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A certificate from the CEO/CFO of the Holding Company as per the
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 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 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 Cl. 5.2.1 and/ or
Cl.5.2.2 above on its own, the holding company would be required to meet the
stipulated turnover requirements at Cl.5.2.1 above, provided that the net worth of
such holding company as on the last day of the preceding financial year is atleast
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 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.
(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.
(iii) “Holding Company” and “Subsidiary Company” shall have the
meaning ascribed to them as per Companies Act of India.
6 NTPC shall allow purchase preference, as indicated in the bidding documents, to
bids from local suppliers as defined in the bidding documents. The bidders may
apprise themselves of the relevant provisions of bidding documents in this regard
before submission of their bids.
7 NTPC reserves the right to reject any or all bids or cancel / withdraw the Invitation
for Bids without assigning any reason whatsoever and in such case no bidder /
intending bidder shall have any claim arising out of such action.
8 A complete set of Bidding Document may be downloaded by any interested Bidder
from https://eprocurentpc.nic.in/nicgep/app. Tender fee as mentioned above in the
form of a crossed account Payee demand draft in favor of NTPC Ltd., Payable at
Sipat is required to be submitted in separately sealed envelope at the address
mentioned in the bidding document before stipulated date & time of submission of
bid.