Included in amount due from subsidiaries are unsecured amounts of: MKH Berhad 195 Notes to the Financial Statements For the Financial Year Ended 30 September 2022 LOANS AND BORROWINGS (CONT’D) 33. Term loan IV of RM8,810,662 (2021: RM4,474,902) is part of the total term loans of RM30,000,000 which is repayable by 8 quarterly principal instalments of RM3,750,000 each 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 credit IX of RM4,000,000 (2021: RM3,000,000) is part of the total revolving credits of RM10,000,000 and is repayable by 8 quarterly principal instalments of RM1,250,000 each or any balance outstanding with the first repayment to commence 33rd 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 on fixed and floating charge over all assets of the project of a subsidiary; specific charge and assignment over designated accounts; and corporate guarantee of the Company. Term loan V of RMNil (2021: RM19,890,067) is repayable in 20 quarterly principal instalments commencing 9th month following the date of first drawdown. Secured revolving credit X of RMNil (2021: RM31,439,654) is repayable on demand. The term loan and revolving credits were secured and were supported as follows: (a) (b) (c) legal charge over the oil palm plantation land of a subsidiary in Indonesia; pledged of shares of a subsidiary; and corporate guarantee of the Company. Secured revolving credit XI of RM18,000,000 (2021: RM20,000,000) is repayable on demand. The revolving credit is secured and is supported as follows: ( ) (b) (c) (d) legal charge over the leasehold land and b ilding of a subsidiary; legal assignment over debt service account; legal assignment over all tenancy and rent agreements; specific debenture on fixed and floating charge over the leasehold land and building of a subsidiary; (e) (f) (g) deed of subordinate in respect of shareholders advances and loans to the subsidiary; legal assignment of all of the subsidiary’s present and future rights, title and benefits in and under such insurance policies procure in respect of the charge; and corporate guarantee of the Company.
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