Section-I: Notice Inviting Tender Page 4 of 5
or Holding Company and /or Subsidiary(ies) of the Holding Company or as a
Consortium / Joint Venture, 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 their respective
paid up share capitals and Y1, Y2, Y3 are individual paid up share capitals.
2.2.4 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 in 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 the 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 financial statements form
part of the Consolidated Annual Report of the company.
2.2.5 In case where audited results for the last financial year as on the date of bid opening are 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 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.
NOTES:
1) Net worth means the sum total of the paid up share capital and free reserves. Free
reserves 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 expenses to the extent not adjusted or written off, if any,
shall be reduced from reserves and surplus.
2) Other Income shall not be considered for arriving at annual turnover.
3. REVERSE AUCTION: Not Applicable
4. GENERAL TERMS AND CONDITIONS:
4.1. Bidders are requested to check the above mentioned Qualifying Requirements (QR) of the
subject tender before down loading of tender documents.
4.2. Documents as a proof of meeting Qualifying Requirements should be submitted along with the
offer only.