Long-term
borrowings represented term loans from commercial banks with term over 1 years and for working capital purpose. Details of the borrowings
were summarized as follows:
TALENTEC
SDN. BHD.
NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
FOR
THE YEARS ENDED JULY 31, 2024 AND 2025
(In
U.S. dollars, except for share data, or otherwise noted)
| 7. |
BORROWINGS
– Continued |
Schedule
of Long Term Debt
| Lender | |
Start
date | |
Maturity
date | |
Number
of monthly installments | | |
Monthly
installment | |
Interest
rate | | |
Principal
Amount (US$) | |
Guarantee |
| AmBank
(M) Berhad | |
December
5, 2018 | |
November
5, 2023 (extended to June 30, 2024 due to Covid-19) | |
| 60 | | |
US$5,169
(RM21,968), adjusted to US$5,044
(RM21,434) in July 2020 | |
| 11.45 | % | |
US$235,316
(RM1,000,000) | |
Joint
and several guarantee of the following person:
(i) HO SAY SAN
(ii) CHOO YEOW |
| Alliance
Bank Malaysia Berhad | |
March
1, 2021 | |
February
28, 2026 | |
| 60 | | |
US$2,825
(RM12,004) | |
| 3.50 | % | |
US$152,956
(RM650,000) | |
1.
Joint and several guarantee of the following persons:
(i) HO SAY SAN
(ii) CHOO YEOW
(iii) TAN LAI WAN, who sold off her
shares of the Company and was no longer a guarantor as a shareholder since then.
2. Confirmation of guarantee from Credit Guarantee
Corporation Malaysia Berhad for RM520,000 |
| Alliance
Bank | |
July
1, 2022 | |
June
1, 2025 | |
| 36 | | |
US$3,659
(RM15,550) | |
| 7.17 | % | |
US$117,658
(RM500,000) | |
Joint
and several guarantee of the following persons:
(i) HO SAY SAN
(ii) CHOO YEOW |
|