d. One Technology Licenser may tie up with multiple EPCs through separate Deed of Joint Undertaking.
e. If the bidder meets Technical Criteria as per Clause 1.2 above, it has to source the technology for which he is qualified. Further, in
case of award, if the bidder fails to complete the project, NTPC shall have the right to carry-out un-finished work through technology
provider or any other agency at the bidder#s risk and cost.
f. If the bidder meets Technical Criteria as per Clause 1.2 above, it shall be required to furnish copy of valid Technology License
agreement/agreement for right to use of technology along with its techno-commercial bid in support of its claim of meeting
requirement of QR which shall be valid for at-least four years from the bid opening date.
2.0 FINANCIAL CRITERIA
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, should not be less than INR 180 Million (Indian Rupees One Hundred Eighty Million only) or in equivalent foreign currency.
2.2 In case a 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 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.
2.3 Net worth should not be less than 100% (hundred percent) of the bidder#s paid up share capital as on the last day of the preceding
financial year. In case the Bidder does not meet 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.
2.4 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:
(i) Copies of the unaudited unconsolidated financial statements of the Bidder along with copies of the audited consolidated financial
statements of its Holding Company.
(ii) A Certificate from the CEO/CFO of the Holding Company, as per the format enclosed with the bidding documents, stating that the
unaudited unconsolidated financial statements form part of the consolidated financial statements of the Holding Company.
In cases 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 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 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.
Notes for Clause 2.0:
i) Net worth means the sum total of the paid up share capital and free reserves. Free reserves means all reserves credited out of the
profits and share premium account but do not include reserves credited out of the revaluation of the assets, write back of depreciation