00:00The following is the latest news.
00:05In the middle of the news, the king of textiles,
00:09as well as the emitter noted in the stock market,
00:11PT Sri Rezeki Isman TBK or Sril,
00:14was officially declared a pilot by the State Court of Niagara-Semarang.
00:18This stock has also been suspended by the Indonesian Stock Exchange since May 2021,
00:22where Anjlo's stock is in the last position, 146.
00:30In the middle of the news, the king of textiles,
00:32as well as the emitter noted in the stock market,
00:34PT Sri Rezeki Isman TBK or Sril,
00:36was officially declared a pilot by the State Court of Niagara-Semarang.
00:40The petitioner, PT Indo Barat Rayon,
00:42proposed a peace settlement with the petitioner Lantaran Lalai
00:46in fulfilling the payment obligation.
00:49So, how big is Sritex's debt obligation?
00:53Based on the financial report of 2023,
00:56Sritex has a total liability of USD 1.6 billion.
00:59The total includes a short-term liability of USD 113 million
01:03and a long-term liability of USD 1.49 billion.
01:08Sritex's short-term liability includes a short-term debt of USD 11 million,
01:13a short-term business debt of USD 31.86 million,
01:18and a medium-term debt of USD 5 million.
01:22Sritex's long-term liability is also dominated by a bank loan of USD 858.04 million,
01:29a net obligation of USD 371.86 million,
01:33and a long-term business debt of USD 92.51 million.
01:39Sritex's management, Sril,
01:42has recorded a net loss of USD 174.84 million in 2023.
01:48At the same time, Sril reported a capital deficit and deficiency
01:52of USD 1.16 billion each and USD 954.82 million.
01:59Sritex's management notes that Sril has recorded a net loss of USD 175 million in 2023.
02:07Previously reported in June 2024,
02:09Sril has revealed the heavy burden borne by the supply
02:12due to the pressure of the domestic market since the pandemic
02:15and the accumulation of imported textile products and the global geopolitical conflict.
02:20The pilot decision threatens about 20,000 employees left in the Sritex Group.
02:26The company has been suspended since May 2021,
02:31with Sril Anjlo in the last 140 positions.
02:45For more UN videos visit www.un.org
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