OUR PROFILE

Our Profile
Our Profile

VISION

To Bring The World’s Best Solutions to Enhance Our Consumer’s Quality of Life.

MISSION

Building Great Brands Which Deliver Best Consumer Solution Through Great People, Great Culture, and Great System.

Incorporation

PT Akasha Wira International Tbk (“the Company”) was established under the name of PT Alfindo Putrasetia in 1985. The Company’s name has been changed several times, with the most recent one in 2010, when its name was changed to PT Akasha Wira International Tbk.

The Company’s Articles of Association have been amended several times. The latest amendment was made by Notarial Deed of Jose Dima Satria, SH, M.Kn,No. 48 dated 25 June 2013 concerning changes in Quorum, Voting Rights, and Decision and changes in Duties and Authorities of the Board of Directors.

Foreign Capital Investment

The Company was incorporated within the framework of Foreign Capital Investment Law No. 1 of 1967, as amended by Law No. 11 of 1970 and No. 25 of 2007, and had obtained an approval from the Chief of Capital Investment Coordinating Board (BKPM) in Decision Letter No. 42/V/PMA/2006 dated 10 March 2006. In 2010, the Company obtained Investment Expansion Principle Licence based on Decision Letter No. 253/I/IP/II/PMA/2010 dated 26 October 2010.

Initial Public Offering

In accordance with Letter of the Chairman of Bapepam No. S-774/PM/1994 dated 2 May 1994 regarding “Notification that the Registration Statement becomes Effective”, the Company has publicly offered, through capital market, 15,000,000 shares with a par value of Rp 1,000 (full amount) per share. The Company listed all its 38,000,000 shares at the Jakarta Stock Exchange on 14 June 1994.

Based on the result of the Extraordinary General Meeting of Shareholders on 6 June 1997, the Company issued 38,000,000 bonus shares from the additional paid-in capital with a share par value of Rp 1,000 (full amount).

Limited Public Offering I

Based on Approval Letter of the Chairman of Bapepam No. S-1213/PM/2004 dated 10 May 2004 regarding “Notification On The Effectiveness of the Registration Statement”, the Company conducted the Limited Public Offering I to the existing shareholders in connection with the right issue with pre-emptive rights of 73,720,000 common shares with a par value of Rp 1,000 (full amount) per share.

Limited Public Offering II

Based on Approval Letter of the Chairman of Bapepam No. S-5874/BL/2007 dated 21 November 2007 regarding “Notification On The Effectiveness of the Registration Statement”, the Company conducted The Limited Public Offering II to the existing shareholders in connection with the right issue with pre-emptive rights of 440,176,800 common shares with a par value of Rp 1,000 (full amount) per share. All the Company’s issued shares are listed on the Indonesia Stock Exchange.

Owership Under Nestle sA and The Coca Cola Company

In 2004 Water Partners Bottling S.A. (WPB), a joint-venture company between Nestlé S.A. and Refreshment Product Services (a wholly owned subsidiary of The Coca-Cola Company), acquired a majority stake in the Company and the name of the Company was changed to PT. AdeS Waters Indonesia, Tbk accordingly. During this Nestlé S.A and Refreshment Product Services ownership period, the Company launched bottle water AdeS product with new packaging and new bottle product Nestle Pure Life.

Owership Under sofos Pte, Ltd

On 3 June 2008, Sofos Pte. Ltd., a corporation incorporated in Singapore acquired The Company through the acquisition of the shares of Nestlé S.A. and Refreshment Product Services (a wholly owned subsidiary of The Coca-Cola Company) in WPB and with the acquisition Sofos Pte. Ltd becomes the controlling shareholders in the Company.

In accordance with Article 3 of the Company’s Articles of Association, the scope of its activities consists of drinking water bottling industry, bread and cake industry, candy, macaroni, cosmetic industry, and wholesaling.

Currently The Company engages in : a) Bottled water industry
b) Cosmetics industry
c) Soy milk beverages industry
d) Distribution of professional cosmetic products under Wella and Clairol trademarks in Indonesia.

Bottled Water Industry

The Company started commercial production of its bottled water in 1986 with Ades and Vica brands. The Company launched Ades in new packaging and new brand Nestle Pure Life in 2004 when WPB a joint-venture company between Nestlé S.A. and Refreshment Product Services (a wholly owned subsidiary of The Coca-Cola Company), acquired majority stake in the Company.

In 2007 The Company launched new gallon product with brand name Vica Royal to replace Ades products which the trademark license has expired after the license agreement between the Company and the Coca Cola Company was not renewed.

Cosmetic Industry

The Company started commercial production of cosmetic business in hair care segment with brand Makarizo in 2010 when The Company conducted acquisition of production machineries and equipments from PT Damai Sejahtera Mulia. The acquisition was approved by the majority of shareholders in the Extraordinary General Meeting of Shareholders held on 21October 2010 and the acquisition was completely done by 11 November 2010. With the acquisition the Company has officially commenced the hair care cosmetics business.

Business of the Company Distribution of Cosmetics Products

In the fourth quarter of 2012, the Company inked a deal with Procter & Gamble to import, distribute, dan sell the products of Procter & Gamble to the premium professional market segment (products distributed through hair salons) under the brands of Wella, Wella Professional, System Professional, dan Clairol Professional.

Soya Based Beverage Business

To add variation of the beverage line products in 2014 The Company started to activate its idle manufacturing plant located at Jl. Siliwangi Desa Benda Kecamatan, Cicurug Sukabumi to produce soya milk beverages with the brand Pureal. The business is the Company’s pilot project to expand into other beverage category.

Remarks Number of shares Share Value %
Authorised Capital 2,359,587,200 2,359,587,200,000
Subscribed and Fully Paid Capital
Waters Partners Bottling SA 539,896,713 539,896,713,000 91.52
Public 50,000,087 50,000,087,000 8.48
Total subscribed
and Fully Paid Capital
589,896,800 589,896,800,000 100

(based on data from PT Raya Saham Registra as at 31 December 2017)

share holders

VISION

To Bring The World’s Best Solutions to Enhance Our Consumer’s Quality of Life.

MISSION

Building Great Brands Which Deliver Best Consumer Solution Through Great People, Great Culture, and Great System.

Incorporation

PT Akasha Wira International Tbk (“the Company”) was established under the name of PT Alfindo Putrasetia in 1985. The Company’s name has been changed several times, with the most recent one in 2010, when its name was changed to PT Akasha Wira International Tbk.

The Company’s Articles of Association have been amended several times. The latest amendment was made by Notarial Deed of Jose Dima Satria, SH, M.Kn,No. 48 dated 25 June 2013 concerning changes in Quorum, Voting Rights, and Decision and changes in Duties and Authorities of the Board of Directors.

Foreign Capital Investment

The Company was incorporated within the framework of Foreign Capital Investment Law No. 1 of 1967, as amended by Law No. 11 of 1970 and No. 25 of 2007, and had obtained an approval from the Chief of Capital Investment Coordinating Board (BKPM) in Decision Letter No. 42/V/PMA/2006 dated 10 March 2006. In 2010, the Company obtained Investment Expansion Principle Licence based on Decision Letter No. 253/I/IP/II/PMA/2010 dated 26 October 2010.

Initial Public Offering

In accordance with Letter of the Chairman of Bapepam No. S-774/PM/1994 dated 2 May 1994 regarding “Notification that the Registration Statement becomes Effective”, the Company has publicly offered, through capital market, 15,000,000 shares with a par value of Rp 1,000 (full amount) per share. The Company listed all its 38,000,000 shares at the Jakarta Stock Exchange on 14 June 1994.

Based on the result of the Extraordinary General Meeting of Shareholders on 6 June 1997, the Company issued 38,000,000 bonus shares from the additional paid-in capital with a share par value of Rp 1,000 (full amount).

Limited Public Offering I

Based on Approval Letter of the Chairman of Bapepam No. S-1213/PM/2004 dated 10 May 2004 regarding “Notification On The Effectiveness of the Registration Statement”, the Company conducted the Limited Public Offering I to the existing shareholders in connection with the right issue with pre-emptive rights of 73,720,000 common shares with a par value of Rp 1,000 (full amount) per share.

Limited Public Offering II

Based on Approval Letter of the Chairman of Bapepam No. S-5874/BL/2007 dated 21 November 2007 regarding “Notification On The Effectiveness of the Registration Statement”, the Company conducted The Limited Public Offering II to the existing shareholders in connection with the right issue with pre-emptive rights of 440,176,800 common shares with a par value of Rp 1,000 (full amount) per share. All the Company’s issued shares are listed on the Indonesia Stock Exchange.

Ownership Under Nestle sA and The Coca Cola Company

In 2004 Water Partners Bottling S.A. (WPB), a joint-venture company between Nestlé S.A. and Refreshment Product Services (a wholly owned subsidiary of The Coca-Cola Company), acquired a majority stake in the Company and the name of the Company was changed to PT. AdeS Waters Indonesia, Tbk accordingly. During this Nestlé S.A and Refreshment Product Services ownership period, the Company launched bottle water AdeS product with new packaging and new bottle product Nestle Pure Life.

Ownership Under sofos Pte, Ltd

On 3 June 2008, Sofos Pte. Ltd., a corporation incorporated in Singapore acquired The Company through the acquisition of the shares of Nestlé S.A. and Refreshment Product Services (a wholly owned subsidiary of The Coca-Cola Company) in WPB and with the acquisition Sofos Pte. Ltd becomes the controlling shareholders in the Company.

In accordance with Article 3 of the Company’s Articles of Association, the scope of its activities consists of drinking water bottling industry, bread and cake industry, candy, macaroni, cosmetic industry, and wholesaling.

Currently The Company engages in : a) Bottled water industry
b) Cosmetics industry
c) Soy milk beverages industry
d) Distribution of professional cosmetic products under Wella and Clairol trademarks in Indonesia.

Bottled Water Industry

The Company started commercial production of its bottled water in 1986 with Ades and Vica brands. The Company launched Ades in new packaging and new brand Nestle Pure Life in 2004 when WPB a joint-venture company between Nestlé S.A. and Refreshment Product Services (a wholly owned subsidiary of The Coca-Cola Company), acquired majority stake in the Company.

In 2007 The Company launched new gallon product with brand name Vica Royal to replace Ades products which the trademark license has expired after the license agreement between the Company and the Coca Cola Company was not renewed.

Cosmetic Industry

The Company started commercial production of cosmetic business in hair care segment with brand Makarizo in 2010 when The Company conducted acquisition of production machineries and equipments from PT Damai Sejahtera Mulia. The acquisition was approved by the majority of shareholders in the Extraordinary General Meeting of Shareholders held on 21 October 2010 and the acquisition was completely done by 11 November 2010. With the acquisition the Company has officially commenced the hair care cosmetics business.

Business of the Company Distribution of Cosmetics Products

In the fourth quarter of 2012, the Company inked a deal with Procter & Gamble to import, distribute, dan sell the products of Procter & Gamble to the premium professional market segment (products distributed through hair salons) under the brands of Wella, Wella Professional, System Professional, dan Clairol Professional.

Soya Based Beverage Business

To add variation of the beverage line products in 2014 The Company started to activate its idle manufacturing plant located at Jl. Siliwangi Desa Benda Kecamatan, Cicurug Sukabumi to produce soya milk beverages with the brand Pureal. The business is the Company’s pilot project to expand into other beverage category.

Remarks Number of shares Share Value %
Authorised Capital 2,359,587,200 2,359,587,200,000
Subscribed and Fully Paid Capital
Waters Partners Bottling SA 539,896,713 539,896,713,000 91.52
Public 50,000,087 50,000,087,000 8.48
Total subscribed
and Fully Paid Capital
589,896,800 589,896,800,000 100

(based on data from PT Raya Saham Registra as at 31 December 2022)

Shareholders Composition

ACHIEVEMENTS

Nestle Pure Life