be considered acceptable provided the Bidder further furnishes the following
documents for substantiation of its qualification:
(i)
Copies of the unaudited unconsolidated financial statements of the Bidder along
with copies of the audited consolidated financial statements of its Holding
Company.
(ii)
A Certificate from the CEO/CFO of the Holding Company, as per the format
enclosed with the bidding documents, stating that the unaudited unconsolidated
financial statements form part of the consolidated financial statements of the
Holding Company.
In case where audited results for the preceding financial year are not available,
certification of financial statements from a practicing Chartered Accountant shall also
be considered acceptable.
d) In case a Bidder does not satisfy the financial criteria, stipulated at Cl.6.2.1(a) and/ or
Cl.6.2.1(b) above on its own, its Holding Company would be required to meet the
stipulated turnover requirements at Cl.6.2.1 (a) above, provided that the net worth of
such Holding Company as on the last day of the preceding financial year is at least
equal to or more than the paid-up share capital of the Holding Company. In such an
event, the Bidder would be required to furnish along with its Techno-Commercial bid, a
Letter of Undertaking from its Holding Company, supported by Board Resolution of the
Holding Company, as per the format enclosed in the bidding documents, pledging
unconditional and irrevocable financial support for the execution of the Contract by the
Bidder in case of award.
e) The unutilised line of credit for fund based and non-fund based limits with cash and
bank balances including fixed deposits of the Bidder as on a date not earlier than 15
days prior to the date of Techno-Commercial bid opening, duly certified by its bankers
should not be less than INR 47 Million (Indian Rupees Forty Seven Million only) or in
equivalent foreign currency. In case certificates from more than one bank are
submitted, the certified unutilized limits shall be of the same date from all such banks.
f)
Where another Company of the group acting as the Treasury Centre is responsible for
Treasury Management of the Bidder having combined credit/guarantee limit for the
whole group, the Bidder would be required to provide a Banker’s certificate regarding
the unutilised line of credit for fund based and non-fund based limits together with
cash and bank balances including fixed deposits available to such Treasury Centre.
Further, Treasury Centre shall certify that out of the aforesaid limits certified by its
bankers, the Bidder shall have access to the line of credit of a level not less than the
specified amount at Cl.6.2.1(e) above. In proof of this, the Bidder would be required to
furnish along with its Techno-Commercial bid, a Letter of Undertaking from the
Treasury Centre, supported by a Resolution passed by the Board of Directors of the
Holding Company, as per the format enclosed with the bidding documents, pledging
unconditional and irrevocable financial support for the execution of the Contract by the
Bidder in case of award.
Page | 3