DETAILED NOTICE INVITING TENDER (NIT)
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company, supported by 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.
6.2.3 The net worth of the Bidder as on the last day of the preceding
financial year should not be less than 100% of the 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, or as a
Consortium / Joint Venture, wherever applicable, the Net worth of
the bidder and its Subsidiary(ies) and / 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.
6.2.4 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.
6.2.5 In cases 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 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