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Page 1
PAPARAN PUBLIK /
 PUBLIC EXPOSE’
 PT Tunas Alfin Tbk
       2025
Page 2
            AGENDA
• Profil Perseroan / Company Profile
• Strategi Perseroan / Company Strategy
• Kinerja Perseroan / Company Performance
• Informasi Penting Perseroan / Important
  Company Information




                                            2
Page 3
Profil Perseroan /
Company Profile


                     3
Page 4
Sekilas Mengenai Perseroan /
Overview of the Company
Pendirian dan Informasi Umum / Establishment and General Information


   Perusahaan didirikan 6 Mei 1977, merupakan pionir dan unggul dalam industri kemasan
    halus dalam bidang Printing Rotogravure.
       The Company was established on May 6, 1977, is a pioneer and leader in the fine
       packaging industry in the field of Rotogravure Printing.


   Anggaran dasar Perusahaan telah mengalami beberapa kali perubahan, terakhir dengan
    Akta Notaris Charles Hermawan, S.H. No. 281 tanggal 26 Juli 2022 mengenai perubahan
    maksud, tujuan dan kegiatan usaha. Perubahan tersebut telah disetujui oleh Menteri
    Hukum dan Hak Asasi Manusia Republik Indonesia berdasarkan Surat Keputusan No.
    AHU-0052581.AH.01.02. TAHUN 2022 tanggal 27 Juli 2022.
       The Company’s articles of association has been amended several times, the latest of
       which is covered by Notarial Deed No. 281 of Charles Hermawan, S.H. dated July 26,
       2022, concerning changes of the Company’s purposes, objectives and scope of
       activities. The amendment was approved by the Minister of Law and Human Rights of
       the Republic of Indonesia through its Decision Letter No. AHU-
       0052581.AH.01.02.TAHUN 2022 dated July 27, 2022.


   Pelanggan Perusahaan meliputi Perusahaan Lokal maupun Multinasional, terutama yang
    bergerak dalam industri makanan, minuman, rokok dan produk perawatan diri.
       The Company's customers include both Local and Multinational Companies, primarily
       engaged in the food, beverage, cigarette and personal care product industries.
                                                                                             4
Page 5
Sekilas Mengenai Perseroan (lanjutan) /
Overview of the Company (continued)
Perkembangan Usaha Perusahaan / Company Business Development
   Sebagai bagian dari Startegi Perseroan, Pada 2016, Perseroan mengakuisisi fasilitas
    produksi di Cikupa Tangerang, Banten. Fasilitas produksi ini dikhususkan memproduksi
    kemasan fleksibel. Fasilitas produksi Cikupa telah mendapatkan sertifikasi ISO 9001:2015
    dan Food Safety System Certification FSSC 22000.
      As part of the Company's Strategy, in 2016, the Company acquired a production facility in
      Cikupa Tangerang, Banten. This production facility is specialized in producing flexible
      packaging. Cikupa’s production facilities have obtained ISO 9001:2015 certification and
      Food Safety System Certification FSSC 22000.

   Untuk lebih mengintegrasikan kegiatan bisnis Perusahaan Pada tahun 2019, Perusahaan
    mengakuisisi 65.430 saham atau 90% kepemilikan saham PT Dharma Anugerah Indah
    (“DAI”) yang berasal dari akuisisi 39.985 saham milik PT Proinvestindo, 18.175 saham milik
    pihak ketiga dan 7.270 saham milik pihak berelasi, dengan total harga akuisisi sejumlah
    sebesar Rp 99.000.000.000. DAI yang berlokasi di Jombang Jawa Timur bergerak dalam
    bidang industri kemasan corrugated paper board dengan teknologi cetakan offset. Fasilitas
    produksi kemasan corrugated paper board milik DAI ini telah bersertifikasi diantaranya ISO
    9001:2015 dan FSSC 22000 V5.1: Food Safety System Certification (for Secondary
    packaging).
      To further integrate the Company's business activities, In 2019, the Company acquired
      65,430 shares or 90% ownership of PT Dharma Anugerah Indah (“DAI”) from the
      acquisition of 39,985 shares owned by PT Proinvestindo, 18,175 shares owned by third
      parties and 7,270 shares owned by related parties, with a total acquisition price of Rp
      99,000,000,000. DAI, which is located in Surabaya, is engaged in the corrugated paper
      board packaging industry with offset printing technology. DAI's corrugated paper board
      packaging production facilities have been certified including ISO 9001:2015 and FSSC
      22000 V5.1: Food Safety System Certification (for Secondary Packaging).                     5
Page 6
Sekilas Mengenai Perseroan (lanjutan) /
Overview of the Company (continued)
Fasilitas produksi / Production Facilities


   Grup Perusahaan memiliki tiga pabrik/fasilitas produksi yang berlokasi di Tangerang dan
    Jombang. Saat ini total kapasitas produksi terpasang mencapai 44.100 ton per tahun.
    The Group of Companies has three factories/production facilities located in Tangerang and
    Jombang. Currently the total installed production capacity reaches 44,100 tons per year.


   Fasilitas produksi Grup dibangun pada lahan keseluruhan seluas 152.677 meter persegi,
    terdiri dari lahan seluas 43.130 meter persegi berlokasi di Batuceper Tangerang, lahan
    seluas 15.335 meter persegi berlokasi di Cikupa Tangerang, lahan seluas 34.400 dan
    7.200 meter persegi berlokasi di Kawasan Industri Modern di Cikande, Serang sebagai
    perluasan usaha pabrik Batuceper. Fasiliats produksi DAI berdiri diatas lahan seluas
    28.077 meter persegi berlokasi di Jombang.
      The Group's production facilities are built on a total area of 152,677 square meters,
      consisting of 43,130 square meters located in Batuceper Tangerang, 15,335 square
      meters located in Cikupa Tangerang, 34,400 and 7,200 square meters located in the
      Modern Industrial Estate in Cikande, Serang as an expansion of the Batuceper factory
      business. DAI's production facilities stand on 28,077 square meters of land located in
      Jombang.




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Page 7
Sekilas Mengenai Perseroan (lanjutan) /
Overview of the Company (continued)
Fasilitas produksi (lanjutan) / Production Facilities (cont’d)


   Perusahaan telah memperluas fasilitas produksi dengan membangun pabrik baru di
    Kawasan Industri Modern Cikande, yang telah selesai dibangun pada akhir tahun 2024.
    Proses pemindahan mesin-mesin produksi akan dimulai secepatnya dan diperkirakan
    akan memakan waktu sekitar 1 (satu) tahun dengan tetap memperhatikan mapping
    penjualan ke customer sehingga tidak mengganggu schedule pengiriman produk ke
    pelanggan.
     The Company is currently expanding production facilities by building a new factory in the
     Modern Cikande Industrial Estate, which has been completed by the end of 2024. The
     process of moving production machines will be begun as soon as posssible and is
     expected to take about 1 (one) year while still paying attention to the mapping of sales to
     customers so that it does not interfere with the product delivery schedule to customers.




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Page 8
Sekilas Mengenai Perseroan (lanjutan) /
Overview of the Company (continued)
Fasilitas produksi (lanjutan) / Production Facilities (cont’d)


   Perusahaan memiliki fasilitas produksi Tools Silinder di lokasi yang sama yaitu di Modern
    Industrial Estate Cikande. Tools Silinder tersebut dibutuhkan dan menjadi tools utama
    dalam proses pencetakan.
      The Company has a Cylinder Tools production facility in the same location, namely in
      Modern Industrial Estate Cikande. The Cylinder Tools are needed and are the main tools
      in the printing process.


   Perusahaan memiliki fasilitas produksi silinder untuk mengurangi ketergantungan kepada
    pemasok tertentu sehingga dapat meminimalisasi risiko rantai pasok (supply chain risk).
    Namun dalam perkembangannya, Perusahaan belum memiliki keahlian sumber daya
    manusia serta teknologinya, oleh karena itu, sejak Oktober 2022 Perseroan menyewakan
    aset tersebut kepada PT Suprima Gravure Indonesia (“SGI”) yang merupakan perusahaan
    afiliasi. Tidak ada kerugian dan tidak terdapat risiko dari transaksi ini oleh karena aset
    yang disewakan merupakan aset non operasional.
      The Company has a cylinder production facility to reduce dependence on certain
      suppliers so as to minimize supply chain risk. However, in its development, the
      Company does not yet have the human resources and technology expertise, therefore,
      since October 2022 the Company has leased the asset to PT Suprima Gravure
      Indonesia (“SGI”) which is an affiliated company. There is no loss and no risk from this
      transaction because the leased asset is a non-operational asset.


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Page 9
Sekilas Mengenai Perseroan (lanjutan) /
Overview of the Company (continued)
Fasilitas produksi (lanjutan) / Production Facilities (cont’d)


   Pada tanggal 5 Oktober 2022, Perusahaan Induk dan PT Suprima Gravure Indonesia
    (“SGI”), pihak berelasi mengadakan perjanjian sewa menyewa aset berupa tanah,
    bangunan, mesin dan peralatan yang berlokasi di Kawasan Industri Modern Cikande,
    Serang, Banten selama jangka waktu 5 tahun sampai dengan tanggal 4 Oktober 2027.
    Dengan adanya perjanjian ini, Perusahaan Induk akan mendapatkan pendapatan rutin
    atas penyewaan properti investasi tersebut.
     On October 5, 2022, the Parent Company and PT Suprima Gravure Indonesia (“SGI”),
     related parties entered into assets lease agreement for land, buildings, machineries and
     equipments located in Modern Cikande Industrial Estate, Serang, Banten for period of 5
     years until October 4, 2027. With this agreement, the Parent Company will receive
     regular income from the rental of the investment property.




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Page 10
Sekilas Mengenai Perseroan (lanjutan) /
Overview of the Company (continued)
Fasilitas produksi (lanjutan) / Production Facilities (cont’d)



   Fasilitas produksi Grup menjalankan kegiatan operasional yang mencakup seluruh
    tahapan proses produksi kemasan, mulai dari pemilihan dan pengolahan bahan baku
    hingga menjadi produk akhir sesuai dengan spesifikasi pemesan.
      The Group's production facilities carry out operational activities covering all stages of the
      packaging production process, starting from the selection and processing of raw
      materials to the final product in accordance with customer specifications.


   Pada perspective produk, secara keseluruhan, fasilitas produksi Perusahaan dapat
    menghasilkan produk-produk kemasan kategori roll-to-roll, roll-to-sheet serta roll-to-piece.
      From a product perspective, as a whole, the Company's production facilities can
      produce packaging products in the roll-to-roll, roll-to-sheet and roll-to-piece categories.




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Page 11
Sekilas Mengenai Perseroan (lanjutan) /
Overview of the Company (continued)
Fasilitas produksi (lanjutan) / Production Facilities (cont’d)


   Fasilitas produksi di Batuceper Tangerang, yang merupakan pabrik pertama yang didirikan
    Perseroan, menjalankan proses printing rotogravure beserta pelapisan / laminating dan
    pemotongan / slitting, dalam satu aliran, dengan kemampuan memproduksi produk
    segmen kemasan Rokok dan Barang Konsumsi dalam volume besar. Kemampuan proses
    cetakannya mencakup embossed hingga sepuluh warna. Proses pelapisan hasil cetakan
    (laminating) dilakukan dengan menggunakan mesin berteknologi wet / dry laminating
    ataupun dilakukan pelapisan (coating) dengan teknologi solvent free, ataupun dilakukan
    proses direct metalizing. Finalisasi melalui proses pemotongan (sliting), dilakukan dalam
    satu aliran proses produksi yang terpadu.
      The production facility in Batuceper Tangerang, which is the first factory established by
      the Company, runs the rotogravure printing process along with laminating and slitting, in
      one flow, with the ability to produce large volumes of Cigarettes and Consumer Goods
      packaging segment products. Its printing process capabilities include embossed for up
      to ten colors. The laminating process is carried out using a machine with wet / dry
      laminating technology or a coating with solvent free technology, or a direct metalizing
      process. Finalization through a slitting process, is carried out in one integrated
      production process flow.




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Page 12
Sekilas Mengenai Perseroan (lanjutan) /
Overview of the Company (continued)
Fasilitas produksi (lanjutan) / Production Facilities (cont’d)


   Fasilitas produksi di Cikupa Tangerang, Banten mengkhususkan untuk beroperasi
    memproduksi kemasan fleksibel. Kemasan flexible yang dikerjakan        oleh    fasilitas
    produksi di Cikupa mencakup proses printing dengan kemampuan mesin berkecepatan
    tinggi hingga sembilan warna, dilanjutkan ke proses pelapisan (solvent-free laminating)
    dan proses pemotongan (slitting) maupun pemotongan menjadi bentuk bag (bag making)
    dilakukan dalam satu aliran proses produksi yang terpadu, dan berkemampuan
    memproduksi dalam skala besar. Fasilitas produksi Cikupa ini telah mendapatkan
    sertifikasi ISO 9001:2015 dan Food Safety System Certification FSSC 22000 (version 5.1)
    serta sertifikat halal untuk produk kemasan makanan dan minuman yang terbuat dari
    kertas maupun plastik.
      The production facility in Cikupa Tangerang, Banten specializes in operating flexible
      packaging. The Flexible packaging produced by the Cikupa production facility includes a
      printing process with high-speed machine capabilities of up to nine colors, followed by
      the solvent-free laminating process and the slitting process as well as cutting into bag
      shapes (bag making) which is carried out in one integrated production process flow, and
      capable of producing on a large scale. The Cikupa production facility has obtained ISO
      9001:2015 certification and Food Safety System Certification FSSC 22000 (version 5.1)
      as well as halal certification for food and beverage packaging products made of paper
      and plastic.




                                                                                                 12
Page 13
Sekilas Mengenai Perseroan (lanjutan) /
Overview of the Company (continued)
Fasilitas produksi (lanjutan) / Production Facilities (cont’d)


   Fasilitas produksi Cikupa memiliki tiga gedung fasilitas produksi baru termasuk
    didalamnya fasilitas positive room dan fasilitas aging room serta menambah mesin
    printing, solvent-less laminating, offline slitting machines, bag making dan mesin extrusion
    terbaru. Dengan adanya penambahan fasilitas ini, Perusahaan memiliki kapasitas untuk
    memproduksi kemasan halus kategori primary packaging.
      The Cikupa production facility has three new production facility buildings including
      positive room facilities and aging room facilities as well as adding printing machines,
      solvent-less laminating, offline slitting machines, bag making and the latest extrusion
      machines. With the addition of this facility, the Company has the capacity to produce fine
      packaging in the primary packaging category.


   Dalam upaya penerapan proses produksi yang ramah lingkungan, telah dilakukan oleh
    Perusahaan dengan pembelian mesin solvent-less laminating dan mesin solvent-free
    coating. Konsistensi dan kontinuitas investasi pada teknologi permesinan yang ramah
    lingkungan terus dijaga untuk meningkatkan pelayanan dan penjualan di pasar kemasan
    lokal Indonesia yang masih sangat besar potensi pasarnya.
      In an effort to implement an environmentally friendly production process, the Company
      has purchased solvent-less laminating machines and solvent-free coating machines.
      Consistency and continuity of investment in environmentally friendly machinery
      technology continue to be maintained to improve service and sales in the local
      Indonesian packaging market which still has very large market potential.
                                                                                                   13
Page 14
Sekilas Mengenai Perseroan (lanjutan) /
Overview of the Company (continued)
Fasilitas produksi (lanjutan) / Production Facilities (cont’d)


   Fasilitas produksi Jombang memproduksi kemasan corraguted paperboard yang
    berkualitas. Pabrik ini telah memperoleh sertifikasi diantaranya ISO 9001:2015 dan FSSC
    22000 V5.1: Food Safety System Certification (for Secondary Packaging). Proses produksi
    pada fasilitas Jombang dilakukan dengan menggunakan mesin offset printing
    berkecepatan tinggi hingga delapan warna, beserta proses penyinaran UV. Secara
    Operasional, proses printing ini didukung dengan proses pendukung persiapan cetak
    meliputi sistem desktop publishing, digital proofing cutting plotter dan papercutting. Setelah
    melalui proses cetak dan penyinaran UV, dilanjutkan dengan proses die cutting/pond,
    glueing dan banding.
      Jombang production facility produces quality corrugated paperboard packaging. This
      factory has obtained certifications including ISO 9001:2015 and FSSC 22000 V5.1: Food
      Safety System Certification (for Secondary Packaging). The production process at the
      Jombang facility is carried out using a high-speed offset printing machine for up to eight
      colors, along with a UV irradiation process. Operationally, the printing process is
      supported by print preparation support processes including a desktop publishing system,
      digital proofing cutting plotter and papercutting. After going through the printing and UV
      irradiation processes, it is followed by the die cutting/pond, glueing and banding
      processes.




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Page 15
Pemegang Saham dan Persentase Kepemilikan /
Shareholders and Percentage of Ownership

                                                      per 31 Desember 2024 / as of December 31, 2024
Pemegang Saham                                 Jumlah Saham       Persentase Kepemilikan                    Jumlah Rupiah
Shareholders                                 Number of Shares    Percentage of Ownership             Total Paid-up Capital

PT Proinvestindo                               1.241.863.700                         91,76               124.186.370.000
Masyarakat / Public                              111.571.300                          8,24                11.157.130.000

Jumlah / Total                                 1.353.435.000                       100,00                135.343.500.000




    per 31 Desember 2024 / as of December 31, 2024

                          PT Proinvestindo                                         Masyarakat
                                                                                     Public
                             (91,76%)                                               (8,24%)




                                                                                                 Pemegang Saham Minoritas
                                                                                                   Minority Shareholders
                                                 PT Tunas Alfin Tbk                                      (10,00%)

      John Tika                    19,37%
      Bernardus Budiman            19,35%
      Pieter Tika                  12,91%                             PT Dharma Anugerah Indah
      James Tika                   12,90%                                     (90,00%)
      Morris Tika                  12,90%
      Emily Tika                   12,91%
      Lain-lain                      9,66%
      Total                        100,00%




                                                                                                                             15
Page 16
Pemegang Saham dan Persentase Kepemilikan /
Shareholders and Percentage of Ownership

                                                         per 31 Desember 2023 / as of December 31, 2023
Pemegang Saham                                 Jumlah Saham                Persentase Kepemilikan                    Jumlah Rupiah
Shareholders                                 Number of Shares             Percentage of Ownership              Total Paid-up Capital

PT Proinvestindo                               1.243.731.700                                    91,89             124.373.170.000
Samuel Sofyan Tika (Direktur / Director)           2.730.300                                     0,20                  273.030.000
Masyarakat / Public                              106.973.000                                     7,91               10.697.300.000

Jumlah / Total                                 1.353.435.000                                  100,00              135.343.500.000




   per 31 Desember 2023 / as of December 31, 2023

                          PT Proinvestindo      Samuel Sofyan Tika (Direktur /                 Masyarakat
                                                         Director)                               Public
                             (91,89%)                     (0,20%)                               (7,91%)




                                                                                                            Pemegang Saham Minoritas
                                                                                                              Minority Shareholders
                                                  PT Tunas Alfin Tbk                                                (10,00%)

      John Tika                    19,37%
      Bernardus Budiman            19,35%
      Pieter Tika                  12,91%                                        PT Dharma Anugerah Indah
                                                                                         (90,00%)
      James Tika                   12,90%
      Morris Tika                  12,90%
      Emily Tika                   12,91%
      Lain-lain                     9,66%
      Total                       100,00%




                                                                                                                                       16
Page 17
Pemegang Saham dan Persentase Kepemilikan /
Shareholders and Percentage of Ownership

  Entitas Anak                    PT Dharma Anugerah Indah
  Subsidiary

  Alamat                          Jombang
  Address                         Jl. Raya Ploso Babat dsn. Pendowo RT 004 / RW 003
                                  Desa Kabuh, Kec. Kabuh, Kab. Jombang
  Telepon / Telephone             0321-6837829

                                  Surabaya
                                  Jl. Margomulyo No. 7 Tandes, Surabaya - 60186
  Telepon / Telephone             0831-7491508

  Persentase Kepemilikan          90%
  Percentage of Ownership

                                  Percetakan, perindustrian, perdagangan, pengangkutan darat, jasa
  Kegiatan Usaha                  dan pembangunan
  Business Activities             Printing, industry, trading, land transportation, services and
                                  construction

  Status Operasi                  Beroperasi penuh
  Operation Status                Fully operational

  Tahun Operasi Komersial         1986
  Year of Commercial Operations




                                                                                                     17
Page 18
Visi, Misi dan Nilai-Nilai Perusahaan /
Company’s Vision, Mission and Values
Visi/Vision
       Menjadi mitra bisnis yang terbaik dan berkelanjutan
       untuk produk cetak dan kemasan

       To be a sustainable business partner in printing and
       packaging product



Misi/Mission
       Menjadi yang terbaik dalam bisnis jasa cetak dan kemasan
       yang berkelanjutan, Manajemen dan seluruh karyawan
       mengutamakan pelanggan melalui Lima Prestasi Unggul:
       • Mutu produk yang berkelanjutan
       • Harga yang wajar dan bersaing
       • Pengiriman tepat waktu
       • Perbaikan berkelanjutan
       • Pelayanan pelanggan berkelanjutan

       To achieve excellence in the sustainable printing and
       packaging business, Management and all staff are customer
       focused through Five Performance Objectives:
       • Sustainable product quality
       • Fair and competitive pricing
       • On time delivery
       • Continuous improvement
       • Sustainable customer service


Nilai-Nilai Perusahaan/Company’s Values
Integritas, Kerja Tim, Dapat Dipercaya dan Perbaikan Berkelanjutan
Integrity, Teamwork, Trustworthy and Continuous Improvement
                                                                     18
Page 19
Budaya Perusahaan / Company’s Culture
Mutu                                               Quality
Mutu adalah yang pertama dan utama dalam           Quality is first and foremost in all activities. From
semua kegiatan. Sejak awal, kendalikan kegiatan    the start, control the activity and prevent the
dan cegah terjadinya ketidaksesuaian.              occurence of nonconformity.


Tanggung Jawab                                     Responsibility
Jalankanlah pekerjaan dengan sepenuh hati dan      Perform work wholeheartedly and consistently.
konsekuen.


Kejujuran                                          Honesty
Jangan pernah memikirkan apalagi melakukan         Do not ever think to commit fraud while performing
kecurangan dalam melaksanakan pekerjaan,           task, duty, responsibility and authority.
tugas, tanggung jawab dan wewenang.



Kreativitas                                        Creativity
Pasti ada cara lain. Pikirkan, temukan dan         There must be another way. Think, find and
wujudkan alternatif yang mengandung nilai lebih.   realize alternative valuable solution.


Kerjasama                                          Cooperation
Bersatulah dalam menghadapi dan mengatasi
                                                   Unite to confront and overcome problems.
semua permasalahan.


Mendengarkan                                       Listen
Memahami informasi dan suara secara aktif dan      Understand information and sounds actively and
sengaja.                                           intensionally.


Asertif                                            Asertive
Kemampuan berkomunikasi secara jujur, tegas,       The ability to communicate honestly, firmly and
dan lugas, tetapi tetap mampu menghargai           directly, but still be able to respect the feelings of
perasaan orang lain.                               others.                                                  19
Page 20
Strategi Perseroan /
Company Strategy


                       20
Page 21
Strategi Perseroan / Company Strategy
Strategi Perseroan dituangkan dalam dokumen Corporate Strategy Map dengan format
Balance Score Card dilengkapi dengan ukuran atau target pencapaian tahunan.

The Company's strategy is outlined in the Corporate Strategy Map document in the
Balance Score Card format, accompanied by measures or annual achievement targets.


Perusahaan menjalankan strategi :
  Optimalisasi kapasitas produksi didukung dengan pengadaan mesin-mesin baru
   printing serta laminating.
  Penguatan kompetensi pada sisi human resources.
  Maintenance strategy, khususnya pada mesin-mesin baru dengan menjalankan
   analisa secara modular pada setiap mesin cetak utama.
  Efisiensi pengadaan bahan baku utama dengan pemenuhan bahan baku untuk
   prioritas produksi make to stock atas permintaan pelanggan utama yang
   memberikan forecast kebutuhannya.
  Pelaksanaan strategi mempertahankan dan meningkatkan volume penjualan yang
   berfokus kepada pelanggan organik utama Perusahaan, secara konsisten
   dilanjutkan disertai dengan penyelarasan terhadap strategi efisiensi biaya
   operasional, manajemen waste produksi, dan belanja modal yang terukur.
  Manajemen terus mengupayakan efisiensi internal di seluruh lini operasional
   Perusahaan.
  Mempertahankan neraca keuangan yang tumbuh sehat, menjaga profitabilitas dan
   cash flow perusahaan tetap positif, dengan terus memperkuat integrasi aktivitas
   bisnis Grup Perusahaan serta menjaga pertumbuhan penjualan organik untuk
   dapat tumbuh lebih tinggi lagi.
  Meningkatkan kepercayaan dan menjadikan Perusahaan sebagai mitra terpercaya
   bagi perusahaan multinasional dengan terus meningkatkan kualitas produksi,
   meningkatkan ketepatan waktu penyerahan produk dengan harga yang bersaing.

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Page 22
The Company implemented strategies:
  Optimizing production capacity is supported by the procurement of new printing and
   laminating machines.
  Strengthening competency on the human resources side.
  Maintenance strategy, especially on new machines by running modular analysis on
   each main printing machine.
  Efficiency in procurement of main raw materials of fulfilling raw materials for make
   to stock production priority at the request of main customers who provide forecasts
   of their needs.
  The implementation of the strategy to maintain and increase sales volume that
   focuses on the Company's main organic customers, is consistently continued
   accompanied by alignment with strategies for operational cost efficiency, production
   waste management, and measurable capital expenditures.
  Management continues to strive for internal efficiency in all lines of the Company's
   operations.
  Maintaining a healthy growing financial balance, maintaining positive profitability
   and cash flow of the Company, by continuing to strengthen the integration of the
   Group's business activities and maintaining organic sales growth to be able to grow
   even higher.
  Increase trust and make the Company a trusted partner for multinational companies
   by continuously improving production quality, increasing the timeliness of product
   delivery at competitive prices.




                                                                                          22
Page 23
    Sensitivitas dan Tantangan Bisnis /
    Business Sensitivity and Challenges
   Kewaspadaan terhadap risiko perlambatan ekonomi dan berlanjutnya ketidakpastian global di tahun
    2025.
   Geopolitik di Timur Tengah dan Ukraina menimbulkan disrupsi logistik.
   Kondisi ekonomi makro termasuk kondisi deflasi yang beruntun mencerminkan permintaan akan
    barang dan jasa menurun atau permintaan produksi barang-barang juga akan turun, dan hal tersebut
    dapat menyebabkan kehidupan bisnis menurun.
   Persaingan dalam pasaran regional.
   Stabilitas kurs Rupiah terhadap beberapa mata uang asing, khususnya USD.
   Menjaga cash flow tetap sehat, terus mempercepat integrasi aktivitas bisnis Grup Perusahaan serta
    menjaga pertumbuhan penjualan organik menjadi prioritas utama untuk dapat tetap survive dan
    tumbuh lebih tinggi lagi.



   Caution against the risk of economic slowdown and continued global uncertainty in 2025.
   Geopolitics in the Middle East and Ukraine are causing logistical disruption.
   Macroeconomic conditions including consecutive deflationary conditions reflect a decrease in demand
    for goods and services or a decrease in demand for production of goods, and this can cause business
    life to decline.
   Competition in regional markets.
   Stability of the Rupiah exchange rate against several foreign currencies, especially the USD.
   Maintaining healthy cash flow, continuing to accelerate the integration of the Group's business
    activities and maintaining organic sales growth are the main priorities to be able to survive and grow
    even higher.

                                                                                                             23
Page 24
Kinerja Perseroan /
    Company
   Performance

                      24
Page 25
Ikhtisar
Operasional /
Operational
Overview                            1,34 Triliun/Trillion        41.856 Juta / Million
                                    Total penjualan /               Laba usaha /
                                     Sales total 2024       Income from operations 2024




         18.454 Juta / Million
     Laba bersih tahun 2024 yang
     dapat diatribusikan kepada
     pemilik entitas induk / Net
     profit 2024 attributable to
     equity holders of the parent          839                   1.232 Miliar / Billion
     entity
                                        Karyawan /             Jumlah ekuitas / Total
                                         Employees                   equity 2024

                                                                                          25
Page 26
Kinerja Ekonomi /                                                                      Dalam Juta Rupiah /

Economic Performance
                                                                                        In Million Rupiah




             Jumlah Aset /                   Jumlah Liabilitas /                    Jumlah Ekuitas /
             Total Assets                      Total Liabilities                      Total Equity
 1.835.884



                 1.733.867




                                                                        1.231.977



                                                                                          1.217.351
                             1.797.281




                                                                                                      1.186.406
                                         603.907



                                                    516.517



                                                              610.875


2024             2023        2022        2024      2023       2022      2024             2023         2022


                                                                                                                  26
Page 27
Kinerja Ekonomi /                                                           Dalam Juta Rupiah /

Economic Performance                                                         In Million Rupiah




             Penjualan /                     Laba Usaha /           Laba Tahun Berjalan /
               Sales                    Income from operations       Income for the year
 1.343.156



                1.262.896



                            1.318.101




                                                                   18.454



                                                                              38.451
                                        41.856



                                                 66.805




                                                                                        44.313
                                                          80.190


2024           2023         2022        2024     2023     2022     2024      2023      2022


                                                                                                  27
Page 28
Penjualan Neto Konsolidasi / Consolidated Net Sales
(Berdasarkan Industri Pelanggan / By Customer’s Industry)


                        LL
                                                                        LL




                                                                              RO
                                 RO
                 BK
                                                                   BK




                                       December 2024              December 2023
                                       (Consolidated)             (Consolidated)
                                  (Dalam Juta Rp /          (Dalam Juta Rp /
                                    In Million Rp)    %       In Million Rp)     %
       Barang konsumsi (BK) /
       Consumer goods                    678.022     50,5           787.986        62,4
       Rokok (RO) / Cigarette            608.645     45,3           428.132        33,9
       Lain-lain (LL) / Others            56.489      4,2            46.778         3,7
       Jumlah / Total                   1.343.156   100,0         1.262.896     100,0


                                                                                          28
Page 29
Kinerja Ekonomi /
Economic Performance




 32.390 Ton             30.050 Ton                       5 SKU
 Total produksi /   Total penjualan produk /   Produk ramah lingkungan /
 Total production      Total product sales        eco-friendly products
       2024                   2024

                                                                           29
Page 30
Rasio Likuiditas /       Rasio Profitabilitas /     Rasio Solvabilitas /
Liquidity Ratio 2024     Profitability Ratio        Solvability Ratio
                         2024                       2024
• Current Ratio 170,9%   • Return on Assets Ratio   • Debt to Assets Ratio
• Quick Ratio 101,2%       1,0%                       32,9%
                         • Return on Equity Ratio   • Debt to Equity Ratio
                           1,5%                       49,0%
                         • Net Income Ratio 1,4%




                                                                             30
Page 31
31
Page 32
32
Page 33
33
Page 34
34
Page 35
Posisi Keuangan Entitas Induk /
Parent Entity Financial Position
 1.458


                                        1.429




                     1.384                                                                 517
                                                     508




Dec-24             Dec-23              Dec-22
                                                                       445
                 Aset / Assets
         (Dalam Miliar Rp / In Billion Rp)


  950
                      939
                                                    Dec-24           Dec-23             Dec-22
                                                                  Liabilitas / Liabilities
                                                             (Dalam Miliar Rp / In Billion Rp)


                                              912




Dec-24               Dec-23             Dec-22
                 Ekuitas / Equity
          (Dalam Miliar Rp / In Billion Rp)                                                      35
Page 36
Penjualan Neto Entitas Induk /
Parent Entity Net Sales
(Berdasarkan Industri Pelanggan / By Customer’s Industry)

                       LL                                                       LL




                                  RO
                                                                                      RO
                  BK
                                                                           BK




                                            December 2024                December 2023
                                             (Parent Entity)             (Parent Entity)
                                       (Dalam Juta Rp /            (Dalam Juta Rp /
                                         In Million Rp)      %       In Million Rp)      %
        Barang konsumsi (BK) /
        Consumer goods                         607.280      54,1           585.520       55,3
        Rokok (RO) / Cigarette                 452.691      40,3           427.470       40,4
        Lain-lain (LL) / Others                 63.392       5,6            46.356        4,4

        Jumlah / Total                       1.123.363     100,0         1.059.346     100,0


                                                                                                36
Page 37
              KINERJA KEUANGAN ENTITAS INDUK /
            PARENT ENTITY FINANCIAL PERFORMANCE
1.200.000
                                                                    1.200.000
1.000.000
                                                                    1.000.000
 800.000
                                                                     800.000
 600.000
                                                                     600.000
 400.000
                                                                     400.000
 200.000
                                                                     200.000
       0                                                                   0
              '2024                        '2023                                  '2024                   '2023
                               Penjualan neto / Net sales                                     Beban neto / Net expenses

 120.000                                                                                  Entitas Induk / Parent Entity
 100.000                                                                                             Actual
  80.000                                                                                  Dalam Juta Rp / In Million Rp
  60.000                                                                                      2024            2023
                                                                      Penjualan neto
  40.000
                                                                     / Net sales              1.123.363           1.059.346
  20.000
                                                                      Beban neto /
       0                                                             Net expenses             1.103.202           1.015.598
                      '2024                                 '2023     Laba bruto /
                                                                     Gross profit                94.674            111.991
                              Laba bruto dan Laba neto /              Laba neto /
                              Gross profit and Net profit            Net profit                  14.698             34.752

                                                                                                                              37
Page 38
  Top 10 Pelanggan / Customer - Kemasan Barang Konsumsi / Consumer Goods Packaging
                (YTD December 2024 & 2023) - Entitas Induk / Parent Entity
          Nabati (TAC)

180.000                                                                   180.000

150.000                                                                   150.000
                                                                                       Nabati (TAC)
120.000                                                                   120.000
              Sayap (TAC)                                                                  Harum Alam (TAC)

 90.000              Kao
                            Harum Alam (TAC)                               90.000                 Kao
                                                                                                        Karunia (TAC)
                                 Softek                                                                       Sayap (TAC)
                                          Mayora (TAC)                                                             Softek
 60.000                                        Van Melle                      60.000                                      Hisamitsu
                                                     Hisamitsu                                                                 Mayora (TAC)
                                                          Wings (TAC)                                                               Van Melle
 30.000                                                         Frisian (TAC) 30.000                                                     Wings (TAC)


     0                                                                            0




                                                                                                                                                       38
Page 39
                  Top 10 Pelanggan / Customer - Kemasan Rokok / Cigarette Packaging
                       (YTD December 2024 & 2023) - Entitas Induk / Parent Entity

320.000   Pura                                                         280.000
                                                                                 Pura
280.000                                                                240.000
240.000
                                                                       200.000
200.000
                 Putera
                                                                       160.000
160.000                   Nojorono
                                                                                    Putera
                                                                                             Nojorono
                              Trisakti                                 120.000
120.000                              Pusaka
                                                                                                   Gelora
                                                                                                         Trisakti
 80.000
                                          Gandum                        80.000                                 Pusaka
                                             Gelora                                                                 Gandum
                                                   Djarum                                                                Bernard
 40.000                                                  Bernard        40.000                                                  Djarum
                                                               Aroma                                                                  Aroma
     0                                                                      0




                                                                                                                                              39
Page 40
  Kinerja Keuangan Perseroan
         Proyeksi 2025 /
Company Financial Performance
        2025 projections




                                40
Page 41
Proyeksi Keuangan Konsolidasi /
Consolidated Financial Projection




                                    41
Page 42
 Penjualan Neto / Net Sales 2025 Budget VS 2024 Actual
              Entitas Induk / Parent Entity

                      LL                                                LL


                                        RO                                                      RO




     BK                                                  BK




Berdasarkan Industri Pelanggan /              2025                      2024
By Customer's Industry                       Target           %      Realization      %       Var        %
Barang konsumsi (BK) / Consumer goods          665.188        56,4       607.280      54,1     57.908     9,5
Rokok (RO) / Cigarette                         469.911        39,8       452.691       40,3    17.220     3,8
Lain-lain (LL) / Others                         44.254         3,8           63.392     5,6   (19.138)   (30,2)
Jumlah / Total                               1.179.353    100,0        1.123.363      100,0    55.990     5,0




                                                                                                             42
Page 43
  Informasi Penting
Perseroan / Important
Company Information

                    43
Page 44
    Informasi Penting Perseroan /
    Important Company Information
   Penandatanganan Perjanjian Sewa Peralatan Panel Surya Fotovoltaik / Signing of
    Photovoltaic Solar Panel Equipment Rental Agreement.


    Pada tanggal 8 Desember 2023, Perusahaan dan PT Centra Multi Suryanesia Aset
    (CMSA) telah menandatangani Perjanjian Sewa Peralatan Panel Surya Fotovoltaik
    dengan jangka waktu Perjanjian selama 20 (dua puluh) tahun dengan nilai kontrak
    sebesar Rp29,5 miliar. PT CMSA akan membangun, memiliki dan menyewakan Panel
    Surya Fotovoltaik termasuk semua peralatan terkaitnya (Pembangkit) dengan total
    kapasitas 1.052.825 kWp di tanah milik Perusahaan (Situs) yang berlokasi di pabrik
    Cikupa. Perjanjian Sewa ini dilakukan pula oleh Anak Perusahaan PT Dharma
    Anugerah Indah yang berlokasi di pabrik Jombang dan PT Centra Multi Suryanesia Aset
    (CMSA) dengan nilai kontrak sebesar Rp14,7 miliar dengan total kapasitas 492.775
    kWp. Sampai dengan akhir tahun 2024, fasilitas persewaan panel surya pada Anak
    Perusahaan telah selesai dan telah menghasilkan daya listrik, sedangkan fasilitas pada
    situs pabrik Cikupa masih dalam proses pengerjaan.
        On December 8, 2023, the Company and PT Centra Multi Suryanesia Aset (CMSA)
        have signed a Photovoltaic Solar Panel Equipment Rental Agreement with a term of
        20 (twenty) years with a contract value of IDR29.5 billion. PT CMSA will build, own
        and lease Photovoltaic Solar Panels including all related equipment (Generator) with
        a total capacity of 1,052.825 kWp on land owned by the Company (Site) located at
        the Cikupa factory. This Lease Agreement was also carried out by the Subsidiary of
        PT Dharma Anugerah Indah located in the Jombang factory and PT Centra Multi
        Suryanesia Aset (CMSA) with a contract value of IDR14.7 billion with a total capacity
        of 492,775 kWp. By the end of 2024, the solar panel rental facilities at the Subsidiary
        have been completed and have generated electricity, while the facilities at the Cikupa
        factory site are still under construction.

                                                                                                  44
Page 45
    Informasi Penting Perseroan /
    Important Company Information
   Penandatangan Akta Perubahan Perjanjian Kredit / Signing of the Deed of Amendment
    to the Credit Agreement.


    Pada tanggal 9 September 2024, Perusahaan dan PT Bank Central Asia Tbk (BCA)
    telah menandatangani Perubahan Perjanjian Kredit. Perubahan perjanjian kredit
    tersebut ditandatangani sehubungan dengan diterimanya tambahan fasilitas kredit dari
    BCA yaitu berupa kredit investasi dan kredit modal kerja masing-masing sebesar
    Rp229,3 miliar dan Rp180 milliar. Penggunaan tambahan fasilitas kredit modal kerja
    adalah untuk menjaga kecukupan ketersediaan modal kerja Perusahaan. Sedangkan
    tambahan kredit investasi digunakan untuk penyelesaian perluasan fasilitas produksi
    Perusahaan dengan membangun pabrik baru yang berlokasi di Kawasan Industri
    Modern Cikande Serang Banten serta pembelian mesin-mesin produksi baru.
       On September 9, 2024, the Company and PT Bank Central Asia Tbk (BCA) have
       signed a Change of Credit Agreement. The change of credit agreement was signed
       in connection with the receipt of additional credit facilities from BCA in the form of
       investment credit and working capital credit of IDR229.3 billion and IDR180 billion,
       respectively. The use of additional working capital credit facilities is to maintain the
       adequacy of the Company's working capital availability. Meanwhile, additional
       investment credit is used to complete the expansion of the Company's production
       facilities by building a new factory located in the Modern Cikande Industrial Estate,
       Serang Banten and the purchase of new production machines.



                                                                                                  45
Page 46
    Informasi Penting Perseroan /
    Important Company Information
   Perjanjian Sewa / Rental Agreement.

    Pada tanggal 5 Oktober 2022, Perusahaan Induk dan PT Suprima Gravure Indonesia (“SGI”),
    pihak berelasi mengadakan perjanjian sewa menyewa aset berupa tanah, bangunan, mesin
    dan peralatan yang berlokasi di Kawasan Industri Modern Cikande, Serang, Banten selama
    jangka waktu 5 tahun sampai dengan tanggal 4 Oktober 2027. Dengan adanya perjanjian ini,
    Perusahaan Induk akan mendapatkan pendapatan rutin atas penyewaan properti investasi
    tersebut.
        On October 5, 2022, the Parent Company and PT Suprima Gravure Indonesia (“SGI”),
        related parties entered into assets lease agreement for land, buildings, machineries and
        equipments located in Modern Cikande Industrial Estate, Serang, Banten for period of 5
        years until October 4, 2027. With this agreement, the Parent Company will receive regular
        income from the rental of the investment property.

   Perpindahan Lokasi Perluasan Fasilitas Produksi Anak Perusahaan dan Perusahaan / Moving
    of Subsidiary’s and Company’s Production Facilities

    Pada kuartal akhir tahun 2020, Anak Perusahaan DAI telah memulai pelaksanaan
    pemindahan ke lokasi perluasan pabrik baru di Jombang, sekitar 1-2 jam dari Surabaya,
    secara bertahap dan pemindahan lokasi tersebut telah selesai dilakukan pada akhir tahun
    2022. Sehubungan dengan pembangunan perluasan pabrik baru Perusahaan Induk di lokasi
    baru di Kawasan Industri Modern Cikande Serang. Proses pembangunan telah dilakukan
    sejak akhir semester kedua tahun 2021 dan selesai dibangun pada awal kuartal pertama
    tahun 2025.
       In the end quarter of 2020, DAI the Subsidiary has started moving the factory to a new
       expansion factory location in Jombang, about 1-2 hours from Surabaya, in stages and the
       moving has been completed by the end of 2022. In connection with the construction of the
       Parent Company's new factory expansion at a new location in the Modern Cikande
       Industrial Estate Serang, The construction process has been carried out since the end of
       the second semester of 2021 and will be completed in the early first quarter of 2025.
                                                                                                    46
Page 47
Terima Kasih /




                 47

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Names mentioned 15 people and organisations named in the text · linked when the evidence is strong

linked org Tunas Alfin Tbk p.1 ×8
linked org Dharma Anugerah p.5 ×7
linked org James Tika p.15 ×2
linked person Samuel Sofyan Tika p.16 ×2
linked org Bank Central Asia Tbk p.45 ×5
possible org PT Proinvestindo p.5 ×7
unresolved person Akta Notaris Charles Hermawan p.4 ×2
unresolved org Menteri Hukum dan Hak Asasi Manusia Republik Indonesia p.4
unresolved org Minister of Law and Human Rights p.4
unresolved org PT Dharma Anugerah Indah p.5 ×5
unresolved org PT Suprima Gravure Indonesia p.8 ×6
unresolved org PT Dharma Anugerah Indah James Tika p.15
unresolved org PT Dharma Anugerah Indah Subsidiary p.17
unresolved org PT Centra Multi Suryanesia Aset p.44 ×4
unresolved org PT CMSA p.44 ×2

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