Tender Notice Government of the People's Republic of Bangladesh
Prime Minister's Office
Privatization Commission
Transport Pool Bhaban (8th & 9th Floor)
Secretariat Link Road,Dhaka-1000.

No. Tender Notice No. PMO/PC/Admin-962/31/2008(Part-1)/192

DATE : 28 March, 2010

Sub: International Tender Notice For Sale Of State Owned Enterprises.

International Tenders are hereby invited from both Local & foreign buyers (Individual, Company, Co-operative body, Employees’ Association) for the sale of the following state owned enterprise on ‘As is Where is’ basis:

Sl No. Name of the Enterprise for sale Particulars Comments 1. Magura Textile Mills Ltd., Magura (Under the control of Bangladesh Textile Mills Corporation). The mill has 16.17 acres of Land (More / Less). It has 25,056 spindles with annual production capacity of 16.00 lac kg yarn. The mill was established in 1981. At Present the mill is closed.

Terms and Conditions :

(i)The buyer shall submit demand draft/pay order equivalent to 2.5% of the quoted price either in terms of BDT or in US dollar or in pounds issued in in favour of The Secreatry, Privatization Commission (Account No.STD-004001487, Janata Bank, Nabab Abdul Gani Road Branch, Dhaka). encashable in any schedule Bank located in Dhaka city. Earnest money shall not be received in any other mode of payment. (ii)The buyer shall not be required to inherit any liability regardless of any long term loan or restructured loan of jute mills or in cases where applicable and short-term or current liability of the enterprise, under sale. (iii) Tender shall be submitted strictly based on the tender documents. Intending buyers shall submit tender in prescribed forms, duly filled-in along with the requisite tender documents. (iv) The successful bidder shall pay 32.50% of the sale price (quoted price) as down payment plus 2.5% of the quoted price as earnest money totalling 35% (thereby meaning total down payment = 32.5% + 2.5% = 35%) within 30 (thirty) days from the date of the issuance of the letter of intent (LOI). (v)15% rebate on the total sale price (quoted price) shall be granted if the buyer pays off the 75% of the selling price within 30 days from the date of the issuance of Letter of Intent (LOI). Similarly, a rebate of 20% on the total sale price (quoted price) shall be allowed if the buyer makes the full amount of selling price ‘at a time’ within 30 days from the date of the issuance of the Letter of Intent (LOI). An extra 5% rebate on the total sale price i.e. a rebate of 25% of the quoted sale price shall be granted as rebate if the buyer pays off the price ‘at a time’ in a freely convertible foreign currency; (vi)The land of the Privatized enterprise or any part belonging to it thereof, may be used for the establishment of industry or for its expansion. The Buyer shall not use such land for any commercial purpose viz the establishment of real state, making of commercial/residential plots for sale. (vii) The bidder has to submit a future plan or project plan with the tender schedule for using the land of the enterprise / expansion of the enterprise / modernization.

Tender Submission and Acceptance :

(viii) After the publication of the ‘tender notice’, interested foreigners, Bangladeshi citizens living abroad and overseas commercial firms etc. willing to procure the tender forms or relevant particulars, may contact Bangladesh High Commissions/Embassies in London, Washington, Ottowa, Brussels, Kuala Lumpur, Riyadh, Abu Dhabi, Islamabad, New Delhi, Tokyo, Singapore, Qatar, Kuwait, Bahrain and Seoul and Consulate General at New York and Jeddah. (ix) Bangladeshi citizens living abroad or foreigners may procure tender forms and tender conditions downloading them from the website of the Privatization Commission (www.pc.gov.bd). or from any other country of their choice and submit it duly filled-in. But the ‘payment-receipt’ of US$ 100 (one hundred) or £70(seventy) collecting it from the website of the Privatization Commission (www.pc.gov.bd). Shall be submitted along with the tender. (x) Each set of tender form, tender conditions and enterprise-profile etc. can be procured from the office of the Secretary, Privatization Commission in all working days during office hours on non-refundable cash payment of Tk. 5,000/- (Taka five thousand only) or US$ 100 (one hundred) or £70(seventy)by collecting money receipt and that money receipt should be included with the tender. (xi)Sealed Tenders shall be dropped in the tender boxes placed at the office premises of the Privatization Commission, Transport Pool Bhaban (9th Floor), Secretariat Link Road, Dhaka-1000 and Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Federation Bhaban, 60 Motijheel C/A, Dhaka -1000. within the specified date and time. However, the tenderer may, also at his own responsibility, send the tender to the Secretary, Privatization Commission by post. If the said tender reaches before the specified date and time, that will be dropped in the tender box. If it does not reach within the specified time, it will not be accepted. (xii) Based on the terms & conditions specified herein, intending buyers & their representatives shall be able to collect tender form, tender conditions, enterprise-profile & other relevant papers etc till August 22, 2010 and submit the tender latest by August 26, 2010 within 12 PM. The tender shall be opened in the same day at 1.30 PM in presence of the bidders or their representatives (if they are present) at the conference room of the Privatization Commission. The tenders dropped by any bidder living abroad must reach the Commission within the deadline, set forth. (xiii) Incomplete and erratic tenders shall be considered ‘cancelled’. (xiv) A pre-bid discussion meeting will be held on August 23, 2010 at 11 am at the conference room of Privatization Commission with the tender schedule purchaser. (xv) Incomplete tenders shall be considered "cancelled". (xvi) The Privatization Commission reserves the right to accept or reject any tender or all of the tenders, dropped without assigning any reason thereof. (xvii) A introductory brief necessary to get understanding about the industrial enterprise, Enterprise Profile, Tender Conditions and Tender Circulars etc can be checked, visiting the Website of the Privatization Commission: www.pc.gov.bd. (xviii)Bidders are free to consult the concerned officials of the Privatization Comission for any clarification or narrations of the tender they need for clarity.

Key Contacts Secretary, Privatization Commission, Paribahan Pool Bhaban (9th floor), Secretariat Link Road, Dhaka-1000, Bangladesh. Tel: 88-02-9551986, PABX: 88-02-9563763-4, Fax: 88-02-9556433, Email:pc@intechworld.net

Note : This is a standard Tender Notice. Prospective Buyers are requested to collect the particular tender notice published time to time by the Privatization Commission before submission of any bid.