DETAILED INVITATION FOR BID
NTPC SIMHADRI
STAGE-I (2X500 MW) & STAGE-II (2X500 MW)
BIDDING DOCUMENT NO.: CS-3500-433-9
ADVANCED MONITORING OF STOCKYARD (AMS)
SECTION-I (IFB)
In case the Collaborator/Associate does not satisfy the average annual turnover criteria,
stipulated above on its own, its Holding Company would be required to meet the stipulated
turnover requirements as 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 Collaborator/Associate would be required
to furnish along with its bid, a Letter of Undertaking from the Holding Company, supported by
the Holding Company’s 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
Collaborator/Associate in case of award.
b) The Net Worth of the Collaborator/Associate as on the last day of the preceding financial year
should not be less than 100% (hundred percent) of its paid-up share capital. In case the
Collaborator/Associate does not satisfy the Net Worth criteria on its own, it can meet the
requirement of Net worth based on the strength of its Subsidiary(ies) and/or Holding Company
and/or Subsidiaries of its Holding companies wherever applicable. In such a case, however, the
Net worth of the Collaborator/Associate 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%
(hundred percent) of their total paid-up share capital. However individually, their Net worth
should not be less than 75% (seventy five percent) 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 Collaborator/Associate is not able to furnish its audited financial statements on stand
alone entity basis, the unaudited unconsolidated financial statements of the
Collaborator/Associate can be considered acceptable provided the Collaborator/Associate
further furnishes the following documents for substantiation of its qualification:
(i) Copies of the unaudited unconsolidated financial statements of the Collaborator/Associate
along with copies of the audited consolidated financial statements of its 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 annual financial statements of the Holding Company.
In case where audited results for the last financial year as on the date of bid opening are not
available, the financial results certified by a practicing Chartered Accountant shall be considered
acceptable. In case, Collaborator/Associate is not able to submit the certificate from a practicing
Chartered Accountant certifying its financial parameters, the audited results for the 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 bid opening and the Certificate from the practicing Chartered
Accountant certifying the financial parameters is not available.
NOTES:
(i) 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.
(ii) Other income shall not be considered for arriving at annual turnover.
(iii) ‘’Holding Company” and “Subsidiary Company” shall have the meaning ascribed to them as
per Companies Act of India.
(iv) For annual turnover indicated in foreign currency, the exchange rate as on seven (7) days
prior to the date of bid opening shall be used.
8.0 Issuance of bid documents to any Bidder shall not construe that such bidder is considered qualified.
Bids shall be submitted online and opened at the address given below in the presence of Bidder's