73
in billion Rupiah
Description June 30, 2015
December 31 2014
2013 2014
Asset 10.4
10.3 42.5
58.5 Liabilities
3.0 0.0
11.1 49.8
Equity 7.4
10.3 31.4
8.7 in billion Rupiah
Description For the six months ended June 30
For the year ended December 31 2015
2014 2015
2014 2012
Revenuenet of return 0.0
0.7 0.8
427.2 642.1
Cost of Goods Sold, General and Administrative Expense
0.0 0.6
0.6 396.4
630.1 Profitloss before tax
0.1 0.1
0.3 30.3
10.8 Net profit for the period and total
comprehensive income 0.1
0.0 0.1
22.7 8.3
Persada has stopped its production since September 2013 and become a dormant company, statement of financial position and statements of income and other comprehensive income for period ending June 30 2015
and 2014 and for the year ended December 31, 2014, 2013, did not show significant movement, expecpt for matters relating to cessation of production.
7. Handal in liquidation process a. Brief History
Handal is a limited company established pursuant to the prevailing regulations in Indonesia, located in Surabaya. Handal was established in 2081 pursuant to the Deed of Establishment No.22 dated, November 11,
1981 made in the presence of Sastra Kosasih Notary in Surabaya, as amended in the Deed of Amendmend No. 5 dated 3 June 1986, made in the presence of Ny. Nursetiani Budi, S.H., in lieu Sastra Kosasih, S.H.,
Notary in Surabaya, whose deed has been approved by the Minister of Justice in the Decree No. C2.6706.HT01.01-TH86, dated 27 September 1986 and was announced in Berita Negara Republik Indonesia
No. 95 dated November 28, 1986, Additional No. 1477.
The Articles of Association had been amended several times. The last amendment was as attached in the Deed of Resolution Statement of the Shareholders of Panamas without the Conduct of an Extraordinary Annual
General Meeting No.5, dated August 12, 2008, made in the presence of Khusnul Yaqin, S.H., M.Hum., Notary in Surabaya, whose deed has been approved by the Minister of Law and Human Rights in accordance with the
Decree No. AHU-63857.AH.01.02.in 2009, dated September 16, 20098 and was announced in Berita Negara Republik Indonesia No. 99 dated December 9, 2008, Additional No. 27040.
b. Business Activities
Handal is a company in freight forwarding and warehousing.
c. Capital Structure and Share Ownership
Based on the latest version of the Article of Association, the shareholding structure of Handal is as follows:
Description Par Value of Rp5,000,000 per Share
Share Amount Par Value Amount Rp
Authorized Capital 10,000
Rp10,000,000,000 Issued and Paid-Up Capital
1. The Company 2,475
Rp2,475,000,000 99.00
1. Panamas
25 Rp25,000,000
1.00
Number of Issued and Fully Paid 2,500
Rp2,500,000,000 100.00
Unissued Shares 7,500
Rp7,500,000,000 -
d. Management and Monitoring
Based on the Deed of Resolution Statement of Shareholder No. 30, dated February 12, 2014, made in the presence of Aryanti Artisari, S.H., M.Kn., Notary in Jakarta, whose deed has been notified to the Minister of
Justice and Human Rights according to the Receipt Letter of Notification No. AHU-AH.01.10-02914, dated February 21, 2014 and as of the date this Prospectus is publishes, the structure of the Board of Commissioners
and Board of Directors of Handal is as follows: Board of Commissioner
74
Commissioner : Roy Kusuma Hekekire
Board of Directors
Director : Henny Susanto
e. Ikhtisar Data Keuangan Penting
The following table illustrates the financial milestone of Handal whose numbers are quoted from their audited financial statement for the 6 six month period ending June 30, 2015, and the year ending December 31, 2014,
2013 and 2012. The financial statements had been audited based on audit standard by Indonesan Institute Of Certifed Public Accountants “IICPA” by by KAP Tanudiredja, Wibisana Partner member
ofPriceWaterhouseCoopers with unqualified opinion in regards to those financial statements. Consolidated financial information of Handal for the six month period ending June 30, 2014 adopted from
Panamas concolidated financial statement were not audited for the six month period ended June 30, 2014 were prepared and presented accordance with the Financial Accounting Standards “FAS” in Indonesia.
in billion Rupiah
Description June 30, 2015
December 31 2014
2013 2014
Asset 10.4
10.3 42.5
58.5 Liabilities
3.0 0.0
11.1 49.8
Equity 7.4
10.3 31.4
8.7 in billion Rupiah
Description For the six months ended June 30
For year ended December 31 2015
2014 2015
2014 2012
Revenuenet of return 0.0
0.7 0.8
427.2 642.1
Cost of Goods Sold, General and Administrative Expense
0.0 0.6
0.6 396.4
630.1 Profitloss before tax
0.1 0.1
0.3 30.3
10.8 Net profit for the period and total
comprehensive income 0.1
0.0 0.1
22.7 8.3
Handal is a dormant company, statement of financial position and statements of income and other comprehensive income for period ending June 30 2015 and 2014 and for the year ended December 31, 2014,
2013, did not show significant movement.
8. TD a. Brief History