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.2 Financial criteria:
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.2.1 The average annual turnover of the Bidder, should not be less than ₹
96.0 Lakhs (Rupees Eight Hundred Ninety-Six Lakhs only) during the
preceding three (3) completed financial years as on the date of Techno-
commercial bid opening.
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.2.2 In case the bidder does not satisfy the financial criteria, stipulated at
Cl. 6.2.1 above on its own, its 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.
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.2.3 The Net Worth of the bidder shall not be less than 100% of the
bidder’s paid up share capital as on the last day of the preceding
financial year. 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. For Consortiums/Joint Ventures, wherever
applicable, the Net worth of all consortium/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 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
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5% of their respective paid up share capitals and Y1, Y2, Y3 are individual
paid up share capitals
.2.4 In case the bidder is not able to furnish its audited financial
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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.
1
. Copies of the unaudited unconsolidated financial statements of the
bidder along with copies of the audited consolidated financial
statements of its Holding Company.
2. A Certificate from the CEO/CFO of the Holding Company, as per the
format enclosed in the bidding documents, stating that the unaudited