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.
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.
2.2
I
n 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