AUT HORI SATI ON LETTER

Document Gener at i on Dat e and Ti me : 19- Mar- 2020 17:

23

By af f i xi ng i t s di gi t al si gnat ure on t hi s under t aki ng, t he Aut hor i

zed
User, on behal f of BANK OF I NDI A ( ”Fi nanci er ”) her eby s ubmi t i t s bi ds
to
t he Fac t ori ng Uni t s pr es ent ed on t he M1 by t he r espect i ve Buy er
or
1. FF- 170320- 000028
Suppl i er, as under :

FACT ORI NG UNI T S UMMARY

Pr oduct Ty pe Fac t ori ng

Uni que Ref er ence Numbe r FF- NC- 170320- 000028

Fac t ori ng Uni t Amount Rs. 581122. 08

Fac t ori ng Uni t Under l yi ng Rs. 581122. 08

Amount
13- Apr - 2020
Uni t Due Dat e
UNDERL Y I NG I NV OI CES S
UMMARY
I nvoi ce Numbe r I nvoi ce Amount I nvoi ce Dat e Amount Cl ai med

8134 Rs. 81048. 80 29- Fe b- 2020 Rs. 81048. 80

8135 Rs. 225724. 80 29- Fe b- 2020 Rs. 225724. 80

8136 Rs. 198703. 68 29- Fe b- 2020 Rs. 198703. 68

8138 Rs. 37822. 40 29- Fe b- 2020 Rs. 37822. 40

8141 Rs. 37822. 40 29- Fe b- 2020 Rs. 37822. 40

2. FF- 170320- 000027

FACT ORI NG UNI T S UMMARY

Pr oduct Ty pe Fac t ori ng

Uni que Ref er ence Numbe FF- NC- 170320- 000027

r
Rs. 321863. 36
Fac t ori ng Uni t Amount
Fac t ori ng Uni t Under l yi ng Rs. 321863. 36
Amount
17- Apr - 2020
Uni t Due Dat e
UNDERL Y I NG I NV OI CES S
UMMARY
I nvoi ce Numbe r I nvoi ce Amount I nvoi ce Dat e Amount Cl ai med

8167 Rs. 118890. 24 04- Mar- 2020 Rs. 118890. 24

8168 Rs. 43720. 32 04- Mar- 2020 Rs. 43720. 32

8169 Rs. 159252. 80 04- Mar- 2020 Rs. 159252. 80

3. FF- 170320- 000025

FACT ORI NG UNI T S UMMARY

Pr oduct Ty pe Fac t ori ng

Uni que Ref er ence Numbe FF- NC- 170320- 000025

r
Rs. 206955. 84
Fac t ori ng Uni t Amount
Fac t ori ng Uni t Under l yi ng Rs. 206955. 84
Amount
18- Apr - 2020
Uni t Due Dat e
UNDERL Y I NG I NV OI CES S
UMMARY
I nvoi ce Numbe r I nvoi ce Amount I nvoi ce Dat e Amount Cl ai med

8177 Rs. 53939. 20 05- Mar- 2020 Rs. 53939. 20

8178 Rs. 109156. 32 05- Mar- 2020 Rs. 109156. 32

8179 Rs. 43860. 32 05- Mar- 2020 Rs. 43860. 32

4. FF- 170320- 000024

FACT ORI NG UNI T S UMMARY

Pr oduct Ty pe Fac t ori ng

Uni que Ref er ence Numbe FF- NC- 170320- 000024

r
Rs. 449990. 24
Fac t ori ng Uni t Amount
Fac t ori ng Uni t Under l yi ng Rs. 449990. 24
Amount
15- Apr - 2020
Uni t Due Dat e
UNDERL Y I NG I NV OI CES S
UMMARY
I nvoi ce Numbe r I nvoi ce Amount I nvoi ce Dat e Amount Cl ai med

8147 Rs. 108158. 40 02- Mar- 2020 Rs. 108158. 40

8148 Rs. 20885. 76 02- Mar- 2020 Rs. 20885. 76

8149 Rs. 280491. 68 02- Mar- 2020 Rs. 280491. 68

8150 Rs. 40454. 40 02- Mar- 2020 Rs. 40454. 40

5. RI - 160320- 000092

FACT ORI NG UNI T S UMMARY

Pr oduct Ty pe Rever se Fac t ori ng Buy er I nt er

est
Uni que Ref er ence Numbe
r RI - NC- 160320- 000092

Fac t ori ng Uni t Amount Rs. 1928323. 10

Fac t ori ng Uni t Under l yi ng Rs. 1928323. 10
Amount
15- J un- 2020
Uni t Due Dat e
UNDERL Y I NG I NV OI CES S
UMMARY
I nvoi ce Numbe r I nvoi ce Amount I nvoi ce Dat e Amount Cl ai med

HRD 2379 Rs. 31522. 00 30- J an- 2020 Rs. 31522. 00

HRD 2374 Rs. 13056. 00 30- J an- 2020 Rs. 13056. 00

HRD 2439 Rs. 43917. 40 04- Fe b- 2020 Rs. 43917. 40

HRD 2391 Rs. 35450. 90 31- J an- 2020 Rs. 35450. 90

HRD 2373 Rs. 47130. 40 30- J an- 2020 Rs. 47130. 40

HRD 2448 Rs. 48204. 80 05- Fe b- 2020 Rs. 48204. 80

HRD 2382 Rs. 23842. 60 30- J an- 2020 Rs. 23842. 60

HRD 2380 Rs. 33743. 40 30- J an- 2020 Rs. 33743. 40

HRD 2375 Rs. 21457. 90 30- J an- 2020 Rs. 21457. 90

HRD 2494 Rs. 30451. 20 10- Fe b- 2020 Rs. 30451. 20

HRD 2392 Rs. 36041. 60 31- J an- 2020 Rs. 36041. 60

HRD 2390 Rs. 13985. 30 31- J an- 2020 Rs. 13985. 30

HRD 2399 Rs. 45402. 90 31- J an- 2020 Rs. 45402. 90

HRD 2502 Rs. 11184. 60 10- Fe b- 2020 Rs. 11184. 60

HRD 2487 Rs. 20980. 50 09- Fe b- 2020 Rs. 20980. 50

HRD 2466 Rs. 22376. 40 07- Fe b- 2020 Rs. 22376. 40

HRD 2440 Rs. 14722. 60 04- Fe b- 2020 Rs. 14722. 60

HRD 2445 Rs. 13696. 60 04- Fe b- 2020 Rs. 13696. 60

HRD 2469 Rs. 12335. 40 07- Fe b- 2020 Rs. 12335. 40

HRD 2480 Rs. 16920. 30 08- Fe b- 2020 Rs. 16920. 30

HRD 2495 Rs. 10227. 20 10- Fe b- 2020 Rs. 10227. 20

HRD 2522 Rs. 11249. 90 12- Fe b- 2020 Rs. 11249. 90

HRD 2526 Rs. 19921. 90 13- Fe b- 2020 Rs. 19921. 90

HRD 2459 Rs. 21756. 10 06- Fe b- 2020 Rs. 21756. 10

HRD 2514 Rs. 40666. 90 12- Fe b- 2020 Rs. 40666. 90

HRD 2545 Rs. 10058. 90 14- Fe b- 2020 Rs. 10058. 90

HRD 2527 Rs. 16320. 00 13- Fe b- 2020 Rs. 16320. 00

HRD 2592 Rs. 18654. 50 19- Fe b- 2020 Rs. 18654. 50

HRD 2568 Rs. 13893. 10 17- Fe b- 2020 Rs. 13893. 10

HRD 2437 Rs. 10227. 20 04- Fe b- 2020 Rs. 10227. 20

HRD 2508 Rs. 23171. 80 11- Fe b- 2020 Rs. 23171. 80

HRD 2435 Rs. 56014. 70 04- Fe b- 2020 Rs. 56014. 70

HRD 2400 Rs. 38722. 20 31- J an- 2020 Rs. 38722. 20

HRD 2443 Rs. 13985. 30 04- Fe b- 2020 Rs. 13985. 30

HRD 2599 Rs. 25181. 40 19- Fe b- 2020 Rs. 25181. 40

HRD 2543 Rs. 13056. 00 14- Fe b- 2020 Rs. 13056. 00

HRD 2537 Rs. 30950. 40 14- Fe b- 2020 Rs. 30950. 40

HRD 2600 Rs. 12272. 60 19- Fe b- 2020 Rs. 12272. 60

HRD 2554 Rs. 12272. 60 15- Fe b- 2020 Rs. 12272. 60

HRD 2587 Rs. 10151. 70 18- Fe b- 2020 Rs. 10151. 70

HRD 2541 Rs. 10060. 80 14- Fe b- 2020 Rs. 10060. 80

HRD 2538 Rs. 22197. 80 14- Fe b- 2020 Rs. 22197. 80

HRD 2438 Rs. 33085. 40 04- Fe b- 2020 Rs. 33085. 40

HRD 2580 Rs. 13056. 00 18- Fe b- 2020 Rs. 13056. 00

HRD 2553 Rs. 12180. 10 15- Fe b- 2020 Rs. 12180. 10

HRD 2544 Rs. 21900. 20 14- Fe b- 2020 Rs. 21900. 20

HRD 2434 Rs. 54180. 20 04- Fe b- 2020 Rs. 54180. 20

HRD 2570 Rs. 16320. 00 17- Fe b- 2020 Rs. 16320. 00

HRD 2540 Rs. 15475. 20 14- Fe b- 2020 Rs. 15475. 20

HRD 2579 Rs. 11124. 50 18- Fe b- 2020 Rs. 11124. 50

HRD 2535 Rs. 14604. 80 13- Fe b- 2020 Rs. 14604. 80

HRD 2465 Rs. 40273. 90 07- Fe b- 2020 Rs. 40273. 90

HRD 2559 Rs. 14674. 90 15- Fe b- 2020 Rs. 14674. 90

HRD 2602 Rs. 38786. 60 20- Fe b- 2020 Rs. 38786. 60

HRD 2610 Rs. 32054. 50 20- Fe b- 2020 Rs. 32054. 50

HRD 2700 Rs. 16320. 00 28- Fe b- 2020 Rs. 16320. 00

HRD 2701 Rs. 12104. 30 28- Fe b- 2020 Rs. 12104. 30

HRD 2642 Rs. 19281. 90 23- Fe b- 2020 Rs. 19281. 90

HRD 2687 Rs. 25692. 20 27- Fe b- 2020 Rs. 25692. 20

HRD 2629 Rs. 18510. 10 22- Fe b- 2020 Rs. 18510. 10

HRD 2657 Rs. 30434. 60 25- Fe b- 2020 Rs. 30434. 60

HRD 2542 Rs. 10227. 20 14- Fe b- 2020 Rs. 10227. 20

HRD 2655 Rs. 12543. 40 24- Fe b- 2020 Rs. 12543. 40

HRD 2692 Rs. 17237. 90 27- Fe b- 2020 Rs. 17237. 90

HRD 2665 Rs. 16920. 30 25- Fe b- 2020 Rs. 16920. 30

HRD 2615 Rs. 25320. 20 21- Fe b- 2020 Rs. 25320. 20

HRD 2645 Rs. 26894. 10 24- Fe b- 2020 Rs. 26894. 10

HRD 2632 Rs. 23769. 60 22- Fe b- 2020 Rs. 23769. 60

HRD 2668 Rs. 20779. 50 26- Fe b- 2020 Rs. 20779. 50

HRD 2691 Rs. 13056. 00 27- Fe b- 2020 Rs. 13056. 00

HRD 2623 Rs. 27635. 50 21- Fe b- 2020 Rs. 27635. 50

HRD 2627 Rs. 16920. 30 22- Fe b- 2020 Rs. 16920. 30

HRD 2702 Rs. 12335. 40 28- Fe b- 2020 Rs. 12335. 40

HRD 2710 Rs. 12540. 20 29- Fe b- 2020 Rs. 12540. 20

HRD 2612 Rs. 10227. 20 20- Fe b- 2020 Rs. 10227. 20

HRD 2613 Rs. 13056. 00 20- Fe b- 2020 Rs. 13056. 00

HRD 2709 Rs. 38633. 00 29- Fe b- 2020 Rs. 38633. 00

HRD 2401 Rs. 11771. 60 31- J an- 2020 Rs. 11771. 60

HRD 2449 Rs. 52347. 50 05- Fe b- 2020 Rs. 52347. 50

HRD 2539 Rs. 30950. 40 14- Fe b- 2020 Rs. 30950. 40

HRD 2562 Rs. 12272. 60 15- Fe b- 2020 Rs. 12272. 60

HRD 2699 Rs. 39645. 40 28- Fe b- 2020 Rs. 39645. 40

HRD 2569 Rs. 12272. 60 17- Fe b- 2020 Rs. 12272. 60

HRD 2447 Rs. 37152. 00 05- Fe b- 2020 Rs. 37152. 00

HRD 2656 Rs. 16320. 00 24- Fe b- 2020 Rs. 16320. 00

6. RF- 190320- 000124

FACT ORI NG UNI T S UMMARY

Pr oduct Ty pe Rever se Fac t ori ng

Uni que Ref er ence Numbe RF- NC- 190320- 000124

r
Rs. 3891625. 16
Fac t ori ng Uni t Amount
Fac t ori ng Uni t Under l yi ng Rs. 3891625. 16
Amount
18- J un- 2020
Uni t Due Dat e
UNDERL Y I NG I NV OI CES S
UMMARY
I nvoi ce Numbe r I nvoi ce Amount I nvoi ce Dat e Amount Cl ai med

625 Rs. 295448. 40 24- J an- 2020 Rs. 295448. 40

626 Rs. 507565. 20 25- J an- 2020 Rs. 507565. 20

607 Rs. 527648. 80 22- J an- 2020 Rs. 527648. 80

610 Rs. 277198. 52 22- J an- 2020 Rs. 277198. 52

613 Rs. 330359. 88 23- J an- 2020 Rs. 330359. 88

608 Rs. 140497. 88 22- J an- 2020 Rs. 140497. 88

609 Rs. 429088. 12 22- J an- 2020 Rs. 429088. 12

639 Rs. 160982. 00 31- J an- 2020 Rs. 160982. 00

638 Rs. 568170. 00 31- J an- 2020 Rs. 568170. 00

606 Rs. 490573. 20 20- J an- 2020 Rs. 490573. 20

605 Rs. 164093. 16 20- J an- 2020 Rs. 164093. 16

7. RI - 130320- 000211

FACT ORI NG UNI T S UMMARY

Pr oduct Ty pe Rever se Fac t ori ng Buy er I nt er

est
Uni que Ref er ence Numbe
r RI - NC- 130320- 000211

Fac t ori ng Uni t Amount Rs. 1360709. 00

Fac t ori ng Uni t Under l yi ng Rs. 1489476. 00
Amount
15- J un- 2020
Uni t Due Dat e
UNDERL Y I NG I NV OI CES S
UMMARY
I nvoi ce Numbe r I nvoi ce Amount I nvoi ce Dat e Amount Cl ai med

047 Rs. 1489476. 00 15- Fe b- 2020 Rs. 1360709. 00

8. RI - 060320- 000117

FACT ORI NG UNI T S UMMARY

Pr oduct Ty pe Rever se Fac t ori ng Buy er I nt er

est
Uni que Ref er ence Numbe
r RI - NC- 060320- 000117

Fac t ori ng Uni t Amount Rs. 2057632. 31

Fac t ori ng Uni t Under l yi ng Rs. 2101663. 22
Amount
10- J un- 2020
Uni t Due Dat e
UNDERL Y I NG I NV OI CES S
UMMARY
I nvoi ce Numbe r I nvoi ce Amount I nvoi ce Dat e Amount Cl ai med

06 Rs. 2101663. 22 06- Mar- 2020 Rs. 2057632. 31

9. RI - 060320- 000112

FACT ORI NG UNI T S UMMARY

Pr oduct Ty pe Rever se Fac t ori ng Buy er I nt er

est
Uni que Ref er ence Numbe
r RI - NC- 060320- 000112

Fac t ori ng Uni t Amount Rs. 1817479. 80

Fac t ori ng Uni t Under l yi ng Rs. 1817479. 88
Amount
08- J un- 2020
Uni t Due Dat e
UNDERL Y I NG I NV OI CES S
UMMARY
I nvoi ce Numbe r I nvoi ce Amount I nvoi ce Dat e Amount Cl ai med

300544 Rs. 1817479. 88 26- J an- 2020 Rs. 1817479. 80

10. RI - 050320- 000132

FACT ORI NG UNI T S UMMARY

Pr oduct Ty pe Rever se Fac t ori ng Buy er I nt er

est
Uni que Ref er ence Numbe
r RI - NC- 050320- 000132

Fac t ori ng Uni t Amount Rs. 2137687. 26

Fac t ori ng Uni t Under l yi ng Rs. 2150198. 00
Amount
04- J un- 2020
Uni t Due Dat e
UNDERL Y I NG I NV OI CES S
UMMARY
I nvoi ce Numbe r I nvoi ce Amount I nvoi ce Dat e Amount Cl ai med

005 Rs. 2150198. 00 04- Mar- 2020 Rs. 2137687. 26

 UNDERT AKI NG

The Fi nanci er has r ead and under s t ood t he t erms and condi t i ons of t
he
Mast er Agr eement ent er ed i nt o wi t h t he Company and t he Pr ocedur al
Gui del i nes f or car r yi ng out Tr ans act i on on M1 and agr ees t o compl y wi
th
t he same and wi t hout di l ut i ng any of i t s obl i gat i ons under t he sai d Mast
er
a. The Fi nanci er her eby acknowl edges and under t akes t hat i t has aut hor i
Agr
zed eement , af f i rms and acknowl edges t he f ol l owi ng : -
t he Company t o debi t t he f unds f rom i t s des i gnat ed bank account upon
accept ance of i t s bi d by t he Suppl i er or Buyer , as t he case may be, as
per
t he Tr ans act i on under t aken by t he Fi nanci er and ef f ect t he cr edi t of s
uch
f unds t o t he account of t he Suppl i er’ s Ba nk wi t hi n t he s t i pul at ed per i
od
agr eed under Mast er Agr eement . The Fi nanci er f urt her acknowl edges t hat t
he
appl i cabl e i nt er est payabl e by t he Suppl i er/ Buy er ( as appl i cabl e) , t o t
b.
he The Fi nanci er her eby acknowl edges , under t akes and agr ees t hat Fi nanci
er
Fi nanci er on t he di s count ed amount s hal l be cal cul at ed f rom t he dat e
iofn i t s sol e di scr et i on s hal l ext end t he Due Dat e f or maki ng payment of t
he
set t l ement of f unds / successf ul t r ansf er of f unds i n t he Suppl i er’ s Ba
moni
nk es under t he di s count ed Fac t ori ng Uni t s ubj ect t o t he Buy er payi ng t
he
account .
Penal I nt er est Amount at t he penal i nt er est rat e as det ermi ned by t he
Fi nanci er dependi ng upon t he per i od of s uch def aul t , whet her f unds are
f i nal l y set t l ed on M1 pl at f orm or out s i de however t he maxi mum
c. The Fi nancer her eby acknowl edges and under t akes t hat t he M1 i s
penal
a
i nt er est rat e s hal l not exceed 2% per mont h.
s o f t war e b a s e d p l a t f o r m f o r e x e c u t i o n o f Tr a n s a c t i o n wi t
h
Suppl i er s/ Buyer s. Ther ef or e, t he Fi nanci er agr ees t o ent er t he Tr ans act i
on
at t hei r sol e r i sk. The Company i s not r esponsi bl e f or any def aul t s
c ommi t t ed by Buy er and t he same woul d be set t l ed by Fi nanci er di r ect
d. The Fi nanci er her eby acknowl edges and under t akes t hat i t has wai ved i t
ly
s
wi t h t he Buy er and s hal l be out si de t he pur vi ew of t he Company.
r ecour ses t owar ds t he Suppl i er under any Appl i cabl e Laws , f or r ecover i
ng
any money i n r espect of a Fac t ori ng Uni t of t he Suppl i er, whi ch i s / s hal
l
be di s count ed by t he Fi nanci er on t he M1 apar t f rom t he except i
e. The Fi nanci er her eby acknowl edges and under t akes t o pay t he Company,
ons
t he r espect i ve f ee and t he Co mmi s s i on, as agr eed under t he Mast
st i pul at ed t her ei n.
er
Agr eement ent er ed wi t h t he Company. Fi nanci er agr ees t o abi de by al l t
he
tf .erms
The and condier
Fi nanci t i her
ons eby
under Mast er
acknowl Agr and
edges eement .
under t akes t hat on accept ance of
a Bi d i n r espect of a Fac t ori ng Uni t , s uch Fac t ori ng Uni t wi l l be mar
ked
as “Fi nanced” and t he Fi nanci er s hal l not be ent i t l ed t o r esci nd or voi
d
t he Bi d t her ei n.

g. The Fi nanci er her eby acknowl edges and under t akes t hat any act i on t
aken
on t he M1 af t er l oggi ng ont o t he Websi t e by usi ng t he Fi nanci er’ s Logi
n
s hal l be deemed t o be t he act s of t he Fi nanci er al one and t he Fi nanci
er
sol el y s hal l be r esponsi bl e f or same. The Fi nanci er s hal l f ul l y i ndemni f
h. The Fi nanci er her eby acknowl edges t hat t he under t aki ngs , covenant s
y
and
and hol d t he Company har ml ess i n r espect of t he same.
acknowl edgement s gr ant ed her ei n s hal l not onl y be avai l abl e f or benef i t
and rel i ance of t he Company but al s o deemed t o have been made and rel i ed
upon by each Suppl i er and Buy er who under t ake any act i on on t he M1 i
n
rel at i on t o a Fac t ori ng Uni t appr oved by t he Buyer . The Fi nanci er
aut hor i zes t he Company t o pr ovi de document at i on as r ecei ved by t he
Company
f rom t he Fi nanci er t o t he Buyer / Suppl i er wi t hout f urt her not i f i cat i on
Any capi t al i zed t erms us ed and not def i ned her ei n s hal l have t he
or
same
cons ent t o t he Fi nanci er.
meani ng as ascr i bed t o s uch t erms i n t he Mast er Agr eement .