application for long-term loan or guarantee - Export-Import Bank of ...

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OMB No. 3048-0013Expires 4-30-2010LONG-TERM LOAN OR GUARANTEE APPLICATIONATTACHMENT F: Project and Structured Financec. Technical. (3 Copies)P Project technology must be proven andreliable, and licensing arrangements mustbe contractually secured for a periodextending beyond the term of the Ex-ImBank financing.P A technical feasibility study or sufficientlydetailed engineering information needs to beprovided to demonstrate technical feasibilityof the project.Information Required1. Technical description and a process flowdiagram for each project facility.2. Detailed estimate of operating costs.3. Arrangement for supply of raw materialsand utilities.4. Draft turnkey construction contract anddescription of sources of possible costincreases and delays during construction,including detailed description of liquidateddamage provisions and performance bondrequirements.5. Project implementation schedule, showingtarget dates for achieving essential projectmilestones.6. A site-specific environmental assessment,highlighting concerns, requirements andsolutions. The information to be providedshould demonstrate compliance with Ex-ImBank’s environmental guidelines.d. Host Country Legal/Regulatory Framework and Government Role. ( 5 Copies)DefinitionP Host government commitment toproceeding with the project needs tobe demonstrated. 1.P Legal and regulatory analysis needs todemonstrate that the country conditionsand the project structure are sufficient tosupport long-term debt exposure for theproject through enforceable contractual 2.relationships.P Ex-Im Bank’s relationship with the hostgovernment will be addressed on a caseby-casebasis.Information RequiredA description of the host government’s role inthe project, and progress made toward obtainingessential government commitments, includingauthorizations from appropriate governmententities to proceed with the project.A definition of the control, if any, that thegovernment will have in the management andoperation of the project, and status of anyassurances that the government will notinterfere in the project’s operation. If thegovernment is also a project sponsor, theseissues will be of particular importance.3. Evidence of the government’s current andhistorical commitment and policies foravailability and convertibility of foreigncurrency.4. Status and strategy for obtaininggovernment undertakings to support anygovernment parties involved in the project,to the extent that such undertakings areneeded to provide adequate credit supportfor such entities.II. Structured Finance.“Structured” transactions will have an established corporation as a borrower but may rely upon sources of collateral or security inaddition to the corporation’s balance sheet. The information required for structured finance applications is the same as that requested in“Attachment G” plus any additional data describing the proposed structure and security package.If you have questions about this attachment, please contact the Structured Finance Division(Telephone: 202-565-3690 or Fax: 202-565-3695).EIB Form 95-10 (attachment F)Revised 1/07
OMB No. 3048 0013Expires 4-30-2010LONG-TERM LOAN OR GUARANTEE APPLICATION ATTACHMENT G: Credit Information This attachment applies to all Long-Term Loan or Guarantee Applications, except for Large Aircraft and ProjectFinance Transactions. Provide the General Information and Supplemental Financial Information requested below(as applicable) on the borrower and, if any, guarantor. If any items are not available, provide an explanation.Following Ex-Im Bank’s initial review of the application, an Ex-Im Bank Credit Officer may request additionalcredit information.In the event that the borrower lacks sufficient credit strength in terms of asset size, operating history or cash flows toprovide a reasonable assurance of repayment, an Ex-Im Bank Credit Officer will contact you to discuss whether“Structured Finance” credit enhancements are appropriate. Such enhancements may include one or more of thefollowing:- Special purpose accounts, including offshore payment accounts, escrow or reserve accounts, orother accounts that would be subject to Ex-Im Bank’s control.- Covenants and default provisions such as financial ratio or debt service coverage requirements thatwould, if violated, prevent payment of dividends to the company owners.- Insurance requirements that might be more strict than those typically applicable under corporateinsurance policies.- Letters of credit or other sources of funds that would be pledged by the sponsor to Ex-Im Bankthrough a bank or other third party.GENERAL INFORMATION1. Company description and ownership. Provide a concise description of company origin, legal status,facilities, business activities (and any major changes during the last three years), and primary market(s). Describethe principal customer base (e.g., manufacturers, wholesalers) and provide the percentage of domestic versus exportsales and the amount of sales to each major export market. Provide the name and address of each owner of at least10% of company shares and his/her ownership percent.2. Related party information. Provide the names and description of subsidiaries, affiliates and commonlyowned companies. Indicate which, if any, of these related parties account for more than 25% of the borrower’s salesor purchases during the last fiscal year.3. References.a. Bank references. Provide a creditor bank reference prepared within six months of the application date. Abank reference is not required for sovereign or political risk transactions. Report should include bankname, address, length of relationship, amount, currency, terms of secured and unsecured credit andrepayment experience.b. Credit Report: Provide a credit report (such as D and B) prepared within six months of the applicationdate. Not required for sovereign or financial institution transactions.4. Financial Statements. Provide independently audited balance sheets, income statements and cash flowstatements, in English, for the last three fiscal years. Include the auditor’s notes to the financial statements. If themost recent fiscal year ended more than nine months prior to the application date, provide interim statements. Wheninterim statements are provided, also provide interim statements for the same period of the previous year (forcomparative purposes). If there are substantial related party transactions as described in #2, the financial statementsmust adequately disclose the consolidated financial condition of the borrower/guarantor and the named relatedparties. Financial statements are not required for sovereign or political risk transactions.5. Financial projections. Provide projected annual income statement, balance sheet and cash flow forecastsfor the period of the Ex-Im Bank financing, accompanied by supporting assumptions. Projections are not required ifthe borrower or guarantor is a financial institution, or for sovereign or political risk transactions.1
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