PT AKR Corporindo Tbk.

(Formerly PT Aneka Kimia Raya Tbk)

Head Office

Branch Office

Business
Company Status

Wisma AKR, 7th & 8th Floor

Jl. Panjang No. 5, Kebon Jeruk, Jakarta 11530
Phone (021) 531-1555, 531-1110
Fax (021) 531-1128, 531-1308, 531-1388
Website: www.akr.co.id
Jl. Sumatra No. 51-53
Surabaya 60281 Jawa Timur
Phone (031) 512-536
Fax (031) 512-784
Distributor of Chemical Product
PMDN

Financial Performance: The Company recorded net income in 2013 at IDR980 billion, or increased from IDR755 billion recorded in 2012.
Brief History: Customers are from more than 1,000 companies, while sales volume is 563,000 metric tons per annum,
with 23 branches in Jakarta, Surabaya, Semarang and Medan.
Principals include: Asahimas Subentra Chemical (Indonesia),
Dow Chemical (USA), and Rhone Poulenc Chimie (France).
In 1993, the company founded PT Rhone Poulenc Indolatex,
a joint venture with Rhone Poulenc Chimie for manufacturing
styrene butadiene latex and styrene acrylic latex, in which the
company holds 20% of shares. Commercial production commenced on July 1995 at a capacity of 17,000 tons per annum. In
1993 the company invested a 20% stake in a joint venture with
PT Sriun Corp. to establish PT Sari Tanaman Pratama, a tapioca
flour producer, commercial production commenced in August
1995 with a capacity of 30,000 tons per annum. On April 1994,
the company acquired 33.75% of PT Putramas Prima Perkasa,
a chemicals distributor. While on January 1996, the company
took private placement in two chemical companies, PT Polekao
Indonesia Chemicals with 40% shares and PT Arjuna Utama
Kimia with 22,38% shares. In the latter part of 1997, the company increased its capital at PT Arjuna Utama Kimia (AUK)
from 22.38% or 582 shares to 35% or 910 shares from its total
capital placement at AUK. On September 1997, the company acquired 80% shares of PT Aneka Terminal Curah Medan
worth Rp 200 million. On August 1997, the company signed an
agreement with PT Arthakencana Rayalama, Korean Polyol Co
Ltd., Sanyo Chemical Industry Ltd. and Tomen Corporation, to
establish a joint venture in polyethilene polyol sector with an
investment of US$ 26 million.

Shareholders
PT Arthakencana Rayatama
Soegiarto Adikoesoemo
Jimmy Tandyo
Haryanto Adikoesoemo
Bambang Soetiono
Suresh Vembu
Arief Budiman Utomo
Public

278

59.23%
0.17%
0.16%
0.09%
0.03%
0.02%
0.01%
40.29%

Chemical and Allied Products

Summary of Financial Statement

(Million Rupiah)
2011
2012
2013

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

8,417,863
5,226,939

11,787,525
7,414,601

14,633,141
7,723,315

1,329,789
2,145,079
1,237,714
3,190,924

1,884,943
3,166,152
1,415,169
4,372,924

820,065
4,265,335
1,823,246
6,909,827

2,581,702
65,491
24,288
29,276

3,177,350
70,088
135,888
24,372

4,226,692
103,134
254,440
20,218

Liabilities
Current Liabilities
of which
Trade payables
Taxes payable
Accrued expenses
Non-Current Liabilities

4,746,103
3,860,012

7,577,785
5,142,386

9,269,980
6,593,292

3,318,468
68,466
71,555
886,091

3,836,913
96,263
69,953
2,435,399

3,643,339
69,896
94,631
2,676,688

Shareholders' Equity
Paid-up capital
Paid-up capital
in excess of par value
Retained earnings (accumulated loss)

3,671,760
382,199

4,209,740
385,144

5,363,161
388,073

574,526
2,715,035

604,414
3,220,181

661,415
4,313,673

18,805,950
17,754,204
1,051,746
392,869
658,877
1,640,703
2,299,580
2,348,706

21,673,954
20,412,678
1,261,276
396,958
864,318
(54,636)
809,682
755,870

22,337,928
20,970,288
1,367,641
530,270
837,371
(104,318)
733,053
980,588

615
961
n.a
3,025

196
1,093
65
4,150

253
1,382
65
4,375

4.92
3.15
n.a
n.a

21.15
3.80
33.12
1.57

17.31
3.17
25.72
1.49

1.35
1.29
0.56
0.06
0.04
0.12
14.34
2.23
27.90
63.97

1.44
1.80
0.64
0.06
0.04
0.03
14.42
1.84
6.41
17.96

1.17
1.73
0.63
0.06
0.04
0.04
11.50
1.53
6.70
18.28

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 per Share
Dividend per Share
Closing Price
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 (%)

PER = 28,29x ; PBV = 3,77x (June 2014)

Financial Year: December 31
Public Accountant: Purwantono, Suherman & Surja

Indonesian Capital Market Directory 2014

PT AKR Corporindo Tbk.

(Formerly PT Aneka Kimia Raya Tbk)

Chemical and Allied Products

Board of Directors
President Director Haryanto Adikoesoemo
Directors Jimmy Tandyo, Mery Sofi, Arief Budiman Utomo,
Bambang Sutiono Soedijanto, Suresh Vembu,
Nery Polim
Number of Employees 2,445

Board of Commissioners
President Commissioner Soegiarto Adikoesoemo
Commissioners Sabirin Saiman, I Nyoman Mastra

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
Company Listing
Bonus Shares
Stock Split
Right Issue
Stock Split
OPSI Conversion
OPSI Conversion
OPSI Conversion
Right Issue
OPSI Conversion I & III
OPSI Conversion I, II & III
OPSI Conversion I, II & III
Opsi MSOP Conv. II, III & IV
Opsi MSOP Conv. II, III & IV
Opsi MSOP Conv. IV vesting I
OPSI Conversion III
Opsi MSOP Conversion III, IV, V
MSOP IV, MSOP I 2012
MSOP IV, MSOP V, MSOP I 2012
MSOP V (2011), I (2012), I (2013)

Listing Date

Trading Date

Number of Shares
per Listing

03-Oct-94
03-Oct-94
01-Apr-96
30-Sep-96
20-Dec-04
27-Jul-07
11-Apr-08
16-Oct-08
9-Oct-09
16-Feb-10
9-Apr-10
14-Apr-10
8-Oct-10
3-Apr-11
12-Oct-11
13-Oct-11
10-Apr-12
9-Apr-12
12-Apr-13
9-Apr-13
4-Apr-14

03-Oct-94
06-May-95
01-Apr-96
30-Sep-96
20-Dec-04
27-Jul-07
18-Apr-08
16-Oct-08
15-Oct-09
16-Feb-10
12-Apr-10
15-Apr-10
13-Oct-10
28-Apr-11
12-Oct-11
13-Oct-11
10-Apr-12
9-Apr-12
12-Apr-13
10-Apr-13
11-Apr-14

15,000,000
50,000,000
39,000,000
104,000,000
416,000,000
2,496,000,000
5,225,000
175,000
12,892,500
627,658,500
450,000
17,230,000
9,305,000
28,607,500
432,500
10,000
550,000
28,907,500
185,000
29,099,000
22,714,000

Total Listed
Shares
15,000,000
65,000,000
104,000,000
208,000,000
624,000,000
3,120,000,000
3,125,225,000
3,125,400,000
3,138,292,500
3,765,951,000
3,766,401,000
3,783,631,000
3,792,936,000
3,821,543,500
3,821,976,000
3,821,986,000
3,822,536,000
3,851,443,500
3,851,628,500
3,880,727,500
3,903,441,500

Underwriter PT Lippo Securities Tbk

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

Listed

Market

Frequency

Day

Shares

Capitalization

1,245,106.00

23,466

21

3,851,443,500

(Rp Million)
14,924,344.00

Month

Stock Price
High
Low
Close

Shares Traded
Volume

(Rp)

(Rp)

(Rp)

(Thousand Shares)

(Rp Million)

January-13

4,200

3,775

3,875

315,427.00

Value

February-13

4,500

3,825

4,475

218,111.00

902,451.00

19,230

20

3,851,443,500

17,235,210.00

March-13

5,550

4,425

5,000

189,877.00

947,949.00

14,741

19

3,851,443,500

19,257,218.00

April-13

5,350

4,850

5,150

166,257.00

851,310.00

17,228

22

3,880,727,500

19,985,747.00

May-13

5,500

4,850

5,350

183,716.00

958,295.00

19,669

22

3,880,727,500

20,761,892.00

June-13

6,100

4,625

5,300

288,147.00

1,525,542.00

31,480

19

3,880,727,500

20,567,856.00

July-13

5,450

4,325

4,325

227,366.00

1,090,451.00

26,256

23

3,880,727,500

16,784,146.00

August-13

4,950

3,475

3,975

245,307.00

1,040,139.00

22,430

17

3,880,727,500

15,425,892.00

September-13

4,650

3,500

4,000

275,681.00

1,093,424.00

22,308

21

3,880,727,500

15,522,910.00

October-13

5,350

4,000

4,850

193,237.00

914,203.00

19,727

21

3,880,727,500

18,821,528.00

November-13

5,050

4,425

4,675

204,324.00

972,950.00

19,926

20

3,880,727,500

18,142,401.00

December-13

4,975

4,350

4,375

129,874.00

616,656.00

14,061

19

3,880,727,500

16,978,183.00

January-14

4,820

4,175

4,400

151,840.00

680,984.00

32,248

20

3,880,727,500

17,075,201.00

February-14

4,625

4,200

4,560

187,729.00

840,663.00

34,928

20

3,880,727,500

17,696,117.00

March-14

5,200

4,490

4,835

182,352.00

874,778.00

30,860

20

3,880,727,500

18,763,317.00

April-14

5,200

4,625

4,770

161,251.00

781,369.00

34,583

20

3,903,441,500

18,619,416.00

May-14

4,750

4,125

4,125

175,805.00

789,077.00

30,225

18

3,903,441,500

16,101,696.00

June-14

4,640

4,175

4,330

178,895.00

790,700.00

26,447

21

3,903,441,500

16,901,902.00

Stock Price and Traded Chart

Stock Price (Rp)

Thousand Shares
45,000

6,000

40,000
5,000
35,000
30,000

4,000

25,000
3,000
20,000
15,000

2,000

10,000
1,000
5,000
-

Jan-13

Mar-13

May-13

Jul-13

Institute for Economic and Financial Research

Sep-13

Nov-13

Jan-14

Mar-14

May-14

279