DETAILED INVITATION FOR BID
MOUDA SUPER THERMAL POWER STATION STAGE-II
(2X500 MW)
BIDDING DOCUMENT NO.: CS-9561-103C-2
Mini Oil Gun Ignition System (MOIS) in one of the
boiler of Mouda Stage-I (2X500MW)
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In case the Collaborator/Associate does not satisfy the average annual turnover
criteria above on its own, its Holding Company would be required to meet the
stipulated turnover requirements at Cl. 6.2.2.1 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 Collaborator/Associate would be required to furnish along with bidder's
Techno-Commercial bid, a Letter of Undertaking from its 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.
6.2.2.2 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 meet
the requirement of Net worth based on the strength of its Subsidiary(ies) and/or
Holding Company and/or Subsidiaries of its Holding company wherever applicable.
In such a case, however the Net worth of the Collaborator/Associate 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.
6.2.2.3 In case the Collaborator/Associate is not able to furnish its audited financial
statements on standalone entity basis, the unaudited unconsolidated financial
statements of the Collaborator/Associate can be considered acceptable provided
the Collaborator/Associate further furnishes the following documents for
substantiation of its qualification:
i) Copies of the unaudited unconsolidated financial statements of the
Collaborator/Associate, along with copies of the audited consolidated
financial statements of the Holding Company of Collaborator/Associate.
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 of Collaborator/Associate.
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