7.2.3
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
alongwith 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 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 a 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.
7
.3.0
.3.1
Financial Criteria of Collaborator(s)/Associate(s)
7
For the bidder seeking qualification through clause no 7.1.2 above, the average
annual turnover of the Collaborator(s) I Associate(s), in the preceding three (3)
financial years as on the date of techno-commercial bid opening, should not be
less than the amount specified below:
INR 366 Million (Rupees Three Hundred Sixty Six Million only) or in
equivalent foreign currency for the Collaborator/Associate for fly ash
transportation system (meeting requirement of clause 7.1.1 above).
In case the Collaborator/Associate 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, 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 Collaborator(s)/Associate(s) would be required to furnish along with
bidder's Techno-Commercial bid, a Letter of Undertaking from the Holding
Company, supported by Board Resolution of the Holding Company, as per the
format enclosed with the bidding documents, pledging unconditional and
irrevocable financial support to the Collaborator/Associate to honour the terms
and conditions of the Deed of Joint Undertaking in case of award of the Contract
to the Bidder with whom Collaborator/Associate is associated.
7.3.2
The Net Worth of each Collaborator/Associate, as on the last day of the
preceding financial year as on the date of Techno-commercial bid opening should
not be less than 100% (hundred percent) of its paid-up share capital. In case the
Collaborator/Associate does not meet the Net worth criteria on its own, it can
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