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 in the bidding documents,
stating that the unaudited unconsolidated financial statements form part of the consolidated annual financial statements of
the Holding Company.
In case 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 practicing Chartered Accountant certifying its financial parameters, the
audited results for the 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 in not
available.
(III)Financial Criteria of the Collaborator(s) / Associate(s)
(a) The average annual turnover of 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 Rs. 47.00 lacs (Rupees Forty Seven Lacs Only).
In case the Collaborator(s) / Associate(s) does not satisfy the financial 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 (s)/ Associate (s) would be required to furnish along
with Bidder#s Techno-Commercial bid, a Letter of Undertaking form 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 to the Collaborator(s)/Associate(s) to honour the terms and conditions of the Deed of Joint Undertaking,
in case of award of contract to the Bidder with whom collaborator/associate is associated.
III (b) The Net Worth of the Collaborator(s) / Associate(s) as on the last day of the preceding financial year
(reckoned on the date of techno-commercial bid opening) should not be less than
100% of its paid-up share capital. In case any Collaborator(s) / Associate(s) does not satisfy the Net Worth criteria
stipulated above on its Subsidiary (ies) and/or Holding Company and/or Subsidiaries of its Holding companies would be
required to meet the Net worth requirements. In such a case, the Net Worth of the Collaborator(s) / Associate(s) and its
Subsidiary (ies) and/or Holding Company and/or Subsidiaries 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.
III (c.) In case the Collaborator(s) / Associate(s) is not able to furnish its audited financial statements on standalone
entity basis, the unaudited unconsolidated financial statements of the Collaborator(s) / Associate(s) can be considered
acceptable provided the Collaborator(s) / Associate(s) further furnishes the following documents for substantiation of its
qualification:
(i) Copies of the unaudited unconsolidated financial statements of the Collaborator(s) / Associate(s) along with copies of
the audited consolidated financial statements of the Holding Company of Collaborator(s) / Associate(s).
(ii) A 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 annual financial statements of
the Holding Company of the Collaborator(s) Associate(s).