quantity/ value of the relevant work vide that work order as on the last date of
stipulated period, shall be considered for evaluation.
5.2 Financial Criteria
a) The average annual turnover of the bidder in the preceding three (03) financial years as on
the last date of the month preceding the month in which Notice Inviting Tender is published
shall not be less than Rs 40.31 Lakhs (Rs Forty lakhs & thirty-one thousand only).
In case a Bidder does not satisfy the annual turnover criteria, stipulated above on its own,
its Holding Company would be required to meet the stipulated turnover requirements as
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
Holdin g Company. In such an event, the Bidder would be required to furnis h along with
its Techno-Commercial bid, a Letter of Undertaking from the Holding Company, supported
by the Holding Company·s Board Resolution. as per the forn1at enclosed in the Techno
Commercial bid documents. pledging 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, of the date
of Techno-commercial Bid opening, shall not be less than 100% of the bidders 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 Subsidiary (ies) of the Holding
company wherever applicable, the Net Worth of the bidder and its Subsidiary (ies) and/or
Holding company and/or Subsidiary (ies) of the Holding company, in combined manner
should not be less than 100% of theirtotal 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) / (Yl+Y2+Y3)l x 100
Where X 1, X 2, are individual net worth which should not be less than 75 % of the
respective paid up share capitals and Yl,Y2,Y3 are individual paid up share cap itals.
a)In case the bidder is not able to furnish its audited financial statements on stand-alone
entity basis, the un-audited 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 un-audited unconsolidated financial statements of the bidder along with
copies of the audited consolidated financial statements of the Holding Company.
ii)
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 financial statements of the Holding 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 also be considered acceptable. In case, Bidder is not able to
submit the Certificate from a 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