NTPC LIMITED
(A Government of India Enterprise)
Western Region – I, Shared Services Centre
PO: Aditynagar, Dist. Surat-394516(Gujarat)
6.2 Financial Criteria:
6.2.1 The average annual turnover of the Bidder, should not be less than ₹ 10.00 Crore
(Rupees Ten Crore 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 of the holding
company, 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.
6.2.3 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 for substantiation of its
qualification.
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.
6.2.4 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.
NOTES:
1. Other income shall not be considered for computing annual turnover.
2. “Holding Company" and “Subsidiary Company” shall have the meaning ascribed to
them as per Companies Act of India, in vogue.
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