Loan amount – John Hesch http://johnhesch.com/ Sun, 26 Dec 2021 06:55:21 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://johnhesch.com/wp-content/uploads/2021/07/icon-150x150.png Loan amount – John Hesch http://johnhesch.com/ 32 32 REPL :: Acquisitions and disposals of assets :: Disbursement of the convertible loan amount https://johnhesch.com/repl-acquisitions-and-disposals-of-assets-disbursement-of-the-convertible-loan-amount/ Wed, 15 Dec 2021 17:39:20 +0000 https://johnhesch.com/repl-acquisitions-and-disposals-of-assets-disbursement-of-the-convertible-loan-amount/ TOTM LIMITED TECHNOLOGIES (Incorporated in the Republic of Singapore) (Company registration number 201506891C) INVESTMENT IN PT. CAKRAWALA DATA INTEGRATION PAYMENT OF THE CONVERTIBLE LOAN AMOUNT INTRODUCTIONThe board of directors (the “advice“or the”Directors“) of TOTM Technologies Limited (the”Society“, with its subsidiaries, the”Group“) refers to the announcement of December 13, 2021 regarding the investment in PT. Cakravala […]]]>

TOTM LIMITED TECHNOLOGIES

(Incorporated in the Republic of Singapore)

(Company registration number 201506891C)

INVESTMENT IN PT. CAKRAWALA DATA INTEGRATION

  1. INTRODUCTION
    The board of directors (the “advice“or the”Directors“) of TOTM Technologies Limited (the”Society“, with its subsidiaries, the”Group“) refers to the announcement of December 13, 2021 regarding the investment in PT. Cakravala Data Integrasi (the”Announcement“).
    Capitalized terms used but not defined herein will have the meaning assigned to them in the Announcement.
  2. PAYMENT OF THE CONVERTIBLE LOAN AMOUNT
  1. The Board is pleased to announce that as of the date of this announcement, in accordance with the terms and conditions of the Convertible Loan Agreement, the disbursement conditions of the Convertible Loan have been met.
  2. As a result, the convertible loan amount of US $ 3,750,000 (equivalent to approximately S $ 5,158,000) has been disbursed by the Company by bank transfer to CDI and the maturity date will be 2.5 years from the date of disbursement (or any extension thereof as may be determined by the Company in its sole discretion).

3. UPDATE ON THE USE OF THE PRODUCTS OF THE SUBSCRIPTION EXERCISES

3.1. On the date of this announcement and in accordance with the disbursement of the Convertible Loan Amount, the remaining net proceeds and the expected use of the net proceeds from the Subscription and Offering Exercises1 are the following:

S $ ‘000

October 2020

June 2021

Subscription

Placement

Exercise

Exercise

Net income allocated to working capital

1,131 – 1,508

2,543 – 5,085

Net proceeds used for working capital at

(1508)

(4,977)

date of this announcement

Net proceeds remaining for working capital at

108

date of this announcement

Net proceeds allocated to new business

2 262 – 2 639

20 340 – 22 882

Opportunities

  1. Subscription and placement exercises“include the (a) share subscription of 76,000,000 Shares which was announced on
  1. September 2020 and completed on October 16, 2020 (the “October 2020 subscription exercise“); and (b) the share subscription of 195,000,000 Shares which was announced on May 11, 2021 and completed on June 25, 2021 (the”June 2021 investment year“). Shareholders are requested to note that on the date of this announcement, the net proceeds of the subscription exercise announced on November 15, 2020 and completed on January 6, 2021 (the”November 2020 subscription exercise“), the subscription exercise announced on December 13, 2020 and carried out on December 23, 2020 (the”Subscription exercise of December 2020“), and the subscription exercise announced on January 26, 2021 and completed on April 6, 2021 (the”Subscription exercise January 2021“) have been fully utilized.

1

S $ ‘000

October 2020

June 2021

Subscription

Placement

Exercise

Exercise

Net proceeds used for new business opportunities

(1,752) (1)

(17 156) (3)

on the date of this announcement

Net proceeds remaining for new business

510 (2)

3 184 (4)

opportunities on the date of this announcement

Remarks:

  1. The introductory costs relating to the acquisition of IBPL for a total amount of S $ 2,100,000 were partially financed by the net proceeds of the October 2020 subscription exercise and the subscription exercise of November 2020. Of the S $ 2,100,000, S $ 825,000 was funded from the October 2020 subscription year, while S $ 1,275,000 was funded from the subscription year November 2020.
  2. The investment amount of S $ 510,000 for the joint venture with International Biometrics Pte. Ltd. will be funded by the net proceeds of the October 2020 subscription exercise. Please refer to the Company’s December 2, 2020 announcement for defined conditions and further details.
  3. The capital investment in TECH5 (equivalent to approximately S $ 10,832,000 based on the spot rate of US $ 1,000: S $ 1.354 on the date of payment), the payment of professional fees and professional fees. introduction of approximately S $ 0.3 million and S $ 847,000 respectively in this regard, and the convertible loan amount of US $ 3,750,000 (equivalent to S $ 5,158,000 based on the spot rate of 1 US $ 000: S $ 1.3755), were funded from the June 2021 investment year.
  4. It is intended that the net proceeds from the June 2021 investment year be used to finance other future investments and the corresponding professional fees.

.

3.2. A breakdown of the net proceeds for the October 2020 subscription exercise, the November 2020 subscription exercise, the December 2020 subscription exercise, the January 2021 subscription exercise and the fiscal year investment from June 2021 which were used for working capital is:

Summary of expenses:

Working capital (S $ ‘000)

Registration fees

77

Staff costs and directors’ fees

2,114

Finance cost or bank charges

11

Professional fees

4,193

Administrative expenses

1490

Rental deposit

143

Purchases from the supplier

2 753

Total

10 781

4. CAUTION

Shareholders, security holders and potential investors are urged to read this announcement and all past and future announcements of the Company carefully when dealing with Shares and securities of the Company. Shareholders, security holders and potential investors should consult their brokers, bank managers, lawyers or other professional advisers if in any doubt as to what action to take or when dealing with their Shares. or securities of the Company.

BY ORDER OF THE COUNCIL

Mr. Pierre Prunier

Chairman and CEO and Executive Director

December 15, 2021

This announcement has been reviewed by the Company’s sponsor, SAC Capital Private Limited (the

Sponsor“).

This announcement has not been reviewed or approved by the Singapore Exchange Securities Trading Limited (the “Exchange“) and the Bourse assumes no responsibility for the content of this advertisement, including the accuracy of any statements or opinions made, or reports contained in this advertisement.

The contact person for the Sponsor is Ms. Charmian Lim (phone number: (65) 6232 3210) at 1 Robinson Road, # 21-00 AIA Tower, Singapore 048542.

Warning

Totm Technologies Ltd. published this content on December 15, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on December 15, 2021 05:38:09 PM UTC.

Public now 2021

All news from TOTM TECHNOLOGIES LIMITED

Sales 2021 7.27 million
5.33 million
5.33 million
Net income 2021 -7.79 million
-5.75 million
-5.75 million
Net cash position 2021 6.33 million
4.64 million
4.64 million
PER 2021 ratio -11.4x
Yield 2021
Capitalization 166 million
122 million
122 million
VE / Sales 2020 0.63x
VE / Sales 2021 23.6x
Number of employees
Free float 51.8%

Graphic TOTM TECHNOLOGIES LIMITED
Duration :

Period :

Totm Technologies Limited Technical Analysis Chart |  MarketScreener

Technical analysis trends TOTM TECHNOLOGIES LIMITED

Short term Mid Road Long term
Tendencies Neutral Neutral Neutral

Evolution of the income statement


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NRI businessman Yusuf Ali keeps promise and pays back poor family’s loan amount – The New Indian Express https://johnhesch.com/nri-businessman-yusuf-ali-keeps-promise-and-pays-back-poor-familys-loan-amount-the-new-indian-express/ Tue, 07 Dec 2021 13:30:00 +0000 https://johnhesch.com/nri-businessman-yusuf-ali-keeps-promise-and-pays-back-poor-familys-loan-amount-the-new-indian-express/ Through Express news service KOCHI: Amina’s family will sleep peacefully at their home in Kanjiramattom, a suburb of Kochi, free from fear of banking attachment, thanks to the big heart of businessman NRI MA Yusuf Ali. She had had sleepless nights and had forgotten what it was like to have a normal day because of […]]]>

Through Express news service

KOCHI: Amina’s family will sleep peacefully at their home in Kanjiramattom, a suburb of Kochi, free from fear of banking attachment, thanks to the big heart of businessman NRI MA Yusuf Ali.

She had had sleepless nights and had forgotten what it was like to have a normal day because of a bank loan, which the family struggled to repay.

Amina had taken out a loan from Keechery Service Co-Operative Bank for their daughter’s marriage by mortgaging their land and house. The land and the house were under bank seizure due to the default. Her savings were used for her husband’s treatment, and there is no more money to pay the amount recovered.

On Sunday, Amina rushed to Panangad to meet Yusuf Ali, who had come to the village to visit Rajesh and his family, who rescued group chairman Lulu after his helicopter crashed earlier this year. As soon as Yusuf Ali heard about Amina’s plight, he asked his colleagues to deposit the money and repay his loan amount as soon as possible.

Amina never thought her issues would be resolved quickly when she expressed grief over the threat of losing her home to the bank to Yusuf Ali. Amina’s husband, Syed Mohammad, suffers from cancer.

On Monday, Amina and her husband were informed that someone had come to visit them. The two rushed to the place and had no idea of ​​the visitors. They asked visitors who they were and the purpose of their visit.

The visitors were employees of Lulu Group. Although Amina did not understand who they were initially, Lulu employees told them that they had repaid the loan amount of Rs 3,81,160 the couple owed the bank. Amina and her husband were beyond belief when the media coordinator of the Lulu NB Swaraj group delivered the receipt for the loan repayment and interest to Amina. He also handed over a sum of Rs 50,000, including medical costs, to the couple for treatment costs on the instructions of Yusuf Ali.

The loan amount of Rs 2,14,242 and a total of Rs 3,81,160 including interest and penalty interest was deposited by Yusuf Ali in the bank. The bank will return documents relating to the land after changing it to Amina’s name at the earliest, officials said.


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JSW’s steel arm, Piombino Steel, repays the entire loan amount https://johnhesch.com/jsws-steel-arm-piombino-steel-repays-the-entire-loan-amount/ Wed, 24 Nov 2021 08:00:00 +0000 https://johnhesch.com/jsws-steel-arm-piombino-steel-repays-the-entire-loan-amount/ Piombino Steel (PSL), the wholly-owned subsidiary of JSW Steel, repaid the entire loan used for the acquisition of Bhushan Power and Steel from the developer group company West Waves Maritime and Allied Services and acquired its stake from Magnificent Merchandise and Advisory Services. JSW Steel had acquired Bhushan Power and Steel via PSL in March. […]]]>

Piombino Steel (PSL), the wholly-owned subsidiary of JSW Steel, repaid the entire loan used for the acquisition of Bhushan Power and Steel from the developer group company West Waves Maritime and Allied Services and acquired its stake from Magnificent Merchandise and Advisory Services.

JSW Steel had acquired Bhushan Power and Steel via PSL in March. Last month, JSW Steel converted the optionally fully converted debentures issued by PSL into shares and made them a subsidiary. As a result of this conversion, JSW Steel currently owns 83.28 percent of PSL.

Also Read: JSW Steel’s crude steel production increased 6% to 1.42mt in October

In order to reorganize, eliminate inter-company lending and simplify the group’s corporate structure for better administration, PSL acquired 100% of the capital of West Waves Maritime and Allied Services (WWMAS) from Magnificent Merchandise and Advisory Services. on the basis of the assessment report of a reputable expert. with the ultimate goal of merging WWMAS with itself, subject to regulatory approval, JSW Steel said in a statement Wednesday.

WWMAS has now become the 100% subsidiary of PSL and a wholly owned subsidiary of JSW Steel, he added.


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The amount of the loan granted by the Company and its subsidiaries to others is greater than 20% of the most recent shareholders’ equity. https://johnhesch.com/the-amount-of-the-loan-granted-by-the-company-and-its-subsidiaries-to-others-is-greater-than-20-of-the-most-recent-shareholders-equity/ Fri, 12 Nov 2021 11:08:07 +0000 https://johnhesch.com/the-amount-of-the-loan-granted-by-the-company-and-its-subsidiaries-to-others-is-greater-than-20-of-the-most-recent-shareholders-equity/ Declaration 1.Date of occurrence of the event:2021/11/12 2.The public company or its subsidiaries for which the amount of monetary loans extended to others reaches 20 percent or more of the public company's net worth on the latest financial statements, please specify name of funding recipient, relationship with lender, lending limit (thousand NTD), outstanding balance (thousand […]]]>

Declaration

1.Date of occurrence of the event:2021/11/12
2.The public company or its subsidiaries for which the amount of monetary
loans extended to others reaches 20 percent or more of the public company's
net worth on the latest financial statements, please specify name of funding
recipient, relationship with lender, lending limit (thousand NTD),
outstanding balance (thousand NTD) up to the date of occurrence and
the reason for lending up to the date of occurrence:
------------------------------------------------------------------
(1-1) Name of the company who receive the monetary loans:
      Leader Electronics Inc.
(1-2) Relationship to the Company who extend the loans:
      Leader Electronics Affiliated Inc. is 100% owned
      subsidiaries of Company.
(1-3) Ceiling amount on the monetary loans extended: NTD$ 207,885
      thousands dollars
(1-4) Total extended amount of loans: NTD$ 83,430 thousands dollars

(1-5) The reason for loans as of the date of occurrence of the event:
      The reason of the loans is the funds accommodations for the
      operational turnover.
------------------------------------------------------------------
(2-1) Name of the company who receive the monetary loans:
      Leader Electronics Inc.
(2-2) Relationship to the Company who extend the loans:
      Leader International Holding Ltd. is 100% owned
      subsidiaries of Company.
(2-3) Ceiling amount on the monetary loans extended: NTD$ 2,240,341
      thousands dollars
(2-4) Total extended amount of loans: NTD$ 333,720 thousands dollars

(2-5) The reason for loans as of the date of occurrence of the event:
      The reason of the loans is the funds accommodations for the
      operational turnover.
------------------------------------------------------------------
(3-1) Name of the company who receive the monetary loans:
      Leader Electronics Affiliated Inc.
(3-2) Relationship to the Company who extend the loans:
      head office
(3-3) Ceiling amount on the monetary loans extended: NTD$ 1,563,535
      thousands dollars
(3-4) Total extended amount of loans: NTD$ 55,620 thousands dollars

(3-5) The reason for loans as of the date of occurrence of the event:
      The reason of the loans is the funds accommodations for the
      operational turnover.
------------------------------------------------------------------
(4-1) Name of the company who receive the monetary loans:
      Dongguan Linghung Electronics Inc.
(4-2) Relationship to the Company who extend the loans:
      Dongguan Linghung Electronics Inc. and Dongguan Leader
      Electronics Inc. are 100% owned subsidiaries of Company.
(4-3) Ceiling amount on the monetary loans extended: NTD$ 408,867 thousands
      dollars
(4-4) Total extended amount of loans: NTD$ 43,509 thousands dollars

(4-5) The reason for loans as of the date of occurrence of the event:
      The reason of the loans is the funds accommodations for the operational
      turnover.
------------------------------------------------------------------
(5-1) Name of the company who receive the monetary loans:
      Dongguan Linghung Electronics Inc.
(5-2) Relationship to the Company who extend the loans:
      Dongguan Linghung Electronics Inc. and Jiangsu Leader
      Electronics Co., Ltd are 100% owned subsidiaries of Company.
(5-3) Ceiling amount on the monetary loans extended: NTD$ 637,652 thousands
      dollars
(5-4) Total extended amount of loans: NTD$ 43,509 thousands dollars

(5-5) The reason for loans as of the date of occurrence of the event:
      The reason of the loans is the funds accommodations for the operational
      turnover.
------------------------------------------------------------------
(6-1) Name of the company who receive the monetary loans:
      Dongguan Leader Electronics Inc.
(6-2) Relationship to the Company who extend the loans:
      Dongguan Leader Electronics Inc. and Dongguan Linghung
      Electronics, Inc., are 100% owned subsidiaries of Company.
(6-3) Ceiling amount on the monetary loans extended: NTD$ 287,930 thousands
      dollars
(6-4) Total extended amount of loans: NTD$ 130,527 thousands dollars

(6-5) The reason for loans as of the date of occurrence of the event:
      The reason of the loans is the funds accommodations for the operational
      turnover.
------------------------------------------------------------------
(7-1) Name of the company who receive the monetary loans:
      Dongguan Leader Electronics Inc.
(7-2) Relationship to the Company who extend the loans:
      Dongguan Leader Electronics Inc. and Jiangsu Leader
      Electronics Co., Ltd are 100% owned subsidiaries of Company.
(7-3) Ceiling amount on the monetary loans extended: NTD$ 637,652 thousands
      dollars
(7-4) Total extended amount of loans: NTD$ 43,509 thousands dollars

(7-5) The reason for loans as of the date of occurrence of the event:
      The reason of the loans is the funds accommodations for the operational
      turnover.
------------------------------------------------------------------
(8-1) Name of the company who receive the monetary loans:
      Leader Electronics (B.V.I) Inc.
(8-2) Relationship to the Company who extend the loans:
      Leader Electronics (B.V.I) Inc. and Leader International
      Holding Ltd. are 100% owned subsidiaries of Company.
(8-3) Ceiling amount on the monetary loans extended: NTD$ 2,240,341
      thousands dollars
(8-4) Total extended amount of loans: NTD$ 639,630 thousands dollars

(8-5) The reason for loans as of the date of occurrence of the event:
      The reason of the loans is the funds accommodations for the
      operational turnover.
------------------------------------------------------------------
(9-1) Name of the company who receive the monetary loans:
      LEI Electronics (B.V.I.) Inc.
(9-2) Relationship to the Company who extend the loans:
      LEI Electronics (B.V.I.) Inc. and Leader International
      Holding Ltd. are 100% owned subsidiaries of Company.
(9-3) Ceiling amount on the monetary loans extended: NTD$ 2,240,341
      thousands dollars
(9-4) Total extended amount of loans: NTD$ 5,562 thousands dollars

(9-5) The reason for loans as of the date of occurrence of the event:
      The reason of the loans is the funds accommodations for the operational
      turnover.
------------------------------------------------------------------
(10-1) Name of the company who receive the monetary loans:
       Leader Electronics (Singapore) Pte Ltd.
(10-2) Relationship to the Company who extend the loans:
       Leader Electronics (Singapore) Pte Ltd. and LEI Electronics
       (B.V.I.) Inc. are 100% owned subsidiaries of Company.
(10-3) Ceiling amount on the monetary loans extended: NTD$ 10,079
       thousands dollars
(10-4) Total extended amount of loans: NTD$ 2,225 thousands dollars

(10-5) The reason for loans as of the date of occurrence of the event:
       The reason of the loans is the funds accommodations for the
       operational turnover.
------------------------------------------------------------------
(11-1) Name of the company who receive the monetary loans:
       LEI POWERGEAR PRIVATE LIMITED
(11-2) Relationship to the Company who extend the loans:
       head office�FLEI POWERGEAR PRIVATE LIMITED is 55% owned
       subsidiaries of Company.
(11-3) Ceiling amount on the monetary loans extended: NTD$ 625,414
       thousands dollars
(11-4) Total extended amount of loans: NTD$ 4,172 thousands dollars

(11-5) The reason for loans as of the date of occurrence of the event:
       The reason of the loans is the funds accommodations for the
       operational turnover.
------------------------------------------------------------------
(12-1) Name of the company who receive the monetary loans:
       LEI POWERGEAR PRIVATE LIMITED
(12-2) Relationship to the Company who extend the loans:
       LEI POWERGEAR PRIVATE LIMITED is 55% owned subsidiaries of Company.
       Dongguan Linghung Electronics Inc. is 100% owned subsidiaries
       of Company.
(12-3) Ceiling amount on the monetary loans extended: NTD$ 115,172
       thousands dollars
(12-4) Total extended amount of loans: NTD$ 1,947 thousands dollars

(12-5) The reason for loans as of the date of occurrence of the event:
       The reason of the loans is the funds accommodations for the
       operational turnover.
------------------------------------------------------------------
(13-1) Name of the company who receive the monetary loans:
       SEETEL NEW ENERGY Co., LTD.
(13-2) Relationship to the Company who extend the loans:
       head office�FSEETEL NEW ENERGY Co., LTD. is 27.78% owned subsidiaries
       of Company.
(13-3) Ceiling amount on the monetary loans extended: NTD$ 625,414
       thousands dollars
(13-4) Total extended amount of loans: NTD$ 5,000 thousands dollars

(13-5) The reason for loans as of the date of occurrence of the event:
       The reason of the loans is the funds accommodations for the
       operational turnover.
------------------------------------------------------------------
3.The total amount of monetary loans extended to others as of the date of
occurrence:NTD$ 1,392,360 thousands dollars
4.The total amount of monetary loans extended to others as a percentage of
the public company��s net worth on the latest financial statements as of the
date of occurrence:89.05%
5.Sources of funds for the company to extend monetary loans to others:
 The head office itself / The subsidiary itself
6.Any other matters that need to be specified:N/A


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To announce that the loan amount is greater than 10,000,000 NTD $ and is greater than 2% of the last SE of the Company. https://johnhesch.com/to-announce-that-the-loan-amount-is-greater-than-10000000-ntd-and-is-greater-than-2-of-the-last-se-of-the-company/ Fri, 12 Nov 2021 11:08:06 +0000 https://johnhesch.com/to-announce-that-the-loan-amount-is-greater-than-10000000-ntd-and-is-greater-than-2-of-the-last-se-of-the-company/ Declaration 1.Date of occurrence of the event:2021/11/12 2.Funding recipient name, relationship with lender, lending limit (thousand NTD), starting outstanding balance (thousand NTD), new loan (thousand NTD), is it part of a scheduled allocation or revolving limit for the same recipient that the chairman is authorized by the board of directors to allocate, outstanding balance (thousand […]]]>

Declaration

1.Date of occurrence of the event:2021/11/12
2.Funding recipient name, relationship with lender, lending limit
(thousand NTD), starting outstanding balance (thousand NTD), new loan
(thousand NTD), is it part of a scheduled allocation or revolving limit for
the same recipient that the chairman is authorized by the board of directors
to allocate, outstanding balance (thousand NTD) up to the date of
occurrence, reason for new loan (thousand NTD):
----------------------------------------------------------------
(1-1) Name of the company who receive the monetary loans:
      Leader Electronics Affiliated Inc.
(1-2) Relationship to the Company who extend the loans:Leader Electronics
      Affiliated Inc. is 100% owned subsidiaries by Company.
(1-3) Ceiling amount on the monetary loans extended: NTD$ 1,563,535 thousands
      dollars
(1-4) Amount of loans originally extended: NTD$ 0
(1-5) Amount of the current additional loans: NTD$ 55,620 thousands dollars
(1-6) Whether or not the board of directors authorize the chairperson to give
      loans for the borrowing counterparty:Yes
(1-7) Total extended amount of loans as of the date of occurrence of the
      event: NTD$ 55,620 thousands dollars
(1-8) The reason for loans as of the date of occurrence of the event:The
      Board meeting dated Nov. 12, 2021 authorized the chairman to increase
      USD 2,000,000 credit loaned by Leader Electronics Inc. to
      Leader Electronics Affiliated Inc. within one year.
----------------------------------------------------------------
(2-1) Name of the company who receive the monetary loans:
      LEI POWERGEAR PRIVATE LIMITED
(2-2) Relationship to the Company who extend the loans:
      LEI POWERGEAR PRIVATE LIMITED is 55% owned subsidiaries of Company.
(2-3) Ceiling amount on the monetary loans extended: NTD$ 625,414 thousands
      dollars
(2-4) Amount of loans originally extended: NTD$ 0
(2-5) Amount of the current additional loans: NTD$ 4,172 thousands dollars
(2-6) Whether or not the board of directors authorize the chairperson to give
      loans for the borrowing counterparty:Yes
(2-7) Total extended amount of loans as of the date of occurrence of the
      event: NTD$ 4,172 thousands dollars
(2-8) The reason for loans as of the date of occurrence of the event:The
      Board meeting dated Nov. 12, 2021 authorized the chairman to increase
      USD 150,000 credit loaned by Leader Leader Electronics Inc.
      to LEI POWERGEAR PRIVATE LIMITED within one year.
----------------------------------------------------------------
(3-1) Name of the company who receive the monetary loans:
      SEETEL NEW ENERGY Co., LTD.
(3-2) Relationship to the Company who extend the loans:
      SEETEL NEW ENERGY Co., LTD. is 27.78% owned subsidiaries of Company.
(3-3) Ceiling amount on the monetary loans extended: NTD$ 625,414 thousands
      dollars
(3-4) Amount of loans originally extended: NTD$ 0
(3-5) Amount of the current additional loans: NTD$ 5,000 thousands dollars
(3-6) Whether or not the board of directors authorize the chairperson to give
      loans for the borrowing counterparty:Yes
(3-7) Total extended amount of loans as of the date of occurrence of the
      event: NTD$ 5,000 thousands dollars
(3-8) The reason for loans as of the date of occurrence of the event:The
      Board meeting dated Nov. 12, 2021 authorized the chairman to increase
      NTD 5,000,000 credit loaned by Leader Leader Electronics Inc. to
      SEETEL NEW ENERGY Co., LTD. within one year.
----------------------------------------------------------------
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):N/A
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
(1) Capital�GNTD$ 275,130 thousands dollars
(2) Accumulated losses of the loan recipient�GNTD$ -37,043 thousands
    dollars
5.Method of calculation of interest:N/A
6.For repayment, the condition and the date:N/A
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):NTD$ 64,792 thousands dollars
8.The total amount of monetary loans extended to others as a percentage of
the public company��s net worth on the latest financial statements as of the
date of occurrence:4.14%
9.Sources of funds for the company to extend monetary loans to others:
The head office itself
10.Any other matters that need to be specified:
  (1)The capital of Leader Electronics Affiliated Inc. in the latest
     financial report is USD 8,750 thousands dollars and the accumulated
     losses is PHP -23,791 thousands dollars.
  (2)The capital of LEI POWERGEAR PRIVATE LIMITED in the latest financial
     report is INR 50,000 thousands dollars and the accumulated losses is
     INR -19,383 thousands dollars.
  (3)The capital of SEETEL NEW ENERGY Co., LTD. in the latest financial
     report is NTD 13,200 thousands dollars and the accumulated losses is
     NTD -16,711 thousands dollars.


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PNB Vyapaar Loan Program: Know the target groups, loan amount, term, interest rate and other details here https://johnhesch.com/pnb-vyapaar-loan-program-know-the-target-groups-loan-amount-term-interest-rate-and-other-details-here/ Thu, 28 Oct 2021 08:04:11 +0000 https://johnhesch.com/pnb-vyapaar-loan-program-know-the-target-groups-loan-amount-term-interest-rate-and-other-details-here/ zeenews.india.com understands that your privacy is important to you and we are committed to being transparent about the technologies we use. This Cookie Policy explains how and why cookies and other similar technologies may be stored on and accessed on your device when you use or visit zeenews.india.com websites that link to this policy (collectively, […]]]>

zeenews.india.com understands that your privacy is important to you and we are committed to being transparent about the technologies we use. This Cookie Policy explains how and why cookies and other similar technologies may be stored on and accessed on your device when you use or visit zeenews.india.com websites that link to this policy (collectively, “the Sites “). This cookie policy should be read in conjunction with our privacy policy.

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Utilities Commission Approves Request to Increase Loan Amount for White Rock Wastewater Treatment Plant – Los Alamos Reporter https://johnhesch.com/utilities-commission-approves-request-to-increase-loan-amount-for-white-rock-wastewater-treatment-plant-los-alamos-reporter/ Sat, 23 Oct 2021 01:29:57 +0000 https://johnhesch.com/utilities-commission-approves-request-to-increase-loan-amount-for-white-rock-wastewater-treatment-plant-los-alamos-reporter/ COUNTY PRESS RELEASE Los Alamos Public Service Council members voted unanimously to approve Order 712 at last Wednesday’s council meeting and forward it to County Council for consideration. If Council approves the order at its November 9 meeting, it will authorize the utility manager to request that the Department of Public Utilities loan amount from […]]]>

COUNTY PRESS RELEASE

Los Alamos Public Service Council members voted unanimously to approve Order 712 at last Wednesday’s council meeting and forward it to County Council for consideration. If Council approves the order at its November 9 meeting, it will authorize the utility manager to request that the Department of Public Utilities loan amount from the New Mexico Environment Department (NMED) be increased from $ 17 million to a maximum of $ 30 million for the construction of the Water Resources Recovery Facility (WRRF). This facility is proposed to replace the aging White Rock wastewater treatment plant.

Material and labor shortages, as well as supply chain delays related to the COVID-19 pandemic are causing significant cost overruns for all recent DPU projects and the water resource recovery facility project is no exception, according to DPU officials. Even after anticipating and preparing larger bids, the project bids received for the WRRF far exceeded the engineer’s estimate and ministry budget clearance.

While the results of the tender are still under review, the DPU project manager approached officials from the Office of Construction Programs at NMED, the State Department that administers the Revolving Fund loan. state for clean water, to assess options. Citing similar issues in other cities and counties across the state, NMED officials agreed to prepare a new ordinance to increase the loan amount to a maximum of $ 30 million while maintaining the original interest rate. at 2.38%.

“$ 30 million is the worst-case scenario for establishing adequate budgetary authority by ordinance and avoiding the delays associated with the future review of the ordinance,” said Philo Shelton, head of utilities. “The final loan amount will be based on the actual final costs for design and construction. “

Shelton says he realizes this is a huge increase in costs, but without budget clearance the bid committee will have to cancel the bids. “Frankly, I don’t see the price going down if we have to relaunch. Building a new facility will only get more expensive over time as wage rates are expected to increase on January 1, 2022. ”The proposed scope of the WRRF has already been reduced with designs that enhance and incorporate many components of the existing wastewater treatment plant in the new facility to minimize costs. “We are proposing to build a Chevrolet, not a Cadillac,” he said.

In order to provide a sound financial platform to build White Rock’s new WRRF, aggressive tariffs were adopted by BPU and Council during fiscal years 2015 to 2019 to compensate for decades of low sewer tariffs. Three years ago, the DPU recommended and the BPU and Council adopted a further three-year round of tariff increases of 6, 3 and 2% respectively. The increases were designed to gradually decrease each year to eventually cover inflationary costs only. Future rate increases to fund WRRF are based on design and construction costs of 2% per year over the next four years.

The BPU-approved order will be presented to the board on October 26 and reviewed at the virtual board meeting on November 9 at 6 p.m. via Zoom. If approved, DPU staff will work with NMED to modify and finalize loan documents. A closing date will be set 30 days later. Construction of the new facility could begin as early as January 2022 once the bidder has been selected and a contract awarded. The new White Rock WRRF would be operational in fall 2023.


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Mudra Yojana: MSMEs disbursed nearly 100% of sanctioned loan amount in first half of FY22, government data shows https://johnhesch.com/mudra-yojana-msmes-disbursed-nearly-100-of-sanctioned-loan-amount-in-first-half-of-fy22-government-data-shows/ Thu, 14 Oct 2021 05:39:00 +0000 https://johnhesch.com/mudra-yojana-msmes-disbursed-nearly-100-of-sanctioned-loan-amount-in-first-half-of-fy22-government-data-shows/ Out of Rs lakh 1.13 crore involved in sanctioned 2.03 crore loans, Rs 1.07 lakh crore loans were disbursed from April 1 to October 8. Credit and financing for MSMEs: Credit disbursements by public and private lenders, small finance banks, non-bank financial corporations and other credit institutions under the Mudra loan program amounted to 95% […]]]>
Out of Rs lakh 1.13 crore involved in sanctioned 2.03 crore loans, Rs 1.07 lakh crore loans were disbursed from April 1 to October 8.

Credit and financing for MSMEs: Credit disbursements by public and private lenders, small finance banks, non-bank financial corporations and other credit institutions under the Mudra loan program amounted to 95% of the amount sanctioned in the first half of the 2021-2022 fiscal year. , official data showed. The Pradhan Mantri Mudra Yojana (PMMY) Self-Employment and Entrepreneurship Promotion Program, launched by Prime Minister Narendra Modi in 2015, is dedicated to micro-enterprises, which are generally proprietary businesses at the bottom of the entrepreneurial pyramid, seeking loans up to Rs 10. lakh. The disbursement rate for the first quarter of fiscal 22 was 87 percent of the amount sanctioned.

Out of Rs 1.13 lakh crore involved in sanctioned 2.03 crore loans, Rs 1.07 lakh crore loans were disbursed from April 1 to October 8, according to provisional data on the program portal. The disbursement rate for the previous FY21, however, had fallen to 94.7 percent from 97.6 percent in FY20, which had increased slightly from 97 percent in FY19.

“While the loans are disbursing, but if you are really deep in the disbursement, the basic situation is that the majority of these borrowers are not the ones who really deserve it, but people who have been in the network or the circle. close to bank employees. From what I have studied, deserving borrowers find it difficult to get loans. This is the reason why a large number of Mudra loans will not be recovered. The intention behind the Mudra loan is not being met by the banks, ”Jacob Crasta, president of environmental test chamber maker CM Envirosystems and founder and director of the Indian MSME Alliance told Financial Express Online. The three-year-old Indian MSME Alliance was started by former MSME secretary Dinesh Rai.

Also Read: Udyam Portal: Here’s How Government Marks Exercises To Rank Business As MSMEs For Registration

The high rate of disbursements has grown in importance against a backdrop of growth in Mudra loans turning into non-performing assets due to the impact of Covid on the repayment capacity of borrowers. For example, gross NPAs for all lenders including public, private and small financial banks in Maharashtra increased to 22% at the end of June 2021 from 14.94% at the end of June of the year. last, The Indian Express reported last time. months citing bankers and data analysis of state-level bankers committees. Maharashtra’s outstanding Mudra loans amounted to Rs 24,850 crore, while the total NPA was worth Rs 5,521 crore.

“Because of Covid, even large and medium-sized businesses are struggling to repay their loans. The problem is acute in the case of Mudra loans intended for micro and small enterprises. NPA stress was expected even as banks were urged to deploy loans. So banks have to disburse loans under these programs anyway, while the government has to ensure that businesses have access to credit through banks, ”said DK Aggarwal, Chairman and CEO. from SMC Investments and Advisors to Financial Express Online.

Overall, the share of NPAs of public sector banks is estimated to have increased more than threefold at the end of June 2021 compared to FY20, according to the report citing Bankers. For the data available until the end of March 2021 for the Chhattisgarh, the NPAs were at Rs 442.56 crore or 9.8% of the disbursements amounting to Rs 4,518.01 crore at March 31, 2021, compared to the NPAs of Rs 320.12 crore or 12.55%. disbursements of Rs 2,551.24 crore as of March 31, 2020.

Subscribe now to the Financial Express PME newsletter:Your weekly dose of news, perspectives and updates from the world of micro, small and medium businesses

“While large businesses have the capacity to recover, micro businesses will take longer to recover from the impact of Covid in terms of revenue or revenue. As a result, loan repayments have been difficult for these borrowers and hence it is also difficult for banks to avoid NPA risk. There is a dilemma for banks as they have to continue to lend on the one hand and also control the resulting NPAs on the other. So banks are also responsible for defaults, ”a former banker at a public sector bank told Financial Express Online.

For the current fiscal year, a sanction target of Rs 3 lakh crore has been set for member credit institutions, Finance Minister Nirmala Sitharaman said in August this year in a statement. It is important to note that the amount sanctioned in the last three fiscal years has already exceeded the target for the current fiscal year – Rs 3.21 lakh crore sanctioned in FY19, Rs 3.37 lakh crore in FY20 and Rs 3.21 lakh crore in FY21. At the end of March 2021, more than 29.55 crore of Mudra loans amounting to Rs 15.52 lakh crore had been sanctioned since the launch of the program.

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IREDA disbursed the highest loan amount of Rs. 1,100 crore to a single promoter in one day https://johnhesch.com/ireda-disbursed-the-highest-loan-amount-of-rs-1100-crore-to-a-single-promoter-in-one-day/ Fri, 08 Oct 2021 15:18:23 +0000 https://johnhesch.com/ireda-disbursed-the-highest-loan-amount-of-rs-1100-crore-to-a-single-promoter-in-one-day/ It was also the highest one-day deal for Vector Green Energy, for which senior management of the Mumbai-based renewable energy producer visited IREDA’s head office today and expressed gratitude. at IREDA. New Delhi: Indian Renewable Energy Development Agency Ltd. (IREDA) recently disbursed a loan amount of Rs. 1,100 crore (approx.) To Vector Green Energy, setting […]]]>

It was also the highest one-day deal for Vector Green Energy, for which senior management of the Mumbai-based renewable energy producer visited IREDA’s head office today and expressed gratitude. at IREDA.

New Delhi: Indian Renewable Energy Development Agency Ltd. (IREDA) recently disbursed a loan amount of Rs. 1,100 crore (approx.) To Vector Green Energy, setting a record for the highest disbursement to a single group in one day. It was also the highest one-day deal for Vector Green Energy, for which senior management of the Mumbai-based renewable energy producer visited IREDA’s head office today and expressed gratitude. at IREDA.

On this occasion, Shri Aditya Aggarwal, CEO of Global Infrastructure Partners Singapore (parent company of Vector Green Energy), and Shri Chintan Shah, Director (Technical), IREDA joined the ceremony via a virtual platform. Shri TC Pattabiraman, CFO, Shri Karunesh Chaturvedi, VP (Corporate Affairs), and Shri Ankur Saboo, Head-Project Finance, Vector Green Energy met Shri Pradip Kumar Das, CMD, IREDA, and their team personally and expressed their gratitude to IREDA to complete the whole process in about 45 days for the sanction of the loan of Rs. 1382 crores.

Shri Aditya Agrawal, CEO of Global Infrastructure Partners Singapore, pointed out that IREDA has left the private sector behind in its speed of work and corporate governance. The loan disbursement of Rs. 1,100 Crores (approx) was made by IREDA for six Vector Green solar power projects.

Shri Pradip Kumar Das, CMD, IREDA congratulated the employees of the company who worked hard to archive this milestone. Shri Das stressed that this is a matter of pride for all IREDANs. He also said that “the company is grateful to Vector Green for making IREDA their first choice. The borrower preferred IREDA because of the speed of processing loan penalties until disbursement with transparency and the most competitive interest rate. This is a further step to increase the ease of doing business and move forward in the mission of 5 times growth in the next 5 years for IREDA. The company is grateful to each of its business partners for the trust they place in IREDA.

CMD, IREDA further stated that “IREDA disbursed a loan amount of Rs. 8,827 crore in fiscal year 2020-21, which is the second highest in the history of the company. We have every confidence that IREDA will set a new record in the current fiscal year by achieving the highest loan disbursement. “

The debt was raised by Vector Green under a unique financing structure with attractive terms and the structuring resulted in the rating improvement from A to AA. As a result, Vector Green’s entire operating portfolio is now rated AAA or AA non-recourse, a feat unique among independent renewable energy producers in India.

Publication date : 08-10-21


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AfDB to increase SL concessional loan amount to $ 1 billion next year https://johnhesch.com/afdb-to-increase-sl-concessional-loan-amount-to-1-billion-next-year/ Tue, 05 Oct 2021 07:00:00 +0000 https://johnhesch.com/afdb-to-increase-sl-concessional-loan-amount-to-1-billion-next-year/ The Managing Director of the Asian Development Bank (ADB) for the South Asia Department, Kenichi Yokoyama, assured President Gotabaya Rajapaksa that the ADB will support the promotion of small and medium enterprises (SMEs). The Asian Development Bank (AfDB) last year granted a concessional loan of $ 750 million for projects in Sri Lanka. Mr. Yokoyama […]]]>

The Managing Director of the Asian Development Bank (ADB) for the South Asia Department, Kenichi Yokoyama, assured President Gotabaya Rajapaksa that the ADB will support the promotion of small and medium enterprises (SMEs).

The Asian Development Bank (AfDB) last year granted a concessional loan of $ 750 million for projects in Sri Lanka. Mr. Yokoyama said the AfDB will take steps to increase this amount to $ 1 billion next year.

The Director General made the remarks when he met President Rajapaksa at the Presidential Secretariat today (05). Mr. Yokoyama further noted that the success of the COVID-19 vaccination campaign demonstrates Sri Lanka’s ability to overcome challenges.

The President stressed that the entire civil service and the health and safety sectors have worked together to make the vaccination program and the COVID eradication process a success. The government’s goal is to reduce the use of fossil fuels and move towards the use of renewable energy sources. A number of solar and wind energy production projects have been planned for this purpose. The government has also made the political decision to use organic fertilizers. The President also requested the intervention of Mr. Yokoyama to provide technical assistance for the production of organic fertilizers and nitrogen extraction.

The government’s objective is to raise the incomes and standard of living of those who represent 90% of the rural population who engage in agriculture. The President also stressed the need to increase forest cover through economically viable crops and requested assistance from the Asian Development Bank. (PMDNEWS)



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