Polychem Indonesia Tbk ADMG

Company Report : July 2008 As of 31 July 2008

Development Board Individual Index : 23.654
Industry Sector : Miscellaneous Industry (4) Listed Shares : 3,889,179,559
Industry Sub Sector : Textile, Garment (43) Market Capitalization : 1,030,632,583,135

COMPANY HISTORY SHAREHOLDERS (July 2008)

Established Date : 25-Apr-1986 1. Primevantage Limited (Bvi) 3,182,214,976 8.10%
Listing Date : 20-Oct-1993 2. PT Gajah Tunggal Tbk 1,124,280,000 28.91%
Under Writer IPO : 3. PT Satya Mulia Gema Gemilang 965,755,417 24.83%
PT Credit Lyonnais Capital Indonesia 4. HSBC Trustee (Singapore) Limited 669,418,000 17.21%
Securities Administration Bureau : 5. PT Agung Ometraco Muda 422,761,559 10.87%
PT Datindo Entrycom
Wisma Dinners Club Annex DIVIDEND ANNOUNCEMENT
Jl. Jend. Sudirman Kav. 34 - 35 Jakarta 10220 Bonus Cash Cum Ex Recording Payment
Phone : 570-9009 Year Shares Devidend Date Date Date Date F/I
Fax : 570-9026 - 28 1993 120.00 21-Jul-94 22-Jul-94 29-Jul-94 29-Aug-94 F
1994 1:1 75.00 18-Jul-95 19-Jul-95 27-Jul-95 25-Aug-95 F
BOARD OF COMMISSIONERS 1995 60.00 13-Aug-96 14-Aug-96 22-Aug-96 20-Sep-96 F
1. Bacelius Ruru 1996 25.00 10-Jul-97 11-Jul-97 22-Jul-97 20-Aug-97 F
2. Havid Abdul Gani
3. Howell Rembrant Pickett Keezell ISSUED HISTORY
4. Martua Radja Panggabean *) Listing Trading
5. Mochamad Sanoesi *) Type of Listing Shares Date Date
*) Independent Commissioners 1. First Issue 20,000,000 20-Oct-93 20-Oct-93
2. Company Listing 60,000,000 20-Oct-93 20-Oct-93
BOARD OF DIRECTORS 3. Right Issue 80,000,000 25-Nov-94 25-Nov-94
1. Gautama Hartarto 4. Bonus Shares 160,000,000 28-Aug-95 28-Aug-95
2. Bambang Handoyo 5. Right Issue 800,000,000 21-Oct-96 21-Oct-96
3. Chen Ching Yen 6. Stock Split 1,120,000,000 10-Nov-97 10-Nov-97
4. Irene Chan 7. Additional Listing without HMETD 1,649,179,559 12-Jan-05 12-Jan-05
5. Johan Setiawan
6. Jusup Agus Sayono

AUDIT COMMITTEE
1. Mochamad Sanoesi
2. Grace Subali
3. Hartono Djojo

CORPORATE SECRETARY
Bambang Handoyo

HEAD OFFICE:
Jl. Daan Mogot Km. 21, Batu Ceper, Desa Poris Plawad
Kec. Cipondoh, Tangerang, Banten 15122
Phone : (021) 551-2896
Fax : (021) 551-2194

Homepage : www.polychemindo.com
Email : [email protected]

research and product development

D I V I S I O N 1
Polychem Indonesia Tbk ADMG
TRADING ACTIVITIES
CLOSING PRICE* AND TRADING VOLUME
POLYCHEM INDONESIA TBK Closing Price Freq. Volume Value
JANUARY 2004 - JULY 2008 Month High Low Close (X) (Thou. Sh) (Million Rp) Day
648 2,100 Jan-04 425 365 370 208 2,534 1,008 19
Feb-04 100 80 95 24 421 37 3

Volume (Million Shares)

Mar-04 195 115 190 159 3,542 566 18
555 1,800
Closing Price*

Apr-04 300 185 300 324 6,287 1,480 20

May-04 300 190 220 163 1,827 487 16
463 1,500 Jun-04 275 180 180 133 2,364 582 12
Jul-04 280 155 275 2,164 50,382 12,161 23
Aug-04 400 280 350 1,810 55,805 18,649 20
370 1,200
Sep-04 495 350 445 3,574 125,849 57,018 20
Oct-04 490 375 390 1,696 47,050 21,961 23
278 900 Nov-04 400 290 330 107 4,311 1,576 14
Dec-04 405 330 375 122 1,449 543 17
185 600
Jan-00 - - - - - - -
Jan-05 425 365 370 208 2,534 1,008 19
Feb-05 400 360 380 112 1,711 654 16
93 300 Mar-05 420 350 350 250 3,701 1,452 17
Apr-05 460 360 385 877 255,689 91,411 18
- - May-05 415 350 385 124 108,311 38,068 17
Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jun-05 380 305 350 41 26,505 9,239 12
Jul-05 350 285 315 840 40,560 13,753 19
Aug-05 370 300 310 1,451 37,526 12,941 21
Sep-05 350 300 325 1,277 30,425 10,138 20
CHANGE OF CLOSING PRICE, Oct-05 355 315 325 1,968 93,217 32,061 21
MISCELLANEOUS INDUSTRY INDEX AND JAKARTA COMPOSITE
Nov-05 405 320 390 2,933 141,316 52,873 17
JANUARY 2004 - JULY 2008
Dec-05 400 335 345 939 36,394 13,417 21
900% 900%
Jan-00 - - - - - - -
Jan-06 370 330 355 866 27,214 9,636 20
Jakarta Composite Index
750% Miscellaneous Industry Index 750% Feb-06 390 345 350 1,672 71,831 26,500 18
Closing Price Mar-06 720 350 470 7,296 387,105 200,882 20
Apr-06 615 405 450 12,630 515,236 267,978 20
600% 600%
May-06 520 435 505 4,725 267,829 128,395 20
Jun-06 550 480 480 4,619 315,908 163,562 22
450% 450% Jul-06 495 445 465 3,650 154,869 72,718 21
Aug-06 470 225 310 5,766 214,722 75,087 22
Sep-06 390 285 330 6,161 280,749 95,686 21
300% 300%
Oct-06 345 310 310 1,503 56,002 18,446 21
Nov-06 315 285 305 1,014 29,303 8,878 17
150% 150% Dec-06 355 305 320 2,742 109,437 36,094 20
Jan-00 - - - - - - -
Jan-07 355 310 330 2,476 134,181 45,511 20
0 0
Feb-07 350 315 325 1,769 77,038 25,810 20
Mar-07 335 310 315 1,221 58,477 18,779 21
-150% -150% Apr-07 315 295 305 2,105 146,253 44,565 18
Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 May-07 310 200 215 2,223 104,517 26,669 21
Jun-07 220 175 185 1,049 40,945 8,023 22
Jul-07 200 180 380 1,172 44,171 8,519 42
SHARES TRADED 2004 2005 2006 2007 Jul-08 Aug-07 280 185 220 4,422 195,193 47,636 20
Volume (Million Sh) 778 2,430 2,507 3,392 355 Sep-07 255 220 230 1,706 70,499 16,923 21
Value (Billion Rp) 277 1,104 465 597 88 Oct-07 265 225 240 761 1,563,192 206,285 17
Frequency (X) 11,020 52,644 20,774 21,513 12,032 Nov-07 245 205 210 1,023 35,852 8,104 22
Days 218 242 263 242 131 Dec-07 225 195 200 847 36,733 7,755 19
Jan-00 - - - - - - -
Price (Rupiah) Jan-08 230 185 205 1,773 111,911 23,514 22
High 460 720 355 265 335 Feb-08 240 205 215 2,266 164,739 36,689 20
Low 285 225 175 165 100 Mar-08 220 200 200 520 27,490 5,662 21
Close 345 320 200 175 265 Apr-08 235 195 215 2,112 288,447 50,041 20
Close * 345 320 200 175 265 May-08 265 210 250 4,033 407,670 98,843 21
Jun-08 265 220 225 2,378 217,638 53,370 20
PER (X) 1.69 29.68 -2.91 -10.08 2.54 Jul-08 255 225 235 2,278 184,203 44,325 22
PER Industry (X) 7.78 14.59 9.61 7.41 5.84 Aug-08 235 165 190 3,672 242,992 50,360 22
PBV (X) 0.53 0.83 0.62 0.57 0.73 Sep-08 210 185 205 1,367 47,563 9,458 20
*) Adjusted price after corporate action Oct-08 210 185 193 585 1,686,949 222,378 20
Nov-08 195 172 180 296 4,570 837 18
Dec-08 184 170 175 233 8,200 1,448 16

research and product development

D I V I S I O N 2
Polychem Indonesia Tbk ADMG
Financial Data and Ratios
Public Accountant : Osman Bing Satrio & Co. - Deloitte Touche Tohmatsu Book End : December

BALANCE SHEET Dec-2004 Dec-2005 Dec-2006 Dec-2007 Jun-2008

TOTAL ASSETS AND LIABILITIES
(Million Rp except Par Value) (in Billion Rupiah)
Cash & Cash Equivalents 207,744 171,167 30,416 87,986 64,598 4,625
Assets Liabilities
Accounts Receivable 525,950 384,646 401,925 517,576 784,047
3,700
Inventories 680,918 656,646 471,407 664,373 721,547
Current Assets 1,654,306 1,701,408 1,397,173 1,667,101 2,212,683 2,775

Fixed Assets 2,889,172 2,704,451 2,573,588 2,436,375 2,351,127

1,850
Other Assets - - - 3,143 -
Total Assets 4,549,288 4,431,915 3,987,067 4,161,340 4,579,637
925
Growth (%) -2.58% -10.04% 4.37% 10.05%

0
Current Liabilities 1,053,877 400,618 451,112 692,515 1,030,991 2004 2005 2006 2007 Jun-08
Long Term Liabilities 2,025,988 2,523,523 2,283,412 2,148,865 2,077,731
Total Liabilities 3,079,865 2,924,141 2,734,524 2,841,380 3,108,722
Growth (%) -5.06% -6.48% 3.91% 9.41% TOTAL EQUITY (in Billion Rupiah)

1,468 1,506 1,470

Minority Interest 1,146 1,326 1,323 830 695 1,506

1,319
Authorized Capital 4,250,000 4,250,000 4,250,000 4,250,000 4,250,000 1,251
1,205

Paid up Capital 1,944,590 1,944,590 1,944,590 1,944,590 1,944,590

Paid up Capital (Shares) 3,889 3,889 3,889 3,889 3,889 904

Par Value 500 500 500 500 500

Retained Earnings -1,089,119 -1,047,182 -1,314,146 -1,256,169 -1,097,007 603

Total Equity 1,468,278 1,506,448 1,251,220 1,319,131 1,470,220 301

Growth (%) 2.60% -16.94% 5.43% 11.45%

0

INCOME STATEMENTS (Million Rp) 2004 2005 2006 2007 Jun-08

Total Revenues 4,481,624 3,958,342 3,258,934 3,858,496 2,310,829

Growth (%) -11.68% -17.67% 18.40%
TOTAL REVENUES (in Billion Rupiah)
Expenses 3,876,644 3,742,045 3,484,597 3,629,068 2,042,804
4,482
Gross Profit 604,980 216,297 -225,663 229,427 268,025 4,482

3,958 3,858
Operating Expenses 142,322 119,922 91,550 134,411 54,652
Operating Profit 462,658 96,376 -317,213 95,017 213,373 3,585
3,259
Growth (%) -79.17% N/A N/A
2,689
2,311
Other Income (Expenses) -309,849 -65,727 83,885 -51,844 12,056
1,793

Income before Tax 152,809 30,649 -233,328 43,173 225,429

Tax -266,147 23,693 33,639 -14,311 66,401
896

Minority Interest 4,413 -180 3 494 135

Net Income 458,097 41,937 -266,964 57,977 159,163 0

Growth (%) -90.85% N/A N/A 2004 2005 2006 2007 Jun-08

RATIOS
Current Ratio (%) 156.97 424.70 309.72 240.73 214.62 TOTAL INCOME (in Billion Rupiah)
Dividend (Rp) - - - - - 458
EPS (Rp) 117.79 10.78 -68.64 14.91 40.92 458

BV (Rp) 377.53 387.34 321.72 339.18 378.03

313

DAR (X) 0.68 0.66 0.69 0.68 0.68

159
DER(X) 2.10 1.94 2.19 2.15 2.11
168

ROA (%) 3.36 0.69 -5.85 1.04 4.92 58

42
ROE (%) 10.41 2.03 -18.65 3.27 15.33 23

GPM (%) 13.50 5.46 -6.92 5.95 11.60

2004 2005 2006 2007 Jun-08
OPM (%) 10.32 2.43 -9.73 2.46 9.23 -122

NPM (%) 10.22 1.06 -8.19 1.50 6.89

Payout Ratio (%) - - - - - -267

-267
Yield (%) - - - - -

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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.

research and product development

D I V I S I O N 3