Export Import plan of Wereta International Business PLC

1. Introduction
Ethiopia was following the two major trade policies, Import substitutions during the majesty
period and export promotion during the Derge regime and both of them simultaneously at the
EPRDF regime. A countries balance of payment which is a barometer of the economy is
determined by the relative strength between import and export. But the most important part of
the BOP is the trade balance which is determined by the amount of goods and services
exported and imported over a period of time.
The Ethiopian trade balance was positive only in one period and it was during the Majesty
period, in the rest it continues to be negative to date. This implies that import exceeds export.
The gap between import and export is widening from period to period. The average annual
growth rate is 8.4% between 2006/7 up to 2021/22. Whereas export and import were growing
annually on average by 9.5% and 8.5% respectively during the same period.
Wereta International Business PLC has started import and export in the year 2009/10. During
this time the company has exported 30 quintals of coffee to Germany and imported tire from
China (Alemayehu Mihretie). Then after the company expands and diversified its import and
export and continues this business to date. The company is majorly exporting agricultural
commodities such as oil seeds, pulses and coffee. From this foreign currency earned we
import different kinds of industrial products. To mention some heavy-duty Vehicles,
construction machineries, agricultural machineries, tire, generators are imported and traded.
For the sake of administration purpose and the strong relationship between import and export
they organized under one Directorate. In addition to these the transit unit which clears import
and export in the custom is found under this Directorate. For the period of 2023/24 we
presented the plan for the three units separately as follows.
i. Export is divided in to two sub units:
 Coffee export managing unit
 Oilseeds and pulses export managing unit
ii. Import: this unit manages all the import of the company
iii. Transit unit which processes all the imports and exports of the company using the
sister company license named “SENSWA”.
2. Export Performance of the country
Ethiopia exports different commodities to the rest of the world but the major one is
agricultural product which is price inelastic in the world market. The followings are the major
exporting commodities to the rest of the world.

Share of major export commodities: Table 1

S.n Types of Commodities % share to the total
export
1 Coffee 34.3%
2 Flower 13.2%
3 Gold 13.3%
4 Chat 9.5%
5 Oil seeds 6.5%
6 Pulses 5.3%
Source: NBE annual report 2021/22

Destiny of exports. Table 2

1
 S. Types of commodities % Share
n
1 Europe 40.8%
2 Asia 33.1%
3 Africa 15.9%
4 USA 9.4%
Source: Source: NBE annual report 2021/22
2.1. Coffee Export plan of wereta
Ethiopia is one of the green coffee exporters, the type which is categorized as Brazilian
naturals under which Brazil and Paraguay are found. The type of coffee traded at world
market is generally divided in to four types, these are Brazilian naturals, Colombian mild’s,
Arabic’s and Brazilian naturals and Robusta (European coffee report 2022.23).
Ethiopia is ninth out of the top 20 green coffee exporter to the EU 27 areas. It shows the 2nd in
Africa next to Uganda which stood 3rd out of the top 20.
Major buyers of the Ethiopia coffee are Germany, Saudi Arabia, U.S.A., Belgium, France and
Netherlands. The top four coffee consuming countries in 2022 were EU (24%), USA (18%),
Brazil (13%), Japan (4%) and the rest of the world contributes the remaining 44%.
There are 375 coffee exporters in Ethiopia. In 2022/23 Ethiopia exports 160,905.75 tons of
coffee (45159.56 washed and 115746.19 unwashed coffee) with a value of 880,010,890 USD.
Out of these our company exports only 0.2%.

The top ten coffee exporters in the last 9 months of 2022/23 exports 46,149.4 tones with a
value of 824,514,180 USD. Which accounts 28% of the total export. The average price per
tone is 5,469 USD or 5.47 USD per kilo gram.
Ten top Coffee Exporters of Ethiopia Table 3
Sn Exporter name Volume Value
1 Kerchanshe trading p.l.c 8,636.76 49,736.45
2 Tracon trading private limited com 7,512.66 44,087.83
3 Hadeed trading private limited comp 9,728.40 42,688.00
4 Abdulhakim mohamed gelato 8,278.00 33,765.33
5 Adulina coffee exporter plc 4,970.40 29,207.93
6 Arfasa general trading plc 4,297.20 20,255.15
7 Bnt industry & trading p.l.c 2,498.88 19,310.95
8 S.a bagersh private limited company 2,902.65 19,256.38
9 Zelaleme eshetu g/amanueil 3,910.20 17,311.12
10 Sidama cofee farmers coopera union 2,175.27 17,004.31
Total 46,149.4 824,514,400
Ministry of Coffee and Tea(2023)

Major Destines of Ethiopian Coffee Table 4

1 Volcafe limited 5f create 6 Olam international limited 11 Al-mustaneer trading est
kobe,80

2
 2 Equatorial traders limited 7 Touton geneva sa 12 Mercon coffee corporation

3 Falcon coffees limited 25-26 8 Coffee ithaka sa 13 Al-jemeel

high

4 Trabocca bv 9 Bin mahafuz 14 Trc

5 Sucafina sa 10 Nkg 15 Group spoex

To increases our market share of Coffee export the following coffee export plan is developed.
Wereta International Business PLC bought green Arabica coffee beans from the
domestic market to export Europe, , UAE, China and the rest of the world. The
objective of this plan is to briefly present the market analysis and strategies to attain
our goal to be one of the top twenty exporters in Ethiopia. Our general plan is to
export one hundred eighty containers of green coffee to generate 15 million USD.
The plan is very specific and brief to make it presentable and the goals are measurable.
The detailed export schedule will be represented every three months to be flexible with
the market.

2.1.1 Target
1. To export 180-200 containers (3,456.0mt –3,840.0mt)
2. To be listed in the top twenty Ethiopian coffee exporter in the year ahead.
3. By doing so to generate 12-15 million USD revenue.

2.1.2 Market analysis

A well-known importers of Arabica coffee from Ethiopia are Europeans, UAE, and
Americans and recently Chain also joined the market aggressively.
i. European Market
The political instability in Europe and the highest economic inflation registered in
European countries make the coffee export business a bit challenging. And most
coffee traders are forced to substitute their speciality coffee demand with
conventional coffee which is considered to be affordable and a good solution to
their situation.

NB:- Since we are also working with so many European traders we

have to focus on collecting conventional coffees like Nekempti,
Djimah and Sidamo 4 to be competent in the market.

ii. UAE Market

UAE coffee importers are well known for their conventional coffee demand. From my
last year personal experience, I can tell that the Saudi Arabian market is getting match
more attractive than the European market. Since most UAE traders are offering
relatively good prices and large volumes per contract, we have to prioritise and plan to
work with them.

iii. China Market

Recently china is being a new and fast-growing coffee and agricultural product
importer. The increase in the number of independent speciality roasters in China

3
contributed to the increased demand for Ethiopian coffee. The last year's
performance of chines importers is also a good indicator.

iv. Market penetration strategy

The European trader's conventional coffee demand increment, the UAE's known
interest in natural coffees and the overall economic situation of the world will force us
to focus on conventional coffee export than washed and speciality coffee.
The market overview implies that Natural coffee which is at a conventional level
should cover more than 70% of our export and the rest will be covered by washed
coffee and speciality coffee.Therefore, to expand production capabilities and to fulfil
the request of importers mentioned in the marketing analysis, with whom we are
planning to deal for larger orders.
To get a large volume of coffee within desired quality and reasonable price and to
secure our export market we use the following strategies: -
1. Create vertical integration with natural and washed coffee suppliers
2. Field visiting
3. Quality control
4. Attending coffee exhibitions
A) Vertical Integration
We have to be vertically integrated with both natural and washed coffee suppliers to
secure a large volume of coffee supply.
When we deal with washed coffee suppliers, we have to pre-finance them and in
return, we can get good-quality coffee at a reasonable price.

High-quality washed coffee-producing areas are:-

Washed coffee suppliers Table5

Sidamo area Yirgachefe area Guji area
Aleta wondo Yirga chefe Lensebo
Dara Dila area Large
Teferi Kela Wedigo area
Bensadaya
Chiri
Aleta Chuko

Conventional (commercial) coffee-producing areas we have to be vertically

integrated with are:-

Conventional Coffee suppliers. Table 6

Lekempti Djimah Sidamo
Kelem whole

The advantage of being vertically integrated with Conventional coffee suppliers is not
limited to securing coffee for our export contract, but also depending on the market
condition there are possibilities of getting coffee by credit, which is extended
for a month or two.

B. FIELD VISIT

4
Visiting the washing stations of our suppliers before and after pre-financing is
mandatory. During the field visit we can control the production quality of the
suppliers and we also create intimacy with suppliers for our long-running business.

C. QUALITY CONTROL

Being proactive on the quality of coffee we are going to collect and export is
necessary to avoid on the run obstacle and serious losses in the business.
Our quality controlling team will be assigned for each field visit to check on the
production process of our suppliers and in addition to that, they will collect coffee
samples to keep on record. The arrival coffee also will be sampled.

D. Attending coffee exhibitions

Advantages of Attending Coffee Expos

Networking. Networking is a biggie, no matter which industry we are in. Growing our
audience means growing our business, and attending an exhibition helps with that.
Standing out from the crowd and getting our voice heard can be challenging, and, if
we’re trying to get new clients with just cold calling and emails, for example,
we may find ourselves being ignored.

Meeting someone face-to-face, however, it’s another matter. A trade show allows us
to meet with a potential customer and connect with them and, while some
clients buy (sign contracts on) our products during the exhibition, others won’t – but
they may be a lot more responsive to our sales pitch once they know us.

Compare that with emailing a Purchasing Manager or speaking to them on the

phone, for example; they’re likely to have responsibilities to deal with and may not be
as interested as they are when attending an exhibition in their field
Hold customer meetings. Industry events provide an opportunity to meet with a
large number of existing trade partners in one forum. Use the time to discuss
ongoing or new business matters and socialize with customers. In addition to
formal business meetings, social activities build trust, which is of critical
importance in the speciality coffee niche.

Gather intelligence. Use shows to learn how other coffee exporters promote. Visit
competitor displays to gauge their effectiveness. Taste coffees from other exporters to
better understand the competition. Adapt good ideas from your competitors for your
marketing plan.

Generally, to attain our annual goal and bulled a sustainable market for our
company, the coffee exporting department has to attend the coffee exhibitions
selectively and attentively.

Total amount of coffee to be procured vertically. Table 7

Type of coffee
Unwashed
S. Origin Quantity (Mt) Unit price /M value
N

5
.
1 Djimma/Lekemete 2,304 250,000 576,000,000

Total amount of coffee to be rejected. Table 8

Type of coffee
Unwashed
S.N Origin Quantity (Mt) Unit price /M value
.
1 Dimma/Lekemete 384 200,000 76,000,000

Quarterly procurement plan Table 9

S. Type of 1ST Quarter 2nd quarter 3rd Quarter 4th Quart
N. coffee Quantity Value Quantity value Quantity value Quantity value
1 Unwashed 576 144,000,000 576 1,440,000 576 144,000,000 576 1,440,0

Quarterly Export plan Table 10

S.N Type of 1 Quarter
ST
2 quarter
nd
3rd Quarter 4th Quarter
. coffee Quantity Value Quantity value Quantity value Quantity value
1 Unwashed 480 1,650,000 480 1,650,000 480 1,650,000 480 1,650,0

Wereta International Business PLC

Gross Profit/Loss Analysis
Coffee
Sales
Quarter 1 2 3 4 Total
Unwashed 165,000,000 165,000,000 165000000.00 165000000.00 660,000,000
Total 165,000,000 165,000,000 165,000,000 165000000 660,000,000
Cost 144,000,000 144,000,000 144,000,000 144,000,000 576,000,000
Gross profit 21,000,000 21,000,000 21,000,000 21,000,000 84,000,000

COFFEE EXPORT WORK FLOW

COFFEE
PURCHESING
AND STOCK

6
 MARKET
SEARCHING

CONTRACT
AGREEMENT

LOC OPENING
(OPTIONAL)

CLEANING AND REJECT COFFEE

PACKING MANAGEMENT

LOADING, RESIVING BILL OF

SEALING AND LOADING AND
SHIPPING DOCUMENT SUBMISSION
TO BANK

2.1.3. REJECT COFFEE MANAGEMENT

After purifying the arrival coffee there is no need to keep rejected coffee in our store unless
the local market is bumming in a significant amount that exceeds the daily rental cost.

Arrival Coffee Purified Coffee

7
 Reject

The two major advantages of moving rejected coffee to ECX are:

 We can get cashback to purchase arrival coffee.
 Minimizes store rental cost.

2.2. Oil seeds and pulses export plan

Oil seeds and pulses accounts the 5th and 6th stages consecutively of the Ethiopian export
commodities in the year 2021/22. Our company didn’t export these commodities since 2020.
This was due to different reasons.

2.2.1 Oil seeds export plan

Oil seeds export performance of 2023/24 ten months. Table

11
Commodity type MT Fob value in USD
Ssesame seeds 104,292.59 183,436.85
Niger seeds 10,973.72 14,666.65
Castor oil 4,901.30 4,483.15
Ground nut 0.70 1.16
Pumpkin seed 83.00 194.28

8
 Sun flower 4.79 8.78
Rape seed 1.41 1.84
Lin seeds 2.39 8.89
Total 120,259.90 202,801.60

Top ten oil seeds destiny countries. Table 12

Destiny MT FOB in USD,000
Israel 38,502.56 68,516.35
United Arab 18,737.75 31,075.27
Emirates
Singapore 12,402.90 21,109.58
Viet Nam 9,046.80 14,264.70
United States 6,866.41 9,376.98
China 3,778.00 6,447.47
Japan 2,755.00 5,086.28
Germany 1,885.60 2,442.34
India 1,410.00 2,202.36

Out of 42 oil seeds importing countries, the top ten countries import 88% of it.
Ethiopian oil seeds export performance of the last 10
months. Table 13
 The export volume of Oil seeds Decreased by 17
%.
 Sesame seed Decreased by 15%
 Niger Seed Decreased by 31%
 castor seeds Increased by 0%
 Pumpkin seeds Decreased 36%
 Ground nut Decreased by 99%
 sun flower Increased by 37%

2.2.2. Pulse export plan

Pulses export performance of the last 10 months of 2023/24 Table

14
Pulse type MT Fob values in 000
Soya bean 104,813 71,725
Green mung beans 55,449 75, 198
White pea beans 28,777 23,845
Chick peas 10,084 8,465
Red kidney beans 59,519 32,264
Speakled kidney beans 15,387 17,870
Pinto beans 392 366
Horse beans 10,875 8,070
Black kidney beans 3,280 2,908
Light brown kidney beans 7724 6,673
Pigeon peas 3775 2,708

9
 Lupin 2382 1,121
Cream beans 3960 3,563
Lentiles 0.08 0.17

Top ten pulse importing countries Table 15

Kenya 34,362.33 14,752.16
India 88,963.73 64,035.06
Viet Nam 25,640.00 18,655.27
China 5,034.00 3,036.01
Turkey 7,767.14 6,487.27
South Africa 1,728.00 1,040.50
Singapore 24,567.52 21,627.68
United Arab Emirates 23,936.00 18,910.51
Indonesia 8,856.00 11,050.25

The export volume of Pulse by 81 % in comparison with The last

10 Mmonths. Table 16
 Soya bean Increased by 346%
 Green mung Increased by 75%
 White peabean Increased 5%
 Red Kidney bean Increased by 196%
 Pinto beans Decreased 95%
 Chick peas Decreased 46%
 Speckled kidney beans Decreased. 11%
 Pinto beans Decreased 94%
 Horse beans Increased 19%
 Black kidney beans Increased 141%
 Light brown kidney beans Increased. 1%
 PIigeon peas Increased 180%
 Lupin Increased 86%
 Cream/Haricot/ beans Increased 30%

Total amount of oil seeds and pulses to be procured. Table 17

Orgin Oil seeds Pulses
Quantity Unit Value(birr) Quantity Unit price value
(Mt) price(birr) (Mt)
1035.5 142,588,255 2033. 108,205,890

Total amount of oil seeds and Pulses to be procured

Oil seeds Origin Pulses

Origin Quantity(MT) U/price Value(birr) Quantity Unit value
in ETB (MT) price
Humera 399.00 157,650 62,902,350 Soya 235.40 42,750 10,063,350
Welega 414.20 146,900 60,845,980 RKB -G 385.20 63,080 24,298,416
Niger 222.30 84,750 18,839,925 RKB - S 256.80 60,940 15,649,392
WPB 256.80 55,590 14,275,512
Kabuli 256.80 58,800 15,099,840
Desi 256.80 48,100 12,352,080

10
 Beans 128.40 42,750 5,489,100
Others 256.80 42,750 10,978,200
Total 1035.50 142,588,255 2033.00 108,205,890

Total amount of Oil seeds and pulses to be rejected. Table 18

Oil seeds Pulses

S.N. Origin Quantity Unit Value(birr Quantity Unit value
(Mt) price ) (Mt) price
1 80.5 8,633,625 213.5 5,209,600

Total amount to be reject on oil seeds and Pulses to be procured

Oil seeds Pulses

Origin Quantity(MT) U/price Value(birr) Origin Quantity Unit value
(MT) price
Humer 19.00 157,650 2,995,350 Soya 15.40 42,750 658,350
a
Welega 34.20 146,900 5,023,980 RKB - 25.20 63,080 1,589,616
G
Niger 27.30 84,750 2,313,675 RKB - 16.80 60,940 1,023,792
S
WPB 16.80 55,590 933,912
Kabuli 16.80 58,800 987,840
Desi 16.80 48,100 808,080
Beans 8.40 42,750 359,100
Others 16.80 42,750 718,200
Total 80.50 10,333,005 133.00 7,078,890

Quarterly procurement oil seeds and pulses plan (Mt) Table 19

S. Type of 1ST Quarter 2nd quarter 3rd Quarter 4th Quarter
N coffee Quantity Value Quantit value Quantit value Quantit value
. y y y
1 Oil 190 20,377,500 380 39,710,000 385 31,130,000
seeds
2 Pulses 470 19,591,000 350 13,651,000 480 22,638,000 600 27,258,00

Quarterly Procurement plan – Oil seeds

Item 1ST Quarter 2nd quarter 3rd Quarter 4th Quarter Total
Quantity Value Quantity value Quantity value Qty value
Humera 199.50 31451175 199.50 31451175
Welega 207.10 30422990 207.10 30422990
Niger 222.30 18839925
Seed
Total 199.50 31,451,175 406.60 61,874,165 429.40 49,262,915

Quarterly reject – Oil seeds

Item 1 Quarter
ST
2nd quarter 3rd Quarter 4th Quarter Total
11
 Quantity Value Quantity value Quantity value Qty value
Humera 9.50 1497675 9.50 1497675
Welega 17.10 2511990 17.10 2511990
Niger 27.30 2313675
Seed
Total 9.50 1497675 26.60 4009665 44.40 4825665

Quarterly Procurement plan – Pulses

Item 1ST Quarter 2nd quarter 3rd Quarter 4th Quarter Total
Qty Value Qty value Qty value Qty value
Soya 117.70 5031675 117.70 5031675
RKB G 128.40 8099472 128.40 8099472 128.40 8099472
RKB S 128.40 7824696 128.40 7824696
WPB 128.40 7137756 128.40 7137756
Kabuli 128.40 7549920 128.40 7549920
Desi 128.40 6176040 128.40 6176040
Beans 128.40 5489100
Others 128.40 5489100 128.40 5489100
Total 502.90 25758003 374.50 18345471 513.60 29650128 642.00 34452288

Quarterly Rejected – Pulses

Item 1 Quarter
ST
2nd quarter 3rd Quarter 4th Quarter Total
Qty Value Qty value Qty value Qty value
Soya 7.70 329175 7.70 329175
RKB G 8.40 529872 8.40 529872 8.40 529872
RKB S 8.40 511896 8.40 511896
WPB 8.40 466956 8.40 466956
Kabuli 8.40 493920 8.40 493920
Desi 8.40 404040 8.40 404040
Beans 8.40 359100
Others 8.40 359100 8.40 359100
Total 32.90 1685103 24.50 1200171 33.60 1939728 42.00 2253888

Quarterly Export plan – Oil seeds & Pulses

S.N. Item 1ST Quarter 2nd quarter 3rd Quarter 4th Quarter Total
Quantity Value Quantity value Quantity value Quantity value
1 Oil 190 20,377.5 380 39,710 385 31,130
seeds
2 Pulses 470 19,591 350 13,651 480 22,638 600 27,258
Tota 660 39,968.5 730 53,361 865 53,768 600 27,258
l

Quarterly Export plan – Oil seeds

S.N. Item 1 Quarter
ST
2nd quarter 3rd Quarter 4th Quarter Total
Qty Value Qty value Qty value Qty value
1 Humera 190 20377500 190 20377500
2 Welega 190 19332500 190 19332500
12
3 Niger 195 11797500
Tota 190 20377500 380 39710000 385 31130000
l

Quarterly Export plan – Pulses

Item 1 Quarter
ST
2nd quarter 3rd Quarter 4th Quarter Total
Qty Value Qty value Qty value Qty value
Soya 110 3751000 110 3751000
RKB G 120 5940000 120 5940000 120 5940000
RKB S 120 5280000 120 5280000
WPB 120 5280000 120 5280000
Kabuli 120 7260000 120 7260000
Desi 120 4158000 120 4158000
Beans 120 4620000
Others 120 4620000 120 4620000
Total 470 19591000 350 13651000 480 22638000 600 27258000

Gross Profit/Loss Analysis

Oilseeds
Sales
Type Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
Humera 20,377,500 20,377,500     40,755,000
Welega   19,332,500 19,332,500   38665000
Niger     11,797,500   11797500
Total 20,377,500 39,710,000 31,130,000   91,217,500
Cost 31,451,175 61,874,165 49,262,915   142,588,255
Gross Loss -11,073,675 -22,164,165 -18,132,915   -51,370,755

Pulses
Sales
Quarter Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
Soya 3,751,000.00 3,751,000.00     7,502,000.00
RKB G 5,940,000.00   5,940,000.00 5,940,000.00 17,820,000.00
RKB S   5,280,000.00 5,280,000.00   10,560,000.00
WPB 5,280,000.00     5,280,000.00 10,560,000.00
Kabuli     7,260,000.00 7,260,000.00 14,520,000.00
Desi     4,158,000.00 4,158,000.00 8,316,000.00
Beans 4,620,000.00       4,620,000.00
Others   4,620,000.00   4,620,000.00 9,240,000.00
Total 19,591,000.00 13,651,000.00 22,638,000.00 27,258,000.00 83,138,000.00
Cost 25,758,003.00 18,345,471.00 29,650,128.00 34,452,288.00 108,205,890.00
Gross (6,167,003.00) (7,012,128.00) (7,194,288.00) (25,067,890.00)
Loss (4,694,471.00)
Total -17,240,678 -26,858,636 -25,145,043 -7194288 -76,438,645

13
 Operational Cost for export per ton in Birr

Items Cost
Purchasing Agent commision 500
Bank service charge 1900
Transit service charge includes Container stuffing cost and port clearing 1400
Transport from purchasing to cleaning 1800
loading -Unloading at cleaning warehouse 350
Cleaning cost 1000
Mixing / drying any other processing cost  
Packing material purchasing / printing cost 600
Transport to Port (Djibouti or Port Sudan) 2800
Documentation cost 100
Inspection cost 100
Misc expense 100
Total expense per quintal in Birr 10650

Major challenges
1. A very low quality control
2. Absence of effective market platform, supply chain of the sector is scattered.
3. Low international market price as any other agricultural product.
4. Existing government regulations especially regarding forex allocation.
5. Post war trauma and displacement.

14
 WERETA INTERNATIONAL BUSINESS PLC
EXPORT FLOW CHART

ECX V/ Integration Local Market Investment

farming

Acquisition of
Stock

Export sales

Cleaning

15 Reject

Shipment
 Document
Preparation

Payment

16
 IMPORT & TRANSIT DEVISION PLAN

Description of Goods Jul Au Se Oc No De Ja Fe Ma Ap Ma Jun QT ESTIMATE

y g p t v c n b r r y e Y L/C
AMOUNT
IN USD
TRACTORS
TRACTOR                   5 10   15 966,666.67
MAXXUM140
TRACTOR   10   8     25 25   20 30   118
MAXXUM125 CAB 6,150,000.00
TRACTOR 9     4     10           23 1,158,333.33
MAXXUM12S
CANOPY
TRACTOR   15         8 8   10   10 51
FARMALL JX110 1,808,333.33
TRACTOR     12               10   22 691,666.67
TRADDLE 95JK
TRACTOR       5       11     11   27 733,333.33
STRADDLE 75
Total 9 25 12 17 0 0 43 44 0 35 61 10 256 11,508,333.33
CEREAL CROP COMBINE
COMBINE AF4088 0 6     3               9 1,312,500.00
COMBINE CORN           2             2 79,166.67
HEADER
COMBINE FLEX         3               3 112,500.00
HEADER
Total 0 6 0 0 6 2 0 0 0 0 0 0 14 1,504,166.67
IMPLEMENTS PLOUGHS
3- BOTTOM DISCS 0     3     8       6   17 66,666.67
4- BOTTOM DISCS   7               6     13 58,333.33
MEDIUM DUTY
17
HD 5- BOTTOM     17         45     60   122 791,666.67
DISCS
HD 4- BOTTOM   8             14     20 42 241,666.67
DISCS
MOULD BOARD 4-       2     1       6   9 75,000.00
BOTTOM
Total 0 15 17 5 0 0 9 45 14 6 72 20 203 1,233,333.33

IMPLEMENTS: HARROWS
HARROWS               5     20   25 375,000.00
24DISCS
HARROWS 8     10  
1    
  9     40 750,000.00
28/30DISCS 3
Total 8 0 0 10 0 0 1 5 0 9 20 0 65 1,125,000
3
INDUSTRIAL MACHINERY
EXCAVATOR     4 1   2   3   2   3 15 2,875,000.
LOADER 2 3 5 5     5     5   5 30 2,125,000
TRUCK/ 4     6     5     5     20 2,250,000
TRAILER
VOLVO
SINO DUMP 5 5 5   5 5 5 5 5 5 5   50 2,916,666.
TRUCKS 8
SINO CARGO     5   5 5 5   5 5     30 2,250,000
TRUCKS
GENERATOR 50 50 5 5 5 50 5 5 5 3 2   230 3,258,333.
0 3
TIRE 500 100   100   100   100   100 50   600 2,250,000
0 0 0 0 0 0 0
BUS 5       3     2   3 2   15 2,062,500
Total 566 105 2 101 1 106 7 101 1 102 50 8 639 19,987,500
8 4 7 8 2 0 5 5 8 9 0
OTHERS

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RIDGER 5 ROW 0     7     5     10     22
83,333.33
PLANTER 6                   8     8 150,000.00
ROW
SEEDRILL                   4     4
25,000.00
SESAME                   23     23 291,666.67
SEEDRILL
DITCHER             1     3     4 16,666.67
CULTIVATOR                     5   5 16,666.67
13
ROW/DUCKFO
OT
CHEMICAL                     10   10 50,000.00
SPRAYER 6/800
BALER       4     4           8
133,333.33
MULTI-       15     2       3   20 225,000.00
THRESHER
Total 0 0 0 26 0 0 1 0 0 48 18 0 104 991,666.67
2

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