v3.25.1
BANK BORROWINGS
 6 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
BANK BORROWINGS

NOTE－11 BANK BORROWINGS

 

Bank borrowings consisted of the following:

 

 

   Term of  Annual   As of
June 30,		     As of
December 31,		 
   repayments  interest rate   2024   2024 
          S$   S$ 
Term loans  Within 5 years   2.5-3.25%   943,784    634,773 
Trust receipts  Within 150 days   6.2%   135,815    - 
Long term debt           1,079,599    634,773 
                   
Representing: -                  
Within 12 months           756,182    573,161 
Over 1 year           323,417    61,612 
Long term debt           1,079,599    634,773 

 

As of June 30, 2024 and Dec 31, 2024, bank borrowing was obtained from a financial institution in Singapore, which bear annual interest at a fixed rate at 2.5-3.25% and variable at 6.2%. The borrowings are repayable in 150 days- 5 years.

 

Our Company’s bank borrowing is guaranteed under a personal guarantee from our Company’s Directors.