AUSC R&D Project at Mouda-II
BIDDING DOCUMENT NO. CS-0011-760-9
Evaporator Outlet temperature mapping package
SECTION - I (IFB)
2.0 Financial Criteria for Qualification
2.1 Financial Criteria of Bidder for Qualification
a) The average annual turnover of the Bidder, in the preceding three (3) financial years as on
the date of Techno-Commercial bid opening, should not be less than INR 101 Million
(Indian Rupees One hundred and one Million only) or in equivalent foreign currency.
In case a Bidder does not satisfy the average annual turnover 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 the Holding Company,
supported by the Holding Company’s 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. For Joint Venture/Consortiums bid, all the
partners of the Joint venture / Consortium shall be collectively required to meet the turnover
criteria.
b) 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.
For Consortiums/Joint Ventures , the Net worth of all Consortium/Joint Venture members in
combined manner should not be less than 100% (hundred percent) of their 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.
c) 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