PTEratexDjajaTbk.

Business
CompanyStatus

SyntheticTextileandGarment(SpecializedinNylonand
PolyesterFabrics)
PMDN

Underwriter

PTLudlowSecurities

Shareholders
2000
PTEverShineCorporation
Public

2005
PTCahayaInterkontinental
TheHongKongandShanghaiBankingCorp.
LimitedPVBK(Suisse)SASGTR
NusantaraInvesmentFundLtd.
Public

2001
70.78% PTEverShineCorporation
29.22% PTLudlowSecurities
PTBankUOBIndonesia
NusantaraInvesmentFundLtd.
PTGKGOHOmetraco
Public

2006
52.06% PTCahayaInterkontinental
TheHongKongandShanghaiBankingCorp.
13.61% LimitedPVBK(Suisse)SASGTR
6.91% NusantaraInvesmentFundLtd.
27.42% Public

2002
52.08%
7.91%
7.36%
6.91%
6.29%
19.45%

PTEverShineCorporation
PTLudlowSecurities
PTBankUOBIndonesia
NusantaraInvesmentFundLtd.
PTGKGOHOmetraco
Public

2007
52.30% PTCahayaInterkontinental
TheHongKongandShanghaiBankingCorp.
40.71% LimitedPVBK(Suisse)SASGTR
0.11% NusantaraInvesmentFundLtd.
6.88% Public

2003
52.08%
7.91%
7.36%
6.91%
6.29%
19.45%

PTCahayaInterkontinental
PTBankUOBBIndonesia
NusantaraInvesmentFundLtd.
PTGKGohIndonesia
Public

2008
52.06% PTCahayaInterkontinental
TheHongKongandShanghaiBankingCorp.
13.61% LimitedPVBK(Suisse)SASGTR
6.91% NusantaraInvesmentFundLtd.
27.42% Public

2004
52.06%
7.36%
6.91%
6.26%
27.41%

PTCahayaInterkontinental
UOBNominessPte.Ltd.
NusantaraInvesmentFundLtd.
Public

52.06%
13.61%
6.91%
27.42%

2009
52.06% PTCahayaInterkontinental
TheHongKongandShanghaiBankingCorp.
13.61% LimitedPVBK(Suisse)SASGTR
6.91% Public
27.42%

58.97%
13.61%
27.42%

Management & Number of Employees

Board of Commissioners

Board of Directors

Number of Employees

2000

President Commissioner
Commissioners

Emmy Ranoewidjojo
Dr. Wahjudi Prakarsa, MBA
Drs. Aryanto Agus Mulyo, AK

President Director
Directors

Sung Pui Man

Sung Man Tak
Dra. Erlien Lindawati Surianto

3,500

2001

President Commissioner
Commissioners

Emmy Ranoewidjojo
Dr. Wahjudi Prakarsa, MBA
Drs. Aryanto Agus Mulyo, AK
Cahyono Halim

President Director
Directors

Sung Pui Man

Sung Man Tak
Dra. Erlien Lindawati Surianto

3,500

2002

President Commissioner
Commissioners

Emmy Ranoewidjojo
Prof. Wahjudi Prakarsa, Ph.D.
Drs. Aryanto Agus Mulyo, AK.
Dr. Cahyono Halim, MBA

President Director
Directors

Sung Pui Man

Sung Man Tak
Dra. Erlien Lindawati Surianto

3,500

2003

President Commissioner
Commissioners

Emmy Ranoewidjojo
Prof. Wahjudi Prakarsa, Ph.D.
Drs. Aryanto Agus Mulyo, AK.
Dr. Cahyono Halim, MBA

President Director
Directors

Sung Pui Man

Sung Man Tak
Dra. Erlien Lindawati Surianto

3,154

2004

President Commissioner
Commissioners

Emmy Ranoewidjojo
Prof. Dr. Wahjudi Prakarsa, MBA
Drs. Aryanto Agus Mulyo, AK
dr. Cahyono Halim, MBA

President Director
Directors

Sung Pui Man

Sung Man Tak
Dra. Erlien Lindawati Surianto

2,739

2005

President Commissioner
Commissioners

Emmy Ranoewidjojo
Prof. Dr. Wahjudi Prakarsa, MBA
Drs. Aryanto Agus Mulyo, AK
dr. Cahyono Halim, MBA

President Director
Directors

Sung Pui Man

Sung Man Tak
Dra. Erlien Lindawati Surianto

2,640

2006

President Commissioner
Commissioners

Emmy Ranoewidjojo
Prof. Dr. Wahjudi Prakarsa, MBA
Drs. Aryanto Agus Mulyo, AK
dr. Cahyono Halim, MBA

President Director
Directors

Sung Pui Man

Sung Man Tak
Dra. Erlien Lindawati Surianto

2,600

2007

President Commissioner
Commissioners

Emmy Ranoewidjojo
Prof. Dr. Wahjudi Prakarsa, MBA
Drs. Aryanto Agus Mulyo, AK
dr. Cahyono Halim, MBA

President Director
Directors

Sung Pui Man

Sung Man Tak
Dra. Erlien Lindawati Surianto

2,600

2008

President Commissioner
Commissioners

Emmy Ranoewidjojo
Prof. Dr. Wahjudi Prakarsa, MBA
Drs. Aryanto Agus Mulyo, AK
dr. Cahyono Halim, MBA

President Director
Directors

Sung Pui Man

Sung Man Tak
Dra. Erlien Lindawati Surianto

2,055

2009

President Commissioner
Commissioners

Emmy Ranoewidjojo
Prof. Dr. Wahjudi Prakarsa, MBA
Drs. Aryanto Agus Mulyo, AK
dr. Cahyono Halim, MBA

President Director
Directors

Sung Pui Man

Sung Man Tak
Dra. Erlien Lindawati Surianto

1,919

Total Assets
Current Assets
of which
Cash on hand and in banks
Cash and cash equivalents
Time Deposits
Trade receivables
Short Term Investment
Inventories
Non-current Assets
of which
Fixed Asset Net
Deffered Tax Assets-Net
Investments
Long-term investment
Other Assets
Liabilities
Current Liabilities
of which
Short-term debt
Bank borrowings
Trade payables
Taxes payable
Accrued expenses
Current maturities of
long-term debt
Long-term Liabilities
of which
Bank borrowings
Non-current Liabilities
Minority Interests in Subsidiaries
Shareholders' Equity
Paid-up capital
Paid-up capital
in excess of par value
Revaluation of fixed assets
Retained earnings

1998

1999

2000

755,603
214,802

723,492
296,178

802,911
388,959

58,142

97,271

152,157

(million rupiah)
2001

2002

2003

2004

2005

741,159
342,586

664,935
309,761

574,093
262,136

543,566
273,894

589,887
334,926

53,893

61,987

23,990

15,431
25,989

22,658

60,432

60,950

61,019

38,651

41,966

55,749

53,663

132,268

134,571

168,838

224,616

200,845
355,174

188,298
311,958

191,405
269,672

236,144
254,961

470,907

423,712

407,219

392,617

339,720

298,458

257,675

220,741

69,894

3,602

6,734

5,955

15,454

13,500

11,998

34,220

579,279
414,983

445,091
83,876

441,141
149,247

349,602
123,446

276,107
201,581

214,371
92,703

198,378
100,614

251,984
139,997

139,822

26,635

27,320

29,877

24,951

19,704
2,097
3,169

43,976
890
4,076

57,607
675
4,956

48,766
915
5,452

332,248
164,295

42,600
361,203

98,255
291,882

72,870
226,143

160,939

27,660

26,772

80,730

86,313

306,897

240,939

163,970

12

12

13

74,526
13

121,667
13

97,763
5

111,987
5

176,324
149,275

278,401
149,275

361,771
201,521

391,557
201,521

388,816
201,521

359,710
201,521

345,184
201,521

337,898
201,521

1,134

42,261

42,261

42,261

42,261

42,261

42,261

25,915

129,126

117,988

147,775

145,034

115,927

101,401

94,116

Net Sales
Cost of Good Sold
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Profit (Loss) before Taxes
Profit (Loss) after Taxes

474,630
304,336
170,294
22,760
147,535
(128,300)
19,234
18,293

496,912
339,996
156,917
23,131
133,786
15,196
148,981
102,269

535,760
395,213
140,548
24,970
115,577
(112,570)
3,007
4,103

529,779
425,787
103,993
28,838
75,155
(34,881)
40,274
30,087

417,869
397,436
20,433
27,294
(6,862)
8,406
1,545
1,492

376,682
390,995
(14,313)
25,158
(39,472)
(1,905)
(41,376)
(29,684)

487,609
463,722
23,887
30,969
(7,082)
(11,760)
(18,842)
(14,799)

479,090
449,643
29,447
27,600
1,847
(13,944)
(12,097)
(9,205)

Per Share Data (Rp)

Earnings (Loss) per Share
Equity per Share
Dividend per Share
Closing Price

61
591
300

343
933
50
1,000

2
180
250

15
194
2
320

1
193
2
300

(15)
178
n.a
125

(7)
171
n.a
80

(5)
168
n.a
80

Financial Ratios
PER (x)
PBV (x)
Dividend Payout (%)
Dividend Yield (%)

4.90
0.51
-

2.92
1.07
14.60
5.00

122.79
1.39
-

21.43
1.65
13.40
0.63

405.26
1.55
270.18
0.67

(8.49)
0.70
n.a
n.a

(10.89)
0.47
n.a
n.a

(17.51)
0.48
n.a
n.a

0.52
3.29
0.77
0.36
0.31
0.04
2.30
0.63
2.42
10.37

3.53
1.60
0.62
0.32
0.27
0.21
2.53
0.69
14.14
36.73

2.61
1.22
0.55
0.26
0.22
0.01
2.34
0.67
0.51
1.13

2.78
0.89
0.47
0.20
0.14
0.06
1.90
0.71
4.06
7.68

1.54
0.71
0.42
0.05
n.a
0.36
1.98
0.63
0.22
0.38

2.83
0.60
0.37
n.a
n.a
n.a
2.08
0.66
(5.17)
(8.25)

2.72
0.57
0.36
0.05
n.a
n.a
2.42
0.90
(2.72)
(4.29)

2.39
0.75
0.43
0.06
n.a
n.a
1.90
0.81
(1.56)
(2.72)

1999
(4.25)
57.89
4.69
459.06

2000
10.98
29.95
7.82
(95.99)

2002
(10.28)
(0.70)
(21.12)
(95.04)

2003
(13.66)
(7.49)
(9.86)
(2,089.54)

2004
(5.32)
(4.04)
29.45
(50.14)

2005
8.52
(2.11)
(1.75)
(37.80)

Current Ratio (x)

Debt to Equity (x)
Leverage Ratio (x)
Gross Profit Margin (x)
Operating Profit Margin (x)
Net Profit Margin (x)
Inventory Turnover (x)
Total Assets Turnover (x)
ROI (%)
ROE (%)

1
2
3
4

Growth (%)
Indicators
Total Asset
Share Holder's Equity
Net Sales/Revenue
Net Provit

1998

2001
(7.69)
8.23
(1.12)
633.29

SUMMARY OF FINANCIAL STATEMENT

PT. Ever Shine Textile Industry Tbk. (ESTI)

(millionrupiah)
2,006
2007

2008

TotalAssets
CurrentAssets
ofwhich
Cashandcashequivalents
Tradereceivables
Inventories
NonCurrentAssets
ofwhich
FixedAssetsNet
OtherAssets

530,647
324,478

540,722
336,125

530,248
337,418

12,164
49,520
239,967
206,168

15,623
62,250
238,591
204,597

42,942
51,578
218,690
192,830

176,117
30,052

176,752
26,052

166,244
21,970

Liabilities
CurrentLiabilities
ofwhich
Tradepayables
Taxespayable
Accruedexpenses
Currentmaturitiesof
longtermdebt
NonCurrentLiabilities
MinorityInterestsinSubsidiaries

244,235
163,222

269,621
245,468

281,170
260,479

59,957
1,032
9,019

72,806
1,429
7,997

67,630
2,178
9,580

81,641
81,014
4

1,778
24,153
4

298
20,691
4

Shareholders'Equity
Paidupcapital
Paidupcapital
inexcessofparvalue
Retainedearnings

286,407
201,521

271,097
201,521

249,073
201,521

42,261
42,625

42,261
27,314

42,261
5,291

NetSales
CostofGoodSold
GrossProfit
OperatingExpenses
OperatingProfit(Loss)
OtherIncome(Expenses)
ProfitbeforeTaxes
ProfitafterTaxes

478,016
476,548
1,468
27,542
(26,074)
(43,936)
(70,010)
(51,483)

507,513
475,438
32,075
28,344
3,731
(24,895)
(21,164)
(15,305)

569,121
531,535
37,586
28,247
9,339
(39,014)
(29,675)
(22,019)

PerShareData(Rp)
EarningsperShare
EquityperShare
DividendperShare
ClosingPrice

(25)
142
n.a
60

(8)
135
n.a
80

(11)
124
n.a
50

FinancialRatios
PER(x)
PBV(x)
DividendPayout(%)
DividendYield(%)

(2)
0
n.a
n.a

(10.53)
0.59
n.a
n.a

(4.58)
0.40
n.a
n.a

CurrentRatio(x)
DebttoEquity(x)
LeverageRatio(x)
GrossProfitMargin(x)
OperatingProfitMargin(x)
NetProfitMargin(x)
InventoryTurnover(x)
TotalAssetsTurnover(x)
ROI(%)
ROE(%)
PER=14.09x;PBV=0.41x(June2009)
FinancialYear:December31
PublicAccountant:Purwantono,Sarwoko&Sandjaja

1.99
0.85
0.46
n.a
n.a
n.a
1.99
0.90
(9.70)
(17.98)

1.37
1.30
0.99
1.13
0.50
0.53
0
0.07
0 0.02
n.a
n.a
1.99
2.43
0.94
1.07
(2.83)
(4.15)
(5.65)
(8.84)