About Us – DANASUPRA

PT Danasupra Erapacific Tbk

About Us

PT Danasupra Erapacific Tbk (DEFI) began operating in 1995, and is engaged in leasing, factoring and consumer financing. Company’s operations are divided into three divisions, namely leasing (provides financial services in the procurement of capital goods such as facilities and equipment production), factoring (providing financing services, which will help employers to improve working capital) and consumer finance (providing financing services for consumer goods).

Company History

PT Danasupra Erapacific Tbk (Company) is a public-traded company listed on the Indonesia Stock Exchange (IDX), under the “DEFI” transaction code. Company was established in 1994, based on Deed of Notary Elliza, SH No. 65 dated November 11, 1994 and obtained its legal status from the Minister of Law, Republic Indonesia under Decree No. C2-1.101.HT.01.01 Th.95 dated January 25, 1995, published on the State Gazette of Republic Indonesia No. 15 dated February 25, 2000, Supplement No. 913.

As the Company is engaged in the financing, the Company’s business activities include:

Leasing in the form of procurement of capital goods for the lessee, either with or without option rights over the goods;
Factoring is done with the form of the purchase or transfer of receivables / short-term bills of trade at home and abroad, and the administrator company for credit sales and collection of accounts receivable of the Company other;
Consumer Financing is done in the form of provision of funds for the purchase of consumer goods for which payment is made in installments or periodically by the consumer.

The Company has obtained its license as Multi-finance Company from the Minister of Finance under Decree No. 439/KMK.017/1995 dated September 14, 1995. The company started to commercially operated at 1995.

The Company at 2000 submitted a Statement of Stock Issuance Registration t to the Head the Capital Market Supervisory Agency (BAPEPAM) in relation to Initial Public Offering of 5,000,000 shares to the public with nominal value Rp 500 per share.

The pronouncement became effective based on the letter Chairman of the Capital Market Supervisory (BAPEPAM) No. S-768/AM/2000 on April 8, 2000.

The said Deed of Establishment amended as a result of Initial Public Offering of Shares to the public, base on Deed No. 12 dated 18 January 2000, made before Refizal, SH, notary in Jakarta and has attained approval from the Minister of Law, Republic of Indonesia through Decree No. C-1248.HT.01.04TH. 2000 dated February 3, 2000 and was also published on State Gazette of the Republic of Indonesia No. 99 dated December 12, 2000, Supplement No. 7586.

This change marks the Company’s name change from PT. Danasupra Erapacific to PT. Danasupra Erapacific Tbk.

Offering and listing of shares on the stock exchange Surabaya done effectively by letter of the Chairman of Bapepam No. S-768/PM/2000 dated 18 April 2000.

Effective date of July 6, 2001, the Company’s shares were listed on the Jakarta Stock Exchange (Indonesia Stock Exchange).

In connection with adjustments to the Limited Companies deed No. 40 of 2007, The Articles of Association where also modified, as per the statement of the Extraordinary General Meeting of Shareholders on June 19, 2008 through Deed No. 54 made before Marina Soewana, SH. Notary in Jakarta. This amendment was approved by Minister of law and Human Rights of the Republic of Indonesia through Decree No. AHU-33658.AH.01.02 of 2009 dated July 17, 2009 as announced in the State Gazette of the Republic of Indonesia, dated May 24, 2011 No. 41, Supplement No. 13600.

Vision and Mission

Corporate Vision

become the best multifinance company

Corporate Mission

to support increasing economic by providing fund for working capital, investment and consumer financing

Corporate Values

Core values are the basic principles that underlie moral enterprise at work, patterned think, communicate and act, which must be adhered to, lived, performed and believed by all employees during working Danasupra Erapacific Tbk PT.

Core Values are:

Honesty
Partnership
Justice
Mutual Respect
Maintain Corporate Reputation

Business Activity

Company’s Operation

Under the Regulation of the Financial Services Authority No. 29/POJK.05/2014 concerning Financing Company Financing, the Company aligns its business through the amendment of the Company’s Articles of Association. In Article 3 the aims and objectives of the Company are:

Investment Financing
Working Capital Financing
Multi-Use Financing

Investment Financing

Investment Financing is the financing for the procurement of capital goods and services necessary for business/investment activities, rehabilitation, modernization, expansion or relocation of place of business/investment given to the debtor in more than 2 (two) years.
Investment Financing is done by:

Leasing Financing
Sell and Lease
Factoring with Receivables from Receivable Sellers
Purchase by Payments In installments
Project Financing

Working Capital Financing

Working Capital Financing is the financing to meet the needs of expenditures that run out in a cycle of business activities of the debtor and is a financing with a period of maximum 2 (two) years.

Working Capital Financing is done by:

Sale and Lease Back
Factoring with Receivables from Receivable Sellers
Factoring Without Guarantee from Receivable Seller
Business Capital Facility

Multi-Use Financing

Multi-Use Financing is the financing for the procurement of goods and/or services required by the debtor for consumption/consumption and not for business purposes (productive activity) within the agreed timeframe.

Multipurpose financing is done by:

Leasing Financing
Purchase by Payments In installments
Other financing after obtaining approval from the Financial Services Authority first.

Business Performance Analysis

Assets

The Company experienced a decrease in total assets by 12.26% in 2020, from Rp.94.63 billion in 2019 to Rp. 83.03 billion in 2020. This decrease mainly occurred due to decrease in the cash and cash equivalent amounting to Rp. 12.65 billion (65,84%) from Rp. 19.21 billion in 2019 to Rp. 6.56 billion in 2020 and consumer financing receivables amounting to Rp. 1.64 billion (4.65%) from Rp. 15.5 billion in 2019 to Rp. 13.86 billion in 2020.

The details and percentage of assets of the Company as of December 31, 2020 and December 31, 2019 as follows

Liabilities

Total liabilites in 2020 decreased amounting to Rp 705.63 million (54.72%) compared to the position at the end of 2019. This incline accured mainly due to increase in Other Payabales amounting to Rp 577 million (70,29%), from Rp 820.92 in 2019 to Rp 243.92 million in 2020.

Equity

The Company’s total equity in 2020 decreased by 11.67% amounting to rp. 10.89 Billion which amounting to Rp 82.45 billio from Rp 93.34 billion in 2019, this waas due to decreased in other comprehensive income from Rp. 11.1 billion in 2019 to (Rp. 18.34) billion in 2020.

Revenues

The Company’s revenue comes from factoring and consumer financing, administration income, provision income, fine income, bank interest income and other income.

As of December 31, 2020, total revenue was recorded at Rp 3.24 billion, down by 78.68% compared to the previous year as of December 31, 2019, which was Rp 15.19 billion.

Expenses

The Company’s expenses are derived from labor, allowance for impairment losses, general and administrative, post-employment benefits, and other expenses. As of December 31, 2020, the Company recorded a total expenses of Rp 4,81 billion, increased by 40.58% compared to December 31, 2019, which amounted to Rp 3.42 billion. The increase in total expenses was mainly due to implementation of PSAK 71 which provided incremental of impairment losses amounted to Rp 878 million from Rp 19,3 million to Rp. 898 million.

Comprehensive Profit (Loss)

The Company’s total comprehensive income for the year ended December 31, 2020 amounted to (Rp. 30.69 billion), a decrease of 273.76% compared to the year ended December 31, 2019 which amounted to Rp. 17.66 billion. The decrease in comprehensive income was due to decrease in value of available investment securities for sale (not yet realized).

Cash Flow

Cash flow analysis for operating activities in finance companies is different from other companies in general, where negative value or excessive use of cash, especially for new financing shows the ability of the finance company to obtain new financing. In other words, the greater the use of cash from operating activities, especially on new financing reflects the better growth of company. The details of the Company’s cash flows in 2020 and 2019 can be seen in the table:

Net Cash Obtained from Operating Activities

Net cash used/provided for/by operating activities is Rp. 720 million and (Rp. 4.32 billion) for the year ended December 31, 2020 and 2019. The positive amount in net cash obtained from operating activities that occurred on December 31, 2020 compared to December 31, 2019 which caused by the delay in disbursement of financing by the Company due to Covid-19 Pandemic.

Net Cash Used for Investment Activities

Net cash used/provided for/by investment activities is amounting to (Rp. 33.73 billion) and Rp. 19.48 million for the years ended December 31, 2020 and 2019. Net cash provided by investing activities mainly from purchasing of investments in available-for-sale securities in 2020.

Primary Financial Ratio

The Ability Of The Payments Of Loans

The company always monitors the cash flow projections and the availability of funds to pay off short-term liabilities. The company does not have bank loans or other long-term liabilities.

Collectability Level

The details of the age of consumer financing receivables in 2020 and 2019 are as follows:

Capital Structure and Management Policy on Capital Structure

The Company’s capital still uses its own capital, which is derived from paid up capital and retained earnings. The stock capital which was issued and paid-up in 2020 was Rp 34.36 billion.

Target and Realization of Fiscal Year and the Next Target of Fiscal Year

In the midst of the continuing economic slowdown due to the covid-19 pandemic, the Company is aware of adjusting the achievement target for financing distribution in 2020. The disbursed financing reached 100% of the target adjusted in the Company’s business plan of Rp 16.1 billion. For 2021, the Company targets total financing to reach Rp 45.89 billion or a growth of 33.36% from the realization or achievement of financing in 2020.

Informations and Material Facts Which Occurred After the Date of Accountant Report

The Company has completed the Limited Public Offering I to the Company’s Shareholders in the framework of the issuance of Pre-emptive Rights (HMETD) to the public totaling 11,266,666 ordinary shares on behalf of the nominal value of Rp50 per share and exercise price of Rp 1,850 per share so that all the additional capital amounted to Rp. 20,843,332,100

Marketing Aspect

Marketing

Marketing activities play an important role, both to expand business activities and to maintain market share in the finance industry. The marketing department continues to improve the collaboration with dealers and strategic financing partners to increase financing.

The Company’s marketing focuses on providing services and fostering good relationships to business partners, whether banks, financial institutions and other creditors, insurance, dealers and consumers.

Relationship with the Bank

The Company maintains a sustainable relationship with the bank, although there is currently no cooperation with the bank in terms of funding. Good cooperation with the bank facilitates the Company in doing both transaction with the dealers and consumers.

Relationship with Consumers

In order to maintain business continuity, the Company continuously improves customer service starting from the time of credit application until the end of consumer obligation to The Company.

Credit application is processed easily, quickly and safely without leaving the principle of prudence. The Company also provides several installment payment methods to facilitate the consumer. Consumers can ensure that after credit repayment, BPKB can be obtained immediately. In addition, the Company also offers competitive interest.

Relationship with Insurance Company

The Company requires the insurance of the object being financed to minimize the risk. Therefore, the Company maintains good relations with a credible, national-scale Insurance Company that provides good service to its customers and provides a good commitment to the Company in executing its business strategy

Articles of Association

The Articles of association define authority, duties and responsibilities, and determine the structural mechanism for appointing and dismissing members of the board of Directors and the board of commissioners. Statutes define the work relationship between the board of commissioners and the board of Directors as well, in line with the limited liability company law number 40/2007 and capital market law number 8/1995, according to BAPEPAM-LK and related PPATK.

Shareholders

Ownership Structure and Composition of Shareholders

The structure of shareholders and their percentage of ownership based on records from the Securities Administration Bureau (PT Adimitra Jasa Korpora) as of December 31, 2020 are as follows:

Organizational Structure

Corporate Organization Structure

Board of Commissioners

The Board of Commissioners is a non-executive body representing shareholders whose task is to supervise policies and operational performance in general, both regarding the Company and the Company’s business. The Board of Commissioners is also tasked with providing advice and direction to the Board of Directors regarding management, ensuring that the implementation of CGC is in accordance with the guidelines. -signs that have been determined and provide approval for the annual report from the Board of Directors before it is submitted to Shareholders.

To carry out its duties, the Board of Commissioners is assisted by the Audit Committee which regularly provides reports to the Board of Commissioners regarding the Company’s performance.

Deddy Koesnadi

President Commissioner

Indonesian citizen obtained a Bachelor’s degree in State Administration at STIA – LAN in 1994. Attended the 56th Class of Foreign Transactions & Foreign Exchange Services Course at the Indonesian Bankers Institution and PT Bank Dagang Negara (Persero) in 1994, The Fundamental of Wealth Management (WM01) at the Master of Management Gadjah Mada University (2006), Affiliate Wealth Manager (Aff.WM) at the Certified Wealth Manager’s Association (2006), Level I Risk Management Certification at the Risk Management Certification Body (2006), Banking Risk Management Level 2 at the Banking Professional Certification Institute (2012), Banking Risk Management Level 2 at the National Professional Certification Agency (2016). Served as Branch Manager/First Senior Manager Jakarta Graha Rekso Branch PT Bank Mandiri (Persero) Tbk (2005-2007), Branch Manager/Senior Manager Jakarta Cempaka Mas Branch PT Bank Mandiri (Persero) Tbk (October 2006-April 2009), Branch Manager/Assistant Vice President Jakarta Branch DPR RI Class II Branch (Special Section) PT Bank Mandiri (Persero) Tbk in 2009-2011, Branch Manager/Assistant Vice President Class I Regular Branch PT Bank Mndiri (Persero) Tbk (March 2011- May 2013), Branch Manager/Vice President Area Jakarta Sudirman Branch Jakarta Stock Exchange PT Bank Mandiri (Persero) Tbk (July 2013-July 2018).

Arfa Raygianto

Independent Commissioner

Indonesian citizen born in Jakarta on June 12, 2000. Participated in University (Exchange Program) Retail Management, Customer-Driven Marketing Strategies, Destination Management, International Marketing at Linnaeus University, Kalmar, Sweden in 2022. In October 2018 until now currently studying at the University of Indonesia, International Undergraduate Program (KK-I).

Served as Independent Commissioner of PT Danasupra Erapacific Tbk since 19 June 2024, based on the decision of the Annual General Meeting of Shareholders on 19 June 2024.

Board of Directors

Board of Directors is the company’s main organ that holds ultimate executive authority. The Boards of Directors are under the supervisions of the Boards of Commmissioners, whose job is responsible for performing and controlling the daily operations of the company, in accordance with the mandate of company’s Articles of Associations and Decision on general meeting of shareholders. In performing its duties, the Board of Directors should uphold the principles of corporate GCG.

Irianto Kusumadjaja

President Director

An Indonesian citizen who born in Jember 1962, graduated from the High School of Informatics Management & Computer (STI&K) in 1985.

Appointed as Director since Agust 2021, based on the resolution of the AGMS on August 20, 2021. He has no affiliation relationship with members of the Board of Directors, other members of the Board of Commissioners and Shareholders.

Floyd Andrew Jonathans

Director

An Indonesian citizen who born in Depok 1977, graduated from Politeknik ITB, Bandung 1998 and Pancasila University Jakarta, 2010

Appointed as Director since August 2021, based on the resolution of the AGMS on August 20, 2021. He has no affiliation relationship with members of the Board of Directors, other members of the Board of Commissioners and Shareholders

Audit Committee

The Audit Committee is a committee appointed by and responsible to the Board of Commissioners. The main task of the Audit Committee is to assist the Board of Commissioners in ensuring the implementation and maintenance of Corporate Governance practices and adequate supervision of the Company, supervising and monitoring the Company’s internal control system.

The Audit Committee examines the effectiveness of audit plans, internal auditor reports and works specifically to tighten internal supervision in the Company. The Audit Committee also establishes relations with the Independent External Auditor to review work plans and follow up on their findings. The audit committee also provides a brief report reviewing the overall implementation of the Company’s standard governance framework.

Arfa Raygianto

Chair of the Audit Committee

Served as Independent Commissioner of PT Danasupra Erapacific Tbk since 19 June 2024, based on the decision of the Annual General Meeting of Shareholders on 19 June 2024.

Karlina Arum Kusumasari

Member of Audit Committee

Indonesian citizen graduated with Bachelor of Management from Jakarta Open University in 2021, D3 in Financial Management at APP Jakarta Polytechnic in 2016

Work Experience :

2022 – Now

PT Cashlez Worldwide Tbk

Internal Audit

2017 – 2021

The Tempo Group

Corporate Internal Audit

Nur Miftahul Jannah

Member of Audit Committee

Indonesian citizen graduated with Bachelor of Information Systems-Computer Accounting from Bina Sarana Global College of Management and Computer Science in 2018.

Work Experience :	November 2019 – Juni 2023	PT Mitra Sinergi Indonesia Secretary & Finance
	Februari 2023 – Mei 2023	PT MItra Artha Maluku Corporate Internal Audit
	March 2017 – Oktober 2019	PT Paramita Bangun Persada – Bale Kota Mall AR Staff
	July 2016 – November 2016	PT Roda Prima Lancar Receptionist

Corporate Secretary

In accordance with the provisions of the Financial Services Authority (OJK) Regulation No. 35/POJK.04/2014 concerning Corporate Secretary of Issuers or Public Companies, the Company has appointed Irianto Kusumadjaja to serve as the Corporate Secretary and carry out his duties fully since November 1, 2019.

Internal Audit

Internal Audit Unit

Internal audit is a Division administered under the Directors and is able to communicate directly with the Board of commissioners in regard to matters related to company audit. The internal audit division is supervised by the Head of Internal Audit, who was appointed and later dismissed by the President Director through a recommendation of the Board of Commissioners. Duties and responsibilities of the internal audit division include: to ensure and assure that all corporate operational activities are running according to Company rules and regulations, Company policies and procedures as applied.

In 2020, the Internal Audit Division was headed by Siti Amelia Mardatila.

Media News

Pengumuman Ringkasan Risalah Rapat Umum Pemegang Saham Tahunan PT Danasupra Erapacific Tbk

June 21, 2024

PUBLIC EXPOSE PT DANASUPRA ERAPACIFIC Tbk

June 19, 2024

Panggilan Rapat Umum Pemegang Saham Tahunan PT Danasupra Erapacific Tbk

May 28, 2024

Pengumuman Rapat Umum Pemegang Saham Tahunan PT Danasupra Erapacific Tbk

May 13, 2024

Pengumuman Ringkasan Risalah Rapat Umum Pemegang Saham PT Danasupra Erapacific Tbk

July 3, 2023

Public Expose PT Danasupra Erapacific Tbk

June 26, 2023

Head Office

Tower B Lantai 3, 18 Parc Place SCBD
Jl. Jend. Sudirman Kav. 52-53
Jakarta Selatan 12190

Phone : (021) 5140 1157
Fax. : (021) 5140 1159
E-mail : danasupra@cbn.net.id

PT Danasupra Erapacific Tbk

We are dealing in leasing, factoring and consumer financing. Our business activities include rental (provides financial services in the procurement of capital goods such as facilities and equipment production), factoring (providing financing services, which will help businesses to improve working capital) and consumer finance (financing consumer goods)