Roraima State Roraima State Area 224,301 sq.km Capital Boa Vista Capital population 308,996 State Population 488,072 Economically active population 244,000 Populational growth rate 4.4% Unemployment rate 7.4% GDP (R$) R$ 6.34 billion Per capita GDP (R$) R$ 14,052 Trade and services rate 82.3% Industry rate 13.0% Agriculture rate 4.7% Average wage for trade and services in R$ 897 Total of technical schools 3 Total of universities 10 Total of undergraduate courses 100 (2011) Total of graduates in areas related to trade and services per year 700 Availability of international schools 0 Average cost of electricity R$ 286.77/MWh Average cost of commercial rent R$ 32,85/sq.mt Advantages Main/Top Sectors for investment attraction: agribusiness, family farming, wood-furniture industry and tourism. STATE INCENTIVES OF RORAIMA STATE 1. INDUSTRIAL DEVELOPMENT FUND - FDI - is a state fund to promote the industrial sector, ensuring fiscal and extrafiscal benefits to industries and agribusinesses, including cooperatives and producers’ associations, as well as their members. 2. FUND FOR ECONOMIC AND SOCIAL DEVELOPMENT OF the STATE OF RORAIMA - FUNDER is the state fund for financial incentive to the implementation and expansion of micro, small and medium-sized enterprises, as well as autonomous and rural producers, aiming at the reduction of economic and social imbalances. BUSINESSMEN and RURAL PRODUCERS can benefit from FUNDER. 3. STATE LAW # 215 - Grants exemption from ICMS and a series of other taxes until 2018, whilst facilitates the acquisition and the movement of goods. 4. LAW 710, 05/05/2009 – Exemptions on acquisition of machinery , equipment and parts intended for fixed asset of agricultural or industrial property; Reduction of 17% to 12% of ICMS tax on operations involving cattle, buffalo, pork, sheep and goat as well as its resulting edible products - in natural, cooled or frozen states; 5. Incentive at the Free Trade Zones (ALCs) of Boa Vista and Bonfim - Law 11,732 / 08; 6.Ordinance MF/MPO no. 300/96 exemption II on 3,000 products. Sources IBGE and Statistics Coordination at SEPLAN-RR. 208 Name of the project Project Description Physical and Electromechanical Adjustment of Matadouro Frigorífico Industrial de Roraima (Roraima Industrial Slaughterhouse) MAFIR was opened 30 years ago. It currently works precariously regarding the performed activities. Lack of resources for a proper maintenance is one of the primary difficulties. The project aims to recover and update the refrigerating and electromechanical facilities, raising its beef slaughtering capacity from 4,000 to 8,000 heads of cattle per month. MAFIR generates an income of R$ 2,400,000.00 (two million, four hundred thousand reais) per year, creating direct and indirect jobs. The private investor will be able to be a shareholder of the company and make profit with his activities. The Companhia de Desenvolvimento de Roraima (Codesaima), incorporated by Brazilian Law No. 6.693, from October 3rd, 1979, is a mixed-economy company with private and legal personality and tied to the Government of the State of Roraima. The company is governed, as applicable, by the Brazilian Law no. 6.404 from December 15th, 1976, by the Statute and other applicable legal devices. Its aims to promote rural and urban development in the State of Roraima, being responsible for, among other assignments: I – participating in the performance of projects related to the colonization, as well as performing those related to mining, agriculture and cattle raising and agro-industry; II – performing acts of industry and commerce, services and operations which might be necessary to achieve its social aims, through social and economic activities; III - signing agreements, contracts and protocols of intentions with public and private entities, and IV - raising funds, in external and internal sources, to be applied directly or through its controlled companies in the performance of its schedules. Finally, in view of the foregoing, Codesaima, through MAFIR, will be able to attract investments from the private sector and issue shares for the investors in return, paying its capital in the form of subscription in currency, and develop partnerships and subsidies for the investors in the industrial and commercial sector of the products and sub-products derived from beef cattle slaughter of the State of Roraima. Codesaima has as its primary source of income the slaughter rate, the refrigeration rate of the slaughtered beef, the sale of leather, the sale of bonemeal, the sale of sebum, the gallstone of the ox and sub-products such as panelada, mocotó and dead meat. Additional Information MAFIR, in addition to developing its primary cattle and pork slaughter activities, today is the only industrial slaughterhouse in the state of Roraima with licensed activitie by the Brazilian Federal Inspection Service (SIF, in Portuguese). MAFIR has great potential to increase its production capacity and stimulate not only the local industrial sector, but also the neighbouring locations such as Manaus and Venezuela. Project Location Distrito Industrial, BR - 174, KM 12 Boa Vista – Roraima Project Website www.codesaima.gov.br Related Sectors Agriculture, Husbandry, Forestry Production, Fishing and Aquaculture (CNAE 01 to 03) Overall Project Value BRL 5.482.997,45 Period / Term of Cooperation February, 1st, 2014 - December, 31st, 2016 Expected Return Rate TBD Hiring Model Bidding Investment Type Public and Private Schedule 1st and 2nd months: Recovery of ammonia screw compressors, dehumidifiers, ammonia pumps with substitution and installation; 1st to 3rd month: Recovery of ammonia condensers and evaporators with substitution and installation; 1st to 4th month: Recovery of refrigerator and electric doors for refrigeration with substitution and installation; 1st to 6th month: Recovery of the automation system, recovery of pipelines, valves and controllers for valves board, chambers, antechambers and engine room with substitution and installation; diverse services; refrigeration assembly service, refrigeration system project – as built; recovery of the beef slaughter room, of the water network from the slaughter room - upper floor, with installation; recovery of the vapor system, of the condensed network of the slaughter room, including installation. Name of the Institution COMPANHIA DE DESENVOLVIMENTO DE RORAIMA (Roraima Development Company) Address AV. MARIO HOMEM DE MELO, 1488 - BAIRRO MECEJANA – zip: 69300000 State of Institution Roraima City of Institution Boa Vista Institution Website (PT) www.codesaima.com.br Institution Website (EN) N/A Coordinator FABIO LÚCIO RUIZ LIMA Telephone +55 (95) 36232404 E-Mail [email protected] USD 2,383,911.93 209