tag:blogger.com,1999:blog-18183714.post7889178585828889616..comments2024-03-08T20:25:35.963+08:00Comments on Malaysia-Finance Blogspot: SalvadorDalihttp://www.blogger.com/profile/06868577716920232901noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-18183714.post-88852184355522012412008-04-20T16:01:00.000+08:002008-04-20T16:01:00.000+08:00ramunia has extended the bid bond guarantee furthe...ramunia has extended the bid bond guarantee further till 15.05.2008 as it could not submit bank guarantee for 69 M$. it is learnt that two of the three foreign banks approached by ramunia have refused financing the project. <BR/>Possibly RTO has been pulled off by MISC. and hence no bank is ready to finance the working capital requirement of Ramunia. Also due to poor balance sheet and credit rating, the vendors are not ready to supply the goods and services without letter of credit / advance payment by ramunia.wizardhttps://www.blogger.com/profile/16223172602266883543noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-40069912611684436972008-04-05T00:13:00.000+08:002008-04-05T00:13:00.000+08:00I do not understand how ramunia dared for this job...I do not understand how ramunia dared for this job. its past largest job is $75m. that too only fabrication. EPCIC jobs need much higher calibre and strong financials as significant working capital requirement is there. <BR/>If it is not able to raise the finance for almost 70 days from the order, it just cannot execute the order within time and will have to face LDs on such fast paced project. I think risk management systems have gone for a toss.wizardhttps://www.blogger.com/profile/16223172602266883543noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-58628797642898410542008-04-04T23:06:00.000+08:002008-04-04T23:06:00.000+08:00It seems that Ramunia is in serious trouble. it ha...It seems that Ramunia is in serious trouble. it has not submitted the bank guarantee within a month of securing contract nor secured insurance cover for the project. These two things are required before any payment is reimbursed to ramunia by ongc.<BR/><BR/><BR/>Following article appeared in IndianPetro.com<BR/>"<BR/>The consortium of Ramunia Fabricators Sdn Bhd and Ramunia International Services Ltd has emerged as the L-1 bidder under ONGC`s tender for construction of facilities under its B-193 field development project. Notably, the Malaysian consortium`s quotation of $683.827 million (Rs 2,710.01 crore) is around 1.54% lower than ONGC`s revised cost estimate of $694.5 million for this project.<BR/>However, there appears to be a wide variation with regard to the rates quoted by the L-2 and L-3 bidders under this tender as compared to Ramunia`s bid. The second-ranked bidder, Larsen & Toubro Ltd, had quoted a rate of $982.046 million (Rs 3,891.85 crore) for this project, while L-3 bidder Punj Lloyd Ltd had demanded a fee of a whopping $1.33 billion (Rs 5,281.25 crore) to take up the project. This indicates that the L-1 bid was 43.61% lower than the L-2 bid and almost a 100% lower than the L-3 bid."wizardhttps://www.blogger.com/profile/16223172602266883543noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-66301361736078475902008-01-21T19:18:00.000+08:002008-01-21T19:18:00.000+08:00no idea on the listing news in china...i will post...no idea on the listing news in china...<BR/><BR/>i will post on the blog when i think sentiment is right to return to stocksSalvadorDalihttps://www.blogger.com/profile/06868577716920232901noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-41859414178599961412008-01-21T18:25:00.000+08:002008-01-21T18:25:00.000+08:00after today brutal selldown in klse, is the end of...after today brutal selldown in klse, is the end of the spectacular bull run? any comments?MaxWealth88https://www.blogger.com/profile/01834318240586474397noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-45421152593382823882008-01-21T17:34:00.000+08:002008-01-21T17:34:00.000+08:00Hi Dali,Looks like China Coal is first to list, ah...Hi Dali,<BR/><BR/>Looks like China Coal is first to list, ahead of everyone else. Do you know the indicative price?<BR/><BR/>Any more news on China Mobile? Is the severe beating on China Mobile due to the announcement by the Chinese Gov on telco restructuring plan?<BR/><BR/>Appreciate your valuable commentsAnonymoushttps://www.blogger.com/profile/05099220414643000629noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-47814000655143336492008-01-21T17:15:00.000+08:002008-01-21T17:15:00.000+08:00Still got appetite after the global tsunami? Simil...Still got appetite after the global tsunami? Similar stocks like Cosco and Yangzijiang with excellent visible earnings for the next few years are taking a severe beating. Year of the Rat not good for water stocks like shipping and hence ship/rig building, so says fengshui master.Unknownhttps://www.blogger.com/profile/03689432601843975670noreply@blogger.com