Argo Pantes Tbk ARGO

Company Report : July 2007 As of 31 July 2007

Development Board Individual Index : 32.663
Industry Sector : Miscellaneous Industry (4) Listed Shares : 335,557,450
Industry Sub-Sector : Textile, Garment (43) Market Capitalization : 436,224,685,000

Company History Dividend Announcement

Established Date : 12-July-1977 Bonus Cash Cum Ex Recording Payment
F/I
Listing Date : 07-January-1991 Year Shares Dividend Date Date Date Date
Under Writer IPO : 1991 100.00 06-Jul-92 07-Jul-92 14-Jul-92 12-Aug-92 F
PT Merincorp 1992 50.00 28-Jun-93 29-Jun-93 06-Jul-93 03-Aug-93 F
PT Bank Pembangunan Indonesia 1993 4:1 30.00 14-Jul-94 15-Jul-94 22-Jul-94 22-Aug-94 F
PT Asean Development Securities 1994 80.00 24-Jul-95 25-Jul-95 02-Aug-95 01-Sep-95 F
PT Danareksa 1995 80.00 11-Jul-96 12-Jul-96 22-Jul-96 19-Aug-96 F
Securities Administration Bureau : 1996 50.00 22-Jul-97 23-Jul-97 31-Jul-97 29-Aug-97 F
PT EDI Indonesia
Wisma SMR 10th Fl. Issued History
Jl. Yos Sudarso Kav. 89 Jakarta 14350 Listing Trading
Phone : 520-4855 Type of Listing Shares Date Date
Fax : 520-4883 1. First Issue 15,882,000 07-Jan-91 07-Jan-91
2. Partial Listing 8,000,000 07-Jan-91 08-Jul-91
Shareholders (July 2007) 3. Koperasi 300,000 18-Mar-93 01-Jan-01
1. Dharma Manunggal 98,500,000 29.35% 4. Bonus Shares 6,045,500 05-Sep-94 05-Sep-94
2. The Ning King 33,832,500 10.08% 5. Company Listing 102,125,000 24-Aug-95 24-Aug-95
3. Maximus Capital Pte. Ltd. 27,459,750 8.18% 6. Stock Split 132,352,500 30-Oct-97 30-Oct-97
4. PT Primasia Securities 18,600,000 5.54% 7. Additional Listing 70,852,450 08-Jun-07 08-Jun-07
without HMETD
Board of Commissioners
1. Sidik Murdiono
2. Doddy Soepardi Haroen Al *)
3. Karman Widjaja
4. Marcia Sutedja
5. Toni Hartono *)
*) Independent Commissioners

Board of Directors
1. The Nicholas
2. Marlo Budiman
3. Ronny Kurniawan
4. Yohanes Susanto

Audit Committee
1. Faisal

Corporate Secretary
Ronny Kurniawan

Head Office:
Wisma Argo Manunggal 16th Fl. Jl. Gatot Subroto Kav. 22 No. 95
Jakarta Selatan - 12930
Phone : (021) 252-0068, 252-0065
Fax : (021) 252-0029

Homepage : http://www.argo.co.id
Email : [email protected]; [email protected]

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Argo Pantes Tbk ARGO
Trading Activities
Composite Composite Index and Miscellaneous Industry Index Sectoral
January 2000 - July 2007 Stock Price Volume Value
Index Index
Month High Low Close Freq. (Thou.) (Rp Mill.) Day
2,700 420
Jan03 - - 700 - - - 22
Composite Stock Price Index Feb03 - - 700 - - - 19
2,250 350
Miscellaneous Industry Index Mar03 - - 700 - - - 20
1,800 280 Apr03 - - 700 - - - 20
May03 - - 700 - - - 19
1,350 210 Jun03 - - 700 - - - 21
Jul03 - - 700 - - - 23
900 140 Aug03 - - 700 - - - 20
Sep03 700 700 700 1 1 1 21
450 70
Oct03 925 700 875 16 2,459 1,730 23
Nov03 1,150 850 1,150 48 260 234 15
- -
Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07
Dec03 1,300 1,175 1,300 23 133 169 19
Jan00 - - - - - - -
Jan04 1,300 1,275 1,300 11 93 121 20
Feb04 1,300 1,250 1,300 9 155 191 18
Closing Closing Price and Trading Volume Volume
Mar04 1,300 1,275 1,275 22 253 325 22
Price*) January 2000 - July 2007 (Mill. Shares)
Apr04 1,325 1,275 1,325 17 81 105 20
1,800 30
May04 1,325 1,300 1,300 3 11 14 19
1,500 25
Jun04 1,300 1,300 1,300 2 8 10 21
Jul04 1,300 1,300 1,300 2 11 14 21
1,200 20 Aug04 - - 1,300 - - - 21
Sep04 1,300 1,300 1,300 2 18 23 20
900 15 Oct04 - - 1,300 - - - 21
Nov04 - - 1,300 - - - 17
600 10 Dec04 1,325 1,300 1,325 4 12,015 15,020 21
Jan00 - - - - - - -
300 5
Jan05 1,300 1,300 1,300 3 9 9 20
Feb05 1,300 1,300 1,300 1 3 3 18
- -
Mar05 - - 1,300 - - - 21
Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07
Apr05 - - 1,300 - - - 20
May05 - - 1,300 - - - 20
Jun05 - - 1,300 - - - 22
Closing Closing Price and Miscellaneous Industry Index Sectoral
Jul05 - - 1,300 - - - 21
Price*) January 2000 - July 2007 Index
Aug05 - - 1,300 - - - 22
1,800 420
Sep05 - - 1,300 - - - 21
1,500 350
Oct05 - - 1,300 - - - 21
Nov05 - - 1,300 - - - 17
1,200 280 Dec05 - - 1,300 - - - 20
Jan00 - - - - - - -
900 210 Jan06 - - 1,300 - - - 20
Feb06 - - 1,300 - - - 20
600 140 Mar06 - - 1,300 - - - 21
Closing Price
Apr06 - - 1,300 - - - 18
300 70 May06 - - 1,300 - - - 21
Miscellaneous Industry Index
Jun06 - - 1,300 - - - 22
- -
Jul06 - - 1,300 - - - 21
Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07
Aug06 - - 1,300 - - - 20
Sep06 - - 1,300 - - - 21
Shares Traded 2003 2004 2005 2006 Jul 07 Oct06 - - 1,300 - - - 17
Volume (Thou.) 2,852 12,644 11 0 0 Nov06 - - 1,300 - - - 22
Value (Million) 2,133 15,823 13 0 0 Dec06 - - 1,300 - - - 19
Frequency (X) 88 72 4 0 0 Jan00 - - - - - - -
Days 31 44 4 0 0 Jan07 - - 1,300 - - - 22
Feb07 - - 1,300 - - - 20
Price (Rupiah) Mar07 - - 1,300 - - - 21
High 1,300 1,325 1,300 0 0 Apr07 - - 1,300 - - - 20
Low 700 1,250 1,300 0 0 May07 - - 1,300 - - - 21
Close 1,300 1,325 1,300 1,300 1,300 Jun07 - - 1,300 - - - 20
Close * 1,300 1,325 1,300 1,300 1,300 Jul07 - - 1,300 - - - 22
Aug07 - - - - - - -
PER (X) 25.18 -1.50 -1.61 -19.31 -6.37 Sep07 - - - - - - -
PER Industry (X) 0.68 7.78 14.59 9.61 7.45 Oct07 - - - - - - -
PBV (X) 282.60 -1.57 -1.60 -2.44 0.98 Nov07 - - - - - - -
Dec07 - - - - - - -
*) Adjusted price after corporate action

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Argo Pantes Tbk ARGO
Financial Data and Ratios
Public Accountant : Paul Hadiwinata, Hidajat, Arsono & Co. Book End : December

BALANCE SHEET Dec-02 Dec-03 Dec-04 Dec-05 Dec-06 Jun-07

Assets and Liabilities
(Million Rp except Par Value) (Trillion Rp)
Cash & Cash Equivalents 14,527 18,574 8,363 7,482 5,071 7,989 2.50
Accounts Receivable 110,580 105,520 116,425 132,554 138,573 140,870 Assets Liabilities

2.00

Inventories 337,625 243,585 286,419 285,270 187,291 189,821

Current Assets 482,600 403,858 447,671 450,262 351,138 363,003 1.50

Fixed Assets 1,391,670 1,318,561 1,245,606 1,411,050 1,421,908 1,386,692

1.00
Other Assets 0 0 0 0 0 0
Total Assets 2,265,174 2,125,970 1,759,150 1,954,646 1,960,252 1,951,865
0.50
Growth (%) -6.15% -17.25% 11.11% 0.29% -0.43%
-
Current Liabilities 1,417,648 1,382,362 1,395,984 1,573,533 1,177,350 557,653 2002 2003 2004 2005 2006 Jun-07
Long Term Liabilities 859,850 742,391 587,075 596,586 924,087 948,314
Total Liabilities 2,277,498 2,124,752 1,983,059 2,170,119 2,101,437 1,505,967
Growth (%) -6.71% -6.67% 9.43% -3.16% -28.34% Total Equity
(Trillion Rp)
0.446
Minority Interest 0 0 0 0 0 0 0.45

Authorized Capital 500,000 500,000 500,000 50,000 500,000 500,000

Paid up Capital 132,353 132,353 132,353 132,353 132,353 167,779 0.31

Paid up Capital (Shares) 265 265 265 265 265 336

Par Value 500 500 500 500 500 500
0.18

Retained Earnings -1,015,014 -1,001,346 -1,237,694 -1,451,835 -1,469,658 -1,503,874

0.04 0.001
Total Equity -12,325 1,218 -223,909 -215,473 -141,185 445,898
Growth (%) N/A N/A 3.77% 34.48% N/A (0.09)
2002
(0.012) 2003 2004 2005 2006 Jun-07

(0.141)
INCOME STATEMENTS (Million Rp) (0.22)

(0.224) (0.215)
Total Revenues 1,033,464 1,028,794 982,371 932,535 928,350 505,112
Growth (%) -0.45% -4.51% -5.07% -0.45% -45.59%
Total Revenues
Expenses 976,267 1,036,890 1,017,993 963,724 958,271 499,263 (Trillion Rp)
Gross Profit 57,197 -8,096 -35,622 -31,189 -29,921 5,849 1.03 1.03
0.98
Operating Expenses 68,142 72,001 58,358 56,054 53,559 25,392
1.03
0.93 0.93

Operating Profit -10,946 -80,098 -93,980 -87,243 -83,479 -19,543 0.83

Growth (%) -631.78% -17.33% 7.17% 4.31% 76.59%

0.62

0.51
Other Income (Expenses) 239,542 10,920 -250,025 -152,436 6,777 -28,882
Income before Tax 228,597 -69,177 -344,005 -239,679 -76,702 -48,425 0.41

Tax 78,733 -7,700 -110,680 -25,538 -1,501 -14,209

0 0 0 0 0 0
0.21

Minority Interest
Net Income 545,813 13,668 -233,324 -214,141 -17,823 -34,216 -

Growth (%) -97.50% N/A 8.22% 91.68% -91.97% 2002 2003 2004 2005 2006 Jun-07

RATIOS
Current Ratio (%) 34.04 29.22 32.07 28.61 29.82 65.09 Total Income
(Billion Rp)
Dividend (Rp) - - - - - -
546
EPS (Rp) 2,061.97 51.64 (881.45) (808.98) (67.33) (101.97) 545.81

BV (Rp) (46.56) 4.60 (845.88) (814.01) (533.37) 1,328.83

DAR (X) 1.01 1.00 1.13 1.11 1.07 0.77 389.99

DER(X) (184.79) 1,744.89 (8.86) (10.07) (14.88) 3.38

ROA (%) 10.09 (3.25) (19.56) (12.26) (3.91) (2.48) 234.16

ROE (%) (1,854.79) (5,680.98) 153.64 111.23 54.33 (10.86)

78.33
14
GPM (%) 5.53 (0.79) (3.63) (3.34) (3.22) 1.16
OPM (%) (1.06) (7.79) (9.57) (9.36) (8.99) (3.87) (77.50) 2002 2003 2004 2005 2006
(18) Jun-07
(34)
NPM (%) 52.81 1.33 (23.75) (22.96) (1.92) (6.77)
Payout Ratio (%) - - - - - - (233.32)

(233) (214)
Yield (%) - - - - - -

Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or of the
institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be by any person
relied upon as the basis for taking any action or making any decision. The Jakarta Stock Exchange cannot be held liable or otherwise responsible in anyway for any advice action taken or
decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
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