NOTES TO THE FINANCIAL STATEMENTS
FOR THE FInAncIAL yEAR EnDED 30 JunE 2016
14
INVESTMENT IN SUBSIDIARIES (CONT’D)
(i)
The details of the subsidiaries are as follows:
Group’s equity
Name of subsidiary
interest held
(Country of incorporation)
Principal activities
2016 2015
%
%
Held by the Company
ISO-Team Corporation Pte. Ltd.*
Provision of Addition and
100
100
(Singapore)
Alteration services and
Repair and Redecoration services
Raymond Construction Pte. Ltd.* Provision of Addition and
100
100
(Singapore)
Alteration services and
Repair and Redecoration services
TMS Alliances Pte. Ltd.*
Provision of Repair and
100
100
(Singapore)
Redecoration services
ITG-Green Technologies Pte. Ltd.* Provision of eco-friendly solutions
100
100
(Singapore)
and products and products related to
Repair and Redecoration and
Addition and Alteration services
ISO-Seal Waterproofing Pte. Ltd.* Provision of reroofing and
100
100
(Singapore)
waterproofing services
Zara@ISOTeam Pte. Ltd.*
Provision of interior design
51
51
(Singapore)
and space planning services
Industrial Contracts Marketing
Provision of Coatings and
100
100
(2001) Pte Ltd.*
Paintings services and
(Singapore)
Repair and Redecoration services
ISOTeam C&P Pte. Ltd.*
Provision of Coatings and
100
100
(Singapore)
Paintings services and
Repair and Redecoration services
ISO-Landscape Pte. Ltd. *
Provision of landscape care and
100
100
(Singapore)
maintenance service activities
ISOTeam Access Pte. Ltd. *
Leasing of boom lift and related
(Singapore)
machineries
100
100
ISOTeam TMG Pte. Ltd.*
Provision of Addition and Alteration
services and commercial interior designs
100
–
Held by TMS Alliances Pte. Ltd.
ISOTeam TMS (Myanmar)
Provision of Repair and Redecoration
Limited
#
services
90
–
* Audited by Baker Tilly TFW LLP, Singapore
#
Not required to be audited under the law of the country of incorporation.
(ii)
Incorporation of subsidiary
During the financial year, the Company through its wholly-owned subsidiary, TMS Alliances Pte. Ltd.,
incorporated a subsidiary known as ISOTeam TMS (Myanmar) Limited with a registered capital of $67,334.
90
ISOTEAM LTD.
ANNUAL REPORT 2016
