Listing Id: 272
Total Views: 20091
(Sold) 24 Years Ship Repair and Marine Engineering Services Company
Singapore
Date Closed: 06/10/2019
Asking Price: S$4,500,000
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
- Supporting Document
Overview
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Premise Type
N/A
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Premise Size
-
Monthly Rental
S$5,600
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Rental Desposit
N/A
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Revenue
S$170,000
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Liability
N/A
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Gross Profit
S$100,000
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Net Profit
N/A
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Stock
S$1,870,000***
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Full Time
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Staff
24
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Established
1989
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Source
Direct Seller
Reason For Sale
Owners retiring
Description
The company established since year 1989, with 24 years of experience in this line of business, to serve marine and industrial companies in the repairs and servicing of high and medium speed diesel engines, auxiliary machineries and miscellaneous mechanical equipment.
The clientele ranges from government bodies to private regional shipping companies.
Company is achieve with following certifications
ISO 9001:2008
BizSafe Level 3
Licensed by Port of Singapore Authority to carry out repairs including working at wharfs and terminals as mechanical contractors.
Registered with the BCA under the registration head ME11 - Grade 2
Circle of Excellence Award for Offshore and Marine Industry 2012/2013
The Company has a new factory with 60 year lease beginning from Oct 2000. It is equipped with a 10 tonne overhead travelling crane. Facilities include equipment for testing of diesel engines after rebuilding. Other equipment includes lathe, drilling, portable diesel welding equipment. Transport vehicles include 3 Lorries, a 3 tonnes forklift and one van.
Business Operation
8am-5pm(Mon-Sat)
Business Hour
12 months
Support and Training
Marine/ mechanical engineering
Background & Skills
Singapore