Section-I Notice Inviting Tender Page 6 of 7
applicable,thenetworthofthebidderanditssubsidiary(ies)and/orHolding
Companyand/orSubsidiariesofitsHoldingcompanies,incombinedmannershould
notbelessthan100%oftheirtotalpaidupsharecapital.However,individually,their
networthshouldnotbe
lessthan75%oftheirrespectivepaidupsharecapital.For
consortiums/Jointventures,whereverapplicable,theNetworthofallconsortiums/
Jointventuremembersincombinedmannershouldnotbelessthan100%oftheir
paidupsharecapital.Howeverindividually,theirNetworthshouldnotbelessthan
75%oftheirrespectivepaidupsharecapitals.
Networthincombinedmannershallbecalculatedasfollows:
NetWorth(combined)=(X1+X2+X3)/(Y1+Y2+Y3)X100%
WhereX1,X2,X3areindividualNetWorthswhichshouldnotbelessthan75%ofthe
respectivepaidofsharecapitalsandY1,Y2,Y3areindividualpaidupsharecapitals.
5.2.3 Incasethebidderisnotabletofurnishitsauditedfinancialstatementonstandalone
entitybasis,theunauditedunconsolidatedfinancialstatementsofthebiddercanbe
consideredacceptableprovidedthebidderfurnishesthefollowingfurther
documentsonsubstantiationofitsqualification.
a)Copiesofunauditedunconsolidatedfinancialstatementof
thebidderalongwith
copiesofauditedconsolidatedfinancialstatementsoftheHoldingCompany.
b)AcertificatefromtheCEO/CFOoftheHoldingCompany,asperformatenclosedin
thebiddocuments,statingthattheunauditedunconsolidatedfinancialstatements
formpartoftheconsolidatedAnnualReportoftheCompany.
5.2.4 IncasewhereauditedresultsforthelastfinancialyearasondateofTechno
commercialbidopeningarenotavailable,thefinancialresultscertifiedbya
practicingCharteredAccountantshallbeconsideredacceptable.Incase,bidderis
notabletosubmitthecertificatefrompracticingCharteredAccountantcertifyingits
financialparameters,theauditedresultsofthreeconsecutivefinancialyears
precedingthelastfinancialyearshallbeconsideredforevaluatingthefinancial
parameters.
Further,acertificatewouldberequiredfromtheCEO/CFOaspertheformat
enclosedinthebiddingdocumentsstatingthatthefinancialresultsofthecompany
are
underauditasonthedateofTechnoCommercialbidopeningandthecertificate
fromthepracticingCharteredAccountantcertifyingthefinancialparametersisnot
available
5.2.5 Incaseabidderdoesnotsatisfythefinancialcriteria,stipulatedatPara/clause5.2.1
and/orPara/clause5.2.2aboveonitsown,theHoldingCompanywouldberequired
tomeetthestipulatedturnoverrequirementsatPara/clause5.2.1above,provided
thatthenetworthofsuchHoldingCompanyasonthelast
dayofthepreceding
financialyearisatleastequaltoormorethanthepaidupsharecapitalofthe
HoldingCompany.Insuchanevent,thebidderwouldberequiredtofurnishalong
withitsbid,aLetterofUndertakingfromtheHoldingCompany,supportedbyBoard
Resolution,
aspertheformatenclosedinthebiddocuments,pledgingunconditional
andirrevocablefinancialsupportfortheexecutionoftheContractbythebidderin
caseofaward.