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21.01.201 2
The company “ EUROPEAN BUSINESS CREDITS
Ltd " (Great Britain), offers crediting the
companies of Russia, Ukraine, Kazakhstan,
Turkmenistan, Armenia and other countries
CIS due to resources of foreign banks under
guarantees
ЭКА
.
Company EUROPEAN BUSINESS CREDITS Ltd has
an opportunity to involve long-term (till
8,5 years) the export credit from foreign
bank in size up to 85 % from cost of the
contract which is subject to financing. 15 %
from cost of the contract in the form
pre-payment are paid by the
domestic importer due to own means.
.
The credit is given as not renewed demand
line of credit for for financing the
contracts on delivery of industrial and
other equipment approved by foreign bank,
finishing materials, civil work and services
from the country of the Exporter.
.
The current value of
interest rate CIRR can be looked here--->
CIRR
- Commercial Interest Reference Rate
http://www.oecd.org/dataoecd/15/47/39085836.pdf
http://www.oecd.org/searchResult/0,3400,en_2649_201185_1_1_1_1_1,00.html
.
Euro*
.
15-03-2010
14-04-2010
<= 5 years
- 2.77 %
> 5 to 8.5 years
- 3.53 %
> 8.5 years
- 4.09 %
To the given interest rate 0,2 % the
premium for fixing are added. The interest
rate cannot be fixed for the period more
than 120 days.
.
Due to a temporary interruption of
dataflows from Eurostat, the CIRR
calculation will be made on the basis of an
alternative data series which are based on a
broader selection of government bonds than
indicated on the EC web-pages.
General Inquiries: Tel. (33145248911 -
Fax. (33144306158 • e-mail:
xcred.secretariat@oecd.or
.
To attention of a
management of
the companies.
.
Your company successfully develops, has
no duties and you want to leave on a new
level of business?
You have developed the investment project
in cost not less than 30-40 million. Euro?
The long-term low-percentage foreign
credit is necessary for financing the
investment project for you?
Then you can quite apply for use of
credits of export credit agencies.
The traditional circuit of attraction of
financial assets with participation
ЭКА:.
.
(Action 1) the Enterprise which wants to
receive the long-term credit for purchase of
the equipment and performance of the
investment project as a whole, should
develop the competent business - plan with
the instruction{indication} of kinds of
production made on the new equipment, times
of recovery of outlay of the equipment and
return of the credit
т.
д.
The special attention is necessary for
giving development cash-flow, clearly
showing as the income due to which the
enterprise will repay the credit will be
formed.
.
(Action 2). The enterprise carries
out{spends} audit of the accounting
reporting for last 3 years. Auditors assure
balances of the enterprise with a mark of
tax body.
.
(Action 3). The enterprise directs the
offer to address of our company about
consulting support of the investment project
with statement of a problem{task} on
selection of the foreign company -
генподрядчика of the
project, search of bank of the creditor and
the decision of a question on allocation of
the export or design credit at a rate of
85-80 % from cost of the project.
.
(Action 4). Company EUROPEAN BUSINESS
CREDITS Ltd. Carries out{spends} the
analysis of the submitted documents and
exploratory talk with potential
генподрядчиком
and the
creditor about their participation in the
investment project of the enterprise then
between the enterprise and our company the
corresponding contract subscribes.
.
(Action 5). After signing the contract
company EUROPEAN BUSINESS CREDITS Ltd
transfers a package of documents
генподрядчику
and to the creditor, carries
out negotiations and preparation of the base
contract
генподряда
between the enterprise -
customer and foreign
генподрядчиком.
.
(Action 6).
Генподрядчик
and the enterprise - customer
paraph the contract
генподряда
which is transferred in the
bank - creditor.
.
(Action 7)
.После
the careful analysis of the
contract -
генподряда,
the accounting reporting of the enterprise
for last three year, the business - plan and
Cash-Flow, experts of bank make a decision
on an opportunity of financing of the
project due to the credit, and the state
insurance company about an opportunity and
conditions of insurance of the credit. As a
rule, significant time as experts of bank
and the insurance company should imagine
clearly is spent for carrying out of such
analysis, due to what resources the
enterprise will repay the credit. Besides
the bank carries out independent Due
Diligence activity of the enterprise,
his{its} financial condition and position in
the market, and also all investment project
and his{its} recoupment submitted in the
business - plan. (In more detail about Due
Diligence see at the end of page)
.
(Action 8). The exporter in turn declares
interest in the given project for what also
addresses in export credit agency. When
check of the investment project is carried
out for his{its} unconditional recoupment
and the enterprise - importer about his{its}
financial - industrial stability, positive
decisions of bank of the exporter, and
national export agency are received, credit
agreements between bank of the exporter and
the enterprise - importer consist.
.
(Action 8) the National export agency
(the state insurance company) insures the
credit contract between bank of the exporter
and the enterprise -
импортером-заемщиком
therefore risks of the western bank become
covered by the insurance.
.
(Action 9.) As a rule, 85 % of cost of
the contract cover export credit agencies.
For coming into force of the circuit it is
necessary for Russian importer to make
advance payment on the staying 15 %. After
that the bank of the exporter begins
stage-by-stage payment of the contract
генподряда-генпоставки
between the
enterprise - importer and the
генподрядчиком-exporter.
.
(Action 10.) the
Генподрядчик-exporter,
through the branch in Russia (in Ukraine or
other country of the former USSR) carries
out civil and erection works, delivery and
installation of equipment (countries -
manufacturers of the equipment can be the
most various, depending on technologies to
which the Customer has preferred), start of
the project "on a turn-key basis". Thus the
companies of the country of realization of
the project are involved in civil and
erection works as subcontractors, the
equipment and materials on a place can be
bought.
.
(Action 11.) In 6 months after start of
new manufacture, the enterprise - borrower
begins return of "body" of the credit due to
realization of let out{of released}
production. Thus it is necessary to take
into account, that it is necessary to pay
percent{interests} for use of the credit in
process of reception of credit resources.
The delay on payment of percent{interests}
is impossible. The enterprise should have an
opportunity of repayment of
percent{interests} due to incomes of own
activity (and such opportunity will be
rechecked by bank before decision-making on
granting the credit).
.
WHAT IS DUE DILIGENCE?
Crediting of legal persons due to
resources of foreign banks under guarantees
ЭКА
(the General{Common} rules)
The credit is given as not renewed demand
line of credit. The credit is given only for
for financing the contracts on delivery of
industrial and other equipment approved by
foreign bank, finishing materials, civil
work and services from the country of the
Exporter.
Export credit agency
(ЭКА)
of the country of the
Exporter insures the following risks:
· the foreign supplier (exporter) - risk
of non receipt of money under the contract;
· foreign bank - risk not return by the
importer of the given credit.
Obligations of the importer
-
are provided with a
comprehensible pledge.
1. Advantages
1. Low credit rates (on the average 3,8 -
5,23 % annual) - the effective credit rate
in view of all expenses on reception of the
credit no more than 7-8 %;
2. Term of the credit - till 8,5 years;
3. An opportunity of realization of
investment projects with construction of
shops / factories and delivery of the
equipment from Europe and the USA;
4. An opportunity of reception by the
company - importer of a credit rating in
foreign bank.
2. Requirements to the company - importer
To receive the credit presence of the
following conditions is necessary:
The importer should be the legal person
and the resident of the countries SN.i to
act the market not less than 3 years
(presence of own money resources is
necessary at a rate of 15 % from cost of the
investment project). In case of the
reference{manipulation} behind the credit of
again created company, the advance payment
under the export contract will make not less
than 30 %.
The project should be directed on
construction of capacities of your
enterprise, purchase of technics{technical
equipment} or the equipment from the country
OESD with which financial establishments our
company cooperates, and is proved in the
business - plan by the Importer.
The importer should conclude the Contract
(draft contract) with the company - exporter
on purchase of means of production and civil
work concerning to them and services with
performance of functions of the general
supplier / contractor under the investment
project.
The importer should give maintenance,
sufficient for delivery of the credit (the
requirement to maintenance
-
standard for design
financing).
3. Documents which it is necessary to
give in bank at the primary
reference{manipulation}
1. The charter and Constituent documents.
4. Balance of the enterprise, with a mark
of tax inspection and the auditor conclusion
For last 3 years.
5. The report on financial results and
their use.
6. The schedule of expected receipts of
monetary proceeds and charges of the
enterprises.
7. The business - plan (the feasibility
report on use of proceeds of credit.
8. The contract (draft contract).
9. The questionnaire of the client (it is
filled at the first
reference{manipulation}).
10. The application.
4. Maintenance (pledge)
As a pledge under the credit in a various
combination can act:
q a pledge of the ground area and created
on it{him} due to the credit objects and got
The equipment within the framework of the
investment project.
q movable or real estate of the borrower;
q a pledge of a control or blocking share
holding of the financed company;
q financial actives of the borrower;
q guarantees of the first class banks;
q the financial (property) guarantee of
the third parties;
The company
“ EUROPEAN BUSINESS
CREDITS Ltd "
is capable to help to
the clients with use of various non-standard
circuits of realization of investment
projects that reduces charges, essentially
reduces terms of reception of the credit and
realization of projects as a whole.
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