Tender Sale
By Murray & Co., Under instructions from
M/s. Modular
Auto Limited, B-5, South Phase, Industrial
Estate, Ambattur, Chennai-600 058. Tender
No.D354/09/T007 Due on 18-03-2010 by 5:00 p.m. At TERMS AND CONDITIONS
1.
The
tender sale is conducted by Murray & Co., under instructions from M/s. Modular Auto Ltd, B-5, South Phase, Industrial Estate, Ambattur,
Chennai – 600 058 hereinafter referred
to as the COMPANY. 2.
Prospective
tenderers should inspect the materials before tendering, since no complaint
regarding the quality, description, quantity, etc. will be entertained once
the tender is submitted. Inspection can be had on 16,
17-03-2010 from 9a.m. to 4p.m at M/s. Modular Auto Ltd, B-5, South Phase,
Industrial Estate, Ambattur, Chennai – 600 058. The COMPANY reserves
the right to amend the list of materials in any manner, at their discretion,
prior to the due time of tender. Amendments, if any, will be notified at the
time of inspection. 3.
Offers
are to be submitted only in the prescribed tender form, which will be
available at the time of inspection. Offers should be submitted per unit
mentioned in the tender form, exclusive of all duties, taxes and levies. The tender form should be complete in all
respects. The PAN number, Excise Registration and Sales Tax Registration
numbers should be indicated clearly in the spaces provided. Incomplete tender
forms are liable to be rejected. 4.
If
the tenderer is eligible for exemption from TCS, self declaration in the
prescribed form should be attached to the tender. Non-production of the
declaration will result in levy of TCS as prescribed under the Act. 5.
Last
date of receipt of tender is 18-03-2010
by 5:00 p.m at Murray & Co., 164, New No. 340, 6.
Invoices
will be raised by the COMPANY only on the name of the tenderer as written in
the tender form. Under no circumstances will requests for raising invoices in
favour of parties other than the tenderer be considered. 7.
Tender
should be accompanied by a Tender Deposit of 25% of the value, by way
of Demand Draft favouring Murray & Co., payable at Chennai. TENDER
DEPOSIT BY WAY OF CASH WILL NOT BE ACCEPTED. Tenders without deposit are liable to be
rejected. 8.
All
offers are subject to acceptance by the COMPANY. The COMPANY reserves the
right to accept or reject any or all tender offers without assigning any reasons.
The COMPANY also reserves the right to negotiate with the tenderers for
increased offers for any or all the lots, if the offers received are not to
their expectations. 9.
Normally,
decision on acceptance or otherwise of the offers would be taken by the
COMPANY within 7 days from the due date. The tenderers shall keep
their offers open for a period of 15 days from the due date and shall not
withdraw the same. If any tenderer chooses to withdraw his offer within the
time mentioned, the tender deposit shall stand forfeited to the COMPANY. 10.
Tenderers,
whose offers are accepted by the COMPANY, shall be the purchasers. Upon
acceptance of any of the offers, the COMPANY, will at its discretion
apportion the tender deposit as Earnest Money Deposit (EMD) for the lots
allotted to the purchaser, up to the full value of the lot. 11.
Acceptance
of the offer(s) will be communicated to the purchasers, to the address given
in the tender form. It is however the responsibility of the tenderers to
ascertain if their offer(s) have been accepted by the COMPANY. Non-receipt of
intimation shall not be an excuse for delayed payment. 12.
The
purchaser shall within 4 days from the date of acceptance of the
offer(s), arrange to pay the value together with all duties, taxes &
levies, for the materials at Murray & Co., by way of Demand Draft payable
at Chennai, favouring Murray & Co., 13.
If
the purchaser fails to remit the amounts as detailed in clause above, the
COMPANY may at its discretion, permit the purchaser to remit the amounts for
an extended period, subject to payment of penal interest at the rate of 1% on
the sale value per day of default, in addition to the amounts detailed above.
14.
The
materials paid for as per the clauses above should be removed from the
factory premises at the purchaser’s own cost within 4 days from the
date of acceptance of the offers. The purchasers should fix up the time for
delivery with the COMPANY/ AUCTIONEERS atleast a day prior to the proposed
date of delivery. 15.
The
purchaser shall make his own arrangements for labour and loading equipments
for taking delivery of the materials and the COMPANY shall not be obliged to
provide the same to the purchaser. 16.
If
the purchaser fails to clear the materials as stipulated in clause above, the
COMPANY may at its discretion, permit the purchaser to an extended period for
clearance, subject to payment of ground rent at the rate of 1% on the sale
value per day of default. 17.
Failure
on the part of the purchaser to pay for and/ or remove the materials as
provided in the clauses above, will result in the forfeiture of the Earnest
Money Deposit/ amounts paid, to the COMPANY. In the event of such forfeiture,
the COMPANY may dispose of the materials in any manner they may choose to, at
the risk and expense of the defaulting purchaser, without any notice to
them. The defaulting purchaser will be
liable for the loss, if any, incurred from such resale but they shall not be
entitled to profits, if any from such re-sale. 18.
The
COMPANY will not be liable for any accident or injury to any of the purchaser’s
workmen or transporters while in the COMPANY premises. 19.
The
purchaser, his workmen and transporters shall observe the rules and
regulations of the COMPANY in regard to entry or exit from the COMPANY,
safety, etc. The purchaser shall provide all personal protective and safety
equipments to the labourers engaged by him and shall not be entitled to claim
the same from the COMPANY. The driver
of the vehicle should have a valid license and the vehicle should have a
valid PU certificate which has to be shown at the time of entering the
factory premises. 20.
The
materials shall be deemed to be sold by the COMPANY and purchased by the
purchaser under the contract once the purchaser pays for the same to Murray
& Co. Materials, once sold to the purchaser under this contract, shall
lie in the COMPANY’s premises at the risk of the purchaser and the COMPANY
shall not be liable for any damage or loss for any reason whatsoever. 21.
The
purchaser will be held liable for damages or loss caused to the COMPANY’s
building, property, materials or men by the purchasers’ workmen’s or
transporters whether directly or indirectly. 22.
The
decision of the COMPANY will be final and binding in all matters. LIST OF MATERIALS OFFERED FOR SALE
Amendments, additions, deletions if any
to the list will be announced at the time of inspection.
MURRAY & CO., Govt. Auctioneers & Estate Agents 340 (Old No 164) Thambu Chetty Street Chennai – 600 001 Phone : 25345201 / 25345202 Fax No + 91-44-25359083 E-Mail : enquiry@murrays.in Web Site: www.murrays.in |