Asha Rubber Ind._ Lot:5 : Stock of Bead Wire _7.190 MT

Specification

Item Id	1296
Category	Asha Rubber Ind._ Lot:5 : Stock of Bead Wire _7.190 MT
Manufacture name	Insured-M/s. Asha Rubber Industries,
Model name	Asha Rubber Ind._ Lot:5 : Stock of Bead Wire
Model number	2025
Production date	19-May-2025
Location	Colony Ropar, Ludhiana, Punjab
Market Maker	meenakshi@salvagemanagers.com
Sound Invoice Value	Rs. 4,50,000.00 / MT
Quantity	7.190 MT
Sound Invoice Lot Value	Rs. 32,35,500.00

Remaining Time

Ongoing Lot Bid

Rs. 71,900.00

Upcoming

Details

Salvage Material:

Fire damaged scrap/salvage of Building, Plant & Machinery, Electrical

Fittings/Wiring and Stock of Bead wire and Wheel Hub

(As per annexure Attached)

Lot No./ Item ID

Item Description

Weight/Qty Approx

Basis of Auction

Reserve Rate/ Value (in

Rs.) excluding GST

Reserve Rate

Reserve Value

Description of Goods

1292

Building scrap of Aluminium , MS & GI Sheets

71.7659 MT

(As per Annexure-1)

Per MT

Rs.

23,750.00

Salvage Quantity (as expected)

1293

Plant & Machinery

As per Annexure-2

Per

Lot/Lump sum

Rs.

47,500.00

1294

Electricals, Electric Wiring & Electric

Fittings

As per Annexure-3

Per Lot/Lump sum.

Rs.

2,500.00

1295

Stock of Wheel Hub

11.950 MT

(As per Annexure-4)

Per MT

Rs. 25,000

1296

Stock of Bead Wire

7.190 MT

Per MT

Rs.10,000.00

Note: The auction shall be conducted strictly on an “As Is, Where Is,” “Whatever There Is,” and

“No Complaint” basis. Annexures (detail List) is provided for reference. Interested bidders are

strongly advised to conduct their own independent due diligence and physically inspect the assets to

verify their condition, quantity, quality, and all other particulars before participating in the auction.

The buyer must independently verify all information and satisfy themselves prior to submitting their

bid. No claims, representations, objections, or complaints of any nature shall be entertained after the

conclusion of the auction under any circumstances. Submission of a bid shall be deemed as

confirmation that the bidder has inspected the assets and is fully satisfied in all respects.

Complete

Salvage Address for Inspection

M/s. Asha Rubber Industries, Udyog Nagar, Fazalpur,

Punjab

New Jalandhar,

Contact person

for inspection (Name, Number)

Mr. Hemant Kumar (Mob.9872181000)

Timetable:

Inspection

of the salvage

EMD

Deposit

e-Auction

Security Deposit

Balance Payment

Lifting

Date

Upto

13.04.2026

Upto

13.04.2026

14.04.2026

10% SD amount of

Total Value Fetched Within 24 Hours of confirmation/Approva l, this amount will
be adjusted during final loading

Balance payment to be completed within 48 hours.

Tim

10 AM TO

5 AM

Banking

Hours

From 3 PM

TO 5 PM

Note

With prior appointment

Check
banking days and
hours

05 Minutes of Dynamic Time applicable

Failure to comply
with the above

payment may result
in forfeiture of the EMD
Amount deposit and cancellation of the sale, without any further notice or liability.

Lifting will be allowed after 100% advance
payment only.

Within 10-

15 days

Commercials / TAXES / fee table:

EMD Amount	Rs. 2,00,000/-	To be deposited one day prior to e-Auction
e-Auction Facilitation Fee	Rs. 100/- plus GST	To be deposited one day prior to e-Auction
Security Deposit Amount	10% of the final bid value	To be deposited within 24 hours of “H1” declaration
Taxes	As applicable (18% GST)	@ 18% on Services / Fee

Bank Details
for EMD DEPOSIT:

Account Name	Adwiti Technocrats Pvt. Ltd.
Bank Name	Axis Bank Limited
IFSC Code	UTIB0004770
Bank Address	Sector- 27, Noida, U.P.
Account Type	Current
Account Number	916020025588082