6.2.1.2 Net worth of the bidder should not be less than 100% (hundred percent) of its paid
up share capital as on the last day of the preceding financial year on the date of
Techno-commercial bid opening. 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
company 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.
6.2.1.3 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 further furnishes the
following documents for substantiation of its qualification:
(i) Copies of the unaudited unconsolidated financial statements of the Bidder along
with copies of the audited consolidated financial statements of its Holding
Company.
(ii) A Certificate from the CEO/CFO of the Holding Company, as per the format
enclosed with the bidding documents, stating that the unaudited
unconsolidated financial statements form part of the consolidated financial
statements of the Holding Company.
In cases 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 Chartered Accountant shall be considered acceptable. In case, Bidder is
not able to submit the Certificate from a practicing Chartered Accountant certifying its
financial parameters, the audited results of three consecutive financial years
preceding the last financial year shall be considered for evaluating the 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 the date of Techno-commercial bid opening and the
Certificate from the practicing Chartered Accountant certifying the financial
parameters is not available.
6.2.2.0 Financial Criteria for the Collaborator(s) / Associate(s)
6.2.2.1 The average annual turnover of the Bidder seeking qualification through Route-2
Clause No.6.1.2.0 for the Collaborator(s) / Associate(s), in the preceding three (3)
financial years as on the date of techno-commercial bid opening, should not be less
than the Rs. 28 Million for different Collaborator(s) / associate(s) as applicable.
In case the Collaborator/Associate does not satisfy the average annual turnover
criteria above on its own, its Holding Company would be required to meet the
stipulated turnover requirements at Cl. 6.2.2.1 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 Collaborator/Associate would be required to furnish along with bidder's
Techno-Commercial bid, a Letter of Undertaking from the Holding Company,
supported by Board Resolution of the Holding Company, as per the format
enclosed with the bidding documents, pledging unconditional and irrevocable