-N

JolNT-STocK NY
"KALUGA PLANT F TRACK MACHINES

r. rd Khemka

AND HYDRAULIC DRIVES)

(JSc "KALUGAPUTMASH")
Lenin str., 23, Kaluga, Russia, 24801,
Phone

5il2-50,

fax 55-05-45,

E-mail: kpm@kalugaputmash.ru,
http ://wwrv. kalugaputmash.ru

00210795
./

5,-zz. tr-/?#
Udr

No.

-j - -r

dated

Dr, Sirs,
Topic: Payment under the Contract No. 75197-0-04l|
Rfr: letter /20 1 5 1 6/Contract/03

As of 17.08,2015 JSC "KalugaPutMashn', fr the purposes of this Contract N.75l97-0-04l|1

dated

fulfilled obligations on supply of spare parts in the total amount of 50, 370.31 ur.
the Letter /2015 16/Contract/03 you have firmd the size f debt to JSC "KalugaPutMash"
in the amount of 50, 370.31ur, and calculation of deductions (withholdings) has been issued.
JSC "KalugaPutMash" has not agreed with the given calculation of deductions (withholdings) under
the following grounds:
29.,20 1 has

DEDUCTIONS (WITHHOLDINGS)

Supply ofspare parts according

to the Annex No.3

19,

In youT letter KTC/201-15/ContTac0l

647.|

request fr deduction is not iristified

you have confiTmed this debt; the

Er,rro
2,

Goods not accepted Division

of Railroad commission

10,

215,00

ur

Goods not supplied JSC

"KalugaPutMash" for units

"lN.
4.

01

960.00

ur

65-46-05 1 0- 1444

Losses dr transactions due to

changes in exchange rt at the
date of the offeT based on us

6,0|2.26

Guarantee deposit to

3,970.90

ur

dollar, and the date ofsupply

based on ur.

5.

6.

,7,

withheld Division of
Railroad commission in the

ur

mut of 290, 987.70 rupees

fr -rfrm of the
contract
Short received spare parts

2,430.00

Annex No. 4

Euro

Services to paid dr the

Invoice No. 04,05,0 7 0'7
April, , Ju and July 2014

8,

426.00
ur

As we h already notired (letter No. 75l'728 dated 25.03.15), supply of

this Good will . fully completed within the contract terms. JSC
"KalugaPutMash" has no legal relationships with Division of Railroad
Commission of India; it is r field of responsibility. The rqst fr
deduction is not istified.
These Goods only in the mut of 720.00 ur have not been supplied
to your address, however JSC "KalugaPutMash" has issued ithr
invoice, r rqst for payment, accordingly, the rqust for deduction
is not iustified.
We inform again that all annexes hereto wr made in ur. They are
signed from your side and in this event "changes in exchange rate at the

date ofoffer based on US dollaT and at the date ofsupple based on EuTo"
is inappropriate and logally incorrect. The request fr deduction is not
iustified.
In this case it is not understood, but we should note that Jsc
"KalugaPutMash" has legal relationships with Division of Railroad'
Commission of India; it is your fie!( of Tesponsibility. The request fr
dedfiction is t iustified. ., :"i: ]

The given spare parts were shipped to r address in 2012. All

confirming documents were sent to uI address. We r wondered that
after 2 years from the date oftheir supply; you consider these spare parts
as shrt supplied. The rqst fr deduction is not istified.
At the time being, we do not understand which services r meant, as you
have t rid reporting documents on provision ofthese services,
there are no works completion act, At the time beins. the rqst fr

deduction is not iustified.

US dollars equal
to 8,426.00 r (9, 686,00 US
.g. 9, 86.00

dollars 0.870000 = 8, 426.00

Euro

has
Moreover, the letter No.7 51128 dated 25.03.15 the supposed debt repayment schedule
Sent to u:

- t9,

64'1.3t ur within the trm

till ,o.ou.ror' (as you

Suppose

in r

letter /201-

1S/Contract/O1).

- 28,29,0 Euro within the term till 30,0&2015,

for the possibilityto sign
- 2, 430.00 ur within the trm till 30.09.2015, as well as t was firmgd
.'KalugaPutMash" for settlement of all matters colmected with rfrm
*., of attorney from JSC
of the contract No.75197-03-04/1

1 .

"KalugaPutMash"
Having regard to the foregoing and for avoidance of legal proceedings, JSC
the contractual
for

provided
considers that that the above reports provided u r unjustified,
payment
for spare
on
obligations and propose you the terrn till 20.09.2015 to fulfill your obligations
partJsupplied irr fuil rd with the Contract No.75l97-03-04/1t,

With regard,
Director Grl

.V. tr

::,' 9