PTArgoPantesTbk.

Business

Textile

CompanyStatus

PMDN

Underwriter

PTMERINCORP,PTAsianDevelopmentSecurities,PTDanareksa

Shareholder
2000
PTDharmalaManunggal
TheNingKing
InternationalFinanceCorporation
LieAngSioeNio
KarmanWidjaya
AhliWarisAlm.H.Musa
Cooperatives
Public

2001
37.21%
10.50%
5.10%
4.44%
2.36%
2.28%
0.28%
37.83%

PTDharmaManunggal
TheNingKing
LieAngSioeNio
KarmanWidjaya
AhliWarisAlm.H.Musa
Cooperative
Public

2005
PTDharmaManunggal
TheNingKing
LieAngSioeNio
KarmanWidjaja
TheNicholas
MarciaSutedja
Cooperative
Public

2002
37.21%
10.50%
4.44%
2.36%
2.28%
0.28%
42.93%

2006
37.21%
12.78%
4.44%
2.36%
0.65%
0.39%
0.29%
41.88%

PTDharmaManunggal
TheNingKing
LieAngSioeNio
Public

PTDharmaManunggal
TheNingKing
LieAngSioeNio
KarmanWidjaya
AhliWarisAlm.H.Musa
Cooperative
Public

2003
37.21%
10.50%
4.44%
2.36%
2.28%
0.28%
42.93%

2007
37.21%
12.78%
7.25%
42.76%

PTDharmaManunggal
TheNingKing
PTPrimasiaSecurities
Public

PTDharmaManunggal
TheNingKing
LieAngSioeNio
KarmanWidjaya
AhliWarisAlm.H.Musa
Cooperative
Public

2004
37.21%
10.50%
4.44%
2.36%
2.28%
0.28%
42.93%

2008
37.21%
12.78%
10.22%
39.79%

PTDharmaManunggal
TheNingKing
MaximusCapital
PTPrimasiaSecurities
Public

PTDharmaManunggal
TheNingKing
LieAngSioeNio
KarmanWidjaja
Cooperative
Public

37.21%
12.78%
4.44%
2.36%
0.29%
42.92%

2009
29.36%
10.08%
8.18%
7.89%
44.49%

PTDharmaManunggal
TheNingKing
MaximusCapital
PTPrimasiaSecurities
Public

29.35%
10.08%
8.18%
5.54%
46.85%

Management & Number of Employees

Board of Commissioners

Board of Directors

Number of Employees

2000

President Commissioner
Commissioners

Drs. Sidik Murdiono

Karman Widjaya,
Aurelia Sutedja
B. Limadiputra T. Leman,
Marcia Sutedja

President Director
Vice President Directors
Directors

Abdul Moeis
Supriadi, The Nicholas
Wira Tjendana, D. S. Chowdhry

6,072

2001

President Commissioner
Commissioners

Drs. Sidik Murdiono

Karman Widjaya,
Aurelia Wynn Sutedja,
Marcia Sutedja

President Director
Vice President Directors
Directors

Abdul Moeis
Ng Djoen Khiung, The Nicholas
Devendra Singh Chowdhry,
Sjambiri Lioe

6,048

2002

President Commissioner
Commissioners

Drs. Sidik Murdiono

Karman Widjaya,
Aurelia Wynn Sutedja,
Marcia Sutedja

President Director
Vice President Directors
Directors

Abdul Moeis
Ng Djoen Khiung, The Nicholas
Devendra Singh Chowdhry,
Sjambiri Lioe

5,408

2003

President Commissioner
Commissioners

Drs. Sidik Murdiono

Karman Widjaya,
Aurelia Wynn Sutedja,
Marcia Sutedja

President Director
Vice President Directors
Directors

Abdul Moeis
Ng Djoen Khiung, The Nicholas
Devendra Singh Chowdhry,
Sjambiri Lioe

5,408

2004

President Commissioner
Commissioners

Drs. Sidik Murdiono

Karman Widjaja, Marcia Sutedja,
Letjend. TNI (Purn) Toni Hartono,
DR. Tjiptono Darmadji

President Director
Directors

The Nicholas
Gunawan Taslim
Fendy Nagasaputra

5,765

2005

President Commissioner
Commissioners

Drs. Sidik Murdiono

Karman Widjaja, Marcia Sutedja,
Letjend. TNI (Purn) Toni Hartono,
DR. Tjiptono Darmadji

President Director
Directors

The Nicholas
Narendra Kumar Sharda,
Arun Taneja

3,828

2006

President Commissioner
Commissioners

Drs. Sidik Murdiono

Karman Widjaja, Marcia Sutedja,
Letjend. TNI (Purn) Toni Hartono,
Doddy Soepardi Haroen Al Rasyid

President Director
Directors

The Nicholas
Sjambirie Lioe
Arun Taneja

4,250

2007

President Commissioner
Commissioners

Drs. Sidik Murdiono

Karman Widjaja, Marcia Sutedja,
Letjend. TNI (Purn) Toni Hartono,
Doddy Soepardi Haroen Al Rasyid

President Director
Directors

The Nicholas
Yohanes Susanto, Ronny Kurniawan,
Marlo Budiman

3,515

2008

President Commissioner
Commissioners

Drs. Sidik Murdiono

Karman Widjaja, Marcia Sutedja,
Letjend. TNI (Purn) Toni Hartono,
Doddy Soepardi Haroen Al Rasyid

President Director
Directors

The Nicholas
Yohanes Susanto, Agus Nugroho Santoso,
Hong Jung Kwang

4,944

2009

President Commissioner
Commissioners

Drs. Sidik Murdiono

Karman Widjaja
Marcia Sutedja
Letjend. TNI (Purn) Toni Hartono
Doddy Soepardi Haroen Al Rasyid

President Director
Directors

Drs. Sidik Murdiono

Karman Widjaja
Marcia Sutedja
Letjend. TNI (Purn) Toni Hartono
Doddy Soepardi Haroen Al Rasyid

4,944

(million rupiah)
2001

1998

1999

2000

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

2,703,471
545,163

2,430,372
355,152

2,640,790
530,628

97,062

58,598

152,603

393,895

400,315

529,290

599,818

Liabilities
Current Liabilities
of which
Short-term debt
Bank loans
Bank borrowings
Trade payables
Taxes payable
Accrued expenses
Current maturities of
long-term debt
Long-term Liabilities
Non-current Liabilities
Minority Interests in Subsidiaries

2,729,212
2,709,210

2,394,059
2,351,670

3,027,587
2,457,599

3,265,839
2,682,998

374,486

509,409
257,830

320,606
213,279

347,505
242,966

1,447,751
20,010

1,264,738
42,389

1,512,463
569,988

1,651,664
582,841

(8)

(25,741)
132,353

36,313
132,353

(386,798)
132,353

(554,308)
132,353

Shareholders' Equity
Paid-up capital
Paid-up capital
in excess of par value
Revaluation of fixed assets
Retained earnings (accumulated loss)
Net Sales
Cost of Good Sold
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Profit (Loss) before Taxes
Profit (Loss) after Taxes

2002

2003

2004

2005

2,711,531
623,526

2,265,174
482,599

2,125,970
403,858

1,759,150
447,671

1,954,646
450,262

139,760

14,527

18,574

8,363
7,482

107,840

76,294

99,716

93,346

110,272

90,944

100,562

128,900

273,430

200,763

268,510

368,059

337,625
1,782,575

243,585
1,722,112

286,419
1,311,479

285,269
1,504,384

1,764,413

1,674,905

1,580,872

1,488,187

1,393,243

1,319

1,244,332

1,411,050

n.a
387,199

n.a
387,199

62,232
n.a

87,751
n.a

2,277,499
1,417,648

2,127,776
1,382,361

1,983,059
1,395,984

2,170,119
1,573,533

222,687
1,578
141,967

301,298
831
72,137

368,387
1,013
77,261

500,188
263
96,064

859,851

745,415

587,075

596,586

(12,325)
132,353

(1,806)
132,353

(223,909)
132,353

(215,473)
132,353

797,690

115,673

115,673

115,673

115,673

(273,767)

(211,713)

(634,824)

(802,334)

115,673
965,632
(1,225,983)

115,673
965,632
(1,215,464)

115,673
965,632
(1,437,567)

115,673
1,188,375
(1,651,874)

1,510,996
964,201
546,795
101,124
445,671
(1,169,884)
(724,213)
(781,618)

1,084,571
933,374
151,197
78,909
72,288
11,214
83,502
62,141

1,089,820
813,407
276,413
73,132
203,281
(800,098)
(596,817)
(423,232)

1,202,077
1,038,445
163,632
68,916
94,716
(335,149)
(240,432)
(167,511)

1,033,464
976,267
57,197
68,143
(10,946)
239,543
228,597
545,813

1,028,794
1,036,890
(8,096)
70,209
(78,305)
10,920
(67,385)
14,923

982,371
1,017,993
(35,622)
58,358
(93,980)
(250,025)
(344,005)
(233,324)

932,535
963,724
(31,189)
56,054
(87,243)
(152,436)
(239,679)
(214,141)

Per Share Data (Rp)

Earnings per Share
Equity per Share
Dividend per Share
Closing Price

(2,953)
(97)
350

235
137
1,225

(1,599)
(1,461)
1,400

(633)
(2,094)
900

2,062
(47)
n.a
700

56
(7)
n.a
1,300

(881)
(846)
n.a
1,325

(809)
(814)
n.a
1,300

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

(0.12)
(3.60)
-

5.22
8.93
-

(0.88)
(0.96)
-

(1.42)
(0.43)
-

0.34
(15.03)
n.a
n.a

23.06
(190.50)
n.a
n.a

(1.50)
(1.57)
n.a
n.a

(1.61)
(1.60)
n.a
n.a

0.20
n.a.
1.01
0.36
0.29
n.a.
3.53
0.56
(28.91)
n.a.

0.15
65.93
0.99
0.14
0.07
0.06
4.65
0.45
2.56
171.13

0.22
n.a.
1.15
0.25
0.19
n.a.
3.03
0.41
(16.03)
(109.42)

0.23
n.a.
1.20
0.14
0.08
n.a.
2.82
0.44
(6.18)
(30.22)

0.34
n.a
1.01
0.06
n.a
0.53
2.89
0.46
24.10
4,428.54

0.29
n.a
1.00
n.a
n.a
0.01
4.26
0.48
0.70
826.13

0.32
n.a
1.13
n.a
n.a
n.a
3.55
0.56
(13.26)
(104.21)

0.29
n.a
1.11
n.a
n.a
n.a
3.38
0.48
(10.96)
(99.38)

2000
8.66
(1,165.18)
0.48
(781.08)

2001
2.68
43.31
10.30
(60.42)

2002
(16.46)
(97.78)
(14.03)
(425.84)

2003
(6.15)
(85.35)
(0.45)
(97.27)

2004
(17.25)
12,298.06
(4.51)
(1,663.52)

2005
11.11
(3.77)
(5.07)
(8.22)

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/Income
Net Provit

1998

1999
(10.10)
(241.07)
(28.22)
(107.95)

Summary of Financial Statement

PT. ARGO PANTES TBK.

2006

(millionrupiah)
2007

2008

TotalAssets
CurrentAssets
ofwhich
Cashandcashequivalents
Tradereceivables
Inventories
NonCurrentAssets
ofwhich
FixedAssetsNet
DefferedTaxAssetsNet
Investments

1,960,252
351,138

1,866,001
409,479

1,724,241
325,336

5,071
138,282
187,291
1,609,114

8,564
138,579
247,620
1,456,522

16,556
83,978
189,563
1,398,905

1,421,908
64,661
114,025

1,350,253
n.a
95,929

Liabilities
CurrentLiabilities
ofwhich
Tradepayables
Taxespayable
Accruedexpenses
NonCurrentLiabilities

2,101,437
1,177,350

1,565,031
731,247

1,611,773
694,512

111,213
207
69,973
924,087

188,660
2,239
38,061
833,784

185,223
260
30,696
917,261

(141,185)
132,353

300,970
167,779

112,468
167,779

115,673
1,280,539
(1,669,749)

701,545
1,280,539
(1,848,893)

701,545
1,280,539
(2,037,395)

928,350
958,271
(29,921)
53,559
(83,479)
6,777
(76,702)
(17,823)

1,045,370
1,019,265
26,104
58,682
(32,577)
(88,009)
(120,587)
(179,144)

1,091,776
1,140,787
(49,011)
74,567
(123,578)
(148,664)
(272,242)
(188,504)

PerShareData(Rp)
EarningsperShare
EquityperShare
DividendperShare
ClosingPrice

(67)
(533)
n.a
1,300

(534)
897
n.a
1,300

(562)
335
n.a
1,300

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

(19.31)
(2.44)
n.a
n.a

(2.44)
1.45
n.a
n.a

(2.31)
3.88
n.a
n.a

CurrentRatio(x)
DebttoEquity(x)
LeverageRatio(x)
GrossProfitMargin(x)
OperatingProfitMargin(x)
NetProfitMargin(x)
InventoryTurnover(x)
TotalAssetsTurnover(x)
ROI(%)
ROE(%)

0.30
0.56
0.47
n.a 5.20 14.33
1.07
0.84
0.93
n.a
n.a
n.a
n.a
n.a
n.a
n.a
n.a
n.a
5.12
4.12
6.02
0.47
0.56
0.63
(0.91)
(9.60)
(10.93)
(12.62)
(59.52)
(167.61)

Shareholders'Equity
Paidupcapital
Paidupcapital
inexcessofparvalue
Revaluationoffixedassets
Retainedearnings(accumulatedloss)
NetSales
CostofGoodsSold
GrossProfit
OperatingExpenses
OperatingProfit(Loss)
OtherIncome(Expenses)
ProfitbeforeTaxes
ProfitafterTaxes

PER=3.35x;PBV=5.67x(June2009)
FinancialYear:December31
PublicAccountant:PaulHadiwinata,Hidajat,Arsono&Co.(2007);
RamaWendra(2008)

184,509
42,469
60,129