114 / 168
Datasonic Group Berhad
(Company No. 809759-X)
112
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2016
(Continued)
22. TERM LOANS (CONT’D)
Details of the repayment terms are as follows:-
Number
Of
Monthly
Date Of
Effective
Group
Term Monthly Instalment Commencement
Interest
Amount Outstanding
Loan Instalments Amount
Of Repayment
Rate
2016
2015
RM’000
RM’000
RM’000
1
120
39
1 November 2011
5.70%
2,317
2,643
(2015 - 5.70%)
2 <------------------------- Note 1 ------------------------->
5.85% 39,617
76,628
(2015 - 5.85%)
3
144
53
1 January 2015
4.45%
5,452
5,839
(2015 - 4.45%)
4 <------------------------- Note 2 ------------------------->
5.60% 10,882
–
5 <------------ Not fully drawndown yet ------------>
4.45%
7,450
4,514
(2015 - 4.45%)
65,718
89,624
The term loans above are with floating rates ranging from 4.45% to 5.85%.
Notes:-
1 - Term loan 2 is a project financing loan with a tenure of up to 60 months from the first day of
the following month from the date of first disbursement and is repayable by 55% (2015 - 55%)
of each contract proceeds received from the project until full settlement.
2 - Term loan 4 is a capital expenditure loan with tenure of up to 60 months from the first day of the
following month from the date of first disbursement and is repayable by 13% of each contract
proceeds received from the project until full settlement.
Term loan 1 is secured by:-
(a) a legal charge over 1 unit of property of the Group; and
(b) a corporate guarantee of the Company.
Term loan 2 is secured by:-
(a) proceeds from the project as disclosed in the footnote (Note 1) above; and
(b) a corporate guarantee of the Company.
Term loan 3 is secured by:-
(a) a legal charge over certain properties of the Group; and
(b) a corporate guarantee of the Company.