ARGO Argo Pantes Tbk.

COMPANY REPORT : JULY 2014

As of 25 July 2014

Development Board
Industry Sector : Miscellaneous Industry (4)
Industry Sub Sector : Textile, Garment (43)

Individual Index
:
Listed Shares
:
Market Capitalization :

28.894
335,557,450
385,891,067,500

375 | 0.39T | 0.008% | 99.61%

460 | 0.0001T | 0.00002% | 99.9999%

COMPANY HISTORY
Established Date
: 12-Jul-1977
Listing Date
: 07-Jan-1991
Under Writer IPO :
PT Merincorp
PT Bank Pembangunan Indonesia
PT Asean Development Securities
PT Danareksa
Securities Administration Bureau :
PT EDI Indonesia
Wisma SMR 10th Fl.
Jln. Yos Sudarso Kav. 89 Jakarta 14350
Phone : (021) 650-5829, 652-1010
Fax
: (021) 650-5987
BOARD OF COMMISSIONERS
1. Sidik Murdiono
2. Doddy Soepardi Haroen Al Rasjid *)
3. Karman Widjaya
4. The Nicholas
5. Toni Hartono *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Gunarso Budiman
2. Deepak Anand
3. Surjanto Purnadi
4. Yohanes Susanto
AUDIT COMMITTEE
1. Toni Hartono
2. Faisal
3. Widi Hermansyah
CORPORATE SECRETARY
Siboy Sulaeman
HEAD OFFICE
Jln. M.H. Thamrin Km. 4
Cikokol, Tangerang - 15117
Phone : (021) 557-53838
Fax
: (021) 557-74458
Homepage
Email

: www.argo.co.id
: corp-secretary@argopantes.com

SHAREHOLDERS (July 2014)

1. PT Manunggal Prime Development
2. Maximus Capital Pte. Ltd.
3. The Ning King
4. Dharma Manunggal
5. Public (<5%)

23,683,000
27,459,750
33,832,500
98,500,000
152,082,200

DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
1991
1992
1993
1994
1995
1996

Shares

4:1

Dividend
100.00
50.00
30.00
80.00
80.00
50.00

Cum Date
06-Jul-92
28-Jun-93
14-Jul-94
24-Jul-95
11-Jul-96
22-Jul-97

Ex Date
07-Jul-92
29-Jun-93
15-Jul-94
25-Jul-95
12-Jul-96
23-Jul-97

Recording
Date
14-Jul-92
06-Jul-93
22-Jul-94
02-Aug-95
22-Jul-96
31-Jul-97

:
:
:
:
:

7.06%
8.18%
10.08%
29.35%
45.33%

Payment
Date
12-Aug-92
03-Aug-93
22-Aug-94
01-Sep-95
19-Aug-96
29-Aug-97

F/I
F
F
F
F
F
F

ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.

Type of Listing
First Issue
Partial Listing
Koperasi
Bonus Shares
Company Listing
Stock Split
Additional Listing without RI

Shares
15,882,000
8,000,000
300,000
6,045,500
102,125,000
132,352,500
70,852,450

Listing
Date
07-Jan-91
07-Jan-91
18-Mar-93
05-Sep-94
24-Aug-95
30-Oct-97
08-Jun-07

Trading
Date
07-Jan-91
08-Jul-91
01-Jan-01
05-Sep-94
24-Aug-95
30-Oct-97
08-Jun-07

ARGO Argo Pantes Tbk.

Closing
Price*

Volume
(Mill. Sh)

1,400

24.0

1,225

21.0

1,050

18.0

875

15.0

700

12.0

525

9.0

350

6.0

175

3.0

Jan-10

Jan-11

Jan-12

Jan-13

Jan-14

Closing Price*, Jakarta Composite Index (IHSG) and

Miscellaneous Industry Index
January 2010 - July 2014
150%
125%

119.5%

100%

97.6%

75%
50%
25%
-11.5%
-25%
-50%

Jan 10

Jan 11

Jan 12

Jan 13

Jan 14

SHARES TRADED

2010

2011

2012

2013

Jul-14

Volume (Million Sh.)

Value (Billion Rp)
Frequency (Thou. X)
Days

26
32
0.004
4

0.1
0.1
0.02
11

10
10
0.2
24

4
4
0.01
10

0.1
0.1
0.006
4

Price (Rupiah)
High
Low
Close
Close*

1,300
1,300

1,100
900
1,100
1,100

1,300
900
1,000
1,000

1,200
990
1,200
1,200

1,200
1,100
1,150
1,150

-3.40
12.24
3.57

-2.42
18.33
1.52

-3.53
18.64
2.15

-1.60
9.65
2.34

-3.49
PER (X)
16.08
PER Industry (X)
2.06
PBV (X)
* Adjusted price after corporate action

Closing Price

Freq.

Volume

Value

Day

TRADING ACTIVITIES

Closing Price* and Trading Volume

Argo Pantes Tbk.
January 2010 - July 2014

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

High
-

Low
-

Close
1,300
1,300
1,300
1,300
1,300
1,300
1,300
1,300
1,300
1,300
1,300
1,300

(X)
1
1
1
1
-

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

1,020
900
1,100
1,100
-

900
900
900
1,100
-

1,300
900
900
900
900
900
1,100
1,100
1,100
1,100
1,100
1,100

1
8
2
4
1
-

19
63
15
15
5
-

24
62
14
15
6
-

1
4
2
3
1
-

Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12

1,100
1,090
1,300
1,000
1,000
-

990
900
900
1,000
1,000
-

1,100
1,090
1,070
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

55
59
122
3
2
1
1

550
541
1,008
65
5,477
5
2,228

574
555
1,009
65
5,477
5
2,785

1
4
12
3
2
1
1

Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13

1,000
990
990
1,000
1,200
-

990
990
990
1,000
1,200
-

1,000
1,000
990
990
990
1,000
1,000
1,000
1,000
1,000
1,200
1,200

1
1
7
2
1
1
1
-

268
10
949
20
6
20
2,228
-

268
10
946
20
6
20
2,674
-

1
1
3
2
1
1
1
-

Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14

1,200
1,150
-

1,200
1,100
-

1,200
1,150
1,150
1,150
1,150
1,150
1,150

1
2
3
-

0.2
122
5
-

0.2
137
0.4
-

1
1
2
-

(Thou. Sh.) (Million Rp)

2,238
2,909
0.3
0.2
0.3
0.2
23,600
29,500
-

1
1
1
1
-

ARGO Argo Pantes Tbk.

Financial Data and Ratios

Book End : December

Public Accountant : Anwar & Rekan (Member of DFK International)

BALANCE SHEET

Dec-09

Dec-10

Dec-11

Dec-12

Sep-13

13,949

20,832

28,464

15,282

27,168

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

(Million Rp except Par Value)

Cash & Cash Equivalents

Assets

Receivables

51,978

47,397

55,849

62,840

105,508

Inventories

105,178

117,243

190,316

300,496

274,413

Current Assets

185,542

197,514

301,305

392,895

415,464

1,204,028

1,214,647

1,393,434

1,403,820

1,629,120

Fixed Assets
Other Assets
Total Assets

1,275

125

2,700

2,640

3,768

3,652

1,428,234

1,709,908

1,809,814

2,055,755

-2.25%

19.72%

5.84%

13.59%

425
-

284,959

324,297

290,788

498,085

787,711

Long Term Liabilities

1,139,375

892,032

1,058,831

1,090,263

1,080,476

Total Liabilities

1,424,333

1,216,330

1,349,618

1,588,348

1,868,187

-14.60%

10.96%

17.69%

17.62%

Current Liabilities

1,700

1,461,056

Growth (%)

Growth (%)

Liabilities

2,125

850

2009

2010

2011

2012

Sep-13

TOTAL EQUITY (Bill. Rp)

Authorized Capital

500,000

500,000

500,000

500,000

500,000

Paid up Capital

167,779

167,779

167,779

167,779

167,779

Paid up Capital (Shares)

336

336

336

336

336

Par Value

500

500

500

500

500

-1,913,050

-700,493

-1,474,807

-1,593,776

-1,679,332

36,723

211,904

360,290

221,466

187,568

477.04%

70.02%

-38.53%

-15.31%

Retained Earnings
Total Equity

Growth (%)
INCOME STATEMENTS

Dec-09

Dec-10

Dec-11

Dec-12

Sep-13

Total Revenues

754,957

664,257

848,287

1,001,453

957,617

-12.01%

27.70%

18.06%

Growth (%)
837,449

660,577

918,569

1,105,381

977,023

-82,492

3,680

-70,282

-103,928

-19,406

44,698

27,589

74,485

-22,386

55,395

-127,190

-23,909

-144,767

-81,542

-74,802

81.20%

-505.49%

43.67%

29,307

82,114

-51,387

-63,460

-39,335

Income before Tax

-97,883

58,205

-196,154

-145,002

-114,137

Tax

-22,139

183,221

-55,756

-26,032

-28,581

Profit for the period

-75,744

-125,016

-140,398

-118,970

-85,556

-65.05%

-12.30%

15.26%

Growth (%)

Growth (%)

188

140

66

37

2010

2011

2012

Sep-13

TOTAL REVENUES (Bill. Rp)

1,001
1,001

958

848
797

Other Income (Expenses)

221

212
213

2009

Gross Profit
Operating Profit

287

-7

Cost of Revenues
Expenses (Income)

360
360

755
664

593

389

184

Period Attributable
Comprehensive Income
Comprehensive Attributable

RATIOS
Current Ratio (%)

-125,016

-140,398

-118,970

-85,556

-75,744

-125,017

-241,059

-138,824

-33,899

-125,017

-241,059

-138,824

-85,556

Dec-09

Dec-10

Dec-11

Dec-12

Sep-13

65.11

60.91

103.62

78.88

52.74

Dividend (Rp)

EPS (Rp)

-372.56

-418.40

-354.54

-254.97

109.44

631.50

1,073.71

660.00

558.97

DAR (X)

0.97

0.85

0.79

0.88

0.91

DER(X)

38.79

5.74

3.75

7.17

9.96

BV (Rp)

ROA (%)

-5.18

-8.75

-8.21

-6.57

-4.16

ROE (%)

-206.26

-59.00

-38.97

-53.72

-45.61

GPM (%)

-10.93

0.55

-8.29

-10.38

-2.03

OPM (%)

-16.85

-3.60

-17.07

-8.14

-7.81

NPM (%)

-10.03

-18.82

-16.55

-11.88

-8.93

Payout Ratio (%)

Yield (%)

-20

2009

2010

2011

2012

Sep-13

PROFIT FOR THE PERIOD (Bill. Rp)

14

2009

2010

2011

2012

Sep-13

-17

-48

-79

-76

-86

-110

-140

-119

-125
-140