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Appendix I
Outline of information required for financial institution
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Bundle of information you should plan on submitting to financial institutions include the followings:
A. Business Plans
| 1. |
Introduction
Purpose and amount of financing needed. How would you use the funds? |
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2. |
How much do you need to borrow and what will you do with it ?
Is your borrowing for capital investment or meeting your working capital requirement?
Have you prepared a financial projection in support of your borrowing requirement?
Does the financial projection indicate that the borrowing would lead to an improved financial performance?
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3. |
Company description
What is the business?
What are the products/services?
Where is the manufacturing operations and what is the current stage of development of the production base?
Who are customers?
What is the uniqueness of the business, i.e. any patent, proprietary technology and etc? In other words, how do you survive in the market?
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4. |
Market analysis and description
What is the targeted industry and its outlook in the next 12 months?
Who are the competitors and what are their comparative market positions?
What is the regulatory environment in Hong Kong and customers' countries, if products are for exports?
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5. |
Description of current management
Who are the key managers of the company?
Describe their working experience, and academic background and accomplishments.
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6. |
What is the development plans in the next 12 months?
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7. |
Conclusion |
B. Current financial statements
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1. |
Description of current financial situations
How profitable is your business?
Any balance sheet, income statement and cash-flow statement included?
Do you use ratio analysis to assess your financial performance?
How often do you prepare financial statements?
Do you prepare budgets for different functional areas of your business?
How do you monitor the cash flow of your business? Do you have a cash flow budget?
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C. Audited financial statements
1. Directors report
2. Clean report
3. Profit/Loss account
4. Balance sheet
5. Notes to the financial statements
D. Collateral information
1. Real Estate
2. Accounts receivable
3. Public company shares
4. Plant and equipment
E. China factory information
Acknowledgements
Many Thanks to Mr. Siu Ming Wah provided critical support in
preparing the booklet.
Professional Consultancy Group, SME Center,
Hong Kong Productivity Council
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