Tender Document & Reserve Price for
Sale of Financial Assets
Special Situation Advisors (India) Pvt. Ltd.
March , 2015
Dena Bank
Tender Document for Sale of Financial Assets 1
Contents
I Disclaimer and Important Notice
II Invitation for Participation in the Bidding Process
III Schedule of Sale Process
IV Important Terms and Conditions
V Annexure
I. Bid Format
II. Declaration Format
III. Reserve Price for Sale of Assets
Dena Bank
Tender Document for Sale of Financial Assets 2
I. DISCLAIMER AND IMPORTANT NOTICE
This document shall be referred to as the Tender Document (“TD”) for Sale of Financial
Assets of Dena Bank in continuation of the sale process conducted by bank in January, 2015.
Dena Bank has appointed Special Situation Advisors (India) Pvt. Ltd. (“SSA”) as Financial
Advisors for sale of Financial Assets. The purpose of this document is to provide information
to Bidders in respect of the sale process.
It is presumed and understood that by participating in this process, each of the participating
bidders has carried out their own independent due-diligence, investigation and assessment,
in respect of any or all matters, information, statements etc. covered/sought to be covered or
contained in this TD and any documents that may be provided by Dena Bank during the
course of the process pursuant to this TD.
The TD and other information pertaining to the sale process would be shared only to those
participants who have executed Non-Disclosure Agreement in favour of Dena Bank. This
document is for the exclusive use of participating bidders and is not meant for public
circulation and is not intended for distribution to any person other than the persons to
whom it is addressed, and is not transferable. Recipients are not permitted to replicate this
TD or to further distribute/share the TD.
This TD may not contain all the information and data each Bidder may desire or require in
reaching decisions concerning their Bid. Each Bidder should conduct its own investigations,
analysis and should check the accuracy, reliability and completeness of the information in
this TD. Bidders should form their own views as to whether information provided herein or
separately is relevant to any decisions that they make and should make their own
independent investigations in relation to any additional information that they may require.
Notwithstanding anything contained in this TD, neither Dena Bank, nor its employees or its
advisors make any representation or warranty, express or implied, or accept any
responsibility or liability, whatsoever, in respect of any statements or omissions herein, or
the accuracy, completeness or reliability of information, and shall incur no liability, under
any law, statute, rules or regulations as to the accuracy, reliability or completeness of this
TD, even if any loss or damage is caused by any act or omission on the part of Dena Bank or
its employees or its advisors, whether negligent or otherwise.
The information contained in this TD or any other information which may be provided to
Bidders is subject to change without prior notice. Dena Bank may, in its absolute discretion,
Dena Bank
Tender Document for Sale of Financial Assets 3
but without being under any obligation to do so, update, amend or supplement the
information contained herein including the envisaged sale process mentioned.
II. INVITATION FOR PARTICIPATION IN BIDDING PROCESS
Dena Bank invites sealed bid in continuation of the previous sale process conducted in
January, 2015 for the purchase of Financial Assets of 56 individual accounts on “As is where
is and as is what is” basis & without recourse to Dena Bank. Separate bids must be
submitted for individual accounts comprising a total of 56 accounts on following basis:
Portfolio Individual/Portfolio Mode of payment
56 Individual Accounts Individual Cash and/or
Cash + Security Receipt Basis
(Cash component must be minimum
of 15%)
All Asset Reconstruction Companies who have tendered their Expression of Interest (EOI)
pursuant to the notification of the Bank are eligible to participate in the sale process subject
to applicable regulations.
It would be deemed that by submitting the Bid, the Bidder has read, understood and has
made a complete and careful examination of all the information given in this TD/Data Room
pertaining to the relevant NPAs & has made their own due diligence in respect of the same.
Kindly feel free to revert to us in case of any further clarification on the sale process:-
Mr. Sreejith K.
AGM, Legal Department
Dena Corporate Centre
C-10, G Block, 5th Floor
Bandra Kurla Complex
Bandra (East), Mumbai-400 051
Tel.: +91 022 26545522
Mb.: +91 9619341333
Email: [email protected]
Mr. Chintan Shah
Vice President
Special Situation Advisors (India) Pvt. Ltd.
226, Platinum Techno Park,
Plot no 17 & 18
Sector 30 A, Vashi
Navi Mumbai - 400703
Mb.: +91 9987074607
Email: [email protected]
Dena Bank
Tender Document for Sale of Financial Assets 4
List of Accounts:-
Sr. No Case Name
Individual
1. Shri Maheshwar Hydel Pvt Ltd
2. Electrotherm (India) Ltd
3. Tirupati Build & Off Pvt ltd
4. New Chennai Township Pvt Ltd
5. Rainbow Denim Ltd
6. NRC Ltd
7. Ind Synergy Ltd
8. Dewa Projects Pvt Ltd
9. ACT Educational & Charitable Trust
10. Mega Foods Products Pvt. Ltd
11. Pithampur Poly Products Ltd
12. Singh Alloys Steel Ltd
13. Shambhavi Contractors Company Pvt Ltd
14. CTS Construction Pvt Ltd
15. Jyoti Supermart
16.
Indo Power Cables Ltd
17. Kohli Brothers
18. Sunrise BST Cold Storage
19. Kiz & Associates and Group
20. Advanced High-Tech & Gopal Hi-Tech
21. Baroda Electro Eng Pvt Ltd
22. Swastik Marine Corporation
23. Varsha Synthetics
24. Gangdhara Cold storage Pvt Ltd
25. Kutch cement Pvt Ltd
26. R K Impex
27. Nova Electronics company
28. Jaliyan Industries
29. Vijayant Group
30. Laxmi Cotton Industries
31. Dinesh Agro Products Ltd
32. Sagar Uniexim india Pvt Ltd
33. Future Formulations Pvt Ltd
34. Siddharth Pulses
35. Salecha Industries
36. Unipharma Ampoules Ltd
Dena Bank
Tender Document for Sale of Financial Assets 5
III. SCHEDULE OF SALE PROCESS
Indicative Schedule of Bidding Process is as given below:
Sr. No. Activity Indicative Dates
1 Last Date of Submission of Sealed Bid March 24th, 2015 by 11:00 a.m.
2 Bid Opening Date & Declaration of
Highest Bidder (Bids will be opened by
Asset Sale Committee)
March 24th, 2015 at 12:00 p.m.
3 Negotiation with the Highest Bidders March 25th, 2015
Dena Bank in its sole discretion may change or extend any indicated dates mentioned above
and the same shall be binding on the participating bidders. Dena Bank further reserves its
right to change the mode of auction to e-auction in which event, the terms of auction
including last date of submission of bid, bid start date/ time etc shall be notified separately.
IV. IMPORTANT TERMS AND CONDITIONS
1. The Bid should be submitted only in the prescribed Bid Form given in Annexure I to
the TD and should be accompanied by the Declaration given in Annexure II to the
TD. Bids with conditions or not adhering to the prescribed bid format may be liable
for disqualification.
2. The sale of Financial Assets is on „as is where is & as is what is‟ basis without recourse
to Dena Bank.
3. Please note that the Bid submitted by the Bidder shall be deemed to be a Offer
binding on the Bidder, if accepted by Dena Bank in accordance with these terms and
conditions. Bid once submitted cannot be withdrawn until the declaration of the
Successful Bidder.
4. The submission of the Bid by a Bidder shall be deemed to constitute unconditional
acceptance by the Bidder of this TD and all the terms and conditions applicable.
37. Chamunda Exports
38. B & C Machinery Ltd.
39. Sanghi Polyesters Ltd Company
40. Boss Profiles Ltd
41. Relish Snacks Pvt Ltd
42. Kumari Overseas Pvt Ltd & DK Jagannath Silk Twisting Factory & Group
43. M/s Imrana Leather Exports
44. SBR Agro Products Pvt Ltd
45. RKS Dental Care Products
Dena Bank
Tender Document for Sale of Financial Assets 6
5. All bids shall be received latest by 11.00 a.m. on March 24th, 2015 in a sealed
envelope superscripted as “BID FOR SALE OF NPA - INDIVIDUAL ACCOUNTS”. The
Bids will be opened on March 24th, 2015 at 12:00 p.m. before Asset Sale Committee,
appointed by the bank. The bidders‟ representatives may remain present at Dena
Bank, Dena Corporate Centre, C-10, G Block, 5th Floor, Bandra Kurla Complex, Bandra
(East), Mumbai-400 051 where the bids will be opened. It is the sole responsibility of
the bidders to ensure to submit the bid within the time specified above.
6. Separate bids must be submitted for the 56 Individual accounts ON CASH AND/OR
CASH + SECURITY RECEIPT (SR) BASIS AS UNDER:
Portfolio Individual/Portfolio Mode of payment
56 Individual
Accounts
Individual Cash and/or
Cash + Security Receipt Basis
(Cash component must be minimum
of 15% )
7. SRs offered for the bid will have the following terms:
a. Minimum 15% of the total bid amount should be in cash
b. Security Receipt will have pari-passu redemption
c. Excess recovery after providing for Security Receipt holders as per agreed
terms shall be shared by Security Receipt Holders and ARC in the ratio of
80:20 respectively
d. The initial valuation of SRs should be done within a period not exceeding six
months of acquiring the underlying asset
e. Management fee payable shall be 1.5 % per annum.
8. Other Terms and Conditions of SRs:
a) The Management Fee should be calculated and charged as percentage of the Net
Asset Value (NAV) at the lower end of the range of the NAV specified by the
Credit Rating Agency (CRA) (rather than on the outstanding value of SRs),
provided that the same is not more than the acquisition value of the underlying
asset. However, Management Fees are to be reckoned as a percentage of the
actual outstanding value of SRs before availability of NAV of SRs ie period not
exceeding six months of acquiring the underlying asset.
b) Management Fee and all taxes and duties payable on such fee, shall accrue to the
Trustee on a quarterly basis. The same shall be payable out of the Trust Fund
forthwith upon any recovery or realisation of the Financial Assets forming part of
the Trust Fund. The fee for any quarter shall be calculated on the basis of the
daily balance of the outstanding face value of the SRs or as percentage of the
Dena Bank
Tender Document for Sale of Financial Assets 7
NAV as may be applicable. The Management Fee so accrued shall not attract
interest.
c) The maximum maturity period of Security Receipts shall be 5 years. Any extension
of maturity period shall be subject to compliance of the RBI guidelines therein.
d) If one of more accounts are acquired by the same purchaser, separate trust can
be formed for each such account.
e) The purchaser / acquirer shall not receive any remuneration / fee towards
advisory services to the borrower/s during the resolution period.
f) Breakage cost payable by SR holders to the Trustee shall not exceed 1% of the
value of the Trust Fund as determined for the purpose of the most recent
declaration of the NAV.
g) Expenses and costs incurred, defrayed and paid by the Trust after acquisition of
assets shall be recoverable by the Trust along with interest @ 10.25% (simple) per
annum on the expenses and cost outstanding from time to time for the period
commencing from the date of incurrence, defrayal or payment as the case may be
and ending on the date of its reimbursement from the Trust Fund. However,
expenses incurred at pre-acquisition stage for performing due diligence etc for
acquiring financial assets shall not be recoverable from the Trust.
h) Amounts received by the Trustee shall be utilised by the Trustee to make
payments firstly for payment of all statutory and regulatory dues, if any; Secondly,
for payment of reimbursable costs and expenses incurred by the Trustee and
chargeable interests thereon and fees or remuneration of the Trustee and Finally,
on each payment date, for payment of the amounts to be distributed amongst
the Security Receipt Holders, listed in the Register of SR holders, as on the Record
Date corresponding to such Payment Date, in accordance with the terms and
conditions of their respective SRs, Trust Deed and Offer Document.
i) The Trust shall disclose details of recoveries made / received in the Trust Account
on a regular basis.
9. The bid for account/s should be accompanied by a notional deposit of Rs. 5 Lacs for
individual account/s. However, if bids are submitted in more than one individual
account, the maximum deposit for individual accounts shall be Rs.10 lac. The notional
deposit should be submitted by way of Demand Draft/Bankers Cheque/RTGS in
favour of „Dena Bank‟ payable at Mumbai.
Dena Bank
Tender Document for Sale of Financial Assets 8
The notional deposit will be held by Dena Bank as security for completion of the
transaction by the successful bidder. In the event of a successful bidder failing to
execute assignment agreement and / or make payment of balance purchase
consideration by close of business hours on the date of signing of assignment
agreement, the notional deposit submitted by the successful bidder would be
forfeited by Dena Bank as liquidated damages.
The notional deposit received from the unsuccessful bidders would be returned
within fifteen days of the bid opening.
10. Post Tender negotiations shall be held only with the Highest Bidders in each
individual account where bids are submitted.
11. The Bid shall be typed or written in indelible ink and the Bidder and/or its Authorized
Signatory shall initial each page. All the alterations, omissions, additions, or any other
amendments made to the Bid shall be initialled by the person(s) signing the Bid.
12. Bid shall remain valid for a period of 60 days from the date of submission of Bid.
However, Dena Bank may require the Bidders to extend the validity for such period as
may be determined by Dena Bank at its discretion. Dena Bank reserves the right to
reject any Bid which does not meet this requirement.
13. The Bidder should submit a Resolution of Board of Directors/ Power of Attorney
(POA) duly supported by the board resolution authorising the signatories of the Bid.
14. The Bid must be submitted in a sealed envelope with Title as BID FOR SALE OF NPA
- INDIVIDUAL ACCOUNTS and addressed to-
Mr. Sreejith K.
AGM, Legal Department
Dena Bank
Dena Corporate Centre
C-10, G Block, 5th Floor
Bandra Kurla Complex
Bandra (East), Mumbai-400 051
The Bid should be submitted so as to reach us not later than March 24th, 2015 by 11:00 a.m.
15. Bidders are expected to submit their Bid with independent study & assessment in
respect of NPA accounts and value thereof before submitting their Bid. By virtue of
submission of the Bid, it shall be deemed that the Bidders have conducted their own
independent due diligence at their own costs including verifying various legal
proceedings, as well as ascertaining the known and unknown liabilities,
encumbrances and any other dues from concerned authorities or stakeholders to
their satisfaction before submitting the Bid. Any Bid made shall be deemed to have
been submitted after complete satisfaction of Bidders thereto and any or all claims
there against after due inspection.
Dena Bank
Tender Document for Sale of Financial Assets 9
16. The Bid should be made on the basis of the terms of the TD as circulated to Bidders
without prejudice to Dena Bank‟s right to make any amendments.
17. Conditional & Contingent Bid shall be liable to be disqualified by Dena Bank.
18. Bids must be signed by the Bidder (and each page thereof initialled by the Bidder) by
their authorised signatory. Absence of required duly authorised signatures would
render the submission invalid.
19. In preparation for this sale, Dena Bank has assessed in detail, the characteristics of the
NPA Portfolio in conjunction with Special Situation Advisors (India) Pvt. Ltd. Reserve
Price has been set by Dena Bank as its internal assessment of every account, the
expected realisation and taking into account value analysis carried out by Special
Situation Advisors (India) Pvt. Ltd., in discussions with the Dena Bank. The Reserve
Price has been annexed herewith in Annexure 3. Provided this Reserve price is met or
exceeded, Dena Bank shall consider completion of sale of the Financial Assets
Portfolio within the timeframe outlined in this TD.
20. All costs, expenses and liabilities incurred by each Bidder in connection with the
Transaction, including (without limitation) in connection with Due Diligence,
preparation and/or submission of the Bid, including fees and disbursements of its
own advisors, if any, shall be borne and paid by such Bidder, whether its Bid is
accepted or rejected for any reason, and Dena Bank does not assume any liability
whatsoever in this connection.
21. Any discussions or any clarifications, information sought or divulged with respect to
the Bid will not constitute an invitation or commitment by Dena Bank to enter into
any intent, motive, agreement, undertaking or covenant with the Bidder nor shall
Dena Bank be liable to consummate deal with any Participant on the basis of such
discussion, negotiation, information.
22. The Bidder is required to and must exercise utmost good faith, due care and
diligence in preparation and submission of the Bid and must ensure that all
information provided therein is accurate and complete.
23. Dena Bank may, at its sole discretion, add, amend, vary, modify, delete, any of the
conditions of TD as may be deemed necessary in the light of the facts and
circumstances and also issue one or more Addenda, Corrigendum as required
without giving any reasons thereto. The response required from Bidders as a
consequence of any such Addendum shall be specified in the relevant Addendum
and the response thereto will be deemed to constitute a part of the relevant Bidder‟s
Bid.
24. Dena Bank may, at any time and for any reason, without giving any reason thereof,
change/extend the deadlines/time-lines outlined in this TD, and shall communicate
such change/extension individually to each Bidder.
Dena Bank
Tender Document for Sale of Financial Assets 10
25. The Successful Bidder shall be solely and absolutely responsible for completion of all
statutory, regulatory and other compliances for the said purpose including incurring
of any costs, charges and expenses and payment of fees and duties (including the
adjudication, stamp duty and registration fee and other similar levy payable and
whether payable in one or more states or jurisdictions), statutory and otherwise.
However, in cash plus SR bids, the Trust created pursuant to the acquisition of assets
shall be responsible for all such post acquisition expenses.
26. Sale of Financial Assets to the Successful Bidder shall be effected by execution of the
necessary and appropriate Assignment Agreement(s) in favour of the Successful
Bidder, only upon receipt and realization of the entire purchase consideration from
the Successful Bidder. The execution of the Assignment Agreements shall be only in
the IBA approved format as the case maybe. Submission of the Bid shall be construed
as unconditional acceptance of the same.
27. As from the date of execution of the Assignment Agreements as aforesaid in favour
of the Successful Bidder/Assignee as aforesaid, all the rights and corresponding
duties and obligations of Dena Bank in respect of the subject Case shall vest in the
Assignee. Accordingly, Dena Bank shall not continue attending/pursuing/defending
to the legal cases which have been /may be filed in relation to the subject case.
28. It is clarified that any payments received in respect of the Financial Asset/s from the
cut- off date (Date of commencement of Due Diligence), it shall hold such amounts,
in trust for the benefit of the Successful Bidder in respect of such Financial Asset, and
upon execution of the related Assignment Agreement and / or transfer instrument
shall hand such amounts over to the Successful Bidder or its duly authorised agent.
29. All the documents that the Successful Bidder/Assignee has to collect from Dena Bank
under the terms of the Assignment Agreements will be held at the respective
Branches/offices of Dena Bank throughout India until collected by the Successful
Bidder/Assignee during normal office hours on or after the execution of Assignment
Agreements and at any date within 45 days of the execution of Assignment
Agreements. It should be noted that it shall be the sole responsibility of the
Successful Bidder/Assignee, at its own cost and expense, to collect the aforesaid
documents from the various Branches/offices of Dena Bank.
30. Dena Bank reserves its right to cancel the process at any stage before final
confirmation and in that event, in absolute discretion, to follow a different method
for sale/ transfer of the financial assets which may not be mentioned above. Upon
such action Dena Bank‟s decision in this behalf shall be final and binding on all the
Bidders.
31. Dena Bank reserves the right to add or delete accounts or modify the composition of
the Loan Portfolio or the single accounts offered for sale and the sale structure at any
stage without assigning any reason.
Dena Bank
Tender Document for Sale of Financial Assets 11
32. Dena Bank reserves the right to accept/reject any Bid without assigning any reasons
at its discretion. Dena Bank also reserves the right not to go ahead with the sale if the
price does not match its Reserve Price or for any other reason which it is not obliged
to disclose. The decision of Dena Bank in this regard shall be final and conclusive.
33. If by the terms of this TD, any act would be required to be performed on or within a
period ending on a day, which is not a Business Day, then it shall be performed, on or
by the immediately succeeding Business Day.
34. The Bidder shall not be entitled to withdraw or cancel Bid once submitted
35. In the event of any dispute and /or difference on the point of meaning or definition
of any particular word used in this TD or, in respect of interpretation of any clause of
this TD or, this TD as a whole or, in respect of sequence of events mentioned therein,
decision of the General Manager (RML) Dena Bank shall be final and binding on all
the parties concerned.
36. Disputes, if any, shall be subject to jurisdiction of Mumbai Courts/ Tribunals only.
37. Sale of Assets by Dena Bank under the above TD shall be in strict adherence to the
RBI / CVC guidelines.
In acceptance:
Signature and Seal of the Bidder:
Annexure I
(On the letter-head of the Bidder)
DATE:
Mr. Sreejith K.
AGM, Legal Department
Dena Bank
Dena Corporate Centre
C-10, G Block, 5th Floor
Bandra Kurla Complex
Bandra (East), Mumbai-400 051
Subject: - Dena Bank Portfolio – Final Offer/Bid
Dena Bank – March 2015 – Final Portfolio Bid
Name and address of the
registered office of the Bidder
Particulars (Rs. In Crores)
Cash Basis
Cash + Security Receipts Basis
Cash component
(Minimum 15%)
Security Receipt
Component
Total
SR Offer
Shri Maheshwar Hydel Pvt Ltd
Electrotherm (India) Ltd
Tirupati Build & Off Pvt ltd
New Chennai Township Pvt Ltd
Rainbow Denim Ltd
NRC Ltd
Ind Synergy Ltd
Dewa Projects Pvt Ltd
ACT Educational & Charitable
Trust
Mega Foods Products Pvt. Ltd
Pithampur Poly Products Ltd
Singh Alloys Steel Ltd
Shambhavi Contractors
Company Pvt Ltd
CTS Construction Pvt Ltd
Jyoti Supermart
Indo Power Cables Ltd
Kohli Brothers
Sunrise BST Cold Storage
Kiz & Associates and Group
Advanced High-Tech & Gopal
Hi-Tech
Baroda Electro Eng Pvt Ltd
Dena Bank
Tender Document for Sale of Financial Assets 13
Swastik Marine Corporation
Varsha Synthetics
Gangdhara Cold storage Pvt Ltd
Kutch cement Pvt Ltd
R K Impex
Nova Electronics company
Jaliyan Industries
Vijayant Group
Laxmi Cotton Industries
Dinesh Agro Products Ltd
Sagar Uniexim india Pvt Ltd
Future Formulations Pvt Ltd
Siddharth Pulses
Salecha Industries
Unipharma Ampoules Ltd
Chamunda Exports
B & C Machinery Ltd.
Sanghi Polyesters Ltd Company
Boss Profiles Ltd
Relish Snacks Pvt Ltd
Kumari Overseas Pvt Ltd & DK
Jagannath Silk Twisting Factory
& Group
M/s Imrana Leather Exports
SBR Agro Products Pvt Ltd
RKS Dental Care Products
Individual Accounts
Terms & Condition of SR:
a. Minimum 15% of the total portfolio bid amount should be in cash
b. Security Receipt will have pari-passu redemption
c. Excess recovery after providing for Security Receipt holders as per agreed terms shall be
shared by Security Receipt Holders and ARC in the ratio of 80:20 respectively
d. The initial valuation of SRs should be done within a period not exceeding six months of
acquiring the underlying asset
e. Management fee payable shall be 1.5% p.a.
f. The maximum maturity period of Security Receipts shall be 5 years. Any extension of
maturity period shall be subject to compliance of RBI guidelines therein.
The bidder hereby confirm having read and understood all the terms and conditions of the Tender
Document and accepted the same. The Bidder further confirms that it is aware that the Financial Assets are
being sold on “As is what is and As is where is” basis without recourse to Dena Bank. This Bid is
unconditional, irrevocable & binding in all respect. We have conducted our own independent assessment,
investigation, due-diligence and have sought independent professional, financial and legal advice, before
submitting this Bid. Dena Bank shall not be in any way liable for anything pertaining to the same.
Dena Bank
Tender Document for Sale of Financial Assets 14
Signature (s)
For
Name & designation of the authorised signatory:
Dena Bank
Tender Document for Sale of Financial Assets 15
Annexure II
DECLARATION
[On the letter-head of the Bidder]
DATE:
Mr. Sreejith K.
AGM, Legal Department
Dena Bank
Dena Corporate Centre
C-10, G Block, 5th Floor
Bandra Kurla Complex
Bandra (East), Mumbai-400 051
Dear Sir,
Re: Bid for purchase of Financial Assets of Dena Bank pursuant to the issuance of TD
by Dena Bank
I/We, the Bidder aforesaid do hereby state that, I/We have read the entire terms and
conditions of the „Tender Document for Sale of Financial Assets of Dena Bank (“TD”) and
understood them fully. I/We, hereby unconditionally agree to conform with and to be bound
by the terms of the same.
We confirm that we are legally entitled to be the purchasers of Financial Assets in the event
of acceptance of our offer by Dena Bank and neither the execution and delivery of the offer
and the proposed execution and delivery of Assignment Agreements in the event of
acceptance of our Bid by Dena Bank, nor the consummation of the transactions
contemplated thereby, nor the fulfilment of or compliance by us with the terms and
conditions of the TD, conflict/will conflict with or result/will result in a breach of or a default
under any of the terms, conditions or provisions of any legal restriction (including, without
limitation, any judgement, order, injunction, decree or ruling of any court or Statutory
Authority, or any law, regulations, rules etc) or any covenant or agreement or instrument to
which we/our nominee are/is now a party, nor does/would such execution, delivery,
consummation or compliance violate or result in the violation of any of our/our nominee‟s
constitution documents.
Yours faithfully
(M/s._______________________)
Signature of Authorised Signatory
Dena Bank
Tender Document for Sale of Financial Assets 16
Annexure III
Reserve Price For Sale of Assets
Name of the Account Reserve Price on
CASH Basis
(Rs. In Crs.)
Reserve Price on
CASH + SR Basis
(Rs. In Crs.)
Shri Maheshwar Hydel Pvt Ltd 25.41 28.23
Electrotherm (India) Ltd 36.99 41.10
Tirupati Build & Off Pvt ltd 55.15 61.27
New Chennai Township Pvt Ltd 27.94 31.04
Rainbow Denim Ltd 16.20 18.00
NRC Ltd 25.39 28.21
Ind Synergy Ltd 16.23 18.03
Dewa Projects Pvt Ltd 12.87 14.30
ACT Educational & Charitable Trust 8.29 9.21
Mega Foods Products Pvt. Ltd 4.05 4.50
Pithampur Poly Products Ltd 4.18 4.65
Singh Alloys Steel Ltd 7.10 7.89
Shambhavi Contractors Company Pvt Ltd 0.61 0.68
CTS Construction Pvt Ltd 1.05 1.16
Jyoti Supermart 0.82 0.91
Indo Power Cables Ltd 0.30 0.34
Kohli Brothers 1.37 1.52
Sunrise BST Cold Storage 1.08 1.20
Kiz & Associates and Group 1.78 1.97
Advanced High-Tech & Gopal Hi-Tech 0.72 0.80
Baroda Electro Eng Pvt Ltd 2.38 2.64
Swastik Marine Corporation 0.62 0.69
Varsha Synthetics 0.86 0.95
Gangdhara Cold storage Pvt Ltd 2.30 2.56
Kutch Cement Pvt Ltd 1.53 1.70
R K Impex 0.24 0.27
Nova Electronics company 1.37 1.52
Jaliyan Industries 2.17 2.41
Vijayant Group 1.28 1.42
Laxmi Cotton Industries 1.49 1.65
Dinesh Agro Products Ltd 1.93 2.15
Sagar Uniexim india Pvt Ltd 0.15 0.17
Future Formulations Pvt Ltd 3.59 3.99
Siddharth Pulses 1.44 1.60
Dena Bank
Tender Document for Sale of Financial Assets 17
Salecha Industries 0.09 0.10
Unipharma Ampoules Ltd 2.94 3.27
Chamunda Exports 1.13 1.25
B & C Machinery Ltd. 6.70 7.44
Sanghi Polyesters Ltd Company 2.41 2.67
Boss Profiles Ltd 5.61 6.23
Relish Snacks Pvt Ltd 1.97 2.19
Kumari Overseas Pvt Ltd & DK Jagannath
Silk Twisting Factory & Group
2.51 2.79
M/s Imrana Leather Exports 2.07 2.30
SBR Agro Products Pvt Ltd 0.98 1.09
RKS Dental Care Products 0.48 0.53