Investment opportunity in Manufacturing in Lagos (Nigeria) on offer

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Project summary

Objective
I am seeking investment, loans or funding
Short description

We are looking for investors for a business based in Lagos (Nigeria) and operating in the Manufacturing sectors.

The Opportunity: The market for toothpick is national. With a population of over one hundred and sixty five thousand (165,000,000) million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large market for toothpick. The demand for toothpick has been growing over the years, marked by the growing demand for fast food products. This is shown by the growth and remarkable performance of fast food restaurants in the local market. The demand for toothpick in Nigeria is very high. This quantity doubles during holidays, vacations, weekends, summer season, and Ramadan. Fast food Centre, restaurants and hotels constitute around 61% of the total market consumption. Before now all the products consumed in this country are all imported. With the ban on importation, opportunities have been created to local manufacturers and anybody can tap the opportunity. This is an invitation for you to be a part owner of the 5 million pieces of toothpicks per day Factory located at Igbogbo, Ikorodu, Lagos.

 The project is worth N97,000,000. About N62,000,000 have been spent. The project need to commence production with the provision of working capital, payment for the production line.

What is in place:

1. A complete set of bamboo based toothpick production line

2. A brand new 150kva diesel generating set.

3. 100 kva transformer

4. A factory building on a 4 plot of land containing production floor, two changing rooms for male & female, production supervisor office on the ground floor and 12 other offices on the first floor.

5. A gate house. 6. An uncompleted 3 bedroom bungalow

7. A partially developed plot of land

8. 25,000 diesel storage tank.

9. 500 pieces of bamboo sticks for test running and commencement of production. Note: see details in the attached company profile Shares Allotment: Himatrade Ventures Ltd is offering 500,000 of the company’s 1,000,000 shares for sale to any interested persons. Share of N1 at N100 per share. This is meant to raise N35m for the commence production.

This fund will be use as follows

1. Operating Expense = N 9,902,000.00

2. Opening Stock = N 10,098,000

3. Payment for machines = N 10,000,000

4. Installation/test running = N 5,000,000

5. Total = N 35,000,000

Projections ( for 12month):

1. Projected Revenue = 540,000,000

2. Projected Operating expense = 300,674,000

3. Projected Gross Profit = 239,326,000

4. Project Income Tax ( 32%) = 76,584, 320

5. Projected Profit After Tax = 162, 741, 680

6. Projected Earnings per share = N50.

A profile of the company is attached for your perusal. Inspection of factory can be carried out at any time you so desire. Upon successful shares allotment. The company corporate document will be restructured in accordance with Company & Allied Act, to reflect new ownership structure. For interested persons, indication of quantity of shares to be acquired/percentage of ownership should communicated in response to this mail. Subscription shall completed within 30 days of this mail. Conclusion Project has been critically examined in all its ramifications, the production and sales of toothpick has been subjected to rigorous analysis and found to be overwhelming with the growing population and high rate of naira exchange to the dollar.

Having considered the above details and other socio-economic factors that are likely to influence the project, I conclude thus:

1. The project in its entirety is of great socio-economic value and

2. Has immense potentiality for profit as attested to in the business plan. This analysis no doubt makes the production and marketing of toothpick a good investment in Nigeria. I therefore present it for investment/financing.

Key facts about this project

Region / country
Lagos (Nigeria)
Sectors
Manufacturing
What type of investor are you looking for?
Bank / lending organisation and Venture / Private Equity
Type of funding sought
Debt (Lending) and Equity (Purchase of shares)
Deadline for expression of interest
06-2016
Management presentation available
Yes
Prepared to deal with a syndicate of investors:
Yes
Business plan available
Yes
Company owner or broker
Owner
Investment stage
Early / concept stage - inviting expressions of interest
Investment amount
$ 300,000 - $ 500,000
Annual turnover (US $)
$ 274,112 - $ 340,000
Company founded
2006
Development stage of company
Start-up pre-revenue

About the company

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HIMATRADE VENTURES LIMITED

HIMATRADE VENTURES LIMITED is based in Lagos, Nigeria. We are a manufacturer / processor and operate in Lagos (Nigeria) in the Manufacturing sector.

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