Tenaga Nasional Berhad : Pre-Qualification Assessment for Contractor Related with Grid Project

The Tenderer shall fulfill the financial requirement as follows:

1) The total Shareholders' Fund = Share Capital + Share Premium + Retained Earnings - Amounts Owing from Shareholders (taken from the recent audited report and financial statement) of the tenderer for the last year shall be positive.

2) Paid up capital shall be as follows:

CIDB	PAID UP CAPITAL
G7	RM 750,000.00
G6	RM 500,000.00
G5	RM 250,000.00
G4	RM 150,000.00
G1-G3	RM 50,000.00

Acid Test Ratio shall be > 1.0 Calculation of Acid Test Ratio as follows:

Acid Test Ratio = ((Current Asset) - ([email protected])) / ((Liabilities))

If ATR is less than 1, the tenderer can still be considered if unutilized revolving credit facilities + average latest 3 months bank balance.

The total Net worth (Total Asset - Total Liability) of all partners, using the average value of latest 2 years of audited balance sheet
Altman Z score

For manufacturer participating in EPC tender shall be >1.23. The calculation as follows:

If ATR is less than 1, the tenderer can still be considered if unutilized revolving credit facilities + average latest 3 months bank balance.

4) The total Net worth (Total Asset - Total Liability) of all partners, using the average value of latest 2 years of audited balance sheet.

5) Altman Z score

For manufacturer participating in EPC tender shall be >1.23. The calculation as follows:

For non-manufacturer shall be > 1.1. The Calculation as follows:

The Tenderer shall fulfill all the criteria.

If Tenderer is joint venture partnership, the Shareholders Fund / Total Net worth and Paid Up Capital of all companies shall be included in the evaluation.