Others

850 Indonesian Capital Market Directory 2008

Summar y of Fi nanc i al St at ement
PT Ratu Prabu Energy Tbk.
(Formerly PT Arona Binasejati Tbk)
Head Office J l. Raya Narogong KM. 16.5
Cileungsi, Bogor, J awa Barat
Phone (021) 823-4567 (Hunting)
Fax (021) 823-4742, 823-4741
Factory J l. Pangkalan IV, Cikiwul
Kec. Bandar Gebang Bekasi
J awa Barat
Phone (021) 825-0761-64
Fax (021) 528-0667
Business Wooden Furniture
Company Status PMDN
Shar ehol der s
PT Suprasurya Danawan Sekuritas 20.41%
PT Jakarta Investment 19.77%
Portfolio PT. Financorpindonusa 10.84%
PT Indowan Investama Group 10.20%
Marco Polo AJR (RPNS) 15.18%
Public 23.60%
(million rupiah)
2005* 2006 2007
Total Assets 336,212 119,945 80,243
Current Assets 260,188 47,324 29,421
of which
Cash and cash equivalents 13,652 756 15
Trade receivables 5,546 196 n.a
Inventories 190,024 45,076 29,251
Non-current Assets 76,024 72,620 50,821
of which
Fixed Assets-Net 74,847 26,691 16,538
Deffered Tax Assets 287 3,659 964
Other Assets 890 n.a n.a
Liabilities 203,266 57,891 36,336
Current Liabilities 202,340 57,891 36,336
of which
Short term-debt 156,193 27,744 2,067
Trade payable s 20,928 10,028 n.a
Accrued expenses 4,823 4,321 n.a
Non-current Liabilities 926 n.a n.a
Minority Interests in Subsidiaries 14,890 10 n.a
Shareholders' Equity 118,056 62,044 43,906
Paid-up capital 98,000 98,000 98,000
Paid-up capital
in excess of par value 13,015 13,015 13,015
Retained earnings (accumulated loss) 7,041 (48,971) (67,109)
Net Sales 196,913 15,131 3,532
Cost of Good Sold 150,378 43,338 10,912
Gross Profit 46,535 (28,207) (7,380)
Operating Expenses 20,131 3,408 1,261
Operating Profit (Loss) 26,404 (31,616) (8,641)
Other Income (Expenses) (18,193) (47,853) (12,561)
Profit before Taxes 8,211 (79,469) (21,202)
Profit after Taxes 4,962 (75,926) (20,373)
Per Share Data (Rp)
Earnings per Share 25 (387) (104)
Equity per Share 602 317 224
Dividend per Share n.a n.a n.a
Closing Price 790 790 500
Financial Ratios
PER (x) 31.20 (2.04) (4.81)
PBV (x) 1.31 2.50 2.23
Dividend Payout (%) n.a n.a n.a
Dividend Yield (%) n.a n.a n.a
Current Ratio (x) 0.78 1.22 1.24
Debt to Equity (x) 1.72 0.93 0.83
Leverage Ratio (x) 0.60 0.48 0.45
Operating Profit Margin (x) 0.13 n.a n.a
Net Profit Margin (x) 0.03 n.a n.a
Inventory Turnover (x) 0.11 0.08 0.04
Total Assets Turnover (x) 0.59 0.13 0.04
ROI (%) 1.48 (63.30) (25.39)
ROE (%) 4.20 (122.37) (46.40)
PER = -9.28x ; PBV = 3.45x (June 2008)
Financial Year: December 31
Public Accountant: Drs. Bambang S. & Rekan (2006),
Achmad, Rasyid, Hisbullah, Jerry (2007)
Financial Performance: The Company still suffered net loss at
IDR20.373 billion, or lower than previous year net loss at IDR75.926
billion.
Brief History: PT. Arona Binasejati, Tbk (Arona) established
in 1996, which is located in Cileungsi Bogor, West Java Indonesia.
The Company have about 700 employees with capacity about 80
X 40 per month. With 100% of its products exported to all over
countries such as; United States, Canada, United Kingdom, Ger-
many, The Netherlands, Japan, Australia etc etc. The Company
has consistently demonstrated an ability to create and develop
new items so that it is highly regarded as one of Indonesias lead-
ing quality and stylish outdoor furniture suppliers to the Interna-
tional market. In the year of 2003, the Company have certificate of
FSC (Forest Stewardship Council) with the certificate number TT-
COC-1883.
St oc k Pr i c e and Tr aded Char t
851 Institute for Economic and Financial Research
St oc k Pr i c e, Fr equenc y, Tr adi ng Days, Number and Val ue of Shar es Tr aded and Mar k et Capi t al i zat i on
Others
No Type of Listing Listing Date Trading Date Number of Shares Total Listed
per Listing Shares
PT Ratu Prabu Energy Tbk.
(Formerly PT Arona Binasejati Tbk)
Under w r i t er s
PT Harumdana Sekuritas, PT Suprasurya Danawan Sekuritas
Boar d of Commi ssi oner s
President Commissioner Derek Prabu Maras
Commissioner Andi Angkala
Boar d of Di r ec t or s
President Director Burhanuddin Bur Maras
Directors Gregory Quinn Maras, Gemilang Zaharin,
Iskandarsyah, Clyde Wiley, Jean Bammel
Number of Employees 474
1 First Issue 30-Apr-03 30-Apr-03 95,000,000 95,000,000
2 Company Listing 30-Apr-03 21-Dec-03 101,000,000 196,000,000
Trading Listed Market
Month High Low Close Volume Value Frequency Day Shares Capitalization
(Rp) (Rp) (Rp) (Thousand Shares) (Rp Million) (Rp Million)
J anuary-07 0 0 790 0.00 0.00 0 0 196,000,000.00
154,840.00
February-07 560 560 560 1.00 0.30 1 1 196,000,000.00
109,760.00
March-07 700 490 490 3.00 1.00 3 2 196,000,000.00
96,040.00
April-07 500 500 500 1.00 1.00 1 1 196,000,000.00
98,000.00
May-07 0 0 500 0.00 0.00 0 0 196,000,000.00
98,000.00
J une-07 0 0 500 0.00 0.00 0 0 196,000,000.00
98,000.00
J uly-07 0 0 500 0.00 0.00 0 0 196,000,000.00
98,000.00
August-07 0 0 500 0.00 0.00 0 0 196,000,000.00
98,000.00
September-07 0 0 500 0.00 0.00 0 0 196,000,000.00
98,000.00
October-07 0 0 500 0.00 0.00 0 0 196,000,000.00
98,000.00
November-07 0 0 500 0.00 0.00 0 0 196,000,000.00
98,000.00
December-07 0 0 500 0.00 0.00 0 0 196,000,000.00
98,000.00
J anuary-08 0 0 500 0.00 0.00 0 0 196,000,000.00
98,000.00
February-08 0 0 500 0.00 0.00 0 0 196,000,000.00
98,000.00
March-08 0 0 500 0.00 0.00 0 0 196,000,000.00
98,000.00
April-08 0 0 500 0.00 0.00 0 0 196,000,000.00
98,000.00
May-08 0 0 500 0.00 0.00 0 0 196,000,000.00
98,000.00
J une-08 0 0 500 0.00 0.00 0 0 196,000,000.00
98,000.00
Stock Price Shares Traded
Thousand Shares
Stock Price (Rp)
-
100
200
300
400
500
600
700
800
900
J an-
07
Feb-
07
Mar-
07
Apr-
07
May-
07
J un-
07
J ul-
07
Aug-
07
Sep-
07
Oct-
07
Nov-
07
Dec-
07
J an-
08
Feb-
08
Mar-
08
Apr-
08
May-
08
J un-
08
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1
1
2
2
3