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v3.25.1

Loans and Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2024
Loans and Borrowings [Abstract] |
Schedule of Long-Term and Short-Term Loans and Borrowings | Long-term and short-term loans and borrowings are as follows:
|  | As of December 31, |
|  | 2023 |  |  | 2024 |  |  | 2024 |
|  | S$ |  |  | S$ |  |  | $ |
Total loans and borrowings |  |  | 1,266,265 |  |  |  | 835,800 |  |  |  | 611,770 |
Less: loans and borrowings – current |  |  | 429,603 |  |  |  | 256,729 |  |  |  | 187,915 |
Loans and borrowings – non-current |  |  | 836,662 |  |  |  | 579,071 |  |  |  | 423,855 |
Schedule of Bank Borrowings | Bank borrowings comprised of the following:
|  |  |  |  |  |  |  |  |  |  | As of December 31, |
Loans and |  | Principal |  |  | Maturity |  | Interest |  | Repayment |  |  |  |  |  |  |  |  |
borrowings |  | amount |  |  | Date |  | Rate |  | Method |  | 2023 |  |  | 2024 |  |  | 2024 |
|  | S$ |  |  |  |  |  |  |  |  | S$ |  |  | S$ |  |  | $ |
DBS SME Working Capital Loan |  |  | 50,000 |  |  | August 5, 2024 |  | Fixed at 7.00% |  | Monthly Repayment |  |  | 7,663 |  |  |  | - |  |  |  | - |
Standard Chartered Bank Enterprise Financing Temporary Bridging Loan I |  |  | 452,000 |  |  | March 31, 2024 |  | 6.25% below prevailing Business Instalment Loan Board Rate, subject to a cap of 5% |  | Monthly Repayment |  |  | 39,149 |  |  |  | - |  |  |  | - |
Standard Chartered Bank Enterprise Financing Temporary Bridging Loan II |  |  | 275,000 |  |  | July 31, 2025 |  | 4.12% below prevailing Business Instalment Loan Board Rate, subject to a cap of 5% |  | Monthly Repayment |  |  | 150,339 |  |  |  | 56,322 |  |  |  | 41,225 |
ETHOZ Capital Ltd Temporary Bridging Loan |  |  | 300,000 |  |  | November 29, 2024 |  | Fixed at 5.00% |  | Monthly Repayment |  |  | 105,010 |  |  |  | - |  |  |  |  |
ANEXT Bank Loan |  |  | 300,000 |  |  | January 26, 2028 |  | Fixed at 8.80% |  | Monthly Repayment |  |  | 254,370 |  |  |  | 200,223 |  |  |  | 146,555 |
Standard Chartered Bank Business Installment Loan |  |  | 300,000 |  |  | August 31, 2028 |  | 0.72% below prevailing Business Instalment Loan Board Rate |  | Monthly Repayment |  |  | 282,664 |  |  |  | 230,670 |  |  |  | 168,841 |
OCBC Business Term Loan |  |  | 300,000 |  |  | August 31, 2028 |  | 4.25% below prevailing Business Term Rate |  | Monthly Repayment |  |  | 285,360 |  |  |  | 233,111 |  |  |  | 170,627 |
DBS SME Working Capital Loan II |  |  | 150,000 |  |  | August 9, 2028 |  | Fixed at 7.75% |  | Monthly Repayment |  |  | 141,710 |  |  |  | 115,474 |  |  |  | 84,522 |
Total loans and borrowings |  |  |  |  |  |  |  |  |  |  |  |  | 1,266,265 |  |  |  | 835,800 |  |  |  | 611,770 |
Schedule of Company’s Outstanding Loans and Borrowings | The maturity dates for the Company’s outstanding loans and borrowings as of December 31, 2024 are as follows:
|  | S$ |  |  | $ |
2025 |  |  | 313,950 |  |  |  | 229,798 |
2026 |  |  | 256,713 |  |  |  | 187,903 |
2027 |  |  | 256,712 |  |  |  | 187,902 |
2028 |  |  | 129,200 |  |  |  | 94,569 |
Thereafter |  |  | — |  |  |  | — |
Total loans and borrowings |  |  | 956,575 |  |  |  | 700,172 |
Less: Imputed interest |  |  | (120,775 | ) |  |  | (88,402 | )
Present value of loans and borrowings |  |  | 835,800 |  |  |  | 611,770 |

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