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| POLICY | PRICE LIST | |
We require approved brand names and formulas from you in writing along with other documents as listed in list of documents. After finalization of the agreement. There are three phases of starting a marketed by set up:
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COSTING | ||
The costing of the products is worked out by the formula of costing as mentioned below:
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BATCHES | ||
| SMALL BATCHES: For small batches to the tune of 1.0 lacs in Non-Beta Lactum category, we work only on NETT RATES as per the list attached. For costly Anti-biotics we offer you smaller batches minimum of 0.25 lacs. LARGE BATCHES: For large batches to the tune of 5.0-10.0 lacs or above in Non-Beta Lactum category, we offer you an option to supply us the raw-material if the cost you can purchase at net rates as worked out by the job charges | ||
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MINIMUM BUSINESS ASSURANCE | ||
| The marketing company shall give a minimum business assurance of minimum Rs. 30 lacs per annum, if operating purchasing on nett rates. If there are larger batches involved with party supplying the raw-material, the minimum business assurance of job-work of Rs. 10.0 lacs per annum is required from the party. | ||
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PRINTED PACKAGING MATERIAL | ||
| The inventory of the Printed packaging matrerials viz Foils, Catrons, labels etc is pricipally borne by you, It can be worked out in two ways either you may supply through your own vendors or alternatively you can use our vendors for the purpose, the cost of the printed packaging material may or may not be taken in the costing of the product as the case may be. | ||
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SIZES | ||
| The sizes of different packaging materials shall be provided by us on request, along with samples of various types of packing in tablets & capsules available with us. | ||
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AGREEMENT | ||
| An agreement for contract manufacturing is entered with the marketing company for a period of three years, the Performa of which is made available at the time of finalization. | ||
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DELIVERY SCHEDULE | ||
| We require a systematic work schedule in advance, and we deliver the ordered goods within 15-21 days of receipt of confirmed order in writing accompanied by advance payment for the ordered goods. | ||
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PAYMENTS | ||
| For working on nett rates we shall require a written order with 50% advance and balance payment at the time of delivery. For working on Job charges, we require a written job order along with advance payment of 50% of job charges and balance at the time of delivery. | ||
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DOCUMENTS REQUIRED FOR 3rd PARTY MANUFACTURING
1. CONSTITUTION;
( Copy of Memorandum of Articles of Association in case of Pvt. Ltd or limited Company. Partnership deed/ Affidavit for proprietary in case of Partnership firm or Proprietorship firm.)
2. NAME , ADDRESS & TELEPHONES AND COPY OF PAN CARDS.
( Of all Directors, Partners or Proprietor both official and residential.)
3. COPY OF RESOLUTION FOR AUTHORISED SIGNATORY TO DEAL: ( For limited , private limited and partnership companies )
4. DRUGS LICENCES : (Attested copy of Drugs Licenses to be provided)
5. SALES TAX/ TIN REGISTRATION CERTIFICATES. (Attested copy of Sales tax Registration Certificate to be provided)
6. WORK ORDER: Complete with product formulas & quantities required, Nett rates and MRP
7. AGREEMENT FOR MANUFACTURING. (specimen attached below)
8. CERTIFICATE FOR NON RESEMBLANCE: ( Specimen attached below)
9. PROFILE: ( optional)
A brief about company, its promoters, turnover , Areas covered, Current businesses if any, Name of Bankers, preferred Transport and estimated business volumes etc
AGREEMENT
This agreement for manufacturing is made on 201 between M/s Radico Remedies through its authorized representative Mr. Vikramjeet Singh Sawhney s/o Dr. K.S.Sawhney r/o D-142, Bathla Aptts, I.P.Extn, Delhi-110092 hereinafter called as Manufacturer or the party of 1st part.
AND
Herein after called as the party of 2nd part.
Where as party of the first part is manufacturer of pharmaceutical products, the party of the 2nd part is engaged in marketing and distribution of the pharmaceutical products.
Now this agreement witneseth as under:
1. That it is agreed that the products with Brand Names listed in Certificate attached shall be marketed by the party of 2nd part and manufactured by the party of 1st part.
2. That It is agreed that the above trade-marks/Brands listed in Certificate are property of the party of 2nd part and do not resemble any existing product / trade name of any other company, also the designs on the product packing of the 2nd party products to be manufactured by the 1st party do not resemble any design, colour combination of any existing product of any company and that the party of 2nd part shall be solely responsible for the non-resemblence of trade name & its designs. Also the 2nd party indemnifies the 1st party for any dispute /claim if arisen out of any resemblance of its trade name with any other trade name/design and shall be solely responsible for claims/liabilities if any. 1st party and the 2nd party shall not adopt, whether during the term of this agreement, or any time after its expiry/ termination, thereof any symbol which is similar to the registered Trade mark/ Applied for that which could draw any reference to the said trade mark as to be likely to cause confusion or deception or detract from or adversely affect the rights of proprietor of the said trade marks.
3. It is agreed that the 1st party shall manufacture and supply the above products to the 2nd party at nett rates worked out by the agreed upon formula which shall contain the prevailing rates of active raw-materials, Excepients, testing charges plus any other material or miscellaneous expenses expended in the production and the manufacturing job charges.
4. The 2nd party shall give a pre-planned work schedule to the 1st party which shall be dispatched between 3-4 weeks. The 1st party shall send 50% advance along with each order and shall make the balance payments at the time of despatch. The cost of transportation of finished goods shall be borne by the 2nd party.
5. The 2nd party shall either supply all types of printed packaging materials to the 1st party or bear the Inventory Charges for packing material and also for any Raw Material which is not in regular use with 1st Party.
6. It is further agreed that the goods shall be billed at the prevailing Excise and Central Sales Tax rules which offer exemptions .It is further agreed that any liabilities/ Arrears/Claims of any Statutory Government Bodies viz Central Excise Deptt / Sales Tax Depts./ D.P.C.O. or any other Government Department arising out of the transaction between the parties shall be sole responsibility of the 2nd party during or after the expiry of this agreement, since the 1st party is charging only job charges and is not making any profit out of the sale of the products and all the profit is being taken by the 2nd party.
7. It is further agreed that the quality of the product shall be responsibility of the 1st party. The 2nd party shall provide the master formulas and the SOP for all its products duly received by the 1st party. The 1st party shall strictly adhere to the master formulas provided by the 2nd party in observation to the Drugs & Cosmetics Act and rules there under. The 1st party shall supply test-reports for the batches manufactured to the 2nd party on demand.
8. It is further agreed that the 1st party shall preserve the secrecy of business of the 2nd party and shall not divulge any information related to the products of 2nd party to anyone, in general the 1st party shall protect the interests of 2nd party in all ways whether or not specifically mentioned here in terms of market reputation and market competition.
9. This agreement is initially for three years and can be terminated by either of the parties by giving two month’s notice in writing. However without any dispute it is deemed to be renewed even after the end of the third year. During the pendency of this agreement the 2nd party shall not get the products manufactured with the 1st party from any other manufacturer.
10. It is agreed that both the parties shall be liable and responsible to complete the pending Statutory Governmental works of each other like Sales tax etc even after the contract has ended, the agreement is entered and signed in a very cordial spirit and if at all there arises a need to terminate this agreement it shall be in a brotherly and cordial manner.
11. The Force Majure Clause is applicable to this agreement.
ON LETTER HEAD OF MARKETING COMPANY
NON RESEMBLANCE CERTIFICATE
We certify that the following trade marks have been originally coined by us and do not resemble to any existing trade mark of other company , also the designs on the product packing do not resemble any design, colour combination of any existing product of any company and that the we shall be solely responsible for the non-resemblence of trade name & its designs.
We shall be solely responsible for any dispute/ claims/liabilities if any arising out of the use of our trademarks and we further indemnify M/s Radico Remedies, 123, Mandhala, Brotivala, Distt Solan for any dispute /claim if arisen out of any resemblance of its trade name with any other trade name/design and also undertake that we shall withdraw the product from the market and also withdraw the trade name if instructed by the State Drugs Controller Himachal Pradesh in this regard.
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Deponent
Verification:
The facts mentioned above are true to the best of my knowledge and belief and nothing has been concealed thereof.
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