Corporate Focus

Corporate Focus December 2012

Nov 30, -0001 0 21 minutes 7 seconds to read

…

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< previous123next >

No Laughing Matter

The Sweet Rewards of Power

By Madan Lamsal

. . .
read more »

NEPSE

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	<span style="font-size:14px;"><span class="A1"><span style="line-height: 115%; font-family: ">Corporate Focus</span></span></span></p>
<p>
	“We consider three things in the present scenario — People to People, Business to Business and Government to Government<br />
	relationship.”<br />
	<br />
	<br />
	<img alt="chanto" border="1" height="246" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/strinlta.jpg" vspace="10" width="186" /><br />
	CHANTOUCH SRINILTA<br />
	GENERAL MANAGER NEPAL &amp; BHUTAN<br />
	Thai Airways International Public Co Ltd</p>
<p class="MsoNormal">
	 </p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: black;">45 Years of Flight Over Himalayas<br />
	<br />
	<img alt="corporatefocus" border="1" height="303" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporatefocus(2).jpg" vspace="10" width="450" /><br />
	</span></span></p>
<p class="Pa26">
	<span style="font-size:14px;"><span style="color: black;">“We consider three things in the present scenario — People to People, Business to Business and Government to Government relationship.” </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp; <br />
	</span></p>
<p class="Pa0">
	<span style="font-size:14px;"><span class="A0">CHANTOUCH SRINILTA GENERAL MANAGER NEPAL &amp; BHUTAN <br />
	<br />
	<br />
	</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span class="A0"><span style="line-height: 115%; font-family: ">Thai Airways International Public Co Ltd</span></span></span></p>
<p class="Pa7" style="text-align:justify">
	<span style="font-size:14px;"><span class="A4">T</span><span style="color: black;">hai Airways International Public Company Limited, the national flag carrier of the Kingdom of Thailand, has achieved an unprecedented height in Nepal. A glorious history of complete 45 years of operation itself speaks volumes. </span></span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">It was in 1968 that Thai’s 72-seater French-built Caravelle SE210 aircraft landed at the Tribhuvan International Airport (TIA). According to Thai Airway’s General Manager for Nepal and Bhutan, Chantouch Srinilta, the long journey of Thai Airways is full of ups and downs. “Many international airlines have come and gone after Nepal Government adopted a liberal sky policy, but Thai has survived, tackling all the challenges, and tackling them pretty well,” says Srinilta.</span> <br />
	</span></p>
<p class="Pa8" style="text-align:justify">
	<span style="font-size:14px;"><span style="color: black;">The Airways was founded in 1960 as a joint venture of Thailand’s domestic carrier, Thai Airways Company (TAC), and the Scandinavian Airlines System (SAS). In 1960, flights were inaugurated from Bangkok to nine overseas Asian destinations. The airline launched its intercontinental services in 1971, first to Australia, followed by flights to Europe in 1972, and to North America in 1980. <br />
	<br />
	<img alt="corpratefocus" border="1" height="338" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporatefocus88.jpg" vspace="10" width="500" /><br />
	</span></span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">Thai Airways operates domestic, regional and intercontinental flights from its home base in Bangkok to the key destinations around the world and within Thailand. Thai airways has had a market in Nepal, for over four decades and the Nepali market has allowed them be more mature. For Thai, every moment is a turning point, as the global airlines have been pacing up rapidly. Thai takes pride in the fact that they have unlocked Nepal as a new tourism destination for the world shares the GM. They were the first airline to operate jet service from Kathmandu. It was indeed a memorable moment to cherish in Nepal’s aviation history. In addition, Thai also introduced the first computerized reservation system in Kathmandu in February 1985 and provided this service to its leading travel agents since 1990. The Royal Orchid Lounge at the TIA used to be the only lounge operated by Thai in the 1990s.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">“We consider three things in the present scenario — People to People, Business to Business and Government to Government relationship,” Srinilta says. Maintaining a long-term relation between Nepal and Thai Airways is a top priority for the latter. In the people to people scenario, Thai people have a religious connection to Nepali people as 95 per cent of the Thai population is Buddhist and Nepal is the birth place of Lord Buddha.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">In term of Business to Business, Nepali airlines are also landing in Thailand. Here, in Nepal we have been landing since long time back and we have also kept in mind that times are changing, shares the GM. “There is huge potential for the national flag carrier of Nepal if they regain their reputation from glory days” says GM. “Government plays a role in elevating the standard by not only to directing, but also educating the airlines about how the rest of the world is working at their best. So, if we work together we can grow much,” Srinalta says.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">For a sound relation between both the nations, Thai Airways wants to create a good linkage between Nepal and Thailand. Nepal being a land blessed with mountains that are more than 8,000 meters tall airlines are reliable means to bring in more tourists and Thai Airways is doing its best to increase the figure. Thai Airways further believes that the tourists they bring here in Nepal choose tourism activities over just strolling around Thamel.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">In terms of Corporate Social Responsibility (CSR), Thai organizes blood donation programme on every 31st July. Battling with the challenges lying ahead, Thai also strives to keep the goodwill image of the company intact. It might seem that the cost allocation of air ticket and packages are high, but the quality that they have not compromised justifies the cost. Thai Airways has kept in mind that a good air business also leads to healthy revenue. Thai believes that offering proceeds for CSR will strengthen the Company’s financial status and support its business expansion projects. It also believes that products and service improvement will elevate THAI to a consistent rank of top three airlines in Asia and top five in the world.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">Recently, Thai Airways announced special offers including promotional fare marking its 44th year of successful operation in Nepal. In the auspicious occasion the airlines announced free excess baggage for students, and businessmen traveling to Australia and China and free hotel service in Bangkok for destinations like Hong Kong. Similarly, the airlines announced free excess baggage up to 10kg for Nepali students traveling to Australia. Also, targeting Nepali travelers Thai airways unveiled special SOTO (tickets sold outside the country of departure) fare for Japan and special labor fares to Kuala Lumpur. The company also encourages its human resources to acquire new skills and attain international standards of professionalism. Thai Airways contributes to the advancement of all types of technology related to the world’s commercial aviation industry.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">Thailand Tourism Authority and Royal Thai Embassy say that the number of Nepali travelers going to Thailand had increased significantly in recent years. Around 31,000 Nepalis visited Thailand in 2011, out of which 25.5 percent travelled for holiday and 41 percent for seminar. Thai also handed over a memorial park situated in Kakani to the local community and is providing fund regularly for its maintenance and development.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">At present if offers flights to more than 70 destinations in 34 countries with a fleet of 99 aircrafts. According to the GM, The Thai airways have same investment every year and they are seriously concerned about the return. They also have good marketing strategies and are looking forward to sustain in this market in coming years. They are willing to invite more people to come and visit Nepal and enjoy time here. For this Thai is expecting Tourism authorities of Nepal to offer more packages. “If Nepal Tourism Board also is ready to cooperate we can contribute further to tourism”, Srinilta believes. Thai also has three latest model of Airbus and they are starting business on different parts of world.</span><br />
	<br />
	<img alt="corporatefocus" border="1" height="340" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/thai.jpg" vspace="10" width="500" /><br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">“As a mature airways, we are striving our best not to compromise in our fleet size and service standards,” shares Srinilta. So, to catch up in the burgeoning market demand in Nepal, they have a strategy of adjusting the number of flights as per market demand. In the beginning, Thai operated a once a week flight between Bangkok and Kathmandu and soon after that, one more flight was added to cope with the high demand of passengers. Thai started daily flights with A300-600 aircraft since the end of October 1997. In the context of growing demand of air seats to/from Nepal, they added three more flights in 2008. Based on the request of different tourism related associations like NATTA, PATA, HAN and NTB, they began to run 10 flights per week. Now Thai has seven flights a week with a configuration of 30 business class and 279 economy class seats.</span> <br />
	</span></p>
<p class="Pa8" style="text-align:justify">
	<span style="font-size:14px;"><span style="color: black;">Thai Airways has also played a good role in providing service to the outbound Nepali Tourist. In Srinilta’s words, the airlines is assisting Nepal in worldwide promotion as a major tourist destination through various media like in-flight magazine “Sawadee” and Royal Orchid Holiday Packages tours. Thai have joined hands with the Tourism Authority of Thailand by frequently organizing different events like Trade Fairs, Educational/ Medical fairs, familiarization trips for agents and media, Thai Food festivals, Thai Puppet shows etc. <br />
	</span></span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">They have also offered attractive packages and special fares for students and leisure travelers. It was in the “Visit Nepal Year 1998” and during the “Nepal Tourism Year 2011”. Thai spread good word all over to promote Nepal They have joined hands with the organizers of Asian Mountain Bike championship in 2008 by offering special fares to the participants all around the world. They have own handling service in Nepal with own operational, ground handling and administrative staff directly under the Thai set up of course.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">Srinilta further adds Thai can do a lot if the Nepal Tourism Board and other government bodies of Nepal also provide lucrative packages to further boost the Tourism of both countries. Though Thai Airways doesn’t fully keep the Labour Traffic as a first priority, it is also a part of the business. Since the very beginning, they have had different segments of traffic like the royalties, frequent flyers, government officials, diplomats, expats, students and the tourists.</span><br />
	</span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: black;">However, the persisting bandhs, political instability, lackluster government policies create hurdles for a smooth run. So, there is a long way to go for Thai Airways in Nepal and for that the hurdles in the paths should be cleared.</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: black;">&nbsp;</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><b style="mso-bidi-font-weight:normal"><span style="line-height: 115%; color: black;">Swot Analysis</span></b></span></p>
<p class="Pa31" style="margin-top:11.0pt;margin-right:0in;margin-bottom:0in;
margin-left:9.0pt;margin-bottom:.0001pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span class="A16">STRENGTHS </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Thai brings quality tourist. </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Thai have strong position in global market. </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Aware about the nation and society in environmental conservation. </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Run the business on the basis of fair competition. </span></span></p>
<p class="Pa31" style="margin-top:11.0pt;margin-right:0in;margin-bottom:0in;
margin-left:9.0pt;margin-bottom:.0001pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span class="A16">WEAKNESS </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- More work is yet to be done to seek for the reasons why people don’t fly in Thai Airways. </span></span></p>
<p class="Pa31" style="margin-top:11.0pt;margin-right:0in;margin-bottom:0in;
margin-left:9.0pt;margin-bottom:.0001pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span class="A16">OPPORTUNITIES </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- More exploration in Nepali market. </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Nepal is a lucrative tourism destination. </span></span></p>
<p class="Pa31" style="margin-top:11.0pt;margin-right:0in;margin-bottom:0in;
margin-left:9.0pt;margin-bottom:.0001pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span class="A16">THREATS </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Never-ending Bandh. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: black;">- Airlines market hasn’t flourish on a high rate.</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;">&nbsp;</span></p>',
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<![endif]-->	<span style="font-size:14px;"><span style="font-family: ">“The products we offer and our size have made us different from others. Our interest rates are almost equal to that of the commercial banks.” </span></span></p>
<p>
	 </p>
<p class="Default">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp;<img alt="ashok" border="1" height="268" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/ashok.jpg" vspace="10" width="200" /></span></span></p>
<p class="Pa1">
	<span style="font-size:14px;"><span class="A4"><span style="font-family: ">ASHOK SHERCHAN CEO </span></span></span></p>
<p class="Pa1">
	<span style="font-size:14px;"><span class="A4"><span style="font-family: ">Prabhu Finance Company Limited</span></span></span></p>
<p class="Pa9">
	<span style="font-size:14px;"><span style="font-family: "><br />
	</span><span class="A15"><span style="font-family: ">T</span></span><span color:="" style="font-family: ">he proverb ‘A rolling stone gathers no moss’ matches the credentials of Prabhu Finance Company Limited (PFCL). Within six years of operation, the company has succeeded in holding five per cent market share among 90 finance companies operating in the market. Ashok Sherchan, CEO at PFCL, says, “Our services are the same if compared to other banks and finance companies. The products we offer and our size, however, have made us different from them. Our rate of interest is almost equal to that of the commercial banks for deposits as well as lending.” </span></span></p>
<p>
	<span style="font-size:14px;"><span color:="" style="font-family: ">Established in February 2006, the company – a part of Prabhu Group of Companies – has been categorized as ‘C’ class financial institution by Nepal Rastra Bank. PFCL constitutes around 10 per cent share in total remittance excluding the contribution made by its money transfer agency Prabhu Money Transfer. Seventy per cent share of the company is owned by the promoters while 30 per cent shares are held by public shareholders. The company has approximately Rs 7.5 billion in deposit while having a lending portfolioer of around Rs four billion. According to Sherchan, with a strong presence in lending, the company can now invest millions of rupees even on individuals. </span></span><span style="font-size:14px;"> </span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">&nbsp;<img alt="" border="1" height="297" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporatefocus.jpg" vspace="10" width="500" /><br />
	<br />
	<br />
	PFCL targets to work for various groups of people, from business people to individuals at the grass root level. It has special plans to bring underprivileged people into the banking sector that are unable to or hesitate to seek service from commercial banks. The bank is also directly linked to the customers via its remittance business. Sherchan says, “We try to provide loan to everyone and deal with every case equally and positively to make our customers feel at home.” </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp;</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp;</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span color:="" style="font-family: ">Success Mantras </span></span></strong></p>
<p class="Pa10">
	<strong><span style="font-size:14px;"><span style="font-family: ">&nbsp;</span></span></strong><br />
	<span style="font-size:14px;"><span color:="" style="font-family: ">Besides a Paid-Up capital of Rs 469.2 million, the company has also seen growth in terms of deposit, branch network and loans. The company owes its success to the policy of expanding its branches aggressively in 2007, points out Sherchan. The company now has 37 branches and 150,000 direct account holders all over the country. It targets to expand its number of branches to 41 by the end of current fiscal year, informed Sherchan. </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">Sherchan says, “Although we are a finance company, our ability to expand on number of branches has made us successful.” The company has a mission of encouraging banking habit among the remittance receiving population. When asked about other reasons behind the company’s success, Sherchan points out three things: dedication, dreams and positive attitude. </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">&nbsp;The dedicated staff have also contributed towards uplifting the status of the company. Sherchan shares, “We have more than 300 employees in Nepal and foreign countries who give their best.” PFCL trains its employees every month and carries out trainings in different countries to enhance their skills. He says, “There is so much to learn in trainings. Because of our portfolio and working system, employees can learn more about the entire banking process like in commercial banks.” </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">&nbsp;The bank is developing the ‘customer first’ culture as one of its business strategies. It is strengthening internal management mechanisms and also making them more customer-oriented. The company is also focused on the customers from remittance business and regularly visits the targeted customers to lure them with different products. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp; <br />
	<img alt="quatarly" border="1" height="287" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/quartaly.jpg" vspace="10" width="261" /><br />
	<br />
	</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span color:="" style="font-family: ">Products </span></span></strong></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: "><br />
	The bank is prepared to work for different groups of people and it reflects in the various products the company has in its portfolio. There are altogether eight deposit accounts including Mamata Bachat Khata for Children, Bharosha Bhachat Khata for aged people and Sangini Bachat Khata for women, available with attractive interest rates. The bank also provides home loan, education loan and foreign employment loans among a host of many other loans. The company also facilitates loans such as margin loan, consortium loan, personal loan, bank guarantees, bills purchase and working capital loan. </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">Unlike other finance companies, PFCL provides Loans against Share, Gold or fixed deposit. It also provides banking facilities round-the-year with internet and debit card facilities. Besides, there are loans for those opting to start a small business or industry. Sherchan says, “As long as they meet our criteria, we provide loans to each and every individual that approach us. We open account for remittance receivers for a token amount of Rs 51.” PFCL also provides services such as e-banking, SMS banking, SCT debit cards, ABBS facilities and fund transfer for clearing and collection services. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp;<img alt="" border="1" height="446" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/swot.jpg" vspace="10" width="271" /></span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span color:="" style="font-family: ">Investment </span></span></strong></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">The expansion of the company in terms of its branches has increased the company’s access to all kinds of sectors in remote as well as urban areas. PFCL has invested in small to big budget projects all around the country. Sherchan says, “We have invested in most sectors in Nepal which includes big budget hydropower projects.” </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">PFCL has immediate plans to invest in agro business. It has already invested Rs 10 million in Kalaiya this year for small farmers involved in sugarcane cultivation. For another project, the company has distributed cows in five districts to the farmers in collaboration with Dairy Development Corporation. The two projects cost Rs 50 million in total and the investments have brought about positive results and have inspired the company to invest more in the agro sector, says Sherchan. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp;</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span color:="" style="font-family: ">CSR Activities </span></span></strong></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">PFCL has supported literary programs as part of its corporate social responsibility (CSR) activities. The company is also providing scholarship to four underprivileged students from Burtibang in Baglung district to study intermediate level. In Kathmandu too, two students are studying management on a scholarship provided by the company. PFCL also helps one handicapped student from Myagdi. </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">&nbsp;The company is in the process of becoming a development bank and this promises to benefit the company as finance companies have many limitations when compared to the development banks. Sherchan shares, “There would be no limitation for us once we become a development bank as we can then work aggressively.” </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span color:="" style="line-height: 115%; font-family: ">The current political situation of the country does not augur well for the economy at large, feels Sherchan. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span color:="" style="line-height: 115%; font-family: ">&nbsp;He shares, “There is no demand for fresh loans and we do not have new industries or entrepreneurs coming up. Industrialists are either running away or surviving on the existing industries.” PFCL is trying to increase its contribution in the remittance business and finding various other sectors for investment to deal with the situation.</span></span></p>
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	<strong><span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#D8171F"><br />
	Newcomers <br />
	<br />
	<br />
	</span></strong><span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>TULSI RAM GAUTAM</strong> has been appointed Machhapuchchhre Bank Ltd as CEO. Earlier, he was General Manager of Credit Department at Nepal SBI Bank Limited<br />
	<br />
	<br />
	<img alt="" border="1" height="143" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/SATISH-NEUPANE.gif" vspace="10" width="117" />. </span></p>
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mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>SATISH NEUPANE</strong> has joined Trade Tower Business Center as Managing Director. Earlier, he was Director at Arun Valley Hydropower Company Ltd.</span> <br />
	<br />
	<br />
	<img alt="" border="1" height="134" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/SUNIL-KHANAL.gif" vspace="10" width="108" /><br />
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mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>SUNIL KHANAL</strong> has joined Trade Tower Business Center as Conference &amp; Event Manager. Earlier, he was F &amp; B Manager at Crowne Plaza Hotel, Dundalk, Ireland.</span> <br />
	<br />
	<br />
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><img alt="" border="1" height="157" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/PADAM-RAJ-SHRESTHA.gif" vspace="10" width="126" /></span></p>
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	<span style="font-size:10.0pt;
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	&nbsp; </p>
<p class="Pa18">
	<strong><span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#D8171F">Newcomers at Sunny Distillery </span></strong></p>
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	<span style="font-size:10.0pt;
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	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>RAMESH SHRESTHA</strong> has joined the distillery as Senior Sales Officer. Earlier, he was Area In-charge at United Spirits Nepal Pvt Ltd. </span></p>
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	<span style="font-size:10.0pt;
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<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>GOVINDA SHRESTHA</strong> has joined the distillery as Senior Sales Officer. Earlier, he was Area In-charge at United Spirits Nepal Pvt Ltd. </span></p>
<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>LUV DHOJ KC </strong>has joined the distillery as Senior Sales Officer. Earlier, he was Area In-charge at United Spirits Nepal Pvt Ltd. </span></p>
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	<strong><br />
	</strong></p>
<p class="Pa18">
	<strong><span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#D8171F">Transfers at Prabhu Finance </span></strong></p>
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<p class="MsoNormal">
	<strong><span style="font-size:10.0pt;line-height:115%;mso-bidi-font-family:
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<p class="Pa18">
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color:#D8171F">Promotions at Sunrise Bank <br />
	<br />
	<img alt="" border="1" height="148" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/ROBIN-NEPAL.gif" vspace="10" width="120" /><br />
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<p class="Pa17" style="margin-top:5.0pt">
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	<br />
	<br />
	<img alt="" border="1" height="146" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/MANOJ-NEUPANE.gif" vspace="10" width="119" /><br />
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	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>MANOJ NEUPANE</strong> has been promoted as Manager, Head – Corporate Banking Department. Earlier, he was Deputy Manager at the bank. </span></p>
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	&nbsp;</p>
<p class="Pa18">
	<strong><span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#D8171F">Promotions at International Money Express (IME) </span></strong></p>
<p class="Pa17" style="margin-top:5.0pt">
	<strong>&nbsp;</strong><br />
	<br />
	<img alt="" border="1" height="146" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/BISHAM-POKHAREL.gif" vspace="10" width="119" /><br />
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	<br />
	<br />
	<img alt="" border="1" height="122" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/RAJU-PAUDEL.gif" vspace="10" width="99" /><br />
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	<span style="font-size:10.0pt;
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	<br />
	<img alt="yagya" border="1" height="110" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/YAGYA-PRASAD-GAUTAM.gif" vspace="10" width="88" /></p>
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	<br />
	<br />
	<br />
	<img alt="" border="1" height="140" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/RAJU-BAHADUR-KC.gif" vspace="10" width="113" /><br />
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	<br />
	<br />
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<p class="MsoNormal">
	<span style="font-size:14px;"><strong><span class="A1"><span style="line-height: 115%; font-family: ">Corporate Focus</span></span></strong></span></p>
<p class="MsoNormal">
	 </p>
<p class="Pa9">
	<strong><span style="font-size:14px;"><span class="A30">The Last Resort </span></span></strong></p>
<p class="MsoNormal">
	<strong><span style="font-size:14px;"><span class="A32"><span style="line-height: 115%; font-family: ">A Perfect Adventure Destination</span></span></span></strong></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span class="A32"><span style="line-height: 115%; font-family: ">&nbsp;<img alt="corpoate focus" border="1" height="181" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporate-focus.jpg" vspace="10" width="338" /></span></span></span></p>
<p class="Pa7">
	<span style="font-size:14px;"><span class="A4">T</span><span style="color: rgb(34, 30, 31);">he Last Resort is not only an ultimate destination for Nepali daredevils but also for adventure seekers trekking across the world in a quest for thrills. The resort, lying peacefully 100 kilometres north-east of Kathmandu has become the ultimate destination for those seeking thrills of a bungee jump and various other adventure possibilities the resort offers. <br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa8" style="text-indent:14.0pt">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Since its establishment 14 years ago, thousands of adventure lovers have flocked to the resort to calm their adrenaline pumps. The resort was established by David H Alladice and Bishnu H Neupane in 1998 October. The resort primarily established with an aim to promote adventure activities with Bungy Nepal has now expanded to numerous activities like Canyon Swing, High Ropes, Canyoning, Mountain Biking and Rafting. <br style="mso-special-character:line-break" />
	<br />
	<br />
	The Last Resort in Sindhupalchowk district, a three-and-a-half hour’s drive from Kathmandu is not a haven for adventure seekers only. The resort is also a perfect getaway for relaxation and experiencing serene nature, away from the bustling city crowds and stressful weekdays. To address non-daredevils, the resort offers various packages like “relax at the resort for one night” at the price tag of Rs 3,500. Similarly, “relax and massage package” of one night costs Rs 5,000 per person. The resort has 25 tents that can accommodate 64 persons at once that ensure quiet and peaceful stay in an exotic setting. Services like massage, sauna and plunge pool in a peaceful environment help the relaxation of body and mind. Surrounding area also hosts numerous possibilities for hiking and brief strolling to enjoy the picturesque hills and roaring river deep into the gorge. <br />
	<br />
	So, The Last Resort is absolutely not for adventurous souls only. The resort located across the Bhotekoshi River linked with a suspension bridge from the Araniko Highway receives tourists and visitors round the year. Prakash Pradhan, Resort Manager and Bungy Master says being located near to the Tibetan border, tourists visiting the surrounding hills for hiking, biking and other activities also visit the resort to quench their thirst for ultimate adventure. The resort on top of a green river gorge is 10 kilometres from Tatopani, Tibetan border and 12 kilometres from Barhabise of Sindhupalchowk. <br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa8">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">The resort does not need a special season to welcome its guests. The resort is visited round the year by Nepali and foreign visitors. However, it welcomes higher number of foreign tourists during the peak tourist season - September to November. Thakur Rimal, Assistant Resort Manager, says, “March to May and September to November is the season while rest of the year is off-season. Even in the off-season, the resort does reasonably well due to its many activities.” <br />
	<br />
	<img alt="last resort" border="1" height="217" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporate-focus1.jpg" vspace="10" width="483" /><br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Bungy Nepal <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="Pa8" style="text-indent:14.0pt">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Bungy Nepal at The Last Resort is ranked second on Asia’s five highest bungee jumps by CNNGo. It is also listed as one of the best bungee jumps around the world by numerous media. It is the second highest jump in Asia. Probably it is the most spectacular jump on the planet. Jumping off a 160 metre high bridge into the gorge of Bhotekoshi River is definitely one of the most thrilling acts to try. It is as exciting and fun as scary as it looks. After taking a leap from the 160 metre high bridge, the sense of intense thrill takes over the fear and leaves the jumper longing for never ending free fall instead of what Bungy Nepal offers – 3.5 seconds. As bungee instructors at the resort say, the jump is definitely, “Walking like a penguin and flying like a bird.” </span><span style="color: rgb(34, 30, 31);">To try the bungee jump, one must be at least 40 kg to 110 kg and 18 years and older or have consent from parents in case of a minor. The bungee begins between 11 to 11:30 am and continues usually till 4 pm. The sales office at Thamel takes 40 bookings at most but rest can be availed on-site bookings at the resort. A bus of the resort leaves Thamel at 6 am every day (6 days during the high season – Monday off, and 4 days during the off season). <br style="mso-special-character:line-break" />
	<br />
	</span></span><strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Canyon Swing </span></span></strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);"><br />
	<br />
	Canyon Swing is definitely not a kid’s swing. The Canyon Swing at The Last Resort is the world’s highest giant and ultimate swing – jumping off a 160 metres high bridge, experiencing free fall of 100 metre for seven seconds before the twin lines swing you at 150 km per hour. The company claims it is the highest in the world. The weight limit for swing is 120 kg. The swing day trip to the resort costs Rs 4,000 per person while the swing only costs Rs 3,200. <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">High Ropes <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="Pa8" style="text-indent:14.0pt">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">High Ropes is a fun filled activity at The Last Resort that can be enjoyed with family and friends. The thrilling and fun filled activity releases stress and boosts the team work. This adventure sports has various mini activities like ladders, wobbly bridges, walk ways, cargo nets, abseils and zip lines. Hillary Steps, Nepali Taxi and Bagmati River Crossing are few of the obstacles that will make anyone’s adrenaline pump. High Ropes comes with a price tag of Rs 3,500 for a day trip, Relax and High Ropes (1 night/1day) at Rs 5,800 and High ropes only at Rs 3,000. <br />
	<br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Hidden Canyons <br />
	</span></span></strong></p>
<p class="Pa8">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Canyoning at The Last Resort is not only about exploring hidden places in the Himalayas but also finding out the adventurer within oneself. The resort offers a variety of canyons from exploratory walks to some of Nepal’s most extreme environments, says the company. The guides of the resort will lead you to abseiling, jumping and sliding down steep canyon walls and waterfalls to deep pools below. It is just another adventurous way to release the tension and get adrenaline high in the blood. <br style="mso-special-character:line-break" />
	</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">The resort is spread over an area of around 18 ropanis. The land was bought from a local Guthi and around half the land is acquired by the resort from local villagers around the resort. Situated right next to a village, the resort has given back to the locality in various ways. The suspension bridge that holds the platform for bungee jumping and swing was built by the resort. The bridge not only offers the option to jump off it but also the convenient way for locals to connect to the highway. According to Pradhan, before the bridge was built by the resort, locals had to walk three hours to cross the Bhotekoshi River and reach the other side via a bridge closest to the village.<br />
	<br />
	&nbsp;Similarly, out of 68 employees, 48 are working at the resort and around 90 percent of them are locals, says Pradhan. He adds, “As part of our CSR initiatives, we help the local communities in the two VDCs of Marming and Listi Kot. We contribute Rs 400,000 each per year to the two VDCs for education, health and village development.” According to the resort, a fixed amount of every activity is spent on development of the local infrastructure and to support local projects.</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">&nbsp;</span></span></p>
<p class="Pa31" style="margin-top:8.0pt">
	<strong><span style="font-size:14px;"><span class="A16">WHERE: <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="Pa18">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Panlang-5, Sindhupalchowk district, on the Araniko highway, across the Bhotekoshi River from Marming-8, Sindhupalchowk </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;</span></p>
<p class="Pa31" style="margin-top:8.0pt">
	<span style="font-size:14px;"><strong><span class="A16">HOW TO REACH: <br />
	<br />
	</span></strong><span style="color: rgb(34, 30, 31);">100 kms from Kathmandu (approximately 3 </span><span color:="" style="font-family: ">½ </span><span style="color: rgb(34, 30, 31);">hrs drive), 14 kms from the Tibetan border. One can go by private transport, however, the resort also has its own tourist bus leaving at 6 am every day (6 days during the high season – Monday off, and 4 days during the off season). <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Default">
	<strong><span style="font-size:14px;"><span class="A16">WHEN TO GO:</span> <br />
	</span></strong></p>
<p class="Pa18">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Tourist Season (September- November &amp; March-May) <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Default">
	<strong><span style="font-size:14px;"><span class="A16">WHAT TO DO:</span> <br />
	</span></strong></p>
<p class="Pa18">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Bungy Jump, Canyon Swing, High Ropes, Canyoning, Mountain Biking, Rafting, Relax </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp; <br />
	</span></p>
<p class="Pa31" style="margin-top:8.0pt">
	<strong><span style="font-size:14px;"><span class="A16">WEATHER: <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="Pa18">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Similar to Kathmandu all season </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp; <br />
	</span></p>
<p class="Pa31" style="margin-top:8.0pt">
	<strong><span style="font-size:14px;"><span class="A16">MISCELLANEOUS: <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">A Bungy Jump/Canyon Swing costs Rs 3,200 per person per activity. The resort provides a package of Rs 4,000 per person for to-and-fro transportation, one activity and lunch. There is also a provision for overnight stay at the resort. For more details/reservations, contact The Last Resort, Sales Office, Thamel, Kathmandu: Tel 00977-1- 4700525/4701247, Email info@ thelastresort.com.np or visit its website www.thelastresort.com.np</span></span></p>',
			'published' => true,
			'created' => '2012-10-30',
			'modified' => '2012-12-06',
			'keywords' => '',
			'description' => 'The Last Resort is not only an ultimate destination for Nepali daredevils but also for adventure seekers trekking across the world in a quest for thrills.',
			'sortorder' => '614',
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	(int) 4 => array(
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			'id' => '709',
			'article_category_id' => '39',
			'title' => 'Pilot Pens Everyone’s Favourite',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
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<p>
	<span class="A46"><span style="font-size:
40.0pt;line-height:115%;font-family:&quot;Calibri&quot;,&quot;sans-serif&quot;;mso-ascii-theme-font:
minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:&quot;Myriad Pro&quot;"><img alt="deepak kumar " border="1" height="189" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/deepal.jpg" vspace="10" width="152" /></span></span><br />
	<strong>DEEPAL KUMAR PURKOTI<span class="A5"><span style="font-size:
10.0pt"><br />
	Sales and Marketing Manager</span></span><br />
	Fair Trade Pvt Ltd</strong></p>
<p class="Default" style="margin-left:.5in">
	<strong><span class="A5"><span style="font-size:10.0pt"><br />
	<br />
	<br />
	</span></span></strong><span class="A13"><span style="font-size:59.0pt;mso-bidi-font-family:
&quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi">N</span></span><span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;
color:#211D1E">o matter how much writing is being tried to be replaced by modern tools like computers and tablet PCs, writing wouldn’t be complete without a pen. When a writer’s pen writes smooth like silk and bears a powerful brand name, it would prove a cherry on top. Young toddlers to professional executives and everybody in between would love a pen that writes at every occasion. Fair Trade Pvt Ltd (FTPL), the sole authorised distributor of Pilot pens for Nepal, brings pens for all from the well known stationery brand from Japan - Pilot. <br />
	</span></p>
<p class="Pa10" style="margin-left:.5in;text-indent:14.0pt">
	<img align="left" alt="pilot" border="1" height="252" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/polit.jpg" style="margin:10px;padding:10px;" vspace="10" width="334" /><span style="font-size:10.0pt;color:#211D1E">The company has made easy availability of original pens from Pilot brand at affordable prices. Besides Kathmandu, rural Nepal also receives genuine products from Pilot through the dealerships spread over major cities in various parts of Nepal. Currently, the company has dealers in Biratnagar, Birgunj, Pokhara, Narayanghat and Hetauda, said Deepal Kumar Purkoti, Sales and Marketing Manager at FTPL. He said that the company is planning to open around three new showrooms in the near future. Through these showrooms, the company targets to reach every district and the remote villages too. <br style="mso-special-character:line-break" />
	</span></p>
<p>
	 </p>
<p class="Pa10" style="margin-left:.5in">
	<span style="font-size:10.0pt;
color:#211D1E">Though the company is distributing imported pens at the moment, it is also planning to produce pens within the country that bears the brand name of Pilot. “In around one-and-a-half-year’s time, FTPL is planning to produce certain products within the country,” Purkoti revealed. The company is planning to begin production in Nepal with a low segment pen and then expand into different categories. It is in the procedure to finalise the location for setting up the industry and investment volume. Similarly, the production capacity is not finalised yet, said Purkoti. <br style="mso-special-character:line-break" />
	</span></p>
<p class="Pa10" style="margin-left:.5in">
	<span style="font-size:10.0pt;
color:#211D1E">According to him, around 1.5 million Pilot pens are sold in Nepal annually. Super-GP, V5 series, board markers, permanent markers, gel pens, ball pens, mechanical pencils are some of the most popular categories of pens sold in Nepal. Similarly, V5 pens are popular among government officials and professionals as it is smooth and easy to write even in the Nepali paper used in government offices. Super GP, ball pens and gel pens are especially popular among students. At its showroom at Dharmapath in New Road, Pilot pens cost anywhere from Rs 15 to Rs 30,000. The fountain pen costing Rs 30,000 bears an 18-carat gold nib and cover holder. <br style="mso-special-character:line-break" />
	</span></p>
<p class="Pa10" style="margin-left:.5in;text-indent:14.0pt">
	<span style="font-size:10.0pt;color:#211D1E">The showroom was established around a year back with an investment of Rs 3 million. With the growing awareness among people about the brand, Purkoti revealed that the sale of Pilot pens lately is in an increasing </span><span style="font-size:10.0pt;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#211D1E">trend. The company imports Pilot pens from Japan. <br style="mso-special-character:line-break" />
	</span></p>
<p class="Pa10" style="margin-left:.5in;text-indent:14.0pt">
	<span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E">Dr Grip is one such pen that has antiseptic, anti-smell, anti-sweating and bacteria-free characteristics. The pen, true to its name, is even certified by doctors and costs from Rs 500 to Rs 900. Likewise FriXion series pens can write, erase and rewrite. This pen is strongly discouraged for using in examinations and signing important documents. B2P is a distinctive ball pen that is made out of recycled water bottles. The store has over 250 varieties of Pilot pens. The company is planning to bring in pens that cost around Rs 10, in the near future. FTPL is going to add more products to the available range. These upcoming products include fountain pens, V series, sketch pens, mechanical pencils, gel markers, board markers, FriXion colour sets and other products for children. </span></p>
<p class="Pa10" style="margin-left:.5in;text-indent:14.0pt">
	<span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E">FTPL has held the dealership of Pilot pen in Nepal for 30 years. It is a trading company that is in existence for three decades and has been involved in importing garments, Pilot pens, Konica Minolta products and medical equipments among others. There are 40 employees working for the company. <br style="mso-special-character:line-break" />
	</span></p>
<p class="Pa10" style="margin-left:.5in">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E">The company is revamping its marketing strategy. Purkoti says that old dealings will be done in newer ways like having wholesalers and distributors in all five development regions. Similarly, FTPL is planning to introduce promotional offerings for both customers and retailers. It will also undertake awareness campaigns by setting up stalls at schools and colleges to spread information to students. The company is planning to give away certain pens at the purchase amounting higher than a certain limit. Likewise, it is also thinking of giving special offers and gift hampers to dealers as well. <br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal" style="margin-left:.5in">
	<span style="font-size:10.0pt;
line-height:115%;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E">FTPL believes in delivering quality. Similarly, it envisions each and every person writing with Pilot pens. The company does not feel competition in the market on account of either quality or brand value. However, Purkoti accepts the competition with regards to the price. Purkoti feels the absence of legal mechanism to demoralise the availability of counterfeit products. He recommends the customers to look for quality rather than the price and always choose genuine products.<br style="mso-special-character:line-break" />
	</span></p>',
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			'created' => '2012-10-11',
			'modified' => '2012-10-30',
			'keywords' => '',
			'description' => '“We are planning to open around three new showrooms in the near future. Through these showrooms, the company targets to reach every district and the remote villages too.”',
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	(int) 5 => array(
		'Article' => array(
			'id' => '671',
			'article_category_id' => '39',
			'title' => 'Chilime Hydropower : Dreaming Large',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong>“We have made sure that all people have share holdings in this company. With this model, we have ensured 360 degree participation and made it a people’s company.” <br />
	</strong><br />
	<br />
	<img alt="" border="1" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporare_kulman.jpg" style="width: 169px; height: 206px;" vspace="5" /><br />
	<br />
	<strong>KUL MAN GHISING <br />
	Managing Director <br />
	Chilime Hydropower Co Ltd <br />
	</strong><br />
	<br />
	If dreaming big is the norm for corporate houses, it is larger for Chilime Hydropower Company Limited. Having an installed production capacity of 22.1 Megawatts (MW) hydroelectricity at the moment, it envisages producing 500 MW of hydroelectricity by 2020. Similarly, it dreams to be the largest hydropower company in Nepal. <br />
	<br />
	<img alt="Chilime Hydro Power" border="1" height="285" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporatefocus_banner.jpg" vspace="5" width="400" /><br />
	<br />
	Chilime has actually begun working towards its 2020 vision already. Right after the generation of hydroelectricity began on 25August 2003, the company applied for further projects and has four projects in its pipeline now. They are Rasuwagadhi Hydropower (111 MW), Senjen (42.5 MW), Upper Senjen (14.5 MW) and Madhya Bhotekoshi (102 MW). These projects will remain under Chilime’s subsidiaries: Rasuwagadhi Hydropower Company Limited, Madhya Bhotekoshi Jalavidhyut Company Limited and Senjen Jalavidhyut Company Limited. The parent company Chilime owns and operates a 22.1 MW power plant located in Rasuwa district. <br />
	<br />
	Kul Man Ghising, Managing Director of Chilime, reveals, “We have already planned on how to move ahead after completing these four projects. Two projects will come into operation after four years while the other two will commence operation after five years.” <br />
	<br />
	<img alt="" border="1" height="408" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/chilime.jpg" vspace="5" width="400" /><br />
	<br />
	Chilime is also planning to get into reservoir based hydel plants along with sizeable projects of up to 500 MW. Ghising confidently says, “We have that capability as we are financially strong. We will get even stronger with the completion of four projects, both technically and financially.” Chilime has well understood that without sizeable projects, economies of scale in hydropower sector cannot be achieved and the price won’t reduce either. Chilime has applied for licenses of large scale power plants namely, Uttarganga (300 MW), Upper Arun (335 MW) and Langtang Project (232 MW). “We are hopeful to get licenses of some of these projects. After having license(s) in hand, we will go into construction phase within three years,” says Ghising. Chilime is looking forward to add more projects to its portfolio by 2014/15 so that it will have projects of around 800 MW by 2020 including operational capacity of 500 MW. This will help Chilime leap one step forward to meet its dream to establish itself as the largest public hydropower company in Nepal. <br />
	<br />
	Since its establishment, it has optimally utilised the local resources of Nepal –technical manpower and financing etc. Ghising says that the company is operating on a model of public-people-partnership. Therefore, 51 per cent of the stakes is held by the Nepal Electricity Authority (NEA) and 49 per cent by the general public including 10 per cent equity ownership of the local people at the project sites. He claimed Chilime to be the first public limited hydropower company of Nepal. <br />
	<br />
	The company has adopted a model that has been highly successful for managing capital for investing in hydropower. It includes investors, regulator, government bodies, the operator’s employees, buyers and also the consumers for financing hydropower. Ghising says the model that has been introduced by Chilime has proved to be a milestone for the Nepali hydropower sector. “When developing a 200 MW project was thought impossible without foreign investment and support from donors like Asian Development Bank (ADB) and World Bank, we have used money within Nepal to finance upcoming projects for a total of 270 MW,” he boasts, “Chilime has collected Rs 4 billion in four days. The confidence of the general public to invest in hydropower has developed because of us.” <br />
	<br />
	Ghising clarifies that Chilime is not a Public Private Partnership (PPP) company. It is rather a people focused company. He says that Chilime has moved on to the 4P model – peoplepublic- private-partnership as it has also involved private entities in its subsidiary companies. “We have made sure that all people have share holdings in this company. With this model, we have ensured 360 degree participation and made it a people’s company.” <br />
	<br />
	<img alt="chilime hydro power" border="1" height="405" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/chilmme111.jpg" vspace="10" width="400" /><br />
	<br />
	Ghising believes that a huge amount of hydropower can be developed in Nepal if more than a dozen hydropower companies adopt the same model. Chilime is looking forward to business expansion and to meet this objective, Ghising feels the need for foreign direct investment (FDI). He believes that international companies will easily be ready for partnership with Chilime as it has a huge public base and is a stable company in Nepal. <br />
	<br />
	Chilime has also helped locals prosper by making them the shareholders of the company. Ghising says that shareholding households of Rasuwa district have liquid assets of Rs 500,000 each because of the Chilime shares they own and dividends they receive. Ghising says that locals own 500 units of shares per household. “Each household will be proud to have at least Rs 2 million worth of shares after five years as the bonus shares and dividends go on adding up.” <br />
	<br />
	The company has been distributing around Rs 35,000 to 40,000 every year as dividend to each household. Ghising says that Rs 90 million was distributed last year in Rasuwa district alone as dividend. The company had distributed 70 per cent dividend last year – 30 per cent cash and 40 per cent bonus share. “This has helped in inclusive growth of locals along with creating a sense of ownership towards the project,” he says. Likewise, as part of its Corporate Social Responsibilities (CSR), the company spends over Rs 10 million every year on various activities like education, health, drinking water, roads, electricity and other social causes. <br />
	<br />
	The company had made a net profit of Rs 843.14 million in the fiscal year 2010/11. This year, the company’s net profit remained around Rs 950 million. The revenue collection of the company in the fiscal year 2011/12 was around Rs 1.2 billion. <br />
	<br />
	The total financing cost of Chilime at the time of completion of its project in Rasuwa was Rs 2.5 billion. While Rs 960 million was managed through equity investment, rest of the amount was materialised from borrowings. The company paid back its loan within three years. Chilime, at present, has paid up capital of Rs 1.35 billion. It is investing around Rs 7 billion in four projects within the course of the next five years. However, the total cost of these projects is around Rs 33.2 billion. Around Rs 16.6 billion will be invested by the Employees Provident Fund (EPF) while the rest will be managed through equity management. <br />
	<br />
	Ghising ruled out the dispute over Bhotekoshi rafting saying everybody in the region is warm heartedly welcoming the project. Earlier, it was being said that the rafting business will be disturbed due to the construction of the project. Ghising insisted that the actual rafting generally begins from Middle Bhotekoshi Project Power house area and will not affect rafting activities in any way. <br />
	<br />
	<img alt="" border="1" height="302" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/chilime112.jpg" vspace="5" width="300" /><br />
	<br />
	He also promises to promote the rafting business and develop an international community rafting centre with rafting museum, a convention hall and a rafting training institute along with building gateways for rafting at numerous points on the banks of Bhotekoshi. He also sees possibilities for development of Eco- Hydro-tourism that will also boost revenue collection at Sindhupalchowk district. The company has made a slogan ‘Hydropower together with tourism’ to reinforce its promises. Chilime has a complaint that the hydropower sector is missing the presence of a regulator to check and balance the developers as well as the NEA. Ghising says that the hydropower sector is not as transparent as it should have been. <br />
	<br />
	Chilime is planning to export its surplus production after meeting the local demand. Similarly, it will also begin working towards backward integration like a tie-up with the turbine manufacturers, operation &amp; maintenance and consulting for hydropower sector. <br />
	<br />
	<img alt="swot analysis" border="1" height="142" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/swotanalysis.jpg" vspace="5" width="250" /><br />
	<br />
	<br />
	<strong>STRENGTHS </strong><br />
	<br />
	• Financially strong <br />
	<br />
	• Technically sound <br />
	<br />
	• Credibility <br />
	<br />
	• Goodwill <br />
	<br />
	• Public support <br />
	<br />
	<br />
	<br />
	<strong>WEAKNESSES </strong><br />
	<br />
	• Time taking procedures for procurement of goods and services. <br />
	<br />
	<br />
	<br />
	<strong>OPPORTUNITIES </strong><br />
	<br />
	• Huge market opportunity <br />
	<br />
	• Potential to generate hydropower <br />
	<br />
	<br />
	<br />
	<strong>THREATS </strong><br />
	<br />
	• Possibilities for project delays <br />
	<br />
	• Unnatural demands from locals <br />
	<br />
	• Weak financial health of the NEA - the buyer of electricity <br />
	<br />
	• Political instability <br />
	<br />
	• Unavailability of adequate technical manpower in the market <br />
	<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-15',
			'modified' => '2012-10-10',
			'keywords' => '',
			'description' => 'Chilime Hydropower Dreaming Large “We have made sure that all people have share holdings in this company. With this model, we have ensured 360 degree participation and made it a people’s company.”',
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	(int) 6 => array(
		'Article' => array(
			'id' => '651',
			'article_category_id' => '39',
			'title' => 'Arun Valley HDC : For Rural Electrification',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="corporate focus" border="1" height="285" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/julycorporatefocus.jpg" vspace="5" width="400" /><br />
	<br />
	<strong>“Piluwa Khola Small Hydropower Project is an exemplary hydropower project developed by the private sector.” </strong><br />
	<br />
	<img alt="ramesh neupane" border="1" height="230" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporateimages.jpg" vspace="5" width="200" /><br />
	<br />
	<strong>RAMESH NEUPANE <br />
	Managing Director, AVHDC </strong><br />
	<br />
	<br />
	<br />
	“Domestic capital and technology are sufficient to rescue the country from the present energy crisis,” Ramesh Neupane, Managing Director of Arun Valley Hydropower Development Company (AVHDC) asserts. The rationale for this claim is: his company has built a 3-MW Piluwa Khola Small Hydropower Project in Sankhuwasabha district within 36 months. Out of the total 75, there are 40 districts in Nepal suitable and feasible for electricity generation. If a 5-MW plant is established in each of these districts, about 200-MW of energy will be added to the national grid within three years. When private sector adds 200 MW of power every three years, it is very possible that the same force can liberate Nepal from the energy crisis within a short period of time. <br />
	<br />
	According to Neupane, such a target can be achieved only if the government motivates the private sector. He underscored six points on making hydropower a centre of attraction for investment. First, the government should extend the license period from existing 35 years to at least 50 years for hydropower projects over 5 MW while the projects below it should be allowed to own the project for a lifetime. Second, Nepal Electricity Authority (NEA) must amend and increase electricity purchase rate in line with the inflation rate. “Price of electricity should be determined on the basis of demand and supply. NEA should increase the electricity tariff to the customers and with this effect, should also provide reasonable price to hydropower project developers,” he said. Third, the government should exempt VAT to hydropower projects. Investment in hydropower projects should be declared as tax free business till the country does not have sufficient power. This will help to attract investment into this sector. Fourth, Hydropower Finance and Development company of the government should be activated and provide long term loans on subsidised rates to the projects. Also, the capital market has to be liberal to raise funds from potential Nepali investors by issuing shares and debentures. Foreign investors should be attracted to invest in hydropower projects and allowed to trade shares in Nepal’s stock market. Fifth, the government should provide security to all projects. <br />
	<br />
	The cost of the security staffs has to be borne by the government and some field allowances are to be paid by the developers. Lastly, the government should build high voltage transmission lines from North to South to transmit energy generated in the Northern region to the Southern market of Nepal. Private sector investment in BT and/ or BOT model has to be allowed and this work should get higher priority. Additionally, Nepali energy system has to be connected with the Indian system so that energy can be imported when there is shortage and supplied when there is a surplus. Therefore, the construction of Nepal-India Cross Border Transmission Line is the urgent demand of the nation. <br />
	<br />
	In putting forward these constructive suggestions, Neupane speaks of his company’s experience as the pioneer company to introduce the concept of developing hydropower projects from the private investment in Nepal. In 1997, when the entire country was in the grip of Maoist insurgency, a group of people dared to establish Arun Valley Hydropower Development Company believing that it is possible for the private sector to build capital intensive projects such as hydropower provided there is a favourable environment, laws and policies for investment. The objective behind the establishment of Arun Valley was to construct, develop and operate small hydropower projects utilising domestic resources, technology and capital. <br />
	<br />
	When they planned to embark on their first project - Piluwa Khola Small Hydropower Project - they not only had to face difficulty to get the government’s support but also to fetch finance for it. When the AVHDC team approached the then Minister for Water Resources Sailaja Acharya with the concept, she expressed her surprise over the idea of a private sector company developing hydropower projects. But, impressed with their innovative concept, she pleaded help in every step of their project development. Their follow-ups in the Ministry of Water Resources bore fruits when NEA started to sign Power Purchase Agreement (PPA) with the private power developers. <br />
	<br />
	The team got a survey license from the Department of Electricity Development (DoED) of NEA to conduct feasibility study of Piluwa Khola Small Hydropower Project in Sankhuwasabha district. After completion of the survey, they applied for PPA. Minister Acharya helped them in getting a rate of Rs 3.0 for the wet season and Rs 4.25 for the dry season with an escalation of 6 percent for a period of five years. The escalation was supposed to be revised after five years but has not taken place till date, said Neupane. At that time, another setback was to find loan capital for the project. The project was planned with 30 per cent equity of the company and arranging 70 per cent loan from banks and financial institutions (BFIs). “As hydropower projects were the new investment area for the Nepali commercial banks, they were not ready to provide us loan in the initial phase,” said Neupane. Most of the BFIs doubted whether a private company can actually build and complete a hydropower project and will be able to pay back the loan amount. Finally, Manoj Goyal, the then CEO of the Bank of Kathmandu (BoK) took the risk and the first project of the company was financed and completed within the targeted time frame of 36 months. The project construction work was started in February 2001 and was completed in June 2003 while commercial operation started from August 2003. Arun Valley now has its own land and office building at Milan Chowk of Baneshwor and is listed in Nepal Stock Exchange.<br />
	<br />
	“The share price of this company ranges between Rs 300 and Rs 400 and the company claims that the market price of an Arun Valley Hydropower Company share will not be less than Rs 1000 upon the completion of Kabeli B1 Hydropower Project. “Piluwa Khola Small Hydropower Project is an exemplary hydropower project developed by the private sector,” argues Neupane. The company has been regularly distributing dividends to the shareholders of the company for the last seven years. “Investors have already got the return of their initial investment on the project. What they are getting now is their bonus,” shares Neupane. The second project of AVHDC is Kabeli-B1 Hydroelectric Project on Kabeli River flowing through the border of Taplejung and Panchthar districts. The project has completed the detailed feasibility study. The run-of-river project with an installed capacity of 25 MW, will sign PPA with the NEA within mid July. “The total project cost is estimated to be Rs 3,500 million. Of this total investment, 70 percent (Rs 2,450 million) will be raised from bank loan and the remaining Rs 1,050 million from the equity of share holders,” said Neupane. The company will issue rights shares to its existing shareholders to finance this project. <br />
	<br />
	A new company named Arun Kabeli Power Limited has been established as Arun Valley’s sister company to look after this project. “We have acquired 50 ropanis of land for the project and will be floating 39 per cent of the project company’s shares to the strategic partners in the beginning of next fiscal year,” said Neupane. Arun Valley Hydropower Development Company Limited will hold 51 per cent share of the project while the local people will have the opportunity to invest up to 10 per cent of the equity investment in this project. <br />
	<br />
	Lower Pheme Khola Small Hydropower Project is the second under construction project of the company located in the Mechi corridor. The project with an estimated cost of Rs 436 million has also reached the stage of PPA signing. “We will begin construction work immediately after signing the PPA,” said Neupane. <br />
	<br />
	The third project under development, Upper Piluwa Khola Small Hydropower Project, is being developed by Upper Piluwa Khola Hydropower Company Limited. AVHDC has the majority shares of this company. The project will be developed by setting-up a diversion weir from five kilometre up-stream of existing Piluwa Khola Small Hydropower Project. The project with an installed capacity of 9.6 MW has also reached the stage of PPA signing. Talking about the uniqueness of his company, Neupane shares that his company has more than 22,000 big and small shareholders. The company is in favour of mobilizing large number of people as investors in hydropower projects. The size of investment is as low as Rs 100,000. The company strives to keep the project construction costs low, complete the projects on time and distribute dividends to shareholders. Arun Valley is committed to utilise domestic capital, resources and technology to the optimum level and give relief to the country from prolonged hours of load-shedding even during the monsoon. “We have bid goodbye to load shedding in Gulmi and Sankhuwasabha districts. It is our vision now to lift the entire country from the existing energy crisis,” shares Neupane.<br />
	<br />
	It is his understanding that entrepreneurship, dedication and hardworking makes any project a success. “The technology for generating power from the running mountain water is well proven. We simply follow the art of technology,” he said. Neupane supports the idea of Foreign Direct Investment (FDI) to cash Nepal’s optimum potential in hydropower sector. He believes that the present political instability is the main impediment in attracting FDI in Nepal. “The first thing foreign investors consider is the risk involved in their investment. To minimise the risk, the government should sign a Power Development Agreement (PDA) with all the big and small project developers as well as local and foreign investors,” said Neupane. According to him, FDI will increase if the government requests foreign investors to invest in Nepal by agreeing to guarantee the security of their investments. The company also plans to attract new investors to invest in its new power projects namely Kable B-1 (25 MW), Upper Piluwa Khola (9.6 MW) and Lower Pheme Khola (3.5MW). <br />
	<br />
	<br />
	<strong>Swot Analysis <br />
	<br />
	<br />
	STRENGTHS </strong><br />
	<br />
	<br />
	• Motivated staffs <br />
	<br />
	• Stability of the company <br />
	<br />
	• Loan free company <br />
	<br />
	• Listed in the Nepal Stock exchange <br />
	<br />
	<br />
	<strong><br />
	WEAKNESSES </strong><br />
	<br />
	<br />
	• Employee turnover <br />
	<br />
	• Difference of thought between developers <br />
	<br />
	<br />
	<strong>OPPORTUNITIES <br />
	</strong><br />
	<br />
	• Developing partnership with local government <br />
	<br />
	• Developing projects with foreign investors <br />
	<br />
	<br />
	<strong>THREATS </strong><br />
	<br />
	• Unhealthy competition <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-10',
			'modified' => '2012-09-17',
			'keywords' => '',
			'description' => '“Domestic capital and technology are sufficient to rescue the country from the present energy crisis,” Ramesh Neupane, Managing Director of Arun Valley Hydropower Development Company (AVHDC) asserts. The rationale for this claim is: his company has built a 3-MW Piluwa Khola Small Hydropower Project in Sankhuwasabha district within 36 months. Out of the total 75, there are 40 districts in Nepal suitable and feasible for electricity generation. If a 5-MW plant is established in each of these districts, about 200-MW of energy will be added to the national grid within three years. When private sector adds 200 MW of power every three years, it is very possible that the same force can liberate Nepal from the energy crisis within a short period of time.',
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	(int) 7 => array(
		'Article' => array(
			'id' => '644',
			'article_category_id' => '39',
			'title' => 'ICT Branding Expo - Version 2.0',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The fifth ICT Info-Trade Fair 2012, the ICT Branding Expo, will be organised from 5 January by Information Communication and Technology (ICT) Association of Nepal at Exhibition Hall in Kathmandu. The five-day long exhibition will showcase latest and innovative information technology products. According to Sagar Dev Lakhe, President of the ICT Association of Nepal, the expo is being promoted as a branding expo for the second year in a row. Lakhe said it is a challenging job to promote a branding expo in the market where extensive use of IT is primarily limited to only the urban centres.</p>
<p>
	Last year's expo was successful so we have improvised on it and given continuity to the event, he added. ICT Association has been organising expos every year. According to Lakhe, such an expo must look and feel like an IT expo. So, we are using social media and IT to the utmost level and the visitors will be seeing and experiencing technology right from the entrance to the exit,â€ Lakhe said.</p>
<p>
	The slogan of the event is Bridging digital divide in IT Trade. The expo will showcase branded products popular in Nepal and abroad along with the latest innovative products and technology. Avid, Baleyo, CHIMEI, Creative, Delta, Digicom, EV, Fujikura, Hasee, Inktech, Philips, Smart Cell and ZTE are some of the brands participating in the expo. TP Link is the title sponsor of the expo. The event is expected to increase demand for technology products.</p>
<p>
	Lakhe said It is not a sales expo but a pre-sales expo which is expected to create future market prospects. We are expecting visitors to acquire as much information as they can about the products and technology on offer and meet their needs. The provision to book and purchase tickets online has been arranged. The fans on its Facebook page are entitled with certain discounts on entry charge. Around 200,000 visitors are expected to visit the expo. Lakhe assures that visitors need not worry about the parking space and quality food available at the food court. TechKnow Zone, Wi-Fi Lounge, VIP Lounge, Business Development Room, Food court are some of the specialities of the expo. The association has planned to inaugurate the event by an especially able person who has been making a living with the use of IT. It is also planning to felicitate persons who have been contributing to the sector for more than three decades but remaining away from the limelight, during the closing ceremony of the expo on 10 January.</p>
<p>
	<strong><img align="left" alt="focus" border="1" height="170" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/nikhiii.jpg" vspace="1" width="150" /></strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Nikhil Bansal</strong></p>
<p>
	<strong>Director Hitech Distribution Pvt Ltd and Spokesperson,ICT Association of Nepal <br />
	</strong></p>
<p>
	The fifth ICT Info-Trade Fair 2012, the ICT Branding Expo to be held from 5 to 9 January is an exhibition in the true sense. Unlike other expos, it is not merely a selling point for products. At this expo, one will get to see and experience IT from the time of planning to visit the expo right till the time they come out of the venue. It is not only about uniting potential clients and exhibitors at a place but also about disseminating information about brands, products and innovations and sharing necessary information required for making a purchase decision.</p>
<p>
	The success of the expo will not be calculated on the amount of sales and number of products sold. This year's ICT expo will be the true exhibition of latest innovations, technologies, products in addition to creating a brand image in a manner that the established image actually begins giving desired outcomes after the event. The expo is intended to be of truly international standards and managed in such a way that visitors and stalls management are fully taken care of. The Visitors will mainly comprise those who are tech savvy and have a certain level of understanding on technology. While it is not possible to spend hours to introduce a simple product for a novice, we don't mean to devalue visitors as this is also an exhibition for anyone who is interested in it.</p>
<p>
	Apart from utilising the technology to its fullest, this expo will also showcase extraordinary quality in terms of stall and visitor management. We expect people to gain as much information as they can and exhibitors can share all they have. We want to ensure that people neither ignore the stalls nor do they gather at one stall for a long period of time.This is an upgrade to previous years expos and the association is dedicated to take it to the next level.</p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><img align="left" alt="focus" border="2" height="163" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/sagar-lakhe.jpg" vspace="2" width="150" /></strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Sagar Dev Lakhe <br />
	</strong></p>
<p>
	<strong>President ICT Association of Nepal</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>What are the preparations so far for the expo?</strong></p>
<p>
	Almost 99 per cent of the preparations are over. All sponsors, dates, venues and events are finalised. Similarly, almost all the stalls are booked.</p>
<p>
	<strong>What are you doing to change the trend of expos being treated as a shopping destination of late?</strong></p>
<p>
	We have made a provision of e-ticketing through http://ict.org.np/ where users can print the ticket on their own which is totally a new practice for expos. Similarly, Facebook, Twitter, Google+, LinkedIn and YouTube are used to the fullest to ensure quality visitors. As per our analysis, this is the first expo that has properly used the social media. It is not a sales expo but a pre-sales expo which is expected to create future market prospects. We are expecting visitors to acquire as much information as they can about the products and their needs.</p>
<p>
	<strong>You have promised to have quality visitors at the expo this time around. How are you planning to achieve that? <br />
	</strong></p>
<p>
	The use of social media and provision of online registration is a step towards this. Similarly, we have doubled the price than the expos held earlier and discount can only be secured through online registration and Facebook page. Executive level visitors are quite hesitant to visit expos as they are afraid that their profile may be devalued or may not get the deserving attention. We need to change this so we have arranged a separate entry point for the executive visitors. Similarly, separate gates are being arranged for the entry of corporate level visiting card holders, discount holders, pass holders, students etc. All these initiatives can at least make executive visitors mentally prepared that these expos are for them too.</p>
<p>
	<strong>You have named this a branding expo. How will it be different and help promote exhibitors respective brands?</strong></p>
<p>
	Last year's expo was a successful one and it encouraged us to organise its version 2.0 this year. At a branding expo, visitors get to see the difference between general expos and a branding one. Stalls are set up as per international standards where different brands portray themselves. This is an important and meaningful platform for brand promotion to the intended customers. We have also put retail stores in a fish market manner so there will be a comparison of quality of participating stalls which will leave a huge difference on impression.</p>
<p>
	<strong><img align="left" alt="focus" border="2" height="155" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/ashokia.jpg" vspace="2" width="150" /></strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	Ashok Agrawal</strong></p>
<p>
	<strong>Managing Director Action Point Nepal Pvt Ltd (TP Link - Title Sponsor of the event) <br />
	</strong></p>
<p>
	The last year's expo successfully portrayed its quality and the theme of being a branding expo. It truly gave an impression of an international standard expo by its look, venue, stalls and the quality of exhibition. We expect the same this year too. Our main focus during the event will be on branding and we hope our brand TP Link finds recognition in the market.</p>
<p>
	We want our customers to identify with the brand and are not looking for one time sales from the event. Our objective is to share our information, promote ourselves and educate customers so that our brand gets established in the market. We will be showcasing some of the brands we deal with, during the fiveday long event.</p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Roshan Bhandari<img align="right" alt="focus" border="2" height="156" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/nikku.jpg" vspace="1" width="150" /></strong></p>
<p>
	<strong>Managing Director Human Click (Gold Sponsor of the Expo) <br />
	</strong></p>
<p>
	The ICT Info-Trade Fair has been doing well since the time it began and has been successful in managing stalls and visitors well. We expect 300-400,000 visitors turning out at this year's expo. At this year's branding expo, only the branding channel, distribution channel and authorised channels will be having their stalls in the main hall.</p>
<p>
	The branding expo proves better than other expos for both visitors and businesses as they will be trying to know each other and gather information for future deals. We are showcasing Philips monitors and Creative brands professional audio and visual products. The 3D monitor from Philips, which we will be launching during the expo, is expected to be one of the major highlights. Similarly, we are also displaying energy efficient monitors with IPS technology that can save up to 70 per cent of energy compared to other monitors available in the market. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-24',
			'modified' => '2012-09-17',
			'keywords' => '',
			'description' => 'The fifth ICT Info-Trade Fair 2012, the ICT Branding Expo, will be organised from 5 January by Information Communication and Technology (ICT) Association of Nepal at Exhibition Hall in Kathmandu.',
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	(int) 8 => array(
		'Article' => array(
			'id' => '643',
			'article_category_id' => '39',
			'title' => 'Norvic: Care At Its Best',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="top" alt="corporate focus" border="6" height="212" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/nervi.jpg" vspace="5" width="300" /></p>
<p>
	Chaudhary Group, a prominent corporate house of Nepal, established Norvic International Hospital in 1993 as a 30 bed facility. Today, the hospital operates 100 beds as a full-service community healthcare facility where 40 per cent of the beds are reserved for critical care Intensive Care Unit (ICU) and Coronary Care Unit (CCU).</p>
<p>
	Growing at a steady 20 per cent per annum for the last three years, it is scheduled to add 66 more beds by the end of March 2012. It also plans to become a 200-bedded super specialised general hospital in the very near future. Praveen Dawar, Vice-President of Norvic International Hospital &amp; Medical College Pvt Ltd says, We are the leading private sector hospital in Nepal and the leading hospital overall, for critical care. Over the years, the hospital has experienced major restructuring with an increase in number of Inpatient beds and progressive expansion of ambulatory care and day surgery. It has also gone through redevelopment of the Emergency Department, Cancer Clinic and Outpatient Specialty Clinics. Having achieved many firsts in healthcare treatment,</p>
<p>
	Norvic provides 24 hours emergency services and modern operation theatres backed by its excellent post operative care. The hospital started preventive health services packages for a handful of companies in 2004. Currently, over 60 organisations in Nepal&nbsp; embassies, INGOs, UN missions, airline companies, bank, corporate houses and department stores among others&nbsp; are closely associated with the hospital and have annual health screening of their staff done there.</p>
<p>
	<br />
	<strong> </strong></p>
<p>
	<strong><img align="left" alt="corporate focus" border="5" height="192" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/norve.jpg" vspace="5" width="150" /></strong></p>
<p>
	<strong><br />
	</strong></p>
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	<strong><br />
	</strong></p>
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	<strong><br />
	</strong></p>
<p>
	 </p>
<p>
	 </p>
<p>
	 </p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Praveen Dawar <br />
	</strong></p>
<p>
	<strong>Vice-President Norvic International Hospital &amp; Medical College Pvt Ltd</strong></p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Human Resource</strong></p>
<p>
	A highly skilled staff of affiliated physicians, full-time and part-time professional health care staff and active volunteers serve the hospital in their respective capacities. The staff benefits from the hospital's commitment to quality, continuous learning, cross training, skills development, adequate exposure, fun events and activities, flexibility, balance, leadership and a sense of community. It's a team effort where everybody is important and has a crucial role to play. We work as a family unit and do our very best for the patients that come here,says Dawar. The hospital has total staff strength of 380 with 78 Consultant Doctors, 15 of them on the hospital's payroll; 31 Medical Officers; 120 Nurses and a whole lot of support staff manning housekeeping, vehicles, maintenance and security departments.</p>
<p>
	<strong>Customer Focus</strong></p>
<p>
	With years of experience, the hospital has designed many progressive health packages to suit individuals, families, professionals, business executives, students, children and senior citizens. There is a separate Norvic Care Division (NCD) which propagates Prevention is better than Cure by advocating regular medical check-ups. NCD also undertakes Outreach Free Check-up Medical Camps to reach underprivileged masses and help the downtrodden. The hospital commits itself to care and looks at providing world class quality healthcare at an affordable cost. We strive to create strong customer focus in all the operational areas of Norvic Hospital,â€ confirms Dawar.</p>
<p>
	<strong>Marketing <br />
	</strong></p>
<p>
	The hospital is presently running to its full capacity with 80 operating beds always occupied and approximately 500 OPDs per day. It conducts a good number of free medical camps within the Kathmandu Valley as well as outside of it, to promote awareness about the hospital. There are four camps organised every month and besides the medical camps within the valley, the hospital also reaches out to locations outside the valley such as Charikot, Kavre, Baglung, Kakani, Dakshinkali etc. At these camps, the medical check-ups are done free of cost and medications too are provided at no charge. Dawar informs, We do a lot of direct marketing by sending out e-mails updating people on medical camps and new facilities at the hospital. We also hold talk programmes at different organisations that include INGOs, UN missions, banks etc.</p>
<p>
	<strong>Credible Reputation</strong></p>
<p>
	Contrary to public perception, even the population belonging to the lower middle class can easily afford the hospital, shares Dawar. With 23 beds in the general category that has reasonable hygienic conditions, a bed can cost a patient around Rs 1,000 per day. Standard beds at the hospital cost around Rs 1,800 per day, there are a total of 13 standard beds. Despite being a local hospital, it has reached international standards, claims Dawar. He says that even the expatriates living in Nepal who have seen the best of medical facilities in their home countries have great confidence in Norvic. The hospital is best known for its specialisations related to cardiac care, neuro-surgeries, gastroenterology, orthopaedic surgeries, general/internal medicine, pulmonology and hepatology. In addition to the patients that come to the hospital from within Nepal, it has also been receiving patients from Bhutan and eastern part of India namely North Bengal and Assam quite steadily. Dawar says he will consider Norvic to have achieved success the day when nobody from Nepal has to go to Singapore, Bangkok or India for treatment. That should be our long term goal, to give patients enough confidence and dissuade them from going abroad for treatment, Dawar confides.</p>
<p>
	The hospital is particularly proud of its association with Dr Naresh Trehan, the Founder Chairman of Medanta - The Medicity. Eminent Cardiologist Dr Bharat Rawat was placed at Norvic Hospital by the prestigious Escorts Heart Institute and Research Centre (EHIRC) for a period of three months in 1997. But he liked it so much here that he has been with us for 14 years now, Dawar tells with a smile. Norvic is currently working towards specialising in five more critical areas to be converted to its portfolio of super specialities.</p>
<p>
	Our intention is to stay contemporary with the latest technology and development in the chosen field of medical sciences and provide quality care at affordable price to everybody who comes to us seeking treatment,Dawar concludes on a positive note.</p>
<p>
	<span style="font-size:14px;"><strong>Milestones</strong></span></p>
<p>
	<strong>1993: Norvic registered as Norvic-Health Care &amp; Research Centre Limited. Services started with 30 beds. </strong></p>
<p>
	<strong>1997: Shifts to its own premises in Thapathali&nbsp; a 100 bed facility.</strong></p>
<p>
	<strong>1998: MoU signed between Norvic and Escorts Heart Institute &amp; Research Centre, New Delhi to start a Heart Command Centre.</strong></p>
<p>
	<strong>1999: Centre for Neurological &amp; Allied Sciences established. Neurosurgical Procedures started. First Pacemaker Implant conducted.</strong></p>
<p>
	<strong>2000: First Cath Lab in the country established.</strong></p>
<p>
	<strong>2002: First Beating Heart CABG Procedure and Coronary Angioplasty (PTCA) carried out. Norvic certified with ISO 9001:2000 Certification for Quality Management System.</strong></p>
<p>
	<strong>2003: Peripheral, Cerebral, Renal and Carotid Angioplasties carried out.</strong></p>
<p>
	<strong>2004: Norvic starts a dedicated state-of-the-art Digestive Disease Centre with Endoscopy, Sigmoidocopy and Colonoscopy facilities. Obstetrics &amp; Gynaecology department established.</strong></p>
<p>
	<strong>2005: Mini PCNL commenced to enhance and specialise the Urology faculty. CT scan established. Immunisation programme for the United Nations started. Norvic signs billing agreement with Vanbreda International of Belgium.</strong></p>
<p>
	<strong>2006: First everTotal Knee Replacement surgery carried out. Norvic signs agreement with the Asian Development Bank (ADB) for medical care. <br />
	</strong></p>
<p>
	<strong>2007: State-of-the-art Mission: Save Heart Mobile CCU started. Norvic signs agreement with UNMIN for medical care.</strong></p>
<p>
	<strong>2008: Norvic signs agreements with International Organisation for Migration (IOM) and Department for International Development (DFID).</strong></p>
<p>
	<strong>2009: Sophisticated GE Innova-2000 Fixed Cath Lab installed to further enhance Interventional Procedures. Advanced Diagnostic Centre comes into operation. Norvic Institute of Nursing Education (NINE) established. Norvic joins hands with Action Aid and GTZ providing them health care packages and facilities.</strong></p>
<p>
	<strong>2010: Specialised Dental Care added to the existing facilities. First ever Laser Surgery starts in the history of Urology in Nepal. The 3rd phase of Norvic's expansion plans begins.</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<span style="font-size:14px;"><strong>SWOT Analysis</strong></span></p>
<p>
	<strong>Strengths:</strong></p>
<ul>
	<li>
		&nbsp;Established Brand Name</li>
	<li>
		&nbsp;Best Hospital for Critical Care</li>
	<li>
		&nbsp;Clean and Hygienic Ambience</li>
	<li>
		&nbsp;Complete Line of Products as a Multi Speciality Hospital</li>
	<li>
		&nbsp;Good Team of In House Doctors</li>
	<li>
		&nbsp;Central Location</li>
	<li>
		&nbsp;Mobile CCU and 24 hrs Emergency &amp; Trauma Care</li>
</ul>
<p>
	 </p>
<p>
	<strong>Weaknesses:</strong></p>
<ul>
	<li>
		People's Perception of Norvic being a Costly Hospital</li>
</ul>
<p>
	<strong>Opportunities:</strong></p>
<ul>
	<li>
		&nbsp;Expand to other Super Specialities</li>
	<li>
		Tie Up with Medanta“ The Medicity</li>
	<li>
		Medical College (fi rst batch in 2014)</li>
</ul>
<p>
	<strong>Threats: <br />
	</strong></p>
<ul>
	<li>
		Competition with International Manpower &nbsp;</li>
</ul>
<p>
	 </p>
<p>
	 </p>',
			'published' => true,
			'created' => '2012-02-24',
			'modified' => '2012-09-17',
			'keywords' => '',
			'description' => 'Norvic commits
itself to care
and looks at
providing world
class quality
healthcare at an
affordable cost.',
			'sortorder' => '543',
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '579',
			'article_category_id' => '39',
			'title' => 'SG Global: Entering A New League',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><img align="top" alt="corporate focus" border="5" hspace="4" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporate-focus3.jpg" style="width: 257px; height: 102px;" vspace="4" /><br />
	</strong></p>
<p>
	<strong>SG Global Pvt Ltd, established in August 2011, is a fully owned subsidiary of the well known Shanker Group, an industrial and trading conglomerate. It is the authorised distributor for Sharp Electronics (Japan) and Mahindra Two Wheelers (India) in Nepal. â€œWe want to create a truly professional and multinational company in the sense how we work,â€ says Akhil Gupta, Director of SG Global Pvt Ltd. He adds, â€œOur desire is to run the company in a professional manner and let that environment accomplish for our employees, customers and associates.â€</strong></p>
<p>
	<strong>Even though Shanker Group was an established trading conglomerate involved in trading of popular brands such as Konka Electronics and Force Electronics, SG Global was conceived as a trading and representation wing of the group to pursue trading of worldwide brands in a more aggressive manner. Gupta says that each product has a certain way of getting advertised. He observes that while commercial advertising is good for electronic products, itâ€™s BTL (below the line) activities that work better for two wheelers. He explains, â€œFor two wheelers, commercial advertising can only create awareness. We have to eventually bank on BTL activities for the pull factor.â€</strong></p>
<p>
	After studying the Nepali market over a period of time and realising the potential for two wheelers, SG Global plunged into the market following a deal with Mahindra Two Wheelers Limited. â€œWe were impressed with the growth trend for two wheelers in Nepal with economic condition of the people in the country improving considerably,â€ justifies Gupta. He presents the statistics, â€œA total of 129,000 two wheelers were sold in the Nepali market last year out of which 21,000 were scooters. This spurred us to sell Mahindra scooters â€“ already popular in the Indian market â€“ in Nepal.â€</p>
<p>
	<strong>Human Resource <img align="right" alt="corporate focus" border="5" height="192" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/director.jpg" vspace="1" width="150" /><br />
	</strong></p>
<p>
	The company has 70 employees on its payroll with its workforce spread across its corporate office at Tinkune, Sharp showroom at Naxal and the two showrooms of Mahindra Two Wheelers at Teku Road and Naxal. Mahindra showrooms at Teku Road and Naxal are spread over 4,000 sq ft and 1,500 sq ft respectively. Gupta believes that everyone in the company is a decision maker in his or her own right. He elaborates, â€œWe have this culture of inculcating a sense of responsibility in everyone who is part of the company. I am confident that a sense of ownership among employees certainly helps the fortunes of a business enterprise in the long run.â€&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span style="font-size: 12px;"><strong>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; <br />
	</strong></span></p>
<p>
	<span style="font-size:12px;"><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Akhil Gupta:-Director</strong></span></p>
<p>
	<strong>Infrastructure</strong></p>
<p>
	With its modern sales and service infrastructure in place, SG Global promises to offer customers a world class buying and ownership experience. It has kick started operations with 14 dealers across Nepal and plans to expand its network by adding another 78 dealers across 72 towns of Nepal within a yearâ€™s span.&nbsp; Six out of these 78 dealers will be appointed at strategic locations within the valley including at Balaju, Kalanki, New Baneshwor, Bhaktapur and Boudha. â€œAll these dealers will have well equipped 3S (sales, service and spares) set ups at their respective locations,â€ Gupta asserts.</p>
<p>
	<span style="font-size:14px;"><strong>Sharp Electronics</strong></span></p>
<p>
	SG Global â€” the authorised distributor of Sharp Electronics in Nepal â€” has its Sharp Showroom in Naxal, Kathmandu with a view to offer original and high-tech electronic home appliances to Nepali customers. <img align="right" alt="sharp electonics" border="2" height="138" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/sharp.jpg" vspace="1" width="200" />Sharp, a renowned and popular Japanese brand has been ruling the roost not only in its home country but also across the world. The showroom showcases a wide range of Sharp products including Audio Visual products such as Box TV, LCD and LED TVs, DVD and Home Theatre. While its Home Appliances include Microwave Ovens, Vacuum Cleaners, Washing Machines, Air Purifiers and Refrigerators, it also has Small Appliances such as Rice Cookers, Jars and Pots.</p>
<p>
	<strong>Competition</strong></p>
<p>
	Since Mahindra Two Wheelers is a relatively new brand in Nepal, SG Global is looking to establish the brand first. It is in direct competition with Honda and Hero Honda, the other scooter marketers in Nepal. Gupta enthuses confidence though, â€œOur products are unique and we are certain that we can pull it off having a strong team which knows how to compete.â€</p>
<p>
	<strong>Future Plans</strong></p>
<p>
	SG Global is on its way to consolidate the existing business, says Gupta, â€œSharp and Mahindra Two Wheelers are both very strong brands so it makes our job a bit easier.â€ He, however, reiterates that the companyâ€™s current business model requires consolidation over the next couple of years. He also says that, meanwhile, he is open to other business opportunities that might come his way but more importantly, businesses that suit the market dynamics. The company has kept itself a reasonable target of selling 3,000 scooters within the remaining period of the current fiscal year. Given the scootersâ€™ popularity and customersâ€™ attraction towards the brand, itâ€™s already expecting to reach the figure of 5,000 scooters during the same period; it is selling 25 scooters on an average each day. â€œThe day we feel we have built a company which stands for the purpose of its establishment and implemented the system in our own unique way, we would consider our mission accomplished,â€ Gupta signs off on a positive note.</p>
<p>
	<strong>SWOT Analysis</strong></p>
<p>
	<strong>Strengths</strong>&nbsp; Strong Brands and Infrastructure&nbsp;</p>
<p>
	Flagship Service Centre covering 6,000 sq ft coming up at Naxal</p>
<p>
	<strong>Weaknesses&nbsp;</strong></p>
<p>
	Competitive Market (Pricing, Market Share) Opportunities</p>
<p>
	Growing Market for Scooters</p>
<p>
	Urbanisation Threats</p>
<p>
	Being a new entrant</p>
<p>
	Inexperience in Two Wheeler business</p>
<p>
	<strong>Mahindra Two Wheelers</strong></p>
<p>
	SG Global was appointed the authorised distributor of Mahindra Two Wheelers for Nepal in November this year. Its two showrooms at Teku Road and Naxal in Kathmandu sell three Mahindra Two Wheeler products â€“ Rodeo, Flyte and Duro. These scooters are priced at Rs 159,900, Rs 151,900 and Rs 145,900 respectively. The products will also be sold through the dealers appointed by the previous distributor of Mahindra Two Wheelers. The scooters have already been in the market for a year before there was a change of hands in distributorship. Mahindra Two Wheelersâ€™ Research and Development (R &amp; D) wing is ceaselessly working on motorcycles which are the largest segment of the two wheeler market in Nepal. It promises to soon expand its product line by offering motorcycles as well. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '2012-02-22',
			'keywords' => '',
			'description' => 'SG Global
promises to
offer customers
a world class
buying and
ownership
experience.',
			'sortorder' => '481',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '518',
			'article_category_id' => '39',
			'title' => 'Qatar Airways: World 5-star Airline',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="font-size:12px;"><img align="right" alt="" border="1" height="121" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/ramdas.jpg" style="margin:10px;padding:10px;" vspace="5" width="150" />Having started its operations in Nepal with a single flight each day about a decadeand- a-half ago, Qatar Airways has come a long way indeed. Aptly awarded a 5-star rating by Skytrax (a UK-based consultancy that carries out international-traveller surveys and ranks airlines and airports), it has increased its frequency to four flights each day beginning 1 October this year. Qatar Airways flies out of Kathmandu every day at 9:45 am, 8:30 pm, 9:30 pm and 11:30 pm.</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">While the first two flights primarily carries migrant workers, the next two mostly have passengers who use the airline as a network carrier to reach their respective destinations in North America, South America, Africa and Europe, informs Ramdas Shivram, Country Manager for Nepal. Migrant workers boarding the 9:45 am and 8:30 pm flights go on to connect with GCC (Gulf Cooperation Council) countries and passengers on board 9:30 pm and 11:30 pm flights use the airline's hub Doha as a transit point to continue their onward journey to other continents. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">The next two flights comprise expatriates living in Nepal, tourists as well as Nepalis living abroad, adds Shivram saying that around 5,000 passengers used the airline's services each way within the first 10 days of operations since flight frequency increased 1 October onwards. With four Airbus A320 carriers flying out of Kathmandu and, correspondingly, four flights coming into the city each day, Qatar Airways in Nepal sees the potential of selling in the region of 420,000 seats per annum. Shivram, who joined the airline in 2005 and took over its Nepal operations in November 2010, says Qatar Airways has expanded in Nepal after sensing a large potential in the country. On a global level, it aims to be the biggest international carrier. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;"><strong>Advertising &amp; Promotions </strong><br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">An essential part of its marketing strategy, the airline seeks to reinforce brand position efforts and provide a platform to deliver credibility for its brand. It makes every possible effort to expand brand visibility and link Qatar Airways brand attributes and values with its customers to establish lasting and loyal relationships with them. While ATL (Above the line) advertising is taken care of by its global head office, the airline indulges in local advertising and promotions by sponsoring sporting events such as golf, organising road shows, holding promotional programmes directed at travel agents, supporting educational programmes on television and publishing advertisements and media releases in major daily newspapers. Shivram cites an example, To promote knowledge about the recent increase in flight frequency, we organised a road show where we approached top 50 travel agencies in Nepal. It was a very successful event.<br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;"><strong>Work Culture</strong></span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">Qatar Airways has 42 people working at its Kathmandu office, a sizeable number for a foreign airline. It has always tried to hire individuals who can work independently on their own. Shivram, who himself is equipped with a post graduate diploma in human resources, is well acquainted with critical issues such as organisational behaviour. He says that his expertise comes in handy while dealing with his colleagues at work. We try to hire the best talent available and send them to Doha for training. I personally believe in giving ample time and room for adaptation and mentor co-workers who show intent to shoulder greater responsibilities,he further states.</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;"><strong>Market Potential <br />
	</strong></span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">The airline is growing at 35 per cent per annum globally and flies to 107 destinations (Oslo, Norway launched on 5 October this year being the latest one) worldwide with an impressive fleet of 100 aircrafts. It plans to serve more than 120 key business and leisure destinations across Europe, Middle East, Africa, Asia Pacific, North America and South America with a fleet of over 120 aircrafts by 2013. From Nepal's perspective too, Qatar Airways aims to become the number one airline in terms of time, connectivity and delivering best service. And to achieve this objective, it offers attractive schemes pertaining to specific destinations during the off season. Shivram rubbishes criticism from certain quarters that Nepal does not have a great deal to offer civil aviation in terms of numbers. He says, The fact that as many as 27 international carriers are operating in Nepal is proof enough that this market holds tremendous potential. He further believes that better infrastructure, improved navigation system and enhanced security arrangements at the Tribhuvan International Airport along with making it operational for 24 hours a day can do wonders for Nepal's civil aviation prospects. <img align="left" alt="plane" border="1" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/ari.jpg" style="width: 344px; height: 145px; margin: 10px; padding: 10px;" vspace="5" /><br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;"><strong>Unprecedented Success <br />
	</strong></span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">The airline takes incredible pride in being a national carrier representing the State of Qatar. Voted Airline of the Year 2011 in the prestigious Skytrax industry audit, Qatar Airways has won the confidence of the travelling public. Since its re-launch in 1997, it has reached the pinnacle of the airline industry for outstanding in-flight service, superior onboard products, and operational excellence among others. Shivram attributes the record success to the airline's clear objectives, ambitions and a focused CEO in Akbar Al Baker. Since becoming the CEO of Qatar Airways in 1997, Al Baker has been instrumental in shaping Qatar Airways into one of the fastest growing and most highly acclaimed airlines in the world. Over the last decade, he spearheaded the airline's growth, which operated only four aircrafts in a regional capacity prior to his appointment. Our decision of continuing to expand even during the difficult period of global recession a few years ago has fetched us handsome dividends, asserts Shivram. Despite being a foreign entity in Nepal, the airline has tasted success because it realised the need to get into the roots of the local culture and acted on it. Shivram says, Practicing the corporate philosophy of Qatar Airways along with correct product positioning and successfully establishing the right business environment has got us this far. Being responsible to internal as well as external customers is absolutely vital for any company's success, he concludes.<br />
	<br />
	<br />
	</span></p>',
			'published' => true,
			'created' => '2011-11-16',
			'modified' => '2012-09-17',
			'keywords' => '',
			'description' => 'Our decision of continuing to expand even during the difficult period of global recession a few years ago has fetched us handsome dividends.',
			'sortorder' => '423',
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	(int) 11 => array(
		'Article' => array(
			'id' => '458',
			'article_category_id' => '39',
			'title' => 'Kumari Bank: Innovations Galore - September 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<div style="text-align: justify;">
		<span style="font-size:12px;">By <strong>Pinaki Roy<br />
		<br />
		</strong></span></div>
</div>
<div style="text-align: justify;">
	<span style="font-size:12px;">Ever since it came into existence over a decade ago, Kumari Bank Limited (KBL) has been at the forefront of innovations such as SMS Banking, Auto Sweep and Internet Banking. Providing competitive and modern banking services with high degrees of quality and customer satisfaction, KBL takes pride in its cutting-edge product line and new and better ways to enhance banking experience for its patrons at large.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">Therefore, it comes as no surprise that KBL has chosen to continue with its tradition of creating innovations and serve unfulfilled needs of all classes of customers located in various parts of the country. It has always focused at prioritising the priorities of its valued customers by offering modern and competitive banking products and services at their door steps. In recent times, the bank won the coveted Billionth Award South Asia for Kumari Mobile Cash in New Delhi, India, on 23 July 2011. It also launched Kumari Secure Mind Home Loan in August this year in association with Shikhar Insurance Company which promises to minimise risks on home loans.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<h3>
	<span style="font-size:12px;">mBILLIONth Award South Asia 2011</span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;">KBL bagged the mBILLIONth Award South Asia for Kumari Mobile Cash during the mBillionth South Asia International Summit 2011 held in New Delhi, India, on 23 July this year. The award was won in the m-business &amp; commerce/banking category on a platform that recognised some of the key innovative applications and services and honoured excellence in the arena of mobile communications across South Asia. They were basically looking for new innovations which have impacted the overall economy, especially at the bottom-of-the-pyramid. And, Kumari Mobile Cash was our best bet, Radhesh Pant, the CEO of KBL reminisces. He informs that the bank did spend considerable time on its questionnaire as part of the preparation for the event.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">From a total of over 200 applications from Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka, 21 were selected as winners spread across 11 core categories, with Kumari Bank, the sole winner representing Nepal. Pant delightfully states that the summit was a fitting platform not just for the bank to showcase its innovation but also for Nepal to show the world that it indeed has the capability to be recognised as a breeding ground for innovative minds. Winning a prestigious award like this has given the bank a boost and has helped people know more about the product besides, of course, bringing immense happiness to the KBL team. We are very happy because we believed in this product. The basic reality is that when our work is recognised, it gives us confidence and impetus to move forward,Pant announces cheerfully. The bank has calculated that if it could only tap 10 per cent of the total 10 million mobile users in Nepal, it will open an overwhelming opportunity with a million strong subscribers at its disposal.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<h3>
	<span style="font-size:12px;">Kumari Mobile Cash</span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;">This revolutionary service that uses mobile phones to provide access to financial services was launched by KBL on 17 August 2010 in partnership with Leapfrog Technology Inc, a Boston-based US firm with a development centre in Nepal. The first of its kind, Kumari Mobile Cash pioneered the mobile wallet concept in Nepal which allows users to store cash balances in their mobile phones.&nbsp;Users are then able to deposit and withdraw cash from their mobile phones and use the stored cash value for various purposes such as remittance, bill payments, and airtime recharge with the push of a few buttons.&nbsp;Currently, the customers can avail this service from Kumari Bank's branches or from its authorised agents present across the country.&nbsp;</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">Due to varied landscape and lack of physical infrastructure in Nepal, telecom is the best way to reach people in the hills and the mountains, says Pant. He adds, In a country like Nepal, access is very poor but at the same time, mobile usage is increasing at about 40 per cent each year. Quite obviously, we wanted to be the first one to launch mobile wallet to focus on the 70 per cent of the households not having any access to formal banking system.With 14,000 users and close to 200 transactions each day, Rs 5 crore worth of transaction has been realised since its launch of the plan around a year ago. I personally believe the future of banking will be technology-led and specifically, mobile-led, Pant declares brimming with confidence.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">KBL has a contractual agreement with two of the largest telecom providers in the country namely Nepal Telecom and Ncell (these two operators collectively enjoy 95 per cent market share in the country). Close to 50 per cent of registered Kumari Mobile Cash members are non-bank customers. In a very short time span, the product has helped break traditional barriers in providing access to finance for the poor.&nbsp;With 70 per cent of the Nepali households yet to be tapped into formal banking, the bank believes that improving access to sustainable financial resources is real and achievable.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<h3>
	<span style="font-size:12px;">Kumari Secure Mind Home Loan</span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;">Most Nepalis dream to have their own house, which comes for hefty prices and that explains why home loans from banks and financial Institutions (BFIs) are so popular.&nbsp;However, the concept of disaster preparedness simply does not exist in the country where people don't do things until they are cornered in a crisis. Most people investing to buy houses are yet to realise the importance of insuring their houses. With this in the backdrop, a memorandum of understanding (MOU) was signed between KBL and Shikhar Insurance Company Ltd for Kumari Secure Mind Home Loan on 1 August 2011.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">The agreement signed by Radhesh Pant, CEO of KBL and Dip Prakash Panday, CEO of Shikhar Insurance Company promises to work as a milestone for the entire financial services sector in days to come. We want to secure the home loans that people borrow. This scheme will ensure that the family does not suffer in the event of an untoward incident affecting the primary borrower, reasons Pant. The product is a long term credit to consumers for the construction of house for both individuals and developers.&nbsp;It covers purchase of ready house or apartment, renovation or extension of house or apartment, and refinancing of immovable private property that are already financed by BFIs and secured by a registered mortgage.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">At times, the borrowers face various challenges in being able to pay back the loan. If the payment is made, the banks do not have any risk. Kumari Secure Mind Home Loan was launched to minimise the risks to both banks and clients in the event of non-repayment of loans by borrowers due to circumstances beyond their control such as critical illness, accidental death or permanent total disability and temporary loss of employment. All the existing customers of Kumari's Home Loan are eligible for the product and can avail this service from the retail unit of the bank. Basically, a partner product from Shikhar Insurance, the scheme is available only for Kumari's Home Loan subscribers.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">Being the first one to launch such a product, the bank is confident of doing well but realises that its success will take due time. The bank knows that advocacy is the most important aspect of the scheme and has educated and trained its staff accordingly throughout the country. The idea is to have employees operating customer service and teller counters to disseminate the message to patrons visiting KBL branches. It also expects that a certain amount of exposure can be ensured through the media as well. Pant signs off on an optimistic note saying, â€œI know that people are not forthcoming about insuring their houses but this can change. We, at Kumari are very positive that the product will provide food for thought to investors deciding to secure their home loans.</span></div>',
			'published' => true,
			'created' => '2011-10-11',
			'modified' => '2012-10-04',
			'keywords' => '',
			'description' => 'Ever since it came into existence over a decade ago, Kumari Bank Limited (KBL) has been at the forefront of innovations such as SMS Banking, Auto Sweep and Internet Banking.',
			'sortorder' => '368',
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	(int) 12 => array(
		'Article' => array(
			'id' => '435',
			'article_category_id' => '39',
			'title' => 'R K Associates: Aiming High - August 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="text-indent: 0in;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><img align="left" alt="corporate focus" border="1" height="202" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/cor.jpg" style="margin: 10px; padding: 10px;" vspace="10" width="350" />The business journey of R K Associates dates back to 1978 when Dr Rajesh Kazi Shrestha, an energetic, young and pro-active entrepreneur established Rajesh Concern with the objective of focusing on hospitality and trading business. It imported various kinds of goods from around the world and helped promote Nepal to strengthen its trade relations with many countries.<br />
	<br />
	Today, R K Associates has diversified manifold and has stakes in every business segment. With its over three decades of experience in trading and services sectors, it manages various assignments and projects in automobiles, banking, insurance, information technology, flooring, medical equipment and supplies, fast moving consumer goods and many more. The group is behind the presence of many leading household, home decor and high-end products in the market. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The group is now among the most trusted names in Nepal and has forged, nurtured and maintained global alliances over the last 33 years. Its founder Dr Shrestha was honoured by International Journal of Non-Aligned Countries and Foreign Policy Research Institute (FPRI), New Delhi, with an honorary PhD in February 2010. He says, I attribute our growth to the deep understanding of local markets, people and customs </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">It currently has a turnover of USD 20 million. It&nbsp;has contributed to the national economy and promoted infrastructural and entrepreneurial capability of Nepal. It is closely associated with prestigious domestic and international federations and associations. A former Assistant Minister of Industry, Commerce and Supplies, Dr Shrestha holds several prestigious positions. He is Chairman of Nepal-China Chamber of Commerce &amp; Industry and International Chamber of Commerce, Nepal. He is also a Past President of Nepal Chamber of Commerce. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Group Mission</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The group looks at integrating dealers, distributors, retailers, suppliers and joint venture partners into the R K Associates family. It is currently focusing on branding of its products and consolidating them in the market. It is looking forward to NADA (Nepal Automobiles Dealers Association) Expo in September 2011 for showcasing different vehicles from its stable. Dr Shrestha says, Through our hard work, we want to reach as high as possible and prove our worth in the market. The group also plans to help orphanages and sponsor underprivileged students as part of its CSR (corporate social responsibility) activities. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Human Resource</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">R K Associates aims to recruit, develop, motivate and retain the best talents within the country and provide them a challenging and demanding environment. It fosters a strong emotive feeling of oneness and ownership among the employees within the company. The group aspires to transform into a model corporate institution and make its employees proud to be part of the group. It provides employment to close to 250 people out of which 38 people work for Constant Business Group alone.</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Management Style</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Dr Shrestha believes in giving employees the liberty and opportunity to prove themselves. He says, Instead of me telling them what to do, they should come and update me on the latest information. He says he is most happy working as the link and let his employees do all the work. He goes to great lengths to ensure that the employees feel at home and treat the group as their own. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">He strongly feels that political stability and government's economic policies are key to nation's prospects. We are going through the most difficult phase now. If the government policies are good, I am sure businesses will prosper and generate employment for hundreds of thousands of youth who are leaving the country due to lack of opportunities. Dr Shrestha believes that the government would do better if it consults the private sector before taking decisions or implementing them, in the larger interest of the nation. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div>
	<span style="font-size: 14px;"><span style="line-height: 115%;">He says it is the government's duty to reduce taxes on automobiles so that the industry is saved from a certain collapse. He also recommends that the government should focus on phasing out the vehicles that are over 20 years old. The government's policies have had an adverse impact on the industry as it has experienced a huge market slump. This has obviously resulted in reduced revenue for the government, he says. </span></span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; vertical-align: middle;">
	<span style="font-size: 14px;">SWOT Analysis</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Strengths</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp; Teamwork among partners</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Hard-working staff</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Honesty</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp; Trust</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Weaknesses</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">Inability to penetrate the market</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">Lack of aggression</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Opportunities</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">Possibility of a favourable government policy</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Threats</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">Over import by all vehicle distributors</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="line-height: 115%; color: black;">More supply than demand</span></span></li>
</ul>
<div>
	<span style="font-size: 14px;"><br />
	</span></div>
<div>
	<span style="font-size: 14px;"><br />
	</span></div>
<div>
	<span style="font-size: 14px;"><i>Sister Concerns</i></span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Constant Business Group Pvt Ltd</span></span></div>
<div>
	<span style="font-size: 14px;">Established in January 2007, this company distributes vehicles from China (Zotye, Lifan, Jonway, Grand Tiger and Lobo), Malaysia (Proton) and South Korea (Ssangyong). R K Associates was awarded the best distributor for Zotye in 2009. The company has sold over 300 units of Zotye so far out of which 75 units were sold in the last one year. Among other vehicle products, 50 units of Ssangyong have been sold, so far. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Nepal International Business Pvt Ltd</span></span></div>
<div>
	<span style="font-size: 14px;">A trading house established 17 years ago, it imports tower crane, film faced plywood, commercial plywood and hotel supplies. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Status Trading Pvt Ltd</span></span></div>
<div>
	<span style="font-size: 14px;">This trading house that started 3 years ago imports furnishing, flooring carpets, laminated flooring and PVC. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Alliance Insurance Company Ltd</span></span></div>
<div>
	<span style="font-size: 14px;">R K Associates is affiliated with this insurance company as a promoter which has Dr Shrestha on its Board of Directors. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Rajesh Concern</span></span></div>
<div>
	<span style="font-size: 14px;">It's the first entrepreneurial venture of R K Associates and imports food items, readymade garments, carpets, PVC etc. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Soaltee Hotel Limited</span></span></div>
<div>
	<span style="font-size: 14px;">Dr Shrestha features in the Board of Directors of Soaltee Hotel Limited.</span></div>',
			'published' => true,
			'created' => '2011-09-24',
			'modified' => '2012-10-04',
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			'description' => 'The business journey of R K Associates dates back to 1978 when Dr Rajesh Kazi Shrestha, an energetic, young and pro-active entrepreneur established Rajesh.......',
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	(int) 13 => array(
		'Article' => array(
			'id' => '434',
			'article_category_id' => '39',
			'title' => 'Explore Asia Pacific: Satisfying Customers - August 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="margin-bottom: 0.0001pt; text-align: justify; line-height: 120%; vertical-align: middle;">
	<span style="font-size: 14px;"><b><span style="line-height: 120%;"><br />
	Neeraj Sharma</span></b></span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; line-height: 120%; vertical-align: middle;">
	<span style="font-size: 14px;"><span style="line-height: 120%;">Managing Director</span></span></div>
<div>
	<span style="font-size: 14px;"><span style="line-height: 115%;">Explore Asia Pacific Pvt Ltd</span></span></div>
<div style="text-align: justify; text-indent: 0in;">
	<span style="font-size: 14px;">Our ultimate objective is to become the number one in Solar and ICET distribution in Nepal.<br />
	<br />
	</span></div>
<div>
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; vertical-align: middle;">
	<span style="font-size: 14px;">Starting off as a distributor in 2009, Explore Asia Pacific Pvt Ltd has come a long way over the last two years. With its registered office in Narayanghat, it started with a small product basket. In mid-2010, it also ventured into the business of solar panels and desktop components from Simmtronics. Currently headquartered in Kathmandu, the company registered an annual turnover of Rs 120 million in 2010. Having gradually enhanced its product basket, it aims at a 300 percent growth in 2011. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Explore Asia Pacific is known for its ethical business practices and value-added approach which is solution-centric and vertically focused. Neeraj Sharma, Managing Director of the company, says, Our ultimate objective is to become the number one in Solar and ICET distribution in Nepal. It seems set to meet this objective as it already has a strong presence in the up-country regions and possesses management skills with proven controls and processes.</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The company claims it is fortunate to have dedicated partners as part of its organised distribution system. Sharma says, Along with the modern marketing and branding concepts, our knowledge and hold in the Nepali market has held us in good stead. It plans to invest in infrastructure and technology in the long term and aspires to establish sound performance in a short period of time, though of course, with a long term commitment. </span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Company Mission</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Explore Asia Pacific aims to have leading market shares for all products it deals with. It also envisions to have satisfied and loyal customers through value-added before and after sales services. Creating high recall brands is high on its agenda as it helps customers association by being reliable and trustworthy. Sharma says, We want to be the first choice as a distribution partner for both the vendor and the reseller by adding value to the supply chain through efficient logistics, high level of product knowledge, value-added marketing services and demand creation activities. The company is working hard to ensure wide and deep presence through an effective distribution system. It also wants to be able to create a profitable business proposition for all stake holders. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Brands and Products</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The company is proud to be associated with reputed and well known brands such as ADATA, Simmtronics, Genius, Panda, Jetway and Samsung among others. It deals in well-received products like classic pen drives, pen drives superior, Simtronics desktop, external HDD, memory card, monitors, graphics card, motherboard, RAM etc. Explore Asia Pacific also plans to launch its own brand and manufacture cabinets, PSUs, keyboards, speakers and headphones etc. The tremendous market potential has propelled us to think along these lines. Once the liquidity problem gets settled, the market situation will definitely receive a boost, Sharma reasons. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Human Resource</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The company boasts of having a strong human capital and talent pool. It has among the best talents in the industry with professionals from different sectors and proven experience levels. We perform best practices in place like in-depth induction programmes, in-house training, performance management systems and employee satisfaction surveys, informs Sharma. The strong sense of bonding that exists in the company has ensured a very low attrition rate. The company currently has a workforce of 18 employees at its corporate office and plans to increase it to 35 from the new fiscal year once it unveils its expansion plans. Sharma believes in dealing with his staff in an honest manner which has paid rich dividends as he has got positive results from them. He thinks that Ajay Sadewra joining Explore Asia Pacific as Director-Operation in March 2011 was a major turning point for the company's fortunes. Sadewra was earlier associated with Neoteric Nepal. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Immediate Plans</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Expanding with Explore Digital, an independent and retail chain, the company plans to open 10 retail outlets in the country. There will be four outlets at prime locations in Kathmandu alone. We will geographically divide channels for our 18 distributors beginning Shrawan, informs Sharma. The company plans to advertise its upcoming retail outlets in major national dailies as well as the distribution channels. Having established its credibility with the consumer segment, Explore Asia Pacific now wants to focus on the enterprise sector and spread its wings to cater to government organisations, NGOs and INGOs and Banking and Financial Institutions among others. The company that has already made its foray into the energy sector with solar equipment also plans to provide complete solutions from this fiscal year. It is slated to start production of solar items such as the lighting system which the company says holds a big potential in the market. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size: 14px;"><span style="line-height: 115%;">Sharma attributes Explore Asia Pacific's success to a number of factors including trust, profitability concern of the channel partners, adequate service mechanism and honesty. He adds, We have come this far because of our hard work, vision and market understanding. Among its competitors, Neoteric Nepal is doing well, he says. The company was awarded for good performance by ADATA during Computex held in Taipei earlier this year in June. It seeks to reach new heights demonstrating its value added services (VAS) through its envied network and ensuring price transparency, uniformity and dedicated service among others. </span></span></div>
<div>
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; vertical-align: middle;">
	<span style="font-size: 14px;">SWOT Analysis</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Strengths </span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Experienced Team</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Channel Strength</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Brand Image</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Product Range</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Technical Team</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Countrywide Presence</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Weaknesses</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Inability to incorporate MNCs</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Inadequate Product Basket</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Being a fairly new company</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Opportunities</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Unorganised ICT market</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Unprofessional Distribution Channels</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Marketing growth in various pockets</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Government embracing e-governance</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Financial sector growth</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Threats</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Unstable political scenario</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Unstable government</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="line-height: 115%; color: black;">&nbsp;&nbsp; Unethical price cutting<br />
		<br />
		</span></span></li>
</ul>',
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			'description' => 'Starting off as a distributor in 2009, Explore Asia Pacific Pvt Ltd has come a long way over the last two years. With its registered office in Narayanghat, it started with a small product...',
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	(int) 14 => array(
		'Article' => array(
			'id' => '395',
			'article_category_id' => '39',
			'title' => 'Etihad Airways: Fly With The Best - July 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="margin-bottom: 0.0001pt; text-align: justify; vertical-align: middle;">
	<span style="font-size: 11.5pt;">E</span><span style="font-size: 9.5pt;">tihad Airways is the National Airline of the United Arab Emirates (UAE). It has established itself as the world's leading airline in less than eight years. The airline was set up by a Royal (Amiri) Decree in July 2003 with UAE's capital Abu Dhabi as its hub. It commenced commercial operations in November 2003 and has gone on to become the fastest growing airline in the history of commercial aviation. The airline's near-term focus is on breaking-even in 2011 and moving into sustainable profitability in the following year. Etihad began daily flights to Kathmandu, Nepal on 28 October 2007 and maintains its corporate office at Yak &amp; Yeti Office Complex in Durbarmarg. We are happy with our success here in a short span of time and hope to increase our flight frequency sometime later this year, says John Rees Evans, Etihad's Country Manager for Nepal. He adds, Nepal is primarily a labour oriented market but there is tremendous potential in the business and leisure traveller segments as well.</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; line-height: 11pt; vertical-align: middle;">
	<br />
	 </div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">It has partnered with Gokarna Forest Resort (golf) and Dwarika's Hotel (ancient cultural heritage) locally to entice travellers from the Middle East to&nbsp;spend quality time in Nepal. Etihad carries out its sales functions through affiliated travel agencies in Nepal and encourages them by acknowledging their contributions as well as providing them incentives. It also indulges in indirect marketing with popular brands such as Coca-Cola and Suzuki for brand enhancement. The popularity of Indian television channels certainly helps with its spill over advertising effect in Nepal Etihad's TV promotional has brand ambassador Katrina Kaif appearing in a dance sequence at the first class lounge. A number of airlines from the Middle East enjoy a strong presence in the Nepali market. Our competitors have been operating in the market for a longer period than us but we have our own niche market to cater to, Evans exudes confidence about holding his own with the competition.</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<br />
	 </div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Evans believes in treating people the way he wants to be treated himself. He has been in Nepal for nine months now and calls it a pleasant experience. The employees here in Kathmandu that works with me are surprisingly good and very enterprising people, He said. He lets people perform their best and believes in leading by example. He asserts that Etihad being a relatively new entity has its own advantages. We don't have the baggage like some other international airlines and enjoy reasonable freedom, he tells. Looking at growing the market, Evans is buoyant about the current legislation of own <span style="letter-spacing: 0.05pt;">handling at Tribhuvan International Airport (TIA). He is particularly positive about Nepal's only international airport beginning 24 hours operation anytime soon.<br />
	<br />
	<br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size: 9.5pt; line-height: 115%;">Etihad Nepal is working towards implementing fast track operations through its counters at TIA. As part of its endeavour, it has already established a separate counter for business travellers while checking-in at TIA. It also boasts of a shared executive lounge for business travellers operated by Hotel Radisson. We have plans to have chefs on board flights to cater to personal taste of our travellers, Evans states. The airline also provides attractive packages for Kathmandu flights by announcing news tariffs which are aimed at improving passenger satisfaction levels and contributing towards Nepal's tourism sector.</span></div>
<div style="margin-top: 0.15in; text-align: justify;">
	Etihad Airways-Nepal factsheet</div>
<div style="margin: 5.55pt 0in 0.0001pt 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">Flight Details:&nbsp;&nbsp;&nbsp;&nbsp; Kathmandu (KTM) Abu Dhabi (AUH)</span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 days a week</span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mon, Wed, Sat&nbsp; 5:30 pm and </span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sun, Tue, Thu, Fri&nbsp; 9:15 pm</span></div>
<div style="margin: 5.55pt 0in 0.0001pt 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">Aircraft Model: &nbsp;Airbus A330-200 / A320 </span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (as per availability)</span></div>
<div style="margin: 5.55pt 0in 0.0001pt 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">Employees:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 employees at the Corporate Office</span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 Ground Staff at TIA</span></div>
<div style="text-align: justify;">
	<br />
	 </div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-indent: -11pt; vertical-align: middle; text-align: justify;">
	<span style="font-size: 11.5pt;">SWOT Analysis</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Strengths:</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Motivated employees </span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Strong product and service</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Can Do approach</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Good connectivity through the busy Abu Dhabi hub</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Weaknesses:</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Comparatively a new entrant</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Opportunities:</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Building density into the network</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Optimising the fleet and its utilisation</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Reaching profitability</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Planning for growth</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Continuing to innovate</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Threats:</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Frequent strikes</span></div>
<div style="text-align: justify;">
	<span style="font-size: 9.5pt; line-height: 115%; color: black;">&nbsp;&nbsp; Security issues<br />
	<br />
	<br />
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<p class="MsoNormal">
	<span style="font-size:14px;"><span class="A1"><span style="line-height: 115%; font-family: ">Corporate Focus</span></span></span></p>
<p>
	“We consider three things in the present scenario — People to People, Business to Business and Government to Government<br />
	relationship.”<br />
	<br />
	<br />
	<img alt="chanto" border="1" height="246" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/strinlta.jpg" vspace="10" width="186" /><br />
	CHANTOUCH SRINILTA<br />
	GENERAL MANAGER NEPAL &amp; BHUTAN<br />
	Thai Airways International Public Co Ltd</p>
<p class="MsoNormal">
	 </p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: black;">45 Years of Flight Over Himalayas<br />
	<br />
	<img alt="corporatefocus" border="1" height="303" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporatefocus(2).jpg" vspace="10" width="450" /><br />
	</span></span></p>
<p class="Pa26">
	<span style="font-size:14px;"><span style="color: black;">“We consider three things in the present scenario — People to People, Business to Business and Government to Government relationship.” </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp; <br />
	</span></p>
<p class="Pa0">
	<span style="font-size:14px;"><span class="A0">CHANTOUCH SRINILTA GENERAL MANAGER NEPAL &amp; BHUTAN <br />
	<br />
	<br />
	</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span class="A0"><span style="line-height: 115%; font-family: ">Thai Airways International Public Co Ltd</span></span></span></p>
<p class="Pa7" style="text-align:justify">
	<span style="font-size:14px;"><span class="A4">T</span><span style="color: black;">hai Airways International Public Company Limited, the national flag carrier of the Kingdom of Thailand, has achieved an unprecedented height in Nepal. A glorious history of complete 45 years of operation itself speaks volumes. </span></span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">It was in 1968 that Thai’s 72-seater French-built Caravelle SE210 aircraft landed at the Tribhuvan International Airport (TIA). According to Thai Airway’s General Manager for Nepal and Bhutan, Chantouch Srinilta, the long journey of Thai Airways is full of ups and downs. “Many international airlines have come and gone after Nepal Government adopted a liberal sky policy, but Thai has survived, tackling all the challenges, and tackling them pretty well,” says Srinilta.</span> <br />
	</span></p>
<p class="Pa8" style="text-align:justify">
	<span style="font-size:14px;"><span style="color: black;">The Airways was founded in 1960 as a joint venture of Thailand’s domestic carrier, Thai Airways Company (TAC), and the Scandinavian Airlines System (SAS). In 1960, flights were inaugurated from Bangkok to nine overseas Asian destinations. The airline launched its intercontinental services in 1971, first to Australia, followed by flights to Europe in 1972, and to North America in 1980. <br />
	<br />
	<img alt="corpratefocus" border="1" height="338" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporatefocus88.jpg" vspace="10" width="500" /><br />
	</span></span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">Thai Airways operates domestic, regional and intercontinental flights from its home base in Bangkok to the key destinations around the world and within Thailand. Thai airways has had a market in Nepal, for over four decades and the Nepali market has allowed them be more mature. For Thai, every moment is a turning point, as the global airlines have been pacing up rapidly. Thai takes pride in the fact that they have unlocked Nepal as a new tourism destination for the world shares the GM. They were the first airline to operate jet service from Kathmandu. It was indeed a memorable moment to cherish in Nepal’s aviation history. In addition, Thai also introduced the first computerized reservation system in Kathmandu in February 1985 and provided this service to its leading travel agents since 1990. The Royal Orchid Lounge at the TIA used to be the only lounge operated by Thai in the 1990s.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">“We consider three things in the present scenario — People to People, Business to Business and Government to Government relationship,” Srinilta says. Maintaining a long-term relation between Nepal and Thai Airways is a top priority for the latter. In the people to people scenario, Thai people have a religious connection to Nepali people as 95 per cent of the Thai population is Buddhist and Nepal is the birth place of Lord Buddha.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">In term of Business to Business, Nepali airlines are also landing in Thailand. Here, in Nepal we have been landing since long time back and we have also kept in mind that times are changing, shares the GM. “There is huge potential for the national flag carrier of Nepal if they regain their reputation from glory days” says GM. “Government plays a role in elevating the standard by not only to directing, but also educating the airlines about how the rest of the world is working at their best. So, if we work together we can grow much,” Srinalta says.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">For a sound relation between both the nations, Thai Airways wants to create a good linkage between Nepal and Thailand. Nepal being a land blessed with mountains that are more than 8,000 meters tall airlines are reliable means to bring in more tourists and Thai Airways is doing its best to increase the figure. Thai Airways further believes that the tourists they bring here in Nepal choose tourism activities over just strolling around Thamel.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">In terms of Corporate Social Responsibility (CSR), Thai organizes blood donation programme on every 31st July. Battling with the challenges lying ahead, Thai also strives to keep the goodwill image of the company intact. It might seem that the cost allocation of air ticket and packages are high, but the quality that they have not compromised justifies the cost. Thai Airways has kept in mind that a good air business also leads to healthy revenue. Thai believes that offering proceeds for CSR will strengthen the Company’s financial status and support its business expansion projects. It also believes that products and service improvement will elevate THAI to a consistent rank of top three airlines in Asia and top five in the world.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">Recently, Thai Airways announced special offers including promotional fare marking its 44th year of successful operation in Nepal. In the auspicious occasion the airlines announced free excess baggage for students, and businessmen traveling to Australia and China and free hotel service in Bangkok for destinations like Hong Kong. Similarly, the airlines announced free excess baggage up to 10kg for Nepali students traveling to Australia. Also, targeting Nepali travelers Thai airways unveiled special SOTO (tickets sold outside the country of departure) fare for Japan and special labor fares to Kuala Lumpur. The company also encourages its human resources to acquire new skills and attain international standards of professionalism. Thai Airways contributes to the advancement of all types of technology related to the world’s commercial aviation industry.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">Thailand Tourism Authority and Royal Thai Embassy say that the number of Nepali travelers going to Thailand had increased significantly in recent years. Around 31,000 Nepalis visited Thailand in 2011, out of which 25.5 percent travelled for holiday and 41 percent for seminar. Thai also handed over a memorial park situated in Kakani to the local community and is providing fund regularly for its maintenance and development.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">At present if offers flights to more than 70 destinations in 34 countries with a fleet of 99 aircrafts. According to the GM, The Thai airways have same investment every year and they are seriously concerned about the return. They also have good marketing strategies and are looking forward to sustain in this market in coming years. They are willing to invite more people to come and visit Nepal and enjoy time here. For this Thai is expecting Tourism authorities of Nepal to offer more packages. “If Nepal Tourism Board also is ready to cooperate we can contribute further to tourism”, Srinilta believes. Thai also has three latest model of Airbus and they are starting business on different parts of world.</span><br />
	<br />
	<img alt="corporatefocus" border="1" height="340" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/thai.jpg" vspace="10" width="500" /><br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">“As a mature airways, we are striving our best not to compromise in our fleet size and service standards,” shares Srinilta. So, to catch up in the burgeoning market demand in Nepal, they have a strategy of adjusting the number of flights as per market demand. In the beginning, Thai operated a once a week flight between Bangkok and Kathmandu and soon after that, one more flight was added to cope with the high demand of passengers. Thai started daily flights with A300-600 aircraft since the end of October 1997. In the context of growing demand of air seats to/from Nepal, they added three more flights in 2008. Based on the request of different tourism related associations like NATTA, PATA, HAN and NTB, they began to run 10 flights per week. Now Thai has seven flights a week with a configuration of 30 business class and 279 economy class seats.</span> <br />
	</span></p>
<p class="Pa8" style="text-align:justify">
	<span style="font-size:14px;"><span style="color: black;">Thai Airways has also played a good role in providing service to the outbound Nepali Tourist. In Srinilta’s words, the airlines is assisting Nepal in worldwide promotion as a major tourist destination through various media like in-flight magazine “Sawadee” and Royal Orchid Holiday Packages tours. Thai have joined hands with the Tourism Authority of Thailand by frequently organizing different events like Trade Fairs, Educational/ Medical fairs, familiarization trips for agents and media, Thai Food festivals, Thai Puppet shows etc. <br />
	</span></span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">They have also offered attractive packages and special fares for students and leisure travelers. It was in the “Visit Nepal Year 1998” and during the “Nepal Tourism Year 2011”. Thai spread good word all over to promote Nepal They have joined hands with the organizers of Asian Mountain Bike championship in 2008 by offering special fares to the participants all around the world. They have own handling service in Nepal with own operational, ground handling and administrative staff directly under the Thai set up of course.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">Srinilta further adds Thai can do a lot if the Nepal Tourism Board and other government bodies of Nepal also provide lucrative packages to further boost the Tourism of both countries. Though Thai Airways doesn’t fully keep the Labour Traffic as a first priority, it is also a part of the business. Since the very beginning, they have had different segments of traffic like the royalties, frequent flyers, government officials, diplomats, expats, students and the tourists.</span><br />
	</span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: black;">However, the persisting bandhs, political instability, lackluster government policies create hurdles for a smooth run. So, there is a long way to go for Thai Airways in Nepal and for that the hurdles in the paths should be cleared.</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: black;">&nbsp;</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><b style="mso-bidi-font-weight:normal"><span style="line-height: 115%; color: black;">Swot Analysis</span></b></span></p>
<p class="Pa31" style="margin-top:11.0pt;margin-right:0in;margin-bottom:0in;
margin-left:9.0pt;margin-bottom:.0001pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span class="A16">STRENGTHS </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Thai brings quality tourist. </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Thai have strong position in global market. </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Aware about the nation and society in environmental conservation. </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Run the business on the basis of fair competition. </span></span></p>
<p class="Pa31" style="margin-top:11.0pt;margin-right:0in;margin-bottom:0in;
margin-left:9.0pt;margin-bottom:.0001pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span class="A16">WEAKNESS </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- More work is yet to be done to seek for the reasons why people don’t fly in Thai Airways. </span></span></p>
<p class="Pa31" style="margin-top:11.0pt;margin-right:0in;margin-bottom:0in;
margin-left:9.0pt;margin-bottom:.0001pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span class="A16">OPPORTUNITIES </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- More exploration in Nepali market. </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Nepal is a lucrative tourism destination. </span></span></p>
<p class="Pa31" style="margin-top:11.0pt;margin-right:0in;margin-bottom:0in;
margin-left:9.0pt;margin-bottom:.0001pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span class="A16">THREATS </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Never-ending Bandh. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: black;">- Airlines market hasn’t flourish on a high rate.</span></span></p>
<p class="MsoNormal">
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<p class="Pa1">
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	<span style="font-size:16px;"><span style="font-family: ">&nbsp;</span></span></p>
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<![endif]-->	<span style="font-size:14px;"><span style="font-family: ">“The products we offer and our size have made us different from others. Our interest rates are almost equal to that of the commercial banks.” </span></span></p>
<p>
	 </p>
<p class="Default">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp;<img alt="ashok" border="1" height="268" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/ashok.jpg" vspace="10" width="200" /></span></span></p>
<p class="Pa1">
	<span style="font-size:14px;"><span class="A4"><span style="font-family: ">ASHOK SHERCHAN CEO </span></span></span></p>
<p class="Pa1">
	<span style="font-size:14px;"><span class="A4"><span style="font-family: ">Prabhu Finance Company Limited</span></span></span></p>
<p class="Pa9">
	<span style="font-size:14px;"><span style="font-family: "><br />
	</span><span class="A15"><span style="font-family: ">T</span></span><span color:="" style="font-family: ">he proverb ‘A rolling stone gathers no moss’ matches the credentials of Prabhu Finance Company Limited (PFCL). Within six years of operation, the company has succeeded in holding five per cent market share among 90 finance companies operating in the market. Ashok Sherchan, CEO at PFCL, says, “Our services are the same if compared to other banks and finance companies. The products we offer and our size, however, have made us different from them. Our rate of interest is almost equal to that of the commercial banks for deposits as well as lending.” </span></span></p>
<p>
	<span style="font-size:14px;"><span color:="" style="font-family: ">Established in February 2006, the company – a part of Prabhu Group of Companies – has been categorized as ‘C’ class financial institution by Nepal Rastra Bank. PFCL constitutes around 10 per cent share in total remittance excluding the contribution made by its money transfer agency Prabhu Money Transfer. Seventy per cent share of the company is owned by the promoters while 30 per cent shares are held by public shareholders. The company has approximately Rs 7.5 billion in deposit while having a lending portfolioer of around Rs four billion. According to Sherchan, with a strong presence in lending, the company can now invest millions of rupees even on individuals. </span></span><span style="font-size:14px;"> </span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">&nbsp;<img alt="" border="1" height="297" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporatefocus.jpg" vspace="10" width="500" /><br />
	<br />
	<br />
	PFCL targets to work for various groups of people, from business people to individuals at the grass root level. It has special plans to bring underprivileged people into the banking sector that are unable to or hesitate to seek service from commercial banks. The bank is also directly linked to the customers via its remittance business. Sherchan says, “We try to provide loan to everyone and deal with every case equally and positively to make our customers feel at home.” </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp;</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp;</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span color:="" style="font-family: ">Success Mantras </span></span></strong></p>
<p class="Pa10">
	<strong><span style="font-size:14px;"><span style="font-family: ">&nbsp;</span></span></strong><br />
	<span style="font-size:14px;"><span color:="" style="font-family: ">Besides a Paid-Up capital of Rs 469.2 million, the company has also seen growth in terms of deposit, branch network and loans. The company owes its success to the policy of expanding its branches aggressively in 2007, points out Sherchan. The company now has 37 branches and 150,000 direct account holders all over the country. It targets to expand its number of branches to 41 by the end of current fiscal year, informed Sherchan. </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">Sherchan says, “Although we are a finance company, our ability to expand on number of branches has made us successful.” The company has a mission of encouraging banking habit among the remittance receiving population. When asked about other reasons behind the company’s success, Sherchan points out three things: dedication, dreams and positive attitude. </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">&nbsp;The dedicated staff have also contributed towards uplifting the status of the company. Sherchan shares, “We have more than 300 employees in Nepal and foreign countries who give their best.” PFCL trains its employees every month and carries out trainings in different countries to enhance their skills. He says, “There is so much to learn in trainings. Because of our portfolio and working system, employees can learn more about the entire banking process like in commercial banks.” </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">&nbsp;The bank is developing the ‘customer first’ culture as one of its business strategies. It is strengthening internal management mechanisms and also making them more customer-oriented. The company is also focused on the customers from remittance business and regularly visits the targeted customers to lure them with different products. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp; <br />
	<img alt="quatarly" border="1" height="287" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/quartaly.jpg" vspace="10" width="261" /><br />
	<br />
	</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span color:="" style="font-family: ">Products </span></span></strong></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: "><br />
	The bank is prepared to work for different groups of people and it reflects in the various products the company has in its portfolio. There are altogether eight deposit accounts including Mamata Bachat Khata for Children, Bharosha Bhachat Khata for aged people and Sangini Bachat Khata for women, available with attractive interest rates. The bank also provides home loan, education loan and foreign employment loans among a host of many other loans. The company also facilitates loans such as margin loan, consortium loan, personal loan, bank guarantees, bills purchase and working capital loan. </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">Unlike other finance companies, PFCL provides Loans against Share, Gold or fixed deposit. It also provides banking facilities round-the-year with internet and debit card facilities. Besides, there are loans for those opting to start a small business or industry. Sherchan says, “As long as they meet our criteria, we provide loans to each and every individual that approach us. We open account for remittance receivers for a token amount of Rs 51.” PFCL also provides services such as e-banking, SMS banking, SCT debit cards, ABBS facilities and fund transfer for clearing and collection services. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp;<img alt="" border="1" height="446" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/swot.jpg" vspace="10" width="271" /></span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span color:="" style="font-family: ">Investment </span></span></strong></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">The expansion of the company in terms of its branches has increased the company’s access to all kinds of sectors in remote as well as urban areas. PFCL has invested in small to big budget projects all around the country. Sherchan says, “We have invested in most sectors in Nepal which includes big budget hydropower projects.” </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">PFCL has immediate plans to invest in agro business. It has already invested Rs 10 million in Kalaiya this year for small farmers involved in sugarcane cultivation. For another project, the company has distributed cows in five districts to the farmers in collaboration with Dairy Development Corporation. The two projects cost Rs 50 million in total and the investments have brought about positive results and have inspired the company to invest more in the agro sector, says Sherchan. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp;</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span color:="" style="font-family: ">CSR Activities </span></span></strong></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">PFCL has supported literary programs as part of its corporate social responsibility (CSR) activities. The company is also providing scholarship to four underprivileged students from Burtibang in Baglung district to study intermediate level. In Kathmandu too, two students are studying management on a scholarship provided by the company. PFCL also helps one handicapped student from Myagdi. </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">&nbsp;The company is in the process of becoming a development bank and this promises to benefit the company as finance companies have many limitations when compared to the development banks. Sherchan shares, “There would be no limitation for us once we become a development bank as we can then work aggressively.” </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span color:="" style="line-height: 115%; font-family: ">The current political situation of the country does not augur well for the economy at large, feels Sherchan. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span color:="" style="line-height: 115%; font-family: ">&nbsp;He shares, “There is no demand for fresh loans and we do not have new industries or entrepreneurs coming up. Industrialists are either running away or surviving on the existing industries.” PFCL is trying to increase its contribution in the remittance business and finding various other sectors for investment to deal with the situation.</span></span></p>
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<p class="Pa17" style="margin-top:5.0pt">
	<strong><span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#D8171F"><br />
	Newcomers <br />
	<br />
	<br />
	</span></strong><span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>TULSI RAM GAUTAM</strong> has been appointed Machhapuchchhre Bank Ltd as CEO. Earlier, he was General Manager of Credit Department at Nepal SBI Bank Limited<br />
	<br />
	<br />
	<img alt="" border="1" height="143" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/SATISH-NEUPANE.gif" vspace="10" width="117" />. </span></p>
<p class="Default">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>SATISH NEUPANE</strong> has joined Trade Tower Business Center as Managing Director. Earlier, he was Director at Arun Valley Hydropower Company Ltd.</span> <br />
	<br />
	<br />
	<img alt="" border="1" height="134" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/SUNIL-KHANAL.gif" vspace="10" width="108" /><br />
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>SUNIL KHANAL</strong> has joined Trade Tower Business Center as Conference &amp; Event Manager. Earlier, he was F &amp; B Manager at Crowne Plaza Hotel, Dundalk, Ireland.</span> <br />
	<br />
	<br />
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><img alt="" border="1" height="157" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/PADAM-RAJ-SHRESTHA.gif" vspace="10" width="126" /></span></p>
<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>PADAM RAJ SHRESTHA</strong> has joined CE Construction Pvt Ltd as Business Relation Manager. Earlier, he was Media Coordinator at Brihat Investment Pvt Ltd. </span></p>
<p class="Default">
	&nbsp; </p>
<p class="Pa18">
	<strong><span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#D8171F">Newcomers at Sunny Distillery </span></strong></p>
<p class="Default">
	 </p>
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	<span style="font-size:10.0pt;line-height:115%;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#211D1E"><strong>MADHU SUDAN GIRI </strong>has joined Sunny Distillery Pvt Ltd as Senior Sales Officer. Earlier, he was Area In-charge at United Spirits Nepal Pvt Ltd.</span></p>
<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>SUMAN MAHARAJAN</strong> has joined the distillery as Senior Sales Officer. Earlier, he was Area In-charge at United Spirits Nepal Pvt Ltd. </span></p>
<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>RAMESH SHRESTHA</strong> has joined the distillery as Senior Sales Officer. Earlier, he was Area In-charge at United Spirits Nepal Pvt Ltd. </span></p>
<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>ALOK BARAL</strong> has joined the distillery as Senior Sales Officer. Earlier, he was Area In-charge at United Spirits Nepal Pvt Ltd. </span></p>
<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>GOVINDA SHRESTHA</strong> has joined the distillery as Senior Sales Officer. Earlier, he was Area In-charge at United Spirits Nepal Pvt Ltd. </span></p>
<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>LUV DHOJ KC </strong>has joined the distillery as Senior Sales Officer. Earlier, he was Area In-charge at United Spirits Nepal Pvt Ltd. </span></p>
<p>
	<strong><br />
	</strong></p>
<p class="Pa18">
	<strong><span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#D8171F">Transfers at Prabhu Finance </span></strong></p>
<p class="Default">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><br />
	<strong>RITESH KHADKA</strong> has been transferred as Branch Manager of Koteshwor Branch at Prabhu Finance Limited. Earlier, he was Branch Manager at its Godawari, Badegaun Branch.</span> </p>
<p class="MsoNormal">
	<span style="font-size:10.0pt;line-height:115%;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#211D1E"><strong>NARESH DEUJA </strong>has been transferred as Branch Manager of Badegaun Branch. Earlier, he was the Assistant Branch Manager of Thimi Branch. <br />
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<p class="MsoNormal">
	 </p>
<p class="MsoNormal">
	<strong><span style="font-size:10.0pt;line-height:115%;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#211D1E">&nbsp;</span></strong></p>
<p class="Pa18">
	<strong><span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#D8171F">Promotions at Sunrise Bank <br />
	<br />
	<img alt="" border="1" height="148" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/ROBIN-NEPAL.gif" vspace="10" width="120" /><br />
	</span></strong></p>
<p class="Pa18">
	 </p>
<p class="Pa17" style="margin-top:5.0pt">
	<strong>&nbsp;<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E">ROBIN NEPAL</span></strong><span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"> has been promoted as Assistant General Manager, Head – Business Management Division. Earlier, he was Chief Manager at Sunrise Bank Limited’s head office at Gairidhara, Kathmandu. <br />
	<br />
	<br />
	<img alt="" border="1" height="146" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/MANOJ-NEUPANE.gif" vspace="10" width="119" /><br />
	</span></p>
<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>MANOJ NEUPANE</strong> has been promoted as Manager, Head – Corporate Banking Department. Earlier, he was Deputy Manager at the bank. </span></p>
<p class="Default">
	&nbsp;</p>
<p class="Pa18">
	<strong><span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#D8171F">Promotions at International Money Express (IME) </span></strong></p>
<p class="Pa17" style="margin-top:5.0pt">
	<strong>&nbsp;</strong><br />
	<br />
	<img alt="" border="1" height="146" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/BISHAM-POKHAREL.gif" vspace="10" width="119" /><br />
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	<span style="font-size:14px;"><strong><span class="A1"><span style="line-height: 115%; font-family: ">Corporate Focus</span></span></strong></span></p>
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	<strong><span style="font-size:14px;"><span class="A30">The Last Resort </span></span></strong></p>
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	<strong><span style="font-size:14px;"><span class="A32"><span style="line-height: 115%; font-family: ">A Perfect Adventure Destination</span></span></span></strong></p>
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	<span style="font-size:14px;"><span class="A32"><span style="line-height: 115%; font-family: ">&nbsp;<img alt="corpoate focus" border="1" height="181" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporate-focus.jpg" vspace="10" width="338" /></span></span></span></p>
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	<span style="font-size:14px;"><span class="A4">T</span><span style="color: rgb(34, 30, 31);">he Last Resort is not only an ultimate destination for Nepali daredevils but also for adventure seekers trekking across the world in a quest for thrills. The resort, lying peacefully 100 kilometres north-east of Kathmandu has become the ultimate destination for those seeking thrills of a bungee jump and various other adventure possibilities the resort offers. <br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa8" style="text-indent:14.0pt">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Since its establishment 14 years ago, thousands of adventure lovers have flocked to the resort to calm their adrenaline pumps. The resort was established by David H Alladice and Bishnu H Neupane in 1998 October. The resort primarily established with an aim to promote adventure activities with Bungy Nepal has now expanded to numerous activities like Canyon Swing, High Ropes, Canyoning, Mountain Biking and Rafting. <br style="mso-special-character:line-break" />
	<br />
	<br />
	The Last Resort in Sindhupalchowk district, a three-and-a-half hour’s drive from Kathmandu is not a haven for adventure seekers only. The resort is also a perfect getaway for relaxation and experiencing serene nature, away from the bustling city crowds and stressful weekdays. To address non-daredevils, the resort offers various packages like “relax at the resort for one night” at the price tag of Rs 3,500. Similarly, “relax and massage package” of one night costs Rs 5,000 per person. The resort has 25 tents that can accommodate 64 persons at once that ensure quiet and peaceful stay in an exotic setting. Services like massage, sauna and plunge pool in a peaceful environment help the relaxation of body and mind. Surrounding area also hosts numerous possibilities for hiking and brief strolling to enjoy the picturesque hills and roaring river deep into the gorge. <br />
	<br />
	So, The Last Resort is absolutely not for adventurous souls only. The resort located across the Bhotekoshi River linked with a suspension bridge from the Araniko Highway receives tourists and visitors round the year. Prakash Pradhan, Resort Manager and Bungy Master says being located near to the Tibetan border, tourists visiting the surrounding hills for hiking, biking and other activities also visit the resort to quench their thirst for ultimate adventure. The resort on top of a green river gorge is 10 kilometres from Tatopani, Tibetan border and 12 kilometres from Barhabise of Sindhupalchowk. <br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa8">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">The resort does not need a special season to welcome its guests. The resort is visited round the year by Nepali and foreign visitors. However, it welcomes higher number of foreign tourists during the peak tourist season - September to November. Thakur Rimal, Assistant Resort Manager, says, “March to May and September to November is the season while rest of the year is off-season. Even in the off-season, the resort does reasonably well due to its many activities.” <br />
	<br />
	<img alt="last resort" border="1" height="217" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporate-focus1.jpg" vspace="10" width="483" /><br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Bungy Nepal <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="Pa8" style="text-indent:14.0pt">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Bungy Nepal at The Last Resort is ranked second on Asia’s five highest bungee jumps by CNNGo. It is also listed as one of the best bungee jumps around the world by numerous media. It is the second highest jump in Asia. Probably it is the most spectacular jump on the planet. Jumping off a 160 metre high bridge into the gorge of Bhotekoshi River is definitely one of the most thrilling acts to try. It is as exciting and fun as scary as it looks. After taking a leap from the 160 metre high bridge, the sense of intense thrill takes over the fear and leaves the jumper longing for never ending free fall instead of what Bungy Nepal offers – 3.5 seconds. As bungee instructors at the resort say, the jump is definitely, “Walking like a penguin and flying like a bird.” </span><span style="color: rgb(34, 30, 31);">To try the bungee jump, one must be at least 40 kg to 110 kg and 18 years and older or have consent from parents in case of a minor. The bungee begins between 11 to 11:30 am and continues usually till 4 pm. The sales office at Thamel takes 40 bookings at most but rest can be availed on-site bookings at the resort. A bus of the resort leaves Thamel at 6 am every day (6 days during the high season – Monday off, and 4 days during the off season). <br style="mso-special-character:line-break" />
	<br />
	</span></span><strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Canyon Swing </span></span></strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);"><br />
	<br />
	Canyon Swing is definitely not a kid’s swing. The Canyon Swing at The Last Resort is the world’s highest giant and ultimate swing – jumping off a 160 metres high bridge, experiencing free fall of 100 metre for seven seconds before the twin lines swing you at 150 km per hour. The company claims it is the highest in the world. The weight limit for swing is 120 kg. The swing day trip to the resort costs Rs 4,000 per person while the swing only costs Rs 3,200. <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">High Ropes <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="Pa8" style="text-indent:14.0pt">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">High Ropes is a fun filled activity at The Last Resort that can be enjoyed with family and friends. The thrilling and fun filled activity releases stress and boosts the team work. This adventure sports has various mini activities like ladders, wobbly bridges, walk ways, cargo nets, abseils and zip lines. Hillary Steps, Nepali Taxi and Bagmati River Crossing are few of the obstacles that will make anyone’s adrenaline pump. High Ropes comes with a price tag of Rs 3,500 for a day trip, Relax and High Ropes (1 night/1day) at Rs 5,800 and High ropes only at Rs 3,000. <br />
	<br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Hidden Canyons <br />
	</span></span></strong></p>
<p class="Pa8">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Canyoning at The Last Resort is not only about exploring hidden places in the Himalayas but also finding out the adventurer within oneself. The resort offers a variety of canyons from exploratory walks to some of Nepal’s most extreme environments, says the company. The guides of the resort will lead you to abseiling, jumping and sliding down steep canyon walls and waterfalls to deep pools below. It is just another adventurous way to release the tension and get adrenaline high in the blood. <br style="mso-special-character:line-break" />
	</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">The resort is spread over an area of around 18 ropanis. The land was bought from a local Guthi and around half the land is acquired by the resort from local villagers around the resort. Situated right next to a village, the resort has given back to the locality in various ways. The suspension bridge that holds the platform for bungee jumping and swing was built by the resort. The bridge not only offers the option to jump off it but also the convenient way for locals to connect to the highway. According to Pradhan, before the bridge was built by the resort, locals had to walk three hours to cross the Bhotekoshi River and reach the other side via a bridge closest to the village.<br />
	<br />
	&nbsp;Similarly, out of 68 employees, 48 are working at the resort and around 90 percent of them are locals, says Pradhan. He adds, “As part of our CSR initiatives, we help the local communities in the two VDCs of Marming and Listi Kot. We contribute Rs 400,000 each per year to the two VDCs for education, health and village development.” According to the resort, a fixed amount of every activity is spent on development of the local infrastructure and to support local projects.</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">&nbsp;</span></span></p>
<p class="Pa31" style="margin-top:8.0pt">
	<strong><span style="font-size:14px;"><span class="A16">WHERE: <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="Pa18">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Panlang-5, Sindhupalchowk district, on the Araniko highway, across the Bhotekoshi River from Marming-8, Sindhupalchowk </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;</span></p>
<p class="Pa31" style="margin-top:8.0pt">
	<span style="font-size:14px;"><strong><span class="A16">HOW TO REACH: <br />
	<br />
	</span></strong><span style="color: rgb(34, 30, 31);">100 kms from Kathmandu (approximately 3 </span><span color:="" style="font-family: ">½ </span><span style="color: rgb(34, 30, 31);">hrs drive), 14 kms from the Tibetan border. One can go by private transport, however, the resort also has its own tourist bus leaving at 6 am every day (6 days during the high season – Monday off, and 4 days during the off season). <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Default">
	<strong><span style="font-size:14px;"><span class="A16">WHEN TO GO:</span> <br />
	</span></strong></p>
<p class="Pa18">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Tourist Season (September- November &amp; March-May) <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Default">
	<strong><span style="font-size:14px;"><span class="A16">WHAT TO DO:</span> <br />
	</span></strong></p>
<p class="Pa18">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Bungy Jump, Canyon Swing, High Ropes, Canyoning, Mountain Biking, Rafting, Relax </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp; <br />
	</span></p>
<p class="Pa31" style="margin-top:8.0pt">
	<strong><span style="font-size:14px;"><span class="A16">WEATHER: <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="Pa18">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Similar to Kathmandu all season </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp; <br />
	</span></p>
<p class="Pa31" style="margin-top:8.0pt">
	<strong><span style="font-size:14px;"><span class="A16">MISCELLANEOUS: <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">A Bungy Jump/Canyon Swing costs Rs 3,200 per person per activity. The resort provides a package of Rs 4,000 per person for to-and-fro transportation, one activity and lunch. There is also a provision for overnight stay at the resort. For more details/reservations, contact The Last Resort, Sales Office, Thamel, Kathmandu: Tel 00977-1- 4700525/4701247, Email info@ thelastresort.com.np or visit its website www.thelastresort.com.np</span></span></p>',
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			'created' => '2012-10-30',
			'modified' => '2012-12-06',
			'keywords' => '',
			'description' => 'The Last Resort is not only an ultimate destination for Nepali daredevils but also for adventure seekers trekking across the world in a quest for thrills.',
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			'title' => 'Pilot Pens Everyone’s Favourite',
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			'content' => '<p>
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<p>
	<span class="A46"><span style="font-size:
40.0pt;line-height:115%;font-family:&quot;Calibri&quot;,&quot;sans-serif&quot;;mso-ascii-theme-font:
minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:&quot;Myriad Pro&quot;"><img alt="deepak kumar " border="1" height="189" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/deepal.jpg" vspace="10" width="152" /></span></span><br />
	<strong>DEEPAL KUMAR PURKOTI<span class="A5"><span style="font-size:
10.0pt"><br />
	Sales and Marketing Manager</span></span><br />
	Fair Trade Pvt Ltd</strong></p>
<p class="Default" style="margin-left:.5in">
	<strong><span class="A5"><span style="font-size:10.0pt"><br />
	<br />
	<br />
	</span></span></strong><span class="A13"><span style="font-size:59.0pt;mso-bidi-font-family:
&quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi">N</span></span><span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;
color:#211D1E">o matter how much writing is being tried to be replaced by modern tools like computers and tablet PCs, writing wouldn’t be complete without a pen. When a writer’s pen writes smooth like silk and bears a powerful brand name, it would prove a cherry on top. Young toddlers to professional executives and everybody in between would love a pen that writes at every occasion. Fair Trade Pvt Ltd (FTPL), the sole authorised distributor of Pilot pens for Nepal, brings pens for all from the well known stationery brand from Japan - Pilot. <br />
	</span></p>
<p class="Pa10" style="margin-left:.5in;text-indent:14.0pt">
	<img align="left" alt="pilot" border="1" height="252" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/polit.jpg" style="margin:10px;padding:10px;" vspace="10" width="334" /><span style="font-size:10.0pt;color:#211D1E">The company has made easy availability of original pens from Pilot brand at affordable prices. Besides Kathmandu, rural Nepal also receives genuine products from Pilot through the dealerships spread over major cities in various parts of Nepal. Currently, the company has dealers in Biratnagar, Birgunj, Pokhara, Narayanghat and Hetauda, said Deepal Kumar Purkoti, Sales and Marketing Manager at FTPL. He said that the company is planning to open around three new showrooms in the near future. Through these showrooms, the company targets to reach every district and the remote villages too. <br style="mso-special-character:line-break" />
	</span></p>
<p>
	 </p>
<p class="Pa10" style="margin-left:.5in">
	<span style="font-size:10.0pt;
color:#211D1E">Though the company is distributing imported pens at the moment, it is also planning to produce pens within the country that bears the brand name of Pilot. “In around one-and-a-half-year’s time, FTPL is planning to produce certain products within the country,” Purkoti revealed. The company is planning to begin production in Nepal with a low segment pen and then expand into different categories. It is in the procedure to finalise the location for setting up the industry and investment volume. Similarly, the production capacity is not finalised yet, said Purkoti. <br style="mso-special-character:line-break" />
	</span></p>
<p class="Pa10" style="margin-left:.5in">
	<span style="font-size:10.0pt;
color:#211D1E">According to him, around 1.5 million Pilot pens are sold in Nepal annually. Super-GP, V5 series, board markers, permanent markers, gel pens, ball pens, mechanical pencils are some of the most popular categories of pens sold in Nepal. Similarly, V5 pens are popular among government officials and professionals as it is smooth and easy to write even in the Nepali paper used in government offices. Super GP, ball pens and gel pens are especially popular among students. At its showroom at Dharmapath in New Road, Pilot pens cost anywhere from Rs 15 to Rs 30,000. The fountain pen costing Rs 30,000 bears an 18-carat gold nib and cover holder. <br style="mso-special-character:line-break" />
	</span></p>
<p class="Pa10" style="margin-left:.5in;text-indent:14.0pt">
	<span style="font-size:10.0pt;color:#211D1E">The showroom was established around a year back with an investment of Rs 3 million. With the growing awareness among people about the brand, Purkoti revealed that the sale of Pilot pens lately is in an increasing </span><span style="font-size:10.0pt;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#211D1E">trend. The company imports Pilot pens from Japan. <br style="mso-special-character:line-break" />
	</span></p>
<p class="Pa10" style="margin-left:.5in;text-indent:14.0pt">
	<span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E">Dr Grip is one such pen that has antiseptic, anti-smell, anti-sweating and bacteria-free characteristics. The pen, true to its name, is even certified by doctors and costs from Rs 500 to Rs 900. Likewise FriXion series pens can write, erase and rewrite. This pen is strongly discouraged for using in examinations and signing important documents. B2P is a distinctive ball pen that is made out of recycled water bottles. The store has over 250 varieties of Pilot pens. The company is planning to bring in pens that cost around Rs 10, in the near future. FTPL is going to add more products to the available range. These upcoming products include fountain pens, V series, sketch pens, mechanical pencils, gel markers, board markers, FriXion colour sets and other products for children. </span></p>
<p class="Pa10" style="margin-left:.5in;text-indent:14.0pt">
	<span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E">FTPL has held the dealership of Pilot pen in Nepal for 30 years. It is a trading company that is in existence for three decades and has been involved in importing garments, Pilot pens, Konica Minolta products and medical equipments among others. There are 40 employees working for the company. <br style="mso-special-character:line-break" />
	</span></p>
<p class="Pa10" style="margin-left:.5in">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E">The company is revamping its marketing strategy. Purkoti says that old dealings will be done in newer ways like having wholesalers and distributors in all five development regions. Similarly, FTPL is planning to introduce promotional offerings for both customers and retailers. It will also undertake awareness campaigns by setting up stalls at schools and colleges to spread information to students. The company is planning to give away certain pens at the purchase amounting higher than a certain limit. Likewise, it is also thinking of giving special offers and gift hampers to dealers as well. <br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal" style="margin-left:.5in">
	<span style="font-size:10.0pt;
line-height:115%;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E">FTPL believes in delivering quality. Similarly, it envisions each and every person writing with Pilot pens. The company does not feel competition in the market on account of either quality or brand value. However, Purkoti accepts the competition with regards to the price. Purkoti feels the absence of legal mechanism to demoralise the availability of counterfeit products. He recommends the customers to look for quality rather than the price and always choose genuine products.<br style="mso-special-character:line-break" />
	</span></p>',
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			'description' => '“We are planning to open around three new showrooms in the near future. Through these showrooms, the company targets to reach every district and the remote villages too.”',
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			'title' => 'Chilime Hydropower : Dreaming Large',
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			'content' => '<p>
	<strong>“We have made sure that all people have share holdings in this company. With this model, we have ensured 360 degree participation and made it a people’s company.” <br />
	</strong><br />
	<br />
	<img alt="" border="1" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporare_kulman.jpg" style="width: 169px; height: 206px;" vspace="5" /><br />
	<br />
	<strong>KUL MAN GHISING <br />
	Managing Director <br />
	Chilime Hydropower Co Ltd <br />
	</strong><br />
	<br />
	If dreaming big is the norm for corporate houses, it is larger for Chilime Hydropower Company Limited. Having an installed production capacity of 22.1 Megawatts (MW) hydroelectricity at the moment, it envisages producing 500 MW of hydroelectricity by 2020. Similarly, it dreams to be the largest hydropower company in Nepal. <br />
	<br />
	<img alt="Chilime Hydro Power" border="1" height="285" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporatefocus_banner.jpg" vspace="5" width="400" /><br />
	<br />
	Chilime has actually begun working towards its 2020 vision already. Right after the generation of hydroelectricity began on 25August 2003, the company applied for further projects and has four projects in its pipeline now. They are Rasuwagadhi Hydropower (111 MW), Senjen (42.5 MW), Upper Senjen (14.5 MW) and Madhya Bhotekoshi (102 MW). These projects will remain under Chilime’s subsidiaries: Rasuwagadhi Hydropower Company Limited, Madhya Bhotekoshi Jalavidhyut Company Limited and Senjen Jalavidhyut Company Limited. The parent company Chilime owns and operates a 22.1 MW power plant located in Rasuwa district. <br />
	<br />
	Kul Man Ghising, Managing Director of Chilime, reveals, “We have already planned on how to move ahead after completing these four projects. Two projects will come into operation after four years while the other two will commence operation after five years.” <br />
	<br />
	<img alt="" border="1" height="408" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/chilime.jpg" vspace="5" width="400" /><br />
	<br />
	Chilime is also planning to get into reservoir based hydel plants along with sizeable projects of up to 500 MW. Ghising confidently says, “We have that capability as we are financially strong. We will get even stronger with the completion of four projects, both technically and financially.” Chilime has well understood that without sizeable projects, economies of scale in hydropower sector cannot be achieved and the price won’t reduce either. Chilime has applied for licenses of large scale power plants namely, Uttarganga (300 MW), Upper Arun (335 MW) and Langtang Project (232 MW). “We are hopeful to get licenses of some of these projects. After having license(s) in hand, we will go into construction phase within three years,” says Ghising. Chilime is looking forward to add more projects to its portfolio by 2014/15 so that it will have projects of around 800 MW by 2020 including operational capacity of 500 MW. This will help Chilime leap one step forward to meet its dream to establish itself as the largest public hydropower company in Nepal. <br />
	<br />
	Since its establishment, it has optimally utilised the local resources of Nepal –technical manpower and financing etc. Ghising says that the company is operating on a model of public-people-partnership. Therefore, 51 per cent of the stakes is held by the Nepal Electricity Authority (NEA) and 49 per cent by the general public including 10 per cent equity ownership of the local people at the project sites. He claimed Chilime to be the first public limited hydropower company of Nepal. <br />
	<br />
	The company has adopted a model that has been highly successful for managing capital for investing in hydropower. It includes investors, regulator, government bodies, the operator’s employees, buyers and also the consumers for financing hydropower. Ghising says the model that has been introduced by Chilime has proved to be a milestone for the Nepali hydropower sector. “When developing a 200 MW project was thought impossible without foreign investment and support from donors like Asian Development Bank (ADB) and World Bank, we have used money within Nepal to finance upcoming projects for a total of 270 MW,” he boasts, “Chilime has collected Rs 4 billion in four days. The confidence of the general public to invest in hydropower has developed because of us.” <br />
	<br />
	Ghising clarifies that Chilime is not a Public Private Partnership (PPP) company. It is rather a people focused company. He says that Chilime has moved on to the 4P model – peoplepublic- private-partnership as it has also involved private entities in its subsidiary companies. “We have made sure that all people have share holdings in this company. With this model, we have ensured 360 degree participation and made it a people’s company.” <br />
	<br />
	<img alt="chilime hydro power" border="1" height="405" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/chilmme111.jpg" vspace="10" width="400" /><br />
	<br />
	Ghising believes that a huge amount of hydropower can be developed in Nepal if more than a dozen hydropower companies adopt the same model. Chilime is looking forward to business expansion and to meet this objective, Ghising feels the need for foreign direct investment (FDI). He believes that international companies will easily be ready for partnership with Chilime as it has a huge public base and is a stable company in Nepal. <br />
	<br />
	Chilime has also helped locals prosper by making them the shareholders of the company. Ghising says that shareholding households of Rasuwa district have liquid assets of Rs 500,000 each because of the Chilime shares they own and dividends they receive. Ghising says that locals own 500 units of shares per household. “Each household will be proud to have at least Rs 2 million worth of shares after five years as the bonus shares and dividends go on adding up.” <br />
	<br />
	The company has been distributing around Rs 35,000 to 40,000 every year as dividend to each household. Ghising says that Rs 90 million was distributed last year in Rasuwa district alone as dividend. The company had distributed 70 per cent dividend last year – 30 per cent cash and 40 per cent bonus share. “This has helped in inclusive growth of locals along with creating a sense of ownership towards the project,” he says. Likewise, as part of its Corporate Social Responsibilities (CSR), the company spends over Rs 10 million every year on various activities like education, health, drinking water, roads, electricity and other social causes. <br />
	<br />
	The company had made a net profit of Rs 843.14 million in the fiscal year 2010/11. This year, the company’s net profit remained around Rs 950 million. The revenue collection of the company in the fiscal year 2011/12 was around Rs 1.2 billion. <br />
	<br />
	The total financing cost of Chilime at the time of completion of its project in Rasuwa was Rs 2.5 billion. While Rs 960 million was managed through equity investment, rest of the amount was materialised from borrowings. The company paid back its loan within three years. Chilime, at present, has paid up capital of Rs 1.35 billion. It is investing around Rs 7 billion in four projects within the course of the next five years. However, the total cost of these projects is around Rs 33.2 billion. Around Rs 16.6 billion will be invested by the Employees Provident Fund (EPF) while the rest will be managed through equity management. <br />
	<br />
	Ghising ruled out the dispute over Bhotekoshi rafting saying everybody in the region is warm heartedly welcoming the project. Earlier, it was being said that the rafting business will be disturbed due to the construction of the project. Ghising insisted that the actual rafting generally begins from Middle Bhotekoshi Project Power house area and will not affect rafting activities in any way. <br />
	<br />
	<img alt="" border="1" height="302" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/chilime112.jpg" vspace="5" width="300" /><br />
	<br />
	He also promises to promote the rafting business and develop an international community rafting centre with rafting museum, a convention hall and a rafting training institute along with building gateways for rafting at numerous points on the banks of Bhotekoshi. He also sees possibilities for development of Eco- Hydro-tourism that will also boost revenue collection at Sindhupalchowk district. The company has made a slogan ‘Hydropower together with tourism’ to reinforce its promises. Chilime has a complaint that the hydropower sector is missing the presence of a regulator to check and balance the developers as well as the NEA. Ghising says that the hydropower sector is not as transparent as it should have been. <br />
	<br />
	Chilime is planning to export its surplus production after meeting the local demand. Similarly, it will also begin working towards backward integration like a tie-up with the turbine manufacturers, operation &amp; maintenance and consulting for hydropower sector. <br />
	<br />
	<img alt="swot analysis" border="1" height="142" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/swotanalysis.jpg" vspace="5" width="250" /><br />
	<br />
	<br />
	<strong>STRENGTHS </strong><br />
	<br />
	• Financially strong <br />
	<br />
	• Technically sound <br />
	<br />
	• Credibility <br />
	<br />
	• Goodwill <br />
	<br />
	• Public support <br />
	<br />
	<br />
	<br />
	<strong>WEAKNESSES </strong><br />
	<br />
	• Time taking procedures for procurement of goods and services. <br />
	<br />
	<br />
	<br />
	<strong>OPPORTUNITIES </strong><br />
	<br />
	• Huge market opportunity <br />
	<br />
	• Potential to generate hydropower <br />
	<br />
	<br />
	<br />
	<strong>THREATS </strong><br />
	<br />
	• Possibilities for project delays <br />
	<br />
	• Unnatural demands from locals <br />
	<br />
	• Weak financial health of the NEA - the buyer of electricity <br />
	<br />
	• Political instability <br />
	<br />
	• Unavailability of adequate technical manpower in the market <br />
	<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-15',
			'modified' => '2012-10-10',
			'keywords' => '',
			'description' => 'Chilime Hydropower Dreaming Large “We have made sure that all people have share holdings in this company. With this model, we have ensured 360 degree participation and made it a people’s company.”',
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	(int) 6 => array(
		'Article' => array(
			'id' => '651',
			'article_category_id' => '39',
			'title' => 'Arun Valley HDC : For Rural Electrification',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="corporate focus" border="1" height="285" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/julycorporatefocus.jpg" vspace="5" width="400" /><br />
	<br />
	<strong>“Piluwa Khola Small Hydropower Project is an exemplary hydropower project developed by the private sector.” </strong><br />
	<br />
	<img alt="ramesh neupane" border="1" height="230" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporateimages.jpg" vspace="5" width="200" /><br />
	<br />
	<strong>RAMESH NEUPANE <br />
	Managing Director, AVHDC </strong><br />
	<br />
	<br />
	<br />
	“Domestic capital and technology are sufficient to rescue the country from the present energy crisis,” Ramesh Neupane, Managing Director of Arun Valley Hydropower Development Company (AVHDC) asserts. The rationale for this claim is: his company has built a 3-MW Piluwa Khola Small Hydropower Project in Sankhuwasabha district within 36 months. Out of the total 75, there are 40 districts in Nepal suitable and feasible for electricity generation. If a 5-MW plant is established in each of these districts, about 200-MW of energy will be added to the national grid within three years. When private sector adds 200 MW of power every three years, it is very possible that the same force can liberate Nepal from the energy crisis within a short period of time. <br />
	<br />
	According to Neupane, such a target can be achieved only if the government motivates the private sector. He underscored six points on making hydropower a centre of attraction for investment. First, the government should extend the license period from existing 35 years to at least 50 years for hydropower projects over 5 MW while the projects below it should be allowed to own the project for a lifetime. Second, Nepal Electricity Authority (NEA) must amend and increase electricity purchase rate in line with the inflation rate. “Price of electricity should be determined on the basis of demand and supply. NEA should increase the electricity tariff to the customers and with this effect, should also provide reasonable price to hydropower project developers,” he said. Third, the government should exempt VAT to hydropower projects. Investment in hydropower projects should be declared as tax free business till the country does not have sufficient power. This will help to attract investment into this sector. Fourth, Hydropower Finance and Development company of the government should be activated and provide long term loans on subsidised rates to the projects. Also, the capital market has to be liberal to raise funds from potential Nepali investors by issuing shares and debentures. Foreign investors should be attracted to invest in hydropower projects and allowed to trade shares in Nepal’s stock market. Fifth, the government should provide security to all projects. <br />
	<br />
	The cost of the security staffs has to be borne by the government and some field allowances are to be paid by the developers. Lastly, the government should build high voltage transmission lines from North to South to transmit energy generated in the Northern region to the Southern market of Nepal. Private sector investment in BT and/ or BOT model has to be allowed and this work should get higher priority. Additionally, Nepali energy system has to be connected with the Indian system so that energy can be imported when there is shortage and supplied when there is a surplus. Therefore, the construction of Nepal-India Cross Border Transmission Line is the urgent demand of the nation. <br />
	<br />
	In putting forward these constructive suggestions, Neupane speaks of his company’s experience as the pioneer company to introduce the concept of developing hydropower projects from the private investment in Nepal. In 1997, when the entire country was in the grip of Maoist insurgency, a group of people dared to establish Arun Valley Hydropower Development Company believing that it is possible for the private sector to build capital intensive projects such as hydropower provided there is a favourable environment, laws and policies for investment. The objective behind the establishment of Arun Valley was to construct, develop and operate small hydropower projects utilising domestic resources, technology and capital. <br />
	<br />
	When they planned to embark on their first project - Piluwa Khola Small Hydropower Project - they not only had to face difficulty to get the government’s support but also to fetch finance for it. When the AVHDC team approached the then Minister for Water Resources Sailaja Acharya with the concept, she expressed her surprise over the idea of a private sector company developing hydropower projects. But, impressed with their innovative concept, she pleaded help in every step of their project development. Their follow-ups in the Ministry of Water Resources bore fruits when NEA started to sign Power Purchase Agreement (PPA) with the private power developers. <br />
	<br />
	The team got a survey license from the Department of Electricity Development (DoED) of NEA to conduct feasibility study of Piluwa Khola Small Hydropower Project in Sankhuwasabha district. After completion of the survey, they applied for PPA. Minister Acharya helped them in getting a rate of Rs 3.0 for the wet season and Rs 4.25 for the dry season with an escalation of 6 percent for a period of five years. The escalation was supposed to be revised after five years but has not taken place till date, said Neupane. At that time, another setback was to find loan capital for the project. The project was planned with 30 per cent equity of the company and arranging 70 per cent loan from banks and financial institutions (BFIs). “As hydropower projects were the new investment area for the Nepali commercial banks, they were not ready to provide us loan in the initial phase,” said Neupane. Most of the BFIs doubted whether a private company can actually build and complete a hydropower project and will be able to pay back the loan amount. Finally, Manoj Goyal, the then CEO of the Bank of Kathmandu (BoK) took the risk and the first project of the company was financed and completed within the targeted time frame of 36 months. The project construction work was started in February 2001 and was completed in June 2003 while commercial operation started from August 2003. Arun Valley now has its own land and office building at Milan Chowk of Baneshwor and is listed in Nepal Stock Exchange.<br />
	<br />
	“The share price of this company ranges between Rs 300 and Rs 400 and the company claims that the market price of an Arun Valley Hydropower Company share will not be less than Rs 1000 upon the completion of Kabeli B1 Hydropower Project. “Piluwa Khola Small Hydropower Project is an exemplary hydropower project developed by the private sector,” argues Neupane. The company has been regularly distributing dividends to the shareholders of the company for the last seven years. “Investors have already got the return of their initial investment on the project. What they are getting now is their bonus,” shares Neupane. The second project of AVHDC is Kabeli-B1 Hydroelectric Project on Kabeli River flowing through the border of Taplejung and Panchthar districts. The project has completed the detailed feasibility study. The run-of-river project with an installed capacity of 25 MW, will sign PPA with the NEA within mid July. “The total project cost is estimated to be Rs 3,500 million. Of this total investment, 70 percent (Rs 2,450 million) will be raised from bank loan and the remaining Rs 1,050 million from the equity of share holders,” said Neupane. The company will issue rights shares to its existing shareholders to finance this project. <br />
	<br />
	A new company named Arun Kabeli Power Limited has been established as Arun Valley’s sister company to look after this project. “We have acquired 50 ropanis of land for the project and will be floating 39 per cent of the project company’s shares to the strategic partners in the beginning of next fiscal year,” said Neupane. Arun Valley Hydropower Development Company Limited will hold 51 per cent share of the project while the local people will have the opportunity to invest up to 10 per cent of the equity investment in this project. <br />
	<br />
	Lower Pheme Khola Small Hydropower Project is the second under construction project of the company located in the Mechi corridor. The project with an estimated cost of Rs 436 million has also reached the stage of PPA signing. “We will begin construction work immediately after signing the PPA,” said Neupane. <br />
	<br />
	The third project under development, Upper Piluwa Khola Small Hydropower Project, is being developed by Upper Piluwa Khola Hydropower Company Limited. AVHDC has the majority shares of this company. The project will be developed by setting-up a diversion weir from five kilometre up-stream of existing Piluwa Khola Small Hydropower Project. The project with an installed capacity of 9.6 MW has also reached the stage of PPA signing. Talking about the uniqueness of his company, Neupane shares that his company has more than 22,000 big and small shareholders. The company is in favour of mobilizing large number of people as investors in hydropower projects. The size of investment is as low as Rs 100,000. The company strives to keep the project construction costs low, complete the projects on time and distribute dividends to shareholders. Arun Valley is committed to utilise domestic capital, resources and technology to the optimum level and give relief to the country from prolonged hours of load-shedding even during the monsoon. “We have bid goodbye to load shedding in Gulmi and Sankhuwasabha districts. It is our vision now to lift the entire country from the existing energy crisis,” shares Neupane.<br />
	<br />
	It is his understanding that entrepreneurship, dedication and hardworking makes any project a success. “The technology for generating power from the running mountain water is well proven. We simply follow the art of technology,” he said. Neupane supports the idea of Foreign Direct Investment (FDI) to cash Nepal’s optimum potential in hydropower sector. He believes that the present political instability is the main impediment in attracting FDI in Nepal. “The first thing foreign investors consider is the risk involved in their investment. To minimise the risk, the government should sign a Power Development Agreement (PDA) with all the big and small project developers as well as local and foreign investors,” said Neupane. According to him, FDI will increase if the government requests foreign investors to invest in Nepal by agreeing to guarantee the security of their investments. The company also plans to attract new investors to invest in its new power projects namely Kable B-1 (25 MW), Upper Piluwa Khola (9.6 MW) and Lower Pheme Khola (3.5MW). <br />
	<br />
	<br />
	<strong>Swot Analysis <br />
	<br />
	<br />
	STRENGTHS </strong><br />
	<br />
	<br />
	• Motivated staffs <br />
	<br />
	• Stability of the company <br />
	<br />
	• Loan free company <br />
	<br />
	• Listed in the Nepal Stock exchange <br />
	<br />
	<br />
	<strong><br />
	WEAKNESSES </strong><br />
	<br />
	<br />
	• Employee turnover <br />
	<br />
	• Difference of thought between developers <br />
	<br />
	<br />
	<strong>OPPORTUNITIES <br />
	</strong><br />
	<br />
	• Developing partnership with local government <br />
	<br />
	• Developing projects with foreign investors <br />
	<br />
	<br />
	<strong>THREATS </strong><br />
	<br />
	• Unhealthy competition <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-10',
			'modified' => '2012-09-17',
			'keywords' => '',
			'description' => '“Domestic capital and technology are sufficient to rescue the country from the present energy crisis,” Ramesh Neupane, Managing Director of Arun Valley Hydropower Development Company (AVHDC) asserts. The rationale for this claim is: his company has built a 3-MW Piluwa Khola Small Hydropower Project in Sankhuwasabha district within 36 months. Out of the total 75, there are 40 districts in Nepal suitable and feasible for electricity generation. If a 5-MW plant is established in each of these districts, about 200-MW of energy will be added to the national grid within three years. When private sector adds 200 MW of power every three years, it is very possible that the same force can liberate Nepal from the energy crisis within a short period of time.',
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	(int) 7 => array(
		'Article' => array(
			'id' => '644',
			'article_category_id' => '39',
			'title' => 'ICT Branding Expo - Version 2.0',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The fifth ICT Info-Trade Fair 2012, the ICT Branding Expo, will be organised from 5 January by Information Communication and Technology (ICT) Association of Nepal at Exhibition Hall in Kathmandu. The five-day long exhibition will showcase latest and innovative information technology products. According to Sagar Dev Lakhe, President of the ICT Association of Nepal, the expo is being promoted as a branding expo for the second year in a row. Lakhe said it is a challenging job to promote a branding expo in the market where extensive use of IT is primarily limited to only the urban centres.</p>
<p>
	Last year's expo was successful so we have improvised on it and given continuity to the event, he added. ICT Association has been organising expos every year. According to Lakhe, such an expo must look and feel like an IT expo. So, we are using social media and IT to the utmost level and the visitors will be seeing and experiencing technology right from the entrance to the exit,â€ Lakhe said.</p>
<p>
	The slogan of the event is Bridging digital divide in IT Trade. The expo will showcase branded products popular in Nepal and abroad along with the latest innovative products and technology. Avid, Baleyo, CHIMEI, Creative, Delta, Digicom, EV, Fujikura, Hasee, Inktech, Philips, Smart Cell and ZTE are some of the brands participating in the expo. TP Link is the title sponsor of the expo. The event is expected to increase demand for technology products.</p>
<p>
	Lakhe said It is not a sales expo but a pre-sales expo which is expected to create future market prospects. We are expecting visitors to acquire as much information as they can about the products and technology on offer and meet their needs. The provision to book and purchase tickets online has been arranged. The fans on its Facebook page are entitled with certain discounts on entry charge. Around 200,000 visitors are expected to visit the expo. Lakhe assures that visitors need not worry about the parking space and quality food available at the food court. TechKnow Zone, Wi-Fi Lounge, VIP Lounge, Business Development Room, Food court are some of the specialities of the expo. The association has planned to inaugurate the event by an especially able person who has been making a living with the use of IT. It is also planning to felicitate persons who have been contributing to the sector for more than three decades but remaining away from the limelight, during the closing ceremony of the expo on 10 January.</p>
<p>
	<strong><img align="left" alt="focus" border="1" height="170" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/nikhiii.jpg" vspace="1" width="150" /></strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Nikhil Bansal</strong></p>
<p>
	<strong>Director Hitech Distribution Pvt Ltd and Spokesperson,ICT Association of Nepal <br />
	</strong></p>
<p>
	The fifth ICT Info-Trade Fair 2012, the ICT Branding Expo to be held from 5 to 9 January is an exhibition in the true sense. Unlike other expos, it is not merely a selling point for products. At this expo, one will get to see and experience IT from the time of planning to visit the expo right till the time they come out of the venue. It is not only about uniting potential clients and exhibitors at a place but also about disseminating information about brands, products and innovations and sharing necessary information required for making a purchase decision.</p>
<p>
	The success of the expo will not be calculated on the amount of sales and number of products sold. This year's ICT expo will be the true exhibition of latest innovations, technologies, products in addition to creating a brand image in a manner that the established image actually begins giving desired outcomes after the event. The expo is intended to be of truly international standards and managed in such a way that visitors and stalls management are fully taken care of. The Visitors will mainly comprise those who are tech savvy and have a certain level of understanding on technology. While it is not possible to spend hours to introduce a simple product for a novice, we don't mean to devalue visitors as this is also an exhibition for anyone who is interested in it.</p>
<p>
	Apart from utilising the technology to its fullest, this expo will also showcase extraordinary quality in terms of stall and visitor management. We expect people to gain as much information as they can and exhibitors can share all they have. We want to ensure that people neither ignore the stalls nor do they gather at one stall for a long period of time.This is an upgrade to previous years expos and the association is dedicated to take it to the next level.</p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><img align="left" alt="focus" border="2" height="163" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/sagar-lakhe.jpg" vspace="2" width="150" /></strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Sagar Dev Lakhe <br />
	</strong></p>
<p>
	<strong>President ICT Association of Nepal</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>What are the preparations so far for the expo?</strong></p>
<p>
	Almost 99 per cent of the preparations are over. All sponsors, dates, venues and events are finalised. Similarly, almost all the stalls are booked.</p>
<p>
	<strong>What are you doing to change the trend of expos being treated as a shopping destination of late?</strong></p>
<p>
	We have made a provision of e-ticketing through http://ict.org.np/ where users can print the ticket on their own which is totally a new practice for expos. Similarly, Facebook, Twitter, Google+, LinkedIn and YouTube are used to the fullest to ensure quality visitors. As per our analysis, this is the first expo that has properly used the social media. It is not a sales expo but a pre-sales expo which is expected to create future market prospects. We are expecting visitors to acquire as much information as they can about the products and their needs.</p>
<p>
	<strong>You have promised to have quality visitors at the expo this time around. How are you planning to achieve that? <br />
	</strong></p>
<p>
	The use of social media and provision of online registration is a step towards this. Similarly, we have doubled the price than the expos held earlier and discount can only be secured through online registration and Facebook page. Executive level visitors are quite hesitant to visit expos as they are afraid that their profile may be devalued or may not get the deserving attention. We need to change this so we have arranged a separate entry point for the executive visitors. Similarly, separate gates are being arranged for the entry of corporate level visiting card holders, discount holders, pass holders, students etc. All these initiatives can at least make executive visitors mentally prepared that these expos are for them too.</p>
<p>
	<strong>You have named this a branding expo. How will it be different and help promote exhibitors respective brands?</strong></p>
<p>
	Last year's expo was a successful one and it encouraged us to organise its version 2.0 this year. At a branding expo, visitors get to see the difference between general expos and a branding one. Stalls are set up as per international standards where different brands portray themselves. This is an important and meaningful platform for brand promotion to the intended customers. We have also put retail stores in a fish market manner so there will be a comparison of quality of participating stalls which will leave a huge difference on impression.</p>
<p>
	<strong><img align="left" alt="focus" border="2" height="155" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/ashokia.jpg" vspace="2" width="150" /></strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	Ashok Agrawal</strong></p>
<p>
	<strong>Managing Director Action Point Nepal Pvt Ltd (TP Link - Title Sponsor of the event) <br />
	</strong></p>
<p>
	The last year's expo successfully portrayed its quality and the theme of being a branding expo. It truly gave an impression of an international standard expo by its look, venue, stalls and the quality of exhibition. We expect the same this year too. Our main focus during the event will be on branding and we hope our brand TP Link finds recognition in the market.</p>
<p>
	We want our customers to identify with the brand and are not looking for one time sales from the event. Our objective is to share our information, promote ourselves and educate customers so that our brand gets established in the market. We will be showcasing some of the brands we deal with, during the fiveday long event.</p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Roshan Bhandari<img align="right" alt="focus" border="2" height="156" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/nikku.jpg" vspace="1" width="150" /></strong></p>
<p>
	<strong>Managing Director Human Click (Gold Sponsor of the Expo) <br />
	</strong></p>
<p>
	The ICT Info-Trade Fair has been doing well since the time it began and has been successful in managing stalls and visitors well. We expect 300-400,000 visitors turning out at this year's expo. At this year's branding expo, only the branding channel, distribution channel and authorised channels will be having their stalls in the main hall.</p>
<p>
	The branding expo proves better than other expos for both visitors and businesses as they will be trying to know each other and gather information for future deals. We are showcasing Philips monitors and Creative brands professional audio and visual products. The 3D monitor from Philips, which we will be launching during the expo, is expected to be one of the major highlights. Similarly, we are also displaying energy efficient monitors with IPS technology that can save up to 70 per cent of energy compared to other monitors available in the market. &nbsp;</p>',
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			'description' => 'The fifth ICT Info-Trade Fair 2012, the ICT Branding Expo, will be organised from 5 January by Information Communication and Technology (ICT) Association of Nepal at Exhibition Hall in Kathmandu.',
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			'id' => '643',
			'article_category_id' => '39',
			'title' => 'Norvic: Care At Its Best',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="top" alt="corporate focus" border="6" height="212" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/nervi.jpg" vspace="5" width="300" /></p>
<p>
	Chaudhary Group, a prominent corporate house of Nepal, established Norvic International Hospital in 1993 as a 30 bed facility. Today, the hospital operates 100 beds as a full-service community healthcare facility where 40 per cent of the beds are reserved for critical care Intensive Care Unit (ICU) and Coronary Care Unit (CCU).</p>
<p>
	Growing at a steady 20 per cent per annum for the last three years, it is scheduled to add 66 more beds by the end of March 2012. It also plans to become a 200-bedded super specialised general hospital in the very near future. Praveen Dawar, Vice-President of Norvic International Hospital &amp; Medical College Pvt Ltd says, We are the leading private sector hospital in Nepal and the leading hospital overall, for critical care. Over the years, the hospital has experienced major restructuring with an increase in number of Inpatient beds and progressive expansion of ambulatory care and day surgery. It has also gone through redevelopment of the Emergency Department, Cancer Clinic and Outpatient Specialty Clinics. Having achieved many firsts in healthcare treatment,</p>
<p>
	Norvic provides 24 hours emergency services and modern operation theatres backed by its excellent post operative care. The hospital started preventive health services packages for a handful of companies in 2004. Currently, over 60 organisations in Nepal&nbsp; embassies, INGOs, UN missions, airline companies, bank, corporate houses and department stores among others&nbsp; are closely associated with the hospital and have annual health screening of their staff done there.</p>
<p>
	<br />
	<strong> </strong></p>
<p>
	<strong><img align="left" alt="corporate focus" border="5" height="192" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/norve.jpg" vspace="5" width="150" /></strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	 </p>
<p>
	 </p>
<p>
	 </p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Praveen Dawar <br />
	</strong></p>
<p>
	<strong>Vice-President Norvic International Hospital &amp; Medical College Pvt Ltd</strong></p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Human Resource</strong></p>
<p>
	A highly skilled staff of affiliated physicians, full-time and part-time professional health care staff and active volunteers serve the hospital in their respective capacities. The staff benefits from the hospital's commitment to quality, continuous learning, cross training, skills development, adequate exposure, fun events and activities, flexibility, balance, leadership and a sense of community. It's a team effort where everybody is important and has a crucial role to play. We work as a family unit and do our very best for the patients that come here,says Dawar. The hospital has total staff strength of 380 with 78 Consultant Doctors, 15 of them on the hospital's payroll; 31 Medical Officers; 120 Nurses and a whole lot of support staff manning housekeeping, vehicles, maintenance and security departments.</p>
<p>
	<strong>Customer Focus</strong></p>
<p>
	With years of experience, the hospital has designed many progressive health packages to suit individuals, families, professionals, business executives, students, children and senior citizens. There is a separate Norvic Care Division (NCD) which propagates Prevention is better than Cure by advocating regular medical check-ups. NCD also undertakes Outreach Free Check-up Medical Camps to reach underprivileged masses and help the downtrodden. The hospital commits itself to care and looks at providing world class quality healthcare at an affordable cost. We strive to create strong customer focus in all the operational areas of Norvic Hospital,â€ confirms Dawar.</p>
<p>
	<strong>Marketing <br />
	</strong></p>
<p>
	The hospital is presently running to its full capacity with 80 operating beds always occupied and approximately 500 OPDs per day. It conducts a good number of free medical camps within the Kathmandu Valley as well as outside of it, to promote awareness about the hospital. There are four camps organised every month and besides the medical camps within the valley, the hospital also reaches out to locations outside the valley such as Charikot, Kavre, Baglung, Kakani, Dakshinkali etc. At these camps, the medical check-ups are done free of cost and medications too are provided at no charge. Dawar informs, We do a lot of direct marketing by sending out e-mails updating people on medical camps and new facilities at the hospital. We also hold talk programmes at different organisations that include INGOs, UN missions, banks etc.</p>
<p>
	<strong>Credible Reputation</strong></p>
<p>
	Contrary to public perception, even the population belonging to the lower middle class can easily afford the hospital, shares Dawar. With 23 beds in the general category that has reasonable hygienic conditions, a bed can cost a patient around Rs 1,000 per day. Standard beds at the hospital cost around Rs 1,800 per day, there are a total of 13 standard beds. Despite being a local hospital, it has reached international standards, claims Dawar. He says that even the expatriates living in Nepal who have seen the best of medical facilities in their home countries have great confidence in Norvic. The hospital is best known for its specialisations related to cardiac care, neuro-surgeries, gastroenterology, orthopaedic surgeries, general/internal medicine, pulmonology and hepatology. In addition to the patients that come to the hospital from within Nepal, it has also been receiving patients from Bhutan and eastern part of India namely North Bengal and Assam quite steadily. Dawar says he will consider Norvic to have achieved success the day when nobody from Nepal has to go to Singapore, Bangkok or India for treatment. That should be our long term goal, to give patients enough confidence and dissuade them from going abroad for treatment, Dawar confides.</p>
<p>
	The hospital is particularly proud of its association with Dr Naresh Trehan, the Founder Chairman of Medanta - The Medicity. Eminent Cardiologist Dr Bharat Rawat was placed at Norvic Hospital by the prestigious Escorts Heart Institute and Research Centre (EHIRC) for a period of three months in 1997. But he liked it so much here that he has been with us for 14 years now, Dawar tells with a smile. Norvic is currently working towards specialising in five more critical areas to be converted to its portfolio of super specialities.</p>
<p>
	Our intention is to stay contemporary with the latest technology and development in the chosen field of medical sciences and provide quality care at affordable price to everybody who comes to us seeking treatment,Dawar concludes on a positive note.</p>
<p>
	<span style="font-size:14px;"><strong>Milestones</strong></span></p>
<p>
	<strong>1993: Norvic registered as Norvic-Health Care &amp; Research Centre Limited. Services started with 30 beds. </strong></p>
<p>
	<strong>1997: Shifts to its own premises in Thapathali&nbsp; a 100 bed facility.</strong></p>
<p>
	<strong>1998: MoU signed between Norvic and Escorts Heart Institute &amp; Research Centre, New Delhi to start a Heart Command Centre.</strong></p>
<p>
	<strong>1999: Centre for Neurological &amp; Allied Sciences established. Neurosurgical Procedures started. First Pacemaker Implant conducted.</strong></p>
<p>
	<strong>2000: First Cath Lab in the country established.</strong></p>
<p>
	<strong>2002: First Beating Heart CABG Procedure and Coronary Angioplasty (PTCA) carried out. Norvic certified with ISO 9001:2000 Certification for Quality Management System.</strong></p>
<p>
	<strong>2003: Peripheral, Cerebral, Renal and Carotid Angioplasties carried out.</strong></p>
<p>
	<strong>2004: Norvic starts a dedicated state-of-the-art Digestive Disease Centre with Endoscopy, Sigmoidocopy and Colonoscopy facilities. Obstetrics &amp; Gynaecology department established.</strong></p>
<p>
	<strong>2005: Mini PCNL commenced to enhance and specialise the Urology faculty. CT scan established. Immunisation programme for the United Nations started. Norvic signs billing agreement with Vanbreda International of Belgium.</strong></p>
<p>
	<strong>2006: First everTotal Knee Replacement surgery carried out. Norvic signs agreement with the Asian Development Bank (ADB) for medical care. <br />
	</strong></p>
<p>
	<strong>2007: State-of-the-art Mission: Save Heart Mobile CCU started. Norvic signs agreement with UNMIN for medical care.</strong></p>
<p>
	<strong>2008: Norvic signs agreements with International Organisation for Migration (IOM) and Department for International Development (DFID).</strong></p>
<p>
	<strong>2009: Sophisticated GE Innova-2000 Fixed Cath Lab installed to further enhance Interventional Procedures. Advanced Diagnostic Centre comes into operation. Norvic Institute of Nursing Education (NINE) established. Norvic joins hands with Action Aid and GTZ providing them health care packages and facilities.</strong></p>
<p>
	<strong>2010: Specialised Dental Care added to the existing facilities. First ever Laser Surgery starts in the history of Urology in Nepal. The 3rd phase of Norvic's expansion plans begins.</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<span style="font-size:14px;"><strong>SWOT Analysis</strong></span></p>
<p>
	<strong>Strengths:</strong></p>
<ul>
	<li>
		&nbsp;Established Brand Name</li>
	<li>
		&nbsp;Best Hospital for Critical Care</li>
	<li>
		&nbsp;Clean and Hygienic Ambience</li>
	<li>
		&nbsp;Complete Line of Products as a Multi Speciality Hospital</li>
	<li>
		&nbsp;Good Team of In House Doctors</li>
	<li>
		&nbsp;Central Location</li>
	<li>
		&nbsp;Mobile CCU and 24 hrs Emergency &amp; Trauma Care</li>
</ul>
<p>
	 </p>
<p>
	<strong>Weaknesses:</strong></p>
<ul>
	<li>
		People's Perception of Norvic being a Costly Hospital</li>
</ul>
<p>
	<strong>Opportunities:</strong></p>
<ul>
	<li>
		&nbsp;Expand to other Super Specialities</li>
	<li>
		Tie Up with Medanta“ The Medicity</li>
	<li>
		Medical College (fi rst batch in 2014)</li>
</ul>
<p>
	<strong>Threats: <br />
	</strong></p>
<ul>
	<li>
		Competition with International Manpower &nbsp;</li>
</ul>
<p>
	 </p>
<p>
	 </p>',
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			'description' => 'Norvic commits
itself to care
and looks at
providing world
class quality
healthcare at an
affordable cost.',
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		'Article' => array(
			'id' => '579',
			'article_category_id' => '39',
			'title' => 'SG Global: Entering A New League',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><img align="top" alt="corporate focus" border="5" hspace="4" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporate-focus3.jpg" style="width: 257px; height: 102px;" vspace="4" /><br />
	</strong></p>
<p>
	<strong>SG Global Pvt Ltd, established in August 2011, is a fully owned subsidiary of the well known Shanker Group, an industrial and trading conglomerate. It is the authorised distributor for Sharp Electronics (Japan) and Mahindra Two Wheelers (India) in Nepal. â€œWe want to create a truly professional and multinational company in the sense how we work,â€ says Akhil Gupta, Director of SG Global Pvt Ltd. He adds, â€œOur desire is to run the company in a professional manner and let that environment accomplish for our employees, customers and associates.â€</strong></p>
<p>
	<strong>Even though Shanker Group was an established trading conglomerate involved in trading of popular brands such as Konka Electronics and Force Electronics, SG Global was conceived as a trading and representation wing of the group to pursue trading of worldwide brands in a more aggressive manner. Gupta says that each product has a certain way of getting advertised. He observes that while commercial advertising is good for electronic products, itâ€™s BTL (below the line) activities that work better for two wheelers. He explains, â€œFor two wheelers, commercial advertising can only create awareness. We have to eventually bank on BTL activities for the pull factor.â€</strong></p>
<p>
	After studying the Nepali market over a period of time and realising the potential for two wheelers, SG Global plunged into the market following a deal with Mahindra Two Wheelers Limited. â€œWe were impressed with the growth trend for two wheelers in Nepal with economic condition of the people in the country improving considerably,â€ justifies Gupta. He presents the statistics, â€œA total of 129,000 two wheelers were sold in the Nepali market last year out of which 21,000 were scooters. This spurred us to sell Mahindra scooters â€“ already popular in the Indian market â€“ in Nepal.â€</p>
<p>
	<strong>Human Resource <img align="right" alt="corporate focus" border="5" height="192" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/director.jpg" vspace="1" width="150" /><br />
	</strong></p>
<p>
	The company has 70 employees on its payroll with its workforce spread across its corporate office at Tinkune, Sharp showroom at Naxal and the two showrooms of Mahindra Two Wheelers at Teku Road and Naxal. Mahindra showrooms at Teku Road and Naxal are spread over 4,000 sq ft and 1,500 sq ft respectively. Gupta believes that everyone in the company is a decision maker in his or her own right. He elaborates, â€œWe have this culture of inculcating a sense of responsibility in everyone who is part of the company. I am confident that a sense of ownership among employees certainly helps the fortunes of a business enterprise in the long run.â€&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span style="font-size: 12px;"><strong>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; <br />
	</strong></span></p>
<p>
	<span style="font-size:12px;"><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Akhil Gupta:-Director</strong></span></p>
<p>
	<strong>Infrastructure</strong></p>
<p>
	With its modern sales and service infrastructure in place, SG Global promises to offer customers a world class buying and ownership experience. It has kick started operations with 14 dealers across Nepal and plans to expand its network by adding another 78 dealers across 72 towns of Nepal within a yearâ€™s span.&nbsp; Six out of these 78 dealers will be appointed at strategic locations within the valley including at Balaju, Kalanki, New Baneshwor, Bhaktapur and Boudha. â€œAll these dealers will have well equipped 3S (sales, service and spares) set ups at their respective locations,â€ Gupta asserts.</p>
<p>
	<span style="font-size:14px;"><strong>Sharp Electronics</strong></span></p>
<p>
	SG Global â€” the authorised distributor of Sharp Electronics in Nepal â€” has its Sharp Showroom in Naxal, Kathmandu with a view to offer original and high-tech electronic home appliances to Nepali customers. <img align="right" alt="sharp electonics" border="2" height="138" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/sharp.jpg" vspace="1" width="200" />Sharp, a renowned and popular Japanese brand has been ruling the roost not only in its home country but also across the world. The showroom showcases a wide range of Sharp products including Audio Visual products such as Box TV, LCD and LED TVs, DVD and Home Theatre. While its Home Appliances include Microwave Ovens, Vacuum Cleaners, Washing Machines, Air Purifiers and Refrigerators, it also has Small Appliances such as Rice Cookers, Jars and Pots.</p>
<p>
	<strong>Competition</strong></p>
<p>
	Since Mahindra Two Wheelers is a relatively new brand in Nepal, SG Global is looking to establish the brand first. It is in direct competition with Honda and Hero Honda, the other scooter marketers in Nepal. Gupta enthuses confidence though, â€œOur products are unique and we are certain that we can pull it off having a strong team which knows how to compete.â€</p>
<p>
	<strong>Future Plans</strong></p>
<p>
	SG Global is on its way to consolidate the existing business, says Gupta, â€œSharp and Mahindra Two Wheelers are both very strong brands so it makes our job a bit easier.â€ He, however, reiterates that the companyâ€™s current business model requires consolidation over the next couple of years. He also says that, meanwhile, he is open to other business opportunities that might come his way but more importantly, businesses that suit the market dynamics. The company has kept itself a reasonable target of selling 3,000 scooters within the remaining period of the current fiscal year. Given the scootersâ€™ popularity and customersâ€™ attraction towards the brand, itâ€™s already expecting to reach the figure of 5,000 scooters during the same period; it is selling 25 scooters on an average each day. â€œThe day we feel we have built a company which stands for the purpose of its establishment and implemented the system in our own unique way, we would consider our mission accomplished,â€ Gupta signs off on a positive note.</p>
<p>
	<strong>SWOT Analysis</strong></p>
<p>
	<strong>Strengths</strong>&nbsp; Strong Brands and Infrastructure&nbsp;</p>
<p>
	Flagship Service Centre covering 6,000 sq ft coming up at Naxal</p>
<p>
	<strong>Weaknesses&nbsp;</strong></p>
<p>
	Competitive Market (Pricing, Market Share) Opportunities</p>
<p>
	Growing Market for Scooters</p>
<p>
	Urbanisation Threats</p>
<p>
	Being a new entrant</p>
<p>
	Inexperience in Two Wheeler business</p>
<p>
	<strong>Mahindra Two Wheelers</strong></p>
<p>
	SG Global was appointed the authorised distributor of Mahindra Two Wheelers for Nepal in November this year. Its two showrooms at Teku Road and Naxal in Kathmandu sell three Mahindra Two Wheeler products â€“ Rodeo, Flyte and Duro. These scooters are priced at Rs 159,900, Rs 151,900 and Rs 145,900 respectively. The products will also be sold through the dealers appointed by the previous distributor of Mahindra Two Wheelers. The scooters have already been in the market for a year before there was a change of hands in distributorship. Mahindra Two Wheelersâ€™ Research and Development (R &amp; D) wing is ceaselessly working on motorcycles which are the largest segment of the two wheeler market in Nepal. It promises to soon expand its product line by offering motorcycles as well. &nbsp;</p>',
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			'created' => '2012-02-22',
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			'description' => 'SG Global
promises to
offer customers
a world class
buying and
ownership
experience.',
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	(int) 10 => array(
		'Article' => array(
			'id' => '518',
			'article_category_id' => '39',
			'title' => 'Qatar Airways: World 5-star Airline',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="font-size:12px;"><img align="right" alt="" border="1" height="121" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/ramdas.jpg" style="margin:10px;padding:10px;" vspace="5" width="150" />Having started its operations in Nepal with a single flight each day about a decadeand- a-half ago, Qatar Airways has come a long way indeed. Aptly awarded a 5-star rating by Skytrax (a UK-based consultancy that carries out international-traveller surveys and ranks airlines and airports), it has increased its frequency to four flights each day beginning 1 October this year. Qatar Airways flies out of Kathmandu every day at 9:45 am, 8:30 pm, 9:30 pm and 11:30 pm.</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">While the first two flights primarily carries migrant workers, the next two mostly have passengers who use the airline as a network carrier to reach their respective destinations in North America, South America, Africa and Europe, informs Ramdas Shivram, Country Manager for Nepal. Migrant workers boarding the 9:45 am and 8:30 pm flights go on to connect with GCC (Gulf Cooperation Council) countries and passengers on board 9:30 pm and 11:30 pm flights use the airline's hub Doha as a transit point to continue their onward journey to other continents. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">The next two flights comprise expatriates living in Nepal, tourists as well as Nepalis living abroad, adds Shivram saying that around 5,000 passengers used the airline's services each way within the first 10 days of operations since flight frequency increased 1 October onwards. With four Airbus A320 carriers flying out of Kathmandu and, correspondingly, four flights coming into the city each day, Qatar Airways in Nepal sees the potential of selling in the region of 420,000 seats per annum. Shivram, who joined the airline in 2005 and took over its Nepal operations in November 2010, says Qatar Airways has expanded in Nepal after sensing a large potential in the country. On a global level, it aims to be the biggest international carrier. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;"><strong>Advertising &amp; Promotions </strong><br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">An essential part of its marketing strategy, the airline seeks to reinforce brand position efforts and provide a platform to deliver credibility for its brand. It makes every possible effort to expand brand visibility and link Qatar Airways brand attributes and values with its customers to establish lasting and loyal relationships with them. While ATL (Above the line) advertising is taken care of by its global head office, the airline indulges in local advertising and promotions by sponsoring sporting events such as golf, organising road shows, holding promotional programmes directed at travel agents, supporting educational programmes on television and publishing advertisements and media releases in major daily newspapers. Shivram cites an example, To promote knowledge about the recent increase in flight frequency, we organised a road show where we approached top 50 travel agencies in Nepal. It was a very successful event.<br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;"><strong>Work Culture</strong></span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">Qatar Airways has 42 people working at its Kathmandu office, a sizeable number for a foreign airline. It has always tried to hire individuals who can work independently on their own. Shivram, who himself is equipped with a post graduate diploma in human resources, is well acquainted with critical issues such as organisational behaviour. He says that his expertise comes in handy while dealing with his colleagues at work. We try to hire the best talent available and send them to Doha for training. I personally believe in giving ample time and room for adaptation and mentor co-workers who show intent to shoulder greater responsibilities,he further states.</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;"><strong>Market Potential <br />
	</strong></span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">The airline is growing at 35 per cent per annum globally and flies to 107 destinations (Oslo, Norway launched on 5 October this year being the latest one) worldwide with an impressive fleet of 100 aircrafts. It plans to serve more than 120 key business and leisure destinations across Europe, Middle East, Africa, Asia Pacific, North America and South America with a fleet of over 120 aircrafts by 2013. From Nepal's perspective too, Qatar Airways aims to become the number one airline in terms of time, connectivity and delivering best service. And to achieve this objective, it offers attractive schemes pertaining to specific destinations during the off season. Shivram rubbishes criticism from certain quarters that Nepal does not have a great deal to offer civil aviation in terms of numbers. He says, The fact that as many as 27 international carriers are operating in Nepal is proof enough that this market holds tremendous potential. He further believes that better infrastructure, improved navigation system and enhanced security arrangements at the Tribhuvan International Airport along with making it operational for 24 hours a day can do wonders for Nepal's civil aviation prospects. <img align="left" alt="plane" border="1" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/ari.jpg" style="width: 344px; height: 145px; margin: 10px; padding: 10px;" vspace="5" /><br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;"><strong>Unprecedented Success <br />
	</strong></span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">The airline takes incredible pride in being a national carrier representing the State of Qatar. Voted Airline of the Year 2011 in the prestigious Skytrax industry audit, Qatar Airways has won the confidence of the travelling public. Since its re-launch in 1997, it has reached the pinnacle of the airline industry for outstanding in-flight service, superior onboard products, and operational excellence among others. Shivram attributes the record success to the airline's clear objectives, ambitions and a focused CEO in Akbar Al Baker. Since becoming the CEO of Qatar Airways in 1997, Al Baker has been instrumental in shaping Qatar Airways into one of the fastest growing and most highly acclaimed airlines in the world. Over the last decade, he spearheaded the airline's growth, which operated only four aircrafts in a regional capacity prior to his appointment. Our decision of continuing to expand even during the difficult period of global recession a few years ago has fetched us handsome dividends, asserts Shivram. Despite being a foreign entity in Nepal, the airline has tasted success because it realised the need to get into the roots of the local culture and acted on it. Shivram says, Practicing the corporate philosophy of Qatar Airways along with correct product positioning and successfully establishing the right business environment has got us this far. Being responsible to internal as well as external customers is absolutely vital for any company's success, he concludes.<br />
	<br />
	<br />
	</span></p>',
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			'id' => '458',
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			'title' => 'Kumari Bank: Innovations Galore - September 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<div style="text-align: justify;">
		<span style="font-size:12px;">By <strong>Pinaki Roy<br />
		<br />
		</strong></span></div>
</div>
<div style="text-align: justify;">
	<span style="font-size:12px;">Ever since it came into existence over a decade ago, Kumari Bank Limited (KBL) has been at the forefront of innovations such as SMS Banking, Auto Sweep and Internet Banking. Providing competitive and modern banking services with high degrees of quality and customer satisfaction, KBL takes pride in its cutting-edge product line and new and better ways to enhance banking experience for its patrons at large.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">Therefore, it comes as no surprise that KBL has chosen to continue with its tradition of creating innovations and serve unfulfilled needs of all classes of customers located in various parts of the country. It has always focused at prioritising the priorities of its valued customers by offering modern and competitive banking products and services at their door steps. In recent times, the bank won the coveted Billionth Award South Asia for Kumari Mobile Cash in New Delhi, India, on 23 July 2011. It also launched Kumari Secure Mind Home Loan in August this year in association with Shikhar Insurance Company which promises to minimise risks on home loans.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<h3>
	<span style="font-size:12px;">mBILLIONth Award South Asia 2011</span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;">KBL bagged the mBILLIONth Award South Asia for Kumari Mobile Cash during the mBillionth South Asia International Summit 2011 held in New Delhi, India, on 23 July this year. The award was won in the m-business &amp; commerce/banking category on a platform that recognised some of the key innovative applications and services and honoured excellence in the arena of mobile communications across South Asia. They were basically looking for new innovations which have impacted the overall economy, especially at the bottom-of-the-pyramid. And, Kumari Mobile Cash was our best bet, Radhesh Pant, the CEO of KBL reminisces. He informs that the bank did spend considerable time on its questionnaire as part of the preparation for the event.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">From a total of over 200 applications from Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka, 21 were selected as winners spread across 11 core categories, with Kumari Bank, the sole winner representing Nepal. Pant delightfully states that the summit was a fitting platform not just for the bank to showcase its innovation but also for Nepal to show the world that it indeed has the capability to be recognised as a breeding ground for innovative minds. Winning a prestigious award like this has given the bank a boost and has helped people know more about the product besides, of course, bringing immense happiness to the KBL team. We are very happy because we believed in this product. The basic reality is that when our work is recognised, it gives us confidence and impetus to move forward,Pant announces cheerfully. The bank has calculated that if it could only tap 10 per cent of the total 10 million mobile users in Nepal, it will open an overwhelming opportunity with a million strong subscribers at its disposal.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<h3>
	<span style="font-size:12px;">Kumari Mobile Cash</span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;">This revolutionary service that uses mobile phones to provide access to financial services was launched by KBL on 17 August 2010 in partnership with Leapfrog Technology Inc, a Boston-based US firm with a development centre in Nepal. The first of its kind, Kumari Mobile Cash pioneered the mobile wallet concept in Nepal which allows users to store cash balances in their mobile phones.&nbsp;Users are then able to deposit and withdraw cash from their mobile phones and use the stored cash value for various purposes such as remittance, bill payments, and airtime recharge with the push of a few buttons.&nbsp;Currently, the customers can avail this service from Kumari Bank's branches or from its authorised agents present across the country.&nbsp;</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">Due to varied landscape and lack of physical infrastructure in Nepal, telecom is the best way to reach people in the hills and the mountains, says Pant. He adds, In a country like Nepal, access is very poor but at the same time, mobile usage is increasing at about 40 per cent each year. Quite obviously, we wanted to be the first one to launch mobile wallet to focus on the 70 per cent of the households not having any access to formal banking system.With 14,000 users and close to 200 transactions each day, Rs 5 crore worth of transaction has been realised since its launch of the plan around a year ago. I personally believe the future of banking will be technology-led and specifically, mobile-led, Pant declares brimming with confidence.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">KBL has a contractual agreement with two of the largest telecom providers in the country namely Nepal Telecom and Ncell (these two operators collectively enjoy 95 per cent market share in the country). Close to 50 per cent of registered Kumari Mobile Cash members are non-bank customers. In a very short time span, the product has helped break traditional barriers in providing access to finance for the poor.&nbsp;With 70 per cent of the Nepali households yet to be tapped into formal banking, the bank believes that improving access to sustainable financial resources is real and achievable.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<h3>
	<span style="font-size:12px;">Kumari Secure Mind Home Loan</span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;">Most Nepalis dream to have their own house, which comes for hefty prices and that explains why home loans from banks and financial Institutions (BFIs) are so popular.&nbsp;However, the concept of disaster preparedness simply does not exist in the country where people don't do things until they are cornered in a crisis. Most people investing to buy houses are yet to realise the importance of insuring their houses. With this in the backdrop, a memorandum of understanding (MOU) was signed between KBL and Shikhar Insurance Company Ltd for Kumari Secure Mind Home Loan on 1 August 2011.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">The agreement signed by Radhesh Pant, CEO of KBL and Dip Prakash Panday, CEO of Shikhar Insurance Company promises to work as a milestone for the entire financial services sector in days to come. We want to secure the home loans that people borrow. This scheme will ensure that the family does not suffer in the event of an untoward incident affecting the primary borrower, reasons Pant. The product is a long term credit to consumers for the construction of house for both individuals and developers.&nbsp;It covers purchase of ready house or apartment, renovation or extension of house or apartment, and refinancing of immovable private property that are already financed by BFIs and secured by a registered mortgage.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">At times, the borrowers face various challenges in being able to pay back the loan. If the payment is made, the banks do not have any risk. Kumari Secure Mind Home Loan was launched to minimise the risks to both banks and clients in the event of non-repayment of loans by borrowers due to circumstances beyond their control such as critical illness, accidental death or permanent total disability and temporary loss of employment. All the existing customers of Kumari's Home Loan are eligible for the product and can avail this service from the retail unit of the bank. Basically, a partner product from Shikhar Insurance, the scheme is available only for Kumari's Home Loan subscribers.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">Being the first one to launch such a product, the bank is confident of doing well but realises that its success will take due time. The bank knows that advocacy is the most important aspect of the scheme and has educated and trained its staff accordingly throughout the country. The idea is to have employees operating customer service and teller counters to disseminate the message to patrons visiting KBL branches. It also expects that a certain amount of exposure can be ensured through the media as well. Pant signs off on an optimistic note saying, â€œI know that people are not forthcoming about insuring their houses but this can change. We, at Kumari are very positive that the product will provide food for thought to investors deciding to secure their home loans.</span></div>',
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			'description' => 'Ever since it came into existence over a decade ago, Kumari Bank Limited (KBL) has been at the forefront of innovations such as SMS Banking, Auto Sweep and Internet Banking.',
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	(int) 12 => array(
		'Article' => array(
			'id' => '435',
			'article_category_id' => '39',
			'title' => 'R K Associates: Aiming High - August 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="text-indent: 0in;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><img align="left" alt="corporate focus" border="1" height="202" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/cor.jpg" style="margin: 10px; padding: 10px;" vspace="10" width="350" />The business journey of R K Associates dates back to 1978 when Dr Rajesh Kazi Shrestha, an energetic, young and pro-active entrepreneur established Rajesh Concern with the objective of focusing on hospitality and trading business. It imported various kinds of goods from around the world and helped promote Nepal to strengthen its trade relations with many countries.<br />
	<br />
	Today, R K Associates has diversified manifold and has stakes in every business segment. With its over three decades of experience in trading and services sectors, it manages various assignments and projects in automobiles, banking, insurance, information technology, flooring, medical equipment and supplies, fast moving consumer goods and many more. The group is behind the presence of many leading household, home decor and high-end products in the market. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The group is now among the most trusted names in Nepal and has forged, nurtured and maintained global alliances over the last 33 years. Its founder Dr Shrestha was honoured by International Journal of Non-Aligned Countries and Foreign Policy Research Institute (FPRI), New Delhi, with an honorary PhD in February 2010. He says, I attribute our growth to the deep understanding of local markets, people and customs </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">It currently has a turnover of USD 20 million. It&nbsp;has contributed to the national economy and promoted infrastructural and entrepreneurial capability of Nepal. It is closely associated with prestigious domestic and international federations and associations. A former Assistant Minister of Industry, Commerce and Supplies, Dr Shrestha holds several prestigious positions. He is Chairman of Nepal-China Chamber of Commerce &amp; Industry and International Chamber of Commerce, Nepal. He is also a Past President of Nepal Chamber of Commerce. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Group Mission</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The group looks at integrating dealers, distributors, retailers, suppliers and joint venture partners into the R K Associates family. It is currently focusing on branding of its products and consolidating them in the market. It is looking forward to NADA (Nepal Automobiles Dealers Association) Expo in September 2011 for showcasing different vehicles from its stable. Dr Shrestha says, Through our hard work, we want to reach as high as possible and prove our worth in the market. The group also plans to help orphanages and sponsor underprivileged students as part of its CSR (corporate social responsibility) activities. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Human Resource</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">R K Associates aims to recruit, develop, motivate and retain the best talents within the country and provide them a challenging and demanding environment. It fosters a strong emotive feeling of oneness and ownership among the employees within the company. The group aspires to transform into a model corporate institution and make its employees proud to be part of the group. It provides employment to close to 250 people out of which 38 people work for Constant Business Group alone.</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Management Style</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Dr Shrestha believes in giving employees the liberty and opportunity to prove themselves. He says, Instead of me telling them what to do, they should come and update me on the latest information. He says he is most happy working as the link and let his employees do all the work. He goes to great lengths to ensure that the employees feel at home and treat the group as their own. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">He strongly feels that political stability and government's economic policies are key to nation's prospects. We are going through the most difficult phase now. If the government policies are good, I am sure businesses will prosper and generate employment for hundreds of thousands of youth who are leaving the country due to lack of opportunities. Dr Shrestha believes that the government would do better if it consults the private sector before taking decisions or implementing them, in the larger interest of the nation. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div>
	<span style="font-size: 14px;"><span style="line-height: 115%;">He says it is the government's duty to reduce taxes on automobiles so that the industry is saved from a certain collapse. He also recommends that the government should focus on phasing out the vehicles that are over 20 years old. The government's policies have had an adverse impact on the industry as it has experienced a huge market slump. This has obviously resulted in reduced revenue for the government, he says. </span></span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; vertical-align: middle;">
	<span style="font-size: 14px;">SWOT Analysis</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Strengths</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp; Teamwork among partners</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Hard-working staff</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Honesty</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp; Trust</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Weaknesses</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">Inability to penetrate the market</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">Lack of aggression</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Opportunities</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">Possibility of a favourable government policy</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Threats</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">Over import by all vehicle distributors</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="line-height: 115%; color: black;">More supply than demand</span></span></li>
</ul>
<div>
	<span style="font-size: 14px;"><br />
	</span></div>
<div>
	<span style="font-size: 14px;"><br />
	</span></div>
<div>
	<span style="font-size: 14px;"><i>Sister Concerns</i></span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Constant Business Group Pvt Ltd</span></span></div>
<div>
	<span style="font-size: 14px;">Established in January 2007, this company distributes vehicles from China (Zotye, Lifan, Jonway, Grand Tiger and Lobo), Malaysia (Proton) and South Korea (Ssangyong). R K Associates was awarded the best distributor for Zotye in 2009. The company has sold over 300 units of Zotye so far out of which 75 units were sold in the last one year. Among other vehicle products, 50 units of Ssangyong have been sold, so far. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Nepal International Business Pvt Ltd</span></span></div>
<div>
	<span style="font-size: 14px;">A trading house established 17 years ago, it imports tower crane, film faced plywood, commercial plywood and hotel supplies. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Status Trading Pvt Ltd</span></span></div>
<div>
	<span style="font-size: 14px;">This trading house that started 3 years ago imports furnishing, flooring carpets, laminated flooring and PVC. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Alliance Insurance Company Ltd</span></span></div>
<div>
	<span style="font-size: 14px;">R K Associates is affiliated with this insurance company as a promoter which has Dr Shrestha on its Board of Directors. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Rajesh Concern</span></span></div>
<div>
	<span style="font-size: 14px;">It's the first entrepreneurial venture of R K Associates and imports food items, readymade garments, carpets, PVC etc. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Soaltee Hotel Limited</span></span></div>
<div>
	<span style="font-size: 14px;">Dr Shrestha features in the Board of Directors of Soaltee Hotel Limited.</span></div>',
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			'created' => '2011-09-24',
			'modified' => '2012-10-04',
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			'description' => 'The business journey of R K Associates dates back to 1978 when Dr Rajesh Kazi Shrestha, an energetic, young and pro-active entrepreneur established Rajesh.......',
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	(int) 13 => array(
		'Article' => array(
			'id' => '434',
			'article_category_id' => '39',
			'title' => 'Explore Asia Pacific: Satisfying Customers - August 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="margin-bottom: 0.0001pt; text-align: justify; line-height: 120%; vertical-align: middle;">
	<span style="font-size: 14px;"><b><span style="line-height: 120%;"><br />
	Neeraj Sharma</span></b></span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; line-height: 120%; vertical-align: middle;">
	<span style="font-size: 14px;"><span style="line-height: 120%;">Managing Director</span></span></div>
<div>
	<span style="font-size: 14px;"><span style="line-height: 115%;">Explore Asia Pacific Pvt Ltd</span></span></div>
<div style="text-align: justify; text-indent: 0in;">
	<span style="font-size: 14px;">Our ultimate objective is to become the number one in Solar and ICET distribution in Nepal.<br />
	<br />
	</span></div>
<div>
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; vertical-align: middle;">
	<span style="font-size: 14px;">Starting off as a distributor in 2009, Explore Asia Pacific Pvt Ltd has come a long way over the last two years. With its registered office in Narayanghat, it started with a small product basket. In mid-2010, it also ventured into the business of solar panels and desktop components from Simmtronics. Currently headquartered in Kathmandu, the company registered an annual turnover of Rs 120 million in 2010. Having gradually enhanced its product basket, it aims at a 300 percent growth in 2011. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Explore Asia Pacific is known for its ethical business practices and value-added approach which is solution-centric and vertically focused. Neeraj Sharma, Managing Director of the company, says, Our ultimate objective is to become the number one in Solar and ICET distribution in Nepal. It seems set to meet this objective as it already has a strong presence in the up-country regions and possesses management skills with proven controls and processes.</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The company claims it is fortunate to have dedicated partners as part of its organised distribution system. Sharma says, Along with the modern marketing and branding concepts, our knowledge and hold in the Nepali market has held us in good stead. It plans to invest in infrastructure and technology in the long term and aspires to establish sound performance in a short period of time, though of course, with a long term commitment. </span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Company Mission</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Explore Asia Pacific aims to have leading market shares for all products it deals with. It also envisions to have satisfied and loyal customers through value-added before and after sales services. Creating high recall brands is high on its agenda as it helps customers association by being reliable and trustworthy. Sharma says, We want to be the first choice as a distribution partner for both the vendor and the reseller by adding value to the supply chain through efficient logistics, high level of product knowledge, value-added marketing services and demand creation activities. The company is working hard to ensure wide and deep presence through an effective distribution system. It also wants to be able to create a profitable business proposition for all stake holders. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Brands and Products</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The company is proud to be associated with reputed and well known brands such as ADATA, Simmtronics, Genius, Panda, Jetway and Samsung among others. It deals in well-received products like classic pen drives, pen drives superior, Simtronics desktop, external HDD, memory card, monitors, graphics card, motherboard, RAM etc. Explore Asia Pacific also plans to launch its own brand and manufacture cabinets, PSUs, keyboards, speakers and headphones etc. The tremendous market potential has propelled us to think along these lines. Once the liquidity problem gets settled, the market situation will definitely receive a boost, Sharma reasons. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Human Resource</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The company boasts of having a strong human capital and talent pool. It has among the best talents in the industry with professionals from different sectors and proven experience levels. We perform best practices in place like in-depth induction programmes, in-house training, performance management systems and employee satisfaction surveys, informs Sharma. The strong sense of bonding that exists in the company has ensured a very low attrition rate. The company currently has a workforce of 18 employees at its corporate office and plans to increase it to 35 from the new fiscal year once it unveils its expansion plans. Sharma believes in dealing with his staff in an honest manner which has paid rich dividends as he has got positive results from them. He thinks that Ajay Sadewra joining Explore Asia Pacific as Director-Operation in March 2011 was a major turning point for the company's fortunes. Sadewra was earlier associated with Neoteric Nepal. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Immediate Plans</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Expanding with Explore Digital, an independent and retail chain, the company plans to open 10 retail outlets in the country. There will be four outlets at prime locations in Kathmandu alone. We will geographically divide channels for our 18 distributors beginning Shrawan, informs Sharma. The company plans to advertise its upcoming retail outlets in major national dailies as well as the distribution channels. Having established its credibility with the consumer segment, Explore Asia Pacific now wants to focus on the enterprise sector and spread its wings to cater to government organisations, NGOs and INGOs and Banking and Financial Institutions among others. The company that has already made its foray into the energy sector with solar equipment also plans to provide complete solutions from this fiscal year. It is slated to start production of solar items such as the lighting system which the company says holds a big potential in the market. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size: 14px;"><span style="line-height: 115%;">Sharma attributes Explore Asia Pacific's success to a number of factors including trust, profitability concern of the channel partners, adequate service mechanism and honesty. He adds, We have come this far because of our hard work, vision and market understanding. Among its competitors, Neoteric Nepal is doing well, he says. The company was awarded for good performance by ADATA during Computex held in Taipei earlier this year in June. It seeks to reach new heights demonstrating its value added services (VAS) through its envied network and ensuring price transparency, uniformity and dedicated service among others. </span></span></div>
<div>
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; vertical-align: middle;">
	<span style="font-size: 14px;">SWOT Analysis</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Strengths </span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Experienced Team</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Channel Strength</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Brand Image</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Product Range</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Technical Team</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Countrywide Presence</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Weaknesses</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Inability to incorporate MNCs</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Inadequate Product Basket</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Being a fairly new company</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Opportunities</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Unorganised ICT market</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Unprofessional Distribution Channels</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Marketing growth in various pockets</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Government embracing e-governance</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Financial sector growth</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Threats</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Unstable political scenario</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Unstable government</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="line-height: 115%; color: black;">&nbsp;&nbsp; Unethical price cutting<br />
		<br />
		</span></span></li>
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			'description' => 'Starting off as a distributor in 2009, Explore Asia Pacific Pvt Ltd has come a long way over the last two years. With its registered office in Narayanghat, it started with a small product...',
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			'title' => 'Etihad Airways: Fly With The Best - July 2011',
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			'content' => '<div style="margin-bottom: 0.0001pt; text-align: justify; vertical-align: middle;">
	<span style="font-size: 11.5pt;">E</span><span style="font-size: 9.5pt;">tihad Airways is the National Airline of the United Arab Emirates (UAE). It has established itself as the world's leading airline in less than eight years. The airline was set up by a Royal (Amiri) Decree in July 2003 with UAE's capital Abu Dhabi as its hub. It commenced commercial operations in November 2003 and has gone on to become the fastest growing airline in the history of commercial aviation. The airline's near-term focus is on breaking-even in 2011 and moving into sustainable profitability in the following year. Etihad began daily flights to Kathmandu, Nepal on 28 October 2007 and maintains its corporate office at Yak &amp; Yeti Office Complex in Durbarmarg. We are happy with our success here in a short span of time and hope to increase our flight frequency sometime later this year, says John Rees Evans, Etihad's Country Manager for Nepal. He adds, Nepal is primarily a labour oriented market but there is tremendous potential in the business and leisure traveller segments as well.</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; line-height: 11pt; vertical-align: middle;">
	<br />
	 </div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">It has partnered with Gokarna Forest Resort (golf) and Dwarika's Hotel (ancient cultural heritage) locally to entice travellers from the Middle East to&nbsp;spend quality time in Nepal. Etihad carries out its sales functions through affiliated travel agencies in Nepal and encourages them by acknowledging their contributions as well as providing them incentives. It also indulges in indirect marketing with popular brands such as Coca-Cola and Suzuki for brand enhancement. The popularity of Indian television channels certainly helps with its spill over advertising effect in Nepal Etihad's TV promotional has brand ambassador Katrina Kaif appearing in a dance sequence at the first class lounge. A number of airlines from the Middle East enjoy a strong presence in the Nepali market. Our competitors have been operating in the market for a longer period than us but we have our own niche market to cater to, Evans exudes confidence about holding his own with the competition.</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<br />
	 </div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Evans believes in treating people the way he wants to be treated himself. He has been in Nepal for nine months now and calls it a pleasant experience. The employees here in Kathmandu that works with me are surprisingly good and very enterprising people, He said. He lets people perform their best and believes in leading by example. He asserts that Etihad being a relatively new entity has its own advantages. We don't have the baggage like some other international airlines and enjoy reasonable freedom, he tells. Looking at growing the market, Evans is buoyant about the current legislation of own <span style="letter-spacing: 0.05pt;">handling at Tribhuvan International Airport (TIA). He is particularly positive about Nepal's only international airport beginning 24 hours operation anytime soon.<br />
	<br />
	<br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size: 9.5pt; line-height: 115%;">Etihad Nepal is working towards implementing fast track operations through its counters at TIA. As part of its endeavour, it has already established a separate counter for business travellers while checking-in at TIA. It also boasts of a shared executive lounge for business travellers operated by Hotel Radisson. We have plans to have chefs on board flights to cater to personal taste of our travellers, Evans states. The airline also provides attractive packages for Kathmandu flights by announcing news tariffs which are aimed at improving passenger satisfaction levels and contributing towards Nepal's tourism sector.</span></div>
<div style="margin-top: 0.15in; text-align: justify;">
	Etihad Airways-Nepal factsheet</div>
<div style="margin: 5.55pt 0in 0.0001pt 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">Flight Details:&nbsp;&nbsp;&nbsp;&nbsp; Kathmandu (KTM) Abu Dhabi (AUH)</span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 days a week</span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mon, Wed, Sat&nbsp; 5:30 pm and </span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sun, Tue, Thu, Fri&nbsp; 9:15 pm</span></div>
<div style="margin: 5.55pt 0in 0.0001pt 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">Aircraft Model: &nbsp;Airbus A330-200 / A320 </span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (as per availability)</span></div>
<div style="margin: 5.55pt 0in 0.0001pt 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">Employees:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 employees at the Corporate Office</span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 Ground Staff at TIA</span></div>
<div style="text-align: justify;">
	<br />
	 </div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-indent: -11pt; vertical-align: middle; text-align: justify;">
	<span style="font-size: 11.5pt;">SWOT Analysis</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Strengths:</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Motivated employees </span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Strong product and service</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Can Do approach</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Good connectivity through the busy Abu Dhabi hub</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Weaknesses:</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Comparatively a new entrant</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Opportunities:</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Building density into the network</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Optimising the fleet and its utilisation</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Reaching profitability</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Planning for growth</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Continuing to innovate</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Threats:</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Frequent strikes</span></div>
<div style="text-align: justify;">
	<span style="font-size: 9.5pt; line-height: 115%; color: black;">&nbsp;&nbsp; Security issues<br />
	<br />
	<br />
	</span></div>',
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<p class="MsoNormal">
	<span style="font-size:14px;"><span class="A1"><span style="line-height: 115%; font-family: ">Corporate Focus</span></span></span></p>
<p>
	“We consider three things in the present scenario — People to People, Business to Business and Government to Government<br />
	relationship.”<br />
	<br />
	<br />
	<img alt="chanto" border="1" height="246" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/strinlta.jpg" vspace="10" width="186" /><br />
	CHANTOUCH SRINILTA<br />
	GENERAL MANAGER NEPAL &amp; BHUTAN<br />
	Thai Airways International Public Co Ltd</p>
<p class="MsoNormal">
	 </p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: black;">45 Years of Flight Over Himalayas<br />
	<br />
	<img alt="corporatefocus" border="1" height="303" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporatefocus(2).jpg" vspace="10" width="450" /><br />
	</span></span></p>
<p class="Pa26">
	<span style="font-size:14px;"><span style="color: black;">“We consider three things in the present scenario — People to People, Business to Business and Government to Government relationship.” </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp; <br />
	</span></p>
<p class="Pa0">
	<span style="font-size:14px;"><span class="A0">CHANTOUCH SRINILTA GENERAL MANAGER NEPAL &amp; BHUTAN <br />
	<br />
	<br />
	</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span class="A0"><span style="line-height: 115%; font-family: ">Thai Airways International Public Co Ltd</span></span></span></p>
<p class="Pa7" style="text-align:justify">
	<span style="font-size:14px;"><span class="A4">T</span><span style="color: black;">hai Airways International Public Company Limited, the national flag carrier of the Kingdom of Thailand, has achieved an unprecedented height in Nepal. A glorious history of complete 45 years of operation itself speaks volumes. </span></span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">It was in 1968 that Thai’s 72-seater French-built Caravelle SE210 aircraft landed at the Tribhuvan International Airport (TIA). According to Thai Airway’s General Manager for Nepal and Bhutan, Chantouch Srinilta, the long journey of Thai Airways is full of ups and downs. “Many international airlines have come and gone after Nepal Government adopted a liberal sky policy, but Thai has survived, tackling all the challenges, and tackling them pretty well,” says Srinilta.</span> <br />
	</span></p>
<p class="Pa8" style="text-align:justify">
	<span style="font-size:14px;"><span style="color: black;">The Airways was founded in 1960 as a joint venture of Thailand’s domestic carrier, Thai Airways Company (TAC), and the Scandinavian Airlines System (SAS). In 1960, flights were inaugurated from Bangkok to nine overseas Asian destinations. The airline launched its intercontinental services in 1971, first to Australia, followed by flights to Europe in 1972, and to North America in 1980. <br />
	<br />
	<img alt="corpratefocus" border="1" height="338" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporatefocus88.jpg" vspace="10" width="500" /><br />
	</span></span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">Thai Airways operates domestic, regional and intercontinental flights from its home base in Bangkok to the key destinations around the world and within Thailand. Thai airways has had a market in Nepal, for over four decades and the Nepali market has allowed them be more mature. For Thai, every moment is a turning point, as the global airlines have been pacing up rapidly. Thai takes pride in the fact that they have unlocked Nepal as a new tourism destination for the world shares the GM. They were the first airline to operate jet service from Kathmandu. It was indeed a memorable moment to cherish in Nepal’s aviation history. In addition, Thai also introduced the first computerized reservation system in Kathmandu in February 1985 and provided this service to its leading travel agents since 1990. The Royal Orchid Lounge at the TIA used to be the only lounge operated by Thai in the 1990s.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">“We consider three things in the present scenario — People to People, Business to Business and Government to Government relationship,” Srinilta says. Maintaining a long-term relation between Nepal and Thai Airways is a top priority for the latter. In the people to people scenario, Thai people have a religious connection to Nepali people as 95 per cent of the Thai population is Buddhist and Nepal is the birth place of Lord Buddha.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">In term of Business to Business, Nepali airlines are also landing in Thailand. Here, in Nepal we have been landing since long time back and we have also kept in mind that times are changing, shares the GM. “There is huge potential for the national flag carrier of Nepal if they regain their reputation from glory days” says GM. “Government plays a role in elevating the standard by not only to directing, but also educating the airlines about how the rest of the world is working at their best. So, if we work together we can grow much,” Srinalta says.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">For a sound relation between both the nations, Thai Airways wants to create a good linkage between Nepal and Thailand. Nepal being a land blessed with mountains that are more than 8,000 meters tall airlines are reliable means to bring in more tourists and Thai Airways is doing its best to increase the figure. Thai Airways further believes that the tourists they bring here in Nepal choose tourism activities over just strolling around Thamel.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">In terms of Corporate Social Responsibility (CSR), Thai organizes blood donation programme on every 31st July. Battling with the challenges lying ahead, Thai also strives to keep the goodwill image of the company intact. It might seem that the cost allocation of air ticket and packages are high, but the quality that they have not compromised justifies the cost. Thai Airways has kept in mind that a good air business also leads to healthy revenue. Thai believes that offering proceeds for CSR will strengthen the Company’s financial status and support its business expansion projects. It also believes that products and service improvement will elevate THAI to a consistent rank of top three airlines in Asia and top five in the world.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">Recently, Thai Airways announced special offers including promotional fare marking its 44th year of successful operation in Nepal. In the auspicious occasion the airlines announced free excess baggage for students, and businessmen traveling to Australia and China and free hotel service in Bangkok for destinations like Hong Kong. Similarly, the airlines announced free excess baggage up to 10kg for Nepali students traveling to Australia. Also, targeting Nepali travelers Thai airways unveiled special SOTO (tickets sold outside the country of departure) fare for Japan and special labor fares to Kuala Lumpur. The company also encourages its human resources to acquire new skills and attain international standards of professionalism. Thai Airways contributes to the advancement of all types of technology related to the world’s commercial aviation industry.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">Thailand Tourism Authority and Royal Thai Embassy say that the number of Nepali travelers going to Thailand had increased significantly in recent years. Around 31,000 Nepalis visited Thailand in 2011, out of which 25.5 percent travelled for holiday and 41 percent for seminar. Thai also handed over a memorial park situated in Kakani to the local community and is providing fund regularly for its maintenance and development.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">At present if offers flights to more than 70 destinations in 34 countries with a fleet of 99 aircrafts. According to the GM, The Thai airways have same investment every year and they are seriously concerned about the return. They also have good marketing strategies and are looking forward to sustain in this market in coming years. They are willing to invite more people to come and visit Nepal and enjoy time here. For this Thai is expecting Tourism authorities of Nepal to offer more packages. “If Nepal Tourism Board also is ready to cooperate we can contribute further to tourism”, Srinilta believes. Thai also has three latest model of Airbus and they are starting business on different parts of world.</span><br />
	<br />
	<img alt="corporatefocus" border="1" height="340" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/thai.jpg" vspace="10" width="500" /><br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">“As a mature airways, we are striving our best not to compromise in our fleet size and service standards,” shares Srinilta. So, to catch up in the burgeoning market demand in Nepal, they have a strategy of adjusting the number of flights as per market demand. In the beginning, Thai operated a once a week flight between Bangkok and Kathmandu and soon after that, one more flight was added to cope with the high demand of passengers. Thai started daily flights with A300-600 aircraft since the end of October 1997. In the context of growing demand of air seats to/from Nepal, they added three more flights in 2008. Based on the request of different tourism related associations like NATTA, PATA, HAN and NTB, they began to run 10 flights per week. Now Thai has seven flights a week with a configuration of 30 business class and 279 economy class seats.</span> <br />
	</span></p>
<p class="Pa8" style="text-align:justify">
	<span style="font-size:14px;"><span style="color: black;">Thai Airways has also played a good role in providing service to the outbound Nepali Tourist. In Srinilta’s words, the airlines is assisting Nepal in worldwide promotion as a major tourist destination through various media like in-flight magazine “Sawadee” and Royal Orchid Holiday Packages tours. Thai have joined hands with the Tourism Authority of Thailand by frequently organizing different events like Trade Fairs, Educational/ Medical fairs, familiarization trips for agents and media, Thai Food festivals, Thai Puppet shows etc. <br />
	</span></span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">They have also offered attractive packages and special fares for students and leisure travelers. It was in the “Visit Nepal Year 1998” and during the “Nepal Tourism Year 2011”. Thai spread good word all over to promote Nepal They have joined hands with the organizers of Asian Mountain Bike championship in 2008 by offering special fares to the participants all around the world. They have own handling service in Nepal with own operational, ground handling and administrative staff directly under the Thai set up of course.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">Srinilta further adds Thai can do a lot if the Nepal Tourism Board and other government bodies of Nepal also provide lucrative packages to further boost the Tourism of both countries. Though Thai Airways doesn’t fully keep the Labour Traffic as a first priority, it is also a part of the business. Since the very beginning, they have had different segments of traffic like the royalties, frequent flyers, government officials, diplomats, expats, students and the tourists.</span><br />
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	<span style="font-size:14px;"><span style="line-height: 115%; color: black;">However, the persisting bandhs, political instability, lackluster government policies create hurdles for a smooth run. So, there is a long way to go for Thai Airways in Nepal and for that the hurdles in the paths should be cleared.</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: black;">&nbsp;</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><b style="mso-bidi-font-weight:normal"><span style="line-height: 115%; color: black;">Swot Analysis</span></b></span></p>
<p class="Pa31" style="margin-top:11.0pt;margin-right:0in;margin-bottom:0in;
margin-left:9.0pt;margin-bottom:.0001pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span class="A16">STRENGTHS </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Thai brings quality tourist. </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Thai have strong position in global market. </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Aware about the nation and society in environmental conservation. </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Run the business on the basis of fair competition. </span></span></p>
<p class="Pa31" style="margin-top:11.0pt;margin-right:0in;margin-bottom:0in;
margin-left:9.0pt;margin-bottom:.0001pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span class="A16">WEAKNESS </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- More work is yet to be done to seek for the reasons why people don’t fly in Thai Airways. </span></span></p>
<p class="Pa31" style="margin-top:11.0pt;margin-right:0in;margin-bottom:0in;
margin-left:9.0pt;margin-bottom:.0001pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span class="A16">OPPORTUNITIES </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- More exploration in Nepali market. </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Nepal is a lucrative tourism destination. </span></span></p>
<p class="Pa31" style="margin-top:11.0pt;margin-right:0in;margin-bottom:0in;
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	<span style="font-size:14px;"><span class="A16">THREATS </span></span></p>
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	<span style="font-size:14px;"><span style="color: black;">- Never-ending Bandh. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: black;">- Airlines market hasn’t flourish on a high rate.</span></span></p>
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<p class="Pa1">
	<span style="font-size:16px;"><span style="font-family: ">PFCL: Spreading Wings</span></span></p>
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	<span style="font-size:16px;"><span style="font-family: ">&nbsp;</span></span></p>
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<![endif]-->	<span style="font-size:14px;"><span style="font-family: ">“The products we offer and our size have made us different from others. Our interest rates are almost equal to that of the commercial banks.” </span></span></p>
<p>
	 </p>
<p class="Default">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp;<img alt="ashok" border="1" height="268" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/ashok.jpg" vspace="10" width="200" /></span></span></p>
<p class="Pa1">
	<span style="font-size:14px;"><span class="A4"><span style="font-family: ">ASHOK SHERCHAN CEO </span></span></span></p>
<p class="Pa1">
	<span style="font-size:14px;"><span class="A4"><span style="font-family: ">Prabhu Finance Company Limited</span></span></span></p>
<p class="Pa9">
	<span style="font-size:14px;"><span style="font-family: "><br />
	</span><span class="A15"><span style="font-family: ">T</span></span><span color:="" style="font-family: ">he proverb ‘A rolling stone gathers no moss’ matches the credentials of Prabhu Finance Company Limited (PFCL). Within six years of operation, the company has succeeded in holding five per cent market share among 90 finance companies operating in the market. Ashok Sherchan, CEO at PFCL, says, “Our services are the same if compared to other banks and finance companies. The products we offer and our size, however, have made us different from them. Our rate of interest is almost equal to that of the commercial banks for deposits as well as lending.” </span></span></p>
<p>
	<span style="font-size:14px;"><span color:="" style="font-family: ">Established in February 2006, the company – a part of Prabhu Group of Companies – has been categorized as ‘C’ class financial institution by Nepal Rastra Bank. PFCL constitutes around 10 per cent share in total remittance excluding the contribution made by its money transfer agency Prabhu Money Transfer. Seventy per cent share of the company is owned by the promoters while 30 per cent shares are held by public shareholders. The company has approximately Rs 7.5 billion in deposit while having a lending portfolioer of around Rs four billion. According to Sherchan, with a strong presence in lending, the company can now invest millions of rupees even on individuals. </span></span><span style="font-size:14px;"> </span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">&nbsp;<img alt="" border="1" height="297" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporatefocus.jpg" vspace="10" width="500" /><br />
	<br />
	<br />
	PFCL targets to work for various groups of people, from business people to individuals at the grass root level. It has special plans to bring underprivileged people into the banking sector that are unable to or hesitate to seek service from commercial banks. The bank is also directly linked to the customers via its remittance business. Sherchan says, “We try to provide loan to everyone and deal with every case equally and positively to make our customers feel at home.” </span></span></p>
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	<span style="font-size:14px;"><span style="font-family: ">&nbsp;</span></span></p>
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	<span style="font-size:14px;"><span style="font-family: ">&nbsp;</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span color:="" style="font-family: ">Success Mantras </span></span></strong></p>
<p class="Pa10">
	<strong><span style="font-size:14px;"><span style="font-family: ">&nbsp;</span></span></strong><br />
	<span style="font-size:14px;"><span color:="" style="font-family: ">Besides a Paid-Up capital of Rs 469.2 million, the company has also seen growth in terms of deposit, branch network and loans. The company owes its success to the policy of expanding its branches aggressively in 2007, points out Sherchan. The company now has 37 branches and 150,000 direct account holders all over the country. It targets to expand its number of branches to 41 by the end of current fiscal year, informed Sherchan. </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">Sherchan says, “Although we are a finance company, our ability to expand on number of branches has made us successful.” The company has a mission of encouraging banking habit among the remittance receiving population. When asked about other reasons behind the company’s success, Sherchan points out three things: dedication, dreams and positive attitude. </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">&nbsp;The dedicated staff have also contributed towards uplifting the status of the company. Sherchan shares, “We have more than 300 employees in Nepal and foreign countries who give their best.” PFCL trains its employees every month and carries out trainings in different countries to enhance their skills. He says, “There is so much to learn in trainings. Because of our portfolio and working system, employees can learn more about the entire banking process like in commercial banks.” </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">&nbsp;The bank is developing the ‘customer first’ culture as one of its business strategies. It is strengthening internal management mechanisms and also making them more customer-oriented. The company is also focused on the customers from remittance business and regularly visits the targeted customers to lure them with different products. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp; <br />
	<img alt="quatarly" border="1" height="287" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/quartaly.jpg" vspace="10" width="261" /><br />
	<br />
	</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span color:="" style="font-family: ">Products </span></span></strong></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: "><br />
	The bank is prepared to work for different groups of people and it reflects in the various products the company has in its portfolio. There are altogether eight deposit accounts including Mamata Bachat Khata for Children, Bharosha Bhachat Khata for aged people and Sangini Bachat Khata for women, available with attractive interest rates. The bank also provides home loan, education loan and foreign employment loans among a host of many other loans. The company also facilitates loans such as margin loan, consortium loan, personal loan, bank guarantees, bills purchase and working capital loan. </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">Unlike other finance companies, PFCL provides Loans against Share, Gold or fixed deposit. It also provides banking facilities round-the-year with internet and debit card facilities. Besides, there are loans for those opting to start a small business or industry. Sherchan says, “As long as they meet our criteria, we provide loans to each and every individual that approach us. We open account for remittance receivers for a token amount of Rs 51.” PFCL also provides services such as e-banking, SMS banking, SCT debit cards, ABBS facilities and fund transfer for clearing and collection services. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp;<img alt="" border="1" height="446" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/swot.jpg" vspace="10" width="271" /></span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span color:="" style="font-family: ">Investment </span></span></strong></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">The expansion of the company in terms of its branches has increased the company’s access to all kinds of sectors in remote as well as urban areas. PFCL has invested in small to big budget projects all around the country. Sherchan says, “We have invested in most sectors in Nepal which includes big budget hydropower projects.” </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">PFCL has immediate plans to invest in agro business. It has already invested Rs 10 million in Kalaiya this year for small farmers involved in sugarcane cultivation. For another project, the company has distributed cows in five districts to the farmers in collaboration with Dairy Development Corporation. The two projects cost Rs 50 million in total and the investments have brought about positive results and have inspired the company to invest more in the agro sector, says Sherchan. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp;</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span color:="" style="font-family: ">CSR Activities </span></span></strong></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">PFCL has supported literary programs as part of its corporate social responsibility (CSR) activities. The company is also providing scholarship to four underprivileged students from Burtibang in Baglung district to study intermediate level. In Kathmandu too, two students are studying management on a scholarship provided by the company. PFCL also helps one handicapped student from Myagdi. </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">&nbsp;The company is in the process of becoming a development bank and this promises to benefit the company as finance companies have many limitations when compared to the development banks. Sherchan shares, “There would be no limitation for us once we become a development bank as we can then work aggressively.” </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span color:="" style="line-height: 115%; font-family: ">The current political situation of the country does not augur well for the economy at large, feels Sherchan. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span color:="" style="line-height: 115%; font-family: ">&nbsp;He shares, “There is no demand for fresh loans and we do not have new industries or entrepreneurs coming up. Industrialists are either running away or surviving on the existing industries.” PFCL is trying to increase its contribution in the remittance business and finding various other sectors for investment to deal with the situation.</span></span></p>
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	<strong><span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#D8171F"><br />
	Newcomers <br />
	<br />
	<br />
	</span></strong><span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>TULSI RAM GAUTAM</strong> has been appointed Machhapuchchhre Bank Ltd as CEO. Earlier, he was General Manager of Credit Department at Nepal SBI Bank Limited<br />
	<br />
	<br />
	<img alt="" border="1" height="143" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/SATISH-NEUPANE.gif" vspace="10" width="117" />. </span></p>
<p class="Default">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>SATISH NEUPANE</strong> has joined Trade Tower Business Center as Managing Director. Earlier, he was Director at Arun Valley Hydropower Company Ltd.</span> <br />
	<br />
	<br />
	<img alt="" border="1" height="134" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/SUNIL-KHANAL.gif" vspace="10" width="108" /><br />
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>SUNIL KHANAL</strong> has joined Trade Tower Business Center as Conference &amp; Event Manager. Earlier, he was F &amp; B Manager at Crowne Plaza Hotel, Dundalk, Ireland.</span> <br />
	<br />
	<br />
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><img alt="" border="1" height="157" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/PADAM-RAJ-SHRESTHA.gif" vspace="10" width="126" /></span></p>
<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>PADAM RAJ SHRESTHA</strong> has joined CE Construction Pvt Ltd as Business Relation Manager. Earlier, he was Media Coordinator at Brihat Investment Pvt Ltd. </span></p>
<p class="Default">
	&nbsp; </p>
<p class="Pa18">
	<strong><span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#D8171F">Newcomers at Sunny Distillery </span></strong></p>
<p class="Default">
	 </p>
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	<span style="font-size:10.0pt;line-height:115%;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#211D1E"><strong>MADHU SUDAN GIRI </strong>has joined Sunny Distillery Pvt Ltd as Senior Sales Officer. Earlier, he was Area In-charge at United Spirits Nepal Pvt Ltd.</span></p>
<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>SUMAN MAHARAJAN</strong> has joined the distillery as Senior Sales Officer. Earlier, he was Area In-charge at United Spirits Nepal Pvt Ltd. </span></p>
<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>RAMESH SHRESTHA</strong> has joined the distillery as Senior Sales Officer. Earlier, he was Area In-charge at United Spirits Nepal Pvt Ltd. </span></p>
<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>ALOK BARAL</strong> has joined the distillery as Senior Sales Officer. Earlier, he was Area In-charge at United Spirits Nepal Pvt Ltd. </span></p>
<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>GOVINDA SHRESTHA</strong> has joined the distillery as Senior Sales Officer. Earlier, he was Area In-charge at United Spirits Nepal Pvt Ltd. </span></p>
<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>LUV DHOJ KC </strong>has joined the distillery as Senior Sales Officer. Earlier, he was Area In-charge at United Spirits Nepal Pvt Ltd. </span></p>
<p>
	<strong><br />
	</strong></p>
<p class="Pa18">
	<strong><span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#D8171F">Transfers at Prabhu Finance </span></strong></p>
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&quot;Myriad Pro&quot;;color:#211D1E"><strong>NARESH DEUJA </strong>has been transferred as Branch Manager of Badegaun Branch. Earlier, he was the Assistant Branch Manager of Thimi Branch. <br />
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<p class="MsoNormal">
	 </p>
<p class="MsoNormal">
	<strong><span style="font-size:10.0pt;line-height:115%;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#211D1E">&nbsp;</span></strong></p>
<p class="Pa18">
	<strong><span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#D8171F">Promotions at Sunrise Bank <br />
	<br />
	<img alt="" border="1" height="148" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/ROBIN-NEPAL.gif" vspace="10" width="120" /><br />
	</span></strong></p>
<p class="Pa18">
	 </p>
<p class="Pa17" style="margin-top:5.0pt">
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mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"> has been promoted as Assistant General Manager, Head – Business Management Division. Earlier, he was Chief Manager at Sunrise Bank Limited’s head office at Gairidhara, Kathmandu. <br />
	<br />
	<br />
	<img alt="" border="1" height="146" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/MANOJ-NEUPANE.gif" vspace="10" width="119" /><br />
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<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>MANOJ NEUPANE</strong> has been promoted as Manager, Head – Corporate Banking Department. Earlier, he was Deputy Manager at the bank. </span></p>
<p class="Default">
	&nbsp;</p>
<p class="Pa18">
	<strong><span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#D8171F">Promotions at International Money Express (IME) </span></strong></p>
<p class="Pa17" style="margin-top:5.0pt">
	<strong>&nbsp;</strong><br />
	<br />
	<img alt="" border="1" height="146" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/BISHAM-POKHAREL.gif" vspace="10" width="119" /><br />
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>BISHAM POKHAREL</strong> has been promoted as Assistant Manager at International Money Express (IME) Pvt Ltd. Earlier, he was an Executive there. <br />
	<br />
	<br />
	<img alt="" border="1" height="122" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/RAJU-PAUDEL.gif" vspace="10" width="99" /><br />
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	<span style="font-size:10.0pt;
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color:#D8171F">Government Movement </span> </strong> <br />
	<br />
	<img alt="yagya" border="1" height="110" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/YAGYA-PRASAD-GAUTAM.gif" vspace="10" width="88" /></p>
<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>YAGYA PRASAD GAUTAM</strong> has been appointed as Chairman of Nepal Airlines Corporation. He is Secretary at the Ministry of Culture, Tourism and Civil Aviation. <br />
	<br />
	<br />
	<br />
	<img alt="" border="1" height="140" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/RAJU-BAHADUR-KC.gif" vspace="10" width="113" /><br />
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	<br />
	<br />
	<br />
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<p class="MsoNormal">
	<span style="font-size:14px;"><strong><span class="A1"><span style="line-height: 115%; font-family: ">Corporate Focus</span></span></strong></span></p>
<p class="MsoNormal">
	 </p>
<p class="Pa9">
	<strong><span style="font-size:14px;"><span class="A30">The Last Resort </span></span></strong></p>
<p class="MsoNormal">
	<strong><span style="font-size:14px;"><span class="A32"><span style="line-height: 115%; font-family: ">A Perfect Adventure Destination</span></span></span></strong></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span class="A32"><span style="line-height: 115%; font-family: ">&nbsp;<img alt="corpoate focus" border="1" height="181" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporate-focus.jpg" vspace="10" width="338" /></span></span></span></p>
<p class="Pa7">
	<span style="font-size:14px;"><span class="A4">T</span><span style="color: rgb(34, 30, 31);">he Last Resort is not only an ultimate destination for Nepali daredevils but also for adventure seekers trekking across the world in a quest for thrills. The resort, lying peacefully 100 kilometres north-east of Kathmandu has become the ultimate destination for those seeking thrills of a bungee jump and various other adventure possibilities the resort offers. <br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa8" style="text-indent:14.0pt">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Since its establishment 14 years ago, thousands of adventure lovers have flocked to the resort to calm their adrenaline pumps. The resort was established by David H Alladice and Bishnu H Neupane in 1998 October. The resort primarily established with an aim to promote adventure activities with Bungy Nepal has now expanded to numerous activities like Canyon Swing, High Ropes, Canyoning, Mountain Biking and Rafting. <br style="mso-special-character:line-break" />
	<br />
	<br />
	The Last Resort in Sindhupalchowk district, a three-and-a-half hour’s drive from Kathmandu is not a haven for adventure seekers only. The resort is also a perfect getaway for relaxation and experiencing serene nature, away from the bustling city crowds and stressful weekdays. To address non-daredevils, the resort offers various packages like “relax at the resort for one night” at the price tag of Rs 3,500. Similarly, “relax and massage package” of one night costs Rs 5,000 per person. The resort has 25 tents that can accommodate 64 persons at once that ensure quiet and peaceful stay in an exotic setting. Services like massage, sauna and plunge pool in a peaceful environment help the relaxation of body and mind. Surrounding area also hosts numerous possibilities for hiking and brief strolling to enjoy the picturesque hills and roaring river deep into the gorge. <br />
	<br />
	So, The Last Resort is absolutely not for adventurous souls only. The resort located across the Bhotekoshi River linked with a suspension bridge from the Araniko Highway receives tourists and visitors round the year. Prakash Pradhan, Resort Manager and Bungy Master says being located near to the Tibetan border, tourists visiting the surrounding hills for hiking, biking and other activities also visit the resort to quench their thirst for ultimate adventure. The resort on top of a green river gorge is 10 kilometres from Tatopani, Tibetan border and 12 kilometres from Barhabise of Sindhupalchowk. <br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa8">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">The resort does not need a special season to welcome its guests. The resort is visited round the year by Nepali and foreign visitors. However, it welcomes higher number of foreign tourists during the peak tourist season - September to November. Thakur Rimal, Assistant Resort Manager, says, “March to May and September to November is the season while rest of the year is off-season. Even in the off-season, the resort does reasonably well due to its many activities.” <br />
	<br />
	<img alt="last resort" border="1" height="217" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporate-focus1.jpg" vspace="10" width="483" /><br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Bungy Nepal <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="Pa8" style="text-indent:14.0pt">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Bungy Nepal at The Last Resort is ranked second on Asia’s five highest bungee jumps by CNNGo. It is also listed as one of the best bungee jumps around the world by numerous media. It is the second highest jump in Asia. Probably it is the most spectacular jump on the planet. Jumping off a 160 metre high bridge into the gorge of Bhotekoshi River is definitely one of the most thrilling acts to try. It is as exciting and fun as scary as it looks. After taking a leap from the 160 metre high bridge, the sense of intense thrill takes over the fear and leaves the jumper longing for never ending free fall instead of what Bungy Nepal offers – 3.5 seconds. As bungee instructors at the resort say, the jump is definitely, “Walking like a penguin and flying like a bird.” </span><span style="color: rgb(34, 30, 31);">To try the bungee jump, one must be at least 40 kg to 110 kg and 18 years and older or have consent from parents in case of a minor. The bungee begins between 11 to 11:30 am and continues usually till 4 pm. The sales office at Thamel takes 40 bookings at most but rest can be availed on-site bookings at the resort. A bus of the resort leaves Thamel at 6 am every day (6 days during the high season – Monday off, and 4 days during the off season). <br style="mso-special-character:line-break" />
	<br />
	</span></span><strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Canyon Swing </span></span></strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);"><br />
	<br />
	Canyon Swing is definitely not a kid’s swing. The Canyon Swing at The Last Resort is the world’s highest giant and ultimate swing – jumping off a 160 metres high bridge, experiencing free fall of 100 metre for seven seconds before the twin lines swing you at 150 km per hour. The company claims it is the highest in the world. The weight limit for swing is 120 kg. The swing day trip to the resort costs Rs 4,000 per person while the swing only costs Rs 3,200. <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">High Ropes <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="Pa8" style="text-indent:14.0pt">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">High Ropes is a fun filled activity at The Last Resort that can be enjoyed with family and friends. The thrilling and fun filled activity releases stress and boosts the team work. This adventure sports has various mini activities like ladders, wobbly bridges, walk ways, cargo nets, abseils and zip lines. Hillary Steps, Nepali Taxi and Bagmati River Crossing are few of the obstacles that will make anyone’s adrenaline pump. High Ropes comes with a price tag of Rs 3,500 for a day trip, Relax and High Ropes (1 night/1day) at Rs 5,800 and High ropes only at Rs 3,000. <br />
	<br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Hidden Canyons <br />
	</span></span></strong></p>
<p class="Pa8">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Canyoning at The Last Resort is not only about exploring hidden places in the Himalayas but also finding out the adventurer within oneself. The resort offers a variety of canyons from exploratory walks to some of Nepal’s most extreme environments, says the company. The guides of the resort will lead you to abseiling, jumping and sliding down steep canyon walls and waterfalls to deep pools below. It is just another adventurous way to release the tension and get adrenaline high in the blood. <br style="mso-special-character:line-break" />
	</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">The resort is spread over an area of around 18 ropanis. The land was bought from a local Guthi and around half the land is acquired by the resort from local villagers around the resort. Situated right next to a village, the resort has given back to the locality in various ways. The suspension bridge that holds the platform for bungee jumping and swing was built by the resort. The bridge not only offers the option to jump off it but also the convenient way for locals to connect to the highway. According to Pradhan, before the bridge was built by the resort, locals had to walk three hours to cross the Bhotekoshi River and reach the other side via a bridge closest to the village.<br />
	<br />
	&nbsp;Similarly, out of 68 employees, 48 are working at the resort and around 90 percent of them are locals, says Pradhan. He adds, “As part of our CSR initiatives, we help the local communities in the two VDCs of Marming and Listi Kot. We contribute Rs 400,000 each per year to the two VDCs for education, health and village development.” According to the resort, a fixed amount of every activity is spent on development of the local infrastructure and to support local projects.</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">&nbsp;</span></span></p>
<p class="Pa31" style="margin-top:8.0pt">
	<strong><span style="font-size:14px;"><span class="A16">WHERE: <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="Pa18">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Panlang-5, Sindhupalchowk district, on the Araniko highway, across the Bhotekoshi River from Marming-8, Sindhupalchowk </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;</span></p>
<p class="Pa31" style="margin-top:8.0pt">
	<span style="font-size:14px;"><strong><span class="A16">HOW TO REACH: <br />
	<br />
	</span></strong><span style="color: rgb(34, 30, 31);">100 kms from Kathmandu (approximately 3 </span><span color:="" style="font-family: ">½ </span><span style="color: rgb(34, 30, 31);">hrs drive), 14 kms from the Tibetan border. One can go by private transport, however, the resort also has its own tourist bus leaving at 6 am every day (6 days during the high season – Monday off, and 4 days during the off season). <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Default">
	<strong><span style="font-size:14px;"><span class="A16">WHEN TO GO:</span> <br />
	</span></strong></p>
<p class="Pa18">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Tourist Season (September- November &amp; March-May) <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Default">
	<strong><span style="font-size:14px;"><span class="A16">WHAT TO DO:</span> <br />
	</span></strong></p>
<p class="Pa18">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Bungy Jump, Canyon Swing, High Ropes, Canyoning, Mountain Biking, Rafting, Relax </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp; <br />
	</span></p>
<p class="Pa31" style="margin-top:8.0pt">
	<strong><span style="font-size:14px;"><span class="A16">WEATHER: <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="Pa18">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Similar to Kathmandu all season </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp; <br />
	</span></p>
<p class="Pa31" style="margin-top:8.0pt">
	<strong><span style="font-size:14px;"><span class="A16">MISCELLANEOUS: <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">A Bungy Jump/Canyon Swing costs Rs 3,200 per person per activity. The resort provides a package of Rs 4,000 per person for to-and-fro transportation, one activity and lunch. There is also a provision for overnight stay at the resort. For more details/reservations, contact The Last Resort, Sales Office, Thamel, Kathmandu: Tel 00977-1- 4700525/4701247, Email info@ thelastresort.com.np or visit its website www.thelastresort.com.np</span></span></p>',
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	(int) 4 => array(
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			'title' => 'Pilot Pens Everyone’s Favourite',
			'sub_title' => '',
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			'content' => '<p>
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<p>
	<span class="A46"><span style="font-size:
40.0pt;line-height:115%;font-family:&quot;Calibri&quot;,&quot;sans-serif&quot;;mso-ascii-theme-font:
minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:&quot;Myriad Pro&quot;"><img alt="deepak kumar " border="1" height="189" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/deepal.jpg" vspace="10" width="152" /></span></span><br />
	<strong>DEEPAL KUMAR PURKOTI<span class="A5"><span style="font-size:
10.0pt"><br />
	Sales and Marketing Manager</span></span><br />
	Fair Trade Pvt Ltd</strong></p>
<p class="Default" style="margin-left:.5in">
	<strong><span class="A5"><span style="font-size:10.0pt"><br />
	<br />
	<br />
	</span></span></strong><span class="A13"><span style="font-size:59.0pt;mso-bidi-font-family:
&quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi">N</span></span><span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;
color:#211D1E">o matter how much writing is being tried to be replaced by modern tools like computers and tablet PCs, writing wouldn’t be complete without a pen. When a writer’s pen writes smooth like silk and bears a powerful brand name, it would prove a cherry on top. Young toddlers to professional executives and everybody in between would love a pen that writes at every occasion. Fair Trade Pvt Ltd (FTPL), the sole authorised distributor of Pilot pens for Nepal, brings pens for all from the well known stationery brand from Japan - Pilot. <br />
	</span></p>
<p class="Pa10" style="margin-left:.5in;text-indent:14.0pt">
	<img align="left" alt="pilot" border="1" height="252" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/polit.jpg" style="margin:10px;padding:10px;" vspace="10" width="334" /><span style="font-size:10.0pt;color:#211D1E">The company has made easy availability of original pens from Pilot brand at affordable prices. Besides Kathmandu, rural Nepal also receives genuine products from Pilot through the dealerships spread over major cities in various parts of Nepal. Currently, the company has dealers in Biratnagar, Birgunj, Pokhara, Narayanghat and Hetauda, said Deepal Kumar Purkoti, Sales and Marketing Manager at FTPL. He said that the company is planning to open around three new showrooms in the near future. Through these showrooms, the company targets to reach every district and the remote villages too. <br style="mso-special-character:line-break" />
	</span></p>
<p>
	 </p>
<p class="Pa10" style="margin-left:.5in">
	<span style="font-size:10.0pt;
color:#211D1E">Though the company is distributing imported pens at the moment, it is also planning to produce pens within the country that bears the brand name of Pilot. “In around one-and-a-half-year’s time, FTPL is planning to produce certain products within the country,” Purkoti revealed. The company is planning to begin production in Nepal with a low segment pen and then expand into different categories. It is in the procedure to finalise the location for setting up the industry and investment volume. Similarly, the production capacity is not finalised yet, said Purkoti. <br style="mso-special-character:line-break" />
	</span></p>
<p class="Pa10" style="margin-left:.5in">
	<span style="font-size:10.0pt;
color:#211D1E">According to him, around 1.5 million Pilot pens are sold in Nepal annually. Super-GP, V5 series, board markers, permanent markers, gel pens, ball pens, mechanical pencils are some of the most popular categories of pens sold in Nepal. Similarly, V5 pens are popular among government officials and professionals as it is smooth and easy to write even in the Nepali paper used in government offices. Super GP, ball pens and gel pens are especially popular among students. At its showroom at Dharmapath in New Road, Pilot pens cost anywhere from Rs 15 to Rs 30,000. The fountain pen costing Rs 30,000 bears an 18-carat gold nib and cover holder. <br style="mso-special-character:line-break" />
	</span></p>
<p class="Pa10" style="margin-left:.5in;text-indent:14.0pt">
	<span style="font-size:10.0pt;color:#211D1E">The showroom was established around a year back with an investment of Rs 3 million. With the growing awareness among people about the brand, Purkoti revealed that the sale of Pilot pens lately is in an increasing </span><span style="font-size:10.0pt;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#211D1E">trend. The company imports Pilot pens from Japan. <br style="mso-special-character:line-break" />
	</span></p>
<p class="Pa10" style="margin-left:.5in;text-indent:14.0pt">
	<span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E">Dr Grip is one such pen that has antiseptic, anti-smell, anti-sweating and bacteria-free characteristics. The pen, true to its name, is even certified by doctors and costs from Rs 500 to Rs 900. Likewise FriXion series pens can write, erase and rewrite. This pen is strongly discouraged for using in examinations and signing important documents. B2P is a distinctive ball pen that is made out of recycled water bottles. The store has over 250 varieties of Pilot pens. The company is planning to bring in pens that cost around Rs 10, in the near future. FTPL is going to add more products to the available range. These upcoming products include fountain pens, V series, sketch pens, mechanical pencils, gel markers, board markers, FriXion colour sets and other products for children. </span></p>
<p class="Pa10" style="margin-left:.5in;text-indent:14.0pt">
	<span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E">FTPL has held the dealership of Pilot pen in Nepal for 30 years. It is a trading company that is in existence for three decades and has been involved in importing garments, Pilot pens, Konica Minolta products and medical equipments among others. There are 40 employees working for the company. <br style="mso-special-character:line-break" />
	</span></p>
<p class="Pa10" style="margin-left:.5in">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E">The company is revamping its marketing strategy. Purkoti says that old dealings will be done in newer ways like having wholesalers and distributors in all five development regions. Similarly, FTPL is planning to introduce promotional offerings for both customers and retailers. It will also undertake awareness campaigns by setting up stalls at schools and colleges to spread information to students. The company is planning to give away certain pens at the purchase amounting higher than a certain limit. Likewise, it is also thinking of giving special offers and gift hampers to dealers as well. <br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal" style="margin-left:.5in">
	<span style="font-size:10.0pt;
line-height:115%;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E">FTPL believes in delivering quality. Similarly, it envisions each and every person writing with Pilot pens. The company does not feel competition in the market on account of either quality or brand value. However, Purkoti accepts the competition with regards to the price. Purkoti feels the absence of legal mechanism to demoralise the availability of counterfeit products. He recommends the customers to look for quality rather than the price and always choose genuine products.<br style="mso-special-character:line-break" />
	</span></p>',
			'published' => true,
			'created' => '2012-10-11',
			'modified' => '2012-10-30',
			'keywords' => '',
			'description' => '“We are planning to open around three new showrooms in the near future. Through these showrooms, the company targets to reach every district and the remote villages too.”',
			'sortorder' => '604',
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	(int) 5 => array(
		'Article' => array(
			'id' => '671',
			'article_category_id' => '39',
			'title' => 'Chilime Hydropower : Dreaming Large',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong>“We have made sure that all people have share holdings in this company. With this model, we have ensured 360 degree participation and made it a people’s company.” <br />
	</strong><br />
	<br />
	<img alt="" border="1" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporare_kulman.jpg" style="width: 169px; height: 206px;" vspace="5" /><br />
	<br />
	<strong>KUL MAN GHISING <br />
	Managing Director <br />
	Chilime Hydropower Co Ltd <br />
	</strong><br />
	<br />
	If dreaming big is the norm for corporate houses, it is larger for Chilime Hydropower Company Limited. Having an installed production capacity of 22.1 Megawatts (MW) hydroelectricity at the moment, it envisages producing 500 MW of hydroelectricity by 2020. Similarly, it dreams to be the largest hydropower company in Nepal. <br />
	<br />
	<img alt="Chilime Hydro Power" border="1" height="285" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporatefocus_banner.jpg" vspace="5" width="400" /><br />
	<br />
	Chilime has actually begun working towards its 2020 vision already. Right after the generation of hydroelectricity began on 25August 2003, the company applied for further projects and has four projects in its pipeline now. They are Rasuwagadhi Hydropower (111 MW), Senjen (42.5 MW), Upper Senjen (14.5 MW) and Madhya Bhotekoshi (102 MW). These projects will remain under Chilime’s subsidiaries: Rasuwagadhi Hydropower Company Limited, Madhya Bhotekoshi Jalavidhyut Company Limited and Senjen Jalavidhyut Company Limited. The parent company Chilime owns and operates a 22.1 MW power plant located in Rasuwa district. <br />
	<br />
	Kul Man Ghising, Managing Director of Chilime, reveals, “We have already planned on how to move ahead after completing these four projects. Two projects will come into operation after four years while the other two will commence operation after five years.” <br />
	<br />
	<img alt="" border="1" height="408" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/chilime.jpg" vspace="5" width="400" /><br />
	<br />
	Chilime is also planning to get into reservoir based hydel plants along with sizeable projects of up to 500 MW. Ghising confidently says, “We have that capability as we are financially strong. We will get even stronger with the completion of four projects, both technically and financially.” Chilime has well understood that without sizeable projects, economies of scale in hydropower sector cannot be achieved and the price won’t reduce either. Chilime has applied for licenses of large scale power plants namely, Uttarganga (300 MW), Upper Arun (335 MW) and Langtang Project (232 MW). “We are hopeful to get licenses of some of these projects. After having license(s) in hand, we will go into construction phase within three years,” says Ghising. Chilime is looking forward to add more projects to its portfolio by 2014/15 so that it will have projects of around 800 MW by 2020 including operational capacity of 500 MW. This will help Chilime leap one step forward to meet its dream to establish itself as the largest public hydropower company in Nepal. <br />
	<br />
	Since its establishment, it has optimally utilised the local resources of Nepal –technical manpower and financing etc. Ghising says that the company is operating on a model of public-people-partnership. Therefore, 51 per cent of the stakes is held by the Nepal Electricity Authority (NEA) and 49 per cent by the general public including 10 per cent equity ownership of the local people at the project sites. He claimed Chilime to be the first public limited hydropower company of Nepal. <br />
	<br />
	The company has adopted a model that has been highly successful for managing capital for investing in hydropower. It includes investors, regulator, government bodies, the operator’s employees, buyers and also the consumers for financing hydropower. Ghising says the model that has been introduced by Chilime has proved to be a milestone for the Nepali hydropower sector. “When developing a 200 MW project was thought impossible without foreign investment and support from donors like Asian Development Bank (ADB) and World Bank, we have used money within Nepal to finance upcoming projects for a total of 270 MW,” he boasts, “Chilime has collected Rs 4 billion in four days. The confidence of the general public to invest in hydropower has developed because of us.” <br />
	<br />
	Ghising clarifies that Chilime is not a Public Private Partnership (PPP) company. It is rather a people focused company. He says that Chilime has moved on to the 4P model – peoplepublic- private-partnership as it has also involved private entities in its subsidiary companies. “We have made sure that all people have share holdings in this company. With this model, we have ensured 360 degree participation and made it a people’s company.” <br />
	<br />
	<img alt="chilime hydro power" border="1" height="405" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/chilmme111.jpg" vspace="10" width="400" /><br />
	<br />
	Ghising believes that a huge amount of hydropower can be developed in Nepal if more than a dozen hydropower companies adopt the same model. Chilime is looking forward to business expansion and to meet this objective, Ghising feels the need for foreign direct investment (FDI). He believes that international companies will easily be ready for partnership with Chilime as it has a huge public base and is a stable company in Nepal. <br />
	<br />
	Chilime has also helped locals prosper by making them the shareholders of the company. Ghising says that shareholding households of Rasuwa district have liquid assets of Rs 500,000 each because of the Chilime shares they own and dividends they receive. Ghising says that locals own 500 units of shares per household. “Each household will be proud to have at least Rs 2 million worth of shares after five years as the bonus shares and dividends go on adding up.” <br />
	<br />
	The company has been distributing around Rs 35,000 to 40,000 every year as dividend to each household. Ghising says that Rs 90 million was distributed last year in Rasuwa district alone as dividend. The company had distributed 70 per cent dividend last year – 30 per cent cash and 40 per cent bonus share. “This has helped in inclusive growth of locals along with creating a sense of ownership towards the project,” he says. Likewise, as part of its Corporate Social Responsibilities (CSR), the company spends over Rs 10 million every year on various activities like education, health, drinking water, roads, electricity and other social causes. <br />
	<br />
	The company had made a net profit of Rs 843.14 million in the fiscal year 2010/11. This year, the company’s net profit remained around Rs 950 million. The revenue collection of the company in the fiscal year 2011/12 was around Rs 1.2 billion. <br />
	<br />
	The total financing cost of Chilime at the time of completion of its project in Rasuwa was Rs 2.5 billion. While Rs 960 million was managed through equity investment, rest of the amount was materialised from borrowings. The company paid back its loan within three years. Chilime, at present, has paid up capital of Rs 1.35 billion. It is investing around Rs 7 billion in four projects within the course of the next five years. However, the total cost of these projects is around Rs 33.2 billion. Around Rs 16.6 billion will be invested by the Employees Provident Fund (EPF) while the rest will be managed through equity management. <br />
	<br />
	Ghising ruled out the dispute over Bhotekoshi rafting saying everybody in the region is warm heartedly welcoming the project. Earlier, it was being said that the rafting business will be disturbed due to the construction of the project. Ghising insisted that the actual rafting generally begins from Middle Bhotekoshi Project Power house area and will not affect rafting activities in any way. <br />
	<br />
	<img alt="" border="1" height="302" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/chilime112.jpg" vspace="5" width="300" /><br />
	<br />
	He also promises to promote the rafting business and develop an international community rafting centre with rafting museum, a convention hall and a rafting training institute along with building gateways for rafting at numerous points on the banks of Bhotekoshi. He also sees possibilities for development of Eco- Hydro-tourism that will also boost revenue collection at Sindhupalchowk district. The company has made a slogan ‘Hydropower together with tourism’ to reinforce its promises. Chilime has a complaint that the hydropower sector is missing the presence of a regulator to check and balance the developers as well as the NEA. Ghising says that the hydropower sector is not as transparent as it should have been. <br />
	<br />
	Chilime is planning to export its surplus production after meeting the local demand. Similarly, it will also begin working towards backward integration like a tie-up with the turbine manufacturers, operation &amp; maintenance and consulting for hydropower sector. <br />
	<br />
	<img alt="swot analysis" border="1" height="142" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/swotanalysis.jpg" vspace="5" width="250" /><br />
	<br />
	<br />
	<strong>STRENGTHS </strong><br />
	<br />
	• Financially strong <br />
	<br />
	• Technically sound <br />
	<br />
	• Credibility <br />
	<br />
	• Goodwill <br />
	<br />
	• Public support <br />
	<br />
	<br />
	<br />
	<strong>WEAKNESSES </strong><br />
	<br />
	• Time taking procedures for procurement of goods and services. <br />
	<br />
	<br />
	<br />
	<strong>OPPORTUNITIES </strong><br />
	<br />
	• Huge market opportunity <br />
	<br />
	• Potential to generate hydropower <br />
	<br />
	<br />
	<br />
	<strong>THREATS </strong><br />
	<br />
	• Possibilities for project delays <br />
	<br />
	• Unnatural demands from locals <br />
	<br />
	• Weak financial health of the NEA - the buyer of electricity <br />
	<br />
	• Political instability <br />
	<br />
	• Unavailability of adequate technical manpower in the market <br />
	<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-15',
			'modified' => '2012-10-10',
			'keywords' => '',
			'description' => 'Chilime Hydropower Dreaming Large “We have made sure that all people have share holdings in this company. With this model, we have ensured 360 degree participation and made it a people’s company.”',
			'sortorder' => '568',
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	(int) 6 => array(
		'Article' => array(
			'id' => '651',
			'article_category_id' => '39',
			'title' => 'Arun Valley HDC : For Rural Electrification',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="corporate focus" border="1" height="285" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/julycorporatefocus.jpg" vspace="5" width="400" /><br />
	<br />
	<strong>“Piluwa Khola Small Hydropower Project is an exemplary hydropower project developed by the private sector.” </strong><br />
	<br />
	<img alt="ramesh neupane" border="1" height="230" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporateimages.jpg" vspace="5" width="200" /><br />
	<br />
	<strong>RAMESH NEUPANE <br />
	Managing Director, AVHDC </strong><br />
	<br />
	<br />
	<br />
	“Domestic capital and technology are sufficient to rescue the country from the present energy crisis,” Ramesh Neupane, Managing Director of Arun Valley Hydropower Development Company (AVHDC) asserts. The rationale for this claim is: his company has built a 3-MW Piluwa Khola Small Hydropower Project in Sankhuwasabha district within 36 months. Out of the total 75, there are 40 districts in Nepal suitable and feasible for electricity generation. If a 5-MW plant is established in each of these districts, about 200-MW of energy will be added to the national grid within three years. When private sector adds 200 MW of power every three years, it is very possible that the same force can liberate Nepal from the energy crisis within a short period of time. <br />
	<br />
	According to Neupane, such a target can be achieved only if the government motivates the private sector. He underscored six points on making hydropower a centre of attraction for investment. First, the government should extend the license period from existing 35 years to at least 50 years for hydropower projects over 5 MW while the projects below it should be allowed to own the project for a lifetime. Second, Nepal Electricity Authority (NEA) must amend and increase electricity purchase rate in line with the inflation rate. “Price of electricity should be determined on the basis of demand and supply. NEA should increase the electricity tariff to the customers and with this effect, should also provide reasonable price to hydropower project developers,” he said. Third, the government should exempt VAT to hydropower projects. Investment in hydropower projects should be declared as tax free business till the country does not have sufficient power. This will help to attract investment into this sector. Fourth, Hydropower Finance and Development company of the government should be activated and provide long term loans on subsidised rates to the projects. Also, the capital market has to be liberal to raise funds from potential Nepali investors by issuing shares and debentures. Foreign investors should be attracted to invest in hydropower projects and allowed to trade shares in Nepal’s stock market. Fifth, the government should provide security to all projects. <br />
	<br />
	The cost of the security staffs has to be borne by the government and some field allowances are to be paid by the developers. Lastly, the government should build high voltage transmission lines from North to South to transmit energy generated in the Northern region to the Southern market of Nepal. Private sector investment in BT and/ or BOT model has to be allowed and this work should get higher priority. Additionally, Nepali energy system has to be connected with the Indian system so that energy can be imported when there is shortage and supplied when there is a surplus. Therefore, the construction of Nepal-India Cross Border Transmission Line is the urgent demand of the nation. <br />
	<br />
	In putting forward these constructive suggestions, Neupane speaks of his company’s experience as the pioneer company to introduce the concept of developing hydropower projects from the private investment in Nepal. In 1997, when the entire country was in the grip of Maoist insurgency, a group of people dared to establish Arun Valley Hydropower Development Company believing that it is possible for the private sector to build capital intensive projects such as hydropower provided there is a favourable environment, laws and policies for investment. The objective behind the establishment of Arun Valley was to construct, develop and operate small hydropower projects utilising domestic resources, technology and capital. <br />
	<br />
	When they planned to embark on their first project - Piluwa Khola Small Hydropower Project - they not only had to face difficulty to get the government’s support but also to fetch finance for it. When the AVHDC team approached the then Minister for Water Resources Sailaja Acharya with the concept, she expressed her surprise over the idea of a private sector company developing hydropower projects. But, impressed with their innovative concept, she pleaded help in every step of their project development. Their follow-ups in the Ministry of Water Resources bore fruits when NEA started to sign Power Purchase Agreement (PPA) with the private power developers. <br />
	<br />
	The team got a survey license from the Department of Electricity Development (DoED) of NEA to conduct feasibility study of Piluwa Khola Small Hydropower Project in Sankhuwasabha district. After completion of the survey, they applied for PPA. Minister Acharya helped them in getting a rate of Rs 3.0 for the wet season and Rs 4.25 for the dry season with an escalation of 6 percent for a period of five years. The escalation was supposed to be revised after five years but has not taken place till date, said Neupane. At that time, another setback was to find loan capital for the project. The project was planned with 30 per cent equity of the company and arranging 70 per cent loan from banks and financial institutions (BFIs). “As hydropower projects were the new investment area for the Nepali commercial banks, they were not ready to provide us loan in the initial phase,” said Neupane. Most of the BFIs doubted whether a private company can actually build and complete a hydropower project and will be able to pay back the loan amount. Finally, Manoj Goyal, the then CEO of the Bank of Kathmandu (BoK) took the risk and the first project of the company was financed and completed within the targeted time frame of 36 months. The project construction work was started in February 2001 and was completed in June 2003 while commercial operation started from August 2003. Arun Valley now has its own land and office building at Milan Chowk of Baneshwor and is listed in Nepal Stock Exchange.<br />
	<br />
	“The share price of this company ranges between Rs 300 and Rs 400 and the company claims that the market price of an Arun Valley Hydropower Company share will not be less than Rs 1000 upon the completion of Kabeli B1 Hydropower Project. “Piluwa Khola Small Hydropower Project is an exemplary hydropower project developed by the private sector,” argues Neupane. The company has been regularly distributing dividends to the shareholders of the company for the last seven years. “Investors have already got the return of their initial investment on the project. What they are getting now is their bonus,” shares Neupane. The second project of AVHDC is Kabeli-B1 Hydroelectric Project on Kabeli River flowing through the border of Taplejung and Panchthar districts. The project has completed the detailed feasibility study. The run-of-river project with an installed capacity of 25 MW, will sign PPA with the NEA within mid July. “The total project cost is estimated to be Rs 3,500 million. Of this total investment, 70 percent (Rs 2,450 million) will be raised from bank loan and the remaining Rs 1,050 million from the equity of share holders,” said Neupane. The company will issue rights shares to its existing shareholders to finance this project. <br />
	<br />
	A new company named Arun Kabeli Power Limited has been established as Arun Valley’s sister company to look after this project. “We have acquired 50 ropanis of land for the project and will be floating 39 per cent of the project company’s shares to the strategic partners in the beginning of next fiscal year,” said Neupane. Arun Valley Hydropower Development Company Limited will hold 51 per cent share of the project while the local people will have the opportunity to invest up to 10 per cent of the equity investment in this project. <br />
	<br />
	Lower Pheme Khola Small Hydropower Project is the second under construction project of the company located in the Mechi corridor. The project with an estimated cost of Rs 436 million has also reached the stage of PPA signing. “We will begin construction work immediately after signing the PPA,” said Neupane. <br />
	<br />
	The third project under development, Upper Piluwa Khola Small Hydropower Project, is being developed by Upper Piluwa Khola Hydropower Company Limited. AVHDC has the majority shares of this company. The project will be developed by setting-up a diversion weir from five kilometre up-stream of existing Piluwa Khola Small Hydropower Project. The project with an installed capacity of 9.6 MW has also reached the stage of PPA signing. Talking about the uniqueness of his company, Neupane shares that his company has more than 22,000 big and small shareholders. The company is in favour of mobilizing large number of people as investors in hydropower projects. The size of investment is as low as Rs 100,000. The company strives to keep the project construction costs low, complete the projects on time and distribute dividends to shareholders. Arun Valley is committed to utilise domestic capital, resources and technology to the optimum level and give relief to the country from prolonged hours of load-shedding even during the monsoon. “We have bid goodbye to load shedding in Gulmi and Sankhuwasabha districts. It is our vision now to lift the entire country from the existing energy crisis,” shares Neupane.<br />
	<br />
	It is his understanding that entrepreneurship, dedication and hardworking makes any project a success. “The technology for generating power from the running mountain water is well proven. We simply follow the art of technology,” he said. Neupane supports the idea of Foreign Direct Investment (FDI) to cash Nepal’s optimum potential in hydropower sector. He believes that the present political instability is the main impediment in attracting FDI in Nepal. “The first thing foreign investors consider is the risk involved in their investment. To minimise the risk, the government should sign a Power Development Agreement (PDA) with all the big and small project developers as well as local and foreign investors,” said Neupane. According to him, FDI will increase if the government requests foreign investors to invest in Nepal by agreeing to guarantee the security of their investments. The company also plans to attract new investors to invest in its new power projects namely Kable B-1 (25 MW), Upper Piluwa Khola (9.6 MW) and Lower Pheme Khola (3.5MW). <br />
	<br />
	<br />
	<strong>Swot Analysis <br />
	<br />
	<br />
	STRENGTHS </strong><br />
	<br />
	<br />
	• Motivated staffs <br />
	<br />
	• Stability of the company <br />
	<br />
	• Loan free company <br />
	<br />
	• Listed in the Nepal Stock exchange <br />
	<br />
	<br />
	<strong><br />
	WEAKNESSES </strong><br />
	<br />
	<br />
	• Employee turnover <br />
	<br />
	• Difference of thought between developers <br />
	<br />
	<br />
	<strong>OPPORTUNITIES <br />
	</strong><br />
	<br />
	• Developing partnership with local government <br />
	<br />
	• Developing projects with foreign investors <br />
	<br />
	<br />
	<strong>THREATS </strong><br />
	<br />
	• Unhealthy competition <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-10',
			'modified' => '2012-09-17',
			'keywords' => '',
			'description' => '“Domestic capital and technology are sufficient to rescue the country from the present energy crisis,” Ramesh Neupane, Managing Director of Arun Valley Hydropower Development Company (AVHDC) asserts. The rationale for this claim is: his company has built a 3-MW Piluwa Khola Small Hydropower Project in Sankhuwasabha district within 36 months. Out of the total 75, there are 40 districts in Nepal suitable and feasible for electricity generation. If a 5-MW plant is established in each of these districts, about 200-MW of energy will be added to the national grid within three years. When private sector adds 200 MW of power every three years, it is very possible that the same force can liberate Nepal from the energy crisis within a short period of time.',
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	(int) 7 => array(
		'Article' => array(
			'id' => '644',
			'article_category_id' => '39',
			'title' => 'ICT Branding Expo - Version 2.0',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The fifth ICT Info-Trade Fair 2012, the ICT Branding Expo, will be organised from 5 January by Information Communication and Technology (ICT) Association of Nepal at Exhibition Hall in Kathmandu. The five-day long exhibition will showcase latest and innovative information technology products. According to Sagar Dev Lakhe, President of the ICT Association of Nepal, the expo is being promoted as a branding expo for the second year in a row. Lakhe said it is a challenging job to promote a branding expo in the market where extensive use of IT is primarily limited to only the urban centres.</p>
<p>
	Last year's expo was successful so we have improvised on it and given continuity to the event, he added. ICT Association has been organising expos every year. According to Lakhe, such an expo must look and feel like an IT expo. So, we are using social media and IT to the utmost level and the visitors will be seeing and experiencing technology right from the entrance to the exit,â€ Lakhe said.</p>
<p>
	The slogan of the event is Bridging digital divide in IT Trade. The expo will showcase branded products popular in Nepal and abroad along with the latest innovative products and technology. Avid, Baleyo, CHIMEI, Creative, Delta, Digicom, EV, Fujikura, Hasee, Inktech, Philips, Smart Cell and ZTE are some of the brands participating in the expo. TP Link is the title sponsor of the expo. The event is expected to increase demand for technology products.</p>
<p>
	Lakhe said It is not a sales expo but a pre-sales expo which is expected to create future market prospects. We are expecting visitors to acquire as much information as they can about the products and technology on offer and meet their needs. The provision to book and purchase tickets online has been arranged. The fans on its Facebook page are entitled with certain discounts on entry charge. Around 200,000 visitors are expected to visit the expo. Lakhe assures that visitors need not worry about the parking space and quality food available at the food court. TechKnow Zone, Wi-Fi Lounge, VIP Lounge, Business Development Room, Food court are some of the specialities of the expo. The association has planned to inaugurate the event by an especially able person who has been making a living with the use of IT. It is also planning to felicitate persons who have been contributing to the sector for more than three decades but remaining away from the limelight, during the closing ceremony of the expo on 10 January.</p>
<p>
	<strong><img align="left" alt="focus" border="1" height="170" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/nikhiii.jpg" vspace="1" width="150" /></strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
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	<strong><br />
	</strong></p>
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	<strong><br />
	</strong></p>
<p>
	<strong><br />
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	<strong><br />
	</strong></p>
<p>
	<strong>Nikhil Bansal</strong></p>
<p>
	<strong>Director Hitech Distribution Pvt Ltd and Spokesperson,ICT Association of Nepal <br />
	</strong></p>
<p>
	The fifth ICT Info-Trade Fair 2012, the ICT Branding Expo to be held from 5 to 9 January is an exhibition in the true sense. Unlike other expos, it is not merely a selling point for products. At this expo, one will get to see and experience IT from the time of planning to visit the expo right till the time they come out of the venue. It is not only about uniting potential clients and exhibitors at a place but also about disseminating information about brands, products and innovations and sharing necessary information required for making a purchase decision.</p>
<p>
	The success of the expo will not be calculated on the amount of sales and number of products sold. This year's ICT expo will be the true exhibition of latest innovations, technologies, products in addition to creating a brand image in a manner that the established image actually begins giving desired outcomes after the event. The expo is intended to be of truly international standards and managed in such a way that visitors and stalls management are fully taken care of. The Visitors will mainly comprise those who are tech savvy and have a certain level of understanding on technology. While it is not possible to spend hours to introduce a simple product for a novice, we don't mean to devalue visitors as this is also an exhibition for anyone who is interested in it.</p>
<p>
	Apart from utilising the technology to its fullest, this expo will also showcase extraordinary quality in terms of stall and visitor management. We expect people to gain as much information as they can and exhibitors can share all they have. We want to ensure that people neither ignore the stalls nor do they gather at one stall for a long period of time.This is an upgrade to previous years expos and the association is dedicated to take it to the next level.</p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><img align="left" alt="focus" border="2" height="163" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/sagar-lakhe.jpg" vspace="2" width="150" /></strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Sagar Dev Lakhe <br />
	</strong></p>
<p>
	<strong>President ICT Association of Nepal</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>What are the preparations so far for the expo?</strong></p>
<p>
	Almost 99 per cent of the preparations are over. All sponsors, dates, venues and events are finalised. Similarly, almost all the stalls are booked.</p>
<p>
	<strong>What are you doing to change the trend of expos being treated as a shopping destination of late?</strong></p>
<p>
	We have made a provision of e-ticketing through http://ict.org.np/ where users can print the ticket on their own which is totally a new practice for expos. Similarly, Facebook, Twitter, Google+, LinkedIn and YouTube are used to the fullest to ensure quality visitors. As per our analysis, this is the first expo that has properly used the social media. It is not a sales expo but a pre-sales expo which is expected to create future market prospects. We are expecting visitors to acquire as much information as they can about the products and their needs.</p>
<p>
	<strong>You have promised to have quality visitors at the expo this time around. How are you planning to achieve that? <br />
	</strong></p>
<p>
	The use of social media and provision of online registration is a step towards this. Similarly, we have doubled the price than the expos held earlier and discount can only be secured through online registration and Facebook page. Executive level visitors are quite hesitant to visit expos as they are afraid that their profile may be devalued or may not get the deserving attention. We need to change this so we have arranged a separate entry point for the executive visitors. Similarly, separate gates are being arranged for the entry of corporate level visiting card holders, discount holders, pass holders, students etc. All these initiatives can at least make executive visitors mentally prepared that these expos are for them too.</p>
<p>
	<strong>You have named this a branding expo. How will it be different and help promote exhibitors respective brands?</strong></p>
<p>
	Last year's expo was a successful one and it encouraged us to organise its version 2.0 this year. At a branding expo, visitors get to see the difference between general expos and a branding one. Stalls are set up as per international standards where different brands portray themselves. This is an important and meaningful platform for brand promotion to the intended customers. We have also put retail stores in a fish market manner so there will be a comparison of quality of participating stalls which will leave a huge difference on impression.</p>
<p>
	<strong><img align="left" alt="focus" border="2" height="155" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/ashokia.jpg" vspace="2" width="150" /></strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	Ashok Agrawal</strong></p>
<p>
	<strong>Managing Director Action Point Nepal Pvt Ltd (TP Link - Title Sponsor of the event) <br />
	</strong></p>
<p>
	The last year's expo successfully portrayed its quality and the theme of being a branding expo. It truly gave an impression of an international standard expo by its look, venue, stalls and the quality of exhibition. We expect the same this year too. Our main focus during the event will be on branding and we hope our brand TP Link finds recognition in the market.</p>
<p>
	We want our customers to identify with the brand and are not looking for one time sales from the event. Our objective is to share our information, promote ourselves and educate customers so that our brand gets established in the market. We will be showcasing some of the brands we deal with, during the fiveday long event.</p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Roshan Bhandari<img align="right" alt="focus" border="2" height="156" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/nikku.jpg" vspace="1" width="150" /></strong></p>
<p>
	<strong>Managing Director Human Click (Gold Sponsor of the Expo) <br />
	</strong></p>
<p>
	The ICT Info-Trade Fair has been doing well since the time it began and has been successful in managing stalls and visitors well. We expect 300-400,000 visitors turning out at this year's expo. At this year's branding expo, only the branding channel, distribution channel and authorised channels will be having their stalls in the main hall.</p>
<p>
	The branding expo proves better than other expos for both visitors and businesses as they will be trying to know each other and gather information for future deals. We are showcasing Philips monitors and Creative brands professional audio and visual products. The 3D monitor from Philips, which we will be launching during the expo, is expected to be one of the major highlights. Similarly, we are also displaying energy efficient monitors with IPS technology that can save up to 70 per cent of energy compared to other monitors available in the market. &nbsp;</p>',
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			'created' => '2012-02-24',
			'modified' => '2012-09-17',
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			'description' => 'The fifth ICT Info-Trade Fair 2012, the ICT Branding Expo, will be organised from 5 January by Information Communication and Technology (ICT) Association of Nepal at Exhibition Hall in Kathmandu.',
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	(int) 8 => array(
		'Article' => array(
			'id' => '643',
			'article_category_id' => '39',
			'title' => 'Norvic: Care At Its Best',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="top" alt="corporate focus" border="6" height="212" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/nervi.jpg" vspace="5" width="300" /></p>
<p>
	Chaudhary Group, a prominent corporate house of Nepal, established Norvic International Hospital in 1993 as a 30 bed facility. Today, the hospital operates 100 beds as a full-service community healthcare facility where 40 per cent of the beds are reserved for critical care Intensive Care Unit (ICU) and Coronary Care Unit (CCU).</p>
<p>
	Growing at a steady 20 per cent per annum for the last three years, it is scheduled to add 66 more beds by the end of March 2012. It also plans to become a 200-bedded super specialised general hospital in the very near future. Praveen Dawar, Vice-President of Norvic International Hospital &amp; Medical College Pvt Ltd says, We are the leading private sector hospital in Nepal and the leading hospital overall, for critical care. Over the years, the hospital has experienced major restructuring with an increase in number of Inpatient beds and progressive expansion of ambulatory care and day surgery. It has also gone through redevelopment of the Emergency Department, Cancer Clinic and Outpatient Specialty Clinics. Having achieved many firsts in healthcare treatment,</p>
<p>
	Norvic provides 24 hours emergency services and modern operation theatres backed by its excellent post operative care. The hospital started preventive health services packages for a handful of companies in 2004. Currently, over 60 organisations in Nepal&nbsp; embassies, INGOs, UN missions, airline companies, bank, corporate houses and department stores among others&nbsp; are closely associated with the hospital and have annual health screening of their staff done there.</p>
<p>
	<br />
	<strong> </strong></p>
<p>
	<strong><img align="left" alt="corporate focus" border="5" height="192" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/norve.jpg" vspace="5" width="150" /></strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	 </p>
<p>
	 </p>
<p>
	 </p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Praveen Dawar <br />
	</strong></p>
<p>
	<strong>Vice-President Norvic International Hospital &amp; Medical College Pvt Ltd</strong></p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Human Resource</strong></p>
<p>
	A highly skilled staff of affiliated physicians, full-time and part-time professional health care staff and active volunteers serve the hospital in their respective capacities. The staff benefits from the hospital's commitment to quality, continuous learning, cross training, skills development, adequate exposure, fun events and activities, flexibility, balance, leadership and a sense of community. It's a team effort where everybody is important and has a crucial role to play. We work as a family unit and do our very best for the patients that come here,says Dawar. The hospital has total staff strength of 380 with 78 Consultant Doctors, 15 of them on the hospital's payroll; 31 Medical Officers; 120 Nurses and a whole lot of support staff manning housekeeping, vehicles, maintenance and security departments.</p>
<p>
	<strong>Customer Focus</strong></p>
<p>
	With years of experience, the hospital has designed many progressive health packages to suit individuals, families, professionals, business executives, students, children and senior citizens. There is a separate Norvic Care Division (NCD) which propagates Prevention is better than Cure by advocating regular medical check-ups. NCD also undertakes Outreach Free Check-up Medical Camps to reach underprivileged masses and help the downtrodden. The hospital commits itself to care and looks at providing world class quality healthcare at an affordable cost. We strive to create strong customer focus in all the operational areas of Norvic Hospital,â€ confirms Dawar.</p>
<p>
	<strong>Marketing <br />
	</strong></p>
<p>
	The hospital is presently running to its full capacity with 80 operating beds always occupied and approximately 500 OPDs per day. It conducts a good number of free medical camps within the Kathmandu Valley as well as outside of it, to promote awareness about the hospital. There are four camps organised every month and besides the medical camps within the valley, the hospital also reaches out to locations outside the valley such as Charikot, Kavre, Baglung, Kakani, Dakshinkali etc. At these camps, the medical check-ups are done free of cost and medications too are provided at no charge. Dawar informs, We do a lot of direct marketing by sending out e-mails updating people on medical camps and new facilities at the hospital. We also hold talk programmes at different organisations that include INGOs, UN missions, banks etc.</p>
<p>
	<strong>Credible Reputation</strong></p>
<p>
	Contrary to public perception, even the population belonging to the lower middle class can easily afford the hospital, shares Dawar. With 23 beds in the general category that has reasonable hygienic conditions, a bed can cost a patient around Rs 1,000 per day. Standard beds at the hospital cost around Rs 1,800 per day, there are a total of 13 standard beds. Despite being a local hospital, it has reached international standards, claims Dawar. He says that even the expatriates living in Nepal who have seen the best of medical facilities in their home countries have great confidence in Norvic. The hospital is best known for its specialisations related to cardiac care, neuro-surgeries, gastroenterology, orthopaedic surgeries, general/internal medicine, pulmonology and hepatology. In addition to the patients that come to the hospital from within Nepal, it has also been receiving patients from Bhutan and eastern part of India namely North Bengal and Assam quite steadily. Dawar says he will consider Norvic to have achieved success the day when nobody from Nepal has to go to Singapore, Bangkok or India for treatment. That should be our long term goal, to give patients enough confidence and dissuade them from going abroad for treatment, Dawar confides.</p>
<p>
	The hospital is particularly proud of its association with Dr Naresh Trehan, the Founder Chairman of Medanta - The Medicity. Eminent Cardiologist Dr Bharat Rawat was placed at Norvic Hospital by the prestigious Escorts Heart Institute and Research Centre (EHIRC) for a period of three months in 1997. But he liked it so much here that he has been with us for 14 years now, Dawar tells with a smile. Norvic is currently working towards specialising in five more critical areas to be converted to its portfolio of super specialities.</p>
<p>
	Our intention is to stay contemporary with the latest technology and development in the chosen field of medical sciences and provide quality care at affordable price to everybody who comes to us seeking treatment,Dawar concludes on a positive note.</p>
<p>
	<span style="font-size:14px;"><strong>Milestones</strong></span></p>
<p>
	<strong>1993: Norvic registered as Norvic-Health Care &amp; Research Centre Limited. Services started with 30 beds. </strong></p>
<p>
	<strong>1997: Shifts to its own premises in Thapathali&nbsp; a 100 bed facility.</strong></p>
<p>
	<strong>1998: MoU signed between Norvic and Escorts Heart Institute &amp; Research Centre, New Delhi to start a Heart Command Centre.</strong></p>
<p>
	<strong>1999: Centre for Neurological &amp; Allied Sciences established. Neurosurgical Procedures started. First Pacemaker Implant conducted.</strong></p>
<p>
	<strong>2000: First Cath Lab in the country established.</strong></p>
<p>
	<strong>2002: First Beating Heart CABG Procedure and Coronary Angioplasty (PTCA) carried out. Norvic certified with ISO 9001:2000 Certification for Quality Management System.</strong></p>
<p>
	<strong>2003: Peripheral, Cerebral, Renal and Carotid Angioplasties carried out.</strong></p>
<p>
	<strong>2004: Norvic starts a dedicated state-of-the-art Digestive Disease Centre with Endoscopy, Sigmoidocopy and Colonoscopy facilities. Obstetrics &amp; Gynaecology department established.</strong></p>
<p>
	<strong>2005: Mini PCNL commenced to enhance and specialise the Urology faculty. CT scan established. Immunisation programme for the United Nations started. Norvic signs billing agreement with Vanbreda International of Belgium.</strong></p>
<p>
	<strong>2006: First everTotal Knee Replacement surgery carried out. Norvic signs agreement with the Asian Development Bank (ADB) for medical care. <br />
	</strong></p>
<p>
	<strong>2007: State-of-the-art Mission: Save Heart Mobile CCU started. Norvic signs agreement with UNMIN for medical care.</strong></p>
<p>
	<strong>2008: Norvic signs agreements with International Organisation for Migration (IOM) and Department for International Development (DFID).</strong></p>
<p>
	<strong>2009: Sophisticated GE Innova-2000 Fixed Cath Lab installed to further enhance Interventional Procedures. Advanced Diagnostic Centre comes into operation. Norvic Institute of Nursing Education (NINE) established. Norvic joins hands with Action Aid and GTZ providing them health care packages and facilities.</strong></p>
<p>
	<strong>2010: Specialised Dental Care added to the existing facilities. First ever Laser Surgery starts in the history of Urology in Nepal. The 3rd phase of Norvic's expansion plans begins.</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<span style="font-size:14px;"><strong>SWOT Analysis</strong></span></p>
<p>
	<strong>Strengths:</strong></p>
<ul>
	<li>
		&nbsp;Established Brand Name</li>
	<li>
		&nbsp;Best Hospital for Critical Care</li>
	<li>
		&nbsp;Clean and Hygienic Ambience</li>
	<li>
		&nbsp;Complete Line of Products as a Multi Speciality Hospital</li>
	<li>
		&nbsp;Good Team of In House Doctors</li>
	<li>
		&nbsp;Central Location</li>
	<li>
		&nbsp;Mobile CCU and 24 hrs Emergency &amp; Trauma Care</li>
</ul>
<p>
	 </p>
<p>
	<strong>Weaknesses:</strong></p>
<ul>
	<li>
		People's Perception of Norvic being a Costly Hospital</li>
</ul>
<p>
	<strong>Opportunities:</strong></p>
<ul>
	<li>
		&nbsp;Expand to other Super Specialities</li>
	<li>
		Tie Up with Medanta“ The Medicity</li>
	<li>
		Medical College (fi rst batch in 2014)</li>
</ul>
<p>
	<strong>Threats: <br />
	</strong></p>
<ul>
	<li>
		Competition with International Manpower &nbsp;</li>
</ul>
<p>
	 </p>
<p>
	 </p>',
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			'description' => 'Norvic commits
itself to care
and looks at
providing world
class quality
healthcare at an
affordable cost.',
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	(int) 9 => array(
		'Article' => array(
			'id' => '579',
			'article_category_id' => '39',
			'title' => 'SG Global: Entering A New League',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><img align="top" alt="corporate focus" border="5" hspace="4" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporate-focus3.jpg" style="width: 257px; height: 102px;" vspace="4" /><br />
	</strong></p>
<p>
	<strong>SG Global Pvt Ltd, established in August 2011, is a fully owned subsidiary of the well known Shanker Group, an industrial and trading conglomerate. It is the authorised distributor for Sharp Electronics (Japan) and Mahindra Two Wheelers (India) in Nepal. â€œWe want to create a truly professional and multinational company in the sense how we work,â€ says Akhil Gupta, Director of SG Global Pvt Ltd. He adds, â€œOur desire is to run the company in a professional manner and let that environment accomplish for our employees, customers and associates.â€</strong></p>
<p>
	<strong>Even though Shanker Group was an established trading conglomerate involved in trading of popular brands such as Konka Electronics and Force Electronics, SG Global was conceived as a trading and representation wing of the group to pursue trading of worldwide brands in a more aggressive manner. Gupta says that each product has a certain way of getting advertised. He observes that while commercial advertising is good for electronic products, itâ€™s BTL (below the line) activities that work better for two wheelers. He explains, â€œFor two wheelers, commercial advertising can only create awareness. We have to eventually bank on BTL activities for the pull factor.â€</strong></p>
<p>
	After studying the Nepali market over a period of time and realising the potential for two wheelers, SG Global plunged into the market following a deal with Mahindra Two Wheelers Limited. â€œWe were impressed with the growth trend for two wheelers in Nepal with economic condition of the people in the country improving considerably,â€ justifies Gupta. He presents the statistics, â€œA total of 129,000 two wheelers were sold in the Nepali market last year out of which 21,000 were scooters. This spurred us to sell Mahindra scooters â€“ already popular in the Indian market â€“ in Nepal.â€</p>
<p>
	<strong>Human Resource <img align="right" alt="corporate focus" border="5" height="192" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/director.jpg" vspace="1" width="150" /><br />
	</strong></p>
<p>
	The company has 70 employees on its payroll with its workforce spread across its corporate office at Tinkune, Sharp showroom at Naxal and the two showrooms of Mahindra Two Wheelers at Teku Road and Naxal. Mahindra showrooms at Teku Road and Naxal are spread over 4,000 sq ft and 1,500 sq ft respectively. Gupta believes that everyone in the company is a decision maker in his or her own right. He elaborates, â€œWe have this culture of inculcating a sense of responsibility in everyone who is part of the company. I am confident that a sense of ownership among employees certainly helps the fortunes of a business enterprise in the long run.â€&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span style="font-size: 12px;"><strong>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; <br />
	</strong></span></p>
<p>
	<span style="font-size:12px;"><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Akhil Gupta:-Director</strong></span></p>
<p>
	<strong>Infrastructure</strong></p>
<p>
	With its modern sales and service infrastructure in place, SG Global promises to offer customers a world class buying and ownership experience. It has kick started operations with 14 dealers across Nepal and plans to expand its network by adding another 78 dealers across 72 towns of Nepal within a yearâ€™s span.&nbsp; Six out of these 78 dealers will be appointed at strategic locations within the valley including at Balaju, Kalanki, New Baneshwor, Bhaktapur and Boudha. â€œAll these dealers will have well equipped 3S (sales, service and spares) set ups at their respective locations,â€ Gupta asserts.</p>
<p>
	<span style="font-size:14px;"><strong>Sharp Electronics</strong></span></p>
<p>
	SG Global â€” the authorised distributor of Sharp Electronics in Nepal â€” has its Sharp Showroom in Naxal, Kathmandu with a view to offer original and high-tech electronic home appliances to Nepali customers. <img align="right" alt="sharp electonics" border="2" height="138" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/sharp.jpg" vspace="1" width="200" />Sharp, a renowned and popular Japanese brand has been ruling the roost not only in its home country but also across the world. The showroom showcases a wide range of Sharp products including Audio Visual products such as Box TV, LCD and LED TVs, DVD and Home Theatre. While its Home Appliances include Microwave Ovens, Vacuum Cleaners, Washing Machines, Air Purifiers and Refrigerators, it also has Small Appliances such as Rice Cookers, Jars and Pots.</p>
<p>
	<strong>Competition</strong></p>
<p>
	Since Mahindra Two Wheelers is a relatively new brand in Nepal, SG Global is looking to establish the brand first. It is in direct competition with Honda and Hero Honda, the other scooter marketers in Nepal. Gupta enthuses confidence though, â€œOur products are unique and we are certain that we can pull it off having a strong team which knows how to compete.â€</p>
<p>
	<strong>Future Plans</strong></p>
<p>
	SG Global is on its way to consolidate the existing business, says Gupta, â€œSharp and Mahindra Two Wheelers are both very strong brands so it makes our job a bit easier.â€ He, however, reiterates that the companyâ€™s current business model requires consolidation over the next couple of years. He also says that, meanwhile, he is open to other business opportunities that might come his way but more importantly, businesses that suit the market dynamics. The company has kept itself a reasonable target of selling 3,000 scooters within the remaining period of the current fiscal year. Given the scootersâ€™ popularity and customersâ€™ attraction towards the brand, itâ€™s already expecting to reach the figure of 5,000 scooters during the same period; it is selling 25 scooters on an average each day. â€œThe day we feel we have built a company which stands for the purpose of its establishment and implemented the system in our own unique way, we would consider our mission accomplished,â€ Gupta signs off on a positive note.</p>
<p>
	<strong>SWOT Analysis</strong></p>
<p>
	<strong>Strengths</strong>&nbsp; Strong Brands and Infrastructure&nbsp;</p>
<p>
	Flagship Service Centre covering 6,000 sq ft coming up at Naxal</p>
<p>
	<strong>Weaknesses&nbsp;</strong></p>
<p>
	Competitive Market (Pricing, Market Share) Opportunities</p>
<p>
	Growing Market for Scooters</p>
<p>
	Urbanisation Threats</p>
<p>
	Being a new entrant</p>
<p>
	Inexperience in Two Wheeler business</p>
<p>
	<strong>Mahindra Two Wheelers</strong></p>
<p>
	SG Global was appointed the authorised distributor of Mahindra Two Wheelers for Nepal in November this year. Its two showrooms at Teku Road and Naxal in Kathmandu sell three Mahindra Two Wheeler products â€“ Rodeo, Flyte and Duro. These scooters are priced at Rs 159,900, Rs 151,900 and Rs 145,900 respectively. The products will also be sold through the dealers appointed by the previous distributor of Mahindra Two Wheelers. The scooters have already been in the market for a year before there was a change of hands in distributorship. Mahindra Two Wheelersâ€™ Research and Development (R &amp; D) wing is ceaselessly working on motorcycles which are the largest segment of the two wheeler market in Nepal. It promises to soon expand its product line by offering motorcycles as well. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '2012-02-22',
			'keywords' => '',
			'description' => 'SG Global
promises to
offer customers
a world class
buying and
ownership
experience.',
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	(int) 10 => array(
		'Article' => array(
			'id' => '518',
			'article_category_id' => '39',
			'title' => 'Qatar Airways: World 5-star Airline',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="font-size:12px;"><img align="right" alt="" border="1" height="121" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/ramdas.jpg" style="margin:10px;padding:10px;" vspace="5" width="150" />Having started its operations in Nepal with a single flight each day about a decadeand- a-half ago, Qatar Airways has come a long way indeed. Aptly awarded a 5-star rating by Skytrax (a UK-based consultancy that carries out international-traveller surveys and ranks airlines and airports), it has increased its frequency to four flights each day beginning 1 October this year. Qatar Airways flies out of Kathmandu every day at 9:45 am, 8:30 pm, 9:30 pm and 11:30 pm.</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">While the first two flights primarily carries migrant workers, the next two mostly have passengers who use the airline as a network carrier to reach their respective destinations in North America, South America, Africa and Europe, informs Ramdas Shivram, Country Manager for Nepal. Migrant workers boarding the 9:45 am and 8:30 pm flights go on to connect with GCC (Gulf Cooperation Council) countries and passengers on board 9:30 pm and 11:30 pm flights use the airline's hub Doha as a transit point to continue their onward journey to other continents. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">The next two flights comprise expatriates living in Nepal, tourists as well as Nepalis living abroad, adds Shivram saying that around 5,000 passengers used the airline's services each way within the first 10 days of operations since flight frequency increased 1 October onwards. With four Airbus A320 carriers flying out of Kathmandu and, correspondingly, four flights coming into the city each day, Qatar Airways in Nepal sees the potential of selling in the region of 420,000 seats per annum. Shivram, who joined the airline in 2005 and took over its Nepal operations in November 2010, says Qatar Airways has expanded in Nepal after sensing a large potential in the country. On a global level, it aims to be the biggest international carrier. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;"><strong>Advertising &amp; Promotions </strong><br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">An essential part of its marketing strategy, the airline seeks to reinforce brand position efforts and provide a platform to deliver credibility for its brand. It makes every possible effort to expand brand visibility and link Qatar Airways brand attributes and values with its customers to establish lasting and loyal relationships with them. While ATL (Above the line) advertising is taken care of by its global head office, the airline indulges in local advertising and promotions by sponsoring sporting events such as golf, organising road shows, holding promotional programmes directed at travel agents, supporting educational programmes on television and publishing advertisements and media releases in major daily newspapers. Shivram cites an example, To promote knowledge about the recent increase in flight frequency, we organised a road show where we approached top 50 travel agencies in Nepal. It was a very successful event.<br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;"><strong>Work Culture</strong></span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">Qatar Airways has 42 people working at its Kathmandu office, a sizeable number for a foreign airline. It has always tried to hire individuals who can work independently on their own. Shivram, who himself is equipped with a post graduate diploma in human resources, is well acquainted with critical issues such as organisational behaviour. He says that his expertise comes in handy while dealing with his colleagues at work. We try to hire the best talent available and send them to Doha for training. I personally believe in giving ample time and room for adaptation and mentor co-workers who show intent to shoulder greater responsibilities,he further states.</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;"><strong>Market Potential <br />
	</strong></span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">The airline is growing at 35 per cent per annum globally and flies to 107 destinations (Oslo, Norway launched on 5 October this year being the latest one) worldwide with an impressive fleet of 100 aircrafts. It plans to serve more than 120 key business and leisure destinations across Europe, Middle East, Africa, Asia Pacific, North America and South America with a fleet of over 120 aircrafts by 2013. From Nepal's perspective too, Qatar Airways aims to become the number one airline in terms of time, connectivity and delivering best service. And to achieve this objective, it offers attractive schemes pertaining to specific destinations during the off season. Shivram rubbishes criticism from certain quarters that Nepal does not have a great deal to offer civil aviation in terms of numbers. He says, The fact that as many as 27 international carriers are operating in Nepal is proof enough that this market holds tremendous potential. He further believes that better infrastructure, improved navigation system and enhanced security arrangements at the Tribhuvan International Airport along with making it operational for 24 hours a day can do wonders for Nepal's civil aviation prospects. <img align="left" alt="plane" border="1" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/ari.jpg" style="width: 344px; height: 145px; margin: 10px; padding: 10px;" vspace="5" /><br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;"><strong>Unprecedented Success <br />
	</strong></span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">The airline takes incredible pride in being a national carrier representing the State of Qatar. Voted Airline of the Year 2011 in the prestigious Skytrax industry audit, Qatar Airways has won the confidence of the travelling public. Since its re-launch in 1997, it has reached the pinnacle of the airline industry for outstanding in-flight service, superior onboard products, and operational excellence among others. Shivram attributes the record success to the airline's clear objectives, ambitions and a focused CEO in Akbar Al Baker. Since becoming the CEO of Qatar Airways in 1997, Al Baker has been instrumental in shaping Qatar Airways into one of the fastest growing and most highly acclaimed airlines in the world. Over the last decade, he spearheaded the airline's growth, which operated only four aircrafts in a regional capacity prior to his appointment. Our decision of continuing to expand even during the difficult period of global recession a few years ago has fetched us handsome dividends, asserts Shivram. Despite being a foreign entity in Nepal, the airline has tasted success because it realised the need to get into the roots of the local culture and acted on it. Shivram says, Practicing the corporate philosophy of Qatar Airways along with correct product positioning and successfully establishing the right business environment has got us this far. Being responsible to internal as well as external customers is absolutely vital for any company's success, he concludes.<br />
	<br />
	<br />
	</span></p>',
			'published' => true,
			'created' => '2011-11-16',
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			'description' => 'Our decision of continuing to expand even during the difficult period of global recession a few years ago has fetched us handsome dividends.',
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	(int) 11 => array(
		'Article' => array(
			'id' => '458',
			'article_category_id' => '39',
			'title' => 'Kumari Bank: Innovations Galore - September 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<div style="text-align: justify;">
		<span style="font-size:12px;">By <strong>Pinaki Roy<br />
		<br />
		</strong></span></div>
</div>
<div style="text-align: justify;">
	<span style="font-size:12px;">Ever since it came into existence over a decade ago, Kumari Bank Limited (KBL) has been at the forefront of innovations such as SMS Banking, Auto Sweep and Internet Banking. Providing competitive and modern banking services with high degrees of quality and customer satisfaction, KBL takes pride in its cutting-edge product line and new and better ways to enhance banking experience for its patrons at large.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">Therefore, it comes as no surprise that KBL has chosen to continue with its tradition of creating innovations and serve unfulfilled needs of all classes of customers located in various parts of the country. It has always focused at prioritising the priorities of its valued customers by offering modern and competitive banking products and services at their door steps. In recent times, the bank won the coveted Billionth Award South Asia for Kumari Mobile Cash in New Delhi, India, on 23 July 2011. It also launched Kumari Secure Mind Home Loan in August this year in association with Shikhar Insurance Company which promises to minimise risks on home loans.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<h3>
	<span style="font-size:12px;">mBILLIONth Award South Asia 2011</span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;">KBL bagged the mBILLIONth Award South Asia for Kumari Mobile Cash during the mBillionth South Asia International Summit 2011 held in New Delhi, India, on 23 July this year. The award was won in the m-business &amp; commerce/banking category on a platform that recognised some of the key innovative applications and services and honoured excellence in the arena of mobile communications across South Asia. They were basically looking for new innovations which have impacted the overall economy, especially at the bottom-of-the-pyramid. And, Kumari Mobile Cash was our best bet, Radhesh Pant, the CEO of KBL reminisces. He informs that the bank did spend considerable time on its questionnaire as part of the preparation for the event.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">From a total of over 200 applications from Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka, 21 were selected as winners spread across 11 core categories, with Kumari Bank, the sole winner representing Nepal. Pant delightfully states that the summit was a fitting platform not just for the bank to showcase its innovation but also for Nepal to show the world that it indeed has the capability to be recognised as a breeding ground for innovative minds. Winning a prestigious award like this has given the bank a boost and has helped people know more about the product besides, of course, bringing immense happiness to the KBL team. We are very happy because we believed in this product. The basic reality is that when our work is recognised, it gives us confidence and impetus to move forward,Pant announces cheerfully. The bank has calculated that if it could only tap 10 per cent of the total 10 million mobile users in Nepal, it will open an overwhelming opportunity with a million strong subscribers at its disposal.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<h3>
	<span style="font-size:12px;">Kumari Mobile Cash</span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;">This revolutionary service that uses mobile phones to provide access to financial services was launched by KBL on 17 August 2010 in partnership with Leapfrog Technology Inc, a Boston-based US firm with a development centre in Nepal. The first of its kind, Kumari Mobile Cash pioneered the mobile wallet concept in Nepal which allows users to store cash balances in their mobile phones.&nbsp;Users are then able to deposit and withdraw cash from their mobile phones and use the stored cash value for various purposes such as remittance, bill payments, and airtime recharge with the push of a few buttons.&nbsp;Currently, the customers can avail this service from Kumari Bank's branches or from its authorised agents present across the country.&nbsp;</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">Due to varied landscape and lack of physical infrastructure in Nepal, telecom is the best way to reach people in the hills and the mountains, says Pant. He adds, In a country like Nepal, access is very poor but at the same time, mobile usage is increasing at about 40 per cent each year. Quite obviously, we wanted to be the first one to launch mobile wallet to focus on the 70 per cent of the households not having any access to formal banking system.With 14,000 users and close to 200 transactions each day, Rs 5 crore worth of transaction has been realised since its launch of the plan around a year ago. I personally believe the future of banking will be technology-led and specifically, mobile-led, Pant declares brimming with confidence.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">KBL has a contractual agreement with two of the largest telecom providers in the country namely Nepal Telecom and Ncell (these two operators collectively enjoy 95 per cent market share in the country). Close to 50 per cent of registered Kumari Mobile Cash members are non-bank customers. In a very short time span, the product has helped break traditional barriers in providing access to finance for the poor.&nbsp;With 70 per cent of the Nepali households yet to be tapped into formal banking, the bank believes that improving access to sustainable financial resources is real and achievable.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<h3>
	<span style="font-size:12px;">Kumari Secure Mind Home Loan</span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;">Most Nepalis dream to have their own house, which comes for hefty prices and that explains why home loans from banks and financial Institutions (BFIs) are so popular.&nbsp;However, the concept of disaster preparedness simply does not exist in the country where people don't do things until they are cornered in a crisis. Most people investing to buy houses are yet to realise the importance of insuring their houses. With this in the backdrop, a memorandum of understanding (MOU) was signed between KBL and Shikhar Insurance Company Ltd for Kumari Secure Mind Home Loan on 1 August 2011.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">The agreement signed by Radhesh Pant, CEO of KBL and Dip Prakash Panday, CEO of Shikhar Insurance Company promises to work as a milestone for the entire financial services sector in days to come. We want to secure the home loans that people borrow. This scheme will ensure that the family does not suffer in the event of an untoward incident affecting the primary borrower, reasons Pant. The product is a long term credit to consumers for the construction of house for both individuals and developers.&nbsp;It covers purchase of ready house or apartment, renovation or extension of house or apartment, and refinancing of immovable private property that are already financed by BFIs and secured by a registered mortgage.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">At times, the borrowers face various challenges in being able to pay back the loan. If the payment is made, the banks do not have any risk. Kumari Secure Mind Home Loan was launched to minimise the risks to both banks and clients in the event of non-repayment of loans by borrowers due to circumstances beyond their control such as critical illness, accidental death or permanent total disability and temporary loss of employment. All the existing customers of Kumari's Home Loan are eligible for the product and can avail this service from the retail unit of the bank. Basically, a partner product from Shikhar Insurance, the scheme is available only for Kumari's Home Loan subscribers.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">Being the first one to launch such a product, the bank is confident of doing well but realises that its success will take due time. The bank knows that advocacy is the most important aspect of the scheme and has educated and trained its staff accordingly throughout the country. The idea is to have employees operating customer service and teller counters to disseminate the message to patrons visiting KBL branches. It also expects that a certain amount of exposure can be ensured through the media as well. Pant signs off on an optimistic note saying, â€œI know that people are not forthcoming about insuring their houses but this can change. We, at Kumari are very positive that the product will provide food for thought to investors deciding to secure their home loans.</span></div>',
			'published' => true,
			'created' => '2011-10-11',
			'modified' => '2012-10-04',
			'keywords' => '',
			'description' => 'Ever since it came into existence over a decade ago, Kumari Bank Limited (KBL) has been at the forefront of innovations such as SMS Banking, Auto Sweep and Internet Banking.',
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	(int) 12 => array(
		'Article' => array(
			'id' => '435',
			'article_category_id' => '39',
			'title' => 'R K Associates: Aiming High - August 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="text-indent: 0in;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><img align="left" alt="corporate focus" border="1" height="202" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/cor.jpg" style="margin: 10px; padding: 10px;" vspace="10" width="350" />The business journey of R K Associates dates back to 1978 when Dr Rajesh Kazi Shrestha, an energetic, young and pro-active entrepreneur established Rajesh Concern with the objective of focusing on hospitality and trading business. It imported various kinds of goods from around the world and helped promote Nepal to strengthen its trade relations with many countries.<br />
	<br />
	Today, R K Associates has diversified manifold and has stakes in every business segment. With its over three decades of experience in trading and services sectors, it manages various assignments and projects in automobiles, banking, insurance, information technology, flooring, medical equipment and supplies, fast moving consumer goods and many more. The group is behind the presence of many leading household, home decor and high-end products in the market. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The group is now among the most trusted names in Nepal and has forged, nurtured and maintained global alliances over the last 33 years. Its founder Dr Shrestha was honoured by International Journal of Non-Aligned Countries and Foreign Policy Research Institute (FPRI), New Delhi, with an honorary PhD in February 2010. He says, I attribute our growth to the deep understanding of local markets, people and customs </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">It currently has a turnover of USD 20 million. It&nbsp;has contributed to the national economy and promoted infrastructural and entrepreneurial capability of Nepal. It is closely associated with prestigious domestic and international federations and associations. A former Assistant Minister of Industry, Commerce and Supplies, Dr Shrestha holds several prestigious positions. He is Chairman of Nepal-China Chamber of Commerce &amp; Industry and International Chamber of Commerce, Nepal. He is also a Past President of Nepal Chamber of Commerce. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Group Mission</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The group looks at integrating dealers, distributors, retailers, suppliers and joint venture partners into the R K Associates family. It is currently focusing on branding of its products and consolidating them in the market. It is looking forward to NADA (Nepal Automobiles Dealers Association) Expo in September 2011 for showcasing different vehicles from its stable. Dr Shrestha says, Through our hard work, we want to reach as high as possible and prove our worth in the market. The group also plans to help orphanages and sponsor underprivileged students as part of its CSR (corporate social responsibility) activities. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Human Resource</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">R K Associates aims to recruit, develop, motivate and retain the best talents within the country and provide them a challenging and demanding environment. It fosters a strong emotive feeling of oneness and ownership among the employees within the company. The group aspires to transform into a model corporate institution and make its employees proud to be part of the group. It provides employment to close to 250 people out of which 38 people work for Constant Business Group alone.</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Management Style</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Dr Shrestha believes in giving employees the liberty and opportunity to prove themselves. He says, Instead of me telling them what to do, they should come and update me on the latest information. He says he is most happy working as the link and let his employees do all the work. He goes to great lengths to ensure that the employees feel at home and treat the group as their own. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">He strongly feels that political stability and government's economic policies are key to nation's prospects. We are going through the most difficult phase now. If the government policies are good, I am sure businesses will prosper and generate employment for hundreds of thousands of youth who are leaving the country due to lack of opportunities. Dr Shrestha believes that the government would do better if it consults the private sector before taking decisions or implementing them, in the larger interest of the nation. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div>
	<span style="font-size: 14px;"><span style="line-height: 115%;">He says it is the government's duty to reduce taxes on automobiles so that the industry is saved from a certain collapse. He also recommends that the government should focus on phasing out the vehicles that are over 20 years old. The government's policies have had an adverse impact on the industry as it has experienced a huge market slump. This has obviously resulted in reduced revenue for the government, he says. </span></span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; vertical-align: middle;">
	<span style="font-size: 14px;">SWOT Analysis</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Strengths</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp; Teamwork among partners</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Hard-working staff</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Honesty</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp; Trust</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Weaknesses</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">Inability to penetrate the market</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">Lack of aggression</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Opportunities</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">Possibility of a favourable government policy</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Threats</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">Over import by all vehicle distributors</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="line-height: 115%; color: black;">More supply than demand</span></span></li>
</ul>
<div>
	<span style="font-size: 14px;"><br />
	</span></div>
<div>
	<span style="font-size: 14px;"><br />
	</span></div>
<div>
	<span style="font-size: 14px;"><i>Sister Concerns</i></span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Constant Business Group Pvt Ltd</span></span></div>
<div>
	<span style="font-size: 14px;">Established in January 2007, this company distributes vehicles from China (Zotye, Lifan, Jonway, Grand Tiger and Lobo), Malaysia (Proton) and South Korea (Ssangyong). R K Associates was awarded the best distributor for Zotye in 2009. The company has sold over 300 units of Zotye so far out of which 75 units were sold in the last one year. Among other vehicle products, 50 units of Ssangyong have been sold, so far. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Nepal International Business Pvt Ltd</span></span></div>
<div>
	<span style="font-size: 14px;">A trading house established 17 years ago, it imports tower crane, film faced plywood, commercial plywood and hotel supplies. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Status Trading Pvt Ltd</span></span></div>
<div>
	<span style="font-size: 14px;">This trading house that started 3 years ago imports furnishing, flooring carpets, laminated flooring and PVC. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Alliance Insurance Company Ltd</span></span></div>
<div>
	<span style="font-size: 14px;">R K Associates is affiliated with this insurance company as a promoter which has Dr Shrestha on its Board of Directors. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Rajesh Concern</span></span></div>
<div>
	<span style="font-size: 14px;">It's the first entrepreneurial venture of R K Associates and imports food items, readymade garments, carpets, PVC etc. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Soaltee Hotel Limited</span></span></div>
<div>
	<span style="font-size: 14px;">Dr Shrestha features in the Board of Directors of Soaltee Hotel Limited.</span></div>',
			'published' => true,
			'created' => '2011-09-24',
			'modified' => '2012-10-04',
			'keywords' => '',
			'description' => 'The business journey of R K Associates dates back to 1978 when Dr Rajesh Kazi Shrestha, an energetic, young and pro-active entrepreneur established Rajesh.......',
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	(int) 13 => array(
		'Article' => array(
			'id' => '434',
			'article_category_id' => '39',
			'title' => 'Explore Asia Pacific: Satisfying Customers - August 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="margin-bottom: 0.0001pt; text-align: justify; line-height: 120%; vertical-align: middle;">
	<span style="font-size: 14px;"><b><span style="line-height: 120%;"><br />
	Neeraj Sharma</span></b></span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; line-height: 120%; vertical-align: middle;">
	<span style="font-size: 14px;"><span style="line-height: 120%;">Managing Director</span></span></div>
<div>
	<span style="font-size: 14px;"><span style="line-height: 115%;">Explore Asia Pacific Pvt Ltd</span></span></div>
<div style="text-align: justify; text-indent: 0in;">
	<span style="font-size: 14px;">Our ultimate objective is to become the number one in Solar and ICET distribution in Nepal.<br />
	<br />
	</span></div>
<div>
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; vertical-align: middle;">
	<span style="font-size: 14px;">Starting off as a distributor in 2009, Explore Asia Pacific Pvt Ltd has come a long way over the last two years. With its registered office in Narayanghat, it started with a small product basket. In mid-2010, it also ventured into the business of solar panels and desktop components from Simmtronics. Currently headquartered in Kathmandu, the company registered an annual turnover of Rs 120 million in 2010. Having gradually enhanced its product basket, it aims at a 300 percent growth in 2011. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Explore Asia Pacific is known for its ethical business practices and value-added approach which is solution-centric and vertically focused. Neeraj Sharma, Managing Director of the company, says, Our ultimate objective is to become the number one in Solar and ICET distribution in Nepal. It seems set to meet this objective as it already has a strong presence in the up-country regions and possesses management skills with proven controls and processes.</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The company claims it is fortunate to have dedicated partners as part of its organised distribution system. Sharma says, Along with the modern marketing and branding concepts, our knowledge and hold in the Nepali market has held us in good stead. It plans to invest in infrastructure and technology in the long term and aspires to establish sound performance in a short period of time, though of course, with a long term commitment. </span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Company Mission</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Explore Asia Pacific aims to have leading market shares for all products it deals with. It also envisions to have satisfied and loyal customers through value-added before and after sales services. Creating high recall brands is high on its agenda as it helps customers association by being reliable and trustworthy. Sharma says, We want to be the first choice as a distribution partner for both the vendor and the reseller by adding value to the supply chain through efficient logistics, high level of product knowledge, value-added marketing services and demand creation activities. The company is working hard to ensure wide and deep presence through an effective distribution system. It also wants to be able to create a profitable business proposition for all stake holders. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Brands and Products</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The company is proud to be associated with reputed and well known brands such as ADATA, Simmtronics, Genius, Panda, Jetway and Samsung among others. It deals in well-received products like classic pen drives, pen drives superior, Simtronics desktop, external HDD, memory card, monitors, graphics card, motherboard, RAM etc. Explore Asia Pacific also plans to launch its own brand and manufacture cabinets, PSUs, keyboards, speakers and headphones etc. The tremendous market potential has propelled us to think along these lines. Once the liquidity problem gets settled, the market situation will definitely receive a boost, Sharma reasons. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Human Resource</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The company boasts of having a strong human capital and talent pool. It has among the best talents in the industry with professionals from different sectors and proven experience levels. We perform best practices in place like in-depth induction programmes, in-house training, performance management systems and employee satisfaction surveys, informs Sharma. The strong sense of bonding that exists in the company has ensured a very low attrition rate. The company currently has a workforce of 18 employees at its corporate office and plans to increase it to 35 from the new fiscal year once it unveils its expansion plans. Sharma believes in dealing with his staff in an honest manner which has paid rich dividends as he has got positive results from them. He thinks that Ajay Sadewra joining Explore Asia Pacific as Director-Operation in March 2011 was a major turning point for the company's fortunes. Sadewra was earlier associated with Neoteric Nepal. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Immediate Plans</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Expanding with Explore Digital, an independent and retail chain, the company plans to open 10 retail outlets in the country. There will be four outlets at prime locations in Kathmandu alone. We will geographically divide channels for our 18 distributors beginning Shrawan, informs Sharma. The company plans to advertise its upcoming retail outlets in major national dailies as well as the distribution channels. Having established its credibility with the consumer segment, Explore Asia Pacific now wants to focus on the enterprise sector and spread its wings to cater to government organisations, NGOs and INGOs and Banking and Financial Institutions among others. The company that has already made its foray into the energy sector with solar equipment also plans to provide complete solutions from this fiscal year. It is slated to start production of solar items such as the lighting system which the company says holds a big potential in the market. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size: 14px;"><span style="line-height: 115%;">Sharma attributes Explore Asia Pacific's success to a number of factors including trust, profitability concern of the channel partners, adequate service mechanism and honesty. He adds, We have come this far because of our hard work, vision and market understanding. Among its competitors, Neoteric Nepal is doing well, he says. The company was awarded for good performance by ADATA during Computex held in Taipei earlier this year in June. It seeks to reach new heights demonstrating its value added services (VAS) through its envied network and ensuring price transparency, uniformity and dedicated service among others. </span></span></div>
<div>
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; vertical-align: middle;">
	<span style="font-size: 14px;">SWOT Analysis</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Strengths </span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Experienced Team</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Channel Strength</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Brand Image</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Product Range</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Technical Team</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Countrywide Presence</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Weaknesses</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Inability to incorporate MNCs</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Inadequate Product Basket</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Being a fairly new company</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Opportunities</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Unorganised ICT market</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Unprofessional Distribution Channels</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Marketing growth in various pockets</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Government embracing e-governance</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Financial sector growth</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Threats</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Unstable political scenario</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Unstable government</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="line-height: 115%; color: black;">&nbsp;&nbsp; Unethical price cutting<br />
		<br />
		</span></span></li>
</ul>',
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	(int) 14 => array(
		'Article' => array(
			'id' => '395',
			'article_category_id' => '39',
			'title' => 'Etihad Airways: Fly With The Best - July 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="margin-bottom: 0.0001pt; text-align: justify; vertical-align: middle;">
	<span style="font-size: 11.5pt;">E</span><span style="font-size: 9.5pt;">tihad Airways is the National Airline of the United Arab Emirates (UAE). It has established itself as the world's leading airline in less than eight years. The airline was set up by a Royal (Amiri) Decree in July 2003 with UAE's capital Abu Dhabi as its hub. It commenced commercial operations in November 2003 and has gone on to become the fastest growing airline in the history of commercial aviation. The airline's near-term focus is on breaking-even in 2011 and moving into sustainable profitability in the following year. Etihad began daily flights to Kathmandu, Nepal on 28 October 2007 and maintains its corporate office at Yak &amp; Yeti Office Complex in Durbarmarg. We are happy with our success here in a short span of time and hope to increase our flight frequency sometime later this year, says John Rees Evans, Etihad's Country Manager for Nepal. He adds, Nepal is primarily a labour oriented market but there is tremendous potential in the business and leisure traveller segments as well.</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; line-height: 11pt; vertical-align: middle;">
	<br />
	 </div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">It has partnered with Gokarna Forest Resort (golf) and Dwarika's Hotel (ancient cultural heritage) locally to entice travellers from the Middle East to&nbsp;spend quality time in Nepal. Etihad carries out its sales functions through affiliated travel agencies in Nepal and encourages them by acknowledging their contributions as well as providing them incentives. It also indulges in indirect marketing with popular brands such as Coca-Cola and Suzuki for brand enhancement. The popularity of Indian television channels certainly helps with its spill over advertising effect in Nepal Etihad's TV promotional has brand ambassador Katrina Kaif appearing in a dance sequence at the first class lounge. A number of airlines from the Middle East enjoy a strong presence in the Nepali market. Our competitors have been operating in the market for a longer period than us but we have our own niche market to cater to, Evans exudes confidence about holding his own with the competition.</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<br />
	 </div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Evans believes in treating people the way he wants to be treated himself. He has been in Nepal for nine months now and calls it a pleasant experience. The employees here in Kathmandu that works with me are surprisingly good and very enterprising people, He said. He lets people perform their best and believes in leading by example. He asserts that Etihad being a relatively new entity has its own advantages. We don't have the baggage like some other international airlines and enjoy reasonable freedom, he tells. Looking at growing the market, Evans is buoyant about the current legislation of own <span style="letter-spacing: 0.05pt;">handling at Tribhuvan International Airport (TIA). He is particularly positive about Nepal's only international airport beginning 24 hours operation anytime soon.<br />
	<br />
	<br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size: 9.5pt; line-height: 115%;">Etihad Nepal is working towards implementing fast track operations through its counters at TIA. As part of its endeavour, it has already established a separate counter for business travellers while checking-in at TIA. It also boasts of a shared executive lounge for business travellers operated by Hotel Radisson. We have plans to have chefs on board flights to cater to personal taste of our travellers, Evans states. The airline also provides attractive packages for Kathmandu flights by announcing news tariffs which are aimed at improving passenger satisfaction levels and contributing towards Nepal's tourism sector.</span></div>
<div style="margin-top: 0.15in; text-align: justify;">
	Etihad Airways-Nepal factsheet</div>
<div style="margin: 5.55pt 0in 0.0001pt 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">Flight Details:&nbsp;&nbsp;&nbsp;&nbsp; Kathmandu (KTM) Abu Dhabi (AUH)</span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 days a week</span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mon, Wed, Sat&nbsp; 5:30 pm and </span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sun, Tue, Thu, Fri&nbsp; 9:15 pm</span></div>
<div style="margin: 5.55pt 0in 0.0001pt 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">Aircraft Model: &nbsp;Airbus A330-200 / A320 </span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (as per availability)</span></div>
<div style="margin: 5.55pt 0in 0.0001pt 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">Employees:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 employees at the Corporate Office</span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 Ground Staff at TIA</span></div>
<div style="text-align: justify;">
	<br />
	 </div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-indent: -11pt; vertical-align: middle; text-align: justify;">
	<span style="font-size: 11.5pt;">SWOT Analysis</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Strengths:</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Motivated employees </span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Strong product and service</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Can Do approach</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Good connectivity through the busy Abu Dhabi hub</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Weaknesses:</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Comparatively a new entrant</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Opportunities:</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Building density into the network</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Optimising the fleet and its utilisation</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Reaching profitability</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Planning for growth</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Continuing to innovate</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Threats:</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Frequent strikes</span></div>
<div style="text-align: justify;">
	<span style="font-size: 9.5pt; line-height: 115%; color: black;">&nbsp;&nbsp; Security issues<br />
	<br />
	<br />
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			'published' => true,
			'created' => '2011-09-01',
			'modified' => '2012-10-04',
			'keywords' => '',
			'description' => 'Etihad Airways is the National Airline of the United Arab Emirates (UAE). It has established itself as the world's leading airline in less than eight years. The airline was set up by a Royal.....',
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]Code Context  //  $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';



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<p class="MsoNormal">
	<span style="font-size:14px;"><span class="A1"><span style="line-height: 115%; font-family: ">Corporate Focus</span></span></span></p>
<p>
	“We consider three things in the present scenario — People to People, Business to Business and Government to Government<br />
	relationship.”<br />
	<br />
	<br />
	<img alt="chanto" border="1" height="246" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/strinlta.jpg" vspace="10" width="186" /><br />
	CHANTOUCH SRINILTA<br />
	GENERAL MANAGER NEPAL &amp; BHUTAN<br />
	Thai Airways International Public Co Ltd</p>
<p class="MsoNormal">
	 </p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: black;">45 Years of Flight Over Himalayas<br />
	<br />
	<img alt="corporatefocus" border="1" height="303" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporatefocus(2).jpg" vspace="10" width="450" /><br />
	</span></span></p>
<p class="Pa26">
	<span style="font-size:14px;"><span style="color: black;">“We consider three things in the present scenario — People to People, Business to Business and Government to Government relationship.” </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp; <br />
	</span></p>
<p class="Pa0">
	<span style="font-size:14px;"><span class="A0">CHANTOUCH SRINILTA GENERAL MANAGER NEPAL &amp; BHUTAN <br />
	<br />
	<br />
	</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span class="A0"><span style="line-height: 115%; font-family: ">Thai Airways International Public Co Ltd</span></span></span></p>
<p class="Pa7" style="text-align:justify">
	<span style="font-size:14px;"><span class="A4">T</span><span style="color: black;">hai Airways International Public Company Limited, the national flag carrier of the Kingdom of Thailand, has achieved an unprecedented height in Nepal. A glorious history of complete 45 years of operation itself speaks volumes. </span></span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">It was in 1968 that Thai’s 72-seater French-built Caravelle SE210 aircraft landed at the Tribhuvan International Airport (TIA). According to Thai Airway’s General Manager for Nepal and Bhutan, Chantouch Srinilta, the long journey of Thai Airways is full of ups and downs. “Many international airlines have come and gone after Nepal Government adopted a liberal sky policy, but Thai has survived, tackling all the challenges, and tackling them pretty well,” says Srinilta.</span> <br />
	</span></p>
<p class="Pa8" style="text-align:justify">
	<span style="font-size:14px;"><span style="color: black;">The Airways was founded in 1960 as a joint venture of Thailand’s domestic carrier, Thai Airways Company (TAC), and the Scandinavian Airlines System (SAS). In 1960, flights were inaugurated from Bangkok to nine overseas Asian destinations. The airline launched its intercontinental services in 1971, first to Australia, followed by flights to Europe in 1972, and to North America in 1980. <br />
	<br />
	<img alt="corpratefocus" border="1" height="338" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporatefocus88.jpg" vspace="10" width="500" /><br />
	</span></span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">Thai Airways operates domestic, regional and intercontinental flights from its home base in Bangkok to the key destinations around the world and within Thailand. Thai airways has had a market in Nepal, for over four decades and the Nepali market has allowed them be more mature. For Thai, every moment is a turning point, as the global airlines have been pacing up rapidly. Thai takes pride in the fact that they have unlocked Nepal as a new tourism destination for the world shares the GM. They were the first airline to operate jet service from Kathmandu. It was indeed a memorable moment to cherish in Nepal’s aviation history. In addition, Thai also introduced the first computerized reservation system in Kathmandu in February 1985 and provided this service to its leading travel agents since 1990. The Royal Orchid Lounge at the TIA used to be the only lounge operated by Thai in the 1990s.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">“We consider three things in the present scenario — People to People, Business to Business and Government to Government relationship,” Srinilta says. Maintaining a long-term relation between Nepal and Thai Airways is a top priority for the latter. In the people to people scenario, Thai people have a religious connection to Nepali people as 95 per cent of the Thai population is Buddhist and Nepal is the birth place of Lord Buddha.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">In term of Business to Business, Nepali airlines are also landing in Thailand. Here, in Nepal we have been landing since long time back and we have also kept in mind that times are changing, shares the GM. “There is huge potential for the national flag carrier of Nepal if they regain their reputation from glory days” says GM. “Government plays a role in elevating the standard by not only to directing, but also educating the airlines about how the rest of the world is working at their best. So, if we work together we can grow much,” Srinalta says.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">For a sound relation between both the nations, Thai Airways wants to create a good linkage between Nepal and Thailand. Nepal being a land blessed with mountains that are more than 8,000 meters tall airlines are reliable means to bring in more tourists and Thai Airways is doing its best to increase the figure. Thai Airways further believes that the tourists they bring here in Nepal choose tourism activities over just strolling around Thamel.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">In terms of Corporate Social Responsibility (CSR), Thai organizes blood donation programme on every 31st July. Battling with the challenges lying ahead, Thai also strives to keep the goodwill image of the company intact. It might seem that the cost allocation of air ticket and packages are high, but the quality that they have not compromised justifies the cost. Thai Airways has kept in mind that a good air business also leads to healthy revenue. Thai believes that offering proceeds for CSR will strengthen the Company’s financial status and support its business expansion projects. It also believes that products and service improvement will elevate THAI to a consistent rank of top three airlines in Asia and top five in the world.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">Recently, Thai Airways announced special offers including promotional fare marking its 44th year of successful operation in Nepal. In the auspicious occasion the airlines announced free excess baggage for students, and businessmen traveling to Australia and China and free hotel service in Bangkok for destinations like Hong Kong. Similarly, the airlines announced free excess baggage up to 10kg for Nepali students traveling to Australia. Also, targeting Nepali travelers Thai airways unveiled special SOTO (tickets sold outside the country of departure) fare for Japan and special labor fares to Kuala Lumpur. The company also encourages its human resources to acquire new skills and attain international standards of professionalism. Thai Airways contributes to the advancement of all types of technology related to the world’s commercial aviation industry.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">Thailand Tourism Authority and Royal Thai Embassy say that the number of Nepali travelers going to Thailand had increased significantly in recent years. Around 31,000 Nepalis visited Thailand in 2011, out of which 25.5 percent travelled for holiday and 41 percent for seminar. Thai also handed over a memorial park situated in Kakani to the local community and is providing fund regularly for its maintenance and development.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">At present if offers flights to more than 70 destinations in 34 countries with a fleet of 99 aircrafts. According to the GM, The Thai airways have same investment every year and they are seriously concerned about the return. They also have good marketing strategies and are looking forward to sustain in this market in coming years. They are willing to invite more people to come and visit Nepal and enjoy time here. For this Thai is expecting Tourism authorities of Nepal to offer more packages. “If Nepal Tourism Board also is ready to cooperate we can contribute further to tourism”, Srinilta believes. Thai also has three latest model of Airbus and they are starting business on different parts of world.</span><br />
	<br />
	<img alt="corporatefocus" border="1" height="340" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/thai.jpg" vspace="10" width="500" /><br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">“As a mature airways, we are striving our best not to compromise in our fleet size and service standards,” shares Srinilta. So, to catch up in the burgeoning market demand in Nepal, they have a strategy of adjusting the number of flights as per market demand. In the beginning, Thai operated a once a week flight between Bangkok and Kathmandu and soon after that, one more flight was added to cope with the high demand of passengers. Thai started daily flights with A300-600 aircraft since the end of October 1997. In the context of growing demand of air seats to/from Nepal, they added three more flights in 2008. Based on the request of different tourism related associations like NATTA, PATA, HAN and NTB, they began to run 10 flights per week. Now Thai has seven flights a week with a configuration of 30 business class and 279 economy class seats.</span> <br />
	</span></p>
<p class="Pa8" style="text-align:justify">
	<span style="font-size:14px;"><span style="color: black;">Thai Airways has also played a good role in providing service to the outbound Nepali Tourist. In Srinilta’s words, the airlines is assisting Nepal in worldwide promotion as a major tourist destination through various media like in-flight magazine “Sawadee” and Royal Orchid Holiday Packages tours. Thai have joined hands with the Tourism Authority of Thailand by frequently organizing different events like Trade Fairs, Educational/ Medical fairs, familiarization trips for agents and media, Thai Food festivals, Thai Puppet shows etc. <br />
	</span></span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">They have also offered attractive packages and special fares for students and leisure travelers. It was in the “Visit Nepal Year 1998” and during the “Nepal Tourism Year 2011”. Thai spread good word all over to promote Nepal They have joined hands with the organizers of Asian Mountain Bike championship in 2008 by offering special fares to the participants all around the world. They have own handling service in Nepal with own operational, ground handling and administrative staff directly under the Thai set up of course.</span> <br />
	</span></p>
<p class="Default">
	<span style="font-size:14px;"><span style="color: black;">Srinilta further adds Thai can do a lot if the Nepal Tourism Board and other government bodies of Nepal also provide lucrative packages to further boost the Tourism of both countries. Though Thai Airways doesn’t fully keep the Labour Traffic as a first priority, it is also a part of the business. Since the very beginning, they have had different segments of traffic like the royalties, frequent flyers, government officials, diplomats, expats, students and the tourists.</span><br />
	</span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: black;">However, the persisting bandhs, political instability, lackluster government policies create hurdles for a smooth run. So, there is a long way to go for Thai Airways in Nepal and for that the hurdles in the paths should be cleared.</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: black;">&nbsp;</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><b style="mso-bidi-font-weight:normal"><span style="line-height: 115%; color: black;">Swot Analysis</span></b></span></p>
<p class="Pa31" style="margin-top:11.0pt;margin-right:0in;margin-bottom:0in;
margin-left:9.0pt;margin-bottom:.0001pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span class="A16">STRENGTHS </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Thai brings quality tourist. </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Thai have strong position in global market. </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Aware about the nation and society in environmental conservation. </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Run the business on the basis of fair competition. </span></span></p>
<p class="Pa31" style="margin-top:11.0pt;margin-right:0in;margin-bottom:0in;
margin-left:9.0pt;margin-bottom:.0001pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span class="A16">WEAKNESS </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- More work is yet to be done to seek for the reasons why people don’t fly in Thai Airways. </span></span></p>
<p class="Pa31" style="margin-top:11.0pt;margin-right:0in;margin-bottom:0in;
margin-left:9.0pt;margin-bottom:.0001pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span class="A16">OPPORTUNITIES </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- More exploration in Nepali market. </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Nepal is a lucrative tourism destination. </span></span></p>
<p class="Pa31" style="margin-top:11.0pt;margin-right:0in;margin-bottom:0in;
margin-left:9.0pt;margin-bottom:.0001pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span class="A16">THREATS </span></span></p>
<p class="Pa32" style="margin-left:9.0pt;text-indent:-9.0pt">
	<span style="font-size:14px;"><span style="color: black;">- Never-ending Bandh. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: black;">- Airlines market hasn’t flourish on a high rate.</span></span></p>
<p class="MsoNormal">
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<p class="Pa1">
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<![endif]-->	<span style="font-size:14px;"><span style="font-family: ">“The products we offer and our size have made us different from others. Our interest rates are almost equal to that of the commercial banks.” </span></span></p>
<p>
	 </p>
<p class="Default">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp;<img alt="ashok" border="1" height="268" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/ashok.jpg" vspace="10" width="200" /></span></span></p>
<p class="Pa1">
	<span style="font-size:14px;"><span class="A4"><span style="font-family: ">ASHOK SHERCHAN CEO </span></span></span></p>
<p class="Pa1">
	<span style="font-size:14px;"><span class="A4"><span style="font-family: ">Prabhu Finance Company Limited</span></span></span></p>
<p class="Pa9">
	<span style="font-size:14px;"><span style="font-family: "><br />
	</span><span class="A15"><span style="font-family: ">T</span></span><span color:="" style="font-family: ">he proverb ‘A rolling stone gathers no moss’ matches the credentials of Prabhu Finance Company Limited (PFCL). Within six years of operation, the company has succeeded in holding five per cent market share among 90 finance companies operating in the market. Ashok Sherchan, CEO at PFCL, says, “Our services are the same if compared to other banks and finance companies. The products we offer and our size, however, have made us different from them. Our rate of interest is almost equal to that of the commercial banks for deposits as well as lending.” </span></span></p>
<p>
	<span style="font-size:14px;"><span color:="" style="font-family: ">Established in February 2006, the company – a part of Prabhu Group of Companies – has been categorized as ‘C’ class financial institution by Nepal Rastra Bank. PFCL constitutes around 10 per cent share in total remittance excluding the contribution made by its money transfer agency Prabhu Money Transfer. Seventy per cent share of the company is owned by the promoters while 30 per cent shares are held by public shareholders. The company has approximately Rs 7.5 billion in deposit while having a lending portfolioer of around Rs four billion. According to Sherchan, with a strong presence in lending, the company can now invest millions of rupees even on individuals. </span></span><span style="font-size:14px;"> </span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">&nbsp;<img alt="" border="1" height="297" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporatefocus.jpg" vspace="10" width="500" /><br />
	<br />
	<br />
	PFCL targets to work for various groups of people, from business people to individuals at the grass root level. It has special plans to bring underprivileged people into the banking sector that are unable to or hesitate to seek service from commercial banks. The bank is also directly linked to the customers via its remittance business. Sherchan says, “We try to provide loan to everyone and deal with every case equally and positively to make our customers feel at home.” </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp;</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp;</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span color:="" style="font-family: ">Success Mantras </span></span></strong></p>
<p class="Pa10">
	<strong><span style="font-size:14px;"><span style="font-family: ">&nbsp;</span></span></strong><br />
	<span style="font-size:14px;"><span color:="" style="font-family: ">Besides a Paid-Up capital of Rs 469.2 million, the company has also seen growth in terms of deposit, branch network and loans. The company owes its success to the policy of expanding its branches aggressively in 2007, points out Sherchan. The company now has 37 branches and 150,000 direct account holders all over the country. It targets to expand its number of branches to 41 by the end of current fiscal year, informed Sherchan. </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">Sherchan says, “Although we are a finance company, our ability to expand on number of branches has made us successful.” The company has a mission of encouraging banking habit among the remittance receiving population. When asked about other reasons behind the company’s success, Sherchan points out three things: dedication, dreams and positive attitude. </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">&nbsp;The dedicated staff have also contributed towards uplifting the status of the company. Sherchan shares, “We have more than 300 employees in Nepal and foreign countries who give their best.” PFCL trains its employees every month and carries out trainings in different countries to enhance their skills. He says, “There is so much to learn in trainings. Because of our portfolio and working system, employees can learn more about the entire banking process like in commercial banks.” </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">&nbsp;The bank is developing the ‘customer first’ culture as one of its business strategies. It is strengthening internal management mechanisms and also making them more customer-oriented. The company is also focused on the customers from remittance business and regularly visits the targeted customers to lure them with different products. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp; <br />
	<img alt="quatarly" border="1" height="287" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/quartaly.jpg" vspace="10" width="261" /><br />
	<br />
	</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span color:="" style="font-family: ">Products </span></span></strong></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: "><br />
	The bank is prepared to work for different groups of people and it reflects in the various products the company has in its portfolio. There are altogether eight deposit accounts including Mamata Bachat Khata for Children, Bharosha Bhachat Khata for aged people and Sangini Bachat Khata for women, available with attractive interest rates. The bank also provides home loan, education loan and foreign employment loans among a host of many other loans. The company also facilitates loans such as margin loan, consortium loan, personal loan, bank guarantees, bills purchase and working capital loan. </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">Unlike other finance companies, PFCL provides Loans against Share, Gold or fixed deposit. It also provides banking facilities round-the-year with internet and debit card facilities. Besides, there are loans for those opting to start a small business or industry. Sherchan says, “As long as they meet our criteria, we provide loans to each and every individual that approach us. We open account for remittance receivers for a token amount of Rs 51.” PFCL also provides services such as e-banking, SMS banking, SCT debit cards, ABBS facilities and fund transfer for clearing and collection services. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp;<img alt="" border="1" height="446" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/swot.jpg" vspace="10" width="271" /></span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span color:="" style="font-family: ">Investment </span></span></strong></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">The expansion of the company in terms of its branches has increased the company’s access to all kinds of sectors in remote as well as urban areas. PFCL has invested in small to big budget projects all around the country. Sherchan says, “We have invested in most sectors in Nepal which includes big budget hydropower projects.” </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">PFCL has immediate plans to invest in agro business. It has already invested Rs 10 million in Kalaiya this year for small farmers involved in sugarcane cultivation. For another project, the company has distributed cows in five districts to the farmers in collaboration with Dairy Development Corporation. The two projects cost Rs 50 million in total and the investments have brought about positive results and have inspired the company to invest more in the agro sector, says Sherchan. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="font-family: ">&nbsp;</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span color:="" style="font-family: ">CSR Activities </span></span></strong></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">PFCL has supported literary programs as part of its corporate social responsibility (CSR) activities. The company is also providing scholarship to four underprivileged students from Burtibang in Baglung district to study intermediate level. In Kathmandu too, two students are studying management on a scholarship provided by the company. PFCL also helps one handicapped student from Myagdi. </span></span></p>
<p class="Pa10">
	<span style="font-size:14px;"><span color:="" style="font-family: ">&nbsp;The company is in the process of becoming a development bank and this promises to benefit the company as finance companies have many limitations when compared to the development banks. Sherchan shares, “There would be no limitation for us once we become a development bank as we can then work aggressively.” </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span color:="" style="line-height: 115%; font-family: ">The current political situation of the country does not augur well for the economy at large, feels Sherchan. </span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span color:="" style="line-height: 115%; font-family: ">&nbsp;He shares, “There is no demand for fresh loans and we do not have new industries or entrepreneurs coming up. Industrialists are either running away or surviving on the existing industries.” PFCL is trying to increase its contribution in the remittance business and finding various other sectors for investment to deal with the situation.</span></span></p>
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	<strong><span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;
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	Newcomers <br />
	<br />
	<br />
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mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>TULSI RAM GAUTAM</strong> has been appointed Machhapuchchhre Bank Ltd as CEO. Earlier, he was General Manager of Credit Department at Nepal SBI Bank Limited<br />
	<br />
	<br />
	<img alt="" border="1" height="143" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/SATISH-NEUPANE.gif" vspace="10" width="117" />. </span></p>
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mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>SATISH NEUPANE</strong> has joined Trade Tower Business Center as Managing Director. Earlier, he was Director at Arun Valley Hydropower Company Ltd.</span> <br />
	<br />
	<br />
	<img alt="" border="1" height="134" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/SUNIL-KHANAL.gif" vspace="10" width="108" /><br />
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mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>SUNIL KHANAL</strong> has joined Trade Tower Business Center as Conference &amp; Event Manager. Earlier, he was F &amp; B Manager at Crowne Plaza Hotel, Dundalk, Ireland.</span> <br />
	<br />
	<br />
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><img alt="" border="1" height="157" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/PADAM-RAJ-SHRESTHA.gif" vspace="10" width="126" /></span></p>
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	&nbsp; </p>
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	<strong><span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#D8171F">Newcomers at Sunny Distillery </span></strong></p>
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	<span style="font-size:10.0pt;
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	<span style="font-size:10.0pt;
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mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>GOVINDA SHRESTHA</strong> has joined the distillery as Senior Sales Officer. Earlier, he was Area In-charge at United Spirits Nepal Pvt Ltd. </span></p>
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	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>LUV DHOJ KC </strong>has joined the distillery as Senior Sales Officer. Earlier, he was Area In-charge at United Spirits Nepal Pvt Ltd. </span></p>
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	<strong><br />
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<p class="Pa18">
	<strong><span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#D8171F">Transfers at Prabhu Finance </span></strong></p>
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<p class="MsoNormal">
	<strong><span style="font-size:10.0pt;line-height:115%;mso-bidi-font-family:
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<p class="Pa18">
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color:#D8171F">Promotions at Sunrise Bank <br />
	<br />
	<img alt="" border="1" height="148" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/ROBIN-NEPAL.gif" vspace="10" width="120" /><br />
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	<br />
	<br />
	<img alt="" border="1" height="146" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/MANOJ-NEUPANE.gif" vspace="10" width="119" /><br />
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	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E"><strong>MANOJ NEUPANE</strong> has been promoted as Manager, Head – Corporate Banking Department. Earlier, he was Deputy Manager at the bank. </span></p>
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	&nbsp;</p>
<p class="Pa18">
	<strong><span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#D8171F">Promotions at International Money Express (IME) </span></strong></p>
<p class="Pa17" style="margin-top:5.0pt">
	<strong>&nbsp;</strong><br />
	<br />
	<img alt="" border="1" height="146" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/BISHAM-POKHAREL.gif" vspace="10" width="119" /><br />
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	<br />
	<img alt="" border="1" height="122" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/RAJU-PAUDEL.gif" vspace="10" width="99" /><br />
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	<br />
	<br />
	<br />
	<img alt="" border="1" height="140" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/RAJU-BAHADUR-KC.gif" vspace="10" width="113" /><br />
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	<br />
	<br />
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<p class="MsoNormal">
	<span style="font-size:14px;"><strong><span class="A1"><span style="line-height: 115%; font-family: ">Corporate Focus</span></span></strong></span></p>
<p class="MsoNormal">
	 </p>
<p class="Pa9">
	<strong><span style="font-size:14px;"><span class="A30">The Last Resort </span></span></strong></p>
<p class="MsoNormal">
	<strong><span style="font-size:14px;"><span class="A32"><span style="line-height: 115%; font-family: ">A Perfect Adventure Destination</span></span></span></strong></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span class="A32"><span style="line-height: 115%; font-family: ">&nbsp;<img alt="corpoate focus" border="1" height="181" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporate-focus.jpg" vspace="10" width="338" /></span></span></span></p>
<p class="Pa7">
	<span style="font-size:14px;"><span class="A4">T</span><span style="color: rgb(34, 30, 31);">he Last Resort is not only an ultimate destination for Nepali daredevils but also for adventure seekers trekking across the world in a quest for thrills. The resort, lying peacefully 100 kilometres north-east of Kathmandu has become the ultimate destination for those seeking thrills of a bungee jump and various other adventure possibilities the resort offers. <br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa8" style="text-indent:14.0pt">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Since its establishment 14 years ago, thousands of adventure lovers have flocked to the resort to calm their adrenaline pumps. The resort was established by David H Alladice and Bishnu H Neupane in 1998 October. The resort primarily established with an aim to promote adventure activities with Bungy Nepal has now expanded to numerous activities like Canyon Swing, High Ropes, Canyoning, Mountain Biking and Rafting. <br style="mso-special-character:line-break" />
	<br />
	<br />
	The Last Resort in Sindhupalchowk district, a three-and-a-half hour’s drive from Kathmandu is not a haven for adventure seekers only. The resort is also a perfect getaway for relaxation and experiencing serene nature, away from the bustling city crowds and stressful weekdays. To address non-daredevils, the resort offers various packages like “relax at the resort for one night” at the price tag of Rs 3,500. Similarly, “relax and massage package” of one night costs Rs 5,000 per person. The resort has 25 tents that can accommodate 64 persons at once that ensure quiet and peaceful stay in an exotic setting. Services like massage, sauna and plunge pool in a peaceful environment help the relaxation of body and mind. Surrounding area also hosts numerous possibilities for hiking and brief strolling to enjoy the picturesque hills and roaring river deep into the gorge. <br />
	<br />
	So, The Last Resort is absolutely not for adventurous souls only. The resort located across the Bhotekoshi River linked with a suspension bridge from the Araniko Highway receives tourists and visitors round the year. Prakash Pradhan, Resort Manager and Bungy Master says being located near to the Tibetan border, tourists visiting the surrounding hills for hiking, biking and other activities also visit the resort to quench their thirst for ultimate adventure. The resort on top of a green river gorge is 10 kilometres from Tatopani, Tibetan border and 12 kilometres from Barhabise of Sindhupalchowk. <br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa8">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">The resort does not need a special season to welcome its guests. The resort is visited round the year by Nepali and foreign visitors. However, it welcomes higher number of foreign tourists during the peak tourist season - September to November. Thakur Rimal, Assistant Resort Manager, says, “March to May and September to November is the season while rest of the year is off-season. Even in the off-season, the resort does reasonably well due to its many activities.” <br />
	<br />
	<img alt="last resort" border="1" height="217" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporate-focus1.jpg" vspace="10" width="483" /><br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Bungy Nepal <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="Pa8" style="text-indent:14.0pt">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Bungy Nepal at The Last Resort is ranked second on Asia’s five highest bungee jumps by CNNGo. It is also listed as one of the best bungee jumps around the world by numerous media. It is the second highest jump in Asia. Probably it is the most spectacular jump on the planet. Jumping off a 160 metre high bridge into the gorge of Bhotekoshi River is definitely one of the most thrilling acts to try. It is as exciting and fun as scary as it looks. After taking a leap from the 160 metre high bridge, the sense of intense thrill takes over the fear and leaves the jumper longing for never ending free fall instead of what Bungy Nepal offers – 3.5 seconds. As bungee instructors at the resort say, the jump is definitely, “Walking like a penguin and flying like a bird.” </span><span style="color: rgb(34, 30, 31);">To try the bungee jump, one must be at least 40 kg to 110 kg and 18 years and older or have consent from parents in case of a minor. The bungee begins between 11 to 11:30 am and continues usually till 4 pm. The sales office at Thamel takes 40 bookings at most but rest can be availed on-site bookings at the resort. A bus of the resort leaves Thamel at 6 am every day (6 days during the high season – Monday off, and 4 days during the off season). <br style="mso-special-character:line-break" />
	<br />
	</span></span><strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Canyon Swing </span></span></strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);"><br />
	<br />
	Canyon Swing is definitely not a kid’s swing. The Canyon Swing at The Last Resort is the world’s highest giant and ultimate swing – jumping off a 160 metres high bridge, experiencing free fall of 100 metre for seven seconds before the twin lines swing you at 150 km per hour. The company claims it is the highest in the world. The weight limit for swing is 120 kg. The swing day trip to the resort costs Rs 4,000 per person while the swing only costs Rs 3,200. <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">High Ropes <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="Pa8" style="text-indent:14.0pt">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">High Ropes is a fun filled activity at The Last Resort that can be enjoyed with family and friends. The thrilling and fun filled activity releases stress and boosts the team work. This adventure sports has various mini activities like ladders, wobbly bridges, walk ways, cargo nets, abseils and zip lines. Hillary Steps, Nepali Taxi and Bagmati River Crossing are few of the obstacles that will make anyone’s adrenaline pump. High Ropes comes with a price tag of Rs 3,500 for a day trip, Relax and High Ropes (1 night/1day) at Rs 5,800 and High ropes only at Rs 3,000. <br />
	<br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Pa14" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Hidden Canyons <br />
	</span></span></strong></p>
<p class="Pa8">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Canyoning at The Last Resort is not only about exploring hidden places in the Himalayas but also finding out the adventurer within oneself. The resort offers a variety of canyons from exploratory walks to some of Nepal’s most extreme environments, says the company. The guides of the resort will lead you to abseiling, jumping and sliding down steep canyon walls and waterfalls to deep pools below. It is just another adventurous way to release the tension and get adrenaline high in the blood. <br style="mso-special-character:line-break" />
	</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">The resort is spread over an area of around 18 ropanis. The land was bought from a local Guthi and around half the land is acquired by the resort from local villagers around the resort. Situated right next to a village, the resort has given back to the locality in various ways. The suspension bridge that holds the platform for bungee jumping and swing was built by the resort. The bridge not only offers the option to jump off it but also the convenient way for locals to connect to the highway. According to Pradhan, before the bridge was built by the resort, locals had to walk three hours to cross the Bhotekoshi River and reach the other side via a bridge closest to the village.<br />
	<br />
	&nbsp;Similarly, out of 68 employees, 48 are working at the resort and around 90 percent of them are locals, says Pradhan. He adds, “As part of our CSR initiatives, we help the local communities in the two VDCs of Marming and Listi Kot. We contribute Rs 400,000 each per year to the two VDCs for education, health and village development.” According to the resort, a fixed amount of every activity is spent on development of the local infrastructure and to support local projects.</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">&nbsp;</span></span></p>
<p class="Pa31" style="margin-top:8.0pt">
	<strong><span style="font-size:14px;"><span class="A16">WHERE: <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="Pa18">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Panlang-5, Sindhupalchowk district, on the Araniko highway, across the Bhotekoshi River from Marming-8, Sindhupalchowk </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;</span></p>
<p class="Pa31" style="margin-top:8.0pt">
	<span style="font-size:14px;"><strong><span class="A16">HOW TO REACH: <br />
	<br />
	</span></strong><span style="color: rgb(34, 30, 31);">100 kms from Kathmandu (approximately 3 </span><span color:="" style="font-family: ">½ </span><span style="color: rgb(34, 30, 31);">hrs drive), 14 kms from the Tibetan border. One can go by private transport, however, the resort also has its own tourist bus leaving at 6 am every day (6 days during the high season – Monday off, and 4 days during the off season). <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Default">
	<strong><span style="font-size:14px;"><span class="A16">WHEN TO GO:</span> <br />
	</span></strong></p>
<p class="Pa18">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Tourist Season (September- November &amp; March-May) <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></span></p>
<p class="Default">
	<strong><span style="font-size:14px;"><span class="A16">WHAT TO DO:</span> <br />
	</span></strong></p>
<p class="Pa18">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Bungy Jump, Canyon Swing, High Ropes, Canyoning, Mountain Biking, Rafting, Relax </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp; <br />
	</span></p>
<p class="Pa31" style="margin-top:8.0pt">
	<strong><span style="font-size:14px;"><span class="A16">WEATHER: <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="Pa18">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Similar to Kathmandu all season </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp; <br />
	</span></p>
<p class="Pa31" style="margin-top:8.0pt">
	<strong><span style="font-size:14px;"><span class="A16">MISCELLANEOUS: <br style="mso-special-character:line-break" />
	</span></span></strong></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">A Bungy Jump/Canyon Swing costs Rs 3,200 per person per activity. The resort provides a package of Rs 4,000 per person for to-and-fro transportation, one activity and lunch. There is also a provision for overnight stay at the resort. For more details/reservations, contact The Last Resort, Sales Office, Thamel, Kathmandu: Tel 00977-1- 4700525/4701247, Email info@ thelastresort.com.np or visit its website www.thelastresort.com.np</span></span></p>',
			'published' => true,
			'created' => '2012-10-30',
			'modified' => '2012-12-06',
			'keywords' => '',
			'description' => 'The Last Resort is not only an ultimate destination for Nepali daredevils but also for adventure seekers trekking across the world in a quest for thrills.',
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			'id' => '709',
			'article_category_id' => '39',
			'title' => 'Pilot Pens Everyone’s Favourite',
			'sub_title' => '',
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			'content' => '<p>
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<p>
	<span class="A46"><span style="font-size:
40.0pt;line-height:115%;font-family:&quot;Calibri&quot;,&quot;sans-serif&quot;;mso-ascii-theme-font:
minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:&quot;Myriad Pro&quot;"><img alt="deepak kumar " border="1" height="189" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/deepal.jpg" vspace="10" width="152" /></span></span><br />
	<strong>DEEPAL KUMAR PURKOTI<span class="A5"><span style="font-size:
10.0pt"><br />
	Sales and Marketing Manager</span></span><br />
	Fair Trade Pvt Ltd</strong></p>
<p class="Default" style="margin-left:.5in">
	<strong><span class="A5"><span style="font-size:10.0pt"><br />
	<br />
	<br />
	</span></span></strong><span class="A13"><span style="font-size:59.0pt;mso-bidi-font-family:
&quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi">N</span></span><span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;
color:#211D1E">o matter how much writing is being tried to be replaced by modern tools like computers and tablet PCs, writing wouldn’t be complete without a pen. When a writer’s pen writes smooth like silk and bears a powerful brand name, it would prove a cherry on top. Young toddlers to professional executives and everybody in between would love a pen that writes at every occasion. Fair Trade Pvt Ltd (FTPL), the sole authorised distributor of Pilot pens for Nepal, brings pens for all from the well known stationery brand from Japan - Pilot. <br />
	</span></p>
<p class="Pa10" style="margin-left:.5in;text-indent:14.0pt">
	<img align="left" alt="pilot" border="1" height="252" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/polit.jpg" style="margin:10px;padding:10px;" vspace="10" width="334" /><span style="font-size:10.0pt;color:#211D1E">The company has made easy availability of original pens from Pilot brand at affordable prices. Besides Kathmandu, rural Nepal also receives genuine products from Pilot through the dealerships spread over major cities in various parts of Nepal. Currently, the company has dealers in Biratnagar, Birgunj, Pokhara, Narayanghat and Hetauda, said Deepal Kumar Purkoti, Sales and Marketing Manager at FTPL. He said that the company is planning to open around three new showrooms in the near future. Through these showrooms, the company targets to reach every district and the remote villages too. <br style="mso-special-character:line-break" />
	</span></p>
<p>
	 </p>
<p class="Pa10" style="margin-left:.5in">
	<span style="font-size:10.0pt;
color:#211D1E">Though the company is distributing imported pens at the moment, it is also planning to produce pens within the country that bears the brand name of Pilot. “In around one-and-a-half-year’s time, FTPL is planning to produce certain products within the country,” Purkoti revealed. The company is planning to begin production in Nepal with a low segment pen and then expand into different categories. It is in the procedure to finalise the location for setting up the industry and investment volume. Similarly, the production capacity is not finalised yet, said Purkoti. <br style="mso-special-character:line-break" />
	</span></p>
<p class="Pa10" style="margin-left:.5in">
	<span style="font-size:10.0pt;
color:#211D1E">According to him, around 1.5 million Pilot pens are sold in Nepal annually. Super-GP, V5 series, board markers, permanent markers, gel pens, ball pens, mechanical pencils are some of the most popular categories of pens sold in Nepal. Similarly, V5 pens are popular among government officials and professionals as it is smooth and easy to write even in the Nepali paper used in government offices. Super GP, ball pens and gel pens are especially popular among students. At its showroom at Dharmapath in New Road, Pilot pens cost anywhere from Rs 15 to Rs 30,000. The fountain pen costing Rs 30,000 bears an 18-carat gold nib and cover holder. <br style="mso-special-character:line-break" />
	</span></p>
<p class="Pa10" style="margin-left:.5in;text-indent:14.0pt">
	<span style="font-size:10.0pt;color:#211D1E">The showroom was established around a year back with an investment of Rs 3 million. With the growing awareness among people about the brand, Purkoti revealed that the sale of Pilot pens lately is in an increasing </span><span style="font-size:10.0pt;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#211D1E">trend. The company imports Pilot pens from Japan. <br style="mso-special-character:line-break" />
	</span></p>
<p class="Pa10" style="margin-left:.5in;text-indent:14.0pt">
	<span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E">Dr Grip is one such pen that has antiseptic, anti-smell, anti-sweating and bacteria-free characteristics. The pen, true to its name, is even certified by doctors and costs from Rs 500 to Rs 900. Likewise FriXion series pens can write, erase and rewrite. This pen is strongly discouraged for using in examinations and signing important documents. B2P is a distinctive ball pen that is made out of recycled water bottles. The store has over 250 varieties of Pilot pens. The company is planning to bring in pens that cost around Rs 10, in the near future. FTPL is going to add more products to the available range. These upcoming products include fountain pens, V series, sketch pens, mechanical pencils, gel markers, board markers, FriXion colour sets and other products for children. </span></p>
<p class="Pa10" style="margin-left:.5in;text-indent:14.0pt">
	<span style="font-size:10.0pt;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E">FTPL has held the dealership of Pilot pen in Nepal for 30 years. It is a trading company that is in existence for three decades and has been involved in importing garments, Pilot pens, Konica Minolta products and medical equipments among others. There are 40 employees working for the company. <br style="mso-special-character:line-break" />
	</span></p>
<p class="Pa10" style="margin-left:.5in">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E">The company is revamping its marketing strategy. Purkoti says that old dealings will be done in newer ways like having wholesalers and distributors in all five development regions. Similarly, FTPL is planning to introduce promotional offerings for both customers and retailers. It will also undertake awareness campaigns by setting up stalls at schools and colleges to spread information to students. The company is planning to give away certain pens at the purchase amounting higher than a certain limit. Likewise, it is also thinking of giving special offers and gift hampers to dealers as well. <br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal" style="margin-left:.5in">
	<span style="font-size:10.0pt;
line-height:115%;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#211D1E">FTPL believes in delivering quality. Similarly, it envisions each and every person writing with Pilot pens. The company does not feel competition in the market on account of either quality or brand value. However, Purkoti accepts the competition with regards to the price. Purkoti feels the absence of legal mechanism to demoralise the availability of counterfeit products. He recommends the customers to look for quality rather than the price and always choose genuine products.<br style="mso-special-character:line-break" />
	</span></p>',
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			'description' => '“We are planning to open around three new showrooms in the near future. Through these showrooms, the company targets to reach every district and the remote villages too.”',
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			'id' => '671',
			'article_category_id' => '39',
			'title' => 'Chilime Hydropower : Dreaming Large',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong>“We have made sure that all people have share holdings in this company. With this model, we have ensured 360 degree participation and made it a people’s company.” <br />
	</strong><br />
	<br />
	<img alt="" border="1" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporare_kulman.jpg" style="width: 169px; height: 206px;" vspace="5" /><br />
	<br />
	<strong>KUL MAN GHISING <br />
	Managing Director <br />
	Chilime Hydropower Co Ltd <br />
	</strong><br />
	<br />
	If dreaming big is the norm for corporate houses, it is larger for Chilime Hydropower Company Limited. Having an installed production capacity of 22.1 Megawatts (MW) hydroelectricity at the moment, it envisages producing 500 MW of hydroelectricity by 2020. Similarly, it dreams to be the largest hydropower company in Nepal. <br />
	<br />
	<img alt="Chilime Hydro Power" border="1" height="285" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporatefocus_banner.jpg" vspace="5" width="400" /><br />
	<br />
	Chilime has actually begun working towards its 2020 vision already. Right after the generation of hydroelectricity began on 25August 2003, the company applied for further projects and has four projects in its pipeline now. They are Rasuwagadhi Hydropower (111 MW), Senjen (42.5 MW), Upper Senjen (14.5 MW) and Madhya Bhotekoshi (102 MW). These projects will remain under Chilime’s subsidiaries: Rasuwagadhi Hydropower Company Limited, Madhya Bhotekoshi Jalavidhyut Company Limited and Senjen Jalavidhyut Company Limited. The parent company Chilime owns and operates a 22.1 MW power plant located in Rasuwa district. <br />
	<br />
	Kul Man Ghising, Managing Director of Chilime, reveals, “We have already planned on how to move ahead after completing these four projects. Two projects will come into operation after four years while the other two will commence operation after five years.” <br />
	<br />
	<img alt="" border="1" height="408" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/chilime.jpg" vspace="5" width="400" /><br />
	<br />
	Chilime is also planning to get into reservoir based hydel plants along with sizeable projects of up to 500 MW. Ghising confidently says, “We have that capability as we are financially strong. We will get even stronger with the completion of four projects, both technically and financially.” Chilime has well understood that without sizeable projects, economies of scale in hydropower sector cannot be achieved and the price won’t reduce either. Chilime has applied for licenses of large scale power plants namely, Uttarganga (300 MW), Upper Arun (335 MW) and Langtang Project (232 MW). “We are hopeful to get licenses of some of these projects. After having license(s) in hand, we will go into construction phase within three years,” says Ghising. Chilime is looking forward to add more projects to its portfolio by 2014/15 so that it will have projects of around 800 MW by 2020 including operational capacity of 500 MW. This will help Chilime leap one step forward to meet its dream to establish itself as the largest public hydropower company in Nepal. <br />
	<br />
	Since its establishment, it has optimally utilised the local resources of Nepal –technical manpower and financing etc. Ghising says that the company is operating on a model of public-people-partnership. Therefore, 51 per cent of the stakes is held by the Nepal Electricity Authority (NEA) and 49 per cent by the general public including 10 per cent equity ownership of the local people at the project sites. He claimed Chilime to be the first public limited hydropower company of Nepal. <br />
	<br />
	The company has adopted a model that has been highly successful for managing capital for investing in hydropower. It includes investors, regulator, government bodies, the operator’s employees, buyers and also the consumers for financing hydropower. Ghising says the model that has been introduced by Chilime has proved to be a milestone for the Nepali hydropower sector. “When developing a 200 MW project was thought impossible without foreign investment and support from donors like Asian Development Bank (ADB) and World Bank, we have used money within Nepal to finance upcoming projects for a total of 270 MW,” he boasts, “Chilime has collected Rs 4 billion in four days. The confidence of the general public to invest in hydropower has developed because of us.” <br />
	<br />
	Ghising clarifies that Chilime is not a Public Private Partnership (PPP) company. It is rather a people focused company. He says that Chilime has moved on to the 4P model – peoplepublic- private-partnership as it has also involved private entities in its subsidiary companies. “We have made sure that all people have share holdings in this company. With this model, we have ensured 360 degree participation and made it a people’s company.” <br />
	<br />
	<img alt="chilime hydro power" border="1" height="405" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/chilmme111.jpg" vspace="10" width="400" /><br />
	<br />
	Ghising believes that a huge amount of hydropower can be developed in Nepal if more than a dozen hydropower companies adopt the same model. Chilime is looking forward to business expansion and to meet this objective, Ghising feels the need for foreign direct investment (FDI). He believes that international companies will easily be ready for partnership with Chilime as it has a huge public base and is a stable company in Nepal. <br />
	<br />
	Chilime has also helped locals prosper by making them the shareholders of the company. Ghising says that shareholding households of Rasuwa district have liquid assets of Rs 500,000 each because of the Chilime shares they own and dividends they receive. Ghising says that locals own 500 units of shares per household. “Each household will be proud to have at least Rs 2 million worth of shares after five years as the bonus shares and dividends go on adding up.” <br />
	<br />
	The company has been distributing around Rs 35,000 to 40,000 every year as dividend to each household. Ghising says that Rs 90 million was distributed last year in Rasuwa district alone as dividend. The company had distributed 70 per cent dividend last year – 30 per cent cash and 40 per cent bonus share. “This has helped in inclusive growth of locals along with creating a sense of ownership towards the project,” he says. Likewise, as part of its Corporate Social Responsibilities (CSR), the company spends over Rs 10 million every year on various activities like education, health, drinking water, roads, electricity and other social causes. <br />
	<br />
	The company had made a net profit of Rs 843.14 million in the fiscal year 2010/11. This year, the company’s net profit remained around Rs 950 million. The revenue collection of the company in the fiscal year 2011/12 was around Rs 1.2 billion. <br />
	<br />
	The total financing cost of Chilime at the time of completion of its project in Rasuwa was Rs 2.5 billion. While Rs 960 million was managed through equity investment, rest of the amount was materialised from borrowings. The company paid back its loan within three years. Chilime, at present, has paid up capital of Rs 1.35 billion. It is investing around Rs 7 billion in four projects within the course of the next five years. However, the total cost of these projects is around Rs 33.2 billion. Around Rs 16.6 billion will be invested by the Employees Provident Fund (EPF) while the rest will be managed through equity management. <br />
	<br />
	Ghising ruled out the dispute over Bhotekoshi rafting saying everybody in the region is warm heartedly welcoming the project. Earlier, it was being said that the rafting business will be disturbed due to the construction of the project. Ghising insisted that the actual rafting generally begins from Middle Bhotekoshi Project Power house area and will not affect rafting activities in any way. <br />
	<br />
	<img alt="" border="1" height="302" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/chilime112.jpg" vspace="5" width="300" /><br />
	<br />
	He also promises to promote the rafting business and develop an international community rafting centre with rafting museum, a convention hall and a rafting training institute along with building gateways for rafting at numerous points on the banks of Bhotekoshi. He also sees possibilities for development of Eco- Hydro-tourism that will also boost revenue collection at Sindhupalchowk district. The company has made a slogan ‘Hydropower together with tourism’ to reinforce its promises. Chilime has a complaint that the hydropower sector is missing the presence of a regulator to check and balance the developers as well as the NEA. Ghising says that the hydropower sector is not as transparent as it should have been. <br />
	<br />
	Chilime is planning to export its surplus production after meeting the local demand. Similarly, it will also begin working towards backward integration like a tie-up with the turbine manufacturers, operation &amp; maintenance and consulting for hydropower sector. <br />
	<br />
	<img alt="swot analysis" border="1" height="142" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/swotanalysis.jpg" vspace="5" width="250" /><br />
	<br />
	<br />
	<strong>STRENGTHS </strong><br />
	<br />
	• Financially strong <br />
	<br />
	• Technically sound <br />
	<br />
	• Credibility <br />
	<br />
	• Goodwill <br />
	<br />
	• Public support <br />
	<br />
	<br />
	<br />
	<strong>WEAKNESSES </strong><br />
	<br />
	• Time taking procedures for procurement of goods and services. <br />
	<br />
	<br />
	<br />
	<strong>OPPORTUNITIES </strong><br />
	<br />
	• Huge market opportunity <br />
	<br />
	• Potential to generate hydropower <br />
	<br />
	<br />
	<br />
	<strong>THREATS </strong><br />
	<br />
	• Possibilities for project delays <br />
	<br />
	• Unnatural demands from locals <br />
	<br />
	• Weak financial health of the NEA - the buyer of electricity <br />
	<br />
	• Political instability <br />
	<br />
	• Unavailability of adequate technical manpower in the market <br />
	<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2012-08-15',
			'modified' => '2012-10-10',
			'keywords' => '',
			'description' => 'Chilime Hydropower Dreaming Large “We have made sure that all people have share holdings in this company. With this model, we have ensured 360 degree participation and made it a people’s company.”',
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	(int) 6 => array(
		'Article' => array(
			'id' => '651',
			'article_category_id' => '39',
			'title' => 'Arun Valley HDC : For Rural Electrification',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="corporate focus" border="1" height="285" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/julycorporatefocus.jpg" vspace="5" width="400" /><br />
	<br />
	<strong>“Piluwa Khola Small Hydropower Project is an exemplary hydropower project developed by the private sector.” </strong><br />
	<br />
	<img alt="ramesh neupane" border="1" height="230" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporateimages.jpg" vspace="5" width="200" /><br />
	<br />
	<strong>RAMESH NEUPANE <br />
	Managing Director, AVHDC </strong><br />
	<br />
	<br />
	<br />
	“Domestic capital and technology are sufficient to rescue the country from the present energy crisis,” Ramesh Neupane, Managing Director of Arun Valley Hydropower Development Company (AVHDC) asserts. The rationale for this claim is: his company has built a 3-MW Piluwa Khola Small Hydropower Project in Sankhuwasabha district within 36 months. Out of the total 75, there are 40 districts in Nepal suitable and feasible for electricity generation. If a 5-MW plant is established in each of these districts, about 200-MW of energy will be added to the national grid within three years. When private sector adds 200 MW of power every three years, it is very possible that the same force can liberate Nepal from the energy crisis within a short period of time. <br />
	<br />
	According to Neupane, such a target can be achieved only if the government motivates the private sector. He underscored six points on making hydropower a centre of attraction for investment. First, the government should extend the license period from existing 35 years to at least 50 years for hydropower projects over 5 MW while the projects below it should be allowed to own the project for a lifetime. Second, Nepal Electricity Authority (NEA) must amend and increase electricity purchase rate in line with the inflation rate. “Price of electricity should be determined on the basis of demand and supply. NEA should increase the electricity tariff to the customers and with this effect, should also provide reasonable price to hydropower project developers,” he said. Third, the government should exempt VAT to hydropower projects. Investment in hydropower projects should be declared as tax free business till the country does not have sufficient power. This will help to attract investment into this sector. Fourth, Hydropower Finance and Development company of the government should be activated and provide long term loans on subsidised rates to the projects. Also, the capital market has to be liberal to raise funds from potential Nepali investors by issuing shares and debentures. Foreign investors should be attracted to invest in hydropower projects and allowed to trade shares in Nepal’s stock market. Fifth, the government should provide security to all projects. <br />
	<br />
	The cost of the security staffs has to be borne by the government and some field allowances are to be paid by the developers. Lastly, the government should build high voltage transmission lines from North to South to transmit energy generated in the Northern region to the Southern market of Nepal. Private sector investment in BT and/ or BOT model has to be allowed and this work should get higher priority. Additionally, Nepali energy system has to be connected with the Indian system so that energy can be imported when there is shortage and supplied when there is a surplus. Therefore, the construction of Nepal-India Cross Border Transmission Line is the urgent demand of the nation. <br />
	<br />
	In putting forward these constructive suggestions, Neupane speaks of his company’s experience as the pioneer company to introduce the concept of developing hydropower projects from the private investment in Nepal. In 1997, when the entire country was in the grip of Maoist insurgency, a group of people dared to establish Arun Valley Hydropower Development Company believing that it is possible for the private sector to build capital intensive projects such as hydropower provided there is a favourable environment, laws and policies for investment. The objective behind the establishment of Arun Valley was to construct, develop and operate small hydropower projects utilising domestic resources, technology and capital. <br />
	<br />
	When they planned to embark on their first project - Piluwa Khola Small Hydropower Project - they not only had to face difficulty to get the government’s support but also to fetch finance for it. When the AVHDC team approached the then Minister for Water Resources Sailaja Acharya with the concept, she expressed her surprise over the idea of a private sector company developing hydropower projects. But, impressed with their innovative concept, she pleaded help in every step of their project development. Their follow-ups in the Ministry of Water Resources bore fruits when NEA started to sign Power Purchase Agreement (PPA) with the private power developers. <br />
	<br />
	The team got a survey license from the Department of Electricity Development (DoED) of NEA to conduct feasibility study of Piluwa Khola Small Hydropower Project in Sankhuwasabha district. After completion of the survey, they applied for PPA. Minister Acharya helped them in getting a rate of Rs 3.0 for the wet season and Rs 4.25 for the dry season with an escalation of 6 percent for a period of five years. The escalation was supposed to be revised after five years but has not taken place till date, said Neupane. At that time, another setback was to find loan capital for the project. The project was planned with 30 per cent equity of the company and arranging 70 per cent loan from banks and financial institutions (BFIs). “As hydropower projects were the new investment area for the Nepali commercial banks, they were not ready to provide us loan in the initial phase,” said Neupane. Most of the BFIs doubted whether a private company can actually build and complete a hydropower project and will be able to pay back the loan amount. Finally, Manoj Goyal, the then CEO of the Bank of Kathmandu (BoK) took the risk and the first project of the company was financed and completed within the targeted time frame of 36 months. The project construction work was started in February 2001 and was completed in June 2003 while commercial operation started from August 2003. Arun Valley now has its own land and office building at Milan Chowk of Baneshwor and is listed in Nepal Stock Exchange.<br />
	<br />
	“The share price of this company ranges between Rs 300 and Rs 400 and the company claims that the market price of an Arun Valley Hydropower Company share will not be less than Rs 1000 upon the completion of Kabeli B1 Hydropower Project. “Piluwa Khola Small Hydropower Project is an exemplary hydropower project developed by the private sector,” argues Neupane. The company has been regularly distributing dividends to the shareholders of the company for the last seven years. “Investors have already got the return of their initial investment on the project. What they are getting now is their bonus,” shares Neupane. The second project of AVHDC is Kabeli-B1 Hydroelectric Project on Kabeli River flowing through the border of Taplejung and Panchthar districts. The project has completed the detailed feasibility study. The run-of-river project with an installed capacity of 25 MW, will sign PPA with the NEA within mid July. “The total project cost is estimated to be Rs 3,500 million. Of this total investment, 70 percent (Rs 2,450 million) will be raised from bank loan and the remaining Rs 1,050 million from the equity of share holders,” said Neupane. The company will issue rights shares to its existing shareholders to finance this project. <br />
	<br />
	A new company named Arun Kabeli Power Limited has been established as Arun Valley’s sister company to look after this project. “We have acquired 50 ropanis of land for the project and will be floating 39 per cent of the project company’s shares to the strategic partners in the beginning of next fiscal year,” said Neupane. Arun Valley Hydropower Development Company Limited will hold 51 per cent share of the project while the local people will have the opportunity to invest up to 10 per cent of the equity investment in this project. <br />
	<br />
	Lower Pheme Khola Small Hydropower Project is the second under construction project of the company located in the Mechi corridor. The project with an estimated cost of Rs 436 million has also reached the stage of PPA signing. “We will begin construction work immediately after signing the PPA,” said Neupane. <br />
	<br />
	The third project under development, Upper Piluwa Khola Small Hydropower Project, is being developed by Upper Piluwa Khola Hydropower Company Limited. AVHDC has the majority shares of this company. The project will be developed by setting-up a diversion weir from five kilometre up-stream of existing Piluwa Khola Small Hydropower Project. The project with an installed capacity of 9.6 MW has also reached the stage of PPA signing. Talking about the uniqueness of his company, Neupane shares that his company has more than 22,000 big and small shareholders. The company is in favour of mobilizing large number of people as investors in hydropower projects. The size of investment is as low as Rs 100,000. The company strives to keep the project construction costs low, complete the projects on time and distribute dividends to shareholders. Arun Valley is committed to utilise domestic capital, resources and technology to the optimum level and give relief to the country from prolonged hours of load-shedding even during the monsoon. “We have bid goodbye to load shedding in Gulmi and Sankhuwasabha districts. It is our vision now to lift the entire country from the existing energy crisis,” shares Neupane.<br />
	<br />
	It is his understanding that entrepreneurship, dedication and hardworking makes any project a success. “The technology for generating power from the running mountain water is well proven. We simply follow the art of technology,” he said. Neupane supports the idea of Foreign Direct Investment (FDI) to cash Nepal’s optimum potential in hydropower sector. He believes that the present political instability is the main impediment in attracting FDI in Nepal. “The first thing foreign investors consider is the risk involved in their investment. To minimise the risk, the government should sign a Power Development Agreement (PDA) with all the big and small project developers as well as local and foreign investors,” said Neupane. According to him, FDI will increase if the government requests foreign investors to invest in Nepal by agreeing to guarantee the security of their investments. The company also plans to attract new investors to invest in its new power projects namely Kable B-1 (25 MW), Upper Piluwa Khola (9.6 MW) and Lower Pheme Khola (3.5MW). <br />
	<br />
	<br />
	<strong>Swot Analysis <br />
	<br />
	<br />
	STRENGTHS </strong><br />
	<br />
	<br />
	• Motivated staffs <br />
	<br />
	• Stability of the company <br />
	<br />
	• Loan free company <br />
	<br />
	• Listed in the Nepal Stock exchange <br />
	<br />
	<br />
	<strong><br />
	WEAKNESSES </strong><br />
	<br />
	<br />
	• Employee turnover <br />
	<br />
	• Difference of thought between developers <br />
	<br />
	<br />
	<strong>OPPORTUNITIES <br />
	</strong><br />
	<br />
	• Developing partnership with local government <br />
	<br />
	• Developing projects with foreign investors <br />
	<br />
	<br />
	<strong>THREATS </strong><br />
	<br />
	• Unhealthy competition <br />
	 </p>',
			'published' => true,
			'created' => '2012-08-10',
			'modified' => '2012-09-17',
			'keywords' => '',
			'description' => '“Domestic capital and technology are sufficient to rescue the country from the present energy crisis,” Ramesh Neupane, Managing Director of Arun Valley Hydropower Development Company (AVHDC) asserts. The rationale for this claim is: his company has built a 3-MW Piluwa Khola Small Hydropower Project in Sankhuwasabha district within 36 months. Out of the total 75, there are 40 districts in Nepal suitable and feasible for electricity generation. If a 5-MW plant is established in each of these districts, about 200-MW of energy will be added to the national grid within three years. When private sector adds 200 MW of power every three years, it is very possible that the same force can liberate Nepal from the energy crisis within a short period of time.',
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	(int) 7 => array(
		'Article' => array(
			'id' => '644',
			'article_category_id' => '39',
			'title' => 'ICT Branding Expo - Version 2.0',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The fifth ICT Info-Trade Fair 2012, the ICT Branding Expo, will be organised from 5 January by Information Communication and Technology (ICT) Association of Nepal at Exhibition Hall in Kathmandu. The five-day long exhibition will showcase latest and innovative information technology products. According to Sagar Dev Lakhe, President of the ICT Association of Nepal, the expo is being promoted as a branding expo for the second year in a row. Lakhe said it is a challenging job to promote a branding expo in the market where extensive use of IT is primarily limited to only the urban centres.</p>
<p>
	Last year's expo was successful so we have improvised on it and given continuity to the event, he added. ICT Association has been organising expos every year. According to Lakhe, such an expo must look and feel like an IT expo. So, we are using social media and IT to the utmost level and the visitors will be seeing and experiencing technology right from the entrance to the exit,â€ Lakhe said.</p>
<p>
	The slogan of the event is Bridging digital divide in IT Trade. The expo will showcase branded products popular in Nepal and abroad along with the latest innovative products and technology. Avid, Baleyo, CHIMEI, Creative, Delta, Digicom, EV, Fujikura, Hasee, Inktech, Philips, Smart Cell and ZTE are some of the brands participating in the expo. TP Link is the title sponsor of the expo. The event is expected to increase demand for technology products.</p>
<p>
	Lakhe said It is not a sales expo but a pre-sales expo which is expected to create future market prospects. We are expecting visitors to acquire as much information as they can about the products and technology on offer and meet their needs. The provision to book and purchase tickets online has been arranged. The fans on its Facebook page are entitled with certain discounts on entry charge. Around 200,000 visitors are expected to visit the expo. Lakhe assures that visitors need not worry about the parking space and quality food available at the food court. TechKnow Zone, Wi-Fi Lounge, VIP Lounge, Business Development Room, Food court are some of the specialities of the expo. The association has planned to inaugurate the event by an especially able person who has been making a living with the use of IT. It is also planning to felicitate persons who have been contributing to the sector for more than three decades but remaining away from the limelight, during the closing ceremony of the expo on 10 January.</p>
<p>
	<strong><img align="left" alt="focus" border="1" height="170" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/nikhiii.jpg" vspace="1" width="150" /></strong></p>
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	</strong></p>
<p>
	<strong>Nikhil Bansal</strong></p>
<p>
	<strong>Director Hitech Distribution Pvt Ltd and Spokesperson,ICT Association of Nepal <br />
	</strong></p>
<p>
	The fifth ICT Info-Trade Fair 2012, the ICT Branding Expo to be held from 5 to 9 January is an exhibition in the true sense. Unlike other expos, it is not merely a selling point for products. At this expo, one will get to see and experience IT from the time of planning to visit the expo right till the time they come out of the venue. It is not only about uniting potential clients and exhibitors at a place but also about disseminating information about brands, products and innovations and sharing necessary information required for making a purchase decision.</p>
<p>
	The success of the expo will not be calculated on the amount of sales and number of products sold. This year's ICT expo will be the true exhibition of latest innovations, technologies, products in addition to creating a brand image in a manner that the established image actually begins giving desired outcomes after the event. The expo is intended to be of truly international standards and managed in such a way that visitors and stalls management are fully taken care of. The Visitors will mainly comprise those who are tech savvy and have a certain level of understanding on technology. While it is not possible to spend hours to introduce a simple product for a novice, we don't mean to devalue visitors as this is also an exhibition for anyone who is interested in it.</p>
<p>
	Apart from utilising the technology to its fullest, this expo will also showcase extraordinary quality in terms of stall and visitor management. We expect people to gain as much information as they can and exhibitors can share all they have. We want to ensure that people neither ignore the stalls nor do they gather at one stall for a long period of time.This is an upgrade to previous years expos and the association is dedicated to take it to the next level.</p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><img align="left" alt="focus" border="2" height="163" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/sagar-lakhe.jpg" vspace="2" width="150" /></strong></p>
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	<strong><br />
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	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Sagar Dev Lakhe <br />
	</strong></p>
<p>
	<strong>President ICT Association of Nepal</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>What are the preparations so far for the expo?</strong></p>
<p>
	Almost 99 per cent of the preparations are over. All sponsors, dates, venues and events are finalised. Similarly, almost all the stalls are booked.</p>
<p>
	<strong>What are you doing to change the trend of expos being treated as a shopping destination of late?</strong></p>
<p>
	We have made a provision of e-ticketing through http://ict.org.np/ where users can print the ticket on their own which is totally a new practice for expos. Similarly, Facebook, Twitter, Google+, LinkedIn and YouTube are used to the fullest to ensure quality visitors. As per our analysis, this is the first expo that has properly used the social media. It is not a sales expo but a pre-sales expo which is expected to create future market prospects. We are expecting visitors to acquire as much information as they can about the products and their needs.</p>
<p>
	<strong>You have promised to have quality visitors at the expo this time around. How are you planning to achieve that? <br />
	</strong></p>
<p>
	The use of social media and provision of online registration is a step towards this. Similarly, we have doubled the price than the expos held earlier and discount can only be secured through online registration and Facebook page. Executive level visitors are quite hesitant to visit expos as they are afraid that their profile may be devalued or may not get the deserving attention. We need to change this so we have arranged a separate entry point for the executive visitors. Similarly, separate gates are being arranged for the entry of corporate level visiting card holders, discount holders, pass holders, students etc. All these initiatives can at least make executive visitors mentally prepared that these expos are for them too.</p>
<p>
	<strong>You have named this a branding expo. How will it be different and help promote exhibitors respective brands?</strong></p>
<p>
	Last year's expo was a successful one and it encouraged us to organise its version 2.0 this year. At a branding expo, visitors get to see the difference between general expos and a branding one. Stalls are set up as per international standards where different brands portray themselves. This is an important and meaningful platform for brand promotion to the intended customers. We have also put retail stores in a fish market manner so there will be a comparison of quality of participating stalls which will leave a huge difference on impression.</p>
<p>
	<strong><img align="left" alt="focus" border="2" height="155" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/ashokia.jpg" vspace="2" width="150" /></strong></p>
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	<strong><br />
	</strong></p>
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	<strong><br />
	</strong></p>
<p>
	<strong><br />
	Ashok Agrawal</strong></p>
<p>
	<strong>Managing Director Action Point Nepal Pvt Ltd (TP Link - Title Sponsor of the event) <br />
	</strong></p>
<p>
	The last year's expo successfully portrayed its quality and the theme of being a branding expo. It truly gave an impression of an international standard expo by its look, venue, stalls and the quality of exhibition. We expect the same this year too. Our main focus during the event will be on branding and we hope our brand TP Link finds recognition in the market.</p>
<p>
	We want our customers to identify with the brand and are not looking for one time sales from the event. Our objective is to share our information, promote ourselves and educate customers so that our brand gets established in the market. We will be showcasing some of the brands we deal with, during the fiveday long event.</p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Roshan Bhandari<img align="right" alt="focus" border="2" height="156" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/nikku.jpg" vspace="1" width="150" /></strong></p>
<p>
	<strong>Managing Director Human Click (Gold Sponsor of the Expo) <br />
	</strong></p>
<p>
	The ICT Info-Trade Fair has been doing well since the time it began and has been successful in managing stalls and visitors well. We expect 300-400,000 visitors turning out at this year's expo. At this year's branding expo, only the branding channel, distribution channel and authorised channels will be having their stalls in the main hall.</p>
<p>
	The branding expo proves better than other expos for both visitors and businesses as they will be trying to know each other and gather information for future deals. We are showcasing Philips monitors and Creative brands professional audio and visual products. The 3D monitor from Philips, which we will be launching during the expo, is expected to be one of the major highlights. Similarly, we are also displaying energy efficient monitors with IPS technology that can save up to 70 per cent of energy compared to other monitors available in the market. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-24',
			'modified' => '2012-09-17',
			'keywords' => '',
			'description' => 'The fifth ICT Info-Trade Fair 2012, the ICT Branding Expo, will be organised from 5 January by Information Communication and Technology (ICT) Association of Nepal at Exhibition Hall in Kathmandu.',
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	(int) 8 => array(
		'Article' => array(
			'id' => '643',
			'article_category_id' => '39',
			'title' => 'Norvic: Care At Its Best',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="top" alt="corporate focus" border="6" height="212" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/nervi.jpg" vspace="5" width="300" /></p>
<p>
	Chaudhary Group, a prominent corporate house of Nepal, established Norvic International Hospital in 1993 as a 30 bed facility. Today, the hospital operates 100 beds as a full-service community healthcare facility where 40 per cent of the beds are reserved for critical care Intensive Care Unit (ICU) and Coronary Care Unit (CCU).</p>
<p>
	Growing at a steady 20 per cent per annum for the last three years, it is scheduled to add 66 more beds by the end of March 2012. It also plans to become a 200-bedded super specialised general hospital in the very near future. Praveen Dawar, Vice-President of Norvic International Hospital &amp; Medical College Pvt Ltd says, We are the leading private sector hospital in Nepal and the leading hospital overall, for critical care. Over the years, the hospital has experienced major restructuring with an increase in number of Inpatient beds and progressive expansion of ambulatory care and day surgery. It has also gone through redevelopment of the Emergency Department, Cancer Clinic and Outpatient Specialty Clinics. Having achieved many firsts in healthcare treatment,</p>
<p>
	Norvic provides 24 hours emergency services and modern operation theatres backed by its excellent post operative care. The hospital started preventive health services packages for a handful of companies in 2004. Currently, over 60 organisations in Nepal&nbsp; embassies, INGOs, UN missions, airline companies, bank, corporate houses and department stores among others&nbsp; are closely associated with the hospital and have annual health screening of their staff done there.</p>
<p>
	<br />
	<strong> </strong></p>
<p>
	<strong><img align="left" alt="corporate focus" border="5" height="192" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/norve.jpg" vspace="5" width="150" /></strong></p>
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	 </p>
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	 </p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Praveen Dawar <br />
	</strong></p>
<p>
	<strong>Vice-President Norvic International Hospital &amp; Medical College Pvt Ltd</strong></p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Human Resource</strong></p>
<p>
	A highly skilled staff of affiliated physicians, full-time and part-time professional health care staff and active volunteers serve the hospital in their respective capacities. The staff benefits from the hospital's commitment to quality, continuous learning, cross training, skills development, adequate exposure, fun events and activities, flexibility, balance, leadership and a sense of community. It's a team effort where everybody is important and has a crucial role to play. We work as a family unit and do our very best for the patients that come here,says Dawar. The hospital has total staff strength of 380 with 78 Consultant Doctors, 15 of them on the hospital's payroll; 31 Medical Officers; 120 Nurses and a whole lot of support staff manning housekeeping, vehicles, maintenance and security departments.</p>
<p>
	<strong>Customer Focus</strong></p>
<p>
	With years of experience, the hospital has designed many progressive health packages to suit individuals, families, professionals, business executives, students, children and senior citizens. There is a separate Norvic Care Division (NCD) which propagates Prevention is better than Cure by advocating regular medical check-ups. NCD also undertakes Outreach Free Check-up Medical Camps to reach underprivileged masses and help the downtrodden. The hospital commits itself to care and looks at providing world class quality healthcare at an affordable cost. We strive to create strong customer focus in all the operational areas of Norvic Hospital,â€ confirms Dawar.</p>
<p>
	<strong>Marketing <br />
	</strong></p>
<p>
	The hospital is presently running to its full capacity with 80 operating beds always occupied and approximately 500 OPDs per day. It conducts a good number of free medical camps within the Kathmandu Valley as well as outside of it, to promote awareness about the hospital. There are four camps organised every month and besides the medical camps within the valley, the hospital also reaches out to locations outside the valley such as Charikot, Kavre, Baglung, Kakani, Dakshinkali etc. At these camps, the medical check-ups are done free of cost and medications too are provided at no charge. Dawar informs, We do a lot of direct marketing by sending out e-mails updating people on medical camps and new facilities at the hospital. We also hold talk programmes at different organisations that include INGOs, UN missions, banks etc.</p>
<p>
	<strong>Credible Reputation</strong></p>
<p>
	Contrary to public perception, even the population belonging to the lower middle class can easily afford the hospital, shares Dawar. With 23 beds in the general category that has reasonable hygienic conditions, a bed can cost a patient around Rs 1,000 per day. Standard beds at the hospital cost around Rs 1,800 per day, there are a total of 13 standard beds. Despite being a local hospital, it has reached international standards, claims Dawar. He says that even the expatriates living in Nepal who have seen the best of medical facilities in their home countries have great confidence in Norvic. The hospital is best known for its specialisations related to cardiac care, neuro-surgeries, gastroenterology, orthopaedic surgeries, general/internal medicine, pulmonology and hepatology. In addition to the patients that come to the hospital from within Nepal, it has also been receiving patients from Bhutan and eastern part of India namely North Bengal and Assam quite steadily. Dawar says he will consider Norvic to have achieved success the day when nobody from Nepal has to go to Singapore, Bangkok or India for treatment. That should be our long term goal, to give patients enough confidence and dissuade them from going abroad for treatment, Dawar confides.</p>
<p>
	The hospital is particularly proud of its association with Dr Naresh Trehan, the Founder Chairman of Medanta - The Medicity. Eminent Cardiologist Dr Bharat Rawat was placed at Norvic Hospital by the prestigious Escorts Heart Institute and Research Centre (EHIRC) for a period of three months in 1997. But he liked it so much here that he has been with us for 14 years now, Dawar tells with a smile. Norvic is currently working towards specialising in five more critical areas to be converted to its portfolio of super specialities.</p>
<p>
	Our intention is to stay contemporary with the latest technology and development in the chosen field of medical sciences and provide quality care at affordable price to everybody who comes to us seeking treatment,Dawar concludes on a positive note.</p>
<p>
	<span style="font-size:14px;"><strong>Milestones</strong></span></p>
<p>
	<strong>1993: Norvic registered as Norvic-Health Care &amp; Research Centre Limited. Services started with 30 beds. </strong></p>
<p>
	<strong>1997: Shifts to its own premises in Thapathali&nbsp; a 100 bed facility.</strong></p>
<p>
	<strong>1998: MoU signed between Norvic and Escorts Heart Institute &amp; Research Centre, New Delhi to start a Heart Command Centre.</strong></p>
<p>
	<strong>1999: Centre for Neurological &amp; Allied Sciences established. Neurosurgical Procedures started. First Pacemaker Implant conducted.</strong></p>
<p>
	<strong>2000: First Cath Lab in the country established.</strong></p>
<p>
	<strong>2002: First Beating Heart CABG Procedure and Coronary Angioplasty (PTCA) carried out. Norvic certified with ISO 9001:2000 Certification for Quality Management System.</strong></p>
<p>
	<strong>2003: Peripheral, Cerebral, Renal and Carotid Angioplasties carried out.</strong></p>
<p>
	<strong>2004: Norvic starts a dedicated state-of-the-art Digestive Disease Centre with Endoscopy, Sigmoidocopy and Colonoscopy facilities. Obstetrics &amp; Gynaecology department established.</strong></p>
<p>
	<strong>2005: Mini PCNL commenced to enhance and specialise the Urology faculty. CT scan established. Immunisation programme for the United Nations started. Norvic signs billing agreement with Vanbreda International of Belgium.</strong></p>
<p>
	<strong>2006: First everTotal Knee Replacement surgery carried out. Norvic signs agreement with the Asian Development Bank (ADB) for medical care. <br />
	</strong></p>
<p>
	<strong>2007: State-of-the-art Mission: Save Heart Mobile CCU started. Norvic signs agreement with UNMIN for medical care.</strong></p>
<p>
	<strong>2008: Norvic signs agreements with International Organisation for Migration (IOM) and Department for International Development (DFID).</strong></p>
<p>
	<strong>2009: Sophisticated GE Innova-2000 Fixed Cath Lab installed to further enhance Interventional Procedures. Advanced Diagnostic Centre comes into operation. Norvic Institute of Nursing Education (NINE) established. Norvic joins hands with Action Aid and GTZ providing them health care packages and facilities.</strong></p>
<p>
	<strong>2010: Specialised Dental Care added to the existing facilities. First ever Laser Surgery starts in the history of Urology in Nepal. The 3rd phase of Norvic's expansion plans begins.</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<span style="font-size:14px;"><strong>SWOT Analysis</strong></span></p>
<p>
	<strong>Strengths:</strong></p>
<ul>
	<li>
		&nbsp;Established Brand Name</li>
	<li>
		&nbsp;Best Hospital for Critical Care</li>
	<li>
		&nbsp;Clean and Hygienic Ambience</li>
	<li>
		&nbsp;Complete Line of Products as a Multi Speciality Hospital</li>
	<li>
		&nbsp;Good Team of In House Doctors</li>
	<li>
		&nbsp;Central Location</li>
	<li>
		&nbsp;Mobile CCU and 24 hrs Emergency &amp; Trauma Care</li>
</ul>
<p>
	 </p>
<p>
	<strong>Weaknesses:</strong></p>
<ul>
	<li>
		People's Perception of Norvic being a Costly Hospital</li>
</ul>
<p>
	<strong>Opportunities:</strong></p>
<ul>
	<li>
		&nbsp;Expand to other Super Specialities</li>
	<li>
		Tie Up with Medanta“ The Medicity</li>
	<li>
		Medical College (fi rst batch in 2014)</li>
</ul>
<p>
	<strong>Threats: <br />
	</strong></p>
<ul>
	<li>
		Competition with International Manpower &nbsp;</li>
</ul>
<p>
	 </p>
<p>
	 </p>',
			'published' => true,
			'created' => '2012-02-24',
			'modified' => '2012-09-17',
			'keywords' => '',
			'description' => 'Norvic commits
itself to care
and looks at
providing world
class quality
healthcare at an
affordable cost.',
			'sortorder' => '543',
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '579',
			'article_category_id' => '39',
			'title' => 'SG Global: Entering A New League',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><img align="top" alt="corporate focus" border="5" hspace="4" src="http://newbusinessage.com/ckfinder/userfiles/Images/corporate-focus3.jpg" style="width: 257px; height: 102px;" vspace="4" /><br />
	</strong></p>
<p>
	<strong>SG Global Pvt Ltd, established in August 2011, is a fully owned subsidiary of the well known Shanker Group, an industrial and trading conglomerate. It is the authorised distributor for Sharp Electronics (Japan) and Mahindra Two Wheelers (India) in Nepal. â€œWe want to create a truly professional and multinational company in the sense how we work,â€ says Akhil Gupta, Director of SG Global Pvt Ltd. He adds, â€œOur desire is to run the company in a professional manner and let that environment accomplish for our employees, customers and associates.â€</strong></p>
<p>
	<strong>Even though Shanker Group was an established trading conglomerate involved in trading of popular brands such as Konka Electronics and Force Electronics, SG Global was conceived as a trading and representation wing of the group to pursue trading of worldwide brands in a more aggressive manner. Gupta says that each product has a certain way of getting advertised. He observes that while commercial advertising is good for electronic products, itâ€™s BTL (below the line) activities that work better for two wheelers. He explains, â€œFor two wheelers, commercial advertising can only create awareness. We have to eventually bank on BTL activities for the pull factor.â€</strong></p>
<p>
	After studying the Nepali market over a period of time and realising the potential for two wheelers, SG Global plunged into the market following a deal with Mahindra Two Wheelers Limited. â€œWe were impressed with the growth trend for two wheelers in Nepal with economic condition of the people in the country improving considerably,â€ justifies Gupta. He presents the statistics, â€œA total of 129,000 two wheelers were sold in the Nepali market last year out of which 21,000 were scooters. This spurred us to sell Mahindra scooters â€“ already popular in the Indian market â€“ in Nepal.â€</p>
<p>
	<strong>Human Resource <img align="right" alt="corporate focus" border="5" height="192" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/director.jpg" vspace="1" width="150" /><br />
	</strong></p>
<p>
	The company has 70 employees on its payroll with its workforce spread across its corporate office at Tinkune, Sharp showroom at Naxal and the two showrooms of Mahindra Two Wheelers at Teku Road and Naxal. Mahindra showrooms at Teku Road and Naxal are spread over 4,000 sq ft and 1,500 sq ft respectively. Gupta believes that everyone in the company is a decision maker in his or her own right. He elaborates, â€œWe have this culture of inculcating a sense of responsibility in everyone who is part of the company. I am confident that a sense of ownership among employees certainly helps the fortunes of a business enterprise in the long run.â€&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span style="font-size: 12px;"><strong>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; <br />
	</strong></span></p>
<p>
	<span style="font-size:12px;"><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Akhil Gupta:-Director</strong></span></p>
<p>
	<strong>Infrastructure</strong></p>
<p>
	With its modern sales and service infrastructure in place, SG Global promises to offer customers a world class buying and ownership experience. It has kick started operations with 14 dealers across Nepal and plans to expand its network by adding another 78 dealers across 72 towns of Nepal within a yearâ€™s span.&nbsp; Six out of these 78 dealers will be appointed at strategic locations within the valley including at Balaju, Kalanki, New Baneshwor, Bhaktapur and Boudha. â€œAll these dealers will have well equipped 3S (sales, service and spares) set ups at their respective locations,â€ Gupta asserts.</p>
<p>
	<span style="font-size:14px;"><strong>Sharp Electronics</strong></span></p>
<p>
	SG Global â€” the authorised distributor of Sharp Electronics in Nepal â€” has its Sharp Showroom in Naxal, Kathmandu with a view to offer original and high-tech electronic home appliances to Nepali customers. <img align="right" alt="sharp electonics" border="2" height="138" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/sharp.jpg" vspace="1" width="200" />Sharp, a renowned and popular Japanese brand has been ruling the roost not only in its home country but also across the world. The showroom showcases a wide range of Sharp products including Audio Visual products such as Box TV, LCD and LED TVs, DVD and Home Theatre. While its Home Appliances include Microwave Ovens, Vacuum Cleaners, Washing Machines, Air Purifiers and Refrigerators, it also has Small Appliances such as Rice Cookers, Jars and Pots.</p>
<p>
	<strong>Competition</strong></p>
<p>
	Since Mahindra Two Wheelers is a relatively new brand in Nepal, SG Global is looking to establish the brand first. It is in direct competition with Honda and Hero Honda, the other scooter marketers in Nepal. Gupta enthuses confidence though, â€œOur products are unique and we are certain that we can pull it off having a strong team which knows how to compete.â€</p>
<p>
	<strong>Future Plans</strong></p>
<p>
	SG Global is on its way to consolidate the existing business, says Gupta, â€œSharp and Mahindra Two Wheelers are both very strong brands so it makes our job a bit easier.â€ He, however, reiterates that the companyâ€™s current business model requires consolidation over the next couple of years. He also says that, meanwhile, he is open to other business opportunities that might come his way but more importantly, businesses that suit the market dynamics. The company has kept itself a reasonable target of selling 3,000 scooters within the remaining period of the current fiscal year. Given the scootersâ€™ popularity and customersâ€™ attraction towards the brand, itâ€™s already expecting to reach the figure of 5,000 scooters during the same period; it is selling 25 scooters on an average each day. â€œThe day we feel we have built a company which stands for the purpose of its establishment and implemented the system in our own unique way, we would consider our mission accomplished,â€ Gupta signs off on a positive note.</p>
<p>
	<strong>SWOT Analysis</strong></p>
<p>
	<strong>Strengths</strong>&nbsp; Strong Brands and Infrastructure&nbsp;</p>
<p>
	Flagship Service Centre covering 6,000 sq ft coming up at Naxal</p>
<p>
	<strong>Weaknesses&nbsp;</strong></p>
<p>
	Competitive Market (Pricing, Market Share) Opportunities</p>
<p>
	Growing Market for Scooters</p>
<p>
	Urbanisation Threats</p>
<p>
	Being a new entrant</p>
<p>
	Inexperience in Two Wheeler business</p>
<p>
	<strong>Mahindra Two Wheelers</strong></p>
<p>
	SG Global was appointed the authorised distributor of Mahindra Two Wheelers for Nepal in November this year. Its two showrooms at Teku Road and Naxal in Kathmandu sell three Mahindra Two Wheeler products â€“ Rodeo, Flyte and Duro. These scooters are priced at Rs 159,900, Rs 151,900 and Rs 145,900 respectively. The products will also be sold through the dealers appointed by the previous distributor of Mahindra Two Wheelers. The scooters have already been in the market for a year before there was a change of hands in distributorship. Mahindra Two Wheelersâ€™ Research and Development (R &amp; D) wing is ceaselessly working on motorcycles which are the largest segment of the two wheeler market in Nepal. It promises to soon expand its product line by offering motorcycles as well. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '2012-02-22',
			'keywords' => '',
			'description' => 'SG Global
promises to
offer customers
a world class
buying and
ownership
experience.',
			'sortorder' => '481',
			'image' => null,
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	(int) 10 => array(
		'Article' => array(
			'id' => '518',
			'article_category_id' => '39',
			'title' => 'Qatar Airways: World 5-star Airline',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="font-size:12px;"><img align="right" alt="" border="1" height="121" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/ramdas.jpg" style="margin:10px;padding:10px;" vspace="5" width="150" />Having started its operations in Nepal with a single flight each day about a decadeand- a-half ago, Qatar Airways has come a long way indeed. Aptly awarded a 5-star rating by Skytrax (a UK-based consultancy that carries out international-traveller surveys and ranks airlines and airports), it has increased its frequency to four flights each day beginning 1 October this year. Qatar Airways flies out of Kathmandu every day at 9:45 am, 8:30 pm, 9:30 pm and 11:30 pm.</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">While the first two flights primarily carries migrant workers, the next two mostly have passengers who use the airline as a network carrier to reach their respective destinations in North America, South America, Africa and Europe, informs Ramdas Shivram, Country Manager for Nepal. Migrant workers boarding the 9:45 am and 8:30 pm flights go on to connect with GCC (Gulf Cooperation Council) countries and passengers on board 9:30 pm and 11:30 pm flights use the airline's hub Doha as a transit point to continue their onward journey to other continents. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">The next two flights comprise expatriates living in Nepal, tourists as well as Nepalis living abroad, adds Shivram saying that around 5,000 passengers used the airline's services each way within the first 10 days of operations since flight frequency increased 1 October onwards. With four Airbus A320 carriers flying out of Kathmandu and, correspondingly, four flights coming into the city each day, Qatar Airways in Nepal sees the potential of selling in the region of 420,000 seats per annum. Shivram, who joined the airline in 2005 and took over its Nepal operations in November 2010, says Qatar Airways has expanded in Nepal after sensing a large potential in the country. On a global level, it aims to be the biggest international carrier. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;"><strong>Advertising &amp; Promotions </strong><br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">An essential part of its marketing strategy, the airline seeks to reinforce brand position efforts and provide a platform to deliver credibility for its brand. It makes every possible effort to expand brand visibility and link Qatar Airways brand attributes and values with its customers to establish lasting and loyal relationships with them. While ATL (Above the line) advertising is taken care of by its global head office, the airline indulges in local advertising and promotions by sponsoring sporting events such as golf, organising road shows, holding promotional programmes directed at travel agents, supporting educational programmes on television and publishing advertisements and media releases in major daily newspapers. Shivram cites an example, To promote knowledge about the recent increase in flight frequency, we organised a road show where we approached top 50 travel agencies in Nepal. It was a very successful event.<br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;"><strong>Work Culture</strong></span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">Qatar Airways has 42 people working at its Kathmandu office, a sizeable number for a foreign airline. It has always tried to hire individuals who can work independently on their own. Shivram, who himself is equipped with a post graduate diploma in human resources, is well acquainted with critical issues such as organisational behaviour. He says that his expertise comes in handy while dealing with his colleagues at work. We try to hire the best talent available and send them to Doha for training. I personally believe in giving ample time and room for adaptation and mentor co-workers who show intent to shoulder greater responsibilities,he further states.</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;"><strong>Market Potential <br />
	</strong></span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">The airline is growing at 35 per cent per annum globally and flies to 107 destinations (Oslo, Norway launched on 5 October this year being the latest one) worldwide with an impressive fleet of 100 aircrafts. It plans to serve more than 120 key business and leisure destinations across Europe, Middle East, Africa, Asia Pacific, North America and South America with a fleet of over 120 aircrafts by 2013. From Nepal's perspective too, Qatar Airways aims to become the number one airline in terms of time, connectivity and delivering best service. And to achieve this objective, it offers attractive schemes pertaining to specific destinations during the off season. Shivram rubbishes criticism from certain quarters that Nepal does not have a great deal to offer civil aviation in terms of numbers. He says, The fact that as many as 27 international carriers are operating in Nepal is proof enough that this market holds tremendous potential. He further believes that better infrastructure, improved navigation system and enhanced security arrangements at the Tribhuvan International Airport along with making it operational for 24 hours a day can do wonders for Nepal's civil aviation prospects. <img align="left" alt="plane" border="1" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/ari.jpg" style="width: 344px; height: 145px; margin: 10px; padding: 10px;" vspace="5" /><br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;"><strong>Unprecedented Success <br />
	</strong></span></p>
<p style="text-align: justify;">
	<span style="font-size:12px;">The airline takes incredible pride in being a national carrier representing the State of Qatar. Voted Airline of the Year 2011 in the prestigious Skytrax industry audit, Qatar Airways has won the confidence of the travelling public. Since its re-launch in 1997, it has reached the pinnacle of the airline industry for outstanding in-flight service, superior onboard products, and operational excellence among others. Shivram attributes the record success to the airline's clear objectives, ambitions and a focused CEO in Akbar Al Baker. Since becoming the CEO of Qatar Airways in 1997, Al Baker has been instrumental in shaping Qatar Airways into one of the fastest growing and most highly acclaimed airlines in the world. Over the last decade, he spearheaded the airline's growth, which operated only four aircrafts in a regional capacity prior to his appointment. Our decision of continuing to expand even during the difficult period of global recession a few years ago has fetched us handsome dividends, asserts Shivram. Despite being a foreign entity in Nepal, the airline has tasted success because it realised the need to get into the roots of the local culture and acted on it. Shivram says, Practicing the corporate philosophy of Qatar Airways along with correct product positioning and successfully establishing the right business environment has got us this far. Being responsible to internal as well as external customers is absolutely vital for any company's success, he concludes.<br />
	<br />
	<br />
	</span></p>',
			'published' => true,
			'created' => '2011-11-16',
			'modified' => '2012-09-17',
			'keywords' => '',
			'description' => 'Our decision of continuing to expand even during the difficult period of global recession a few years ago has fetched us handsome dividends.',
			'sortorder' => '423',
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	(int) 11 => array(
		'Article' => array(
			'id' => '458',
			'article_category_id' => '39',
			'title' => 'Kumari Bank: Innovations Galore - September 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<div style="text-align: justify;">
		<span style="font-size:12px;">By <strong>Pinaki Roy<br />
		<br />
		</strong></span></div>
</div>
<div style="text-align: justify;">
	<span style="font-size:12px;">Ever since it came into existence over a decade ago, Kumari Bank Limited (KBL) has been at the forefront of innovations such as SMS Banking, Auto Sweep and Internet Banking. Providing competitive and modern banking services with high degrees of quality and customer satisfaction, KBL takes pride in its cutting-edge product line and new and better ways to enhance banking experience for its patrons at large.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">Therefore, it comes as no surprise that KBL has chosen to continue with its tradition of creating innovations and serve unfulfilled needs of all classes of customers located in various parts of the country. It has always focused at prioritising the priorities of its valued customers by offering modern and competitive banking products and services at their door steps. In recent times, the bank won the coveted Billionth Award South Asia for Kumari Mobile Cash in New Delhi, India, on 23 July 2011. It also launched Kumari Secure Mind Home Loan in August this year in association with Shikhar Insurance Company which promises to minimise risks on home loans.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<h3>
	<span style="font-size:12px;">mBILLIONth Award South Asia 2011</span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;">KBL bagged the mBILLIONth Award South Asia for Kumari Mobile Cash during the mBillionth South Asia International Summit 2011 held in New Delhi, India, on 23 July this year. The award was won in the m-business &amp; commerce/banking category on a platform that recognised some of the key innovative applications and services and honoured excellence in the arena of mobile communications across South Asia. They were basically looking for new innovations which have impacted the overall economy, especially at the bottom-of-the-pyramid. And, Kumari Mobile Cash was our best bet, Radhesh Pant, the CEO of KBL reminisces. He informs that the bank did spend considerable time on its questionnaire as part of the preparation for the event.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">From a total of over 200 applications from Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka, 21 were selected as winners spread across 11 core categories, with Kumari Bank, the sole winner representing Nepal. Pant delightfully states that the summit was a fitting platform not just for the bank to showcase its innovation but also for Nepal to show the world that it indeed has the capability to be recognised as a breeding ground for innovative minds. Winning a prestigious award like this has given the bank a boost and has helped people know more about the product besides, of course, bringing immense happiness to the KBL team. We are very happy because we believed in this product. The basic reality is that when our work is recognised, it gives us confidence and impetus to move forward,Pant announces cheerfully. The bank has calculated that if it could only tap 10 per cent of the total 10 million mobile users in Nepal, it will open an overwhelming opportunity with a million strong subscribers at its disposal.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<h3>
	<span style="font-size:12px;">Kumari Mobile Cash</span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;">This revolutionary service that uses mobile phones to provide access to financial services was launched by KBL on 17 August 2010 in partnership with Leapfrog Technology Inc, a Boston-based US firm with a development centre in Nepal. The first of its kind, Kumari Mobile Cash pioneered the mobile wallet concept in Nepal which allows users to store cash balances in their mobile phones.&nbsp;Users are then able to deposit and withdraw cash from their mobile phones and use the stored cash value for various purposes such as remittance, bill payments, and airtime recharge with the push of a few buttons.&nbsp;Currently, the customers can avail this service from Kumari Bank's branches or from its authorised agents present across the country.&nbsp;</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">Due to varied landscape and lack of physical infrastructure in Nepal, telecom is the best way to reach people in the hills and the mountains, says Pant. He adds, In a country like Nepal, access is very poor but at the same time, mobile usage is increasing at about 40 per cent each year. Quite obviously, we wanted to be the first one to launch mobile wallet to focus on the 70 per cent of the households not having any access to formal banking system.With 14,000 users and close to 200 transactions each day, Rs 5 crore worth of transaction has been realised since its launch of the plan around a year ago. I personally believe the future of banking will be technology-led and specifically, mobile-led, Pant declares brimming with confidence.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">KBL has a contractual agreement with two of the largest telecom providers in the country namely Nepal Telecom and Ncell (these two operators collectively enjoy 95 per cent market share in the country). Close to 50 per cent of registered Kumari Mobile Cash members are non-bank customers. In a very short time span, the product has helped break traditional barriers in providing access to finance for the poor.&nbsp;With 70 per cent of the Nepali households yet to be tapped into formal banking, the bank believes that improving access to sustainable financial resources is real and achievable.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<h3>
	<span style="font-size:12px;">Kumari Secure Mind Home Loan</span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;">Most Nepalis dream to have their own house, which comes for hefty prices and that explains why home loans from banks and financial Institutions (BFIs) are so popular.&nbsp;However, the concept of disaster preparedness simply does not exist in the country where people don't do things until they are cornered in a crisis. Most people investing to buy houses are yet to realise the importance of insuring their houses. With this in the backdrop, a memorandum of understanding (MOU) was signed between KBL and Shikhar Insurance Company Ltd for Kumari Secure Mind Home Loan on 1 August 2011.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">The agreement signed by Radhesh Pant, CEO of KBL and Dip Prakash Panday, CEO of Shikhar Insurance Company promises to work as a milestone for the entire financial services sector in days to come. We want to secure the home loans that people borrow. This scheme will ensure that the family does not suffer in the event of an untoward incident affecting the primary borrower, reasons Pant. The product is a long term credit to consumers for the construction of house for both individuals and developers.&nbsp;It covers purchase of ready house or apartment, renovation or extension of house or apartment, and refinancing of immovable private property that are already financed by BFIs and secured by a registered mortgage.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">At times, the borrowers face various challenges in being able to pay back the loan. If the payment is made, the banks do not have any risk. Kumari Secure Mind Home Loan was launched to minimise the risks to both banks and clients in the event of non-repayment of loans by borrowers due to circumstances beyond their control such as critical illness, accidental death or permanent total disability and temporary loss of employment. All the existing customers of Kumari's Home Loan are eligible for the product and can avail this service from the retail unit of the bank. Basically, a partner product from Shikhar Insurance, the scheme is available only for Kumari's Home Loan subscribers.</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;">Being the first one to launch such a product, the bank is confident of doing well but realises that its success will take due time. The bank knows that advocacy is the most important aspect of the scheme and has educated and trained its staff accordingly throughout the country. The idea is to have employees operating customer service and teller counters to disseminate the message to patrons visiting KBL branches. It also expects that a certain amount of exposure can be ensured through the media as well. Pant signs off on an optimistic note saying, â€œI know that people are not forthcoming about insuring their houses but this can change. We, at Kumari are very positive that the product will provide food for thought to investors deciding to secure their home loans.</span></div>',
			'published' => true,
			'created' => '2011-10-11',
			'modified' => '2012-10-04',
			'keywords' => '',
			'description' => 'Ever since it came into existence over a decade ago, Kumari Bank Limited (KBL) has been at the forefront of innovations such as SMS Banking, Auto Sweep and Internet Banking.',
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	(int) 12 => array(
		'Article' => array(
			'id' => '435',
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			'title' => 'R K Associates: Aiming High - August 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="text-indent: 0in;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><img align="left" alt="corporate focus" border="1" height="202" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/cor.jpg" style="margin: 10px; padding: 10px;" vspace="10" width="350" />The business journey of R K Associates dates back to 1978 when Dr Rajesh Kazi Shrestha, an energetic, young and pro-active entrepreneur established Rajesh Concern with the objective of focusing on hospitality and trading business. It imported various kinds of goods from around the world and helped promote Nepal to strengthen its trade relations with many countries.<br />
	<br />
	Today, R K Associates has diversified manifold and has stakes in every business segment. With its over three decades of experience in trading and services sectors, it manages various assignments and projects in automobiles, banking, insurance, information technology, flooring, medical equipment and supplies, fast moving consumer goods and many more. The group is behind the presence of many leading household, home decor and high-end products in the market. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The group is now among the most trusted names in Nepal and has forged, nurtured and maintained global alliances over the last 33 years. Its founder Dr Shrestha was honoured by International Journal of Non-Aligned Countries and Foreign Policy Research Institute (FPRI), New Delhi, with an honorary PhD in February 2010. He says, I attribute our growth to the deep understanding of local markets, people and customs </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">It currently has a turnover of USD 20 million. It&nbsp;has contributed to the national economy and promoted infrastructural and entrepreneurial capability of Nepal. It is closely associated with prestigious domestic and international federations and associations. A former Assistant Minister of Industry, Commerce and Supplies, Dr Shrestha holds several prestigious positions. He is Chairman of Nepal-China Chamber of Commerce &amp; Industry and International Chamber of Commerce, Nepal. He is also a Past President of Nepal Chamber of Commerce. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Group Mission</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The group looks at integrating dealers, distributors, retailers, suppliers and joint venture partners into the R K Associates family. It is currently focusing on branding of its products and consolidating them in the market. It is looking forward to NADA (Nepal Automobiles Dealers Association) Expo in September 2011 for showcasing different vehicles from its stable. Dr Shrestha says, Through our hard work, we want to reach as high as possible and prove our worth in the market. The group also plans to help orphanages and sponsor underprivileged students as part of its CSR (corporate social responsibility) activities. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Human Resource</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">R K Associates aims to recruit, develop, motivate and retain the best talents within the country and provide them a challenging and demanding environment. It fosters a strong emotive feeling of oneness and ownership among the employees within the company. The group aspires to transform into a model corporate institution and make its employees proud to be part of the group. It provides employment to close to 250 people out of which 38 people work for Constant Business Group alone.</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Management Style</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Dr Shrestha believes in giving employees the liberty and opportunity to prove themselves. He says, Instead of me telling them what to do, they should come and update me on the latest information. He says he is most happy working as the link and let his employees do all the work. He goes to great lengths to ensure that the employees feel at home and treat the group as their own. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">He strongly feels that political stability and government's economic policies are key to nation's prospects. We are going through the most difficult phase now. If the government policies are good, I am sure businesses will prosper and generate employment for hundreds of thousands of youth who are leaving the country due to lack of opportunities. Dr Shrestha believes that the government would do better if it consults the private sector before taking decisions or implementing them, in the larger interest of the nation. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div>
	<span style="font-size: 14px;"><span style="line-height: 115%;">He says it is the government's duty to reduce taxes on automobiles so that the industry is saved from a certain collapse. He also recommends that the government should focus on phasing out the vehicles that are over 20 years old. The government's policies have had an adverse impact on the industry as it has experienced a huge market slump. This has obviously resulted in reduced revenue for the government, he says. </span></span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; vertical-align: middle;">
	<span style="font-size: 14px;">SWOT Analysis</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Strengths</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp; Teamwork among partners</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Hard-working staff</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Honesty</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp; Trust</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Weaknesses</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">Inability to penetrate the market</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">Lack of aggression</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Opportunities</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">Possibility of a favourable government policy</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Threats</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">Over import by all vehicle distributors</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="line-height: 115%; color: black;">More supply than demand</span></span></li>
</ul>
<div>
	<span style="font-size: 14px;"><br />
	</span></div>
<div>
	<span style="font-size: 14px;"><br />
	</span></div>
<div>
	<span style="font-size: 14px;"><i>Sister Concerns</i></span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Constant Business Group Pvt Ltd</span></span></div>
<div>
	<span style="font-size: 14px;">Established in January 2007, this company distributes vehicles from China (Zotye, Lifan, Jonway, Grand Tiger and Lobo), Malaysia (Proton) and South Korea (Ssangyong). R K Associates was awarded the best distributor for Zotye in 2009. The company has sold over 300 units of Zotye so far out of which 75 units were sold in the last one year. Among other vehicle products, 50 units of Ssangyong have been sold, so far. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Nepal International Business Pvt Ltd</span></span></div>
<div>
	<span style="font-size: 14px;">A trading house established 17 years ago, it imports tower crane, film faced plywood, commercial plywood and hotel supplies. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Status Trading Pvt Ltd</span></span></div>
<div>
	<span style="font-size: 14px;">This trading house that started 3 years ago imports furnishing, flooring carpets, laminated flooring and PVC. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Alliance Insurance Company Ltd</span></span></div>
<div>
	<span style="font-size: 14px;">R K Associates is affiliated with this insurance company as a promoter which has Dr Shrestha on its Board of Directors. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Rajesh Concern</span></span></div>
<div>
	<span style="font-size: 14px;">It's the first entrepreneurial venture of R K Associates and imports food items, readymade garments, carpets, PVC etc. </span></div>
<div style="margin-top: 5.65pt;">
	<span style="font-size: 14px;"><span style="color: rgb(134, 55, 59);">Soaltee Hotel Limited</span></span></div>
<div>
	<span style="font-size: 14px;">Dr Shrestha features in the Board of Directors of Soaltee Hotel Limited.</span></div>',
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			'created' => '2011-09-24',
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	(int) 13 => array(
		'Article' => array(
			'id' => '434',
			'article_category_id' => '39',
			'title' => 'Explore Asia Pacific: Satisfying Customers - August 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="margin-bottom: 0.0001pt; text-align: justify; line-height: 120%; vertical-align: middle;">
	<span style="font-size: 14px;"><b><span style="line-height: 120%;"><br />
	Neeraj Sharma</span></b></span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; line-height: 120%; vertical-align: middle;">
	<span style="font-size: 14px;"><span style="line-height: 120%;">Managing Director</span></span></div>
<div>
	<span style="font-size: 14px;"><span style="line-height: 115%;">Explore Asia Pacific Pvt Ltd</span></span></div>
<div style="text-align: justify; text-indent: 0in;">
	<span style="font-size: 14px;">Our ultimate objective is to become the number one in Solar and ICET distribution in Nepal.<br />
	<br />
	</span></div>
<div>
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; vertical-align: middle;">
	<span style="font-size: 14px;">Starting off as a distributor in 2009, Explore Asia Pacific Pvt Ltd has come a long way over the last two years. With its registered office in Narayanghat, it started with a small product basket. In mid-2010, it also ventured into the business of solar panels and desktop components from Simmtronics. Currently headquartered in Kathmandu, the company registered an annual turnover of Rs 120 million in 2010. Having gradually enhanced its product basket, it aims at a 300 percent growth in 2011. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Explore Asia Pacific is known for its ethical business practices and value-added approach which is solution-centric and vertically focused. Neeraj Sharma, Managing Director of the company, says, Our ultimate objective is to become the number one in Solar and ICET distribution in Nepal. It seems set to meet this objective as it already has a strong presence in the up-country regions and possesses management skills with proven controls and processes.</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The company claims it is fortunate to have dedicated partners as part of its organised distribution system. Sharma says, Along with the modern marketing and branding concepts, our knowledge and hold in the Nepali market has held us in good stead. It plans to invest in infrastructure and technology in the long term and aspires to establish sound performance in a short period of time, though of course, with a long term commitment. </span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Company Mission</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Explore Asia Pacific aims to have leading market shares for all products it deals with. It also envisions to have satisfied and loyal customers through value-added before and after sales services. Creating high recall brands is high on its agenda as it helps customers association by being reliable and trustworthy. Sharma says, We want to be the first choice as a distribution partner for both the vendor and the reseller by adding value to the supply chain through efficient logistics, high level of product knowledge, value-added marketing services and demand creation activities. The company is working hard to ensure wide and deep presence through an effective distribution system. It also wants to be able to create a profitable business proposition for all stake holders. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Brands and Products</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The company is proud to be associated with reputed and well known brands such as ADATA, Simmtronics, Genius, Panda, Jetway and Samsung among others. It deals in well-received products like classic pen drives, pen drives superior, Simtronics desktop, external HDD, memory card, monitors, graphics card, motherboard, RAM etc. Explore Asia Pacific also plans to launch its own brand and manufacture cabinets, PSUs, keyboards, speakers and headphones etc. The tremendous market potential has propelled us to think along these lines. Once the liquidity problem gets settled, the market situation will definitely receive a boost, Sharma reasons. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Human Resource</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">The company boasts of having a strong human capital and talent pool. It has among the best talents in the industry with professionals from different sectors and proven experience levels. We perform best practices in place like in-depth induction programmes, in-house training, performance management systems and employee satisfaction surveys, informs Sharma. The strong sense of bonding that exists in the company has ensured a very low attrition rate. The company currently has a workforce of 18 employees at its corporate office and plans to increase it to 35 from the new fiscal year once it unveils its expansion plans. Sharma believes in dealing with his staff in an honest manner which has paid rich dividends as he has got positive results from them. He thinks that Ajay Sadewra joining Explore Asia Pacific as Director-Operation in March 2011 was a major turning point for the company's fortunes. Sadewra was earlier associated with Neoteric Nepal. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 11pt 0in 0.0001pt; text-align: justify; vertical-align: middle;">
	<strong><span style="font-size: 14px;">Immediate Plans</span></strong></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Expanding with Explore Digital, an independent and retail chain, the company plans to open 10 retail outlets in the country. There will be four outlets at prime locations in Kathmandu alone. We will geographically divide channels for our 18 distributors beginning Shrawan, informs Sharma. The company plans to advertise its upcoming retail outlets in major national dailies as well as the distribution channels. Having established its credibility with the consumer segment, Explore Asia Pacific now wants to focus on the enterprise sector and spread its wings to cater to government organisations, NGOs and INGOs and Banking and Financial Institutions among others. The company that has already made its foray into the energy sector with solar equipment also plans to provide complete solutions from this fiscal year. It is slated to start production of solar items such as the lighting system which the company says holds a big potential in the market. </span></div>
<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="text-align: justify;">
	<span style="font-size: 14px;"><span style="line-height: 115%;">Sharma attributes Explore Asia Pacific's success to a number of factors including trust, profitability concern of the channel partners, adequate service mechanism and honesty. He adds, We have come this far because of our hard work, vision and market understanding. Among its competitors, Neoteric Nepal is doing well, he says. The company was awarded for good performance by ADATA during Computex held in Taipei earlier this year in June. It seeks to reach new heights demonstrating its value added services (VAS) through its envied network and ensuring price transparency, uniformity and dedicated service among others. </span></span></div>
<div>
	<span style="font-size: 14px;"><br />
	</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; vertical-align: middle;">
	<span style="font-size: 14px;">SWOT Analysis</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Strengths </span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Experienced Team</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Channel Strength</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Brand Image</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Product Range</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Technical Team</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Countrywide Presence</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Weaknesses</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Inability to incorporate MNCs</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Inadequate Product Basket</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Being a fairly new company</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Opportunities</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Unorganised ICT market</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Unprofessional Distribution Channels</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Marketing growth in various pockets</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Government embracing e-governance</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Financial sector growth</span></span></li>
</ul>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 14px;">Threats</span></div>
<ul>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Unstable political scenario</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="color: black;">&nbsp;&nbsp; Unstable government</span></span></li>
	<li>
		<span style="font-size: 14px;"><span style="line-height: 115%; color: black;">&nbsp;&nbsp; Unethical price cutting<br />
		<br />
		</span></span></li>
</ul>',
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			'title' => 'Etihad Airways: Fly With The Best - July 2011',
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	<span style="font-size: 11.5pt;">E</span><span style="font-size: 9.5pt;">tihad Airways is the National Airline of the United Arab Emirates (UAE). It has established itself as the world's leading airline in less than eight years. The airline was set up by a Royal (Amiri) Decree in July 2003 with UAE's capital Abu Dhabi as its hub. It commenced commercial operations in November 2003 and has gone on to become the fastest growing airline in the history of commercial aviation. The airline's near-term focus is on breaking-even in 2011 and moving into sustainable profitability in the following year. Etihad began daily flights to Kathmandu, Nepal on 28 October 2007 and maintains its corporate office at Yak &amp; Yeti Office Complex in Durbarmarg. We are happy with our success here in a short span of time and hope to increase our flight frequency sometime later this year, says John Rees Evans, Etihad's Country Manager for Nepal. He adds, Nepal is primarily a labour oriented market but there is tremendous potential in the business and leisure traveller segments as well.</span></div>
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<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">It has partnered with Gokarna Forest Resort (golf) and Dwarika's Hotel (ancient cultural heritage) locally to entice travellers from the Middle East to&nbsp;spend quality time in Nepal. Etihad carries out its sales functions through affiliated travel agencies in Nepal and encourages them by acknowledging their contributions as well as providing them incentives. It also indulges in indirect marketing with popular brands such as Coca-Cola and Suzuki for brand enhancement. The popularity of Indian television channels certainly helps with its spill over advertising effect in Nepal Etihad's TV promotional has brand ambassador Katrina Kaif appearing in a dance sequence at the first class lounge. A number of airlines from the Middle East enjoy a strong presence in the Nepali market. Our competitors have been operating in the market for a longer period than us but we have our own niche market to cater to, Evans exudes confidence about holding his own with the competition.</span></div>
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<div style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Evans believes in treating people the way he wants to be treated himself. He has been in Nepal for nine months now and calls it a pleasant experience. The employees here in Kathmandu that works with me are surprisingly good and very enterprising people, He said. He lets people perform their best and believes in leading by example. He asserts that Etihad being a relatively new entity has its own advantages. We don't have the baggage like some other international airlines and enjoy reasonable freedom, he tells. Looking at growing the market, Evans is buoyant about the current legislation of own <span style="letter-spacing: 0.05pt;">handling at Tribhuvan International Airport (TIA). He is particularly positive about Nepal's only international airport beginning 24 hours operation anytime soon.<br />
	<br />
	<br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size: 9.5pt; line-height: 115%;">Etihad Nepal is working towards implementing fast track operations through its counters at TIA. As part of its endeavour, it has already established a separate counter for business travellers while checking-in at TIA. It also boasts of a shared executive lounge for business travellers operated by Hotel Radisson. We have plans to have chefs on board flights to cater to personal taste of our travellers, Evans states. The airline also provides attractive packages for Kathmandu flights by announcing news tariffs which are aimed at improving passenger satisfaction levels and contributing towards Nepal's tourism sector.</span></div>
<div style="margin-top: 0.15in; text-align: justify;">
	Etihad Airways-Nepal factsheet</div>
<div style="margin: 5.55pt 0in 0.0001pt 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">Flight Details:&nbsp;&nbsp;&nbsp;&nbsp; Kathmandu (KTM) Abu Dhabi (AUH)</span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 days a week</span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mon, Wed, Sat&nbsp; 5:30 pm and </span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sun, Tue, Thu, Fri&nbsp; 9:15 pm</span></div>
<div style="margin: 5.55pt 0in 0.0001pt 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">Aircraft Model: &nbsp;Airbus A330-200 / A320 </span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (as per availability)</span></div>
<div style="margin: 5.55pt 0in 0.0001pt 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">Employees:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 employees at the Corporate Office</span></div>
<div style="margin-left: 61.75pt; text-indent: -61.75pt; text-align: justify;">
	<span style="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 Ground Staff at TIA</span></div>
<div style="text-align: justify;">
	<br />
	 </div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-indent: -11pt; vertical-align: middle; text-align: justify;">
	<span style="font-size: 11.5pt;">SWOT Analysis</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Strengths:</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Motivated employees </span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Strong product and service</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Can Do approach</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Good connectivity through the busy Abu Dhabi hub</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Weaknesses:</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Comparatively a new entrant</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Opportunities:</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Building density into the network</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Optimising the fleet and its utilisation</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Reaching profitability</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Planning for growth</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Continuing to innovate</span></div>
<div style="margin: 5.65pt 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt;">Threats:</span></div>
<div style="margin: 0in 0in 0.0001pt 11pt; text-align: justify; text-indent: -11pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size: 9.5pt; color: black;">&nbsp;&nbsp; Frequent strikes</span></div>
<div style="text-align: justify;">
	<span style="font-size: 9.5pt; line-height: 115%; color: black;">&nbsp;&nbsp; Security issues<br />
	<br />
	<br />
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FOREX

Currency	Unit	Buy	Sell
U.S. Dollar	1	121.23	121.83
European Euro	1	131.65	132.31
UK Pound Sterling	1	142.47	143.18
Swiss Franc	1	124.29	124.90
Australian Dollar	1	71.69	72.05
Canadian Dollar	1	83.90	84.32
Japanese Yen	10	10.94	11.00
Chinese Yuan	1	17.17	17.26
Saudi Arabian Riyal	1	32.27	32.43
UAE Dirham	1	33.01	33.17
Malaysian Ringgit	1	27.36	27.50
South Korean Won	100	9.77	9.82

Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)

Bullion

Fine Gold	1 tola	77000.00
Tejabi Gold	1 tola	76700.00
Silver	1 tola	720.00

Update : 2020-03-25

Source: Federation of Nepal Gold and Silver Dealers' Association

Petroleum

Petrol	1 Liter	106.00
Diesel	1 Liter	95.00
Kerosene	1 Liter	95.00
LP Gas	1 Cylinder	1375.00