Jl. Siliwangi No. 178, Jatiuwung, Tangerang 15133 - Indonesia
Phone : (62-21) 5900 718, 5900 705 (Hunting)
Fax : (62-21) 5900 717, 5900 706
www.panbrotherstbk.com
LAPORAN T
AHUNAN annual r
ep
ort
2012
PT
. P
AN BR
O
THER
S Tbk.
LAPORAN TAHUNAN
a n n u a l r e p o r t
2
0
1
2
Daftar Isi
contents
Ikhtisar Keuangan Financial Highlights08
Ringkasan Eksekutif Executive Summary06
Sekilas Mengenai Perseroan Company in Brief
04
Visi dan Misi Vision and Mission
03
Tema Theme
02
Dewan Direksi The Board of Directors
18
Laporan Dewan Direksi
Message from the Board of Directors
14
Profil Dewan Komisaris
Biography The Board of Commissioners
13
Dewan Komisaris
The Board of Commissioners
12
Sambutan Dewan Komisaris
Message from the Board of Commissioners
10
Profil Komite Audit
Biography The Board of Audit Committee
46
Laporan Komite Audit Audit Committee Report
44
Tata Kelola Perusahaan Yang Baik Good Corparate Governance
31
Pembahasan dan Analisa Manajemen Management Discussion and Analysis
22
Profil Dewan Direksi
Biography The Board of Directors
20
Informasi Perseroan Corporate Information
129
Laporan Auditor Independen Independent Auditor’s Report
57
Struktur Organisasi Organization Structure
55
Tanggung Jawab Atas Laporan Tahunan 2012 The Responsibility for The Annual Report 2012
54
Keterbukaan Informasi Transparancy
Daftar Isi
contents
Ikhtisar Keuangan Financial Highlights08
Ringkasan Eksekutif Executive Summary06
Sekilas Mengenai Perseroan Company in Brief
04
Visi dan Misi Vision and Mission
03
Tema Theme
02
Dewan Direksi The Board of Directors
18
Laporan Dewan Direksi
Message from the Board of Directors
14
Profil Dewan Komisaris
Biography The Board of Commissioners
13
Dewan Komisaris
The Board of Commissioners
12
Sambutan Dewan Komisaris
Message from the Board of Commissioners
10
Profil Komite Audit
Biography The Board of Audit Committee
46
Laporan Komite Audit Audit Committee Report
44
Tata Kelola Perusahaan Yang Baik Good Corparate Governance
31
Pembahasan dan Analisa Manajemen Management Discussion and Analysis
22
Profil Dewan Direksi
Biography The Board of Directors
20
Informasi Perseroan Corporate Information
129
Laporan Auditor Independen Independent Auditor’s Report
57
Struktur Organisasi Organization Structure
55
Tanggung Jawab Atas Laporan Tahunan 2012 The Responsibility for The Annual Report 2012
54
Keterbukaan Informasi Transparancy
Visi Kami
•
Our Vision
Misi Kami
•
Our Mission
Logo Perseroan, digambarkan dengan tiga warna kombinasi yang dipadukan dengan tiga busur panah yang ditarik dengan sempurna, mengekspresikan filosofi Perseroan, bahwa untuk pencapaian kesuksesan, kekuatan dan kemakmuran diperlukan kesatuan yang harmonis antara Stakeholder, Manajemen dan Karyawan.
The Company’s logo, portrayed by three color combination with three perfectly drawn archer’s bow, expresses its philosophy for achieving its goal for success, prosperity, and
Menjadi perusahaan apparel yang terpadu dan mendunia. To be an integrated and worldwide apparel supplier Company.
Meningkatkan kinerja dan produk Perseroan dengan menerapkan keahlian manajemen yang terbaik secara terus menerus. To improve Company’s performance and products by applying the best management practice continuously.
Menciptakan peluang yang terbaik bagi para karyawan untuk berkembang dan mencapai potensi maksimal. To create the best opportunities for our employees to develop and achieve their full potentials.
Meningkatkan secara maksimal nilai investasi para pemegang saham dan memberikan kesempatan yang menarik. To maximize shareholders’ value and provide attractive opportunities.
Meningkatkan Tata Kelola Perseroan Yang Baik dan senantiasa berusaha mencapai yang terbaik. To enhance Good Corporate Governance and continually strive for excellence.
Memanfaatkan sumber-daya keuangan secara efisien. To utilize our financial resources efficiently.
Menjadi pemimpin di bidang penyuplai garmen serta memasok produk-produk bermutu dengan memaksimalkan kepuasan pelanggan. To be leader in garment supply chain and supply fine quality of garment products with maximize costumers satisfaction.
Menjadi perusahaan yang mempunyai tanggung jawab sosial serta ramah lingkungan. To be a social responsible and environmentally friendly Company.
Memberikan kontribusi aktif untuk pembangunan perekonomian Indonesia. To actively contribute to Indonesia economic development.
alam menjalankan dan mengembangkan
bisnisnya Pan Brothers senantiasa melihat
jauh ke depan. Hal ini memerlukan tekad,
ketahanan dan inisiatif untuk selalu mencari
berbagai peluang baru, merevitalisasi daya saing,
memperbaharui kompetensi yang dimiliki dan
mengembangkan landasan usaha yang
berkesinambungan. Kami senantiasa
mengembangkan cara baru dalam berbisnis yang
memungkinkan kami terus bertumbuh serta
mengurangi dampak terhadap lingkungan. Ini juga
memerlukan strategi dan inisiatif yang tepat untuk
menjawab tantangan bisnis saat ini.
PBRX forsee and initiates action for future.
Persistent, endurance and initiatives are required
to seize new opportunities, revitalise existing
strengths and provide new platforms for
sustainable growth. We would develop new ways
of doing business that will allow us to continuously
grow our company while reducing the
environmental impact. New strategies and
corporate intiatives have been developed to ensure
that PBRX can meet today’s challenges effectively.
Visi & Misi
vision & mission
Tema
theme
Visi Kami
•
Our Vision
Misi Kami
•
Our Mission
Logo Perseroan, digambarkan dengan tiga warna kombinasi yang dipadukan dengan tiga busur panah yang ditarik dengan sempurna, mengekspresikan filosofi Perseroan, bahwa untuk pencapaian kesuksesan, kekuatan dan kemakmuran diperlukan kesatuan yang harmonis antara Stakeholder, Manajemen dan Karyawan.
The Company’s logo, portrayed by three color combination with three perfectly drawn archer’s bow, expresses its philosophy for achieving its goal for success, prosperity, and
Menjadi perusahaan apparel yang terpadu dan mendunia. To be an integrated and worldwide apparel supplier Company.
Meningkatkan kinerja dan produk Perseroan dengan menerapkan keahlian manajemen yang terbaik secara terus menerus. To improve Company’s performance and products by applying the best management practice continuously.
Menciptakan peluang yang terbaik bagi para karyawan untuk berkembang dan mencapai potensi maksimal. To create the best opportunities for our employees to develop and achieve their full potentials.
Meningkatkan secara maksimal nilai investasi para pemegang saham dan memberikan kesempatan yang menarik. To maximize shareholders’ value and provide attractive opportunities.
Meningkatkan Tata Kelola Perseroan Yang Baik dan senantiasa berusaha mencapai yang terbaik. To enhance Good Corporate Governance and continually strive for excellence.
Memanfaatkan sumber-daya keuangan secara efisien. To utilize our financial resources efficiently.
Menjadi pemimpin di bidang penyuplai garmen serta memasok produk-produk bermutu dengan memaksimalkan kepuasan pelanggan. To be leader in garment supply chain and supply fine quality of garment products with maximize costumers satisfaction.
Menjadi perusahaan yang mempunyai tanggung jawab sosial serta ramah lingkungan. To be a social responsible and environmentally friendly Company.
Memberikan kontribusi aktif untuk pembangunan perekonomian Indonesia. To actively contribute to Indonesia economic development.
alam menjalankan dan mengembangkan
bisnisnya Pan Brothers senantiasa melihat
jauh ke depan. Hal ini memerlukan tekad,
ketahanan dan inisiatif untuk selalu mencari
berbagai peluang baru, merevitalisasi daya saing,
memperbaharui kompetensi yang dimiliki dan
mengembangkan landasan usaha yang
berkesinambungan. Kami senantiasa
mengembangkan cara baru dalam berbisnis yang
memungkinkan kami terus bertumbuh serta
mengurangi dampak terhadap lingkungan. Ini juga
memerlukan strategi dan inisiatif yang tepat untuk
menjawab tantangan bisnis saat ini.
PBRX forsee and initiates action for future.
Persistent, endurance and initiatives are required
to seize new opportunities, revitalise existing
strengths and provide new platforms for
sustainable growth. We would develop new ways
of doing business that will allow us to continuously
grow our company while reducing the
environmental impact. New strategies and
corporate intiatives have been developed to ensure
that PBRX can meet today’s challenges effectively.
Visi & Misi
vision & mission
Tema
theme
idirikan pada tanggal 21 Agustus 1980, Pan Brothers bergerak di bidang industri apparel dengan memproduksi berbagai jenis pakaian jadi dan berkantor pusat di Tangerang.
Saham Perseroan pertama kali ditawarkan kepada masyarakat di tahun 1990 dan telah tercatat di Bursa Efek Indonesia sejak tahun 1990. Sampai 31 Desember 2012 Perseroan memiliki empat anak perusahaan PT. Pancaprima Ekabrothers, PT. Hollit International, PT. Ocean Asia Industry dan Continent 8 Pte. Ltd.
PT. Pan Brothers Tbk memproduksi “cut & sewn knit garment”, seperti Polo Shirt, Golf Shirt, Track Suit, Sweat Shirt, Pant, dll, dengan bahan seperti Single Jersey, Pique, Fleece menggunakan Cotton, Polyester, CVC, TC, dll; dan “woven garment”, seperti Short; Casual Pants, Dress Shirt, dll. dengan bahan seperti Poplin, Twill, Dobby, dll. PT. Pancaprima Ekabrothers memproduksi “Jacket/heavy garment”, seperti Jacket, Coat, Ski Jacket, Down Jacket, Track Suit, Travel Pants, Cargo Pants, dll, dengan bahan seperti Nylon, Polyester, Micro Fiber, dll.
PT. Hollit International (sejak 1990) adalah sebuah perusahaan Product Development yang unik berpengalaman, dengan fokus menyiapkan dan mengembangkan trend model juga bahan yang dipakai. Menangani cukup banyak brand name dan life-style ternama, disamping memproduksi di Perseroan, Hollit telah 17 tahun menjalin kerjasama yang kuat dengan banyak pabrik garment yang memiliki kemampuan memproduksi garment inovatif, high quality produk ke pasar fashion & life style. Pan Brothers dan anak Perusahaan memasok antara lain: Calvin Klein, Nautica, J Crew, S. Oliver, Tom Tailor, Christopher & Banks, Dillard, Esprit, Wilson, Uniqlo, Belk, Ping, The North Face, Tommy Hilfiger, Aeropostale, Victorinox, LL Bean, Woolrich, Arcteryx, Orage, LOLE, Peak Performance, CFL Commercial, Macy’s, Orvis, Stadium, Gerbing Clothing, Nike, Adidas, Salomon, Hugo Boss, Stella, New Balance, Under Armour, Spyder, Jack Wolfskin, Marvic, Guess Inc, Jones of New York, Strelson, Joop, North Sails, Oviesse, Coin Spa, NZA-Transit Fashion, Brooks Brothers, Coca Cola, Simint Spa, Holy Fashion, O’Neill, Next
stablished on August 21st, 1980, Pan Brothers is engaged in apparel industry to manufacture all kinds of garment, with headquarter in Tangerang.
The Company offered its shares for the first time to the public in 1990 and the Company’s shares have been listed in the Indonesia Stock Exchange since 1990. Up to December 31st 2012 the Company has four subsidiaries: PT. Pancaprima Ekabrothers, PT. Hollit International, PT. Ocean Asia Industry and Continent 8 Pte. Ltd. PT. Pan BrothersTbk produces “cut & sewn knit garment” such as Polo Shirt, Golf Shirt, Track Suit, Sweat Shirt, Pant, etc., using Single Jersey, Pique, Fleece in Cotton, Polyester, CVC, TC, etc, and “woven garment” such as Short; Casual Pants, Dress Shirt, etc, using Poplin, Twill, Dobby, etc.
PT. Pancaprima Ekabrothers produces “jacket/ heavy garment” of Jacket, Coat, Ski Jacket, Down Jacket, Track Suit, Travel Pants, Cargo Pants, etc., using : Nylon, Polyester, Micro Fiber, etc.
PT. Hollit International (since 1990), a unique Product Development Company with strong heritage, is focused on the development and creation of latest trends in styling, finishing and materials. Works closely with world’s renowned Fashion Brands and Life-Style Companies besides in-house production in PBT, Hollit has forged over 17 years inseparable partnerships with carefully selected production partners so enabling it to supply major innovative and high-quality products in the fashion & life style markets. Pan Brothers and subsiadiaries Company supply to : Calvin Klein, Nautica, J Crew, S. Oliver, Tom Tailor, Christopher & Banks, Dillard, Esprit, Wilson, Uniqlo, Belk, Ping, The North Face, Tommy Hilfiger, Aeropostale, Victorinox, LL Bean, Woolrich, Arcteryx, Orage, LOLE, Peak Performance, CFL Commercial, Macy’s, Orvis, Stadium, Gerbing Clothing, Nike, Adidas, Salomon, Hugo Boss, Stella, New Balance, Under Armour, Spyder, Jack Wolfskin, Marvic, Guess Inc, Jones of New York, Strelson, Joop, North Sails, Oviesse, Coin Spa, NZA-Transit Fashion, Brooks Brothers, Coca Cola, Simint Spa, Holy Fashion, O’Neill, Next Retail, United
PT. Ocean Asia Industry sebuah perusahaan Joint Venture dengan SJ Industrial Pte. Ltd. yang telah berpengalaman dalam memproduksi bahan baku kain, termasuk berbagai macam kain rajutan. Ocean didirikan tahun 2012 dengan kepemilikan 51 %, dengan ini Perseroan mulai masuk ke sektor hulu. Ocean memproduksi tekstil khususnya knitting fabric. Beberapa pembeli awal dari Ocean adalah : Sinwah Apparel, Chu tex, Spring Knit Wear, Nesia Pan Pacific, Gymboree dan Gap, dll.
Continent 8 Pte. Ltd. sebuah perusahaan Joint Venture di Singapura, didirikan tahun 2012 dengan kepemilikan 51 %. Perusahaan ini bergerak sebagai Agen Penjualan Apparel. Ekspor Perseroan tersebar ke seluruh Amerika Serikat, Eropa Barat dan Timur, Kanada, Jepang, Australia, dan negara-negara lainnya. Sebagai produsen garmen yang berorientasi ekspor, Perseroan telah memenuhi persyaratan-persyaratan yang ditentukan oleh pelanggan. Di samping itu, Perseroan memenuhi seluruh kualifikasi yang meliputi pedoman keselamatan kerja, praktek kerja yang sehat dan hak asasi manusia.
Penjualan Perseroan setelah konsolidasi untuk tahun 2012 adalah sebesar Rp.2,70 triliun setara dengan USD 287 juta, naik sebesar 24,32 % dibandingkan dengan penjualan tahun 2011 sebesar Rp. 2,17 triliun setara dengan USD 238 juta, kenaikan didukung oleh penambahan kapasitas di Jawa Tengah dan bertambahnya permintaan buyer.
Perseroan berkantor pusat di Tangerang dengan pabrik Perseroan terletak di Tangerang, Boyolali dan Sragen.
Pancaprima Ekabrothers anak perusahaan Perseroan berkantor pusat di Tangerang dengan pabrik di Tangerang dan Boyolali. Hollit International anak perusahaan Perseroan berkantor pusat di Jakarta.
Ocean Asia Industry anak perusahaan Perseroan berkantor pusat di Cikande, Serang, Banten.
Continent 8 Pte. Ltd. anak perusahaan Perseroan berkantor pusat
PT. Ocean Asia Industry is a new Joint Venture Company with SJ Industrial Pte, Ltd. that has long experience in manufacturing apparel material including various kind of knitted fabrics. PT. Ocean was set- up in year 2012 with 51 % ownership by this the Company has started the up-stream to textile especially kinitted fabric. The first customer are : Sinwah Apparel, Chu tex, Spring Knit Wear, Nesia Pan Pacific, Gymboree and Gap, etc.
Continent 8 Pte. Ltd. is a new Joint Venture Company based in Singapore, was set-up in year 2012 with 51 % ownership. Continent 8 has started as Apparel Buying Agent.
The Company’s market has spread across the United States of America, Western and Eastern Europe, Canada, Japan, Australia, and various other countries. As an export oriented garment manufacturer, the Company complies with customers’ requirements. In addition, the Company fulfills all the qualifications such as safety regulations, healthy work practices, and human rights.
The Company’s consolidated annual sales for the year 2012 is Rp. 2.70 trillion equivalent USD 287 million, increased by 24.32 % compared to the Company’s annual sales revenue in year 2011 of Rp 2.17 trillion equivalent USD 238 million, the increase was due from the capacity increase in Central Java and order from buyers.
The Company’s head office in Tangerang with the factories are located in Tangerang, Boyolali dan Sragen.
Pancaprima Ekabrothers as subsidiary company with head office in Tangerang with the factories are located in Tangerang and Boyolali. Hollit International as subsidiary company with head office in Jakarta.
Ocean Asia Industry as subsidiary company with head office in Cikande, Serang, Banten.
Continent 8 Pte. Ltd. as subsidiary company with head office in
Sekilas Mengenai Perseroan
company in brief
D
E
Sekilas Mengenai Perseroan
company in brief
idirikan pada tanggal 21 Agustus 1980, Pan Brothers bergerak di bidang industri apparel dengan memproduksi berbagai jenis pakaian jadi dan berkantor pusat di Tangerang.
Saham Perseroan pertama kali ditawarkan kepada masyarakat di tahun 1990 dan telah tercatat di Bursa Efek Indonesia sejak tahun 1990. Sampai 31 Desember 2012 Perseroan memiliki empat anak perusahaan PT. Pancaprima Ekabrothers, PT. Hollit International, PT. Ocean Asia Industry dan Continent 8 Pte. Ltd.
PT. Pan Brothers Tbk memproduksi “cut & sewn knit garment”, seperti Polo Shirt, Golf Shirt, Track Suit, Sweat Shirt, Pant, dll, dengan bahan seperti Single Jersey, Pique, Fleece menggunakan Cotton, Polyester, CVC, TC, dll; dan “woven garment”, seperti Short; Casual Pants, Dress Shirt, dll. dengan bahan seperti Poplin, Twill, Dobby, dll. PT. Pancaprima Ekabrothers memproduksi “Jacket/heavy garment”, seperti Jacket, Coat, Ski Jacket, Down Jacket, Track Suit, Travel Pants, Cargo Pants, dll, dengan bahan seperti Nylon, Polyester, Micro Fiber, dll.
PT. Hollit International (sejak 1990) adalah sebuah perusahaan Product Development yang unik berpengalaman, dengan fokus menyiapkan dan mengembangkan trend model juga bahan yang dipakai. Menangani cukup banyak brand name dan life-style ternama, disamping memproduksi di Perseroan, Hollit telah 17 tahun menjalin kerjasama yang kuat dengan banyak pabrik garment yang memiliki kemampuan memproduksi garment inovatif, high quality produk ke pasar fashion & life style. Pan Brothers dan anak Perusahaan memasok antara lain: Calvin Klein, Nautica, J Crew, S. Oliver, Tom Tailor, Christopher & Banks, Dillard, Esprit, Wilson, Uniqlo, Belk, Ping, The North Face, Tommy Hilfiger, Aeropostale, Victorinox, LL Bean, Woolrich, Arcteryx, Orage, LOLE, Peak Performance, CFL Commercial, Macy’s, Orvis, Stadium, Gerbing Clothing, Nike, Adidas, Salomon, Hugo Boss, Stella, New Balance, Under Armour, Spyder, Jack Wolfskin, Marvic, Guess Inc, Jones of New York, Strelson, Joop, North Sails, Oviesse, Coin Spa, NZA-Transit Fashion, Brooks Brothers, Coca Cola, Simint Spa, Holy Fashion, O’Neill, Next
stablished on August 21st, 1980, Pan Brothers is engaged in apparel industry to manufacture all kinds of garment, with headquarter in Tangerang.
The Company offered its shares for the first time to the public in 1990 and the Company’s shares have been listed in the Indonesia Stock Exchange since 1990. Up to December 31st 2012 the Company has four subsidiaries: PT. Pancaprima Ekabrothers, PT. Hollit International, PT. Ocean Asia Industry and Continent 8 Pte. Ltd. PT. Pan BrothersTbk produces “cut & sewn knit garment” such as Polo Shirt, Golf Shirt, Track Suit, Sweat Shirt, Pant, etc., using Single Jersey, Pique, Fleece in Cotton, Polyester, CVC, TC, etc, and “woven garment” such as Short; Casual Pants, Dress Shirt, etc, using Poplin, Twill, Dobby, etc.
PT. Pancaprima Ekabrothers produces “jacket/ heavy garment” of Jacket, Coat, Ski Jacket, Down Jacket, Track Suit, Travel Pants, Cargo Pants, etc., using : Nylon, Polyester, Micro Fiber, etc.
PT. Hollit International (since 1990), a unique Product Development Company with strong heritage, is focused on the development and creation of latest trends in styling, finishing and materials. Works closely with world’s renowned Fashion Brands and Life-Style Companies besides in-house production in PBT, Hollit has forged over 17 years inseparable partnerships with carefully selected production partners so enabling it to supply major innovative and high-quality products in the fashion & life style markets. Pan Brothers and subsiadiaries Company supply to : Calvin Klein, Nautica, J Crew, S. Oliver, Tom Tailor, Christopher & Banks, Dillard, Esprit, Wilson, Uniqlo, Belk, Ping, The North Face, Tommy Hilfiger, Aeropostale, Victorinox, LL Bean, Woolrich, Arcteryx, Orage, LOLE, Peak Performance, CFL Commercial, Macy’s, Orvis, Stadium, Gerbing Clothing, Nike, Adidas, Salomon, Hugo Boss, Stella, New Balance, Under Armour, Spyder, Jack Wolfskin, Marvic, Guess Inc, Jones of New York, Strelson, Joop, North Sails, Oviesse, Coin Spa, NZA-Transit Fashion, Brooks Brothers, Coca Cola, Simint Spa, Holy Fashion, O’Neill, Next Retail, United
PT. Ocean Asia Industry sebuah perusahaan Joint Venture dengan SJ Industrial Pte. Ltd. yang telah berpengalaman dalam memproduksi bahan baku kain, termasuk berbagai macam kain rajutan. Ocean didirikan tahun 2012 dengan kepemilikan 51 %, dengan ini Perseroan mulai masuk ke sektor hulu. Ocean memproduksi tekstil khususnya knitting fabric. Beberapa pembeli awal dari Ocean adalah : Sinwah Apparel, Chu tex, Spring Knit Wear, Nesia Pan Pacific, Gymboree dan Gap, dll.
Continent 8 Pte. Ltd. sebuah perusahaan Joint Venture di Singapura, didirikan tahun 2012 dengan kepemilikan 51 %. Perusahaan ini bergerak sebagai Agen Penjualan Apparel. Ekspor Perseroan tersebar ke seluruh Amerika Serikat, Eropa Barat dan Timur, Kanada, Jepang, Australia, dan negara-negara lainnya. Sebagai produsen garmen yang berorientasi ekspor, Perseroan telah memenuhi persyaratan-persyaratan yang ditentukan oleh pelanggan. Di samping itu, Perseroan memenuhi seluruh kualifikasi yang meliputi pedoman keselamatan kerja, praktek kerja yang sehat dan hak asasi manusia.
Penjualan Perseroan setelah konsolidasi untuk tahun 2012 adalah sebesar Rp.2,70 triliun setara dengan USD 287 juta, naik sebesar 24,32 % dibandingkan dengan penjualan tahun 2011 sebesar Rp. 2,17 triliun setara dengan USD 238 juta, kenaikan didukung oleh penambahan kapasitas di Jawa Tengah dan bertambahnya permintaan buyer.
Perseroan berkantor pusat di Tangerang dengan pabrik Perseroan terletak di Tangerang, Boyolali dan Sragen.
Pancaprima Ekabrothers anak perusahaan Perseroan berkantor pusat di Tangerang dengan pabrik di Tangerang dan Boyolali. Hollit International anak perusahaan Perseroan berkantor pusat di Jakarta.
Ocean Asia Industry anak perusahaan Perseroan berkantor pusat di Cikande, Serang, Banten.
Continent 8 Pte. Ltd. anak perusahaan Perseroan berkantor pusat
PT. Ocean Asia Industry is a new Joint Venture Company with SJ Industrial Pte, Ltd. that has long experience in manufacturing apparel material including various kind of knitted fabrics. PT. Ocean was set- up in year 2012 with 51 % ownership by this the Company has started the up-stream to textile especially kinitted fabric. The first customer are : Sinwah Apparel, Chu tex, Spring Knit Wear, Nesia Pan Pacific, Gymboree and Gap, etc.
Continent 8 Pte. Ltd. is a new Joint Venture Company based in Singapore, was set-up in year 2012 with 51 % ownership. Continent 8 has started as Apparel Buying Agent.
The Company’s market has spread across the United States of America, Western and Eastern Europe, Canada, Japan, Australia, and various other countries. As an export oriented garment manufacturer, the Company complies with customers’ requirements. In addition, the Company fulfills all the qualifications such as safety regulations, healthy work practices, and human rights.
The Company’s consolidated annual sales for the year 2012 is Rp. 2.70 trillion equivalent USD 287 million, increased by 24.32 % compared to the Company’s annual sales revenue in year 2011 of Rp 2.17 trillion equivalent USD 238 million, the increase was due from the capacity increase in Central Java and order from buyers.
The Company’s head office in Tangerang with the factories are located in Tangerang, Boyolali dan Sragen.
Pancaprima Ekabrothers as subsidiary company with head office in Tangerang with the factories are located in Tangerang and Boyolali. Hollit International as subsidiary company with head office in Jakarta.
Ocean Asia Industry as subsidiary company with head office in Cikande, Serang, Banten.
Continent 8 Pte. Ltd. as subsidiary company with head office in
Sekilas Mengenai Perseroan
company in brief
D
E
Sekilas Mengenai Perseroan
company in brief
NAMA PERUSAHAN :
PT. PAN BROTHERS Tbk
Berdiri sejak 21 Agustus 1980
Nomor Registrasi Perusahaan Publik : S1-121/SHM/MK-10/1990, tanggal 28 Juni 1990. Tercatat di Bursa Efek sejak 16 Agustus 1990 Status : Perusahaan Publik dengan kode di Bursa Saham PBRX Modal Dasar : Rp. 300.000.000.000 (12.000.000.000 saham)
Nomor Lisensi Industri : 230/DJA I/IVT-III/Non PMA-PMDN/VII/1992, tanggal 29 Juli 1992
NPWP : 01.136.073.2-054.000 AKTIFITAS:
Pengembang, Pemasok, Produsen Garment LINI USAHA :
Pengembang, Pemasok, dan Produsen garment
Pan Brothers memproduksi: Polo Shirt, Golf Shirt, Track Suit, Sweat Shirt, Shorts, Casual Pants, Dress Shirt, dll, dengan bahan: Single Jersey, Pique, Fleece in Cotton, Polyester, CVC, TC, Poplin, dll.
Pancaprima Ekabrothers : memproduksi segala jenis jaket, dengan bahan: Nylon, Polyster, Micro Fiber, dll.
Hollit International : Product Development & Production Company of
garment dengan fokus mengembangkan dan menciptakan trends dan styling, finishing dan penentuan bahan.
Pasokan Produk Untuk :
Pan Brothers dan anak Perusahaan memasok : Calvin Klein, Nautica, J Crew, S. Oliver, Tom Tailor, Christopher & Banks, Dillard, Esprit, Wilson, Uniqlo, Belk, Ping, The North Face, Tommy Hilfiger, Aeropostale, Victorinox, LL Bean, Woolrich, Arcteryx, Orage, LOLE, Peak Performance, CFL Commercial, Macy’s, Orvis, Stadium, Gerbing Clothing, Nike, Adidas, Salomon, Hugo Boss, Stella, New Balance, Under Armour, Spyder, Jack Wolfskin, Marvic, Guess Inc, Jones of New York, Strelson, Joop, North Sails, Oviesse, Coin Spa, NZA-Transit Fashion, Brooks Brothers, Coca Cola, Simint Spa, Holy Fashion, O’Neill, Next Retail, United Color of Benetton, dll.
ORIENTASI PEMASARAN :
NAME OF THE COMPANY :
PT. PAN BROTHERS Tbk
Established since Agustus 21st, 1980
Public Company Registration No. : S1-121/SHM/MK-10/1990, dated June 28, 1990. Listed in Capital Market since August 16, 1990. Status : Listing Company with Capital Market Code PBRX
Capital Stock : Rp. 300,000,000,000 (12,000,000,000 shares) Industrial License No. : 230/DJA I/IVT-III/Non PMA-PMDN/VII/1992, dated July 29, 1992
Tax Registered Number : 01.136.073.2-054.000 ACTIVITIES :
Garment Developer, Supplier, Manufacturer LINE OF BUSINESS :
Developer, Supplier, Producer and Manufacturer garments
Pan Brothers produce: Polo Shirt, Golf Shirt, Track Suit, Sweat Shirt, Shorts, Casual Pants, Dress Shirt, etc, using: Single Jersey, Pique, Fleece in Cotton, Polyester, CVC, TC, Poplin, etc.
Pancaprima Ekabrothers : produces all kind of jackets/heavy garments, using: Nylon, Polyster, Micro Fiber, etc.
Hollit International : Product Development & Production Company of garment with focused on the development and creation of latest trends in styling, finishing and materials.
Product Supply for :
Pan Brothers and subsiadiaries Company supply to : Calvin Klein, Nautica, J Crew, S. Oliver, Tom Tailor, Christopher & Banks, Dillard, Esprit, Wilson, Uniqlo, Belk, Ping, The North Face, Tommy Hilfiger, Aeropostale, Victorinox, LL Bean, Woolrich, Arcteryx, Orage, LOLE, Peak Performance, CFL Commercial, Macy’s, Orvis, Stadium, Gerbing Clothing, Nike, Adidas, Salomon, Hugo Boss, Stella, New Balance, Under Armour, Spyder, Jack Wolfskin, Marvic, Guess Inc, Jones of New York, Strelson, Joop, North Sails, Oviesse, Coin Spa, NZA-Transit Fashion, Brooks Brothers, Coca Cola, Simint Spa, Holy Fashion, O’Neill, Next Retail, United Color of Benetton, etc.
MARKET ORIENTATION :
TUJUAN EKSPOR :
Amerika Serikat, Komunitas Eropa, Eropa Timur, Kanada, Jepang, Australia dan negara-negara lain.
ALAMAT PERSEROAN :
Kantor/Pabrik Tangerang :
Jl. Siliwangi No. 178, Desa Alam Jaya, Tangerang 15133 - Indonesia Phone : (62-21) 5900718, 5900705 (hunting)
Fax : (62-21) 5900706, 5900717
Website : http://www.panbrotherstbk.com E-mail (Corporate Secretary) : [email protected] E-mail (Pemasaran) : [email protected]
JAM KERJA :
Kantor : 08:30 Pagi - 05:30 Sore
Pabrik Tangerang : 07:30 Pagi - 04:30 Sore ANAK PERUSAHAAN :
PT. PANCAPRIMA EKABROTHERS
Jl. Siliwangi No. 178 A, Desa Alam Jaya, Tangerang 15133 - Indonesia Phone : (62-21) 5900755 (hunting)
Fax : (62-21) 5900756, 5900758
Website : http://www.pancaprima.com
PT. HOLLIT INTERNATIONAL
META EPSI BUILDING Jl. Mayjen D.I. Panjaitan Kav. 2 Jakarta Timur, Jakarta 13350, Indonesia
Phone : (62-21) 8517007/ 85900702;
Fax : (62-21) 8567719/ 8567720
Website : http://www.hollit.com
PT. OCEAN ASIA INDUSTRY
Jl. Raya Serang Km 62, No. 178, Desa Parigi, Cikande, Serang, Banten - Indonesia
Phone : (62-254) 404123 (hunting)
Fax : (62-254) 401043
Website : http://www.oceanasia.co.id
CONTINENT 8 Pte. Ltd.
EXPORT DESTINATION :
United States of America, European Community, Eastern Europe, Canada, Japan, Australia, and other countries.
CORPORATE ADDRESS :
Office/ Tangerang Factory :
Jl. Siliwangi No. 178, Desa Alam Jaya, Tangerang 15133 - Indonesia Phone : (62-21) 5900718, 5900705 (hunting)
Fax : (62-21) 5900706, 5900717 Website : http://www.panbrotherstbk.com E-mail (Corporate Secretary) : [email protected] E-mail (Marketing) : [email protected]
WORKING HOUR :
Office : 08:30 AM - 05:30 PM Tangerang Factory : 07:30 AM - 04:30 PM SUBSIDIARY COMPANY :
PT. PANCAPRIMA EKABROTHERS
Jl. Siliwangi No. 178 A, Desa Alam Jaya, Tangerang 15133 - Indonesia Phone : (62-21) 5900755 (hunting)
Fax : (62-21) 5900756, 5900758 Website : http://www.pancaprima.com
PT. HOLLIT INTERNATIONAL
META EPSI BUILDING Jl. Mayjen D.I. Panjaitan Kav. 2 Jakarta Timur, Jakarta 13350, Indonesia Phone : (62-21) 8517007/ 85900702; Fax : (62-21) 8567719/ 8567720 Website : http://www.hollit.com
PT. OCEAN ASIA INDUSTRY
Jl. Raya Serang Km 62, No. 178, Desa Parigi, Cikande, Serang, Banten - Indonesia Phone : (62-254) 404123 (hunting)
Fax : (62-254) 401043 Website : http://www.oceanasia.co.id
CONTINENT 8 Pte. Ltd.
Ringkasan Eksekutif
NAMA PERUSAHAN :
PT. PAN BROTHERS Tbk
Berdiri sejak 21 Agustus 1980
Nomor Registrasi Perusahaan Publik : S1-121/SHM/MK-10/1990, tanggal 28 Juni 1990. Tercatat di Bursa Efek sejak 16 Agustus 1990 Status : Perusahaan Publik dengan kode di Bursa Saham PBRX Modal Dasar : Rp. 300.000.000.000 (12.000.000.000 saham)
Nomor Lisensi Industri : 230/DJA I/IVT-III/Non PMA-PMDN/VII/1992, tanggal 29 Juli 1992
NPWP : 01.136.073.2-054.000 AKTIFITAS:
Pengembang, Pemasok, Produsen Garment LINI USAHA :
Pengembang, Pemasok, dan Produsen garment
Pan Brothers memproduksi: Polo Shirt, Golf Shirt, Track Suit, Sweat Shirt, Shorts, Casual Pants, Dress Shirt, dll, dengan bahan: Single Jersey, Pique, Fleece in Cotton, Polyester, CVC, TC, Poplin, dll.
Pancaprima Ekabrothers : memproduksi segala jenis jaket, dengan bahan: Nylon, Polyster, Micro Fiber, dll.
Hollit International : Product Development & Production Company of
garment dengan fokus mengembangkan dan menciptakan trends dan styling, finishing dan penentuan bahan.
Pasokan Produk Untuk :
Pan Brothers dan anak Perusahaan memasok : Calvin Klein, Nautica, J Crew, S. Oliver, Tom Tailor, Christopher & Banks, Dillard, Esprit, Wilson, Uniqlo, Belk, Ping, The North Face, Tommy Hilfiger, Aeropostale, Victorinox, LL Bean, Woolrich, Arcteryx, Orage, LOLE, Peak Performance, CFL Commercial, Macy’s, Orvis, Stadium, Gerbing Clothing, Nike, Adidas, Salomon, Hugo Boss, Stella, New Balance, Under Armour, Spyder, Jack Wolfskin, Marvic, Guess Inc, Jones of New York, Strelson, Joop, North Sails, Oviesse, Coin Spa, NZA-Transit Fashion, Brooks Brothers, Coca Cola, Simint Spa, Holy Fashion, O’Neill, Next Retail, United Color of Benetton, dll.
ORIENTASI PEMASARAN :
NAME OF THE COMPANY :
PT. PAN BROTHERS Tbk
Established since Agustus 21st, 1980
Public Company Registration No. : S1-121/SHM/MK-10/1990, dated June 28, 1990. Listed in Capital Market since August 16, 1990. Status : Listing Company with Capital Market Code PBRX
Capital Stock : Rp. 300,000,000,000 (12,000,000,000 shares) Industrial License No. : 230/DJA I/IVT-III/Non PMA-PMDN/VII/1992, dated July 29, 1992
Tax Registered Number : 01.136.073.2-054.000 ACTIVITIES :
Garment Developer, Supplier, Manufacturer LINE OF BUSINESS :
Developer, Supplier, Producer and Manufacturer garments
Pan Brothers produce: Polo Shirt, Golf Shirt, Track Suit, Sweat Shirt, Shorts, Casual Pants, Dress Shirt, etc, using: Single Jersey, Pique, Fleece in Cotton, Polyester, CVC, TC, Poplin, etc.
Pancaprima Ekabrothers : produces all kind of jackets/heavy garments, using: Nylon, Polyster, Micro Fiber, etc.
Hollit International : Product Development & Production Company of garment with focused on the development and creation of latest trends in styling, finishing and materials.
Product Supply for :
Pan Brothers and subsiadiaries Company supply to : Calvin Klein, Nautica, J Crew, S. Oliver, Tom Tailor, Christopher & Banks, Dillard, Esprit, Wilson, Uniqlo, Belk, Ping, The North Face, Tommy Hilfiger, Aeropostale, Victorinox, LL Bean, Woolrich, Arcteryx, Orage, LOLE, Peak Performance, CFL Commercial, Macy’s, Orvis, Stadium, Gerbing Clothing, Nike, Adidas, Salomon, Hugo Boss, Stella, New Balance, Under Armour, Spyder, Jack Wolfskin, Marvic, Guess Inc, Jones of New York, Strelson, Joop, North Sails, Oviesse, Coin Spa, NZA-Transit Fashion, Brooks Brothers, Coca Cola, Simint Spa, Holy Fashion, O’Neill, Next Retail, United Color of Benetton, etc.
MARKET ORIENTATION :
TUJUAN EKSPOR :
Amerika Serikat, Komunitas Eropa, Eropa Timur, Kanada, Jepang, Australia dan negara-negara lain.
ALAMAT PERSEROAN :
Kantor/Pabrik Tangerang :
Jl. Siliwangi No. 178, Desa Alam Jaya, Tangerang 15133 - Indonesia Phone : (62-21) 5900718, 5900705 (hunting)
Fax : (62-21) 5900706, 5900717
Website : http://www.panbrotherstbk.com E-mail (Corporate Secretary) : [email protected] E-mail (Pemasaran) : [email protected]
JAM KERJA :
Kantor : 08:30 Pagi - 05:30 Sore
Pabrik Tangerang : 07:30 Pagi - 04:30 Sore ANAK PERUSAHAAN :
PT. PANCAPRIMA EKABROTHERS
Jl. Siliwangi No. 178 A, Desa Alam Jaya, Tangerang 15133 - Indonesia Phone : (62-21) 5900755 (hunting)
Fax : (62-21) 5900756, 5900758
Website : http://www.pancaprima.com
PT. HOLLIT INTERNATIONAL
META EPSI BUILDING Jl. Mayjen D.I. Panjaitan Kav. 2 Jakarta Timur, Jakarta 13350, Indonesia
Phone : (62-21) 8517007/ 85900702;
Fax : (62-21) 8567719/ 8567720
Website : http://www.hollit.com
PT. OCEAN ASIA INDUSTRY
Jl. Raya Serang Km 62, No. 178, Desa Parigi, Cikande, Serang, Banten - Indonesia
Phone : (62-254) 404123 (hunting)
Fax : (62-254) 401043
Website : http://www.oceanasia.co.id
CONTINENT 8 Pte. Ltd.
EXPORT DESTINATION :
United States of America, European Community, Eastern Europe, Canada, Japan, Australia, and other countries.
CORPORATE ADDRESS :
Office/ Tangerang Factory :
Jl. Siliwangi No. 178, Desa Alam Jaya, Tangerang 15133 - Indonesia Phone : (62-21) 5900718, 5900705 (hunting)
Fax : (62-21) 5900706, 5900717 Website : http://www.panbrotherstbk.com E-mail (Corporate Secretary) : [email protected] E-mail (Marketing) : [email protected]
WORKING HOUR :
Office : 08:30 AM - 05:30 PM Tangerang Factory : 07:30 AM - 04:30 PM SUBSIDIARY COMPANY :
PT. PANCAPRIMA EKABROTHERS
Jl. Siliwangi No. 178 A, Desa Alam Jaya, Tangerang 15133 - Indonesia Phone : (62-21) 5900755 (hunting)
Fax : (62-21) 5900756, 5900758 Website : http://www.pancaprima.com
PT. HOLLIT INTERNATIONAL
META EPSI BUILDING Jl. Mayjen D.I. Panjaitan Kav. 2 Jakarta Timur, Jakarta 13350, Indonesia Phone : (62-21) 8517007/ 85900702; Fax : (62-21) 8567719/ 8567720 Website : http://www.hollit.com
PT. OCEAN ASIA INDUSTRY
Jl. Raya Serang Km 62, No. 178, Desa Parigi, Cikande, Serang, Banten - Indonesia Phone : (62-254) 404123 (hunting)
Fax : (62-254) 401043 Website : http://www.oceanasia.co.id
CONTINENT 8 Pte. Ltd.
Ringkasan Eksekutif
MANAJEMEN | MANAGEMENT AS SHAREHOLDERS ON DECEMBER 31ST, 2012
PERGERAKAN HARGA SAHAM TAHUN 2012 & 2011 DI PASAR REGULER
HIGHEST AND LOWEST SHARE PRICE IN REGULER MARKET YEAR 2012 & 2011 Kwartal
Quarter TertinggiHighest TerendahLowest PenutupanClosing Volume (000)Transaction 1st quarter 2011 2nd quarter 2011 3rd quarter 2011 4th quarter 2011 1st quarter 2012 2nd quarter 2012 3rd quarter 2012 4th quarter 2012 463 510 490 450 550 570 500 325 445 370 375 440 470 420 500 410 455 485 400 440 470 440 435 470 830,696 1,357,302 309,396 122,544 182,563 54,129 90,944 53,806 SUTIYADI - ANNUAL REPORT PB/KETERAN 1 DEPAN
* Dalam milyar rupiah kecuali di nyatakan lain | Amount in billions rupiah unless otherwise stated
2012
Keterangan | Accounts 2011 2010 2009 2008
KOMPOSISI PEMEGANG SAHAM / SHAREHOLDER COMPOSITION
DECEMBER 31, 2012
Shareholders Share (Vol) Share (%)
Perorangan Lokal l Local Individual
Lembaga Lokal l Local Institution
Perorangan Asing l Foreign Individual
Lembaga Asing l Foreign Institution
Jumlah l Total 844.424.684 1.748.633.296 127,651,728 344,902,500 3.065.612.208 27.55 % 57.04 % 4.16 % 11.25 % 100.00 % Warrant (Vol) 158,557,008 250,412,104 16,645,240 0 425,614,352 Share (%) 37.25 % 58.84 % 3.91 % 0.00 % 100.00 %
KOMPOSISI PEMEGANG SAHAM PER 31 DESEMBER 2012 DENGAN KEPEMILIKAN 5 % ATAU LEBIH
SHAREHOLDER COMPOSITION DECEMBER 31, 2012 WITH MORE OR EQUIVALENT TO 5 %
Name Of Shareholders > 5 % Volume Percentage
PT. Trisetijo Manunggal Utama PT. Ganda Sawit Utama UBS AG Singapore Non-Treaty
Jumlah l Total 812,220,640 Shares 612,772,000 Shares 199,905,000 Shares 1,624,897,640 Shares 53.00 % 26.49 % 19.99 % 6.52 % 2, 698.805 2, 170.707 1, 428.090 1, 593.602 1, 758.095 2012 2011 2010 2009 2008 PENDAPATAN BERSIH NET SALES
(dalam milyar rupiah/in billion rupiah)
141.120 98.373 59.672 45.050 58.970
2012 2011 2010 2009 2008
LABA (RUGI) OPERASI
OPERATING PROFIT (LOSS)
(dalam milyar rupiah/in billion rupiah)
JUMLAH ASET
TOTAL ASSETS
(dalam milyar rupiah/in billion rupiah)
TOTAL EKUITAS
TOTAL EQUITY
(dalam milyar rupiah/in billion rupiah) 824.500 684.336 167.132 131.524 98.242 2012 2011 2010 2009 2008 2, 005,098 1, 515.038 887.284 819.565 952.742 2011 2010 2009 2008
08
09
PEMEGANG SAHAM PENGENDALI | CONTROLLING SHAREHOLDERS
Percentage of Share Position
Bambang Setijo Hartono Setyo Tio Liong Khoeng Liliana Gani
Jumlah l Total
Outstanding
Shares Vol. (000) Market Capitalizationin IDR Billion
Ikhtisar Keuangan
financial highlight
Pendapatan Bersih | Net Sales Laba (Rugi) Kotor | Gross Profit (Loss) Laba (Rugi) Operasi | Operating Profit (Loss) Laba (Rugi) Bersih | Net Profit (Loss)Laba (Rugi) yang dapat diatribusikan kepada pemilik entitas induk | Profit (Loss) attributable to equity holders
Total Laba (Rugi) Komprehensif | Total Comprehensive Profit (Loss) Laba (Rugi) komprehensif yang dapat diatribusikan kepada pemilik entitas induk | Comprehensive Profit (Loss) attributable to equty holders Jumlah Saham Beredar (000) | Total Outstanding Shares (000) Laba (Rugi) per Lembar Saham yang dapat diatribusikan kepada pemilik entitas induk (dalam Rupiah) * | Earning (Loss) per Share attributable to equity holders (in Rupiah)*
Modal Kerja Bersih | Net Working Capital Jumlah Aset | Total Assets
Jumlah Liabilitas | Total Debts Jumlah Ekuitas | Total Equity
Jumlah Kewajiban Bank | Total Bank Debts Imbal Hasil Aset | Return on Assets (ROA) Imbal Hasil Ekuitas | Return on Equity (ROE)
Rasio Laba (Rugi) Bersih vs Pendapatan | Net Profit (Loss) Margin Ratio Rasio Lancar | Current Assets Ratio
Rasio Hutang Bank dengan Ekuitas | Bank Debt to Equity Ratio Rasio Hutang Bank dengan Total Aset | Bank Debt to Assets Ratio Rasio Liabilitas dengan Ekuitas | Liability to Equity Ratio Rasio Liabilitas dengan Total Aset | Liability to Total Assets Ratio EBITDA | EBITDA
EBITDA dengan Hutang Bank | EBITDA to Bank Debt
1,758.095 194.756 58.970 (41.258) na na na 445,440 (93) 10.886 952.742 854.088 98.242 567.317 (4.33%) 42.00% (2.35%) 101.55% 577.47% 59.55% 865.74% 91,52% 91.441 16.12% 1,428.090 159.380 59.672 35.695 35.608 35.695 35.608 445,440 79 124.248 887.284 719.716 167.132 437.519 4.01% 21.31% 2,50% 122.68% 261.80% 49.30% 429.51% 82.55% 93.634 21.40% 2,170.707 251.270 98.373 72.121 72.323 71.877 72.080 3,063,862 24 343.969 1,515.038 830.702 684.336 515.315 4.76% 10.54% 3.32% 143.98% 75.30% 33.96% 121.39% 54.83% 141.699 27.50% 1,593.602 157.748 45.050 33.282 na na na 445,440 75 3.594 819.565 687.508 131.524 445.569 4.06% 25.30% 2.10% 100.61% 338.77% 54.37% 520.62% 86.02% 81.893 18.38% 2,698.805 313.361 141.120 90.413 73.657 142.527 125.771 3,065,612 24 355.370 2,003,097 1,178.597 824.500 680,473 7.12% 17.29% 3,35% 131.48% 82.53% 33.97% 142.95% 58.84% 196.365 28.86% 3,063,860 3,063,860 3,063,860 3,063,862 3,065,612 3,065,612 3,065,612 3,065,612 1,394.057 1,485.973 1,225.545 1,348.099 1,440.838 1,348.869 1,333.541 1,440.838
Nama | Name Jabatan | Position Banyaknya | Volume Persentase | Percentage
Ludijanto Setijo Lilik Setijo
Presiden Direktur | President Director
Direktur | Director 6,400,000 6,400,000 Jumlah | Total 12,800,000 0.209 % 0.209 % 0.418 %
laporan tahunan • annual report 2012 PT. Pan Brothers Tbk.
laporan tahunan • annual report 2012 PT. Pan Brothers Tbk. PT. Trisetijo Manunggal Utama adalah pemegang saham
pengendali dengan kepemilikan sebesar 26,49 %.
PT. Trisetijo Manunggal Utama as controlling shareholders has 26.49 % of the Company shares.
Perusahaan melakukan perubahan penggunaan mata uang fungsional dari Rupiah untuk tahun 2011 menjadi USD untuk tahun 2012. Perubahan dilakukan dalam rangka penerapan PSAK 10 (Revisi 2010), dimana mata uang fungsional perusahaan teridentifikasi adalah Dollar Amerika Serikat.
The Company made changes in the functional currency of the IDR to U.S. dollar in 2011 to 2012. Change were made in the context of the application of SFAS 10 (Revised 2010), which identified the company’s functional currency is the U.S. dollar.
Name of Shareholders 67.2 % 16.4 % 16.4 % President Commissioner President Director Commissioner -100.0 % Director
Ikhtisar Keuangan
financial highlight
MANAJEMEN | MANAGEMENT AS SHAREHOLDERS ON DECEMBER 31ST, 2012
PERGERAKAN HARGA SAHAM TAHUN 2012 & 2011 DI PASAR REGULER
HIGHEST AND LOWEST SHARE PRICE IN REGULER MARKET YEAR 2012 & 2011 Kwartal
Quarter TertinggiHighest TerendahLowest PenutupanClosing Volume (000)Transaction 1st quarter 2011 2nd quarter 2011 3rd quarter 2011 4th quarter 2011 1st quarter 2012 2nd quarter 2012 3rd quarter 2012 4th quarter 2012 463 510 490 450 550 570 500 325 445 370 375 440 470 420 500 410 455 485 400 440 470 440 435 470 830,696 1,357,302 309,396 122,544 182,563 54,129 90,944 53,806 SUTIYADI - ANNUAL REPORT PB/KETERAN 1 DEPAN
* Dalam milyar rupiah kecuali di nyatakan lain | Amount in billions rupiah unless otherwise stated
2012
Keterangan | Accounts 2011 2010 2009 2008
KOMPOSISI PEMEGANG SAHAM / SHAREHOLDER COMPOSITION
DECEMBER 31, 2012
Shareholders Share (Vol) Share (%)
Perorangan Lokal l Local Individual
Lembaga Lokal l Local Institution
Perorangan Asing l Foreign Individual
Lembaga Asing l Foreign Institution
Jumlah l Total 844.424.684 1.748.633.296 127,651,728 344,902,500 3.065.612.208 27.55 % 57.04 % 4.16 % 11.25 % 100.00 % Warrant (Vol) 158,557,008 250,412,104 16,645,240 0 425,614,352 Share (%) 37.25 % 58.84 % 3.91 % 0.00 % 100.00 %
KOMPOSISI PEMEGANG SAHAM PER 31 DESEMBER 2012 DENGAN KEPEMILIKAN 5 % ATAU LEBIH
SHAREHOLDER COMPOSITION DECEMBER 31, 2012 WITH MORE OR EQUIVALENT TO 5 %
Name Of Shareholders > 5 % Volume Percentage
PT. Trisetijo Manunggal Utama PT. Ganda Sawit Utama UBS AG Singapore Non-Treaty
Jumlah l Total 812,220,640 Shares 612,772,000 Shares 199,905,000 Shares 1,624,897,640 Shares 53.00 % 26.49 % 19.99 % 6.52 % 2, 698.805 2, 170.707 1, 428.090 1, 593.602 1, 758.095 2012 2011 2010 2009 2008 PENDAPATAN BERSIH NET SALES
(dalam milyar rupiah/in billion rupiah)
141.120 98.373 59.672 45.050 58.970
2012 2011 2010 2009 2008
LABA (RUGI) OPERASI
OPERATING PROFIT (LOSS)
(dalam milyar rupiah/in billion rupiah)
JUMLAH ASET
TOTAL ASSETS
(dalam milyar rupiah/in billion rupiah)
TOTAL EKUITAS
TOTAL EQUITY
(dalam milyar rupiah/in billion rupiah) 824.500 684.336 167.132 131.524 98.242 2012 2011 2010 2009 2008 2, 005,098 1, 515.038 887.284 819.565 952.742 2011 2010 2009 2008
08
09
PEMEGANG SAHAM PENGENDALI | CONTROLLING SHAREHOLDERS
Percentage of Share Position
Bambang Setijo Hartono Setyo Tio Liong Khoeng Liliana Gani
Jumlah l Total
Outstanding
Shares Vol. (000) Market Capitalizationin IDR Billion
Ikhtisar Keuangan
financial highlight
Pendapatan Bersih | Net Sales Laba (Rugi) Kotor | Gross Profit (Loss) Laba (Rugi) Operasi | Operating Profit (Loss) Laba (Rugi) Bersih | Net Profit (Loss)Laba (Rugi) yang dapat diatribusikan kepada pemilik entitas induk | Profit (Loss) attributable to equity holders
Total Laba (Rugi) Komprehensif | Total Comprehensive Profit (Loss) Laba (Rugi) komprehensif yang dapat diatribusikan kepada pemilik entitas induk | Comprehensive Profit (Loss) attributable to equty holders Jumlah Saham Beredar (000) | Total Outstanding Shares (000) Laba (Rugi) per Lembar Saham yang dapat diatribusikan kepada pemilik entitas induk (dalam Rupiah) * | Earning (Loss) per Share attributable to equity holders (in Rupiah)*
Modal Kerja Bersih | Net Working Capital Jumlah Aset | Total Assets
Jumlah Liabilitas | Total Debts Jumlah Ekuitas | Total Equity
Jumlah Kewajiban Bank | Total Bank Debts Imbal Hasil Aset | Return on Assets (ROA) Imbal Hasil Ekuitas | Return on Equity (ROE)
Rasio Laba (Rugi) Bersih vs Pendapatan | Net Profit (Loss) Margin Ratio Rasio Lancar | Current Assets Ratio
Rasio Hutang Bank dengan Ekuitas | Bank Debt to Equity Ratio Rasio Hutang Bank dengan Total Aset | Bank Debt to Assets Ratio Rasio Liabilitas dengan Ekuitas | Liability to Equity Ratio Rasio Liabilitas dengan Total Aset | Liability to Total Assets Ratio EBITDA | EBITDA
EBITDA dengan Hutang Bank | EBITDA to Bank Debt
1,758.095 194.756 58.970 (41.258) na na na 445,440 (93) 10.886 952.742 854.088 98.242 567.317 (4.33%) 42.00% (2.35%) 101.55% 577.47% 59.55% 865.74% 91,52% 91.441 16.12% 1,428.090 159.380 59.672 35.695 35.608 35.695 35.608 445,440 79 124.248 887.284 719.716 167.132 437.519 4.01% 21.31% 2,50% 122.68% 261.80% 49.30% 429.51% 82.55% 93.634 21.40% 2,170.707 251.270 98.373 72.121 72.323 71.877 72.080 3,063,862 24 343.969 1,515.038 830.702 684.336 515.315 4.76% 10.54% 3.32% 143.98% 75.30% 33.96% 121.39% 54.83% 141.699 27.50% 1,593.602 157.748 45.050 33.282 na na na 445,440 75 3.594 819.565 687.508 131.524 445.569 4.06% 25.30% 2.10% 100.61% 338.77% 54.37% 520.62% 86.02% 81.893 18.38% 2,698.805 313.361 141.120 90.413 73.657 142.527 125.771 3,065,612 24 355.370 2,003,097 1,178.597 824.500 680,473 7.12% 17.29% 3,35% 131.48% 82.53% 33.97% 142.95% 58.84% 196.365 28.86% 3,063,860 3,063,860 3,063,860 3,063,862 3,065,612 3,065,612 3,065,612 3,065,612 1,394.057 1,485.973 1,225.545 1,348.099 1,440.838 1,348.869 1,333.541 1,440.838
Nama | Name Jabatan | Position Banyaknya | Volume Persentase | Percentage
Ludijanto Setijo Lilik Setijo
Presiden Direktur | President Director
Direktur | Director 6,400,000 6,400,000 Jumlah | Total 12,800,000 0.209 % 0.209 % 0.418 %
laporan tahunan • annual report 2012 PT. Pan Brothers Tbk.
laporan tahunan • annual report 2012 PT. Pan Brothers Tbk. PT. Trisetijo Manunggal Utama adalah pemegang saham
pengendali dengan kepemilikan sebesar 26,49 %.
PT. Trisetijo Manunggal Utama as controlling shareholders has 26.49 % of the Company shares.
Perusahaan melakukan perubahan penggunaan mata uang fungsional dari Rupiah untuk tahun 2011 menjadi USD untuk tahun 2012. Perubahan dilakukan dalam rangka penerapan PSAK 10 (Revisi 2010), dimana mata uang fungsional perusahaan teridentifikasi adalah Dollar Amerika Serikat.
The Company made changes in the functional currency of the IDR to U.S. dollar in 2011 to 2012. Change were made in the context of the application of SFAS 10 (Revised 2010), which identified the company’s functional currency is the U.S. dollar.
Name of Shareholders 67.2 % 16.4 % 16.4 % President Commissioner President Director Commissioner -100.0 % Director
Ikhtisar Keuangan
financial highlight
SUTIYADI - ANNUAL REPORT PB/KETERAN 1 DEPAN SUTIYADI - ANNUAL REPORT PB/KETERAN 1 DEPAN
Dewan Komisaris telah menelaah Laporan Keuangan Perseroan untuk tahun yang berakhir pada tanggal 31 Desember 2012 dan menyetujui laporan yang diaudit oleh Kantor Akuntan Publik Doli, Bambang, Sulistiyanto, Dadang & Ali. (An independent member of BKR International).
Dewan Komisaris secara rutin mengadakan rapat dengan Dewan Direksi dan Komite Audit untuk mengikuti dan memantau kinerja Perseroan, dan telah menerima Laporan Komite Audit dan laporan Dewan Direksi dari waktu ke waktu, dan mengetahui perkembangan Perseroan dengan baik.
Perseroan menambah satu Direksi (Murali Krishnan Ramakrishna Pillai) yang telah berpengalaman di industri apparel untuk memperkuat jajaran Direksi dalam tahun 2012.
Dewan Komisaris menilai Dewan Direksi dan team telah berhasil menjalankan Perseroan kearah yang sesuai dengan rencana yang telah disetujui. Kehati-hatian dalam berbisnis telah membuat Perseroan tetap tumbuh dalam tahun 2012 yang penuh tantangan dengan tetap mengukir prestasi. Dewan Komisaris juga dapat menyetujui rencana yang disiapkan dan dipaparkan oleh Dewan Direksi mengenai rencana-rencana kedepan.
Dalam tahun 2012 Perseroan melakukan Joint Venture di industri tekstil PT. Ocean Asia Industry, dan di Apparel Buying Agent/ Trading House Continent 8 Pte. Ltd., melalui PT. Pancaprima Ekabrothers melakukan pendirian perusahaan baru yang bergerak di bidang embroidery PT. Prima Kreasi Gemilang.
Dalam tahun 2012 Perseroan melakukan penjajakan pencarian dana melalui Pinjaman Sindikasi, yang berhasil dengan baik. Perseroan menunjuk PT Bank ANZ Indonesia (“ANZ”), The Hongkong and Shanghai Banking Corporation Limited/PT HSBC Securities Tbk (“HSBC”) dan United Overseas Bank Limited/PT Bank UOB Indonesia (“UOB”) sebagai “Mandated Lead Arranger and Bookrunner” atau “MLAB” yang secara bersama-sama diberi mandat oleh Perseroan untuk menggalang dana dalam bentuk Pinjaman Sindikasi sampai sejumlah USD 165 juta.
Perseroan juga sudah mendapatkan dari Kantor Pajak izin untuk menyelenggarakan pembukuan dengan menggunakan bahasa Inggris dan satuan mata uang Dollar Amerika Serikat mulai tahun buku 1 Januari 2013 sebagai mata uang fungsional perseroan, sehingga selisih kurs Rupiah dengan Dollar Amerika Serikat yang
he Board of Commissioners has reviewed
the Company’s Financial Statements for the year ended December 31st, 2012 and agrees with the Report as audited by Accounting Firms Doli, Bambang, Sulistiyanto, Dadang & Ali. (An independent member of BKR International).
The Board of Commissioners has met regularly with the Board of Directors and Audit Committe to update and monitor the performance of the Company, and also received Audit Committee report and Board of Directors report from time to time and has better knowledge on the Company’s development.
The Company added new Director (Murali Krishnan Ramakrishna Pillai) with his long experiences in apparel industries to strengthen Board of Directors team in year 2012.
The Board of Commissioners appreciates the Board of Directors and management teams has been succeessful running the Company in accordance with the approved plan. A prudent business approach has enabled the Company to overcome the challenging year of 2012 through the excellent performance. The Board of Commissioner has also agreed on the future plan that has been prepared and presented by the Board of Directors.
In year 2012 the Company set-up PT. Ocean Asia Industry a Joint Venture in textile industry and Continent 8 Pte. Ltd. an Apparel Buying Agent/Trading House, through PT. Pancaprima Ekabrothers also set-up PT. Prima Kreasi Gemilang a new company involve in embroidery.
In year 2012 the Company got a credibility to obtain a Syndication Loan. The Company appointed PT Bank ANZ Indonesia (“ANZ”), The Hongkong and Shanghai Banking Corporation Limited/PT HSBC Securities Tbk (“HSBC”) and United Overseas Bank Limited/PT Bank UOB Indonesia (“UOB”) as “Mandated Lead Arranger and Bookrunner” or “MLAB” and collectively have been mandated bythe Company to arrange a syndicated loan facility up to USD 165 million.
The Company also already got permision from Tax Authorithy to record transaction in the English wordings and United States Dollar currency as functional currency starting January 1st 2013, this will reduce and minimalize the exchange difference between IDR and United States Dollar in transaction.
Sambutan Dewan Komisaris
message from the board of commissioners
Lee Wan Ju
Komisaris Utama |President Commisssioners
Dewan Komisaris telah secara berkala mereview pencapaian Perseroan dalam tahun 2012 yang dipresentasikan dalam Laporan Keuangan Perseroan.
Dewan Komisaris juga melihat upaya Perseroan meningkatkan Standar Pengelolaan Perseroan yang terbaik dan menjadikan ini sebagai komitmen Perseroan, ditopang oleh Komite Audit yang handal dan karyawan-karyawati yang loyal dan berkualitas.
Berkenaan dengan Tata Kelola Perusahaan, kami merasa puas dengan kepatuhan Perseroan terhadap standar tata kelola yang relevan dan regulasi internal kami, termasuk peraturan Badan Pengawas Pasar Modal (OJK Bapepam) dan Bursa Efek Indonesia. Penilaian kami dibuat berdasarkan pembahasan berkala dengan Direksi dan Laporan Ketua Komite Audit yang mencangkup laporan keuangan Perseroan yang diaudit, kualitas pendapatan, rencana kerja audit internal dan akuntan publik.
Program CSR, Standar Perilaku dan Lingkungan Perseroan didukung penuh oleh Dewan Komisaris.
Dalam tahun 2013 Perseroan ataupun melalui PT. Pancaprima Ekabrothers juga merencanakan pendirian perusahaan baru dan atau pengambilalihan mayoritas saham. Seluruh rencana ini terkait dengan bisnis inti Perseroan: ke hulu yaitu tekstil atau lebih hulu lagi serat dan pemintalan; usaha pendukung yaitu antara lain bordir, printing, laundry, pembuatan apparel dengan merek sendiri, pendirian perusahaan sourcing dan development apparel; ke hilir memasuki bidang retail apparel.
Akhir kata, kami menyampaikan terima kasih dan apresiasi yang tulus kepada para pelanggan, pemasok, kreditur, Dewan Direksi, seluruh jajaran Manajemen dan staf atas dukungan mereka selama ini. Kami juga menghaturkan terima kasih kepada para pemegang saham atas keyakinan dan kepercayaan yang diberikan kepada Perseroan. Dengan dukungan mereka, kami yakin akan dapat bersama-sama mencapai prestasi yang lebih baik di tahun mendatang.
The Board of Commissioners has review regularly the Company’s result in year 2012 presented in the Financial Statements.
The Board of Commissioners has seen the Company’s effort to increase standard of the Good Corporate Governance as commitment of the Company, supported by professional Audit Committee, loyal and qualified staffs.
In respect of Corporate Governance, we are fully satisfied with the Company’s compliance with all relevant governance standards and internal regulation, including the Indonesian Capital Markets Supervisory Agency (OJK Bapepam) and Indonesian Stock Exchange regulations. Our judgement is made on the basis of our regular reviews with the Board of Directors and reports from Chairman of the Audit Committe on the company’s audited financial statements, quality of earnings,internal and external auditor’s work plans.
The Company’s CSR, Code of Conduct and Environment programmes have the full support of the Board of Commissioners.
In year 2013 the Company or through PT. Pancaprima Ekabrothers also plan to set-up new businesses and or take-over majority shares. All of these plans related to core business of the Company: up stream such as textile manufacturers, or more upper to fibre and spinning; supporting business such as embroidery, printing, laundry, own brands collection, sourcing and apparel development, etc; down stream to apparel retail business.
Finally, we extend our sincere gratitude and appreciation to our valued customers, suppliers, creditors, the Managements and staffs for supporting us over the years. We also thank our shareholders for the confidence and faith that have been shown to the Company. With their continuing support, we look forward to achieveing new heights together in the years ahead.
Tangerang, 27 Maret 2013 | Tangerang, March 27th, 2013 Dewan Komisaris PT. Pan Brothers Tbk.
The Board of Commissioners PT. Pan Brothers Tbk.
D
T
Sambutan Dewan Komisaris
message from the board of commissioners
SUTIYADI - ANNUAL REPORT PB/KETERAN 1 DEPAN SUTIYADI - ANNUAL REPORT PB/KETERAN 1 DEPAN
Dewan Komisaris telah menelaah Laporan Keuangan Perseroan untuk tahun yang berakhir pada tanggal 31 Desember 2012 dan menyetujui laporan yang diaudit oleh Kantor Akuntan Publik Doli, Bambang, Sulistiyanto, Dadang & Ali. (An independent member of BKR International).
Dewan Komisaris secara rutin mengadakan rapat dengan Dewan Direksi dan Komite Audit untuk mengikuti dan memantau kinerja Perseroan, dan telah menerima Laporan Komite Audit dan laporan Dewan Direksi dari waktu ke waktu, dan mengetahui perkembangan Perseroan dengan baik.
Perseroan menambah satu Direksi (Murali Krishnan Ramakrishna Pillai) yang telah berpengalaman di industri apparel untuk memperkuat jajaran Direksi dalam tahun 2012.
Dewan Komisaris menilai Dewan Direksi dan team telah berhasil menjalankan Perseroan kearah yang sesuai dengan rencana yang telah disetujui. Kehati-hatian dalam berbisnis telah membuat Perseroan tetap tumbuh dalam tahun 2012 yang penuh tantangan dengan tetap mengukir prestasi. Dewan Komisaris juga dapat menyetujui rencana yang disiapkan dan dipaparkan oleh Dewan Direksi mengenai rencana-rencana kedepan.
Dalam tahun 2012 Perseroan melakukan Joint Venture di industri tekstil PT. Ocean Asia Industry, dan di Apparel Buying Agent/ Trading House Continent 8 Pte. Ltd., melalui PT. Pancaprima Ekabrothers melakukan pendirian perusahaan baru yang bergerak di bidang embroidery PT. Prima Kreasi Gemilang.
Dalam tahun 2012 Perseroan melakukan penjajakan pencarian dana melalui Pinjaman Sindikasi, yang berhasil dengan baik. Perseroan menunjuk PT Bank ANZ Indonesia (“ANZ”), The Hongkong and Shanghai Banking Corporation Limited/PT HSBC Securities Tbk (“HSBC”) dan United Overseas Bank Limited/PT Bank UOB Indonesia (“UOB”) sebagai “Mandated Lead Arranger and Bookrunner” atau “MLAB” yang secara bersama-sama diberi mandat oleh Perseroan untuk menggalang dana dalam bentuk Pinjaman Sindikasi sampai sejumlah USD 165 juta.
Perseroan juga sudah mendapatkan dari Kantor Pajak izin untuk menyelenggarakan pembukuan dengan menggunakan bahasa Inggris dan satuan mata uang Dollar Amerika Serikat mulai tahun buku 1 Januari 2013 sebagai mata uang fungsional perseroan, sehingga selisih kurs Rupiah dengan Dollar Amerika Serikat yang
he Board of Commissioners has reviewed
the Company’s Financial Statements for the year ended December 31st, 2012 and agrees with the Report as audited by Accounting Firms Doli, Bambang, Sulistiyanto, Dadang & Ali. (An independent member of BKR International).
The Board of Commissioners has met regularly with the Board of Directors and Audit Committe to update and monitor the performance of the Company, and also received Audit Committee report and Board of Directors report from time to time and has better knowledge on the Company’s development.
The Company added new Director (Murali Krishnan Ramakrishna Pillai) with his long experiences in apparel industries to strengthen Board of Directors team in year 2012.
The Board of Commissioners appreciates the Board of Directors and management teams has been succeessful running the Company in accordance with the approved plan. A prudent business approach has enabled the Company to overcome the challenging year of 2012 through the excellent performance. The Board of Commissioner has also agreed on the future plan that has been prepared and presented by the Board of Directors.
In year 2012 the Company set-up PT. Ocean Asia Industry a Joint Venture in textile industry and Continent 8 Pte. Ltd. an Apparel Buying Agent/Trading House, through PT. Pancaprima Ekabrothers also set-up PT. Prima Kreasi Gemilang a new company involve in embroidery.
In year 2012 the Company got a credibility to obtain a Syndication Loan. The Company appointed PT Bank ANZ Indonesia (“ANZ”), The Hongkong and Shanghai Banking Corporation Limited/PT HSBC Securities Tbk (“HSBC”) and United Overseas Bank Limited/PT Bank UOB Indonesia (“UOB”) as “Mandated Lead Arranger and Bookrunner” or “MLAB” and collectively have been mandated bythe Company to arrange a syndicated loan facility up to USD 165 million.
The Company also already got permision from Tax Authorithy to record transaction in the English wordings and United States Dollar currency as functional currency starting January 1st 2013, this will reduce and minimalize the exchange difference between IDR and United States Dollar in transaction.
Sambutan Dewan Komisaris
message from the board of commissioners
Lee Wan Ju
Komisaris Utama |President Commisssioners
Dewan Komisaris telah secara berkala mereview pencapaian Perseroan dalam tahun 2012 yang dipresentasikan dalam Laporan Keuangan Perseroan.
Dewan Komisaris juga melihat upaya Perseroan meningkatkan Standar Pengelolaan Perseroan yang terbaik dan menjadikan ini sebagai komitmen Perseroan, ditopang oleh Komite Audit yang handal dan karyawan-karyawati yang loyal dan berkualitas.
Berkenaan dengan Tata Kelola Perusahaan, kami merasa puas dengan kepatuhan Perseroan terhadap standar tata kelola yang relevan dan regulasi internal kami, termasuk peraturan Badan Pengawas Pasar Modal (OJK Bapepam) dan Bursa Efek Indonesia. Penilaian kami dibuat berdasarkan pembahasan berkala dengan Direksi dan Laporan Ketua Komite Audit yang mencangkup laporan keuangan Perseroan yang diaudit, kualitas pendapatan, rencana kerja audit internal dan akuntan publik.
Program CSR, Standar Perilaku dan Lingkungan Perseroan didukung penuh oleh Dewan Komisaris.
Dalam tahun 2013 Perseroan ataupun melalui PT. Pancaprima Ekabrothers juga merencanakan pendirian perusahaan baru dan atau pengambilalihan mayoritas saham. Seluruh rencana ini terkait dengan bisnis inti Perseroan: ke hulu yaitu tekstil atau lebih hulu lagi serat dan pemintalan; usaha pendukung yaitu antara lain bordir, printing, laundry, pembuatan apparel dengan merek sendiri, pendirian perusahaan sourcing dan development apparel; ke hilir memasuki bidang retail apparel.
Akhir kata, kami menyampaikan terima kasih dan apresiasi yang tulus kepada para pelanggan, pemasok, kreditur, Dewan Direksi, seluruh jajaran Manajemen dan staf atas dukungan mereka selama ini. Kami juga menghaturkan terima kasih kepada para pemegang saham atas keyakinan dan kepercayaan yang diberikan kepada Perseroan. Dengan dukungan mereka, kami yakin akan dapat bersama-sama mencapai prestasi yang lebih baik di tahun mendatang.
The Board of Commissioners has review regularly the Company’s result in year 2012 presented in the Financial Statements.
The Board of Commissioners has seen the Company’s effort to increase standard of the Good Corporate Governance as commitment of the Company, supported by professional Audit Committee, loyal and qualified staffs.
In respect of Corporate Governance, we are fully satisfied with the Company’s compliance with all relevant governance standards and internal regulation, including the Indonesian Capital Markets Supervisory Agency (OJK Bapepam) and Indonesian Stock Exchange regulations. Our judgement is made on the basis of our regular reviews with the Board of Directors and reports from Chairman of the Audit Committe on the company’s audited financial statements, quality of earnings,internal and external auditor’s work plans.
The Company’s CSR, Code of Conduct and Environment programmes have the full support of the Board of Commissioners.
In year 2013 the Company or through PT. Pancaprima Ekabrothers also plan to set-up new businesses and or take-over majority shares. All of these plans related to core business of the Company: up stream such as textile manufacturers, or more upper to fibre and spinning; supporting business such as embroidery, printing, laundry, own brands collection, sourcing and apparel development, etc; down stream to apparel retail business.
Finally, we extend our sincere gratitude and appreciation to our valued customers, suppliers, creditors, the Managements and staffs for supporting us over the years. We also thank our shareholders for the confidence and faith that have been shown to the Company. With their continuing support, we look forward to achieveing new heights together in the years ahead.
Tangerang, 27 Maret 2013 | Tangerang, March 27th, 2013 Dewan Komisaris PT. Pan Brothers Tbk.
The Board of Commissioners PT. Pan Brothers Tbk.
