Summary of Financial Statement PT Jembo Cable Company Tbk 2007

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Summary of Financial Statement PT Jembo Cable Company Tbk 2007 Powered By Docstoc
					PT Jembo Cable Company Tbk.                                                                                                                                   Cable


Head Office                   Mega Glodok Kemayoran Office              Summary of Financial Statement
                              Tower B 6th Floor
                              Jl. Angkasa Kav. B-6                                                                                         (million rupiah)
                              Kemayoran Jakarta Pusat                                                                         2004            2005          2006
                              Phone (021) 2664-6933 (Hunting),           Total Assets                                         302,022         322,662      362,648
                              2664-6932, 2664-6936-38                    Current Assets                                       195,748         219,029      251,176
                              Fax (021) 6570-1488, 6570-1556              of which
                              Website: http://www.jembo.com                   Cash and cash equivalents                         2,314           2,253        1,568
Factory                       Jl. Pajajaran, Desa Gandasari                   Trade receivables                                87,060          95,055      138,789
                              Kecamatan, Jatiuwung                            Inventories                                      86,387         107,752       90,583
                              Tangerang 15137, Banten                    Non-Current Assets                                   106,275         103,632      111,472
                              Phone (021) 5565-0468                       of which
                              Fax (021) 5565-0466                             Fixed Assets-Net                                 96,178          95,055       99,688
                                                                              Deffered Tax Assets                               3,595           6,686       10,375
                              E-mail:
                                                                              Investments                                         900             990          900
                              johan-suwandy@jembo.com
Business                      Cable Manufacture                          Liabilities                                          236,973         259,572      299,055
Company Status                PMDN                                       Current Liabilities                                  205,074         236,762      266,299
                                                                          of which
   Financial Performance: The Company booked net profit of                    Bank loans                                       71,608          60,331       78,087
IDR592.901 million in 2006 versus net loss of IDR2.044 billion in             Trade payables                                   53,042         101,684      118,195
2005. The sales increased 4.65% to IDR448.021 billion from                    Current maturities
IDR428.123 billion.                                                                           of long term debt                16,123          15,337        8,910
   Brief History: The company began its production in 1992 with          Non-Current Liabilities                               31,899          22,810       32,755
an installed capacity of 20,000 tons of low voltage electrical cable,    Minority Interests in Subsidiaries                         5              n.a          n.a
317 Km of medium voltage electrical cable, 4,118 Km of optic fibre       Shareholders' Equity                                  65,044          63,090       63,593
and 2.9 million single core kilometers (SCKM) of telecommunica-              Paid-up capital                                   75,600          75,600       75,600
tions cable. In 1993, the company raised capacity for low voltage            Paid-up capital
electrical cables to 26,000 tons and up to 634 Km for medium volt-            in excess of par value                             3,900           3,900        3,900
age cables. The company has a technical assistant agreement with             Retained earnings (accumulated loss)             ( 14,456)       ( 16,410)    ( 15,907)
Fujika Ltd, Japan. Around 69% of the company’s production is             Net Sales                                            360,916         428,123      448,021
used in state owned companies, namely PT PLN and PT Telkom.              Cost of Goods Sold                                   311,024         370,354      400,967
The company is now able to produce several types of export-qual-         Gross Profit                                           49,891          57,769      47,054
ity cable that can compete on the international market with simi-        Operating Expenses                                     37,446          42,099      36,450
lar products made in several other countries. In 1995-1996, the          Operating Profit (Loss)                                12,446          15,670      10,604
company focused on marketing its products to meet domestic               Other Income (Expenses)                              ( 21,455)       ( 17,194)     ( 9,180)
demand. However, since 1997, 40% of all cable produced by the            Profit (Loss) before Taxes                             ( 9,010)        ( 1,524)      1,425
company has been exported. Over the past three years, these prod-        Profit (Loss) after Taxes                                  929         ( 2,044)        593
ucts have penetrated several overseas markets, including the Phil-       Per Share Data (Rp)
ippines, Malaysia, Singapore, Thailand, Australia, Yemen, UEA,           Earnings (Loss) per Share                                  6             ( 14)          4
Sri Lanka, South Africa, the United States, Japan, Myanmar, In-          Equity per Share                                         430             417          421
dia, Pakistan and Bangladesh.                                            Dividend per Share                                        n.a              n.a         n.a
                                                                         Closing Price                                            375             270          220

                                                                         Financial Ratios
                                                                         PER (x)                                                61.03           (19.97)      56.10
                                                                         PBV (x)                                                 0.87             0.65        0.52
                                                                         Dividend Payout (%)                                       n.a              n.a         n.a
                                                                         Dividend Yield (%)                                        n.a              n.a         n.a

                                                                         Current Ratio (x)                                        0.95            0.93        0.94
                                                                         Debt to Equity (x)                                       3.64            4.11        4.70
                                                                         Leverage Ratio                                           0.78            0.80        0.82
                                                                         Gross Profit Margin (x)                                  0.14            0.13        0.11
                                                                         Operating Profit Margin (x)                              3.45            3.66        2.37
                                                                         Net Profit Margin (x)                                    0.00              n.a         n.a
                                                                         Inventory Turnover (x)                                   3.60            3.44        4.43
                                                                         Total Assets Turnover (x)                                1.19            1.33        1.24
Shareholders                                                             ROI (%)                                                  0.31           (0.63)       0.16
PT Monaspermata Persada                                      49.92%      ROE (%)                                                  1.43           (3.24)       0.93
PT Indolife Pensiontama                                      17.58%
Fujikura Ltd., Japan                                         13.51%      PER = 0.76x ; PBV = 0.41x (June 2007)
Fujikura Asia Ltd., Singapore                                 6.49%      Financial Year: December 31
Public                                                       12.50%      Public Accountant: Tanubrata Yogi Sibarani Hananta



300                                                                                                               Indonesian Capital Market Directory 2007
PT Jembo Cable Company Tbk.                                                                                                                                   Cable



Board of Commissioners                                                             Board of Directors
President Commissioner I Gusti Made Putera Astaman                                 President Director Santoso
Commissioners Hauw Ay Lan, Drs. Andreas S. Soedjijanto, MBA                        Directors Drs. Antonius Benady, Mary Ang Santoso,
                                                                                             Cahayadi Santoso, Takashi Shimmoto, Sugono Widjaja

                                                                                   Number of Employees            588



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

        1      First Issue                                    18-Nov-92                     18-Nov-92                   10,000,000               10,000,000
        2      Company Listing                                18-Nov-92                     18-Nov-92                   32,000,000               42,000,000
        3      Bonus Shares                                   16-Aug-94                     16-Aug-94                   33,600,000               75,600,000
        4      Stock Split                                    15-Sep-97                     15-Sep-97                   75,600,000              151,200,000




Underwriters
PT Inter-Pacific Securities, PT Peregrine Sewu Securities
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-06                310           280        290             126.00           37.00                    41          5     151,200,000.00          43,848.00
February-06               300           205        290              46.00           11.00                    15          7     151,200,000.00          43,848.00
March-06                  305           290        305              63.00           18.00                    14          1     151,200,000.00          46,116.00
April-06                  325           260        275             112.00           33.00                    39          5     151,200,000.00          41,580.00
May-06                    290           265        290              30.00             8.00                    5          4     151,200,000.00          43,848.00
June-06                   230           190        190             128.00           27.00                    25          6     151,200,000.00          28,728.00
July-06                   245           245        245               1.00             0.12                    1          1     151,200,000.00          37,044.00
August-06                 215           160        170              15.00             3.00                    5          3     151,200,000.00          25,704.00
September-06              205           195        205               6.00             1.00                   11          2     151,200,000.00          30,996.00
October-06                245           225        245              11.00             3.00                    5          2     151,200,000.00          37,044.00
November-06               240           200        210             140.00           31.00                    23          4     151,200,000.00          31,752.00
December-06               240           185        220              29.00             6.00                   26          4     151,200,000.00          33,264.00
January-07                205           155        166              92.00           16.00                    13          6     151,200,000.00          25,099.00
February-07               213            175       175              13.00             2.00                    3          2     151,200,000.00          26,460.00
March-07                  212            212       212               1.00             0.10                    1          1     151,200,000.00          32,054.00
April-07                  290            205       220           1,459.00          350.00                   134          7     151,200,000.00          33,264.00
May-07                    275            180       187             321.00           69.00                    57          9     151,200,000.00          28,274.00
June-07                   200            188       200              66.00           13.00                    11          4     151,200,000.00          30,240.00

Stock Price and Traded Chart
            Stock Price (Rp)                                                                                                    Thousand Shares
  350                                                                                                                                                   900
                                                                                                                                                        800
  300
                                                                                                                                                        700
  250
                                                                                                                                                        600
  200                                                                                                                                                   500

  150                                                                                                                                                   400
                                                                                                                                                        300
  100
                                                                                                                                                        200
       50
                                                                                                                                                        100
   -                                                                                                                                                    -
        Jan-     Feb-   Mar-     Apr- May-     Jun-   Jul-   Aug-   Sep-    Oct-     Nov-    Dec-    Jan-     Feb- Mar-       Apr-   May-   Jun-
         06       06    06        06   06       06     06     06     06      06       06      06      07       07   07         07     07     07


Institute for Economic and Financial Research                                                                                                                 301

				
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