|
|
|
|
|
The Privatisation Commission has set January 22, 2008 as the last date to
receive Expression of Interest (EOI) from the potential and prospective
investors for the acquisition of minimum of 90% shares of Pakistan Machine
Tool Factory (Pvt.) Ltd. (PMTF) together with management control on ‘as is,
where is’ basis. All the parties, which shall submit EoI, would be sent
Request for Statement of Qualification (RSOQ) inviting Statement of
Qualification (SOQ), which shall form the basis of pre-qualification. The last
date to receive RSOQ is February 7, 2008.
The interested parties have been asked to clearly provide the information with
EOI including name of company, nature of business and other background
information along with copies of constitutive documents, proof of net worth of
Rs.1 billion as per audited financial statements, duly certified by a firm of
Chartered Accountants, for the latest year but not earlier than December 2006,
list of director(s) along with copies of Computerized National Identity Card (CNIC)
and National Tax Number (NTN), Name, Address, Telephone, Mobile, Fax, Email of
the Focal Person to be contacted, pending, threatened litigation(s) against
the company and the director(s) and in the event of a consortium, the
consortium will be required to provide a consortium agreement identifying the
lead bidder (a company) and setting forth obligation inter-se of consortium
members.
The Privatisation Commission (‘PC’) has invited Expression of Interest (EOI)
from prospective investors i.e. companies or consortia engaged in
manufacturing or engineering business who can demonstrate the ability to own
and efficiently manage and operate the Company for the acquisition of minimum
of 90% shares of Pakistan Machine Tool Factory (Pvt.) Ltd. (PMTF) together
with management control on ‘as is, where is’ basis.
Pakistan Machine Tool Factory (Private) Limited (PMTF) is a unit of State
Engineering Corporation (Private) Limited (SEC) under the administrative
control of Ministry of Industries, Production & Special Initiatives. PMTF is a
private limited company with 100% shares owned by the Government of Pakistan
(GOP). The factory was established in 1968 under the technical collaboration
with Oerlikon Buhrle of Switzerland with paid-up capital of Rs.291.696
million. It commenced commercial production in 1970 and obtained ISO 9001:2000
certifications in 1997/2000.
The Company’s machinery and ancillary facilities to support manufacturing
activities include a variety of conventional and CNC facilities within its
premises, as Forging, Machining (Turning, Milling, Gear Cutting, Gear
Grinding, Broaching, Spline Rolling, Boring, etc), Pressure Die Casting, Heat
Treatment, Surface Treatment, Material Testing, Product Designing, Tool
Designing, Tool Room Shop, Sheet Metal & Welding Shop, CNC Shop, Electronic
Lab., Machine Rebuild Shop & Power Station. PMTF expanded and modernized its
production facilities in 1986 and 2005 to meet the requirements of enhancing
the product-mix in accordance with market demand.