Financial Situation. 3.1 Financial Performance (a)Submission of audited balance sheets and other financial statements acceptable to the Employer, for the last two [2] years to demonstrate Financial Capacity: (b) Computation shall be made for the following Ratios and marks awarded to each of the ratios: -Working Capital Ratio - Turn Over ratio - Current ratio - Fixed Asset ratio (a) Submission of a Signed, Stamped Audited Statement Score 0- 2marks (b) Computation of ratios Score 0 – 8 Marks Each of the Ratios shall be Evaluated based on the Submissions signed by the Auditor Section 7, Schedule 8 (a) All pages must be initialized and stamped by both a practicing Auditor registered with ICPAK and one of the Directors. Auditor’s practicing membership number from ICPAK must be indicated. (b) All pages must be initialized and stamped by the issuing bank
Financial Situation. Financial indictors prove Offerors long term sustainability and possession of sufficiently sound financial position to ensure it can meet its financial commitments under the Agreement. This will be evaluated through the submitted Audited Financial Statements of the past three years that is 2014, 2015 and 2016.
Financial Situation. 3.1 Financial Performance (a)Submission of audited balance sheets and other financial statements acceptable to the Employer, for the last two [2] years to demonstrate Financial Capacity: Computation shall be made for the following Ratios and marks awarded to each of the ratios: -Working Capital Ratio - Turn Over ratio - Current ratio - Fixed Asset ratio (b) A reliable line of credit and/or capacity to have a cash flow equivalent to equivalent to Kshs. 50,000,000 (a) Score 0 – 10 Marks Each of the Ratios shall be Evaluated based on the Submissions signed by the Auditor (b) Score 0 – 2 Marks Section 7, Schedule 8 (a) All pages must be initialized and stamped by both a practicing Auditor registered with ICPAK and one of the Directors. Auditor’s practicing membership number from ICPAK must be indicated. (b) The Line of Credit Must be Explicit on the Offer from the Bank and indicate unconditional Offer. (c) All pages must be initialized and stamped by the issuing bank Qualification Criteria Compliance Requirement Documentation No. Subject Requirement Bidder Submission Requirements
Financial Situation. The Purchaser is an "accredited investor" as that term is defined in Securities and Exchange Commission Rule 501 of Regulation D of the Securities Act of 1933, as amended and presently in effect. The Purchaser has adequate means of providing for such Purchaser's current needs and possible personal contingencies, and has no need for liquidity of such Purchaser's investment in the Company, such Purchaser can bear the economic risk of losing such Purchaser's entire investment herein, such Purchaser has such knowledge and experience in financial and business matters that such Purchaser is capable of evaluating the relative risks and merits of this investment, and such Purchaser's overall commitment to investments which are not readily marketable is not disproportionate to such Purchaser's net worth and the investment made hereby will not cause such overall commitment to become excessive.
Financial Situation. The Purchaser has adequate means of providing for such Purchaser’s current needs and possible personal contingencies, and has no need for liquidity of such Purchaser’s investment in the Company, such Purchaser can bear the economic risk of losing such Purchaser’s entire investment herein, such Purchaser has such knowledge and experience in financial and business matters that such Purchaser is capable of evaluating the relative risks and merits of this investment, and such Purchaser’s overall commitment to investments which are not readily marketable is not disproportionate to such Purchaser’s net worth and the investment made hereby will not cause such overall commitment to become excessive.
Financial Situation. (a) The Seller has delivered to the Purchaser a true and complete copy of (i) the audited financial statements (including the balance sheet the profit and loss statements and annexes thereto) of each of the Companies (the "1999 Audited Financial Statements") and the unaudited proforma consolidated financial statements (based on the assumption that all Companies were at that date fully owned by AIMDF) (constituted by the balance sheet and the profit and loss statements) of the Companies, each as of and for the year ended on December 31, 1999 (hereinafter the "1999 Unaudited Consolidated Financial Statements" and together with the 1999 Audited Financial Statements, the "1999 Financial Statements"), and (ii) the unaudited financial statements (constituted by the balance sheet, and profit and loss statements) of each of the Companies, except for CAE (it being specified however that the Seller hereby represents and warrants that the results of CAE for the period as from January 1, 2000, until June 30, 2000, will be materially consistent with past results), each as of and for the period ended on June 30, 2000 (hereinafter together the "June 30, 2000 Financial Statements", and collectively with the 1999 Financial Statements, the "Financial Statements"), which are attached hereto as Schedule 4.5 (a).
Financial Situation. 3.1 Financial Performance (a)Submission of audited balance sheets and other financial statements acceptable to the Employer, for the last two [2] years to demonstrate Financial Capacity: Computation shall be made for the following Ratios and marks awarded to each of the ratios: -Working Capital Ratio - Turn Over ratio - Current ratio - Fixed Asset ratio (a) Submission of a Signed, Stamped Audited Statement Score 0- 2marks (b) Computation of ratios Score 0 – 8 Marks Section 7, Schedule 8 (a) All pages must be initialized and stamped by both a practicing Auditor registered with ICPAK and one of the Directors. Auditor’s practicing membership number from ICPAK must be indicated. (b) All pages must be initialized and stamped by the issuing bank
Financial Situation. What net worth (deposits and investments less liabilities) you have, and the sources and amount of your income. We will consider the size of any transaction compared to the overall value of your net worth (assets minus liabilities).
Financial Situation. (i) The Financial Statement is attached to the present Contract as Annex B. (ii) The Financial Statement of the Company, which has been prepared in compliance with the applicable provisions of law and with the Accounting Principles, clearly and accurately reflects, providing a faithful picture thereof, the economic and financial situation of the Company. The Company has no actual or potential contingencies or contingent liability towards third Parties, nor debts, properties, guarantees or similar, which are not reflected in the Financial Situation, according with Accounting Principles. (iii) Up to the date of the Financial Statement, the Company has not incurred in any kind of liability other than the ones arising out of the carrying out of Company’s normal activities.
Financial Situation. 3.1 Financial Performance (a)Submission of audited balance sheets and other financial statements acceptable to the Employer, for the last two [2] years to demonstrate Financial Capacity: Computation shall be made for the following Ratios and marks awarded to each of the ratios: -Working Capital Ratio - Turn Over ratio - Current ratio - Fixed Asset ratio (b) A reliable line of credit and/or capacity to have a cash flow equivalent to equivalent to Kshs. 50,000,000 (a) Score 0 – 10 Marks Each of the Ratios shall be Evaluated based on the Submissions signed by the Auditor (b) Score 0 – 2 Marks Section 7, Schedule 8 (a) All pages must be initialized and stamped by both a practicing Auditor registered with ICPAK and one of the Directors. Auditor’s practicing membership number from ICPAK must be indicated. (b) The Line of Credit Must be Explicit on the Offer from the Bank and indicate unconditional Qualification Criteria Compliance Requirement Documentation
