Tender Ref No /Tender ID : NTPC/SSC-VSR/9900174974
Holding Company and/or Subsidiaries of its Holding company 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% (hundred percent) of their total paid up
share capital. However individually, their Net worth should not be less than 75% (seventy five percent)
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.
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 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 bidding documents, stating that the unaudited unconsolidated financial statements form
part of the consolidated annual financial statements of the Holding 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 practicing
Chartered Accountant certifying its financial parameters, the audited results for the 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 for clause 6.2.0
(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.
(iii)
“Holding Company” and “Subsidiary” shall have the meaning ascribed to them as per Companies
Act of India.
(iv)
For Turnover indicated in foreign currency, the exchange rate as on seven (7) days prior to the
date of techno-commercial bid opening shall be used.
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.
8.0 NTPC reserves the right to reject any or all bids or cancel / withdraw the Invitation for Bids without
assigning any reason whatsoever and in such case no bidder / intending bidder shall have any claim
arising out of such action.
SECTION - I (IFB)
DETAILED INVITATION FOR BIDS