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The subsidiary of PT Surya Semesta Internusa Tbk (SSIA) is engaged in general contractor services, PT Nusa Raya Cipta (NRC) this year to go public by releasing 20 to 30% of NRC share capital. In a press release of SSIA on Monday, it said NRC planned to release its new stake to strategic investors and also to the public through a public offering process (go public).

Currently, the NRC is preparing to go public which is planned to use the book as of December 31, 2012. NRC won a new contract of Rp700 billion in early 2013, while in 2012 for 12 months the NRC has secured a new contract of around Rp2.5 trillion. For 2012, the NRC expects to book revenues of Rp2 trillion, an increase of 26% compared to its 2011 operating income.

While contract on hand as of December 31, 2012 is estimated there are still about Rp2 trillion. Large-scale projects that have been completed by NRC in 2012 include Cosmetic Pharmaceutical Factory in Klaten (Central Java), Alam Sutera Office Tower Serpong (Tangerang), Ciputra World I Jakarta (JO Jakon-Tata-NRC), Thamrin Executive Residences Jakarta , Blue Green Office Building Jakarta, Tentrem Hotel Jogyakarta, Cibitung Bread Factory, Mall @ Alam Sutera Serpong, Royal Mediterranean Residences Jakarta, and Thamrin Executive Residences.

source: http://www.investor.co.id/home/nusa-raya-cipta-siap-go-public/53892

Saratoga Capital plans to buy 7 percent stake in PT Nusa Raya Cipta (NRC), a subsidiary of PT Surya Semesta Internusa Tbk (SSIA) engaged in construction. The share purchase value is around Rp 105 billion. “Saratoga will enter NRC through IPO (initial public offering) next May,” said President Director Surya Semesta Johannes Suriadjaja in Jakarta, Monday (18/3). Johannes said, NRC will release 20 percent of new shares through the IPO, with a target of Rp 300 billion. Saratoga will absorb 35 percent of the shares issued in the IPO or equivalent to 7 percent share ownership. Based on Surya Semesta’s financial report as of December 2012, Surya Semesta’s share ownership in NRC reached 83.3 percent.

Total assets of NRC reached Rp 837 billion. NRC appointed PT Ciptadana Securities as underwriter of IPO. The Company will use the financial statements of December 2012. A total of 2/3 of IPO funds are planned to be allocated to fund working capital and the rest to invest in various construction projects. Beginning in 2013, the NRC won a new contract of Rp 700 billion. Last year, the new NRC contract was around Rp 2.5 trillion. Saratoga was founded in 1998 by two local businessmen, Edwin Soeryadjaya and Sandiaga Uno. The nationally renowned investment company is expected to manage US $ 2 billion more. Saratoga invests in several top national companies, such as PT Adaro Energy Tbk (ADRO), the second largest coal company in the country, and PT Tower Bersama Infrastructure Tbk (TBIG), which operates in the telecommunications infrastructure sector.

Not long ago, Saratoga is reportedly intending to release Saratoga Investama Sedaya shares, a private equity firm, through this year’s IPO. The target is around US $ 200 million. Saratoga plans to invest US $ 480 million in a number of consumer goods companies. Meanwhile, Surya Semesta posted a 175 percent surge in net income to Rp 707 billion last year, compared to 2011’s Rp 252 billion. Earnings per share (EPS) reached Rp 150 from Rp 55. Surya Semesta has three business units, namely property covering industrial estate, construction services, and hotels. Surya Semesta through its subsidiary, PT Suryacipta Swadaya (SCS), manages Suryacipta of Industry industrial estate in East Karawang, West Java. Land concession area reaches 1,400 hectares (ha). Business contractors worked on NRC. PT Suryalaya Anindita International (SAI) is Surya Semesta’s business vehicle in the domestic hospitality sector

Ever since obtaining the ISO 9002 : 1994 certification in 1999, PT Nusa Raya Cipta has implementing the Quality Management System simultaneously in its Head Office in Jakarta, its West Regional Office in Medan and East Regional Office in Surabaya.

In November 2003 the ISO 9002 : 1994 certificate was successfully renewed and upgraded to the ISO 9001-2000 version. Subsequently in December 2004 the Semarang Branch Office obtained its ISO 9001-2000 certification. Hence simultaneously the Head Office in Jakarta, the West Regional Office in Medan , the East Regional Office in Surabaya and the Semarang Branch Office together have obtained its ISO 9001-2000 Multisite Certificate. Eventually, in December 2006 the Multisite Certificate was renewed by including Bali island area after the Denpasar Branch Office obtained its ISO 9001-2000 certification

On December 10th, 2009 the company has reimproved and obtained the Certificate of Quality Management System ISO 9001:2008 from PT. Sucofindo International Certification Services (SICS) and Certification of Health and Safety Management System from the Man Power and Transmigration Department of the Republic of Indonesia. Recently, the Company is obtained OHSAS 18001:2007 Certificate