Meriza 2002
GENERAL INFORMATION
| Company: | Meriza |
| Sector: | Forestry |
| Product: | Teak |
| Location: | Guayas Province, Cantón Palestina 9 Km. de la cabecera cantonal de Palestina |
PLANTATION DATA
| Property Area: | 194 ha. |
| Sown Area: | 139 ha. |
| Sowing Distribution: | 114 ha year 2002, 25 ha year 2005 |
PLACEMENT
| Placement: | August 12, 2002 |
| Number of Shares: | 80.000 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.
Entities of Manage and Support
| Financial and Administrative Management: | SIEMBRA (Sistema Integrado de Empresas Basadas en Recursos Ambientales) |
| 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 |
