TRADA MARITIME TBK.

Company Profile

PT Trada Maritime Tbk. was established based on Deed No. 18 dated August 26th, 1998 before Anasrul Jambi, S.H., Notary in Jakarta.  The Company  is domiciled  in  Jakarta  at  Trada Building,  Jln. Kyai Maja No. 4, Kebayoran Baru, Jakarta 12120.  In accordance with Article 3 of Association of  the Company,  the Company  is engaged  in field of shipping and sea transportation.  The Company has direct and indirect ownership in subsidiaries: PT Hanochem Shipping, PT Hanochem Tiaka Samudera, Hanochem Labuan Samudera Ltd.,  Java Maritime Lines, S.A., PT Trada Tug and Barge, PT Trada Offshore Services, PT Trada Shipping, PT Trada Dryship, PT Agate Bumi Tanker, Trada Dryship Singapore Pte. Ltd. and Trada Samudera Bangsa Pte. Ltd. 

January 2012

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C O M P A N Y R E P O R T C O M P A N Y R E P O R T

TRAM

COMPANY REPORT : JANUARY 2012 As of 31 January 2012 Main Board Individual Index : Industry Sector : Infrastructure, Utilities & Transportation (7) Listed Shares : Industry Sub Sector : Transportation (74) Market Capitalization:

COMPANY HISTORY SHAREHOLDERS (January 2012)Established Date : 26-Aug-1998 1. PT Trada Resources Indonesia :Listing Date : 10-Sep-2008 2. PT Trada International :Under Writer IPO :

PT Danatama Makmur DIVIDEND ANNOUNCEMENTPT HD Capital Tbk Bonus Cash

Securities Administration Bureau : Shares DevidendPT Adimitra Transferindo 2.00Plaza Property 2nd Fl. Komp. Pertokoan Pulomas Blok VIII No. 1 4.58Jln. Perintis Kemerdekaan Jakarta 13210 4.7 - 4.8Phone : 4788-1515 (Hunting)Fax : 470-9697 ISSUED HISTORY

BOARD OF COMMISSIONERS Type of ListingDarmansyah Tanamas 1. First IssueKris Hidayat Sulisto 2. Company ListingSudjanadi Tjiptosudarmo *) 3. Warrant :

*) Independent Commissioners

BOARD OF DIRECTORSTeguh Arya PutraAdrian Erlangga SjamsulAnak Agung Alit WiradharmaJan Patty

AUDIT COMMITTEESudjanadi TjiptosudarmoAudhy FernandoSulasmo

CORPORATE SECRETARYAdrian Erlangga

HEAD OFFICETrada Building 3rd Fl.Jln. Kyai Maja No. 4 Kebayoran Baru, Jakarta 12120Phone : (021) 7278-6852Fax : (021) 7278-6851/53

Homepage : www.trada.co.idEmail : info@trada.co.id; adrian@trada.co.id

T: 06-May-09

2010 07-Jun-11 08-Jun-11 10-Jun-11 24-Jun-11

10-Sep-08 10-Sep-0810-Sep-08 10-May-09

999,841,746 15-Sep-11

2.3.

1.

2009

2.3.

1.

1.2.3.4.

03-Jun-09 F14-May-09

9,342,376,076,160

1,581,800,000 16.25%34.75%3,381,337,500

PaymentF/I

F09-Jul-10 12-Jul-10 14-Jul-10 28-Jul-10 F

TRAMTrada Maritime Tbk. [S]768.000

9,731,641,746

15-May-09

Cum Ex RecordingYear Date Date Date Date

Listing TradingShares Date Date

4,000,000,0004,731,800,000

2008 19-May-09

TRADING ACTIVITIESFreq. Volume Value

Month High Low Close (X) (Thou. Sh) (Million Rp) Sep-08 380 125 380 15,637 2,225,448 528,152 14 Oct-08 375 104 119 1,030 172,887 58,052 18 Nov-08 130 78 84 229 112,232 16,845 19 Dec-08 97 50 50 3,685 112,573 12,405 18 Jan-00 - - - - - - - Jan-09 53 50 50 679 10,768 548 13 Feb-09 51 50 50 1,086 41,825 2,091 12 Mar-09 53 50 50 1,439 30,369 1,525 12 Apr-09 94 50 79 6,499 412,079 25,627 20 May-09 109 75 99 4,035 187,416 17,534 20 Jun-09 250 100 230 28,434 2,983,940 607,891 22 Jul-09 245 183 245 4,095 868,782 194,875 21 Aug-09 330 230 275 16,324 2,346,388 697,528 20 Sep-09 280 245 255 5,654 858,386 230,655 18 Oct-09 255 205 220 3,201 183,178 47,173 22 Nov-09 225 195 220 1,556 78,949 21,094 20 Dec-09 560 215 530 8,582 979,230 410,426 19 Jan-00 - - - - - - - Jan-10 600 500 530 6,252 409,410 226,205 20 Feb-10 540 495 500 3,399 198,733 100,365 19 Mar-10 510 490 495 2,108 573,209 286,046 22 Apr-10 540 475 480 3,535 132,490 66,875 21 May-10 480 460 475 406 61,772 30,017 19 Jun-10 475 455 455 146 209,513 110,316 20 Jul-10 540 450 520 5,414 720,782 352,893 22 Aug-10 600 510 540 5,862 1,550,906 856,233 21 Sep-10 630 540 580 5,003 1,188,153 696,125 17 Oct-10 650 560 600 6,919 1,902,959 1,163,633 21 Nov-10 650 590 600 5,293 2,123,986 1,273,850 21 Dec-10 630 590 620 1,693 554,384 340,382 20J 00

Day

Trada Maritime Tbk. [S]

Closing Price

90

180

270

360

450

540

630

150

300

450

600

750

900

1,050

Sep 08 Sep 09 Sep 10 Sep 11

TRADA MARITIME TBK. [S]SEPTEMBER 2008 - JANUARY 2012

CLOSING PRICE* AND TRADING VOLUMEClosing

Price* Volume (Mill. Sh)

475%

570%

475%

570%

Jakarta Composite IndexInfrastructure Index

CHANGE OF CLOSING PRICE

SEPTEMBER 2008 - JANUARY 2012INFRASTRUCTURE INDEX AND JAKARTA COMPOSITE INDEX

TRAM

Jan-00 - - - - - - - Jan-11 630 590 600 1,365 534,923 324,293 22 Feb-11 630 600 630 1,403 693,112 429,501 18 Mar-11 650 570 590 4,016 1,511,002 925,076 23 Apr-11 620 570 600 1,804 564,277 334,854 20 May-11 610 570 600 4,055 1,446,118 846,736 21 Jun-11 620 570 600 3,782 1,335,068 786,460 20 Jul-11 620 580 590 3,133 1,559,409 930,893 21 Aug-11 600 510 560 3,039 1,567,112 891,711 19 Sep-11 990 560 750 7,483 1,773,977 1,433,218 20 Oct-11 930 690 880 3,944 1,648,461 1,307,595 21 Nov-11 930 770 930 5,497 2,376,226 1,920,419 22 Dec-11 1,000 880 990 5,829 2,147,699 2,011,879 21 Jan-00 - - - - - - - Jan-12 1,030 930 960 23,795 1,529,628 1,488,806 21 Feb-12 - - - - - - - Mar-12 - - - - - - - Apr-12 - - - - - - -

SHARES TRADED 2008 2009 2010 2011 Jan-12 May-12 - - - - - - - Volume (Million Shares) 2,623 8,981 9,626 17,157 1,530 Jun-12 - - - - - - - Value (Billion Rp) 615 2,257 5,503 12,143 1,489 Jul-12 - - - - - - - Frequency (X) 20,581 81,584 46,030 45,350 23,795 Aug-12 - - - - - - - Days 69 219 243 248 21 Sep-12 - - - - - - -

Oct-12 - - - - - - - Price (Rupiah) Nov-12 - - - - - - - High 380 560 650 1,000 1,030 Dec-12 - - - - - - - Low 50 50 450 510 930 Jan-00 - - - - - - - Close 50 530 620 990 960 Jan-13 - - - - - - - Close* 50 530 620 990 960 Feb-13 - - - - - - -

Mar-13 - - - - - - - PER (X) 9.99 46.32 51.19 50.61 49.07 Apr-13 - - - - - - - PER Industry (X) 11.31 7.19 14.22 8.27 7.94 May-13 - - - - - - - PBV (X) 0.43 4.22 4.65 7.24 7.02 Jun-13 - - - - - - -

Jul-13 - - - - - - - * Adjusted price after corporate action

-95%

-

95%

190%

285%

380%

-95%

-

95%

190%

285%

380%

Sep 08 Sep 09 Sep 10 Sep 11

Closing Price

Financial Data and RatiosPublic Accountant : Mulyamin Sensi Suryanto (Member of Moore Stephens International Ltd.) Book End : December

BALANCE SHEET Dec-2007 Dec-2008 Dec-2009 Dec-2010 Sep-2011(Million Rp except Par Value)Cash & Cash Equivalents 33,370 80,512 426,120 50,321

Trada Maritime Tbk. [S] TRAM

2,625

TOTAL ASSETS AND LIABILITIES(Billion Rupiah)

Receivable 86,114 75,967 111,904 150,670

Inventories - - - -Current Assets 569,181 668,436 620,410 503,762Fixed Assets 749,952 920,218 1,491,658 1,916,547Other Assets - - - -Total Assets 1,377,531 1,614,885 2,184,538 2,574,105Growth (%) 17.23% 35.28% 17.83%

-

525

1,050

1,575

2,100Assets Liabilities

Current Liabilities 160,211 123,575 197,476 191,702Long Term Liabilities 208,053 321,266 709,342 916,528Total Liabilities 368,264 444,841 906,819 1,108,230Growth (%) 20.79% 103.85% 22.21%

Minority Interest -5,982 71,866 111,687 -Authorized Capital 1,500,000 1,500,000 1,500,000 1,500,000Paid up Capital 873,180 873,505 874,904 973,164Paid up Capital (Shares) 8,732 8,735 8,749 9,732

2008 2009 2010 Sep-11

1,0151,098

1,166

1,466

880

1,173

1,466

TOTAL EQUITY (Billion Rupiah)

Par Value 100 100 100 100Retained Earnings 58,970 141,454 207,426 246,807Total Equity 1,015,249 1,098,177 1,166,033 1,465,876Growth (%) 8.17% 6.18% 25.71%

INCOME STATEMENTS Dec-2007 Dec-2008 Dec-2009 Dec-2010 Sep-2011Total Revenues 317,112 334,273 405,931 408,295Growth (%) 5.41% 21.44%

-

293

586

880

2008 2009 2010 Sep-11

TOTAL REVENUES (Billion Rupiah)Expenses 220,251 189,293 199,966 241,706Gross Profit 96,861 144,980 205,966 166,588Operating Expenses 30,390 37,105 46,346 47,033Operating Profit 66,471 107,874 159,620 119,555Growth (%) 62.29% 47.97%

Other Income (Expenses) -24,886 26,822 -16,505 -21,189Income before Tax 41,585 134,696 143,115 98,366Tax 6,584 12,461 441 3,761

317 334

406 408

163

245

327

408

TOTAL REVENUES (Billion Rupiah)

Minority Interest 8,701 -22,289 -36,750 -Net Income 43,702 99,947 105,925 94,605Growth (%) 128.70% 5.98%

RATIOS Dec-2007 Dec-2008 Dec-2009 Dec-2010 Sep-2011Current Ratio (%) 355.27 540.91 314.17 262.78Dividend (Rp) - 2.00 4.58 - -EPS (Rp) 5.00 11.44 12.11 9.72BV (Rp) 116.27 125.72 133.28 150.63

-

82

2008 2009 2010 Sep-11

100106

95

NET INCOME (Billion Rupiah)

DAR (X) 0.27 0.28 0.42 0.43DER(X) 0.36 0.41 0.78 0.76ROA (%) 3.02 8.34 6.55 3.82ROE (%) 4.10 12.27 12.27 6.71GPM (%) 30.54 43.37 50.74 40.80OPM (%) 20.96 32.27 39.32 29.28NPM (%) 13.78 29.90 26.09 23.17Payout Ratio (%) 39.96 40.03 - -Yield (%) 4.00 0.86 - -

44

-

21

42

64

85

2008 2009 2010 Sep-11