Terms & Conditions For Stockistship

 

 

 


The general terms, conditions and guide lines governing the business relations between Imis Pharmaceuticals Pvt.Ltd., Vijayawada (the company) and (Stockist) are as follows:

1. Discounts: Trade Discount @10% on the net value of goods and generally as per the company’s marketing policy as decided from time to time.

2. Area of operations District: You shall limit your sale to the area specified.

3. Co-ordinations: The stockist shall coordinate his distribution activities with the sales Team appointed by the Company for his area by actively liaising with them.

4. Deposit: A refundable deposit is required to be kept with the Company. This will be intimated at the time of acceptance of Stockist ship.

5. Stocks: The stockist is expected to maintain stock levels of various products of the company equivalent to 30 days sales or as advised by the Company from time to time to ensure smooth flow and availability in the market.

6. Monthly Returns: For effective marketing activity, the Stockist shall furnish monthly product wise stock and sales statement and / or any other statement as desired by the company.

7. Payments to the Company: Payments shall be made as follows:

Against DD/At par cheque – Applicable CD as per current policy
Through Bankers - 2% CD if delivery taken in 7 days

8. No cash dealing with staff: You are requested to deal with Company only with crossed cheques / DDs only. Do not pay cash to our staff. The Company shall not take any responsibility for losses of cash / missing amounts.

9. Supplies from IMSH / IBM: Indian Medicine Sales House and Imis Biomedics form a link in our supply chain to stockists. The terms and conditions given above are applicable in full letter and spirit, whenever supplies are made through these supply links as well as the company.

10. Additional Stockists: Distribution network is open stockist ship. The Company reserves the right to appoint any number of stockists in your area, in line with strategy of free availability of our product.

11. Returned Goods: Goods older than two years from date of manufacturing are not eligible for compensation. Reimbursement / replenishment will be made as per existing policy. Manager should certify returned goods.

12. Breakages: Breakages should be reported with 72 hours of receiving goods from Lorry transport office. The breakages should be certified by Transporter to avail full replacement.

13. Not with standing whatever said here unto, the policies are subject to change, if market condition so demand.

14. These terms are to be read in conjunction with the current Marketing Policy letter in force
 

 
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