MEJA URJA NIGAM PVT. LTD.
CIN NO : U74900DL2008PTC176247
(A Joint Venture of NTPC & UPRVNL)
Meja Thermal Power plant P.O.- Kohdar, Tehsil – Meja
Distt.- Allahabad-U.P. ( 212301)
Page 2 of 4
2.2 The Net Worth of the Bidder as on the last day of the preceding financial year shall not
be less than 100% of the paid-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
Subsidiaries of its Holding companies wherever applicable, the Net Worth of the Bidder
and its Subsidiary(ies) and/or Holding Company and/or Subsdiray(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 shall not be less than 75% of the respective paid up share
capitals and y1, y2, y3 are individual paid up share capitals.
2.3 In case 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 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.
2.4 In case the bidder is not able to furnish its audited financial statements on standalone
entity basis, the audited unconsolidated financial statements of the bidder can be
considered acceptable provided the bidder furnishes the following further documents on
substantiation of its qualification.
(A) Copies of the unaudited unconsolidated financial statements of the bidder along with
copies of the audited consolidated financial statements of the Holding Company.
(B) 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.
2.5 The bidder can form JV or a consortium with parties to meet the qualifying requirements.
In case, qualification through association / collaboration route is sought by the bidder, the
bidder is required to furnish the joint deed of undertaking (JDU) jointly executed by it
along with its associate/collaborator for the successful performance of the part of the
contract for which associate/collaborator is responsible, as per the format enclosed in the
bidding document wherein the associate /collaborator and the bidder shall be jointly and
severally liable to the employer top perform all contractual obligation limited to the scope
of work for which associate/collaborator is responsible. The deed of joint
undertaking shall be submitted along with Techno-commercial bid, failing which bidder