There is no standard application form for Finnfund financing. The basis of our appraisal is our client's project plan. We are very flexible in its format; the following check list is indicative of the details we will examine as part of our appraisal.
We encourage prospective clients to contact us early, preferably prior to developing complete project plans.
GENERAL INFORMATION
Project sponsors and partners
- Financial information (annual reports from the past 3 years)
- Contact information
- Corporate strategy and the project's role in it
- Sponsors' and partners' experience and references in the sector, industry and international markets
- Roles and responsibilities of the partners
PROJECT INFORMATION
Executive Summary / Project Overview
Markets
- Market analysis
- Competitor analysis (local/ international, comparative and competitive advantages of the project)
- Marketing strategy, including sales plans for local / export markets
Technology arrangements, infrastructure
- Construction arrangements
- Partners' technology inputs
- Technology transfer
- Production process
- Project location, available infrastructure, logistics, environment and present use of the project location/land - communities located nearby
Raw material and component sourcing
- Intended sources of raw materials and other supplies
- Alternative sources
Environment and social impact
- Environmental and social management, policies and strategies
- Environmental and social risks of the project
- Applicable environmental regulation, permits required
- Monitoring
- Studies performed/to be performed
Organisation, management, training
- Proposed organisational and management structure
- Personnel
- Training
- Subcontracting arrangements
- Labour and HR policies and management
Project implementation-
- Schedule for project implementation
- Partners' responsibilities in implementation
Investment plan
- Estimated costs (i.e. land, buildings, machinery and equipment, transport and insurance, installation, training, working capital needs)
Financing plan
- Financing plan, sources of financing (local/international institutions, long/short-term funds)
- Proposal for Finnfund's participation (equity and/or loan)
Financial projections
- Estimated cash flows, income statements, balance sheets for at least five years
- Estimated profitability and key financial ratios
Risk analysis
- Critical factors affecting the project (with regard to i.e. technology and production, markets and sales, personnel etc.)
- Strengths and weaknesses of the investment
Legal and contractual arrangements
- Necessary project agreements (such as supply of know-how, equipment and materials; concession agreements if needed, etc.)
- List of permits, licences, registrations required
- Legislation affecting corporate structure, financing arrangements, etc.
- Land ownership legislation/rights
Supporting documentation where available (such as (pre-)feasibility studies, market surveys, lists of equipment, or information on comparable projects)
