BESA Construction Limited

Society Builder "BESA Construction" Ltd. Is the project sponsor and at the same timethe owner, Mr. Besnik Fangaj since the company is private.The owner of “Besa Construction” is one of the well-known companies in theconstruction industry.During its life time this company alone or based on subcontracts has built residentialbuildings and facilities as:1. “Hotel International” (entrepreneur)2. “Arifi Center” near the City Theater (with subcontract)3. The “New Palace” building at Rus district, near the Musical School (investor)4. The “Fangaj Tower” at Zdralej district (investor)5. Residential villas and tourist facilities at Velipoja beach. (investor)6. Pavement (sidewalks) and asphalt roads with limited length within the city (oncontract from the municipality)7. Addicted to water supply and sewerage systems, etc. Corporate structureCreation of “Besa Construction” L.t.d. society has become in support of Law No. 7638dated 19/11/1992 for commercial and later became renewal in support of the Law No.9901 dated 14/04/2008 "On traders and commercial companies".The company has a single shareholder, Mr. Besnik Fangaj, who owns 100% of thecompany capital, and has the following contacts:Mail address:Besa Konstruksion L.t.dNIPT K 67327001 VAddress: Kompleksi “Gjylbegj”, prane Radio-ShkodresShkoder, ALBANIATel ++ 355 (0)66 20 26 332Email: blendialushi@yahoo.comDescription 2009 2010 2011Summary ofSponsor’sfinancials (ifavailable)Total Assets ( USD) 5,188 9,402 18,678Total Equity (USD) 132,493 187,372 275,256Total Sales ( USD) 828,760 765,112 1,161,376Net Profit ( USD) 87,884 54,879 55,944

Project Cost:Total cost of the project is: 42,401,600 USDProject sponsor already invested: 11,000,000 USDThe project requires:31,401,600 USDThe project will be developed in 2 consistent phases. The 1 st phase will last starting 3 years,and from the 4 th year of the project the 2 nd phase will start, which will increase the buildingcapacity but at the same time, economize the huge amount of investment put in 1 st phase forthe same building capacity.Components of 1 st phase Amount in USD In %Building 14,250,000 82.5Machinery & equipments 895,880 5.2Starting expenses 2,125,000 12.3Total: 17,270,880 100.00Project Cost andFinancing PlanThe request from ICD will be in the 1 st phase of the project, where the total investment for the1 st phase of the project is in approximate amount of USD 17,270,880 USD. The remainedUSD 14,130,720 from the 1 st phase investment will be financed by the “Besa Construction”company in the 2 st phase, since the marketing and the sales process will implement.Financing Plan:The total project cost is estimated to be around USD 31,401,600 the main component ofwhich is the building of the plant machinery purchase for 2 phases. USD 11,000,000 amountsis sponsored by sponsor company. Remained part of the investment is mentioned to berequested from ICD.Components of 1 st phase Amount in USD In %Equity 11,000,000 38.9Debt 17,270,880 61.1Total: 28,270,880 100.00Therefore, the project cost for the 2 nd phase of the project USD 14,130,720 will wholly becovered by the sponsor company obtained from the sales acquired from the 1 rd phase.

Please indicateProposed terms byclient (if any)Tenor Including Grace PeriodGrace Period84 months (7 years)18 months (1.5 years)Why this projectis importantThis project is important because is unique in its kind. By unique is mend:1. The first time this kind of project is met to take place all together by a singleland owner as well as investor.2. The building area is very strategic one since it is situated at the best seashoreside of the Velipoja area. It consists of 44,000 m 2 , with a total constructionsurface of 75,000 m 2 , approximately 30 buildings of 3 stores each, 45buildings of 4 stores each and a huge hotel of 6 stores, dwelling surface, greensurfaces, road structure surfaces, and parking, amusement and children places.3. The possession of the land is a stronghold of our company in this area.4. The approval from the Local Governing Authorities of the urban plan,construction site, and the building permit.5. Development of social and economic life of the community where theproject will be built to contribute to creating jobs opportunities.6. Improve of standards and the creation of a more appropriate field to maketourism, by attracting more tourists and returning to the main tourist center tothe sea for the entire area of the north.7. But most importantly of all, because we know how to work and have no desireto work in this industry. All these yearsof experience serving accumulated to enable the successful realization of thisproject.BUSINESS DEVELOPMENT & PARTNERSHIP DEPARTMENTOverall Opinion & RecommendationsSubmitted by:Date of Submission: