8.2 Financial Criteria
8.2.1 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 ₹ 337 Lakhs (Three Hundred Thirty Seven Lakhs Only).
8.2.2 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 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.
8.2.3 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 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.
8.2.4 "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."
8.2.5 "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 consolidated financial statements of its
Holding Company.
(ii) A certificate from the CEO/CFO of the Holding Company, as per the format
enclosed in the bid documents, stating that the unaudited unconsolidated