There is no standard application form for Prometheus
Energy Partners financing. Companies or entrepreneurs
seeking to set up new ventures or to expand existing
enterprises should make direct approaches. You can do
so by requesting a meeting and:
Email or fax us a preliminary project fact sheet.
Submit your project proposal.
Once the project meets
preliminary review criteria, a detailed business plan
or feasibility study is required to proceed to the next
stage.
The evaluation process includes assessments of the technical,
operational, financial and economic aspects of the project
or business model, visits to the company site (where
applicable) and meetings with the project sponsors.
If the project passes this initial screening, we will
then enter into negotiations of the key terms of the
agreement. The proposal will then be taken to Prometheus
Investment Committee for approval. Once approval is
granted, we will finalize the required documentation
and disburse the funds in accordance with the negotiated
agreement.
Project Fact Sheet
A basic fact sheet on the project or company should
include, but not be limited to, the following information:
Project/company name
Project/company country or location
Summary project/business model description
Key contact person and contact details
Resumes/background of management team and investors
Project budget
Project timeline
Key financial arrangements secured to date and plan
for raising capital
Proposed ownership structure of project/company
Amount of investment expected from Prometheus Energy
Partners
Estimated project IRR and estimated returns to equity
Guidelines for Project Proposal
The proposal should include the following, (again,
this list is intended as a guide and therefore not exhaustive):
Brief description of the project and current status
Business model
Rationale for expansion where applicable
Progress to date
Sponsorship and management
History and business of sponsors
Proposed staffing in key areas, such as, general management,
production, sales and finance
Resumes of key personnel and sponsors
Management structure and the composition of the Board
Corporate governance policy (specifically in relation
to internal controls and maintenance of financial records)
Proposed ownership structure of project/company
Markets and Sales
Market orientation (export/domestic), production volumes,
sales objectives and market share
Pricing assumptions of end product(s)
Potential users of products and distribution channels
Present and potential competition and key competitive
advantages
Sources of inputs and technical feasibility
Brief description of the manufacturing process and
technical skills required
Possible sources and prices of raw materials, technology
and equipment
Reason for proposed location of plant, licenses obtained
and availability of manpower, infrastructure and transport
at site.
Timetable for project implementation
Project costs, financing and return
Estimated total project costs, broken down into local
and foreign currency expenditures for construction,
equipment installation, working capital and pre-operating
costs
Historial financial statements where application
Draft 5-year financial model:
- Proforma income statement and balance sheet
- Revenues and expenses
- Proposed financial plan, indicating expected sources
and terms of debt and equity financing
- Expected profitability and returns to shareholders
Government support and regulation
Government incentives and support available to project
Approvals/commitments required from the Government and
status of negotiations
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