here - HETA Asset Resolution

Investment Opportunity
Distressed Securities
Ljubljana, 2016
INVESTMENT
Opportunity
Distressed Securities
Boutique
Hotel
SPECIAL PURPOSE VEHICLE
Rogaška Slatina, Slovenia
Hotel Aleksander d.o.o. – in bankruptcy
st
Invest in over 13.6 EUR million claims owned by HETA and secured with 1 rank
mortgage on 5-star boutique hotel, one of the finest hotels located in traditional
SPA destination of Rogaska Slatina.
HETA Asset Resolution d.o.o.
Dunajska cesta 167 · SI-1000 Ljubljana
HETA Asset Resolution d.o.o.
Dunajska cesta 167 · SI-1000 Ljubljana
Mrs. Mojca Lavriha
Restructuring Case Manager
T: + 386 (0)1 580 44 35
[email protected]
Mr. Janez Klančar
Head of Restructuring
T: + 386 (0)1 580 44 85
[email protected]
Hotel Aleksander d.o.o. – in bankruptcy
Main collateral
The company Hotel Aleksander d.o.o. was established for the
purpose of renovation and managing the 5-star hotel in
Rogaška Slatina.
HOTEL ALEKSANDER *****
Hotel Aleksander d.o.o. is in bankruptcy since 7 December 2015.
Ownership
Share
Marjan Pipenbaher
100%
2
3,189 m
-1, GF, 3 upper floors
renovated 2010
21 rooms,
restaurant, lobby bar, salon bar
private SPA centre
swimming pool and gym
conference hall for 15 guests (62 m2)
5,409 m2
garage for 12 parking lots and
outdoor parking place
Hotel Net Useable Area
Floors
Year of construction
Hotelcapacity
Source: AJPES, April 2016
Total amount of claims applied in bankruptcy estate is
13,633,529,87 EUR and belongs to several creditors. In year
2014 HETA Asset Resolution d.o.o. became creditor and owner
of claims towards company Hotel Aleksander d.o.o. which was
previously financed by Hypo Leasing d.o.o.
Claim applied by HETA Asset Resolution d.o.o. is EUR
11,008,666,03.
All information regarding Bankruptcy procedure is available
online in Slovenian Business Register (AJPES) public database.
Loan is secured with two collaterals. Main collateral presents
the 5-star hotel.
Collateral
Mortgage
Corporate guarantee
Park
Parking places
The building was built in 1906 and had been renewed several
times. In 2009 hotel was completely refurbished and in 2010 the
underground garage facility for 12 cars was constructed.
The hotel also includes a catering establishment, and a wellness
centre. The hotel part has a ground floor, first and second floor
and an attic apartment. On the roof of the building there is a
large sundeck. The catering establishment includes a ground
floor with terraces and first floor.
In the hotel part of the building there are 5 standard rooms (26
m2) and 16 luxury suites with room area from 46 m2 to 109 m2.
The most prestigious room in the Alexander hotel is the
Penthouse 777 with a private 250 m2 large terrace and a
magnificent forest and park view.
1st mortgage on financed asset
company in bankruptcy
Graz
Hungary
Austria
Murska Sobota
Maribor
Klagefurt
Maribor
Kranj
Source: AJPES, April 2016
Celje
Ljubljana
Ljubljana
Nova Gorica
ROGAŠKA SLATINA
Zagreb
Novo mesto
Italy
Trieste
Croatia
Koper
The Disclaimer
The information and data contained in this document is of a non-binding nature and based on carefully selected sources, including HETA Asset Resolution d.o.o.
(HETA), its affiliates and its external advisors. While HETA believes such information is reliable for the purposes used herein, HETA, its affiliates and its external
advisors make no representation or warranty as to accuracy or completeness or actuality of the information contained herein or the sources used to compile it.
Claims for damages arising out of the use or non-use of the information or the use of incorrect or incomplete information shall be excluded. The information
contained herein should not be relied upon by purchases without independent investigation and verification. Any projections and market data herein are not
necessarily indicative of future results and are based upon assumptions made at the time that the projections and market data are developed. There can be no
assurance that the projected results will be obtained, and actual results may vary significantly from the projections. General economic conditions and other factors,
which are not predictable, can have a material adverse impact on the reliability of such projections. No liability is assumed in the event that any forecasts fail to
materialize. The recipients of this document acknowledge and agree that all the information contained herein is of a confidential nature and that they will not
disclose any such information or copy, reproduce, distribute or pass on such information to others without the prior written consent of HETA. Neither the Document
nor its delivery to any prospective investor shall constitute an offer to sell or an invitation to purchase. This disclaimer shall be governed by and construed in
accordance with Slovenian Law.
INVESTMENT
Opportunity
Distressed Securities
Real Estate
Project
SPECIAL PURPOSE VEHICLE
in Ljubljana, Slovenia
Hiša 8 d.o.o. – in bankruptcy
st
Invest in nearly 7.5 EUR million claims owned by TCK d.o.o. and secured with 1
mortgage on real estate development project of a 7-storey high commercialresidential building in the very centre of Ljubljana.
HETA Asset Resolution d.o.o.
Dunajska cesta 167 · SI-1000 Ljubljana
HETA Asset Resolution d.o.o.
Dunajska cesta 167 · SI-1000 Ljubljana
Mr. Tomaž Fabijan
Restructuring Case Manager
T: + 386 (0)1 580 46 27
[email protected]
Mr. Janez Klančar
Head of Restructuring
T: + 386 (0)1 580 44 85
[email protected]
Hiša 8 d.o.o. – in bankruptcy
Main collateral
The Company was established for the construction of the
commercial and residential buildning »Dalmatinka« in the very
center of Ljubljana.
DALMATINKA PROJECT
Hiša 8 d.o.o. is in bankruptcy since 24 April 2013.
Ownership
Share
Mega d.o.o. - in bankruptcy
Mr. Stanko Božičnik - in personal bankruptcy
51%
49%
Source: AJPES, April 2016
Total amount of claims applied in bankruptcy estate is
14,122,278.52 EUR and belongs to several creditors. In year
2014 TCK became creditor and owner of claims towards
Company Hiša 8 d.o.o. which was previously financed by Hypo
Alpe-Adria Bank d.d.
Claim applied by TCK d.o.o. is EUR 7,464,571.63.
All information regarding Bankruptcy procedure is available
online in Slovenian Business Register (AJPES) public database.
Loan is secured with several collaterals. Main collateral
represents the land plots where the real estate project is
ongoing.
Type of Use
Floors
Land plot
Gross Useable Area
- retail
- office
- residential
Parking places
Cunstruction site
retail, office and residential
3B + GF + 6 upper floors + mansard
1,301 m2
9,700 m2
1,300 m2
1,600 m2
3,200 m2
85 underground garage
valid building permit and carcass works
already done on 3 sub-levels, ground
floor, first and part of second floor.
The development project is located in the very centre of
Ljubljana. The location is considered as excellent due to vicinity
of old city centre, Ljubljanica river bank and many
administrative buildings like the Parliament, municipality, court
building, university etc. located in close proximity.
If completed the project will provide much needed a high-end
business premises and luxury residential apartments with
direct view on the Ljubljana Castle.
Property has great access to public transportation with city bus
station direct in front of the building and countries main railway
station and bus station within 5 min. walking distance.
Graz
Collateral
Mortgage
Corporate guarantee
Personal guarantee
Personal guarantee
Source: AJPES, April 2016
Hungary
Austria
Murska Sobota
Maribor
Klagefurt
1st mortgage on financed asset
two companies both in bankruptcy
two individuals in personal bankruptcy
private individual
Maribor
Kranj
Celje
Ljubljana
LJUBLJANA
Nova Gorica
Zagreb
Novo mesto
Italy
Trieste
Croatia
Koper
The Disclaimer
The information and data contained in this document is of a non-binding nature and based on carefully selected sources, including HETA Asset Resolution d.o.o.
(HETA), its affiliates and its external advisors. While HETA believes such information is reliable for the purposes used herein, HETA, its affiliates and its external
advisors make no representation or warranty as to accuracy or completeness or actuality of the information contained herein or the sources used to compile it.
Claims for damages arising out of the use or non-use of the information or the use of incorrect or incomplete information shall be excluded. The information
contained herein should not be relied upon by purchases without independent investigation and verification. Any projections and market data herein are not
necessarily indicative of future results and are based upon assumptions made at the time that the projections and market data are developed. There can be no
assurance that the projected results will be obtained, and actual results may vary significantly from the projections. General economic conditions and other factors,
which are not predictable, can have a material adverse impact on the reliability of such projections. No liability is assumed in the event that any forecasts fail to
materialize. The recipients of this document acknowledge and agree that all the information contained herein is of a confidential nature and that they will not
disclose any such information or copy, reproduce, distribute or pass on such information to others without the prior written consent of HETA. Neither the Document
nor its delivery to any prospective investor shall constitute an offer to sell or an invitation to purchase. This disclaimer shall be governed by and construed in
accordance with Slovenian Law.
INVESTMENT
Opportunity
Distressed Securities
Real Estate
Project
SPECIAL PURPOSE VEHICLE
in Koper, Slovenia
Prefabdva d.o.o. – in bankruptcy
st
Invest in nearly 42.2 EUR million claims owned by TCK d.o.o. and secured with 1
rank mortgage on real estate development project „Zeleni park II“, the
commercial - residential complex on Slovenian coast.
HETA Asset Resolution d.o.o.
Dunajska cesta 167 · SI-1000 Ljubljana
HETA Asset Resolution d.o.o.
Dunajska cesta 167 · SI-1000 Ljubljana
Mr. Tomaž Fabijan
Restructuring Case Manager
T: + 386 (0)1 580 46 27
[email protected]
Mr. Janez Klančar
Head of Restructuring
T: + 386 (0)1 580 44 85
[email protected]
Prefabdva d.o.o. – in bankruptcy
Main collateral
The Company was established for the construction of the
commercial and residential complex »Zeleni park II« in the
center of Koper.
ZELENI PARK II PROJECT
Prefabdva d.o.o. is in bankruptcy since 20 June 2013.
Ownership
Share
Coagens d.o.o. - in bankruptcy
100%
Source: AJPES, April 2016
Total amount of claims applied in bankruptcy estate is EUR
54,419,194.05 and belongs to several creditors. In year 2014
TCK became creditor and owner of claims towards company
Prefabdva d.o.o. which was previously financed by Hypo AlpeAdria-Bank d.d. .
Claim applied by TCK d.o.o. is EUR 42,154,708.55.
All information regarding Bankruptcy procedure is available
online in Slovenian Business Register (AJPES) public database.
Loan is secured with several collaterals. Main collateral presents
the land plots where the real estate project is ongoing.
Type of Use
Floors
Land plot
Gross Useable Area
- retail
- residential
- parking house
Parking places
Project status
retail and residential
3B + GF + 4 upper floors
8,200 m2
24,700 m2
3,800 m2
6,300 m2
10,700 m2
549 in underground garage
operating public parking house and almost
completed commercial – apartment
building without operating permit.
The property is located in the centre of Koper. The location is
considered as prime due to vicinity of the beach (only 300m)
and old city centre. In the immediate surroundings there are
several shopping facilities, local administrative buildings and
healthcare provider.
If completed the project will provide much needed modern
retail facilities and residential apartments in city centre with
stunning view to the Koper bay and old town.
Property has very good accessibility with connection to A1
highway that connects Koper with Ljubljana and Italy (Trieste)
only 1 km away.
Collateral
Mortgage
Mortgage
Mortgage
Corporate guarantee
Corporate guarantee
Personal guarantee
1st mortgage on financed asset
4st mortgage on additional assets
5st mortgage on additional assets
company
company in bankruptcy
two individuals in personal bankruptcy
Graz
Hungary
Murska Sobota
Austria
Maribor
Klagefurt
Maribor
Kranj
Celje
Ljubljana
Ljubljana
Nova Gorica
Zagreb
Novo mesto
Italy
Source: AJPES, April 2016
Trieste
Venice
Piran
KOPER
Croatia
Portorož
Portorož
The Disclaimer
The information and data contained in this document is of a non-binding nature and based on carefully selected sources, including HETA Asset Resolution d.o.o.
(HETA), its affiliates and its external advisors. While HETA believes such information is reliable for the purposes used herein, HETA, its affiliates and its external
advisors make no representation or warranty as to accuracy or completeness or actuality of the information contained herein or the sources used to compile it.
Claims for damages arising out of the use or non-use of the information or the use of incorrect or incomplete information shall be excluded. The information
contained herein should not be relied upon by purchases without independent investigation and verification. Any projections and market data herein are not
necessarily indicative of future results and are based upon assumptions made at the time that the projections and market data are developed. There can be no
assurance that the projected results will be obtained, and actual results may vary significantly from the projections. General economic conditions and other factors,
which are not predictable, can have a material adverse impact on the reliability of such projections. No liability is assumed in the event that any forecasts fail to
materialize. The recipients of this document acknowledge and agree that all the information contained herein is of a confidential nature and that they will not
disclose any such information or copy, reproduce, distribute or pass on such information to others without the prior written consent of HETA. Neither the Document
nor its delivery to any prospective investor shall constitute an offer to sell or an invitation to purchase. This disclaimer shall be governed by and construed in
accordance with Slovenian Law.
INVESTMENT
Opportunity
Distressed Securities
Luxury yacht
Turkey
SPECIAL PURPOSE VEHICLE
Boat-building project in distress
The Company established for construction of luxury yacht is in need to gain
some additional funds for its completion. Invest in our claims secured with the
vessel and take over the project.
HETA Asset Resolution d.o.o.
Dunajska cesta 167 · SI-1000 Ljubljana
HETA Asset Resolution d.o.o.
Dunajska cesta 167 · SI-1000 Ljubljana
Mr. Tomaž Fabijan
Restructuring Case Manager
T: + 386 (0)1 580 46 27
[email protected]
Mr. Janez Klančar
Head of Restructuring
T: + 386 (0)1 580 44 85
[email protected]
Company
Main collateral
The Company was established for construction of luxury yacht.
Now they need to gain some additional funds to complete the
yacht and since HETA is wind down entity we can't offer further
project financing. Therefore we are presenting you with
opportunity to take over the project.
LUXURY YACHT
Ownership
Share
Private individual
Private individual
Private individual
33.3%
33.3%
33.3%
Company had only two creditors (Hypo Leasing d.o.o. and TCV
d.o.o.). In year 2014 HETA became creditor and owner of claims
towards SPV which was previously financed by Hypo Leasing
d.o.o. and TCV now the Client has 17,7 million EUR of debt
towards the HETA Asset Resolution Group.
The maturity of 16 million EUR loans are already overdue.
Loan is secured with several collaterals. Main collateral presents
the vessel it self.
Collateral
Mortgage
Mortgage
Mortgage
Mortgage
Corporate guarantee
Corporate guarantee
Personal guarantee
1st mortgage on vessel
1st mortgage on business premises
4st mortgage on additional assets
5st mortgage on additional assets
company
company in bankruptcy
three private individuals
Commercial class RINA
Length
46.5 m
Guests
up to 12
Cabin
5
Top Speed
16 kts
Cruise Speed
12 kts
Range
4,500 nm
Fuel Capacity
66,700 l
Beam
9.1 m
Max Draught
2.5 m
Crew
10
Luxury yacht has an eye-catching design and is very spacious
for her size, with large interior volumes and huge outdoor
decks. Vessel features include zero speed stabilisers, a helipad
and accommodation is for 10 guests in a full beam master suite
on the main deck, two VIP staterooms and two twin cabins.
Yacht has twin 969KW Caterpillar diesel engines which gives
her a range of 4,500 nautical miles at her cruising speed of 12
knots.
Yacht has been designed as a trans-ocean motor yacht for
worldwide cruising, with an advanced displacement hull. This
means she will provide the comfort you expect whether you are
cruising in cold Alaskan waters or in the hot and humid tropics.
It has steel hull and aluminium superstructure. Hull and
superstructure finished with AWLGRIP paint system and all
decks are laid in 20mm teak.
The Disclaimer
The information and data contained in this document is of a non-binding nature and based on carefully selected sources, including HETA Asset Resolution d.o.o.
(HETA), its affiliates and its external advisors. While HETA believes such information is reliable for the purposes used herein, HETA, its affiliates and its external
advisors make no representation or warranty as to accuracy or completeness or actuality of the information contained herein or the sources used to compile it.
Claims for damages arising out of the use or non-use of the information or the use of incorrect or incomplete information shall be excluded. The information
contained herein should not be relied upon by purchases without independent investigation and verification. Any projections and market data herein are not
necessarily indicative of future results and are based upon assumptions made at the time that the projections and market data are developed. There can be no
assurance that the projected results will be obtained, and actual results may vary significantly from the projections. General economic conditions and other factors,
which are not predictable, can have a material adverse impact on the reliability of such projections. No liability is assumed in the event that any forecasts fail to
materialize. The recipients of this document acknowledge and agree that all the information contained herein is of a confidential nature and that they will not
disclose any such information or copy, reproduce, distribute or pass on such information to others without the prior written consent of HETA. Neither the Document
nor its delivery to any prospective investor shall constitute an offer to sell or an invitation to purchase. This disclaimer shall be governed by and construed in
accordance with Slovenian Law.
INVESTMENT
Opportunity
INVEST IN PORTFOLIO OF
Distressed Securities
Favorable macroeconomic environment in Slovenia makes distressed projectst and
claims increasingly compelling opportunity to deploy capital with high return. Slovenian
1.3 billion portfolio is well diversified across issuers, industries, type of exposure and
maturity. Can you afford to miss the opportunity for great investment?
HETA Asset Resolution d.o.o.
Dunajska cesta 167 · SI-1000 Ljubljana
HETA Asset Resolution d.o.o.
Dunajska cesta 167 · SI-1000 Ljubljana
Mr. Janez Klančar
Head of Restructuring
T: + 386 (1) 580 44 85
[email protected]
Mr. Siniša Nišavić
Director of Local Restructuring & Workout
T: + 386 (1) 580 46 40
[email protected]
HETA ASSET RESOLUTION d.o.o.
CUSTOMERS
HETA Asset Resolution d.o.o. in Slovenia is part of HETA Group a
wind-down corporation owned by the Republic of Austria. Its
statutory task is to dispose of the non-performing and nonstrategic portion of Hypo Alpe Adria, nationalized in 2009, as
effectively as possible whilst preserving value.
By No. of contracts
20%
Corporate
1%
In process of asset disposition we are presenting you the
opportunity to invest in distressed securities portfolio. Our 1.3
billion EUR portfolio is well diversified across issuers, industries,
type of exposure and maturity.
Private Individuals
Public Finance
61%
18%
Small Business
Our experts are available to provide with further information,
please feel free to contact us.
Mr. Janez Klančar
T: + 386 (1) 580 44 85
[email protected]
Mr. Siniša Nišavić
T: + 386 (1) 580 46 40
[email protected]
EUR thousand
Type
Corporate
Private Individuals
Public Finance
Small Business
Value
No. of customers
1.036
1.200
56
1.105
3.397
TOTAL
1.250.204
43.002
35.193
58.087
1.386.486
TYPE
INDUSTRIES
EUR thousand
Sector
Value
9%
Agriculture economy and forest management
Automobile
Banks
Chemistry, oil and plastic processing
Construction industry
Energy
Food and allied business
Free lancers & professional services
Manufacture of household and sanitary goods
Metal industry and mechanical engineering
Agriculture
Other business sectors
Other financial services
Private
Public entities
Real estate business
Retail and wholesale trade
Service
Technology
Textile and clothing industry
Tourism
Transport and Logistics
Wood and paper processing
TOTAL
3.619
48.492
5.571
7.534
237.093
1.692
32.433
46.753
4.984
60.145
1.257
1.845
76.927
45.604
59.140
211.839
161.311
189.867
12.498
4.465.
87.983
71.811
13.622
1.386.486
Finance lease
14%
Investment loans
Leasing loans
1%
7%
52%
Operative lease
Other loans
17%
Working capital loans
MATURITY
GL Receivables
above 5 years
1 to 5 years
up to 1 year
due
0
100.000 200.000 300.000 400.000 500.000 600.000
This document is intended for informational purposes only. Unless subjected to thorough review and analysis by the recipient, the information contained herein is not suitable for
making a well-founded investment decision. No liability is assumed for the data contained herein. All rights and changes reserved.
This document was prepared by: HETA Asset Resolution d.o.o., Dunajska cesta 167, 1000 Ljubljana. For more information please visit our web page www.har.si.