Become The Real Global Company - cdn.indonesia … · pT mandom indonesia Tbk berduka Cita ... Segenap keluarga besar PT Mandom Indonesia Tbk berduka cita atas musibah kebakaran yang

Become The Real Global Company

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PT Mandom Indonesia TBK Annual Report - Laporan Tahunan 2015 Become The Real Global Company

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Ucapan Duka CitaCondolences

Ikhtisar KeuanganFinancial Highlights

Laporan Dewan Komisaris Dan DireKsiRepoRt of BoaRd of CommissioneRs& BoaRd of diReCtoRs

Laporan Dewan KomisarisReport of Board of Commissioners

Laporan DireksiReport of Board of Directors

profiL perusahaanCompany pRofile

Misi dan Nilai-nilai PerseroanMission and Values of the Company

Data KorporasiCorporate Data

Peristiwa PentingImportant Events

Jejak LangkahMilestones

Struktur OrganisasiOrganization Structure

Profil Dewan Komisaris Profile of the Board of Commissioners

Profil DireksiProfile of the Board of Directors

Sumber Daya ManusiaHuman Resources

Informasi SahamInformation on Shares

Lembaga dan Profesi Penunjang Pasar ModalCapital Market Supporting Institution and Professional

Penghargaan & SertifikasiAwards & Certification

anaLisis Dan pembahasan manajemenmanagement disCussion and analysis

Kondisi Umum dan Prospek UsahaGeneral Condition and Business Prospects

Tinjauan OperasionalOperational Review

Tinjauan KeuanganFinancial Review

Penjualan DomestikDomestic Sales

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Daftar isi

Penjualan InternasionalInternational Sales

Pengembangan Produk BaruNew Product Development

Iklan dan PromosiAdvertisement and Promotions

Struktur Permodalan dan Kebijakan Struktur PermodalanCapital Structure and Capital Structure Policy

Kebijakan DividenDividend Policy

Target 2016Targets in 2016

Informasi MaterialMaterial Information

Perubahan Peraturan Perundang-undanganAmendment to Laws and Regulations

Perubahan Kebijakan AkuntasiChanges of Accounting Policy

TaTa KeLoLa perusahaanCorporaTe GovernanCe

Rapat Umum Pemegang SahamAnnual General Meeting of Shareholders

Dewan KomisarisBoard of Commissioners

DireksiBoard of Directors

Komite Audit Audit Committee

Komite Nominasi dan RemunerasiNomination and Remuneration Committee

Sekretaris PerusahaanCorporate Secretary

Audit InternalInternal Audit

Sistem Pengendalian InternalInternal Control System

Risiko UsahaBussiness Risks

Kode Etik PerusahaanCorporate Code of Ethics

Budaya PerusahaanCorporate Culture

Tanggung Jawab Sosial PerusahaanCorporate Social Responsibility

Laporan KeuanGanfinanCial RepoRt

TanGGunG jawab Laporan TahunanResponsiBility of the annual RepoRt

pT mandom indonesia Tbk berduka CitapT mandom indonesia Tbk mourns

Segenap keluarga besar PT Mandom Indonesia Tbk berduka cita atas musibah kebakaran yang terjadi pada tanggal 10 Juli 2015 tepatnya di area produksi aerosol pabrik Perseroan di Kawasan Industri MM 2100, Jl. Irian Blok PP, Bekasi 17520.

Musibah tersebut menyebabkan 28 orang karyawan meninggal dunia sementara 30 orang lainnya harus menjalani perawatan medis. Bukan hanya kehilangan teman dan rekan kerja, kami kehilangan bagian dari keluarga besar Perseroan. Musibah ini adalah kejadian yang sama sekali tidak diinginkan bagi kami yang mempunyai semangat OYAKUDACHI atau tumbuh bersama-sama dimana karyawan memegang peranan terbesar dalam semangat ini.

Kami terus berharap agar mereka yang sudah meninggal dunia dapat diampuni dosa-dosanya, diterima amal ibadahnya, dan dilapangkan jalannya menuju peristirahatan terakhir. Untuk keluarga yang ditinggalkan semoga diberikan ketabahan dan keikhlasan. Sementara itu, untuk rekan-rekan kami yang saat ini sedang dalam masa perawatan semoga mereka dapat tetap diberikan semangat ketabahan dan kekuatan serta diperlancar proses penyembuhannya.

Kami meminta maaf sebesar-besarnya kepada seluruh pihak yang terkena dampaknya baik karyawan, keluarga karyawan, distributor, agen, toko-toko, konsumen, supplier, dan lainnya. Kami juga berterima kasih kepada pihak Kepolisian, Pemadam Kebakaran, Rumah Sakit, Pengelola Kawasan Industri MM 2100, dan pihak-pihak lain yang telah membantu Perseroan dalam penanganan musibah kebakaran.

Selain itu, Perseroan juga sangat berterima kasih atas aksi cepat tanggap yang dilakukan oleh para karyawan yang tergabung dalam Relawan Mandom Indonesia yang telah bahu-membahu saling bekerja sama mendampingi, memberikan bantuan dan semangat kepada rekan-rekan kami beserta keluarga mereka. Tingginya rasa kekeluargaan dan solidaritas di antara karyawan membuat kami yakin dan optimis bahwa kami akan dapat melewati musibah ini dengan baik. Dan kami berkomitmen untuk berupaya sekuat tenaga mencegah terjadinya musibah seperti ini di masa depan.

The entire family of PT Mandom Indonesia Tbk mourns on the fire accident which occured on July 10, 2015 at the aerosol production area in the Company’s factory in Kawasan Industri MM 2100, Jl. Irian Blok PP, Bekasi 17520.

The fire accident took 28 lives of the employees while the other 30 had to undergo medical treatments. Not only the loss of friends and colleagues, we lose a part of the big family of the Company. This accident is something that is undesirable for us who hold on the spirit of OYAKUDACHI or growing together where the employees pay the biggest role in realizing the spirit.

We continuously pray that those who already passed away can be forgiven for their sin, accepted for their good deeds, and gracefully reach the final resting. For the bereaved family to be given patience and sincerity. As for our colleagues who are undergoing medical treatments, we pray that they are given the spirit of patience and strength and also a smooth recovery.

We sincerely ask for forgiveness to all parties affected by the accident namely the employees, employees’ family, distributors, agents, retailers, consumer, suppliers, and others. We also convey our truthful gratitude to the Police Department, Fire Brigades, Hospitals, Management of Kawasan Industri MM 2100, and other parties who have helped the Company in managing this fire accident.

Besides, the Company would like to express sincere gratitude to the quick response action conducted by the employees who belong to Relawan Mandom Indonesia (Mandom Indonesia Volunteers) who already work together in accompanying, providing assistance and support to our colleagues and their family. The high sense of brotherhood and solidarity among the employees makes the Company sure and optimistic that the Company will be able to safely pass this accident. And we are committed to put our best efforts in order to prevent such accident in the future.

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financial hig

hlights

ihtisar Keuang

an

Laporan Laba Rugi Komprehensif 2015 2014 2013 Statements of Comprehensive Income

Penjualan Bersih 2.314.890 2.308.204 2.027.899 Net Sales

Laba Bruto 877.912 897.295 *) 769.437 *) Gross Profit

Laba Usaha 218.680 256.515 *) 213.072 *) Income from Operations

Laba yang Diatribusikan kepada Pemilik Entitas Induk dan Kepentingan Non Pengendali

0 0 0 Income Attributable to Parent Entity Owner and Non Controlling Interest

Laba Bersih 544.474 175.829 *) 150.536 *) Net Income

Laba Komprehensif yang Dapat Diatribusikan kepada Pemilik Entitas Induk dan Kepentingan Non Pengendali

0 0 0Comprehensive Income Attributable to

Parent Entity Owner and Non Controlling Interest

Laba Komprehensif 541.117 167.476 *) 136.663 *) Comprehensive Income

Laba per Saham Dasar (dalam Rupiah)

2.708 874 *) 749 *) Basic Earnings per Share (in Rupiah)

Laporan Posisi Keuangan 2015 2014 2013 Statements of Financial Position

Aset Lancar 1.112.673 874.017 726.505 Current Assets

Aset Tidak Lancar 969.424 989.663 *) 747.414 *) Noncurrent Assets

Jumlah Aset 2.082.097 1.863.680 *) 1.473.920 *) Total Assets

Liabilitas Jangka Pendek 222.931 486.054 203.321 Current Liabilities

Liabilitas Jangka Panjang 144.295 125.455 *) 111.510 *) Noncurrent Liability

Jumlah Liabilitas 367.226 611.509 *) 314.831 *) Total Liabilities

Ekuitas 1.714.871 1.252.171 *) 1.159.089 *) Equity

Jumlah Liabilitas dan Ekuitas 2.082.097 1.863.680 *) 1.473.920 *) Total Liabilities & Equity

Modal Kerja Bersih 889.742 387.963 523.185 Net Working Capital

Jumlah Saham Beredar (dalam jumlah saham) 201.066.667 201.066.667 201.066.667 Issued Shares (in number of

shares)

Laporan Arus Kas 2015 2014 2013 Statements of Cash Flows

Belanja Modal 137.956 306.227 315.010 Capital Expenditure

Rasio-rasio 2015 2014 2013 Ratios

Laba Bersih/Jumlah Aset 26,2% 9,4% *) 10,2% *) Net Income/Total Assets

Laba Bersih/Ekuitas 31,8% 14,0% *) 13,0% *) Net Income/Equity

Laba Bersih/Penjualan Bersih 23,5% 7,6% *) 7,4% *) Net Income/Net Sales

Aset Lancar/Liabilitas Jangka Pendek 499,1% 179,8% 357,3% Current Assets/Current Liabilities

Jumlah Liabilitas/Jumlah Aset 17,6% 32,8% *) 21,4% *) Total Liabilities/Total Assets

Jumlah Liabilitas/Ekuitas 21,4% 48,8% *) 27,2% *) Total Liabilities/Equity

Liabilitas Jangka Pendek/Jumlah Aset 10,7% 26,1% *) 13,8% *) Currrent Liabilities/Total Assets

Ekuitas/Jumlah Aset 82,4% 67,2% *) 78,6% *) Equity/Total Assets

Penjualan Bersih/Jumlah Aset 1.11 1.24 *) 1.38 *) Net Sales/Total Assets

Rasio Kenaikan Penjualan 0,3% 13,8% 9,6% Sales Increase Ratio

Rasio Kenaikan Laba Bersih 209,7% 16,8% *) 0,1% Net Income Increase Ratio

Dividen Kas/Laba Bersih 15,1% 44,6% *) 49,4% *) Cash Dividend/Net Income

*) Disajikan kembali/As restated

Dalam jutaan Rupiah 31 DesemberIn million of Rupiah December 31

Penjualan Bersih Net Sales

Jumlah Aset Total Aset

Ekuitas Equity

Laba Bersih Net Income

2013

2013 2013

20132014

2014 2014

20142015

2015 2015

2015

2.027.899

1.473.920 *) 1.159.089 *)

150.536 *)

2.308.204

1.863.680 *) 1.252.171 *)

175.829 *)

2.314.890

2.082.097 1.714.871

544.474

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reports of the board of Commissioners & the board of Directors

Laporan Dewan Komisaris dan Direksi

para pemegang saham yang Terhormat,honorable shareholders

Tahun 2015 pemulihan perekonomian global masih tertahan, hal ini berdampak pada situasi perekonomian Indonesia. Namun demikian, ekonomi mulai membaik memasuki kuartal ke IV. Peningkatan pertumbuhan ini antara lain didorong oleh adanya realisasi investasi pemerintah, kegiatan pemilihan kepala daerah (Pilkada) dan juga dampak dari paket kebijakan ekonomi yang terus digulirkan.

Penilaian KinerjaDi tahun 2015, Perseroan mencatatkan penjualan sebesar Rp 2.315 miliar atau tumbuh 0,3% dibanding pencapaian tahun 2014 yang sebesar Rp 2.308 miliar. Sementara itu dari segi laba bersih, Perseroan mencatatkan pertumbuhan laba bersih sebesar 209,7% menjadi Rp 544 miliar pada akhir tahun 2015 dibanding tahun 2014 yang sebesar Rp 174 miliar. Nilai ini sebagian besar dikontribusikan dari laba hasil penjualan tanah, bangunan kantor dan pabrik di Sunter, Jakarta Utara.

In the year 2015, global economy recovery is still facing a delay which affected the Indonesia economy. Nevertheless, economy was able to improved entering the fourth quarter. The growth improvement was supported by the realization of government investment, local elections (Pilkada), and also affected by the economic policy packages launched by the government.

Performance Assessment In the year 2015, the Company managed to record sales of Rp 2,315 billion or grew by 0.3% compared to sales in 2014 which was Rp 2,308 billion. In terms of net income, the Company recorded net income growth of 209.7% to Rp 544 billion at the end of 2015 compared to net income in 2014 which was Rp 174 billion. Most of this figure was contributed from the proceeds of the sale of land, office building and factory in Sunter, North Jakarta.

Tatsuya ArichiPresiden KomisarisPresident Commissioner

rep

ort of the board

of Com

missioners

Laporan D

ewan K

omisaris

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Pencapaian kinerja yang tertahan tersebut tidak lepas dari adanya musibah kebakaran di area produksi aerosol pabrik Perseroan di Kawasan Industri MM 2100, Jl. Irian Blok PP, Bekasi, tepatnya pada tanggal 10 Juli 2015. Pada kesempatan ini Dewan Komisaris sekali lagi menyampaikan perasaan duka cita kepada karyawan beserta keluarganya yang telah menjadi korban, baik korban meninggal maupun luka-luka. Dewan Komisaris juga menyampaikan penghargaan setinggi-tingginya atas segala daya dan upaya Direksi dan seluruh karyawan dalam menangani para korban termasuk keluarga korban baik selama perawatan di rumah sakit maupun setelah perawatan. Sebagai komitmen Perseroan dalam memberikan perhatian dan bantuan yang berkesinambungan bagi karyawan yang menjadi korban dan juga bagi keluarganya, Dewan Komisaris telah memberikan persetujuan kepada Direksi untuk mendirikan Yayasan Mandom Indonesia.

Dalam menjalankan pengawasan atas persetujuan yang telah diberikan kepada Direksi sehubungan dengan penjualan kantor dan pabrik Perseroan yang terletak di Sunter, Jakarta Utara pada tanggal 30 Juni 2015, Dewan Komisaris memandang bahwa proses penjualan berjalan dengan baik dan sesuai dengan rencana.

Penerapan Tata Kelola PerusahaanDewan Komisaris berpandangan bahwa penerapan prinsip-prinsip Tata Kelola Perusahaan yang Baik yang sesuai dengan Anggaran Dasar dan Peraturan Perundang-undangan yang berlaku sangat diperlukan dalam proses bisnis Perseroan. Oleh karenanya dalam rangka penerapan prinsip-prinsip Tata Kelola Perusahaan yang baik, Dewan Komisaris

The slowdown in the business performance was also affected by the fire accident which occurred in the aerosol production area of the Company’s factory in the Kawasan Industri MM 2100, Jl. Irian Blok PP, Bekasi, precisely in July 10, 2015. In this opportunity, we would like to convey our deepest condolences to the employees and their families who suffered from the accident, whether those who passed away or those who had to undergo medical treatments. The Board of Commissioners would also like to express appreciation for all efforts carried out by the Board of Directors and employees who have been handling the employees and their families during hospital treatments and afterward. As the Company’s commitment in providing continued care and support to the employees and their families who suffered from the accident, the Board of Commissioners had granted approval to the Board of Directors to establish Mandom Indonesia Foundation. In performing supervision functions towards approval given to the Board of Directors regarding the sale of the Company’s land and office building and factory in Sunter, North Jakarta in June 30, 2015, the Board of Commissioners deemed the sale process had been conducted properly and in accordance with the plan.

Implementation of Corporate GovernanceThe Board of Commissioners deemed that the implementation of Good Corporate Governance in accordance with the Article of Association and prevailing Laws is essential in the Company’s business process. Thus, with regard to the implementation of principles of Good Corporate Governance, the Board of Commissioners is in charge of performing

bertugas dan bertanggung jawab melakukan pengawasan atas kebijakan pengurusan, jalannya pengurusan pada umumnya, dan juga memberikan nasihat kepada Direksi. Untuk itu Dewan Komisaris secara rutin menghadiri Rapat Direksi dan Rapat Manajemen yang diselenggarakan oleh Direksi serta mengadakan Rapat Gabungan Dewan Komisaris dan Direksi dimana Dewan Komisaris mengundang Direksi untuk melaporkan jalannya pengurusan Perseroan dan hal-hal lainnya yang berkaitan dengan proses bisnis Perseroan.

Dalam menjalankan salah satu fungsi pengawasan, Dewan Komisaris telah menerima dengan baik laporan keuangan Perseroan yang berakhir pada tanggal 31 Desember 2015 yang telah diaudit oleh Kantor Akuntan Publik Osman Bing Satrio & Eny (member of Deloitte Touche Tohmatsu) dengan pendapat wajar tanpa pengecualian dan Laporan Tahunan Tahun 2015 yang akan disampaikan oleh Direksi untuk memperoleh persetujuan pada Rapat Umum Pemegang Saham Tahunan Perseroan tanggal 21 April 2016.

Komite di bawah Pengawasan Dewan KomisarisSebagai komitmen Dewan Komisaris untuk melaksanakan Tata Kelola Perusahaan yang Baik, Dewan Komisaris dalam melaksanakan tugasnya dibantu oleh Komite Audit dan Komite Nominasi dan Remunerasi. Tahun 2015, Dewan Komisaris telah menerima laporan dari Komite Audit atas tugas yang diberikan oleh Dewan Komisaris meliputi memberikan pendapat yang independen kepada Dewan Komisaris terhadap laporan atas hal-hal yang disampaikan oleh Direksi kepada Dewan Komisaris, serta mengidentifikasi hal-hal yang memerlukan perhatian Dewan Komisaris,

supervision and is responsible for the supervision of management policies, management in general, and to provide advice to the Board of Directors. The Board of Commissioners regularly joins Board of Directors Meetings and Management Meetings held by the Board of Directors as well as conducting Joint Meeting of the Board of Commissioners and the Board of Directors where the Board of Commissioners invite the Board of Directors to deliver report on the Company’s management and others related to the Company’s business process.

In performing one of the supervisory functions, the Board of Commissioners had fully acknowledged the Company’s Financial Report for the period ended at December 31, 2015 which has been audited by Public Accountant Office Osman Bing Satrio & Eny (member of Deloitte Touche Tohmatsu) with unqualified opinion and Annual Report of the year 2015 which will be presented by the Board of Directors to obtain approval in the Company’s Annual General Meeting of Shareholders which will be held on April 21, 2016.

Committee Under the Supervision of Board of CommissionersAs the commitment of the Board of Commissioners to implement Good Corporate Governance, the Board of Commissioners in performing its duties is supported by Audit Committee and Nomination and Remuneration Committee. In the year 2015, the Board of Commissioners had acknowledged report from Audit Committee for responsibilities assigned by the Board of Commissioners including provide independent opinion to the Board of Commissioners regarding reports presented by the Board of Directors to the Board of Commissioners,

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diantaranya melakukan penelaahan kepatuhan Perseroan terhadap peraturan perundang-undangan yang berlaku di bidang Pasar Modal dan peraturan perundang-undangan lainnya yang berhubungan dengan kegiatan usaha Perseroan, pengendalian internal oleh Departemen Internal Audit, serta penyajian laporan keuangan Perseroan yang sesuai dengan Standar Akuntansi Keuangan di Indonesia. Dewan Komisaris juga telah menerima laporan rekomendasi dari Komite Nominasi dan Remunerasi atas pelaksanaan tugasnya dalam menyusun dan menyiapkan rekomendasi untuk nominasi dan remunerasi bagi anggota Dewan Komisaris dan Direksi.

Pandangan atas Prospek Usaha PerseroanTahun 2015 dilewati Perseroan dengan adanya musibah kebakaran yang menyebabkan mundurnya target penjualan Rp 3 triliun yang di rencanakan tercapai pada akhir periode dari Rencana Jangka Menengah 3-Tahun yang ke-4 (MID-4) yaitu akhir tahun 2016. Atas hal ini Dewan Komisaris memahami bahwa target penjualan Rp 3 triliun diharapkan dapat dicapai di tahun 2017. Dewan Komisaris mendukung penuh terhadap Direksi atas rencana di tahun 2016 untuk melanjutkan upaya pemulihan dari musibah kebakaran dan senantiasa mengawasi dan memberikan saran untuk dapat segera bangkit dan dapat melewatinya dengan baik.

Dewan Komisaris optimis akan pencapaian kinerja di tahun 2016 sebagaimana Dewan Komisaris telah melakukan penelaahan atas rencana kerja tahunan dan anggaran tahunan Perseroan untuk tahun 2016 yang disusun dan dibuat oleh Direksi.

Perubahan Komposisi anggota Dewan Komisaris Rapat Umum Pemegang Saham (RUPS) Tahunan tahun 2015 telah menyetujui perubahan susunan anggota Dewan Komisaris yang bertugas sampai dengan ditutupnya RUPS Tahunan tahun 2016 dengan Susunan Dewan Komisaris sebagai berikut:

identify issues which require consideration from the Board of Commissioners, among others performing review of the Company’s compliance with the prevailing laws and regulations in the Capital Market sector and other laws and regulations related to the Company’s business activities, internal control by the Internal Audit division, as well as the Company’s financial report which comply to the Financial Accounting Standards in Indonesia. The Board of Commissioners had acknowledged the recommendation report from Nomination and Remuneration Committee on the implementation of their responsibility in composing and preparing nomination and remuneration recommendation for members of the Board of Commissioners and the Board of Directors.

Outlook on the Company’s Business ProspectsThe Company had completed the year 2015 although the fire accident gave impact on the postponement of sales target Rp 3 trillion which was initially planned to be achieved at the end period of the 3-Year Middle Range Management Planning Stage 4 (MID-4) which is in 2016. Regarding this matter, the Board of Commissioners understands that the sales target of Rp 3 trillion is expected to be achieved in 2017. The Board of Commissioners provides supports to the Board of Directors for the plan in 2016 to continue the recovery efforts from the fire accident and continuously supervise and give advice in order to be able to recover and safely passed it.

The Board of Commissioners is optimistic on the achievement in 2016 as the Board of Commissioners had conducted review on the annual action plans and annual budget of the Company which was compiled by the Board of Directors.

Change in the Composition of members of the Board of CommissionersThe Annual General Meeting of Shareholders (AGMS) in 2015 has approved the changes in the composition of members of the Board of Commissioners who are in charge until the closing of an AGMS in 2016 with the Composition of the Board of Commissioners as follows:

Dewan Komisaris / Board of Commissioners Nama / Name

Presiden KomisarisPresident Commissioner Tatsuya Arichi

KomisarisCommissioner Motonobu Nishimura

KomisarisCommissioner Lie Harjono

Komisaris IndependenIndependent Commissioner DR. Marsetio

Komisaris IndependenIndependent Commissioner Sastra Widjaja

Komisaris IndependenIndependent Commissioner

Dr. Bambang Rudyanto

Sehubungan dengan akan berakhirnya masa jabatan seluruh anggota Dewan Komisaris setelah ditutupnya RUPS Tahunan Tahun 2016, Perseroan telah menerima surat rekomendasi pada tanggal 7 Maret 2016 dari Mandom Corporation selaku Pemegang Saham Pengendali Perseroan dengan jumlah saham 122.319.485 saham yang merupakan 60,84% dari saham yang telah dikeluarkan oleh Perseroan, mengenai usulan susunan anggota Direksi dan Dewan Komisaris yang baru dengan masa tugas mulai ditutupnya RUPS Tahunan tahun 2016 sampai ditutupnya RUPS Tahunan tahun 2018. Surat rekomendasi ini kemudian ditelaah oleh Komite Nominasi dan Remunerasi dan Dewan Komisaris. Adapun susunan anggota Dewan Komisaris yang akan diusulkan dalam RUPS Tahunan tahun 2016 yang rencananya akan diselenggarakan pada tanggal 21 April 2016 adalah sebagai berikut:

Riwayat hidup Dewan Komisaris dapat dilihat pada halaman Profil Dewan Komisaris.Dengan berakhirnya periode masa jabatan, Bapak Sastra Widjaja menyudahi tugasnya sebagai anggota Dewan Komisaris Perseroan. Atas sumbangsih yang telah diberikan oleh Bapak Sastra Widjaja baik berupa tenaga maupun pikiran, kami ucapkan terima kasih dan teriring doa untuk kesuksesan di masa depan.

Ucapan Terima kasihMenutup laporan ini, Dewan Komisaris menyampaikan penghargaan dan ucapan terima kasih kepada semua anggota Direksi, seluruh Karyawan dan kepada Pemegang Saham serta pihak-pihak yang terkait atas dukungan dan kepercayaan yang selama ini diberikan kepada Perseroan. Bersama-sama kita kuat dan siap menghadapi berbagai tantangan di tahun 2016 dengan penuh keyakinan.

As the term of office of members of the Board of Commissioners will end after the closing of an AGMS in 2016, the Company has received a recommendation letter dated 7 March 2016 from Mandom Corporation as the Company’s Controlling Shareholder with a total of 122,319,485 shares which constitutes 60.84% of the shares issued by the Company, concerning a proposed composition of the new members of the Board of Directors and Board of Commissioners with office term starting from the closing of an AGMS in 2016 up to the closing of AGMS in 2018. This recommendation letter was then reviewed by the Nomination and Remuneration Committee and the Board of Commissioners. The composition of the Board of Commissioners to be proposed at the AGMS in 2016 which is planned to be held on 21 April 2016 is as follows

The curricula vitae of the Board of Commissioners can be seen on the Profile of the Board of Commissioners’ pages.With regards to the completion of the term of office, Sastra Widjaja also completed his duty as member of the Company’s Board of Commissioners. Of the contribution given by Sastra Widjaja, both energy and ideas, we convey our heartfelt gratitude and wishing him a success in the future.

Acknowledgements Finishing the report, the Board of Commissioners would like to express appreciation and gratitude to all members of the Board of Directors, Employees and Shareholders as well as other related parties, for the support and confidence rendered to the Company. Together we can be strong and ready to face many challenges in the year 2016 with confidence.








Bekasi, 7 Maret 2016Bekasi, March 7, 2016

Tatsuya ArichiPresiden Komisaris

President Commissioner

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para pemegang saham yang Terhormat,honorable shareholders

Perekonomian dunia di tahun 2015 penuh dengan gejolak dimana harga komoditas global terus menurun, perbaikan ekonomi Amerika Serikat masih tertahan dan pemulihan ekonomi Eropa masih lambat dengan tingkat inflasi yang rendah. Sementara di Asia, perekonomian Jepang diperkirakan masih lemah seiring dengan konsumsi yang melemah begitu juga dengan China. Di dalam negeri, pertumbuhan ekonomi juga melambat dibanding tahun-tahun sebelumnya walaupun pada kuartal IV tahun 2015, perbaikan ekonomi domestik mulai terlihat. Diantaranya pada sektor konsumsi pemerintah didorong oleh realisasi belanja pemerintah dan meningkatnya implementasi proyek infrastruktur pemerintah.

Kinerja PerusahaanTahun 2015 adalah tahun yang penuh tantangan bagi Perseroan. Di awal tahun, Perseroan mempersiapkan proses relokasi ke kantor pusat dan pabrik baru di Kawasan Industri MM 2100, Bekasi yang sudah mulai dibangun sejak bulan Juni 2013.

The world’s economy in 2015 was full of upheavals where global commodities prices continued to decrease, economic improvement of the United States of America was still stagnant and recovery of European economy was still slow with low level of inflation. Meanwhile in Asia, Japanese economy was estimated to remain weak in line with the weakening of consumption, just like China. Domestically, economic growth was also slowing down compared with the previous years although in the fourth quarter of 2015, signs of an improving domestic economy could be seen. Among others the government consumption sector was driven by the realisation of government spending and the increasing realization of government infrastructure projects.

Company PerformanceYear 2015 was a challenging year for the Company. At the beginning of the year, the Company prepared the process of relocation to the new head office and factory at the Kawasan Industri MM 2100, Bekasi which started its development in June 2013.

Muhammad Makmun ArsyadPresiden Direktur / CEOPresident Director / CEO

rep

ort of the board

of Directors

Laporan D

ireksi

Sehubungan dengan proses relokasi ini, Perseroan menjual tanah, bangunan kantor dan pabrik di Sunter, Jakarta Utara. Nilai penjualan sebesar Rp 500 miliar (tidak termasuk pajak). Sehubungan dengan transaksi jual beli ini, Perseroan sudah menyampaikan laporan keterbukaan informasi kepada OJK dan BEI sesuai dengan peraturan yang berlaku.

Namun kemudian di bulan Juli 2015, terjadi peristiwa musibah kebakaran di area produksi aerosol pabrik baru Perseroan. Musibah tersebut menyebabkan 28 orang karyawan meninggal dunia sementara 30 orang lainnya harus menjalani perawatan medis. Perseroan sangat berduka atas musibah ini dan meminta maaf sebesar-besarnya kepada seluruh pihak yang terkena dampaknya baik karyawan, keluarga karyawan, distributor, agen, toko-toko, konsumen, supplier, dan lainnya.

Bagi karyawan yang meninggal dunia, Perseroan memberikan santunan duka cita dan santunan biaya pemakaman serta transportasi juga santunan lain sesuai dengan peraturan perundang-undangan yang berlaku. Perwakilan dari Manajemen dan karyawan Perseroan juga menghadiri acara pemakaman baik di dalam maupun luar kota.

Perseroan bekerja sama dengan pihak BPJS Ketenagakerjaan telah menyampaikan santunan kepada ahli waris dari karyawan. Perseroan juga telah mendirikan Yayasan Mandom Indonesia yang salah satu peruntukannya adalah untuk menangani pemberian santunan pendidikan kepada anak-anak dari karyawan yang meninggal dunia. Perseroan menyadari, walaupun apa yang telah dilakukan tidak akan bisa menghapus duka yang dirasakan, namun setidaknya bisa mengurangi beban bagi keluarga yang ditinggalkan.

Sementara itu bagi 30 orang karyawan yang saat ini masih menjalani perawatan medis, Perseroan menanggung biaya perawatan dan memberikan bimbingan psikologis melalui tim Psikolog. Kondisi setiap karyawan terus dimonitor dan setiap bulannya dilaporkan dalam Rapat Direksi dan Rapat Manajemen.

Perseroan berterima kasih kepada pihak Kepolisian, Pemadam Kebakaran, Rumah Sakit, Pengelola Kawasan Industri MM 2100, dan pihak-pihak lain yang telah membantu Perseroan dalam penanganan musibah kebakaran. Selain itu, Perseroan juga sangat berterima kasih atas aksi cepat tanggap yang dilakukan oleh karyawan yang tergabung dalam Relawan Mandom Indonesia. Para relawan mendedikasikan waktu dan tenaga untuk bergantian berjaga di rumah sakit bahkan selama libur Lebaran. Tingginya rasa kekeluargaan dan solidaritas di antara karyawan membuat Perseroan yakin dan optimis bahwa Perseroan akan dapat melewati musibah ini dengan baik.

In relation to this relocation, the Company sold its land, office building and factory in Sunter, North Jakarta. The proceeds from the sale were Rp 500 billion (excluding tax). In relation to this sale and purchase transaction, the Company has submitted a disclosure report to OJK (Financial Services Authority) and BEI (Indonesia Stock Exchange) in accordance with the prevailing regulations.

However, later in July 2015, there was a fire accident at the aerosol production area of the Company’s new factory. The accident took 28 lives of the employees while the other 30 had to undergo medical treatments. The Company was very much in sorrow about this accident and asked for apologies from all parties affected by such accident, including the employees, their families, distributors, agents, shops, consumers, suppliers, and others.

For the employees who passed away, the Company provided a bereavement allowance and also provided burial and transportation allowances including other allowances in accordance with the applicable laws and regulations. Representatives from the Company’s Management and employees also attended the burial ceremonies both in town and out of town.

The Company in cooperation with BPJS Ketenagakerjaan (Social Security Provider) has given the benefits to the employees’ beneficiaries. The Company has also established Yayasan Mandom Indonesia (Mandom Indonesia Foundation), where one of its aims is to organize an educational assistance for the children of the demised employees. The Company understands that, although what it has done could never take away their sorrows, at least this would minimize the burdens of the families left behind.

Meanwhile, for the 30 employees who are currently still receiving medical treatments, the Company takes full responsibility for the of medical treatments expenses and provides psychological counselling through a team of Psychologists. The condition of each employee continued to be monitored every month and reported in the Board of Directors’ Meeting and Management Meeting.

The Company would like to convey gratitude to the Police, Fire Brigades, Hospitals, the Management of Kawasan Industri MM 2100, and other parties who have helped the Company in managing this fire accident. In addition, the Company is also very grateful for the quick response action by the employees who belong to Relawan Mandom Indonesia (Mandom Indonesia Volunteers). The volunteers dedicated their times and energy to take turn to take care of their colleagues even during the Eid al-Fitr holiday. The high sense of brotherhood and solidarity among the employees makes the Company sure and optimistic that the Company will be able to safely pass this accident.

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Dalam hal produksi, paska musibah kebakaran, kegiatan produksi sempat dihentikan dan baru mulai kembali berjalan di pertengahan Agustus 2015. Perseroan melakukan evaluasi seluruh fasilitas produksi dan menggelar doa bersama dengan seluruh karyawan agar secara lahir dan bathin, karyawan sudah siap untuk bekerja kembali.

Perseroan dan segenap manajemen dan karyawan bertekad untuk bekerja keras dan bekerja sama erat agar tidak ada lagi peristiwa kecelakaan kerja yang terjadi. Saat ini area kebakaran sedang dalam proses pemugaran dan rencananya akan digunakan untuk fasilitas karyawan berupa bangunan ibadah dan sarana olah raga. Produksi produk aerosol untuk sementara dilakukan dengan sistem OEM (Original Equipment Manufacturer) di dalam dan luar negeri.Demikianlah tahun 2015 sebagai tahun yang cukup berat bagi Perseroan. Namun, Perseroan berusaha sekuat tenaga untuk bangkit dan melakukan pembenahan paska musibah kebakaran.

Perseroan memutuskan produk-produk fast moving sebagai konsentrasi dalam hal produksi dan penjualan. Beberapa produk baru juga diundur peluncurannya sampai dengan tahun 2016. Sisa waktu di tahun 2015 difokuskan untuk produk-produk yang penjualannya sangat baik di pasar.

Sebagai hasilnya, Perseroan di tahun 2015 mencatatkan penjualan sebesar Rp 2.315 miliar dimana penjualan domestik sebesar Rp. 1.697 miliar dan penjualan ekspor sebesar Rp. 618 miliar.

With regards to production, post the fire accident, production activities were halted and just started to resume mid of August 2015. The Company has conducted evaluations of all its production facilities and held a communal prayer together with all employees in order that the employees are completely ready to get back to work.

The Company and all management and employees are determined to work hard and to cooperate closely so as no more such occupational accident would happen. At the moment, the area that was caught by fire is in the process of renovation and it is planned to be used for employee facilities such as a building for religious service and sports facility. The production of aerosol products is temporarily made with an OEM (Original Equipment Manufacturer) system in country and overseas. So, year 2015 was quite a difficult year for the Company. However the Company is attempting to rise again and make corrections after the fire accident.

The Company has decided to choose fast moving products as its concentration in terms of production and sales. The launching of some of the new products has been postponed until 2016. The remaining time in 2015 was focused on products with very good sales in the market.

As a result, in 2015 the Company recorded sales of Rp 2,315 billion where domestic sales reached Rp 1,697 billion and export sales reached Rp 618 billion. Although in total sales only grew 0.3%

Walaupun secara total penjualan hanya tumbuh 0,3 % dibanding tahun 2014, namun penjualan domestik mampu mencatatkan pertumbuhan 5,6% dibanding tahun 2014. Nilai penjualan ini tentunya dibawah target yang ditetapkan bahwa penjualan Perseroan harus tumbuh dua digit.

Sementara itu, laba bersih Perseroan tercatat sebesar Rp 544 miliar atau tumbuh 209,7% dibanding tahun 2014. Nilai ini sebagian besar dikontribusikan dari laba hasil penjualan tanah, bangunan kantor dan pabrik di Sunter, Jakarta Utara.

Pasar domestik di tahun 2015 baru mulai menunjukkan perbaikan di kuartal IV. Hal ini didorong terutama oleh adanya realisasi investasi pemerintah. Sehubungan dengan hal tersebut, indeks kepercayaan konsumen relatif mulai membaik didukung perbaikan keyakinan konsumen akan kondisi ekonomi saat ini, terutama terhadap fundamental perekonomian nasional. Meskipun demikian, lemahnya daya beli konsumen di tiga kuartal pertama tahun lalu tentunya memberikan dampak yang cukup signifikan pada total nilai penjualan Perseroan. Dari sisi biaya, pelemahan nilai tukar Rupiah terhadap Dolar AS menyebabkan adanya kenaikan biaya di beberapa lini.

Dalam situasi yang sedemikian, Perseroan tetap aktif menyelenggarakan kegiatan iklan dan promosi untuk dapat mempertahankan loyalitas konsumen dan pangsa pasar produk-produk Perseroan. Hairstyling dari GATSBY dan base makeup dari PIXY masing-

compared with year 2014, domestic sales were able to record a 5.6% growth compared with 2014. This sales value is certainly below the target that has been set which is two-digit sales growth.

Meanwhile, the Company’s net profit was recorded at Rp 544 billion or grew by 209.7% compared with 2014. Most of this figure was contributed from the proceeds of the sale of land, office building and factory in Sunter, North Jakarta.

Domestic market in 2015 just started to show an improvement in the fourth quarter. This is primarily driven by the realization of government’s investments. In relation to this, consumers’ confidence index started to recover, supported by the improvement of consumers’ confidence of the current economic condition, especially on the fundamental of national economy. However, the weak consumer purchasing power in the first three quarters of last year certainly gave quite significant impacts on the total sales value of the Company. From the cost side, the weakening of Rupiah exchange rate against US Dollars has caused some increases in several lines.

In such a situation, the Company remained active in holding advertisement and promotional activities in order to retain consumers’ loyalty and markets for the Company’s products. Hairstyling from GATSBY and base makeup from PIXY became the categories

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masing menjadi kategori yang menjadi fokus di tahun 2015. Dalam kategori hairstyling, GATSBY Styling Pomade merajai pasar men’s hairstyling di Indonesia seiring dengan maraknya trend pemakaian Pomade diantara anak muda. Pomade sendiri adalah produk yang pertama diproduksi oleh Perseroan di tahun 1971 menggunakan merek Tancho. Seiring dengan kembalinya tren pemakaian Pomade, Perseroan memutuskan untuk meluncurkan produk Pomade baru yang sesuai dengan kebutuhan anak muda masa kini namun dengan tampilan desain kemasan yang klasik. Produk ini pun diterima dengan sangat baik oleh konsumen dan untuk meningkatkan consumer awareness, diselenggarakan event GATSBY 1st Barbers Competition di bulan Desember 2015.

Sementara untuk PIXY, di tahun 2015 diadakan beberapa consumer campaign seperti PIXY Beauty Career Goes to Campus, PIXY Young Inspiring Award 2015, PIXY Perfect Surprise, dan lain-lain. Aktivitas ini dilakukan untuk memperluas profil konsumen sekaligus mempertahankan konsumen loyal PIXY. Dimulai di tahun 2014, PIXY melaksanakan proses rejuvenasi/peremajaan merek dengan mengganti desain kemasan dan juga peluncuran produk-produk baru yang sesuai dengan kebutuhan perempuan muda seperti BB Cream dan Compact Powder.

Dari segi ekspor, penjualan Perseroan turun dibanding tahun 2014. Hal ini salah satunya dipengaruhi oleh tidak beroperasinya produksi produk aerosol yang memberikan kontribusi cukup signifikan sebesar 17% kepada total penjualan ekspor.

Selain itu juga Perseroan memutuskan untuk berkonsentrasi pada produk domestik fast moving pada produksi dan penjualan di kuartal IV tahun 2015. Namun demikian, Perseroan yakin dengan mulai normalnya kegiatan produksi, Perseroan akan dapat kembali memenuhi permintaan pasar ekspor.

Pengembangan pasar ekspor dilakukan untuk wilayah Indochina yaitu Vietnam, Kamboja, Myanmar, dan Laos. Di tahun 2015 Mandom Group telah mendirikan Mandom Vietnam Co., Ltd. sebagai bukti keseriusan Mandom Group untuk melakukan ekspansi di pasar Indochina. Total jumlah penduduk keempat negara yang menyamai jumlah penduduk Indonesia serta kondisi ekonomi yang sedang berkembang membuat pasar Indochina menarik bagi banyak investor. Perseroan akan memperluas area distribusi produk serta memperkenalkan lebih banyak jenis produk ke pasar Indochina.

Gambaran tentang Prospek UsahaIndustri kosmetik di tahun 2015 menghadapi tantangan dari perlambatan ekonomi dan makin maraknya produk impor yang beredar di pasar Indonesia. Nilai tukar Rupiah yang mencatatkan pelemahan memaksa produsen untuk menaikkan harga jual, tidak terkecuali Perseroan. Di tahun 2016, Indonesia memasuki masa penerapan Masyarakat Ekonomi Asean (MEA) dimana produk impor

that were focused in 2015. In the hairstyling category, GATSBY Styling Pomade dominated men’s hairstyling market in Indonesia in line with the increasing trend of Pomade use among the youths. Pomade itself is the first product produced by the Company in 1971 under the Tancho brand. In line with the returning trend of Pomade use, the Company decided to launch a new Pomade product which meets the current needs of the youths but with the appearance of a classic packaging design. This product is also very well received by consumers and in order to promote consumer awareness, a GATSBY 1st Barbers Competition event was held in December 2015.

As for PIXY, several consumer campaigns were held in 2015 such as PIXY Beauty Career Goes to Campus, PIXY Young Inspiring Award 2015, PIXY Perfect Surprise, and others. These activities were carried out in order to expand consumer profiles at the same time to retain PIXY loyal consumers. Started in the year 2014, PIXY carried out a brand rejuvenation process by changing the packaging design and also launching new products which meet the needs of young ladies such as BB Cream and Compact Powder.

From the export side, the Company’s sales were down compared with 2014. One of the causes was the halting of production of aerosol products which gave quite a significant contribution of 17% to the total export sales.

Moreover, the Company has also decided to concentrate on fast moving domestic products in the production and sales in the fourth quarter of 2015. However, the Company is sure with the returning into normal of production activities, the Company will be able to meet the export market demands.

The development of export market is focused on Indochina region including Vietnam, Cambodia, Myanmar, and Laos. In 2015 Mandom Group has established Mandom Vietnam Co., Ltd. as a proof of Mandom Group’s commitment to make an expansion in the Indochina market. The total number of population in the four countries which equals to the number of population in Indonesia as well as the growing economic condition have made the Indochina market attractive to many investors. The Company will expand the area of product distribution and introduce more varieties of products to the Indochina market.

The Picture of Business ProspectCosmetics industry in 2015 faced the challenge from economic slowdown and the growing import products circulating in the Indonesian market. The weakening rupiah exchange rate has forced the producers, including the Company, to increase the sales price. In 2016, Indonesia will enter into the era of Asean Economic Community (MEA) where import products including cosmetics will increasingly enter

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termasuk kosmetik akan semakin banyak masuk ke pasar Indonesia. Di satu sisi tidak sedikit peluang dan kesempatan yang akan terbuka lebar, namun di sisi lain tingkat kompetisi akan lebih tinggi di banyak bidang usaha dan jasa.

Meskipun demikian, dengan pengalaman hampir 45 tahun di Indonesia, Perseroan yakin dapat memahami dan memberikan produk-produk yang sesuai dengan kebutuhan dan konsumen Indonesia. Dan konsumen Indonesia juga sudah dapat memilah produk kosmetik yang aman untuk digunakan.

Sementara itu, bagi Perseroan tahun 2015 adalah tahun kedua dari periode Rencana Manajemen Jangka Menengah 3-Tahun yang ke-4 (MID-4) dimana Perseroan telah menetapkan ”Mewujudkan The Real Global Company” sebagai tema dalam MID-4. Di akhir periode, penjualan Rp 3 triliun menjadi target besar yang diharapkan dapat dicapai oleh Perseroan. Namun demikian, rencana ini harus mundur ke tahun 2017 karena di tahun 2016 Perseroan akan fokus pada usaha pemulihan dan pembenahan dari musibah kebakaran, untuk bisa mencapai target besar tersebut di tahun 2017.

Untuk mencapainya, Perseroan akan meningkatkan produktivitas, mengembangkan produk baru, menekan biaya produksi, menambah aktivitas kegiatan iklan dan promosi, memperluas area distribusi baik domestik maupun ekspor, meningkatkan skill personel, serta kualitas dan sistem produksi. Tahun 2016 diharapkan menjadi tahun yang lebih baik bagi ekonomi nasional dan global. Percepatan realisasi investasi pemerintah diharapkan dapat memberikan efek positif kepada perekonomian nasional yang pada akhirnya dapat mendorong pertumbuhan ekonomi yang lebih baik dari tahun 2015. Perseroan optimis di tahun 2016 dapat kembali mencatatkan pertumbuhan penjualan dua digit dan bersiap menuju penjualan Rp 3 triliun di tahun 2017.

Penerapan Tata Kelola PerusahaanPerseroan menerapkan tata kelola perusahaan di lingkungan kerja sebagai landasan dalam pengelolaan bisnis Perseroan. Di tahun 2015 Perseroan telah melakukan beberapa perbaikan sehubungan dengan penerapan tata kelola perusahaan yaitu kepatuhan terhadap Peraturan OJK (POJK) yang terbit di akhir tahun 2014 diantaranya mengenai Rapat Umum Pemegang Saham, Direksi dan Dewan Komisaris Perseroan, Sekretaris Perusahaan, dan Komite Nominasi dan Remunerasi. Telah dilakukan penyesuaian Anggaran Dasar, penyusunan pedoman dan kode etik Direksi, Dewan Komisaris, Komite Audit, dan Komite Nominasi dan Remunerasi. Mengenai yang terakhir, telah dibentuk Komite Nominasi dan Remunerasi yang bertugas membantu melaksanakan fungsi dan tugas Dewan Komisaris terkait nominasi dan remunerasi terhadap anggota Direksi dan anggota Dewan Komisaris.

the Indonesian market. On the one side, there would be a lot of opportunities opened widely, but on the other side, the competition would be stronger in many business lines and services.

However, with almost 45 years of experience in Indonesia, the Company is sure to be able to understand and provide products in line with the needs of Indonesian consumers. And the Indonesian consumers can also choose the safe cosmetic products to use.

Meanwhile, for the Company, year 2015 was the second year of the 3-year Middle Range Management Planning, (MID-4) where the Company has determined ”Become the Real Global Company” as the theme in the MID-4. At the end of the period, sales of Rp 3 trillion will become a big target expected to be achieved by the Company. However, this plan has to be postponed until 2017 because in 2016 the Company will focus on the recovery and tidying up from the fire accident, in order to reach the big target in 2017.

To achieve this, the Company will increase its productivity, develop new products, minimize production cost, increase advertising and promotional activities, extend distribution areas both domestic and export, increase the personnel’s skills, as well as the quality and system of production. Year 2016 is expected to become a better year for the national and global economies. The expediting of realization of government’s investments is expected to be able to give positive effects to the national economy which ultimately can promote a better economic growth than in 2015. The Company is optimistic that in 2016 it could record two-digit sales growth and is ready to achieve Rp 3 trillion sales in 2017.

The Implementation of Corporate GovernanceThe company implements corporate governance in its work environment as the basis for managing the Company’s business. In 2015 the Company has carried out some improvements in relation to the implementation of corporate governance that is compliance with the Regulation of Financial Services Authority (POJK) which was issued in 2014 among others concerning General Meeting of Shareholders, Company’s Board of Directors and Board of Commissioners, Corporate Secretary, and Nomination and Remuneration Committee. Adjustments to the Articles of Association have been made, preparations of guidelines and code of ethics of the Board of Directors, Board of Commissioners, Audit Committee, and Nomination and Remuneration Committee have been completed. Regarding the later, a Nomination and Remuneration Committee has been formed with the tasks to assist in performing the function and duties of the Board of Commissioners related to nomination and remuneration for members of the Board of Directors and members of the Board of Commissioners.

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Dalam hal audit, Perseroan menerapkan sistem pengendalian internal yang mengacu pada ketentuan J-SOX (Japan Sarbanes-Oxley) yang tercantum dalam Financial Instrument and Exchange Law. Penerapan sistem ini berlaku bagi seluruh emiten yang tercatat di Bursa Efek Tokyo, termasuk Mandom Corporation, Japan dan anak perusahaannya. Sistem audit menggunakan audit internal dan eksternal sehingga diharapkan sistem pengendalian internal dapat berjalan dengan baik.

Perubahan Komposisi anggota Direksi dan Dewan Komisaris Rapat Umum Pemegang Saham (RUPS) Tahunan tahun 2015 telah menyetujui perubahan susunan anggota Direksi dan Dewan Komisaris yang bertugas sampai dengan ditutupnya RUPS Tahunan tahun 2016 dengan Susunan Direksi dan Dewan Komisaris sebagai berikut:

As regards to audit, the Company has applied an internal control system with reference to the provisions of Japanese Sarbanes-Oxley (J-SOX) as contained in the Financial Instrument and Exchange Law. This system applies to all issuers listed with the Tokyo Stock Exchange, including Mandom Corporation, Japan and its subsidiaries. The audit system uses internal and external audits so as it is expected that the internal control system can run properly.

Changes in the Composition of members of the Board of Directors and Board of Commissioners The Annual General Meeting of Shareholders (AGMS) in 2015 has approved the changes in the composition of members of the Board of Directors and Board of Commissioners who are in charge until the closing of an AGMS in 2016 with the Composition of the Board of Directors and Board of Commissioners as follows:

Direksi / Board of Directors Nama / Name

Presiden Direktur / CEOPresident Director / CEO

Muhammad Makmun Arsyad

Wakil Presiden Direktur Vice President Director

Norikazu Furubayashi


Shinya Nagai

Direktur / Direktur Managing SeniorDirector / Senior Managing Director Herman Saleh

Direktur / Direktur SeniorDirector / Senior Director Chin Choon Keng

Direktur / Direktur SeniorDirector / Senior Director

Masahiro Ueda

DirekturDirector

Tugiyono

DirekturDirector

Sanyata Adi Saputra

DirekturDirector

Tiurma Rondang Sari

DirekturDirector Hideo Yamanaka

DirekturDirector

Effendi Tandi

Direktur IndependenIndependent Director

Liandhajani


Monalisa Octavia

DirekturDirector Masahiro Ozaki

DirekturDirector

Hiroshi Ito









Sehubungan dengan akan berakhirnya masa jabatan seluruh anggota Direksi dan Dewan Komisaris setelah ditutupnya RUPS Tahunan Tahun 2016, Perseroan telah menerima surat rekomendasi pada tanggal 7 Maret 2016 dari Mandom Corporation selaku Pemegang Saham Pengendali Perseroan dengan jumlah saham 122.319.485 saham yang merupakan 60,84% dari saham yang telah dikeluarkan oleh Perseroan, mengenai usulan susunan anggota Direksi dan Dewan Komisaris yang baru dengan masa tugas mulai ditutupnya RUPS Tahunan tahun 2016 sampai ditutupnya RUPS Tahunan tahun 2018.

As the term of office of members of the Board of Directors and Board of Commissioners will end after the closing of an AGMS in 2016, the Company has received a recommendation letter dated 7 March 2016 from Mandom Corporation as the Company’s Controlling Shareholder with a total of 122,319,485 shares which constitutes 60.84% of the shares issued by the Company, concerning a proposed composition of the new members of the Board of Directors and Board of Commissioners with office term starting from the closing of an AGMS in 2016 up to the closing of AGMS in 2018.

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Wakil Presiden Direktur Vice President Director Kuniyuki Ota

Direktur / ChairmanDirector / Chairman Tatsuyoshi Kitamura




Masahiro Ueda

DirekturDirector

Tugiyono

DirekturDirector

Sanyata Adi Saputra

DirekturDirector

Tiurma Rondang Sari

DirekturDirector

Effendi Tandi


Liandhajani


Monalisa Octavia


DirekturDirector

Hiroshi Ito

DirekturDirector Hiro Masuda

Surat rekomendasi ini kemudian ditelaah oleh Komite Nominasi dan Remunerasi dan Dewan Komisaris. Adapun susunan yang akan diusulkan dalam RUPS Tahunan tahun 2016 yang rencananya akan diselenggarakan pada tanggal 21 April 2016 adalah sebagai berikut:

This recommendation letter was then reviewed by the Nomination and Remuneration Committee and the Board of Commissioners. The composition to be proposed at the AGMS in 2016 which is planned to be held on 21 April 2016 is as follows:

Riwayat hidup Direksi dan Dewan Komisaris dapat dilihat pada halaman Profil Direksi dan Dewan Komisaris. Dengan berakhirnya periode masa jabatan, Bapak Shinya Nagai dan Bapak Hideo Yamanaka menyudahi tugasnya sebagai anggota Direksi Perseroan. Atas sumbangsihnya yang telah diberikan oleh Bapak Shinya Nagai dan Bapak Hideo Yamanka baik berupa tenaga maupun pikiran, kami ucapkan terima kasih dan teriring doa untuk kesuksesan di masa depan.

PenutupAtas nama Direksi, perkenankan saya mengucapkan terima kasih kepada seluruh Pemegang Saham, Dewan Komisaris, mitra usaha, dan pelanggan, atas dedikasi dan kepercayaannya. Saya mohon agar dukungan dapat selalu diberikan sehingga kami, manajemen dan karyawan, dapat menjaga tanggung jawab ini dengan baik. Kepada tim manajemen dan seluruh karyawan, mewakili Direksi saya menyampaikan penghargaan atas kerja keras, dedikasi, kerja sama, dan ketulusan yang telah diberikan. Marilah kita sama-sama bangkit dan maju kedepan untuk mencapai masa depan yang lebih baik untuk kita semua.

The curricula vitae of the Board of Directors and Board of Commissioners can be seen on the Profile of the Board of Directors and Board of Commissioners’ pages. With the completion of therm of office, Mr. Shinya Nagai and Mr. Hideo Yamanka will completed their assignment as member of the Company’s Board of Directors. The Company would like to express gratitude for the contribution given by Mr. Sinya Nagai and Mr. Hideo Yamanaka and wish them the best of luck in the future.

ClosingOn behalf of the Board of Directors, let me express my gratitude to all Shareholders, Board of Commissioners, business partners and customers, for your dedication and trust. I hope that you would continue your supports so that we, the management and employees, can maintain our responsibilities well. To the management team and all employees, on behalf of the Board of Directors I would like to express my appreciation for the hard work, dedication, cooperation, and sincerity rendered. Let us rise and move forward together to reach a better future for all of us.

Bekasi, 7 Maret 2016Bekasi, March 7, 2016

Muhammad Makmun ArsyadPresiden Direktur/CEOPresident Director/CEO

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profil perusahaanCompany profile

MISI

“Menghadirkan kehidupan yang lebih menyenangkan, indah, dan sehat.”

NILAI-NILAI

1. Menciptakan gaya hidup yang lebih bernilai, bersama dengan konsumen dan untuk konsumen

Dengan kata kunci “Sehat”, “Bersih”, dan “Nikmat” untuk usaha, kami akan mewujudkan “kebutuhan/keinginan” yang bertolak dari konsumen, dalam bentuk produk/pelayanan yang menarik, menjadikannya sebagai “Nilai” yang akan kembali pada konsumen. Kami berusaha sekuat tenaga untuk menyajikannya kepada sebanyak mungkin konsumen di dunia.

2. Partisipasi aktif dari karyawanDalam iklim Perseroan yang menghargai manusia dan kebebasan/keluhuran sebagaimana tertanam dalam nama perusahaan Mandom, maka kami akan berusaha membentuk komunitas manusia yang kaya kreativitas, sehingga mendukung perkembangan yang berkesinambungan bagi perseorangan maupun organisasi agar dapat meningkatkan nilai Perseroan.

3. Tanggung jawab sosial dan sustainabilityMengusahakan komunikasi dua arah dengan stakeholder, merespon tanggung jawab ekonomi sosial yang dituntutnya dengan lurus hati dan tindakan cepat. Berusaha mempertahankan dan meningkatkan hubungan yang baik berdasarkan kepercayaan satu sama lain sebagai sesama “warga perusahaan yang baik”, berusaha menjalin keharmonisan dan solidaritas dengan masyarakat sebagai bentuk kontribusi bagi kemakmurannya.

MISSION

“Aiming to provide a comfortable lifestyle supported by health and beauty.”

VALUES

1. Creating lifestyle value with consumers, for consumersThe words “beauty”, “health”, “cleanliness”, and “fun” summarize our business. We will do our best to listen to our consumers’ needs and wants and turn them into attractive products and services, and to bring those “values” to as many consumers as possible.

2. Active employee participationThe corporate name “Mandom”, deriving from “Human” and “Freedom”, represents the respect for human dignity and a liberal atmosphere. At the core of the Mandom Group is an environment where employees can freely demonstrate their creativity through open and lively discussions. The continuous growth of both the individuals and the entire organization will enhance our value.

3. Social responsibility and sustainabilityWe will try to establish mutual communication with our stakeholders in order to build and sustain favorable relationships with them. We aim to respond quickly to their demands on our economic and social responsibilities. We will also be “a good corporate citizen” and dedicate ourselves to society’s development.

mission and

values of The Com

pany

misi d

an nilai nilai perseroan

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Business Line:I In accordance with Article 3 of the Company’s Article of Association, Purposes and Objectives and the Company’s Main Business Line are as follows:

1. The purposes and objectives of this Company are to undertake businesses in the following line of business: (a) Industry; and(b) Trade;

2. In order to achieve such purposes and objectives, the Company may perform its main line of business activities and supporting business activities in accordance with any required permits, licenses, or approvals that the Company holds, and obtained from the government competent authorities or agencies as follows: 1) Main business activities:

(a) To establish factories or plants for manufacturing and producing various types of cosmetics, perfumes, toiletries, household cleaning materials/health supplies, plastic packaging, and other items made of plastic;

(b) To undertake both domestic and foreign trades of the products as referred to in Paragraph 2 Number 1) Letter (a) of this Article;

(c) To undertake purchases or procurements, both domestic and foreign, of materials, supporting materials, machinery and production equipments, spare parts and other items required to produce the products as referred to in Paragraph 2 Number 1) Letter (a) of this Article;

2) Supporting business activities: (a) Importation of merchandise

in the form of various types of cosmetic products, toiletries, and household cleaning materials/health supplies;

(b) Distribution of any merchandise or traded goods as referred to in Paragraph 2 Number 2) Letter (a) of this Article; and

(c) Any export of other merchandise or goods that do not violate the provisions of the prevailing laws and regulations.

Corp

orate Data

Data K

orporasi

Nama Perusahaan Company Name

PT MANDOM INDONESIA Tbk

Bidang Usaha:Sesuai Pasal 3 Anggaran Dasar Perseroan, Maksud dan Tujuan serta Kegiatan Usaha Perseroan adalah sebagai berikut:

1. Maksud dan tujuan dari Perseroan ini ialah berusaha dalam bidang usaha pokok sebagai berikut: (a) industri; dan(b) perdagangan;

2. Untuk mencapai maksud dan tujuan tersebut, Perseroan dapat melaksanakan kegiatan usaha utama dan kegiatan usaha penunjang sesuai dengan izin kegiatan usaha yang dimiliki dan yang diperoleh dari instansi yang berwenang sebagai berikut:

(1) kegiatan usaha utama:(a) mendirikan pabrik untuk

memproduksi berbagai rupa produk kosmetika, wangi-wangian, toiletries, bahan p e m b e r s i h / p e r b e k a l a n kesehatan rumah tangga, kemasan plastik dan barang-barang dari plastik lainnya;

(b) bergerak dalam bidang perdagangan dalam negeri maupun luar negeri dari produk-produk sebagaimana dimaksud ayat 2 angka 1) huruf (a) Pasal ini,

(c) bergerak dalam bidang pembelian baik dari dalam negeri maupun dari luar negeri bahan baku, bahan penolong, mesin dan alat produksi, suku cadang serta barang-barang lain yang diperlukan untuk melakukan produksi produk-produk sebagaimana dimaksud ayat 2 angka 1) huruf (a) Pasal ini;

(2) Kegiatan usaha penunjang: (a) impor barang-barang dagangan

berbagai rupa produk kosmetika, wangi-wangian, toiletries, bahan pembersih/perbekalan kesehatan rumah tangga;

(b) distribusi barang-barang dagangan sebagaimana dimaksud ayat 2 angka 2) huruf (a) Pasal ini; dan

(c) ekspor barang-barang dagangan yang lain dengan tidak mengurangi ketentuan peraturan perundang-undangan yang berlalu.

ALAMAT / ADDRESS

Kantor Pusat dan Factory 1Head Office and Factory 1Kawasan Industri MM 2100 Jl. Irian Blok PPBekasi 17520 Telephone : (021) 2980-9500Facsimile : (021) 2980-9501 E-mail : [email protected] : www.mandom.co.id

Factory 2Factory 2Kawasan Industri MM2100Jl. Jawa Blok J-9Bekasi 17520 Telephone : (021) 899-82270 Facsimile : (021) 899-82271

Perwakilan MarketingMarketing Representatives

SurabayaJl. Opak No. 6 Surabaya 60241Telephone : 031-5678789 Facsimile : 031-5684459

BandungJl.Terusan Pasirkoja No. 20Bandung 40241Telepon : 022-6076311 Faksimili : 022-6126885

MedanJl. Putri Hijau, Komp. Graha Niaga No. 20 Blok 7 – 8 C, Medan – Sumatera Utara 20115Telephone : 061-4560660 Facsimile : 061-4558612

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imp

ortant events

peristiwa penting

PIXY Indonesia bekerja sama dengan Tabloid Genie mempersembahkan PIXY Beauty Career Goes To Campus ke beberapa kampus di Indonesia. Acara ini terdiri dari talkshow seputar persiapan menghadapi dunia kerja bersama para praktisi profesional Indonesia, beauty class bersama PIXY, quiz dan games, street makeover, SELFIX Competition, serta berbagai penampilan kreatif dari para mahasiswa.

PIXY in cooperation with GENIE Tabloid conducted PIXY Beauty Career Goes to Campus in several universities in Indonesia. This event consists of talk show on the issue of preparation to enter the world of work presented by professionals, beauty class, quiz and games, street makeover, SELFIX Competition and various creative performances by the students.

piXY Goes to Campus februari – juni 2015

piXy goes to Campusfebruary - June 2015

PT Mandom Indonesia Tbk meresmikan kantor pusat dan pabrik barunya di Kawasan Industri MM 2100, Bekasi. Kantor pusat dan pabrik baru ini dibangun diatas lahan seluas 148.000 m2 dengan luas bangunan dan luas lantai masing-masing sekitar 39.000 m2 dan 57.000 m2.

PT Mandom Indonesia Tbk officially opened its new head office and factory in MM 2100 Industrial Town, Bekasi. The new head office and factory was constructed on the area of 148,000 m2 with building and floor area of 39,000 m2 and 57,000 m2 respectively.

peresmian Kantor dan pabrik baru 12 juni 2015

inauguration of new head office and factoryJune 12, 2015

Pada 10 Juli 2015 musibah kebakaran terjadi di area aerosol pabrik Perseroan. Segenap keluarga besar PT Mandom Indonesia Tbk sangat berduka cita atas terjadinya musibah tersebut. Selepas peristiwa tersebut, Perseroan berfokus pada penanganan karyawan seperti pendampingan karyawan dan keluarga korban, pemberian santunan dan penyeleggaraan do’a bersama dengan seluruh Manajemen dan karyawan. Perseroan juga berusaha sekuat tenaga memperkuat penanganan keselamatan dan kesehatan kerja sebagai prioritas bagi Perseroan.

July, 10 2015, fire accident occurred in aerosol area of the Company’s factory. The entire family of PT Mandom Indonesia Tbk are deeply in mourn following the fire accident. After the accident, the Company concentrated in recovery of the employees through several efforts such as giving support to the employees and family who have been impacted by the accident, providing donation, and held communal prayer with the management and employees of the Company. Besides, the Company made efforts in strengthening the management of occupational health and safety as priority for the Company.

musibah Kebakaran 10 juli 2015

fire accidentJuly 10, 2015

Mandom EDUcaTrip merupakan salah satu program tanggung jawab sosial Perseroan di bidang Pendidikan. Dalam program ini Perseroan mengajak anak-anak untuk melakukan wisata edukasi dimana mereka bisa bermain sekaligus belajar. Di tahun 2015, Mandom EDUcaTrip telah mengajak 163 anak-anak dari Yayasan Pembangunan Masyarakat Sejahtera dan Yayasan Anak Sholeh Al-Hidayah, Bekasi untuk melakukan wisata edukasi ke KidZania Jakarta.

Mandom EDUcaTrip is one of the Company’s social responsibility programs in the field of education. In this program, the Company invited children to experience an educational trip where they could play and learn at the same time. In 2015, Mandom EDUcaTrip has invited 163 children from the Yayasan Pembangunan Masyarakat Sejahtera and Yayasan Anak Sholeh Al-Hidayah, Bekasi to take part in the educational trip to KidZania Jakarta.

mandom eDucaTrip november – Desember 2015

mandom educatripnovember – december 2015

Sebagai upaya mendukung berkembangnya industri barbershop di Indonesia, GATSBY mengadakan Barbers Competition untuk pertama kalinya di Indonesia. Sekitar 40 peserta dari berbagai barbershop di area Jabodetabek turut serta dalam kompetisi ini.

In an effort to support barbershop industry in Indonesia, GATSBY conducted the first Barbers Competition in Indonesia. Approximately 40 participants from Barbershops in the Jabodetabek area joined this barbers competition.

GaTsbY 1st barbers Competition 12 Desember 2015

gatsBy 1st Barbers Competition december 12, 2015

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milestones

jejak Langkah

Juni 2000 Rights Issue I untuk membiayai pembangunan pabrik baru yang memproduksi kemasan plastik di Kawasan Industri MM 2100, Bekasi, Jawa Barat.Rights Issue I to finance the construction of a new plant for manufacturing plastic packaging products in the MM 2100 Industrial Town, Bekasi, West Java.

Januari 2001 Berubah nama menjadi PT Mandom Indonesia Tbk dan diikuti dengan pergantian logo perseroan.Name of the Company changed into PT Mandom Indonesia Tbk with a new logo.

Maret 2001 Meresmikan pabrik baru kemasan plastik di Kawasan Industri MM 2100, Bekasi, Jawa Barat.Inauguration of a new plastic packaging factory in MM 2100 Industrial Town, Bekasi, West Java.

Februari 2006 Rights Issue II untuk membiayai pembangunan pabrik dan pusat logistik di Kawasan Industri MM 2100, Bekasi, Jawa Barat.Rights Issue II to finance construction of a factory and a logistic center in MM 2100 Industrial Town, Bekasi, West Java.

November 1969 Berdiri dengan nama PT Tancho Indonesia Co. Ltd.The Company is incorporated bearing the name PT Tancho Indonesia Co. Ltd.

April 1971 Mulai produksi komersial di pabrik Sunter, Jakarta.The commercial production of the Company’s factory in Sunter, Jakarta started.

Januari 1990 Berubah nama menjadi PT Tancho Indonesia.The name of the Company changed into PT Tancho Indonesia.

September 1993

Mencatatkan seluruh saham di Bursa Efek Jakarta.The Company listed all of its shares on the Jakarta Stock Exchange.

Mei 1995 Meresmikan bangunan baru di Sunter yang digunakan untuk Pabrik Kosmetik dan Kantor Pusat Perseroan.Inauguration of new building in Sunter used as a Cosmetic Factory and the Company’s Head Office.

Mei 1997 Berubah nama menjadi PT Tancho Indonesia Tbk. The name of the Company changed into PT Tancho Indonesia Tbk.

Juni 2013 Memulai pembangunan gedung kantor dan pabrik baru di Kawasan Industri MM 2100, Bekasi, Jawa Barat.Started construction of new office and factory in MM 2100 Industrial Town, Bekasi, West java.

Desember 2013 Menutup periode Rencana Manajemen Jangka Menengah 3-Tahun yang ke-3 (MID-3) dengan pencapaian target penjualan Rp 2 triliun.Complete the period of Third Stage of the 3-Year Middle Range Management Planning (MID-3) by achieving Rp 2 trillion sales target.

Juni 2015

Peresmian Kantor Pusat dan Factory 1 di Kawasan Industri MM 2100, Bekasi, Jawa Barat dan menyelesaikan proses penjualan kantor dan pabrik di Sunter – Jakarta Utara. Inauguration of Head Office and Factory 1 in MM 2100 Industrial Town, Bekasi, West Java and completion of sale of office and factory in Sunter – North Jakarta.

Juli 2015

Peristiwa kebakaran di Pabrik Aerosol Factory 1. Sebanyak 28 karyawan meninggal dunia dan 30 lainnya menjalani perawatan. Fire accident occurred in the Aerosol Area in Factory 1. A total of 28 employees were died and the other 30 undergoing medical treatment.

Maret 2007 Menutup rangkaian peringatan HUT 35 Perseroan dan Meresmikan Pabrik dan Pusat Logistik di Kawasan Industri MM 2100, Bekasi, Jawa BaratComplete the series of activities held in commemorating the Company’s 35th anniversary and official ceremony of Factory and Logistic Center in MM 2100 Industrial Town, Bekasi, West Java.

Desember 2007 Menutup periode Rencana Manajemen Jangka Menengah 3-Tahun yang ke-1 (MID-1) dengan pencapaian target penjualan Rp 1 triliun.Complete the period of First Stage of the 3-Year Middle Range Management Planning (MID-1) by achieving Rp 1 trillion sales target.

Juni 2008 Rights Issue III untuk membiayai pembelian lahan baru di Kawasan Industri MM 2100, Bekasi, Jawa Barat.Rights Issue III to finance the land purchase in MM 2100 Industrial Town, Bekasi, West Java.

Desember 2010 Menutup periode Rencana Manajemen Jangka Menengah 3-Tahun yang ke-2 (MID-2) dengan pencapaian target penjualan Rp 1,5 triliun.Complete the period of Second Stage of the 3-Year Middle Range Management Planning (MID-2) by achieving Rp 1.5 trillion sales target.

November 2012 Memasuki kategori anak-anak sebagai kategori bisnis baru.Entering kids category as a new business category.

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RAPAT UMUM PEMEGANG SAHAMSHAREHOLDERS MEETING

DEWAN KOMISARISBOARD OF COMMISSIONERS

TATSUYA ARICHI MOTONOBU NISHIMURA

LIE HARJONO

KOMISARIS INDEPENDENINDEPENDENT COMMISSIONERS

DR. MARSETIOSASTRA WIDJAJA

Dr. BAMBANG RUDYANTO

RAPAT DIREKSIBOARD OF DIRECTORS MEETING

PRESIDEN DIREKTUR/ CEO PRESIDENT DIRECTOR/ CEO

M.MAKMUN ARSYAD

KOMITE AUDITAUDIT COMMITTEE

Dr. BAMBANG RUDYANTOSASTRA WIDJAJA

Drs. CHAIRUL MAROM Ak, CA, CPA HERI MARTONO, SH

MEETING MANAJEMENMANAGEMENT MEETING

DIREKTUR MANAGING SENIORSENIOR MANAGING DIRECTOR

HERMAN SALEH

WAKIL PRESIDEN DIREKTURVICE PRESIDENT DIRECTOR

SHINYA NAGAI

WAKIL PRESIDEN DIREKTURVICE PRESIDENT DIRECTOR

NORIKAZU FURUBAYASHI

org

anization structurestruktur o

rganisasi

MEETING TOP MANAJEMENTOP MANAGEMENT MEETING

PERSONNEL MANAGEMENT MEETING

DIREKTURDIRECTOR

PRODEV GEN. MALEHIROSHI ITO

DIREKTURDIRECTOR

DOMESTIC SALESMASAHIRO OZAKI

GENERAL MANAGER GENERAL MANAGERPRODEV GEN. MALE

HIROSHI ITOGENERAL MANAGER GENERAL MANAGERDOMESTIC SALES 1

RAZAMAN PURBA

GENERAL MANAGER GENERAL MANAGER

FORMULA DEV.TEIJI IZAWA


PACKAGING DEV.SATOSHI FUKUDA

DIREKTURDIRECTORFACTORY 2

HIDEO YAMANAKA

DIREKTURDIRECTORSALES MGT PLANNING

SHINYA NAGAI

DIREKTURDIRECTOR

PURCHASINGLIANDHAJANI

DIREKTURDIRECTORPRODUCT PLANNING

SHINYA NAGAI

DIREKTURDIRECTOR

QUALITY CONTROLLIANDHAJANI

DIREKTURDIRECTOR

TECHNOLOGYDEVELOPMENT

CENTERNORIKAZU

FUKUBAYASHI


FACTORY 2HIDEO YAMANAKA


SALES MGT PLANNINGYOHANNES KWANTORO


DOMESTIC SALES ADM.SABARDI


PURCHASINGLIANDHAJANI

GENERAL MANAGER GENERAL MANAGERPRODUCT PLANNING

SHINYA NAGAIGENERAL MANAGER GENERAL MANAGER

SALES SUPPORTMASAHIRO OZAKI

GENERAL MANAGER GENERAL MANAGERQUALITY CONTROLNAOKI SASAGAWA

DIREKTURDIRECTORFACTORY 1TUGIYONO

DIREKTURDIRECTOR

PRODEV FEMALETIURMA RONDANG

SARI


FACTORY 1TUGIYONO


PRODEV FEMALETIURMA RONDANG SARI

GENERAL MANAGER GENERAL MANAGERDOMESTIC SALES 2DADANG DJAJADI

KOMITE NOMINASI & REMUNERASINOMINATION & REMUNERATION COMMITTEE

Dr. BAMBANG RUDYANTOTATSUYA ARICHILIE HARJONO

DIREKTURDIRECTOR

FINANCE & ACC.MONALISA OCTAVIA

DIREKTURDIRECTOR

INFORMATION TECH.M. MAKMUN ARSYAD

DIREKTURDIRECTOR

HRDSANYATA AS

DIREKTURDIRECTOR

GAM. MAKMUN ARSYAD

DIREKTURDIRECTORCORP. SEC.

M. MAKMUN ARSYAD

DIREKTURDIRECTOR

MGT. PLANNINGEFFENDI TANDI

DIREKTURDIRECTOR

INTERNAL AUDITEFFENDI TANDI


FINANCEYULIANTI


GAKRIS SUGIYANTO


ACC. & TAXMONALISA OCTAVIA


CORP. SEC.KAZUE K.

GENERAL MANAGER GENERAL MANAGERINFORMATION TECH.

SUGIHARTO


MGT. PLANNINGEFFENDI TANDI


HRDHERDIANTO


INTERNAL AUDITMARTIN MALIK

DIREKTUR SENIOR SENIOR DIRECTOR CHIN CHOON KENG

DIREKTUR SENIOR SENIOR DIRECTOR

ACCOUNTING PROJECTMASAHIRO UEDA

DIREKTURDIRECTOR

INTERNATIONALSALES

CHIN CHOON KENG


INTERNATIONALSALES

DENNY TAN

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Tatsuya ArichiPresiden KomisarisPresident Commissioner

Warga Negara Jepang. Menyelesaikan pendidikan terakhir di Fakultas Business Administration, Konan University, Jepang. Memulai karirnya di Mandom Corporation, Jepang sejak 1987. Berbagai posisi yang telah dijabatnya di Mandom Group antara lain Direktur di Mandom Taiwan Corporation, Presiden Direktur di Mandom Corp. (Singapore) Pte. Ltd., Presiden Direktur di Mandom China Corporation, dan saat ini menjabat sebagai Managing Executive Officer di Mandom Corporation, Jepang. Dasar hukum penunjukan sebagai Presiden Komisaris adalah keputusan Rapat Umum Pemegang Saham tahun 2014, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 17 tanggal 24 April 2014. Beliau memiliki hubungan afiliasi dengan Pemegang Saham Pengendali dan Utama Perseroan yaitu Mandom Corporation.

A Japanese Citizen. Has completed his latest education at Faculty of Business Administration, Konan University, Japan. He started his career in Mandom Corporation, Japan since 1987. Previous senior posts in Mandom Group include Director in Mandom Taiwan Corporation, President Director in Mandom Corp. (Singapore) Pte. Ltd., President Director in Mandom China Corporation, and currently serves as Managing Executive Officer in Mandom Corporation, Japan. The legal basis of his appointment as President Commissioner is the resolution of Annual General Meeting of Shareholders (AGMS) 2014 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 17 dated April 24, 2014. He has affiliation with the Company’s Controlling and Major Shareholder namely Mandom Corporation.

Motonobu NishimuraKomisarisCommissioner

Warga Negara Jepang. Menempuh pendidikan terakhir di Meiji Gakuin University, Jepang. Saat ini beliau menjabat sebagai President Executive Officer Mandom Corporation, Jepang. Dasar hukum penunjukan sebagai Komisaris adalah keputusan Rapat Umum Pemegang Saham tahun 2000, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 27 tanggal 9 Mei 2000. Beliau memiliki hubungan afiliasi dengan Pemegang Saham Pengendali dan Utama Perseroan yaitu Mandom Corporation.

A Japanese Citizen. Has undergone his latest education at Meiji Gakuin University, Japan. He currently serves as President Executive Officer of Mandom Corporation, Japan. The legal basis of his appointment as Commissioner is the resolution of Annual General Meeting of Shareholders (AGMS) 2000 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 27 dated May 9, 2000. He has affiliation with the Company’s Controlling and Major Shareholder namely Mandom Corporation.

Lie HarjonoKomisarisCommissioner

Warga Negara Indonesia. Menempuh pendidikan terakhir di Woodbury University, USA. Saat ini menjabat sebagai Presiden Direktur PT Asia Paramita Indah. Dasar hukum penunjukan sebagai Komisaris adalah keputusan Rapat Umum Pemegang Saham tahun 2001, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 6 tanggal 9 Mei 2001. Beliau memiliki hubungan afiliasi dengan salah satu Pemegang SahamPerseroan yaitu PT Asia Paramita Indah.

An Indonesian Citizen. Has completed his studies at Woodbury University, USA. Currently serves as President Director in PT Asia Paramita Indah. The legal basis of his appointment as Commissioner is the resolution of Annual General Meeting of Shareholders (AGMS) 2001 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 6 dated May 9,, 2001. He has affiliation with the Company’s Shareholder namely PT Asia Paramita Indah.

profile of The board

of Com

issionerprofil D

ewan K

omisaris

DR. Marsetio Komisaris Independen Independent Commissioner

Warga Negara Indonesia. Menyelesaikan pendidikan terakhirnya di Program Doktor Sekolah Pascasarjana Universitas Gadjah Mada pada tahun 2012. Sebelumnya telah menyelesaikan pendidikan Militer di Asia Pacific Strategy Studies, Amerika Serikat tahun 2007. Beberapa posisi senior di bidang militer yang pernah dijabatnya antara lain, sebagai Panglima Komando Armada RI Kawasan Barat, Wakil Kepala Hingga Kepala Staf Angkatan Laut. Saat ini beliau juga menjabat sebagai Senior Advisor to Coordinating Minister for Maritime Affairs of the Republic of Indonesia, Senior Advisor to Minister of Tourism of the Republic of Indonesia, Chairman Of the Public Policy Committee of the Ministry of Transportation of the Republic of Indonesia, dan Indonesian Minister of Transportation’s Special Envoy for International Maritime Organization (IMO). Dasar hukum penunjukan sebagai Komisaris adalah keputusan Rapat Umum Pemegang Saham tahun 2015, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 25 tanggal 23 April 2015. Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun Direksi lainnya dan Pemegang Saham Perseroan.

An Indonesian Citizen. Has completed his Doctoral Program at Gadjah Mada University in 2012. Previously, had undergone Military studies at Asia Pacific Strategy Studies, USA in 2007. Previous senior posts in Military include Fleet Commander for West Region of Republic of Indonesia, Deputy to Chief of the Indonesian Navy. He is currently serving as Senior Advisor to Coordinating Minister for Maritime Affairs of the Republic of Indonesia, Senior Advisor to Minister of Tourism of the Republic of Indonesia, Chairman Of the Public Policy Committee of the Ministry of Transportation of the Republic of Indonesia, dan Indonesian Minister of Transportation’s Special Envoy for International Maritime Organization (IMO). The legal basis of his appointment as Commissioner is the resolution of Annual General Meeting of Shareholders (AGMS) 2015 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 25 dated April 23, 2015. He has no affiliations with the members of the Board of Commissioners or the Board of Directors, nor with the Shareholders of the Company.

Sastra Widjaja Komisaris IndependenIndependent Commissioner

Warga Negara Indonesia. Menempuh pendidikan terakhir di Institute Business Management Jayakarta, Jakarta. Mulai bergabung di Perseroan pada tahun 1971 di Bagian Marketing, setelah itu diangkat menjadi Direktur pada RUPS tahun 1994. Menjabat sebagai Direktur Senior Tidak Terafiliasi pada tahun 2004 sampai dengan tahun 2006. Kemudian sebagai Wakil Presiden Direktur Tidak Terafiliasi pada tahun 2006 hingga 2014. Dasar hukum penunjukan sebagai Komisaris adalah keputusan Rapat Umum Pemegang Saham tahun 2015, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 25 tanggal 23 April 2015. Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun Direksi lainnya dan Pemegang Saham Perseroan.

An Indonesian Citizen. Has undergone his latest education at Jayakarta Institute of Business Management, Jakarta. Joined the Company in 1971 in Marketing Division, then appointed as Director by AGMS 1994. Afterward he served as Senior Director Not Affiliated from 2004 to 2006. Then appointed as Vice President Director Not Affiliated in 2006 to 2014. The legal basis of his appointment as Commissioner is the resolution of Annual General Meeting of Shareholders (AGMS) 2015 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 25 dated April 23, 2015. He has no affiliations with the members of the Board of Commissioners or the Board of Directors, nor with the Shareholders of the Company.

Dr. Bambang RudyantoKomisaris IndependenIndependent Commissioner

Warga Negara Indonesia . Meraih gelar PhD in Advance Science and Technology dari Tokyo University. Saat ini beliau masih aktif menjabat sebagai Advisor untuk Kementrian Perindustrian Republik Indonesia, Kedutaan Besar Indonesia di Jepang, IHI Envro & Pacific Consultants Co., Ltd. Selain aktif sebagai advisor untuk berbagai lembaga dan Perusahaan, beliau juga menjabat sebagai Profesor di Wako University, Jepang. Dasar hukum penunjukan sebagai Komisaris adalah keputusan Rapat Umum Pemegang Saham tahun 2015, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 25 tanggal 23 April 2015. Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun Direksi lainnya dan Pemegang Saham Perseroan.

An Indonesian Citizen. Holds a PhD in Advance Science and Technology from Tokyo University. Currently he served as Advisor for Industrial Ministry of Indonesia, Embassy of Indonesia in Japan, IHI Enviro & Pacific Consultants Co., Ltd. Besides active as advisor for Institutions and Corporations, he also serves as Professor at Wako University, Japan. The legal basis of his appointment as Commissioner is the resolution of Annual General Meeting of Shareholders (AGMS) 2015 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 25 dated April 23, 2015. He has no affiliations with the members of the Board of Commissioners or the Board of Directors, nor with the Shareholders of the Company.

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Muhammad Makmun ArsyadPresiden Direktur/ CEOPresident Director/ CEO

Bertugas: Koordinator seluruh kegiatan operasional Perusahaan dan Kepala Unit ResourceServed as: Coordinator of overall operational activities of the Company and Head of Resources Unit

Warga Negara Indonesia. Menempuh pendidikan terakhirnya di Universitas Wiraswasta Indonesia, Jakarta. Mulai bergabung dengan Perseroan sejak tahun 1986 di Bagian Pembukuan. Di tahun 2006 hingga 2011 beliau ditunjuk sebagai Direktur Tidak Terafiliasi, kemudian di tahun 2011 hingga 2015 beliau menjabat sebagai Direktur Managing Senior – Independen. Dasar hukum penunjukan sebagai Presiden Direktur/CEO adalah keputusan Rapat Umum Pemegang Saham tahun 2015, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 25 tanggal 23 April 2015. Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun Direksi lainnya dan Pemegang Saham Perseroan.

An Indonesian Citizen. Has completed his latest education at Universitas Wiraswasta Indonesia, Jakarta. Joined the Company since 1986 in Bookkeeping Department. In 2006 to 2011 he was appointed as Director Not Affiliated, then in 2011 to 2015 he was appointed as Senior Managing Director – Independent. The legal basis of his appointment as President Director/CEO is the resolution of Annual General Meeting of Shareholders (AGMS) 2015 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 25 dated April 23, 2015. He has no affiliations with the members of the Board of Commissioners or the Board of Directors, nor with the Shareholders of the Company.

Norikazu FurubayashiWakil Presiden DirekturVice President Director

Bertugas: Kepala Unit ProduksiServed as: Head of Production Unit

Warga Negara Jepang. Menempuh pendidikan terakhirnya di Kogakuin University, Jepang. Beliau memulai karir pertamanya di Naris Cosmetics Co., Ltd. di bagian Central Research Laboratory dan kemudian ditugaskan sebagai kepala bagian di berbagai departemen seperti Product Control Department, Overseas Business Department hingga Distribution Department. Pada tahun 1999 beliau mulai bergabung dengan Mandom Corporation, Jepang, sebagai Kepala Divisi Packaging Development. Tahun 2014 beliau ditugaskan di Perseroan sebagai Direktur Senior. Dasar hukum penunjukan sebagai Wakil Presiden Direktur adalah keputusan Rapat Umum Pemegang Saham tahun 2015, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 25 tanggal 23 April 2015. Beliau memiliki hubungan afiliasi dengan Pemegang Saham Pengendali dan Utama Perseroan yaitu Mandom Corporation.

A Japanese Citizen. Has undergone his latest education at Kogakuin University, Japan. He started his first career in Naris Cosmetics Co., Ltd. in Central Research Laboratory, then afterward appointed as Department Head in Product Control Department, Overseas Business Department, and Distribution Department. Then, in 1999 he joined Mandom Corporation, Japan as a Division Head for Packaging Development Division. In 2014 he was posted to the Company as Senior Director. The legal basis of his appointment as Vice President Director is the resolution of Annual General Meeting of Shareholders (AGMS) 2015 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 25 dated April 23, 2015. He has affiliation with the Company’s Controlling and Major Shareholder namely Mandom Corporation.

Shinya NagaiWakil Presiden DirekturVice President Director

Bertugas: Kepala Unit MarketingServed as: Head of Marketing Unit

Warga Negara Jepang. Menempuh pendidikan terakhir di Kwansei Gakuin University, Jepang. Memulai karir pertamanya di Sunstar Inc. di bagian Marketing pada tahun 1983, kemudian mulai bergabung dengan Mandom Corporation, Jepang pada tahun 2004 di Departemen Product Planning. Beberapa posisi yang pernah dijabatnya di Mandom Corporation, Jepang antara lain, sebagai Kepala Departemen Product Planning, Marketing, Advertising & Promotion, hingga menjadi Kepala Departemen International Business Operations. Pada tahun 2014 beliau ditugaskan di Perseroan sebagai Direktur Senior. Dasar hukum penunjukan sebagai Wakil Presiden Direktur adalah keputusan Rapat Umum Pemegang Saham tahun 2015, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 25 tanggal 23 April 2015. Beliau memiliki hubungan afiliasi dengan Pemegang Saham Pengendali dan Utama Perseroan yaitu Mandom Corporation.

A Japanese Citizen. Has completed his latest education at Kwansei Gakuin University, Japan. Started his first career in Marketing Department Sunstar Inc in 1983, then in 2004 he joined Mandom Corporation, Japan in Product Planning Department. Previous posts in Mandom Corporation, Japan include Head of Product Planning Department, Marketing Department, Advertising & Promotion Department, and Head of International Business Operations Department. In 2014 he was posted to the Company as Senior Director. The legal basis of his appointment as Vice President Director is the resolution of Annual General Meeting of Shareholders (AGMS) 2015 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 25 dated April 23, 2015. He has affiliation with the Company’s Controlling and Major Shareholder namely Mandom Corporation.


of Directors

profil Direksi

Herman SalehDirektur Managing SeniorSenior Managing Director

Bertugas: Kepala Unit Domestic SalesServed as: Head of Domestic Sales Unit

Warga Negara Indonesia. Menempuh pendidikan terakhirnya di Universitas Terbuka, Jakarta. Beliau memulai karirnya di Perseroan sejak tahun 1993 sebagai Pimpinan Marketing Representative Surabaya. Di tahun 2006 beliau ditunjuk sebagai Direktur Tidak Terafiliasi Perseroan. Dasar hukum penunjukan sebagai Direktur Managing Senior adalah keputusan Rapat Umum Pemegang Saham tahun 2015, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 25 tanggal 23 April 2015. Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun Direksi lainnya dan Pemegang Saham Perseroan.

An Indonesian Citizen. Has undergone his latest education at Universitas Terbuka, Jakarta. Joined the Company since 1993 as Chief of Marketing Representative Surabaya. In 2006 he was appointed as Director Not Affiliated of the Company. The legal basis of his appointment as Senior Managing Director is the resolution of Annual General Meeting of Shareholders (AGMS) 2015 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 25 dated April 23, 2015. He has no affiliations with the members of the Board of Commissioners or the Board of Directors, nor with the Shareholders of the Company.

Chin Choon KengDirektur SeniorSenior Director

Bertugas: Kepala Unit International SalesServed as: Head of International Sales Unit

Warga Negara Malaysia. Menempuh pendidikan terakhir di Curtin University of Technology, Australia. Bergabung dengan Mandom (Malaysia) Sdn. Bhd. sejak tahun 1997 sebagai Group Product Manager. Beberapa posisi senior yang telah dijabatnya antara lain sebagai Director, Executive Director, Senior Director hingga President Director di Mandom (Malaysia) Sdn. Bhd. Dasar hukum penunjukan sebagai Direktur Senior adalah keputusan Rapat Umum Pemegang Saham tahun 2015, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 25 tanggal 23 April 2015. Beliau memiliki hubungan afiliasi dengan Pemegang Saham Pengendali dan Utama Perseroan yaitu Mandom Corporation.

A Malaysian Citizen. Has undergone his latest studies at Curtin University of Technology, Australia. He started his career in Mandom (Malaysia) Sdn. Bhd. since 1997 as Group Product Manager. Previous several senior posts in Mandom (Malaysia) Sdn. Bhd. include as Director, Executive Director, Senior Director to President Director. The legal basis of his appointment as Senior Director is the resolution of Annual General Meeting of Shareholders (AGMS) 2015 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 25 dated April 23, 2015. He has affiliation with the Company’s Controlling and Major Shareholder namely Mandom Corporation.

Masahiro UedaDirektur Senior Senior Director

Bertugas: Kepala Accounting ProjectServed as: Head of Accounting Project

Warga Negara Jepang. Menyelesaikan pendidikan terakhirnya di Faculty of Economics, Hokkaido University. Bergabung dengan Mandom Corporation pada tahun 2014. Sebelumnya beliau bekerja di Sony Corporation sejak tahun 1983 hingga 2014. Dasar hukum penunjukan sebagai Direktur Senior adalah keputusan Rapat Umum Pemegang Saham tahun 2015, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 25 tanggal 23 April 2015. Beliau memiliki hubungan afiliasi dengan Pemegang Saham Pengendali dan Utama Perseroan yaitu Mandom Corporation.

A Japanese Citizen. Has undergone his latest studies at Faculty of Economics, Hokkaido University. Joined Mandom Corporation in 2014. Previously, he worked in Sony Corporation since 1983 to 2014. The legal basis of his appointment as Senior Director is the resolution of Annual General Meeting of Shareholders (AGMS) 2015 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 25 dated April 23, 2015. He has affiliation with the Company’s Controlling and Major Shareholder namely Mandom Corporation.

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TugiyonoDirekturDirector

Bertugas: Factory 1Served in: Factory 1

Warga Negara Indonesia. Menyelesaikan pendidikan terakhirnya di Universitas Wiraswasta, Jakarta. Bergabung dengan Perseroan sejak tahun 1979 di Bagian Tissue. Dasar hukum penunjukan sebagai Direktur adalah keputusan Rapat Umum Pemegang Saham tahun 2006, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 30 tanggal 25 April 2006. Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun Direksi lainnya dan Pemegang Saham Perseroan.

An Indonesian Citizen. Has completed his latest education at Universitas Wiraswasta, Jakarta. Joined the Company since 1979 in Tissue Department. The legal basis of his appointment as Director is the resolution of Annual General Meeting of Shareholders (AGMS) 2006 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 30 dated April 20, 2006. He has no affiliations with the members of the Board of Commissioners or the Board of Directors, nor with the Shareholders of the Company.

Sanyata Adi SaputraDirekturDirector

Bertugas: Human Resources DevelopmentServed in: Human Resources Development

Warga Negara Indonesia. Menyelesaikan pendidikan terakhirnya di Program Pascasarjana Universitas Satyagama, Jakarta pada tahun 2008. Bergabung dengan Perseroan pada tahun 1990 di bagian HRD, kemudian pada tahun 2010 hingga tahun 2011 menjabat sebagai Kepala Departemen HRD &GA. Dasar hukum penunjukan sebagai Direktur adalah keputusan Rapat Umum Pemegang Saham tahun 2011, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 9 tanggal 20 April 2011. Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun Direksi lainnya dan Pemegang Saham Perseroan.

An Indonesian Citizen. Has completed his latest studies at Postgraduate Program in Satyagama University, Jakarta in 2008. Started his career in the Company since 1990 in HRD Department, then in 2010 to 2011 served as Department Head of HRD & GA Department. The legal basis of his appointment as Director is the resolution of Annual General Meeting of Shareholders (AGMS) 2011 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 9 dated April 20, 2011. He has no affiliations with the members of the Board of Commissioners or the Board of Directors, nor with the Shareholders of the Company.

Tiurma Rondang SariDirekturDirector

Bertugas: Product Development FemaleServed in: Product Development Female

Warga Negara Indonesia. Menyelesaikan pendidikan terakhirnya di Program Pascasarjana Universitas Gadjah Mada, Yogyakarta. Bergabung dengan Perseroan pada tahun 2002 sebagai Manager Product Development, kemudian pada tahun 2010 hingga 2011 menjabat sebagai Kepala Departemen Product Development. Dasar hukum penunjukan sebagai Direktur adalah keputusan Rapat Umum Pemegang Saham tahun 2011, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 9 tanggal 20 April 2011. Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun Direksi lainnya dan Pemegang Saham Perseroan.

An Indonesian Citizen. Has undergone her latest education at Postgraduate Program in Gadjah Mada University, Yogyakarta. Joined the Company in 2002 as Product Development Manager, then in 2010 to 2011 appointed as Department Head of Product Development Department. The legal basis of her appointment as Director is the resolution of Annual General Meeting of Shareholders (AGMS) 2011 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 9 dated April 20, 2011. She has no affiliations with the members of the Board of Commissioners or the Board of Directors, nor with the Shareholders of the Company.


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Hideo YamanakaDirekturDirector

Bertugas: Factory 2Served in: Factory 2

Warga Negara Jepang. Menyelesaikan pendidikan terakhirnya di Osaka Institute of Technology, Jepang. Mulai bergabung dengan Perseroan pada tahun 2001 sebagai Manager Produksi, kemudian ditugaskan kembali ke Mandom Corporation, Jepang sebagai Kepala Divisi Administrasi Departemen Internasional pada tahun 2006, dan kembali ditugaskan di Perseroan pada tahun 2012 sebagai Kepala Departemen Produksi. Dasar hukum penunjukan sebagai Direktur adalah keputusan Rapat Umum Pemegang Saham tahun 2012, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 11 tanggal 24 April 2012. Beliau memiliki hubungan afiliasi dengan Pemegang Saham Pengendali dan Utama Perseroan yaitu Mandom Corporation.

A Japanese Citizen. Has completed his latest education at Osaka Institute of Technology, Japan. Assigned in the Company in 2001 as Production Manager, then transferred back to Mandom Corporation, Japan as Division Head of International Administration Department, then re-appointed to the Company in 2012 as Department Head of Production Department. The legal basis of his appointment as Director is the resolution of Annual General Meeting of Shareholders (AGMS) 2012 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 24 dated April 24, 2012. He has affiliation with the Company’s Controlling and Major Shareholder namely Mandom Corporation.

Effendi TandiDirekturDirector

Bertugas: Management Planning & Internal AuditServed in: Management Planning & Internal Audit

Warga Negara Indonesia. Mendapatkan gelar Master of System Information Science dari Tohoku University, Jepang. Beliau memulai karirnya di Mandom Corporation, Jepang sejak tahun 1997 di Departemen Management Planning. Beberapa posisi yang pernah dijabatnya di Mandom Group antara lain, sebagai Kepala Departemen Administrasi & Marketing di Mandom Korea Corporation, Direktur hingga Wakil Presiden Direktur di Zhongshan City Rida Cosmetics Co, Ltd. Dasar hukum penunjukan sebagai Direktur adalah keputusan Rapat Umum Pemegang Saham tahun 2014, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 17 tanggal 24 April 2014. Beliau memiliki hubungan afiliasi dengan Pemegang Saham Pengendali dan Utama Perseroan yaitu Mandom Corporation.

An Indonesian Citizen. He obtained his Master of System Information Science from Tohoku University, Japan. He started his career in Mandom Corporation, Japan since 1997 in Management Planning Department. Previous posts in Mandom Group include Department Head of Administration & Marketing Department in Mandom Korea Corporation, Director and Vice President Director in Zhongshan City Rida Cosmetics Co, Ltd. The legal basis of his appointment as Director is the resolution of Annual General Meeting of Shareholders (AGMS) 2014 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 17 dated April 24, 2014. He has affiliation with the Company’s Controlling and Major Shareholder namely Mandom Corporation.

LiandhajaniDirektur - IndependenDirector - Independent

Bertugas: Purchasing & Quality ControlServed in: Purchasing & Quality Control

Warga Negara Indonesia. Menempuh pendidikan terakhirnya di Program Doktor Farmasi di Institut Teknologi Bandung (ITB) pada tahun 2013. Beliau memulai karirnya di Perseroan pada tahun 2001 sebagai Manajer Laboratorium, kemudian menjadi Manajer Departemen Quality Control pada tahun 2003, dan menjadi Kepala Departemen pada tahun 2010. Dasar hukum penunjukan sebagai Direktur adalah keputusan Rapat Umum Pemegang Saham tahun 2014, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 17 tanggal 24 April 2014. Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun Direksi lainnya dan Pemegang Saham Perseroan.

An Indonesian Citizen. She earned her Doctor of Pharmacy from Bandung Institute of Technology (ITB) in 2013. She started her career in the Company in 2001 as Laboratory Manager, then appointed as Manager in Quality Control Department in 2003, and become Department Head in 2010. The legal basis of her appointment as Director is the resolution of Annual General Meeting of Shareholders (AGMS) 2014 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 17 dated April 24, 2014. She has no affiliations with the members of the Board of Commissioners or the Board of Directors, nor with the Shareholders of the Company.

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Monalisa OctaviaDirektur - IndependenDirector - Independent

Bertugas: Finance, Accounting & TaxServed in: Finance, Accounting & Tax

Warga Negara Indonesia. Menyelesaikan pendidikan terakhirnya di Program Magister Akuntansi Universitas Indonesia pada tahun 2005. Beliau memulai karirnya di Perseroan pada tahun 2002 sebagai staff Accounting, kemudian menjadi Assistant Manager pada tahun 2003, dan pada tahun 2010 beliau diangkat menjadi Kepala Departemen Accounting & Pajak. Dasar hukum penunjukan sebagai Direktur adalah keputusan Rapat Umum Pemegang Saham tahun 2014, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 17 tanggal 24 April 2014. Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun Direksi lainnya dan Pemegang Saham Perseroan.

An Indonesian Citizen. Has completed her Master of Accounting in University of Indonesia in 2005. She started her career in the Company as Accounting Staff in 2002, then appointed as Assistant Manager in 2003, and in 2010 she was appointed as Department Head of Accounting & Tax Department. The legal basis of her appointment as Director is the resolution of Annual General Meeting of Shareholders (AGMS) 2014 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 17 dated April 24, 2014. She has no affiliations with the members of the Board of Commissioners or the Board of Directors, nor with the Shareholders of the Company.

Masahiro OzakiDirekturDirector

Bertugas: Domestic SalesServed in: Domestic Sales

Warga Negara Jepang. Menyelesaikan pendidikan terakhirnya di Kwansei Gakuin University, Jepang. Memulai karir pertamanya di Mandom Corporation, Jepang sebagai staff di Sales Office, Nagoya tahun 1995, kemudian menjadi Kepala Divisi dan Kepala Departemen Marketing Planning masing-masing pada tahun 2010 dan 2013. Dasar hukum penunjukan sebagai Direktur adalah keputusan Rapat Umum Pemegang Saham tahun 2014, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 17 tanggal 24 April 2014. Beliau memiliki hubungan afiliasi dengan Pemegang Saham Pengendali dan Utama Perseroan yaitu Mandom Corporation.

A Japanese Citizen. Has undergone his latest education in Kwansei Gakuin University, Japan. He started his career in Mandom Corporation, Japan as Staff in Sales Office Nagoya in 1995, then appointed as Division Head and Department Head of Marketing Planning Department in 2010 and 2013 respectively. The legal basis of his appointment as Director is the resolution of Annual General Meeting of Shareholders (AGMS) 2014 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 17 dated April 24, 2014. He has affiliation with the Company’s Controlling and Major Shareholder namely Mandom Corporation.

Hiroshi ItoDirekturDirector

Bertugas: Product Development General MaleServed in: Product Development General Male

Warga Negara Jepang. Menempuh pendidikan terakhir di Osaka University of Economics, Jepang. Bergabung dengan Mandom Corporation, Jepang pada tahun 1991. Setelah itu diangkat sebagai Manager di Departemen R&D pada tahun 2009. Kemudian ditugaskan di Perseroan sebagai Departement Head di Departmen Product Development. Dasar hukum penunjukan sebagai Direktur adalah keputusan Rapat Umum Pemegang Saham tahun 2015, sebagaimana dicantumkan dalam Akta Berita Acara Rapat Umum Pemegang Saham Tahunan Nomor 25 tanggal 23 April 2015. Beliau memiliki hubungan afiliasi dengan Pemegang Saham Pengendali dan Utama Perseroan yaitu Mandom Corporation.

A Japanese Citizen. Has completed his latest education at Osaka University of Economics, Japan. He started his career in Mandom Corporation, Japan since 1991. Afterward appointed as Manager in R&D Department in 2009. Then posted in the Company as Department Head of Product Development Department. The legal basis of his appointment as Director is the resolution of Annual General Meeting of Shareholders (AGMS) 2015 as stated in the Deed of Minutes of Annual General Meeting of Shareholders Number 25 dated April 23, 2015. He has affiliation with the Company’s Controlling and Major Shareholder namely Mandom Corporation.


of Directors

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Tatsuyoshi KitamuraDirektur / Chairman (Calon)Director / Chairman (Nominated)

Warga Negara Jepang. Menempuh pendidikan terakhir di Nihon University. Bergabung dengan Mandom Corporation, Jepang pada tahun 1978. Pada tahun 1984 ditugaskan di Perseroan (saat itu PT Tancho Indonesia) sebagai Manager sampai tahun 1990. Kemudian kembali ke Jepang dan menduduki beberapa jabatan manajerial sebelum ditugaskan kembali di Perseroan pada tahun 2008 sebagai Presiden Direktur/CEO sampai tahun 2010. Saat ini menjabat sebagai Director/Managing Executive Officer di Mandom Corporation, Jepang. Pada RUPS Tahunan tahun 2016 beliau diusulkan untuk diangkat sebagai Direktur/Chairman Perseroan. Beliau memiliki hubungan afiliasi dengan Pemegang Saham Pengendali dan Utama Perseroan yaitu Mandom Corporation.

A Japanese Citizen. Has completed his latest education at Nihon University. He started his career in Mandom Corporation, Japan since 1978. Then in 1984 he was appointed to the Company (was PT Tancho Indonesia) as Manager until 1990. Afterwards moved back to Japan and assigned in several managerial positions prior to appointed again to the Company in 2008 as President Director/CEO until 2010. He is currently the Director/Managing Executive Officer of Mandom Corporation, Japan. In the AGMS 2016, he will be nominated as Director/Chairman of the Company. He has affiliation with the Company’s Controlling and Major Shareholder namely Mandom Corporation.

Kuniyuki OtaWakil Presiden Direktur (Calon)Vice President Director (Nominated)

Warga Negara Jepang. Menempuh pendidikan terakhir di Hosei University. Bergabung dengan Mandom Corporation, Jepang pada tahun 1990. Pada tahun 2007 ditugaskan sebagai General Manager di Mandom Malaysia Sdn. Bhd. dan menjabat sebagai Vice President Director sebelum kembali ke Jepang di tahun 2014. Saat ini menjabat sebagai General Manager di Mandom Corporation, Jepang. Pada RUPS Tahunan tahun 2016 beliau diusulkan untuk diangkat sebagai Wakil Presiden Direktur Perseroan. Beliau memiliki hubungan afiliasi dengan Pemegang Saham Pengendali dan Utama Perseroan yaitu Mandom Corporation.

A Japanese Citizen. Has completed his latest education at Hosei University. He started his career in Mandom Corporation, Japan since 1990. Then in 2007 he was appointed as General Manager in Mandom Malaysia Sdn. Bhd. and lastly was appointed as Vice President Director before moving back to Japan in 2014. He is currently assigned as General Manager in Mandom Corporation, Japan. In the AGMS 2016, he will be nominated as Vice President Director of the Company. He has affiliation with the Company’s Controlling and Major Shareholder namely Mandom Corporation.

Hiroo MasudaDirektur (Calon)Director (Nominated)

Warga Negara Jepang. Menempuh pendidikan terakhir di Kansai University. Bergabung dengan Mandom Corporation, Jepang pada tahun 1982. Pada tahun 1984 ditempatkan di Pabrik Fukusaki dan tahun 1996 ditugaskan sebagai Manager di Central Research Laboratory. Kemudian di tahun 1999 kembali ditugaskan di Pabrik Fukusaki sebagai Deputy General Manager. Saat ini menjabat sebagai General Manager di Pabrik Fukusaki. Pada RUPS Tahunan tahun 2016 beliau diusulkan untuk diangkat sebagai Direktur Perseroan. Beliau memiliki hubungan afiliasi dengan Pemegang Saham Pengendali dan Utama Perseroan yaitu Mandom Corporation.

A Japanese Citizen. Has completed his latest education at Kansai University. He started his career in Mandom Corporation, Japan since 1982. Then in 1984 he was assigned to Fukusaki Factory and in 1996 appointed as Manager in Central Research Laboratory. Afterwards, in 1999 he was re-assigned to Fukusaki Factory as Deputy General Manager. He is currently assigned as General Manager in Fukusaki Factory. In the AGMS 2016, he will be nominated as Director of the Company. He has affiliation with the Company’s Controlling and Major Shareholder

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anusia

The year 2015 marked several highlights that will be recorded in the Company’s history such as the relocation from the office and factory occupied since 1969 to MM 2100 Industrial Town, Bekasi as well as the fire accident which took place in July 2015. These highlights had encouraged the Company to conduct improvement and enhancement activities in more intensive manner as an anticipation effort for the future.The office relocation had indeed gave impact to the employees. Therefore, HRD Department conducted several surveys to the employees in order to gain insights and opinion that could be implemented in the new office and factory. Until now, some inputs from the employee had been gradually implemented with the addition of several facilities as an added value in the new office and factory. Thus employee’s comfort can be improved.In terms of competency development, through trainings and job rotation program, the Company consistently provide broad opportunities to all employees to be able to expand their skill and knowledge. Through the implementation of both programs, the employees’ skill and knowledge can be enhanced.In the Production Department, trainings on the subject of motivation is continuously conducted to maintain the work performance and motivation. The Company also paid attention on the Certification on Occupational Health and Safety (K3) in several fields which were acquired by several employees so that in the year 2015 the Company already had a group of employees who will contribute more on the said field. Competency development were also organized for member of Board of Directos, among others were the training on Halal Assurance System and also participation in trainings held by the ASEAN Cosmetics Committee.Regarding compliance to regulations, HRD Department facilitates several socialization program for employees, among others were socialization on the Pension Assurance Program organized by Social Security Provider (BPJS) and Worldwide Responsible Accredited Production (WRAP). The socialization was conducted thoroughly so that employees in all level could obtain equal knowledge regarding the policies informed.

Banyak peristiwa besar yang akan tercatat dalam sejarah Perseroan pada tahun 2015, seperti perpindahan dari kantor dan pabrik yang ditempati sejak 1969 menuju Kawasan Industri MM 2100, Bekasi serta musibah kebakaran yang terjadi di bulan Juli 2015. Peristiwa-peristiwa tersebut tentunya membuat Perseroan semakin melakukan perbaikan dan peningkatan di berbagai bidang untuk antisipasi di masa depan.Perpindahan lokasi kantor tentunya memberikan dampak bagi karyawan. Untuk itu, Departemen HRD melakukan beberapa survey kepada karyawan untuk mendapatkan masukan yang dapat diterapkan di lokasi kerja baru. Hingga saat ini, perlahan-lahan masukan dari karyawan mulai terealisasi dengan penambahan beberapa fasilitas kantor sebagai nilai tambah di lokasi kerja baru, sehingga kenyamanan karyawan dapat meningkat.Dalam rangka pengembangan kompetensi, melalui pelatihan dan rotasi pekerjaan, Perseroan secara konsisten memberikan kesempatan seluas-luasnya bagi seluruh karyawan untuk terus mengembangkan pengetahuan dan kemampuannya. Melalui implementasi kedua program ini, pengetahuan dan kemampuan karyawan di semua lini dapat semakin ditingkatkan.Di Departemen Produksi, pelatihan mengenai motivasi terus dilakukan untuk menjaga performa dan semangat dalam bekerja. Sertifikasi Ahli Kesehatan dan Keselamatan Kerja (K3) di berbagai bidang juga diberikan kepada beberapa karyawan, sehingga pada tahun 2015 Perseroan memiliki beberapa karyawan yang akan semakin fokus berkontribusi dalam bidang ini. Peningkatan kompetensi juga diberikan kepada jajaran Direksi, beberapa diantaranya adalah pelatihan Sistem Jaminan Halal dan keikutsertaan dalam pelatihan yang diselenggarakan ASEAN Cosmetics Committee.Dari sisi kepatuhan terhadap regulasi, Departemen HRD menfasilitasi beberapa kegiatan sosialisasi untuk karyawan, diantaranya adalah sosialisasi Program Jaminan Pensiun yang diselenggarakan BPJS Ketenagakerjaan dan WRAP (Worldwide Responsible Accredited Production). Sosialisasi ini dilakukan secara menyeluruh, sehingga karyawan di semua level memiliki pengetahuan yang setara mengenai kebijakan-kebijakan yang disampaikan.

Jepang merupakan salah satu negara yang terdepan dalam teknologi dan trend kecantikan. Oleh karenanya, di tahun 2015 Perseroan kembali mengirim beberapa karyawan ke Jepang untuk mendalami bidang Production dan Sales-Marketing. Selain itu, beberapa pakar ahli juga diundang untuk berbagi pengetahuan dan pengalaman kepada karyawan, diantaranya pakar finansial dan pakar kosmetik yang didatangkan langsung dari Jepang.Pasca musibah kebakaran yang terjadi di bulan Juli 2015, bekerja sama dengan Pusat Krisis Fakultas Psikologi Universitas Indonesia, Departemen HRD melakukan kegiatan bertema “Care Program” yang dirancang khusus sebagai bentuk pendampingan psikologis bagi karyawan yang terpapar secara langsung dengan musibah, baik yang terluka ataupun tidak. Khusus bagi para penyintas (survivors yang terluka), “Care Program” ini dirancang dengan aktivitas longitudinal yang menfasilitasi kebutuhan konseling individual dan kelompok, dimulai sejak perawatan di rumah sakit, pelatihan untuk kembali ke lingkungan sosial, hingga pelatihan untuk kembali bekerja (return to work).Dalam pemulihan kondisi fisik para penyintas, Departemen HRD selalu memberikan pendampingan sepanjang kegiatan rawat jalan dan operasi. Perkembangan fisik dan kebutuhan lainnya tetap difasilitasi untuk memastikan bahwa fungsi fisik dari para penyintas ini dapat diobati secara maksimal, sehingga mereka dapat melakukan aktivitas sehari-hari secara mandiri.Untuk bidang rekrutmen, kegiatan Departemen HRD merambah hingga Yogyakarta dan Jawa Timur. Dengan semakin banyaknya wilayah perekrutan yang didatangi, maka diharapkan Perseroan dapat membuka kesempatan yang sama besarnya untuk talent di daerah lain yang tentunya tidak kalah saing dibandingkan dengan kandidat dari kota-kota besar.Kepedulian Perseroan di bidang pendidikan terealisasikan dengan tetap melaksanakan MGTS (Mandom Goes to School). Hingga akhir tahun 2015, Departemen HRD mencatat jumlah peserta siswa/siswi Sekolah Menengah Kejuruan (SMK) yang mengikuti program ini meningkat hingga 31%. Selain itu, untuk mendukung acara PIXY Beauty Career Goes to Campus, Departemen HRD juga hadir untuk berbagi pengalaman dan pengetahuan mengenai dunia kerja di beberapa kampus di Indonesia, diantaranya Universitas Gadjah Mada, Universitas Al-Azhar Indonesia, Universitas Padjadjaran, Univerversitas Brawijaya, dan Universitas Indonesia.Sampai dengan akhir tahun 2015, jumlah karyawan Perseroan sebanyak 5.192 orang karyawan,

Japan is one of the leading country in terms of technology and beauty trends. Therefore, in the year 2015 the Company continued to send several employees for trainings on Production and Sales-Marketing field. Besides, some experts were also invited to share their knowledge and experience to employees, among others were experts on financial and cosmetics field from Japan.Following the fire accident which occurred on July 2015, in cooperation with Crisis Center of Faculty of Psychology the University of Indonesia, HRD Department conducted a program entitled “Care Program” which were designed particularly as a form of psychological mentoring for employees who were directly exposed to the accident, whether injured or not. Specifically for the survivors injured, the “Care Program” was designed as a longitudinal activity which facilitates individual and group counseling activities, starting from hospital treatment, preparation to return to social life, until preparation to return to work. During the physical recovery process of the survivors, HRD Department continuously provide supports throughout the hospital control and surgery process. Physical progress and other needs are facilitated in order to ensure that the physical function of the survivors can be cured maximally, so that they will be able to do their daily activities independently. In terms of recruitment, HRD Department had expanded the coverage area of recruitment to Yogykarta and East Java. Thus, with the expansion, it is expected that the Company can provide equal opportunity for talents from other area of the country who definitely can offer the same level of competitiveness with talents from big cities.

The Company’s awareness of the education field was implemented through the Mandom Goes to School (MGTS) activities. Until the end of 2015, HRD Department recorded the number of participants from students of Vocational Schools (SMK) who joined the program increased by 31%. Besides, in order to support the PIXY Beauty Career Goes to Campus event, HRD Department presented a sharing session on the topic of experience and knowledge regarding the world of work in several universities in Indonesia, among others were Gadjah Mada University, Al-Azhar Indonesia University, Padjadjaran University, Brawijaya University, and the University of Indonesia. As of the end of 2015, the total number of the Company’s employee was 5,192.

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Shareholders / Pemegang Saham Total Number of Shares / Jumlah Saham Percentage (%) / Persentase (%)

Mandom Corporation / Mandom Corporation 122.319.485 60,8

PT Asia Jaya Paramita / PT Asia Jaya Paramita 22.754.894 11,3

Public Shareholder / Pemegang Saham Publik 55.992.288 27,8

Total 201.066.667 100,0

Shareholders / Pemegang Saham Total Number of Shares / Jumlah Saham Percentage (%) / Persentase (%)

Domestic Share Ownership / Kepemilikan Saham Dalam Negeri 62.390.940 31,0

Foreign Share Ownership / Kepemilikan Saham Luar Negeri 138.675.727 69,0

Total 201.066.667 100,0

A. Jumlah saham yang beredar

B. Kepemilikan 5% lebih saham Perseroan

A. Number of Issued Shares

B. Share Ownership of more than 5%

Jumlah saham yang telah dikeluarkan 201.066.667 saham

Total Issued Shares 201,066,667 shares

Nilai nominal per saham Rp 500/ saham

Nominal Value per ShareRp 500/ share

Modal yang telah disetorRp 100.533.333.500

Paid-Up CapitalRp 100,533,333,500

information on share

informasi saham

Description / Keterangan Total Percentage (%) / Persentase (%)

Ownership of less than 5% / Kepemilikan di bawah 5% 55.992.288 27,8

Pension Fund / Dana Pensiun 30.000 0,1

Limited Company / Perseroan Terbatas 6.393.295 11,4

Individual (Local) / Individu (Lokal) 28.180.463 50,3

Mutual Fund / Reksadana 5.094.966 9,1

Foreign Company / Perusahaan Asing 13.844.886 24,7

Individual (Foreign) / Individu (Asing) 2.448.678 4,4

C. Kelompok Pemegang Saham Kurang dari 5% C. Share Ownership of Less than 5%

D. Komisaris dan Direksi yang Memiliki Saham Perseroan per tanggal 31 Desember 2015

D. Share Ownership of the Board of Commissioners & the Board of Directors as of December 31, 2015

No. Name / Nama Positions / Jabatan Total Number of ShareJumlah Kepemilikan Saham

1 Lie Harjono Commissioner / Komisaris 253.004

2 Effendi Tandi Director / Direktur 20.000

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Motonobu Nishimura

PT Mandom Indonesia Tbk

MANDOM CORPORATION

60,8%

3,0%

Komisaris/Commissioner

ShareholdersPemegang Saham

Total Number of SharesJumlah Saham

Percentage (%)Persentase (%)

BNP PARIBAS SEC SERVICES LUXEMBOURG / JASDEC / ABERDEEN GLOBAL CLIENT ASSETS 2.859.000 11,85

Nishimura International Scholarship Foundation 1.800.000 7,46

Mandom Corporation 756.134 3,13

Motonobu Nishimura 720.200 2,98

Mandom Employee Shareholding Association 622.389 2,58

GOLDMAN, SACHS & CO. REG 546.000 2,26

Japan Trustee Services Bank, Ltd. (trust account) 465.900 1,93

THE BANK OF NEW YORK - JASDECTREATY ACCOUNT 364.100 1,51

BNP PARIBAS SEC SVC LONDON / JAS / ABERDEEN INVESTMENT FUNDS ICVC / AGENCY LENDING 311.200 1,29

Total Issued SharesJumlah Saham Yang Dikeluarkan 24.134.606

E. Informasi Pemegang Saham Utama E. Information on Major Shareholder

Pemegang saham utama Perseroan adalah Mandom Corporation yang memiliki 122.319.485 saham atau 60,8% dari saham yang telah dikeluarkan oleh Perusahaan.Dibawah ini adalah daftar top 10 Pemegang Saham dari Mandom Corporation. *) Sampai dengan 30 September 2015

Major Shareholder of the Company is Mandom Corporation who holds 122, 319,485 shares or 60.8% of shares issued by the Company.Below is the composition of top 10 Shareholders of Mandom Corporation.*) as of September 30, 2015

Notonobu Nishimura adalah Representative Director/President Executive Officer Mandom Corporation dan juga menjabat sebagai Komisaris di Perseroan.

Motonobu Nishimura is the Representative Director/President Executive Officer of Mandom Corporation and is also Commissioner of the Company.

F. Kapitalisasi Pasar dan Informasi Saham F. Market Capitalization and Information on Share

YearTahun

PeriodPeriode

Market CapitalisationKapitalisasi Pasar

HighTertinggi

LowTerendah

ClosePenutupan

Transaction VolumeVolume Transaksi

2014

Q1Q2Q3Q4

7.741.066.679.500 9.279.226.682.050

10.525.840.017.450 10.772.146.684.525

16.00017.00019.00018.100

11.000 13.000 14.000 17.500

13.500 15.950 17.850 17.525

2.968.613 535.600

1.375.701 908.166

2015

Q1Q2Q3Q4

11.159.200.018.500 11.857.906.686.32510.857.600.018.000 10.254.400.017.000

19.50020.00019.80017.950

17.500 18.000 16.000 16.000

19.500 19.800 17.500 16.500

1.311.625 371.833

1.375.701 39.732

G. Kronologis Pencatatan Saham di Bursa Efek Indonesia

DateTanggal

Corporate ActionsTindakan Korporasi

Share AdditionsPenambahan Saham

Accumulated Number of SharesAkumulasi Jumlah Saham

30 September 1993September 30, 1993

Penawaran UmumInitial Public Offering 13.000.000 13.000.000

2 Oktober 1995October 2, 1995

Saham Bonus (1:1)Bonus Shares (1:1) 13.000.000 26.000.000


Stock split nilai nominal Rp 1.000 menjadi Rp 500 per saham

Stock split par value Rp 1,000 to Rp 500 per share

26.000.000 52.000.000


Saham Bonus (2:1)Bonus Shares (2:1) 26.000.000 78.000.000

5 Juni 2000June 5, 2000

HMETD I (1:1)Right Issue I (1:1) 78.000.000 156.000.000

10 Februari 2006February 10, 2006

HMETD II (25:4)Right Issue II (25:4) 24.960.000 180.960.000

24 Juni 2008June 24, 2008

HMETD III (9:1)Right Issue III (9:1) 20.106.667 201.066.667

G. Share Listing Chronology in Indonesia Stock Exchange

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49

Cap

ital market sup

porting

institution and professional

Lemb

aga d

an profesi penunjang pasar m

odal

Share Registrar

PT Sirca Datapro Perdana Wisma Sirca Jl. Johar No. 18, Menteng Jakarta 10340 Telepon: (021) 390-0645, 390-5920 Faksimili: (021) 390-0652, 390-0671

Services:a. To keep data of shareholdersb. To coordinate with PT Central Securities Depositoryc. To assist in dividend payment and general meeting of shareholders /corporate actionsd. To submit reports to Financial Services Authority, Indonesia Stock Exchange and issuer

Engagement Period: September 30, 2014 –September 29, 2015

Public Accountant

Osman Bing Satrio & Eny

The Plaza Office Tower 32nd FloorJl. M.H. Thamrin Kav. 28-30Jakarta 10350Telepon: (021) 29923100Faksimili: (021) 29928200, 29928300

Services:Audit of the Company’s financial statements, prepared in accordance with the Indonesian Financial Accounting Standards, which comprise the statement of financial position as at December 31, 2015, and the statement of comprehensive income, statement of changes in equity and cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory information.

Engagement period from July 2, 2015 until completion of services mentioned above.

The fee paid for both services were around Rp 962 million.

Biro Administrasi Efek PT Sirca Datapro Perdana Wisma Sirca Jl. Johar No. 18, Menteng Jakarta 10340 Telepon: (021) 390-0645, 390-5920 Faksimili: (021) 390-0652, 390-0671

Jasa yang diberikan:a. Pemeliharaan data pemegang sahamb. Koordinasi dengan PT Kustodian Sentral Efek Indonesiac. Membantu dalam hal pembayaran dividen, penyelenggaraan RUPS/aksi korporasid. Menyampaikan berbagai laporan ke Otoritas Jasa Keuangan (OJK), Bursa Efek Indonesia (BEI), dan emiten

Periode penugasan: 30 September 2014 – 29 September 2015

Akuntan Publik

Osman Bing Satrio & Eny

The Plaza Office Tower 32nd FloorJl. M.H. Thamrin Kav. 28-30Jakarta 10350Telepon: (021) 29923100Faksimili: (021) 29928200, 29928300

Jasa yang diberikan:Audit atas laporan keuangan Perusahaan, yang disusun sesuai dengan Standar Akuntansi Keuangan di Indonesia, yang terdiri dari laporan posisi keuangan tanggal 31 Desember 2015, dan laporan laba-rugi komprehensif, laporan perubahan ekuitas, serta laporan arus kas untuk tahun yang berakhir pada tanggal tersebut, serta suatu ringkasan kebijakan akuntansi signifikan dan informasi penjelasan lain.

Periode penugasan mulai tanggal 2 Juli 2015 sampai dengan selesai menjalankan jasa tersebut diatas.

Fee yang dibayarkan untuk kedua jasa tersebut adalah sekitar Rp 962 Juta.

aw

ards &

Certification

pengharg

aan & sertifikasi

The Top 50 Companies untuk Tahun 2015 Best of the Best 2015 Awards dari

Forbes IndonesiaThe Top 50 Companies for 2015

Best of the Best 2015 Awards from Forbes Indonesia

GATSBY Skin Tonic Perfect Wash sebagai Produk Grooming Pilihan untuk Pria

2015 dari Men’s Health IndonesiaGATSBY Skin Tonic Perfect

Wash as Men’s Health Grooming Choice 2015 from

Men’s Health Indonesia

GATSBY Styling Wax sebagai Produk Grooming Pilihan untuk Pria 2015 dari Men’s Health

IndonesiaGATSBY Styling Wax as Men’s Health

Grooming Choice 2015 from Men’s Health Indonesia

GATSBY sebagai Indonesia WOW Brand 2015 di kategori Hair Gel/

Wax -Pria dari MARKPLUS.INCGATSBY as Indonesia WOW Brand 2015 in

Hair Gel/ Wax – Male Category from MARKPLUS.INC

Gold Certificate of Compliance dari WRAP ( Worldwide Responsible Accredited

Production)Gold Certificate of Compliance from WRAP

( Worldwide Responsible Accredited Production)

Penghargaan dari Spalding InternationalAward from Spalding International

GATSBY sebagai Indonesia WOW Brand 2015 di kategori Roll-on Deodorant –

Pria dari MARKPLUS.INCGATSBY as Indonesia WOW Brand 2015 in Roll-on Deodorant – Male Category from

MARKPLUS.INC

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analisa pembahasanmanajemen

management Discussion and analysis

KONDISI UMUM DAN PROSPEK USAHA

Perekonomian DuniaDi tahun 2015, perekonomian dunia hanya tumbuh sebesar 2,4%, turun dari angka 2,6% di tahun 2014 (data: Bank Dunia). Hal ini diantaranya dipengaruhi oleh harga komoditas global yang masih terus menurun, termasuk harga minyak dunia serta masih tertahannya perekonomian di negara-negara maju seperti Amerika Serikat dan Jepang, serta melambatnya perekonomian China dan ekonomi Eropa yang mulai pulih walau belum berhasil meningkatkan inflasi yang masih rendah. Di masa yang akan datang resiko terkait perlambatan ekonomi China dan terus menurunnya harga komoditas global perlu dicermati.

Perekonomian Indonesia Perekonomian Indonesia di tahun 2015 mengalami tantangan yang cukup berat dimana pertumbuhan ekonomi melambat dibanding tahun-tahun sebelumnya hingga hanya mencatatkan angka pertumbuhan sebesar 4,79%, menurun dibanding 2014 sebesar 5,02% (data: Biro Pusat Statistik). Inflasi di tahun 2015 tercatat sebesar 3,35%, jauh lebih rendah dibanding nilai 2014 sebesar 8,36% (data: Biro Pusat Statistik). Sementara itu, index kepercayaan konsumen dikuartal IV tahun 2015 tercatat sebesar 103,5 lebih rendah dibandingkan kuartal IV tahun 2014 sebesar 119,1 (data : Bank Indonesia).

Melambatnya pertumbuhan ekonomi salah satunya dipengaruhi oleh tertahannya ekspor akibat permintaan global yang masih lemah dan terus menurunnya harga komoditas. Di kuartal IV tahun 2015 Pemerintah berusaha memberikan stimulus dengan mengeluarkan beberapa paket kebijakan ekonomi dan juga mempercepat realisasi investasi pemerintah. Hasilnya mulai terlihat namun belum secara signifikan memberikan kontribusi pada pertumbuhan ekonomi. Diharapkan di tahun 2016 Pemerintah akan melanjutkan realisasi investasi pemerintah sehingga dapat menggerakkan ekonomi nasional.

GENERAL CONDITION AND BUSINESS PROSPECTS

The World’s EconomyIn 2015, the world’s economy grew by 2.4% only, down from 2.6% in 2014 (data: World Bank). This is, among others, influenced by the global commodities prices which continued to decrease, including the world’s oil price as well as the stagnant economy in the developing countries such as the United States of America and Japan, and the slowdown of Chinese and European economies which have started to recover although still unable to increase the inflation which was still low. In the future, the risk related to the slowdown of Chinese economy and the continued decrease of global commodities prices should be paid close attention to.

Indonesia’s Economy Indonesia’s economy in 2015 faced a quite hard challlenge where the economic growth slowed down compared with the previous year which only recorded a growth rate of 4.79%, down compared to 2014 which was 5.02% (data: Statistic Central Bureau). Inflation rate in 2015 was recorded at 3.35%, far lower than in 2014 which was 8.36% (data: Statistic Central Bureau).Consumer confidents index in the fourth quarter of 2015 was recorded at 103.5, lower than the fourth quarter of 2014 which was 119.1 (data : Bank of Indonesia).

One of the reasons for the slowing down of economic growth was influenced by the stagnant export due to weak global demands and the continued drop of commodities prices. In the fourth quarter of 2015 the Government attempted to give stimulus by issuing some economic policy packages and also expediting the realization of government investments. The results started to materialize but not yet significantly giving contributions to the economic growth. It is expected that in the year 2016 the Government would continue the realization of government investments so as to be able to drive the national economy.

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On the foreign exchange side, it was recorded that Rupiah was depreciated to Rp 13,785 per US Dollar at the end of the year, from previously Rp 12,440 per US Dollar at the beginning of 2015 (data: Bank Indonesia). During 2015, the Rupiah exchange rate against US Dollar experienced a sharp fluctuation. This volatility is also experienced by other currencies such as Brazil, South Africa, Turkey, Malaysia, etc. In the future, Rupiah will still face the risk from the external factor such as Chinese economic development.

Business ProspectsThe slowing down of Indonesian economic condition in 2015 contributed to give effects on the cosmetic industry where disposable income was indicated to decrease hence household consumption also dropped and only started to show improvements in the fourth quarter of last year. Consumer confidence index was relatively recovered and supported by the improvement of consumers’ assurance of the current condition, especially on the fundamental of national economy. With the realization of government investment, it is expected that the national economy in 2016 would move more actively so that people’s purchasing power would continue to improve. Challenges in the future would be the implementation of ASEAN Economic Community (AEC) which makes the domestic producers have to be able to see the opportunities while continuing to increase the competitiveness of their products. In the midst of considerable inflows of imported cosmetic products that enter the Indonesian markets, the Company still believes that cosmetic companies which have long been operating in the Indonesian markets will survive having the knowledge of consumers and market condition. However, the Company will continue to observe market developments, launch quality and innovative products, and give the best to the consumers.

Comparison between the Target at the Beginning of Financial Year and the RealizationIn 2015, the Company recorded a sale of Rp 2,315 billion or only grew by 0.3% compared with the previous year. This achievement is certainly below the Company’s estimation which initially targeted a sale to grow two digits. This is influenced by some factors such as an external factor of the national economic slowdown and an internal factor that is the fire accident which forced the Company to stop production for quite some time and made a revision on some policies in order to continue to meet market demands. In the midst of such condition, the Company could

Di sisi valuta asing, tercatat Rupiah terdepresiasi menjadi Rp 13.785 per Dolar AS pada akhir tahun, dari sebelumnya Rp 12.440 per Dolar AS di awal tahun 2015 (data: Bank Indonesia). Sepanjang tahun 2015 nilai tukar Rupiah terhadap Dolar AS mengalami fluktuasi yang cukup tajam. Volatilitas ini juga dialami oleh mata uang negara-negara lain seperti Brasil, Afrika Selatan, Turki, Malaysia, dll. Ke depan, Rupiah masih akan menghadapi resiko yang bersumber dari faktor eksternal seperti perkembangan ekonomi China.

Prospek UsahaKondisi perekonomian Indonesia yang melambat di tahun 2015 turut memberikan efek pada industri kosmetik dimana pendapatan yang dapat dibelanjakan terindikasi menurun sehingga konsumsi rumah tangga ikut menurun dan baru mulai menunjukkan perbaikan di kuartal IV tahun lalu. Indeks kepercayaan konsumen relatif mulai membaik didukung perbaikan keyakinan konsumen akan kondisi ekonomi saat ini, terutama terhadap fundamental perekonomian nasional. Dengan adanya realisasi investasi pemerintah, diharapkan ekonomi nasional di tahun 2016 akan bergerak lebih aktif sehingga daya beli masyarakat akan terus membaik. Tantangan ke depan adalah penerapan Masyarakat Ekonomi ASEAN (MEA) yang membuat produsen dalam negeri harus bisa melihat peluang dan kesempatan sambil terus meningkatkan daya saing produknya. Di tengah banyaknya produk kosmetik impor yang masuk ke pasar Indonesia, Perseroan tetap yakin bahwa perusahaan kosmetik yang sudah lama beroperasi di pasar Indonesia akan bisa bertahan dengan bekal pengetahuan akan kondisi konsumen dan pasar. Namun demikian, Perseroan akan terus mengamati perkembangan pasar, meluncurkan produk-produk yang inovatif berkualitas, dan memberikan yang terbaik untuk konsumen.

Perbandingan antara Target Awal Tahun Buku dengan RealisasiDi tahun 2015, Perseroan mencatatkan penjualan Rp 2.315 miliar atau hanya tumbuh 0,3% dibanding tahun sebelumnya. Pencapaian ini tentunya dibawah estimasi Perseroan yang sebelumnya menargetkan penjualan untuk tumbuh dua digit. Hal ini dipengaruhi oleh beberapa hal seperti faktor eksternal yaitu perlambatan ekonomi nasional dan faktor internal yaitu adanya musibah kebakaran yang membuat Perseroan harus menghentikan produksi untuk beberapa waktu dan melakukan revisi pada beberapa kebijakan untuk dapat tetap memenuhi permintaan pasar. Di tengah kondisi tersebut, Perseroan masih dapat mencatatkan pertumbuhan penjualan domestik

sebesar 5,6% dibanding tahun 2014 menjadi Rp 1.697 miliar. Sementara itu, penjualan ekspor mendapatkan dampak dari terbatasnya suplai produk yang mengandung aerosol sehingga hanya mencatatkan penjualan sebesar Rp 618 miliar, turun dari tahun 2014 sebesar Rp 702 miliar.

TINJAUAN OPERASIONAL Perseroan memiliki segmen usaha utama yaitu kosmetika. Informasi mengenai produk kosmetika yang digunakan untuk tujuan pelaporan manajemen dalam laporan keuangan terbagi menjadi produk perawatan rambut, perawatan kulit & rias, wangi-wangian, dan lain-lain.Di tahun 2015, pertumbuhan penjualan terbesar dicatatkan oleh produk perawatan rambut yang tumbuh sebesar 6,2% dibanding tahun sebelumnya yaitu dari Rp 846 miliar menjadi Rp 898 miliar. Pertumbuhan terbesar kedua dicatatkan oleh produk perawatan kulit & rias yang tumbuh sebesar 2,1% yaitu dari Rp 794 miliar di tahun 2014 menjadi Rp 811 miliar.

PRODUKSISeiring dengan telah diresmikannya pabrik Perseroan yang baru di Kawasan Industri MM 2100, Bekasi, saat ini, Perseroan mempunyai 2 pabrik di kawasan industri tersebut yaitu Factory 1 di Jl. Irian Blok PP dan Factory 2 di Jl. Jawa Blok J-9. Sementara itu, pabrik Perseroan di Sunter, Jakarta Utara sudah dijual melalui transaksi jual beli tanah dan bangunan yang telah diselesaikan pada bulan Juni 2015. Factory 1 digunakan untuk kegiatan produksi Mixing dan Packing sementara Factory 2 berfungsi sebagai pabrik kemasan plastik dan Logistic Center. Dengan adanya dua pabrik dalam lokasi yang berdekatan, diharapkan kegiatan produksi antar dua pabrik tersebut dapat berjalan lebih efektif dan efisien.

Di semester I tahun 2015, Departemen Produksi berkonsentrasi pada proses relokasi fasilitas produksi dari pabrik Sunter ke Factory 1. Proses relokasi yang sudah disiapkan sejak akhir tahun 2014 berjalan relatif lancar walaupun dibutuhkan

still record a domestic sales growth of 5.6% compared with 2014 that is Rp 1,697 billion. Meanwhile, export sales is affected by the limited supply of products containing aerosol which only recorded a sale of Rp 618 billion, down from 2014 which was Rp 702 billion.

OPERATIONAL REVIEW The Company’s main business segment is cosmetics. Information on cosmetic products used for the purpose of management reporting in the financial statements is divided into hair care, skin care & makeup, fragrance, and others.

In 2015, the largest sales growth was recorded by hair treatment products which grew by 6.2% compared with the previous year, that is from Rp 846 billion to Rp 898 billion. The second biggest growth is recorded by skincare & makeup products which grew by 2.1% that is from Rp 794 billion in 2014 to Rp 811 billion.

PRODUCTIONWith the opening of the new factory at the Kawasan Industri MM 2100, Bekasi, currently the Company has 2 factories in that industrial town, namely Factory 1 on Jl. Irian Blok PP and Factory 2 on Jl. Jawa Blok J-9. Meanwhile, the Company’s factory in Sunter, North Jakarta has been sold through a land and building sale and purchase transaction which has been completed in June 2015. Factory 1 is used for Mixing and Packing production activities, while Factory 2 serves as a plastic packaging factory and Logistic Center. With the presence of two factories in an adjacent location, it is expected that production activities between the two factories could run more effectively and efficiently.

In semester I of 2015, the Production Department concentrated on the relocation process of the production facility from Sunter to Factory 1. The relocation process which had been prepared since the end of 2014 ran relatively smooth

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although some adjustments had to be made from the initial plan. But, as a result of a good team work, the relocation process could be completed on schedule and production activities could start in Factory 1.

Sadly, on July 10, 2015, there was a fire accident at the aerosol production area of the Company’s factory forcing the Company to stop production activities for some time. Therefore, in semester II 2015, the Company concentrated on handling the post-fire accident starting from verification of occupational safety in all production areas, review of production plan, up to preparation of production alternatives with the Original Equipment Manufacturer (OEM) system especially for aerosol products.

The halting of such production activities also caused the average level of production utilization in 2015 to be recorded at 60%. The adjustment on production plan that has been prepared made the Company unable to maximize the installed capacity at the Company’s factory. However, the Company has carried out improvements in stages so as production activities could gradually run well. It is expected that in 2016 the Company could increase the production utilization in order to ensure an optimum level of inventory so that the Company may ensure the availability of Company’s products in the market.

With regards to the development of production capacity, in 2015 the Company has made an investment in the filling up machine with robotic system to support the production of Gatsby Urban Cologne product which demand continues to increase in the market and for the new product Pucelle Pink Me which is a potential new product.

The production process for the Company’s products in general can be divided into several stages, namely:

1. Process for the preparation of raw materials The process for preparation of raw materials covers the receiving of raw materials and examination at the Quality Control Laboratory before they are stored in the warehouse.

2. Mixing processThis process includes measuring of materials in accordance with the types of product to be made, and then mixing them using a mixer or vacuum emulsion mixer. Products which have completed this stage will then be checked in order to ensure that such products meet the specifications and may proceed to the next process.

3. Filling processThis process covers the process of filling the products into various packages. At this

beberapa penyesuaian atas rencana awal. Berkat kerja sama tim yang baik, proses relokasi dapat diselesaikan sesuai dengan jadwal dan kegiatan produksi pun bisa dimulai di Factory 1.

Namun pada tanggal 10 Juli 2015 terjadi musibah kebakaran di area produksi aerosol pabrik Perseroan sehingga Perseroan menghentikan kegiatan produksi untuk beberapa waktu. Oleh karena itu, di semester II tahun 2015, Perseroan berkonsentrasi pada penanganan paska musibah kebakaran mulai dari melakukan verifikasi atas keselamatan kerja di seluruh area produksi, review atas rencana produksi, sampai mempersiapkan alternatif produksi dengan sistem OEM (Original Equipment Manufacturer) terutama untuk produk aerosol.

Sempat terhentinya kegiatan produksi juga menyebabkan tingkat rata-rata utilisasi produksi di tahun 2015 tercatat di level 60%. Adanya penyesuaian atas rencana produksi yang telah disusun membuat Perseroan belum bisa memaksimalkan kapasitas terpasang di pabrik Perseroan. Namun demikian, secara bertahap Perseroan telah melakukan pembenahan sehingga kegiatan produksi secara berangsur bisa berjalan dengan baik. Diharapkan di tahun 2016 Perseroan bisa meningkatkan utilisasi produksi sehingga dapat menjamin tingkat level persediaan yang optimal agar Perseroan dapat memastikan ketersediaan produk-produk Perseroan di pasar.

Dalam hal pengembangan kapasitas produksi, di tahun 2015 Perseroan berinvestasi pada mesin filling up dengan sistem robotic untuk mendukung produksi produk Gatsby Urban Cologne yang permintaannya terus meningkat di pasar serta untuk produk baru Pucelle Pink Me yang merupakan produk baru potensial.

Proses produksi untuk produk-produk Perseroan pada umumnya dapat dibagi menjadi beberapa tahap, yaitu:

1. Proses persiapan bahan bakuProses persiapan bahan baku mencakup penerimaan bahan baku dan pemeriksaan di Laboratorium Quality Control sebelum disimpan di gudang.

2. Proses pencampuran/pengadukanProses ini mencakup penimbangan bahan baku sesuai dengan produk yang akan dibuat, kemudian dilakukan pengadukan dengan menggunakan mixer atau vacuum emulsion mixer. Produk yang telah melalui tahapan ini kemudian diperiksa untuk menjamin bahwa produk tersebut sesuai dengan spesifikasi dan bisa dilakukan proses selanjutnya.

3. Proses filling (pengisian)Proses ini meliputi proses pengisian produk ke dalam berbagai kemasan. Pada tahap ini

QC Check

QC Check

QC Check

QC

Check

PROSES PRODUKSIPRODUCTION PROCESS

Bahan BakuRaw Material

TimbanganWeighing

PengolahanMixing

Pabrik Kemasan PlastikPlastic Factory

Pusat LogistikLogistic Center

Pengemasan PrimerFilling Up

Pengemasan SekunderPacking

stage, examination in the Quality Control Laboratory is also performed.

4. Packing processThis process includes packing of finished goods into carton box.

5. Warehousing processAt this stage, finished goods are stored prior to delivery to the distributors.

The Company’s products are processed using the main machines namely mixer and vacuum mixer which function to mix and stir the raw materials. The production process of the Company’s products is as explained in the picture above.

SalesSales in 2015 were recorded at Rp 2,315 billion or grew by 0.3% compared with 2014. Domestic sales were Rp 1,697 billion and export sales reached Rp 618 billion. The percentage of domestic sales compared with export sales was recorded at 73% : 27%.Meanwhile, from the price side, in the last 2 years there has been a price increase in stages for some products. Details of the price increase in the last 2 years are as follows:In 2015: 225 SKU increased by 6-21%In 2014: 319 SKU increased by 3-21%

ProfitabilityFrom the profitability side, the ratio of net profit against sales was recorded at 23.5%. In 2015 the Company recorded a net profit of Rp 544 billion. This figure was mostly contributed by the profit from the sale of land, office building and factory of the Company in Sunter, North Jakarta.

juga dilakukan pemeriksaan di Laboratorium Quality Control.

4. Proses pengepakanPada tahap ini dilakukan pengepakan kemasan ke dalam carton box.

5. Proses pergudanganPada tahap ini dilakukan penyimpanan produk jadi sebelum dikirim ke distributor.

Produk-produk Perseroan diproses dengan menggunakan mesin-mesin utama yaitu mixer dan vacuum mixer yang berfungsi untuk mencampur dan mengaduk bahan baku. Proses produksi produk-produk Perseroan adalah sebagaimana dijelaskan dalam gambar diatas.

PenjualanPenjualan di tahun 2015 tercatat sebesar Rp 2.315 miliar atau tumbuh 0,3% dibanding tahun 2014. Penjualan domestik sebesar Rp 1.697 miliar dan penjualan ekspor sebesar Rp 618 miliar. Persentase penjualan domestik dibanding penjualan ekspor tercatat sebesar 73% : 27%.Sementara itu, dari segi harga, dalam 2 tahun terakhir telah dilakukan kenaikan harga secara bertahap untuk beberapa produk. Detail kenaikan harga dalam 2 tahun terakhir yaitu:Tahun 2015: 225 SKU naik 6-21%Tahun 2014: 319 SKU naik 3-21%

ProfitabilitasDari segi profitabilitas, rasio laba bersih dibanding penjualan tercatat sebesar 23,5%. Di tahun 2015 Perseroan mencatatkan laba bersih sebesar Rp 544 miliar. Angka ini sebagian besar dikontribusikan oleh laba dari penjualan tanah , bangunan kantor dan pabrik Perseroan di Sunter, Jakarta Utara.

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FINANCIAL REVIEWAssets Current assets at the end of 2015 was recorded at Rp 1,113 billion, increased by 27.3% from Rp 874 billion in 2014. This increase was contributed from the cash and cash equivalents from the sale proceeds of the land, office building and factory of the Company in Sunter, North Jakarta as well as recognition of the insurance claim on the fire accident. Noncurrent assets at the end of 2015 was recorded at Rp 969 billion, decreased by 2.0% from Rp 990 billion in 2014. The decrease was due to the write-off of fixed assets due to the fire accident. At the end of 2015 total assets was recorded at Rp 2.082 billion, increased by 11.7% from Rp 1.864 billion at the end of 2014.

LiabilitiesAt the end of 2015, current liabilities were recorded at Rp 223 billion, down by 54.1% from Rp 486 billion in 2014. This was mainly due to payment of bank loans amounting to Rp 181 billion in 2014. Whereas noncurrent liability was recorded at Rp 144 billion, up by 15.0% from Rp 125 billion at the end of 2014 due to an increase of employee benefits obligation and the restatement of the new Statements of Financial Accounting Standards (PSAK) 24 (revision 2013) regulation concerning Employee Benefits. The result is total liabilities at the end of 2015 was Rp 367 billion, down by 39.9% from Rp 612 billion at the end of 2014.

EquityAt the end of 2015 total equity was recorded at Rp 1,715 billion, up by 37.0% from Rp 1,252 billion in 2014. This was due to the increase of retained earnings from the net profit of current year after deduction of dividend payments of the previous year.

Sales, Expenses, Income, Other Comprehensive Income and Total Comprehensive IncomeSales in 2015 were recorded at Rp 2,315 billion, grew by 0.3% compared with the previous year. The cost of goods sold to sales ratio was recorded at 62.1%, an increase from 61.1% in 2014. On the other hand, the net income to sales ratio was 23.5%. The net income was recorded at Rp 544 billion, grew by 209.7% compared with the previous year. Other comprehensive income obtained from actuarial losses on defined benefit obligations, reclassification related to available-for-sale financial assets which sold in the current year and profit/loss fair value available-for-sale financial assets. Therefore, total comprehensive income in 2015 was recorded at Rp 541 billion and basic earnings per share was Rp 2,708.

TINJAUAN KEUANGANAset Aset lancar pada akhir tahun 2015 tercatat sebesar Rp 1.113 miliar, meningkat 27,3% dari Rp 874 miliar di tahun 2014. Peningkatan ini dikontribusikan dari kas dan setara kas dari hasil penjualan tanah, bangunan kantor dan pabrik Perseroan di Sunter, Jakarta Utara serta pengakuan atas klaim asuransi musibah kebakaran. Aset tidak lancar pada akhir tahun 2015 tercatat sebesar Rp 969 miliar, menurun 2,0% dari Rp 990 miliar di tahun 2014. Penurunan ini disebabkan dari penghapusan aset tetap akibat dampak musibah kebakaran. Pada akhir tahun 2015 jumlah aset tercatat sebesar Rp 2.082 miliar, meningkat 11,7% dari Rp 1.864 miliar pada akhir tahun 2014.

LiabilitasPada akhir tahun 2015 liabilitas jangka pendek tercatat sebesar Rp 223 miliar, menurun 54,1% dari Rp 486 miliar di tahun 2014. Hal ini terutama disebabkan oleh utang bank yang telah dilunasi sebesar Rp 181 miliar di tahun 2014. Sedangkan liabilitas jangka panjang tercatat sebesar Rp 144 miliar, meningkat 15,0% dari Rp 125 miliar pada akhir tahun 2014 sehubungan dengan peningkatan liabilitas imbalan kerja dan penyajian kembali atas peraturan Standar Akuntansi Keuangan (PSAK) 24 (revisi 2013) tentang Imbalan Kerja. Hasilnya, jumlah liabilitas pada akhir tahun 2015 adalah sebesar Rp 367 miliar, menurun 39,9% dari Rp 612 miliar pada akhir tahun 2014.

EkuitasPada akhir tahun 2015 jumlah ekuitas tercatat sebesar Rp 1.715 miliar, meningkat 37,0% dari Rp 1.252 miliar di tahun 2014. Hal ini disebabkan adanya peningkatan saldo laba dari laba bersih tahun berjalan setelah dikurangi pembayaran dividen tahun sebelumnya.

Penjualan, Beban, Laba, Pendapatan Komprehensif Lain dan Total Laba KomprehensifPenjualan tahun 2015 tercatat sebesar Rp 2.315 miliar, tumbuh 0,3% dibandingkan tahun sebelumnya. Rasio beban pokok penjualan terhadap penjualan tercatat 62,1%, meningkat dari 61,1% di tahun 2014. Di sisi lain, rasio laba bersih terhadap penjualan adalah sebesar 23,5%. Laba bersih tercatat sebesar Rp 544 miliar, tumbuh 209,7% dibandingkan tahun sebelumnya. Pendapatan komprehensif lain diperoleh dari kerugian aktuarial atas kewajiban manfaat pasti, penyesuaian reklasifikasi berkaitan aset-keuangan-tersedia-untuk-dijual yang dijual pada tahun berjalan dan laba/rugi nilai wajar aset keuangan tersedia untuk dijual.Dengan demikian, total laba komprehensif tahun 2015 tercatat sebesar Rp 541 miliar dan laba per saham menjadi Rp 2.708/saham.

Cash flowNet cash provided by operating activities in the 2015 financial year was recorded at Rp 121 billion, down by 2.2% from Rp 124 billion in the 2014 financial year. This decrease was primarily due to an increase in employee cost general expenses and others. Net cash used in investing activities increased from (Rp 208 billion) in 2014 to Rp 259 billion in 2015. This was due to the proceeds from sale of land, office building and factory of the Company in Sunter, North Jakarta. While cash flows from financing activites decreased from Rp 105 billion in 2014 to (Rp 260 billion) in 2015. This was due to payment of bank loans in 2015. Cash and cash equivalents at the end of 2015 increased by Rp 125 billion compared with 2014, and balance at the end of 2015 was recorded at Rp 220 billion.

Solvability & Receivables Collectability On June 30, 2015 the Company settled its bank loans. Current assets in 2015 was recorded at Rp 1,112 billion and current liabilities was recorded at Rp 223 billion. The average period of payment of payables in 2015 was 20 days, while average collectibility of Company’s receivables was 68 days.

The solvability is calculated through the calculation of debt to equity ratio by dividing the total liabilities with equity that is Rp 367 billion/Rp 1,715 billion to arrive at the ratio figure of 21.4%. The result of calculation shows in general that the Company was able to pay its payables 4.7 times over the equity owned by the Company.

If comparison is made between the trade accounts payable of Rp 78 billion with the trade accounts receivable of Rp 433 billion, then the ratio of trade accounts payable is 18.0 % means 5.6 times over the trade accounts receivable owned by the Company.

The level of receivables collectability is calculated through the calculation of receivables that is by dividing the trade accounts receivable with the value of sales per day (365 days) i.e Rp 433 billion/Rp 6,342 million to arrive at the figure of 68 days. The result of such calculation constitutes the number of days that shows a ratio of average cycle of the Company’s receivables.

The Company’s source of funds was obtained from the settlement of trade accounts receivable. If comparing the payment of payables and the receivables collectability (68 days : 20 days = 3.4 times) and the result of ratio of payables against receivables that is 5.6 times, then the Company would definitely be able to settle its payables.

Arus KasKas bersih yang diperoleh dari aktivitas operasi pada tahun buku 2015 tercatat sebesar Rp 121 miliar, turun 2,2% dari Rp 124 miliar di tahun buku 2014. Penurunan ini terutama disebabkan oleh kenaikan beban karyawan, beban umum dan lainnya. Kas bersih yang digunakan untuk aktivitas investasi mengalami peningkatan dari (Rp 208 miliar) di tahun 2014 menjadi Rp 259 miliar pada tahun 2015. Hal ini disebabkan oleh hasil penjualan aset tanah, bangunan kantor dan pabrik Perseroan di Sunter, Jakarta Utara.Sementara arus kas dari aktivitas pendanaan mengalami penurunan dari Rp 105 miliar di tahun 2014 menjadi (Rp 260 miliar) di tahun 2015. Hal ini disebabkan oleh pembayaran utang bank di tahun 2015. Kas dan setara kas pada akhir tahun 2015 naik sebesar Rp 125 miliar dibandingkan tahun 2014, dan saldo pada akhir tahun 2015 tercatat sebesar Rp 220 miliar.

Kemampuan Membayar Utang & Tingkat Kolektabilitas PiutangPada tanggal 30 Juni 2015 Perseroan melakukan pelunasan atas pinjaman bank. Aset lancar pada tahun 2015 tercatat sebesar Rp 1.112 miliar dan liabilitas jangka pendek tercatat sebesar Rp 223 miliar. Rata-rata masa pembayaran utang di tahun 2015 adalah 20 hari, sedangkan tingkat rata-rata kolektabilitas piutang Perseroan adalah 68 hari.

Kemampuan membayar utang dihitung melalui perhitungan rasio utang Debt to Equity Ratio dengan membagi jumlah liabilitas dengan jumlah ekuitas yaitu Rp 367 miliar / Rp 1.715 miliar dan diperoleh angka rasio 21,4%. Hasil perhitungan menunjukan secara umum Perseroan mampu membayar utangnya 4,7 kali lipat atas ekuitas yang dimiliki oleh Perseroan.

Jika dibandingkan antara utang usaha sebesar Rp 78 miliar dengan piutang usaha sebesar 433 miliar maka rasio utang usaha sebesar 18,0 % artinya 5,6 kali lipat atas piutang usaha yang dimiliki oleh Perseroan.

Tingkat kolektabilitas piutang dihitung melalui perhitungan rasio piutang yaitu dengan membagi piutang usaha dengan nilai penjualan per hari (365 hari) yaitu Rp 433 miliar / Rp 6.342 Juta dan diperoleh angka 68 hari. Hasil perhitungan tersebut merupakan jumlah hari yang menunjukkan rasio perputaran piutang Perseroan secara rata-rata.

Sumber dana Perseroan diperoleh dari pelunasan atas piutang usaha. Jika dibandingkan pembayaran utang dan kolektabilitas piutang (68 hari : 20 hari = 3,4 kali) dan hasil dari rasio utang terhadap piutang 5,6 kali, maka Perseroan dipastikan akan mampu melunasi pembayaran utang.

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DOMESTIC SALES

Year 2015 was a quite difficult year for the Company. The unstable national economy has an impact on the consumers confidence index which was weakening. Meanwhile, the fire accident that occurred in July 2015 also gave impact to the production process that has to be halted for several days and causing the Company’s product inventory in the market to be limited. However, in the midst of various challenges faced, the Company succeeded in recording domestic sales of Rp 1,697 billion or grew by 5.6% compared with the previous year.

In line with the development of modern markets in Indonesia, currently the contribution of modern markets to the total domestic sales of the Company reached 51%. While the remaining 49% was contributed by the traditional markets. For the Company, both markets have important roles in meeting the Indonesian consumer needs. Therefore, both markets will continue to be managed in line with market developments.

During the year 2015, the Company has added 12 points of distribution. The addition of such points of distribution covered all areas of Indonesia, and most of the additional points of distribution are in the Eastern Indonesia Zone. This was done considering that the Eastern Indonesia Zone has excellent potentials where the Government also gives support in the form of optimization of developments and industrial growth in this region. Certainly, this is expected to be able to improve people’s welfare which eventually can promote domestic consumption growth in this region. The addition of points of distribution is very much needed in order that the Company’s products can be obtained in every area up to the sub-district level. The addition of such points of distribution is expected to be able to facilitate consumers to obtain the Company’s products. Therefore, the total points of distribution owned by the Company up to the end of 2015 is 132.

In addition to the additional points of distribution, the expansion of marketing office was also optimized as well as adjustments to the market developments. In the year 2015, the Company has expanded the marketing office by adding Cibitung 2 Marketing office and Surabaya 2 Marketing office. The Cibitung 2 Marketing office is expected to be able to handle sales in the South Sumatera area and Kalimantan Island, while the Surabaya 2 Marketing office is expected to be able to handle sales in the Sulawesi, Maluku up to Papua areas which were previously handled by the Surabaya 1 Marketing office

PENJUALAN DOMESTIK

Tahun 2015 merupakan tahun yang cukup berat bagi Perseroan. Perekonomian nasional yang kurang stabil berdampak pada Index kepercayaan konsumen yang kian lemah. Sementara itu, musibah kebakaran yang terjadi pada bulan Juli 2015 lalu juga berdampak pada proses produksi yang terpaksa harus dihentikan beberapa hari dan membuat persediaan produk Perseroan di pasar menjadi terbatas. Namun demikian, ditengah berbagai tantangan yang dihadapi, Perseroan berhasil mencatatkan penjualan domestik sebesar Rp 1.697 miliar atau tumbuh 5,6 % dibandingkan tahun sebelumnya.

Seiring dengan berkembangnya pasar modern di Indonesia, saat ini kontribusi pasar modern terhadap total penjualan domestik Perseroan sebesar 51%. Sementara 49% sisanya dikontribusikan dari pasar tradisional. Bagi Perseroan, kedua pasar memiliki peran penting dalam memenuhi kebutuhan konsumen Indonesia. Untuk itu kedua pasar tersebut akan terus dikelola seiring dengan perkembangan pasar.

Sepanjang tahun 2015 Perseroan telah menambah 12 titik distribusi. Penambahan titik distribusi tersebar di seluruh area di Indonesia, khususnya mayoritas penambahan titik distribusi dilakukan di Kawasan Indonesia Timur. Hal tersebut mengingat Kawasan Indonesia Timur mempunyai potensi yang sangat baik dimana Pemerintah pun memberikan dukungan upaya optimalisasi pembangunan dan pertumbuhan industri di wilayah tersebut. Tentunya hal ini diharapkan dapat meningkatkan kesejahteraan masyarakat yang pada akhirnya dapat mendorong tumbuhnya konsumsi domestik di kawasan tersebut. Penambahan titik distribusi sangat diperlukan agar produk Perseroan bisa dijangkau di setiap daerah hingga tingkat kecamatan. Penambahan titik distribusi tersebut diharapkan dapat mempermudah konsumen dalam mendapatkan produk-produk Perseroan. Dengan demikian total keseluruhan titik distribusi yang dimiliki Perseroan hingga akhir tahun 2015 sebanyak 132 titik distribusi.

Selain penambahan titik distribusi, perluasan kantor marketing juga dilakukan dalam upaya optimalisasi dan penyesuaian terhadap perkembangan pasar. Pada tahun 2015 Perseroan telah mengembangkan kantor marketing dengan menambah kantor Marketing Cibitung 2 dan Marketing Surabaya 2. Kantor Marketing Cibitung 2 diharapkan dapat menangani penjualan di daerah Sumatera Bagian Selatan dan Pulau Kalimantan, sementara kantor Marketing Surabaya 2 diharapkan dapat menangani penjualan di daerah Sulawesi, Maluku hingga Papua yang sebelumnya ditangani oleh Marketing Surabaya 1.

Meanwhile, in an attempt to increase productivity of the personnel, the Company regularly conducted training activities, gave rewards and held a BA/SPG Award. Such efforts were proven to have a positive impact on the Company’s domestic sales which was proven with the increase of productivity of the Sales Promotion Girls (SPG) and Beauty Advisors (BA).

In the future, the Company will continue to extend the distribution of Company’s products by adding points of distribution. The additional points of distribution will be focused in the Eastern Indonesia Zone in line with potential markets in this area. Meanwhile, in an effort to catch up with the lag due to various hindrances faced last year, in 2016 the Company will concentrate on the fast moving products, so that the products produced can be quickly absorbed by the market.

INTERNATIONAL SALESExport sales during 2015 was recorded at Rp 618 billion or down by 12.0% compared with the previous year. The fire accident that occurred at the aerosol production area of the Company in July 2015 has a quite significant impact on the Company’s export sales performance. Therefore, in facing various hindrances in 2015 some efforts continued to be made in order to maintain the export sales performance, one of which was by strengthening the non-aerosol product sales in several countries. Such effort was proven with the growth of some export markets such as Malaysia which grew by 25.0%, Thailand grew by 40.0%, and Singapore grew by 33.0%. Some products exported to those countries among others PIXY Two Way Cake, GATSBY Hairstyling, Bifesta and other products.

In an effort to develop Indochina markets such as Vietnam, Kambodia, Myanmar and Laos, Mandom Group has officially established Mandom Vietnam Co., Ltd. The presence of Mandom Vietnam is expected to be able to facilitate the Company in developing Indochina market by making direct export to Vietnam.

Sementara itu, dalam upaya meningkatkan produktivitas personel, Perseroan secara regular mengadakan kegiatan pelatihan, memberi reward dan menyelenggarakan BA/SPG Award. Upaya tersebut terbukti berdampak positif bagi penjualan domestik Perseroan yang dibuktikan dengan adanya peningkatan produktivitas dari Sales Promotion Girl (SPG) dan Beauty Advisor (BA).

Pada masa yang akan datang, Perseroan akan terus memperluas jangkauan distribusi produk-produk Perseroan dengan menambah titik distribusi. Penambahan titik distribusi akan difokuskan di Kawasan Indonesia Timur seiring dengan masih potensialnya pasar di area tersebut. Sementara itu dalam upaya mengejar ketertinggalan akibat berbagai kendala yang dihadapi di tahun lalu, di tahun 2016 Perseroan akan berkonsentrasi pada produk-produk fast moving sehingga produk yang dikeluarkan dapat dengan cepat diserap oleh pasar.

PENJUALAN INTERNASIONALPenjualan ekspor sepanjang tahun 2015 tercatat sebesar Rp 618 miliar atau turun 12,0% dibandingkan tahun sebelumnya. Peristiwa kebakaran yang terjadi di area produksi aerosol Perseroan pada bulan Juli lalu cukup berdampak signifikan pada kinerja penjualan ekspor Perseroan. Maka dari itu, dalam menghadapi berbagai kendala di tahun 2015 beberapa upaya terus dilakukan untuk mempertahankan kinerja penjualan ekspor, salah satunya dengan memperkuat penjualan produk non-aerosol di beberapa negara. Upaya tersebut dibuktikan dengan tumbuhnya beberapa pasar ekspor seperti Malaysia yang tumbuh 25,0%, Thailand tumbuh 40,0%, dan Singapura tumbuh 33,0%. Beberapa produk yang di ekspor ke negara tersebut antara lain PIXY Two Way Cake, GATSBY Hairstyling, Bifesta dan produk lainnya.

Dalam upaya mengembangkan pasar Indochina seperti Vietnam, Kamboja, Myanmar dan Laos, Mandom Group secara resmi telah mendirikan Mandom Vietnam Co., Ltd. Hadirnya Mandom Vietnam diharapkan dapat mempermudah Perseroan dalam mengembangkan pasar Indochina dengan melakukan ekspor langsung

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In addition, the other effort carried out by the Company in strengthening the Indochina market is by introducing PIXY. The characteristic of Indochina market which is almost the same as Indonesian market makes PIXY product to be well accepted in the market.

Meanwhile, due to the fire accident that occurred in the aerosol area, the performance of aerosol product sales which contributed 17.0% to the total export sales has impacted the export sales as a whole. Thus, in order to meet market demand for the products containing aerosol, currently the Company has cooperated with the OEM (Original Equipment Manufacturer) Companies in country and overseas.

For the Company, export sales contribute to the Company’s sales and profits, and constitute a diversification of market risk. In addition, export sales also have an important role in the effort to protect exchange rate risk when Rupiah weakens against US Dollar.

The Company is aware that there are many challenges in the future, therefore various strategies have been prepared by the Company in 2016, including by strengthening the supply of no. 1 products in each country and making an expansion of products by marketing well-received products in the domestic market, to be sold in the export market. With this effort, it is expected that the Company can achieve the target which has been set out effectively and the Company can realize the efforts to achieve the Real Global Company.

DEVELOPMENT OF NEW PRODUCTSThe Company constantly attempts to present products that can meet consumer needs. During the year 2015 the Company has launched several new products including:

Domestic Market

• GATSBYIn an effort to strengthen GATSBY in the Men’s Grooming market, several new and renewal products have been launched, including:1. Skin Care Product

In line with the continued development of men’s skin care market, GATSBY as one of the men’s grooming brands constantly presents the products needed by consumers at present. As such, in 2015 GATSBY has completed its skin care products by launching GATSBY Cooling Face Moisturizer.

ke Vietnam. Selain itu, upaya lain yang dilakukan Perseroan dalam memperkuat pasar Indochina salah satunya dengan memperkenalkan PIXY. Karakteristik pasar Indochina yang hampir sama dengan pasar Indonesia membuat produk PIXY diterima baik di pasar.

Sementara itu, sehubungan dengan terjadinya kebakaran yang terjadi di area aerosol, kinerja penjualan produk aerosol yang berkontribusi 17,0% terhadap total penjualan ekspor berdampak pada penjualan ekspor secara keseluruhan. Untuk itu, dalam upaya memenuhi kebutuhan pasar atas produk yang mengandung aerosol, saat ini Perseroan telah menjalin kerjasama dengan Perusahaan OEM (Original Equipment Manufacturer) di dalam dan luar negeri.

Bagi Perseroan, penjualan ekspor memberikan kontribusi pada penjualan dan keuntungan Perseroan, serta merupakan diversifikasi resiko pasar. Selain itu, penjualan ekspor juga memegang peranan penting dalam upaya melindungi resiko kurs saat terjadi pelemahan Rupiah terhadap Dolar AS.

Perseroan menyadari banyak tantangan yang akan dihadapi di masa yang akan datang, untuk itu berbagai strategi telah disiapkan Perseroan di tahun 2016, diantaranya dengan memperkuat supplai produk-produk no.1 di setiap negara dan melakukan ekspansi produk dengan memasarkan produk-produk yang diterima baik di pasar domestik, untuk dijual di pasar ekspor. Dengan upaya tersebut diharapkan Perseroan dapat mencapai target yang telah ditetapkan secara efektif dan Perseroan dapat mewujudkan upaya mencapai the Real Global Company.

PENGEMBANGAN PRODUK BARUPerseroan senantiasa berupaya menghadirkan produk yang dapat memenuhi kebutuhan konsumen. Sepanjang tahun 2015 Perseroan telah meluncurkan beberapa produk baru antara lain :

Pasar Domestik

• GATSBYDalam upaya memperkuat GATSBY di pasar Men’s Grooming beberapa produk baru dan renewal telah diluncurkan, antara lain:1. Produk Skin Care

Seiring dengan terus berkembangnya pasar skin care pria, GATSBY sebagai salah satu merek men’s grooming senantiasa menghadirkan produk yang dibutuhkan konsumen saat ini. Untuk itu, di tahun 2015 GATSBY telah melengkapi produk skin care-nya dengan meluncurkan GATSBY Cooling Face Moisturizer.

2. Fragrance ProductsCompetition in the Male fragrance market is getting tougher. After GATSBY has again been recorded as the No.1 brand in this category, the Company attempted to strengthen the position of GATSBY by launching new products during the year 2015. Some fragrance products were launched as the theme for strengthening the GATSBY Urban Fragrance series which was successful in the market, such as GATSBY Urban Perfume Body Spray, addition of two variants, GATSBY Urban Cologne Attractive and Atmosphere, as well as addition of mini size of 60ml.

• PIXY

In line with the increasing competition in the cosmetics market, PIXY as one of the biggest cosmetic brands in Indonesia constantly launches new products as well as renewal products every year. In the skin care category, the new product launched is PIXY Facial Scrub Dull-Off Polish, a product which can overcome the problem of dull skin in 3 ways: that is to absorb excessive oil that can cause acne, to remove dead skin cells and to make the face looks brighter.

Meanwhile, for product renewal, PIXY launched PIXY Moisture Lipstick and PIXY Lip Conditioner. In addition to the new and renewal products, PIXY also added several colors to its lipstick variant such as PIXY Moisture Lipstick, PIXY Silky Fit Lipstick and PIXY Lasting Matte Lipstick. These additional colors of lipstick are provided as an effort to meet the consumers’ needs and to adjust with current trend.

Meanwhile, to support the growth of base makeup category, in the year 2015 PIXY provided refills for several of its flagship products such as PIXY UV Whitening Compact Powder Coverlast and PIXY Compact Powder Pure Finish.

• PucelleAs one of the market leaders in the women’s fragrance market, in 2015 the Company has launched the newest Pucelle product that is Pucelle Pink Me. With the refreshing fragrance and packed in a colorful package, this product is targeted to female teenage consumers.

• Glazelle de PucelleTo strengthen the position of Glazelle de Pucelle in the adult female fragrance market, in 2015 the Company has launched two variants of Glazelle de Pucelle Eau De Parfume that is Royal Amethyst and Sparkling Citrine as the replacements for Passion Ruby and Graceful Emerald variants.

2. Produk FragrancePersaingan di pasar male fragrance semakin ketat. Setelah GATSBY tercatat kembali sebagai merek No.1 dikategori ini, Perseroan berupaya memperkuat posisi GATSBY dengan meluncurkan produk baru sepanjang tahun 2015. Tercatat beberapa produk fragrance baru sebagai tema penguatan seri GATSBY Urban Fragrance yang sukses di pasar, seperti GATSBY Urban Perfume Body Spray, penambahan dua varian GATSBY Urban Cologne Attractive dan Atmosphere, serta penambahan ukuran mini 60ml.

• PIXY

Seiring dengan persaingan di pasar kosmetik yang semakin ketat, PIXY sebagai salah satu merek kosmetik terkemuka di Indonesia senantiasa mengeluarkan produk baru maupun renewal setiap tahunnya. Di kategori skin care, produk baru yang diluncurkan adalah PIXY Facial Scrub Dull-Off Polish yaitu produk yang mampu mengatasi masalah kulit kusam dengan 3 cara, yaitu menyerap kelebihan minyak yang dapat menyebabkan komedo, mengangkat sel kulit mati dan membuat wajah tampak lebih cerah.

Sementara untuk pembaharuan produk (renewal), PIXY meluncurkan PIXY Moisture Lipstick dan PIXY Lip Conditioner. Selain produk baru dan renewal, PIXY juga menambah beberapa warna pada varian lipstiknya seperti pada produk PIXY Moisture Lipstick, PIXY Silky Fit Lipstick dan PIXY Lasting Matte Lipstick. Penambahan warna pada lipstik ini dilakukan sebagai upaya memenuhi kebutuhan konsumen dan menyesuaikan dengan tren saat ini.

Sementara itu, untuk mendukung pertumbuhan kategori base makeup, di tahun 2015 PIXY menyediakan refill dari beberapa produk unggulannya seperti PIXY UV Whitening Compact Powder Coverlast dan PIXY Compact Powder Pure Finish.

• PucelleSebagai salah satu market leader di pasar fragrance wanita, di tahun 2015 Perseroan telah mengeluarkan produk Pucelle terbaru yaitu Pucelle Pink Me. Dengan keharuman yang menyegarkan dan dikemas dengan kemasan yang colorful, produk ini menyasar konsumen remaja wanita.

• Glazelle de PucelleUntuk memperkuat posisi Glazelle de Pucelle di pasar fragrance wanita dewasa, di tahun 2015 Perseroan meluncurkan dua varian Glazelle de Pucelle Eau De Parfum yaitu Royal Amethyst dan Sparkling Citrine sebagai pengganti varian Passion Ruby dan Graceful Emerald.

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• Mandom Body Spray FemmeIn order to strengthen the position in the female fragrance market, in 2015 the Company has launched a new product that is Mandom Body Spray Femme with five fragrances, namely, Virtue, Bouquet, Pretty, Pleasant and Inspire.

• HerminaIn cooperation with Hermina Hospital Group, in 2015 the Company launched new products under the health care category that is Hermina Hand Sanitizer and Hermina Feminine Hygiene. This launching of product under the health care category is to expand the business and to increase the Company’s product diversification.

Total new products launched by the Company during 2015 for the domestic market are 88 SKU’s, and 15 SKU’s for the renewal/replacement products.

EXPORT PRODUCTS

In an effort to strengthen the performance of export market, during 2015 the Company has launched several new and renewal products.

For the Indochina markets such as Cambodia and Laos, the Company has launched a new product under the hair styling category that is GATSBY Styling Wax. For the Thailand and Taiwan markets the development of new products is more focused on face care product especially Bifesta brand. Meanwhile, for the Malaysian, Singapore, South Korea, Middle East and Indian markets, products launched were quite varied including hairstyling, face care and fragrance.

The total new products as well as renewal products launched during 2015 for the export market was 75 SKU’s, while the total renewal/replacement product was 42 SKU’s.

So, the total new, renewal as well as replacement products launched by the Company during 2015 was 220 SKU’s.

ADVERTISEMENT AND PROMOTIONAdvertisement and promotion activities for several Company’s brands such as GATSBY, PIXY and Pucelle were quite active during 2015. This effort was made in order to strengthen the position of Company’s products in the midst of increasing market competition. In the year 2015, GATSBY continued a campaign activity with the tagline TOTAL MEN STYLE to convey the message to the target consumers that GATSBY is positioned as a Total Men’s Grooming Brand. This tagline is in line with the GATSBY product line which presents various product variants of men’s personal care. The

• Mandom Body Spray FemmeUntuk memperkuat posisi di pasar fragrance wanita, di tahun 2015 Perseroan meluncurkan produk baru yaitu Mandom Body Spray Femme dengan lima keharuman, yaitu Virtue, Bouquet, Pretty, Pleasant dan Inspire.

• HerminaBekerja sama dengan Hermina Hospital Group, di tahun 2015 Perseroan meluncurkan produk di kategori health care yaitu Hermina Hand Sanitizer dan Hermina Feminine Hygiene. Peluncuran produk di kategori health care ini bertujuan untuk memperluas bisnis dan meningkatkan diversifikasi produk Perseroan.

Adapun total produk baru yang telah diluncurkan Perseroan sepanjang tahun 2015 untuk pasar domestik sebanyak 88 SKU, sementara untuk produk renewal/replace sebanyak 15 SKU. PRODUK EKSPOR

Dalam upaya memperkuat kinerja pasar ekspor, sepanjang tahun 2015 Perseroan telah meluncurkan beberapa produk baru maupun renewal.

Untuk pasar Indochina seperti Kamboja dan Laos, Perseroan telah meluncurkan produk baru di kategori hair styling yaitu GATSBY Styling Wax. Untuk pasar Thailand dan Taiwan pengembangan produk baru lebih difokuskan pada produk face care khususnya merek Bifesta. Sementara itu, untuk pasar Malaysia, Singapura, Korea Selatan, Timur Tengah dan India, beberapa produk yang diluncurkan cukup bervariasi mulai dari hairstyling, face care hingga fragrance.

Adapun total produk baru maupun renewal yang diluncurkan sepanjang tahun 2015 untuk pasar ekspor adalah sebanyak 75 SKU, sementara produk renewal/replace sebanyak 42 SKU.

Dengan demikian total produk baru, renewal maupun replace yang telah diluncurkan Perseroan sepanjang tahun 2015 sebanyak 220 SKU. IKLAN DAN PROMOSIAktivitas iklan dan promosi beberapa merek Perseroan seperti GATSBY, PIXY dan Pucelle cukup aktif dilakukan di tahun 2015. Upaya ini dilaksanakan dalam rangka memperkuat posisi produk-produk Perseroan di tengah persaingan pasar yang semakin ketat. Di tahun 2015, GATSBY melanjutkan aktivitas campaign dengan tagline TOTAL MEN STYLE untuk menyampaikan pesan kepada para target konsumen bahwa GATSBY memposisikan sebagai Total Men’s Grooming Brand. Tagline ini sesuai dengan lini produk GATSBY yang menghadirkan berbagai varian produk personal

above the line activities were carried out by displaying several TV Commercials (TVC) at the national television stations for products which become the main focus such as GATSBY Skin Tonic Cooling Face Wash and GATSBY Styling Wax. In addition to the launching of TVC, the above the line activities were also conducted through printed ads and POP (Point of Purchase).

In addition to the above the line activities, GATSBY also actively performed below the line activities through the holding of several activities such as an annual GATSBY Dance Competition event which is a GATSBY annual event to search for talented dancers who will then be sent to Japan to participate in the GATSBY Dance Asia Grand Final and GATSBY Commercial Movie (CM) Award which is an annual GATSBY competition to search for talented young film makers. GATSBY also made innovations by carrying out new marketing activities such as the organizing of GATSBY Soopertrip, a photo competition in the social media organized to introduce GATSBY Skin Tonic Cooling Face Wash in cooperation with the popular site Sooperboy.com. Further, in April, GATSBY Indonesia in cooperation with Alfamart organized an in-store promo with the headline Handsome Indonesia (Indonesia Ganteng). This event was organized to further introduce GATSBY Styling Wax. Through one of its products ie. GATSBY Styling Pomade, at the end of 2015, GATSBY held an event under the name GATSBY 1st Barbers Competition, an event held first time in Indonesia and succeeded in inviting 273 barbershops in the Jabodetabek area to participate in this competition.

In addition, GATSBY also used out-of-home advertising through Cinema Ads at the BlitzMegaplex and commuter-line branding in the Commuter Line train network as an alternative media.

Meanwhile, as an effort to strengthen the position of PIXY as a cosmetic product with Japanese concept for teenagers, PIXY is active in carrying out various advertisement and promotion activities in 2015. The above the line activities were carried out through the display of TVC on PIXY BB Cream and PIXY Two Way Cake Perfect Fit in various national TV stations and youtube. Meanwhile, in relation to the below the line activities, during 2015 PIXY organized various activities targeted to young girls, such as PIXY Beauty Career Goes to Campus where PIXY conducted a roadshow to various campuses to educate the female students in order to be ready to enter the workforce. In addition, PIXY also held PIXY Young Inspiring Award, which is a competition to seek young ladies who are able to inspire their environment, Beauty Fair held in Bandung City, and lastly PIXY also held PIXY Perfect Surprise which is a promotional activity aiming to increase consumer buying intention

care pria. Aktivitas above the line dilakukan dengan menayangkan beberapa TV Commercial (TVC) di stasiun televisi nasional untuk produk yang menjadi fokus utama seperti GATSBY Skin Tonic Cooling Face Wash dan GATSBY Styling Wax. Selain peluncuran TVC, kegiatan above the line juga dilakukan dengan pemasangan print ad hingga material POP (Point of Purchase). Selain kegiatan above the line, GATSBY juga secara aktif melakukan kegiatan below the line melalui penyelenggaraan beberapa kegiatan seperti acara tahunan GATSBY Dance Competition yang merupakan acara tahunan GATSBY dalam mencari dancer berbakat yang nantinya akan dikirimkan ke Jepang dalam GATSBY Dance Asia Grand Final dan GATSBY Commercial Movie (CM) Award yaitu kompetisi tahunan GATSBY dalam pencarian sineas muda berbakat. GATSBY juga berinovasi dengan melakukan aktivitas-aktivitas marketing yang baru seperti penyelenggaraan GATSBY Soopertrip, sebuah photo competition di media sosial yang diselenggarakan untuk memperkenalkan GATSBY Skin Tonic Cooling Face Wash bekerja sama dengan situs populer Sooperboy.com. Selanjutnya, pada bulan April, GATSBY Indonesia bekerja sama dengan Alfamart menyelenggarakan in-store promo yang bertajuk Indonesia Ganteng. Event ini diselenggarakan untuk lebih memperkenalkan GATSBY Styling Wax. Melalui salah satu produknya yaitu GATSBY Styling Pomade, pada akhir tahun 2015 lalu, GATSBY menyelenggarakan sebuah event dengan nama GATSBY 1st Barbers Competition, sebuah event yang digelar pertama kali di Indonesia berhasil mengajak 273 barbershop di daerah Jabodetabek untuk ikut serta dalam kompetisi ini.

Selain itu, GATSBY juga menggunakan out-of-home advertising melalui Cinema Ads di BlitzMegaplex dan commuter-line branding pada jaringan kereta Commuter Line sebagai media alternatif.

Sementara itu, sebagai upaya memperkuat posisi PIXY sebagai produk kosmetik berkonsep Jepang bagi anak muda, PIXY aktif melakukan berbagai aktivitas iklan dan promosi di tahun 2015. Aktivitas above the line dilakukan melalui penayangan TVC PIXY BB Cream dan PIXY Two Way Cake Perfect Fit di berbagai TV nasional dan juga youtube. Sementara itu dalam hal kegiatan below the line, sepanjang tahun 2015 PIXY menyelenggarakan berbagai kegiatan yang menargetkan wanita muda, seperti PIXY Beauty Career Goes to Campus dimana PIXY melakukan roadshow ke berbagai kampus dalam mengedukasi mahasiswi agar siap menghadapi dunia kerja. Selain itu PIXY juga menyelenggarakan PIXY Young Inspiring Award yaitu kompetisi pencarian wanita muda yang mampu menginspirasi lingkungan sekitarnya, Beauty Fair yang diadakan di Kota Bandung, dan yang terakhir PIXY juga menyelenggarakan PIXY Perfect Surprise yaitu kegiatan promosi

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particularly for PIXY Two Way Cake products. The lucky consumer could win various prizes namely 1 Honda Brio car, 12 Honda Scoopy motorcycle, and 120 Gold Bars each weighed 3 grams.

For Pucelle brand, activities were more focused on the below the line by holding a Pucelle Goes to School event in cooperation with GADIS magazine. This promotional activity was in line with the launching of Pucelle Pink Me product which is targeted to the female teenage market.

CAPITAL STRUCTURE AND CAPITAL STRUCTURE POLICYIn 2015 the structure of Company’s capital was comprised of 82.4% equity and 17.6% liabilities. The liabilities to equity ratio decreased from 48.8% in 2014 to 21.4% in 2015. This decrease was mainly due to payment of bank loans in the amount of Rp 181 billion in 2015.

In 2014 the Company obtained financing from banks due to the needs for increasing the Company’s funding. The loans to equity ratio was recorded at 14.0% on December 31, 2014. The Company has settled all its bank loan obligations thus the loans to equity ratio at December 31, 2015 was zero.The Company constantly monitors the capital structure with the calculation of loans to equity ratio. For the Company, internal financing has always been prioritized to fund business needs and Company developments.

DIVIDEND POLICYThe Company’s dividend policy is being evaluated and adjusted annually toward the Company’s financial condition and expansion plan.

The determination of dividend value considers the net income, the Company’s financial condition, as well as investment and expansion plans. The Company’s dividend policy for the 2015 financial year is to distribute dividend of Rp 410 per share with pay out ratio of 15.0% to net income. The ratio is significantly below the previous year’s ratio. This was due to the net income recorded in 2015 was also contributed by the profit of the sale of the Company’s land, office building and factory in Sunter, North Jakarta. The Company will propose the payment of dividend as the said policy in the Annual General Meeting of Shareholders for the 2015 financial year.

PIXY yang bertujuan untuk meningkatkan buying intention dari konsumen PIXY khususnya untuk produk PIXY Two Way Cake. Konsumen yang beruntung akan mendapatkan berbagai hadiah menarik berupa 1 buah mobil Honda Brio, 12 motor Honda Scoopy, dan 120 logam mulia masing-masing sebesar 3 gram.

Sementara untuk merek Pucelle kegiatan lebih difokuskan pada below the line dengan menyelenggarakan Pucelle Goes to School yang bekerja sama dengan majalah GADIS. Kegiatan promosi ini seiring dengan peluncuran produk Pucelle Pink Me yang menargetkan pasar remaja wanita.

STRUKTUR PERMODALAN DAN KEBIJAKAN STRUKTUR PERMODALANDi tahun 2015 struktur permodalan Perseroan terdiri dari 82,4% ekuitas dan 17,6% liabilitas. Rasio liabilitas terhadap ekuitas menurun dari 48,8% di tahun 2014 menjadi 21,4% di tahun 2015. Penurunan ini terutama disebabkan oleh utang bank yang telah dilunasi sebesar Rp 181 miliar di tahun 2015.

Di tahun 2014 Perseroan memperoleh pembiayaan dari perbankan sehubungan dengan adanya kebutuhan untuk meningkatkan pendanaan Perseroan. Rasio pinjaman terhadap ekuitas tercatat sebesar 14,0% pada 31 Desember 2014. Perseroan telah menyelesaikan seluruh kewajiban pinjaman perbankan sehingga rasio pinjaman terhadap ekuitas pada 31 Desember 2015 tercatat nihil.Perseroan senantiasa memonitor struktur permodalan dengan perhitungan rasio pinjaman terhadap ekuitas. Bagi Perseroan, pembiayaan internal senantiasa diprioritaskan untuk mendanai kebutuhan usaha dan pengembangan Perseroan.

KEBIJAKAN DIVIDENKebijakan dividen Perseroan setiap tahunnya ditinjau dan disesuaikan dengan kondisi keuangan dan rencana pengembangan Perseroan.

Penentuan nilai dividen dilakukan dengan mempertimbangkan laba bersih, kondisi keuangan Perseroan, serta rencana investasi dan pengembangan yang akan dilakukan Perseroan. Kebijakan dividen Perseroan untuk dividen tahun buku 2015 adalah membagikan dividen sebesar Rp 410 per saham dengan pay out ratio 15,0% dari laba bersih. Rasio ini jauh lebih kecil dibanding tahun sebelumnya. Hal ini dikarenakan pada tahun 2015 Perseroan mencatatkan laba dari hasil penjualan tanah, bangunan kantor dan pabrik di Sunter, Jakarta Utara. Perseroan akan mengusulkan pembagian dividen sesuai kebijakan tersebut pada Rapat Umum Pemegang Saham Tahunan Tahun Buku 2015.

Tahun Buku

Tanggal PembayaranDividen

Dividenper Saham (Rp)

Jumlah Sahamyang Dikeluarkan

Nilai Dividen(Rp Juta)

Laba Bersih(Rp Juta)

Dividen Terhadap LabaBersih Setelah Pajak (%)

Financial Year

DividendDistribution Date

Dividendper Share (Rp)

Total IssuedShare

Dividend Value

(Rp Million)Net income(Rp Million)

Dividend Againts Net Income After Tax (%)

2013 5 Juni 2014 370 201.066.667 74.395 150.536 *) 49,4 *)

2014 27 Mei 2015 390 201.066.667 78.416 175.829 *) 44,6 *)

2015 24 Mei 2016 410(rencana/planned) 201.066.667 82.437 544.474 15,1

TARGET for 2016Year 2015 was a quite difficult year for the Company. Therefore, the Company has determined that year 2016 is the year where the Company would make recovery in order to rise again and achieve its targets. Year 2015 is the second year of the 3-year Middle Range Management Planning, (MID-4) and would end in 2016. The theme during this MID-4 is “Become the Real Global Company” where the sales target is set at Rp 3 trillion at the end of the closing of MID-4 in 2016. However, this plan has to be postponed until 2017 because in 2016 the Company will focus on the recovery and tidying up in order to reach the big target in 2017. To reach this, the Company has set the target of double digit sales growth each year while the net income will continue to be maintained to grow compared with the previous year.

In the future, the Company will continue to increase its productivity, develop new products, minimize production cost, add advertising and promotional activities, extend distribution areas both domestic and export, increase the personnel’s skills, as well as improve the quality and system of production.

MATERIAL INFORMATIONSale of the Company’s Land, Office Building and FactoryIn 2015 the Company has completed the transaction of sale of land, office building and factory at Jalan Yos Sudarso By Pass, Sunter, North Jakarta. On December 1, 2014 the Company has entered into a Sale and Purchase Commitment Agreement (PPJB) with PT Temas Lestari. The transaction proceeds from the sale of land and building is Rp 500 billion (excluding VAT) and the signing of Deed of Sale and Purchase (AJB) has been done on June 29, 2015 followed by payment of the object of transaction.

Members of the Board of Commissioners and Board of Directors as well as the Major Shareholders of the Company do not have any affiliated relationship with PT Temas Lestari.

TARGET 2016Tahun 2015 adalah tahun yang cukup berat bagi Perseroan. Untuk itu, tahun 2016 ditetapkan oleh Perseroan sebagai tahun dimana Perseroan akan melakukan pemulihan untuk bisa bangkit dan kembali meraih target-target Perseroan. Tahun 2015 adalah tahun kedua dari periode Rencana Manajemen Jangka Menengah 3-Tahun yang ke-4 (MID-4) dan akan berakhir di tahun 2016. Tema selama periode MID-4 ini adalah “Mewujudkan The Real Global Company” dimana target penjualan ditetapkan sebesar Rp 3 triliun pada akhir penutupan MID-4 di tahun 2016. Namun demikian, rencana ini harus mundur ke tahun 2017 karena di tahun 2016 Perseroan akan fokus pada usaha pemulihan dan pembenahan untuk bisa mencapai target besar tersebut di tahun 2017. Untuk mencapainya, Perseroan menargetkan pertumbuhan penjualan double digit setiap tahunnya sementara laba bersih akan terus dipertahankan untuk tumbuh dibanding tahun sebelumnya.

Di masa yang akan datang, Perseroan akan senantiasa meningkatkan produktivitas, mengembangkan produk baru, menekan biaya produksi, menambah aktivitas kegiatan iklan dan promosi, memperluas area distribusi baik domestik maupun ekspor, meningkatkan skill personel, serta kualitas dan sistem produksi.

INFORMASI MATERIALPenjualan Tanah, Bangunan Kantor dan Pabrik PerseroanDi tahun 2015 Perseroan telah menyelesaikan transaksi penjualan tanah, bangunan kantor dan pabrik di Jalan Yos Sudarso By Pass, Sunter, Jakarta Utara. Pada tanggal 1 Desember 2014 Perseroan telah mengadakan Perjanjian Pengikatan Jual Beli (PPJB) dengan PT Temas Lestari. Nilai transaksi dari penjualan tanah dan bangunan ini sebesar Rp 500 miliar (tidak termasuk PPN) dan penanda-tanganan Akta Jual Beli (AJB) telah dilakukan pada tanggal 29 Juni 2015 diikuti dengan pelunasan pembayaran atas objek transaksi tersebut.

Anggota Dewan Komisaris dan Direksi serta Pemegang Saham Utama Perseroan tidak memiliki hubungan afiliasi dengan PT Temas Lestari. Anggota Dewan Komisaris, Direksi,

Nilai dividen selama 2 tahun terakhir:

*) Disajikan kembali/ As restated

Dividend value for the past 2 years :

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Members of the Board of Commissioners, Board of Directors, as well as Major Shareholders of the Company do not have any conflict of interest and economic relationship in the transactions of Sales of Land, Office Building and Factory of the Company located in Sunter. Therefore, the Transaction of Sales of Land, Office Building and Factory of the Company located in Sunter does not constitute a conflict of interest transaction as prescribed in the Regulation of Bapepam and LK Number IX.E.I, Attachment to Decision of the Chairman of Bapepam and LK Number: Kep-412/BL/2009 dated November 25, 2009 on Affiliated Transactions and Conflict of Interests in Certain Transactions.

As mentioned above, the value of transaction is Rp 500 billion. Based on the Company’s Financial Report as of December 31, 2013 which has been audited by Osman Bing Satrio & Eny Public Accountant Office and was given unqualified opinion number GA114 0077 MI AI, on March 5, 2014, the amount of Company’s equity as at December 31, 2013 was Rp 1,183 billion. Therefore, the value of transaction did not exceed 50% of the Company’s equity. Regarding this matter, the Company had submit report to OJK and BEI through letter number 196/SEKR/TH/XII/14 dated December 1, 2014.

The value of such transaction also did not exceed 50% of the Company’s equity based on the Company’s Financial Report as of December 31, 2014 which has been audited by Osman Bing Satrio & Eny Public Accountant Office and was given an unqualified opinion number GA115 0077 MI AI, on March 5, 2015 where the amount of Company’s equity as at December 31, 2014 was Rp 1,284 billion. Regarding this matter, the Company had submit report to OJK and BEI through letter number 169/SEKR/MA/VII/15 dated July 1, 2015.

Pursuant to article 2 sub-article a of Regulation of Bapepam and LK No. IX.E.2 Attachment to Decision of the Chairman of Bapepam and LK Number: Kep-614/BL/2011 dated November 28, 2011, concerning Material Transactions and Changes in Main Business Activities, the Transaction of Sale of Land, Office Building and Factory of the Company located in Sunter does not require approval of a General Meeting of Shareholders (GMS). However, it must meet some provisions including announcing the information concerning such Material Transaction in at least one daily newspaper in Indonesian language circulating nationally. The Company has fulfilled this requirement by putting an advertisement of information transparency at the Investor Daily Newspaper on Wednesday dated July 1, 2015 and has been submitted to the Financial Services Authority (OJK) and Indonesia Stock Exchange (BEI) by letter Number 170/SEKR/ad/VII/15 dated July 1, 2015.

maupun Pemegang Saham Utama Perseroan tidak memiliki benturan kepentingan dan hubungan ekonomis dalam transaksi Penjualan Tanah, Bangunan Kantor dan Pabrik Perseroan yang berlokasi di Sunter. Oleh karena itu, Transaksi Penjualan Tanah, Bangunan Kantor dan Pabrik Perseroan yang berlokasi di Sunter tidak merupakan transaksi benturan kepentingan sebagaimana ditentukan dalam Peraturan Bapepam dan LK Nomor IX.E.I, Lampiran Keputusan Ketua Bapepam dan LK Nomor: Kep-412/BL/2009 tanggal 25 Nopember 2009 tentang Transaksi Afiliasi dan Benturan Kepentingan Transaksi Tertentu.

Seperti telah disampaikan di atas, nilai transaksi adalah sebesar Rp 500 miliar. Sesuai dengan Laporan Keuangan Perseroan per tanggal 31 Desember 2013 yang telah diaudit oleh Kantor Akuntan Publik Osman Bing Satrio & Eny dan diberikan opini wajar tanpa pengecualian nomor GA114 0077 MI AI, tanggal 5 Maret 2014, jumlah ekuitas Perseroan pada tanggal 31 Desember 2013 adalah sebesar Rp 1.183 miliar. Oleh karena itu, nilai transaksi tidak melebihi 50% dari ekuitas Perseroan. Mengenai hal ini telah disampaikan ke OJK dan BEI melalui surat Perseroan nomor 196/SEKR/TH/XII/14 tanggal 1 Desember 2014.

Nilai transaksi tersebut juga tidak melebihi 50% dari ekuitas Perseroan berdasarkan Laporan Keuangan Perseroan per tanggal 31 Desember 2014 yang telah diaudit oleh Kantor Akuntan Publik Osman Bing Satrio & Eny dan diberikan opini wajar tanpa pengecualian nomor GA115 0077 MI AI, tanggal 5 Maret 2015 dimana jumlah ekuitas Perseroan pada tanggal 31 Desember 2014 adalah sebesar Rp 1.284 miliar. Mengenai hal ini telah disampaikan ke OJK dan BEI melalui surat Perseroan nomor 169/SEKR/MA/VII/15 tanggal 1 Juli 2015.

Sesuai ketentuan angka 2 huruf a Peraturan Bapepam dan LK No. IX.E.2 Lampiran Keputusan Ketua Bapepam dan LK Nomor: Kep-614/BL/2011 tertanggal 28 November 2011, mengenai Transaksi Material dan Perubahan Kegiatan Usaha Utama, Transaksi Penjualan Tanah, Bangunan Kantor dan Pabrik Perseroan yang berlokasi di Sunter tidak diwajibkan untuk memperoleh persetujuan Rapat Umum Pemegang Saham (RUPS). Namun wajib memenuhi beberapa ketentuan termasuk mengumumkan informasi mengenai Transaksi Material dalam paling sedikit satu surat kabar harian berbahasa Indonesia yang berperedaran nasional. Perseroan telah memenuhinya dengan memuat iklan keterbukaan informasi di Harian Investor Daily hari Rabu tanggal 1 Juli 2015 dan telah disampaikan ke OJK dan BEI melalui surat Nomor 170/SEKR/ad/VII/15 tertanggal 1 Juli 2015.

AMENDMENTS TO THE LAWS AND REGULATIONSDuring 2015 there was no amendment to laws and regulations which have significant impacts on the Company’s business activities as well as the financial report.

AMENDMENTS TO THE ACCOUNTING POLICYDuring 2015 there was no amendment to the accounting policy for the financial report.

PERUBAHAN PERATURAN PERUNDANG-UNDANGANSelama tahun 2015 tidak ada perubahan peraturan perundang-undangan yang berpengaruh signifikan terhadap kegiatan usaha Perseroan maupun laporan keuangan.

PERUBAHAN KEBIJAKAN AKUNTANSISelama tahun 2015 tidak ada perubahan kebijakan akuntansi bagi laporan keuangan.

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Tata Kelola perusahaanCorporate Governance

TATA KELOLA PERUSAHAAN

RAPAT UMUM PEMEGANG SAHAM Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) dan Rapat Umum Pemegang Saham Tahunan (RUPST) di tahun 2015 diadakan pada hari Kamis tanggal 23 April 2015 di Gedung Kantor Perseroan, Jl. Yos Sudarso Bypass, Jakarta Utara. Ringkasan Risalah RUPSLB dan RUPST telah dipublikasikan dalam surat kabar harian Bisnis Indonesia dan Media Indonesia pada tanggal 27 April 2015 dan juga tersedia dalam website Perseroan.

Dalam RUPSLB tersebut para Pemegang Saham telah memberikan persetujuan atas hal-hal sebagai berikut:1. a. menyetujui penyesuaian Pasal 11

tentang RUPS, Pasal 12 tentang RUPS Tahunan, Pasal 13 tentang RUPS Luar Biasa, Pasal 14 tentang Tempat, Pengumuman, Pemanggilan, dan Waktu Penyelenggaraan RUPS, Pasal 15 tentang Pimpinan dan Berita Acara RUPS, dan Pasal 16 tentang Kuorum Kehadiran, Hak Suara, dan Keputusan RUPS menjadi Pasal 11 sampai dengan Pasal 47 sebagai hasil penyesuaian dengan ketentuan-ketentuan sebagaimana dimuat dalam:

Peraturan Otoritas Jasa Keuangan No. 32/POJK.04/2015 tentang Rencana dan Penyelenggaraan Rapat Umum Pemegang Saham, tertanggal 8 Desember 2014, dan perubahan-perubahan lainnya sehubungan dengan adanya penyesuaian tersebut;

b. menyetujui penyesuaian Pasal 17 tentang Direksi, Pasal 18 tentang Tugas dan Wewenang Direksi, Pasal 19 tentang Rapat Direksi, Pasal 20 tentang Dewan Komisaris, Pasal 21 tentang Tugas dan Wewenang Dewan Komisaris, dan Pasal 22 tentang Rapat Dewan Komisaris menjadi Pasal 48 sampai dengan Pasal 82 sebagai hasil penyesuaian dengan ketentuan-ketentuan sebagaimana dimuat dalam:

i. Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2015 tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik, tertanggal 8 Desember 2014; dan

CORPORATE GOVERNANCE

GENERAL MEETING OF SHAREHOLDERS An Extraordinary General Meeting of Shareholders (EGMS) and an Annual General Meeting of Shareholders (AGMS) in 2015 were held on Thursday 23 April 2015 at the Company’s Office Building, Jl. Yos Sudarso Bypass, North Jakarta. The Summary of EGMS and AGMS has been published in Bisnis Indonesia and Media Indonesia daily newspapers on 27 April 2015 and is also available in the Company’s website.

At the EGMS the shareholders have granted their approval to the following matters:

1. a. to approve the amendment to Article 11 on GMS, Article 12 on Annual GMS, Article 13 on Extraordinary GMS, Article 14 on Venue, Notification, Summons, and Time for Conducting GMS, Article 15 on Chairperson and Minutes of GMS, and Article 16 on Attendance Quorum, Voting Rights, and Resolutions of GMS to become Article 11 up to Article 47 as a result of adjustments with the provisions as contained in:

Regulation of the Financial Services Authority No. 32/POJK.04/2015 on the Plan and Conducting of General Meeting of Shareholders, dated 8 December 2014, as well as other amendments in connection with such adjustment;

b. to approve the amendment to Article 17 on the Board of Directors, Article18 on Duties and Authority of the Board of Directors, Article 19 on the Board of Directors’ Meeting, Article 20 on the Board of Commissioners, Article 21 on Duties and Authority of the Board of Commissioners, and Article 22 on the Board of Commissioners’ Meeting to become Article 48 up to Article 82 as a result of adjustments with the provisions as contained in:

i. Regulation of the Financial Services Authority No. 33/POJK.04/2015 on the Board of Directors and Board of Commissoners of Issuers or Public Companies, dated December 8, 2014; and

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ii. Peraturan Otoritas Jasa Keuangan No. 34/POJK.04/2015 tentang Komite Nominasi dan Remunerasi Emiten atau Perusahaan Publik, tertanggal 8 Desember 2014, dan perubahan-perubahan lainnya sehubungan dengan adanya penyesuaian tersebut,

yang saat mulai berlakunya sejak tanggal terbitnya surat persetujuan perubahan Anggaran Dasar (SP-PAD) untuk perubahan Anggaran Dasar yang tertentu; dan sejak tanggal terbitnya surat penerimaan pemberitahuan perubahan Anggaran Dasar (SPP-PAD) untuk perubahan Anggaran Dasar selain yang tertentu, dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia; dan menyatakan kembali susunan pasal-pasal Anggaran Dasar dan ayat-ayat Anggaran Dasar yang tidak termasuk dalam penyesuaian dan perubahan tersebut di atas, termasuk menyatakan kembali data susunan para Pemegang Saham Perseroan, semuanya sebagaimana dimuat dalam akta berita acara RUPS luar biasa ini;

2. memberi kuasa kepada Direksi Perseroan untuk menandatangani akta yang diperlukan dan untuk mengajukan permohonan persetujuan perubahan Anggaran Dasar kepada Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia untuk memperoleh surat persetujuan perubahan Anggaran Dasar (SP-PAD) untuk perubahan Anggaran Dasar yang tertentu dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia; dan menyampaikan pemberitahuan perubahan Anggaran Dasar kepada Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia untuk memperoleh surat penerimaan pemberitahuan perubahan Anggaran Dasar (SPP-PAD) untuk perubahan Anggaran Dasar selain yang tertentu dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia.

Dalam RUPST tersebut para Pemegang Saham telah memberikan persetujuan atas hal-hal sebagai berikut:

Acara Pertama Rapat1. menyetujui laporan tahunan Perseroan

tahun buku 2014;2. mengesahkan laporan keuangan Perseroan

tahun buku 2014 yang telah diaudit oleh Kantor Akuntan Publik Osman Bing Satrio & Eny (anggota Deloitte Touche Tohmatsu Limited), sebagaimana dimuat dalam Laporan Auditor Independen tanggal 5 Maret 2015 Nomor: GA 115 0077 MI AI dengan pendapat wajar tanpa pengecualian;

ii. Regulation of the Financial Services Authority No. 34/POJK.04/2015 on Committee for the Nomination and Remuneration of Issuers or Public Companies, dated 8 December 2014, and other amendments in relation to such adjustment,

which come into effect as of date of issue of letter of approval of amendment to the Articles of Association (SP-PAD) for certain amendments to the Articles of Association; and as of the issue of letter of receipt of notification of amendments to the Articles of Association (SPP-PAD) for the amendments to the Articles of Association other than certain changes, from the Minister of Law and Human Rights of the Republic of Indonesia; and to restate the structure of articles in the Articles of Association and articles of the Articles of Association which are not included in such adjustments and amendments mentioned abobve, including to restate the data of composition of Company’s Shareholders, all as contained in the deed of minutes of this extraordinary GMS;

2. to authorize the Company’s Board of Directors to sign the required deed and to submit a request for the approval of amendments to the Articles of Association to the Ministry of Law and Human Rights of the Republic of Indonesia to obtain a letter of approval for the amendments to the Articles of Association (SP-PAD) for certain amendments to the Articles of Association from the Minister of Law and Human Rights of the Republic of Indonesia; and to deliver a notice of amendment to the Articles of Association to the Minister of Law and Human Rights of the Republic of Indonesia in order to obtain a letter of receipt of notice of amendments to the Articles of Association (SPP-PAD) for the amendment to the Articles of Association other than certain changes from the Minister of Law and Human Rights of the Republic of Indonesia.

At the AGMS the Shareholders have granted their approval to the following matters:

First Agenda1. to approve the Company’s annual report

for the 2014 financial year;2. to ratify the Company’s financial statements

for the 2014 financial year which have been audited by Osman Bing Satrio & Eny Public Accountant Office (member of Deloitte Touche Tohmatsu Limited), as contained in the Independent Auditor Report dated 5 March 2015 Number: GA115 0077 MI AI with unqualified opinion;

3. mengesahkan laporan tugas pengawasan Dewan Komisaris Perseroan tahun buku 2014; dan

4. memberikan pembebasan dan pelunasan tanggung jawab sepenuhnya (“volledig acquit et décharge”) kepada Direksi Perseroan dalam pelaksanaan tugas dan tanggung jawab atas pengurusan serta tugas dan tanggung jawab mewakili Perseroan; dan kepada Dewan Komisaris Perseroan atas pelaksanaan tugas dan tanggung jawab pengawasan serta tugas dan tanggung jawab pemberian nasihat kepada Direksi Perseroan, membantu Direksi Perseroan, dan pemberian persetujuan kepada Direksi Perseroan, yang dilakukan selama tahun buku 2014, sejauh pelaksanaan tugas dan tanggung jawab tersebut tercermin dalam laporan tahunan Perseroan tahun buku 2014.

Acara Kedua RapatMenyetujui penggunaan laba bersih Perseroan tahun buku 2014, sebesar Rp 174.314.394.101 dengan rincian sebagai berikut:1. a. sebesar Rp 78.416.000.130 atau Rp 390

per saham dibagikan sebagai dividen tunai tahun buku 2014 kepada para Pemegang Saham Perseroan;

b. memberikan kuasa dan wewenang kepada Direksi Perseroan untuk mengatur lebih lanjut mengenai tata cara pembagian dividen tersebut dengan memperhatikan peraturan Bursa Efek Indonesia; dan

2. sisanya sebesar Rp 95.898.393.971 akan dibukukan sebagai laba ditahan untuk kegiatan Perseroan.

Acara Ketiga Rapat1. a. menerima pengunduran diri Sastra Widjaja

selaku Komisaris efektif sejak tanggal 22 September 2014;

b. menerima pengunduran diri Djasman selaku Komisaris Independen; dan menerima pengunduran diri Joko Santoso Wigianto selaku Komisaris Independen, yang saat mulai berlakunya sejak ditutupnya rapat ini;

c. menerima pengunduran diri Takeshi Hibi selaku Presiden Direktur/Chief Executive Officer (CEO); menerima pengunduran diri Hiroaki Yagi selaku Direktur/Direktur Managing Senior; menerima pengunduran diri Yasumasa Yoshida selaku Direktur, yang saat mulai berlakunya sejak ditutupnya rapat ini;

d. mengangkat Muhammad Makmun Arsyad selaku Presiden Direktur/Chief Executive Officer (CEO); mengangkat Norikazu Furubayashi selaku Wakil Presiden Direktur; mengangkat Shinya Nagai selaku Wakil Presiden Direktur; mengangkat Herman Saleh selaku Direktur/Direktur Managing Senior; mengangkat Chin Choon Keng selaku

3. to ratify the report on supervisory duty of the Company’s Board of Commissioners for the 2014 financial year; and

4. to grant full acquittal and discharge (“volledig acquit et décharge”) to the Company’s Board of Directors in the performance of their duties and responsibilities for the management as well as the duties and responsibilities to represent the Company; and to the Company’s Board of Commissioners for the performance of their duties and responsibilities for the supervision of the company and their duties and responsibilities to give advice to the Company’s Board of Directors, to assist the Company’s Board of Directors, and for granting the approval for the Company’s Board of Directors, carried out during the 2014 financial year, as long as such duties and responsibilities are reflected in the Company’s annual report for the 2014 financial year.

Second AgendaTo approve the utilization of Company’s net profits from 2014 financial year, in the amount of Rp174,314,394,101 with the following details:1. a. A total of Rp 78,416,000,130 or Rp

390 per share to be distributed as cash dividends for the 2014 financial year to the Company’s Shareholders;

b. to grant the power and authority to the Company’s Board of Directors to further arrange the method for distribution of dividends taking into account regulations of Indonesian Stock Exchange; and

2. The balance of Rp 95,898,393,971 will be recorded as retained earnings for the Company’s activities.

Third Agenda1. a. to accept the resignation of Sastra

Widjaja as the Commissioner effective 22 September 2014;

b. to accept the resignation of Djasman as an Independent Commissioner, and to accept the resignation of Joko Santoso Wigianto as an Independent Commissioner, which shall be effective as of the closing of this meeting;

c. to accept the resignation of Takeshi Hibi as the President Director/Chief Executive Officer (CEO); to accept the resignation of Hiroaki Yagi as the Director/Senior Managing Director, to accept the resignation of Yasumasa Yoshida as the Director, which shall be effective as of the closing of this meeting;

d. to appoint Muhammad Makmun Arsyad as the President Director/Chief Executive Officer (CEO); to appoint Norikazu Furubayashi as the Vice President Director; to appoint Shinya Nagai as the Vice President Director; to appoint Herman Saleh as the Director/Senior Managing Director; to appoint Chin Choon Keng as the Director/Senior

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Direktur/Direktur Senior; mengangkat Masahiro Ueda selaku Direktur/Direktur Senior; mengangkat Liandhajani selaku Direktur Independen; mengangkat Monalisa Octavia selaku Direktur Independen; dan mengangkat Hiroshi Ito selaku Direktur, yang saat mulai berlakunya sejak ditutupnya rapat ini,

e. mengangkat DR. Marsetio selaku Komisaris Independen; mengangkat Sastra Widjaja selaku Komisaris Independen; dan mengangkat Dr. Bambang Rudyanto selaku Komisaris Independen, yang saat mulai berlakunya sejak ditutupnya rapat ini; sehingga susunan anggota Dewan Komisaris Perseroan dan anggota Direksi Perseroan, dengan susunan sebagai berikut :

Director; to appoint Masahiro Ueda as the Director/Senior Director; to appoint Liandhajani as an Independent Director; to appoint Monalisa Octavia as an Independent Director; and to appoint Hiroshi Ito as the Director, which shall be effective as of the closing of this meeting,

e. to appoint DR. Marsetio as an Independent Commissioner, to appoint Sastra Widjaja as an Independent Commissioner; and to appoint Dr. Bambang Rudyanto as an Independent Commissioner, which shall be effective as of the closing of this meeting; so that the composition of members of the Company’s Board of Commissioners and members of the Company’s Board of Directors shall be as follows:







Shinya Nagai




Masahiro Ueda

DirekturDirector

Tugiyono

DirekturDirector

Sanyata Adi Saputra

DirekturDirector

Tiurma Rondang Sari

DirekturDirector Hideo Yamanaka

DirekturDirector

Effendi Tandi


Liandhajani


Monalisa Octavia


DirekturDirector

Hiroshi Ito









terhitung sejak ditutupnya rapat ini dengan masa jabatan sampai dengan ditutupnya Rapat Umum Pemegang Saham Tahunan Perseroan untuk tahun buku 2015 yang akan dilaksanakan paling lambat pada bulan Juni, dengan tidak mengurangi hak Rapat Umum Pemegang Saham untuk memberhentikannya (-mereka) sewaktu-waktu;

2. memberi kuasa kepada Direksi Perseroan untuk menandatangani akta yang diperlukan yang memuat susunan anggota Dewan Komisaris Perseroan dan anggota Direksi Perseroan sehubungan dengan putusan Rapat ini dan menyampaikan pemberitahuan perubahan data Perseroan kepada Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia untuk memperoleh surat penerimaan pemberitahuan perubahan data Perseroan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia.

Acara Keempat Rapat1. menetapkan besarnya gaji atau honorarium

dan tunjangan bagi semua anggota Dewan Komisaris Perseroan untuk tahun buku 2015 maksimum sebesar Rp 6.000.000.000 setelah dipotong pajak serta memberikan wewenang kepada Presiden Komisaris Perseroan untuk menetapkan pembagian jumlah honorarium tersebut diantara para anggota Dewan Komisaris; dan

2. memberikan wewenang kepada Dewan Komisaris Perseroan untuk menetapkan jumlah maksimum besarnya gaji dan tunjangan dan/atau penghasilan lainnya bagi seluruh anggota Direksi Perseroan untuk tahun buku 2015.

Acara Kelima RapatMengangkat kembali Kantor Akuntan Publik Osman Bing Satrio & Eny (anggota Deloitte Touche Tohmatsu Limited) untuk melakukan audit laporan keuangan Perseroan untuk tahun buku 2015 serta memberi wewenang kepada Direksi Perseroan untuk menetapkan jumlah honorarium dan persyaratan lain pengangkatan

as of the closing of this meeting for a term up to the closing of Company’s Annual General Meeting of Shareholders for the 2015 financial year which will be held at the latest in June, without prejudice to the rights of a General Meeting of Shareholders to discharge them at any time;

2. to grant the power to the Company’s Board of Directors to sign a deed required which contains the composition of members of the Company’s Board of Commissioners and members of the Company’s Board of Directors in relation to the resolutions of this Meeting and to submit a notice of change of Company’s data to the Ministry of Law and Human Rights of the Republic of Indonesia to obtain a letter of receipt of notice of change in Company data from the Minister of Law and Human Rights of the Republic of Indonesia.

Fourth Agenda1. to determine the amount of salaries or

honorariums for all members of the Company’s Board of Commissioners for the year 2015 maximum Rp 6,000,000,000 after tax and to grant the authority to the Company’s Board of Commissioners to determine the distribution of such honorarium among members of the Board of Commissioners; and

2. to grant the authority to the Company’s Board of Commissioners to determine the maximum amount of salaries and allowances and/or other income for all members of the Company’s Board of Directors for the 2015 financial year.

Fifth AgendaTo re-appoint Osman Bing Satrio & Eny Public Accountant Office (member of Deloitte Touche Tohmatsu Limited) to perform audit of the Company’s financial statements for the 2015 financial year and to give the authority to the Company’s Board of Directors to determine the amount of honorarium and other requirements

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terhitung sejak ditutupnya rapat ini dengan masa jabatan sampai dengan ditutupnya Rapat Umum Pemegang Saham Tahunan Perseroan untuk tahun buku 2015 yang akan dilaksanakan paling lambat pada bulan Juni, dengan tidak mengurangi hak Rapat Umum Pemegang Saham untuk memberhentikannya (-mereka) sewaktu-waktu;

2. memberi kuasa kepada Direksi Perseroan untuk menandatangani akta yang diperlukan yang memuat susunan anggota Dewan Komisaris Perseroan dan anggota Direksi Perseroan sehubungan dengan putusan Rapat ini dan menyampaikan pemberitahuan perubahan data Perseroan kepada Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia untuk memperoleh surat penerimaan pemberitahuan perubahan data Perseroan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia.

Acara Keempat Rapat1. menetapkan besarnya gaji atau honorarium

dan tunjangan bagi semua anggota Dewan Komisaris Perseroan untuk tahun buku 2015 maksimum sebesar Rp 6.000.000.000 setelah dipotong pajak serta memberikan wewenang kepada Presiden Komisaris Perseroan untuk menetapkan pembagian jumlah honorarium tersebut diantara para anggota Dewan Komisaris; dan

2. memberikan wewenang kepada Dewan Komisaris Perseroan untuk menetapkan jumlah maksimum besarnya gaji dan tunjangan dan/atau penghasilan lainnya bagi seluruh anggota Direksi Perseroan untuk tahun buku 2015.

Acara Kelima RapatMengangkat kembali Kantor Akuntan Publik Osman Bing Satrio & Eny (anggota Deloitte Touche Tohmatsu Limited) untuk melakukan audit laporan keuangan Perseroan untuk tahun buku 2015 serta memberi wewenang kepada Direksi Perseroan untuk menetapkan jumlah honorarium dan persyaratan lain pengangkatan Kantor Akuntan Publik tersebut.

Seluruh keputusan RUPSLB dan RUPST telah dilaksanakan dengan baik termasuk pembagian dividen tahun buku 2014 yang dilaksanakan pada tanggal 27 Mei 2014.

DEWAN KOMISARISDewan Komisaris bertugas melakukan pengawasan dan bertanggung jawab atas pengawasan terhadap kebijakan pengurusan, jalannya pengurusan pada umumnya maupun usaha Perseroan, dan memberi nasihat kepada Direksi. Dalam menjalankan tugasnya, Dewan Komisaris berkomunikasi secara rutin dengan Direksi dan komite-komite yang berada di bawah pengawasannya yaitu Komite Audit dan Komite Nominasi dan Remunerasi.

as of the closing of this meeting for a term up to the closing of Company’s Annual General Meeting of Shareholders for the 2015 financial year which will be held at the latest in June, without prejudice to the rights of a General Meeting of Shareholders to discharge them at any time;

2. to grant the power to the Company’s Board of Directors to sign a deed required which contains the composition of members of the Company’s Board of Commissioners and members of the Company’s Board of Directors in relation to the resolutions of this Meeting and to submit a notice of change of Company’s data to the Ministry of Law and Human Rights of the Republic of Indonesia to obtain a letter of receipt of notice of change in Company data from the Minister of Law and Human Rights of the Republic of Indonesia.

Fourth Agenda1. to determine the amount of salaries or

honorariums for all members of the Company’s Board of Commissioners for the year 2015 maximum Rp 6,000,000,000 after tax and to grant the authority to the Company’s Board of Commissioners to determine the distribution of such honorarium among members of the Board of Commissioners; and

2. to grant the authority to the Company’s Board of Commissioners to determine the maximum amount of salaries and allowances and/or other income for all members of the Company’s Board of Directors for the 2015 financial year.

Fifth AgendaTo re-appoint Osman Bing Satrio & Eny Public Accountant Office (member of Deloitte Touche Tohmatsu Limited) to perform audit of the Company’s financial statements for the 2015 financial year and to give the authority to the Company’s Board of Directors to determine the amount of honorarium and other requirements for the appointment of such Public Accountant Office. All resolutions of the EGMS and AGMS have been carried out properly including the distribution of dividends for the 2014 financial year which was made on 27 May 2014.

BOARD OF COMMISSIONERSThe Board of Commissioners is in charge of performing supervision and is responsibile for the supervision of management policies, management in general as well as Company’s business, and to provide advice to the Board of Directors. In carrying out its duties, the Board of Commissioners regularly communicates with the Board of Directors and the committees under its supervision, namely Audit Committee and Nomination and Remuneration Committee.

Sesuai dengan Pasal 82 ayat 3 Anggaran Dasar Perseroan dan Pasal 35 Peraturan Otoritas Jasa Keuangan Nomor 33/POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik, Dewan Komisaris telah memiliki Pedoman dan Tata Tertib Kerja Dewan Komisaris. Pedoman dan Tata Tertib Kerja Dewan Komisaris disusun sebagai pedoman untuk mempermudah Dewan Komisaris Perseroan dalam memahami tugas dan tanggung jawab, hak dan kewajiban, dan peraturan-peraturan yang terkait dengan tata kerja Dewan Komisaris. Pedoman sebagaimana dimaksud secara lengkap telah dimuat dalam situs web Perseroan.

Anggota Dewan Komisaris Perseroan berjumlah 6 (enam) orang termasuk diantaranya 3 (tiga) orang Komisaris Independen dimana penunjukan Komisaris Independen Perseroan telah memenuhi syarat sesuai dengan ketentuan Peraturan Badan Pengawas Pasar Modal dan Lembaga Keuangan (Bapepam LK) Nomor : IX.I.5, Lampiran Keputusan Ketua Bapepam LK Nomor : Kep-643/BL/2012 tanggal 7 Desember 2012 tentang Pembentukan dan Pedoman Pelaksanaan Kerja Komite Audit. Anggota Dewan Komisaris diusulkan oleh Pemegang Saham Utama dan diangkat oleh RUPS. Dengan telah dibentuknya Komite Nominasi dan Remunerasi, pemilihan anggota Dewan Komisaris juga memperhatikan rekomendasi dari Komite Nominasi dan Remunerasi. Profil anggota Dewan Komisaris dapat dilihat pada bagian Profil Perusahaan di Laporan Tahunan ini.

Ketentuan mengenai Rapat Dewan Komisaris diatur dalam Anggaran Dasar Perseroan yaitu Dewan Komisaris wajib mengadakan rapat paling kurang 1 (satu) kali dalam 2 (dua) bulan. Selain itu, Dewan Komisaris juga mengadakan rapat bersama dengan Direksi yang secara berkala dilakukan paling kurang 1 (satu) kali dalam 4 (empat) bulan. Dewan Komisaris juga menghadiri Rapat Gabungan Direksi dan Dewan Komisaris yang secara berkala diadakan paling kurang 1 (satu) kali dalam 4 (empat) bulan.

Selama tahun 2015 telah dilaksanakan Rapat Dewan Komisaris dan Rapat Gabungan Dewan Komisaris dan Direksi masing-masing sebanyak 5 (lima) kali. Selain itu, Dewan Komisaris menerbitkan 8 (delapan) keputusan sirkular yang mempunyai kekuatan sama dengan keputusan yang diambil secara sah dalam Rapat Dewan Komisaris. Dewan Komisaris juga rutin menghadiri Rapat Direksi dan Rapat Gabungan Direksi dan Dewan Komisaris yang masing-

With regard to the Article 82 Paragraph 3 of the Company’s Article of Association and Article 35 of Regulation of the Regulation of the Financial Services Authority (POJK) Number 33/POJK.04/2014 regarding Board of Directors and Board of Commissioners of Issuers or Public Company, the Board of Commissioners of the Company already confirmed on the acknowledgement of Board of Commissioners Charter. The Charter of the Board of Commissioners is composed as a guideline to facilitate the Company’s Board of Commissioners in understanding the duties and responsibilities, rights and obligations, and regulations related to the work procedures of the Board of Commissioners. The charter as mentioned is available in the Company’s website.

There are a total of six (6) members of the Company’s Board of Commissioners three (3) of which are Independent Commissioners where the appointment of such Independent Commissioners has met the requirements as prescribed in the Regulation of Financial Institutions and Capital Market Supervisory Board (Bapepam LK) Number: IX.I.5, Attachment to Decision of the Chairman of Bapepam LK Number: Kep-643/BL/2012 dated 7 December 2012 regarding the Establishment and Guidelines of Work Procedures of Audit Committee. Members of the Board of Commissioners are recommended by the Major Shareholders and appointed by the GMS. With the establishment of Nomination and Remuneration Committee, selection of members of the Board of Commissioners also took into account recommendations from the Nomination and Remuneration Committee.The profiles of members of the Board of Commissioners can be seen in the Company’s Profile section of this Annual Report.

The provisions concerning Meetings of the Board of Commissioners are contained in the Company’s Articles of Association that is the Board of Commissioners is required to hold a meeting at least once every two (2) months. In addition, the Board of Commissioners shall also hold a meeting with the Board of Directors regularly and to be held at least once every four (4) months. The Board of Commissioners shall also attend a Joint Meeting of the Board of Directors and Board of Commissioners which shall be regularly held at least once every four (4) months.

During 2015, Meetings of the Board of Commissioners and Joint Meetings of the Board of Commissioners and Board of Directors were held five (5) times each. In addition, the Board of Commissioners has issued eight (8) circular resolutions which have the same power as resolutions validly adopted in a Meeting of the Board of Commissioners. The Board of Commissioners also regularly attended the Board of Directors’ Meetings and Joint Meeting of the

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masing diadakan sebanyak 16 (enam belas) kali dan 5 (lima) kali.

Tingkat kehadiran rata-rata anggota Dewan Komisaris pada masing-masing rapat adalah:

a. Rapat Dewan Komisaris : 100%

b. Rapat Gabungan Dewan Komisaris dan Direksi : 100%

c. Rapat Direksi : 60%d. Rapat Gabungan Direksi dan Dewan Komisaris : 77%

Beberapa keputusan yang diambil oleh Dewan Komisaris selama tahun 2015 diantaranya:Melalui rapat:1. Penetapan gaji dan tunjangan dan/atau

penghasilan lain bagi Direksi untuk tahun buku 2015.

2. Perubahan Susunan anggota Komite Audit dan Piagam Komite Audit.

3. Pembentukan Komite Nominasi dan Remunerasi, Pengesahan Peraturan Komite Nominasi dan Remunerasi, serta Pengangkatan anggota Komite Nominasi dan Remunerasi.

4. Kebijakan/Rencana Audit Dewan Komisaris untuk tahun buku 2015.

5. Pedoman dan Tata Tertib Kerja Dewan Komisaris.

6. Pedoman Nominasi Calon anggota Direksi.

7. Pedoman Nominasi Calon anggota Dewan Komisaris.

8. Program Pelatihan anggota Direksi dan Dewan Komisaris.

9. Pedoman Remunerasi bagi anggota Direksi dan Dewan Komisaris.

10. Jadwal Rapat Dewan Komisaris dan Rapat Gabungan Dewan Komisaris dan Direksi tahun 2016.

11. Dan lain-lain.

Melalui sirkular:1. Pembongkaran bangunan bagian

produksi yang terkena kebakaran pada tanggal 10 Juli 2015.

2. Pendirian Yayasan Mandom Indonesia dengan memberikan dana sebesar Rp. 100.000.000 sebagai kekayaan awal Yayasan Mandom Indonesia.

3. Pengangkatan Muhammad Arif Kurniawan sebagai Kepala Unit Audit Internal menggantikan Martin Malik yang akan mulai bertugas sejak tanggal 4

Board of Directors and Board of Commissioners which were held sixteen (16) times and five (5) times respectively.

The average level of attendance of members of the Board of Commissioners in each of the meetings is:

a. Board of Commissioners’ Meeting : 100%b. Joint Meeting of the Board of Commissioners and Board of Directors: 100%c. Board of Directors’ Meeting : 60%d. Joint Meeting of the Board of Directors and Board of Commissioners: 77%

Some resolutions adopted by the Board of Commissioners during 2015 were: Through meetings:1. Determination of salaries and allowances

and/or other income for the Board of Directors for the 2015 financial year.

2. Changes in the Composition of members of Audit Committee and Audit Committee’s Charter.

3. Establishment of the Nomination and Remuneration Committee, ratification of Regulation of Nomination and Remuneration Committee, and appointment of members of the Nomination and Remuneration Committee.

4. Policy/Plan of Audit of the Board of Commissioners for the 2015 financial year.

5. The Board of Commissioners Charter.

6. Guidelines for the Nomination of Candidates of the Board of Directors.

7. Guidelines for the Nomination of Candidates of the Board of Commissioners.

8. Training Program for members of the Board of Directors and Board of Commissioners.

9. Guidelines for Remuneration of members of the Board of Directors and Board of Commissioners.

10. Schedule of Meetings of the Board of Commissioners and Joint Meetings of the Board of Commissioners and Board of Directors in 2016.

11. Miscellaneous.

Through circulars:1. Dismantling of the production section of

the building which was caught on fire on 10 July 2015.

2. E stablishment of Yayasan Mandom Indonesia (Mandom Indonesia Foundation) by providing funds in the amount of Rp 100,000,000 as an initial asset of Yayasan Mandom Indonesia.

3. Appointment of Muhammad Arif Kurniawan as the Chief of Internal Audit Unit to replace Martin Malik who will take

Januari 2016.4. Dan lain-lain.

Remunerasi yang diterima oleh Dewan Komisaris ditetapkan melalui RUPS. Dengan telah dibentuknya Komite Nominasi dan Remunerasi, remunerasi anggota Dewan Komisaris juga memperhatikan rekomendasi dari Komite Nominasi dan Remunerasi.

Berdasarkan keputusan RUPST tanggal 23 April 2015, Dewan Komisaris menerima gaji atau honorarium dan tunjangan lain dengan jumlah maksimum untuk seluruh anggota Dewan Komisaris sebesar Rp 6,0 miliar (setelah dipotong pajak). RUPST juga memberikan wewenang kepada Presiden Komisaris Perseroan untuk menetapkan pembagian jumlah honorarium tersebut diantara para anggota Dewan Komisaris. Penetapan gaji atau honorarium dan tunjangan lain dari anggota Dewan Komisaris sudah sesuai dengan Anggaran Dasar Perseroan Pasal 67 Ayat 4.

DIREKSIDireksi bertugas menjalankan dan bertanggung jawab atas pengurusan Perseroan untuk kepentingan Perseroan sesuai dengan maksud dan tujuan Perseroan yang ditetapkan dalam Anggaran Dasar. Sesuai dengan Pasal 82 ayat 3 Anggaran Dasar Perseroan dan Pasal 35 Peraturan Otoritas Jasa Keuangan Nomor 33/POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik, Direksi telah memiliki Pedoman dan Tata Tertib Kerja Direksi. Pedoman dan Tata Tertib Kerja Direksi disusun sebagai pedoman untuk mempermudah Direksi Perseroan dalam memahami tugas dan tanggung jawab, hak dan kewajiban, dan peraturan-peraturan yang terkait dengan tata kerja Direksi. Pedoman sebagaimana dimaksud secara lengkap telah dimuat dalam situs web Perseroan. Secara khusus, masing-masing anggota Direksi mempunyai tugas dan tanggung jawab sebagai berikut:

1. Muhammad Makmun Arsyad, Presiden Direktur/CEOBertanggung jawab atas seluruh kegiatan operasional Perseroan dan secara khusus menjadi Kepala Unit Resources.

2. Norikazu Furubayashi, Wakil Presiden DirekturBertugas sebagai Kepala Unit Produksi. Beliau dapat mewakili Perseroan dalam hal Presiden Direktur/CEO berhalangan.

3. Shinya Nagai, Wakil Presiden Direktur

office on 4 January 2016.4. Miscellaneous.

Remunerations received by the Board of Commissioners are set out through GMS. With the establishment of a Nomination and Remuneration Committee, remunerations for members of the Board of Commissioners also took into account recommendations from the Nomination and Remuneration Committee.

Based on the resolutions of AGMS dated 23 April 2015, the Board of Commissioners received a salary or honorarium and other allowances with a maximum amount for all members of the Board of Commissioners of Rp 6.0 billion (after tax). AGMS also granted the authority to the President Commissioner of the Company to determine the distribution of such honorarium among members of the Board of Commissioners. Determination of salaries and honorarium and other allowances for members of the Board of Commissioners has been in line with the Company’s Articles of Association Article 67 Paragraph 4.

BOARD OF DIRECTORSThe Board of Directors is tasked to run and be fully responsible for the management of the Company for the interest of the Company in accordance with the aims and objectives of the Company as set out in the Articles of Association. With regard to the Article 82 Paragraph 3 of the Company’s Article of Association and Article 35 of Regulation of the Regulation of the Financial Services Authority (POJK) Number 33/POJK.04/2014 regarding Board of Directors and Board of Commissioners of Issuers or Public Company, the Board of Directors of the Company already confirmed on the acknowledgement of Board of Directors Charter. The Charter of the Board of Directors is composed as a guideline to facilitate the Company’s Board of Directors in understanding the duties and responsibilities, rights and obligations, and regulations related to the work procedures of the Board of Directors. The charter as mentioned is available in the Company’s website.In particular, each member of the Board of Directors has the following duties and responsibilities:

1. Muhammad Makmun Arsyad, President Director/CEOIs responsible for all operational activities of the Company and specifically becomes the Head of Resources Unit.

2. Norikazu Furubayashi, Vice President DirectorIs responsible as the Head of Production Unit. He may represent the Company in the event the President Director/CEO is absent due to impediments.

3. Shinya Nagai, Vice President Director

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Bertugas sebagai Kepala Unit Marketing. Beliau dapat mewakili Perseroan dalam hal Presiden Direktur/CEO berhalangan.

4. Herman Saleh, Direktur Managing SeniorBertugas sebagai Kepala Unit DomesticSales Perseroan.

5. Chin Choon Keng, Direktur SeniorBertugas sebagai Kepala Unit International Sales Perseroan.

6. Masahiro Ueda, Direktur SeniorBertugas sebagai Kepala Unit Accounting Project Perseroan.

7. Tugiyono, DirekturBertanggung jawab atas kegiatan produksi di Factory 1 Perseroan yang berlokasi di Kawasan Industri MM 2100, Jl. Irian Blok PP, Bekasi 17520.

8. Sanyata Adi Saputra, DirekturBertanggung jawab atas kegiatan Human Resources Development Perseroan.

9. Tiurma Rondang Sari, DirekturBertanggung jawab atas kegiatan pengembangan produk untuk kategori konsumen wanita.

10. Hideo Yamanaka, DirekturBertanggung jawab atas kegiatan produksi di Factory 2 Perseroan yang berlokasi di Kawasan Industri MM 2100, Jl. Jawa Blok J-9, Bekasi 17520.

11. Effendi Tandi, DirekturBertanggung jawab atas kegiatan Management Planning dan Internal Audit Perseroan. Pada RUPS Tahunan di tahun 2016 akan di-agendakan pengangkatan Direksi Perseroan yang akan bertugas sampai dengan ditutupnya RUPS Tahunan 2 tahun kedepan. Sehubungan dengan agenda tersebut akan disusun pembagian tugas masing-masing Direksi dimana Unit Internal Audit akan berada langsung dibawah Presiden Direktur/CEO.

12. Liandhajani, DirekturBertanggung jawab atas kegiatan Purchasing dan Quality Control Perseroan.

13. Monalisa Octavia, DirekturBertanggung jawab atas kegiatan Finance, Accounting & Tax Perseroan.

14. Masahiro Ozaki, DirekturBertanggung jawab atas kegiatan Domestic Sales Perseroan.

15. Hiroshi Ito, DirekturBertanggung jawab atas kegiatan pengembangan produk untuk kategori konsumen pria.

Anggota Direksi Perseroan berjumlah 15 (lima belas) orang termasuk diantaranya 2 (dua) orang Direktur Independen dimana penunjukan Direktur Independen Perseroan telah memenuhi syarat sesuai dengan ketentuan Peraturan Bursa Efek Indonesia Nomor I-A tentang Pencatatan Saham dan Efek Bersifat Ekuitas Selain Saham yang Diterbitkan oleh Perusahaan Tercatat. Anggota Direksi diusulkan oleh Pemegang

Is responsible as the Head of Marketing Unit. He may represent the Company in the event the President Director/CEO is absent due to impediments.

4. Herman Saleh, Senior Managing DirectorIs responsible as the Head of Domestic Sales Unit of the Company.

5. Chin Choon Keng, Senior DirectorIs responsible as the Head of International Sales Unit of the Company.

6. Masahiro Ueda, Senior DirectorIs responsible as the Head of Accounting Project Unit of the Company.

7. Tugiyono, DirectorIs responsible for production activities at Factory 1 of the Company located at Kawasan Industri MM 2100, Jl. Irian Blok PP, Bekasi 17520.

8. Sanyata Adi Saputra, DirectorIs responsible for Human Resources Development activities of the Company.

9. Tiurma Rondang Sari, DirectorIs responsible for product development activities for women consumer category.

10. Hideo Yamanaka, DirectorIs responsible for production activities at Factory 2 of the Company located at Kawasan Industri MM 2100, Jl. Jawa Blok J-9, Bekasi 17520.

11. Effendi Tandi, DirectorIs responsible for Management Planning and Internal Audit activities of the Company. At the Annual GMS in 2016 there will be an agenda for the appointment of Company’s Board of Directors who will take office up to the closing of an Annual GMS 2 years later. In relation to this agenda, distribution of duties will be arranged for each member of the Board of Directors where the Internal Audit Unit will be directly under the President Director/CEO.

12. Liandhajani, DirectorIs responsible for Purchasing and Quality Control activities of the Company.

13. Monalisa Octavia, DirectorIs responsible for Finance, Accounting & Tax activities of the Company.

14. Masahiro Ozaki, DirectorIs responsible for Domestic Sales activities of the Company.

15. Hiroshi Ito, DirectorIs responsible for product development activities for men consumer category.

There are fifteen (15) members of the Company’s Board of Directors including two (2) Independent Directors where their appointment has met the requirements of the Regulation of Indonesian Stock Exchange Number I-A on Listing of Shares and Equity-type Securities Other Than Shares Issued by a Listed Company. Members of the Board of Directors are recommended by the Major Shareholders and appointed by the

Saham Utama dan diangkat oleh RUPS. Dengan telah dibentuknya Komite Nominasi dan Remunerasi, pemilihan anggota Direksi juga memperhatikan rekomendasi dari Komite Nominasi dan Remunerasi. Profil anggota Direksi dapat dilihat pada bagian Profil Perusahaan di Laporan Tahunan ini.

Ketentuan mengenai Rapat Direksi diatur dalam Anggaran Dasar Perseroan yaitu Direksi wajib mengadakan rapat paling kurang 1 (satu) kali dalam setiap bulan. Selain itu, Direksi juga mengadakan Rapat Manajemen setiap bulannya yang dapat dihadiri juga oleh Dewan Komisaris. Di dalam Rapat Manajemen dibahas hal-hal sehubungan dengan pengelolaan bisnis Perseroan dari berbagai departemen dan kemudian dalam Rapat Direksi, hasil diskusi tersebut dapat diajukan sebagai suatu keputusan. Direksi juga mengadakan Rapat Gabungan Direksi bersama Dewan Komisaris yang secara berkala dilakukan paling kurang 1 (satu) kali dalam 4 (empat) bulan. Direksi menghadiri Rapat Gabungan Dewan Komisaris dan Direksi yang secara berkala diadakan paling kurang 1 (satu) kali dalam 4 (empat) bulan.

Selama tahun 2015 telah dilaksanakan Rapat Direksi dan Rapat Gabungan Direksi dan Dewan Komisaris masing-masing sebanyak 16 (enam belas) kali dan 5 (lima) kali. Selain itu, Direksi mengadakan Rapat Manajemen sebanyak 12 (dua belas) kali dan menghadiri Rapat Gabungan Dewan Komisaris dan Direksi yang diadakan sebanyak 5 (lima) kali.

Tingkat kehadiran rata-rata anggota Direksi pada masing-masing rapat adalah:

a. Rapat Direksi : 99%b. Rapat Manajemen : 98%c. Rapat Gabungan Direksi dan Dewan Komisaris : 97%d. Rapat Gabungan Dewan Komisaris dan Direksi : 84%

Remunerasi yang diterima oleh Direksi ditetapkan melalui RUPS. Dengan telah dibentuknya Komite Nominasi dan Remunerasi, remunerasi anggota Direksi juga memperhatikan rekomendasi dari Komite Nominasi dan Remunerasi.

Berdasarkan keputusan RUPST tanggal 23 April 2015, RUPS memberikan wewenang kepada Dewan Komisaris Perseroan untuk menetapkan jumlah maksimum besarnya gaji dan tunjangan dan/atau penghasilan lain bagi seluruh anggota Direksi Perseroan untuk tahun buku 2015. Dewan Komisaris Perseroan menetapkan jumlah remunerasi anggota Direksi Perseroan berdasarkan pada pertimbangan lingkup,

GMS. With the establishment of a Nomination and Remuneration Committee, selection of members of the Board of Directors also took into account recommendations from the Nomination and Remuneration Committee. The profiles of members of the Board of Directors can be seen in the Company’s Profile section of this Annual Report.

The provisions concerning Meetings of the Board of Directors are contained in the Company’s Articles of Association that is the Board of Directors is required to hold a meeting at least once every month. In addition, the Board of Directors shall also hold a Management Meeting every month that may also be attended by the Board of Commissioners. At the Management Meeting, issues related to the management of Company’s business from various departments are discussed and then at the Board of Directors’ Meeting, the results of such discussions may be submitted as a resolution. The Board of Directors shall also hold a Joint Meeting of the Board of Directors and Board of Commissioners which shall be regularly held at least once every four (4) months. The Board of Directors shall also attend a Joint Meeting of the Board of Directors and Board of Commissioners which shall be regularly held at least once every four (4) months.

In 2015 the Board of Directors’ Meetings and Joint Meetings of the Board of Directors and Board of Commissioners were held sixteen (16) times and five (5) times respectively. In addition, the Board of Directors held Management Meetings twelve (12) times and attended Joint Meetings of the Board of Commissioners and Board of Directors five (5) times.

The average level of attendance of members of the Board of Directors in each of the meetings is:

a. Board of Directors’ Meeting : 99%b. Management Meeting : 98%c. Joint Meeting of the Board of Directors and Board of Commissioners: 97%d. Joint Meeting of the Board of Commissioners and Board of Directors: 84%

Remunerations received by the Board of Directors are determined through a GMS. With the establishment of a Nomination and Remuneration Committee, remunerations for members of the Board of Directors also took into account recommendations from the Nomination and Remuneration Committee.

Based on the AGMS dated 23 April 2015, GMS granted the authority to the Company’s Board of Commissioners to determine the maximum amount of salaries and allowances and/or other income for all members of the Company’s Board of Directors for the 2015 financial year. The Company’s Board of Commissioners determined the amount of remuneration for members of the Company’s Board of Directors based on

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tanggung jawab pekerjaan, serta kinerja masing-masing anggota Direksi. Dalam Rapat Dewan Komisaris pada tanggal 23 April 2015 telah diputuskan maksimum gaji dan tunjangan dan/atau penghasilan lain bagi seluruh anggota Direksi untuk tahun buku 2015 maksimum sebesar Rp 27 miliar (setelah dipotong pajak). Penetapan gaji dan tunjangan dan/atau penghasilan lain dari anggota Direksi sudah sesuai dengan Anggaran Dasar Perseroan Pasal 49 Ayat 4.

Dewan Komisaris dan Direksi akan mempertanggung-jawabkan pelaksanaan tugas dan pencapaian kinerja mereka untuk periode tahun buku 2015 dalam RUPST yang akan diselenggarakan pada tahun 2016.

KOMITE AUDIT

Dasar Pembentukan Komite AuditKomite Audit dibentuk oleh Dewan Komisaris untuk memberikan pendapat yang independen kepada Dewan Komisaris terhadap laporan atas hal-hal yang disampaikan oleh Direksi kepada Dewan Komisaris, serta mengidentifikasi hal-hal yang memerlukan perhatian Dewan Komisaris. Seluruh anggota Komite Audit diangkat dan diberhentikan oleh Dewan Komisaris dan dilaporkan kepada OJK dan BEI. Komite Audit dibentuk dengan mengacu pada Peraturan Badan Pengawas Pasar Modal dan Lembaga Keuangan (Bapepam LK) Nomor: IX.I.5, Lampiran Keputusan Ketua Bapepam LK Nomor: Kep-643/BL/2012 tanggal 7 Desember 2012 tentang Pembentukan dan Pedoman Pelaksanaan Kerja Komite Audit, Peraturan Bursa Efek Jakarta (Bursa Efek Indonesia) Nomor I-A, Lampiran I Keputusan Direksi PT. Bursa Efek Jakarta Nomor: 305/BEJ/07-2004 tanggal 19 Juli 2004 tentang Ketentuan Umum Pencatatan Efek Bersifat Ekuitas di Bursa yang kemudian dirubah dengan Surat Keputusan Direksi PT. Bursa Efek Indonesia Nomor: Kep-00001/BEI/01-2014 tanggal 20 Januari 2014 perihal Perubahan Peraturan Nomor I-A tentang Pencatatan Saham dan Efek Bersifat Ekuitas Selain Saham yang Diterbitkan Oleh Perusahaan Tercatat, dan Piagam Komite Audit Perseroan.

Struktur dan Komposisi Keanggotaan Komite AuditMasa tugas anggota Komite Audit adalah sama dengan periode masa tugas anggota Dewan Komisaris sesuai dengan Anggaran Dasar Perseroan, yaitu 2 (dua) tahun dan dapat diangkat kembali untuk satu periode masa tugas berikutnya. Dengan demikian riwayat keanggotaan Komite Audit sebagai berikut:

considerations of the scope, job responsibility, as well as performance of each member of the Board of Directors. At the Meeting of the Board of Commissioners on 23 April 2015, it has been decided that the total salaries and allowances and/or other income for all members of the Board of Directors for the 2015 financial year is maximum Rp 27 billion (after tax). Determination of salaries and honorariums and other allowances for members of the Board of Directors has been in line with the Company’s Articles of Association Article 49 Paragraph 4.

The Board of Commissioners and Board of Directors will give their accountabilities for the performance of their duties and their achievements during the 2015 financial year at a AGMS to be held in 2016.

AUDIT COMMITTEE

Basis for the Establishment of Audit CommitteeThe Audit Committee was estabslihed by the Board of Commissioner to give an independent opinion to the Board of Commissioners on the report presented by the Board of Directors to the Board of Commissioners, and to identify matters that need the attention of the Board of Commissioners. All members of the Audit Committee are to be appointed and terminated by the Board of Commissioners and to be reported to the Financial Services Authority and BEI (Indonesian Stock Exchange). The Audit Committee was formed with reference to the Regulation of Financial Institutions and Capital Market Supervisory Board (Bapepam LK) Number: IX.I.5, Attachment to Decision of the Chairman of Bapepam LK Number: Kep-643/BL/2012 dated 7 December 2012 concerning the Establishment and Guidelines for Work Performance of Audit Committee, Regulation of Jakarta Stock Exchange (Indonesia Stock Exchange) Number I-A, Attachment I of Decision of the Board of Directors of PT. Bursa Efek Jakarta Number: 305/BEJ/07-2004 dated 19 July 2004 concerning General Provisions of Listing of Equity-type Securities at the Bourse which was then amended by Decision of the Board of Directors of PT. Bursa Efek Indonesia Number: Kep-00001/BEI/01-2014 dated 20 January 2014 concerning Amendment to Regulation Number I-A on Listing of Equity-type Shares and Securities Other Than Shares Issued by a Listed Company, and the Audit Committee Charter of the Company.

Structure and Composition of Membership of the Audit CommitteeThe term of office of member of Audit Committee is equivalent with the term of office of member of Board of Commissioners with regard to the Company’s Article of Association which is 2 (two) years and may be re-appointed for one period subsequently. Thus, the membership historical of Audit Committee is as follows:

a. Periode tahun 2014 - 2015

Rapat Dewan Komisaris yang diadakan pada tanggal 24 April 2014 telah mengangkat anggota Komite Audit yang bertugas sampai ditutupnya Rapat Umum Pemegang Saham Tahunan 2016 sebagai berikut :

Ketua : Joko Santoso Wigianto, Komisaris Independen

Anggota : Djasman, Komisaris IndependenAnggota : Drs. Chairul Marom, Ak, CPA Anggota : Heri Martono, SH

Kemudian pada Rapat Umum Pemegang Saham Tahunan (RUPST) tanggal 23 April 2015, telah disetujui pengunduran diri Bapak Joko Santoso Wigianto, Komisaris Independen dan Bapak Djasman, Komisaris Independen.

b. Periode tahun 2015 - 2016

Sehubungan dengan disetujuinya pengunduran diri Bapak Joko Santoso Wigianto dan Bapak Djasman masing-masing dari jabatannya Komisaris Independen oleh RUPST tanggal 23 April 2015, maka Rapat Dewan Komisaris pada tanggal 23 April 2015 mengangkat anggota Komite Audit dengan masa tugas sampai ditutupnya Rapat Umum Pemegang Saham Tahunan 2016 sebagai berikut:

Ketua : Dr. Bambang Rudyanto, Komisaris IndependenWarga Negara Indonesia. Diangkat sebagai Ketua Komite Audit pertama kali pada tahun 2015 berdasarkan Rapat Dewan Komisaris tanggal 23 April 2015. Saat ini juga menjabat sebagai Komisaris Independen Perseroan sejak tahun 2015.

Anggota : Sastra Widjaja, Komisaris IndependenWarga Negara Indonesia. Diangkat sebagai Anggota Komite Audit pertama kali pada tahun 2015 berdasarkan Rapat Dewan Komisaris tanggal 23 April 2015. Saat ini juga menjabat sebagai Komisaris Independen Perseroan sejak tahun 2015.

Anggota : Drs. Chairul Marom, Ak, CA, CPA, anggota bidang Akuntansi dan Keuangan Warga Negara Indonesia. Diangkat sebagai Anggota Komite Audit Bidang Akuntansi pertama kali pada tahun 2012 berdasarkan Rapat Dewan Komisaris tanggal 24 April 2012 untuk periode tahun 2012 – 2014. Kemudian diangkat lagi sebagai anggota Komite Audit Perseroan berdasarkan Rapat Dewan Komisaris tanggal 23 April 2014 untuk periode 2014 –

a. Periode of 2014 - 2015

The Board of Commissioners’ Meeting which was held on April 24, 2014 had appointed member of Audit Committee with term of office until the closing of AGMS in 2016 as follows:

Chairman : Joko Santoso Wigianto, Independent CommissionerMember : Djasman, Independent CommissionerMember : Drs. Chairul Marom, Ak, CPA Member : Heri Martono, SH

Then, the AGMS which was held on April 23, 2015 had approved on the resignation of Joko Santoso Wigianto, Independent Commissioner and Djasman, Independent Commissioner.

b. Periode of 2015 - 2016

With regard to the AGMS approval of the resignation of Joko Santoso Wigianto and Djasman as Independent Commissioner in April 23, 2015, the Board of Commissioners’ Meeting which was held on April 23, 2015 had appointed member of Audit Committee with term of office until the closing of AGMS in 2016 as follows:

Chairman : Dr. Bambang Rudyanto, Independent CommissionerAn Indonesian Citizen. Appointed as the Chairman of the Audit Committee first time in 2015 based on the Board of Commissioner’s Meeting dated 23 April 2015. He is also holding the position as an Independent Commissioner of the Company since 2015. Member : Sastra Widjaja, Independent CommissionerAn Indonesian Citizen. Appointed as a member of the Audit Committee first time in 2015 based on the Board of Commissioner’s Meeting dated 23 April 2015. He is also holding the position as an Independent Commissioner of the Company since 2015.

Member : Drs. Chairul Marom, Ak, CA, CPA, member of Accounting and Finance An Indonesian Citizen. Appointed as a Member of the Audit Committee for Accounting first time in 2012 based on the Board of Commissioners’ Meeting dated 24 April 2012 for the period 2012 – 2014. Then he was re-appointed as a member of the Company’s Audit Committee based on the Meeting of the Board of Commissioners dated 23 April 2014 for the period 2014 – 2016.

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2016. Sebelumnya pernah bekerja di Direktorat Jenderal Pajak tahun 1976 – 1984, kemudian aktif di beberapa Kantor Akuntan Publik. Saat ini menjadi Pengajar di Universitas Dr. Moestopo di Jakarta dan menjadi Partner pada Kantor Akuntan Publik Junaedi, Chairul dan Subyakto.Menyelesaikan pendidikan Sarjana Akuntansi di Universitas Gajah Mada. Anggota : Heri Martono, SH, Anggota Bidang HukumWarga Negara Indonesia. Diangkat sebagai Anggota Komite Audit Bidang Hukum pertama kali pada tahun 2012 berdasarkan Rapat Dewan Komisaris tanggal 24 April 2012 untuk periode tahun 2012 – 2014. Kemudian diangkat lagi sebagai anggota Komite Audit Perseroan berdasarkan Rapat Dewan Komisaris tanggal 23 April 2014 untuk periode 2014 – 2016. Selain itu juga menjabat sebagai Pimpinan Kantor Notaris Heri Martono, SH. Menyelesaikan pendidikan Sarjana Hukum di Universitas Islam Indonesia dan Pasca Sarjana Notariat di Universitas Indonesia.

Independensi Komite AuditSeluruh anggota Komite Audit adalah pihak independen, yaitu tidak memiliki hubungan usaha, keuangan, kepengurusan, kepemilikan saham dan/atau hubungan keluarga dengan anggota Dewan Komisaris, anggota Direksi dan/atau pemegang saham pengendali Perseroan yang dapat mempengaruhi independensi tugas dan tanggung jawabnya sebagaimana ditentukan dalam Peraturan Bapepam LK Nomor : IX.I.5, Lampiran Keputusan Ketua Bapepam LK Nomor : Kep-643/BL/2012 tanggal 7 Desember 2012 tentang Pembentukan dan Pedoman Pelaksanaan Kerja Komite Audit.

Frekuensi Rapat dan Tingkat Kehadiran Anggota Komite AuditSelama tahun 2015 Komite Audit melakukan 14 (empat belas) kali rapat dengan tingkat kehadiran 84%. Pada beberapa kali rapat dilakukan pertemuan dengan anggota Direksi yang bertanggung jawab atas laporan keuangan untuk menyampaikan dan membahas hal-hal yang dianggap perlu untuk ditindak lanjuti.

Kegiatan Komite Audit untuk tahun 2015Komite Audit telah melakukan kegiatan untuk tahun 2015 sebagai berikut:1. Menelaah Laporan Keuangan Perseroan

bulanan, triwulanan, tengah tahunan dan laporan keuangan Perseroan akhir tahun.

2. Menelaah dan melakukan analisa perbandingan kinerja beberapa Perusahaan.

3. Menelaah struktur pengendalian internal dan pelaksanaan pemeriksaan oleh Divisi Internal Audit.

4. Menelaah Risalah Rapat Direksi dan Risalah Rapat Manajemen Perseroan.

5. Menelaah tingkat ketaatan Perseroan terhadap peraturan perundang-undangan

Formerly he worked at the Directorate General of Taxes from 1976 – 1984, and then worked in several Public Accountant Offices. Currently is a lecturer at Universitas Dr. Moestopo in Jakarta and becomes Partner at Junaedi, Chairul and Subyakto Public Accountant Office.He obtained his undergraduate degree in Accountancy from Gajah Mada University.

Member : Heri Martono, SH, member for legal affairsAn Indonesian Citizen. Appointed as a Member of the Audit Committee for Legal Affairs first time in 2012 based on the Board of Commissioners’ Meeting dated 24 April 2012 for the periods 2012 – 2014. Then he was re-appointed as a member of the Company’s Audit Committee based on the Meeting of the Board of Commissioners dated 23 April 2014 for the periods 2014 – 2016. In addition, he is also the Head of Heri Martono, SH Notary’s Office. He obtained his undergraduate degree in Law from Universitas Islam Indonesia and post-graduate degree in Notarial Practice from the University of Indonesia.

Independence of Audit CommitteeAll member of Audit Committee are independent, namely did not have any business, financial, management, share ownership and/or family relationship with member of Board of Commissioners, member of Board of Directors, and/or controlling Shareholder of the Company which may affect to the independency of their tasks and responsibilities as regulated in the Regulation of Bapepam LK Number: IX.I.5, Attachment to Decision of the Chairman of Bapepam LK Number: Kep-643/BL/2012 dated 7 December 2012 regarding the Establishment and Guidelines of Work Procedures of Audit Committee.

Frequency of Meeting and Level of Attendance of Audit Committee MembersIn 2015 the Audit Committee held fourteen (14) meetings with the level of attendance 84%. At several meetings, a meeting with members of the Board of Directors in charge of financial statements were held to submit and discuss matters deemed necessary to be followed up.

Audit Committee’s Activities during 2015The Audit Committee has carried out the following activities in 2015:1. Reviewed the Company’s monthly, quarterly,

mid-yearly and end of year Financial Statements,

2. Reviewed and performed a comparative analysis of performance of several Companies.

3. Reviewed the internal control structure and performance of audit by the Internal Audit division.

4. Reviewed the Minutes of the Board of Directors’ Meeting and Minutes of Company Management’s Meeting.

yang berlaku dibidang Pasar Modal dan peraturan perundang-undangan lainnya yang berhubungan dengan kegiatan usaha Perseroan.

6. Melakukan diskusi dengan auditor independen yang melaksanakan audit atas laporan keuangan Perseroan yang meliputi :

a. Membahas ruang lingkup, perencanaan dan pelaksanaan audit guna memastikan bahwa audit dilaksanakan berdasarkan standar auditing yang ditetapkan oleh Institut Akuntan Publik Indonesia.

b. Membahas koreksi serta saran-saran atas temuan audit laporan keuangan.

Dari penelaahan serta pembahasan yang dilakukan, Komite Audit tidak menemukan indikasi bahwa laporan keuangan Perseroan disajikan tidak sesuai dengan Standar Akuntansi Keuangan di Indonesia dan tidak menemukan indikasi bahwa Perseroan tidak mematuhi peraturan perundang-undangan yang berlaku dibidang Pasar Modal dan peraturan perundang-undangan lainnya yang berhubungan dengan kegiatan usaha Perseroan.

KOMITE NOMINASI DAN REMUNERASI

Dasar Pembentukan Komite Nominasi dan RemunerasiKomite Nominasi dan Remunerasi dibentuk oleh Dewan Komisaris untuk membantu melaksanakan fungsi dan tugas Dewan Komisaris terkait Nominasi dan Remunerasi terhadap anggota Direksi dan anggota Dewan Komisaris. Seluruh anggota Komite Nominasi dan Remunerasi diangkat dan diberhentikan oleh Dewan Komisaris dan dilaporkan kepada OJK dan BEI. Komite Nominasi dan Remunerasi dibentuk dengan mengacu pada Peraturan Otoritas Jasa Keuangan No. 34/POJK.04/2014 tentang Komite Nominasi dan Remunerasi Emiten atau Perusahaan Publik.

Struktur dan Komposisi Keanggotaan Komite Nominasi dan RemunerasiBerdasarkan Keputusan Dewan Komisaris tanggal 23 April 2015 telah diputuskan pengangkatan anggota Komite Nominasi dan Remunerasi yang bertugas untuk periode sejak mulai ditutupnya RUPST tahun 2015 sampai dengan setelah ditutupnya RUPST tahun 2016 dengan susunan sebagai berikut :

Ketua : Dr. Bambang Rudyanto, Komisaris IndependenWarga Negara Indonesia. Diangkat sebagai Ketua Komite Nominasi dan Remunerasi pertama kali pada tahun 2015 berdasarkan Rapat

5. Reviewed the level of Company’s compliance with the prevailing laws and regulations in the Capital Market sector and other laws and regulations related to the Company’s business activities.

6. Held discussions with the independent auditors who performed audits on the Company’s financial statements which cover: a. Discussing the scope, planning and

performance of audit in order to ensure that audits have been conducted based on the standard audit as set out by the Indonesian Public Accountant Institute (Institut Akuntan Publik Indonesia).

b. Made corrections and gave advice on the audit findings of financial reports.

From the review and analysis conducted, Audit Committee did not find any indication that the Company’s financial report is reported not in accordance with the Financial Accounting Standards in Indonesia and did not find indication that the Company did not comply to the prevailing laws and regulations in the Capital Market sector and other laws or regulations related with the Company’s business activities.

NOMINATION AND REMUNERATION COMMITTEE

Basis for the Establishment of Nomination and Remuneration CommitteeThe Nomination and Remuneration Committee was established by the Board of Commissioners to assist in the performance of function and duties of the Board of Commissioners related to Nomination and Remuneration of members of the Board of Directors and members of the Board of Commissioners. All members of the Nomination and Remuneration Committee are appointed and terminated by the Board of Commissioners and reported to the Financial Services Authority and BEI.The Nomination and Remuneration Committee was established with reference to Regulation of the Financial Services Authority No. 34/POJK.04/2014 concerning Nomination and Remuneration Committee of Issuers or Public Companies.

The Structure and Composition of Members of the Nomination and Remuneration CommitteeBased on Decision of the Board of Commissioners on 23 April 2015 a decision has been made regarding the appointment of members of the Nomination and Remuneration Committee in charge for the period as of the closing of AGMS 2015 until the closing of AGMS 2016 with the following structure:

Chairman : Dr. Bambang Rudyanto, Independent CommissionerAn Indonesian Citizen. Appointed as the Chairman of the Nomination and Remuneration Committee first time in 2015 based on the Board of Commissioner’s Meeting dated 23

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Dewan Komisaris tanggal 23 April 2015. Saat ini juga menjabat sebagai Komisaris Independen Perseroan sejak tahun 2015.

Anggota : Tatsuya Arichi, Presiden KomisarisWarga Negara Jepang. Diangkat sebagai Anggota Komite Nominasi dan Remunerasi pertama kali pada tahun 2015 berdasarkan Rapat Dewan Komisaris tanggal 23 April 2015. Saat ini juga menjabat sebagai Presiden Komisaris Perseroan sejak tahun 2014.

Anggota : Lie Harjono, KomisarisWarga Negara Indonesia. Diangkat sebagai Anggota Komite Nominasi dan Remunerasi pertama kali pada tahun 2015 berdasarkan Rapat Dewan Komisaris tanggal 23 April 2015. Saat ini juga menjabat sebagai Komisaris Perseroan sejak tahun 2001.

Anggota : Muhammad Arif Kurniawan, Manajer HRDWarga Negara Indonesia.

Di bulan Agustus 2015, Muhammad Arif Kurniawan mengundurkan diri dari keanggotaan Komite Nominasi dan Remunerasi sehingga susunan Komite Nominasi dan Remunerasi menjadi:

Ketua : Dr. Bambang Rudyanto, Komisaris IndependenAnggota : Tatsuya Arichi, Presiden KomisarisAnggota : Lie Harjono, Komisaris

Independensi Komite Nominasi dan RemunerasiKeanggotaan Komite Nominasi dan Remunerasi terdiri dari 3 orang anggota Dewan Komisaris dimana salah satunya adalah Komisaris Independen. Komite Nominasi dan Remunerasi membantu Dewan Komisaris dalam menentukan kebijakan nominasi dan remunerasi bagi Dewan Komisaris dan Direksi. Komite Nominasi dan Remunerasi bertindak independen dalam melaksanakan tugasnya. Hal tersebut telah memenuhi ketentuan Peraturan Otoritas Jasa Keuangan No. 34/POJK.04/2014 tentang Komite Nominasi dan Remunerasi Emiten atau Perusahaan Publik.

Frekuensi Rapat dan Tingkat Kehadiran Anggota Komite Nominasi dan Remunerasi

Selama tahun 2015 Komite Nominasi dan Remunerasi melakukan 1 (satu) kali rapat dengan tingkat kehadiran 100%.

April 2015. He is also holding the position as an Independent Commissioner of the Company since 2015.

Member : Tatsuya Arichi, President CommissionerA Japanese Citizen. Appointed as a member of the Nomination and Remuneration Committee first time in 2015 based on the Board of Commissioner’s Meeting dated 23 April 2015. He is also holding the position as the President Commissioner of the Company since 2014.

Member : Lie Harjono, CommissionerAn Indonesian Citizen. Appointed as a Member of the Nomination and Remuneration Committee first time in 2015 based on the Board of Commissioner’s Meeting dated 23 April 2015. He is also holding the position as the Commissioner of the Company since 2001.

Member : Muhammad Arif Kurniawan, HRD ManagerAn Indonesian Citizen.

In August 2015, Muhammad Arif Kurniawan resigned from a member of the Nomination and Remuneration Commitee, so the composition of the Nomination and Remuneration Committee becomes as follows:

Chairman : Dr. Bambang Rudyanto, Independent CommissionerMembers : Tatsuya Arichi, President CommissionerMembers : Lie Harjono, Commissioner

Independence of the Nomination And Remuneration CommitteeMembers of the Nomination and Remuneration Committee consist of 3 Board of Commissioners where one of them is an Independent Commissioner.The Nomination and Remuneration Committee assists the Board of Commissioners in setting out a policy on nomination and remuneration for the Board of Commissioners and Board of Directors. The Nomination and Remuneration Committee acts independently in carrying out its tasks. This has met the requirements of Regulation of the Financial Services Authority No. 34/POJK.04/2014 concerning Nomination and Remuneration Committee of Issuers or Public Companies.

Frequency of Meeting and Level of Attendance of the Nomination and Remuneration Committee MembersIn 2015 the Nomination and Remuneration Committee held one (1) meeting with level of attendance 100%.

Kegiatan Komite Nominasi dan Remunerasi untuk tahun 2015Komite Nominasi dan Remunerasi telah melakukan kegiatan untuk tahun 2015 sebagai berikut:

1. Menyusun Pedoman Nominasi calon anggota Direksi

2. Menyusun Pedoman Nominasi calon anggota Dewan Komisaris

3. Menyusun Pedoman Program Pelatihan anggota Direksi dan Dewan Komisaris

4. Menyusun Pedoman Remunerasi bagi anggota Direksi dan Dewan Komisaris

SEKRETARIS PERUSAHAANSesuai ketentuan Peraturan Bapepam No. IX.I.4 Lampiran Keputusan Ketua Bapepam No. Kep-63/PM/1996 tanggal 17 Januari 1996 tentang Pembentukan Sekretaris Perusahaan yang kemudian dirubah dengan Peraturan Otoritas Jasa Keuangan No. 35/POJK.04/2014 tentang Sekretaris Perusahaan Emiten atau Perusahaan Publik, serta berdasarkan Surat Keputusan Direksi Perseroan Nomor: 056/DIR-HRD/VI/14 tanggal 12 Mei 2014, Perseroan telah menunjuk Alia Dewi sebagai Sekretaris Perusahaan.

Sebelum menjabat sebagai Sekretaris Perusahaan, ia adalah PR/Investor Relations Perseroan dan telah bergabung dengan Perseroan sejak tahun 2006. Ia meraih gelar Sarjana Sosial dari Fakultas Ilmu Komunikasi, Universitas Padjadjaran tahun 2004. Periode jabatan Sekretaris Perusahaan tidak ditetapkan jangka waktunya.

Sesuai ketentuan Otoritas Jasa Keuangan (OJK), Perseroan mempunyai Sekretaris Perusahaan yang berfungsi untuk:

1. Mengikuti perkembangan Pasar Modal khususnya peraturan perundang-undangan yang berlaku di bidang Pasar Modal;

2. Memberikan masukan kepada Direksi dan Dewan Komisaris untuk mematuhi ketentuan peraturan perundang-undangan di bidang Pasar Modal;

3. Membantu Direksi dan Dewan Komisaris dalam pelaksanaan tata kelola perusahaan yang meliputi:a. Keterbukaan informasi kepada

masyarakat, termasuk ketersediaan informasi pada Situs Web Perseroan;

b. Penyampaian laporan kepada Otoritas Jasa Keuangan tepat waktu;

c. Penyelenggaraan dan dokumentasi Rapat Umum Pemegang Saham;

Activities of the Nomination and Remuneration Committee in 2015The Nomination and Remuneration Committee has carried out the following activities in 2015:

1. Preparation of Guidelines for the Nomination of candidates for the Board of Directors.

2. Preparation of Guidelines for the Nomination of candidates for the Board of Commissioners.

3. Preparation of Guidelines for the Training Program for members of the Board of Directors and Board of Commissioners.

4. Prepararation of Guidelines for Remuneration of members of the Board of Directors and Board of Commissioners.

CORPORATE SECRETARYBased on the provisions of Regulation of Bapepam No. IX.I.4, Attachment to Decision of the Chairman of Bapepam Number: Kep-63/PM/1996 dated 17 January 1996 on the Establishment of a Corporate Secretary which was later amended by Regulation of Financial Services Authority No. 35/POJK.04/2014 on Corporate Secretary of Issuers or Public Companies, and based on Decision of the Company’s Board of Directors No. 056/DIR-HRD/VI/14 dated 12 May 2014, the Company has appointed Alia Dewi as the Corporate Secretary.

Before assuming the position of a Corporate Secretary, she was a PR/Investor Relations of the Company and has joined the Company since 2006. She attained her undergraduate degree in Social Sciences from the Faculty of Communications, University of Padjadjaran in 2004. The office term for a Corporate Secretary’s position is indefinite.

Based on the provision of Financial Services Authority (OJK), a Company shall have a Corporate Secretary with functions:

1. To follow the developments in Capital Market especially the laws and regulations applicable in the Capital Market sector;

2. To give inputs to the Board of Directors and Board of Commissioners in order to comply with the provisions of laws and regulations in the Capital Market sector;

3. To assist the Board of Directors and Board of Commissioners in the governance of the company which includes:a. Transparency of information for the public,

including the availability of information in the Company’s Website;

b. Timely delivery of reports to the Financial Services Authority;

c. Organization and documentation of General Meetings of Shareholders;

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d. Penyelenggaraan dan dokumentasi rapat Direksi dan/atau Dewan Komisaris; dan

e. Pelaksanaan program orientasi terhadap perusahaan bagi Direksi dan/atau Dewan Komisaris.

4. Menjadi penghubung antara Perseroan dengan Pemegang Saham Perseroan, Otoritas Jasa Keuangan, dan publik-publik Perseroan lainnya.

Sekretaris Perusahaan memiliki peran penting dalam menjembatani komunikasi antara Perseroan dengan publik Perseroan, menjaga citra Perseroan dan memastikan kepatuhan Perseroan terhadap peraturan dan perundang-undangan yang berlaku sebagai perusahaan publik serta ketentuan Tata Kelola Perusahaan yang Baik. Sekretaris Perusahaan secara berkala menyampaikan laporan keterbukaan informasi, mengelola komunikasi Perseroan dengan publiknya melalui jalur-jalur komunikasi cetak maupun elektronik, bertanggung jawab atas pengelolaan aktivitas Corporate Social Responsibility (CSR) Perseroan, dan berperan sebagai contact person Perseroan.

Selama tahun 2014 Sekretaris Perusahaan telah mengikuti pelatihan/seminar/workshop baik yang diadakan secara in-house maupun di luar Perseroan diantaranya:- Sosialisasi Peraturan Otoritas Jasa Keuangan- Investor Summit and Capital Market Expo 2015- Economy Outlook 2016- Pelatihan Sistem Jaminan Halal- Economic and Capital Market Outlook 2016

Selama tahun 2015, Sekretaris Perusahaan telah melakukan berbagai kegiatan diantaranya:• Penyusunan Laporan Tahunan 2014;• Penyelenggaraan RUPSLB dan RUPST pada

tanggal 23 April 2015;• Penyelenggaraan Public Expose Tahunan

pada tanggal 23 April 2015;• Pembagian dividen pada tanggal 27 Mei

2015;• Penyelenggaraan rapat-rapat Direksi dan

Dewan Komisaris Perseroan;• Keterbukaan informasi sehubungan dengan

laporan keuangan kuartalan, tengah tahun, dan tahunan;

• Rapat dengan analis baik tatap muka maupun melalui konferensi telepon;

• Keterbukaan informasi sehubungan dengan transaksi jual-beli lahan dan bangunan di Sunter - Jakarta Utara;

• Keterbukaan informasi sehubungan dengan musibah kebakaran di pabrik Perseroan;

• Keterbukaan informasi lainnya;• Pengelolaan website dan social media

Perseroan;• Pelaksanaan kegiatan corporate social

responsibility (CSR) Perseroan;• Pengelolaan kegiatan komunikasi internal

Perseroan;

d. Organization and documentation of Board of Directors’ Meeting and/or Board of Commissioners’ Meeting; and

e. Conducting an orientation program of the company for the Board of Directors and/or Board of Commissioners.

4. To become a liaison officer between the Company and the Shareholders of the Company, the Financial Services Authority and the other Company’s public.

The Corporate Secretary has an important role in bridging communications between the Company and the public, to maintain the Company’s image and to ensure compliance of the Company with the applicable laws and regulations as a public company and the provisions of Good Corporate Governance. The Corporate Secretary shall regularly submit a report of open information, to manage the Company’s communications with the public through printed and electronic media, to be responsible for managing Corporate Social Responsibility (CRS) activities, and to act as the Company’s contact person.

During 2014 the Corporate Secretary has attended trainings/ seminars/workshops either conducted in-house or outside the Company including:- Dissemination of Regulation of Financial Services Authority- Investor Summit and Capital Market Expo 2015- Economy Outlook 2016- Halal Assurance System Training- Economic and Capital Market Outlook 2016

During 2015, the Corporate Secretary has carried out various activities including:• Preparation of 2014 Annual Report;• Holding EGMS and AGMS on 23 April 2015;• Organizing an Annual Public Expose on 23

April 2015; • Distribution of Dividends on 27 May 2015;• Organizing meetings of the Board of

Directors and Board of Commissioners of the Company;

• Transparency of information in relation to the quarterly, mid-yearly, and annual financial statements;

• Meetings with analysis either directly or through telephone conferences;

• Transparency of information in relation to the purchase and sale transaction of the land and building in Sunter – North Jakarta;

• Transparency of information in relation to fire incident at the Company’s plant;

• Other transparency of information;• Management of Company’s website and

social media;• Performance of Company’s corporate social

responsibilty (CSR) activities;• Management of Company’s internal

communication activities;

• Penerapan Tata Kelola Perusahaan yang Baik;• Wawancara dengan media.

AUDIT INTERNALDivisi Internal Audit berfungsi secara independen dan objektif menjamin usaha Perseroan berjalan efektif dan memiliki integritas.

Divisi Internal Audit dipimpin oleh seorang Kepala Internal Audit yang bertanggung jawab langsung kepada Direktur Internal Audit dan Presiden Direktur/CEO Perseroan. Saat ini Kepala Internal Audit dijabat oleh Muhammad Arif Kurniawan sesuai dengan SK Direksi Nomor 011/DIR/XII/2015 terhitung mulai bulan Januari 2016 sampai sekarang. Muhammad Arif Kurniawan bergabung dengan Perseroan sebagai Manajer Departemen Management Planning pada bulan April 2012. Ia kemudian diangkat menjadi Kepala Divisi Organizational Development and Talent Management, Departemen HRD, pada bulan Februari 2013 sebelum akhirnya menjadi Kepala Divisi Internal Audit. Ia menyelesaikan pendidikannya sebagai Bachelor of Economics (International Economics) di University of Hyogo, Kobe, Jepang.

Sebagaimana tercantum dalam piagam Divisi Internal Audit yang telah disetujui pada bulan Juli 2008, tugas dan tanggung jawab Divisi Internal Audit adalah sebagai berikut:a) Menyusun rencana audit tahunan dan

melaksanakan rencana tersebut;b) Menguji dan melakukan pengendalian

internal sesuai dengan kebijakan Perusahaan;c) Melakukan pemeriksaan dan penilaian atas

efisiensi dan efektivitas di bidang keuangan, akuntansi, operasional, sumber daya manusia, teknologi informasi serta kegiatan lainnya;

d) Melakukan pemeriksaan kepatuhan terhadap ketentuan peraturan dan perundang-undangan yang berlaku;

e) Memberikan rekomendasi langkah perbaikan dan informasi yang objektif mengenai kegiatan departemen yang di audit demi meningkatkan efisiensi dan efektifitas kerja serta penggunaan sumber daya dan dana;

f) Menyusun laporan hasil audit dan menyampaikan laporan tersebut kepada Presiden Direktur/CEO dan Dewan Komisaris;

g) Memantau, menganalisa dan memberikan laporan pelaksanaan tindak lanjut perbaikan yang telah direkomendasikan;

h) Mendukung pelaksanaan tugas komite audit;

i) Menyusun program untuk melakukan evaluasi mutu terhadap kegiatan audit internal yang dilakukan;

j) Berperan aktif sebagai inisiator dan peninjau dalam pembuatan kebijakan dan prosedur sebagai panduan di setiap departemen dan pelaksanaan audit.

Pada tahun 2015, Divisi Internal Audit telah

• Determination of Good Corporate Governance;

• Interviews with the media.

INTERNAL AUDITThe Internal Audit division works independently and objectively to ensure the Company’s business runs effectively and has the integrity.

The Internal Audit division is headed by one Chief of Internal Audit who reports directly to the Internal Audit Director and the President Director/CEO of the Company. Currently the Chief of Internal Audit position is held by Muhammad Arif Kurniawan pursuant to Decision of the Board of Directors No. 011/DIR/XII/2015 as of January 2016 up to now. Muhammad Arif Kurniawan joined the Company as a Manager of the Management Planning Department in April 2012. He was then appointed as the Division Head of Organizational Development and Talent Management, HRD Department, in February 2013 before he was appointed as a Division Head of Internal Audit. He completed his education as a Bachelor of Economics (International Economics) from the University of Hyogo, Kobe, Japan.

As contained in the Internal Audit Division charter which has been aproved in July 2008, the duties and responsibilities of the Internal Audit Division are as follows:a) To prepare an annual audit plan and to carry

out such plan;b) To assess and perform internal control in

accordance with the Company’s policy;c) To conduct evaluations and assessments

of the efficiency and effectiveness of the financial, accounting, operational, human resources, information technology sectors as well as other activities;

d) To assess compliance with the applicable laws and regulations;

e) To give recommendations for improvements and objective information concerning the activities of the department being audited in order to improve efficiency and effectiveness of work and utilization of resournces and funds;

f) To prepare a report of audit results and to submit such report to the President Director/CEO and the Board of Commissioners;

g) To monitor, analyze and provide a report of performance and follow up of improvements that have been recommended;

h) To support the audit committee in the performance of their duties.

i) To prepare a program to carry out quality assessments on the internal audit’s activities;

j) To have an active role as an initiator and observer in the preparation of policies and procedures as a guideline in each department and audit execution.

In 2015, the Internal Audit Division has carried

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melaksanakan audit operasional sesuai dengan rencana kerja audit dengan mengacu pada Peraturan Perusahaan dan Standard Operating Procedure (SOP). Selain itu Divisi Internal Audit juga telah melakukan internal assessment atas sistem pengendalian internal berdasarkan instruksi audit dari perusahaan induk, Mandom Corporation, Jepang untuk memenuhi persyaratan Japanese Financial Instruments and Exchange Act (J-SOX).

Laporan hasil audit beserta rekomendasi perbaikannya telah disampaikan kepada Direksi dan juga departemen atau divisi yang diaudit.

SISTEM PENGENDALIAN INTERNAL1. Pengendalian Keuangan dan Operasional

serta Kepatuhan Terhadap Peraturan Perundang-Undangan lainnyaSistem pengendalian internal atas laporan keuangan dan kegiatan operasional dievaluasi berdasarkan pendekatan resiko yang ada di dalam Perseroan yang meliputi:1.1. Entity Level Control

Komponen dasar pengendalian di tingkat Perseroan meliputi Control Environment, Risk Assessment & Response, Control Activities, Information & Communication, IT Monitoring & Response dengan mempertimbangkan semua aspek yang mempunyai dampak signifikan terhadap pelaporan keuangan secara keseluruhan.

1.2. Process Level ControlPengendalian pada tingkat proses bisnis dengan ruang lingkup kegiatan yang memiliki pengaruh material terhadap keandalan pelaporan keuangan meliputi rancangan aktifitas pengendalian serta penerapannya dalam kegiatan operasional Perseroan.

1.3. Financial Closing & Reporting ProcessPengendalian atas proses tutup buku laporan keuangan mencakup prosedur dan kebijakan akuntansi untuk menyusun laporan keuangan sehingga dapat disajikan secara wajar sesuai dengan standar akuntansi yang berlaku umum.

1.4. IT ControlPengendalian atas penggunaan teknologi informasi untuk mendukung kegiatan operasional perusahaan dengan ruang lingkup pengendalian IT (IT Company Level Control) dan IT General Control yang meliputi Pengembangan & Pemeliharaan Sistem, Keamanan Informasi, Sistem Operasi dan Service Level.Sebagai bagian terpenting dalam pelaksanaan tata kelola perusahaan, Perseroan berkomitmen untuk menjalankan kepatuhan terhadap peraturan perundang-undangan yang

out an operational audit in accordance with the audit work plan with reference to the Company Regulation and Standard Operating Procedure (SOP). In addition, the Internal Audit Division has also carried out an internal assessment or an internal control system based on audit instructions from the head office, Mandom Corporation, Japan in order to meet the requirementss of Japanese Financial Instruments and Exchange Act (J-SOX).

A report of audit results together with recommendations for improvement has been submitted to the Board of Directors and also the audited departments and divisions.

INTERNAL CONTROL SYSTEM1. Financial and Operational Control as well as Compliance with the other Laws and Regulations.The internal control system of the financial statements and operational activities is evaluated based on risk approach existing in the Company which includes:1.1. Entity Level Control

The basic component of control at the Corporate level covers the Control Environtment, Risk Assessment & Response, Control Activities, Information & Communication, IT Monitoring & Response taking into account all aspects that have significant impacts on the financial reporting as a whole.

1.2. Process Level ControlControl at the business process level with the scope of activities that have material impacts on the reliability of financial reporting covers the design of control activities as well as the implementation in the operational activities of the Company.

1.3. Financial Closing & Reporting ProcessControl of the process of closing of books of financial statement including accounting procedures and policies to prepare a financial statement so as it can be presented properly in accordance with the generally applicable accounting standards.

1.4. IT ControlControl over the use of information technology to support the company’s operational activities with the scope of IT control (IT Company Level Control) and IT General Control that covers System Development & Maintenance, Security of Information, Operational System and Service Level.As the most important part in the performance of corporate governance, the Company is committed to comply with the prevailing laws and

berlaku maupun peraturan intern Perseroan. Manajemen menyadari bahwa kepatuhan terhadap peraturan dapat menjaga agar seluruh risiko usaha yang timbul tetap pada tingkat yang dapat diterima sehingga kegiatan usaha Perseroan tetap pada jalur yang tepat dalam rangka mencapai kinerja yang bersih, menguntungkan dan berkesinambungan.

2. Review atas Efektivitas Sistem Pengendalian InternalDivisi Internal Audit memberikan dukungan penuh kepada manajemen Perseroan untuk menjalankan sistem pengendalian internal secara efektif terutama pengendalian internal atas laporan keuangan yang dirancang untuk memberikan keyakinan memadai terhadap keandalan pelaporan keuangan sesuai dengan prinsip standar akuntansi yang berlaku umum.

Manajemen telah melakukan penilaian atas efektifitas pengendalian internal terhadap pelaporan keuangan pada tanggal 31 Desember 2015 menggunakan kriteria yang sesuai dengan “Standard and Practice Standard for Management Assessment and Audit concerning Internal Control Over Financial Reporting” yang diterbitkan oleh Business Accounting Council of Japan sehubungan dengan persyaratan yang diwajibkan oleh Japanese Financial Instruments and Exchange Act (J-SOX). Menurut hasil penilaian tersebut, manajemen menilai bahwa sistem pengendalian internal Perseroan atas pelaporan keuangan periode sampai dengan tanggal 31 Desember 2015 telah dinilai efektif.

RISIKO USAHABelajar dari pengalaman musibah kebakaran pada tanggal 10 Juli 2015, Perseroan semakin menyadari pentingnya identifikasi dan perencanaan penanganan resiko secara umum dan resiko kecelakaan atau bencana secara khususnya. Perseroan telah terlebih dahulu membangun sistem penanganan resiko bencana dan kecelakaan sehingga dapat cepat mengambil keputusan dan tindakan ketika peristiwa yang tidak diinginkan tersebut terjadi. Dengan bantuan dari seluruh komponen perusahaan, penanganan bencana mulai dari saat terjadi, sesaat setelah terjadi, hingga penanganan paska kejadian bisa dilakukan dengan terorganisasi dan teratur.Paska kejadian setelah kondisi kembali kondusif, dengan didukung oleh perusahaan induk yang sudah lebih dahulu membangun sistem manajemen resiko terutama di bidang bencana dan kecelakaan, Perseroan melakukan review atas sistem yang dimiliki dan dengan segera melakukan perbaikan yang diperlukan. Dari hasil review itulah, Perseroan memandang perlu untuk menata ulang sistem penanganan resiko dengan memfokuskan pada resiko berikut ini :

1. Resiko Kecelakaan dan Bencanaa. Pembentukan Posko Penanganan

regulations as well as the Company’s internal regulations. The management is aware that compliance with regulations can be maintained so as all business risks that may arise could remain at an acceptable level so that the Company’s business activities remain on the right track in order to achieve a clean, profitable and sustainable performance.

2. Review on the Effectiveness of the Internal Control SystemThe Internal Audit division gives full support to the Company’s management to run the internal control system effectively especially the internal control over financial statements designed to give sufficient assurance on the reliability of financial reporting in accordance with the generally acceptable accounting standard principles.

The management has conducted an assessment of the effectiveness of internal control over the financial reporting on 31 December 2015 using the criteria that matches the “Standard and Practice Standard for Management Assessment and Audit concerning Internal Control Over Financial Reporting” issued by the Business Accounting Council of Japan in relation to the conditions required by Japanese Financial Instruments and Exchange Act (J-SOX). According to the result of such research, the management considers that the Company’s internal control system over the financial reporting for the period up to 31 December 2015 has been effective.

BUSINESS RISKSLearning from the fire incident that occured on 10 July 2015, the Company is more aware of the importance of identifying and planning risk management in general and the risk of accident or disaster in particular.The Company has previously built the system for managing disaster risks and accident in order to be able to quickly make a decision and take action when such an unexpected event occurs. With the help of all components of the Company, management of disaster starting from the initial, immediately after the occurance, up to post-insident management can be carried out in an organized and orderly manner.After the incident when condition has been resumed, with the support of the head office which has already built the risk management system especially in the area of disaster and accident, the Company reviewed the available system and immediately carried out improvements required. From the result of such review, the Company deems it necessary to re-arrange the risk management system by focusing on the following risks:

1. Accident and Disaster Risksa. Establishment of an Accident and

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Kecelakaan dan BencanaGuna mencegah dan menangani bencana dan kecelakaan dalam segala bentuk, maka Perseroan membentuk gugus tugas yang terdiri dari 1 posko utama yang merupakan pusat kendali dan informasi ketika terjadi kecelakaan atau bencana dalam skala besar, dan posko khusus sesuai jenis kecelakaan atau bencana yang terjadi. Posko utama langsung berada di bawah komando Presiden Direktur/CEO dan Wakil Presiden Direktur, sementara posko khusus dikepalai oleh masing-masing kepala posko yang telah ditunjuk oleh Manajemen dan melapor langsung ke kepala posko utama. Adapun posko khusus yang telah dibentuk adalah :- Posko bencana kebakaran- Posko demo anarkis dan kerusuhan- Posko gempa bumi dan angin ributMasing-masing posko secara berkala melakukan latihan dan simulasi berdasarkan jenis resiko yang dihadapi.

b. Perbaikan Aktifitas K3Selain itu, untuk bisa menjamin efektifitas kegiatan Kesehatan dan Keselamatan Kerja (K3), Perseroan membentuk divisi khusus K3 di dalam Departemen Quality Control yang sebelumnya tergabung dalam Divisi K3 & Industrial Relations di bawah Departemen HRD. Sesuai karakteristik tugas Departemen Quality Control yang memang kebanyakan berada di lapangan, diharapkan pemahaman situasi lapangan itu bisa membuat kegiatan K3 menjadi lebih efektif dalam melakukan tindakan preventif, selain tindakan yang bersifat kuratif dan reaktif.

Untuk melengkapi kemampuan karyawan dalam penanganan kecelakaan dan bencana, maka Perseroan juga telah mengadakan pelatihan dengan mengirim karyawan atau mengundang ahli dari instansi terkait guna mendidik karyawan menjadi tenaga ahli yang berhubungan dengan Keselamatan dan Kesehatan Kerja (K3).

2. Risiko Terganggunya Pasokan ProdukDengan meningkatnya jumlah kendaraan yang beredar di jalan, proses pembangunan infrastruktur transportasi di banyak titik sepanjang pulau Jawa, dan berbagai macam penyebab lainnya, tingkat kemacetan lalu lintas di pulau Jawa semakin meningkat dari tahun ke tahun. Hal ini berpotensi besar

Disaster Management Command PostIn order to prevent and handle disasters and accidents in all forms, the Company has established a task force comprising of 1 main command post which serves as a control and information center when an accident or disaster in a large scale occurs, and a special command post based on the type of accident or disaster that occurs. The main command post is directly under the command of the President Director/CEO and Vice President Director, while the special command posts are headed by each head of command post who have been nominated by the Management and report directly to the head of main command post. Special command posts that have been established are:- Command post for fires disaster- Command post for anarchistic demonstrations and riots- Command post for earthquakes and typhoonsEach command post regularly conducts exercises and simulations based on the type of risk being faced.

b. Improvement of K3 ActivitiesIn addition, in order to ensure the effectiveness of Health and Occupational Safety (K3) activities, the Company has formed a special K3 division within the Department of Quality Control which was formerly included in the K3 & Industrial Relations Division under the HRD Department. Based on the characteristics of the duties of Quality Control Department which are mostly in the field, it is expected that the understanding of field situation can make the K3 activities become more effective in carrying out preventive actions, in addition to those of curative and reactive nature.

In order to equip the employees with the ability to handle accidents and disasters, the Company has also conducted trainings by sending employees outside or inviting experts from relavant institutions to educate the employees to become expert in Safety and Occupational Health (K3).

2. The Risk of Disruption to Product SupplyWith the increasing number of vehicles running on the streets, the process of development of transportation infrastructure in many points along the Java Island, and various other causes, the level of traffic jam in the Java Island is

menyebabkan keterlambatan sampainya produk ke tangan konsumen, terutama yang berada jauh dari pusat produksi. Oleh karena itulah di tahun 2015 Perseroan mengambil inisiatif membangun sebuah Distribution Center (DC) khusus untuk melayani pasar Indonesia Timur yang berpusat di Surabaya. Dengan beroperasinya DC ini di tahun 2016, diharapkan ketersediaan pasokan di wilayah yang jauh dari pusat produksi Cibitung pun bisa terjaga demi memenuhi komitmen kami kepada konsumen.

3. Risiko Ketersediaan Bahan BakuTerganggunya pasokan bahan baku akibat faktor eksternal seperti kondisi cuaca buruk pada saat pengiriman, aksi terorisme, demonstrasi/mogok pekerja transportasi, dan lain-lain menjadi risiko tersendiri yang mengkhawatirkan bagi Perseroan dikarenakan dapat mengganggu proses produksi yang berujung pada terganggunya pasokan produk kepada konsumen. Dalam rangka mengendalikan risiko tersebut maka Perseroan menerapkan kebijakan supplier ganda dan membangun sistem database supplier, terutama untuk bahan atau material yang memiliki komposisi besar di dalam proses produksi.

4. Risiko Valuta AsingKondisi nilai tukar mata uang asing yang fluktuatif menjadi risiko yang cukup signifikan bagi Perseroan karena di tahun sebelumnya hampir 70% transaksi pembelian bahan baku menggunakan valuta asing. Kondisi ini tertolong dengan diberlakukannya larangan transaksi menggunakan valuta asing bagi transaksi dalam negeri Indonesia sejak pertengahan tahun lalu melalui Peraturan Bank Indonesia Nomor 17/3/PBI/2015. Berkat aturan tersebut, nilai transaksi pembelian menggunakan mata uang asing turun hingga kurang dari 50%, sampai dengan akhir tahun lalu.

Untuk semakin mengurangi risiko ini, Perseroan terus berusaha memperbesar porsi ekspor agar bisa melakukan natural hedging. Selain itu Perseroan juga melakukan perencanaan yang baik atas setiap pembayaran yang menggunakan mata uang asing sehingga bisa menekan kerugian akibat valas hingga seminimal mungkin.

5. Risiko Lain-lainGuna meningkatkan standar ketaatan hukum dalam segala aspek kegiatan bisnis, Perseroan juga mengimplementasikan audit sesuai standar Worldwide Responsible Accredited Production (WRAP) yang hasilnya diharapkan bukan hanya membantu meminimalisasi risiko yang berhubungan dengan keselamatan dan kesehatan kerja,

increasing year by year. This has big potential to cause delays of product to reach the consumers, especially those located far from the production center. Therefore, in 2015 the Company took the initiative to build a Distribution Center (DC) specifically to serve East Indonesia markets centered in Surabaya. With the operation of this DC in 2016, it is expected that the availability of stocks in areas far from the Cibitung production center can be maintained in order to meet our commitments to consumers.

3. The Risk of Availability of Raw MaterialsDistruptions in the supply of raw materials due to external factors such as bad weather condition during the time of delivery, terrorist actions, demonstration/strikes of transportation personnel, etcetera become the risks of special concern for the Company as these could disturb production process which could ultimately cause disruptions in product supply to the consumers. In order to control those risks, the Company implements a double supplier policy and builds a supplier database system, especially for materials having big composition in the production process.

4. Foreign Currency RisksThe condition of fluctuating foreign exchange rate becomes a quite significant risk for the Company because in the previous year almost 70% of the transactions for raw materials purchase used foreign currencies. This condition can be saved with the implementation of prohibition for transaction using foreign currency for transactions within Indonesia since mid of last year through Regulation of Bank Indonesia Number 17/3/PBI/2015. With this regulation, the purchase transaction using foreign currency has dropped down to less than 50%, until end of last year.

In order to mitigate this risk, the Company continues to increase the export portion so as to be able to carry out natural hedging. In addition, the Company has also made a good planning of each payment using foreign currencies so as to press any loss due to foreign exchange to the minimum level.

5. Other RisksIn order to increase the standard of legal compliance in all aspects of business activities, the Company has also implemented an audit based on the Worldwide Responsible Accredited Production (WRAP) standard the result of which is expected not only to help minimize the risk related to occupational safety and health, but also can increase

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tapi juga bisa meningkatkan kepercayaan rekan bisnis terhadap Perseroan dalam hal social and environment compliance.Selain melakukan kegiatan-kegiatan di atas, untuk mengurangi risiko kerugian akibat bencana yang tidak dapat dihindari, Perseroan juga telah mengasuransikan asset-aset Perseroan.

Review atas Efektivitas Sistem Manajemen RisikoEvaluasi efektivitas sistem manajemen risiko dilakukan oleh Divisi Internal Audit secara berkala. Perseroan senantiasa memonitor dan melakukan evaluasi serta memetakan resiko-resiko yang mungkin belum teridentifikasi. Laporan hasil audit beserta rekomendasi perbaikannya telah disampaikan kepada Direksi dan juga departemen atau divisi yang diaudit.

PERKARA PENTING YANG DIHADAPI OLEH EMITEN ATAU PERUSAHAAN PUBLIK, ENTITAS ANAK, ANGGOTA DEWAN KOMISARIS DAN DIREKSI YANG SEDANG MENJABATSelama tahun 2015 tidak ada perkara penting yang dihadapi oleh Perseroan maupun anggota Dewan Komisaris dan Direksi yang sedang menjabat.

KODE ETIK PERUSAHAANSebagai bagian dari perusahaan grup, Mandom Group, Perseroan memegang teguh suatu pedoman perilaku yaitu Kode Etik Grup Mandom untuk menjadi panduan bagi seluruh manajemen dan karyawan Perseroan dalam mewujudkan suatu kehidupan yang lebih menyenangkan, indah, dan sehat.

Kode etik ini berlaku bagi Perusahaan, Dewan Komisaris, Direksi, dan karyawan Perseroan. Seluruh anggota Dewan Komisaris, Direksi, dan karyawan kunci telah menanda-tangani pernyataan bahwa mereka telah membaca, memahami, dan akan mematuhi Kode Etik Grup Mandom. Kode etik dan budaya perusahaan disosialisasikan juga melalui media komunikasi internal Perseroan, Hallo Mandom.

Garis besar Kode Etik adalah sebagai berikut:

I. Ketaatan Terhadap Hukum dan Norma-Norma Sosial; Prinsip-Prinsip Etika dan Pelaksanaannya 1. Pengetahuan Mendalam Mengenai dan

Kepatuhan Terhadap Hukum dan Norma-Norma Sosial

2. Penanganan Cepat Terhadap Pelanggaran Atas Hukum dan Norma-Norma Sosial dan Tindakan Tegas Selanjutnya

3. Kepatuhan Terhadap Kontrak 4. Prinsip-prinsip Etika dan Pelaksanaannya 5. Pembuatan dan Pengoperasian Sistem

Kendali Internal

the trust of business partners towards the Company in the area of social and environmental compliance.In addition to carrying out the above activities, in order to mitigate the risk of loss due to unavoidable disasters, the Company has also insured its assets.

Review on the Effectiveness of the Risk Management System The evaluation on the effectiveness of the risk management system is conducted by the Internal Audit Division regularly. The Company continuously monitor and evaluate as well as mapping unidentified risks. The audit report along with the improvement recommendations have been submitted to the Board of Directors and audited departments or divisions.

IMPORTANT LEGAL CASES FACED BY THE COMPANY, SUBSIDIARIES, MEMBERS OF THE BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS SERVING IN THE PERIOD OF THE ANNUAL REPORTDuring the year 2015, there where no important legal cases faced by the Company and /or members of the Board of Commisioners and Board of Directors serving in the periode of the annual report.

CORPORATE CODE OF ETHICSAs part of a group company, Mandom Group, the Company adhere to Mandom Group’s Code of Ethics as a guidance for all management and employees of the Company in realizing a comfortable lifestyle supported by health and beauty.

This code of ethics is applicable to the Company, the Board of Commissioners, the Board of Directors and employees of the Company. All members of the Board of Commissioners, the Board of Directors and key employees have signed a statement that they have read, comprehended and will comply with Mandom Group’s Code of Ethics.

The outline of the Code of Ethics is as follows:

I. Compliance with Laws and Social Norms; Ethical Principles and Operations1. Thorough Knowledge of and Adherence

to Laws and Social Norms

2. Quick Redress of Violations of Laws and Social Norms and Subsequent Strict Action

3. Compliance with Contracts4. Ethical Principles and Operations5. Creation and Operation of an Internal

Control System

II. Prinsip-prinsip dan Operasi Bisnis Grup Mandom 1. Penyediaan Produk dan Jasa yang Aman,

Terpercaya, dan Menarik2. Transaksi Bisnis yang Adil, Bersih dan

Bebas3. Pengelolaan Aset Perusahaan Secara

Tepat 4. Kegiatan Bisnis di Luar Negeri

III. Lingkungan Global dan Grup Mandom

1. Kegiatan-Kegiatan untuk Mengurangi Dampak Lingkungan Sesuai dengan Sistem Pengelolaan Lingkungan

2. Peningkatan Penghematan/Daur Ulang Sumber Daya

3. Kewajiban Kita sebagai Warga Negara

IV. Masyarakat dan Grup Mandom 1. Kerjasama dan Integrasi dengan

Komunitas-Komunitas Lokal 2. Kontribusi Sosial

3. Ketidakterlibatan dengan Kekuatan-Kekuatan Anti-Sosial

4. Komunikasi dengan Masyarakat

V. Orang-Orang yang Bekerja untuk Grup Mandom 1. Visi Sumber Daya Manusia yang Ideal2. Visi Perusahaan yang Ideal 3. Penghargaan Terhadap Hak Asasi

Manusia, Larangan Terhadap Perlakuan Diskriminatif

4. Pembedaan Antara Urusan Resmi dan Urusan Pribadi

5. Larangan Terhadap Tindakan Benturan Kepentingan/Kompetisi

6. Pembentukan Budaya Perusahaan dari Standar Etika Tinggi dan Kewaspadaan

BUDAYA PERUSAHAANDalam setiap kegiatan bisnisnya Perseroan terus berupaya untuk menanamkan “KohDoh” atau yang berarti secara harfiah “berfikir dan bekerja”. Dengan berfikir dan bekerja secara simultan, Perseroan senantiasa melatih ide-ide orisinal dan kreativitas untuk dapat menghasilkan produk yang atraktif dan bernilai tinggi bagi konsumen. Bagi Perseroan, suatu perusahaan akan terus tumbuh dan dihormati oleh lingkungan jika berhasil menyeimbangkan antara kepuasan konsumen, karyawan, dan publik lainnya, sementara pada saat yang sama, berusaha mewujudkan filosofi perusahaannya.

Berikut adalah prinisp-prinsip yang menjadi pedoman standar dalam operasional Perseroan setiap harinya.

(1) “KohDoh” for Value MaximizationKami melandaskan prinsip kerja pada formula “Nilai Produk atau Pelayanan = Fungsi/Biaya” dan kami akan berusaha untuk merumuskan kerangka kerja dalam rangka memaksimalkan nilai tersebut dan

II. Mandom Group’s Business Principles and Operations1. Supply of Safe, Reliable and Attractive

Products and Services2. Fair, Clean, and Free Business Transactions3. Appropriate Management of Company

Assets4. Overseas Business Activities

III. The Global Environment and Mandom Group1. Activities to Reduce Environmental

Impact in Line with the Environmental Management System

2. Promotion of Resource Saving/Recycling3. Our Duty as a Citizen

IV. Society and Mandom Group1. Cooperation and Integration with Local

Communities2. Social Contribution3. Non-involvement with Antisocial Forces4. Communication with Society

V. The People Who Work for Mandom Group

1. Ideal Human Resources Vision2. Ideal Company Vision3. Respect for Human Rights, Ban on

Discriminatory Treatment

4. Differentiation between Official and Personal Matters

5. Restriction on Acts of Conflict of Interest/Competition

6. Creation of a Corporate Culture of High Ethical Standards and Alertness

CORPORATE CULTUREIn any of its business activities, the Company has been making continuous endeavors to promote “KohDoh” which literally means ”thinking and working”. By thinking and working simultaneously, the Company is constantly developing original ideas and creativity in order to produce attractive and highly valuable products for the consumers. For the Company, a company will continue to grow and gain the respect of its surrounding community if it is able to strike a balance between the satisfaction of the consumers, employees and other public, and at the same time, striving for the realization of the company’s philosophy. Below are some principles which guided the Company and hoped to be able to give positive impact not only for the Company’s business, but also for every element surrounds the Company’s.

(1) “KohDoh” for Value MaximizationWe herald a formula “Function divided by Cost gives Value (of products and services)” and try to create the framework for

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juga jumlah konsumen yang mendapatkan manfaat darinya.

(2) “KohDoh” for Self-actualizationSebuah perusahaan harus menyediakan landasan untuk aktualisasi diri serta pelaksanaan kewajiban seseorang. Lingkungan kerja kami sangat ideal untuk mengakomodir setiap orang dalam menunjukkan kemampuannya, sehingga dapat mendorong aktualisasi diri yang sukses dari setiap karyawan dan pada akhirnya akan mengarah pada realisasi dari misi korporat kami.

(3) “KohDoh” for Profitability EnhancementProfitabilitas adalah hal yang penting sehubungan dengan pertanggung-jawaban ekonomi Perseroan. Untuk itu kami berusaha untuk menerapkan metode-metode yang dapat menghasilkan manajemen yang efisien dan peningkatan laba.

(4) “KohDoh” for Good EthicsFilosofi manajemen kami menghargai nilai kejujuran kepada masyarakat, sebagai contoh, kami mematuhi undang-undang, peraturan, dan norma-norma sosial. Kami selalu berpikir dan bekerja secara etis, dan kami mempunyai kesadaran yang jelas terhadap kewajiban kami terhadap masyarakat.

(5) “KohDoh” for Successful Business Partnerships

Kami berbagi misi kami “OYAKUDACHI bagi konsumen” yang berarti “Memberi Manfaat kepada Konsumen” bersama dengan mitra usaha, dan kami juga membangun hubungan usaha yang dapat mewujudkan kemakmuran bersama dalam jangka panjang.

(6) “KohDoh” for Environmental PreservationMengambil pendekatan serius terhadap isu-isu lingkungan adalah salah satu esensi dari perusahaan yang sedang berkembang. Kami mendedikasikan diri kami terhadap pemeliharaan lingkungan global.

(7) “KohDoh” for PhilanthropyUntuk “memberi kontribusi sosial secara stabil dan berjangka panjang”, maka kami akan mengadakan kegiatan-kegiatan yang didalamnya mengandung unsur kontribusi demi kemajuan masyarakat.

TANGGUNG JAWAB SOSIAL PERUSAHAANPerseroan percaya bisnis yang berkelanjutan dapat diciptakan jika kegiatan bisnis bersinergi baik dengan lingkungan maupun sosial. Untuk itu, Perseroan senantiasa berupaya mewujudkan hal tersebut melalui beberapa program tanggung jawab sosial yang terdiri dari beberapa aspek, antara lain Lingkungan, Sosial dan Pendidikan, Quality Assurance dan Ketenagakerjaan.

maximizing the value itself and the number of consumers benefitting from it.

(2) “KohDoh” for Self-actualizationA company should provide the platform for self-actualization as well as for the performance of one’s duty. Our working environment is ideal for everyone to demonstrate his/her own ability, which will encourage successful self-actualization of each employee and eventually lead to the realization of our corporate mission.

(3) “KohDoh” for Profitability EnhancementSince profitability is a critical matter for a company bearing economic responsibility, we try to implement methods for efficient management and increased profits.

(4) “KohDoh” for Good EthicsOur management philosophy values honesty to the society, as such, we comply with laws, regulations and social norms. We always think and work ethically, having a clear sense of duty to the society.

(5) “KohDoh” for Successful Business PartnershipsWe share our mission “OYAKUDACHI for consumers” with our partners, and establish partnerships that promote long-term mutual prosperity.

(6) “KohDoh” for Environmental PreservationTaking a serious approach to environmental issues is one of the essentials for a thriving company. We devote ourselves to the preservation of the global environment.

(7) “KohDoh” for PhilanthropyWe value philanthropic activities, which make long-term contributions to the development of our society.

COMPANY SOCIAL RESPONSIBILITYThe Company believes that a sustainable business can be created if business activities have good synergy with the environment and social. For this, the Company always attempts to realize it through some social responsibility programs consisting of several aspects, such as the Environment, Social and Education, Quality Assurance and Manpower.

Mewujudkan Kegiatan Bisnis yang Ramah LingkunganPerseroan berkomitmen untuk terus menciptakan pertumbuhan bisnis yang sejalan dengan peningkatan kualitas lingkungan. Untuk itu, Perseroan berupaya mewujudkan kegiatan bisnis yang ramah bagi lingkungan dengan cara:

• Pengolahan dan Pengawasan LimbahPerseroan sadar dan peduli akan limbah yang dihasilkan. Salah satu upaya yang dilakukan Perseroan dalam menjaga lingkungan adalah membangun instalasi pengolahan limbah agar limbah yang dihasilkan aman bagi lingkungan sekitar.

Air olahan limbah dikontrol secara ketat oleh tim pemantau limbah dan Departemen Quality Control setiap harinya. Selain itu, pemantauan limbah juga dilakukan setiap bulan oleh pengelola Kawasan Industri MM 2100, Bekasi. Hasil pemantauan dan controlling yang telah dilakukan, dilaporkan setiap 6 bulan sekali ke Badan Pengelola Lingkungan Hidup Daerah (BPLHD) dan dimasukkan ke Laporan Implementasi Rencana Pengelolaan Lingkungan dan Rencana Pemantauan Lingkungan (RKL & RPL) yang kemudian dilaporkan ke Kementerian Lingkungan Hidup.

Sedangkan untuk limbah Bahan Berbahaya dan Beracun (B3), Perseroan telah memiliki izin untuk menyimpan sementara limbah B3, yang kemudian limbah tersebut diangkut oleh pihak ketiga.

• Mewujudkan Lingkungan Kerja yang SehatUntuk menjaga kualitas udara, Perseroan melakukan penghijauan di sekitar lokasi, selain itu Perseroan juga secara rutin melakukan uji emisi terhadap kendaraan boiler maupun emisi cerobong. Sedangkan untuk menjaga lingkungan kerja, Perseroan secara rutin melakukan pengecekan ambient (kondisi udara) ruang produksi dan kebisingan ruangan.

• Menciptakan Produk yang Ramah LingkunganPerseroan berkomitmen untuk menciptakan produk yang ramah lingkungan dengan menciptakan produk yang bersinergi dengan kebijakan 3R, yaitu Reduce, Reuse dan Recycle tanpa harus mengurangi kepuasan konsumen dari segi mutu, fungsi dan desain. Untuk itu, Perseroan secara aktif menawarkan produk kemasan refill pada beberapa produknya, seperti GATSBY Body Shower Gel, PIXY Two Way Cake, Angry Birds Shower Gel, dan lain-lain. Aksi ini diharapkan bisa mengurangi penggunaan botol plastik yang lebih sulit terurai.

To Realize Environmentally-friendly Business ActivitiesThe Company is committed to constantly creating a business growth which is in line with the increasing quality of environment. For this, the Company attempts to realize a business activity which is environmentally friendly by:

• Processing and Supervision of WastesThe Company realizes and cares about the wastes produced. One of the efforts made by the Company to take care of the environment is to build an installation of waste processing so as the waste produced is safe for the surrounding environment.

The water from waste processing is controlled tightly by a team of waste monitoring and the Department of Quality Control every day. In addition, waste monitoring is also performed every month by the management of Kawasan Industri MM 2100, Bekasi. The results of monitoring and controlling that have been performed, are reported every 6 months to the Local Environmental Management Board (Badan Pengelola Lingkungan Hidup Daerah/BPLHD) and is included into the Report of Implementation of Environmental Management Plan and Environmental Monitoring Plan (RKL & RPL) which is then reported to the Ministry of Environment.

Whereas for Toxic Substance and Hazardous wastes (B3), the Company has obtained a permit to temporarily keep the B3 wastes, which will later be transported by a third party.

• Realizing a Healthy Working EnvironmentTo maintain the air quality, the Company carries out afforestation around the location, and in addition the Company also regularly conducts emission testing of boiler vehicles as well as smokestack emission testing. Whereas to maintain the work environment, the Company regularly performs ambient checking (condition of air) of the production room and room noise.

• Creating Environmentally Friendly ProductsThe Company is committed to creating products that are environmentally friendly by making products that synergize with the 3R policy, that is Reduce, Reuse and Recycle without having to reduce consumer satisfaction in terms of quality, function and design. For this, the Company actively offers refill package products in some of its products, such as Gatsby Body Shower Gel, Pixy Two Way Cake, Angry Birds Shower Gel, etc. This action is expected to reduce the use of plastic bottles which are harder to decompose.

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Berpartisipasi Wujudkan Masyarakat yang Terus Berkembang Perseroan percaya, kegiatan bisnis akan terus berkembang jika dapat bermanfaat bagi setiap elemen masyarakat. Dalam upaya mewujudkan hal tersebut sepanjang tahun 2015 Perseroan telah menyelenggarakan dan ikut berpartisipasi dalam beberapa kegiatan sosial, antara lain:• Mandom EDUcaTrip

Mandom EDUcaTrip merupakan salah satu program tanggung jawab sosial Perseroan di bidang pendidikan. Dalam program ini Perseroan mengajak anak-anak khususnya dari keluarga kurang mampu untuk melakukan wisata edukasi yang dapat memberikan mereka pengalaman menarik, dimana mereka bisa bermain sekaligus belajar melalui berbagai pengalaman yang mereka dapatkan selama kegiatan berlangsung. Kegiatan ini diharapkan dapat memperluas pengetahuan sekaligus memotivasi mereka untuk menggapai cita-citanya. Dalam upaya mewujudkan semangat berbagi di lingkungan Perseroan, karyawan Perseroan juga ikut dilibatkan dalam kegiatan ini, salah satunya bertugas untuk mendampingi anak-anak selama kegiatan berlangsung.

Pada tahun 2015, Mandom EDUcaTrip telah mengajak 163 anak-anak dari dari Yayasan Pembangunan Masyarakat Sejahtera dan Yayasan Anak Sholeh Al-Hidayah, Bekasi untuk melakukan wisata edukasi ke KidZania Jakarta.

• PIXY & GATSBY Modeling SchoolDalam upaya menanamkan hidup yang indah dan sehat kepada anak-anak, Perseroan bekerja sama dengan Kidzania mendirikan establishment Modeling School di KidZania Jakarta. Upaya ini dilakukan agar sejak kecil anak-anak bisa menghargai dirinya sendiri dan memperhatikan penampilan mereka yang akan berdampak positif bagi dirinya dalam mewujudkan cita-citanya.

• Kerjasama dengan Sekolah Menengah Kejuruan (SMK)Perseroan berkomitmen untuk terus mendukung dan memajukan dunia pendidikan di Indonesia. Salah satunya diwujudkan dengan menjalin kerja sama dengan SMK di wilayah DKI Jakarta untuk memberikan pelatihan soft skill seperti marketing skill, etika, pelatihan kerja, serta persiapan memasuki dunia kerja. Diharapkan dengan adanya program ini siswa-siswi yang mendapatkan pelatihan dan kesempatan pelatihan kerja bisa secara cepat diserap oleh dunia kerja.

Participate in Realizing an Ever Growing Community The Company believes that business activities will continue to grow if it is beneficial for every element of the community. In the effort to realize this, in 2015 the Company has organized and taken part in several social activities, such as:• Mandom EDUcaTrip

Mandom EDUcaTrip is one of the Company’s social responsibility programs in the education field. In this program, the Company invited children especially from the low-income families to have an educational trip which could give them an interesting experience, where they could play at the same time learn through various experiences they gained during the activities. This activity is expected to be able to broaden the knowledge at the same time motivate them to reach their ideals. To realize the spirit of sharing within the Company, the Company’s employees were also involved in this activity, such as taking the responsibility to accompany the children during the activity.

In 2015, Mandom EDUcaTrip has invited 163 children from the Yayasan Pembangunan Masyarakat Sejahtera and Yayasan Anak Sholeh Al-Hidaya, Bekasi to take part in the educational trip to KidZania Jakarta.

• PIXY & GATSBY Modeling SchoolIn its effort to grow a beautiful and healthy life to the children, the Company has cooperated with Kidzania to establish a Modeling School at KidZania Jakarta. This effort is made so as since they are small, the kids can appreciate themselves and pay attention to their appearance which will have positive impacts for themselves in order to realize their ideals.

• Cooperation with Vocational High Schools (SMK)

The Company is committed to continously support and develop education sector in Indonesia. One of the efforts is realized by having cooperation with Vocational High Schools (SMK) in the DKI Jakarta area to provide soft skill training such as marketing skill, ethics, vocational training, and preparation to enter into the workforce. It is expected that through this program the students who receive the training and opportunities for work training can be quickly absorbed by the workforce.

• Program #SejutaMasker bekerjasama dengan Badan Nasional Penanggulangan Bencana (BNPB)Sehubungan dengan bencana asap yang terjadi di beberapa wilayah di Indonesia pada tahun 2015, PT Mandom Indonesia Tbk bekerjasama dengan BNPB (Badan Nasional Penanggulangan Bencana) dalam pembuatan masker bagi masyarakat yang terkena bencana asap. Masker tersebut kemudian didistribusikan ke berbagai daerah yang terkena bencana asap akibat kebakaran hutan maupun gunung meletus di daerah Sumatra, hingga Nusa Tenggara Barat.

Terus Berupaya Menghadirkan Produk Terbaik, dari Konsumen dan untuk KonsumenPerseroan terus berkomitmen untuk menciptakan produk terbaik bagi konsumennya. Perseroan juga secara ketat melakukan pengawasan proses produksi dari mulai proses awal hingga produk sampai ditangan konsumen. Selain itu, Perseroan juga secara teliti melakukan tes terhadap bahan baku yang digunakan sesuai dengan standar Mandom Corporation, Jepang juga Badan Pengawas Obat dan Makanan (BPOM).Sementara itu, dalam upaya menjalin komunikasi yang baik dengan konsumen, Perseroan juga menyediakan layanan suara konsumen melalui saluran telepon dan akun media sosial agar konsumen dapat dengan mudah mendapatkan informasi mengenai produk Perseroan maupun menyampaikan keluhan dan saran.

Menghargai Karyawan, Demi Terciptanya Komutitas yang Terus BerkembangSesuai dengan nama Perseroan “Mandom” yang berarti “Human & Freedom”, Perseroan senantiasa menghargai manusia dan kebebasan. Untuk itu, Perseroan terus berupaya menciptakan lingkungan dan suasana kerja yang kondusif, serta memenuhi hak-hak karyawan seperti, fasilitas kesehatan, keamanan & keselamatan dalam bekerja, hingga pengembangan karir.Upaya tersebut dibuktikan Perseroan dengan diraihnya sertifikasi WRAP (Worldwide Responsible Accredited Production) oleh Perseroan pada tahun 2014. Dengan mendapatkan sertifikasi WRAP, membuktikan bahwa Perseroan telah mengimplementasikan kegiatan bisnis yang aman dalam proses produksi, patuh terhadap undang-undangan mengenai lingkungan, dan senantiasa memenuhi hak-hak karyawannya.

Adapun prinsip-prinsip WRAP yang menyangkut ketenagakerjaan sebagai berikut:

• Tidak Melakukan Kerja Paksa Terhadap Karyawan Perseroan menjunjung tinggi hak para karyawannya. Sehingga dalam

• #SejutaMasker Program in cooperation with the National Board for Disaster Management (Badan Nasional Penanggulangan Bencana/BNPB)In relation to the smoke disaster that happened in several areas in Indonesia in 2015, PT Mandom Indonesia Tbk in cooperation with BNPB (National Board for Disaster Management) produced maskers for the people affected by the smoke disaster. The maskers were then distributed to various regions affected by the smoke disaster due to forest fires and volcanic eruption in Sumatera up to West Nusa Tenggara.

Continue to Attempt to Provide the Best Products, from Consumers and for ConsumersThe Company continues to be commited to creating the best products for its consumers. The Company also strictly performs supervision over the production process from the initial process until the products reach the consumers. In addition, the Company also accurately performs testing of the raw materials used in accordance with Mandom Corporation standards, Japan and also Foods and Drugs Supervisory Board (BPOM).Meanwhile, in its efforts to establish good communication with the consumers, the Company also provides consumer voice service through the telephone lines and social media account so as consumers can easily obtain information concerning the Company’s products as well as give complaints and suggestions.

To Respect Employees, in Order To Create a Growing CommunityIn line with the name of the Company “Mandom” which means “Human & Freedom”, the Company always respects man and freedom. For this purpose, the Company continues to attempt to create favorable working environment and condition, and to meet the employees’ rights such as health facility, security & safety in working, up to career development.Such effort is proven by the Company with the achievement of WRAP (Worldwide Responsible Accredited Production) certification by the Company in 2014. By receiving the WRAP certification, it proves that the Company has implemented a safe business activity in the production process, compliant with the laws on environment, and always meets the rights of its employees.

The principles of WRAP related to manpower are as follows:

• No Forced Labor On the Employees The Company highly upholds the rights of

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proses bisnisnya, Perseroan tidak akan mempekerjakan karyawannya secara paksa, tidak sukarela maupun perdagangan orang. Hal ini dibuktikan dengan adanya SOP (Standard Operating Procedure) mengenai Penggunaan Tenaga Kerja, dimana Perseroan secara aktif mengkomunikasikan larangan kerja paksa, mencantumkan larangan kerja paksa dalam surat kontrak kerja yang ditanda-tangani kedua belah pihak, melakukan pengecekan fisik terhadap pekerja setiap datang dan pulang sesuai norma kesopanan, dan secara rutin petugas melakukan pengecekan untuk memastikan tidak adanya praktik kerja paksa di lingkungan Perseroan.

• Tidak Mempekerjakan Pekerja Dibawah Umur

Dalam kegiatan bisnisnya, Perseroan tidak mempekerjakan tenaga kerja dibawah umur. Hal ini dibuktikan dengan adanya SOP Larangan Penggunaan Tenaga Kerja Dibawah Umur, dimana Perseroan melakukan verifikasi umur terhadap calon karyawannya melalui data dan wawancara, serta mengkomunikasikan secara aktif larangan penggunaan pekerja dibawah umur kepada seluruh karyawan dan pihak outsourcing.

• Melarang Keras Pelecehan dan PenyiksaanDalam kegiatan bisnisnya, Perseroan melarang keras pelecehan dan penyiksaan di lingkungan Perseroan. Hal ini dibuktikan dengan adanya SOP mengenai Larangan Pelecehan dan Penyiksaan, dimana Perseroan secara aktif mengkomunikasikan larangan pelecehan dan penyiksaan terhadap seluruh stakeholder, melakukan monitoring secara berkala, dan menjamin setiap pelaporan tindakan pelecehan dan penyiksaan akan ditindak-lanjuti secepatnya.

• Memberikan Upah dan Manfaat sesuai KetentuanPerseroan senantiasa berupaya memberikan upah dan manfaat sesuai dengan standar yang ditentukan. Hal ini dilakukan sebagaimana yang tercantum pada Perjanjian Kerja Bersama, yang telah ditanda-tangani oleh Perseroan dan Serikat Pekerja.

• Mempekerjakan Karyawan Sesuai Dengan Waktu yang DitentukanPerseroan senantiasa mempekerjakan karyawannya sesuai dengan waktu yang telah ditentukan. Adapun untuk penambahan jam kerja, telah disetujui oleh karyawan dengan mendapatkan penambahan upah sesuai jam kerja, dan penambahan jam kerja tidak akan melebihi batas waktu yang telah ditentukan.

• Larangan Diskriminasi Perseroan senantiasa mempekerjakan, menggaji dan mempromosikan karyawan secara objektif tanpa melihat SARA (Suku, Agama, Ras, Antar Golongan). Sehingga kegiatan pengembangan karir menjadi hak

its employees. So, in its business process, the Company would not exercise forced labor, involuntary work or human trafficking of its employees. This is proven with the existing of SOP (Standard Operating Procedure) concerning the utilzation of manpower, where the Company actively communicates prohibition of forced labor, citing the prohibition of forced labor in an employment contract signed by both parties, carries out physical checking of the workers when they come to work and leave work in accordance with courtesy norms, and the authorized personnel regularly check to ensure that there is no forced labor practice in the Company.

• Not Employing Underage WorkersIn its business activities, the Company does not employ underage employees. This is proven by the SOP on Prohibition to Use Underage Employees, where the Company carries out verification of age on its prospective employees through data and interviews, and actively communicates prohibition to use underage employees to all employees and outsourcing partners.

• Strongly Prohibits Abuse and TortureIn its business activities, the Company strongly prohibits any abuse and torture in the Company. This is proven with the SOP on Prohibition to Abuse and Torture, where the Company actively communicates prohibition of abuse and torture against all stakeholders, carries out regular monitoring and ensures that every report on abuse and torture will be promptly followed up.

• Providing Salaries and Benefits in Accordance with the RegulationThe Company always attempts to give salaries and benefits in accordance with the specified standard. This is contained in the Collective Labor Agreement, that has been signed by the Company and Labor Union.

• Putting Employees to Work Based on the Specified TimeThe Company always puts the employees to work in accordance with the time that has been determined. For additional work hours, it has been agreed upon by the employees by receiving additional pay based on the work hours, and the additional hours shall not exceed the time limit as has been set.

• No Discrimination The Company always hires, provides pay and promotes employees objectively without looking at their ethnic, religion, race and group (SARA). So, career development becomes the rights of all employees. This is

No. Pelatihan / Training

01.Workshop Layout Fasilitas & Cara Pembuatan Kosmetik yang Baik (CPKB)

Workshop on Facility Layout & Good Method for Making Cosmetics

02. Halal ManagementHalal Management

03.Be The Best (Internal Training)Be The Best (Internal Training)

04. Halal Certification & Assurance System ImplementationHalal Certification & Assurance System Implementation

05.Sertifikasi Operator Forklift (SIO Forklift)

Certification of Forklift Operator (SIO Forklift)

06.Workshop Claim & Periklanan Perbekalan Kesehatan Rumah Tangga (PKRT)

Workshop on Claim & Advertising of Household Health Supplies

07.22nd ASEAN Cosmetic Committee Meeting22nd ASEAN Cosmetic Committee Meeting

08.Value Added Tax (VAT) Update & eFaktur

Value Added Tax (VAT) Update & e-Invoice

09.Seminar Sehari Regulasi Perdagangan Dalam Era Masyarakat Ekonomi ASEAN

One Day Seminar on Regulation of Trading in the ASEAN Economic Community Era

10.23rd ASEAN Cosmetic Committee Meeting23rd ASEAN Cosmetic Committee Meeting

11. Halal Majelis Ulama Indonesia (MUI)

Halal Indonesian Ulema Council (MUI)

12. Workshop Klaim & Penyusunan Daftar Informasi Publik (DIP) Produk KosmetikWorkshop on Claim & Preparation of Public Information List of Cosmetic Products

13. Bimbingan Teknis di Bidang KosmetikaTechnical Guidance in Cosmetic Sector

Selain itu, untuk karyawan baru, Perseroan juga menyelenggarakan New Employee Orientation Program (NEOP), yaitu program orientasi karyawan baru yang bertujuan agar karyawan bisa mengetahu hak-nya sebagai karyawan, dan memahami bisnis Perseroan secara keseluruhan.

• Senantiasa Memperhatikan Kesehatan, Keamanan dan Keselamatan KerjaUntuk menjaga kesehatan para karyawan, Perseroan secara rutin menyelenggarakan medical check-up dan seminar kesehatan bagi seluruh karyawan. Diharapkan, dengan mengadakan kegiatan tersebut karyawan dapat mengontrol dan mencegah beberapa penyakit yang timbul akibat gaya hidup

In addition, for new employees, the Company also holds New Employee Orientation Program (NEOP), that is a new employee orientation program aimed at giving information so as the employee will know his rights as employee, and understand the Company’s business as a whole.

• Constantly Demonstrating Occupational Health, Security and SafetyIn order to maintain employees’ health, the Company regularly conducts medical check-up and holds a seminar on health for all employees. It is expected that through these activities, employees can control and prevent some diseases occuring due to an unhealthy lifestyle. In addition, the Company

seluruh pekerja. Hal ini dibuktikan dengan penyelenggaraan kegiatan pengembangan karir yang diberlakukan bagi seluruh karyawan, yang telah disesuaikan dengan masing-masing jabatan, sehingga diharapkan pengembangan karir dapat dilakukan secara maksimal.

Beberapa training yang diikuti oleh karyawan di tahun 2015 antara lain :

proven by career development activities which apply to all employees, which have been matched with every position, so that it is expected that career development can be done optimally.

Some training attended by employees in 2015 include:

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yang tidak sehat. Selain itu, Perseroan juga menyediakan klinik bagi karyawan yang sedang sakit atau membutuhkan pertolongan pertama saat berada di lingkungan Perseroan. Sementara itu, Perseroan juga ikut mendukung pemberian ASI esklusif dengan menyediakan Pojok ASI bagi tenaga kerja wanita yang sedang menyusui.Sedangkan untuk keamanan dan keselamatan kerja, Perseroan secara rutin mengikutsertakan karyawan dan mengadakan beberapa pelatihan antara lain, latihan evakuasi pemadam kebakaran, melakukan pengecekan alat-alat APAR (Alat Pemadam Api Ringan), hingga pelatihan terkait keselamatan dan kesehatan kerja (K3)

• Menghormati Kebebasan Karyawan dalam Berserikat & BerundingPerseroan mengakui dan menghormati hak karyawannya untuk melaksanakan hak-hak mereka yang sah, untuk berunding bersama. Hal ini dibuktikan dengan adanya Serikat Pekerja yang selalu dilibatkan dalam pembuatan Perjanjian Kerja Bersama.

Disamping hal-hal yang telah dijelaskan diatas, pada tahun 2015 Perseroan telah mendirikan Yayasan Mandom Indonesia (YMI) yang telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia No. AHU-0033341.AH.01.04 pada tanggal 23 Desember 2015. Pendirian YMI salah satunya ditujukan untuk menangani pemberian santunan pendidikan kepada anak-anak dari karyawan yang meninggal dunia dalam musibah kebakaran 10 Juli 2015. Selain itu, pendirian yayasan ini juga merupakan bukti komitmen Perseroan dalam mendukung bidang Pendidikan dan Kesehatan, Sosial Kemanusiaan dan Pemberdayaan Ekonomi Kerakyatan di Indonesia. Sementara itu, untuk mewujudkan masa depan karyawan yang lebih sejahtera, Perseroan juga menyelenggarakan Pelatihan Persiapan Pensiun dan Dana Pensiun Pemberi Kerja dengan sistim manfaat pasti dan mulai tahun 2014 Perseroan menerapkan sistim iuran pasti untuk keanggotaan yang baru. Pada mulanya, Dana Pensiun didirikan dan dikelola oleh Yayasan Tancho Indonesia sejak tahun 1992. Namun pada tahun 1996 telah dirubah menjadi Dana Pensiun Mandom Indonesia. Perubahan tersebut dilakukan seiring dengan ketentuan Undang-Undang No.11 Tahun 1992 Tentang Dana Pensiun. Pada saat ini Dana Pensiun memiliki 1.299 peserta.Perseroan akan terus meningkatkan kepedulian terhadap karyawannya, baik dari segi kesehatan, keamanan, keselamatan kerja hingga pengembangan karirnya. Dan diharapkan hal tersebut dapat menurunkan tingkat turn over karyawan yang di tahun 2015 tercatat 8%.

Adapun total biaya yang dikeluarkan Perseroan untuk kegiatan tanggung jawab sosial sepanjang tahun 2015 adalah sebesar Rp. 4 miliar.

also provides a clinic for employees who are sick or need first aid when in the Company’s premises. Meanwhile, the Company also supports the giving of exclusive breasfeeding by providing Pojok ASI (mother’s breastfeeding quarter) for female employees who are breastfeeding.For occupational security and safety, the Company regularly includes its employees and holds several training such as, fire fighting evacuation exercise, checking of light fire extinguisher (APAR), and training on occupational safety and health (K3).

• Respect of Employee Freedom of Association and BargainingThe Company recognizes and respects the employees’ rights to exercise their legal rights to have a collective bargaining. This is proven by the existence of Labor Union which is always involved in the making of Collective Labor Agreement.

Besides the matters discussed above, in 2015 the Company has established Yayasan Mandom Indonesia (YMI) which has been endorsed by the Minister of Law and Human Rights No. AHU-0033341.AH.01.04 on 23 December 2015. The establishment of YMI is aimed at handling the provision of educational assistance to the children of employees who passed away during the fire incident on 10 July 2015. In addition, the establishment of this foundation is also proof of Company’s commitment in supporting Education and Health, Humanitary Social and the Empowerment of People’s Economy in Indonesia.To realise more prosperous future of the employees, the Company also held Training for Retirement Preparation and Employer Pension Fund with a defined benefit plan and starting 2014 the Company has applied a fixed premium system for new membership. Initially, the Pension Fund was established and managed by Yayasan Tancho Indonesia since 1992. But in 1996 it has been changed to Dana Pensiun Mandom Indonesia. Such change was made in line with the provision of Law No. 11 of 1992 on Pension Fund. Currently the Pension Fund has 1,299 members.

The Company will continue to increase its attention towards its employees, in terms of occupational health, security and safety including their career developments. And it is expected that this could decrease the employee turn over which in 2015 was recorded at 8%.The total cost spent by the Company for the social responsibility activities in 2015 amounted to Rp. 4 billion.

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