NTPC Limited
A Government of India Enterprise)
SSC NR Vindhyachal
(
NOTICE INVITING TENDER (NIT)
FOR
SUPPLY, ERECTION, TESTING AND COMMISSIONING OF IGV ACTUATORS OF ID / FD / PA FAN
FOR NTPC VINDHYACHAL STAGE # 1
(Domestic Competitive Bidding)
irrevocable financial support for the execution of the Contract by the Bidder in case of award.
2
.2
The Net Worth of the bidder as on the last day of the preceding financial year (reckoned on the
date of techno-commercial bid opening) should not be less than 100% of the Bidder’s paid-up
share capital. In case the Bidder meets the requirement of Net worth based on the strength of its
Subsidiary (ies) and/or Holding Company and/or Subsidiaries of its Holding companies
wherever applicable, 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% of their total paid-up share capital. However individually, their Net worth should
not be less than 75% 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 paid up share capitals.
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 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) Net worth means the sum total of the paid up share capital and free reserves. Free reserve
means all reserves credited out of the profits and share premium account but does not
include reserves credited out of the revaluation of the assets, write back of depreciation
3
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Section I: Notice Inviting Tender (NIT): Version 1
Version 1.0