Sunviw Construction

1. Progress to Date - PictoGram
Summary - As at November , 2019 Amount Percentage
(A) Total Construction Budget 7,524,930.77
(B) Works completed to Date 3,319,868.06 44.12%
(C.) Works Remaining as at November 2019 4,205,062.71 55.88%
Total - A + B 7,524,930.77 100.00%
Current Property Valuation &
Currency Fluctuation Impact
Valuation as at August 2,800,000,000.00
Date Rate Impact - Valuation
6/20/2019 Thursday 753.34 3,716,781.27
7/1/2019 Monday 754.23 3,712,395.42
8/1/2019 Thursday 742.99 3,768,536.34
9/2/2019 Monday 725.21 3,860,937.79
10/1/2019 Tuesday 731.04 3,830,134.78
11/1/2019 Friday 733.03 3,819,747.48
12/2/2019 Monday 731.79 3,826,218.04
Average 738.81 3,789,895.12
Currency Fluctuation Spread - Impact on Valuation
Hotel Layout & Dimensions
Progress to Date
Sun View Investment Strategy
% To Completion
1.1 PRELIMINARIES AND GENERAL ITEMS 497,200.00 497,200.00 100% 0.00
1.2 LABOUR ONLY CONTRACT-CONSTRUCTION 623,434.89 243,385.44 39% 380,049.45
1.3 (A) MAIN BUILDING 4,617,096.69 1,928,613.53 42% 2,688,483.16
(B) EXTERNAL WORKS 1,187,199.19 650,669.09 55% 536,530.10
( C) ROOM FURNISHING (All Inclusive) 600,000.00 - 0% 600,000.00
Completed Works/Remaining Works
Value Works to Completion
7,524,930.77 3,319,868.06 44% 4,205,062.71
Summary - Works Completed/Works Remaining as at November 2019
VALUE OF WORK EXECUTED
Bill of Quantity
Estimate
Expenditure to
date
Hotel Facilities, Amenities & Services
Management Contract-
 Operations & Operational Excellence
Sales & Marketing
Revenue Management
E-Marketing, E- Commerce,
Food & Beverage
Finance
 Human Resources
Administration
Maintenance
Contacts

2. Progress to Date – Projected Financials
Statement of Financial Position
Statement of Financial Performance
Nov-21 Nov-22 Nov-23 Nov-24 Nov--2025
USD USD USD USD USD
SALES 6,021,591.00 6,623,750.10 7,286,125.11 8,014,737.62 8,976,506.14
COST OF SALES
Total Cost of Sales 1,007,401.53 1,039,638.38 1,072,906.81 1,107,239.82 1,142,671.50
GROSS PROFIT 5,014,189.47 5,584,111.72 6,213,218.30 6,907,497.80 7,833,834.64
ADMINISTRATIVE & FIXED COSTS
Total Admin & Fixed Cost 2,634,542.33 2,706,898.58 2,781,570.24 2,858,631.39 2,938,158.49
Tourism Levy (1%) 60,215.91 66,237.50 72,861.25 80,147.38 89,765.06
EARNINGS BEFORE INTEREST & TAX (EBIT) 2,319,431.23 2,810,975.64 3,358,786.81 3,968,719.03 4,805,911.09
Management Fees (Operations & Marketing)
Total Management Fees 222,724.40 412,204.90 567,147.30 1,071,297.84 1,232,338.69
Income After Management Fees 2,096,706.84 2,398,770.74 2,791,639.51 2,897,421.20 3,573,572.39
Loan Interest 389,794.25 318,343.53 239,411.00 152,213.19 55,884.64
NET INCOME AFTER INTEREST 1,706,912.59 2,080,427.20 2,552,228.51 2,745,208.00 3,517,687.75
TAXATION 30% 512,073.78 624,128.16 765,668.55 823,562.40 1,055,306.32
NET INCOME 1,194,838.81 1,456,299.04 1,786,559.96 1,921,645.60 2,462,381.42
less
Loan-Principal Repayment 682,347.62 753,798.33 832,730.87 919,928.67 1,015,518.83
SURPLUS/DEFICIT 512,491.19 702,500.71 953,829.09 1,001,716.93 1,446,862.59
STATEMENT OF FINANCIAL
PERFORMANCE - Projected Assets Nov--2021 Nov--2022 Nov--2023 Nov--2024 Nov--2025
Current Assets
Cash in bank - 1,677,365.47 1,919,016.59 2,233,311.61 2,858,857.91
Accounts receivable - 419,341.37 479,754.15 558,327.90 714,714.48
Inventory -
Prepaid expenses - - - - -
Total Current Assets - 2,096,706.84 2,398,770.74 2,791,639.51 3,573,572.39
Fixed Assets
Land 480,000.00 480,000.00 480,000.00 480,000.00 480,000.00
Buildings 7,612,841.01 7,612,841.01 7,612,841.01 7,612,841.01 7,612,841.01
Furniture & fixtures 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00
Vehicles 180,000.00 180,000.00 180,000.00 180,000.00 180,000.00
Other fixed assets -
(LESS accumulated depreciation - (415,513.64) (831,027.28) (1,246,540.92) (2,077,568.20)
Total Fixed Assets (net of depreciation) 8,872,841.01 8,457,327.37 8,041,813.73 7,626,300.09 6,795,272.81
Other Assets
Goodwill - 1,055,403.42 1,252,870.14 1,354,332.15 1,555,326.78
Other - - - - -
Total Other Assets - 1,055,403.42 1,252,870.14 1,354,332.15 1,555,326.78
TOTAL Assets 8,872,841.01 11,609,437.63 11,693,454.60 11,772,271.75 11,924,171.98
Liabilities and Equity
Current Liabilities
Accounts payable - - - - -
Interest payable - 389,794.25 318,343.53 239,411.00 55,884.64
Current part, long-term debt - 682,347.62 753,798.33 832,730.87 1,015,518.83
Other current liabilities - - - - -
Total Current Liabilities - 1,072,141.86 1,072,141.86 1,072,141.86 1,071,403.48
Long-term Debt
Long term debt 4,205,062.71 3,522,715.09 2,768,916.76 1,936,185.89 920,667.06
Total Long-term Debt 4,205,062.71 3,522,715.09 2,768,916.76 1,936,185.89 920,667.06
Total Liabilities 4,205,062.71 4,594,856.96 3,841,058.62 3,008,327.76 1,992,070.54
Owners' Equity
Invested capital 4,667,778.30 5,990,015.70 6,525,767.11 7,044,446.34 7,429,932.53
Retained earnings - beginning - - - - -
Retained earnings - current - 1,024,564.97 1,326,628.87 1,719,497.65 2,502,168.92
Total Owners' Equity 4,667,778.30 7,014,580.67 7,852,395.98 8,763,943.99 9,932,101.44
Total Liabilities & Equity 8,872,841.01 11,609,437.63 11,693,454.60 11,772,271.75 11,924,171.98
STATEMENT OF FINANCIAL POSITION
Nov--2021 Nov--2022 Nov--2023 Nov--2024 Nov--2025
RECEIPTS
Balance B/F (5,843,884.41) (3,833,562.45) (687,336.11) 3,210,170.69 9,324,077.13
ACCOMODATION 2,745,207 3,468,405.60 3,815,246.16 2,601,304.20 4,308,684.66
CONFERENCE & FUNCTIONS 1,395,744 1,995,840.00 2,195,424.00 3,179,371.80 2,861,434.62
FOOD & BEVERAGES 1,695,150 2,550,240.00 2,805,264.00 3,847,039.88 1,646,568.00
OTHER SOURCES 185,490 224,532.00 246,985.20 2,213,719.20 2,103,948.00
Total Receipts 177,707 4,405,455.15 8,375,583.25 15,051,605.77 20,244,712.41
PAYMENT
Capital
TOTAL PAYMENTS 4,011,269 5,092,791.27 5,165,412.55 5,727,528.65 5,944,659.67
Net cash Flow (3,833,562) (687,336.11) 3,210,170.69 9,324,077.13 14,300,052.74
Principal Loan Payment - - - - -
Balance B/F (3,833,562) (687,336.11) 3,210,170.69 9,324,077.13 14,300,052.74
STATEMENT OF Cash Flows
Statement of Financial CASH FLOWS
NPV 4,584,350.66
$
IRR 27%
MIRR 20%
ROI 210%
Key Ratios
Key RATIOS

3. Progress to Date – Photo Montage
Architectural Renderings - Hotel
Architectural Renderings - Apartments
Rooms – Supplier’s Catalogue
Photo Montage – Progress on Site as at August,
2019

4. Progress to Date – Summary – To Completion/To Date
in USD
in % of
TOTAL FUNDING
Total Funding Required to Completion 4,205,062.71 55.88%
Sources Of Funds - Required To Completion - Nov 2019
Labour only Contract - Construction 380,049.45 5.05%
Completion Construction - Main Hotel 2,688,483.16 35.73%
Completion -External Works 536,530.10 7.13%
Hotel Furnishings & Fittings 600,000.00 7.97%
Preliminaries & General Items 497,200.00 14.98%
Labour Only Contract 243,385.44 7.33%
Substructure 461,418.93 13.90%
Prefab Super Steel Structure 1,467,194.60 44.19%
External Works 650,669.09 19.60%
Sources of Funds in USD
in % of
TOTAL COST
Expenditure to Date - Private Equity 3,319,868.06 44.12%
Sources Of Funds
Total Project Development Costs -
Excluding Cost of Land
in USD
in % of
TOTAL COST
Bill of Quanties 7,524,930.77 100.00%
Sources Of Funds
Preliminaries & General Items 497,200.00 6.61%
Labour Only Contract 623,434.89 8.28%
Hotel Construction 4,617,096.69 61.36%
External Works 1,187,199.19 15.78%
Furnishing, Fittings & Equipmet (FF&E) 600,000.00 7.97%
Sources Of Funds
Investment to Date, Including Land in USD
in % of
TOTAL COST
Total Investment to Date, incl Land 3,799,868.06 50.50%
Land Acquisition 480,000.00 12.63%
Expenditure to Date - Private Equity 3,319,868.06 87.37%
1 Total Investmnt tp Date (November 2019 3,799,868.06 50.50%
2 Development Valuation - as at August 2019 3,789,895.12 50.36%
Comments
1
2
Percentage of Total Cost - As per Bill of Quanties
Percentage of Total Cost - As per Bill of Quanties
Estimated Investment – Total Bill of Quantites
(BoQ)
Funding Required to Completion
Total Investment Incl Land Acquisition
Expenditure to Date – Private Equity

5. Progress to Date – Risk Mitigation
Management Contract- Full Service Boutique and Transit Hotel
 Operations & Operational Excellence
Sales & Marketing - Local,Regional & International)
Revenue Management
E-Marketing, E- Commerce,
Food & Beverage
Finance
 Human Resources
Administration
Maintenance
Risk Mitigation
Operational, Sales & Marketing Risks
Insurance - All Risk
Workers Compensation Insurance
Professional Liability Insurance
Delay in completion or delay in start-up insurance
Subcontractor default insurance
Supply chain risks for contractors and contingent business
interruption (CBI) insurance
Construction, Sub-Contractor Risks
Sub-Contractor Surety/Performance Bonds
Electrical/Solar Contractor
Road Works Contractor
Tiling, Plumbing & Sanitation
Fittings & Furnishings
Landscaping
Heating & Cooling
Construction Loan Risks
Land acquisition and titling risks - Title Deed
Performance risks (by statutory and approving authorities.
Service providers
Statutory Compliance with Stakeholders
Funding risks
Marketing Risks.
Quality and safety performance risks:
Construction OrganoGram
Hotel Staffing
OrganoGram
Finance & Admin
Management Structure