Auction Catalogue Auction conducted by mjunction services ltd SALE OF SECONDARY PRODUCTS MATERIALS of TATA STEEL/EPA/CHENNAI POSH HYUNDAI

/ JULY - SEPT11 On Stock / Arising basis being sold on AS IS WHERE IS BASIS

Mandate Number: TS 112 44571 MT/ 10

Seller:
Auction website: e-Auction Date & Time: Inspection Date & Time: Contact Details: Mjunction Ltd: Auction Room Nos: Material Description: Material Location: Contact person for Inspection & Lifting Any Queries Contact Person for Confirmation Letter Contact Person-Payment & DO ----------- for Refunds ( if any) Customer Help-desk Number

Tata Steel Limited

auction.metaljunction.com 11th JULY 2011 at 02.00 PM (Postponed to 11th July11 from 8th July11) ARISING MATERIALS -------Any day prior to auction with appointment Debmalya Dey 09163348241

033 - 66031760-61, 033 - 66031763-72, 033 - 44091760-61, 033 - 44091763-72

As per Annexure List As per Annexure List Mr. Kumarvel ----044-27156059 / 60 Extn- 41 Mr. SATISH KR.SINHA (09282236613) Mr. SATISH KR.SINHA (09282236613) Sudipta Biswas (033- 44091804) Sudeshna Majumdar Regional Finance Manager -----MR. Johnson Joseph (09282236602)

033-44091801/ Email - fsc@mjunction.in

(Please contact this number / email for ALL COMPLAINTS / issues related to Confirmation, Payments, Delivery Orders, Lifting, Material availability issues & refunds. etc) Contact person at Mjunction Kolkata---------Mr. Rishad Chinoy ( 09831182929-----rishad.chinoy@mjunction.in ) Mjunction Jamshedpur---Mr. Anup Lal ( 09771475240----------anup.lal@mjunction.in )

For Any unresolved Issues

For Any unresolved Issues at Mjunction

Contact person at Tata Steel MR. SATISH KR.SINHA ------ (sksinha@tatasteel.com)

REQUIREMENTS for PARTICIPATION Registration Before participation in the e-Auction, a prospective bidder shall be required to get registered with mjunction services limited. For details visit www.auction.metaljunction.com

Documentation

The following documents need to be submitted by the bidder interested in participating in the e-Auction to Mjunction services limited prior to the date of the e-Auction. Statement of Interest duly signed and stamped by bidder Copy of CMS Pay In Slip duly receipted by HDFC ( for Security Deposit ) CMS Code : 0014030003583 Each page of the Terms & Conditions to be signed and stamped by the buyer and to be submitted to Mjunction Services Limited. Bidders are requested to submit notarized copies of their SOI's before participating in the e-Auction. Non Interest bearing security deposit of Rs.50000 (Rupees Fifty thousand only) in the form of DD / PO in favor of MJUNCTION SERVICES LIMITED Payable at Kolkata. In Indian rupees as per unit of Measurement as given in Material List. Price to be quoted is Basic Ex- location exclusive of excise duty, Sales tax and any other statutory levies . Excise duty, Sales tax and any other Statutory levies as applicable at the time of lifting would be charged in addition. * Any change in Excise duty, taxes and levies applicable at the time of payment/lifting will be applicable. ONLINE SEALED BID As per material annexure

Security Deposit: BIDDING MODALITIES Price Bid Basis:

Type of Auction: Minimum BID Quantity: AUCTION MODE:

The E-Auction would be only online sealed bid Online sealed bid tender would be conducted where in each bidder would be giving their best prices for the lot mentioned in Material Annexure. NOTE: TAXES & DUTIES VAT / Sales Tax CST Bidders are advised to quote their best price.

Excise Duty TCS PAYMENT TERMS Payments EMD EMD Amount:

Sales tax As Applicable For Interstate sales CST will be 2% against C form otherwise full CST will be charged .C form is to be deposited in advance with the respective EPA Sales Office. . Sales office in consultation with respective EPA Heads will be responsible for collecting C form . As Applicable As Applicable

All payments in form of demand draft ONLY, payable in favour of TATA STEEL LIMITED payable at Chennai. All payments are calculated from date of Lot Confirmation EMD payment is to be made within the time limit as given in Letter of Confirmation. No extension will be provided for the same. 10 % of Lot Value. EMD WILL BE ADJUSTED IN THE LAST INSTALLMENT.

EPA Sales office to ensure that EMD is not returned to the party , but adjusted only in the last

Payment with Interest: LIFTING TERMS Lifting: Loading Charges Lifting with Ground Rent:

installment . (for eg :--i.e. if auction is for Oct-Dec, it will be adjusted in last installment of Dec10) Installment payments with interest of 15 paise per Rs 100 per day will be accepted up to four (04) working days from due date as mentioned in the confirmation letter. This is not applicable for EMD payment
Lifting date is calculated from the next day of DO Release date. DOs will be handed over to authorized representatives of bidders on receipt of payment from the respective EPAs. AS APPLICABLE Lifting along with ground rent will be allowed up to four (04) working days from the last date of lifting period. Ground Rent will be calculated on balance Unlifted quantity @ 15 paise per Rs 100 per day.

Lot No.

PAYMENT SCHEDULE (from date of Lot Confirmation) 1st Installment EMD ( in working days) ( in working For days) July11 - Sept11 4 working days for July11 qty On the 7th for full qty of respective months of Aug11 & Sept11 4 working days for July11 qty th On the 7 for full qty of that months of Aug11 & Sept11

2nd installment ( in working days) for Aug11 - Sept11

LIFTING SCHEDULE (working days from the next day of DO release date) 2nd Installment Lifting 1st Installment Lifting Days for Days for July11 - Sept11 Aug11 - Sept11 Stock qty to be lifted within 4 days. Arising qty to be lifted by 30th or 31st of the respective months . Arising qty to be lifted by 30th or st 31 of the respective months .

CHN/PHI/0807/1

2 days

NA

NA

CHN/PHI/0807/2

2 days

NA

NA

EMD For all lots--- 10% of Lot Value. This will be adjusted in the last installment. (for eg:-i.e. if auction is for Oct- Dec, it will be adjusted in last installment of Dec10) Lifting Schedule Lifting schedule to follow as above or as per instructions received from TATA STEEL OFFICIALS / EPA Managers.

ADDITIONAL LIFTING DAYS FOR ADVANCE PAYMENT OF INSTALMENT. IF THE INSTALMENT PAYMENT IS MADE IN ADVANCE, THEN ADDITIONAL LIFTING DAYS (EQUAL TO THE NUMBER OF DAYS PAYMENT MADE IN ADVANCE) WOULD BE GIVEN.

***** THIS WOULD NOT BE APPLICABLE FOR EMD PAYMENT.

Forfeiture & Debarment for payment default as per stipulated schedule : The following penalties shall be applicable in the eventuality of a buyer defaulting in making the payment as per the stipulated schedule PER LOT.

1. In the first instance the Security Deposit of the customer shall be forfeited and the firm and the bidder & its sister concerns shall be debarred for three (03) months. 2. In the second instance the Security Deposit of the customer shall be forfeited and the firm and the bidder & its sister concerns shall be debarred for twelve (12) months. 3. In the third instance the Security Deposit of the customer shall be forfeited and the firm and the bidder & its sister concerns shall be debarred permanently. ********** All the past defaults shall be taken into account for this purpose.
Forfeiture & Debarment for Dishonour of Cheques: The following penalties shall be applicable in the eventuality of a payment instrument deposited by a customer being dishonoured. A financial penalty of Rs.1000 per instrument, interest at the stipulated rate for the number of days beyond due date when the payment is made into the CMS Account as well as 2% of the dishonored amount shall be charged from the customer. In case of non-compliance by the bidder, the penalties as given in Forfeiture & Debarment for payment default shall be applicable.

MATERIAL DETAILS
Lot No. Material Description Qty (+ / - 10% ) Arising of July - Sept 11. ED+ Cess extra VAT / CST Loading TCS Location

CHN/PHI/0807/1

winding (trimming) scrap (Stock 16mt + Arising - 29mt for July11) Arising for Aug11 Sept11 is 45mt / month

135 MT (Stock + Arising)

10%

4%

1%

SELF

PHI CHENNAI

CHN/PHI/0807/2

Sheet Scrap (Arising 8mt / month)

24 MT (Arising)

10%

4%

1%

SELF

PHI CHENNAI

NOTE:-

1. Claim (if any) of a lot should be provided in written (writing) to mjunction services limited within sixty (60) days from the date of refund of the lot. 2. If Tata Steel is not able to give the material within twenty four (24) working hours after the placement of vehicle then the buyer will have the option to take refund of the non lifted material.

THE TRANSPORTATION WILL BE DONE BY THE BUYER. BUYER TO FOLLOW THE STANDARD PROCEDURE OF MATERIAL DESPATCH AND ALL SAFETY NORMS OF TATA STEEL.

LOT TRANSFER IS NOT ALLOWED

MATERIAL PURCHASED SHOULD BE THE ONLY MATERIAL BEING LIFTED FROM THE DESIGNATED LOCATION. TATA STEEL HAS THE RIGHT TO CHECK ANY VEHICLE AT ANY MOMENT OF TIME. IF MATERIAL LIFTED DIFFERS FROM THE MATERIAL THAT IS PURCHASED BY THE BUYER, AND THEN THE BUYER WILL BE PERMANENTLY DEBARRED. ALSO TATA STEEL CAN TAKE ANY PENAL ACTION AGAINST THE BUYER. ALL THE MATERIAL LOADED IN THE VEHICLE IS TO BE COVERED IN ORDER TO FOLLOW THE SAFETY COMPLIANCE OF TATA STEEL WORKS. IF THE SAFETY COMPLIANCE IS NOT FOLLOWED THEN TATA STEEL CAN PENALIZE THE BUYER AS PER DEEM FIT. ANY DISPUTE ARISING OUT OF ANY CONTRACT SHALL BE DECIDED IN JAMSHEDPUR BY THE COURTS IN JAMSHEDPUR AND BY NO OTHER COURTS. THE COURTS IN JAMSHEDPUR SHALL HAVE EXCLUSIVE JURISDICTION TO ADJUDICATE UPON ANY SUCH DISPUTE. THESE TERMS AND CONDITIONS AS STATED ABOVE SUPERSEDE THE RELEVANT TERMS & CONDITIONS THAT ARE GIVEN IN TATA STEEL SECONDARY GENERAL TERMS AND CONDITIONS.THE TERMS & CONDITIONS NOT COVERED ABOVE WILL BE AS PER TATA STEEL s SECONDARY GENERAL TERMS AND CONDITIONS.

Revised Standard Terms & Conditions for Tata Steel Secondary Products Auction w.e.f. 1-Apr-11