[Financial Lease,Loan,Def.Paymen]
Financial Lease/Loan/Deferred Payments Approval Timeline
Schedule of Financial Lease/Loan/Deferred Payment）
プロセス (Process) No. | 作業内容(Details) | 対応担当 (In Charge) | 所要期間 (Time) | 申請機関 (Concern Authority) | 備考(Memo) | 1st month | 2nd month | 3rd month | 4th month | 5th month | 6th month | 7th month
TCF | Client | 1 | 2 | 3 | 4 | 1 | 2 | 3 | 4 | 1 | 2 | 3 | 4 | 1 | 2 | 3 | 4 | 1 | 2 | 3 | 4 | 1 | 2 | 3 | 4 | 1 | 2 | 3 | 4
Financial Lease/Loan/Deferred Payment:
1 | Financial Lease/Loan/Deferred Payment information fill-up
1.1 | Credential of the Sponsors/Directors. | ー | ○ | 1 week | N/A | ※Bio Data of all Directors
1.2 | Clearance Certificate/NOC from Directorate of Environment (if applicable). | ー | ○ | 1 week | Directorate of Environment
1.3 | Certificate of Incorporation and Certificate of Commencements from RJSC, Bangladesh. | ー | ○ | 1 week | 商業登記所(RJSC: Joint Stock Companies and Firms)
1.4 | Memorandum & Articles of Association (Certified copy). | ー | ○ | 1 week | 商業登記所(RJSC: Joint Stock Companies and Firms)
1.5 | Form-X, Form-XII and Form-XV from RJSC as a proof of authorized capital, paid up capital, shareholding structure, etc. Please note that the paid up capital should be at least 30% of authorized capital. | ー | ○ | 1 week | 商業登記所(RJSC: Joint Stock Companies and Firms)
1.6 | Term Sheet/Loan Agreement/Supply Agreement between the parties. | ー | ○ | 1 week | N/A
1.7 | Board's Resolution related to the proposed loan/deferred payment. | ○ | ○ | 1 week | N/A | ※Extract BOD resolution.
1.8 | Last Year Audited Balance Sheet. Please be informed that existing debt-equity ratio based on Audited Balance Sheet (including proposed amount) should be at least 70:30. | ー | ○ | 1 week | N/A
1.9 | List of Loan/ List of Machinery | ー | ○ | 1 week | N/A
1.10 | List of Information of all Directors | ー | ○ | 1 week | N/A
1.11 | Up-to-date financial analysis in details which includes: *Internal Rate of Return (IRR), *Break-Even Analysis, *Payback Period, *Debt-Equity ratio of the project, *Debt Service Coverage Ratio (DSCR) analysis for both Base case and Sensitivity cases (5% increase in cost of production, 5% decrease in sales, etc.) with all others. | ○ | ー | 2 weeks | N/A | ※This process can be start after getting audited financial statement of last year.
1.12 | Latest registration (full set) from Bangladesh Investment Development Authority (BIDA) with the inclusion of proposed loan/deferred payment maintaining debt-equity ratio of at least 70:30. | ○ | ー | 2 weeks | 投資庁 (BIDA：Bangladesh Investment Development Authority)
1.13 | The utilization certificate from nominated bank containing the justification of the estimated price/quotation of the capital machineries, spare parts, etc.(Summary of the capital machineries (imported or to be imported) for the purpose of the proposed loan/deferred payment) submitted by the borrower in comparison with the latest market price with supporting documents (for example: Proforma Invoice, Bill of Lading, L/C copy, etc.). | ー | ○ | 3 weeks | Bangladesh Bank (BB)
1.14 | Track record of the past foreign loans/deferred payments (if any) with approval letter and bank certificate of all transactions, utilizations and outstanding. | ー | ○ | 3 weeks | Bangladesh Bank (BB)
1.15 | CIB certificate of the company and its Sponsors/Directors from the nominated bank. The CIB certificate will clearly specify the recent date of searching CIB online and the status in general. | ー | ○ | 3 weeks | Bangladesh Bank (BB)
1.16 | Relevant CIB enquiry forms (Enquiry Form-1& 2) and under taking from Sponsors/Directors duly filled in for collection of up-to-date CIB report from Bangladesh Bank. | ー | ○ | 3 weeks | Bangladesh Bank (BB)
1.17 | Up-to-date feasibility report in details. | ○ | ー | 4 weeks | N/A
1.18 | Up-to-date Credit Rating Report of the company. | ○ | ー | 4 weeks | Securities and Exchange Commission
1.19 | Application to Bangladesh Bank, Checking by BB, Proceed for Meeting and Approval of Permission | ○ | ー | 6 weeks ~ | Bangladesh Bank Desk in BIDA：Bangladesh Investment Development Authority) | ※This process can be start after getting all documents as below from serial 1.2 to 1.17.
Above schedule may be extended as per Bangladesh authority
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[Documents list as per BB]
The Checklist for Foreign Loan or deferred facility/Supplier’s Credit.:
a) | Application form duly filled in.
b) | Certificate of Incorporation and Certificate of Commencements from RJSC, Bangladesh.
c) | Memorandum & Articles of Association (Certified copy).
d) | Form-X, Form-XII and Form-XV from RJSC as a proof of authorized capital, paid up capital, shareholding structure, etc. Please note that the paid up capital should be at least 30% of authorized capital.
e) | Latest registration (full set) from Bangladesh Investment Development Authority (BIDA) with the inclusion of proposed loan/deferred payment maintaining debt-equity ratio of at least 70:30.
f) | Term Sheet/Loan Agreement/Supply Agreement between the parties.
g) | Board's Resolution related to the proposed loan/deferred payment.
h) | Up-to-date feasibility report in details.
i) | Up-to-date financial analysis in details which includes Internal Rate of Return (IRR), Break-Even Analysis, Payback Period, Debt-Equity ratio of the project, Debt Service Coverage Ratio (DSCR) analysis for both Base case and Sensitivity cases (5% increase in cost of production, 5% decrease in sales, etc.) with all others.
j) | Last Year Audited Balance Sheet. Please be informed that existing debt-equity ratio based on Audited Balance Sheet (including proposed amount) should be at least 70:30.
k) | Up-to-date Credit Rating Report of the company.
l) | The utilization certificate from nominated bank containing the justification of the estimated price/quotation of the capital machineries, spare parts, etc.(Summary of the capital machineries (imported or to be imported) for the purpose of the proposed loan/deferred payment) submitted by the borrower in comparison with the latest market price with supporting documents (for example: Proforma Invoice, Bill of Lading, L/C copy, etc.).
m) | Track record of the past foreign loans/deferred payments (if any) with approval letter and bank certificate of all transactions, utilizations and outstanding.
n) | CIB certificate of the company and its Sponsors/Directors from the nominated bank. The CIB certificate will clearly specify the recent date of searching CIB online and the status in general.
o) | Relevant CIB enquiry forms (Enquiry Form-1& 2) and under taking from Sponsors/Directors duly filled in for collection of up-to-date CIB report from Bangladesh Bank.
p) | Credential of the Sponsors/Directors.
q) | Clearance Certificate/NOC from Directorate of Environment.
Note: | For entities in EPZ area, documents list is more or less same. But NOC from BEPZA is required after getting the permission from BB.