TRUSTED SINCE 1998

FEBRUARY 15, 2022

COMPANY
COMPANY
PROFILE
PROFILE

PT ADHI MEDIKA
INDONESIA
COMPANY PROFILE PT ADHI MEDIKA INDONESIA FATA 2019

COMPANY IDENTITY

ADIVA - FARHAN - NADYA FATA 2019

COMPANY PROFILE PT ADHI MEDIKA INDONESIA FATA 2019

VISSION
To become the most superior, trusted, and professional distributor of
medical equipment in Indonesia by offering a variety of complete and
quality medical equipment at affordable prices

MISSION
Provide and distribute medical devices which are the best and
quality products and meet the applicable safety standards;
Providing the best service to customers in a professional manner by
paying attention to customer satisfaction so as to create a good
long-term relationship between the company and its customers;
Always innovate and understand market needs

VALUES
Dependability
Integrity
Delivering only the
Conducting business
best products to our
with honesty and
customers and
accountability
principals

Development
Passion
Continuously
Committed to the
discovering new ways
long-term growth
to improve our
and quality
operations in a
consistent manner

ADIVA - FARHAN - NADYA FATA 2019

COMPANY PROFILE PT ADHI MEDIKA INDONESIA FATA 2019

BRIEF HISTORY
PT Adhimed was established on June
21, 2016 as a private limited company
in Jakarta. We are a company engaged
in the distribution of medical
equipment and hospital equipment,
which initially started with the sale of
medical devices for personal use, we continue to grow from year to year
so that our products expand and include medical equipment for clinical
and medical needs. We always try to find manufacturers with the best
quality so that the products we supply to various clinics and hospitals are
high-quality and guaranteed products. Until now, we have consistently
provided solutions for various markets and application needs and offer a
variety of innovative products to our customers from various locations in
Indonesia, we have also established good relationships with various
leading clinics and hospitals in Indonesia.

With the rapid business growth and the recognition we have received as
one of the best medical device distributors in Indonesia in our relatively
new business age, we are confident to try to expand our business reach by
not only supplying medical devices to clinics and hospitals but also to
research laboratories and retail stores of medical devices at affordable
prices.

ADIVA - FARHAN - NADYA FATA 2019

COMPANY PROFILE PT ADHI MEDIKA INDONESIA FATA 2019

STRATEGIC DIRECTION

To support the company's mission, overall PT Adhimed's competitive

strategy is to expand the market segment to distribute quality medical
devices at affordable prices. In general, this strategy tries to reach the
company in a tight industrial competition with the support of the
company's functional organizational structure where employees are
based on the area of ​professional competence of each employee so that
each employee achieves the best level of their performance according to
their respective specializations. This organizational structure also allows
for clear leadership and employees regarding decision-making and
implementation. To ensure that every employee can perform at their best,
the company makes effort to create a work environment that includes a
level of respect, empathy, and thorough understanding among co-
workers.

The company's short-term goal is to maximize intense internal growth

with product quality and customer satisfaction. The company is trying to
achieve this by acquiring a strong customer base in the domestic market.
With a strong consumer base on the island of Java, the company tries to-

ADIVA - FARHAN - NADYA FATA 2019

COMPANY PROFILE PT ADHI MEDIKA INDONESIA FATA 2019

-expand its customer base to markets outside Java such as Sumatra,

Kalimantan, and Bali. The company executed this plan by trying to open a
branch office in the city of Bandar Lampung. This city was chosen
considering the location that can be easily accessed from the island of Java
and it can be easier to reach the island of Sumatra considering the
manufacturers that produce medical devices from around the island of
Java.

After gaining a strong market share in Java and Sumatra, the company
plans to implement its long-term goal of seeking integrative external
growth into the industry's upstream and downstream operations. The
company is trying to achieve this by acquiring its suppliers for the
processing of various medical devices as well as its customers to sell the
products directly to end consumers. The company believes that
integrating various business sectors will increase their influence in the
medical device industry and enable them to sell quality products at
affordable prices. The company also has other long-term plans if the
domestic market segment already has a strong foundation they will
expand beyond the domestic market and into the Southeast Asian market
by affiliated with foreign companies.

ADIVA - FARHAN - NADYA FATA 2019

COMPANY PROFILE PT ADHI MEDIKA INDONESIA FATA 2019

ACCOUNTING TREATMENT

A. Accounting Standard
PT Adhi Medika Indonesia is a private limited liability company, which
means it does not have significant public accountability. Even so,
companies choose to use Pernyataan Standar Akuntasi Keuangan
(PSAK) or SAK Umum as their accounting standards compared to SAK
ETAP. This is done with the consideration that according to the
Peraturan Menteri Perdagangan Nomor 46/M-DAG/PER/9/2009
concerning the issuance of a trading business license, it is known that
PT Adhi is classified as a large trading business whose net assets are
more than Rp10.000.000.000, except land and building used in
business operations.

B. Functional Currency
The functional currency used by PT Adhimed is Rupiah. The choice of
Rupiah as the company's functional currency is in accordance with the
provisions stipulated in PSAK 10 "Effects of Changes in Foreign
Exchange Rates" that what is referred to as the functional currency is
the currency in the main economic environment in which an entity
operates.

ADIVA - FARHAN - NADYA FATA 2019

COMPANY PROFILE PT ADHI MEDIKA INDONESIA FATA 2019

C. Inventories
The inventory recording method used by PT Adhimed is a periodic
method with the cost flow assumption used to measure the cost of
goods sold is the First-in First-out (FIFO) method. Transactions
related to determining the amount of the cost capitalized as inventory
and accounting treatment of the inventory until income is recognized
adopted PSAK 14 “Inventory”.

D. Fixed Assets
Fixed assets owned by PT Adhimed are measured using the historical
cost method. Recognition of assets, determination of the carrying
amount of assets, and measurement of depreciation refer to the
provisions stipulated in PSAK 16 “Fixed Assets” while the accounting
treatment related to the impairment of these assets refers to PSAK
48 “Impairment of Assets”.

ADIVA - FARHAN - NADYA FATA 2019

COMPANY PROFILE PT ADHI MEDIKA INDONESIA FATA 2019

CHART OF ACCOUNTS
101 Cash 401 Sales

102 Accounts Receivable-net 402 Sales Returns & Allowances

103 Interest Receivable 403 Sales Discount

104 Inventories 404 Interest Revenue

105 Other Current Assets 405 Other Revenues

111 Land 501 Purchases

112 Buildings-net 502 Purchase Returns & Allowances

113 Equipment-net 503 Purchase Discounts

120 Notes Receivable-net 511 Cost of Sales

201 Accounts Payable 512 Freight-in

202 Salaries and Wages Payable 513 Freight-out

203 Mortgage Payable 514 Utilities Expense

301 Capital Stock 515 Other Operating Expense

302 Additional Paid-in Capital 516 Sales & Administrative Expense

303 Retained Earnings 517 Depreciation Expense

304 Dividends

ADIVA - FARHAN - NADYA FATA 2019