NTPC Limited
A Government of India Enterprise)
(
Vindhyachal Super Thermal Power
NOTICE INVITING TENDER (NIT)
FOR
1st Raising of Ash Dyke Lagoon V-4B at NTPC-Vindhyachal
(
Estimated Cost: Rs.489.25 lacs)
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.0(b) The Net Worth of the bidder as on the last day of the preceding financial year (reckoned
on the date of techno-commercial bid opening) should not be less than 100% of the
Bidder’s 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 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.
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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.0(c) 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 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.
(
ii) A Certificate from the CEO/CFO of Holding Company, as per the format enclosed in the
bidding documents, stating that the unaudited unconsolidated financial statements from
part of the consolidated annual financial statements of the Holding Company.
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 practising
Chartered Accountant shall be considered acceptable. In case, Bidder is not able to
submit the certificate from practising 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 practising Chartered
Accountant certifying the financial parameters is not available.
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.0(d) In case the bidder does not satisfy the financial criteria, stipulated at Cl. 2.0 (a) above on
its own, its Holding Company would be required to meet the stipulated turnover
requirements at Cl. 2.0 (a) 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 award.
NOTE:
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