2012 2011 2010 PT Bank Harda
12. PINJAMAN YANG DITERIMA Lanjutan LOANS RECEIVED Continued
PT Pan Indonesia Bank Tbk - Lanjutan PT Pan Indonesia Bank, Tbk - Continued Berdasarkan Perjanjian Kredit dan Perjanjian Jaminan, yang
dibuat di hadapan Notaris Maria Andriani Kidarsa S.H., melalui Akta No. 31 tanggal 15 Nopember 2010, Perusahaan memperoleh fasilitas kredit dalam bentuk Pinjaman Tetap (PT-3) dari PT Pan Indonesia Bank Tbk, maksimum sebesar Rp 150.000.000.000. Jangka waktu fasilitas ini adalah selama 24 bulan. Jaminan atas fasilitas kredit ini berupa piutang pembiayaan konsumen dan piutang lancar serta obyek pembiayaan konsumen yang telah diasuransi. Pada tanggal 31 Desember 2012 Perusahaan telah melunasi kewajiban fasilitas kredit ini.
Based on Credit Agreement and Guarantee Agreement by Deed of Notary Maria Andriani Kidarsa, S.H., No. 31 dated November 15, 2010, the Company obtained a credit facility in the form of Fixed Loan (PT-3) from PT Pan Indonesia Bank, Tbk, with a maximum amount of Rp 150,000,000,000. The period of this facility is for 24 months. The collaterals for this credit facility is consumer financing receivables and current receivables which has been insured. As of December 31, 2012 the Company has settled all obligations of this credit facility.
Berdasarkan Perjanjian Kredit dan Perjanjian Jaminan, yang dibuat di hadapan Notaris Maria Andriani Kidarsa, S.H., melalui Akta No. 39 tanggal 10 Oktober 2011, Perusahaan memperoleh tambahan fasilitas kredit dalam bentuk Pinjaman Tetap (PT-4) dari PT Pan Indonesia Bank Tbk, maksimum sebesar Rp 150.000.000.000. Jangka waktu fasilitas ini adalah selama 12 bulan. Jaminan atas fasilitas kredit ini berupa piutang pembiayaan konsumen berupa kendaraan bermotor baik mobil dan motor baru dan bekas dan piutang lancar serta obyek pembiayaan konsumen yang telah diasuransi.
Based on Credit Agreement and Guarantee Agreement by Deed of Notary Maria Andriani Kidarsa, S.H., No. 39 dated October 10, 2011, the Company obtained additional credit facility in the form of Fixed Loan (PT-4) from PT Pan Indonesia Bank, Tbk, with a maximum amount of Rp 150,000,000,000. The period of this facility is for 12 months. The collaterals for this credit facility is consumer financing receivables of motor vehicles and cars either new or used and current receivables which has been insured.
Berdasarkan Perjanjian Kredit dan Perjanjian Jaminan, yang dibuat di hadapan Notaris Maria Andriani Kidarsa, S.H., melalui Akta No. 11 tanggal 9 May 2012, Perusahaan memperoleh tambahan fasilitas kredit dalam bentuk Pinjaman Tetap (PT-5) dari PT Pan Indonesia Bank Tbk, maksimum sebesar Rp 150.000.000.000. Jangka waktu fasilitas ini adalah selama 18 bulan. Jaminan atas fasilitas kredit ini berupa piutang pembiayaan konsumen berupa kendaraan bermotor baik mobil dan motor baru dan bekas dan piutang lancar serta obyek pembiayaan konsumen yang telah diasuransi.
Based on the Credit Agreement and Guarantee Agreement, by Deed of Notary Maria Andriani Kidarsa, S.H., No. 11 dated May 9 2012, Company obtained additional credit facilities in the form of Fixed Loan (PT-5) from PT Bank Pan Indonesia Tbk, with a maximum of Rp 150,000,000,000. The period of this facility is for 18 months. The Collaterals for this credit facilities is consumer financing receivables of motor vehicles and cars, either new or used and current receivables which has been insured.
PT Bank Syariah Mandiri PT Bank Syariah Mandiri
Berdasarkan Akad Line Facility yang dibuat di hadapan Notaris Nelfi Mutiara Simanjuntak, S.H., melalui Akta No. 06 tanggal 7 Oktober 2008, Perusahaan memperoleh fasilitas Line Facility dari PT Bank Syariah Mandiri maksimum sebesar Rp 30.000.000.000. Jaminan atasLine Facilityberupa piutang pembiayaan sepeda motor kepada end user dengan nilai sebesar 112% dari jumlah pembiayaan yang diberikan, yang diikat secara fidusia dan didukung dengan bukti kepemilikan, dan gadai saham nasabah yang dimiliki oleh Prime Capital Limited, minimal sebesar nominal saham dengan total maksimum Rp 30.000.000.000 untuk jangka waktu pinjaman selama 36 bulan.
Based on Line Facility Agreement by Deed of Notary Nelfi Mutiara Simanjuntak, S.H., No. 6 dated October 7, 2008, the Company obtained a Line Facility from PT Bank Syariah Mandiri with maximum amount of Rp 30,000,000,000. The collaterals for this Line Facility is receivables of motorcycle financing to end users with a value of 112% from the financing amount provided, which bounded by fiduciary and is supported by proof of ownership, and the pledge of shares owned by Prime Capital Limited, at minimum of nominal shares with a total maximum of Rp 30,000,000,000 for the term of 36 months.
PT Bank Syariah Mandiri - Lanjutan PT Bank Syariah Mandiri - Continued Berdasarkan Akad Line Facility yang dibuat di hadapan
Notaris Imas Fatimah, S.H., melalui Akta No. 1 tanggal 1 Nopember 2010, Perusahaan memperoleh penambahan fasilitas Line Facility dalam bentuk Al-Musyarakah dari PT Bank Syariah Mandiri sebesar Rp 30.000.000.000. Jaminan atasLine Facilityberupa piutang pembiayaan sepeda motor kepadaend userdengan nilai sebesar 112% dari jumlah pembiayaan yang diberikan, yang diikat secara fidusia dan didukung dengan bukti kepemilikan, dan gadai saham nasabah yang dimiliki oleh Prime Capital Limited, minimal sebesar nominal saham dengan total maksimum Rp 30.000.000.000 untuk jangka waktu pinjaman selama 36 bulan.
Based on Line Facility Agreement by Deed of Notary Imas Fatimah, S.H., No. 1 dated November 1, 2010, the Company obtained additional financing for working capital in the form of Line Facility (Al Musharakah ) from PT Bank Syariah Mandiri amounting to Rp 30,000,000,000. The collaterals for this Line Facility is receivables of motorcycle financing to end users with a value of 112% of the financing amount provided, which bounded by fiduciary and is supported by proof of ownership, and the pledge of shares owned by the Prime Capital Limited, at minimum of nominal shares with a total maximum of Rp 30,000,000,000 for the term of 36 months.
Berdasarkan Akad Line Facility (Al Musyarakah) yang dibuat di hadapan Notaris Ati Mulyati, S.H., MKn., melalui Akta No. 58 tanggal 27 Juni 2011, Perusahaan memperoleh perpanjangan dan penambahan fasilitas Line Facility dalam bentuk Al Musyarakah dari PT Bank Syariah Mandiri sebesar Rp 100.000.000.000. Jaminan atas Line Facility berupa piutang pembiayaan sepeda motor kepada end user dengan nilai sebesar 112% dari jumlah pembiayaan yang diberikan dengan nilai nominal sebesar Rp 67.200.000.000, yang diikat secara fidusia dan didukung dengan bukti kepemilikan, dan gadai saham nasabah yang dimiliki oleh Prime Capital Limited sejumlah 300 lembar saham dengan nilai nominal Rp 100.000.000 per lembar saham dengan total sebesar Rp 30.000.000.000 untuk jangka waktu pinjaman selama 36 bulan.
Based on Line Facility Agreement by Deed of Notary Ati Mulyati, S.H., M.Kn., No. 58 dated June 27, 2011, the Company obtained extension and additional Line Facility (Al Musharakah) from PT Bank Syariah Mandiri with the amount of Rp 100,000,000,000. The collaterals of this line facility is receivables of motorcycle financing to end users with a value of 112% of the financing amount provided by the nominal value of Rp 67,000,000,000, which bounded by fiduciary and is supported by proof of ownership, and a pledge of shares held by the Prime Capital Limited number of 300 shares with a nominal value of Rp 100,000,000 per share with a total of Rp 30,000,000,000 for the term of 36 months.
PT Bank Sinarmas Tbk PT Bank Sinarmas, Tbk
Berdasarkan Perjanjian kredit, yang dibuat di hadapan Notaris Aliya S. Azhar, S.H., M.H., M.kn., melalui Akta No. 119 tanggal 27 Oktober 2010, Perusahaan memperoleh fasilitas kredit dalam bentuk Term Loan dari PT Bank Sinarmas Tbk, sebesar Rp 100.000.000.000. Jaminan atas fasilitas kredit berupa piutang pembiayaan konsumen sebesar 110% dari nominal pencairan kredit dan Buku Pemilik Kendaraan Bermotor (BPKB) kendaraan bermotor. Jangka waktu fasilitas kredit ini adalah selama 36 bulan.
Based on Credit Agreement by Deed of Notary Aliya S, Azhar. S.H., M.H., M.Kn., No. 119 dated October 27, 2010, the Company obtained a credit facility in the form of Term Loan from PT Bank Sinarmas Tbk, amounting to Rp 100,000,000,000. The collaterals of this facility is consumers financing receivable with 110% of nominal credit withdrawal and Motor Vehicle Certificates of Ownership (BPKB). The period of the credit facility is 36 months.
PT Bank Victoria International, Tbk PT Bank Victoria International, Tbk Berdasarkan Perjanjian Kredit dengan Memakai Jaminan,
yang dibuat di hadapan Notaris Suwarni Sukiman, S.H., melalui Akta No. 13 tanggal 3 Agustus 2010, Perusahaan memperoleh fasilitas kredit dari PT Bank Victoria International Tbk, maksimum sebesar Rp 50.000.000.000. Jaminan atas fasilitas ini berupa Buku Pemilik Kendaraan bermotor (BPKB) dan jaminan pribadi Benny Wennas. Jangka waktu fasilitas ini adalah selama 24 bulan.
Based on Credit with Collaterals Agreement by Deed of Notary Suwarni Sukiman, S.H., No. 13 dated August 3, 2010, the Company obtained a credit facility from PT Bank Victoria International, Tbk, with a maximum amount of Rp 50,000,000,000. The collaterals of this facility is Motor Vehicle Certificates of Ownership (BPKB) and personal guarantee from Benny Wennas. The period of this facility is 24 months.
Berdasarkan Perjanjian Kredit dengan Memakai Jaminan, yang dibuat di hadapan Notaris Suwarni Sukiman, S.H., melalui Akta No. 93 tanggal 21 April 2011, Perusahaan memperoleh fasilitas kredit dari PT Bank Victoria International Tbk, maksimum sebesar Rp 50.000.000.000. Jaminan atas fasilitas ini berupa Buku Pemilik Kendaraan bermotor (BPKB) dan jaminan pribadi Benny Wennas. Jangka waktu fasilitas ini adalah selama 24 bulan.
Based on Credit with Collaterals Agreement by Deed of Notary Suwarni Sukiman, S.H., No. 93 dated April 21, 2011, the Company obtained a credit facility from PT Bank Victoria International, Tbk, with a maximum amount of Rp 50,000,000,000. The collaterals of this facility is Motor Vehicle Certificates of Ownership (BPKB) and personal guarantee from Benny Wennas. The period of this facility is 24 months.
12. PINJAMAN YANG DITERIMA - Lanjutan 12. LOANS RECEIVED - Continued
PT Bank Windu Kentjana International Tbk PT Bank Windu Kentjana International, Tbk Berdasarkan Perjanjian Kredit yang dibuat di hadapan Notaris
Mellyani Noor Shandra, S.H., melalui Akta No. 92 tanggal 21 Agustus 2008, Perusahaan memperoleh fasilitas kredit dalam bentuk Installment Loan I dari PT Bank Windu Kentjana International Tbk, maksimum sebesar Rp 10.000.000.000. Jaminan atas fasilitas kredit berupa Buku Pemilik Kendaraan Bermotor (BPKB) nasabah dan deposito berjangka sebesar Rp 500.000.000. Jangka waktu fasilitas kredit ini adalah selama 36 bulan. Pada tanggal 31 Desember 2011, Perusahaan telah melunasi kewajiban fasilitas kredit ini.
Based on Credit Agreement by Deed of Notary Mellyani Noor Shandra, S.H., No. 92 dated August 21, 2008, the Company obtained a credit facility in the form of Installment Loan I from PT Bank Windu Kentjana International Tbk, with a maximum amount of Rp 10,000,000,000. The collaterals of this credit facilities is Motor Vehicle Certificates of Ownership (BPKB) and time deposits of Rp 500,000,000.The period of this credit facility is 36 months. As of December 31, 2011, the Company has settled all obligations of this credit facility.
Berdasarkan Perjanjian Kredit yang dibuat di hadapan Notaris Mellyani Noor Shandra, S.H., melalui Akta No. 22 tanggal 4 September 2008, Perusahaan memperoleh fasilitas kredit dalam bentuk Installment Loan II dari PT Bank Windu Kentjana Internasional Tbk, maksimum sebesar Rp 3.500.000.000. Jaminan atas fasilitas kredit ini berupa 12 unit kendaraan roda empat. Jangka waktu fasilitas kredit ini adalah selama 36 bulan. Pada tanggal 31 Desember 2011, Perusahaan telah melunasi kewajiban fasilitas kredit ini.
Based on Credit Agreement by Deed of Notary Mellyani Noor Shandra, S.H., No. 22 dated September 4, 2008, the Company obtained a credit facility in the form of Installment Loan II from PT Bank Windu Kentjana International Tbk, with a maximum amount of Rp 3,500,000,000. The collaterals of this credit facility is 12 units of four-wheeled vehicles. The period of this credit facility is 36 months. As of December 31, 2011, the Company has settled all obligations of this credit facility.
Berdasarkan Perjanjian Kredit yang dibuat di hadapan Notaris Mellyani Noor Shandra, S.H., melalui Akta No. 50 tanggal 10 Juli 2009, Perusahaan memperoleh fasilitas kredit dalam bentuk Installment Loan IV dari PT Bank Windu Kentjana International Tbk, maksimum sebesar Rp 10.000.000.000. Jaminan atas fasilitas kredit ini berupa piutang dagang kepada end user yang diikat secara fidusia dan Buku Pemilik Kendaraan Bermotor (BPKB) nasabah. Jangka waktu fasilitas kredit ini adalah 36 bulan. Pada tanggal 31 Desember 2012 Perusahaan telah melunasi kewajiban fasilitas kredit ini.
Based on Credit Agreement by Deed of Notary Mellyani Noor Shandra, S.H., No. 50 dated July 10, 2009, The Company obtained a credit facility in the form of Installment Loan IV from PT Bank Windu Kentjana International Tbk, with a maximum amount of Rp 10,000,000,000. The collaterals of this credit facility is accounts receivable to the end user that is bounded by fiduciary and Motor Vehicle Certificates of Ownership (BPKB). The period of this credit facility is 36 months. As of December 31, 2012 the Company has settled all obligations of this credit facility.
Berdasarkan Perjanjian Kredit dengan Memakai Jaminan yang dibuat di hadapan Notaris Sri Ismiyati, S.H., melalui Akta No. 64 tanggal 18 Mei 2010, Perusahaan memperoleh fasilitas kredit dalam bentuk Installment Loan V dari PT Bank Windu Kentjana International Tbk, maksimum sebesar Rp 10.000.000.000. Jaminan atas fasilitas kredit ini berupa akta jaminan fidusia atas tagihan Perusahaan kepada pihak ketiga dengan nilai mínimum 125% dan Buku Pemilik Kendaraan Bermotor (BPKB). Jangka waktu fasilitas ini adalah selama 24 bulan. Pada tanggal 31 Desember 2012 Perusahaan telah melunasi kewajiban fasilitas kredit ini.
Based on Credit with Collaterals Agreement by Deed of Notary Sri Ismiyati, S.H., No. 64 dated May 18, 2010, the Company obtained a credit facility in the form of Installment Loan V from PT Bank Windu Kentjana International Tbk, with a maximum amount of Rp 10,000,000,000. The collaterals of this credit facility
is the Company’s receivable from third parties bounded
fiduciary with the minimum value of 125% and Motor Vehicle Certificates of Ownership (BPKB). The period of this credit facility is 24 months. As of December 31, 2012 the Company has settled all obligations of this credit facility.
Berdasarkan Perjanjian Kredit dengan Memakai Jaminan yang dibuat di hadapan Notaris Sri Ismiyati, S.H., melalui Akta No. 6 tanggal 09 September 2011, Perusahaan memperoleh fasilitas kredit dalam bentuk Installment Loan VI dari PT Bank Windu Kentjana International Tbk, maksimum sebesar Rp 10.000.000.000. Jaminan atas fasilitas kredit ini berupa akta jaminan fidusia atas tagihan Perusahaan kepada pihak ketiga dengan nilai mínimum 110% dan Buku Pemilik Kendaraan Bermotor (BPKB). Jangka waktu fasilitas ini adalah selama 24 bulan.
Based on Credit with Collaterals Agreement by Deed of Notary Sri Ismiyati, S.H., No. 6 dated September 9, 2011, the Company obtained a credit facility in the from of Installment Loan VI from PT Bank Windu Kentjana International Tbk, with a maximum amount of Rp 10,000,000,000. The collaterals of this credit facility is
the Company’s receivable from third parties bounded by fiduciary with the minimum value of 110% and Motor Vehicle Certificates of Ownership (BPKB). The period of this facility is 24 month.
PT Bank Windu Kentjana International Tbk - Lanjutan PT Bank Windu Kentjana International, Tbk - Continued Berdasarkan Perjanjian Kredit dengan memakai Jaminan yang
dibuat di hadapan Notaris Edison Jingga, S.H., melalui Akta No. 144 tanggal 31 Juli 2012, Perusahaan memperoleh fasilitas kredit dalam bentuk Installment Loan VII dari PT Bank Windu Kentjana International Tbk, maksimum sebesar Rp 8.000.000.000. Jaminan atas fasilitas kredit ini berupa 2 bidang tanah dan bangunan dengan sertipikat Hak Guna Bangunan (HGB) Nomor. 10.767 dan Nomor 10.768 yang terletak di Rukan Puri Mutiara Blok D No. 123 dan No.125, Kecamatan Tanjung Priuk, Kelurahan Sunter Agung, Jakarta Utara yang kedua-duanya memiliki luas 75 M2. Jangka waktu fasilitas ini adalah selama 60 bulan.
Based on Credit with Collaterals Agreement by Deed of Notary Edison Jingga, S.H., No. 144 dated July 31, 2012, the Company obtained a credit facility in the form of Loan Installment VII of PT Bank Windu Kentjana International Tbk, a maximum of Rp 8,000,000,000. The collaterals for this credit facility are two land and buildings with certificate HGB No. 10.767 and No. 10.768, located in the Rukan Puri Mutiara Block D No. 123 and 125, Tanjung Priok, Sunter Agung, North Jakarta both with total area 75 M2. The period of this facility is 60 months.
PT Bank Agris PT Bank Agris
Berdasarkan Perjanjian Kredit, yang dibuat di hadapan Notaris Engawati Gazali, S.H., melalui Akta No. 76 tanggal 11 Agustus 2010, Perusahaan memperoleh fasilitas kredit dalam bentuk Fasilitas Non-Revolving Term Loan dari PT Bank Agris, sebesar Rp 20.000.000.000. Jaminan atas fasilitas kredit berupaFiduciaryPiutang yang bersumber dari pemberian kredit oleh Perusahaan kepada end user untuk membeli motor atau mobil senilai 125% dari plafond kredit dan Personal Guarantee dari Benny Wennas (Komisaris Utama) dan Anta Winarta (Direktur Utama). Pada tanggal 31 Desember 2012 Perusahaan telah melunasi kewajiban fasilitas kredit ini.
Based on Credit Agreement by Deed of Notary Engawati Gazali, S.H., No. 76 dated August 11, 2010, the Company obtained a credit facility in the form of Non-Revolving Term Loan from PT Bank Agris amounting Rp 20,000,000,000. The collaterals of this creditfacility is the Company’s receivables from end user
for motorcycle or car bounded by fiduciary which is 125% from the credit limit and Personal Guarantee from Benny Wennas (President Commissioner) and Anta Winarta (President Director). As of December 31, 2012 the Company has settled all obligations of this credit facility. Berdasarkan Perjanjian Kredit, yang dibuat di hadapan Notaris
Engawati Gazali, S.H., melalui Akta No. 94 tanggal 15 Desember 2010, Perusahaan memperoleh fasilitas kredit dalam bentuk Fasilitas Kredit Modal Kerja dari PT Bank Agris, sebesar Rp 20.000.000.000. Jaminan atas fasilitas kredit berupa BPKB yang dijaminkan debitur danFiduciaryPiutang yang bersumber dari pemberian kredit oleh Perusahaan kepada end user untuk membeli motor atau mobil senilai 125% dari plafond kredit dan Personal Guarantee dari Benny Wennas (Komisaris Utama) dan Anta Winarta (Direktur Utama).
Based on the Credit Agreement by Deed of Notary Engawati Gazali, S.H., No. 94 dated December 15, 2010, the Company obtained a credit facility in the form of Working Capital Facility form PT Bank Agris, amounting Rp 20,000,000,000. The collaterals of this credit facility is Motor Vehicle Certificate of Ownership (BPKB) and the fiduciary receivable from end user for motorcycle or car which is 125% from the credit limit, and Personal Guarantee from Benny Wennas (President Commissioner) and Anta Winarta (President Director).
PT Bank Harda Internasional PT Bank Harda Internasional Berdasarkan Perjanjian Pengakuan Utang yang dibuat di
hadapan Notaris Tjoa Karina Juwita, S.H., melalui Akta No. 66 tanggal 11 September 2008, Perusahaan memperoleh fasilitas Pinjaman Aksep Menurun dari PT Bank Harda Internasional maksimum sebesar Rp 5.000.000.000. Jaminan atas fasilitas kredit ini berupa piutang dagang, jaminan pribadi dari pengurus Perusahaan untuk jangka waktu kredit selama 42 bulan. Pada tanggal 31 Desember 2011 Perusahaan telah melunasi kewajiban fasilitas kredit ini.
Based on Agreement of Obligation Confession by Deed of Notary Tjoa Karina Juwita, S.H., No. 66 dated September 11, 2008, the Company obtained a loan facility from PT Bank Harda International with a maximum amount of Rp 5,000,000,000. The collaterals of this credit facility are accounts receivable, personal
guarantee of the Company’s management for a credit
period of 42 months. As of December 31, 2011, the Company has settled all obligations of this credit facility.
Berdasarkan Perjanjian Pengakuan Utang yang dibuat di hadapan Notaris Tjoa Karina Juwita, S.H., melalui Akta No. 57 tanggal 25 Maret 2009, Perusahaan memperoleh fasilitas Pinjaman Aksep Menurun dari PT Bank Harda Internasional maksimum sebesar Rp 5.000.000.000. Jaminan atas fasilitas kredit ini berupa piutang dagang, jaminan pribadi dari pengurus Perusahaan untuk jangka waktu kredit selama 36 bulan. Pada tanggal 31 Desember 2011 Perusahaan telah melunasi kewajiban fasilitas kredit ini.
Based on Declaration of Debt Agreement by Deed of Notary Tjoa Karina Juwita, S.H., No. 57 dated March 25, 2009, the Company obtained a loan facility from PT Bank Harda International with a maximum amount of Rp 5,000,000,000. The collaterals of this credit facility is accounts receivable,personal guarantee of the Company’s
management for a credit period of 36 months. As of December 31, 2011, the Company has settled all obligations of this credit facility.
12. PINJAMAN YANG DITERIMA - Lanjutan 12. LOANS RECEIVED - Continued
PT Bank Harda Internasional - Lanjutan PT Bank Harda Internasional - Continued Berdasarkan Perjanjian Pengakuan Utang yang dibuat di
hadapan Notaris Tjoa Karina Juwita, S.H., melalui Akta No. 13 tanggal 4 Agustus 2009, Perusahaan memperoleh fasilitas Pinjaman Aksep Menurun dari PT Bank Harda Internasional maksimum sebesar Rp 5.000.000.000. Jaminan atas fasilitas kredit ini berupa piutang dagang, jaminan pribadi dari pengurus Perusahaan untuk jangka waktu kredit selama 36 bulan. Pada tanggal 31 Desember 2011 Perusahaan telah melunasi kewajiban fasilitas kredit ini.
Based on Declaration of Debt Agreement by Deed of Notary Tjoa Karina Juwita, S.H., No. 13 dated August 4, 2009, the Company obtained a loan facility fromPT Bank Harda International with a maximum amount of Rp 5,000,000,000. The collaterals of this credit facility is accounts receivable, personal guarantee of the
Company’s management for a credit period of 36 months.
As of December 31, 2011, the Company has settled all