UTANG BANK lanjutan BANK LOANS continued UTANG BANK lanjutan BANK LOANS continued

PT SELAMAT SEMPURNA Tbk. Laporan Tahunan 2014 164 PT SELAMAT SEMPURNA Tbk. Annual Report 2014 165 The consolidated financial statements included herein are in the Indonesian language. PT SELAMAT SEMPURNA Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2014 dan untuk tahun yang berakhir pada tanggal tersebut Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain PT SELAMAT SEMPURNA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 13. UTANG BANK lanjutan 13. BANK LOANS continued PT Bank Mandiri Persero Tbk Bank Mandiri lanjutan PT Bank Mandiri Persero Tbk Bank Mandiri continued Entitas anak - PT Panata Jaya Mandiri PJM lanjutan Subsidiary - PT Panata Jaya Mandiri PJM continued Pinjaman ini dijamin dengan piutang usaha, persediaan dan sertifikat Hak Guna Bangunan beserta bangunan pabrik, prasarana, mesin dan peralatan milik PJM dengan penyerahan hak secara fidusia Catatan 6, 7 dan 11. These loans were secured by PJM’s trade receivables, inventories, landrights, building and improvements, machineries and equipment through fiduciary transfer of proprietary right Notes 6, 7 and 11. Berdasarkan perjanjian pinjaman, PJM harus menjaga rasio keuangan berikut: Under these loan agreements, PJM was obliged to maintain financial ratios as follows: • current ratio minimal 150 • current ratio at least 150 • debt to equity ratio 100 atau dibawahnya • debt to equity ratio 100 or below Pada tanggal 31 Desember 2014 dan 2013, PJM telah memenuhi semua rasio keuangan sebagaimana tercantum dalam perjanjian. As of December 31, 2014 and 2013, PJM has complied with the financial ratios required as stated in the loan agreement. Berdasarkan perjanjian pinjaman tersebut, tanpa persetujuan tertulis terlebih dahulu dari Bank Mandiri, PJM tidak diperkenankan melakukan hal- hal sebagai berikut, antara lain menjadi penjamin terhadap pihak ketiga, membagikan dividen, menjaminkan perusahaannya terhadap pihak lain, mengubah anggaran dasar, susunan pengurus dan melakukan merger dan akuisisi. Based on these loan agreements, without prior written approval from Bank Mandiri, PJM shall not, among others, act as guarantor of third party, distribute dividends, collateralize the Company to other party, change the Articles of Association, change the managements and enter into merger and acquisition. Kecuali setelah dilakukan hal-hal tersebut di atas, PJM dapat memenuhi rasio keuangan, maka Perusahaan hanya wajib memberitahukan kepada Bank Mandiri. If, however, after conducting any of the above transactions, PJM is able to maintain the financial ratios within the limits set, then PJM is only obliged to notify Bank Mandiri. PJM telah memberitahukan secara tertulis kepada Bank Mandiri mengenai pembayaran dividen tunai yang dilakukan pada tahun 2014 dan 2013. PJM notified Bank Mandiri in writing regarding the payment of cash dividends in 2014 and 2013. Entitas anak - PT Hydraxle Perkasa HP Subsidiary - PT Hydraxle Perkasa HP Berdasarkan Perjanjian Kredit Modal Kerja tanggal 10 Agustus 2005 dan telah diubah dengan Perjanjian Perpanjangan Kredit pada tanggal 23 Agustus 2011, HP memperoleh fasilitas Kredit Modal Kerja Rekening Koran dalam Rupiah dari PT Bank Mandiri yang bersifat revolving sebesar Rp50.000. Berdasarkan Perjanjian Perpanjangan Kredit pada tanggal 1 November 2012, fasilitas Kredit Modal Kerja Rekening Koran tersebut telah diubah sehingga terbagi menjadi KMK I dan KMK II, dengan jumlah fasilitas maksimal masing-masing sebesar Rp20.000. Based on Working Capital Loan Agreement dated August 10, 2005, which has been amended based on Loan Extension Agreement dated August 23, 2011, HP obtained the revolving working capital loan facility in Rupiah currency from Bank Mandiri amounted to Rp50,000. Based on the Loan Extension Agreement dated November 1, 2012, those Working Capital Loan facility was changed and to become KMK I and KMK II with maximum facility amounted to Rp20,000, respectively. The consolidated financial statements included herein are in the Indonesian language. PT SELAMAT SEMPURNA Tbk • • • • • • PT SELAMAT SEMPURNA Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2014 dan untuk tahun yang berakhir pada tanggal tersebut Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain PT SELAMAT SEMPURNA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 68 13. UTANG BANK lanjutan 13. BANK LOANS continued PT Bank Mandiri Persero Tbk Bank Mandiri lanjutan PT Bank Mandiri Persero Tbk Bank Mandiri continued Entitas anak - PT Hydraxle Perkasa HP lanjutan Subsidiary - PT Hydraxle Perkasa HP continued Selanjutnya, berdasarkan Perjanjian Perpanjangan Kredit pada tanggal 10 September 2013, fasilitas tersebut telah diubah menjadi fasilitas Kredit Modal Kerja Rekening Koran dalam Rupiah yang bersifat revolving sebesar Rp20.000. Furthermore, based on the Loan Extension Agreement dated September 10, 2013, those facility was changed to the revolving working capital loan facility in Rupiah currency amounted to Rp20,000. Selanjutnya, berdasarkan Addendum Perjanjian Kredit Modal Kerja tanggal 10 September 2014, Bank Mandiri menyetujui perubahan limit fasilitas kredit modal kerja yang semula maksimum sebesar Rp20.000, menjadi maksimum sebesar Rp5.000. Furthermore, based on the Addendum of Working Capital Loan Agreement dated September 10, 2014, Bank Mandiri agreed to change the limit of working capital loan facility from maximum amount of Rp20,000 to become maximum facility amounted to Rp5,000. Fasilitas pinjaman tersebut telah diperpanjang sampai dengan tanggal 11 September 2015. Fasilitas pinjaman tersebut dikenakan tingkat suku bunga tahunan sebesar 11,5 dan 10,25 masing-masing pada tahun 2014 dan 2013. The loan facilities have been extended until September 11, 2015. These facilities bear annual interest rate of 11.5 and 10.25 in 2014 and 2013, respectively. Pada tanggal-tanggal 31 Desember 2014 dan 2013 dan 1 Januari 201331 Desember 2012 HP belum menggunakan fasilitas tersebut. As of December 31, 2014 and 2013 and January 1, 2013December 31, 2012 HP has not used this loan facility. Berdasarkan perjanjian pinjaman, HP harus menjaga rasio keuangan berikut: Under these loan agreements, HP was obliged to maintain financial ratios as follows: • current ratio minimal 110 • current ratio at least 110 • debt to equity ratio maksimal 200 atau dibawahnya • debt to equity ratio at 200 or below • rata-rata saldo penggunan minimal 70 dari limit kredit • average of outstanding balance minimum 70 of credit limit Pada tanggal 31 Desember 2014 dan 2013, HP telah memenuhi semua rasio keuangan sebagaimana tercantum dalam perjanjian. As of December 31, 2014 and 2013, HP has complied with the financial ratios required as stated in the loan agreement. Berdasarkan perjanjian pinjaman tersebut, tanpa persetujuan tertulis terlebih dahulu dari Bank Mandiri, HP tidak boleh melakukan hal-hal sebagai berikut, antara lain mengubah anggaran dasar, susunan pengurus dan melakukan merger dan akuisisi. Based on these loan agreements, without prior written approval from Bank Mandiri, HP shall not, among others, change the Articles of Association, change the managements and enter into merger and acquisition. Kecuali setelah dilakukan hal-hal tersebut di atas, HP dapat memenuhi rasio keuangan, maka HP hanya wajib memberitahukan kepada Bank Mandiri. If, however, after conducting any of the above transactions, HP is able to maintain the financial ratios within the limits set, then HP is only obliged to notify Bank Mandiri. HP telah memberitahukan secara tertulis kepada Bank Mandiri mengenai pembayaran dividen tunai yang dilakukan pada tahun 2014 dan 2013. HP notified Bank Mandiri in writing regarding the payment of cash dividends in 2014 and 2013. PT SELAMAT SEMPURNA Tbk. Laporan Tahunan 2014 166 PT SELAMAT SEMPURNA Tbk. Annual Report 2014 167 The consolidated financial statements included herein are in the Indonesian language. PT SELAMAT SEMPURNA Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2014 dan untuk tahun yang berakhir pada tanggal tersebut Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain PT SELAMAT SEMPURNA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 13. UTANG BANK lanjutan 13. BANK LOANS continued