Your Ref. : AIPL/RC/2001/99
Our Ref. : AIPL RC/2001
Date :2/12/01

M/s.


Kind attn. : Mr.


Dear Sir,

Sub: Annual Rate Contract for supply of SIEMENS Motors

We thank you for giving us an opportunity to quote you our offer for Annul Rate Contract for above mentioned products. We confirm that we are Authorised Dealers for the above mentioned products.

We give below our most competitive terms and conditions for your consideration and acceptance:

1. Proposed Period of Rate Contract: One year from the date of acceptance

2. Prices: We have the current Price List for full range of mentioned products.

3. Discount: 37.5% on the mentioned Product Price List.

4. Excise Duty: Excise Duty as applicable is mentioned in the Price List. However, in case of any additional levies the same would be brought to your attention as intimated by the company and the pro-rata additional levie would be claimed from your.

5. Sale Tax: For Madhya Pradesh tax 8% commercial tax 15% surcharges on commercial tax for out of Madhya Pradesh 4% CST + 10 CST

7. Delivery: We carry adequate stock of full range of products. Hence we will normally execute your requirement from our stocks. However, for non-stock items our delivery would be 3 to 4 weeks.

8. Packing & Forwarding: Packing and forwarding charges if any would be extra at actual and would be claimed in our Sales Invoice to you. not more than 2% for order more than 12000/-

9. Freight: Our offer is based on free delivery to your various Departments, transporters godown at Bhopal/Indore. The cost of further transportation of the goods as per your order to your requirement destination would be to your account and Freight "to pay: basis.

10. Insurance: Our responsibility ceases once goods are delivered as per your instruction to our approved transporter/agent and we therefore request you to kindly arrange for necessary insurance cover for damages and other losses.

11. Change of Price: In case of any change of prices by our Principals i.e. the company we will immediately inform you and submit a mail a copy of the revised Price List and will obtain Rate Revision Acceptance from you. However, for Orders already placed prior to Price Revision, we shall keep the price indicated in the Order as firm and supply the items as per the ordered rates.

12. Payment: As per agreement.

13. Overdue Interest: In case of delay in realisation of payment, we would claim Overdue Interest at the rate of 18% per annum.

14. Validity: This offer is valid for acceptance for one month from this date. The above discounts are proposed discounts. The same would vary according to Annual Volume, Purchase Commitment and Payment Agreement.

Rate Contract Proposal is valid only after our acceptance. We hope you will find our offer competitive and acceptable and would be happily to clarify any of your queries which would enable you confirm your acceptance.


Thanking you.



Yours Faithfully