Company name Contact Person Title Address Telephone Fax e-mail

Sandi Tropical Fruit Processing Company LTD. (Didier SANON) General Manager Bobo Dioulasso (Burkina Faso) 09 1952 4946 (temporarily in Taiwan) sanondidier@yahoo.fr

Project Summary Subsector Location Project Cost Project Type Project Executing Firm/Agency Funding Agency 1 INTRODUCTION 1.1. Project objectives SANDI TROPICAL FRUIT PROCESSING COMPANY LTD. takes up the following objectives: From the local fruits as basic products, process juice, jam and later intend to process woody plants, dried vegetable and fruits products Local marketing and exportation of the products Vulgarization and promotion of the processed local fruits products Development of the farming potential and participate actively to the fight for the food self-sufficiency in BURKINA FASO. Support the research and training, then create employments In general, exert any kind of activity such as agriculture, industrial, commercial, financial, real estate, educational; all activity that is tightly related to social aims, improvement of the life condition of rural population and above all, contribute effectively to the development of Burkina Faso. Agribusiness Bobo Dioulasso, BURKINA FASO 308,581 $ US Processing, Technical & Marketing, Services & Direct investment in Agribusiness SANDI TOPICAL FRUIT PROCESSING COMPANY LTD. Not Identified

1.2 Proposed capacity The proposed fruit Processing Unit has a maximum capacity of processing 1 tons of fruit per hour. In the following table is summarized the production capacity trend for the first five-year. Five years estimates of the capacity of production Designation Capacity of production of juice (L) Capacity of production of jam (Kg) 2007 728 000 234 000 2008 728 000 234 000 2009 728 000 234 000 20010 728 000 234 000 2011 728 000 234 000

2 HUMAN RESOURCE REQUIREMENTS The proposed Seed Processing Unit requires the following human resources/staff: Positions Required Salary per Month (US $) Chief executive officer Accountant Marketing Manager Sales Officer Plant Manager Plant Operator Store Keeper Auxiliary (Peon/Office Boy) Security Guard Laboratory Technician Total 1 1 1 3 1 5 1 1 2 2 18 272.73 154.55 163.64 127.27 145.45 63.64 127.27 63.64 45.45 145.45 2,009.09 Salary per Annum (US $) 3,272.76 1,854.60 1,963.24 4,581.72 1,745.40 3,818.40 1,527.24 763.68 1,090.80 3,490.80 24,109.04

3 MACHINERY & EQUIPMENT DETAILS The type of equipment needed for the fruit Processing Unit is as follow: N0 Equipment Item/Capacity Qty Cost ($ US) 1 Rotary washer GHJ-01/1000 Kg/H 1 8,000 2 Washing tank elevator GHJ-01/1000 Kg/H 1 1,500 3 Trimming table GHC-06 1 4,500 4 Crusher GHJ-03/1000 Kg/H 1 3,600 5 Pulper-Finisher GHJ-06 /1000 kg/H 1 11,000 6 Extractor GHJ-07/ 600 Kg/H 1 11,800 7 Raw juice tank 1000 L 1 1,500 8 Mixing tank 1000 L 3 sets 13,000 9 Centrifugal separator GHJ-08/3HP 1 4,800 10 Homogenizer GHJ-09 / 1000 1 12,000 L/10 HP 11 Jacketed steam kettle GHC-19/ 2 HP 2 sets 11,000 12 Tubular Type Flash Pasteurizer GHJ-10 (1000L/H) 1 11,500 13 Stainless steel pump 2HP 4 sets 5,200 14 Sanitary pipes, fitting and valves 38 mm 1 9,000 15 Automatic Bottle Rinser Filer and GHB-06 37,500 Capper(*) 16 Semi-automatic seamer GHC-11 / 20-30 7,500 cans/Min 17 Semi-automatic empty can washer 3,000 18 Horizontal retort & Pressure cooler GHC-13 / 320 cans 1 12,500 19 Automatic packing making machine GP-254/402/001T 3 sets 11,812 (*) 20 Automatic Label Making Machine GHC-21 1 25,000 Jet coder GHM-03 1 8,400 Total 214,112
Mentions with the mark (*) are products from (SHANGHAI JINBU MACHINERY SCLTECH DEVELOPMENT Co.,Ltd) ADD: No171 linsheng Road Tinglin town Jinshan District Shanghai China PC: 201505 TEL: 0086-21-67232721 FAX: 0086-21-67232721 All the other machines are from (GEO HON ENTERPRISES

CO., LTD) NO.9, 7 TH TAY YII ST., RENDE TOWNSHIP, TAINAN HSIEN, TAIWAN TEL: 886-6-2492325 FAX: 886-6-2492324

The choice of the two companies stems from the accurate screening and analysis of the offers made by several companies suppliers of fruit processing machinery and equipments. GEO HON ENTERPRISES CO., LTD and SHANGHAI JINBU MACHINERY SCL TECH DEVELOPMENT co., Ltd. appear as the best choice regarding the combination of the price-quality of their products. These two factors are considered fundamental for the completion of this project. Accordingly, further decisions related to the purchase of machines or equipment will be discussed with the said companies. Hereby, I, Didier SANON, agree to keep all confidentiality of the prices of the machines and equipments from GEO HON ENTERPRISES CO., LTD and SHANGHAI JINBU MACHINERY SCL TECH DEVELOPMENT co.,Ltd. I guaranty not to use the following informations for any other purpose than only the analysis of the offers for making further decisions concerning this project, directly with the concerning companies. The respect of the confidentiality is valid for the investors as well. 4 INFRASTRUCTURE REQUIREMENTS Infrastructure requirements Production hall including quality control laboratory Office Storeroom Boundary wall with gate Land acquisition for fruit production Total
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Cost ($ US) 11,200 3,000 6,500 3,500 2,000 26,200

5. PROJECT ECONOMICS 5.1 Project cost The cost of the project will be as follow Head Fixed cost Land & building Machinery Furniture & Fixture Computer & Accessories Vehicles Working capital Total capital cost 5.2. Project Return The payback period (years) of the project is estimated for five years from the beginning of the activities of the company. The company is totally opened to further discussions with the funding institute about the other conditions related to the fund return. Determination of the working capital (US $) 2007 Sales revenues Working Capital Fund (WCF) 44,532.95 108,205.9 1 129,641.3 6 154,395.0 0 179,148.64 570,395.4 5 2008 649,235.4 5 2009 777,848.1 8 2010 926,370.0 0 2011 1,074,891.8 2 Amount (US $) 1,818.18 26,200 214,112 918.18 2,500 18,500 44,532.95 308,581

Fluctuation of the WCF

47,532.95

60,672.95

21,435.45

24,753.64

24,753.64

5.3. Project status/Timeline Ideal time frame for the project is as follow: 2006 1 Approval application 2 procedures 3 Fund raising Construction of the 4 processing plant 5 Purchasing of equipments Installation of equipments; 6 training of the staff Beginning of the activities Se p Oct Nov Dec Jan 2007 Feb Mar Apr May Jun

6 FINANCIAL ANALYSIS Financing of investments Employment Amount Fixed assets 34,455.41 Working capital 47,532.95 Total 81,988.36

% 42,02 57,98 100

Resources Social capital Associated loan Bank loan Total

Amount 1,818.18 22,778.33 57,391.86 81,988.37

% 2,22 27,78 70,0 100

Fixed charge in the code of imposts for five years (US $) 2007 2 008 2009 2 010 2011 Sales revenues TTC 570,395.45 649,235.45 777,848.18 926,370.00 1,074,891.82
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Fixed charge

1,036.36

1,130.91

1,281.82

1,458.18

900 000

6.1. Operating account and treasury plan 2007 2008 2009 2010 2011

Total Sales revenues 570,395.45 Raw materials & intermediate products Profit margin External services Imposts & Taxes Value-added Labor cost EBITDA Financial interest Depreciation cost Result of ordinary activities Income tax (35%) 123,85.07 395,367.73 6,266.46 1,817.18 387,284.08 21,006.55 366,277.54 6,667.54 5,749.78 353,860.21 175,.027.7 3

649,235.4 5 203,742.9 5 445,492.5 0 6,565.10 2,398.44 436,528.9 5 35,121.23 401,407.7 2 5,470.90 5,749.78 390,187.0 4 136,565.4
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777,848.1 8 237,601.5 1 540,246.6 7 6,884.55 2,563.84 530,798.2 8 35,541.36 495,256.9 2 4,150.03 5,749.78 485,357.1 1 169,874.9

926,370.0 0 277,573.5 7 648,796.4 3 7,213.80 2,749.93 638,832.7 0 35,823.65 603,009.0 4 2,692.04 5,143.72 595,173.2 9 208,310.6

1,074,891.8 2 324,817.53

750,074.29 7,565.51 2,942.89 739,565.89 36,252.19 703,313.70 1,082.69 5,143.72 6,970.872.9 5 453,106.74

6 Net income Cash flow 230,009.14 235,758.92 253,621.5 8 259,371.3 6

Amounts are expressed in $ US

9 315,482.1 2 321,231.9 0

5 386,862.6 3 392,006.3 5 458,250.46 453,106.74

EBITDA: Earning before interests, taxes, depreciation and amortization

The company will achieve a beneficial interest throughout all the period of activity. The interest will increase from 357,272.73 $ US in 2007 to 701,090.91 $ US during the last fiscal year. This result shows a continuous growth. In addition, the operating of the activity will generate a self-financing capacity of about 361,818.18 and 705,272.73 $ US from 2007 to 2011. Treasury plan for five years (US $) 2007 2008 2009 2010 2011

Sales revenues (ATI) Capital Associate loan Bank loan Total capital inflow

673,066.6 3 1,818.18 22,778.33 57,391.86 755,055.0 1

649,235.4 5 649,235.4 5 245,429.2

9

777,848.1 8 777,848.1 8 280,027.4

926,370.0 0 926,370.0 0 320,611.0

1,074,891.8 2 1,074,891.8 2 368,635.22

General charges

202,300.7

4 Refundable TVA Purchasing of equipments Profits tax TVA Associate refunding Refunding Total outflow 0 66,257.05 4,555.67 16,328.36 539,967.9 5
ATI: all taxes included

9 44,177.27 0 54,858.66 4,555.67 16,328.36 365,349.2 3

3 50,404.94 0 68,249.87 4,555.67 16,328.36 419,566.2 6

2 57,709.98 0 83,600.69 4,555.67 16,328.36 482,805.7 3 66,354.34 0 97,612.21 4,555.67 16,328.36 539,840.69

36,414.13 214,112

6.2. Projected Income Statement Summarization of the budget from 2007 to 2011 (US $) 2007 Treasury at beginning of year Inflow Outflow Treasury at end of year 755,055.0 1 360,311.3 6 394,743.6 5 649,235.2 4 365,349.2 3 678,629.8 7 1,036,911.7 9 1,480,476.0 7 2,015,527.1 9 419,566.26 482,805.73 777,848.18 926,370.37 1,074,891.8 2 539,840.69 0 2008 394,743.6 5 2009 678,629.87 2010 1,036,911.7 9 2011 1,480,476.0 7

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Financing plan for five years 2007 $ US Capital Associate loan Bank loan Total CAPEX Investments Total Gap 362,111.0 3 Cumulative gap 362,111.0 3
CAPEX: Capital expenditure

2008 398,896.3 8 398,896.3 8 60,672.30 60,672.30 338,223.4 3 700,334.4 5

2009 494,096.36 494,096.36

2010 603,343.05 603,343.05

2011 705,284.95 705,284.95

326,111.0 3 1,818.18 22,778.33 57,391.86 444,099.3 9 34,455.41 47,532.95 81,988.36

21,435.45 21,435.45 472,660.91 1,172,995.3 7

24,753.64 24,753.64 578,589.41 1,751,584.7 8

24,753.64 24,753.64 680,531.32 2,432,116.1 0

6.3. Projected Cash flow Statement Dead line of investments retrieval (US $) 2007 2 008 Cash flow 362,111.03 398,896.38 CAPEX 47,532.95 60,672.95 Net cash flow 314,578.07 338,223.43 Cumulative cash flow 314,578.07 652,801.50

2009 2 010 2011 494,096.37 603,343.06 705,284.95 21,435.45 24,753.64 24,753.64 472,660.91 578,589.41 680,531.32 1,125,462.42 1,704,051.82 2,384,583.14

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6.4. Projected Balance Sheet Balance of cash flow (US $) Cash inflow Purchasing of equipments Exportation Total 57,039.55 57,039.55 214,112 Cash outflow 214,112 Cash balance - 214,112 57,039.55 157,072.45

Tax differential in common & Agreement systems (US $) Agreement system Common law system Loss recorded by the government Investments Imposts & Taxes Business profit tax Total 2,991.78 0 0 2,991.78 9,389.05 12,472.29 882,582.73 904,444.07 6,397.27 12,472.29 882,582.73 901,452.29

The different rates applied for the calculation of customs taxes are as follow: In agreement system: 7.5% In common law system: 26.85%; 32.75 % and 44.55 % Distribution of the value-added from 2007 to 2011 (US $) 2007 Household Company 21,006.55 362,111.0 3 2008 85,934.10 348,083.5 2 2009 88,081.31 443,283.5 0
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2010 87,652.78 551,513.9 2

2011 88,081.31 653,455.8 3

Total 369,028.97 2,358,447.8 0

Bank Government Total (VA/SR)%

5,983.69 0 389,101.2 6 57.81

4,909.78 0 438,927.4 0 67.61

3,724.39 0 533,362.1 2 68.57

2,415.93 0 641,582.6 3 69.26

971.64 0 742,508.7 9 69.08

18,005.44 0 2,745,482.2 0 66.94

VA: value added SR: sales revenue

7 GENERAL CONCLUSION & PERSPECTIVES This study reveals positive economic results for SANDI TROPICAL FRUIT PROCESSING COMPANY LTD. It shows the followings: A total added-value more than 2,727,272.73 US $ during the five years of study if the company operates in a agreement system A creation of 18 employments at the beginning and 22 in 2011 A continuous growth of profit, throughout all the period of study. In addition, the activities of SANDI ENTERPRISE CO., LTD. will contribute significantly to reduce the poverty of populations in BURKINA FASO, especially farmers. This project also aims to help the country to reduce its dependency from the bordering countries, by promoting the high potentiality of the fruit farm field. The project intend to have further cooperation with Taiwanese companies suppliers of processing machines and equipments, raw material, juices concentrate or any other ingredients involved in fruit juice processing. Equipment Specification No Total NT $ Preparatory Equipment Fruit & Vegetable 1 Washer Screen Washer 1
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Brush Washer Continuous Root Vegetable Peelers Batch Type Peelers Screw Type Peelers Trolley & Trays Pulpers / De-stoner Fruit Mills Blanchers / Exhausters Extractors Evaporating Systems Evaporator Pans Pre-heaters Fruit Processing Equipment Coarse Pulper Fine Pulper Fruit Crusher / Chopper Hot Brake & De-aeration System Screw Type Blancher Conveyor Type Blancher Bucket Type Blancher Screw Type Juice Extractors Hydraulic Press Forced Circulation Evaporators Falling Film Evaporators Thin Film Evaporators Vacuum Pan 450 Liter Capacity Vacuum Pan 750 Liter Capacity Vacuum Pan 1000 Liter Capacity Screw Type Pre-heater (Direct Injection Type) Screw Type Preheater (Indirect Heating) Ribbon Screw Blenders Ribbon Screw Blenders with heating Arrangement Double Cone blender Band Conveyor Dryer Shielded Drier Bin Drier Rotary Scrape surface Pasteurizer Plate Heat Exchanger Shell & Tube Heat Exchanger Tanks & Kettles Holding Tanks (Round Shell
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1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

Blenders

Dehydration Equipment Pasteurizer / Heat Exchanger

Tanks

/Conical Bottom) Standardization / Blending Tank 1 Balance Tank 1 Steam jacketed kettle (Tilting Type) 1 Steam jacketed Kettle (Fixed Type) 1 Kettles Fixed Type Kettle with Stirrer 1 Tilting Type Kettle with Tilting 1 type Pan Conveying Equipment Three way Inspection Conveyor 1 Inspection Conveyors with Waste Chutes Three Way Inspection Conveyor 1 Three Tier Inspection Conveyor 1 SS Roller Conveyor 1 Roller Conveyors MS Roller Conveyor 1 PVC Roller Conveyor 1 Plain Belt Conveyor 1 Conveyors Trough Type Belt Conveyor 1 Slat Type Conveyor 1 Wiremesh Belt Conveyor 1 MS / SS Plain Top Trolleys 1 Trolleys MS / SS Drum Handling Trolleys 1 MS / SS Crate Handling Trolleys 1 Filling, Seaming, Sealing, Capping Equipment Filler with Conveyor Track & 1 Carriers Rotary pump Omega Type Filler 1 S Type Filler with Feed Screw 1 Rotary Piston Filler 1 Inline Piston Filler 1 Piston filler Bag filling machine 1 Vacuum Filling Machine 1 Wiremesh Feed / Discharge 1 Conveyors Empty Can Washer / Sterilizer 1 Horizontal Retort 1 Trolleys for Horizontal Retorts 1 Sterilization equipment Cooling tunnel 1 Empty bottle depalletizer 1
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Packaging equipment

Glass bottle rinser filler capper Tunnel pasteurizing & cooling/warming Automatic shrinkable label inserting machine Wrap around packaging machine Automatic weight inspection machine Low level palletizer machine

1 1 1 1 1 1

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