
Package: Construction of CISF Armoury and External Development Works
Project: Patratu STPP, Phase-I (3x800 MW)
Bidding Doc No :CS-9585-533-9
up share capital. In case the Bidder meets the requirement of Net Worth based on the
strength of its Subsidiary (ies) and/or Holding Company and/or Subsidiary (ies) of the
Holding company 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)] 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.
(c) In case the bidder is not able to furnish its audited financial statements on stand-alone
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 the 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 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 also 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.
Notes for Financial Criteria:
(i) Net worth means the sum total of the paid up share capital and free reserves.
Free reserves means all reserves credited out of the profits and share premium
account but does not include reserves credited out of the revaluation of the
assets, write back of depreciation provision and amalgamation. Further any debit
balance of Profit and Loss account and miscellaneous expenses to the extent not
adjusted or written off, if any, shall be reduced from reserves and surplus.