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.
6.2.3 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 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 Report of the company.
6.2.4 In cases where audited results for the last preceding 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.
NOTES:
a. Other income shall not be considered for arriving at annual turnover.
b. “Holding Company" and “Subsidiary Company” shall have the meaning ascribed to
them as per Companies Act of India, in vogue.
7.0 Class-I local suppliers’/ ‘Class-I local suppliers and Class-II local suppliers’’ only
are eligible to participate in this tender, as defined in the bidding documents/ Public
Procurement (Preference to Make in India), Order 2017 and its subsequent
amendments/ revisions issued by DPIIT. The bidders may apprise themselves of the
relevant provisions of bidding documents in this regard before submission of their
bids."
OR
Bids from ‘Class-I local suppliers’ as defined in the bidding documents/ Public
Procurement (Preference to Make in India), Order 2017 and its subsequent
amendments/ revisions issued by DPIIT shall be eligible for purchase preference.
The bidders may apprise themselves of the relevant provisions of bidding
documents in this regard before submission of their bids."
8.0 Any ‘Bidder from a country which shares a land border with India’, as specified in the
Bidding Documents, will be eligible to bid in this tender only if bidder is registered
with the Competent Authority as mentioned in the Bidding Documents.
9.0 Benefits to MSE bidders are not applicable for this work. The bidders may
apprise themselves of the relevant provisions of bidding documents in this
regard before submission of their bids.