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Eligibility

1. Registered Business Entity MUST be in operation for a minimum of ONE year to be able to qualify for this Award.

 

2. Representative of the business must possess a minimum of AT LEAST 30% shares of the local entity to be considered ‘qualified’ for the Awards Application Process

 

3. The local entity must adhere to ALL Singapore Authority’s mandated Law and policies to qualify for this award.

 

4. Both the representative of the local entity, AND the local entity must not have any unlawful tidings that resulted in the barring of the individual/company under any legal boards, OR any local Singapore organisations.

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Judging Benchmarks

80% Quantitative Criteria

  • Net operating Profit Before Tax

  • Annual Turnover

  • Growth in Operating Profit

  • Growth in Turnover

  • Return on Assets

  • Export Revenue/Turnover

  • Investments in Capital/Training and Research & Development

20% Qualitative Criteria

  • Management Outlook

  • Major Innovations

  • Market Presence and Share

  • Information Technology Usage

  • Corporate Social Responsibility Activities

  • Export Activities

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Process Flow

Pre-qualification
Self-determination or organiser invitation

Nomination
Submission of nomination form and supporting documentations

Financial verification
Verification of information provided by nominee

Site-audit
Compulsory face-to-face site audit at company's premises

Qualitative judging
Nominations are vetted and nominees may be required to
answer additional questions

Final scoring and ranking
Winners will be ranked using the proprietary SME100 methodology

Announcement of results
Winners will be informed and required to sign the acceptance of awards
and rules and regulations

SOI Awards Ceremony
To be held at a 5-star international hotel and convention venue

Post-award publicity

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