Request for Proposal (RFP) for appointment of Valuer for ... - Tender
Request for Proposal (RFP) for appointment of Valuer for ... - Tender
Request for Proposal (RFP) for appointment of Valuer for ... - Tender
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34ANNEXURE-ITerms <strong>of</strong> Reference (TOR) <strong>for</strong> Valuation <strong>of</strong> IKIWL and IFCALIntroductionThe Industrial Development Corporation <strong>of</strong> Orissa Ltd. (IDCOL) seeks theservices <strong>of</strong> a qualified firm / company <strong>for</strong> acting as <strong>Valuer</strong> <strong>for</strong> conductingvaluation <strong>of</strong> its wholly owned subsidiary companies - IDCOL Kalinga IronWorks Ltd. (IKIWL) and IDCOL Ferro Chrome & Alloys Ltd. (IFCAL). IKIWL andIFCAL are old companies with low production capacity and old technology. Ithas become imperative to undertake expansion / modernization <strong>of</strong> the twocompanies along with production <strong>of</strong> value added products <strong>for</strong> a sustainedgrowth. In order to achieve the above objectives, it has been decided by theGovernment <strong>of</strong> Orissa to induct a strategic investor as a joint venture partnerin IKIWL and IFCAL who should be ready and willing to undertake expansionand modernization. The Joint Venture partner would be required to takemajority shares in both the companies. In order to arrive at the price <strong>of</strong>shares it is required to value the assets and business <strong>of</strong> IKIWL and IFCAL.The <strong>Valuer</strong>, to be appointed through tendering process, will be required tomake a detailed study <strong>of</strong> the business assets and properties <strong>of</strong> IKIWL andIFCAL <strong>for</strong> valuation <strong>of</strong> assets / business / shares <strong>of</strong> both the subsidiarycompanies and submit the valuation report to IDCOL.ObjectivesThe objectives <strong>of</strong> engaging a <strong>Valuer</strong> is to get valuation report under differentmethods <strong>of</strong> valuation <strong>for</strong> determination <strong>of</strong> reserve price <strong>for</strong> the shares <strong>of</strong>IKIWL and IFCAL which will be considered as bench mark price to evaluatethe <strong>of</strong>fers to be received <strong>for</strong> acquiring majority stake in IKIWL and IFCAL bystrategic investors.
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