State apex maritime regulator body,
Maharashtra Maritime Board (MMB) is set to appoint consultant to compute the
value of tangible assets and liabilities of M/s Rewas Port Ltd as on 31st March
2017, says a note on 11th Oct. Based on the above background, the
brief scope of work is evaluate (i) Expenditure incurred as stated by M/s Rewas
Port Ltd. On Rewas Port project (ii) Valuation of Identified Assets (created
and/or acquired) (iii) Valuation of Liabilities (created and/or acquired).
MMB would provide support in procuring the
requisite documents for the valuation study as per the request/ list provided
by the consultant upon issuance of LOI. The following information would be
tentatively (based on availability and on best effort basis) provided for the valuation
exercise: 1. Last 3 years (FY15-17) Audited Balance Sheet and Financial
Statements of the Target Company 2. KYC Documents: MOA, AOA, list of directors
and their identity details 3. Latest Shareholding pattern of the Target Company
4. Concession Agreement and status of the Concession Agreement 5. Asset
Details: a. Land Acquisition status: How much land is acquired and details of
the land type. b. Capital expenditure carried out till date c. Break up
Tangible and Intangible Assets d. Asset Register 6. Detailed Project Report 7.
List of Approvals obtained.
Rewas Ports Limited, an SPV for the
development, operation and management of the port, is being promoted by the
Reliance Group which has entered into a concession agreement with Maharashtra
Maritime Board. MMB is planning to undertake valuation exercise for Rewas Port
Ltd. in order to ascertain its current value. Accordingly, MMB is seeking
services from qualified financial consultants to assist them in undertaking a
valuation exercise of Identified Assets (created and/or acquired) including
land bank of M/s Rewas Ports Ltd. and prepare a report.