DETAILED INVITATION FOR BID
FARAKKA SUPER THERMAL POWER STATION,
STAGE-II (2 X 500 MW)
BID DOC. NO. CS-4130-301A(R1)-9
CIVIL WORKS FOR CONVEYING RAW WATER TO
INTAKE CHANNEL
SECTION-I (IFB)
PAGE
4 OF
6
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 (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 does not satisfy the Net worth criteria on its own, it
can meet the requirement of Net worth based on the strength of its subsidiary(ies)
and/or
Holding
Company and/or Subsidiaries of the Holding companies wherever applicable.
The
Net
worth of the Bidder and its subsidiary(ies) and/or Holding Company and/or subsid
iary(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) = (X
1+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 capita
ls.
c)
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:
(i)
Copies of the unaudited unconsolidated financial statements of the Bidder along
with
copies of th
e audited consolidated financial statements of its Holding Company.
(ii)
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 Financial Statements of the company.
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 a practicing Chartered Accountant certifying its financial parameters, the
audited result 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 date of techno commercial bid opening
and the Certificates from the practicing Chartered Accountant certifying the financial
parameters is not available.
NOTES FOR CLAUSE 7.2.0.0 ABOVE:
(i)
Net Worth means the sum total of the paid up share capital and free reserves. F
ree
reserves
means all reserves credited out of the profits and share premium account but
does not include reserves credited out of the revaluation of assets, write back of
depreciation provisions and amalgamation. Further any debit balance of Profit & Loss
account
and miscellaneous expenses to the extent not adjusted or written off, if any, shall
be reduced from reserves & surplus.