Project Emerald

Project Emerald

ContentAbout the companyThe propositionUSPPromoters and ManagementMarketing and CompetitionFinancial Summary

About the companyProject Emerald is an exclusive Tea manufacturer with all its Tea plantations located in High Grown elevations.The company has 21 estates with a total land extent of 10,194 hectares( hectares : Acres)The company owns 44% of a 1.2MW generating mini hydro power plant.

PropositionTo source Strategic partner

USPSome of the estates owned by the company fetch highest tea prices at tea auctions mostly above LKR1,000 compared to the average of LKR450. The company achieves a production yield of 1,400kgs per hectare which is in line with average industry standards.

Promoters and ManagementPromoter is a listed company in Colombo Stock Exchange having business interest on Tea, Rubber, Palm Oil and Chemicals

Marketing and CompetitionColombo gains highest tea auction prices compared to other major tea markets such as India and Kenya.FAO projects world tea consumption to rise by 1.8% per annum as customers are increasingly becoming more health conscious.

Financial SummaryUSD201220132014E2015E2016ETotal Equity1.47mn1.49mn1.57mn1.68mn1.87mnTotal Assets25.5mn26.2mn27.6mn29.4mn31.4mnBorrowings3.9mn3.5mn3.7mn3.9mn4.1mnRevenue23.2mn24.4mn24.7mn25.7mn27.1mnGross Profit-1.8mn1.8mn1.9mn2.0mn2.2mn