160 KEYFIELD INTERNATIONAL BERHAD 202001038989 (1395310-M) NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (cont’d) 19. BORROWINGS (CONT’D) (a) Term Loans (Cont’d) (iii) Term loan I was:- • repayable over 25 years by 300 monthly instalments of RM9,632 each commencing on July 2022; • secured by a unit of property and a joint and several guarantee by two of the directors of the Company; and • fully repaid during the financial year. (iv) Term loan II was:- • repayable over 10 years by 120 monthly instalments of RM452 each commencing on July 2022; • secured by a unit of property and a joint and several guarantee by two of the directors of the Company; and • fully repaid during the financial year. (v) Term loan III was:- • repayable over 4 years by 48 monthly instalments of RM152,895 commencing on November 2022; • secured by specific debenture over Keyfield Kindness vessel, corporate guarantee by the Company, a joint and several guarantee by two of the directors of the Company and guarantee from Syarikat Jaminan Pembiayaan Perniagaan Berhad (“SJPP”); and • fully repaid during the financial year. (vi) Term loan IV was:- • repayable over 4 years by 48 monthly instalments of RM93,803 commencing on November 2022; • secured by specific debenture over Keyfield Kindness vessel, corporate guarantee by the Company, a joint and several guarantee by two of the directors of the Company and guarantee from SJPP; and • fully repaid during the financial year. (vii) Term loan V is:- • repayable within 60 months upon disbursement; • secured by a facility agreement, an 80% guarantee coverage by SJPP under the Pemulih Government Guarantee Scheme (“PGGS”) of RM8,000,000, a joint and several guarantee by two of the directors of the Company and Memorandum of Deposit and Letter of Set Off to be executed for Cash Collateral/Commodity Murabahah as disclosed in Note 14(b) to the financial statements; and • fully repaid in previous financial year with no subsequent drawdown. The facility shall be reinstated up to its approved limit of RM3,000,000 upon repayment of principal portion.
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