The Lure of Diamonds is a historic inheritance of the present generations on one side, while it's affordability has always been question ever since then with only Nawabs" and Bigwigs" able to possess them. In the modern times, when the world entered in to new millenium the company's brand "KANAK'S" in the jewellery segment is a fast growing brand for the finest crafted gold and diamond studded jewellery with precious, semi precious stone. Understanding the choice of new generation looking for quality studded jewellery at an affordable prices is the motive of the Kanak's. Kanak's has a fine and large range of contemporary designs and jewellery consisting of Rings, Ear-rings, Pendants, Halfsets, Bracelets, Men's wear jewellery to match the needs of all segments of buyers, corporate With an idea of extending its market share the company has come out with a unique no risk proposition & wishes to appoint the stockiest/franchisees who have the capability to make sale. Thus he /she would be self employed. The terms & conditions are detailed in the annexure which should be ready carefully before any commitment. While the minimum amount of deposit required to become the stockiest would be Rs. 2.00 Lacs, generally it is advisable to plan a targeted investment of around Rs. 3.50 Lac which would enable the stockiest to keep various varieties. For any other information required, Please Contact on Phone no: 2823090/2844934 to Mr. Madhusudan. Devidutta. Bajaj or Rohit Arunkumar Bajaj
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Any person desirous of becoming a stockiest has to submit his/her details in the enclosed application form. The principal terms and conditions are enumerated here below. KANAK'S reserves all rights of acceptance and rejection without assigning any reasons It is presumed that a person desirous of becoming the stockiest of KANAK'S has made his/her own assessment regarding sales, marketing and promotions that he/she may be able to achieve & for the purpose has understood and scheme of KANAK'S in details. Enrollment Procedure | ||||||
| 1) | If the applicant wishes to enroll in the scheme, he/she will have to make an application in the enclosed format together with the relevant documents. Applicant would also be required to submit his/her permanent Income Tax account number. | |||||
2) | Once the application received from the applicant for Stockiest is approved by KANAK'S, intimation would be sent to him/her either through phone or by letter. | |||||
3) | Immediately on receipt of the intimation the Stockiest would then be required to place with KANAK'S the deposit amount as mentioned in the application form payable at Mumbai | |||||
4) | Upon the clearance of the deposit amount KANAK'S would allocate a stockist's code. | |||||
| 5) | KANAK'S in turn would give the Jewellery worth the amount of deposit so placed by the applicant as a stockiest . | |||||
| 6) | The stockiest is now ready to start marketing the product. | |||||
| POST STOCKIEST ARRANGEMENT: | ||||||
| A stockiest will be eligible to get replenishments of the materials on a monthly basis in the following manner: | ||||||
| (a) | Replenishment against sold stocks: By paying for the fresh stocks. | |||||
| (b) | Roll over of unsold stocks: Roll over the unsold products by exchange will be permitted on a monthly basis, subject to the overall stock value to remain within the initial deposit amount. | |||||
| (c) | Additional Stocks: If the stockiest wishes to increase his/her stock holding the same will be upon full payment of the incremental amount of stock and will be treated the sale to the stockiest at that time itself not having any forbearance to the deposit scheme. However if he/she desires to increase the holding through the Deposit scheme the terms and conditions as applicable under the deposit scheme will be applicable. | |||||
| (d) | Prohibitions: Stockiest will be strictly prohibited to make any amendments in the sale price of the products as mentioned by KANAK'S save and except taxes and levies. | |||||
| Terms & conditions | ||||||
| Sales & billing | ||||||
| 1) | All sales of the subject product made by the stockiest would be strictly on company's sales bill, which will be provided by KANAK'S only. | |||||
| 2) | Immediately on sales one copy of the bill will have to be forwarded by the stockiest to the address of the company (KANAK'S) . | |||||
| 3) | The stockiest would be required to send on a fortnightly basis the detailed statement of sales and stock holding duly authenticated. | |||||
| Delivery | ||||||
| 1) | Stockiest are advised to inspect the goods before taking the delivery. No claim would be entertained, once the goods leave our premises. | |||||
| 2) | The stockiest will have to make his own arrangement for the lifting the delivery of the goods and its safe transit including but not limited to the transit insurance | |||||
| Orders | ||||||
| 1) | Any order booked by the stockiest should be pre confirmed by us with regards to its cost, schedule of delivery and other finer details and should be backed by atleast 50% advance. The balance against delivery. | |||||
| 2) | The information of the orders so booked shall be promptly & accurately given to the company for necessary execution . | |||||
| 3) | The company can not be held responsible for and/or liable to any cost or damages for any delay in execution & supply for the reasons unforeseen. | |||||
| General | ||||||
| A. | The stockiest is generally expected that he/she would not indulge in or carryout the similar trade either on his/her own or on behalf of any company, or in any other name in the similar trade. | |||||
| B. | Any loss of product or damage to the product while handling and or when held by the stockiest shall be on the stockiest's account and the same would be treated as sales by KANAK'S . | |||||
| C. | Any discount offered by the stockiest would be on his/her account and would be deducted from his/her commission. | |||||
| D. | Show room cost of what so ever nature including the staff, day to expenditure and monthly out goings would be on stockiest account. | |||||
| E. | All Insurance charges will be borne by stockiest on his account. | |||||
| TARGETS AND CONSIDERATIONS: | ||||||
| TARGETS | ||||||
| Stockiest would be required to compulsory make a minimum annual sales equivalent to 4 times (FOUR TIMES) the deposit placed. | ||||||
| CONSIDERATIONS: | ||||||
| (A) | CASE-I | |||||
| If the stockiest is able to achieve the turnover above the minimum stipulated turnover he/she will get: | ||||||
| (a) | Simple interest @ 9% p.a.on deposit calculated at annual rate. | |||||
| (b) | A commission @ 5% on the sales turnover made upto a turnover of 4 times deposit. | |||||
| (c) | Additional commission @ 1% on incremental sales turnover exceeding a turnover of 4 times deposit. | |||||
| (d) | A special incentive @ 3% of the deposit amount if the sales turnover crosses 12 times of deposit. | |||||
| (B) CASE-II | ||||||
| If the stockiest is not able to achieve the turnover above the minimum stipulated turnover he/she will get:- | ||||||
| (a) | A commission @ 5% on the sales turnover actually made | |||||
| (b) | No Interest would be payable on deposit amount. | |||||
| Mode of Payment | ||||||
| A. | Commission would be calculated after deducting all taxes and levies of any type | |||||
| B. | All commission shall be payable on the quarterly bases and the same shall be subject to tax deducted at source (TDS) at rates as may be applicable from time to time. | |||||
| C. | All remittances to KANAK,'s would be at the cost of the stockiest only. All delivery/exchange will be borne by the stockiest on his account. | |||||
| EXHIBITIONS & EVENTS | ||||||
| In case during the continence of the arrangements if the stockiest invites KANAK's to do or participate in an exhibition, sale at such exhibition will be treated as sales on Stockiest account. The expenses at such exhibition including all local expenses would be on stockiest account which would also include: | ||||||
| 1. | The cost of the Venue/Hall | ||||
| 2. | The Lighting and decoration | |||||
| 3. | Furniture | |||||
| 4. | Distribution of invitation cards | |||||
| 5. | Following up of invitation by various means | |||||
| 6. | All media and advertisement & publicity cost | |||||
| 7. | Distribution of pamphlets | |||||
| 8. | Cost of stay duration of the representative of KANAK's | |||||
| 9. | In case of minimum guaranteed sales of Rs.2.00 lacs is achieved during the exhibition, the clause no.8 would not be applicable. | |||||
| 10 | All discount/commission offered by the stockies | |||||
| The period, time and date of exhibitions should be confirmed by the stockiest in advance with KANAK's before scheduling the same. | ||||||
| KANAK'S warranties manufacturing defects of its products and under takes to repair/replace, as the case may require at their desecration, whenever brought to their notice. | ||||||
OPTING OUT: | ||||||
| On completion of one year, KANAK'S would bill on the stockiest for the stock lying with him/her and the said amount would be adjusted from the deposit so placed. However if the stockiest is desirous of continuing the arrangement the same would be dealt at that particular time. KANAK'S reserves all rights in this regard and all its decision would be final and binding on the stockiest. | ||||||
| No Interest would be payable on deposit if the stockiest opts for early termination. | ||||||
| The said deposit so placed will thus be adjusted and residual balance if any, shall be refunded to the stockiest. | ||||||
| The stockiest would be required to sign all papers and documents in the format that may be required by KANAK'S and the same shall be binding on him/her. | ||||||
| Minimum
shipment lot Rs. 1.5 lac Minimum interval for replanishment 1 month Additional stocks can be lifted any time against payment | ||||||
| Dealersship is subject to his /her guaranteeing minimum monthly sale | ||||||
| Suppose dealer guarantees a minimum monthly sale of Rs. 50000/- | ||||||
| Then dealer will be subject to the following:- | ||||||
| He will be given a stock of Rs. 1 lac against full deposit At a monthly interval he will be replanished stock of 50000/- The balance 50000/- will be assumed as his sales & according the dealer will need to pay. | ||||||
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