DETAILED INVITATION FOR BID
FARAKKA SUPER THERMAL POWER STATION,
STAGE-II (2 X 500 MW)
BID DOC. NO. CS-4130-301A-9
CIVIL WORKS FOR CONVEYING RAW WATER TO
INTAKE CHANNEL
SECTION-I (IFB)
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.
b) The Net Worth of the bidder as on the last day of the preceding financial year (reckoned on
the date of techno-commercial bid opening) should not be less than 100% of the Bidder’s
paid-up share capital. In case the Bidder does not satisfy 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 the 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.
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 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 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
in the bid documents, stating that the unaudited unconsolidated financial statements
form part of the Consolidated Annual Financial Statements of the 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 result 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 date of techno commercial bid opening
and the Certificates from the practicing Chartered Accountant certifying the financial
parameters is not available.
NOTES FOR CLAUSE 7.2.0.0 ABOVE:
(i) Net Worth means the sum total of the paid up share capital and free reserves. Free
reserves means all reserves credited out of the profits and share premium account but
does not include reserves credited out of the revaluation of assets, write back of
depreciation provisions and amalgamation. Further any debit balance of Profit & Loss