event, the Bidder would be required to furnish along with its Techno-commercial bid, a letter of
undertaking from the Holding Company, supported by 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.
5.2.2 The net worth of the bidder on the last day of the preceding financial year shall not be less than 100
%
of the paid up share capital.
In case the bidder meets the requirement of Net worth at para 2.2, based on the strength of its
Subsidiary (ies) and / or Holding company and / or subsidiaries of its holding company wherever
applicable, the net worth of the bidder and its subsidiary(ies) and / or holding company and / or
subsidiaries of its holding company, in combined manner should not be less than 100% of their total
paid up share capital. However, individually, their net worth should not be less than 75% of their
respective paid up share capital.
For consortiums/ Joint ventures, where ever applicable, the net worth of all consortiums/ joint
venture members in combined manner should not be less than 100% of their paid up share capital.
However, individually, their net worth should not be less than 75% of their respective paid up share
capital.
Net Worth in combined manner shall be calculated as follows:
Net Worth (combined) = (X1 +X2+X3) / (Yl+Y2+Y3) X 100 %
Where, Xl,X2,X3 are individual net worth which should not be less than 75% of the respective paid
up share capitals and Yl,Y2,Y3 are individual paid up share capitals.
5
.2.3 In case the bidder is not able to furnish its audited financial statement on standalone entity basis,
the unaudited unconsolidated financial statements of the bidder can be considered acceptable
provided the bidder furnishes the following further documents on substantiation of its qualification.
a) Copies of the unaudited unconsolidated financial statement of the bidder along with copies of
the audited consolidated financial statements of the Holding Company.
b) A Certificate from the CEO / CFO of the Holding Company, as per format enclosed in the bid
documents, stating that the unaudited unconsolidated financial statement form part of the
Consolidated Annual Report of the company.
In cases where audited results for the last preceding financial year as on date of Techno commercial
bid opening are not available, the financial results certified by a practicing Chartered Accountant
shall be considered acceptable. In case the bidder is not able to submit the certificate from the
practicing charted accountant certifying its financial parameters, the audited results of three
consecutive financial years preceding 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
Page 4 of 5
SSC Coal Mining Projects
Loading, road transportation of coal
From Dulanga CMP to Hemgir siding
including misc activities
NIT NO. : 9900186867
SECTION-I (Detailed IFB)