PT Selamat Sempurna Tbk (the "Company") was established in Indonesia
based on the Notarial Deed No. 207 of Ridwan Suselo, S.H., dated January
19, 1976. The Deed of Establishment was approved by the Minister of
Justice in its Decision Letter No. Y.A.5/96/5 dated March 22, 1976. The
Company’s Articles of Association has been amended several times, the
latest amendment of which was drawn up in Notarial Deed No. 36 of
Kamelina, S.H., dated October 18, 2016, concerning the Company is split
of the par value of shares from Rp100 (full amount) per share to Rp25
(full amount) per share and subsequently changed the number of
outstanding shares from 1,439,668,860 shares to 5,758,675,440 shares.
The amendment in the Company’s Articles of Association was received and
recorded by Directorate General of Department of Administrative Law and
Human Rights of the Republic of Indonesia as stated in letter No.
AHU-AH.01.03-0091501 dated October 21, 2016 with State Gazette No. 45
dated June 6, 2017 Additional No. 1549/L year 2017.
The Company manufactures filters, radiators,
oil,coolers, condensers, brake pipe, fuel pipes, fuel tanks, exhaust
systems, and press parts. Sakura filter trademark has been registered to
more than 90 countries. SMSM has been listed as a public company since
1996, and now is listed in the Indonesia Stock Exchange.
The Company is domiciled in Jakarta and its head
office is located at Wisma ADR, Jalan Pluit Raya I No. 1, North Jakarta,
while the production plant is located in Jakarta and Tangerang. The
Company started its commercial operations in 1980.
PT Adrindo Intiperkasa is the parent entity and ultimate parent entity of the Company. Selamat Sempurna SMSM
1976
PT Selamat Sempurna Tbk. (the "Company") was established in Indonesia.
1994
The Company acquired share in ownership in PT Andhi Chandra Automotive
Products (ACAP). Furthermore in year 1995, the Company also engaged in
investment activity by participated in PT Panata Jaya Mandiri, a joint
venture company with Donaldson Company Inc, USA.
1996
The Company listed its shares in Jakarta and Surabaya Stock Exchange
(now Indonesia Stock Exchange) so the public can participate in owning
the Company’s shares.
2000
The Company obtained its
effective statement from BAPEPAM to offer debt securities (bond payable)
to the public with nominal value of Rp. 100 Billion, which were listed
at the Surabaya Stock Exchange on July 31, 2000 and based on the rating
result from PT Pemeringkat Efek Indonesia (Pefindo), the Bonds are
categorized as "id A" (stable outlook).
ACAP had initially offered a
portion of its shares to the public through Jakarta stock Exchange.
In order to continuously support
the Company’s development plan, by the end of year 2000, the Company
has been established and built Training Center, a human resources
development facility to provide reliable technical and management
personnel.
2001
The Company started its new production facility for filtration product located at Curug, Tangerang.
2004
The Company expanded its warehouse to the new central warehouse with total of 10.000 m2 area in Tangerang Banten.
The Company expanded its warehouse to the new central warehouse with total of 10.000 m2 area in Tangerang Banten.
2005
The Company had fully paid the
debt securities (bond payable), in which before the settlement of bonds
payable, Pefindo, in April 2005 has upgraded the rating of the bonds
securities issued by the Company from "id A" to "id A+".
The Company, in its investing
activities, participated in the establishment of PT International Steel
Indonesia (ISI), a joint venture company with Daewoo International
Corporation, Korea, which engaged in steel processing industry.
2006
As a part of continuous efforts and in order to increase future
corporate value for stakeholders, the Boards of Commissioners and Board
of Directors of the Company and ACAP have decided to merge ACAP and the
Company into one integrated entity as PT Selamat Sempurna Tbk (Surviving
Company).
2009
Based on Share Purchase Agreement, POSCO (Korea), third party, acquired 65% of the issued and paid up capital from the existing shareholders of ISI, including 25% the Company’s share ownership in ISI, therefore the composition of the new ISI shareholders become POSCO, Daewoo International Corporation and the Company. Furthermore ISI changed its name to PT POSCO Indonesia Jakarta Processing Centre.
Based on Share Purchase Agreement, POSCO (Korea), third party, acquired 65% of the issued and paid up capital from the existing shareholders of ISI, including 25% the Company’s share ownership in ISI, therefore the composition of the new ISI shareholders become POSCO, Daewoo International Corporation and the Company. Furthermore ISI changed its name to PT POSCO Indonesia Jakarta Processing Centre.
2010
The Company issued Selamat
Sempurna II Year 2010 Bonds Payable with fixed rate, rated "id AA-" by
Pefindo. The Bonds consist of:
- A Series, which bears fixed interest rate at 8.9% and due date on July 13, 2011.
- B Series, which bears fixed interest rate at 10.3% and due date on July 8, 2013.
- C Series, which bears fixed interest rate at 10.8% and due date on July 8, 2015.
The bond’s total nominal value
is Rp. 240 billion, of which each series’s nominal value is Rp. 80
billion. The funds from Public Offering of Bonds Payable are utilized to
settle The Company’s bank loan and to increase the Company’s working
capital, to purchase raw materials, indirect materials, and finished
goods.
2011
The Company had fully paid Selamat Sempurna II Year 2010 Bonds Payable
with fixed rate – A Series. Prior to the settlement of the bonds
payable, in April 2011, the rating of the Company’s bonds is "id AA-" by
Pefindo.
2012
In January 2012, the Company
entered into a joint venture agreement with Tokyo Radiator MFG.Co.,
Ltd., (Tokyo Radiator) to incorporate PT Tokyo Radiator Selamat Sempurna
(TRSS). TRSS engages in manufacturing of radiators and its related
products and domiciled in Tangerang, Indonesia. Until December 31, 2012,
the Company had subscribed Rp 5,676,000,000 which represents 33% share
ownership of TRSS.
In May 2012, the Company has
signed a Share Subscription Agreement related to investment in PT
Hydraxle Perkasa (HP), a related party and an entity under common
control, to acquire 722,588,000 shares or 49% of the HP’s issued and
paid-up capital, with acquisition cost amounted to to Rp.
113,132,316,000. Based on the agreement, the Company also has the option
to increase its investment in HP amounted to 60,000,000 shares through
the issuance of new shares by HP, at an exercise price of Rp 157
("Option"), or amounted to Rp 9,420,000,000 after the exercise of the
option by the Company, the Company’s investment in HP will become 51% of
the HP’s issued and paid-up capital. The term of option is 8 (eight)
months from the date the Shares Subscription Agreement (May 1, 2012)
until December 31, 2012. The Company has exercised the option on August
1, 2012.
In November 2012, based on the
Circular Resolution of Shareholders of POSCO-IJPC, the shareholders
agreed to, among others, proportionately increase the share capital in
POSCO-IJPC by US$ 15,497,976 based on percentage of ownership of each
shareholder, in which, the proportion of increase of the Company’s
shares ownership in POSCO-IJPC is amounted to US$ 2,324,696.
2013
In February 2013, the Company
increased the share capital in TRSS in which the proportion of increase
of the Company’s shares is 5.445 shares (Rp. 5.445.000.000) from 5.676
shares (Rp. 5.676.000.000) to 11.121 shares (Rp. 11.121.000.000).
In June 2013, the Company has
signed a Share Purchase Agreements with PT Adrindo Intisarana (AIS) and
Eddy Hartono (EH) related to Transaction of Share Purchase owned by AIS
and EH in PT Prapat Tunggal Cipta and PT Selamat Sempana Perkasa, by the
Company.
In July 2013, the Company had
fully paid Selamat Sempurna II Year 2010 Bonds Payable with fixed rate-B
Series, which prior to the settlement, in April 2013, the rating of the
Company’s bonds is "id AA-" by Pefindo.
In August, 2013, the Company has
signed a Technical Assistance Agreement with Sueyoshi Kogyo Co.Ltd.,
Japan regarding the production of Fuel Tank and Hydraulic Tank for
Construction Machinery market in Indonesia.
2014
In June 2014, PTC [subsidiary of
the Company] signed a Share Purchase Agreements with AIS and EH related
to Transaction of Share Purchase owned by AIS and EH in PT Cahaya Mitra
Gemilang (CMG).
In Agustus 2014, based on the
Circular Resolution of Shareholders of HP (Subsidiary of the Company),
the shareholders agreed to, among others, proportionately decrease the
share capital in HP by Rp. 45.917.640.000 based on percentage of
ownership of each shareholder, in which, the proportion of decrease of
the Company’s shares ownership in HP is amounted to Rp.
23.417.640.000,-.
2015
In June 2015, the Company has
signed a Share Purchase Agreement related to Share Purchase Transaction
in Bradke Synergies Sdn Bhd, the Company registered and incorporated
under the laws of Malaysia.
In July 2015, the Company had fully paid Selamat Sempurna II
year 2015 Bonds Payable with fixed rate-C Series, which prior to the
settlement, in April 2015, the rating of the Company’s bonds is "id AA"
by Pefindo.
In October 2015, the Company increased the share capital in
TRSS in which the proportion of Increase of the Company’s shares is
10,956 shares (Rp. 10,956,000,000) from 11,121 shares (Rp.
11,121,000,000) to 22,077 shares (Rp. 22,077,000,000).
2018
In June 2018, The Company has signed a Share Purchase Deed related to Share Purchase Transaction in Sure Filter (Thailand) Co., Ltd, a Company registered and incorporated under the laws of Thailand. Selamat Sempurna SMSM
In June 2018, The Company has signed a Share Purchase Deed related to Share Purchase Transaction in Sure Filter (Thailand) Co., Ltd, a Company registered and incorporated under the laws of Thailand. Selamat Sempurna SMSM
Selamat Sempurna SMSM
Selamat Sempurna Company Profile