following shall also apply:
1.0 Bidder should have designed, manufactured/ got manufactured, erected and
commissioned at least one number bulk material handling plant (essentially
comprising of pipe conveyor system) including all associated structural steel
works and electrical works of 800 metric tonnes per hour rated capacity or
above for coal/ other minerals which should have been in successful operation
for at least one (1) year prior to the date of Techno commercial Bid opening.
The one (1) year period means any continuous twelve (12) months period.
2.0 Financial Criteria of Bidder:
2.1 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 INR 2975 million (Indian Rupees Two Thousand Nine Hundred
Seventy Five million only) or in equivalent foreign currency.
In case the Bidder does not satisfy the average annual turnover criteria
stipulated above on its own, its Holding Company would be required to meet
the stipulated turnover requirements, 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 bid documents, pledging unconditional and irrevocable financial
support for the execution of the Contract by the Bidder in case of award.
2.2 Net Worth should not be less than 100% (hundred percent) of the Bidder’s
paid-up share capital as on the last day of the preceding financial year. In case
the Bidder does not meet 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, In such a case, however 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%
(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
2. 3 In case the Bidder is not able to furnish its audited financial statements on
stand alone entity basis, the unaudited unconsolidated financial statements of