PTJakartaKyoeiSteelWorksTbk.

Business

Steel

CompanyStatus

PMDN

Underwriter

PTMashillJayaSecurities

Shareholder
2000
PTDivisiMultiSejati
PTMatahariDiptanusa
Public

2001
36.60% PTDevisiMultiSejahtera
28.67% PTMatahariDiptanusa
34.73% TheeNingKhong
Public

2005
PTDevisiMultiSejahtera
PTMatahariDiptanusa
TheeNingKhong
Public

2006
36.67% PTDevisiMultiSejahtera
28.67% PTMatahariDiptanusa
1.33% TheeNingKhong
33.33% Public

2002
36.67% PTDevisiMultiSejahtera
28.67% PTMatahariDiptanusa
1.33% TheeNingKhong
33.33% Public

2007
30.56% PTDevisiMultiSejahtera
28.67% PTMatahariDiptanusa
1.33% TheeNingKhong
39.44% Public

2003
36.67% PTDevisiMultiSejahtera
28.67% PTMatahariDiptanusa
1.33% TheeNingKhong
33.33% Public

2008
30.56% PTDevisiMultiSejahtera
28.67% PTMatahariDiptanusa
1.33% TheeNingKhong
39.44% Public

2004
36.67% PTDevisiMultiSejahtera
28.67% PTMatahariDiptanusa
1.33% TheeNingKhong
33.33% Public

36.67%
28.67%
1.33%
33.33%

2009
30.56% PTDevisiMultiSejahtera
28.67% PTMatahariDiptanusa
1.33% TheeNingKhong
39.44% Public

30.56%
28.67%
1.33%
39.44%

Management & Number of Employees

Board of Commissioners

Board of Directors

Number of Employees

2000 President Commissioner

Commissioners

Thee Ning Khong

The Wai Ping Rebecca, Ridwan Usman

President Director
Vice President Directors
Directors

Muhammad Djauhari, MBA

The Kwen Ie
Gunadi Sularko

318

2001 President Commissioner

Commissioners

Thee Ning Khong

Ridwan Usman

President Director
Vice President Directors
Directors

Muhammad Djauhari, MBA

The Kwen Ie
Gunadi Sularko

200

2002 President Commissioner

Commissioners

Thee Ning Khong

Sartomo

President Director
Vice President Directors
Directors

Muhammad Djauhari, MBA

The Kwen Ie
Gunadi Sularko

200

2003 President Commissioner

Commissioners

Thee Ning Khong

Drs. Fuad Djafar

President Director
Vice President Directors
Directors

Muhammad Djauhari, MBA

The Kwen Ie
Harry Lasmono Hartawan

200

2004 President Commissioner

Commissioners

Thee Ning Khong

Drs. Fuad Djafar

President Director
Vice President Directors
Directors

Muhammad Djauhari, MBA

The Kwen Ie
Harry Lasmono Hartawan

198

2005 President Commissioner

Commissioners

Thee Ning Khong

Drs. Fuad Djafar

President Director
Vice President Directors
Directors

Muhammad Djauhari, MBA

The Kwen Ie
Harry Lasmono Hartawan

198

2006 President Commissioner

Commissioners

Thee Ning Khong

Drs. Fuad Djafar

President Director
Vice President Directors
Directors

Muhammad Djauhari, MBA

The Kwen Ie
Harry Lasmono Hartawan

198

2007 President Commissioner

Commissioners

Thee Ning Khong

Drs. Fuad Djafar

President Director
Vice President Directors
Directors

Muhammad Djauhari, MBA

The Kwen Ie
Harry Lasmono Hartawan

201

2008 President Commissioner

Commissioners

Thee Ning Khong

Drs. Fuad Djafar

President Director
Vice President Directors
Directors

Muhammad Djauhari, MBA

The Kwen Ie
Harry Lasmono Hartawan

192

2009 President Commissioner

Commissioner

Thee Ning Khong

Drs. Fuad Djafar

President Director
Vice President Director
Director

Muhammad Djauhari, MBA

The Kwen Ie
Harry Lasmono Hartawan

174

1998

1999

2000

Total Assets
Current Assets
of which
Cash on hand and in banks
Cash and cash equivalents
Short-term investment
Trade receivables
Inventories
Trade receivable from affiliates
Advances
Non-current Assets
of which
Fixed Asset Net
Deffered Tax Assets-Net
Investments
Other Assets

408,710
218,363

377,953
101,501

310,187
90,296

2,160

659

362

Liabilities
Current Liabilities
of which
Bank loans
Bank borrowings
Short-term debts
Taxes payable
Trade payables
Accrued expenses
Current maturities of
long-term debt
Long-term Liabilities
of which
Bank borrowings
Non-Current Liabilities
Minority Interests in Subsidiaries

(million rupiah)
2001

2002

2003

2004

2005

383,165
154,482

538,583
254,119

376,676
117,430

309,187
117,632

289,447
110,097

470

649

729

636
440

71,290
64,710

85,891
14,336

84,539
4,990

129,970
23,609

224,623
27,354

91,763
24,120

97,870
9,493

82,256
19,494

184,010

200,249

97,309

99,246

284,464

259,246

191,555

179,350

91,222
100,116

87,935
83,616

48,871
52,428

6,336

76,202

122,583

129,436

48,125
39,324

1,695

1,662

1,240

1,257

536,989
497,622

558,046
526,888

699,528
692,584

852,544
808,215

901,684
885,413

701,558
685,230

675,505
659,125

648,612
25,717

384,752

397,892

391,262

375,452

636,548

568,543

588,226

37,414
39,122

22,186
66,706

29,598
224,583

105,000
278,585

196,908
51,956

66,931
9,346

68,625
753

125
23,554
953

39,366

31,158

6,944

44,329

16,271

16,328

16,380

622,895

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

(128,279)
75,000

(180,093)
75,000

(389,342)
75,000

(469,379)
75,000

(363,101)
75,000

(324,882)
75,000

(366,318)
75,000

(359,165)
75,000

7,500
38
(210,817)

4,846
38
(259,978)

4,846
38
(469,226)

4,846
38
(549,263)

4,846
38
(442,985)

4,846
38
(404,767)

4,846
38
(446,202)

4,846
38
(439,049)

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

148,724
92,693
56,031
31,250
24,781
(202,686)
(177,905)
(177,905)

51,063
48,794
2,269
3,691
(1,422)
(43,916)
(45,338)
(45,200)

17,439
22,001
(4,562)
18,804
(23,366)
(225,200)
(248,567)
(209,248)

30,476
34,713
(4,237)
2,854
(7,090)
(73,193)
(80,283)
(80,038)

189,413
185,545
3,868
3,864
4
33,997
34,002
23,516

105,893
111,053
(5,160)
4,395
(9,555)
10,706
54,719
38,219

87,332
73,228
14,104
12,792
1,312
(20,784)
(10,247)
(41,435)

110,185
93,282
16,902
6,737
10,166
(11,592)
25,211
10,622

Per Share Data (Rp)

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

(1,186)
(855)
500

(301)
(1,201)
275

(1,395)
(2,596)
70

(534)
(3,129)
25

157
(2,421)
n.a
15

255
(2,166)
n.a
40

(276)
(2,442)
n.a
65

71
(2,394)
n.a
65

(0.42)
(0.58)
-

(0.91)
(0.23)
-

(0.05)
(0.03)
-

(0.05)
(0.01)
-

0.10
(0.01)
n.a
n.a

0.16
(0.02)
n.a
n.a

(0.24)
(0.03)
n.a
n.a

0.92
(0.03)
n.a
n.a

0.44
n.a.
1.31
0.38
0.17
n.a.
1.43
0.36
(43.53)
n.a.

0.19
n.a.
1.48
0.04
n.a.
n.a.
3.40
0.14
(11.96)
(25.10)

0.13
n.a.
2.26
n.a.
n.a.
n.a.
4.41
0.06
(67.46)
(53.74)

0.19
n.a.
2.23
n.a.
n.a.
n.a.
1.47
0.08
(20.89)
(17.05)

0.29
n.a.
1.67
0.02
n.a.
0.12
6.78
0.35
4.37
6.48

0.17
n.a.
1.86
n.a
n.a.
0.36
4.60
0.28
10.15
11.76

0.18
n.a.
2.18
0.16
1.50
n.a.
7.71
0.28
(13.40)
(11.31)

4.28
n.a.
2.24
0.15
9.23
0.10
4.79
0.38
3.67
2.96

1998

1999
(7.53)
40.39
(65.67)
(74.59)

2000
(17.93)
116.19
(65.85)
362.94

2001
23.53
20.56
74.76
(61.75)

2003
(30.06)
(10.53)
(44.09)
62.52

2004
(17.92)
12.75
(17.53)
(208.41)

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

2002
40.56
(22.64)
521.52
(129.38)

2005
(6.38)
(1.95)
26.17
(125.64)

SUMMARY OF FINANCIAL STATEMENT

PT. Jakarta Kyoei Steel Works Limited (JKSW)

2006

(millionrupiah)
2007

2008

TotalAssets
CurrentAssets
ofwhich
Cashandcashequivalents
Tradereceivables
Inventories
NonCurrentAssets
ofwhich
FixedAssetsNet
DefferedTaxAssets
OtherAssets

263,493
103,196

290,140
146,127

300,345
150,710

594
84,609
10,125
160,297

803
115,011
29,056
144,013

386
100,504
48,468
149,635

47,523
19,694
1,232

47,315
16,901
1,244

47,167
29,010
1,293

Liabilities
CurrentLiabilities
ofwhich
TaxesPayable
Tradepayables
Accruedexpenses
NonCurrentLiabilities

617,095
12,967

678,743
65,086

718,864
67,265

713
10,268
900
604,128

239
62,591
1,169
613,657

70
65,696
426
651,599

Shareholders'Equity
Paidupcapital
Paidupcapital
inexcessofparvalue
Revolutionoffixedassets
Retainedearnings(accumulatedloss)

(353,602)
75,000

(388,604)
75,000

(418,519)
75,000

4,846
38
(433,486)

4,846
38
(468,488)

4,846
n.a
(498,365)

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

125,853
107,664
18,189
10,066
8,123
17,070
25,194
5,563

131,285
121,966
9,319
33,280
(23,961)
(8,248)
(32,209)
(35,002)

190,057
169,586
20,471
26,768
(6,297)
(35,728)
(42,025)
(29,916)

37
(2,357)
n.a
145

(233)
(2,591)
n.a
240

(199)
(2,790)
n.a
85

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

3.91
(0.06)
n.a
n.a

(1.03)
(0.09)
n.a
n.a

(0.43)
(0.03)
n.a
n.a

CurrentRatio(x)
DebttoEquity(x)
LeverageRatio(x)
GrossProfitMargin(x)
OperatingProfitMargin(x)
NetProfitMargin(x)
InventoryTurnover(x)
TotalAssetsTurnover(x)
ROI(%)
ROE(%)

7.96
n.a.
2.34
0.14
6.45
0.04
10.63
0.48
2.11
1.57

2.25
n.a.
2.34
0.07
n.a
n.a
4.20
0.45
(12.06)
(9.01)

2.24
n.a.
2.39
0.11
n.a
n.a
3.50
0.63
(9.96)
(7.15)

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

PER=0.51x;PBV=0.03x(June2009)
FinancialYear:December31
PublicAccountant:S.Mannan,Sofwan,Adnan&Co.(2007);
Achmad,Rasyid,Hisbullah&Jerry(2008)