DOCSLIB.ORG

PT SINAR MAS AGRO RESOURCES and TECHNOLOGY Tbk PT

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
PT SINAR MAS AGRO RESOURCES and TECHNOLOGY Tbk PT Tanggal Efektif : 25 Juni 2012 Tanggal Distribusi Obligasi Secara Elektronik (Tanggal Emisi) : 3 Juli 2012 Masa Penawaran : 27 Juni – 28 Juni 2012 Tanggal Pencatatan Obligasi Pada Bursa Efek Indonesia : 4 Juli 2012 Tanggal Penjatahan : 29 Juni 2012 BAPEPAM DAN LK TIDAK MEMBERIKAN PERNYATAAN MENYETUJUI ATAU TIDAK MENYETUJUI EFEK INI, TIDAK JUGA MENYATAKAN KEBENARAN ATAU KECUKUPAN ISI PROSPEKTUS INI. SETIAP PERNYATAAN YANG BERTENTANGAN DENGAN HAL-HAL TERSEBUT ADALAH PERBUATAN MELANGGAR HUKUM. PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk (“PERSEROAN”) DAN PENJAMIN PELAKSANA EMISI OBLIGASI BERTANGGUNG JAWAB SEPENUHNYA ATAS KEBENARAN SEMUA INFORMASI ATAU FAKTA MATERIAL, SERTA KEJUJURAN PENDAPAT YANG TERCANTUM DALAM PROSPEKTUS INI. PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk disingkat PT SMART Tbk Kegiatan Usaha Utama: Bergerak dalam bidang pertanian, perindustrian, perdagangan, jasa dan pengangkutan Berkedudukan di Jakarta Pusat, Indonesia Kantor : Plaza BII, Menara II, Lantai 30 Jl. M.H. Thamrin, No. 51 Jakarta 10350 Telepon : (021) 5033 8899 Faksimili : (021) 5038 9999 Email : [email protected] www.smart-tbk.com PENAWARAN UMUM BERKELANJUTAN OBLIGASI BERKELANJUTAN I SMART DENGAN JUMLAH POKOK OBLIGASI BERKELANJUTAN SEBESAR Rp3.000.000.000.000 (TIGA TRILIUN RUPIAH) (“Obligasi Berkelanjutan”) Obligasi Berkelanjutan ini diterbitkan tanpa warkat, kecuali Sertifikat Jumbo Obligasi Berkelanjutan yang diterbitkan oleh Perseroan atas nama PT Kustodian Sentral Efek Indonesia (“KSEI”) sebagai bukti hutang untuk kepentingan Pemegang Obligasi Berkelanjutan dengan jumlah pokok Obligasi Berkelanjutan sebesar Rp3.000.000.000.000 (tiga triliun Rupiah) dan ditawarkan dengan nilai 100% (seratus persen) dari jumlah pokok Obligasi Berkelanjutan yang akan diterbitkan dalam periode paling lama 2 (dua) tahun sejak efektifnya Pernyataan Pendaftaran, dimana dalam rangka Penawaran Umum Berkelanjutan Obligasi Berkelanjutan tersebut akan diterbitkan: OBLIGASI BERKELANJUTAN I SMART TAHAP I TAHUN 2012 DENGAN JUMLAH POKOK SEBESAR Rp1.000.000.000.000 (SATU TRILIUN RUPIAH) (“Obligasi Berkelanjutan I SMART Tahap I Tahun 2012”) Obligasi Berkelanjutan I SMART Tahap I Tahun 2012 ini diterbitkan tanpa warkat, ditawarkan pada nilai nominal, dengan seri Obligasi sebagai berikut : Seri A : Jumlah Pokok Obligasi Berkelanjutan I SMART Tahap I Tahun 2012 Seri A sebesar Rp 900.000.000.000 (sembilan ratus miliar Rupiah) dengan tingkat bunga tetap sebesar 9,00% (sembilan persen) per tahun dengan jangka waktu 5 (lima) tahun. Pembayaran bunga pertama Obligasi Berkelanjutan I SMART Tahap I Tahun 2012 Seri A akan dilakukan pada tanggal 3 Oktober 2012, sedangkan pembayaran bunga terakhir sekaligus jatuh tempo akan dilakukan pada tanggal 3 Juli 2017. Seri B : Jumlah Pokok Obligasi Berkelanjutan I SMART Tahap I Tahun 2012 Seri B sebesar Rp100.000.000.000 (seratus miliar Rupiah) dengan tingkat bunga tetap sebesar 9,25% (sembilan koma dua puluh lima persen) per tahun dengan jangka waktu 7 (tujuh) tahun. Pembayaran bunga pertama Obligasi Berkelanjutan I SMART Tahap I Tahun 2012 Seri B akan dilakukan pada tanggal 3 Oktober 2012, sedangkan pembayaran bunga terakhir sekaligus jatuh tempo akan dilakukan pada tanggal 3 Juli 2019. OBLIGASI BERKELANJUTAN I SMART TAHAP II (“Obligasi Berkelanjutan I SMART Tahap II”) dan/atau tahap-tahap selanjutnya (jika ada) akan ditentukan kemudian. PENTING UNTUK DIPERHATIKAN OBLIGASI INI TIDAK DIJAMIN DENGAN JAMINAN KHUSUS, TETAPI DIJAMIN DENGAN SELURUH HARTA KEKAYAAN PERSEROAN BAIK BARANG BERGERAK MAUPUN BARANG TIDAK BERGERAK, BAIK YANG TELAH ADA MAUPUN YANG AKAN ADA DI KEMUDIAN HARI MENJADI JAMINAN BAGI PEMEGANG OBLIGASI INI SESUAI DENGAN KETENTUAN DALAM PASAL 1131 DAN 1132 KITAB UNDANG- UNDANG HUKUM PERDATA. HAK PEMEGANG OBLIGASI ADALAH PARIPASSU TANPA HAK PREFEREN DENGAN HAK-HAK KREDITUR PERSEROAN LAINNYA BAIK YANG ADA SEKARANG MAUPUN DI KEMUDIAN HARI, KECUALI HAK-HAK KREDITUR PERSEROAN YANG DIJAMIN SECARA KHUSUS DENGAN KEKAYAAN PERSEROAN BAIK YANG TELAH ADA MAUPUN YANG AKAN ADA DI KEMUDIAN HARI. PEMBELIAN KEMBALI OBLIGASI BERKELANJUTAN I SMART TAHAP I TAHUN 2012 BARU DAPAT DILAKUKAN 1 (SATU) TAHUN SETELAH TANGGAL PENJATAHAN. PERSEROAN DAPAT MELAKUKAN PEMBELIAN KEMBALI UNTUK SEBAGIAN ATAU SELURUH OBLIGASI BERKELANJUTAN I SMART TAHAP I TAHUN 2012 SEBELUM TANGGAL PELUNASAN POKOK OBLIGASI BERKELANJUTAN I SMART TAHAP I TAHUN 2012. PERSEROAN MEMPUNYAI HAK UNTUK MEMBERLAKUKAN PEMBELIAN KEMBALI TERSEBUT UNTUK DIPERGUNAKAN SEBAGAI PELUNASAN OBLIGASI BERKELANJUTAN I SMART TAHAP I TAHUN 2012 ATAU UNTUK DISIMPAN DENGAN MEMPERHATIKAN KETENTUAN DALAM PERJANJIAN PERWALIAMANATAN DAN PERATURAN PERUNDANG-UNDANGAN YANG BERLAKU. PERSEROAN HANYA MENERBITKAN SERTIFIKAT JUMBO OBLIGASI DAN DIDAFTARKAN ATAS NAMA KSEI DAN AKAN DIDISTRIBUSIKAN DALAM BENTUK ELEKTRONIK YANG DIADMINISTRASIKAN DALAM PENITIPAN KOLEKTIF DI KSEI. RISIKO UTAMA YANG DIHADAPI PERSEROAN ADALAH KONDISI CUACA YANG BURUK. RISIKO USAHA SELENGKAPNYA DAPAT DILIHAT PADA BAB VI PROSPEKTUS INI. RISIKO LAIN YANG MUNGKIN DIHADAPI INVESTOR PEMBELI OBLIGASI INI ADALAH TIDAK LIKUIDNYA OBLIGASI YANG DITAWARKAN PADA PENAWARAN UMUM BERKELANJUTAN INI ANTARA LAIN DISEBABKAN KARENA TUJUAN PEMBELIAN OBLIGASI SEBAGAI INVESTASI JANGKA PANJANG. Dalam rangka penerbitan Obligasi Berkelanjutan ini, Perseroan telah memperoleh hasil pemeringkatan Obligasi Berkelanjutan dari: PT Fitch Ratings Indonesia PT Pemeringkat Efek Indonesia (Pefindo) AA(idn) idAA- (Double A) (Double A Minus) Untuk keterangan lebih lanjut tentang hasil pemeringkatan tersebut dapat dilihat pada Bab XVIII Prospektus ini PENJAMIN PELAKSANA EMISI OBLIGASI PT Bahana Securities PT Indo Premier Securities PT OSK Nusadana Securities Indonesia PT Sinarmas Sekuritas (terafiliasi) (terafiliasi) PENJAMIN EMISI OBLIGASI PT Victoria Securities Indonesia WALI AMANAT PT Bank Mega Tbk Obligasi yang ditawarkan ini seluruhnya akan dicatatkan pada Bursa Efek Indonesia Emisi Obligasi ini dijamin secara kesanggupan penuh (full commitment) Prospektus ini diterbitkan di Jakarta pada tanggal 27 Juni 2012 PT Sinar Mas Agro Resources and Technology Tbk (yang selanjutnya dalam Prospektus ini disebut “Perseroan”) telah menyampaikan Pernyataan Pendaftaran Emisi Obligasi sehubungan dengan Penawaran Umum Berkelanjutan Obligasi Berkelanjutan (”Penawaran Umum Berkelanjutan”) kepada Bapepam dan LK di Jakarta dengan surat No. 001/SP/Smart/III/2012 tanggal 25 April 2012, sesuai dengan persyaratan yang ditetapkan dalam UUPM. Perseroan merencanakan untuk mencatatkan Penawaran Umum Berkelanjutan Obligasi Berkelanjutan I SMART dengan jumlah pokok Obligasi Berkelanjutan sebesar Rp3.000.000.000.000 (tiga triliun Rupiah) pada PT Bursa Efek Indonesia (“BEI”) sesuai dengan Perjanjian Pendahuluan Pencatatan Efek No. SP-018/BEI.PPS/04-2012 tanggal 11 April 2012, yang dibuat antara Perseroan dengan BEI. Apabila syarat-syarat pencatatan Obligasi Berkelanjutan di BEI tidak terpenuhi, maka Penawaran Umum Berkelanjutan menjadi batal demi hukum dan uang pemesanan pembelian Obligasi Berkelanjutan yang telah diterima akan dikembalikan kepada para pemesan Obligasi Berkelanjutan sesuai dengan ketentuan dalam Perjanjian Penjaminan Emisi Obligasi. Lembaga dan Profesi Penunjang Pasar Modal dalam rangka Penawaran Umum Berkelanjutan ini bertanggung jawab sepenuhnya atas kebenaran semua data, keterangan atau laporan yang disajikan dalam Prospektus ini sesuai dengan bidang tugasnya masing-masing, berdasarkan ketentuan yang berlaku di Indonesia, serta kode etik dan standar profesinya. Sehubungan dengan Penawaran Umum Berkelanjutan ini, setiap pihak yang terafiliasi tidak diperkenankan memberikan keterangan atau pernyataan mengenai data yang tidak diungkapkan dalam Prospektus ini tanpa sebelumnya memperoleh persetujuan tertulis dari Perseroan dan Penjamin Pelaksana Emisi Obligasi. Penjamin Pelaksana Emisi Obligasi (kecuali PT OSK Nusadana Securities Indonesia dan PT Sinarmas Sekuritas) dan Penjamin Emisi Obligasi serta Lembaga dan Profesi Penunjang Pasar Modal dalam rangka Penawaran Umum Berkelanjutan ini bukan merupakan pihak terafiliasi dengan Perseroan baik secara langsung maupun tidak langsung sesuai dengan definisi Afiliasi dalam UUPM. Selanjutnya penjelasan secara lengkap mengenai ada/tidak adanya hubungan afiliasi Penjamin Pelaksana Emisi Obligasi dan para Penjamin Emisi Obligasi dapat dilihat pada Bab XIII tentang Penjaminan Emisi Obligasi. Penjelasan mengenai tidak adanya hubungan afiliasi Lembaga dan Profesi Penunjang Pasar Modal dapat dilihat pada Bab XIV tentang Lembaga dan Profesi Penunjang Pasar Modal Dalam Rangka Emisi Obligasi. Penawaran Umum Berkelanjutan ini tidak didaftarkan berdasarkan peraturan perundang- undangan atau peraturan lain selain yang berlaku di Indonesia. Barang siapa di luar wilayah Indonesia menerima Prospektus ini, maka dokumen ini tidak dimaksudkan sebagai penawaran untuk membeli Obligasi Berkelanjutan ini, kecuali bila penawaran dan pembelian Obligasi Berkelanjutan ini tidak bertentangan atau bukan merupakan pelanggaran terhadap peraturan perundang-undangan serta ketentuan-ketentuan bursa efek yang berlaku di negara atau yurisdiksi di luar Indonesia tersebut. Perseroan telah mengungkapkan semua informasi yang wajib diketahui oleh publik dan tidak ada lagi informasi yang belum diungkapkan sehingga tidak menyesatkan publik. Sesuai ketentuan yang diatur dalam Peraturan No. IX.C.11, Perseroan akan melakukan pemeringkatan atas Obligasi yang diterbitkan setiap 1 (satu) tahun sekali selama kewajiban atas Obligasi belum lunas. DAFTAR ISI DAFTAR ISI ............................................................................................................................................
Load more

Recommended publications
  • Acop Digest 2012 / 2013
    ACOP DIGEST 2012 / 2013 A Snapshot of RSPO Members’ Annual Communications of Progress DISCLAIMER EDITED BY: This material and accompanying data is based on submissions from RSPO members Communications Division, which has not been independently verified and is provided by the RSPO and authors RSPO Secretariat without warranty of any kind, either expressed or implied. By making use of this material you do so at your own risk and you accept that the author shall not be liable for any claims, liabilities, losses, damages, costs or expenses of any kind arising. CONCEPT & DESIGN: Data from this report can be explored interactively on the RSPO website: Catalyze Sustainability Communications www.rspo.org/en/acop_2012-2013 OPENING ADDRESS he RSPO is once again pleased to publish the RSPO ACOP Digest (RAD) prior to RT11 based upon the data collated from the Annual Communications T of Progress (ACOP) reports that were submitted by its members. There was a significant increase in report submissions in tandem with the increased number of members in the RSPO, thus continuing the ascending inclination of compliancy towards the requirement to submit the ACOP reports. For this year, as per the Code of Conduct, only Ordinary and Affiliate Members that joined RSPO before the first of June 2012 were obligated to submit their respective ACOP reports. Members from all seven stakeholder categories were required to submit their ACOP 2012/2013 reports with the questions varying for each category to appropriately reflect the actual activities, distinctive contributions and level of commitment of each organization towards sustainable palm oil. The Time-Bound Plan (TBP) has always been an essential aspect within the ACOP process which will enable us to gauge the commitment by key stakeholders towards 100 percent RSPO certified sustainable palm oil, providing an indication on the pace of the RSPO toward achieving our vision of transforming markets to make sustainable palm oil the norm.
    [Show full text]
  • How Dirty Palm Oil Is Feeding the Climate and Extinction
    DYING FOR A COOKIE HOW DIRTY PALM OIL IS FEEDING THE CLIMATE AND EXTINCTION CRISIS ‘Wearetakingstepstoensurethatthepalmoilwebuyisproduced onlegallyheldland,doesnotleadtodeforestationorlossofpeat land,respectshumanrights,includinglandrights,anddoesnot useforcedorchildlabor.’ Mondelēz International Palm Oil Action Plan, June 2014 11 December 2016, PT Ladang Sawit Mas, 1°32’20.856”S 110°18’58.122”E: ©Ifansasti/Greenpeace Cover and right: March 2013, PT Ladang Sawit Mas:One of several orangutan rescue attempts by International Animal Rescue Indonesia in the Bumitama oil palm concession. ‘Theunsustainable useofnatural resourceshas causedadramatic declineofBornean orangutans[...]Our findingssuggest thatmorethan 100,000individuals havebeenlostinthe 16yearsbetween 1999and2015.’ Maria Voigt, researcher at the Max Planck Institute for Evolutionary Anthropology, September 2017 CONTENTS CALLING TIME ON MONDELēZ 1 EYES WIDE SHUT: HOW CONSUMER BRANDS AND THE RSPO SUPPORT THE TRADE IN DIRTY PALM OIL 2 BUMITAMA AND ITS DIRTY SECRETS 5 Bumitama’s ownership, structure and landbank 4 Quantifying Bumitama’s forest loss liability 7 Bumitama’s and IOI’s response 7 CRUNCH TIME FOR MONDELĒZ AND THE PALM OIL SECTOR 8 BUMITAMA’S LAUNDERING OF A TOXIC LEGACY 12 Associated parties 13 Citro Utomo 13 Djoni Rusmin and Tommy Santoso 14 Nita Gartika and Janta Halim 16 CASE STUDIES 20 PT Gunajaya Harapan Lestari (PT GHL), West Kalimantan 20 PT Hatiprima Agro (PT HPA), Central Kalimantan 22 PT Golden Youth Plantation Indonesia (PT GYP) and PT Ladang Sawit Mas (PT LSM),
    [Show full text]
  • The Green Tigers
    The Green Tigers Which Southeast Asian Companies Will Prosper in the New Age of Forest Conservation? UPDATE OCTOBER 2014 Which Southeast Asian companies will prosper in the new age of forest conservation? © DeanBirinyi / istockphoto.com THE GREEN TIGERS Which Southeast Asian companies will prosper in the new age of forest conservation? By Glenn Hurowitz Southeast Asia’s economies are roaring. The rise of the so-called “Asian tiger” economies has been one of the most profound developments in global business over the past half-century. But even as the region grows, the manner of its growth is imperiling its future prosperity. Too much of Asia’s growth has relied upon defor- estation and pollution. Instead of pursuing lasting development, many countries and companies in the region have favored “spreadsheet development” that prioritizes goosing national gross domestic prod- uct numbers at the expense of making a positive impact on the communities where it occurs. Southeast Asia is by no means unique in pursuing this model, but it is possibly the place where it is followed most energetically—and with the most visible consequences. Too many companies are still putting the region’s environment and economy at risk through continued deforestation and other irresponsible practices. But some countries and companies are choosing a different path. They are adapting to the revolutionized global market by evolving to ensure that their growth does not come at the expense of forests. These are the Green Tigers – and they are set to roar for decades to come. There is great urgency behind this corporate evolution: Deforestation for palm oil and paper plantations has turned the region into a tinderbox.
    [Show full text]
  • The Green Tigers
    The Green Tigers Which Southeast Asian Companies Will Prosper in the New Age of Forest Conservation? SEPTEMBER 2014 Which Southeast Asian companies will prosper in the new age of forest conservation? © DeanBirinyi / istockphoto.com THE GREEN TIGERS Which Southeast Asian companies will prosper in the new age of forest conservation? By Glenn Hurowitz Southeast Asia’s economies are roaring. The rise of the so-called “Asian tiger” economies has been one of the most profound developments in global business over the past half-century. But even as the region grows, the manner of its growth is imperiling its future prosperity. Too much of Asia’s growth has relied upon defor- estation and pollution. Instead of pursuing lasting development, many countries and companies in the region have favored “spreadsheet development” that prioritizes goosing national gross domestic prod- uct numbers at the expense of making a positive impact on the communities where it occurs. Southeast Asia is by no means unique in pursuing this model, but it is possibly the place where it is followed most energetically—and with the most visible consequences. Too many companies are still putting the region’s environment and economy at risk through continued deforestation and other irresponsible practices. But some countries and companies are choosing a different path. They are adapting to the revolutionized global market by evolving to ensure that their growth does not come at the expense of forests. These are the Green Tigers – and they are set to roar for decades to come. There is great urgency behind this corporate evolution: Deforestation for palm oil and paper plantations has turned the region into a tinderbox.
    [Show full text]
  • Unilever Palm Oil Mill List
    2017 Palm Oil Mills No. Mill Name Parent Company RSPO Certified Country Province District Latitude Longitude 1 ABDI BUDI MULIA PKS 1 AATHI BAGAWATHI MANUFACTURING SDN BHD No Indonesia Sumatera Utara Labuhan Batu 2.0512694 100.252339 2 ABEDON OIL MILL KRETAM HOLDING BERHAD Yes Malaysia Sabah Kinabatangan 5.312106 117.9741 3 ACEITES CIMARRONES SAS ACEITES S.A. Yes Colombia Meta Puerto Rico 3.035593889 -73.11146556 4 ACEITES MANUELITA YAGUARITO CI BIOCOSTA Yes Colombia Meta San Carlos de Guaroa 3.882933 -73.341206 5 ACEITES MORICHAL CI BIOCOSTA No Colombia Meta San Carlos de Guaroa 3.92985 -73.242775 6 ADELA POM FELDA No Malaysia Johor Kota Tinggi 1.552768 104.1873 7 ADHYAKSA DHARMASATYA ADHYAKSA DHARMASATYA No Indonesia Kalimantan Tengah Kotawaringin Timur -1.588931 112.861883 8 ADITYA AGROINDO AGRINDO No Indonesia Kalimantan Barat Ketapang -0.476029 110.151418 9 ADOLINA PTPN IV No Indonesia Sumatera Utara Serdang Bedagai 3.568533 98.94805 10 ADONG MILL WOODMAN GROUP No Malaysia Sarawak Miri 4.541035 114.119098 11 AEK BATU WILMAR No Indonesia Sumatera Utara Labuhan Batu 1.850583 100.1457 12 AEK LOBA SOCFIN INDONESIA Yes Indonesia Sumatera Utara Asahan 2.651389 99.617778 13 AEK NABARA RAJA GARUDA MAS Yes Indonesia Sumatera Utara Labuhan Batu 1.999722222 99.93972222 14 AEK NABARA SELATAN PTPN III Yes Indonesia Sumatera Utara Labuhan Batu 2.058056 99.955278 15 AEK RASO PTPN III Yes Indonesia Sumatera Utara Labuhan Batu 1.703883 100.172217 16 AEK SIBIRONG MAJU INDO RAYA No Indonesia Sumatera Utara Tapanuli Selatan 1.409317 98.85825 17 AEK SIGALA-GALA
    [Show full text]
  • Study on Business Potential and Major Players of CPO Industry In
    Hubungi Kami : 021 31930 108 021 31930 109 021 31930 070 [email protected] il palm industry is feasible to be decided as a perform plantation expansions and add total oil palm plants strategic commodity since it has given great (PKS) in order to raise the production capacity. Great role is O contribution towards the state income, to provide also played by PTPN and farmers’ oil palm plantations. job opportunities to 4 million heads of family or more than 16 million people. Therefore, Indonesian government Foreign exchanges produced from oil palm industry can actually should have provided its support for this business be increased more if Indonesia is able to raise oil palm advancement and protection from the attack of other productivity which is considered to be low since there are many parties. As the world largest producer of Crude Palm Oil old oil palm trees which need regeneration. Oil palm with production of 32 million tons and Palm Kernel Oil regeneration program through the assistance of fine seedling (PKO) of 3 million tons, Indonesia has a vast role to supply will produce additional value which is estimated to reach world’s foods and energy. Rp. 125 trillion per annum. Based on a research of CDMI that in the last six years Until 2017 from some 4.7 million hectares of farmers’ oil palm (2012 – 2017) the export of CPO and PKO kept on plantations, some 2.5 million hectares were less productive. increasing with fluctuating prices. In 2012, the export of Realizing this condition, the government has committed to CPO and PKO reached 20.30 million tons valued US$ 19.11 assist the farmers through the financing provided by Plantation billion while the export of CPO and PKO in 2017 amounted Fund Management Body (BPDP) of Oil Palm reaching Rp.
    [Show full text]
  • Bumitama Agri Ltd. MEDIUM RISK
    INITIATING COVERAGE 15 October 2014 Bumitama Agri Ltd. MEDIUM RISK Oil palm plantation ISIN: SG2E67980267| SGX: P8Z | Bloomberg: BAL:SP BUMITAMA AGRI LTD. MEDIUM RISK Summary Warding off Sustainability Risk This Chain Reaction Research (CRR) report analyzes the financial risk profile of Bumitama Agri Ltd. (BAL:SP), a rapidly growing palm oil company. We looked at sustainability risks associated with the group’s 204,000 hectare (ha) land bank in Kalimantan, Indonesia – an area that the company identifies as available for plantation development. Detailed analysis of 16 of the group’s 18 plantation subsidiaries shows that Bumitama has been involved in significant deforestation, peatland development and legal irregularities since the group entered the plantation business in 1998. Continuation of such practices places the group at serious risk of losing its two major customers. Wilmar International and Golden Agri-Resources (GAR) together purchase approximately 90 percent of Bumitama’s palm oil supply. As of early 2014, both companies have adopted stringent sourcing policies that disqualify third-party suppliers who engage in deforestation, peat development and social exploitation. In the months since, Bumitama has taken several steps that may mitigate some of the worst risks. In this report, CRR reviews how Bumitama accumulated its sustainability risk profile over the years, and assesses the potential financial consequences should the group fail to duly address its sustainability risk exposure. An earlier version of this report was sent to Bumitama Agri for review, and this final report integrates information from its response. Contested Land Bank: 41% At the core of our Sustainability Risk Assessment (SRA) is an analysis of how much of a company’s land bank may be “contested land” – i.e.
    [Show full text]
  • Illegalities in Forest Clearance for Large-Scale Commercial Plantations
    Indonesia: Illegalities in Forest Clearance for Large-Scale Commercial Plantations Eric Wakker, Aidenvironment Asia June 2014 With Support from: Table of Contents 1. Introduction .......................................................................................................................................... 1 2. Oil Palm ................................................................................................................................................. 2 2.1 Project History and Key Developing Institutions ................................................................................................................. 2 2.2 Major Companies Involved ................................................................................................................................................. 2 2.3 Forest Loss ......................................................................................................................................................................... 3 2.4 Main Expansion Areas ........................................................................................................................................................ 5 2.5 Future Expansion Plans ...................................................................................................................................................... 5 3. Industrial Tree Plantations .................................................................................................................. 8 3.1 History ................................................................................................................................................................................
    [Show full text]
  • Ordinary Members Attendance and Proxy List Banks and Investors 1
    Ordinary Members Attendance and Proxy List 43. Griesson-de Beukelaer GmbH & Co. KG Banks and Investors 44. Griffin's Foods Limited 1. ANZ Banking Group Limited 45. H J Heinz Company Ltd 2. Citibank 46. Haribo GmbH & Co KG 3. Credit Suisse AG 47. Henkel AG & Co. KGaA 4. Generation Investment Management 48. Honeytop Speciality Foods 5. HSBC Bank Malaysia Berhad 49. Hügli Holding AG 6. International Finance Corporation 50. Intersnack Procurement B.V (IFC) 51. Iwata Chemical Co.,Ltd 7. Rabobank International 52. Johnson & Johnson 8. Standard Chartered Bank 53. Justin's 54. Kao Corporation Consumer Goods Manufacturers 55. Kellogg Company 9. Allied Bakeries 56. Kerry Group 10. Alsacienne de Pâtes Ménagères 57. Klemme AG (APM) 58. KORONA SPOLKA AKCYJNA 11. Arnott's Biscuits Ltd 59. Lamb Weston/Meijer VOF 12. Associated British Foods plc 60. Lantmännen ek för 13. August Storck KG 61. Lindt & Sprungli (International) AG 14. Australian Food and Grocery Council 62. Lion Corporation 15. Avon Products, Inc 63. L'Oreal 16. Bahlsen GmbH & Co. KG 64. Lotus Bakeries NV 17. Bakkavor Limited 65. Mars, Incorporated 18. Barilla G. e R. F.lli Società per Azioni 66. Masson Group Company Limited 19. Beiersdorf AG 67. Mimasu Cleancare Corp. 20. Brandt Zwieback-Schokoladen GmbH 68. Nairns OatCakes Ltd & Co.KG 69. Natra SA 21. Brioche Pasquier Cerqueux 70. Neste Oil Corporation 22. Burton's Foods Ltd 71. Nestle S.A. 23. Casa Olearia Italiana Spa 72. Norlander Zeelandia AB 24. Cereform Ltd 73. Nutreco International BV 25. ConAgra Foods, Inc 74. Nutrition et Santé 26. Continental Bakeries BV 75.
    [Show full text]
  • BUMITAMA AGRI LTD (Membership Previously Under Subsidiary: PT Bumitama Gunajaya Agro) Particulars
    BUMITAMA AGRI LTD (Membership previously under subsidiary: PT Bumitama Gunajaya Agro) Particulars Organisation Name BUMITAMA AGRI LTD (Membership previously under subsidiary: PT Bumitama Gunajaya Agro) Corporate Website Address http://www.bumitama-agri.com/ Primary Activity or Product Oil Palm Growers Related Company(ies) None Country Operations Indonesia Membership Number 1-0043-07-000-00 Membership Type Ordinary Members Membership Category Oil Palm Growers Particulars ACOP 2013/2014 - BUMITAMA AGRI LTD (Membership previously under subsidiary: PT Bumitama Gunajaya Agro) Oil Palm Growers Operational Profile 1.1 Please state your main activities as a palm oil grower ■ Palm oil grower & miller Operations and Certification Progress 2.1.1 Total landbank licensed / owned 203243.00 2.1.2 Total landbank for oil palm cultivation 190999.00 2.1.3 Total land managed for conservation that is set aside 12244.00 2.2.1 Mature area 105869.00 2.2.2 Immature area 44595.00 2.2.3 Total area of estate plantations - planted 150464.00 2.3.1 Area certified 26622.00 2.3.2 Number of estates/Management Units 8 2.3.3 Number of estates/Management Units certified 2 2.4.1 Indonesia - Please indicate which province(s) ■ Kalimantan Barat ■ Kalimantan Tengah ■ Riau 2.4.2 Malaysia - please indicate which state(s) -- 2.4.3 Other - please indicate which country(ies) Oil Palm Growers ACOP 2013/2014 - BUMITAMA AGRI LTD (Membership previously under subsidiary: PT Bumitama Gunajaya Agro) 2.5.1 Do you have smallholders as part of your supply base? Yes 2.5.2 Schemed ■ schemed ■ independent 2.6.1 Area planted in this reporting period 8174.00 2.6.2 Have New Planting Procedures notifications been submitted to the RSPO for plantings this year? Yes 2.7.1 Do you source for FFB from third parties i.e.
    [Show full text]
  • Annual Report 2019 Contents
    ANNUAL REPORT 2019 CONTENTS 01 Vision & Mission 02 Corporate Profile 04 Chairman’s Message 08 Operational & Financial Highlights 12 Operational & Financial Review 16 Corporate Milestones 18 Board Of Directors 20 Key Management 21 Sustainability & Corporate Social Responsibility Report 39 Corporate Governance 59 Annual Financial Statements 142 Shareholders' Information 144 Notice Of Annual General Meeting 149 Proxy Form IBC Corporate Information OUR VISION To be a leading CPO producer through continuous improvement; focus on productivity, cost efficiency, sustainability and growth. OUR MISSION To enhance shareholder’s value; to improve the benefits and quality of life of our employees; to improve the welfare of the local communities and the environment. BUMITAMA AGRI LTD. ANNUAL REPORT 2019 01 CORPORATE PROFILE Bumitama Agri Ltd. (“Bumitama” or the remains firmly committed to seven RSPO certificates as at 31 “Group”), founded in 1996 and listed sustainability. Bumitama is a member December 2019, and is on track on the Singapore Exchange in 2012, is of the voluntary and internationally- towards securing RSPO certification one of the leading producers of crude recognised Roundtable on Sustainable for all mills and plasma smallholder palm oil (“CPO”) and palm kernel (“PK”) Palm Oil (“RSPO”) non-governmental schemes by 2024. Apart from achieving in Indonesia. The Group is principally organisation, and also adheres to certification for its own plantations engaged in the cultivation of oil palm the mandatory requirements of the and mills, Bumitama actively engages trees, as well as the harvesting and Ministry of Agriculture’s Indonesian and guides independent smallholders processing of fresh palm fruit bunches Sustainable Palm Oil certification towards obtaining such certifications as (“FFB”) into CPO and PK, which are then scheme.
    [Show full text]
  • Draw the Line a Black Book About the Shady Investments of Dutch Banks Into Palm Oil
    A black book about the Draw the line shady investments of Dutch Banks in palm oil Friends of the Earth Netherlands (Milieudefensie) This report has been made possible PO box 19199, 1000 GD Amsterdam with the support of various parties: [email protected] www.milieudefensie.nl Investigation: Friends of the Earth United States • Do you have questions after reading this publication? The Forests & Finance project • You can contact Friends of the Earth Netherlands by (www.forestsandfinance.org, a collaboration between telephoning the service line on +31 (0)20 6262 620 Rainforest Action Network, TuK INDONESIA and Profundo) Mighty Earth • © July 2018, Milieudefensie Friends of the Earth Netherlands (Milieudefensie) • Profundo (www.profundo.nl) • Disclaimer SDI (Friends of the Earth Liberia) • Various investigations conducted by partner organisations at home Walhi (Friends of the Earth Indonesia) • and abroad were consulted for the development of this publication. These parties all gave their approval for the numerical figures, Text: photographs and text contained in this publication. Friends of the Earth Netherlands (Milieudefensie) Friends of the Earth Netherlands retains all rights to the content of Translation: this publication. The content of this publication may not be used, Livewords either in whole or in part, for commercial purposes without the prior approval of Friends of the Earth Netherlands. Please consider the Images: environment before printing this publication. Kemal Jufri (p.4, 7, 9, 10, 11, 34) , Ed Wray (p.5, 12, 19, 20, 24, 28, 31), Gaurav Madan (p.16, 17. 47), Victor Barro (p.18, 26, 79), This publication was produced within the context of the Green Yudhi Mahendra / Mighty Earth (cover, p.22, 67, 89), Livelihoods Alliance, which is part of the Dialogue and Dissent James Taylor (p.30,44), Myrthe Verwey (p.
    [Show full text]