(
ii) The work/order is started and completed within the stipulated period. In such cases,
entire executed quantity/value of the relevant work vide that work order shall be
considered for evaluation.
(
iii) The work/order is started within the stipulated period but not completed as on the
last date of stipulated period. In such cases, "In Progress" executed quantity / value
of the relevant work vide that work order as on the last date of stipulated period,
shall be considered for evaluation.
5.2.2 Financial Criteria
a) The average annual turnover of the bidder in the preceding three (03) financial years as on
the last date of the month preceding the month in which Notice Inviting Tender is published
shall not be less than Rs 5.95 Lakhs (Rs Five lakhs & Ninety-five thousand only).
In case a Bidder does not satisfy the annual turnover criteria, stipulated above on its own,
its Holding Company would be required to meet the stipulated turnover requirements as
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 Techno
Commercial bid documents, pledging unconditional and irrevocable financial support for
the execution of the Contract by the Bidder in case of award.
b)The Net Worth of the Bidder as on the last day of the preceding financial year, of the
date of Techno-commercial Bid opening, shall not be less than 100% of the bidders 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 Subsidiary (ies) of the
Holding company 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 theirtotal 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) / (Yl+Y2+Y3)l x 100
Where X 1, X 2, 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 cap itals.
c) In case the bidder is not able to furnish its audited financial statements on stand-alone
entity basis, the un-audited unconsolidated financial statements of the bidder can be
considered acceptable provided the bidder further furnishes the following documents for
substantiation of its qualification:
i) Copies of the un-audited 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 bidding documents, stating that the unaudited unconsolidated financial
statements form part of the consolidated financial statements of the Holding Company.