Explanation of Sinarmas Logo are as follows :

1. Logo / Symbol Sinarmas semicircular is taking inspiration from the sun never stops
shining . The rays can be felt in any parts of the world.
2. Lower-case letters and words that are connected in the name of the company / group name
describes the nature of a friendly at the same time market-oriented company , farsighted , and
sturdy .
3. Color Red describe the nature of the Strong and Firm .
4. Color Gray described the nature of which is not overbearing .
Neither the Sinar Mas group expectations as well as a mission of the whole company under
the shade to be realized in running their own business .

Kantor Pusat Non Operasional

Sinar Mas land Plaza
Tower I Lantai 9
Jln. M.H Thamrin No.51
Jakarta 10350 ,
021-3190 2888 / 021-3190 3589

BOARD of COMMISSIONER

Indra Widjaja
President Commissioner
..............................................................................................
An Indonesian citizen, born in 1952, in 1974 graduated in Business and
Industry Administration from Nanyang University of Singapore. Since
1982 in position as Commissioner of PT Sinar Mas Multiartha Tbk, and
as from 2001
up to current time as President Commissioner and from the year of 2001 he is also in some
strategic positions as President Commissioner of PT Sinarmas Sekuritas, PT Sinartama
Gunita and PT Asuransi Sinar Mas. Effective as from the year of 2003 he is in positions as
President Director of PT Asuransi Sinar Mas as from the year of 1984 as Commissioner of PT
Asuransi Jiwa Sinarmas and from the year of 2007 as President Commissioner.
Has ever been in position as PT Bank International Indonesia Tbk as Vice President Director
from 1982 to 1989 and as President Director from 1989 until the year of 1999. He was
Director of PT Bimoli and PT Witikco from 1974 and 1982.

BOARD of DIRECTORS

DODDY SUSANTO - Director

DODDY SUSANTO ( born 1960) , an Indonesian citizen . Graduates of
the Faculty of Social and Political Sciences , Parahyangan Catholic
University, Bandung, 1984 .
Ever worked on BANKAP (1984 - 1986) , Bank Internasional Indonesia
(1986 - 1999) most recently served as Director of Consumer Banking .
Then as COO at PT Asuransi Jiwa Eka Life (1999 - 2000) and held the
position of Managing Director of PT Sinar Mas Multifinance since 1
September 2000 until now .
HAWANTO HARTONO - Director
HAWANTO HARTONO ( born 1960) Indonesian citizen . Graduates of the
University of Atma Jaya , Jakarta in 1984 with a Bachelor's degree in the
field of Business Economics and an MBA degree in the field of Marketing
of Northtrop University , Los Angeles , USA in 1986. Started his career
with Astra International in 1987 , most recently served as General Manager
Operations at Federal International Finance (1998 ) and since September 2000 until now
serves as Director of PT Sinar Mas Multifinance .
RICKY FAERUS - Director
RICKY FAERUS ( born 1972 ) Indonesian citizen . Graduated S1 in
Sundanese University , Bandung in 1996 with a Bachelor's degree in
Economics and Management . Started his career with PT Sinar Mas
Multifinance Company 1999 to 2006 with his last position as Head of
Branch Bandung and commencing June 2006 until now serves as Director
of PT Sinar Mas Multifinance .
ROBBY Sugiharto HARJANTO - Director
ROBBY Sugiharto HARJANTO ( born 1966) , an Indonesian citizen .
Continuing his studies on the S - 1 at the Open University in 1999-2002 in
the field of Economics and Development Studies . Start entering the
automotive financing by working at Astra Credit Company in 1994 - 1996
and continues to BII Finance Center from 1997 - 2002. He joined PT Sinarmas Multifinance
of 2003 , his last position as Coordinator of Central Java and as of mid-2010 served as
Director of PT Sinarmas Multifinance .
.
2

PROFILE SINARMAS MULTIFINANCE

PT Sinar Mas Multifinance ( Simas Finance ) is a company engaged in the business
services of leasing , factoring and consumer finance . The company was founded in 1985
under the name of PT Sinar Supra Leasing Company , and changed its name to PT Sinar
Supra Finance Co. , and finally choose a new name that is used today . In 1995 all the shares
of the company was purchased by PT Sinar Mas Multiartha Tbk , an investment company
under the Sinar Mas Group . In February 1995 , PT Sinar Mas Multiartha Tbk buy all the
shares of PT Sinar Supra Finance and rename the company that bought into PT Sinar Mas
Multifinance in early 1996. In June 1996 , according to the guidelines Ministry of Finance of
the Republic of Indonesia , transferred all assets of PT Sinar Mas financing Multiartha TBK
to Simas Finance . In accordance with the financial statements Hanadi Sujendro Public
Accountants , these displacements include the value of assets of Rp.521 billion .
In 2010 , the Company has successfully increased consumer financing income is
originally Rp 120 billion in 2009 increased to Rp 170 billion in 2010. With total assets of Rp
905 billion .
The development in consumer finance , especially in the financing vehicle loans ,
PT Sinar Mas Multifinance up to December 31, 2012 has had 80 branches throughout
Indonesia .
In addition to opening a new branch for car financing , PT Sinar Mas Multifinance
also have an outlet for motorcycle financing targeted by the end of 2012 will be 388 outlets
complete the entire network of PT Sinar Mas Multifinance supported by 7175 employees .
COMPANY VISION
Being one of the leading vehicle financing company in Indonesia .
COMPANY MISSION
Operates as a retail finance company with an extensive network , supported by appropriate
information technology , human resources that are reliable , and sustainable sources of
funding
On behalf of the Board of Directors , we hereby submit the Annual Report of PT Sinar Mas
Multifinance in 2012 following the activities and results of the Company 's financial
performance .
STRATEGY OF THE BOARD OF DIRECTORS
Of business development for the year 2012 and the Company's success in doing
business financing backed Indonesian economic situation conducive to the exchange rate is
relatively stable rupiah cause the Company is able to achieve an increase in net profit of Rp
53.0 billion in 2012 compared to 2011 of Rp 46.2 billion and Total Assets increased from Rp
1.5 trillion in 2011 to Rp 2.8 trillion in 2012 .
Based on the observations , research and experience so far , we believe that the
steps the company to focus on activities that specialize in Consumer Financing Financing
Activity Vehicle , car and motorcycle used primarily is right and has a promising prospect in
the future in line with the improving economic conditions and stability social , political and
security Indonesia .
3

Recognizing the increasing competition , the characteristics of the retail industry

and the huge market potential , an indispensable condition to have high efficiency in order to
achieve optimal results , in anticipation of this, the management made a strategic move in the
form of :
Quality of Human Resource Development
Development of Information Technology
Increased and improved Structure Source of Funds
With these measures , we hope to further improve the performance of the company
in the future , which in turn can provide prosperity and better benefits for all employees ,
shareholders , creditors and society our service users .
Thus we say , do not forget on this occasion we express special sense of pride and
gratitude to all the employees of PT Sinar Mas Multifinance who have worked hard and
dedicated together - together we maintain and develop the Assets of the company so they can
achieve better results than the previous year .
In particular we would like to also thank the creditors and the public service users
PT Sinar Mas Multifinance for the support and trust , hopefully in years - years to come we
can provide better benefits .
FINANCIAL STATEMENTS
PT SINAR MAS MULTIFINANCE
Statements of Financial Position
December 31, 2013 and 2012
( Figures - figures are presented in millions of Rupiah , unless otherwise stated )
2013
ASSETS
cash
Consumer Financing Receivables
third parties
Revenue Unearned consumer financing
number
Allowance for impairment losses
Total - net
Net Lease Investment
related parties

72.411

28.838

1.202.184
(308.416)
893.768
(2.583)
891.185

1.008.374
(290.063)
718.311
(1.379)
716.932

139.698
2.961
(29.141)
(2.961)
110.557

third parties
Guaranteed residual value
Deferred financing income
Deposit guarantees
4

2012

970
185.691
13.992
(44.415)
(13.992)
_ 142.246

Total - net
Receivables Factoring
related parties
third parties
number
Factoring deferred revenue
Allowance for impairment losses
Total - net
Other Receivables
Deferred Tax Assets
Fixed assets - net of accumulated depreciation of USD 163
271 and USD 107 897 dated December 31, 2013 and 2012
Assets for Rent - net of accumulated depreciation of Rp 29
058 and USD . 23 578 dated December 31, 2013 and 2012
advance
Foreclosed collateral - net
Other assets - net
TOTAL ASSETS
LIABILITIES AND EQUITY
liabilities
Loan Received
Medium-Term Bonds
debt Bonds
Tax debt
Expense Accrual
Deferred Tax Liabilities
Liabilities Long-Term Employee Benefits
Other Liabilities
Total Liabilities
equity
Capital stock - par value of Rp 1,000,000 per share ( full
amount )
Authorized - each 3,000,000 shares and 1,000,000 shares of
December 31 , 2013 and 2012
.

259
961.968
962.227
(7.999)
(1.376)
952.852
16.879
690.375

73
1.098.754
1.098.827
(6.410)
(1.525)
_ 1.090.892
6.494
307
466.581

15.491

9.083

227.719
90.971
26.147
3.094.587

248.320
82.689
15.652
2.808.034

645.381
797.184
493.719
3.210
35.576
2.990
16.313
_ 39.953
2.034.326

922.105
996.884
3.437
20.573
13.235
36.691
1.992.925

1.000.000
60.261

700.000
115.109

_ 1.060.261

815.109

3.094.587

2.808.034

This SWOT analysis for Sinar Mas Multifinance can provide a competitive advantage.

Strengths
-barriers of market entry
-monetary assistance provided
Weaknesses
-small business units
-tax structure
-future competition
-competitive market
-unknown
Opportunities
-income level is at a constant increase
-global markets
Threats
-tax changes
-financial capacity
-rising cost of raw materials

NAME

: TIYAN GANDHI MANARA

NIM

: 201103939