| 요약2 |
We are planning to activate a Project Finacing Vehicle (PFV) by introducing a PVF and searching an effective method to proceed with a safe and constant housing building business. Recently, many people are worried about a development finance of a domestic real estate due to a government's regulation on the domestic real estate, an economic slump, and various small-sized building companies' bankrupt. Actually, a project financing method applied in a domestic real estate developing business has a problem since it is not determined based on a specific analysis on a business validity of the project. Whether financing of the real estate developing finance is possible or not was determined by depending on a responsible completion and security capacity of a construction, and banking facilities require payment guarantees of the construction. Accordingly, the real estate developing finance gives a burden of a substantial business hazard to the construction. Thus, in order to overcome these negative problems of the real estate developing finance, we are planning to provide a minimum guideline via an economical evaluation when introducing the PFV in the housing building business, by making a predicted investment cost and a statement of profit and loss considering a corporation tax, an acquisition tax, and a registration tax, re-calculating an interest expense considering a change of a positive profit rate, a project size, and a minimum capital, and comparing a negative effect of a reducing effect of the corporation tax which is reduced as an equity capital is increased. |