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MERGENT INDUSTRIAL
Mergent New Listing Report
NEW LISTING

November 9, 2010

This Supplemental News Reports is published as required, is part of the annual MERGENT INDUSTRIAL and
INTERNATIONAL Manuals and will be included in the bound 2010 December Monthly News Reports and is
published on our Website.

ROTARY ENGINEERING LTD. (SINGAPORE)

Company Website:: www.rotaryeng.com.sg
History: Founded in Singapore in 1972 as Rotary
Electrical. Incorporated in Singapore on Jan. 22, 1980.
Present name subsequently adopted.
In 1993, Co. acquired interests in the following sub-
sidiaries: a 100% interest in PES Agency Pte. Ltd., for
total consideration of S$80,000; a 70% interest in
Supermec Pte. Ltd., for total consideration of S$84,000;
a 100% interest in Sino-Rotary (S) Pte. Ltd.; and a 70%
interest in P.T. Rotary MECOM.
In 1993, Co., in partnership with Fushun Overseas
Development Company, incorporated Sino-Rotary (S)
Pte. Ltd. Co. also incorporated Rotary Sanko Engineer-
ing Co. Pte. Ltd. (Singapore) after entering into a 50-50
joint venture agreement with Sanko Co., Ltd. (Japan). In
Indonesia, P.T. Rotary MECOM was incorporated with
the cooperation of two individuals, and in Thailand, S
Group Corporation Limited (Thailand) was Co.’s partner
in incorporating Thai Rotary Engineering Limited.
In 1994, Co. acquired interest in the following subsidi-
aries: a 60% interest in Citic Engineering Pte. Ltd., for
total consideration of S$60,000; and a 51% interest in
Innovative Biotech Pte. Ltd., for total consideration of
S$1,912,000.
In 1994, Co. incorporated the following subsidiaries:
Fushum Rotary Engineering Ltd.; Fushun Rotary Cable
Co. Ltd.; and Rotary Engineering (Australia) Pty. Ltd.
In 1994, Co. increased its investment in P.T. Rotary
MECOM and maintained its equity interest at a 70%.
In 1994, Co. increased its investment in Sixty-six
Switchgears Co. Pte. Ltd. through subscription of 52,000
new ordinary shares of S$1 each at par, therefore
increasing its equity interest from 50% to 51%.
In 1994, Co. increased its investment in Rotary Sanko
Engineering Co. Pte. Ltd. through subscription of 12,749
new ordinary shares of S$1 each at par, therefore
increasing its equity interest from 50% to 51%.
In 1995, Co. incorporated its subsidiary, Rotary TREL
Pte. Ltd.
In 1997, Co. established its Indonesian subsidiary,
P.T. Rotary Engineering Indonesia in Batam.
In 1997, Co. incorporated its subsidiary, Rotary
Brown & Root Pte. Ltd.
In 1998, Co. acquired International Expertise.
In 1998, Co. acquired a 49.0% interest in Rotary
TREL Pte. Ltd., for total consideration of S$906,000.
In 1998, Co. acquired a 46.2% interest in Thai Rotary
Engineering Ltd., for total consideration of S$2,406,000.
In 1999, Co., through a partly-owned subsidiary,
acquired a 48.6% interest in TRC Construction Co., Ltd.
In 2000, Co. established its subsidiary, Rotary Tech-
skill (India) Private Ltd. in Chennai, India.
In 2000, Co. acquired the remaining 49% equity in
Rotary Sanko Engineering Co. Pte. Ltd., for total consid-
eration of S$462,000.
In 2001, Co. established a wholly-owned subsidiary,
Rotary Pharma Pte. Ltd.
In 2001, Co. acquired an additional 49% interest in
Rotary Services Pte. Ltd ., for total consideration of
S$462,000.
In 2001, Co. disposed of its 51% interest in Amica
Industries Corporation Pte. Ltd., for total consideration
of S$660,000.
In 2001, Co., through its subsidiary, disposed a 57%
equity interest in Citic Engineering Pte. Ltd., for total
consideration of S$294,000.
In 2001, Co. incorporated EnRis Pte. Ltd. with 90%
shareholdings.
In 2002, Co. disposed its 100% equity interest in
Jasinusa Automobile Pte. Ltd., for total consideration of
S$2.
In 2003, Co., through its subsidiary, Rotary IMC Pte.
Ltd., acquired the remaining 49% shareholdings in IMC
Equipment Pte. Ltd. As a result, IMC Equipment Pte.
Ltd. became a wholly owned subsidiary of Rotary IMC
Pte. Ltd.
In 2003, Co. disposed of its interest in IMC Retrofit-
ting Services Pte. Ltd.
In 2003, Co. established its subsidiary, Rotary Engi-
neering (Shanghai) Co., Ltd. in China.
In 2004, Co. acquired the remaining 50% sharehold-
ing in an associated company, Honeywell Rotary Pte.
Ltd., for total cash consideration of S$297,000. As a
result, Honeywell Rotary became a wholly-owned sub-
sidiary of Co.
In 2004, Co. disposed of Biotech Medical Corporation
Sdn. Bhd. for a consideration of S$487,000.
In 2005, Co. acquired a 20% associated company,
Eastlog Holding Pte Ltd.
In 2005, Co. acquired 676,000 ordinary shares of a
partly-owned subsidiary, Innovative Biotech Pte. Ltd,
for a consideration of S$338,000. As a result of the
additional acquisition, Co. owned 97% of the sharehold-
ing in Innovative Biotech Pte Ltd.
In 2005, Co.’s subsidiary company, Rotary IMC Pte.
Ltd., acquired the remaining 49% shareholding in a
partly-owned subsidiary, Perlite Services Pte. Ltd. for a
cash consideration of S$1.
In 2005, Co.’s subsidiary, Thai Rotary Engineering
Ltd transferred 450,000 ordinary shares in its 51%
owned subsidiary, TRC Construction Public Co. Ltd. to
Rotary TREL Pte. Ltd., a wholly owned subsidiary of
Co., for a consideration of S$916,000.
In 2006, Co. disposed of its 41% interest in paper
Dimension (Singapore) Pte. Ltd. for gross consideration
of S$344,400.
In 2006, Co.’s subsidiary company, Rotary IMC Pte.
Ltd. acquired the balance of the 50%equity interest in
IMC Heavy Equipment Pte. Ltd. for a consideration of
S$521,843.83.
In 2007, Co. acquired the entire equity stakes in IMC
Equipment Pte. Ltd., RKB Engineering Co. Pte. Ltd. and
Rotary Process Solutions Pte. Ltd. (formerly known as
Perlite Services Pte. Ltd.) for consideration of
S$520,562.20, S$252,933.67 and S$1.00, respectively.
On Apr. 3, 2008, Co. acquired an additional 1% equity
interest in its 50%-owned associated company, Petrol
Steel Co. Ltd. (‘‘PSCL’’). PSCL became a subsidiary of
Co.
In 2009, Co. subscribed an additional 23,000 ordinary
shares in Petrol Steel Co. Ltd. for consideration of
SR23,000,000.
On Apr. 15, 2009, Co. acquired 1,000,000 ordinary
shares of Rotary Logistics Pte. Ltd., representing 100%
equity interest, from its subsidiary, IMC Equipment Pte.
Ltd. for consideration of S$1,051,000.
On Dec. 16, 2009, Co. incorporated a wholly-owned
subsidiary, Singlobal (M) Sdn Bhd.
On Dec. 28, 2009, Co.’s wholly-owned subsidiary,
Rotary IMC Pte Ltd (‘‘RIMC’’) acquired an additional
10% equity interest in Enris Pte Ltd (‘‘ENRIS’’) from its
minority interests at a cash consideration of S$40,000.
As a result of this acquisition, ENRIS became a
wholly-owned subsidiary of RIMC.
Business: Rotary Engineering is engaged in engineer-
ing design, procurement and construction services for
plants and associated facilities. Co.’s business segments
consist of the project services segment and the mainte-
nance and trading segment. The project services segment
provides engineering design, procurement and construc-
tion services for plants and associated facilities in oil and
gas, petrochemical and pharmaceutical industries. The
maintenance and trading segment provides maintenance,
engineering and other related services to the chemical
process industry, including warehousing, trading and
logistics services of equipment and products.
Property: Co. maintains its registered office and prin-
cipal place of business in Singapore.
As of Dec. 31, 2009, Co. had leasehold land consisting
of 48,500.20 sq. m. of land area in Singapore and
64,942.9 sq. m. of land area in Jubail, Saudi Arabia;
leasehold land and buildings consisting of 2,421.3 sq. m.
of land area in Fushun, the People’s Republic of China
and 120,000 sq. m. of land area in Batam, Indonesia. Co.
also had freehold land consisting of 70,000 sq. m. of land
area in Huay Pong, Thailand; and an industrial property
consisting of approx. 669 sq. m. of land area in Selangor,
Malaysia.
Subsidiaries
(Wholly owned unless otherwise indicated)
Rotary Electrical Company (Private) Limited
Rotary Mechanical and Construction Company (Private)
Limited
Supermec Private Limited (60%)
ShopGlobal Pte. Ltd.
P.T. Rotary MECOM (Indonesia) (70%)
Rotary Electrical & Instrumentation Pte. Ltd.
Sixty-six Switchgears Co. Pte. Ltd. (60%)
Innovative Biotech Pte. Ltd. (97.6%)
Fushun Rotary Engineering Co. Ltd. (China (Peoples
Rep. Of)) (90%)
Fushun Rotary Cable Co. Ltd. (China (Peoples Rep. Of))
(69.1%)
Rotary Engineering (Australia) Pty. Ltd. (Australia)
Rotary TREL Pte. Ltd.
P.T. Rotary Engineering Indonesia (Indonesia)
Rotary MEC Engineering (India) Private Limited (India)
Thai Rotary Engineering Public Company Limited
(Thailand) (91.9%)
Calvert Limited (Thailand) (90.6%)
Rotary IMC Pte. Ltd.
Rotary Engineering (Shanghai) Co., Ltd. (China (Peo-
ples Rep. Of))
Rotary International Trading (Shanghai) Co., Ltd.
(China (Peoples Rep. Of))
Rotary Automation Pte. Ltd.
Rotary Engineering (Dalian) Limited (China (Peoples
Rep. Of))
IMC Equipment Pte. Ltd.
BuildGlobal Pte. Ltd.
Rotary Process Solutions Pte. Ltd.
Petrol Steel Co. Ltd. (Saudi Arabia) (51%)
Petrol Steel Singapore Pte. Ltd. (51%)
Singlobal (M) Sdn Bhd (Malaysia)
Rotary Logistics Pte. Ltd.
REL-TREL Joint Venture (93.9%)
Thai Rotary Engineering Public Company Limited
(Thailand) (43.3%)
EnRis Pte. Ltd.
Rotary Thai Construction Pte. Ltd. (91.9%)

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Page 2 MERGENT INDUSTRIAL November 9, 2010

Associated Companies Profit bef tax . . . . 65,265 69,755 71,512 Trade pays - third
Inc tax exp . . . . . . (13,182) (15,477) (15,539) parties . . . . . . . . . 61,117 76,697
(Wholly owned unless otherwise indicated) Profit net of tax . . 52,083 54,278 55,973 Trade pays - assoc
Rotary MEC (M) Sdn. Bhd. (Malaysia) (49%) companies . . . . . . 6,394 2,272
Profit net of tax
Rotary Production Services Network Pte. Ltd. (50%) attrib to owners Accrued oper exps . . 28,386 40,564
Powell Industries Asia Pte. Ltd. (40%) of the parent . . . 54,238 50,851 52,831 Other pays - third
Jasinusa Automobile Pte. Ltd. (25%) Profit (loss) net of parties . . . . . . . . . 1,953 219
Tiong Woon China Consortium Pte. Ltd. (25%) tax attrib to Assoc companies
Eastlog Holding Pte. Ltd. (20%) minority (non-trade) . . . . . . 8 19
Jinzhou Everthriving Logistics Co., Ltd. (China (Peoples interests . . . . . . (2,155) 3,427 3,142
Rep. Of)) (45%) Trade & other pays . . 97,858 119,771
Common shares (000): Tot curr liabil . . . . . . 232,746 237,811
Harvest E & I Engineering Sdn Bhd (Malaysia) (40%)
Itro Pte. Ltd. (40%) Weigh avg ordinary Defer tax liabil . . . . . 1,842 1,476
shares outstg -
Delimax Pte. Ltd. (40%) basic . . . . . . . . 567,839 567,839 567,836 Tot non-curr liabil . . 1,978 1,953
OKP (Oil & Gas) Infrastructure Pte. Ltd. (45%) Net assets . . . . . . . . . 262,721 216,384
Weigh avg ordinary
Rotary Arabia Co. Ltd. (Saudi Arabia) (50%) shares outstg - Sh cap . . . . . . . . . . . 89,362 89,362
Rotary Arabia Singapore Pte. Ltd. (25%) diluted . . . . . . . 567,850 567,850 567,849
RSK Engineering Co. Pte. Ltd. (40%) Retain earn . . . . . . . . 157,821 116,643
Yr end ordinary Other reserves . . . . . (203) (1,522)
Rotary Techskill India Private Limited (India) (45%) shares outstg . . . 567,839 567,839 567,839
iPromar (Pte.) Ltd. (25%) Eq attrib to eq holders
Basic earn per sh S$0.10 S$0.09 S$0.09 of the parent . . . . . 246,980 204,483
Officers Diluted earn per sh S$0.10 S$0.09 S$0.09 Minor interests . . . . . 15,741 11,901
Chia Kim Piow, Chairman; Managing Director Total number of Tot eq . . . . . . . . . . . 262,721 216,384
Derek Koh, Chief Financial Officer employees . . . . 1 2 7,000 2 6,800 1 2 4,200
Ho Se Wai, Chief Information Officer Tot liabil & stkhlders
Number of eq . . . . . . . . . . . . 497,445 456,148
Kunio Nakamura, Chief Operating Officer common
1 Reclassified to conform with 2009 presentation.
Chia Kim Chua, Executive Director stockholders . . . 2 3 8,978 2 4 8,029 2 5 7,038

1 Approximately. 2 As is. 3 As of March 2, 2010.

Directors 4 As of March 9, 2009. 5 As of March 12, 2008.
Long-Term Debt: Dec. 31, 2009, S$520,000 (includ-
Chia Kim Piow, Chairman ing current portion of S$384,000) secured obligations
Keith Tay Ah Kee Quek Wee Hong under finance leases.
Consolidated Balance Sheet, as of Dec. 31 (in
Chia Kim Chua Lam Khin Khui thousands of Singapore $): Capital Stock: 1. Rotary Engineering Ltd. (Singa-
Wong Oi Moi Badri Krishnan pore) ordinary; no par.
2009 1 2008
Auditors: Ernst & Young Assets: (revised) OUTSTANDING Dec. 31, 2009, 567,839,000 shs;
no par.
Prop plt & equip . . . . 78,426 65,710
Shareholder Relations: Derek Koh, Chief Financial OWNERSHIP As of Mar. 2, 2010, REL Investments
Officer Tel.: 65 6311 9003 Intang assets . . . . . . . 2,490 2,098 Pte. Ltd. owned 165,450,632 shares and Funderburk
Invests in assoc cos 22,729 23,903 Asia-Pac Investments I Limited owned 121,350,888
Annual Meeting: In April Defer tax assets . . . . 332 220 shares, representing 29.14% and 21.37%, respectively,
Other invests . . . . . . 1,773 6,255 of Co.’s outstanding ordinary share capital.
No. of Stockholders: Mar. 2, 2010, 8,978 VOTING RIGHTS Entitled to one vote per share.
Inventories . . . . . . . . 6,737 5,653
No. of Employees: Mar. 2, 2010, 7,800 Ppd oper exps . . . . . . 814 309 DIVIDENDS PAID (in S$):
Tax recoverable . . . . 1,877 1,484 On par S$1 shares:
Address: No. 17 Tuas Avenue 20 , 638828, Singapore
Tel: 65 6311 9003 Fax: 65 6311 9298 Email: Trade receivs - third 1993 . . . . 0.315
Derek.koh@rotaryeng.com.sg Web: parties . . . . . . . . . 217,397 147,967 On par S$0.10 shares, after 10-for-1 stock split:
www.rotaryeng.com.sg Trade receivs - assoc 1993 . . . 0.0063 1994 . . . . . 0.03 1995-96 . . . N.A.
companies . . . . . . 14,659 7,089 1997 . . . 0.0800 1998-99 . . 0.008 2000 . . 1 0.012
Consolidated Income Account, years ended Dec. 31 Assoc companies
(in thousands of Singapore $): 2001 . . . 1 0.01 2002 . . . . 0.006 2003-04 . . 0.008
(non-trade) . . . . . . 857 4,673
2005 . . . . . 0.01
2009 2008 2007 Other receivs - third
(revised) (revised) parties . . . . . . . . . 26 705 No par value:
Rev . . . . . . . . . . . 551,896 520,119 510,172 Recoverables . . . . . . 1,268 1,313 2006 . . 1 0.031 2007 . . 1 0.154 2008 . . . . 0.023
Cost of sales . . . . . (421,979) (396,668) (385,541) Int receivs . . . . . . . . 9 9 2009 . . . . 0.038
Gross profit . . . . . 129,917 123,451 124,631 1 Includes special dividend: 2000, S$0.004; 2001,
Trade & other receivs 238,407 164,970
Other rev . . . . . . . 1,220 3,148 7,187 S$0.002; 2006-07, S$0.015
Admin costs . . . . . (42,206) (41,489) (42,219) Other invests . . . . . . ....... 6,848
OPTIONS Dec. 31, 2009, outstanding, 15,000.
Other oper costs . . (22,204) (12,963) (16,313) Cash & cash equivs 132,369 157,774
SHARE REGISTRY Boardroom Corporate & Advi-
Fin charges pay Tot curr assets . . . . . 391,695 357,962 sory Services Pte. Ltd., Singapore.
under fin lse . . . (40) (49) (55) Tot assets . . . . . . . . . 497,445 456,148
Int exp on loans & PRIMARY EXCHANGE Singapore (SIN).
Liabilities:
borrowings PAR CHANGE To S$0.10 in 1993. (From S$1.00.
(including banks Inc tax pay . . . . . . . . 15,008 13,849 By 10-for-1 stock split.)
overdrafts) . . . . (199) (2,164) (2,188) Loans & borrow . . . . 7,309 8,056 CAPITAL HISTORY Pursuant to the Companies
Fin costs . . . . . . . (239) (2,213) (2,243) Gross amount due to (Amendment) Act 2005, which came into effect on Jan.
Sh of results of customers for contr 30, 2006, the concept of par value and authorized share
assoc companies (1,223) (179) 469 work-in-progress 79,987 68,861 capital have been abolished.