2
2
.0 FINANCIAL CRITERIA
.1 The Average Annual Turnover of the bidder, in the preceding three (3) financial years as on
the date of Techno-Commercial bid opening, shall not be less than Rs. 907.03 Lakh (Indian
Rupees Nine Crore Seven Lakh Three Thousand only)
2
.2 The Net Worth of the bidder , as on the last day of preceding Financial Year , shall not be
less than 100 % of its 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 Subsidiaries of its Holding companies, 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
7
5% of their respective paid up share capital.
For consortiums/ Joint ventures, wherever applicable, the Net worth of all consortiums/ 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 75% of the respective
paid of 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 statement on standalone entity
basis, the unaudited unconsolidated financial statements of the bidder can be considered
acceptable provided the bidder furnishes the following further documents on substantiation of
its qualification.
a. Copies of unaudited unconsolidated financial statement of the bidder along with
copies of audited consolidated financial statements of the Holding Company.
b. A certificate from the CEO/CFO of the Holding Company, as per format enclosed in
the bid documents, stating that the unaudited unconsolidated financial statements
form part of the consolidated Annual Report of the Company.
In case where audited results for the last financial year as on 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 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
practicing Chartered Accountant certifying the financial parameters is not available..