Category Archives: NEWS

Construction services company PT Nusa Raya Cipta allocates most of its initial public offering (IPO) fund for construction work capital.

The management of the company, led by Hadi Winarto Christianto, mentioned that about 75% of the proceeds from the IPO will be used to strengthen working capital construction. The use of working capital is 20% for Ciputra World II project financing, 10% for Parahyangan Residence project financing, and 45% for financing the Cikampek-Palimanan toll road project. “The remaining 25 percent will be used for capital expenditure, which is to purchase new heavy equipment to support our infrastructure business, particularly for the Cikampek-Palimanan toll road,” he said in a prospectus published on Thursday (5/30/2013).

Furthermore, the company mentioned a number of equipment such as excavator, dump truck, bulldozer, motor grader, sheep foot roller, vibratory roller, water tanker, concrete pump, concrete paver finsher and other auxiliary equipment. The Company did not mention the funding target and the initial price range in the prospectus. However, based on records Business, subsidiary Surya Semesta Internusa is eyeing the acquisition of fresh funds from IPO Rp300 billion.In the corporate action, the company has appointed PT Ciptadana Securities as underwriter.

Source : http://www.bisnis.com

PT Nusa Raya Cipta’s construction service company will release 12.34 percent or 306.09 million shares in an initial public offering (IPO). The management, led by Hadi Winarto Christianto, explained that the bookbuilding period will start on today, Thursday (30/5/2013) until June 7, 2013. Meanwhile, the effective statement related to the corporate action is expected to be obtained on June 18, 2013.

“Initial listing of shares in Indonesia Stock Exchange we hope can be realized on 27 June 2013,” he explained in the prospectus published on Thursday (30/5/2013). Together with the IPO, the company will also issue a series warrants of 102.03 million shares that can be converted into new shares. The Series I warrants are granted to each new shareholder whose names are listed on the shareholders’ allotment list for free with the condition that each holder of three new shares will receive a single I warrant.

In the prospectus also mentioned, as of 27 May 2013, 8% or 173.91 million shares of PT Surya Semesta Internusa Tbk subsidiary was owned by PT Saratoga Investama Sedaya. This is based on the share return agreement signed in the company dated March 18, 2013 and amended with changes and re-statement of shareholder agreement in
company on May 27, 2013.

“Saratoga Investama Sedaya took over the company’s shares by 8% for Rp120 billion. And the ownership of Saratoga became effective on the date of issuance of the letter of acceptance of notification of changes to the company’s articles of association, “he explained. From previous reports, the company plans to conduct share swaps with Saratoga before the IPO.At that time, Saratoga plans to buy some shares of Nusa Raya, and Nusa Raya will buy Saratoga shares of the same amount in the Cikampek-Palimanan toll road project.

Source: http://www.bisnis.com

One of PT Surya Semesta Internusa Tbk (SSIA) subsidiaries engaged in general contractor services, PT Nusa Raya Cipta (NRC) is currently preparing to become a public company. Initial public offering (IPO) is scheduled to be in 2013. In today’s statement, the company will release some of its subsidiary shares to strategic investors through an IPO mechanism, with the number of shares issued between 20-30 percent of the share capital NRC. The book that will be used to implement the IPO is the end of December 2012. The reason for the company to release some of its subsidiary’s shares is due to see the positive growth prospects of construction services this year.

Earlier this year, the NRC won a new contract of Rp700 billion, while the total new contracts reached last year reached Rp2.5 trillion. From last year’s new contract, the company expects to book revenues of Rp2 trillion, up 26 percent from the previous year. Projects currently underway by the NRC include Ciputra World II Project Apartment in Mega Kuningan, Cikampek Palimanan toll road project along 116 km (km) with a value of Rp7.7 trillion. In this toll road project, NRC conducted a joint operation with PT Karabha Griyamandiri. This project will begin work this month and its completion is estimated to take 30 months. While a number of projects to be completed this year, including Mayapada PKV Hospital, Jakarta; The Rimba Hotel jimbaran, Bali; Malang City Point, Malang; Grand Metropolitan, Bekasi and Crowne Hotel, Bandung.

source: http://ekbis.sindonews.com/read/2013/02/05/32/714494/anak-usaha-surya-semesta-akan-ipo-tahun-ini

PT. Ciputra Adigraha officially appointed PT. Jaya Kontruksi Manggala Pratama Tbk., PT. Tatamulia Nusantara Indah, and PT. Nusa Raya Cipta, as the main contractor in the construction of Superblock Ciputra World Jakarta with a contract value of Rp 1.055 trillion

source :Tempo/Panca Syurkani;20100510

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