2.3 In case the Bidder is not able to furnish its audited financial statements on standalone
entity basis, the unaudited unconsolidated financial statements of the Bidder can be
considered acceptable provided the Bidder further furnishes the following documents
on substantiation of its qualification:
(a) Copies of the unaudited unconsolidated financial statements of the Bidder along
with copies of the audited consolidated financial statements of its Holding Company.
(b) Certificate from the CEO/ CFO of the Holding Company, as per the format
enclosed in the bidding documents, stating that the unaudited unconsolidated
financial statements form part of the consolidated financial statement of the Holding
Company.
In case where audited results for the last financial year as on date of techno-
commercial bid opening are not available, the financial results certified by a practicing
Chartered Accountant shall be considered acceptable. In case the Bidder is not able
to submit the Certificate from a practicing Chartered Accountant certifying its financial
parameters, the audited result of three consecutive financial years preceding the last
financial year shall be considered for evaluating financial parameters. Further, a
certificate would be required from the CEO/CFO as per the format enclosed in the
bidding documents stating that the financial results of the company are under audit
as on techno-commercial bid opening and the Certificate from a practicing Chartered
Accountant certifying the financial parameters is not available.
Notes for Clause 2.0
a. Net worth means the sum total of the paid-up share capital and free reserves. Free
reserves means all reserves credited out of the profits and share premium account
but does not include reserves credited out of the revaluation of the assets, write back
of depreciation provision and amalgamation. Further, any debit balance of Profit and
Loss account and miscellaneous expenses to the extent not adjusted or written off, if
any, shall be reduced from reserves and surplus.
b. Other income shall not be considered for arriving at annual turnover.
c. “Holding Company” and “Subsidiary” shall have the meaning ascribed to them as per
Companies Act of India.
7.0 NTPC reserves the right to reject any or all bids or cancel/withdraw the Invitation for
Bids without assigning any reason whatsoever and in such case no bidder / intending
bidder shall have any claim arising out of such action.
7.1 The bidders who are found meeting the “Qualification Requirement” as
stipulated at Para 6.0 above subsequent to the submission of Stage-I Bids shall
be considered enlisted by NTPC for a period of all the future BOS Packages of
NTPC having project size of 50 MW or above for a period of Two Years from the
date of invitation of Price Bids. The bidders may like to refer to the provisions
of Bidding Documents for further details.