the Holding Company. In such an event, the bidder would be required to furnish along
with its Techno-Commercial 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.
.
2.2 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. 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
practising Chartered Accountant shall be considered acceptable. In case, Bidder is not
able to submit the certificate from practising 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 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 practising Chartered Accountant certifying the financial parameters
is not available.
(i)
Other income shall not be considered for arriving at annual turnover.
(ii)
"Holding Company" and "Subsidiary" shall have the meaning ascribed to them as
per Companies Act of India.
(iii)
For Turnover indicated in foreign currency, the exchange rate as on seven (07)
days prior to the date of techno-commercial bid opening shall be used.
(iv)
All financial figures mentioned above are exclusive of GST.
VI. 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.
VII NTPC reserves the right to reject any or all bids or cancel/withdraw the NIT for the subject
package without assigning any reason whatsoever and in such case no bidder/intending
bidder shall have any claim arising out of such action.
VIII. The bidding document is available online. A complete set of Bidding Documents may be
downloaded by any interested Bidder from the NTPC tender website
https://eprocurentpc.nic.in. The Bidder would be required to register on the website.
First time users are required to register themselves on NTPC tender website
(https://eprocurentpc.nic.in) after filling up the required details. Users whose email
address has not been linked to a vendor code allotted by NTPC/ first time users not