AUTONET Gian Carlo Bertoni Torino 1 of June 2012 Promotion and - - PowerPoint PPT Presentation
AUTONET Gian Carlo Bertoni Torino 1 of June 2012 Promotion and Marketing Department SIMEST Is a Financial Institution controlled by the Italian Ministry for Economic Development, participated by leading Italian Banks and Confindustria
SIMEST supports Italian Companies in all phases of development abroad Company activities Company activities Company activities SIMEST instruments SIMEST instruments SIMEST instruments
Search of business opportunities Technical Assistance and training programmes Development programmes Investing in foreign companies Export of capital goods Business scouting and match making activities Subsidised financing of technical assistance programmes Beneficial-rate loans for programmes for the inclusion on foreign markets Interest rate subsidy and stabilization for export credits In non EU countries: SIMEST (and Venture Capital) equity participation in the foreign company Interest rate reduction on the financing of the Italian Company equity share In EU countries: SIMEST participation in the capital stock of Italian companies and for their subsidiaries in EU Improving and safeguarding SMEs equity solidity Financing of the capitalization of exporting SMEs Feasibility studies or technical assistance programmes in non EU countries tied to Italian investment abroad Financing with subsidiazed interest rate
Machinery and plant installations, studies, services in all countries Italian businesses Up to a maximum of 85% of the value of the export contract (at least 15% in cash). The amount of financing eligible for support is up to 100% of the value of the goods and services of Italian origin
Eligible exports Support available
Financing of programmes for the inclusion on foreign markets, aimed at the launch and spread of new products and services, or at the acquisition of new markets for existing products and services The programme must be implemented in countries not belonging to the European Union
permanent structures, etc.)
advertising, training, consulting, etc.)
Purpose Eligible countries Eligible expenses
The programme must be developed in the period running as from the date on which the application is presented. It must be completed 2 years after the loan agreement is drawn up. The loan will be repaid over the next 5 years. These periods may be reduced upon request by the business Fixed for the duration of the financing and equal to 15% of the reference rate. In any case, this rate must be no less than 0.50% annually
Duration of financing Interest rate
Financing aiming to stimulate, improve and safeguard the solidity of the equity of SMEs that have recorded average export sales for the last three years accounting for at least 20% of the total, and which, at the time of supply, are constituted in the form of an SpA The loan may not exceed € 500,000.00 and 25% of the capital stock of the applicant business. The loan will be supplied in accordance with the application
Purpose Support available
stage – starts as from the date of supply and ends at the end of the 2nd year subsequent to that date.
the end of the supply and pre-amortisation stage and ends 5 years later
Stage of financing
To provide financial support for Italian businesses, undertaking pre-feasibility and feasibility studies
implementing technical assistance programmes in non-EU countries. a)Expenses related to feasibility studies connected to Italian investments abroad; b)Expenses related to technical support programmes connected to Italian investments abroad. For feasibility studies, these include salaries for in-house employees, fees due to consultants or experts and travel strictly linked to the study to be carried out. For technical assistance, these include all costs deriving from training, teaching, travel and other expenses related to the investment.
Purpose Eligible initiatives Eligible expenses
To promote investments of Italian companies in foreign enterprises. SIMEST participation up to max 49% of the foreign company equity, for a duration of 8 years max. The acquisition of equity shares by SIMEST can be related either to new or already existing companies. Objectives Terms
Financing support covers 90% of the applicant Italian company’s equity share, up to 51% of the investee company’s total capital. Therefore, if the equity capital exceeds 51%, the financial support is equal to 90% of 51% of the foreign company’s capital Support available for financing Italian share
SIMEST + VCF Maximum share of 49% of the total equity
SIMEST + FVC share, in any case, will not be higher than the total share held by the
established for SIMEST participation No guarantee is required for the buy-back
For the VCF share a remuneration is due equal to the European Bank rate + 0,50 spread.
Terms Duration Guarantee Remuneration
Up to 49% Private Partners
Interest rate support for financing Italian share
How we can support joint venture projects abroad
How we can support joint venture projects abroad
(*) max participation SIMEST+VCF = 49%
SIMEST Participation SIMEST Participation VCF Participation VCF Participation Contribution for interest reduction on Contribution for interest reduction on share financing share financing
Local partner SIMEST share VCF share* Italian share (private partners)
How we can support joint venture projects abroad
How we can support joint venture projects abroad