NTPC Limited
( A Government of India Enterprise )
SSC (ER-II)
(ii)
A certificate from the CEO/CFO of the Holding Company, as per format enclosed in the bid
documents, stating that the unaudited unconsolidated financial statements form part of the consolidated
A1mual
Report of the Company.
5.2.4 In case where audited results for the last financial year as on 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 Para/clause 5.2.1
and/or Para/clause
5.2.2
above on its
own
,
the Holding Company would be required to meet the stipulated turnover
requirements at Para/clause 5.2.1 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 Compan
y
,
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
.
5.2.6
N
ote
s:
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 incl
u
de reserves credited out
of the revaluation of the
assets
,
write back of depreciation provision and amalgamation.
F
urther
,
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)
"
H
oldin
g
com
p
any
"
and "subsidiary
company
"
shall have
the
meaning ascribed to them as per
companies act of India.
6.0
Notwithstanding anything stated above, the Employer reserves the right to assess the
capabilities and capacity of th
e Bidder/ his collaborators / associates/ subsidiaries/ group
companies to perform the contract, should the circumstances warrant such assessment in the
overall interest of the Employer. The physical assessment shall include but not be limited to the
asses
sment of office/facilities/banker's/reference workers by Employer. A negative
determination of such assessment of capacity and capabilities may result in rejection of the bid
7.0 NTPC reserves the right to reject any or all bids or cancel / withdraw the Invitation for
Bids/NIT without assigning any reason whatsoever and in such case no bidder / intending
bidder shall have any claim arising out of such action.
8.0 Issuance of bid documents to any Bidder shall not construe that such bidder is considered to be
qualified. Bids shall be submitted online and opened at the address given below in the
presence of Bidder’s representatives who choose to attend the bid opening.
9.0 Transfer of Bidding Documents purchased by one intending Bidder to another is not permissible.