6.2.0 FinancialCriteria:
6.2.1 Theaverageannualturnoverofthebidderintheprecedingthree(03)financialyearsasonthe
dateofTechno‐Commercialbidopening,shouldnotbelessthanRs.32.63Lakh(RupeesThirty
twolakhandsixtythreethousandonly).
6.2.2 IncasetheBidderisnotabletofurnishitsauditedfinancialstatementsonstandaloneentity
basis,the un‐auditedunconsolidatedfinancialstatementsoftheBidder can beconsidered
acceptableprovidedtheBidderfurtherfurnishesthefollowingdocumentsonsubstantiation
ofitsqualification:
a) Copiesoftheun‐auditedunconsolidatedfinancialstatementsoftheBidderalongwith
copiesoftheauditedconsolidatedfinancialstatementsofitsHoldingCompany.
b) CertificatefromtheCEO/CFOoftheHoldingCompany,aspertheformatenclosedin
the bidding documents, stating that the un‐audited unconsolidated financial
statementsformpartoftheConsolidatedAnnualReportoftheCompany.
Incasewhereauditedresultsforthelastprecedingfinancialyearasonthedateofopeningof
Technocommercialbidarenotavailable,certificationoffinancialstatementsfromapracticing
CharteredAccountantshallalsobeconsideredacceptable.Incase,Bidderisnotabletosubmit
theCertificatefrompracticingCharteredAccountantcertifyingitsfinancialparameters,the
auditedresultsofthreeconsecutivefinancialyearsprecedingthelastfinancialyearshallbe
consideredforevaluatingthefinancialparameters.Further,aCertificatewouldberequired
from the CEO/CFO as per the format enclosed in the bidding documents stating that the
Financial results oftheCompany areunderaudit ason thedateofTechno‐commercialbid
openingandtheCertificatefromthepracticingCharteredAccountantcertifyingthefinancial
parametersisnotavailable.
6.2.3 IncaseaBidderdoesnotsatisfythefinancialcriteria,stipulatedatClause6.2.1aboveonits
own,itsHoldingCompanywouldberequiredtomeetthestipulatedturnoverrequirementsat
Clause6.2.1above,providedthatthenetworthofsuchHoldingCompanyasonthelastday
oftheprecedingfinancialyearisatleastequaltoormorethanthepaidupsharecapitalofthe
HoldingCompany.Insuchanevent,theBiddershouldberequiredtofurnishalongwithits
TechnoCommercialbid,aletterofundertakingfromitsHoldingCompany,supportedbyBoard
Resolution of theHolding Company, aspertheformatenclosed in thebidding documents,
pledgingunconditionalandirrevocablefinancialsupportfortheexecutionoftheContractby
theBidderincaseofaward.
Note:
I. “HoldingCompany”and“Subsidiary”shallhavethemeaningascribedtothemasper
CompaniesActofIndia,invogue.
II. Otherincomeshallnotbeconsideredforarrivingatannualturnover.
7.0 IssuanceofBiddingDocumentstoanybiddershallnotconstruethatbidderisconsidered
qualified.
NTPCreservestherighttorejectanyorallbidsorcancel/withdrawtheNITforthesubject
package without assigning any reason whatsoever and in such case no bidder/intending
biddershallhaveanyclaimarisingoutofsuchaction.