Online EMD Management Bidder Manual of

metaljunction/valuejunction Version 2

mjunction services ltd.

6/26/2015

Content:

SECTION-A: How you can view your ledger balance online.

SECTION-B: How to self-attach to an auction if you want to participate in the same.

SECTION-C: How to apply for refund online.

SECTION-D: How to deposit EMD in the name of metaljunction under the new system in your “Virtual Account”.

For assistance please contact:

1. Toll Free No: 180041920001

2. Write to enquiry@mjunction.in

3. You may also refer to the Online EMD Management Bidder Manual (audio/visual) available in

www.metaljunction.com> Click on Login>Auction Login>Required Auction Training? Click Here>Online EMD

4. Refer to the FAQ document available to resolve your queries.

1

Online EMD Management

SECTION-A: How to view my online Ledger

Log in to www.metaljunction.com with your

User id and Password

Online EMD Management User Manual,

FAQ and Points to Remember Document is

available here online.

Practice Self Attachment in

Demo Auction online here

2

Now Click on “General”

For self-attaching to auction click on the

Self-Attachment tab

Always check your Ledger Balance before

Self Attachment

If you click on the “General” tab you will

be able to view three sub-menu, i.e.

1. Debar

2. View Ledger

3. EMD Refund

Two new tabs have been introduced: 1. Self-attachment & 2. General

Click on “Debar” to

check your Debarred

status means where

you are not allowed to

participate

Click on “View Ledger”

to check your Ledger

balance

Click on “EMD Refund”

to apply for refund

online

3

Now Click on “View Ledger”

To view the Free Pool - select the Date Range during which you want to view the transactions in the ledger

Then click on “Search”

“Free Pool”-Status of Money

deposited by you in your virtual account

can be viewed here 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

“EMD Blocked against auction”-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.

“Client Specific EMD”-All Permanent

EMD given by you in the name of MJ/Client

can be viewed here after self- attachment.

How to View the “Free Pool” Ledger?

4

Your ledger details (debit

and credit details) as per

your selected date range is

viewed here.

Current Balance means the free balance

available which you can use to self-

attach to participate in auction where

EMD is in the name of MJ

To view the “EMD Blocked against auction

Pool” first select the Client name from the

Drop-down list in the Sub-Organization

option, against which you want to view your

Ledger

You can also select the EMD

Category name from the

Drop-down list in the EMD

Category option, for which

you want to view the Ledger

After selecting Sub-Organization,

EMD Category & Date range:

Click on “Search” button

How to view the “EMD Blocked against auction Pool”

Select the Date Range during which you want

to view the transactions in the ledger

5

You can view your online ledger

balance in the “EMD Blocked

against auction Pool” as per your

selection

How to view the “Client Specific EMD Pool”

To view the “Client Specific EMD Pool” first

select the Client name from the Drop-down

list in the Sub-Organization option, against

which you want to view your Ledger You can also select the EMD

Category name from the

Drop-down list in the EMD

Category option, for which

you want to view the Ledger

After selecting Sub-Organization,

EMD Category & Date range :

Click on “Search” button

Select the Date Range during which you want

to view the transactions in the ledger

6

Current Balance means the Permanent EMD

which is locked against a Client/Product Category

You can view your online ledger

balance in the Client Specific

EMD Pool as per your selection

7

SECTION-B: How to self-attach to an auction

Some points to remember 1. Self-attachment to auction can be done as soon as the catalogue is available on the website.

2. Once attached, Permanent EMD bidders will not have to self- attach themselves to auction (of that Client/product category)

as long as the Permanent EMD is available in the name of mj/Client.

3. If bidder gives Permanent EMD in the name of mj for the first time, he has to self-attach himself to the interested Client/Client-Category auction for the first time. From next time you will automatically get attached to that particular Client/Client Category auction.

4. When a catalogue is revised – For Lot-wise, Catalogue-wise & Group-wise EMD cases, you have to re-attach

yourself to auction for every revision of catalogue.

5. While selecting the catalogue or the lots for self-attachment, be careful to select the correct lot/group where

you are interested to bid. Once you have self-attached to a lot/group/catalogue you cannot detach as the

money will get blocked.

6. Bidders debarred from participating in any Client’s auctions/Client product category auction will not be able to self- attach

themselves and hence cannot participate in that particular Client’s auctions/that particular Client product category auction.

7. If you have self-attached yourself with EMD in the name of mj to an auction where the EMD is auction specific (catalogue-

wise/group-wise/lot-wise) this money can be viewed as EMD Blocked against auction Pool.

a) If you are not H1 in the auction, your EMD will automatically return to the Free Pool after the auction is closed.

You can then use that money in any other Client auction where EMD is in the name of mj through self-attachment

in the new auction.

b) If you are H1 in the auction, your EMD will be blocked till such time auction results are declared. In case your lots

are not approved the EMD money will automatically return to the Free Pool. Your money is then free to use in any

other Client auction where EMD is in the name of mj through self-allocation in the new auction.

c) If you are H1 in the auction, your EMD will be blocked till such time auction results are declared. In case your lots

are approved the EMD money will be treated as per the Terms and Conditions of the Catalogue.

8

Steps for “Self Attachment”

Select the catalogue

in which you want

to participate from

the list by clicking

the radio button

and then Click on

“Continue”

After checking the money available in your ledger click on the Self

Attachment tab to attach yourself to the auction by allocating EMD to

catalogue

You can type the Client name in the

“Search option” to view the open

catalogues of that particular client

only

All the Open catalogues will be shown

1

3

2

*You can check the

Lots of the selected

catalogue by clicking

on the name of the

catalogue*

9

You may select Permanent EMD (if applicable to that particular auction)

Here you will see the EMD rule applicable for the auction that

you have selected and want to participate.

Select the type of EMD (either Permanent/Catalogue/Group/Lot-wise) you want to pay for the auction by clicking on the radio button and then click on Continue.

To pay Permanent EMD in the

name of MJ for an auction click

on the radio button against

Permanent and then click on

Continue.

If you are already a Permanent

EMD customer of one client (for

all items) you do not have to

self-attach to that client’s

auction, till such time your EMD

is available in Client Specific

EMD Pool. You have to only

accept the Terms & Conditions

after selecting the catalogue.

You can check for the status of

the Permanent EMD from the

Client Specific EMD Pool

Note

Permanent EMD already paid to a Client

in Client’s name will be updated in your

Client Specific EMD Pool Ledger.

If you are already a Permanent EMD

customer of one client (for all items) you

do not have to self-attach to that client’s

auction, till such time your EMD is

available in Client Specific EMD Pool.

You have to only accept the Terms &

Conditions after selecting the catalogue.

You can check for the status of the

Permanent EMD from the Client Specific

EMD Pool

If you are already a Permanent EMD

customer of a client (for a single item)

you do not have to self-attach to that

client’s auction for that single item till

such time your EMD is available in Client

Specific EMD Pool. You have to only

accept the Terms & Conditions after

selecting the catalogue.

4

5

10

For Catalogue-wise EMD (if applicable to that particular auction)

Click on Continue after clicking on

the Check box

6

7

To pay Catalogue-Wise EMD in the name of MJ for

a specific auction click on the radio button against

Catalogue-Wise and then click on Continue.

Catalogue-wise EMD is auction specific which will

be blocked and cannot be utilized if you are H1 even

in one lot of that particular auction, till such time

auction results of your H1 lots are declared.

For H1 bidder’s whose lot/s has been approved,

the Catalogue-wise EMD paid will be blocked and

will be treated as per the Terms & Conditions in the

catalogue. The EMD status can be checked from the

Blocked against auction Pool.

If you are Non-H1 or all your H1 lots got rejected

then your Catalogue-wise EMD will be released and

the money will get credited to Free Pool after the

closure of the catalogue. The EMD status can be

checked from the Free Pool.

5

4

Note

Catalogue-Wise EMD paid to

Client in Client’s name will be

updated in your Client Specific

EMD Pool Ledger.

At the time of auction it will be

blocked and the status can be

checked from the “Blocked against

auction Pool”.

But after the auction both H1 and

Non-H1 Catalogue-Wise EMD

(paid to the Client) status will be

shown as Released in “Blocked

against auction Pool”.

*Always check the Lots of the selected catalogue by

clicking on the hyperlink under Description*

11

7

6

Select the Catalogue where you

want to participate and click on

Continue

*Always check the Lots of the selected catalogue by

clicking on the hyperlink under Description*

12

For Group-wise EMD (if applicable to that particular auction)

To pay Group-Wise EMD in the name of MJ for a

specific auction click on the radio button against

Group-Wise and then click on Continue.

Group-wise EMD is auction specific which will be

blocked and cannot be utilized if you are H1 even in

one lot of that particular group, till such time

auction results of that particular group is declared.

For H1 bidder’s whose lot/s has been approved, the

Group-wise EMD paid will be blocked and will be

treated as per the Terms & Conditions in the

catalogue. The EMD status can be checked from the

Blocked against auction Pool.

If you are Non-H1 or all your H1 lots got rejected of

that particular group then your Group-wise EMD

will be released and get credited to Free Pool after

the closure of the catalogue. The EMD status can be

checked from the Free Pool.

Note

Group-Wise EMD paid to Client in

Client’s name will be updated in

your Client Specific EMD Pool

Ledger.

At the time of auction it will be

blocked and the status can be

checked from the “Blocked against

auction Pool”.

But after the auction both H1 and

Non-H1 Group-Wise EMD (paid to

the Client) status will be shown as

Released in “Blocked against

auction Pool”.

5

4

Select the EMD type with which

you want to participate and click

on Continue

13

For Lot-wise EMD (if applicable to that particular auction)

To pay Lot-Wise EMD in the name of MJ for a

specific auction click on the radio button against

Lot-Wise and then click on Continue.

Lot-wise EMD is auction specific which will be

blocked and cannot be utilized if you are H1, till

such time auction results of that particular lot is

declared.

For H1 bidder’s whose lot/s has been approved,

the Lot-wise EMD paid will be blocked and will be

treated as per the Terms & Conditions in the

catalogue. The EMD status can be checked from

the Blocked against auction Pool.

If you are Non-H1/your H1 lot got rejected then

your Lot-wise EMD will be released and get

credited to Free Pool after the closure of the

catalogue. The EMD status can be checked from

the Free Pool.

5

4

Select the Lots where you want to

participate and click on Continue

6

7

Note

Lot-Wise EMD paid to Client in

Client’s name will be updated in

your Client Specific EMD Pool

Ledger.

At the time of auction it will be

blocked and the status can be

checked from the “Blocked against

auction Pool”.

But after the auction both H1 and

Non-H1 Lot-Wise EMD (paid to the

Client) status will be shown as

Released in “Blocked against

auction Pool”.

14

Click on the checkbox and then click on Add.

Always read the Terms and Conditions of the

Catalogue before clicking on Add.

8 9

If your self-attachment has failed

you will be shown the message

Error and reason for failure.

15

If your self-attachment is

successful you will be shown the

message Success

This sign indicates that you are Not-

attached to this catalogue

This sign means that you have been

successfully attached to this catalogue

This sign indicates that you have been

Partially-attached (not attached to all lots)

of this catalogue. You may check for

correctness of your attachment

How to check if I have correctly attached myself to auction

16

How to apply - Online EMD refund

Click on EMD refund after clicking

on General

Click on “Free Pool” for applying refund of Free balance

Refund can be applied for “Free Pool” & “Client Specific EMD Pool”

Select the radio button and click on Apply Refund

Initiated Refund amount means: The

amount which has been processed but

yet to be refunded

17

Insert the amount which

you want to take refund

Insert the reason for

applying refund and then

click on Apply

You will get the message of

successfully applying EMD

Refund request with a code

for future reference.

18

Click on “Client Specific EMD Pool” for applying

refund of Client Permanent EMD

Select the radio button for which you want to

apply refund and click on Apply Refund

Initiated Refund

amount means: The

amount which has been

processed but yet to be

refunded

Amount will be

automatically inserted by

the system which cannot

be partially claimed/

changed

Insert the reason for

applying refund and then

click on Apply

19

You will get the message of

successfully applying EMD

Refund request with a code

for future reference.

20

How do I deposit EMD in the name of metaljunction

For all auctions scheduled from 1st July 2015 onwards, EMD in the name of mj has to be paid in your Virtual Account

only. Money deposited to any other account will not be accepted.

What is Virtual account?

A virtual bank account is a type of ‘free’ bank account that exists online only. You unique virtual account is an alpha

numeric code consisting of 13 characters.

Your unique “virtual account number” is a combination of the mj’ SAP code along with the 7 digit bidder SAP ID and can

be used as your reference for all subsequent transactions.

What do you need to do?

Your virtual account number is visible under “Profile” section (shown above) after you log into metaljunction’s

portal with your user id and password.

You need to keep a note of your virtual account number. Maintaining the confidentiality of your virtual account

number is your responsibility.

If you want to deposit EMD in the name of metaljunction, it has to be paid to your virtual account through RTGS,

NEFT & fund transfer.

The virtual account number also needs to be mentioned in EMD refund requests

You need to mention the following while paying EMD to mj through your virtual account.

Click on Profile to view your

“Virtual Account” details

Go to “Welcome…….” on the

top right side of your screen

Your “Virtual Account”

number

21 Virtual Account No/Bidder ID: MJ8888 (MJ’s SAP Code as prefix) + 7 digits Bidder SAP ID

Beneficiary Name : MJUNCTION SERVICES LIMITED STEEL DIVISION

Bank Name : HDFC BANK LTD

Branch Name : Sandoz Branch, Mumbai

IFSC Code : HDFC0000240

How will you benefit from this system?

Easy identification & accounting of EMD credits with lesser manual intervention.

Faster refunds

Funds are returned immediately in case of mismatch or errors