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PT Ever Shine Tex Tbk.

Head Office/Factory
Marketing Office

Business
Company Status

Apparel and Other Textile Products

Jl. Negara Km. 50, Cijujung


Bogor 16710, Jawa Barat
Phone (0251) 865-2412, Fax (0251) 865-2411
Jl. H. Fachruddin No.16, Jakarta 10250
Phone (021) 316-0238 (Hunting)
Fax (021) 316-0271, 316-0260
E-mail: ptest@evershinetex.com
ptest@indosat.net.id
Website: www.evershinetex.com
Synthetic Textile and Garment
(Specialized in Nylon and Polyester Fabrics)
PMDN

Financial Performance: The Company booked net income


amounted IDR 1.487 billion in 2009, while in 2008 booked net
income at IDR 7.686 billion.
Brief History: This integrated synthetic textile manufacturer began commercial production in 1975. As Indonesias
top nylon producer, the company produces textiles and textile products, from yarn to finished garments, made from nylon
and polyester. With production at around 102 million yards
per annum, woven textile is the companys core product and
makes up 65% of total sales. Since 1997, the company has been
supplying its own nylon yarn needs. All twisted yarn and half of
the textured yarn produced is consumed by the companys garment division. The company currently has 300 active customers, both local and foreign. In 2000, around 70% of sales are in
US dollars. Recently the company received an idA-ranking
from the Indonesian Ranking Agency, indicating that the business position and financial profile of the company are above
average compared to other companies of this type.

Summary of Financial Statement


(Million Rupiah)
2008
2009
2010
Total Assets
Current Assets
of which
Cash and cash equivalents
Trade receivables
Inventories
Non-Current Assets
of which
Fixed Assets-Net
Other Assets

530,248
337,418

518,857
285,089

583,253
340,645

42,942
51,578
218,690
192,830

14,182
67,021
189,328
233,769

12,177
95,044
210,386
242,608

166,244
21,970

211,759
17,888

223,087
13,858

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

281,170
260,479

262,060
206,027

327,067
287,372

67,630
2,178
9,580

66,960
6,463
4,853

96,490
3,422
6,833

298
20,691
4

15,808
56,033
4

15,656
39,695
5

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

249,073
201,521

256,793
201,521

256,181
201,521

42,261
5,291

42,261
13,011

42,261
12,399

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

569,121
531,535
37,586
28,247
9,339
( 39,014)
( 29,675)
( 22,019)

Per Share Data (Rp)


Earnings per Share
Equity per Share
Dividend per Share
Closing Price

539,809
507,984
31,825
29,500
2,325
12,676
15,002
7,687

615,069
576,062
39,006
34,778
4,228
( 861)
3,367
1,487

( 11)
124
n.a
50

4
127
n.a
51

1
127
n.a
100

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

(4.58)
0.40
n.a
n.a

13.37
0.40
n.a
n.a

135.50
0.79
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 (%)

1.30
1.13
0.53
0.07
0.02
n.a
2.43
1.07
(4.15)
(8.84)

1.38
1.02
0.51
0.06
0.00
0.01
2.68
1.04
1.48
2.99

1.19
1.28
0.56
0.06
0.01
0.00
2.74
1.05
0.25
0.58

PER = 21.38x ; PBV = 0.95x (June 2011)


Financial Year: December 31
Public Accountant: Purwantono, Sarwoko & Sandjaja (2009);
Purwantono, Suherman & Surja (2010)

(million rupiah)
2011
2010

Shareholders
PT Cahaya Interkontinental
The Hong Kong and Shanghai Banking Corp.
Limited PV BK (Suisse) SA SG-TR
Public

188

58.97%
13.61%
27.42%

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

615,774
375,264
240,511
350,573
265,201
374,258
11,036

544,877
314,465
230,413
282,019
262,854
276,276
6,058

1.79
4.16

1.11
2.30

in June

Indonesian Capital Market Directory 2011

PT Ever Shine Tex Tbk.

Apparel and Other Textile Products

Board of Directors
President Director Sung Pui Man
Directors Sung Man Tak, Dra. Erlien Lindawati Surianto
Number of Employees 2,352

Board of Commissioners
President Commissioner Emmy Ranoewidjojo
Commissioners Prof. Dr. Wahjudi Prakarsa, MBA,
Drs. Aryanto Agus Mulyo, AK
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14

Type of Listing

Listing Date

Trading Date

Number of Shares
per Listing

13-Oct-92
13-Oct-92
26-Oct-92
02-Aug-93
10-Jun-94
15-Jul-94
15-Jul-94
15-Jul-94
15-Jul-94
30-Sep-96
23-Oct-96
12-Jul-00
03-Nov-00
11-Dec-00

13-Oct-92
13-Jun-93
13-Jun-93
02-Aug-93
10-Jun-94
21-Jul-94
19-Aug-94
31-Aug-94
01-Sep-94
30-Sep-96
23-Oct-96
12-Jul-00
03-Nov-00
11-Dec-00

4,000,000
30,000,000
3,650,000
22,590,000
24,096,000
6,602,500
44,200
4,324,490
31,196,810
126,504,000
45,541,440
85,299,840
19,192,464
1,612,166,976

First Issue
Company Listing
Convertible Bond
Bonus Shares
Dividend Shares
Right Issue
Right Issue
Right Issue
Right Issue
Stock Split
Bonus Shares
Right Issue
Additional Shares
Stock Split

Total Listed
Shares
4,000,000
34,000,000
37,650,000
60,240,000
84,336,000
90,938,500
90,982,700
95,307,190
126,504,000
253,008,000
298,549,440
383,849,280
403,041,744
2,015,208,720

Underwriter PT Ludlow Securities


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

Stock Price and Traded Chart


Stock Price (Rp)

Thousand Shares

140

700

120

600

100

500

80

400

60

300

40

200

20

100

Jan-10 Feb-10 Mar-10

Apr-10 May-10 Jun-10

Jul-10

Aug-10 Sep-10 Oct-10 Nov-10 Dec-10

Institute for Economic and Financial Research

Jan-11

Feb-11 Mar-11

Apr-11 May-11 Jun-11

189