Appointment of Statutory Auditor for Punjab Alkalies & Chemicals Limited (2017-18).

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EoI for empanelment as Statutory Auditors of Shivaji University for the year 2017-18.

Appointment of Statutory Auditor for Punjab Alkalies & Chemicals Limited for The Financial Year 2017-18

PUNJAB ALKALIES & CHEMICALS LIMITED (“PACL” or “the Company”) is a Public Limited Company formed under the Companies Act, 1956. It was promoted by the Punjab State Industrial Development Corporation Limited (PSIDC), a wholly owned Punjab Government Company. The Company’s registered office is located at Chandigarh.

PACL is one of the largest manufacturers of Caustic Soda (NaoH) in the Northern part of India with an installed capacity of 99000 Tons Per Annum (TPA). The Company is engaged in the manufacture and sale of Caustic Soda Lye, Liquid Chlorine, Hydrochloric Acid, Sodium Hypochlorite and Hydrogen Gas. The Company’s plant is located at Naya Nangal, District Ropar,Punjab.

PACL has two manufacturing units viz. Unit-I & II, both located at Nangal-Una Road, Naya Nangal, District, Ropar, Punjab. Both the Units are engaged in manufacture of Caustic Soda, Liquid Chlorine, Hydrochloric Acid and other products such as Sodium Hypochlorite and Hydrogen. Unit-I & II have a capacity of 100 TPD and 200 TPD respectively.

PACL has decided to invite bids from reputed firms of Chartered Accountants for conducting Statutory Audit of the Company for the Financial Year 2017-18.

SCOPE OF WORK:

To conduct the Statutory Audit of the Company for the financial year 2017-18 as per the provisions of the Companies Act, 2013.

QUALIFYING REQUIREMENT OF BIDDERS:

  • The bidder should have minimum 15 years’ experience in conducting Internal Audit or Statutory Audit of manufacturing companies.
  • The bidder must have conducted Internal Audit or Statutory Audit of at least one manufacturing company having turnover of Rs. 350 Crores or more.
  • The bidder should be a reputed firm of Chartered Accountants based in Chandigarh Tri city.
  • The Firm should have annual turnover of minimum Rs. 25 lakhs in the previous year.
  • The Firm must have minimum one FCA partner.

The audit team should be headed by a Chartered Accountant having experience of 3-5 years in conducting audits. The above stated requirements are minimum. However, PACL reserves the right to ask for any additional information and also reserves the right to reject the proposal of any bidder, if in the opinion of PACL, the qualification data provided by the bidder is not complete/ satisfying or the bidder is not qualified.

Notwithstanding anything stated above, PACL reserves the right to assess bidder’s capability and capacity to perform the work and may relax the qualifying requirement in overall interest of PACL.

Bidders should submit their bid within 14 days from the date of publication of the tender notice i.e. up to 1700 hours IST on the July 29, 2017 at the specified address in the manner as mentioned in the tender documents.

For details click below⇓

Notification

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