Purpose of Campaign

To fulfil an uptick in orders, the Company is now seeking $100,000 in funds to purchase turbocharger spare parts to fulfil customer orders.

 

About the Issuer

This Company is a leading turbocharger specialist that provides cost-effective and efficient retrofitting, service and repair solutions for the diesel and gas engines of ships and power plants. It was originally started in Mumbai in 2003, followed by the Singapore office in 2006. Since then, the Company has grown into a global network of workshops in the field of service and repair of turbochargers, diesel engines, marine equipment and complete ship repairs. It has also made Singapore its global headquarters, with a network of 7 workshops in India (Vizag, Mumbai), UAE, Bangladesh, UK and Panama.

 

 

Issuer Summary

Date of Listing:
December 29, 2015
Amount:
S$100,000
Tenor:
12 months
Repayment Type:
Equal Instalment
Repayment Term:
Monthly
Target Interest Rate:
21.00% p.a.
Purpose:
To fulfill sales order

Funding Summary

Percentage Funded:
100.0%
Total Amount of Eligible Offers:
S$100,000
Number of Unique Investors:
54
Target Reached:
1 days
Range of Offers:
S$1,000 ~ S$10,000
Note Rate:
21.00% pa
Number of Allocated Investor(s):
54
Highest Rate From Eligible Offer(s):
21.00%
Lowest Rate From Eligible Offer(s):
21.00%
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