El Refugio 2008

General Information
Company: El Refugio
Sector: Forestry
Product: Teak
Location: 16 Km. al Oeste de la cabecera cantonal de Balzar de 2 Km. Al Norte, sobre la margen del Río Daule.

Plantation Data
Property surface: 214 h.a
Planted surface: 180 ha.
Sowing distribution:

Placement: Secondary Public Offering *
Number of shares: 125,000 shares
Placement price: US $12.00 per share
Profitability: 15% annual *
Profitability perception: At plantation’s cut down.
Estimated cut down age: 20 years after sowing.

Entities of Management and Support
Financial and Administrative Management: SIEMBRA (Integrated System of Companies Based in Environmental Resources)
Attorney at Law: Pandzic & Asociados
Accounting and Taxes: Auditing & Taxes
Audit: Deloitte & Touche
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)

* 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.

Our Plantations


Address: Parque Empresarial Colón Edificio Empresarial 1 floor 1
office Av. Rodrigo Chávez 102-A | Postcode: 090510 | Guayaquil - Ecuador
PBX: (593-4) 2136140