PT Andhi Candra Automotive Products Tbk.

Head Office

Factory

Business
Company Status

Wisma ADR 2 nd Floor

Jl. Pluit Raya I No. 1
Jakarta 14440
Phone (021) 661-0033, 669-0244
Fax (021) 669-6237
E-mail: adr@adr-group.com
http://www.adr-group.com
Kawasan Industri ADR
Jl. Raya LPPU. Curug No. 88
Desa Kadujaya, Bitung
Tangerang, Banten
Phone (021) 598-0157 (Hunting)
Fax (021) 598-1240
Automotive Component Industry
(Oil, Air and Fuel Filter)
PMDN

PT. Andhi Chandra Automotive Products Tbk.

Net sales in 2004 rose to Rp 188 billion from Rp
142 billion in 2003. Net profit also rose from Rp 14 billion to Rp 20 billion.
The company was incorporated on 26 January 1976 with
the main activities as filters products manufacturer. In 1987, Eddy Hartono,
the founder of ADR Group, took over the share ownership in the company.
Since 1988, the company has been supported by a technical assistance from
the world foremost filter manufacturer, Tokyo Roki Co. Ltd., Japan for
production and distribution filters in Indonesia. The company has become
the supplier for Original Equipment Manufacturing OEM and Original
Equipment Spare parts OES, such as: Daihatsu, Hino, Honda, Hyundai,
Isuzu, Mazda, Mitsubishi, and Suzuki. The company consistenly apply the
quality management system in all level of production based on ISO 9002
from KEMA Registered Quality, which was obtained in June 1999. Moreover, in November 2000, the company successfully obtained ISO 9002 and
QS 9000 certificates from SGS Yarsley International. On November 2000,
the company offered a portion of its shares to the public trough Jakarta
Stock Exchange to make an expansion by increasing its production capacity
and working capital.

Automotive and Allied Product

Summary of Financial Statement

(million rupiah)
2002
2003
2004
Total Assets
Current Assets
of which
Cash on hand and in banks
Trade receivables
Inventories
Non-Current Assets
of which
Fixed Assets-Net
Other Assets

138,463
81,553

147,905
95,402

144,933
92,243

35,172
16,727
22,401
56,910

37,479
21,011
26,726
52,504

1,247
35,564
44,623
52,690

52,417
1,840

48,983
1,751

49,298
1,826

19,449
13,063

24,516
16,388

29,418
19,830

10,280
488
744
6,386

11,443
1,474
468
8,128

12,402
2,330
1,005
9,588

Shareholders' Equity
Paid-up capital
Paid-up capital
in excess of par value
Retained earnings

119,014
80,400

123,390
80,400

115,515
80,400

15,097
23,517

15,097
27,892

15,097
20,018

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

128,412
106,711
21,701
9,834
11,867
3,673
15,540
11,605

142,698
116,073
26,626
11,075
15,550
2,997
18,548
14,008

188,190
153,001
35,188
12,277
22,912
3,587
26,499
20,441

Per Share Data (Rp)

Earnings per Share
Equity per Share
Dividend per Share
Closing Price

14
148
13
450

17
153
25
480

25
144
10
460

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

31.18
3.04
86.60
2.78

27.55
3.13
143.49
5.21

18.09
3.20
39.33
2.17

6.24
0.16
0.14
0.09
0.09
0.44
0.93
8.38
9.75

5.82
0.20
0.17
0.11
0.10
0.41
0.96
9.47
11.35

4.65
0.25
0.20
0.12
0.11
0.28
1.30
14.10
17.70

Liabilities
Current Liabilities
of which
Trade payable
Accrued expenses
Taxes Payable
Long-term Liabilities

Current Ratio (x)

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

Automotive and Allied Product

PT Andhi Candra Automotive Products Tbk.

Board of Commissioners

Board of Directors

President Commissioner Suryadi

Commissioners Rudy Dharma, Djojo Hartono

President Director Eddy Hartono

Directors Handi Hidayat Suwardi, Ang Andri Pribadi
Number of Employees 473

No

Type of Listing

1
2
3
4

First Issue
Company Listing
Bonus Shares
Stock Split

Listing Date

Trading Date

04-Dec-00
04-Dec-00
03-May-01
07-Jan-02

04-Dec-00
04-Dec-00
03-May-01
07-Jan-02

Number of Shares
per Listing

Total Listed
Shares

47,000,000
87,000,000
26,800,000
643,200,000

47,000,000
134,000,000
160,800,000
804,000,000

Underwriter

PT Andalan Artha Advisindo Sekuritas

Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization
Month

High
(Rp)
0
475
0
485
0
0
0
490
0
475
485
465
0
0
460
450
445
0

January-04
February-04
March-04
April-04
May-04
June-04
July-04
August-04
September-04
October-04
November-04
December-04
January-05
February-05
March-05
April-05
May-05
June-05

Stock Price
Low
(Rp)
0
475
0
475
0
0
0
465
0
475
485
460
0
0
0
445
440
0

Close
(Rp)
480
475
475
485
485
485
485
465
465
475
485
460
460
460
450
445
440
440

Frequency

Trading
Day

0
2
0
5
0
0
0
5
0
1
1
3
0
0
5
15
2
0

0
1
0
3
0
0
0
2
0
1
1
1
0
0
2
2
1
0

Shares Traded
Volume
Value
(Thousand Shares)
(Rp Million)
0.00
0.00
36.00
17.00
0.00
0.00
86.00
41.00
0.00
0.00
0.00
0.00
0.00
0.00
12.00
6.00
0.00
0.00
13.00
6.00
5.00
2.00
13.00
6.00
0.00
0.00
0.00
0.00
35.00
16.00
135.00
61.00
18.00
8.00
0.00
0.00

Listed
Shares

Market
Capitalization
(Rp Million)

804,000,000
804,000,000
804,000,000
804,000,000
804,000,000
804,000,000
804,000,000
804,000,000
804,000,000
804,000,000
804,000,000
804,000,000
804,000,000
804,000,000
804,000,000
804,000,000
804,000,000
804,000,000

385,920.00
381,900.00
381,900.00
389,940.00
389,940.00
389,940.00
389,940.00
373,860.00
373,860.00
381,900.00
389,940.00
369,840.00
369,840.00
369,840.00
361,800.00
357,780.00
353,760.00
353,760.00

Stock Price and Traded Chart

Stock Price (Rp)

Thousand Shares
0

490
480

470
0

PER = 17.31x ; PBV = 3,06x (June 2005)

Financial Year: December 31
Public Accountant: Drs. Joseph Susilo (2003); Dedy Zeinirwan Santosa (2004)

460
0
450
0
440
0
430
0

420

Shareholders

PT Selamat Sempurna Tbk

Public

330

410
Jan04

64.93%
35.07%

Indonesian Capital Market Directory 2005

Feb04

Mar04

Apr04

May04

Jun04

Institute for Economic and Financial Research

Jul04

Aug04

Sep04

Oct04

Nov04

Dec04

Jan05

Feb05

Mar05

Apr05

May05

Jun05

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