194 Annual Report 2022 Notes to the Financial Statements For the Financial Year Ended 30 September 2022 LOANS AND BORROWINGS (CONT’D) 33. (b) (c) specific debenture by way of fixed and floating charge over all present and future assets in relation to the project of a subsidiary; and corporate guarantee of the Company. Term loan I of RMNil (2021: RM18,590,495) is part of the total term loans of RM30,000,000 and is repayable by 8 quarterly principal instalments of RM3,750,000 each commencing 24th months from the day of first drawdown payment by way of redemption whichever is earlier. Secured revolving credits VII of RMNil (2021: RM5,500,000) is part of the total revolving credits of RM8,000,000 and is repayable by 3 yearly repayment commencing 24th month following the date of first drawdown or payment by way of redemption whichever is earlier. The revolving credit and term loan were secured were supported as follows: (a) (b) (c) (d) (e) legal charge over the designated account of a subsidiary; assignment over all applicable insurance policies; assignment of sales proceeds to be deposited into the designated account; specific debenture by way of fixed and floating charge over all present and future assets of the project of a subsidiary; and corporate guarantee of the Company. Term loan II of RM10,898,500 (2021: RM26,017,450) is part of the total term loans of RM28,000,000 and is repayable by 5 quarterly principal instalments of RM4,700,000 each and final payment of RM4,500,000 or any balance outstanding with the first repayment to commence on 33rd month following the date of first drawdown or payment by way of redemption whichever is earlier. Secured revolving credits VIII of RM3,750,000 (2021: RM15,000,000) is part of the total revolving credits of RM15,000,000 and is repayable by 4 quarterly principal instalments of RM3,750,000 each or any balance outstanding with the first repayment to commence 39th month following the date of first drawdown or payment by way of redemption whichever is earlier. The term loan and revolving credit are secured and are supported as follows: (a) (b) (c) specific debenture over the project land of a subsidiary; charge over the designated accounts; and corporate guarantee of the Company. Term loan III of RM10,000,000 (2021: RM9,787,540) is part of the total term loans of RM25,500,000 which is repayable by 8 quarterly principal instalments of RM3,187,500 each or any balance outstanding with the first repayment to commence on 27th month following the date of first drawdown or payment by way of redemption whichever is earlier. The term loan is secured and is supported as follows: (a) (b) (c) specific debenture on fixed and floating charge over all assets of the project of a subsidiary; charge over the designated accounts; and corporate guarantee of the Company.
RkJQdWJsaXNoZXIy NDgzMzc=