La Cumbre 2013
GENERAL INFORMATION
| Company: | La Cumbre |
| Sector: | Forestry |
| Product: | Teak |
| Location: | Guayas Province, Cantón Balzar |
PLANTATION DATA
| Property Area: | 345 ha. |
| Sown Area: | 286 ha. |
| Sowing Distribution: | 13 ha. from 2004, 6 ha. from 2009, 85 ha. from 2011 y 182 ha. from 2013. |
PLACEMENT
| Placement: | In process of approval from the Secondary Public Offering |
| Number of Shares: | 350.000 shares |
| Placement Price | US$ 12.00 |
| 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 Cóndor |
