MIRA INFORM REPORT

Report Date :

29.01.2011

IDENTIFICATION DETAILS

Name :	WOOD DOCTOR HOLDING PTE. LTD.
Registered Office :	117 Kallang Way 2, Singapore 349228
Country :	Singapore
Date of Incorporation :	16.10.2009
Com. Reg. No.:	200919402R
Legal Form :	Pte Ltd
Line of Business :	supply and installation of timber floors

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	New Company
Payment Behaviour :	Unknown
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30, 2010

Country Name	Previous Rating (01.04.2010)	Current Rating (30.06.2010)
Singapore	a1	a1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Subject Company

WOOD DOCTOR HOLDING PTE. LTD.

Line Of Business

 
SUPPLY AND INSTALLATION OF TIMBER FLOORS 

Parent Company

CREST CAPITAL ENTERPRISES PTE. LTD.

PERCENTAGE OF SHAREHOLDING: 90.6%)

Financial Elements

Sales : -

Networth : -

Paid-Up Capital : S$100,207

Net result : -

Net Margin(%) : -

Return on Equity(%) : -

Leverage Ratio : -

COMPANY IDENTIFICATION

Subject Company :	WOOD DOCTOR HOLDING PTE. LTD.
Business Address:	117 KALLANG WAY 2
Town:	SINGAPORE
Postcode:	349228
Country:	Singapore
Telephone:	67472517
Fax:	67472550
ROC Number:	200919402R
Easy Number company:	00006661336979

SUMMARY

Legal Form:	Pte Ltd
Date Inc.:	16/10/2009
Summary year :
All amounts in this report are in :	SGD
Sales:
Capital:
Paid-Up Capital:	100,207
Net result :
Share value:

 
BASED ON ACRA'S RECORD 
 
  NO OF SHARES  CURRENCY  AMOUNT 
ISSUED ORDINARY  993,070  SGD  100,207.00  
PAID-UP ORDINARY  -  SGD  100,207.00
AUDITOR : NIL

REFERENCES

Litigation:	No
Company status :	TRADING
Started :	16/10/2009

PRINCIPAL(S)

TAN HONG LIAN

S7104665F

Director

DIRECTOR(S)

LOW LIY HUANG DOREEN	S0201371A	Company Secretary
Appointed on :	01/11/2009
Street :	37 CARDIFF GROVE SERANGOON GARDEN ESTATE
Town:	SINGAPORE
Postcode:	558903
Country:	Singapore

TAN YANG HWEE	S1163578D	Director
Appointed on :	25/03/2010
Street :	29 BORTHWICK DRIVE SERANGOON GARDEN ESTATE
Town:	SINGAPORE
Postcode:	559532
Country:	Singapore

TAN HONG LIAN	S7104665F	Director
Appointed on :	25/03/2010
Street :	15 EUNOS CRESCENT #12-2821
Town:	SINGAPORE
Postcode:	400015
Country:	Singapore

PARK JIN AH SHARON (PIAO ZHEN'E SHARON)	S7820325J	Director
Appointed on :	25/03/2010
Street :	122 SIMEI STREET 1 #11-438
Town:	SINGAPORE
Postcode:	520122
Country:	Singapore

ACTIVITY(IES)

Activity Code:	9240	FLOOR LAYING, REFINISHING And RESURFACING
Activity Code:	24140	WOODWORKERS

 
BASED ON ACRA'S RECORD 
1) JOINERY AND OTHER WOODWORKS (EG LAMINATED OR PARQUET FLOORING); 
 FLOOR LAYING, PARQUET 
 
2) RETAIL SALE OF HARDWARE, PAINT AND GLASS (EG WOOD, GLASS, SANITARY 
 WARE, DO-IT-YOURSELF MATERIALS);
 WOOD RETAILERS

CHARGES

	AVAILABLE
Date:	16/06/2010
Amount:	0
Comments :	CHARGE NO : C201005008 AMOUNT SECURED : ALL MONIES OWING CHARGEE(S) : MALAYAN BANKING BHD

BANKERS

MALAYAN BANKING BHD

SHAREHOLDERS(S)

TCP INVESTMENTS PTE. LTD.

70

Company

Street :	30 RAFFLES PLACE #23-00 CHEVRON HOUSE
Town:	SINGAPORE
Postcode:	048622
Country:	Singapore

CREST CAPITAL ENTERPRISES PTE. LTD.

900,000

Company

Street :	50 RAFFLES PLACE #34-03 SINGAPORE LAND TOWER
Town:	SINGAPORE
Postcode:	048623
Country:	Singapore

TAN HONG LIAN

46,500

Private Person

Street :	15 EUNOS CRESCENT #12-2821
Town:	SINGAPORE
Postcode:	400015
Country:	Singapore

PARK JIN AH SHARON (PIAO ZHEN'E SHARON)

46,500

Private Person

Street :	122 SIMEI STREET 1 #11-438
Town:	SINGAPORE
Postcode:	520122
Country:	Singapore

HOLDING COMPANY

CREST CAPITAL ENTERPRISES PTE. LTD.

201004936D

90.6%

PAYMENT HISTORY AND EXPERIENCES

Trade Morality:	UNKNOWN
Liquidity :	UNKNOWN
Payments :	UNKNOWN
Trend :	UNKNOWN
Financial Situation:	UNKNOWN

FINANCIAL COMMENTS

NEWLY-SET UP COMPANY 
 
SUBJECT BEING NEWLY INCORPORATED AND HAS YET TO FILE IN ITS FIRST SET 
OF ACCOUNTS. A NEWLY INCORPORATED COMPANY HAS UP TO 18 MONTHS FROM THE
DATE OF INCORPORATION TO FILE IN ITS FIRST SET OF ACCOUNTS.

BACKGROUND/OPERATION

THE COMPANY WAS INCORPORATED IN THE REPUBLIC OF SINGAPORE ON 
16/10/2009 AS A LIMITED PRIVATE COMPANY AND IS TRADING UNDER ITS 
PRESENT NAMESTYLE AS "WOOD DOCTOR HOLDING PTE. LTD.". 
 
AS AT 21/01/2011, THE COMPANY HAS AN ISSUED AND PAID-UP CAPITAL OF
993,070 SHARES, OF A VALUE OF S$100,207. 
 
PRINCIPAL ACTIVITIES:  
SUBJECT IS REGISTERED WITH THE ACCOUNTING AND CORPORATE REGULATORY 
AUTHORITY (ACRA) BE PRINCIPALLY ENGAGED IN THE BUSINESS OF:
1) JOINERY AND OTHER WOODWORKS (EG LAMINATED OR PARQUET FLOORING); 
 FLOOR LAYING, PARQUET  
2) RETAIL SALE OF HARDWARE, PAINT AND GLASS (EG WOOD, GLASS, SANITARY 
 WARE, DO-IT-YOURSELF MATERIALS); 
 WOOD RETAILERS
  
FROM THE RESEARCH DONE, THE FOLLOWING INFORMATION WAS GATHERED: 
 
SUBJECT ENGAGES IN THE FOLLOWING ACTIVITIES: 
* SUPPLY AND INSTALLATION OF TIMBER FLOORS
 
PRODUCTS DEALINGS: 
* PARQUET PLANK 
* STRIP PLANK 
* WIDE WIDTH SOLID PLANK
* ETC 
 
SERVICES:  
* AFTER-CARE SERVICE
 
SOME OF SUBJECT'S CLIENTS: 
* AMARA RESORT HOTEL DEVELOPMENT, SENTOSA 
* ARDMORE II AT ARDMORE PARK (SHOW UNIT) 
* ASCOTT RAFFLES PLACE 
* ASHLEY HISHAM BOUTIQUE @ FULLERTON HOTEL
* CHANGI TERMINAL 3 KRIS FLYER VIP LOUNGE 
* EVELYN CONDO  
* INTER-CONTINENTAL HOTEL LOUNGE 
* ION ORCHARD MALL 
* JIM THOMSON BOUTIQUE @ RAFFLES HOTEL
* LE REVE CONDOMINIUM  
* LUXURY LINERS - DREAM 21 / STAR CRUISE VIRGO 
* MAJESTIC HOTEL 
* MERCEDES BENZ SHOWROOM 
* NAUMI HOTEL
* ONE NORTH RESIDENCES 
* ORCHARD RESIDENCES (SHOW UNIT) 
* ORCHARD SCOTTS CONDO 
* PARADISE ISLAND  
* REFLECTION AT KEPPEL BAY (SHOW UNIT)
* RICHARD MILLE BOUTIQUE @ MANDARIN HOTEL 
* RITZ CARLTON RESIDENCES 
* SINGAPORE HISTORY MUSEUM  
* ST JAMES POWER STATION 
* ST. REGIS HOTEL (PRESIDENTIAL SUITE)
* VERA WANG BOUTIQUE @ SHANGRI-LA HOTEL 
  
NO OTHER TRADE INFORMATION WAS AVAILABLE AS TELE-INTERVIEW WAS NOT 
GRANTED BY SUBJECT'S PERSONNEL 
 
NO OTHER TRADE INFORMATION WAS AVAILABLE 
 
REGISTERED AND BUSINESS ADDRESS: 
117 KALLANG WAY 2 
SINGAPORE 349228
DATE OF CHANGE OF ADDRESS: 26/04/2010 
- OWNED BY: JACKSON INTERNATIONAL PRIVATE LIMITED 
 
WEBSITE: HTTP://WWW.WOODDOCTOR.COM.SG/ 
EMAIL : -

MANAGEMENT

THE DIRECTORS AT THE TIME OF THIS REPORT ARE:  
 
1) TAN YANG HWEE, A SINGAPOREAN 
 - HOLDS OTHER DIRECTORSHIPS AS RECORDED IN OUR DATABASE. 
 KEYSER TECHNOLOGIES PTE. LTD.
 EZIHOME PTE. LTD. 
 ALLALLOY DYNAWELD PTE. LTD. 
 APAC ALLIANCE TECHNOLOGY PTE. LTD. 
 RICHZ TECHNOLOGY (S) PTE. LTD.
  
2) TAN HONG LIAN, A SINGAPOREAN 
 - HOLDS NO OTHER DIRECTORSHIPS AS RECORDED IN OUR DATABASE. 
  
3) PARK JIN AH SHARON (PIAO ZHEN'E SHARON), A SINGAPOREAN
 - HOLDS NO OTHER DIRECTORSHIPS AS RECORDED IN OUR DATABASE.

ADVERSE ON DIRECTORS

DIRECTOR'S NAME: TAN YANG HWEE 
ADVERSE REPORT AGAINST DIRECTOR:  NOT AVAILABLE FROM OUR DATABASE 
PROPERTY OWNERSHIP:  NIL 
ANNUAL VALUE:  N.A. 
CO-OWNER (S):  N.A.
  
DIRECTOR'S NAME:  TAN HONG LIAN 
ADVERSE REPORT AGAINST DIRECTOR:  NOT AVAILABLE FROM OUR DATABASE 
PROPERTY OWNERSHIP:  NIL  
ANNUAL VALUE:  N.A.
CO-OWNER (S):  N.A. 
 
DIRECTOR'S NAME:  PARK JIN AH SHARON (PIAO ZHEN'E SHARON)  
ADVERSE REPORT AGAINST DIRECTOR:  NOT AVAILABLE FROM OUR DATABASE 
PROPERTY OWNERSHIP: NIL
ANNUAL VALUE:  N.A. 
CO-OWNER (S):  N.A.

* ANNUAL VALUE IS THE ESTIMATED ANNUAL RENT THE PROPERTY CAN FETCH IF IT WERE RENTED OUT. THE ANNUAL VALUE IS DETERMINED IN THE SAME MANNER REGARDLESS OF WHETHER THE PROPERTY IS LET-OUT, OWNER- OCCUPIED OR VACANT

Singapore’s Country Rating 2010

Investment Grade

THE SINGAPORE ECONOMY WAS SIGNIFICANTLY AFFECTED BY THE CRISIS DUE TO THE CONTRACTION OF EXPORTS, WHICH REPRESENT 210% OF GDP. SALES ABROAD OF MANUFACTURED PRODUCTS (ELECTRONICS, ENGINEERING, PHARMACEUTICALS, PETROCHEMICALS) AND SERVICES (FINANCIAL SERVICES, TOURISM, TRANSPORT) WERE AFFECTED BY THE WEAK PERFORMANCE OF THE MAIN TRADING PARTNERS (MALAYSIA, UNITED STATES, CHINA, JAPAN). WITH THE ECONOMY'S SLIDE INTO RECESSION, THE CENTRAL BANK REDUCED INTEREST RATES SEVERAL TIMES AND A STIMULUS PROGRAMME REPRESENTING 8% OF GDP WAS IMPLEMENTED IN JANUARY LAST YEAR. ALTHOUGH INCREASED PUBLIC SPENDING ON INFRASTRUCTURE, TRANSPORT, HEALTH AND EDUCATION ENABLED THE AUTHORITIES TO LIMIT THE CONTRACTION OF INVESTMENT, THAT DID NOT SUFFICE TO OFFSET THE DROP IN PRIVATE INVESTMENT. THE GOVERNMENT MOREOVER GRANTED DEFAULT GUARANTEES OF UP TO 80% ON NEW LOANS. AND HOUSEHOLD CONSUMPTION WAS SUPPORTED BY A REDUCTION OF INCOME TAX AND MEASURES TO FOSTER EMPLOYMENT. 

IN Q1 2010, GROWTH REBOUNDED SIGNIFICANTLY (15.5% Y/Y). FOR THE ENTIRE YEAR, GROWTH IS EXPECTED TO REMAIN HIGH (8.9%) THANKS TO THE POSITIVE IMPACT ON DOMESTIC DEMAND OF THESE EXPANSIONARY MONETARY AND FISCAL POLICIES AND THE GRADUAL RECOVERY OF THE WORLD ECONOMY. INVESTMENT, CONSUMPTION, AND NET EXPORTS ARE AGAIN EXPECTED TO CONTRIBUTE POSITIVELY TO GROWTH. ON THE SUPPLY SIDE, THE CONSTRUCTION SECTOR WILL BENEFIT AGAIN THIS YEAR FROM INCREASED PUBLIC SPENDING WHILE ELECTRONICS, PHARMACEUTICALS, PETROCHEMICALS, FINANCIAL SERVICES, AND TOURISM WILL GRADUALLY RECOVER. THE COFACE PAYMENT MONITORING ARE THUS EXPECTED TO REFLECT THIS FAVOURABLE TREND. SINGAPORE BOASTS THE BEST GOVERNANCE IN ASIA UNDERPINNED BY AN EFFECTIVE LEGAL SYSTEM THAT FACILITATES CLAIM COLLECTION AND A HIGH LEVEL OF FINANCIAL TRANSPARENCY.

STRONG FINANCIAL POSITION

DESPITE IMPLEMENTATION OF A BROAD STIMULUS PROGRAMME, THE COUNTRY CONTINUED TO RUN A SLIGHT FISCAL SURPLUS IN 2009, WHICH IS EXPECTED TO GROW IN 2010. PUBLIC SECTOR FINANCES HAVE THUS REMAINED SOLID.

DESPITE THE CONTRACTION OF THE CURRENT ACCOUNT SURPLUS, EXTERNAL ACCOUNTS ALSO REMAINED LARGELY IN SURPLUS LAST YEAR. IN 2010, THE CURRENT ACCOUNT SURPLUS WILL LIKELY REMAIN STABLE AS RESULT OF THE MORE RAPID RECOVERY OF IMPORTS COMPARED TO EXPORTS, ASSOCIATED WITH THE RISE OF RAW MATERIAL PRICES AND THE REBOUND OF DOMESTIC DEMAND. BESIDES, THE VOLATILITY OF PORTFOLIO INVESTMENT FLOWS THAT DEVELOPED AFTER THE LEHMAN BROTHERS BANKRUPTCY EASED IN 2009. IN 2010, THE HIGH LEVEL OF FOREIGN EXCHANGE RESERVES IS EXPECTED TO CONTINUE TO ENDOW THE COUNTRY WITH GOOD CAPACITY TO WITHSTAND SUDDEN CAPITAL.

MOREOVER, DESPITE THE INTERNATIONAL FINANCIAL TURMOIL AND THE EXPOSURE OF SOME BANKS TO SUBPRIMES AND LEHMAN BROTHERS, THE BANKING SYSTEM IS STILL SOLID THANKS TO SATISFACTORY RISK MANAGEMENT, EFFECTIVE OVERSIGHT, AND HIGH SOLVENCY AND LIQUIDITY RATIOS. 

ASSETS

* VERY HIGH QUALITY-COMPETITIVENESS

* DEVELOPMENT OF HIGH VALUE-ADDED SECTORS (CHEMICALS, PHARMACEUTICALS, FINANCE)

* STRONG FDI INFLOWS THANKS TO AN ADVANTAGEOUS TAX REGIME, POLITICAL STABILITY AND AN EXCELLENT BUSINESS ENVIRONMENT

* MAJOR EXPORTER OF CAPITAL IN ASIA VIA THE PUBLIC HOLDING COMPANY TEMASEK

WEAKNESSES

* ECONOMY DEPENDENT ON FOREIGN DEMAND

* SHORTAGES OF SKILLED LABOUR

* AGEING POPULATION

* LATENT SOCIAL TENSIONS IN A CONTEXT OF INCREASING INEQUALITY AND GROWING DURABLE UNEMPLOYMENT AMONG THE LEAST SKILLED

CONSTRUCTION SECTOR

PAST PERFORMANCE

THE CONSTRUCTION SECTOR ROSE 11.5% IN 2Q 2010, SLOWER THAN THE 13.7% IN 1Q 2010.

CERTIFIED PAYMENTS ROSE BY 10.6% IN 2Q 2010, GREATER THAN THE 8.2% RISE IN 1Q 2010.IT WAS MAINLY ATTRIBUTED TO A RISE IN PUBLIC SECTOR PROJECTS AND A SMALLER DECLINE IN PRVIATE SECTOR PROJECTS.

CONTRACTS AWARDED FELL BY 3.2%, FOLLOWING 23.2% RISE IN 1Q 2010. IT WAS MAINLY DUE TO A GREATER DECLINE IN PUBLIC SECTOR PROJECTS WHICH OFFSET THE RISE IN PRIVATE SECTOR PROJECTS.

NEWS

OFF-SITE WORK CAN BOOST BUILDING EFFICIENCY

SINGAPORE CAN LIFT PRODUCTIVITY IN THE BUILDING SECTOR BY MAKING GREATER USE OF PREDCAST AND PREFABRICATION CONSTRUCTION TECHNIQUES, ACCORDING TO THE INTERNATIONAL PANEL OF EXPERTS YESTERDAY.

THE PANEL, WHICH WAS PUT TOGETHER BY THE BUILDING AND CONSTRUCTION AUTHORITY (BCA), TOLD INDUSTRY PLAYERS THAT THE PROCESSES CAN REDUCE MANPOWER ON SITES AND SAVE TIME AND COSTS.

PRECAST CONCRETE IS MADE OFF-SITE BY CASTING CEMENT IN REUSABLE MOULDS THEN TRANSPORTING IT TO THE SITE TO BE ASSEMBLED. PREFABRICATION INVOLVES ASSEMBLING COMPONENTS OF A STRUCTURE OFF-SITE.

WHILE THERE IS A NEED TO ADOPT MORE PRECAST AND PREFABRICATION, THE PANEL MAINTAINED THAT CONTRACTORS SHOULD CONSIDER THE IDEA OF OPTIMAL SYSTEM CONSTRUCTION, GIVEN A PROJECT’S SITE CONSTRAINTS AND THE AVAILABILITY OF RESOURCES.

BCA SAID THIS OFFERS THE BEST COMBINATION OF DIFFERENT TYPES OF DESIGN AND CONSTRUCTION METHODS, SYSTEMS, TECHNOLOGIES SUCH AS PRECAST, PREFABRICATION AND SYSTEM FORMWORK, AND OTHER METHODS TO RAISE PRODUCTIVITY.

MR COLIN TAN, A SENIOR MANAGER OF TIONG SENG CONTRACTORS, SPOKE AT THE SEMINAR ABOUT THE HIGH CONSTRUCTION PRODUCTIVITY HE NOTED IN JAPAN.

MR TAN, WHO UNDERTOOK A STUDY TRIP LED BY SENIOR MINISTER OF STATE GRACE FU TO JAPAN IN JUNE, SAID THE JAPANESE RELY HEAVILY ON PRECAST, SOMETHING THAT COULD BE USED MORE HERE.

MR TAN ALSO OBSERVED THAT JAPANESE CONTRACTORS INVEST IN TECHNOLOGY AND MANPOWER TRAINING AND INVOLVE BUILDERS EARLY, AT THE DESIGN STAGE.

A PANEL MEMBER, MR CONRAD WONG, WHO IS VICE-CHAIRMAN OF YAU LEE GROUP AND MANAGING DIRECTOR OF YAU LEE CONSTRUCTION, SAID PRECAST TECHNOLOGY HAS HELPED TO REDUCE CONSTRUCTION COSTS AND TIME IN HONG KONG, AS WELL AS LOWERING NOISE AND POLLUTION LEVELS.

BETTER QUALITY CAN BE GIVEN TO THE END-USER AS ALL PRECAST ELEMENTS ARE MANUFACTURED IN A FACTORY WHILE BEING ENVIRONMENTALLY FRIENDLY AS NO TIMBER IS NEEDED DURING THE BUILDING PROCESS.

BUT THERE ARE CONCERNS SUCH AS HIGH INITIAL SET-UP COSTS AND THE NEED FOR STORAGE AREAS FOR PRECAST ELEMENTS.

THE PANEL ALSO ADDRESSED MANPOWER DEVELOPMENT AND RECOMMEND THE NEED TO RETAIN AND UPGRADE FOREIGN WORKERS WHO WILL CONTINUE TO FORM THE MAJORITY OF THE CONSTRUCTION WORKFORCE ON SITE, SAID THE BCA.

SINGAPORE SHOULD CONSDER THE NEED FOR A MORE FORMALISED APPRENTICESHIP PROGRAMME FOR LOCALS TO HELP BUILD UP THEIR COMPETENCE AND RETAIN THEM IN THE INDUSTRY, IT SAID.

THE PANEL ALSO NOTED THAT BUILDING INFORMATION MODELLING (BIM) IS A VITAL TOOL AS IT BRINGS TOGETHER ALL THE PROJECT PARTIES ALONG THE DESIGN AND CONSTRUCTION VALUE CHAIN.

BIM IS A DIGITAL VISUALISATION SOFTWARE THAT MANAGES DATA AND DISPLAYS HOW A BUILDING DEVELOPS DURING ITS CONSTRUCTION.

THE PANEL WANTS PUBLIC SECTOR PROJECTS TO TAKE THE LEAD AND USE BIM, WHICH WOULD ENCOURAGE GREATER INDUSTRY USE.

OUTLOOK

20,000 PMETs NEEDED IN BUILDING AND CONSTRUCTION INDUSTRY OVER NEXT 10 YEARS

ABOUT 20,000 PROFESSIONALS, MANAGERS, EXECUTIVES AND TECHNICIANS (PMETs) WILL BE NEEDED IN THE BUILDING AND CONSTRUCTION INDUSTRY OVER THE NEXT 10 YEARS TO DEVELOP GREEN BUILDINGS HERE.

MS GRACE FU, SENIOR MINISTER OF STATE FOR NATIONAL DEVELOPMENT SAID THIS AT THE 2010 BUILDING AND CONSTRUCTION AUTHORITY (BCA)- INDUSTRY BUILT ENVIRONMENT SCHOLARSHIP AWARDS ON FRIDAY.

SHE SAID THE MOVE TOWARDS GREEN BUILDINGS WAS ONE OF THE KEY TRENDS BEING OBSERVED IN THE INDUSTRY WITH COUNTRIES WORLDWIDE, INCLUDING SINGAPORE, EXPLORING WAYS TO REDUCE CARBON EMISSIONS AND TO BE MORE ENERGY EFFICIENT.

SHE SAID UNDER ITS GREEN BUILDING MASTERPLAN, THE BCA WAS WORKING TOWARDS TRANSFORMING THE BUILDING SECTOR TO BE MORE ENERGY EFFICIENT, WITH BUILDINGS ACCOUNTING FOR ALMOST ONE THIRD OF SINGAPORE’S NATIONAL ELECTRICITY CONSUMPTION.

SHE ADDED THAT TO SUPPORT AND IMPLEMENT THE MASTERPLAN, SINGAPORE WOULD NEED 18,000 TO 20,000 PMET TO BE TRAINED OVER THE NEXT DECADE.

SHE SAID: “THIS GREEN COLLAR WORKFORCE WILL MEET THE INDUSTRY’S NEEDS IN DEVELOPING GREEN BUILDINGS AT ALL STAGES OF THEIR LIFE CYCLE – FROM UPSTREAM DESIGN AND CONSTRUCTION, TO DOWNSTREAM OPERATION AND MAINTENANCE.”

ANOTHER TREND THAT SHE NOTED WAS THAT SINGAPORE’S BUILDING AND CONSTRUCTION WORKS HAD BECOME MORE CHALLENGING OVER TIME. GIVEN THE COUNTRY’S CONSTRAINTS, IT WILL NEED MORE COMPLEX ENGINEERING SOLUTIONS TO EXPAND SINGAPORE’S UNDERGROUND USE BOTH IN DEPTH AND IN SCALE.

CITING THE MARINA BAY SANDS INTEGRATED RESORT WITH ITS CANTILEVERED SKYPARK, AND THE HELIX BRIDGE AS EXAMPLES, SHE SAID SINGAPORE WOULD NEED TO BUILD ADVANCED ENGINEERING SKILLS, CAPABILITIES AND EXPERIENCE.

SHE SAID, LAST YEAR, THE BUILDING AND CONSTRUCTION INDUSTRY GREW BY 16.2%, AND AVERAGING 18.0% ANNUAL GROWTH OVER THE PAST THREE YEARS.

THE GROWTH IN CONSTRUCTION DEMAND WILL CONTINUE OVER THE NEXT FEW YEARS.

THIS YEAR, 34 SCHOLARSHIPS WERE AWARDED, UP FROM THE 19 LAST YEAR.

EXTRACTED FROM: MINISTRY OF TRADE AND INDUSTRY, SINGAPORE

THE STRAITS TIMES

CHANNEL NEWS ASIA

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.74
UK Pound	1	Rs.72.73
Euro	1	Rs.62.73

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.