Business summary
SHIS Limited has over 10 years of experience in providing maintenance services for Singaporean contractors and various building systems, while the Group mainly (i) provides integrated building services in Singapore, focusing on the maintenance and installation of mechanical and electrical (mechatronic) systems, including minor maintenance and repair works; and (ii) provides building and construction engineering services in Singapore; in addition, the Group's customers include (i) Singapore government agencies, such as government departments that manage education institutions, national parks, social welfare, etc.; and (ii) Singapore Private Organisations , such as engaging in supermarket management, property development, or construction and engineering organizations.
Competitive advantage
Has a solid track record of providing integrated building services to Singapore government agencies
Experienced and dedicated management under the leadership of an executive director
Supported by a management team and an experienced team of managers
Continuously provide reliable and timely services to customers
Risk Factors
Most of the revenue comes from cooperation granted by the Singapore Government Agency
Approximately, the Singapore Government's expenditure on integrated building services
Any significant reduction in levels could be significant for the Group
adverse effects
Failure to renew or revoke or register the Group's existing permits and registrations may have a significant impact on the organization of operations and financial performance
Any significant cost overrun may have a significant adverse impact on the Group's business operations and financial performance
Use of proceeds
Approximately 57.8% was used to expand the scale of operations and undertake more integrated building service projects in Singapore
Approximately 32.3% was used to expand internal capacity and reduce water supply and sanitation works, electrical engineering and air conditioning works
Use fewer subcontractors
Approximately 9.9% is used as general working capital