NOVA KENDRA : OPERATING MODEL
Nova Kendra is an initiative to empower and nurture the entrepreneurship desire of small-town individuals. The Village Level Entreprenuer has access to the required plot of land, ability to invest in developing the KENDRA's warm shell structure and also manage the KENDRA's day-today operations. Depending on who invests in the fit outs of the Kendra, there are two business models - Direct and Partnership.
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Operating and Management Agreement for the Kendra
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Sub Lease Deed for 355 sq. ft. for Retail, F&B, Cafe, Utility Center
Partner
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Lease deed for Warm shell and Operating rights to Outside Area
Nova Cinemaz
Private Limited
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Management Agreement
Village Level
Entrepreneur (VLE)
PARTNERSHIP PROGRAM BUSINESS STRUCTURE
Arrangement between Partner, Nova Cinemaz Pvt. Ltd. & VLE
Partner to lease and own the Kendra
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Partner to onboard VLE that owns the land and has expressed interest in building the Kendra Directly or Indirectly through Nova Cinemaz Pvt. Ltd.' Marketing Associate Program
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VLE to provide land and construct Warm Shell for the Kendra
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Partner to invest in Fit Outs for the Kendra
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VLE to lease the Warm Shell to Partner
Partner to enter into an agreement with Nova Cinemaz Pvt. Ltd. to Operate and Manage the Kendra
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Nova Cinemaz Pvt. Ltd. to provide Cinema Equipment and Sound system for the Cinemas
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Nova Cinemaz Pvt. Ltd. to sub lease the 355 sq. ft. for operating the retail, F&B, cafeteria, and utility services from Partner
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VLE to enter into an agreement with Nova Cinemaz Pvt. Ltd. for managing the Kendra
PARTNER PROGRAM RESPONSIBILITIES
Partner
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Rights to the Partner/VLE Brand
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Onboard VLE Directly or indirectly through Nova Cinemaz Pvt. Ltd.' Marketing Associate Program and Paying RS. 75 Lac Deposit to VLE
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To get all necessary Permissions & Approvals from State Government and Regulators
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Getting into a Lease and Management Agreement with the VLE
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Building the Warm Shell and Maintenance of the internal and external structure of the Warm Shell
Nova Cinemaz Private Limited
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Provide Facility Design for the execution of the Kendra
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Provide expertise in cinema exhibition, content planning, and cinema advertising through parent Company - UFO Moviez India Limited
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Paying Fixed Fee and Revenue Share on various services as per the Management Agreement
VLE
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Providing Land for building the Kendra
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Invest in Warm Shell
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Managing the Kendra in line with the SOPs set by Nova Cinemaz Pvt. Ltd.
DIRECT VLE RESPONSIBILTIES
VLE
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VLE must own/Lease the Land where the EUC will be constructed
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Make an investment in the Warm Shell/Fit Outs based on the Plan selected
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Building the Warm Shell/Fit Outs through a Contractors appointed by Nova Cinemaz Pvt. Ltd.
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Appointing manpower for managing the EUC in consultation with Nova Cinemaz Pvt. Ltd.
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Managing the EUC in line with the Standard Operating Procedures set by Nova Cinemaz Pvt. Ltd.
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Maintenance of the internals and external structure on Investment
Nova Cinemaz Private Limited
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Provide Cinema Exhibition brand NOVA Cinemaz
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To get all necessary Permissions & Approvals from State Government and Regulators
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Provide expertise of cinema exhibition, content planning and cinema advertising through parent Company – UFO Moviez India Limited
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Provide additional support to the VLE to secure Bank Loans