Each restructuring process requires different approach in order to develop a successful strategy for rectification of a difficult situation. Preparation of an effective restructuring plan requires industry-based experience combined with an expert knowledge of finances. The use of relevant tools in conjunction with financial knowledge enables analysis and selection of the most suitable restructuring option.

KPMG financial advisory services in restructuring process include, among others:

• Restructuring plan preparation / verification
• Preparation / verification of a financial model covering long-term financial forecasts
• Preparation of a debt repayment plan
• Preparation of a restructuring schedule
• Assistance in negotiating terms and conditions of restructuring of debts owed to financial institutions and other creditors
• Assistance in searching new sources of financing in order to support the Company’s liquidity
• Valuation of shares or property designated for sale
• Assistance in the sale of shares or assets
• Control and periodical monitoring of the debtor’s business.

Financial services:

1. Verifying an occurrence of prerequisites for submission of a petition for restructuring or a petition in bankruptcy (proven permanent loss of financial liquidity or financial obligations exceeding the value of the property for 24 months)
2. Drawing up a restructuring plan including among others:
   • company description
   • market description
   • analysis of the debtor’s financial situation
   • proposed business strategy
   • planned restructuring measures and their schedule
   • methods and sources of financing
   • forecast of results for the next 5 years (two options)
3. Drawing up a financial model including financial forecasts constituting the basis for preparing a restructuring plan and allowing for the conditions provided for in the financial model
4. Drawing up a list of debts
5. Giving opinion on the debtor’s capability of implementation of the arrangement
6. Negotiating with banks and other financial institutions; working out the key stand-still conditions
7. Assisting in searching for and negotiating conditions of new sources of financing
8. Participating in negotiations between the company and the creditors
9. Identifying assets that do not constitute security and may serve as an additional security of creditors
10. Identifying assets that may be designated for sale
11. Coordinating works of creditors’ advisors
12. Verifying prerequisites for submission of a petition for restructuring / petition in bankruptcy (proven permanent loss of financial liquidity or financial obligations exceeding the value of the property for 24 months)
13. Valuating companies’ shares designated for sale
14. Advising at the sale of shares (if necessary)
15. Controlling and periodical monitoring of the restructuring plan performance by the debtor.