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in addition to original contract duration for the purpose of
evaluation.
6.2 Financial criteria for Bidder:
6.2.1 The average annual turnover of the Bidder, should not be less than
Rs.142.50 Lacs (Rupees One crores forty two lacs fifty thousand only)
during the preceding three (3) completed financial years as on the
date of techno-commercial bid opening.
6.2.2 In case the bidder does not satisfy the financial criteria, stipulated
at Cl. 6.2.1 above on its own, it’s holding company would be
required to meet the stipulated turnover requirements at Cl. 6.2.1
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 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.
6.2.3 The net worth of the Bidder as on the last day of the preceding
financial year should not be less than 100% of the paid-up share
capital. 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, or as a
Consortium / Joint Venture, wherever applicable, the Net worth of
the bidder and its Subsidiary(ies) and / or Holding Company and
/or Subsidiary(ies) of the Holding Company or as a Consortium /
Joint Venture, 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 their respective paid up share capitals and Y1, Y2, Y3
are individual paid up share capitals.
6.2.4 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 in 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 the Holding Company.