Financial Estimate UFO-Hotel Antigua Submitted to
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Financial Estimate
UFO-Hotel Antigua
Submitted to: Submitted by:
Group Members
The following persons were involved in this consulting mandate:
Marc Lindenau, Partner
Dr. Wolfgang Flägel, Partner
For the respective profiles please see the following slides.
2
Training and Work Experience Key Projects
• Training as a banker (IHK) at Dresdner • Restructuring of a company threatened by
Bank AG, Bremen bankruptcy of medical technology
• Various further training measures within • Renovation of a trading company to avert
the Dresdner Bank Group, i.a. to Insolvency
corporate account manager, credit • Structuring and Closing Real Estate Project
decision maker, capital market specialist Financing for the Hotel Industry Financing
• Capital Market Advisor for Foreign for the Business park of an European
Exchange and Interest Rate Hedging and Investor in Germany
Commodities Trading at Dresdner • Implementation of a Business Plan and
Kleinwort Investmentbank | Dresdner Arrangement of Financing for an
Bank Group, Frankfurt | London exploration project of the oil industry in
• Senior Corporate Customer Advisor at Germany
HSH Nordbank AG, Hamburg • Strategic Consulting for the
• Senior Relationship Manager at HSBC Implementation of a Financial platform
Trinkaus & Burkhardt AG for Large Cap for Banks
Companies, Hamburg
• Insurance Specialist (IHK), Lübeck
Core Issues Working Methods
• Arranging and Structuring of Corporate Classic methods of corporate finance, such
Financing Establishment of Banking Club as
Deals and Banking Communication
• Accompaniment of Syndicated Financings • Analysis of the capital structure
• Acquisition of Equity and Debt as well as
Investor Approach; Project Financing
•
•
Capital Market Theory
Return on investment
MARC LINDENAU
• Risk Management for Companies, in
particular in the area of raw materials
• Break even analysis Business Consultant & Trusted Advisor
• Credit analysis of a project Mobil: +49 172 4000903
• Optimization of Bank Reporting
• Due diligence marc.lindenau@lindenau-partner.com
• Restructuring
• Risk-bearing capacity
• Methods of capital markets business
3
Training and Work Experience Key Projects
• University of Rostock: Study Business • Corporate restructuring and strategic
Administration and Shipping realignment of companies
Economics Doctorate in Shipping • Overall responsibility for new
Management and Engineer economist construction, financing and
• Head of Finance and Accounting / commissioning and market launch of a
Controlling in various shipping companies luxury cruise ship
• Chief Financial Officer / CFO and CEO of a • Construction and implementation of a
cruise ship operator shared service center accounting
• Managing Director / CFO of an • Responsibility for implementation of ERP
international trading house and CRM systems
• Responsibility as HR for HR and HR • Mentoring, coaching and support of
• Development Training as a certified executives
Professional Coach (COATRAIN®) • Advice, coaching and accompaniment of a
refugee when starting up a business in
Germany
Core Issues Working Methods
• Strategy consulting with focus on
customers, markets, portfolio and • Strategy, Organizational
personnel and restructuring advice
• Organizational development and • Due diligence
accompaniment of change processes
• Professional Business Coaching
• Project management
• 7- Step - Proceeding by COATRAIN®
DR. WOLFGANG FLÄGEL
• Restructuring of the structure and
process organization
Business Consultant & Professional Coach
Mobil: +49 173 6156631
• Communication Strategies
wolfgang.flaegel@lindenau-partner.com
• Cost Savings
• Complex financing solutions
4Cost of project
5Cost of project
The cost of project represents the total of all items of outlay associated with long-term fields.
It is the sum of the outlays on the following:
Ø Land and Site Development
Ø Buildings and Civil Works
Ø Plant and Machinery
Ø Technical know-how and Engineering Fees
Ø Expenses on Foreign Technicians and Training of Technicians Abroad
Ø Miscellaneous Fixed Assets
Ø Preliminary and Capital Issue Expenses
Ø Pre-operative Expenses
Ø Provisions for Contingencies
Ø Margin Money for Working Capital
Ø Initial cash Losses
6Cost of project
1. Land and Site Development: The costs of land site development are
ü Cost of levelling and development
ü Cost of compound wall and gates
ü Cost of building construction
2. Buildings and Civil Works: Building and Civil works covers the following
ü Buildings for the main plants and equipments
ü Godowns, warehouse and open yard facilities
ü Sewers, drainage
3. Plant and Machinery: The plant and machinery consists the following costs
ü Cost of Imported Machinery: This is the sum of a) FOB Value, b) imported duty, c) Clearing, loading and
unloading charges
ü Cost of Indigenous Machinery: This consists of a) FOR (Free on Rail) cost b) Sales tax and other taxes
ü Cost of Stores and Spares: Provision of Escalation = (Latest rate of annual inflation to the plant and
machinery X (Length of the delivery period)
7Cost of project
4. Technical know-how and Engineering fees: The technical know-how and engineering fees for setting up the
project is a component of the project cost which is taken into account as costs of capital
5. Expenses on Foreign Technicians and Training of Technicians Abroad: Expenses on foreign technicians like
travelling, boarding and lodging are considered as a cost of project
6. Miscallaneous Fixed Assets: Fixed assets and machinery which are not part of the direct manufacturing
process may be referred to as miscellaneous fixed assets. Like furniture, office machinery and equipment
7. Preliminiary and Capital Issue Expenses
ü Preliminary expenses are:
Ø Identifying the project
Ø Market survey
Ø Articles of association
ü Capital Issue Expenses are:
Ø Underwriting commission
Ø Brokerage
Ø Stamp duty
8Cost of project
8. Pre-operative Expenses: These types of expenses are the following
ü Establishment expenses
ü Travelling expenses
ü Insurance charges
ü Mortgage expenses
ü Miscellaneous expenses
9. Provision for Contingencies: These are 2 procedures that are followed for provision for contingencies. These
are
ü Divide the cost items into 2 categories
Ø Firm cost items
Ø Non-firm cost items
ü Set the provision for contingencies at 5% to 10%
10. Margin Money for Working Capital: Margin money for working capital is an important element of the
project cost which is provided by commercial banks and trade creditors
11. Initial cash Losses: Most of the projects incur cash losses in the initial years. Failure to make a provision for
such cash losses in the project cost affects the liquidity position and impairs the operations.
9Total Price per Building*
Description EUR netto EUR brutto USD
Building Structure Metal frame, foundation and facade 222.255,00 264.483,45 304.155,97
Building Equipment Lift, solar panels, stairs, air condition etc. 135.150,00 160.828,50 184.952,78
Installation of House Equipment Pipes, Electricity and Safety Equipment 23.670,00 28.167,30 32.392,40
Interior Design Basic Works and Material 45.480,00 54.121,20 62.239,38
Assembly Work and Personnel Costs Basic Workload 98.353,00 117.040,07 134.596,08
Subtotal 524.908,00 624.640,52 718.336,60
Transportation fee 3% 21.550,10
Total 739.886,70
EUR/USD 1,1500
* As offered by JA Experts AG, not proven by L&P 10Total Price Hotel Equipment
Position Description Number Unit Price EUR net EUR gross USD
Restaurant Kitchen USPH-Standard 1,00 150.000,00 150.000,00 178.500,00 205.275,00
Cooling system 1,00 15.000,00 15.000,00 17.850,00 20.527,50
Stores and Lockers USPH-Standard 1,00 15.000,00 15.000,00 17.850,00 20.527,50
Bar 1,00 30.000,00 30.000,00 35.700,00 41.055,00
Furniture as of…
Chairs 65,00 120,00 7.800,00 9.282,00 10.674,30
Tables 30,00 350,00 10.500,00 12.495,00 14.369,25
Service station 3,00 500,00 1.500,00 1.785,00 2.052,75
Interior Decoration 1,00 15.000,00 15.000,00 17.850,00 20.527,50
Hotelsoftware 1,00 20.000,00 20.000,00 23.800,00 27.370,00
Extra Lift for suppliers 1,00 18.500,00 18.500,00 22.015,00 25.317,25
Waste System 1,00 7.500,00 7.500,00 8.925,00 10.263,75
Housekeeping Stores 3,00 3.000,00 9.000,00 10.710,00 12.316,50
Equipment 3,00 1.500,00 4.500,00 5.355,00 6.158,25
Bedclothes 72,00 1.000,00 72.000,00 85.680,00 98.532,00
Bathcoats/Towels etc. 120,00 150,00 18.000,00 21.420,00 24.633,00
Amenities 120,00 100,00 12.000,00 14.280,00 16.422,00
Repair Stores 1,00 3.000,00 3.000,00 3.570,00 4.105,50
Tools 1,00 5.000,00 5.000,00 5.950,00 6.842,50
Spare Parts and Materials 1,00 3.000,00 3.000,00 3.570,00 4.105,50
Suites and Rooms Furniture 18,00 2.500,00 45.000,00 53.550,00 61.582,50
Beds 18,00 2.000,00 36.000,00 42.840,00 49.266,00
TV Sets 18,00 1.200,00 21.600,00 25.704,00 29.559,60
Bathrooms 18,00 8.000,00 144.000,00 171.360,00 197.064,00
Interior Decoration 18,00 3.000,00 54.000,00 64.260,00 73.899,00
Outdoor equipment Jacuzzi 18,00 3.500,00 63.000,00 74.970,00 86.215,50
Barbecue Station 18,00 1.500,00 27.000,00 32.130,00 36.949,50
Outdoor Furniture 18,00 750,00 13.500,00 16.065,00 18.474,75
Small Fitness Center and SPA 1,00 20.000,00 20.000,00 23.800,00 27.370,00
Subtotal 841.400,00 1.001.266,00 1.151.455,90
Provisions for Contingencies As mentioned "Cost of Project" No. 9 5% 57.572,80
Total 1.209.028,70
EUR/USD 1,1500
11Additional Information on Cost Items
Ø Preliminary and Capital Issue Expenses: Due to the fact that we have an 100% Equity-Investor related
finance model, those preliminary and Capital Issue Expenses can be neglected.
Ø Margin Money for Working Capital: At this stage not applicable, has to be considered later
Ø Initial Cash Losses: Due to realistic assumptions in this Estimate, this position need not be taken into account
12Summary and Conclusion
Ø The construction costs as supplied by JA Experts AG have not been examined further in this Financial
Estimate.
Ø JA Experts AG lay emphasize on the Elaboration of the Hotel Equipment related costs to be expected.
Ø Total Investment of the Antigua UFO-Hotel will move around 5.8m USD:
Total Costs
Plot $ 1.725.000,00
Four buildings $ 2.959.546,78
Initial Fittings $ 1.209.028,70
Total Investment $ 5.893.575,48
Ø As of our experience in comparable advisory mandates we are convinced that these figures are reliable and
realistic.
Ø Lindenau & Partner is ready to be part of the project team.
13Contact Details
Lindenau & Partner | Unternehmensberatung
Bundesstr. 3
D-23858 Wesenberg
Phone: +49 4533 7279940
E-Mail: info@lindenau-partner.com
14Disclaimer
This presentation is provided for general informational purposes only. It does not include every item which may
be of interest, nor does it purport to present full and fair disclosure.
These materials do not constitute an offer to sell, or the solicitation of an offer to buy, nor are these materials a
recommendation to buy, sell or hold the project. Any investment decisions should be made only after a careful
review of the complete offering and disclosure materials with respect to such investments with your own
advisors as to the suitability related to your particular circumstances.
The information presented herein has been gathered from sources we believe to be reliable; however, we do
not guaranty its accuracy or completeness. The information presented herein is subject to change without
notice. There may have been events that occurred subsequent to the date hereof that would have a material
adverse effect on the financial information presented herein.
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