01. Powerline Construction - Murabaha PF

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    INTER OFFICE MEMO

    Date:  August 27, 2015

    To:  Ahmed Ali Siddiqui, Head of PDSC, H.O, Karahi.

    From: !a""a# Ahmad $%elatio&shi' Offier( ) *alha +aqar $PDSC(

    Branch: ahore +est %egio&

    Subject: Proess !lo- for oal ura/aha A/C Powerlne Con!tructon Com"an# $P%t&' (t)

    )s Po-erli&e Co&strutio& Com'a&" $Pt.( imited is e&gaged as a o&trator for o&strutio& of iil,eletrial meha&ial -ors a&d has /ee& e&gaged i& the field si&e 134. A -ide ra&ge of ra-materials is used i& iil a&d meha&ial o&strutio&. *he follo-i&g 'roess flo- -ill /e follo-ed toe6eute oal ura/aha tra&satio&s for 'urhase of steel items eme&t from multi'le loalsu''liers)ma&ufaturers.

    *u!t+caton +or not obtann, n%oce! n the name o+ Mee-an Ban.:

    Si&e the ustomer is ati&g as our u&dislosed age&t su''liers hae reseratio& due to sales ta6issue, i&oies a&&ot /e o/tai&ed i& the &ame of ee#a& a&.

    Im"ortant:

    1. Pa"me&ts of 'reious de/ts)ura/aha Outsta&di&g is NOT  allo-ed through this ura/ahafailit" a&d it is o&l" for the fresh 'urhases.

    2. *his 'roess flo- is 're'ared /ased u'o& the i&formatio& 'roided /" /ra&h a&d if a&" of   the'roedures me&tio&ed i& the 'roess flo- are)/eome u&'ratial due to a&" reaso&, ustomer must o&e" it to the /ra&h a&d /ra&h must see guida&e from PDSC.

    8. Customer must sig& a&d stam' oer all the 'urhase eide&es 'roided to a&.. Photogra'hs of goods must /e attahed -ith Ph"sial 9&s'etio& re'ort.5. All the tra&satio& doume&ts must /e su/mitted to CAD -ithi& &e6t da" of their reei't from

    ustomer.

    PROCESS F(O FOR CREDIT PA0MENT

    1.  After &eessar" Credit a&d Shariah a''roals, a&d the M/S& Powerlne Con!tructonCom"an# $P%t&' (mte) -ill e&ter i&to !A a&d Age&" Agreeme&t $:ersio& 8.0( listi&g the assetsto /e 'roured.

    2. *he ra&h % -ill eduate the ustomer a/out the ura/aha 'roess a&d es'eiall" a/out theim'orta&e of sig&i&g the Delaratio& a&d ura/aha Co&trat /efore o&sum'tio& of the 'urhaseditems, a&d a/out the &eed for stori&g the goods 'urhased for !e"aratel#  from the stosalread" aaila/le -ith the ustomer.

    3. ;'o& requireme&t for the 'urhase of assets, the ustomer must &egotiate a deal -ith the su''lier asa& age&t of the /a&, a&d must su/mit a& Or)er Form to the /a&. Order !orm must /e 'roided

    be+ore/alon, wth 'lai&g order -ith the su''lier.

    4.  As 'er the Order !orm, -ill mae 1223 Drect Pa#ment  i& the form o+ Pa# Or)er/Cro!!Che4ue! $A/C Pa#ee Onl#( ia the ustomer

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    &. *he Mnmum In%entor# 7ol)n, Pero) of the lie&t is 8 )a#! i& ase of eme&t a&d 1 wee. i&ase of steel. 7owe%er , i& the rare ase of sudde& dra-i&g do-& of stos $ +or cement(, theustomer has assured that the" shall &ot 'roess the goods /efore the sig&i&g of Delaratio& !orma&d ura/aha Co&trat.

    Metho) o+ 9oo)! I)ent+caton:

    ;'o& reei't, cement  -ill /e ide&tified /" se'arate 'laeme&t i& Cement  Ba,!, a&d steel /"'laeme&t i& 'iles of !teel/ron  bar! etc. Customer -ill store the goods i& o'e& s'ae i& loalit" of o&strutio& 'ro=ets.

    '. ;'o& arrial, the ustomer -ill i&form a/out the reei't of goods through Declaraton Formmme)atel# $wthn net )a# o+ rece"t' a&d /efore o&sum'tio&, alo&g -ith a&" >oods %eei't?ide&e $In%entor# Stoc. Re,!ter' a&d Purhase ?ide&e suh as $In%oce! a&d)or Bult#(. $A.uilt" -ill /e aaila/le o&l" if goods are deliered from other ities. B. 9& ase i&oies are &otaaila/le at the time of delier", >ood %eei't ?ide&e alo&g -ith the &ame of su''lier a&d amou&tof 'urhase -ill /e tae& o& com"an# letter hea)@ ho-eer 9&oies -ill /e tae& as soo& as the"are reeied(. At the same time the ustomer -ill offer to 'urhase the goods from ia aMurabaha Contract.

    . 9& ase of Partial Delieries, se'arate 'artial Delaratio& !orm ura/aha Co&trat must /ee6euted immediatel" o& the same da" for eah delier" tre&h $as me&tio&ed a/oe(.

    . *o e&sure that the goods are &ot sold or 'roessed /efore sig&i&g of Murabaha Contract, goods are'laed i& a& ide&tifia/le ma&&er so that the Branch RM or o&e of his Assista&ts a& o&dut aPh#!cal In!"ecton i& at least  ;23 of the tra&satio&s. 7owe%er , -he& sudde& dra-do-& of eme&t stos is a&tii'ated, /ra&h a&d ustomer -ill oordi&ate to arra&ge for Ph"sial 9&s'etio&i& each !uch ase. *ele'ho&i Co&firmatio& $of the same( -ill /e do&e i& remai&i&g ases a&d aisit)Co&firmatio& re'ort as 'er PDSC Polc# 65

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    ?:P, PDSC

    *Note: This approval is subject to customer’s acceptance of the terms and conditions of the process flow. CAD must ensure

    customer’s acceptance before disbursement. Any deviations from the above will only be approved by PDSC.

    M/s. Powerline Construction Company (Pvt) LimitedLaore!"est #e$ion Pa$e 3 o% 2