JAKARTA (Yosefardi) – PT Siwani Makmur Tbk (SIMA), manufactures flexible plastic sheets and plastic containers for food and other packaging industries, plans to bag loan of Rp125 billion from PT Kemilau Inti Semesta (KIS).
This transaction is material as the loan is more than 50% of SIMA’s capital. SIMA’s assets reached Rp61.08 billion while liability amounted Rp26 billion.
SIMA booked net profit of Rp3.67 billion in the first quarter of 2015 on net sales of Rp6.72 billion. In 2014, SIMA booked net profit of Rp1.38 billion on net sales of Rp15.76 billion.