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The bidder should have executed operation and Maintenance / or maintenance of Coal
Handling Plant in India, handling minimum 10,000 Tonnes of coal per day for a period of two
years or more in a single contract or repeat contract in the preceding seven (07) years
reckoned as on the date of techno-commercial bid opening.
Note: The word “executed” means the bidder should have achieved the criterion specified in
the QR, even if the contract is not completed /closed. In case of contracts under execution as
on date of techno-commercial bid opening, the value of work executed till such date will be
considered provided the same is certified by the employer.
Repeat contract means, even if original contract was awarded for smaller duration, the same
contract period is extended, the total duration shall include extended duration, in addition to
original contract duration for the purpose of evaluation..
7.2 Financial criteria:
7.2.1 The average annual turnover of the bidder in preceding three financial years as on the
last date of the month preceding the month of publication of NIT shall not be less than 331
lakhs ( Rupees Three hundred and thirty one lakhs)
7.2.2 The net worth of the bidder as on the last day of preceding financial year shall not be
less than 100% of paid-up share capital. In case the bidder meets the requirement of net worth
based on the strength of its subsidiary /ies and /or holding and/ or subsidiaries of its holding
company wherever applicable, the net worth of the bidder and its subsidiary(ies) and/or holding
company and/or subsidiary(ies) of 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. For consortium/joint ventures,
wherever applicable, the net worth of all consortium/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 the respective paid up share capitals.
Net worth in combined manner shall be calculated as follows.
Net worth(combine)=(x1+x2+x3)/(y1+y2+y3)x100 where x1,x2,x3 are individual net worth
which shall not be less than 75% of the respective paid up share capitals and y1,y2 and y3 are
individual paid up share capitals.
7.2.3 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 practicing CA shall
be considered acceptable. In case bidder is not able to submit the certificate from practicing
CA certifying its financial parameters, the audited results of three consecutive financial year
preceding the last financial year shall be considered for evaluating the financial parameters.
Further, a certificate would be required from CEO/CFO as per the format enclosed in the
bidding documents stating that the financial results of the company are under audit as on date
of techno commercial bid opening and the certificate from the practicing CA certifying the
financial parameters is not available.
7.2.4 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 furnishes the following further documents on substantiation of
its qualification.
Copies of the unaudited financial statements of the bidder along with copies of the
audited consolidated financial statements of the holding company.
A certificate from 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.
7.2.5 In case bidder does not satisfy financial criterion, stipulated at clause 7.2.1 and / Or
clause 7.2.2 above on its Own, the holding company will be required to meet the stipulated
turnover requirements at clause 7.2.1 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 bid, a letter of undertaking from the holding company,