DETAILED INVITATION FOR BIDS
INR 143 Crores (Indian Rupees One Hundred and Forty Three Crores Only) or
in equivalent foreign currency.
In case a Bidder does not satisfy the 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 bid documents,
pledging unconditional and irrevocable financial support for the execution of the
Contract by the Bidder in case of award. In case a bid submitted by a
Consortium, all the partners of Consortium shall be collectively required to meet
the turnover criteria.
(
ii) The Net worth of the bidder should not be less than 100% (hundred percent) of
its paid up share capital as on the last day of the preceding financial year on 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 Subsidiaries
of its Holding company wherever applicable. In such case 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%
(
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. For a Consortium, the net worth of all Consortium
members in combined manner should not be less than 100%(hundred percent)
of their 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 respective
paid up share capitals.
(
iii) 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 for substantiation of its qualification.
a. Copies of the unaudited unconsolidated financial statements of the Bidder
along with copies of the audited consolidated financial statements of its
Holding Company.
b. A Certificate from the CEO/CFO of the Holding Company, as per the format
enclosed in the bid documents, stating that the unaudited unconsolidated
PROCUREMENT OF 0.6 MMT OF IMPORTED COAL FOR MEJA THERMAL POWER
PLANT; BIDDING DOCUMENT NO. CS-0360-010-9
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INVITATION FOR
BIDS