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.2.2 In case the Bidder is not able to furnish its audited financial statements on standalone 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:
•
•
Copies of the unaudited unconsolidated financial statements of the Bidder along with
copies of the audited consolidated financial statements of its Holding Company.
A Certificate from the CEO / CFO of the Holding Company, as per the format enclosed
with 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 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 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.
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.2.3 Net worth of the bidder should not be less than 100% (hundred percent) of the bidder's paid up
share capital as on the last day of the preceding financial year. 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 Subsidiary (ies) of the Holding
Company, in combined manner should not be less than 100% (hundred percent) of their total paid
up share capital. However, individually, their Net worth should not be less than 75% (seventy five
percent) of their respective paid up share capitals.
Net worth in combined manner shall be calculated as follows: Net worth (combined) =
(
(Xl+X2+X3) / (Yl + Y2 +Y3)) X 100
Where Xl,X2,X3 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 capitals.
Notes for clause 2.0
•
Other income shall not be considered for arriving at annual turnover.
•
•
“Holding Company” shall have the meaning ascribed to them as per the Companies Act of India.
Net worth means the sum total of the paid up share capital and free reserves. Free reserve means
all reserves credited out of the profits and share premium account but does not include reserves
credited out of the revaluation of the assets, write back of depreciation provision and
amalgamation. Further any debit balance of Profit and Loss account and miscellaneous expenses
Page 4 of 5
SSC Coal Mining Projects
PROCUREMENT (SUPPLY AND
COMMISSIONING) AND AMC OF
TERRESTRIAL 3D LASER SCANNER
NIT NO. :
SECTION-I (Detailed IFB)
(
SURVEY INSTRUMENT)