JAKARTA. PT Multi Medika Internasional Tbk (MMIX), a distributor and manufacturer of health devices and equipment, has secured a credit facility from PT Bank Aladin Syariah Tbk (BANK) with ceiling set to IDR 80 billion.

Mengky Mangarek, President Director of MMIX, said that the facility given by BANK is in the form of Line Facility Al-Musyarakah Revolving. The profit-sharing rate applied by BANK for this credit facility is equal to 12% per annum.

MMIX will utilise said credit facility as working capital. The withdrawal portion set by BANK is a maximum of 80% of purchase order or invoice.

The tenor of this credit facility is 12 months, starting from the date of the agreement signing.

According to IDNFinancials data, MMIX only had cash and cash equivalent of IDR 9.68 billion as of March 31, 2024. Meanwhile, total assets clocked up to IDR 369.12 billion, while total equity reached IDR 177.74 billion.

Previously, in January, MMIX also secured a loan facility worth IDR 59 billion from BANK. This credit facility is allocated for refinancing assets, in the form of land, which will be leased back by the company. (KR/ZH)