(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 financi
the Holding Company.
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 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)
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
Other income shall not be considered for arriving at annual turnover
(iii)
"Holding Company" and "Subsidiary" shall have the meaning ascri
Companies Act of India.
(iv)
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.
(v)
All financial figures mentioned above are exclusive of GST.
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.
VIII.
NTPC reserves the right to reject any or all bids or cancel/withdraw the NIT for the
subject package without assigning any reason whatsoever and in such case no
bidder/intending bidder shall have any claim arising out of such action.
IX.
The bidding document is available online
.
A complete set of Bidding Documents
may be downloaded by any interested Bidder from the NTPC tender website
https://eprocurentpc.nic.in. The Bidder would be required to register on the website.