MKH Annual Report 2019

207 M K H B e r h a d 29. LOANS AND BORROWINGS (CONT’D) Secured revolving credit XVI of RMNil (30.9.2018: RMNil; 1.10.2017: RM1,875,000) is repayable by 8 quarterly principal instalments of RM1,875,000 each commencing on the 39th month from the date of first drawdown. Secured bank overdraft III of RMNil (30.9.2018: RMNil; 1.10.2017: RM1,987,551) is repayable on demand. The revolving credit and bank overdraft are secured and supported as follows: (a) legal charge over leasehold land and building of a subsidiary; and (b) corporate guarantee of the Company. Term loan XXI of RMNil (30.9.2018: RMNil; 1.10.2017: RM14,324,646) is repayable by 48 monthly principal instalments commencing from the 4th year following to the date of the first drawdown or payment by way of redemption, whichever is earlier and is secured and supported as follows: (a) specific debentures by way of fixed and floating charge for all present and future assets of the project of a subsidiary; (b) deed of assignment over the rights under the joint development agreement; (c) legal assignment and charge over all sales proceeds; and (d) corporate guarantee of the Company. Unsecured term loan of RM16,725,320 (30.9.2018: RMNil; 1.10.2017: RM3,000,000), Unsecured revolving credit of RM4,181,330 (30.9.2018: RM8,300,524; 1.10.2017: RMNil) and Unsecured bank overdraft of RMNil (30.9.2018: RM118,847; 1.10.2017: RM508,170) of the Group are repayable on demand and are supported by corporate guarantee of the Company. Unsecured revolving credits of RM142,609,000 (30.9.2018: RM92,100,000; 1.10.2017: RM60,500,000), and Unsecured bank overdrafts of RM3,860,068 (30.9.2018: RM1,601,813; 1.10.2017: RMNil) of the Company are repayable on demand. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2019