USD 5,000,000
Spent so far: USD 148,000
Can spend more: Yes
Nigeria
Assured repayment by: Independent and credible feasibility study | Operations & Management Agreement
Submission Ready Indicators:
LTV Expectation: 95%
Land/Site: Owned
EPC Contracts: Draft form
PPA/OMA or other off-take agreements: Signed
Financial Projections: Completed and available
The company currently seeks funding in the sum of Five Million United States Dollars (US$5,000,000.00) to augment own working capital for purchase of Raw Materials in operating SVIL on acquisition and commencement of operations. The loan is to be repaid over 5 years with a one-year moratorium. Liquidity: Net cash flow is positive from Year 1 and throughout the entire project forecast period of 5 years. This is a clear indication that the business is liquid, sustainable and can pay own liabilities as at when due. Profitability: Gross Margin is an average of 42%, indicating the business’ strong ability to withstand price shocks and remain profitable. Raw materials costs form the bulk of direct costs and is sustained at 58% of the turnover. Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) stood at an average 40%, indicating an efficient management of costs, to be sustained by the competent Management team, once the project kicks off. The Return On Investment (ROI) is rather impressive at 194% in Year 1 with a remarkable increment year on year. By the 5th year, 100% of total capital invested is recouped after repayment of Bank Facility and all acquisition costs.
| USD | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|
| Turnover | 43,668,983 | 66,098,537 | 66,780,158 | 67,461,937 | 67,462,096 |
EBITDA | 15,295,708 | 26,715,544 | 27,302,378 | 27,890,724 | 27,797,213 |
% | 35 | 40 | 41 | 41 | 41 |