2
.0
.1
Financial Criteria
2
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 Rs 61.76
Lakh (Rupees Sixty One Lakh Seventy Six thousand only).
In case a bidder does not satisfy the financial criteria, stipulated above on its own, its
Holding Company would be required to meet the stipulated turnover requirements
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.
2
.2
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 bidding documents, stating that the unaudited unconsolidated
financial statements form part of the consolidated annual financial statements of
the Holding Company.
In case 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 practicing Chartered Accountant certifying its financial
parameters, the audited results for the 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 practising
Chartered Accountant certifying the financial parameters is not available.
NOTES FOR CLAUSE 2.0:
(
i)
Other income shall not be considered for arriving at annual turnover.
(
ii) "Holding Company" and "Subsidiary" shall have the meaning ascribed to them as
per Companies Act of India.
(
iii) For Turnover indicated in foreign currency, the exchange rate as on seven (07)
days prior to the date of techno-commercial bid opening shall be used.
VI.
VII
Notwithstanding anything stated above, the Employer reserves the right to assess the
capabilities and capacity of the Bidder/ his collaborators / associates/ subsidiaries/
group companies to perform the contract, should the circumstances warrant such
assessment in the overall interest of the Employer.
NTPC reserves the right to reject any or all bids or cancel/withdraw the NIT for the
subject package without assigning any reason whatsoever and in such case no
bidder/intending bidder shall have any claim arising out of such action.