GANGA WATER SUPPLY PACKAGE FOR
BARAUNI TPS (2x110 MW + 2x250 MW)
BIDDING DOCUMENT NO. CS-8004-132C-9
SECTION - I (IFB)
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.
6.2.2 Financial Criteria for the Collaborator/ Associate:
a) For the bidder seeking qualification through clause no 6.1.2 above, the average annual turnover of
the Collaborator / Associate, in the preceding three (3) financial years as on the date of techno-
commercial bid opening, should not be less than the amounts specified below:
(i) INR 462 Million (Rupees Four Hundred Sixty Two Million only) for Collaborate/Associate of
clause no. 6.1.1 (i) for industrial project involving water pumping system of 4000cum/hr capacity or
more and associated electrical work on EPC basis.
(ii) INR 268 Million (Rupees Two Hundred Sixty Eight Million only) for Collaborate/Associate of
clause no. 6.1.1 (ii) for Civil Works for the pumping system or water treatment plant or industrial
project.
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/Associate 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.
b) The Net Worth of 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 companies 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.
c) 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
furnishes the following further documents on 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.