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INAI
INDAL ALUMINUM INDUSTRY TBK.
Company Profile
PT Indal Aluminium Industry Tbk (the Company) was established within the framework of
the Domestic Capital Investment Law No. 6 year 1968 as amended by Law No. 12 year 1970
th
based on Notarial Deed No. 62 dated July 16 ,1971 of Djoko Supadmo, S.H., notary in
st
Jakarta which was amended by notarial deed No. 2 dated November 1 , 1973 of Eliza
Pondaag, S.H., notary in Jakarta.
The Company's head office is located at Jln. Kembang Jepun No. 38 - 40 Surabaya 60162
and its plants are located in Maspion Unit I Gedangan, Sidoarjo.
In Accordance with articles number 3 of Company's article association, the scope of its
activities is mainly to engage in the manufacture of aluminium sheets, rolling mill, and
plant extrusion. The Company started commercial operations in January 1974. The
Company's product are marketed both domestically and internasionally, including
Australia, Asia and Europe.
The Company has ownership interest in the following subsidiaries; PT Indalex , PT Indal
Investindo, PT Indal Servis Sentra and PT ERP Multisolusi Indonesia.
Now, the Company has become one of the largest fully-integrated aluminium
manufacturers in South East Asia that delivers value in product quality and customer
service. Being an ISO 9001:2000 certified company and having semi-automatic production
facilities, Indals extrusion and fabrication divisions ensure the production processes
adhere to the international quality standards.
August 2010
Disclaimer:
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 Indonesia 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.
INAI
As of 31 January 2011
Individual Index
:
Listed Shares
:
Market Capitalization:
Development Board
Industry Sector : Basic Industry And Chemicals (3)
Industry Sub Sector : Metal And Allied Products (33)
COMPANY HISTORY
Established Date
: 16-Jul-1971
1. PT Husin Investama
Listing Date
: 05-Dec-1994
2. PT Satria Investindo
27.347
158,400,000
47,520,000,000
46,264,000 : 29.00%
15,836,000 : 9.00%
12,420,000 : 7.00%
3. PT Marindo Investama
9,936,000 : 6.00%
9,936,000 : 6.00%
4. PT Guna Investindo
5. PT Mulindo Investama
6. PT Prakindo Investama
Wisma Sirca
7. Haiyanto
9,936,000 : 6.00%
8,443,500 : 5.00%
DIVIDEND ANNOUNCEMENT
: 390-0671, 390-0652
Year
BOARD OF COMMISSIONERS
1. Angkasa Rachmawati
1994
1995
4. Gunardi
5. Supranoto Dipokusumo *)
Bonus
Shares
Cash
Devidend
Cum
Date
Ex
Date
Recording
Date
Payment
Date F/I
18-Aug-95 F
10-Jul-95
11-Jul-95
19-Jul-95
12-Jan-96
15-Jan-96
23-Jan-96
30.00
18-Jul-96
19-Jul-96
29-Jul-96
1996
30.00
28-Jul-97
29-Jul-97
06-Aug-97
02-Sep-97 F
1998
20.00
26-Jul-99
27-Jul-99
04-Aug-99
02-Sep-99 F
1999
35.00
26-Jul-00
27-Jul-00
04-Aug-00
21-Aug-00 F
1996
100.00
5:4
16-Feb-96
27-Aug-96 F
*) Independent Commissioners
ISSUED HISTORY
BOARD OF DIRECTORS
1. Alim Markus
Shares
Listing
Date
Trading
Date
1. First Issue
05-Dec-94
Type of Listing
2. Alim Prakasa
3. Alim Satria
4. Cahyadi Salim
13,200,000
05-Dec-94
2. Company Listing
30,800,000
05-Dec-94
09-Jul-95
3. Stock Split
44,000,000
29-Jan-96
29-Jan-96
5. Welly Mullawan
4. Bonus Shares
70,400,000
26-Feb-96
26-Feb-96
AUDIT COMMITTEE
1. Budiprajogo Limanto
2. Dina Kusumawati
3. Heri Kustiyono Rudiantoro
CORPORATE SECRETARY
Ariawan Wiradinata
HEAD OFFICE
Jln. Kembang Jepun 38 - 40
Surabaya 60162
Phone : (031) 353-0333, 353-1445, 354-1040
Fax
: (031) 353-3055
Homepage : www.indalcorp.com
Email
: info@indalcorp.com
595
210
510
180
425
150
340
120
255
90
170
60
85
30
Jan 07
Jan 08
Jan 09
Jan 10
Jan 11
210%
175%
175%
140%
140%
105%
105%
70%
70%
35%
35%
-35%
-70%
Jan 07
Jan 08
SHARES TRADED
Volume (Million Shares)
Value (Billion Rp)
Frequency (X)
Days
Price (Rupiah)
High
Low
Close
Close*
PER (X)
PER Industry (X)
PBV (X)
-35%
Jan 09
-70%
Jan 10
Jan 11
2007
133
61
5,755
203
2008
187
59
8,478
181
2009
764
282
59,837
160
2010
626
206
71,859
243
Jan-11
2
1
268
20
630
171
285
285
360
83
120
120
440
83
215
215
425
181
360
360
370
285
300
300
135.01
25.98
0.60
18.87
10.41
0.25
-1.24
6.15
0.61
4.57
11.19
0.78
3.81
10.74
0.65
TRADING ACTIVITIES
Closing Price
Month
High
Low Close
Jan-07
Feb-07
Mar-07
Apr-07
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-00
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-00
Jan-09
Feb-09
Mar-09
Apr-09
May 09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-00
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-00
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
Freq.
(X)
Volume
Value
(Thou. Sh) (Million Rp)
Day
Closing
Price*
INAI
200
195
210
415
390
300
610
630
485
405
455
340
176
173
171
205
290
240
255
210
280
330
315
270
180
173
200
330
300
300
590
280
380
345
345
285
68
75
141
805
260
19
567
1,970
856
156
731
107
1,117
1,463
3,614
15,687
3,509
102
13,041
58,604
14,800
1,626
17,303
2,074
207
271
715
4,716
1,219
29
5,332.5
33,530
6,368
578
7,161
697
13
13
18
19
15
9
21
22
20
17
22
14
300
265
250
360
310
260
265
255
230
167
131
125
230
225
180
190
250
220
220
210
150
83
97
111
250
230
250
255
260
240
230
225
190
83
131
120
38
30
29
5,698
950
524
661
326
97
82
18
25
1,330
1,483
1,741
154,344
9,722
4,151
6,462
3,562
1,403
1,759
254
300
468
536
531
50,591
2,738
1,000
1,555
842
290
205
27
38
10
15
13
19
20
20
22
20
14
13
9
6
120
130
225
240
370
230
235
395
440
370
290
120
93
130
225
210
192
210
225
260
335
270
215
93
83
115
180
175
186
200
225
245
270
205
5
81
32
141
2,399
209
76
5,727
38,054
12,614
499
95
428
529
10 004
10,004
39,820
1,693
1,360
56,287
495,637
153,423
4,337
11
50
74
1 707
1,707
12,727
345
298
20,046
192,955
53,149
1,068
2
5
6
7
22
20
19
18
22
20
19
245
255
270
335
420
255
255
265
295
405
390
425
205
215
235
245
181
200
235
235
250
250
325
340
220
235
250
270
215
235
240
260
290
400
375
360
714
225
1,451
11,418
45,982
4,916
1,342
428
1,232
1,766
958
1,427
3,677
4,428
18,192
110,569
384,593
31,473
11,239
5,323
9,475
17,615
14,205
14,893
804
1,003
4,643
33,918
134,225
7,562
2,796
1,322
2,636
5,690
5,205
5,809
20
19
21
21
19
22
22
20
17
21
21
20
370
285
300
268
1,953
610 20
INAI
Dec-2006
Dec-2007
Dec-2008
Dec-2009
Sep-2010
3,956
5,520
28,060
3,815
4,900
119,270
119 270
108,959
108 959
138
138,522
522
107,853
107 853
56,748
56 748
(Billion Rupiah)
625
Assets
Liabilities
500
Inventories
181,832
131,057
194,742
118,170
158,358
Current Assets
330,309
288,603
419,384
273,189
285,162
62,818
47,214
37,888
31,782
28,417
Fixed Assets
Other Assets
772
42
4,114
4,202
4,873
Total Assets
534,462
482,712
622,405
470,416
491,266
-9.68%
28.94%
-24.42%
4.43%
Growth (%)
375
250
125
-
Current Liabilities
181,538
198,613
348,410
263,876
189,185
299,194
208,501
197,390
142,759
228,933
Total Liabilities
480,733
407,114
545,800
406,635
418,118
-15.31%
34.07%
-25.50%
2.82%
154,000
154,000
154,000
154,000
154,000
79,200
79,200
79,200
79,200
79,200
158
158
158
158
158
Par Value
500
500
500
500
500
-29,210
-28,876
-27,868
-40,693
-31,326
53,730
75,598
76,605
63,781
73,147
40.70%
1.33%
-16.74%
14.69%
Dec-2006
Dec-2007
Dec-2008
Dec-2009
Sep-2010
557,583
514,055
642,018
470,650
335,635
-7.81%
24.89%
-26.69%
485,602
431,549
551,068
386,818
Gross Profit
71,980
82,505
90,950
83,832
60,547
Operating Expenses
40,194
43,420
47,049
45,660
36,709
Operating Profit
31,786
39,085
43,901
38,172
23,838
22.96%
12.32%
-13.05%
-39,448
-41,800
-48,834
-11,260
Growth (%)
Minority Interest
Authorized Capital
Paid up Capital
2006
2007
2008
2009
Sep-10
77
73
77
64
61
54
46
Retained Earnings
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
Growth (%)
Expenses
Growth (%)
31
15
2006
2007
2008
2009
275,088
642
642
558
514
471
514
336
385
-27,594
4,192
-363
2,101
-10,663
12,578
Tax
1,963
-697
1,094
2,162
3,211
9,366
Minority Interest
Net Income
12,539
334
1,008
-12,824
-97.33%
201.31%
N/A
Dec-2006
Dec-2007
Dec-2008
Dec-2009
Sep-2010
181.95
145.31
120.37
103.53
150.73
79.16
2.11
6.36
-80.96
59.13
BV (Rp)
339.20
477.26
483.62
402.66
461.79
DAR (X)
0.90
0.84
0.88
0.86
0.85
DER(X)
8.95
5.39
7.12
6.38
5.72
ROA (%)
0.78
-0.08
0.34
-2.27
2.56
Growth (%)
RATIOS
Current Ratio (%)
Dividend (Rp)
EPS (Rp)
257
128
2006
7.80
-0.48
2.74
-16.72
17.19
GPM (%)
12.91
16.05
14.17
17.81
18.04
OPM (%)
5.70
7.60
6.84
8.11
7.10
NPM (%)
2.25
0.07
0.16
-2.72
2.79
Yield (%)
( )
2007
2008
2009
Sep-10
ROE (%)
Sep-10
-3
2006
2007
2008
2009
-8
-13
-13
Sep-10