date of Techno-commercial bid opening, shall not be less than ₹ 604 lakhs (Six Hundred Four
Lakhs Only).
b) The Net worth of the Bidder shall not be less than 100% of the Bidder’s 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 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% of their total paid up share capital. However individually, their Net worth
should not be less than 75% of their respective paid up share capitals. For Consortiums/Joint
Ventures, wherever applicable, the Net worth of all consortium/Joint Venture members in
combined manner should not be less than 100% of their paid up share capital. However
individually, their Net worth should not be less than 75% of their respective paid up share
capitals.
Networth in combined manner shall be calculated as follows:
Networth(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 where audited result of the last financial year as on the date of Techno-commercial bid
opening is not available, the financial results duly certified by a practicing Chartered
Accountant shall be considered acceptable. In case the 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 that the Financial Results of the Company are under audit as on the date of
Techno-commercial bid opening and that the Certificate from the practising Chartered
Accountant certifying the Financial parameters is not available.
d) In case the Bidder is not able to furnish its audited Financial statements on stand- alone 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 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 in
the bid documents, stating that the unaudited unconsolidated Financial Statements
form part of the consolidated Financial Statements of the Holding Company.
e) In case a Bidder does not satisfy the annual turnover criteria, stipulated above 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
Holding Company’s Board Resolution, as per the format enclosed in the bidding documents,
pledging unconditional and irrevocable financial support for the execution of the Contract by
the Bidder in case of award.