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A6. Intera
Establishment and Business Activities
Intera, domiciled in Sidoarjo, is a limited liability company established under the laws and regulations in the Republic of Indonesia. Intera was established under the Deed of a Limited Liability Company Intera
No. 3 dated June 1, 2012, drawn up before Siti Nurul Yuliami, S.H., M.Kn., a Notary in Surabaya. The aforementioned deed was approved by the Minister of Justice of the Republic of Indonesia under Decree
No. AHU-56566.AH.01.01.Tahun 2012 dated November 5, 2012, and registered in the Company Register in accordance with the Mandatory Company Registration Law under No. AHU-
0095978.AH.01.09.Tahun 2012 dated November 5, 2012 and was announced in the State Gazette of the Republic of Indonesia No. 45 dated June 4, 2013, Supplement No. 63350.
Intera’s Articles of Association has been amended several times, and the most recent amendment was made based on the Deed of Resolutions of General Meeting of Shareholders No. 21 dated September
23, 2016, drawn up before Dyah Ayu Ambarwati, S.H., a Notary in Pasuruan Regency, with respect to the change in Intera’s aims and objectives. The deed was approved by the MoLHR under Decree No.
AHU-0018803.AH.01.02.Tahun 2016 dated October 13, 2016, and registered in the Company Register in accordance with the Companies Law under No. AHU-0120991.AH.01.11.Tahun 2016 dated October
13, 2016, the Deed No. 212016.
Intera is domiciled at Jl. Rajawali Blok Industri 678, Betro Village, Sedati District, Sidoarjo Regency, East Java.
The aims and objectives of Intera as set out in Article 3 of the Articles of Association set forth in Deed 212016 are to engage in industrial, service, trade, construction, transportation, agriculture, animal
husbandry, fisheries, plantation, forestry and mining.
To achieve the aims the objectives referred to above, Intera may carry out the following business activities:
a. engage in industrial activities, such as i the wood, barecore, gesso, plywood processing industry, ii the wood furniture and processed wood furniture industries and iii the rattan handicraft industry.
b. To engage in the service business; c. To engage in general trade, both at the Company’s own risk or based on commission on behalf of
other parties, including export-import trade, inter-island trade, and to act as an agent, a purveyor, wholesaler, distributor, supplier;
d. To engage in contractor work, general contractor of all construction works, including, among others, real estate, office buildings, plants, buildings, bridges, irrigations, electricity, phone, water, gas and
other installations related to construction works, including construction planning, implementation and monitoring.
e. To engage in general transportation business, both passenger and freight; f.
To engage in agriculture, animal husbandry, fisheries, plantation, forestry and mining. Intera’s current business activity focuses on the production of furniture made from wood and rattan and
other wooden products including barecore especially for export markets.
Management and Supervision
Based on the Deed of Shareholders Resolutions of Intera No. 7 dated September 2, 2016, drawn up before Dyah Ayu Ambarwati, S.H., M.Kn., a Notary in Pasuruan Regency, the composition of the Board
of Commissioners and the Board of Directors of Intera are as follows:
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Board of Commissioners Commissioner
: Hendro Rusli
Directors President Director
: Halim Rusli Director
: Widjaja Karli
Capital Structure and Shareholder Composition
Based on the Deed of Shareholders Resolutions of Intera No. 7 dated September 2, 2016, drawn up before Dyah Ayu Ambarwati, S.H., M.Kn., a Notary in Pasuruan Regency, its capital structure and
shareholder composition are as follows:
Description Nominal Value Rp1.000.000.- per share
Percentage of Ownership
Number of Shares
Total Nominal Value Rp Authorized Capital
22,600 22,600,000,000
Issued and Fully paid-in capital
The Company 22,374
22,374,000,000 99
PT Alam Mentari Sejahtera 226
226,000,000 1
Issued and Fully paid-in capital 22,600
22,600,000,000 100
Total Shares in Portfolio -
-
Key Financial Highlights
The following table presents Intera’s key financial highlights derived from Intera’s financial statements as of and for the years ended on December 31, 2016, 2015 and 2014.
Intera’s financial statements as of December 31, 2016, and the year then ended were audited by Teramihardja, Pradhono Chandra, Registered Public Accountants, an independent auditor, based on
the auditing standards set out by IAPI, with unmodified opinion and were signed by Pradhono.
Intera’s financial statements as of December 31, 2015, and the year then ended were audited by Teramihardja, Pradhono Chandra, Registered Public Accountants, an independent auditor, based on
the auditing standards set out by IAPI, with unmodified opinion and were signed by Agustina Felisia.
In Rupiah
Description December 31
2014 2015
2016 Statements of Financial Position
Current Assets 38,342,000,853
28,441,912,499 133,891,366,968
Non-Current Assets 97,297,950
14,848,855,886 37,195,900,602
Total Assets 38,439,298,803
43,290,768,385 171,087,267,570
Current Liabilities 27,455,954,333
30,023,676,766 107,624,108,570
Non-Current Liabilities -
249,166,555 5,391,753,181
Total Liabilities 27,455,954,333
30,272,843,321 113,015,861,751
Share Capital 50,000,000
10,200,000,000 22,600,000,000
Additional Paid-in Capital 10,150,000,000
- 51,500,000
Revaluation Surplus of Fixed Assets - net -
- 7,909,500,000
Retained earnings 783,344,470
2,817,925,064 27,510,405,819
Total Equity 10,983,344,470
13,017,925,064 58,071,405,819
Total Liabilities and Equity 38,439,298,803
43,290,768,385 171,087,267,570
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a. Current Assets December 31, 2016 compared to December 31, 2015
Intera’s total current assets as of December 31, 2016 increased by 370.8 or Rp105,449,454,469, from Rp28,441,912,499 as of December 31, 2015 to Rp133,891,366,968. The increase was mainly due to an
increase in inventories in 2016, in line with an increase in export sales.
b. Non-Current Assets December 31, 2016 compared to December 31, 2015
Intera’s total non-current assets as of December 31, 2016 increased by 150.5 or Rp22,347,044,716, from Rp14,848,855,886 as of December 31, 2015 to Rp37,195,900,602. The increase was mainly due to
increased investment activities in the form of acquisition of fixed assets, i.e. machinery and equipment to support operational activities, and the revaluation of Intera’s investment property in the form of land in
Lamongan.
December 31, 2015 compared to December 31, 2014
Intera’s total non-current assets as of December 31, 2015 increased by 15,161.2 or Rp14,751,557,936, from Rp97,297,950 as of December 31, 2014 to Rp14,848,855,886. The increase
was mainly due to the purchase of machinery and a motor vehicle in 2015.
c. Total Assets December 31, 2016 compared to December 31, 2015
Intera’s total assets as of December 31, 2016 increased by 295.2 or Rp127,796,499,185, from Rp43,290,768,385 as of December 31, 2015 to Rp171,087,267,570. The increase was mainly due to an
increase in inventories in 2016, which was in line with an increase in export sales and investment activities in the form of acquisition of fixed assets, i.e. machinery and equipment to support its
operational activities, and revaluation of Intera’s investment property in the form of land in Lamongan.
d. Current Liabilities December 31, 2016 compared to December 31, 2015
Intera’s total current liabilities as of December 31, 2016 increased by 258.5 or Rp77,600,431,804, from Rp30,023,676,766 as of December 31, 2015 to Rp107,624,108,570. The increase was mainly due to
additional bank loans taken by Intera from Exim, which Intera used to finance its working capital.
e. Non-Current Liabilities December 31, 2016 compared to December 31, 2015
Intera’s total non-current liabilities as of December 31, 2016 increased by 2,063.9 or Rp5,142,586,626, from Rp249,166,555 as of December 31, 2015 to Rp5,391,753,181. The increase was mainly due to an
increase in lease payables in connection with acquisition of fixed assets and the deferred tax liabilities arising from revaluation of fixed assets.
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f. Total Liabilities December 31, 2016 compared to December 31, 2015
Intera’s total liabilities as of December 31, 2016 increased by 273.3 or Rp82,743,018,430, from Rp30,272,843,321 as of December 31, 2015 to Rp113,015,861,751. The increase was mainly due to
additional bank loans taken by Intera from Exim, which Intera used to finance its working capital, and an increase in lease payables in connection with acquisition of fixed assets and the deferred tax liabilities
arising from revaluation of fixed assets.
g. Total Equity December 31, 2016 compared to December 31, 2015
Intera’s total equity as of December 31, 2016 increased from 346.1 or Rp45,053,480,755, from Rp13,017,925,064 as of December 31, 2015 to Rp58,071,405,819. The increase was mainly due to an
increase in additional paid-in capital and gain on revaluation of investment properties.
In Rupiah
Description For the years ended on December 31
2014 2015
2016 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Net Sales 9,220,517,750
29,412,434,934 136,741,268,362
Gross Profit 722,826,798
4,125,838,264 44,670,032,914
Profit for the year 354,878,427
2,034,580,594 25,822,615,715
Total Comprehensive Income for the Year 354,878,427
2,034,580,594 25,792,480,755
a. Net Sales Year Ended on December 31, 2016 compared to the Year Ended on December 31, 2015
Intera’s net sales for the year ended on December 31, 2016 increased by 364.9 or Rp107,328,833,428, from Rp29,412,434,934 for the year ended on December 31, 2015 to
Rp136,741,268,362. The increase in net sales was mainly due to an increase in sales volume and new customers.
Year Ended on December 31, 2015, compared to the Year Ended on December 31, 2014
Intera’s net sales for the year ended on December 31, 2015 increased by 219.0 or Rp20,191,917,184, from Rp9,220,517,750 for the year ended on December 31, 2014 to Rp29,412,434,934. The increase in
net sales was mainly due to an increase in sales volume and new customers.
b. Gross profit Year Ended December 31, 2016 compared to the Year Ended on December 31, 2015
For the abovementioned reasons, Intera’s gross profit for the year ended on December 31, 2016 increased by 982.7 or Rp40,544,194,650, from Rp4,125,838,264 for the year ended on December 31,
2015 to Rp44,206,818,317.
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Year Ended December 31, 2015 compared to the Year Ended on December 31, 2014
For the abovementioned reasons, Intera’s gross profit for the year ended on December 31, 2015 increased by 470.8 or Rp3,403,011,466, from Rp722,826,798 for the year ended on December 31,
2014 to Rp4,125,838,264.
c. Profit for the year Year Ended on December 31, 2016 compared to the Year Ended on December 31, 2015
Intera’s profit for the year ended on December 31, 2016 increased by 1,169.2 or Rp23,788,035,121, from Rp2,034,580,594 for the year ended on December 31, 2015 to Rp25,822,615,715. The increase in
profit was due to an increase in export sales.
Year Ended on December 31, 2015 compared to the Year Ended on December 31, 2014
Intera’s profit for the year ended on December 31, 2015 increased by 473.3 or Rp1,679,702,167, from Rp354,878,427 for the year ended on December 31, 2014 to Rp2,034,580,594. The increase in profit
was due to an increase in export sales.
d. Total Comprehensive Income for the Year Year Ended on December 31, 2016 compared to the Year Ended on December 31, 2015
Intera’s total comprehensive income for the year ended on December 31, 2016 increased by 1,096.0 or Rp23,757,900,161, from Rp2,034,580,594 for the year ended on December 31, 2015 to
Rp25,792,480,755. The increase in total comprehensive income was due to an increase in export sales and revaluation of fixed assets.
A7. Integriya
Establishment and Business Activities
Integriya, domiciled in Sidoarjo Regency, is a limited liability company established under the laws and regulations in the Republic of Indonesia. Integriya was established under the Deed of a Limited Liability
Company Integriya No. 48 dated March 25, 2013, drawn up before Siti Nurul Yuliami, S.H., a Notary in Surabaya. The Deed was approved by the MoLHR under Decree No. AHU-17886.AH.01.01. Tahun 2013
dated April 8, 2013, and registered in the Company Register in accordance with the Companies Law under No. AHU-0030465.AH.01.09. Tahun 2013 dated April 8, 2013 and was announced in the State
Gazette of the Republic of Indonesia No. 914522013 dated September 6, 2013, Supplement No. 72. Integriya’s Articles of Association has been amended several times, and the most recent amendment
was made based on the Deed of Meeting Resolutions of Integriya No. 75 dated April 27, 2015, drawn up before Siti Nurul Yuliami, S.H., a Notary in Surabaya. The deed was approved by the MoLHR under
Decree No. AHU-0934618.AH.01.02. Tahun 2015, and registered in the Company Register in accordance with the Companies Law under No. 3500776.AH.01.11. Tahun 2015 dated May 5, 2015.
Intera is domiciled at Jl. Industri No. 28, RT 010 RW 003, Sukorejo Village, Buduran District, Sidoarjo Regency, East Java.
The aims and objectives of Integriya as set forth in Article 3 of Integriya’s Articles of Association, which are set out in the Deed of Establishment of a Limited Liability Company of Integriya No. 48 dated March
25, 2013, drawn up before Siti Nurul Yuliami, S.H., a Notary in Surabaya are to engage in trade and
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services businesses. To achieve the aforementioned aims and objectives, Integriya may carry out the following business activities:
a. Trade; i.
To carry out import and export trade, inter-island or regional trade, and local trade for products produced independently or by other companies;
ii. To act as a distributor, agent and representative of other entities or companies, both domestic and international;
iii. To act as wholesaler, supplier, purveyor and commission house; b. Services;
i. To engage in the provision of services;
ii. Product packaging and delivery services; iii. Transportation services;
Integriya’s current business activity focuses on retail and distribution of furniture and home decorations for local markets.
Management and Supervision
Based on the Deed of Shareholders Resolutions No. 11 dated September 2, 2016, drawn up before Dyah Ayu Ambarwati, S.H., M.Kn., a Notary in Pasuruan Regency, which was reported to the MoLHR,
registered in the Legal Entity Administration System database of the Ministry of Law and Human Rights under the Receipt of Notification of Company Data Change No. AHU-AH.01.03-0079872 dated
September 14, 2016, and registered in the Company Register in accordance with the Companies Law under No. AHU-0107024.AH.01.11.Tahun 2016 dated September 14, 2016, the composition of the
Board of Commissioners and the Board of Directors of Integriya are as follows:
Board of Commissioners Commissioner
: Sjany Tjandra
Directors President Director
: Stephanie Kane Ilham Director
: Meity Lin-lin
Capital Structure and Shareholder Composition
Based on the Deed of the Meeting Resolutions of Integriya No. 75 dated April 27, 2015, drawn up before Siti Nurul Yuliami, S.H., M.Kn., a Notary in Surabaya, Integriya’s capital structure and shareholder
composition were as follows:
Description Nominal Value Rp100.00.- per share
Percentage of Ownership
Number of Shares
Total Nominal Value Rp Authorized Capital
202,000 20,200,000,000
Issued and Fully paid-in capital
The Company 199,980
19,998,000,000 99
PT Integra Indo Lestari 2,020
202,000,000 1
Issued and Fully paid-in capital 202,000
20,200,000,000 100
Total Shares in Portfolio -
-
Key Financial Highlights
The following table presents Integriya’s key financial highlights derived from the consolidated financial statements as of and for the years ended on December 31, 2016, 2015 and 2014.
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Integriya’s financial statements as of December 31, 2016, and for the years ended on those dates were audited by Teramihardja, Pradhono Chandra, Registered Public Accountants, an independent auditor,
based on the auditing standards set out by IAPI, with unmodified opinion and were signed by Pradhono.
Integriya’s financial statements as of December 31, 2015, and for the years ended on those dates were audited by Teramihardja, Pradhono Chandra, Registered Public Accountants, an independent auditor,
based on the auditing standards set out by IAPI, with unmodified opinion and were signed by Agustina Felisia.
In Rupiah
Description December 31
2014 2015
2016 Statements of Financial Position
Current Assets 37,371,448,285
28,254,113,395 42,135,285,100
Non-Current Assets 5,185,045,309
45,394,219,217 63,799,472,220
Total Assets 42,556,493,594
73,648,332,612 105,934,757,320
Current Liabilities 21,538,943,192
54,264,836,999 95,930,848,404
Non-Current Liabilities -
63,965,356 420,962,605
Total Liabilities 21,538,943,192
54,328,802,355 96,351,811,009
Share Capital 50,000,000
20,200,000,000 20,200,000,000
Additional Paid-in Capital 20,150,000,000
- -
Retained Earnings Deficit 817,550,402
880,469,743 10,617,053,689
Total Equity 21,017,550,402
19,319,530,257 9,582,946,311
Total Liabilities and Equity 42,556,493,594
73,648,332,612 105,934,757,320
unaudited
a. Current Assets December 31, 2016 compared to December 31, 2015
Integriya’s total current assets as of December 31, 2016 increased by Rp13,881,171,705 or 49.1, from Rp28,254,111,395 as of December 31, 2015 to Rp42,135,285,100. The increase was mainly due to an
increase in inventories and trade receivables in line with an increase in sales.
b. Non-Current Assets December 31, 2016 compared to December 31, 2015
Integriya’s total non-current assets as of December 31, 2016 increased by Rp18,405,253,003 or 40.6, from Rp45,394,219,217 as of December 31, 2015 to Rp63,799,472,220. The increase was mainly due to
the purchase of office furniture and fixtures and motor vehicles.
December 31, 2015 compared to December 31, 2014
Integriya’s total non-current assets as of December 31, 2015 increased by Rp40,209,173,908 or 775.5, from Rp5,185,045,309 as of December 31, 2014 to Rp45,394,219,217. The increase was mainly due to
an increase in fixed assets in connection with the construction of additional stores.
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c. Total Assets December 31, 2016 compared to December 31, 2015
Integriya’s total assets as of December 31, 2016 an increased by Rp32,286,424,708 or 43.8, from Rp73,648,332,612 as of December 31, 2015 to Rp105,934,757,320. The increase was mainly due to an
increase in inventory, trade receivables and fixed assets resulting from the purchase of office furniture and fixtures and motor vehicles.
December 31, 2015 compared to December 31, 2014
Integriya’s total assets as of December 31, 2015 increased by Rp31,091,839,018 or 73.1, from Rp42,556,493,594 as of December 31, 2014 to Rp73,648,332,612. The increase was mainly due to an
increase in fixed assets in connection with the construction of additional stores.
d. Current Liabilities December 31, 2016 compared to December 31, 2015
Integriya’s total current liabilities as of December 31, 2016 increased by Rp41,666,011,405 or 76.8, from Rp54,264,836,999 as of December 31, 2015 to Rp95,930,848,404. The increase was mainly due to
additional loans taken by Integriya from related parties, which was used to finance its working capital.
December 31, 2015, compared to December 31, 2014
Integriya’s total current liabilities as of December 31, 2015 increased by Rp32,725,893,807 or 151.9, from Rp21,538,943,192 as of December 31, 2014 to Rp54,264,836,999. The increase was mainly due to
additional loans taken by Integriya from related parties, which was used to finance its working capital.
e. Non-Current Liabilities December 31, 2016 compared to December 31, 2015
Integriya’s total non-current liabilities as of December 31, 2016 increased by Rp356,997,249 or 558.1, from Rp63,965,356 as of December 31, 2015 to Rp420,962,605. The increase was mainly due to an
increase in post-employment benefit obligations arising from additional employees from the opening of new stores.
f. Total Liabilities December 31, 2016 compared to December 31, 2015
Integriya’s total liabilities as of December 31, 2016 increase of Rp42,023,008,654 or 77.4, from Rp54,328,802,355 as of December 31, 2015 to Rp96,351,811,009. The increase was mainly due to
additional loans taken by Integriya from related parties, which was used to finance its working capital.
December 31, 2015 compared to December 31, 2014
Integriya’s total liabilities as of December 31, 2015 increased by Rp32,789,859,163 or 152.2, from Rp21,538,943,192 as of December 31, 2014 to Rp54,328,802,355. The increase was mainly due to
additional loans taken by Integriya from related parties, which was used to finance its working capital.
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g. Total Equity December 31, 2016 compared to December 31, 2015
Integriya’s total equity as of December 31, 2016 decreased by Rp9,736,583,946 or 50.4, from Rp19,319,530,257 as of December 31, 2015 to Rp9,582,946,31. The decrease was mainly because
Integriya still suffered from losses in 2016.
In Rupiah
Description For the years ended on December 31
2014 2015
2016 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Net Sales 10,501,664,54
7 15,690,047,060
36,204,535,529 Gross Profit
3,000,749,113 4,459,787,060
11,490,391,916 Profit for the year
786,265,898 1,698,020,145
9,644,396,316 Total Comprehensive Income Loss for the Year
786,265,898 1,698,020,145
9,736,583,946
a. Net Sales Year Ended on December 31, 2016 compared to the Year Ended on December 31, 2015
Integriya’s net sales for the year ended on December 31, 2016 increased by Rp20,514,488,469 or 130.8, from Rp15,690,047,060 for the year ended on December 31, 2015 to Rp36,204,535,529. The
increase in net sales was mainly due to the opening of new stores that increased Integriya’s sales in 2016.
Year Ended on December 31, 2015 compared to the Year Ended on December 31, 2014
Integriya’s net sales for the year ended on December 31, 2015 increased by Rp5,188,382,513 or 49.4, from Rp10,501,664,547 for the year ended on December 31, 2014 to Rp15,690,047,060. The increase in
net sales was mainly due to the reduction of sales discount offered to customers.
b. Gross profit Year Ended on December 31, 2016 compared to the Year Ended on December 31, 2015
For the abovementioned reasons, Integriya’s gross profit for the year ended on December 31, 2016 increased by Rp7,030,604,856 or 157.6, from Rp4,459,787,060 for the year ended on December 31,
2015 to Rp11,490,391,916. The increase in gross profit was due to an increase in sales due to the opening of new stores.
Year Ended on December 31, 2015 compared to the Year Ended on December 31, 2014
For the abovementioned reasons, Integriya’s gross profit for the year ended on December 31, 2015 increased by Rp1,459,037,947 or 48.6, from Rp3,000,749,113 for the year ended on December 31,
2014 to Rp4,459,787,060. The increase in gross profit was mainly due to an increase in sales as a result of a reduction in sales discounts offered to customers.
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c. Profit for the year Year Ended on December 31, 2016 compared to the Year Ended on December 31, 2015
Integriya’s loss for the year ended on December 31, 2016 increased by Rp7,946,376,171 or 468.0, from Rp1,698,020,145 for the year ended on December 31, 2015 to Rp9,644,396,316. The increase in
loss for the year was mainly due to an increase in salary expenses resulting from additional new employees and an increase in interest expense.
Year Ended on December 31, 2015 compared to the Year Ended on December 31, 2014
Integriya’s loss for the year ended on December 31, 2015 decreased by Rp2,484,286,043 or 316.0, from Rp786,265,898 for the year ended on December 31, 2014 to Rp1,698,020,145. The decrease in
profit for the year was mainly due to an increase in operating expenses in connection with Integriya’s business development plan.
B.
Description of Indirect Subsidiary
As of the date this Prospectus, the Company has one Indirect Subsidiary, in which the Company has 50.0 indirect shareholding, as described below:
No. Company Name
Line of Business Percentage of
Ownership Year of Initial
Investment Operational
Information
1.
WII Door and equipment
manufacturing 50.0 indirect
ownership through Interkayu
2015 Operating
B.1.
WII Establishment and Business Activities
WII, domiciled in Sidoarjo Regency, is a limited liability company established under the laws and regulations in the Republic of Indonesia, and was first established under the name of PT Interkreasi
Integra Indonesia based on the Deed of Establishment of a Limited Liability Company PT Interkreasi Integra Indonesia No. 3 dated March 16, 2015, drawn up before Dyah Ayu Ambarwati, S.H., M.Kn., a
Notary in Pasuruan Regency. The Deed was approved by the MoLHR under Decree No. AHU- 2436632.AH.01.01.Tahun 2015 dated April 29, 2015, concerning the Approval of Establishment of a
Legal Entity dated April 29, 2015, and was registered in the Company Register in accordance with the Companies Law under No. AHU-3498775.AH.01.11.Tahun 2015 dated April 29, 2015.
Pursuant to the Deed of Meeting Resolutions of PT Interkreasi Integra Indonesia No. 10 dated December 28, 2015, drawn up before Dyah Ayu Ambarwati, S.H., M.Kn., a Notary in Pasuruan Regency, WII
changed its name from PT Interkreasi Integra Indonesia to WII. The Deed was: i approved by the MoLHR under Decree No. AHU-0949103.AH.01.02.Tahun 2015 dated December 30, 2015, ii
registered in the Company Register in accordance with the Companies Law No. AHU- 3599707.AH.01.11.Tahun 2015 dated December 30, 2015, iii received and recorded in the database of
the Legal Entity Administration System of the Ministry of Law and Human Rights under the Receipt of Notification of Amendment to WII’s Articles of Association No. AHU-AH.01.03-0992229 dated December
30, 2015; and iv received and registered in the Legal Entity Administration System of the Ministry of Law and Human Rights under Receipt of Notification of WII’s Company Data Change No. AHU-
AH.01.03-0992230 dated December 30, 2015.
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WII’s Articles of Association has been amended several times, and the most recent amendment was set out in the Deed of Meeting Resolutions of PT Interkreasi Integra Indonesia No. 10, dated December 28,
2015, drawn up before Dyah Ayu Ambarwati, S.H., M.Kn., a Notary in Pasuruan Regency.
WII is domiciled at Jl. Raya Industri No. 678, RT 13 RW 7, Sukorejo Village, Buduran District, Sidoarjo Regency, East Java.
The aims and objectives of WII as set out in Article 3 of WII’s Articles of Association set forth in the Deed of Meeting Resolutions of PT Interkreasi Integra Indonesia No. 10 dated December 28, 2015, drawn up
before Dyah Ayu Ambarwati, S.H., M.Kn., a Notary in Pasuruan Regency, are to engage in manufacturing. To achieve the aims the objectives referred to above, WII may carry out the following
business activities:
a. To engage in manufacturing of doors and its accessories, particularly but not limited to wooden
doors and accessories; b.
To engage in WII’s product sales, both domestic and international export; c.
To engage in the installation of, and monitoring of the installation of, WII’s products. WII’s current business activities focus on the production of wooden doors and frames for local and export
markets.
Management and Supervision
Pursuant to the Deed of Meeting Resolutions of PT Interkreasi Integra Indonesia No.10, dated December 28, 2015, drawn up before Dyah Ayu Ambarwati, S.H., M.Kn., a Notary in Pasuruan Regency, the
composition of the Board of Commissioners and the Board of Directors of WII are as follows:
Board of Commissioners President Commissioner
: Yusho Nakamoto
Commissioner :
Halim Rusli
Directors President Director
: Widjaja Karli
Vice President Director :
Hiroyuki Kawado Director
: Sandy Angdjaja
Director :
Tomoyuki Miyauchi
Capital Structure and Shareholder Composition
Pursuant to the Deed of Meeting Resolutions of PT Interkreasi Integra Indonesia No.10, dated December 28, 2015, drawn up before Dyah Ayu Ambarwati, S.H., M.Kn., a Notary in Pasuruan Regency, the capital
structure and shareholder composition of WII are as follows:
No. Name of Shareholder
Number of Shares Total Nominal Value in Rupiah
Total Nominal Value of A Series
Shares + B Series Shares in Rupiah
A Series B Series
A Series Shares, Nominal Valueof
Rp1,000,000.00 B Series Shares
Rp1,014,492.75 Authorized Capital
16,560 16,560
16,560,000,000 16,800,000,000
33,360,000,000 Issued Capital
1. Interkayu
16,560 -
16,560,000,000 -
16,560,000,000 49.64
2. WoodOne International Limited
- 16,560
- 16,800,000,000
16,800,000,000 50.36
Total Paid-in Capital 16,560
16,560 16,560,000,000
16,800,000,000 33,360,000,000
100.0 Total Shares in Portfolio
- -
- -
-
120
11. List of the Company’s Assets Pledged as Collateral
