URGENT: ActiveX component can't create object

I created a test in QTProff and then tried to run the test from the command prompt through this script.

I fired the commands from C prompt:
1) cscript //nologo C:\Daily_Status_Checkout\Daily_Checkout.vbs

Where C:\Daily_Status_Checkout is my QTP script test location and Daily_Checkout.vbs is the script mentioned below.

Gave below mentioned error -
C:\Daily_Status_Checkout\Daily_Checkout.vbs(5, 1) Microsoft VBScript runtime error: ActiveX component can't create object: 'QuickTest.Application'

2) wscript C:\Daily_Status_Checkout\Daily_Checkout.vbs

Gave the attached error in a picture file.

C:\Daily_Status_Checkout\Daily_Checkout.vbs file:
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Code:
Dim qtApp 'As QuickTest.Application ' Declare the Application object variable

Dim qtTest 'As QuickTest.Test ' Declare a Test object variable

Dim qtResultsOpt 'As QuickTest.RunResultsOptions ' Declare a Run Results Options object variable

Set qtApp = CreateObject("QuickTest.Application") ' Create the Application object

qtApp.Launch ' Start QuickTest

qtApp.Visible = True ' Make the QuickTest application visible

' Set QuickTest run options

qtApp.Options.Run.ImageCaptureForTestResults = "OnError"

qtApp.Options.Run.RunMode = "Fast"

qtApp.Options.Run.ViewResults = False

qtApp.Open "C:\Daily_Status_Checkout", True ' Open the test in read-only mode

' set run settings for the test

Code:
Set qtTest = qtApp.Test

qtTest.Settings.Run.IterationMode = "rngIterations" ' Run only iterations 2 to 4

qtTest.Settings.Run.StartIteration = 2

qtTest.Settings.Run.EndIteration = 4

qtTest.Settings.Run.OnError = "NextStep" ' Instruct QuickTest to perform next step when error occurs

Set qtResultsOpt = CreateObject("QuickTest.RunResultsOptions") ' Create the Run Results Options object

qtResultsOpt.ResultsLocation = "C:\Daily_Status_Checkout\DSCRes1" ' Set the results location

qtTest.Run qtResultsOpt ' Run the test

WScript.StdOut.Write "Status is :" & qtTest.LastRunResults.Status ' Check the results of the test run

qtTest.Close ' Close the test

Set qtResultsOpt = Nothing ' Release the Run Results Options object

Set qtTest = Nothing ' Release the Test object

Set qtApp = Nothing ' Release the Application object

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Please help me in running this automatically. I have tried adding some snippets as well to the script as shown below to kill any running session of QTProff.

Code:
Dim objWMIService, objProcess, colProcess

Dim strComputer, strProcessKill

strComputer = "."

strProcessKill = "'QTPro.exe'"

Set objWMIService = GetObject("winmgmts:" _

& "{impersonationLevel=impersonate}!\\" _

& strComputer & "\root\cimv2")

Set colProcess = objWMIService.ExecQuery _

("Select * from Win32_Process Where Name = " & strProcessKill )

For Each objProcess in colProcess

objProcess.Terminate()

Next

which also gave me the same error, asserting the fact that this was not the issue. So someone please guide me.