(3) Direct / Indirect order
The Bidder/ QDSIM shall also be considered qualified, in case the award for executing the reference works has been received by the
Bidder/ QDSIM either directly from owner of plant or any other intermediary organization. However, a certificate from such owner of
plant or any other intermediary organisation shall be required to be furnished by the Bidder along with its Techno-Commercial bid in
support of the Bidder's/QDSIM claim of meeting the qualification requirement as per clause 1.1.1.1 / 1.1.2.1 above. Further, certificate
from owner of the plant shall also be furnished by the Bidder along with the Techno-Commercial bid for the successful operation as
specified at clause 1.1.1.1 / 1.1.2.1 above.
2.0.0 Financial Criteria
2.1.1.0 Financial Criteria of Bidder
2.1.1.1 The average annual turnover of the Bidder, in the preceding three (3) financial years as on the date of Techno-Commercial bid
opening, should not be less than INR 83.250 Million (Indian Rupees Eighty Three Million Two Hundred Fifty Thousand ) or in
equivalent foreign currency.
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.
2.1.1.2 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.
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.
2.1.1.3 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 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. 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 is 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.
2.2.1.0 Financial Criteria of Collaborator (Applicable for clause 1.1.2.0)
2.2.1.1 The average annual turnover of the Collaborator, in the preceding three (3) financial years as on the date of
Techno-Commercial bid opening, should not be less than INR 83.250 Million (Indian Rupees Eighty Three Million Two Hundred
Fifty Thousand) or in equivalent foreign currency.
In case a Collaborator 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