
INTEGRATED SECURITY SYSTEM PACKAGE
FOR
NTPC BONGAIGAON, GADARWARA, KHARGONE, MOUDA & SOLAPUR
CS-0011-412 (2A)-9
Page 3 of 5
6.2.0 Financial criteria:
6.2.1 The average annual turnover of the bidder, in the preceding three (3) financial years as on the
date of opening of bid, should not be less than ₹ 120 Crores (Indian Rupees One Twenty Crores).
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 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.
6.2.2 The Net Worth of the bidder as on the last day of the preceding financial year should not be less
than 100% (hundred percent) of its paid-up share capital. In case the Bidder does not satisfy 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 companies
wherever applicable. In such a 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 worth should not be less than 75% (seventy five percent) of their respective
paid-up share capitals.
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.
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:
(a) Copies of the unaudited unconsolidated financial statements of the bidder along with copies of
the audited consolidated financial statements of its Holding Company.
(b) A Certificate from the CEO/CFO of the Holding Company, as per the format enclosed in the
bidding documents, stating that the unaudited unconsolidated financial statements form part of
the consolidated annual financial statements of the Holding Company.
6.2.3 In case where audited results for the last financial year as on the date of 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 a practicing Chartered
Accountant certifying its financial parameters, the audited results for the 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 bid opening and the Certificate from the practicing Chartered Accountant
certifying the financial parameters is not available.
NOTES:
a) While computing the turnover other income shall not be considered.