2
.1
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 INR 308.18 Lakh.
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 Techno-Commercial bid documents, pledging
unconditional and irrevocable financial support for the execution of the Contract by the Bidder in
case of award
2
.2
Net Worth of the bidder should not be less than 100% of the bidder’s paid up share capital as on
the last day of the preceding financial year of the date of Techno-Commercial bid opening. In
case the Bidder 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
Subsidiary(ies) or its Holding Companies, 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% ( one hundred percent) of
their total paid up share capital. However individually , their Net worth should not be less than
7
5% (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)]X100
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.
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 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 Annual Financial Statements of the company.
In cases where audited results for the last financial year as on the date of the Techno-
Commercial Bid opening are not available, the financials 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 that financial parameters is not available.
NAME OF PACKAGE: “ Bi-Annual Service Contract for Comprehensive Maintenance of Electrical and C&I Facilities of Stage#1 and Township
Electrical Maintenance of NTPC Barauni..”,
BID DOCUMENT NO. : 9900183763