NTPC LIMITED
A Government of India Enterprise)
(
Western Region – 1 Shared Services Centre
PO Adityanagar, Kawas
Surat – 394516, Surat
6
.2 Financial criteria:
6
.2.1 The average annual turnover of the Bidder, should not be less than 37.88 Lakhs (Rupees Thirty-
Seven Lakhs and Eighty-Eight Thousand only) during the preceding three (3) completed financial
years as on the date of Techno-commercial bid opening
6
.2.2 In case the bidder does not satisfy the financial criteria, stipulated at Cl. 6.2.1 above on its own, it’s
holding company would be required to meet the stipulated turnover requirements at Cl. 6.2.1 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 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.
6
.2.3 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 in 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 the Holding Company.
(
ii)
A Certificate from the CEO/CFO of the Holding Company, as per the format enclosed in the bid
documents, stating that the unaudited unconsolidated financial statements form part of the
Consolidated Annual Report of the company.
6
.2.4 In cases 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 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 the
financial parameters is not available.
NOTES:
1
2
. Other income shall not be considered for arriving at annual turnover.
. “Holding company “and “Subsidiary Company “shall have the meaning ascribed to them as per
Companies Act of India
7
.0 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/SSC-WR-I(Kawas)/
NIT
Page 3 of 4