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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 unconsolidated
financial statements form part of the Consolidated Annual Report of the Holding
Company.
In cases where audited results for the last preceding 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.
6.2.2 Financial criteria for Collaborator/Associate (in case of Bidder participating through
clause 6.1.2)
a) For Bidder seeking qualification through clause no 6.1.2 above, the average annual
turnover of its Collaborator/Associate (meeting requirement of Clause 6.1.1 above)
should not be less than ₹ 2.53 Crore (Rupees Two Crore and Fifty-Three Lakh only) or in
equivalent foreign currency, during the preceding three (3) completed financial years as
on the date of Techno-commercial bid opening.
In case the Collaborator/Associate does not satisfy the average annual turnover criteria
above on its own, its Holding Company would be required to meet the stipulated
turnover requirements at Cl.6.2.2 (a) 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
Collaborator/Associate would be required to furnish along with bidder's Techno-
Commercial bid, a Letter of Undertaking from the Holding Company, supported by Board
Resolution of the Holding Company, as per the format enclosed with the bidding
documents, pledging unconditional and irrevocable financial support to the
Collaborator/Associate to honour the terms and conditions of the Deed of Joint
Undertaking in case of award of the Contract to the Bidder with whom
Collaborator/Associate is associated.
b) The Net Worth of each Collaborator/Associate, as on the last day of the preceding
financial year as on the date of Techno-commercial bid opening should not be less
than 100% (hundred percent) of its paid-up share capital. In case the