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Equity Development Investment Tbk, PT

Main Activities: Investment Brokerage and Other Financial Investments - Insurance Carriers and Related Activities

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Company Information

Full name
Equity Development Investment Tbk, PT

Headquarters
6/F Wisma Sudirman Jln Jend Sudirman Kav 34; Jakarta; Jakarta; 10220
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
ISIN CODE : ID1000074206
Financial Auditors: Purwantono, Suherman & Surja (2011)
Incorporation Date: November 1, 1982
Total Employees: 981

Tel: (62 21) 5739330

Company Description

PT Equity Development Investment Tbk (GSMF), which was established under the name of Gajah Surya Arta Leasing, is engaged in leasing, consumer finance and factoring activities. GSMF is a member of the Gajah Tunggal Group, headed by Mr. Sjamsul Nursalim. GSMF engages in leasing activities commence its operation in 1985. GSMF expanded its business activities by providing consumer financing and factoring services in 1988. Since 1994, GSMF conducted business diversification by acquiring several companies
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Company Analysis

According to the Consolidated - Non-Audited financial statement for the first three cumulated quarters of 2010, total net operating revenues decreased with -75.72%, from IDR 699,793.94 millions to IDR 169,938.42 millions. Operating result increased from IDR 4,287.77 millions to IDR 24,673.28 millions which means 475.43% change. The results of the period increased 1118.88% reaching IDR 17,906.72 millions at the end of the period against IDR 1,469.11 millions last year. Return on equity (Net income/Total equity) went from 0.29% to 26.53%, the Return On Asset (Net income / Total Asset) went from 0.09% to 0.96% and the Net Profit Margin (Net Income/Net Sales) went from 0.21% to 10.54% when compared to the same period of last year.

Key Executives

Muhamad Zulkifli Abusuki President Director
Rachmad Deswandy Director
Tetty Lanawati Gozali Director
Tan Kurniawan Sutandar Unaffiliated Director
Tan Kurniawan Sutandar Corporate Secretary

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Balance Sheet

Total Assets

2,595,955,200

2,390,792,960

Current Assets

2,309,643,776

2,135,260,288

Total Liabilities

2,009,821,056

1,808,197,248

Shareholders Equity

661,532,048

658,830,528

Current Liabilities

1,766,286,336

1,599,739,136

* All the accounts are in IDR.
Income Statement

Operational Profit (Loss)

43,733,944

35,240,352

Net Profit (Loss)

29,609,662

24,834,452

* All the accounts are in IDR.
Ratios
Profitability Ratios

Return on Assets (ROA)

1.14%

1.04%

Annualised Return on Assets (ROA)

1.52%

2.08%

Return on Equity (ROE)

5.05%

4.26%

Annualised Return on Equity (ROE)

6.73%

8.52%

Return on Capital

4.32%

3.86%

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-712,123,455

-464,988,051

EBITDA

-704,144,896

-459,864,000

Enterprise value

932,377,830

625,445,011

Enterprise Value / EBITDA

-1.32

-1.36

Bookvalue (BV)

2,489,816,995

2,330,199,132

Net Cash

-1,633,877,304

-1,476,874,040

Liquidity Ratios

Current Ratio

130.76%

133.48%

Quick ratio

130.76%

133.48%

Doom's day ratio

7.5%

7.68%

Leverage Ratios

Leverage ratio

442.89%

410.37%

Interest Coverage Ratio

-14,264.93%

-16,951.87%

Debt to equity

342.89%

310.37%

Debt to total assets

77.42%

75.63%

Long Term Debt to Capital

12.75%

11.12%

Debt / Enterprise Value

11.38%

9.69%

Market ratios

Market Capitalization/EBITDA

-1.25

-1.33

Price/Book Ratio

0.35

0.26

Market Cap / Net cash

-0.54

-0.41

Trend Ratios

Net Income Trend

194.69%

182.05%

Operating Income Trend

106.88%

105.83%