NATIONALTEXTILE CORPORATION LIMITED (WESTERN REGION), MUMBAI QUERIES REPLIESGIVEN THERETO Sl. QueryReply landarea BharatTextile Mills perPRC 33,938.83sq. mts. whereas land persurvey 32,913.50sq. mts. which area should FSIcomputation. regardsland area we have provided availableinformation. PlainTable Survey has beeb kept ready regardscomputation FSIdue diligence carriedout clause1.3 regardsproperty tax, water charges otherstatutory dues, kindly clarify periodprior nationalization.Also specify whether any notices pending.Outstanding dues pertaining pre-nationalization period have been mentioned tenderdocument. saidamounts have been arrived statementsprovided MunicipalCorporation GreaterMumbai (MCGM). BharatTextile Mills which beingasked Heritagestructure perWrit Petition 2005filed tenderdocument four structures were proposed originallist expertCommittee had advised MunicipalCommissioner two structures retaintwo structures BharatTextile Mill.
However, Commissionerhas recommended declaring Heritagestructures only oneplace viz. India United Mill Notificationissued existingHeritage list, none BharatTextile Mills have been declared Heritage.However, since WritPetition pendingwe have mentioned approximateplinth area twostructures 3,590.70sq. mts Sl. QueryReply LimitedCompany forwards BoardResolution authorizing certain officials saidAnnexure, Companystill BoardResolution would serve purpose.Board Directors’Resolution authorizing certain officials tenderwould suffice. However, saidBoard Resolution authorizedofficial. Qualificationcriteria 15(c) specifies eligibility regarding financial standing Tendererwhereas clause2.1 GeneralEligibility conditions only specifies financialcriteria. Confirm newlyconstituted company investmentwould EMD.Newly constituted Company Investmentwould eligibleprovided Income Tax assessment orders HoldingCompany MajorityShareholders lastthree years 100%subsidiary ParentCompany, specially established RealEstate projects. networth ParentCompany. While submitting networth ParentCompany please submit documentaryevidence 100%shareholding ParentCompany saidsubsidiary.
ParentCompany subsidiaryboth haveany Income Tax Orders situationwaive condition.Only Income Tax Returns ParentCompany lastthree years available.Can tenderermake exception casetenderer ParentCompany can submit Income Tax Returns years.Sl. QueryReply existingroad. NTC has put tenderdocuments roadwidening. actualquantum setbackarea tenderer may carry out due diligence clause1.3 tenderdocument. Pleaseclarify whether Bharat Textile Mill IntegratedDevelopment Scheme thereforeMHADA/MCGM share givenphysically from millland. Bharat Textile Mill PodarMills (Process House) lands IntegratedDevelopment Scheme. basis.Compliance castupon Buyer,including surrender any.Please refer clauses 1.3(iv), (vii) tenderdocument. 10. All dues taxes,previous liabilities NTC.Please confirm. tenderNTC duespertaining postnationalization period only. regardspre-nationalization dues para1.3 tenderdocument. 11. offersless than reserved price highestbidder successfulbidder NTCwithin 15 days from tender,kindly confirm. offersreceived placedbefore Asset Sale Committee (ASC). highestbid above reserve price acceptanceletter issuedwithin 15 days. 12. hugeamount fundneeds SaleDeed NTCwithin 21 days fullamount. tender,Sale Deed can fullpayment tender.Sl. QueryReply 13. Refer hasmentioned successfulbidder had furnishBank Guarantee fullbid amount excluding EMD. Please waive out Biddocument already has event,bidder failed totalamount givenscheduled time frame, NTC can forfeit his EMD. perBIFR guidelines BankGuarantee fullbid amount within 15 days cannot waived.14. AnnexureIII IndemnityBond successfulbidder Acceptance.Whereas page 12states Biddocument.
Please clarify discrepancy.Indemnity Bond successfulbidder only. 15. What “TangibleNet Worth” formula TangibleNet Worth givenhere below bookvalue assets(other than fictitious assets) enterpriseover its liabilities” Normally arrived ShareCapital surplusincluding Revaluation Reserves Reservefund created specificpurpose LossAccount Balance SpecialPurpose Company floated biddingcompany without any hurdles. caseany tenderer declares floatSpecial Purpose Company majorityshareholding HoldingCompany relevantdocuments newcompany etc. NTC may execute conveyance SpecialPurpose Company. Sl. QueryReply 17. Qualification criteria Pleasespecify anyeligibility criteria networth tenderer.Also clarify term“financial standing”, anyspecific parameters tenderer.Clarify financialstanding onlyrelevant promotercompany. Qualification criteria conditionsgiven submittangible net worth certificate along otherdocuments iiiunder Notes newlyincorporated company tangible net worth certificate required.18. Point 13(iii) Pleaseclarify networth promotercompany meetingnet worth financialstanding tenderer.Please clarify anyneed newlyincorporated company only consideringpromoter’s net worth olderbidding company promoter net worth case100% shares newlyformed company promotercompany networth tangible certificate promotercompany financialstanding newlyformed company. 19. Point 13(iii) Sincebidding company thJanuary, 2008, AY2008-09 2009–10.Also, PromoterCompany lastthree years submitted.Please confirm case100% owned company Income Tax Assessment orders promotercompany sufficient.Sl. QueryReply 20. Provide MCGMapproved plans certifying existingBuilt up Area basiswe have obtainedany approval from MCGM including certification existingbuilt-up area. regardsland area, allowable FSI etc. due diligence carriedout clause1.3 tenderdocument. 21. Point Heritageissue Providedocumentation structureswithin Bharat Textile Mills underlitigation HeritageStructure. tenderdocument four structures were proposed originallist expertCommittee had advised MunicipalCommissioner two structures retaintwo structures Mill.However, Commissionerhas recommended declaring Heritagestructures only oneplace viz. India United Mill Notificationissued existingHeritage list, none BharatTextile Mills have been declared Heritage.Copy notificationdated 21- 02-2008 yourreference. However, since WritPetition stillpending we have mentioned yourinformation. approximateplinth area twostructures 3,590.70sq. mts.
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