NTPC – SAIL POWER COMPANY LIMITED
CORPORATE CONTRACTS & MATERIALS, NEW DELHI
R&M Work of coal conveying system from intermediate storage area near JH#C1C at Bhilai
PP-II (2X30 MW + 14 MW) ;
Bid Document No: CC/C&M/C-507
a) Copies of the unaudited unconsolidated financial statements of the Bidder along with
copies of the audited consolidated financial statements of its Holding Company.
b) 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 financial statement of the Holding Company.
In case where audited results for the last financial year as on date of techno-commercial
bid opening are not available, the financial results certified by a practicing Chartered
Accountant shall be considered acceptable. In case the Bidder is not able to submit the
Certificate from a practicing Chartered Accountant certifying its financial parameters, the
audited result of three consecutive financial years preceding the last financial year shall
be considered for evaluating 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 techno commercial bid opening
and the Certificate from a practicing Chartered Accountant certifying the financial
parameters is not available.
3.0
FINANCIAL CRITERIA OF COLLABORATOR/ASSOCIATE:
3.1 The average annual turnover of the Collaborator/Associate, should not be less than INR
175 Lacs (Indian Rupees One Hundred Seventy five Lacs Only) during the preceding
three (3) completed financial years as on date of techno-commercial bid opening.
In case a Collaborator/Associate 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
Collaborator/Associate 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 bid documents, pledging
unconditional and irrevocable financial support for the execution of the Contract by the
Collaborator/Associate in case of award.
3.2 Net Worth of the Collaborator/Associate as on the last day of the preceding financial year
should not be less than 100% (hundred percent) of Collaborator/Associate's paid-up
share capital. In case the Collaborator/Associate does not satisfy the Net Worth criteria
on its own, it can meet the requirement of Net worth based on the strength of its
Subsidiary (ies) and/or Holding Company and/or Subsidiaries of its Holding companies
wherever applicable, the Net worth of the Collaborator/Associate and its Subsidiary(ies)
and/or Holding Company and/or Subsidiary(ies) of its Holding Company, in combined
manner should not be less than 100% (hundred percent) of their total paid up share
capital. However individually, their Net worth should not be less than 75% (seventy five
percent) 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.
3.3 In case the Collaborator/Associate is not able to furnish its audited financial statements on
standalone entity basis, the unaudited unconsolidated financial statements of the