Annual Turnover Criteria & Net worth

1. Minimum average annual turnover of bidder should be Rs. 10 lakhs during last three financial years
(i.e. 2019-20, 2020-21& 2021-22 supported by documentary proof/audited or CA certified statement
of accounts. (Furnish copies of audited balance sheets and profit & loss account statements).

2. If the bidder is a Micro or Small Enterprise as per latest definitions under MSME rules, the bidder
shall be exempted from the requirement of "Bidder Turnover" criteria and "Experience Criteria". If
the bidder is OEM of the offered products, it would also be exempted from the "OEM Average
Turnover" criteria. In case any bidder is seeking exemption from Turnover / Experience Criteria, the
supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the
buyer.

3. If the bidder is a Startup, the bidder shall be exempted from the requirement of "Bidder Turnover"
criteria and "Experience Criteria". If the bidder is OEM of the offered products, it would also be
exempted from the "OEM Average Turnover" criteria. In case any bidder is seeking exemption from
Turnover / Experience Criteria, the supporting documents to prove his eligibility for exemption must
be uploaded for evaluation by the buyer.

4. The minimum average annual financial turnover of the bidder during the last three years, ending on
31st March of the previous financial year, should be as indicated above in the bid document.
Documentary evidence in the form of certified Audited Balance Sheets of relevant periods or a
certificate from the Chartered Accountant / Cost Accountant indicating the turnover details for the
relevant period shall be uploaded with the bid. In case the date of constitution / incorporation of the
bidder is less than 3-year-old, the average turnover in respect of the completed financial years after
the date of constitution shall be taken into account for this criteria.

5. In case the bidder is not able to furnish its audited financial statements on standalone entity basis, the
unaudited unconsolidated financial statements of the bidder can be considered acceptable provided
the bidder furnishes the following further documents on substantiation of its qualification: • Copies
of the unaudited unconsolidated financial statements of the bidder along with copies of the audited
consolidated financial statements of the Holding Company.
• 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.
• In 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 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.
Note: (i) Other income shall not be considered for arriving at annual turnover.

6. NET WORTH: Net Worth of the OEM should be positive as per the last audited financial statement.
Evaluation Criteria: Marks for Annual turnover criteria is 10 & for positive net worth is 10.
Qualification marks is 20. In case any bidder is seeking exemption from Turnover Criteria, the
supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the
buyer. In case of turnover criteria for MSME/ Start-up Bidder with supporting documents 10 marks
will be given.
 Profile of Bidder: Annual Turnover & Net worth
(to be uploaded online)

(Amount in Lakh rupees)

SL No Fin YEAR Turnover Profit/Loss Net-worth

1 FY2019-20 NA

2 FY2020-21 NA

3 FY2021-22

AVERAGE

(Signature and Name of the authorized

person of the firm/bidder with office seal)

Name: _______________________________