PTCenturyTextileIndustry(CENTEX)Tbk.

Business

Textile

CompanyStatus

PMA

Underwriters

PTINDOVEST,PT(Persero)Danareksa,PTInterPacificFinancialCorporation

Shareholders
2000
TorayIndustriesInc.Japan
KanematsuCorporation
PTBudimanKencanaLestari
TokaiSenkoLtd.Japan
KuraboIndustriesLtd.Japan
Public

2001
27.93%
22.96%
10.00%
3.26%
0.85%
35.00%

TorayIndustriesInc.Japan
KanematsuCorporation
PTBudimanKencanaLestari
TokaiSenkoLtd.Japan
Public

30.00%
23.00%
12.00%
10.00%
10.00%
3.00%
1.00%
11.00%

TorayIndustriesInc.Japan
KanematsuTextileCorporation.,Jepang
PTProspectMotor
PTBudimanKencanaLestari
PTEasterntex
TokaiSenkoLtd.Japan
KuraboIndustriesLtd.Jepang
Public

2005
TorayIndustriesInc.Japan
KanematsuTextileCorporation.,Jepang
PTProspectMotor
PTBudimanKencanaLestari
PTEasterntex
TokaiSenkoLtd.Japan
KuraboIndustriesLtd.Jepang
Public

2002
27.93%
22.96%
10.00%
3.26%
35.85%

TorayIndustriesInc.Japan
KanematsuCorporation
PTProspectMotor
PTEasterntex
KuraboIndustriesLtd.Jepang
TokaiSenkoLtd.Japan
PTBudimanKencanaLestari
Public

30.00%
23.00%
12.00%
10.00%
10.00%
3.00%
1.00%
11.00%

TorayIndustriesInc.Japan
KanematsuTextileCorporation.,Jepang
PTProspectMotor
PTBudimanKencanaLestari
PTEasterntex
TokaiSenkoLtd.Japan
KuraboIndustriesLtd.Jepang
Public

2006

2003
29.93%
22.96%
11.79%
10.15%
10.00%
3.26%
0.85%
11.06%

TorayIndustriesInc.Japan
KanematsuTextileCorporation.,Jepang
PTProspectMotor
PTBudimanKencanaLestari
PTEasterntex
TokaiSenkoLtd.Japan
KuraboIndustriesLtd.Jepang
Public

30.00%
23.00%
12.00%
10.00%
10.00%
3.00%
1.00%
11.00%

TorayIndustriesInc.Japan
KanematsuTextileCorporation.,Jepang
PTProspectMotor
PTBudimanKencanaLestari
PTEasterntex
TokaiSenkoLtd.Japan
KuraboIndustriesLtd.Jepang
Public

2007

2004
29.93%
22.96%
11.97%
10.20%
10.15%
3.26%
0.85%
10.68%

TorayIndustriesInc.Japan
KanematsuTextileCorporation.,Jepang
PTProspectMotor
PTBudimanKencanaLestari
PTEasterntex
TokaiSenkoLtd.Japan
KuraboIndustriesLtd.Jepang
Public

30.00%
23.00%
12.00%
12.00%
10.00%
3.00%
1.00%
9.00%

TorayIndustriesInc.Japan
KanematsuTextileCorporation.,Jepang
PTProspectMotor
PTBudimanKencanaLestari
PTEasterntex
TokaiSenkoLtd.Japan
KuraboIndustriesLtd.Jepang
Public

2008

29.93%
22.96%
11.97%
10.20%
10.15%
3.26%
0.85%
10.68%

2009
30.00%
23.00%
12.00%
12.00%
10.00%
3.00%
1.00%
9.00%

Management & Number of Employees

Board of Commissioners

Board of Directors

Number of Employees

2000

President Commissioner
Commissioners

Shinji Ando
Hiroshi Ishikawa
Muljadi Budiman

President Director
Vice President Director
Directors

Isao Oyabu
Hadi Budiman
Takayuki Kiri
Naoki Tanaka
Katsuhiko Arai
Hiroyuki Shimamura

747

2001

President Commissioner
Commissioners

Mitsuyoshi Yamamoto
Hiroshi Ishikawa
Muljadi Budiman

President Director
Vice President Director
Directors

Isao Oyabu
Hadi Budiman
Satoru Matsuda
Naoki Tanaka
Katsuhiko Arai
Hiroyuki Shimamura

713

2002

President Commissioner
Commissioners

Mitsuyoshi Yamamoto
Hiroshi Ishikawa
Muljadi Budiman

President Director
Vice President Director
Directors

Isao Oyabu
Hadi Budiman
Satoru Matsuda
Naoki Tanaka
Katsuhiko Arai
Hiroyuki Shimamura

742

2003

President Commissioner
Commissioners

Muljadi Budiman
Toshifumi Yamamoto
Tetsuo Kondo

President Director
Vice President Director
Directors

Hidekatsu Nakagawa
Hadi Budiman
Naobumi Nakajima
Hisao Kogo
Masuthosi Ueda
Kazuo Umeda

654

2004

President Commissioner
Commissioners

Muljadi Budiman
Akira Kubota
Tetsuo Kondo

President Director
Vice President Director
Directors

Hidekatsu Nakagawa
Hadi Budiman
Hisao Kogo
Naobumi Nakajima
Masutoshi Ueda
Susumu Hirose

634

2005

President Commissioner
Commissioners

Muljadi Budiman
Akira Kubota
Tetsuo Kondo

President Director
Vice President Director
Directors

Hidekatsu Nakagawa
Muljadi Budiman
Hisao Kog
Naobumi Nakajima
Masutoshi Ueda
Susumu Hirose

607

2006

President Commissioner
Commissioners

Suhardi Budiman
Hiroshi Ishikawa
Tetsuo Kondo

President Director
Vice President Director
Directors

Hidekatsu Nakagawa
Muljadi Budiman
Masao Kojima
Masutoshi Ueda
Toshiya Ishii
Tetsuya Fukui

592

2007

President Commissioner
Commissioners

Suhardi Budiman
Masahiro Kawashima
Tetsuo Kondo

President Director
Vice President Director
Directors

Tetsuo Oshida
Muljadi Budiman
Katsuhiko Ichiba
Masutoshi Ueda
Toshiya Ishii
Tetsuya Fukui

558

2008

President Commissioner
Commissioners

Suhardi Budiman
Masahiro Kawashima
Tetsuo Kondo

President Director
Vice President Director
Directors

Tetsuo Oshida
Muljadi Budiman
Katsuhiko Ichiba
Masutoshi Ueda
Toshiya Ishii
Tetsuya Fukui

555

2009

President Commissioner
Commissioners

Suhardi Budiman
Tsuyoshi Sumida
Tetsuo Kondo

President Director
Vice President Director
Directors

Yoshio Shingeya
Muljadi Budiman
Katsuhiko Ichiba
Masaru Kimura
Tetsuya Fukui
Masaya Yamamoto

480

Total Assets
Current Assets
of which
Cash on hand and in banks
Cash and cash equivalents
Time Deposits
Trade receivables
Inventories
Non-current Assets
of which
Fixed Asset Net
Deffered Tax Assets-Net
Investment
Other Assets

1998

1999

2000

122,487
65,649

170,185
93,284

172,012
94,747

6,764

7,210

21,387

(million rupiah)
2,001

2002

2003

2004

2005

210,418
106,191

245,095
109,789

264,471
119,226

309,683
150,160

314,851
126,424

10,705

5,811

10,490

7,285
13,361

28,494
25,110

31,764
44,471

26,208
41,709

41,425
48,795

34,043
57,018
135,306

34,049
49,083
145,245

45,818
51,066
159,523

44,771
50,514
188,427

51,060

70,969

71,796

97,784

126,562
2,711
6,033

134,205
4,103
6,937

148,142
5,588
5,793

176,342
6,947
5,138

80,255
58,765

119,435
106,344

168,906
155,154

177,679
162,995

6,572
2,634
9,683

9,588
743
8,641

13,180
1,033
8,065

12,743
1,184
6,002

7,241

3,171

21,490

13,091

13,752

14,684

5,778

5,932

5,469

6,443

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

56,717
51,185

57,171
21,290

43,979
19,225

58,589
34,086

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

65,770
10,000

113,014
10,000

128,033
10,000

151,829
10,000

164,840
10,000

145,036
10,000

140,777
10,000

137,172
10,000

58
14,451
41,261

58
14,451
88,505

58
14,451
103,524

58
14,451
127,320

58
14,451
140,331

58
14,451
120,527

58
14,451
116,268

58
14,451
112,663

131,212
80,482
50,730
15,068
35,662
(1,414)
34,248
22,558

276,478
161,990
114,488
41,537
72,951
630
73,581
50,372

215,324
156,126
59,198
32,661
26,537
(116)
26,421
19,147

256,761
180,660
76,101
36,420
39,681
(170)
39,511
27,924

260,589
200,082
60,507
36,065
24,442
2,117
26,559
17,139

183,232
162,641
20,591
24,816
(4,225)
4,250
25
25

203,396
169,306
34,090
25,694
8,396
(8,279)
117
117

265,760
223,013
42,747
32,890
9,857
(12,174)
(2,317)
(3,488)

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

16,900

5,700

9,431

4,022

5,384

7,800
6,515

11,100

6,904

4,949

11,990

5,532

35,881

24,754

24,503

n.a

n.a

Per Share Data (Rp)

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

2,256
6,577
300
1,150

5,037
11,301
6,725

1,915
12,803
6,500

2,792
15,183
5,000

1,714
16,484
n.a
450

1
14,504
n.a
290

45
3,810
n.a
4,700

(349)
13,717
n.a
4,700

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

0.51
0.17
13.30
26.09

1.34
0.60
-

3.39
0.51
-

1.79
0.33
-

0.26
0.03
n.a
n.a

257.78
0.02
n.a
n.a

105.45
1.23
n.a
n.a

(13.47)
0.34
n.a
n.a

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 (%)

1.28
0.86
0.46
0.39
0.27
0.17
3.21
1.07
18.42
34.30

4.38
0.51
0.34
0.41
0.26
0.18
3.64
1.62
29.60
44.57

4.93
0.34
0.26
0.27
0.12
0.09
3.74
1.25
11.13
14.95

3.12
0.39
0.28
0.30
0.15
0.11
3.70
1.22
13.27
18.39

1.87
0.49
0.33
0.23
0.09
0.07
3.51
1.06
6.99
10.40

1.12
0.82
0.45
0.11
n.a
n.a
3.31
0.69
0.01
0.02

0.97
1.20
0.55
0.17
0.04
n.a
3.32
0.66
0.04
0.08

0.78
1.30
0.56
0.16
0.04
n.a
4.41
0.84
(1.11)
(2.54)

1999
38.94
71.83
110.71
123.30

2000
1.07
13.29
(22.12)
(61.99)

2001
22.33
18.59
19.24
45.84

2002
16.48
8.57
1.49
(38.62)

2003
7.91
(12.01)
(29.69)
(99.85)

2004
17.10
(2.94)
11.00
368.00

2005
1.67
(2.56)
30.66
(3,081.20)

1
2
3
4

Growth (%)
Indicators
Total Asset
Share Holder's Equity
Net Sales/Revenue
Net Provit

1998

SUMMARY OF FINANCIAL STATEMENT

PT. Century Textile Industry Tbk.

2006

(millionrupiah)
2007

2008

TotalAssets
CurrentAssets
ofwhich
Cashandcashequivalents
Tradereceivables
Inventories
NonCurrentAssets
ofwhich
FixedAssetsNet
DefferedTaxAssetsNet
OtherAssets

336,618
144,395

424,739
183,032

423,804
193,491

7,626
44,847
62,038
192,223

8,535
62,460
88,304
241,707

8,239
48,573
110,101
230,313

179,061
8,058
5,104

223,079
13,970
4,658

223,540
n.a
5,258

Liabilities
CurrentLiabilities
ofwhich
Tradepayable
Taxespayable
Accruedexpenses
Currentmaturities
oflongtermdebt
NonCurrentLiabilities

185,535
171,518

331,755
177,080

422,493
244,838

7,694
9,167
8,183

38,652
653
12,324

31,563
927
15,542

n.a
14,017

n.a
154,675

n.a
177,655

Shareholders'Equity
Paidupcapital
Paidupcapital
inexcessofparvalue
Revaluationoffixedassets
Retainedearnings

151,083
10,000

92,984
10,000

1,311
10,000

58
14,451
126,574

58
14,451
68,475

58
n.a
(8,747)

NetSales
CostofGoodsSold
GrossProfit
OperatingExpenses
OperatingProfit(Loss)
OtherIncome(Expenses)
ProfitbeforeTaxes
ProfitafterTaxes

307,486
241,831
65,655
39,902
25,753
(2,574)
23,179
14,419

268,182
252,791
15,391
34,050
(18,659)
(19,244)
(37,903)
(37,800)

369,654
340,719
28,935
46,761
(17,826)
(59,877)
(77,703)
(91,673)

PerShareData(Rp)
EarningsperShare
EquityperShare
DividendperShare
ClosingPrice

1,442
15,108
n.a
3,500

(3,780)
9,298
n.a
2,650

(9,167)
131
n.a
2,650

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

2.43
0.23
n.a
n.a

(0.70)
0.28
n.a
n.a

(0.29)
20.21
n.a
n.a

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

0.84
1.23
0.55
0.21
0.08
0.05
3.90
0.91
4.28
9.54

1.03
3.57
0.78
0.06
n.a
n.a
2.86
0.63
(8.90)
(40.65)

0.79
322.27
1.00
0.08
n.a
n.a
3.09
0.87
(21.63)
(6,992.60)

PER=0.39x;PBV=0.42x(June2009)
FinancialYear:March31
PublicAccountant:Sidharta,Sidharta&Widjaja