“Producers and Growers of Fine Arabica Coffee” MAIP LIMITED SECTION 34, ALLOTMENT 1 & 2, PENA PLACE, NEW TOWN, PO BOX 1800, MT. HAGEN, 281 WHP, PNG ©Maip Limited 2023 P r oduc er s and G r ow er s of F i ne A r abi c a C offee This business profile is the property of MAIP LIMITED. Unless otherwise expressly stated, this information should not be reproduced, modified or distributed without written permission of the author. Author will not take responsibilities for the use of this material by third parties for purposes contrary to the original intent. Maip Limited, Mt. Hagen, WHP Page 1 P r oduc er s and G r ow er s of F i ne A r abi c a C offee Table of Content Contact Information 3 Introduction 4 Strategy 5 Management & Ownership 5 Sales and Marketing 7 Business Partners in Coffee 8 Current Banking Details 9 Assets Valuation 9 Declaration and Oaths 9 Sample Images 10 Supporting Documentation 13 Maip Limited, Mt. Hagen, WHP Page 2 P r oduc er s and G r ow er s of F i ne A r abi c a C offee Business Contact Information Company Name: Maip Limited Business Type: Coffee growing & production, and wet coffee factory operations Company Registration Number: 1-9860 Incorporation Date: February 1984 Tax Identification Number: 500394300 IRC GST Number: 2666 Business Office and Contact Details: Section 34, allotment 2, Pena Place, Newtown, Mt. Hagen PO Box 1800, Mt. Hagen, 281, WHP, PNG Mobile phones: +675 7321 5928 (Managing Director) +675 7548 4899 (Group Manager) +675 7658 5839 (Property Manager) E-mail: maipproperties@gmail.com Estates and Facilities Locations: Wet Coffee Factory (Mill): Kokonas Gate, Mt. Ambra Road Junction, Dei Road, Border of Hagen Central and Dei Districts, WHP Coffee Plantations 3 x plantations in Mt. Ambra Village 1 x plantation in Kuta Village 1 x plantation Kik (Ogelbeng) Village 1 x plantation in Kim (Kelua) Village 1 x plantation in Kindeng Village *7 plantations with a total land area of 454 hectares* Maip Limited, Mt. Hagen, WHP Page 3 P r oduc er s and G r ow er s of F i ne A r abi c a C offee Introduction MAIP LIMITED is 100% locally owned and a registered company under Investment Promotions Authority of Papua New Guinea since 1984. The company has been operating for the last 35 years, specializing in the coffee business, mainly Arabica variety in the areas of growing and processing. Processed Parchment and Wet Cherry Coffee are then sold to nationally-based local buyers and exporting companies in Mt. Hagen and Goroka. This has been ongoing for a longer period of time due to hardships with funding to establish a Dry (Green Bean) Mill to process its own parchment beans into green beans ready for export. Take into account that the plantations (x7) were run down including the Wet Coffee Mill before 2008. In 2008, the plantations and the Wet Mill were in better and improved conditions and lifted from being run down after funding received from the Independent State of Papua New Guinea. Rehabilitation measures have however been taken to have the plantations and wet factory back on track again. Company History The Managing Director and owner of the company is Mr. Dokta Maip, who hails from the Yamka Tribe living at Mt. Ambra Village bordering Dei and Hagen Central Districts in the Western Highlands Province. Mr. Dokta Maip is illiterate and cannot read or write. He left schooling when he was in 3rd grade at Mun Catholic Community School, after the Second World War. The Maip Coffee Projects (7 of them) are located between Mt. Ambra and Ogelbeng . The Maip No. 1, Maip No. 4, Maip No. 5, Maip No. 6 and No. 7 are located on the customary land whils t Maip No. 2 and Maip No.3 are located on State land. The initial Coffee Project (Maip No. 1) was established in 1984 after securing a K80,000 bank loan from the then Agriculture Bank (now NDB), and employed only 10 labourers, and Mr. Maip himself was the supervisor. The loan was managed by coffee management company known as Matunal or UO Management Company engaged by then Agriculture Bank. After completing the loan repayments in 1992, Mr. Maip refused to borrow again from the Bank due to higher bank interest rate and fees. He reinvested the sales proceeds from cherry coffee in developing another coffee project known as Maip No. 2, and again another one recently known as Maip No. 7 in 2002. The Company currently employs more than 3,200 labourers (including seasonal). The labourers are from other provinces including Chimbu, Eastern Highlands, Southern Highlands, Enga, Jiwaka, Hela, Morobe, Madang, Sepik, and Western Highlands. Mr Maip is regarded by the surrounding community as a Tribal and Paramount Chief of the Yamka Tribe and the Anda Akelamp tribes within the Hagen Central District. His accorded chiefly status is for a fact that he attends to community activities and take part in solving issues affecting the community in terms of compensation payments, bride prices, church activities , school fee payments and other similar issues of concern. Maip Limited, Mt. Hagen, WHP Page 4 P r oduc er s and G r ow er s of F i ne A r abi c a C offee Strategy Business Plans and Vision In the future, Maip Limited wants to get involved in the following busines ses (fulfilling the Government Policy 2050): Establish a Dry/Green Bean Factory to cater for the increased production of coffee in the Maip Coffee Estates and prepare for exporting Export Green Beans overseas and help build foreign currency reserves, increase GDP/economic growth Establish an Agro-Didiman outlet to sell chemicals, fertilizers, tools and equipment to local coffee farmers at affordable prices and save costs. Goals & Objectives Maip Limited wants to be a player among the many coffee growers who are players in the industry. The company wishes to meaningfully invest its resources and energy into producing more coffee to increase the quality and quantity of coffee and to add value to the industry. Following are the objectives: Make a healthy profit yearly for dividend payment Remain operationally efficient and annually increase the asset base for growth and expansion, and further increase its shareholder value Institute a competent management to ensure the company is safe-guarded from debt, loss or bankruptcy, and to be reputable Build a lasting business relations with clients, partners, local authorities and other stakeholders. Ownership & Management Board of Directors and Shareholding A. Newly Appointed Directors in 2013 Dokta Maip Director (Chairman) Michael D. Maip Director (Deputy Chairman and Secretary) David Dotka Director Sent Wak Dokta Director Kingal Maip Director Maip Limited, Mt. Hagen, WHP Page 5 P r oduc er s and G r ow er s of F i ne A r abi c a C offee B. Old Directors since 1984 Dokta Maip Director and Secretary Anis Tiki Director and Sectary Timbi Kera Director C. Shareholders and Beneficiaries Mr. Dokta Maip The Maip family members (350 of them) The Yamka Tribe and surrounding communities Management Team The company is managed by the Chairman, and his elder son. Mr. Dokta Maip Managing Director (CEO) Mr. Michael D. Maip General (Group) Manager Operational Teams A. Coffee Plantations Mr. Simon Martin Manager Mr. Amos Gau Senior Supervisor 7 x Supervisors (for each plantation) 1 x Supervisor (weeding, spraying and chemicals) 1 x Supervisor and 2 x Boss-boys (cherry picking) 1 x Supervisor (road, bridge and drainage) 1 x Supervisor (pruning and scattering) 1 x Supervisor and 2 x Boss-boys (workers’ compound) Contract workers Skilled (specialist) workers Casual workers General workforce (3,000+) B. Wet Coffee Factory Mr. Mel Ukini Manager 1 x Electrician/Wiring Technician (specialist) 1 x Pulper and Water Bump Operator (specialist) 1 x Supervisor (scale and weighing) 5 x General Workers / Assistants in the Mill Maip Limited, Mt. Hagen, WHP Page 6 P r oduc er s and G r ow er s of F i ne A r abi c a C offee C. Proposed Maip Coffee Management Maip Coffee Export and Marketing Maip Didiman Supplies D. Other Business Arm - Properties Maip Limited’s other business arm is properties. We have properties for lease in Mt. Hagen and Port Moresby. General Expenditure Items Administration and Management Salaries and Wages Office equipment and stationeries Chemicals - weedicides and pesticides Fertilizer applications – Urea, NPK, MOP, TSP, etc. Vehicles and machineries Road, bridge and drainage Nursery and infilling (replacement) Pruning and scattering Fencing and perimeter security Workers compound and welfare Wet mill expenses Sales and Marketing Maip Limited sold green beans to Star Bucks Internationals in Europe and the United State of America through following Agent Exporters between 2002 and 2007: Highlands Arabica Limited Monpi Coffee Exporters New Guinea Highlands Coffee Exporters PNG Coffee Exporters The above arrangement has collapsed in 2009 due to price fluctuations in the world market and lack of funding support from the National Government. Between 2002 and 2010, parchment coffee was sold to the following local buyers: Highlands Arabica Limited Monpi Coffee Exporters New Guinea Highlands Coffee Exporters PNG Coffee Exporters Maip Limited, Mt. Hagen, WHP Page 7 P r oduc er s and G r ow er s of F i ne A r abi c a C offee Bana Coffee Exporters Limited Niugini Coffee, Tea and Spices Limited Since 2010 to date, cherry beans have been sold to the following local buyers: Rilke Limited WR Carpenters & Company Estates Pacific Arabica Coffee Development Agency Business Partners in Coffee Bank South Pacific Limited (Loan and overdraft facilities) Rilke Limited (cherry coffee buyer) WR Carpenters & Company Estates (cherry coffee buyer) Chemica Limited (chemical retailer, plantation tools and equipment) Farmset Limited (chemical retailer, plantation tools and equipment) Ela Motors (vehicle purchase, service and parts) Boroko Motors (vehicle purchase, service and parts) B & M Engineering Limited (wet factory service and parts) Masip Electrical Limited (wet factory service and parts) Goodman Maintenance Services Limited (wet factory service) Korpun Kai Limited (fuel service) Farmco Limited (chemical retailer, plantation tools and equipment) 5 Lusco Didiman Limited (chemical retailer, plantation tools and equipment) Kuip Limited (business management and consulting advising) Monpi Coffee Exporters (parchment and green bean buyer) PNG Coffee Exporters (parchment and green bean buyer) New Guinea Highlands Coffee Exporters (parchment and green bean buyer) Banz Coffee Limited (parchment and green bean buyer) Digicel PNG Limited (communications service provider) PNG Power Limited (electricity provider) Current Banking Details Company banking details are: Ba nk South Pacific, Mt Hagen Ba nk South Pacific, Mt Hagen Account Name: Maip Limited Account name: Maip Ltd (Rentals) Account Number: 0017460054 Account Number: 1001 111 212 BSB Number: 088-307 BSB Number: 088-307 Maip Limited, Mt. Hagen, WHP Page 8 Loans and overdraft facilities are current at BSP Mt. Hagen Branch, and repayments are done on a monthly basis since 2013. Assets Valuation The Company’s current assets value stands at K21,605,100 which include: A. Total Estates Value is K19,115,100 Maip No. 1 (Maip Estate) is valued at K2,650,000 Maip No. 2 (Ambra Kunai Estate) is valued at K6,950,000 Maip No. 3 (Kepkep Estate) is valued at K2,589,100 Maip No. 4 (Kim Estate) is valued at K1,730,000 Maip No. 5 (Kuta Estate) is valued at K1,500,000 Maip No. 6 (Kik Estate) is valued at K3,050,000 Maip No. 7 (Kindeng Estate) is valued at K646,000 B. Total Plant, Equipment & Building Value is K2,090,000 Wet Coffee Factory and Machineries are valued at K1,255,000 Parchment Coffee Warehouse is valued at K400,000 Buildings and other assets are valued at K435,000 Valuers Valuation on the estates, plant, machineries and buildings was done by GDK Registered Valuers based in Mt. Hagen, WHP, with the assistance of the management team on sites. Maip Limited paid K15,000 to the valuer for its professional service. Declarations & Oaths Information and graphics supplied in this profile are true and correct in every particular and to the best of our knowledge and understanding. Dated this 19th day of May 2023. ©Maip Limited 2023 P r oduc er s and G r ow er s of F i ne A r abi c a C offee Sample Images Plantations Maip Limited, Mt. Hagen, WHP Page 1 P r oduc er s and G r ow er s of F i ne A r abi c a C offee Maip Limited, Mt. Hagen, WHP Page 2 P r oduc er s and G r ow er s of F i ne A r abi c a C offee Factory Maip Limited, Mt. Hagen, WHP Page 3 P r oduc er s and G r ow er s of F i ne A r abi c a C offee Supporting Documentations i. Management Structure ii. IPA Certificates iii. IPA Extract iv. IRC TIN Maip Limited, Mt. Hagen, WHP Page 4