NTPC LIMITED
A Government of India Enterprise)
(
Western Region – 1 Shared Services Centre
PO Adityanagar, Kawas
Surat – 394516, Surat
Note:
1
2
. The word “Executed" mentioned above means that the bidder should have achieved
the criteria specified above, even if the total contract is started earlier and/or is not
completed/closed.
. In case of orders under execution, the value of work executed till the date of Techno-
commercial bid opening, duly certified by project authority, shall be considered
acceptable.
7
.2 Financial criteria:
7
.2.1 The average annual turnover of the Bidder, should not be less than 54.72 Lakh (Rupees
Fifty-Four Lakh and Seventy-Two Thousand only) during the preceding three (3)
completed financial years as on the date of Techno-commercial bid opening.
7
.2.2 In case the bidder does not satisfy the financial criteria, stipulated at Cl. 7.2.1 above on
its own, its holding company would be required to meet the stipulated turnover requirements
at Cl. 7.2.1 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.
7
.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
2
. Copies of the unaudited unconsolidated financial statements of the bidder along with
copies of the audited consolidated financial statements of the Holding Company.
. 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.
7
.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
NTPC/SSC-WR-I(Kawas)/9900174917
NIT
Page 3 of 5