ABOUT TICOBAG

“ticobag” derived by M/s. TICO TRADE INDIA CO. formerly known as M/s. TRADE INDIA COMPANY. The company is consistently serving its clients by supplying retail shoppingutility bags, Polypropylene (PP Bags), BOPPwoven sacks and essential packaging bagsas per the client’s desired specifications.The brand is actively serving to many MNC’s, Indian origin corporates and Agriculture based seeds and fertilizer companies acrosspan India from the past 20 years. Apart from that we are also supplying shopping bags to many retail customers within the southern states and western region clients.

We offer many variants of packaging products such as “Essential and nonessential packaging bags”. The brand hasits own sister concerns and join ventureproduction units within the family,intentions to provide one stop shop solutions to the client’srequirement.As far as the decisions are concerned,they are centralized from where clientsapproachfirst and establish business communications.

INFRASTRUCTURE

The company has two production units within the Hyderabad limitsand also having in-house manual stitching and finishing unitwarehouse at Jeedimetla, Hyderabadfrom where billing, consignment shipment andforwarding is being done.

IN-HOUSE

• Nonwoven fabric manufacturing and CMYK printing
• PP and BOPP multicolor printing
• Stereo based cut color printing
• Lino bags production
• Seeds and fertilizer packing bags production and printing
• Multicolored PP bags

INVENTORY PROTOCOL STANDARDS

As far as the quality standardsare concerned readilyavailable fabric will not be there, despite they’re made as per the client’s desired specificationsissued in their official purchase order.Every order strictly followscertain industry standard parameters as per the below;

• Filling capacity of the bag or sack
• Load density
• Tensile strength of the empty bag
• Each bagfinished weight
• Printing specifications
• Handleand others essentials etc.,

STANDARD POLICIES

The company has set policies and standard COCs at all levels which are applicable to all the clients uniformly by default accordingly things will move to the next level with proper co-ordination. COCs may upgrade or change from time to time based upon the situational factors and they’ll be informed through email communication.Sometimes, in spite of having all perfect co-ordination, documentationfollowed by the communicationshistory betweenticobag and client, orders may get declined due to some reasons which’ll be informed client frankly. The company shall never entertainunethical business practices, bribing, figures manipulations or tax deviations etc., at the same time unparliamentary language discussions or commandover ticobag may also lead to order declinesituations. Ticobag sincerely respect every client’s business with great clarity and anticipate the same reciprocations.

With ticobag there won’t be any favoritism to any clients except “Nation First”policy adapted companies. Company’s COCsshall not be displayedneither in any public forum websites nor in digital platforms etc., due to security reasons.It will be declared in written format at the time of SLAwith the client, clear and transparent deals are highly respected with “ticobag” than any business budgets.

LEGAL PROCESS & APPROVALS

As part of our standard business process and practices ticobag has all legal rights to approve or grant credit facility to the client’s business based upon certain essential parameters like previous business history of the client, age and consistency of the clients business, reputation and integrity score in local and other markets, over and above all client’s business policies are matching to our terms and conditions etc.,thereafter negotiations and approvals shall be passed on win-win situations.

In the meantime, during this observation time tenure if we find any mislead, other brands copying or duplications orattempts to copy someone brand or conflict of opinionfrom the market feedback related to tax manipulations, sensing monetary gains or any unethical practices.Company or ticobag shall withdraw the entire benefits forcefully and same shall be informed by writing an official email notice.

TICO TRADE INDIA CO.or ticobag shall never entertain business followed by unethical practices or profit sharing or tax deviations or gift articles giving or get together partying with customers at any given point of time. Nation first is our priority irrespective of religion, cost and community. Which means we join hands to the country’s growth and prosperity by doing transparent business at all time.

COMMERCIAL APPROVAL FROM CLIENT

Business by process and practices with ticobag we always insist an official work order or official purchase order from client by default followed by a commitment on commercials in Indian national rupee only as per the MSME payment conditions. We read the entire points carefully followed byand terms and conditions mentioned in it, if we find anything discomfort,we ask them to provide revised and corrected PO to avoid conflicts from both the end. Unless otherwise we okey them things will not be initiated strictly.

RODUCTION & INVENTORY POLICY

TICO TRADE INDIA CO. or ticobag follow client’s official purchase order documentthoroughly accordingly production and inventory shall plan and schedule as per thetechnical specifications. Any specific product may not be available readily or we make them ready through the industry process if they are not in ready stock, it’s a time taking process.Meanwhile either CMYK plates or Gravures cylinder process it’s a third-party service,our team co-ordinate with the supplier or vendor for fast delivery. Unless we get them physically to the plant, we do not assure something wrong in terms of consignment delivery commitments. There are certain industry standard proceduresaccordingly that has to undergo through the process,we follow them strictly and our team will be in regular track with the client about product delivery and billing etc., first come firstserve basis only.

PACKING & FORWARDING

Usually, consignment packing and forwarding of empty sacks or bags we use PP outer bags for local or outstation deliveries. If the client is specific and particular about any special packing or corrugatedbox packing would be charged extra at actuals besides transportation charges, loading and unloading labor charges and levies shall also be extra by default. All our client’s consignments booking will be done from Hyderabad Deccan plant or factory or stock warehouse located at IDA Jeedimetla or IDA Bolarum or IDA Medchal to the client destination address. If they are within the radius of 10 Kilometers would not be charged anything extra as transportation provided load weight must be under 1000Kgs / 1 Ton. Beyond that prescribed weight will be an additional charge as per the market value or client should arrange their own transport vehicle from our plant as indicated from the above locations.

If the consignment booking is for outstations addresses in that case local commercial vehicle charges and outstation delivery charges both will be extra as per the instructions and according to the mode of transport chosen by the client. And, there won’t be any transit insurance added in it by default. If they are required compulsorily client should opt at their own investments.Above all client should provide us commercial approval for outstation consignment booking and justifications of material billing and services both by writing an official email to us mandatorily. Thereafter creating any kind of conflicts linking to the settlement of payments shall not be encouraged, if any such conflicts arises may lead to legal steps ahead along with penalty and intentional fraudulent attempt charges. Court matters subject to Hyderabad jurisdiction only.

GST BILLING AND INVOICING

GST billing or tax billing purely on the basis of product and HSN code classifications against the volume metric or weight measurements basic value, again on volume or weight measurement basic value plus justification percentage of tax split figures in the respective column is a standard practice we follow. And, declaring the same value of goods even on e-way billing makes the whole transactions clear and transparent between both of us. Goods undercut value or tax deviations are strictly prohibited. if any client proposes, such business deals will automatically be ignored or untreated seriously as part of the company’s code of conduct. Through these terms and conditions, we sincerely advise all our customers to be treated as respectful citizen of the country and make the country pride by following a transparent and ethical business practices.

TICO TRADE INDIA CO., has four indifferent business identities wherein we perform and raise tax bills to clients accordingly by informing them well in advance while at the stage of collecting an official purchase order. Depending upon the client billing and business volume followed by the classifications category of businesses we represent our brands and insist PO accordingly, in any angle this is nothing related to any tax savings or tax deviations or any tax stolen agenda at all. We have consisting of four indifferent business identities such as ticobag | ucb | sdpl |spc fab. For all four indifferent brands, having centralized decision-makingcommittee accordingly business and processes will move from one stage to another.

PAYMENT & COMMERCIAL TERMS

Any business with any party or client 50% advance against legally valid purchase order followed by commercial approvals and remaining balance at the time of lifting the material from our factory or warehouse. Only to a reputed and trustworthy clients or business groups post payment or credit facilities extended as per the MSME payment conditions based on MOU and SLA agreements. Certain extent that facilities may not be applicable even to large scale business houses for genuine reasons and that will not be disclosed for many reasons.

All payment transactions must be either in the form of NEFT/RTGS/SWIFT transfer only. Company shall not accept any business against liquid cash payment transactions or there is no scope of tax escape and UPI payment transactions are also not accepted for security reasons. As far as the Government projects are concerned, we are least bothered to accept direct deals because all probable transactions are shady andsuspicious linked to monetary gains and benefits, we don’t entertain such things as per our rules.

CREDIT LINE POLICY

With “ticobag” or company has certain preset credit line policies which are purely based upon the client’s payment history right from the day one to up till ongoing projects irrespective of the deal value or business outlay. These credit line facilities and enhancement of any such benefits majorly measures on the basis of client’s business integrity, credibility and ethical transparencies followed by their payment discipline by honoring the commitments to the suppliers as per the agreement signed by and between.

Some exceptional cases “ticobag” or company shall withdraw all such benefits of credit line or post payment facilities to the clients with genuine reasons and the same shall be disclosed directly by writing an official email to the client(s). Thereby “ticobag” or company maintain such frank opinion disclosures without any hesitations. These observations are collective information’s of the market feedback from the genuine resources or cross verification from our co-allied brands or companies etc., but again to avail any such benefits clients must prove their financial discipline in all perspectives like GST filing on or before the due date every month, individual and company tax filing etc., without any penalty history. The company shall allow a credit facility to the client of maximum 45 days or as per the MSME payment conditions, for which client must be a valid member of Udyam Registration or Udyog Aadhar.

BREACH OF CONTRACT AND INDEMNITY CLAUSE

Breach of contract terms are strictly applicable to all our clients by default irrespective of their business billing or deal value or total business outlay performed. As part of our COCs and terms of policies whatever the material we “ticobag” manufacturer and supply to the clients as prescribed in their legal official purchase order we strictly follow all the technical specifications carefully while at production followed by the volume deliverables and we stand by our commitment of quality and standards. At the same frequency levels, we also anticipate the same amount of commitment on commercial terms, dignity of business dealing, respectful communication language and etc., from client too.

If we find any discrepancies by business deals or conflicts of opinion or discomforts of business dealings, we decline such business orders on breach of contracts terms. Same shall also be notified by writing an official email. At the same time if there is any intentional problem creator for any monetary gains for any kind of hidden reasons “ticobag” shall not tolerate such incidents and legal proceedings will be escalated by giving a prior notice to the client. Further to our business policies and clause neither a company nor a brand shall not grant any indemnity acceptance bond or commitments by default to any of its customers. If any such compulsion we disagree such business deals without any second thoughts.

BARTER DEAL POLICY

Neither a company nor a brand do not accept business deals on barter system irrespective of the client’s product or services. The company is least bothered of client’s product and business activities at all time. For example; some client who has gold shop propose to supply bags, instead of making payments for the product we supply, they propose to take gold for the same worth, we don’t accept it. Because our policy matters shall not agree to it for many reasons.

COMPLAINTS & AFTER SALES SUPPORT

Man made things or articles andmachine-madeproducts can’t be compared to natural products. Problems and issues are quite common and that can be resolved.Any complaints related and linked to quality standards, quantity, weight, after filling bursting issues, drop test issues, packing and forwarding or any other issues client can express their complaints freely and raise their complaints provided that should be genuine.

And, if any such complaints the whole defected consignment lot must be returned by the client for replacements. Unacceptable answers or somehow managed and used the same bags or sacks due to urgency and payment discounts by claiming rejected once all that shall not be accepted. During this tenure payment withheld or payment stop notifications are also not be acceptable, any quality related complaints must be proved that it is genuine. Thereby we stand by our commitment for immediate replacements without adding any transportation cost to client.

INTELLECTUAL LEGAL RIGHTS NOTICE

The company’s corporate emblem and brand identity are wholly owned by its proprietary owners protected under the Copyright Act and Trademark of brand. Any fraudulent intentional attempts to mislead our customers directly or indirectly may lead to severe damage claims legally.