|Summary of terms for retailer|
|Eligibility Criteria||Person aged minimum 18 years, educated, having good reputation in the market.|
|Financial requirement||Initial Rs.1,30,000/- (Rupees one lac& thirty thousand) only.|
|Infrastructure||Office & E-loader rickshaw or 3 wheeler.
Godown duly approved and licensed by Explosive Deptt.
|Land Requirement||3M x 3M room for 500 kg. two side open on road|
|Security Deposit||Rs. 0.20 lac against 5% simple interest per annum on maturity.|
|Franchisee fee||₹. 10,000/- (Rupees ten thousand) only one time with security deposit.|
|Terms of appointment||Three years with the provision for further renewal by mutual consent.|
|Jurisdiction/area||One village or in city by mutual consent.|
|Quantum of business||2,000 domestic connections & no limit for commercial/industrial supply.|
|Statutory provision||Shop establishment, GST registration, Local, if any.|
|Procurement||Procurement from plant|
|Supply||Delivery of cylinders to the mini retailers & consumers at their places|
|Maintenance of stock||Stock for 3 day’s supply &5 new connections|
|Return on investment||Connection : Domestic- Rs.310; Mini- Rs. 220; Commercial- Rs.190
LPG : Rs. 4 P.kg in big cylinder & Rs. 5 P.kg in mini cylinder
Initially: Rs.6.10 Lac
Regular: Rs. 13.77 Lac P.A
|Support from company||1. Training to sales representative, accountant, clerk and any other staff to be appointed by the retailer free of cost at business associate/company’s office.
2. Provide office/printed stationery at reasonable rates if desired by the retailer.
3. Provide advice for approval/license of godown or any other help in completing the formalities free of cost or can provide consultant for the same on reasonable rates.
4. 50% share of the salary/expenses/incentive of business consultant, freelancer, liasioning assistant and surveyor engaged on the terms laid down by the company to establish and develop his business as well as for publicity in his area.
5. Allow retailer to recommend mini retailer and customer representative in his area on the terms and conditions framed by the company.
6. Loan to consumer for connection @ Rs. 1000/- only on submission of documents mentioned in the consumer loan scheme.
7. Allow retailer to search the industries for providing gas bank in any area at very reasonable terms against the commission in installation and refill.
8. Provide cylinders in 50% security where retailer provides free of cost in commercial and industrial units.
9. Support in arranging funds from the banks/financial institutions against collateral for construction of godown, purchase of cylinder and vehicle for loading unloading & working capital.
|Publicity||Share basis with company & associates|
|Submission of report/returns||Submit periodical reports/returns to the company|
|Surrender of association||3 months’ notice in writing but not before one year.|
|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||The acceptance or rejection of the application is at the sole discretion of the company.
The company reserves the right to change, amend, add or delete any/all clauses
All disputes are subject to jurisdiction of Delhi courts only