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b) Construction of Pump House along with associated Piping and Electrical
Financial Criteria of Bidder
The average annual turnover of the Bidder, in the preceding three (3)
financial years as on the date of Techno-Commercial bid opening, shall not
be less than Rs. 495 Lakhs (Rupees Four Hundred and Ninety Five Lakhs
only).
Net worth of bidder shall not be less than 100% of the bidder’s paid up share
capital as on the last day of the preceding financial year. In case the Bidder
meets 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, 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% of
their total paid up share capital. However individually, their Net worth should
not be less than 75% of their respective paid up share capitals. For
Consortiums/Joint Ventures, wherever applicable, the Net worth of all
consortium/ Joint Venture members in combined manner should not be less
than 100% of their paid up share capital. However individually, their Net
worth should not be less than 75% 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)x100 where x1, x2, x3 are
individual net worth which shall not be less than 75% of the respective paid
up share capitals and y1, y2, y3 are individual paid up share capitals.
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 furnishes
the following further documents on substantiation of its qualification:
• 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 bid
documents stating that the unaudited
unconsolidated financial statements form part of the consolidated
annual report of the company.
In case where audited results for the last financial year as on the date of
Techno Commercial Bid Opening are not av
ailable, 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 result
s 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