2 FINANCIAL CRITERIA
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 shall not be less than Rupees 2141 Lakhs
(Rupees Two Thousand One Hundred and Forty One Lakhs Only).
2.2 Net Worth of the bidder shall not be less than 100% of the bidder’s paid-up share capital as
on the last day of the preceding financial year. In case the bidder meets the requirement of
Net Worth based on strength of its Subsidiary(ies) and/or Holding Company and/or
subsidiaries of its Holding companies wherever applicable, 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% 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. For Consortiums/Joint Ventures, wherever applicable, the net worth of all
Consortium/Joint Venture members in combined manner should not be less than 100% of
their 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) X100 where x1, x2 , x3 are individual net
worth which shall 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 standalone entity
basis, the unaudited unconsolidated financial statements of the bidder can be considered
acceptable provided the bidder furnishes the following further documents on substantiation
of its qualification.
Copies of the unaudited unconsolidated financial statements of the bidder along with
the copies of the audited consolidated financial statements of the holding company.
A certificate from the CEO/CFO of the Holding Company as per the format enclosed
in the bid documents stating that the unaudited unconsolidated financial statements
form part of the consolidated annual report of the company.
2.4 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, Bidder is not able to submit the
certificate from 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.