Purpose of Campaign

Having successfully raised the first tranche of funding, this company has promptly fulfilled all repayment obligations with no outstanding. In its second tranche of fundraising on the MoolahSense platform, the company needs funds to purchase equipment and hardware to support his projects. 

 

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.

The Company was originally established in Mumbai, India 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 2, 2016
Amount:
S$100,000
Tenor:
12 months
Repayment Type:
Equal Instalment
Repayment Term:
Monthly
Target Interest Rate:
19.00% p.a.
Purpose:
Working Capital

Funding Summary

Percentage Funded:
100.0%
Total Amount of Eligible Offers:
S$100,000
Number of Unique Investors:
47
Range of Offers:
S$1,000 ~ S$10,000
Note Rate:
19.00% pa
Number of Allocated Investor(s):
47
Highest Rate From Eligible Offer(s):
19.00%
Lowest Rate From Eligible Offer(s):
19.00%
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