Submission of Bids
Chartered Accountant / legal / consultancy firms satisfying
the eligbility criteria are invited to submit bids for selection as
Advisors to -
Chief Executive Officer
SIDBI Venture Capital Ltd
Jolly Maker Chambers II
Mumbai - 400 021
SVCL reserves the right to accept or reject any or all bids without
assigning any reasons thereof. The bids shall consist of two parts
viz. technical bid and financial bid. Technical and financial bids
shall be submitted in separate sealed envelopes superscribed
as “Technical bid (or) Financial bid (as may be applicable) for Advisors
of SIDBI Growth Fund”. The technical bid shall not contain any details
of the financial bid.
Contents of the technical bid
The technical bid should contain the following information:
a. Full particulars of the constitution,
ownership and main business activities of the prospective Advisor.
b. The bio-data of principal partners
of the firm.
c. Details of previous experience
in respect of structuring venture capital funds. This should contain
details of name(s) of VC fund(s), fund corpus, VC fund sponsor(s),
scope of work, legal documents prepared, whether the VC fund was registered
with SEBI etc.
d. Additional work done in respect of
domestic VC funds such as due diligence of VC investment proposals,
taxation work relating to the VC funds, statutary / internal audit
of VC funds etc.
e. Details of pending litigation
against the firm which could affect the performance of bidder as also
details of any past conviction and pending litigation against partners
/ directors etc., and any areas of possible conflicts of interest.
f. Details of team who will
be handling the proposed work, their status in the organisation, their
qualification and experience.
g. An approach note on the design
and structure of the envisaged fund.
h. A realistic time schedule for
completing the above assignment with complete break up of activities
to be undertaken.
Contents of the financial bid
The fee quoted shall be given under the heads (i)
professional fee, (ii) out of pocket expenses, (iii) taxes, if any
and (iv) other expenses. The bid should be unconditional. All the
information sought above, and any other additional relevant information
considered necessary by the bidder, should be sent in 2 copies to
the under mentioned officer as part of the bid. Quotations not fulfilling
any or all of the conditions prescribed or which are incomplete are
liable to be rejected.
The last date for submissions shall be as of close of business
hours (5.30 p.m.) of March 19, 2004. No consideration will be given
to a quotation received after the time stipulated above and no extension
of time will be permitted for submission of quotation.
Canvassing in any form in connection with the response to the bid
is strictly prohibited and will disqualify the bidder. The decision
of SVCL in this regard is final and binding on all Vendors.
Based on the capability and competency of the bidder and the suitability
of their approach to SVCL’s requirements, the eligible bidders will
be identified. The financial bids of only such bidders will be opened.