Cooperation LOOKING FOR AN INVESTOR TO INVEST IN DANKO NIRWANA VILLAS BALI PROJECT - PT. DANKO NIRWANA BALI

Cooperation: LOOKING FOR AN INVESTOR TO INVEST IN DANKO NIRWANA VILLAS BALI PROJECT

(Product Photo)

Origin:

Indonesia

Price:

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Specification:

Funds Raising for Danko Villa Project
Based on capital structure of the Company and budgeting of Danko Nirwana Villas Bali Project, herewith Company would like to invite such potential investor to injecting capital with obtaining such advantage as mentioned above. Basically Company now is looking and welcoming investor at value
Euro 600.000.- ( US $ 780.000.- ) to Euro. 5.000.000.- ( US $ 6.500.000.- ) welcoming to start construction of Danko Nirwana Villas Bali project.

Danko Villa as the Most Comfortable Accommodation

Danko Nirwana Villas Bali will provide with a holiday experience that will last a lifetime. With high standards of choice, comfort and the legendary Balinese hospitality at it's very best; Danko Nirwana Villas Bali has something for everyone. There's a range of accommodation to suit one and all. From three bedroom villa. All villas are furnished to the highest standards with air-conditioning, satellite television and international direct dial telephone. All villa boast balcony or terrace overlooking the gardens and pools. In general Danko Nirwana Villas Bali as the most comfortable accommodation shall provide people with the following facilities:

*Providing the most beautiful gardens
*Restaurant
*Tennis court
*Basket ball area
*Billiard court
*Tennis Table
*GYM
*Children play ground
*Bakery Cafe
*Internet Cafe
*Coffee Shop
*Bar and Live Music
*Mini Market
*Live Entertainment, Laundry and
*Dry Cleaning Service
*Beauty salon, massage and SPA.
*Health and medical centre
*24 hours security
*Airport transport upon request.

Legal View of Danko Nirwana Villas Bali Project

Relation Company and Danko Villa Project
Company is an Indonesia limited according to Indonesian law that belong to 2 local people and shall be by one trustee agent which shall be legal representative of foreign investor (s). Company has a business core as a developer and management of property including accommodation actually, based on these line of business Company has committed to build a completely 67 (sixty seven) villa of Danko Villa project that located in the top hill of Jimbaran village, Nusa Dua, Bali Indonesia. For this Danko Villa project Company will invite investor either local or foreign to direct involve in this said project in regard to participate in the capital of Danko Villa project. The investor shall add structure of shareholder in the Company and will increase capital structure of the Company itself. Finally Company shall be the developer and the land owner of Danko Villa and the buyer shall be owner of its construction.

Investor Involvement
To anticipate direct involvement of investor in Danko Villa Project, Company already provided such scheme to protect investor legal position in regard to protect and secure its investment in Danko Villa.

For local investor there is no limitation as it may involve directly into Company by injecting its investment which shall be perform in the stock / share and ending to be the stock holder or shareholder.

For foreign investor shall be represented by Trustee Agent that solely to represent and to protect legal interest of foreign investor for any investment putting inside Company. This scheme is to welcome any investor foreign to participate in capital of this Project; normally this Trustee Agent shall be a legal bridge of investor to achieve its business proposed in the Project.

Conducting Business or Investment in Indonesia
According to Indonesian law, basically foreigner is allow to establish a limited company called a ï¿½Perseroan Terbatas (PT)ï¿½ under foreign direct investment regulation, itï¿½s normally called a PT PMA whereas in this scheme foreigner (s) may be a 100% shareholders, however a PMA company is allowed for limited line of business that stipulated in the Negative List of Businessï¿½. Unfortunately property line business property and real estate is not allowed for foreigner business activities in Indonesia even accommodation are open for foreign direct investment in Indonesia. In fact currently property business in Bali is starting to grow up during the down economic conditions happened in Indonesia generally. Land value is getting increase slightly and it is predicted that the value of land and property is slow increase and increase for next 5 years.

The Company has anticipated this chance whereas since 2 years ago Company has found out location to realize Danko Villa project. Finally Company decided and committed that the top of Jimbaran hill shall be the most wonderful location and getting the best ocean view in Jimbaran area. Project designed by the top traditional Bali architect by touched western taste to make people enjoyable and comfortable living and spend time more over in the Project. Company with its expertise in providing comfortable property actually do believe and understanding how to convenience people who need to feel Bali inside Project but still feeling be of part of western culture.

To realise this Project, Company should welcome investor to participate in Companyï¿½s capital structure be silent shareholder under name of Trustee Agent. In this scheme Company will provide such protection document and also binding agreement to govern how to bind Trustee Agent in regard to represent legal interest of any investor in the Company. Trustee Agent shall be a registered lawyer in Indonesia whereas in its capacity as lawyer can be also as Trustee Agent of any legal proposal to any body. This scheme is also to anticipate once Indonesian government allow property line for foreign direct investment then this Company shall be automatically up graded to be a PMA company finally Investor based or irrevocable power attorney shall replace the Trustee Agent as the shareholder in the Company.

Capital Structure of Company.
Based on the establishment of the Company number 12 dated 15th June 2005 authorized capital and paid up capital is Rp.1.500.000.000,- (one billion five hundred million rupiah), and according to Danko Villa project whereas such investor shall involve directly inside then the capital structure shall be increased and the Company shall be the following :

Investorï¿½s advantage in Danko Villa Project

Based on irrevocable power attorney from Trustee Agent that obtained once signing Trustee Agreement, Investor shall have fully right to attend and take vote on behalf Trustee Agent in the Shareholder Meeting done by the Company;

Investor shall be getting dividend in the end of book year of the Company once the Company getting such profit;

Any time can sell out the investment based on agreed price between the investor and the buyer or third party to involve in the Project based on the irrevocable power attorney however the title share still under name of Trustee but advantage and right of share / stock is belong to investor as the silent shareholder.

Based on profit and income occurred from the Company and Project, the Investor is welcome to re-invest to other project shall be built and offered by the Company according to market needed.

Limitation for investor
Investor cannot involve in daily operation of Project after deciding by Shareholder Meeting;

Investor agree and commit to appoint a PMA company established by Mr. Carel Daniels and Mr. Wayan Pungky Artana to be a marketing and management company of the Project based on management agreement attached in.

Income tax of shareholder shall be deducted from dividend of any silent shareholder according tax regulation to be paid for Trustee Agent through the Company and also investor shall pay any obligation of shareholder applied in Indonesia for Trustee Agent.

Investor shall pay Trustee Agent fee yearly to the Trustee Agent based on agreed price occurred.

Investor shall pay any salary if required Trustee Agent to be position in the structure of directors or commissioner (if required).

Investor shall take fully responsible according to percentage of investment in the Company in the Company charging for insolvency, bankruptcy or liquidated based on legal procedure to protect position of Trustee Agent.

Legal Protection to Buyers of Danko Villa Project
Danko Villa project is starting to be sold before construction done by the Company, according to join co-operation with marketing and management company herewith Danko Villa project shall be started to be sold the buyer depending on the market targeting by the marketing and management company. Furthermore as the Buyer will get profit as the buyer once the marketing and management company can manage the Project and get profit as explained in the part of Income Distributor for the Resort by Years.

Refer to the both above scheme, herewith the Company provide some legal protection document to make sure that the buyer shall be in the right way and its villa shall be fully protected under Indonesia law.

1. Escrow agreement, in this agreement investor and Company shall appoint marketing and Management Company to be the Escrow Agent, whereas this Escrow Agent shall be an independent body to hold such payment done by investor to the Project. The Agent depending the progress of the Project done by the Company shall pay payment.

2. Sale and Purchase Agreement, shall be an agreement to buy a lease of right of villa of the Project by buyer interested in. this part shall be executed once conditions of Escrow Agreement is fulfilled by the buyer and Company. In this agreement also shall arrange how to install the payment if the buyer shall apply instalment payment for buying villa.

3. Sub lease agreement, shall an agreement between the Company as the lease right holder of the Project and the buyer in regard to transfer lease right and to allow investor to transfer the same right to other third party if the investor shall end its investment in the Project and or its investment shall be heritage automatically to its legal heritage during lease duration.

4. Management Agreement, shall be between Marketing and management company with the buyer whereas in this agreement the buyer agree to appoint marketing & management company maintain and manage its investment / villa to make money during unoccupied duration whereas the investor is not staying in its owned property / villa.

5. Maintenance agreement, this agreement shall govern about how to maintain property/ villa between marketing and Management Company and Buyer.

6. Right of use agreement, shall govern about right of investor or buyer to exercise its right to use common area provided by the Company to whole buyer or investor in the Project.

7. Owners Charter shall govern about the whole condition of the Project including common facilities, restriction in the Project, pets etc.

All those agreements shall be under Indonesia law and its transferable to other party either next investor or its legal heritage.

Land legal status
The land as location of Danko Villa project currently is under ownership title, based on this project then Company will buy and execute land through sale and purchasing land drawn up before the Public Notary in Bali then the ownership title shall be transferred into Companyï¿½s name. Currently land arrangement has been processed by the Company with land lord of the land; however the Company already has had commitment to the land lord.

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