BRAM Indo Kordsa Tbk.

[S]
COMPANY REPORT : JANUARY 2014 As of 30 January 2014
Main Board Individual Index : 83.675
Industry Sector : Miscellaneous Industry (4) Listed Shares : 450,000,000
Industry Sub Sector : Automotive And Components (42) Market Capitalization : 967,500,000,000
264 | 0.97T | 0.02% | 98.35%

406 | 0.001T | 0.0001% | 99.998%

COMPANY HISTORY SHAREHOLDERS (January 2014)

Established Date : 08-Jul-1981 1. Kordsa Global A.S. 270,923,182 : 60.21%
Listing Date : 05-Sep-1990 2. Robby Sumampow 77,875,000 : 17.31%
Under Writer IPO : 3. Robby Sumampow 29,764,728 : 6.61%
PT (Persero) Danareksa 4. PT Risjadson Suryatama 25,231,500 : 5.61%
PT Multicor 5. Public (<5%) 46,205,590 : 10.26%
PT Nomura Indonesia
PT Wardley James Capel Indonesia DIVIDEND ANNOUNCEMENT
PT Buanamas Investindo Bonus Cash Recording Payment
F/I
PT Inter Pacific Year Shares Dividend Cum Date Ex Date Date Date
PT Danamon Sekuritas 1990 150.00 10-Apr-91 11-Apr-91 25-Apr-91 07-May-91 F
Securities Administration Bureau : 1991 80.00 15-Oct-91 16-Oct-91 23-Oct-91 15-Nov-91 I
PT EDI Indonesia 1991 100.00 23-Apr-92 24-Apr-92 01-May-92 14-May-92 F
Wisma SMR 10th Fl. 1992 90.00 06-Aug-92 07-Aug-92 14-Aug-92 07-Sep-92 I
Jln. Yos Sudarso Kav. 89 Jakarta 14350 1992 100.00 24-May-93 25-May-93 02-Jun-93 01-Jul-93 F
Phone : (021) 650-5829, 652-1010 1994 5:4 17-Jun-94 20-Jun-94 27-Jun-94 15-Jul-94
Fax : (021) 650-5987 1993 80.00 07-Jul-94 08-Jul-94 15-Jul-94 25-Jul-94 F
1994 80.00 08-May-95 09-May-95 18-May-95 23-May-95 F
BOARD OF COMMISSIONERS 1995 85.00 27-Jun-96 28-Jun-96 08-Jul-96 05-Aug-96 F
1. Robby Sumampow 1996 162.00 03-Jul-97 04-Jul-97 14-Jul-97 04-Aug-97 F
2. Adil Ilter Turan *) 2002 20.00 01-Sep-03 02-Sep-03 04-Sep-03 17-Sep-03 F
3. Ali Caliskan 2005 25.00 17-Jun-05 20-Jun-05 22-Jun-05 06-Jul-05
4. Cenk Alper 2005 40.00 07-Jul-06 10-Jul-06 12-Jul-06 26-Jul-06 F
5. Handityo Purnomo *) 2006 12.00 27-Jul-07 30-Jul-07 01-Aug-07 15-Aug-07 F
6. Ievan Daniar Sumampow 2007 63.00 24-Jun-08 25-Jun-08 27-Jun-08 11-Jul-08 F
7. Sertan Ozan *) 2008 125.00 18-Jun-09 19-Jun-09 23-Jun-09 29-Jun-09 F
*) Independent Commissioners 2009 50.00 08-Jul-10 09-Jul-10 13-Jul-10 27-Jul-10 F
2009 75.00 11-Oct-10 12-Oct-10 14-Oct-10 28-Oct-10 F
BOARD OF DIRECTORS 2010 50.00 19-Jul-11 20-Jul-11 22-Jul-11 05-Aug-11 F
1. Nuri Refik Duzgoren 2010 75.00 22-Nov-11 23-Nov-11 25-Nov-11 09-Dec-11 F
2. Bulent Arasli 2011 50.00 10-Jul-12 11-Jul-12 13-Jul-12 25-Jul-12 F
3. Emine Duygu Kirca 2011 100.00 07-Dec-12 10-Dec-12 12-Dec-12 27-Dec-12 F
4. Hakan Oker 2012 100.00 01-Jul-13 02-Jul-13 04-Jul-13 17-Jul-13 F
5. Ibrahim Haluk Kaban 2012 75.00 21-Oct-13 22-Oct-13 24-Oct-13 08-Nov-13 F
6. Iefenn Adrianne Sumampow
7. Reza Herman Surjaningrat ISSUED HISTORY
Listing Trading
AUDIT COMMITTEE No. Type of Listing Shares Date Date
1. Adil Ilter Turan 1. First Issue 12,500,000 05-Sep-90 05-Sep-90
2. F. Antonius Alijoyo 2. Partial Listing 25,000,000 11-Sep-90 18-Sep-90
3. Rodion Wikanto N 3. Founders Shares 87,500,000 18-Jul-94 18-Jul-94
4. Bonus Shares (Founders & Public) 100,000,000 18-Jul-94 18-Jul-94
CORPORATE SECRETARY 5. Stock Split 225,000,000 27-Aug-97 27-Aug-97
Deassy Aryanti

HEAD OFFICE
Jln. Pahlawan,
Desa Karang Asem Timur
Citeureup Bogor - 16810
Phone : (021) 875-2115
Fax : (021) 875-3934, 879-12252

Homepage : www.indokordsa.com
Email : deassy.aryanti@kordsaglobal.com
 BRAM Indo Kordsa Tbk. [S]
TRADING ACTIVITIES
Closing Price* and Trading Volume
Indo Kordsa Tbk. [S] Closing Price Freq. Volume Value

Day
Closing Volume
Price* January 2010 - January 2014 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
3,400 16.0 Jan-10 1,200 1,200 1,200 1 1 1 1
Feb-10 - - 1,200 - - - -
2,975 14.0 Mar-10 - - 1,200 1 0.3 0.3 1
Apr-10 - - 1,200 1 1 0.6 1
May-10 1,200 1,200 1,200 1 5 6 1
2,550 12.0
Jun-10 1,430 1,250 1,430 7 61 85 4
Jul-10 1,500 1,450 1,500 5 91 136 5
2,125 10.0
Aug-10 - - 1,500 - - - -
Sep-10 2,100 1,500 2,100 31 91 161 9
1,700 8.0
Oct-10 2,700 2,125 2,300 44 54 128 12
Nov-10 2,700 2,300 2,500 20 30 76 7
1,275 6.0 Dec-10 2,550 2,000 2,400 15 21 49 8

850 4.0 Jan-11 2,350 2,200 2,200 10 17 37 6

Feb-11 2,550 2,550 2,550 2 6 14 1
425 2.0 Mar-11 2,150 2,050 2,050 3 11 22 2
Apr-11 2,100 2,100 2,100 1 3 5 1
May-11 2,125 2,100 2,125 3 2 4 2
Jun-11 2,450 2,100 2,450 7 10 21 3
Jan-10 Jan-11 Jan-12 Jan-13 Jan-14
Jul-11 2,475 2,100 2,100 114 17,614 29,053 11
Aug-11 2,200 1,950 1,950 23 45 90 8
Sep-11 2,475 2,000 2,100 19 14 31 8
Closing Price*, Jakarta Composite Index (IHSG) and Oct-11 2,300 2,200 2,300 2 3 6 2
Miscellaneous Industry Index Nov-11 2,575 2,150 2,150 5 4 10 4
January 2010 - January 2014 Dec-11 - - 2,150 - - - -
140%
Jan-12 2,200 2,000 2,000 19 141 274 8
120% Feb-12 2,325 2,000 2,000 11 14 28 4
Mar-12 2,375 2,050 2,375 9 1,504 3,909 3
100% Apr-12 2,275 1,950 1,950 44 85 172 9
May-12 2,400 1,950 2,000 35 53 112 14
87.9%
80% Jun-12 2,300 2,000 2,300 20 25 51 12
71.6% Jul-12 3,350 2,000 3,350 73 111 314 10
Aug-12 3,700 2,225 2,300 48 52 143 8
60%
Sep-12 2,725 2,250 2,725 19 38 89 10
48.3% Oct-12 3,000 2,500 3,000 29 80 222 13
40%
Nov-12 - - 3,000 1 0.3 0.8 1
Dec-12 3,000 3,000 3,000 2 8 23 1
20%

Jan-13 3,250 2,800 2,800 3 4 11 3

- Feb-13 3,000 2,550 2,550 14 13 35 6
Mar-13 3,000 2,525 3,000 20 29 78 11
-20% Apr-13 2,900 2,150 2,250 34 62 154 5
Jan 10 Jan 11 Jan 12 Jan 13 Jan 14 May-13 2,800 2,200 2,350 20 30 68 10
Jun-13 2,750 2,350 2,700 11 6 16 7
Jul-13 2,700 2,700 2,700 2 1 3 1
SHARES TRADED 2010 2011 2012 2013 Jan-14 Aug-13 2,700 2,500 2,600 6 10 26 5
Volume (Million Sh.) 0.4 18 2 0.2 0.01 Sep-13 2,850 2,700 2,800 5 5 12 4
Value (Billion Rp) 0.6 29 5 0.4 0.03 Oct-13 - - 2,800 - - - -
Frequency (Thou. X) 0.1 0.2 0.3 0.1 0.01 Nov-13 2,500 2,500 2,500 2 3 6 1
Days 49 48 93 54 4 Dec-13 2,250 2,250 2,250 1 3 6 1

Price (Rupiah) Jan-14 2,200 2,150 2,150 13 13 29 4

High 2,700 2,575 3,700 3,250 2,200
Low 1,200 1,950 1,950 2,150 2,150
Close 2,400 2,150 3,000 2,250 2,150
Close* 2,400 2,150 3,000 2,250 2,150

PER (X) 8.05 17.60 5.69 20.40 16.33

PER Industry (X) 16.08 12.24 18.33 18.64 14.95
PBV (X) 1.01 0.81 0.82 0.54 0.48
* Adjusted price after corporate action
 BRAM Indo Kordsa Tbk. [S]
Financial Data and Ratios Book End : December
Public Accountant : Osman Bing Satrio & Eny (Member of Deloitte Touche Tohmatsu Limited)

BALANCE SHEET Dec-09 Dec-10 Dec-11 Dec-12 Sep-13 TOTAL ASSETS AND LIABILITIES (Bill. Rp)
(Million Rp except Par Value) Assets Liabilities
Cash & Cash Equivalents 133,843 56,203 107,779 41,805 45,238 2,875

Receivables 231,915 277,945 327,103 357,640 419,013

237,106 291,293 350,750 355,883 540,773 2,300
Inventories
Current Assets 656,111 725,930 845,267 835,067 1,152,227
1,725
Fixed Assets 645,429 724,663 712,670 1,262,484 1,463,673
Other Assets 24,959 24,883 21,699 23,003 8,879
1,150
Total Assets 1,349,631 1,492,728 1,660,119 2,223,454 2,769,184
Growth (%) 10.60% 11.21% 33.93% 24.54% 575

Current Liabilities 190,876 180,688 303,092 392,497 695,999 -

Long Term Liabilities 33,997 103,162 155,302 190,701 180,831 2009 2010 2011 2012 Sep-13
Total Liabilities 224,873 283,851 458,394 583,198 876,830
Growth (%) 26.23% 61.49% 27.23% 50.35%
TOTAL EQUITY (Bill. Rp)
Authorized Capital 350,000 350,000 350,000 350,000 350,000 1,892
Paid up Capital 225,000 225,000 225,000 225,000 225,000 1,892

1,640
Paid up Capital (Shares) 450 450 450 450 450
Par Value 500 500 500 500 500
1,506

1,202
Retained Earnings 667,584 745,494 756,734 95,815 59,031 1,073
1,120 982
Total Equity 981,988 1,072,556 1,201,725 1,640,256 1,892,354
Growth (%) 9.22% 12.04% 36.49% 15.37% 734

INCOME STATEMENTS Dec-09 Dec-10 Dec-11 Dec-12 Sep-13 348

Total Revenues 1,500,639 1,805,360 1,900,212 1,683,897 1,653,653

Growth (%) 20.31% 5.25% -11.38%
-38

2009 2010 2011 2012 Sep-13

Cost of Revenues 1,260,000 1,497,479 1,616,095 1,544,554 1,510,176

Gross Profit 240,639 307,881 284,117 139,343 143,477
TOTAL REVENUES (Bill. Rp)
Expenses (Income) 86,278 93,451 161,110 -114,365 69,382
Operating Profit 154,361 214,430 123,007 253,708 74,095 1,900
1,805
Growth (%) 38.91% -42.64% 106.25% 1,684
1,900

1,654
1,501
1,513

Other Income (Expenses) -20,423 -533 - -8,914 -8,263

Income before Tax 133,937 213,897 123,007 244,795 65,832 1,125

Tax 58,224 69,123 51,968 26,772 25,868

Profit for the period 75,713 144,775 71,040 218,023 39,964
737

Growth (%) 91.22% -50.93% 206.90%

350

Period Attributable - - - 218,023 37,216 -38

Comprehensive Income 72,106 134,160 54,979 237,177 23,778 2009 2010 2011 2012 Sep-13
Comprehensive Attributable - - - 174,595 25,901

RATIOS Dec-09 Dec-10 Dec-11 Dec-12 Sep-13 PROFIT FOR THE PERIOD (Bill. Rp)
Current Ratio (%) 343.74 401.76 278.88 212.76 165.55
218
Dividend (Rp) 125.00 125.00 150.00 175.00 - 218

EPS (Rp) - - - 484.50 82.70

BV (Rp) 2,182.19 2,383.46 2,670.50 3,645.01 4,205.23 174

145
DAR (X) 0.17 0.19 0.28 0.26 0.32
0.23 0.26 0.38 0.36 0.46
129

DER(X)
ROA (%) 5.61 9.70 4.28 9.81 1.44 85
76 71
ROE (%) 7.71 13.50 5.91 13.29 2.11 40
GPM (%) 16.04 17.05 14.95 8.28 8.68 40

OPM (%) 10.29 11.88 6.47 15.07 4.48

NPM (%) 5.05 8.02 3.74 12.95 2.42
-4

2009 2010 2011 2012 Sep-13

Payout Ratio (%) 36.12 -
Yield (%) 8.62 5.21 6.98 5.83 -