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Proteak Uno SAB de CV
Av. Paseo de la Reforma No. 540
Colonia Lomas de Chapultepec
Phone: +52 5562351504p:+52 5562351504 MEXICO, D.F., 11000  Mexico Ticker: TEAKCPOTEAKCPO
Filed for Insolvency on 8/19/2024
On 8/19/2024, an Involuntary Insolvency Petition was filed against Proteak Uno SAB de CV and its subsidiary, Pro MDF, in the First District Court for Commercial Bankruptcy by petitioning creditor, Comercial en Fletes Mexico (CFM). Proteak Uno SAB de CV is seeking legal advice on the filing. The Court issued a series of precautionary measures for the Protection and Preservation of Proteak Uno SAB de CV and Pro MDF, which include the suspension of foreclosure proceedings and seizures against the assets and rights, as well as the suspension of payments of overdue obligations.
Business Summary
Proteak Uno SAB de CV (Proteak) is a Mexico-based forestry sector company. It operates through three business segments: Forestal, where the main activities are commercial forest plantations of teak located along Mexico’s Pacific coast and in Colombia, as well as acacia plantation in Costa Rica; Operations, which involves marketing of semi processed timber; Trading which consists of the marketing of roundwood timber and the development of the commercial side of the Company without limiting the capacity of Operations segment. Proteak offers teak wood products, such as carts, cutting boards, counter tops, lumber, as well as flooring and decking products, among others. Proteak owns around 18000 planted hectares in total (mainly teak and eucalyptus). Assets are located in five countries and export activity is performed in three continents. In 2013, it acquired eucalyptus plantation, a shorter-cycle timber and a land plot as a basis for its new MDF (medium-density fiberboard) project.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/202412/31/2023Yes----

Industries
SIC Code Description
2421 Sawmills and planing mills, general
2411 Logging
2431 Millwork
2499 Wood products, not elsewhere classified
0181 Ornamental floriculture and nursery products
2493 Reconstituted wood products
0811 Timber tracts

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Independent Chairman of the Board DiegoPrieto Barbachano 12/1/2021 4/1/2021
Chief Executive Officer Cesar ArturoVelez Ponguta 9/13/2022 1/1/2019
Chief Administrative and Financial Officer MarianaRojo Granados 12/11/2022 12/11/2022
12 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Pro MDF S.A.P.I De C.V. Avenida pasea de la Reforma 725 Mexico City Mexico

Business Names
Business Name
TEAK
TEAKCPO
TEAKK
TEAKT

General Information
Number of Employees: 623 (As of 9/30/2024)
Outstanding Shares: 1,119,873,861 (As of 12/31/2022)
Stock Exchange: MXK


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Wednesday, November 20, 2024