PT Petrocentral

Petrocentral is a Subsidiary which operates in Gresik, East Java. Petrocentral is the sole producer of Sodium Tripolyphosphate (STPP) in Indonesia with the installed production capacity 50,000 MT per year. STPP is one of the main raw materials of detergent, which functioned as water softener, thereby increasing the cleaning power of detergent.

For its consistency in maintaining its product quality, Petrocentral has succeeded in achieving ISO 9001:2000 for Quality Management System issued by Standard Assurance and Innovation (SAI) Global Limited and the International Certication Network (IQNet) since 2004.

In 2008, total production volume of STPP was 28,415 MT or 56.83% from total installed production capacity, decreased by 25.59% to the production volume in 2007 which was 38,185 MT or 76.37% from total installed production capacity. This reduction was caused by Petrocentral conned its production conform to the customers needs.

Petrocentral sales volume experienced a decrease by 24.82%, from 36,365 MT in 2007 to 27,338 MT in 2008, whilst Petrocentral sales value in 2008 increased by 28.26%, became USD32.67 million from previously figure USD25.47 million in 2007. The increase in sales was attributed by increasing in STPP selling price, meanwhile the reduction of sales volume due to the competition from China product in domestic market.

In 2008 Petrocentral obtained a working capital facility amounted to USD5 million from PT Bank Rabobank International Indonesia. This facility was utilized for raw materials purchasing.

At the end of 2008, Petrocentral also reduce its inventories value, to conform with Statements of Financial Accounting Standards, in which inventories are stated at the lower of cost or net realizable value. In 2008, the allowance for decline in inventories value reduction for Petrocentral.

Subsidiaries Information

Establishment
Petrocentral was established pursuant to Capital Invesment Law No. 29/I/PMA/1983, which renewed with the license from Capital Invesment Coordination Board (BKPM) No. 17/V/1986 and based on notarial deed No. 4 of Soeleman Ardjasasmita, SH, dated March 3, 1986 which was amended by Notarial Deed No. 31, dated November 20, 1986 with the same notary.

Location
The office and factory are located at
Jl. Raya Roomo, Gresik, East Java.

Shareholders
PT Unggul Indah Cahaya Tbk.  61,7%
PT Fosfindo                                 12,7%
PT Petrokimia Gresik (persero)  9,8%
PT Salim Chemicals Corpora   6,4%
PT Supra Veritas                          6,4%
PT Kodel                                        3,0%

Board of Commissioners
President Comm. : Soegeng Sarjadi
Commissioner      : Eddy William Katuari
Commissioner      : Hanny Sutanto
Commissioner      : Jimmy Masrin
Commissioner      : Andreas Maliwa
Commissioner      : AA. Gede Agung
Commissioner      : Muktar Widjaja

UIC VIETNAM Co., Ltd.

UICV is a Company's Subsidiary which operated in Vietnam and engaged in production and distribution of Linear Aklylbenzene Sulphonic Acid (LABSA) dan Sodium Lauryl Ether Sulphate (SLES). LABSA is an active component in all powder and liquid detergent. Besides that, LABSA is also a main component of shampoo and liquid soap, and useful as a diluting agent in pharmacy industry.

UICV has installed production capacity of 30,000 MT per year. LABSA production volume in 2008 was 13,291 MT, decreased by 5.35% compared to production volume in 2007 which stood at 14,042 MT, meanwhile SLES production volume in 2008 experienced an increasing of 15.52% from 3,833 MT in 2007 to 4,428 MT in 2008.

Sales volume of UICV in 2008 was 17,412 MT consisted of 112,885 MT LABSA and 4,526 MT SLES which recorded total revenue of USD26.52 million. Whilst the sales volume for the year 2007 was 18,182 MT consisted of 14,270 MT LABSA and 3,912 MT SLES, which amounted to USD19.16 million in revenue.

In 2008, UICV recorded a net loss amounted USD1.12 million, whilst in 2007 it recorded a net profit of USD320 thousand. The reduction of net profit was especially because of providing allowance fordecline in inventories value, align with Vietnamese Accounting Standards, in which inventories are stated at the lower of cost or net realizable value.

UICV's commitment in customer satisfaction, by providing high quality products is reflected in the renewal of the ISO certification 9001:2000 until now.

Subsidiaries Information

Establishment
UIC Vietnam was established based on Investment License No. 577/GP dated April 6,1993 issued by State Committee for Cooperation and Investment (SCCI) currently called Ministry of Planning and Investment (MPI) in Socialist Republic of Vietnam.

Location
Head oce is located at 156 Dien Bien Phu Street, District 3, Ho Chi Minh City, Vietnam, and the plant is located at Go Dau Industrial Zone, Phuoc Thai Village, Long Thanh District, Dong Nai Province, Vietnam.

Shareholder
PT Unggul Indah Cahaya Tbk. 100%

Board of Directors
President Director : Yani Alifen
Vice President Director : Andreas Maliwa
General Director : Tan Kee Chek
Financial Advisor : Jimmy Masrin

UNGGUL INDAH INVESTAMA (UII)

UII was established in 1996, related to the planned participation of UII in PT Wiranusa Grahatama (WG), a joint venture company for an oce and apartment building development.

The Company owned 99.99% of its shares. Since 2005, UII became the major shareholder in WG with 55% share ownership.

Subsidiaries Information

Establishment
UII was established pursuant to Law No.1 year 1995 regarding Limited Liability Companies and based on notarial deed No. 19 of Popie Savitri Martosuhardjo Pharmanto, SH dated July 22, 1996, which was amended by the same notary on August 30, 1996.

Location
UII oce is located at Wisma UIC 2nd oor, Jl. Jend. Gatot Subroto Kav. 6-7, Jakarta 12930

Shareholders
PT Unggul Indah Cahaya Tbk.  99,99%
PT Aspirasi Luhur        0,01% (1 share)

Board of Commissioners
President Commissioner : E. Pudjiastuti
Vice President Comm. : Hanny Sutanto
Commissioners : Indrawan Masrin
Commissioners : Eddy William Katuari
Commissioners : Kho Cing Siong

PT Universal Interchemicals Corp.,Ltd. (UICPL)

UICPL is Company's Subsidiary which located in Singapore with registered Company Number 199100093N. UICPL is the trading agent for chemical material for UIC and its subsidiaries, also acts as UIC's distributor for export market.

UICPL is the majority shareholder of Albright & Wilson (Australia) Limited.

UICPL gross profit margin for 2008 and 2007 is stable at 1%, while, net income of 2008 and 2007 were recorded at USD694 thousand and USD238 thousand, respectively.

Subsidiaries Information

Establishment
Established in 1991 under the name of Salim Oleochemicals Pte., Ltd. The companys name was changed to Universal Interchemicals Corp., Pte., Ltd. in 1998.

Location
Head oce is located at 75 Bukit Timah Road # 05-01/02,
Boon Siew Building, Singapore 229833.

Shareholder
PT Unggul Indah Cahaya Tbk.   100%

Albright & Wilson (Australia) Limited (AWAL)

AWAL is Company's subsidiary which is the producer of technical and food grade phosphate and polyphosphate, surfactant product line, raw material for detergent and indirect raw material for concrete and plasterboard additives. These products are applied in such industries as personal care, paper, shampoo, mining and mineral processing, medicines, fertilizer, building and water treatment.

AWAL separated its production into two different factories. The factory in Yarraville, Victoria, Australia, is utilized to produce phosphate products. The factory in Wetherill Park, New South Wales is utilized to produce surfactant product. Both factories have achieved ISO 9001 certification. Sales, marketing and warehouse facilities are located in Brisbane, Melbourne, Perth and Sydney.

AWAL owns 100% shares in Albright & Wilson New Zealand (AWNZ), a trading company which provides marketing and storage facilities for AWAL products in New Zealand. In 2006, AWAL invested in a China company producing Phosphoric Acid (raw material for STPP), through a 75% shares ownership of United Austindo Chemical Pte., Ltd.

In 2008, AWAL sales recorded USD80.24 million, increase by 38.45% compared to sales in 2007 which recorded USD72,45 million. Gross Profit Margin was increased from 12.69% in 2007 becomes 21.95% in 2008. AWAL net profit increased to USD1,41 million in 2008, whilst in 2007 AWAL experienced loss of USD594 thousand.

Subsidiaries Information

Establishment
Established in 1939 pursuant to Victorian Company Law and currently registered as public company pursuant to Australian Company Law, under Australian Company Number (ACN) 004 234 137.

Location
Head oce is located at 295 Whitehall St. Yarraville 3013,
Victoria, Australia. It has Phosphate and Surfactant manufacturing plants located in Melbourne and Sydney respectively.

Shareholders
Universal Interchemicals
Corp. Pte., Ltd.             99,99%
Hartono Gunawan (1 share)       0,05%
Yani Alifen (1 share)                    0,05%

Board of Director
Director: Yani Alifen
Director: Jimmy Masrin
Director: E. Pudjiastuti
Director: Felix Wong
Director: Eddy William Katuari
Director: John albert Leith

Total Employees
108 employees

Line of Business
Trading and Investment

Product
Linear Alkylbenzene Sulfonic Acid (LABSA)
Sodium Tripolyphosphate (STPP)
Phosphoric Acid
Food Phosphates and Blends
Sodium Hexametaphosphate
Sodium Lauryl Ether Sulphate (SLES)
Napthalene Sulfonate Formaldehide (NSF)

Wiranusa Grahatama (WG)

WG was establihed in 1996, its a Company's Subsidiary which develop office and apartment building complex on its land 3.2 hectare located at the main business district of Jakarta. Pearl Garden Apartment Complex which was built since the end of 2004 has 235 units of low-rise apartment.

Before completion of the construction, the revenue from the sales of apartment unit under strata title is realized based on the percentage of completion method when all criteria required in accounting principles have been met. If one or more criteria are not met, then the payment from the buyer is treated as advance payment.

In 2008, WG's revenue was IDR59.96 billion, with the gross profit amounted to IDR4.84 billion, experienced a decrease compared to 2007 revenue which recorded IDR109.9 billion with gross prot amounted IDR26.77 billion. WG recorded a net loss amounted IDR17.45 billion in 2008, while in 2007 it recorded a net prot of IDR1.17 billion.

Subsidiaries Information

Establishment
WG was established based on the notarial deed No.149 of Benny Kristianto, SH dated August 12,1988 which mention in State Gazette dated January 5, 1990 No. 2 with all the changes. The last changes were on the Notarial Deed No. 52 of Popie Savitri Martosuhardjo Pharmanto, SH dated August 27, 2005.

Location
Head oce is located at Wisma UIC 2nd floor, Jl. Jend. Gatot Subroto Kav. 6-7, South Jakarta 12930

Shareholders
PT Unggul Indah Investama        55%
PT Salim Chemicals Corpora     27%
PT Ekaprana Graha Andika         18%

Board of Commissioner
President Commissioner : Kho Cing Siong
Commissioner  : Eddy William Katuari
Commissioner : Jimmy Masrin
Commissioner : Juventius Sukarman
Commissioner : Hanny Sutanto

United Austindo Chemicals Pte., Ltd. (UACPL)

UACPL is a subsidiary of which engages in investing activity, established on February 7, 2006 in Singapore with a registered business number 200601616 C. 75% of its shares are owned by AWAL and 25% owned by Petrocentral. UACPL owns 40% of Fang Cheng Tian-Mu Chemical Co., Ltd., China, a company which produces Phosporic Acid

Subsidiaries Information

Establishment
United Austindo Chemicals Pte., Ltd. was established on February 7, 2006 and registered under business number 200601616C.

Location
Oce is located at 75 Bukit Timah Road #05-01/02, Boon Siew Building, Singapore 229833

Shareholders
Albright & Wilson (Australia) Limited  75%
PT Petrocentral     25%