Chandra Asri Petrochemical Tbk.

Brief of Company Background

The Company was established in 1988 and is engaged in petrochemical sector. The Company started its commercial operation in 1992 and currently is the largest Indonesian manufacturer of Polypropylene resins with annual capacity of 360,000 metric tons. Polypropylene resins are widely used in packaging applications, industrial goods, plastic goods and other consumer goods. Polypropylene is produced using Propylene, which is derived by processing naphtha or propane. The Company primarily sells its products in Indonesia under the brand name of Trilene?. The Company's net sales for the last three years have indicated an increasing growth. In 2007, the Company's net sales increased by 18.7% and in 2006 by 8.5% compared to in 2005. This increase was mainly due to higher sales quantity and price. The sales price increased from US$ 1,115 per metric ton in 2005 to US$ 1,306 per metric ton in 2006 and US$ 1,436 per metric ton in 2007. Cost of Goods Sold increased by 9.5% in 2007 and 9.2% in 2006 compared to 2005. The increased was mainly due to higher Propylene cost as main raw material in producing Polypropylene, and higher production volume especially in 2007. As result of the factors described above, in 2007 the Company's gross profit increased by 264.3% to Rp. 476.7 billion from Rp. 130.9 billion in 2006. In 2006, it had decreased by 7.5% from Rp. 141.5 billion in 2005. The Company's operating expenses increased by 17.5% in 2007 compared to 2006. This was mainly due to the increase in freight cost, personnel expenses and professional fees. Company's operating income in 2007 increased from Rp. 13.4 billion in the prior year to Rp. 338.6 billion. In 2006, it had decreased from Rp. 18.7 billion in 2005. Net income in 2007 increased by 174.2% compared to in 2006. This was mainly caused by the increase of sales and profit margin, as well as Extraordinary Item - Gain on Settlement of Unsecured Notes amounting to Rp 190.4 billion in 2007. The Company recorded an increase of assets from Rp. 2,125.3 billion as of 31 December 2006 to Rp. 2,610.5 billion as of 31 December 2007. As of 31 December 2007, total liabilities decreased from Rp. 1,039.7 billion in the prior year to Rp. 1,039.1 billion. And The Company's equity increased to Rp. 1,571.4 billion as of 31 December 2007 from Rp. 1,085.6 billion as of 31 December 2006 mainly as a result of the net profit recorded in 2007.

Shareholder List

Management