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220.127.116.11 In case the Collaborator(s) / Associate(s) is not able to furnish its audited financial
statements on standalone entity basis, the unaudited unconsolidated financial
statements of the Collaborator(s) / Associate(s) can be considered acceptable provided
the Collaborator(s) / Associate(s) furnishes the following further documents on
substantiation of its qualification:
(i) Copies of the unaudited unconsolidated financial statements of the Collaborator(s) /
Associate(s) along with copies of the audited consolidated financial statements of the
Holding Company of Collaborator(s) / Associate(s).
(ii) A Certificate from the CEO / CFO of the Holding Company, as per the format enclosed
with the bidding documents, stating that the unaudited unconsolidated financial
statements form part of the consolidated financial statements of the Holding Company
of Collaborator / Associate.
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, Collaborator / Associate
is not able to submit the Certificate from a 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.
18.104.22.168 Financial Criteria for the Holding Company (in case of Bidder participating
The Holding company should meet the financial criteria as given in clause 22.214.171.124 for
(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.
(ii) Other income shall not be considered for arriving at annual turnover.
(iii) "Holding Company" and "Subsidiary Company" shall have the meaning ascribed to them
as per Companies Act of India.
(iv) For annual Turnover indicated in foreign currency, the exchange rate as on seven (7)
days prior to the date of Techno-Commercial bid opening shall be used.
7.0 NVVN reserves the right to reject any or all Bids or cancel / withdraw the Invitation for
Bids‟ without assigning any reason whatsoever and in such case no Bidder / intending
Bidder shall have any claim arising out of such action.
8.0 A complete set of Bidding Documents may be downloaded from
https://eprocurentpc.nic.in by any interested Bidder. Cost of Bidding Document (₹
22,500 or $500), in the form of A/C PAYEE DEMAND DRAFT/Bankers Cheque/Pay order
in favour of NVVN LIMITED, payable at NEW DELHI, as mentioned above is required to be
submitted in a separately sealed envelope at the address mentioned in the biding
document, before the stipulated date & time of submission of bid.