PTPolychemIndonesiaTbk

(FormerlyGTPetrochemIndustries)

Business
CompanyStatus

TireCord,NylonFilament,PolyesterFilament,Polyester
StapleFiber,andSyntheticRubberEthyleneGlycol
PMDN

Underwriter

PTCreditLyonnaisCapitalIndonesia

Shareholder
2000
PTGajahTunggal
PTGajahTunggalMulia
Public

2001
50.19% PTGajahTunggal
19.19% PTGajahTunggalMulia
30.62% Public

2005
HSBCTrusteeLtd.
PTGajahTunggalTbk
PTSatyaMuliaGemaGemilang
GaribaldiVentureFundLimited
Public

2002
50.01% PTGajahTunggalTbk
19.20% PTGajahTunggalMulia
30.79% Public

2006
33.93%
28.91%
10.28%
9.97%
16.91%

HSBCTrusteeLtd.
PTGajahTunggalTbk
PTSatyaMuliaGemaGemilang
GaribaldiVentureFundLimited
Public

2003
50.01% PTGajahTunggalTbk
19.20% PTGajahTunggalMulia
30.79% Public

2007
33.93%
28.91%
10.29%
9.97%
16.90%

PTMandiriSekuritasRepo/ReserveIndonesiaL
PTGajahTunggalTbk
HSBCTrusteeLtd.
Public

2004
50.01% PTGajahTunggalTbk
19.20% PTGajahTunggalMulia
30.79% Public

2008
39.47%
28.91%
21.07%
10.55%

PTGajahTunggalTbk
PTSatyaMuliaGemaGemilang
HSBCTrusteeLtd.
PTAgungOmetracoMuda
PrimavantageLimited(BVI)
Public

50.01%
19.20%
30.79%

2009
28.91%
24.83%
17.21%
10.87%
8.10%
10.08%

PTGajahTunggalTbk
PTSatyaMuliaGemaGemilang
HSBCTrusteeLtd.
PTAgungOmetracoMuda
PrimavantageLimited(BVI)
Public

28.91%
24.83%
17.21%
10.87%
8.10%
10.08%

Management & Number of Employees

Board of Commissioners

Board of Directors

Number of Employees

2000

President Commissioner
Vice President Commissioner
Commissioners

Rudolf Kasenda
Gustimego
Drs. Mochamad Sanoesi,
Martua Radja Panggabean, Mulyati Gozali

President Director
Vice President Director
Directors

Fredy Gozali
Gautama Hartarto
Sintia Kolonas, Ir. Drs. Elieser Sorohamodjo
Laurentinus Mulyanto

5,601

2001

President Commissioner
Vice President Commissioner
Commissioners

Rudolf Kasenda
Gustimego
Drs. Mochamad Sanoesi, Martua Radja Panggabean,
Mulyati Gozali

President Director
Vice President Director
Directors

Fredy Gozali
Gautama Hartarto
Sintia Kolonas, Ir. Drs. Elieser Sorohamodjo,
Laurentinus Mulyanto

6,436

2002

President Commissioner
Vice President Commissioner
Commissioners

Rudolf Kasenda
Gustimego
Drs. Mochamad Sanoesi,
Drs. Martua Radja Panggabean, Mulyati Gozali

President Director
Vice President Director
Directors

Fredy Gozali
Gautama Hartarto
Sintia Kolonas,
Ir. Drs. Elieser Sorohamodjo, Laurens Mulyanto, SH

6,454

2003

President Commissioner
Vice President Commissioner
Commissioners

Rudolf Kasenda
Gustimego
Drs. Mochamad Sanoesi, Drs. Martua Radja Panggabean,
Mulyati Gozali

President Director
Vice President Director
Directors

Fredy Gozali
Gautama Hartarto, MBA
Sintia Kolonas
Ir. Drs. Elieser Sorohadmodjo
Laurens Mulyanto, SH

6,387

2004

President Commissioner
Vice President Commissioner
Commissioners

Rudolf Kasenda
Gustimego
Drs. Mochamad Sanoesi,
Drs. Martua Radja Panggabean
Mulyati Gozali

President Director
Vice President Director
Directors

Fredy Gozali
Gautama Hartarto, MBA
Sintia Kolonas
Ir. Drs. Elieser Sorohadmodjo
Laurens Mulyanto, SH

5,958

2005

President Commissioner
Vice President Commissioner
Commissioners

Bacelius Ruru
Howell Rembrandt Picket Keezell
Drs. Mochamad Sanoesi,
Drs. Martua Radja Panggabean
Havid Abdul Gani

President Director
Vice President Director
Directors

Gautama Hartarto
Johan Setiawan
Irene Chan, Jusup Agus Sayono,
Chen Ching Yen

5,958

2006

President Commissioner
Vice President Commissioner
Commissioners

Bacelius Ruru
Mochamad Sanoesi
Drs. Martua Radja Panggabean
Havid Abdulgani
Howell Rembrandt Pickett .K

President Director
Vice President Director
Directors

Gautama Hartarto
Johan Setiawan
Irene Chan
Jusup Agus Sayono
Chen Ching Yen
Bambang Handoyo

2,874

2007

President Commissioner
Vice President Commissioner
Commissioners

Bacelius Ruru
Mochamad Sanoesi
Drs. Martua Radja Panggabean,
Havid Abdulgani,
Howell Rembrandt Pickett Keezell

President Director
Vice President Director
Directors

Gautama Hartarto
Johan Setiawan
Jusup Agus Sayono, Bambang Handoyo,
Hendra Soerijadi

3,770

2008

President Commissioner
Vice President Commissioner
Commissioners

Bacelius Ruru
Mochamad Sanoesi
Drs. Martua Radja Panggabean, Havid Abdulgani,
Howell Rembrandt Pickett Keezell

President Director
Vice President Director
Directors

Gautama Hartarto
Johan Setiawan
Jusup Agus Sayono, Bambang Handoyo,
Hendra Soerijadi

1,863

2009

President Commissioner
Vice President Commissioner
Commissioners

Bacelius Ruru
Drs. Martua Radja Panggabean
Havid Abdulgani
Howell Rembrandt Pickett Keezell
Bambang Husodo

President Director
Vice President Director
Directors

Gautama Hartarto
Johan Setiawan
Jusup Agus Sayono, Bambang Handoyo
Hendra Soerijadi

1,468

Total Assets
Current Assets
of which
Cash on hand and in banks
Cash and cash equivalents
Time deposits
Trade receivables
Inventories
Receivable from affiliates
Non-current Assets
of which
Fixed Asset Net
Deffered Tax Assets-Net
Investments
Other Assets
Liabilities
Current Liabilities
of which
Bank loans
Short-term debt
Bank borrowings
Trade payables
Payable to affiliates
Taxes payable
Accrued expenses
Current maturities of
long-term debt
Long-term Liabilities
of which
Bank borrowings
Convertible bonds
Non-Current Liabilities
Minority Interests in Subsidiaries

1998

1999

2000

6,780,364
1,379,076

6,536,022
1,336,265

7,848,169
2,077,166

201,871

328,345

436,727

(million rupiah)
2001

2,002

2,003

2004

2005

7,457,946
1,869,022

6,637,499
1,573,918

6,239,217
1,698,885

4,549,288
1,654,306

4,431,915
1,701,408

307,547

152,287

161,160

207,744
171,167

212,598
484,452

242,797
579,926

422,677
765,014

625,725
780,215

553,114
660,161

535,163
695,067

516,555
680,918

380,134
656,646

5,063,581

4,540,332

2,894,982

2,730,507

4,283,071
238,184

4,018,406
n.a

2,889,171
175

2,704,450
n.a

5,181,999

4,792,242

4,735,366

4,544,330

219,289

407,515

1,035,638

1,044,594

6,041,322
1,799,977

6,487,168
2,306,378

10,218,620
6,763,496

10,718,592
6,265,776

7,798,613
3,978,954

6,601,068
914,651

3,079,865
1,053,877

2,924,141
400,618

981,293
76,043

952,860
110,933

1,298,034
151,914

389,764
192,439

189,034

214,588

221,720

166,690

2,914

2,475

24,058

2,091

102,483

283,001

741,079

179,136

136,991
4,229,506

254,356
4,180,790

390,243
3,455,124

3,603,671
4,452,816

11,839

3,819,659
n.a

5,686,417
n.a

2,025,988
1,146

2,523,523
1,326

Shareholders' Equity
Paid-up capital
Paid-up capital
in excess of par value
Revaluation of fixed assets
Retained earnings (accumulated loss)

739,042
1,120,000

48,853
1,120,000

(2,339,233)
1,120,000

(3,260,646)
1,120,000

(1,161,114)
1,120,000

(361,851)
1,120,000

1,468,277
1,944,590

1,506,448
1,944,590

65,000

65,000

(445,958)

(1,136,147)

(3,524,233)

(4,445,646)

(2,346,114)

(1,546,851)

(541,313)

(503,142)

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

1,891,027
1,395,457
495,570
118,477
377,093
(595,943)
(218,850)
(312,744)

1,992,778
1,751,113
241,665
104,022
137,643
(798,418)
(660,775)
(698,534)

3,030,328
2,650,328
380,001
132,687
247,314
(3,254,254)
(3,006,940)
(2,379,405)

3,370,837
3,023,020
347,817
139,126
208,691
(1,481,928)
(1,273,237)
(910,435)

2,935,694
2,864,739
70,955
137,385
(66,430)
920,660
854,230
2,079,920

3,059,049
2,862,209
196,840
174,145
22,695
257,570
280,265
811,167

4,481,624
3,876,644
604,980
142,322
462,658
(309,849)
152,809
458,097

3,958,342
3,742,045
216,297
119,922
96,375
(65,726)
30,649
41,936

Per Share Data (Rp)

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

(140)
330
150

(312)
22
700

(1,062)
(1,044)
190

(406)
(1,456)
120

929
(518)
n.a
110

362
(162)
n.a
375

205
655
n.a
345

11
387
n.a
320

(1)
0
-

(2.24)
32.10
-

(0.18)
(0.18)
-

(0.30)
(0.08)
-

0.12
(0.21)
n.a
n.a

1.04
(2.32)
n.a
n.a

1.69
0.53
n.a
n.a

29.68
0.83
n.a
n.a

0.77
8.17
0.89
0.26
0.20
n.a.
2.88
0.28
(4.61)
(42.32)

0.58
132.79
0.99
0.12
0.07
n.a.
3.02
0.30
(10.69)
(1,429.86)

0.31
n.a.
1.30
0.13
0.08
n.a.
3.46
0.39
(30.32)
(101.72)

0.30
n.a.
1.44
0.10
0.06
n.a.
3.87
0.45
(12.21)
(27.92)

0.40
n.a
1.17
0.02
n.a
0.71
4.34
0.44
31.34
179.13

1.86
n.a
1.06
0.06
0.01
0.27
4.12
0.49
13.00
224.17

1.57
209.76
0.68
0.13
0.10
0.10
5.69
0.99
10.07
31.20

4.25
1.94
0.66
0.05
0.02
0.01
5.70
0.89
0.95
2.78

1998

1999
(3.60)
(93.39)
5.38
123

2000
20.08
(4,888.31)
52.07
241

2001
(4.97)
39.39
11.24
(62)

2,002
(11.00)
(64.39)
(12.91)
(328)

2,003
(6.00)
(68.84)
4.20
(61)

2004
(27.09)
(505.77)
46.50
(44)

2005
(2.58)
2.60
(11.68)
(91)

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

65,000

65,000

65,000

65,000

65,000

65,000

Summary of Financial Statement

PT. Polychem Indonesia Tbk. (ADMG)

2006

(millionrupiah)
2007

2008

TotalAssets
CurrentAssets
ofwhich
CashandCashEquivalents
Tradereceivables
Inventories
NonCurrentAssets
ofwhich
FixedAssetsNet
DefferedTaxAssetsNet

3,987,067
1,397,173

4,161,340
1,555,600

3,855,930
1,414,430

30,416
368,372
471,407
2,589,894

87,986
470,062
664,373
2,605,740

162,076
388,234
535,381
2,441,500

2,573,588
n.a

2,436,375
n.a

2,217,190
n.a

Liabilities
CurrentLiabilities
ofwhich
Tradepayables
Taxespayable
Currentmaturitiesof
longtermdebt
NonCurrentLiabilities
MinorityInterestinSubsidiaries

2,734,524
451,112

2,841,380
692,515

2,844,075
1,435,701

139,672
2,472

199,351
2,382

44,937
3,300

252,792
2,283,412
1,323

374,891
2,148,865
829

1,234,300
1,408,374
693

Shareholders'Equity
Paidupcapital
Paidupcapital
inexcessofparvalue
Retainedearnings(accumulatedloss)

1,251,220
1,944,590

1,319,131
1,944,590

1,011,162
1,944,590

65,000
(758,370)

65,000
(690,459)

65,000
(998,428)

NetSales
CostofGoodsSold
GrossProfit
OperatingExpenses
OperatingProfit(Loss)
OtherIncome(Expenses)
Profit(Loss)beforeTaxes
Profit(Loss)afterTaxes

3,258,934
3,484,597
(225,663)
91,550
(317,213)
83,885
(233,328)
(266,964)

3,858,496
3,629,069
229,427
134,410
95,017
(51,844)
43,173
57,977

4,002,532
3,822,529
180,003
123,941
56,062
(385,253)
(329,191)
(263,387)

PerShareData(Rp)
Earnings(Loss)perShare
EquityperShare
DividendperShare
ClosingPrice

(69)
322
n.a
200

15
339
n.a
175

(68)
260
n.a
70

(2.91)
0.62
n.a
n.a

11.74
0.52
n.a
n.a

(1.03)
0.27
n.a
n.a

3.10
2.19
0.69
n.a
n.a
n.a
7.39
0.82
(6.70)
(21.34)

2.25
2.15
0.68
0.06
0.02
0.02
5.46
0.93
1.39
4.40

0.99
2.81
0.74
0.04
0.01
n.a
7.14
1.04
(6.83)
(26.05)

FinancialRatios
PER(x)
PBV(x)
DividendPayout(%)
DividendYield(%)
CurrentRatio(x)
DebttoEquity(x)
LeverageRatio(x)
GrossProfitMargin(x)
OperatingProfitMargin(x)
NetProfitMargin(x)
InventoryTurnover(x)
TotalAssetsTurnover(x)
ROI(%)
ROE(%)
PER=2.54x;PBV=0.39x(June2009)
FinancialYear:December31
PublicAccountant:OsmanBingSatrio&Co.