INVITATION FOR BIDS
SMART TOWNSHIP FOR SOLAPUR &
KHARGONE PROJECTS
BIDDING DOCUMENT NO.
CS-9571/9578-413S-9
WATER MANGEMENT PACKAGE
SECTION - I (IFB)
PAGE 3 OF 5
the Bidder does not satisfy the Net Worth criteria on its own, it can meet 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. In such
a case, however, 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.
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.
6.2.3
In case the bidder is not able to furnish its audited financial statements on
standalone 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:
(a)
Copies of the unaudited unconsolidated financial statements of the bidder along
with copies of the audited consolidated financial statements of its Holding
Company.
(b)
A Certificate from the CEO/CFO of the Holding Company, as per the format
enclosed in the bidding documents, stating that the unaudited unconsolidated
financial statements form part of the consolidated annual financial statements of
the Holding Company.
6.2.4
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 a practicing Chartered Accountant certifying its financial parameters, the audited
results for the 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 bid documents stating
that the Financial results of the Company are under audit as on the date of bid
opening and the Certificate from the practicing Chartered Accountant certifying the
financial parameters is not available.
NOTES:
a)
While computing the turnover other income shall not be considered.
b)
Net worth means the sum total of the paid up share capital and free reserves. Free
reserve 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