Friday, January 31, 2020
Explain Christian views on suicide Essay Example for Free
Explain Christian views on suicide Essay In a broad sense suicide can be defined as, ââ¬Å"the act of intentionally ending your life.â⬠However, there are many different types of suicide. Durkheim identified four kinds: egoistic suicide, which is the result of feeling oneââ¬â¢s life is meaningless; altruistic suicide, the act of giving oneââ¬â¢s life for the greater good; anomic suicide, the result of a major social change that disrupts a personââ¬â¢s sense of order; and fatalistic suicide, the results of excessive regulation, when oneââ¬â¢s future is pitilessly blocked by oppressive discipline, such as in a prison or dictatorship. Christians believe that all life is sacred, and therefore the vast majority of denominations are against all forms of suicide. In examining the reasons behind this, a good place to start is the Christian teaching on the sacredness of human life. Christians believe in the sanctity of life, meaning that all human life is created in Godââ¬â¢s image and has intrinsic worth. The Decalogue teaches, ââ¬Å"Do not kill.â⬠This includes killing oneself. Elsewhere in the Old Testament, Ecclesiastes 7:17 states, ââ¬Å"Be not over much wicked, neither be you foolish: why should you die before your time?â⬠Prematurely ending your life prevents the believer from serving God to his full potential. This idea is backed up in the New Testament, where the Apostle Paul writes in 1 Corinthians 3:16, ââ¬Å"Know you not that you are the temple of God, and that the Spirit of God dwells in you?â⬠Christians reject the idea of total bodily autonomy, meaning that they do not believe we have the right to do whatever we want with our bodies. The Bible suggests that our bodies are not our own, but Godââ¬â¢s, and therefore we do not have the right to destroy them. Historical church fathers have held consistently negative views on suicide. Augustine was one of the first to publically speak out against it. He opposed it because we have a duty of selfà ¢care arising from natural inclination and we have a debt of love that we owe to others. In The City of God he wrote, ââ¬Å"certainly he who kills himself is a homicide, and so much guiltier of his own death, as he was more innocent of that offence for which he doomed himself to die.â⬠To take oneââ¬â¢s own life into oneââ¬â¢s hands and act precipitously by committing suicide is to look away from God (a final and definitive refusal of trust in God and a denial of trust in his providence, by the very nature of the act itself excluding any subsequent repentance/penance). Furthermore, Aquinas was also against suicide. In Summa Theologica he set forth three reasons why suicide is immoral. Firstly, it is contrary to natural law. Secondly, suicide does injury to the common good because the personââ¬â¢s community will suffer. Thirdly, it is a sin against God because life is Godââ¬â¢s gift to man. For it belongs to God alone to pronounce sentence of death and life, according to Deuteronomy 32:39, ââ¬Å"I will kill and I will make to live.â⬠However, there is one form of suicide that some Christians would accept, and that is altruistic suicide in the form of martyrdom or self-sacrifice. Jesus taught that, ââ¬Å"Greater love has no-one than this, that he lay down his life for his friends.â⬠For example, in Judges Samson brings down a temple killing both himself and the Philistines. Augustine said that suicide was rooted in pride and lack of charity, whereas martyrdom is commendable and for the good of others. The different Christian denominations are generally unified when it comes to views on suicide. In the Roman Catholic Church it is regarded as a mortal sin, and the Catechism asserts, Everyone is responsible for his life before God who has given it to him. It is God who remains the sovereign Master of life.â⬠The Presbyterian Church would hold a similar view, as the Westminster Confession reads, ââ¬Å"The sins forbidden in the sixth commandment are, all taking away the life of ourselves, or of others, except in the case of public justice, lawful war, or necessary defence.â⬠Even though they clearly teach that suicide is a sin, it is not an unpardonable sin. Salvation is by grace alone and if one is truly saved, nothing (not even suicide) can separate them from Jesus. The United Methodist Church believes that suicide is not the way life should end, but would be hesitant to label it a sin. Therefore, they denounce the condemnation of people who commit suicide, and do not believe surviving family should be stigmatised. Modern psychology has impacted the Christian view of suicide. In the past Christians were guilty of separating physical and mental illness and although they were in support of treatment for physical ailments, they were wary of psychiatric treatment. Even today some fundamentalist churches would see illnesses such as depression as purely spiritual afflictions. In the wake of high profile suicides such as Rick Warrenââ¬â¢s son Matthew, most leaders are encouraging the Church to acknowledge that matters of depression and suicide are medical in nature and should be addressed no differently than other physical illnesses. They imply that to do otherwise promotes stigma, shame and restricts the believerââ¬â¢s access to appropriate care. Another reason why Christians are against suicide is the profound negative effect it can have on other people. Suicide does not just harm the person who dies, it is a form of bereavement even more devastating than usual because the family will forever agonise over what led the person to take their life, and if they could have prevented it. This is especially so if the family discover the body or witness the suicide. Suicide can damage close communities such as schools and churches. Wyatt said that, ââ¬Å"suicide can have devastating effects on others. In fact, it can be one of the most selfish and destructive acts anyone can perform.ââ¬
Wednesday, January 22, 2020
Egyptian Art Essay -- essays research papers
Egyptian Art was once considered to be unchanged, when viewing this art as a whole. Egyptian Art seems to be repetitive pattern of images and ideas. Yet all of these images are uniquely different. Ranging from 3000b.c to 50b.c. Taking the same principles through out the entire period. Which consists of Old, Middle and New Kingdoms. Each dynasty had a different addition to the basic concepts that were established in the beginning, ideas of the artist grew faster and better. Many cultures shared from the influence of Egyptian Art. Even if it was not copied, their artwork was either compared or contrasted with that of the Greeks, Romans, Summerians, Assyrians and Persians. All in one way or another form have come in contact with Egyptian Art. à à à à à Art is different variations of expression, either self-expression or cultural. From painting, sculpture, architecture, to funeral preparations to pottery. Art is also a form of communication. Communicating ideas theories or even history. Expressing ideas that cannot be done with words. To take something that is thought to be intangible and shape and mold it into something that can be seen or touched. One culture takes another cultureââ¬â¢s work and either copies or changes it, to fit into their views and principles. Sometimes the artwork can be viewed differently between two cultures. Yet they can have the same purpose. For example Mycenaean tomb was compared to the tombs of the New and Middle Kingdom. The tombs w...
Tuesday, January 14, 2020
Frederick Herzberg came up with his finding
Frederick Herzberg came up with his findings on satisfaction, which he published in his book ââ¬Å"The Motivation to Work,â⬠in 1959 (NetMBA [no date]). He conducted series of interviews where ââ¬Å"employees were asked what pleased and displeased them about their workâ⬠(NetMBA [no date]). After analyzing the gathered data, he came up with the six top factors in the work environment that cause dissatisfaction, or the hygiene factors, and the top six factors that cause satisfaction, or the motivation factors.When the following factors are absent, there is dissatisfaction: (a) Company policy, (b) Supervision, (c) Relationship with Boss, (d) Work Conditions, (e) Salary, and (f) Relationship with peers (NetMBA [no date]). However, it is to be noted that the presence or maintenance of these factors does not necessarily mean satisfaction but would only mean that there is no dissatisfaction (NetMBA [no date]). If supervision will be maintained at the minimum level, it does not necessarily mean that the employee will gain satisfaction in his job. Furthermore, it could be noticed that these factors are external to the job itself and to the worker. These are things which are dependent on a lot of other things aside from the worker and the job.The factors that lead to satisfaction are as follows: (a) Achievement, (b) Recognition, (c) Work itself, (d) Responsibility, (e) Advancement, and (f) Growth (NetMBA [no date]). Similar to the factors that lead to dissatisfaction, the absence of one of these six factors does not necessarily lead to dissatisfaction but would only mean that there is no satisfaction felt.It is to be noted that Herzberg does not meant these two sets of factors to be of the opposite poles but he meant it to live on two different sticks. It is best to make an illustration of this for better understanding.Here, it is easy to pinpoint what happens when the two set of factors are present and absent or maintained and not maintained. Reading the se cond column downwards, motivating factors bring satisfaction when these are present. With their absence, no satisfaction is felt but this does not necessarily mean that the employee is dissatisfied. On the third column, when the hygiene factors are not maintained to a desired level or are absent, this leads to dissatisfaction. Their presence or maintenance, on the other hand, would bring no dissatisfaction but does not necessarily mean that satisfaction is achieved.Somehow, it gives much sense that this theory provides certain implications for management of human resources. This theory pinpoints how the level of confidence or satisfaction of employees can be boosted or how their morale, for that matter, can be placed at a higher level. The human resources manager, aided with this theory, may at the very least, be able to identify soft spots where improvements could be made for the employees to feel satisfied with their jobs.The sets of factors mentioned above could be a starting poi nt for bringing in satisfaction and for boosting the morale of the employees. More specifically, the manager could concentrate on addressing the hygiene factors and keeping it at a level that leaves no dissatisfaction for the employees and raising up the motivation factors to bring in satisfaction. This way, it could also be a precursor for higher levels of morale for the employees.Further, Herzberg did not leave the study without strategies for bringing in the much-desired satisfaction for employees. One of his suggestions was job enlargement for employees. Job enlargement, in human resource management, may be taken as the horizontal expansion of a certain job. For example, a secretary who has the job duties of answering phone calls and making appointments to clients may be given a new task of organizing the incoming and outgoing files. Giving more tasks of the same nature and would fit the job title would fall under the category of job enlargement. It is like adding more chocolate to the chocolate. This is not the same as job enrichment, which is adding the almonds and fruits to the chocolate.To this, the technique that leads to job satisfaction can be identified and is through the combination of high hygiene and high motivation (Anon. [no date]). This means eliminating the causes of dissatisfaction to a point where there is ââ¬Å"no dissatisfactionâ⬠felt by the employees (Anon. [no date]). Subsequently, the company can inject the motivation factors to lead the people to become highly-motivated employees (Anon. [no date]).The two-factor theory of job satisfaction may have took off from and have similarities with the Hierarchy of Needs by Abraham Maslow as it also pertains to (a) physiological, (b) security and safety, (c) love and feelings of belonging, (d) competence, prestige, and esteem, (e) self-fulfillment, and (f) curiosity and the need to understand (Anon. 2005).This theory does not escape the criticisms because there are loopholes or gaps that are left unfilled. This theory does not take into consideration the fact that people may not consider the same set of hygiene and motivation factors because they might have different needs and achievements. Moreover, it does not take into consideration the nature of corporations because the motivation factors can not be introduced such as the call centers where the hierarchy is vey flat and job enlargement is not very much possible because of the high division of labor.ReferencesAnonymous. (no date). Two Factor Theory ââ¬â Herzberg, Frederick. Available from: http://www.valuebasedmanagement.net/methods_herzberg_two_factor_theory.html [Accessed 29 December 2007].Anonymous. 2005. Motivation. Microsoftà ® Encartaà ® 2006 [CD]. Redmond, WA: Microsoft Corporation. [Accessed 29 December 2007].NetMBA. (no date). Herzbergââ¬â¢s Motivation-Hygiene Theory (Two Factor Theory). Available from: http://www.netmba.com/mgmt/ob/motivation/herzberg/ [Accessed: 29 December 2007].
Monday, January 6, 2020
Edgar Allan Poe s The Raven - 1464 Words
ââ¬Å"Sometimes Iââ¬â¢m terrified of my heart; of itââ¬â¢s constant hunger for whatever it is it wants. The way it stops and startsâ⬠Edgar Allan Poe one of America s best known poet, and author who became mad in the sense of insanity after his wife Virginia died of Tuberculous. This made Poe spiral into a deep depression which he wouldnââ¬â¢t be able to get himself out of because of the loss of his beloved Virginia. Poe had a very difficult, strange life, and a writing style like no one had ever seen before and that is what led him to be one of Americaââ¬â¢s most famous poets, and author. ââ¬Å"The Ravenâ⬠is what made Poe the well known poet that he is today, and is considered the best poem he wrote. ââ¬Å"With his short stories and poems, Edgar Allan Poe captured the imagination and interest around the worldâ⬠(biography.com) Poe had a lot of talents and it led to the beginning of different literary genres, that gave him the nickname ââ¬Å"Father of the Detective Storyâ⬠. (Biography.com) Poeââ¬â¢s father left family early in his life and his mother passed away when poe was three. Poe was adopted by John and Frances Allan, who were successful tobacco merchants. Poe and Frances had a bond but he never really had the same bond Poe had with John. There was also a issue with money between John and Poe. Poeââ¬â¢s parents sent him to the University of Virginia in 1826, but he did not receive enough money from John for Poe to continue going to the University because of poeââ¬â¢s excessive gambling. When this happened PoeShow MoreRelatedEdgar Allan Poe s The Raven944 Words à |à 4 Pagesto display the evils of humanity. Edgar Allan Poe, American Gothic poet, often wrote unsettling and dark poetry marrying the natural and supernatural in order to demonstrate difficult to grasp human emotions such as grief or depression. Poeââ¬â¢s The Raven is a powerful, yet dark piece of poetry that utilizes rhyme, meter, and symbolism to entertain fans of Gothic literature and completely pull them into the drama of the piece. In the opening stanzas of The Raven, Poe establishes the tone of the poemRead MoreEdgar Allan Poe s The Raven2149 Words à |à 9 PagesEdgar Allan Poe is considered one of the greatest literary writers, but he was highly under-appreciated during his time, Poe was constantly looked down upon and suffered a bad reputation due to rumors created by authors who disliked him. Poe was seen as arrogant, mad, and a melancholy man who had no friends and spent his time drinking and using drugs. Poe s success came when The Raven was published in 1845, ââ¬Å"â⬠¦though it made Poe popular in his day, it did not bring him significant financial successRead MoreEdgar Allan Poe s The Raven Essay1642 Words à |à 7 PagesAn Analysis of Edgar Allan Poeââ¬â¢s The Raven Death. A strong topic, frequently but solemnly discussed. However, when I read Edgar Allan Poeââ¬â¢s ââ¬Å"The Ravenâ⬠, I was immediately captivated by the new angle brought to my attention regarding death. While the topic of death is usually associated with either sympathy or horror, Poe succeeded in portraying a feeling caught between the two; and at the same time bringing forth new feelings I would never thought to consider regarding death. These feelings reflectRead MoreEdgar Allan Poe s The Raven2600 Words à |à 11 Pagesone of the world s most difficult forms of art. Many poets live throughout their lives and are never recognized for their achievements in their community. Edgar Allan Poe is one of the world s most renowned poets and wrote mainly in the form of poets and short stories. Some of Poe s most renown poems include The Raven, Annabel Lee. The poem The Raven deals with problems such as insanity and grief and the poem Annabel Lee deals with problems of grief a nd young love. Edgar Allan Poe wrote a lot aboutRead MoreAnalysis Of Edgar Allan Poe s The Raven 1602 Words à |à 7 PagesJadon Vanderslice. Ms. Glass English 1213 5 February 2017 Poe Edgar Allan Poe, arguably one of the best poets ever, has wrote many great and deep-meaning poems, such as ââ¬Å"Annabel Lee,â⬠and ââ¬Å"Dream Within a Dream.â⬠Both putting off a rather dark image and goth-like elements, a way of writing Poe loved best. Mostly known for ââ¬Å"The Ravenâ⬠, Poeââ¬â¢s Poems all have real deep and mysterious meanings that make people think a bit more to figure it out. The way he expressed terror, the suspense, the heighteningRead MoreAnalysis Of Edgar Allan Poe s The Raven1232 Words à |à 5 Pages Edgar Allan Poe: The Raven Literature is a very powerful tool that is used to make a huge impact on society or in someoneââ¬â¢s perspective. As complex as the world, literature can appear in many forms using unique vernacular that expresses human endeavors. In some cases, social reform is Transcendentalism is an American literary, philosophical movement, promoting the idea of independent progress. The central idea is the optimistic viewpoint of humanity. People, men and women equally, have knowledgeRead MoreAn Analysis Of Edgar Allan Poe s The Raven1954 Words à |à 8 Pagesauthors, Edgar Allan Poe, Anne Bradstreet, and Emily Dickinson, had poems in which they explored the common theme of death. Their unique views on death, as reflected in their poems, tells us of the different ways people looked at death during their respective times. In this essay, I will explore and explain three poems of Edgar Allan Poe, and one from Anne Bradstreet and Emily Dickinson respectively, and then compare the differences between the three authors. In Edgar Allan Poeââ¬â¢s The Raven, he usesRead MoreEdgar Allan Poe s The Raven788 Words à |à 4 Pages Edgar Allan Poe is one of the most successful writers of all time. Twelve of Poeââ¬â¢s works are known for their literary construction. The Raven by Edgar Allan Poe is one of the most famous poems in history and was first published in 1845. This is a poem that many readers may describe as dark, twisted, and even scary can be oddly moving and eye catching. What were the meanings in his masterpiece, and what did Poe want his readers to understand? Poeââ¬â¢s literary work The Raven shows literary elementsRead MoreEdgar Allan Poe s The Raven1366 Words à |à 6 PagesThe series of unfortunate events that Edgar Allan Poe experienced in his lifetime are what influenced his writing. His poetry heavily reflects the built-up emotions that he carried within himself. He repeatedly dealt with loss, rejection, and poverty throughout his entire life. When his wife, Virginia, was deat hly ill, Poe wrote his poem, ââ¬Å"The Ravenâ⬠, in which the reader can observe the speaker slowly fall into madness while grieving the death of his love, similar to Poeââ¬â¢s own experiences. Poeââ¬â¢sRead MoreEdgar Allan Poe s The Raven And The Black Cat1225 Words à |à 5 Pagesthe father of the modern horror story, Edgar Allan Poe was previously viewed as a drunken failure. Within Poeââ¬â¢s writings much of his own life riddled with guilt, anxiety, alcohol, depression and death shines through resulting in works that appear unrelated yet once dissected prove similar. This is true for Poeââ¬â¢s works ââ¬Å"The Ravenâ⬠and ââ¬Å"The Black Catâ⬠. Poeââ¬â¢s examples of gothic fiction share the use of the color black and a rapid digression of the narrator s sanity while seemingly unveiling Poeââ¬â¢s internal
Sunday, December 29, 2019
Reflection Paper - 989 Words
Reflection Paper PCN 500 July 26, 2010 Lynn Lunceford, Psy.D. Holly Willis A counseling theory has certain qualities, such as clear operational definitions so that it can be tested further. To be most useful, a counseling theory should be parsimonious yet comprehensive enough to include known related empirical findings. It should stimulate new discoveries and predict events deductively within its purview and preview. A counseling theory also should serve an organizing and explaining function for observed events. Ones theory should help them to simplify observations and to focus an observers attention along specific dimensions. A counseling theory, then, is a collection of assumptions, interpretations, and hypotheses whichâ⬠¦show more contentâ⬠¦This idea is expressed sometimes as focusing on the purpose, the reason, or the why rather than on the methods, tools, or the how of their work. Then, I can learn to appreciate, for example, that just listening is not enough to accomplish my goals with a client and that under certain circumstances listen ing may work against the mutual interest. We must know why listening is important under certain circumstances. A systematic experience with counseling theory can give a counselor a frame of reference for thinking about their self and their client. Even though I may not learn one theory thoroughly, or even develop a system of my own, I can acquire a vocabulary which I can use to communicate with others while in training. A study of personality and learning theory, furthermore, should give me as a counselor, new directions and incentives for personal growth through pointing out fresh viewpoints from my observations about counseling. When speaking about counseling theory, this opinion refers to the impressions of variety of personality theories. For counseling theories to work and for me to be nurtured in assessments, I must always focus rather than become specifically delineated in behavioral events, such as cognition traits, and have motivation. A study of counseling theory can hardly avoid emphasizing different ways of perceiving the same behavior in all clientele. Numerous opportunities present themselves forShow MoreRelatedReflection Paper1317 Words à |à 6 Pagesused to struggle with forming my thoughts into writing, let alone a paper. I was never confident with what I wrote. My writing had no greater purpose other than the assignment. My writing process included: writing my paper, proofreading it, and turning it in. Once the paper left my hands, it also left my mind. Throughout this course we worked with others, visited the writing lab, wrote critiques, and we were able to revise our papers. I believe that all of this is has caused me to grow greatly as aRead MoreReflection Paper836 Words à |à 4 Pagesand integrating quotes. Before my papers were full of ââ¬Å"she saidâ⬠and ââ¬Å"she would sayâ⬠; which was boring and showed poor ability to lengthen my word choice. I also had a tendency to just throw q uotes in and not integrate it into my writings. By the end of my English 101 class my papers began to present with words like ââ¬Å"the author notedâ⬠, or ââ¬Å"she statedâ⬠along with many other word choices and proper ways of using quotes. Here is an example from my final research paper: ââ¬Å"Author Stephanie Jackson, a certifiedRead MoreNursing Reflection Paper858 Words à |à 4 Pagesremainder of this reflection. I met Betty about eight years ago, as I was a close friend of her brother. Although her brother and I grew apart, I would still occasionally see Betty around. Never did I think that I would ever see her on the unit in which I was working, but a few weeks ago, this idea changed. When I arrived back to the nurseââ¬â¢s station after checking on each of my patients, I saw that my co-caring nurse was getting an admission. I looked down at the sheets of paper he had in front ofRead MoreReflection Paper On The Humanities Field1071 Words à |à 5 Pages Over the course of this semester each paper that was written helped to introduce me and my fellow classmates to different formatting, and genres of writing. A lot of knowledge was gained from writing these papers and I was able to compare and contrast the disciplinary writings and notice what makes each of them stand out. Reflecting back on these individual papers helps to express what I have learned. The first paper that was written was the humanities essay. The humanities essay helped to provideRead MorePersonal Reflection Paper On English1015 Words à |à 5 Pages Reflection Paper English has never been my strong suit. I always hated English simply, because I never concerned myself as a writer. I always stuck to the bare minimum and was pleased to know that I passed. I honestly never tried hard in English because I never felt good enough. I did not see myself as a confident writer and I am not sure I ever will. Since, being enrolled in English 201, it supplied some challenges that I was not ready for and felt unsuited for. Along the way, I learnRead MoreReflection Paper Boat Design839 Words à |à 4 Pages When assigned a project that involved building our very own boat, each boat design was created with inspiration from things in our own lives. My design was inspired by my interest in the origami paper boat and rafts. A flaw in this design was that, making the boat like a raft included the use of straws in which was a material not available for this project. Other designs included one of a boat from Isis Greenââ¬â¢s favorite movie Pirates of the Caribbean, a design from a fantasy summer place imaginedRead MoreReflection Paper On Writing And Writing1085 Words à |à 5 PagesThe content of my paper was typically not the issue, the organization of the ideas was. I always had good ideas to write about, but I never knew how to organize those thoughts into a well-organized paper. Although in Writing 101, I used the multiple steps of the writing process to insert my ideas into a well-written paper, I continued to struggle in areas such as grammar and mechanics. In Writ 102, I was able t o realize that the writing process develops over time, and the best papers result from revisionRead MoreReflection Paper : Barbie Q By Sandra Cisneros938 Words à |à 4 Pagesexploration paper, the reading and writing paper, the annotated bibliography, and the academic research paper. The semester began with basic lessons on general writing rules during class and progressed into a much more complex course, including lessons on expansion and development of evidence and supporting details, as well as the argument of the paper as a whole. Although each assignment taught something new, each built onto the last and helped transition my progress through each paper. The firstRead MoreReflection Paper On Reflection1076 Words à |à 5 Pagesknew how to write short story analysis papers, or your run-of-the-mill story reflection. After hearing I would have wrote a total of 5000 words minimum, I was left flabbergasted. Nevertheless, the challenges faced when writing these papers gave me an abundant amount of knowledge in transitional word use, and finally becoming comfortable with the drafting process. When writing my papers, however, I still would like to increase my ability to structure my papers with more confidence. Before this periodRead MoreReflections Paper1552 Words à |à 7 PagesComfort and Gods Glory Ray Kirby Liberty University In the decision to discuss two topics included within this reflection paper I have been led to discuss two doctrines that are close to all Christians. The comfort of God and the glory of God are the two doctrines that I have focused on over the last several weeks. The comfort of God has touched me at times over the course of my life however, never as much as it has over the last year. I wish to praise the glory of God as directed within
Saturday, December 21, 2019
The United States Of The British Empire - 941 Words
The thirteen colonies that were joined together to form the United States of America were a part of the British Empire. They were the product of an expansion of England. During the New World Britain had close to two dozen colonies. This was driven by religion, nationalism, and economics. The Roanoke colony of 1585, was intended to serve as a base that would undermine the Catholic empire that Spain had set-up in America and advance the interests of England. Instead of following other overseas expansion of other powerful European nations such as Spain and France, English colonization wasnââ¬â¢t the result of the government. Instead, the Crown granted authorized charters overseas to individuals and groups. In 1664, an English expedition seized the Dutch colony of New Netherland which the English divided into New York and New Jersey. Instead of following the Indians, who set up socially into groups of tribes to make it easier for travel and control purposes, the English set up into colonies. Colonial charters specified the land that a group had the right to settle. The English government, dismissed the rights of the Native Americans that already inhabited the land and claimed it as the Christian discovery. The charters granted authorized the creation of colonial governments. They had considerable freedom but were subject to some conditions, such as a provision that they not pass any legislation which violated English law. The three types of charters are categorized as proprietary,Show MoreRelatedThe War of 1812: A Report702 Words à |à 3 Pageswas a conflict between the United States, who had only achieved independence from their British oppressors less than 40 years before, and the British Empire, including Canada. The conflict between the United States and the British Empire lasted approximately two years and eight months. There are many factors that led to the United States declaring war on the British Empire including trade restrictions that were put in place because of the conflict between the British Empire and France, impressment ofRead MoreThe Fall Of The Second British Empire1702 Words à |à 7 PagesThe Second British Empire was once so large it was said that ââ¬Å"The sun never sets on the British Empireâ⬠. The Second British Empire refers to British rule after 1783. Following World War I, the Empire was at its most powerful; the territories it held were almost one fourth of the earthââ¬â¢s surface, which consisted of 25 percent of the worldââ¬â¢s population; approximately 448 million people (Dolan 1-2). However, following World War II to the late 20th century, the empireââ¬â¢s holdings had been severely dismantledRead MoreWhat Were the Main Causes of British Decolonization After World War Two?1791 Words à |à 7 Pages5 million people under British rule outsid e of the United Kingdom. Today, the British Empire only consists of minute islands spread around the globe. Great Britain was on the winning side with both the United States and the Soviet Union, but it came out of World War 2 as a sick old man. Therefore, Great Britainââ¬â¢s empire began to crumble beneath its very own eyes. It seems irrational to think that a winning power would lose its empire, so what were the main causes for British decolonization? The firstRead MoreThe Rise Of The Modern American Empire934 Words à |à 4 Pagesthe rise of the modern American empire. Which factors are the most significant and why? How does American hegemony compare to that of the British Empire, which preceded it? American control affected the ascent of the United States as the chief cash based superpower on the planet. American control won toward the end of/conclusive feeling of WWII. Cash based power and (firm and unfaltering nature/enduring nature/quality) were the foundation of the United States, and in that capacity, turned intoRead MoreImperialism And Its Impact On Society Essay1425 Words à |à 6 Pagescan be regarded as a powerful empire, as they live among other preys fighting for supremacy. In History it has been said that ââ¬Å"A nation that did not expand would not surviveâ⬠(American Passages, 529). Imperialism is a prime example of a group of prey fighting for sovereignty, within this land we come across the lions, otherwise known as the nations who control the prey and victimize them to gain complete dominance. Nations such as Japan, United Kingdome, United States, Germany and France were allRead MoreThe British Empire : A Successful And Powerful Country1089 Words à |à 5 PagesThe British Empire used to be referred to as the empire in which the sun never set. Although it isn t as powerful as it used to be, it still left a large influence on most of the world. Unlike The Spanish Empire which failed to maintain its control the English empire managed to keep control of the globe. By 1921 The English Empire managed to have a total population of 470-570 million people under its empire. The British Empire has been tracked back to originate in the middle Ages. The empire madeRead MoreEssay on The Rise of the American Empire1639 Words à |à 7 Pagesboth internationally and domestically. Internationally, The sun finally began to set over the British Empire with the majority of her majesties colonial possessions gaining independence in the years following the war. Britainââ¬â¢s stage left exit from its hegemonic role resulted in the start of a new ââ¬Å"Great Gameâ⬠between two burgeoning superpowers. A new world order began to take shape with the United States and USSR vying to establish their own hegemony. Aside from causing a major shift in geopoliticalRead MoreImpact Of The American Revolution On The United States Of America1262 Words à |à 6 PagesThe United States revolution is one of the most important revolutions to occur in history because it can be seen as the most significant revolution to transpire in modern time. This can be shown through the role that the revolution had in creating the country that we know today. Why was it that the American Revolution occurs, was it for independence or was it based on something else? In the American Revolution there were many leaders who aided in creating the United States, who were they and whatRead MoreDeclining and Growing Powers and Empires in Europe and the Rise of United States of America1454 Words à |à 6 PagesDeclining and Growing Powers and Empires in Europe and the Rise of United States of America The structure of the international system differed in 1914 from that off 1880 because there was a major shift of power in Europe between Great Britain and Germany. Germany was challenging Great Britains power outright while the United States was indirectly challenging Britain on an economic scale. This essay will demonstrate how a countrys geography directly influences its economicRead MoreThe Fall Of Singapore And The Malaya Campaign1420 Words à |à 6 Pagesfall of Singapore, the bombing of Pearl Harbour and the stretched resources of Britain, led to Australia developing a more independent foreign policy however, independent of Britain. The changing of alliance between Britain, Australia and the United States of America has led to a substantial impact on shaping Australian society and where Australia are today. The fall of Singapore and the Malaya campaign brought the war extremely close to Australia even reaching Australian soil for the first time
Friday, December 13, 2019
Amusement Park Industry Free Essays
string(29) " part of the tourism effort\." 22nd May, 2010 INDIAN AMUSEMENT PARKS INDUSTRY Highlights SECTORAL REPORT â⬠¢ The amusement industry in India is at a growing stage currently with more and more developments happening in this industry all across the country. â⬠¢ The size of the Indian Amusement Park business is estimated to be around Rs 4000 crores and is estimated to grow by 10% per cent per annum till 2010. â⬠¢ The amusement and theme park industry is deemed to be worth Rs. We will write a custom essay sample on Amusement Park Industry or any similar topic only for you Order Now 10000 crores in India by 2020. Janaki Rao. U Analyst Equity Research Desk janakirao@firstobjectindia. com Currently for a population of 1. 15 billion in the country, there are only 120 amusement parks and 45 Family Entertainment Centers. This indicates that the growth potential of Indian amusement and theme park industry is substantial. â⬠¢ Global leaders in entertainment parks and attractions like Universal Studios, Disney, Sony and Ripley Entertainment are mulling over investments of billions of dollars in India considering the vast potential in this region. Private equity funds are also aggressively dedicating resources towards this sector. The Indian small and big players in the Amusement Industry are looking at the tremendous growth potential of this industry in the next 5 years. â⬠¢ Growth of Indiaââ¬â¢s retail sector had been the main driving force for the amusement industry in India. â⬠¢ Globally, domestic and international tourists comprise more than 50% of the total footfall at popular amusement parks. â⬠¢ Transport corridors like expressways and the Metro line are bringing an increasing number of people closer to entertainment hubs. The high growth potential of the industry in highly populated India will boost tourism, social infrastructural development as well as employment generation. The success and growth potential of this industry is resulting into the advent of new manufacturers of amusement parksââ¬â¢ rides in India. V. S. R. Sastry Vice President Equity Research Desk 91-22-25276077 vsrsastry@firstcallin diaequity. com Dr. V. V. L. N. Sastry Ph. D. Chief Research Officer drsastry@firstcallindia. com 1 22nd May, 2010 CONTENTS 1. Sector Overview 2. Current Trends 3. Profile of top three Indian Companies 4. SWOT Analysis 5. Conclusion 2 22nd May, 2010 1. Sector Overview Structure Development The amusement and theme park industry in India is about two decades old and it is relatively new when compared to its origin in USA Europe. This industry found its roots in India during mid and late 1980s when a few innovative entrepreneurs took challenge of pioneering few amusement parks in Delhi, Kolkata, Mumbai and Chennai. The growth in this industry started only in the last decade and that happened possibly during the advent of globalization when economic potential of the social capital began to be perceived. A recent market survey research shows that this industry in India is growing at a rapid pace and over 120 amusement parks and water parks are currently in operation in India. Out of them only 15% can be classified in the ââ¬Å"large parksâ⬠category, 30% as medium size parks and balance 55% are small size local parks. Investments to the tune of Rs 10,000 crore are likely to flow into the domestic amusement and leisure sector by 2020 with about 500 new parks are expected to come up across the country. The Rs 4,000-crore Indian amusement and leisure industry expects fresh investment of Rs 10,000 crore by the year 2020. In terms of employment generation, the new parks are likely to create jobs for six crore man-hours per month. It is estimated that the total capital investment made in the amusement and theme park industry in India till date, is more than INR 40 billion (excluding investment on land). The estimated annual revenue generated by this industry is approx INR 20 billion, at present, which is expected to grow to almost three times by the year 2020 at a CAGR of over 11%. 22nd May, 2010 Amusement Parks are recreational facilities that offer a varied range of entertainment options ranging from theme parks to spine chilling roller coaster, 3D theater to giant wheel, in a cluster format. These parks provide one-stop-shop leisure and entertainment solutions for the entire family at one place and are a key source of tourist attraction (domestic and foreign) and revenue generation for the State. The demand for entertainment options such as amusement parks, I-max, shopping malls are rapidly increasing across the Country. The key demand drivers for the segments are rising base of middle class, increasing disposable income, changing lifestyle, cultural shift and increasing emphasis to lead a holistic life with a balance of work and leisure. Tourism- Amusement parks During the last decade domestic tourism had grown @ 14% on an average and currently it is estimated at 527 million. Out of this, the amusement park industry generated only 15 million footfall during last year. Globally, domestic and international tourists comprise more than 50% of the total footfall at popular amusement parks. We can, therefore, expect that there ould be manifold increase in footfall in amusement parks in India as the large parks in India are gradually converting themselves to larger destination parks with additional investments following the foot steps of large global parks. Currently for a population of 1. 1 billion in the country, there are only 120 amusement parks and 45 Family Entertainment Centres. This indicates that the growth potential of Indian amusement and theme park industry is substantial. The high growth potential of the industry in highly populated India will boost tourism, social infrastructural development as well as employment generation. The success and growth potential of this industry is resulting into the advent of new manufacturers of amusement parksââ¬â¢ rides in India. 4 22nd May, 2010 Today, Indian manufacturers can produce international standard quality products at a competitive price for both the domestic and the global market. Both these areas have good potential. Amusement parks have not received their due recognition for their enormous potential as an infrastructural facility for tourism. The amusement industry worldwide is a very significant part of the tourism effort. You read "Amusement Park Industry" in category "Papers" In India, the tourism policy does not address the needs and the potential of the amusement industry. As such, today the amusement industry in India receives no special incentives. Recreation Industry ââ¬â Amusement parks Recreation Industry is currently one of the most exciting sectors in India. The current market for leisure is estimated to cross USD 1 bn in next few years. The leisure industry mainly consist of amusement park, malls family entertainment centers (FECs) and multiplexes. The present consumer base is estimated around 30 million people. At present there are around 200 FECs in the Country and the number is expected to grow to 400 in the next couple of years. Amusement parks contribute nearly 40% of the total leisure industry turnover. Through the years though there is a healthy growth, but at the same time it is burdened by local entertainment tax ranging from 10 to 25 per cent in various states. Further if any imposition of Central Tax like Service Tax will cripple the whole industry. The industry can absorb either of the taxes and not both, he stated. Further he urged to make amusement industry an integral part of tourism and development in India at the Central Government Level. Recreation Industry is currently one of the most exciting sectors in India. The current market for leisure is estimated to cross USD 1 bn in next few years. The leisure industry mainly consist of amusement park, malls family entertainment centers (FECs) and multiplexes. The present consumer base is estimated around 30 million people. 5 22nd May, 2010 At present there are around 200 FECs in the Country and the number is expected to grow to 400 in the next couple of years. Amusement parks contribute nearly 40% of the total leisure industry turnover. Retail- Amusement parks Growth of Indiaââ¬â¢s retail sector had been the main driving force for the amusement industry in India. Famous Ten Amusement parks in India: 1. Veegaland Park Situated at Pallikkara, this state of art Amusement Park is just 14kms away from Kochi/Cochin. Spread over a whooping 24 acres of land, its 7 storey high Vintage Castle and Caterpillar Village give a Fairy Tale atmosphere. The musical Fountains, flower gardens, water pool and water slides add to the attraction of the Veegaland Amusement Park. 6 2nd May, 2010 2. Ocean Park Ocean Park is situated at Gandipet, 20 km. from Hyderabad, in 20 acres of landscaped gardens, an amusement park that you havenââ¬â¢t seen the likes of yet in India. It is one of the first theme parks started in twin-cities and continues to be a great hit especially with children. But it is not the young ones alone who enjoy, even adults can have lots of fun here. It is a family amusement park offering a good mix of fun and thrills for people of all ages with water rideskiddies pool, wave pool, water slides, dry rides- super loop, the 60 feet high ride, bumping cars, slam bomb etc. 7 22nd May, 2010 3. Ramoji Film City Ramoji Film City is the ultimate leisure destination for holidays, honeymooners, corporate conferences, events, theme parties, adventure camps, family picnics and grand weddings. this world s largest integrated film studio complex spread over 2000 acres of land. It was opened by the Film Producer Ramoji Rao in the year 1996. Itââ¬â¢s about 25 kms from the main city of Hyderabad and is open the 7 days of a week. The Film City Complex has urban landscapes of US and Australia as well as India. They have the Amazon Army Base as the newest additions to the attractions of the Film City. 8 22nd May, 2010 4. Fun n food Village Fun ââ¬ËNââ¬â¢ Food Village at Delhi was set up in the year 1993. Fun ââ¬ËNââ¬â¢ Food Village is situated at Old Delhi-Gurgaon Highway which is just 3 kilometers away from the Delhi international airport. Fun ââ¬ËNââ¬â¢ Food Village is for all ages of people. Fun ââ¬ËNââ¬â¢ Food Village in Delhi was inaugurated by former President of India Giani Zail Singh. 9 22nd May, 2010 5. Essel World Pan India Paryatan Pvt. Ltd. PIPPL) is the company holding EsselWorld ââ¬â Indiaââ¬â¢s Largest Amusement Park and Water Kingdom ââ¬â Asiaââ¬â¢s Largest Theme Water Park. Pioneers in the entertainment and leisure industry, it was EsselWorld that pulled people out of the staid environment of conventional pleasure trips and unfolded before them the exciting new scenario of a complete leisure destination. A sprawling complex on the coast al Gorai village in northwest Mumbai, ââ¬Å"The Island of Funâ⬠is sprawled over 64 acres and is a refreshing gateway to a whole new world of excitement and fun. The second phase in the expansion plans for PIPPL, Water Kingdom makes this twin park complex a complete destination by itself. Itââ¬â¢s never-before seen attractions set amidst unique architecture with international standard amenities and hygiene; catapult Water Kingdom into a different league. It is the only, truly international water park experience in India. 10 22nd May, 2010 6. Adventure Island Sprawling over an area of 62 acres in North West Delhi, it has been made with the venture of Unitech Ltd and International Amusement Ltd. Itââ¬â¢s a 164 crore project with a water park and Planet Pogo. There are 26 rides in all and all of them have been imported ââ¬â supplied by leading European manufacturers such as Intamin, Moser and Zamperla, who supply rides to Disney, Universal Studios and Six Flags. The park is especially popular amongst children and teenagers. The entire Island consists of world class amusement Park, an adventure island and a water park. Retail Environment Metro Walk (Delhi) is spread across 2. 21 lakh sq ft and is anchored to the park. It overlooks a large lake which acts as a separator between the mall and the park. The Park has 26 rides spreading in an area of 3. 5acres. 7. Entertainment City It is thought of as Disney Land of India ââ¬â the Entertainment City in Noida. Unveiled by former cricket captain and entrepreneur Kapil Dev, it spreads over a whooping 147 acre land with an investment of Rs 10 billion. Built over an area of 100 acres of land, the park has more then 30 rides, supplied from European manufacturers. The Entertainment City Park has three entertainment zones, one for kids, one for teenagers and one for families each with its own separate rides, attractions and food courts. In addition to this it also has a Shopping complex known as the Great IndiaThe Entertainment City is a is a joint venture between Unitech and International Amusement Limited, the promoters of Appu Ghar (Delhi). 11 22nd May, 2010 8. Nicco Park It is situated in the heart of the main City of Calcutta in Salt Lake ââ¬â its one of the most happening place for the kids and teenagers. The elders simply love to be here. Covering an area of 40 acres, it was opened in the year 1991. Jheel Meel was the previous name of the park. It was renamed in he year 1990 with the restructuring of the park. Itââ¬â¢s the only Amusing Park in the world which has got ISO 9002 certification. It draws a whopping 1. 5 million people every year. 9. Gujarat Science City Gujarat Science City has been made with a view of imparting education in the form of entertainment. On one of its side, it has small village while on other side the suburban urban area reflects technological atmosphere. The Gujarat Science C ity has something different from others in the country. Visited by the former Indian President and Scientist Dr. J P Abdul Kalam it exhibits, mind blowing experience, models which can be worked upon, a showcase of virtual reality, activity corners, hands on labs and live demonstrations to provide an understanding of science and technology to the common man. 10. Platinum Resorts The silent yet beautiful theme park of West Delhi is spreading at 14 acres of land. Big lawns here and the greenery calls people to view the scenery beauty amongst the screaming voice of the city lights. Itââ¬â¢s a Resort cum Water Park. The beauty of the Park can be seen from the entrance itself. It has a huge big entrance ââ¬â with the hugeness it looks more magnificent. The Platinum Resort is just a 30 minutes drive (25 km drive from Paschim Vihar, on Delhi-Rohtak Road, NH no. 10. Itââ¬â¢s a good place for family gatherings, parties and of course the entertainment of the entire family. 12 22nd May, 2010 13 22nd May, 2010 Current trends Amusement parks seek uniform entertainment tax The Indian Association of Amusement Parks and Industries, apex body of the amusement parks, has sought uniformity in the entertainment tax being imposed by different states. The Association rues that the exorbitantly charged entertainment tax by some states is a major impediment in the growth of the industry in these regions. West Bengal, Punjab and Gujarat charge entertainment tax at 20%, 40% and 25% respectively, whereas the entertainment tax rate hovers around 5-15% in majority of the states. Real Estate companies plans to enter into this market Though the unorganised players hold a majority share in the market, the organised players are also expanding their base. G roups like Nicco Parks, Zee group, Unitech ; Turner and various real estate companies are developing amusement parks in different regions. The foreign developers are also stepping into the Indian amusement industry through collaborations with Indian companies. 14 2nd May, 2010 V Guard group entered into amusement parks V Guard Group of companies, based in Cochin in Kerala, is negotiating with property owners in Mumbai and Chennai for starting amusement parks. The group, which is running Veegaland in Cochin and Wonderla near Bangalore, has identified a place near Chennai to start a watertheme and amusement park, but negotiations were still on. Growing transportation facilities Transport corridors like expressways and the Metro line are bringing an increasing number of people closer to entertainment hubs. To that extent, they trigger growth of formal means of entertainment. One major development witnessed in National Capital Region (NCR) over the last 4-5 years has been the expansion of Delhi Metro line. This process started in Central and Western parts of the city and is now on course to link South Delhi and Gurgaon. This has provided common man with a mode of transport that is both economical and convenient. While daily journeys like the ones to college or workplace have been simplified ââ¬â the occasional weekend outing too has been made much simpler as a result of enhanced connectivity to popular entertainment destinations. 5 22nd May, 2010 Expansion of Metro rail project One of the first entertainment destinations, which is strategically located near Rohini Metro Station, was launched by Unitech. This project was launched prior to the completion of the Metro line and has been fully operational since December 2007. It comprises Adventure Island ââ¬â an amusement park and the Metro Walk MallThe expansion of Delhi Metro gives us reason to be v ery optimistic about future of our projects in Rohini, especially Adventure Island. While the city is dotted with malls and retail spaces ââ¬â this is one of the few amusement parks and hence we expect a significant increase in footfalls upon extension of Metro line to South Delhi and Gurgaon, as distance will no longer be a prime consideration. Profile of top three Indian Companies: 1. Nicco parks ; resorts ltd NPRL was incorporated with the prime objective of providing educative entertainment and wholesome recreation for the entire family simultaneously promoting tourism. NPRL presents a complete leisure package in an eco-friendly atmosphere with thrilling rides, eateries, exclusive landscaping, and indoor sports. This amusement park offers all kinds of entertainment under one roof and handles its offerings with professional elan. Business area of the company: At Nicco Park, it offers a wide range of rides and facilities, which the company manufactures in addition to setting up the operation of Amusement or Water Parks on turnkey basis. 16 22nd May, 2010 The company is associated with TUV, India (affiliated to TUEV, Germany) who commission an annual inspection of all its major rides along with manufacturing inspections for the new rides based on approved quality assurance plans. The company can offer overall consultancy to set-up and run Theme Parks successfully. â⬠¢ At the market price of Rs. 70. 00, the stock trades at P/E of 15. 35 x and 12. 96 xs for the earnings of FY10E and FY11E respectively. â⬠¢ Earning per share (EPS) of the company for the earnings of FY10E and FY11E is seen at Rs. 4. 56 and Rs. 5. 40 respectively for equity share of Rs. 10. 00 each. â⬠¢ We recommend ââ¬ËBUYââ¬â¢ in this particular scrip with a target price of Rs. 85. 00 for Medium to Long term investment. Particulars Net Sales (Rs. Mn. ) Net Profit (Rs. Mn. ) EPS (Rs. ) FY08 214. 0 12. 80 2. 73 FY09 244. 00 21. 30 4. 56 % Chg. YoY 13. 59 66. 41 67. 03 17 22nd May, 2010 2. South Asian Enterprises Ltd South Asian Enterprises (SAENTER) is engaged in the business of setting up and running amusement parks and has ventured into the real estate and films. It was incorporated on Mar. 21, 1990 and came out with a public issue on Mar. 30, 1994. Earlier known as South Asian Entertainment, it acquired its present name on Feb. 24, 1995. Associate companies include VLS Capital, Gaurav Overseas Exports, Needle Eye Plastic Industries, Pragati Moulders, M. P. Mehrotra (HUF), VLS Finance, VLS Securities, VLS Investments, VLS Asset Management, and VLS Investments Inc. (USA). The first park was set up in the city of Kanpur under the name and style of Mikky House. Other parks were set up in Lucknow and Ayodhya. In FY08, the company ventured into marketing of earthing products and execution of contracts for earthing and lightning protection systems. It has also ventured into television serials and film production in collaboration with AUM Sportainment. Come December is a recent production. â⬠¢ At the market price of Rs. 12. 6, the stock trades at P/E of -0. 14 x and 22. 59 xs for the earnings of FY10E and FY11E respectively. â⬠¢ Earning per share (EPS) of the company for the earnings of FY10E and FY11E is seen at Rs. -0. 54 and Rs. 0. 53 respectively for equity share of Rs. 10. 00 each. â⬠¢ We recommend ââ¬ËHOLDââ¬â¢ in this particular scrip with a target price of Rs. 20. 00 for Medium to Long term investment. 18 22nd May, 2010 Particulars FY09 FY10E % Chg. YoY Net Sales (Rs. Mn. ) Net Profit (Rs. Mn. ) EPS (Rs. ) 7. 40 1. 87 0. 47 13. 03 -0. 54 ââ¬â 76. 08 3. Mahindra Holidays ; Resorts India Ltd Mahindra Holidays ; Resorts India Limited was incorporated as a private limited company called ââ¬ËMahindra Holidays ; Resorts India Private Limitedââ¬â¢ on September 20, 1996. The status of the Company was changed to a public limited company by a special resolution of the members passed at the annual general meeting held on January 29, 1998. The fresh certificate of incorporation consequent upon conversion was issued to the Company on April 17, 1998, by the Registrar of Companies, Tamil Nadu at Chennai. â⬠¢ At the market price of Rs. 482. 00, the stock trades at P/E of 30. 2 x and 27. 92 x for the earnings of FY10E and FY11E respectively. â⬠¢ Earning per share (EPS) of the company for the earnings of FY10E and FY11E is seen at Rs. 15. 69 and Rs. 17. 25 respectively for equity share of Rs. 10. 00 each. â⬠¢ We recommend ââ¬ËBUYââ¬â¢ in this particular scrip with a target price of Rs. 575. 00 for Medium to Long term investment. 19 22nd May, 2010 Particulars Net Sales (Rs. Mn. ) Net Profit (Rs. Mn. ) EPS (Rs. ) FY10 5101. 96 1178. 37 14. 44 FY11E 5694. 23 1307. 23 15. 69 % Chg. YoY 11. 61 10. 94 8. 66 SWOT Analysis Strengths â⬠¢ Fastest growing sector High margins â⬠¢ Growing foreign Investments â⬠¢ Customers satisfaction Weaknesses â⬠¢ Seasonal business â⬠¢ Low entry fees â⬠¢ No special incentives from govt 20 22nd May, 2010 Opportunities â⬠¢ Currently for a population of 1. 15 billion in the country, there are only 120 amusement parks and 45 Family Entertainment Centers. This indicates that the growth potential of Indian amusement and theme park industry is substantial. â⬠¢ Transport corridors like expressways and the Metro line are bringing an increasing number of people closer to entertainment hubs. The Indian gaming market is on the path of maturity, income levels are rising and people want to have a fun life. â⬠¢ The foreign companies reportedly interested in the Indian amusement parks market includ e Universal Studios, Time Warner and Disney. â⬠¢ Growing tourism industry â⬠¢ Growing retail market Threats/ Challenges â⬠¢ Factors such as monsoon and cold weather affect the industry and in a year, only 100 days are the ââ¬Ëpeak seasonââ¬â¢ for the parks. â⬠¢ Lack of uniform taxation â⬠¢ Govt policies â⬠¢ Rising material cost of equipment 21 22nd May, 2010 Conclusion: The high growth potential of the industry in highly populated India will boost tourism, social infrastructural development as well as employment generation. The success and growth potential of this industry is resulting into the advent of new manufacturers of amusement parksââ¬â¢ rides in India. Currently for a population of 1. 15 billion in the country, there are only 120 amusement parks and 45 Family Entertainment Centers. This indicates that the growth potential of Indian amusement and theme park industry is substantial. Global leaders in entertainment parks and attractions like Universal Studios, Disney, Sony and Ripley Entertainment are mulling over investments of billions of dollars in India considering the vast potential in this region. Private equity funds are also aggressively dedicating resources towards this sector. The growth of the Indian economy will drive the Industry to, ââ¬Å"grow both vertically horizontally. Vertically, in terms of the scale of investment and horizontally across the length and the breadth of the country. The greatest growth potential is the enormous amount of dormant/under-utilised land in Indiaââ¬â¢s hinterland. Hotels and resorts are already showing interest in developing existing plots into anything form small play areas to full scale theme or water parks. _______________________________________________________ Disclaimer: This document prepared by our research analysts does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable but we do not represent that it is accurate or complete and it should not be relied on as such . Firstcall India Equity Advisors Pvt. Ltd. or any of itââ¬â¢s affiliates shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. This document is provide for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. 22 22nd May, 2010 Firstcall India Equity Research: Email ââ¬â info@firstcallindia. com B. Harikrishna Banking B. Prathap IT A. Rajesh Babu FMCG C. V. S. L. Kameswari Pharma U. Janaki Rao Capital Goods E. Swethalatha Oil Gas D. Ashakirankumar Automobile Kavita Singh Diversified Nimesh Gada Diversified Priya Shetty Diversified Tarang Pawar Diversified Firstcall India also provides Firstcall India Equity Advisors Pvt. Ltd focuses on, IPOââ¬â¢s, QIPââ¬â¢s, F. P. Oââ¬â¢s, Takeover Offers, Offer for Sale and Buy Back Offerings. Corporate Finance Offerings include Foreign Currency Loan Syndications, Placement of Equity / Debt with multilateral organizations, Short Term Funds Management Debt Equity, Working Capital Limits, Equity Debt Syndications and Structured Deals. 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