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Diamond Glass Enterprise Pte Ltd
Diamond Glass Enterprise is a turnkey Singapore based Design and Build company that serves the Facade Industry. Currently head quartered in Singapore, it is expanding to neighboring ASEAN countries in the next few years.
$X,000,000
Y% undefined $X,000,000
Z
6 years ago
Overview

*ONLY OPEN TO FUNDEDHERE'S ACCREDITED INVESTORS

1. Executive Summary

Diamond Glass Enterprise Pte Ltd (the “Company” or “Diamond Glass Enterprise”) is seeking to raise $2,000,000 SGD through an offer of Loan notes issued by the Company, the key terms of which are set out further below (“Notes”) made exclusively to the FundedHere investment community. The offer is available through the FundedHere online platform in denominations of $50,000 SGD. The loanNotes pays an interest of 11.5% per annum and are secured by: (i) a charge over a bank account of the Company; (ii) an assignment of the Company’s blue chip contracts with a 1.5x cover on the principal amount, 100% shares pledge; and (iii) a personal guarantee from the Company’s majority shareholder. Interest payments and principal payments in respect of the loanNotes will be paid directly to the Investor’s nominated bank accounts.   .  

2. Company's Background

Diamond Glass Enterprise is a turnkey Singapore based Design and Build company that serves the façade Industry. Currently headquartered in Singapore, it is expanding its empire to neighboring ASEAN countries in the next few years.

The company was incepted and incorporated in the year 2006. It started out as a contractor for glazing and rope access works and within 12 years built its design and build division, manufacturing glass, aluminum and steel manufacturing plant at 43 Loyang Way.

The company secured its first major maintenance contract with ‘The Esplanade Co Ltd’ amounting to $800K in 2007. In the year 2010, it secured more than 30 maintenance contracts as a term contractor. In 2013 Diamond Glass Enterprise invested in two properties and set up its head office in Eunos and its factory in Loyang Way.

In 2014, the company started setting up it’s very own Design & Build division. In the very same year it was awarded with its 1st contract - the “Echelon Condominium” under Daewoo Engineering and Construction. In 2015, the company set up its Aluminum and Glazing Installation Division and was instantly awarded the biggest rope access painting and gel coating contracts for the ArtScience Museum at the Marina Bay Sands, worth a total of $1.620M.

The company continued to build its pipeline in 2016. In 2018, the Marina Bay Sands further extended its term contract for 10 years with Diamond Glass further showcasing the strength of the company as an excellent service provider.

The company has been accredited with the bizSAFE STAR certification and has bagged 4 prestigious awards. The company was also featured on Channel News Asia’s “A Class Above.” Backed by a strong safety track record in the business (bizSAFE STAR), the company has managed to establish itself as an ISO and OHSAS certified leading facade company in Singapore.

 

3. Key Terms of Notes

Principle Amount:                                    $2,000,000.00

Currency:                                                  Singapore dollar

Denomination/ Minimum Investment:  $50,000

Term:                                                         12 months

Interest Rate :                                          11.5%

Interest Payment :                                   Frequency: Quarterly

Repayment:                                             50% of Principle Amount repayable after the first 6 months.

                                                                  50% of Remaining Amount repayable at the end of the term.

 

4. Use of Funds Raised

The funds raised will be used as working capital to fund current and upcoming projects. The company has secured long term projects worth $9.9 million and is currently completing a Design and Build project valued at $2.1 million. The company has also started a retail division for windows and doors in its Loyang factory for the interior design and renovation markets. The company will also be further securing a new 5-year long-term contract for 106 stations and 6 bus terminals from SMRT in June 2018.

The following securities are provided as security for the Notes:

  1. an assignment of the proceeds from blue chip client contracts with a 1.5x cover on    the principal amount;
  2. a charge on the bank account receiving these assigned proceeds, managed by an independent third-party trustee; and
  3. a personal guarantee from the Company’s CEO and majority shareholder (99.8%).

 

5. Deal Structure Overview

 

6. Contact Us For More Information

Email: [email protected]

Telephone: 6443 3063

 

$Y,000,000
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