El Sendero 2009
GENERAL INFORMATION
| Company: | El Sendero |
| Sector: | Forestry |
| Product: | Teak |
| Location: | Guayas Province, Cantón Balzar |
PLANTATION DATA
| Property Area: | 180 ha. |
| Sown Area: | 150 ha. |
| Sowing Distribution: | 25 ha. año 2007, 40 ha. año 2008, 85 ha. año 209 |
PLACEMENT
| Placement: | Oferta Pública Secundaria |
| Number of Shares: | 135.000 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 (Integrated System of Companies Based in Environmental Resources) |
| Attorney at Law: | Pandzic & Asociados |
| Accounting & Taxes: | Auditing & Taxes |
| Marketing: | FreeMarket S.A. |
| Stock Placement: | Albion Casa de Valores S.A. |
| Insurance Company: | Seguro Sucre |
| Forest Seed: | CATIE (Tropical Agronomic Center of Investigation and Education, Costa Rica) |
