Learn Tally ERP(ACCOUNT)

I am B.com  from Mumbai University, I join ICA for accounting Knowledge , because I don’t have too much Knowledge about accounting Packaged, I belong to middle family , how has live in Mumbai, in India. Ok I am going to tell you my day by day routing of my ICA classes, the classes was located in andheri east in Mumbai ,

And I also working in the CA firm as system auditors of Eleganza jewelry pvt ltd , the office located in Sipz in andheri east, Mumbai,

Today is 18^th Jan I get a salary of my first job , I very excited with my salary but it low ,it’s only INR 3,830 only, when I take a home to see the check amt to my big brother than, he has shocking , he said why you get paid only 3830 rather your salary is 5000, than I explain that in last month I take leave of 7 day , therefore I get a pid only 24 day salary after that he understand ,sorry for that I don’t introduce my big brother , he has regional manager in IRCTC and the post in Mumbai at Mumbai centre , it ‘s nature was so aggressive, I thought always he had generate wrong attitude regarding his status , because he get paid INR 59000 Per month , ok but he showing me I love you a lot of ,

ok when I asked her to join ICA for better job in  future , than he said ok you can join now but when Metter comes of money than he told me , when you get salary than you can join , I said no problem and today  I get salary of INR 3830 and the fee of ICA  is 15000 but you can pay in monthly installment , the main problem was the down payment was 6,500 only , so  I told my brother to give me extra 3000, than he said I will not going to give you extra 3000, you have to join than join in the next month , when you get second salary , after that I explain the benefit of ICA , I told to my brother one things when I get high salary than possibly  we  get extra income to help you to made big home , because my brother has dream , to purchase the big home in Mumbai city , Ofter a lot of argument he agree to pay me 3000  extra for join to the ICA , so finally I take admission in ICA, ok I going to tell you my day by what learn in ICA  

Today my first lecture in the class , I leave the office at 6.30 p.m  and the lecture timing is 7.30 p.m , taday  I get late , because of   to much traffic in the Mumbai, I like to tell you In my office to ICA has waking distance is only 40 minutes but taday the bus has take to reach in ICA about 1 hour , when I reach the ICA the lecture are running now , than I take sheet  and gived the introduction who I am , after the teacher are told me about the syllabus, it starting to teach me on basic of computer despite I kwon the basic of computer because I working on the computer last 2 year , so It’s nature I don’t require to learnt the basic computer , than I tell the teach I want start with  tally ERP ,the teacher are refuse me ,they told me the ica managemet told me to teach you first basic of computer you want to start with tally ERP than conted the management . than told him it’s fine , and the lecture of taday is finish , today only the introduction of each student, and I came to my home and I waiting on tomorrow, good night all of you  

Joint Venture Agreement

This is Format of
Joint Venture Agreement
if you any suggestion on that please feel free to post comment of that


Joint Venture Agreement

This agreement is entered between:

Mina International Ltd., a private company with limited liability incorporated under the Indian law having their registered office at  Add. Of Company

And

tina & Distribution  a   private liability with limited liability incorporated under the Italian law having their registered office at: ( Add.of com).

Whereas,meenais a well-known jewellery manufacturer, designer and exporter of jewellery to various markets in the U.S.A and Europe.

Whereas, TEENA is a worldwide renowned company in the jewellery business and in particular, specializing in the Italian market.

Whereas, “MEENA” on one hand and “TEENA” on the other (both hereinafter referred to as the “Parties”) intend to coorporate in the marketing ofmeenajewellery products in Italy.

It is hereby agreed by and between the “Parties” as follows:

TEENA’s commitments:

1.     It is hereby agreed by the parties that TEENA is appointed as the marketing representative and distributors formeenain the territory of Italy.

2.     TEENA will establish its sales & marketing policy and will hire the sales & marketing personnel at their own discretion and cost.

3.     TEENA will establish a credit line to their customers based on previous knowledge and experience.

4.     TEENA will collect the receivables on behalf ofmeenaand will coordinate deliveries of sold itemized jewellery to the specific customers. The funds so collected will be passed on to MEENA without any delay.

5.     TEENA will assist MEENA (at MEENA’s cost) to insure the whole collection of MEENA Jewellery that will be placed as exposition in TEENA’s office in or carried by the sales agents for the show all over Italy with a policy that reimburses the real value of the goods (generally around 60% of the price-list value) but provides an overdraft of 10% for safe-locked goods and of 20% for the jewellery held by the agents. The risk must be on the part of TEENA It is agreed that the items from the exposition can be sold with mutual consent after paying the required Duties and Taxes.

6.     It is agreed that the beneficiary of the insurance mentioned in Para.5 in case of loss shall be TEENA

7.     Under consignment sale of Jewellery, the ownership will remain withmeenaat all the times andmeenawill have the rights to call back at their expense ifMeena so desire.

TEENA commitments:

1.     MEENA shall provide TEENA with full line of its products as mentioned in annex A (attached hereby) to be kept as rolling exposition in Italy.

2.     The items in annex A shall change from time to time in accordance withmeenaline of products.

3.     MEENA will attend one or more show in Italy as per mutual understanding.meenawill produce promotional materials such as boxes, catalogues, guarantees, window displays, etc.   

Commission

1.     MEENA will pay TEENA two different modes of commission for the customers introduced by TEENA  and will be according to the type of product sold :

a.     MEENA Jewellery collection and consignment sale

b.     Special orders

2A.          For items sold from themeenaJewllery collection the commission awarded to TEENA will be 20% of the retail price paid by the customer. This commission of 20% will be paid as 10% commission + 10% as expenses incurred by TEENA for which an expenses statement will be required  from TEENA’sMeenade.

2B. For special orders where TEENA has no relative advantage in production, the commission will be fixed from time to time by mutual consent.

3.   The sales commission must be paid for orders made by the sales agents and also for orders made directly by TEENA customers. TEENA will have to transmit copies of these to TEENA.

Terms of payments – logistics

1.  TEENA will process orders to TEENA on a daily basis.

2.  For each sold item from the TEENA Jewellery collection the sales agent will receive post-dated cheques made out to TEENA on an average of 120days, but not more than 180 days for the last installment

3.  The shipping cost will be absorbed by TEENA and only 70 Euro will be charged to the customer. Shipments under the value of of 1,000 Eurothe full transportation cost could be added to the selling price.

4.     Direct Orders processed to TEENA will be shipped directly to customers activating the auto- Invoice via courier service against post dated cheques made out to TEENA If this option of post dated cheques will not be possible, then the customer will commit himself to transfer the payment on the agreed-upon dates directly to the account TEENA in Europe. Consolidated orders for various customers will be shipped to office.

5.  Orders will be sent to TEENA that will have the possibility to choose either to accept them or not. In the case of non acceptance, or eventual changes, TEENA will have to communicate this via fax or email within 7days. If no communication is made, the orders will be considered accepted at conditions expressed on them andMeena will have to deliver the goods as the sales commissions for the work carried out must be recognized.

6.  Payment for commission to be awarded to TEENA for executed sales will be performed only after receivables are received by TEENA on average 15days of the preceding month.

7.  Losses of any kind due negligence, unpaid shipments, not insured theft, bounced checks for amount unclear, will be deducted from the commission due to TEENA. Unpaid cheques will be returned to TEENA for legal steps to be taken against the defaulters. Funds collected from legal proceedings will belong toMeena. It is agreed that the value of eventual losses will be given at 60% of the value of the goods indicated on the invoice. 50% of this amount will be covered by TEENA, remaining 50% byMeena. Only if these are not attributable solely on account of TEENA. For such losses which are solely on account of TEENA, there will be not be any sharing byMeena.

Law

          It is agreed between the parties that the Indian law shall be governing this agreement and applicable for settlement of any kind of dispute or disagreement that shall arise from the contract. However, Italian law will be applicable in the event of litigation between TEENA and customer.

General

1.       It is agreed between the parties that for all legal and practical purpose all the sales agents shall be considered TEENA employees.

2.       This agreement in general and terms of Payment as well as the commission awarded in particulars are to be kept confidential.

Termination

1.     This contract shall come into effect as soon as it isMeenagned by both parties and shall stay in effect until 31.12.2008. During 2008 TEENA must generate minimum sales forMeena products of 300,000 Euro. Renewal and extension of this agreement will always be done on mutual consent and to the satisfaction of the both the parties.

2.     In case of violation of any agreement or the spirit of this agreement by either party, them the aggrieved party will need to communicate in writing the intention to terminate the agreement with a written notice of at least 3 months in order not to be charged any penalties. In the case one of the parties give notice to quit, but without an evident motivation, the withdrawing party will have to pay a penalty equal to sales commission generated in the last two years of the agreement. TEENA agrees to determine a minimum annual target to be defined by September 30^th for the following year. Derogatory to this point, it is now agreed that for the year 2008 & 2009 TEENA is expected to reach a 30% increase on annual results.

Signed Today   _____________

                   Meena International LTD

Meenagned Today   _____________

                   Teena & Distribution

AGENCY AGREEMENT Sales Assistance Agreement between

How to Preapare A Agency Agreement this is farmat of Agency Agreemet , if you have any suggestion on that please feel free to comment

AGENCY AGREEMENT

This Agreement made and entered into at Mumbai, India, this ____  day of April ,  ____ by and between :

1.                  PRIME Ltd  a Company organized and existing under the laws of India having company number _______-, having its registered office at  ADD., India, hereinafter also referred to as “PRIME“, which expression shall, unless  incorrect to the context or meaning thereof, mean and include its successors and assigns, of the One Part ; and

2.                  XYZ,  a Partnership Firm having its office at A---------------------------, India, hereinafter also referred to as “XYZ.”, which expression shall, unless incorrect to the context or meaning thereof, mean and include its successors  , of the Other Part ;

WHEREAS

1.                  PRIME is engaged in business of manufacturing and supply of Gold & Silver Jewellery (hereinafter referred to as “the Products” as detailed in   Appendix “A” to this Agreement) all over the world, and is  desirous of appointing a representative on non exclusive basis with a view to promote sales of its  Products in _______________________________ (hereinafter referred to as the Territory”).

2.                  XYZ is engaged in the business of _______________possesses the necessary technical skills, knowledge and infrastrcuture and is otherwise equipped to render the requisite services to PRIME.

3.                  XYZ has aproached  PRIME expressing its desire to act as the representative of PRIME for promoting the sale of the products in the territory to the customers of PRIME in the territory. 

4.                  PRIME and XYZ have agreed that XYZ will act as the representative of PRIME for assistance in canvassing the sale of the products to the customers in the  Territory, on non exclusive basis.

6.         The parties hereto have decided to put in writing the terms and conditions governing their relations inter se.

NOW THIS AGREEMENT WITNESSETH AND IT IS MUTUALLY AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS :

1.                      PRIME appoint XYZ , and XYZ  has agreed to act as Authorised Representative of PRIME in the Territory, on non-exclusive basis (as per agreement it is exclusive basis) , to promote the sale of the products to the customers in the territory on the terms and conditions contained hereinafter.  However, the arrangement made by this Agreement would not confer any right or authority to XYZ to negotiate, conclude or sign any contract on behalf of PRIME or in any manner bind XYZ. 

2.                      PRIME shall, during the term of this Agreement :

a)  make available to XYZ  any new prospects and details of sales plans and objectives with respect to the products for the customers in the Territory & will also keep XYZ  advised on updates in these areas ;

                 

b)  furnish XYZ  with any information necessary for the performance of  his obligations under this Agreement ;

       

c) notify  XYZ , within 15 days, of the acceptance or rejection of any transaction with a customer notified by XYZ  .  Additionally, PRIME will promptly provide XYZ  with details on the performance, partial performance or failure of performance of a transaction ;

d)  support the efforts of XYZ  by furnishing reasonable quantity of printed commercial and technical data and information and other publications  which PRIME may have available from time to time ;

e) supply the products related to orders received and accepted by PRIME from customers in the Territory ;

f)       indemnify XYZ  against all claims arising out of the sale of products except those claims arising out of negligence or willful default of XYZ ;

g)     reserves the right to sell the products directly to customers, from time to time, in the territory, and shall keep XYZ informed of any direct sales carried out.

3.                      Further, PRIME shall transmit to XYZ , immediately, and without delay, any complaint or request received from the customers within the Territory so as to enable XYZ  to attend to and service the customers promptly and efficiently ;

4.                      XYZ  shall during the term of this agreement :

a)       build-up an adequate sales promotion organization to assist PRIME in promoting the sale of the products to the customers in the territory  ;

b)       keep in constant contact with the present and potential customers (“the  customers”) of the products within the territory ;

c)        keep PRIME fully informed  of governmental, commercial and industrial activities and plans which do or could affect the sale of Products to the Customers in the Territory ;

d)      transmit proposals and technical data to the Customers in the Territory, interpret the Customers inquiries, requirements and attitude and assist in contract negotiations.  No proposal shall be transmitted to the Customers unless the terms and conditions of the proposal have been approved by  PRIME ;

e)       forward immediately to PRIME any inquiries/orders obtained, along with all technical, commercial and financial information necessary to enable PRIME to evaluate them and execute them correctly ;

f)         perform such liaison services with the Customers in the Territory as PRIME may from time to time direct in connection with any order awarded to PRIME for the supply of Products including assistance and resolution of any claims or complaints of such customers arising out of PRIME performance of such orders ;

g)       advertise the products in  trade publications in the Territory as may be agreed to by  PRIME;

h)       prepare and send a report on a regular basis to PRIME, containing details of  sales visits, inquiries, projected sales and strategy, and describing the market situation, actions of local and foreign competitors  and generally any other information that may be  related to PRIME’s sales within the  territory ;

i)         recommend improvements to sales plans, assist in developing strategy and clarify the product requirements of the Customers in the Territory.

j)         inform PRIME of any suspected unfair trade practices, infringement of PRIME’s industrial or intellectual property rights or any other activities within the territory contrary to Elements Six’s interests.

k)       assist PRIME in collecting outstanding debts owed by customers in the territory to PRIME;

l)         appoint sub-agents and representatives for the purpose of promoting the sale of products in the territory subject to the prior written consent of PRIME;

m)    obtain all necessary license, permits and approvals for promotion of sale of products in the Territory and for the performance of its duties hereunder;

n)       comply with all applicable laws and regulations relating to the promotion of sale of products in the territory.

o)       attend and participate in such meetings, discussions, exhibitions and conferences, as PRIME may request, on its behalf.

5.         XYZ while promoting the sale of the products of PRIME shall :

a)         disclose all the terms and conditions as specified in Appendix B ,which may be amended by PRIME from time to time by notice in writing which shall be brought to the notice of the customers from time to time;

b)         offer credit terms after obtaining prior approval of PRIME;

c)         follow all the instructions of Element  Sic, whether written or oral, in all commercial matters relating to the promotion of sale of the products;

d)        prohibited from making or giving any promises, warranties, guarantees or representations concerning the products save those contained in PRIME terms and conditions of sale, or as specifically advised by PRIME in writing;

e)         quote the prices for procuring of orders at the rates specified by PRIME from time to time.

6.         XYZ and its legal representatives and employees shall have no authority to accept orders on behalf of  PRIME from customers in the territory, nor shall XYZ have any authority to conclude or otherwise finalize or sign any contract with any customer in the territory on behalf of PRIME, nor shall it have any  authority to bind PRIME in any manner whatsoever.  It is specifically agreed and recorded herein that orders shall become definitive, concluded and binding only after written acceptance by PRIME, and the customers of the products within the territory will be bound directly by, and shall make all payments directly to, PRIME; and XYZ will have to draw the attention of the customers to this fact and to PRIME’s general sales condition.

7.         All  Contracts between PRIME and its customers in the territory shall be on a principal to principal basis, and XYZ  shall have no liability whatsoever arising out of any disputes or claims between PRIME and its customers nor shall XYZ  have any authority to settle disputes or claims.

8.         XYZ undertakes to restrict its canvassing activities to the territory, and agrees not to seek the canvassing of the products outside the territory, unless specifically requested by PRIME.

9.         PRIME shall diligently perform the services of the quality expected of an experienced corporation and in keeping with the high standards of quality maintained by PRIME, and would not do or cause to be done anything which would harm or damage the reputation and goodwill of PRIME.

10.       XYZ agrees to diligently perform the assistance contemplated by this Agreement in a manner consistent  with the care and  attention that is normally expected of an experienced corporation with respect  to similar activities.

11.       Compensation

     a)    As   Compensation to XYZ  for services rendered under this Agreement, PRIME shall pay a fees as set out in Appendix C .Fees would be based on the nest sales income received by PRIME and shall be paid in U.S. Dollars monthly. The fees set out in Appendix C may be varied by mutual agreement of the parties hereto from time to time. 

b)  XYZ   shall also charge Service Tax and such other levies as may be applicable in accordance with the state and central laws. 

 c)  XYZ shall also be entitled to receive performance based incentive as indicated in Appendix C.

      d)   PRIME shall make advance payments of fees to XYZ to finance XYZ ’s working capital requirements based on the annual budget  formally agreed amongst the parties. Diabrasive shall keep PRIME informed in advance of any material factors which may affect its costs from year to year Before the last day of the month following the end of each calendar quarter, XYZ  shall issue an invoice for the fees due for that quarter.

       e)  XYZ  agrees to permit PRIME and its auditors access to XYZ ’s accounting records at all times to satisfy queries concerning the nature and quantification of the operating cost. 

12.       Confidentiality

XYZ shall not during the terms of this agreement not at any time thereafter disclose or use without the written consent of PRIME any Confidential Information made available to it during the term of this Agreement. This undertaking shall not apply to such information as XYZ can show:

i)          was at the time of such disclosure or use published or generally available to the public;

ii)        has after receipt become published or become generally available to the public, otherwise tha through any unlawful act or omission on the part of XYZ;

iii)       was in its possession at the time of receipt and was not acquired directly or indirectly from PRIME or other companies within the PRIME group;

iv)       was rightfully acquired from another who did not obtain it under pledge of secrecy or confidentiality to PRIME or other companies with the PRIME group; or

v)         was acquired by XYZ other than pursuant to this Agreement and not in violation of any of its provisions applicable to XYZ.

           

Upon termination of this Agreement all confidential information in the possession of XYZ shall be immediately returned to PRIME.

13        Intellectual Property

            13.1     XYZ may describe itself as an “Authorised Representative for PRIME”. XYZ may during the terms of this agreement use the “PRIME-advancing diamonds” logo on its business letterhead, business cards and business documents in conjunction with its own description provided always that example of proposed use has been submitted for approval to Shannon and that it has been so approved.

            13.2     Except as is specifically provided in clause 13.1 above, nothing in this agreement shall give XYZ any rights in respect of PRIME`s Intellectual Property, including any trade names or tarde marks used by the PRIME Group in relation to the Products or any of them or of the goodwill associated therewith and XYZ hereby acknowledges that all such rights and goodwill remain vested in the Elements Six Group.

            13.3     XYZ shall not during the term of this Agreement or at any time thereafter, use any trade marks or trade names so resembling the trade marks or trade name of PRIME as to be likely to cause confusion or deception.

            13.4     XYZ shall promptly and fully notify PRIME of any actual, threatened or suspected infringement in the Territory of any Intelelctual Property which comes to the XYZ notice.

14.       This Agreement shall be effective from 1^st April, 2005 and unless terminated earlier by mutual agreement or in accordance with the provisions of this clause, shall continue to remain in force till 31^st December 2007. The duration of this agreement may however be extended for further periods by mutual agreement of the parties.

15.       XYZ shall obtain from all its employees a confidentiality letter, or ensure a clause in the employment contract, binding its employees to maintain in confidence and refrain from divulging all business and technical information which becomes available to them in connection with this Agreement and which is of  a confidential or proprietary nature  relating to  PRIME or its affiliates, the products or services, the customers, or the financial condition, business prospects of any of the foregoing , without the prior consent of PRIME to any person, firm, corporation or entity for any reason, purpose whatsoever. 

16.       This agreement may be terminated for reasons including but not limited to the following :

i)                   By mutual written consent of the parties ; or

ii)                 By either party at will with or without cost on the expiry of the term of this agreement or any subsequent extensions of this agreement  with a six months prior written notice of termination; or

iii)              If either party commits any breach of this agreement and has failed to remedy it within thirty days; or

iv)               If a liquidator or receiver is appointed over any of the property or assets of the other party; or

v)                 if XYZ makes any voluntary arrangement with its creditors or become subject to an administration order;

vi)               any changes in the management or ownership  of XYZ, in particular, if Sanjay Maliah ceases to be a partner thereof or if partnership is dissolved;

17.       Upon the termination or expiration of this Agreement, XYZ  shall promptly restore to PRIME  all brochures, drawings or information concerning the products of PRIME which are in its possession.

18.       XYZ  agrees to indemnify and keep harmless PRIME and its officers, directors, employees, successors and assigns against all claims, losses, liabilities, damages or expenses of whatsoever form or nature, including attorneys’ and paralegals’ fees and other costs of legal defense whether direct or indirect, that they or any of them, may sustain or incur as a result of any acts or omissions of XYZ , including but not limited to :

a)      XYZ ’s material breach of any of the provisions of this Agreement ;

b)     XYZ`s gross negligence or other tortuous conduct ; and

c)      Violation by XYZ`s of any applicable law, regulation or order in the Territory .

19.       PRIME agrees to indemnify and keep harmless XYZ  and its officers, directors, employees, successors and assigns against all claims, losses, liabilities, damages or expenses of whatsoever form or nature, including attorneys’ and paralegals’ fees and other costs of legal  defense, whether direct or indirect, that they, or any of them, may sustain or incur as a result of any acts or omissions of PRIME, including but not limited to :

a)      PRIME material breach of any of the provisions of this Agreement.

b)     PRIME gross negligence or other tortuous conduct ; and

c)      Violation  by PRIME of any applicable law, regulation or order in the Territory .

20.       The failure of either party to enforce at any time or for any period of time the provisions hereof in accordance with the terms shall not diminish the right of such parties thereafter to enforce each and every provision.

20.       This  agreement constitutes the entire and only Agreement between the parties respecting the sales and service representation to the Customers in the Territory of the Products.  Any changes to this agreement must be made in writing.

21.       Any   notice may be effectively given  by sending the same by prepaid registered air mail or fax to the party at the address referred to below or as may be changed from time to time by written notice, provided that the party giving notice shall be obliged to use the most expeditious means of giving notice at that time.  Any notice so mailed shall be deemed to have received on the 10^th day following mailing unless proven otherwise provided that the applicable postal systems are in full continuous operation at such time.  If given by fax, notice shall be deemed as given upon transmission.

22.       Each  provision of this Agreement shall be interpreted in such manner as to be effective and valid, but if any provision of this Agreement shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement.  This Agreement shall be binding upon the parties hereto.  The words “hereof”, “herein” and “hereunder” are words of similar import when used in this Agreement, shall refer to this Agreement as a whole, including all exhibits hereto, and not to any particular provision of this Agreement and unless otherwise specified, all references herein to sections, articles or exhibits shall refer to sections or articles of this Agreement or exhibits to this Agreement.

23.       This  Agreement is  subject to and shall be governed by and construed in accordance with the laws of India and is under the jurisdiction of the courts of Mumbai, in the State of Maharashtra, India .

24.       Any   dispute or difference relating to this Agreement shall be finally settled according to the rules of conciliation and arbitration of the International Chamber of Commerce in Mumbai (India) by one or more arbitrators appointed pursuant to the said rules.  The arbitration shall take place in Mumbai (India).

IN CONSIDERATION of the mutual covenants herein contained the parties hereto execute this Agreement on the date indicated above.

PRIME Limited                                                                                  XYZ

By  : __________________________        By : _____________________________        

In the presence of :                                      In the presence of :

Sales Assistance & Technical Assistance Agreement

Appendix  A

Details of the Products

Sales Assistance & Technical Assistance Agreement

Appendix  B

Terms and Conditions of Sale

Sales Assistance & Technical Assistance Agreement

Appendix  C

Commission