How does WEA know what financial resources are available to the applicant?
WEA conducts a thorough examination of an applicant’s submission to ensure the applicant’s status as a ‘fit and proper’ company or co-operative. WEA is authorised to independently verify the accuracy and completeness of the information and documents provided, and may request further information or documents to determine the financial resources available to the applicant. The minimum information required in the exporter application form includes details of the applicant’s financial resources such as: • evidence of sufficient liquidity in the form of bank guarantees, working capital or working capital support to meet the export proposal • copies of audited financial statements • details of any financial guarantees to the applicant from parent companies • details of any financial guarantees from the applicant to any subsidiaries and • details of any credit ratings.
Related Questions
- Can a petitioner (sponsor) with limited financial resources sponsor only the principal applicant and not his/her spouse and eligible children?
- Does it mean that the growth of the telecom industry directly depends on the regional financial resources?
- How does WEA know what financial resources are available to the applicant?
