Profile
Multistrada Arah Sarana Tbk
PT Multistrada Arah Sarana Tbk, or ‘MASA’ (Company), is an Indonesian tire manufacturer and produce Motor Cycle Radial ‘MC’ and Passanger Car Radial ‘PCR’ for both own brand (Achilles, Corsa & Strada) and offtake, with the areas of marketing in domestic and international markets. The company was established in 1988 as PT Oroban Perkasa. At the beginning, the company’s layout, design technological assistance was from Pirelli-Italy. The company also received technical and distribution assistance from Continental GMbh-Germany. During the crisis in Asia in 1999, all liabilities of the Company transferred to the National Bank Restructuring Agency (“IBRA”).
The current era of business success started from when the Companywas taken over by new management (PVP XVII Pte Ltd and PT. Indokemika Jayatama) in 2004, and completed restructuring including debt-to-equity conversion and an Initial Public Offering (IPO) in 2005. From that moment ,the Company keeps on increasing production capacity and improving quality which is funded by equity and loan and syndication. Success continues with support from a larger dealer network, and a growing reputation of marked growth of the Company’s products from year to year. From 2004 until 2010 the Company’s net sales grew by a CAGR of 35%. This target was reachable due to the company achieving a good reputation for the products in the market domestically and internationally.
Increased sales and product recognition for the Company’s product by the automotive market in Indonesia and five continents of the world gave us the confidence to continue trying to improve performance in accordance with our status as a world-class tire manufacturer. Our products have obtained certification of compliance with quality standards both domestically and internationally.
Demand is currently quite good and exceeds production capacity, and the Company will strive to fulfill it by continuing to increase production capacity and continues to expand distribution network in both domestic and international markets as an effort to maintain and even increase their share of existing markets.
By combining our technical and business skills as well as excellence in facilities owned, and the synergy of all employees who work together, the Company continues to focus on change and innovation to increase sales and improved our image in the world market.
| Security Code | : | MASA |
| Office Address | : | Jl. Raya Lemahabang Km. 58,3 Desa Karang Sari, Kec. Kedung Waringin Cikarang Timur |
| Mail Address | : | ade.bm@multistrada.co.id |
| Phone | : | 891-40-333 (Ade: 0811-16-70-00) 0811-14-21-25 |
| Fax | : | 021 - 89140758; 891-40851 |
| NPWP | : | 01.330.132.0-054.000 |
| NPKP | : | - |
| Website | : | www.multistrada.co.id |
| Listing Date | : | 09-Jun-2005 |
| Board | : | Development |
| Main Bussiness | : | Automobile Tire Industry |
| Sector | : | TRADE, SERVICES & INVESTMENT |
| Sub Sector | : | OTHERS TRADE, SERVICES & INVESTMENT |
| Stock Administration Berrau | : | PT Raya Saham Registra |
Subsidiary
| Name of Subsidiary | Line of Business | Total Asset | Percentage |
|---|---|---|---|
| PT Multistrada Agro International | Pengusahaan dan pengelolaan Hutan Tanaman Industri | 76652000000 | 95 % |
| PT Kawasan Industri Multistrada | Pengusahaan dan pengelolaan Kawasan Industri | 25000000000 | 99.6 % |
Ownership
Shareholders
| Shareholders Name | Shareholders Type | Number of Share | Percentage |
|---|---|---|---|
| PT CENTRAL SOLE AGENCY | More Than 5% - Not a Controlling Shareholder | 600000000 | 9.8 % |
| PVP XVII PTE LTD | More Than 5% - Not a Controlling Shareholder | 1597000000 | 26.09 % |
| THE BANK OF NEW YORK AS CUSTODIAN OR TRUSTEE FOR N | More Than 5% - Not a Controlling Shareholder | 442745000 | 7.23 % |
| Y. ADE BUNIAN MONIAGA | Director and Commissioner | 10000000 | 0.16 % |
| ANDI SOLAIMAN | Director and Commissioner | 8141000 | 0.13 % |
| HARTONO SETIOBUDI | Director and Commissioner | 8141000 | 0.13 % |
| PIETER TANURI | Director and Commissioner | 72840000 | 1.19 % |
| EUGENE CHO PARK | Director and Commissioner | 8141000 | 0.13 % |
| IR. SUKARMAN | Director and Commissioner | 8141000 | 0.13 % |
| Public | Less Than 5% | 3482219630 | 56.88 % |
Key Executive
Director :
| Director’s Name | Director’s Position | Independent |
|---|---|---|
| Pieter Tanuri | President Director | No |
| Ir. Sukarman | Vice President Director | No |
| Hartono Setiabudi | Director | No |
| Andreas Handoyo Hutama | Director | No |
| Yohanes Ade B.M. | Director | No |
| Uthan M.A. Sadikin | Director | No |
| Wayah Surya Wiroto | Director | No |
Commissioners :
| Commissioner’s Name | Commissioner’s Position | Independent |
|---|---|---|
| Eugene Cho Park | President Commissioner | No |
| Andi Solaiman | Commissioner | No |
| Paulus Ridwan Purawinata | Commissioner | Yes |
| Mulyo Sutrisno | Commissioner | Yes |
| Glenn T. Sugita | Commissioner | No |
