PTSuryaIntrindoMakmurTbk.

Business

FootwearIndustry

CompanyStatus

PMDN

Underwriter

PTUsahaBersamaSekuritas,PTMitraInvestdanaSekurindo

Shareholder
2000
PTInovasiAbadiInvestindo
TjandraMindhartaGozali
Public

2005
PTInovasiAbadiInvestindo
TjandraMindhartaGozali
Public

2001
68.60% PTInovasiAbadiInvestindo
1.40% TjandraMindhartaGozali
30.00% Public

2006
68.60% PTInovasiAbadiInvestindo
1.40% TjandraMindhartaGozali
30.00% Public

2002
68.60% PTInovasiAbadiInvestindo
1.40% TjandraMindhartaGozali
30.00% Public

2007
68.60% PTInovasiAbadiInvestindo
1.40% TjandraMindhartaGozali
30.00% Public

2003
68.60% PTInovasiAbadiInvestindo
1.40% TjandraMindhartaGozali
30.00% Public

2008
68.60% PTInovasiAbadiInvestindo
1.40% TjandraMindhartaGozali
30.00% Public

2004
68.60% PTInovasiAbadiInvestindo
1.40% TjandraMindhartaGozali
30.00% Public

68.60%
1.40%
30.00%

2009
68.60% PTInovasiAbadiInvestindo
1.40% TjandraMindhartaGozali
30.00% Public

68.60%
1.40%
30.00%

Management & Number of Employees

Board of Commissioners

Board of Directors

Number of Employees

2000

President Commissioner
Commissioners

Drs. Marzuki Usman, MA

Tjandra Mindharta Gozali
Dr. Harijanto, MM, Enggan Nursanti, SE

President Director
Directors

Agus Susanto
Roy Gunawan, Dra. Meikewati Tandali, AK

50

2001

President Commissioner
Commissioners

Sasra Adhiwana
Tjandra Mindharta Gozali, Dr. Harijanto, MM,
Enggan Nursanti, SE

President Director
Directors

Agus Susanto
Roy Gunawan
Dra. Meikewati Tandali, AK

401

2002

President Commissioner
Commissioners

Sasra Adhiwana
Tjandra Mindharta Gozali, Dr. Harijanto, MM,
Enggan Nursanti, SE

President Director
Directors

Agus Susanto
Roy Gunawan
Dra. Meikewati Tandali, AK

1,192

2003

President Commissioner
Commissioners

Sasra Adhiwana
Tjandra Mindharta Gozali, Dr. Harijanto, MM,
Enggan Nursanti, SE

President Director
Directors

Agus Susanto
Roy Gunawan
Dra. Meikewati Tandali, AK

1,459

2004

President Commissioner
Commissioners

Sasra Adhiwana
Tjandra Mindharta Gozali, Dr. Harijanto, MM,
Enggan Nursanti, SE

President Director
Directors

Agus Susanto
Roy Gunawan
Dra. Meikewati Tandali, AK

2,968

2005

President Commissioner
Commissioners

Sasra Adhiwana
Tjandra Mindharta Gozali, Dr. Harijanto, MM,
Enggan Nursanti, SE

President Director
Directors

Agus Susanto
Heranita Cintya, SE, Dra. Meikewati Tandali, AK

2,968

2006

President Commissioner
Commissioners

Sasra Adhiwana
Tjandra Mindharta Gozali, Dr. Harijanto, MM,
Enggan Nursanti, SE

President Director
Vice President Director
Directors

Agus Susanto
Fong Hsiang Lu (Steve Fong)
Heranita Cintya, SE, Dra. Meikewati Tandali, AK

1,603

2007

President Commissioner
Commissioners

Sasra Adhiwana
Tjandra Mindharta Gozali, Dr. Harijanto, MM,
Enggan Nursanti, SE

President Director
Vice President Director
Directors

Agus Susanto
Fong Hsiang Lu (Steve Fong)
Heranita Cintya, SE, Dra. Meikewati Tandali, AK

2,802

2008

President Commissioner
Commissioners

Sasra Adhiwana
Dr. Harijanto, MM, Enggan Nursanti, SE

President Director
Vice President Director
Directors

Agus Susanto
Fong Hsiang Lu (Steve Fong)
Heranita Cintya, SE, Dra. Meikewati Tandali, AK

1,510

2009

President Commissioner
Commissioners

Sasra Adhiwana
Dr. Harijanto, MM
Enggan Nursanti, SE

President Director
Vice President Director
Directors

Agus Susanto
Fong Hsiang Lu (Steve Fong)
Heranita Cintya, SE
Dra. Meikewati Tandali, AK

29

Total Assets
Current Assets
of which
Cash on hand and in banks
Cash and cash equivalents
Time deposits
Trade receivables
Inventories
Receivable from affiliates
Non-current Assets
of which
Fixed Asset Net
Deffered Tax Assets
Investments
Other Assets

1998

1999

2000

39,926
26,507

118,164
74,032

208,206
128,723

1,831

2,095

6,745

(million rupiah)
2001

2,002

2,003

2004

2005

258,854
165,328

231,274
134,218

174,511
98,521

135,321
68,741

130,829
69,180

13,052

6,657

423

280
895

7,429
11,898

20,193
40,462

37,642
73,676

49,289
84,677

38,970
77,156

41,874
45,382

27,340
36,262

14,949
29,633

97,056

75,990

66,580

61,650

64,238
833
25,886

70,808
1,982
n.a

63,580
1,795
n.a

57,947
2,037
n.a

72,499
71,486

11,237

40,291

74,124

87,647

2,182

3,841

5,358

5,880

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

27,512
19,445

32,074
25,769

78,426
66,646

136,373
88,026

109,987
107,763

89,904
88,057

61,350
60,283

16,108

20,120

21,037
44,348

41,010
35,388

42,008
53,542

47,533
6,685

47,308
10,583

16,374

1,436

1,251

2,690

1,670

3,490

2,641

1,960

4,820

24
6,515

28

4,764

3,744
17,299

5,990

2,878

1,552

6,277

7,016

31,048

2,224
6,372

1,847
5,204

1,067
4,759

1,013
4,073

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

12,414
25,000

86,090
70,000

129,779
100,000

122,481
100,000

114,915
100,000

79,403
100,000

69,032
100,000

54,257
100,000

49,570

n.a

n.a

n.a

n.a

(12,586)

16,090

29,779

22,481

15,225

(20,597)

(30,968)

(45,743)

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

95,908
77,265
18,644
7,745
10,898
(5,915)
4,983
2,686

136,428
111,901
24,527
6,146
18,380
(2,341)
16,039
10,361

153,106
128,622
24,483
6,720
17,763
7,503
25,267
15,750

215,106
197,164
17,942
13,599
4,343
2,117
6,460
4,702

136,540
135,651
889
7,610
(6,722)
(4,446)
(11,167)
(7,256)

107,831
133,156
(25,325)
7,727
(33,052)
(5,329)
(38,381)
(35,822)

93,136
89,923
3,213
7,470
(4,257)
(6,740)
(10,997)
(10,371)

76,189
77,565
(1,376)
8,595
(9,971)
(5,940)
(15,911)
(14,775)

Per Share Data (Rp)

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

107
497
-

148
1,230
925

16
130
60
2,250

5
122
650

(7)
115
n.a
500

(36)
79
n.a
225

(10)
69
n.a
220

(15)
54
n.a
155

6.25
0.75
-

142.85
17.34
380.95
2.67

138.24
5.31
-

(68.90)
4.35
n.a
n.a

(6.28)
2.83
n.a
n.a

(21.21)
3.19
n.a
n.a

(10.49)
2.86
n.a
n.a

1.36
2.22
0.69

2.87
0.37
0.27

1.93
0.60
0.38

1.88
1.11
0.53

1.25
0.96
0.48

1.12
1.13
0.52

1.14
0.89
0.45

0.97
1.34
0.55

0.11
0.03
0.65
2.40
6.73
21.64

0.13
0.08
0.15
1.15
8.77
12.04

0.12
0.10
0.09
0.74
7.56
12.14

0.02
0.02
0.16
0.83
1.82
3.84

n.a
n.a
0.10
0.59
(3.14)
(6.31)

n.a
n.a
0.17
0.62
(20.53)
(45.11)

n.a
n.a
0.21
0.69
(7.66)
(15.02)

n.a
n.a
0.29
0.58
(11.29)
(27.23)

1999
195.96
593.49
42.25
286

2000
76.20
50.75
12.22
52

2001
24.33
(5.62)
40.49
(70)

2,002
(10.65)
(6.18)
(36.52)
(254)

2,003
(24.54)
(30.90)
(21.03)
394

2004
(22.46)
(13.06)
(13.63)
(71)

2005
(3.32)
(21.40)
(18.20)
42

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

1998

(310)

n.a

SUMMARY OF FINANCIAL STATEMENT

PT. Surya Intrindo Makmur Tbk. (SIMM)

2006

(millionrupiah)
2007

2008

TotalAssets
CurrentAssets
ofwhich
Cashandcashequivalents
Tradereceivables
Inventories
NonCurrentAssets
ofwhich
FixedAssetsNet
DefferedTaxAssetsNet
Investments

145,922
86,410

117,679
63,434

80,638
10,368

504
33,641
46,769
59,512

293
13,112
46,925
54,245

529
5,497
2,856
70,270

52,994
4,729
n.a

47,515
5,244
n.a

40,003
29,730
n.a

Liabilities
CurrentLiabilities
ofwhich
Bankloans
Tradepayables
Accruedexpenses
Currentmaturitiesof
longtermdebt
NonCurrentLiabilities
MinorityInterestsinSubsidiaries

100,015
98,333

77,089
56,329

98,909
69,989

46,330
29,401
12,015

37,993
14,239
3,834

44,417
19,999
5,486

n.a
20,760
1,457

n.a
28,921
876

Shareholders'Equity
Paidupcapital
Paidupcapital
inexcessofparvalue
Retainedearnings(accumulatedloss)

43,731
100,000

39,133
100,000

(19,147)
100,000

n.a
(56,269)

n.a
(60,867)

n.a
(119,147)

NetSales
CostofGoodSold
GrossProfit
OperatingExpenses
OperatingProfit
OtherIncome(Expenses)
Profit(Loss)beforeTaxes
ProfitafterTaxes

137,624
130,926
6,698
8,430
(1,731)
(13,384)
(15,115)
(10,526)

132,129
124,108
8,021
8,322
(301)
(5,531)
(5,832)
(4,598)

45,705
60,050
(14,345)
13,096
(27,441)
(55,905)
(83,347)
(58,280)

PerShareData(Rp)
EarningsperShare
EquityperShare
DividendperShare
ClosingPrice

(11)
44
n.a
155

(5)
39
n.a
175

(58)
(19)
n.a
145

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

(14.73)
3.54
n.a
n.a

(38.06)
4.47
n.a
n.a

(2.49)
(7.57)
n.a
n.a

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

0.88
2.29
0.69
n.a
n.a
0.18
0.94
(7.21)
(24.07)

1.13
1.97
0.66
n.a
n.a
0.18
1.12
(3.91)
(11.75)

0.15
(5.17)
1.23
n.a
n.a
4.59
0.57
(72.27)
304.39

PER=4.60x;PBV=6.74x(June2009)
FinancialYear:December31
PublicAccountant:A.Krisnawan&Co.

n.a
1,682
2,176