
DETAILED INVITATION FOR BID
5.2.3 In case the bidder is not able to furnish its audited financial statement on standalone entity
basis, the unaudited unconsolidated financial statement of the bidder can be considered
acceptable provided the bidder furnishes the following further documents on substantiation
of its qualification.
Copies of the unaudited unconsolidated financial statements of the bidder along
with copies of the audited consolidated financial statements of the Holding company.
A certificate from CEO/CFO of the Holding company as per the format enclosed
statement 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 date of techno commercial bid
opening are not available, the financial result 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 result 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 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.
Notes:
(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 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” shall have the meaning ascribed to them as per
Companies Act of India.
6.0 Notwithstanding anything stated above, the Employer reserves the right to assess the
capabilities and capacity of the Bidder/ his collaborators / associates/ subsidiaries/ group
companies to perform the contract, should the circumstances warrant such assessment in
the overall interest of the Employer.
BID DOCUMENT NO.:
9900201758
2ND RAISING OF ASH DYKE-1 OF SIPAT STPS
SECTION-I (IFB)