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.
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. 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. (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. (Not to be completed by clients that are classified a eligible counterparties or professional clients) Assets: Bank deposits, SEK NOK Real Estate, SEK NOK Securities, SEK NOK Other capital, SEK NOK Debt / other liabilities: Totalt, SEK NOK Annual income: Totalt, SEK NOK Will the investment(s) constitute a significant percentage of your disposable liquidity? Yes No
Financial Situation. (a) The Seller has delivered to SFP a copy of the consolidated financial statements of the Companies and the Subsidiaries for the year ended on September 27, 1996 stated in U.S. Dollars (hereinafter the "Accounts"), attached hereto as Exhibit 2.05 (a).
(b) The Accounts have been prepared according to U.S. generally accepted accounting principles (U.S. GAAP) applied on a consistent basis. They fairly present in accordance with US GAAP on a consolidated basis in all material respects the financial condition of the Companies at September 27, 1996 and the results of the operations of the Companies and the Subsidiaries for the financial period which they cover. To the best knowledge of the Seller: (i) these Accounts have been prepared from the individual statutory accounts of the Companies and Subsidiaries and (ii) such statutory accounts were prepared according to generally accepted accounting principles of the countries in which each Company or Subsidiary operates, applied on a consistent basis. A copy of each of these statutory accounts for the year ended September 30, 1996 is attached hereto as Exhibit 2.05(b). The local currencies of such statutory accounts were converted into U.S. Dollars for the purposes of the Accounts at the rates set forth in Exhibit 2.05(b).
Financial Situation. (a) The Seller has delivered to the Purchaser a 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 and the unaudited consolidated financial statements (including the balance sheet, the profit and loss statements and annexes thereto) of the Companies reviewed by the auditors of the Companies, each as of and for the year ended on December_31, 1997 (hereinafter together the "1997 Financial Statements"), and (ii) the unaudited financial statements (including the balance sheet, the profit and loss statements and the annexes thereto) of each of the Companies and the unaudited consolidated financial statements (including the balance sheet, the profit and loss statements and the annexes thereto) of the Companies, as of and for the period ended on June 30, 1998 (hereinafter together the "June 30, 1998 Financial Statements", and collectively with the 1997 Financial Statements, the "Financial Statements"). The 1997 Financial Statements and the June 30, 1998 Financial Statements are attached hereto as Schedule 5.5 (a).
(b) The Financial Statements have been prepared according to the accounting principles and methods generally accepted in France applied on a consistent basis.
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).
(b) The Financial Statements have been prepared according to French GAAP (for the French Companies), Italian GAAP (for the Italian Company), Turkish GAAP (for the Turkish Company), International Accounting Standards (for the Brazilian Company and for the Argentine Company) consistently applied. The consolidated financial statements contained in the Financial Statements have been prepared according to French GAAP consistently applied. The 1999 Financial Statements accurately present the financial condition of the Companies at the date thereof and the results of the operations of the Companies for the financial period then ended; and are complete, reflecting correctly the books of accounts and records of the Companies. The June 30, 2000 Financial Statements fairly present in all material respects the financial situation and/or results of operations of the Companies at the date thereof.
(c) Except as set forth in the Financial Statements, none of the Companies has incurred any contingent liabilities other than, in respect of the period from June 30th, 2000 through the Closing Date, normal trade payables and operating accruals reflected in the books and records of the Com...
Financial Situation. (a) The following annual accounts of the Company have been prepared or -as to 1997 accounts - are prepared in accordance with generally accepted accounting principles in Germany, and having regard to the principle of continuity of accounting and valuation (taking due account of the accounting principles applied in ---------- [XXXXX]= Certain information on this page has been omitted and filed separately with the Commission. Confidential Treatment has been requested with respect to the omitted portions. previous years), and correctly reflect the financial situation of the Company as to its respective asset, financial and profit situation: - Audited annual accounts of the Company as per 12/31/1998 ("1998 Accounts"); - audited annual accounts of the Company as per 12/31/1997.
(b) As per December 31, 1998, the Company had no liabilities other than those shown in the 1998 Accounts; since then, liabilities have only been incurred in the ordinary course of business, except for those liabilities listed in Exhibit 7.2(b). It is understood that the Sellers give no warranty on future revenues or profits.
