PT Kertas Basuki Rachmat Indonesia Tbk.

Paper and Allied Products

Head Office Jl. Abdul Muis No. 46 Summary of Financial Statement

Jakarta 10610 (Million Rupiah)
Phone (021) 386-1010, 384-6767 2007 2008 2009
Fax (021) 380-5944, 386-1034 Total Assets 1,140,534 1,124,524 1,098,500
Website: www.kbri.co.id Current Assets 18,687 20,047 5,215
Business Paper (Products and Distribution) of which
Cash and cash equivalents 5,775 3,791 706
Company Status PMDN Trade receivables 3,173 1,183 166
Inventories 7,955 13,632 2,551
Financial Performance: The Company successfully booked Non-Current Assets 1,121,847 1,104,477 1,093,285
net income at IDR20.154 billion in 2009, while in previous year of which
Fixed Assets-Net 1,096,423 1,090,868 1,080,783
suffered net loss at IDR97.591 billion. Investments 2,261 2,261 2,261
Brief History: Started its business in petroleum under the Deffered Tax Assets-Net 634 943 1,519
Other Assets 850 1,493 1,380
name of PT Petroneks and later on April 4th 1979 changed its
Liabilities 603,095 619,011 572,653
name to PT Indhasana, this/the company has gain a well known Current Liabilities 162,070 147,839 152,252
reputation amongst its business associates. of which
Accrued Expenses 4,469 4,677 7,162
Complying with the fast growing business opportunities, Trade payables 22,139 21,910 27,620
PT Indhasana started to penetrate the paper industry by acqui- Taxes payable 3,747 6,512 7,756
Non-Current Liabilities 441,026 471,172 420,401
sition of two paper factories located in the East and Central Minority Interests in Subsidiaries 319,698 1,972 2,136
Java. PT Kertas Basuki Rachmat (PT KBR) which is located in
Shareholders' Equity 217,741 503,541 523,711
Banyuwangi and PT Kertas Blabak (PT KBM) in Magelang are Paid-up capital 500,000 636,000 636,006
now operated under the control of PT Kertas Basuki Rahmat Paid-up capital
in excess of par value n.a 201,898 201,908
Indonesia (KBRI), as a result of PT Indhasana corpororate re- Retained earnings (accumulated loss) (282,259) (334,357) (314,203)
structuring. Net Sales 117,524 160,563 108,938
Cost of Goods Sold 129,417 168,809 119,873
Gross Profit (11,893) (8,247) (10,935)
Operating Expenses 19,514 25,633 23,732
Operating Profit (31,408) (33,880) (34,667)
Other Income (Expenses) (16,971) (64,222) 54,426
Profit (Loss) before Taxes (48,379) (98,102) 19,759
Profit (Loss) after Taxes (57,779) (97,592) 20,155

Per Share Data (Rp)

Earnings (Loss) per Share (23) (24) 5
Equity per Share 87 123 128
Dividend per Share n.a n.a n.a
Closing Price n.a 325 320

Financial Ratios
PER (x) n.a (13.66) 65.15
PBV (x) n.a 2.65 2.51
Dividend Payout (%) n.a n.a n.a
Dividend Yield (%) n.a n.a n.a

Current Ratio (x) 0.12 0.14 0.03

Debt to Equity (x) 2.77 1.23 1.09
Leverage Ratio (x) 0.53 0.55 0.52
Gross Profit Margin (x) (0.10) n.a n.a
Operating Profit Margin (x) (0.27) n.a n.a
Net Profit Margin (x) n.a n.a 0.19
Inventory Turnover (x) 16.27 12.38 46.99
Total Assets Turnover (x) 0.10 0.14 0.10
ROI (%) (5.07) (8.68) 1.83
ROE (%) (26.54) (19.38) 3.85

PER = 3.58x ; PBV = 0.42x (June 2010)

Financial Year: December 31
Public Accountant: Rama Wendra (2008); Drs Moch Zainuddin (2009)

(million rupiah)
2010 2009
June June

Total Assets 1,071,000 1,114,000

Liabilities 484,000 599,000
Shareholders' Equity 585,000 512,000
Net Sales 40,000 35,000
Shareholders Profit after Taxes 59,000 8,000
Adam Ariaji 27.23%
Reksadana Danamas Stabil 11.66% ROI (%) 5.51 0.72
Public 61.11% ROE (%) 10.09 1.56

210 Indonesian Capital Market Directory 2010

PT Kertas Basuki Rachmat Indonesia Tbk. Paper and Allied Products

Board of Commissioners Board of Directors

President Commissioner Anton BS Hudyana President Director Glenn Mohammad Surya Yusuf
Commissioner Adam Ariaji, Farid Harianto Directors Krisman Tarigan, Theo Satria

Number of Employees 255

No Type of Listing Listing Date Trading Date Number of Shares Total Listed
per Listing Shares
1 First Issue 11-Jul-08 11-Jul-08 1,360,000,000 1,360,000,000
2 Company Listing 11-Jul-08 11-Mar-09 2,500,000,000 3,860,000,000
3 Warrant 22-Jan-09 22-Jan-09 7,500 3,860,007,500
4 Warrant 10-Aug-09 10-Aug-09 20 3,860,007,520
5 Warrant 08-Oct-09 08-Oct-09 50,000 3,860,057,520

Underwriter
PT Henan Putihrai Sekuritas
Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization

Stock Price and Traded Chart

Stock Price (Rp) Million Shares
400 400

350 350

300 300

250 250

200 200

150 150

100 100

50 50

- -
Jan-09 Feb-09Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10Mar-10 Apr-10 May-10 Jun-10

Institute for Economic and Financial Research 211