support of its claim of meeting the qualifying requirements as per Clause 1.0 with
any of the conditions mentioned in Note (a) above.
2.0Financial Criteria
i) The average annual turnover of the Bidder, in the preceding three (03) financial
years as on the date of Techno-Commercial bid opening, should not be less
than INR 526.20Lakhs (Indian Rupees Five crore Twenty Six lakhs Twenty
Thousand only).
In case a Bidder does not satisfy the 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 Bidder
would be required to furnish along with its Techno-Commercial bid, a Letter of
Undertaking from the Holding Company, supported by the Holding Company’s
Board Resolution, as per the format enclosed in the Techno-Commercial bid
documents, pledging unconditional and irrevocable financial support for the
execution of the Contract by the Bidder in case of award. For joint
Ventures/Consortiums, all the partners of the Joint Venture/Consortium shall be
collectively required to meet the turnover criteria.
ii) The net worth of the bidder as on the last day of the preceding financial year, of the
date of Techno-Commercial bid opening, should not be less than 100% (hundred
percent) of the Bidder’s 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
Company and/or Subsidiary (ies) of the Holding Company 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 capitals. 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
Consortium/Joint Venture members in combined manner should not be less than
100% of their paid up share capitals. 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.
iii) In case the Bidder is not able to furnish its audited financial statements on
standalone entity basis, the unaudited unconsolidated financial statements of the