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Frequently asked questions


Registration & Profile Management

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a. In order to register with metaljunction, login to our website www.metaljunction.com, and click on the register link at the top right hand corner of the homepage.

b. A page will open up, click on the request, “I have registration code as “No” to procced for fresh registration.

c.  Fill in your basic contact details, your organization name, type & your location details. Based on your Location details, our Customer Contact Officer (CCO) for that location will contact you.

d. CCO will then capture your deeper interests for registering like materials you are interested in, Clients & location & approve the details

e. Basis CCO’s approval a registration Code will be generated, using which you will have to fill in your online registration form along with requisite documents.

f. On duly filling up your registration form & submitting your requisite documents (duly signed & stamped), your registration request will come to metaljunction registration desk for verification

g. On successful verification & approval of the details and submission of buyer registration fee if applicable, you will be registered to metaljuction.

Please Note:- Buyers already registered with metaljunction need not follow the above mentioned process.

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Metaljunction has dedicated field resources, available in almost all the major steel consuming centres called, Customer Contact Officer or CCO.

CCOs are your support officers to help you understand both about metaljunction & Clients, products offered & lot more. They are the one who is available to help you resolve your queries as and when required.

Their contact details will be available inside your login after registration.


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On verification of your deeper interests for registering like materials you are interested in, Clients & location by the CCO, your Registration Code will be generated.

Registration code is a secured code using which you can fill in your important information like your bank details, PAN, GST & generate your SOI.

Please Note: - Generation of Registration code is a part of New Registration Process & is not required by buyers who are already registered with us.


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If you already have received your registration code then follow the steps as mentioned:

a. Login to our website www.metaljunction.com, and click on the register link at the top right hand corner of the homepage,

b. A page will open click on the request, “I have registration code as “Yes” to procced,

c. Fill in your information like PAN, GST, Banking information with the help of which you will be able to transact with metaljunction,

d. Download the SOI, take a print out of the SOI,

e. Accompany your SOI, with all the supporting documents with respect to your organization type duly signed & stamped,

f. Mail the soft copies to the respective CCO and courier the hardcopies to our registration desk at our head office.

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To refer the details of the documents to be submitted you must refer the Page Number Two (2) of your SOI. Below mentioned is a snapshot of your document type:

Sl.no.

Details

Organization Type

Document List

Registration

1

Organization Name, Type,PAN & GST

Sole Proprietorship / HUF(Hindu Undivided Family)

Self-Attested Copy of Proprietor's PAN Card

Yes

Self-Attested copy of GSTIN

Yes

If special field in GST details is modified , then supporting document for it is required

Yes

Address Proof-Self Attested copy-(Trade Licence /Voters ID /Driving Licence /Passport/Aadhar Card)

Yes

Proprietor's Signature Verification from Bank

Yes

Partnership Firm/Limited Liability Partnership

Self-Attested Copy of PAN Card of firm

Yes

Self-Attested copy of GSTIN

Yes

If special field in GST details is modified , then supporting document for it is required

Yes

Self-Attested Copy of all Partners PAN Card

Yes

All Partners Signature Verification from Bank

Yes

Self-Attested copy of Partnership Deed

Yes

Private Limited Company/ Public Limited Company

Self-Attested Pan Card copy of Company

Yes

Self-Attested copy of GSTIN

Yes

If special field in GST details is modified , then supporting document for it is required

Yes

Self-Attested Copy of Certificate of Incorporation

Yes

Self-Attested Copy of Board resolution / Power of attorney stating who is authorized signatory for Company

Yes

2

Address Details (Country, State, City)

 

Soft copy of request letter from the buyer in their letter head in respect of changes to be made

Yes

Self-Attested copy of GSTIN

Yes

All our registrations are subjected to your SOI & all other requisite documents submission by you and verification & approval from metal registration team members

A

No, for a single line of business and with the given combination of your PAN and GST you can have only one registration. If you have two different line of businesses i.e. either Sole Proprietorship & Partnership or any other line of businesses with different PAN and GST, then you can have multiple registration basis your line of businesses.

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No, registration is a one-time activity. After successful registration you can use your login credentials to participate in multiple Online Auctions of metaljunction after fulfilling the required T&C of the catalog.


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User Id & Password are confidential keys for Log In to metal system, maintaining the security of this is your responsibility.

User Id & Password are system driven keys that will flow to your email id for your information & knowledge. This combination uniquely identifies you as a user in metaljunction system. All your transactions with metaljunction will require these credentials mandatorily.


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For new buyers on successful registration with metaljunction, system generated user id and password will be communicated to your email id through a system generated mail.

Please note security & confidentiality of your login credentials is very important and is your responsibility, do not share your password with any one. MJ or the Cient will not be liable for misuse of the same if any. You must change your password after your first login to proceed further.

Existing buyers have to go through the “forget password route”, to get their password.

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Your password must be of minimum 8 characters long. It must contain at least one uppercase, one lowercase characters, at least 2 and maximum 3 numeric characters. It must not contain characters like (=,-).

Example of a password is: - Xyz@123.

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In case you forget your password you can get a new password through OTP (One Time Password) facility, which will be send to both your Registered Mobile Number & Email Id given by you at the time of registration.

OTP once received will expire after 5minutes, so make sure you use your OTP within 5 minutes of receipt.

Please Note: - Any change in your Registered Mobile Number & Email Id must be brought in notice to our central registration team.

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To get an OTP to create a new password, follow the mentioned steps:

a. Visit our website www.metaljunction.com,

b. In the login page look for the option “Forgot Password/ Reset through”, “OTP/Registered Email Id”,

c. Using any of the link & following the steps mentioned in the link, you can create a new password for yourself through OTP.


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No, for security purpose Multi Login/Simultaneous login is restricted with same user id. The moment the second person logs in simultaneously with the same user id , the first person will be logged out.

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To change your Password follow the steps mentioned below:

a. Login to www.metaljunction.com using your login credentials,

b. Accept the “User Declaration form”,

c. Go to the option “Welcome”, available at the top right hand side of your screen,

d. Click on the sub – option, “Change Password”, you will be landed to your Change Password Page,

e. Follow the steps mentioned in the page to successfully change/reset your password.

Please Note: - It is recommended by system to change your password every night days.

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Profile is a page/menu which metaljunction has exclusively given to buyers inside their Login where their entire details are captured, like:

> Basic Information – Organization Name, PAN , GST, buyer’s Client SAP Code, CCO Name & Contact Number etc.,

> Address – Address details registered with us

> Login Details – Login Name, Email Id

> Contact Details – Mobile, Landline Number

> Banking Information – Virtual Account Number (VAN) & details related to the same

For any discrepancy in your details you can self - modify the same.

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To view your profile you must follow the below mentioned steps:

a. Login to www.metaljunction.com using your login credentials,

b. Accept the “User Declaration form”,

c. Go to the option “Welcome”, available at the top right hand side of your screen,

d. Click on the sub – option, “Profile”, you will be landed to your profile page & will be able to view your Profile.

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You can yourself change/update your profile details with the help of the online self – profile modification feature.

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To enable seamless & easy modification of your profile information/details on your own, the feature of Self – Profile Modification has been introduced by metaljunction.

 

The key highlights of this feature are:

> Enables modification of Profile details like Contact Details – Mobile Number, Email Id, Organization Details – Organization Name, Organization Type, Address and PAN & GST Details,

> To ensure security in modification, all request are OTP based,

> Only after entering the OTP received on your registered mobile number & email id any modification will enabled,

> Contact Details information can be modified through OTP only,

> For other all modifications like Organization Name, Organization Type etc., requisite documents have to be uploaded online & these modification request needs to be verified and approved by metal admin team,

> After modification duly stamped & signed hard copies of the supporting documents should be couriered to metaljunction registered office for their verification.

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To refer the details of self – profile modification you must follow the steps below:

a. Login to www.metaljunction.com using your login credentials,

b. Accept the “User Declaration form”,

c. Go to the tab “Training”,

d. Click on the option, “Self - Profile Modification” under the section Training Manual,

e. Detailed steps of Modification will be demonstrated to you with the help of a video.

Auction Information & Attachment

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Basis your Client & Material interest given by you at the time of registration you will receive SMS & Mail alerts about the upcoming auction on your registered Mobile Number & Email Id.

You can know also look for the upcoming auctions by visiting our website www.metaljunction.com, & looking for upcoming auctions in the middle section login page. Or you can refer the auction catalog to know details of auction schedule.

You are suggested to keep a note of the emails send (if any) from our end prior to the auction, during the auction and after the auction.

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Make sure you have not activated DND (do not disturb) facility for your registered mobile number for receipt of metaljunction communications

You are suggested to keep your mailbox free. You must also check the Spam Folder of your mail box & reassign metaljunction mails to your Inbox.

If still you face difficulty you can contact your CCO/Registration Team. (Contact details of registration team: Manish /Bhabani: - +91 33 66106150 +91 33 66106178)

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To download the auction catalog, follow the below mentioned steps:

 

a. Visit our website http://www.metaljunction.com,

b. Click on the link "Login",

c. Scroll down & look for Today’s Auction & Upcoming auction tabs,

d. Click on the hyperlink of the "catalog name" which you want to download,

e. Click on the option "Download Catalog" to download & view the catalog.

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Connectivity Related Requisites:

>   Having good internet connectivity is mandatory for participation in auction.

>   The preferable browser which supports the auction engine are: Internet Explorer 6.0 or higher and Firefox.

Registration Related Requisites:

>   You have to get yourself registered with metaljunction/valuejunction for auction particiaption

>   After registering with metaljunction/valuejunction ensure that you have also registered with the Client in whose auction you intend to bid and received your Client Code.

>   Filling up the profile page with information require at the Client’s end is essential to ensure smooth participation during auction.

Legal Requisites:

>   Price once submitted in any auction shall be legally binding on you. You are advised to exercise due diligence while placing bids. Failure to honour the bids placed during online bid shall render penal action on you as deemed fit.

>   Participation in the auction process presumes complete awareness and understanding of the bidding rules. Hence ensure that you have received necessary training before participation in auction.

>   While it shall be the endeavor of MJ to specify the rules at the earliest for each online bid, the Service Provider shall have the right to delay the announcement of these bidding rules or modify rules specified earlier at the time of the online Bid.

·>   You must be aware of the auction rule before participation by giving your consent for the process awareness before auction participation.

Client Specific Requisites:

>   For participating in auctions of Steel Authority of India SAIL- Acceptance in-toto to "SAIL-FA1 (General Terms & Conditions of Sale from Plants/Units of SAIL for sale through Online Auction/Forward Auction (FA)"; "General Rules and Regulations governing conduct of Online Forward Auction" and Special Terms and Conditions for Sale of Materials of the respective Plant/Unit, is a pre-requisite for securing participation in the online auction.

Auction Duration Requisites:

>   The duration of auction may vary from the pre-specified period of time either on account of termination of the auction by MJ or on the advice of the Client, in situation like:

o   Where it is felt that running of the auction proceedings is prejudicial to the smooth conduct and / or the integrity of the auction process.

>   The auction duration may also increase from specified period due to Auto time Extension during the Auction.

 

Always call the auction room numbers in case you need any assistance. All the auction help line numbers are displayed in our login page.
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As per T&C of the catalog & wherever applicable, it is mandatory to deposit pre - bid security for participating in any auction. This pre - bid security deposit also known as EMD (Earnest Money Deposit)/SD (Security Deposit).

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You can know the details of amount of the pre - bid security by referring to the auction catalog for each auctions.

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To participate in auctions, follow the below mentioned steps:

 

a. Submit your Pre – Bid Security Deposit for the catalog & LOI wherever applicable,

b. Login to www.metaljunction.com using your login credentials,

c. Accept the “User Declaration form”,

d. Self- Attach yourself to the auction / Wait for attachment from metaljunction,

e. In case of self – attachment select the EMD rule of your choice & lots in which you wish to participate,

f. Click on the option, “I desire to undergo Training”,

g. Take Online Self-Training before start of every auction & give your consent for the same,

h. Accept the T&C of the each catalog.

Please Note: - Once a bid is submitted the bid becomes legal binding on you. So, it is important that you are conversant with the Training Process to avoid any wrong bidding.

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“LOI” also known as “Letter of Interest”, is a Client document where requisite information for auction participation are filled up, duly signed & stamped and are forwarded to the concerned admin.

It has to be submitted prior to the auction and at the time of submission of pre – bid security deposit for the auction.

Please note: All the details linked to LOI, like: whether LOI is applicable or not, format of LOI and the last date for submission of LOI are clearly mentioned in the catalog.

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Online Training is a feature using which you can become conversant with the auction/bidding rule of the catalog before participating in the online auction for the catalog.

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To Train yourself for the auction rule, follow the below mentioned steps:

 

a. Login to www.metaljunction.com using your login credentials,

b. Accept the “User Declaration form”,

c. Self- Attach yourself to the auction / Wait for attachment from metaljunction,

d. In case of self – attachment select the EMD rule of your choice & lots in which you wish to participate,

e. Click on the option, “ I desire to undergo Training”,

f. Take Online Self-Training before start of every auction & give your consent for the same,

g. Accept the T&C of the catalog to continue.

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Debarment is completely a Client’s decision activity. It happens, if you fail to meet the payment/lifting Terms & Conditions for the Client/ product category as mentioned in the catalog or follow any unethical practices. You will continue to remain debarred till Client confirms your future participation.

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Self – attachment to the auction is a process where buyers have the flexibility to attach themselves to the desired auction catalog prior to the start of the auction or during the run time of auction with the help of their Online EMD fund, wherever applicable.

Please Note: - In case of last minute revision of the catalog by the Client, buyers those who have already attached themselves prior to the start of the auction, will be automatically detached from the said auction. In such cases buyers will have to re – attach themselves for participation.

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Your Self attachment can fail in the below mentioned scenarios:

> In case you have insufficient balance in your free pool/Client Pool,

> You have sufficient balance but you have applied for refund & your refund is in WIP process stage,

> You are debarred from the said client/ product category auction or you have not meet all the T&C applicable for the catalog.

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Yes, In case of wrong attachment to One Time EMD Auctions (Lot/Group/Catalog wise auctions) you can detach yourself from the attached auction catalog before the start of the catalog in which you are already attached.

EMD Management

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EMD (Earnest Money Deposit) amount varies according to the client & the auction. It also varies with the EMD rule basis which you want to participate in the auction. You must refer the catalog to know about EMD value.

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Online EMD (Earnest Money Deposit) is the money deposited to your (VAN) virtual account number and used for participating in online auctions through self – attachment process.

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VAN (Virtual Account Number) is buyer specific online account number in which they can deposit/transfer their EMD amount.

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Please follow below steps to view your VAN:

 

a. Login to www.metaljunction.com, using your login credentials,

b. Accept the “User Declaration form”,

c. Go to the option “Welcome”, available at the top right hand side of your screen,

d. Click on the sub – option, “Profile”, you will be landed to your profile page,

e. You will be able to see your VAN under the heading, “Banking Information for Transferring EMD”.

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To know the credit status of money deposited, please follow the below mentioned steps:

 

a. Login to www.metaljunction.com, using your login credentials,

b. Accept the “User Declaration form”,

c. Click on the tab, “General”,

d. Click on menu, “View Ledger”,

e. Click on the option, “Free Pool” ,

f. Select the date range for which you want to view your ledger,

g. Click on Search,

h. You will be able to view your Credit details.

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Online Ledger is an account record of all your EMD related transactions with metaljunction. It contains information related to your EMD deposition & EMD allocation by you.

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To view your online ledger, please follow the below mentioned steps:

a. Login to www.metaljunction.com, using your login credentials,

b. Accept the “User Declaration form”,

c. Click on the tab, “General”,

d. Click on menu, “View Ledger”,

e. Select the desired Pool (Free Pool, Blocked against auction Pool etc.,) to view the transaction details with respect to the said pool.

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Metaljunction does not involve in any cash/cheque related transactions. All the Transactions has to be directed through your registered Bank Account only, with the help of NEFT/RTGS modes of payment.

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Free Pool is a pool, where you can view status of your money deposited by you in your virtual account after it is credited to your account. To participate in an auction you can allocate money from this pool to any auction where EMD is in the name of MJ.

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EMD amount allocated by you for Catalogue‐wise/Group‐wise/Lot wise auctions can be viewed in this pool after self‐ attachment. If you are H1 then you cannot reuse this money in any fresh auction till such time results of the previous auction where you had allocated the money is declared.

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Client Specific EMD Pool is a pool where all the Permanent EMD given by buyer in the name of MJ/Client can be viewed.

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Refund Pool is Pool wherein your Refund application amount from Client Specific Pool will move to this Pool. In case of non-clearance from Client/non-forfeiture you can re–initiate refund from this pool to bank or transfer the amount to your free pool.

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There are 4 types of EMD:

> Permanent EMD (P‐EMD)

> Catalogue‐Wise EMD (C‐EMD)

> Group‐Wise EMD (G‐EMD)

> Lot‐Wise EMD (L‐EMD)

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a. Permanent EMD is an EMD which is permanent in nature for particular Client/Client – Category.

b. With one Permanent EMD you will be able to participate in ‘n’ number of auctions of the said Client/Client‐Category, till the time the money is available with Client/Mj and your participation is not restricted (all the T&C are met).

c. If you have given Permanent EMD in the name of Client then you will automatically get attached to that particular Client/Client Category auction, however you have to accept the Terms & Conditions of the catalogue.

d. In case of catalogue revision you again have to accept the Terms & Conditions of the catalogue.

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a. Catalogue‐wise EMD means an EMD which is given for the whole catalogue of an auction. This EMD is specific to a particular auction. The EMD amount cannot be reutilized till such time the auction results of all your H1 lots are declared.

b. Every time you give Catalogue‐wise EMD, you have to self‐attach yourself to the auction.

c. In case of catalogue revision you have to reattach yourself to the revised catalogue.

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a. Group‐wise EMD means an EMD which you are giving for a particular group and it is auction specific. Your EMD will be blocked till such time the auction results of all your H1 lots of that particular group is declared.

b. Every time you give Group‐wise EMD, you have to self‐attach yourself to the auction.

c. In case of catalogue revision you have to reattach yourself to the revised catalogue.

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a. Lot‐wise EMD means an EMD which you are giving for a particular lot and it is auction specific. Your EMD will be blocked till such time the auction result of that particular lot is declared.

b. Every time you give Lot‐wise EMD, you have to self‐attach yourself to the auction.

c. If catalogue is been revised after your Self‐attachment then you need to reattach yourself again to the interested Lot/s

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EMD treatment of Catalogue – Wise EMD can lead to below mentioned scenarios:

a. I am H1 in a lot:

EMD will be blocked and cannot be utilized if you are H1 even in one lot of that particular auction catalogue, till such time the auction results of all your H1 lots are declared.

b. I am H1 and my lot has been approved:

Catalogue‐wise EMD paid will be blocked and will be treated as per the Terms & Conditions in the catalogue.

c. I am Not‐H1:

Your EMD will be released and the money will get credited to Free Pool after the closure of the catalogue, which you can re‐utilize that EMD in any auction where EMD is in the name of MJ.

d. I am H1 but my lot has not been approved:

Your EMD will be released and the money will get credited to Free Pool after the declaration of the auction results, which can be utilized in any auction where EMD is in the name of MJ.

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EMD treatment of Group – Wise EMD can lead to below mentioned scenarios:

a. I am H1 in a lot:

EMD will be blocked and cannot be utilized if you are H1 even in any one lot of the particular group, till such time the auction results of all your H1 lots of that particular group where you have given the EMD is declared.

b. I am H1 and my lot has been approved:

Group‐wise EMD paid will be blocked and will be treated as per the Terms & Conditions in the catalogue.

c. I am Not‐H1:

Your EMD will be released and the money will get credited to Free Pool after the closure of the catalogue, which you can re‐utilize in any auction where EMD is in the name of MJ.

d. I am H1 but my lot has not been approved:

Your EMD will be released and the money will get credited to Free Pool after the declaration of results of that particular group, which can be utilized in any auction where EMD is in the name of MJ.

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EMD treatment of Lot – Wise EMD can lead to below mentioned scenarios:

a. I am H1 in a lot:

EMD will be blocked and cannot be utilized if you are H1 in that particular lot, till such time the auction result of that H1 lot is declared.

b. I am H1 and my lot has been approved:

Lot‐wise EMD paid will be blocked and will be treated as per the Terms & Conditions in the catalogue.

c. I am Not‐H1:

Your EMD will be released and the money will get credited to Free Pool after the closure of the catalogue, which you can re‐utilize in any auction where EMD is in the name of MJ.

d. I am H1 but my lot has not been approved:

Your EMD will be released and the money will get credited to Free Pool after the declaration of the lot result, which can be utilized in any auction where EMD is in the name of MJ.

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To know the types of EMD available for a particular catalogue, please follow the below mentioned steps:

a. Login to www.metaljunction.com, using your login credentials,

b. Accept the “User Declaration form”,

c. Click on “Self‐Attachment”,

d. You will be able to view all the catalogues,

e. Select the catalogue in which you are interested to participate,

f. Click on Continue,

g. You will be able to view the EMD types applicable for that selected catalogue.

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The process of taking refund of your EMD deposited to your VAN virtual account number to your registered bank account is called EMD Refund.

Refund can be applied for three types of EMD:

a. EMD available in your Free Pool,

b. Client Specific EMD Pool (Permanent EMD in the name of MJ),

c. Refund Pool (Refund Pool is a Pool where your Refund initiated from Client Specific Pool moves to this Pool).

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> For any Refund application your Bank Details must be updated with metaljunction (Please refer Bank Details Add/Modify Training Manual),

> Updation of bank details means it has to be approved by metal admin,

> Some other Requisites are:

o For successful refund to your Bank account, your blocked amount should not hold any liability (i.e., failure of material payment/failure in material lifting etc.,)

o Your applied EMD refund should not be more than your current balance,

>o In case of H1, you cannot apply for MJ Permanent EMD refund which is subjected to approval/rejection.

A

To know the Process of Online EMD Refund Application, please follow the below mentioned steps:

a. Login to www.metaljunction.com, using your login credentials,

b. Accept the “User Declaration form”,

c. Click on “General” -> “EMD Refund”,

d. Select the EMD Pool for which you want to take refund for i.e., “Free Pool”/”Client Specific”/”Refund Pool”,

e. Confirm your Bank Account details for taking refund or

f. Click on Transfer to Free Pool (option applicable for Client Specific & Refund pool – by this feature your EMD can be transferred to free pool & used in other auctions),

g. Select the Check box & click on “Apply Refund”,

h. Enter the Refund amount (applicable in case of free pool only, for other pools i.e. Client Specific & Refund Pool you cannot apply for partial EMD Refund but have to apply refund for the entire amount),

i. Cite the reason for Refund,

j. On Successful Refund Application you will see success message on your screen with Refund Request reference number for future tracking.

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Yes. With the help of the option, “Transfer to Free Pool”, available inside your login, under the tab General -> EMD Refund, you can either refund your Client Specific EMD (Permanent EMD in the name of MJ) or you can transfer to free pool.

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Yes, you can submit new EMD with the help of Bank transfer (NEFT/RTGS) to your VAN (Virtual Account Number) and use it for participating in Client auctions when your refund request is in pending stage.

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No, you cannot use the EMD for new auction participations.  You can either transfer your rejected Client Specific EMD (PEMD in the name of MJ) to your free pool or get it refunded in your registered Bank Account only.

Inspection of lots

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Official examination of lots put up for auction to check & verify it for its actual correctness/specifications, is known as inspection of lots.

The lot inspection can be done by two ways:

> Physical Inspection

> E – Inspection

It is advisable to inspect the material before participation to avoid any discrepancy or dissatisfaction after auction participation or at the time of lot lifting.

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Examining the lot physically by visiting the actual client’s stockyard/lot location is physical inspection of lots.

To avail this facility you must refer the catalog to know the details of the yard location and contact information for the visit.

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E – Inspection of lots is an online feature wherein buyers have the facility to examine the lots online itself with the help of Video/Image facility associated with them.

This is subjected to association of Video/Image for the lots & may not be always applicable.

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To know the Process of e – inspection of lots, please follow the below mentioned steps:

a. Login to www.metaljunction.com, using your login credentials,

b. Accept the “User Declaration form”,

c. Click on the tab “Self‐Attachment”,

d. You will be able to view all the open catalogues,

e. Click on the link “View Image & Video” associated with the catalog you are interested in,

f. View the Image & Videos associated with the lots in whichever case it is applicable,

g. Rate the Image/Video file for Improvement.

Auction Participation & its features

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On successful bid you will be shown an accepted sign against the lot.

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You should call up on the Auction Room Numbers to clarify your doubts or for any assistance in bidding when the auction is in progress. The auction room numbers are-033 66031760-72 (13 lines). These numbers are available on our website also.

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You can call the Auction Room Helpline numbers and ask the auction controller executive to place your best bid on your behalf by providing him/her your user id and password.

Please note: All the telephone lines in the auction room is recorded to ensure transparency.

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Wrong bidding is abnormally high bid. It can arise in below mentioned scenarios:

a. If you place bid 1.89% more than your last bid then to prevent you from placing a wrong bid/abnormally high bid, system will show you a Pop-up message as warning. If you still want to place the bid, you have to click on OK or to revise your bid you can click on CANCEL.

b. To prevent you from placing wrong bid/abnormally high bid, system will not allow you to bid a price more than [30* Bid Increment + Current Market Price] or the boundary price which will not be visible to you. A Pop-Up message will appear in such a case on your bidding screen. You have to then click on OK and revise your bid as per the instruction given in the Pop-Up message to stay in competition

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Below mentioned are the certain circumstances when your bid can be rejected:

a. If your bid price is less than the SBP/Lead Price,

b. If your bid price is not exact multiple of bid increment amount,

c. If your bid price is lower than or equal to your last quoted price,

d. If your quoted bid price is higher than the boundary price at that point of time,

e. If you place Normal/Proxy bid, less than your last quoted Proxy bid value.

Note: Negative bid will not be accepted in the system.

If your bid is rejected then by putting the cursor on "Rejected message", under Bid Result column, you will be able to view the reason for Rejection. You can then follow the instruction given in the message and bid accordingly to stay in competition.

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The Price at which the auction has started and placing a bid below this price will lead to rejection of bid.

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No, visibility of the start bid price is dependent on the strategy of auction adopted.

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Bid Increments is the minimum amounts by which you have to increase your bid to stay in competition. You have to increase your bid in multiple of the bid increment.

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Bid increment can be seen by clicking the up arrow in the My Bid Column.

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Current market price is the ongoing lead price going for a particular lot at the given instance. The current market/lead price can be seen under the lead price column.

A

You will be able to see the current market price/lead price while the auction is running under the Lead price column in auctions applicable.

Please Note: Visibility of lead price depends on the auction rule being used like, you can see the lead price in case of English No- ties, MVB & Yankee auctions but, you cannot see the lead price in Sealed Bid or Dynamic Rank Based Sealed Auction.

A

Last bid price is your last quoted valid price for the lot in our system and lead price is the highest running price for the lot at the given instance.

Please note: - to stay in competition you have to always bid more than the lead price, if you bid below the lead Price, your bid will be rejected.

A

Depending on the auction rule you are participating in, it is possible to see the current lead price in the running current lots without placing any bid. You can view it under the lead price column in running lots.

Please Note: This will not be visible under all auction rules.

A

The hammer sign on your screen indicates that you are "leading" (H1) bidder in that lot at the given point of time.

Please Note: - Visibility of hammer is specific to certain auction rules only & will not be visible for all auctions.

A

It indicates that you are no longer leading buyer in the lot, which also means your competition has placed a higher bid then yours. You can see the change in the lead price through the "Lead Price", column and revise your accordingly in order to stay in the competition and win the lot.

A

UOM is an abbreviation for unit of measurement. It indicates the bidding basis.

A

Rank is displayed only in case of rank based sealed auctions & you can see your rank in the, "Rank/Allocation.qty/Proxy" column which is the last column at the extreme right hand side of your screen.

If you place the highest bid for a lot you will be shown the Rank as 1. If your competitor places a bid higher than yours, your rank will decrease from 1. To win the lot you have to revisit your price & re - submit your quote to be Rank 1.


A

To view only your interested lots, please follow the below mentioned steps:

a. During the running auction select your interested lots,

b. Now click on "Add to Watch list", option which is available both at the top & bottom right hand side of your screen,

c. Now go to "Watch list" tab, you will see only those lots selected by you.

Please Note: Fresh lots launched during the auction will not come under watch list tab, you have to re-select them from the live auction page & add to your watch list every time they are launched.

A

Visibility of winning details for a lot depends completely on the auction type in which you are participating in & it will not be available in all auction rules. Example in winning details for few auctions are mentioned below:

> For auctions like English No ties, Indian No Ties & Multi Variable bid auction you can know your winning status by looking at the Hammer Sign against the lot,

> For Rank based auctions you can look for your Rank,

> For Quantity based auctions you can look for your allocated quantity.

For certain other auction types, you can know the results only after auction closure or after declaration of auction results. Ensure refreshing your screen often to update your page.

A

The time remaining for a lot to close is displayed in the "Time Left" column

A

In order to ensure that every participant of any auction gets free, fair and equal opportunity to bid, in case any bid is registered within the last "n" mins of scheduled closure of a lot, the bidding time shall automatically get extend by the auto extended time period.

For example: If auto extension time is 3 minutes for an auction then if any bid is received within last 3 minutes of scheduled closure of the lot, then the auction run time of the lot will get auto extended to 3 minutes.

 

A

Proxy bidding is a bidding feature where you can give your best bid that you want to offer for a lot in the system well in advance. (Proxy bidding feature is only applicable for English No – Ties & Indian No Ties Auction).

With this feature system will place bid on your behalf until your best bid limit is exhausted.

A

> Proxy Bid is immensely helpful as the system bids on your behalf, and helps you remain in the competition till such time you are outbid by your competitor,

> It is helpful when you are participating to bid for multiple lots,

> It acts as a safeguard against slow connectivity/connectivity failure or any other problem at your end.

A

Below mentioned are advantages of Proxy Bids:

> Proxy bid enables system to bid on your behalf and revise your bid in bid increments multiple every time when your competitor tries to revise and give a better bid than yours, till the time your proxy bid limit is not exhausted,

> Your Proxy bid value is neither visible to your competitors nor MJ. It remains undisclosed at the back end of the system,

> You will continue to remain H1 & will be shown a hammer on your screen until you are out bided,

> In case the hammer disappears from the screen it implies that your competitor has finally bettered his bid compared to your proxy bid and you are no longer leading in the lot. You have to revise your bid again to remain in competition and win the market,

> It may also be noted that the system will continue to revise your bid so long it receives a revised bid from your competitor. In case it does not receive any and the market run time ends, you will be the H1 for that lot at the market price prevalent at the time of closure.

A

Outbid means competition has placed a higher Proxy Bid value than yours. This can happen in below mentioned situations:

a. You have already placed a Proxy Bid value & your competition places a higher value than yours,

b. Competition has placed a Proxy Bid value & your set a lower proxy value than your competition.

A

By seeing the, "outbid" sign on the screen you will know that you have been out bid. On moving the cursor on outbid sign you can see the reason for outbid. To stay in the competition, you will then have to revise and place a valid bid. You can see the change through the lead price column.

A

To enable Proxy bidding please follow the below mentioned steps:

a. Insert the proxy bid price in "MY BID" column against the lot in which you want to place the proxy bid price during live auction.

b. Select the check box under Proxy column & under then Select column beside the lot in which you are interested to place bid and

c. Click on Submit button.

A

No, Proxy bidding is a special bidding feature where system places bid on your behalf and is applicable only for English No Ties & Indian No Ties auction rule. Proxy bidding is not applicable for any other auction types.

A

In case your competitor places a proxy bid in the same lot it can lead to two situations:

a. Competitor’s proxy bid amount is lower than your proxy bid amount:

In this case the bid placed by competition will get outbid & market lead price will change with proxy value with increment in the price which the competitor has given.

b. Competitor’s proxy bid amount is higher than your proxy bid amount:

In this case his bid will get accepted & hammer sign will disappear from your screen. You will be able to see the change through the market lead price column

A

If a bid is received during the last minute of lot closure that is when it is running in auto extension mode, automatically the lot closure time will increase according to the pre-defined auto extension set time. You can revise & place your bid. The lot will not close until no bids are received within auto extension timeframe.

A

Anytime the system receives 2 bids that are the same, the first bid to get into the system will win.

Whether Proxy or normal bid, whichever is received first in the system will be considered as winning bid.

A

To view the closed lots, please follow the steps mentioned below:

a. After the closure of the lot you can view the Lot status under the Closed Lots tab

b. If you are H1 then hammer sign will be shown on your screen or the H1 bid will be visible for the auction rule where applicable.

A

You must refer to auction T&C as given in catalogue to know about the payment schedule & other details in case you win the lot.

Auction Methodology

A

a.      English No – Ties auction: - English no ties is a forward auction where you have to always increase your bid than your last quoted/lead price bid whichever is higher. You have to bid higher than the lead price to be H1. Upon placing the highest bid you will be shown hammer against the lot. Special auction feature of proxy bidding where system bids on your behalf works under this rule.

b.      Yankee auction: - In Yankee auction you have to quote the quantity which you want to buy along with the price at which you want to buy. Bid evaluation in Yankee auction works on the basis of PQT- Price, Quantity & Time. You have to increase the price or quantity or both to get your desired quantity. You can see your allocated quantity in the allocated quantity column. You will not see hammer under this rule & Proxy bidding facility is not available in Yankee auction.

c.       Multi – Variable bid auction: - Multi variable bid auction is a package auction where there is one parent lot & multiple child lots. To be H1 you have to place bid higher than the lead price of the parent lot, of which parent lot is the cumulative summation of price & quantity of all the child lots. .Upon placing the highest bid you will be shown hammer against the parent lot & all the child lots.

d.      Sealed Bid auction: - Under Sealed bid auction you have to give your best quote only once. There is no second bidding under this. You cannot see hammer under this auction rule. You can know your status only after the results of auction is declared.

e.      Dynamic Sealed Bid auction: - Unlike sealed bid auction here in Dynamic Sealed bid auction you can revisit your submitted quote. But just like sealed bid auction you cannot see hammer under this auction rule. You can know your status only after the results of auction is declared

f.        Dynamic Rank Based Sealed auction: - Under Dynamic Rank Based Sealed auction you can see your Rank for the bid placed by you. If you place the highest bid you will be shown Rank 1. To win the auction you have to be Rank 1 always. You will not see hammer under this auction rule.

g.      Staggered auction: In Staggered auctions, lot gets closed sequentially. In order to ensure that every participant of any auction gets free, fair and equal opportunity to bid, in case any bid is registered within the last "n" mins of scheduled closure of a lot, the bidding time shall automatically get extend by the auto extended time period of that particular lot and subsequently of all other lots for specified time period.

h.      E – Quotation: E – Quotation is methodology where buyers from various location can place their own best quote along with the quantity. There will not be any competition among the buyers. Best quote given by individual buyer will go to client for approval. On receiving approval from the client further sale transaction will take place.

Indian No Ties: - Indian No Ties auction is very similar to the English no ties auction with more secured features so that it avoids wrong bidding.
A

To place bid under English No – Ties auction, please follow the steps mentioned below:

a. Insert your price in "MY BID" column for the lot in which you are interested in,

b. Select the check box beside the lot,

c. Click on Submit button,

d. On acceptance of your bid you will see an Accepted sign in Bid Result column & a hammer sign on the left hand side of the lot. Hammer sign indicates that you are the Leading/Highest/H1 bidder,

e. If the hammer sign disappears, it indicates that your competitor has placed a higher bid than yours and hence you have to revise your bid to stay in competition.

Please note you must always keep watch on the time left column to ensure that you place your revised bid ahead of the lot closure time. Suggest that you do not wait till the last moment to place your bid.

A

In Yankee auction you have to quote for the quantity which you want to buy along with the price at which you want to buy, so to place bid under Yankee auction, please follow the steps mentioned below:

a. Put the quantity you want to take in MY QTY & price for that quantity in MY BID column for the lot in which you are interested in,

b. Click on Select check box,

c. Click on Submit Bid,

d. On acceptance of your bid you will see an Accepted sign in Bid Result column & your allocated quantity in Alloc Qty column,

e. If your competitor places a higher bid, then your allocated quantity will reduce or can become zero,

f. If you wish to remain in competition you must revise the quantity/price or both,

g. After revising the Qty/Price/Both, again click on Select check box & submit bid

h. On acceptance of your bid you will see an Accepted sign in Bid Result & your allocated quantity in Alloc Qty column.

Please note you must always keep watch on the time left column to ensure that you place your revised bid ahead of the lot closure time. Suggest that you do not wait till the last moment to place your bid.

A

In Multi Variable Bid auction there is one Parent Lot & multiple Child Lots & you have to place bid in all the Child lots at SBP/above SBP as applicable. To place bid under Multi – Variable bid auction, please follow the steps mentioned below:

a. Put price in MY BID column against all the child lot,

b. Select the check box beside the Parent lot,

c. Click on Submit button,

d. On acceptance of your bid, you will see an Accepted sign in Bid Result column & if you are the highest bidder then Hammer Sign will be shown against the parent lot & all the child lots

e. If your competitor places higher bid than yours, the Hammer Sign will disappear from your screen, you can see the change through Lead Price and My Last Bid. To remain in competition you have to place a Higher Bid than the Lead price (either in all the Child lots/at least in one of the child lot) so that the summation increases than the Lead price of the Parent lot.

Please note you must always keep watch on the time left column to ensure that you place your revised bid ahead of the lot closure time. Suggest that you do not wait till the last moment to place your bid.

A

To place bid under Sealed bid auction, please follow the steps mentioned below:

a. Insert your price in "MY BID" column for the lot in which you are interested in,

b. Select the check box beside the lot,

c. Click on Submit button,

d. On acceptance of your bid you will see an Accepted sign in Bid Result column.

Please note you must always keep watch on the time left column to ensure that you place your revised bid ahead of the lot closure time. Suggest that you do not wait till the last moment to place your bid.

A

To place bid under Dynamic Sealed bid auction, please follow the steps mentioned below:

a. Insert your price in "MY BID" column for the lot in which you are interested in,

b. Select the check box beside the lot,

c. Click on Submit button,

d. On acceptance of your bid you will see an Accepted sign in Bid Result column.

Please note you must always keep watch on the time left column to ensure that you place your revised bid ahead of the lot closure time. Suggest that you do not wait till the last moment to place your bid.

A

To place bid under Dynamic Rank Based Sealed bid auction, please follow the steps mentioned below:

a. Insert your price in "MY BID" column for the lot in which you are interested in,

b. Select the check box beside the lot,

c. Click on Submit button,

d. On acceptance of your bid you will see an Accepted sign under Bid Result column & if you had placed the highest bid then your Rank will be shown as ‘1’ in Rank column, which is the last column of your screen,

e. If your Rank deteriorates to "2" or more and you want to stay in competition then you need to increase your Price in "My Bid" column and Submit Bid again,

f. To win the lot your Rank should be "1" till that lot gets closed.

Please note you must always keep watch on the time left column to ensure that you place your revised bid ahead of the lot closure time. Suggest that you do not wait till the last moment to place your bid.

A

No, you cannot see hammer either in sealed bid/ dynamic rank based sealed auction.

In Rank based sealed auction you cannot see hammer on your screen but you can see your rank in "Rank/Alloc.qty/Proxy" which is the last column, at the extreme right hand side of your screen.

A

To place bid under staggered auction, please follow the steps mentioned below:

a. Insert your price in "MY BID" column for the lot in which you are interested in,

b. Select the check box beside the lot,

c. Click on Submit button,

d. On acceptance of your bid you will see an Accepted sign in Bid Result column.

Please note you must always keep watch on the time left column to ensure that you place your revised bid ahead of the lot closure time. Suggest that you do not wait till the last moment to place your bid

A

For example: If auto extension time is 3 minutes for an auction and there are 3 lots which are running. The scheduled closure time of Lot-1 is 3:00 PM, Lot-2 is 3:05 PM (i.e. five minutes after closure of Lot-1) & Lot-3 is 3:10 PM (i.e. five min after closure of Lot-2). If any bid is received at 2:59 PM then the closing time of Lot-1 will get auto extended to last minutes i.e. 3:00 PM, subsequently for Lot-2 the closing time will remain to be 3:05 PM (i.e. five minutes after closure of Lot-1) and for Lot-3 the closing time will be 3:10 PM (i.e. five min after closure of Lot-2).

A

To place bid under E - quotation, please follow the steps mentioned below:

a. Insert your price in “MY BID” column for the lot in which are interested in,

b. Insert your quantity in “MY QTY” column for the lot in which you want to bid,

c. Select the check box beside the lot,

d. Click on Submit button,

e. On acceptance of your bid you will see an “Accepted” sign in Bid Result column,

f. You can see your asked quantity in “My Qty” column, there will not be view of allocated quantity as the final approval of the lots will be subjected to client’s confirmation

Please note you must always keep watch on the time left column to ensure that you place your revised bid ahead of the lot closure time. Suggest that you do not wait till the last moment to place your bid

A

To place bid under Indian No – Ties auction, please follow the steps mentioned below:

a. Insert your price in “MY BID” column for the lot in which are interested in,

b. Select the check box beside the lot,

c. Click on Submit button,

d. On acceptance of your bid you will see an Accepted sign in Bid Result column & a hammer sign on the left hand side of the lot. Hammer sign indicates that you are the Leading/Highest/H1 bidder,

e. If the hammer sign disappears, it indicates that your competitor has placed a higher bid than yours and hence you have to revise your bid to stay in competition,

f. Note, if you are Leading/Highest/H1 bidder at a given instant for a given lot then the you will not be able to increase his H1 bid further until & unless a counter bid greater than the H1 bid price is received by any other bidder in the given lot.

Please note you must always keep watch on the time left column to ensure that you place your revised bid ahead of the lot closure time. Suggest that you do not wait till the last moment to place your bid

Online Booking

A

An online auction is a process of selling material where buyer gets the opportunity to place their best bid & upon closure of the auction winning price goes for client’s approval. Winner is decided basis the competition. On receiving the approval from the client sale transaction is taken up for further processing.

Whereas, in the Online Booking event prices are pre – approved & buyer has to just accept the price. Once buyer accepts the price lot is awarded to the set buyer & it goes for further processing.Winner is decided basis first come first served basis.

A

a.      Price Based E- Bookings: Unlike normal forward auction formats E –Booking is event where the buyer will be able to book the pre – defined quantity at the offered price. Both the pre – defined quantity & offered price will be visible to the bidders on their screen. Once a lot is booked it is considered to be sold on first come first serve basis.

b.      Partial E – Booking: Partial E – Booking is another feature of online booking event where the choice of quantity is flexible to the buyers but not more than the offered lot quantity.

A

See the price of the lot in the “Price Offered” column, if you are interested to book the lot at the offered price & than follow below mentioned the steps:

a. Select the check box beside the lot which you want to book,

b. Click on Submit button,

c. On acceptance of your bid you will see an Accepted sign in Bid Result column & a hammer sign on the left hand side of the lot. Hammer sign indicates that you are the winner of the Lot,

d. Lot will be available on first come first serve basis. Lot once booked by you cannot be booked by any other buyer and the booked lot will become inactive for other buyers.

Please note you must always keep watch on the time - left column to ensure that you book the lot ahead of the lot closure time. Suggest that you do not wait till the last moment to book the lot.

A

See the price of the lot in the “Price Offered” column, if you are interested to book the lot at the offered price & than follow the below mentioned steps:

a. Put the quantity which you want to take at the offered price in MY QTY,

b. Select the check box beside the lot which you want to book,

c. Click on Submit button,

d. On acceptance of your bid you will see an Accepted sign in Bid Result column & a hammer sign on the left hand side of the lot. Hammer sign indicates that you are the winner of the Lot.

Please note you must always keep watch on the time - left column & available quantity column to ensure that you book the lot ahead of the lot closure time. Suggest that you do not wait till the last moment to book the lot.

A

To view the closed lots of Price Based E- Bookings Format & Partial E – Booking format please click on closed lot tab & then click on the sub - menu Price based E – Bookings.

Turant Upaay

A

At metaljunction we constantly reinvent our processes to bring the best business experience to you. “Turant Upaay” is a platform for you to voice your opinion about your experience with us. This platform has been developed to capture your “query”, “request”, “complaint” and “suggestions” on the services provided by us.

This will help us to continuously refine our work processes to meet your changing requirements.

A

To register your suggestions/complaints through “Turant Upaay”, follow the steps mentioned below:

a. Go to our website, www.metaljunction.com,

b. Click on the option, “Login”,

c. Scroll down the page,

d. Click on the option, “Customer Care”, available on the right hand side of the screen,

e. Click on the option, “Click here to channel your query or complaints to us”,

f. You will be directed to a new page, scroll to the bottom right hand side of the page,

g. Login with user registered User Id & Password,

h. Click on the option “Feedback”, available in the left hand side of the page,

i. Click on the option, “New”, for new feedback & “View”, to view the status of old feedback.

A

With “Turant Upaay” you get your feedback reviewed & answered within minimum possible time. If unanswered within the expected time the same will be escalated to the MD & CEO of the company.

BUYER FINANCE

A

It is working capital finance at competitive rates, from our partner banks to purchase steel through e-auction.

A

All auction participants of metaljunction, purchasing secondary steel products from Tata Steel and SAIL (BSP, DSP, RSP, SSP, ASP, ISP and BSL). Buyers of TATA Steel / SAIL who are also purchasing from Welspun and / or JSPL are eligible to apply under TATA Capital for the said program.

A

Depending on your business profile and external or bank ratings, either finance will be provided without any collateral as an unsecured facility, or 25 - 30% collateral or security is required (as detailed in the scheme details).

A

> Nil / negligible collaterals or securities are required.

> Credit Period up to 60 / 45Days (need based)

> Competitive rate of interest.

> Instant disbursal.

> Regular MIS on utilization and reminder mails to avoid any overdue.

A

This finance facility is over and above your present working capital facility, hence there is no restriction even if you have such an existing facility. This facility is exclusively for making payments for materials purchased though e-auction from Mjunction.

A

Yes Bank, Axis Bank, HDFC Bank and TATA Capital Ltd. will provide the finance. We may also add other banks shortly.

A

There is prescribed format for putting the finance request. (which is circulated after a/c opening). You will be able to collect the pay-order from your local branch of the respective bank or there will be direct payment through RTGS to the plant on your behalf.

A

Send the duly filled information sheet as scanned document to shruti.saxena@mjunction.in. Once the initial screening is done and you are found eligible for the program under any of the banks, you will be informed accordingly post which you need to send us the pre sanction documents.

A

a. Brief Background of Firm/Company and authorized signatories.

b. Copies of audited Financial Statements for the last 4 years/ Provisional Financial Statements for the latest year, if accounts for that year are not audited, and audited Financial Statements for the preceding 2 years. Estimated financial Statement for the immediate succeeding year and Projected financial Statement for the next succeeding year.

c. Copies of last 2 years Income Tax Returns of the firm.

d. Copies of insurance policies in respect of goods and premises insured.

e. Identity proof of proprietor/all partners/ all directors of the firm (Passport copy/ Voter ID/ PAN Card/ Deriving License).

f. Signature verification of the authorized signatory/signatories.

g. CA Certified Certificate of Net Worth and Personal Balance Sheets of proprietor/all partners/ all directors of the firm.(Annexure 2)

h. CA certified Declaration of borrowing from Banks/ Financial Institutions (FIs) as on the date of declaration.(Annexure 3)

i. Document(s) evidencing constitution of the firm like Memorandum & Articles of Association, Certificate of Incorporation, and Partnership Deed (including registration copy)etc. Share Holding Pattern as on a latest date

j. Electricity bill / Telephone bill copy in the name of the firm/ company.

k. Statutory requirements like registration under Shops & Establishments Act / Service Tax / PAN No., / P.F. No. / E.S.I. No. / Labour License No. etc. (any two proofs).

l. Copies of the last sanction letter of the existing credit facilities enjoyed by the firm/company.

m. Bank statements for last 6 months from other banks

n. External Rating Agency report including the rating sheet and the rationale (if any).

o. Existing CMA data of the firm as submitted to the working capital banker (if any)

p. Collateral Security details (wherever applicable)

A

In case of further queries please contact Mr Rohit Singh at +91 8336925983 / 03366106210 or Ms. Shruti Saxena at 91 9163348120 / 033 66106006"

Now you bid from your smart phone!*

It's easy and convenient!

Download widgets runner for your smart phone*

See disclaimer

Use of the software requires and presumes adherence and assent to the following terms and conditions and awareness of the following limitations for which the users agree not to hold the company liable

  1. The "mobile bidding screen and applications associated with it" (the software) are copyright of mjunction services limited (the company) , and may not be distributed, rented out, re-sold, re-engineered, decompiled, reconstructed nor used for any other purpose than the purpose for which intended by the company. It is the users obligation to make sure that the use of the software provided by the company does not contravene the local laws of the country/ state / region of the user. The user may keep copies of the software for the purpose of back-up and archival only.
  2. No warranties and Limitation of Liability The software is being presented on an "as is " basis without any express or implied warranty of any kind, including but not limited to any warranties of merchantability, non infringement, or fitness of a particular purpose. does not warrant or assume responsibility for the accuracy or completeness of any information, text, graphics, links or other items contained within the "mobile bidding screen and applications associated with it" .The company makes no warranties respecting any harm that may be caused by the transmission of a computer virus, worm, time bomb, logic bomb, or other such computer program. The company further expressly disclaims any warranty or representation to Authorized Users or to any third party. In no event shall the company be liable for any damages (including, without limitation, lost profits, business interruption, or lost information) rising out of 'Authorized Users' use of or inability to use the software, even if the company has been advised of the possibility of such damages. In no event will the company be liable for loss of data or for indirect, special, incidental, consequential (including lost profit), or other damages based in contract, tort or otherwise. The company shall have no liability with respect to the content of the software or any part thereof, including but not limited to errors or omissions contained therein, libel, infringements of rights of publicity, privacy, trademark rights, business interruption, personal injury, loss of privacy, moral rights or the disclosure of confidential information. In case of any deviation between the computer interface and the mobile screen interface, the data as made available on the computer screen will prevail.
  3. Buyers may note that certain fields which are visible on the computer screen have been with-held and are not shown on the mobile screen. This has been necessitated so as to enable effective rendering on the mobile screen with sufficient speed.
  4. Certain facilities of monitoring multiple lots are also limited in their availability on the mobile screen, again due to space and speed considerations.
  5. Certain checks against high bids , available on the computer screen, may not be available on the mobile screen, or, may behave differently, due to limitations of technology.
  6. This communication being sent by company is privileged and confidential, and is directed to and for the use of the addressee only. If this message reaches anyone other than the intended recipient, we request the reader not to reproduce, copy, disseminate or in any manner distribute it. We further request such recipient to notify us immediately by return email and delete the original message. Company does not guarantee the security of any information transmitted electronically and is not liable for the proper, timely and complete transmission thereof. Opinions, conclusions and other information in this communication that do not relate to the official business of Company shall be understood as neither given nor endorsed by it.

* The mobile bidding application will not run IPhone. Blackberry and other phones with proprietary operating systems