electrical maintenance, maintenance of firefighting & Central Air Conditioning / A.C.
plants and housekeeping.
(ii) In case of contract under execution, the value of work executed till the date of bid
opening as certified by Employer shall be considered.
6.3 The average annual turnover of the Bidder, in the preceding three (3) financial years
as on the date of techno-commercial bid opening, should not be less than b9 8.99 crore
(Rupees Eight crore and Ninety Nine lakh) only.
Note:
3.1) While computing the turnover, other income shall not be considered.
3.2) In case where audited results for the last preceding financial year are not available
certification of financial statements from a practicing Chartered Accountant shall be
considered acceptable.
3.3) The Net Worth of the Bidder should not be less than 100% of the Bidderb s paid up
share capital as on the last day of the preceding financial year. In case the Bidder
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 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.
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.
3.4) In case a Bidder does not satisfy the financial criteria, stipulated at Clause 3.3 above
on its own, its Holding Company would require to meet the stipulated turnover
requirements at Clause 3.0 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
should be required to furnish along with its 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 bidding documents, pledging
unconditional and irrevocable financial support for the execution of the Contract by
the Bidder in case of award.
3.5) In case the Bidder is not able to furnish its audited financial statements on standalone
entity basis, the un-audited unconsolidated financial statements of the Bidder can be
considered acceptable provided the Bidder further furnishes the following
documents for substantiation of its qualification:
(a) Copies of the un-audited unconsolidated financial statements of the Bidder along
with copies of the audited consolidated financial statements of its Holding Company.