| 7.1 |
REGISTERED
OFFICE AND |
House
No. 28-B |
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SHARED
DEPARTMENT |
Street
23, F-6/2, Islamabad |
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Pakistan |
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Tel:
92-51-275164 (5 lines) |
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Fax:
92-51-825465 |
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7.2 |
BANKERS OF THE COMPANY |
ANZ Grindlays p.l.c |
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Bank
AI-Habib Limited |
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Crescent
Bank Limited |
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Prime
Commercial Bank Limited |
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Prudential
Commercial Bank Limited |
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Askari
Commercial Bank Limited |
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7.3 |
BANKERS OF THE ISSUE |
Allied Bank of Pakistan Limited |
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Askari
Commercial Bank Limited |
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First
Women Bank Limited |
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Habib
Bank Limited |
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Muslim
Commercial Bank Limited |
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National
Bank of Pakistan Limited |
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Prime
Commercial Bank Limited |
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Prudential
Commercial Bank |
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United
Bank Limited |
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7.4 |
AUDITORS |
Taseer Hadi Khalid & Co. |
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Chartered
Accountants |
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6th
Floor |
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State
Life Building No.5 |
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Blue
Area, Islamabad |
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Tel:
819261-2 |
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Fax:
818721 |
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7.5 |
LEGAL ADVISORS |
Samad Law Associates |
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G
253-A, Liaqat Road |
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Rawalpindi
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Tel:
72819 |
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Fax:
531935 |
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7.6 |
BALLOTTERS |
KPMG Peat Marwick Associates |
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First
Floor, Hannan Center |
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55
DACHS, Block 7 & 8 |
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Main
Shara-e-Faisal |
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Karachi
753350 |
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Tel:
4543 335-7 |
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Fax: 4546290 |
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7.7 |
CONSULTANTS |
Taseer Hadi Khalid & Co. |
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Chartered
Accountants |
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6th
Floor |
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State
Life Building No.5 |
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Blue
Area, Islamabad |
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Tel:
819261-2 |
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Fax:
818721 |
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| 7.8 |
MATERIAL
DOCUMENTS AND CONTRACTS |
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a) |
Implementation Agreement dated November 23, 1994 with the Government
of |
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Pakistan. Supplement No.1 to IA dated 07 March 1995. Substitution
Agreement
relating to IA dated October 19, 1995. |
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b) |
Power Purchase Agreement dated November 17, 1994 with WAPDA
for bulk |
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purchase of electric power. Amendment No.1 to the PPA dated
October 25,
1995. Substitution Agreement relating to PPA dated October 22,
1995. |
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c) |
First Amended & Restated Fuel Supply Agreement dated October
24, 1995. |
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Substitution Agreement with PSO for FSA dated October 12, 1995.
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d) |
EPC Contract dated July 28, 1995 with ABB, Germany, SEMT Pielstick, |
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France & Zelin Pakistan (Pvt.) Limited for the supply &
commissioning of plant
and equipment. |
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e) |
O&M Contract dated July 28, 1995 with B.C. Hydro International
Power |
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Development Corporation for the operation & maintenance
of the Power Complex. |
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f) |
Agreement with Messrs. ANZ Banking Corporation Limited, France
dated |
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October 25, 1995 for financing facility of US $ 21,948,000. |
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g) |
Bank Guarantee Facility Agreement dated October 25, 1995 with
Bank |
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Guarantee Consortium, comprising AI Faysal lnvestment Bank Limited,
Allied
Bank Limited, Askari Commercial Bank Limited, Prime Commercial
Bank
Limited and Prudential Commercial Bank Limited. |
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h) |
Agreement with Messrs. National Development Finance Corporation
dated |
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October 25, 1995 for financing facility of US$ 35,000,000. |
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i) |
Agreement with Messrs. Sanwa Bank Limited, Japan dated October
25, |
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1995 for financing facility of US $ 35,000,000. |
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j) |
Subscription Agreement dated October 25, 1995 with Crescent
Investment |
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Bank Limited and First Capital Securities Corporation Limited.
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k) |
An Agreement for the Management of Construction, Erection, Testing
and |
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Commissioning of the Raiwind Power Station dated October 24,
1995 with B.C.
Hydro International Power Development Corporation and B.C. Hydro
International
Transpower Corporation. |
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l) |
Underwriting Agreement dated October 25, 1995 with Crescent
Investment |
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Bank Limited, First Capital Securities Corporation Limited for
underwriting
ordinary shares of Rs.10 for an amount equivalent to US $ 3
million. |
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7.9 |
INSPECTION OF DOCUMENTS AND CONTRACTS
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Copies
of the Memorandum and Articles of Association, Auditors' Certificates,
feasibility report and copies of the agreements referred to
in this Prospectus may be
inspected during the usual business hours on any working day
at the Registered Office
of the Company from the date of publication of the Prospectus
till the closing of
subscription. |
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7.10 |
LEGAL PROCEEDINGS |
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There
is no litigation or any suit pending against the Company nor
has the Company
instituted any proceedings against any party. |
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7.11 |
INDEMNITY |
|
Articles
105 of the Articles of Association of the Company provides that:
"Every officer or agent for the time being of the Company
may be indemnified out of the
assets of the Company against any liability incurred by him
in defending any
proceedings, whether civil or criminal, arising out of his dealings
in relation to the
affairs of the Company, except those brought by the Company
against him, in which
judgment is given in his favour or in which he is acquitted,
or in connection with any
application under Section 488 in which relief is granted to
him by the court." |
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7.12 |
MEMORANDUM OF ASSOCIATION |
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The
Memorandum of Association inter alia, sets forth the objects
for which the
Company was incorporated and the business which the Company
is authorized to
undertake. A copy of the Memorandum of Association is annexed
to this Prospectus
and is being published with all issues thereon except those
released as newspaper
advertisements. |
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7.13 |
SUBSIDIARY COMPANIES |
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The
Company has no subsidiary company. |
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7.14 |
VENDORS |
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The
Company has no vendors within the meaning of Clause 12 of Section
1 of Part 1 of
the Second Schedule to the Companies Ordinance, 1984. |
