BANK BORROWINGS

12 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

BANK BORROWINGS

NOTE－11 BANK BORROWINGS

Bank borrowings consisted of the following:

	Term of	Annual			As of June 30,
	repayments	interest rate			2023		2024
					S$		S$
Term loans	Within 5 years		2.5-3.25	%		1,550,230		943,784
Trust receipts	Within 150 days		6.2	%		200,751		135,815
						1,750,981		1,079,599
Representing: -
Within 12 months						814,093		756,182
Over 1 year						936,888		323,417
						1,750,981		1,079,599

As of June 30, 2023 and 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 rate at 6.2%. Bank borrowings are repayable in 150 days- 5 years.

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