
Long Term Maintenance Contract for EMD and C&I for NTPC Lara
STPP, Stage-I(2X800MW)
[Bidding Doc. No: 9900147170]
IFB
Section-I
Page 7 of 7
HoldingCompanieswhereverapplicable,theNetworthoftheBidderanditsSubsidiary(ies)and/or
Holdingcompanyand/orSubsidiary(ies)oftheHoldingCompany,incombinedmannershouldnotbe
lessthan100%oftheirtotalpaidupsharecapital.Howeverindividually,theirNetworthshouldnot
belessthan75%oftheirrespectivepaidupsharecapitals.ForConsortiums/JointVentures,
whereverapplicable,theNetworthofallconsortium/JointVenturemembersincombinedmanner
shouldnotbelessthan100%oftheirpaidupsharecapital.Howeverindividually,theirNetworth
shouldnotbelessthan75%oftheirrespectivepaidupsharecapitals
Networthincombinedmannershallbecalculatedasfollows:
Networth(combined)=(x1+x2+x3)/(y1+y2+y3)x100wherex1,x2,x3areindividualnetworthwhich
shallnotbelessthan75%oftherespectivepaidupsharecapitalsandy1,y2,y3areindividualpaid
upsharecapitals.
5.2.3 Incasethebidderisnotabletofurnishitsauditedfinancialstatementsonstandaloneentity
basis,theunauditedunconsolidatedfinancialstatementsofthebiddercanbeconsideredacceptable
providedthebidderfurnishesthefollowingfurtherdocumentsonsubstantiationofitsqualification.
• Copiesoftheunauditedunconsolidatedfinancialstatementsofthebidderalongwithc
opies
ofthea
uditedconsolidatedfinancialstatementsoftheHoldingCompany.
• AcertificatefromtheCEO/CFOoftheHoldingCompanyaspert
heformatenclosedinthe
biddo
cumentsstatingthattheunauditedunconsolidatedfinancialstatementsformpartofthe
consolidatedannualreportofthecompany.
5.2.4 IncasewhereauditedresultsforthelastfinancialyearasonthedateofTechnoCommercial
BidOpeningarenotavailable,thefinancialresultscertifiedbyapracticingCharteredAccountant
shallbeconsideredacceptable.Incase,BidderisnotabletosubmittheCertificatefrompracticing
CharteredAccountantcertifyingitsfinancialparameters,theauditedresultsofthreeconsecutive
financialyearsprecedingthelastfinancialyearshallbeconsideredforevaluatingthefinancial
parameters.Further,acertificatewouldberequiredfromtheCEO/CFOaspertheformatenclosed
inthebiddingdocumentsstatingthatthefinancialresultsoftheCompanyareunderauditasonthe
dateofTechno‐CommercialBidOpeningandtheCertificatefromthepracticingChartered
Accountantcertifyingthefinancialparametersisnotavailable.
5.2.5 Incaseabidderdoesnotsatisfythefinancialcriteria,stipulatedatCl.5.2.1and/orCl.5.2.2
aboveonitsown,theholdingcompanywouldberequiredtomeetthestipulatedturnover
requirementsatCl.5.2.1above,providedthatthenetworthofsuchholdingcompanyasonthelast
dayoftheprecedingfinancialyearisatleastequaltoormorethanthepaid‐upsharecapitalofthe
holdingcompany.Insuchanevent,thebidderwouldberequiredtofurnishalongwithitsbid,a
LetterofUndertakingfromtheholdingcompany,supportedbyBoardResolution,aspertheformat
enclosedinthebiddocuments,pledgingunconditionalandirrevocablefinancialsupportforthe
executionoftheContractbythebidderincaseofaward.
Notes (i) Networthmeansthesumtotalofthepaidupsharecapitalandfree
reserves.Freereservemeansallreservescreditedoutoftheprofitsandsharepremiumaccountbut
doesnotincludereservescreditedoutoftherevaluationoftheassets,writebackofdepreciation
provisionandamalgamation.FurtheranydebitbalanceofProfitandLossaccountandmiscellaneous