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.
6.2.3 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.
6.2.4 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.
6.2.5: In case as bidder does not satisfy the financial criteria, stipulated at Cl. 6.2.1 and/ or Cl.
6.2.2 above on its own, the holding company would be required to meet the stipulated
turnover requirements at Cl. 6.2.1 above, provided that the net worth of such holding
company as on 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 would be required
to furnish along with its bid, a letter of Undertaking from the holding company, supported by
Board resolution, as per the format enclosed in the bid documents, pledging unconditional
and irrevocable financial support for the execution of the contract by the bidder in case of
award.
Notes:
1. Net worth means the sum total of the paid up share capital and free reserves. Free
reserve 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.
2. Other income shall not be considered for arriving at annual turnover.
7.0 A complete set of Bidding Documents may be downloaded by interested Bidder from our
NIC Portal (https://eprocurentpc.nic.in/nicgep/app). For logging on to the NIC Portal, the
bidder would require user id and password which can be obtained by submitting a
questionnaire available at our NIC Portal.
Note: No hard copy Bidding Documents shall be issued.