37. PERJANJIAN-PERJANJIAN PENTING DAN IKATAN (Lanjutan)
37. SIGNIFICANT AGREEMENTS AND COMMITMENTS (Continued)
PT Bank Rabobank International Indonesia (Lanjutan)
PT Bank Rabobank International Indonesia (Continued)
Jaminan atas fasilitas tersebut adalah The facility is secured for
Piutang dagang senilai USD 6.105.813,69 sesuai dengan surat pernyataan tertanggal 6 Oktober 2017
Trade receivable amounted USD 6,105,813.69 based on statement letter dated 6 October 2017
Stok barang senilai USD 6.500.000 sesuai dengan
surat pernyataan tertanggal 6 Oktober 2017 Inventories amounted USD 6,500,000 based on statement letter dated 6 October 2017
Berdasarkan surat No. CBK/2018-032/DK-MP tanggal 20 Maret 2018, terdapat perubahan financial covenant sebagai berikut:
Based on letter No. CBK/2018-032/DK-MP dated 20 March 2018, regarding changes in financial covenant, become:
Debt Services Coverage Ratio (DSCR) minimal
1,25x
Debt Services Coverage Ratio (DSCR) minimum 1.25x
EBITDA/Interest expenses minimal 2,5x EBITDA/Interest expenses minimum 2.5x
Gearing Ratio minimal 2x Gearing Ratio minimum 2x
Current Ratio minimal 1x Current Ratio minimum 1x
38. TAMBAHAN INFORMASI ARUS KAS 38. SUPLEMENTARY CASH FLOWS INFORMATION
39. PERISTIWA SETELAH PERIODE LAPORAN (Lanjutan) 39. EVENTS AFTER THE REPORTING PERIOD (Continued)
Pinjaman sindikasi Syndication Loan
Berdasarkan perjanjian pinjaman tanggal 2 Januari 2019 dan perubahan perjanjian tanggal 20 Maret 2019 antara Perusahaan (sebagai peminjam) dan disusun oleh Citigroup Global Markets Asia Limited, DBS Bank Ltd., PT Bank HSBC Indonesia serta The Hongkong and Shanghai Banking Corporation Limited (sebagai agen) dengan jumlah keseluruhan fasilitas USD 350.000.000 dan jatuh tempo pada tanggal 2 Januari 2021.
Based on loan agreement dated 2 January 2019 and the amendent dated 20 March 2019, the Company (as a borrower) and arranged by Citigroup Global Markets Asia Limited, DBS Bank Ltd., PT Bank HSBC Indonesia and The Hongkong and Shanghai Banking Corporation Limited (as a agent) with total amount
facilities USD 350,000,000 and due on dated 2 January 2021.
Facility A Commitment USD 200.000.000 Facility A Commitment USD 200,000,000
Pemberi pinjaman: Citibank N.A., Jakarta Branch (USD 14.290.000), PT Bank DBS Indonesia (USD 66.550.000), PT Bank HSBC Indonesia (USD 66.900.000). Bunga 2,90% per tahun.
Lender: Citibank N.A., Jakarta Branch (USD 14,290,000), PT Bank DBS Indonesia (USD 66,550,000), PT Bank HSBC Indonesia (USD 66,900,000). Interest 2.90% per annum.
Pemberi pinjaman: Citibank N.A., Singapore Branch (USD 52.260.000). Bunga 2,50% per tahun.
Lender: Citibank N.A., Singapore Branch (USD 52,260,000). Interest 2.50% per annum.
Facility B Commitment USD 150.000.000 Facility B Commitment USD 150,000,000
Pemberi pinjaman: Citibank N.A., Jakarta Branch (USD 10.710.000), PT Bank DBS Indonesia (USD 50.000.000), PT Bank HSBC Indonesia (USD 50.000.000). Bunga 2,90% per tahun.
Lender: Citibank N.A., Jakarta Branch (USD 10,710,000), PT Bank DBS Indonesia (USD 50,000,000), PT Bank HSBC Indonesia (USD 50,000,000). Interest 2.90% per annum.
Pemberi pinjaman: Citibank N.A., Singapore Branch (USD 39.290.000). Bunga 2,50% per tahun.
Lender: Citibank N.A., Singapore Branch (USD 39,290,000). Interest 2.50% per annum.
Perusahaan harus memastikan kondisi keuangan: The Company, shall ensure the financial condition:
Consolidated Net Financial Borrowings to Consolidated Tangible Net Worth
Consolidated Net Financial Borrowings to Consolidated Tangible Net Worth
Relevant period expiring: Relevant period expiring:
30 Juni 2019 – 1,35 : 1 30 June 2019 - 1.35 : 1
31 Desember 2019 – 1,35 : 1 31 December 2019 - 1.35 : 1
30 Juni 2020 – 1,20 : 1 30 June 2020 – 1.20 : 1
31 Desember 2020 – 1,20 : 1 31 December 2020 – 1.20 : 1
30 Juni 2021 – 1,05 : 1 30 June 2021 – 1.05 : 1
31 Desember 2021 – 1,05 : 1 31 December 2021 – 1.05 : 1
Consolidated Net Financial Borrowings to Consolidated EBITDA
Consolidated Net Financial Borrowings to Consolidated EBITDA
Relevant period expiring: Relevant period expiring:
30 Juni 2019 – 3,00 : 1 30 June 2019 – 3.00 : 1
31 Desember 2019 – 3,00 : 1 31 December 2019 – 3.00 : 1
30 Juni 2020 – 2,75 : 1 30 June 2020 – 2.75 : 1
31 Desember 2020 – 2,75 : 1 31 December 2020 – 2.75 : 1
30 Juni 2021 – 2,25 : 1 30 June 2021 – 2.25 : 1
31 Desember 2021 – 2,25 : 1 31 December 2021 – 2.25 : 1
Interest cover tidak lebih dari 2,50 : 1 Interest cover not less than 2.50 to 1
39. PERISTIWA SETELAH PERIODE LAPORAN (Lanjutan) 39. EVENTS AFTER THE REPORTING PERIOD (Continued)
Pelunasan pinjaman bank di 2019 Repaid bank loan in 2019 Pinjaman ke Lembaga Pembiayaan Ekspor Indonesia
(Indonesia Eximbank) telah dilunasi oleh Perusahaan dan Entitas Anak, PT Sinar Pantja Djaja pada tanggal 26 Februari 2019.
Loan to Lembaga Pembiayaan Ekspor Indonesia (Indonesia Eximbank) has been paid by the Company and Subsidiary, PT Sinar Pantja Djaja on 26 February 2019.
Pinjaman ke Cathay United Bank telah dilunasi oleh Perusahaan pada tanggal 25 Februari 2019.
Loan to Cathay United Bank has been paid by the Company on 25 February 2019.
Pinjaman ke Taipei Fubon Commercial Bank Co., Ltd.
telah dilunasi oleh Perusahaan pada tanggal 25 Februari 2019.
Loan to Taipei Fubon Commercial Bank Co., Ltd. has been paid by the Company on 25 February 2019.
Pinjaman ke PT Bank Danamon Indonesia Tbk telah dilunasi oleh Entitas Anak, PT Bitratex Industries pada tanggal 22 Maret 2019.
Loan to PT Bank Danamon Indonesia Tbk has been paid by the Subsidiaries, PT Bitratex Industries on 22 March 2019.
Pinjaman ke PT Bank Danamon Indonesia Tbk telah dilunasi oleh Entitas Anak, PT Primayudha Mandirijaya pada tanggal 11 Maret 2019.
Loan to PT Bank Danamon Indonesia Tbk has been paid by the Subsidiaries, PT Primayudha Mandirijaya on 11 March 2019.
PT Bank Central Asia Tbk (BCA) PT Bank Central Asia Tbk (BCA) Berdasarkan surat pemberitahuan No. 10067/GBK/
2019 tanggal 8 Februari 2019, dengan fasilitas Kredit Multi Fasilitas dan Fasilitas Forex Forward Line, pinjaman akan jatuh tempo pada 9 Mei 2019.
Based on letter of notification No. 10067/GBK/2019 dated 8 February 2019, with credit facility Multi Credit Facilities and Forex Forward Line Facilities, the loan will be maturity on 9 May 2019.
PT Bank DBS Indonesia PT Bank DBS Indonesia
Berdasarkan perubahan perjanjian No. 004/PFPA- DBSI/I/1-2/East/2019 tanggal 28 Januari 2019, antara PT Bank DBS Indonesia dengan Entitas Anak, PT Bitratex Industries, pinjaman akan jatuh tempo pada 24 Juni 2019.
Based on change agreement No. 004/PFPA-DBSI/I/1-
2/East/2019 dated 28 January 2019, between PT Bank DBS Indonesia with the Subsidiary,
PT Bitratex Industries the loan will be maturity on 24 June 2019.
Jaminan atas fasilitas-fasilitas di atas: Collateral for the above facilities are:
Hak Tanggungan Peringkat Pertama atas 12 bidang tanah termasuk bangunan diatasnya yang terletak di Jalan Brigdjen S. Sudiarto Km 11, Kel. Plamongsari, Kec. Pedurungan, Semarang, Jawa Tengah atas nama PT Bitratex Industries senilai USD 20.000.000.
First Rating Rights for 12 land include the buildings located at Jalan Brigdjen S. Sudiarto Km 11, Kel. Plamongsari, Kec. Pedurungan, Semarang, Jawa Tengah on behalf PT Bitratex Industries amounting to USD 20,000,000.
Jaminan fidusia atas mesin-mesin senilai USD 88.709.000.
Fiduciary of machineries amounting to USD 88,709,000.
Jaminan fidusia atas persediaan senilai USD 6.000.000.
Fiduciary inventories amounting to USD 6,000,000.
Jaminan fidusia atas piutang senilai
USD 3.000.000. Fiduciary on receivables amounting to
USD 3,000,000.
Jaminan fidusia atas klaim asuransi senilai
USD 67.550.000 dan Rp 12.000.000.000. Fiduciary of claim insurance amounting to USD 67,550,000 and Rp 12,000,000,000.
39. PERISTIWA SETELAH PERIODE LAPORAN (Lanjutan) 39. EVENTS AFTER THE REPORTING PERIOD (Continued)
PT Bank KEB Hana Indonesia PT Bank KEB Hana Indonesia
Pada tanggal 4 Pebruari 2019, Perusahaan telah menerima SPPK No. 31/0710/PN/CM dari PT Bank KEB Hana Indonesia untuk perpanjangan jangka waktu, penurunan plafond fasilitas kredit dan penarikan jaminan. Sampai dengan tanggal pelaporan ini diterbitkan, perjanjian kredit tersebut masih dalam proses penyelesaian.
On 4 February 2019, the Company has received SPPK No. 31/0710/PN/CM from PT Bank KEB Hana Indonesia for extension of the term, decrease in credit facility ceiling and withdrawal of collateral.
Up to the date of this report, the credit agreement is still in the process of completion.
40. PENERBITAN LAPORAN KEUANGAN KONSOLIDASIAN 40. ISSUANCE OF CONSOLIDATED FINANCIAL