Annual Report 2012 part 1
(2)
To be
the leading integrated solutions provider
in the world of LIFESTYLE and FASHION
We will excel in Design, Development and Sourcing
to deliver the right products and services
competitively with a focus on quick response
our
vision
and
mission
daftar isi
contents
ERATEX in Brief
Company Milestone
Organization Structure
Financial Highlights
Share Highlights
Subsidiary and Affiliated Companies
Corporate Information
Corporate Social Responsibility
Statement of Board of Commissioners and Directors
President Commissioner’s Report
President Director’s Report
Management Discussion and Analysis
Good Corporate Governance
Statement from Board of Directors
Report from Independent Auditor
Audited Consolidated Financial Report
Sekilas tentang ERATEX
Sejarah Singkat Perseroan
Struktur Organisasi
Ikhtisar Keuangan
Ikhtisar Saham
Anak Perusahaan dan Afiliasi
Data Perseroan
Tanggung Jawab Sosial
Surat Pernyataan Dewan Komisaris dan Direksi
Laporan Presiden Komisaris
Laporan Presiden Direktur
Analisa dan Pembahasan Manajemen
Tata Kelola Perusahaan
Pernyataan Dewan Direksi
Laporan Auditor Independen
Laporan Keuangan Konsolidasi Yang Telah Diaudit
002
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005
006
011
014
015
016
018
019
023
032
040
060
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015
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019
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032
040
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064
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Laporan Tahunan 2012 • Annual Report 2012 • PT. ERATEX DJAJA Tbk
002
T Eratex Djaja Tbk (“Perseroan”) didirikan dalam rangka Undang-Undang Penanaman Modal Asing No.1 tahun 1967 berdasarkan akta notaris No. 7 tanggal 12 Oktober 1972 yang dibuat oleh Koerniatini Karim, Notaris di Jakarta.
Kantor Terdaftar Perseroan di Jakarta, beralamat di Gedung Graha Arda, Jl. HR Rasuna Said Kav B6 Setiabudi, Jakarta Selatan – 12910. Dan Kantor Administrasi yang terletak di Surabaya, beralamat di Jl. Raya Bukit Darmo No. 6 Surabaya – 60189. Sedangkan lokasi pabrik berada di kota Probolinggo, beralamat di Jl. Soekarno Hatta No. 23 Probolinggo.
Perseroan mencatatkan sebagian dari sahamnya di bursa efek di Indonesia pada tanggal 21 Agustus 1990, dengan surat persetujuan Menteri Keuangan Republik Indonesia No. SI-125/SHM/MK.10/1990 tanggal 14 Juli 1990. Dan sejak tahun 2000, seluruh saham telah dicatatkan di Bursa Efek Jakarta dan Bursa Efek Surabaya (sekarang Bursa Efek Indonesia).
P
Perseroan
beroperasi
secara
komersial
pada tahun
1974
T Eratex Djaja Tbk (the “Company”) was established in the framework of Foreign Capital Investment Law No.1, 1967 by Notary Deed No.7 dated October 12, 1972 based on Deed prepared by Koerniatini Karim, Public Notary in Jakarta.
Company’s Registered Office is in Jakarta, located at Gedung Graha Arda, Jl. HR Rasuna Said Kav B6 Setiabudi, Jakarta – 12910. The Administration Office is in Surabaya, located at Jl. Raya Bukit Darmo No. 6 Surabaya – 60189. And the Factory is located in Probolinggo, Jl. Soekarno Hatta No. 23 Probolinggo.
The Company registered its shares on the Stock Exchange of Indonesia on August 21, 1990, in accordance with approval of the Minister of Finance of the Republic of Indonesia No. SI-125/SHM/MK.10/1990 dated July 14, 1990. And since 2000, all shares have been registered on the Jakarta Stock Exchange and the Surabaya Stock Exchange (known as Indonesia Stock Exchange at present).
P
Laporan Tahunan 2012 • Annual Report 2012 • PT. ERATEX DJAJA Tbk
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The Company
commenced
its
commercial
operation in
1974
Inti produk Perusahaan
adalah Celana.
Mulai dari celana jeans
standard lima saku
sampai pada celana
kain kasual.
The core product of the
company has been casual
bottom wear. The Company's
products ranges from five
pocket basic jeans
to casual dress pants.
Perseroan bergerak dalam bidang industri tekstil yang terpadu meliputi bidang-bidang pemintalan, penenunan, penyelesaian, pembuatan pakaian jadi serta menjual produknya baik domestik maupun internasional.
Pada tahun 2008, Perseroan memutuskan untuk menghentikan produksi Tekstil yaitu benang dan kain. Dan sejak saat itu Perseroan memfokuskan produksinya pada pakaian jadi, dengan orientasi perjualan ekspor secara total.
Inti produk Perusahaan adalah Celana. Mulai dari celana jeans standard lima saku sampai pada celana kain kasual, dengan bahan bervariasi mulai dari denim sampai pada kain twill halus Italia. Sekitar 50% kapasitas produksi celana menghasilkan produk celana denim, sementara itu kebutuhan embroidery dan printing dapat dengan mudah didukung oleh kontraktor setempat.
The activities of the Company are as an integrated textile manufacturing, including spinning, weaving, finishing, garment making, and selling its products both in local and international market.
In 2008, the Company decided to stop the production of Textile which are yarns and fabrics. And from that point forward has been focusing its production to garment with total export market orientation.
The core product of the Company has been Casual Bottom wear. The Company’s products ranges from five basic pocket jeans to casual dress pants, with material varies from denim to Italian high count twill. Approximately 50% of the pants capacity is producting denim product, while requirement for embroidery and printing are conveniently supported by nearby contractors.
ERATEX in brief
sekilas
tentang
(4)
Laporan T
ahunan 2012 • Annual Report 2012
•
PT
. ERA
TEX DJAJA Tbk
004
founded
with spinning
& weaving
1972
garment:
started with 120
sewing machines
1980
IPO
1990
PT Asiatex Garmindo:
140,000 BU
1998
spinning: 50,400 spindles
weaving: 216 looms (300 rpm) •
garment: >2000 sewing machines •
•
2006
PT Asiatex Garmindo:
cease operation
2007
spinning and weaving cease operation
garment: >2000 sewing machines •
•
2008
quazi reorganization •
machineries revitalization •
induction of automation •
year of expansion •
2012
2011
• debt restructuring
• new growth strategy
• turn around plan
company milestone
sejarah
singkat
Laporan T
ahunan 2012 • Annual Report 2012
•
PT
. ERA
TEX DJAJA Tbk
005
Audit Internal Internal Audit Komite Audit Audit Committee
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Dewan Komisaris Board of Commissioners
Dewan Direksi Board of Directors
Administrasi Perusahaan Corporate Administration Administrasi Perusahaan Corporate Administration Supply Chain Management
Keuangan & Akuntansi Finance & Accounting
Produksi Production Bisnis Business Administrasi Pabrik Factory Admin Administrasi Umum General Administration SDM HR IT IT Pembelian Purchasing Ekspor Export Impor Import Pergudangan Warehouse Keuangan Finance Akuntansi Accounting Akuntansi Pembiayaan Costing Perpajakan Taxation Operasional Produksi Production Operation Perencanaan Produksi Production Plan
QA & QC
QA & QC
Sample & Design
Marketing Marketing Merchandising Merchandising Administrasi Umum General Administration Personalia Personnel Kepatuhan Compliance Sekertaris Perusahaan Corporate Secretary Fungsi Komersial Commercial Function
Hukum & Sek.Perusahaan
Legal & Corp. Sec
Dukungan Teknik & Utilitas
Technical & Utilities Support
Operasional Operations
organization
structure
organisasi
struktur
(5)
(Rp. Juta, kecuali disebut lain) (In Million Rupiah unless other wise stated)
Pre Quasi restated
Pendapatan 467,537 257,517 233,110 248,200 439,977 Revenues
Laba Kotor 23,472 31,678 (13,243) 14,684 (1,999) Gross Income (Loss)
Laba Usaha (7,394) (1,985) (47,546) (32,985) (59,815) Operating Income (Loss)
Depresiasi dan Depreciation And
Amortisasi 5,639 3,133 3,216 2,830 6,023 Amortization
Beban Keuangan 9,008 13,301 16,110 19,625 19,282 Financing Cost
EBITDA 18,453 100,842 (30,027) (1,008) (84,596) EBITDA
Laba (Rugi) Bersih 6,196 82,049 (48,501) (25,372) (110,336) Net Income (Loss)
Jumlah saham Beredar Number of Shares
(Dalam Ribuan) 146,312 118,268 98,236 98,236 98,236 (In Thousands)
Laba Bersih Per Saham 42 694 (494) (258) (1,123) Earning Per Share
Jumlah Aset Lancar 181,737 129,428 71,537 48,332 88,886 Current Assets
Jumlah Aset Tidak Lancar 251,678 73,785 43,791 49,444 80,370 Non Current Assets
Total Aset 433,415 203,213 115,329 97,776 169,256 Total Assets
Jumlah Liabilitas Lancar 174,841 129,502 169,940 114,847 240,559 Current Liabilities
Jumlah Liabilitas Non Current
Tidak Lancar 171,648 140,103 151,815 141,265 63,336 Liabilities
Total Liabilitas 346,489 269,605 321,755 256,112 303,895 Total Liabilities
Total Ekuitas 86,926 -66,392 (206,427) (158,336) (134,638) Total Equity
Rasio Lancar 1.04 1.00 0.42 0.42 0.37 Current Ratio
Total Liabilitas / Total Liabilities
Total Asset 0.80 1.33 2.79 2.62 1.80 To Assets
Total Liabilitas / Total Liabilities
Total Ekuitas 3.99 -4.06 -1.56 -1.62 -2.26 To Total Equity
Marjin Laba Kotor (%) 5% 12% -6% 6% 0% Gross Profit Margin (%)
Marjin Laba Usaha (%) -2% -1% -20% -13% -14% Operating Profit Margin (%)
Marjin Laba Bersih (%) 1% 32% -21% -10% -25% Net Profit Margin (%)
Laba Bersih Terhadap Return On
Ekuitas (%) 7% -124% -23% -16% -82% Equity (%)
Laba Bersih Terhadap Return On
Total asset (%) 1% 40% -42% -26% -65% Assets (%)
URAIAN 2012 2011 2010 2009 2008 DESCRIPTION
...
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LAPORAN
STATEMENT OF
LABA RUGI
INCOME
LAPORAN
BALANCE SHEET
POSISI KEUANGAN
RASIO
FINANCIAL
KEUANGAN
RATIO
...
...
(USD Ribuan, kecuali disebut lain) (In Thousands US Dollar unless other wise stated)
restated
Pendapatan 49,638 29,353 25,927 26,404 40,181 Revenues
Laba Kotor 2,492 3,611 (1,473) 1,562 (183) Gross Income (Loss)
Laba Usaha (785) (226) (5,288) (3,509) (5,463) Operating Income (Loss)
Depresiasi dan Depreciation And
Amortisasi 599 357 358 301 550 Amortization
Beban Keuangan 956 1,516 1,792 2,088 1,761 Financing Cost
EBITDA 1,959 11,495 (3,340) (107) (7,726) EBITDA
Laba (Rugi) Bersih 657 9,352 (5,394) (2,699) (10,076) Net Income (Loss)
Jumlah saham Beredar Number of Shares
(Dalam Ribuan) 146,312 118,268 98,236 98,236 98,236 (In Thousands)
Laba Bersih Per Saham 0.0045 0.0791 (0.0549) (0.0275) (0.1026) Earning Per Share
Jumlah Aset Lancar 18,793 14,273 7,957 5,142 8,117 Current Assets
Jumlah Aset Tidak Lancar 26,027 8,137 4,871 5,260 7,340 Non Current Assets
Total Aset 44,820 22,410 12,827 10,402 15,457 Total Assets
Jumlah Liabilitas Lancar 18,081 14,281 18,901 12,218 21,969 Current Liabilities
Jumlah Liabilitas Non Current
Tidak Lancar 17,751 15,450 16,885 15,028 5,784 Liabilities
Total Liabilitas 35,832 29,731 35,786 27,246 27,753 Total Liabilities
Total Ekuitas 8,988 (7,322) (22,959) (16,844) (12,296) Total Equity
Rasio Lancar 1.04 1.00 0.42 0.42 0.37 Current Ratio
Total Liabilitas / Total Liabilities
Total Asset 0.80 1.33 2.79 2.62 1.80 To Assets
Total Liabilitas / Total Liabilities
Total Ekuitas 3.99 (4.06) (1.56) (1.62) (2.26) To Total Equity
Marjin Laba Kotor (%) 5% 12% -6% 6% 0% Gross Profit Margin (%)
Marjin Laba Usaha (%) -2% -1% -20% -13% -14% Operating Profit Margin (%)
Marjin Laba Bersih (%) 1% 32% -21% -10% -25% Net Profit Margin (%)
Laba Bersih Terhadap Return On
Ekuitas (%) 7% -124% -23% -16% -82% Equity (%)
Laba Bersih Terhadap Return On
Total asset (%) 1% 40% -42% -26% -65% Assets (%)
Nilai Tukar 9,670 9.068 8.991 9.400 10.950 Exchange Rate
URAIAN 2012 2011 2010 2009 2008 DESCRIPTION
...
...
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...
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.. .
Pre Quasi
LAPORAN
STATEMENT OF
LABA RUGI
INCOME
LAPORAN
BALANCE SHEET
POSISI KEUANGAN
RASIO
FINANCIAL
KEUANGAN
RATIO
...
...
financial highlights 2012
ikhtisar
keuangan 2012
Laporan Tahunan 2012 • Annual Report 2012 • PT. ERATEX DJAJA Tbk
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Laporan Tahunan 2012 • Annual Report 2012 • PT. ERATEX DJAJA Tbk
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Laporan Tahunan 2012 • Annual Report 2012 • PT. ERATEX DJAJA Tbk009
Exchange Rate 2011 & 2012
Jan 9,057 9,000 Feb 8,823 9,085 Mar 8,709 9,180 Apr 8,574 9,190 May 8,537 9,565 Jun 8,597 9,480 Jul 8,508 9,485 Aug 8,578 9,560 Sep 8,823 9,588 Oct 8,835 9,615 Nov 9,170 9,605 Dec 9,068 9,670
2011 2012
Rasio Profitabilitas
Profitability Ratio
-10% 08 09 10 11 12
08 0% 09 6% 10 -6% 11 12%
Gross Income Ratio
12 5%
-5% 0% 5% 10% 15%
0 %
6 %
-6 %
12 %
5%
Pendapatan
Revenue
08 439,977 09 248,200 10 233,110 11 257,517
Revenue
12 467,537
08 09 10 11 12 50,000
0
In million Rupiah
100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000
439.977
248.200
233.110
257.517
467.537
Pendapatan per Negara 2012
Revenue per Region 2012
USA 89% Europe 5% Local 5% Other countries 1%
Percentage
Total 100%
5
%
Local5
%
Europe89
%
USA1
%
Other CountriesRasio Likuiditas
Liquidity Ratios
0.00 08 09 10 11 12
Times
0.60 1.20
Current Ratio Quick Ratio
0.20 0.40 0.80 0.10
0.37
0.12 0.42
0.05 0.42
0.11 1.00
0.35 1.04
0.38
08 0.37 0.12 09 0.42 0.05 10 0.42 0.11 11 1.00 0.35
Current Ratio Quick Ratio
(7)
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Kronologi Pencatatan Saham
Share Registration History
Penawaran Umum Perdana 21 Agustus 1990.
Pencatatan saham tambahan sebanyak 6.139.750 saham
P e n c a t a t a n s a h a m t a m b a h a n d a r i p e n g e l u a r a n S a h a m B o n u s d e n g a n mengkapitalisasi agio saham, dimana setiap 1 saham berhak atas 1 saham bonus.
Pemecahan Saham Nilai Nominal Rp 1000,- menjadi Rp
500,-Pencatatan seluruh saham Perseroan
P e n c a t a t a n s a h a m t a m b a h a n d a r i Penambahan Modal Tanpa Hak Memesan Efek Terlebih Dahulu melalui Konversi Hutang menjadi Saham sebanyak 48.076.474 saham.
1990 1991 1994 1997 2000 2011 6,139,750 12,279,500 24,559,000 49,118,000 98,236,000 146,312,474
Initial Public Offering August 21st, 1990. Additional listing of 6,139,750 shares
Additional shares listing from Bonus Share issuance from agio capitalization, where 1 share entitle for 1 bonus share.
Stock Split Par Value Rp 1000,- to Rp
500,-Listing of all Company’s shares.
Additional shares listing from Non Pre-emptive Rights Issue through Debt to Equity Conversion amounting 48,076,474
Tindakan Tahun
Year
Total Saham Tercatat
Total Listed Shares Action
Perseroan tidak mencatatkan sahamnya pada bursa lain selain Bursa Efek Indonesia.
Company does not register the shares other than in Indonesia Stock Exchange.
Pengendali / Controlling PT. Buana Indah Garments Masyarakat / Public >= 5 % Masyarakat / Public < 5%
Saham Ditempatkan Disetor / Issued and Paid Up Capital
Modal Dasar/ Authorized Capital
Komposisi Pemegang Saham
Shareholder Composition
36.30% 49.25% 14.45% 100% 53,115,100 72,051,474 21,145,900 146,312,474 392,944,000 Persentase Percentage Saham Shareshare highlights
ikhtisar
saham
Laporan Tahunan 2012 • Annual Report 2012 • PT. ERATEX DJAJA Tbk
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Struktur Aset, Liabilitas & Modal
Assets, Liabilities & Equity Structure
(200,000)
08 09 10 11 12
In million Rupiah
08 169,256 240,559 53,210 (134,638) 09 97,776 114,847 131,070 (158,336) 10 115,328 169,940 141,059 (206,427) 11 203,213 129,502 129,210 (66,392)
Total
Assets Liabilities Loans Equity
Current Long Term
12 433,415 174,841 159,970 86,926 (300,000)
(100,000) 100,000 0 200,000 300,000 400,000 500,000
Total Assets Current Liabilities Long Term Loans Equity
Struktur Aset
Assets Structure
50,000
08 09 10 11 12
current assets
fixed assets
other assets
total assets
In million Rupiah
08 88,886 68,015 12,355 169,256 09 48,332 41,354 8,089 97,776 10 71,537 38,651 5,139 115,328 11 129,428 71,371 2,414 203,213
Current Fixed Other Total
Assets Assets Assets Assets
12 181,737 246,972 4,706 433,415
100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000
Modal Kerja & Pinjaman Jangka Panjang
Working Capital & Long Term Loans
(200,000)
08 09 10 11 12
In million Rupiah
08 (151,672) 53,210 88,886 240,559 09 (66,514) 131,070 48,332 114,847 10 (98,402) 141,059 71,537 169,940 11 (74) 129,210 129,428 129,502
Working Long Term Current Current
Capital Loans Assets Liabilities
12 6,896 159,970 181,737 174,841
Working Capital Long Term Loans
(150,000) (100,000) 0 200,000 150,000 100,000 (50,000) 50,000
(8)
Dari total saham yang beredar, 0,44% dalam bentuk warkat dan 99,56 % nonwarkat/elektronik.
Pada tanggal 31 Desember 2012, Direktur yang memiliki saham Perseroan adalah Bapak Frankie Ma Ngon sejumlah 2000 lembar saham atau setara dengan 0,0014% dari jumlah saham yang ditempatkan dan disetor dalam Perseroan.
From the total share issued, 0.44% is script and 99.56% scriptless.
As on December 31st, 2012, Mr Frankie Ma Ngon, Director of the Company, owns 2000 shares equivalent to 0.0014% of Company's issued and paid up capital.
Laporan Tahunan 2012 • Annual Report 2012 • PT. ERATEX DJAJA Tbk
012
14.45
%
Masyarakat /
Public < 5%
49.25
%
Masyarakat / Public >= 5%
36.30
%
Pengendali / Controlling
Laporan Tahunan 2012 • Annual Report 2012 • PT. ERATEX DJAJA Tbk
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Pergerakan Harga Saham 2011 – 2012
Share Price Movement
Rp 500 Rp 400 Rp 300 Rp 200 Rp 100 Rp
Feb
Jan
2011
Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2012
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Rp 700
Rp 600
Ringkasan kinerja saham Perseroan per kuartal pada 2012 dan 2011 adalah sebagai berikut :
Summary quarterly Company’s share performance in 2012 and 2011 are as per below:
Periode
Period
Tertinggi (Rp)
Highest (Rp)
Terendah (Rp)
Lowest (Rp)
Penutupan (Rp)
Closing (Rp)
Volume (Saham / Share)
Nilai Rp (ribuan)
Value Rp (thousand)
2012 2011 2012 2011 2012 2011 2012 2011 2012 2011
Q1 660 125 130 60 660 95 3,717,000 402,500 2,079,135.0 38,965.5 Q2 1000 125 360 100 400 125 5,986,000 559,500 4,326,640.0 56,990.0 Q3 440 295 270 125 440 200 365,500 332,300 120,207.5 71,038.5 Q4 450 250 255 120 325 200 75,500 53,000 26,637.5 9,588.0
Kinerja saham 2012
Share performance in 2012
2012
Tertinggi (Rp)Highest (Rp) Terendah (Rp)Lowest (Rp) Penutupan (Rp)Closing (Rp) (Saham / Volume Share) Value RpNilai RpJan 350 130 350 297,000 92,910,000 Feb 450 310 340 219,000 98,450,000 Mar 660 340 660 3,201,000 1,887,775,000 Apr 1000 600 650 5,122,000 3,900,010,000 May 710 400 450 528,500 296,687,500 Jun 450 360 400 335,500 129,942,500 Jul 400 385 385 30,000 11,617,500 Aug 440 285 350 140,500 48,445,000 Sep 440 270 440 195,000 60,145,000 Oct 435 285 360 34,000 13,240,000 Nov 450 370 440 8,000 3,340,000 Dec 350 255 325 33,500 10,057,500
(9)
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anak
perusahaan
dan afiliasi
subsidiary and
affiliated
companies
data
perseroan
corporate
information
Nama Perusahaan /
Company Name
Kepemilikan /
Ownership
Tanggal Pendirian /
Date of Establishment
Dasar Hukum Pendirian /
Legal Basis
Bidang Usaha /
Product Lines
Pencatatan di Bursa /
Stock Exchange Registration
Kode Saham /
Ticker Code
Kantor Terdaftar /
Registered Office
Kantor Administrasi /
Administrative Office
Pabrik /
Factory
• PT. Eratex Djaja Tbk.
• Penanaman Modal Asing / Foreign Direct Investment
• 12 Oktober 1972
Akta Pendirian dan Perubahannya Deed of Establishment and amendment
• Akta Pendirian no 7 tanggal 12 Oktober 1972
Deed of Establishment no 7 dated October 12, 1972
Notary Koerniatini Karim SH
• Akta Perubahan no 105 tanggal 23 April 2012
Deed of Amendment no. 105 dated April 23, 2012
Notary Aryanti Artisari, SH., MKn.
• Industri Tekstil Terpadu / Integrated Textile Industry
• 21 Agustus 1990
• ERTX
• Gedung Graha Arda Lt 2 Unit 2A-2 Jl. H.R. Rasuna Said Kav B6 Setiabudi Jakarta Selatan – 12910, Indonesia http://www.eratex.co.id
• Jalan Raya Bukit Darmo No. 6 Surabaya 60189, Indonesia
• Jalan Soekarno Hatta No. 23 Probolinggo 67212, Indonesia
Akuntan Publik /
Public Accountant
Biro Administrasi Efek /
Share Registrar
Jumlah Karyawan /
No of Employess
Anak Perusahaan /
Subsidiary Companies
• Paul Hadiwinata, Hidajat, Arsono, Ade Fatma & Rekan Registered Public Accountants
Jalan Ngagel Jaya No. 9 Surabaya 60283, Indonesia www.pkfhadiwinata.com
• PT. Sharestar Indonesia Citra Graha Building 7th Floor
Jalan Jenderal Gatot Subroto, Kav 35-36 Jakarta 12950, Indonesia
www.sharestar.co.id
• 2629 karyawan / employees
• PT. Asiatex Garmindo
(dalam likuidasi / under liquidation)
Jalan Soekarno Hatta No. 23 Probolinggo 67212, Indonesia 95,15% dimiliki oleh Perusahaan /
95,15% owned by the Company
• PT. Eratex (Hongkong) Limited Blk E, 11/F Effort Industrial Bldg, 2-8 Kung Yip Street
Kwai Hing Kwai Chung, NT Hongkong
100% dimiliki oleh Perusahaan /
100% owned by Company
• PT. Eratex Garment
Jalan Soekarno Hatta No. 23 Probolinggo 67212, Indonesia 99% dimiliki oleh Perusahaan /
99% owned by Company
Masyarakat >=5% Public >= 5%
49.25
%
PT Buana Indah
Garments
36.30
%
PT ERATEX DJAJA Tbk.
Santanamani
1
%PT. Freshtex Garment Finishing Indonesia
4.85
%PT. Eratex (Hong Kong) Ltd
100
%
PT. Eratex Garment
99
%
PT. Asiatex Garmindo
(under liquidation)
95.15
%
Masyarakat <5% Public < 5%
(10)
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Pengolahan limbah cair
Waste Water Treatment
Company fully understand that nature, environment and the polulation around are part of Company’s stakeholder. And therefore, in every chances of its business and production activities, Company always prioritizing awareness and responsible actions toward the well being and the preservation of all that stakeholders.
Consumption of energy and other natural resource done responsibly and optimum, the use of eco friendly materials, waste management base on the standard quality requirement, all of those are part of Company’s responsibility that has become an integral part of company’s activities.
Fund allocated for activities related to this corporate social responsibility in the year 2012 is around Rp 400 million.
Employee and people welfare is also protected by ensuring a good working environment, enough nutrition, and sport facilities.
Company continues its join cooperation with the local Labour Department, in providing a structured training and education for the un-employed to give them enough skill to find job. Other incidental social activities along with the local community as a reflection of Company’s awareness to them, such as religious celebrations, religious mass circumsission, blood donor, maintenance on local town garden, etc.
Sewing training class
Workshop pelatihan menjahit
First Aid training from Red Cross
Pelatihan P2 (Pertolongan Pertama) dengan trainer dari palang merah
Perseroan menyadari penuh alam, lingkungan dan masyarakat sekitar adalah bagian dari ‘stakeholder’ perusahaan. Dan karenanya dalam segala kesempatan dan aktifitas usaha dan produksinya, Perseroan selalu mengedepankan kesadaran dan tindakan yang berorientasi pada terjaganya kebaikan, kesejahteraan dan kelangsungan seluruh stakeholder tersebut.
Pemakaian energi dan sumber daya lainnya secara tepat guna dan bertanggung jawab, penggunaan bahan dan material dengan orientasi ramah lingkungan, pengolahan limbah sesuai standard mutu yang ditetapkan, semuanya menjadi bagian dari tanggung jawab Perseroan yang telah menjadi bagian yang tidak pernah terpisahkan dalam seluruh kegiatan perusahaan.
Alokasi dana untuk kegiatan terkait tanggung jawab sosial selama tahun 2012 adalah sekitar Rp 400 juta.
Kesejahteraan bagi karyawan dan masyarakat sekitar, antara lain dengan memastikan kondisi kerja dan kecukupan gizi, fasilitas olahraga.
Kerjasama dengan Departemen Tenaga Kerja setempat terus berlanjut dari tahun sebelumnya, yaitu dalam bentuk pelatihan gratis kepada pencari kerja untuk memberikan bekal ketrampilan yang diperlukan.
Aktifitas-aktifitas sosial lainnya yang bersifat insidentil bersama komunitas sekitar sebagai bentuk kepedulian perusahaan kepada lingkungan sekitar, seperti misalnya dalam perayaan keagamaan, khitan masal, pemeliharaan taman kota, donor darah, dan lain-lainnya.
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tanggung jawab
sosial
corporate social
responsibility
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surat pernyataan
dewan komisaris
dan dewan direksi
statement from board of
commissioners and directors
Kami yang bertandatangan dibawah ini, dalam kapasitas sebagai anggota Dewan Komisaris dan Dewan Direksi dari PT. Eratex Djaja Tbk bertanggung jawab penuh atas penerbitan Laporan Tahunan perusahaan untuk tahun 2012.
Demikian pernyataan ini dibuat dengan sebenarnya.
Tanggal, 28 Maret 2013
We, the undersigned in our capacity as the member of Board of Commissioners and Board of Directors of PT. Eratex Djaja Tbk fully responsible on the printed Annual Report of the Company for the year 2012.
This statement letter is made truthfully.
Date, 28 March 2013
Dewan Komisaris:
The Board of Commissioners:
Dewan Direksi:
The Board of Directors:
Maniwanen
Presiden Komisaris
President Commissioner
Sasivanen
Komisaris
Commissioner
Frans P Iskandar
Komisaris Independen
Independent Commissioner
John S Oentoro
Komisaris Independen
Independent Commissioner
Raj Kumar
Presiden Direktur
President Director
Sanjay Kumar Goyal
Direktur
Director
Frankie Ma Ngon
Direktur
Director
Antony Thoppil Paul
Direktur Non Afiliasi
Director Non Affiliated
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laporan presiden
komisaris
president commissioner's report
Para Pemegang Saham Yang Terhormat,
Tahun 2012 merupakan tahun pertumbuhan dimana Perseroan meningkatkan kapasitas produksi pakain jadi secara signifikan, memasang mesin-mesin berteknologi mutakhir dan memulai pembaruan dan pengembangan kegiatan fasilitas Pencucian (Laundry). Selama phase pertumbuhan ini Perseroan menghadapi berbagai tantangan dalam kegiatannya dalam beradaptasi dengan teknologi baru. Tantangan ini menaikkan kurva belajar (learning curve) dari operator-operator baru maupun para tehnisi yang lebih lama dari perkiraan semula. Akibatnya profitabilitas Perseroan secara sementara terpengaruh. Perseroan berhasil mengatasi kondisi sulit ini pada akhir tahun.
Perseroan memperbaiki Laporan Keuangan 2012 melalui Kuasi Reorganisasi sesuai Standard Akuntansi Indonesia (PSAK) 51, menghilangkan akumulasi kerugian masa lalu dan memulai likuidasi atas anak perusahaan yang tidak berkontribusi positif PT Asiatex Garmindo.
Utilisasi pabrik selama 2012 tercatat penuh dikarenakan order penjualan yang terisi penuh dengan dukungan cukupnya fasilitas perdagangan dari bank untuk memenuhi kebutuhan operasional dan kebutuhan modal untuk proyek pengembangan.
Kesempatan bisnis di negara-negara baru juga dieksplorasi dalam tahun 2012 dan order penjualan dari pembeli-pembeli baru dari Jepang dan Amerika juga telah dimulai.
Laporan Direksi menjelaskan secara terperinci kinerja tahun 2012 dimana dari segi pertumbuhan jauh lebih baik dari pada 2011 dengan adanya berbagai inisiatif manajemen yang telah direncanakan untuk 2012.
Untuk 2013 fokusnya adalah peningkatan produktifias, profitabilitas, pengembangan/pembaruan fasilias pencucian/laundry, perbaikan kurikulum pelatihan tenaga kerja, pengembangan bisnis dengan pelanggan kelas atas dan mengadopsi metode penekanan biaya produksi melalui otomatisasi diberbagai area operasional.
Dear Shareholders,
The year 2012 was a year of growth where the Company added significant garment production capacity, installed the new technology automation machines and started upgrading & expanding its Laundry operations. During this phase of growth Company also faced various challenges in adapting the new technologies in its operations. These challenges increased the learning curve of new operators / technicians much longer than the expected time.. As a result the profitability of the year got temporarily affected. The Company managed to overcome all these teething issues by the end of the year.
The Company improved its Financial Reports in 2012 by Quasi reorganization as per Indonesian Accounting standard (PSAK)-51 , eliminated all previous years accumulated book losses and started the liquidation of its non-performing subsidiary PT Asiatex Garmindo
The plant utilization was full throughout the year 2012 due to completely filled sales order book which was well supported by adequate trade lines from the bank to meet the operational and expansion project related capital requirements.
The business in new countries was explored in 2012 and sales orders started from new buyers from Japan and USA.
The Director’s report explains in detail the performance of the year 2012 which in terms of growth was much better than 2011 due to various initiatives of the management in line with its plan for 2012.
In 2013 the focus will be to improve the productivity, profitability, expand/ upgrade the laundry operations, improve the manpower training curriculum, expand the business with high end customers and adapting methods to reduce the cost of production by bringing automation in possible areas of operations.
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dewan komisaris
board of commissioners
Dewan Komisaris telah memeriksa dan menerima Laporan Direksi dan Laporan Keuangan Konsolidasi per 31 Desember 2012 yang telah diaudit oleh Paul Hadiwinata, Hidajat, Arsono, Ade Fatma & Rekan, Surabaya (PKF), dan telah menyetujuinya
Ketua Komite Audit secara rutin memberi update Dewan Komisaris atas penelaahan Komite tersebut atas temuan internal audit, rencana kerja external auditor, kepatuhan terhadap peraturan dan pengendalian internal. Hal-hal yang diungkapkan telah ditangani dan diselesaikan secara memuaskan. Dewan Komisaris memberikan penghargaan kepada Komite Audit untuk kinerja mereka.
Para pemegang saham, dalam Rapat Umum Luar Biasa tanggal 23 April 2012 telah menyetujui perubahan susunan Dewan Komisaris. Bapak Julian Wong dan Bapak Ferenz Cendrawasih mengundurkan diri sebagai Komisaris dan Komisaris Independen, dan digantikan oleh Bapak Sasivanen dan Bapak Frans Iskandar sebagai Komisaris dan Komisaris Independent. Selain itu Bapak John Susanto Oentoro diangkat sebagai Komisaris baru dalam Perseroan.
Sebagai perusahaan publik, kami akan terus meningkatkan kinerja baik pertumbuhan maupun profitabilitas ditahun 2013 sambil terus menjunjung tinggi standard kepatuhan perusahaan sehingga kami dapat menghasilkan nilai-nilai positif bagi seluruh stake holder di tahun depan. Kami akan terus memprioritaskan kepedulian lingkungan, prosedur keselamatan kerja, dan mempertahankan standard kualitas yang tinggi disegala aspek kegiatan.
Atas nama Dewan Komisaris, saya menyampaikan terima kasih kepada Direksi untuk kerja keras mereka yang konsisten selama tahun 2012 yang telah menaikkan tingkat operasional Perseroan dan semoga semangat yang sama akan terus ada di 2013.
The Board of Commissioners have examined and accepted the Report of Board of Directors and the Consolidated statements of Financial Positions as of 31st December 2012 audited by Paul Hadiwinata, Hidajat, Arsono, Ade Fatma & Rekan, Surabaya (PKF) and are in agreement with the same.
The Chairman of the Audit Committee regularly updated the Board of Commissioners on their reviews about internal audit findings, external audit work plans, statutory compliances and internal controls. All the issues raised have been addressed and resolved satisfactorily. The Board wishes to place on record its appreciation to the Audit Committee for their work.
The Shareholders in their Extraordinary General Meeting held on April 23, 2012 has approved the changes in the Board of Commissioners. Mr. Julian Wong and Mr Ferenz Cendrawasih resigned as Commissioner and Independent Commissioner respectively and , replaced by Mr Sasivanen and Mr Frans Iskandar as Commissioner and Independent Commissioner respectively. Besides Mr John Susanto Oentoro also appointed as New Commissioner..
As a public company, we shall endeavor to continuously improve our performance in terms of growth and profitability in the year 2013 while maintaining a high standard of corporate governance so that we can deliver positive values to our stakeholders in the coming years. We shall continue to prioritize environment care, worker’s safety procedures and maintaining high quality standards in all aspects of our operations.
On behalf of the Board of Commissioners, I would like to thank the Board of Directors for their consistent and dedicated hard work throughout 2012 which upgraded the level of the operations of the Company and wish that the same spirit will continue in 2013.
Hormat Kami /
Maniwanen
Presiden Komisaris / President Commissioner Sincerely,
M. Maniwanen
Presiden Komisaris / President Commissioner
Berkewarganegaraan Indonesia, Bapak Maniwanen adalah salah satu pengusaha paling sukses dengan pengalaman lebih dari 30 tahun di industri tekstil dan pakaian jadi. Beliau adalah pendiri dari Group Busana Apparel yang merupakan salah satu dari group tekstil dan pakaian jadi terbesar di Indonesia dengan profil pelanggan ternama dalam bisnis tersebut termasuk Liz Claiborne, Macys’, Nike, Adidas, Esprit, Tommy Hilfiger, Polo, dll. Bapak Maniwanen juga pendiri dari PT. Apac Inti Corporation, salah satu pabrik tekstil di Indonesia yang berfokus pada pembuatan kain kelas dunia. Beliau diangkat menjadi Presiden Komisaris PT Eratex Djaja Tbk. sejak bulan Oktober 2011.
An Indonesian citizen, Mr. Maniwanen is one of the most successful entrepreneurs with vast experience for more than 30 years in textile and apparel industry. He was the founder of Busana Group which currently is one of the biggest textile and garment manufacturing in Indonesia. The customer profile includes the best names in the business, to name a few – Liz Claiborne, Macys’, Nike, Adidas, Esprit, Tommy Hilfiger, Polo, etc. Mr. Maniwanen is also the founder of PT. Apac Inti Corporation, one of the largest textile mills in Indonesia which focuses on making world class fabrics. He was appointed as President Commissioner of PT Eratex Djaja Tbk. in October 2011
Sasivanen
Komisaris / Commissioner
Bapak Sasivanen memulai karirnya sebagai Merchandiser di Liz Claiborne, USA. Bekerja di perusahaan besar memotivasinya untuk memiliki naluri bisnis yang kuat, berorientasi pada tujuan dan pembicara yang baik. Pengalamannya dalam bekerja di industri garmen membuatnya mengerti bagaimana memimpin, melatih dan memotivasi tim. Saat ini ia bekerja sebagai Executive Director di Busana Apparel Group selama lebih dari enam tahun. Bapak Sasivanen mendapat Bachelor of Business Administration, Jurusan Manajemen dari Central Queensland University Australia. Beliau diangkat sebagai Komisaris PT Eratex Djaja Tbk. pada bulan April 2012.
Mr. Sasivanen started his career as a Merchandiser in Liz Claiborne, USA. The experience of working for a big company motivated him to have strong business development sense, goal-oriented and a good communicator. His significant experience for working in garment industry made him understands how to lead, coach and motivate the team. Currently he is working as an Executive Director at Busana Apparel Group for over six years. Mr. Sasivanen got Bachelor of Business Administration, Major in Management from Central Queensland University, Australia. He was appointed as Commissioner of PT Eratex Djaja Tbk. in April 2012.
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John Susanto Oentoro
Komisaris Independen / Independent Commissioner
Bapak John Oentoro dilahirkan di Malang pada tahun 1956. Beliau menyelesaikan studi dalam bidang Administrasi Bisnis di Universitas San Fransisco pada tahun 1985. Bapak John Oentoro memiliki pengalaman di bidang industri tekstil dan garmen selama lebih dari 30 tahun dimulai dengan kiprahnya dalam bisnis keluarga dibidang industri garmen yaitu PT. Graha Busana Nusantara tahun 1978 – 1984. Beliau juga pernah menjabat sebagai Presiden Direktur P.T Paramita Inti Widya, sebuah perusahaan garmen dibawah Grup Gunung Sewu.
Bapak John Oentoro telah lulus dalam Ujian Standard Profesi Pasar Modal sebagai Broker-dealer, Underwriter dan manajemen investasi, dan saat ini memegang lisensi dari Bapepam-LK sebagai Underwriter.
Beliau bergabung dengan beberapa perusahaan sekuritas sebagai Direktur dibidang ekuitas dan debt market, dan terakhir sebagai Investment and Corporate Finance Adviser di Sekuritas UOB Kay Hian.
Mr. John Oentoro was born in Malang in the year 1956. He finished his bachelor degree of Business Administration in University of San Francisco on 1985. He has experience in textile and garment industry for more than 30 year as he assisted his family business in garment industry, PT. Graha Busana Nusantara in 1978-1984. He used to be President Director in PT. Paramita Inti Widya, a garment company under Gunung Sewu Group.
Mr. John Oentoro has passed Capital Market Professional Standard Examination as Broker-dealer, Underwriter and Investment Management. Besides that he owns Underwriting License from Bapepam-LK.
He joined several Securities companies as Director responsible in equity and debt market latest with UOB Kay Hian securites as Investment and Corporate Finance Adviser.
Frans Iskandar
Komisaris Independen / Independent Commissioner
Bapak Frans Iskandar lulus dan mendapat gelar Akuntan dari Universitas Negeri Padjadjaran di Bandung di tahun 1967. Ia kemudian bekerja di Kantor Akuntan Negara di Bandung dari tahun 1967-1973 dengan jabatan terakhir Kepala Bagian Pengawasan Bank Pemerintah.
Selanjutnya ia menjabat sebagai Management Auditor dari International Planned Parenthood Federation – East & South East Asia and Oceania Region (IPPF-ESEAOR), organisasi afiliasi dari Perserikatan Bangsa Bangsa (PBB) selama empat tahun. Ia kemudian menjabat Finance Manager dari PT Supreme Indo American Industries, cabang dari Corning Glass Works, USA, di Surabaya.
Dia juga menjabat Ketua Asosiasi Akuntan Publik Jawa Timur selama delapan tahun, dan sekarang adalah Bendahara dari Indonesia Australia Business Council (IABC) Cabang Jawa Timur.
Demikian pula ia adalah Pembantu Rektor untuk bidang Admnistrasi, Keuangan dan Logistik pada Universitas Katolik Dharma Cendika Surabaya, sampai Pemerintah mengeluarkan larangan perangkapan jabatan struktural untuk Akuntan Publik.
Mr. Frans Iskandar earned his Master Degree in Accounting from Padjadjaran State University in Bandung, Indonesia in 1967. He then worked at the Government Auditors Office in Bandung, West Java from 1967 – 1973, with the latest position as Head of the State Banks Audit Division.
He was then Management Auditor of the International Planned Parenthood Federation - East & South East Asia and Oceania Region IPPF (ESEAOR), a UN affiliate organization for four years. He then worked as Finance Manager of the Supreme Indo American Industries in Surabaya, a subsidiary of Corning Glass Works, USA, in Surabaya.
He also held the position of Chairman of the East Java Indonesian Institute of Public Accountants for eight years, and is currently the Treasurer of the Indonesia Australia Business Council (IABC) East Java Branch.
Likewise, he held the position of Deputy President for Finance, Accounting and Logistics at the Dharma Cendika Catholic University in Surabaya until the Government prohibits concurrent structural functions for Registered Public Accountants.
laporan direksi 2012
director’s report 2012
Para Pemegang Saham Yang Terhormat
Dengan senang hati Direksi menyampaikan Laporan Tahunan sekaligus Laporan Keuangan Teraudit untuk tahun buku yang berakhir pada 31 Desember 2012.
Dear Shareholders,
Your Directors have pleasure in presenting the Annual Report together with Audited Accounts for the Financial year ended December 31st, 2012.
Hasil keuangan tahun 2012 menunjukkan pertumbuhan yang sangat tinggi dibanding dengan 2011 yang disebabkan peningkatan kapasitas produksi dan utilisasi pabrik yang lebih baik.
Penjualan di 2012 sebesar Rp 467 milyar yang berarti 81.5% lebih tinggi dari 2011 dan 14.1% lebih tinggi dari proyeksi management untuk 2012. Peningkatan disemester pertama 2012 terutama berasal dari perbaikan produktifitas line produksi yang ada sedangkan peningkatan penjualan disemester kedua berasal juga dari penambahan line produksi baru. Sebagian besar dari peningkatan penjualan ini diserap oleh pelanggan yang sudah ada. Tingginya penjualan di 2012 sebagian juga disumbangkan oleh pelemahan nilai tukar Rupiah terhadap US Dollar yang secara rata-rata tahunan untuk 2012 sebesar Rp 9419 dari Rp 8773 di tahun 2011.
Laba kotor 2012 berkurang menjadi 5,02% dibandingkan 12,3% di 2011. Sedangkan proyeksi management untuk 2012 sebesar 10,53%. Penyebab utama atas penurunan ini adalah adanya biaya extra pada awal peningkatan kapasitas berupa penurunan efisiensi sehingga terjadi peningkatan biaya tenaga kerja dengan hasil yang rendah. Selain itu kapasitas yang baru ini ditawarkan kepada pelanggan dengan harga promosi dengan margin yang sangat rendah diawal. Biaya tenaga kerja menjadi sangat tinggi atas garment yang dihasilkan line produksi baru ini. Lambatnya output dari line baru juga menunda penyelesaian order lainnya sehingga dibutuhkan lembur untuk mengejarnya dan ini menyebabkan peningkatan biaya produksi, dibeberapa kasus bahkan lebih tinggi dari harga jual. Output produksi telah meningkat di akhir 2012.
Beberapa pengiriman tertunda melewati batas waktu yang disepakati dan Perseroan harus menanggung biaya klaim pengiriman melalui udara karena keterlambatan ini.
Laba bersih Perseroan sebesar 1,33% di 2012 dibandingkan proyeksi management sebesar 2,9% untuk 2012. Rendahnya produktifitas tenaga kerja dari line baru menekan margin namun penurunan ini bisa sampai batas tertentu berhasil diimbangi dengan pengendalian overhead yang lebih baik di 2012 dimana meningkatnya volume penjualan membantu menurunkan biaya administrasi dari 7,89% di 2011 menjadi 4,17% di 2012.
Perseroan melakukan restrukturisasi hutang dikuartal terakhir 2012 dimana salah satu kreditur Perseroan menyetujui untuk merestrukturisasi pinjaman sebesar US$ 3.00 juta kepada Perseroan sebagai berikut:
a) US$ 2,25 juta dihapuskan dan tampak sebagai pemasukan di laporan keuangan.
b) US$ 0,75 juta dikonversikan menjadi saham setelah mendapatkan persetujuan pemegang saham dalam rapat umum pemegang saham yang segera akan dilaksanakan.
Perseroan memperbaiki kondisi laporan keuangannya melalui pelaksanaan Kuasi Reorganisasi sesuai peraturan PSAK-51 dan menilai kembali asset-aset dan kewajiban-kewajibannya per 31 Desember 2011 dan menghapuskan akumulasi kerugian dalam pembukuan masa lampau yang muncul dalam neraca Perseroan. Pengajuan Kuasi telah diterima dengan baik oleh institusi-institusi terkait. Dan sejalan dengan Kuasi Reorganisasi, Perseroan juga telah melepas anak usaha yang tidak berkinerja baik dengan melikuidasi PT Asiatex Garmindo. Proses likuidasi ini sedang berjalan.
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The financial results in 2012 showed high growth as compared to 2011 due to expansion of the production capacity and better plant utilisation.
The sales in 2012 were Rupiah 467 Billion which was an increase of 81.5% from 2011 and an increase of 14.1% from the management projections for 2012. The increase in first half of 2012 was mainly due to improved productivity of the existing production lines whereas the increase in sales in second half was also due to addition of new production lines. A significant portion of the increased sales volume was absorbed by the existing customers. The high sales in 2012 was also to some extent contributed by weaker Rupiah exchange rate against the American dollar which on a yearly average increased to Rp 9419 in 2012 from Rp 8773 in 2011.
The Gross margins reduced in 2012 to 5.02% as compared to 12.3% in 2011. The margins as per management projections for 2012 were 10.53 %. The main reason of this reduction was start up costs for new capacity in the form of inefficiency, wage cost and lower output. Also, the new capacity was offered to Buyers at promotional price, which kept margins very low in the beginning. The labour cost became very high for garments produced on these new lines productivity. The low output from new lines delayed timely execution of various orders to be produced and Company had to run on overtime to catch up with the delays which in turn increased the cost of manufacturing, in some cases higher than the selling price. The output has improved by end of 2012.
Several shipments were delayed beyond committed delivery dates and Company paid air freight claims for missing the delivery deadlines.
The net profit of the Company was 1.33% in 2012 v/s management projections of 2.9% for 2012. The lower than projected labour productivity from new lines reduced the margins and to some extent the reduction was off set by better control on overheads in 2012 where the increased sales volumes helped in reducing the administration overheads from 7.89% in 2011 to 4.17% in 2012. The Company did debt restructuring in last quarter of 2012 where one of the creditor of the Company agreed to restructure its loan of US$ 3.00 million to Company as below:
a) US $ 2.25 million waived off which is reflected as gain in financial statements
b) US$ 0.75 million to be converted into shares subject to shareholders approval in the forthcoming general meeting of shareholders
The Company improved its financial reports by doing a successful Quasi Reorganization as per regulations of PSAK-51 and re-valued its assets and liabilities as on 31st December 2011 and eliminated the accumulated book losses of the earlier year’s appearing in the balance sheet of the Company. The Quasi proposal has been well accepted by all concerned regulatory institutions.
And along with Quasi Restructuring, Company has also released its non-performing subsidiary by liquidating PT Asiatex Garmindo. Liquidation processes is being done.
The temporary working capital funding provided by the bank was regularised during 2012 and facility increased with additional trade lines to meet the funding requirements of increased operations. An additional long term facility from bank was also provided during 2012 to fund the expansion projects of the Company.
The Company has also received the approval from Ministry of Finance to use American dollar as reporting currency in 2013 for accounting books and statements as the major functional currency of the Company is American dollar.
Bisnis tumbuh pesat selama satu tahun setelah mendapatkan pendanaan yang dibutuhkan, dukungan pemasaran dan teknis dari pemegang saham baru. Pertumbuhan ini berorientasi pada pelanggan dan permintaan dari bisnis baru dengan pelanggan USA dan Jepang, disamping peningkatan volume penjualan dari semua pelanggan lama di 2012 ini dibanding tahun lalu.
Produksi 2012 mencapai 9.477.759 Basic Unit (BU) (celana: 9.438.558 BU dan kemeja: 54.794 BU) dan di 2011 sebesar 6.685.653 BU (celana 6.218.714 BU dan kemeja: 466.939 BU). Perseroan secara strategis sengaja mengurangi volume produksi kemeja sehingga dapat lebih memusatkan konsentrasi pada produk celana untuk meningkatkan efisiensi operasional.
Perseroan secara konsisten berinvestasi dalam penerapan teknologi baru disemua bagian. Area-area yang penting juga diidentifikasi dan dengan pertimbangan biaya dilakukan pembelian mesin-mesin untuk otomatisasi.
Di tahun 2012 Perseroan mendapatkan dukungan keuangan dari Pemerintah melalui Program Revitalisasi Permesinan untuk Industri Tekstil dan Produk Tekstil (TPT) sebesar Rp 1,198 milyar dari Departemen Perindustrian.
Untuk menangkap peluang bisnis produk kelas atas, Perseroan juga memulai proyek di 2012 untuk memperbaharui fasilitas Pencucian (Laundry) dengan mesin berteknologi terkini, yang tidak hanya akan membantu memperoleh margin yang lebih baik namun juga menekan biaya operasional Pencucian (Laundry) ditahun mendatang.
Perseroan juga memperkuat level supervisi dengan merekrut secara strategis tehnisi-tehnisi garment yang bagus dari berbagai negara. Team supervisor ini diterjunkan untuk melatih tenaga kerja yang ada dan mencapai peningkatan kapasitas produksi yang selanjutnya.
Evaluasi Bisnis /
Business Review
The business has grown significantly in one year after getting required financial, technical and marketing support from the new shareholders. The growth is customer and demand oriented as apart from starting business with new USA and Japanese customers beside the sales order volumes from all the old customers also increased in 2012 from previous year.
Production in 2012 reaching 9,477,759 Basic Unit (BU) (pants: 9,438,558 BU and shirts: 54,794 BU) and in 2011 was 6,685,653 BU (pants: 6,218,714 BU and shirts: 466,939 BU). The Company strategically reduced the volumes of shirts production so that it can focus more on pants to improve operational efficiencies.
The Company consistently invested in new technology in all sections. The critical areas were also identified and on the basis of cost benefit analysis suitable automation machines were purchased.
In 2012 Company has earned Government’s Financial Support under Machinery Revitalization Program for Textile and Textile Related Product Industry amounting Rp. 1.198 billion from Industrial department
In order to grab the business opportunities in high end product segment, the Company also started the project in 2012 to upgrade its Laundry operations with latest technology machines which will not only help in getting better margins but also reduce the cost of Laundry operations in the coming year.
The Company also strengthened its supervisory level by strategic hiring of good garment technicians from across the globe. The new supervisory team is geared up to train the existing manpower and achieve the next level growth in production capacity.
Fasilitas pendanaan modal kerja dari bank diformalkan di tahun 2012 ini dan fasilitas ini ditingkatkan dengan penambahan fasilitas perdagangan untuk memenuhi kebutuhan dana atas peningkatan operasional. Tambahan berupa pinjaman jangka panjang juga diberikan oleh bank di 2012 untuk pendanaan proyek perluasan Perseroan.
Perseroan juga telah mendapat persetujuan melalui keputusan Menteri Keuangan untuk menggunakan US Dollar sebagai mata uang pelaporan di 2013 untuk pembukuan dan pelaporannya sehubungan dengan mata uang utama fungsional Perseroan adalah US Dollar.
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PT Eratex Djaja, Tbk. Audit Committee, whose members include Frans Iskandar, Chairman, and Lea Buntaran and Hempy Ali as members, is established by and responsible to the board of Commissioners of the Company.
The task of the Audit Committee is to assist the Board of Commissioners in its oversight responsibilities relating to, among other duties;
1. Accounting and financial reporting principles and procedures for the Company. 2. The adequacy of the Company’s systems of internal control over financial reporting. 3. The quality and integrity of the Company’s financial statements.
4. The practice of good corporate governance in the Company.
In carrying the functions and role, the Audit Committee works in accordance with the rules set by Capital Market Supervisory Board (BAPEPAM) as stated in decree number KEP-29/PM/2004.
During the year of 2012, the Audit Committee has conducted several meetings. The Audit Committee reviewed and discussed the following items during these meetings:
a. The audit plans of the external and internal auditors the results of their examination and evaluation of the systems of internal controls and remedial action taken;
b. The financial statements and auditor’s report of the Company before their submission to the Board of Commissioners;
c. Compliance with the relevant laws and regulations and with the Company’s statement of business conduct; d. The independence and objectivity of the external auditors;
e. Relevant business issue in so far related to the management of business risk and internal controls especially due to increase in quantity of sales while the Company suffered slight decrease in revenue;
f. Special emphasis is given at the practice and application of the Good Corporate Governance and Corporate Social Responsibility including special attention to personnel in running the Company’s system and procedures in recording of transactions.
The Audit Committee has met its duties and responsibilities in accordance with the guideline required. Surabaya, February 22, 2013
Audit Committee of PT Eratex Djaja, Tbk.
Frans Iskandar Chairman
Lea Buntaran Member
Hempy Ali Member
Internal Audit /
Audit Internal
Kepala Unit Internal Audit Perseroan dijabat oleh Ibu Muntiarti Nugraha. Berikut ini adalah Profile Singkat Beliau:
Seorang warga Negara Indonesia yang lahir di Surabaya. Memperoleh gelar Sarjana Ekonomi dari Universitas Katholik Widya Mandala Surabaya pada tahun 1985. Beliau pernah bekerja di PT Eratex Djaja Ltd mulai tahun 1985 sampai dengan tahun 1992,dengan jabatan terakhir sebagai Asisten Accounting Manager. Sejak tahun 1992 Muntiarti berkonsentrasi pada bisnis keluarga dibidang transportasi yang memberikan banyak pengalaman dalam menangani proses dalam bisnis tersebut yang memberi bekal kuat untuk penguasaan sistem secara keseluruhan.
Bekerja kembali di PT Eratex Djaja Tbk sebagai Internal Audit mulai bulan Agustus 2012 sampai sekarang.
Dalam rangka penerapan tata kelola perusahaan yang baik, Perseroan menerapkan sistem pengendalian internal melalui unit Internal Audit yang melaksanakan fungsi pengawasan terhadap keseluruhan aktifitas unit kerja perusahaan atas pelaksanaan prosedur dan peraturan yang dimiliki dan ditetapkan dalam Perseroan.
Internal Audit memberikan masukan kepada manajeman atas kepatuhan pelaksanaan prosedur dan peraturan perusahaan yang bermuara pada ketepatan dan kehandalan sistem pelaporan.
Memberikan analisa atas resiko internal dan menyajikan alternatif penyelesaiannya.
Dalam menjalankan tugasnya, sikap independensi tetap diutamakan untuk memastikan transparansi dan menghindari benturan kepentingan yang dapat terjadi.
Internal Audit bertanggung jawab kepada Presiden Direktur, dan demi tercapainya pelaksanaan pengawasan dan perbaikan yang dibutuhkan, dapat berkomunikasi langsung dan bermitra dengan Komite Audit Perseroan.
Audit Internal Unit of the Company is lead by Mrs Muntiarti Nugraha. The following is her Brief Profile:
An Indonesian citizen who was born in Surabaya. She got Bachelor degree in Economic from Widya Mandala University Surabaya in 1985,and has been working in PT Eratex Djaja Ltd starting 1985 until 1992, with the last position as Assistant Accounting Manager. Since 1992 Muntiarti focusing in her family transportation business which has given her wide exposure on dealing with all the processes in that business and this has given her strong experience in the overall system. She decided to rejoined in PT Eratex Djaja Tbk as Audit Internal since August 2012 until now
.
In conjunction with the implementation of good corporate governance, the Company has applied an internal control system through Audit Internal that carry out monitoring function towards activities done in all the Company's work unist, on their compliance to the procedure and regulation that has been adopted and applied in the Company.
Audit Internal gives inputs to the management about this compliance which will also contribute to the accuracy and reliability of the reporting system. Also to give analysis on the internal risk which may exist, and provide the alternative solutions
In carrying out its function, Audit Internal upholding its independency to ensure transparency and avoid conflict of interest.
Audit Internal reports directly to the President Director. In carrying out its monitoring function, can directly communicate and partnering with the Audit Committee of the Company.
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Auditor Eksternal /
External Auditor
Auditor Eksternal berfungsi untuk melakukan audit atas Laporan Keuangan Tahunan guna memastikan laporan tersebut sesuai dengan Standar Akuntansi Keuangan yang ditetapkan oleh Ikatan Akuntan Indonesia dan peraturan Bapepam-LK serta Lembaga Keuangan di bidang akuntansi. Saat ini kantor akuntan publik yang melakukan audit atas laporan keuangan Perseroan tahun 2012 adalah KAP Paul Hadiwinata, Hidajat, Arsono, Ade Fatma & Rekan yang terdaftar di Bapepam-LK. Penunjukan kantor akuntan publik ini didasarkan pada persetujuan RUPS Tahunan April 2012.
KAP Paul Hadiwinata, Hidajat, Arsono, Ade Fatma & Rekan telah memenuhi ketentuan Peraturan Bapepam Nomor VIII.A.2 tentang Independensi Akuntan Yang Memberikan Jasa Audit di Pasar Modal, dan KAP Paul Hadiwinata, Hidajat, Arsono, Ade Fatma & Rekan tidak memberikan jasa konsultasi pajak atau jasa lain selain financial audit kepada Perseroan.
The External Auditor conducts audit to the Annual Financial Statement of the Company and ensures that the report is in accordance with the Standard Financial Accounting principles determined by the Indonesian Association of Accountants, Bapepam-LK Regulations and Financial Authorities in the accounting field. The public accounting currently used for 2012 financial statement audit is KAP Paul Hadiwinata, Hidajat, Arsono, Ade Fatma & Rekan that is registered in Bapepam-LK.
The appointment of this public accountant firm was based on the resolution of Annual GMS in April 2012.
KAP Paul Hadiwinata, Hidajat, Arsono, Ade Fatma & Rekan has fulfilled the requirement of Bapepam-LK Regulation No. VIII.A.2 on Independency of the Accountant Providing Audit Service in Capital Market, and KAP Paul Hadiwinata, Hidajat, Arsono, Ade Fatma & Rekan does not provide any consultation or any other services except financal audit to the Company.
Sekertaris Perseroan /
Corporate Secretary
Sekertaris Perseroan dijabat oleh Juliarti Pudji Kurniawati sejak tahun 2009. Berikut ini adalah Profil Singkat beliau:
Seorang warga negara Indonesia yang lahir di Pacitan. Beliau menduduki jabatan Sekertaris Perusahaan sejak September 2009. Memperoleh gelar Sarjana Teknik dari Sekolah Tinggi Teknik Surabaya pada tahun 1992. Memulai karirnya di bidang IT, dan pernah bekerja di beberapa perusahaan multinasional diantaranya PT. ECCO Indonesia dan PT. Tjiwi Kimia. Bergabung dengan PT Eratex Djaja Tbk sejak tahun 1995 sebagai IT Manager, beliau memiliki kemampuan multi-skill yang telah membawa kiprah beliau di berbagai bidang dalam Perseroan hingga diangkat sebagai Corporate Administration Manager pada tahun 2006 dan kemudian merangkap sebagai Sekertaris Perseroan sejak tahun 2009.
Sekertaris Perseroan (Corporate Secretary) merupakan pejabat penghubung (liaison officer) kepada Bapepam-LK, BEI, KSEI dan masyarakat, serta sebaliknya.
Tugas Sekertaris Perseroan antara lain: (a) Mengikuti perkembangan pasar modal, khususnya mengenai peraturan yang berlaku; (b) Memberikan pelayanan kepada investor atas setiap informasi yang dibutuhkan terkait dengan Perseroan; (c) Memberikan masukan kepada Direksi untuk mematuhi peraturan yang berlaku di pasar modal.
Selama tahun 2012, Sekertaris Perseroan telah melakukan berbagai kegiatan, antara lain:
• Mengkoordinasi penyelenggaraan RUPS Tahunan dan Paparan Publik Tahunan pada bulan April 2012 • Mengkoordinasi penyusunan Laporan Tahunan 2012
• Mengadakan pertemuan dengan wartawan pasar modal
• Menyampaikan keterbukaan informasi kepada publik dan bursa dan memberikan penjelasan dan informasi kepada pihak luar yang memerlukannya,
• Menyampaikan laporan berkala kepada Bursa dan Bapepam-LK sesuai dengan peraturan yang berlaku, termasuk hasil pelaksanaan RUPS dan Paparan Publik Tahunan
• Mengikuti seminar, workshop dan pertemuan yang diadakan oleh Bapepam-LK dan Bursa Efek Indonesia, Kustodian Sentral Efek Indonesia, Asosiasi Emiten Indonesia serta lembaga terkait lainnya.
The Corporate Secretary of the Company is Juliarti Pudji Kurniawati since the year of 2009. The following is her Brief Profile:
An Indonesian citizen who was born in Pacitan. She has been appointed as Corporate Secretary since September 2009. She got her Bachelor degree in Engineering from Sekolah Tinggi Teknik Surabaya in 1992. Starting her career in IT field, she has been working in some companies such as PT. Ecco Indonesia and PT. Tjiwi Kimia. She joined PT Eratex Djaja Tbk since 1995 as IT Manager, she is a person with multi-skills that has brought her to various areas in the Company and entrusted to take role as Corporate Administration Manager in 2006 and Corporate Secretary Role was added to her since 2009.
The Corporate Secretary is the liaison officer of the Company to Bapepam-LK, Indonesian Stock Exchange (BEI), Indonesian Central Securities Depository (KSEI) and public and vice- versa.
The tasks of the Corporate Secretary among others are: (a) Adhere to the capital markets development, especially concerning the applicable regulations that apply to capital markets; (b) to serve to the public by providing information about the Company that is needed by investors; (c) to provide advice to the Board of Directors to comply with the capital market regulations.
In 2012, the Corporate Secretary has carried out various duties, among others: • Coordinate Annual GMS and Public Expose in April 2012
• Coordinate the development of Annual Report 2012 • To hold meetings with capital market journalists
• Prepare and deliver the disclosure of information to public and stock exchange and provide explanation and further information to any parties that might need it.
• Prepare and submit periodical reports to Bapepam-LK and Stock Exchange as per the regulation, including the result of the GMS and Annual Public Expose.
• Attend several seminars, workshops and meetings with Bapepam-LK, BEI, KSEI, Indonesian Issuer Association (AEI) and other related institutions
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Di tahun 2012, Perseroan melakukan transaksi material yang dikecualikan sesuai dengan peraturan Bapepam-LK No. IX.E.2 butir 3.a.3 yaitu formalisasi atas pinjaman uang dalam bentuk Fasilitas Perbankan Korporasi dari The Hong Kong and Shanghai Banking Corporation Limited pada bulan Agustus 2012 yang selama ini telah diberikan secara sementara kepada Perseroan - melalui penandatanganan Perjanjian Pemberian Fasilitas Perbankan Korporasi sebesar US$ 10.000.000 (sepuluh juta dolar Amerika) yang akan ditinjau setiap tahunnya.
Juga Perjanjian Pemberian Pinjaman Dengan Cicilan tetap sebesar US$ 3.000.000 (tiga juta dolar Amerika) untuk jangka waktu 5 tahun.
Keduanya dengan jaminan aset Perseroan berupa tanah dan bangunan dan fidusia atas mesin, persediaan dan piutang.
Untuk penjaminan aset Perseroan ini, Direksi Perseroan telah mendapatkan persetujuan dalam RUPSLB yang telah diadakan pada tanggal 9 Nopember 2011 dengan Berita Acara yang dituangkan dalam akta no. 2 tanggal 9 Nopember 2011 yang dibuat oleh Notaris Novita Puspitarini, SH, Notaris di Jakarta Selatan.
Memenuhi ketentuan dalam peraturan Bapepam IX.E.2 butir 3.b. serta Keputusan Direksi PT Bursa Efek Indonesia No. Kep-306/BEJ/07-2004, Perseroan telah melakukan keterbukaan informasi sesuai dengan peraturan Bapepam-LK No IX.K.1 melalui media IDXnet pada tanggal 15 Agustus 2012 dengan nomor referensi 253/ES/VIII/2012.
In 2012, Company executed material transaction (with exception) under the Bapepam-LK Regulation No IX.E.2 point 3.a.3, that is formalization upon Company's financial loan in the form of Corporate Banking Facility from The Hong Kong and Shanghai Banking Corporation Limited in August 2012 which has been granted before – through a signing of Corporate Banking Facility Agreement amounting at US$ 10,000,000 (ten millions US Dollar). This facility will be reviewed on yearly basis.
Also a Fix Installment Loan amounting at US$ 3,000,000 (three millions US Dollar) for a period of 5 years
Both of them is secured by Company's asset in the form of Hypothecation on the Land and Building, and Fiduciary on the machineries, inventory and receivable.
For the above pledging of Company's asset, the Board of Directors has obtained approval from the Shareholders in an Extraordinary General Meeting of Shareholders held on November 9th, 2011which minutes has been notarized in Deed No. 2 dated November 9th, 2011 by Novita Puspitarini, SH, Notary in South Jakarta.
Complying with Bapepam-LK Regulation No. IX.E.2 point no. 3.b. and Decision of the Board of Directors of PT Bursa Efek Indonesia No. Kep-306/BEJ/07-2004, Company has disclosed this transaction according to Bapepam-LK Regulation No. IX.K.1 through IDXnet on August 15th, 2012 with reference no. 253/ES/VIII/2012.
Transaksi Material dan Transaksi Benturan Kepentingan /
Material Transaction and Transaction with Conflict Of Interest
Selama tahun 2012 Perseroan melakukan beberapa transaksi penting sebagai berikut:
1. Kuasi Reorganisasi dengan menggunakan dasar Laporan Keuangan Konsolidasi dan Anak Perusahaan per 31 Desember 2011 sebagai posisi laporan Kuasi Reorganisasinya. Pelaksanaan Kuasi Reorganisasi tersebut sepenuhnya mengikuti ketentuan yang berlaku dibidang akuntansi yaitu PSAK No. 51 (revisi 2003) mengenai Kuasi Reorganisasi, dan juga ketentuan dari Bapepam dan LK dalam Peraturannya No. IX.L.1 Lampiran Keputusan Ketua Bapepam dan LK No. KEP-16/PM/2004
Aksi Korporasi / Corporate Actions
Untuk pelaksanaan Kuasi Reorganisasi tersebut Perseroan telah menunjuk:
• Kantor Akuntan Publik PKF Paul Hadiwinata, Hidajat, Arsono, Ade Fatma dan Rekan untuk mereview Proforma Laporan Keuangan per tanggal 31 Desember 2011 sebelum dan sesudah Kuasi Reorganisasi dan review atas kesesuaian penerapan prosedur dan ketentuan, termasuk penyesuaian-penyesuaian akuntansi yang ada terkait dengan penilaian kembali asset dan liabilitas Perseroan beserta proses pengeliminasian saldo laba negatif menurut Standar Akuntansi Keuangan di Indonesia, yaitu PSAK No. 51 (Revisi 2003) mengenai "Akuntansi Kuasi Reorganisasi".
• KJPP Iskandar Asmawi dan Rekan untuk melakukan proses penilaian kembali seluruh aset dan liabilitas Perseroan sebesar nilai wajarnya untuk laporan keuangan Perseroan dan Anak Perusahaan per tanggal 31 Desember 2011
Direksi telah mendapatkan persetujuan untuk pelaksanaan Kuasi Reorganisasi ini dari Pemegang Saham dalam Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) yang diselenggarakan pada tanggal 23 April 2012 dan berita acaranya telah dituangkan dalam Akta Notaris No. 104 tanggal 23 April 2012 yang dibuat oleh Notaris Aryanti Artisari, SH, Mkn. Notaris kota administrasi Jakarta Selatan.
Melalui pelaksanaan Kuasi Reorganisasi ini, Perseroan telah menghapuskan saldo laba negatif sebesar Rp (171.914.266.396) (negatif seratus tujuh puluh satu milyar sembilan ratus empat belas juta dua ratus enam puluh enam ribu tiga ratus sembilan puluh enam Rupiah) menjadi Rp 0 (nol Rupiah), sehingga jumlah ekuitas Perseroan meningkat dari Rp (97.734.939.325) (negatif sembilan puluh tujuh milyar tujuh ratus tiga puluh empat juta sembilan ratus tiga puluh sembilan ribu tiga ratus dua puluh lima Rupiah) menjadi Rp 75.667.747.241 (tujuh puluh lima milyar enam ratus enam puluh tujuh juta tujuh ratus empat puluh tujuh ribu dua ratus empat puluh satu Rupiah).
In the year 2012, Company has undergone some important transactions:
1. Quasi Reorganization using Consolidated Financial Report and its subsidiaries as of December 31st, 2011 as the base for the Quasi Report. The execution of Quasi fully comply with accounting regulation PSAK No. 51 (revision 2003) regarding Quasi Reorganization, and also regulation from Bapepam and LK No. IX.L.1 attachment head of Bapepam and LK No. KEP-16/PM/2004 dated July 13th, 2004 about Steps on Quasi Reorganization Execution, as per followings:
• Assets and Liabilities Revaluation based on their fair value.
• Set-off between the Deficit Balance of the Company with the result of Assets and Liabilities Revaluation For this Quasi Reorganization Company has appointed:
• Registered Public Accountant PKF Paul Hadiwinata, Hidajat, Arsono, Ade Fatma dan Rekan to review Proforma of Financial Report as of December 31st, 2011 before and after Quasi Reorganization and review over the compliance on implementing the procedures and regulations, including the accounting adjustments applied related to the assets and liabilities revaluation and the deficit balance elimination process according to Indonesian Accounting Standard PSAK No. 51 (Revision 2003) regarding “Accounting of Quasi Reorganization”.
• KJPP Iskandar Asmawi dan Rekan, to execute the revaluation process of all the assets and liabilities of the Company based on their fair value for Financial Reports of the Company and its Subsidiaries as of December 31st, 2011.
Board of Directors has obtained approval for the execution of Quasi Reorganization from the Shareholders through an Extraordinary General Meeting of Shareholders which was held on April 23rd, 2012 and the minutes of the meeting has been Notarized by Aryanti Artisari, SH., MKn. a notary from South Jakarta, on her deed No. 104 dated April 23rd 2012.
With this Quasi Reorganization, Company has eliminate its deficit of Rp (171,914,266,396) (negative one hundred seventy one billions nine hundred fourteen millions two hundred sixty six thousands and three hundred ninety six Rupiah) and become Rp 0 (zero Rupiah), hence the Company's equity increased from Rp (97,734,939,325) (negative ninety seven billions seven hundred
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2. Perubahan atas Perjanjian Pinjaman Porsi B antara Perseroan dengan Gillespie International Limited (“GIL”), salah satu kreditur Perseroan pada tanggal 20 Nopember 2012.
Dalam Perjanjian tersebut, terhadap hutang Perseroan Porsi B kepada GIL sebesar US $ 3.000.000 (tiga juga Dollar Amerika), telah direstrukturisasi dan disepakati hal-hal sebagai berikut :
• Sejumlah US $ 750.000 (tujuh ratus lima puluh ribu Dollar Amerika) akan dikonversikan menjadi setoran saham dalam Perseroan dengan tunduk kepada Anggaran Dasar Perseroan dan Peraturan-peraturan terkait yang berlaku. Saham akan diterbitkan atas nama GIL selambatnya tanggal 31 Juli 2013.
• Sejumlah US $ 2.250.000 (dua juta dua ratus lima puluh ribu Dollar Amerika) dihapuskan per tanggal 20 Nopember 2012.
2. Addendum to Tranch B Loan between Company and Gillespie International Limited (“GIL”), one of Company's creditor on November 20th, 2012.
In that addendum, upon Tranch B Loan to GIL amounting at US$ 3,000,000 (three millions US Dollar), has been restructured and agreed the followings:
• Amounting at US$ 750,000 (seven hundred and fifty thousands US Dollar) to be converted into shares of the Company complying with Company's Article of Association and any other applied regulations. Shares will be issued in favor of GIL latest by July 31st, 2013.
• Amounting at US$ 2,250,000 (two millions two hundred fifty thousands US Dollar) to be wavied off effectively from November 20th, 2012.
3. Pada tanggal 27 Desember 2012, Perseroan sebagai pemegang saham mayoritas atas anak perusahaan yaitu PT Asiatex Garmindo, dalam Rapat Umum Pemegang Saham Luar Biasa PT Asiatex Garmindo telah menyetujui pelaksanaan likuidasi atas anak perusahaan tersebut. Akta Pernyataan Keputusan Rapat telah dibuat oleh Notaris Alexander Hidayat Siswandi, SH., notaris di kota Tangerang Selatan dengan nomor Akta 85 tanggal 14 Januari 2013.
Terkait likuidasi atas anak perusahaan ini Direksi telah mendapatkan persetujuan dari pemegang saham Perseroan pada Rapat Umum Pemegang Saham Luar Biasa tanggal 23 April 2012 yang berita acaranya dituangkan dalam Akta Notaris No 104 tanggal 23 April 2012 oleh notaris Aryanti Artisari, SH., MKn., notaris di kota administrasi Jakarta Selatan.
3. On December 27th, 2012, Company as the main shareholder of subsidiary PT Asiatex Garmindo, in the Extraordinary General Meeting of Shareholders of PT Asiatex Garmindo, has approved the decision to liquidate the subsidiary. The minutes of that meeting has been notarized by Alexander Hidayat Siswandi, SH., notary in South Tangerang through his deed no. 85 dated 14 January 2013.
For this liquidation, Board of Directors of the Company has obtained an approval from Company's shareholders in an Extraordinary General Meeting of Shareholders which was held on April 23rd, 2012, and the minutes of the meeting has been notarized by Aryanti Artisari, SH., MKn., notary in South Jakarta, in her deed no. 104 dated April 23rd, 2012.
Selama tahun 2012 Perseroan maupun anggota Direksi dan anggota Dewan Komisaris tidak menghadapi perkara hukum maupun kasus polisi yang secara signifikan mempengaruhi kondisi Perseroan.
In 2012, neither Company nor members of the Board of Directors or Board of Commissioners faced any legal action or police cases that had any significant effect to the Company.
Perkara Penting / Material Case
Seperti perusahaan pada umumnya, Perseroan juga menghadapi berbagai risiko usaha. Pengelolaan risiko tersebut selalu menjadi pertimbangan sebelum menetapkan berbagai kebijakan dan dalam operasi sehari-hari Perseroan:
• Sebagai industri padat karya dengan hampir 100% orientasi ekspor, kondisi kebijakan dalam negeri berkaitan dengan ketenagakerjaan dan pengupahan, nilai tukar rupiah, dan kondisi ekonomi dan politik negara tujuan ekspor; merupakan faktor resiko yang signifikan. Perseroan secara aktif melakukan monitoring dan meminta masukan dari pihak-pihak yang berkompeten serta kemudian melakukan langkah-langkah yang diperlukan.
• Sebagai perusahaan dengan sensitifitas yang tinggi terhadap kenaikan biaya secara umum, profitabilitas perusahaan juga akan terpengaruh oleh inflasi dan kenaikan biaya dasar lainnya seperti bahan bakar, daya listrik, dan tingginya biaya-biaya terkait dengan perijinan dan prosedur birokrasi yang harus dipenuhi. Perseroan secara proaktif melakukan antisipasi dan mengedepankan pencapaian efisiensi dan pembiayaan tepat guna.
• Sebagai salah satu vendor pemasok dalam jaringan 'supply chain' terintegrasi yang diterapkan oleh hampir semua perusahaan klien, ketepatan waktu pengiriman produk harus ditunjang dengan ketepatan waktu dan kelancaran logistik bahan baku.
Hambatan yang terjadi baik yang disebabkan oleh faktor internal perusahaan, pemasok bahan baku, maupun faktor eksternal yang berkaitan dengan politik, ekonomi, kebijakan, dan tata niaga perdagangan; juga merupakan faktor penting yang harus diperhatikan. Perseroan menerapkan sistem perencanaan yang akurat, didukung oleh staff dan tenaga ahli yang telah berpengalaman dalam industri garment; untuk menjawab tantangan tersebut diatas secara tehnis. Prinsip 'pro-active' dan 'antisipasi' diterapkan dalam seluruh lini perusahaan untuk meminimalkan dampak negatif yang mungkin timbul.
Peningkatan kualitas sumber daya manusia juga merupakan salah satu langkah penting untuk menciptakan kualitas kerja dan effisiensi yang menjadi tuntutan format usaha saat ini dan masa mendatang.
• Pengembangan dan perluasan target pemasaran juga dilakukan untuk menjamin cukupnya pesanan dan mengurangi resiko usaha. Perseroan aktif mengembangkan area pemasaran ke negara-negara tujuan yang baru dengan jumlah pelanggan yang juga terus ditingkatkan.
Similar to other companies in general, the Company also faces various business risks. Risk management is always a consideration before deciding on the various policies and in the daily operations of the Company.
• As a labour intensive industry with nearly 100% export orientation, domestic decision related to labour issues and wages, fluctuation Rupiah value, economic and political condition of destination country; are significants risk factors. Company actively monitoring and requesting inputs from competent parties and then taking necessary measures.
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Nama Alamat Kantor
Alamat Domisili/sesuai KTP atau kartu identitas lain
Nomor Telepon Jabatan
: Raj Kumar
: PT. Eratex Djaja Tbk.,
Raya Bukit Darmo no.6, Surabaya
: Apt The Peak Regis Tower Unit C/02/C/No.9, Setiabudi, Jakarta Selatan
: (62 21 ) 5229344 : Presiden Direktur
Nama Alamat Kantor
Alamat Domisili/sesuai KTP atau kartu identitas lain
Nomor Telepon Jabatan
: Sanjay Kumar Goyal : PT. Eratex Djaja Tbk.,
Raya Bukit Darmo no.6, Surabaya : Apt Sommerset South Tower Unit 2307
Permata Berlian V, Pemata Hijau, Jakarta Selatan : (62 21 ) 5229344
: Direktur
• As a company with high sensitivity to the rise of general expenses, Company's profitability will also affected by inflations and increase of basic expenses like fuel, electricity, cost on licenses and required bureaucratic procedures. Company proactively take necessary measure to anticipate this condition by upholding efficiency achievement and optimum expenditure.
• As one of the vendors in the integrated supply chain network implemented by majority of our clients, on time delivery of finish product is important and must be supported by on time delivery and the smooth running the logistic for raw material. Any hindrance which might caused by either Company's internal factor, raw material supplier, and other external factor related to politics, economic, rules and regulation on trade sector, will also an important aspect.
Company implements an accurate planning system, supported by personnel and expert specialist in garment industry; to face the above challenges technically. Proactiveness and anticipations is implemented in all aspect of process to minimalize any negative impact that might happen.
Improvement in human resources quality is also an important step taken to create high quality of work and efficiency which become a basic demand in current and future business environment.
• Improvement and expansion on the market target area is also done to ensure enough order and reduce business risk. Company actively widening its market target areas to various destination country with improvement of customer numbers.
Pada tanggal 30 Desember 2012, 31 Desember 2011 setelah dan sebelum kuasi
Surabaya, 26 Februari 2013
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Name Office address
Domicile address/according KTP or other ID card
Phone number Position
: Raj Kumar
: PT. Eratex Djaja Tbk.,
Raya Bukit Darmo no.6, Surabaya
: Apt The Peak Regis Tower Unit C/02/C/No.9, Setiabudi, Jakarta Selatan
: (62 21 ) 5229344 : President Director
Nama Alamat Kantor
Alamat Domisili/sesuai KTP atau kartu identitas lain
Nomor Telepon Jabatan
: Sanjay Kumar Goyal : PT. Eratex Djaja Tbk.,
Raya Bukit Darmo no.6, Surabaya : Apt Sommerset South Tower Unit 2307
Permata Berlian V, Pemata Hijau, Jakarta Selatan : (62 21 ) 5229344
: Director
December 31, 2012, December 31, 2011 post and pre quasi
Surabaya, 26 February, 2013