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    PT Indorama Synthetics TBK.: Summary of Financial Statement

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    IshidaUryuu
    PT Indorama Synthetics Tbk is an Indonesian company that produces polyester yarn, resin, staple fiber, and fabric. It has a factory in Purwakarta, West Java and offices in Jakarta. The company has experienced growth in recent years, with net income increasing from IDR 81 billion in 2009 to IDR 106 billion in 2010. It is the largest polyester producer in Indonesia and one of the country's largest exporters, selling products to markets in North America, Europe, South America, Asia, Australia and the Middle East.

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    PT Indorama Synthetics TBK.: Summary of Financial Statement

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    115 views2 pages
    PT Indorama Synthetics Tbk is an Indonesian company that produces polyester yarn, resin, staple fiber, and fabric. It has a factory in Purwakarta, West Java and offices in Jakarta. The company has experienced growth in recent years, with net income increasing from IDR 81 billion in 2009 to IDR 106 billion in 2010. It is the largest polyester producer in Indonesia and one of the country's largest exporters, selling products to markets in North America, Europe, South America, Asia, Australia and the Middle East.

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    PT Indorama Synthetics Tbk is an Indonesian company that produces polyester yarn, resin, staple fiber, and fabric. It has a factory in Purwakarta, West Java and offices in Jakarta. The company has experienced growth in recent years, with net income increasing from IDR 81 billion in 2009 to IDR 106 billion in 2010. It is the largest polyester producer in Indonesia and one of the country's largest exporters, selling products to markets in North America, Europe, South America, Asia, Australia and the Middle East.

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    Download as pdf or txt
    115 views2 pages

    PT Indorama Synthetics TBK.: Summary of Financial Statement

    Uploaded by

    IshidaUryuu
    PT Indorama Synthetics Tbk is an Indonesian company that produces polyester yarn, resin, staple fiber, and fabric. It has a factory in Purwakarta, West Java and offices in Jakarta. The company has experienced growth in recent years, with net income increasing from IDR 81 billion in 2009 to IDR 106 billion in 2010. It is the largest polyester producer in Indonesia and one of the country's largest exporters, selling products to markets in North America, Europe, South America, Asia, Australia and the Middle East.

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    PT Indorama Synthetics Tbk.

    Head Office

    Factory

    Business

    Company Status

    Graha Irama 17th Floor


    Jl. H.R Rasuna Said Blok X-1 Kav. 1-2
    Kuningan, Jakarta 12950
    Phone (021) 526-1555 (Hunting)
    Fax (021) 526-1501, 526-1502, 526-1508
    Website: www.indorama.com
    Email: co@indorama.com
    Telex 60989 INRAMA IA
    Kembang Kuning, Ubrug, Jatiluhur
    Po. Box 7, Purwakarta 41101 Jawa Barat
    Phone (0264) 21235, 200-235
    Fax (0264) 210-068
    Email: pwr@indorama.com
    Polyester Filament Yarn,
    Spun Blended Yarn, PET Resin,
    Polyester Staple Fiber and
    Polyester Filament Fabric
    PMDN

    Financial Performance: Net income the company has


    earned in 2010 amounted IDR 106.796 billion, increased from
    net income from IDR 81.119 billion in 2009.
    Brief History: PT Indorama Synthetics Tbk, commenced
    commercial operations in 1976. It is the largest polyester producer in Indonesia and one of Indonesias largest exporters
    with a total polyester manufacturing capacity of about 280,000
    tons per annum.
    The company is listed on the Indonesia Stock Exchanges.
    In 2009, the companys sales was US$ 490 million and assets of
    US$ 545 million.
    The company positions its products directly into its markets and has created a unique identity for itself. The company
    sells to the premium markets of North America and Europe
    and the fast growing markets of South America, Asia, Australia
    and the Middle East.
    A continuous process of reinvestment and productivityenhancing programs have made PT Indorama one of the leading producers of polyester and its applications worldwide. This
    strength combined with the benefits of a low-cost base, results
    in a twofold advantage: premium quality at a low cost.
    Our business is all about delivering superior quality, consistency and reliability with the right service every time. PT Indorama is involved in four businesses.

    Apparel and Other Textile Products


    Summary of Financial Statement
    (Million Rupiah)
    2008
    2009
    2010
    Total Assets
    Current Assets
    of which
    Cash and cash equivalents
    Time deposits
    Trade receivables
    Inventories
    Non-Current Assets
    of which
    Fixed Assets-Net
    Investments

    6,675,957
    2,382,401

    5,123,263
    2,029,655

    5,085,915
    2,214,185

    136,998
    761,025
    437,417
    827,255
    4,293,556

    65,456
    660,350
    414,205
    678,815
    3,093,608

    98,096
    624,875
    654,302
    766,649
    2,871,730

    3,852,148
    7,470

    3,068,343
    6,390

    2,837,436
    6,086

    Liabilities
    Current Liabilities
    of which
    Trade payables
    Taxes payable
    Accrued expenses
    Non-Current Liabilities
    Minority Interests in Subsidiaries

    4,005,523
    2,262,491

    2,723,915
    1,815,202

    2,491,352
    2,034,889

    1,502,068
    1,015
    56,901
    1,743,032
    n.a

    1,469,518
    2,092
    40,951
    908,713
    n.a

    1,646,096
    30,920
    39,832
    456,463
    29,038

    Shareholders' Equity
    Paid-up capital
    Paid-up capital
    in excess of par value
    Retained earnings

    2,670,434
    1,754,382

    2,399,348
    1,506,045

    2,565,525
    1,440,516

    10,038
    906,014

    8,617
    884,686

    8,242
    1,116,767

    Net Sales
    Cost of Goods Sold
    Gross Profit
    Operating Expenses
    Operating Profit
    Other Income (Expenses)
    Profit before Taxes
    Profit after Taxes

    6,064,262
    5,580,946
    483,316
    393,934
    89,382
    (88,689)
    692
    81,119

    4,605,512
    4,311,825
    293,687
    255,074
    38,613
    (20,557)
    18,056
    106,796

    5,546,887
    4,979,728
    567,159
    324,614
    242,545
    35,940
    278,485
    233,092

    Per Share Data (Rp)


    Earnings per Share
    Equity per Share
    Dividend per Share
    Closing Price

    124

    163

    356

    4,079
    n.a
    500

    3,664
    n.a
    470

    3,918
    n.a
    1,700

    Financial Ratios
    PER (x)
    PBV (x)
    Dividend Payout (%)
    Dividend Yield (%)

    4.03
    0.12
    n.a
    n.a

    2.88
    0.13
    n.a
    n.a

    4.78
    0.43
    n.a
    n.a

    Current Ratio (x)


    Debt to Equity (x)
    Leverage Ratio (x)
    Gross Profit Margin (x)
    Operating Profit Margin (x)
    Net Profit Margin (x)
    Inventory Turnover (x)
    Total Assets Turnover (x)
    ROI (%)
    ROE (%)

    1.05
    1.50
    0.60
    0.08
    0.01
    0.04
    6.75
    0.91
    2.06
    5.06

    1.12
    1.14
    0.53
    0.06
    0.01
    0.04
    6.35
    0.90
    2.06
    5.06

    1.09
    0.97
    0.49
    0.10
    0.04
    0.04
    6.50
    1.09
    2.06
    5.06

    PER =8.14x ; PBV = 0.92x (June 2011)


    Financial Year: December 31
    Public Accountant: Osman Bing Satrio & Co.

    (million rupiah)

    Shareholders
    PT Irama Investama
    HSBC Fund Services Clients
    HSBC Private Bank (Suisse)
    Indorama Holding (I) Pte., Ltd.
    Public
    Foreign
    Local

    194

    49.00%
    8.18%
    5.05%
    2.00%
    27.79%
    7.98%

    Total Assets
    Liabilities
    Shareholders' Equity
    Net Sales
    Profit after Taxes
    ROI (%)
    ROE (%)

    2011

    2010

    5,772,764
    3,141,475
    2,591,391
    3,484,906
    176,961

    4,969,000
    2,615,000
    2,353,000
    2,688,813
    34,886

    3.07
    6.83

    0.70
    1.48

    In June

    Indonesian Capital Market Directory 2011

    PT Indorama Synthetics Tbk.

    Apparel and Other Textile Products

    Board of Commissioners
    President Commissioner Sri Prakash Lohia
    Vice President Commissioners Seema Lohia, Humphrey R. Djemat
    Commissioners Iman Sucipto Umar, Aarti Lohia
    No

    Type of Listing

    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19
    20
    21

    First Issue
    Partial Listing
    Partial Listing
    Bonus Shares
    Partial Listing
    Escrow Shares
    Escrow Shares
    Option Conversion
    Bonus Shares
    Right Issue
    Company Listing
    Escrow Shares
    Option Conversion
    Partial Listing
    Convertible Bond
    Founders Shares
    Convertible Bond
    Founders Shares
    Stock Split
    Bonus Shares
    Company Listing

    Board of Directors
    President Director Amit Lohia
    Directors V.S. Baldwa, Arun Taneja
    Number of Employees 6,353

    Listing Date

    Trading Date

    Number of Shares
    per Listing

    03-Aug-90
    03-Aug-90
    1991
    23-Mar-92
    11-Nov-92
    1993
    1994
    1994
    20-Feb-95
    08-Jun-95
    29-Jun-95
    1995
    1995
    16-Oct-95
    1995
    1995
    1996
    1996
    09-Dec-96
    19-Dec-96
    03-Nov-97

    03-Aug-90
    03-Feb-91
    1991
    30-Mar-92
    11-Nov-92
    1993
    1994
    1994
    20-Feb-95
    08-Jun-95
    29-Jun-95
    1995
    1995
    16-Oct-95
    1995
    1995
    1996
    1996
    09-Dec-96
    19-Dec-96
    03-Nov-97

    7,000,000
    3,000,000
    2,850,000
    24,200,000
    3,736,000
    15,028,860
    2,296,169
    2,206,120
    30,158,571
    24,911,513
    20,946,682
    189,573
    2,003,641
    3,568,340
    6,006,038
    4,284,805
    1,900,236
    1,977,815
    156,264,363
    250,022,981
    91,800,000

    Total Listed
    Shares
    7,000,000
    10,000,000
    12,850,000
    37,050,000
    40,786,000
    55,814,860
    58,111,029
    60,317,149
    90,475,720
    115,387,233
    136,333,915
    136,523,488
    138,527,129
    142,095,469
    148,101,507
    152,386,312
    154,286,548
    156,264,363
    312,528,726
    562,551,707
    654,351,707

    Underwriters PT PDFCI, PT Wardley James Capel Indonesia, PT INDOVEST, PT ASEAM

    Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization

    Stock Price and Traded Chart


    Stock Price (Rp)

    Million Shares

    4,500

    4,000

    3,500
    5
    3,000
    2,500

    2,000

    1,500
    2
    1,000
    1

    500
    -

    Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11

    Institute for Economic and Financial Research

    195

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