NTPC LIMITED
(A Government of India Enterprise)
Western Region – I Shared Services Centre
PO Adityanagar, Kawas
Surat – 394516, Surat
NTPC/SSC-WR-I(Kawas)/9900190955 NIT Page 3 of 5
7.2 Financial Criteria:
7.2. I The average annual turnover of the bidder for the preceding three (03) completed financial years
as on date of bid opening shall not be less than INR 86 Lacs.
Notes for Cl. 7.2. I above:
a) ln 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 for the three consecutive financial
years preceding the last financial year shall be considered for evaluating the financial parameters.
b) In case the bidder does not satisfy the financial criteria, stipulated at Cl. 7.2.1 above on its own, it's
holding company would be required to meet the stipulated turnover requirements at Cl. 7.2.1
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 Techno-Commercial 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.
c) In case the bidder is not able to furnish its audited financial statements on stand-alone entity basis,
the unaudited unconsolidated financial statements of the bidder can be considered acceptable
provided the bidder further furnishes the following documents in substantiation of its qualification-
i) Copies of the unaudited unconsolidated financial statements of the bidder along with copies
of the audited consolidated financial statements of the Holding Company.
ii) 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.
d) In cases 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.
e) Other income shall not be considered for arriving at annual turnover.
f) "Holding company "shall have the meaning ascribed to it as per Companies Act of India.
#NTPC has right to assess the capability & capacity of the bidder for the above work.