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1. Information on the Project:
Favorable conditions for the development of the project: In October 2002, the Science and Technology Ministry of the State designated Maiquer Group as the key organization on key technology research relating to milk industry and integrative demonstration of industrialized technologies (Nongshe zi No.［2002］351 issued by the Science and Technology Ministry of the State). This project is one of the research programs.
2. Total Investment and raise of capital
The estimated investment of the project is 29 million RMB yuan. Our party can independently invest the project, but in order to utilize funds more effectively, we decided to introduce investment to the project. Our party will make an investment over 18 million RMB yuan, the investment of partner is less than 11 million RMB yuan.
3. Mode of investment::
A、Fund (√) B、Technology() C、Equipment()
4. Cooperative mode: Share-holding. Cooperation Term: Long Term. Investment Return Period: 3.3 years. Investment Profit Rate: ≥19%.
5. The Policy of the State on the project:
Encouraged(√) Permitted( ) Restricted( )
6. Progress of Project: This project has been started. It is anticipated that the construction and investment will be completed in November 2003 and the project will be go on operation in 2004.
7. Estimated Economic Benefit: Sales Income: 20.024 million yuan. Profit: 12.292 million RMB yuan/Year. Sales profit tax rate: 46％.
8. Information of organization proposes the project or administrative organization of the project:
Xinjiang Maiquer Group Co., Ltd. was established on May 30, 2002 with the registration capital of 139.99 million RMB yuan. As a Stock company, it engages in the following businesses: bread, cake, ice products, instant food and non-staple food, drinks, milk products, the processing, wholesaling and retailling of pure water, purchase of fresh milk, houses lease, stockbreeding, sales of food additives, Chinese style and Western style food, entertainment, accommodation, import and export business in accordance with relevant regulation of the Ministry of Foreign Tradde and Economic Relations, the processing and sales of agricultural products and realty management.
9. Contact:
Person to contact: Zhang Jun
Tel: 0994—2518888 extension 8999
Fax: 0994—2516699
E-mail: zhangjun25013082@163.com
Website: www.maiquer.com Post Code: 831100
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