Included in amount due from subsidiaries are unsecured amounts of: MKH Berhad 193 Notes to the Financial Statements For the Financial Year Ended 30 September 2022 LOANS AND BORROWINGS (CONT’D) 33. The hire-purchase liabilities bear effective interest at rates ranging from 2.01% to 4.59% (2021: 1.71% to 6.00%) per annum. The term loans and revolving credits bear effective interest at rates ranging from 3.70% to 5.25% (2021: 1.95% to 4.98%) per annum. The bank overdrafts bear effective interest at rates ranging 6.82% to 7.70% (2021: 5.82% to 6.70%) per annum. Secured revolving credit I of RM49,444,000 (2021: RM49,444,000) is part of the total revolving credits of RM50,000,000 which is repayable by way of redemption upon the full settlement of secured revolving credit II. Secured revolving credit II of RM11,000,000 (2021: RM33,000,000) is part of the total revolving credits of RM110,000,000 which is repayable by 10 equal half yearly principal instalments of RM11,000,000 each over 8 years commencing on the first day of the 42nd month following the date of first drawdown or payment by way of redemption whichever is earlier. Secured revolving credit III of RM45,000,000 (2021: RM52,962,650) is part of the total revolving credits of RM90,000,000 which is repayable by 18 equal quarterly principal instalments of RM5,000,000 each over 4½ year commencing on the first day of the 31st month following the date of first drawdown or payment by way of redemption whichever is earlier. Secured revolving credit IV of RM4,000,000 (2021: RMNil) is part of the total revolving credits of RM50,000,000 granted to the Company which is repayable by 29 monthly principal instalments of RM1,670,000 each over 2½ year commencing on the first day of the 43rd month following the date of first drawdown or payment by way of redemption whichever is earlier. The revolving credits are secured and are supported as follows: (a) (b) (c) legal charge over the freehold land for property development of subsidiaries; debenture by way of fixed and floating charge over the land held for property development of subsidiaries; and corporate guarantee of the Company. Secured revolving credit V of RM20,000,000 (2021: RM20,000,000) is repayable on demand. The revolving credit is secured and is supported as follows: (a) (b) legal charge over the leasehold land held for property development of a subsidiary; and corporate guarantee of the Company. Secured revolving credit VI of RMNil (2021: RM10,000,000) is repayable by 3 quarterly principal instalments of RM5,000,000 each over 3 years commencing on the last day of the 36th month following the date of first drawdown or payment by way of redemption whichever is earlier. The revolving credits were secured and were supported as follows: (a) specific charge and assignment over all designated accounts to be opened with the bank of a subsidiary;
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