Techno-Commercial bid opening, should not be less than Rs. 679.0 Lacs (Rupees Six Hundred and Seventy Nine Lacs
Only)
In case a Bidder 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 Bidder would be required to furnish along with its Techno-Commercial 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 Bidder in case of award. For Joint Venture/Consortiums bid, all the partners of the Joint venture /
Consortium shall be collectively required to meet the turnover criteria.
b) Net worth of the bidder should not be less than 100% (hundred percent) of its paid up share capital as on the last
day of the preceding financial year on the date of Techno-commercial bid opening. In case the Bidder does not meet
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 company wherever applicable. In such a case, however 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% (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.
For Consortiums/Joint Ventures, the Net worth of all Consortium/Joint Venture members in combined manner should not
be less than 100% (hundred percent) of their 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 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 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 its Holding Company.
(ii) A Certificate from the CEO/CFO of the Holding Company, as per the format enclosed with 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 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.
2.2 Financial Criteria of Collaborator/Associate for Qualification
a) (a) For Bidder seeking qualification through clause no 1.3, the average annual turnover of its Collaborator/Associate
(meeting requirement of Clause 1.1 above) in the preceding three (3) financial years as on the date of
Techno-Commercial bid opening, should not be less than Rs. 679.0 Lacs (Rupees Six Hundred and Seventy Nine Lacs
Only)
In case the Collaborator/Associate does not satisfy the average annual turnover criteria above on its own, its
Holding Company would be required to meet the stipulated turnover requirements at Cl. 2.2 (a) 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 bidder's Techno-Commercial bid, a Letter of Undertaking from its Holding Company, supported by