Banks were generally compliant with the required asset and liquid asset cover
ratios of 100 percent and 30 percent, respectively,' it added.
The combination of this strong management team, attractive cashflows and good asset cover
make this a very attractive deal for us and one that is well suited to our funding package.
The Committee also proposes that the management boards should include representatives of beneficiaries and suggests that the provisions of Article 16 concerning asset cover
be extended to cross-border funds.
While other factors (such as interest cover, fixed asset cover
and cash flow) may be relevant, the Revenue has principally focused on the debt to equity ratio.
Recoveries vary for debtors of those other individual ENE affiliates which have been placed under Chapter 11 protection, reflecting the bias towards individual asset cover
analysis within the Plan, though aggregate recoveries on the debts of those entities in Chapter 11 looks to average roughly 20% should the Plan's estimates prove accurate.
Tenders are invited for Hiring of Services for Up-Keeping of Installations at ONGC,Tripura Asset covers
all four GCSs (ADB, Baramura, Konaban, upcoming Sonamura), Dukli Metering Station, Colony Gas metering station, Kunjaban and Sundalbari manifolds, Nimbutali junction point, Monarchak and OTPC terminals and other valves stations for a period of three years.
The asset covers
more than 43,000 acres of land and includes three projects - Bare Rock Project, Nomans Lake Project and the Hoffmans Hill Project.