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Company report
Review the methodology status, formula details, and supporting context for 5OR.SI.
Methodology
AAOIFI
DJIM
S&P Shariah
Company
Heatec Jietong Holdings Ltd. provides piping and heat exchanger services for the marine and oil and gas industries in Singapore, the People's Republic of China, and the Philippines. The company operates through Piping, Heat Exchanger, and Chemical Cleaning segments. It provides land-based heat exchanger services to the process and chemical plants conducting routine shut-down maintenance; plate heat exchangers and shell and tube heat exchangers; and tank cleaning services. The company also offers fabrication and installation services for piping; pipes and systems restoration and installation services, such as marine piping; process piping services for floating, production, storage, and offloading conversions for offshore structures comprising FPSOs, oil rigs, restoration of ship piping systems, routine docking maintenance of ships, and other types of ship conversions and ship lengthening. In addition, it is involved in turnkey project management, including procurement, construction, fabrication, commissioning, and project management; provision of ultrasonic cleaning of charged air cooler and filters; chemical cleaning for heat exchangers, pipelines engine parts, and pressure vessel; stainless steel passivation; hot oil flushing up to NAS/ISO standard for pipeline; chemical sales; rental of portable steam boiler/borescope/particle counter; and hydro-jetting machines activities. In addition, it designs, sells, and fabricates heat exchangers, as well as provides engineering consultancy; on-site inspection; technical and management consultancy; repairing of ships, tankers, and other ocean-going vessels; sales and repair of air cooler evaporator, heat exchanger, and related auxiliaries; and trading, selling, servicing, manufacturing, distributing, marketing, maintenance, and import and export services. Heatec Jietong Holdings Ltd. was founded in 1990 and is based in Singapore.
Debt ratio
Formula
Total Interest-Bearing Debt / Market Capitalization (or Avg for AAOIFI/DJIM)
Thresholds
Cash ratio
Formula
(Cash + Interest-Bearing Securities) / Market Capitalization
Thresholds
Analysis
Haram revenue
Formula
Impermissible Revenue / Total Revenue
Thresholds
Methodology