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Catalogue Serial No. : TSL/KLNR/AHB/MARCH/207/18-19, Rev-1February 28, 2019

Auction Catalogue Auction conducted by A H Bilimoria & Co.

SALE OF CAPITAL ITEMS OF TATA STEEL LIMITED, KALINGANAGAR,ODISHA “AS IS WHERE IS AND NO COMPLAINT BASIS”Catalogue Serial Number: TSL/TSK/AHB/MARCH/207/18-19, REV-1Materials : CAPITAL ITEMS–TSKSeller: Tata Steel Limited, Kalinganagar, Odisha.Auction website: www.ahbilimoria.comE-Auction Date & Time: 01st March, 2019 …………….. at 03.00 PMInspection Date & Time: 27th February, 2019:At 11.30 AM---------------- For inspection of materials the interested customers should report

at TATA STEEL LIMITED, KALINGANAGAR, ODISHA MAIN GATE BY 11.15 AMDate of Security Money Deposit 01st March, 2019 Till ……….. 01.30 PMContact Details:

For Post Auction @ A H Bilimoria & CompanyAuction Room 033-2229-4833/6577Inspection & Helpdesk Mr. A Dey-09831132642,Mr. Bimal Bhardwaj- 09431373386,Mr. Manik Paul –

09334722391.Money Receipts Mr. Y John – 09432368402Delivery Order Mr. A Mazumdar- 09883421336Sale Confirmation Letter Mr. A Das - 033-2229-4833 / 6577 / 2760, 30290771Refund Mr. S Paul - 033-2229-4833 / 6577 / 2760,Demand Note Mr. S Paul - 033-2229-4833 / 6577 / 2760,Disablement Mr. A Mazumdar- 09883421336,Security Deposit Mr. S Paul - 033-2229-4833 / 6577 / 2760,Customer Complaint Mr. A K Sil – 09830074122, Mr. D Pyne – 09830438481For any unresolved issues Email_ [email protected],[email protected] for unresolved issues Mr. A K Sil – 09830074122, Email : [email protected], [email protected],

[email protected]

For Commercial Issues @ Tata Steel Limited,Contact Person Mr. Surajit Sen, E-mail- [email protected]

For Delivery related issues @ Tata Steel Limited, Kalinganagar, Orissa:-Contact Person Mr. Saroj Kumar Pradhan,

[email protected], Contact-09040094926/06726606144Mr. Jayanta Sen, [email protected], Contact-07328849707

GPS Installation in Vehicles : GPS will be mandatory for each vehicle entering TSL Works with effect from 1st of 14

mailto:[email protected]





http://www.ahbilimoria.com/


September 2015, GPS will be installed by vendor E-Trans outside TSL Works gate with a nominal charges of Rs. 100 per vehicle.

A.MATERIAL DETAILS:Quantity offered is based on eye estimation. Delivery will be made for the estimated quantity or actual ground stock, whichever is lower.

Estimation error may arise. After inspection, no complaint of whatsoever nature on estimated /offered quantity shall be entertained under any circumstances. Bidders are advised to make their own judgement on offered quantity before bidding.

Customers are requested to generate individual gate pass by clicking on the following link http://203.197.123.30/vgps/Note: TSL reserves the right to track IP address, MAC number and relocation of bidding customers whenever customers participate in any auction on the A H Bilimoria& Co. auction platform for TATA Steel.

LIST OF MATERIALSSr. No.

Location Lot no Material Code Description Qty UOM GST TCS Loadin

g Lifting Contact Person Contact No.

1MRD

SALES YARD

AF/TSK/2202/1 150004251 Rej. Air filter in "As Where is

Condition” basis. 3 MT 18% 1%

Pls provide details

10 Working

Days from the D/O date

Mr.

Saroj Kumar

Pradhan

9040094926

2MRD

SALES YARD

RP/TSK/2202/1 150001890

Rej. Plastic in "As Where is Condition” basis. 8 MT 5% 1% Rs 239

PER MT

10 Working


Mr.

Saroj Kumar

Pradhan

9040094926

3Sale Yard IBMD TSK

GC/TSK/2202/1 150001912

REJ. & SCRAP GC SHEET Condemned in "As Where is Condition” basis. 50 MT 18

% 1% Rs 239 PER MT

15 Working


Mr.

Saroj Kumar

Pradhan

9040094926

4Sale Yard IBMD TSK

AC/TSK/2202/1 150001864

Rej & Scrap Aluminium Cable scrap in "As Where is Condition” basis. 45 MT 18

% 1% Rs 239 PER MT

10 Working


Mr.

Saroj Kumar

Pradhan

9040094926

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5Sale Yard IBMD TSK

RT/TSK/2202/1 150003643

Rejected Tyre in "As Where is Condition” basis. 8 MT 5% 1% Rs 239

PER MT

10 Working


Mr.

Saroj Kumar

Pradhan

9040094926

6MRD

SALES YARD

GB/TSK/2202/1

Material code not received

Rej. Grate bar in "As Where is Condition” basis. 20 MT 18

% 1% Rs 151 PER MT

10 Working


Mr.

Saroj Kumar

Pradhan

9040094926

7MRD

SALES YARD

CI/TSK/2201/1


Rej. CI Counter weight in "As Where is Condition” basis. 30 MT 18

% 1% Rs 239 PER MT

10 Working


Mr.

Saroj Kumar

Pradhan

9040094926

8MRD

SALES YARD

GW/TSK/2202/1 150004210 REJ. GRINDING WHEEL in "As

Where is Condition” basis. 7 MT 18% 1% Rs 239

PER MT

10 Working


Mr.

Saroj Kumar

Pradhan

9040094926

9

IBMD KLNR Sale Yard, TSK-

Odisha

BT/TSK/0712/1 140006830

Used & Rejected. Batteries different sizes in "As Where is Condition” basis. Entire materials to be lifted. ± 10% will not be applicable for lot closure.Valid PC & MOEF Certificate required.

6.5 MT 18% 1% Rs 239

PER MT

10 Working


Mr.

Saroj Kumar

Pradhan

9040094926

10


Odisha

LP/TSK/0103/1 140006553

Rej. & Scrap Lance pipein "As Where is Condition” basis. Material available at two locations.

120 MT 18% 1% Rs 239

PER MT

15 Working


Mr.

Saroj Kumar

Pradhan

9040094926

11


Odisha

SR/TSK/0103/1 150003693

Rej. Sling Rope (cut) in "As Where is Condition” basis. Entire materials to be lifted. ± 10% will not be applicable for lot closure.

60 MT 18% 1% Rs 239

PER MT

10 Working


Mr.

Saroj Kumar

Pradhan

9040094926

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12


Odisha

HI/TSK/2202/1


Rej. Hoop Iron in "As Where is Condition” basis. 15 MT 18

% 1% Rs 239 PER MT

10 Working


Mr.

Saroj Kumar

Pradhan

9040094926

13


Odisha

HI/TSK/2202/2


Rej. Hoop Iron TMT Mixed in "As Where is Condition” basis. 15 MT 18

% 1% Rs 239 PER MT

10 Working


Mr.

Saroj Kumar

Pradhan

9040094926

14


Odisha

RC/TSK/2202/1


Rej Conveyor Belt (Steel Cord) in "As Where is Condition” basis. Material will be delivered in bundle condition by company.

20 MT 18% 1% Rs 239

PER MT

10 Working


Mr.

Saroj Kumar

Pradhan

9040094926

Indicative Pictures:

AF/TSK/2202/1 RP/TSK/2202/1 GC/TSK/2202/1 AC/TSK/2202/1

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RT/TSK/2202/1 GB/TSK/2202/1 CI/TSK/2201/1 GW/TSK/2202/1

LP/TSK/0103/1 SR/TSK/0103/1 HI/TSK/2202/1 HI/TSK/2202/1

RC/TSK/2202/1 BT/TSK/0712/1 BT/TSK/0712/1 BT/TSK/0712/1

Special Instruction:-1. Loading to be given during day time from 08:00AM to 05:00PM by dept 2.Vehicle placement plan will be provided one day in advance.3. One customer representative is allowed for one DO.

SOP ON ISSUE OF TEMPORARY GATE PASSES FOR LIFTING OF SCRAP MATERIAL FROM KPO BY CUSTOMER:

Step Process Responsibility1 Customer Representative submits the Delivery Order Copy and Authorization letter to IBMD. Customer Representative

2On the basis of DO & Authorization letter, Customer representative will provide a request letter along with documents given below and a undertaking note for issue of temporary gate pass. Required Documents for safety training and issue of temporary gate pass (i) Any ID Proof. (Voter ID/Aadhar Card/Driving license) (ii) Passport size photograph.

Customer Representative

3 Verification and forward of documents through IBMD & Safety Department to safety training Safety Dept/IBMD/Customer Representative of 14


centre for safety training.4 Safety training & issue of safety training attendance form for gate pass. Customer Representative/Safety Department/ Safety

training Centre

5Submission of Safety training attendance form (Duly signed by the trainer),request letter (forwarded through Contract cell, Security Dept.& IBMD) and DO copy to Gate pass section for issuing Gate Pass.

Customer Representative

6 Issue of Temporary Gate Pass as per Delivery order period. Security Gate Pass Section

7In case further renew of gate pass is required, same can be done on the basis of DO Copy, safety training attendance form and customer request letter forwarded through IBMD/Contract cell/Security Dept.

Security Gate Pass Section/Customer Representative/IBMD/Contract cell.

B: Payment and Lifting Schedule:

Lot No.Payment Schedule

Lifting Schedule(working days from the next day of

DO release)EMD 1st installment 2nd installment 1st installment

lifting days2nd installment

lifting days

ALL LOTS02 Working days from Date of Lot

Confirmation03 Working Days From

Date of EMD

03 Working Days from the 1st Installment date

[Only Applicable if material value (Rate X Tonnage) crosses Rs. 10 Lakh]

10 Working days from the D/O date

10 Working days from the

D/O date

1. Suitable extension of due date for payment and lifting will be accorded in case of any eventualities like Strike/ Bandh/ Special restriction on vehicular movement imposed by the local Administration etc

2. Requirements of participation:2.1 Registration: Before participation in the e-Auction, a prospective bidder shall be required to get registered with A H Bilimoria& Co. For details visit

www.ahbilimoria.com2.2 Documentation: The following documents need to be submitted by the bidder interested in participating in the e-Auction to A H Bilimoria& Co. prior to the

date of the e-Auction. PAN Card, TIN No, Registration Form Letter of Interest duly signed and stamped by bidder. Each page of the Terms & Conditions to be signed and stamped by the buyer and to be submitted to A H Bilimoria& Co. Bidders are requested to submit copies of their SOI's before participating in the e Auction.

2.3 Security Deposit: Non-Interest bearing security deposit of Rs.50,000/- (Rupees Fifty Thousand only) in favor of “A H Bilimoria& Co.” payable at Kolkata/Jamshedpur.

2.4 Modes of Security Deposit: PO / DD / CHQ or through NEFT in favor of "A. H. BILIMORIA & COMPANY" to be deposited with HDFC Bank A/c. No. 06932560001205, IFSC Code: HDFC0000693, Branch name: 31, Chowringhee Road, Kolkata – 700016.

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3. Inspection Rules & Policy: All interested parties should reach at TATA STEEL LIMITED, KALINGANAGAR, ORISSA, MAIN GATE BY 11.15 A.M. (or as announced) on the date of

inspection. Only registered customers/bidders/representatives of firms shall be allowed for inspection of material, subject to fulfilling their safety requirement of the

steel works. Taking photographs of the material is strictly prohibited. Customers are advised to ensure that they inspect the materials on offer on the scheduled date as mentioned in the catalogue, before

Participating in the auction. It is retreated that all materials are offer / sold by Tata Steel on “AS-IS-WHERE-IS” and “NO-COMPLAINTS” basis,

and no complaint what so ever shall be entertained regarding the quality of materials after the sale. (All are required to bring safety Goggles, Safety Helmet & Safety Shoes. Without the safety equipment’s no one will be allowed to inspect

the material inside the works) “TATA Steel would not accept any claim from any customer for non-inspection of materials.”

Interested bidders have to come with safety shoes, safety jackets, and safety goggles & safety helmets at the time of inspection. All interested parties have to arrangefor their own safety shoes, safety jackets, safety helmets and safety goggles as per Tata Steel Limited, Kalinganagar, Orissa standards. No person will be allowed to enter the works without these. Compliance to Tata Steel Limited, Kalinganagar, Orissa, safety norms is a must. No complaints during lifting, in what-so-ever manner, will be entertained if customers fail to inspect the materials during scheduled inspection dates. No ''people movement'' shall be allowed within the danger zone, at the time of loading/delivery of materials from the yards. Tata Steel Limited, Kalinganagar, Orissa will not be responsible for any delays arising out of non-compliance to Tata Steel Limited, Kalinganagar, Orissa norms.

4. Bidding modalities: 4.1 Price Bid Basis: In Indian rupees as per unit of measurement as given in Material List. Price to be quoted is basic, ex- location exclusive of taxes (In case of

consignment agency sale price to be quoted ex location inclusive of taxes) and any other statutory levies4.2 Bid Increment : Rs.100/- ( Rupees Hundred only )/ (or as specified)4.3 Type of Auction: English No Ties 4.4 Bid Validity: Bid shall be valid for10 (Ten working days excluding Saturdays&Sundays and holidays) counted from the next day of auction process in case of

auction against a catalogue which is completed on the same day. And if it is continuing on any other day the counting of days for lot confirmation shall be from the next day of completion of entire auction process.

4.5 Bid duration: Lots open for bidding would be 10 minutes only. If, No bids received within these 10 minutes the lots are closed automatically.4.6 Auto Extension of the Auction Timings: In the event of bids in the last sixty (60) seconds of the scheduled bid time, the Bid Timings are automatically extended

for One hundred eighty (180) seconds from each such bid. Such Auto Extension shall continue until no bids are placed for sixty (60) seconds (Engine remains inactive for sixty (60) seconds. The Inactivity Time for Auto Extension purpose is normally “3” minutes. "Service Provider" however retains the right to change the “Inactivity Time” as well as “Extension Period”. The Inactivity Time applicable for the particular Online Bid shall be visible to the customers on the Bidding page.

5. Taxes & duties:5.1 GST : As applicable5.2 TCS : As applicableIn case of availing of concessional rate of TCS proper certificate issued by appropriate Income Tax authority are

to be issued in favour of the Principal Company along with payment. Self certification of Form no 27C is not acceptable. Form 27C will also have to be certified by appropriate Income tax authorities.

5.3 Any change in taxes and levies applicable at the time of lifting shall be applicable.

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6. Payment terms & conditions : 6.1 Payments:

PAYMENT FACILITY BY RTGS / NEFT ONLY Account no. [Sample: TATAHB followed by Party code] (Each individual customer will be provided with Account number to be provided by AHB) Beneficiary name: TATA STEEL LIMITED A H B Bank Name: HDFC BANK LTD. Branch Name: Sandoz Branch, Mumbai IFSC Code: HDFC0000240

6.2 EMD: 10% of the material value to be paid within 02 (Two) working days from the 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.

6.3 Balance Payment Time: (As per payment schedule)6.4 Delayed Payment Charges (DPC): Installment payments with DPC @ five (05) paise per Rs. 100/- per day will be accepted up to 4 (Four) working days from

due date of installment payment as mentioned in the confirmation letter. This is not applicable for EMD payment.6.5 Saturdays & Sundays are excluded for counting purpose for payment schedule.6.6 In the event of Non-Receipt of Payment within the stipulated period of Payment, the Sale Offer for the approved Lot shall stand withdrawn automatically.6.7 Buyers have to send the payment deposit slip (UTR No /Scan Copy of NEFT/RTGS Transaction Slip) against Lot No. immediately after the payment to AHB at

email id: [email protected].

7. Lifting terms & conditions: 7.1 DOs will be handed over to authorized representatives of bidders on receipt of payment. Lifting date is calculated from the next day of DO Release date.7.2 Loading Charges: Rs.150 per MT all locations7.3 Loading shall be given strictly as per the statutory norms & safety norms of Tata Steel Limited, Kalinganagar, Orissa7.4 Lifting with Ground Rent: Lifting along with ground rent will be allowed up to 4 (four) working days from the last date of lifting period. In case the lifting is not

complete, and no request is made by the customer within the period of four days, the company reserves the right to close the lot, and refund the balance to the party after deducting for any shortfall in lifting as per norms laid down in the catalogue. Ground Rent will be calculated on balance unlifted quantity @ 05 paise (inclusive of service tax) per Rs.100/- per day.

7.5 Additional lifting days for advance payment of installment - If the installment payment is made in advance, then additional lifting days (equivalent to the number of days payment made in advance) would be given. This would not be applicable for EMD payment.

7.6 PICK & CHOOSE NOT ALLOWED FOR ANY OF THE LOTS.MATERIALS TO BE LIFTED FROM ONE SIDE.

7.7 LOT TRANSFER WILL NOT BE ALLOWED & NO STOCK TRANSFER WILL BE DONE.

7.8 USE OF HYDRA CRANES BY CUSTOMERS IN ANY PREMISES/LOCATION /STOCKYARDS OF TATA STEEL LIMITED, KALINGANAGAR, ORISSAAND ITS VENDORS/CONSIGNMENT AGENTS' PREMISES IS BANNED.

8. Penalties:8.1 The following penalties shall be applicable in the eventuality of a buyer defaulting in making the payment of EMD (wherever applicable) or any installment/s,

as perthe stipulated schedule for each lot, in a financial year:

In the first instance, a penalty of Rs. 50,000/- (Rupees Fifty Thousand only) shall be recovered from the customer. In the second instance, a penalty of Rs.100,000/- (Rupees One Lakh only) shall be recovered from the customer.

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In the third, and any subsequent instance, a penalty of Rs.150,000/-(Rupees One Lakh Fifty thousand only) shall be recovered and the customer shall be debarred from participating in any auction for a period of three months from the date of debarment.

In the event of any default, the customer’s user id will be disabled and the customer will be blocked from participating in any auction of TSL with immediate effect.

The defaulting customer shall be allowed 06 (six)) working days to deposit the penalty as mentioned above. In case the penalty is not received within the stipulated period, the customer’s security deposit shall be forfeited, and the defaulting customer shall be debarred from participating in any auction of TSL.

8.2 If after making payment of EMD (wherever applicable), the installment payment/s are not made by the customer as per the stipulated schedule for each lot, the entire EMD amount against such lot shall be forfeited.

8.3 In case of non- lifting of full lot quantity after making full payment, a penalty equivalent to 20% of the material value for the un-lifted quantity against each lot shall be recovered from the customer.

8.4 Penalty for dishonor of cheques: In case of dishonor of a payment instrument deposited by a customer for any reason whatsoever, the following shall be recovered from the customer:-

Rs.1000/- (service tax inclusive) in form of Demand Draft towards bankers charges per instrument. Delayed payment charges @ 5 paise per Rs.100/- per day for the period of delay beyond the due date. Penalty @ 1% ( Inclusive of service tax) of the dishonored amount, subject to a maximum of Rs.25000/- ( Rupees Twenty Five Thousand Only) per

dishonored instrument In case of non- compliance by the bidder the penalties as given in clause no. 7.1 shall be applicable.

DEFAULTS WOULD BE COUNTED AGAINST TATA STEEL LIMITED, KALINGANAGAR, ORISSA AND NOT AGAINST A PARTICULAR AUCTIONEER

9. Lot Closure Norms :For Lot Closure, the tolerance would be ± 10% of the original quantity.However no tolerance is applicable for high value items with per ton realizable value of Rs. 50000 and more.

10. Complaints :Complaints, if any, with regard to any transaction shall have to be lodged by the buyer within three calendar months from the date of last invoice. No complaint shall be entertained thereafter, under any circumstances.

11. Jurisdiction :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.

12. General terms & conditions:12.1 Any dispute on condition of material shall not be entertained at any point after confirmation of lot.12.2 All materials are offered/sold on “As is whereBasis”and“No Complaint Basis is”.

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12.3 Payment and invoicing has to done in the name of the H1 bidder, subject to the prices being approved.12.4 Material purchased should be the only material being lifted from the designated location. Tata Steel Limited, Kalinganagar, Orissa 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/authorized representative will be permanently debarred and penal action against the buyer/ authorized representative as deemed fit shall be taken by Tata Steel Limited, Kalinganagar, Orissa..

12.5 If the safety compliance is not followed then Tata Steel Limited, Kalinganagar, Orissa can penalize the buyer/authorized representative as deemed fit.

12.6 These terms and conditions as stated above supersede the relevant terms & conditions that are given in Tata Steel Limited, Kalinganagar, Orissa General Terms and Conditions.

The terms & conditions not covered above will be as per Tata Steel Limited, Kalinganagar, Orissa Secondary General Terms and Conditions. Revised Standard Terms & Conditions For Tata Steel Limited, Kalinganagar, Orissa Industrial By-Products Management Division (IBMD)Auctionw.e.f. 1-April-05.

13. Photographs of lots are at best indicative only and do not necessarily reflect the actual condition of lots. All bidders are advised to physically inspect the offered lots before participating in the auctions. Tata Steel Limited, Kalinganagar, Orissa or AHB shall not be responsible or liable for any error of judgment or bids put by bidders acting on the basis of these photographs.

14. Documents for verification regarding entry of vehicles inside Tata Steel Limited, Kalinganagar, Orissa works :

A. Effective 15.06.2014, Eye Test certificate production is mandatory for all Truck Drivers. If the age of the driver is less than 45 years frequency of production of such certificate is once a year and if the age of the driver is more than 45 years the frequency of production of such certificate will be at an interval of every 6 months.

15. Compliance to safety norms15.1 Authorized persons (of the customer) involved in lifting of the materials will be allowed only with Personal Protective Equipments (PPE)

i.e.,Safety Shoes, Safety Helmet, Safety Goggles, Fluorescent Jacket and Hand Gloves. No "people movement" shall be allowed at the time of loading/delivery of materials fromthe yards" Tata Steel Limited, Kalinganagar, Orissa Steel Limited, Kalinganagar, Orissa will not be responsible for any delays arising out of Non- Compliance to the Safety Norms.

15.2 Documents for verification regarding entry of vehicles inside Tata Steel Limited, Kalinganagar, Orissa Steel Limited, Kalinganagar, Orissa works :All customers to note that presentation of following set of documents to TATA STEEL LIMITED, KALINGANAGAR, ORISSASTEEL LIMITED, KALINGANAGAR, ORISSA Authorities is COMPULSORY at the time of reporting of vehicles at TSL designated Gate for entry of Customer trucks/vehicles.a. Driving License of driver,b. Registration Card,c. Commercial Certificate,d. Fitness Certificate of Vehicle,e. Re-registration for vehicles older than 15 yearsf. InsuranceThe checklist form will be filled in at TSL designated Gate for entry of Customer trucks/vehicles before entry of vehicle.

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15.3 The drivers of the vehicle must have the eye test certificate. The frequency of the testing would be as below :1. If the age of the person is less than 45 years - Once in a year2. If the age of the person is 45 years or more, the testing is required to be done once in every 6 months

15.4 Requirements: a) Buzzer with Turning Indicator:- 1st June b) SUPD & RUPD:- With Immediate effect

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Sl No. Safety Parameters to be checked1 Three Piece Mirror( Truck, Trailer & Dumper)-Helper side2 Single Mirror- Driver side3 Rear View Mirror (Tata Steel Limited, Kalinganagar, OrissaAce, 207, Jeep

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etc.)4 Service Brake5 Parking Brake6 Seat Belt7 Head Light8 Parking Light9 Blinker

10 Horn11 Reverse Alarm 12 Wiper13 Windshield Glass14 Air Pressure Min. 7 Kg/Cm^215 Run Under Protection Guard as per TSL standard16 Side under Protection Guard as per TSL standard17 Tyre Condition (Tread Depth, Cut Mark etc.)18 Any Oil Leakage from the vehicle19 Physical condition of Dallah20 Availability of scotch block21 Buzzer with side indicator22 Driver's eye examination report

Legal Documents to be checked:Sl. No. Documents to be Checked

1 RC Book 2 Insurance3 Pollution4 Driving licence5 Fitness for more than 15 years old vehicle6 NOC for outside vehicles

16. SPECIAL TERMS AND CONDITIONS FOR INTERNET AUCTION

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BANDWIDTH PROBLEMS, CONNECTIVITY PROBLEMS WITH THE LOCAL ISP (INTERNET SERVICE PROVIDER), SLOWNESS TO ACCESS PAGES FOR DOWNLOADING ETC.ARE BEYOND THE CONTROL OF THE STEEL COMPANY AND A H BILIMORIA & COMPANY. HENCE NO RESPONSIBILITY LIES WITH THE STEEL COMPANY OR A H BILIMORIA & COMPANY FOR THE ABOVE PROBLEMS FACED, IF ANY, BY THE BIDDERS BEFORE/DURING THE AUCTION ANY BID PLACED USING THE BIDDER'S USERNAME AND PASSWORD IS UNCONDITIONALLY BINDING ON THE BIDDER TO WHOM SUCH USERNAME AND PASSWORD HAD BEEN ALLOTTED AND HE SHALL BE SOLELY RESPONSIBLE FOR MAINTAINING THE CONFIDENTIALITY OF THE SAME AND FULLY RESPONSIBLE FOR ALL ACTIVITIES THAT OCCUR UNDER THEIR USERNAME AND PASSWORD. HENCE THE USER IS ADVISED TO CHECK THE USERNAME AND PASSWORD BEFORE THE AUCTION IN ORDER TO FAMILIARISE HIMSELF WITH THE SAMEAND IS ADVISED NOT TO REVEAL IT TO ANYONE ELSE SO AS TO PREVENT MISUSE OF THE SAME. THE BIDS MADE BY THE BIDDERS AGAINST THEIR USERNAME AND PASSWORD SHALL BE IRREVOCABLE.THE BIDDERS ARE ADVISED TO REGISTER AND PRE-QUALIFY FOR BIDDING WELL IN ADVANCE AND PLACE THEIR BIDS EARLY INORDER TO TAKE CARE OF ANY UNFORESEEN TECHNICAL DIFFICULTY THAT MIGHT SURFACE IN THE INTERNET OPERATIONS.

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