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 capitals.
Net worth in combined manner shall be calculated as follows:
Net worth (combined) = (X1+X2+X3) / (Y1+Y2+Y3) X 100
Where X1, X2, X3 are individual Net worth which should not be less than 75% of the respective paid up share capitals and Y1, Y2,
Y3 are individual paid up share capitals.
2.0 (c) 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
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 in the bidding documents, stating that the
unaudited unconsolidated financial statements form part of the consolidated annual financial statements of the Holding Company.
In case 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 practising Chartered Accountant shall be considered acceptable. In case, Bidder is not able to submit
the certificate from practising Chartered Accountant certifying its financial parameters, the audited results for the 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 practising Chartered
Accountant certifying the financial parameters is not available.
3.0 Financial Criteria of Collaborator/Associate of the Bidder
3.0 (a) The average annual turnover of the Collaborator/Associate, in the preceding three (3) financial years as on the date of
Techno-Commercial bid opening, should not be less than ` 36.0 lacs (Rupees Thirty Six Lacs Only).
In case the Collaborator/Associate does not satisfy the average annual turnover criteria, stipulated above on its own, its Holding
Company would be required to meet the stipulated turnover requirements as 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 Collaborator/Associate would be required to furnish along with bidder#s 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 bid documents, pledging unconditional and irrevocable financial support to the Collaborator/Associate to honour the
terms and conditions of the Deed of Joint Undertaking in case of award of the Contract to the Bidder with whom
Collaborator/Associate is associated.
3.0 (b) The Net Worth of each Collaborator/Associate, as on the last day of the preceding financial year (reckoned on the date of
techno-commercial bid opening) should not be less than 100% of its paid-up share capital. In case the Collaborator/Associate meets
the requirement of Net worth based on the strength of its Subsidiary (ies) and/or Holding Company and/or Subsidiaries of its Holding
company wherever applicable, the Net worth of the Collaborator/Associate 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 capitals.
Net worth in combined manner shall be calculated as follows:
Net worth (combined) = (X1+X2+X3) / (Y1+Y2+Y3) X 100
Where X1, X2, X3 are individual Net worth which should not be less than 75% of the respective paid up share capitals and Y1, Y2,
Y3 are individual paid up share capitals.
3.0 (c) In case the Collaborator/Associate is not able to furnish its audited financial statements on stand alone entity basis, the
unaudited unconsolidated financial statements of the Collaborator/Associate can be considered acceptable provided the
Collaborator/Associate further furnishes the following documents for substantiation of its qualification :