BUSINESS PLAN

FOR

HORKEY INTERNATIONAL SERVICES LIMITED

(For a Marine Equipment Leasing Project)

Prepare by: Michael Stevens Consulting

For

Horkey International Services Limited

Address Line 1: 6, Chief Nwuke Street, off Trans Amadi road, Port Harcourt,
Rivers State.
Website: www.horkeyinternational.com
Telephone(s): +234 (0) 84556527, +234 (0) 7039718536
E-mail: info@horkeyinternational.com
Date: April 2018

1
Table of Contents

1.0 Executive Summary 3

2.0 Company Summary 4
3.0 Company Ownership 5
4.0 Services Summary 5
5.0 Industry Overview 6
6.0 Market Analysis Summary 7
7.0 Competition and buying patterns 7
8.0 Opportunity Rationale 8
9.0 Strategy and Implementation Summary 8
10.0 Competitive Edge 8
11.0 Pricing Strategy 9
12.0 Sales Forecast 9
13.0 Management Summary 10
14.0 Financial Plan 12
15.0 General Assumptions 13
16.0 Projected Profit and Loss Summary 14
17.0 Projected Cash Flow Summary 14
18.0 Business Risks and Mitigating Factors 15
19.0 Appraisal of Commercial Viability 17
20.0 Appendix 1: Financial Tables 18
21.0 Appendix 2: CV’s of Key Management Personnel 26

2
1.0 Executive Summary

This business plan is a blueprint of a business expansion project in the marine logistics
industry by Horkey International Services Limited. The Company currently offers
quality services in the Engineering/Construction as Sector but wishes to expand its
service offerings with the purchase of a Houseboat to service the identified needs of
existing and prospective customers.

PROJECT COST

The total expansion cost is N364 million which covers equipment required and a
working capital component.

The company is seeking a loan/credit line in the amount of N350, 000,000 for the
purpose of purchase of a Houseboat and support equipment only. This equipment will
be deployed to site and join additional equipment already on an existing contract with
our client.

PROJECT PROMOTERS

The Chief promoter of the project is Horkey International Services Limited as

represented by Mr. Akudihor Ejiro and Mr. Jockey Henry.

PROJECTED NET PROFIT (PROFIT AFTER TAX) – 2018 -2022

The projected net profit for five years of operation is as shown below:
(N’000)
Year 1 Year 2 Year 3 Year 4 Year 5
80,589 90,592 107,779 133,822 160,586

CASH FLOW
The cumulative cash balance for the five years of operation is as shown below:

(N’000)
Year 1 Year 2 Year 3 Year 4 Year 5
48,410 100,891 164,326 246,893 353,469

3
PAY BACK PERIOD
The loan sum of N441.747 million including interest at 10% per annum would be
recouped in 60 months.

CONCLUSION AND RECOMMENDATION

The project is ascertained to be both economically and socially desirable, technically
feasible, and financially viable. It is therefore recommended for immediate
implementation.

4
2.0 Company Summary

Horkey International Services Limited ( Horkey ISL) is Limited Liability Company that
operates engineering sector (Road Construction, Dredging, Civil, mechanical, electrical,
chemical, petrochemical, Welding and fabrication, Pipeline Construction, Corrosion
etc.) as core solution providers/enhancers to the needs of oil & gas, nonoil &
gas companies in areas of designs /construction/ execution/ maintenance,
procurement as well as Marine Support and general services.

Our company, whose goal is to offer quality diversified services in the engineering
industry, with skilled and discipline professionals, having a flexible management
structure capable of handling numerous jobs in its various areas of operation. It is
partnered to key players of the engineering industry, in case of needed backup support
as and when required.

Horkey ISL has a world-class management team with direct knowledge of the industry,
extensive research experience, and unique administrative skills. Its team includes Mr.
Henry Jorkey and Mr. Ejiro Akudidor who have a combined 37 years of industry
experience. A key component of the company's strategy is to continue to add to its
ever-increasing service line

Horkey ISL began its operations in December 2000. The initial entry into the industry
was in 2001 through the provisions of major dredging services/consultancy and studies
which is one of the key operational areas of Horkey ISL. The company now has a
combined 18 years of experience in the EPC sector serving a wide customer base.
Horkey ISL takes pride in having diversified its service profile extensively within this
period of operations to include manpower and supply, training and development
amongst others.

3.0 Company Ownership

Horkey ISL was incorporated in Nigeria, in December 2000 to offer services in the
Engineering/Construction sector. The company was formed by Mr. by Mr. Akudihor Ejiro
and Mr. Henry Jockey with principal offices located in Port Harcourt, Nigeria.

4.0 Services Summary

HORKEY ISL was established to provide Road Construction Services, Mechanical

Engineering, Civil Engineering Services, Dredging and Marine support services, Pipeline
Construction, Pre-commissioning and Commissioning Services, Corrosion Management
Services, and Manpower supply to both the private and public sectors in Nigeria.

HORKEY ISL offers a wide range of expert services across the various areas of
operation. Our team analyzes each client’s individual needs to determine the best
approach complete project.

5
Today Horkey International Services Nigeria Limited core products and services
includes but not limited to the following:

 Road Construction Services

 Mechanical Engineering Services
 Dredging and related services
 Corrosion Engineering & Management Services
 Marine support services
 Civil Engineering Services
 Manpower supply, Development and Training

5.0 Industry Analysis Overview

An estimated $8 billion is spent annually on outsourcing of services in the oil and gas
industry in Nigeria in operations such as fabrication, engineering procurement,
construction (EPC), Front End Engineering Design (FEED), conceptual designs and
seismic studies. This figure is projected to hit $15 billion within the next few years
(Business Day, 2018).

Regrettably, despite these huge sums of money spent in servicing the industry, only a
very little proportion of the accruable profit is spent in Nigeria. Majority of the amounts
are repatriated abroad, where most of the equipment is manufactured; and providing
employment opportunities for citizens of other countries.

The major reason for this situation has been attributed to low local content (LC), which
is a situation where most of the service contracts are awarded to foreign firms because
local indigenous firms lack the requisite skills, technical expertise, manpower and
production capacity and capability to compete favorably.

The passage and assent of the Nigerian Local Content Policy is an expression of the
desire of the Federal Government of Nigeria to ensure that companies owned by
Nigerians actively participate not only in the oil and gas trade of Nigeria but in all
technical aspects of the Nigerian economy.

The entire essence of the new law is to increase indigenous participation in the oil and
gas industry by prescribing minimum thresholds for the use of local services and
materials and to promote the employment of Nigerian staff in the Industry.

Along with the Cabotage law in the maritime industry, which seeks to restrict the use of
Foreign Vessels in Domestic Coastal trade to promote the development of indigenous
tonnage and to establish a Cabotage vessel financing fund and for Related Matters,
Nigerian investors can better harness the opportunity available in the oil and gas
industry in Nigeria and perhaps start providing vessel, barge and tugboat leasing
services required by the industry.

6
Haulage and accommodation of crew and equipment is an essential part of an oil and
gas operation which requires the use of Houseboats, barges, tugboats and vessels.

The Houseboat industry largely services the Oil and Gas sector. Houseboats which
come under the classification of Offshore Support Vessels are a key component of Oil
and Gas offshore operations and are widely utilized as crewing quarters in operations
especially in offshore and remote locations.

The importance of workforce housing is most obviously the comfort and safety of staff
on such projects, but comfortable and sustainable accommodation has even greater
benefits for stakeholders. Workforce accommodation has been a subject of complaint
for crews on major projects. With better living facilities, many companies are finding
higher retention rates and increases in overall workforce efficiency.

As a result of these factors, despite the recent downturn in the oil and gas industry
they remain in high demand. In the course of offering our services to various clients in
the sector, Horkey ISL gas identified an existing demand with a key client segment and
seeks to capture the opportunity.

6.0 Market Analysis Summary

The market in Horkey ISL's area is very large being in the Niger Delta Area which is the
oil producing hub of Nigeria. With the resumptions of full operations by most of the
producing companies the demand for Houseboats has returned to pre-recession levels.
The company wishes to acquire a houseboat fleet to meet the existing and projected
future demand. Our market survey reveals a huge and continuing demand for
houseboats among the major oil and gas producing and servicing companies. This
demand is set to continue and increase exponentially in line with the 4.5% industry
growth projected in the sector from 2018 through to 2030. This is also in line with the
5% growth in the Oil and Gas Maritime sector for the same period.

7.0 Competition and Buying Patterns

The houseboat supply sector is highly competitive with multiple players ranging from
large scale to small scale operators who mostly sublet equipment. Some of our major
competitors in the immediate environment are:

 Ideki Services
 Fenog Group
 Homeland Integrated Offshore Limited

Despite the large number of players in this sector, the ongoing local content drive by
the Nigerian government has created a vast opportunity for indigenous players to
capture market share in this sub-segment of the marine industry.

7
Some of the major buyers in this sector are the producing and servicing companies
such as Chevron, Shell, Exon Mobil, Total, Saipem etc. Contract terms/duration of lease
tend to run for a few months to as long as 10 years. However most contracts in the
industry tend to be long term with short term renewable clauses as a check to ensure
service delivery from vendors. with our quality policy geared to continually meet and
exceed the needs of our clients through the provision of best-in-class services and
equipment and through clients’ engagement, highly skilled and committed workforce,
continual improvement of our Quality Management System and compliance with
statutory, regulatory and ethical standards, we are confident of maintaining all
contracts secured in the provision of this service for the long term.

8.0 Opportunity Rationale

Horkey ISL currently has on-going projects with Chevron Nigeria Limited and other
clients, which require the provision of varied on-shore and offshore support equipment
including houseboats. The company wishes to increase its revenue base by adding
provision of houseboats to other support equipment in its inventory. The key rationale
for this acquisition is that the houseboat will go into immediate service as part of the
requirements for an existing contract.

Market analysis has also confirmed the existing demand outside the immediate contract
supporting our long term goal of procuring additional houseboats.

9.0 Strategy and Implementation Summary

The market strategy is to capitalize on Hockey ISL's ever-increasing customer base

and contacts by offering quality and personalized service.

The company's goal in the next year is to add an additional houseboat to our fleet
while maintaining profitability levels.

The company's goal in the next three to five years is to acquire three additional
houseboats, concentrate on customer service, and promote the company and the
environment that has allowed for this increase in service by way of discounts and
promotional specials that will benefit the company and the customer.

10.0 Competitive Edge

Horkey ISL’s competitive edge is its level of quality service, first class maintenance
culture (which is critical in the houseboat business) and the company's existing client
relationships with several major oil and gas producing and servicing companies
nationwide.

4.3.1 Pricing Strategy

The company offers competitive prices, which are subject to review when necessary.
Knowledge of market and competitor prices gives Horky ISL the advantage of
8
 pricing in-line with competitors. Horkey ISL suppliers have and will continue to
supply products that enable the company to meet the customer’s price range.

11.0 Sales Forecast

Currently Horkey International Services has the following equipment utilized on various
contracts at the rates indicated below:

S/N DESCRIPTION DAILY REVENUE MONTHLY REVENUE

1 Tugboat (Shallow water) 120,000 3,600,000
2 Barges (Shallow water) 100,000 3,000,000
3 Frame Barge 40,000 1,200,000
4 Excavator (Multicat) 140,000 4,200,000
Current Daily Revenue 400,000 12,000,000
Projected Revenue with addition
of Houseboat
Houseboat (60 man) 250,000 7,500,000
Projected Revenue 19,500,000

Using the projected revenue captured above, the following table and charts show the
projected revenue forecast for with the period 2018-2022 using an 85%
occupancy/utilization rate.

Table: Revenue Forecast

2018 2019 2020 2021 2022

201,500,00 211,575,000. 232,732,50 267,642,37 321,170,850.
0.00 00 0.00 5.00 00

Chart: Sales by Year

3.5

2.5

1.5

0.5

0
2018 2019 2020 2021 2022

9
12.0 Management Summary

The company's management philosophy is based on responsibility and mutual

respect. ER maintains an environment and structure that encourages productivity
and respect for customers and fellow employees.

13.0 Key Personnel

Horkey ISL's management is highly experienced and qualified. Its key management
team includes Mr. Henry Jorkey and Mr. Ejiro Akudidor.

Jointly, they are responsible for the strategic direction of the company as well
overseeing all operations.

Descriptions of the management team and responsibilities are as follows.

Managing Director - Mr. Henry Jorkey. Mr. Jorkey has 19 years of cognate
experience in the engineering/construction/oil and gas sectors. He is a seasoned
technocrat and has brought this experience to bear on the operations of Horkey ISL.

Mr. James makes major decisions concerning contract quotes, completing contracts,
working up quotes, arranging financing as needed and has overall responsibility for
day to day operations.

Director– Mr. Ejiro Akududor. Mr. Akudidor has 18 years’ experience in Oil and Gas,
Dredging and related services. As a director with Horkey ISL he is involved with
directing the firms long term strategy and new business development.

HR & Admin Manager-Mrs Owanari Osumili. Mrs Osumili is a seasoned

HR/administration professional with 9 years cognate experience. She is in charge of
all HR/Admin related functions of Horkey ISL.

In addition to these Horkey ISL has a complement of very qualified personnel for in
other management/supervisory positions key to the efficient administration of this
project as itemized in the table below:

Table: Additional Key Personnel

S/ Staff Name Designation Qualifications Experience

N

4 Ekah Ezekiel Finance/ BSc Accounts, ACA (ICAN), MNIM, 12 Years

Account Member CITN.
Manager

10
 5 Akosile Afolami Lead BEng Mechanical Eng. , 5 Years
Document Document Control &
Control Management System with EDMS
(ILM UK & LOONADEK), T-
BOSIET, HSE LEVEL 1-3, CPM
(IPMP)
6 Emmanu Project BEng Civil Eng. Corporate 11 Years
el Ezeme Engineer Member NSE (MNSE)
7 Clement Enaife Project BSc Physics, T-BOSIET, T- HUET, 13 Years
Superintende Cert. Of Achievement IADC
nt Singapore.
8 Peter Balogun Lead MSc Surveying, BSc 25 Years
Surveyor Surveying, HND Land
Surveying, Reg.
Surveyor SURCON, Member NIS,
Member NHS,
Anthony Ajayi HSE Manager BTech Urban & Regional 5 Years
Planning, Oil & Gas Safety
Health Professional, Manager,
Supervisor, Specialist, Trainer
(OSHA), Occupational Safety &
Health Professional,

13.1 Additional Personnel Required

Horkey ISL will hire an additional 9 personnel on a permanent basis for its Houseboat
Leasing Project as itemized in the table below:

DESCRIPTION NUMBER
ELECTRICIAN 1
UTILITY STAFF 2
MECHANIC 1
SUPERVISOR 1
SECURITY MAN 4

11
 14.0 Financing Plan

Financing Plan
The Project is expected to be financed with equity contribution of the promoters and
term loan and overdraft. The overall capital requirement for the project sums up to
approximately 364 million and we propose the financing structure to be as follows:

N’ million
i. Equity Contribution - 14
ii. Term Loan - 350

Total Capital Requirement - 364

The equity contribution of N14 million will be used to finance working capital for six
months

3.5.1 Working Capital Breakdown (6 months)

Operating expenses
Sales and marketing 300,000.00
Insurance
825,000.00

Payroll and Payroll Tax

5,012,312.50

Maintenance, repair, and overhaul

2,500,000.00

4,009,850.00
Utilities
Administrative fees
600,000.00

Other
600,000.00

Total
13,847,162.50

12
 15.0 General Assumptions

Table: General Assumptions

KEY ASSUPMTIONS
Assumptions Rate Actual value in first
year
Project assumptions
Period of Equipment Delivery 1 Month (from
and revamp (Months) date of payment)
Operating Assumptions
No. of working days in a day (310 days /yr.) (46 days projected for
maintenance/dry dock
Revenue Assumptions
House Boat 250,000
Barges 140,000
Multi-cat 140,000
Tugboat 120,000
Equipment Capacity 85%
utilization
EXPENSE ASSUMPTIONS
Daily cost of fuel (% of 6%
revenue)
Wages (% of gross revenue) 1%
Operating cost growth Rate 2%
Interest 10%
Corporate tax rate 30%

16.0 Projected Profit and Loss

The Projected Profit and Loss can be seen in the following table and charts.

ITEM 2018 2019 2020 2021 2022

TOTAL SALES 200,492,5 210,517,125. 231,569,83 266,304,1 319,564,995.75
00.00 00 7.50 63.13

Less Total 85,364,64 81,098,953. 77,598,90 75,129,73

9.30 72 4.84 5.83 90,155,683.00
Operating
Expenses
Less Taxes 34,538,35 38,825,451. 46,191,27 57,352,32 68,822,793.83
5.21 38 9.80 8.19

Net Profit 80,589,49 90,592,719. 107,779,65 133,822,0

5.49 89 2.86 99.10 160,586,518.93

13
 Chart: Profit Yearly

180

160

140

120

100

80

60

40

20

0
2018 2019 2020 2021 2022

17.0 Projected Cash Flow

The following table and chart are the Projected Cash Flow figures for the period
2018-2022 for this project.

(N’000)
Year 1 Year 2 Year 3 Year 4 Year 5
48,410 100,891 164,326 246,893 353,469

400
350
300
250
200
150
100
50
0
2018 2019 2020 2021 2022

14
18.0 BUSINESS RISK AND MITIGATING FACTOR

BUSINESS RISKS
The possible risk associated with projects of this nature can be outlined as follows:

I. Technical (Equipment, Technology failures)

II. Competition

Technical Failures (Low Risk)

The major technical risk is the ability to ensure optimal performance of equipment on a
sustained basis as required by the client. The low risk rating here results from quality
of our equipment, and maintenance culture. Consequently, selection of equipment is
clearly of vital importance. Very detailed information has been assembled and is still
being assembled from manufacturers and the criteria being considered include useful
life, trouble free operation, ease of operation and maintenance ease.

Horkey ISL has also over the years as part of our Quality Policy attained a high
maintenance culture with a competent technical which ensures optimal performance of
our equipment in the field. This will to a large extent mitigate the risk of downtime due
to equipment failure.

Competition (High)

There are many local providers of this service and so strong local competition is to be
expected within the short term and even long term. Competition is mainly expected
from larger firms with more equipment and can afford to reduce their rates to gain
competitive advantage. However Horkey ISL expects to counter this challenge through
use of the following strategies:

a. High quality Service

b. Comparative price advantages for long term projects

c. Continuous improvement in operational standards

5.1 SWOT ANALYSIS

Strengths:
 Horkey ISL has a first class management team as well as support personnel.

 We have standard equipment and technology to ensure competitiveness in the

industry

 We have a clear cut cost effective project implementation strategy

 We have creative and innovative ideas coupled with years of experience and
adequate skill sets
15
  We record high standards for the quality of our services within the market place

Weaknesses:
 Limited access to adequate capital at single digit rates.

 We are deficient in controlling price fluctuations

Opportunities:
 The Local Content Policy implementation has opened up the oil and gas sector
favorably for local operators

 The oil and gas sector is experiencing a gradual recovery which will ensure the
need for our services.

Threats:
 Competition is very high with a few large indigenous operators trying to harness
bulk of the market share.

 High banking interest rates and unattainable collateral for expanding operations

19.0 APPRAISAL OF COMMERCIAL PROFITABILITY

16
FINANCIAL PROJECTIONS:
This section undertakes the financial projection of the project by relating the streams of
projected costs and revenue for the first five years of its operation. Thereafter,
standard appraisal techniques are used to evaluate the feasibility or commercial
profitability of the project.

a) Projected Profit and Loss Account

The projected Profit and Loss statements of the company for five years shows that the
project will post a net profit after tax of N80.5 million in the first year of operation,
rising steadily to N160.5 million in the 5 th year. See profit and loss in the financial
tables section.

b) Cash Flow Projection

The cash flow projection indicates that the project will have a good and reasonable
financial position over the five year period. The projected net cash flow, which is
positive throughout the period, was N48.4Million in the first year to N353.4 million in
the fifth year.

5.3 ECONOMIC ANALYSIS

The project has indicated positive economic contribution to the overall development of
the national economy. In terms of employment, about 9 persons will be gainfully
engaged by the project. The employees are expected to earn about N10 million in year
1, rising to N15 million in year 5. This will boost national income and the multiplier
effect on the economy is significant. In terms of tax revenue to the government, the
project promises to return a tax of about N34.5 million to government coffers in the
first year of its operation. By the 5th year, tax return will rise to over N68.8 million. This
is, no doubt, a positive contribution to government revenue and its impact on national
development cannot be assumed away.

5.4 CONCLUSION/RECOMMENDATION
From the foregoing, therefore, there is no doubt that the project is commercially
profitable and its execution will be highly financially rewarding. We therefore strongly
recommend that the project be implemented without further delay. We envisage no
obstacle in attracting necessary funding in view of its apparent attractiveness.

17
APPENDIX 1: FINANCIAL TABLES

18
19
20
21
LOAN AMORTIZATION SCHEDULE
MONT SCHEDULED
BALANCE PRINCIPAL INTEREST
H PAYMENT
350,000,000.
00
350,000,000. 7,362,453.5 4,571,504. 2,790,949
1
00 5 40 .15
345,428,495. 7,362,453.5 4,607,958. 2,754,495
2
60 5 22 .33
340,820,537. 7,362,453.5 4,644,702. 2,717,750
3
39 5 72 .83
336,175,834. 7,362,453.5 4,681,740. 2,680,713
4
66 5 23 .31
331,494,094. 7,362,453.5 4,719,073. 2,643,380
5
43 5 09 .46
326,775,021. 7,362,453.5 4,756,703. 2,605,749
6
34 5 64 .91
322,018,317. 7,362,453.5 4,794,634. 2,567,819
7
70 5 26 .29
317,223,683. 7,362,453.5 4,832,867. 2,529,586
8
44 5 35 .20
312,390,816. 7,362,453.5 4,871,405. 2,491,048
9
09 5 31 .24
307,519,410. 7,362,453.5 4,910,250. 2,452,202
10
78 5 58 .97
302,609,160. 7,362,453.5 4,949,405. 2,413,047
11
20 5 61 .94
297,659,754. 7,362,453.5 4,988,872. 2,373,580
12
59 5 87 .68
292,670,881. 7,362,453.5 5,028,654. 2,333,798
13
72 5 84 .71
287,642,226. 7,362,453.5 5,068,754. 2,293,699
14
88 5 04 .51
282,573,472. 7,362,453.5 5,109,172. 2,253,280
15
85 5 99 .55
277,464,299. 7,362,453.5 5,149,914. 2,212,539
16
85 5 26 .29
272,314,385. 7,362,453.5 5,190,980. 2,171,473
17
59 5 40 .15
267,123,405. 7,362,453.5 5,232,374. 2,130,079
18
20 5 00 .54
261,891,031. 7,362,453.5 5,274,097. 2,088,355
19
19 5 69 .86
256,616,933. 7,362,453.5 5,316,154. 2,046,299
20
51 5 08 .46
251,300,779. 7,362,453.5 5,358,545. 2,003,907
21
42 5 84 .71
245,942,233. 7,362,453.5 5,401,275. 1,961,177
22
58 5 64 .91
240,540,957. 7,362,453.5 5,444,346. 1,918,107
23
94 5 17 .38
24 235,096,611. 7,362,453.5 5,487,760. 1,874,693
22
 77 5 15 .40
229,608,851. 7,362,453.5 5,531,520. 1,830,933
25
62 5 32 .23
224,077,331. 7,362,453.5 5,575,629. 1,786,824
26
29 5 44 .11
218,501,701. 7,362,453.5 5,620,090. 1,742,363
27
85 5 29 .25
212,881,611. 7,362,453.5 5,664,905. 1,697,547
28
56 5 68 .87
207,216,705. 7,362,453.5 5,710,078. 1,652,375
29
88 5 44 .11
201,506,627. 7,362,453.5 5,755,611. 1,606,842
30
44 5 40 .14
195,751,016. 7,362,453.5 5,801,507. 1,560,946
31
04 5 46 .09
189,949,508. 7,362,453.5 5,847,769. 1,514,684
32
58 5 49 .06
184,101,739. 7,362,453.5 5,894,400. 1,468,053
33
09 5 43 .12
178,207,338. 7,362,453.5 5,941,403. 1,421,050
34
66 5 20 .34
172,265,935. 7,362,453.5 5,988,780. 1,373,672
35
45 5 79 .76
166,277,154. 7,362,453.5 6,036,536. 1,325,917
36
67 5 17 .38
160,240,618. 7,362,453.5 6,084,672. 1,277,781
37
50 5 35 .19
154,155,946. 7,362,453.5 6,133,192. 1,229,261
38
15 5 39 .16
148,022,753. 7,362,453.5 6,182,099. 1,180,354
39
76 5 32 .23
141,840,654. 7,362,453.5 6,231,396. 1,131,057
40
44 5 25 .30
135,609,258. 7,362,453.5 6,281,086. 1,081,367
41
19 5 28 .27
129,328,171. 7,362,453.5 6,331,172. 1,031,281
42
91 5 54 .00
122,996,999. 7,362,453.5 6,381,658. 980,795.
43
36 5 20 35
116,615,341. 7,362,453.5 6,432,546. 929,907.
44
16 5 44 11
110,182,794. 7,362,453.5 6,483,840. 878,613.
45
72 5 47 08
103,698,954. 7,362,453.5 6,535,543. 826,910.
46
25 5 52 02
97,163,410. 7,362,453.5 6,587,658. 774,794.
47
72 5 87 68
90,575,751. 7,362,453.5 6,640,189. 722,263.
48
85 5 78 76
83,935,562. 7,362,453.5 6,693,139. 669,313.
49
07 5 59 96
77,242,422. 7,362,453.5 6,746,511. 615,941.
50
48 5 62 92
51 70,495,910. 7,362,453.5 6,800,309. 562,144.
23
 86 5 26 29
63,695,601. 7,362,453.5 6,854,535. 507,917.
52
60 5 88 67
56,841,065. 7,362,453.5 6,909,194. 453,258.
53
73 5 91 64
49,931,870. 7,362,453.5 6,964,289. 398,163.
54
82 5 80 75
42,967,581. 7,362,453.5 7,019,824. 342,629.
55
02 5 02 52
35,947,757. 7,362,453.5 7,075,801. 286,652.
56
00 5 09 46
28,871,955. 7,362,453.5 7,132,224. 230,229.
57
91 5 52 03
21,739,731. 7,362,453.5 7,189,097. 173,355.
58
39 5 88 67
14,550,633. 7,362,453.5 7,246,424. 116,028.
59
52 5 75 79
7,304,208. 7,362,453.5 7,304,208. 58,244.
60
76 5 76 79

24
APPENDIX 2: CV’S OF KEY MANAGEMENT PERSONNEL

RESUME

25
Name: Henry Oke Jockey

Date Of Birth: June 29th, 1968

Place Of Birth: Lagos State

Marital Status: Married

State Of Origin: Delta

Home Town: Irvogbo

Local Govt: Isoko South

Home Adress: 6, Clement Eke Woji, Port Harcourt, Rivers State.

Postal And Contact Address: P.O Box 704,

Educational Data:

Schools Attended:

Torufa Primary School, Warri 1973 – 1979

James Welih Grammar School, Warri 1979 – 1983

Idah Polytechnic, Kogi State (OND Accounting) 1987 - 1989

Yaba College Of Technology, Lagos State

(HND Accounting) 1990 – 1992

Working Experience:
NYS State Secretariat (NYSC) 1992 - 1993

Well Head Dredging Limited 1994 - 2000

Jockey Investment Limited (Director) 2000- 2008

South Dredge Limited (Director) 2009 – 2013

Horkey International Services Ltd (Managing Director) 2014 – Till Date

Hobbies: Football, Reading, Golf

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 CURRICULUM VITAE
PERSONAL DATA:
NAME: AKUDIHOR EJIROGHENE
DATE OF BIRTH: 30TH NOVEMBER, 1970
STATE OF ORIGIN: DELTASTATE
NATIONALITY: NIGERIAN
MARITAL STATUS: MARRIED
SEX: MALE
RELIGION: CHRISTIANITY
INSTITUTIONS ATTENDED, QUALIFICATIONS AND DATE
INSTITUTION QUALIFICATIONS DATE
Caveginia Primary School Warri FSLC 1976-1981
Hussey College Warri WACE 1981-1983
ESSI College Warri ’’ 1983-1988
Edo State University Ekpoma B. Arch 1991-1997
University of Port Harcourt Environmental Engineering –in view
WORKING EXPERIENCE WITH DATE:
COMPANY POST DATE
1. Associated Technology services Logistics Officer 1996-1997
2. Wellhead Dredging Nig Ltd Manager 1997-2001
3. Ejiril Nigeria Limited Managing Partner 2001-2006
4. Southern Offshore Limited Director 2007-2009
5. South Dredge Limited Managing Director 2009 - 2014
6. Horkey International Services Ltd. Executive Director 2014 - Till date

OWANARI OSUMILI
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CONTACT DETAILS
11, Harley Street, Old GRA
Port Harcourt, +234 810 676 4621
Rivers State o.owanari@gmail.com
EDUCATION
2010 -2011 University of Hertfordshire, United Kingdom
MSc. Management(Commendation)
2004–2008 University of Ghana Legon B.A
Economics and Philosophy (Second Class Division)
2001 – 2003 Royal Girls Academy
West Africa Senior Secondary Certificate Examination (SSCE)
1997 - 2000 Olashore International School
1991 – 1996 Montessori International School
First School Leaving Certificate (Distinction)

PERSONAL DETAILS
Date of Birth 12/05/1987 Nationality Nigerian
State of Origin Rivers State Sex Female
WORK EXPERIENCE

Jan 2017 – Dec 2017
Equipment Hall Ltd (Head of Procurement and Logistics)
 Managed and ensured all deliveries to each required site are
completed effectively and all supplies are accounted for
 Assisted the HR department in the selection and hiring of junior
team members in the department
 Conducted a week long orientation programme which consisted
of introduction to the company’s processes for the supply chain
department and trainings for newly hired team members
 Engaged in quarterly performance appraisals for team members
whereby I offered suggestions to the HR departments on
certain development plans for team members that are not
meeting the requirements on the job
 Ensured clear documentation for supplier selection is obtained
for auditing purposes.
 Successfully introduced the Allocacoc products to Nigerian
Market
 Engineered the procurement and logistical aspects of
introducing the WowBudd ( Equipment Hall’s own brand of
interactive flat panels) into the country

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2012 – 2016 Equipment Hall Ltd (Procurement Officer)
 Deployed profitable investment solutions in the most cost
effective way in line with company’s business ethics
 Carried out detailed and thorough procurement searches,
negotiations and purchases for both office supplies and
customer’s requests
 Followed up and expedited orders before items arrived in the
country to avoid delays
 Managed all procurement and investment data, and present such
reports to management weekly
 Engaging brands. I was successful in getting authorised
distributorship for Equipment Hall Ltd with Pipoetc
 Handle all logistics issues between suppliers and shippers like
VAT clearance certificate, Request to screen items, SON
certificate, exporting documents etc
2011 - 2011 Opro, United Kingdom (Data Entry Personnel)
 Performed data entry duties and also analyzed data

2009 - 2010 The Office of the Head of Service of the Federation, Abuja
(The Pension and Records Department)
(National Youth Service Corp Scheme)
 Carried out clerical as well as administrative duties

KEY SKILLS AND INTERESTS

Personal: Excellent communicator; result driven; ability to multi-task to meet set targets and adjust to new
challenges.
Professional: Structured and analytical approach to problem solving; on-the-job dynamism and flexibility; exemplary
planning and prioritizing skill.
IT Skills: Proficient in the use of Microsoft Office Suite (Power point, Word and Excel), Tally ERP and SPSS

VOLUNTARY WORK EXPERIENCE

April 2011 Grove House Hospice, United Kingdom (Fund raising coordinator)
 Organized and successfully carried out a fundraising activity for
the Grove House Hospice UK

29