I am from the firm Jewels STANZA selling its products under the brand name of 'BU-Be You' having the head office at Jaipur. We have started our brands shop in shop counter at Ebony stores in Amritsar and Jalandhar, Punjab. For this they have provided us the space in their stores and rest the stock and the sales staff was from our brand. We sent them all the stock on consignment and they agreed to pay us for the sale of a particular month in the following month after deducting their commission on the total MRP sale amount. In this system neither they have to purchase the stock and then sell it on their stores nor they have to be bothered about the dead stock, depreciation and sales staff expenses.
Now for the first few months when we started the counters everything is going right but after few months we stopped receiving our payments and have been told to continue sending the stock to the counters as there is the temporary problem in the payments and soon we will be receiving them, and we does the same but after seeing this for more months to continue we face the same problem and all our payments was chucked. Our account is handled by Mr. Manish Srivastav (Asst. Manager Buying & Merchandising) and Ms. Puneet K.J. Singh (Asst. General Manager) at Ebony Retail Holdings Ltd., New Delhi. We called them up many times and mostly they don't receive our calls and we also visited their Head Office at F-2/1, Khanpur Extn., New Delhi-62 but every time got the fake assurance to get the payments soon.
We are under the great loss and we have to still collect Rs.94, 000 from them and also stock balance of the Jalandhar counter which will be of around Rs.1, 18, 000. As for everyone information Ebony is promoted by the DS Group, a very big business house with products like RajniGandha, Baba, Catch Spices etc and if such companies can do fraud like this then how people can do business in India. Please advice
Regards
Pratik Gitai
Proprietor
Jewels STANZA
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