• 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.
6.2.4 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 in 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.
6.2.5 In case a bidder does not satisfy the financial criteria, stipulated at Cl. 6.2.1 and/ or Cl.
6.2.2 above on its own, the holding company would be required to meet the stipulated
turnover requirements at Cl. 6.2.1 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 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.
Note: -
(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 expense 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.
7.0 A complete set of Bidding Documents may be downloaded by interested Bidder from our
NIC Portal (https://eprocurentpc.nic.in/nicgep/app). For logging on to the NIC Portal, the
bidder would require user id and password which can be obtained by submitting a
questionnaire available at our NIC Portal.
Note: No hard copy Bidding Documents shall be issued.
8.0 Issuance of bid documents to any Bidder shall not construe that such bidder is considered
to be qualified. Bids shall be submitted online and opened at the address given below in the
presence of Bidder’s representatives who choose to attend the bid opening. Bidder shall
furnish EMD and power of Attorney to be executed by the bidder offline as detailed in
Bidding Documents by the stipulated bid submission closing date and time at the address
given below.