PT Argha Karya Prima Industry Tbk.

Head Office

Jl. Pahlawan, Desa Karang Asem Barat

Citeureup 16810, Bogor, Jawa Barat
Phone (021) 875-2707 (Hunting)
Fax (021) 875-2248 (General)
E-mail: marketing@arkaprin.co.id
Website: www.arghakarya.com
Factory
Jl. Pahlawan, Desa Karang Asem Barat
Citeureup 16810, Bogor, Jawa Barat
Phone (021) 875-2707 (Hunting)
Fax (021) 875-2248 (General)
E-mail: marketing@arkaprin.co.id
Website: www.arghakarya.com
Representative Office Kompleks Pergudangan Margomulyo
Permai Blok E/1
Surabaya 60118, Jawa Timur
Phone (031) 748-0781, Fax (031) 748-0782
Business
Integrated Manufacturer of Flexible Packaging
Company Status
PMDN

Financial Performance: The Company booked net

income amounted IDR 51.213 billion in 2011, lower than last
year income worth IDR 68 billion.
Brief History: The company took over 100% of the
stock of three companies: PT Storex Bima Raya which manufactures and markets biaxially oriented polypropylene film (BOPP
film), PT Apindo Prima Karya, a producer of rigid food grade
polyvinyl chloride, and PT Fimeco Perkasa which manufactures
and markets flexible packaging. The company production capacity: BOPP film 22,000 tons per annum, PVDC coating 2,500
tons per annum and Flexible packaging 110 million square meters. The company controlled more than 50% of the domestic
market for BOPP film. The company also exports its products
and founded overseas subsidiaries: International Resources
Corporation in the United States, and International Resources
Corporation (HK) Ltd. in Hongkong. In addition, the company
has acquired 44% stake in Stenta Film (Malaysia) Sdn. Bhd. which
began production of BOPP film in 1993. On October 1995, the
company manufacturing polyester film (PET), a new high-technology product used in packaging. This product, named ARETA,
has many superior qualities.

Shareholders
Asia Investment Limited
Shenton Finance Corporation
PT Nawa Panduta
Morgan Stanley & Co.
International Capital Ltd.
PT Gitanirwana Mandrasakti
Irawan Basuki
PT Argha Karya Prima Industry Tbk
(Treasury Stock)
Public

288

Plastics and Glass Products

Summary of Financial Statement

(Million Rupiah)
2009
2010
2011
Total Assets
Current Assets
of which
Cash and cash equivalents
Trade receivables
Inventories
Non-Current Assets
of which
Fixed Assets-Net
Investments
Other Assets
Liabilities
Current Liabilities
of which
Short term-debt
Trade payables
Taxes payable
Accrued expenses
Non-Current Liabilities
Shareholders' Equity
Paid-up capital
Paid-up capital
in excess of par value
Retained earnings (accumulated loss)
Net Sales
Cost of Good Sold
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Profit (Loss) before Taxes
Comprehensive Profit (Loss)

1,587,636
781,674

1,297,898
501,822

1,523,750
674,856

253,908
192,945
204,683
805,962

68,906
165,771
215,519
796,077

96,626
255,517
214,737
848,893

748,562
n.a
11,585

698,017
95,068
2,992

743,001
98,749
3,016

756,476
521,006

608,947
280,154

783,585
483,167

81,799
116,501
6,182
31,055
235,470

90,420
101,695
2,134
8,072
328,793

161,025
237,860
2,630
10,956
300,418

831,160
340,000

688,951
340,000

740,165
340,000

303,829
187,330

303,829
45,122

303,829
96,335

1,386,209
1,057,674
328,535
139,196
189,339
(41,007)
148,332
94,593

1,099,386
891,082
208,305
111,978
96,327
(6,512)
89,815
68,000

1,505,559
1,294,415
211,144
112,858
98,286
(21,601)
76,684
51,213

139
1,222
n.a
600

100
1,013
n.a
960

75
1,088
n.a
1,020

4.31
0.49
n.a
n.a

9.60
0.95
n.a
n.a

13.54
0.94
n.a
n.a

1.79
0.88
0.47
0.19
0.09
0.06
4.13
0.85
5.24
9.87

1.40
1.06
0.51
0.14
0.07
0.03
6.03
0.99
3.36
6.92

Per Share Data (Rp)

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

1.50
0.91
0.48
0.24
0.14
0.07
5.17
0.87
5.96
11.38

PER = 15.23x ; PBV = 0.84x (June 2012)

Financial Year: December 31
Public Accountant : Purwantono, Suherman & Surja

19.22%
18.92%
15.05%
11.93%
6.56%
4.69%
0.53%
9.97%
13.13%

(million rupiah)
2012
2011
Total Assets
Current Assets
Non-Current Assets
Liabilities
Shareholders' Equity
Net Sales
Profit after Taxes
ROI (%)
ROE (%)

1,583,399
738,928
844,471
826,864
756,535
746,892
12,520

1,548,574
717,813
830,760
800,927
747,646
736,638
60,066

0.79
1.65

3.88
8.03

In June

Indonesian Capital Market Directory 2012

PT Argha Karya Prima Industry Tbk.

Plastics and Glass Products

Board of Commissioners
President Commissioner Andry Pribadi
Commissioners Surya Widjaja, Henry Liem,
Johan Paulus Yoranouw, Widjojo Budiarto

Board of Directors
President Director Wilson Pribadi
Directors Kristianto Mangkusaputra, Edward Djumali,
Jimmy Tjahjanto, Jeyson Pribadi
Number of Employees 833

No

Type of Listing

1
2
3
4
5
6
7
8

First Issue
Company Listing
Bonus Shares
Right Issue
Right Issue
Bonus Shares
Stock Split
Additional Listing Without HMETD

Listing Date

Trading Date

Number of Shares
per Listing

18-Dec-92
18-Dec-92
22-Dec-93
01-Mar-94
01-Mar-94
21-Apr-97
21-Apr-97
09-Oct-03

18-Dec-92
18-Dec-92
22-Dec-93
27-Apr-94
28-Apr-94
21-Apr-97
21-Apr-97
09-Oct-03

16,000,000
64,000,000
40,000,000
9,505,115
2,494,885
44,000,000
176,000,000
328,000,000

Total Listed
Shares
16,000,000
80,000,000
120,000,000
129,505,115
132,000,000
176,000,000
352,000,000
680,000,000

Underwriter
PT Jardine Fleming Nusantara
Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization
Trading

Listed

Market

High

Low

Close

Volume

Value

Frequency

Day

Shares

Capitalization

Stock Price
Month

Shares Traded

(Rp)

(Rp)

(Rp)

January-11

960

940

940

(Thousand Shares)
74.00

(Rp Million)
70.00

680,000,000

(Rp Million)
639,200.00

February-11

930

930

930

1,601.00

1,488.00

680,000,000

632,400.00

March-11

910

910

910

1,560.00

1,373.00

680,000,000

618,800.00

April-11

890

860

860

80.00

69.00

680,000,000

584,800.00

May-11

1,200

880

1,190

3,360.00

3,349.00

920

21

680,000,000

809,200.00

June-11

1,200

940

1,070

1,286.00

1,333.00

72

11

680,000,000

July-11

2,825

1,000

2,425

7,666.00

17,114.00

2,962

17

680,000,000

727,600.00
1,649,000.00

August-11

2,500

1,180

1,250

3,698.00

6,537.00

1,465

19

680,000,000

850,000.00

September-11

1,390

810

1,000

957.00

1,062.00

324

20

680,000,000

680,000.00

October-11

1,390

950

1,380

451.00

538.00

219

20

680,000,000

938,400.00

November-11

1,300

900

920

3,119.00

3,248.00

1,300

15

680,000,000

625,600.00

December-11

1,080

850

1,020

654.00

642.00

343

21

680,000,000

693,600.00

January-12

1,100

950

990

1,426.00

1,490.00

284

20

680,000,000

673,200.00

February-12

1,020

950

950

222.00

215.00

48

17

680,000,000

646,000.00

March-12

1,010

920

1,000

57.00

55.00

29

12

680,000,000

680,000.00

April-12

1,100

930

990

1,663.00

1,722.00

822

13

680,000,000

673,200.00

May-12

1,200

860

910

186.00

190.00

52

680,000,000

618,800.00

950

800

940

161.00

151.00

19

680,000,000

639,200.00

June-12

Stock Price and Traded Chart

Institute for Economic and Financial Research

289