PT Swisstex Naratama Indonesia (SNI) , previously named PT Alfa Chemical Indonesia, was established based on Notarial Deed No. 14 of lndirawati Hayuningtyas, S.H., dated July 10, 2006. That Deed of Establishment was approved by the Minister of Justice of the Republic of Indonesia in his Decision Letter No. C-24421 HT.01.01. Th.2006 dated August 23, 2006. Based on Notarial Deed No. I dated July 1, 2009 of Eddy Tampubolon SH., PT Alfa Chemical Indonesia changed to PT Swisstex Naratama Indonesia.
SNI Articles of Association has been amended several times, most recently by notarial deed Dewi Sukardi, S.H., Mkn., No. I dated December 5, 2011 concerning changes in stockholders and Board of the company. This deed was approved by the Minister of Law and Human Rights of Republic of Indonesia in its Decision Letter No.AHU-AH.01.10-40719 dated December 14, 2011.
SNI runs the business of chemical materials for yam and textile. SNI is an agent and distributor of some principles both domestic and abroad, whose marketing areas are all over Indonesia and clients such as PT Famatex, PT Sri Rejeki Isman, PT Tyfountex Indonesia, PT Tokai Texprint Indonesia, PT Argo Pontes, etc. Our products are Novacron, Terasil, Novasol, Lyoprint, Albatex, Eriopon, Uvitex, Polyprint and Stiffener. As a result, the selling and net profit of SN/ keeps increasing year to year.
On December 5, 2011, the company bought 182 shares of SNI owned by Herwanto Sutanto and 175 shares owned by Lili Mulyadi Sutanto. From the transaction, the company then has 51% of shares of SNI.
After the transaction, as it is decided in the General Meeting of Shareholders No. 01 dated on December 5, 2011, which was made in front of Dewi Sukardi, S.H., M.Kn., that the directors and commissioners boards as well as the shareholders structures are as seen below: