Waran I
1999
9.702.936
Warrant I Conversion
Konversi Waran I
2000
417.015
Warrant I Conversion
1.335.702.240
14
2004, these bonds were restructured and divided into two (2)
B (50%) due on October 1, 2017. The interest rate for the first
three (3) years from the effective date is three (3) month - SBI
Rate plus 2% per annum (capped at 14%). In April 2005, with the
30, 2012.
15
Struktur Perseroan
Corporate Structure
Entitas Anak
Subsidiaries
Nama Entitas Anak
Name of Subsidiary
Distributor
Tangerang
Distributor
Distributor
British Virgin Islands
Distributor
100,00
Bidang Keuangan
Financing Company
Mauritius
100,00
TK Trading Limited
Distributor
Distributor
Cayman Islands
100,00
Distributor
Distributor
Cayman Islands
100,00
Distributor
Distributor
100,00
Bidang Keuangan
Belanda/
Financing Company The Netherlands
100,00
Investasi
Investment
Malaysia
100,00
Kehutanan
Forestry
Jakarta
99,99
16
Kedudukan
Domicile
Kepemilikan (%)
Ownership (%)
99,20
17
Ikhtisar Keuangan
Financial Summary
2008
2009
2010
2011
2012
Statement of Income
1.358,8
207,2
85,9
51,7
1.174,1
228,0
119,8
32,1
1.338,8
221,5
79,0
46,6
1.378,7
232,9
105,4
70,8
1.321,6
216,2
85,9
35,7
Net Sales
Gross Profit
Operating Income
Comprehensive Income
Net Income (Loss) attributable to:
51,7
0,0
51,7
31,7
0,0
31,7
46,6
0,0
46,6
70,7
(0,3)
70,4
34,8
0,0
34,8
51,7
0,0
51,7
31,7
0,0
31,7
46,6
0,0
46,6
71,1
(0,3)
70,8
35,7
0,0
35,7
Aset Lancar
Aset Tidak Lancar
Total Aset
775,4
1.487,9
2.263,3
920,8
1.437,0
2.357,8
917,7
1.412,1
2.329,8
1.151,0
1.417,9
2.568,9
1.262,5
1.419,5
2.682,0
Current Assets
Non-Current Assets
Total Assets
300,0
1.343,0
1.643,0
389,0
1.319,0
1.708,0
418,4
1.236,0
1.654,4
598,3
1.228,5
1.826,8
524,4
1.383,3
1.907,7
Short-term Liabilities
Long-term Liabilities
Total Liabilities
Total Ekuitas
620,3
649,8
675,4
742,1
774,3
Total Equity
475,4
-
531,8
1,1
499,3
1,1
552,7
1,1
738,1
1,0
1,3
4,5
240,8
71,1
246,4
1.335,7
0,026
18
Financial - audited
(in Million US Dollar, unless
otherwise stated)
2,3
8,3
258,5
72,6
264,9
1.335,7
0,039
1,3
4,9
236,7
72,4
262,9
1.335,7
0,024
2,0
6,9
219,3
71,0
244,9
1.335,7
0,035
2,7
9,5
192,4
71,1
246,2
1.335,7
0,053
Ikhtisar Keuangan
Financial Summary
Volume Produksi
(dalam ribuan ton)
Kertas
Stationery
Kertas Kemasan
Production Volume
(in thousands of tons)
2008
2009
2010
2011
2012
1.048
215
67
1.001
214
58
1.003
212
56
961
205
71
978
226
73
Volume Penjualan
(dalam ribuan ton)
Kertas
Stationery
Kertas Kemasan
Paper
Stationery
Packaging
Sales Volume
(in thousands of tons)
2008
2009
2010
2011
2012
1.007
198
60
996
172
64
986
190
66
933
183
66
946
187
61
Paper
Stationery
Packaging
19
Ikhtisar Keuangan
Financial Summary
Penjualan Bersih
Net Sales
1.800
1.500
1.378,7
1.358,8
1.200
1.338,8
1.321,6
1.174,1
900
600
300
0
2008
2009
2010
2011
Laba Bersih
2012
Net Income
90
75
70,8
60
51,7
46,6
45
34,8
31,7
30
15
0
2008
20
2009
2010
2011
2012
Ikhtisar Keuangan
Financial Summary
Total Aset
Total Assets
3.000
2.682,0
Total Liabilitas
Total Liabilities
2.250
2.568,9
2.500
2.357,8
2.263,3
2.000
2.329,8
1.907,7
1.826,8
2.000
1.708,0
1.750
1.654,4
1.643,0
1.500
1.500
1.000
1.250
500
1.000
0
2008
2009
2010
2011
2012
Total Ekuitas
2008
2009
2010
2011
2012
Total Equity
1.200
1.000
800
620,3
649,8
742,1
774,3
2011
2012
675,4
600
400
200
0
2008
2009
2010
21
22
Kata Sambutan
dari Komisaris Utama
Dear Shareholders,
demand becomes the primary factor for the fall on selling price.
utama yang menyebabkan harga turun. PT. Pabrik Kertas Tjiwi Kimia
face the similar impact. Market price for the Companys products
Company in 2012.
pada pasar Asia dan domestik yang relatif tidak terpengaruh secara
focused more on the products with high added value that can
aspek operasionalnya.
Dewan Komisaris telah mengkaji strategi dan rencana bisnis yang telah
The BoC have reviewed the defined business long term strategy
global pada tahun 2013 diperkirakan masih belum pulih dari krisis.
23
Kata Sambutan
dari Komisaris Utama
perekonomiansertamasalah-masalahstrategislainnyayangmempengaruhi
oleh Komite Audit. Bersama dengan Auditor Internal, Komite Audit berdiskusi
continuing
encouragement,
dedication
and
Shareholders indefinitely.
24
Laporan Direksi
Kepada Para Pemegang Saham
Dear Shareholders,
During the year of 2012, the global economy has been suffered
with crisis and uncertainty, evidenced by the slow economic
growth in many countries, particularly in Europe. This prolong
crisis significantly affects countries whose main market is highly
depend on the foreign market and/or export demand. In this case,
PT Pabik Kertas Tjiwi Kimia Tbk (Tjiwi Kimia or the Company)
which most of its revenue depends on export market has been
affected implicitly by this crisis. The Companys performance in
2012 was affected along with the decline in its products selling
prices. The result of such matters can be seen as below :
Having reviewed the overall sales and net profit in 2012, the
Companys performance is unfortunately below its business
target. In expanding the business, the Company deals with
several obstacles i.e. fluctuations in selling price, raw materials
price, and exchange rate, higher labors wages rate and also
the condition of global economy that has not been recovered.
To be able to survive within this competitive and tough situation,
the Company has taken on some actions by concentrating on
the existing potential market through product mix strategy,
country mix strategy and new prospective market penetration,
also improving the quality of products in order to exceeding
our customers expectations; increasing the productivity level
and daily operational efficiency by implementing strong budget
control, maintaining balance supply of raw materials and also
implementing the Good Corporate Governance (GCG) on an
ongoing basis. Furthermore, the Company focused more on the
products with high added value that can provide higher margin
and also maximizing the capacity level of the production machine.
25
Laporan Direksi
Kepada Para Pemegang Saham
26
Komite Audit PT. Pabrik Kertas Tjiwi Kimia Tbk terdiri dari:
: Ketua
: Chairman
: Anggota
: Member
: Anggota
: Member
for the year ending December 31, 2011 could be accepted and
27
28
Profil Komisaris
Profile of Commissioners
Komisaris Utama
President Commissioner
1944. He has held various positions within the Sinar Mas group of
sebagai Presiden Direktur PT. Indah Kiat Pulp & Paper Tbk
Utama PT. Pindo Deli Pulp And Paper Mills (1996-2006) dan
Mills (1996-2006) and PT. Lontar Papyrus Pulp & Paper Industry
Utama PT. Pindo Deli Pulp And Paper Mills (2006-2012) dan
Mills (2006-2012) and PT. Lontar Papyrus Pulp & Paper Industry
Warga
Negara
Indonesia,
lahir
di
Pekalongan,
Jawa
Tbk sejak tahun 2000, Komisaris PT. Sinar Mas Sekuritas sejak
2001, Wakil Komisaris Utama PT. SMART Tbk sejak tahun 2002,
Commissioner of the Company and PT. Indah Kiat Pulp & Paper
Wakil Presiden Komisaris PT. Indah Kiat Pulp & Paper Tbk
PT. Pindo Deli Pulp And Paper Mills and PT. Lontar Papyrus Pulp
Deli Pulp And Paper Mills sejak Agustus 2008 dan Komisaris
PT. Lontar Papyrus Pulp & Paper Industry sejak Oktober 2008.
29
Profil Komisaris
Profile of Commissioners
Komisaris
Commissioner
Pindo Deli Pulp And Paper Mills sejak tahun 2002 dan Wakil
Arthur Tahya
Arthur Tahya
Komisaris
Commissioner
Pindo Deli Pulp And Paper Mills sejak tahun 1992, Komisaris
PT. Duta Pertiwi Tbk sejak tahun 1994, Komisaris PT. SMART
sejak tahun 2002, Direktur PT. Lontar Papyrus Pulp & Paper
PT. Indah Kiat Pulp & Paper Tbk since June 2007.
Komisaris Independen
Independent Commissioner
30
Latihan
Perencanaan
Diklat,
Badan
Pendidikan
dan
Sinar Mas Multiartha Tbk (2005-2008), PT. Pindo Deli Pulp And
Tbk (2005-2008), PT. Pindo Deli Pulp And Paper Mills and PT.
Paper Mills dan PT. Lontar Papyrus Pulp & Paper Industry
Lontar Papyrus Pulp & Paper Industry since January 2006, PT.
sejak Januari 2006. PT. Indah Kiat Pulp & Paper Tbk dan
Indah Kiat Pulp Tbk and the Company since September 2007 and
Komisaris Independen
Independent Commissioner
Company (2002-2003), PT. Pindo Deli Pulp And Paper Mills (2002-
2006), PT. Lontar Papyrus Pulp & Paper Industry (2002-2006) and
Indah Kiat Pulp & Paper Tbk sejak tahun 2002 dan Perseroan
& Paper Tbk since 2002 and the Company since 2003. He was
31
Komisaris Independen
Independent Commissioner
Jakarta for Criminal Legal Proceeding Law Major from 2004 until
the present. He was retired as Civil Staff since July 1st, 2005.
Independent Commissioner for PT. Indah Kiat Pulp & Paper Tbk
and the Company.
32
33
Profil Direksi
Profile of Directors
Direktur Utama
President Director
1978 and has been the President Director of the Company since
Presiden Direktur PT. Indah Kiat Pulp & Paper Tbk (2003-
2005), Presiden Komisaris PT. Indah Kiat Pulp & Paper Tbk
PT. Indah Kiat Pulp & Paper Tbk (2005-2007). He was appointed
as President Director of PT. Indah Kiat Pulp & Paper Tbk since
Presiden Direktur PT. Indah Kiat Pulp & Paper Tbk dan sejak
PT. Pindo Deli Pulp And Paper Mills and PT. Lontar Papyrus Pulp
Utama PT. Pindo Deli Pulp And Paper Mills dan PT. Lontar
Direktur
Director
June 2007). As Vice President Director of PT. Indah Kiat Pulp &
Paper Tbk and Director of the Company since June 2007 and was
& Paper Tbk dan Direktur Perseroan. Sejak Agustus 2007 dan
Paper Mills and PT. Lontar Papyrus Pulp & Paper Industry since
Pindo Deli Pulp And Paper Mills dan PT. Lontar Papyrus Pulp
& Paper Industry.
Direktur
Director
34
Profil Direksi
Profile of Directors
menjabat sebagai Komisaris PT. Indah Kiat Pulp & Paper Tbk
Kiat Pulp & Paper Tbk since 2005, Commissioner of the Company
Wakil Direktur Utama PT. Pindo Deli Pulp And Paper Mills
Pulp And Paper Mills and PT. Lontar Papyrus Pulp & Paper
dan PT. Lontar Papyrus Pulp & Paper Industry sejak tahun
2008.
Hendra Jaya Kosasih
Direktur
Director
dengan PT. Indah Kiat Pulp & Paper Tbk pada tahun 1987
Sandjaja (Ernst & Young) in 1984. He joined PT. Indah Kiat Pulp
Kiat Pulp & Paper Tbk dan Wakil Direktur Utama PT. Pindo
PT. Indah Kiat Pulp & Paper Tbk and PT. Pindo Deli Pulp And
Deli Pulp And Paper Mills sejak tahun 1997, Direktur Utama
Pulp & Paper Industry since 2001. He has also been a Director of
Suresh Kilam
Suresh Kilam
Direktur
Director
Delhi, India. He started his career with the Sinar Mas group of
the Company, Vice President Director of PT. Pindo Deli Pulp And
Pindo Deli Pulp And Paper Mills (1992-2007), Komisaris PT. Pindo
Lontar Papyrus Pulp & Paper Industry sejak tahun 2002, Direktur
Papyrus Pulp & Paper Industry since 2002, Director of PT. Indah
PT. Indah Kiat Pulp & Paper Tbk (2002-Agustus 2005) dan diangkat
Kiat Pulp & Paper Tbk (2002-August 2005) and was appointed as
sebagai Wakil Presiden Direktur PT. Indah Kiat Pulp & Paper Tbk
Vice President Director of PT. Indah Kiat Pulp & Paper Tbk since
August 2005.
35
Profil Direksi
Profile of Directors
Agustian R. Partawidjaja
Agustian R. Partawidjaja
Banking for PT. Bank Dutas Main Branch in Kebon Sirih, Jakarta
Public Relations Sinar Mas Group. Sejak tahun 2002 dan 2003
Sinar Mas Group. Since 2002 and 2003, he has been a Corporate
Secretary of the Company and PT. Indah Kiat Pulp & Paper Tbk.
He has served as Director of PT. Indah Kiat Pulp & Paper Tbk and
Direktur PT. Indah Kiat Pulp & Paper Tbk dan Perseroan.
Pindo Deli Pulp And Paper Mills and PT. Lontar Papyrus Pulp &
Deli Pulp And Paper Mills dan Direktur PT. Lontar Papyrus
Anton Mailoa
Anton Mailoa
Direktur
Director
graduated with honors Magna cum Laude from San Diego State
several positions in the Sinar Mas Pulp & Paper business unit,
Mas Unit bisnis Pulp & Paper, antara lain Vice Director
36
Profil Direksi
Profile of Directors
Suhendra Wiriadinata
Suhendra Wiriadinata
Direktur
Director
his career at Prasetio, Utomo & Co. as a Junior Auditor with last
2012) and PT. Lontar Papyrus Pulp & Paper Industry (October
Pulp & Paper Tbk and the Company since June 2011. He was
appointed as Director of PT. Pindo Deli Pulp And Paper Mills and
2011, beliau diangkat sebagai Direktur PT. Indah Kiat Pulp &
PT. Lontar Papyrus Pulp & Paper Industry since August 2012.
Arman Sutedja
Arman Sutedja
Direktur
Director
37
Ketua
Chairman
Perencanaan
Latihan
Diklat,
Badan
Pendidikan
dan
Sinar Mas Multiartha Tbk (2005-2008), PT. Pindo Deli Pulp And
Tbk (2005-2008), PT. Pindo Deli Pulp And Paper Mills and PT.
Paper Mills dan PT. Lontar Papyrus Pulp & Paper Industry
Lontar Papyrus Pulp & Paper Industry since January 2006, PT.
sejak Januari 2006. PT. Indah Kiat Pulp & Paper Tbk dan
Indah Kiat Pulp & Paper Tbk and the Company since September
companies.
Anggota
Member
1974). PT. Bank Panin Tbk (1975-2000) his last position was Vice
38
various companies, including PT. Indah Kiat Pulp & Paper Tbk
Anggota
Member
sebagai Anggota Komite Audit PT. Indah Kiat Pulp & Paper
Eka Tjipta.
39
Struktur Organisasi
Organization Structure
40
41
internasional
dan
juga
memproduksi
produk-produk
in thousands of ton
2011
2012
Kertas
961
978
Paper
Stationery
205
226
Stationery
71
73
Packaging
Kertas kemasan
Prospek Usaha
Product
Business Prospect
in the price of pulp and paper in the world market which are
ini konsumsi pulp dan kertas di Asia masih jauh lebih rendah
the Asia region, the Company predicts that demand and price of
42
melalui
peningkatan
efisiensi
dan
profesionalisme
environmentally friendly.
constantly put their best effort and hardwork so that the Company
will surely be able to lessen the global crisis impact and survive within
and high demand from the Asia market, the Company is expected
43
Tinjauan Keuangan
Financial Review
Income Statement
for the year ended December 31, 2012, was US$ 1,321.6
232,9 juta pada tahun 2011 menjadi US$ 216,2 juta pada
44
Beban Usaha
Operating Expenses
million.
105,4 juta pada tahun 2011 menjadi US$ 85,9 juta pada
Beban Lain-lain
Other Expenses
sebesar US$ 44,3 juta pada tahun 2012 atau naik sebesar
dalam mata uang asing sebesar US$ 0,8 juta dan US$ 0,4
45
bersih
konsolidasian
Perseroan
mengalami
Perseroan.
Comprehensive Income
Laba Komprehensif
Laba komprehensif Perseroan mengalami penurunan
dari US$ 70,8 juta pada tahun 2011 menjadi sebesar US$
Assets
Aset
Pada
aset
tanggal
31
Desember
2012,
jumlah
Liabilitas
Pada tanggal 31 Desember 2012, jumlah liabilitas
46
Liabilities
Ekuitas
Jumlah Ekuitas pada tanggal 31 Desember 2012 adalah
Equity
As of December 31, 2012, total equity amounted to US$
juta.
Arus Kas
Cash Flow
juta dan US$ 94,3 juta. Sedangkan penggunaan arus kas neto
Rentabilitas
Rentability
Return on Investment
Return on Equity
47
Liquidity
Likuiditas
Likuiditas
adalah
kemampuan
perusahaan
untuk
Solvabilitas
Solvabilitas adalah kemampuan perusahaan untuk
memenuhi seluruh liabilitasnya yang dihitung dari rasio
jumlah seluruh kewajiban perusahaan, masing-masing
terhadap jumlah aset dan terhadap ekuitas. Rasio
seluruh liabilitas terhadap jumlah aset Perseroan pada
tanggal 31 Desember 2012 dan 2011 sebesar 71,1%,
sedangkan rasio seluruh liabilitas terhadap ekuitas
Perseroan pada tanggal-tanggal tersebut masingmasing sebesar 246,4% dan 246,2%. Tidak terdapat
perubahan yang signifikan pada tingkat solvabilitas
tahun 2012 dibandingkan tahun 2011.
Solvency
Solvability is the Companys ability to accomplish all of
its liabilities, which is measure by the debt to assets ratio
and debt to equity ratio. The debt to assets ratio of the
Company as of December 31, 2012 and 2011 was 71.1%.
The debt to equity ratio in 2012 and 2011 was 246.4% and
246.2%, respectively. There were no significant changes on
solvability level in 2012 compared to 2011.
Pengelolaan Permodalan
Capital Management
48
Perseroan
memonitor
struktur
modalnya
dengan
menggunakan rasio utang terhadap ekuitas dimana total
utang dibagi dengan ekuitas. Total utang ini adalah utang
pokok dari pinjaman yang berbunga dan total ekuitas adalah
total ekuitas yang dapat diatribusikan kepada pemilik entitas
induk dan kepentingan non-pengendali.
The Company monitors its use of capital structure using a debtto-equity ratio which is total debt divided by total equity. Total debt
represents interest bearing borrowings, while equity represents
total equity attributable to owners of the parent and non-controlling
interest.
49
50
its duties.
Komisaris Utama
President Commissioner
Komisaris
Commissioner
Komisaris
Arthur Tahya
Commissioner
Komisaris Independen
Independent Commissioner
Komisaris Independen
Independent Commissioner
Komisaris Independen
Independent Commissioner
President Director
Direktur
Director
Direktur
Director
Direktur
Direktur
Suresh Kilam
Director
Direktur
Anton Mailoa
Director
Direktur
Suhendra Wiriadinata
Director
Direktur
Direktur/Sekretaris Perusahaan
Arman Sutedja
Agustian Rachmansjah Partawidjaja
irector
Director
Dirctor/Corporate Sercetary
51
year ended December 31, 2011, final dividend distribution for the
pengurus Perseroan.
Dividen
Dividend
tujuan tersebut.
objectives.
52
membutuhkan perhatian.
attention.
and Directors at the meetings held during the year 2012, including
as follows:
Komisaris / Commissioner
Arthur Tahya
Komisaris / Commissioner
11
11
10
11
8
11
12
12
12
12
Perseroan
menyelenggarakan
program
pelatihan
dan
53
Audit Committee
Independen.
Independent Commissioner.
sebagai berikut:
were as follows:
Ketua
Anggota
Anggota
Chairman
Member
Member
were as follows:
sebagai berikut:
54
Audit Commitee
11
10
11
11
Komite Lainnya
Other Committees
pemilihan
mempertahankan
orang-orang
terbaik
dan
Internal Audit
Head of ICAD will provide a report to the Director and the Board
dengan
menitikberatkan
dan
secara
goals.
memberikan
konsultasi
pada
(apabila
prioritas
risiko
diperlukan)
Perseroan.
Dalam melaksanakan tugasnya, Kepala ICAD dibantu oleh
adalah Ibu Meyske. Berikut ini adalah Profil singkat dari Ibu
Meyske :
MEYSKE
MEYSKE
55
predicate Cum Laude. She has joined Sinar Mas Group since
1998 and has held many senior positions since today . She
a.
assessment
of
the
efficiency
and
kebijakan Perseroan;
Companys policy;
e.
Komite Audit;
g. Menyusun program untuk mengevaluasi mutu kegiatan
Internal Control
Internal Control
The
Company
has
documented
control
framework,
are protected and business risk has been declared. This control
56
undangan.
didukung
Kerangka
kerja
pengendalian
system.
Risk Management
phases which are high risk, medium risk and low risk. Priority
sebagai berikut:
1. Standar Perilaku
1.
Standards of Conduct
All activities of the Company are fair, open and respectful. The
Dalam
wajib
melakukan
pekerjaannya,
karyawan
57
confidential.
2. Kepatuhan Hukum
3. Benturan Kepentingan
Conflict of Interest
menghindari
Seluruh
karyawan
diharapkan
dapat
4.
Business Integrity
supporting documents.
pendukungnya.
Program Whistleblowing
Whistleblowing Program
partners.
able to report a fraud that they know to the team Ethics Call
ICAD.
58
After receiving the report, ECC team will inform the Head
Sekretaris Perusahaan
Corporate Secretary
fungsi
kondisi
mensosialisasikan
informasi
mengenai
Partawidjaja.
Profil ringkas Bapak Agustian R Partawidjaja dapat dilihat
profile of Directors.
Risiko Usaha
Risk Factors
1.
59
2. Persaingan
2.
Competition
Companys performance.
kinerja Perseroan.
3. Krisis Ekonomi
3.
Economic Crisis
kinerja Perseroan.
4. Risiko Nilai Tukar Mata Uang Asing
4.
Perseroan terkena risiko perubahan nilai tukar mata
Eropa, Yen Jepang dan Yuan Cina atas biaya, aset dan
operations.
5.
60
6. Credit Risk
counterparty.
7. Liquidity Risk
mendukung
waktu.
aktivitas
penerimaan
piutang
usaha
dan
secara
tepat
fleksibilitas
dengan
borrowings.
8. Faktor Lingkungan
8. Environment Factors
Impact
Dampak
Lingkungan
(BAPEDAL),
suatu
badan
Assessment
Supervisory
Board
(BAPEDAL),
61
9.
Perseroan
kelangsungan
tidak
terhambat,
maka
halnya
dengan
bidang
usaha
business activity.
melakukan
transaksi
dengan
Perseroan.
Perkara Hukum
Legal Action
Financial Statements.
62
Kebijakan Akuntansi
Accounting Policies
tahunannya.
kebijakan
Perseroan
telah
menjelaskan
The events after the reporting period since January 1, 2013 to March
63
64
Human Resource is the most vital asset for PT. Pabrik Kertas
lain, melalui:
1.
2.
3.
4.
5.
Basic Supervisory
5. Basic Supervisory
Program Beasiswa.
Scholarship Program.
1.
paper technology.
2.
disadvantaged.
5.
5. Internship
6. Kuliah Umum
6. General Lecture
65
Family Gathering
1. Family Gathering
2. Best Employee
3. Kompetisi Bipartit
3. Bipartit Competition
4.
5. Pelayanan Kesehatan
5. Healthcare Services
6. Kompetisi Olahraga
6. Sport Competition
kondusif.
66
67
Sinar Mas Pulp & Paper Products (APP) and PT. Pabrik Kertas
secara berkelanjutan.
APP dan Perseroan memiliki visi menjadi yang terdepan di
empowerment programs.
pemberdayaan masyarakat.
68
menjalankan
operasinya
sesuai
Environmental Protection
dengan
until 2013.
2013.
Standar internasional yang diterapkan Perseroan merupakan
standar internasional.
in the industry.
69
dalam
Lingkungan.
polutan,
operasional
sistem
Sistem
Manajemen
pengolahan
air
limbah,
Perseroan
standar
dan
tertinggi
dalam
manajemen
kesehatan
berlaku.
sesuai
ketentuan
perundang-undangan
yang
mendapatkan
berdasarkan
sertifikat
produk
eco-label
70
The Company has also achieved ISO 9706 since 2004. Paper
dan daya tahan yang lebih lama, membuat produk ini cocok
dijadikan arsip.
Untuk produk kertas pembungkus makanan, Perseroan
bahwa
makanan
produk-produk
kertas
pembungkus
seluruh dunia dan lebih dari 245 juta hektar hutan di dunia
2013.
71
bertanggungjawab,
meraih
achieved the LEI CoC standard during 2009. LEI, or the Indonesian
Perseroan
telah
berhasil
System1.
distributed have clear legal status and clear traceability. SVLK will
SVLK have complied with strict standards for timber legality and
other countries.
72
SVLK. Hal ini menjadikannya salah satu pabrik pulp dan kertas
Conservation Program
During 2012, the Company and APP worked together with its
This means that its use and trade is subject to strict regulations
Sosial
Untuk memperluas sistem tanggung jawab sosial dan
To
further
enhance
social
responsibility
systems
and
73
the principles.
Primaniyarta Award
74
Sebelumnya
Penghargaan
Perseroan
telah
menerima
Kreatif.
Sustainability Report
Sustainability Report
ke-empat.
menyusun
Sustainability
Reportnya
yang
Standard.
Corporate
Masyarakat
Empowerment
Social
Responsibility
and
Community
75
termasuk limbah.
Education
provided
76
scholarships
for
supporting
the
college
juga memberikan penghargaan dan pembinaan untuk guruguru berprestasi antara lain untuk melanjutkan pendidikan.
Pada tahun 2012, sebagai bagian perwujudan komitmen
and opened the Rumah Pintar with the same name Kolonel
pemberdayaan
dan
masyarakat
melalui
pendidikan
Guna
meningkatkan
prestasi
olahraga
bulutangkis
Tournament was held in Solo, Central Java. The tagline for the
77
Healthcare Programs
workplace.
Starting in 2002, Tjiwi Kimia formed a task force called Tjiwi Kimia
78
Wakaf Quran
79
years and APP has donated more than 65.000 Al-Qurn including
Pesantren,
Kementerian
Pendidikan
dan
Kebudayaan,
Program Lainnya
Other Programs
ekonomi,
Selain
program-program
pemberdayaan
and chart its progress towards Green House Gas (GHG) targets
and principles.
its GHG emission, APP and the Company has been supporting the
Sesuai
80
dengan
komitmen
Presiden
Indonesia
with the Indonesia Pulp and Paper Association (Asosiasi Pulp dan
Kertas Indonesia/APKI).
and targets, the Company and APP realize the need for concrete,
targets for the next decade and beyond, touching on the issues of
hidup,
kesejahteraan
masyarakat
dan
pemerintahan.
Forest
Over the past decade, the Company and APP have built and
APP developed the HCVF Policy that will guide the company
December 2014.
81
also areas where it needs to improve. The process will also help
APP to identify the areas which are at high risk of human rights
those risks across its operations and those of its major suppliers.
Melalui
keterlibatannya
Perseroan
memperoleh
dalam
Global
wawasan
Compact
mengenai
(GC),
berbagai
valuable initiatives from our peers and shared some of our own
82
Working Group
Working Group
through APP, has also been leading the Indonesia Water Mandate
materials into potable water for villagers that live in and around
83
84
Produk-produk Perseroan
Companys Products
85
Produk-produk Perseroan
Companys Products
86
87
Pernyataan Pertanggungjawaban
Statement of Responsibility
SURAT PERNYATAAN ANGGOTA DEWAN KOMISARIS DAN DIREKSI TENTANG TANGGUNG JAWAB ATAS
LAPORAN TAHUNAN TAHUN 2012 PT. PABRIK KERTAS TJIWI KIMIA Tbk.
STATEMENT OF RESPONSIBILITY OF THE BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS
REGARDING 2012 ANNUAL REPORT OF PT. PABRIK KERTAS TJIWI KIMIA Tbk
Kami yang bertandatangan di bawah ini menyatakan bahwa
Annual Report of PT. Pabrik Kertas Tjiwi Kimia Tbk., has been
Tahunan Perseroan.
Demikian pernyataan ini dibuat dengan sebenarnya.
Komisaris Utama
President Commissioner
Arthur Tahya
Komisaris
Commissioner
88
Pernyataan Pertanggungjawaban
Statement of Responsibility
SURAT PERNYATAAN ANGGOTA DEWAN KOMISARIS DAN DIREKSI TENTANG TANGGUNG JAWAB ATAS
LAPORAN TAHUNAN TAHUN 2012 PT. PABRIK KERTAS TJIWI KIMIA Tbk.
STATEMENT OF RESPONSIBILITY OF THE BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS
REGARDING 2012 ANNUAL REPORT OF PT. PABRIK KERTAS TJIWI KIMIA Tbk
Kami yang bertandatangan di bawah ini menyatakan bahwa
Annual Report of PT. Pabrik Kertas Tjiwi Kimia Tbk., has been
Tahunan Perseroan.
Demikian pernyataan ini dibuat dengan sebenarnya.
Suresh Kilam
Direktur
Director
Direktur
Director
Agustian R. Partawidjaja
Direktur
Director
Arman Sutedja
Direktur
Director
Direktur
Director
Direktur
Director
Anton Mailoa
Direktur
Director
Suhendra Wiriadinata
Direktur
Director
89