Subsidiary(ies) and/or Holding Company and/or Subsidiaries of its
Holding Companies wherever applicable, the Net worth of the Bidder
and its Subsidiary(ies) and/or Holding Company and/or Subsidiary(ies)
of the Holding Company, in combined manner should not be less than
100% of their total paid up share capital. However individually, their Net
worth should not be less than 75% of their respective paid up share
capital. However individually, their Net worth should not be less than
75% of their respective paid up share capitals. For Consortiums/Joint
Ventures, wherever applicable, the Net worth of all consortiums/Joint
Venture members in combined manner should not be less than 100%
of their paid up share capital however individually, their Net worth
should not be less than 75% of their respective paid up share capitals.
d) In case the Bidder is not able to furnish its audited financial statements
on stand-alone entity basis, the unaudited unconsolidated financial
statements of the Bidder can be considered acceptable provided the
Bidder further furnishes the following further documents on
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 in the bid documents, stating that the unaudited
unconsolidated financial statements form part of the Consolidated
Annual report of the Company.
e) In cases where audited results for the last financial year as on the date
of Techno-Commercial bid opening are not available, the financial
results certified by a practicing Chartered Accountant shall be
considered acceptable. In case, Bidder is not able to submit the
Certificate from a practicing Chartered Accountant certifying its
financial parameters, the audited results of three consecutive financial
years preceding the last financial year shall be considered for
evaluating the 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 the date of Techno-
Commercial bid opening and the certificate from the practicing
Chartered Accountant certifying the financial parameters is not
available
NOTES:
i. 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 doesnot 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