Previous Page Table of Contents


ANNEXES

A N N E X 1

ASSESSMENT OF THE EX-FARM PRICE FOR AN EXPORT OF SHRIMPS
ON THE US MARKET

- Sales of 100 tons of head off frozen shrimps on the U.S. market.

US CLASSIFICATION
(TAIL/POUND)
% OF
PRODUCTION
(1)
AMOUNT
(POUNDS)
US $/
POUND
(2)
VALUE
(US $)
21/2512 26 5005,76 152 640
26/3030 66 3705,24 347 779
31/3526 57 5204,79 275 521
36/4016 35 4004,46 157 884
41/5013 28 7604,01 115 328
Various3 6 6401,5 9 960
 - Total CIF value 1 059 112
 - Transportation (0,5 US $/kg) 50 000
 - Precessing cost (0,7 US $/kg 70 000
 - Total ex-farm value for 100 tons headless shrimps 939 112
 - Ex-farm price/kg of headless shrimp 9,39
 - Ex-farm price/kg of whole shrimp (3) 6,26/kg

(1) Reference grow-out farms in Ecuador
(2) (US CIF Prices in October, November, December 1985) × 1,04
(3)

A N N E X 2

GENERAL DESCRIPTION AND INVESTMENT COST
OF A 500 HA GROW-OUT FARM

I - DESCRIPTION OF THE FACILITIES

A - Ponds

50 grow-out ponds of 10 ha (220 m × 455 m) each (the exact surface of each pond is adapted to the site topography) and 20 pregrowing ponds. All the ponds are earth made in digging and filling.

B - Pumping station

Marine or brackish water is directly supplied into the farm by a pumping station (52 000 m3/h). The daily water renewal rate is about 10 % of the ponds volume. A network of earth made channels supplies by gravity the water from the pumping station to the rearing ponds.

C - Buffer water volume

Buffer facilities are necessary between the pumping station and the rearing ponds. They will allow :

1st : As settling pond to reduce the silt content in the water (about 12 hours of settling are necessary).

2nd : To reduce the range of salinity variations inside of the rearing ponds.

In relation to the exact site topography, these buffer facilities will consist of :

- Either the main water supply channel,

- Or a specific settling pond (upstream of the ponds).

In that latter case, chicanes will be installed in the pond. They will increase the period of passage of the water and, thus, will improve the settling efficiency.

D - Housings and buildings

- One general operation building with :

-- Workshop and store,

-- Food storage,

-- Ice making plant,

-- packaging hall,

-- Office, wc, laboratory.

- One housing building for 50 workers, including one canteen for the whole staff ;

- One house with 2 flats.

E - Equipments and vehicles

- Technical equipments such as diesel power generators (for the buildings but also mobile units for fishing operations, etc…) and one ice making plant (500 kg/day) for brackish water.

- Laboratory equipments.

- Vehicles and operation equipments such as :

-- Agricultural tractors with loading platforms,

-- Small bulldozers for a regular cleaning of the ponds and the maintenance of the dikes,

-- Motorcycles,

-- A dredger for the maintenance of the settling pond and channels.

- Boats such as :

-- 2 barges (40 to 50 H.P.) for the logistic needs between Paramaribo and the farm site,

-- 55 light boats (5 H.P.) for feed supply in the ponds.

- Various miscellaneous equipments such as nets, scales, fish boxes, etc…

II - INVESTMENT COSTS ESTIMATE AND PLANNING

  Y E A R S
ITEMS LIFE PERIOD EXPECTANCY % OF FOREIGN COMPONENT TOTAL COST 1 2 3 4 5 6
Earthworks 15 years 25 % 3 081 200 970 800 351 680 615 600 879 360 263 760 -
Hydraulic works 15 years 65 % 3 078 000 250 000 1 021 200 375 000 803 400 628 400 -
Shed, buildings, miscellaneous buildings 10 years 60 % 1 802 490 95 000 650 000 100 000 506 000 451 490 -
Pumps 7 years 90 % 2 160 000 - 900 000 - 540 000 720 000 -
Dredging equipment 7 years 90 % 1 400 000 - - 600 000 - 800 000 -
Vehicles, boats 5 years 74 % 1 180 000 - 302 000 250 000 141 000 487 000 -
Various technical equipment 3 years 72 % 144 000 - 32 000 30 000 16 000 64 000 -
Engineering 15 years 10 % 1 539 780 379 780 290 000 290 000 290 000 290 000 -
TOTAL9,7 years 57 % 14 385 470 1 695 580 3 546 880 2 260 600 3 177 760 3 704 650 -

- All costs in S. Fl.
- Basis November 1986
- 1 US $ = 1,8 S.F1.

A N N E X : 3File: 500HA0
TABLE FOR FINANCIAL ANALYSISALL VALUES IN 000 SF1
Evaluation of FinancialBASIS FOR ALL VALUES : Nov. 1986
Internal Rate of Return (FIRR)CONSIDERED CHANGE RATE : 1 US $ = 1.8 SF1


PROJECT: 500 ha fare all costs YEAR123456789101112131415
INVESTMENTS 
HATCHERY 
Depreciation period: 20 yearsA1000000000000000
Depreciation period: 15 yearsB1000000000000000
Depreciation period: 10 yearsC1000000000000000
Depreciation period: 7 yearsD1000000000000000
Depreciation period: 5 yearsE1000000000000000
Depreciation period: 3 yearsF1000000000000000
 G1000000000000000
 H1000000000000000
 I1000000000000000
 J1000000000000000
 K1000000000000000
 L1000000000000000
GROW-OUT COMPLEX 
Depreciation period: 20 yearsA1000000000000000
Depreciation period: 15 yearsB116001662128019721182000000000-1503
Depreciation period: 10 yearsC1956501005064510000095650100506-1047
Depreciation period: 7 yearsD109006005401520000900600540152000-1398
Depreciation period: 5 yearsE1030225014148703022501414870302250141-383
Depreciation period: 3 yearsF1032301696301696301696301696-69
 G1000000000000000
 H1000000000000000
 I1000000000000000
 J1000000000000000
 K1000000000000000
 L1000000000000000
NG COSTS YEAR123456789101112131415
HATCHERY                 
feed
11000000000000000
packing materials
21000000000000000
animals
31000000000000000
operation materials
41000000000000000
staff
51000000000000000
services & supplies
61000000000000000
-energy
71000000000000000
-maintenance
81000000000000000
-insurance
91000000000000000
-miscellaneous
101000000000000000
technical assistance
111000000000000000
royalties (know-how)
121000000000000000
land lease
131000000000000000
 141000000000000000
 151000000000000000
GROW-OUT COMPLEX                 
feed
1100972118820792970325333743374337433743374337433743374
packing materials
21000000000000000
animals
310057679212241818198019801980198019801980198019801980
operation materials
410027276167676767676767676767
staff
512044296426638902943943943943943943943943943
services & supplies
61000000000000000
-energy
7100302302530756756756756756756756756756756
-maintenance
8100100100150270270270270270270270270270270
-insurances
9100100100150270270270270270270270270270270
-miscellaneous
1010083100168246264269269269269269269269269
technical assistance
111000000000000000
royalties (know-how)
121000000000000000
land lease
131171717171717171717171717171717
 141000000000000000
 151000000000000000
TOTAL INVESTMENTS                 
hatchery : INVHAT
  000000000000000
grow-out complex: INVGOC
  1695354622603175373630318346107111037312502366743-4400
total inv.: TOT INV
  1695354622603175373630318346107111037312502366743-4400
TOTAL OPERATING COSTS                 
hatchery: OCHAT
  000000000000000
grow-out complex: OCGOC
  37612473305250167316782079457945794579457945794579457945
total op. costs: TOTOC
  37612473305250167316782079457945794579457945794579457945
TOTAL COSTS  1732360747336227875273468138829190169048867610447831186883545
TOTAL REVENUES: REV 10033804507816911550132401408514085140851408514085140851408514085
NET CASH FLOW  -1732-3607-1353-1720-58342045102579450695037540936385774539710540
   discount factor= 0.26
   Net Present Value = 399      FIRR (I)= 26



A N N E X : 4File : 500HA1
TABLE FOR FINANCIAL ANALYSISALL VALUES IN '000 SF1
Calculation of FinancialBASIS FOR ALL VALUES : Nov. 1986
Internal Rate of Return (FIRR)CONSIDERED CHANGE RATE : 1 US $ = 1.8 SF1
PROJECT : 500ha fare foreign corp. YEAR123456789101112131415
INVESTMENTS 
HATCHERY 
Depreciation period: 20 yearsA1000000000000000
Depreciation period: 15 yearsB1000000000000000
Depreciation period: 10 yearsC1000000000000000
Depreciation period: 7 yearsD1000000000000000
Depreciation period: 5 yearsE1000000000000000
Depreciation period: 3 yearsF1000000000000000
 G1000000000000000
 H1000000000000000
 I1000000000000000
 J1000000000000000
 K1000000000000000
 L1000000000000000
GROW-OUT COMPLEX                 
Depreciation period: 20 yearsA1000000000000000
Depreciation period: 15 yearsB0.38608631.56486.4749.36449.16000000000-571.14
Depreciation period: 10 yearsC0.65739060303.6270.6000005739060303.6-628.2
Depreciation period: 7 yearsD0.908105404861368000810540486136800-1258.2
Depreciation period: 5 yearsE0.740223.48185104.34360.380223.48185104.34360.380223.48185104.34-283.42
Depreciation period: 3 yearsF0.72023.0421.611.5269.1221.611.5269.1221.611.5269.1221.611.5269.12-49.68
 G1000000000000000
 H1000000000000000
 I1000000000000000
 J1000000000000000
 K1000000000000000
 L1000000000000000
NG COSTS YEAR123456789101112131415
HATCHERY                 
feed
11000000000000000
packing materials
21000000000000000
animals
31000000000000000
operation materials
41000000000000000
staff
51000000000000000
services & supplies
61000000000000000
-energy
71000000000000000
-maintenance
81000000000000000
-insurances
91000000000000000
-miscellaneous
101000000000000000
technical assistance
111000000000000000
royalties (know-how)
121000000000000000
land lease
131000000000000000
 141000000000000000
 151000000000000000
GROW-OUT COMPLEX                 
feed
10.900875106918712673292830373037303730373037303730373037
packing materials
21000000000000000
animals
310057679212241818198019801980198019801980198019801980
operation materials
40.950026265864646464646464646464
staff
50000000000000000
services & supplies
61000000000000000
-energy
7100302302530756756756756756756756756756756
-maintenance
80.5700575786154154154154154154154154154154
-insurances
90000000000000000
-miscellaneous
100.500425084123132134134134134134134134134
technical assistance
111000000000000000
royalties (know-how)
121000000000000000
land lease
131000000000000000
 141000000000000000
 151000000000000000
TOTAL INVESTMENTS                 
hatchery : INVHAT
  000000000000000
grow-out complex : INVGOC
  6652078129316552517222352549369126122003257477-2791
total inv.: TOTINV
  6652078129316552517222352549369126122003257477-2791
TOTAL OPERATING COSTS                 
hatchery: OCHAT
  000000000000000
grow-out complex: OCGOC
  001877229638525588601361246124612461246124612461246124
total op. costs: TOTOC
  001877229638525588601361246124612461246124612461246124
TOTAL COSTS  66520783170395163705609624863797060703667378128638166023334
TOTAL REVENUES: REV 10033804507816911550132401408514085140851408514085140851408514085
NET CASH FLOW  -665-2078210556180059416992770670257049734859577704748310751
   discount factor= 0.64
   Net Present Value = -24      FIRR (I)= 64

A N N E X 5

GENERAL DESCRIPTION AND INVESTMENT COST
OF A 50 HA GROW-OUT FARM

(More details are given in Annex 2)

I - DESCRIPTION OF THE FACILITIES

A - Ponds

- 5 grow-out ponds of 10 ha each,

- 2 pregrowing ponds of 1 ha each.

B - Pumping station

- One pumping station with a 5 200 m3/h capacity.

C - Buffer water volume

- Buffer facilities (salinity and silt content) will consist of one large water supply channel.

D - Housing and buildings

- One operation building with :

-- Workshop and store,

-- Food storage,

-- ice making plant,

-- office, wc, laboratory,

-- flat for the farm manager.

- One housing building for 15 workers, including one canteen.

E - Equipments and vehicles

- Diesel power generators (1 for the buildings + 1 mobile unit for fishing operations) ;

- One ice making plant (500 kg/hour) ;

- Laboratory equipment ;

- Vehicles and operation equipments such as :

-- One agricultural tractor and loading platform ;

-- one small bulldozer ;

-- One motorcycle.

- A small dredger for the maintenance of the channels ;

- 1 barge (50 H.P.) for the logistic needs between Paramaribo and the farm site and 5 light boats (5 H.P.) ;

- Various miscellaneous equipments such as nets, scales, fish boxes, etc…

II - INVESTMENT COSTS ESTIMATE AND PLANNING

- All costs in Suriname Florin

- Basis November 1986

- 1 US $ = 1,8 S. Fl.

ITEMSLIFE PERIOD
EXPECTANCY
% OF
FOREIGN COMPONENT
TOTAL COSTYEARS
12
Earthworks15 years25 %384 800276 000108 800
Hydraulic works15 years65 %266 80080 000186 800
Shed, building and miscellaneous buildings10 years61 %371 50035 000336 500
Pumps7 years90 %330 000-330 000
Vehicles, boats5 years58 %171 000-171 000
Technical equipments3 years72 %36 000-36 000
Engineering15 years10 %209 88084 000125 880
TOTAL9,4 years53 %1 769 980475 0001 294 980


ANNEX : 6File: 50HAA0
TABLE FOR FINANCIAL ANALYSISALL VALUES IN '000 SFl
Calculation of FinancialBASIS FOR ALL VALUES : Nov. 1986
Internal Rate of Return (FIRR)CONSIDERED CHANGE RATE : 1 US $ = 1.8 SFl
PROJECT : 50ha fare all costs YEAR123456789101112131415
INVESTMENTS 
HATCHERY 
Depreciation period: 20 yearsA1000000000000000
Depreciation period: 15 yearsB1000000000000000
Depreciation period: 10 yearsC1000000000000000
Depreciation period: 7 yearsD1000000000000000
Depreciation period: 5 yearsE1000000000000000
Depreciation period: 3 yearsF1000000000000000
 G1000000000000000
 H1000000000000000
 I1000000000000000
 J1000000000000000
 K1000000000000000
 L1000000000000000
GROW-OUT COMPLEX                 
Depreciation period: 20 yearsA1000000000000000
Depreciation period: 15 yearsB1440421.48000000000000-85
Depreciation period: 10 yearsC135336.50000000035336.500-256
Depreciation period: 7 yearsD1033000000033000000-47
Depreciation period: 5 yearsE101710000171000017100-68
Depreciation period: 3 yearsF10360036003600360036-24
 G1000000000000000
 H1000000000000000
 I1000000000000000
 J1000000000000000
 K1000000000000000
 L1000000000000000
OPERATING COSTS YEAR123456789101112131415
HATCHERY                 
feed
11000000000000000
packing materials
21000000000000000
animals
31000000000000000
operation materials
41000000000000000
staff
51000000000000000
services & supplies
61000000000000000
-energy
71000000000000000
-maintenance
81000000000000000
-insurances
91000000000000000
-miscellaneous
101000000000000000
technical assistance
111000000000000000
royalties (know-how)
121000000000000000
land lease
131000000000000000
 141000000000000000
 151000000000000000
GROW-OUT COMPLEX                 
feed
1100251307349349349349349349349349349349349
packing materials
21000000000000000
animals
3100158218218218218218218218218218218218218
operation materials
41007777777777777
staff
51017108139139139139139139139139139139139139
services & supplies
61000000000000000
-energy
710076767676767676767676767676
-maintenance
810035353535353535353535353535
-insurances
910035353535353535353535353535
-miscellaneous
1010023272929292929292929292929
technical assistance
111000000000000000
royalties (know-how)
121000000000000000
land lease
131222222222222222
 141000000000000000
 151000000000000000
TOTAL INVESTMENTS                 
hatchery:INVHAT
  000000000000000
grow-out complex: INVGOC
  47512950036017136330071508036-480
total inv.: TOTINV
  47512950036017136330071508036-480
TOTAL OPERATING COSTS                 
hatchery: OCHAT
  000000000000000
grow-out complex: OCGOC
  219695845889889889889889889889889889889889
total op. costs: TOTOC
  219695845889889889889889889889889889889889
TOTAL COSTS  4771314695845925889106092512198899601396889925409
TOTAL REVENUES: REV 100845112714091409140914091409140914091409140914091409
NET CASH FLOW  -477-1314150281484520349484190520449125204841000
   discount factor: 0.17
   Net Present Value: 5       FIRR (%): 17


ANNEX : 7File: 50HA1
TABLE FOR FINANCIAL ANALYSISALL VALUES IN '000 SFl
Calculation of FinancialBASIS FOR ALL VALUES : Nov. 1986
Internal Rate of Return (FIRR)CONSIDERED CHANGE RATE : 1 US $ = 1.8 SFl
PROJECT : 50ha fare foreign corp. YEAR123456789101112131415
INVESTMENTS 
HATCHERY 
Depreciation period: 20 yearsA1000000000000000
Depreciation period: 15 yearsB1000000000000000
Depreciation period: 10 yearsC1000000000000000
Depreciation period: 7 yearsD1000000000000000
Depreciation period: 5 yearsE1000000000000000
Depreciation period: 3 yearsF1000000000000000
 G1000000000000000
 H1000000000000000
 I1000000000000000
 J1000000000000000
 K1000000000000000
 L1000000000000000
GROW-OUT COMPLEX                 
Depreciation period: 20 yearsA1000000000000000
Depreciation period: 15 yearsB0.34149.6143.3032000000000000-28.9
Depreciation period: 10 yearsC0.6121.35205.2650000000021.35205.26500-156.16
Depreciation period: 7 yearsD0.9029700000029700000-42.3
Depreciation period: 5 yearsE0.58099.18000099.18000099.1800-39.44
Depreciation period: 3 yearsF0.72025.920025.920025.920025.920025.92-17.28
 G1000000000000000
 H1000000000000000
 I1000000000000000
 J1000000000000000
 K1000000000000000
 L1000000000000000
OPERATING COSTS YEAR123456789101112131415
HATCHERY                 
feed
11000000000000000
packing materials
21000000000000000
animals
31000000000000000
operation materials
41000000000000000
staff
51000000000000000
services & supplies
61000000000000000
-energy
71000000000000000
-maintenance
81000000000000000
-insurances
91000000000000000
-miscellaneous
101000000000000000
technical assistance
111000000000000000
royalties (know-how)
121000000000000000
land lease
131000000000000000
 141000000000000000
 151000000000000000
GROW-OUT COMPLEX                 
feed
10.900226276314314314314314314314314314314314
packing materials
21000000000000000
animals
3100158218218218218218218218218218218218218
operation materials
40.95006666666666666
staff
50000000000000000
services & supplies
61000000000000000
-energy
710076767676767676767676767676
-maintenance
80.530019191919191919191919191919
-insurances
90000000000000000
-miscellaneous
100.50011141414141414141414141414
technical assistance
111000000000000000
royalties (know-how)
121000000000000000
land lease
130000000000000000
 141000000000000000
 151000000000000000
TOTAL INVESTMENTS                 
hatchery: INVHAT
  000000000000000
grow-out complex: INVGOC
  171771002609926297047304026-284
total inv.: TOTINV
  171771002609926297047304026-284
TOTAL OPERATING COSTS                 
hatchery: OCHAT
  000000000000000
grow-out complex: OCGOC
  00496608647647647647647647647647647647647
total op. costs: TOTOC
  00496608647647647647647647647647647647647
TOTAL COSTS  171771496608673647746673944647694951647673363
TOTAL REVENUES: REV 100845112714091409140914091409140914091409140914091409
NET CASH FLOW  -171-7713495187367626627364657627144577627361046
   discount factor: 0.53
   Net Present Value = -7      FIRR (%)= 53

ANNEX 8

PLANNING OF THE MISSION

10/11/86 :Arrival to Paramaribo of the 3 experts.
11/11/86 :-Meeting in State Commission for Fisheries
 -Meeting in SURLAND office
 -Meeting in SAIL office (with visit of the facilities)
 -Meeting in VITALO N.V. office (with visit of the facilities).
12/11/86 :-Visit of Mr Van Alen's freshwater prawn project
 -Visit of the preselected site for the pilot demonstration farm.
13/11/86 :-Meeting in State Commission for Fisheries
 -Aerial survey of the Suriname coast.
14/11/86 :-Meeting in the Ministry of Agriculture
 -Meeting in the french Embassy.
15 and  
16/11/86 :Project preparation
17/11/86 :-Meeting in State Commission for Fisheries
 -Meeting in the Ministry of Agriculture
18/11/86 :-P. Garen (Aquaculturist)'s departure to France
 -Reporting.
19/11/86 :-Visit of the project site
 -Meeting in the State Commission for Fisheries
 -Meeting with potential investors.
20/11/86 :Reporting
21/11/86 :-Reporting
 -Meeting with potential investors.
22 and  
23/11/86 :Reporting
24/11/86 :Departure to France of the civil engineer (B. Detante) and the economist (Ph Lemercier).
28/11/86 :Meeting in Rome between Mr Lemercier and FAO officers (MM J.G. Simpson, T.O. Petr and Padroni).

ANNEX 9

LIST OF PERSONS MET IN SURINAME

MINISTRY OF AGRICULTURE, ANIMAL HUSBANDRY, FISHERIES AND FORESTRY : P.O. box 1153 Paramaribo

- C. ARDJOSEMITO : Minister of Agriculture

- G. SOERJOESING : Permanent secretary

- F. DEL PRADO : Deputy permanent Secretary

- A. JAGBANDHAN : Foreign and Juridical Affairs

STATE COMMISSION FOR FISHERIES : Anton Dragtenweg 81 - Paramaribo

- René B.L. LIEVELD

- DIRK POTTIER, VISSERIJDIENST (Economist)

- M. ACKERMAN (Civil engineer)

SOIL SURVEY DEPARTMENT : Hoek Coppenamlaan (Duisburg laan - Paramaribo

- B. PARAN

- J. JANSSEN

- A. HANDJOPARWIRO

SAIL : (Shrimp processing plant)

- M. ROBLES

VITALO N.V. : PO Box 2018 - Paramaribo

- D.H. Liong A Kong

PRIVATE POTENTIAL INVESTORS

    YEARS
ITEMSLIFE PERIOD EXPECTANCY% OF FOREIGN COMPONENTTOTAL COST123456
Earthworks15 years25 %3 081 200970 800351 680615 600879 360263 760-
Hydraulic works15 years65 %3 078 000250 0001 021 200375 000803 400628 400-
Shed, buildings, miscellaneous buildings10 years60 %1 802 49095 000650 000100 000506 000451 490-
Pumps7 years90 %2 160 000-900 000-540 000720 000-
Dredging equipment7 years90 %1 400 000--600 000-800 000-
Vehicles, boats5 years74 %1 180 000-302 000250 000141 000487 000-
Various technical equipment3 years72 %144 000-32 00030 00016 00064 000-
Engineering15 years10 %1 539 780379 780290 000290 000290 000290 000-
TOTAL9,7 years57 %14 385 4701 695 5803 546 8802 260 6003 177 7603 704 650-

- All costs in S. Fl.
- Basis November 1986
- 1 US $ = 1,8 S.F1.

YEAR19781979198019811982198319841985
Shrimp catches (Tons)2 7083 1643 0963 7773 7103 2892 7542 413
Shrimp exports (Tons)2 7523 1163 1133 7313 3033 0863 2562 167
Value of shrimp exports (in million US $)21,330,730,9414233,93624,6

(Source : State Commission for Fisheries)


Previous Page Top of Page