NTPC LIMITED
(A Government of India Enterprise)
Western Region – I Shared Services Centre
PO Adityanagar, Kawas
Surat – 394516, Surat
NTPC/SSC-WR-I(Kawas)/9900181753 NIT Page 3 of 4
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 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.
(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 Report of the company.
6.2.4 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 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.
Notes:
(i) Other income shall not be considered for arriving at annual turnover.
(ii) “Holding company “and “Subsidiary Company” hall have the meaning ascribed to
them as per Companies Act of India as defined below:
a. ‘Holding Company’, in relation to one or more other companies, means a
company of which such companies are subsidiary companies.
b. ‘Subsidiary Company’ or ‘subsidiary’, in relation to any other company (that is to
say the holding company) means a company in which the holding company-
i. Controls the composition of the Board of Directors or
ii. Exercises or controls more than one-half of the total share capital either
at its own or together with one or more of its subsidiary companies:
provided that such class or classes of holding companies as may be
prescribed shall not have layers of subsidiaries beyond such numbers as
may be prescribed
7.0 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.