ADMG Polychem Indonesia Tbk.

[S]
COMPANY REPORT : FEBRUARY 2013
Development Board
Industry Sector : Miscellaneous Industry (4)
Industry Sub Sector : Textile, Garment (43)

As of 28 February 2013
:
31.687
Individual Index
3,889,179,559
:
Listed Shares
1,380,658,743,445
Market Capitalization :
214 | 1.38T | 0.03% | 97.41%

150 | 0.80T | 0.07% | 95.69%

COMPANY HISTORY
Established Date : 25-Apr-1986
Listing Date
: 20-Oct-1993
Under Writer IPO :
PT Credit Lyonnais Capital Indonesia
Securities Administration Bureau :
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : 570-9009
Fax
: 570-9026
BOARD OF COMMISSIONERS
1. Bacelius Ruru
2. Bambang Husodo *)
3. Bustomi Usman
4. Havid Abdulgani *)
5. Martua Radja Panggabean
*) Independent Commissioners
BOARD OF DIRECTORS
1. Gautama Hartarto
2. Gunawan Halim
3. Hendra Soerijadi
4. Johan Setiawan
5. Jusup Agus Sayono
6. Tarunkumar Nagendranath Pal
AUDIT COMMITTEE
1. Bambang Husodo
2. Laura Rahardja
3. Sukanto Hartono
CORPORATE SECRETARY
Johan Setiawan
HEAD OFFICE
Wisma 46 Kota BNI, Lt. 20
Jln. Jend. Sudirman Kav. 1, Kelurahan Karet Tengsin,
Kecamatan Tanah Abang, Jakarta - 10220
Phone : (021) 574-4848, 551-2896
Fax
: (021) 579-45834
Homepage
Email

: www.gtpi.co.id
: corporate@polychemindo.com
b.handoyo@polychemindo.com

SHAREHOLDERS (February 2013)

1. Provestment Limited
2. PT Gajah Tunggal Tbk.
3. HSBC Trustee (Singapore) Limited
4. Public (<5%)
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year Shares Dividend Cum Date
1993
120.00
21-Jul-94
1994
1:1
75.00
18-Jul-95
1995
60.00 13-Aug-96
1996
25.00
10-Jul-97

1,255,996,417
994,150,000
669,418,000
969,615,142

Ex Date
22-Jul-94
19-Jul-95
14-Aug-96
11-Jul-97

Recording
Date
29-Jul-94
27-Jul-95
22-Aug-96
22-Jul-97

:
:
:
:

32.29%
25.56%
17.21%
24.93%

Payment
Date
29-Aug-94
25-Aug-95
20-Sep-96
20-Aug-97

F/I
F
F
F
F

ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.

Type of Listing
First Issue
Company Listing
Right Issue
Bonus Shares
Right Issue
Stock Split

Shares
20,000,000
60,000,000
80,000,000
160,000,000
800,000,000
1,120,000,000
Additional Listing without Right Issue 1,649,179,559

Listing
Date
20-Oct-93
20-Oct-93
25-Nov-94
28-Aug-95
21-Oct-96
10-Nov-97
12-Jan-05

Trading
Date
20-Oct-93
20-Oct-93
25-Nov-94
28-Aug-95
21-Oct-96
10-Nov-97
12-Jan-05

ADMG Polychem Indonesia Tbk. [S]

Closing
Price*

Closing Price
Volume
(Mill. Sh)

1,200

720

1,050

630

900

540

750

450

600

360

450

270

300

180

150

90

Jan-09

Jan-10

Jan-11

Jan-12

Jan-13

Closing Price*, Jakarta Composite Index (IHSG) and

Miscellaneous Industry Index
January 2009 - February 2013

Month

Volume
Value
Freq.
(X) (Thou. Sh.) (Million Rp)

Day

TRADING ACTIVITIES

Closing Price* and Trading Volume

Polychem Indonesia Tbk. [S]
January 2009 - February 2013

Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09

High
77
75
82
87
103
150
115
165
144
174
130
159

Low
62
61
60
60
70
84
93
106
110
110
115
123

Close
63
62
73
72
89
100
107
114
128
115
122
134

271
482
5,497
2,581
5,656
6,974
1,227
16,024
3,691
29,695
913
32,971

4,088
13,582
223,772
119,778
226,498
324,672
42,834
571,120
148,359
868,539
20,282
904,542

274
929
17,143
9,316
19,837
42,427
4,442
78,997
19,486
134,823
2,480
131,090

17
16
18
20
20
22
21
20
18
22
20
19

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

148
142
179
188
181
148
168
176
235
225
240
290

130
110
128
148
113
120
131
151
157
186
200
210

133
134
156
180
130
138
155
164
210
205
215
215

14,339
2,576
12,051
6,546
1,557
1,098
1,873
1,752
3,404
7,622
37,076
38,372

388,744
57,690
612,341
290,107
49,398
31,522
52,207
42,510
106,981
162,548
543,314
749,522

55,415
7,680
98,662
47,960
7,769
4,412
8,087
6,980
22,567
33,769
120,507
196,123

20
19
22
21
19
22
21
21
17
21
21
20

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

230
210
200
215
670
630
1,080
880
810
710
650
640

195
191
185
193
205
450
580
610
460
480
550
560

196
191
195
205
550
580
850
700
570
630
600
580

7,951
6,004
1,003
5,389
18,528
11,828
36,678
26,422
16,712
19,088
8,564
6,440

87,227
54,108
15,326
61,367
589,695
337,711
1,485,836
906,568
584,141
714,069
207,948
152,464

18,856
11,068
2,912
12,681
295,619
189,470
1,242,005
682,956
397,772
446,983
124,416
91,933

21
18
23
20
19
20
21
19
20
21
22
21

Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12

640
600
580
590
530
430
410
395
360
385
375
450

560
500
495
520
400
355
355
305
300
335
340
345

570
520
550
520
420
370
370
315
360
365
345
365

9,024
5,061
6,720
5,099
4,079
2,747
7,005
3,358
8,752
14,196
23,349
55,386

217,723
85,178
146,153
116,165
57,043
40,390
83,440
39,661
98,557
175,846
126,043
596,468

132,536
47,632
77,899
64,565
27,144
16,101
32,412
14,388
31,975
64,457
45,482
243,683

21
21
21
20
21
21
22
19
20
22
20
18

Jan-13
Feb-13

375
415

350
355

355
355

36,420
64,305

177,547
676,474

66,215
259,446

21
20

1,400%
1,200%
1,000%
800%
600%
481.1%
393.1%

400%

233.7%

200%
-200%

Jan 09

Jan 10

Jan 11

Jan 12

Jan 13

SHARES TRADED

2009

2010

2011

2012 Feb-13

Volume (Million Sh.)

Value (Billion Rp)
Frequency (Thou. X)
Days

3,468
461
106
233

3,087
610
128
244

5,196
3,517
165
245

1,783
798
145
246

854
326
101
41

174
60
134
134

290
110
215
215

1,080
185
580
580

640
300
365
365

415
350
355
355

9.68
22.25
PER (X)
4.47
16.08
PER Industry (X)
0.48
0.67
PBV (X)
* Adjusted price after corporate action

7.67
12.24
0.88

19.96
18.33
0.54

19.42
18.04
0.53

Price (Rupiah)
High
Low
Close
Close*

ADMG Polychem Indonesia Tbk. [S]

Financial Data and Ratios
Public Accountant : Osman Bing Satrio & Rekan (Member of Deloitte Touche Tohmatsu Limited)
BALANCE SHEET
(Million Rp except Par Value)

Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

Cash & Cash Equivalents

162,076

118,541

144,178

309,330

285,734

Receivable

422,858

458,121

462,840

490,648

662,539

Inventories

535,381

542,528

649,984

892,803

852,034

Current Assets

1,414,430

1,418,653

1,549,778

2,077,786

2,498,284

Fixed Assets

2,217,190

2,094,962

1,982,058

2,934,478

2,891,275

Other Assets

3,382

2,210

2,192

2,161

2,290

Total Assets

3,855,930

3,719,872

3,766,135

5,247,204

5,476,425

-3.53%

1.24%

39.33%

4.37%

1,435,701

1,299,925

1,362,587

1,554,531

1,727,090

Long Term Liabilities

1,408,374

1,329,613

1,154,200

1,120,460

1,123,789

Total Liabilities

2,844,075

2,629,538

2,516,788

2,674,991

2,850,880

-7.54%

-4.29%

6.29%

6.58%

693

655

48

Authorized Capital

4,250,000

4,250,000

4,250,000

4,250,000

4,250,000

Paid up Capital

1,944,590

1,944,590

1,944,590

1,944,590

1,944,590

3,889

3,889

3,889

3,889

3,889

500

500

500

500

500

-1,519,556 -1,465,745 -1,296,361

289,478

311,114

Book End : December

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

Assets

Liabilities

6,250
5,000

Growth (%)

3,750
2,500
1,250
-

Current Liabilities

Growth (%)
Minority Interest

Paid up Capital (Shares)

2008

2009

Retained Earnings

1,089,679

1,249,299

2,572,213

2,625,545

7.77%

14.65%

105.89%

2.07%

Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

4,002,532

3,142,960

3,627,172

4,861,469

3,392,094

-21.48%

15.41%

34.03%

3,822,529

3,086,608

3,436,409

4,241,661

Gross Profit

180,003

56,352

190,763

619,808

179,679

Operating Expenses

123,942

81,167

98,276

202,057

-138,666

56,062

-24,814

92,488

417,751

41,014

N/A

N/A

351.68%

Total Equity

1,011,162

Growth (%)
INCOME STATEMENTS
Total Revenues

Growth (%)
Expenses

2011

Sep-12

TOTAL EQUITY (Billion Rupiah)

2,572

2,626

2011

Sep-12

2,626

2,090

1,554

Par Value

2010

1,011

1,090

2008

2009

1,249

1,019

483

-53

2010

TOTAL REVENUES (Billion Rupiah)

3,212,415

4,861
4,861

Operating Profit

Growth (%)

4,003
3,627

3,870

3,392

3,143
2,878

Other Income (Expenses)

-385,253

99,663

-28,542

Income before Tax

-329,191

74,849

63,946

417,751

41,014

-65,668

21,076

26,967

133,690

23,113

136

38

607

-263,387

53,811

37,586

294,286

53,333

N/A

-30.15%

682.97%

Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

98.52

109.13

113.74

133.66

144.65

EPS (Rp)

-67.72

13.84

9.66

75.67

13.71

BV (Rp)

259.99

280.18

321.22

661.38

675.09

DAR (X)

0.74

0.71

0.67

0.51

0.52

DER(X)

2.81

2.41

2.01

1.04

1.09

ROA (%)

-8.54

2.01

1.70

7.96

0.75

ROE (%)

-32.56

6.87

5.12

16.24

1.56

GPM (%)

4.50

1.79

5.26

12.75

5.30

OPM (%)

1.40

-0.79

2.55

8.59

1.21

NPM (%)

-6.58

1.71

1.04

6.05

1.57

Payout Ratio (%)

Yield (%)

Tax

1,886

895

Minority Interest
Net Income

Growth (%)
RATIOS
Current Ratio (%)
Dividend (Rp)

-97

2008

2009

2010

2011

Sep-12

NET INCOME (Billion Rupiah)

294
294

183

71

54

38

2009

2010

2008

-40

-152

-263

-263

53

2011

Sep-12