Satluj Jal Vidyut Nigam Limited Tender

The financial eligibility criteria for bidders include: 1. Minimum Average Annual Turnover (MAAT): - Rs. 15,000 per kW - For example, for a bid of 100 kW, the MAAT requirement would be Rs. 15,00,000 - In case of a Consortium/Joint Venture, the MAAT requirement is computed in proportion to the shareholding pattern - For instance, if two companies form a Consortium/Joint Venture with a 70:30 shareholding ratio, the minimum MAAT requirement for the Lead Member (with 70% shareholding) would be Rs. 10,50,000 and for the other member (with 30% shareholding) would be Rs. 4,50,000 2. Shareholding Pattern: - The Lead Member must have a minimum shareholding of 51% - Other members must have a minimum shareholding of 20%, with the overall shareholding adding up to 100% 3. Annual Turnover Certificate: - In case the audited Annual accounts for FY: 2023-24 is not available, bidders shall submit Annual turnover certificate for FY: 2023-2024 from a practicing Chartered accountant/Statutory Auditor 4. Exclusion of Other Income: - “Other Income” as indicated in the annual accounts of the Bidder shall not be considered for arriving at the annual turnover 5. Affiliate's Financial Capability: - The Bidder may seek qualification on the basis of financial capability of its Affiliate(s) for the purpose of meeting the qualification requirements - In such cases, the Bidder shall be required to submit Board Resolutions from the respective Affiliate(s), undertaking to contribute the required equity funding and Performance Bank Guarantees/POI 6. Consolidated Annual Accounts: - For the purposes of meeting financial requirements, only latest unconsolidated audited annual accounts shall be used - However, audited consolidated annual accounts of the Bidder may be used for the purpose of financial requirements provided the Bidder has at least twenty six percent (26%) equity in each Company whose accounts are merged in the audited consolidated account 7. Minimum Average Annual Turnover (MAAT): - The Bidder shall demonstrate a Minimum Average Annual Turnover of Rs.15000/kW of the total quoted capacity during the three immediately preceding financial years ending on 31.03.2024. Clustered financial eligibility points: - Turnover: - Minimum Average Annual Turnover (MAAT): Rs. 15,000 per kW - Annual Turnover Certificate for FY: 2023-2024 - Shareholding Pattern: - The Lead Member must have a minimum shareholding of 51% - Other members must have a minimum shareholding of 20% - Equity: - The Bidder must have at least twenty six percent (26%) equity in each Company whose accounts are merged in the audited consolidated account - Other Financial Requirements: - Exclusion of Other Income - Affiliate's Financial Capability - Consolidated Annual Accounts