La Sabana 2012
GENERAL INFORMATION
| Company: | La Sabana |
| Sector: | Forestry |
| Product: | Teak |
| Location: | Guayas Province, Cantón Balzar |
PLANTATION DATA
| Property Area: | 253.79 ha. |
| Sown Area: | 215 ha. |
| Sowing Distribution: | 53 ha. from 2010, 162 ha. from 2012. |
PLACEMENT
| Placement: | In process of approval from the Secondary Public Offering |
| Number of Shares: | 240.000 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: | Seguros Sucre |
| Forest Seed: | CATIE (Tropical Agronomic Center of Investigation and Education, Costa Rica) |
