Kertas Basuki Rachmat Indonesia Kbri Annual Report 2012 Laporan Tahunan Company Profile Indonesia Investments

18 24
Diagram Pemegang Saham Utama Analisa dan Pembahasan Manajemen

dan Pengendali Perseroan Management Discussion and Analysis
Information on Majority and
Controlling Shareholders
30
Tata Kelola Perusahaan
19 Corporate Governance
Profil Entitas Anak Perusahaan
Company Subsidiaries Profile
40
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
21
Kronologi Pencatatan Saham
Chronology of Share Listing 41
Surat Pernyataan Anggota
Dewan Komisaris dan Direksi
Board of Commissioners and
23 Directors’ Statement
Nama dan Alamat Profesi

Penunjang Pasar Modal 42
Name and Address of Laporan Keuangan
Professional Firm Financial Statement
Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk 01
Financial Highlights
Ikhtisar Data Keuangan Penting
(dalam jutaan Rupiah, kecuali dinyatakan lain) Per 31 Desember/AS of Desember 31 (in million Rupiah, unless otherwise stated)
Laporan Laba Rugi Komprehensif Consolidated Statement of Comprehensive

Konsolidasian dan Laporan Posisi 2010 2011 2012 Income and Consilidated Statement of
Keuangan Konsolidasian Financial Position
Pendapatan Usaha 76.279 25.341 44.640 Revenue

Laba (Rugi) Kotor (379) (4.948) (3.659) Gross Profit (Loss)
Laba (Rugi) Bersih (486.906) (19.419) 36.546 Net Income (Loss)
Laba (Rugi) Komprehensif (486.906) (19.419) 36.542 Comprehensive Profit (Loss)
Laba (Rugi) yang dapat diatribusikan (486.906) (19.419) 36.546 Profit (loss) atributable to owner
kepada pemilik entitas induk dan of company and
kepentingan non pengendali non-controlling interest
Laba (Rugi) Komprehensif yang dapat (486.906) (19.419) 36.542 Comprehensive Profit (loss)
diatribusikan kepada pemilik entitas atributable to owner of company
induk dan kepentingan non pengendali and non-controlling interest
Jumlah Rata-rata Tertimbang Saham 2.429 8.171 8.688 Total Weighted Average of
yang beredar Outstanding shares
(dalam jumlah jutaan) (in million)
Laba (Rugi) Bersih per Saham Dasar (200) (2) 4 Basic Profit (Loss) per Share
(dalam rupiah penuh) (in full rupiah amount)
Jumlah Aset 786.164 744.581 740.753 Total Assets
Jumlah Liabilitas 143.565 69.649 29.296 Total Liabilities
Jumlah Ekuitas 635.315 674.932 711.457 Total Shareholders' Equity
Rasio - Rasio Keuangan Financial Ratios

Rasio Laba (Rugi) terhadap Jumlah Aset -61,93% -2,61% 4,93% Income (Loss) to Assets Ratio
Rasio Laba (Rugi) terhadap Ekuitas -76,64% -2,88% 5,14% Income (Loss) to Equity Ratio
Rasio Laba (Rugi) terhadap Pendapatan -638,32% -76,63% 81,86% Income (Loss) to Sales Ratio
Rasio Lancar 34,66% 68,02% 229,98% Current Ratio
Rasio Liabilitas terhadap Ekuitas 22,60% 10,32% 4,12% Debt to Equity Ratio
Rasio Liabilitas terhadap Aset 18,26% 9,35% 3,95% Debt to Asset Ratio
02 Laporan Tahunan 2012 Annual Report PT. Kertas Basuki Rachmat Indonesia Tbk
Jumlah Aset Pendapatan Usaha
(Total Assets) (Revenues)
786.164 744.581 740.753 200.000
800.000 76.279 25.341 44.640
0
600.000
-200.000
400.000
-400.000
200.000
-600.000
0
2010 2011 2012
0
2010 2011 2012
Jumlah Liabilitas
(Total Liabilities)
800.000 Laba (Rugi) Komprehensif
(Comprehensive Profit (Loss))
600.000
200.000
36.542
400.000 0
-19.419
143.565 69.649 29.296
200.000 -200.000
0
-400.000
2010 2011 2012
-486.906
-600.000
Jumlah Ekuitas 0
(Total Equity) 2010 2011 2012
635.315 674.932 711.457
800.000
dalam jutaan Rupiah, kecuali dinyatakan lain

600.000 (in million Rupiah, unless otherwise stated)
400.000
200.000
0
2010 2011 2012
Perseroan mencatat penjualan sebesar Rp 44,64
milyar pada tahun 2012 atau mengalami
peningkatan sebesar 76,16 % dibandingkan
tahun 2011 yang sebesar Rp 25,34 milyar.
The Company recorded sales of Rp 44.64 billion in 2012 or

an increase of 76.16 % compared to 2011 sales of Rp 25.34
billion.
Share Trading
Perdagangan Saham
Masa Harga Tertinggi Harga Terendah Harga Penutupan

( Period ) ( Highest Price ) ( Lowest Price ) ( Closing Price )
2011 2012 2011 2012 2011 2012

Triwulan I /
97 71 73 50 77 57
1st Quarter
Triwulan II /
84 65 68 50 70 50
2nd Quarter
Triwulan III /
74 52 50 50 50 51
3rd Quarter
Triwulan IV /
53 55 50 50 50 50
4th Quarter
Masa Peredaran Jumlah Saham Beredar Kapitalisasi Pasar

( Period ) ( Volume ) ( Outstanding Shares ) ( Market Capitalization )
2011 2012 2011 2012 2011 2012

Triwulan I / 999.329.000 1.786.773.000 7.913.117.916 8.687.994.942 609.310.079.532 495.215.711.694
1st Quarter
Triwulan II /
1.726.375.000 311.729.000 7.913.117.916 8.687.994.942 553.918.254.120 434.399.747.100
2nd Quarter
Triwulan III /
725,649,000 205.867.000 7.913.117.916 8.687.994.942 395.655.895.800 443.087.742.042
3rd Quarter
Triwulan IV /
1.255.689.000 222.111.000 8.687.994.942 8.687.995.242 434.399.747.100 434.399.762.100
4th Quarter
(dalam Rupiah, kecuali dinyatakan lain) (in Rupiah, unless otherwise stated)
100
90
80
70
60
50
40
30
20
10
0
Mar Apr Mei Jun Jul Agst Sept Okt Nov Des Jan Feb Mar Apr Mei Jun Jul Agst Sept Okt Nov Des
‘11 ‘11 ‘11 ‘11 ‘11 ‘11 ‘11 ‘11 ‘11 ‘11 ‘12 ‘12 ‘12 ‘12 ‘12 ‘12 ‘12 ‘12 ‘12 ‘12 ‘12 ‘12
Board of Commissioners Report
Laporan Dewan Komisaris
James Johanes
Komisaris Utama
(President Commissioner)
Penilaian terhadap Kinerja Direksi Assessment on Board of Directors’ Performance

Dewan Komisaris menilai bahwa Direksi dan Board of Commissioners considers that the Company’s
manajemen Perseroan telah melakukan usaha yang Board of Directors and management have performed
terbaik dalam menjalankan kegiatan operasional their best efforts to operate the Company during 2012.
perusahaan selama tahun 2012. Hal ini bisa dilihat This can be viewed that the Company recorded sales
dari Perseroan mencatat penjualan sebesar Rp 44,64 of Rp 44.64 billion or an increase of 76.16 %
milyar atau mengalami peningkatan sebesar 76,16 % compared to 2011 sales of Rp 25.34 billion. Despite
dibandingkan tahun 2011 yang sebesar Rp 25,34 sales increased, the Company suffered Gross Loss of Rp
milyar. Walaupun penjualan meningkat, Perseroan 3.66 billion in 2012. Board of Commissioners
masih mengalami rugi kotor sebesar Rp 3,66 milyar consider that the Gross Loss suffered by the Company
pada tahun 2012. Dewan Komisaris menilai bahwa due to non-controlling matters such as decrease in
rugi kotor yang dialami Perseroan karena masalah di selling price of Paper Machine 1 (“PM 1”)’s product
luar kendali Direksi Perseroan yaitu masalah due to the competitors’ products overwhelming the
eksternalitis dimana adanya penurunan harga jual domestic market as the effect of European economic
produk Paper Machine 1 (“PM 1”) akibat adanya crisis and price dumping issues in Japan as well as the
produk pesaing yang membanjiri pasar dalam negeri supplies of the experimental products in the market at
sebagai konsekwensi dari krisis Eropa dan issue low price.
dumping harga dari Jepang serta adanya produk
percobaan ke pasar dengan harga murah.
Langkah Direksi melakukan divestasi entitas anak yang The action of Board of Directors divesting the
telah dituntaskan di tahun 2012 adalah langkah tepat Company’s subsidiary completed in 2012 was an
untuk membantu mengatasi masalah defisit arus kas a p p r o p r i a t e a c t i o n t o r e m e d y t h e C o m p a n y ’s
operasi Perseroan. operational cashflow deficit problem.
Terkait dengan usaha pencarian pendanaan untuk In relation to obtaining funding for the completion of
penyelesaian proyek Paper Machine 2 (“ PM 2”), Paper Machine 2 (“PM 2”) project, Board of
Dewan Komisaris menilai bahwa Direksi telah Commissioners consider that Directors have tried hard
berupaya keras mencari pendanaan untuk penyelesian to look for funding for completion of PM 2 Project
Proyek PM 2 walaupun pada tahun 2012 realisasi although the results hasn’t been achieved in 2012.
pendanaan untuk penyelesaian PM 2 belum terwujud. Board of Commissioners expects that the Directors will
Dewan Komisaris mengharapkan Direksi agar dapat be able to obtain the funding realization for PM 2
menuntaskan realisasi pendanaan untuk penyelesaian project in 2013.
proyek PM 2 dapat terwujud di tahun 2013.
Pandangan atas Prospek Usaha yang disusun Overview on The Business Prospects Prepared by
Direksi Board of Directors
Dewan Komisaris telah melakukan penelaahan atas Board of Commissioners has reviewed on the
Rencana Kerja dan Anggaran Perseroan untuk tahun Company’s Work Plans and Company Budget for
2013. Dari penelaahan atas asumsi-asumsi yang 2013. From our review of the assumptions used and
dipakai dan dengan pertimbangan kondisi ekonomi the economic conditions and the existing competitions,
dan persaingan yang ada, Dewan Komisaris menilai Board of Commissioners considers that the 2013 Work
Rencana Kerja dan Anggaran Perseroan untuk tahun Plans and Company Budgets are reasonable and
2013 adalah wajar dan realistis. Namun, Dewan realistic. Board of Commissioners, however, expects
Komisaris menilai bahwa arus kas operasi Perseroan that deficit in the Company’s operational cash flow in
di tahun 2013 yang masih defisit harus dapat 2013 must be reduced by conducting the efficiency in
dikurangi dengan cara melakukan efisiensi pemakaian raw materials usage and operational cost. Business
bahan baku dan biaya operasi. Strategi usaha mencari strategies by finding strategic partners for sale of PM 1
mitra strategis untuk penjualan produk PM 1 dan products and the completion of PM 2 are appropriate
pengembangan PM 2 merupakan strategi yang tepat strategies expected to be able to improve the
yang diharapkan dapat memperbaiki kinerja Perseroan Company’s performance in 2013.
di tahun 2013.
Komite di bawah Dewan Komisaris Committee Under Board of Commissioners

Dalam tahun 2012, Perseroan hanya memiliki satu In 2012, the Company has only one committee under
komite yang dibawah pengawasan Dewan Komisaris, the supervision of Board of Commissioners, namely
yaitu Komite Audit. Dewan Komisaris telah memantau Audit Committee. Board of Commissioners has
kinerja Komite Audit Perseroan dan meyakini bahwa monitored the performance of the Company’s Audit
pelaksanaan tugas dan tanggung jawab Komite Audit Committee and believes that the execution of Audit
telah sesuai dengan apa yang digariskan dalam Committee’s duties and responsibilities was in
Piagam Komite Audit. accordance with the Audit Committee Charter.
Perubahan Komposisi Dewan Komisaris Board of Commissioners Composition Change

Pada awal tahun 2012 dalam Rapat Umum Pemegang In early 2012, in the Shareholders’ extraordinary
Saham Luar Biasa pada tanggal 3 Januari 2012 meeting on January 3, 2012, it was decided that the
diputuskan perubahan Komisaris Utama yang semula change of President Commissioners from Anton
dijabat oleh Anton Hudyana digantikan oleh James Hudyana to James Johanes and was notarized by
Johanes dan diaktakan dengan akta Notaris Andalia Notary deed No. 02 of Andalia SH MH dated January
SH MH No. 02 tertanggal 3 Januari 2012. Perubahan 3, 2012. The purpose of the change was to achieve
ini dilakukan untuk tercapainya pelaksanaan the implementation of the supervisory duties more
tugas-tugas pengawasan yang lebih efektif. effective.
Atas nama Dewan Komisaris, kami menyampaikan On behalf of Board of Commissioners, we would like to
terima kasih kepada pemegang saham atas thank our shareholders for their trust given to us during
kepercayaan yang telah diberikan selama ini. Kami this time. We also thank Board of Directors and
juga menyampaikan terima kasih kepada Direksi dan management, the Company’s staffs and employees for
manajemen, staf dan kar yawan Perseroan atas their dedication and hard work in running the
dedikasi dan kerja kerasnya dalam menjalankan Company’s operations.
kegiatan usaha Perseroan.
James Johanes
Komisaris Utama/President Commissioner
Board of Directors Report
Laporan Direksi
Kinerja perusahaan mencakup kebijakan strategis, perbandingan hasil dan rencana, dan
kendala-kendala yang dihadapi
Pada tahun 2012, walaupun aktivitas produksi masih bertumpu pada operasional PM 1, Perseroan
telah membukukan penjualan sebesar Rp 44,64 milyar atau mengalami peningkatan sebesar 76,16
% dibandingkan tahun 2011 yang sebesar Rp 25,34 milyar. Produksi kertas tahun 2012 sebesar
7.515 ton finish (“TF”) meningkat sebesar 14,5% dibandingkan tahun 2011 yang sebesar 6.561
TF. Namun, dibandingkan dengan target penjualannya, realisasi penjualan yang tercapai hanya
sebesar 72,4 % karena Kapasitas produksi yang terpakai hanya sekitar 75 % akibat dari
perbaikan mesin dan peralatan selama tahun 2012.
Company Performance includes strategic policies, comparation between results and plans, and
constraints faced
In 2012, eventhough production activities still depend on PM 1 operation, the Company has
recorded sales of Rp 44.64 billion or increase by 76.16% compared to 2011 sales of Rp 25.34
billion. Paper production in 2012 was 7,515 tons finish (“TF”) or increase of 14.5% compared to
2011 production of 6,561 TF. Nevertheless, if it was compared to the sales budget, the
realization of sales was 72.4 % of the budget because the production capacity was used only
75 % due to machines and equipments repaired during 2012.
Perseroan masih mengalami rugi kotor sebesar Rp 3,66 The Company still suffered gross loss about Rp 3.66
milyar di tahun 2012 dan turun sebesar 26,07% billion in 2012 or decrease by 26.07% compared to
dibandingkan tahun 2011 yang sebesar Rp 4,95 2011 gross loss of Rp 4.95 billion because the
milyar karena Perseroan melakukan perubahan Company changed raw materials composition and in
komposisi pemakaian bahan baku dan pada the middle of October 2012 to December 2012, the
pertengahan Oktober 2012 sampai dengan Desember paper production was based on a toll manufacturing or
2012 produksi kertas dilakukan dengan cara makloon, makloon where the production based on “work order”
yang mana produksi sesuai “work order” dan and its main raw materials were supplied by the
pengadaan bahan baku utama dilakukan oleh pemberi orderer.
order kerja.
Meskipun Perseroan membukukan peningkatan Although the Company recorded sale improvement in
penjualan di tahun 2012 dibandingkan tahun 2011, 2012 compared to 2011, Cost of Good Sold in 2012
Beban Pokok Usaha pada tahun 2012 sebesar Rp amounted to Rp 48.30 billion, increase by 59.46%
48,30 milyar, meningkat 59,46% dari tahun 2011 from 2011 Cost of Good Sold of Rp 30.29 billion.
yang sebesar Rp 30,29 milyar. Kenaikan ini karena This was due to increase in major raw materials
adanya peningkatan beban bahan baku utama setelah expense after the Company run the production
Perseroan menjalankan produksi secara mandiri dari independently from January 2012 to mid-October
Januari 2012 sampai dengan pertengahan Oktober 2012.
2012.
Gani Bustan
Direktur Utama
(President Director)
Arus kas Perseroan dari aktivitas operasi selama tahun The Company’s cash flow from the operational activities
2012 masih defisit yaitu sebesar Rp 31,49 milyar. during 2012 was still deficit of Rp 31.49 billion. Cash
Defisit arus kas dari aktivitas operasi ini ditutupi dengan flow deficits from the operational activities were
arus kas dari aktivitas investasi yang berasal dari covered by the cash flow from the investment activities
pelepasan saham entitas anak. originating from the selling of the subsidiary Company’s
share.
Pada bulan Juli 2012, kerjasama PT Kertas Basuki In July 2012, cooperation between PT Kertas Basuki
Rachmat (“KBR”), anak perusahaan, dengan distributor Rachmat (“KBR”), a subsidiary Company, and the sole
tunggal telah berakhir. Karena kondisi penurunan distributor was ended due to the condition of lowering
harga dan permintaan atas produk dari KBR, maka price and demand of the products of KBR, then both
para pihak memutuskan untuk mengakhiri kerjasama. parties decided to terminate the cooperation. To
Untuk mengantisipasi keadaan pasar tersebut, anticipate the market condition, the Company choosed
Perseroan mengambil kebijakan strategis yaitu strategic policy, that is selling was through “work order”
penjualan dilakukan dengan sistem “work order” scheme in which main raw materials was supplied by
dimana pengadaan bahan baku utama dilakukan oleh the orderer.
pemberi order kerja.
Kendala-kendala yang dihadapai Perseroan antara The constraints faced by the Company include high
lain biaya pemeliharaan dan perbaikan cukup tinggi maintenance and repair costs because of the condition
karena kondisi PM 1 yang dibuat pada tahun 1964. of PM 1 made in 1964, PM 1 products selling price
Harga jual produk PM 1 terpengaruh dengan adanya was affected by the European economic crises and
krisis Eropa dan issue dumping harga dari Jepang, price dumping issue from Japan, so that the export
sehingga pasar ekspor berkurang dan produk market reduced and the products over whelm the
membanjiri pasar dalam negeri. Kendala lain adalah domestic market, Another constraint is the opening of
adanya pabrik baru berskala besar yang mulai great-scale new factories starts producing and selling
berproduksi dan menjual produk percobaannya ke their experimental products in the market at low price.
pasar dengan harga murah.
Selama tahun 2012, Perseroan belum dapat During 2012, the Company has not completed the
merealisasikan penyelesaian pembangunan Paper construction of Paper Machine 2 (“PM 2”) due no
Machine 2 (“PM 2”) karena belum mendapatkan funding obtained. This was because of the foreign
sumber pembiayaan untuk PM 2. Hal ini disebabkan exchange credit limitation from banks, mainly for a new
adanya pembatasan kredit valas dari perbankan, company that started entering the export market.
terutama terhadap perusahaan yang baru akan
memasuki pasar ekspor.
Gambaran tentang Prospek Usaha Description on The Business Prospects

Ditengah-tengah persaingan yang ketat untuk kertas In the middle of the hard competition in HVS paper, the
HVS, Perseroan tetap optimis akan prospek usaha Company is still optimistic about the paper business
bidang kertas karena tingkat konsumsi kertas Indonesa prospect as the Indonesian paper consumption rate is
masih rendah dibandingkan Negara-negara ASEAN still lower than the other South-East Asian countries and
lainnya dan juga karena perkiraan tingkat also based prediction that the Indonesian Economic
pertumbuhan ekonomi Indonesia cukup tinggi di tahun growth will be high enough in 2013 about 6.3%. The
2013 sekitar 6,3%. Perseroan akan tetap berusaha Company will remain trying to make its performance in
agar di tahun 2013 kinerja Perseroan akan lebih baik 2013 much better by diversification of the products and
lagi dengan mencoba membuat diversifikasi produk finding the strategic partners for selling PM 1 products.
yang dihasilkan dan mencari mitra strategis untuk The Company’s performance in 2013, however, is
penjualan produk PM 1. Namun, kinerja Perseroan di predicted to improve insignificantly as it still depends on
tahun 2013 diperkirakan tidak akan meningkat secara PM 1 operation.
signifikan karena masih bertumpu pada operasional
PM 1.
Pada tahun 2013, Perseroan tetap melanjutkan proses In 2013, the Company will continue to look for funding
pencarian dana ke perbankan atau mencari investor from the bank or by finding a strategic investor to finish
untuk menyelesaikan PM 2. PM 2.
Penerapan Tata Kelola Perusahaan Implementation of Company Governance

Sebagai bagian dari Tata Kelola Perusahaan yang As a part of a Good Corporate Governance, the
baik, Perseroan selalu mendukung tugas-tugas Audit Company always supports the undertaking of Internal
Internal dan Komite Audit. Audit Internal secara rutin Audit and Audit Committee jobs. Internal Auditor
mendiskusikan hasil temuan-temuan audit kepada regularly discusses the audit findings to the Audit
Komite Audit dan Direksi Perseroan. Pada tahun 2012 Committee and Board of Directors. In 2012, the
Perseroan belum membakukan kode etik dan budaya Company has not standardized code of ethics and
perusahaan termasuk sistem pelaporan pelanggaran Company culture including whistleblowing system. The
(whistleblowing). Perseroan masih terus Company still continues developing Good Corporate
mengembangkan Tata Kelola Perusahaan yang baik. Governance. The code of ethics, procedure of Board of
Kode etik, prosedur penetapan remunerasi Dewan Commissioners/Directors remuneration and
Komisaris/Direksi, dan pengembangan sistem whistleblowing system are planned to be developed in
pelaporan pelanggaran (whistleblowing system) the future.
direncanakan akan dikembangkan di masa-masa yang
akan datang.
Pada tahun 2012, tidak ada perubahan komposisi In 2012, there is no change in Board of Directors.
Direksi Perseroan.
Kami menyampaikan terima kasih dan penghargaan We convey our gratitude and appreciation to the Board
kepada Dewan Komisaris dan seluruh karyawan atas of Commissioners and all employees for their
kerja keras dan dedikasinya sehingga Perseroan dapat dedications and hard works so that the Company will
mencapai perbaikan dan peningkatan kinerja reach the improvement and performance improvement
sebagaimana yang diharapkan di tahun 2012. as expected in 2012.
Kami juga menyampaikan terima kasih dan We also convey our gratitude and high appreciation to
penghargaan yang setinggi-tingginya kepada the shareholders for all the supports given, so the
Pemegang Saham atas segala dukungan yang Company can continue its improvements in 2012. We
diberikan, sehingga Perusahaan dapat terus melakukan also convey our appreciation to our customers, business
pengembangan di tahun 2012. Penghargaan juga partners, and all other stakeholders for the cooperation
kami sampaikan kepada para pelanggan, mitra usaha, and your support to the Company. We expect that in
mitra kerja, dan pemangku kepentingan lain atas kerja the future you will keep your support, confidence,
sama dan dukungan yang telah diberikan kepada cooperation, and hard work to get better and better.
Perseroan. Kami mengharapkan agar di masa
mendatang dukungan, kepercayaan, kerjasama dan
kerja keras tersebut dapat dilanjutkan agar semuanya
menjadi lebih baik lagi.
Gani Bustan
Direktur Utama/Presiden Director
Company Profile
Profil Perusahaan
PT. Kertas Basuki Rachmat Indonesia Tbk
Menara Rajawali Lantai 6
Jl. DR. Ide Anak Agung Gde Agung Lot # 5.1,
Kawasan Mega Kuningan, Jakarta 12950
Telp. : +62-21 576 2612 (hunting)
Fax. : +62-21 576 2619
Email : [email protected]
Website : www.kbri.co.id
Riwayat Singkat Perusahaan Company Brief History

PT. Kertas Basuki Rachmat Indonesia Tbk (“Perseroan”) PT. Kertas Basuki Rachmat Indonesia Tbk (“Company”)
didirikan dengan nama PT Indhasana berkedudukan di was established on the name PT Indhasana located in
Jakarta, sesuai dengan Akta Pendirian No. 21 tanggal Jakarta according to Establishment Certificate No. 21
14 Februari 1978 yang dibuat di hadapan Notaris E. at the date February 14, 1978 made in front of the
Sianipar SH, Notaris di Jakarta. Akta ini telah disahkan Public Notary E, Sianipar SH, Public Notary in Jakarta.
oleh Menteri Kehakiman Republik Indonesia dengan The deed of establishment was approved by Minister of
Surat Keputusan No. Y.A.5/231/24 tanggal 12 Justice Republic of Indonesia with Letter of Decision No.
Oktober 1979 dan telah diumumkan dalam Berita Y.A.5/231/24 on October 12, 1979 and has been
Negara No. 51, Tambahan No. 834/1986 tanggal notified in Indonesian Of ficial Gazette No.51
27 Juni 1986. Pada tahun 2008, Perseroan telah Supplement No. 834/1986 dated June 27, 1986. In
menjadi perusahaan publik. Anggaran Dasar 2008, the Company has become a publicly listed
Perseroan telah mengalami beberapa kali perubahan, company. The Company’ article of association has
terakhir dengan Akta No. 9 tanggal 21 September been amended several times, and the last amendment
2011 dibuat dihadapan Notaris Andalia Farida, SH., was based on the notarial deed of Andalia Farida, SH.
MH, notaris di Jakarta antara lain mengenai MH No. 9 dated 21 September 2011 regarding the
perubahan susunan pengurus terakhir dan tempat change of Board of Directors composition, the
kedudukan Perseroan serta penambahan modal tanpa Company’s domicile and the Company’s right issue or
HMETD. HMETD.
Maksud dan tujuan Perseroan ialah berusaha dalam The Company’s scope of activities is engaged in trade,
bidang perdagangan, perindustrian dan jasa. Untuk industry and services. In order to achieve this, the
mencapai maksud dan tujuan tersebut, Perseroan dapat Company can undertake the businesses as follows:
melaksanakan kegiatan usaha sebagai berikut: a. Export and import in paper, cartoon, and the
a. Ekspor impor perdagangan kertas, karton dan equipments trade.
peralatannnya. b. Paper industry.
b. Industri kertas. c. Business, management and administration
c. Konsultan bidang bisnis, manajemen dan consultant.
administrasi.
Saat ini, Perseroan tidak mempunyai aktivitas usaha Today, the Company does not have any business
dan hanya mempunyai satu entitas anak yang activities and has only one operating subsidiar y
beroperasi yaitu PT Kertas Basuki Rachmat, dengan company, namely PT Kertas Basuki Rachmat which
produk kertas yang dihasilkan adalah kertas HVS dan produces HVS and CD.
CD.
Struktur Organisasi Perseroan (Company Organizational Chart)
Dewan Komisaris (Board of Commissioners)

James Johanes
Komisaris Utama/Komisaris Independen
(President Commissioner/Independent Commissioner)
Ferdy Yustianto & Adam Ariaji

Komisaris (Commissioner)
James Johanes
Mursalman Ahadi
Deden Hendrayana
Komite Audit
Gani Bustan (Audit Commitee)
Direktur Utama
(President Director)
Budi Priyadi Bassa Suseno Aswaldi Sofyan

Sekretaris Perusahaan Pengawas Bisnis Kepala Audit Internal
(Corporate Secretary) (Business Controller) (Internal Audit Head)
T. Ito Prawira J A. Kristijanto

Direktur Keuangan Direktur Operasi
(Finance Director) (Operation Director)
Dwi Setiawan Dodiek Ariyanto Harrysal Azwar

Manajer Keuangan & Akuntansi Manajer Umum Manajer Pabrik
(Finance & Accounting Manager) (General Affair Manager) (Mill Manager)
Visi dan Misi Vision and Mission
Visi Vision
Menjadi produsen kertas paling efisien dari segi biaya Becoming the most cost efficient Indonesian paper
di Indonesia, beroperasi secara berkesinambungan producer, operating continuously with environment
dan ramah lingkungan, guna menghasilkan kertas friendly, and to produce high quality paper by offering
berkualitas tinggi yang menawarkan nilai tambah bagi value added to constumers.
konsumen.
Misi Mission
Menghasilkan kertas berkualitas tinggi serta To produce high quality papers, provide efficient
menyediakan solusi yang efisien bagi para konsumen solution to the consumers and participate in conserving
dan berperan ser ta untuk menjaga kelestarian environment.
lingkungan.
Company Management
Pengurus Perseroan
DEWAN KOMISARIS BOARD OF COMMISSIONERS
James Johanes James Johanes

Komisaris Utama dan Komisaris Independen President Commissioner and Independent
Commissioner
Meraih gelar Master of Business Administration di West He obtained Master of Business Administration degree
Coast University , California. Pada Desember 2010- from West Coast University, California. In December
Agustus 2011 dipercaya sebagai Komisaris di PT. 2010 - August 2011 he was appointed as
Benakat Petroleum Energy Tbk. Sejak Desember 2010 Commissioner of PT. Benakat Petroleum Energy Tbk.
menjabat sebagai Direktur Utama PT. Samudra Multi Since December 2010 he is as President Director of
Lines. Penunjukan Beliau sebagai Komisaris Utama dan PT. Samudra Multi Lines. He has been appointed as
Komisaris Independen PT. Kertas Basuki Rachmat President Commissioner and Independent
Indonesia Tbk dilakukan melalui Rapat Umum Commissioner of PT. Kertas Basuki Rachmat Indonesia
Pemegang Saham Luar Biasa pada tanggal 3 Januari Tbk in the Extraordinary of Shareholders’ Meeting on
2012 dan diaktakan dengan Akta Notaris Andalia January 3, 2012 and notarized on the notarial deed of
Farida S.H.,M.H Nomor 02 tanggal 3 Januari 2012. Andalia Farida SH.MH No. 02 dated Januari 3,
2012.
Ferdy Yustianto Ferdy Yustianto

Komisaris Commissioner
Meraih Sarjana Tehnik Industri dari Universitas Trisakti He obtained degree in Industrial Engineering (“Sarjana
dan meraih gelar Master of Business Administration Teknik Industri”) from Trisakti University and obtained
dari California State University, Fullerton. Memulai Master of Business Administration degree from
karirnya pada tahun 1999 sebagai Asisten Direktur California State University, Fullerton. He started his
Pengembangan di Mich Development, Pasadena, career in 1999 as Assistant Director for Development in
California dan tahun 2000 di PT Bank Daichi Kangyo Mich Development, Pasadena, California and in 2000
Indonesia sebagai Marketing Executive. Selama tahun at PT Bank Daichi Kangyo Indonesia as Marketing
2002- 2008 menjabat sebagai Kepala Divisi Inspeksi Executive. During 2002- 2008 held position as Head
PT. Geoservices Ltd. Tahun 2008- 2011 sebagai of Inspection Division in PT. Geoservices Ltd. In 2008-
Direktur Keuangan PT. Benakat Barat Petroleum, 2011 he held position as Finance Director in PT.
kemudian dipercaya sebagai Komisaris hingga saat Benakat Barat Petroleum, then appointed as
ini. Tahun 2009- 2011 menjabat posisi Direktur PT. Commissioner until today. During 2009- 2011 he was
Benakat Petroleum Energi Tbk, kemudian sebagai Director of PT. Benakat Petroleum Energi Tbk, then
Komisaris hingga saat ini. Melalui Rapat Umum became Commissioner until today. In the Extraordinary
Pemegang Saham Luar Biasa pada 21 September of Shareholders’ Meeting on September 21, 2011 and
2011 dan diaktakan dengan Akta Notaris Andalia notarized in the notarial deed of Andalia Farida
Farida S.H.,M.H Nomor 09 tanggal 21 September SH.MH No. 09 dated September 21, 2011, he has
2011, Beliau dipercaya sebagai Komisaris di PT. been appointed as Commissioner in PT. Kertas Basuki
Ker tas Basuki Rachmat Indonesia Tbk. Saat ini Rachmat Indonesia Tbk. Today he also holds position as
menjabat juga sebagai Direktur Keuangan PT. Perdana Finance Director in PT. Perdana Sawit Mas and PT.
Sawit Mas dan PT. Cakrawala Sejahtera Sejati. Cakrawala Sejahtera Sejati.
Adam Ariaji Adam Ariaji

Komisaris Commissioner
Menempuh pendidikan di Thames Business College, Enrolled study in Thames Business College, Singapore
Singapura pada tahun 2005. Pada tahun 2005-2007 in 2005. During 2005-2007 became Operational
menjadi Operational Personnel di PT. Sinar Pedoman Staff in PT. Sinar Pedoman Abadi. In 2008 – today he
Abadi. Pada tahun 2008 - sekarang dipercaya has been appointed as Commissioner in the same
sebagai Komisaris di perusahaan yang sama. Juga Company. He also has held position as Operating
menjabat sebagai Manager Operasional di PT. Manager in PT, Tridiantara Alvindo since 2008 until
Tridiantara Alvindo sejak tahun 2008 hingga saat ini today and as Director in PT, Indhasana Energy since
dan sebagai Direktur di PT. Indhasana Energy sejak 2009 until today. In the General of Shareholders’
tahun 2009 hingga saat ini. Melalui Rapat Umum Meeting on June 25, 2010 and notarized in the
Pemegang Saham Tahunan pada 25 Juni 2010 dan notarial deed of Andalia Farida SH.MH No. 195
diaktakan dengan Akta Notaris Sutjipto S.H.,MKn dated 25 Juni 2010, he has been appointed as
Nomor 195 tanggal 25 Juni 2010, Beliau ditunjuk Commissioner in PT. Kertas Basuki Rachmat Indonesia
sebagai Komisaris di PT. Kertas Basuki Rachmat Tbk. As of December 31, 2012, he holds
Indonesia Tbk. Pada tanggal 31 Desember 2012, 100.239.250 shares of the Company (1.15%).
Beliau memiliki 100.239.250 saham Perseroan
(1,15%).
DIREKSI BOARD OF DIRECTORS
Gani Bustan Gani Bustan

Direktur Utama President Director
Memperoleh gelar Bachelor of Business Administration He obtained Bachelor of Business Administration
pada Desember 1990, dan pada Mei 1992 meraih degree in December 1990, and in May 1992 got
gelar Master of Business Administration di The Wichita Master of Business Administration degree from The
State University, Kansas. Memulai karir Mei 1993 - Wichita State University, Kansas. Starting career in
April 1998 di PT. Bank International Indonesia, Tbk. May 1993 - April 1998 in PT, Bank International
Pada April 1998 - Januari 2000 di PT. Mega Bank, Indonesia, Tbk. During April 1998 - January 2000 in
Tbk. Melanjutkan karir pada Januari 1999 - Mei PT. Mega Bank, Tbk. He continued his career in
2003 di Siwani Kahuripan. Pada Oktober 2002 - January 1999 - May 2003 in Siwani Kahuripan.
Mei 2003 dipercaya sebagai President Director di PT. During October 2002 - May 2003 he was as
Mutiara Sukses Sejati. Pada Juni 2003 - Juni 2005 President Director of PT. Mutiara Sukses Sejati. During
menjabat di PT. Wiharta Karya Agung sebagai Head June 2003 - June 2005 he held position of Head of
of Business Development. Pada Agustus 2005 - Mei Business Development in PT. Wiharta Karya Agung.
2007 berkarya sebagai Commisioner PT. Maxima During August 2005 - May 2007 worked as
Infrastructure. Berlanjut sebagai Commisioner PT. Commissioner in PT. Maxima Infrastructure. Continued
Truba Alam Manunggal, Tbk pada Oktober 2006 - as Commisioner in PT. Truba Alam Manunggal, Tbk in
Mei 2007. Pernah menjabat Direktur PT. DH Energy October 2006 - May 2007. He was Director in PT. DH
dari Maret 2007 - April 2009. Tahun 2007 - 2011, Energy from Maret 2007 to April 2009. In 2007 -
menjabat sebagai Direktur PT Darma Henwa Tbk. 2011, he held position as Director in PT Darma Henwa
Tahun 2011 - sekarang dipercaya sebagai Direktur PT Tbk. From 2011 - present he hold position as Director
Benakat Oil dan Direktur KSO Pertamina EP – Patina in PT Benakat Oil and Director in KSO Pertamina EP -
Group Ltd., dan Direktur Utama PT. Kertas Basuki Patina Group Ltd., and he has been appointed as
Rachmat Indonesia Tbk melalui Rapat Umum Pemegang President Director of PT. Ker tas Basuki Rachmat
Saham Luar Biasa pada 21 September 2011 dan Indonesia Tbk in the Extraordinary of Shareholders’
diaktakan dengan Akta Notaris Andalia Farida Meeting on September 21, 2011 and notarized in the
S.H.,M.H Nomor 09 tanggal 21 September 2011. notarial deed of Andalia Farida SH. MH. No. 09
dated September 21, 2011.
Theodorus Ito Prawira Jatty Theodorus Ito Prawira Jatty

Direktur Keuangan Finance Director
Sarjana Akuntasi dari Fakultas Ekonomi Universitas He obtained degree in Accountancy (“Sarjana
Tarumanegara. Mulai bekerja pada tahun 1986 di Akuntansi”) from the Faculty of Economics,
bidang keuangan dan akuntansi, kemudian pada Tarumanegara University. He started working in 1986
tahun 1989 meniti karir di PT. Indonesia Prima Property in the field of finance and accounting. In 1989 he
Tbk (d/h PT. Ometraco Realty Tbk) s/d tahun 1999. started career in PT. Indonesia Prima Property Tbk
Periode tahun 2000 - 2009 bekerja di PT. Jababeka (formely PT. Ometraco Realty Tbk) until 1999. In 2000
Tbk dengan jabatan terakhir GM Div. Finance & - 2009 period, he worked in PT, Jababeka Tbk with the
Accounting dan sebelum menjadi Direktur melalui last position as GM of Finance & Accounting Division.
mekanisme Rapat Umum Pemegang Saham Luar Biasa Before he has been appointed as Director of PT Kertas
tanggal 29 Maret 2011 dan diaktakan dengan Akta Basuki Rachmat Indonesia Tbk based on the
Notaris Sutjipto S.H.,MKn Nomor 208 tanggal 29 Extraordinary of Shareholders’ Meeting on March 29,
Maret 2011di PT Kertas Basuki Rachmat Indonesia 2011 and notarized in the notarial deed of Sutjipto
Tbk, Beliau menjabat sebagai Chief Financial Officer SH. MKn. No. 208 dated March 29, 2011, he was
di PT. Bela Group. Sejak Desember 2012, Beliau as Chief Financial Officer di PT. Bela Group. Since
ditunjuk sebagai Komisaris Independen untuk PT. December 2012, he has been appointed as
Benakat Petroleum Energi Tbk. Independent Commissioner of PT. Benakat Petroleum
Energi Tbk.
Antonius Kristijanto Antonius Kristijanto

Direktur Operasi Operation Director
Berlatar belakang pendidikan Mechanical Has Mechanical Engineering academic background.
Engineering. Karirnya diawali tahun 1969 -1972 His career was started in 1969 - 1972 as Mechanical
sebagai Mechanical Engineering di salah satu Engineering in a palm Company and in 1971 - 1974
perusahaan sawit dan tahun 1971 - 1974 di Nestle in Nestle Swiss Company. He has worked in 1974 -
Swiss Company. Berkarya sejak tahun 1974 - 2005 di 2005 in Surabaya Agung Industry Pulp & Paper with
Surabaya Agung Industry Pulp & Paper dengan jabatan the last position as Director. In 2005 - 2006 he held
terakhir sebagai Direktur. Tahun 2005 - 2006 General Manager of PT. Mangium Anugerah Lestari
menjabat General Manager di PT. Mangium Anugerah (United Fiber System Singapore) and in 2007 - 2009
Lestari (United Fiber System Singapore) dan di tahun as President Director. In 2009 - 2011 he was as
2007 - 2009 sebagai President Director. Pada tahun Operation Director of PT. Star Paper Supply. He has
2009 - 2011 menjabat Operations Director PT. Star been appointed as Operation Director of PT. Kertas
Paper Supply. Sejak ditetapkan dalam Rapat Umum Basuki Rachmat Indonesia Tbk in the Extraordinary of
Pemegang Saham Luar Biasa tanggal 29 Maret 2011 Shareholders’ Meeting on March 29, 2011 and
dan diaktakan dengan Akta Notaris Sutjipto S.H.,MKn notarized in the notarial deed of Sutjipto SH. MKn.
Nomor 208 tanggal 29 Maret 2011, Beliau menjabat No. 208 dated March 29, 2011.
Direktur Operasional PT. Kertas Basuki Rachmat
Indonesia Tbk.
Pelatihan Direksi Training for Board of Commissioners and Directors

Selama tahun 2012, anggota Dewan Komisaris dan In 2012, members of Boards of Commissioners and
Direksi tidak mengikuti suatu pelatihan khusus untuk Directors have not taken special training for
manajemen. Pengembangan diri anggota Dewan Management. Personal development of members of
Komisaris dan Direksi diserahkan kepada anggota Boards of Commissioners and Directors are up to each
masing-masing. of them.
Employees Composition by Educational Degrees
Komposisi Karyawan menurut Jenjang Pendidikan
Nama Perusahaan Jumlah Karyawan
S2 S1 D3 SLTA SLTP SD
(Company Name) (Number of Workers)
PT. Kertas Basuki 14 2 8 1 3 - -

Rachmat Indonesia Tbk
PT. Kertas Basuki Rachmat 169 - 24 8 124 8 5
PT. HTI Basuki Rachmat
- - - - - - -
Total 183 2 32 9 127 8 5
Pelatihan untuk Karyawan Training for Employees

Selama tahun 2012, Perseroan telah mengirim During 2012, the Company has sent some Accounting
beberapa staf departemen akuntansi untuk mengikuti Division staff to enroll PSAK to IFRS convergence
pelatihan konvergensi PSAK ke IFRS yang training held by Indonesian institute of accountants. For
diselenggarakan oleh Ikatan Akuntan Indonesia. Untuk plant employees, we have conducted some internal
karyawan pabrik telah diberikan beberapa pelatihan training such as refreshment training of production
internal antara lain pelatihan penyegaran untuk process and maintenance technics training etc.
masalah proses produksi dan teknis perawatan dan
lain-lain.
Shareholders Composition
Komposisi Pemegang Saham
Rincian pemegang saham Perseroan dan The Shareholders’composition and their ownership on
kepemilikannya pada tanggal 31 Desember 2012 December 31, 2012 are as follows:
sebagai berikut:
Pemegang Saham Jumlah Saham Persentase

(Shareholders) (Number of Shares) (Percentage)
PT Danatama Perkasa 1.136.197.697 13,08%

Wyoming International Limited 990.005.000 11,40%
PT Wahyu Berkat Abadi 774.877.000 8,92 %
PT Danatama Makmur 765.500.000 8,81%
Riverton Group Holdings Limited 709.923.083 8,17 %
Ferry Sudjono 600.000.000 6,91 %
Adam Ariaji *) 100.239.250 1,15%
Masyarakat/Public (dibawah 5%) 3.611.253.212 41,57%
Jumlah / Total 8.687.995.242 100%
*) Pada tanggal 31 Desember 2012 menjabat *) As of December 31, 2012 act as Commissioner in
sebagai Komisaris di Perseroan. the Company.
Information on Majority and Controlling Shareholders
Diagram Pemegang Saham Utama dan
Pengendali Perseroan
Konsorsium Keluarga Boediono dan Investor Lainnya

(Consortium of Family Boediono and Other Investors)
Yusuf Ardhi Riverton Group Wyoming

Adam Ariaji
Boediono Holdings Limited International Limited
1,15% 1,57%
1,15% 8,17% 11,40%
PT. KERTAS BASUKI

RACHMAT INDONESIA TBK.
Company Subsidiaries Profile
Profil Entitas Anak Perusahaan
Entitas Anak : PT Kertas Basuki Rachmat Entitas Anak : PT HTI Basuki Rachmat
(Subsidiary) (Subsidiary)
Alamat : Jl. Jend. Basuki Rachmat, Alamat : Menara Rajawali Lantai 6,

(Address) Banyuwangi 68414 (Address) Jl. DR. Ide Anak Agung Gde
Agung Lot 5.1,
Kawasan Mega Kuningan,
Jakarta 12950
Telepon : +62 - 333 421 025 Telepon : +021 - 576 2612 (hunting)
(Phone) (Phone)
Faksimil : +62 - 333 422 532 Faksimil : +021 - 576 2619

(Facsimile) (Facsimile)
Bidang Usaha : Pabrik Kertas Bidang Usaha : Tanaman Industri

(Field of Business) (Paper manufactured) (Field of Business) (Industrial Forest)
Tahun Operasional : 1971 Tahun Operasional : Belum Beroperasi
Komersial Komersial (Not Operating)
(Commercial (Commercial
Operating Year) Operating Year)
Presentase : 99.99% Presentase : 100%

Kepemilikan Kepemilikan
(Percentage of (Percentage of
Ownership) Ownership)
RIWAYAT SINGKAT ENTITAS ANAK PERUSAHAAN SUBSIDIARY COMPANIES BRIEF HISTORY
PT Kertas Basuki Rachmat (“KBR”), Banyuwangi PT Kertas Basuki Rachmat (“KBR”), Banyuwangi
KBR didirikan dalam rangka Peraturan Pemerintah KBR was established based on the Indonesia
Republik Indonesia No. 58 tahun 1971 dengan bentuk Government Regulation No. 58 Year 1971 in the form
Perusahaan Umum (Perum). Bentuk dan anggaran of Public Company (Perum). The Articles of Association
dasar Perusahaan telah mengalami beberapa kali of KBR have been amended several times, and the last
perubahan, terakhir dengan akta notaris No. 77 amendment was notarized in the notarial deeed of
tanggal 9 Mei 2011 dari Sutjipto, S.H yang telah notary Sutjipto, SH No. 77 dated Mei 9, 2011 which
memperoleh persetujuan dari Menteri Hukum dan Hak was approved by Minister of Justice and Human Rights
Asasi Manusia Republik Indonesia No. Republic of Indonesia No. AHU-33700.AH.01.02
AHU-33700.AH.01.02 Tahun 2011 tanggal 6 Juli Year 2011 dated July 6, 2011 concerning increase in
2011 antara lain mengenai peningkatan modal dari authorized capital from Rp 1,000,000,000,000 to Rp
semula Rp 1.000.000.000.000 menjadi Rp 1,500,000,000,000.
1.500.000.000.000.
Efektif sejak tanggal 29 Oktober 2008, berdasarkan Effective since October 29, 2008, based on License
surat persetujuan dari Badan Koordinasi Penanaman issued by Investment Coordination Board No,
Modal No. 43/V/PMDN/2008 Perusahaan telah 43/V/PMDN/2008, the Company changed its status
mengalami perubahan status dari perusahaan from Foreign Direct Investment (“PMA”) Company into
Penanaman Modal Asing ("PMA") menjadi perusahaan Domestic Investment (“PMDN”).
Penanaman Modal Dalam Negeri ("PMDN").
KBR memiliki pabrik berlokasi di jalan Jendral Basuki KBR has a plant located on Jalan Jendral Basuki
Rachmat, Banyuwangi, Jawa Timur, di areal tanah Rachmat, Banyuwangi, East Java, on land of 52 Ha.
seluas 52 hektar, Saat ini Paper Machine 1 (“PM 1”) Currently, KBR’s PM 1 produces printing/writing paper
yang beroperasi menghasilkan produk "kertas budaya" such as HVS and CD by using waste paper as raw
atau kertas tulis/cetak yaitu HVS dan CD dengan materials. All products of PM 1 are absorbed by
menggunakan bahan baku kertas bekas (waste paper). domestic market. PM 1 production capacity is 10,000
Seluruh produk PM 1 diserap oleh pasar domestik. tons per year.
Kapasitas produksi PM 1 sebesar 10.000 ton per
tahun.
Pada tahun 1994 dilakukan pengembangan dengan In 1994 Paper Machine 2 (“PM 2”) project was built to
membangun Paper Machine 2 (PM 2) untuk produce “Uncoated Wood Free paper” with the
memproduksi “uncoated wood free paper” dengan capacity about 200,000 tons per year by using pulp
kapasitas 200.000 ton per tahun dengan as its raw material. In 1998 the Company suffered
menggunakan bahan baku pulp. Pada tahun 1998 national-scale and regional-scale economic and
Perseroan mengalami terpaan krisis ekonomi dan monetary crisis. Consequently, the construction of PM 2
moneter yang berskala nasional maupun regional project was stopped at 80% - 90% completion.
sehingga pekerjaan proyek PM 2 yang telah mencapai Funding of the remaining completion of 10%-20% is
80% - 90% terhenti. Penyelesaian PM 2 yang masih being sought.
tersisa 10% - 20% sedang diusahakan pendanaannya.
Pabrik juga dilengkapi dengan fasilitas seperti instalasi The plant is also equipped with several facilities such as
pengolah air limbah (IPAL), sarana ibadah, sport center, waste water treatment plant (WWTP), religious
dan juga perumahan untuk karyawan pabrik. facilities, a sports center, as well as housing for
employees of the plant.
PT HTI Basuki Rachmat (“HBR”), Jakarta PT HTI Basuki Rachmat (“HBR”), Jakarta
HBR didirikan berdasarkan Akta Notaris Wahyu HBR was established based on the notarial deed of
Nurani SH di Jakarta No. 12 tanggal 5 Februari 2008 Wahyu Nurani SH in Jakarta No. 12 on February 5,
dan telah mendapat pengesahan oleh Menteri Hukum 2008 and was approved by Minister of Justice and
dan Hak Asasi Manusia Republik Indonesia dengan Human Rights Republic of Indonesia in his decree No.
Surat Keputusan Nomor AHU-10509.AH.01.01 AHU-10509.AH.01.01 Year 2008 dated March ,3
Tahun 2008 tanggal 3 Maret 2008. Saat ini HBR 2008. Currently, HBR has not operated yet.
belum beroperasi.
Chronology of Share Listing
Kronologi Pencatatan Saham
Penawaran Umum Saham Perdana Initial Public Offering (IPO)
(Initial Public Offering/IPO)
Pada tanggal 30 Juni 2008 Perseroan memperoleh On June 30, 2008, the Company received the
pernyataan efektif dari Ketua Bapepam-LK dengan effective statement from the Chief Bapepam-LK in his
surat No. S-4213/BL/2008 untuk melakukan letter No. S-4213/BL/2008 for the Initial Public
Penawaran Umum Perdana Saham Perseroan berupa Offering of its common share Seri B amounted to
Saham Biasa atas nama Seri B kepada masyarakat 1,360,000,000 shares with the nominal value of Rp,
sebanyak 1.360.000.000 lembar saham dengan 100 per share, or represented 35.24% ownership and
nilai nominal perlembar Rp. 100, atau mewakili its offer price of Rp 260 per share.
35.24% kepemilikan, dan ditawarkan ke publik
dengan harga Rp. 260 per lembar.
Pada tanggal 4, 5 dan 7 Juli 2008 Perseroan telah On July 4, 5 and 7, 2008, the Company conducted
melaksanakan penawaran umum perdana sahamnya Initial public offering for its shares and on July 11,
dan tanggal 11 Juli 2008 berhasil mencatatkan 2008 the Company listed its shares successfully in
sahamnya di Bursa Efek Indonesia dengan hasil Indonesian Stock Exchange with the amount of Rp
sebesar Rp 353.600.000.000. Bagian terbesar dana 353,600,000,000. The proceed was mainly used for
dari hasil penawaran tersebut digunakan untuk the take over of 65.9% shares of Goal Trading Asset
pengambilalihan saham Goal Trading Asset Ltd. di KBR Ltd. in and for working capital after deducted by IPO
sebanyak 65,9% dan untuk Modal Kerja setelah cost.
dikurangi dengan biaya penawaran umum.
Bersamaan dengan penawaran umum saham ini Along with the IPO, the Company issued Warrant Seri
Perseroan menerbitkan Waran Seri I sebanyak I of 875,000,000 at exercise price of Rp 265 per
875.000.000 lembar dengan harga pelaksanaan share; with the condition that each holder of 272 new
sebesar Rp265 per lembar saham; dan dengan shares received 175 Warrant Seri I for free; and each
ketentuan bahwa setiap pemegang 272 saham baru holder one of 1 Warrant Seri I registered in the list of
basil penawaran umum melekat 175 Waran Seri I Warrant Seri I holders was entitled to purchase new
secara cuma-cuma; dan setiap pemegang satu Waran common share by exercising it during the stock
Seri I yang terdaftar dalam daftar pemegang Waran exchange working days and effective period of warrant
Seri I berhak untuk membeli saham baru dengan cara exercise. The exercise period of Warrant Seri I ended
melakukan pelaksanaan pada hari bursa selama masa on July 8, 2011. As per December 31, 2011 there
berlaku pelaksanaan. Periode pelaksanaan Waran seri was conversion of Warrant Seri I into the Company
I telah berakhir pada tanggal 8 Juli 2011. Per 31 common share of 28,796 shares.
Desember 2011 telah terjadi konversi Waran Seri I
menjadi saham Perseroan sebanyak 28.796 lembar
saham.
Aksi Korporasi “Penggabungan Nilai Nominal Reverse Stock

Saham “ (Reverse Stock)
Pada tanggal 19 Agustus 2010, Perusahaan On August 19, 2010, the Company made Reverse
melakukan penggabungan nilai nominal saham yaitu; Stock of 2 shares into 1 share and 2 units Warant Seri
2 saham menjadi 1 saham dan 2 Waran Seri I I into 1 unit Warrant Seri I, by changing the nominal
menjadi 1 Waran Seri I, dengan mengubah nilai value of share Seri A from Rp 200 to Rp400 and
nominal saham Seri A dari Rp 200 menjadi Rp 400 nominal value of share Seri B from Rp100 into Rp200
dan saham Seri B dari Rp 100 menjadi Rp 200 serta as well as the exercise price of Warrant Seri I of share
harga pelaksanaan Waran Seri I (atas saham Seri B) Seri B from Rp 265 to Rp 530.
dari Rp 265 menjadi Rp 530.
Penawaran Umum Terbatas I (PUT I) dengan HMETD Right Issue I (“PUT I”) with preemptive rights
(“HMETD”)
Pada tanggal 20 Oktober 2010, Perseroan On October 20, 2010, the Company submitted the
menyampaikan dokumen Pernyataan Pendaftaran Registration document of PUT I with HMETD to the Chief
dalam rangka Penawaran Umum Terbatas I (PUT I) of Bapepam-LK. The Company offered
kepada Para Pemegang Saham dalam rangka 5.983.089.146 share Seri C or equivalent to
penerbitan Hak Memesan EfekTerlebih Dahulu 75.61% of the issued capital with the nominal value of
(HMETD), kepada Ketua Bapepam-LK. Perseroan Rp. 100 per share and its execution price of Rp. 101
menawarkan sebanyak 5.983.089.146 saham seri C per share.
atau sebesar 75,61% dari modal ditempatkan dan
disetor penuh dengan nilai nominal Rp. 100 per saham
dan harga pelaksanaan Rp. 101 per saham.
Setiap pelaksanaan 30 HMETD dalam rangka Each exercise of 30 HMETD in relation to purchasing
membeli 30 saham yang yang ditawarkan dalam PUT 30 shares offered in PUT I will receive 1 Warrant Seri II
I memperoleh 1 Waran seri II secara cuma-cuma, for free, where 1 Warrant Seri II can be used to
dimana 1 Waran seri II dapat dipergunakan membeli purchase 1 common stock Seri C with nominal value of
1 saham biasa seri C yang bernilai nominal Rp 100,- Rp 100,- at the execution price of Rp 105 during
setiap saham dengan harga pelaksanaan sebesar Rp Warrant Execution period starting from Juni 6, 2011 to
105 selama periode Pelaksanaan Waran yaitu mulai December 5, 2013. The issued Warrant seri II totalled
tanggal 6 Juni, 2011 sampai dengan 5 Desember, 199,436,305 Warrant. As per December 31, 2012
2 0 1 3 . J u m l a h Wa r a n s e r i I I d i t e r b i t k a n some Warrant Seri II was converted to 300 share.
sebanyak-banyaknya 199.436.305 waran. Per 31
Desember 2012 telah terjadi konversi Waran Seri II
menjadi saham Perseroan sebanyak 300 lembar
saham.
Penambahan Modal tanpa HMETD Additional Issued Capital without Preemptive Rights
(“Non HMETD”)
Pada tanggal 21 September, 2011 telah diperoleh On September 21, 2011 the Company received
Persetujuan Pemegang Saham atas rencana approval from the Shareholders for the Company’s
PERSEROAN untuk menerbitkan saham tanpa MHETD plan to issue additional common share without
dengan Nilai Nominal Saham seri D sebesar Rp 50 preemptive rights with nominal value of Rp 50, and its
dan harga pelaksanaan Rp 67 per saham. Saham execution price of Rp 67 per share. The issued shares
yang diterbitkan sebanyak 774.877.000 saham amounted to 774,877,000 common shares Seri D.
biasa seri D. Setelah pelaksanaan Penambahan After this additional issued capital without preemptive
Modal Tanpa HMETD, maka jumlah saham yang rights, the issued capital of the Company became
disetor pada Perseroan menjadi 8.687.994.942 8,687,994,942 common shares.
saham biasa.
Name and Address of Professional Firm
Nama dan Alamat Profesi Penunjang Pasar Modal
Akuntan Publik : Hananta Budianto & Rekan
(Public Accountant) Jl. Wijaya 2-79, Kebayoran Baru
Jakarta 12160
Tel. (021) 723 5656
Fax. (021) 724 5293
Biro Administrasi Efek : PT. Ficomindo Buana Registar

(Bureau of Shares Mayapada Tower 10th Floor Suite 02B
Administration) Jl. Jenderal Sudirman Kav. 28
Jakarta 12920
Tel. (021) 521 2316-17
Fax. (021) 521 2320
Notaris : Andalia Farida S.H., M.H.

(Notary) Gedung Jagat Lt. 1
Jl. R.P. Soeroso No. 42 A, Jakarta 10350
Tlp. 021-3912189; 3912192
Fax. 021-3912192
Management Discussion and Analysis
Analisa dan Pembahasan Manajemen
Produksi, Pendapatan, Beban, dan Profitabilitas Production, Revenue, Expenses, and Profitability
Operasional Perseroan bertumpu pada aktifitas The Company’s operation still depends on paper
operasional segmen kertas di anak perusahaan, yaitu segment operation in its subsidiary Company, PT
PT Kertas Basuki Rachmat (“KBR”). Sampai saat ini, Kertas Basuki Rachmat (“KBR”). Up to now, only paper
mesin kertas yang sudah beroperasi adalah mesin machine 1 (“PM 1”) is operating. The installed
kertas 1 (PM 1). Kapasitas terpasang PM 1 pada tahun capacity of PM 1 in 2012 was still similar to in 2011
2012 masih sama seperti pada tahun 2011 yaitu i.e 10,000 tons per year. In 2012 the utilization of
10.000 ton per tahun. Pada tahun 2012 tingkat capacity rate was 75%. In its production process, the
kapasitas terpakai atau utilitas berada pada tingkatan Company changed the composition of the waste paper
75%. Dalam proses produksinya, Perseroan mengubah and pulp usage to improve paper quality with the
komposisi pemakaian kertas bekas dan pulp untuk composisiton of 66% waste paper and 34% pulp.
peningkatan kualitas yang lebih optimal dengan
perbandingan sekitar 66% kertas bekas dan 34% pulp.
Pendapatan usaha tahun 2012 sebesar Rp 44.64 The operating revenue in 2012 was Rp 44.64 billion
milyar naik sebesar 76,16% dibandingkan tahun or increase of 76.16% compared to 2011revenue of
2011 yang sebesar Rp 25,34 milyar. Pendapatan dari Rp 25.34 billion. Revenue from paper segment in
segmen ker tas pada tahun 2012 memberikan 2012 amounted to Rp 43.56 billion that contributed
kontribusi sebesar 97.58% dari total pendapatan 97.58% of total operating revenue, or increase of
usaha, yaitu sebesar Rp 43,56 milyar, naik sebesar 71.89% compared to 2011 revenue of Rp 25.34
71,89% dibandingkan tahun 2011 yang sebesar Rp billion. This increase was due to in 2012 the Company
25,34 milyar. Peningkatan ini disebabkan karena produced more paper independently than 2011.
pada tahun 2012 Perseroan lebih banyak berproduksi While revenue from non paper (trading) segment in
kertas secara mandiri dibandingkan tahun 2011. 2012 was Rp 1.08 billion representing income from
Sedangkan pendapatan dari segmen perdagangan the maintenance phase of the EPC replacement project
pada tahun 2012 sebesar Rp 1,08 milyar yang of Gas Power Plant and Diesel Power Plant with with
merupakan pendapatan dari tahap masa capacity of 14 MW in Refinery Processing Unit II
pemeliharaan proyek pekerjaan EPC penggantian Dumai. Handover of the completed project work
PLTG dan PLTD dengan satu unit PLTU kapasitas 14 carried out in March 2012.
MW di Kilang Unit Pengolahan II Dumai. Serah terima
selesai proyek pekerjaan tersebut dilakukan pada
bulan Maret 2012.
Beban Pokok Penjualan dan Beban Langsung pada Cost of Goods Sold and Direct Expense in 2012 was
tahun 2012 sebesar Rp 48,30 milyar, meningkat Rp 48.30 billion, or increase of 59.46% than 201
59,46% dari tahun 2011 yang sebesar Rp 30,29 Cost of Goods Sold and Direct Cost of Rp 30.29
milyar. Kenaikan ini karena adanya peningkatan billion. The increase due to the increase in main raw
beban bahan baku utama setelah Perseroan materials after the Company ran the production
menjalankan produksi secara mandiri dari Januari independently from January 2012 to mid-October
2012 sampai dengan pertengahan Oktober 2012. 2012.
Rugi kotor di tahun 2012 terlihat sedikit membaik Gross Loss in 2012 was slightly better where decrease
dengan adanya penurunan rugi kotor sebesar Rp 1,29 in Gross Loss of Rp 1.29 billion in 2012, or 26.06%
milyar di tahun 2012, turun sebesar 26,06% lower than 2011 Gross loss of Rp 4.95 billion. This is
dibandingkan tahun 2011 yang sebesar Rp 4,95 due to the change in composition of the raw materials
milyar karena Perseroan melakukan perubahan dalam usage. From mid-October 2012 to December 2012,
komposisi pemakaian bahan baku dan pada the paper production was made in a toll manufacturing
pertengahan Oktober 2012 sampai dengan Desember (“makloon”) based on work order where its main raw
2012 produksi kertas dilakukan dengan cara makloon, materials was supplied by the orderer.
yang mana produksi sesuai “work order” dan
pengadaan bahan baku utama dilakukan oleh pemberi
order kerja.
Beban Penjualan dan Pemasaran sedikit mengalami Selling and Marketing Expense was a slightly decrease
penurunan sebesar 35,02% dari Rp 388,90 juta di of 35.02% from Rp 388.90 million in 2011 to be Rp
tahun 2011 menjadi Rp 252,70 juta di tahun 2012. 252.70 million in 2012. There were not many
Tidak banyak aktivitas pemasaran yang dilakukan marketing activities done by the Company in 2012
Perseroan di tahun 2012 karena sebagian besar because most of sales were made through single
penjualan dilakukan melalui distributor tunggal. distributor. Administration and General Expenses was
Sedangkan Beban Umum dan Administrasi mengalami increase of 8.07% compared to 2011 due to the
kenaikan sebesar 8,07% dibandingkan tahun 2011 increas of the Wage, Salar y, and Allowances
karena adanya kenaikan beban Gaji, upah dan Expenses, Employees benefits, Depreciation, Taxes,
tunjangan, manfaat karyawan, penyusutan, pajak, Insurances, and Rent totaled 54.53% from Rp 15.49
asuransi dan sewa dengan total sebesar 54,53% dari billion in 2011 into Rp 23.93 billion in 2012.
Rp 15,49 milyar di tahun 2011 menjadi Rp 23,93
milyar di tahun 2012.
Perseroan membukukan Laba Komprehensif pada tahun The Company recorded Comprehensive Profit in 2012
2 0 1 2 s e b e s a r R p 3 6 , 5 4 m i l y a r, n a i k s e b e s a r of Rp 36.54 billion, increase of 288.17% compared
288,17% dibandingkan tahun 2011 yang mengalami to 2011 which suffered loss of Rp 19.42 billion. That
rugi sebesar Rp 19,42 milyar. Hal ini disebabkan was due to Gain on Disposal of Su subsidiar y
karena pada tahun 2012, Perseroan membukukan Company of Rp 62.47 billion.
Laba Penjualan entitas anak-bersih sebesar Rp 62,47
milyar.
Aset dan Ekuitas Assets and Equity

Jumlah Aset Perseroan pada tanggal 31 Desember The amount of the Company’s assets on December 31,
2012 sebesar Rp 740,75 milyar, turun sebesar 0,51% 2012 was Rp 740.75 billion, or decrease of 0.51%
dibandingkan tahun 2011 yang sebesar Rp 744,58 compared to 2011 assets of Rp 744.58 billion. The
milyar. Penurunan jumlah Aset tersebut disebabkan decrease in assets was due to decrease in the
adanya penurunan Aset Lancar Perseroan sebesar Company’s Current Asset of 6.20% from Rp 37.91
6,20% dari sebesar Rp 37,91 milyar di tahun 2011 billion in 2011 into Rp 35.56 billion in 2012. The
menjadi Rp 35,56 milyar di tahun 2012. Penurunan decrease in the Current Asset was due to decrease in
Aset Lancar ini disebabkan adanya penurunan Inventories of Rp 2.23 billion and Prepaid Tax of Rp
Persediaan sebesar Rp 2,23 milyar dan Pajak dibayar 5.21 billion in 2012. The Company’s fixed Assets in
dimuka sebesar Rp 5,21 milyar di tahun 2012. Aset 2012 of 705.20 billion or decrease of 0.21%
Tidak Lancar Perseroan di tahun 2012 sebesar compared to 2011 fixed asset of Rp 706.68 billion
705,20 milyar turun sebesar 0,21% dibandingkan because Deferred HTI Expenses of Rp 8.16 billion was
tahun 2011 yang sebesar Rp 706,68 milyar expensed into Gain on disposals of subsidiary. The
disebabkan karena adanya penurunan Beban Company’s Equity was Rp 711.46 billion as of
Ditangguhkan yaitu Beban Proyek Hutan Tanaman December 31, 2012 or increase of 5.41% than 2011.
Industri yang diperhitungkan ke dalam laba rugi entitas
anak yang dijual sebesar Rp 8,16 milyar. Ekuitas
Perseroan pada tanggal 31 Desember 2012 adalah
sebesar Rp 711,46 milyar atau naik sebesar 5,41%
dibandingkan tahun 2011.
Liabilitas Liabilities
Jumlah total liabilitas Perseroan pada tanggal 31 The Company’s total liabilities as of December 31,
Desember 2012 sebesar Rp 29,30 milyar atau turun 2012 was Rp 29.30 billion or 57,94% lower than
sebesar 57,94% dari jumlah Liabilitas pada tanggal total Liabilities as of December 31, 2011 of Rp
31 Desember 2011 yang sebesar Rp 69,65 milyar. 69.65 billion. The decrease in the Liabilities in 2012
Penurunan jumlah Liabilitas di tahun 2012 disebabkan was due to decrease in the Short-Term Liabilities of
karena penurunan jumlah Liabilitas Jangka Pendek 72.26% from t Rp 55.73 billion in 2011 to be Rp
sebesar 72,26% dari sebesar Rp 55,73 milyar di akhir 15.46 billion in 2012. This was due to trade payables
tahun 2011 menjadi Rp 15,46 milyar di akhir tahun payment, settlement of Accrued Expense, settlement of
2012. Hal ini disebabkan karena oleh adanya Other Payable against Gain on Disposal of Subsidiary,
pembayaran hutang usaha, penyelesaian biaya yang Offset of Advance from Customers on paper sales.
masih harus dibayar, memperhitungkan hutang lain-lain
ke laba atas penjualan entitas anak perusahaan,
menyelesaikan uang jaminan atas pesanan kertas.
Liabilitas Jangka Panjang Perseroan merupakan The Company’s Long Term Liability represented
Kewajiban Estimasi atas Imbalan Kerja. Jumlah Estimated Liabilities on Employee Benefits. The long
Liabilitas Jangka Panjang pada tanggal 31 Desember term Liabilities was Rp 13.84 billion as of December
2012 sebesar Rp 13,84 milyar atau turun sebesar 31, 2012 or 0.61% lower last year balance of Rp
0,61% dari jumlah Liabilitas Jangka Panjang pada 13.92 billion due to decrease in the Company’s
tanggal 31 Desember 2011 yang sebesar Rp 13,92 employees from 191 employees in 2011 to 183
milyar karena disebabkan adanya penurunan jumlah employees in 2012 due to retirement.
karyawan Perseroan dari sebesar 191 karyawan di
tahun 2011 menjadi 183 karyawan di tahun 2012
karena pensiun.
Arus Kas Cash Flow

Saldo kas dan setara kas pada tahun 2012 adalah Cash and Cash Equivalents in 2012 was Rp 11.63
sebesar Rp 11,63 milyar, atau turun sebesar 37,82% billion or 37.82% lower than 2011 Cash and Cash
dibandingkan saldo kas dan setara kas tahun 2011 Equivalents of Rp 18.71 billion.
yang sebesar Rp 18,71 milyar.
Arus kas bersih yang digunakan untuk aktivitas operasi The net cash flow for operational activities decreased
menurun dari sebesar Rp 33,96 milyar di tahun 2011 from Rp 33.96 billion in 2011 to Rp 31.49 billion in
menjadi Rp 31,49 milyar di tahun 2012, atau turun 2012, or 7.26 % lower due to increase in cash flow
sebesar 7,26 % karena adanya peningkatan sumber received from operational activities which increased by
penerimaan arus kas aktivitas operasi yang naik 41.60% while cash flow spent for operational activities
sebesar 41,60% sedangkan penggunaan arus kas slightly increased by 17.73%.
aktivitas operasi hanya naik sebesar 17,73%.
Arus kas bersih diperoleh dari aktivitas investasi sebesar The net cash flow earned from the investment activities
Rp 24,42 milyar di tahun 2012, atau menurun was Rp 24.42 billion in 2012, or 59.39% lower than
59,39% dibandingkan tahun 2011 yang sebesar Rp 2011 which was Rp 60.14 billion. The net cash flow
60,14 milyar. Arus kas bersih dari aktivitas investasi from the investment activities earned from disposal of
diperoleh dari pelepasan entitas anak sebesar Rp subsidiary Company of Rp 43.92 billion in 2012. For
43,92 milyar di tahun 2012. Untuk tahun 2011, arus 2011, the net cash flow from the investment activities
kas dari aktivitas investasi sebagian berasal dari hasil was from the selling of fixed assets of Rp 46.75 billion
penjualan aset tetap sebesar Rp 46,75 milyar dan and others from disposal of subsidiary Company of Rp
sebagian lagi berasal dari uang jaminan pelepasan 27.80 billion.
entitas anak sebesar Rp 27,80 milyar.
Arus kas bersih dari aktivitas pendanaan di tahun The net cash flow from the financing activities in 2012
2012 berasal dari pelaksanaan waran seri II sebesar was from the exercise of warrant Seri II of Rp
Rp 31.500,-. Sedangkan arus kas bersih dari aktivitas 31,500,-. While the net cash flow from the financing
pendanaan pada tahun 2011 digunakan sebagian activities in 2011 was used to repay the long-term
besar untuk pembayaran pinjaman dan premi loans and its premiums amounting to Rp 34.63 billion.
pinjaman jangka panjang sebesar Rp 34,63 milyar.
Kemampuan Membayar Kewajiban dan Ability to Pay Liabilities and Collectibility of Trade
Kolektibilitas Piutang Receivable
Ditinjau dari kemampuan kekayaan bersih (ekuitas From the ability of the Company’s Net Equity to repay
bersih) Perseroan untuk membiayai seluruh all liabilities either Long-Term or the Shor t Term
kewajibannya baik kewajiban jangka pendek maupun Liabialities, it looked an improvement. It was viewed
jangka panjang mengalami perbaikan terlihat dari from Debt to Equtiy ratio which declined from 10.32%
Debt to Equtiy ratio yang turun dari 10,32% di tahun in 2011 to 4.12% in 2012. This was due to decrease
2011 menjadi 4,12% di tahun 2012. Hal tersebut in Liabilities and increase in Equity.
disebabkan adanya penurunan pada liabilitas dan
peningkatan ekuitas.
Saldo piutang usaha pada tahun 2012 sebesar 2,19 Trade Receivables in 2012 was Rp 2.19 bilion mainly
milyar adalah sebagian besar piutang usaha dari representing Trade Receivables arising from Toll
transaksi maklon dengan umur piutang lebih 30 hari Manufacturing transactions with the aging receivables
sedangkan tahun 2011 adalah nihil. of 30 days while in 2011 it was nil.
Struktur Permodalan Perseroan Company Share Structure

Berdasarkan akta Notaris Andalia Farida SH MH No. Based on the Notarial Deed of Andalia Farida SH MH
09 tertanggal 21 September 2011 dan telah disahkan No. 09 dated September 21, 2011 and approved by
oleh Menteri Hukum dan HAM RI dengan Surat Miniter of Law Justice and Human Rights RI on his
Keputusan Menteri Hukum dan HAM RI Nomor: decree No. AHU-52099.AH.01.02 Year 2011 dated
AHU-52099.AH.01.02 Tahun 2011 tanggal 26 Oktober 26, 2011, the Company’s authorized capital
Oktober 2011, modal dasar Perseroan adalah was Rp 2,000,000,000,000,- or equivalent to
sebesar Rp 2.000.000.000.000,- atau 15,519,938,500 shares consisting of
15.519.938.500 saham terdiri dari 1.250.000.000 1,250,000,000 Seri A; 1,117,500,000 Seri B,
saham Seri A, 1.117.500.000 saham Seri B, 12,377,561,500 Seri C; and 774,877,000 Seri D.
12.377.561.500 Seri C, dan 774.877.000 Seri D.
Pada tanggal 31 Desember 2012, jumlah modal yang On December 31, 2012, total capital allocated and
ditempatkan dan disetor penuh adalah fully paid in was 8,687,995,242 shares (2011:
8.687.995.242 saham (2011: 8.687.994.942 8,687,994,942 shares) or priced Rp
saham) atau senilai Rp 1.273.058.553.800 (2011: 1,273,058,553,800 (2011: Rp
Rp 1.273.058.523.800). Pada tanggal 31 1,273,058,523,800). On December 31, 2012, the
Desember 2012, Perseroan masih mengalami defisit Company still suffered deficits about Rp
sebesar Rp 2.431.389.213.995,- (2011: Defisit Rp 2,431,389,213,995,- (2011: Deficit Rp
2.467.965.030.705,-). Pada tahun 2012, belum 2,467,965,030,705,-). In 2012, there was no
ada pembayaran dividen, karena Perseroan masih dividend, as the Company still suffered deficit. For
mengalami defisit. Dalam hal kebijakan dividen, devidend policy, the Company will pay dividend either
Perseroan akan membayar dividen, dalam bentuk tunai in cash or in shares, based on its Net Income AfterTax
atau saham, atas laba bersih setelah pajak apabila if the Company had earned net profit and positif
Perseroan telah memperoleh laba bersih dan akumulasi retained earning in compliance of the prevailing
laba ditahannya positif dan sesuai dengan peraturan regulations.
perundang-undangan yang berlaku.
Peristiwa setelah tanggal Laporan Auditor Subsequent Event after the Date of Independent
Independen Auditor’s Report
Tidak ada informasi dan fakta material yang terjadi There were no any information and material facts after
setelah tanggal Laporan Auditor Independen. the date of Independent Auditor’s Report.
Pemasaran Marketing
Pada tahun 2012, Perseroan menjual hasil In 2012, the Company mainly sold its products through
produksinya lebih banyak melalui distribustor tunggal single distributor, PT Glory Indonesia Abadi, which
PT Glory Indonesia Abadi yang memasarkannya untuk distributed it to East Java. Cooperation with PT Glory
daerah Jawa Timur. Kerjasama dengan PT Glor y Indonesia Abadi ended in July 2012, and afterwards
Indonesia Abadi berakhir pada bulan Juli 2012, dan the Company soldI its products independently. Since
selanjutnya Perseroan melakukan penjualan bebas mid-October 2012, the Company sold its products
untuk hasil produksinya. Sejak pertengahan bulan through CV Putra Tunggal based on a toll manufacturing
Oktober 2012, Perseroan menjual produknya melalui order (“makloon”).
CV Putra Tunggal berdasarkan order jasa pembuatan
kertas (makloon).
Prospek Usaha Business Prospect

Dalam laporan Triwulanan Perkembangan Ekonomi In Indonesian Quarterly Economic Progress report in
Indonesia edisi bulan Desember 2012, Bank Dunia December 2012 edition, World Bank projected
memproyeksikan pertumbuhan ekonomi Indonesia Indonesian economic growth about 6.1 percent for
sebesar 6,1 persen untuk tahun 2012, sedikit 2012, and slightly rise in 2013 at 6.3%. The
meningkat di tahun 2013 menjadi 6,3%. Proyeksi ini projection assumed that domestic consumption and
mengasumsikan konsumsi domestik dan pertumbuhan investment growth will still remain strongly, by the
investasi masih bertahan kuat, dengan membaiknya improvement of Indonesian main trade par tners
pertumbuhan mitra dagang utama Indonesia secara gradually which slightly push export recovery. The
bertahap yang juga sedikit mendorong pemulihan inflation rate is maintained at 4.8%.
ekspor. Tingkat inflasi yang dipertahankan pada
tingkatan 4,8%.
Konsumsi kertas Indonesia saat ini baru mencapai 30 Indonesian paper consumption only reached 30
kilogram (kg) per kapita per tahun, jauh dibawah kilograms (kgs) per capita per year which is lower than
rata-rata konsumsi ker tas negara ASEAN yang average paper consumption in South East Asian
mencapai 55 kg per kapita per tahun. Dengan tingkat countries which reached 55 kgs per capita per year.
pertumbuhan ekonomi tersebut, diharapkan konsumsi By the economic growth rate, it is expected that
kertas Indonesia juga meningkat di tahun 2013. Indonesian paper consumption will increase in 2013.
Kebutuhan kertas diperkirakan akan tumbuh sekitar The need for paper is predicted to grow up to 4.2%
4,2% walaupun saat ini produsen kertas di dalam although current domestic paper producers are facing
negeri menghadapi ancaman dari produsen pulp dan tight competition from pulp and paper producers from
kertas asal India dan China yang menargetkan pasar India and China that will target Indonesian market as
Indonesia sebagai negara tujuan ekspor karena pasar their export destination while European and American
Eropa dan Amerika Serikat (AS) mulai menurun. market tend to decrease.
Keunikan mesin kertas PM 1 yang menggunakan The uniqueness of PM 1 which uses waste paper raw
bahan baku waste paper memungkinkan untuk material allows for recomposition of raw materials
melakukan rekomposisi bahan baku secara khusus specifically to improve the quality of the product so
untuk meningkatkan kualitas produk sehingga hopefully it will improve the competitiveness of the
diharapkan akan meningkatkan daya saing produk itu product itself. For 2013, with the assumption of
sendiri. Untuk tahun 2013, dengan asumsi production based on toll manufacturing,
produksi/penjualan secara makloon, target sales/production target will be 9,785 tons. Realization
produksi/penjualan selama satu tahun adalah sebesar of production in Januar y 2013 was 760 tons as
9.785 Ton. Realisasi produksi di bulan Januari 2013 targeted. The finished product delivered to the orderer
adalah sebesar760 Ton sesuai dengan yang telah was 941 tons. For February 2013, production target
ditargetkan. Barang jadi yang telah dikirim ke pemberi was 762 ton, while its realization was only 641 tons
order kerja adalah sebanyak 941 Ton. Sedangkan due to machine maintenance and lack of raw
untuk bulan Februari 2013, target produksi adalah materials availability. The finished product delivered to
sebesar 762 Ton, sementara realisasinya sebesar 641 the orderer was 925 tons in February 2013.
Ton karena ada perbaikan mesin dan masalah
ketersediaan bahan baku. Barang jadi yang telah
dikirim ke pemberi order kerja adalah sebanyak 925
ton di bulan Februari 2013.
Realisasi Penggunaan Dana Hasil Efek yang dapat Use of Proceeds from Securities that can be
Dikonversi menjadi Saham Converted Into Share
Jenis Tanggal Jumlah efek Efek yang telah Jumlah Efek Rencana Realisasi Sisa Dana
Efek Penerbitan yang telah dikonversi yang belum Penggunaan Penggunaan Hasil Konversi
Efek diterbitkan menjadi saham dikonversi Dana menurut Dana menurut per 31 Des 2012
per 31 Des 2012 Prospektus Prospektus
(Securities (Issuance (Amount of (Securities converted (Amount of (Plan of Fund (Realization of (Remaining conversion
Type) Date) Issued Securities) into shares as of unconverted Usage based Fund Usage based fund balance as
Des 31, 2012) Securities) on Prospectus) on Prospectus) of Dec 31, 2012)
Unit Jumlah Nilai (Rp) Unit Nilai (Rp) Nilai (Rp) Nilai (Rp)
(Unit) (Amount) (Value (Rp)) (Unit) (Value (Rp)) (Value (Rp)) (Value (Rp))
Waran 6 Des 199.436.305 300 31.500 199.436.005 31.500 0 31.500
Seri II 2010
Total 199.436.305 300 31.500 199.436.005 31.500 0 31.500
Perubahan Peraturan Perundang-undangan dan Changes in Laws and Regulations and Accounting
Kebijakan Akuntansi Policies
Selama tahun 2012, tidak ada perubahan peraturan During 2012, there were no changes in laws and
perundang-undangan yang mempengaruhi usaha regulations and accounting policies affecting the
Perseroan dan tidak ada perubahan kebijakan Company operation and financial statements.
akuntansi yang mempunyai dampak terhadap laporan
keuangan.
Corporate Governance
Tata Kelola Perusahaan
1. Uraian Pelaksanaan Tugas Dewan Komisaris 1. Description of Board of Commissioners Job
Implementation
Tugas utama Dewan Komisaris adalah melakukan The main job of Board of Commissioners is to
pengawasan atas kebijakan pengurusan Perseroan undertake the super visor y on the Company
dan memberi nasehat kepada Direksi sesuai dengan management policy and to give advices to the
maksud dan tujuan Perseroan. Directors according to purpose and aim of the
Company.
Tugas utama tersebut dapat diuraikan sebagai The main jobs will be described as follows:
berikut:
1. Mengevaluasi dan mengarahkan strategi 1. Evaluating and directing the Company strategies,
Perseroan, kebijakan pengendalian risiko, policies, risk management, annual budget, work
anggaran tahunan, rencana kerja dan rencana plans and business plans.
usaha. 2. Determining the work targets, monitoring their
2. M e n e t a p k a n s a s a r a n k e r j a , m e n g a w a s i implementations, and evaluating the Company’s
pelaksanaan dan mengevaluasi kinerja performance.
Perseroan. 3. M o n i t o r i n g t h e i m p l e m e n t a t i o n o f G o o d
3. Memantau pelaksanaan tata kelola perusahaan Corporate Governance and suggesting some
yang baik dan mengusulkan perubahan jika change if necessary.
perlu. 4. Monitoring communication effectiveness and
4. Memantau efektifitas komunikasi dan keterbukaan transparency in the Company.
di dalam Perseroan.
2. Uraian Pelaksanaan Tugas Direksi 2. Description of Board of Directors Job

Implementation
Direksi Perseroan terdiri dari satu orang Direktur Board of Directors consists of one President Director
Utama dan dua orang Direktur, dimana mereka and two Directors, where they jointly have full
secara bersama-sama memiliki tanggung jawab responsibility for the effectiveness of the Company's
penuh atas efektifitas kegiatan usaha Perseroan. business activities.
Ruang lingkup pekerjaan dan tanggung jawab President Director has responsibilities to lead and
Direktur Utama adalah memimpin dan coordinate all activities of Finance Director and
mengkoordinasikan semua kegiatan Direktur Operation Director including integration,
Keuangan dan Direktur Operasi serta melakukan synchronization, and directing the management
koordinasi, integrasi, sinkronisasi dan pengarahan activities in order to be consistent with the
kegiatan manajemen Perseroan agar sesuai dengan Company’s policies and strategies and take the final
kebijakan dan strategi Perseroan serta memberikan decisions on Company’s policies and strategies.
keputusan akhir atas kebijakan dan strategi
Perseroan.
Direktur keuangan sebagai penanggung jawab di Finance Director is responsible for the financial,
bidang keuangan, akuntansi dan umum dengan accounting, and general affairs, with the main job
ruang lingkup pekerjaan yang utama antara lain: as follows:
1. Mengkoordinasikan dan mengendalikan 1. Coordinating and controlling the activities in
kegiatan-kegiatan dibidang administrasi financial administration, personnel, secretarial,
keuangan, kepegawaian, kesekretariatan dan and general affairs.
umum. 2. Being responsible for preparing financial
2. Bertanggung jawab atas proses penyusunan s t a t e m e n t a n d f u l f i l l i n g t h e C o m p a n y ’s
laporan keuangan dan pemenuhan kewajiban compliances in taxation and capital market based
Perseroan di bidang perpajakan dan pasar on the prevailing regulations.
modal sesuai dengan peraturan dan 3. B e i n g r e s p o n s i b l e f o r p r e p a r a t i o n a n d
perundang-undangan. improvement in finance, accounting, personnel,
3. Bertanggung jawab terhadap pengembangan and general affairs.
dan penyusunan kebijakan dibidang keuangan, 4. Planning and developing revenue resources as
akuntansi, kepegawaian dan umum. well as expenditures and wealth of the Company.
4. M e r e n c a n a k a n d a n m e n g e m b a n g k a n 5. Controlling the effectiveness of cash flow either
sumber-sumber pendapatan serta pembelanjaan cash received or cash usage.
dan kekayaan perusahaan. 6. Undertaking the jobs given by President Director
5. Mengendalikan efektifitas arus kas Perseroan and report to President Director.
baik arus kas masuk maupun penggunaannya.
6. Melaksanakan tugas-tugas yang diberikan
Direktur Utama dan bertanggung jawab kepada
Direktur Utama.
Direktur Operasi sebagai penanggung jawab di Operation Director is responsible for the production
aktivitas produksi dan penjualan dengan ruang and selling activities with the main jobs such as:
lingkup pekerjaan yang utama antara lain: 1. Determining strategies and achieve target in
1. Menetapkan dan mewujudkan sasaran strategi production.
di bidang produksi. 2. Being responsible for handling production
2. Ber tanggung jawab atas jalannya proses activities and determining appropriate work
aktivitas produksi dan menetapkan sistem kerja system in production.
bidang produksi. 3. Being responsible for selling and achieving
3. Bertanggung jawab atas pencapaian target production target as well as product quality.
penjualan dan produksi serta kualitas produk. 4. Controlling production cost efficiently.
4. Mengendalikan biaya produksi pada tingkat 5. Being responsible for the creation of harmonious
yang lebih efisien. and conducive working atmosphere in the plant.
5. Bertanggung jawab atas terciptanya suasana 6. Undertaking the jobs given by President Director
kerja yang harmonis dan kondusif di pabrik . and report to President Director.
6. Melaksanakan tugas-tugas yang diberikan 7. B e i n g r e s p o n s i b l e f o r c o m p l i a n c e w i t h
Direktur Utama dan bertanggung jawab kepada regulations concerning environment in plant area.
Direktkur Utama.
7. Bertanggung jawab atas kepatuhan terhadap
peraturan perundang-undangan yang terkait
dengan lingkungan hidup di sekitar pabrik.
Sebagaimana ditetapkan dalam anggaran dasar As stated in the Company’s articles of association,
Perseroan, penyelenggaraan Rapat Dewan Board of Commissioners and Directors can have
Komisaris dan Direksi dapat dilakukan setiap waktu meeting anytime if necessary. The Company does
apabila dipandang perlu. Perseroan belum not have any specific policy on the meeting of
mempunyai kebijakan khusus tentang hal ini selain Board of Commissioners and Directors.
yang diatur di dalam anggaran dasar Perseroan.
Sepanjang tahun 2012, Dewan Komisaris telah During 2012, Board of Commissioners held four
melakukan rapat sebanyak 4 kali, dan Direksi meetings, and Board of Directors held three
sebanyak 3 kali rapat, dengan tingkat kehadiran meetings with 80 % attendance rates. The meeting
masing-masing Komisaris dan Direktur di atas 80%. discussions focused on the internal consolidations
Rapat-rapat tersebut terutama membahas relating to the implementation of the Company’s
langkah-langkah konsolidasi internal Perseroan strategies.
dalam rangka pelaksanaan strategi Perseroan. There was no pending matters in 2012 from the
Tidak terdapat keputusan RUPS tahun 2011 yang decision of the General of Shareholders’ meeting.
realisasinya tertunda dan dilaksanakan pada tahun
2012.
Remunerasi Remuneration
Sampai saat ini, Perseroan belum membentuk komite U p t o n o w, t h e C o m p a n y h a s n o t s e t u p
remunerasi dan juga belum mempunyai kebijakan remuneration committee and also has no any written
tertulis tentang penilaian terhadap kinerja anggota policy on evaluation of the Directors’ performance.
Direksi. Dasar penetapan besarnya remunerasi Remuneration for Board of Commissioners and
untuk Dewan Komisaris dan Direksi Perseroan Directors has been determined in the General of
ditetapkan dalam Rapat Umum Pemegang Saham Shareholders’ Meeting on June 23, 2011.
pada tanggal 23 Juni 2011. Besaran remunerasi Remuneration for Board of Commissioners and
Dewan Komisaris dan Direksi Perseroan pada tahun Directors in 2012 amounted to Rp
2012 adalah sebesar Rp 1.770.000.000,-. 1,770,000,000,-.
3. Komite Audit 3. Audit Committee

Komite Audit bertugas membantu Dewan Komisaris Audit Committee job is to help the Board of
dalam mengawasi jalannya Perseroan. Komite Audit Commissioners in monitoring the Company’s
bertugas dan bertanggung jawab untuk memberikan operation. Audit Committee has duties and is
pendapat profesional dan independen kepada responsible for provide professional and
Dewan Komisaris terhadap laporan atau hal-hal independent opinion to Board of Commissioners on
yang disampaikan oleh Direksi kepada Dewan the report or the important things submited by Board
Komisaris, dan melaksanakan tugas-tugas lain yang of Directors to the Board of Commissioners, and
berkaitan dengan tugas Komisaris. conducted other jobs relating to Board of
Commissioners’ duties.
Susunan Komite Audit Perseroan sebagai berikut: The Structure of Audit Committee is as follows:
Ketua Komite Audit: James Johanes Head of Audit Committee: James Johanes
Anggota: 1. Mursalman Ahadi Members: 1. Mursalman Ahadi
2. Deden Hendrayana 2. Deden Hendrayana
Mursalman Ahadi Mursalman Ahadi

Memperoleh gelar Sarjana Akuntansi pada tahun He obtained degree in accountancy (Sarjana
1992 dari Sekolah Tinggi Akuntansi Negara, dan Akuntansi) in 1992 from STAN and Magister in
Magister Akuntansi pada tahun 2007 dari Accountancy in 2007 from University of Indonesia.
Universitas Indonesia. Memulai karir sebagai He began his career as Auditor (1986-1989) for
Auditor (1986-1989) pada Badan Pengawas BPKP in South Sumatera. He continued his career in
Keuangan dan Pembangunan (BPKP) di daerah public accounting firm Sumantri dan Salam Manan
Sumatera Selatan. Beliau melanjutkan karirnya pada as Senior Consultant (1992), in public accounting
kantor Akuntan Publik Sumantri dan Salam Manan firm Soeyatna Soenosubrata as Senior Auditor
sebagai Senior Consultant (1992), dan pada (1993). In 1993, he rejoined with BPKP as Team
Kantor Akuntan Publik Soeyatna Soenosubrata Leader until July 2001. In August 2001, he joined
sebagai Senior Auditor (1993). Pada tahun 1993, with PT Darma Henwa, Tbk. as Chief Accountant
Beliau kembali bergabung dengan BPKP sebagai (2001-2005), Accounting Manager (2005-2007),
Team Leader sampai dengan bulan Juli 2001. Pada Head of Internal Audit Division (2007 – today).
bulan Agustus 2001 Beliau bergabung dengan PT Since the end of 2011, he has become Enterprise
Darma Henwa, Tbk. sebagai Chief Accountant Risk Management Certified Professional (ERMCP).
(2001-2005), Accounting Manager (2005-2007), He has held position as member of Audit Committee
Internal Audit Head of Division (2007 – sekarang). since Februar y 1, 2012 based on Board of
Sejak akhir tahun 2011, Beliau merupakan C o m m i s s i o n e r s ’s decree No.
Enterprise Risk Management Certified Professional 001/KBRI/DEKOM-Kpts/I/12 dated January 18,
(ERMCP). Beliau menjabat sebagai anggota komite 2012 concerning the change of Audit Committee
audit sejak 1 Februari 2012 berdasarkan Surat composition of PT. Kertas Basuki Rachmat Indonesia
Keputusan Dewan Komisaris No. Tbk.
001/KBRI/DEKOM-Kpts /I/12 tanggal 18 Januari
2012 tentang Perubahan Susunan Komite Audit PT.
Kertas Basuki Rachmat Indonesia Tbk.
Deden Hendrayana Deden Hendrayana

Lulusan dengan predikat Summa Cum Laude dari Graduated degree in Accountancy with Summa
Politeknik Universitas Indonesia - Diploma Akuntansi Cum Laude predicate from the Polytechnics,
pada tahun 1998. Dan lulus dengan predikat Cum University of Indonesia in 1998, and graduated
Laude dari Universitas Indonesia, Fakultas Ekonomi - with Cum Laude predicate from Faculty of
Program Akuntansi pada tahun 2000. Econmics-Accounting Program, University of
Berpengalaman menjadi Junior sampai Supervisor Indonesia in 2000. He is experienced in positions
Auditor pada tahun 2002 - April 2007 di Ernst & from Junior to Supervisor Auditor in 2002 - April
Young. Menjabat Finance Cost Control Manager PT 2007 in Ernst & Young. He became Finance Cost
Darma Henwa Tbk. pada Mei 2007 - October Control Manager PT. Darma Henwa Tbk, in May
2011, Warehouse & Logistic Manager pada 2007 - October 2011, Warehouse & Logistic
Januari 2008 - Agustus 2010 dan terakhir sebagai Manager in January 2008 - August 2010 his last
Senior Finance Manager. Saat ini, menjabat position was Senior Finance Manager. Today, he is
sebagai General Manager Finance dan Accounting General Manager Finance and Accounting in PT.
PT Benakat Barat Petroleum dan Patina. Benakat Barat Petroleum dan Patina.
Beliau menjabat sebagai anggota komite audit He has held position as member of Audit Committee
sejak 1 Februari 2012 berdasarkan Surat Keputusan since Februar y 1, 2012 based on Board of
Dewan Komisaris No. 001/KBRI/DEKOM-Kpts C o m m i s s i o n e r s ’s d e c i s i o n l e t t e r N o .
/I/12 tanggal 18 Januari 2012 tentang Perubahan 001/KBRI/DEKOM-Kpts/I/12 dated January 18,
Susunan Komite Audit PT. Kertas Basuki Rachmat 2012 concerning the change of Audit Committee
Indonesia Tbk. composition of PT. Kertas Basuki Rachmat Indonesia
Tbk.
Saat ini kebijakan Perseroan atas frekwensi rapat Currently the Company has no policy on frequence
Komite Audit belum dibakukan. Rapat Komite Audit of Audit Committee meeting. Audit Committee
diadakan apabila dipandang perlu. Sepanjang meeting will be held if considered necessary. During
tahun 2012, Komite Audit telah melakukan rapat 2012, Audit Committee has held 8 meetings with
sebanyak 8 kali, dengan tingkat kehadiran di atas more than 80% attendance rate.
80%.
Tugas dan Tanggung Jawab Komite Audit adalah Duties and Responsibilities of Audit Committee are
sebagai berikut: follows:
1. Melakukan penelaahan atas informasi keuangan 1. Review financial information that will be issued
yang akan dikeluarkan perusahaan seperti by the Company such as financial repor ts,
laporan keuangan, proyeksi dan informasi financial projection and other financial
keuangan lainnya; information.
2. M e l a k u k a n p e n e l a a h a n a t a s k e t a a t a n 2. Review the Company's compliance with laws
perusahaan terhadap peraturan and regulations in the capital market and other
perundang-undangan di bidang Pasar Modal laws relating to the activities of the company.
dan peraturan perundang-undangan lainnya 3. Review the audit results of Internal auditor.
yang berhubungan dengan kegiatan 4. Report any potential risks faced by the Company
perusahaan; and the implementation of risk management by
3. Melakukan penelaahan atas pelaksanaan Board of Directors to Board of Commissioners.
pemeriksaan oleh auditor internal; 5. Review and report any complains relating to the
4. Melaporkan kepada Dewan Komisaris berbagai Company to Board of Commissioners.
risiko yang dihadapi perusahaan dan 6. Keeping the confidentiality of the Company
pelaksanaan manajemen resiko oleh direksi; documents, data, and information.
5. Melakukan penelaahan dan melaporkan kepada
Dewan Komisaris atas pengaduan yang
berkaitan dengan perusahaan;
6. Menjaga kerahasiaan dokumen, data dan
informasi dari perusahaan;
Dalam tahun 2012, Komite Audit telah melakukan During 2012, Audit Committee has performed their
tugasnya dengan baik sesuai dengan yang jobs properly in accordance with the Audit
digariskan dalam piagam Komite Audit Perseroan, Committee Charter, such as:
antara lain: 1. Review financial information that will be issued
1. Melakukan penelaahan atas informasi keuangan by the Company such as financial report both
yang akan dikeluarkan Perseroan seperti laporan interim and annual financial report.
keuangan baik laporan keuangan interim maupun 2. Review the audit results of Internal Auditor.
laporan keuangan tahunan. 3. R e p o r t a n y p o t e n t i a l r i s k s f a c e d b y t h e
2. Melakukan penelaahan atas pelaksanaan Company and the implementation of risk
pemeriksaan oleh auditor internal. management by the directors to Board of
3. Melaporkan kepada Dewan Komisaris berbagai Commissioners.
resiko yang dihadapi perseroan dan 4. Review the Company's compliance with laws
pelaksanaan manajemen risiko oleh Direksi. and regulations in the capital market and other
4. M e l a k u k a n p e n e l a a h a n a t a s k e t a a t a n laws relating to the activities of the company
perusahaan terhadap peraturan analysis on the Company obedience to the
perundang-undangan di bidang pasar modal regulation on Capital Market and the other
dan peraturan perundang-undangan lainnya regulations on the Company activities.
yang berhubungan dengan kegiatan Perseroan.
4. Sekretaris Perusahaan 4. Corporate Secretary

Budi Priyadi Budi Priyadi
Meraih gelar Sarjana Akuntansi dari Fakultas Obtained degree in Accountancy (Sarjana
Ekonomi Universitas Indonesia pada tahun 1989 Akuntansi) from Faculty of Economics, University of
dan Magister Akuntansi dari Universitas Indonesia Indonesia in 1989 and Magister in Accountancy
pada tahun 2003. Ditunjuk sebagai Sekretaris from University of Indonesia in 2003. He has been
Perusahaan sejak bulan Juni 2012 dengan Surat appointed as Corporate Secretary since June 2012
Keputusan Direksi No. 003/KBRI/Dir-Kpts/VI/12 based on Board of Directors’s decision letter No.
tanggal 27 Juni 2012. Sampai saat ini Beliau masih 003/KBRI/Dir-Kpts/VI/12 dated Juni 27, 2012.
menjabat sebagai Sekretaris Perseroan. Up to now, he is still as Corporate Secretary.
Sebelumnya, menjabat sebagai Ketua Audit Internal Before, he was as Head of Internal Auditor since
Perseroan sejak Desember 2009. Mengawali December 2009. He started his career as an
karirnya sebagai auditor pada KAP Prasetio Utomo auditor in public accounting firm Prasetio Utomo &
& Co (Arthur Andersen) tahun 1987 – 1995, Co (Arthur Andersen) in 1987 – 1995, as
Corporate Controller PT. Samudera Indonesia tahun Corporate Controller of PT. Samudera Indonesia in
1995–1997, audit manager KAP Hadi Sutanto & 1995–1997, audit manager in public accounting
Rekan (PriceWaterhouseCoopers) tahun 1997 – firm Hadi Sutanto & Rekan (Price Waterhouse
1999, Financial Planner PT. AJ Bumiputera John Coopers) in 1997 – 1999, Financial Planner in PT.
Hancock tahun 1999–2001, Treasury & Investment AJ Bumiputera John Hancock in 1999–2001,
Manager PT. Metlife Sejahtera tahun 2002 – 2005, Treasur y & Investment Manager of PT. Metlife
Finance Manager PT. Ker tas Basuki Rachmat Sejahtera in 2002 – 2005, Finance Manager of PT.
Indonesia tahun 2005–2008, dan Direktur Kertas Basuki Rachmat Indonesia in 2005–2008,
Keuangan PT. Kertas Basuki Rachmat tahun 2008. and Finance Director of PT. Kertas Basuki Rachmat
in 2008.
Uraian pelaksanaan tugas Sekretaris Perusahaan Description of Corporate Secretar y job

selama tahun 2012 sebagai berikut: implementation during 2012 as follows:
1. Selalu mengikuti perkembangan pasar modal 1. Always follow the development of the capital
beserta peraturan-peraturan yang berlaku di market and other regulation in the capital market
pasar modal serta mempunyai tanggung jawab and have a responsibility to advice the Company
menjaga agar Perseroan dapat menjalankan to conduct its business without infringing any rules
usahanya tanpa melanggar peraturan dan and regulations.
ketentuan yang berlaku. 2. Providing information concerning the Company
2. Memberikan pelayanan informasi yang condition and others that need to be known by the
menyangkut kondisi Perseroan dan hal-hal lain shareholders, investors, public, and other
yang perlu diketahui oleh pemegang saham, stakeholders transparently and as liaison officer
investor, masyarakat dan pihak lainnya secara between the Company and the Financial Services
transparan serta sebagai penghubung antara Authority’s (OJK), Indonesia Stock Exchange (BEI)
Perseroan dengan Otoritas Jasa keuangan, Bursa and public.
Efek Indonesia dan masyarakat. 3. Giving suggestions to Board of Directors about
3. Memberikan masukan kepada Direksi Perseroan the regulations and provisions in the Capital
mengenai peraturan dan ketentuan yang berlaku Market as well as giving input for the
di pasar modal serta memberikan masukan untuk development of the Company relating to the
perkembangan Perseroan terkait dengan implementation of Good Company Governance.
penerapan Good Corporate Governance. 4. Maintaining and storing the Company’s legal
4. M e m e l i h a r a d a n m e n y i m p a n d o k u m e n documents such as the Shareholders List,
perusahaan seperti Daftar Pemegang Saham, correspondences to the capital market regulator,
korespondensi terkait pelaporan kepada the minutes of the General of Shareholders’
regulator pasar modal, notulen Rapat Umum Meeting, results of Public Expose and the minutes
Pemegang Saham, hasil Public Expos dan notulen of Boards of Commissioners and Directors’
Rapat Dewan Komisaris dan Direksi. Meetings.
5. Audit Internal 5. Internal Audit
Aswaldi Sofyan Aswaldi Sofyan
Ditunjuk sebagai Kepala Unit Audit Inter nal Appointed as Unit Head of Internal Auditl since June
Perseroan sejak tanggal 18 Juni 2012 dengan 18, 2012 based on Board of Directors’s decision
Surat Keputusan Direksi No. letter No. 002/KBRI/Dir-Kpts/VI/12 dated Juni
002/KBRI/Dir-Kpts/VI/12 tanggal 18 Juni 2012. 18, 2012. He has extensive experiences in auditing
Berpengalaman luas dibidang audit dan akuntansi. and accounting. He has Accounting academic
Berlatar belakang pendidikan Akuntansi dari background from University of Jayabaya in 1980
Universitas Jayabaya pada tahun 1980 dan Master and Master of Business Administrtion in 1991 in
of Business Administrtion pada tahun 1991 di Institut Institut Pendidikan Bisnis dan Manajemen OTC. He
Pendidikan Bisnis dan Manajemen OTC. started his career as Auditor in public accounting
Mengawali karir sebagai Auditor di KAP Prasetio firm Prasetio Utomo & Co (Arthur Andersen - SGV) in
Utomo & Co (Arthur Andersen - SGV) tahun 1976 - 1976 - 1988 and in Indhasana Group in 1989 -
1988 dan di Indhasana Group tahun 1989 - 2007, Finance and Accounting of PT Indhasana
2007, Manajer Akuntansi dan Keuangan PT (Holding) in 1989 - 1992, Director of PT Tridiantara
Indhasana (Holding) tahun 1989 - 1992, Direktur Alvindo in 1990 - 1994, Internal Controller of PT
PT Tridiantara Alvindo tahun 1990 - 1994, Internal Sinar Pedoman Abadi and PT Serasi Adi Busana in
Controller PT Sinar Pedoman Abadi dan PT Serasi 1990 - 1994, Internal Controller of PT King Kaolin
Adi Busana tahun 1990 - 1994, Internal Controller Lestari in 1992 - 1994, Internal Controller of PT
PT King Kaolin Lestari tahun 1992 - 1994, Internal Alascomodo Garment in 1993 - 1995, Internal
Controller PT Alascomodo Garment tahun 1993 - Controller of PT Indhasana (Holding) in 1995 -
1995, Internal Controller PT Indhasana (Holding) 2002, Finance and Accounting Manager of PT
tahun 1995 - 2002, Manajer Akuntansi dan Tridiantara Alvindo in 2001 - 2005, Accounting
Keuangan PT Tridiantara Alvindo tahun 2001 - Manager of PT Indhasana (Holding) in 2005 -
2005, Manajer Akuntansi PT Indhasana (Holding) 2007, Accounting Manager of PT Kertas Basuki
tahun 2005 - 2007, Manajer Akuntansi PT Kertas Rachmat Indonesia Tbk in 2008 – 2011.
Basuki Rachmat Indonesia Tbk tahun 2008 - 2011.
Struktur dan Kedudukan Audit Internal Structure and Position of Internal Audit
Kepala Unit Audit Internal bertanggung jawab Head of Internal Audit Unit directly reports to
langsung kepada Direktur Utama PT Kertas Basuki Presiden Director of PT. Kertas Basuki Rachmat
Rachmat Indonesia Tbk. Direktur Utama dapat Indonesia Tbk. The President Director may terminate
memberhentikan Kepala Unit Audit Internal, setelah Head of Internal Audit after obtaining approval from
mendapat persetujuan dari Dewan Komisaris. Board of Commissioners. Head and staffs of Internal
Kepala dan staf Audit Internal dilarang Audit Unit are prohibited from carr ying out
melaksanakan perangkapan tugas dan jabatan dari multifunction for other duties and positions of the
pelaksanaan kegiatan operasional Perseroan dan Company and its subsidiaries.
entitas anak.
Tugas dan Tanggung Jawab Audit Internal: Internal Audit’s Job and Duties:
1. Menyusun dan melaksanakan rencana audit 1. Prepare and implemen the annual internal
internal tahunan. auditing plans.
2. Menguji dan mengevaluasi pelaksanaan 2. Exame and evaluate the implementation of
pengendalian internal dan sistem manajemen internal controlling and risk management system
risiko sesuai dengan kebijakan perusahaan. according to the Company policy.
3. Melakukan pemeriksaan dan penilaian atas 3. Conduct audits and assessment of efficiency and
efisiensi dan efektivitas di bidang keuangan, effectiveness in finance, accounting, operations,
akuntansi, operasional, sumber daya manusia, human resources, marketing, infor mation
pemasaran, teknologi informasi dan kegiatan technology, and other activities.
lainnya. 4. P r o v i d e s u g g e s t i o n f o r i m p r o v e m e n t a n d
4. Memberikan saran perbaikan dan informasi information objectively on the examined activities
yang obyektif tentang kegiatan yang diperiksa in all management levels.
pada semua tingkat manajemen. 5. Prepare internal audit report and submitting the
5. M e m b u a t l a p o r a n h a s i l a u d i t d a n report to the President Director and Board of
menyampaikan laporan tersebut kepada Direktur Commissioners.
Utama dan Dewan Komisaris. 6. Monitor, analyze, and report follow up of the
6. Memantau, menganalisis dan melaporkan implementation of the suggested improvements.
pelaksanaan tindak lanjut perbaikan yang telah 7. Cooperate with Audit Committee.
disarankan. 8. Prepare audit programs to evaluate the quality of
7. Bekerja sama dengan Komite Audit. the internal audit implementation.
8. Menyusun program untuk mengevaluasi mutu 9. Undertaking special audits in area of internal
kegiatan audit internal yang dilakukannya. control assigned by President Director.
9. Melakukan pemeriksaan khusus dalam lingkup
pengendalian internal yang ditugaskan oleh
Direktur Utama.
Pelaksanaan Tugas Audit Internal pada Tahun Internal Audit Job Implementation in 2012
2012
Unit Audit Internal melaksanakan tugas audit Internal Audit Unit conducted risk-based auditing
berbasis risiko menempatkan kegiatan observasi job, placing observation and analysis over internal
dan analisis terhadap pengendalian sebagai control as starting point, then extends his auditing on
starting point, kemudian mengembangkan auditnya the area that needs to be tested and fur ther
pada bidang/area yang memerlukan pengujian evaluation. During 2012, Internal Audit Unit has
dan evaluasi lebih lanjut. Selama tahun 2012, Unit conduct audits on purchase of raw materials,
Audit Internal telah melakukan audit pada proses production, and financial process. The findings
pembelian bahan baku, produksi, dan proses found during audits have been discussed with Audit
keuangan. Temuan-temuan yang didapat selama Committee and the Company’s management.
proses audit telah didiskusikan dengan Komite Audit
dan manajemen Perseroan.
Pengendalian Internal Internal Control

Perseroan telah menerapkan suatu sistem The Company has applied adequate internal
pengendalian internal yang memadai dimana controlling system where Audit Committee made
secara terjadwal Komite Audit melakukan analysis of internal control effectiveness to insure that
penelaahan atas efektifitas pengendalian internal the Company’s assets have been managed optimally
untuk memastikan bahwa aset Perseroan sudah and protected well. Audit Committee and internal
dikelola secara optimal dan dilindungi secara baik. auditor have made evaluations of the Company’s
Komite audit bersama internal audit telah melakukan accounting and information systems to ensure that
evaluasi atas sistem akuntansi dan sistem informasi the financial information resulted is true and reliable.
Perseroan untuk memastikan informasi keuangan
yang dihasilkan adalah benar dan handal.
Perseroan telah memberdayakan Unit Audit Internal The Company has empowered Internal Audit Unit to
yang merupakan unit independen dan obyektif untuk be independent and objective to conduct audits
melakukan audit berdasarkan audit berbasis risiko based on risk-based audits to assess the Company’s
untuk menilai efektifitas sistem pengendalian internal internal controlling system effectiveness. The findings
Perseroan. Hasil-hasil dari temuan Unit Audit Internal of the Internal Audit Unit have been discussed with
telah didiskusikan bersama dengan Komite Audit Audit Committee and the Company’s management.
dan manajemen Perseroan. Unit Audit Internal dan Internal Audit Unit and Audit Committee have
Komite Audit telah mendiskusikan langkah-langkah discussed the implementation of risk manageme in
penerapan manajemen risiko agar untuk order that in future Internal Audit Unit will be able to
kedepannya Unit Audit Internal dapat memantau monitor and to evaluate effectiveness of Company
dan mengevaluasi efektifitas dari proses manajemen risk management process relating how the Company
risiko Perseroan yang terkait dengan bagaimana determines its targets, then identifies, analyzes, and
Perseroan menentukan sasaran-sasarannya, follows up the risks that probably has potential
kemudian mengidentifikasi, menganalisa dan impacts on the Company reaching its targets.
menindaklanjuti risiko-risiko tersebut yang mungkin
mempunyai dampak potensial terhadap Perseroan
untuk mencapai sasaran-sasarannya.
6. Pengendalian Risiko 6. Risk Management

Dalam menjalankan usahanya, Perseroan In conducting its operation, the Company may face
menghadapi risiko yang dapat berpengaruh negatif risks which could adversely affect the operation
terhadap kelancaran usaha, pendapatan usaha smoothness, operating revenue, and its financial
maupun kondisi keuangannya. Berikut adalah conditions. The followings are description of the
uraian mengenai risiko-risiko utama yang dihadapi main risks faced by the Company and its mitigation
Perseroan dan upaya mitigasi yang dilakukan: steps that should be taken:
Risiko Keuangan Financial Risk

Perseroan melakukan identifikasi dan evaluasi The Company makes identification and evaluation
terhadap risiko-risiko keuangan seperti risiko pasar, on the financial risks such as market risks, credit risks,
risiko kredit dan risiko likuiditas, agar meminimalisir and liquidity risks in order to minimize potential
potensi kerugian keuangan, dengan melakukan financial loss, by monitoring foreign exchange rate,
pemantauan harga nilai tukar mata uang asing, interest rate, and investment in shares. To anticipate
tingkat suku bunga, dan investasi dalam efek. Pada the credit risks, the Company ensures that its
risiko kredit, Perseroan memastikan penjualan products are sold only to the credible and
produk hanya dilakukan kepada pelanggan yang having-good-track-record customers. To anticipate
dapat dipercaya dengan rekam jejak yang baik. liquidity risks, the Company must keep cash and
Risiko likuiditas, Perseroan menjaga agar posisi kas bank in liquid position by monitoring movement of
dan bank selalu dalam posisi likuid dengan liquidity requirement and ensuring the adequate
mengawasai pergerakan kebutuhan likuiditas dan cash availability to meet operational needs.
memastikan tersedianya kas yang cukup untuk
memenuhi kebutuhan operasional.
Risiko Operasional Operational Risk

Risiko operasional adalah risiko kerugian yang Operational risk is the risk of loss caused by the
disebabkan oleh kegagalan sistem informasi failure of information technology system, human
teknologi informasi, kesalahan karena faktor error factor and weakness in operational
manusia, maupun kelemahan prosedur operasional procedures of the process. These risks can cause the
dalam suatu proses. Risiko ini dapat menyebabkan losses on the Company and its subsidiaries that
terjadinya kerugian pada Perusahaan dan entitas would affect the performance of the Company and
anak sehingga akan mempengaruhi kinerja dan its subsidiaries.
tingkat kesehatan Perusahaan dan entitas anak.
Manajemen risiko yang telah diterapkan oleh Risk management has been adopted by the
Perusahaan dan entitas anak adalah sebagai Company and subsidiaries are as follows:
berikut:
- Menerapkan aturan kerja yang jelas dan sanksi - Implement a work rules and strict sanction on the
yang tegas atas penyimpangan yang terjadi, aberrations that occur, according to the error rate.
sesuai dengan tingkat kesalahan yang diperbuat. - Perform early implementation of the basic values of
- Melaksanakan penanaman nilai-nilai dasar the Company and subsidiaries to employees to
Perusahaan dan entitas anak sejak dini kepada prevent the potential of fraud.
kar yawan, sehingga dapat menghindarkan - Implement a centralized system in order to
potensi penyimpangan. systematically controlled and monitored the
- Menerapkan sistem yang tersentralisasi sehingga business process.
proses bisnis dapat terkontrol secara sistematis dan
dimonitor dari waktu ke waktu.
Risiko Pemasaran Marketing Risks

Risiko pemasaran pada umumnya timbul akibat dari Marketing risks generally arise as a result of price
persaingan harga pasar maupun kapasitas dan competition and capacity markets and networks
jaringan atau jalur pemasaran yang dimiliki. owned or marketing channels. Competition for the
Persaingan harga pasar menuntut Perseroan untuk market price requires the Company to be a paper
menjadi produsen kertas dengan biaya produksi manufacturer with the lowest production costs. For
paling rendah. Sedangkan jalur distribusi the distribution channel, the Company will
bekerjasama dengan mitra pemasaran atau cooperate with marketing partner or appropriate
distributor yang tepat. distributor.
Risiko Lingkungan Hidup Environmental Risks

Pabrik kertas menggunakan berbagai bahan kimia Paper mills use a variety of chemicals in the
dalam proses produksinya sehingga ada risiko production process so that there is risk of toxic waste
pembuangan limbah beracun. Untuk itu Perseroan disposal. Therefore, the Company has met all
telah memenuhi segala persyaratan dan ketentuan AMDAL terms and conditions determined by Badan
AMDAL yang ditentukan oleh Badan Pengelola Pengelola Lingkungan Hidup Daerah in order to
Lingkungan Hidup Daerah untuk menjaga agar protect the residents or any other living creatures
terhindar dari pencemaran lingkungan penduduk around the plant from environmental pollutions.
maupun mahluk hidup lainnya di sekitar pabrik.
7. Sanksi Administratif 7. Administrative Sanction

Sepanjang tahun 2012 tidak ada sanksi During 2012 there was no any administrative
administratif yang dikenakan kepada Perseroan, sanction charged by capital market authority and
anggota Dewan Komisaris dan Direksi, oleh otoritas other authorities to the Company, members of Board
pasar modal dan otoritas lainnya. of Commissioners and Directors.
8. Kode Etik, Budaya Perusahaan dan Sistem 8. C o d e o f E t h i c , C o m p a n y C u l t u r e , a n d

Pelaporan Pelanggaran Whistleblowing System
Saat ini, Perseroan belum membakukan kode etik Currently the Company has not compiled codes of
dan budaya perusahaan dan juga belum ethic and Company culture and also has not
mengembangkan sistem pelaporan pelanggaran. developed Whistleblowing system. The Company
Perseroan akan membakukan kode etika dan will develop and compile code of Ethic and
budaya perusahaan serta pengembangan sistem Company culture and set up Whistleblowing system
pelaporan pelanggaran di masa-masa yang akan in the future.
datang.
Corporate Social Responsibility
Tanggung Jawab Sosial Perusahaan
Implementasi dari tanggung jawab sosial perusahaan Company Social Responsibility has been implemented
(Corporate Social Responsibility) telah dijalankan through several programs, such as:
melalui berbagai program, termasuk antara lain:
Lingkungan Hidup Environment

Sebagai bentuk kepedulian Perseroan terhadap As the Company’s awareness on the environment, the
lingkungan hidup, Perseroan telah melakukan Company has planted tree around the plant area. The
penanaman pohon disekitar area pabrik. Perseroan Company uses waste water treatment facillity to
menggunakan sistem instalasi pengendalian air limbah conserve the environment of the residents and the other
untuk menjaga agar lingkungan penduduk maupun living creatures from pollution.
mahluk hidup lainnya terhindar dari pencemaran
lingkungan.
Berdasarkan Hasil evaluasi pengawasan kinerja Based on the result of the compliance evaluation by
penaatan PROPER (Program Peringkat Kinerja PROPER (Program Peringkat Kinerja Perusahaan Dalam
Perusahaan Dalam Pengelolaan Lingkungan Hidup) Pengelolaan Lingkungan Hidup) for the period of 2011
periode 2011 – 2012 dari Kementerian Lingkungan – 2012 from the Environment Ministry (KLH) Republic
Hidup Republik Indonesia memberikan peringkat BIRU of Indonesia has awarded BLUE rank for PT. Kertas
untuk PT. Kertas Basuki Rachmat, anak perusahaan. Basuki Rachmat, a subsidiary company.
Ketenagakerjaan, Kesehatan, dan Keselamatan Employment, Health, and Work Safety

Kerja
Perseroan memberikan perlindungan jamsostek dan The Company provides the occupational social security
fasilitas kesehatan untuk para karyawannya. Untuk program (Jamsostek) for its employees. For plant
karyawan pabrik, Perseroan memberikan peralatan employees, the Company provides adequate working
kerja yang memadai seperti sepatu kerja dan lain-lain. equipments such as boots etc. The Company also
Perseroan juga menyediakan dokter Perseroan khusus provides Company doctor to provide adequate
untuk kar yawan di pabrik, untuk memberikan health-care service for the plant employees.
pelayanan kesehatan yang cukup memadai.
Sosial dan Kemasyarakatan Social and Community

Penyediaan akses jalan umum di sekitar lokasi pabrik di Provide access to public streets around the plant site in
Banyuwangi untuk kepentingan mobilisasi penduduk Banyuwangi for daily mobilization of the residents. The
setempat sehari-hari. Perseroan juga menyediakan Company also provides public facilities mainly for
lahan untuk kegiatan olahraga khususnya sepakbola football and mosques used by the community around
dan masjid sebagai sarana umum dan tempat the plant. The Company holds blood donor activity for
beribadah bagi masyarakat sekitar pabrik. Perseroan the residents around the plant in order to enliven the
melaksanakan kegiatan donor darah bagi warga celebration of Independence Day August 17.
sekitar pabrik dalam rangka memeriahkan perayaan
hari kemerdekaan 17 Agustus.
Tanggung Jawab Produk Responsibility for Product

Karena produk Perseroan adalah berupa kertas tulis As the Company’s product is printing/writing paper
cetak dipakai secara umum dan tidak memerlukan used generally and it does not require special
syarat khusus, maka tidak dicantumkan informasi requirements, therefore the Company does not put any
mengenai tanggung jawab produk. information of products responsibility on the product.
Board of Commissioners and Directors’ Statement
Surat Pernyataan Anggota Dewan Komisaris
dan Direksi
Surat Pernyataan Anggota Dewan Komisaris dan Board of Commissioners and Directors’ Statement
Direksi tentang Tanggung Jawab atas Laporan regarding Responsibility for the Annual Report Year
Tahunan 2012 PT Kertas Basuki Rachmat Indonesia 2012 of PT Kertas Basuki Rachmat Indonesia Tbk.
Tbk.
Kami yang bertanda tangan di bawah ini menyatakan We the undersigned declare that all information in the
bahwa semua informasi dalam Laporan Tahunan PT Annual Report year 2012 of PT Kertas Basuki Rachmat
Kertas Basuki Rachmat Indonesia Tbk. tahun 2012 Indonesia Tbk. has been fully disclosed and are fully
telah dimuat secara lengkap dan bertanggung jawab responsible for the accuracy of the Company’s Annual
p e n u h a t a s k e b e n a r a n i s i L a p o r a n Ta h u n a n Report content.
Perusahaan.
Dan pernyataan ini dibuat dengan sebenarnya. This is our declaration, which has been made truthfully.
Jakarta, 22 April 2013 Jakarta, April 22, 2013
Dewan Komisaris
(Board of Commissioners)
James Johanes Ferdy Yustianto Adam Ariaji

Komisaris Utama/Komisaris Independen Komisaris Komisaris
(President Commissioner/Independent Commissioner) (Commissioner) (Commissioner)
Direksi
(Board of Directors)
Gani Bustan Theodorus Ito Prawira Jatty Antonius Kristijanto

Direktur Utama Direktur Keuangan Direktur Operasi
(President Director) (Finance Director) (Operation Director)
Financial Report
Laporan Keuangan

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Kertas Basuki Rachmat Indonesia Kbri Annual Report 2012 Laporan Tahunan Company Profile Indonesia Investments

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18 24

Diagram Pemegang Saham Utama Analisa dan Pembahasan Manajemen

Nama dan Alamat Profesi

Laporan Laba Rugi Komprehensif Consolidated Statement of Comprehensive

Pendapatan Usaha 76.279 25.341 44.640 Revenue

Rasio - Rasio Keuangan Financial Ratios

dalam jutaan Rupiah, kecuali dinyatakan lain

The Company recorded sales of Rp 44.64 billion in 2012 or

Masa Harga Tertinggi Harga Terendah Harga Penutupan

2011 2012 2011 2012 2011 2012

Masa Peredaran Jumlah Saham Beredar Kapitalisasi Pasar

2011 2012 2011 2012 2011 2012

Penilaian terhadap Kinerja Direksi Assessment on Board of Directors’ Performance

Komite di bawah Dewan Komisaris Committee Under Board of Commissioners

Perubahan Komposisi Dewan Komisaris Board of Commissioners Composition Change

Gambaran tentang Prospek Usaha Description on The Business Prospects

Penerapan Tata Kelola Perusahaan Implementation of Company Governance

Riwayat Singkat Perusahaan Company Brief History

Dewan Komisaris (Board of Commissioners)

Ferdy Yustianto & Adam Ariaji

Budi Priyadi Bassa Suseno Aswaldi Sofyan

T. Ito Prawira J A. Kristijanto

Dwi Setiawan Dodiek Ariyanto Harrysal Azwar

Visi dan Misi Vision and Mission

James Johanes James Johanes

Ferdy Yustianto Ferdy Yustianto

Adam Ariaji Adam Ariaji

DIREKSI BOARD OF DIRECTORS

Gani Bustan Gani Bustan

Theodorus Ito Prawira Jatty Theodorus Ito Prawira Jatty

Antonius Kristijanto Antonius Kristijanto

Pelatihan Direksi Training for Board of Commissioners and Directors

PT. Kertas Basuki 14 2 8 1 3 - -

Pelatihan untuk Karyawan Training for Employees

Pemegang Saham Jumlah Saham Persentase

PT Danatama Perkasa 1.136.197.697 13,08%

Konsorsium Keluarga Boediono dan Investor Lainnya

Yusuf Ardhi Riverton Group Wyoming

PT. KERTAS BASUKI

Alamat : Jl. Jend. Basuki Rachmat, Alamat : Menara Rajawali Lantai 6,

Faksimil : +62 - 333 422 532 Faksimil : +021 - 576 2619

Bidang Usaha : Pabrik Kertas Bidang Usaha : Tanaman Industri

Presentase : 99.99% Presentase : 100%

RIWAYAT SINGKAT ENTITAS ANAK PERUSAHAAN SUBSIDIARY COMPANIES BRIEF HISTORY

Aksi Korporasi “Penggabungan Nilai Nominal Reverse Stock

Biro Administrasi Efek : PT. Ficomindo Buana Registar

Notaris : Andalia Farida S.H., M.H.

Aset dan Ekuitas Assets and Equity

Arus Kas Cash Flow

Struktur Permodalan Perseroan Company Share Structure

Prospek Usaha Business Prospect

Total 199.436.305 300 31.500 199.436.005 31.500 0 31.500

2. Uraian Pelaksanaan Tugas Direksi 2. Description of Board of Directors Job

3. Komite Audit 3. Audit Committee

Mursalman Ahadi Mursalman Ahadi

Deden Hendrayana Deden Hendrayana

4. Sekretaris Perusahaan 4. Corporate Secretary

Uraian pelaksanaan tugas Sekretaris Perusahaan Description of Corporate Secretar y job

Pengendalian Internal Internal Control

6. Pengendalian Risiko 6. Risk Management

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