TBE-Ltd-(Tuisamoa Business Enterprise Ltd)

Introduction

I am a freelance land and resources consultant for TBE Ltd, LLC for marginalized native indigenous land and resource owners. I started in 2003 while still a pastor and Associate Youth Director in 2004. I formed a $1 company in 2005 so I could seek government department and donor agencies in the region. In 2011 I formed the current LLC “Tuisamoa Business Enterprise Ltd or TBE Ltd” and have spent all our lifesavings in the past 10 years about US$750,000.00. I have a sponsor who is paying my weekly expenses of US$1,500K per week for I do not charge native indigenous land & resource owners. A new start-up LLC would be established as Land Development Real
Estate of Freehold lands into real estate lots namely Auλe Holdings (LLC).

1. Contracted consultant for native indigenous marginalized poor land and resource owners.
2. I am a sales representative for East West Development Pre-Construction. Recently they have turn down all Native land but will only receive freehold land for JV in hotels. http://www.eastwestdevelopments.com/contactus.aspx   Fiji – Sigatoka, Aca T Vatanimoto - Sales Representatives, Tuisamoa Business Enterprise Ltd, Lot 1 Nasama Street, Kulukulu Road, Sigatoka, Fiji, Tel: + 679 6501643   Mobile: +679 8024256
3. All my dealings with projects with native indigenous land and resource owners and the donor agencies, international NGO’s have been launched under the awareness of the Prime Minister’s Private Investigation Team, to safeguard the Donors, secondarily maximum benefit to the native indigenous land and resource owners.

Once the JV is set up I buy the freehold or crown land and even native lease, and then inviteEast West to partner on one of the forecast 6 hotels with US$12.5 million while the rest of the hotel lots are developed, built and sold. I will access East West customer data base for sale of real estate lots. I will set up a totally new LLC apart from my TBE Ltd and will buy the freehold land and develop it into real estate lots.  The New LLC would be Auλe Holdings (LLC).

I am seeking full funded 100% in the form of seed, start-up and capital to buy freehold land and develop them into real estate lots as a Joint Venture. The Joint venture should be on paper 50-50 to the investor and Aca Tuisamoa Vatanimoto. However I offer Private Equity/JV source as follows; (a). Offer 5% R.O.I. for 10 years; plus one of the followings; (b). 30% Net Profit if the funding from a JV is US$100-500 million, or (c). 40% Net Profit if funding is U$500-999 million, or (d). 50% Net Profit if funding is US$1.0 – 2 billion, or (e). 50% Net Profit if funding is US$2.1 -3 billion, or (f). 60% Net Profit if funding is US$3.1-6.0 billion, or (g). 70% Net Profit if funding is US$6.1 – US$10 billion, to Lender/Investor, 75% Net Profit if funding is US$10.1 – US$20 billion, to Lender/Investor that is to be given to the Investor/Lender until all real estate lots and hotels are sold.  

The reason for the Net Profit sharing only reaching 75% to Lender/Investor is that if local landowner has 25% in the company an additional 3 years of tax exemption is added to areas that are taxed but given only 7 years of (SLIP) tax exemption whereas in tax free zone 13 years is given and if local landowner has 25% of shares in the JV then additional of 7 years is given.

Reason for the project itself as collateral:

1). After the construction of the hotels anywhere in Fiji of more than US$7 million the JV is exempted from tax for 7 years.

2). If the local partner is a native landowner the Venture is exempted for additional 3 years or 10 years altogether.

3). If the hotel is built in Vanua Levu, Korovou to Tavua town the Venture is exempted from tax for 13 years.

4). If the local partner owns 25% and more the Venture is exempted another 7 years a total of 20 years.

5). at the completion of the hotel, the Venture claims a tax rebate of 300%.

6). Tax rebate of 150% on wages for the construction of the first year only.

7). 100% Tax free on imported machinery, etc. but not furniture for the hotels.

8). I only build hotels with East West Development International Pre Construction so within a year only of construction, for I am one of the 2 Agents for EWD here in Fiji.

Therefore my proposals will take care of loan in a year.

Other benefits of investing in Fiji is here;

1)      Tax rebate for hotels is 300%,

2)      Wages spent in the first year is 150%.

3)      Imported machinery etc. is tax exempted 100%.

TBE Ltd will take 2% Brokers fees as it manage all technical works such as tender forland developers, engineers, quantitative surveyors, land managements and Realtors. Also take care of all government stamp duties, fees such department of Environment for the EIA certificate, the town country planning approval of the project and other government approval certificates and license. But the JV or Loan pays for the stamp duties and fees.

My role as the Project Manager Fiji role is US$2 million per year.

1. Deal No. 1 @ Natadola freehold of 153 acres, Natadola freehold purchase of 153 acres US$20 million of 4 hotels x US$37.5 million equals US$150 million, real estate development of 1 stage only x US$18 million thus a total of US$188 million
2. Deal No.2 @ Vanua Levu with 10,000 acres selling at US$11.5 million. Purchase of freehold land US$11.5 million at Bua of the 10,000 acres, build 30 hotels x US$37.5 million thus US$1.125 Billion, Real Estate development US$18 Million x 60 stage of 100 acres/stage equals US$1.08 Billion thus a total of US$2.265 Billion.
3. Deal No.3 @ Rakiraki Town freehold of 1,782 acres Rakiraki freehold land and Macuata Island purchase of US$20 million plus US$6 million plus Hotels of 4 hotels x US$37.5 million equals US$150 million and 16 stages of real estate lots equals US$18 million equals US$288 million thus a gross of US$464.5 million.
4. Purchase of freehold land US$60 million at Bua of the 9,363 acres, build 30 hotels x US$37.5 million thus US$1.125 Billion, Real Estate development US$18 Million x 60 stage of 100 acres/stage equals US$1.08 Billion thus a total of US$2.265 Billion.
5. Deal No. 5, @ South Denarau Island purchase of US$43 Million, build 6 hotels x US$37.5 Million equals US$225 Million, Real Estate development of US$18 Million x 4 stages equals US$72 million plus earth refill 3 meters of the island plus infra structures equals US$US$503 Million thus a total of US$800 million.

v  Thus I am seeking a TOTAL OF FUNDING OF US$67-million to US$6.048billion for the first five freehold lands. Below are the brief descriptions of the other freehold lands on offer to me.

1. Macuata Island of 100 acres opposite the land of 1,782 acres above is offered to me US$6.5 million, plus US$18 million to develop real estate lots, US$37.5 million to build hotel x 2 hotels equals US$75 million, thus a total loan/fund needed is US$99.5 million
2. Freehold land in Rukuruku Bay with 455 acres offered at US$499K in Vanua Levu, Need a loan/fund of US$110 million and this is a tax free.
3. Freehold land being 636 acres from Wailekutu in Suva City Hilly region overlooking the Suva City Harbor and Sea.  This is not a tax free zone offered at US$15 million plus US$18 million equals US$33 million but a total of US$123 million to develop the whole 636 acres.
4. Freehold land from Wailoku 113 acres in Suva City Hilly region beside the Tamavua River. This is not a tax free zone offered at US$4 million.
5. Baulevu Freehold land of 1,682 acres about 5 km from Nausori Town and Airport and beside the Rewa River and has a lot of Mature Mahogany trees. This is not a tax free zone, selling for US$19.5 million, plus US$18 million to develop real estate of 100 acres, equals US$37.5 million but a total of US$307 million to develop the whole 1,682 acres.
6. Baulevu Freehold no.2 of 500 acres selling at US$6.6 million plus US$18 million to develop 100 acres freehold equals US$24.6 million but a total of US$96.6 million to develop the whole of 500 acres. This is not a tax free zone.
7. Lomolomo Crown/State lease purchase of US$12 million and hotel construction of 4 hotels x US$37.5 million equals US$150 million, real estate development is none on this land, thus a total of US$162 million.\

v  Native Freehold of 85 acres seeking JV or both loan and JV with Lender opposite the Suva City and in the Suva Peninsula or harbor and has its own harbor entrance. It has additional foreshore of 10 acres and marina of 15 acres as well. This is not a tax free zone.

v  There are many more freehold lands on offer to me to buy.

I hope that the summary of the 5 freehold lands and the rest of the ten freehold land succinct proposals would give you an overview of the proposals.

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