‘Public General Service Centre’ was established in May 2015 with the purest of intention of providing employment opportunities to unemployed Bhutanese youth.
The company intends to provide employment opportunities by empowering and advocating ‘blue collar/odd jobs’. Today, many youths are seen in the market area doing nothing when there is huge demand for ‘blue collar/odd jobs’. So, it is the company’s objective to encourage the youths to take up ‘blue collar/ odd jobs’ with pride and equal gusto.
‘Public General Service Centre’ has been providing ser
vices like maintenance which includes both civil and electrical works. It also carries out sewage works like clearing of blockages and emptying of the sewage tanks. And, an added feature of ‘Public General Service Centre’ is that it also offers the ‘loading & unloading’ services. The company has been involved in the shifting of furniture from both homes and offices, and it has been involved in ‘loading & unloading’ of goods for various shops and organization. One of the most attractive features of ‘Public General Service Centre’ is that there is no fixed rate. So whenever a customer calls for any kind of work, the supervisor would first visit the site and then negotiate the rate with the customer. This very bargaining aspect gives the customer the feeling of comfort and ease, for they are able to decide a rate rather than having agreed to a fixed rate. A fixed rate cannot be justified for sometimes the service provider would be at lost and at times the customer, so the room for negotiation is going to be a win-win situation for both the parties. Since its inception, the ‘Public General Service Centre’ has been operated on personal expense with personal assets. However, the company has been getting good reviews from both the customers and the government agencies alike. The company is working together with the ‘Ministry of Labor’ to encourage the unemployed youths to take up blue collar/odd jobs. Despite all the effort from the company’s side, the company is not able to achieve its ultimate goal. Its flight of progress has been impeded by insufficient funds. So, should the company be able to avail loan from the ‘Loden Foundation’; then the company would be able to operate at its full potential. The current proposal of availing Nu.1.5 Million from the foundation will immensely benefit the company. According to the financial study being carried out in the business proposal, the company would be able to repay the loan amount in 2 years and 4 months time. The IRR (Internal Rate of Return) also projects a healthy figure of 110%. Although, the company is a labor-intensive it would still be able to able to generate revenue of Nu.5.85 Million in its first year and make a net profit of Nu.1.09053 Million. And, assuming an annual growth of 30% in its customer base the company would be generating Nu.7.605 Million in its second year and make a net profit of Nu.1.97988 Million. So, given the revenue generated and its projected net profit, the proposal to support ‘Public General Service Centre’ in financial terms is going to both viable and sustainable.
