Pang Nares Project

The Royal Spa Co., Ltd Business Plan

For

Pang NARES Health Care Amper Banrai

UtaiThani 61140

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

2

Disclaimers The Royal Spa Co., Ltd. (TRS) has prepared this business plan (BP). The information contained herein is confidential and proprietary and by accepting a copy of this confidential proprietary BP, the recipient agrees not to copy, reproduce, distribute or permit disclosure to others of this BP, in whole or in part, without the prior written consent of TRS and that it will keep confidential all information contained herein not be issued to public and will use this BP solely for the purpose of evaluating a possible investment to TRS or raising funds to TRS and for no other purpose whatsoever. The projections and pro forma results contained in the BP represent the best estimates of management by TRS made based on information presently available. They are subject to judgments, assumptions, and contingencies, many of which are beyond TRS ability to control and actual results may vary significantly from projections. None of the information, data, forecasts, projections, or descriptions contained herein is warranted. Representations and warranties will make only in a definitive investment agreement to be negotiated and executed between TRS and an investor or lender. Accordingly, TRS shall not be liable for any misstatement contained herein and for the omission of any information, which may be material. This BP shall remain the property of TRS and shall be returned upon the request of TRS.


3

CONTENT

Executive Summary ......................................................................................... 6 1. OBJECTIVE .................................................................................................. 10

1.1 The Objectives of the Project:-............................................................................ 10 1.2 The Objectives of the Loan Request................................................................ 11

2. COMPANY SUMMARY ............................................................................... 12 2.1 Our Story.......................................................................................................................... 12 2.2 EU-Thailand Partenariat 2005............................................................................. 13 2.3 Opportunity .................................................................................................................... 15 2.4 The Royal Spa Board of Consultant .................................................................. 17 2.5 The Royal Spa Board of Management ............................................................. 18

3. INVESTMENT PLAN .................................................................................. 19 3.1 Capital Utilization ....................................................................................................... 19 3.2 Loan Utilization ....................................................................................................... 19 3.3 Loan Drawdown Schedule ................................................................................ 20 3.4 Loan Liquidation Plan ............................................................................................. 22

4. PROJECT DESCRIPTION ......................................................................... 23 4.1 Head Office - Bangkok .......................................................................................... 23 4.2 Project Location and Physical Analysis........................................................ 32 4.3. Project Description................................................................................................... 57 4.4 The Current Project .............................................................................................. 59 4.5 The Infrastructure ................................................................................................. 61 4.6 Period of the Project ............................................................................................ 62 4.7 Pictures of the Current Project...................................................................... 62

5. PROJECT CONCEPT DESIGN.................................................................. 71 5.1 Pang NARES Concept ........................................................................................... 73 5.2 Master Plan Concept............................................................................................. 73 5.3 Spa Concept Designed......................................................................................... 74 5.4 Pang NARES Goals ................................................................................................. 78 5.5 Pang NARES Values .............................................................................................. 78 5.6 The Accommodations........................................................................................... 79 5.7 Pang NARES Natural Products Manufacture ............................................. 84 5.8 General Administration – MAIN FACILITIES ............................................. 86 5.9 Pang NARES Botanical Garden .............................................................................. 89

6. ARCHITECTURAL DESIGN..................................................................... 90 6.1 Pang NARES (PN) Market.................................................................................. 90 6.2 Medical Spa .................................................................................................................... 90 6.3 Life Enhancement Center (Health & Healing Center) ...................... 90


4

6.4 Clubhouse ..................................................................................................................103 6.5 The Accommodations .........................................................................................113

7. FACILITIES PROGRAM DESIGN........................................................ 114 7.1 Clubhouse - Meeting Space Capacities ........................................................114 7.2 Life Enhancement Center.....................................................................................115 7.3 Home Health Care College (Hhcc) ..................................................................116 7.4 Hhc Accommodations ............................................................................................116 7.5 Natural Products Manufacturer...................................................................120 7.6 Main Facilities ............................................................................................................121 7.7 Renovation Of The Infrastructure .............................................................126 7.8 Summarization of Renovation & Construction...................................127

8. ACTIVITIES @ Pang NARES .............................................................. 128 8.1 Jungle Trekking .........................................................................................................129 8.2 The Jungle Medical Spa @ Spa Complex.....................................................130 8.3 Energy Work ................................................................................................................131 8.4 Healing Movement ...................................................................................................131 8.5 Life-Path Guidance ..................................................................................................132 8.6 Stone Therapy ............................................................................................................133 8.7 Massage/Sauna .........................................................................................................133 8.8 Conferences .................................................................................................................134 8.9 Medical Health Care.............................................................................................134 8.10 I T Hub ............................................................................................................................135

9. THE MARKET OPPORTUNITIES .......................................................... 135 9.1 Definitions: ...............................................................................................................135 9.2 The Health Tourism Markets: .............................................................................137 9.3 Why Thailand can Become Healthcare Tourism Hub Destination?138 9.4 SPA Business Structure in Thailand...............................................................139 9.5 How Pang NARES Health & Sport Park Get Involved? .......................140 9.6 A Unique Gateway to Affordable, ...................................................................141 World Class Health Care Services in PANG NARES ...........................................141 9.7 Health Tourism is a Synergy Between .........................................................142 9.8 Pang NARES Culture, Pang NARES Knowledge: .....................................142 9.9 Factors that will be effective to the Project Successes ....................143

10. THE MARKET ANALYSIS ...................................................................... 144 10.1 Spa Market ...................................................................................................................145 10.2 Herbal Products Market In 2005 ....................................................................157 10.3 Data For Spa Investment In Bangkok Office ..........................................158

11. MANAGEMENT SUMMARY ........................................................................ 169 11.1 Organizational Structure .....................................................................................169 11.2 Management Team ..................................................................................................170 11.3 Manning And Salry ..................................................................................................197


5

12. FINANCIAL ANALYSIS........................................................................ 200 12.1 General Assumptions ............................................................................................ 200 12.2 Pro-forma Sale Value.................................................................ผิดพลาด! ไมไดกําหนดที่ค่ันหนา 12.3 Sales Forecast ............................................................................................................ 202 12.4 Break-Even Analysis .............................................................................................. 204 12.5 Pro-forma Profit & Loss ....................................................................................... 206 12.6 Pro-forma Cash Flow............................................................................................. 211 12.7 Pro-forma Balance Sheet.................................................................................... 213 12.8 Business Ratios Analysis .................................................................................... 215 12.9 Financial Benchmark .............................................................................................. 216

13. APPENDIXES ........................................................................................ 217


6

Executive Summary Project Name Pang NARES Health Care Project Project Owner The Royal Spa Co., Ltd. Pang Nares Co., Ltd. Site & Location The total area is 160.4 acres. Pang NARES locates on #113, Ban-Eloop to Khao Putuey Road, Moo 3, Ban Hintum, Amper Banrai, Uthaithani Province 61140 – Thailand. Total Investment Sum $ 40,475,000 Funding Required $36,000,000 Project Description Loan Utilization (US$)

Purchase Property & Construction 22,671,216 Infrastructure & Landscaping 4,000,000 Tools & Equipments and Furniture 3,178,784 Refinance 2,000,000

Working Capital 4,150,000 Total 36,000,000 Loan Repayment

PANG NARES will pay the interest at 4% maximum per annum. Pang NARES will pledge the project itself as assets against the loan amount. The loan principal shall be liquidated annually and will be discharged within 10 years. Why Pan Nares? Over the past several decades, Thailand has become one of the fastest growing tourism industries within the services sector especially as the economy transits into a post-industrial society. Backed by a steady rise in the number of tourists flocking into the country, especially travelers from western countries like US, UK and Europe, the tourism industry has rapidly become one of the prime sectors in the Thailand economy. Tourism is second major incomes contributions to Thailand economy, which is next to the manufacture industry. The focus on the tourism sector as a potential growth area certainly


7

help to diversify the Thailand economy and to reduce the over-dependence on the manufacture sector, which has suffered a setback in these times of global economic uncertainty. Previously confined to travel packages and tourists attractions, the tourism industry now covers a variety of new sectors, which the government has identified as key growth areas that will spearhead the country’s tourism industry. One of the potential growth areas is Health Tourism, and ready to become the key money spinner for the Thailand tourism industry. However, for many years now, countries like India and Singapore have already been aggressively promoting health tourism through various medical care packages. Upon realizing the large economic gains to be reaped, other countries are also quickly following suit. For example, Hungary has recently declared 2003 as the Year of Health Tourism, while the idea of mixing leisure together with healthcare is not a new concept in the tourism scene. All health-care-cum-tourism activities, which can generate wealth for the local economy, are categorized under health tourism. This means that any healthcare program, which covered medical care, wellness and fitness, are included as components under health tourism. Simply put, health tourism can also be defined as travels for the purpose of enhancing the well-being of the mind, body and spirit of the individual, families and groups. Local hotels are also cashing in on the potential from Health Tourism. Hotels are tying up with medical centers to offer medical holiday schemes or health-check packages, which combine accommodation and full health screening to cater for this group of travelers. Together with the rising trend towards wellness and relaxation, hotels are also tapping into this new market segment by providing a fairly comprehensive wellness facilities and offering spa holidays and health rejuvenation packages to guests. There is no doubt that Thailand can have the potential to become one of the popular Healthcare Tourism Hub for medical services in Asia. One of the main advantages that we are able to capitalize on is the cost factor. The cost of healthcare in Thailand is by comparison cheaper than her regional competitors. Besides being lower in cost, the healthcare industry in Thailand is well equipped with adequate, highly trained specialists, up-to-date facilities and supporting services that are comparable to those hospitals abroad. We have to search for opportunities that will not only generate additional income earnings but also ensure long-term sustainable development. And health tourism could just be the key to more foreign exchange earnings and at the same time, compensate for weakness in the export-oriented manufacture sector. Private hospitals stand to gain much from health tourism. The potential gains from health tourism as a tourism product to capture a larger tourist audience and its contribution to the national economy are simply enormous. Given our country’s diverse culture and rich heritage, together with the presence of well-established and affordable health facilities, Thailand has all the essential ingredients to become a serious player in health tourism. With continuous and collaborative efforts by both the government and Pang NARES (The Royal Spa Co., Ltd.), in the long-term, Thailand can expect to garner huge rewards from health tourism.


8

Marketing Strategy -In 2002, the readers from Conde Nast Traveler voted Thailand the second place with an overall score of 93.67%, after Australia (93.87%) with Thailand receiving the highest score of 97.18% in the people and hospitality criteria. -Thai spa industry achieved 64% growth for the period 2000-2002 -Overseas spa patrons accounted for 79% of the country's total spa clientele - yet another clear vote of confidence for Thai spas. -Revenue from Thai spa in 2004 is 5.7 billion baht The spa industry arrived in The Kingdom in early 1990. Today spa business has expanded into modern health resorts offering everything one need for relaxation. In Bangkok, several day spa establishments opened to accommodate a growing demand from a growing middle to a higher income Thais. Going hand in hand with the tourism boom, Thailand has also been dubbed as the Hub of Spas in Asia. Spa is a lifestyle rather than a fashion. Modern day spas encompass the health and wellness elements that are vital to the present day hectic and stressful lifestyle. Many people no longer see spa as just a ‘pampering’, but as a requisite to stay healthy and look good. Spa is not just a Thai massage or various treatments. It is about offering an experience at your spa. What a new spa entrepreneur requires is a firm understanding of the ways in which the ingredients of the spa experience are being redefined. The final investment in a spa will depend on the ‘feel” you wish to create. Spa and beauty business today has become essential for many working individuals especially to women who consider beauty comes first. Many researches show that most of the women around the world are very concerned about their figures, weights and fats. Obesity causes women to lack self confident and these access weights are the cause of many health problems. Spa, beauty and massage are the answer to these health problems. Without going through the plastic surgery, people can loose access fats and tighten their cellulite through the good old massage therapy. Financial Forecast Below is shown the Financial Forecast of the project for 15 years financial plan (in US$). Sales Value : 356,036,917 Sales Cost & Expenses : 123,964,227 Operating Profits : 232,072,691 Operating Profit Margin : 65% Internal Rate of Return (IRR) : 14.54% Net Present Value (NVP) : 62,252,381 (15 Yrs -4% Discount) Pay Back Period : Within 8 years 1 month.


9

Board of Consultant

1. General Visnu Thani 2. M.R.(Princess) Songsri Hirunrak 3. Dr.Louise Champates 4. Dr.Hirun Hirunpradith 5. Pharmacist Sirisakdi Thani

Board of Management

1. Pharmacist Wasina Thani Managing Director 2. Mr. Siwat Thani General Manager 3. Miss Siwattra Thani Sales Manager 4. Miss Soontari Supapunt Field Manager 5. Mr.Sompol Poramapoj Factory Manager

Contacted Person: Pharmacist Wasina Thani – Managing Director The Royal Spa Co., Ltd. Tel: 0-2561-1417, 08-1986-4099

Fax: 0-2579-1295

E-mail: [email protected]


10

1. OBJECTIVE 1.1 The Objectives of the Project:-

1. To create Home Health Care Community - For Long-Stay Health Care - Institute of Health Care Personnel

2. To promote Thai Herbal Medicines

3. To be the leader in Medical Care through Holistic Approaches by Thai Traditional Wisdom

4. To promote Medical Spa business and as well as Thai Herbal Spa products

5. To impart a truly Contemporary Thai Spa Experience and create a distinct identity for Contemporary Thai Spa

6. To have a branding and presence in the International spa arena, export and franchise Thai Culture and Heritage through the Contemporary Thai Spa Concept

7. To create Health Care Tourism

8. To help dwellers (inhabitants) around the World Heritage Forest “HUAI KHA KHAENG” in running ECO-Tour and be the suppliers for herbal medicine drugs instead of low cost plant crops

9. To unveil A constitution of living through the strong belief of Buddhism in meditation and inner tranquility

Spas in Thailand have acquired an identity worldwide in offering a total wellness experience only to be found in Thai Spas. One vital component, which is the most important in contributing to the success of the existing spas in Thailand, is the Thai Hospitalities. “Pang NARES” by The Royal Spa Co., Ltd. aims to introduce to the world the Contemporary Thai Spa Concept and a franchise business. We will introduce three models Thai Spa Prototype which targets at different scales of clients. The Royal Spa is a luxurious spa concept aiming at the upper middle class to high-end consumers. Pang NARES Spa aims at the middle class or those who seek quality service that is reasonably priced while Ban RAI Spa is more for those who look toward a quick relieve


11

from the busy daily activities and concern about value for money. Each spa comprises of slightly different service program and different style of treatment areas. The treatment areas, type and number of treatment rooms will affect the total capacity for revenue generated by each type of spa. 1.2 The Objectives of the Loan Request

Pang NARES project has been set up since 1993. The project was supported by the THARAKORN Financial Credit Company under the Bureau of Crown Property, which was change the business type and stop the loan support because of the Finance crisis in 1996. Though Pang NARES still be the efficient project in development by the customers who bought the lands and those who are waiting for the servicing products proposed, the crown property re-engineering and changed her policy in running the business to the Sufficient Economy Plan anyway. In this loan request, we will invest in renovation and development the Medical Spa products and services. We will fill the project with more efficiency in management to lead the project to be the leader in Long-stay and Health-care Tourism, especially in Medical Spa Business to serve the World Rejuvenation by the Holistic approach. Our products and services are according to the Thai Government Policy which is pushing Thailand to be the Leader of Health Hub in Asia and to be the World’s Fresh Market.


12

2. COMPANY SUMMARY 2.1 Our Story

Sirisakdi and Wasina Thani, owners and founders of The Royal Spa Co., Ltd., live in Bangkok. Both of them are from Ubolrajthani, North Eastern part of Thailand. They are pharmacists.

Throughout his career, Sirisakdi, who retired from Thai FDA in July of 2004, worked in the field of control measurement in food and drugs, known for its dangerous and awareness in consume the things. Unfortunately, in 1999 he was admitted in the hospital because of stroke. More than 2 weeks in the hospital, he went back home half paralyzed. Wasina, an expert in pharmaceutical and food supplement products in private practice for more than 35 years, put him on her holistic approach ideas of healing. She combined conventional treatments with Thai Wisdom Traditional Therapy to help her husband. Only a week after, the man was recovered that he could walk again. Within a month he drove to FDA Building, back to his work again. Wasina has counseled many highly stressed family and people who were looking for their health and well being through a radio channel. She gave them the way of thinking and how to practice to learn the purpose in their lives.

They decided that they wanted to fulfill their dream to blend together their two disparate careers into a single project by creating a center in which people from all walks of life would come to enjoy meetings or to be enlightened about issues important to their well being. More than anything else, they wanted to create a way to inspire people to find peace and balance between their work, personal, and spiritual lives. They also wanted to build a sense of community, and so the idea of The Royal Spa was born. The Royal Spa Co., Ltd. was established in 1993, after Wasina closed Home-Office Project in Sukhumwit Soi 11 Road, Bangkok, in 1992. Both of the owner fall in peace in the place of mountains scenery which is Pang NARES today. The company was supported by a financial section of The Bureau of Crown Property named Tharakorn Credit Financial Co., Ltd.


13

The project was landscaped by Dr.Thanis Charoenpongse, one of the best architecture who created Architectural program designed and master plan landscape for The Dusit Thani Group and Boonrod Brewery Group. They developed the land and sold some of the living area which is divided into small pieces to friends whom are doctors, pharmacists, politicians and businessmen. The project has been changed because of the Economic Crisis since 1997. At that moment, TAT (Tourism Authority of Thailand) happened to come across the Royal Spa-Pang NARES. TAT asked Pang NARES to be part of their sales promotion in Eco-Tourism. So until now, Pang NARES is in the TAT website. The Royal Spa Co., Ltd. established Pang NARES Training School for Elderly and Children Assistances in 1998. The students will be supported by The Government loans through the Labor Development Department, Ministry of Labor. From year 2002 onward, one of the Government policies is promoting Health by Thai Traditional Wisdom in Medicinal, Spa and Massage practices. Wasina Thani was appointed by Health Department, Ministry of Public Health, to be one of the committee for Spa Practice Regulation Policy. 2.2 EU-Thailand Partenariat 2005 The Royal Spa Co., Ltd. was selected by The Office of the Board of Investment (BOI) to participate and exhibit in EU-Thailand Partenariat 2005 which was created for SMEs. The company was categorized in the High Value-added Services section. The objectives of the meeting are the four freedoms:

1. Free movement of persons 2. Free movement of goods 3. Free movement of capitals and 4. Free movement of services

The meeting brought The Royal Spa Co., Ltd to be in the list of EU-Thai Traders. We met approximately 200 EU companies selected by 25 National Counselors approved by The Office of the Broad of Investment in Thailand and 300 Thai companies selected by The Office of the Broad of Investment in Thailand following a Promotional campaign throughout Thailand. The benefits we got are:

1. Gives The Royal Spa had the opportunity to meet European companies in order to establish long-term partnerships.

2. Presents the company with an opportunity to discuss specific projects which require EU methods and technology, R&D, know-how or financing.

3. Gives the Royal Spa an opportunity to compete in the European market. 4. Provides a better understanding of the expectations of the European

market/consumers and foreign tastes of companies abroad. 5. More than 25 companies keep in touch until today.


14

Business Match Making The Royal Spa was Business matched with:

1097 Celsus Ltd.

1135 CONTIMER OÜ

1050 ORIENTAL HOUSE OÜ & REVAL ESTATE OÜ

1052 ERAKLIINIK DENTES AS

1092 SORADNE SA

1066 Liberator Holding bv

1099 Promotrade Srl

1046 Touche' Creative Business Solutions srl

1151 Griffith College

1163 SCHILTZ ARCHITECTES INGENIEURS S.A.

1073 Institute for quality in services and communication

1181 RAFI Travel Ltd

1078 Reisebuero Mondial GesmbH

1047 Massimo Cugusi Public Relations

1084 Moja kariera d.o.o.

1048 Business Firm Ltd

1049 PHIL MOINE DESIGN

1105 Ministry of Economic Affairs of the State of Brandenburg

1114 APROP-A2,SL

1191 German-Thai Chamber of Commerce


15

2.3 Opportunity

Opportunity to promote The Royal Spa Co., Ltd to companies in High valued-added services Industry.

High valued-added services Industry

1009 Novac Engineering Srl 1011 Ruby Mear Group of Companies 1012 General Exports Ltd. 1015 HORNOS Y METALES S.A. 1016 MIRROR 1017 MIRROR 1018 FARFALLA BONETTI, S.L. 1019 ECOBURÓ CONSULTING 1020 TEAM, Tecnología Europea Aplicada al Movimiento,S.L. 1021 Neck Child SA 1022 Arte Joya Vetusta SL 1023 Catherine Renault Design 1024 Top Gear Bridport Ltd

1026 Cley Spy Limited 1030 East West Enterprises 1034 Vision Engineers 1035 LuxRiviera SA 1013 Geslact S.L 1033 iku-windows intelligente Fenstersysteme AG 1034 Vision Engineers 1035 LuxRiviera SA 1036 ARNEG GROUP 1038 Wire Belt Company Ltd 1039 Grandeg Wood Pellet Boiler Factory Ltd 1040 Marine Pumps and Compressor Components 1042 Ticians Ltd 1043 PMM - Projecto, Moldes, Manufactura Lda 1046 Touche' Creative Business Solutions srl 1047 Massimo Cugusi Public Relations 1048 Business Firm Ltd 1049 PHIL MOINE DESIGN 1050 ORIENTAL HOUSE OÜ & REVAL ESTATE OÜ 1051 SAS - Soluções e Analise de Sistemas Lda 1052 ERAKLIINIK DENTES AS 1053 Pastorkalt a.s. 1054 HAUSSMANN INNOVATION


16

1056 VÉSNÖK Ltd. 1057 BHMD 1058 ENZet PPHU Zbigniew Niewiadomski 1059 ROZTOCZE Zaklad Uslugowo-Produkcyjny, Rak Roman 1062 SARL Aujourd'hui ou Mardi 1064 KORIFIDIS BROS & CO 1065 DRL Import – export 1066 Liberator Holding bv 1067 PAUL WURTH INTERNATIONAL TAIWAN 1069 Italian Chamber of Commerce for South East Asia-ICCSEA 1070 ARPEX Ltd. 1072 KOKON D.O.O. 1073 Institute for quality in services and communication 1075 AVANT PREMIERE PRODUCT DESIGN 1076 Iskra Avtoelektrika d.d. 1077 Ing. Sumetzberger GmbH. 1078 Reisebuero Mondial GesmbH 1079 TOUS LES TROIS 1080 LIV Plastika d.o.o. 1083 ARIADNI S.A. 1084 Moja kariera d.o.o. 1085 EUROMIP 1086 GANCI 1087 K. LAVRENTIADIS S.A. 1088 FRANCEM 1091 Fimartel - Industrial Electrica de Coimbra Lda 1092 SORADINE SA 1093 Fronius International GmbH 1095 STP Trading 1096 Rfr Technology Srl 1097 Celsus Ltd. 1098 Rhino srl 1099 Promotrade Srl 1100 Netgroup SPRL 1101 MONDIALISOL S.A. 1102 ELGI Consulting 1105 Ministry of Economic Affairs of the State of Brandenburg 1106 IT-Technology Gesellschaft f. industrielle Elektronik und Informationstechnologie mbH 1109 EGO SPORT HUNGÁRIA Ltd. 1110 MB-technology Asia Ltd. 1111 LANTEK AUTOMATIZACIÓN S.L. 1113 KENDU S. COOP 1114 APROP-A2,SL 1115 INZVOK PROYECTOS Y MEDICIONES ACUSTICAS, S.L. 1116 APECAL – Union of employers for business development 1117 GORATU MAQUINAS HERRAMIENTA, S.A 1118 Generos de Punto Montoto 1121 The Advance Group


17

1122 PREFILTER, S.A. 1125 Csaba Metál joint stock company 1127 PROMODIAN AGENCIA DE SERVICIOS PLENOS SL 1128 LegitiName 1129 KEBACK AB 1130 RUKO Precision Tools Germany GmbH 1131 POLYACRYL S.A. 1132 Kill & Associates 1135 CONTIMER OÜ 1136 Arcelor International Singapore 1137 Arcelor International Thailand 1140 GREMCO 1141 Mid Yorkshire Chamber of Commerce and Industry 1142 Firma David Ulfstrand 1144 imporgaia - importaçao e exportaçao, lda 1145 CREDIT AND EXPORT GUARANTEE FUND KREDEX 1146 TCG Unitech lth-ol d.o.o. 1147 Patter er GmbH 1149 Mc Nally Design International 1150 Eagle Global Logistics 1151 Griffith College 1152 Oskar Herzel 1153 DEXTRA HOLDING 1158 CP3 Group Ireland 1159 Ashville Media Group 1160 AsiaCenter Ltd. 1161 Murcia International Traders 1162 AsiaCenter Ltd. 1163 SCHILTZ ARCHITECTES INGENIEURS S.A. 1164 MISS BIJOUX 1165 MST group c/o MST Sys-Tech Ltd.& Co.KG 1166 Primofol 1167 Solmark Ltd 1168 Anita Dr. Helbig GmbH 1169 RECKINGER PEINTURE DECORS S.A.R.L. 1173 Conseiller du Commerce Exterieur The details of the company profiles are listed for additional information if we missed the chance to make an appointment in business meeting.

2.4 The Royal Spa Board of Consultant

6. General Visnu Thani 7. M.R.(Princess) Songsri Hirunrak 8. Dr.Louise Champates 9. Dr.Hirun Hirunpradith 10. Pharmacist Sirisakdi Thani


18

2.5 The Royal Spa Board of Management

1. Pharmacist Wasina Thani Managing Director 2. Mr. Siwat Thani General Manager 3. Miss Siwattra Thani Sales Manager 4. Miss Soontari Supapunt Field Manager 5. Mr.Sompol Poramapoj Factory Manager


19

3. INVESTMENT PLAN 3.1 Capital Utilization

Capital Utilization

Description Owner Loan Total Invested Land & Properties 4,475,000 4,475,000 Purchase Property & Construction 22,671,216 22,671,216 Infrastructure & Landscaping 4,000,000 4,000,000 Tools & Equipments and Furniture 3,178,784 3,178,784 Refinance the Assets 2,000,000 2,000,000 Working Capital 4,150,000 4,150,000 Total 4,475,000 36,000,000 40,475,000

3.2 Loan Utilization We need the loan amount of 36 M to implement and utilize the project as details hereunder:

Loan Diversify

Amount (Million USD) 1. Refinance the assets

2,000,000 2,000,000

2. Renovation and construction in the project -Cluster I (Club-house) -Cluster II (Life Enhancement Centre)

-Cluster III (Home Health Care College-HHCC) -Cluster IV (HHC Accommodation) -Cluster V (Natural Products Manufacturer)

-Cluster VI (Main Facilities)

00.800 M 01.000 M 01.000 M 05.550 M 02.700 M 02.000 M 13,050,000

3. -Infrastructure (Roads, Electricity and Lake) - Landscape & Gardening

03.000 M 01.000 M 4,000,000

4. -Cluster VII (Purchase Bldg and Office in BKK)

12.800 M 12,800,000

5. Working Capitol

4,150 M 4,150,000

TOTAL

36,000,000


20

Loan Utilization

Refinance6%

Working Capital12%

Tools & Equipments and Furniture

9%

Infrastructure & Landscaping

11%

Purchase Property & Construction

62%

3.3 Loan Drawdown Schedule The loan amount shall be drawdown monthly as hereunder:


21

Description Month 1

2 3 4 5 6 SUB

Drawing TOTAL

2.5 0.2 - 0.2 - 0.2 3.1

2. Refinance the Assets2.0 - - - - - 2.0

3. Landscape Gardening0.3 0.1 0.1 0.1 0.1 0.1 0.8

0.5 0.5 0.5 0.5 1.0 - 3.05. Bldg. Renovation& Construction

15.0 - 1.5 - 1.5 - 18

6. FF & E - - - - 1.0 0.5 1.5

TOTAL 20.3 0.8 2.1 0.8 3.6 0.8 28.4

Description Month 7

8 9 10 11 12 GRAND

Drawing Year2007

TOTAL

- 0.2 - 0.2 0.3 0.4 4.2

2. Refinance the Assets- - - - - - 2.0

3. Landscape Gardening- 0.1 - 0.1 - - 1.0

- - - - - - 3.05. Bldg. Renovation& Construction

1.5 - 1.5 - 1.6 - 22.6

6. FF & E 0.5 0.4 0.4 0.4 - - 3.2

TOTAL 2.0 0.7 1.9 0.7 1.9 0.4 36

1. Administration

4. Infrastructure Renovation

1. Administration

4. Infrastructure Renovation


22

3.4 Loan Liquidation Plan The loan terms shall be 10 years and will be liquidated within 10 years. The interest rate will be 4% per annum and shall be payable in arrears annually. The loan principal shall be payable annually from 2nd year until the loan completely liquidated. For venture capital, PANG NARES is ready to negotiate with JV partner for their terms and conditions as well as the equity proportion holding in the project. The Loan repayment shall schedule as follows:

Loan Repayment Schedule Loan Amount: 36,000,000 Interest Rate: 4% Loan Term: 10 Years

End of Year Interest Principal Balance 1 1,440,000 Grace 36,000,000 2 1,440,000 3,500,000 32,500,000 3 1,300,000 4,000,000 28,500,000 4 1,140,000 4,000,000 24,500,000 5 980,000 4,000,000 20,500,000 6 820,000 4,000,000 16,500,000 7 660,000 4,500,000 12,000,000 8 480,000 5,000,000 7,000,000 9 280,000 5,000,000 2,000,000 10 80,000 2,000,000 0 8,620,000 36,000,000


23

4. PROJECT DESCRIPTION 4.1 Head Office - Bangkok It is located on RAMA 9th Road, next to PIYAWEJ Hospital. The land is 0.832 acres (2 RAI and 8 Square WAH). The back of the place is SAMSANE canal (KLONG SAMSANE). There are three buildings. The first one in front is the office building. At the back, approximately 8 meters from the main office, are the 3 units of 3 storey town houses and the 4 storey Apartment building. 1. The OFFICE BUILDING The building is 7 storey with basement of 80 car parking lots. The capacity is 12,000 Sq. M. with two elevators.


24

The West Side. The picture was taken from the parking lot of PIYAWEJ Hospital.

Taken from RAMA 9th Road Taken on RAMA 9th Expressway


25

The picture was taken from inside out.


26


27

2. The TOWN-HOUSE BUILDING It is three storey town-houses, 3 units with Granite pavement. The capacity is 435.40 Sq. M. The first floor will be the lobby for guests who are in this building. The 2nd – 3rd floor can be rearranged into 18 bedrooms.


28


29

3. THE APARTMENT Building The four storey apartment with capacity of 893.55 Sq. M. The first floor is Main Hall, Office & Storage, Kitchen, pantry, and 2 rest rooms. -2nd - 3rd Floor: 2 suite rooms of 64 Sq. M. each (2 Bedrooms with pantry and sitting room) and 2 studio bedroom (28 Sq. M.) -4th Floor: 1 suite with 2 bedrooms, pantry and sitting room. -The veranda on the top is 8 x 16 meters (128 SQ.M.)


30


31


32

4.2 Project Location and Physical Analysis

4.2.1 Location Attribute Analysis

LOCATION The project is situated in the beauty of The World Heritage Forest “HUAI KHA KHAENG” the forest himself is the World Wild Life sanctuary as well. Approximately 160 acres of beautiful wildness is yours to explore and experience. We are more than happy to help you coordinate a tour of the greater HUAY KHAKHAENG valley and all that it has to offer, and for special occasions or group gatherings, spectacular events in our Stalactites & Stalagmites Caves can be arranged. Pang NARES is a place where nature is the primary amenity. It surrounds you wherever you go, and is gracefully incorporated into the architecture to create a unique feeling of intimacy with the environment. It’s a lifestyle that embraces its surroundings, blurring the distinction between indoors and outdoors. Locates at 113 Moo 3 on the road from Ban E-LHOUP to PUTUEY Mountain, Amper Ban Rai, UtaiThani Province, 61140.


33


34

Welcome to My WorldWelcome to My World

version="1.0" encoding="UTF-8" "http://earth.google.com/kml/2.0" Place mark name>Pang NARES< Look At <longitude>99.48747946221765</longitude> <latitude>15.02732178119722</latitude> <range>18111.96718480054</range> <tilt>3.080318904894097e-012</tilt> <heading>0.2262018378404811</heading> </LookAt><styleUrl>root://styleMaps#default+nicon=0x307+hicon=0x317< /styleUrl> <Point><coordinates>99.47167187528611,15.04615980934499,0<


35

Pang NARES @ ThailandPang NARES @ Thailand


36

แผนภาพติดตามรอยพระยุคลบาท สมเด็จพระนเรศวรมหาราช


37


38

SUPHANBURI


39

Pang NARES

July 2005

KHAO LHAEM

เขาแหลม

KHAO Ta SAENG

เขาตาแสง

KHAO KRAWEN เขากระเวน

Pang NARES

ปางนเรศวร

หุบเขาแหงกษัตริยValley of the King

4.2.2 Physical Attribute Analysis The land area is 160.4 acres or 6,987,024 square feet. She is next to a village named Ban HINTUM, Amper Ban Rai, UTHAITHANI.


40


41

4.2.3 The Boundary North is the road from Ban E-LHOUP to PUTUEY Mountain. East is next to the brook of Ban HINTUM village. South is hugged by KRAWAIN mountain range which is part of HUAI KHA KHAENG Natural Wildlife Sanctuary, World Heritage Forest, with the cliff and the caves full of stalagmites and stalactites to our own. West is Avatar Spa Mountain Suite Resort.

4.2.4 Environment Attribute Analysis Pang NARES is 160.4 acres attach to HUAI KHA KHAENG Mountain. The beautiful wilderness is yours to explore and experience. We are more than happy to help you coordinate a tour of our gigantic HUAI KHAKHAENG valley and all that it has to offer. It is our privilege to offer you for special occasions or group gatherings, spectacular events in our caves filled with natural Stalactites & Stalagmites and climbing up the natural high and steep cliff in own area. Hiking and climbing up on top of the mountain at the backyard of Pang NARES in March, one will be attracted the attention by the deep purple color of rare orchid called Seidenfadenia mitrata named after Prof.Dr.G. Seidenfadenia clings on the fork of the trees.

HUAI KHA KHAENG, the land of Natural Heritage of Wildlife Sanctuary is registered by the UNESCO as one of the World’s natural heritage forest on December, 13th 1991. Thai Cabinet decided on December 9 as the Memorial Day for HUAI KHA KHAENG – TUNGYAI NARESUAN Sanctuary. As certified by the UNESCO the forest is about 695,035 acres. The gigantic forest contains various classifications of biosphere exist. Marvelous rare wildlife, namely: particular


42

wild orchids as well as particular wild animals like gaur (Bos guarus), tapirs, and hornbills can possibly be found in this sanctuary. This includes the various botanical species which outnumber those in American or European forests.

4.2.5 Surroundings It is around by villages, school, Buddhist Temples (Wat Thum Khaowong) and resorts i.e. HUAY PA POK Resort, Avatar Spa Mountain Suite, HUAY KHAKHAENG Country Home Resort as well as tourist attraction points. Government Offices Nearby - HIN TUM School 1 Kilometer - HUAI PA POK School 4 Kilometers - BAN RAI Hospital (120 Beds): 7 Kilometers - BAN RAI Primary School 7 Kilometers - BAN RAI Government Offices Center: 8 Kilometers - UTHAI THANI Provincial Office 85 Kilometers Expectation for Tourists Arrival According to Research & Statistics Division Tourism Authority of Thailand (TOT), October 27, 2006, TOT report on tourists who arrived in The Kingdom of Thailand and the number/ratio was as the followings.

Region

Tourists Arrival

Ratio (%)

Southeast Asia

3,650,486

50.78

Europe

1,885,550

26.23

United States

548,261

07.62

South Asia

438,469

06.10

Oceanic

324,631

04.52

Middle East

278,721

03.88

Africa

62,684

00.87

TOTAL

7,188,802

100 %


43

The migration of world population is more and more every year effected by El-Nin-yo phenomenon. The changes of climate turn people to move all over the world, so we can see foreigners all around in upcountry areas. The project locates in a rural area which is in the valley (page3-4). TOT policy pushes the travel industry to this area by contributed support budget to Wat Thum Khaowaong, which is located in the other side of the mountains range of Pang NARES. The awareness to health condition brings human being back to the basic and the nature. The holistic approaches to maintain health are promoted all over the world as well as in the Kingdom of Thailand. Pang NARES is where the various phyto-medicinal plants naturally grow up, and so we as the PhD in Phytopharmaceutical scientists work in. Then, one of the project policies is to bring out the phyto-medicinal products and food supplements to heal mankind. 4.2.6 Pang NARES Activities EU-Thailand Partenariat 2005


44


45

Rollup for EU-Thailand Partenariat 2005


46


47


48


49

4.2.7 Pang NARES Attribution

Pang NARES Cliff is suitable for climbing.


50

Lots of Caves await you for searching in a wonderland!!!


51

Different shapes of stalactites & stalagmites


52

Guards of the Valley of the King

Buddha’s foot print ศิวะลึงค

AND MUCH, MUCH, MORE!!!!!


53

4.2.8 Tourist Areas nearby 1. Avatar Spa Mountain Suite Resort Just across the road besides the project, Avatar Spa Mountain Suite Resort is next to Pang NARES.

The pictures was taken from Pang NARES area.

2. “HUAI KHA KHAENG” World Heritage Forest & Wildlife Sanctuary Uthai Thani is a province abundant in natural resources, such as forests and wildlife. “Huai Kha Khaeng Wildlife Reserve” here was proclaimed a Natural World Heritage Site on 13 December 1991. The reserve has jungles, forests, plains, many streams, and most importantly, a number of rare and endangered animals. Due to the verdant nature of the area, Uthai Thani is a province with unspoiled natural tourist destinations that are of interest to tourist everywhere. Furthermore, visitors can see the different lifestyles of locals, such as the life of raft residents on Sakae Krang River, a waterway that aided the birth of the province and which has been a lifeline for its people since ancient times. It is also where provincial trading has flourished. Life revolving around the river eventually grew from a community into the major province that it is today. The most striking indication of the bond between the people and the river since the old days is that in 1906, when King Rama V visited northern provinces and stayed in Sakae Krang village, the monk Phra Khru Uthai Tham Nithet (Chan) built 2 twin rafts to receive the king. This clearly showed the importance of the river and the lifestyle of the people living off it in that period.


54

In addition, at the end of the Buddhist Lent, Buddhists from all directions congregate in the province for a major merit-making tradition called Tak Bat Thewo at the foot of Khao Sakae Krang at Wat Sangkat Rattana Khiri. This festival has been held in Uthai Thani since ancient times.


55

3. WAT THUM KHAOWONG


56


57

4.3. Project Description Project Management The project is managed by: The Royal Spa Co., Ltd and Pang NARES Co., Ltd. Size and Location The total area is 160.4 acres. Pang NARES locates on #113, Ban-Eloop to Khao Putuey Road, Moo 3, Ban Hintum, Amper Banrai, Uthaithani Province. The Boundary North is the road from Ban E-LHOUP to PUTUEY Mountain. East is next to the brook of Ban HINTUM village. South is hugged by KRAWAIN mountain range which is part of HUAI KHA KHAENG Wildlife Sanctuary, World Heritage Forest, with the cliff and the caves full of stalagmites and stalactites to our own. West is Avatar Spa Mountain Suite Resort. Communication The project is located on the main road to tourist areas such as Wat Thum khaowong, Thum (Cave) Khao Putuey and Huai Kha Khaeng Wild Life Sanctuary. The road is currently 8.0 meters Width. The road is 30.0 meters Width allocated for the future extension.


58


59

Facilities within 10 Kilometers 4.3.1 Wat Thum Khaowong (2 Kilometers) 4.3.2 Wat Huai Pa Pok (2 Kilometers) 4.3.3 Ban Rai Hospital (120 Bed), (7 Kilometers) 4.3.4 Ban Rai Government District Offices (8 Kilometers) Etc. Population The project is in the rural area with low inhabitants which is perfect for those who came from the densely populated areas. 4.4 The Current Project Since the Economic Crisis in 1997, the support was cut, so the project keep on Accommodation, Food & Beverage selling and conducting Activities for organizations both from government and private sectors. The Home Health Care Idea and the Training School delayed, waiting for the new investor support or joint venture. The meeting rooms had many opportunities to serve the Privy counselor Mr. Kamthon Sindhuvanondha and M.R. (Prince) Thanadsri Svasti, Mr. Porn Penpas-the Senators and group of Local Politicians, the permanent secretary of Public Health Ministry and Health personnel, as well as the most famous models like “LOOKKADE”-Methani Kingpayome and “BENZ”-Pornchita Na Songkla. The current Minister of Public Health, Dr. Mongkol Na Songkla spent 3 days-2 nights at Pang NARES when he was the Secretary of FDA, and so did Dr.Pakdi Pothisiri, the former Secretary of FDA who turned to be one of the members of ปปช. Everyone who visited and spent the days and nights in Pang NARES admitted that it was a wonderful experience which they wish to be back again.


60


61

4.5 The Infrastructure The master plan of the project had been well designed by the famous landscaper, Dr. Thanis Charoenpongse. The project invested more than USD 21,000 for the contour. The fundamental of the roads were well constructed. Some roads are half finished, just another touch of stone and asphalt spreading left unfinished. Some are only well grounded, need the further construction, and so do other factors as the followings to service guests:

1. Roads 2. Lake and Irrigation 3. Electrical Works 4. Water Works 5. Swimming Pools 6. Lake/Reservoir 7. Botanical Garden


62

4.6 Period of the Project As soon as we are approved for the support loan, the project will start the program planned. Starting from day 1 of the loan program to 300 days, we expect for the Grand Opening Ceremony on the 5th of December 2007. 4.7 Pictures of the Current Project 4.7.1 Guesthouses

1. TONGKWAO Guesthouse


63

In front of TONGKWAO Guesthouse At the back

Lower Floor


64


65

Upper Floor


66

2. JAKKARASUDA House


67

3. The Cottage in Rose Garden

4. The Twin-houses


68

4.7.2 The Meeting Room


69

M.R. (Prince) Thanadsri Svasti & Privy Counselor Kamthon Sindhuvanonhda

Senator Porn Penpars & Local Politicians (อบจ.- อบต.)


70

4.7.3 Kitchen, Tea House and Dinning Halls


71

4.7.4 Security House

5. PROJECT CONCEPT DESIGN

Pang NARES Health & Sport Park is launched with the mission to initiate and promote health care tourism activities in Thailand. One of our major tasks is to present quality health related services to global trade community by utilizing “Thai wisdom of Thai traditional medical cares” combined with modern Phyto-pharmaceutical technologies. 1. Promoting Health Care Tourism. Pang NARES Health & Sport Park vision is to make a prestigious and internationally known health care tourism promotion portal and to provide a leadership role to the private sector for the promotion of Thailand as Asia Health Care Tourism Hub for foreign market. 2. Providing the Products and Information on Thai Herbs & Herbal Medicines Pang NARES will run and act as a Thai Herb Center with a central laboratory as well as a complete library on Thai Herbs & Herbal Medicines. Our Training College will provide Educational Systems for use in maintaining and promoting optimal health. Pang NARES Health & Sport Park is a portal where all participating health tourism related businesses and health tourists can tap into and to promote their services via this portal. Whether your get sick or own a good health you can afford yourself unbeatable advantages. 3. Creating Pang NARES Life Care Community (Long-stay) The way we live has changed dramatically since the start of this century. We live much longer, and stay much healthier. We live much more comfortably. Heat and air conditioning come with pressing a remote control. Phones and planes keep distant families within easy reach. We have options.


72

Perhaps they were better time – those days when parents of advancing age combated loneliness and regained security by moving in with their children ; perhaps not. It was a respective custom, but one which all too often infringed on the lifestyles of everyone involved. Today’s option is designed especially for clients. It combines a healthy, active environment and the services they will be need with an atmosphere which caters to their spirit of independence. 3.1 PANG NARES: 3.1.1 YOURS KIND of PLACE Welcome to Pang NARES. The most understanding and perfect life care community you don’t even imagine it exist in the World Heritage Forest. Attractive new residence buildings and busy activities centre will be rise up for the services you need. It features indoor shopping, banking, beautiful and delicious nutrition halls, Sanctuary with Meditation & pilgrim sidewalk, in-door and out-door aquatic centre, exercise rooms, classrooms in nutrition & Health educations, cultural events and much more. Your extensive on-site medical centre gives you the remarkable convenience of full time physicians as well as fully equipped offices and labs for your on-site dentist, podiatrist, ophthalmologist, cardiologist, optician, physical therapists, pharmacist, nutritionist and other important medical services. Choose the floor plan that suite you – from standard rooms, comfortable studios to spacious two bedrooms, two-bath apartments with dens, sunrooms, eating in kitchen and other amenities. The extraordinary activities and special spa services you will enjoy are the envy of communities everywhere. This is the most outstanding life care community of Thailand. Welcome To a Better Life!!! 3.1.2 YOURS HEALTH Quality Health is one of you most essential needs. At Pang NARES you will find an outstanding emphasis on convenience of medical services, and on personal medical attention. Health Maintenance – maintaining or restoring your good health –is one of Pang NARES primary concerns, plus the personal attention from the medical staff assure a follow-up program virtually impossible to find in any other environment. To show you the degree to which we are able to meet health emergencies and also deliver a full continuum of care, please carefully consider the importance of these programs:- 4. Training Health Assistants through Pang NARES Health Care College The college is for training young people to be health assistants or Curator to look after Elderly people or children. The course is 3 months for “Elderly Care” and 3 months more for


73

“Children Care”. They can enter the Government Education Loan to pay for the study fee and the accommodation. Pang NARES owns the license to run the Home Health Care School with the permission to get the student fee for ฿17,000 per semester. The advertisements have been done. While they study in the PN College, they work for the project to get the credit also. 5.1 Pang NARES Concept

1. Pang NARES H&SP is “The World Class Health Cares Portal”. 2. Pang NARES H&SP provides the “Wisdom of Thai Traditional Medicinal Cares”. 3. Pang NARES H&SP provides amazing leisure and recreation activities. 4. Pang NARESH&SP provides educational systems for maintaining and promoting

optimal health. 5. Pang NARES H&SP provides you an opportunity to make value of life.

5.2 Master Plan Concept The owners are pharmacists, one of them, the man, works with Thai Food and Drug Administration (FDA) for more than 30 years and the lady owner works with International pharmaceutical companies more than 15 years before turned to be a real estate developer. The landlady is very much interested and appreciated in herbal medicines because of her health problems in the early years of age. When they come across the land, they fall in love with the place, and then the ideas of Home Health Care by Thai Wisdom Herbal Medicines come up. The plan keeps the Market Place and the Medical Spa Zone located at both sides of the main entrance so that tourists or anyone can reach for these portion services without disturbing the hotel/ resort guests. The Market Place and the Medical Spa Areas will be the buffer for the project herself. The accommodations will be grouping into clusters for different group of guests. For example, the first cluster named Cluster Village A has 20 units, 10 units are in the lower floor, the left are on the upper floor. This cluster can service 40, up to 60 guests. Cluster Village B owns 28 units to serve 56 – 84 guests while Cluster Village C has only 14 units for 28 up to 42 special guests. The 3 Pool Villa will serve only 3 VIP guests. The different number of rooms in each cluster makes it easier to assign the guests in. Cluster Village A will be next to the Market Place. It is suitable for 40 guests (Tourists in 1 Bus) meanwhile Cluster Village B is fit for participants in a convention meeting. Cluster Village C is next to the Medical Center, suitable for Home Health Care Long-stay guests. The 3 Pool Villas will be on the brook-side near the Clubhouse and the Training School for Home Health Care Students and their apartments. The Private Valley will be filled with 20 Thai style houses, stretch along the foothill.


74

5.3 Spa Concept Designed Spas in Thailand have acquired an identity worldwide in offering a total wellness experience only to be found in Thai Spas. One vital component, which is the most important in contributing to the success of the existing spas in Thailand, is the Thai Hospitalities. The Royal Spa Co., Ltd., “Pang NARES”, aims to introduce to the world the Contemporary Thai Spa Concept and a franchise business. We will introduce three models Thai Spa Prototype which targets at different scales of clients. The Royal Spa is a luxurious spa concept aiming at the upper middle class to high-end consumers. Pang NARES Spa aims at the middle class or those who seek quality service that is reasonably priced while BAN RAI Spa is more for those who look toward a quick relieve from the busy daily activities and concern about value for money. Each spa comprises of slightly different service program and different style of treatment areas. The treatment areas, type and number of treatment rooms will affect the total capacity for revenue generated by each type of spa. All spa therapies and consultations are offered by experienced certified/licensed practitioners whose work reflects Pang NARES' wellness philosophy. Health Assessments Integrated Medical Assessment (M.D.) Chinese Medical Assessment (L.Ac.) Ayurvedic Medical Assessment Herbal Medicine Assessment (PhD. Certified Herbalist) Osteopathic Medical Assessment (D.O.) Holistic Chiropractic Assessment (D.C.)

Integrated Health

Every treatment begins with a soothing footbath while you sip a custom blend of tea, enjoying the gentle mountain breeze, the aromatic smell of the jungle and the tranquility of utter isolation.


75

Treatment Menu Natural Beauty Face make up Rooms Hands & Feet Balancing Treatments Energy Work Craniosacral Reiki Healing Touch Energy Healing Assessment Vocal Toning (Sound Healing) Healing Movement Trager Therapy (Movement Massage) Personalized Yoga Therapy Session with Take Home Program Personalized Alexander Technique with Take Home Program Life path Guidance Western Astrological Consultation Graphology Life Purpose Hand Analysis Spiritual Direction Focus on Wellness Personalized Wellness Retreats Wellness Coaching Treatments by Condition

Stress

• Aromatherapy Thai Massage • Chair Massage Craniosacral • Deep Tissue Massage Integrated Medical

Assessment • Neuromuscular Therapy Psychotherapy Session • Reflexology Shiatsu • Stone Spirits® Massage Swedish Massage • Trager™ Movement Therapy Watsu®

Depression

• Body Mind Integration Therapy • Chinese Medical Assessment • Craniosacral • Energy Healing Assessment • Healing Touch • Integrated Medical Assessment • Psychotherapy Session • Reiki • Watsu


76

Pain

• Ayurvedic Medical Assessment • Body Mind Integration Therapy • Chinese Medical Assessment • Deep Tissue Massage • Holistic Chiropractic • Integrated Aquatic Therapy • Integrated Medical Assessment • Neuromuscular Therapy • Osteopathic Medical Assessment • Personalized Alexander Technique Session • Personalized Yoga Therapy • Reflexology • Trager™ Movement Therapy

Immunity

• Ayurvedic Medical Assessment • Chinese Medical Assessments • Herbal Medicine Assessment • Integrated Medical Assessment • Lymphatic Massage • Personalized Yoga Therapy

Weight Management

• Chinese Medical Assessment • Herbal Medicine Assessment • Integrated Medical Assessment • Personalized Yoga Therapy • Psychotherapy Session

Sleep Disturbance

• Aromatherapy • Chinese Medical Assessment • Herbal Medicine Assessment • Integrated Medical Assessment • Psychotherapy Session • Reflexology • Swedish Massage • Watsu


77

Longevity

• Ayurvedic Medical Assessment • Chinese Medical Assessment • Integrated Medical Assessment • Personalized Yoga Therapy

Energy Enhancement

• Ayurvedic Medical Assessment • Chinese Medical Assessment • Craniosacral • Healing Touch • Integrated Medical Assessment • Personalized Alexander Technique Session • Personalized Yoga Therapy • Herbal Medicine Assessment • Watsu • Reiki

Specials Balancing Chakra Cleansing Aromatherapy Massage Feeling a bit out of balance? Rejuvenate and indulge your senses with a Chakra Cleaning Aromatherapy Massage — a traditional Swedish massage infused with aromatherapy to heal your body, mind, and spirit and cleanse and balance each of your chakras with the appropriate essential oil. Limited time offer.

Spa Treatment Highlight

Thai Spice Body Mask

During this eventful holiday season, take some time for yourself. Rejuvenate your body by treating yourself to a Thai Spice Body Mask. Stimulate your senses with captivating scents of clove, ginger, and spices while detoxifying and improving your circulation. Embrace the holidays with peace of mind.

Wellness Class Packages

Select your choice of wellness classes every week! Wellness Class Packages include: 4 passes for $60 ($15/pass) or 8 passes for $100 ($12.50/pass). Or, if you prefer, the daily drop-in rate is $20 per class. All classes include access to spa amenities (infinity-edge pool, tub, cold dip, sauna, and steam rooms) as well as miles of hiking trails and the meditation sanctuary, Banrai Café, NARES Bookstore, and Life Store. To purchase a wellness class package or pass, call 662-561-1417.


78

Focus on Wellness

Enjoy the simplicity of an all-inclusive retreat customized for your needs. Select from our Rest and Relaxation, Focus on Health, or Wellness at Work retreat packages. Receive added support from a wellness coach to integrate the benefits of your retreat into everyday life. Personalized Wellness Retreats include lodging, meals, selected spa treatments, and amenities.

Gift Certificates

The perfect gift idea for any special occasion! Gift certificates may be used for spa treatments, consultations, workshops, conferences, or spa retail and bookstore items. Gift certificates may be purchased at the Wellness Spa or Guest Services in the PN Welcome Center.

5.4 Pang NARES Goals Our motto is “Look Better, Feel Healthier, Live Happier”. The goal is accomplished by helping people do three things: Look Better. We offer a line of weight management, personal care, and anti-aging products unequaled for their quality and effectiveness. Feel Healthier. We offer life-changing daily wellness and natural remedies developed through solid scientific research and clinical knowledge combined with Thai Wisdom Traditional Medical Care. Live Happier. For those who sign up as our member, we provide all the efforts and support needed to achieve both wonderful good health and happy leisure and recreation. 5.5 Pang NARES Values We stand for integrity, tolerance and teamwork; we succeed through the quality of our relationships; and we abide by the laws and regulations governing our activities. For this concept we program the facilities into:

1. The market where local habitants meet friends from all parts of the world 2. The Village with Peace of mind and Health promotion to all at any age of life 3. Botanical Garden with different kinds of Thai herbal plants, Thai Aromatic

Flowers which volatile the sweet smell all year round, rare species of medicinal herbs


79

4. To be second to none in Spa business services & products 5. Private valley for Meditation & Relaxing 6. Institution for Living & School for Home Health Care Personnel 7. Eco- and Cultural Tourism 5.6 The Accommodations

All accommodations include housing, meals, optional wellness classes, and evening entertainment (when offered). Also included is access to all spa amenities such as the pool, hot tub, cold dip, sauna, locker rooms, and steam rooms, and campus amenities, which include the sanctuary and nature trails.

The Thai style houses stretch along the eastern and western boundaries of the property all surrounded by vibrant tropical gardens, flowering trees and coconut palms...

Traditional form with contemporary function, individual Thai style villas, room designed to impress, all the comfort, facilities and conveniences you would expect.

Pang NARES amenities

5.6.1 Tenants The project will run the food center of restaurant using free from toxic or insecticide and fertilizers. The vegetables and herbs is not only the additional income for the project but also the guarantee for safety. The investors and clients will spend the day in the very good and professional hands.


80

Focus on Wellness

5.6.2 Villages Rooms are grouping in a cluster. The different number of rooms in each cluster makes it easy to serve different groups according to the number of guests. Each village has the entrance of their own. Each cluster owns the Reception court yard for the outdoor exhibition piece of Art or interesting Collection. The yard leads to SALA Thai for Thai Spa and Massage. Each Cluster has their own style of decoration and environment which will bring the guests to come back for something different in next visit. 5.6.3 Guest Rooms Pang NARES’ accommodations offer gracious, well-appointed rooms, beautifully designed for comfort. Many rooms include private shaded patios or private outdoor decks with expansive hilltop views. The rooms are group in Cluster Village with Pool for the group. A variety of Clusters alternatives are available to you or your group during your stay. You will enjoy the outdoor shower while it rains in Pang NARES!!!


81

Pool Villa Near the Brook will locate 3 Pool Villas for VIP with private pool, enjoy the scenery of KRAWAIN mountain range. It is two stories. The living room below is a convertible to be 2nd Bedroom. The outdoor shower will be mixed with the wild forest smell of the mountain. Thai Houses Typical applied Central part Thai style houses will be adapted and furnished for the comfort of guests. Cluster of houses will be on service as well as Thai houses with private pools. The Thai style houses stretch along the eastern and western boundaries of the property all surrounded by vibrant tropical gardens, flowering trees and coconut palms... The house is furnished with a canopied bed with netting drapes. They have either one king size mattress (220 x 200 cm) or two single mattresses (100 x 200 cm) on the same bed base set 25 cm apart. An extra bed can be added to accommodate a third person after the sofa has been removed. Only three (3) persons per room, however, a baby cot may be added if required. 5.6.4 Pang NARES offers:

1. Welcome drink on arrival.* 2. Welcome banner (on requested) 3. Breakfast* 4. Lunch* 5. Dinner* 6. Supper* 7. Free snacks and soft drinks are served on late morning & afternoon.

N. B. *Free of charge covering the check-in and check-out times. Additional charges are billed if dining exceeds the main four meals.


82

5.6.5 Meals Rate

Adult USD

Child USD

American BF 6.00 3.00 Lunch 10.00 5.00 Dinner 15.00 7.50 Supper 5.00 2.50

Remarks:

1. All rates are inclusive of 7 % V.A.T. & 10 % Service charge. 2. All accommodation rates are subject to be changed without notice.

5.6.6 Arrival & Departure Policy

All overnight guests are guaranteed access to their rooms as early as 4:00 p.m. upon check-in. On the last day of their stay, personal retreat (or R&R) guests are requested to check-out of their rooms by 11:00 a.m. All other overnight guests are requested to check-out of their rooms by 9:00 a.m. In preparation for arriving guests, we ask all departing guests to leave campus by 3:00 p.m. All rooms reserved will be held until 06:00 pm. unless special arrangements are made in advance. (Late check-out upon request, subject to room availability - check out 24 hours after check in time.)

5.6.7 Cancellation Policy:

Refund Full refunds are available for housing (less a $40 processing fee) up to eight days before your arrival date. For example: For a Sunday arrival, the refund deadline is close of business Saturday, eight days prior to your arrival.

Credit Nonrefundable credit towards future housing at PN (less $40 processing fee) is available if you give notice between seven and one day(s) before your arrival. For a Sunday arrival, the credit deadline is close of business the Saturday before your arrival.

Credit may be applied to any housing and/or program reservation at PN for one year following the date of issue. No credit or refund is available if you cancel on the arrival day; if you do not show up; or if you leave early for any reason. PN reserves the right to cancel any reservation at any time.


83

5.6.8 Child Accommodations

Children must be housed with their parent(s) in Lodge housing. Housing fees include meals. For single parent rates and availability, please call toll-free --- --- ---- or +662 561 1417

General Information

While the PN does not currently offer a children's program, parents may bring children to PN. Full-time care must be provided by at least one of the parents or by a full-time baby-sitter (who must be at least 16 years old, and who pays adult housing/meal fees or the commuter/facility fee). Children must be accompanied by the adult caregiver at all times. If using the pool, children may accompany a parent Monday and Tuesday mornings from 9:00am to noon.

Child 3 -12 will be charged USD 20.00 sharing the room with their parents without extra bed.

Housing & Meals per child

1-Night Wknd

1-Night Wkdy

2-Night 5-Night 7-Night

$25.00 $20.00 $50.00 $100.00 $140.00

5.6.9 Teens Accommodation

Teens 16 and 17 may enroll in a workshop with the faculty and with PN approval. They pay full tuition and adult housing fees, and must attend with an adult. Requests must be made at least four weeks before the start of the event. Teens 18 and 19 years old may attend workshops on their own.


84

5.7 Pang NARES Natural Products Manufacture

A NATURAL VISION OF WELLBEING from Banrai, Utai Thani The design will be conform to the Good manufacturing Practice (GMP) which is accepted by all. The raw material will be promoted to the inhabitants around to raise the corps according to the Good Agricultural Practice (GAP). We will supervise them in every step of growing the plants. The harvesting must be exactly strict to Good Harvesting Practice (GHP). Our teams are mainly the Ph.D. Phyto-pharmaceutical Scientists, general practitioner doctors, pharmacists and nurses. From KASIKORN Bank Research on Herbal Products Market 2005 reported the Consumption Behavior in Herbal products as follows: The total market is approximately 50,000 Million Bahts (USD 1,315.79 Million) Export in 2005 approx. ฿ 1,560 M (USD 41.05 Million) Consumption in the Kingdom ฿ 47,520 M (USD 1,250.53 Million) Figure in Million USD 1 USD = 38 Bahts Nov. 19, 2006

Description

s

BKK &

Outskirt

Central

Part

Northern

Part

North-eastern

Southern

Part

Total

Herbal Food Supplements

88.42

40.79

51.58

52.63

21.58

255.00

Herbal Medicinal Drugs

71.05

51.32

36.05

52.37

21.05

231.84

Herbal Cosmetics

84.21

75.00

57.89

55.00

22.37

294.47


85

Herbal Teas & Drink

65.79

60.53

42.11

53.95

24.21

246.58

Herbal Spa Products

57.89

52.63

33.68

54.74

23.68

222.63

Total

367.36

280.27

221.31

268.69

112.89

1,250.52

Pang NARES manufacture will bring the World the Organic Cultivation, Culture & Tradition, Research & Innovation, Patented Technologies products. The products will be for the disorders in: Aging well Allergies Anti-oxidants Asthma Bronchitis Cardiovascular Cholesterol and Triglycerides Chronic fatigue Chronic pains Cleanse and detoxification Colitis Constipation Cough and colds Diabetes Digestion and intestinal health Fibroids and Endometriosis Fibro-myalgia Gastritis Green tea Herbal teas and infusions Hypertension Infertility Insomnia Irritable Bowel Syndrome Joint health Legs circulation Liquorices Memory Menopause Migraine & Head-aces Multiple Sclerosis Organic rice Pre-Menstrual Syndrome (PMS) Psychological disorders Restful sleep and mood balance Sight and microcirculation Sinusitis Skin cleansing and purification Tone and energy Ulcers Weight control 5.7.1 Spa products


86

5.7.2 Herbal Dietary Supplements 100% natural products for everyday wellness Anti-oxidants Aging Well Cholesterol and Triglycerides Cleansing Detoxification Cough & Cold Digestion and Intestinal Health Green Tea Herbal Teas and Infusions Joint Health Leg Circulation Licorice Memory Organic Rice Pure Concentrate Herbal capsules Restful sleep and mood balance Sight & Microcirculation Skin Cleansing & Purification Tone & Energy Topical Herbal Balm, Creams, Gels, Ointments & serum Weight Management Etc. The range of products will be distributed in house and in Thailand market and for export through both conventional market and multi-level market. For more information about the distribution of Pang NARES products in foreign markets, please contact Pharmacist Wasina Thani. E-mail: [email protected] [email protected] Example some of Health Drinks, foods, food supplements Formula will be manufacture by Pang NARES 1. Thai Noni Juice Contains of Noni Juice -- %, G---- Juice -- %, ------ Juice -- % 2. Malva – Safflower Juice Contains of Malva Jelly --- %, Water --- %, Maltitol --- %, Safflower --- % 3. Rice Cookies – KHAOPONG KHUNYAAI Contains of ---------------- 5.8 General Administration – MAIN FACILITIES Renovated the existing buildings to be: 1. BOONHOME Sanctuary, Meditation rooms, Temple, pilgrim pathway 2. Administration: Receiving & Purchasing Office 3. General Store/ Storage for F & B/ House Keeping 4. Personnel/ Residents’ mailboxes 5. Residents Service 6. Lockers Room 7. Staff Canteen/Kitchen 8. Transportation/ Loading Area 9. Engineer 10. Security


87

PN Sanctuary or BOONHOME Sanctuary The PN Sanctuary, accessible only by trail, was designed as an intimate retreat to be enjoyed in solitude as well as in group settings. Hand carved symbols representing the World’s major religions are embedded in the stone wall surrounding the courtyard. The stone bridge at the entrance to the sanctuary is representative of the crossings concept of connecting our work and family lives with our spirituals selves.

BOONHOME SANCTUARY The word BOONHOME is from BOON and Home. In Thai language BOON means predestined lot, predestined luck and predestined fate. BOONHOME Sanctuary, accessible only by trail, was designed as an intimate retreat to be enjoyed in solitude as well as in group settings. Hand-carved symbols representing the world’s major religions are embedded in the stone wall surrounding the courtyard. The stone bridge at the entrance to the sanctuary is representative of Pang NARES concept of connecting our work and family lives with our spiritual selves.


88


89

5.9 Pang NARES Botanical Garden Last, but not lease, we are wholehearted to create PN Botanical garden to be a garden of various medicinal plants. PN botanical garden will try to gather all of Thai aromatic plants. We have partially done up to now. In the place of Pang NARES herself, we own many kinds of medicinal herbal plants, naturally grow. We also cultivate medicinal plants not only for our own consumption but also for the sake of the researching work. We strongly intend to dedicate our research for mankind.


90

6. ARCHITECTURAL DESIGN 6.1 Pang NARES (PN) Market The comfortable Market Place is your first stop at Pang NARES (PN) Health Resort. This is where you'll dine, shopping, enjoy bargaining and more. They will be located at the right hand side of the main entrance. It will serve both the project guests as well as the outsiders. There are 10 units circled around the terrace under the shade of the big threes and garden. They will be a convenient store, shop for local handicrafts and the herbal products created by the project herself. 6.2 Medical Spa There are many guest houses and resorts in Ban Rai. This Spa Cluster will mainly intend to serve as day spa for tourists who spend the holidays in other resorts nearby as well as dentistry and general practice. Short course on Health Care will also be run and the Nutrition Course as well. 6.3 Life Enhancement Center (Health & Healing Center)

Living & Health Training Centers / Health & Fitness Assessment Center (Wellness Spa)

For one person to love another: that is perhaps the most difficult of all our tasks, the last test and proof, the work for which all else is but preparation. —Rainer Maria Rilke

A progressive learning center, meeting place and wellness spa with:- Lobby Lounge Outdoor infinity pool & Whirlpool Aerobic & Fitness Rooms/ Yoga Room Medical Centre & Home Health Care Skin Care Rooms, Beauty & Barber Shop Massage & Herbal Sauna Jacuzzi / Spa with Whirlpool Showers & Dressing rooms Outdoor Games/ Tennis & Basket Ball Outdoor-Indoor Swimming pool Private Dining Room


91

Designed for small group interaction, the Center is the home of the Life Enhancement Program a week-long in-depth experience for people who are ready to make healthy lifestyle changes.


92

These experiences include workshops, discussions and group activities led by our health and wellness professionals. At various times throughout the year, specialty weeks are held in the Life Enhancement Center for people with shared concerns. Upcoming programs include:

• Journey Through Midlife: A Women’s Retreat • Healthy Heart • Optimal Aging • Living with Arthritis • Exploring Spiritual Wellness

Physicians can earn up to 27 Category 1 continuing medical education credits by participating in the Life Enhancement Program or specialty weeks.

In your home environment, imagine trying to see a physician, acupuncturist, and nutritionist in the same day. You wouldn’t consider this at home because the travel between offices and time spent in waiting rooms could wipe out an entire day – and send your stress into overdrive. Pang NARES health resorts offers a wide range of health and healing opportunities under one roof. Choose a private consultation with one of our health professionals for 50 minutes of individual, expert attention.

• Medical & Nursing • Behavioral Health • Nutrition • Movement Therapy • Lifestyle Library


93

Wellness spa at night

The Pool and the movement room

Located on the deck of the Wellness Center and Spa, the Movement Room overlooks the swimming pool and offers a stunning view of the Lake. Details include a hickory/pecan floor and ample natural lighting provided by the large windows on three sides of the room.


94


95

The infinity pool


96

The Jacuzzi outside


97

View from the pool

Aquatic center

Take the plunge – at 95 degrees, the water’s always fine. Our 11,000-square-foot indoor Aquatic Center features Watsu and comprehensive water therapies acclaimed for their conditioning and relaxation benefits. Try the underwater treadmill, bikes and get the exercise you want while avoiding injuries, preventing re-injury, and conditioning muscles without stressing joints.


98

Meditation & Relaxing Service

Treatment by conditions


99

Balancing treatment1-2-3


100

Bodywork & Massages

Treatment room Special treatments

Spa Interior Design

Spa Hallways Manicure area Pedicure area


101

Pavilion Spa service / room

Integrated Health

Every treatment begins with a soothing footbath while you sip a custom blend of tea, enjoying the gentle mountain breeze, the aromatic smell of the jungle and the tranquility of utter isolation.

Accommodation for Life Enhancement Centre Superior Garden Thai House The 20 Thai style houses stretch along the eastern and southern boundaries of the property all surrounded by vibrant tropical gardens, flowering trees and coconut palms… View the Thai houses to the east face into the KRAWAIN mountain range, while those on the south face the calmness of the lake.


102

Superior Garden Thai House

1 canopied bed 2 bedside table 3 writing desk 4 chair 5 television 6 refrigerator / mini bar 7 tea / coffee maker 8 table 9 sofa 10 luggage rack 11 wardrobe 12 electronic safe 13 hair dryer 14 bathroom 15 toilet 16 wash basin 17 bathtub 18 terrace 19 sofa / day bed Facilities all houses have en suite bathrooms with bath tub and shower over the tub, air conditioning, satellite television, international direct dial telephone, refrigerator / mini bar, electronic in – room safe, tea / coffee making facilities hairdryer and terrace. Size of room all houses are larger than fifty-five (56.5) square meters in size excluding 18 Sq. m. veranda. Bedding is furnished with a canopied bed with netting drapes. They have either one king size mattress (220 x 200 cm) or two single mattresses (100 x 200 cm) on the same bed base set 25 cm apart. An extra bed can be added to accommodate a third person after the sofa has been removed. Only three (3) persons per room, however, a baby cot may be added if required.


103

6.4 Clubhouse The gracious and comfortable Clubhouse is your happy stop at Pang NARES (PN) health resort. This is where you'll dine, enjoy evening programs and more. At the Clubhouse clusters you'll find:

1. Pang NARES (PN) Main Hall: Welcome Center, Registration Desk, Bell Desk, Living Room, Membership Office, TV Room, Meeting Rooms

2. “NARESUAN Library”: Art & Culture Rooms, lending books, reading room, videos and CDs, Music and audio rooms, 5 private IT rooms, 5 Write & Read Rooms, Museum, Art gallery and IT Centre

3. Pang NARES (PN) Theatre: for Conference theatre, movies show

4. Dining Room/ BANRAI Terrace Café and Patio (Tea house) & Restaurant

5. Pang NARES (PN) Convenience Store for daily use products, Drug, Herbal dietary supplements and natural products i.e. Phyto-medicines, food supplement, natural food as well as cultural-Local handicrafts/Showcase Boutique

6. PN Snooker/ Game Rooms

7. PN Tennis courses and Squash Room

8. Bank @ PN


104

PANG NARES MAIN HALL


105

The main Hall is ideal for larger meetings and events whether a classroom, banquet, open floor space or theatre style set-up is requires. Details include a beautiful bamboo floor, tectonic ceiling with exposed wood trusses, motorized blackout drapes, ceiling-mounted projector, and a motorized 10’ x 15’ screen. Full audio/ visual playback is available either through the overhead lecture sound system or the full performance PA system with four floor boxes located throughout the hall.


106


107

Welcome center

Consultations corner1 Consultation2


108

NARESUAN Library, Art & Museum The library is an exquisite space and provides an intimate setting for any gathering. Details include an open wood deck ceiling measuring 8 meters at its peak, hickory/pecan floors, a stone fireplace, and wood blinds.


109

Workshop in the library Book shelves


110

Workshop in the garden

THE THEATRE The Theatre, with its technically advanced Barco IQ Backlit Projector, 7-1/2’ x 10’ screen and Dolby 7.1 surround sound, offers state-of-the-art technology in a beautiful setting.


111

THE FALLEN KASALONG (OAK) A stand-alone building located a short walk from the Conference Center. The Fallen KASALONG (Oak) offers a very private space for your meeting. Complete audiovisual systems, kitchen, and private restrooms are available in this meeting room, making it ideal for a variety of events.

DINING HALL/ Tea House & Restaurant


112

Chef at work


113

Tea House

6.5 The Accommodations

Pang NARES village offers gracious, well-appointed accommodations beautifully designed for your comfort. The rooms offer private outdoor decks or patios, Outdoor shower in the personal garden, telephone with voice mail, dial-up internet access, coffee make, iron and ironing board, alarm clock, and TV - CD player.


114

7. FACILITIES PROGRAM DESIGN 7.1 Clubhouse - Meeting Space Capacities

W x L (meter)

Height (meter)

Square Meter

Theatre Style

Banquet Classroom Yoga

The Main Hall

14 x 20

7.75

280

292

204

201

120

PN Theatre

12 x 14

4 – 5 -7.5

168

125

70

70

50

NARESUAN Library

8 x 14

7.75

112

96

60

63

40

Fallen KASALONG

10 x 15

7.75

150

150

80

70

69

CLUBHOUSE - Facilities Plan

Description

Area size W x L x H M

Total Area SQ. M.

Cost USD/SQ. M.

Total USD

1. Main Hall

14 x 20

280

395

110,600

2. Theatre

12 x 14 x 8.50

168

395

66,360

3. The Library

8 x 14

112

395

44,240

4. The Fallen KASALONG /Oak

15 x 10

150

395

59,250

5. Pre-function Lounge

6 x 14

84

265

22,260

6. Event Service

4 x 6-

20

265

5,300

7. Office Storage

4 x 4

16

265

4,240

8. Kitchen pantry

3 x 4

12

265

3,180

9. 2 Storages

2.5 X 6

15

265

3,975

10. Women Restrooms

~5 x ~5

25

265

6,625

11. Men Restrooms

~3 x ~6

18

265

4,770

16. Bank Services

7 x 7

49

265

12,985

17. Swimming Pool Area

615

400

246,000

Total 949 265 – 395 589,785 FF & E 210,215

GRAND TOTAL

800,000


115

7.2 Life Enhancement Center

Description/ Functioning

Area size W x L x H M

Total Capacity SQ. M

Cost USD/SQ. M

Total USD

Outdoor infinity pool & Whirlpool

15 x 25

375

300

112,500

Indoor Swimming Pool

10 x 15

150

400

60,000

Pool Deck

7 x 32 4 x 15

224 60

210 210

47,040 12,600

Pool Bar

5 x 7

35

210

7,350

Common Shower Rooms & Toilet

2(7.5 x 10)

150

210

31,500

4 Changing rooms

4(4 x 5)

80

210

16,800

Jacuzzi / Spa with Whirlpool approx.

30,000

Herbal Sauna /2 Rooms for 6 – 8 guest

(3 x 10) 2

60

210

12,600

2 Herbal Sauna Rooms for 10 (3 x 10)

(3 x 10) 2

60

210

12,600

Movement Room(Aerobic, Fitness & Yoga- Upper Floor)

15 x 20

300

265

79,500 Pang NARES Spa (Lower Fl)

15 x 20

300

350

207,695

4 Wayside Massage pavilions

4(3 x x3)

36

265

9,540

IT Hut + FF & E

6 x 8

48

@395

30,000

The Sanctuary Landscape décor Pilgrim pathway

9x 30

270

200

54,000

Total

1,524

723,725 FF&E- General FF&E- Spa Spa Interior Dec

119,370 63,975 92,930

FF & E Total

276,275

GRAND TOTAL

1,000,000


116

7.3 Home Health Care College (Hhcc)

Item

Description Area size meters

Area (SQ. M.)

Cost USD/SQ.

M.

Total USD

1 2 3 4 5 6 7

Admin Office Lecture Rooms Lab. Rooms Demon. Rooms Demon Kitchen& Dining Campus for 120 students Lobby/ Living Room

2 (7 x 9) 4 (7 x 9) 2 (7 x 9) 2 (7 x 9)

20 x 30

60 (4 x 8)

8 x 8

126 252 126 126

600

1,920

64

Total 3,214 @ $ 265 851,710 FF & E 148,290

GRAND TOTAL

1,000,000

7.4 HHC Accommodations 7.4.1 VILLAGE A -20 Units for 40 (+ 10)

Item

Description

Area

(SQ.M.)

Cost

USD/SQ. M

Total USD

INDOOR 1 2 3 4 5 6 7

Bedroom (31.45 x 20) Bathroom (10 x 20) Spa Maid and Housekeeping Unit Bathroom (Swimming Pool) Boiler Room (5 Rooms) Mechanical Room

629.00 200.00 42.00 16.00 6.50

25.00 9.00

Total 927.50 SEMI-INDOOR 1 2 3 4

SALA Thai (The Pavilion Above the Spa) Entrance SALA Veranda Porch (To room entrance)

23.50 10.00

250.00 105.20

Total 388.70 OUTDOOR 1 2 3 4 5 6

Swimming Pool Wooden Pool Deck Corridor Stair Pave way (On ground) Entrance Court Yard

75.00 378.00 68.50 54.50 41.75 46.65

Total 664.40

SUB- TOTAL

1,980.60

@ $ 400

792,240 FF & E 207,760

GRAND TOTAL

1,000,000


117

7.4.2 VILLAGE B - 28 Units for 56 (+ 28)

Item

Description

Area

(SQ. M.)

Cost

USD/SQ. M

Total USD

INDOOR 1 2 3 4 5 6 7

Bedrooms (31.45 x 28) Bathroom (10 x 28) Spa Maid and Housekeeping Unit Swimming Pool Bathroom Boiler Room (6 Rooms) Mechanic Room

880.60 280.00 42.00 20.00 6.50

30.00 9.00

Total 1,268.10 SEMI- OUTDOOR 1 2 3 4

SALA above the spa SALA Gate (Entrance) Veranda (12.50 x 28) Porch to the room entrance

23.50 10.00

350.00 117.00

Total 500.50 OUTDOOR 1 2 3 4 5 6

Swimming Pool Wooden Pool Deck Corridor Stairs Ground Pave Way Court Yard Entrance

75.00 477.00 20.00 77.50 38.00

117.25

Total 804.75

SUB-TOTAL

2,573.35

@ $ 400

1,029,340 FF & E 370,660

GRAND TOTAL

1,400,000

7.4.3 VILLAGE C -14 Units for 28 (+14)

Item

Description

Area

(SQ.M.)

Cost

USD/SQ. M

Total USD

INDOOR 1 2 3 4 5 6 7

Bedroom (31.45 x 14) Bathroom (10.00 x 14) Spa Maid and Housekeeping Unit Bathroom (Swimming Pool) Boiler Room (3 Rooms) Mechanical Room

440.30 140.00 42.00 12.00 8.00

15.00 9.00

Total 666.30


118

SEMI-INDOOR 1 2 3 4

SALA Thai (The Pavilion Above the Spa) Entrance SALA (Gate) Veranda Porch (To room entrance)

23.50 10.00

175.00 69.00

Total 277.50 OUTDOOR 1 2 3 4 5 6

Swimming Pool Pool Deck (Wooden) Corridor Stairs Pave way (On ground) Entrance Court Yard

75.00 295.00 30.00 30.15 7.70

66.80

Total 505.65 SUB - TOTAL 1,449.45 @ $ 400 579,780 FF & E 120,220

GRAND TOTAL

700,000

7.4.4 DELUXE POOL THAI HOUSE - 10 Units for 20 (+10)

Item

Description Area

(SQ.M.)

Cost USD/SQ. M

Total USD

INDOOR 1 2

Bedroom (50.0 x 10) Bathroom (15.0 x 10)

500.00 150.00

Total 650.00 SEMI-OUTDOOR / OUTDOOR 1 Veranda (18.0 x 10) 180.00 2 3 4 5 6 7

Swimming Pool (32.0 x 10) Pool Deck (Wooden) Corridor Stair Pave way (On ground) Entrance Court Yard

320.00 378.00 68.50 54.50 41.75 46.65

Total 1,089.40

SUB - TOTAL

1,739.40

@ $ 400

695,760 FF & E 304,240

GRAND TOTAL

1,000,000


119

7.4.5 SUPERIOR GARDEN THAI HOUSE - 20 units for 40 (+10)

Item

Description

Area (SQ.M.)

Cost

USD/SQ. M

Total USD

INDOOR 1 2

Bedroom (56.5 x 20) Bathroom (15.0 x 20)

1,130.00

300.00

Total 1,430.00 SEMI-OUTDOOR / OUTDOOR 1 Veranda (18.0 x 20) 360.00 1 2 3 4

Corridor Stair Pave way (On ground) Entrance Court Yard

137.00 109.00 83.50 93.30

Total 782.80 SUB - TOTAL 2,212.80 @ $ 400 885,120 FF & E 114,880

GRAND TOTAL

1,000,000 7.4.6 POOL VILLA 3 units for 6 (+6)

Item

Description

Area

(SQ.M.)

Cost

USD/SQ. M

Total USD

INDOOR 1 2 3 4 5 6 7 8

Bedroom Bathroom (Upper) Closet Foyer Living Room (2nd Bedroom) Bathroom (For 2nd Bedroom) Pantry Stairs

30.40 17.50 3.25 5.50

24.50 6.00 2.50

10.20

Total 99.85 SEMI-INDOOR 1 2 3

SALA Thai Foyer Entrance Veranda

4.00 15.15 27.00

Total 46.15 OUTDOOR 1 2 3

Swimming Pool Pool Deck (Wooden) Outdoor Shower

31.50 52.20 6.00

Total 89.70

SUB – TOTAL for 1 Pool Villa

235.70


120

GRAND TOTAL for 3 Villa

707.10

@ $ 400

282,840

FF & E

167,160

TOTAL for 3 POOL VILLAS

707.10

450,000

7.5 Natural Products Manufacturer


Area size meters

Total Capacity

SQ. M

Cost

USD /SQ. M

Total USD

Manufacture

site

16 x 40

640

350

224,000

Laboratory

Zone

16 x 40

640

400

256,000

Sub-Total

480,000

Manu Machines

-

-

-

1,000,000

Lab

Equipments

-

-

-

1,200,000

Sub-Total

2,200,000

TOTAL

1,280

2,680,000

FF & E

20,000

GRAND TOTAL

2,700,000


121

7.6 Main Facilities 7.6.1 FRONT OFFICE

Item

Description

Area

(SQ. M.)

Cost

USD/SQ. M

Total USD

INDOOR 1 2 3 4 5

Front Office ADMIN Office Training & Meeting Stairs Corridor

64.00 65.00 25.00 12.50 70.00

Total 236.50 SEMI- OUTDOOR 1 Reception & Lobby 126.45 Total 126.45 OUTDOOR 1 Pond 74.25 Total 74.25 SUB - TOTAL 437.20 @ $ 265 115,858

FF & E

44,142

GRAND TOTAL

160,000

7.6.2 Pang NARES (PN) MARKET PLACE

Item

Description

Area (SQ. M.)

Cost

USD /SQ. M

Total USD

INDOOR 1 2 3 4

Shop 1 - 10 Shop 11 Toilet Janitor

375.00 25.00 51.00 8.00

Total 459.00 SEMI- OUTDOOR 1 2 3

Terrace (Lower) Stairs Corridor

38.35 10.80

180.60

Total 229.75 OUTDOOR 1 Terrace (Upper) 50.00 Total 50.00 SUB-TOTAL 738.75 $ 270 199,463 FF & E 50,537

GRAND TOTAL

250,000


122

7.6.3 MEDICAL SPA

Item

Description

Area (SQ. M.)

Cost

USD/SQ. M

Total USD

INDOOR 1 2 3 4 5 6 7 8

Front Office Clinic Laboratory Oral Spa Holistic Approaches Service & Office Lecture Room Toilets

18.50 90.00 80.00 80.00

120.00 40.00 80.00 30.00

Total 538.50 SEMI- OUTDOOR 1 2 3

Reception Corridor Stairs

45.00 125.00 22.00

Total 192.00 OUTDOOR 1 Open Court Yard 120.00 Total 120.00

SUB-TOTAL

850.50

$ 300

255,000

FF & E

115,000

GRAND TOTAL

370,000

7.6.4 The SANCTUARY


Area size Meter x meter

Total Capacity SQ. M.

Cost USD/SQ. M.

Total USD

The Sanctuary Landscape décor Pilgrim pathway

9x 30

270

200

54,000 FF & E

16,000

TOTAL

70,000


123

7.6.5 SWIMMING POOL AREA

Item

Description

Area

(SQ.M.)

Cost

USD/SQ. M

Total USD

INDOOR 1 2 3

Swimming Pool Pool Deck Pool Bar and Toilet

215.00 380.00 20.00

400 300 350

86,000

114,000 7,000

Total

615.00

207,000

FF & E 43,000

GRAND TOTAL

250,000 7.6.6 THE RESTAURANT

Item

Description

Area

(SQ. M.)

Cost

USD/SQ. M

Total USD

INDOOR 1 2 3 4 5 6 7 8 9 10

Air-con Restaurant Special Kitchen Main Kitchen Preparation Area Private Dining Air-con Restaurant Private Dining Service Meeting Room Air-con Wine and Whisky Pub Restrooms Stairs

45.70 50.00 80.00 53.80 57.75 44.00 65.00 55.60 70.00 45.70

Total 567.55 SEMI- OUTDOOR 1 2

Fan Restaurant Corridor

262.50 358.80

Total 621.30 OUTDOOR 1 Roof Garden 44.60 Total 44.60 SUB - TOTAL 1,233.45 @ $ 265 326,865 FF & E 73,135

GRAND TOTAL

400,000


124

7.6.7 BACK OF THE HOUSE

Item

Description

Area (SQ. M.)

Cost USD/SQ.

Total USD

INDOOR

1 2 3 4 5 6 7 8 9 10

Receiving & Purchasing Office Time/Security Personnel General Store F & B Store Male Lockers Room Female Lockers Room Staff Canteen Staff Kitchen House Keeping Stairs

17.60 40.00 34.30 70.00 43.00 54.00 62.00 28.00 65.00 13.25

Total 427.15

SEMI-OUTDOOR

1 Corridor 70.00

OUTDOOR

1 Loading Area 30.00 Total 100.00 SUB - TOTAL 527.15 200 105,430

FF & E 14,570

GRAND TOTAL

120,000

7.6.8 SPORT PARK

Item

Description

Area (SQ. M.)

Cost USD/SQ.

TOTAL USD

1 2 3

Tennis 3 courts 3(9 x 20) Basket Ball, Volley Balls, Racquetball, Squash

540 280 50

210 210 300

113,400 58,800 15,000

TOTAL

870

187,200

FF & E 12,800

GRAND TOTAL

200,000


125

7.6.9 ENGINEER

Item

Description

Area (SQ. M.)

TOTAL USD

1 2 3 4

Generator Room MDB Room Office Engineer Storage Room

40.00 30.50 35.00 15.00

TOTAL

120.50

24,100

FF & E

5,900

GRAND TOTAL

30,000

7.6.10 FENCING

Item

Description

Area Meter

TOTAL USD

1 2

Fencing for Village A, B, C, Pool and Main Facilities Fencing for Bathroom Garden

780.00 620.00

TOTAL

1,400.00

140,000

FF & E

10,000

GRAND TOTAL

150,000


126

7.7 Renovation of The Infrastructure

Item

Description

Cost

USD per Unit

Total USD

Project Roads

1. Renovate the half finish existing Road, pavement 2. Re-built the existing Road

13 Km

8 Km

48,000

58,000

624,000

464,000 The Lake & Irrigation

1. The Lake or reservoir depth ~ 4 m 2. The dam & the bridge

32 acres

15,000

480,000

150,000 Electrical Works

1. Extend Volt. And lines 2. Generator 3. MDB 4. Engineering Equip. 5. Storage

-

-

250,000

Civil Engineers and foremen

The employment for 6 months

65,000 Waterworks -2 Tower Tanks

1.- I Beam Steel Frame -Pump Room -Toilet -View Point Floor -Office -Filtered Water Storage Bed -Stairs -Filter 2. Pipe lines

4 x 4 x

28.5 meter 4 4 16 16 128

- - - -

300,000

Unexpected

667,000

Total

3,000,000


127

7.8 Summarization of Renovation & Construction

Description

Area

SQ. M.

Capacity

Constructn Cost (USD)

Fur, Fixture

& Equip.

Total Cost

(USD)

CLUBHOUSE

949.00

-

589,785

210,215

800,000

LIFE ENHABCEMENT CENTER (LEC)

1,524

-

669,725

330,275

1,000,000

HOME HEALTH CARE COLLEGE & CAMPUS

3,214

120

851,710

148,290

1,000,000

Sub Total

2,111,220

688,780

2,800,000

ACCOMMODATION

Village A

1,980.60

40

792,240

207,760

1,000,000

Village B

2,573.35

56

1,029,340

370,660

1,400,000

Village C

1,449.45

28

579,780

120,220

700,000

Superior Garden Thai Houses

2,212.80

40

885,120

114,880

1,000,000

Deluxe Pool Thai Houses

1,739.40

20

695,760

304,240

1,000,000

Pool Villa

707.10

6

282,840

167,160

450,000

Sub Total

4,265,080

1,284,920

5,550,000

PN NATURAL PRODUCT FACTORY

1,280.00

-

2,680,000

20,000

2,700,000


128

Description

Area SQ. M.

Capacity

Constructn Cost (USD)

Fur, Fixture

& Equip.

Total Cost

(USD)

MAIN FACILITIES

Front Office

437.20

115,858

44,142

160,000

PN Market

738.75

-

199,463

50,537

250,000

Medical Spa

850.50

-

255,000

115,000

370,000

The Sanctuary

270.00

-

54,000

16,000

70,000

Pool Area

615.00

-

207,000

43,000

250,000

The Restaurant

1,233.45

- 326,865

73,135

400,000

Back of the House Office

527.15

-

105,430

14,570

120,000

Sport Park

870

-

187,200

12,800

200,000

Engineer

120.50

-

24,100

5,900

30,000

Fencing

1,400

-

140,000

10,000

150.000

Sub-Total

1,614,916

385,084

2,000,000

INFRASTRUCTURE, LANDSCAPE & GARDENING

4,000,000

4,000,000

CLUSTER VII -BANGKOK CENTER

4,325

12,000,000

800,000

12,800,000

GRAND TOTAL

26,671,216

3,178,784

29,850,000


129

8. ACTIVITIES @ Pang NARES

The following activities can be enjoyed during your stay at Pang NARES. They include exploring HUAY KHA KHAENG World Heritage Forest. All day hikes or fishing at dawn, to name just a few. If there are other activities that you have in mind, please feel free to discuss with our activity director; he will be happy to assist you.

Please bear in mind that these activities must be scheduled 24 hours in advance in order to coordinate departure and return times.

Pang NARES kitchen will pack a picnic lunch to take along with you on any of these activities. The activities director will provide you with a “lunch to go” menu.

8.1 Jungle Trekking Pang NARES situated on the very spot for climbing and trekking the mountains range of HUAI KHA KHAENG World Heritage Forest. You will view the spectacular forest, beautiful jungle and a view to die for, an invigorating outing. The experiences of climbing in the caves for the mystery one will never forget. On the hike you will journey up the mountain range, through the valley and WAT TAM KHAO WONG, crossing over a ridge, and into a verdant valley which will lead you back to Pang NARES to enjoy a refreshing swim. The return is a 20 minutes bike ride back to Pang NARES for lunch at the Lake.


130

The trip is a moderate to difficult hike. 4-5 hours. One person is only $12, more than one person $10.

8.2 The Jungle Medical Spa @ Spa Complex Offering state-of-the-art equipment and world-class services, our 630.0-square meters spa complex houses:

• Program Coordinators • Exercise Physiology • Fitness • Men's Program office • Hiking and Biking • Six gyms, including an indoor cycling room • Strength training and cardio-fitness equipment • Spa Information Desk • Yoga and Meditation Dome • Wally ball, racquetball, squash and basketball courts • Men's and women's locker rooms, complete with steam and inhalation rooms, sauna,

cold dip, sunbathing decks and whirlpools • Massage, body treatments, and skin care • Beauty salon

Jungle Spa In addition to the beautiful and peaceful setting of Pang NARES, we offer you the following treatment and massages to increase your level of relaxation.


131

8.3 Energy Work

Cranio-sacral Therapy This soothing manipulation uses light pressure on the spine, shoulders, and head improving circulation and re-establishing freedom of motion throughout the body. You may wear loose-fitting clothing for this treatment.

Gentle touch encourages the body's natural healing mechanisms. Improve the function of the central nervous system, dissipate negative effects of stress, and enhance resistance to disease by releasing energetic blockages along the spinal column. Wear comfortable clothing. 50 mins/$100 80 mins/$150

Reiki A healing system that uses universal life energy to help return the mind, body, emotions and spirit to their natural perfect state.

Experience the Japanese art of channeling healing energy to create a deep state of tranquility on the physical, mental, and emotional plane. Wear comfortable clothing. 25 minutes, $60; 50 minutes, $95; 80 minutes, $135

Energy Healing Assessment Session includes opening, clearing, and balancing the energy field of the whole person - mental, physical, emotional, and spiritual. Information is provided to help release blocks and experience freedom. Wear comfortable clothing. 50 min/$120

Vocal Toning (Sound Healing) Learn to use the sound of your voice to release emotions and bring increased energy and joy to your life. Wear comfortable clothing. 50 min/$120 80 min/$135

8.4 Healing Movement

Healing Touch Restore balance and harmony using subtle techniques such as chakra-balancing, acupressure, and polarity. Wear comfortable clothing. 50 min/$95 80 min/$130

Trager Therapy (Movement Massage) Utilizing a rhythmic rocking movement, this therapy includes deep relaxation and relieves joint tension. 80 min/$145


132

Personalized Yoga Therapy Session with Take Home Program Learn a series of physical postures adapted to the specific needs of your body. Take home a simple program you can do regularly to achieve optimal health. Wear comfortable clothing. 50 min/$120 80 min/$160

Personalized Alexander Technique with Take Home Program Sessions include instruction on moving in ways to reduce stress on the body. Wear comfortable clothing. 50 min/$120

8.5 Life-Path Guidance

Western Astrological Consultation Select a natal chart (life map), year overview, relationship, parenting, health, or geographical consultation to gain clarity and perspective for decision making. Reserve in advance with your birth date, time, and place. Audiotape provided. 80 min/$135

Graphology Your name, your last name (family name) and your signature can tell more about you, your work, your health and almost every thing. For those who did not know your date of birth, time and place, it is the clue for you. This is scientific proved phenomenon. Knowing what it is and change the signature for the best of your business and life. Reserve in advance for your success in life. 60 min/$100

The class can be set up for 10. The whole day with 2 coffee break and lunch $250

Life Purpose Hand Analysis Receive insights through an examination of the soul prints in your fingertips and the lines in your hands. As you make new life choices, the lines in your hands can change. Analysis is useful when making new decisions or experiencing a crisis of meaning. 80 min/$150

Spiritual Direction This non-denominational session offers insight on discerning the presence of the divine in your life and provides support during spiritual transitions. 50 min/$100 80 min/$150

Add aromatherapy with essential oils and the pampering elements of warm compresses: 50 minutes, $100; 80 minutes, $140


133

8.6 Stone Therapy

Custom Stone Therapy Hot river stones are used to bring relief to tense muscles and sore joints. Massaging with deep, penetrating heat and smooth stones, your therapist is able to effectively work your muscles and balance your energy. 50 minutes, $110; 80 minutes, $140 ; add aromatherapy: $150

8.7 Massage/Sauna Our massage therapists are licensed, skilled in several types of massage, and will customize your massage based on needs.

Thai Massage This modality is exceptionally beneficial to athletes as well as anyone suffering from general stiffness or loss of range of motion. Thai massage utilizes deep stretching to release tension, improve joint mobility and increase range of motion. 50 minutes, $130; 110 minutes, $180

Please note: Clothes must be worn for this treatment – loose, stretchy clothing is preferred. Anyone with slipped, bulging or fused disks should not receive Thai massage.

Swedish Massages Swedish massage helps soothe and relax tired muscles and enhances circulation, inducing a feeling of well-being and relaxation. 50 minutes, $90; 80 minutes, $130

Reflexology This technique relieves stress, promotes relaxation, increases blood circulation and helps to balance the body through stimulation of pressure points on the feet. 30 minutes, $60; 50 minutes (includes exfoliation of the feet) $95

Deep Tissue Therapeutic Massage This massage is recommended for physically active individuals with chronic pain, muscle fatigue as well as limited range of motion. 50 minutes, $100

Tandem Massage Share a relaxing massage with your partner or friend. This service is done in a private room with two therapists – one for each of you! 50 minutes, $190; 80 minutes, $290

Pregnancy Massage Soothing massage designed for expectant mothers at any stage of their pregnancy. 50 minutes, $95; 80 minutes, $135

Watsu Enjoy your choice of massage or Watsu side by side with a friend, favorite Valentine, or loved one.


134

8.8 Conferences Plan your next corporate retreat surrounded by casual Jungle elegance at the only "exceptional" rated resort in Pang NARES, situated in HUAI KHA KHAENG Mountains, is the perfect setting for any conference, business meeting or corporate function.

Your staff and colleagues can focus on a new perspective while enjoying the exceptional lake and the mountain scenery accommodations, unique facilities, afternoon tea and relaxed fine dining.

We specialize in small to medium size corporate retreats, business meetings and conferences where personalized service and attention to detail are important. Pang NARES is the place to come for that special experience, from barbecues on the fire place in winter to a theme reception in our Camp style conference center, or banquet room. In our meeting space, you and your colleagues will be pampered with attentive service tailored to fit your needs.

We are also experienced in coordinating and developing corporate team building activities and exercises.

Our dedicated sales staff is ready to make your next business meeting a memorable and enchanting experience.

Group packages are available. Please call for details. Applicable taxes as well as Dining Room and Housekeeping gratuities are additional.

Conference space and all meeting rooms have touch tone phone system/fax service and computer hook ups.

8.9 Medical Health Care The medical services being promoted under health tourism are as follows:

1. Therapeutic & Healing Thai Spa 2. Traditional Thai Medical Care 3. Beauty & Image 4. Weight Management Program 5. Diet & Nutritional Program 6. Relaxation Techniques & Stress Management as well as Spirituality Meditation, Yoga,

etc. 7. Medical Services, for example:-

-Medical check-up packages -Herbal and Thai Traditional Medicines -Other medical cares for chronic disorders like cancer care, etc. - Addiction recovery -Rehabilitation + +


135

8.10 I T Hub

For those who would like to change or deal with IT World, we are always with you, helping you to get what you want. 9. THE MARKET OPPORTUNITIES

For Health Care Tourism in Thailand

9.1 Definitions: What is Tourism? Seeking Recreation What is Health? A balance of the physical, mental, emotional and spiritual aspects of our being What is a Health Care Tourist? Someone who finds recreation in a place which promotes health and natural therapies that renew the whole person According to the North America, below is the definition of Health Tourism; “Health Tourism encompasses those products and services that designed to promote and enable their customers to improve and maintain their health through the combination of leisure, recreational and educational activities in a location removed from the distractions of work and home.” Health means different things to different people in relation to a break. For a few, it becomes a priority only when threatened by illness. A break may seen as an opportunity to re-energize, a sporting activity, an indulgent relaxation, or simply a way to escape or explore alternative ways to achieve a sense of wellbeing. Health tourism is an old concept-people have been traveling from their home countries to other parts of the world for centuries in search of personal, specific and new medical treatments. The reasons for this interesting form of tourism are as varied as the travelers. People choose Thailand for medicinal services for two main reasons: high quality and reasonable prices.


136

Health Care Tourism: We all take health and vitality for granted until something goes wrong. But today, there’s a groundswell across the globe moving us toward prevention versus intervention, helping people achieve a higher quality of life. People everywhere are listening to scientists who tell us that nutrition and lifestyle play a major role in longevity and our quality of life.

What is Spa?

1. Sonus Per Aqua: Health through Water or well-being by water 2. Spas are places where you can slip away to and forget about life's troubles. 3. ISPA defines "Spa" in July 2004 at New York as:

Spas are devoted to enhancing overall well-being through a variety of professional services that encourage the renewal of mind, body and spirit. Club Spa A facility whose primary purpose is fitness and which offers a variety of professionally services on a day-use basis Day Spa A spa offering a variety of professionally administered spa services to clients on a day. Medical Spa A facility that operates under the full-time, on-site supervision of a licensed health care, primary purpose is to provide comprehensive medical and wellness care in an environment spa services, as well as traditional, complementary and/or alternative therapies and operates within the scope of practice of its staff, which can include both A Prevention/Wellness procedures and services. What are Thai Spa / Contemporary Thai Spa? For centuries, Thais have been enjoyed and practice Thai folk wisdom traditional health care for the purpose of attained good health. These well guarded ancient folk wisdom, through integration and innovation, has transformed Thai Spas into a viable business that offers a unique spa experience that is truly second to none. Thai Spas offer various alternatives completely non-evasive therapies for those who are in the pursuit of vanity and pampering or simply a holistic approach to better health. The Contemporary Thai Spa Concept evolves around the three major area of The Thai Cultural Heritage.

1. Thai Traditional Massage 2. Thai Traditional Herbal and Remedies 3. Thai Social and Cultural Grace


137

What is Culture?

1. The civilized way of living among the group of people which integrate art and science into the social system together.

2. Culture is the heritage of society which is passed down through the generation and can be developed for the better quality and value of human living.

3. According to the cultural Anthropology, culture will be composed with knowledge, skills and values.

What is Cultural Spa?

The place offers the better quality of body, mind and soul by distinctively integrating the knowledge, skills and values of indigenous culture through all service and product with respect. And this must encourage the learning experience together to sustain the value of cultural heritage.

9.2 The Health Tourism Markets: Over the past several decades, Thailand has become one of the fastest growing tourism industries within the services sector especially as the economy transits into a post-industrial society. Backed by a steady rise in the number of tourists flocking into the country, especially travelers from western countries like US, UK and Europe, the tourism industry has rapidly become one of the prime sectors in the Thailand economy. Tourism is second major incomes contributions to Thailand economy, which is next to the manufacture industry. The focus on the tourism sector as a potential growth area certainly help to diversify the Thailand economy and to reduce the over-dependence on the manufacture sector, which has suffered a setback in these times of global economic uncertainty. Previously confined to travel packages and tourists attractions, the tourism industry now covers a variety of new sectors, which the government has identified as key growth areas that will spearhead the country’s tourism industry. One of the potential growth areas is Health Tourism, and ready to become the key money spinner for the Thailand tourism industry. However, for many years now, countries like India and Singapore have already been aggressively promoting health tourism through various medical care packages. Upon realizing the large economic gains to be reaped, other countries are also quickly following suit. For example, Hungary has recently declared 2003 as the Year of Health Tourism, while the idea of mixing leisure together with healthcare is not a new concept in the tourism scene. All health-care-cum-tourism activities, which can generate wealth for the local economy, are categorized under health tourism. This means that any healthcare program, which covered medical care, wellness and fitness, are included as components under health tourism. Simply put, health tourism can also be defined as travels for the purpose of enhancing the well-being of the mind, body and spirit of the individual, families and groups.


138

Local hotels are also cashing in on the potential from Health Tourism. Hotels are tying up with medical centers to offer medical holiday schemes or health-check packages, which combine accommodation and full health screening to cater for this group of travelers. Together with the rising trend towards wellness and relaxation, hotels are also tapping into this new market segment by providing a fairly comprehensive wellness facilities and offering spa holidays and health rejuvenation packages to guests. There is no doubt that Thailand can have the potential to become one of the popular Healthcare Tourism Hub for medical services in Asia. One of the main advantages that we are able to capitalize on is the cost factor. The cost of healthcare in Thailand is by comparison cheaper than her regional competitors. Besides being lower in cost, the healthcare industry in Thailand is well equipped with adequate, highly trained specialists, up-to-date facilities and supporting services that are comparable to those hospitals abroad. We have to search for opportunities that will not only generate additional income earnings but also ensure long-term sustainable development. And health tourism could just be the key to more foreign exchange earnings and at the same time, compensate for weakness in the export-oriented manufacture sector. Private hospitals stand to gain much from health tourism. The potential gains from health tourism as a tourism product to capture a larger tourist audience and its contribution to the national economy are simply enormous. Given our country’s diverse culture and rich heritage, together with the presence of well-established and affordable health facilities, Thailand has all the essential ingredients to become a serious player in health tourism. With continuous and collaborative efforts by both the government and Pang NARES (The Royal Spa Co., Ltd.), in the long-term, Thailand can expect to garner huge rewards from health tourism. 9.3 Why Thailand can Become Healthcare Tourism Hub Destination? There are many advantages in choosing Thailand for your private health, well-being, and medical services. Charges and living costs in Thailand are very competitive compare to those in many developed countries. Plus Thailand medical expertise is also ranked among the best in the world. For example, a normal cardiac bypass surgery (CABG) would cost in the region of USD 6,000 – USD 7,000 or a one time visit to Dental Clinic in US would cost somewhere USD 1,000. The favorable exchange rate of USD 1.00 to 38 Baht contributes further to make it an affordable destination. Another reason to consider Thailand is the wide choice of state-of-the-art private medical centers available. These establishments are well-equipped and staffed to serve the healthcare needs of people from all over the world. Medical specialists in Thailand are highly qualified professionals, and supported by well-trained paramedical staff and sophisticated medical equipment.


139

In Thailand, all private medical centers are approved and licensed by the Ministry of Public Health. Most of the private medical centers as well as some of the government hospitals have achieved certification for internationally recognized quality standards, for example, MS ISO 9002.

9.4 SPA Business Structure in Thailand 1. Destination Spa 2. Hotel & Resort Spa 3. Day Spa 4. Spa Consultant

5. Spa Training School

Nowadays, there are approximately 700 certified spa places (Relaxation spa and Beauty spa) by the Ministry of Public Health, 415 in Bangkok area. There are 175 institutes or schools as well as government sections passed the government appraisal for producing the Spa Therapists both in Bangkok and up-countries.

There are approx. 390 spa business owners but only 10 to 15 who got the export efficiency for abroad.

Target in Promotion Thai SPA Biz in 2005 According to the government set up policy to exert pressure and promote Thailand to be the centre of Medical Hub of Asia, Thai SPA biz have to stress in developing themselves to international standard but with Thai principal identities as well as initiative marketing in the target countries. Around 3.3 million (2.6 million were foreigners) who came for spa service in 2005 built up the volume to 3,655 million baths and created more than 4000 therapists. Trend for Export in 2005 Tourists start to learn about Thai Spa and services so it effects to the popularity of herbal products and Thai spa products. Major Consumers: Europe, Middle East and Asia Competitors: Indonesia (MANDARA Group) Malaysia Singapore (Banyan Tree Spa Group and AAPARA group)


140

SPA Associations 1. ISPA (International SPA Association)

The ISPA association was established under the objection in set up and control, standardization, policy as well as education in SPA. It serves 2,300 members worldwide in 70 countries so that they will run the business at the same marketing plan measurement including the creation for strong activities and widen the business.

SPA is the 4th largest leisure industry in the US with $11.2 billion in annual.

2. Asia-Pacific (ISMED): -The spa industry is growing at an annual rate of 30-100% -Spa travel is the fastest growing sector in the tourism industry -The Asia-Pacific region has become the international center for spa popularity and development 3. Thai Spa Association

9.5 How Pang NARES Health & Sport Park Get Involved? “I have come to believe that today our society as a whole finds itself in similar crisis. We can read about its numerous manifestations every day in the newspapers. We have high inflation and unemployment, we have energy crisis, a crisis in health care, pollution and other environmental disasters, a rising wave of violence and crime, and so on. The basic thesis of this book is that these are all different facets of one and the same crisis, and that this crisis is essentially a crisis of perception. Like the crisis in physics in the 1920s, it derives from the fact that we are trying to apply the concepts of an outdated world view… What we need, then, is a new ‘paradigm’---a new vision of reality; a fundamental change in our thoughts, perceptions, and values…” “I believe that the world-view implied by modern physics is inconsistent with our present society, which does not reflect the harmonious interrelatedness we observe in nature. To achieve such a state of dynamic balance, a radically different social and economic structure will be needed: a cultural revolution in the true sense of the word. The survival of our whole civilization may depend on whether we can bring about such a change. FRITJOF Capra (The Turning Point: Science, society, and the rising culture. 1985) PANG NARES Health & Sport Park The project identified the significant market potential for health tourism and related products and services in Thailand. We estimate that this latent demand could support approximately more than 1,000 old and new facilities in Thailand for the redevelopment and enhancement of existing elements.


141

There are opportunities for the company to supply her services to this new industry, for example, the Medical Spa and Alternative Medicines being a leading example of what can be achieved plus many different types of tourism businesses are able to exploit the potentials. The Home Health Care College will produce more than 100 qualified therapists a year to whom not only work in the country but also can perform the practices overseas as well. Pang NARES Health & Sports Park will be the coordinator and offer the client conform to their family health advisor as well as their own need. Given the potential economic gains from health tourism, Pang NARES H&SP have taken the lead in promoting the concept of health tourism overseas since 1991 and will make the aggressive efforts to market healthcare tourism abroad via website, e-marketing, appoint Local chains and International chains Inc., a Baltimore company as our representative in US, campaigns, road-shows, and trade show to create and promote awareness of Thailand as a Healthcare Tourism Hub. Pang NARES will also work with the spas, sports and recreation, health and fitness, and Thailand Medical community in Thailand as the most appropriate and experienced gateway for the health tourists to access any part of the Thailand Health Tourism Facilities. For the market, we are focusing particularly on the US, UK, and Europe region given the large annual medical expenditures in these countries. We will work closely to local hospitals, healthcare providers, and government agencies to promote their healthcare facilities and services abroad. Among the medical services being promoted under health tourism we offer the world-class facilities and incomparable professional staff make this 64,000-square-foot Spa the place for fitness, pleasure, and wellness opportunities. 9.6 A Unique Gateway to Affordable, World Class Health Care Services in PANG NARES Thailand is well known throughout the world since 1995 for high quality, low cost health care. Its health care system - with well-equipped modern clinics and hospitals, medicinal personnel, health personnel, Superb Quality Health Spa – provides excellent medical and health service to citizens and foreigners alike. Whether for elective procedures like cosmetic plastic surgery or life saving operations like bypass and heart transplants, or as simple as medical check-up and Dental Services, the Thailand Health Tourism Community is experienced and ready to provide these services to the world. Pang NARES Health & Sports Park will be the coordinator and offer the client conform to their family health advisor as well as their own need.


142

9.7 Health Tourism is a Synergy Between Nothing can be more important than the personal health. And nothing can be more important for health tourism industry than making sure we recognize opportunity and provide services that are of the highest quality throughout. Health Tourism is where these two priorities come together, forging a vital link betweens holidays, short breaks or day trip and wellbeing of mind, body, and spirit. Thailand can win a great share of the market and become the Hub of Asia Healthcare Tourism by offering the right products, competitively prices and of high quality, tourism business in Thailand and attract more visitors from overseas. We have identified major growth potential in health tourism. Although sports is the largest sector, the one with the greatest potential is the dedicated health break – both day visits and residential at spas, health farms and hotels with luxury leisure facilities. This is a niche market, one that is high earning and not dependent on mass market volume. It also dovetails with the clearly established trend towards shorter breaks, taken throughout the year. Health tourism also caters to the growing public awareness of health issues. The important of a balanced diet, exercise and avoiding stress is widely recognized. People have more disposable income than ever before, and they are willing to spend it on themselves. 9.8 Pang NARES Culture, Pang NARES Knowledge:

1. We integrate all rare Thai wisdom where is transferred from the ancestors and apply it in the innovative way:

LIFE Therapy based on Thai Traditional Medicine for the treatment in spa service

Lifestyle Individual Age Four Element Endless time

Thai herbal therapy: Thai Herbal steam suit with

the gender Ritual of Thai bathing

– the hydrotherapy in Thai way

Fresh Royal Thai Silk treatment Thai floral scent for aromatherapy


143

2. We live in The Kingdom with belief in Sumeru Mountain from Tri Phum(Three worlds):

the ancient literature from Sukhothai era by King Lithai since 1345 described about Thai cosmology and Buddhism philosophy in making merit will lead to heaven

Design theme with layout planning Core element in reminding the existence & philosophy of the kingdom through

the talisman “Rub Jantra Ritual” is performed for showing the respect to the period which The Goddess of Lunar has met with the God of sun. Our ancestors believe this will bring the happiness to the life of all residents in the Kingdom. 3. AMPER BANRAI is the famous name for hundreds of years for home-spun cotton which diversified to silk as well. It is not only the material which is totally from natural things but also the decorative pattern and typical LAOS, LAVA and KHAMU tribes style by local weavers. Every year in the ceremony of presenting yellow robes to Buddhist monk (Kathin Ceremony), in Banrai we carry forward the good traditions, Julla-Kathin. The ceremony starts with picking cotton from the cotton field, spinning, weaving, dye the piece of cloth yellow to be the yellow to give to monks in Kathin ritual. Expected Benefit for Cultural Spa

New Spa experience rich in cultural learning The sustainable indigenous cultural heritage The better quality of human value The development of cultural awareness and understanding in society

9.9 Factors that will be effective to the Project Successes 2.9.1 Project Concept 2.9.2 Project Goal 2.9.3 Project Value 2.9.4 Project Attribution 2.9.5 Project Action & Connection 2.9.6 Marketing Strategy & Implementation 2.9.7 Human Resource


144

10. THE MARKET ANALYSIS Global spa industry is growing by leaps and bounds. According to the International Spa Association, the number of spas in the U.S. grew at an annual rate of 21% from 1995 -1999 and continues to show strong growth. Aggregate industry revenues grew by 114 percent between 1999 and 2001. The size of the United States spa industry in 2001 was estimated at 9,632 locations; in 2000, approximately 7,000 spas. The baby boomers’ deep pockets ensure an expanding and healthy business. The spa industry has come to embrace numerous alternatives to the standard fare with the spa resort regaining its former popularity. In Asia, where there were virtually no spas in the region prior to 1994, today the spa concept has reached mass consumer awareness. Due to heightened health conscious along with the ancient traditions of healing and warm hospitality, Asia has the potential growth into a new spa destination. Industry analysis predict by the year 2005 every major hotel and resort will feature a spa facility. Thailand is one of Asia’s best destinations for a spa getaway. Thai spas are well known for their luxurious surroundings and can be found throughout the Kingdom – from the city of Bangkok to the hilly northern region of Chiangmai and southern beach paradise of Phuket. In Bangkok, several day spa establishments have been set up to accommodate a growing demand from incoming foreigners: those have larger disposable incomes. Several five-star and four-star hotels opened spa department to serve a growing demand of tourists and travelers. Apart from these growing numbers of hotel spas, there are also many stand-alone spas opened in prime tourist and shopping locations of Bangkok. It is estimated that there were 230 spa facilities in Thailand as June 2002, generating approximately 85 million USD in revenue during the 2001/2002 financial year.


145

10.1 Spa Market 10.1.1 Spa Market Overview Spa Consumer Asia 2003 Potential Spa Holiday Destinations

Thailand22%

Indone19%

MalaysiaAustralia

7%

Singapore6%

Europe6%

India5%

New Zealand4%

United States4%

Others14%

Spa Consumer Asia 2003 Destination of Next Spa Holiday

Thailan42%

Indonesia30%

Malaysia5%

Maldives5%

Australia3%

Europe3%

Others12%

Source: Intelligent Spas 2004


146

10.1.2 Thai Spa Industry Overview -In 2002, the readers from Conde Nast Traveler voted Thailand the second place with an overall score of 93.67%, after Australia (93.87%) with Thailand receiving the highest score of 97.18% in the people and hospitality criteria. -Thai spa industry achieved 64% growth for the period 2000-2002 -Overseas spa patrons accounted for 79% of the country's total spa clientele - yet another clear vote of confidence for Thai spas. -Revenue from Thai spa in 2004 is 5.7 billion baht The spa industry arrived in The Kingdom in early 1990. Today spa business has expanded into modern health resorts offering everything one need for relaxation. In Bangkok, several day spa establishments opened to accommodate a growing demand from a growing middle to a higher income Thais. Going hand in hand with the tourism boom, Thailand has also been dubbed as the Hub of Spas in Asia. Spa is a lifestyle rather than a fashion. Modern day spas encompass the health and wellness elements that are vital to the present day hectic and stressful lifestyle. Many people no longer see spa as just a ‘pampering’, but as a requisite to stay healthy and look good. Spa is not just a Thai massage or various treatments. It is about offering an experience at your spa. What a new spa entrepreneur requires is a firm understanding of the ways in which the ingredients of the spa experience are being redefined. The final investment in a spa will depend on the ‘feel” you wish to create. Spa and beauty business today has become essential for many working individuals especially to women who consider beauty comes first. Many researches show that most of the women around the world are very concerned about their figures, weights and fats. Obesity causes women to lack self confident and these access weights are the cause of many health problems. Spa, beauty and massage are the answer to these health problems. Without going through the plastic surgery, people can loose access fats and tighten their cellulite through the good old massage therapy. 10.1.3 Problems/Barriers and the Solutions

1. Application for work permit in most of the target countries is the main problem in transferring the therapists abroad. Most of Thai Spa therapists are not good in speaking and writing foreign languages.

2. Hindrance in licensing for the approval to practice. In some countries Thai Therapist need to be qualified in written examination as well as examination in implementation of spa practice.

3. The number of qualified Thai Entrepreneur for the International standard and export market is not sufficient for expansion and Franchising Thai Spa Biz.

4. The qualified Thai Spa Therapist or personnel is insufficiency.


147

10.1.4 Phenomenon of Fast Growing Business

1. Many new spas emerged in the market with “Me too” strategy. 2. Consumers feel overwhelming with the persuasion to spa from the spa operators

who don’t really understand what spa is. 3. Many Spa operators select the price war strategy to survive in the industry where

there is no distinctive difference in product characteristics. 4. The quality of products and service will tend to decrease with the price war and lack

of quality resources to support the industry 5. High rate of failure in the industry

10.1.5 What will be the solution?

1. Search for the potential consumers’ need and opportunity in the industry. 2. Find the competitive advantage to create the barrier for new entrants or duplication. 3. Differentiate ourselves from the others.

Search for the potential consumers’ need and opportunity in the industry. ISPA Consumer's Trend 2004

1. An enhanced interest in local and indigenous spa experiences. 2. Customization is increasingly becoming a point in consumers' decision-making process. 3. The combination of massage and yoga could push massage into the realm of ordinary

fitness routines and bodywork for many people. Thai massage is an example here Find the competitive advantage to create the barrier for new entrants or duplication.

1. Thailand is recognized as one of the world’s best in culture and hospitality. 2. Long peaceful history of Thailand with the civilization of culture

Differentiate ourselves from the others.

1. Invention the innovative concept of “Cultural Spa” 2. Focus on the quality management for the sustainable business 3. Social Contribution is the major concerned as one of the human being.

10.1.6 Key trends in the spa industry Product Trends The Eastern/Asian influence continues to be very strong in the industry, influencing products, services and spa design. There is a strong trend towards “medical type” products and service. Food- and plant-based treatments have also gained widespread popularity.


148

Consumer Trends Many people no longer see the spa as “pampering”, but as a requisite to stay healthy and look good. These consumers want simplicity in their spa experiences and are retuning to more traditional spa products. Consumers’ limited free time means they have less time available to spend at the spa, and the industry is designing its offerings around this trend. Technology Trends The industry’s use of technology has advanced in the past two years. Spas have moved beyond the use of the Internet as a simple research or e-mail tool, and now report major investments in database management, integrated channel customer contact systems and marketing products/services online. Investor Trends There is a decrease in single location operation while consolidation seems to be occurring across most spa categories. There is also a strong trend toward branding and retailing within the spa industry. The spa industry has solidified itself as a major player in the hospitality and leisure sector. In the past two years, the spa industry has kept pace with, and even surpassed, other major leisure activities. Despite the economic downturn, the industry has continued to grow at a robust pace. 10.1.7 Rooms / Services Demand Analysis The demand for rooms and seminar activities is high in Amper Banrai Area since the climate is better than Chiengmai and provinces in Northern part of Thailand. The distance is only 230 Kilometers from Bangkok, by Supanburi province, makes Banrai to be a very famous district for every holiday seasons. Supanburi creates many interesting places for tourism and so make the favor for hotels and resorts in Banrai since it is at the boundary line of Supanburi and the dramatically different of the climate and scenery. A One-Day-trip can offer to any type of customers at reasonable cost. Iyara Hotel invested more than 3,000 million baths on her place but situated on the flat location a few kilometers before the city of UthaiThani province, no beautiful scenery as well as the breeziness and the cold wind from the mountain range. However, her business is quite well because the distance is not far from Bangkok. One can reach the place within a few hours.


149

Hotel & Resorts in AMPER BANRAI

Location/Addr

esses

Rooms

Price (USD)

Facilities

1. Huay Khakhaeng Country Home

102 Moo 8, Amper Banrai, UthaiThani 08-1867-4967, 08-1330-3260, 08-9543-8115

68

21.00 – 66.00

Walk Rally, Seminar Room, Pool, Health Massage, Fire Camping, Bicycles,

2. HUAY PA POK Resort 149 Moo 3, Amper Banrai, UthaiThani (056) 539-404, (056) 579-262

41 32.00 – 118.00

Coffee Shop, Restaurant Pool Meeting Room

3. Avartar 161 Moo 3, Amper Banrai, UthaiThani (056) 596-164

44 Package 526.00 -2,105.00

Fresh Water/ Seawater pool, Sport complex, Spa & Pub

4. Kusuma House Moo 3, Amper Banrai, UthaiThani

5. More than 10 resorts which are not registered in TOT lists.

Rooms for rent.

Hotel & Resorts in Uthai Thani

Province

Location/ Addresses

Rooms

Price (USD)

Facilities

1. Iyara Park Hotel 55 Moo 4, Hattanong, A.Muang, UthaiThani 66 (0) 56 516 333 www.iyarapark.com

320 246 – 1,727

Meetings & Convention Exhibition, Sauna, Thai Massage Aromatherapy, Golf & Major Sports, Horse riding Kiddy corner, Pool Leisure Activities,

2 Huay Kha Khaeng CHATETHASILP

A.Muang, UthaiThani

21.00 up Exhibition Hall, Meeting & Convention Pool, etc.


150

10.1.8 Tourist Arrivals to Thailand in 2004

TOT report in 2004 on tourists who stayed in The Kingdom of Thailand and the expenses they did as the followings.

Country

Tourists Arrival

Period of

Stay

Spending /person

(USD/day)

Total Revenue

(USD)

United States

557,098

9.85

105.86

701.20 Million

United Kingdom

628,679

12.75

102.18

813.97 Million

Scandinavia

457,365

13.34

100.00

585.82 Million

Japan

1,182,967

7.03

119.21

990.64 Million

Singapore

732,180

5.34

118.7

464.10 Million

Hong Kong

656,941

5.12

119.57

402.20 Million

1 USD = THAI BAHT 38.00/ Nov 19, 2006 Research & Statistics Division Tourism Authority of Thailand (TOT) 10.1.9 Period of Stay in Thailand

Year Average Day of Stay

1996 8.23 1997 8.33 1998 8.40 1999 7.96 2000 7.77 2001 7.93 2002 7.98 2003 8.19 2004 8.00 Research & Statistics Division Tourism Authority of Thailand (TOT)


151

1.1.10 Data of International Tourist Arrivals To Thailand


152


153


154


155


156


157

10.2 Herbal Products Market In 2005 From KASIKORN Bank Research: Consumption Behavior in Herbal Products The total market is approximately 50,000 Million Bahts or around USD 1,316 million. Export in 2005 approx. USD 41,052,631 (41.05 USD Millions) Consumption in the Kingdom USD 1,250,526,300 (1,250.53 USD Millions)

Description

s

BKK &

Outskirt

Central

Part

Northern

Part

North-eastern

Southern

Part

Total USD

Herbal Food Supplements

88.42 M

40.79 M

51.58 M

52.63 M

21.58 M

255.00 M

Herbal Medicinal Drugs

71.05 M

51.32 M

36.05 M

52.37 M

21.05 M

231.84 M

Herbal Cosmetics

84.21 M

75.00 M

57.89 M

55.00 M

22.37 M

294.47 M

Herbal Teas & Drink

65.79 M

60.53 M

42.11 M

53.95 M

24.21 M

246,58 M

Herbal Spa Products

57.90 M

52.63 M

33.68 M

54.74

23.88 M

222.63 M

Total

367.37 M

280.26 M

221.32 M

268.68 M

112.90 M

1,250.53 M

1 USD = THAI BAHT 38.00/ Nov 19, 2006


158

10.3 Data For Spa Investment In Bangkok Office 10.3.1 Investment Cost / Capacity planning / Manning & Salary THE ROYAL SPA (Bangkok Office) - INVESTMENT COST

TOTAL COST USD

Interior Renovation Costs 150,506.97 FF & E 54,805.26 Professional Fees 22,631.58 Pre-opening Budget Beginning Inventory 35,526.32 Marketing & Promotion 18,421.05 Working Capital 52,631.58 TOTAL 334,522.76

THE ROYAL SPA - CAPACITY PLANNING

Type of Room

No. of

Rm.

No. of Treatment

Bed

Total Treatment

Bed

No. of Treatment hr/Bed/

day

Total No. of

Treatment hr/day

Price/ Treatment

USD/hr

Total Revenue

s/day

Thai Message -Common Room

1 5 5 9 45 40 1,800

Thai Message -Couple Room

1 2 2 9 18 40 720

Foot Reflexology

1 6 6 9 54 45 2,430

Facial Treatment Room

2 1 2 9 18 50 900

Private Treatment Room

3 2 6 9 54 60 3,240

Total Spa Revenue per day

8 16 21 45 189 9,090

Room Occupancy Rate

30 % 2,727

Total Spa Revenue Per month

81,810

Projected Salon Revenue

10 % of Spa

Revenue

8,181

Total Revenue Per month

89,991


159

Assumption Note: - Spa operating hours is 12 hours per day. - A 15-min. room preparation is allocated for every treatment hours. Total no. of treatment hours per month (30% room occupancy rate) 1701 No. of therapists/masseurs required (Working 25 days/month at avg. 5 treatments hrs/day) 14 1 USD = 38.00 BAHT @ Nov 27,2006 THE ROYAL SPA - MANNING AND SALARY Occupancy Rate 30% ------------------------- New Payroll Rate Headcount Amount USD USD Spa Manager 1,320 1 1,320 Assistant Sales Manager 530 1 530 Spa Receptionist 320 3 960 Spa Technician 530 1 530 Therapists 215 14 3,010 Hair Technician 530 2 1,060 Salon Staff 215 3 645 Spa Attendant 160 6 960 TOTAL USD 31 9,015

10.3.2 Profit & Loss Statement THE ROYAL SPA - PROFIT & LOSS STATEMENT Figure in USD

Monthly

% of Sale

Year1

Year 2

Year3

REVENUE Spa Services Hair Salon Services Retail Revenue

81,810 8,181 3,933

87.10% 8.71% 4.19%

981,720 98,172 47,196

1,030,806 103,081 49,556

1,082,346 108,235 52,034

TOTAL REVENUE 93,924 100.00% 1,127,088 1,183,443 1,242,615 COST OF SALES Spa Services Hair Salon Services Retail Staff Commission Other Incentives TOTAL COST OF SALES GROSS PROFIT Salary & Wages Payroll Related TOTAL PAYROLL & RELATED

14,726 1,391 1,967 9,392 4,696

32,172

61,752

9,015

902 9,917

18.00% 17.00% 50.00% 10.00% 5.00%

34.25%

65.75%

9.60% 0.96%

10.56%

176,712 16,692 23,604

112,704 56,352

386,064

741,024

108,180 10,824

119,004

185,548 17,527 24,784

118,339 59,170

405,368

778,075

113,589 11,365

124,954

194,825 18,403 26,023

124,256 62,129

425,636

816,979

119,268 11,933

131,201


160

OVERHEAD EXPENSES Gen & Admin Expenses Utilities Expenses Laundry Expenses Retail/Lease Expenses A&P TOTAL OVERHEAD EXPENSES TOTAL EXPENSES

7,514 2,818 2,818

15,629 9,392

38,171

48,088

8.00% 3.00% 3.00%

16.64% 10.00%

40.64%

51.20%

90,168 33,816 33,816

187,548 112,704

458,052

577,056

94,676 35,507 35,507

196,925 118,344

480,959

605,913

99,410 37,282 37,282

206,772 124,262

505,008

636,209

Net Profit before DEPRE & TAX (LOSS)

13,663

14.55%

163,968

172,162

180,770

% NET PROFIT (LOSS)

14.55%

14.55%

14.55%

14.55%

ROI

49.02%

51.46%

54.04%

10.3.3 PRE-OPENING BUDGET THE ROYAL SPA - PRE-OPENING BUDGET (572 sq. meters) Figure in USD

No.

Items

Qty

Unit Price

Amount

USD

FURNITURE, FIXTURE & EQUIBMENT BUDGET

1

Air conditioners

26,316

Hair Salon

1 Hair dressing chairs (manual hydraulic) 8 197 1,576 2 Steamer 1 526 526 3 Infrared Dryer 2 789 1,578 4 Hair cut equipment 4 210 840 5 Hair Dryers 4 210 840 6 Brushes, combs, and accessories 4 132 528 7 Trolleys 4 132 528 8 Manicure & Pedicure Station and accessories 4 132 528 9 Miscellaneous - - 658 Sub-Total 7,602

Spa

1 Massage beds (wooden legs) 8 263 2,104 2 Thai massage mattress 7 66 462 3 Foot reflexology chairs 5 395 1,975 4 Small side table 12 66 792 5 Trolleys 8 66 528 6 Stools 8 40 320


161

7 Burners and candles 20 13 260 8 Refrigerator 1 210 210 9 Hot & cool water dispenser 1 263 263 10 Tea sets, cups and tray, etc. 50 13 650 11 Thermal blanket for body wrap treatment 2 921 1,842 12 Basins 20 13 260 13 Towel baskets 16 9 144 14 Staff uniform 30 132 3,960 15 Bed sheets 60 13 780 16 Towel 12 x 12” 600 0.40 240 17 Towel 16 x 32” 600 1 600 18 Towel 30 x 60” 600 6.3 3,780 19 Towel 60 x 80” 30 12 360 20 Miscellaneous (shower cap, underwear, etc. - - 1,354 Sub-Total 20,884

TOTAL FURNITURE FIXTURE & EQUIPMENT BUDGET 1 USD = 38.0 THAI BAHT (Nov.9,06)

$ 54,802

STOCK & MERCHANDISE Figure in Thai Baht

No

Items

Qty

Unit Price

Amount

STOCK & MERCHANDISE

1

Products used for spa and salon treatment

-

-

1,080,000

2

Spa merchandise

-

-

270,000

TOTAL STOCK & MERCHANDISE

-

-

1,350,000

(USD35,526)

1 USD = 38.0 THAI BAHT (Nov.19, 2006)


162

MARKTING & PROMOTION Figure in Thai Baht

No

Items

Qty

Unit Price

Amount

MARKTING & PROMOTION

1

Promotion material (spa vouchers, flyer, brochures, price list)

-

-

300,000

2

Recruitment & Training

-

-

200,000

3

Promotion activities (Opening ceremony, etc.)

-

-

200,000

TOTAL MARKETING & PROMOTION

-

-

700,000

(USD18,421)

1 USD = 38.0 THAI BAHT (Nov.19, 2006) 10.3.4 INTERIOR DECORATION COSTING THE ROYAL SPA: Figure in Thai Baht

FRONT ENTRANCE: 571.36 sq. m.

Unit

Cost/unit

Amount

1. Glass panel 2. Glass Door 3. Woodwork

12.6

8,000

100,800 60,000 80,000

TOTAL

฿ 240,800

(USD 6,336.84)

1 USD = 38.0 THAI BAHT (Nov.19, 2006)


163

1 USD = 38.0 THAI BAHT (Nov.19, 2006) Figure in Thai Baht RECEPTION AREA: 56.07 Sq. M

Unit

Cost/unit

Amount

1. Floor finishing with compress

marble 2. Ceiling Finishing 3. Lighting/Power Point Fixture 4. Wall/Partition Finishing 5. Wall Motifs 6. Decoration/Woodwork 7. Furniture 8. Water Feature

56.07 56.07 26.00 45.00

3,500 500

1,000 500

194,245 28,035 26,000 22,500 20,000 70,000 60,000

225,000

TOTAL

฿ 447,780

(USD 11,783.68)

Figure in Thai Baht

ADMINISTRATIVE OFFICE: 7.82 Sq. m

Unit

Cost/unit

Amount

1. Timber Flooring 2. Ceiling Finishing 3. Lighting/Power Point Fixture 4. Wall/Partition Finishing 5. Decoration/Woodwork 6. Furniture

7.82 7.82 4.00 18.00

2,000 500

1,000 500

15,640 3,910 4,000 9,000

10,000 20,000

TOTAL

฿ 62,550

(USD 1,646.05)

Figure in Thai Baht

CONSULTANCY ROOM: 8.04 Sq. M

Unit

Cost/unit

Amount

1 Floor finishing with compress

marble 2 Ceiling Finishing 3 Lighting/Power Point Fixture 4 Wall/Partition Finishing 5 Glass Door 6 Decoration/Woodwork 7 Furniture

8.04 8.04 4.00 18.00

3,5000

500 1,000 1,000

28,140 4,020 4,000

18,000 20,000 10,000 20,000

TOTAL

104,160

(USD 2,741.05)


164

1 USD = 38.0 THAI BAHT (Nov.9, 2006) Figure in Thai Baht

RELAXING LOUNGE: 44.2 Sq. M

Unit

Cost/unit

Amount

1. Timber Flooring 2. Ceiling Finishing 3. Lighting/Power Point Fixture 4. Wall/Partition Finishing 5. Wall Motif 6. Decoration/Woodwork 7. Furniture 8. Water Feature

44.20 44.20 13.00 42.00

2,000 500

1,000 1,000

88,400

22,1000 13,000 42,000 60,000 40,000 60,000 25,000

TOTAL

350,500

(USD 9,223.68) Figure in Thai Baht

TRADITIONAL THAI MASSAGE AREA (COMMON ROOM): 40.86 Sq. M

Unit

Cost/unit

Amount 1. Timber Flooring 2. Ceiling Finishing 3. Lighting Fixture 4. Wall/Partition Finishing 5. Wall Motifs 6. Decoration/Woodwork 7. Furniture

40.86 40.86 11.00 40.00

2,000 500

1,000 1,000

81,720 20,430 11,000 40,000 20,000 25,000 75,000

TOTAL

273,150


TRADITIONAL THAI MASSAGE AREA (VIP ROOM): 18,25 Sq. M

Unit

Cost/unit

Amount 1. Timber Flooring 2. Ceiling Finishing 3. Lighting Fixture 4. Wall/Partition Finishing 5. Wall Motifs 6. Decoration/Woodwork 7. Furniture

18.25 18.25 4.00 26.00

2,000 500

1,000 1,000

36,500 9,125 4,000

26,000 10,000 20,000 40,000

TOTAL

145,625

(USD 3,832.24)


165


VIP PRIVATE TREATMENT ROOM (3 ROOMS): 70.0Sq. M

Unit

Cost/unit

Amount

1. Timber Flooring 2. Ceiling Finishing 3. Lighting Fixture 4. Wall/Partition Finishing 5. Wall Motifs 6. Decoration/Woodwork 7. Furniture 8. Jacuzzi/ steam 9. Bath room ware

70.00 30.00 99.96 45.00 60.00

2,000 2,00 500

1,000 1,000

140,000

60,00 49,980 45,000 60,000 60,000 50,000

1,200,000 50,000

TOTAL

1,714,980


BAR AREA : 5.29 Sq. M

Unit

Cost/unit

Amount

1. Timber Flooring 2. Ceiling Finishing 3. Lighting Fixture 4. Wall/Partition Finishing 5. Decoration/Woodwork 6. Furniture

5.29 5.29 5.00 14.00

2,000 500

1,000 1,000

10,580 2,645 5,000

14,000 20,000 30,000

TOTAL

82,225


FACIAL TREATMENT ROOM : 19.80 Sq. M

Unit

Cost/unit

Amount

1. Timber Flooring 2. Ceiling Finishing 3. Lighting Fixture 4. Wall/Partition Finishing 5. Wall Motifs 6. Decoration/Woodwork 7. Furniture

19.80 19.80 12.00 36.00

3,500 500

1,000 1,000

69,300 9,900

12,000 36,000 10,000 30,000 50,000

TOTAL

217,200

(USD 5,715.79)


166


HAIR DRESSING AREA: 47.00 Sq. M

Unit

Cost/unit

Amount

1. Floor finishing with compress

marble 2. Ceiling Finishing 3. Lighting Fixture 4. Wall/Partition Finishing 5. Wall Motifs 6. Decoration/Woodwork 7. Furniture 8. Water Feature

47.00 47.00 20.00 42.00

3,500 500 1,000 1,000

164,500 23,500 20,000 42,000 10,000 40,000

150,000 25,000

TOTAL

475,000

(USD 12,500) Figure in Thai Baht

FOOT REFLEXOLOGY AREA: 45.88 Sq. M

Unit

Cost/unit

Amount

1. Timber Flooring 2. Ceiling Finishing 3. Lighting Fixture 4. Wall/Partition Finishing 5. Wall Motifs 6. Decoration/Woodwork 7. Furniture

45.88 45.88 14.00 43.00

3,500 500

1,000 1,000

160,580 22,940 14,000 43,000 20,000 50,000 80,000

TOTAL

390,520


STAFF REST AREA: 25.90 Sq. M

Unit

Cost/unit

Amount

1. Ceramic Flooring 2. Ceiling Finishing 3. Lighting Fixture 4. Wall/Partition Finishing 5. Decoration/Woodwork 6. Furniture 7. Bathroom Sanitary Ware

25.90 25.90 7.00 31.00

1,000 500

1,000 1,000

25,900 12,950 7,000

31,000 30,000 10,000 20,000

TOTAL

136,850

(USD 3,601.32)


167


CORRIDOR: 108.80 Sq. M

Unit

Cost/unit

Amount

1. Timber Flooring 2. Ceiling Finishing 3. Lighting Fixture 4. Wall/Partition Finishing 5. Decoration/Woodwork 6. Water Feature

108.8 108.8 25.0 126.0

2,000 500

1,000 1,000

217,600 54,400 25,000

126,000 80,000

150,000

TOTAL

653,000


STORAGE/ PANTRY: 12.45 Sq. M

Unit

Cost/unit

Amount

1. Ceramic Flooring 2. Ceiling Finishing 3. Lighting Fixture 4. Wall/Partition Finishing 5. Decoration/Woodwork 6. Furniture

12.45 12.45 10.00 22.00

1,000 500

1,000 1,000

12,450 6,225

10,000 22,000 30,000 70,000

TOTAL

150,675


COMMON TOILETS: 24.83 Sq. M

Unit

Cost/unit

Amount

1. Ceramic Flooring 2. Ceiling Finishing 3. Lighting Fixture 4. Wall/Partition Finishing 5. Wall Motifs 6. Decoration/Woodwork 7. Toilet Fixture (basin, urinal, etc.)

24.83 24.83 18.00 31.00

1,000 500

1,000 1,000

24,830 12,415 18,000 31,000 10,000 64,000 64,000

TOTAL

224,245

(USD 5,901.18)


168


STORE ROOM: 6.67 Sq. Meters

Unit

Cost/unit

Amount

1. Ceramic Flooring 2. Ceiling Finishing 3. Lighting Fixture 4. Wall/Partition Finishing 5. Furniture

6.67 6.67 4.00 16.00

1,000 500

1,000 1,000

6,670 3,335 4,000

16,000 20,000

TOTAL

50,005

(USD 1,315.92)

GRAND TOTAL (BAHT) 5,719,265

0R (USD) 150,506.97


169

11. MANAGEMENT SUMMARY The initial management team depends on the founders themselves, with back-up assistance from the property management department of PANG NARES. As we continue to grow, we will establish satellite offices in all of our living developments. It will also be necessary to take on additional help in the marketing and R & D sectors as growth continues.

11.1 Organizational Structure PANG NARES depends on an organized division of responsibilities in order to run an efficient, diversified enterprise. Main decisions and responsibilities will be divided between the four top partners. They will focus on maintaining high quality and a cohesive business entity. Top division managers will be given specific responsibilities such as marketing, finance, strategic management, or research and development. PANG NARES is completely departmentalized. The main departments are Administration, Marketing, Accommodation, SPA and Health. PANG NARES employees at the beginning of the project operation will be approximately 170 employees.

Ms , Wasina Thani, the founder of the company, assumes the responsibilities of the Managing Director, while his co-partner, Mr. Siwat Thani will be responsible for the duties of General Manager and Miss.Sriwattra Thani will responsible for the duties of Sale Manager. The company will make all decisions in accordance with the company mission. Employees are delegated tasks based upon their specialty.


170

11.2 Management Team Managing Director: Ms. Wasina Thani

WASINA THANI

NAME WASINA THANI

NICK NAME PANNI, SUPANNI, OULN

FAMILY SIRIKANT

STATUS Married

NATIONALITY Thai

RACE Thai

BIRTH PLACE UBOLRAJTHANI Province, Thailand

DATE OF BIRTH November 5, 1942

ADDRESSES 99/10, Mooban 99-Ngamwongwan Road, Laadyao,

Jatujak, Bangkok 10900

TELEPHONE 0-2561-1417, 08-1986-4099

FACIMILE 0-2579-1295

SPOUSE Mr. SIRISAKDI THANI

SPOUSE WORK Pensioned FDA Official

Counsellor of the Bureau of Food and Drug Administration


171

CHILDREN 1. Mr. SIWAT THANI

-B.A. (Assumption University, Major in Art & English)

-M.A. (Assumption University, Marketing Psychology &

Administration- On-going Thesis Research)

2. Miss SIWATTRA THANI

B.A. International College, MAHIDOL University

(Major in Travel Industry Management)

EDUCATION

2004 – Present Doctor of Philosophy Program in Phyto-

pharmaceutical Sciences (International Program),

MAHIDOL University. On-going Thesis Research

1982 Master of Pharmaceutical Science

(Pharmacy Administration)

CHULALONGKORN University, Bangkok, Thailand

1967 Bachelor of Pharmaceutical Science,

(Major in Advance PHARMACOGNOSY)

University of Medical Science, Bangkok, Thailand

1962 Pre-University Certificate,

BENJAMARAJALAI School, Bangkok

1960 Secondary School Certificate, NAREENUKUL School,

UBOLRAJTHANI

1953 Primary School Certificate, AMNUAYPANYA School,

AMPER MUANGSAMSIB, UBOLRAJTHANI

CONTINUED EDUCATION

2005 Medical Spa Certificate, Ministry of Public Health

1994 The High Flyer Certificate

The Institute of Management & Psychology

1992 The Intensive Boss Certificate


1991 The Advanced Marketing for the Executive Development


172

The Institute of CEO Development

1989 Executive Education Program “The Boss”


WORK EXPERIENCES

1992 – Present “Pang NARES” Project, AMPER BANRAI,

UTAITHANI, Health & Sport Park

2005 – Present Member of the Committee of Regulation Re-curriculum

Medical Spa, Ministry of Public Health

2005 – Present Board of Directors of The BOSS Synergy Association

PATUMTHANI

1991 – 1992 “The Boss Home-Office”

–Created Service Apartment for sales on SUKHUMVIT

SOI 11, sold ฿ 44 millions in June, 1992

1990 – 1991 “Pharmaceutical Factory Lands”

-Development factory lands for sales on RUNGSIT

KLONG 3,

1984 – 1995 American International Assurance (AIA) - Unit Manager

1982 – 1985 PANNI BHAESAJ

-Established drugstore, opposite SIRIRAJ Hospital, Sold.

1980 – 1982 BOONSIRI Nursery school at UBOLRAJTHANI province,

Sold

1976 – 1980 Johnson & Johnson (Thailand), Professional Products

Department - Product Manager

1974 – 1976 Merck (Germany) - Bangkok & Vietnam Manager

1970 – 1974 Marketing Pharmacist Association: Secreatry

1967 – 1974 The East Asiatic Co., Ltd, ICI Pharmaceutical Division

- Technical Representative

1966 – 1967 Student Club: - President of Lady Students,

- Vice President of Students Club,

1965 – 1966 Chief of Senior Students,

Student Club: - Treasurer

1964 – 1965 Student Club: - Chief of Recreation Division


173

1963 – 1964 Student Club: - Faculty Journal’s Editor Assistant

1962 – 1963 Student Club, Faculty of Pharmacy, University of Medical

Science, Freshmen Chairman

1961 – 1962 BENJAMARAJALAI School Journal Editor & Writer,

Photographer

1960 NAREENUKUL School Journal Editor

1957 – 1960 NAREENUKUL School, Prefect or Monitor

1958 Free lance Writer for Journals (sold countrywide)

SOCIAL & POLITICS INVOLVED

1989 – Present Member of the BOSS Association

1989 – Present Board of Directors of DEBSIRIN Parents and Teachers

Association

2005 – 2006 Consultant of the Public Participation Commission, Policy

and Plan Division, the Senate

2005 – 2006 Consultant of the Public Participation Commission,

Government Politics, Administration and Security

Division, the Senate

1995 – 2006 Board of Directors of Public Health Ministry Ladies’

Association

1967 – Present Member of The Pharmaceutical Association of Thailand

Under Royal Patronage

1994 - Present Member of The Pharmacy Council

1992 – 1993 Consultant of Chairman of the Senate (Upper

House), Prof. MARUT BUNNAK

1990 – 1992 Consultant of the Public Health Minister,

Prof. MARUT BUNNAK

1986 – 1988 Consultant of Deputy Prime Minister,

Mr. BHICHAI RATTAKUL

1990 – 1991 Board of Directors on Ethics Council, Department of The

Pharmaceutical Association of Thailand under the Royal

Patronage


174

1985 – 1989 Board of Directors of City Council, Bangkok Metropolitan

Municipality

1976 Member of Parliament Runner up

OVERSEAS TRAINING & CONFERENCES

2005 Benelux:

TREPNET 2005 (International Meeting dedicated to

reporting on the latest advances in the chemistry and

biology of terpenes and isoprenoids at Wageningen

University and Research Center, The Netherlands);

Institute of Biology Leiden, The Netherlands

2003 - Hong Kong: International Convention of UNICITY

- Singapore: Regional Convention of UNICITY

2002 Seoul, Republic of Korea:

The 19th Federal of Asia Pharmaceutical Science

2001 Republic of People of China: TIANSHI Food Supplement

Production, in Beijing and Tianjin City

2000 Anaheim, LA, USA: MORINDA International Convention

2000 Yangon, Union of Myanmar: TIANSHI Marketing Survey

1999 Utah, USA : MORINDA International Inc.

1998 Jampasak, Laos R.O.P.

1997 Tokyo - Kobe, Japan: P & G 1st Asian Skin Symposium

1996 Tokyo, Kyoto, Osaka, Fukuoka, Japan:

Medical Device Safety

1995 Vancouver, Canada:

11th International Conferences on AIDS

1995 Tokyo, Japan:

Regional Meeting of Rainbow Photon

1994 Yokohama, Japan:

10th International Conferences on AIDS

1993 Hong Kong:

Nutrition Sessions Meeting; Ladies’ Association


175

1992 Denmark, Norway, Sweden, Germany, Switzerland

and France: Public Health Administration by the

Ministry of Public Health

1991 - Austria, Germany and Switzerland- Study excursion

- Taipei, R.O.C.:- Study Meeting on Biotech Application

in Pharmaceutical Industry.

- KL, Malaysia:-

The 18th Federal of Asia Pharmaceutical Science

1989 Malaysia & Singapore: Executive Meeting of AIA

1987 Anaheim, LA, USA:

International Convention of AIG (American Insurance

Group)

1987 Hong Kong: Regional Convention

1985 Florida, USA: Summit Club Convention of AIG

1985 Portugal and Spain: Study excursion

1983 The Philippines: Study excursion

1982 Brunei: Public Health Services Survey

1977 Rasa Sayang, Malaysia:

Merck 2nd Regional Conference

1975 Samudra Beach, Indonesia:

Merck 1st Regional Conference

1966 Malaysia: Study excursion

1965 Laos, R.O.P.: Study excursion


176

Genteral Manger : Mr.Siwat Thani

Siwat Thani 99/11 Ngamwongwan Rd., Ladyao, Jatujak, Bangkok 10900 Tel: (081) 984 1212, (02) 561 1417 [email protected]

PERSONAL DATA

Sex : Male Age : 32 Date of Birth : 12 November 1974 Place of Birth : Bangkok Status : Single Nationality : Thai Religion : Buddhism Height / Weight : 165 cms / 75 kgs Language : Thai / Good command in

English EDUCATION 1998 – Present : Master Degree

Counseling Psychology Assumption University (On-going Thesis Project)

1991-1996 : Bachelor Degree of Arts Major : Business English Minor : Advertising Assumption University

1985 – 1991 : Debsirin School

SPECIAL QUALIFICATION : TOFEL : 530 : TOEIC : 830

SPECIAL SKILL : Computer skill: Microsoft office, Microsoft Words, Microsoft Excel, Microsoft PowerPoint, AS-400, And Internet Application WORK EXPERIENCE


177

Nov’2004 – Present : Pure Chem Co., Ltd.

• Indian Company • Food chemical manufacturer

Position : Specialty Sales officer Reporting to : Chief Executive Officer I am responsible for the following;

• Being introduction specialty products launch into the consumer market, food services and food processors.

• Manage new products in sales and marketing promotion. • Building up good relationship to customers and prospects. • Being responsible on sales volume and sales amount and set target for sales

volume. • Taking care customers to maintain and maximum their satisfaction level. • Being responsible after sales services and customer relationship building. • Working closely and co-operating with marketing team to set up events and

promotion activities to increased sales.

Jan’ 2001 – Nov’2004 : OCE (Thailand) Limited • Netherlands Company • Automation manufacturer and

distributor

Position : Sales Executive

Reporting to : Sales Manager

I was responsible for the followings; • Being responsible on sales volume and sales amount and set target for sales

volume. • Taking care customers to maintain and maximum their satisfaction level. • Being responsible after sales services and customer relationship building. • Working closely and co-operating with marketing team to set up events and

promotion activities to increased sales. Aug’1997 – Jan’2001 : Bridgestone Sales (Thailand) Co., Ltd.

• Japanese Company • Tire and wheel

manufacturer

Position : 1999 – 2001


178

Assistant Logistics Manager

1997 – 1999 Senior Logistics Officer

Reporting to : Logistic Manager and

Marketing Manager

I was responsible for the followings: • Being responsible on company up-country warehouse’s operation, e.g. Chonburi and

Bangkok. • Handling & monitoring each warehouse product movement. • Taking care and controlling stock inventory level in order to maintain optimize cost

level of both import and export’s goods flow, e.g. FIFO, FILO. • Balancing the stock level and responsible on daily / weekly / monthly report to

manager in order for accurate forecasting and budget setting. • Being responsible on stock transfer from Bangkok to Had Yai warehouse in case of

emerge needs. • Being responsible on OEM’s stock level maintains for both international and local

customers. • Dealing with oversea customers, build up and keep the stock for them, arrange and

make sure goods can be deliver on time once order in, e.g. Hong Kong, Australia, and other South Asia countries.

• Transportation & Distribution. • Being responsible contact with co-contractor to make sure trucks schedule on time, co-

contractor such as Nippon Express, K-line Express and Bangkok Express Line, etc. • Being responsible on OEM transportation’s follow up. • In house co-operation. • Working closely with product line, planning and sales department of accuracy budget

setting and forecasting. • Being responsible on company promotion activities, such as Rally activities, and join in

with other Automobiles (Nissan, Volvo, Toyota etc) support tires for demonstration. • Handling purchasing process, issue the P/O and making decision of products’ size,

volume and type etc. • Being responsible customer service after sale for repairing tires – truck tires, after

repaired and send back to customer. • Assisting manager to go to up country’s warehouse to solved problems and evaluated

work performance. • Handling some other in-house works and activities.


179

Sales Manager : Miss Siwattra Thani

S I W A T T R A T H A N I

99/11 Ngamwongwan Rd., Ladyao, Jatujak, Bangkok 10900 Tel: 02-561-1417 MB: 01-9393-464 Email address: [email protected]

PERSONAL DATA Gender : Female Age : 30 years Date of Birth : July 28, 1976 Place of Birth : Bangkok Marital Status : Single Nationality : Thai Religion : Buddhism Height / Weight : 165 cm. / 50 kg. Identification Card No. : 4102000013688 Valid Driving License No. : 39025894 WORK EXPERIENCE Aug’ 03 – Present Novotel Lotus Hotel Bangkok, Thailand

Position : Sales Manager Reporting to : Director of Sales & Marketing

• Being responsible for expanding sales to increase corporate market for both Novotel Lotus & Regency park Bangkok (sister hotel)

• Taking care existing clients to maintain and maximum their satisfaction level • Working closely and co-operating with sales team to set up promotion activities to

increase sales • Assisting Director of Sales & Marketing to prepare marketing report • Developed excellence in sales training courses

Jun’ 01 – Aug’ 03 Rembrandt Towers Serviced Apartments Bangkok, Thailand

Position : Assistant Sales Manager Reporting to : Resident Manager

• Being responsible for expanding sales to increase both corporate & agency market • Taking care existing clients to maintain and maximum their satisfaction level


180

• Manage sales team and set up their target, sales planning, and area of work in order to operate department efficiency

• Set up promotion activities to increase sales • Taking care reservation department

Sep’ 99 – May’ 01 Omni Tower Service Apartment Bangkok, Thailand

Position : Sales Executive Reporting to : Sales & Marketing Manager

• Being responsible for expanding sales to increase corporate market • Taking care existing clients to maintain and maximum their satisfaction level

May’ 98 – Apr’ 99 Regency Park Hotel Bangkok, Thailand

Position : Sales Executive Reporting to: Assistant Director of Sales

• Being responsible for expanding sales to increase corporate market • Taking care existing clients to maintain and maximum their satisfaction level • Developed excellence in sales training courses

Sep’ 97 – Feb’ 98 Novotel Lotus Hotel Bangkok, Thailand

Position : Trainee Reporting to: Training Manager

• Operation training in 6 departments – Personnel & Training, Housekeeping, Front Office, Food & Beverage, Sales & marketing, and Kitchen

EDUCATION 1993-1998 Mahidol University International College Salaya, Thailand Bachelor Degree of Arts Major in Travel Industry Management GPA 2.75 1980 – 1991 Rajini School Bangkok, Thailand M. 6 Diploma SPECIAL SKILL

• Good command of listening, speaking, reading, and writing in English • Computer in Microsoft office, Excel, Words, Power Point, Internet Application, And Fidelio Program • Able to use all kinds of office automation • Have driving license and own transportation


181

INTEREST Music, Reading, Traveling REFERENCE Khun Samart Dansai, Director of Sales & Marketing Novotel Tipviman, Cha-Am Tel. 02-943-7213, (032) 451-200 Any information upon request


182

Advisor : Pharmacist Sirisakdi Thani


183

NAME SIRISAKDI THANI NICK NAME OHD

STATUS Married

NATIONALITY Thai

RACE Thai

BIRTH PLACE UBOLRAJTHANI Province, Thailand

DATE OF BIRTH June 12, 1944

ADDRESSES 99/11, Mooban 99-Ngamwongwan Road, Laadyao,

Jatujak, Bangkok 10900

TELEPHONE 0-2561-1417, 08-1925-5429

FACIMILE 0-2579-1295

SPOUSE Mrs.WASINA THANI

SPOUSE WORK Health & Sport Resort in UTHAITHANI

CHILDREN 1. Mr. SIWAT THANI

-B.A. (Assumption University, Major in Art & English)

-M.A. (Assumption University, Marketing Psychology

Administration- On-going Thesis Research)

2. Miss SIWATTRA THANI

B.A. International College, MAHIDOL University

(Major in Travel Industry Management)


184

DECORATIONS 2000 CHANGPHUEG First Class PRATHAMAPOR

1997 MONGKUT THAI First Class PRATHAMAPORN

1994 CHAKKAPADDHIMALA

1988 MONGKUT THAI Second Class TAWITIYAPORN

EDUCATION: 1995 Certificate “Quality Assessment Techniques and

Behavioral Management” NIDA ( National Institute of Development Administration)

1990 The “BOSS” Certificate

Management & Psychology Institute

1969 Bachelor of Science (Pharm.)

National University, The Philippines

1964 Certificat Pre - University School

Yotin Burana School, Bangkok

1962 Secondary School Certificate

Benjamamaharaj School

GOVERNMENT SERVICE

1969, Oct. 21 Trial for Food & Drug Inspector

1970, May 1 Food & Drug Inspector Class 3

1979, Mar.14 Food & Drug Inspector Class 6

1977, Aug. 4 FDA Technician Class 7

1990, Nov. 17 Acting Technical Division Director

1993, Jul. 9 Director of Cosmetic Control Division

1993, Oct. 20 Director of Medical Device Control Division

1996, May 21 Senior Expert on Medical Device,

Pharmacist Class 8

1997, Jun. 2 Extraordinary Expert on Medical Device,

Pharmacist Class 9

2004, Feb. 21 Extraordinary Expert on Medical Device,

Pharmacist Class 10

2004, Jun. 16 Retired, Pensioned Official

2004, Jun 21- Present Consultant to Food & Drug Administration

Bureau (FDA Consultant)


185

WORK EXPERIENCES

1. Chair of the working groups regarding

1.1 Revision of Medical Device Act B.E. 2531 (1988)

1.2 Reconsider the Medical Device Import, export, Sales & Labeling

1.3 AIDS & Condoms

1.4 Medical Device Standardization

1.5 Syringes Standardization & Control

1.6 Medical Rubber Glove Standardization & Control

1.7 The license for Medical Device Import & Sales

1.8 Consumer Protection in the Royal Project

1.9 FDA Annual Statistics

1.10 Ad Hoc Committee for Standardization Reconsider

1.11 Ad Hoc Committee for Hospital Pharmaceutical Drugs Development

2 Vice-chairman regarding

2.1 Master plan for Development of Medical Device System

2.2 Try a Case in Medical Device, Cosmetic and Dangerous Drug Acts

3 Worker in the working groups for

3.1 Consumer hot line with FDA

3.2 FDA Public Relations through the Presses

3.3 Reconsideration in categorization of Food, drug and cosmetic

3.4 Reconsideration in categorization of Food, drug and medical device

3.5 Providing advice to the working team regarding medical device

safety control

4 Subcommittee in

4.1 The subcommittee groups regarding the Policies and Measures for controlling

Medical Device

4.2 The subcommittee groups regarding the Policy and Measure on Advertisement


186

4.3 The subcommittee groups regarding the Technical Know-how on Medical

Device

4.4 The subcommittee groups regarding the Policy for controlling Medical Device

4.5 The subcommittee groups regarding the License for Produce, Import, distribute

and the list of particular medical device

4.6 The subcommittee groups regarding upgrading the standard for producing

the medical device

4.7 The subcommittee groups regarding the measure for controlling medical device

advertisement

4.8 The subcommittee groups regarding inspection or analysis medical device

4.9 Regarding controlling and monitoring the medical device information

5. The secretary of the committee

5.1 Regarding consumer protection in public health

5.2 Regarding the promotion the proper use of drug

5.3 Regarding consumer protection by the Royal Project โครงการน้าํพระราชหฤทยั

จากในหลวง (โครงการอีสานเขียว)

5.4 National Drug Policy Development

5.5 The subcommittee groups on Education or Research on Medical Device

Standard

6. The committee in

6.1 The Office of Food and Drug Welfare

6.2 Regarding Quality & Work Evaluation FDA personnel

6.3 Regarding Quality & Work Evaluation Pharmacist

6.4 Regarding health product

6.5 Regarding the hire of private sector in the advertising production in TV and radio

“Read the label before buying” project in 1999

6.6 Cold Pack Standardization Development, TISI, Minister of Industry

6.7 The Cosmetic Committee

6.8 Operation Mission on non-narcotic dispute articles

6.9 The Try Committee Group

6.10 Development Law System on Public Health Consumer Protection


187

6.11 Organization Structure & Personnel Development for 3 fiscal year, Round 3

6.12 Evaluate officers for High and Middle Management Training

6.13 Consideration for the Royal Decorations

6.14 Operation on Ethic Code in Drug Promotion & Practice

6.15 FDA Personnel Efficiency Development

6.16 HIV Test Solution Quality, Medical Science Department

6.17 FDA Cooperative Fund

6.18 Health Product Development

6.19 Medical Device Contribution Fund

6.20 Controller & Advisor for Upgrading Health Product Standardization

7. Speaker / Lecturer for

7.1 Condom distributors Seminar 5 times in the City of Bangkok

7.2 Syringe Standard Control Seminar. Bangkok, March 21 – 22, 1995.

7.3 FDA in Cosmetic Operation. Rayong, September 1 – 3, 1993.

7.4 Medical Device Control Guide, Medical Device Manufacturer and Distributor Association.

Bangkok, December 19, 1995.

7.5 The Law and Medical Device in Thailand, Vietnameses sponsored by WHO.

Bangkok, June 19 -21, 1995.

7.6 The Law and Medical Device in Thailand, Burmeses sponsored by WHO.

Bangkok, July 20, 1995.

7.7 The Law and Medical Device in Thailand, Cambodians sponsored by Thai FDA.

Bangkok, July 18 – September 16, 1995.

7.8 The Law and Medical Device in Thailand, Sri Langka group sponsored by WHO.

Bangkok, August 30 - 31, 1995.

7.9 The Law and Health Product, Nikken Sales (Thailand). BKK, September 17, 1995.

7.10 The Law and Health Product, Nikken Sales (Thailand). BKK, January 22, 1996.

7.11 The Law and Health Product, Rainbow Photon Co., Ltd. BKK, December 17, 1996.

7.12 Thai law and Medical Device Regulation. California, U.S.A., February 10 -14 1997.

7.13 Behavior Changes to Protect from AIDS in Female and Youth. BKK, March 25 -26, 1999.

7.14 Draft of Ministerial Regulation. Bangkok, March 23, 2000.

7.15 Medical Device Act Reform. Bangkok, August 2000.


188

7.16 Medical Device Follow up after sales. Prajuabkirikhant, June 26 – 28, 2001.

7.17 Annual Meeting of Medical Device Manufacturer and Distributor Association.

Bangkok, February 27, 2002.

7.18 HIV Test Kid Control. BKK, April 29 – 30, 2002.

7.19 Ministerial Regulation on Medical Device Reform on HIV Test Kid Assessment.

Patumthani, February 13 -14, 2003.

7.20 Ministerial Regulation on Medical Check up Equipment Efficiency. BKK, June 3, 2003.

9. Pharmaceutical Counsellor/ Development/ Problem Study for

9.1 Health Product Follow up Center Development

9.2 Guidance for Reporting on Consumer Protection on Health Product

9.3 Development Guidance in Health Product Control in Community according to Economic

Sufficient Project

9.4 ISO 9000 in Department of Medical Device Control and Department of Cosmetic Control

9.5 Development of the Department of Medical Device Control Structure

9.6 “Five S” Activity Guide for Department of Medical Device Control

10. Lecture in Universities on Medical Device Law

1. Rungsit University 1997 – 2002

2. Chulalongkorn University 1998

11. Speaker in TV and Radio

Subject

Programme

Date

Place

Weight Management Machines

Chaowannee (Today Morning)

Jan. 27, 1995

Color TV Ch.5

Knowledge to free from AIDS

AIDS Control & Prevention Project

May 29, 1995

TV of Thailand Ch.11

Self Operate Home Medical Device

Chaowannee (Today Morning)

Nov. 7, 1998

FM Radio 89.5


189

12. Overseas Seminar and Conferences

Year

Period (Days)

Subject

Country

1977

25

Training in Food Plant Layout – WHO fund

Copenhagen, Denmark

1977

18

Training in Food Plant Layout, GMP in Food & Drug, Drug Control – WHO fund

Upsala, Stockholm, Leo, Sweden

1998

7

Speaker in Asian Congress of Pharmaceutical Sciences (Pharmaceutical Jurisprudence Section)

Manila, Philippines

1980

6


Kyoto, Japan

1982

6


Seoul, Korea

1988

6


Bali, Indonesia

1990

6

Speaker in Asian Congress of Pharmaceutical Sciences (Pharmaceutical Jurisprudence Section and Public Health Section)

Manila, Philippines

1990

6

Seminar on “Antipyretic Analgesic – New Insight 1990”

Jork Jarkata, Indonesia

1990

8

Drug GMP and Quality Control

Tokyo, Japan

1991

5

“Study Meeting on Biotech Application in Pharm. Industry”

Teipe, Taiwan

1991

14

FAO/WHO Conference on Food Standards Chemicals in Food and Food Trade

Rome, Italy

1991

6

Speaker in 14th Asian Congress of Pharmaceutical Sciences

Lahore, Pakistan

1992

3

General Information about the Organization financial structure Norwegian Public Health System

Oslo, Norway

1993

4

“The 17th IFSCC International Congress Cosmetic Yokohama”

Yokohama, Japan


190

Year Period (days)

Subject Country

1993

3

GMP on Cosmetics

Singapore

1993

3

“The 4th International On Cosmetic Regulation Tokyo”

Tokyo, Japan

1993

8

“Skin Care Cincinnati”

Ohio, U.S.A.

1993

5

GMP on Asia Cosmetic & Beauty Trends 1993

Jarkatar, Indonesia

1994

5

Condom ISO/157

Cape Town, South Africa

1994

3

Condom GMP and Quality Control

Kuala Lumper, Malaysia

1994

5

GMP on Medical Device

Tokyo, Japan

1994

5

Consumer Protection

Malaysia. Singapore

1994

5

The TIM in International & Conference on AIDS/ International Conference on STD YOKOHAMA

Yokohama, Japan

1995

18

Study Tour on Health Care System

Denmark, Sweden, Germany, Switzerland

1995

2

Human Resources Management And Human Resources Development Programs

Japan

1995

2

Productivity Pledge: Performance

Hong Kong

1995

2

Measurement in the Public Sector Service Quality Management and Measuring Performance in Total Quality Implementation

Singapore

1995

5

Inter-country Workshop on Condom Supply Management and Logistics Newdelhi

Newdelhi, India

1995

4

Fifth Global Medical Device Conference

Vancouver, Canada

1995

7

ISO/TC45 Rubber and Condom

Medan, Indonesia

1996

5

Speaker in ASEAN Congress of Pharmaceutical Sciences

Kuala Lumper, Malaysia

1996

6 4

XI International Conference on AIDS LA City Tour

Vancouver, Canada U.S.A.

1997

5

Medical Design and Manufacturing 1997

FDA - U.S.A.

1998

7

GMP in Medical Devices and Drugs

Germany Netherland

2003

4

Seoul FAPA for the Efficient Patient Cares through Pharmacy Practice

Seoul, Korea


191

13. Training and Study in Thailand

Year

Period

(days)

Subject

Country

1989 8 Speaker Training Bangkok

1989 2 Public Health Consumer Protection Trang

1991 4 Reporting System on Consumer Protection Pattaya, Cholburi

1992 42 Public Health High Level Officer Course 8 Many provinces & BKK

1992

14

Training Public Health Pharmacists in

Southern Provinces

Bangkok

1992 1 Seminar Public Health Pharmacists Bangkok

1992 3 Follow up Drug Side Effect Bangkok

1992 2 1992Public Health Policy and Working Plan Pattaya, Cholburi

1992 3 Consumer Protection Seminar Pattaya, Cholburi

1992 3 Work Execution for 1992 Petchburi

1992 3 Budget and Report in 1992 Petchburi

1992

3

1993 Policy and Working Plan and

Implementation

Bangkok

1993 3 Consumer Protection Plan Chaingmai

1993 1 Techniques for Successful Work Pattaya, Cholburi

1993 3 Teamwork Strategy Karnchnaburi

1993 3 Health for All Seminar Rayong

1993 3 1993 Seminar on Consumer Protection Prajuabkirikhant

1993

3

Operation Strategy and Sampling in

Consumer Protection

Rayong

1993 1 Public Health Consumer Protection Bangkok

1993 1 1994 Year Plan for Executive Officer Pattaya, Cholburi

1993 5 Seminar on Consumer Protection Bangkok

1993 3 Seminar on Consumer Protection Prajuabkirikhant

1993 2 Man Power Development Operation Bangkok


192

Year Period (days)

Subject Country

1994 3 Proper Use of Medical Technology Bangkok

1994 4 Executive Officer Meeting Rayong

1994 3 Public Health Annual Seminar Khonkhaen

1994 4 1995 Year Plan Chaingmai

1994 3 1995 Executive Officer Meeting Pattaya, Cholburi

1994 3 Seminar for Public Health Pharmacist Banhkok

1995 3 Strategy for Consumer Protection Plan 8 Pattaya, Cholburi

1995 22 Meeting for Operation Planning Bangkok

1995

5

Condom Production from Natural Rubber

Technique

Bhuket

1995 3 1995 Public Health Pharmacist Seminar Bangkok

1995 1 Direct Sales in Seamless Global Market Bangkok

1995 3 Technical Meeting Pattaya, Cholburi

1995 3 1995 Annual meeting Chaingrai

1996 1 Service Psychology Bangkok

1996

1

Consumer Protection in Health Care Product

Direct Sales

Bangkok

1996

4

1997 Year Plan for Consumer Protection

Operation

Pattaya, Cholburi

1996 3 Annual Meeting for 1997 Budget Year Pitsanuloke

1996 2 1997 Executive Officer Meeting Chaingmai

1997 1 Seminar on Consumer Protection in Health Bangkok

1997 2 HACCP in Canning Industry Bangkok

1997 1 Law Bangkok

1997 2 Physiotherapy Medical Device Bangkok

1997 1 1998 Government Policy and Operation Guide Bangkok

1998 1 Efficiency Increasing Medical Device Bangkok

1998

1

Brain storming on Medical Device Law

Reforming

Bangkok

1998 1 Microsoft Window 95 Bangkok


193

Year Period

(days)

Subject Country

1999

1

ISO 13485/13488 Quality System Medicaid

Devices Particular Requirements for the

application of ISO 9001/9002

Bangkok

1999 3 HACCP System on Crisis Analysis & Control Bangkok

1999

3

Seminar Chief of Pharmacist on Health

Product Consumer Protection

Bangkok

1999

3

1999 Meeting on Health Product Consumer

Protection

Bangkok

1999

2

Seminar on Policy Frame and Management

Guide

Petchburi

1999 1 Meeting on Draft Medical Device Act Bangkok

1999 3 Project under His Majesty Step Rayong

1999 1 Seminar on Medical Device Act Draft Bangkok

1999

3

Seminar for Chief Pharmacist on Health

Product Consumer Protection

Bangkok

1999 5 Intensive Monitoring ADR Bangkok

1999 1 New ISO 9000 Bangkok

1999 3 Annual Meeting Bangkok

1999

2

Promotion and Development of Health

Product in Community

Bangkok

1999 3 Government Management Reform Haadyai, Songkla

1999

1

Patent on Plant, Animal, Microbial and Thai

Herbal Wisdom

Bangkok

1999 1 HACCP System for Thai Food Industry Bangkok

1999 3 Work Plan for 2000 in Health Product Pattaya, Cholburi

1999 1 Drug Export Promotion Bangkok

1999

2

Community Health Product Promotion &

Development

Bangkok

2000

5

Administration Plan

Petchburi/

Nakonpathom


194

Year

Period

(days)

Subject

Country

2000

1

Public Health for National Economic & Social

Development Plan # 9 (2002 – 2006)

Bangkok

2000

3

R & D National Product for Thai Traditional

Medicine

Chaingmai

2000

1

Herb: National Drug List and Implementation

in the hospitals

Bangkok

2000 1 Ecommerce and Consumer Protection Bangkok

2000 2 Health Product Import Control Bangkok

2000 1 Promotion Efficiency Bangkok

2000

1

Asian Cosmetic Monitor for Cosmetic Export

Business

Bangkok

2000

4

2001 Health Product Consumer Protection

Plan

Pattaya, Cholburi

2000

2

Public Health Provincial Consumer Protection

Plan

Bangkok

2000 3 Pharmaceutical Clinical Research Reporting Bangkok

2000 4 Seminar for FDA Implementation Plan Pattaya, Cholburi

2000

1

Seminar for Announcement of Medical Device

Act

Bangkok

2000 1 Ecommerce and Consumer Protection Bangkok

2000 2 New Strategy in Team Management Bangkok

2001

4

Operation Meeting for FDA Strategy Plan and

Implementation

Pattaya, Cholburi

2001

1

Meeting for FDA Strategy and Operation Plan

in next 5 years

Bangkok

2001 2 Additional Rule Law 2001 Bangkok

2001 3 Meeting for Policy Implementation Bangkok

2001

2

Inspection on Good Manufacturing Practice

(GMP) in Food Industry according to the Law

Bangkok


195

Year

Period

(days)

Subject

Country

2001

3

Health Product Consumer Protection

Conference 2001

Bangkok

2001

4

Health Product Consumer Protection

Conference 2002

Cha-am, Petchburi

2001

1

Meeting Network Cooperation on Health

Product Undesired Effect

Bangkok

2001 1 Strategic Plan for Clean Organization Bangkok

2001

2

Follow up Center Conference on Health

Product Undesired Effects 2001

BKK

2001

3

Seminar on Inspection and Demonstration

Evaluation of District 7

Pattaya, Cholburi

2001 3 EU Medical Device Regulation Rayong

2001

2

Implants-in-Search for “Life Long”

Performance

BKK

2001

1

Medical Device for External Diagnosis Control

Policy

BKK

2002

12

Management Promotion for High Executive

Officer Group1 in 2002 fiscal year

BKK

2002

2

Seminar on the Cooperation of FDA and the

Medical Science Department

Karnchanaburi

2002 3 Herbal Medicine BKK

2002

3

Seminar on Inspection and Demonstration

Evaluation of District 7

Pattaya, Cholburi

2002

3

Training on Monitoring Physical Therapy

Equipment or product

Huahin, Prajuabkirikhan

2002

3

Training on Basic Knowledge of Utilization of

Physical Therapy Equipment or product in the

Community

Loey

2002

3

Training for Physical Therapy Equipment or

product Control

Khonkhaen


196

Year

Period

(days)

Subject

Country

2002 1 Impressive Management BKK

2002 1 Enjoy Your Work BKK

2003 2 Press Tour Lopburi

2003 3 Consciousness in Work and Service Rayong

2003 1 Walk Rally for Health Promotion Bkk

2003 3 Training FDA Staff on FDA Law Nhongkai

2003

1

Follow up Undesired Effects on Health

Product Utilization

BKK

2003

2

Meeting Network Cooperation on Health

Product Undesired Effect

BKK

2003 1 Drugstore and Consumer Protection BKK

2003 1 Medical Device Risk Analysis BKK

2003 1 Advertisement Know How BKK

2003 1 Affiliated Product Control BKK

2003 1 Safety in Contact Lens Utilization BKK

2003 1 GMP and Cosmetic Industry Development BKK

2003 1 Reform of HIV Kid Control Law BKK

2003 1 Food Safety BKK

2003 1 Cardiovascular Disease can be cure BKK

2003 10 1st ASEAN Pharmaceutical Harmonization BKK

2003 2 8 Months Report Meeting Petchaburi

2003 4 Public Health Annual Conference Pattaya, Cholburi

2003

1

Policy and Attitude of Thailand in Health Care

Business

BKK

2003 3 Seminar on Medical Device Description Bhuket


197

11.3 Manning And Salary

The Royal Spa Co., Ltd.

Board of Consultant

New Payroll Rate – USD

Head-count

Amount

USD 1 Chairman 2 Architecture 3 Marketing 4 Medical Spa Specialist 5 Recreation & Tourism 6 Food & Beverage 7 Hotel & Resort 8 Nutrition Specialist 9 Pharmaceutical Specialist

1,300 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000

1 1 1 1 1 1 1 1 1

1,300 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000

TOTAL

9

9,300

Natural Products

Factory


Head-count

Amount

USD 1 Factory Manager 2 Production Manager 3 Manager Assistant 4 Production House 5 Laboratory Manager 6 Chemists 7 Sales & MKT Manager 8 Sales Executives 7 Financial Controller 8 Finance Officer 8 Factory Attendants 9 Engineering 10 Technician

1,320 1,000 800 600

1,000 800

1,000 800

1,000 300 210 600 350

1 1 1 4 1 2 1 2 1 2 3 1 2

1,320 1,000

800 2,400 1,000 1,600 1,000 1,600 1,000

600 630 600 700

TOTAL

22

14,250


198

PN HOTEL & RESORT BKK & UTHAITHANI


Head-count

Amount

USD

1 General Manager 2 Executive Assistant Mgr. 3 Front Office Manager 4 Guest Relation Officer 5 Chief of Engineering 6 Engineers 7 Exec. Housekeeper 8 Floor Attendants 9 Director of Sales MKT 10 Sales Manager 11 Sales Executives 12 Sales Coordinator 13 Chief of F & B 14 Restaurant Manager 15 Executive Chef 16 Cook 17 Waiter 18 Chief Personnel 19 Personnel Officers 20 Operation Manager 21 Operation Team 22 Security Manager 23 Security Officers 24 Financial Controller 25 Chief Accountant 26 Credit Manager 27 Financial Officers 28 Librarian & IT Hub 29 Librarian Assistants 30 Gardening Team

2,500 1,320 650 230

1,000 275 800 170

1,320 650 275 200

1,320 700 800 230 200

1,000 300 500 250 500 180

1,320 700 700 215 500 230

3,000

1 2 1 2 1 2 1 10 1 1 2 1 1 1 1 4 6 1 2 1 4 1 20 1 1 1 2 1 4 1

2,500 2,640

650 460

1,000 550 800

1,700 1,320

650 550 200

1,320 700 800 920

1,200 1,000

600 500

1,000 500

3,600 1,320

700 700 430 500 920

3,000

TOTAL

78

32,730


199

The Royal Spa @ BANGKOK


Head-count

Amount

USD Spa Manager Assistant Sales Manager Spa Receptionist Spa Technician Therapists Hair Technician Salon Staff Spa Attendants

1,320 530 320 530 215 530 215 160

1 1 3 1 14 2 3 6

1,320

530 960 530

3,010 1,060

645 960

TOTAL

31

9,015

Pang NARES SPA @ PN Resort, UTHAITHANI


Head-count

Amount

USD Spa Manager Assistant Sales Manager Spa Receptionist Spa Technician Therapists Hair Technician Salon Staff Spa Attendants

1,050 500 275 395 250 395 180 160

1 1 3 1 9 1 2 4

1,320

500 825 395

2,250 395 360 640

TOTAL

22

6,685

HOME HEALTH CARE COLLEGE & Campus


Head-count

Amount

USD 1 College Manager 2 Principal 3 Class-Instructor 4 Physical Education Master (part-time) 5 Janitor

1,320 1,320 800

200 170

1 1 3 1 2

1,320 1,320 2,400

200 340

TOTAL

8

5,580

TOTAL Salary

170

78,860


200

12. FINANCIAL ANALYSIS 12.1 General Assumptions

General Assumptions Short Term Interest Rate 8.00% Long Term Interest Rate 4.00% Payment days 30 Collection days 45 Inventory Turnover 4 Tax Rate Percent 30.00% Expenses in cash 10.00% Sales on credit 70.00% Personnel Burden 10.00% Income & Expenses Annually Increase 5% Loan Term (Year) 10

12.2 Pro-forma Sale Value

Description Room

Rate TOTAL Income

Monthly % of Sales

Total

/ day / Day Income Year 1 Sales

Spa Services 1 @ Pang NARES 48,742

@ Bangkok

81,810

Special Treatment 2 30 % of #1

39,166

3 BKK 14 Units Service Apartment 75 1,050 31,500

Villa B 4 28 Units 200 5,600 168,000

Villa A 5 20 Units 250 5,000 150,000

Villa C 6 14 Units 300 4,200 126,000


201

Pool Villa 7 3 Units 500 1,500 45,000

8 Garden Thai Houses 20 Units 500 10,000 300,000

9 Pool Thai House Villa 10 Units 800 8,000 240,000

Sub Total

Spa Services & 1,230,218 87.10% 14,786,977

Accommodations

1 Hair Salon Services 123,022 8.71% 1,478,698 2 Retail Revenue 61,612 4.19% 739,349

TOTAL REVENUE 1,414,852 17,005,024

1 11 Market Space

Rental @160/month

-

1,760

21,120

Herbal Natural Products,

- in the Kingdom Consumption

- Export - - 15,000 180,000

2

- - 10,000

120,000 3 Finished Natural

Food ~20 % of 2 - - 2,500

30,000 HHC Membership a-

$1000 20,000 240,000

-Lifetime Member b-$1500

30,000 360,000

c-$2000

40,000 480,000

4

Annual Member $500

20,000

240,000 -HHC College Fee $450/semester/one 18,000 216,000 - 120 Student Accommodation

5

@$160

19,200

230,400 Total FIX 176,460 100 2,117,520 REVENUE

High Value Added Products & Services

TOTAL CASH IN-FLOW 19,122,544


202

12.3 Sales Forecast

Pro-forma Revenue

Year 1 2 3 4 5 6 7 8Revenue 5,736,763 12,429,654 19,074,738 20,028,475 21,029,898 22,081,393 23,185,463 24,344,736Cost of Sales 1,721,739 3,730,435 5,724,783 6,011,022 6,311,573 6,627,151 6,958,509 7,306,434Gross Profit 4,015,024 8,699,219 13,349,955 14,017,453 14,718,325 15,454,242 16,226,954 17,038,302Gross Profit Margin 70 70 70 70 70 70 70 70

Revenue 5,736,763 12,429,654 19,074,738 20,028,475 21,029,898 22,081,393 23,185,463 24,344,736Operating Expenses 1,975,947 4,645,552 6,624,674 6,955,907 7,303,703 7,668,888 8,052,332 8,454,949Operating Profit 3,760,816 7,784,102 12,450,064 13,072,567 13,726,196 14,412,505 15,133,131 15,889,787Operating Profit Margin 66 63 65 65 65 65 65 65

Revenue 5,736,763 12,429,654 19,074,738 20,028,475 21,029,898 22,081,393 23,185,463 24,344,736Expenses 5,137,686 9,815,986 13,649,456 14,106,929 14,595,275 15,116,039 15,670,841 16,241,383Pre-Taxed Profit 599,077 2,613,667 5,425,282 5,921,546 6,434,623 6,965,354 7,514,622 8,103,353Pre-Taxed Profit Margin 10 21 28 30 31 32 32 33

Revenue 5,736,763 12,429,654 19,074,738 20,028,475 21,029,898 22,081,393 23,185,463 24,344,736Expenditure+Int +Tax 5,317,409 11,504,836 16,181,791 16,788,143 17,430,412 18,110,395 18,829,978 19,577,139Net Profit 419,354 924,817 2,892,947 3,240,332 3,599,486 3,970,998 4,355,485 4,767,597Net Profit Margin 7 7 15 16 17 18 19 20 Pro-forma Revenue

Year 9 10 11 12 13 14 15 TotalRevenue 25,561,973 26,840,071 28,182,075 29,591,179 31,070,738 32,624,275 34,255,488 356,036,917Cost of Sales 7,671,756 8,055,344 8,458,111 8,881,017 9,325,068 9,791,321 10,280,887 106,855,149Gross Profit 17,890,217 18,784,727 19,723,964 20,710,162 21,745,670 22,832,954 23,974,601 249,181,768Gross Profit Margin 70 70 70 70 70 70 70 70

Revenue 25,561,973 26,840,071 28,182,075 29,591,179 31,070,738 32,624,275 34,255,488 356,036,917Operating Expenses 8,877,696 9,321,581 9,787,660 10,277,043 10,790,895 11,330,440 11,896,962 123,964,227Operating Profit 16,684,277 17,518,490 18,394,415 19,314,136 20,279,843 21,293,835 22,358,526 232,072,691Operating Profit Margin 65 65 65 65 65 65 65 65

Revenue 25,561,973 26,840,071 28,182,075 29,591,179 31,070,738 32,624,275 34,255,488 356,036,917Expenses 16,829,452 17,456,925 18,245,771 19,158,060 20,115,963 21,121,761 22,177,849 239,439,376Pre-Taxed Profit 8,732,520 9,383,147 9,936,304 10,433,119 10,954,775 11,502,514 12,077,639 116,597,541Pre-Taxed Profit Margin 34 35 35 35 35 35 35 33

Revenue 25,561,973 26,840,071 28,182,075 29,591,179 31,070,738 32,624,275 34,255,488 356,036,917Expenditure+Int +Tax 20,353,958 21,176,619 22,131,412 23,192,745 24,307,145 25,477,265 26,705,891 287,085,139Net Profit 5,208,014 5,663,453 6,050,663 6,398,433 6,763,592 7,147,010 7,549,598 68,951,779Net Profit Margin 20 21 21 22 22 22 22 19


203

0

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

30,000,000

35,000,000

US$

Year

Sales Forecast

Revenue 5,736,7 12,429, 19,074, 20,028, 21,029, 22,081, 23,185, 24,344, 25,561, 26,840, 28,182, 29,591, 31,070, 32,624, 34,255,

Operating Expenses 1,975,9 4,645,5 6,624,6 6,955,9 7,303,7 7,668,8 8,052,3 8,454,9 8,877,6 9,321,5 9,787,6 10,277, 10,790, 11,330, 11,896,

Operating Profit 3,760,8 7,784,1 12,450, 13,072, 13,726, 14,412, 15,133, 15,889, 16,684, 17,518, 18,394, 19,314, 20,279, 21,293, 22,358,

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15


204

12.4 Break-Even Analysis

With fixed costs of $817,999 per month (sales cost + operating expenses + interest). We will need customer 130 persons per day (3,885 persons per month) to spend at least $210.53 /day /person (for the rental cost and other facilities), to cover our monthly expenditure cost.

Expenses Break Even Expenses Break- Even Analysis:

Monthly Person Break-even 3,885

Daily Person Break-even 130 Monthly Sales Break-even $ 817,999

Assumptions: Average Person Sale $ 210.53


205

Pay Back Break-Even Analysis

Paid Back Break Even

0

10,000,000

20,000,000

30,000,000

40,000,000

50,000,000

60,000,000

70,000,000

80,000,000

Year

US$

Capital 40,475, 40,475, 40,475, 40,475, 40,475, 40,475, 40,475, 40,475, 40,475, 40,475, 40,475, 40,475, 40,475, 40,475, 40,475,

Sales Value 5,736,7 12,429, 19,074, 20,028, 21,029, 22,081, 23,185, 24,344, 25,561, 26,840, 28,182, 29,591, 31,070, 32,624, 34,255,

Expenditures 5,317,4 11,504, 16,181, 16,788, 17,430, 18,110, 18,829, 19,577, 20,353, 21,176, 22,131, 23,192, 24,307, 25,477, 26,705,

Net Incomes 419,354 924,817 2,892,9 3,240,3 3,599,4 3,970,9 4,355,4 4,767,5 5,208,0 5,663,4 6,050,6 6,398,4 6,763,5 7,147,0 7,549,5

Outstanding Loan 36,000, 32,500, 28,500, 24,500, 20,500, 16,500, 12,000, 7,000,0 2,000,0 0 0 0 0 0 0

Cash Balance 2,558,3 1,275,6 1,461,1 1,993,9 2,885,9 4,149,4 5,297,4 6,357,5 7,858,0 12,813, 20,157, 27,848, 35,904, 44,343, 53,185,

Equity 1,094,3 2,019,1 4,912,1 8,152,4 11,751, 15,722, 20,078, 24,846, 30,054, 35,717, 41,768, 48,166, 54,930, 62,077, 69,626,

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Pay Back Break- Even

With the debt from loan $36,000,000, PANG NARES will pay the interest and principal annually from 1nd year, and will have principal remain of $7,000,000 at the end of 8th year. As the chart above, shown that at the end of 8th year PANG NARES have cash on hand $ 6,357,500 with the outstanding debt of $7,000,000 The outstanding debt can pay-out at the end of 8 year and 1 month ((See the graph line will cross at that period point).


206

12.5 Pro-forma Profit & Loss The projected profit and loss for PANG NARES is shown on the following table.

This aggressive projection will help our efforts to keep total cost of sales low while increasing gross margin. We will also have very low marketing costs, due to the public exposure to the units, and good word of mouth around the industrial community area. Revenue Structure Main revenues are from:

10.1.1 Room Rental 10.1.2 Spa services 10.1.3 Natural Herbal Products 10.1.4 Health Care Member Fee 10.1.5 Health Care Accommodation 10.1.6 Health Care College Fee 10.1.7 Health care Student Fee 10.1.8 Health Care Student Accommodation 10.1.9 Tourism 10.1.10 Franchise 10.1.11 Etc.

Expenditure Structure Main expenses are for:

10.2.1 Project Renovation 10.2.2 General & Administration 10.2.3 Advertising and Public Relation 10.2.4 Salary & Wages & Payroll related 10.2.5 Staff Commission 10.2.6 Other Incentives 10.2.7 Utility Expenses 10.2.8 Interest 10.2.9 Human Resource Development 10.2.10 Etc.


207

0

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

30,000,000

35,000,000

US$

Year

Pro-forma Profit & Loss

Revenue 5,736,7 12,429, 19,074, 20,028, 21,029, 22,081, 23,185, 24,344, 25,561, 26,840, 28,182, 29,591, 31,070, 32,624, 34,255,

Expenditure+Int +Tax 5,317,4 11,504, 16,181, 16,788, 17,430, 18,110, 18,829, 19,577, 20,353, 21,176, 22,131, 23,192, 24,307, 25,477, 26,705,

Net Profit 419,35 924,81 2,892,9 3,240,3 3,599,4 3,970,9 4,355,4 4,767,5 5,208,0 5,663,4 6,050,6 6,398,4 6,763,5 7,147,0 7,549,5

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15


208

Pang Nares ProjectPro-forma Profit & Loss

YEAR 1 2 3 4 5

InvestmentAsset Cost Owner 4,475,000New Buildings Loan 13,050,000Bangkok Building Loan 12,800,000Infrastructure Renovation, Landscaping Loan 4,000,000Working Capital Loan 6,150,000TOTAL INVESTMENT 40,475,000

REVENUE 100% 30% 65% 95% 95% 95%Spa Services & Accommodation 14,786,977 4,436,093 9,611,535 14,750,010 15,487,510 16,261,886 Hair Salon Services 1,478,698 443,609 961,154 1,475,001 1,548,751 1,626,189 Retail Revenue 739,349 221,805 480,577 737,501 774,376 813,094 Natural Products Sales & Fixed Revenue 2,117,520 635,256 1,376,388 2,112,226 2,217,838 2,328,729 TOTAL REVENUE 19,122,544 5,736,763 12,429,654 19,074,738 20,028,475 21,029,898

- - - EXPENDITURECost of salesSpa Services 18% of Sales 798,497 1,730,076 2,655,002 2,787,752 2,927,139Hair Salon Services 18% of Sales 79,850 173,008 265,500 278,775 292,714Retail Sales 50% of Retail Sales 110,902 240,288 368,750 387,188 406,547Natural Products 25% 0f Sales 158,814 344,097 528,057 554,459 582,182Staff Commission 5% of Sales 286,838 621,483 953,737 1,001,424 1,051,495Other Incentives 5% of Sales 286,838 621,483 953,737 1,001,424 1,051,495TOTAL COST Of SALES 1,721,739 3,730,435 5,724,783 6,011,022 6,311,573Corporate & Overhead ExpensesSalary & Wages 283,896 946,320 993,636 1,043,318 1,095,484 Personnel Burden 28,390 94,632 99,364 104,332 109,548 Gen & Admin Expenses 8% of Sales 458,941 994,372 1,525,979 1,602,278 1,682,392Utilities Expenses 3% of Sales 172,103 372,890 572,242 600,854 630,897Laundry Expenses 3% of Sales 172,103 372,890 572,242 600,854 630,897Advertising & Promotion 10% of Sales 573,676 1,242,965 1,907,474 2,002,847 2,102,990Repair & Maintenance Cost 5% 286,838 621,483 953,737 1,001,424 1,051,495TOTAL CORPORATE & OVERHEAD EXPENSES 1,975,947 4,645,552 6,624,674 6,955,907 7,303,703Investment ExpensesInterest 4% 1,440,000 1,440,000 1,300,000 1,140,000 980,000

TOTAL EXPENDITURE 5,137,686 9,815,986 13,649,456 14,106,929 14,595,275

CORPORATE PROFIT BEFORE DEPRE & TAX 599,077 2,613,667 5,425,282 5,921,546 6,434,623Depreciation 5% 1,292,500 1,292,500 1,292,500 1,292,500 CORPORATE PROFIT BEFORE TAX 599,077 1,321,167 4,132,782 4,629,046 5,142,123Corporate Tax 30% 179,723 396,350 1,239,834 1,388,714 1,542,637

NET PROFIT 419,354 924,817 2,892,947 3,240,332 3,599,486Add back depreciation 1,292,500 1,292,500 1,292,500 1,292,500NET CASH CURRENT 419,354 2,217,317 4,185,447 4,532,832 4,891,986

ROI 7 7 15 16 17


209


YEAR 1 6 7 8 9 10

InvestmentAsset Cost Owner 4,475,000New Buildings Loan 13,050,000Bangkok Building Loan 12,800,000Infrastructure Renovation, Landscaping Loan 4,000,000Working Capital Loan 6,150,000TOTAL INVESTMENT 40,475,000

REVENUE 100% 30% 95% 95% 95% 95% 95%Spa Services & Accommodation 14,786,977 4,436,093 17,074,980 17,928,729 18,825,165 19,766,424 20,754,745 Hair Salon Services 1,478,698 443,609 1,707,498 1,792,873 1,882,517 1,976,643 2,075,475 Retail Revenue 739,349 221,805 853,749 896,437 941,258 988,321 1,037,737 Natural Products Sales & Fixed Revenue 2,117,520 635,256 2,445,166 2,567,424 2,695,795 2,830,585 2,972,114 TOTAL REVENUE 19,122,544 5,736,763 22,081,393 23,185,463 24,344,736 25,561,973 26,840,071

EXPENDITURECost of salesSpa Services 18% of Sales 798,497 3,073,496 3,227,171 3,388,530 3,557,956 3,735,854Hair Salon Services 18% of Sales 79,850 307,350 322,717 338,853 355,796 373,585Retail Sales 50% of Retail Sales 110,902 426,875 448,218 470,629 494,161 518,869Natural Products 25% 0f Sales 158,814 611,291 641,856 673,949 707,646 743,029Staff Commission 5% of Sales 286,838 1,104,070 1,159,273 1,217,237 1,278,099 1,342,004Other Incentives 5% of Sales 286,838 1,104,070 1,159,273 1,217,237 1,278,099 1,342,004TOTAL COST Of SALES 1,721,739 6,627,151 6,958,509 7,306,434 7,671,756 8,055,344Corporate & Overhead ExpensesSalary & Wages 283,896 1,150,258 1,207,771 1,268,159 1,331,567 1,398,146 Personnel Burden 28,390 115,026 120,777 126,816 133,157 139,815 Gen & Admin Expenses 8% of Sales 458,941 1,766,511 1,854,837 1,947,579 2,044,958 2,147,206Utilities Expenses 3% of Sales 172,103 662,442 695,564 730,342 766,859 805,202Laundry Expenses 3% of Sales 172,103 662,442 695,564 730,342 766,859 805,202Advertising & Promotion 10% of Sales 573,676 2,208,139 2,318,546 2,434,474 2,556,197 2,684,007Repair & Maintenance Cost 5% 286,838 1,104,070 1,159,273 1,217,237 1,278,099 1,342,004TOTAL CORPORATE & OVERHEAD EXPENSES 1,975,947 7,668,888 8,052,332 8,454,949 8,877,696 9,321,581Investment ExpensesInterest 4% 1,440,000 820,000 660,000 480,000 280,000 80,000

TOTAL EXPENDITURE 5,137,686 15,116,039 15,670,841 16,241,383 16,829,452 17,456,925

CORPORATE PROFIT BEFORE DEPRE & TAX 599,077 6,965,354 7,514,622 8,103,353 8,732,520 9,383,147Depreciation 5% 1,292,500 1,292,500 1,292,500 1,292,500 1,292,500 CORPORATE PROFIT BEFORE TAX 599,077 5,672,854 6,222,122 6,810,853 7,440,020 8,090,647Corporate Tax 30% 179,723 1,701,856 1,866,637 2,043,256 2,232,006 2,427,194

NET PROFIT 419,354 3,970,998 4,355,485 4,767,597 5,208,014 5,663,453Add back depreciation 1,292,500 1,292,500 1,292,500 1,292,500 1,292,500 NET CASH CURRENT 419,354 5,263,498 5,647,985 6,060,097 6,500,514 6,955,953

ROI 7 18 19 20 20 21


210


YEAR 11 12 13 14 15 Total

InvestmentAsset Cost OwnerNew Buildings LoanBangkok Building LoanInfrastructure Renovation, Landscaping LoanWorking Capital LoanTOTAL INVESTMENT

REVENUE 100% 95% 95% 95% 95% 95%Spa Services & Accommodation 14,786,977 21,792,482 22,882,106 24,026,211 25,227,522 26,488,898 275,314,294 Hair Salon Services 1,478,698 2,179,249 2,288,211 2,402,622 2,522,753 2,648,890 27,531,435 Retail Revenue 739,349 1,089,624 1,144,106 1,201,311 1,261,376 1,324,445 13,765,718 Natural Products Sales & Fixed Revenue 2,117,520 3,120,720 3,276,756 3,440,594 3,612,624 3,793,255 39,425,470 TOTAL REVENUE 19,122,544 28,182,075 29,591,179 31,070,738 32,624,275 34,255,488 356,036,917

EXPENDITURECost of salesSpa Services 18% of Sales 3,922,647 4,118,779 4,324,718 4,540,954 4,768,002 49,556,573 Hair Salon Services 18% of Sales 392,265 411,878 432,472 454,095 476,800 4,955,658 Retail Sales 50% of Retail Sales 544,812 572,053 600,655 630,688 662,223 6,882,859 Natural Products 25% 0f Sales 780,180 819,189 860,148 903,156 948,314 9,856,368 Staff Commission 5% of Sales 1,409,104 1,479,559 1,553,537 1,631,214 1,712,774 17,801,846 Other Incentives 5% of Sales 1,409,104 1,479,559 1,553,537 1,631,214 1,712,774 17,801,846 TOTAL COST Of SALES 8,458,111 8,881,017 9,325,068 9,791,321 10,280,887 106,855,149 Corporate & Overhead ExpensesSalary & Wages 1,468,053 1,541,456 1,618,528 1,699,455 1,784,427 18,830,473 Personnel Burden 146,805 154,146 161,853 169,945 178,443 1,883,047 Gen & Admin Expenses 8% of Sales 2,254,566 2,367,294 2,485,659 2,609,942 2,740,439 28,482,953 Utilities Expenses 3% of Sales 845,462 887,735 932,122 978,728 1,027,665 10,681,108 Laundry Expenses 3% of Sales 845,462 887,735 932,122 978,728 1,027,665 10,681,108 Advertising & Promotion 10% of Sales 2,818,207 2,959,118 3,107,074 3,262,427 3,425,549 35,603,692 Repair & Maintenance Cost 5% 1,409,104 1,479,559 1,553,537 1,631,214 1,712,774 17,801,846 TOTAL CORPORATE & OVERHEAD EXPENSES 9,787,660 10,277,043 10,790,895 11,330,440 11,896,962 123,964,227 Investment Expenses - Interest 4% 0 0 0 0 0 8,620,000

- TOTAL EXPENDITURE 18,245,771 19,158,060 20,115,963 21,121,761 22,177,849 239,439,376

- CORPORATE PROFIT BEFORE DEPRE & TAX 9,936,304 10,433,119 10,954,775 11,502,514 12,077,639 116,597,541 Depreciation 5% 1,292,500 1,292,500 1,292,500 1,292,500 1,292,500 18,095,000 CORPORATE PROFIT BEFORE TAX 8,643,804 9,140,619 9,662,275 10,210,014 10,785,139 98,502,541 Corporate Tax 30% 2,593,141 2,742,186 2,898,682 3,063,004 3,235,542 29,550,762

- NET PROFIT 6,050,663 6,398,433 6,763,592 7,147,010 7,549,598 68,951,779

Add back depreciation 1,292,500 1,292,500 1,292,500 1,292,500 1,292,500 18,095,000 NET CASH CURRENT 7,343,163 7,690,933 8,056,092 8,439,510 8,842,098 87,046,779

ROI 21 22 22 22 22


211

12.6 Pro-forma Cash Flow

-10,000,000

0

10,000,000

20,000,000

30,000,000

40,000,000

50,000,000

60,000,000

US$

Year

Pro-forma Cash Flow

Net Cash Flow 2,558,3 -1,282, 185,447532,832891,986 1,263,4 1,147,9 1,060,0 1,500,5 4,955,9 7,343,1 7,690,9 8,056,0 8,439,5 8,842,0

Cash Balance 2,558,3 1,275,6 1,461,1 1,993,9 2,885,9 4,149,4 5,297,4 6,357,5 7,858,0 12,813, 20,157, 27,848, 35,904, 44,343, 53,185,

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15


212

Pang Nares ProjectPro-forma Cash Flow

Year 1 2 3 4 5 6 7 8Starting Balance 2,558,354 1,275,671 1,461,118 1,993,950 2,885,936 4,149,434 5,297,419Cash Flow In

Invested CapitalLoan 36,000,000Net Profit 419,354 924,817 2,892,947 3,240,332 3,599,486 3,970,998 4,355,485 4,767,597PlusDepreciation 1,292,500 1,292,500 1,292,500 1,292,500 1,292,500 1,292,500 1,292,500

Total Cash Flow In 36,419,354 2,217,317 4,185,447 4,532,832 4,891,986 5,263,498 5,647,985 6,060,097Cash Flow Out

Inventory 211,000Long Terms Asset 29,850,000Loan Repayment 0 3,500,000 4,000,000 4,000,000 4,000,000 4,000,000 4,500,000 5,000,000Refinance 2,000,000Consultant Fee 1,800,000

Total Cash Flow Out 33,861,000 3,500,000 4,000,000 4,000,000 4,000,000 4,000,000 4,500,000 5,000,000Net Cash Flow 2,558,354 -1,282,683 185,447 532,832 891,986 1,263,498 1,147,985 1,060,097Cash Balance 2,558,354 1,275,671 1,461,118 1,993,950 2,885,936 4,149,434 5,297,419 6,357,516

Pang Nares ProjectPro-forma Cash Flow

Year 9 10 11 12 13 14 15Starting Balance 6,357,516 7,858,031 12,813,983 20,157,146 27,848,079 35,904,172 44,343,681Cash Flow In

Invested CapitalLoanNet Profit 5,208,014 5,663,453 6,050,663 6,398,433 6,763,592 7,147,010 7,549,598PlusDepreciation 1,292,500 1,292,500 1,292,500 1,292,500 1,292,500 1,292,500 1,292,500

Total Cash Flow In 6,500,514 6,955,953 7,343,163 7,690,933 8,056,092 8,439,510 8,842,098Cash Flow Out

InventoryLong Terms AssetLoan Repayment 5,000,000 2,000,000 0 0 0 0 0RefinanceConsultant Fee

Total Cash Flow Out 5,000,000 2,000,000 0 0 0 0 0Net Cash Flow 1,500,514 4,955,953 7,343,163 7,690,933 8,056,092 8,439,510 8,842,098Cash Balance 7,858,031 12,813,983 20,157,146 27,848,079 35,904,172 44,343,681 53,185,779


213

12.7 Pro-forma Balance Sheet The highlights of the balance sheets are a cash position of $ 53,185,779 and a net worth of $69,626,799 at the end of 15th year with debt free.

Pang Nares ProjectPro-forma Balance Sheet

Year Start B/L 1 2 3 4 5 6 7 8ASSETS

Short Term AssetsCash and Bank Deposit 5,939,000 2,558,354 1,275,671 1,461,118 1,993,950 2,885,936 4,149,434 5,297,419 6,357,516Inventory 211,000 211,000 211,000 211,000 211,000 211,000 211,000 211,000 211,000

Total Short Term Assets 6,150,000 2,769,354 1,486,671 1,672,118 2,204,950 3,096,936 4,360,434 5,508,419 6,568,516Long Term AssetsLand & Infrastructor 4,475,000 4,475,000 4,475,000 4,475,000 4,475,000 4,475,000 4,475,000 4,475,000 4,475,000Building & Infrastructure 26,671,216 26,671,216 26,671,216 26,671,216 26,671,216 26,671,216 26,671,216 26,671,216 26,671,216Tools, Equipmens and Furniture 3,178,784 3,178,784 3,178,784 3,178,784 3,178,784 3,178,784 3,178,784 3,178,784 3,178,784

Sub-Total Long Term Assets 34,325,000 34,325,000 34,325,000 34,325,000 34,325,000 34,325,000 34,325,000 34,325,000 34,325,000Accummulated Depreciation 1,292,500 2,585,000 3,877,500 5,170,000 6,462,500 7,755,000 9,047,500

Total Long term Assets 34,325,000 34,325,000 33,032,500 31,740,000 30,447,500 29,155,000 27,862,500 26,570,000 25,277,500Total Assets 40,475,000 37,094,354 34,519,171 33,412,118 32,652,450 32,251,936 32,222,934 32,078,419 31,846,016DEBT & EQUITY

Short Term Liabilities

Accounts Payable-Refinance for Assets 2,000,000Sub-Total Short Term Liabilities 2,000,000Long Term LiabilitiesSub-Total Long Term Debt 36,000,000 36,000,000 32,500,000 28,500,000 24,500,000 20,500,000 16,500,000 12,000,000 7,000,000Total Debt 38,000,000 36,000,000 32,500,000 28,500,000 24,500,000 20,500,000 16,500,000 12,000,000 7,000,000EquityInvested Capital 4,475,000 4,475,000 4,475,000 4,475,000 4,475,000 4,475,000 4,475,000 4,475,000 4,475,000SubTotal Equity 2,475,000 1,094,354 2,019,171 4,912,118 8,152,450 11,751,936 15,722,934 20,078,419 24,846,016Total Debt & Equity 40,475,000 37,094,354 34,519,171 33,412,118 32,652,450 32,251,936 32,222,934 32,078,419 31,846,016Net Worth 2,475,000 1,094,354 2,019,171 4,912,118 8,152,450 11,751,936 15,722,934 20,078,419 24,846,016


214

Pang Nares ProjectPro-forma Balance Sheet

Year 9 10 11 12 13 14 15ASSETS

Short Term AssetsCash and Bank Deposit 7,858,031 12,813,983 20,157,146 27,848,079 35,904,172 44,343,681 53,185,779Inventory 211,000 211,000 211,000 211,000 211,000 211,000 211,000

Total Short Term Assets 8,069,031 13,024,983 20,368,146 28,059,079 36,115,172 44,554,681 53,396,779Long Term AssetsLand & Infrastructor 4,475,000 4,475,000 4,475,000 4,475,000 4,475,000 4,475,000 4,475,000Building & Infrastructure 26,671,216 26,671,216 26,671,216 26,671,216 26,671,216 26,671,216 26,671,216Tools, Equipmens and Furniture 3,178,784 3,178,784 3,178,784 3,178,784 3,178,784 3,178,784 3,178,784

Sub-Total Long Term Assets 34,325,000 34,325,000 34,325,000 34,325,000 34,325,000 34,325,000 34,325,000Accummulated Depreciation 10,340,000 11,632,500 12,925,000 14,217,500 15,510,000 16,802,500 18,095,000

Total Long term Assets 23,985,000 22,692,500 21,400,000 20,107,500 18,815,000 17,522,500 16,230,000Total Assets 32,054,031 35,717,483 41,768,146 48,166,579 54,930,172 62,077,181 69,626,779DEBT & EQUITY

Short Term Liabilities

Accounts Payable-Refinance for AssetsSub-Total Short Term LiabilitiesLong Term LiabilitiesSub-Total Long Term Debt 2,000,000 0 0 0 0 0 0Total Debt 2,000,000 0 0 0 0 0 0EquityInvested Capital 4,475,000 4,475,000 4,475,000 4,475,000 4,475,000 4,475,000 4,475,000SubTotal Equity 30,054,031 35,717,483 41,768,146 48,166,579 54,930,172 62,077,181 69,626,779Total Debt & Equity 32,054,031 35,717,483 41,768,146 48,166,579 54,930,172 62,077,181 69,626,779Net Worth 30,054,031 35,717,483 41,768,146 48,166,579 54,930,172 62,077,181 69,626,779


215

12.8 Business Ratios Analysis

The sale cost (directed cost) is approximately 30.01% of the Sale Value while the Operating Expenses (indirect cost) are 34.40% is sound good. Gross margins of 69% up are excellent, Operating Profit Margin 65% up and Net Profit Margin 20% up are pretty good.

Pang Nares ProjectRatios Analysis

Year 1 2 3 4 5 6 7 8Prifitibility Ratios

Gross Margin 69.99 69.99 69.99 69.99 69.99 69.99 69.99 69.99Operating Profit Margin 65.56 62.63 65.27 65.27 65.27 65.27 65.27 65.27Net Profit Margin 7.31 7.44 15.17 16.18 17.12 17.98 18.79 19.58Return On Assets ( ROA) 1.13 2.68 8.66 9.92 11.16 12.32 13.58 14.97Return On Equity (ROE) 38.32 45.80 58.89 39.75 30.63 25.26 21.69 19.19Return On Investment (ROI) 7.31 7.44 15.17 16.18 17.12 17.98 18.79 19.58

Expenses RatiosDirect Cost to Total Revenue Ratio 30.01 30.01 30.01 30.01 30.01 30.01 30.01 30.01Indirect Cost to Total Revenue Ratio 34.44 37.37 34.73 34.73 34.73 34.73 34.73 34.73Fixed Cost to Total Revenue Ratio 25.10 11.59 6.82 5.69 4.66 3.71 2.85 1.97

Debt RatiosDebt to Equity Ratio 32.90 16.10 5.80 3.01 1.74 1.05 0.60 0.28Debt Ratio 0.97 0.94 0.85 0.75 0.64 0.51 0.37 0.22

Liquidity RatiosInterest Coverage Ratio 5.41 9.58 11.47 14.01 17.58 22.93 33.10

Investment RatosInternal Rate of Return (IRR) -0.13 -0.06 0.00 0.04Net Present Value (NPV) - 5% Discounted Rate 2,856,118 7,383,821 11,966,907 16,592,017 21,246,959 25,920,629 30,616,990Pay Back Period

Pang NARES ProjectRatios Analysis

Year 9 10 11 12 13 14 15Prifitibility Ratios

Gross Margin 69.99 69.99 69.99 69.99 69.99 69.99 69.99Operating Profit Margin 65.27 65.27 65.27 65.27 65.27 65.27 65.27Net Profit Margin 20.37 21.10 21.47 21.62 21.77 21.91 22.04Return On Assets ( ROA) 16.25 15.86 14.49 13.28 12.31 11.51 10.84Return On Equity (ROE) 17.33 15.86 14.49 13.28 12.31 11.51 10.84Return On Investment (ROI) 20.37 21.10 21.47 21.62 21.77 21.91 22.04

Expenses Ratios Direct Cost to Total Revenue Ratio 30.01 30.01 30.01 30.01 30.01 30.01 30.01Indirect Cost to Total Revenue Ratio 34.73 34.73 34.73 34.73 34.73 34.73 34.73Fixed Cost to Total Revenue Ratio 1.10 0.30 0.00 0.00 0.00 0.00 0.00

Debt Ratios Debt to Equity Ratio 0.07 0.00 0.00 0.00 0.00 0.00 0.00Debt Ratio 0.06 0.00 0.00 0.00 0.00 0.00 0.00

Liquidity Ratios Interest Coverage Ratio 59.59 218.98

Investment Ratos Internal Rate of Return (IRR) 0.07 0.07 0.11 0.12 0.13 0.14 0.15Net Present Value (NPV) - 5% Discounted Rate 35,338,791 40,074,720 44,739,571 49,284,679 53,715,224 58,036,191 62,252,381Pay Back Period At 8 years and 1 months.


216

12.9 Financial Benchmark

Financial Benchmark

0

10,000,000

20,000,000

30,000,000

40,000,000

50,000,000

60,000,000

70,000,000

80,000,000

Year

US$

Capital 40,475,040,475,040,475,040,475,040,475,040,475,040,475,040,475,040,475,040,475,040,475,040,475,040,475,040,475,040,475,0

Sales Value 5,736,7612,429,619,074,720,028,421,029,822,081,323,185,424,344,725,561,926,840,028,182,029,591,131,070,732,624,234,255,4

Expenditures 5,317,4011,504,816,181,716,788,117,430,418,110,318,829,919,577,120,353,921,176,622,131,423,192,724,307,125,477,226,705,8

Net Incomes 419,354 924,817 2,892,943,240,333,599,483,970,994,355,484,767,595,208,015,663,456,050,666,398,436,763,597,147,017,549,59

Outstanding Loan 36,000,032,500,028,500,024,500,020,500,016,500,012,000,07,000,002,000,00 0 0 0 0 0 0

Cash Balance 2,558,351,275,671,461,111,993,952,885,934,149,435,297,416,357,517,858,0312,813,920,157,127,848,035,904,144,343,653,185,7

Equity 1,094,352,019,174,912,118,152,4511,751,915,722,920,078,424,846,030,054,035,717,441,768,148,166,554,930,162,077,169,626,7

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Financial Benchmark


217

13. APPENDIXES - Pang NARES Caves & Cliff - Legal Documents - Preliminary Concept Design - Competitors