IFS Capital Limited (“IFS”), as a regional Group provides commercial finance services like factoring, hire-purchase/leasing, loans, government-assisted schemes and trade/export finance, to small and medium sized enterprises (“SMEs”). The Group also provides bonds and guarantees, credit insurance and general insurance through its wholly-owned subsidiary, ECICS Limited.
IFS was incorporated in Singapore in 1987 and has been listed on the Mainboard of the Singapore Exchange since July 1993.
Our Value Propositions
- Our core strength is in factoring and our debt collection systems are well-established with many clients and customers accumulated over years of operations.
- Our range of services for SMEs is wide and covers trade finance like LC/TR as well as various loan types like hire-purchase, working capital financing, project financing and term loans for purchase of machinery, equipment, vessels, factories etc.
- We have the capacity to provide cross border facilities through our subsidiaries in Thailand, Malaysia and Indonesia. By providing these facilities in the domestic currencies, clients avoid the need to hedge against a controlled currency which is difficult in these countries due to exchange controls.
- Our Group also includes our wholly-owned subsidiary ECICS Limited with businesses in bonds and guarantees, credit insurance and general insurance. As a result, we are able to cater for a wider range of services for the SME market than the average SME financier.
MR. LIM HUA MIN
Mr Lim Hua Min was appointed Chairman of IFS Capital Limited on 20 May 2003.Mr Lim is also Chairman of ECICS Limited, wholly-owned subsidiary of IFS Capital Limited.
Mr Lim is the Executive Chairman of the PhillipCapital Group of Companies. He began his career holding senior positions in the Stock Exchange of Singapore (“SES”) and the Securities Research Institute. He has served on a number of committees and sub-committees of SES. In 1997, he was appointed Chairman of SES Review Committee, which was responsible for devising a conceptual framework to make Singapore’s capital markets more globalised, competitive and robust. For this service, he was awarded the Public Service Medal in 1999 by the Singapore Government. In 2012, he was also awarded “IBF Distinguished Fellow”, the highest certification mark bestowed by The Institute of Banking and Finance on industry captains who are the epitome of professional stature, integrity and achievement. Mr Lim had also served as a Board Member in the Inland Revenue Authority of Singapore from September 2004 to August 2010.