5.2.5 In case a bidder does not satisfy the financial criteria, stipulated at Cl. 5.2.1 and/ or Cl.5.2.2
above on its own, the holding company would be required to meet the stipulated turnover
requirements at Cl.5.2.1 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 bid, a
Letter of Undertaking from the holding 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.
5.3 Financial Criteria of Associate meeting qualification requirement of Clause 5.1.1 (b)
above:
5.3.1 For Bidder seeking qualification through clause 5.1.1 (b), the average annual turnover of its
Associate in the preceding three (3) financial years as on the date of Techno-Commercial bid
opening, shall not be less than Rs 355 Lakhs (Rupees Three Hundred and Fifty Five Lakhs Only).
5.3.2 In case the Associate is not able to furnish its audited financial statements on standalone
entity basis, the unaudited unconsolidated financial statements of the Associate can be considered
acceptable provided the Associate furnishes the following further documents on substantiation of its
qualification:
Copies of the unaudited unconsolidated financial statements of the Associate along with
copies of the audited consolidated financial statements of the Holding Company.
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 of Associate.
5.3.3 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 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.
5.4 Financial Criteria of Associate meeting qualification requirement of Clause 5.1.1 (c)
above:
5.4.1 For Bidder seeking qualification through clause 5.1.1 (c), the average annual turnover of its
Associate in the preceding three (3) financial years as on the date of Techno-Commercial bid
opening, shall not be less than Rs 471 Lakhs (Rupees Four Hundred and Seventy One Lakhs
Only).
5.4.2 Net worth of the Associate shall not be less than 100% of its paid up share capital as on the
last day of the preceding financial year. In case the Associate 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 Associate 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. 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