Search
Close this search box.

Online Application Form

For Seeking Funds From MIC



    Covid-19 Impacted
    Maximum size of upload file: 5MB each

    Item

    Document required

    1

    Detailed restructuring plan setting out as a minimum the following:

    (a)

    Overview of the business and its revenue model

    (b)

    Management team and board composition

    (c)

    Analysis of the financial statements for the last 3 financial years with detailed explanatory notes on debt/loans taken during that period, purpose, current balance standing and any existing defaults/moratorium granted (If relevant)

    (d)

    Analysis of key financial and operating indicators for the last 3 financial years

    (e)

    Fair-valuation/impairment impact of COVID-19 on any investment on the balance sheet of the company/group

    (f)

    Detailed explanatory note on how COVID-19 has impacted the business and its resulting impact on the income statement and balance sheet of the company/group

    (g)

    Mitigating solutions implemented by management to date and their financial impact on the business

    (h)

    Income statement, balance sheet and cash-flow forecast in excel format for the next 5 financial years together with detailed underlying assumptions

    (i)

    Estimate of funding requirements and proposed repayment terms; and

    (j)

    Detailed proposal for application of proceeds on a quarterly basis

    2

    Copy of audited financial statements for the last 3 financial years

    3

    Latest management accounts, as approved by the board

    4

    Right of noteholder following conversion, if minority shareholder

    5

    Right of noteholder following conversion, if majority shareholder

    6

    Group structure showing shareholders having at least 5% until the Ultimate Beneficial Owner

    7

    Constitution of the company or each company in the group, as applicable

    8

    Copies of licences held

    9

    Copies of existing facility agreements and security agreements

    10

    Detailed list of fixed assets and most recent valuation reports

    11

    Copies of key business agreements including administration agreement, management agreement, franchise agreement and licence agreement

    12

    Copies of contracts with related parties

    13

    Copies of existing shareholders’ agreements, joint venture agreements or similar agreement

    14

    Description of rights attached to existing shares of the company

    15

    Number of employees (other than senior management) broken down by: (a) Working in Mauritius/Working outside Mauritius

    16

    Number of senior management employees broken down by: (a) Working in Mauritius/Working outside Mauritius (b) Average monthly cost of employment of each employee for calendar 2019; and 2020 (c) Monthly cost of employment of each employee for the months of 2021

    17

    Details of any proposal to reduce workforce or reduce remuneration/benefits

    18

    Details of any agreement with employees to reduce workforce or cost of employment and, if any, agreed period of reduction

    19

    Options (including employee share option schemes) granted in relation to the capital of the company

    20

    Board resolution for appointment of signatories

    21

    Mortgage search report on the company duly certified by a public notary.

     

    Infrastructure Projects / Future Generation Projects

    Item

    Document required

    1

    Overview of the business and its revenue model

    2

    Management team and board composition

    3

    Analysis of the financial statements for the last 3 financial years with detailed explanatory notes on debt/loans taken during that period, purpose, current balance standing and any existing defaults/moratorium granted (If relevant)

    4

    Income statement, balance sheet and cash-flow forecast for the next 5 financial years together with detailed underlying assumptions in excel format (or more if relevant)

    5

    Proposed funding structure and estimate of type of facility being requested

    6

    Detailed proposal for application of proceeds on a monthly/quarterly basis

    7

    Detailed working financial model in ‘excel’ format of the forecast presented in the restructuring plan

    8

    Copy of audited financial statements for the last 3 financial years, where applicable

    9

    Latest management accounts, as approved by the board, where applicable

    10

    Proposed conversion event and proposed strike, where applicable

    11

    Right of noteholder following conversion, if minority shareholder, where applicable

    12

    Right of noteholder following conversion, if majority shareholder, where applicable

    13

    Group structure showing shareholders having at least 5% until the Ultimate Beneficial Owner

    14

    Constitution of the company or each company in the group, as applicable

    15

    Copies of licences held

    16

    Copies of existing facility agreements and security agreements

    17

    Detailed list of fixed assets and most recent valuation reports

    18

    Copies of key business agreements including administration agreement, management agreement, franchise agreement and licence agreement

    19

    Copies of contracts with related parties

    20

    Copies of existing shareholders’ agreements, joint venture agreements or similar agreement

    21

    Description of rights attached to existing shares of the company

    22

    Number of employees (other than senior management) broken down by: (a) Working in Mauritius/Working outside Mauritius

    23

    Number of senior management employees broken down by: (a) Working in Mauritius/Working outside Mauritius

    24

    List of professionals appointed in the project for example quantity surveyor, engineer, etc

    25

    Timeline of project (construction and operation)

    26

    Board resolution for appointment of signatories

    27

    Mortgage search report on the company duly certified by a public notary.


    *Latest audited financial statements.


    *5 year forecast income statement, balance sheet and cash flow.



    Scroll to Top

    applications@mic-ltd.mu

    Please kindly send access link of required document(s) of your application to the above email with your reference number.