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Mario Bozikovic, B.Sc. Mechanical Engineer Owner. “GELD” d.o.o., Mostar, BiH Quarry - start up, p roject profile. Acquisition/Joint venture opportunity in Bosnia and Herzegovina. New Quarry Project (Architectural stone) “ GELD ” d.o.o. possesses a quarry site (2,5Ha), 6 km from center of
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Mario Bozikovic, B.Sc. Mechanical EngineerOwner “GELD” d.o.o., Mostar, BiHQuarry - start up, project profile
Acquisition/Joint venture opportunityin Bosnia and Herzegovina New Quarry Project (Architectural stone) “GELD” d.o.o. possesses a quarry site (2,5Ha), 6 kmfrom center of Mostar. In final stage of getting Concession Contract for exploitation. The site name is Mukoša. Local stone name is Tenelija and Miljevina (travertine – form of limestone). Mukoša quarry site, view north towards Mostar
Quarry site is located between Mostar airport and main road Mostar – Ploče.
Near “GELD” site location there is existing quarry, “Kamen-Dent”.They are more than 15 years in business, selling locally and to EU and USA. They have stone production line 1 km from there. GELD d.o.o. has signed Contract with that company, for business cooperation. ( Located cca 200 m from “GELD” site)
Samples of application of this stone The Old Bridge (Stari most) is The National Monument, on Neretva river, in Mostar, under UNESCO protection since (17.07.2005.)
Croatian Home “StjepanaKosače” building, in Mostar, covered with miljevinastone Trade center in Radićeva street, Mostar, covered with stone from „Mukoša“ location
Hotel Katarina, Split, Croatia,stonefrom „Mukosa“ location Sample of stone product, per buyer’s specification
Basic facts • LGA Bautechnik, from Nürnberg, DE, had certified The Origin and Quality of Stone Materials; Stone source of GELD d.o.o. exactly corresponds the Mukoša typical quality of stone types locally named Tenelija and Miljevina, used for Old Bridge building • The Old Bridge was built in 16th century, by Sultan Suleiman the Magnificent • The Old Bridgewith its two towers is the city’s most important cultural and historical feature, and is one of the most important historical features in BiH as a whole, as a cultural monument protected by UNESCO • Most of the agreements for starting operations were obtained, including City of Mostar Council approval • Studies have shown useful reserves 312 617 m3 of stone, in down to 16 m depth. The same structure of material is down to 600 m depth • The value of above quantity is determined to be 36 627 492, 00 KM /above 18 million EUR/ • Expected ROI is average 30%/year!Feasibility study to be finalized!
About GELD d.o.o. Mostar • Company was formed in 2005., 50:50 owned by brothers Mario and Frane Božiković. Company posses land and roh-bau building on site that was roofed and consist of 4 apartments, 70m2 each. • Mario Božiković (1954.) is the owner of Mark 2 d.o.o. company in Croatia that is successfully in Panasonic telecommunication and air con-ditioning business since 1990. • Frane Božiković (1956.) is an artist with many exhibitions beside. (Paints, photographs, sculptures…)
Key investment considerations • This type of stone has been branded by Old Bridge story • Great possibility for export to GCC countries, particularly Qatar, UAE. Then to EU and China • Educated “stone production people” available • Contract for cooperation signed with company “Kamen-Dent”, Mostar, that has quarry nearby and stone production line just 1 km from quarry and established production and knowledge of local market • Business Cooperation Contract with Qatari company signed as base for stone trading in that region • Local community support available due to possibility for employing people and for making profit for investor and for community • By May 2011 in show room in Doha will be posted wall arranged with this stone, in business building of our Qatari partner • Letter of intent for business cooperation signed with ER-BU company, Turkey, that has leaded rebuilding of Old Bridge • Letter of intent signed by HVB Central Profit Banka, Mostar, BiH (now UniCreditZagrebackabanka d.d. Mostar)
GELD d.o.o. expectation from potential investor • Capital needed is around EUR 1 000 000, as support for remaining preliminary activities needed to finalize concession agreement with authorities in City of Mostar: mining and other studies, payment of 2-3 staff in development stage of project, purchase of basic equipment, digging and preparing surface for exploitation, start running business Proposed deal structure • Possible sell of agreed percentage in GELD business to strategic partner • Sources of financing expected to be in combination of shareholders equity and commercial loans granted to GELD. • GELD staff will provide support for local authorities, regulator, and other competent bodies.
Next steps • Upon receipt of expression of interest from qualified interested party, addition information about company and all available documentation can be received. For further details please use contact details: MARK 2 d.o.o. Trg HBZ 3 21000 Split Hrvatska www.mark2.hr Mario Božiković, director Tel.: +385 21 481 200; Mob.: +385 91 2100223 mark2@mark2.hr