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In the High Court of the Republic of Singapore
[1995] SGHC 28
S1016/1990
Between
Merteks Pte Ltd
… Plaintiff
And
Straits Engineers Contracting Pte Ltd
… Defendant
grounds of decision
This judgment is subject to final editorial corrections approved by the court and/or redaction pursuant to the publisher’s duty in compliance with the law, for publication in LawNet and/or the Singapore Law Reports.
Merteks Pte Ltd v Straits Engineers Contracting Pte Ltd
[1995] SGHC 28
S1016/1990
Chao Hick Tin J
02 February 1995
1 Judgment:
2 Coram: Chao Hick Tin J
3 JUDGMENT
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29 On 11 April 1990 Teo wrote to Straits as follows:-
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37 (2) The Title Deeds relating to the property;
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54 Main factual issues
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59 Clean Company
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73 Dated this 09th day of June 1990."
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75 Asset reduction
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80 Scope of clause 3
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88 Net asset value
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95 My Decision
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100 Settlement discussion
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102 "Option `C'
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118 Damages
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1990
1991
1992
Yearly average
for next 7 years
$
$
$
$
Revenue
3,300,000
10,000,000
9,000,000
11,500,000
Direct expenses
2,310,000
7,000,000
6,570,000
8,280,000
Gross Profit
990,000
3,000,000
2,430,000
3,220,000
Fixed cost
636,000
1,320,000
1,328,000
1,488,000
Interest Costs
166,560
241,281
162,440
150,184
Profit before tax
187,440
1,438,719
939,560
1,581,816
Provision for taxation
58,106
446,000
281,868
470,000
profit after tax
129,334
992,719
657,692
1,111,816
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Revenue
1991 (yearly example)
$
Ship repairs - average 4 vessels per month x $125,000
500,000

165,000
Others
10,000
Sub-rental
825,000
15,000
840,000
per year
10,080,000
rounded to
10,000,000
Estimated yearly growth of 5% in the revenue.
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Chao Hick Tin J
Anwarul Haque (with Sharmini) (Harridas & Ho) for the plaintiffs
Lisa Chong (Lisa Chong & Partners) for the defendants
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This judgment text has undergone conversion so that it is mobile and web-friendly. This may have created formatting or alignment issues. Please refer to the PDF copy for a print-friendly version.

Version No 1: 11 Sep 2026 (01:05 hrs)