DETAILED INVITATION FOR BID
BIDDING DOCUMENT NO.: 9900177061 SECTION-I (IFB)
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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