El Refugio 2008
GENERAL INFORMATION
| Company: | El Refugio |
| Sector: | Forestry |
| Product: | Teak |
| Location: | 16Km. al oeste de la cabecera cantonal de Balzar, de 2Km. Al Norte, sobre la margen del río Daule |
PLANTATION DATA
| Property Area: | 214 ha. |
| Sown Area: | 180 ha. |
| Sowing Distribution: |
PLACEMENT
| Placement: | Oferta Pública Secundaria Bursátil* |
| Number of Shares: | 125.000 shares |
| Placement Price | US$ 12.00 per share |
| Profitability: | 15% yearly * |
| Profitability perception: | At plantation’s cut down |
| Estimated time until harvest: | 20 years after sowing. |
* Calculation of return is based on the projected growth of wood, on conservative estimates of prices, costs and expenses. The project involves accumulating all the necessary resources for the maintenance until the cutting, from the beginning of the operation. The company does not expect the existence of financial liabilities.
MANAGEMENT AND SUPPORT ENTITIES
| Financial and Administrative Management: | SIEMBRA (Sistema Integrado de Empresas Basadas en Recursos Naturales) |
| Attorney at Law: | Pandzic & Asociados |
| Accounting & Taxes: | Auditing & Taxes |
| Marketing: | FreeMarket S.A. |
| Stock Placement: | Albion Casa de Valores S.A. |
| Insurance Company: | Seguros Sucre |
| Forest Seed: | CATIE (Centro Agronómico Tropical de Investigación y Enseñanz, Costa Rica) |
