Fire damaged Stock Material (Plastic & Paper packaging material), Building & Machinery Scrap

Specification

Item Id	812
Category	Fire damaged Stock Material (Plastic & Paper packaging material), Building & Machinery Scrap
Manufacture name	M/s Jagga Packaging Industries,
Model name	Fire damaged Stock Material (Plastic & Paper
Model number	2022
Production date	08-May-2022
Location	Dineshpur, Dineshpur, Uttaranchal
Market Maker	meenakshi@salvagemanagers.com
Sound Invoice Value	Rs. 65,00,000.00 / LOT
Quantity	1 LOT
Sound Invoice Lot Value	Rs. 65,00,000.00
Reserve Price	Rs. 4,00,000.00 / LOT
Reserve Price Lot Value	Rs. 4,00,000.00

Remaining Time

Ongoing Lot Bid	Rs. 0.00
Current Bid	Rs. 0.00 / LOT
Incremental Bid	/ LOT
Next Minimum Bid	/ LOT

Expired

Details

Fire damaged Packaging Material (Plastic Scrap- Approx. 45 MT, Paper Scrap – approx. 2.5 MT & Metal Scarp (Building & Machinery - Approx. 6 to 9 MT)

Disposal of the above material is being held on following special
conditions specific to this E-Auction:-

1. The
materials offered are damaged goods under insurance claim hence being offered
for sale on “As is Where is”, “Whatever there is” and “No complaint” basis. No
complaints whatsoever will be entertained after the bid is made. The bidder
is deemed to have inspected, examined reasonably and satisfied himself as to
all matters regarding condition, type, quality, and quantity. Rule of “Caveat
Emptor” applies strictly.

2. The
given quantity is tentative may vary as actual, auction is being conducted on
lot basis and buyers are requested to bid as per their physical inspection
& their own analysis. We held no guarantee regarding quantity or quality. The
H1 Buyer shall be bound to clear the entire lot as directed by the seller on a
clean sweep basis.

3. Basis
of sale: The sale of offered goods is Per Lot basis inclusive of applicable
GST/ taxes

4. Deposits
and Lifting: After depositing 100% advance payment within 3 Days, post
to 100% payment shall be allowed to clear the lot awarded to them. The seller
has indicated that the site can be cleared within a period of 7 to 10
working days from the date of receipt of delivery order by H1. Any delay in
doing the same, H1 shall be liable to pay ground rent for the salvage
quantity uplifted and yet remaining at site. The rates charged would be Rs.
1000 per MT per day.

5. Incidental
charges: All charges incidental to loading and lifting of material will be
borne by the H1 Buyer.

6. Dynamic
Time: The eAuction shall automatically extend by 05 MINUTES in case
someone enters a bid in the last one minute of the remaining time in closure of
auction. This shall continue indefinitely until no one bids in the last one
minute of the time remaining. Bids in dynamic time can be placed by 50% of
incremental bid value.

7. Participation
/ Facilitation Fee = Rs. 100 + GST

8. Information
on invoicing: GST Certificate, Pan Card , Cancelled Cheque

9. Information
on Taxes applicable: - 18%

10. Additional
information on usage of salvaged goods / Brand Clause etc:

11. Lifting
is to be made as per instructions given by the Seller. Room having
a smaller quantity of material is to be lifted first, (IF so instructed by the
Seller to MOA or E-Auctioneer or H1 in writing). The H1 Buyer shall not be
allowed to pick or choose or segregate any particular item out of the lot sold by
the seller at the time of delivery of the lot. The H1 Buyer shall be bound to
clear the entire lot as directed by the seller on a clean sweep basis.

12. Earnest
Money Deposit ( EMD) Information:

1.
EMD is
always 10% of the final bid amount. To facilitate participation of more buyers,
we (E-Auctioneer and MOA) may allow participation at a lower amount than
mandatory 10%. However H1 is required to complete EMD amount before lifting of
material.

2.
Interested buyers must pre-qualify
themselves for participation in the above auction, by paying a pre-bid amount /
EMD of 50,000 (Fifty Thousand) by mode of RTGS to the following account
along with this E-Auction form duly filled & signed.

Adwiti
Technocrats Pvt. Ltd

Account
no. 916020025588082, IFSC Code: UTIB0004770

Axis
Bank Limited. Sector- 27, Noida, U.P.

3.
The pre-bid / EMD and eAuction form to be
deposited in physical form or electronic form (NEFT + scanned form of EMD) to
the latest by previous day of e-Auction.

4.
The EMD will not attract any interest &
will be dealt with as per the procedure mentioned below:-

1.
Wherever EMD is held by us, we are responsible
for the return release. Seller or MOA has no role of EMD forfeiting/retention
for H3 & below. EMD of H1 & H2 is at discretion and instructions of the
seller and MOA.

2.
In case of unsuccessful bidders, (H3 &
Lower) EMD is refunded immediately after adjusting the facilitation fee, but
not later than 7-10 working days from the completion of the E-Auction process
subject to the terms and conditions mentioned herein and at the website. EMD
holder to ensure the compliance.

3.
EMD of the H2 bidder shall be normally retain
for 10 days from the date of approval of E-Auction. However please refer point
no. 8.4.1 above.

4.
If the H1 bidder fails to deposit minimum 50%
payment (apart from 10% EMD) of the final bid value, within 2 days after
he is declared H1 bidder, his EMD will be forfeited and H2
bidder will be upgraded to status of H1 and has to honour the deal at the H2
bid value with privileges and penalties of H1 bidder.

5.
The EMD of H1 bidder will be adjusted once
the complete payment is received by the seller and also complete material is
lifted by H1 bidder. Also adjustment will be done for fee and expenses
against EMD if the seller or MOA has not paid for the same.

Contact Salvage Manager about this items/lot.
Phone :	Meenakshi Gupta -9625137014
Email :	meenakshi@salvagemanagers.com