5.2.1
The average annual turnover of the Bidder, in the preceding three (3)
financial years as on the date of techno commercial bid opening, shall not be
less than Rs. 469 Lakhs (Rupees Four Hundred and Sixty Nine lakhs
only).
5.2.2
Net worth of bidder shall not be less than 100% of the bidder’s paid up share
capital as on the last day of the preceding financial year. 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 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. 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 statement on
standalone entity basis, the unaudited unconsolidated financial statement 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 CEO/CFO of the Holding company as per the
format enclosed statement 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 date of techno
commercial bid opening are not available, the financial result 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 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 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