Upload
vokhuong
View
216
Download
0
Embed Size (px)
Citation preview
Corporate Vision & Core Values
Table of Contents
Embracing The Community
Corporate Highlight
Lautan Luas, an Overview
Awards
The Company’s Milestones
Financial Highlights
Summary of Significant Events 2010
The Corporate’s Structure
Management Structure
The Board of Commissioners’ Report
03
04
05
06
07
08
09
10
15
16
20
21
Visi & Nilai-nilai Dasar Perusahaan
Daftar Isi
Merangkul Komunitas Sekitar
Ikhtisar Perusahaan
Sekilas Lautan Luas
Penghargaan
Tonggak Pencapaian Perseroan
Ikhtisar Keuangan
Peristiwa-peristiwa Penting 2010
Struktur Perusahaan
Struktur Manajemen
Laporan Dewan Komisaris
Table of ContentsDaftar Isi
The Board of Commissioners
The Board of Directors’ Report
The Board of Directors
Corporate Governance
Risk Management
Corporate Social Responsibility
Management Discussion and Analysis
Internal Operation Perspective
Learning and Growth
Independent Auditor’s Report 2010
2010 Annual Report Certification
Group Information
23
26
30
33
37
40
46
50
53
54
58
59
Dewan Komisaris
Laporan Direksi
Direksi
Tata Kelola Perusahaan
Manajemen Risiko
Tanggung Jawab Sosial Perusahaan
Pembahasan dan Analisa Manajemen
Perspektif Operasional Internal
Pembelajaran dan Pertumbuhan
Laporan Auditor Independen 2010
Sertifikasi Laporan Tahunan 2010
Informasi Grup
04 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
Embracing The Community
Many things have come and gone over the past 60 years, but Lautan Luas has consistently grownfrom strength to strength. We have evolved from importing and distributing basic chemical products
in Indonesia to encompass distributing, manufacturing of basic & specialty chemicals as well assupport and services across the region. As a consequence of management’s commitment to the
principles of Good Corporate Governance and purposeful strategy, the Company remained stableand grew steadily during the global economic crises of 1998 and 2008.
Throughout our history, we have conscientiously engaged the communities where work and live,extending a helping hand where possible to meet human needs. In the following report, we highlightseveral of our 2010 Corporate Social Responsibility programs that made important contributionsto the neediest members of our communities and those disadvantaged by natural disasters. We
are grateful to be able to make a difference in people’s lives, in our communities and in the market.
Merangkul Komunitas Sekitar
Banyak hal datang dan pergi dalam 60 tahun terakhir ini, namun Lautan Luas secara konsistentelah tumbuh menjadi besar dan lebih kuat. Kami telah melebarkan sayap dari sekedar importirdan distributor produk kimia dasar di Indonesia hingga mencakup distribusi, manufaktur bahan
kimia dasar dan khusus, serta usaha pendukung dan jasa, di seluruh kawasan regional. Komitmenmanajemen yang tinggi terhadap prinsip-prinsip Tata Kelola Perusahaan yang Baik dan strategiyang terarah, telah memungkinkan Perseroan tetap stabil dan terus bertumbuh, bahkan selama
krisis ekonomi global 1998 maupun 2008.
Sepanjang sejarah usaha Perseroan, kami dengan tulus telah melibatkan diri dengan komunitastempat kami bekerja dan tinggal, mengulurkan tangan untuk membantu sebisa mungkin memenuhikebutuhan sesama. Dalam laporan berikut ini, kami menyoroti beberapa program Tanggung JawabSosial Perusahaan (CSR) pada 2010 yang memberikan kontribusi penting bagi anggota komunitaskita yang paling membutuhkan serta mereka yang menjadi korban bencana alam. Kami bersyukurtelah dapat melakukan perbaikan terhadap kehidupan masyarakat luas, baik di lingkungan sosial
maupun masyarakat yang kami masuki.
Embracing The Community l 2010 Annual Report l 05
PT LAUTAN LUAS Tbk
Corporate HighlightsIkhtisar Perusahaan
06 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
Company’s NamePT LAUTAN LUAS Tbk
Domiciled in Jakarta
AddressGraha Indramas
Jl. AIP II K.S. Tubun Raya No. 77Jakarta 11410, Indonesia
Telephone: +62 21 5367 7777Fax: +62 21 5367 1120
E-mail: [email protected]: www.lautan-luas.com
Establishment13 July 1951, establishment of Persekutuan Andil
Maskapai Dagang dan Industri “Lim Teck Lee”(Indonesia) known as “NV Lim Teck Lee Coy. Ltd.”
as importer and distributor of basic chemicals ,especially for the batik and food industry in Indonesia.
20 April 1965, changed its name into PT Lautan Luas7 April 1997, became a public company:
PT LAUTAN LUAS Tbk
Authorized CapitalRp 600,000,000,000
Issued and Fully Paid CapitalRp 195,000,000,000
Nominal PriceRp 250 per share
Share OwnershipPT Caturkarsa Megatunggal 63.03%
Management 3.64%Public 33.33%
Line of BusinessDistributor and Manufacturer of Basic and Specialty
Chemicals as well as Support and Service Business.
Nama PerseroanPT LAUTAN LUAS TbkBerkedudukan di Jakarta
AlamatGraha IndramasJl. AIP II K.S. Tubun Raya No. 77Jakarta 11410, IndonesiaTelepon: +62 21 5367 7777Fax: +62 21 5367 1120E-mail: [email protected]: www.lautan-luas.com
Pendirian13 Juli 1951, didirikan dengan nama Persekutuan AndilMaskapai Dagang dan Industri “Lim Teck Lee”(Indonesia) disebut juga “NV Lim Teck Lee Coy. Ltd.”sebagai importir dan distributor bahan kimia dasar,terutama untuk industri batik dan makanan di Indonesia.
20 April 1965, perubahan nama menjadi PT Lautan Luas7 April 1997, menjadi perusahaan publik:PT LAUTAN LUAS Tbk
Modal DasarRp 600.000.000.000,-
Modal Ditempatkan dan Disetor PenuhRp 195.000.000.000,-
Nilai NominalRp 250 per lembar saham
Kepemilikan SahamPT Caturkarsa Megatunggal 63,03%Manajemen 3,64%Masyarakat 33,33%
Bidang UsahaDistributor dan Manufaktur Bahan Kimia Khusus danDasar, serta Usaha Pendukung dan Jasa.
As a leading basic and specialty chemical company in Indonesia, PT LAUTAN LUAS Tbk (”the Company” or “LautanLuas”) has been serving its customers for almost sixty years by providing high quality products and services. TheCompany was established on 13 July 1951 as Persekutuan Andil Maskapai Dagang dan Industri “Lim Teck Lee”(Indonesia), aka NV Lim Teck Lee Coy. Ltd. It began as an importer and distributor of basic chemicals for the batikand food industries in Indonesia. In 1965, the Company changed its name to PT Lautan Luas.
Lautan Luas established Indonesia’s first privately owned sulfuric acid production plant in 1969, signaling its commitmentto quality manufacturing. Then in the 1970s, the Company seized on the opportunity offered by the country’s rapidindustrialization, and expanded its manufacturing and distribution capabilities with a focus on specialty chemicals.
The strategic shift to a broader product base stabilized profit margins and limited exposure to market volatilities,accelerating the Company’s growth. This, coupled with the dynamic development of Indonesia’s capital market,enabled Lautan Luas to strengthen its capital structure, vaulting the Company to a dominant domestic and regionalrole in the manufacturing and distribution of basic and specialty chemicals.
At present, Lautan Luas represents over 100 international principals, distributes more than 1,000 chemical products,and serves more than 2,000 industrial end-users throughout Indonesia and the Asia-Pacific region. To oversee itsvast distribution networks, Lautan Luas is headquartered in Jakarta, and operates five branches and six representativeoffices located in major cities throughout the Indonesian archipelago. A regional office in Singapore overlooks theCompany’s activities in China, Thailand and Vietnam.
Embracing The Community l 2010 Annual Report l 07
PT LAUTAN LUAS Tbk
Lautan Luas, an OverviewSekilas tentang Lautan Luas
Sebagai sebuah perusahaan kimia dasar dan khusus terkemuka di Indonesia, PT LAUTAN LUAS Tbk (“Perseroan”atau “Lautan Luas”) telah melayani para pelanggannya selama hampir enam puluh tahun dengan menyediakanproduk dan layanan berkualitas. Perseroan didirikan pada 13 Juli 1951 sebagai Persekutuan Andil Maskapai Dagangdan Industri “Lim Teck Lee” (Indonesia), atau NV Lim Teck Lee Coy. Ltd., dan mengawali usahanya sebagai importirdan distributor bahan kimia dasar untuk industri batik dan makanan di Indonesia. Pada 1965, Perseroan mengubahnamanya menjadi PT Lautan Luas.
Pada 1969, Lautan Luas mendirikan pabrik asam sulfat swasta pertama di Indonesia, menandai komitmen kami dibidang manufaktur. Kemudian, pada tahun 1970-an, Perseroan memperoleh peluang sejalan dengan perkembanganindustri yang pesat di Tanah Air, memperluas usaha manufaktur dan distribusinya dengan fokus pada bahan kimiakhusus.
Pergeseran strategis ke basis produk yang lebih luas ini menstabilkan marjin laba sekaligus mengurangi paparanterhadap volatilitas pasar, mendorong Perseroan tumbuh lebih pesat. Hal ini, ditambah dengan perkembangan pasarmodal Indonesia yang dinamis, memungkinkan Lautan Luas untuk memperkuat struktur permodalannya, sehinggaPerseroan dapat mengibarkan diri menjadi pemain dominan di usaha manufaktur dan distribusi bahan kimia dasardan khusus, baik di pasar domestik maupun regional.
Saat ini, Lautan Luas mewakili lebih dari 100 prinsipal internasional, mendistribusikan lebih dari 1.000 produk kimia,dan melayani lebih dari 2.000 pelanggan industri di seluruh Indonesia dan kawasan Asia-Pasifik. Untuk mengawasijejaring distribusinya yang luas, Lautan Luas yang berkantor pusat di Jakarta mengoperasikan lima kantor cabangdan enam kantor perwakilan yang tersebar di kota-kota besar di seluruh Nusantara. Kantor regional di Singapuramengawasi aktivitas Perseroan di Cina, Thailand dan Vietnam.
08 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
In manufacturing, Lautan Luas currently has a stake in seventeen production facilities in Indonesia, three in Chinaand a water treatment chemical manufacturing plant in Vietnam. The Lautan Luas support & service business iscomprised of four subsidiaries providing laboratory services, supply chain, information technology, and water treatmentsolutions.
To strengthen its integrated manufacturing, distribution, and support & service businesses, Lautan Luas forges strategicalliances with the world’s leading chemical manufacturers possessing uniquely valuable products, technologies, andcompetence in research and development. To preserve our solid and reliable business foundation, Companymanagement consistently applies the principles of good corporate governance. In planning for future growth,management makes continuous efforts to improve the professional competence of the Company’s employees throughrigorous human resource development programs.
In recognition of its achievements and the quality of the organization and results, the Company was ranked 2nd inthe Small Cap (below US$ 100 million) category by Finance Asia in its 2010 survey results.
Di bidang manufaktur, saat ini Lautan Luas memiliki saham di tujuh belas fasilitas produksi di Indonesia, tiga di Cina dansebuah pabrik bahan kimia untuk pengolahan air di Vietnam. Usaha pendukung dan jasa Lautan Luas terdiri dari empatanak perusahaan yang menawarkan jasa laboratorium, rantai pasok, teknologi informasi, dan solusi pengolahan air.
Untuk memperkuat usaha distribusi, manufaktur, dan pendukung & jasa yang terpadu, Lautan Luas menjalin aliansistrategis dengan berbagai perusahaan kimia terkemuka dunia pemilik produk dan teknologi yang bernilai tinggi danberkompetensi di bidang penelitian dan pengembangan (R&D). Guna menjaga fondasi usahanya yang solid danandal, manajemen Perseroan secara konsisten menerapkan prinsip-prinsip Tata Kelola Perusahaan yang Baik. Untukmeraih pertumbuhan ke depan, manajemen melakukan upaya berkelanjutan untuk meningkatkan kompetensiprofesional karyawan Perseroan melalui program-program pengembangan sumber daya manusia yangberkesinambungan.
Sebagai pengakuan atas prestasi serta kualitas organisasi dan pencapaian yang diraih, Perseroan menempatiperingkat ke-2 untuk kategori Perusahaan Small Cap (dengan kapitalisasi pasar di bawah US$100 juta) dalam hasilsurvei tahun 2010 Finance Asia.
Embracing The Community l 2010 Annual Report l 09
PT LAUTAN LUAS Tbk
The Company’s MilestonesTonggak Pencapaian Perseroan
Perseroan didirikan dengan nama NV Lim TeckLee Coy. Ltd.
Nama Perseroan diubah menjadi PT LautanLuas.
Membangun fasilitas manufaktur asam sulfatswasta pertama di Indonesia.
Mendirikan fasilitas manufaktur yang lebihbanyak dan jejaring distribusi yang lebih luas,berfokus pada bahan-bahan kimia khusus.
Penawaran saham perdana di Bursa EfekIndonesia, dan saat ini saham yang tercatat780.000.000 lembar.
Meningkatkan keberadaan di pasar regionaldengan mendirikan anak perusahaan diSingapura.
Memisahkan Divisi Logistik Perseroan menjadiLinc Group, sebuah anak perusahaan dan profitcenter tersendiri.
Meluncurkan layanan B2B melaluiwww.lautan-luas.com, situs Perseroan yangsaat ini telah mampu memberikan total solusie-commerce.
Mendirikan fasilitas manufaktur pertama dimancanegara, berlokasi di Cina, yang saat initelah berkembang menjadi tiga buah pabrik.
Membuka kantor regional di Bangkok, Thailand.
Membuka kantor regional di Shanghai, Cina.
Membangun fasilitas manufaktur di Ho Chi MinhCity, Vietnam.
Mendirikan Linc Group International Pte. Ltd.,sebuah anak perusahaan regional di bidanglogistik yang berbasis di Singapura.
Memulai operasi manufaktur di pabrik LautanLuas Vietnam. Mengembangkan program CSRke bidang perumahan, pengolahan air, danpemulihan bencana, seraya mendukung inisiatifkaryawan yang terlibat langsung ke berbagaikomunitas.
Perseroan terus mengkaji peluang investasi dipasar domestik dan regional.
1951
1965
1969
Late 1970sAkhir tahun 1970-an
1997
1999
2001
2002
2003
2005
2007
2008
2008
2010
Going ForwardLangkah selanjutnya
Established under the name of NV Lim TeckLee Coy. Ltd.
Changed the Company’s name to PT LautanLuas.
Established Indonesia’s first private sectorsulfuric acid manufacturing facility.
Established additional manufacturing facilitiesand a wider distribution network focusing on
specialty chemicals.
Initial public offering (IPO) on the IndonesiaStock Exchange, with current outstanding listed
shares of 780,000,000.
Strengthened regional market presence withthe establishment of Singapore subsidiary.
Restructured the Company’s Logistic Divisioninto Linc Group, becoming a subsidiary and an
independent profit center.
Launched the Company’s B2B services throughwww.lautan-luas.com, the award winning website
that currently provides totale-commerce solutions.
Established the Company’s first overseasmanufacturing facility in China, which currently
has been expanded to three plants.
Established regional office in Bangkok, Thailand.
Established regional office in Shanghai, China.
Established our manufacturing plant in Ho ChiMinh City, Vietnam.
Established Linc Group International Pte. Ltd.,a regional logistic subsidiary based in Singapore.
Initiated manufacturing operations at the LautanLuas Vietnam plant.
Expanded our CSR program into housing,water treatment, and disaster recovery,
while supporting employee initiatives in ourcommunities.
The Company continues to review investmentopportunities in domestic and regional market.
12 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
CONSOLIDATED INCOME STATEMENTS (Rp million)Revenues from Sales, Commissions &ServicesCost of Sales & ServicesGross ProfitOperating ExpensesIncome from OperationNet IncomeEarning per Share (Rp)
CONSOLIDATED BALANCE SHEETS (Rp million)Total AssetsCurrent AssetsInvestments in Shares of StockNon-Current AssetsTotal LiabilitiesCurrent LiabilitiesNon-Current LiabilitiesMinority Interest in Net Assets ofSubsidiariesStockholders’ Equity
BUSINESS RATIOReturn on Assets (%)Return on Equity (%)Gross Profit Margin (%)Operating Profit Margin (%)Net Profit Margin (%)Current Ratio (%)Total Liabilities / Total Assets (%)Total Liabilities / Equity (%)
CAPITAL STOCK (Rp million)Authorized CapitalIssued and Fully Paid Capital
LAPORAN LABA RUGI KONSOLIDASI (Rp juta)Pendapatan dari Penjualan, Komisi &
JasaBeban Pokok Penjualan & Jasa
Laba KotorBeban Usaha
Laba UsahaLaba Bersih
Laba Bersih per Saham (Rp)
NERACA KONSOLIDASI (Rp juta)Jumlah AsetAset Lancar
Penyertaan SahamAset Tidak LancarJumlah KewajibanKewajiban Lancar
Kewajiban Tidak LancarHak Minoritas atas Aset Bersih
Anak PerusahaanEkuitas
RASIO USAHAImbal-hasil atas Aset (%)
Imbal-hasil atas Ekuitas (%)Marjin Laba Kotor (%)
Marjin Laba Usaha (%)Marjin Laba Bersih (%)
Rasio Lancar (%)Jumlah Kewajiban / Jumlah Aset (%)
Jumlah Kewajiban / Ekuitas (%)
MODAL SAHAM (Rp juta)Modal Dasar
Modal Ditempatkan danDisetor Penuh
2009
3.746.865
3.180.406566.459429.467136.992
85.925110
3.081.1301.479.211
206.3601.395.5592.125.2801.319.201
806.079192.507
763.343
2,7911,2615,12
3,662,29112
68,98278,42
600.000195.000
2008
4.458.094
3.523.168934.926413.762521.164145.846
187
3.440.0102.112.208
189.4351.138.3672.485.7251.879.789
605.936154.895
799.390
4,2418,2420,9711,693,27112
72,26310,95
600.000195.000
2007
2.712.536
2.195.855516.681328.348188.333
71.67092
2.135.0841.130.674
201.576802.834
1.444.3431.363.316
81.02794.601
596.140
3,3612,0219,05
6,942,64
8367,65
242,28
600.000195.000
2006
2.413.259
2.051.762361.497273.479
88.01829.677
38
1.830.5161.054.775
133.545642.196
1.233.125950.826282.299
90.788
506.603
1,625,86
14,983,651,23111
67,36243,41
600.000195.000
2010
3.901.733
3.278.930622.803454.734168.069
86.982112
3.591.1391.833.358
254.7141.503.0672.570.6901.664.968
905.722202.499
817.950
2,4210,6315,96
4,312,23110
71,58314,28
600.000195.000
Financial HighlightsIkhtisar Keuangan
Net Income / Laba Bersih(in Billion Rp /
dalam miliar Rp)
06 07 08 09 10
150140130120110100
908070605040302010
0
Revenues / Pendapatan(in Billion Rp /
dalam miliar Rp)
06 07 08 09 10
5000
4500
4000
3500
3000
2500
2000
1500
1000
0
Total Assets / Jumlah Aset(in Billion Rp /
dalam miliar Rp)
06 07 08 09 10
5000
4500
4000
3500
3000
2500
2000
1500
1000
0
Stockholders’ Equity /Ekuitas
(in Billion Rp /dalam miliar Rp)
06 07 08 09 10
900
800
700
600
500
400
300
200
100
0
Embracing The Community l 2010 Annual Report l 13
PT LAUTAN LUAS Tbk
Stock Highlights / Ikhtisar SahamCapital Stock
Authorized capital (shares)Issued and fully paid capital
Shareholders composition
PT Caturkarsa MegatunggalJoan Fudiana (President Commissioner)Adyansyah Masrin (Vice President Commissioner)Indrawan Masrin (President Director)Jimmy Masrin (Vice President Director)Public
Total
Modal Saham
Modal dasar (lembar)Modal ditempatkan dan disetor penuh
Susunan kepemilikan
PT Caturkarsa MegatunggalJoan Fudiana (Presiden Komisaris)
Adyansyah Masrin (Wakil Presiden Komisaris)Indrawan Masrin (Presiden Direktur)
Jimmy Masrin (Wakil Presiden Direktur)Masyarakat
Jumlah
Percentage /Persentase
63,03%1,89%1,02%0,57%0,16%
33,33%
100,00%
As of 31 December 2010Per 31 Desember 2010
2.400.000.000780.000.000
Shares /Lembar
491.670.40014.716.000
7.945.6004.420.0001.248.000
260.000.000
780.000.000
Initial Public Offering (IPO) / Penawaran Umum Perdana
Offering Period
Allotment Date
Listing Date:at Jakarta andSurabaya Stock ExchangeAmounting 150,000,000Registered Shares
Bonus Share 5:8Total Bonus Shares 240,000,000Registered Shares
Stock SplitNominal Value @ Rp 250The Company Currently has780,000,000 Registered SharesListed on The Stock Exchange
Scriptless Trading
Masa Penawaran
Tanggal Penjatahan
Tanggal Pencatatan:di Bursa Efek Jakarta
dan SurabayaSebanyak 150.000.000
Saham Biasa Atas Nama
Saham Bonus 5:8Total Saham Bonus 240.000.000
Saham Biasa Atas Nama
Stock SplitNilai Nominal @ Rp 250
Perseroan Mencatatkan Seluruh Sahamnyadi Bursa Efek Sebanyak 780.000.000 Lembar
Perdagangan Saham Tanpa Warkat
30 June / Juni - 2 July / Juli 1997
9 July / Juli 1997
21 July / Juli 1997
27 January / Januari 1999
8 November / Nopember 1999
30 January / Januari 2001
Period / Periode
Quarter / Kuartal IQuarter / Kuartal IIQuarter / Kuartal IIIQuarter / Kuartal IV
2010
880870860900
2009
1.060950890880
Highest / Tertinggi(Rp)
2010
650690740770
2009
500700710690
Lowest / Terendah(Rp)
2010(Shares / Lembar)
29.220.00029.615.50035.396.00023.978.500
2009(Shares / Lembar)
505.290.000889.462.500144.639.500
29.385.500
Total Transaction Volume /Jumlah Transaksi
PT LAUTAN LUAS Tbk’s Stock Price and Transaction Volume, 2009 - 2010Jumlah Transaksi dan Harga Saham PT LAUTAN LUAS Tbk Periode 2009 - 2010
14 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
Bond / Obligasi
3rd Bond
Offering Period
Allotment Date
Listing Date:at Indonesia Stock Exchangeamounting toRp 500,000,000,000,-
Pefindo Rating
Obligasi III
Masa Penawaran
Tanggal Penjatahan
Tanggal Pencatatan:di Bursa Efek Indonesia
sebesar Rp 500.000.000.000,-
Peringkat Pefindo
Date / Tanggal
17-19 March / Maret 2008
24 March / Maret 2008
27 March / Maret 2008
idA-(Single A Minus; Stable Outlook)
Dividend Payment / Pembayaran DividenNo
1
2
3
4
5
6
7
8
9
10
11
12
13
14
DividendPayment Year
Tahun PembayaranDividen
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
100.000.00050.000.000
150.000.000
150.000.000390.000.000
780.000.000
780.000.000
780.000.000
780.000.000
780.000.000
780.000.000
780.000.000
780.000.000
780.000.000
780.000.000
780.000.000
TotalStock
JumlahSaham
(Lembar)
1.000.000.000750.000.000
3.750.000.000
15.000.000.00012.870.000.000
14.040.000.000
5.460.000.000
12.090.000.000
3.900.000.000
1.560.000.000
13.260.000.000
13.260.000.000
6.240.000.000
21.840.000.000
44.460.000.000
26.520.000.000
DividendPaid
Dividenyang Dibayar
(Rp)
Previous YearNet IncomeLaba Bersih
Tahun Sebelumnya(Rp)
11.110.091.291
18.166.367.049
93.077.776.097
55.704.569.435
26.009.337.457
48.974.781.004
19.450.748.621
7.647.427.902
51.915.953.207
52.425.206.054
29.676.768.193
71.669.619.258
145.846.444.796
85.925.415.661
Cash Dividend/ Share
Dividen Tunai/ Saham
(Rp)
1015
25
10033
18
7
15,5
5
2
17
17
8
28
57
34
Pay Out RatioPerbandinganantara Dividen
denganLaba Bersih
(%)
97
21
1630
25
21
25
20
20
25
25
21
30
30
31
Embracing The Community l 2010 Annual Report l 15
PT LAUTAN LUAS Tbk
Summary of Significant Events 2010Peristiwa-peristiwa Penting 2010
PT Cipta Mapan Logistik, (anak perusahaanPT LAUTAN LUAS Tbk) dan PT Bintang Erlindomelepas kepemilikan sahamnya di PT Taruna Bina Saranauntuk Concord Energy Pte Ltd sebagai strategic investor.
Peningkatan Modal Disetor pada PT Cipta MapanLogistik menjadi Rp 92,3 miliar.
Peningkatan Modal Disetor pada PT BahanaPrestasi menjadi Rp 54,5 miliar.
Mendirikan usaha baru:PT Lautan Natural Krimerindo, anak perusahaanmanufaktur yang memproduksi non-dairy creamer.
Acara pembukaan dan peresmian aktivitas operasipada PT Lautan Luas Vietnam anak perusahaanmanufaktur yang memproduksi bahan kimia untukpengolahan air.
Peningkatan modal pada PT MetabisulphiteNusantara menjadi Rp 34 miliar yang meningkatkankepemilikan dari 80% menjadi 99,99%.
PT Lautan Jasaindo meningkatkan kepemilikan atasPT Kujang Tirta Sarana dari 30% menjadi 40%.
PT LAUTAN LUAS Tbk meningkatkan sahamkepemilikan atas PT Findeco Jaya dari 35%menjadi 36,43%.
Guna meningkatkan strategi diversifikasi,PT LAUTAN LUAS Tbk menginvestasikan Rp 9miliar pada PT Jakamitra Indonesia.
Peningkatan Modal Disetor pada PT LautanJasaindo menjadi Rp 1,3 miliar, menaikkan 95%kepemilikan menjadi 98,85%.
Peningkatan investasi di PT Indonesia EthanolIndustry menjadi Rp 25,3 miliar, tingkatkepemilikan menjadi 27,60% dari 23%.
Peningkatan Modal Disetor pada PT LautanNatural Krimerindo menjadi Rp 13,5 miliar.
PT Cipta Mapan Logistik, (subsidiary ofPT LAUTAN LUAS Tbk) and PT Bintang Erlindodivested its shares in PT Taruna Bina Sarana toConcord Energy Pte Ltd as a strategic investor.
Paid-In Capital increase at PT Cipta MapanLogistik to Rp 92.3 billion.
Paid-In Capital increase at PT Bahana Prestasi,a subsidiary of PT Cipta Mapan Logistik to
Rp 54.5 billion.
Establishment of a new business:PT Lautan Natural Krimerindo, a manufacturing
subsidiary producing non-dairy creamer.
Opening ceremony and initiation of operationalactivity at PT Lautan Luas Vietnam, a
manufacturing subsidiary producing watertreatment chemicals.
Capital increase at PT Metabisulphite Nusantara,to Rp 34 billion with a corresponding increase in
holding from 80% to 99.99%.
PT Lautan Jasaindo increases its share holdingsof PT Kujang Tirta Sarana from 30% to 40%.
PT LAUTAN LUAS Tbk increased its shareholdings of PT Findeco Jaya from 35% to 36.43%.
To further the strategy of diversification,PT LAUTAN LUAS Tbk invests Rp 9 billion in
PT Jakamitra Indonesia.
Increased the Paid-In Capital of PT LautanJasaindo to Rp 1.3 billion raising the 95%
shareholding to 98.85%.
Increased investment in PT Indonesia EthanolIndustry to Rp 25.3 billion, increasing its holding
to 27.60% from 23%.
Increased the Paid-In Capital of PT LautanNatural Krimerindo to Rp 13.5 billion.
JanuaryJanuari
FebruaryPebruari
MayMei
JulyJuli
OctoberOktober
NovemberNopember
DecemberDesember
18 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
The Corporate’s StructureStruktur Perusahaan
Struktur Perusahaan
PT LAUTAN LUAS Tbk
Distributor dan Manufaktur Bahan Kimia Dasardan Khusus, serta Usaha Pendukung dan Jasa
DISTRIBUSI
ANAK PERUSAHAANLautan Luas Singapore Pte. Ltd.• Distribusi bahan kimia khusus dan dasar
AFILIASIPT PKG Lautan Indonesia• Distribusi bahan kimia solvent
MANUFAKTUR
ANAK PERUSAHAANPT Advance Stabilindo Industry• Memproduksi bahan kimia khusus untuk
industri plastik dan PVC
PT Daiti Carbon Nusantara• Memproduksi karbon aktif
PT Dunia Kimia Jaya• Memproduksi bahan kimia khusus untuk
berbagai industri
PT Dunia Kimia Utama• Memproduksi asam sulfat dan aluminium sulfat
PT Indonesian Acids Industry• Memproduksi asam sulfat, aluminium sulfat,
potash alum
PT Lautan Natural Krimerindo• Memproduksi non-dairy creamer
ShareholdersPemegang saham
PT Caturkarsa Megatunggal63,03%
Management / Manajemen 3,64%
Public / Masyarakat33,33%
Ownership byKepemilikan
PT LAUTAN LUAS Tbk
100%
49,0%
98,6%
99,93%
99,9%
65,0%
60,0%
99,93%
The Corporate’s Structure
PT LAUTAN LUAS Tbk
Distributor and Manufacturer of Basic and Specialty Chemicals as well as Support and Service Business
DISTRIBUTION
SUBSIDIARYLautan Luas Singapore Pte. Ltd.
Distributes specialty & basic chemicals •
AFFILIATEPT PKG Lautan Indonesia
Distributes solvent chemicals •
MANUFACTURING
SUBSIDIARIESPT Advance Stabilindo Industry
Produces specialty chemicals for plastic and •PVC industry •
PT Daiti Carbon NusantaraProduces activated carbon •
PT Dunia Kimia JayaProduces specialty chemicals for various •
industries •
PT Dunia Kimia UtamaProduces sulfuric acid and aluminium sulfate •
PT Indonesian Acids IndustryProduces sulfuric acid, aluminium sulfate, •
potash alum •
PT Lautan Natural Krimerindonon-dairy creamer •
Embracing The Community l 2010 Annual Report l 19
PT LAUTAN LUAS Tbk
PT Lautan Sulfamat Lestari• Memproduksi asam sulfamat
PT Liku Telaga• Memproduksi asam sulfat, aluminium sulfat,
sodium silikat (cair dan padat), potash alum
PT Metabisulphite Nusantara• Memproduksi sodium metabisulphite
PT Pacinesia Chemical Industry• Memproduksi poli aluminium klorida
(cair dan bubuk), plaster gipsum
PT White Oil Nusantara• Memproduksi white oil
AFILIASI
PT Findeco Jaya• Memproduksi alkyl benzene sulfonate
PT Indonesia Ethanol Industry• Memproduksi pure ethanol
PT Lautan Otsuka Chemical• Memproduksi azodicarbonamide
(blowing agent)
PT Mahkota Indonesia• Memproduksi asam sulfat, aluminium sulfat,
sodium silikat, fero sulfat, potash alum
PT Roha Lautan Pewarna• Memproduksi zat pewarna makanan dan
obat-obatan, zat pewarna tekstil
PT Sibelco Lautan Minerals• Memproduksi washed sands, tepung silika, tepung
fieldpar
USAHA PENDUKUNG DAN JASA
ANAK PERUSAHAAN
PT Cipta Mapan Logistik• Jasa logistik dan manajemen rantai pasok
PT Hydro Hitech Optima• Solusi penyedia air bersih
PT Lautan Jasaindo• Jasa pendukung dan laboratorium, bahan kimia
khusus
PT Strategic Partner Solution• Solusi teknologi informasi
AFILIASI
PT Jakamitra Indonesia• Kawasan industri
99,0%
50,5%
99,997%
99,975%
93,0%
36,43%
27,6%
30,0%
40,0%
30,0%
20,0%
99,999%
99,98%
98,85%
99,82%
18,0%
PT Lautan Sulfamat LestariProduces sulfamic acid •
PT Liku TelagaProduces sulfuric acid, aluminium sulfate, •
sodium silicate (liquid and solid), potash alum •
PT Metabisulphite NusantaraProduces sodium metabisulphite •
PT Pacinesia Chemical IndustryPoly aluminium chloride (liquid and powder), •
gypsum plaster •
PT White Oil NusantaraProduces white oil •
AFFILIATES
PT Findeco JayaProduces alkyl benzene sulfonate •
PT Indonesia Ethanol IndustryProduces pure ethanol •
PT Lautan Otsuka ChemicalProduces azodicarbonamide (blowing agent) •
PT Mahkota IndonesiaProduces sulfuric acid, aluminium sulfate, •sodium silicate, ferro sulfate, potash alum •
PT Roha Lautan PewarnaProduces food and pharmaceutical coloring •
agents, textile coloring agents •
PT Sibelco Lautan MineralsProduces washed sands, silica flour, •
fieldpar flour •
SUPPORT AND SERVICES
SUBSIDIARIES
PT Cipta Mapan LogistikLogistic & supply chain management •
PT Hydro Hitech OptimaWater treatment solution •
PT Lautan JasaindoSupport and laboratory, specialty chemicals •
PT Strategic Partner SolutionInformation technology solution •
AFFILIATE
PT Jakamitra IndonesiaIndustrial estate •
20 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
Management StructureStruktur Manajemen
Board of CommissionerDewan Komisaris
Audit CommitteeKomite Audit
President DirectorPresiden Direktur
Vice President DirectorWakil Presiden Direktur
Internal AuditAudit Internal
Business Development &Manufacturing DirectorDirektur Pengembangan
Usaha & Manufaktur
Operations &Support Director
Direktur Operasional& Pendukung
Sales & Marketing /Commercial DirectorDirektur Penjualan &
Pemasaran / Komersial
Managing DirectorDirektur Pengelola
The Board ofCommissioners’ Report
Laporan Dewan Komisaris
JOAN FUDIANAPresident Commissioner
Presiden Komisaris
22 l Embracing The Community l 2010 Annual Report
Para Stakeholder yang Terhormat,
Peningkatan berkelanjutan kondisi ekonomi makro Indonesia selama 2010: cadangan devisa yang meningkat 54%, PDB yang bertumbuh 6,1%, suku bunga pinjamanBank Sentral yang stabil, penurunan angka pengangguran, dan penguatan nilai Rupiah terhadap USD secara rata-rata sebesar 13%, semua memberikan harapan masadepan yang cerah. Sebagai anggota terbaru G-20, Indonesia telah membuktikan kemampuannya dalam meraih kinerja yang konsisten di tengah ketidakpastian global.
Dengan pertumbuhan Indonesia yang stabil adalah sangat baik untuk Lautan Luas. Selama 2010, kami meraih kemajuan yang konsisten di semua area yangsecara strategis penting bagi Perseroan. Rencana pengembangan usaha yang tertunda selama masa krisis global pada 2008-09 dilanjutkan kembali. Pabrikbaru yang diresmikan pada 2010 di Vietnam mulai berproduksi dan kami juga memperoleh izin untuk mendistribusikan produk di pasar yang penting di manaperekonomiannya bertumbuh pesat. Selain itu, sebuah pabrik etanol baru di Sumatera bagian Selatan akan diresmikan pada Kuartal 2-2011, peletakan batupertama untuk pabrik non-dairy creamer di Jawa Timur dijadwalkan pada Kuartal 1-2011, dan fasilitas penyimpanan bahan kimia cair dan minyak akandiresmikan pada pertengahan 2011, di mana hal ini akan memperluas profil usaha jasa logistik kami. Kami juga melakukan investasi selektif lain untukmemperluas jejak kehadiran kami di industri manufaktur dan distribusi di Indonesia, dan menambah prinsipal baru dan beragam produk mereka ke dalamportofolio produk kami yang terus berkembang.
Guna meningkatkan kemampuan Perseroan dalam merespons pemulihan global, kami meningkatkan investasi modal kerja untuk memastikan kesiapan aksesbagi para pelanggan ke seluruh rentang produk kami, baik yang ada dalam persediaan mereka maupun persediaan kami.
Walau masih yang terkecil di antara divisi usaha Perseroan, Pendukung dan Jasa merupakan segmen yang tumbuh paling pesat, dan untuk pertama kalinyamelebarkan basis pelanggannya ke luar Indonesia.
Kami bangga dengan energi dan antusiasme seluruh karyawan yang memperluas jangkauan dan cakupan program-program CSR. Perseroan sepenuhnyamendukung aktivitas tersebut, yang memberikan dampak penting bagi komunitas kami dan mereka di kawasan yang terkena bencana alam.
Dalam kesempatan ini, Dewan Komisaris ingin menyampaikan penghargaan dan terima kasih kepada Direksi dan seluruh karyawan atas kerja keras dan dedikasinya.Berkat upaya konsisten mereka, Perseroan mampu meningkatkan kualitas proses usaha internal dan layanan pelanggan seperti yang ditunjukkan oleh pengakuanyang diberikan badan sertifikasi ISO global, memperluas jangkauan usaha, dan bekerja sesuai dengan prinsip-prinsip Nilai Dasar Lautan Luas.
JOAN FUDIANAPresiden Komisaris
Jakarta, April 2011
PT LAUTAN LUAS Tbk
Dear Valued Stakeholders,
Continuing improvement of macro economic conditions in Indonesia during 2010: Reserves up by 54%, GDP up by 6.1%, stable Central Bank lending rates,a reduction of unemployment, and strengthening of the Rupiah vis-à-vis the USD in average by 13%, all augur well for the future. As the newest member ofthe G-20, Indonesia is proving its ability to deliver consistent results against a backdrop of global uncertainty.
And a stable growing Indonesia is good for Lautan Luas. The Company made consistent progress across several areas of strategic importance to the companyduring 2010. Ambitious development plans put on hold during the depth of the global crisis in 2008-09 were revived. The new manufacturing plant wascommissioning in 2010 in Vietnam began production and we were granted a license to distribute product to this important, growing economy. In addition, anew ethanol plant in South Sumatra will be commissioned in Q2-2011, ground breaking for a new non-dairy creamer plant in East Java is scheduled for Q1-2011, and a chemical and petroleum storage facility will be commissioned in mid-2011 expanding our logistics service profile. We made other selectiveinvestments to broaden our footprint in manufacturing and distribution in Indonesia, and added new principals and their products to our growing product profile.
To strengthen the Company’s ability to respond to the global recovery, we increased our working capital investment to ensure ready access by our customersto the full range of our products, both in their stock as well as in ours.
Although still the smallest of our business divisions, Support and Services was the fastest growing segment, and for the first time extended its client baseoutside of Indonesia.
We are proud of the energy and enthusiasm of our employees who expanded the reach and breadth of our CSR programs. The Company fully supportedthese activit ies, which had important impact on our communities and in several which bore the brunt of natural disasters.
The Commissioners would like to take this opportunity to express our appreciation and gratitude to the Board of Directors and employees at all levels for theirhard work and dedication. Through their consistent efforts, the Company improved the quality of our internal business processes and customer service asrecognized by the global ISO certification bodies, extended the breadth of our businesses, and worked by the principals of Lautan Luas Core Values.
JOAN FUDIANAPresident Commissioner
Jakarta, April 2011
Embracing The Community l 2010 Annual Report l 23
PT LAUTAN LUAS Tbk
Joan is an Indonesian citizen, graduated from the Faculty of Economics at StJohn’s University, Shanghai, China in 1949. She co-founded the Company in1951, and then served as Director from 1961 to 1979. Thereafter, she wasappointed Vice President Director in 1979, Commissioner in 1992, and VicePresident Commissioner in 1997. Since 2007, Joan has held the role ofPresident Commissioner of the Company in which she actively oversees newbusiness development and general operations.
Currently, Joan is also on the Board of Commissioners or Directors of severalcompanies in the Lautan Luas Group.
Joan, Warga Negara Indonesia, lulus dari Fakultas Ekonomi St. John’s University,Shanghai, Cina pada tahun 1949. Turut mendirikan Lautan Luas pada tahun1951. Kemudian menjabat sebagai Direktur (1961 - 1979), Wakil PresidenDirektur (1979 - 1992), Komisaris (1992 - 1997), Wakil Presiden Komisaris (1997 - 2007), dan sejak 2007 menjabatsebagai Presiden Komisaris Perseroan.
Saat ini, Joan termasuk dalam jajaran Dewan Komisaris atau Direksi beberapa perusahaan di Grup Lautan Luas.Sebagai Presiden Komisaris, Joan terlibat secara aktif mengawasi perkembangan bisnis baru dan kegiatan operasionalPerseroan.
The Board of CommissionersDewan Komisaris
JOAN FUDIANAPresident Commissioner l Presiden Komisaris
Adyansyah is an Indonesian citizen, graduated from Tuan Mong School,Singapore in 1936. He co-founded the Company in 1951. From 1979 to 1996,he was the President Director, and then from 1996 to 2007, he was PresidentCommissioner. Since 2007, Adyansyah has held the role of Vice PresidentCommissioner of the Company, actively in overlooking the company’s distributionand manufacturing activities.
Currently, Adyansyah is also on the Board of Commissioners of severalcompanies in the Lautan Luas Group.
Adyansyah, Warga Negara Indonesia, lulus dari Tuan Mong School, Singaporepada tahun 1936. Mendirikan Lautan Luas pada tahun 1951. Kemudian menjabatsebagai Presiden Direktur (1979 - 1996), Presiden Komisaris (1996 - 2007)dan sejak tahun 2007 menjabat sebagai Wakil Presiden Komisaris Perseroan.
Saat ini, Adyansyah termasuk dalam jajaran Dewan Komisaris beberapa perusahaan di Grup Lautan Luas. SebagaiWakil Presiden Komisaris, Adyansyah terlibat secara aktif mengawasi kegiatan manufaktur dan distribusi Perseroan.
ADYANSYAH MASRINVice President Commissioner l Wakil Presiden Komisaris
24 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
Pranata is an Indonesian citizen, graduated from Monash University, Melbourne,Australia in 1979 with a Bachelor of Economics, and from the University of Chicago,Chicago, USA in 1982 with a Master of Business Administration. Pranata startedhis career as an Auditor at Price Waterhouse & Co. in 1979, working at both theMelbourne and Jakarta offices. He then joined The First National Bank of Chicagoin 1983 as its Representative in the Jakarta office. In 1986, the Bank transferredhim to the Corporate Banking Department in Singapore, and then to Hong Kongregional office as the Head of International Private Banking Asia in 1988. Between1989 and 1996, he was a partner at Business Advisory Group Singapore, a regionalboutique financial advisory company.
Pranata began working with PT LAUTAN LUAS Tbk as an advisor in 1989. He wasappointed Vice President Director in 1996 and Commissioner in 2007. In his roleas Commissioner, Pranata overlooks the Company's financial planning and corporatestrategy.
Pranata, Warga Negara Indonesia, lulus dari Monash University, Melbourne, Australia dengan memperoleh gelar Bachelor ofEconomics pada tahun 1979 dan University of Chicago, Illinois, Amerika Serikat dengan memperoleh gelar Master of BusinessAdministration pada tahun 1982. Pranata memulai karirnya sebagai Auditor di Price Waterhouse & Co di Melbourne dan Jakarta(1979 - 1980). Kemudian bergabung sebagai Perwakilan The First National Bank of Chicago di Jakarta (1983 - 1985), DivisiCorporate Banking di Singapura (1986 - 1987) dan Pimpinan International Private Banking Asia di kantor regional Hong Kong(1988 - 1989), dan bergabung dengan Business Advisory Group, sebuah perusahaan konsultan keuangan, di Singapura sebagaimitra kerja (1989 - 1996).
Bergabung dengan Lautan Luas pada tahun 1989 sebagai penasihat dan menjadi Wakil Presiden Direktur pada tahun 1996 -2007. Sejak tahun 2007, beliau menjabat sebagai Komisaris Perseroan. Sebagai Komisaris, Pranata terlibat secara aktif mengawasiperencanaan keuangan dan strategi Perseroan.
PRANATA HAJADICommissioner l Komisaris
ZAKIRIndependent Commissioner l Komisaris Independen
Zakir is an Indonesian citizen, graduated from the Indonesia Banking Academy,Jakarta in 1954. He has served on the Company’s Board of Commissioners since1997.
Prior to joining the Company, Zakir was a Director of Firma All Indonesia Corporation(Allinco) from 1951 to 1970, Director of Maskapai Pelayaran Sumatra from 1958to 1968, President Director of PT Pelayaran Nusantara Sejati from 1967 to 1985,and Director of Sari International Shipping from 1970 to 1985. Since 1980, he hasbeen Director of PT Taman Olahraga Jagorawi.
As Independent Commissioner, Zakir actively oversees all matters related tocompliance and Corporate Governance.
Zakir, Warga Negara Indonesia, lulus dari Akademi Perbankan Indonesia di Jakartapada tahun 1954. Beliau tergabung dalam jajaran Dewan Komisaris Perseroansejak tahun 1997.
Sebelum bergabung dengan Perseroan, beliau pernah menjabat sebagai Direktur Firma All Indonesia Corporation atauAllinco (1951 - 1970), Direktur Maskapai Pelayaran Sumatra (1958 - 1968), Presiden Direktur of Pelayaran Nusantara Sejati(1967-1985), dan sebagai Direktur Sari International Shipping (1970 - 1985). Sejak tahun 1980 hingga saat ini, beliau jugamenjabat sebagai Direktur PT Taman Olahraga Jagorawi.
Sebagai Komisaris Independen Perseroan, Zakir terlibat secara aktif dalam kepatuhan dan Tata Kelola Perusahaan.
Embracing The Community l 2010 Annual Report l 25
PT LAUTAN LUAS Tbk
Hari is an Indonesian citizen, graduated from Diponegoro University, Semarang,Central Java in 1977, where he majored in Chemical Engineering. He wasappointed as an Independent Commissioner at the 2008 Annual General Meetingof Shareholders.
Hari began his career in the government, where he held several key positionswithin the Ministry of Industry (formerly the Ministry of Trade and Industry).From 1992 to 1994, he was Director of Agrochemical Industries; from 1994to 1998, Kepala Biro Tata Usaha BUMN; in 1998, Director of Leather Industries;from 1998 to 2000, Director of Downstream Chemical Industries; from 2000to 2002, Secretary of Directorate General of Chemical, Agro and ForestryProduct Industries; from 2002 to 2004, Director of Chemical Based, Agricultureand Plantation Industries; in 2005, Ad Interim Director of Food and TobaccoIndustries; and from 2005 to 2007, Director of Upstream Chemical Industriesfor The Ministry of Industry.Hari was also active at a number of state-owned enterprises prior to and during his tenure in the Ministry. From 1986to 1993, he was appointed Secretary of the Board of Commissioners of PT Pupuk Iskandar Muda. Thereafter he heldseveral roles as Commissioner: first at PT Petrokimia Gresik from 1993 to 1997, then PT Pupuk Kalimantan Timurin 1997, and PT Pupuk Sriwijaya from 1997 to 1999. He also served as Chairman of the Audit Committee of PT PupukSriwijaya from 1999 to 2004.
As Independent Commissioner and chairman of the Audit Committee of the Company, Hari is active in the Company’sgovernment and industrial relations, as well as areas relating to technical, marketing and business development.
HARI SLAMET WIDODOIndependent Commissioner l Komisaris Independen
Hari, Warga Negara Indonesia, lulus dari Universitas Diponegoro, Semarang, Jawa Tengah pada tahun 1977 denganmenekuni studi di bidang Teknik Kimia. Pada Rapat Umum Pemegang Saham tahun 2008, beliau ditunjuk sebagaiKomisaris Independen Perseroan.
Hari memulai karirnya di pemerintahan, ketika ia menduduki beberapa posisi utama di Departemen Perindustrian(Dahulu Departemen Perindustrian dan Perdagangan). Sebelumnya beliau pernah menjabat sebagai Direktur IndustriAgrokimia (1992 - 1994), Kepala Biro Tata Usaha BUMN (1994 - 1998), Direktur Industri Kulit (1998), Direktur IndustriKimia Hilir (1998 - 2000), Sekretaris Direktorat Jendral Industri Kimia, Agro, dan Produk Kehutanan (2000 - 2002),Direktur Industri Perkebunan, Agrikultur, dan Kimia (2000 - 2004), Direktur Ad Interim Industri Makanan dan Tembakau(2005), dan Direktur Industri Kimia Hulu di Departemen Perindustrian (2005 - 2007).Hari juga terlibat aktif di beberapa badan usaha milik negara dan pernah menjabat sebagai Sekretaris Dewan KomisarisPT Pupuk Iskandar Muda (1986 - 1993), Komisaris PT Petrokimia Gresik (1993 - 1997), Komisaris PT PupukKalimantan Timur (1997), Komisaris PT Pupuk Sriwijaya (1997 - 1999), dan Ketua Komite Audit PT Pupuk Sriwijaya(1999 - 2004).
Sebagai Komisaris Independen Perseroan dan Ketua Komite Audit Perseroan, Hari terlibat secara aktif dalamhubungan dengan kalangan industri dan pemerintahan di Perseroan, terkait dengan bidang pengembangan bisnis,pemasaran, dan teknis.
Embracing The Community l 2010 Annual Report l 27
PT LAUTAN LUAS Tbk
Dear Valued Stakeholders,
During 2010, the world’s economies began to emerge in the grip of the global recession and worldwide financial crisis.
At Lautan Luas, we did not let the economic turmoil distract us from creating and protecting value. In the areasof Manufacturing and Business Development, we improved the reliability of our processes, earning /extendingrecognitions from the ISO certification bodies. We achieved greater levels of capacity utilization and improved thesupply chain by reducing bottlenecks in the supply of chemicals from our manufacturing plants.
We stayed close to our partners, adding prestigious names and their products to our portfolio to providegreater value to our customers. New customers were added locally and off shore, including Africa, addingresilience to our revenue streams. Our specialty chemicals offerings were expanded with the addition ofnew supplier partners in paper, water treatment, plastics and food, and extended by being designateddistributor of existing supplier products in Thailand and Vietnam markets. We are now uniquely positionedin the latter by the granting of a license by the Vietnam government to operate a distribution business.Together, these developments strengthened Lautan Luas’ value proposition to our customers across ourgrowing portfolio of basic and specialty chemicals. Domestic volume grew by more than 20% in 2010 overthe prior year, while Regional volume growth was led by China, with Thailand more than doubling.
Para Stakeholder yang Terhormat,
Pada 2010, perekonomian dunia mulai bangkit dari jeratan resesi global dan krisis keuangan yang melandaseluruh dunia.
Di Lautan Luas, kami tak membiarkan gejolak ekonomi mengalihkan perhatian kami dari menciptakan danmempertahankan nilai. Di bidang Manufaktur dan Pengembangan Usaha, Perseroan meningkatkankeandalan proses, memperluas pengakuan dari lembaga sertifikasi ISO. Kami meraih tingkat utilisasikapasitas yang lebih tinggi dan meningkatkan rantai pasok dengan mengurangi hambatan pada pasokanbahan kimia dari berbagai pabrik kami.
Perseroan menjaga hubungan erat dengan para mitra usaha, meningkatkan daftar portofolio kami dengannama-nama prinsipal ternama yang bergengsi dan beragam produk mereka guna memberi nilai lebihkepada pelanggan. Perseroan berhasil menambah pelanggan baru, dari dalam maupun luar negeri,termasuk Afrika, meningkatkan ketahanan arus pendapatan kami. Bahan kimia khusus yang kami tawarkanpun kian beragam dengan masuknya para mitra pemasok baru di industri kertas, pengolahan air, plastikdan makanan, dan pasarnya meluas karena Perseroan dipercaya menjadi distributor produk dari prinsipaldi pasar Thailand dan Vietnam. Perseroan telah ditunjuk secara khusus dan mendapatkan izin resmi daripemerintah Vietnam untuk menjalankan usaha distribusi. Semua pencapaian ini telah memperkuat valueproposition Lautan Luas kepada para pelanggan di seluruh portofolio bahan kimia dasar dan khususPerseroan yang terus bertumbuh. Volume penjualan domestik meningkat lebih dari 20% pada 2010dibandingkan tahun sebelumnya, sementara pertumbuhan volume Regional dimotori oleh pasar Cina, danpenjualan di Thailand yang meningkat jadi lebih dari dua kali lipat.
28 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
Market uncertainty fed by the ongoing crisis, oil price volatility and pockets of strong demand, foremostamong them – China, created supply constraints of some chemicals. Strengthening of the RMB, energysupply constraint and pressure to mitigate environmental degradation, impacted the competitiveness ofChina manufactured chemicals. This factor, along with our productivity and supply chain improvementsand growing Regional footprint, and the application of the ASEAN free trade tariff reductions bode well forLautan Luas going forward.
The BOD has delineated the strategic focus of the Company for the period ahead to:l Foster the development of a highly professional, customer centric sales team with the objective to
achieve market leadership as a total solution provider to our customers and to compete effectively inthe global marketplace.
l Develop new business opportunities in new industries / products / geographical areas. Our focus willbe on products that make a difference in people’s lives: clean water and preservation of the environmentthrough waste water and water recycling processes. We will focus on the food chain, beginning withthe development of natural food ingredients, through manufacturing processes, plantation management,and into seed development through biotechnology.
l Expand our regional footprint to achieve a critical mass as a supplier of choice in Chemicals and ourchosen areas of service.
Ketidakpastian pasar yang dipicu oleh krisis yang terjadi, volatilitas harga minyak, dan kantong-kantongpermintaan yang kuat, terutama Cina, membuat pasokan beberapa bahan kimia terkendala. Penguatannilai RMB, hambatan pasokan energi dan tekanan untuk mengurangi kerusakan lingkungan, telahmemengaruhi daya saing bahan kimia hasil produksi Cina. Faktor ini, ditambah dengan peningkatanproduktivitas dan rantai pasok serta semakin kuatnya keberadaan kami di pasar Regional, juga penerapanpenurunan tarif dalam kerangka perdagangan bebas ASEAN menjadi pertanda baik bagi Lautan Luasuntuk maju berkembang.
Untuk periode ke depan, Direksi telah membuat perencanaan Perseroan dengan fokus strategi sebagaiberikut:l Meningkatkan pengembangan tim penjualan yang sangat profesional, berorientasi pelanggan guna
meraih kepemimpinan pasar sebagai penyedia solusi total kepada para pelanggan dan untuk bersaingsecara efektif di pasar global.
l Mengembangkan peluang usaha baru di berbagai industri baru / produk / wilayah geografis baru. Fokuskami adalah produk-produk yang membuat perbaikan dalam kehidupan manusia: air bersih dan pelestarianlingkungan melalui proses daur ulang air limbah. Kami juga akan fokus pada rantai makanan, mulai daripengembangan bahan makanan alami sampai dengan proses manufaktur, manajemen perkebunan,dan terus ke pengembangan benih dan bioteknologi.
l Memperluas cakupan regional untuk mencapai volume penjualan yang besar sebagai pemasok pilihanuntuk produk-produk bahan kimia dan bidang jasa tertentu.
Embracing The Community l 2010 Annual Report l 29
PT LAUTAN LUAS Tbk
l Build strong sourcing team in China to leverage our investments in manufacturing, distribution andservices to serve local and regional markets.
l Enhance Productivity across key customers and products.l Empower and enable our People through development by rolling out sales & marketing training as well
as on the job training across a broad range of skills and aspirations as identified in employee careerplanning sessions.
We see a future full of opportunity for Lautan Luas by leveraging our fundamental strengths and carefulexpansion of our core businesses through steady, thoughtful development - qualities that have sustainedus over 60 years and through numerous crises.
l Membangun tim sourcing yang kuat di Cina guna memanfaatkan secara maksimal investasi Perseroandi bidang manufaktur, distribusi dan jasa untuk melayani pasar lokal maupun regional.
l Meningkatkan produktivitas pada semua pelanggan dan produk kunci.l Memberdayakan dan meningkatkan kemampuan karyawan Lautan Luas melalui upaya pengembangan
dengan mengadakan pelatihan penjualan & pemasaran serta on job training untuk berbagai keterampilandan aspirasi yang terungkap dalam berbagai sesi perencanaan karir karyawan.
Kami memandang masa depan yang penuh peluang bagi Lautan Luas dengan memanfaatkan kekuatandasar Perseroan dan melakukan ekspansi bisnis inti secara berhati-hati melalui upaya pengembanganyang mantap dan bijaksana - suatu hal yang telah membuat Perseroan terus berkembang selama lebihdari 60 tahun, melalui berbagai krisis.
INDRAWAN MASRINPresiden Direktur
Jakarta, April 2011
INDRAWAN MASRINPresident Director
Jakarta, April 2011
30 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
Indrawan is an Indonesian citizen, graduated from Bradley University, Illinois,USA in 1973 with a Master of Science in Mathematics. He joined Lautan Luasin 1975 as Marketing Manager. In 1985, he was appointed Director and thenVice President Director in 1992. Since 1996, Indrawan has served as PresidentDirector, directing the Company’s growth and expansion.
Currently, he is also on the Board of Commissioners or Directors of a numberof companies in the Lautan Luas Group.
The Board of DirectorsDireksi
INDRAWAN MASRINPresident Director l Presiden Direktur
Warga Negara Indonesia, lulus dari Universitas Bradley, Illinois, Amerika Serikatpada tahun 1973 dan memperoleh gelar Master of Science di bidang studiMatematika. Bergabung dengan Perseroan pada tahun 1975 sebagai ManajerPemasaran. Kemudian menjabat sebagai Direktur (1985 - 1992), Wakil PresidenDirektur (1992 - 1996), dan Presiden Direktur Perseroan sejak tahun 1996.
Saat ini, Indrawan termasuk dalam jajaran Dewan Komisaris atau Direksisejumlah perusahaan dalam Grup Lautan Luas. Sebagai Presiden Direktur, Indrawan memimpin pertumbuhan danekspansi Perseroan.
Jimmy is an Indonesian citizen, graduated from University of Oklahoma, USAin 1985 with a Bachelor of Arts, and from The American Graduate School ofInternational Management (Thunderbird), Arizona, USA with a Master ofInternational Management in 1987. Jimmy started his career with DauphinTechnology in Lombard, Illinois as the Marketing Manager. He joined the LautanLuas Group in 1989 as Vice President Director of a subsidiary company. In1990, he was appointed Director at Lautan Luas, then Managing Director from1996 to 2007. Since 2007, he has served as Vice President Director of theCompany.
Currently, he is also on the Board of Commissioners or Directors of a numberof companies in the Lautan Luas Group. As Vice President Director, Jimmy isactive in the Company’s corporate strategy for new business development.
JIMMY MASRINVice President Director l Wakil Presiden Direktur
Warga Negara Indonesia, lulus dari University of Oklahoma, Amerika Serikat denganmemperoleh gelar Bachelor of Arts pada tahun 1985 dan The American GraduateSchool of International Management (Thunderbird), Arizona, Amerika Serikat denganmemperoleh gelar Master of International Management pada tahun 1987. Jimmy memulai karirnya sebagai ManajerPemasaran di Dauphin Technology, Lombard, Illinois pada tahun 1987 - 1989. Bergabung dengan Grup Lautan Luas padatahun 1989 sebagai Wakil Presiden Direktur pada anak perusahaan. Kemudian menjabat sebagai Direktur (1990 - 1996),Direktur Pelaksana (1996 - 2007), dan Wakil Presiden Direktur Perseroan sejak tahun 2007.
Saat ini, Jimmy termasuk dalam jajaran Dewan Komisaris atau Direksi sejumlah perusahaan di Grup Lautan Luas. SebagaiWakil Presiden Direktur, Jimmy bertanggung jawab atas strategi Perseroan dalam perkembangan usaha baru Perseroan.
Embracing The Community l 2010 Annual Report l 31
PT LAUTAN LUAS Tbk
Joshua is an Indonesian citizen, graduated from the University of Minnesotain 1977 with a Bachelor degree in Chemical Engineering, and from the Universityof Illinois in 1983 with a PhD in Chemical Engineering. Joshua joinedPT Lautan Luas Tbk in 1984 as a Sales Executive. Since then his career hasincluded roles as Sales Manager (1987 - 1992), Marketing Manager (1992 -1996) and Marketing Director (1996 - 2007) before being appointed as ManagingDirector and Business Development & Manufacturing Director of the Companyin 2008. In this role, Joshua leads the Company's operations on a day-to-daybasis, championing areas such as human resources and is responsible fornew development and growth of the Company's manufacturing activities.
Currently, Joshua is also on the Board of Commissioners or Directors of severalcompanies within Lautan Luas Group.
JOSHUA CHANDRAPUTRA ASALIManaging Director , Business Development & Manufacturing DirectorDirektur Pengelola, Direktur Pengembangan Usaha & Manufaktur
Warga Negara Indonesia, lulus dari University of Minnesota, Amerika Serikatdengan memperoleh gelar Sarjana Teknik Kimia pada tahun 1977 danmelanjutkan studinya di University of Illinois, Amerika Serikat dengan memperoleh gelar PhD di bidang Teknik Kimiapada tahun 1983. Bergabung dengan Perseroan pada tahun 1984 sebagai Sales Executive. Kemudian menjabatsebagai Manajer Penjualan (1987 - 1992), Manajer Pemasaran (1992 - 1996), Direktur Pemasaran (1996 - 2007),dan Direktur Pelaksana Perseroan sejak tahun 2007.
Saat ini, Joshua termasuk dalam jajaran Dewan Komisaris atau Direksi beberapa perusahaan di Grup Lautan Luas.Sebagai Direktur Pelaksana, Joshua memimpin jalannya kegiatan operasional harian Perseroan dan sumber dayamanusia. Sebagai Direktur Pengembangan Usaha dan Manufaktur, Joshua bertanggung jawab atas pengembanganusaha baru dan pertumbuhan kegiatan manufaktur Perseroan.
Herman is an Indonesian citizen, graduated from the Faculty of Technology atTrisakti University, Jakarta in 1985 with a Bachelor in Electrical Engineering, andfrom The American Graduate School of International Management (Thunderbird),Arizona, USA in 1987 with a Master of International Management. He joined theCompany in 1988 as Assistant Manager of Finance. In 1993, he was appointedFinance Manager, then Director of Operations in 2002. Since 2007, he has servedas Operations & Support Director of the Company in which he oversees the financial,operational, and administrative affairs of the Company.
Currently, he is also on the Board of Commissioners or Directors of severalcompanies in the Lautan Luas Group and serves as the Company’s CorporateSecretary.
HERMAN SANTOSOOperations & Support Director l Direktur Operasional & Pendukung
Warga Negara Indonesia, lulus dari Fakultas Teknologi, Universitas Trisakti, Jakartadengan memperoleh gelar Sarjana Teknik Elektro pada tahun 1985 dan TheAmerican Graduate School of International Management (Thunderbird), Arizona,Amerika Serikat dengan memperoleh gelar Master of International Managementpada tahun 1987. Bergabung dengan Perseroan pada tahun 1988 sebagai Asisten Manajer Keuangan. Kemudian menjabatsebagai Manajer Keuangan (1993 - 2002), Direktur Operasional (2002 - 2007), dan Direktur Operasional dan PendukungPerseroan sejak tahun 2007.
Saat ini, Herman termasuk dalam jajaran Dewan Komisaris atau Direksi beberapa perusahaan di Grup Lautan Luas danmenjabat sebagai Sekretaris Perusahaan. Sebagai Direktur Operasional dan Pendukung, Herman bertanggung jawab ataskeuangan, operasional, dan administrasi Perseroan.
32 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
Soewandhi is an Indonesian citizen, graduated from Oregon State University,USA in 1990 with a Bachelor in Chemical Engineering. He joined the Companyin 1991 as a Sales Executive. From his appointment in 1996 as Sales Manager,his career unfolded progressively through the sales and marketing organizationsleading to his appointment in 2006 as a Strategic Business Unit Head. Thenin 2007, Soewandhi was named Sales & Marketing / Commercial Director ofthe Company in which he is responsible for the Company’s sales and marketingactivities and ensuring continued growth in market share.
Currently, he is also on the Board of Directors of several companies in theLautan Luas Group.
SOEWANDHI SOEKAMTOSales & Marketing / Commercial Director l Direktur Penjualan & Pemasaran / Komersial
Warga Negara Indonesia, lulus dari Oregon State University, Amerika Serikatdengan memperoleh gelar Sarjana Teknik Kimia pada tahun 1990. Bergabungdengan Perseroan pada tahun 1991 sebagai Sales Executive. Kemudianmenjabat sebagai Manajer Penjualan (1996 - 2000), Manajer Pemasaran (2000 - 2003), Pimpinan Unit Usaha Strategis(2003 - 2006), dan Direktur Niaga / Penjualan & Pemasaran Perseroan sejak tahun 2007.
Saat ini, Soewandhi termasuk dalam jajaran Direksi beberapa perusahaan di Grup Lautan Luas. Soewandhi bertanggungjawab atas aktivitas penjualan dan pemasaran Perseroan serta memastikan pertumbuhan berkelanjutan pangsapasar Perseroan.
Embracing The Community l 2010 Annual Report l 33
PT LAUTAN LUAS Tbk
Corporate GovernanceTata Kelola Perusahaan
The tenets of Good Corporate Governance (GCG) havealways been considered integral to PT LAUTAN LUASTbk management philosophy and a fundamentalcornerstone in achieving sustainable growth. Theprinciples have enabled the Company to become aleading regional integrated chemical distribution andmanufacturing company. Listed since 1997 on theIndonesia Stock Exchange, the Company has all thenormative GCG instruments required by Bapepam-LKincluding an Internal Audit function, Audit Committee ofthe BOC, and appointment of IndependentCommissioners.
The Company’s GCG practices are dynamic andcontinuously being improved. Moreover, with thetremendous difficulties posed by the recent economiccrisis, the principles of GCG have provided a clearframework for management and staff to adapt andimprove their competencies to meet the challenges ofthe current environment.
THE BOARD OF COMMISSIONERS
The Board of Commissioners (”BOC”) duty is to monitorCompany performance and provide guidance to theBoard of Directors (”BOD”). Formal communicationbetween the BOC and the BOD occurs through regularmeetings to review BOD performance during thepreceding period and its plans for the immediate future.
THE BOARD OF DIRECTORS
Lautan Luas’ BOD is responsible for the Company’soverall performance and for compliance with all internalpolicies and applicable external regulations. The BODis also responsible for the implementation of strategiesto align current and future plans with the corporate vision.The BOD consists of five members and reports to theBOC. In 2010, the BOD held official meetings monthly,supplemented by frequent informal meetings throughoutthe year. The BOD also provides in-depth updates tothe BOC on a regular basis.
AUDIT COMMITTEE
The Audit Committee of PT LAUTAN LUAS Tbk wasformed by the Board of Commissioners on 31 March2003 to support and facilitate the BOC’s supervisoryfunction. The Company’s Audit Committee is composedentirely of independent parties who meet the qualificationsestablished by Bapepam-LK and chaired by anIndependent Commissioner of the Company. The AuditCommittee provides professional, independent opinions
Prinsip-prinsip Tata kelola Perusahaan yang Baik (GCG)selalu menjadi bagian integral dari falsafah manajemendan pijakan fundamental bagi PT LAUTAN LUAS Tbkdalam meraih pertumbuhan berkelanjutan. Prinsip-prinsipGCG tersebut telah memungkinkan Perseroan mengibarkandiri menjadi sebuah perusahaan distribusi dan manufakturbahan kimia terintegrasi yang terkemuka secara regional.Terdaftar sejak 1997 di Bursa Efek Indonesia, Perseroantelah memiliki seluruh perangkat normatif GCG yangdipersyaratkan oleh Bapepam-LK, termasuk Audit Internal,Komite Audit yang berada di bawah Dewan Komisaris,dan Komisaris Independen.
Praktek GCG Perseroan bersifat dinamis dan terusditingkatkan. Di tengah berbagai kesulitan akibat krisisekonomi yang melanda belakangan ini, prinsip - prinsipGCG telah memberikan kerangka kerja yang jelas bagimanajemen dan staf Perseroan untuk menyesuaikan diridan meningkatkan kompetensi guna menghadapi tantanganyang menghadang.
DEWAN KOMISARIS
Tugas Dewan Komisaris adalah memantau kinerjaPerseroan dan memberikan arahan kepada Direksi.Komunikasi formal antara Dewan Komisaris dan Direksidilakukan melalui pertemuan rutin untuk membahaskinerja Direksi pada periode sebelumnya dan rencanaDireksi untuk periode mendatang.
DIREKSI
Direksi Lautan Luas bertanggung jawab atas kinerjaPerseroan secara keseluruhan, juga atas kesesuaian denganseluruh kebijakan internal dan peraturan eksternal yangberlaku. Direksi bertanggung jawab pula atas penerapanstrategi untuk menyesuaikan dengan visi perusahaan rencanayang sedang maupun akan dijalankan. Direksi terdiri darilima orang dan bertanggung jawab kepada Dewan Komisaris.Pada 2010, Direksi menyelenggarakan pertemuan bulanan,ditambah berbagai pertemuan sepanjang tahun. Direksisecara berkala juga memberikan updates mendalam kepadaDewan Komisaris.
KOMITE AUDIT
Komite Audit PT LAUTAN LUAS Tbk dibentuk olehDewan Komisaris pada 31 Maret 2003 untuk mendukungdan memfasilitasi fungsi pengawasan Dewan Komisaris.Anggota Komite Audit Perseroan sepenuhnya berasaldari kalangan independen yang memenuhi kualifikasiBapepam-LK dan diketuai oleh seorang KomisarisIndependen. Komite Audit memberikan pendapatprofesional dan independen kepada Dewan Komisaris
34 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
HARI SLAMET WIDODOChairman of Audit Committee
Ketua Komite Audit
BUDHY KURNIAWAN RATULANGIMember of Audit Committee
Anggota Komite Audit
SJAHDARMA YUNIRMember of Audit Committee
Anggota Komite Audit
Hari Slamet Widodo Chairman of Audit Committee / Ketua Komite Audit
Budhy Kurniawan Ratulangi Member of Audit Committee / Anggota Komite Audit
Sjahdarma Yunir Member of Audit Committee / Anggota Komite Audit
Audit Committee of PT LAUTAN LUAS TbkKomite Audit PT LAUTAN LUAS Tbk
to the BOC on reports and/or other information presentedby the BOD, identifies matters that need the BOCattention, and carries out other assignments given bythe BOC.
The Audit Committee in 2010 is comprised of threeindependent members:
1. Hari Slamet Widodo, Chairman of Audit Committee2. Budhy Kurniawan Ratulangi, Committee Member3. Sjahdarma Yunir, Committee Member
Audit Committee Report:
In 2010, the Audit Committee conducted meetings todiscuss internal audit activity, compliance with Companyand statutory rules and regulations, and the externalauditor work plan and progress. The meetings wereattended by at least two of the three Audit Committeemembers, the Operations & Support Director, Head ofInternal Audit, and the Accounting Division Head andsupporting staff. Meetings with the External Auditor wereattended by the Audit Partner and Senior Manager.
The Audit Committee also reviewed and discussed theFinancial report before being released to the public andsubmitted to the Capital Markets and Financial InstitutionsSupervisory Agency (Bapepam–LK).
Based on the reports we have reviewed, meetings withthe Director and External Auditor, the Audit Committeein the opinion that operational controls and reporting bythe Company have been executed comprehensively andtruthfully.
atas laporan dan / atau informasi lain yang disampaikanoleh Direksi, mengidentifikasi permasalahan yangmemerlukan perhatian Dewan Komisaris, danmelaksanakan tugas-tugas lainnya yang diberikan olehDewan Komisaris.
Pada 2010 Komite Audit Perseroan terdiri dari tigaanggota yang semuanya independen:
1. Hari Slamet Widodo, Ketua Komite Audit2. Budhy Kurniawan Ratulangi, Anggota Komite3. Sjahdarma Yunir, Anggota Komite
Laporan Komite Audit:
Selama 2010, Komite Audit menyelenggarakan beberapakali pertemuan untuk membicarakan aktivitas audit internal,kesesuaian dengan peraturan / perundang-undangan danketentuan Perseroan, serta rencana dan kemajuan kerjaauditor eksternal. Pertemuan tersebut dihadiri oleh setidaknyadua dari tiga anggota Komite Audit, Direktur Operasionaldan Pendukung, Ketua Audit Internal, dan Kepala DivisiAkuntansi serta staf pendukung. Pertemuan dengan AuditorEksternal dihadiri oleh para Mitra Auditor dan Manajer Senior.
Komite Audit juga membahas dan membicarakanLaporan Keuangan sebelum diumumkan ke publik dandiserahkan ke Badan Pengawas Pasar Modal danLembaga Keuangan (Bapepam–LK).
Berdasarkan pengkajian berbagai laporan yang kamilakukan, pertemuan dengan Direksi dan AuditorEksternal, Komite Audit berpendapat bahwapengendalian operasional dan pelaporan oleh Perseroantelah dilakukan secara komprehensif dan benar.
Embracing The Community l 2010 Annual Report l 35
PT LAUTAN LUAS Tbk
Budhy is an Indonesian citizen, graduated from University of Toronto, Canada in 1977with a Bachelor of Commerce, and from 1982, a Certified Management Accountant(CMA) of the Society of Management Accountants, Canada. Budhy began his careerin Indonesia in 1985. He has held a number of key positions at major multinationals,such as Citibank, Mercantile Club, and Chase Manhattan Bank. Since 1994 he hasbeen an independent consultant for a number of companies in Indonesia. At presenthe is also an Audit Committee member for another Indonesian public company.
Budhy has been a member of the Company’s Audit Committee since 2002. As amember of the Company’s Audit Committee, Budhy reviews the Company’s practicesto ensure compliance with capital market and stock exchange rules and regulations.
BUDHY KURNIAWAN RATULANGIMember of Audit Committee l Anggota Komite Audit
Budhy adalah warga negara Indonesia, lulus dari University of Toronto, Kanada, pada1977 dengan gelar Bachelor of Commerce, dan sejak 1982, mendapat pengakuansebagai Certified Management Accountant (CMA) dari Perhimpunan ManajemenAkuntan, Kanada. Budhy mengawali karirnya di Indonesia pada 1985. Beliau pernahmenduduki berbagai posisi kunci di sejumlah perusahaan multinasional besar, seperti Citibank, Mercantile Club, dan ChaseManhattan Bank. Sejak 1994 beliau menjadi konsultan independen untuk sejumlah perusahaan di Indonesia. Saat ini beliaujuga menjadi anggota Komite Audit untuk perusahaan publik Indonesia lainnya.
Budhy telah menjadi anggota Komite Audit Perseroan sejak 2002. Sebagai, Anggota Komite Audit Perseroan, Budhy mengkajipraktek-praktek yang dilakukan Perseroan guna memastikan kesesuaiannya dengan ketentuan dan peraturan pasar modaldan bursa efek.
Sjahdarma is an Indonesian citizen, graduated from Lembaga Pendidikan PenerbanganUdara, Curug in 1972. Sjahdarma started his career with PT Sempati Air Transport,and between 1972 and 1984, he was a pilot for a number of Indonesian airlines.Thereafter, he held senior leadership roles in several Indonesian companies prior tojoining Lautan Luas, including: General Manager of PT Golden Gate (1986 to 1990),President Director of PT Dianmas Panatabumi (1991 to 1995), Director of PT UnggulIndah Cahaya Tbk (1995 to 2000), and Director of PT BDP Indonesia (2000 to 2008).
Sjahdarma has been member of the Company’s Audit Committee since 2007. As anAudit Committee member, Sjahdarma oversees and recommends measures to ensureGood Corporate Governance within the Company.
SJAHDARMA YUNIRMember of Audit Committee l Anggota Komite Audit
Sjahdarma adalah warga negara Indonesia, lulusan Lembaga Pendidikan PenerbanganUdara, Curug, pada 1972. Sjahdarma memulai karirnya di PT Sempati Air Transport,dan antara 1972 dan 1984, beliau menjadi pilot untuk sejumlah maskapai penerbanganIndonesia. Setelah itu, beliau memegang jabatan kepemimpinan senior di beberapaperusahaan Indonesia sebelum bergabung dengan Lautan Luas, termasuk sebagai General Manager pada PT Golden Gate(1986 - 1990), Direktur Utama PT Dianmas Panatabumi (1991 - 1995), Direktur PT Unggul Indah Cahaya Tbk (1995 - 2000),dan Direktur PT BDP Indonesia (2000 - 2008).
Sjahdarma telah menjadi anggota Komite Audit Perseroan sejak 2007. Sebagai anggota Komite Audit, Sjahdarma meninjaudan merekomendasikan tindakan untuk memastikan penerapan Tata Kelola Perusahaan yang Baik di Perseroan.
Non-Commissioner Member of the Audit CommitteeAnggota Komite Audit, Non-Komisaris
36 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
INTERNAL AUDIT
Internal Audit is an integral part of the Company’s internalcontrol mechanism. Among its main functions are togive constructive and consultative inputs to management,and to enhance the promotion of GCG best practices inthe Company’s internal policies and procedures.
During 2010, Internal Audit conducted reviews of severaldepartments within the Company as well as itssubsidiaries and affiliates. Reports are of these reviewsare submitted to the President Director. The InternalAudit team also conducted regular meetings with theAudit Committee to advise of the outcomes of its activitiesand coordinate implementation of the Company’s internalcontrol system. All recommendations are monitored toensure proper implementation by the appropriatedepartments or subsidiar ies and aff i l iates.
PUBLIC ACCOUNTANT
In the prior Annual General Meeting of the Shareholders,Purwantono, Suherman & Surja, a Public AccountantOffice affiliated with Ernst & Young Global was appointedto audit the Company’s accounting records for year2010. The appointment of PS&S was thereafter executedby the BOD with the approval of President Commissioneras authorized in the 2010 AGM.
Audit results for 2010 financial year state that LautanLuas’ consolidated financial report was presented fairlyand in conformity with generally accepted accountingprinciples in Indonesia.
CORPORATE SECRETARY
Lautan Luas has appointed a Corporate Secretary since1997. The Corporate Secretary’s function is to facilitatecommunication between the Company with itsshareholders, the capital market authority and financialregulators, and other stakeholders. The CorporateSecretarial team is also responsible to disseminate allrelevant information to the Company’s stakeholderstimely, accurately, and transparently.
ACCESS TO INFORMATION
It is Company policy to disclose information in a timelymanner. Lautan Luas provides access to essentialinformation by interested parties through its website(www.lautan-luas.com) and by direct mail. In addition,the Company also conducts regular meetings with themedia, investors, and other stakeholders.
AUDIT INTERNAL
Audit Internal merupakan bagian integral dari mekanismepengendalian internal Perseroan. Fungsi utama Audit Internalantara lain memberikan masukan konstruktif dan konsultatifkepada manajemen serta meningkatkan penerapan GCGbest practices dalam kebijakan dan prosedur internalPerseroan.
Sepanjang 2010, Audit Internal melakukan pengkajianterhadap beberapa departemen dalam Perseroan sertaanak perusahaan dan perusahaan afiliasinya. Laporandari kajian tersebut diserahkan kepada Direktur Utama.Tim Audit Internal juga melakukan pertemuan rutindengan Komite Audit untuk melaporkan hasil dariberbagai aktivitasnya dan mengkoordinasi penerapansistem pengendalian internal Perseroan. Seluruhrekomendasi tersebut dipantau guna memastikanpenerapannya secara benar oleh departemen atau anakperusahaan dan perusahaan afiliasi yang tepat.
AKUNTAN PUBLIK
Dalam Rapat Umum Pemegang Saham terdahulu,Purwantono, Suherman & Surja, Kantor Akuntan Publikyang terafiliasi dengan Ernst & Young Global terpilihuntuk mengaudit catatan akuntansi Perseroan untuktahun 2010. Penunjukan PS&S kemudian dilakukan olehDireksi dengan persetujuan Komisaris Utama sepertiyang diamanatkan oleh RUPS 2010.
Hasil Audit untuk tahun keuangan 2010 menyatakanbahwa laporan keuangan terkonsolidasi Lautan Luasdisajikan secara wajar, sesuai dengan prinsip-prinsipakuntansi yang berlaku umum di Indonesia.
SEKRETARIS PERUSAHAAN
Lautan Luas telah memiliki Sekretaris Perusahaan sejak1997. Fungsi Sekretaris Perusahaan adalah memfasilitasikomunikasi antara Perseroan dan para pemegangsaham, otoritas pasar modal dan regulator keuangan,serta para pemangku kepentingan lainnya. Tim SekretarisPerusahaan juga bertanggung jawab menyampaikanseluruh informasi yang relevan kepada pemangkukepentingan Perseroan secara tepat waktu, akurat, dantransparan.
AKSES INFORMASI
Adalah kebijakan Perseroan untuk menyampaikaninformasi secara tepat waktu. Lautan Luas menyediakanakses terhadap informasi yang penting bagi pihak-pihaktertentu melalui situs Perseroan (www.lautan-luas.com)dan surat langsung. Selain itu, Perseroan juga melakukanrapat rutin dengan media, investor, dan para pemangkukepentingan lainnya.
Embracing The Community l 2010 Annual Report l 37
PT LAUTAN LUAS Tbk
Risk ManagementManajemen Risiko
Business risk management is the identification,assessment, and prioritization of uncertainty on Companyobjectives, followed by coordinated, economicalapplication of resources to minimize, monitor, and controlthe probability and/or impact of unfortunate events. Riskscan come from uncertainty in financial markets, projectfailures, legal liabilities, credit risk, accidents, naturalcauses and disasters as well as from competitor actions.Risk management efforts mitigate such impacts on theCompany’s business activities to ensure that theCompany’s goals could be optimally attained.
In 2010, Lautan Luas continued the implementation ofproactive risk assessment measures initiated at theonset of the Global financial crisis to:• Closely monitor market volatility to better identify
business risks posed by the economic crisis;• Identify and analyze potential sources of risk, within
the Company, its subsidiaries and affiliates;• Adjust plans accordingly.
Business risks faced by Lautan Luas as an integratedchemical distribution and manufacturing company maycome from both outside and inside the Company. Inbrief, the risks are as follows:
• Risk Related to the Continuation of SupplyLautan Luas has distribution agreements with over100 principals, representing a significant portion ofits business as a distributor of basic and specialtychemicals. The Company’s ability to manage andmaintain these relationships has a direct effect onthe business.
To alleviate this risk, the Company continuouslystrives to improve its level of competence andprofessionalism in the distribution of its principles’products year after year. With improved performance,the Company will maintain better long-termrelationships with its principals as well as becomingthe preferred choice of potential new suppliers.
• Risk of Price FluctuationLautan Luas’ performance is affected by fluctuationsin the price of products it manufactures and distributes.To address this risk, the Company adopts a policy of
Manajemen risiko usaha adalah identifikasi, penilaian, danprioritisasi ketidakpastian pada tujuan Perseroan, diikutidengan penggunaan sumber daya secara ekonomis danterkoordinasi guna meminimalkan, memantau, danmengendalikan kemungkinan dan / atau dampak kejadianyang tak diinginkan. Risiko dapat berasal dari ketidakpastiandi pasar keuangan, kegagalan proyek, tuntutan hukum,risiko kredit, kecelakaan, kejadian dan bencana alam, sertatindakan para pesaing. Upaya manajemen risikodimaksudkan untuk mengurangi dampak tersebut padaaktivitas usaha Perseroan guna memastikan bahwa tujuanPerseroan dapat tercapai secara optimal.
Pada 2010, Lautan Luas terus menerapkan strategipenilaian risiko proaktif, yang telah dilakukan sejakterjadinya krisis keuangan Global untuk:• Memantau secara lekat volatilitas pasar agar dapat
mengidentifikasi dengan lebih baik risiko usaha akibatkrisis ekonomi;
• Melakukan identifikasi dan analisis potensi risiko, baikdi Perseroan, anak perusahan maupun perusahaanafiliasinya;
• Menyesuaikan rencana berdasarkan temuan yang ada.
Risiko usaha yang dihadapi Lautan Luas sebagai sebuahperusahaan distribusi dan manufaktur bahan kimiaterintegrasi yang terkemuka secara regional dapatberasal baik dari luar maupun dalam Perseroan. Secararingkas, risiko tersebut adalah sebagai berikut:
• Risiko Terkait Kesinambungan PasokanLautan Luas memiliki perjanjian distribusi denganlebih dari 100 prinsipal, yang menjadi bagian signifikandari usahanya sebagai distributor bahan kimia dasardan khusus. Kemampuan mengelola dan memeliharahubungan tersebut berdampak langsung terhadapusaha Perseroan.
Untuk mencegah risiko yang terkait kesinambunganpasokan, dari tahun ke tahun Perseroan berupayameningkatkan kompetensi dan profesionalismenyadalam mendistribusikan produk berbagai prinsipal.Dengan kinerja terus meningkat, Perseroan akandapat menjalin hubungan jangka panjang yang lebihbaik dengan para prinsipalnya serta menjadi distributorterpilih bagi para pemasok baru yang potensial.
• Risiko Fluktuasi HargaKinerja Lautan Luas dipengaruhi oleh fluktuasi hargaproduk yang dibuat sendiri dan didistribusikannya.Untuk mengatasi risiko ini, Perseroan mengadopsi
38 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
product diversification, favoring higher value addedspecialty chemicals where prices are generally morestable compared to those of basic chemicals.
In addition, the Company also monitors its levels ofinventory closely to favorably leverage projected pricefluctuations in the market.
• Competitive RiskLautan Luas continuously expands its product offeringwith the objective of becoming the supplier of choiceby meeting an ever growing portion of its customers’chemical needs - becoming effectively the preferred,“one-stop shop” supplier.
Lautan Luas has broad reach and depth of offering.It currently represents the products from over 100international principals, distributing over 1,000chemical products from the principals and its in-housemanufacturing to more than 2,000 industrial end-usercustomers. The Company considers its broad productoffering as a strong advantage over the competition.
• Technological RiskTechnology, especially information technology, isevolving rapidly. T h e C o m p a n y m a k e scontinuous investments in technology to keep upwith the latest developments, enabling it to providethe best solutions and service to its customers. Tokeep abreast of changes in the market, the Companyconducts regular seminars with its principals to identifythe latest developments in product technologies andchanging customer expectations.
• Environmental RiskLautan Luas continuously implements a rigorousenvironmental monitoring system at its manufacturingplants, distribution facilities, and waste processingsystems. All of its manufacturing subsidiaries complywith regulatory requirements for the environment.The Company also implements strict safety, health,and environmental standards for employees in all itsmanufacturing facilities.
Currently, most of the Company’s subsidiaries havebeen awarded with ISO 14001 and OHSAS 18001certifications. During 2010, PT Lautan Sulfamat Lestarireceived three certifications:ISO 9001 : 2008, ISO 14001 : 2004, andOHSAS 18001 : 2007.
kebijakan diversifikasi produk, meningkatkan proporsipenjualan bahan kimia khusus bernilai tambah lebihtinggi yang harganya secara umum lebih stabildibanding bahan kimia dasar.
Selain itu, Perseroan juga memantau secara lekattingkat persediaannya sehingga dapat memanfaatkansecara baik fluktuasi harga yang terjadi di pasar.
• Risiko PersainganLautan Luas terus memperluas rentang produk yangditawarkan sehingga menjadi pemasok pilihan,memenuhi porsi yang lebih besar dari kebutuhanbahan kimia pelanggan - secara efektif menjadipemasok “one-stop shop” terpilih.
Lautan Luas menawarkan rentang produk yang luasdan dalam. Saat ini Perseroan mendistribusikan mewakililebih dari 100 prinsipal internasional, mendistribusikanlebih dari 1.000 produk kimia, baik yang berasal dariprinsipal maupun hasil produksi sendiri ke lebih dari2.000 pelanggan industri. Perseroan yakin, luasnyarentang produk yang ditawarkan merupakan sebuahkelebihan besar dibanding para pesaing.
• Risiko TeknologiTeknologi, terutama teknologi informasi, berkembangsangat cepat. Perseroan terus melakukan investasi dibidang teknologi untuk mengikuti perkembangan terkini,sehingga memungkinkannya memberikan solusi danlayanan terbaik kepada para pelanggan. Untuk mengikutiperubahan pasar, Perseroan menyelenggarakan seminarrutin dengan para prinsipal guna mengidentifikasiperkembangan terkini terkait teknologi produk danekspektasi pelanggan yang terus berubah.
• Risiko LingkunganLautan Luas senantiasa menerapkan sistempemantauan lingkungan yang ketat di pabrik, fasilitasdistribusi, dan sistem pengolahan limbahnya. Seluruhanak perusahaan Perseroan di bidang manufaktur telahmemenuhi semua peraturan yang terkait lingkungan.Perseroan juga telah menerapkan standar keamanan,kesehatan, dan lingkungan yang ketat bagi seluruhkaryawan di segenap fasilitas produksinya.
Saat ini, sebagian besar anak perusahaan Perseroantelah mendapat sertifikasi ISO 14001 dan OHSAS18001. Pada 2010, PT Lautan Sulfamat Lestarimenerima tiga sertifikasi:ISO 9001:2008, ISO 14001:2004, danOHSAS 18001:2007.
Embracing The Community l 2010 Annual Report l 39
PT LAUTAN LUAS Tbk
• Economic RiskLautan Luas’ business performance is dependent onits industrial end-users’ business performance. Aneconomic slowdown can therefore negatively affectthe Company’s performance as demand typicallyweakens at that time.
However, the strategy of diversification in productsand industries served by the Company, and growthin the number of its principals and customers, mitigatesthis risk. In addition, in recent years the Companyhas also moved to increase its regional sales toreduce dependence on the Indonesian economy.
• Foreign Exchange RiskThe Company has long adopted the conservativeprinciple of hedging its foreign exchange exposurewhere deemed necessary with products provided byreputable financial institutions. In addition, Sales arenow primarily denominated in USD, matching theprincipal inputs to Cost of Sales.
• Human Resources RiskThe ability of a company to flourish, grow anddifferentiate itself from the competition is determinedby, among other factors, its capability to attract, retainand nurture its human resources.
Lautan Luas considers its human resource to be itsmost valuable asset. In this respect, the Companyinvests heavily in the continuing education ofpersonnel at all levels while striving to be ahead ofthe market in its remuneration policy. In addition, theCompany endeavors to create a culture of a learningorganization to leverage the best within each of itsemployees. Commitment to these qualities hasenabled the Company to achieve a strategic transitionof its sales portfolio to a greater proportion of highervalue added specialty chemicals.
• Risiko EkonomiKinerja usaha Lautan Luas sangat dipengaruhi olehkinerja industri akhir yang menjadi pelangganPerseroan. Dengan demikian, kelesuan ekonomidapat berpengaruh negatif terhadap kinerja Perseroankarena melemahnya permintaan.
Tetapi, strategi diversifikasi produk maupun industriyang dilayani oleh Perseroan, serta pertumbuhanjumlah prinsipal dan pelanggan, mengurangi risikoini. Selain itu, dalam beberapa tahun terakhir iniPerseroan juga telah berhasil meningkatkan penjualanregionalnya sehingga mengurangi ketergantunganterhadap perekonomian Indonesia.
• Risiko Nilai TukarPerseroan telah sejak lama menganut prinsip konservatifdalam lindung-nilai terhadap paparan valuta asing yangdianggap perlu dengan berbagai produk yang ditawarkanlembaga keuangan bereputasi tinggi. Selain itu, saat iniPenjualan Perseroan terutama juga dalam USD, padandengan input utama Harga Pokok Penjualan.
• Risiko Sumber Daya ManusiaKemampuan sebuah perusahan untuk tumbuh,berkembang, dan mendiferensiasi diri dari parapesaing ditentukan oleh, antara lain, kemampuannyadalam menarik, mempertahankan, dan meningkatkansumber daya manusia (SDM)-nya.
Lautan Luas menganggap SDM sebagai aset Perseroanyang paling berharga. Karena itu, Perseroan tak seganmelakukan investasi besar untuk pendidikan berkelanjutanbagi seluruh karyawan Lautan Luas seraya berupayamemberikan kebijakan remunerasi yang baik. Selain itu,Perseroan berupaya pula menciptakan budaya sebuahorganisasi pembelajar, guna menampilkan kemampuanterbaik seluruh dan setiap karyawannya. Komitmen yangtinggi terhadap hal ini telah memungkinkan Perseroanmeraih keberhasilan melakukan peralihan strategisportofolio penjualannya, meningkatkan proporsi bahankimia khusus yang bernilai tambah tinggi.
42 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
Corporate Social ResponsibilityTanggung Jawab Sosial Perusahaan
Lautan Luas' corporate social responsibility programsupports a wide range of projects and activities. Theprogram demonstrates how engaging communitystakeholders not only supports corporate goals andresponsibility, but also encourages nonprofit organizationsto promote social change in a positive and sustainableway. Lautan Luas supports several major corporatesocial responsibility initiatives, including:
l Alleviating poverty in Indonesia, this programseeks to eliminate sub standard housing andhomelessness in Indonesia and to make decentshelter a matter of conscience and action.
Volunteerism
In addition to financial support of specific CSRprograms, Lautan Luas encourages participation byemployees of all ages. In this regard, our employeespartner with non-profit organizations in many activities,including the building of decent, affordable housing.The Lautan Luas volunteer program welcomes allwho want to make a difference by picking up ahammer and helping to change lives.
Program tanggung jawab sosial perusahaan (CSR) LautanLuas dirancang untuk membantu berbagai proyek dan aktivitas.Program ini menunjukkan bagaimana keterlibatan komunitasterkait bukan hanya membantu tercapainya tujuan dantanggung jawab perusahaan, melainkan juga mendorongkalangan organisasi nirlaba untuk mempromosikan perubahansosial secara positif dan berkelanjutan. Selama ini, LautanLuas telah membantu berbagai inisiatif besar CSR, termasuk:
l Pengentasan kemiskinan di Indonesia, programini dimaksudkan untuk menghapus keberadaanperumahan substandar dan masalah ketunawismaandi Indonesia serta membangun tempat tinggal yang layaksebagai sebuah kesadaran dan tindakan nyata.
Sukarelawan
Selain bantuan keuangan spesifik dari program CSR,Lautan Luas juga mendorong partisipasi seluruh karyawanPerseroan. Di sini, karyawan kami bermitra denganberbagai organisasi nirlaba dalam beragam aktivitas,termasuk pembangunan perumahan yang layak danterjangkau. Program sukarelawan Lautan Luas menerimabaik semua pihak yang ingin membuat perbaikan denganmengayun palu, membantu mengubah nasib masyarakatyang kurang beruntung.
Rebuilding Together :31 July 2010,PT LAUTAN LUAS TbkEvent at Karang Tengah,Babakan Madang, Bogor.
Bersama Membangun Kembali:31 Juli 2010,PT LAUTAN LUAS TbkKegiatan tersebut bertempat di Karang Tengah,Babakan Madang, Bogor.
Embracing The Community l 2010 Annual Report l 43
PT LAUTAN LUAS Tbk
l Clean water, this program focuses on the need forclean water that arises from natural disasters and indisadvantaged areas. Lautan Luas helps by providingclean water through the installation of water purificationunits. The purified water installations serve more than6,000 people per day in disaster and disadvantagedareas.
Mt. Merapi Eruption Disaster Response Program
On October 30, 2010, Lautan Luas sent a waterpurification unit to the disaster shelter areas inYogyakarta.One more unit was delivered in mid-November 2010.This Lautan Luas program aims to provide cleanwater for the victims / evacuees in the disaster areas. We expect to serve more than 20,000 people a day.Lautan Luas budgeted Rp 150 million to cover theoperational expenses to run two water purificationunits for three months. The covered expensesincluded diesel fuel, operators, chemical & filter bagconsumables.
l Air bersih, program ini fokus pada kebutuhanmendesak akan air bersih di kawasan yang terkenabencana alam dan daerah lain yang kesulitan air. LautanLuas memberikan bantuan dengan menyediakan airbersih melalui pemasangan unit pemurnian air. Instalasipemurnian air ini dapat melayani lebih dari 6.000 orangper hari di daerah bencana dan sulit air.
Program tanggap Letusan Gunung Merapi
Pada 30 Oktober 2010, Lautan Luas mengirim unitpemurnian air ke daerah pengungsian di Yogyakarta.Satu unit lainnya dikirim pada pertengahan November2010. Program Lautan Luas yang satu ini ditujukanuntuk menyediakan air bersih bagi korban / pengungsidi daerah bencana. Kami berharap dapat melayanilebih dari 20.000 orang per hari. Lautan Luasmenganggarkan Rp 150 juta guna menutup biayaoperasional buat menjalankan dua unit pemurnianair tersebut selama tiga bulan. Biaya yang ditanggungtermasuk solar, operator, bahan habis pakai sepertibahan kimia & kantong filter untuk penyaringan.
Rebuilding Together :9 October 2010,Lautan Luas employees joined local residents in a program for thesub-district of Babakan Madang, Sentul.Fifty participants laid foundations of river rock and cement to buildfour houses.
9 Oktober 2010,Karyawan Lautan Luas bergabung dengan penduduk setempat diBabakan Madang, Sentul.Lima puluh peserta meletakkan dasar-dasar bangunan dan semenuntuk membangun empat rumah.
44 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
l Other programs, include:
l Lautan Luas Disaster Response
Provides help for Indonesian communitiesimpacted by disasters. This program extendsLautan Luas corporate giving by matchingemployee donations earmarked for natural disasterareas in Indonesia.
l Program-program lain, termasuk:
l Tanggap Bencana Lautan Luas
Memberikan bantuan kepada komunitas Indonesiayang terkena dampak bencana. Program inimemperluas pemberian bantuan Lautan Luasdengan menyamai jumlah setiap donasi yangdiberikan para karyawan bagi daerah-daerah yangterkena bencana alam di Indonesia.
l Subsidiary Programs
Lautan Luas subsidiaries are encouraged to developand pursue their own CSR programs appropriate tothe needs of the communities in which they are based.For example, in 2010 PT Liku Telaga implementeda broad range of activities including distribution ofbasic food necessities and qorban to the needy,organizing a blood donor program, support of thevictims of the eruption of Mt. Merapi, mosquitomitigation, public areas cleanup, and support of thepolice infrastructure needs.
l Program-program Anak Perusahaan
Kalangan anak perusahaan Lautan Luas didorong untukmengembangkan dan melaksanakan program-programCSR mereka sendiri, sesuai dengan kebutuhankomunitas tempat mereka berkiprah. Sebagai contoh,pada 2010 PT Liku Telaga menjalankan sejumlahkegiatan, termasuk distribusi kebutuhan pangan dasardan qurban untuk mereka yang membutuhkan,mengorganisasi program donor darah, membantu korbanletusan Gunung Merapi, membantu penanggulangannyamuk, membersihkan kawasan publik, dan membantukebutuhan infrastruktur kepolisian.
Thank you Kompas,21 December 2010 :Lautan Luas matched employeedonations for the Mentawai & WasiorDisaster Response Program.We’ll pass half of the funds through Habitatfor Humanity for Mentawai DisasterProject,and the rest through the Dana YayasanKompas for Wasior Disaster Project
Terima kasih Kompas,21 Desember 2010 :Lautan Luas menyamai jumlah donasikaryawan yang telah terkumpul danbersama-sama menyumbangkannyauntuk Program Tanggap BencanaMentawai & Wasior. Kami menyalurkanseparuh dana yang terkumpul melaluiProyek Bantuan Bencana Habitat untukKemanusiaan Mentawai, dan sisanyamelalui Dana Yayasan Kompas untukProyek Bantuan Bencana Wasior.
Embracing The Community l 2010 Annual Report l 45
PT LAUTAN LUAS Tbk
l Recognition of Accident Free Operations
An additional and important area in which LautanLuas and subsidiaries respect the integrity of ourcommunity and workplace environments is byadhering to the highest standards of safemanufacturing practices; we were recognized in2010 by industry and supplier monitoring bodiesfor our achievements in this area.
l Penghargaan atas Kecelakaan Nihil
Hal penting lain yang menunjukkan penghargaanLautan Luas dan anak-anak perusahaannyakepada integritas komunitas dan lingkungankerjanya adalah penerapan standar tertinggi safemanufacturing practices; pada 2010 kamimendapat pengakuan dari berbagai lembagapemantauan industri dan pemasok ataspencapaian kami di bidang ini.
46 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
Management Discussion and AnalysisPembahasan dan Analisa Manajemen
GENERAL
The global economy recovery is gathering momentum. In2010, the US delivered a 2.1% increase in GDP followinga 3.2% drop in 2009 and China, the second global economy,recorded a World leading GDP growth of 9%. Privateconsumption, which fell sharply during the crisis, started togain a foothold in the major advanced economies. Conditionsacross the emerging economies, including Indonesia whichgrew by 6.1%, remained robust buoyed by well-entrenchedprivate demand, still-accommodative policy stances, andresurgent capital inflows.
By several important measures, 2010 was a good year forIndonesia and therefore, for Lautan Luas:l Unemployment declined from 7.9% in 2009 to 7.1% in
2010.l Cumulatively for 2010, the total investment realized
from both foreign and domestic sources was Rp 208.5trillion, a 54.2% increase compared to 2009 and 30.2%above the government’s target.
l Although 2010 annual inflation was 6.9%, the base-lending rate (SBI) established by the Central Bankremained stable at 6.5%. The year-end Rupiah rate vs.the USD strengthened by 4% in December 2010 andby 13% on average daily basis. Inflation increased inthe second half of 2010, reaching 6.96% for the year.
Key elements of the Lautan Luas environment:l Domestic: volume increased by more than 20% with
chemicals sold to the water treatment, food, and paperindustries leading the growth.
l Regional: growth led by China and Thailand which morethan doubled its volume, albeit on a small base.
l Market Conditions:m Supply is tight in some chemicals, and demand
stronger than expected.m Unpredictable, fluctuating crude oil prices represent
a wild card.m China products are less competitive due to
strengthening of the RMB, energy supply constraints,increasing labor costs and pressure to reduceenvironmental pollution.
m Overall, import duties are lower driven by free tradetreaties among China and ASEAN in 2010; however,in 2011 Indonesia plans to tighten its monitoring ofimports to control dumping practices.
TINJAUAN UMUM
Pemulihan ekonomi global sedang memperoleh momentumnya.Pada 2010, Amerika Serikat (AS) meraih pertumbuhan PDB2,1%, setelah mengalami penurunan 3,2% pada 2009 dan Cina,perekonomian kedua terbesar dunia, mencatat pertumbuhanPDB tertinggi, 9%. Konsumsi swasta, yang merosot tajam selamakrisis, mulai beranjak naik di berbagai negara maju utama. Kondisidi negara berkembang, termasuk Indonesia yang tumbuh 6,1%,tetap kuat didukung oleh permintaan swasta yang tetap tinggi,kebijakan pemerintah yang tetap akomodatif, dan arus masukmodal kembali meningkat.
Dilihat dari beberapa parameter penting, 2010 adalah tahun yangbaik bagi Indonesia demikian juga bagi Lautan Luas:l Tingkat pengangguran menurun dari 7,9% pada 2009
menjadi 7,1% pada 2010.l Secara kumulatif, untuk 2010 jumlah investasi yang
direalisasikan baik dari sumber asing maupun domestikmencapai Rp 208,5 triliun, meningkat 54,2% dibandingpada 2009 dan 30,2% di atas target pemerintah.
l Meski pada 2010 tingkat inflasi mencapai 6,9%, acuandasar tingkat suku bunga (SBI) yang ditetapkan BankSentral tetap stabil pada 6,5%. Nilai Konversi Rupiahakhir tahun terhadap USD menguat 4% pada Desember2010 dan 13% secara rata-rata harian. Inflasi meningkatpada semester II/2010, mencapai 6,96% untuk tahuntersebut.
Elemen-elemen penting untuk lingkup usaha Lautan Luas:l Domestik: volume penjualan meningkat lebih dari 20%,
terutama didorong oleh pertumbuhan penjualan bahankimia untuk industri pengolahan air, makanan, dan kertas.
l Regional: terjadi pertumbuhan, didorong oleh pasar Cinadan Thailand, yang bertumbuh dua kali lipat, walau daribasis yang kecil.
l Kondisi Pasar:m Pasokan beberapa bahan kimia cukup ketat, dan
permintaannya lebih tinggi dari perkiraan.m Harga minyak bumi berfluktuasi, menjadi sulit
diprediksi.m Berbagai produk Cina menjadi kurang kompetitif
akibat penguatan nilai RMB, terbatasnya pasokanenergi, peningkatan biaya buruh dan tekanan untukmengurangi polusi lingkungan.
m Secara keseluruhan, bea masuk lebih rendah karenapemberlakuan perjanjian perdagangan bebas antaraCina dan ASEAN sejak 2010; tetapi, pada 2011 Indonesiaberencana memperketat pemantauan terhadap imporguna mengendalikan berbagai praktek dumping.
Embracing The Community l 2010 Annual Report l 47
PT LAUTAN LUAS Tbk
l Lautan Luas acquired a distribution license to operatein Vietnam, setting the stage for a significant expansionof operations in the future. Some existing Principalshave appointed the Company as their distributor inThailand and Vietnam.
l Added new Principals to broaden our offerings to thepaper, water treatment, plastic, and food industries.
FINANCIAL PERSPECTIVE
After careful navigation of the global crisis, PT LAUTANLUAS Tbk achieved a respectable performance in 2010,delivering positive growth in Revenue and Net Income overthe prior year. As most sales are USD denominated, thestrengthening Rupiah vis-à-vis the USD deflates the reportedRupiah Revenue figure; however because Cost of Salesare also largely USD denominated, it provides an inherenthedge to currency fluctuations.
Revenue from Sales, Commission and Services
Revenue from Sales, Commission and Services increasedby 4.1% over 2009, from Rp 3.7 trillion to Rp 3.9 trillion.
2010 volume growth of more than 20% was achievedprimarily in chemicals for the industrial water treatment,food, and paper industries.
The majority of Lautan Luas Revenue arises from the saleof specialty chemical products from our principals(Distribution segment), which have relatively stable USDdenominated prices; however, when restated in theweakening USD environment of the last year, the Rupiahprices are effectively deflated. Within the generalenvironment of stable USD pricing, there were exceptions,for example: the price of MOP declined, while Sulfurincreased. The projected trend for 2011 is for increasesacross all products due to pressure from increasing oilprices, which have nearly reached the pre crisis highs -currently at US$ 102/barrel (Q12011).
l Lautan Luas mendapat izin untuk beroperasi sebagaidistributor di Vietnam, hal ini memberi pijakan untukekspansi usaha yang signifikan di masa depan.Beberapa Prinsipal yang ada telah menunjuk Perseroansebagai distributor mereka di Thailand dan Vietnam.
l Menambah Prinsipal baru untuk memperluas jenisproduk yang ditawarkan ke industri kertas, pengolahanair, plastik, dan makanan.
PERSPEKTIF KEUANGAN
Meningkatkan kehati-hatian ketika krisis global melanda,PT LAUTAN LUAS Tbk meraih kinerja yangmembanggakan pada 2010, membukukan pertumbuhanpositif baik dalam Pendapatan dan Laba Bersih dibandingpada tahun sebelumnya. Karena sebagian besar penjualandidenominasi USD, penguatan nilai Rupiah terhadap USDmenurunkan Pendapatan yang disajikan dalam mata uangRupiah. Tetapi, karena Harga Pokok Penjualan sebagianbesar juga dalam USD, hal ini memberikan lindung-nilaiyang inheren terhadap f luktuasi mata uang.
Pendapatan dari Penjualan, Komisi dan Jasa
Pendapatan dari Penjualan, Komisi dan Jasa meningkat 4,1%dibanding pada 2009, dari Rp 3,7 triliun menjadi Rp 3,9 triliun.
Pertumbuhan volume penjualan pada 2010 yang lebih dari20% terutama diraih berkat peningkatan penjualan bahankimia untuk industri pengolahan air, makanan, dan kertas.
Sebagian besar Pendapatan Lautan Luas berasal daripenjualan produk-produk kimia khusus dari para prinsipal(segmen Distribusi), yang harganya relatif stabil dalamUSD; tetapi, ketika melemahnya nilai USD, harga dalamRupiah secara efektif melemah. Secara umum harga dalamUSD adalah stabil, ada beberapa pengecualian, misalnya:harga MOP menurun, sementara Sulfur meningkat.Perkiraan tren untuk 2011 adalah terjadinya peningkatanpada semua produk karena tekanan harga minyak yangmeningkat, yang telah hampir mencapai harga pra-krisis- saat ini US$102/barrel (Kuartal1/2011).
Pendapatan Lautan Luas 2010 vs 2009In Billion Rupiah / Dalam Miliar Rupiah
Lautan Luas Revenue 2010 vs 2009
Business SegmentDistributionManufacturingSupport and ServicesTotal Revenue
Segmen UsahaDistribusi
ManufakturPendukung dan JasaJumlah Pendapatan
Rp 2.266Rp 1.185Rp 296Rp 3.747
60%32%
8%100%
2009Rp 2.288Rp 1.222Rp 392Rp 3.902
59%31%10%
100%
2010
48 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
The growth of the Support & Service segment Revenueis split between an increase in the logistics business inIndonesia and a first time expansion of services toRegional customers.
Pertumbuhan Pendapatan segmen Pendukung & Jasaterbagi antara peningkatan dalam bisnis logistik diIndonesia dan ekspansi awal usaha jasa kepadapelanggan Regional.
% of TotalSales / Pendapatan
DomesticRegional
% Growth /Pertumbuhan
-2 2
2009
8218
2010
8020
The increased portion of sales from regional customers isdue to the growth of the China & Vietnam operations.Further growth from both sources is envisioned for thefuture based on market penetration and the developmentof a distribution business in the latter.
Gross Profit
Peningkatan penjualan dari para pelanggan regionalberasal dari pertumbuhan usaha di Cina & Vietnam.Pertumbuhan lebih lanjut dari kedua kawasan ini dimasa depan dapat diperkirakan dari penetrasi pasarnyadan perkembangan usaha distribusi di Vietnam.
Laba Kotor
In Billion Rupiah / Dalam Miliar RupiahLautan Luas Gross Profit 2010 vs 2009 Laba Kotor Lautan Luas
DistributionManufacturingSupport and ServicesTotal Gross Profit% of Revenue
DistribusiManufaktur
Pendukung dan JasaJumlah Laba Kotor
% Pendapatan
2009Rp 240Rp 241Rp 85Rp 566
15
2010Rp 258Rp 256Rp 109Rp 623
16
In 2010, the Company’s Gross Profit Margin increased to16% or Rp 623 billion from Rp 566 billion or 15% in thepreceding year. The increase in gross profit over 2009reflects a more stable environment vs. the volatility of theprevious year. Additionally, growth in output from theCompany’s manufacturing plants also contributed thefavorable increase of Gross Profit by improving overheadabsorption.
Income from Operations
Pada 2010, Marjin Laba Kotor Perseroan meningkat menjadi16%, yaitu Rp 623 miliar dari Rp 566 miliar atau 15% padatahun sebelumnya. Peningkatan laba kotor dibanding 2009mencerminkan lingkungan usaha yang lebih stabil versusvolatilitas pada tahun sebelumnya. Selain itu, pertumbuhanoutput dari pabrik Perseroan juga menyumbang peningkatanlaba kotor yang cukup tinggi dengan meningkatnyaperbaikan overhead.
Laba Usaha
By limiting from the year-to-year Operating Expenseincrease to 5.9% while Gross Profit Margin rose by 9.9%,Income from Operations as a % of Revenue strengthenedto 4.3%. As a consequence, Income from Operationsincreased by 22.7% to Rp 168 billion.
EBITDA
EBITDA which excludes foreign exchange gains orlosses, interest, depreciation, and tax increased by 11%in 2010 to Rp 315 billion compared to Rp 283 billion in2009.
Dengan membatasi peningkatan Beban Usaha daritahun ke tahun menjadi 5,9% sementara Marjin LabaKotor meningkat 9,9%, Laba Usaha sebagai persentasePendapatan menguat jadi 4,3%. Akibatnya, Laba Usahameningkat 22,7% menjadi Rp 168 miliar.
EBITDA
EBITDA yang tidak termasuk laba atau rugi kurs, bunga,penyusutan, dan pajak meningkat 11% pada 2010menjadi Rp 315 miliar dibanding Rp 283 miliar pada2009.
2009In Billion Rp / Dalam Miliar Rp
1373.7% of Revenue / dari Pendapatan
2010In Billion Rp / Dalam Miliar Rp
1684.3% of Revenue / dari Pendapatan
Embracing The Community l 2010 Annual Report l 49
PT LAUTAN LUAS Tbk
During the year, the Rupiah progressively strengthened by4.4% against the USD (based on ending rate of the period),leading to a favorable Foreign Exchange Gain of Rp 33 billion:
Selama 2010 tersebut, Rupiah secara progresif menguat 4,4%terhadap USD (berdasarkan kurs pada akhir periode),memberikan Laba atas Selisih Kurs Rp 33 miliar:
Forex Exchange Gain (Loss)Laba (Rugi) Selisih KursIn Billion Rp / Dalam Miliar RpYear End / Akhir TahunUSD:IDR rate / kursYear on Year Change /Perubahan Tahun ke Tahun
2008(175)
10,950
200978
9,400
14.2%
201033
8,991
4.4%
Net Income Laba Bersih
Earnings from Operations were offset by a lower foreignexchange gain effect and an increased deduction for minorityshareholdings compared with 2009, yielding Net Incomemarginally up by 1.2%.
Some 2010 projects under construction will commenceoperation in 2011, strengthening sales, operating income, andnet profit. The projects are Indonesia Ethanol Industry, TarunaBina Sarana, Liku Telaga, and Kujang Tirta Sarana. In additionimprovements will come from the water treatment, Vietnammanufacturing, regional distribution, and logistics businesses.
Total Assets
In 2010, Lautan Luas’ Assets increased by 17%, from Rp3,081 billion to Rp 3,591 billion. The increase is spread evenlyacross Receivables, Inventories, and Fixed Asset investments,offset in part by a reduction in Cash.
Total Liabilities
The Company’s Total Liabilities also experienced an increaseby 21%, from Rp 2,125 billion to Rp 2,571 billion. The changewas due to increased bank borrowings, short term and longterm, to fund the working capital and new manufacturinginvestments in support of the strategy of growth.
Total Stockholders’ Equity
As of the end of 2010, the Company’s Total Stockholders’Equity increased by 7.2%, to Rp 818 billion from the 2009 totalof Rp 763 billion. The increase is due to the Retained Earningsfrom 2010 Net Income, net of the dividend declared and paidon 2009 results.
The Lautan Luas share price closed at Rp 800 on 31 December2010, up by 6.6% from the prior year reflecting a stable outlookfor the Company and environment going forward.
Laba Usaha, karena laba kurs yang lebih rendah danmeningkatnya bagian untuk pemegang saham minoritasdibanding pada 2009, menghasilkan Laba Bersih yang sedikitmeningkat 1,2%.
Beberapa proyek yang pada 2010 masih dalam pembangunanakan mulai beroperasi pada 2011, memperkuat penjualan,laba usaha, dan laba bersih. Proyek-proyek tersebut adalahIndonesia Ethanol Industry, Taruna Bina Sarana, Liku Telaga,dan Kujang Tirta Sarana. Selain itu, juga akan ada peningkatandari usaha terkait pengolahan air, manufaktur di Vietnam,distribusi regional, dan usaha logistik.
Jumlah Aset
Pada 2010, Aset Lautan Luas meningkat 17%, dari Rp 3.081miliar menjadi Rp 3.591 miliar. Peningkatan ini merata padaPiutang, Persediaan, dan Investasi Aset Tetap, diimbangisebagian oleh penurunan Kas.
Jumlah Kewajiban
Jumlah Kewajiban Perseroan juga mengalami kenaikan sebesar21%, dari Rp 2.125 miliar menjadi Rp 2.571 miliar. Perubahanini disebabkan oleh peningkatan hutang bank, baik jangkapendek maupun jangka panjang, untuk mendanai modal kerjadan investasi pabrik baru guna mendukung strategipertumbuhan.
Jumlah Ekuitas Pemegang Saham
Pada akhir 2010, Jumlah Ekuitas Pemegang Saham Perseroanmeningkat 7,2%, menjadi Rp 818 miliar dari Rp 763 miliarpada 2009. Peningkatan ini karena Saldo Laba dari LabaBersih pada 2010, setelah dikurangi dividen yang dinyatakandan dibayarkan dari hasil yang diraih pada 2009.
Harga saham Lautan Luas ditutup pada Rp 800 pada 31Desember 2010, meningkat 6,6% dari tahun sebelumnya,mencerminkan prospek Perseroan dan lingkungan usaha yangstabil di masa depan.
2009In Billion Rp / Dalam Miliar Rp
862% of Revenue / dari Pendapatan
2010In Billion Rp / Dalam Miliar Rp
872% of Revenue / dari Pendapatan
50 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
Internal Operation PerspectivePerspektif Operasional Internal
Lautan Luas began doing business in 1951 as an importerand distributor of basic chemicals, primarily for the batikand food industries in Indonesia. Today, it engages abroad spectrum of industrial customers through threecore business segments: Distribution, Manufacturing,and Support & Services. The three segments are knittogether to present an integrated profile to the Company’scustomer base.
The Distribution and Manufacturing segments focus,respectively, on specialty and basic chemicals with thefollowing generalized profile:
• Distribution
From its humble beginnings as a basic chemicaldistribution company, Lautan Luas has successfullydeveloped into an integrated distribution operation.The Company offers a wide range of chemicalproducts to meet the diverse needs of its industrialend-users, creating a competitive advantage in itsmarkets.
Lautan Luas works with over 100 internationalprincipals to distribute more than 1,000 of theirproducts to customers in the Indonesian and regionalmarkets. In support of its Jakarta headquarters, theCompany operates five branches and sixrepresentative offices across Indonesia to maximizethe reach of its domestic market distribution network.The Company’s Singapore office oversees distributionin the regional markets, supported by marketingoffices in China, Thailand, and Vietnam. Currently,the distribution network serves more than 2,000industrial end-users throughout Indonesia and theAsia-Pacific Region.
In 2010, the Company’s distribution businesscontributed 59% of Total Revenue, 86% is from thedomestic market and 14% from regional markets.
Lautan Luas mulai menjalankan usahanya pada 1951sebagai importir dan distributor bahan kimia dasar,terutama untuk industri batik dan makanan di Indonesia.Saat ini, Perseroan telah merambah spektrum pelangganindustri yang luas melalui tiga segmen usaha inti:Distribusi, Manufaktur, dan Pendukung & Jasa. Ketigasegmen ini terajut erat memberikan profil yang terintegrasikepada basis pelanggan Perseroan.
Segmen Distribusi dan Manufaktur terfokus, masing-masing, pada bahan kimia khusus dan dasar denganprofil umum seperti berikut:
• Distribusi
Dari awal yang sederhana sebagai perusahaandistribusi kimia dasar, Lautan Luas telah berhasilmengibarkan diri menjadi sebuah perusahaandistribusi terintegrasi. Perseroan menawarkanberbagai produk kimia untuk memenuhi beragamkebutuhan pelanggan industrinya, menciptakankeunggulan kompetitif di pasar.
Lautan Luas menjalin kerjasama lebih dari 100prinsipal internasional untuk mendistribusikan lebihdari 1.000 produk mereka kepada para pelanggandi pasar Indonesia dan regional. Guna mendukungkantor pusat Jakarta, Perseroan mengoperasikanlima kantor cabang dan enam kantor perwakilan diseluruh Indonesia guna memaksimalkan jangkauanjejaring distribusi pasar domestik. Kantor RegionalSingapura mengawasi distribusi di pasar regional,didukung oleh kantor pemasaran di Cina, Thailand,dan Vietnam. Saat ini, jejaring distribusi kami melayanilebih dari 2.000 pelanggan industri di seluruhIndonesia dan kawasan Asia-Pasifik.
Pada 2010, usaha distribusi Perseroan menyumbang59% dari Jumlah Pendapatan, 86% berasal daripasar domestik dan 14% dari pasar regional.
Embracing The Community l 2010 Annual Report l 51
PT LAUTAN LUAS Tbk
• Manufacturing
Lautan Luas launched its manufacturing business in1969, with the establishment of Indonesia’s first privatesector sulfuric acid plant. Since then, the Company’smanufacturing has grown into a sizeable business withstakes in seventeen production facilities in Indonesia,three in China, and one in Vietnam. The facilities aretypically located near customers and/or raw materialsupply sources to shorten order-to-delivery cycle timesand offer competitive prices.
In 2010, the Company’s manufacturing business contributed31% of revenue. Within the Manufacturing business segment,domestic operations contributed 66% of revenue, slightlydown from 2009, and 34% from regional manufacturingfacilities. In order to leverage the stronger profit marginsinherent in the manufacturing business segment, theCompany intends to continuously expand manufacturing,with the strategic objective of achieving revenue parity withthe Distribution business segment.
• Manufaktur
Lautan Luas meluncurkan usaha manufaktur pada 1969,dengan pendirian pabrik asam sulfat swasta pertama diIndonesia. Sejak itu, usaha manufaktur Perseroan telahberkembang menjadi usaha yang cukup besar denganpenyertaan saham di tujuh belas fasilitas produksi diIndonesia, tiga di Cina, dan satu di Vietnam. Berbagaifasilitas ini biasanya berlokasi dekat dengan pelanggandan/atau sumber pasokan bahan baku untuk memperpendeksiklus waktu order-to-delivery dan menawarkan harga yangbersaing.
Pada 2010, usaha manufaktur Perseroan memberikankontribusi 31% dari pendapatan. Dalam segmen usahaManufaktur, pasar domestik menyumbang 66%pendapatan, sedikit menurun dari 2009, dan 34% darifasilitas manufaktur regional. Untuk memanfaatkanmarjin laba dari segmen usaha manufaktur yang secarainheren lebih tinggi, Perseroan akan terus memperluasusaha manufaktur, dengan tujuan strategis mencapaiparitas pendapatan dengan segmen usaha Distribusi.
Diversified Distribution Segment / Diversifikasi Segmen Distribusi201014%11%11%9%8%8%8%7%6%4%3%3%2%1%2%
100%
INDUSTRYCONSUMER GOODS / BARANG KONSUMERPLASTIC & PACKAGING / PLASTIK & KEMASANFOOD & FEEDMILL / KILANG PANGAN & PAKANGLASS & CERAMIC / GELAS & KERAMIKAGRICULTURE / PERTANIANTEXTILE / TEKSTILMINING & ELECTROPLATING / PERTAMBANGAN & ELECTROPLATINGMUNICIPAL WATER TREATMENT / PENGOLAHAN AIR MUNICIPALCHEMICAL / KIMIARUBBER / KARETCOATING / PELAPISANPAPER / KERTASLEATHER / KULITAUTOMOTIVE / OTOMOTIFOTHER / LAIN-LAINGRAND TOTAL / JUMLAH TOTAL
200914%11%10%10%15%
8%6%7%5%4%3%2%3%1%1%
100%
Principals / Prinsipal
Customers / Pelanggan
Others / Lain-lain73%
Top 20 Customer20 Besar Pelanggan
27%
Others / Lain-lain47%
Top 20 Non Affiliated Principals20 Besar Prinsipal Tidak Terafiliasi
31%
Top 20 Affiliated Principals20 Besar Prinsipal Terafiliasi
22%
2010
2010
2009
2009
Others / Lain-lain75%
Top 20 Customer20 Besar Pelanggan
25%
Others / Lain-lain70%
Top 20 Non Affiliated Principals20 Besar Prinsipal Tidak Terafiliasi
30%
52 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
• Pendukung & Jasa
Lautan Luas memasuki segmen usaha Pendukung &Jasa pada 1995 dengan berdirinya PT Lautan Jasaindoyang menyediakan jasa dan solusi laboratorium untukpara pelanggan perusahaan di industri electroplating,kulit, kertas, tekstil, dan pengolahan air. Sejak itu,Perseroan telah memperluas usahanya hingga mencakupusaha logistik dan rantai pasok yang terintegrasi, solusiteknologi informasi, dan solusi pengolahan air yangkomprehensif.
Pada 2010, usaha Pendukung & Jasa menjadisegmen usaha Perseroan yang tumbuh paling cepat,meningkat 32% dari 2009, dan untuk pertama kalinya,memperluas pelayanannya ke para pelangganRegional. Pada 2010, segmen usaha ini memberisumbangsih Rp 392 miliar atau sekitar 10% dariPendapatan Perseroan, meningkat 8% dari 2009.
Di dalam segmen Pendukung dan Jasa, PT CiptaMapan Logistik, perusahaan rantai pasok dan logistikyang terintegrasi, memberikan kontribusi pendapatanterbesar di antara anak perusahaan yang ada, diikutioleh PT Hydro Hitech Optima (pengolahan air), PTStrategic Partner Solution (teknologi informasi), danPT Lautan Jasaindo.
• Support & Services
Lautan Luas entered the Support & Services businesssegment in 1995 with the establishment of PT LautanJasaindo providing laboratory services and solutionsfor corporate customers in the electroplating, leather,paper, textile, and water treatment industries. Sincethen, the Company has expanded its offerings toinclude a highly integrated logistics and supply chainbusiness, information technology solutions, andcomprehensive water treatment solutions.
In 2010, the Support & Services business was theCompany’s fastest growing segment, up by 32% over2009, and for the first time, extending services toRegional customers. In 2010, it contributed Rp 392billion or about 10% of the Company’s Revenue, upfrom 8% in 2009.
Within the segment, PT Cipta Mapan Logistik, anintegrated supply chain and logistics company,contributed the largest revenue among thesubsidiaries, followed by PT Hydro Hitech Optima(water treatment), PT Strategic Partner Solution(information technology), and PT Lautan Jasaindo.
Profile – Lautan Luas Manufacturing Key Drivers /Profil – Pendorong Produk Utama Manufaktur Lautan Luas
Products / ProdukAluminium Sulfate /Aluminium Sulfat
Sodium Sulfate / Sodium SulfatSulfuric Acid / Asam Sulfat
Poly Aluminium Chloride / Poli Aluminium Klorida
Blowing Agent / Blowing AgentNB 1/47 / NB 1/47
White Oil / White OilLABS/BABS / LABS/BABS
Sodium Metabisulphite /Sodium Metabisulphite
Methyltin Stabilizer / Methyltin StabilizerSulfamic Acid /Asam Sulfamat
Activated Carbon / Karbon Aktif
Industries Served / Pelayanan IndustriMunicipal & Industrial Water Treatment, Pulp & Paper /Pengolahan Air Municipal dan Industri, Pulp & Kertas
Detergent, Textiles, Pulp & Paper / Deterjen, Tekstil, Pulp & KertasChemical, Fertilizer, Fiber / Kimia, Pupuk, Serat
Municipal & Industrial Water Treatment, Pulp & Paper /Pengolahan Air Municipal & Industri, Pulp & Kertas
Footwear, Synthetic Leather / Alas Kaki, Kulit SintetisAgriculture / Pertanian
Cosmetic, Pharmaceutical / Kosmetik, FarmasiSoap & Detergent / Sabun & Deterjen
Mining, Water Treatment, Food /Pertambangan, Pengolahan Air, Makanan
Poly Vinyl Chloride / Poli Vinil KloridaSodium Cyclamate, Home / Industrial Cleaner /Sodium Siklamat, Pembersih Rumah / Industri
Mining / Pertambangan
Embracing The Community l 2010 Annual Report l 53
PT LAUTAN LUAS Tbk
Learning and GrowthPembelajaran dan Pertumbuhan
Sustaining the steady growth of Lautan Luas requiresattracting and retaining high caliber employees andmaximizing the contribution of all. Talent management hastherefore become a strategic priority of the Company andkey focus of the Human Resources (HR) Department acrossall businesses. It is a critical element of survival as theCompany competes in an increasingly globalized market.
Talent Management entails identification of the developmentpriorities and potential of the Company’s 3,000 employees.For the greatest leverage, HR identifies appropriatedevelopment activities to address the expressed interestsof employees, recommendations issuing from the formalperformance evaluation program, and the expansion plansof the Company.
Employee growth at Lautan Luas is more than participationin a long list of classroom programs. Managers withsupervisory responsibility for the participating employeesare tasked to monitor implementation of the skills andbehaviors taught in Company sponsored developmentactivities. They ensure the transition of the classroomlessons into the daily working environment and add theirperspective to solidify the learning’s.
Training is focused on high value areas with the most impacton employee development and Company results. Keyamong these are: Leadership-Counseling-Coaching skillsdelivered to Managers to reach the greatest number ofemployees and Sales and Marketing skill sets for thecustomer facing teams.
Untuk mempertahankan pertumbuhan usahanya yang tinggi,Lautan Luas harus dapat menarik dan mempertahankan barisankaryawan yang berkualitas dan memaksimalkan kontribusimereka. Karena itu, Manajemen Talenta menjadi prioritasstrategis Perseroan dan fokus utama Bagian Sumber DayaManusia (SDM) di seluruh lini usaha. Kendala mengelola talentayang ada menjadi elemen penting bagi keberlangsungan usaha,karena Perseroan harus bersaing di pasar yang semakinmengglobal.
Manajemen Talenta mengharuskan Perseroan melakukanidentifikasi terhadap prioritas pengembangan dan potensi 3.000karyawan yang ada. Untuk mendapatkan leverage terbesar,bagian SDM harus mampu mengidentifikasi aktivitaspengembangan yang sesuai guna memenuhi interest karyawan,membuat rekomendasi dari program evaluasi kinerja formal,dan rencana ekspansi usaha Perseroan.
Peningkatan karyawan di Lautan Luas lebih dari sekadarmendorong mereka berpartisipasi dalam sederetan programdi ruang kelas. Para manajer yang bertanggung jawabmelakukan pengawasan terhadap para karyawan yang ikutpelatihan bertugas pula memantau penerapan keterampilandan perilaku yang dilatihkan dalam kegiatan pengembanganyang disponsori Perseroan. Mereka harus memastikanditerapkannya pelajaran kelas dalam lingkungan kerjasehari-hari dan adanya peningkatan perspektif untukmengendapkan pembelajaran yang ada.
Pelatihan difokuskan pada area yang bernilai tinggi dengandampak paling besar pada pengembangan karyawan danhasil yang diperoleh Perseroan. Kuncinya antara lain:keterampilan dalam Leadership-Counseling-Coaching yangdiberikan kepada para Manajer untuk mencapai jumlahkaryawan terbesar dan keahlian Penjualan dan Pemasaranbagi tim yang berhadapan langsung dengan pelanggan.
Number of participants (person)Quantity of training (man-day)Length of training (class-hour)Total fund for training (Rp million)
Jumlah peserta (orang)Kuantitas pelatihan (orang-hari)
Lama pelatihan (kelas-jam)Jumlah dana pelatihan (Rp jutaan)
Lautan Luas Training and Education ActivitiesKegiatan Pendidikan dan Pelatihan Lautan Luas
1,0731,1891,376332
2,8442,5801,838387
1,5671,9261,200130
2010 20082009
Dewan Komisaris dan Direksi PT LAUTAN LUAS Tbk menyatakan bertanggung jawab atas penyusunan danpenyampaian laporan tahunan ini yang secara lengkap dan benar, sesuai dengan Peraturan Bapepam No. Kep.134/BL/2006, dengan lampiran Peraturan No.X.K.6, tertanggal 7 Desember 2006, mengenai Kewajiban PenyampaianLaporan Tahunan Bagi Emiten Atau Perusahaan Publik
The Board of Commissioners and Directors of PT LAUTAN LUAS Tbk assume responsibility for the order andreporting of this Annual Report and deem the information herein true and correct, in accordance to Bapepam RegulationNo. Kep. 134/BL/2006, Attachment No.X.K.6, dated 7 December 2006, concerning Reporting Standard for AnnualReport of Public Companies.
JOAN FUDIANAPresident Commissioner
ADYANSYAH MASRINVice President Commissioner
PRANATA HAJADICommissioner
ZAKIRIndependent Commissioner
HARI SLAMET WIDODOIndependent Commissioner
INDRAWAN MASRINPresident Director
JIMMY MASRINVice President Director
JOSHUA CHANDRAPUTRA ASALIManaging Director
Business Development &Manufacturing Director
HERMAN SANTOSOOperations & Support Director
SOEWANDHI SOEKAMTOSales & Marketing /Commercial Director
2010Annual Report
CertificationSertifikasi
Laporan Tahunan2010
60 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
HEAD OFFICEPT LAUTAN LUAS Tbk
Graha IndramasJl. AIP II K.S. Tubun Raya No. 77
Jakarta 11410Telephone: +62 21 5367 7777
Fax: +62 21 5367 1120E-mail: [email protected]
Website: www.lautan-luas.com
BRANCH OFFICESSurabaya, Bandung, Semarang, Medan, Pekanbaru
REPRESENTATIVE OFFICESBandar Lampung, Makassar, Palembang, Pontianak,
Samarinda, Solo
REGIONAL OFFICESingapore
MARKETING OFFICEChina, Thailand, Vietnam
DISTRIBUTIONPT PKG Lautan Indonesia, Jakarta
MANUFACTURINGPT Advance Stabilindo Industry, Bekasi l
PT Daiti Carbon Nusantara, Pontianak lPT Dunia Kimia Jaya, Bekasi l
PT Dunia Kimia Utama, Palembang lPT Indonesian Acids Industry, Jakarta l
PT Lautan Natural Krimerindo, Mojokerto lPT Lautan Sulfamat Lestari, Jakarta l
PT Liku Telaga, Gresik lPT Metabisulphite Nusantara, Gresik l
PT Pacinesia Chemical Industry, Jakarta lPT White Oil Nusantara, Gresik l
PT Findeco Jaya, Jakarta lPT Indonesia Ethanol Industry, Lampung l
PT Lautan Otsuka Chemical, Serang lPT Mahkota Indonesia, Jakarta l
PT Roha Lautan Pewarna, Bekasi lPT Sibelco Lautan Minerals, Bekasi l
SUPPORT & SERVICESPT Cipta Mapan Logistik, Jakarta l
PT Hydro Hitech Optima, Tangerang lPT Lautan Jasaindo, Tangerang l
PT Strategic Partner Solution, Jakarta lPT Jakamitra Indonesia, Jakarta l
KANTOR PUSATPT LAUTAN LUAS TbkGraha IndramasJl. AIP II K.S. Tubun Raya No. 77Jakarta 11410Telepon: +62 21 5367 7777Fax: +62 21 5367 1120E-mail: [email protected]: www.lautan-luas.com
KANTOR CABANGSurabaya, Bandung, Semarang, Medan, Pekanbaru
KANTOR PERWAKILANBandar Lampung, Makassar, Palembang, Pontianak,Samarinda, Solo
KANTOR REGIONALSingapura
KANTOR PEMASARANCina, Thailand, Vietnam
DISTRIBUSIPT PKG Lautan Indonesia, Jakarta
MANUFAKTURl PT Advance Stabilindo Industry, Bekasil PT Daiti Carbon Nusantara, Pontianakl PT Dunia Kimia Jaya, Bekasil PT Dunia Kimia Utama, Palembangl PT Indonesian Acids Industry, Jakartal PT Lautan Natural Krimerindo, Mojokertol PT Lautan Sulfamat Lestari, Jakartal PT Liku Telaga, Gresikl PT Metabisulphite Nusantara, Gresikl PT Pacinesia Chemical Industry, Jakartal PT White Oil Nusantara, Gresikl PT Findeco Jaya, Jakartal PT Indonesia Ethanol Industry, Lampungl PT Lautan Otsuka Chemical, Serangl PT Mahkota Indonesia, Jakartal PT Roha Lautan Pewarna, Bekasil PT Sibelco Lautan Minerals, Bekasi
PENDUKUNG & JASAl PT Cipta Mapan Logistik, Jakartal PT Hydro Hitech Optima, Tangerangl PT Lautan Jasaindo, Tangerangl PT Strategic Partner Solution, Jakartal PT Jakamitra Indonesia, Jakarta
Embracing The Community l 2010 Annual Report l 61
PT LAUTAN LUAS Tbk
SUPPORT &SERVICES
DISTRIBUTION
PT PKG Lautan Indonesia
HEAD OFFICEJakarta
BRANCH OFFICESSurabayaBandungSemarangMedanPekanbaru
REPRESENTATIVEOFFICES
Bandar LampungMakassarPalembangPontianakSamarindaSolo
AFFILIATE
MANUFACTURING SUBSIDIARIES
AFFILIATES
PT Findeco Jaya
PT Indonesia Ethanol Industry
PT Lautan Otsuka Chemical
PT Mahkota Indonesia
PT Roha Lautan Pewarna
PT Sibelco Lautan Minerals
SUBSIDIARIESPT Cipta Mapan Logistik
PT Hydro Hitech Optima
PT Lautan Jasaindo
PT Strategic Partner Solution
AFFILIATE PT Jakamitra Indonesia
REGIONAL SUBSIDIARYLautan Luas Singapore Pte. Ltd.
REGIONAL OFFICESLautan Luas Thailand Co. Ltd.Lautan Luas Shanghai Co. Ltd.Lautan Luas Vietnam Co. Ltd.
MANUFACTURING FACILITIESLautan Hongze Chemical Industry Ltd.Huaian Diamond Chemical Industry Ltd.Hongze Jin Qilin Chemical Industry Ltd.Lautan Luas Vietnam Co. Ltd.
PT Advance Stabilindo Industry
PT Daiti Carbon Nusantara
PT Dunia Kimia Jaya
PT Dunia Kimia Utama
PT Indonesian Acids Industry
PT Lautan Natural Krimerindo
PT Lautan Sulfamat Lestari
PT Liku Telaga
PT Metabisulphite Nusantara
PT Pacinesia Chemical Industry
PT White Oil Nusantara
62 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
Establishment 13 July 1951Line of Business Distributor and Manufacturer of Basic and Specialty Chemicals as well as
Support and Services BusinessHead Office Graha Indramas
Jl. AIP II K.S. Tubun Raya No. 77, Jakarta 11410, IndonesiaTelephone : +62 21 5367 7777Fax : +62 21 5367 1120E-mail : [email protected] : www.lautan-luas.com
Shareholders l PT Caturkarsa Megatunggal 63.03%l Management 3.64%l Public 33.33%
MANAGEMENTPresident Commissioner Joan FudianaVice President Commissioner Adyansyah MasrinCommissioner Pranata HajadiIndependent Commissioner Zakir
Hari Slamet WidodoPresident Director Indrawan MasrinVice President Director Jimmy MasrinDirector Joshua Chandraputra Asali
Herman Santoso Soewandhi Soekamto
Employees 501Branches Surabaya, Bandung, Semarang, Medan, PekanbaruRepresentative Offices Palembang , Bandar Lampung, Solo, Samarinda, Pontianak, MakassarMajor Banks ANZ Panin Bank l Bangkok Bank Public Company Ltd. l Bank Central Asia
l Bank CIMB Niaga l Bank DBS Indonesia l Bank Ekonomi l Bank InternasionalIndonesia l Bank Mizuho Indonesia l Bank OCBC NISP l Bank of TokyoMitsubishi UFJ Ltd. l Bank Resona Perdania l Citi Bank N.A l RabobankInternational Indonesia l Standard Chartered Bank l The Hongkong andShanghai Banking Corporation Limited.
CAPITAL STRUCTUREAuthorized Capital Rp 600.000.000.000,- at par value of Rp 250,- per shareIssued Capital Rp 195.000.000.000,-Fully Paid Up Capital Rp 195.000.000.000,-
Embracing The Community l 2010 Annual Report l 63
PT LAUTAN LUAS Tbk
PT PKG Lautan Indonesia
Establishment 25 January 2008Line of Business Trading basic and specialty chemicals (Main Distribution & Importer)Office Graha Indramas
Jl. AIP II K.S. Tubun Raya No.77, Jakarta 11410, IndonesiaTelephone : +62 21 5367 3569Fax : +62 21 5367 3278
Shareholders l PT LAUTAN LUAS Tbk 49%l Perusahaan Kimia Gemilang Sdn Bhd 51%
MANAGEMENTPresident Commissioner Indrawan MasrinCommissioner Datuk Haji Mohamed Al Amin Bin Abdul Majid, J. P.
Siew Ka WeiJimmy Masrin
President Director Robin Ling Seng ChiongVice President Director Danny Suryadi AdenanDirector Tan Tong Lim
Michael Susanto PardiEmployees 4
Distribution - Affiliate
Regional - Subsidiary
Establishment 17 June 1999Line of Business l Distributor - Basic and Specialty Chemicals
l Investment in manufacturing companies of basic and specialty chemicalsRegistered Office & 75 Bukit Timah Road #05-14 Boon Siew BuildingCorrespondence Singapore 229833Shareholders PT LAUTAN LUAS Tbk 100%
MANAGEMENTDirector Jimmy Masrin
Joshua Chandraputra AsaliHerman SantosoShannon Masrin
Employees 6
Lautan Luas Singapore Pte. Ltd.,
64 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
PT Advance Stabilindo IndustryManufacturing - Subsidiary
Establishment 9 December 1994Line of Business Manufacturer of Methyltin Stabilizer, Plastic Additives, Compound, and Plastic BottleHead Office & Factory 1 & 2 MM 2100 Industrial Town, Block M – 29 Jl. Sulawesi III,
Cikarang Barat, Bekasi 17520, IndonesiaTelephone : +62 21 898 0935 (Hunting)Fax : +62 21 898 0405
Shareholders l PT LAUTAN LUAS Tbk 98.6%l PT Fumasjaya Utama 1.4%
MANAGEMENTPresident Commissioner Indrawan MasrinCommissioner Jimmy Masrin
Herman SantosoDirector Danny Suryadi AdenanEmployees 75Products Methyltin Stabilizer, Plastic Additives, Compound, Plastic BottleCapacities l Methyltin Stabilizer 2,250 Ton/year
l Masterbatch 1,200 Ton/yearl Plastic compound 2,800 Ton/yearl Plastic Bottle 100,000,000 Pcs/year Equivalent 300 Tonl Plastic Injection 100,000,000 Pcs/year Equivalent 300 Ton
Certification ISO 9001, ISO 14001, OHSAS 18001, KN-RCI, HALAL MUI
PT Daiti Carbon NusantaraManufacturing - Subsidiary
Establishment 6 December 1999Line of Business Manufacturer of Activated CarbonMailing Address Graha Indramas
Jl. AIP II K.S. Tubun Raya no. 77, Jakarta 11410, IndonesiaTelephone : +62 21 5369 6209; 5369 6124Fax : + 62 21 5367 1169
Head Office & Factory Jl. Raya Wajok Hilir KM 15.65 Siantan, Pontianak,Kalimantan Barat, Indonesia, PO Box 1065Telephone : +62 561 767 723Fax : +62 561 741 056Website : www.daiticarbon.com
Shareholders l PT LAUTAN LUAS Tbk 99.93%l Indrawan Masrin 0.07%
MANAGEMENTCommissioner Indrawan MasrinPresident Director Sandjaja HajadiDirector Herman SantosoEmployees 53Product Activated CarbonCapacities l Activated Carbon (Powder) 2,000 Ton/year
l Activated Carbon (Granular) 3,600 Ton/yearCertification ISO 9001, HALAL MUI
Embracing The Community l 2010 Annual Report l 65
PT LAUTAN LUAS Tbk
PT Dunia Kimia JayaManufacturing - Subsidiary
Establishment 8 December 1977Line of Business Manufacturer of Specialty Chemical for Paper, Textile, Agriculture, Rubber/Plastic,
Water Teatment, Band Ply Lubricant, and FertilizerOffice & Factory Kawasan Industri Greenland Batavia Block BD No.1,
Kota Deltamas, Desa Sukamahi, Cikarang Pusat, Bekasi 17530, IndonesiaTelephone : +62 21 8997 0430Fax : +62 21 8997 0431
Website : www.duniakimiajaya.comShareholders l PT LAUTAN LUAS Tbk 99.9%
l Indrawan Masrin 0.1%
MANAGEMENTCommissioner Adyansyah MasrinPresident Director Indrawan MasrinDirector Joan Fudiana
Soewandhi SoekamtoEmployees 65Products Textile Auxiliaries, Band Ply Lubricant, Chemical for Paper, Footwear, Rubber/Plastic,
Agriculture Application, Water Treatment Chemical.Capacities Headquaters
l Specialty chemical for Textile 4,000 Ton/yearl Specialty chemical for Paper 3,000 Ton/yearl Specialty chemical for Plastic & Rubber 5,000 Ton/yearl Specialty chemical for Agriculture 15,000 Ton/yearl Specialty chemical for Leather 200 Ton/yearl Specialty chemical for Waste Water Neutralizer 2,000 Ton/yearl Specialty chemical for Boiler Cleaner 300 Ton/yearl Specialty chemical for Cooler 500 Ton/yearl Specialty chemical for Oil and Gas 1,000 Ton/yearl Specialty chemical for Wood 1,000 Ton/yearl Specialty chemical for Glass and Ceramic 1,000 Ton/yearl Specialty chemical for Packaging Glue 1,000 Ton/yearl Specialty chemical for Paint and Construction 7,000 Ton/yearl Specialty chemical for Food 300 Ton/yearl Specialty chemical for Mining 1,000 Ton/yearl Specialty chemical for Detergent 1,000 Ton/year
l Boric Fertilizer 15,000 Ton/yearCapacity Branches Medan : Specialty chemical for Agriculture 8,000 Ton/year
l Fertilizer 10,000 Ton/yearSurabaya : Specialty chemical for Agriculture 4,000 Ton/year
l Boric Fertilizer 4,000 Ton/yearCertification ISO 9001, ISO 14001, OHSAS 18001, KN-RCI, SNI, HALAL MUI
66 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
PT Dunia Kimia UtamaManufacturing - Subsidiary
Establishment 22 May 1978Line of Business Manufacturer of Sulfuric Acid and Aluminium SulfateOffice Jl. Radial Block D1 No.31, Komplek Ilir Barat Permai, Palembang 30134,
Sumatera Selatan, IndonesiaTelephone : +62 711 311 772Fax : +62 711 350 286
Factory Jl. Raya Palembang – Indralaya KM 24, Desa Pulau Semambu,Kecamatan Indralaya, Kabupaten Ogan Ilir, Sumatera Selatan, IndonesiaTelephone : +62 711 581 500 (Hunting); 730 1145; 730 1463Fax : +62 711 361 463
Shareholders l PT LAUTAN LUAS Tbk 55%l PT Dunia Kimia Jaya 10%l PT Gading Masindotama 35%
MANAGEMENTPresident Commissioner Sutejo MonthaniyachatCommissioner Joan FudianaPresident Director Jimmy MasrinDirector Suhartono Chia
Indrawan MasrinSandjaja HajadiSuniata WarsehatThianchay Monthaniyachat
Employees 88Products Sulfuric Acid, Aluminium SulfateCapacities l Sulfuric Acid 30,000 Ton/year
l Aluminium Sulfate 30,000 Ton/yearCertification ISO 9001, ISO 14001, OHSAS 18001, KN-RCI, SNI, HALAL MUI
Embracing The Community l 2010 Annual Report l 67
PT LAUTAN LUAS Tbk
PT Indonesian Acids IndustryManufacturing - Subsidiary
Establishment 9 August 1969Line of Business Manufacturer of Sulfuric Acid, Aluminium Sulfate, and Potash AlumOffice Graha Indramas
Jl. AIP II K.S. Tubun Raya No. 77, Jakarta 11410, IndonesiaTelephone : +62 21 5367 1281; 5367 1282Fax : +62 21 5367 1280website : www.indoacid.com
Factory Jl. Raya Bekasi KM 21, Pulo Gadung, Jakarta 13001, IndonesiaTelephone : +62 21 460 2203Fax : +62 21 460 2917
Shareholders l PT LAUTAN LUAS Tbk 60%l Citicon Investments Group Limited 35%l PT Syam Bersaudara 5%
MANAGEMENTPresident Commissioner Sutejo MonthaniyachatCommissioner Adyansyah MasrinPresident Director Joan FudianaVice President Director Surapon MonthaniyachatDirector Indrawan Masrin
Jimmy MasrinEmployees 144Products Sulfuric Acid, Aluminium SulfateCapacities l Sulfuric Acid 82,500 Ton/year
l Aluminium Sulfate 44,600 Ton/yearl Potash Alum 1,500 Ton/year
Certification ISO 9001, SNI
Manufacturing - Subsidiary
Establishment 23 April 2010Line of Business Manufacturer of Non-Dairy CreamerFactory Jl. Raya Mojosari - Pacet KM 4 Desa Pesanggrahan,
Kecamatan Kutorejo, Kabupaten Mojokerto, Jawa Timur, IndonesiaTelephone : +62 321 599778Fax : +62 321 599779
Shareholders l PT LAUTAN LUAS Tbk 99.93%l Indrawan Masrin 0.07%
MANAGEMENTPresident Commissioner Indrawan MasrinCommissioner Jimmy MasrinPresident Director Lie Siaoe LieDirector Hendrik GunawanEmployees -Product Non-Dairy CreamerCapacity Non-Dairy Creamer 21,600 Ton/year
68 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
PT Liku TelagaManufacturing - Subsidiary
Establishment 12 January 1979Line of Business Manufacturer of Sulfuric Acid, Aluminium Sulfate, Sucolite Series, and Sodium SilicateFactory Jl. Raya Sembayat KM 23, Manyar, Gresik, Jawa Timur, Indonesia
Telephone : +62 31 395 9185; 395 9186; 395 1670; 395 1639Fax : +62 31 395 1669
Shareholders l PT LAUTAN LUAS Tbk 50.5%l PT Gading Masindotama 31.5%l Wen Chie Siang 8.0%l PT Wongso Kharismamulia 10.0%
MANAGEMENTCommissioner Adyansyah MasrinPresident Director Sutejo MonthaniyachatDirector Indrawan Masrin
Kusman WongsodihardjoSandjaja HajadiThianchay Monthaniyachat
Employees 144Products Sulfuric Acid, Aluminium Sulfate, Sodium Silicate (Liquid & Solid)Capacities l Sulfuric Acid 60,150 Ton/year
l Aluminium Sulfate 161,400 Ton/yearl Sodium Silicate Liquid 12,000 Ton/yearl Sodium Silicate Solid 6,000 Ton/yearl Potash Alum 5,000 Ton/year
Certification ISO 9001, ISO 14001, OHSAS 18001
PT Lautan Sulfamat LestariManufacturing - Subsidiary
Establishment 6 July 2000Line of Business Manufacturer of Sulfamic AcidOffice & Factory Jl. Raya Bekasi KM 21, Pulo Gadung, Jakarta 13930, Indonesia
Telephone : +62 21 460 3875 (Hunting)Fax : +62 21 460 3878Website : www.lautan-sulfamat-lestari.com
Shareholders l PT LAUTAN LUAS Tbk 99%l PT Fumasjaya Utama 1%
MANAGEMENTCommissioner Indrawan MasrinPresident Director Joshua Chandraputra AsaliDirector Ridwan KartoloEmployees 49Product Sulfamic AcidCapacity Sulfamic Acid 7,200 Ton/yearCertification ISO 9001, ISO 14001, OHSAS 18001
Embracing The Community l 2010 Annual Report l 69
PT LAUTAN LUAS Tbk
PT Metabisulphite NusantaraManufacturing - Subsidiary
Establishment 17 January 2000Line of Business Manufacturer of Sodium MetabisulphiteOffice & Factory Jl. Desa Sukomulyo KM 24, Manyar, Gresik 61151, Jawa Timur, Indonesia
Telephone : +62 31 395 8500; 395 8600; 395 9393Fax : +62 31 395 2700
Shareholders l PT LAUTAN LUAS Tbk 99.997%l Indrawan Masrin 0.003%
MANAGEMENTCommissioner Indrawan MasrinPresident Director Jimmy MasrinDirector Sandjaja HajadiEmployees 53Products Sodium Metabisulphite, Sulfuric Acid, GypsumCapacities Sodium Metabisulphite 20,000 Ton/year
Sulfuric Acid 2,500 Ton/yearGypsum 5,000 Ton/year
Certification ISO 9001, ISO 14001, HALAL MUI
PT Pacinesia Chemical IndustryManufacturing - Subsidiary
Establishment 21 February 1984Line of Business Manufacturer of Poly Aluminium ChlorideOffice Graha Indramas
Jl. AIP II K.S. Tubun Raya No.77, Jakarta 11410, IndonesiaTelephone : +62 21 5367 3277Fax : +62 21 5367 3255
Factory Jl. Manis II No 9 Zona Industri Manis Desa Kadu,Kecamatan Curug, Tangerang, IndonesiaTelephone : +62 21 591 8874Fax : +62 21 591 8876
Shareholders l PT LAUTAN LUAS Tbk 99.975%l Indrawan Masrin 0.025%
MANAGEMENTCommissioner Joan FudianaPresident Director Isien FudiantoDirector Indrawan Masrin
Jimmy MasrinEmployees 127Products Poly Aluminium Chloride, Sulphur Powder, Pentazol, White SpiritCapacities l Poly Aluminium Chloride Liquid 30,000 Ton/year
l Poly Aluminium Chloride Powder 3,600 Ton/yearl Gypsum 6,000 Ton/year
Certification ISO 9001, HALAL MUI
70 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
PT White Oil NusantaraManufacturing - Subsidiary
Establishment 9 November 2000Line of Business Manufacturer of White OilOffice & Factory Jl. Raya Sukomulyo KM 24, Manyar, Gresik, Jawa Timur, Indonesia
Telephone : +62 31 395 8686Fax : +62 31 395 7887Website : www.whiteoilnusantara.com
Shareholders l PT LAUTAN LUAS Tbk 93%l Wen Chie Siang 7%
MANAGEMENTPresident Commissioner Indrawan MasrinPresident Director Sandjaja HajadiDirector Joshua Chandraputra AsaliEmployees 59Product White OilCapacity White Oil 15,000 Ton/yearCertification ISO 9001, ISO 14001, OHSAS 18001, KN-RCI
Embracing The Community l 2010 Annual Report l 71
PT LAUTAN LUAS Tbk
PT Findeco JayaManufacturing - Affiliate
Establishment 16 January 1969Line of Business Manufacturer of Alkyl Benzene SulfonateOffice & Factory Jl. Raya Bekasi KM 21, Pulo Gadung Jakarta 13920, Indonesia
Telephone : +62 21 460 2920Fax : +62 21 460 2572Website : www.findeco.com
Shareholders l PT LAUTAN LUAS Tbk 36.43%l PT Sinar Antjol 8%l PT Wings Surya 28.11%l Anthoni Salim 6%l Winarto Adinoto 3%l Ong Ing Sing 6%l PT Catur Wangsa Indah 6%l PT UICCP Indonesia 6.46%
MANAGEMENTPresident Commissioner Teddy Jeffrey KatuariCommissioner Herman Santoso
Andi HartandiPresident Director Joan FudianaVice President Director Handoyo SutantoDirector Paulus Iwan Setiawan
Ridwan KartoloEridah SurjanahEka Leonard Gunawan
Employees 58Products Branched Alkyl Benzene Sulfonic Acid, Linear Alkyl Benzene Sulfonic AcidCapacity Alkyl Benzene Sulfonate 30,000 Ton/yearCertification ISO 9001, ISO 14001, OHSAS 18001, KN-RCI
72 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
Manufacturing - Affiliate
Establishment 29 January 2007Line of Business Manufacturer of Pure EthanolOffice & Factory Jl. Raya Lintas Pantai Timur KM 242.5,
Desa Sriwijaya Mataram, Kecamatan Bandar Mataram,Lampung Tengah 34164, Indonesia
Shareholders l PT LAUTAN LUAS Tbk 27.6%l Siam Resources (S) Pte. Ltd. 31%l Cleveland Pte. Ltd. 27.6%l Matrix Membranes Enterprises Pte. Ltd. 13.8%
MANAGEMENTPresident Commissioner Tjoa Tek HinCommissioner Jimmy Masrin
Kevin John MonteiroIr. Zaenal Arifin
President Director Achmad Syaifuddin HaqDirector Tjoa Tek Tjiauw
William DjuhadiHerman Santoso
Employees 6Product Pure EthanolCapacity Pure Ethanol 60,000 Ton/year
PT Indonesia Ethanol Industry
PT Mahkota IndonesiaManufacturing - Affiliate
Establishment 30 October 1969Line of Business Manufacturer of Sulfuric Acid, Aluminium Sulfate, Sodium Silicate, Ferro Sulfate, and Potash AlumOffice & Factory Jl. Raya Bekasi KM 21, Pulo Gadung, Jakarta 14250, Indonesia
Telephone : +62 21 460 3121Fax : +62 21 468 33944; 460 2792
Shareholders l PT LAUTAN LUAS Tbk 40%l PT Mingsindo Jaya 20%l TIP International Company 40%
MANAGEMENTPresident Commissioner Adyansyah MasrinCommissioner Charles Ho Tung Koo
Jimmy MasrinPresident Director Indrawan MasrinDirector Sutejo Monthaniyachat
Wong Lung TakEmployees 179Products Sulfuric Acid, Aluminium Sulfate, Sodium Silicate (water glass),
Ferro Sulfate, Potash AlumCapacities l Sulfuric Acid 72,500 Ton/year
l Aluminium Sulfate 45,000 Ton/yearl Sodium Silicate 30,000 Ton/yearl Ferro Sulfate 12,000 Ton/yearl Potash Alum 10,000 Ton/year
Certification ISO 9001, SNI, HALAL MUI
Embracing The Community l 2010 Annual Report l 73
PT LAUTAN LUAS Tbk
PT Lautan Otsuka ChemicalManufacturing - Affiliate
Establishment 25 May 1989Line of Business Manufacturer of Azodicarbonamide (Blowing Agent)Office Graha Indramas, 5th Floor
Jl. AIP II K.S. Tubun Raya No.77, Jakarta 11410, IndonesiaTelephone : +62 21 5367 1251Fax : +62 21 5367 1250
Factory Jl. Brigjend Katamso KM 123 & 125 Gunung Sugih, Ciwadan,Cilegon, Banten, IndonesiaTelephone : +62 254 601 150Fax : +62 254 601 152
Shareholders l PT LAUTAN LUAS Tbk 30%l Otsuka Chemical Co. Ltd. 70%
MANAGEMENTPresident Commissioner Joan FudianaCommissioner Yujiro Otsuka
Indrawan MasrinSadanobu Tobe
President Director Faustinus FauziVice President Director Kazushige SakaiDirector Jimmy Masrin
Kazuhiro NagasawaMasumi HaraTakeharu HarashimaJoshua Chandraputra AsaliKenji KishinoJojong Djurijanto
Employees 330Product Azodicarbonamide (Blowing Agent)Capacity Azodicarbonamide (Blowing Agent) 14,500 Ton/yearCertification ISO 9001, ISO 14001, OHSAS 18001, SMK3
74 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
PT Roha Lautan PewarnaManufacturing - Affiliate
Establishment 8 November 1991Line of Business Manufacturer of Dyes & PigmentOffice & Factory Kota Delta Mas , Jl.Tol Cikampek KM 37,
Kawasan Green Land, Kav. Batavia BD/2, Cikarang Pusat, Bekasi 17530, IndonesiaTelephone : +62 21 8997 0302Fax : +62 21 8997 3247Website : www.rohaLP.com
Shareholders l PT LAUTAN LUAS Tbk 30%l Roha Dyechem Pte. Ltd. 70%
MANAGEMENTPresident Commissioner Ramakant Jagdishprasad TibrewalaCommissioner Jimmy MasrinPresident Director Harin Dharamdas JuthaniDirector Rikesh Dhirendra Parikh
Herman SantosoEmployees 75Products Dyes & Pigment Colours for all purpose applicationCapacities l Food & Pharmaceutical Colours 826 Ton/year
l Textile Colours 338 Ton/yearCertification ISO 9001, HALAL MUI
Manufacturing - Affiliate
Establishment 10 April 1997Line of Business Manufacturer of Washed and Dry Silica Sand & Silica FlourOffice & Factory Jl. Jababeka XVI Block W 30-35
Kawasan Industri Jababeka Cikarang, Bekasi, IndonesiaTelephone : +62 21 893 7465Fax : +62 21 893 7466Website : www.sibelcolautanminerals.com
Shareholders l PT LAUTAN LUAS Tbk 20%l Sibelco Asia Pte. Ltd. 80%
MANAGEMENTPresident Commissioner Alain Walter Marie Wivine SpeeckaertVice President Commissioner Indrawan MasrinCommissioner Thomas Charles CutbushPresident Director Jimmy MasrinVice President Director Thibault Fernand Marie Joseph Van StratumDirector Tang Kum Hong
Bruno Luc Annie WautersChan Hock Lye
Employees 118Products Washed and Dry Silica Sand & FlourCapacities l Washed Sand 60,000 Ton/year
l Silica Flour 40,000 Ton/yearl Feldspar Flour 20,000 Ton/yearl Bentonite Flour 10,000 Ton/yearl Talk Flour 10,000 Ton/yearl Ball Clay 50,000 Ton/year
Certification ISO 9001
PT Sibelco Lautan Minerals
Embracing The Community l 2010 Annual Report l 75
PT LAUTAN LUAS Tbk
PT Cipta Mapan LogistikSupport & Services - Subsidiary
Trade Name LINC GroupEstablishment 1 June 2001Line of Business Freight Forwarding (Jasa Pengurusan Transportasi)Office Graha Indramas, 6th Floor
Jl. AIP II K.S. Tubun Raya No. 77, Jakarta 11410, IndonesiaTelephone : +62 21 5367 3208Fax : +62 21 5367 1276
Branches Bekasi, Bandung, Semarang, Surabaya, and MedanShareholders l PT LAUTAN LUAS Tbk 99.999%
l Indrawan Masrin 0.001%
MANAGEMENTPresident Commissioner Jimmy MasrinCommissioner Joshua Chandraputra AsaliPresident Director Leo Boon Han HansDirector Sri Patmowati
Jonny HariantoEmployees 337Products Logistics and Supply Chain ManagementCertification ISO 9001, ISO 14001, OHSAS 18001
PT Hydro Hitech OptimaSupport & Services - Subsidiary
Establishment 3 January 2006Line of Business Turnkey, BOO, BOT for Water Treatment System & EquipmentOffice Zona Industri Manis, Jl. Manis II No. 9, Desa Kadu,
Kecamatan Curug, Tangerang 15810, IndonesiaTelephone : +62 21 2994 0900 (Hunting)Fax : +62 21 2994 0901; 2994 0902Website : www.h2optima.com
Product Water Solution ProviderWater & Waste Water Treatment System, Which includes:l Automatic Self Cleaning Filter, Ultra Filtration, Reverse Osmosis, Chemical Treatment, etcl Customized water optimization that help our customers to do saving including the recyclingl Turn Key, BOO, BOT, or Leasing for Water Treatment Plant or Individual Equipmentl One stop shopping services for all water problems
Shareholders l PT LAUTAN LUAS Tbk 99.98%l Indrawan Masrin 0.02%
MANAGEMENTCommissioner Herman SantosoPresident Director Soewandhi SoekamtoDirector Subakti SetiawanEmployees 35
76 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
PT Lautan JasaindoSupport & Services - Subsidiary
Establishment 15 February 1995Line of Business Support & Laboratory ServicesOffice Jl. Manis II No. 9, Zona Industri Manis, Desa Kadu, Kecamatan Curug,
Tangerang, IndonesiaTelephone : +62 21 591 8838; 591 8886Fax : +62 21 5391 8836Website : www.lji.co.id
Shareholders l PT LAUTAN LUAS Tbk 98.85%l PT Fumasjaya Utama 1.15%
Certification ISO 9001
MANAGEMENTCommissioner Indrawan MasrinPresident Director Herman SantosoDirector Ridwan AdipoetraEmployees 6
PT Strategic Partner SolutionSupport & Services - Subsidiary
Establishment 14 June 2002Line of Business l Trading Computer & Accessories
l IT Consultant & Management ServicesOffice Graha Indramas, 6th Floor
Jl. AIP II K.S. Tubun Raya No. 77, Jakarta 11410, IndonesiaTelephone : +62 21 5367 7777Fax : +62 21 5367 1120Website : www.myspsolution.com
Shareholders l PT LAUTAN LUAS Tbk 99.82%l Jimmy Masrin 0.18%
MANAGEMENTCommissioner Jimmy MasrinPresident Director Aswan HardiDirector Herman SantosoEmployees 66Products Computer & Accessories
Embracing The Community l 2010 Annual Report l 77
PT LAUTAN LUAS Tbk
PT Jakamitra IndonesiaEstablishment 26 November 2010Line of Business Industrial EstateOffice Wisma Millenia, Jl. MT Haryono Kav.16, Tebet Barat, Jakarta, IndonesiaShareholders l PT LAUTAN LUAS Tbk 18%
l PT Japfa Indoland 70%l PT Wadari Swargaloka 12%
MANAGEMENTPresident Commissioner H. Syamsir SiregarCommissioner Jimmy Masrin
Pranata HajadiPresident Director Imam UtomoDirector Herman Santoso
Benjamin Soenadi AbednegoTimotius PaulusLie Siaoe Lie
Employees -
Support & Services - Affiliate
78 l Embracing The Community l 2010 Annual Report
PT LAUTAN LUAS Tbk
Data Perusahaan
PerusahaanPT LAUTAN LUAS TbkBerkedudukan di Jakarta
KANTOR PUSATGraha IndramasJl. AIP II K.S. Tubun Raya No. 77Jakarta 11410Telepon: +62 21 5367 7777Fax: +62 21 5367 1120E-mail: [email protected]: www.lautan-luas.com
KANTOR CABANG DISTRIBUSI
CABANG BANDUNGJl. Jend. Sudirman No. 757 – Bandung 40212Telepon: +62 22 603 0590 (Hunting)Fax: +62 22 603 0967
CABANG SEMARANGJl. Tambak Aji I/6,Komp. Industri Guna MekarSemarang 50185Telepon: +62 24 866 3521 (Hunting)Fax: +62 24 866 3529
CABANG SURABAYAJl. Ngemplak No. 30Komp. Ambengan Plaza Blok B 35-37 - Surabaya 60272Telepon: +62 31 531 9635-7; 545 3734-6Fax: +62 31 531 9634
CABANG MEDANKawasan Industri Medan Star,Jl. Pelita Raya I Blok F No. 5, MedanTanjung Morawa KM.19,2 Deli Serdang 20362Telepon: +62 61 794 0800Fax: +62 61 794 1990
CABANG PEKANBARUAlamat Surat :Komp. Pergudangan Cerya PanamJl. HR Subrantas Kav. 9, lot B26-B27,Panam, PekanbaruTel. & Fax: +62 761 589 091
Corporate Information
CompanyPT LAUTAN LUAS Tbk
Domicilied in Jakarta
HEAD OFFICEGraha Indramas
Jl. AIP II K.S. Tubun Raya No. 77Jakarta 11410
Telephone: +62 21 5367 7777Fax: +62 21 5367 1120
E-mail: [email protected]: www.lautan-luas.com
DISTRIBUTION BRANCH OFFICES
BANDUNG OFFICEJl. Jend. Sudirman No. 757 – Bandung 40212
Telephone: +62 22 603 0590 (Hunting)Fax: +62 22 603 0967
SEMARANG OFFICEJl. Tambak Aji I/6,
Komp. Industri Guna MekarSemarang 50185
Telephone: +62 24 866 3521 (Hunting)Fax: +62 24 866 3529
SURABAYA OFFICEJl. Ngemplak No. 30
Komp. Ambengan Plaza Blok B 35-37 - Surabaya 60272Telephone: +62 31 531 9635-7; 545 3734-6
Fax: +62 31 531 9634
MEDAN OFFICEKawasan Industri Medan Star,
Jl. Pelita Raya I Blok F No. 5, MedanTanjung Morawa KM.19,2 Deli Serdang 20362
Telephone: +62 61 794 0800Fax: +62 61 794 1990
PEKANBARU OFFICEMailing Address :
Komp. Pergudangan Cerya PanamJl. HR Subrantas Kav. 9, Lot B26-27,
Panam, PekanbaruPh. & Fax: +62 761 589 091