PROFILE OF INTIS AUCTIONS PRIVATE LIMITED M/s INTIS AUCTIONS PRIVATE LIMITED. is one of the leading engineering auctioneers and business consulting firms in India. Intis owns the website *****, thru which all the disposal auction of Intis are carried out. VISION Statement � �To be the No.1 Asset Disposal Auctioneer in India� MISSION Statement � �Provide the Best Disposal Solutions for all Industries� INTIS is head quartered in Chennai, with various business associations across major locations in India. The INTIS Management Team is very strong & highly experienced in areas of Auctions and Engineering. INTIS focuses on increasing the effectiveness & efficiency of asset disposal processes across industries. Mainly five categories are covered 1. Plant Machinery 2. Industrial Scrap 3. Business Surplus/Excess Inventory 4. Captive Power Plants 5. Construction & Mining Equipments INTIS SERVICES OFFERED I. Disposal Auctions The following are the auction services we offer. 1. ONLINE B2B AUCTION with �Fixed Base Price�(FBP) 2. ONLINE B2B AUCTION with �Zero Start Price�(ZSP) 3. ONLINE B2B AUCTION with �Reserve Base Price�(RBP) 4. OFFLINE B2B OPEN AUCTION with �Fixed Base Price�(OFBP) 5. OFFLINE B2B OPEN AUCTION with �Reserve Base Price�(ORBP) 6. NEGOTIATED SALES/BULK DEALS 7. PREMIUM AUCTIONS II. Sourcing Auctions Reverse Auctions - INTIS Sourcing Auctions is also called as reverse auctions. Wherein, by every bid the pricing of the product comes down. The lowest bid wins the auctions. In this type of auction the winner is the supplier and the client is the buyer. The winner gets the right to supply the winning product to the buyer at the agreed terms & conditions. Sourcing supply is one of the key areas, were an organization can reduce their cost. III. Surplus Inventory INTIS also serves as a marketplace where professional business buyers can source commercial surplus inventory in an online environment. Bulk lots are sold