7.1.2 In case of orders under execution, the value of work executed till the date of bid
opening as certified by the Employer shall be considered.
7.1.3 ‘Video Conference System’ means a system which includes any one or
combination of the following: Video codec end points and/or Web conference system
and/or Cloud Conference system and/or desktop conference system and/or video
conference MCU and/or Virtual class room system and/or e-class room system and/or
software video conference system and/or Video conference system.
7.2.1 The average annual turnover of the bidder in the preceding three (03) financial
years as on the date of Techno-Commercial bid opening, should not be less than Rs. 54
lakh (Rupees Fifty four lakh only).
7.2.2 In case the Bidder is not able to furnish its audited financial statements on
standalone entity basis, the un-audited unconsolidated financial statements of the
Bidder can be considered acceptable provided the Bidder further furnishes the
following documents on substantiation of its qualification:
a) Copies of the un-audited unconsolidated financial statements of the Bidder
along with copies of the audited consolidated financial statements of its Holding
Company.
b) Certificate from the CEO/CFO of the Holding Company, as per the format
enclosed in the bidding documents, stating that the un-audited unconsolidated
financial statements form part of the Consolidated Annual Report of the Company.
In case where audited results for the last preceding financial year as on the date of
opening of Techno commercial bid are not available, certification of financial
statements from a practicing Chartered Accountant shall also 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.
7.2.3 In case a Bidder does not satisfy the financial criteria, stipulated at Clause 3.1 above on
its own, its Holding Company would be required to meet the stipulated turnover requirements
at Clause 3.1 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 Bidder should be required to furnish along with its
Techno Commercial bid, a letter of undertaking from its Holding Company, supported by Board
Resolution of the Holding Company, as per the format enclosed in the bidding documents,
pledging unconditional and irrevocable financial support for the execution of the Contract by
the Bidder in case of award.
Note:
i) “Holding Company” and “Subsidiary” shall have the meaning ascribed to them as per
Companies Act of India, in vogue.