Infrastructure Application Checklist: Project Finance Checklist

List Of Information / Documents

Common Checklist

Download Project Finance Application Checklist here

Application

  • Letter of application from the applicant (to state the loan amount applied and the purpose of financing).

Company And Management Profiles

  • Background of company including the brief history, commencement of business, principal activities, number of employees, business plan etc.
  • Latest shareholding structure.
  • Profile of Shareholders.
  • Profile of Board of Directors
  • Profile of Key Management Personnel.
  • Memorandum & Articles of Association (M&A).
  • Latest Forms 24, 49, 9, 13 and 44 under the Companies Act 1965, latest annual returns and photocopy of NRIC of Directors.
  • Detailed list of completed projects (where applicable).
  • Detailed list of on-going projects (where applicable).

Financial Information

  • Audited Account for the past three (3) years.
  • Draft Audited Account for current year (where applicable).
  • Latest Management Accounts.

Existing Banking Facilities

  • Details of existing bank borrowings, incorporating name of financial institution, facilities, salient term, securities and latest balance outstanding.
  • Copies of Loan Agreements/Letter Offer.
  • Collateral/Security Sharing Agreements.
  • Latest 6 months current account statements for all banks accounts.
  • Latest 6 months statements for all loan/hire purchase/lease accounts.

Other Documents

  • Full valuation report on project land / asset / machinery / equipment / second hand vessel (where applicable).
  • Details and status of the land and copy of land title (where applicable).
  • Declaration form (DFIA 2002, Section 28) to be signed by individual director/individual shareholder/guarantor in the presence of Commissioner of Oath.
  • Personal Networth Statement to be filled in by individual guarantor.
  • Statutory documents and information of corporate guarantors (where applicable)
  • Memorandum & Articles of Association, Latest Forms 24, 49, 9, 13 and 44 under the Companies Act 1965, latest annual returns and photocopy of NRIC of Directors.
  • Company and Management Profile.
  • Financial Information i.e Audited Accounts for the past three years and Latest Management Accounts
  • Existing banking facilities with other Financial Institutions.
  • Any other relevant information related to the proposal (company / securities / guarantor / project etc).

Specific Checklist

Project Financing

  • EPU / MOF or Other Relevant Approvals / Support Letters.
  • Environmental Impact Assessment (“EIA”) Report / DOE Approval.
  • Relevant licenses.
  • Project Description.
  • Project Implementation Schedule.
  • Market, Technical and Financial Aspects.
  • Project Feasibility Study, incorporating (where applicable).
  • Background of Contractors / Consultants / Suppliers.
  • Appraisal of Project Sponsors.
  • Appraisal of Company Business.
  • Comments on Industry and Competitive Environment.
  • Appraisal of Agreements, Contracts and Permits.
  • Comments on Capital Expenditure Plans.
  • Assessment of Proposed Financing Structure.
  • Comments on Performance To-date.
  • Projected Financial Performance: Profit & Loss / Cash Flow / Balance Sheet / Underlying Assumptions.
  • Risk Analysis and Mitigation Measures.
  • Market / Demand Studies.
  • Experience of Construction / Civil Works / Supply Contractors.
  • Project Documents (where applicable).
  • Construction Contracts.
  • Civil works Contracts.
  • Supply Contracts.
  • Concession / Privatisation / Development Agreements.
  • Offtake Agreements.
  • Shareholders / Joint Venture Agreements.
  • Project Management Agreements.
  • Operations and Maintenance Agreements.