
DETAILED INVITATION FOR BID
BIDDING DOCUMENT NO.: 9900174309
Earth filling at Mining Pits encountered at MGR Area corridor
and Reservoir-II area at Lara STPP stage-I (2X800MW)
SECTION-I (IFB)
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3 OF 4
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
Net worth in combined manner shall be calculated as follows:
Net worth (combined)=(x1+x2+x3)/(y1+y2+y3)x100 where x1, x2, x3 are individual net worth which
shall not be less than 75% of the respective paid up share capitals and y1, y2, y3 are individual
paid up share capitals.
5.2.3 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 furnishes the following further documents on
substantiation of its qualification.
• Copies of the unaudited unconsolidated financial statements of the bidder along with copies
of the audited consolidated financial statements of the Holding Company.
• 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 annual report of the company.
5.2.4 In case 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 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.
5.2.5 In case a bidder does not satisfy the financial criteria, stipulated at Cl. 5.2.1 and/ or Cl.5.2.2
above on its own, the holding company would be required to meet the stipulated turnover
requirements at Cl.5.2.1 above, provided that the net worth of such holding company as on the last
day of the preceding financial year is atleast 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 bid, a
Letter of Undertaking from the holding company, supported by 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.
टीप Notes (i) 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 any, shall be reduced from
reserves and surplus.
(ii) Other income shall not be considered for arriving at annual turnover.