Bidding Doc No: 9900155532,
Balance Electrical, Mechanical, C&I Works for Wagon Tippler Supply, Erection
and Commissioning at NTPC Sipat
5.2 वीय मापदड Financial Criteria of Bidder
5.2.1 The average annual turnover of the Bidder, in the preceding three (3) financial years as on the date of Techno-
Commercial bid opening, shall not be less than ₹1602 Lakhs (Rupees One Thousand Six Hundred and Two Lakhs
only).
5.2.2 Net worth of bidder shall not be less than 100% of the bidder’s paid up share capital as on the last day of the
preceding financial year. 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 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 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)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.
5.2.3 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 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.
5.2.4 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.
5.2.5 In case a bidder does not satisfy the financial criteria, stipulated at Cl. 5.2.1 and/ or Cl.5.2.2 above on its own,
the holding company would be required to meet the stipulated turnover requirements at Cl.5.2.1 above, provided that
the net worth of such holding company as on the last day of the preceding financial year is atleast 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:
(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