PT AKASHA WIRA INTERNASIONAL TBK

AGATA ARIES SANDY

07-Oct-16
ASSETS - RH.MM.
Current Assets:
Cash
Time Deposit
Marketable Securities

ACTUAL
audited
2011

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2012

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2013

Due From Related Parties - Current

Prepaid Tax - VAT (Ppn)
Advances to Suppliers - inventory
Sundry Current Assets
Total Current Assets
Fixed Assets:
Land
Buildings
Equipments & Machineries
-(Accum. Deprec.)
Constn. In Progress
Total Net Fixed Assets
Non Current Assets:
Investments in Rel.Company
Advances to Suppliers - Non CA
Due from Related Parties
Prepaid Expenses
Sundry Non Current Assets
Intangibles :
- Pre-Oper. Exp. & Def. Charges/Loss
- Other Intangibles
TOTAL ASSETS

333767042.xls

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2015

23,068

29,116

24,068

78,952

103,914

125,381

84,788
-38,036
-5,257
-41,495

92,474
-34,256
-9,729
-48,489

99,210
-41,862
-4,553
-52,795

3,914
227
190,949

7,276
1,731
234,511

10,757
1,573
260,989

21,822
24,470
235,467
-187,922
47,721
141,558

21,822
45,519
311,277
-214,558
7,222
171,282

38,486
55,057
394,878
-234,297
30,256
284,380

98,706
4,839

87,818
4,510

88,097
9,998

5,012

3,276

8756

1,593

1,004

441,064

502,990

653,224

Net Account Receivables

Inventory
-(Finished Good)
-(Work In Process)
-(Raw Material)
-(Other Inv.)

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2014

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PT AKASHA WIRA INTERNASIONAL TBK

AGATA ARIES SANDY
07-Oct-16
LIABILITIES
Current Liabilities:
S/T Bank Borrowings - Existing

ACTUAL
audited

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2011

2012

2013

2014

2015

12,100

70,162

CPLTD - Existing

34,875

35,092

7,478

Account Payables
Accrued Expenses

36,859

64,887

68,230

3,397
3,336
23,376
113,943

5,314
3,615
51,609
160,517

1,238
4,230
52,256
203,594

40,292
374

19,683
1,492

86,892
539

Advances From Buyers - Inventoriy

Payables to Related Parties
Tax Payables
Uang Jaminan Pelanggan
Sundry C.L.
Total Current Liabilities
Long Term Liabilities:
LTD - Banks
Others LTD (Leasing, Finance, etc.)
Sharehldr Loan (L/T)
Sundry N.C.L.
Total Liabilities
Minority Interest
EmBen Grey Area Item
Total Grey Area Items
Equity:
Capital Stock
Capital Reserve
Capital Surplus
F.Asst Revaluation
R/Earning
NET WORTH
TOTAL
Total Contigent Liabilities
- Guarantee
- Bill Discounted
- L/C

333767042.xls

4,384
158,993

2,619
184,311

5,843
296,868

20,550
20,550

26,534
26,534

27,987
27,987

589,897
5,068

589,897
5,068

589,897
5,068

-755

-1,203

2,182

-332,689
261,521
441,064
0

-301,617
292,145
502,990
0

-268,778
328,369
653,224
0

0
0
0

0
0
0

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PT AKASHA WIRA INTERNASIONAL TBK

AGATA ARIES SANDY
07-Oct-16
PROFIT & LOSS
Net Sales/Revenue
Cost Of Good Sold
Depreciation-Plant
Amortization
Gross Profit
SG & A
Depreciation-Non Plant
Net Op. Profit
Others:
Interest Expenses (Existing Loans)
(Interest Income)
Dividen Received

ACTUAL
audited
2011

Forex (gains)/losses from Operation

Other (income/expense)
N P B T (Net Profit Before Tax)
Taxes-Current
-Deferred
N P A T (Before Extra Income)
Non Operating Items:
Adjustment: Fixed Assets
Adjustment: Investments
Equity/Investment Income
Minority Interest
Forex (Gain)/Losses
Other Extra Income
N P A E I (Net Profit After Extra Income)
Cash Dividends
Preffered Dividend Paid
Previous Yrs Retain Earning Adjusment
Current Year R/E
Previous Year R/E
Total R/E Ending
Net Worth Reconciliation
Beginning NW
Stock Sold
(Stock Purchase/Redemption)
F.Asst Revaluation

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2012

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2013
502,524
206,686
14,280

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2014
578,784
259,570
20,312

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2015
669,725
317,842
12,181

281,558
220,787
6,294
54,477

298,902
241,961
7,083
49,858

339,702
283,262
7,749
48,691

10,905
-545

8,530
-499

12,161
-228

-15,077
59,194
4,942
-1,404

248
41,579
12,122
-1,615

-7,416
44,174
9,239
2,096

55,656

31,072

32,839

-448

-3,385

55,656

31,520

36,224

0
0
0

0
55,656
0
55,656

448
31,072
-332,689
-301,617

3,385
32,839
-301,617
-268,778

0
2011

2012
0

2013
0

2014
261,521

2015
292,145

-755

-448

3,385

Current Year R/E

55,656

31,072

32,839

Ending NW

54,901

292,145

328,369

333767042.xls

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PT AKASHA WIRA INTERNASIONAL TBK

AGATA ARIES SANDY
07-Oct-16
FACT SHEET
R.O.E %
R.O.S %
A.T.O
A.LEVERAGE

ACTUAL
audited
2011
n/a
n/a
n/a
n/a

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2012
n/a
n/a
n/a
n/a

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2013
21.28%
11.08%
1.14
1.69

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2014
10.79%
5.45%
1.15
1.72

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2015
11.03%
5.41%
1.03
1.99

Return On Sales %
Sales
% Sales Change
CGS/Sales
GPM/Sales
SGA/Sales
NOP/Sales
Interest Coverage (Times Interest Earned)
INT. EXP./AV.FD
NPBT/Sales
Taxes/NPBT
NPAEI/Sales
Cash Dividend Paid / NPAEI

n/a
0
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a

n/a
0
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a

11.08%
502,524
n/a
41.13%
56.03%
43.94%
10.84%
6.43
24.89%
11.78%
5.98%
11.08%
n/a

5.45%
578,784
15.18%
44.85%
51.64%
41.81%
8.61%
5.87
11.85%
7.18%
25.27%
5.45%
n/a

5.41%
669,725
15.71%
47.46%
50.72%
42.30%
7.27%
4.63
10.99%
6.60%
25.66%
5.41%
n/a

Asset Turn Over

W. Investment (W. Capital Fin.Needs)
WorkingInvestment/Sales
A/R Days On Hand
INV. Days On Hand
A/P Days On Hand
A/E Days On Hand
Gross Plant Turn Over
NET Plant Turn Over
Acc. Depreciation/Av.Gross Plant
Average Plant Life
Cash/Sales

n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a

n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a

1.14
126,881
25.25%
57
150
65
0
3.05
7.10
1.45
12.63
5.79%

1.15
131,501
22.72%
66
130
91
0
1.62
3.70
0.70
13.02
#VALUE!

1.03
156,361
23.35%
68
114
78
0
1.48
2.94
0.58
22.58
3.59%

ALEV (LIQUIDITY & LEVERAGE)

Current Ratio
Quick Ratio
B/Sheet Leverage (TL/NW)
Tangible Leverage (TL / NW-Intangibles)

n/a
n/a
n/a
n/a
n/a

n/a
n/a
n/a
n/a
n/a

1.69
1.68
0.90
0.61
0.61

1.72
1.46
0.83
0.63
0.63

1.99
1.28
0.73
0.90
0.90

#VALUE!
n/a
n/a
#VALUE!

n/a
n/a
n/a
#VALUE!

5.00
0.97
2.41%
9.54%

1.15
0.73
0.00%
0.00%

1.03
2.16
10.48%
44.87%

n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
0.00%

n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
0.00%

2.74%
8.36%
7.91%
6.83%
9.22%
0.99%
4.66%
59.29%
100.00%

0.00%
12.90%
6.98%
12.04%
4.21%
0.52%
5.28%
58.08%
100.00%

10.74%
10.45%
1.14%
8.84%
13.38%
0.89%
4.28%
50.27%
100.00%

Debt Service Ratio

Loan/EBITDA
Total S/T Borrowing/Sales
S/T Borrowing/Working Investment
Financing Structure
%S/T Bank
%Spontaneous (A/Payables + A/Exp.)
%Cpltd
%Other Current Liab.
%Ltd
%Other Non Current Liab.
%Grey Area
%Equity
TOTAL FI NANCI NG

333767042.xls

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PT AKASHA WIRA INTERNASIONAL TBK

AGATA ARIES SANDY
07-Oct-16
CASH FLOW
N P A E I (Net Profit After Extra Income)
Interest Exp.
Non Operating Incomes (Extra Income)

ACTUAL
audited
2011
n/a
n/a
n/a

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2012
0
0
0

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2013
55,656
10,905
0

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2014
31,520
8,530
448

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drop list
2015
36,224
12,161
3,385

NOPAT (Normalized Op. Prof. A.T.)

Depreciation
Amortization

n/a
n/a
n/a

0
0
0

66,561
20,574
0

40,498
27,395
0

51,770
19,930
0

Income From Operation (COPAT)

n/a

87,135

67,893

71,700

- Account Receivables
- Inventory
- Account Payables
- Accrued Expenses
Subtotal Working Investment

n/a
n/a
n/a
n/a
n/a

0
0
0
0
0

-78,952
-84,788
36,859
0
-126,881

-24,962
-7,686
28,028
0
-4,620

-21,467
-6,736
3,343
0
-24,860

Sundry C/Assets
Sundry C/Liabilities

n/a
n/a

0
0

-4,141
30,109

-4,866
30,429

-3,323
-2,814

Cash From Operations

- Interest Exp.
- CPLTD
Total Financing Payments
Cash After Debt Service
Net Plant Expenditure
Chage in Investment.
Sundry Non C/Assets
Sundry Non C/Liabilities
Non Operating Incomes
Intangibles

n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a

0
0
0
0
0
0
0
0
0
0
#VALUE!

-13,778
-10,905
0
-10,905
-24,683
-162,132
0
-108,557
4,384
0
#VALUE!

88,836
-8,530
-34,875
-43,405
45,431
-57,119
0
12,953
-1,765
-448
-1,593

40,703
-12,161
-35,092
-47,253
-6,550
-133,028
0
-11,247
3,224
-3,385
589

Cash After Investing Activities

S/T Borrowings - Existing
L/T Debt - Existing

n/a
n/a
n/a

#VALUE!
0
0

#VALUE!
12,100
75,541

-2,541
-12,100
15,601

-150,397
70,162
73,734

Grey Area
Net Worth
Dividends Paid

n/a
n/a
n/a

0
0
0

20,550
-755
0

5,984
-896
0

1,453
0
0

CHANGE IN CASH

n/a

#VALUE!

#VALUE!

6,048

-5,048

2013
55,656
55,656
6.10
6.10

2014
-2,907
-2,907
0.93
0.93

2015
4,517
4,517
1.10
1.10

76230
76230
7.99
7.99

24488
24488
1.56
1.56

24447
24447
1.52
1.52

DEBT SERVICE RATIO

NOPAT-FINANCING PAYMENTS
NOPAT-(FIN.PAYMENT +DIVIDENDS)
NOPAT/FINANCING PAYMENTS
NOPAT/(FIN.PAYMENTS+DIVIDENDS)

2011

IFO-FINANCING PAYMENTS
IFO-(FIN.PAYMENT +DIVIDENDS)
IFO/FINANCING PAYMENTS
IFO/(FIN.PAYMENTS+DIVIDENDS)

PARITY CHECK:
B/S Footings
CHG.IN R/E
CHG.IN N/W
CHG.IN Cash

333767042.xls

2012
n/a
n/a
n/a
n/a

n/a
#VALUE!
n/a
n/a

n/a
n/a
n/a
n/a

2011

n/a
n/a
n/a
n/a

2012
0
n/a
n/a
n/a

0
0
0
#VALUE!

2013
0
-388,345
206,620
#VALUE!

2014

2015

0
0
0
#VALUE!

0
0
0
#VALUE!

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PT AKASHA WIRA INTERNASIONAL TBK

AGATA ARIES SANDY
PROJECTION ASSUMPTION
SALES INCREASE/DECREASE % (FR PREV.YR)
COGS/SALES %
SGA/SALES %
INTEREST RATE %

SIMPLE CASHFLOW PROJECTION

PROJECT
2016

PROJECT
2017

PROJECT
2018

PROJECT
2019

PROJECT
2020

PROJECT
2021

PROJECT
2022

PROJECT
2023

PROJECT
2024

PROJECT
2025

10%
80.00%
5.00%
15%

STD TOTAL FACILITIES

LTD BEGINNING OF YEAR

70,162
87,431

87,431

87,431

87,431

87,431

87,431

87,431

87,431

87,431

87,431

CPLTD (paid this year)

LTD END OF YEAR

87,431

87,431

87,431

87,431

87,431

87,431

87,431

87,431

87,431

87,431

10,524
13,115
23,639

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

2016
736,698
589,358
12,181
0
135,159
36,835
7,749
90,575

2017
736,698
0
12,181
0
724,517
0
7,749
716,768

2018
736,698
0
12,181
0
724,517
0
7,749
716,768

2019
736,698
0
12,181
0
724,517
0
7,749
716,768

2020
736,698
0
12,181
0
724,517
0
7,749
716,768

2021
736,698
0
12,181
0
724,517
0
7,749
716,768

2022
736,698
0
12,181
0
724,517
0
7,749
716,768

2023
736,698
0
12,181
0
724,517
0
7,749
716,768

2024
736,698
0
12,181
0
724,517
0
7,749
716,768

2025
736,698
0
12,181
0
724,517
0
7,749
716,768

23,639

66,936
16,734

716,768
0

716,768
0

716,768
0

716,768
0

716,768
0

716,768
0

716,768
0

716,768
0

716,768
0

N P A T (Before Extra Income)

Non Operating Items:
Extra (Income)/Expenses (if applicable)
N P A E I (Net Profit After Extra Income)
Cash Dividends
Current Year R/E

50,202

716,768

716,768

716,768

716,768

716,768

716,768

716,768

716,768

716,768

50,202

716,768

716,768

716,768

716,768

716,768

716,768

716,768

716,768

716,768

50,202

716,768

716,768

716,768

716,768

716,768

716,768

716,768

716,768

716,768

CASH FLOW
N P A E I (Net Profit After Extra Income)
Interest Exp.
Non Operating Incomes/Expenses

2016
50,202
23,639
0

2017
716,768
0
0

2018
716,768
0
0

2019
716,768
0
0

2020
716,768
0
0

2021
716,768
0
0

2022
716,768
0
0

2023
716,768
0
0

2024
716,768
0
0

2025
716,768
0
0

NOPAT (Normalized Op. Prof. A.T.)

Depreciation
Amortization

73,841
19,930
0

716,768
19,930
0

716,768
19,930
0

716,768
19,930
0

716,768
19,930
0

716,768
19,930
0

716,768
19,930
0

716,768
19,930
0

716,768
19,930
0

716,768
19,930
0

Income From Operation

93,771

736,698

736,698

736,698

736,698

736,698

736,698

736,698

736,698

736,698

-23,639
0
-23,639

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

2016
50,202
50,202
3.12
3.12

2017
716,768
716,768
#DIV/0!
#DIV/0!

2018
716,768
716,768
#DIV/0!
#DIV/0!

2019
716,768
716,768
#DIV/0!
#DIV/0!

2020
716,768
716,768
#DIV/0!
#DIV/0!

2021
716,768
716,768
#DIV/0!
#DIV/0!

2022
716,768
716,768
#DIV/0!
#DIV/0!

2023
716,768
716,768
#DIV/0!
#DIV/0!

2024
716,768
716,768
#DIV/0!
#DIV/0!

2025
716,768
716,768
#DIV/0!
#DIV/0!

70,132
70,132
3.97
3.97

736,698
736,698
#DIV/0!
#DIV/0!

736,698
736,698
#DIV/0!
#DIV/0!

736,698
736,698
#DIV/0!
#DIV/0!

736,698
736,698
#DIV/0!
#DIV/0!

736,698
736,698
#DIV/0!
#DIV/0!

736,698
736,698
#DIV/0!
#DIV/0!

736,698
736,698
#DIV/0!
#DIV/0!

736,698
736,698
#DIV/0!
#DIV/0!

736,698
736,698
#DIV/0!
#DIV/0!

0
0
0
0
0
60.00%
0

0
0
0
0
0
60.00%
0

0
0
0
0
0
60.00%
0

0
0
0
0
0
60.00%
0

0
0
0
0
0
60.00%
0

0
0
0
0
0
60.00%
0

0
0
0
0
0
60.00%
0

0
0
0
0
0
60.00%
0

0
0
0
0
0
60.00%
0

0
0
0
0
0
60.00%
0

Interest exp. STD (pls calculate)

Interest exp. LTD (pls calculate)
TOTAL INTEREST EXPENSES
TAX RATE %
A/R DOH
INVENTORY DOH
A/P DOH
A/E DOH

PROFIT & LOSS

Net Sales/Revenue
Cost Of Good Sold
Depreciation-Plant
Amortization
Gross Profit
SG & A
Depreciation-Non Plant
Net Op. Profit
Others:
Interest Expenses
Other (inc.)/expense (if applicable)
N P B T (Net Profit Before Tax)
Taxes-Current

- Interest Exp.
- CPLTD (paid this year )
Total Financing Payments
DEBT SERVICE RATIO
NOPAT-FINANCING PAYMENTS
NOPAT-(FIN.PAYMENT +DIVIDENDS)
NOPAT/FINANCING PAYMENTS
NOPAT/(FIN.PAYMENTS+DIVIDENDS)
IFO-FINANCING PAYMENTS
IFO-(FIN.PAYMENT +DIVIDENDS)
IFO/FINANCING PAYMENTS
IFO/(FIN.PAYMENTS+DIVIDENDS)

25%
0
0
0
0

WI AND BANK FINANCING CALCULATION

Net Account Receivables
Inventory
Account Payables Trade
Accrued Expenses
TOTAL WORKING IMVESTMENT
MAXIMUM WI FINANCING %
MAXIMUM BANK LOAN

CASHFLOW BUDGET (monthly)

Dalam Rp. jutaan

Jumlah pesanan dalam unit

120,000 utk 12 kali pengiriman

Harga per unit dalam Rupiah

280,000

Sales /bulan

dalam jutaan

Rp.

COGS/bulan

BULAN
CASH INFLOW
Setoran Modal
DP Proyek
Penerimaan Penjualan
Bank Financing Sewa Mesin
Bank Financing Modal Kerja Lokal
Bank Financing Pembayaran Sight LC

TOTAL CASH INFLOW

15%

/th

2,800
70%

Rp.

5%

Rp.

SGA/bulan

NO

Interest :

1,960 Import:
140

Local:

60%

Rp.

40%

Rp.

1176 X 3 =

Rp.

3528

784

10

11

12

13

14

15

16

CASH OUTFLOW
Margin Deposit Sight LC 30%
Pembelian Material Import - M Deposit
Biaya COGS komponen lokal
Biaya SGA
Sewa Mesin
TOTAL CASH OUT FLOW
NET CASH FLOW
Pembayaran Pinjaman (Fin.Payment)
Bunga pinjaman
Angsuran K Investasi Mesin
Pinjaman Modal Kerja IMPORT
Pinjaman Modal Kerja
ENDING CASHFLOW
ACUMULATED CASHFLOW

TOTAL
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0