PRITIKA INDUSTRIES

Business Review as of August 31st , 2023

IPSCOM Confidential
CONTENT

 The Review PPT has been structured to understand the Business,

Performance and key points of discussion of Suppliers.

 The following is the arrangement of the slides:

PROJECT GROUP
- Project Background
- Flow Issue Fee Recovery & Balance Recovery
- Cycle Time Performance
- Pointers to discuss, asks from IPSCOM

IPSCOM Confidential 2
BRIEF BACKGROUND
 For Issue Fee Recovery & Balance Data, metrics by column are mentioned below:

 ASSET: RPK Description & Dimensions

 ROUTE: START & END locations of the Flow
 FLOWCODE: Project Code (where first 8-Alphabets represent T1 & OEM Names & location codes,
and the latter represent the part code of the RPK)

 DEPLOYED MONTH & YEAR: The month & year where the Project was commenced
 CONTRACT PERIOD: The number of months the project was agreed upon to continue / life of assets
 CONTRACT PERIOD PENDING: Number of months left for project to end since it first began
 % CONTRACT PERIOD PENDING: Number of months left for project to end divided by Agreement Period
 DEPLOYED QTY: Count of physical assets (RPKs) invested onto the project
 BUDGETED TRIPS PER MONTH: Number of trips / qty to be billed every month as per agreement

 BUDGETED TRIPS: Number of cycles to be billed over the contract period (Agreement period
multiplied by Budgeted Trips per month)
 BALANCE TRIPS : Number of cycles balance in the over-all contract (Budgeted Cycles minus Actual Cycles)
 ISSUE FEE DUE TO BE RECOVERED: Amount of balance recovery of the Investment Cost of the assets
 % ISSUE FEE DUE TO BE RECOVERED: Issue Fee Due to be Recovered divided by Budgeted Issue Fee Recovery

 MONTHS TO PROJECTED RECOVERY: Number of months it would take for the balance amount to be recovered by IPSCOM
based on last 6 months (L6M) consumption
(“9999” means there has been consumption since L6M)

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BRIEF BACKGROUND
 For Cycle Time Data, metrics by column are mentioned below:
 DEPLOYED QTY: Number of Assets (RPKs) invested onto the project
 TRIPS PER MONTH: Number of Trips (Cycles) the project was agreed upon

 TOTAL CYCLES: All the cycles (transactions) between the first and the last date of the months which include:
- All cycles collected at OEM (Completed)
- All open/incomplete cycles from the previous months
- Plus all cycles opened in the same month
 AGED CYCLES: Total Cycles after excluding the Open/Incomplete Cycles that are running within their
Budgeted Cycle Time (newly Issued Cycles)

 COMPLETED CYCLES: Cycles that are Collected at OEM physically

 % COMPLETED CYCLES: Completed Cycles divided by Aged Cycles
 AvgACT COMPLETED CYCLES: Average Actual Cycle Times for Cycles Collected at OEM

 INCOMPLETE CYCLES: Cycles that are not collected. Here, the date used to calculate is assumed as the last date of the month.
 % INCOMPLETE CYCLES: Incomplete Cycles divided by Aged Cycles
 AvgACT INCOMPLETE CYCLES: Average Actual Cycle Times for Cycles open/pending to be collected at OEM

 BUDGETED CYCLE TIME (in Days): Cycle Time (in Days) agreed for Assets to complete a cycle
 ActAVG WEIGHTED (in Days): Weighted Average of the Averages of the Cycle Times of Completed and Incomplete Cycles
 CYCLES EXCEEDING BGT CT: Count of Cycles where collection at OEM happened after the cycle exceeded Budgeted Cycle Time
 %CYCLES EXCEEDING BGT CT: Cycles Exceeding Budgeted Cycle Time divided by count of Completed Cycles

IPSCOM Confidential 4
UNRESOLVED ISSUES WITH PRITIKA
 ASHOK LEYLAND RS Pallet
- XYZ
 ESCORTS ECONODO
1. XYZ
2. XYZ
 TAFE ASSET
 BASE PALLET + LID
- XYZ
 FLC for all flows based on the last 6 months average cycle time calculation
- XYZ

IPSCOM Confidential 5
SUMMARY OF IPSCOM ASKS

 Firm timeline to be committed and adhered to by PRITIKA

 IPSCOM will hold all further capex for Pritika till the
above points are addressed in a satisfactory manner.

 IPSCOM will charge for excess day rentals above agreed

cycle times till the issues related to cycle time related
pricing are resolved.

IPSCOM Confidential 6
 PROJECT GROUP WISE REVIEW

INDEX

- Project Background by Asset

- Flow Recovery Summary
- Cycle Time Performance

IPSCOM Confidential 7
ASHOK LEYLAND

IPSCOM Confidential 8
ASHOK LEYLAND
 ECONODO PALLET (1480 x 940 x 780)
 Project Start Month : AUG-2021  Monthly Budgeted Revenue : 1,50,020/-
 Deployed Qty of Assets : 154  Route : UNA to
 Budgeted Trips per Month : 260 RUDRAPUR

FLOW RECOVERY SUMMARY

% Contract Balance Issue Fee % Balance Months to
Deployment Contract Deployed Trips per Budgeted
Flowcode Period Balance Trips Recovery Issue Fee Recovery based
Month Period Qty Month Trips
Pending (in lacs) Recovery on L6M Billing
PIUAALRDBRKLH01
Aug-21 60 60% 154 260 15,600 11,353 65.61 73% 56
PIUAALRDBRKRH01

CYCLE TIME PERFORMANCE

L6M Avg. Cycle % Completed AvgACT % Incomplete AvgACT Budget CT AvgACT Cycles Exceeding % Cycles
PART Time Total Cycles Aged Cycles Completed Cycles
Cycles Completed Cyc
Incomplete Cycles
Cycles Incomplete Cyc (in Days) Weighted BGT CT Exceeding BGT
(in Days) CT
LH 23 127 92 66 0% 16 26 0% 37 14 22 66 100%
RH 21 130 89 72 0% 14 17 0% 36 14 18 72 100%
22 257 181 138 76% 15 43 24% 37 14 20 138 100%

NOTES:
• L6M Average Billing is 202 units (78%) • ADD 3
• ADD 2 • ADD 4

IPSCOM Confidential 9
 ASHOK LEYLAND
 RS PALLET (1200 x 1000 x 150)
 Project Start Month : MAY-2022  Monthly Budgeted Revenue : 66,800/-
 Deployed Qty of Assets : 153  Route : MOHALI / UNA to
 Budgeted Trips per Month : 250 RUDRAPUR

FLOW RECOVERY SUMMARY

% Contract Balance Issue Fee % Balance Months to
Deployment Contract Deployed Trips per Budgeted
Flowcode Period Balance Trips Recovery Issue Fee Recovery based
Month Period Qty Month Trips
Pending (in lacs) Recovery on L6M Billing
PIMOALRDF1886522
May-22 60 75% 153 250 15,000 12,218 33.05 82% 64
PIUAALRDF1880122

CYCLE TIME PERFORMANCE

L6M Avg. Cycle % Completed AvgACT % Incomplete AvgACT Budget CT AvgACT % Cycles
Cycles Exceeding Exceeding
PART Total Cycles Aged Cycles Completed Cycles Incomplete Cycles Weighted BGT
Time Cycles Completed Cyc Cycles Incomplete Cyc (in Days) BGT CT
(in Days) CT
PIUAALRDF1880122 51 325 267 73 0% 60 194 0% 74 16 70 72 99%

NOTES:
• L6M Average Billing is 192 units (77%) • ADD 3
• No movement on MOHALI Flow • ADD 4

IPSCOM Confidential 10
ESCORTS

IPSCOM Confidential 11
ESCORTS
 RS PALLET (1200 x 1000 x 150)
 Project Start Month : NOV-2022  Monthly Budgeted Revenue : 77,616/-
 Deployed Qty of Assets : 195  Route : SIMBLI to
 Budgeted Trips per Month : 308 FARIDABAD

FLOW RECOVERY SUMMARY

% Contract Balance Issue Fee % Balance Months to
Deployment Contract Deployed Trips per Budgeted
Flowcode Period Balance Trips Recovery Issue Fee Recovery based
Month Period Qty Month Trips
Pending (in lacs) Recovery on L6M Billing
PESIESFBFASSI01 Nov-22 60 85% 195 308 18,480 17,526 44.17 95% 219

CYCLE TIME PERFORMANCE

L6M Avg. Cycle Total Cycles Aged Cycles Completed Cycles % Completed Cycles
AvgACT Completed Incomplete Cycles % Incomplete Cycles AvgACT Incomplete Budget CT AvgACT Weighted Cycles Exceeding % Cycles Exceeding
Time Cyc Cyc (in Days) (in Days) BGT CT BGT CT
26 164 164 90 0% 23 74 0% 51 15 36 90 100%

NOTES:
• L6M Average Billing is 80 units (26%) • ADD 3
• ADD 2 • ADD 4

IPSCOM Confidential 12
ESCORTS
 RS PALLET (1200 x 1000 x 150)
 Project Start Month : DEC-21  Monthly Budgeted Revenue : 82,908/-
 Deployed Qty of Assets : 283  Route : UNA to
 Budgeted Trips per Month : 588 FARIDABAD

FLOW RECOVERY SUMMARY

% Contract Balance Issue Fee % Balance Months to
Deployment Contract Deployed Trips per Budgeted
Flowcode Period Balance Trips Recovery Issue Fee Recovery based
Month Period Qty Month Trips
Pending (in lacs) Recovery on L6M Billing
PIUAESFBFASAX01 Dec-21 60 67% 283 588 35,280 34,528 48.68 98% 9999

NOTES:
• L6M Average Billing is 0 units • ADD 3
• ADD 2 • ADD 4

IPSCOM Confidential 13
ESCORTS
 RS PALLET (1200 x 1000 x 150)
 Project Start Month : JAN-22  Monthly Budgeted Revenue : 82,544/-
 Deployed Qty of Assets : 195  Route : MOHALI to
 Budgeted Trips per Month : 308 FARIDABAD

FLOW RECOVERY SUMMARY

% Contract Balance Issue Fee % Balance Months to
Deployment Contract Deployed Trips per Budgeted
Flowcode Period Balance Trips Recovery Issue Fee Recovery based
Month Period Qty Month Trips
Pending (in lacs) Recovery on L6M Billing
PIMOESFBFASSI01 Jan-22 60 68% 195 308 18,480 17,216 46.14 93% 492

CYCLE TIME PERFORMANCE

L6M Avg. Cycle Total Cycles Aged Cycles Completed Cycles % Completed Cycles
AvgACT Completed Incomplete Cycles % Incomplete Cycles AvgACT Incomplete Budget CT AvgACT Weighted Cycles Exceeding % Cycles Exceeding
Time Cyc Cyc (in Days) (in Days) BGT CT BGT CT
57 4 4 2 0% 46 2 0% 120 15 83 2 100%

NOTES:
• L6M Average Billing is 35 units (11%) • ADD 3
• ADD 2 • ADD 4

IPSCOM Confidential 14
TAFE

IPSCOM Confidential 15
 TAFE
 WOODEN / STL PALLET (1200 x 1000 x 175)
 Project Start Month : JUL-2018  Monthly Budgeted Revenue : 1,02,300/-
 Deployed Qty of Assets : 374  Route : UNA to
 Budgeted Trips per Month : 300 BANGALORE / MADURAI

FLOW RECOVERY SUMMARY

% Contract Balance Issue Fee % Balance Months to
Deployment Contract Deployed Trips per Budgeted
Flowcode Period Balance Trips Recovery Issue Fee Recovery based
Month Period Qty Month Trips
Pending (in lacs) Recovery on L6M Billing
PRUATABNAXHG01
Jul-18 60 0% 374 300 18,000 4,902 10.39 22% 19
PRUATABNSCAM02

CYCLE TIME PERFORMANCE

L6M Avg. Cycle % Completed AvgACT % Incomplete AvgACT Budget CT AvgACT % Cycles
Cycles Exceeding Exceeding
FLOWCODE Total Cycles Aged Cycles Completed Cycles Incomplete Cycles Weighted BGT
Time Cycles Completed Cyc Cycles Incomplete Cyc (in Days) BGT CT
(in Days) CT
PRUATABNAXHG01 333 125 125 0 0% 0 125 0% 403 40 403 0 0%
PRUATAMDAXHG01 311 17 17 0 0% 0 17 0% 388 40 388 0 0%
PRUATABNSCAM02 239 643 587 30 0% 99 557 0% 285 40 276 27 90%
PRUATAMDSCAM02 163 197 197 2 0% 234 195 0% 229 40 229 2 100%
262 982 926 32 3% 83 894 97% 326 40 324 29 91%

NOTES:
• L6M Average Billing is 258 units (84%) • ADD 3
• L6M Consumption Wooden Pallets + STL PLT [ 233 + 125 ] • ADD 4

IPSCOM Confidential 16
TAFE
 STEEL PALLET with LID (1200 x 1000 x 170)
 Project Start Month : SEP-2020  Monthly Budgeted Revenue : 82,740/-
 Deployed Qty of Assets : 525  Route : UNA to
 Budgeted Trips per Month : 394 BANGALORE / MADURAI

FLOW RECOVERY SUMMARY

% Contract Balance Issue Fee % Balance Months to
Deployment Contract Deployed Trips per Budgeted
Flowcode Period Balance Trips Recovery Issue Fee Recovery based
Month Period Qty Month Trips
Pending (in lacs) Recovery on L6M Billing
PRUATABNAXHG02 Sep-20 60 42% 525 394 23,640 20,789 43.66 88% 208

CYCLE TIME PERFORMANCE

L6M Avg. Cycle % Completed AvgACT % Incomplete AvgACT Budget CT AvgACT % Cycles
Cycles Exceeding Exceeding
FLOWCODE Total Cycles Aged Cycles Completed Cycles Incomplete Cycles Weighted BGT
Time Cycles Completed Cyc Cycles Incomplete Cyc (in Days) BGT CT
(in Days) CT
PRUATABNAXHG02 115 180 120 47 0% 64 73 0% 157 40 121 45 96%
PRUATAMDAXHG02 120 13 13 6 0% 132 7 0% 197 40 167 5 83%
118 193 133 53 40% 98 80 60% 177 40 144 50 94%

NOTES:
• L6M Average Billing is 100 units (25%) • ADD 3
• ADD 2 • ADD 4

IPSCOM Confidential 17
TAFE
 FLC (1230 x 1030 x 1050)
 Project Start Month : JUL-2018  Monthly Budgeted Revenue : 96,370/-
 Deployed Qty of Assets : 328  Route : UNA to
 Budgeted Trips per Month : 230 BANGALORE / MADURAI

FLOW RECOVERY SUMMARY

% Contract Balance Issue Fee % Balance Months to
Deployment Contract Deployed Trips per Budgeted
Flowcode Period Balance Trips Recovery Issue Fee Recovery based
Month Period Qty Month Trips
Pending (in lacs) Recovery on L6M Billing
PRUATABNBRHG01 Jul-18 60 0% 328 230 13,800 8,409 35.23 61% 81

CYCLE TIME PERFORMANCE

L6M Avg. Cycle % Completed AvgACT % Incomplete AvgACT Budget CT AvgACT % Cycles
Cycles Exceeding Exceeding
PART Total Cycles Aged Cycles Completed Cycles Incomplete Cycles Weighted BGT
Time Cycles Completed Cyc Cycles Incomplete Cyc (in Days) BGT CT
(in Days) CT
PRUATABNAXHG02 103 305 186 85 0% 51 101 0% 141 40 100 61 72%
PRUATAMDAXHG02 47 14 14 9 0% 48 5 0% 110 40 70 8 89%
75 319 200 94 47% 50 106 53% 126 40 85 69 73%

NOTES:
• L6M Average Billing is 104 units ( 45% ) • ADD 3
• ADD 2 • ADD 4

IPSCOM Confidential 18
TAFE
 FLC (1230 x 1030 x 1050)
 Project Start Month : AUG-2018  Monthly Budgeted Revenue : 23,478/-
 Deployed Qty of Assets : 92  Route : MOHALI to
 Budgeted Trips per Month : 78 BANGALORE / MADURAI

FLOW RECOVERY SUMMARY

% Contract Balance Issue Fee % Balance Months to
Deployment Contract Deployed Trips per Budgeted
Flowcode Period Balance Trips Recovery Issue Fee Recovery based
Month Period Qty Month Trips
Pending (in lacs) Recovery on L6M Billing
PIMOTABNBRHG01 Aug-18 60 68% 92 78 4,680 3,817 11.49 82% 9999

NOTES:
• L6M Average Billing is 0 units • ADD 3
• ADD 2 • ADD 4

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Thank-you
For more information & discussions please contact :
MR. MAGESH RAJAN
+91 74100 16618 | magesh.rajan@ipscom.in

MRS. DEEPTI V. SACHAN

+91 97600 95303 | deepti,sachan@ipscom.in

IPSCOM Confidential