PTIndoramaSynteticsTbk.

Business
CompanyStatus

PolyesterFilamentYarn,SpunBlendedYarn,PETResin,
PolyesterStapleFiberandPolyesterFilamentFabric
PMDN

Underwriters

PTPDFCI,PTWardleyJamesCapelIndonesia,PTINDOVEST,PTASEAM

Shareholders
2000
PTIramaUnggul
IndoramaInternationalFinancePLC,
UnitedKingdom
IFC,Washington
Public

2005
PTIramaUnggul
IndoramaInternationalFinancePlc,
UnitedKingdom
IFC,Washington
Public
Foreign
Domestic

2001
37.81% PTIramaUnggul
IndoramaInternationalFinancePLC,UnitedKingdom
13.19% IFC,Washington
7.34% Public
41.66% Foreign
Domestic

2006
37.82% PTIramaUnggul
IndoramaInternationalFinancePlc,UnitedKingdom
13.18% IFC,Washington
7.34% Public
Foreign
28.79% Local
12.87%

2002
37.82% PTIramaUnggul
13.19% IndoramaInternationalFinancePLC,UnitedKingdom
7.34% IFCWashington
Public
41.09%
0.56%

2003
37.82%
13.18%
7.34%
41.66%

2007
37.82% PTIramaUnggul
13.18% IndoramaInternationalFinancePlc,UnitedKingdom
7.34% IFC,Washington
HSBCFundServicesClients
31.78% KennethRudyKamon
9.88% Public
Foreign
Local

PTIramaUnggul
IndoramaInternationalFinancePLC,
UnitedKingdom
IFC,Washington
Public
Foreign
Local

2004
37.82% PTIramaUnggul
IndoramaInternationalFinancePlc,
13.18% UnitedKingdom
7.34% IFC,Washington
Public
33.00% Foreign
8.66% Local

2008
37.82%
13.18%
7.34%
8.63%
6.19%

PTIramaUnggul
IndoramaInternationalFinancePlc,UnitedKingdom
IFC,Washington
HSBCFundServicesClients
KennethRudyKamon
Public
15.16% Foreign
11.68% Local

37.82%
13.18%
7.34%
27.21%
14.45%

2009
37.82%
13.18%
7.34%
8.63%
6.19%
15.16%
11.68%

PTIramaUnggul
IndoramaInternationalFinancePlc,UnitedKingdom
HSBCFundServicesClients
Public
Foreign
Local

37.82%
13.18%
8.63%
34.25%
6.12%

Management & Number of Employees

Board of Commissioners

Board of Directors

Number of Employees

2000

President Commissioner
Vice President Commissioners
Commissioner

Gani Djemat, SH
Naurang Rai Lohia, Seema Lohia
Anil Prakash Lohia

President Director
Vice President Director
Directors

Mohan Lal Lohia

Sri Prakash Lohia
Chander Vinod Laroya, H. Darnis Darwis, Amit Lohia

8,165

2001

President Commissioner
Vice President Commissioners
Commissioner

Seema Lohia
H. Darnis Darwis, SH, Aarti Lohia
Anil Prakash Lohia

President Director
Vice President Director
Directors

Mohan Lal Lohia

Sri Prakash Lohia
Chander Vinod Laroya, Amit Lohia

8,165

2002

President Commissioner
Vice President Commissioners
Commissioners

Seema Lohia
H. Darnis Darwis, SH, Aarti Lohia
Anil Prakash Lohia, J. Maschli Mohammad

President Director
Vice President Director
Directors

Mohan Lal Lohia

Sri Prakash Lohia
Chander Vinod Laroya, Amit Lohia

8,295

2003

President Commissioner
Vice President Commissioners
Commissioners

Seema Lohia
H. Darnis Darwis, SH, Aarti Lohia
Anil Prakash Lohia, J. Maschli Mohammad

President Director
Vice President Director
Directors

Mohan Lal Lohia

Sri Prakash Lohia
Chander Vinod Laroya, Amit Lohia

7,928

2004

President Commissioner
Vice President Commissioners
Commissioners

Mohan Lal Lohia

Humphrey R. Djemat, Seema Lohia
Anil Prakash Lohia
J. Maschli Mohammad
Aarti Lohia

President Director
Vice President Director
Directors

Sri Prakash Lohia

Amit Lohia
Chander Vinod Laroya, R. Chandrasekaran

7,369

2005

President Commissioner
Vice President Commissioners
Commissioners

Mohan Lal Lohia

Humphrey R. Djemat, Seema Lohia
Iman Sucipto Umar, Aarti Lohia

President Director
Vice President Director
Directors

Sri Prakash Lohia

Amit Lohia
Chander Vinod Laroya, R. Chandrasekaran

7,289

2006

President Commissioner
Vice President Commissioners
Commissioners

Mohan Lal Lohia

Humphrey R. Djemat, Seema Lohia
Iman Sucipto Umar
Aarti Lohia

President Director
Vice President Director
Directors

Sri Prakash Lohia

Amit Lohia
Jutti Chandra Suresh, R. Chandrasekaran

7,139

2007

President Commissioner
Vice President Commissioners
Commissioners

Mohan Lal Lohia

Humphrey R. Djemat, Seema Lohia
Iman Sucipto Umar, Aarti Lohia

President Director
Vice President Director
Directors

Sri Prakash Lohia

Amit Lohia
Jutti Chandra Suresh, R. Chandrasekaran

7,189

2008

President Commissioner
Vice President Commissioners
Commissioners

Mohan Lal Lohia

Humphrey R. Djemat, Seema Lohia
Iman Sucipto Umar, Aarti Lohia

President Director
Vice President Director
Directors

Sri Prakash Lohia

Amit Lohia
V.S. Baldwa, Arum Taneja

7,151

2009

President Commissioner
Vice President Commissioners

Mohan Lal Lohia

Humphrey R. Djemat
Seema Lohia
Iman Sucipto Umar
Aarti Lohia

President Director
Vice President Director
Directors

Sri Prakash Lohia

Amit Lohia
V.S. Baldwa
Arum Taneja

7,164

Commissioners

(million rupiah)
2001

1998

1999

2000

Total Assets
Current Assets
of which
Cash on hand and in banks
Cash and cash equivalents
Time deposits
Trade receivables
Inventories
Investments
Advances
Non-current Assets
of which
Fixed Asset Net
Deffered Tax Assets-Net
Investments
Other Assets

4,267,001
1,166,949

4,125,256
1,312,222

5,541,400
1,759,253

215,428

114,852

33,519

46,359

41,230

29,536

391,728
151,755
353,410

684,076
240,240
502,932

653,546
233,126
515,393

786,151
258,325
436,176

754,587
259,424
466,764

777,259
287,312
617,172

3,028,867

2,792,240

2,938,013

3,392,950

2,734,430

2,596,967

3,280,857

3,490,583

2,785,012

2,494,146

2,641,920

2,797,394

4,757
360,865

4,771
211,296

6,390
494,901

6,833
175,958

5,949

5,668

6,339

6,770

Liabilities
Current Liabilities
of which
Bank loans and notes
Bank borrowings
Short-term debts
Trade payables
Taxes payable
Accrued expenses
Current maturities of
long-term debt

2,591,060
906,578

2,435,094
1,018,971

3,065,420
1,569,675

3,378,232
1,661,192

2,820,089
1,299,614

2,581,733
1,552,702

2,743,170
1,526,998

3,186,997
1,478,419

437,885

597,146
49,160

929,832
87,439

1,009,954
81,775

749,391
1,514
60,340

961,091
372
46,197

1,093,492
1,314
66,935

1,134,650
2,775
82,646

Long-term Liabilities
of which
Bank borrowings
Non-Current Assets
Minority Interests in Subsidiaries

1,684,482

1,416,123

1,495,745

1,717,040

1,520,475

1,029,030

1,216,172

1,708,578

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

1,675,941
1,137,548

2,017,659
1,426,741

1,948,436
1,353,361

2,194,257
1,498,839

2,316,481
1,576,545

6,511

6,511

8,799

9,537

8,166

7,746

8,579

9,023

531,882

546,104

929,890

640,921

582,752

587,328

686,839

730,913

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

1,992,509
1,390,563
601,945
220,945
381,000
(391,558)
(10,558)
49,409

2,027,313
1,470,204
557,109
213,568
343,541
(339,735)
3,806
14,172

3,250,959
2,540,862
710,097
316,481
393,616
(108,961)
284,655
192,984

3,320,356
2,677,532
642,824
312,520
330,304
(152,038)
178,266
117,218

2,834,827
2,450,807
384,019
237,069
146,950
(89,442)
57,508
33,376

3,008,771
2,662,748
346,023
244,693
101,330
(41,728)
59,602
40,875

3,936,841
3,553,756
383,085
271,845
111,240
(46,828)
64,412
46,012

4,621,110
4,186,989
434,121
331,251
102,870
(75,246)
27,624
20,404

Per Share Data (Rp)

Earnings (Loss) per Share
Equity per Share
Dividend per Share
Closing Price

22
737
1,025

22
2,583
1 1,625

295
3,784
750

425

51
3,083
n.a
450

62
2,978
n.a
525

70
3,353
n.a
625

31
3,541
n.a
470

47
1
-

73.86
0.63
4.55 0.06 -

2.54
0.20

2.37
0.12

8.82
0.15
n.a
n.a

8.47
0.18
n.a
n.a

8.89
0.19
n.a
n.a

15.07
0.13
n.a
n.a

1.29
1.55
0.61
0.30
0.19
0.02
5.33
0.47
1.16
2.95

1.29
1.44
0.59
0.27
0.17
0.01
4.16
0.49
0.34
0.84

1.12
1.24
0.55
0.22
0.12
0.06
5.05
0.59
3.48
7.79

1.22
1.46
0.59
0.19
0.10
0.04
5.20
0.58
2.06
5.06

1.39
1.40
0.58
0.14
0.05
0.04
5.62
0.59
2.06
5.06

1.12
1.33
0.57
0.12
0.03
0.04
5.70
0.66
2.06
5.06

1.31
1.25
0.56
0.10
0.03
0.04
5.76
0.80
2.06
5.06

1.43
1.38
0.58
0.09
0.02
0.04
7.19
0.84
2.06
5.06

1998

1999
(3.32)
0.85
1.75
(71.32)

2001
2.77
(6.43)
2.13
(39.26)

2002
(15.05)
(12.91)
(14.62)
(71.53)

2003
(6.36)
(3.43)
6.14
22.47

2004
8.99
12.62
30.85
12.57

2005
11.46
5.57
17.38
(55.66)

Financial Ratios
PER (x)
PBV (x)
Dividend Payout (%)
Dividend Yield (%)
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
2
3
4

Growth (%)
Indicators
Total Asset
Share Holder's Equity
Net Sales/Revenue
Net Provit

140,900
261,117
325,059

5,694,957
2,021,583

2002

2003

2004

2005

4,837,748
1,808,882

4,530,168
1,737,928

4,937,424
1,999,412

5,503,482
2,110,532

31,744
908,321
349,310
582,459

68,224

1,690,162
1,137,548

2,475,980
1,537,292

2,316,725
1,666,267

179
3,540
-

2000
34.33
46.49
60.36
1,261.73

SUMMARY OF FINANCIAL STATEMENT

Indo-Rama Synthetics (INDR)

(millionrupiah)
2,006
2007

2008

TotalAssets
CurrentAssets
ofwhich
Cashandcashequivalents
Timedeposits
Tradereceivables
Inventories
NonCurrentAssets
ofwhich
FixedAssetsNet
Investments

5,352,244
2,039,061

5,874,702
2,293,310

6,675,957
2,383,131

25,352
818,565
409,589
567,927
3,313,184

31,814
666,394
561,677
790,890
3,581,392

136,998
761,025
437,417
827,255
4,292,826

2,989,346
6,196

3,221,587
6,449

3,852,148
7,470

Liabilities
CurrentLiabilities
ofwhich
Tradepayables
Taxespayable
Accruedexpenses
NonCurrentLiabilities

3,220,108
1,825,396

3,636,004
1,950,952

4,005,523
2,262,491

1,362,668
2,870
82,266
1,394,712

1,462,875
3,232
66,757
1,685,052

137,498
1,015
56,901
1,743,032

Shareholders'Equity
Paidupcapital
Paidupcapital
inexcessofparvalue
Retainedearnings

2,132,136
1,445,163

2,238,698
1,509,089

2,670,434
1,754,382

8,268
678,705

8,634
720,974

10,038
906,014

NetSales
CostofGoodsSold
GrossProfit
OperatingExpenses
OperatingProfit
OtherIncome(Expenses)
ProfitbeforeTaxes
ProfitafterTaxes

4,254,481
3,859,722
394,759
335,062
59,697
(33,733)
25,965
18,076

4,762,933
4,330,101
432,832
331,257
101,575
(69,753)
31,822
21,763

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

PerShareData(Rp)
EarningsperShare
EquityperShare
DividendperShare
ClosingPrice

28
3,297
14
480

32
3,316
n.a
730

124
4,079
n.a
500

FinancialRatios
PER(x)
PBV(x)
DividendPayout(%)
DividendYield(%)

17.17
0.15
50.08
0.42

22.65
0.22
n.a
n.a

4.03
0.12
n.a
n.a

1.12
1.51
0.60
0.09
0.01
0.04
6.80
0.79
2.06
5.06

1.18
1.62
0.62
0.09
0.02
0.04
5.47
0.81
2.06
5.06

1.05
1.50
0.60
0.08
0.01
0.04
6.75
0.91
2.06
5.06

CurrentRatio(x)
DebttoEquity(x)
LeverageRatio(x)
GrossProfitMargin(x)
OperatingProfitMargin(x)
NetProfitMargin(x)
InventoryTurnover(x)
TotalAssetsTurnover(x)
ROI(%)
ROE(%)
PER=9.61x;PBV=0.10x(June2009)
FinancialYear:December31
PublicAccountant:OsmanBingSatrio&Co.