| Summary of terms for Dealer (Auto LPG) | |||||||||||||||||||
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| Eligibility criteria | Person aged minimum 18 years, educated, having good reputation in the market | ||||||||||||||||||
| Financial Requirement | COCO : nil CODO : Rs. 30lac DODO : Rs. 80lac | ||||||||||||||||||
| Infrastructure | Office on ALDS ALDS duly licensed by explosive department. | ||||||||||||||||||
| Security deposit | Rs. 5 Lac on 8% simple interest per annum on maturity. | ||||||||||||||||||
| Franchisee fee | COCO : ₹. 50,000/- (Rupees fifty thousand) only one time with security deposit. CODO : ₹. 1.00 lac (Rupees one lac) only one time with security deposit. DODO : ₹. 1.50 lac (Rupees one lac fifty thousand) only one time with security deposit. |
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| Terms | Period of lease executed with further renewal by mutual consent. | ||||||||||||||||||
| Jurisdiction/area | 5 Km. radius | ||||||||||||||||||
| Statutory requirement | i) Shop establishment, ii) GST Registration iii) Insurance of ALDS containing plant & machinery/ Stock-in-trade/third party liability/public/cash transactions etc., other local, if any. | ||||||||||||||||||
| Rates | Changed as per international market every month on the pattern of government oil company | ||||||||||||||||||
| Procurement | Place order three days before on whatsap and receive at ALDS. | ||||||||||||||||||
| Supply | Dispense in the registered vehicle only | ||||||||||||||||||
| Maintenance of stock | Stock for 3day’s supply. | ||||||||||||||||||
| Responsibility | Coco: Nil Codo & Dodo: operation & maintenance of ALDS by staff duly trained by company. Annual Maintenance of ALDS by approved installer | ||||||||||||||||||
| Return on investment |
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| Support from company | i) Training to sales representative, accountant, clerk and any other staff to be appointed by the dealer at business associate/company’s office. ii) Provide printed stationery at reasonable rates, if desired by the dealer. Guidance for getting NOC from Distt. Authority. iii) Re-imbursement of 50% expenses of the salary/incentive of business consultant, liasioning assistant, surveyor engaged on the terms laid down by the company to establish and develop his business as well as for publicity in his area. iv) Support in arranging funds from the banks/financial institutions against collateral for construction of ALDS, purchase of machinery working capital. However, in any case, company can introduced his associate concern in partnership also, if required |
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| Publicity | Share basis with company | ||||||||||||||||||
| Submission of report/returns | Submit periodical reports/returns to the company | ||||||||||||||||||
| Surrender of association-ship | 3 months’ notice in writing before completion of lease terms | ||||||||||||||||||
| Arbitration clause | In case, any dispute arises between the parties, it will be referred to the sole arbitrator to be appointed by managing director of the company and jurisdiction will be Delhi only. | ||||||||||||||||||
| Miscellaneous provisions | i)The acceptance or rejection of the application is at the sole discretion of the company. ii)The company reserves the right to change, amend, add or delete any/all clauses without any notice iii)All disputes are subject to jurisdiction of Delhi courts only | ||||||||||||||||||
