To arrive at the executed value towards meeting the similar work criterion, the value
pertaining to non IT-Security items like PC, printers, Ethernet Switches, Routers, Servers,
Storage, Cabling would be excluded.
6.3.0 Financial criteria
a) The average annual turnover of the bidder in the preceding three financial years as on
the date of Techno commercial opening of bid shall not be less than Rs.2592 Lacs (Rupees
TWO Thousand Five Hundred Ninety Two Lacs).
In case the bidder does not satisfy the average annual turnover criteria, stipulated above
on its own, its Holding Company would be required to meet the stipulated turnover
requirements as above, provided that the net worth of such Holding Company as on the
last day of the preceding financial year is at least 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 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 should
not be less than 100% (hundred percent) of its 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 if its Holding company wherever applicable. In such a case, however, 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.
c) 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 further furnishes the following documents for
substantiation of its qualification:
1a) Copies of the unaudited unconsolidated financial statements of the bidder along with
copies of the audited consolidated financial statements of its Holding Company.
2.b) 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