02. (a) Average annual financial turn-over of the bidder during preceding three (03) financial
years prior to the date of techno-commercial bid opening shall not be less than Rs.53.22
lakhs.
(b) In case the Bidder is not able to furnish its audited financial statements on stand-alone
entity basis, the unaudited unconsolidated financial statements of 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 Annual Financial Statements of the company.
In cases where audited results for the last financial year as on the date of the 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
for 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 that financial
parameters is not available.
Note:
(a) The word “executed” mentioned in clause 1.0 means that the bidder should have achieved
the criteria specified in clause 01 with ANY of the following conditions :
Case-I : The work is started earlier (prior to the period stipulated in Clause-1.0) but completed
within the stipulated period as mentioned in clause 1.0. In such cases, entire executed value of
the relevant work vide that work order shall be considered for evaluation.
Case-II : The work is started and completed within the stipulated period as mentioned in clause
1.0.
Case-III : The work is started within the stipulated period as mentioned in clause 1.0 but not
completed as on the last date of stipulated period. In such cases, “In Progress” executed value of
the relevant work vide that work order as on the last date of stipulated period, shall be
considered for evaluation.
Remarks :
(i) Any of the above cases shall be supported by documentary evidence issued by the
owner.
(ii) In case of composite work/BOQ, the bidder shall have to furnish Certificate from
owner certifying the value of specific nature of work, as mentioned at Clause-1.0.
b) Other income shall not be considered for arriving at annual turnover.
c) “Holding company” shall have the meaning ascribed to it as per Companies Act of India.