Syndicate 4

Lutfi M. Basith 29318329 Nadya Eka Putri 29318318

Bara Yohantomo 29318424 Herdi Sularko 29318326
Lucky Wibisono 29318303 Fikri Pahlevi Sofyan 29318307
Indra Siregar 29318308 Aunurrahman Prio Aji 29318402
Deri Meridian 29318301 Hadi Putra 29318319
SRIL Overview
• Textile company
• Operated since 1978
• IPO date: 17 June 2013
• IPO price: IDR 240
• Today’s price: IDR 338
 BoC and BoD profiles
President Susyana Lukminto Hajiah Susyana Lukminto serves as President Commissioner of PT Sri Rejeki
Commissioner Isman Tbk since 2015. She was appointed as Company's Commissioner in
2006. She is an industrial entrepreneur since 1978 and was a retail
entrepreneur from 1969 to 1978.
Commissioner Megawati Ms. Megawati serves as a Commissioner of PT Sri Rejeki Isman Tbk since
2014. She received Bachelor of Commerce from Faculty of Finance and
Human Resource Management from Deakin University, Melbourne,
Australia (1997). Prior to being promoted, she served as Head of the
Treasury from 2011 to 2014, and Assistant Director of Marketing between
2001 and 2011. She previously worked as a Senior Advisor in Bank
Insurance at Lippo Bank, Surabaya (1999-2000) and as Assistant to Finance
Director at Packaging House Pty Ltd, Australia (1997-1998).

Independent Alpino Kianjaya Former director perdagangan dan pengaturan anggota BEI of Bursa Efek
Commissioner Indonesia
Independent Sudjarwadi Prof. Dr. Ir. Sudjarwadi serves as Independent Commissioner of PT Sri Rejeki
Commissioner Isman Tbk since 2012. He obtained Bachelor in Civil Engineering from
Universitas Gadjah Mada, Indonesia, in 1975, Master in Marine/Ocean
Studies from Asian Institute of Technology, Bangkok, in 1981 and Doctorate
in Marine/Ocean Studies from University of Iowa, USA in 1986. He was a
Lecturer at the Universitas Gadjah Mada (2007-2012), Secretary of the
Directorate General of Higher National Education (1995-1999) and Lecturer
at Universitas Gadjah Mada (1992-1995).
 BoC and BoD profiles
President Director Iwan
Setiawan Lukminto
Vice President Director Iwan
Kurniawan Lukminto
Director of Finance Allan Severino
Director of Marketing Arief Halim
Mr. Iwan Setiawan Lukminto serves as President Director of PT Sri Rejeki
Isman Tbk since 2006. He holds Bachelor in Business Administration from
Suffolk University in 1997. He was Vice President Director of the Company
(1999-2006) and Assistant Director (1997-1998). He also serves as the
President Director of PT Griya Asri Hidup Abadi.
Mr. Iwan Kurniawan Lukminto serves as Vice President Director of PT Sri
Rejeki Isman Tbk since 2012. He obtained Bachelor in Business
Administration from Boston University in 2001, Bachelor in Business
Administration from Northeastern University in 2004 and Bachelor in
Business Administration from Johnson & Wales University in 2005.
Previously, he was Garment Division Director of the Company from 2005 to
2012.
Mr. Allan Moran Severino serves as Director of Finance of PT Sri Rejeki Isman
Tbk since 2006. He obtained Bachelor in Business Administration major in
Marketing and Accounting from University of San Carlos in 1975. He was
Corporate Trustee (1991-2005), Finance Manager of Timur Djaja Group
(1989-1991), Finance Manager Commercial Division of PT Tirtamas
Majutama (1988-1989), General Manager of PT Argha Giri Perkasa (1987-
1988), Finance and Accounting Manager of PT Bimoli (1985-1987), Audit
Manager of Drs. Utomo & Co (1982-1985) and Audit Supervisor of Drs.
Utomo & Co. (1977-1981).
Mr. Arief Halim serves as Director of Marketing of PT Sri Rejeki Isman Tbk
since 1990. He was Marketing Manager of the Company (1973-1990), and
previously as a seller and marketer of textile chemicals (1970-1973).
 BoC and BoD profiles
Director of Production Karunakaran Ramamoo Education: MBA , West Coast University
rthy
Director of Operations Eddy Prasetyo Salim Mr. Eddy Prasetyo Salim serves as Director of Operations of PT Sri Rejeki
Isman Tbk. He obtained a Bachelor degree from Faculty of Economics from
Universitas Brawijaya, Indonesia (1992). Prior to joining Sritex, he worked
with PT Bank International Indonesia from 1994 to 2009, with his last post
as Head of Loan Center, Jakarta Selatan region.
Director of General & Mira Christina Setiady Wive to Iwan Kurniawan Lukminto (Vice President Director). Education
Administration Bachelor degree in Art Communication KVB University, Sydney Australia
Corporate Secretary Welly Salam Mr. Welly Salam serves as Corporate Secretary of PT Sri Rejeki Isman Tbk
since 2012. He obtained Bachelor in Accounting from Universitas Trisakti,
Indonesia, in 1993. He was a Director of PT Mitra Indokor Jaya Abadi (2010-
2012), a Commissioner of PT Tiga Tunggal Sejati (2009-2011), Director of PT
Putra Mandira (2010-2011), Director of PT Rajawali Nusa Cemerlang (2009-
2012), Director of PT Interact Corpindo (2008-2009), Partner KAP Anwar &
Rekan (DFK International) (2006-2008), Financial Controller of PT Allbond
Makmur Usaha Tbk (2004-2006), Audit Committee of PT Great River
International Tbk (1997-2004), Manager of Prasetio, Utomo & Co (Arthur
Andersen) (1992-1997) and a Staff of PT Inti Salim Corpora (1991-1992).
 BoC and BoD profiles

Independent Director M. Nasir Dr. M. Nasir Tamara Tamimi serves as Independent Director of PT Sri Rejeki
Tamara Tamimi Isman Tbk since 2012. He holds a Bachelor's degree in Media in 1977,
Master in Politics in 1979 and Doctorate in Social Studies in 1981 from
University of Paris. He was Vice President Director of Dr. Nasir Tamara
Associates Consultants (2009-2012), President Commissioner of PT Bangun
Maju Wisata (2011-2012), Senior Research Fellow of ISEAS & NUS (2007-
2010), Founder and President Director of Global TV (1998-2003), Senior
Member of the National Research Council of Republic of Indonesia (1998-
2003) and Deputy Chief Editor of Harian Republika (1991-1999).
 Textile Industry and Macro
Condition
TARGET INCREASE
The Indonesian government targets to increase the nation's value of exported textiles and
garments to USD $75 billion by the year 2030, implying that this industry would contribute
around 5 percent to global exports.

FREE TRADE DEALS

Indonesia's textile businesses urge the
central government to reach an agreement
with the European Union (EU) for the
establishment of the Indonesia-EU
Comprehensive Economic Partnership
Agreement (abbreviated: Indonesia-EU
CEPA), a trade deal that is expected to
improve the flow of goods between both
regions as the deal involves the reduction
of trade barriers and liberalization of
government procurement.
 Textile Industry and Macro
Condition
THREAT OF WEAK RUPIAH
A weakening rupiah is a problem for Indonesia's textile industry because yarn, cotton, dyes and
fabrics (both natural and man-made) are mostly imported from abroad in US dollars. A
depreciating rupiah (against the US dollar) makes imports more expensive and therefore causes
financial turmoil for local textile companies (particularly the smaller ones that have fewer cash
reserves to rely on). An example of a raw material that is required for the manufacturing of textile
products is cotton.
Liquidity
Current Asset per Current Liabilities
Productivity
Average Productivity: 74%
Solvency/Stability
Solvency/Stability
Solvency/Stability
Solvency/Stability
Solvency/Stability
Solvency/Stability
Profitability (ROE)
Profitability (ROA)
Marketability
Marketability
Marketability
Summary
• Liquidity: GOOD. Downtrend but still above 1.
• Productivity: Downtrend on overall years but
manage to rise.
• Solvency/Stability: OK, but need to close monitor
on liabilities.
• Profitability: GOOD, uptrend
• Marketability: GOOD, PBV below 1, PER below 5