NTPC LIMITED
(A Government of India Enterprise)
Western Region – I Shared Services Centre
PO Adityanagar, Kawas
Surat – 394516, Surat
NTPC/SSC-WR-I(Kawas)/9900184354 NIT Page 3 of 5
(ii) In case of orders under execution, the value of work executed till the first schedule date
of Techno-commercial bid submission as certified by the client shall be considered
acceptable.
6.2 Financial Criteria
6.2.1 The average annual turnover of the Bidder, should not be less than INR 69.63
Lakhs (Rupees sixty nine lakh sixty three thousand only) during the
preceding three (3) completed financial years as on the first schedule date of
Techno-commercial bid submission.
6.2.2 In case the bidder does not satisfy the financial criteria, stipulated at Cl. 6.2.1
above on its own, it’s holding company would be required to meet the stipulated
turnover requirements at Cl. 6.2.1 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 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” shall have the meaning ascribed to it
as per Companies Act of India.