7.1.2 (a) Bidders who do not meet the qualification requirements stipulated at 7.1.1(a) above, may also
participate provided the Bidder is a contractor in water treatment plant and has executed at least
one(1) number ion exchange based demineralising plant of minimum capacity of 60 cu.m/hr
consisting of maximum two(2) streams and associates for this bid with an Associate who in turn
fully meets the requirements stipulated at 7.1.1(a) above.
7.1.2 (b) In such a case, the Bidder should furnish an undertaking jointly executed by it and its
Collaborator/Associate, as per format enclosed in the bidding documents, for successful
performance of the Condensate Polishing Plant. This Deed of Joint Undertaking(DJU) shall be
submitted along with the Techno-Commercial bid, failing which the Bidder shall be disqualified and
its bid shall be rejected. In case of award, the Bidder's Collaborator/Associate will be required to
furnish an on demand bank guarantee as per format enclosed in the bidding documents for a value
equal to 1%(One percent) of the total contract price in addition to the contract performance security
to be furnished by the Bidder.
7.2.0 Financial Criteria:
7.2.1(a) 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 INR 1424 Lakhs (Indian Rupees
One thousand four hundred and twenty four Lakhs only).
In case, a Bidder does not satisfy the financial 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 its Holding Company, supported by the Board Resolution of the Holding Company, 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.
7.2.1(b) Net Worth should not be less than 100 %( hundred percent) of the Bidder's paid up share capital
as on the last day of the preceding financial year. 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 % ( hundred percent) of their total paid up share capital. However
individually, their Net worth should not be less than 75% (seventy five percent) of their respective
paid up share capitals.
7.2.1(c) In case the Bidder is not able to furnish its audited financial statements on standalone entity
basis, the un-audited 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 un-audited 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 bidding documents, stating that the un-audited unconsolidated financial statements
form part of the Consolidated 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 also be considered acceptable. In case, Bidder is not able to submit the Certificate from a
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 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.