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.1.2 The gear boxes mentioned at 7.1.1, should have been in successful operation
for a period of not less than one (1) year as on the date of Techno-commercial
bid opening.
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.2.0. Financial Criteria:
7.2.1. 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
₹
543 Lakhs (Five Hundred Forty Three Lakhs Only).
7.2.2.
In case a Bidder does not satisfy the 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 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 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.
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.2.3. Net Worth of the bidder should not be less than 100% of the bidder's 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 meets the requirement of
Net worth based on the strength of its Subsidiary(ies) and/or Holding Company
and/or Subsidiariy(ies) of its Holding Companies, wherever applicable, the Net
worth of the Bidder and its Subsidiary(ies) and or Holding Comapny 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
Networth 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.
7.2.4. 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.
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.2.5. In case the Bidder is not able to furnish its audited financial statements on
stand-alone 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 conslidated financial statements of its Holding
Company.