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On the request of the investors and the keen interest indicated by them in
Hazara Phosphate Fertilizers Ltd (HPFL) the Privatisation Commission has now
extended another opportunity to the investors to participate in the
privatisation process of Hazara Phosphate Fertilizers Ltd (HPFL). The
Expressions of Interest has been invited from prospective investors
(fertilizers companies, industrial companies and groups, investors /
consortium of investors who can evidence their ability to efficiently manage
and operate the company) for the privatisation of minimum of 90% shares of
Hazara Phosphate Fertilizers Ltd (HPFL) located at Haripur (NWFP) - 75 km from
Islamabad. The factory is situated on 57 acres on developed land and includes
factory, housing and other amenities.
The EoI and Statement of Qualification document can be sent latest by January
15, 2007 along with a non-refundable processing fee of Rs. 100,000/- (Rupees
One Hundred Thousand Only) to the Privatisation Commission. All parties
submitting EoI would be sent Statement of Qualification for response, which
shall form the basis of pre-qualification.
Parties, which have already submitted EoI with the requisite processing fee in
response to the earlier advertisement, are not required to submit a fresh EoI.
They should obtain the Request of Statement of Qualification (RSOQ) document
from Privatisation Commission free of charge in order to file the same by
January 15, 2007. It shall be mandatory to submit SOQ document in order to be
eligible to take part in the fresh bidding process.
The conditions which shall be applicable to the Successful Bidder include the
Purchaser shall continue to operate company's manufacturing facility and shall
not in any way abandon, cease to operate or otherwise shutdown the existing
Company manufacturing facility, the cost of Golden Hand Shake Scheme (GHS) for
permanent workers and Voluntary Separation Scheme (VSS) for the permanent
executives will be shared equally between the new buyer and the Privatisation
Commission and the bidder shall bid on the basis of audited accounts of June
2006 or the latest audited accounts available and may also factor the latest
un-audited accounts available prior to the bidding. Information Memorandum,
Bid Documents, and a tentative time frame for the process will be provided to
pre-qualified parties only. All matters including terms, conditions,
warranties, indemnities relating to the privatisation process shall be
communicated to all Qualified Bidders from time to time prior to the Bid Date.
The PC has asked the investors to provide the details as name of Company /
group and its background information, Audited financial statements for the
preceding three years, Details of ownership/group structure along with copies
of Computerized National Identity Card (CNIC) of the Directors / Partners,
Name, Address, Telephone, Mobile, Fax, Email of the Focal Person to be
contacted, Pending litigation against the Company and the Director(s) and
Individual investors or consortium of investors to particularly state that
they are applying as investors and provide two bank references to confirm
their net worth for the last three years.
National Fertilizer Corporation of Pakistan Limited (NFC) owns Hazara
Phosphate Fertilizers Ltd (HPFL). It is an unlisted public company registered
under the Companies Ordinance 1984. The authorized share capital comprises of
20 million ordinary shares of Rs. 10/- each whereas the issued, subscribed and
paid up shares are 19.143 million of Rs. 10/- each i.e. Rs. 191.432 million.
HPFL produces Granular Single Super Phosphate (GSSP). The Sulphuric Acid
required for the production of GSSP is also produced within the unit. The
plant was rehabilitated and re-commissioned in April 1999. The production
capacity is: Granular Single Super Phosphate (GSSP) 90,000 Metric Ton Per
Annum and Sulphuric Acid 30,000 Metric Ton Per Annum. The marketing of the
product is carried out by NFC's subsidiary company, National Fertilizer
Marketing Limited (NFML). A summary profile of the company is available on the
website of Privatisation Commission under Hazara Phosphate Fertilizers
Ltd (HPFL). www.privatisation.gov.pk