SSC Coal Mining Projects
NIT NO. : 9900183293
Hiring of HEMM
SECTION-I (Detailed IFB)
ii) Necessary documentary evidence in support of execution of the work including the
value specified above to be submitted for qualification.
6.1.2 Financial Criteria for Qualification:
a) The average annual turnover of the Bidder, in the preceding three (3) financial years as on the
date of Techno-Commercial bid opening, should not be less than Rs. 1315 Lakhs (Indian Rupees
One Thousand Three Hundred and Fifteen Lakhs Only).
In case a 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 Techno-Commercial 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) Net worth of the bidder should not be less than 100% (hundred percent) 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 Subsidiaries 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:
(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 with
the bidding documents, stating that the unaudited unconsolidated financial statements form
part of the consolidated financial statements of the Holding Company.
In case where audited results for the last financial year as on date of Techno Commercial