other intermediary organization. A certificate from such owner of plant shall be
required to be furnished by the bidder along with its techno-commercial bid in
support of its claim of meeting requirement stipulated above.
6
.1.7 SPV based Roof-top and ground mounted solar power projects, which are grid
connected, shall be considered as Bidder's experience for meeting the QR.
6
6
.2Financial criteria:
.2.1 The average annual turnover of the Bidder, should not be less than 296.62 Lakh
Rupees Two Hundred Ninety-Six Lakh and Sixty-Two Thousand only) during
(
the preceding three (3) completed financial years as on the date of Techno-
commercial bid opening.
6
.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.
.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.
6
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.
6
.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 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.
NOTES:
1
.
Other income shall not be considered for arriving at annual turnover.
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