7.0 Qualification Requirements for Bidders-
1.0 TECHNICAL CRITERIA: Bidder should have successfully executed the work of “Loading/ Unloading and
Transportation of Coal/ Ore/ Overburden/ Shale/ Earth/ Sand or any combination of above by mechanized
means” during preceding seven (07) years reckoned from the date of Techno - Commercial bid opening,
as per any of the following criteria:
I. Single executed order valuing not less than Rs. 70.86 Lakhs (INR Seventy Lakhs and Eighty-six Thousands only)
OR
II. Two executed orders each valuing not less than Rs. 44.29 Lakhs (INR Forty- four Lakhs and Twenty-nine
Thousands only)
OR
III. Three executed orders each valuing not less than Rs. 35.43 Lakhs (INR Thirty- five Lakhs and Forty-three
Thousands only)
Note:
The word “Executed” mentioned above means that the bidder should have achieved the criteria specified above within
the preceding seven (07) years period, even if the total contract is started earlier and/or is not completed/ closed.
2.0 FINANCIAL CRITERIA: The
Average annual turnover (AATO) of the bidder during preceding three (03) consecutive financial years prior to the date of
techno- commercial bid opening should not be less than Rs. 88.60 Lakhs (INR Eighty-eight Lakhs and Sixty
Thousands only)
3.1 In case a bidder does not satisfy the financial 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 requested 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 & irrevocable financial support for the execution of the Contract by
the Bidder in case of award.
3.2 In case the bidder is not able to furnish its audited financial statements on stand-alone 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 the Holding Company.
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 financial statements of the Holding
Company.
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
and surplus.
(ii) Other income shall not be considered for arriving at annual turnover figures.
(iii) “Holding Company” and “Subsidiary Company” shall have the meaning ascribed to them as per Companies
Act of India.
(iv) For Annual 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.
(v) Bidder must submit requisite credentials in support of having met the qualifying requirements, along with
the technical offer. Credentials may include: