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

No. Tender Notice No. 962/03/2008-232

DATE : 17 March, 2008

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

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 Land Particulars 1. Karnaphuli Rayon & Chemicals Limited, Chandraghona, Kaptai, Rangamati. The mill is situated at Kaptai of Rangamati Hill District. The mill is under control of the Ministry of Industry and operated by Bangladesh Chemical Industries Corporation (BCIC). Saleable Land : More/Less 21.655 acres and established at 1967. Rayon, Dilphan, RSF, Caustic Soda, Clorin, Hydrochloric Acid, Alum (Solid & Liquid). Annual Production Capacity : Rayon, Dilphan, RSF-9000 MT and the daily production capacity of others-92 MT. The mill is closed down at Present.

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.

Tender Submission and Acceptance :

(vii) 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. (viii) 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. (ix) 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). (x) 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. (xi) 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 18 May, 2008 and submit the tender latest by 19 May, 2008 within 12 PM. The tender shall be opened in the same day 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. (xii) Incomplete and erratic tenders shall be considered ‘cancelled’. (xiii) The Privatization Commission reserves the right to accept or reject any tender or all of the tenders, dropped without assigning any reason thereof. (xiv) 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. (xv)Bidders are free to consult the concerned officials of the Privatization Comission for any clarification or narrations of the tender they need for clarity.

Corrigendum

This is to notify for all concerned that the comment quote " After handing over buyer will contract with BFIDC for using of entarance road" that came in public through Tender Notice No. 962/02/2008-167, Dated : 02 March 2008 for sale of Particle Board & Veeneering Plant, Kalurghat, Chittagong which published in different National Dailies is here by Cancelled. Remaining other terms and conditions are unchanged.

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:pb@bdonline.com

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.