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

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.

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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 3

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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 4

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

12. FINANCIAL ANALYSIS........................................................................ 200 12.1 General Assumptions ............................................................................................ 200 12.2 Pro-forma Sale Value.................................................................ผิดพลาด! ไมไดกําหนดที่คั่นหนา 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

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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 Infrastructure & Landscaping Tools & Equipments and Furniture Refinance Working Capital Total

22,671,216 4,000,000 3,178,784 2,000,000 4,150,000 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

6

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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.

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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 Sales Cost & Expenses Operating Profits Operating Profit Margin

: : : :

Internal Rate of Return (IRR) : Net Present Value (NVP) : (15 Yrs -4% Discount) Pay Back Period :

356,036,917 123,964,227 232,072,691

65% 14.54% 62,252,381

Within 8 years 1 month.

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

Board of Consultant 1. 2. 3. 4. 5.

General Visnu Thani M.R.(Princess) Songsri Hirunrak Dr.Louise Champates Dr.Hirun Hirunpradith Pharmacist Sirisakdi Thani

Board of Management 1. 2. 3. 4. 5.

Pharmacist Wasina Thani Mr. Siwat Thani Miss Siwattra Thani Miss Soontari Supapunt Mr.Sompol Poramapoj

Managing Director General Manager Sales Manager Field Manager 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]

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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.

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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.

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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.

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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 1011 1012 1015 1016 1017 1018 1019 1020 1021 1022 1023 1024 1026 1030 1034 1035 1013 1033 1034 1035 1036 1038 1039 1040 1042 1043 1046 1047 1048 1049 1050 1051 1052 1053 1054

Novac Engineering Srl Ruby Mear Group of Companies General Exports Ltd. HORNOS Y METALES S.A. MIRROR MIRROR FARFALLA BONETTI, S.L. ECOBURÓ CONSULTING TEAM, Tecnología Europea Aplicada al Movimiento,S.L. Neck Child SA Arte Joya Vetusta SL Catherine Renault Design Top Gear Bridport Ltd Cley Spy Limited East West Enterprises Vision Engineers LuxRiviera SA Geslact S.L iku-windows intelligente Fenstersysteme AG Vision Engineers LuxRiviera SA ARNEG GROUP Wire Belt Company Ltd Grandeg Wood Pellet Boiler Factory Ltd Marine Pumps and Compressor Components Ticians Ltd PMM - Projecto, Moldes, Manufactura Lda Touche' Creative Business Solutions srl Massimo Cugusi Public Relations Business Firm Ltd PHIL MOINE DESIGN ORIENTAL HOUSE OÜ & REVAL ESTATE OÜ SAS - Soluções e Analise de Sistemas Lda ERAKLIINIK DENTES AS Pastorkalt a.s. HAUSSMANN INNOVATION

15

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

1056 1057 1058 1059 1062 1064 1065 1066 1067 1069 1070 1072 1073 1075 1076 1077 1078 1079 1080 1083 1084 1085 1086 1087 1088 1091 1092 1093 1095 1096 1097 1098 1099 1100 1101 1102 1105 1106 1109 1110 1111 1113 1114 1115 1116 1117 1118 1121

VÉSNÖK Ltd. BHMD ENZet PPHU Zbigniew Niewiadomski ROZTOCZE Zaklad Uslugowo-Produkcyjny, Rak Roman SARL Aujourd'hui ou Mardi KORIFIDIS BROS & CO DRL Import – export Liberator Holding bv PAUL WURTH INTERNATIONAL TAIWAN Italian Chamber of Commerce for South East Asia-ICCSEA ARPEX Ltd. KOKON D.O.O. Institute for quality in services and communication AVANT PREMIERE PRODUCT DESIGN Iskra Avtoelektrika d.d. Ing. Sumetzberger GmbH. Reisebuero Mondial GesmbH TOUS LES TROIS LIV Plastika d.o.o. ARIADNI S.A. Moja kariera d.o.o. EUROMIP GANCI K. LAVRENTIADIS S.A. FRANCEM Fimartel - Industrial Electrica de Coimbra Lda SORADINE SA Fronius International GmbH STP Trading Rfr Technology Srl Celsus Ltd. Rhino srl Promotrade Srl Netgroup SPRL MONDIALISOL S.A. ELGI Consulting Ministry of Economic Affairs of the State of Brandenburg IT-Technology Gesellschaft f. industrielle Elektronik und Informationstechnologie mbH EGO SPORT HUNGÁRIA Ltd. MB-technology Asia Ltd. LANTEK AUTOMATIZACIÓN S.L. KENDU S. COOP APROP-A2,SL INZVOK PROYECTOS Y MEDICIONES ACUSTICAS, S.L. APECAL – Union of employers for business development GORATU MAQUINAS HERRAMIENTA, S.A Generos de Punto Montoto The Advance Group

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

1122 1125 1127 1128 1129 1130 1131 1132 1135 1136 1137 1140 1141 1142 1144 1145 1146 1147 1149 1150 1151 1152 1153 1158 1159 1160 1161 1162 1163 1164 1165 1166 1167 1168 1169 1173

PREFILTER, S.A. Csaba Metál joint stock company PROMODIAN AGENCIA DE SERVICIOS PLENOS SL LegitiName KEBACK AB RUKO Precision Tools Germany GmbH POLYACRYL S.A. Kill & Associates CONTIMER OÜ Arcelor International Singapore Arcelor International Thailand GREMCO Mid Yorkshire Chamber of Commerce and Industry Firma David Ulfstrand imporgaia - importaçao e exportaçao, lda CREDIT AND EXPORT GUARANTEE FUND KREDEX TCG Unitech lth-ol d.o.o. Patter er GmbH Mc Nally Design International Eagle Global Logistics Griffith College Oskar Herzel DEXTRA HOLDING CP3 Group Ireland Ashville Media Group AsiaCenter Ltd. Murcia International Traders AsiaCenter Ltd. SCHILTZ ARCHITECTES INGENIEURS S.A. MISS BIJOUX MST group c/o MST Sys-Tech Ltd.& Co.KG Primofol Solmark Ltd Anita Dr. Helbig GmbH RECKINGER PEINTURE DECORS S.A.R.L. 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. 7. 8. 9. 10.

General Visnu Thani M.R.(Princess) Songsri Hirunrak Dr.Louise Champates Dr.Hirun Hirunpradith Pharmacist Sirisakdi Thani

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

2.5

The Royal Spa Board of Management 1. 2. 3. 4. 5.

Pharmacist Wasina Thani Mr. Siwat Thani Miss Siwattra Thani Miss Soontari Supapunt Mr.Sompol Poramapoj

Managing Director General Manager Sales Manager Field Manager Factory Manager

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

3. INVESTMENT PLAN 3.1 Capital Utilization Capital Utilization Description Owner Invested Land & Properties 4,475,000 Purchase Property & Construction Infrastructure & Landscaping Tools & Equipments and Furniture Refinance the Assets Working Capital Total 4,475,000

Loan 22,671,216 4,000,000 3,178,784 2,000,000 4,150,000 36,000,000

Total 4,475,000 22,671,216 4,000,000 3,178,784 2,000,000 4,150,000 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

12.800 M

12,800,000

4,150 M

4,150,000

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

5. Working Capitol

TOTAL

36,000,000

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

Loan Utilization

Working Capital 12% Refinance 6%

Purchase Property & Construction 62%

Tools & Equipments and Furniture 9%

Infrastructure & Landscaping 11%

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

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

Description Drawing

Month 1

2

3

4

5

6

SUB TOTAL

1. Administration 2.5

0.2

-

0.2

-

0.2

3.1

2.0

-

-

-

-

-

2.0

0.3

0.1

0.1

0.1

0.1

0.1

0.8

0.5

0.5

0.5

0.5

1.0

-

3.0

15.0

-

1.5

-

1.5

-

18

-

-

-

-

1.0

0.5

1.5

TOTAL

20.3

0.8

2.1

0.8

3.6

0.8

28.4

Description

Month 7 Year200 7

8

9

10

11

12

-

0.2

-

0.2

0.3

0.4

4.2

-

-

-

-

-

-

2.0

-

0.1

-

0.1

-

-

1.0

-

-

-

-

-

-

3.0

1.5

-

1.5

-

1.6

-

22.6

0.5

0.4

0.4

0.4

-

-

3.2

2.0

0.7

1.9

0.7

1.9

0.4

2. Refinance the Assets

3. Landscape Gardening 4. Infrastructure Renovation

5. Bldg. Renovation & Construction

6. FF & E

Drawing

GRAND TOTAL

1. Administration

2. Refinance the Assets

3. Landscape Gardening 4. Infrastructure Renovation

5. Bldg. Renovation & Construction

6. FF & E

TOTAL

36

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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 Amount: Interest Rate: Loan Term: End of Year 1 2 3 4 5 6 7 8 9 10

Loan Repayment Schedule 36,000,000 4% 10 Years Interest Principal 1,440,000 Grace 1,440,000 3,500,000 1,300,000 4,000,000 1,140,000 4,000,000 980,000 4,000,000 820,000 4,000,000 660,000 4,500,000 480,000 5,000,000 280,000 5,000,000 80,000 2,000,000 8,620,000 36,000,000

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

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4. PROJECT DESCRIPTION 4.1 Head Office - Bangkok It is located on RAMA 9th Road, 8 Square WAH). The back of three buildings. The first one meters from the main office, Apartment building.

next to PIYAWEJ Hospital. The land is 0.832 acres (2 RAI and the place is SAMSANE canal (KLONG SAMSANE). There are in front is the office building. At the back, approximately 8 are the 3 units of 3 storey town houses and the 4 storey

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.

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

Taken from RAMA 9th Road

Taken on RAMA 9th Expressway

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The picture was taken from inside out.

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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.

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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.)

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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.

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Welcome to My World

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

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Pang NARES @ Thailand

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แผนภาพติดตามรอยพระยุคลบาท สมเด็จพระนเรศวรมหาราช

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SUPHANBURI

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Pang NARES KHAO Ta SAENG

ปางนเรศวร

เขาตาแสง

Pang NARES July 2005

KHAO KRAWEN

เขากระเวน

KHAO LHAEM

เขาแหลม

หุบเขาแหงกษัตริย Valley 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.

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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

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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 - HUAI PA POK School - BAN RAI Hospital (120 Beds): - BAN RAI Primary School - BAN RAI Government Offices Center: - UTHAI THANI Provincial Office

1 4 7 7 8 85

Kilometer Kilometers Kilometers Kilometers Kilometers 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 %

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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

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Rollup for EU-Thailand Partenariat 2005

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4.2.7 Pang NARES Attribution

Pang NARES Cliff is suitable for climbing.

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

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Different shapes of stalactites & stalagmites

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Guards of the Valley of the King

Buddha’s foot print

ศิวะลึงค

AND MUCH, MUCH, MORE!!!!!

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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.

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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.

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3.

WAT THUM KHAOWONG

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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.

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Facilities within 10 Kilometers 4.3.1 4.3.2 4.3.3 4.3.4

Wat Thum Khaowong Wat Huai Pa Pok Ban Rai Hospital (120 Bed), Ban Rai Government District Offices Etc.

(2 (2 (7 (8

Kilometers) Kilometers) Kilometers) Kilometers)

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.

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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. 2. 3. 4. 5. 6. 7.

Roads Lake and Irrigation Electrical Works Water Works Swimming Pools Lake/Reservoir Botanical Garden

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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

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In front of TONGKWAO Guesthouse

At the back

Lower Floor

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Upper Floor

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2.

JAKKARASUDA House

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3.

The Cottage in Rose Garden

4.

The Twin-houses

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4.7.2 The Meeting Room

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

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

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4.7.3 Kitchen, Tea House and Dinning Halls

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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.

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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

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“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. 2. 3. 4. 5.

5.2

Pang NARES H&SP Pang NARES H&SP Pang NARES H&SP Pang NARESH&SP optimal health. Pang NARES H&SP

is “The World Class Health Cares Portal”. provides the “Wisdom of Thai Traditional Medicinal Cares”. provides amazing leisure and recreation activities. provides educational systems for maintaining and promoting provides you an opportunity to make value of life.

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.

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5.3

Spa Concept Designed

Spas in Thailand have acquired an only to be found in Thai Spas. contributing to the success of the Royal Spa Co., Ltd., “Pang NARES”, Concept and a franchise business.

identity worldwide in offering a total wellness experience One vital component, which is the most important in existing spas in Thailand, is the Thai Hospitalities. The aims to introduce to the world the Contemporary Thai Spa

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.

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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 Chair Massage Deep Tissue Massage

• • • •

Neuromuscular Therapy Reflexology Stone Spirits® Massage Trager™ Movement Therapy

Thai Massage Craniosacral Integrated Medical Assessment Psychotherapy Session Shiatsu Swedish Massage Watsu®

Depression • • • • • • • • •

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

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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

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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.

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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

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4. 5. 6. 7. 5.6

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

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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!!!

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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. 2. 3. 4. 5. 6. 7.

Welcome drink on arrival.* Welcome banner (on requested) Breakfast* Lunch* Dinner* Supper* Free snacks and soft drinks are served on late morning & afternoon.

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

Additional charges are

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5.6.5 Meals Rate Adult USD American BF Lunch Dinner Supper

6.00 10.00 15.00 5.00

Child USD 3.00 5.00 7.50 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.

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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.

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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 Export in 2005 approx. Consumption in the Kingdom Figure in Million USD

฿ 1,560 M ฿ 47,520 M

(USD 1,315.79 Million) (USD 41.05 Million) (USD 1,250.53 Million)

1 USD = 38 Bahts Nov. 19, 2006

Description s

BKK & Outskirt

Central Part

Northern Part

Northeastern

Southern Part

Total

Herbal Food Supplements

88.42

40.79

51.58

52.63

21.58

255.00

71.05

51.32

36.05

52.37

21.05

231.84

84.21

75.00

57.89

55.00

22.37

294.47

Herbal Medicinal Drugs Herbal Cosmetics

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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

367.36

280.27

221.31

268.69

112.89

1,250.52

Total

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 Anti-oxidants Bronchitis Cholesterol and Triglycerides Chronic pains Colitis Cough and colds Digestion and intestinal health Fibro-myalgia Green tea Hypertension Insomnia Joint health Liquorices Menopause Multiple Sclerosis Pre-Menstrual Syndrome (PMS) Restful sleep and mood balance Sinusitis Tone and energy Weight control

Allergies Asthma Cardiovascular Chronic fatigue Cleanse and detoxification Constipation Diabetes Fibroids and Endometriosis Gastritis Herbal teas and infusions Infertility Irritable Bowel Syndrome Legs circulation Memory Migraine & Head-aces Organic rice Psychological disorders Sight and microcirculation Skin cleansing and purification Ulcers

5.7.1 Spa products

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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 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.

5.8

will be

Rice Cookies – KHAOPONG KHUNYAAI Contains of ----------------

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

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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.

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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.

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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

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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.

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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

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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.

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The infinity pool

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The Jacuzzi outside

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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.

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Meditation & Relaxing Service

Treatment by conditions

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Balancing treatment1-2-3

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Bodywork & Massages

Treatment room

Special treatments

Spa Interior Design

Spa Hallways

Manicure area

Pedicure area

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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.

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Superior Garden Thai House

1 canopied bed 4 chair 7 tea / coffee maker 10 luggage rack 13 hair dryer 16 wash basin 19 sofa / day bed

2 bedside table 5 television 8 table 11 wardrobe 14 bathroom 17 bathtub

3 writing desk 6 refrigerator / mini bar 9 sofa 12 electronic safe 15 toilet 18 terrace

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.

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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

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PANG NARES MAIN HALL

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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.

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Welcome center

Consultations corner1

Consultation2

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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.

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Workshop in the library

Book shelves

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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.

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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

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Chef at work

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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.

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7.

FACILITIES PROGRAM DESIGN

7.1

Clubhouse - Meeting Space Capacities WxL (meter)

Height (meter)

Square Meter

Theatre Style

Banquet

Classroom

Yoga

14 x 20

280

292

204

201

120

12 x 14

7.75 4–5 -7.5

168

125

70

70

50

8 x 14

7.75

112

96

60

63

40

10 x 15

7.75

150

150

80

70

69

The Main Hall PN Theatre NARESUAN Library Fallen KASALONG

CLUBHOUSE - Facilities Plan Area size Description WxLxHM

Total Area SQ. M.

Cost USD/SQ. M.

14 x 20

280

395

110,600

12 x 14 x 8.50

168

395

66,360

8 x 14

112

395

44,240

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 8. Kitchen pantry

4x4

16

265

4,240

3x4

12

265

3,180

9. 2 Storages 10. Women Restrooms 11. Men Restrooms 16. Bank Services 17. Swimming Pool Area Total FF & E

2.5 X 6

15

265

3,975

~5 x ~5

25

265

6,625

~3 x ~6

18

265

4,770

7x7

49

265

12,985

615 949

400 265 – 395

1. Main Hall 2. Theatre 3. The Library 4. The Fallen KASALONG /Oak

GRAND TOTAL

Total USD

246,000 589,785 210,215 800,000

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7.2

Life Enhancement Center Description/ Functioning

Area size WxLxHM

Total Capacity SQ. M

Cost USD/SQ. M

Outdoor infinity pool & Whirlpool

15 x 25

375

300

112,500

Indoor Swimming Pool

10 x 15 7 x 32 4 x 15

150 224 60

400 210 210

60,000 47,040 12,600

5x7

35

210

7,350

2(7.5 x 10)

150

210

31,500

4(4 x 5)

80

210

16,800

Pool Deck Pool Bar Common Shower Rooms & Toilet

4 Changing rooms

Total USD

30,000

Jacuzzi / Spa with Whirlpool approx.

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

Fitness & Yoga- Upper Floor)

15 x 20

300

265

79,500

Pang NARES Spa

15 x 20

300

350

207,695

4(3 x x3)

36

265

9,540

6x8

48

@395

30,000

9x 30

270

200

54,000

Movement Room(Aerobic,

(Lower Fl)

4 Wayside Massage pavilions IT Hut + FF & E The Sanctuary Landscape décor Pilgrim pathway Total FF&E- General FF&E- Spa Spa Interior Dec FF & E

Total GRAND TOTAL

1,524

723,725 119,370 63,975 92,930 276,275 1,000,000

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7.3

Home Health Care College (Hhcc) Item

1 2 3 4 5 6 7

Description

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

Area size meters 2 4 2 2

(7 (7 (7 (7

x x x x

9) 9) 9) 9)

Area (SQ. M.)

Cost USD/SQ. M.

Total USD

126 252 126 126

20 x 30

600

60 (4 x 8)

1,920

8x8

64 3,214

@ $ 265

GRAND TOTAL

851,710 148,290 1,000,000

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

1 2 3 4 5 6 7

1 2 3 4

1 2 3 4 5 6

Description

Area (SQ.M.)

INDOOR Bedroom (31.45 x 20) Bathroom (10 x 20) Spa Maid and Housekeeping Unit Bathroom (Swimming Pool) Boiler Room (5 Rooms) Mechanical Room Total SEMI-INDOOR SALA Thai (The Pavilion Above the Spa) Entrance SALA Veranda Porch (To room entrance) Total OUTDOOR Swimming Pool Wooden Pool Deck Corridor Stair Pave way (On ground) Entrance Court Yard Total SUB- TOTAL FF & E GRAND TOTAL

Cost USD/SQ. M

Total USD

629.00 200.00 42.00 16.00 6.50 25.00 9.00 927.50 23.50 10.00 250.00 105.20 388.70 75.00 378.00 68.50 54.50 41.75 46.65 664.40 1,980.60

@ $ 400

792,240 207,760 1,000,000

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

Description

1 2 3 4 5 6 7

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

1 2 3 4

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

1 2 3 4 5 6

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

Area (SQ. M.)

Total

880.60 280.00 42.00 20.00 6.50 30.00 9.00 1,268.10

Total

23.50 10.00 350.00 117.00 500.50

Total

75.00 477.00 20.00 77.50 38.00 117.25 804.75

SUB-TOTAL

2,573.35

Cost USD/SQ. M

@ $ 400

FF & E GRAND TOTAL

7.4.3

Total USD

1,029,340 370,660 1,400,000

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

1 2 3 4 5 6 7

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

Area (SQ.M.)

Cost USD/SQ. M

Total USD

440.30 140.00 42.00 12.00 8.00 15.00 9.00 666.30

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1 2 3 4

1 2 3 4 5 6

SEMI-INDOOR SALA Thai (The Pavilion Above the Spa) Entrance SALA (Gate) Veranda Porch (To room entrance) Total OUTDOOR Swimming Pool Pool Deck (Wooden) Corridor Stairs Pave way (On ground) Entrance Court Yard Total SUB - TOTAL FF & E

23.50 10.00 175.00 69.00 277.50 75.00 295.00 30.00 30.15 7.70 66.80 505.65 1,449.45

@ $ 400

GRAND TOTAL

579,780 120,220 700,000

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

1 2 3 4 5 6 7

Bedroom Bathroom

(50.0 x 10) (15.0 x 10)

500.00 150.00

Total SEMI-OUTDOOR / OUTDOOR Veranda (18.0 x 10) Swimming Pool (32.0 x 10) Pool Deck (Wooden) Corridor Stair Pave way (On ground) Entrance Court Yard Total

180.00 320.00 378.00 68.50 54.50 41.75 46.65 1,089.40

SUB - TOTAL

1,739.40

FF & E GRAND TOTAL

650.00

@ $ 400

695,760 304,240 1,000,000

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7.4.5 SUPERIOR GARDEN THAI HOUSE - 20 units for 40 (+10) Area Cost Item Description (SQ.M.)

USD/SQ. M

Total USD

INDOOR 1 2

1 1 2 3 4

Bedroom Bathroom

(56.5 x 20) (15.0 x 20)

Total SEMI-OUTDOOR / OUTDOOR Veranda (18.0 x 20) Corridor Stair Pave way (On ground) Entrance Court Yard Total SUB - TOTAL FF & E

1,130.00 300.00 1,430.00 360.00 137.00 109.00 83.50 93.30 782.80 2,212.80

@ $ 400

GRAND TOTAL

885,120 114,880 1,000,000

7.4.6 POOL VILLA 3 units for 6 (+6) Item

1 2 3 4 5 6 7 8

1 2 3

1 2 3

Description

Area (SQ.M.)

INDOOR Bedroom Bathroom (Upper) Closet Foyer Living Room (2nd Bedroom) Bathroom (For 2nd Bedroom) Pantry Stairs Total SEMI-INDOOR SALA Thai Foyer Entrance Veranda Total OUTDOOR Swimming Pool Pool Deck (Wooden) Outdoor Shower Total

31.50 52.20 6.00 89.70

SUB – TOTAL for 1 Pool Villa

235.70

Cost USD/SQ. M

Total USD

30.40 17.50 3.25 5.50 24.50 6.00 2.50 10.20 99.85 4.00 15.15 27.00 46.15

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GRAND TOTAL for 3 Villa

707.10

@ $ 400

FF & E

167,160

TOTAL for 3 POOL VILLAS

7.5

282,840

707.10

450,000

Natural Products Manufacturer Description/ Functioning

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

FF & E

2,680,000 20,000

GRAND TOTAL

2,700,000

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7.6

Main Facilities

7.6.1 FRONT OFFICE Item

Description

1 2 3 4 5

INDOOR Front Office ADMIN Office Training & Meeting Stairs Corridor

1

SEMI- OUTDOOR Reception & Lobby

1

Area (SQ. M.)

Total

64.00 65.00 25.00 12.50 70.00 236.50

Total

126.45 126.45

Total SUB - TOTAL

74.25 74.25 437.20

OUTDOOR Pond

Cost USD/SQ. M

@ $ 265

FF & E

Total USD

115,858 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

1 2 3

SEMI- OUTDOOR Terrace (Lower) Stairs Corridor

1

Total

375.00 25.00 51.00 8.00 459.00

Total

38.35 10.80 180.60 229.75

Total SUB-TOTAL

50.00 50.00 738.75

OUTDOOR Terrace (Upper)

FF & E GRAND TOTAL

$ 270

199,463 50,537 250,000

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7.6.3 MEDICAL SPA Item

Description

1 2 3 4 5 6 7 8

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

1 2 3

SEMI- OUTDOOR Reception Corridor Stairs

1

OUTDOOR Open Court Yard

Area (SQ. M.)

Total

18.50 90.00 80.00 80.00 120.00 40.00 80.00 30.00 538.50

Total

45.00 125.00 22.00 192.00

Total

120.00 120.00

SUB-TOTAL

850.50

Cost USD/SQ. M

$ 300

FF & E

Total USD

255,000 115,000

GRAND TOTAL

370,000

7.6.4 The SANCTUARY Description/ Functioning The Sanctuary Landscape décor Pilgrim pathway

Area size Meter x meter 9x 30

Total Capacity SQ. M.

Cost USD/SQ. M.

270

200

FF & E

Total USD

54,000 16,000

TOTAL

70,000

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7.6.5 SWIMMING POOL AREA Item

Description

Area (SQ.M.)

Cost

Total

USD/SQ. M

USD

INDOOR 1 2 3

Swimming Pool Pool Deck Pool Bar and Toilet

215.00 380.00 20.00 Total

400 300 350

615.00

86,000 114,000 7,000 207,000 43,000

FF & E GRAND TOTAL

250,000

7.6.6 THE RESTAURANT Item

Description

Area (SQ. M.)

1 2 3 4 5 6 7 8 9 10

1 2

1

INDOOR 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 Total SEMI- OUTDOOR Fan Restaurant Corridor Total OUTDOOR Roof Garden Total SUB - TOTAL FF & E GRAND TOTAL

Cost USD/SQ. M

Total USD

45.70 50.00 80.00 53.80 57.75 44.00 65.00 55.60 70.00 45.70 567.55 262.50 358.80 621.30 44.60 44.60 1,233.45

@ $ 265

326,865 73,135 400,000

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7.6.7 BACK OF THE HOUSE Item

Description

Area (SQ. M.)

1 2 3 4 5 6 7 8 9 10

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

17.60 40.00 34.30 70.00 43.00 54.00 62.00 28.00 65.00 13.25 427.15

1

SEMI-OUTDOOR Corridor

1

OUTDOOR Loading Area

Cost USD/SQ.

Total USD

70.00

Total SUB - TOTAL

30.00 100.00 527.15

200

FF & E GRAND TOTAL

105,430 14,570 120,000

7.6.8 SPORT PARK Item 1 2 3

Description Tennis 3 courts 3(9 x 20) Basket Ball, Volley Balls, Racquetball, Squash TOTAL FF & E GRAND TOTAL

Area (SQ. M.)

Cost USD/SQ.

540 280 50

210 210 300

870

TOTAL USD 113,400 58,800 15,000 187,200 12,800 200,000

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7.6.9 ENGINEER Item 1 2 3 4

Area (SQ. M.)

Description Generator Room MDB Room Office Engineer Storage Room

40.00 30.50 35.00 15.00 TOTAL

120.50

FF & E

24,100 5,900

GRAND TOTAL

7.6.10

TOTAL USD

30,000

FENCING Item 1 2

Area Meter

Description Fencing for Village A, B, C, Pool and Main Facilities Fencing for Bathroom Garden TOTAL FF & E

TOTAL USD

780.00 620.00 1,400.00

140,000 10,000

GRAND TOTAL

150,000

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7.7

Renovation of The Infrastructure

Item

Description

Cost USD per Unit

Project Roads

The Lake & Irrigation

Electrical Works

1. Renovate the half finish existing Road, pavement 2. Re-built the existing Road 1. The Lake or reservoir depth ~ 4 m

13 Km

48,000

624,000

8 Km

58,000

464,000

32 acres

15,000

480,000

2. The dam & the bridge 1. Extend Volt. And lines 2. Generator 3. MDB 4. Engineering Equip. 5. Storage

Civil Engineers and foremen

The employment for 6 months

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

Total USD

150,000

-

-

250,000

65,000 4x4x 28.5 meter 4 4 16 16 128 -

300,000

Unexpected

667,000

Total

3,000,000

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7.8

Summarization of Renovation & Construction Description

CLUBHOUSE LIFE ENHABCEMENT CENTER (LEC) HOME HEALTH CARE COLLEGE & CAMPUS

Area SQ. M.

Capacity

949.00

Constructn Cost (USD)

Fur, Fixture & Equip.

-

589,785

210,215

800,000

1,524

-

669,725

330,275

1,000,000

3,214

120

851,710

148,290

1,000,000

2,111,220

688,780

2,800,000

Sub Total

Total Cost (USD)

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

707.10

6

282,840

167,160

450,000

4,265,080

1,284,920

5,550,000

2,680,000

20,000

2,700,000

Pool Villa Sub Total PN NATURAL PRODUCT FACTORY

1,280.00

-

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Description

Area SQ. M.

Capacity

Constructn Cost (USD)

Fur, Fixture & Equip.

115,858

44,142

160,000

Total Cost (USD)

MAIN FACILITIES Front Office

437.20

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

326,865

73,135

400,000

The Restaurant Back of the House Office

1,233.45

-

527.15

-

105,430

14,570

120,000

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

1,614,916

385,084

2,000,000

Sport Park

Sub-Total

INFRASTRUCTURE, LANDSCAPE & GARDENING CLUSTER VII -BANGKOK CENTER GRAND TOTAL

4,000,000

4,325

4,000,000

12,000,000

800,000

12,800,000

26,671,216

3,178,784

29,850,000

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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.

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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.

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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 loosefitting 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

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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

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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.

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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. 2. 3. 4. 5. 6. 7.

Therapeutic & Healing Thai Spa Traditional Thai Medical Care Beauty & Image Weight Management Program Diet & Nutritional Program Relaxation Techniques & Stress Management as well as Spirituality Meditation, Yoga, etc. 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 + +

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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.

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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

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What is Culture? 1. 2. 3.

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

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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.

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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)

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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 development

popularity

and

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.

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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.

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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

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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 2.9.2 2.9.3 2.9.4 2.9.5 2.9.6 2.9.7

Project Concept Project Goal Project Value Project Attribution Project Action & Connection Marketing Strategy & Implementation Human Resource

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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.

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10.1 10.1.1

Spa Market Spa Market Overview Spa Consumer Asia 2003 Potential Spa Holiday Destinations Others 14%

Thailand 22%

United States 4% New Zealand 4% India 5% Europe 6%

Indone 19%

Singapore 6% Australia 7%

Malaysia

Spa Consumer Asia 2003 Destination of Next Spa Holiday Others 12% Europe 3% Australia 3% Maldives 5%

Thailan 42%

Malaysia 5%

Indonesia 30%

Source: Intelligent Spas 2004

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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 1. 2. 3. 4.

Problems/Barriers and the Solutions 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. 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. The number of qualified Thai Entrepreneur for the International standard and export market is not sufficient for expansion and Franchising Thai Spa Biz. The qualified Thai Spa Therapist or personnel is insufficiency.

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10.1.4 1. 2. 3. 4. 5.

10.1.5

Phenomenon of Fast Growing Business Many new spas emerged in the market with “Me too” strategy. Consumers feel overwhelming with the persuasion to spa from the spa operators who don’t really understand what spa is. Many Spa operators select the price war strategy to survive in the industry where there is no distinctive difference in product characteristics. The quality of products and service will tend to decrease with the price war and lack of quality resources to support the industry High rate of failure in the industry

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. 2. 3.

An enhanced interest in local and indigenous spa experiences. Customization is increasingly becoming a point in consumers' decision-making process. 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. 2.

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

Differentiate ourselves from the others. 1. 2. 3.

Invention the innovative concept of “Cultural Spa” Focus on the quality management for the sustainable business 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.

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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.

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Hotel & Resorts in AMPER BANRAI

Location/Addr esses

1. Huay Khakhaeng Country Home

102 Moo 8, Amper Banrai, UthaiThani 08-1867-4967, 08-1330-3260, 08-9543-8115 149 Moo 3, Amper Banrai, UthaiThani (056) 539-404, (056) 579-262 161 Moo 3, Amper Banrai, UthaiThani (056) 596-164 Moo 3, Amper Banrai, UthaiThani

2. HUAY PA POK Resort

3. Avartar

4. Kusuma House

Rooms

Price (USD)

68

21.00 – 66.00

41

32.00 – 118.00

44

Package 526.00 2,105.00

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

Hotel & Resorts in Uthai Thani Province

Walk Rally, Seminar Room, Pool, Health Massage, Fire Camping, Bicycles, Coffee Shop, Restaurant Pool Meeting Room Fresh Water/ Seawater pool, Sport complex, Spa & Pub

Rooms for rent.

Location/ Addresses

Rooms

Price (USD)

1. Iyara Park Hotel

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

320

246 – 1,727

2 Huay Kha CHATETHASILP

A.Muang, UthaiThani

Khaeng

Facilities

21.00 up

Facilities

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

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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

United States United Kingdom

557,098

9.85

105.86

701.20 Million

628,679

12.75

102.18

813.97 Million

Scandinavia

457,365

13.34

100.00

585.82 Million

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

Japan

Spending /person (USD/day)

Total Revenue (USD)

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 1996 1997 1998 1999 2000 2001 2002 2003 2004

Average Day of Stay 8.23 8.33 8.40 7.96 7.77 7.93 7.98 8.19 8.00

Research & Statistics Division Tourism Authority of Thailand (TOT)

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1.1.10

Data of International Tourist Arrivals To Thailand

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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. Consumption in the Kingdom

USD 41,052,631 (41.05 USD Millions) USD 1,250,526,300 (1,250.53 USD Millions)

Description s

BKK & Outskirt

Central Part

Northern Part

Northeastern

Southern Part

Herbal Food Supplements

88.42 M

40.79 M

51.58 M

52.63 M

21.58 M

255.00 M

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

367.37 M

280.26 M

221.32 M

268.68 M

112.90 M

Herbal Medicinal Drugs

Total

Total USD

1,250.53 M

1 USD = THAI BAHT 38.00/ Nov 19, 2006

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10.3

Data For Spa Investment In Bangkok Office

10.3.1Investment Cost / Capacity planning / Manning & Salary THE ROYAL SPA (Bangkok Office) - INVESTMENT COST TOTAL COST USD 150,506.97 54,805.26 22,631.58

Interior Renovation Costs FF & E Professional Fees Pre-opening Budget Beginning Inventory Marketing & Promotion Working Capital TOTAL

35,526.32 18,421.05 52,631.58 334,522.76

THE ROYAL SPA - CAPACITY PLANNING Type of Room Thai Message -Common Room Thai Message -Couple Room Foot Reflexology Facial Treatment Room Private Treatment Room Total Spa Revenue per day Room Occupancy Rate Total Spa Revenue Per month Projected Salon Revenue Total Revenue Per month

No. of Rm.

No. of Treatment Bed

Total Treatment Bed

1

5

1

Total No. of Treatment hr/day 45

Price/ Treatment USD/hr

5

No. of Treatment hr/Bed/ day 9

40

1,800

2

2

9

18

40

720

1

6

6

9

54

45

2,430

2

1

2

9

18

50

900

3

2

6

9

54

60

3,240

8

16

21

45

189

30 %

Total Revenue s/day

9,090 2,727

81,810

10 % of Spa Revenue

8,181

89,991

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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) No. of therapists/masseurs required (Working 25 days/month at avg. 5 treatments hrs/day)

1701 14

1 USD = 38.00 BAHT @ Nov 27,2006

THE ROYAL SPA - MANNING AND SALARY New Payroll Rate USD Spa Manager Assistant Sales Manager Spa Receptionist Spa Technician Therapists Hair Technician Salon Staff Spa Attendant TOTAL USD 10.3.2

Occupancy Rate 30% ------------------------Headcount Amount USD

1,320 530 320 530 215 530 215 160

1 1 3 1 14 2 3 6 31

1,320 530 960 530 3,010 1,060 645 960 9,015

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 TOTAL REVENUE

81,810 8,181 3,933 93,924

87.10% 8.71% 4.19% 100.00%

981,720 98,172 47,196 1,127,088

1,030,806 103,081 49,556 1,183,443

1,082,346 108,235 52,034 1,242,615

COST OF SALES Spa Services Hair Salon Services Retail Staff Commission Other Incentives

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

18.00% 17.00% 50.00% 10.00% 5.00%

176,712 16,692 23,604 112,704 56,352

185,548 17,527 24,784 118,339 59,170

194,825 18,403 26,023 124,256 62,129

TOTAL COST OF SALES

32,172

34.25%

386,064

405,368

425,636

GROSS PROFIT

61,752

65.75%

741,024

778,075

816,979

9,015 902 9,917

9.60% 0.96% 10.56%

108,180 10,824 119,004

113,589 11,365 124,954

119,268 11,933 131,201

Salary & Wages Payroll Related TOTAL PAYROLL & RELATED

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

7,514 2,818 2,818 15,629 9,392

8.00% 3.00% 3.00% 16.64% 10.00%

90,168 33,816 33,816 187,548 112,704

94,676 35,507 35,507 196,925 118,344

99,410 37,282 37,282 206,772 124,262

38,171

40.64%

458,052

480,959

505,008

TOTAL EXPENSES

48,088

51.20%

577,056

605,913

636,209

Net Profit before DEPRE & TAX (LOSS)

13,663

14.55%

163,968

172,162

180,770

14.55%

14.55%

14.55%

49.02%

51.46%

54.04%

% NET PROFIT (LOSS)

14.55%

ROI

10.3.3

PRE-OPENING BUDGET

THE ROYAL SPA - PRE-OPENING BUDGET (572 sq. meters) No.

Figure in USD

Items

Qty

Unit Price

Amount USD

FURNITURE, FIXTURE & EQUIBMENT BUDGET 1

Air conditioners

1 2 3 4 5 6 7 8 9

Hair Salon Hair dressing chairs (manual hydraulic) Steamer Infrared Dryer Hair cut equipment Hair Dryers Brushes, combs, and accessories Trolleys Manicure & Pedicure Station and accessories Miscellaneous Sub-Total

1 2 3 4 5 6

Spa Massage beds (wooden legs) Thai massage mattress Foot reflexology chairs Small side table Trolleys Stools

26,316

8 1 2 4 4 4 4 4 -

197 526 789 210 210 132 132 132 -

1,576 526 1,578 840 840 528 528 528 658 7,602

8 7 5 12 8 8

263 66 395 66 66 40

2,104 462 1,975 792 528 320

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7 8 9 10 11 12 13 14 15 16 17 18 19 20

Burners and candles Refrigerator Hot & cool water dispenser Tea sets, cups and tray, etc. Thermal blanket for body wrap treatment Basins Towel baskets Staff uniform Bed sheets Towel 12 x 12” Towel 16 x 32” Towel 30 x 60” Towel 60 x 80” Miscellaneous (shower cap, underwear, etc. Sub-Total

20 1 1 50 2 20 16 30 60 600 600 600 30 -

13 210 263 13 921 13 9 132 13 0.40 1 6.3 12 -

TOTAL FURNITURE FIXTURE & EQUIPMENT BUDGET

260 210 263 650 1,842 260 144 3,960 780 240 600 3,780 360 1,354 20,884

$ 54,802

1 USD = 38.0 THAI BAHT (Nov.9,06)

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)

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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

1. Glass panel 2. Glass Door 3. Woodwork

12.6

8,000

TOTAL

Amount 100,800 60,000 80,000 ฿ 240,800

(USD 6,336.84) 1 USD = 38.0 THAI BAHT (Nov.19, 2006)

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

Figure in Thai Baht

RECEPTION AREA: 56.07 Sq. M

Unit

Cost/unit

Floor finishing with compress marble Ceiling Finishing Lighting/Power Point Fixture Wall/Partition Finishing Wall Motifs Decoration/Woodwork Furniture Water Feature

56.07 56.07 26.00 45.00

3,500 500 1,000 500

1. 2. 3. 4. 5. 6. 7. 8.

Amount 194,245 28,035 26,000 22,500 20,000 70,000 60,000 225,000 ฿ 447,780 (USD 11,783.68)

TOTAL

Figure in Thai Baht

ADMINISTRATIVE OFFICE: 7.82 Sq. m

1. 2. 3. 4. 5. 6.

Timber Flooring Ceiling Finishing Lighting/Power Point Fixture Wall/Partition Finishing Decoration/Woodwork Furniture

Unit

Cost/unit

7.82 7.82 4.00 18.00

2,000 500 1,000 500

Amount 15,640 3,910 4,000 9,000 10,000 20,000 ฿ 62,550 (USD 1,646.05)

TOTAL

Figure in Thai Baht

CONSULTANCY ROOM: 8.04 Sq. M

1 2 3 4 5 6 7

Floor finishing with compress marble Ceiling Finishing Lighting/Power Point Fixture Wall/Partition Finishing Glass Door Decoration/Woodwork Furniture TOTAL

Unit

Cost/unit

8.04 8.04 4.00 18.00

3,5000 500 1,000 1,000

Amount 28,140 4,020 4,000 18,000 20,000 10,000 20,000 104,160 (USD 2,741.05)

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1 USD = 38.0 THAI BAHT (Nov.9, 2006)

RELAXING LOUNGE: 44.2 Sq. M

1. 2. 3. 4. 5. 6. 7. 8.

Timber Flooring Ceiling Finishing Lighting/Power Point Fixture Wall/Partition Finishing Wall Motif Decoration/Woodwork Furniture Water Feature

Figure in Thai Baht

Unit

Cost/unit

44.20 44.20 13.00 42.00

2,000 500 1,000 1,000

TOTAL

Amount 88,400 22,1000 13,000 42,000 60,000 40,000 60,000 25,000 350,500 (USD 9,223.68) Figure in Thai Baht

TRADITIONAL THAI MASSAGE AREA (COMMON ROOM): 40.86 Sq. M 1. 2. 3. 4. 5. 6. 7.

Timber Flooring Ceiling Finishing Lighting Fixture Wall/Partition Finishing Wall Motifs Decoration/Woodwork Furniture

Unit

Cost/unit

40.86 40.86 11.00 40.00

2,000 500 1,000 1,000

TOTAL

Amount 81,720 20,430 11,000 40,000 20,000 25,000 75,000 273,150 (USD 7,188.16) Figure in Thai Baht

TRADITIONAL THAI MASSAGE AREA (VIP ROOM): 18,25 Sq. M 1. 2. 3. 4. 5. 6. 7.

Timber Flooring Ceiling Finishing Lighting Fixture Wall/Partition Finishing Wall Motifs Decoration/Woodwork Furniture TOTAL

Unit

Cost/unit

18.25 18.25 4.00 26.00

2,000 500 1,000 1,000

Amount 36,500 9,125 4,000 26,000 10,000 20,000 40,000 145,625 (USD 3,832.24)

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

VIP PRIVATE TREATMENT ROOM (3 ROOMS): 70.0Sq. M 1. 2. 3. 4. 5. 6. 7. 8. 9.

Timber Flooring Ceiling Finishing Lighting Fixture Wall/Partition Finishing Wall Motifs Decoration/Woodwork Furniture Jacuzzi/ steam Bath room ware

Figure in Thai Baht

Unit

Cost/unit

70.00 30.00 99.96 45.00 60.00

2,000 2,00 500 1,000 1,000

Amount 140,000 60,00 49,980 45,000 60,000 60,000 50,000 1,200,000 50,000

TOTAL

1,714,980 (USD 45,131.05) Figure in Thai Baht

BAR AREA : 5.29 Sq. M

1. 2. 3. 4. 5. 6.

Timber Flooring Ceiling Finishing Lighting Fixture Wall/Partition Finishing Decoration/Woodwork Furniture

Unit

Cost/unit

5.29 5.29 5.00 14.00

2,000 500 1,000 1,000

Amount 10,580 2,645 5,000 14,000 20,000 30,000

TOTAL

82,225 (USD 2,163.82) Figure in Thai Baht

FACIAL TREATMENT ROOM :

Unit

Cost/unit

19.80 19.80 12.00 36.00

3,500 500 1,000 1,000

Amount

19.80 Sq. M 1. 2. 3. 4. 5. 6. 7.

Timber Flooring Ceiling Finishing Lighting Fixture Wall/Partition Finishing Wall Motifs Decoration/Woodwork Furniture TOTAL

69,300 9,900 12,000 36,000 10,000 30,000 50,000 217,200 (USD 5,715.79)

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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

HAIR DRESSING AREA: 47.00 Sq. M

1. 2. 3. 4. 5. 6. 7. 8.

Floor finishing with compress marble Ceiling Finishing Lighting Fixture Wall/Partition Finishing Wall Motifs Decoration/Woodwork Furniture Water Feature

Figure in Thai Baht

Unit

Cost/unit

47.00 47.00 20.00 42.00

3,500 500 1,000 1,000

Amount 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

1. 2. 3. 4. 5. 6. 7.

Timber Flooring Ceiling Finishing Lighting Fixture Wall/Partition Finishing Wall Motifs Decoration/Woodwork Furniture

Unit

Cost/unit

45.88 45.88 14.00 43.00

3,500 500 1,000 1,000

Amount

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

TOTAL

390,520 (USD 10,276.84) Figure in Thai Baht

STAFF REST AREA: 25.90 Sq. M

1. 2. 3. 4. 5. 6. 7.

Ceramic Flooring Ceiling Finishing Lighting Fixture Wall/Partition Finishing Decoration/Woodwork Furniture Bathroom Sanitary Ware TOTAL

Unit

Cost/unit

25.90 25.90 7.00 31.00

1,000 500 1,000 1,000

Amount 25,900 12,950 7,000 31,000 30,000 10,000 20,000 136,850 (USD 3,601.32)

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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

CORRIDOR: 108.80 Sq. M

1. 2. 3. 4. 5. 6.

Timber Flooring Ceiling Finishing Lighting Fixture Wall/Partition Finishing Decoration/Woodwork Water Feature

Figure in Thai Baht

Unit

Cost/unit

108.8 108.8 25.0 126.0

2,000 500 1,000 1,000

TOTAL

Amount 217,600 54,400 25,000 126,000 80,000 150,000 653,000 (USD 17,184.21) Figure in Thai Baht

STORAGE/ PANTRY: 12.45 Sq. M

Unit

Cost/unit

Ceramic Flooring Ceiling Finishing Lighting Fixture Wall/Partition Finishing Decoration/Woodwork Furniture

12.45 12.45 10.00 22.00

1,000 500 1,000 1,000

1. 2. 3. 4. 5. 6.

TOTAL

Amount 12,450 6,225 10,000 22,000 30,000 70,000 150,675 (USD 3,965.13) Figure in Thai Baht

COMMON TOILETS: 24.83 Sq. M 1. 2. 3. 4. 5. 6. 7.

Ceramic Flooring Ceiling Finishing Lighting Fixture Wall/Partition Finishing Wall Motifs Decoration/Woodwork Toilet Fixture (basin, urinal, etc.) TOTAL

Unit

Cost/unit

24.83 24.83 18.00 31.00

1,000 500 1,000 1,000

Amount 24,830 12,415 18,000 31,000 10,000 64,000 64,000 224,245 (USD 5,901.18)

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

STORE ROOM: 6.67 Sq. Meters

1. 2. 3. 4. 5.

Ceramic Flooring Ceiling Finishing Lighting Fixture Wall/Partition Finishing Furniture

Figure in Thai Baht

Unit

Cost/unit

6.67 6.67 4.00 16.00

1,000 500 1,000 1,000

Amount 6,670 3,335 4,000 16,000 20,000 50,005 (USD 1,315.92)

TOTAL

GRAND TOTAL 0R

(BAHT) 5,719,265 (USD) 150,506.97

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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.

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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 Phytopharmaceutical 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 The Institute of Management & Psychology

1991

The Advanced Marketing for the Executive Development

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

The Institute of CEO Development 1989

Executive Education Program “The Boss” The Institute of Management & Psychology

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

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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 :

1998

Jampasak, Laos R.O.P.

1997

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

1996

Tokyo, Kyoto, Osaka, Fukuoka, Japan:

MORINDA International Inc.

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

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

1992

Denmark, Norway, and France:

Sweden, Germany, Switzerland

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

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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 Age Date of Birth : Place of Birth : Status : Nationality Religion Height / Weight Language

EDUCATION

1998 – Present

:

1991-1996

:

1985 – 1991

:

: Male : 32 12 November 1974 Bangkok Single : Thai : Buddhism : 165 cms / 75 kgs : Thai / Good command in English Master Degree Counseling Psychology Assumption University (On-going Thesis Project) Bachelor Degree of Arts Major : Business English Minor : Advertising Assumption University 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

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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

Position

:

Bridgestone Sales (Thailand) Co., Ltd. • Japanese Company • Tire and wheel manufacturer

:

1999 – 2001

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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, cocontractor 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.

178

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

Sales Manager :

Miss Siwattra Thani

SIWATTRA

THANI

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

PERSONAL DATA Gender : Date of Birth : Marital Status : Religion : Identification Card No. :

Female July 28, 1976 Single Buddhism 4102000013688

Age : 30 years Place of Birth : Bangkok Nationality : Thai Height / Weight : 165 cm. / 50 kg. Valid Driving License No. : 39025894

WORK EXPERIENCE Aug’ 03 – Present

• • • • •

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

• •

Novotel Lotus Hotel Bangkok, Thailand Position : Sales Manager Reporting to : Director of Sales & Marketing

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

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

• • •

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 Position : Trainee Reporting to: Training Manager

Bangkok, Thailand

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 M. 6 Diploma

Bangkok, Thailand

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

180

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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

181

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

Advisor

:

Pharmacist Sirisakdi Thani

182

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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)

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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)

184

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

WORK EXPERIENCES 1.

2

3

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

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

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

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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

5.

4.8

The subcommittee groups regarding inspection or analysis medical device

4.9

Regarding controlling and monitoring the medical device information

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 โครงการน้าํ พระราชหฤทัย 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

186

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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.

Burmeses

sponsored

by

WHO.

Bangkok, June 19 -21, 1995. 7.6

The

Law

and

Medical

Device

in

Thailand,

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.

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PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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 9.

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

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

10.

11.

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

Lecture in Universities on Medical Device Law 1.

Rungsit University 1997 – 2002

2.

Chulalongkorn University 1998

Speaker in TV and Radio Subject

Programme

Weight Management Machines Knowledge to free from AIDS Self Operate Home Medical Device

Chaowannee (Today Morning) AIDS Control & Prevention Project Chaowannee (Today Morning)

Date

Place

Jan. 27, 1995

Color TV Ch.5

May 29, 1995

TV of Thailand Ch.11

Nov. 7, 1998

FM Radio 89.5

188

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

12.

Overseas Seminar and Conferences Subject

Year

Period (Days)

1977

25

Training in Food Plant Layout – WHO fund

1977

18

1998

7

1980

6

1982

6

1988

6

1990

6

1990

6

Training in Food Plant Layout, GMP in Food & Drug, Drug Control – WHO fund Speaker in Asian Congress of Pharmaceutical Sciences (Pharmaceutical Jurisprudence Section) Speaker in Asian Congress of Pharmaceutical Sciences (Pharmaceutical Jurisprudence Section) Speaker in Asian Congress of Pharmaceutical Sciences (Pharmaceutical Jurisprudence Section) Speaker in Asian Congress of Pharmaceutical Sciences (Pharmaceutical Jurisprudence Section) Speaker in Asian Congress of Pharmaceutical Sciences (Pharmaceutical Jurisprudence Section and Public Health Section) Seminar on “Antipyretic Analgesic – New Insight 1990”

1990

8

1991

5

1991

14

1991

6

1992

3

1993

4

Drug GMP and Quality Control “Study Meeting on Biotech Application in Pharm. Industry” FAO/WHO Conference on Food Standards Chemicals in Food and Food Trade Speaker in 14th Asian Congress of Pharmaceutical Sciences General Information about the Organization financial structure Norwegian Public Health System “The 17th IFSCC International Congress Cosmetic Yokohama”

Country Copenhagen, Denmark Upsala, Stockholm, Leo, Sweden Manila, Philippines Kyoto, Japan Seoul, Korea Bali, Indonesia Manila, Philippines Jork Jarkata, Indonesia Tokyo, Japan Teipe, Taiwan Rome, Italy Lahore, Pakistan Oslo, Norway Yokohama, Japan

189

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

Year

Period (days)

Subject

1993

3

1993

3

1993

8

1993

5

“Skin Care Cincinnati” GMP on Asia Cosmetic & Beauty Trends 1993

1994

5

Condom ISO/157

1994

3

Condom GMP and Quality Control

1994

5

GMP on Medical Device

1994

5

1994

5

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

1995

18

Study Tour on Health Care System

1995

2

Human Resources Management And Human Resources Development Programs

1995

2

1995

2

1995

GMP on Cosmetics “The 4th International On Cosmetic Regulation Tokyo”

Country Singapore Tokyo, Japan Ohio, U.S.A. Jarkatar, Indonesia Cape Town, South Africa Kuala Lumper, Malaysia Tokyo, Japan Malaysia. Singapore Yokohama, Japan Denmark, Sweden, Germany, Switzerland Japan Hong Kong

5

Productivity Pledge: Performance Measurement in the Public Sector Service Quality Management and Measuring Performance in Total Quality Implementation Inter-country Workshop on Condom Supply Management and Logistics Newdelhi

1995

4

Fifth Global Medical Device Conference

Vancouver, Canada

1995

7

1996

5

ISO/TC45 Rubber and Condom Speaker in ASEAN Congress of Pharmaceutical Sciences

Medan, Indonesia 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

1998

7

2003

4

GMP in Medical Devices and Drugs Seoul FAPA for the Efficient Patient Cares through Pharmacy Practice

FDA - U.S.A. Germany Netherland

Singapore Newdelhi, India

Seoul, Korea

190

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

13. Training and Study in Thailand

Year

Period

Subject

Country

(days) 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

Training Public Health Pharmacists in 1992

14

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

1993 Policy and Working Plan and 1992

3

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

Operation Strategy and Sampling in 1993

3

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

191

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

Year 1994

Period (days) 3

1994

Subject

Country

Proper Use of Medical Technology

Bangkok

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

Condom Production from Natural Rubber 1995

5

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

Consumer Protection in Health Care Product 1996

1

Direct Sales

Bangkok

1997 Year Plan for Consumer Protection 1996

4

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

Brain storming on Medical Device Law 1998

1

Reforming

Bangkok

1998

1

Microsoft Window 95

Bangkok

192

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

Year

Period

Subject

Country

(days) ISO 13485/13488 Quality System Medicaid 1999

1

Devices Particular Requirements for the

Bangkok

application of ISO 9001/9002 1999

3

HACCP System on Crisis Analysis & Control

Bangkok

Seminar Chief of Pharmacist on Health 1999

3

Product Consumer Protection

Bangkok

1999 Meeting on Health Product Consumer 1999

3

Protection

Bangkok

Seminar on Policy Frame and Management 1999

2

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

Seminar for Chief Pharmacist on Health 1999

3

Product Consumer Protection

Bangkok

1999

5

Intensive Monitoring ADR

Bangkok

1999

1

New ISO 9000

Bangkok

1999

3

Annual Meeting

Bangkok

Promotion and Development of Health 1999

2

Product in Community

Bangkok

1999

3

Government Management Reform

Haadyai, Songkla

Patent on Plant, Animal, Microbial and Thai 1999

1

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

Community Health Product Promotion & 1999

2

Development

Bangkok Petchburi/

2000

5

Administration Plan

Nakonpathom

193

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

Period Year

(days)

Subject

Country

Public Health for National Economic & Social 2000

1

Development Plan # 9 (2002 – 2006)

Bangkok

R & D National Product for Thai Traditional 2000

3

Medicine

Chaingmai

Herb: National Drug List and Implementation 2000

1

in the hospitals

Bangkok

2000

1

Ecommerce and Consumer Protection

Bangkok

2000

2

Health Product Import Control

Bangkok

2000

1

Promotion Efficiency

Bangkok

Asian Cosmetic Monitor for Cosmetic Export 2000

1

Business

Bangkok

2001 Health Product Consumer Protection 2000

4

Plan

Pattaya, Cholburi

Public Health Provincial Consumer Protection 2000

2

Plan

Bangkok

2000

3

Pharmaceutical Clinical Research Reporting

Bangkok

2000

4

Seminar for FDA Implementation Plan

Pattaya, Cholburi

Seminar for Announcement of Medical Device 2000

1

Act

Bangkok

2000

1

Ecommerce and Consumer Protection

Bangkok

2000

2

New Strategy in Team Management

Bangkok

Operation Meeting for FDA Strategy Plan and 2001

4

Implementation

Pattaya, Cholburi

Meeting for FDA Strategy and Operation Plan 2001

1

in next 5 years

Bangkok

2001

2

Additional Rule Law 2001

Bangkok

2001

3

Meeting for Policy Implementation

Bangkok

Inspection on Good Manufacturing Practice 2001

2

(GMP) in Food Industry according to the Law

Bangkok

194

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

Period Year

(days)

Subject

Country

Health Product Consumer Protection 2001

3

Conference 2001

Bangkok

Health Product Consumer Protection 2001

4

Conference 2002

Cha-am, Petchburi

Meeting Network Cooperation on Health 2001

1

Product Undesired Effect

Bangkok

2001

1

Strategic Plan for Clean Organization

Bangkok

Follow up Center Conference on Health 2001

2

Product Undesired Effects 2001

BKK

Seminar on Inspection and Demonstration 2001

3

Evaluation of District 7

Pattaya, Cholburi

2001

3

EU Medical Device Regulation

Rayong

Implants-in-Search for “Life Long” 2001

2

Performance

BKK

Medical Device for External Diagnosis Control 2001

1

Policy

BKK

Management Promotion for High Executive 2002

12

Officer Group1 in 2002 fiscal year

BKK

Seminar on the Cooperation of FDA and the 2002

2

Medical Science Department

Karnchanaburi

2002

3

Herbal Medicine

BKK

Seminar on Inspection and Demonstration 2002

3

Evaluation of District 7

Pattaya, Cholburi

Training on Monitoring Physical Therapy 2002

3

Equipment or product

Huahin, Prajuabkirikhan

Training on Basic Knowledge of Utilization of 2002

3

Physical Therapy Equipment or product in the

Loey

Community Training for Physical Therapy Equipment or 2002

3

product Control

Khonkhaen

195

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

Period Year

(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

Follow up Undesired Effects on Health 2003

1

Product Utilization

BKK

Meeting Network Cooperation on Health 2003

2

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

Policy and Attitude of Thailand in Health Care 2003

1

Business

BKK

2003

3

Seminar on Medical Device Description

Bhuket

196

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

11.3

Manning And Salary

The Royal Spa Co., Ltd. Board of Consultant 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

New Payroll Rate – USD 1,300 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000

TOTAL

Natural Products Factory 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 TOTAL

Head-count 1 1 1 1 1 1 1 1 1

Amount USD 1,300 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000

9

9,300

New Payroll Rate – USD

Head-count

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 22

Amount USD 1,320 1,000 800 2,400 1,000 1,600 1,000 1,600 1,000 600 630 600 700 14,250

197

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

PN HOTEL & RESORT BKK & UTHAITHANI 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 TOTAL

New Payroll Rate – USD

Head-count

Amount USD

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

78

32,730

198

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

The Royal Spa @ BANGKOK Spa Manager Assistant Sales Manager Spa Receptionist Spa Technician Therapists Hair Technician Salon Staff Spa Attendants

New Payroll Rate – USD

Head-count

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

31

9,015

TOTAL

Pang NARES SPA @ PN Resort, UTHAITHANI

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

Amount USD

New Payroll Rate – USD

Head-count

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

22

6,685

TOTAL

Amount USD

New Payroll Rate – USD

Head-count

1,320 1,320 800

1 1 3

1,320 1,320 2,400

200 170

1 2

200 340

TOTAL

8

5,580

TOTAL Salary

170

HOME HEALTH CARE COLLEGE & Campus

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

Amount USD

78,860

199

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

12. FINANCIAL ANALYSIS 12.1 General Assumptions

General Assumptions

Short Term Interest Rate Long Term Interest Rate Payment days Collection days Inventory Turnover Tax Rate Percent Expenses in cash Sales on credit Personnel Burden Income & Expenses Loan Term (Year)

12.2

Annually Increase

8.00% 4.00% 30 45 4 30.00% 10.00% 70.00% 10.00% 5% 10

Pro-forma Sale Value

Description

1 2 3 4 5 6

Spa Services @ Pang NARES @ Bangkok Special Treatment 30 % of #1 BKK 14 Units Service Apartment Villa B 28 Units Villa A 20 Units Villa C 14 Units

Room Rate

TOTAL Income

Monthly

/ day

/ Day

Income

% of Sales

Total Year 1 Sales

48,742 81,810 39,166 75

1,050

31,500

200

5,600

168,000

250

5,000

150,000

300

4,200

126,000

200

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

7 8 9

Sub Total 1 2

Pool Villa 3 Units Garden Thai Houses 20 Units

500

1,500

500

10,000

300,000

Pool Thai House Villa 10 Units

800

8,000

240,000

Spa Services &

1,230,218

Accommodations Hair Salon Services Retail Revenue

123,022 61,612

TOTAL REVENUE 1 2

11 Market Space Rental @160/month Herbal Natural Products, - in the Kingdom Consumption - Export

Finished Natural Food ~20 % of 2

4

HHC Membership -Lifetime Member

5

Annual Member -HHC College Fee $450/semester/one - 120 Student Accommodation

a$1000 b$1500 c$2000 $500

@$160 Total FIX REVENUE

High Value Added Products & Services TOTAL CASH IN-FLOW

87.10%

8.71% 4.19%

14,786,977

1,478,698 739,349

1,414,852

17,005,024

1,760

21,120

-

15,000 10,000

180,000 120,000

-

2,500 20,000

30,000 240,000

30,000

360,000

40,000

480,000

20,000

240,000

18,000

216,000

19,200

230,400

-

3

45,000

176,460

100

2,117,520

19,122,544

201

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

12.3

Sales Forecast

Pro-forma Revenue Revenue Cost of Sales Gross Profit Gross Profit Margin

Year

1 2 3 5,736,763 12,429,654 19,074,738 1,721,739 3,730,435 5,724,783 4,015,024 8,699,219 13,349,955 70 70 70

4 20,028,475 6,011,022 14,017,453 70

5 21,029,898 6,311,573 14,718,325 70

6 22,081,393 6,627,151 15,454,242 70

7 23,185,463 6,958,509 16,226,954 70

8 24,344,736 7,306,434 17,038,302 70

Revenue Operating Expenses Operating Profit Operating Profit Margin

5,736,763 12,429,654 19,074,738 1,975,947 4,645,552 6,624,674 3,760,816 7,784,102 12,450,064 66 63 65

20,028,475 6,955,907 13,072,567 65

21,029,898 7,303,703 13,726,196 65

22,081,393 7,668,888 14,412,505 65

23,185,463 8,052,332 15,133,131 65

24,344,736 8,454,949 15,889,787 65

Revenue Expenses Pre-Taxed Profit Pre-Taxed Profit Margin

5,736,763 12,429,654 19,074,738 5,137,686 9,815,986 13,649,456 599,077 2,613,667 5,425,282 10 21 28

20,028,475 14,106,929 5,921,546 30

21,029,898 14,595,275 6,434,623 31

22,081,393 15,116,039 6,965,354 32

23,185,463 15,670,841 7,514,622 32

24,344,736 16,241,383 8,103,353 33

Revenue Expenditure+Int +Tax Net Profit Net Profit Margin

5,736,763 12,429,654 19,074,738 5,317,409 11,504,836 16,181,791 419,354 924,817 2,892,947 7 7 15

20,028,475 16,788,143 3,240,332 16

21,029,898 17,430,412 3,599,486 17

22,081,393 18,110,395 3,970,998 18

23,185,463 18,829,978 4,355,485 19

24,344,736 19,577,139 4,767,597 20

Pro-forma Revenue Revenue Cost of Sales Gross Profit Gross Profit Margin

Year

9 25,561,973 7,671,756 17,890,217 70

10 26,840,071 8,055,344 18,784,727 70

11 28,182,075 8,458,111 19,723,964 70

12 29,591,179 8,881,017 20,710,162 70

13 31,070,738 9,325,068 21,745,670 70

14 32,624,275 9,791,321 22,832,954 70

15 Total 34,255,488 356,036,917 10,280,887 106,855,149 23,974,601 249,181,768 70 70

Revenue Operating Expenses Operating Profit Operating Profit Margin

25,561,973 8,877,696 16,684,277 65

26,840,071 9,321,581 17,518,490 65

28,182,075 9,787,660 18,394,415 65

29,591,179 10,277,043 19,314,136 65

31,070,738 10,790,895 20,279,843 65

32,624,275 11,330,440 21,293,835 65

34,255,488 356,036,917 11,896,962 123,964,227 22,358,526 232,072,691 65 65

Revenue Expenses Pre-Taxed Profit Pre-Taxed Profit Margin

25,561,973 16,829,452 8,732,520 34

26,840,071 17,456,925 9,383,147 35

28,182,075 18,245,771 9,936,304 35

29,591,179 19,158,060 10,433,119 35

31,070,738 20,115,963 10,954,775 35

32,624,275 21,121,761 11,502,514 35

34,255,488 356,036,917 22,177,849 239,439,376 12,077,639 116,597,541 35 33

Revenue Expenditure+Int +Tax Net Profit Net Profit Margin

25,561,973 20,353,958 5,208,014 20

26,840,071 21,176,619 5,663,453 21

28,182,075 22,131,412 6,050,663 21

29,591,179 23,192,745 6,398,433 22

31,070,738 24,307,145 6,763,592 22

32,624,275 25,477,265 7,147,010 22

34,255,488 356,036,917 26,705,891 287,085,139 7,549,598 68,951,779 22 19

202

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

Sales Forecast

US$ 35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

0 Revenue

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

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, 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, Operating Profit

Year

203

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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 Daily Person Break-even Monthly Sales Break-even

3,885 130 $ 817,999

Assumptions: Average Person Sale

$ 210.53

204

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

Pay Back Break-Even Analysis Paid Back Break Even

US$ 80,000,000 70,000,000 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 0

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

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

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

Year

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).

205

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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.

206

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

Pro-forma Profit & Loss US$ 35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

0 Revenue

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

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, 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 Net Profit

Year

207

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

Pang Nares Project Pro-forma Profit & Loss YEAR

1

Investment Asset Cost New Buildings Bangkok Building Infrastructure Renovation, Landscaping Working Capital TOTAL INVESTMENT

Owner Loan Loan Loan Loan

REVENUE Spa Services & Accommodation Hair Salon Services Retail Revenue Natural Products Sales & Fixed Revenue TOTAL REVENUE

100% 14,786,977 1,478,698 739,349 2,117,520 19,122,544

TOTAL EXPENDITURE

NET PROFIT Add back depreciation NET CASH CURRENT

30% 4,436,093 443,609 221,805 635,256 5,736,763

4

65% 9,611,535 961,154 480,577 1,376,388 12,429,654

95% 14,750,010 1,475,001 737,501 2,112,226 19,074,738 -

95% 15,487,510 1,548,751 774,376 2,217,838 20,028,475 -

5

1,730,076 173,008 240,288 344,097 621,483 621,483 3,730,435

2,655,002 265,500 368,750 528,057 953,737 953,737 5,724,783

2,787,752 278,775 387,188 554,459 1,001,424 1,001,424 6,011,022

2,927,139 292,714 406,547 582,182 1,051,495 1,051,495 6,311,573

283,896 28,390 458,941 172,103 172,103 573,676 286,838 1,975,947

946,320 94,632 994,372 372,890 372,890 1,242,965 621,483 4,645,552

993,636 99,364 1,525,979 572,242 572,242 1,907,474 953,737 6,624,674

1,043,318 104,332 1,602,278 600,854 600,854 2,002,847 1,001,424 6,955,907

1,095,484 109,548 1,682,392 630,897 630,897 2,102,990 1,051,495 7,303,703

1,440,000

1,440,000

1,300,000

1,140,000

980,000

5,137,686

9,815,986

13,649,456

14,106,929

14,595,275

599,077

2,613,667 1,292,500 1,321,167 396,350

5,425,282 1,292,500 4,132,782 1,239,834

5,921,546 1,292,500 4,629,046 1,388,714

6,434,623 1,292,500 5,142,123 1,542,637

924,817 1,292,500 2,217,317 7

2,892,947 1,292,500 4,185,447 15

3,240,332 1,292,500 4,532,832 16

3,599,486 1,292,500 4,891,986 17

5% 30%

95% 16,261,886 1,626,189 813,094 2,328,729 21,029,898 -

798,497 79,850 110,902 158,814 286,838 286,838 1,721,739

599,077 179,723 419,354

ROI

3

4,475,000 13,050,000 12,800,000 4,000,000 6,150,000 40,475,000

EXPENDITURE Cost of sales Spa Services 18% of Sales Hair Salon Services 18% of Sales Retail Sales 50% of Retail Sales Natural Products 25% 0f Sales Staff Commission 5% of Sales Other Incentives 5% of Sales TOTAL COST Of SALES Corporate & Overhead Expenses Salary & Wages Personnel Burden Gen & Admin Expenses 8% of Sales Utilities Expenses 3% of Sales Laundry Expenses 3% of Sales Advertising & Promotion 10% of Sales Repair & Maintenance Cost 5% TOTAL CORPORATE & OVERHEAD EXPENSES Investment Expenses Interest 4%

CORPORATE PROFIT BEFORE DEPRE & TAX Depreciation CORPORATE PROFIT BEFORE TAX Corporate Tax

2

419,354 7

208

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

Pang Nares Project Pro-forma Profit & Loss YEAR

1

Investment Asset Cost New Buildings Bangkok Building Infrastructure Renovation, Landscaping Working Capital TOTAL INVESTMENT

Owner Loan Loan Loan Loan

REVENUE Spa Services & Accommodation Hair Salon Services Retail Revenue Natural Products Sales & Fixed Revenue TOTAL REVENUE

100% 14,786,977 1,478,698 739,349 2,117,520 19,122,544

TOTAL EXPENDITURE

NET PROFIT Add back depreciation NET CASH CURRENT

30% 4,436,093 443,609 221,805 635,256 5,736,763

95% 17,074,980 1,707,498 853,749 2,445,166 22,081,393

95% 17,928,729 1,792,873 896,437 2,567,424 23,185,463

8

9

10

95% 19,766,424 1,976,643 988,321 2,830,585 25,561,973

95% 20,754,745 2,075,475 1,037,737 2,972,114 26,840,071

3,073,496 307,350 426,875 611,291 1,104,070 1,104,070 6,627,151

3,227,171 322,717 448,218 641,856 1,159,273 1,159,273 6,958,509

3,388,530 338,853 470,629 673,949 1,217,237 1,217,237 7,306,434

3,557,956 355,796 494,161 707,646 1,278,099 1,278,099 7,671,756

3,735,854 373,585 518,869 743,029 1,342,004 1,342,004 8,055,344

283,896 28,390 458,941 172,103 172,103 573,676 286,838 1,975,947

1,150,258 115,026 1,766,511 662,442 662,442 2,208,139 1,104,070 7,668,888

1,207,771 120,777 1,854,837 695,564 695,564 2,318,546 1,159,273 8,052,332

1,268,159 126,816 1,947,579 730,342 730,342 2,434,474 1,217,237 8,454,949

1,331,567 133,157 2,044,958 766,859 766,859 2,556,197 1,278,099 8,877,696

1,398,146 139,815 2,147,206 805,202 805,202 2,684,007 1,342,004 9,321,581

1,440,000

820,000

660,000

480,000

280,000

80,000

5,137,686

15,116,039

15,670,841

16,241,383

16,829,452

17,456,925

599,077

6,965,354 1,292,500 5,672,854 1,701,856

7,514,622 1,292,500 6,222,122 1,866,637

8,103,353 1,292,500 6,810,853 2,043,256

8,732,520 1,292,500 7,440,020 2,232,006

9,383,147 1,292,500 8,090,647 2,427,194

3,970,998 1,292,500 5,263,498 18

4,355,485 1,292,500 5,647,985 19

4,767,597 1,292,500 6,060,097 20

5,208,014 1,292,500 6,500,514 20

5,663,453 1,292,500 6,955,953 21

5% 30%

95% 18,825,165 1,882,517 941,258 2,695,795 24,344,736

798,497 79,850 110,902 158,814 286,838 286,838 1,721,739

599,077 179,723 419,354

ROI

7

4,475,000 13,050,000 12,800,000 4,000,000 6,150,000 40,475,000

EXPENDITURE Cost of sales Spa Services 18% of Sales Hair Salon Services 18% of Sales Retail Sales 50% of Retail Sales Natural Products 25% 0f Sales Staff Commission 5% of Sales Other Incentives 5% of Sales TOTAL COST Of SALES Corporate & Overhead Expenses Salary & Wages Personnel Burden Gen & Admin Expenses 8% of Sales Utilities Expenses 3% of Sales Laundry Expenses 3% of Sales Advertising & Promotion 10% of Sales Repair & Maintenance Cost 5% TOTAL CORPORATE & OVERHEAD EXPENSES Investment Expenses Interest 4%

CORPORATE PROFIT BEFORE DEPRE & TAX Depreciation CORPORATE PROFIT BEFORE TAX Corporate Tax

6

419,354 7

209

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

Pang Nares Project Pro-forma Profit & Loss YEAR

11

Investment Asset Cost New Buildings Bangkok Building Infrastructure Renovation, Landscaping Working Capital TOTAL INVESTMENT

Owner Loan Loan Loan Loan

REVENUE Spa Services & Accommodation Hair Salon Services Retail Revenue Natural Products Sales & Fixed Revenue TOTAL REVENUE

100% 14,786,977 1,478,698 739,349 2,117,520 19,122,544

EXPENDITURE Cost of sales Spa Services 18% of Sales Hair Salon Services 18% of Sales Retail Sales 50% of Retail Sales Natural Products 25% 0f Sales Staff Commission 5% of Sales Other Incentives 5% of Sales TOTAL COST Of SALES Corporate & Overhead Expenses Salary & Wages Personnel Burden Gen & Admin Expenses 8% of Sales Utilities Expenses 3% of Sales Laundry Expenses 3% of Sales Advertising & Promotion 10% of Sales Repair & Maintenance Cost 5% TOTAL CORPORATE & OVERHEAD EXPENSES Investment Expenses Interest 4% TOTAL EXPENDITURE CORPORATE PROFIT BEFORE DEPRE & TAX Depreciation CORPORATE PROFIT BEFORE TAX Corporate Tax NET PROFIT Add back depreciation NET CASH CURRENT ROI

5% 30%

12

95% 21,792,482 2,179,249 1,089,624 3,120,720 28,182,075

13

95% 22,882,106 2,288,211 1,144,106 3,276,756 29,591,179

14

95% 24,026,211 2,402,622 1,201,311 3,440,594 31,070,738

15

95% 25,227,522 2,522,753 1,261,376 3,612,624 32,624,275

95% 26,488,898 2,648,890 1,324,445 3,793,255 34,255,488

Total

275,314,294 27,531,435 13,765,718 39,425,470 356,036,917

3,922,647 392,265 544,812 780,180 1,409,104 1,409,104 8,458,111

4,118,779 411,878 572,053 819,189 1,479,559 1,479,559 8,881,017

4,324,718 432,472 600,655 860,148 1,553,537 1,553,537 9,325,068

4,540,954 454,095 630,688 903,156 1,631,214 1,631,214 9,791,321

4,768,002 49,556,573 476,800 4,955,658 6,882,859 662,223 9,856,368 948,314 1,712,774 17,801,846 1,712,774 17,801,846 10,280,887 106,855,149

1,468,053 146,805 2,254,566 845,462 845,462 2,818,207 1,409,104 9,787,660

1,541,456 154,146 2,367,294 887,735 887,735 2,959,118 1,479,559 10,277,043

1,618,528 161,853 2,485,659 932,122 932,122 3,107,074 1,553,537 10,790,895

1,699,455 169,945 2,609,942 978,728 978,728 3,262,427 1,631,214 11,330,440

0

0

0

0

18,245,771

19,158,060

20,115,963

21,121,761

9,936,304 1,292,500 8,643,804 2,593,141

10,433,119 1,292,500 9,140,619 2,742,186

10,954,775 1,292,500 9,662,275 2,898,682

11,502,514 1,292,500 10,210,014 3,063,004

6,050,663 1,292,500 7,343,163 21

6,398,433 1,292,500 7,690,933 22

6,763,592 1,292,500 8,056,092 22

7,147,010 1,292,500 8,439,510 22

18,830,473 1,784,427 1,883,047 178,443 2,740,439 28,482,953 1,027,665 10,681,108 1,027,665 10,681,108 3,425,549 35,603,692 1,712,774 17,801,846 11,896,962 123,964,227 0 8,620,000 22,177,849 239,439,376 12,077,639 116,597,541 18,095,000 1,292,500 10,785,139 98,502,541 3,235,542 29,550,762 7,549,598 68,951,779 18,095,000 1,292,500 8,842,098 87,046,779 22

210

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

12.6

Pro-forma Cash Flow

Pro-forma Cash Flow

US$ 60,000,000

50,000,000

40,000,000

30,000,000

20,000,000

10,000,000

0

-10,000,000

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

Net Cash Flow 2,558,3 -1,282, 185,447 532,832 891,986 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,

Year

211

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

Pang Nares Project Pro-forma Cash Flow Year Starting Balance Cash Flow In Invested Capital Loan Net Profit Plus Depreciation Total Cash Flow In Cash Flow Out Inventory Long Terms Asset Loan Repayment Refinance Consultant Fee Total Cash Flow Out Net Cash Flow Cash Balance

1

2 3 2,558,354 1,275,671

4 1,461,118

5 1,993,950

6 2,885,936

7 4,149,434

8 5,297,419

36,000,000 419,354

924,817 2,892,947

3,240,332

3,599,486

3,970,998

4,355,485

4,767,597

36,419,354

1,292,500 1,292,500 2,217,317 4,185,447

1,292,500 4,532,832

1,292,500 4,891,986

1,292,500 5,263,498

1,292,500 5,647,985

1,292,500 6,060,097

4,000,000

4,000,000

4,000,000

4,500,000

5,000,000

4,000,000 532,832 1,993,950

4,000,000 891,986 2,885,936

4,000,000 1,263,498 4,149,434

4,500,000 1,147,985 5,297,419

5,000,000 1,060,097 6,357,516

211,000 29,850,000 0 3,500,000 4,000,000 2,000,000 1,800,000 33,861,000 3,500,000 4,000,000 2,558,354 -1,282,683 185,447 2,558,354 1,275,671 1,461,118

Pang Nares Project Pro-forma Cash Flow Year Starting Balance Cash Flow In Invested Capital Loan Net Profit Plus Depreciation Total Cash Flow In Cash Flow Out Inventory Long Terms Asset Loan Repayment Refinance Consultant Fee Total Cash Flow Out Net Cash Flow Cash Balance

9 6,357,516

10 11 7,858,031 12,813,983

5,208,014

5,663,453

6,050,663

6,398,433

6,763,592

7,147,010

7,549,598

1,292,500 6,500,514

1,292,500 6,955,953

1,292,500 7,343,163

1,292,500 7,690,933

1,292,500 8,056,092

1,292,500 8,439,510

1,292,500 8,842,098

5,000,000

2,000,000

0

0

0

0

0

5,000,000 2,000,000 0 1,500,514 4,955,953 7,343,163 7,858,031 12,813,983 20,157,146

0 7,690,933 27,848,079

0 0 8,056,092 8,439,510 35,904,172 44,343,681

0 8,842,098 53,185,779

12

13

20,157,146

14

15

27,848,079 35,904,172

44,343,681

212

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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 Project Pro-forma Balance Sheet Year

Start B/L

1

2

3

4

5

6

7

8

ASSETS Short Term Assets Cash and Bank Deposit Inventory Total Short Term Assets

5,939,000 211,000 6,150,000

2,558,354 211,000 2,769,354

1,275,671 211,000 1,486,671

1,461,118 211,000 1,672,118

1,993,950 211,000 2,204,950

2,885,936 211,000 3,096,936

4,149,434 211,000 4,360,434

5,297,419 211,000 5,508,419

6,357,516 211,000 6,568,516

4,475,000 26,671,216 3,178,784 34,325,000

4,475,000 26,671,216 3,178,784 34,325,000

34,325,000 40,475,000

34,325,000 37,094,354

4,475,000 26,671,216 3,178,784 34,325,000 1,292,500 33,032,500 34,519,171

4,475,000 26,671,216 3,178,784 34,325,000 2,585,000 31,740,000 33,412,118

4,475,000 26,671,216 3,178,784 34,325,000 3,877,500 30,447,500 32,652,450

4,475,000 26,671,216 3,178,784 34,325,000 5,170,000 29,155,000 32,251,936

4,475,000 26,671,216 3,178,784 34,325,000 6,462,500 27,862,500 32,222,934

4,475,000 26,671,216 3,178,784 34,325,000 7,755,000 26,570,000 32,078,419

4,475,000 26,671,216 3,178,784 34,325,000 9,047,500 25,277,500 31,846,016

36,000,000 38,000,000

36,000,000 36,000,000

32,500,000 32,500,000

28,500,000 28,500,000

24,500,000 24,500,000

20,500,000 20,500,000

16,500,000 16,500,000

12,000,000 12,000,000

7,000,000 7,000,000

4,475,000 2,475,000 40,475,000 2,475,000

4,475,000 1,094,354 37,094,354 1,094,354

4,475,000 2,019,171 34,519,171 2,019,171

4,475,000 4,912,118 33,412,118 4,912,118

4,475,000 8,152,450 32,652,450 8,152,450

4,475,000 11,751,936 32,251,936 11,751,936

4,475,000 15,722,934 32,222,934 15,722,934

4,475,000 20,078,419 32,078,419 20,078,419

4,475,000 24,846,016 31,846,016 24,846,016

Long Term Assets Land & Infrastructor Building & Infrastructure Tools, Equipmens and Furniture Sub-Total Long Term Assets Accummulated Depreciation Total Long term Assets Total Assets DEBT & EQUITY Short Term Liabilities Accounts Payable-Refinance for Assets Sub-Total Short Term Liabilities Long Term Liabilities Sub-Total Long Term Debt Total Debt Equity Invested Capital SubTotal Equity Total Debt & Equity Net Worth

2,000,000 2,000,000

213

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

Pang Nares Project Pro-forma Balance Sheet Year

9

10

11

12

13

14

15

ASSETS Short Term Assets Cash and Bank Deposit Inventory Total Short Term Assets

7,858,031 211,000 8,069,031

12,813,983 211,000 13,024,983

20,157,146 211,000 20,368,146

27,848,079 211,000 28,059,079

35,904,172 211,000 36,115,172

44,343,681 211,000 44,554,681

53,185,779 211,000 53,396,779

4,475,000 26,671,216 3,178,784 34,325,000 10,340,000 23,985,000 32,054,031

4,475,000 26,671,216 3,178,784 34,325,000 11,632,500 22,692,500 35,717,483

4,475,000 26,671,216 3,178,784 34,325,000 12,925,000 21,400,000 41,768,146

4,475,000 26,671,216 3,178,784 34,325,000 14,217,500 20,107,500 48,166,579

4,475,000 26,671,216 3,178,784 34,325,000 15,510,000 18,815,000 54,930,172

4,475,000 26,671,216 3,178,784 34,325,000 16,802,500 17,522,500 62,077,181

4,475,000 26,671,216 3,178,784 34,325,000 18,095,000 16,230,000 69,626,779

2,000,000 2,000,000

0 0

0 0

0 0

0 0

0 0

0 0

4,475,000 30,054,031 32,054,031 30,054,031

4,475,000 35,717,483 35,717,483 35,717,483

4,475,000 41,768,146 41,768,146 41,768,146

4,475,000 48,166,579 48,166,579 48,166,579

4,475,000 54,930,172 54,930,172 54,930,172

4,475,000 62,077,181 62,077,181 62,077,181

4,475,000 69,626,779 69,626,779 69,626,779

Long Term Assets Land & Infrastructor Building & Infrastructure Tools, Equipmens and Furniture Sub-Total Long Term Assets Accummulated Depreciation Total Long term Assets Total Assets DEBT & EQUITY Short Term Liabilities Accounts Payable-Refinance for Assets Sub-Total Short Term Liabilities Long Term Liabilities Sub-Total Long Term Debt Total Debt Equity Invested Capital SubTotal Equity Total Debt & Equity Net Worth

214

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

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 Project Ratios Analysis Year 1 Prifitibility Ratios Gross Margin 69.99 Operating Profit Margin 65.56 Net Profit Margin 7.31 Return On Assets ( ROA) 1.13 Return On Equity (ROE) 38.32 Return On Investment (ROI) 7.31 Expenses Ratios Direct Cost to Total Revenue Ratio 30.01 Indirect Cost to Total Revenue Ratio 34.44 Fixed Cost to Total Revenue Ratio 25.10 Debt Ratios Debt to Equity Ratio 32.90 Debt Ratio 0.97 Liquidity Ratios Interest Coverage Ratio Investment Ratos Internal Rate of Return (IRR) Net Present Value (NPV) - 5% Discounted Rate Pay Back Period

2

3

4

5

6

7

8

69.99 62.63 7.44 2.68 45.80 7.44

69.99 65.27 15.17 8.66 58.89 15.17

69.99 65.27 16.18 9.92 39.75 16.18

69.99 65.27 17.12 11.16 30.63 17.12

69.99 65.27 17.98 12.32 25.26 17.98

69.99 65.27 18.79 13.58 21.69 18.79

69.99 65.27 19.58 14.97 19.19 19.58

30.01 37.37 11.59

30.01 34.73 6.82

30.01 34.73 5.69

30.01 34.73 4.66

30.01 34.73 3.71

30.01 34.73 2.85

30.01 34.73 1.97

16.10 0.94

5.80 0.85

3.01 0.75

1.74 0.64

1.05 0.51

0.60 0.37

0.28 0.22

5.41

9.58

11.47

14.01

17.58

22.93

33.10

2,856,118

7,383,821

-0.13 -0.06 0.00 0.04 11,966,907 16,592,017 21,246,959 25,920,629 30,616,990

Pang NARES Project Ratios Analysis 9 12 13 Year 10 11 Prifitibility Ratios Gross Margin 69.99 69.99 69.99 69.99 69.99 65.27 65.27 65.27 65.27 65.27 Operating Profit Margin 20.37 21.10 21.47 21.62 21.77 Net Profit Margin 16.25 15.86 14.49 13.28 12.31 Return On Assets ( ROA) 17.33 15.86 14.49 13.28 12.31 Return On Equity (ROE) Return On Investment (ROI) 20.37 21.10 21.47 21.62 21.77 Expenses Ratios Direct Cost to Total Revenue Ratio 30.01 30.01 30.01 30.01 30.01 34.73 34.73 34.73 34.73 34.73 Indirect Cost to Total Revenue Ratio Fixed Cost to Total Revenue Ratio 1.10 0.30 0.00 0.00 0.00 Debt Ratios Debt to Equity Ratio 0.07 0.00 0.00 0.00 0.00 0.06 0.00 0.00 0.00 0.00 Debt Ratio 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 35,338,791 Net Present Value (NPV) - 5% Discounted Rate 40,074,720 44,739,571 49,284,679 53,715,224 Pay Back Period At 8 years and 1 months.

14

15

69.99 65.27 21.91 11.51 11.51 21.91

69.99 65.27 22.04 10.84 10.84 22.04

30.01 34.73 0.00

30.01 34.73 0.00

0.00 0.00

0.00 0.00

0.14 0.15 58,036,191 62,252,381

215

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

12.9 Financial Benchmark

Financial Benchmark US$ 80,000,000 70,000,000 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 0

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

Capital

40,475,0 40,475,0 40,475,0 40,475,0 40,475,0 40,475,0 40,475,0 40,475,0 40,475,0 40,475,0 40,475,0 40,475,0 40,475,0 40,475,0 40,475,0

Sales Value

5,736,76 12,429,6 19,074,7 20,028,4 21,029,8 22,081,3 23,185,4 24,344,7 25,561,9 26,840,0 28,182,0 29,591,1 31,070,7 32,624,2 34,255,4

Expenditures

5,317,40 11,504,8 16,181,7 16,788,1 17,430,4 18,110,3 18,829,9 19,577,1 20,353,9 21,176,6 22,131,4 23,192,7 24,307,1 25,477,2 26,705,8

Net Incomes

419,354 924,817 2,892,94 3,240,33 3,599,48 3,970,99 4,355,48 4,767,59 5,208,01 5,663,45 6,050,66 6,398,43 6,763,59 7,147,01 7,549,59

Outstanding Loan 36,000,0 32,500,0 28,500,0 24,500,0 20,500,0 16,500,0 12,000,0 7,000,00 2,000,00

0

0

0

0

0

0

Cash Balance

2,558,35 1,275,67 1,461,11 1,993,95 2,885,93 4,149,43 5,297,41 6,357,51 7,858,03 12,813,9 20,157,1 27,848,0 35,904,1 44,343,6 53,185,7

Equity

1,094,35 2,019,17 4,912,11 8,152,45 11,751,9 15,722,9 20,078,4 24,846,0 30,054,0 35,717,4 41,768,1 48,166,5 54,930,1 62,077,1 69,626,7

Year

Financial Benchmark

216

PANG NARES HEALTH CARE PROJECT BUSINESS PLAN

13.

APPENDIXES -

Pang NARES Caves & Cliff Legal Documents Preliminary Concept Design Competitors

217