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7.2.1.2 Net worth of the bidder should not be less than 100% (hundred percent) of its paid up share capital as on
the last day of the preceding financial year on the date of Techno-commercial bid opening. In case the
Bidder does not meet 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 company
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.
7.2.1.3 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:
(i) Copies of the unaudited unconsolidated financial statements of the Bidder along with copies of the
audited consolidated financial statements of its Holding Company.
(ii) A Certificate from the CEO/CFO of the Holding Company, as per the format enclosed with the
bidding documents, stating that the unaudited unconsolidated financial statements form part of the
consolidated financial statements of the Holding Company.
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 a 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.
7.2.2.0 Financial Criteria for the Collaborator(s) / Associate(s)
7.2.2.1 The average annual turnover of the Bidder seeking qualification through Route-2 Clause No.7.1.2.0 for the
Collaborator(s) / Associate(s), in the preceding three (3) financial years as on the date of techno-
commercial bid opening, should not be less than the Rs. 73 Million for different Collaborator(s) /
associate(s) as applicable.
In case the Collaborator/Associate does not satisfy the average annual turnover criteria above on its own,
its Holding Company would be required to meet the stipulated turnover requirements at Cl. 7.2.2.1 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
Collaborator/Associate would be required to furnish along with bidder's Techno-Commercial bid, a Letter of
Undertaking from the Holding Company, supported by Board Resolution of the Holding Company, as per
the format enclosed with the bidding documents, pledging unconditional and irrevocable financial support
to the Collaborator/Associate to honour the terms and conditions of the Deed of Joint Undertaking in case
of award of the Contract to the Bidder with whom Collaborator/Associate is associated
7.2.2.2 The Net Worth of each Collaborator/Associate, as on the last day of the preceding financial year as on the
date of Techno-commercial bid opening should not be less than 100% (hundred percent) of its paid-up