Others

832 Indonesian Capital Market Directory 2008

Summar y of Fi nanc i al St at ement
PT Indoexchange Tbk.
Head Office World Trade Center 12
th
Floor
J l. J end. Sudirman Kav. 19-31
J akarta 12920
Phone (021) 521-1168/87
Fax (021) 521-1837
Business Internet Services (Information
Technology)
Company Status PMDN
Shar ehol der s
INTEGRA 34.85%
Drs. Soetanto Pranoto, MM 9.30%
Yayasan Masyarakat Pasar Modal Indonesia 5.18%
Public 50.67%
Financial Performance: The Company still suffered net loss at
IDR5.597 billion in 2007 or increasing from IDR1.452 billion in 2006.
Net revenue down significantly from IDR364 million to IDR71
million.
Brief History: The company commenced commercial opera-
tion in 1996 and trades under the name of IndoExchange. The
company was the first to the market with its Indonesian stock ex-
change and financial information portal and now has 3-4 years
start on the competition. It has an established array of services,
including international news wire coverage, information partner-
ships, and alliances. The companys main revenue streams come
from the IndoExchange portal (for online services), web solutions
(integrated business solutions N2N), and B2B portals
(NexiaOnline-textile was launched in June 2000 and
MiningIndomining).
(million rupiah)
2005 2006 2007
Total Assets 8,382 5,025 567
Current Assets 1,223 896 522
of which
Cash and cash equivalents 47 6 410
Time deposits n.a n.a 1
Trade receivables 387 57 22
Non-Current Assets 7,159 4,129 45
of which
Fixed Assets-Net 251 17 45
Deffered Tax Assets 6,674 4,099 n.a
Investments n.a n.a n.a
Other Assets 89 14 n.a
Liabilities 361 1,131 2,270
Current Liabilities 361 1,099 371
of which
Trade payables 47 108 11
Taxes payable 49 191 10
Accrued expenses 264 261 348
Non Current Liabilities 32 1,899
Minority Interests in Subsidiaries (166) n.a n.a
Shareholders' Equity 8,188 3,894 (1,703)
Paid-up capital 30,666 30,666 30,666
Paid-up capital
in excess of par value 8,803 8,803 8,803
Retained earnings (accumulated loss) (31,281) (35,575) (41,172)
Net Sales 2,729 364 71
Cost of Good Sold 2,475 256 55
Gross Profit 254 108 16
Operating Expenses 5,302 1,088 1,254
Operating Profit (Loss) (5,048) (980) (1,238)
Other Income (Expenses) 10 (427) (261)
Profit (Loss) before Taxes (5,037) (1,407) (1,499)
Profit (Loss) after Taxes (4,298) (1,452) (5,597)
Per Share Data (Rp)
Earnings (Loss) per Share (35) (12) (46)
Equity per Share 67 32 (14)
Dividend per Share n.a n.a n.a
Closing Price 95 55 170
Financial Ratios
PER (x) (2.71) (4.65) (3.73)
PBV (x) 1.42 1.73 (12.24)
Dividend Payout (%) n.a n.a n.a
Dividend Yield (%) n.a n.a n.a
Current Ratio (x) 3.39 0.82 1.41
Debt to Equity (x) 0.04 0.29 n.a
Leverage Ratio (x) 0.04 0.23 4.01
Operating Profit Margin (x) n.a. n.a. n.a.
Net Profit Margin (x) n.a. n.a. n.a.
Inventory Turnover (x) n.a n.a n.a
Total Assets Turnover (x) 0.33 0.07 0.13
ROI (%) (51.27) (28.90) (987.77)
ROE (%) (52.49) (37.29) 328.62
PER = -11.96x ; PBV = -8.10x (June 2008)
Financial Year: December 31
Public Accountant: Ishak, Saleh, Soewondo & Rekan (2006);
Hendrawinata Gani & Hidayat (2007)
St oc k Pr i c e and Tr aded Char t
833 Institute for Economic and Financial Research
St oc k Pr i c e, Fr equenc y, Tr adi ng Days, Number and Val ue of Shar es Tr aded and Mar k et Capi t al i zat i on
Others
1 First Issue 17-May-01 17-May-01 120,000,000 120,000,000
2 Company Listing 17-May-01 17-May-01 1,106,650,000 1,226,650,000
3 Reverse Split 25-Aug-05 25-Aug-05 -1,103,985,000 122,665,000
No Type of Listing Listing Date Trading Date Number of Shares Total Listed
per Listing Shares
PT Indoexchange Tbk.
Under w r i t er
PT Ciptadana Sekuritas
Boar d of Commi ssi oner s
President Commissioner Che On bin Hamzah
Commissioners Raden Mas Tommy Wikutomojati,
Chng Chin Hon
Boar d of Di r ec t or s
President Director Harun bin Halim Rasip
Director Mohd. Sofian bin Jaafar
Number of Employees 3
Trading Listed Market
Month High Low Close Volume Value Frequency Day Shares Capitalization
(Rp) (Rp) (Rp) (Thousand Shares) (Rp Million) (Rp Million)
J anuary-07 69 45 63 3,377.00 203.00 131 16 122,665,000.00
7,728.00
February-07 65 60 63 956.00 60.00 28 9 122,665,000.00
7,728.00
March-07 126 63 119 31,748.00 3,028.00 532 19 122,665,000.00
14,597.00
April-07 128 117 125 42,030.00 4,615.00 98 10 122,665,000.00
15,333.00
May-07 235 107 230 50,332.00 9,337.00 1,835 18 122,665,000.00
28,213.00
J une-07 360 205 310 67,983.00 19,880.00 2,931 20 122,665,000.00
38,026.00
J uly-07 335 270 310 9,402.00 2,869.00 497 22 122,665,000.00
38,026.00
August-07 370 175 260 4,944.00 1,325.00 252 20 122,665,000.00
31,893.00
September-07 270 190 250 4,332.00 995.00 431 19 122,665,000.00
30,666.00
October-07 285 185 195 5,023.00 1,143.00 268 19 122,665,000.00
23,920.00
November-07 200 170 170 1,111.00 198.00 32 14 122,665,000.00
20,853.00
December-07 0 0 170 25.00 5.00 1 1 122,665,000.00
20,853.00
J anuary-08 0 0 170 0.00 0.00 0 0 122,665,000.00
20,853.00
February-08 0 0 170 0.00 0.00 0 0 122,665,000.00
20,853.00
March-08 0 0 170 0.00 0.00 0 0 122,665,000.00
20,853.00
April-08 0 0 170 750.00 128.00 1 1 122,665,000.00
20,853.00
May-08 0 0 170 0.02 0.00 3 2 122,665,000.00
20,853.00
J une-08 0 0 170 577.50 127,515.00 6 3 122,665,000.00
20,853.00
Stock Price Shares Traded
Million Shares
Stock Price (Rp)
-
50
100
150
200
250
300
350
400
J an-
07
Feb-
07
Mar-
07
Apr-
07
May-
07
J un-
07
J ul-
07
Aug-
07
Sep-
07
Oct-
07
Nov-
07
Dec-
07
J an-
08
Feb-
08
Mar-
08
Apr-
08
May-
08
J un-
08
-
2
4
6
8
10
12
14