MEJA URJA NIGAM PVT. LTD.
CIN NO : U74900DL2008PTC176247
(
A Joint Venture of NTPC & UPRVUNL)
Meja Thermal Power plant P.O.- Kohdar, Tehsil – Meja
Distt.- Allahabad-U.P. ( 212301)
Ref. No. MUNPL/C&M/Contracts/NIT/19-20/120
Date: 16.03.2020
2
.2 In case the Bidder does not satisfy the average 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 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 the Holding Company’s 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 The Net Worth of the Bidder should not be less than 100% (Hundred Percent) of the paid-up share capital as
on the last day of the preceding financial year.
In case the Bidder does not meet the Net worth criteria on its own, it can meet the requirement of Net Worth
based on the strength of its Subsidiary (ies) and / or Holding Company and / or Subsidiaries of its Holding
Company wherever applicable. In such case, however 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
Worht should not be less than 75% (Seventy-Five percent) of their respective paid-up share capital.
Net Worth in combined manner shall be calculated as follows:
Net Worth (combined) = (X1+X2+X3) / (Y1+Y2+Y3) x 100;
Where X1, X2, X3 are individual net worth which should not be less than 75% of the respective paid up share
capitals and Y1, Y2, Y3 are individual paid up share capitals.
2
.4 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:
i) Copies of the unaudited unconsolidated financial statements of the Bidder along with copies of the
audited consolidated financial statements of its Holding Company.
ii) 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 financial statements of the Holding Company.
2
.5 In case 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 bid 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 for 2.0 above:
i. 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
Page 2 of 4