Date: 13 November, 2012

TO BE DISCUSSED
SCRAP PROCESS

1. Scraping of Store Stock items MR for issuance of Scrap Material Description Clearing A/C Store Stock A/C (Store Stock Account will be credit on the company average rate) DA for Scrap material returned in store Description Dr Cr Scrap Clearing A/C 100 Clearing A/C 100 (Same current company average rate will be given manually for scrap material receiving in the system on the basis of scrap categories) DA for Scrap Material Issuance to Bidder Description Dr Cr Scrap Job (06/0410) A/C 100 Scrap Clearing A/C 100 (After bidding scrap material will be issued from stock to bidder on same current average rate) * All clearing accounts will be nullify with manually using same current company average rate. JV for Sale of Scrap material to Bidder Description Receivable A/C Gain/Loss of Scrap A/C Scrap Job (06/0410) A/C (JV will be entered in the GL of oracle as per current practice) Dr 60 40 Cr Dr 100 Cr 100

100

2. Meters Issuance for Metering Workshop: MR for Central metering workshop Description Job Central metering workshop A/C Store Stock A/C Dr XXX Cr XXX

Receiving Repaired Meter in shock: MRV from Central metering workshop Description Store Stock A/C Job Central metering workshop A/C Dr XXX Cr XXX

Receiving Scrap Meters in Scrap: DA/ 9A/9Z for Scrap Description Dr Cr Scrap Clearing A/C XXX Job Central Metering Workshop A/C XXX (Same current company average rate will be given manually for scrap material receiving in the system on the basis of scrap categories) DA for Scrap Material Issuance to Bidder Description Dr Cr Scrap Job (06/0410) A/C XXX Scrap Clearing A/C XXX (After bidding scrap material will be issued from stock to bidder on same current average rate) * All clearing accounts will be nullify with using same current company average rate. JV for Sale of Scrap material to Bidder Description Receivable A/C Gain/Loss of Scrap A/C Scrap Job (06/0410) A/C (JV will be entered in the GL of oracle as per current practice) Dr XXX XXX Cr

XXX

3. Scraping of Material Returned by indenter include 16 year old meters MR for material Issuance to Indenter: Description Job (Job required on which material issued ) A/C Store Stock A/C Dr XXX Cr XXX

DA for Material Description Dr Scrap Clearing A/C XXX Job (Job required on which material issued ) A/C (Manual value for scrap will be used during transactions on the basis of scrap categories) DA for Scrap Material Issuance to Bidder Description Dr Cr Scrap Job (06/0410) A/C XXX Scrap Clearing A/C XXX (After bidding scrap material will be issued from stock to bidder on same current average rate) * All clearing accounts will be nullify with using same current company average rate. JV for Sale of Scrap material to Bidder Description Receivable A/C Gain/Loss of Scrap A/C Scrap Job (06/0410) A/C (JV will be entered in the GL of oracle as per current practice) Dr XXX XXX Cr Cr XXX

XXX