REQUEST FOR EXPRESSION OF INTEREST (EOI)
FOR
EMPANELMENT WITH
INDIA INFRASTRUCTURE FINANCE COMPANY LTD. (IIFCL)
AS
SECURITY TRUSTEE
TO BE SUBMITTED BEFORE
1.00 PM on AUGUST 05, 2016
INDIA INFRASTRUCTURE FINANCE COMPANY LTD. (IIFCL),
8TH FLOOR, HINDUSTAN TIMES BUILDING,
18 & 20, KASTURBA GANDHI MARG,
NEW DELHI - 110 001
Introduction
India Infrastructure Finance Company Ltd. (IIFCL) is a wholly-owned Government of India company set up in 2006 to provide long-term finance to viable infrastructure projects through the Scheme for Financing Viable Infrastructure Projects through a Special Purpose Vehicle called India Infrastructure Finance Company Ltd (IIFCL), broadly referred to as SIFTI. IIFCL has been registered as a NBFC-ND-IFC with RBI since 9th September 2013. IIFCL has made cumulative gross sanctions of over Rs 92,500 Crore and has made cumulative disbursements of around Rs 47,000 Crore, including under Refinance and Takeout Finance Scheme, till 31st December 2015. IIFCL has now decided to act as Lead Lender and accordingly consider sanction of loans on the basis of its own appraisal.
Invitation of Expression of Interest
IIFCL invites Expression of Interest (EOI) for the empanelment of reputed Trustee which is Registered/Issued License/Certificate by Securities Exchange Board of India (SEBI) under “Composite” License category to act as “Security Trustee” to hold the security on behalf of lenders/consortium of lenders till the time, the loan is settled.
Detailed indicative scope of work of a Security Trustee is given at Annexure - A.
Eligibility Criteria
(i) The firm/company should have been in existence in India for a period of at least 5 years in the service of Trusteeship.
(ii) Security Trustee should be on the panel of at least 3 large public sector banks or institutions like REC, PFC, IDFC, IL&FS, NHAI, MORTH, etc.
(iii) Minimum 5 years’ experience as Security Trustee in the sector with scope/ nature of services offered in the past.
(iv) The Security Trustee should have minimum strength of 5 professionals on its roll.
Methodology for Empanelment
Methodology and process of empanelment is as under:
Stage 1
Expression of Interest (EoI) along with technical proposal submitted by Eligible Entities/ Companies.
Stage 2
Eligible Entities/ Companies which clear/qualify the eligibility criteria would be considered for the next stage of evaluation. These entities will be evaluated based upon:
1. The Entities/company in existence in India for a period of at least 5 years in the area of security trustee i.e. SEBI License must have been obtained prior to 01st April, 20011
2. Experience of the firm in working with large public sector banks or institutions like REC, PFC, IDFC, IL&FS, NHAI etc.
3. Experience of the firms in working as Trustee on infrastructure projects.
4. Number of professionals and diversity of the specialist on the roll of the firm.
5. Outreach of the Entities/ Company i.e. number of states/UTs which can be covered by the agency.
6. Awards and Recognitions in the field of Trustee service with specific reference to infrastructure sector.
The evaluation shall be undertaken by a Selection Committee.
Stage 3
Eligible Entities/ Companies which qualify for empanelment, in the evaluation will be issued an “in principle” approval for empanelment with IIFCL.
Stage 4
As and when required on project to project basis, the financial proposal / bids / Quotations will be invited out of the empaneled Entities/ Companies with IIFCL. Minimum of 3 quotations shall be called based on the location and nature of the project from the panel maintained with IIFCL
Stage 5
The Financial proposal/ bids for each project will be evaluated and work allotment will be made to lowest (L-1) bidder. On acceptance of bid the L-1 bidder would be required to enter into a Memorandum of understanding / Appointment Agreement on case to case basis. In the event of L1 not taking up the assignment or firm disqualified for the appointment as Security Trustee for any reason, and then L2 shall be eligible for the assignment.
Note: Empanelment with IIFCL does not give guarantee for any work. No firm empaneled with IIFCL can demand a contract an assignment.
How to Apply
Interested parties may submit their duly completed and signed by the authorized signatory, the Expression of Interest”(EOI) as per the prescribed application form (attached as Annexure-B) in a sealed cover subscribing “Expression of Interest For Empanelment of Security Trustee” to “CGM (Credit), India Infrastructure Finance Company (IIFCL), 8th Floor, Hindustan Times Building, 18 & 20, Kasturba Gandhi Marg, New Delhi - 110001”on or before 5th August, 2016, 1.00 pm, IST to CGM – Credit, IIFCL.
In case of any query, interested party may contact any of the following officials:
a) Shri Pankaj Singh, AM (Mobile No.09599499836)
b) Shri Ishant, Varma, AM (Mobile No. 09654659511)
c) Shri Jeewan Kumar, GM (Mobile No.09654940200)
The EOI document can be viewed and /or downloaded from tenders section of IIFCL’s website http://www.iifcl.co.in/ from 4th July, 2016 to 5th August, 2016.
Date of opening
The EOIs will be opened on 5th August, 2016 at 3.00pm.
General Conditions:
1. The Applicant should be Entities/ Companies duly incorporated in India under the relevant law Registered/Issued License/Certificate by Securities Exchange Board of India (SEBI). In case of company, a copy of the Memorandum of Association (MOA)/Article of Association (AOA) along with a copy of Certificate of incorporation or registered unregistered partnership deed in case of partnership firms and any other relevant document and License issued by SEBI shall be submitted along with application form.
2. The applicant should meet the eligibility criteria as stated above under the heading “eligibility criteria”
3. The Applicant should submit its detailed profile along with turnover in the last three financial years and attach audited Balance sheets.
4. The Applicant or any of the promoters/directors / partners should not have defaulted / been blacklisted regarding bad performance or for any other reason by any State Government or Central Government/Department, banks or Financial Institution from participating in Projects/either individually or as a member of a consortium as on the date of submission of EOI.
5. Summary of regular/permanent professional a roles and key Personnel including the nature of specialization, qualifications and experience should be enclosed along with certificates
6. The Security Trustee already working for IIFCL for any assignment are required to submit their fresh applications for empanelment.
7. The Applicant should submit a non-refundable Application Fee of Rs.1000/-(Rupees One Thousand Only) in the form of Demand Draft/ Pay Order in favor of “India Infrastructure Finance Company Limited” payable at Delhi along with their EOI. Applications not accompanied with Application fees, shall be summarily rejected.
Other Conditions for Application
1. This EOI should not be treated as a commercial tender document and Applicant are advised not to offer any price or include any financial aspect with their response. This EOI does not constitute and will not be deemed to constitute any commitment or Confirmation on part of IIFCL for any work to the Applicant’(s).
2. Applicant shortlisted for empanelment in the aforesaid EOI shall be issued letter of Empanelment by IIFCL. The maximum validity of such Empanelment shall be one year which may be extended or curtailed at the sole discretion of IIFCL and the performance of individual empaneled entity.
3. The Applicant shall bear all costs associated with the preparation and submission of its response to this EOI, including cost of Demo/Presentation for the purpose of clarification of the offer, if so desired by IIFCL. IIFCL will in no case be responsible for these costs, regardless of the conduct or outcome of the EOI process.
4. The EOI document duly completed and signed by the authorized signatory should be submitted in a sealed cover subscribing “Expression of Interest For Empanelment of Security Trustee” to “CGM (Credit), India Infrastructure Finance Company (IIFCL), 8th Floor, Hindustan Times Building, 18 & 20, Kasturba Gandhi Marg, New Delhi - 110001”.
In case of any query, interested party may contact any of the following officials:
a) Shri Pankaj Singh, AM (Mobile No.09599499836)
b) Shri Ishant, Varma, AM (Mobile No. 09654659511)
c) Shri Jeewan Kumar, GM (Mobile No.09654940200)
5. The application shall be submitted only as per the enclosed format (s) along with Annexure(s), Self-attested documentary proof(s) in respect of the details furnished in the application form shall be submitted along with the application fee. The intending candidates shall also submit the list of such projects where due to any disputes litigation/arbitration was invoked and or the services were abandoned/suspended by the Security Trustee. Suppression of any information in this regard may lead to cancellation of empanelment of the Firm/Company concerned, if such information comes to the notice of India Infrastructure Finance Company Ltd. (IIFCL) after empanelment. Incomplete applications will be summarily rejected.
6. The application shall be signed by the authorized person (s) of the firm. All pages of the documents shall be signed / stamped
7. Proper due diligence should be exercised before providing information against the EOI. Only relevant and precise information should be provided
8. At any time prior to the last date for receipt of offers, IIFCL may for any reason, whether at its own initiative or in response to a clarification requested by a prospective
Applicant, modify the EOI document and all formats including annexure by issuing clarification(s) and/or amendment(s). In order to provide prospective Applicants reasonable time to take the amendment into account in preparing their offers, IIFCL may, at its sole discretion, extend the last date for receipt of offers and/or make other changes in the requirements set out in the invitation for EOI. While this EOI has been prepared in good faith, neither IIFCL nor its employees make any representation or warranty, express or implied, or accept any responsibility or liability, whatsoever, in respect of any statements or omissions herein, or the accuracy, completeness or reliability of information, and shall incur no liability under any law, statute, rules or regulations as to the accuracy, reliability or completeness of this EOI, even if any loss or damage is caused by any act or omission on their part. Applicants who are willing to work with IIFCL may kindly send their EOI in line with the aforesaid requirements.
10. Submission of Application shall not automatically constitute qualification for evaluation. IIFCL reserves the right to reject any or all Application, or to annul the selection process and reject all the Application, without thereby incurring any liability to the affected applicants, nor does it have any obligation to inform the Applicants the grounds for such action
Annexure – A
SCOPE OF WORK
A. Advise on security creation procedure and stamp duty provisions/implications.
B. Create/hold the security in its own name (acting as trustee for Lenders).
C. Keep the security documents and documents of title in safe custody.
D. Act upon the instructions of Lenders.
E. Monitor the security & if need be, review financial position of Borrowers from time to time.
F. Monitor the Asset Coverage Ratio, if stipulated.
G. Maintain Records and submit various reports to the Lenders.
H. Re-convey the mortgaged properties on repayment.
I. Enforce the security, if need be.
J. Monitor insurance policies Liaoning with the Lead Lender and the Lenders’ Legal counsel on drafting, finalization and execution of the security documents.
K. Disseminating the information between the Lenders on any matter pertaining to the covenants or terms or conditions of the loan and security.
L. Assisting the Borrowers and the Lenders in overall coordination and ensuring amooth financial of the project.
The above list of activities is indicative and depending on the nature / scope of each project. The items in the list shall be added / deleted / amended on case to case basis.
Annexure – B
APPLICATION FORM FOR EMPLANELMENT OF SECURITY TRUSTEE
Sr. No. / Particulars / Details1. / Name of the Organization
2. / Address
3. / Contact Details
a. / Mobile Number
b. / Telephone Number (Land line)
c. / Fax Number
d. / Email id
4. / Organization Details / To be filled as per Annexure - I
5. / Details of Directors/ Partners/ Proprietor / To be filled as per Annexure - II
6. / List of Assignments in handled / To be filled as per Annexure - III
7. / Financial Position / To be filled as per Annexure - IV
8. / List of Empanelment’s
9. / List of consultants / Insurance Experts associated on regular basis, if any / To be filled as per Annexure - V
10. / Affidavit / As per Annexure- VI
Signature of the applicant
Name & Designation
Place:
Date:
Annexure -I
Organizational Details
Sr. No. / Particulars / Details1. / Organizational Set-up:
- Year of Establishment
- Status of Firm / Organization/ Company etc.
- Empanelment with Govt. Organizations / Public sector/ Bank / Finalization
- (Mention names along with copies of Certificates) / S.N / Name of Organization / Empaneled as Security Trustee since when please enclose certificated for each empanelment / Nature Specification of empanelment
1.
2.
3.
4.
5.
6.
2. / Staff Strength (Regular)
3. / Staff Strength (Outsource)
Signature of the applicant
Name & Designation
Place:
Date:
Annexure -II
Details of Directors/ Partners/ Proprietor
Sr. No. / Name of Partners/Directors / Proprietors / Academic Qualifications / Designation / Address / Phone / Fax / e-mailSignature of the applicant
Name & Designation
Place:
Date:
Annexure -III
List of Assignments handled
Sr.No. / Name of Lead Bank/Lender / Name of Client / Name of work/ Project / Date of Commencement of Assignment / Date of Completion of Assignment / Remarks, if anyNote:
The list of assignment mentioned should be substantiated with documentary evidence such as work orders or agreements etc. in the absence of which the application is liable to be rejected.
Signature of the applicant
Name & Designation
Place:
Date:
Annexure -IV
Financial Position
Rs. Lakh
Sr. No. / Financial year / Turnover / Profit / Loss (-)1. / Financial Year 2012-13
2. / Financial Year 2013-14
3. / Financial Year 2014-15
Signature of the applicant