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.
1.
Copies of the unaudited unconsolidated financial statements of the bidder
along with copies of the audited consolidated financial statements of the
Holding Company.
2.
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 NTPC shall allow purchase preference, as indicated in the bidding documents, to
bids from local suppliers as defined in the bidding documents. The bidders may
apprise themselves of the relevant provisions of bidding documents in this regard
before submission of their bids.
8
.0 NTPC reserves the right to reject any or all bids or cancel / withdraw the
Invitation for Bids without assigning any reason whatsoever and in such case no
bidder / intending bidder shall have any claim arising out of such action.
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