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News July - Dec 2003 | Vol.4 News PRESIDENT’S MESSAGE "Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but rather we have those because we IN THIS ISSUE have acted rightly. We are what we repeatedly do. Excellence, then, is not an President’s Message 1 act but a habit."- Aristotle True to our one time slogan and all-time mantra, "In Search of Excellence While Growing", CG Automobiles Keeping The Country on we have always been obsessed with excellence, sprouted from the conviction to bring Move and in Top Gear 2 world-class products and services into the Nepali society. One of the prime objectives behind the Group's recent foray into the tobacco business is nothing, but to bring the CG Finco world-class cigarettes to the people. Followed by the launch of Pine Lights, we have Bags RBB and KBL as its Sub Agents 4 introduced Pine Gold into the Kathmandu market during November 2003 and was Chaudhary Education Foundation accepted for its superior quality and flavour. Commitment to the Society Continues 6 The New Year is going to be more promising as we launched the potato chips into the Wai Wai Master Nepal domestic market with plans for exports, again first of its kind. The Group's foray into the The first of its kind 7 industry marks the entry of the first domestic player to enter the market occupied by both imported products as well as from the unorganized sectors, promising the quality, which Sahitya Kala Academy Awards - 2060 8 will be next to none. CG Guides Its Another landmark of the period is the Group's entry into $5 million bio-products markets in Executives Into Dianetics 10 association with the UK based Biosys Ltd. The issue also carries a few highlights on our After Lights, it is Gold social commitment as well. As a responsible corporate citizen we have always been Golden Times Ahead 11 extending our humble supports from education to healthcare and from art to literature. The agreement with the Kathmandu University instituting scholarships for the engineering CG Bags the Best Exporters Award for graduates and the annual award ceremony by Sri Lunkaran Das - Ganga Devi Chaudhary Noodles, Snack Foods and Soft Drinks 12 Academy for Art and Culture have all been accepted as nothing less than responsibilities. Launches 13 Regards, CG Enters into Bio Products Sector 14 History Revisited Ganga Devi Chaudhary Udyog Gram 15 Binod K. Chaudhary President & Managing Director Moments 1 Cover Story Cover Story CG AUT OMOBILES Keeping The Country on Move and in Top Gear In an era when the voice of the customer is tapped and converted into a deliverable product or service, the region's automobile industry has arrived in the truest sense. With the strong customer base in Nepal and the emergence of several global players in the market, the competi- tion is just about price and the best of service. Providing technologically If the very entry of Suzuki Motors, Japan to India (Maruti vibrant, terrain-friendly, Udyog Ltd in collaboration with the Government of India) has cost-effective, high quality revolutionized the whole industry in the country, it is the sole roadmap. With the authorized service centers seeks newer avenues for growth in the quest to vehicles, the Chaudhary dealership of the same brand, which has done the job for for both Maruti and Suzuki vehicles, the address the needs of the nation, better. Group scores above others the Himalayan Kingdom. Arun Intercontinental Traders (AIT), division also caters to the requirement of by assuring easily acces- The group intends to enhance its presence in the holding company of the Group's automobile division was genuine spare parts from their parent sible spares and good the field of petroleum downstream marketing. established way back in April 1980 with the exclusive companies with mobile service facility. servicing facilities. Right now Nepal's energy consumption is dealership of Suzuki Motors, Japan. As the focus of the new-age customer steadily meager in comparison to its neighbours. But as Ranging from the sole distribution of power-packed, new shifts to the green mode, the Group is projected by the analysts, the demand for generation of cars and pick-up vehicles from Maruti, India continually geared with a host of the latest eco- commercial energy will increase at a rapid and Suzuki, Japan, slim line two-wheelers from TVS Motors, friendly vehicles released by its partner rate in the future. India (formerly TVS Suzuki Motors) trucks, buses, tankers, organizations abroad. Keeping the country on Chaudhary Group is also the foremost business tippers and troop carriers from Ashok Leyland to Gulf brand move and in top gear, this division constantly and industrial house with expertise in petroleum of lubricants and Mico Bosch sparkplugs, the Group's and allied produsts with adequate infrastruc- automobile division has been actively serving Nepal's ture. ABB Investments Pvt. Ltd., established by growing transportation needs. Chaudhary Group and its associate has Providing technologically vibrant, terrain-friendly, cost- acquired the management share of the Nepal effective, high quality vehicles, the Chaudhary Group scores Lube Oil Ltd (promoted by Nepal Oil Corpora- above others by assuring easily accessible spares and good tion - and HMG/Nepal enterprise), under the servicing facilities. With fully equipped workshops and the liberalization policy of HMG/Nepal effective assurance of the after sales service facilities, the automobile 1991, culminating the privatization of the division has made a mark for itself on the nation's corporate Nepal Lube Oil Ltd. in 1994. 2 3 Feature Article Feature Article CG Finco The entry of CG Finco into Bags RBB, KBL and SCBPC as its Sub Agents the money transfer business (a total of Rs 75 billion is being remitted annually in Nepal), which is laid on a very strong management philosophy of creating value both for the customer and for the nation, coupled with its Another salient feature and innovative step of the whole set up proven marketing strate- is taking the business to the nook and corners of the country, gies, careful research and which has been earlier restricted within the Valley. To effectively intelligent planning is a execute the same, the Group has entered into an agreement with Rashtriya Banijya Bank, one of the oldest banks in the clear step in revolutioniz- country with the maximum number of branches, Kumari Bank ing the money transfer Limited and Standard Chartered Bank and bagged them as the business of the land sub agents for CG Finco. locked kingdom. The agreement was signed between Mr. Nirvana Chaudhary, CEO CG Finco and Mr. Bruce F. Henderson, CEO Rastriya Banijya Bank at RBB Office in Kathmandu on September 17, The visualization of Chaudhary Group to bring in quality The visualization of Chaudhary Group to bring in quality 2003. As per the agreement, the money transfer business and reliable services in the financial sector has led to its and reliable services in the financial sector has led to its would start from the forty four branches of RBB located all over foray into commercial banking, insurance, merchant banking and money transfer under foray into commercial banking, insurance, merchant banking and money transfer under Nepal with the provision to add to the number in the future. its holding company CG Finco. its holding company CG Finco. Speaking on the occasion Nirvana Chaudhary said "The motivation behind getting RBB as CG Finco's sub agent is due With substantial share in Nabil Bank Ltd., United The entry of CG Finco into the money transfer to the wide network, reliability, public credibility and the Finance Ltd., and United Insurance Company business (a total of Rs 75 billion is being remitted efficient management". (Nepal) Ltd, the Group recently made a quantum annually in Nepal), which is laid on a very leap in the money remittance business with its strong management philosophy of creating value Earlier CG Finco has bagged Kumari Bank Ltd, a leading agreement with Western Union Money Transfer both for the customer and for the nation, coupled private sector bank September 16, 2003 as its sub agent Inc., the world's largest money remittance with its proven marketing strategies, careful through an agreement on ...... signed between Mr. Nirvana company and a subsidiary of fortune 500 US research and intelligent planning is a clear step Chaudhary and Mrs. Vidhushi Rana, Manager. based First Data Corporation as its principal in revolutionizing the money transfer business of agent for the whole of Nepal. Within a short the land locked kingdom. With millions of Simply CG Finco has entered into an agreement with the span of five months, CG Finco could take the Nepalese spread across mainly the Middle East leading informational Bank. Standard Chartered Bank through total number of outlets into 150 with the 24-hour and South East Asia, all the NRNs (Non Resident an agreement signed between Mr. Nirvana Chaudhary and Mr. customer service center right at the heart of the Nepali) will find a welcome in how they send the Sujit Mundal the CEO of standard Chartered Bank of Nepal on Capital for the whole of Nepal. money to their dear ones at home, who largely January 06, 2004 to deliver remittanees through its all their depended on Bank DD and other illegal branches in Kathmandu and Pokhara. 4 measures like hundi. Feature Article News CHAUDHARY EDUCATION FOUNDATION WAI WAI MASTER NEP AL Commitment to the Society Continues The first of its kind When one does an act of goodness for others with the purest of intentions, one lets its essence trickle out of oneself creating a stream with an endless source.

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