Oil And Natural Gas Corporation Limited Tender

The financial eligibility criteria for the bidder to participate in this tender are as follows: 1. Net Worth: The bidder should have a positive Net Worth as on 31 March, 2024. The Net Worth shall be calculated as follows: - Net Worth = Paid-up share capital + Free reserves - Revaluation reserves - Intangible assets - Miscellaneous expenditure to the extent not written off and carry forward losses. - Paid-up share capital includes Paid-up equity share capital, Fully, compulsorily and mandatorily convertible preference shares, and Fully, compulsorily and mandatorily convertible debentures. 2. Profit Before Tax: The bidder should have earned profit before tax in at least 1 (one) financial year during the last 3 (three) financial years. 3. Annual Turnover: Although not explicitly mentioned as a requirement, the calculation of equivalent INR of annual turnover is mentioned in case data is provided by the bidder in foreign currency. 4. Net Cash Flow: Similar to annual turnover, the calculation of equivalent INR of net cash flow is mentioned for foreign currency conversions, but it's not specified as a standalone eligibility criterion. 5. Conversion Rates for Foreign Currency: For data provided in foreign currency, the equivalent INR will be calculated using the bills selling exchange rates (card rate) USD/INR of State Bank of India prevailing on the date of closing of accounts for the financial year. No specific values or percentages for turnover, revenue, or net profit are mentioned as eligibility criteria except for the requirement of positive Net Worth and profit before tax in at least one of the last three financial years.