and/or Subsidiariy(ies) of its Holding Companies, wherever applicable, the Net
worth of the Bidder and its Subsidiary(ies) and or Holding Comapny 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
Networth 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.
6.2.4 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 conslidated financial statements
of its Holding Company.
(ii) (ii) 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 Financial Statements of the Holding Company.
6.2.5 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 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 that the financial
results of the Company are under audit as on the date of Techno-Commercial bid
opening and the certificate from the practising Chartered Accountant certifying
the financial parameters is not available.
Notes:
i.Other income shall not be considered for arriving at annual turnover.