BISI

Bisi International Tbk. [S]

COMPANY REPORT : JULY 2014

As of 25 July 2014

Main Board
Industry Sector : Agriculture (1)
Industry Sub Sector : Crops (11)

Individual Index
:
Listed Shares
:
Market Capitalization :

260.000
3,000,000,000
1,560,000,000,000

240 | 1.56T | 0.03% | 97.43%

193 | 0.17T | 0.02% | 98.95%

COMPANY HISTORY
Established Date
: 22-Jun-1983
Listing Date
: 28-May-2007
Under Writer IPO :
PT Indopremir Securities
Securities Administration Bureau :
PT Adimitra Transferindo
Plaza Property 2nd Fl. Komp. Pertokoan Pulomas Blok VIII No. 1

Jln. Perintis Kemerdekaan Jakarta 13210

Phone : (021) 478-81515 (Hunting)
Fax
: (021) 470-9697
BOARD OF COMMISSIONERS
1. Jialipto Jiaravanon
2. Burhan Hidayat *)
3. Tjiu Thomas Effendy
*) Independent Commissioners
BOARD OF DIRECTORS
1. Jemmy Eka Putra
2. Ir. Putu Darsana
3. Ir. Sunardi
4. Joseph Suprijanto
5. Setiadi Setiokusumo
AUDIT COMMITTEE
1. Burhan Hidayat
2. Budi Loemaksono
3. Haryjanto Sutrisno
CORPORATE SECRETARY
Setiadi Setiokusumo
HEAD OFFICE
Jln. Raya Surabaya - Mojokerto Km. 19,
Bringinbendo, Taman,
Sidoarjo - 61257
Phone : (031) 788-2528
Fax
: (031) 788-6868
Homepage
Email

: www.bisi.co.id
: setiadi.setiokusumo@bisi.co.id

SHAREHOLDERS (July 2014)

1. Midsummer Limited
2. PT Agrindo Pratama
3. Public (<5%)

692,344,000 :
930,000,000 :
1,377,656,000 :

DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2010
2011
2012
2013

Shares

Dividend
10.00
10.00
10.00
12.00

Cum Date
27-Jun-11
18-Jun-12
28-Jun-13
30-Jun-14

Ex Date
28-Jun-11
19-Jun-12
01-Jul-13
01-Jul-14

Recording
Date
01-Jul-11
21-Jun-12
03-Jul-13
03-Jul-14

23.08%
31.00%
45.92%

Payment
Date
14-Jul-11
05-Jul-12
17-Jul-13
18-Jul-14

F/I
F
F
F
F

ISSUED HISTORY
No. Type of Listing
1. First Issue
2. Company Listing

Shares
900,000,000
2,100,000,000

Listing
Date
28-May-07
28-May-07

Trading
Date
28-May-07
11-Jan-08

BISI

Bisi International Tbk. [S]

Closing
Price*

Volume
(Mill. Sh)

2,800

160

2,450

140

2,100

120

1,750

100

1,400

80

1,050

60

700

40

350

20

Jan-10

Jan-11

Jan-12

Jan-13

Jan-14

Closing Price*, Jakarta Composite Index (IHSG) and

Agriculture Index
January 2010 - July 2014
125%
100%

97.6%

75%
50%
25%

24.1%

-25%
-50%
-61.5%
-75%

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

750
1,308
92
245

1,001
1,330
113
247

1,081
1,123
94
246

1,007
816
87
244

283
171
47
137

Price (Rupiah)
High
Low
Close
Close*

2,750
1,060
1,870
1,870

1,920
840
910
910

1,430
720
790
790

1,040
540
560
560

725
505
520
520

18.43
1.79
2.13

18.32
33.17
1.72

11.10
20.59
1.15

30.33
16.01
1.06

39.10
PER (X)
0.14
PER Industry (X)
4.84
PBV (X)
* Adjusted price after corporate action

Closing Price

Freq.

Volume

Value

Day

TRADING ACTIVITIES

Closing Price* and Trading Volume

Bisi International Tbk. [S]
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
1,650
1,670
1,540
1,830
1,790
1,450
1,590
1,810
2,750
2,450
2,400
2,175

Low
1,340
1,370
1,380
1,450
1,060
1,250
1,310
1,420
1,720
2,050
1,990
1,850

Close
1,540
1,380
1,480
1,810
1,280
1,340
1,470
1,700
2,250
2,350
1,990
1,870

(X)
17,137
6,866
5,851
7,397
4,565
3,267
7,119
9,538
12,289
9,580
3,599
4,417

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

1,920
1,420
1,800
1,870
1,710
1,610
1,580
1,490
1,270
1,100
1,010
940

1,320
1,160
1,230
1,640
1,530
1,270
1,240
1,100
900
870
840
860

1,380
1,230
1,730
1,670
1,560
1,300
1,450
1,240
1,000
1,020
860
910

6,249
6,284
15,299
7,802
8,351
8,713
20,101
13,842
6,447
10,253
5,007
4,762

30,430
43,510
136,633
65,481
45,030
75,376
232,091
137,410
42,460
102,744
47,943
41,998

47,618
53,777
199,378
115,836
72,883
103,571
331,721
173,230
47,322
102,562
43,956
37,816

21
18
23
20
21
20
21
19
20
21
22
21

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

990
1,000
950
880
900
830
1,430
1,230
1,170
1,180
1,070
920

900
870
840
800
740
720
790
1,010
1,040
1,060
860
790

910
920
860
840
780
790
1,180
1,080
1,090
1,070
880
790

4,026
5,294
4,777
7,556
5,946
3,488
25,992
11,809
7,981
7,668
5,196
4,539

36,716
51,184
40,972
77,979
87,441
41,309
352,703
126,720
90,270
82,986
52,373
40,338

34,657
48,680
36,687
65,861
72,761
32,022
413,095
142,958
99,572
92,200
49,875
34,860

21
21
21
20
21
21
22
19
20
22
20
18

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

890
860
1,040
880
860
860
720
670
680
660
630
620

780
790
790
730
710
640
610
540
590
600
550
550

800
810
860
740
820
680
620
600
610
610
560
560

5,547
6,243
18,918
9,468
9,040
6,426
5,030
6,053
11,679
2,655
4,338
1,661

47,724
84,473
337,495
113,165
139,155
68,062
45,079
42,683
78,657
19,801
19,946
10,359

39,908
69,131
314,241
92,355
111,126
52,140
30,235
26,110
50,746
12,358
11,768
6,007

21
20
19
22
22
19
23
17
21
21
20
19

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

590
660
725
700
635
575
560

525
505
640
575
545
505
510

530
650
660
615
545
520
520

3,515
10,175
9,455
6,955
5,960
6,241
4,255

10,656
68,516
66,213
37,982
33,840
36,289
29,978

5,802
40,805
45,127
24,274
19,738
19,282
15,930

20
20
20
20
18
21
18

(Thou. Sh.) (Million Rp)

191,427
290,156
58,500
88,066
44,553
64,507
55,847
89,351
23,758
34,390
15,199
20,634
53,407
78,217
76,421
126,551
99,834
224,598
73,430
170,831
23,703
52,347
34,207
68,185

20
19
22
21
19
22
22
21
17
21
21
20

BISI

Bisi International Tbk. [S]

Financial Data and Ratios

Book End : December

Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
Dec-10

Dec-11

Dec-12

Dec-13

Jun-14

69,518

248,531

126,125

130,843

125,525

Receivables

432,666

427,923

402,359

568,343

476,795

Inventories

462,402

523,299

744,730

693,081

772,084

Current Assets

983,905

1,216,417

1,304,154

1,409,031

1,403,742

Fixed Assets

259,304

256,350

253,165

249,245

248,267

BALANCE SHEET

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

(Million Rp except Par Value)

Cash & Cash Equivalents

Other Assets
Total Assets

Assets

Current Liabilities
Long Term Liabilities
Total Liabilities

1,400
1,050

10,391

9,594

11,236

12,845

13,038

1,363,277

1,518,534

1,587,603

1,712,683

1,726,578

11.39%

4.55%

7.88%

0.81%

350

116,260

200,115

161,466

184,612

205,329

31,853

39,065

47,433

52,326

55,780

148,113

239,180

208,899

236,938

261,109

61.48%

-12.66%

13.42%

10.20%

Growth (%)

Growth (%)

Liabilities

1,750

700

2010

2011

2012

2013

Jun-14

TOTAL EQUITY (Bill. Rp)

Authorized Capital

400,000

400,000

400,000

400,000

400,000

Paid up Capital

300,000

300,000

300,000

300,000

300,000

3,000

3,000

3,000

3,000

3,000

100

100

100

100

100

Paid up Capital (Shares)

Par Value
Retained Earnings
Total Equity

769,434

885,561

984,882

1,081,907

1,071,620

1,160,282

1,279,354

1,378,704

1,475,745

1,465,469

10.26%

7.77%

7.04%

-0.70%

Growth (%)
INCOME STATEMENTS

Dec-10

Dec-11

Dec-12

Dec-13

Jun-14

Total Revenues

894,865

998,656

866,269

1,056,361

467,700

11.60%

-13.26%

21.94%

Growth (%)

1,160

1,279

1,379

1,476

1,465

2013

Jun-14

1,175

874

573

272

-30

2010

Cost of Revenues

527,547

582,596

477,280

608,481

Gross Profit

367,318

416,060

388,989

447,880

141,209

Expenses (Income)

180,987

234,243

226,317

296,440

111,509

Operating Profit

186,331

181,817

162,672

151,440

29,700

-2.42%

-10.53%

-6.90%

Growth (%)

1,476

2011

2012

326,491
TOTAL REVENUES (Bill. Rp)
1,056

999

1,056

895

866

841

Other Income (Expenses)

Income before Tax
Tax
Profit for the period

-9,892

9,332

6,724

4,795

2,615

176,439

191,149

169,396

156,235

32,315

26,139

43,014

40,046

29,194

6,591

150,300

148,135

129,350

127,041

25,724

-1.44%

-12.68%

-1.79%

Growth (%)

625

468
410

194

129,321

127,025

25,713

143,489

148,135

129,350

127,041

25,724

129,321

127,025

25,713

Dec-10

Dec-11

Dec-12

Dec-13

Jun-14

846.30

607.86

807.70

763.24

683.66

10.00

10.00

10.00

12.00

43.11

42.34

8.57

BV (Rp)

386.76

426.45

459.57

491.92

488.49

DAR (X)

0.11

0.16

0.13

0.14

0.15

DER(X)

0.13

0.19

0.15

0.16

0.18

Period Attributable
Comprehensive Income
Comprehensive Attributable

RATIOS
Current Ratio (%)
Dividend (Rp)
EPS (Rp)

ROA (%)

11.02

9.76

8.15

7.42

1.49

ROE (%)

12.95

11.58

9.38

8.61

1.76

GPM (%)

41.05

41.66

44.90

42.40

30.19

OPM (%)

20.82

18.21

18.78

14.34

6.35

NPM (%)

16.80

14.83

14.93

12.03

5.50

23.20

28.34

1.27

2.14

Payout Ratio (%)

Yield (%)

0.53

1.10

-21

2010

2011

2012

2013

Jun-14

PROFIT FOR THE PERIOD (Bill. Rp)

150

148

150

129

127

120

89

58

26
28

-3

2010

2011

2012

2013

Jun-14