MKH Annual Report 2020

207 MKH BERHAD 32. LOANS AND BORROWINGS (CONT’D) Term loan XIII of RM2,905,307 (2019: RM4,150,451) is repayable by 60 monthly instalments of RM100,000 each, commencing on 1st month from date of disbursement and is secured and supported as follows: (a) legal charge over the leasehold building of a subsidiary; (b) assignment of all rights, title and interest in respect of rental proceeds from leasehold building; and (c) corporate guarantee of the Company. Secured revolving credit XI of RM38,160,000 (2019: RM45,000,000) is repayable on demand. All revolving credits are secured and supported as follows: (a) legal charge over the leasehold land and building of a subsidiary; (b) specific debenture by way of fixed and floating charge over the leasehold land and building of a subsidiary; (c) legal assignment of rental proceeds from the investment property of a subsidiary; and (d) corporate guarantee of the Company. Secured bank overdraft II of RM1,202,499 (2019: RM3,315,044) is repayable on demand and is secured and supported as follows: (a) legal charge over the leasehold land and building of a subsidiary; and (b) corporate guarantee of the Company. Unsecured term loan of RM6,243,183 (2019: RM16,725,320), Unsecured revolving credit of RM175,653,600 (2019: RM146,790,330), and Unsecured bank overdraft of RMNil (2019: RM3,978,915) of the Group are repayable on demand and are supported by corporate guarantee of the Company. Unsecured revolving credits of RM167,653,600 (2019: RM142,609,000), and Unsecured bank overdrafts of RMNil (2019: RM3,860,068) of the Company are repayable on demand. Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2020