Information to the Shareholders on the Right
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INDICATIVE TIMETABLE Consolidated Financial Ratios (Unaudited) INFORMATION TO THE SHAREHOLDERS 31 Desember Date of GMS : June 8, 2020 Information Effective Date from FSA : July 17, 2020 2019 2018 ON THE RIGHT ISSUE III TO RAISE CAPITAL 1) The Last Trading Date of Shares with Preemptive Rights EBITDA (in million of Rupiah) 2.642.417 1.877.255 (Cum-Right) in the Regular Market and Negotiated Market : July 27, 2020 WITH PREEMPTIVE RIGHTS The Last Trading Date of Shares with Preemptive Rights GROWTH RATIO 2) (%) (Cum-Right) in the Cash Market : July 29, 2020 Net Revenue 4,12% 15,96% The Last Trading Date of Shares without Premptive Rights THE FINANCIAL SERVICES AUTHORITY NEITHER GIVES ITS APPROVAL OR DISAPPROVAL ON THE SECURITIES, NOR CONFIRMS THE ACCURACY Gross profit 8,15% 11,48% (Ex-Right) in the Regular Market and Negotiated Market : July 28, 2020 OR COMPLETENESS OF THE CONTENT OF THIS ABRIDGED PROSPECTUS. ANY STATEMENT CONTRARY TO THE ABOVE SHALL BE AGAINST THE The Last Trading Date of Shares without Preemptive Rights (Ex- Operating profit -5,49% -18,00% LAW. Right) in the Cash Market : July 30, 2020 Total comprehensive incove -107,14% -65,21% The Last Recording Date in the Shareholder Register which Eligible THIS ABRIDGED PROSPECTUS IS IMPORTANT AND REQUIRES IMMEDIATE ATTENTION. SHOULD YOU HAVE ANY DOUBT AS TO THE ACTIONS YOU Total assets 8,90% 28,25% for Preemptive Rights : July 29, 2020 Total liabilities 14,42% 35,97% Date of Distribution of Preemptive Rights : July 30, 2020 SHOULD TAKE, YOU ARE ADVISED TO CONSULT WITH COMPETENT ADVISORS. Total equity -7,77% 9,45% Share Listing Date on the IDX : August 3, 2020 PT INDOMOBIL SUKSES INTERNASIONAL TBK (THE “COMPANY”) IS FULLY RESPONSIBLE FOR THE ACCURACY OF ALL MATERIAL INFORMATION, Preemptive Rights Certifcate Trading Period : August 3 – 7, 2020 FACTS, DATA OR REPORTS AND THE TRUTH OF OPINIONS PRESENTED IN THIS ABRIDGED PROSPECTUS. OPERATING RATIO (x) Preemptive Rights Shares Distribution Period : August 5 – 11, 2020 Gross profit / Net Revenue 0,20 0,19 The Last Payment Date for Additional Share Subscription : August 11, 2020 Operating profit / Net Revenue 0,06 0,06 The Last Distribution Date for Additional Share Subscription : August 12, 2020 Total comprehensive income / Net Revenue -0,004 0,051 The Additional Share Subscription Refund Date : August 14, 2020 Gross Profit / Total assets 0,08 0,08 The Company has submitted registration statement in connection with the Rights Issue Total comprehensive income / Total assets -0,001 0,022 III with respect to the issuance of Preemptive Rights directed to the Executive Chief Gross profit / Total equity 0,39 0,34 of Capital Market Supervisory, the Financial Service Authority in Jakarta with Cover Operating profit / Total equity 0,11 0,11 Letter on the Registration Statement No. 671/IMSI/HK-458/VI/20 dated June 10, 2020 Total comprehensive income / Total equity -0,007 0,090 in accordance with the requirements set forth in the FSA Regulation No. 32/2015 Account receivables turn over average number 3) (times) 5,95 7,03 which is the implementing regulation of Law of the Republic of Indonesia No. 8 of 1995 Trade payables average number 4) (days) 43,27 46,55 concerning Capital Market and the implementing regulations thereof. PT INDOMOBIL SUKSES INTERNASIONAL Tbk Trade payables turnover average number 5) (times) 5,95 5,28 All the Supporting Institutions and Professional of the Capital Market in relation to Main Business Activities: Trade payables turnover average number 6) (days) 61,29 69,09 this Rights Issue III shall be fully responsible for the accuracy of all data, statement Engaged in Automotive and Other Business Activities Inventories turnover average number 7) (times) 4,59 4,56 or report and honest opinion presented in this Abridged Prospectus, in accordance Inventories turnover average number 8) (days) 79,52 80,03 with their functions and positions in accordance with provisions of the laws and Domiciled in East Jakarta, Indonesia regulations of the Capital Market as well as their respectives codes of ethics, norms Head Office: and professional standards. Wisma Indomobil 1 6th Floor, FINANCIAL RATIOS (x) Current assets / Current liabilities 0,77 0,75 Each of the affiliated party is prohibited from providing any information or issuing Jl. MT. Haryono Kav. 8, Jakarta 13330 Quick ratio 9) 0,62 0,53 any statements whatsoever concerning data or matters that are not disclosed in this Phone: (021) 8564850/60/70 Abridged Prospectus without the Company’s prior written approval. Fax: (021) 8564833 Total liabilities / Total assets 0,79 0,75 Total liabilities / Total Equity 3,75 3,02 The Supporting Institutions and Professional of the Capital Market involve in this website: www.indomobil.com Rights Issue III stated that they have provided written approval in relation to the Email: [email protected] Operating cash flow / Total comprehensive income 9,44 (2,46) inclusion of name of the respective Supporting Institutions and Professions of the EBITDA / Finance charges 1,63 1,55 RIGHTS ISSUE (”RIGHTS ISSUE”) III TO THE SHAREHOLDERS 10) Capital Market into this Abridged Prospectus. Debt to Equity Ratio 3,20 2,50 TO RAISE CAPITAL WITH PREEMPTIVE RIGHTS (“PREEMPTIVE RIGHTS”) 11) In connection with the FSA Regulation No. 32/2015 regarding Raising Capital with Debt to EBITDA Ratio 11,40 13,60 Preemptive Rights in the event that the shareholder owning Preemptive Rights in a The Company shall offers Rights Issue III to the shareholders of the Company to raise capital with Preemptive Rights, to subscribe common shares in a maximum of Profit (loss) / Total Assets 0,003 0,003 form of fraction, the Company will have the rights over such fraction of securities and 1.229.012.627 (one billion two hundred twenty nine million twelve thousand six hundred twenty seven) ordinary shares with a nominal value of Rp250,- (two hundred Profit (loss) / Total Equity 0,02 0,01 will be sold by the Company and the proceeds of such sales shall be deposited into fifty Rupiah) per share(“Rights Shares”), with the Exercise Price being Rp[*] ([*] Rupiah) per share, and the total maximum amount of Rp[*] ([*] Rupiah) (“Exercise Remarks: Price”), being 30,77% (thirty point seventy seven percent) of the total issued and paid up shares of the Company after Right Issue III. 1) EBITDA is calculated from the sum of earnings before income tax expense, financial expenses, the Company’s account. depreciation and amortization expenses for the year ended 31 December 2019 Each holder of 225 (two hundred twenty five) existing shares whose names are registered in the Shareholder Register on July 29, 2020 at 16.00 Western Indonesian 2) Growth Ratio is calculated by comparing: (i) the account balance on the consolidated statement of financial ANY INFORMATION, DATA, OPINIONS AND REPORTS DISCLOSED IN THIS Time shall be entitled to 100 (one hundred) Preemptive Rights, whereby 1 (one) Preemptive Rights shall give its holder the right to purchase 1 (one) Rights Shares of position at the end of the year with the beginning of the year balance; or (ii) account balances for profit ABRIDGED PROSPECTUS ARE PRESENTED AND MADE PURSUANT TO THE Right Issue III at the Exercise Price of Rp[*] ([*] Rupiah) per share, which shall be paid in full upon submission of the shares subscription of such Preemptive Rights. and loss and other comprehensive income for the year ended December 31 with the same period in the CONDITION OF THE COMPANY UNTIL THE DATE OF THE ISSUANCE OF THIS previous year ABRIDGED PROSPECTUS, UNLESS OTHERWISE EXPRESSLY STATED. THIS The Rights Shares of this Rights Issue III to raise capital with Preemptive Rights are entirely new shares issued of the Company’s portfolio, and have identical and 3) Average accounts receivable turnover (times) is calculated from net revenue for the year ended December 31 excluding revenues from financial services segment divided by the total of trade receivables balance as STATEMENT IS NOT INTENDED TO BE INTERPRETED THAT THERE EXISTS equal rights in all respects, including the right to receive dividends with the Company’s existing issued and paid up shares and shall be listed on the Indonesia Stock Exchange (IDX) with due consideration to the prevailing laws and regulations. of 31 December 2019 and 2018 divided by 2 CHANGES FROM THE INFORMATION, DATA, OPINIONS, AND REPORTS AFTER 4) Average accounts receivable turnover (days) is calculated from 365 days divided by average accounts THE ISSUANCE DATE OF THIS ABRIDGED PROSPECTUS. Pursuant to the provisions of FSA Regulation No. 32/2015, the Company has obtained prior approval from the shareholders regarding the Rights Issue III of the receivable turnover (times) Company through the General Meeting of the Shareholders (“GMS”) convened by the Company on June 8, 2020. 5) The average turnover of trade payables (times) is calculated from the cost of revenues for the year ended THIS RIGHTS ISSUE III IS NOT REGISTERED PURSUANT TO OTHER LAWS AND December 31 excluding revenues from financial services segment divided by the total of trade payable Gallant Venture Ltd as the majority shareholder of the Company, owning 71,49% of the total issued and paid-up shares of the Company, declared that it would not balance as of 31 December 2019 and 2018 devided by 2 REGULATIONS OTHER THAN THOSE PREVAILING IN INDONESIA. SHOULD ANY 6) The average turnover of trade payables (days) is calculated from 365 days divided by the average turnover PARTY OUTSIDE THE JURISDICTION OF INDONESIA OBTAIN THIS ABRIDGED exercise, and will transfer its entire Preemptive Rights in the Rights Issue III to PT Bina Raya Perkasa, being 878.562.566 (eight hundred seventy eight million five of accounts payables (times) PROSPECTUS OR THE PREEMPTIVE RIGHTS CERTIFICATE OR ANY OTHER hundred sixty two thousand five hundred sixty six) Preemptive Rights.