PT Indorama Synthetics Tbk.

Head Office

Factory

Business

Company Status

Graha Irama 17th Floor

Jl. H.R Rasuna Said Blok X-1 Kav. 1-2
Kuningan, Jakarta 12950
Phone (021) 526-1555 (Hunting)
Fax (021) 526-1501, 526-1502, 526-1508
Website: www.indorama.com
Email: co@indorama.com
Telex 60989 INRAMA IA
Kembang Kuning, Ubrug, Jatiluhur
Po. Box 7, Purwakarta 41101 Jawa Barat
Phone (0264) 21235, 200-235
Fax (0264) 210-068
Email: pwr@indorama.com
Polyester Filament Yarn,
Spun Blended Yarn, PET Resin,
Polyester Staple Fiber and
Polyester Filament Fabric
PMDN

Financial Performance: Net income the company has

earned in 2010 amounted IDR 106.796 billion, increased from
net income from IDR 81.119 billion in 2009.
Brief History: PT Indorama Synthetics Tbk, commenced
commercial operations in 1976. It is the largest polyester producer in Indonesia and one of Indonesias largest exporters
with a total polyester manufacturing capacity of about 280,000
tons per annum.
The company is listed on the Indonesia Stock Exchanges.
In 2009, the companys sales was US$ 490 million and assets of
US$ 545 million.
The company positions its products directly into its markets and has created a unique identity for itself. The company
sells to the premium markets of North America and Europe
and the fast growing markets of South America, Asia, Australia
and the Middle East.
A continuous process of reinvestment and productivityenhancing programs have made PT Indorama one of the leading producers of polyester and its applications worldwide. This
strength combined with the benefits of a low-cost base, results
in a twofold advantage: premium quality at a low cost.
Our business is all about delivering superior quality, consistency and reliability with the right service every time. PT Indorama is involved in four businesses.

Apparel and Other Textile Products

Summary of Financial Statement
(Million Rupiah)
2008
2009
2010
Total Assets
Current Assets
of which
Cash and cash equivalents
Time deposits
Trade receivables
Inventories
Non-Current Assets
of which
Fixed Assets-Net
Investments

6,675,957
2,382,401

5,123,263
2,029,655

5,085,915
2,214,185

136,998
761,025
437,417
827,255
4,293,556

65,456
660,350
414,205
678,815
3,093,608

98,096
624,875
654,302
766,649
2,871,730

3,852,148
7,470

3,068,343
6,390

2,837,436
6,086

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

4,005,523
2,262,491

2,723,915
1,815,202

2,491,352
2,034,889

1,502,068
1,015
56,901
1,743,032
n.a

1,469,518
2,092
40,951
908,713
n.a

1,646,096
30,920
39,832
456,463
29,038

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

2,670,434
1,754,382

2,399,348
1,506,045

2,565,525
1,440,516

10,038
906,014

8,617
884,686

8,242
1,116,767

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

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

4,605,512
4,311,825
293,687
255,074
38,613
(20,557)
18,056
106,796

5,546,887
4,979,728
567,159
324,614
242,545
35,940
278,485
233,092

Per Share Data (Rp)

Earnings per Share
Equity per Share
Dividend per Share
Closing Price

124

163

356

4,079
n.a
500

3,664
n.a
470

3,918
n.a
1,700

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

4.03
0.12
n.a
n.a

2.88
0.13
n.a
n.a

4.78
0.43
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 (%)

1.05
1.50
0.60
0.08
0.01
0.04
6.75
0.91
2.06
5.06

1.12
1.14
0.53
0.06
0.01
0.04
6.35
0.90
2.06
5.06

1.09
0.97
0.49
0.10
0.04
0.04
6.50
1.09
2.06
5.06

PER =8.14x ; PBV = 0.92x (June 2011)

Financial Year: December 31
Public Accountant: Osman Bing Satrio & Co.

(million rupiah)

Shareholders
PT Irama Investama
HSBC Fund Services Clients
HSBC Private Bank (Suisse)
Indorama Holding (I) Pte., Ltd.
Public
Foreign
Local

194

49.00%
8.18%
5.05%
2.00%
27.79%
7.98%

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

2011

2010

5,772,764
3,141,475
2,591,391
3,484,906
176,961

4,969,000
2,615,000
2,353,000
2,688,813
34,886

3.07
6.83

0.70
1.48

In June

Indonesian Capital Market Directory 2011

PT Indorama Synthetics Tbk.

Apparel and Other Textile Products

Board of Commissioners
President Commissioner Sri Prakash Lohia
Vice President Commissioners Seema Lohia, Humphrey R. Djemat
Commissioners Iman Sucipto Umar, Aarti Lohia
No

Type of Listing

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

First Issue
Partial Listing
Partial Listing
Bonus Shares
Partial Listing
Escrow Shares
Escrow Shares
Option Conversion
Bonus Shares
Right Issue
Company Listing
Escrow Shares
Option Conversion
Partial Listing
Convertible Bond
Founders Shares
Convertible Bond
Founders Shares
Stock Split
Bonus Shares
Company Listing

Board of Directors
President Director Amit Lohia
Directors V.S. Baldwa, Arun Taneja
Number of Employees 6,353

Listing Date

Trading Date

Number of Shares
per Listing

03-Aug-90
03-Aug-90
1991
23-Mar-92
11-Nov-92
1993
1994
1994
20-Feb-95
08-Jun-95
29-Jun-95
1995
1995
16-Oct-95
1995
1995
1996
1996
09-Dec-96
19-Dec-96
03-Nov-97

03-Aug-90
03-Feb-91
1991
30-Mar-92
11-Nov-92
1993
1994
1994
20-Feb-95
08-Jun-95
29-Jun-95
1995
1995
16-Oct-95
1995
1995
1996
1996
09-Dec-96
19-Dec-96
03-Nov-97

7,000,000
3,000,000
2,850,000
24,200,000
3,736,000
15,028,860
2,296,169
2,206,120
30,158,571
24,911,513
20,946,682
189,573
2,003,641
3,568,340
6,006,038
4,284,805
1,900,236
1,977,815
156,264,363
250,022,981
91,800,000

Total Listed
Shares
7,000,000
10,000,000
12,850,000
37,050,000
40,786,000
55,814,860
58,111,029
60,317,149
90,475,720
115,387,233
136,333,915
136,523,488
138,527,129
142,095,469
148,101,507
152,386,312
154,286,548
156,264,363
312,528,726
562,551,707
654,351,707

Underwriters PT PDFCI, PT Wardley James Capel Indonesia, PT INDOVEST, PT ASEAM

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

Stock Price and Traded Chart

Stock Price (Rp)

Million Shares

4,500

4,000

3,500
5
3,000
2,500

2,000

1,500
2
1,000
1

500
-

Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11

Institute for Economic and Financial Research

195