Acoustic Treatment, Electrical Works, HVAC System, Fire Detection, Alarm
& Protection System, Stage Curtains & Lighting and Audio-Visual Works for
Auditorium at NTPC Lara
[BIDDING DOCUMENT NO. 9900174494]
IFB
Section-I
Page 6 of 7
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.
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.
6.0
Notwithstanding anything stated above, the Employer reserves the right to assess
the capabilities and capacity of the Bidder/ his collaborators / associates/
subsidiaries/ group companies to perform the contract, should the circumstances
warrant such assessment in the overall interest of the Employer.