You are on page 1of 4

PTTirtaMahakamResourcesTbk.

(FormerlyPTTirtaMahakamPlywoodIndustryTbk)

Business

Plywood

CompanyStatus

PMDN

Underwriter

PTTrimegahSecuritiesTbk,PTHaritaKencanaSecurities

Shareholder
2000
PTHaritaJayaraya
DeltaTradingLtd.
PTRatahTimberCo.
Cooperative
KUDBudiRahayu
PrimkopolSepolwan
Public

2001
35.28%
29.04%
3.19%
0.22%
0.15%
0.07%
32.05%

PTHaritaJayaraya
DeltaTradingLtd.
PTRatahTimberCo.
Cooperative
KUDBudiRahayu
PrimkopolSepolwan
Public

30.02%
23.23%
19.26%
13.05%
9.59%
0.22%
0.15%
0.07%
0.02%
4.39%

EtonAssetManagementLtd.
PTHaritaJayaRaya
PTHaritaKencanaSecurities
DeltaTradingLtd.
CrosbackVenturesLtd.
KoperasiPTTirtaMahakamResourcesTbk
KoperasiUnitDesaRahayu
KoperasiPrimkopolSepolwan
PTRatahTimberCo.
Public

2005
PTHaritaJayaraya
DeltaTradingLtd.
EtonAssetManagementLtd.
PTHaritaKencanaSecurities
NuansaInvestmentLimited
KoperasiPTTirtaMahakamPlywoodTbk
KoperasiUnitDesaRahayu
KoperasiPrimkopolSepolwan
PTRatahTimberCo.
Public

2002
35.28%
29.04%
0.82%
0.22%
0.15%
0.07%
34.42%

PTHaritaJayaraya
DeltaTradingLtd.
PTRatahTimberCo.
Cooperative
Public

28.32%
25.22%
19.90%
15.07%
5.03%
0.13%
0.09%
0.04%
0.01%
6.19%

PTHaritaJayaRaya
EtonAssetManagementLtd.
DeltaTradingLtd.
PTHaritaKencanaSecurities
CrosbackVenturesLtd.
KoperasiPTTirtaMahakamResourcesTbk
KoperasiUnitDesaBudiRahayu
PrimkopolSepolwan
Public

2006

2003
35.28%
29.04%
0.02%
0.44%
35.22%

PTHaritaJayaraya
DeltaTradingLtd.
KoperasiPTTirtaMahakamPlywoodTbk
KoperasiUnitDesaRahayu
KoperasiPrimkopolSepolwan
PTRatahTimberCo.
Public

33.78%
28.32%
13.77%
11.33%
5.03%
0.13%
0.09%
0.04%
7.51%

PTHaritaJayaRaya
EtonAssetManagementLtd.
PTHaritaKencanaSecurities
CrosbackVenturesLtd.
KoperasiPTTirtaMahakamResourcesTbk
KoperasiUnitDesaBudiRahayu
PrimkopolSepolwan
Public

2007

2004
35.28%
29.04%
0.22%
0.15%
0.07%
0.02%
35.22%

PTHaritaJayaraya
DeltaTradingLtd.
EtonAssetManagementLtd.
PTHaritaKencanaSecurities
NuansaInvestmentLimited
KoperasiPTTirtaMahakamPlywoodTbk
KoperasiUnitDesaRahayu
KoperasiPrimkopolSepolwan
PTRatahTimberCo.
Public

33.78%
28.32%
11.33%
5.03%
0.13%
0.09%
0.04%
21.28%

PTHaritaJayaRaya
EtonAssetManagementLtd.
CrossbackVenturesLtd.
KoperasiPTTirtaMahakamResourcesTbk
KoperasiUnitDesaBudiRahayu
PrimkopolSepolwan
Public

2008

30.02%
23.23%
19.26%
13.05%
9.59%
0.22%
0.15%
0.07%
0.02%
4.39%

2009
33.78%
28.32%
16.44%
0.13%
0.09%
0.04%
21.20%

Management & Number of Employees


Board of Commissioners

Board of Directors

Number of Employees

2000

President Commissioner
Commissioners

Lim Hariyanto Wijaya Sarwono


Lii Yii chiong, Irwan Santoso

President Director
Vice President Director
Directors

Lim Gunawan Hariyanto, MBA


Tiong Chin Tew
Johannes Tanuwijaya, Marlina Santoso,
Lim Gunardi Hariyanto, BBA

1,540

2001

President Commissioner
Commissioners

Lim Hariyanto Wijaya Sarwono


Lii Yii Chiong, Irwan Santoso,
Sofyan Eriyanto

President Director
Vice President Director
Directors

Lim Gunawan Hariyanto, MBA


Tiong Chin Tew
Johannes Tanuwijaya, Marlina Santoso,
Lim Gunardi Hariyanto, BBA

2,259

2002

President Commissioner
Commissioners

Lim Hariyanto Wijaya Sarwono, MBA


Hii Yii Chiong, Edward Sumarli

President Director
Vice President Director
Directors

Lim Gunawan Hariyanto, MBA


Tiong Chin Tew
Johannes Tanuwijaya, Irwan Santoso,
Lim Gunardi Hariyanto, BBA

2,259

2003

President Commissioner
Commissioners

Lim Hariyanto Wijaya Sarwono, MBA


Hii Yii Chiong, Liem Hok Seng,

President Director
Vice President Director
Directors

Lim Gunawan Hariyanto, MBA


Tiong Chin Tew
Johannes Tanuwijaya, Irwan Santoso,
Lim Gunardi Hariyanto, BBA, Hii Yik Hiung

2,886

2004

President Commissioner
Commissioners

Lim Hariyanto Wijaya Sarwono, MBA


Hii Yii Chiong, Liem Hok Seng,

President Director
Vice President Director
Directors

Lim Gunawan Hariyanto, MBA


Lim Gunardi Hariyanto
Johannes Tanuwijaya, Hii Yik Hiung

3,886

2005

President Commissioner
Commissioners

Lim Hariyanto Wijaya Sarwono, MBA


Hii Yii Chiong, Liem Hok Seng,

President Director
Vice President Director
Directors

Lim Gunawan Hariyanto, MBA


Lim Gunardi Hariyanto
Johannes Tanuwijaya, Hii Yik Hiung

3,886

2006

President Commissioner
Commissioners

Lim Hariyanto Wijaya Sarwono


Hii Yii Chiong
Liem Hok Seng

President Director
Vice President Director
Directors

Lim Gunawan Hariyanto, MBA


Lim Gunardi Hariyanto
Johannes Tanuwijaya
Hii Yik Hiung
Irwan Santoso

3,886

2007

President Commissioner
Commissioners

Lim Hariyanto Wijaya Sarwono, MBA


Hii Yii Chiong, Liem Hok Seng

President Director
Vice President Director
Directors

Lim Gunawan Hariyanto, MBA


Lim Gunardi Hariyanto
Hii Yik Hiung, Irwan Santoso, Herlina Sunarly,

1,310

2008

President Commissioner
Commissioners

Lim Hariyanto Wijaya Sarwono, MBA


Hii Yii Chiong, Liem Hok Seng

President Director
Vice President Director
Directors

Lim Gunawan Hariyanto, MBA


Lim Gunardi Hariyanto
Hii Yik Hiung, Irwan Santoso, Herlina Sunarly,

1,524

2009

President Commissioner
Commissioner

Lim Hariyanto Wijaya Sarwono, MBA


Liem Hok Seng

President Director
Vice President Director
Directors

Lim Gunawan Hariyanto, MBA


Irwan Santoso
Directors
Herlina Sunarly

2,378

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

1998

1999

2000

156,651
99,540

182,177
119,409

280,096
167,539

37,929

31,147

37,266

(million rupiah)
2001

2,002

2,003

2004

2005

336,353
182,588

440,977
199,137

529,009
199,489

808,567
385,699

856,924
500,724

5,297

22,165

6,721

9,998
6,213

3,281
57,166

10,740
71,536

23,380
94,113

21,347
133,881

18,295
130,842

38,927
127,025

76,160
249,763

119,473
310,404

241,840

329,521

422,868

356,200

56,911

60,552

112,334

153,507

238,730

319,380

412,096

349,871

200
-

200
2,016

200
23

212
45

241
2,842

241
9,885

241
10,534

241
6,088

117,583
114,233

73,193
68,503

167,611
132,505

217,277
191,162

293,665
190,244

359,875
215,761

581,681
410,558

618,584
508,492

85,748
23,734

51,220
13,670

95,766
34,148

104,383
60,140

115,458
52,196

141,941
52,595

266,136
97,955

70,795

622

2,107

1,534

3,073

4,273

5,226

14,080

5,418

4,034
3,350

4,691

32,855

227
23,865

3,129

8,163

11,114

46,004

2,250

2,250

103,420
14,665

144,114
18,484

171,124
39,148

110,092
45,256

39,069
4,398

108,984
78,000

112,485
78,000

119,075
78,000

132,648
78,000

150,650
97,500

187,738
126,472

193,083
126,472

23,713
10,958

18,750
12,234

16,734
17,751

16,734
24,342

16,734

16,239

16,239

16,239

37,914

36,911

45,028

50,373

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

172,309
134,999
37,309
6,630
30,680
(28,910)
1,770
730

266,143
230,389
35,754
7,708
28,046
(17,445)
10,601
7,266

320,457
270,491
49,966
11,747
38,219
(19,944)
18,275
12,854

383,921
341,490
42,431
17,470
24,961
(9,700)
15,261
10,490

380,400
345,959
34,441
21,230
13,211
2,791
16,001
11,222

407,594
367,179
40,415
23,943
16,472
(7,455)
9,017
6,295

748,865
654,929
93,937
37,207
56,730
(42,791)
13,939
10,067

928,141
765,319
162,822
106,914
55,908
(38,271)
17,637
10,110

Per Share Data (Rp)


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

83
4,442
-

47
699
6
1,150

21
180
6
190

17
191
6
150

18
213
5
125

8
193
n.a
150

24.69
1.65
13.42
0.54

9.22
1.05
30.34
3.29

8.92
0.79
37.18
4.17

6.95
0.59
27.80
4.00

18.59
0.78
n.a
n.a

18.59
1.00
30.15
1.62

12.51
0.66
n.a
n.a

0.87
3.01
0.75

1.74
0.67
0.40

1.26
1.49
0.60

0.96
1.82
0.65

1.05
2.21
0.67

0.92
2.39
0.68

0.94
3.10
0.72

0.98
3.20
0.72

0.18
0.12
1.10
0.47
1.87

0.11
0.03
0.11
1.46
3.99
6.67

0.12
0.04
0.12
1.14
4.59
11.43

0.07
0.03
0.13
1.14
3.12
8.81

0.03
0.03
0.16
0.86
2.54
8.46

0.04
0.02
0.19
0.77
1.19
4.18

0.08
0.01
0.15
0.93
1.24
5.36

0.06
0.01
0.34
1.08
1.18
5.24

2000
53.75
3.21
20.41
77

2001
20.08
5.86
19.80
(18)

2,002
31.11
11.40
(0.92)
7

2,003
19.96
13.57
7.15
(44)

2004
52.85
24.62
83.73
60

2005
5.98
2.85
23.94
0

Liabilities
Current Liabilities
of which
Bank loans
Short-term debt
Bank borrowings
Trade payables
Taxes payable
Accrued expenses
Payable to affiliates
Current maturities of
long-term debt
Long-term Liabilities
of which
Bank borrowings
Government of Indonesia
Non-Current Liabilities
Minority Interests in Subsidiaries
Shareholders' Equity
Paid-up capital
Paid-up capital
in excess of par value
Revaluation of fixed assets
Retained earnings

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

337,730

1998

1999
16.29
178.95
54.46
895

10
186
3
185

10
191
n.a
125

SUMMARY OF FINANCIAL STATEMENT

PT. Tirta Mahakam Resources (TIRT)


2006

(millionrupiah)
2007

2008

TotalAssets
CurrentAssets
ofwhich
CashandCashEquivalents
Tradereceivables
Inventories
NonCurrentAssets
ofwhich
FixedAssetsNet
Investments
OtherAssets

570,117
409,871

553,388
367,369

567,228
371,581

11,154
36,719
268,384
160,246

7,301
59,112
238,917
186,019

10,699
43,837
239,072
195,647

158,544
241
1,461

185,636
241
n.a

195,406
241
n.a

Liabilities
CurrentLiabilities
ofwhich
Bankloans
Tradepayables
Accruedexpenses
Currentmaturitiesof
longtermdebt
NonCurrentLiabilities
MinorityInterestsinSubsidiaries

372,310
353,254

354,793
197,402

436,368
365,343

300,337
26,235
3,728

137,048
24,728
5,346

134,380
29,055
3,432

20,295
19,056
n.a

25,314
157,391
n.a

194,368
71,025
n.a

Shareholders'Equity
Paidupcapital
Paidupcapital
inexcessofparvalue
Retainedearnings

197,807
126,472

198,595
126,472

130,860
126,472

16,239
55,096

16,239
55,884

16,239
(11,851)

NetSales
CostofGoodSold
GrossProfit
OperatingExpenses
OperatingProfit
OtherIncome(Expenses)
ProfitbeforeTaxes
ProfitafterTaxes

703,136
624,655
78,481
73,788
4,693
(91)
4,602
1,286

772,316
651,260
121,056
83,072
37,985
(35,904)
2,081
788

647,298
567,281
80,017
78,105
1,912
(69,147)
(67,235)
(67,735)

PerShareData(Rp)
EarningsperShare
EquityperShare
DividendperShare
ClosingPrice

1
196
n.a
100

1
196
n.a
117

(67)
129
n.a
50

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

78.67
0.51
n.a
n.a

150.21
0.60
n.a
n.a

(0.75)
0.39
n.a
n.a

1.16
1.88
0.65
0.01
n.a
0.27
1.23
0.23
0.65

1.86
1.79
0.64
0.05
n.a
0.35
1.40
0.14
0.40

1.02
3.33
0.77
0.00
n.a
0.33
1.14
(11.94)
(51.76)

CurrentRatio(x)
DebttoEquity(x)
LeverageRatio(x)
OperatingProfitMargin(x)
NetProfitMargin(x)
InventoryTurnover(x)
TotalAssetsTurnover(x)
ROI(%)
ROE(%)
PER=1.92x;PBV=0.58x(June2009)
FinancialYear:December31
PublicAccountant:Kanto,Tony,Frans&Darmawan