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No. Subject
Description
Rp36,100,000,000.- b.
Fiduciary lien on all Intera’s third party trade receivables with a collateral value of Rp5,700,000,000.-
c. A mortgage right amounting to Rp9,930,000,000.- on Intera’s HGB Certificate No.
10, 12, 55, 86, and 102, located in Jl. Raya Bojonegoro, Jombang KM. 11. d.
Fiduciary lien on existing machinery and equipment, i.e. the machinery and equipment owned by Intera with a collateral value of Rp6,900,000,000.
Assignment NA
Covenants and Encumbrances
Among others: a.
Conducting mergers, acquisitions and sales or releases of rights over the Debtor’s assets, except in the normal course of business.
b. Selling or transferring in any way whatsoever or releasing a portion of or all of the
Debtor’s assets, except in the Debtor’s normal course of business. c.
Distributing dividends may be allowed, however, the Debtor is required to submit a written notification to the creditor by no later than 14 days subsequent to the
dividend distributor, provided that the Debtor generates profit and has no installment and interest arrears to the creditor during the respective fiscal period.
d. Changing the Debtor’s shareholder and management compositions.
Unilateral Termination NA
Governing Laws Laws of the Republic of Indonesia
Dispute Settlement NA
The Group has also obtained the necessary waivers in relation to the negative covenants on dividend distributions and the implementation of the Initial Public Offering as stated in i BNI Letter No.
LMC22.5120R dated June 8, 2017 regarding Approval on Change of Credit Facility Terms; Ii BNI Letter No. LMC22.5121R dated June 8, 2017 regarding Approval on Change of Credit Facility Terms;
iii Exim Letter No. BS.0090PBS042017 dated April 28, 2017 regarding the Agreement on the Amendment of Terms and Conditions and iv Exim Letter No. BS.0291PBS122016 dated December 5,
2016.
14. Insurance
The Company’s insurance policies are as follows:
No. Policy No.
Name of the Insurer
Name of the Insured
Insured Object Sum Insured
Valid Up to
1. Industrial All Risks
Cover Note No. 03440VIIASEISBY
PT Asuransi Asei Indonesia
as Leader The Company
Office, Warehouse, Production and
Door Production Operations
Rp204,900,520,000.00 July 25, 2016 up to July
25, 2017 2.
Industrial All Risks Cover Note No.
03441VIIASEISBY PT Asuransi
Asei Indonesia as Leader
The Company Office, Warehouse,
Production and Door Production
Operations Rp198,041,503,761.00
July 25, 2016 up to July 25, 2017
3. Industrial All Risks
Cover Note No. 03442VIIASEISBY
PT Asuransi Asei Indonesia
as Leader The Company
Inventories Rp87,500,000,000.00
July 25, 2016 up to July 25, 2017
4. Policy No. 01-PAR-
00027-000-11-2014 PT Asuransi
Raksa Pratikara The Company
Machinery and accessories
Rp2,566,541,000.00 November 5, 2014 up to
November 5, 2017 5.
Policy No. 01-PAR- 00027-000-11-2014
PT Asuransi Raksa Pratikara
The Company Machinery
Rp2,566,541,000.00 January 29, 2015 up to
January 29, 2018 6.
Policy No. 01-PAR- 00078-000-01-2015
PT Asuransi Raksa Pratikara
The Company Machinery
Rp936,140,700.00 January 29, 2015 up to
January 29, 2018
The Company is not affiliated with the insurance companies insurers referred to above. The total sum
insured is sufficient to cover losses that may arise in relation to the insured facilities and infrastructures.
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The Company believes that insurance coverage on the Company’s material assets is sufficient to replace the insured objects or to cover the insured risks. The Company is not in default and has never received
any warnings andor reprimands in connection with to the insurance policies disclosed above.
15. Intellectual Property Rights
The Company owns andor is in the process of registering the following intellectual property rights:
Brand
No. RegistrationApplication
Protection Period Description
Number Date
Brand Etiquette Class
1. IDM000477259
November 26, 2013
INTERA 20
Up to November 26, 2023 Black, White
2. IDM000506767
September 16, 2013
INTEGRA GROUP
20 September 16, 2023
Green, Brown, White, Blue
16. Current Legal Proceedings Faced by the Company, the Company’s Board of Commissioners and Directors
As of the date of this Prospectus, the Company and each member of the Company’s Board of Commissioners and Directors have never been declared bankrupt and are not involved in any civil or
criminal proceedings, disputes cases in any court of law andor arbitral institution either in Indonesia or outside Indonesia, administrative disputes with authorized government institutions including disputes with
respect to tax obligations, disputes related to labor disputeindustrial relations as well as any dispute which could materially affect the Company’s business activities, the Company’s continuity or the Initial
Public Offering.
As of the date of this Prospectus, there are no legal notices served to the Company, and each member of the Company’s Board of Commissioners and Board of Directors, which may potentially develop into
legal proceedings.
17. Business Activities and Prospects 17.1.
