PT Alkindo Naratama Tbk.

Paper and Allied Products

Head Office/Factory Kawasan Industri Cimareme Summary of Financial Statement

Jl. Industri Cimareme II No. 14
Padalarang, Bandung 40553 (Million Rupiah)
Phone (022) 601-1220, 602-8277 2009 2010 2011
Fax (022) 603-6489, 600-4508 Total Assets 106,387 134,599 164,523
E-mail: alikindo@alkindo.co.id Current Assets 62,432 74,732 84,638
of which
Website: http://www.alkindo.co.id Cash and cash equivalents 6,534 3,417 4,739
Business Paper Industry Processing and Marketing Trade receivables 40,800 47,591 50,617
Company Status PMDN Inventories 14,332 20,185 28,472
Non-Current Assets 43,954 59,867 79,885
of which
Financial Performance: The Company booked net Fixed Assets-Net 40,584 53,596 73,125
income at IDR 7.633 billion in 2011, increase by 47.08% from Deffered tax Assets 225 284 359
previous year income. This is supported by increase in net sale Liabilities 83,497 83,883 82,740
by 10.89% to IDR 244.8 billion. Current Liabilities 73,639 75,092 74,371
of which
Brief History: Alkindo was founded in 1989 as a paper Short term-debt 34,117 27,165 26,484
converting company, specializing in paper tubes that are used Trade payables 35,904 41,211 38,696
Taxes payable 348 1,471 1,523
specifically as textile yarn carrier. With more than 20 years of Current maturities of
experience in the industry, we only produce the highest quality long-term debts 3,194 3,807 5,083
Non-Current Liabilities 9,859 8,791 8,369
products possible.
Quality, after all, is always our priority. With that ex- Shareholders' Equity 22,889 50,716 81,783
Paid-up capital 5,000 26,000 55,000
perience, we have also managed to diversify our products to Paid-up capital
include paper core, edge protector and honeycomb. In fact, in excess of par value n.a n.a 16,451
Revaluation of fixed assets 3,686 5,324 99
Alkindo pioneered the manufacturing of honeycomb and is the Retained earnings (accumulated loss) 14,203 19,393 10,233
patent holder for Hexcell® in Indonesia. Net Sales 144,829 220,764 244,803
Cost of Goods Sold 126,652 186,620 204,013
Gross Profit 18,178 34,144 40,790
Operating Expenses 10,424 22,136 24,419
Operating Profit 7,753 12,008 16,371
Other Income (Expenses) ( 4,049) ( 2,901) ( 4,020)
Profit (Loss) before Taxes 3,704 9,108 12,351
Comprehensive Profit (Loss) 2,624 5,190 7,633

Per Share Data (Rp)

Earnings (Loss) per Share n.a n.a 14
Equity per Share n.a n.a 149
Dividend per Share n.a n.a n.a
Closing Price n.a n.a 370

Financial Ratios
PER (x) n.a n.a 26.66
PBV (x) n.a n.a 2.49
Dividend Payout (%) n.a n.a n.a
Dividend Yield (%) n.a n.a n.a

Current Ratio (x) 0.85 1.00 1.14

Leverage Ratio (x) 0.78 0.62 0.50
Gross Profit Margin (x) 0.13 0.15 0.17
Operating Profit Margin (x) 0.05 0.05 0.07
Net Profit Margin (x) 0.02 0.02 0.03
Inventory Turnover (x) 8.84 9.25 7.17
Total Assets Turnover (x) 1.36 1.64 1.49
ROI (%) 2.47 3.86 4.64
ROE (%) (11.46) (10.23) (9.33)

PER = 16,29x ; PBV = 2,14x (June 2012)

Financial Year: December 31
Public Accountant: Anwar & Co.

(million rupiah)
Jun-12 Dec-11

Total Assets 188,937 164,523

Current Assets 108,022 84,638
Non-Current Assets 80,915 79,885
Liabilities 99,172 82,740
Shareholders Shareholders' Equity 89,765 81,783
PT Golden Arista International 58.41% Net Sales * 144,359 121,126
Lili Mulyadi Sutanto 7.66% Profit after Taxes * 7,982 3,880
Herwanto Sutanto 4.48% ROI (%) 4.22 2.36
Erik Sutanto 2.18% ROE (%) 8.89 4.74

Public 27.27% * : In June

238 Indonesian Capital Market Directory 2012

PT Alkindo Naratama Tbk. Paper and Allied Products

Board of Commissioners Board of Directors

President Commissioner Lili Mulyadi Sutanto President Director Herwanto Sutanto
Commissioners Irene Sastroamijoyo, Directors Kuswara, Erik Sutanto
Drs. Gunaratna Andy Tanusasmita
Number of Employees 200

No Type of Listing Listing Date Trading Date Number of Shares Total Listed
per Listing Shares

1 First Issue 12-Jul-11 12-Jul-11 150,000,000 150,000,000

2 Company Listing 12-Jul-11 12-Jul-11 400,000,000 550,000,000

Underwriter
PT Erdhika Elit Sekuritas
Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization
Stock Price Shares Traded Trading Listed Market
Month High Low Close Volume Value Frequency Day Shares Capitalization
(Rp) (Rp) (Rp) (Thousand Shares) (Rp Million) (Rp Million)
January-11
February-11
March-11
April-11
May-11
June-11
July-11 335 230 305 140,965.00 40,039.00 4,253 14 550,000,000 167,750.00
August-11 355 270 300 134,791.00 41,008.00 6,000 19 550,000,000 165,000.00
September-11 390 280 375 160,454.00 54,480.00 4,075 20 550,000,000 206,250.00
October-11 420 355 400 142,077.00 55,493.00 5,879 21 550,000,000 220,000.00

November-11 495 375 435 203,020.00 87,798.00 10,149 22 550,000,000 239,250.00

December-11 450 340 370 148,886.00 58,201.00 7,716 21 550,000,000 203,500.00
January-12 500 345 475 162,690.00 69,033.00 6,828 21 550,000,000 261,250.00
February-12 550 475 495 145,932.00 73,790.00 11,964 21 550,000,000 272,250.00
March-12 500 400 420 151,571.00 67,421.00 12,943 21 550,000,000 231,000.00
April-12 425 395 410 178,777.00 73,105.00 12,058 20 550,000,000 225,500.00
May-12 420 330 360 137,237.00 50,610.00 9,097 21 550,000,000 198,000.00
June-12 380 340 350 11,789.00 40,538.00 5,804 21 550,000,000 192,500.00

Stock Price and Traded Chart

Institute for Economic and Financial Research 239