Companies that wish to apply to Danajamin should possess and fulfill the following criteria:
- Adequacy of cashflows to repay debt obligations,
- Good corporate behaviour & governance,
- Strong risk management, and
- Acceptable security arrangement
- Applicant’s name, registration number, date of incorporation, date of commencement of business and principal activities.
- Profile of the board of directors and management with their respective qualification and experience (please include list of other directorships held).
- Profile of shareholders and shareholding/corporate structure.
- Details of any material legal action or threatened legal action against the Applicant and its guarantor (if applicable), its holding company, its subsidiaries and associates (to include latest status).
- Details of the latest borrowings (including guarantees provided) of the Applicant as well as Group, its subsidiaries and parent (if any) (including type, maturity profile, current rates, security provided, limits and outstanding balances).
- Five (5) years Audited Accounts and latest half yearly/quarterly management accounts (including cashflow).
- Purpose of fund raising with details of utilization of proceeds and detailed justification for individual utilization.
- Hardcopy and softcopy projected balance sheet, profit & loss and cashflow throughout the tenure of proposed financing, together with the accompanying assumptions.
- Details of the proposed security to be offered.
