Investment Objectives:
Finding an investor for the purposes of implementation of the Company’s ambitions and undertaken projects by purchasing Company stakes. Price for 50% of the shares is 540,000 EUR.
Current Share Holders in the Enterprise:
Currently the shares are 100.
Brief Description of Company’s Implemented Initiatives:
The Company was registered in 1997 with main activity growing, processing and trading with high quality fruits and vegetables, including import and export of such. In 2002 the Company purchased 52,3 hectares of state owned agriculture land in the rural regions of South-east Bulgaria for the purpose of creating a cherry orchard.
After over two years of research on the cherry production process in Bulgaria and Europe /producers of cherries and seedlings from Belgium, Netherlands, Germany and Turkey were contacted/, the Turkish company ALARA was nominated as a supplier of the seedlings.
The project was completed between 2006 and 2007 and included 48,9 hectares of cherry plant – types: Ziraat-0900, Sweethard, Lambert, Regina /approximately 32,500 off trees/, automatic drip-irrigation system and agriculture machinery for the value of 110,000 EUR.
The project was funded through program “Rodopi” of State Fund Agriculture (SFA) for which was used an investment loan of 695,000 EUR with liquidation term in 2016, considered since 06/2011, and as the interest is covered by the SFA. (see pics 1 and 2) The current balance value of the cherry orchard is about 1,330,000 EUR
In 2010 the Company was certified on Global G.A.P.
Estimated crops:
For the upcoming season 2011 the estimated crop of cherries is between 150 and 200 tons.
Diagram below of the expected results for the next 4 years (please look at the pictures attached to the offer)
Undertaken Actions for Company’s Development:
Since the beginning of 2008 had began the preparation of a Project for building of “Factory for cooling, processing and preserving of fruits and vegetables” as a second stage of the Company’s investment purposes. The factory shall be built in the cherry plant on a building plot of 2,3 hectares. On May 15 , 2009 the Project was submitted in the local headquarter of SFA, Measure 123 “Adding Value to Agricultural Production” from Rural Development Areas Program.
The project total value is 3,813,000 EUR as the grant amounts at 50% from it. The developed area is 8800 m2 with seasonal capacity of 3000 tons sorted and processed fruits and vegetables and includes:
• cool house consisting of 4 chambers with total area of 540 m2 – one of them is plus and rest three are universal; processing shop of 800 m2, as well as machinery and equipment /French and Spanish origin/ for sorting, calibration and packing of fruits and vegetables;
• canning shop for processing of fruits and vegetables dropped off from the sorting process in the cool house. The purpose is each product to be sorted in the cool house as the first quality stock is being packed in the required manner and ready to be exported to the Western European market, and the dropped off production is being processed in the canning shop. The shop is equipped with modern machinery allowing the processing of each product in several ways depending on the market demands, including equipment for marmalades and musses;
• storage houses;
• sewage water treatment system;
Currently the project is approved and in search for funding.
