PT Pan Brothers Tex Tbk.

Head Office

Marketing Office

Factory

Business
Company Status

Apparel and Other Textile Products

Jl. Muara Karang Blok M-9 Selatan No. 34-37

Jakarta 14450
Phone (021) 669-1833, 660-3680
Fax (021) 669-4929, 660-3706
Gedung Graha Kencana Suite 9-A
Jl. Raya Perjuangan No. 88
Jakarta 11530
Phone (021) 5366-0838, 5366-0755
Fax (021) 5366-0839, 5366-0840
E-mail: apbrxswk@pbrx.co.id
pbt@pbrx.co.id
http://www.panbrotherstbk.co.id
Jl. Siliwangi Km. 1 No. 178, Alam Jaya
Tangerang 15133, Gembor Jatiuwung, Banten
Phone (021) 590-0718
Fax (021) 590-0706, 590-0717
Web-site: http://www.pbrx.co.id
E-mail: apbrxswk@pbrz.co.id
Textile & Garment Industry
PMDN

Financial Performance: The Company booked net income

at IDR 142.527 billion in 2012, higher that net income at IDR
71.877 billion in 2011.
Brief History: The Company was established on August
21st, 1980 with its head office located in Jakarta and its factory
located in Tangerang, Province of Banten.
The Company went public in 1990, and its shares are
listed in the Jakarta and Surabaya Stock Exchanges. The Company had annual sales revenue of Rp. 300.12 billion in 2002.
The Company is engaged in garment industry, and it
currently supplies the products for Calvin Klein Jeans, Express, Lerner, Greg Norman, Nike, Tommy Hilfiger, Axis, Gap /
Old Navy, Chaps Polo Ralph Lauren, Fila, Zara, Reebok, Arena,
Trussardi, Esprit, JC Penney, Charming, Sears, May Department
Store.
Although the Company manufactures all kinds of garments, its primary focus is on knitted garment such as Polo
Shirt, Golf Shirt, Track Suit, Sweat Shirt, Pant, etc., with fabrication such as Single Jersey, Pique, Fleece in Cotton, Polyester,
CVC, TC, Micro Fiber, etc.

Shareholders
PT Trisetijo Manunggal Utama
PT Ganda Sawit Utama
UBS AG Singapore-Non Treaty Omnibus
Public

246

26.33%
19.86%
6.48%
47.33%

Summary of Financial Statement

(Million Rupiah)
2010
2011
2012
Total Assets
Current Assets
of which
Cash and cash equivalents
Trade receivables
Inventories
Non-Current Assets
of which
Fixed Assets-Net
Deffered Tax Assets-Net
Investments
Other Assets

887,284
672,136

1,515,038
1,125,989

2,003,098
1,484,303

27,318
152,218
381,527
215,148

176,849
318,307
423,546
389,049

171,545
508,868
523,193
518,795

201,491
5,195
212
8,251

348,591
6,158
212
10,517

474,636
6,498
186
10,697

719,716
547,888

830,702
782,020

1,178,597
1,128,931

316,705
151,473
7,856
9,469

482,409
217,957
11,863
10,607

672,984
410,066
4,750
19,013

37,212
171,829

34,015
48,682

1,957,478
49,667

167,568
44,544

684,336
76,597

824,500
76,597

19,464
103,560

419,135
188,605

419,135
328,768

1,428,090
1,268,710
159,380
99,708
59,672
(15,454)
44,218
35,695

2,170,707
1,919,436
251,270
152,897
98,373
(8,029)
90,344
71,877

2,698,805
2,385,444
313,361
172,241
141,120
(31,782)
109,338
142,527

80
376
n.a
1,600

23
223
n.a
440

47
269
n.a
470

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

19.97
4.25
n.a
n.a

18.76
1.97
n.a
n.a

10.10
1.75
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 (%)

1.23
4.30
0.81
0.11
0.04
0.02
3.33
1.61
4.02
21.30

1.44
1.21
0.55
0.12
0.05
0.03
4.53
1.43
4.74
10.50

1.31
1.43
0.59
0.12
0.05
0.05
4.56
1.35
7.12
17.29

Liabilities
Current Liabilities
of which
Bank loans
Trade payables
Taxes payable
Accrued expenses
Current maturities of
long-term debt
Non-Current Liabilities
Shareholders' Equity
Paid-up capital
Paid-up capital
in excess of par value
Retained earnings
Net Sales
Cost of Goods Sold
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Profit (Loss) before Taxes
Comprehensive Profit (loss)
Per Share Data (Rp)
Earnings (Loss) per Share
Equity (Loss) per Share
Dividend per Share
Closing Price

PER = 61,90x ; PBV = 2,02x (March 2013)

Financial Year: December 31
Public Accountant: Doli, Bambang, Sudarmadji & Dadang (2011);
Doli, Bambang, Sulistiyanto, Dadang & Ali (2012)

Indonesian Capital Market Directory 2013

PT Pan Brothers Tex Tbk.

Apparel and Other Textile Products

Board of Directors
President Director Ludijanto Setijo
Vice President Director Anne Patricia Sutanto
Directors Fitri Ratnasari Hartono,
Hwang Sei Wook (Michael Hwang), Lilik Setijo
Murali Krishnan Ramakrishna Pillai
Number of Employees 16,105

Board of Commissioners
President Commissioner Supandi Widi Siswanto
Vice President Commissioner
Dhanny Cahyadi
Commissioner Sutjipto Budiman

No

Type of Listing

1
2
3
4
5
6
7
8
9
10
11
12
13

First Issue
Partial Listing
Company Listing
Bonus Shares
Stock Split
Stock Split
Right Issue
Right Issue II
Warrant I
Warrant I
Warrant I
Warrant I
Warrant I

Listing Date

Trading Date

Number of Shares
per Listing

16-Aug-90
16-Aug-90
23-Mar-92
09-Jun-97
09-Jun-97
10-Jan-03
16-Aug-05
25-Jan-11
03-Aug-11
05-Dec-11
28-Feb-12
04-Dec-12
2-Jan-13

16-Aug-90
16-Feb-91
30-Mar-92
09-Jun-97
09-Jun-97
10-Jan-03
16-Aug-05
25-Jan-11
22-Aug-11
05-Dec-11
28-Feb-12
27-Dec-12
10-Jan-13

3,800,000
3,900,000
5,100,000
25,600,000
38,400,000
307,200,000
61,440,000
320,525,000
1,496
164
328
1,250,104
19,790,580

Total Listed
Shares
3,800,000
7,700,000
12,800,000
38,400,000
76,800,000
384,000,000
445,440,000
765,965,000
765,966,496
765,966,660
765,966,988
767,217,092
787,007,672

Underwriter
BAPINDO
Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization
Stock Price
Month
January-12

Trading

Listed

Market

Frequency

Day

Shares

Capitalization

26,799.00

3,265

21

765,966,660

(Rp Million)
1,485,973.00

Shares Traded

High

Low

Close

Volume

Value

(Rp)

(Rp)

(Rp)

(Thousand Shares)

(Rp Million)

530

435

485

56,462.00

February-12

550

460

480

212,940.00

106,136.00

4,331

21

765,966,988

1,470,654.00

March-12

490

455

470

56,933.00

25,151.00

1,236

21

765,966,988

1,440,015.00

April-12

570

470

490

42,820.00

21,864.00

2,954

20

765,966,988

1,501,292.00

May-12

520

450

450

10,589.00

5,172.00

821

21

765,966,988

1,378,738.00

June-12

450

385

440

73,174.00

30,655.00

750

20

765,966,988

1,348,099.00

July-12

500

420

485

63,525.00

32,057.00

1,461

21

765,966,988

1,485,973.00

August-12

480

445

450

75,509.00

35,115.00

1,670

18

765,966,988

1,378,738.00

September-12

460

430

435

2,510.00

1,118.00

483

20

765,966,988

1,332,780.00

October-12

475

410

420

32,717.00

8,435.00

969

22

765,966,988

1,286,822.00

November-12

475

415

425

7,188.00

3,204.00

1,336

20

765,966,988

1,302,141.00

December-12

500

395

470

63,902.00

21,814.00

1,428

18

767,217,092

1,440,603.00

January-13

430

380

400

31,224.00

7,510.00

982

21

787,007,672

1,233,961.00

February-13

410

375

385

7,513.00

2,975.00

663

20

787,007,672

1,187,688.00

March-13

395

380

380

2,326.00

899.00

420

19

787,007,672

1,172,263.00
1,357,357.00

April-13

450

355

440

37,012.00

10,137.00

1,248

22

787,007,672

May-13

780

430

680

74,773.00

45,741.00

4,695

22

787,007,672

2,097,734.00

June-13

680

520

590

38,758.00

22,617.00

2,283

19

787,007,672

1,820,093.00

Stock Price and Traded Chart

Stock Price (Rp)
800

Thousand Shares
12,000

700

10,000

600
8,000

500
400

6,000

300

4,000

200
2,000

100
-

Jan-12

Mar-12

May-12

Jul-12

Institute for Economic and Financial Research

Sep-12

Nov-12

Jan-13

Mar-13

May-13

247