VEHICLE SCRAP YARD

[CODE NO.4189]

Some important definition regarding scraping of vehicle

1. Authorized Vehicle Scrapping Facility (ASVF): means any establishment which holds an Authorization for Vehicle Scrapping issued under these guidelines for carrying out dismantling and scrapping operations.

2. The RVSF Rules formally introduce, inter alia, the concept of “Registered Vehicle Scrapping Facility” (“RVSF”), “Registered Scrapper” and “Scrapping”.

Registered Vehicle Scrapping Facility: Registered Vehicle Scrapping Facility shall mean any establishment engaged in dismantling and scrapping operations of the vehicles and registered with the designated registration authority for the purpose. The aforementioned designated registration authority shall be Commissioner (Transport) or any other officer designated by the government of the state or union territory, which shall issue ‘Registration for Vehicle Scrapping’ upon registration of such establishment.

3. “Scrapping yard” means the designated location within the premises of the RVSF where End-of-life vehicle is processed.

4. “End of Life - Vehicles (ELV)” refers to all vehicles which are no longer validly registered; or declared unfit through Automated Fitness Centers or their registrations have been cancelled under Chapter IV of the Act; or due to an order of a Court of Law; or are self-declared by the legitimate registered owner as a waste vehicle due to any circumstances that may arise from fire, damage, natural disaster, riots or accident etc., or any other reason at the discretion of the owner.

5. “Certificate of Vehicle Scrapping” means the certificate issued by an RVSF to recognize the final disposal of a vehicle.

6. “Registration Authority” means the Commissioner (Transport) or any other Officer designated by the Government of the State/UT for this purpose.

7. “Scrapping” means the entire process from receipt and record of the ‘ELV’ including depolluting, dismantling, segregation of material, safe disposal of non-reusable parts, and issuance of ‘Certificate of Vehicle Scrapping’ to the registered owner of a motor vehicle.

8. “Certificate of Deposit” means the certificate issued by the RVSF to recognize the transfer of ownership of the vehicle from the registered owner to the Registered Scrapper for further treatment.

Powers and Obligations of RVSF

1. The RVSF and its collection centers shall be provided connectivity and access to the VAHAN/State Registration Portal database of vehicle registration with password protected user IDs and shall be authorized to make suitable entries regarding scrapping of the vehicle and issuance of Certificate of Deposit and Certificate of Scrapping, either directly or through their collection centre.

2. The RVSF must have necessary cyber security certifications for the IT Systems for safe access to the VAHAN database.

3. The RVSF shall be provided the necessary connectivity to verify the records of the vehicles produced for scrapping with the database of the stolen vehicles, held by NCRB as well with the local Police. It would be obligatory on the part of the RVSF to carry out such verification before scrapping a vehicle.

4. The RVSF shall undertake verification of the persons handing over the vehicle for scrapping to determine the bona fide of the vehicle owner or his authorized representative and retain a copy of the same for record for a minimum period of 6 months.

5. The RVSF shall verify the records of the vehicles produced for scrapping from the database of the stolen vehicles in the NCRB portal, before scrapping a vehicle. The electronic record of such verification shall be maintained by the RVSF.

If the vehicle is not found to be stolen vehicle in the NCRB portal, the RVSF will proceed ahead for scrapping the vehicle. In such case, the RVSF will absolve from all the liabilities.

COST ESTIMATION

Land & Building (6000 sq.mt.) Rs. 4.17 Cr

Plant & Machinery Rs. 59 Lac

Working Capital for 1 Month Rs. 2.12 Cr

Total Capital Investment Rs. 7.13 Cr

Rate of Return 66%

Break Even Point 34%

APPENDIX – A:

01. PLANT ECONOMICS

02. LAND & BUILDING

03. PLANT AND MACHINERY

04. OTHER FIXED ASSESTS

05. FIXED CAPITAL

06. RAW MATERIAL

07. SALARY AND WAGES

08. UTILITIES AND OVERHEADS

09. TOTAL WORKING CAPITAL

10. TOTAL CAPITAL INVESTMENT

11. COST OF PRODUCTION

12. TURN OVER/ANNUM

13. BREAK EVEN POINT

14. RESOURCES FOR FINANCE

15. INSTALMENT PAYABLE IN 5 YEARS

16. DEPRECIATION CHART FOR 5 YEARS

17. PROFIT ANALYSIS FOR 5 YEARS

18. PROJECTED BALANCE SHEET FOR (5 YEARS)

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