Our preliminary analysis has revealed key insights about I.F.F.I PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
Has been operational for a few years
Has accessible contact information online
Official business profile found on major search engines
46530
Wholesale of agricultural machinery, equipment and supplies
Growing of other crops
Recently transacted with I.F.F.I PTE. LTD.?
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This is only a preview of the TrustScore results for I.F.F.I PTE. LTD., showcasing a few facets of its business that we have analysed.
Foundational Stage
A young brand or company in the early stage of organisation structures, framework, processes, workflow, systems.
Key Characteristics
Why It Matters
The company's address is shared by several other companies. While this is common for business centers and co-working spaces, it may affect the perceived exclusivity of the business location. I.F.F.I PTE. LTD. has been operational for a few years, showing some level of stability. While it shows some level of stability, it may still be in the process of establishing its reputation and credibility.
I.F.F.I PTE. LTD. has no presence on career platforms and provides no public information about its work environment or employee satisfaction. This lack of transparency may indicate less focus on employee well-being or difficulty in attracting talent, potentially impacting I.F.F.I PTE. LTD.'s long-term success.
The company is not blacklisted by CaseTrust, which is a positive indicator of its credibility. The company is not on the MAS Enforcement List, which is a positive indicator of its compliance with financial regulations.
I.F.F.I PTE. LTD. has accessible contact information online, which is a positive indicator of its credibility and transparency. The company maintains an official business profile on major search engines, enhancing its visibility and credibility.
Get access to all metrics and detailed risk assessments for I.F.F.I PTE. LTD.
Another casualty has emerged in Singapore’s high-tech farming sector, The Straits Times has learnt, in yet another sign of the teething challenges plaguing the nascent industry. Local indoor farm I.F.F.I, said to have the ability to produce some 300 tonnes of leafy greens a year, has shuttered its mega 38,000 sq m facility in Tuas. I.F.F.I’s holding company, precision engineering firm TranZPlus Engineering, has entered into liquidation, with court documents showing that it filed for insolvency in November 2023. The company produced a range of crops from arugula and kale to green lettuce and red bok choy, selling its vegetables under the brand name, Next Farmers. The produce was previously available at FairPrice supermarkets.
26 May 2024
“You can control everything, even how much nutrients or water is being used for each plant,” said Mr Nelson Lim, co-founder of I.F.F.I, which stands for Indoor Farm Factory Innovation. “We want to bring indoor farming into something more precise, where you calculate the least input for the best output. That is precision farming,” he told CNA. Mr Lim is also the chief executive of precision engineering firm TranZplus Engineering, which is the parent company of I.F.F.I. TranZplus’ two-storey office in Tuas now houses both a manufacturing facility for semiconductor components and a farming showroom. “A lot of people ask me: ‘Nelson, are you crazy? You’re in engineering, why suddenly do farming?’ Actually, the two are not unrelated. We can put our engineering skills to good use in indoor farming,” Mr Lim said, while demonstrating the farming racks that can be adjusted according to height and size.
10 August 2021
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Companies with similar business names in Singapore
Businesses located in 16B TUAS AVENUE 1, Singapore 639534
Singapore companies in Wholesale of agricultural machinery, equipment and supplies business sector (SSIC 46530)
Singapore companies in Growing of other crops business sector (SSIC 01190)
I.F.F.I PTE. LTD. has been in operation for 6 years since its incorporation in 5 November 2019 based on ACRA registration date. The business is registered with ACRA (Accounting and Corporate Regulatory Authority) under UEN 201937300H.