todays paper, page-3

Hi safri,

GRGO - Exercise Price: $0.20 Expiry Date: 30/06/2013
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Hi Mack,

"One for the punters"

One for the gullible - muddy waters make it easy to catch fish...

Anyway, I'm not sure what MoU the company are talking about but it appears that the "tender" was extended to 14.03.2012 with the following amendments:

Ref. No. HO/IT/6642 Dt. 12.03.2012 Amendment

5. Eligibility Norms – Page 7

Prime bidders who desire to participate should have accomplished the following minimum requirement criteria:

11.1 Prime Bidder or Associate bidder/s should be a registered company in India under Companies Act 1956 and should have been in operation for at least two years as on date of RFP.

Copy of the Certificate of Incorporation and Certificate of Commencement of Business to be submitted. The Minimum annual turnover of the Prime Bidder should not be less than Rs. 20 crores in the last financial year as per audited financial statements and prime and/or associate bidder turnover out of ATM related Indian operations should not be less than Rs 5 crore.
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(For anyone not familiar with the conversion reference above: Rs 20 Cr = € 4 million Euro)
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11.2 The Prime Bidder or its wholly owning Parent or Associate bidder/s Company should have maintained Positive Net Worth / Net Profit during the last two financial years, i.e. 2009-10 and 2010-11.

11.3 Prime Bidder or Associate bidder/s should have currently providing outsourced services to at least 100 ATMs in Nationalised Bank/Other Commercial Bank/Regional Rural Bank(RRB)/State or District Central Cooperative Bank/Private Bank in India. (All the ATMs proposed to be installed should be manufactured/assembled in India within 6 months from the date of award of tender).

11.4 Prime Bidder or Associate bidder/s should be owning or managing a Financial Switch with a capacity for at least 1000 ATMs and should have firmed up supply and service support arrangements with ATM suppliers and providers of Managed Services and other services;

11.5 Prime Bidders or Associate bidder/s have to submit documental evidences of firmed up arrangements with other vendors/ subcontractors/bidders. Prime Bidders are not likely to be considered who failed to submit documental evidences (MAF/SAF to be considered as proof) with an undertaking of furnishing other documents 7 days
2 from the date of selection/purchase order .

11.6 Prime Bidder or associate bidder/s should have experience of providing services such as help desk support, On-site handholding support etc.

11.7 Prime Bidders / Associate Bidders/ their agents / partners should have, singly or jointly, service centers in the districts of West Bengal and a commitment to further expanding the service/support network in keeping with the requirements of the Bank;

11.8 The participating bidders are required to provide on request explicit documentary evidence in support of their meeting the said minimum requirement criteria. WBSCB will evaluate the response to the RFP of the bidders/ Prime Bidders who are found eligible as per the above minimum requirement criteria.

11.9 Prime Bidder or associate bidder should have a disaster recovery centre and business continuation plan in place or they should give a undertaking that the same can be made available with an year from the date of commencement of the project. 11.10 Prime Bidder or associate bidder should not have been blacklisted by any PSU Bank / IBA/RBI during the last five years.

Annexure 8 – Page 47
64. Eligibility Criteria Fulfillment
The Managing Director in Charge
THE WEST BENGAL STATE COOPERATIVE BANK LTD.
24A,Waterloo Street
Kolkata - 700069

www.wbscb.com