Suitablity requirements:
Only offers from tenderers who qualify the followings suitability requirements will be accepted by Radius as valid offers:
a. Tenderer must have an equity in most recent financial year of minimum DKK 20 mio.
b. Tenderer must have a rating of higher than “normal” according to Experias KOB-rating scale or higher than “A” in Bisnodes AAA-rating mode.
c. Tenderer must not, in the most recent 2 connecting financial years, have a financial deficit - unless the company’s positive equity in the most recent financial year as a minimum comprises 2 times the most recent financial years deficit. The equity is to be corrected if there are any qualifications in the auditor endorsement.
d Tenderes lastest annual financial report must timely available and be auditet by certified accoundant,
and must not have any auditor's endorsement with any reservations or any additional information regarding conditions, for example regarding reservation for carrying on its business as a going concern, that the accountant can not confirm the stated revenue, expenses or assets, illegal shareholder loans, overdue tax/VAT or similar, which significantly will increase the company’s risk of not fulfilling it’s obligations in time.
Tenderers must be able to document compliance to the requirements in clause a) c) and d) at the lastest published annual financial report, if public publication of the annual report is a regulatory requirement in the area where the tenderer is located.
Documentation of requirement in clause b) is acquired solely by the ordering party.