x Copies of the unaudited unconsolidated financial statements of the bidder along with
copies of the audited consolidated financial statements of the Holding Company.
x A certificate from the CEO/CFO of the Holding Company as per the format enclos
ed in
the bid documents stating that the unaudited unconsolidated financial statements form
part of the consolidated annual report of the company.
5.2.4
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 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.
5.2.5
In case a bidder does not satisfy the financial criteria, stipulated at Cl. 5.2.1 and/ or Cl.5.2.2
above on its own, the holding company would be required to meet the stipulated turnover
requirements at Cl.5.2.1 above, provided that the net worth of such holding company as on the
last day of the preceding financial year is atleast 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
bid, a Letter of Undertaking from the holding company, supported by 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.
i. Net worth means the sum total of the paid up share capital and free rese
rves. 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 to the extent not adjusted or written off, if
any, shall be reduced from reserves and surplus.
ii. Other income shall not be considered for arriving at annual turnover
.
iii. Holding Company” and “Subsidiary Company” shall have the meaning ascribed to
them as per Companies Act of In
dia.
6.0
Notwithstandinganythingstatedabove,theEmployerreservestherighttoundertakea
physicalassessmentofcapacity&capabilities includingfinancialcapacity&capabilityofthe
bidder/hiscollaborator(s)/associate(s)/subsidiary(ies)/groupcompany(ies)to performthe
contract,shouldth
e
circumstances
warrantsuchassessmentintheoverallinterestofthe
employer.Thephysicalassessmentshallincludebutnotbelimited totheassessmentofthe
office/facilities/banker’s/referenceworksbyemployer.Anegativedeterminationofsuch
assessmentofcapacityandcapabilitiesmayresultinrejectionofbid.
7.0A complete se
t of Bidding
Documents may be downloaded by any interested Bidder
directly through NTPC eͲprocurement portal, https://eͲprocurentpc.nic.in. For logging
on to the etender Site, the bidder would require user id and Password which can be