NTPC Limited
( A Government of India Enterprise )
SSC (ER-II)
specifying the Scope of Work executed by the sub-contractor in support of qualifying requirements.
5.2 FINANCIAL CRITERIA:
5.2.1 The average annual turnover of the bidder in the preceding three (3) Financial Years as on the date of techno-
commercial bid opening shall not be less than Rs.575.85 Lakh ( Indian Rupees Five Crore Seventy Five Lakh
Eighty Five Thousand only) or in equivalent foreign currency.
5.2.2. The Net Worth of the bidder , as on the last day of preceding Financial Year , shall not be less than 100 % of its
paid up share capital.
In case the bidder meets the requirement of Net worth based on the strength of its subsidiary (ies) and / or Holding
Company and / or Subsidiaries of its Holding companies wherever applicable, the net worth of the bidder and its
subsidiary (ies) and / or Holding Company and / or Subsidiaries of its Holding companies, in combined manner
should not be less than 100% of their total paid up share capital. However, individually, their net worth should not
be less than 75% of their respective paid up share capital. For consortiums/ Joint ventures, wherever applicable,
the Net worth of all consortiums/ Joint venture members in combined manner should not be less than 100% of
their paid up share capital. However individually, their Net worth should not be less than 75% of their respective
paid up share capitals.
5.2.3 In case the bidder is not able to furnish its audited financial statement on standalone entity basis, the unaudited
unconsolidated financial statements of the bidder can be considered acceptable provided the bidder furnishes the
following further documents on substantiation of its qualification.
a) Copies of unaudited unconsolidated financial statement of the bidder along with copies of audited consolidated
financial statements of the Holding Company.
b) A certificate from the CEO/CFO of the Holding Company, as per format enclosed 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 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 clause 5.2.1 and/or clause 5.2.2 above on its
own, the Holding Company would be required to meet the stipulated turnover requirements at clause 5.2.1 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 w
ith 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.
5.2.6. 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