Skylim Solutions Limited
Investment Proposal
FY 2019
Many things difficult to design prove easy to performance
Skylim Solutions Limited
Tel 0722 275 102 P.O Box 13197, 00100 www.skylimsolutionsltd.com
Fax 0722 275 102 Nairobi, Kenya
[email protected] Table of Contents
Contents
To Our Stockholders _______________________________________ 1
Financial Summary ________________________________________ 3
Financial Statements _______________________________________ 4
Notes to Financial Statements _______________________________ 5
Independent Auditor’s Report ______________________________ 6
Contact Information _______________________________________ 7
Company Information _____________________________________ 7
Pg. 01 To Our Stockholders
Towards getting a
feel of Emerging
To Our Stockholders
Trends in Global Overview
Trade. In 2017, the National Environmental Management Authority
(NEMA) imposed a ban on plastic carrier bags, thereby ushering in
the inception of alternative biodegradable carrier bags. The bags will
be replaced with carrier bags made from reed, cotton, sisal, recycled
plastic material, recycled paper, papyrus, woven plastic bags,
hyacinth, and hard plastic. This move opened up an avenue for new
entrepreneurs and inspired innovators to create eco – friendly carrier
bags of which Skylim Solutions Limited are seeking to be a part.
Strategic Highlights
Our coming in to being was inspired by our desire to intensify
investment opportunities not just regionally but also internationally
in a vibrant global economy. The Company also aims at nurturing
and developing nascent potential business skills among its clients
and partners
Operating Highlights
Skylim Solutions Limited was established in the year 2013 and
registered in 2014 as a Private Limited Company. It was set to engage
in manufacture and service delivery of small works and engineering
products and general supplies.
Looking Ahead
Our future projections include expanding into the international
business with special emphasis on the import/ export segment. Our
choice to venture into the manufacture of the new environmentally
friendly carrier bags is anchored on emerging business and socio –
economic trends that have seen the global market adapt quickly in a
bid to sustain a competitive environment for quality enhancement of
all manufactured goods.
Pg. 02 To Our Stockholders
Justification
The carrier bag making machine has been deemed as an essential
equipment in Kenya’s manufacturing industry owing to the massive
demand of this product by the Kenyan market. As a result Skylim
Solutions Limited has undertaken it upon itself to roll out plans to
have one such industrial equipment installed to cater for the growing
needs of consumers for this product.
Projections
Initial cost for importation (purchase, customs tax and shipping) and
installation is set to gobble up about KShs. 3.9 Million. For the first
year, cost of production (raw materials and labour) for manufacture
of eco – friendly carrier bags is expected to kick off at KShs. 300,000/
day. At a production rate of 30 bags per minute, with the machine
operating 16 hours a day except Sundays this translates to 1,800 bags
per hour/ 28,800 bags per day/ 748,800 bags per month. With each
bag set to retail at KShs. 10, it is expected that the project will rake in
KShs. 7,488,000 per month. This means that profit for the first month
will be KShs. 4,488,000. This is expected to continue on this trend
over the next 3 years when production is projected to increase
greatly. So therefore the rationale of investing in this venture is above
board and makes it every bit its worthwhile.
Pg. 03 Financial Summary
Financial Summary
Methods
The Company expect to embark immediately on increasing funding
for our upcoming project investment. We aim towards motivating
our partners and creditors by offering further incentives in terms of
accelerated service delivery while opting for more active
participation by all categories of our business associates. In the long
run, ours is a target to become self – sustaining, all-encompassing
and reach out to as many partners as possible. We plan to roll out a
2 – month long intensive campaign that will see us traverse the
county and other areas. With the funding, we hope to have adequate
start – up capital. The projects under review will be managed jointly
by the shareholders of the company and its top brass management
body. All reports to be submitted to the company at every meeting
and records stored safe for future references.
Evaluation
Evaluation will be by way of comparison from one progress meeting
to the other. Also response to the efforts made by the company will
be guided by the pooling in of new and potential partners. Once the
project gets into an entrepreneurial engagement, success will be
measured by growth of the business and profits earned from the
investment.
Budget
The Company intends to spend the monies received for procurement
of heavy duty machinery and in expanding to an industrial scale. The
bulk of the money will be spent on identifying and purchase of high
quality operational equipment in addition to establishing an
entrepreneurial outfit.
Pg. 04 Financial Statements
Financial Statements
Statement of Financial Position
• Liabilities – Assets Exceed Liabilities (Auditor’s Report)
• Statement of Financial Position – Stable (Auditor’s Report)
• Ownership Equity – Robust (Auditor’s Report)
Statement of Comprehensive Income (Profits and Losses)
• Income – Proceeds from Sales/ Loans (Auditor’s Report)
• Expenses – Well within Manageable Limits (Auditor’s Report)
• Profits – Commensurate with Operations (Auditor’s Report)
Projected Financial Budget
Description Quantity Unit Cost Total Cost
(KShs.) (KShs.)
Full-Servo High Speed Flat 1 3, 100,000 3, 100,000
and Satchel
Paper Bag Machine (LQFS650)
Cost of Shipping - 350,000 350,000
Cost of Customs Tax (16%) - 321,000 321,000
Cost of Mounting Assorted 800,000 80,000
Labour 3 25,000 25,000
Miscellaneous - 15,000 15,000
Total Amount 3,891,000
Pg. 05 Notes to Financial Statements
Notes to Financial Statements
Accounts
As a Successful Business Venture Company we find ourselves faced
with a variety of challenges ranging from securing competitive
tenders, providing greater incentives to our clients and trading
partners and frequency of promotion advertisements. It is for this
reason that we seek funding for the Company to drive us into the
successful acquisition of this important Plant Operation Machinery.
Debt
We are proud to state that our debt portfolio is within a manageable
range and there is no course of alarm whatsoever where this is
concerned.
Committed
to Delivering
Quality
Service to
your
doorsteps at
all times
Pg. 06 Independent Auditor’s Report
Independent Auditor’s Report
1.1 Unqualified Opinion
Audited Books of Accounts certified to be balanced with no
anomalies detected.
1.2 Qualified Opinion Report
All measuring tools for Accounts Auditing qualified to be correct
and Accurate and a true reflection of the Company’s Sound
Operational cost against production and sales.
1.3 Adverse Opinion Report
None detected; The Company’s operational management and
financing in tandem with the progress reported.
1.4 Disclaimer of Opinion Report
No Objection to the Company’s Audited Reports being subjected to
further scrutiny by any other Independent Auditor.
1.5 Auditor’s Report on Internal Controls of Public Companies
Modus Operandi in compliance with the Company’s Act of the
Republic of Kenya and financial management with that of the
Treasury’s Act of the Republic of Kenya.
1.6 Going Concern
The Company is certified to be robust, with all its assets in excellent
disposable form and shape and its valuation a true account of its
state of asset acquisition.
Pg. 07 Contact Information
Contact Information
1. Eric Chege Kamau Director/ Shareholder
2. Kevin Kimani Mwaura Director/ Shareholder
3. Moses Njenga Director/ Shareholder
Company Information
Skylim Solutions Limited
P.O Box 13197, 00100
Nairobi, Kenya
Tel 0722 275 102
Fax 0722 275 102
www.skylimsolutionsltd.com
