BOI-BDSP SERVICES

BUSINESS PLAN AND LOAN INTER-MEDIATION IN PARTNERSHIP WITH BANK OF INDUSTRY (BOI)

BOI has a core mandate of providing financial assistance for the establishment of large, medium and small enterprises as well as expansion, diversification and modernization of existing enterprises and rehabilitation of ailing industries. 

Due to the coherence of this mandate with ours, which is to bring certainty to businesses and projects through: Leadership, quality service, expertise advice, and support, we of, DIL Consulting Ltd. have therefore signed a partnership as the Business Development Service Provider or BDSP to BOI to bring the below listed services to you.

SCOPE OF SERVICES

The BDSP has agreed :

• to conduct capacity building programmes for prospective and current MSME customers of BOI based on identified gaps in order to address their deficiencies.
• to develop bankable business plans and proposals on behalf of potential customers which would facilitate access to finance.
• to monitor and handhold the customers post-financing on long-term basis.
• to Inculcate the benefits of clustering, networking and cooperative formation among micro-enterprises.
• to collaborate with BOI to identify customers that require access to finance.
• to collaborate with BOI to conduct periodic post-finance monitoring of MSMEs.
• to support the MSMEs to develop synergies and sustainable relationships with large enterprises, industrial buyers and suppliers along the value chain of all priority sectors of the Nigerian economy that will help them capitalize on market opportunities and increase economic profit and reward.
• to follow up on the processing of the loan proposal on behalf of the customer
• to provide post-loan approval and post-finance services to the customer as may be agreed from time to time between the BDSP and the customer.

For more information and enquires:

Phone: 08033144467, 09-2902155

E-mail: Dilconsultingltd@gmail.com

Authentication

TO SEE IF YOU ARE ELIGIBLE AND HOW TO APPLY FOR THE FOR THE LOAN  

Who can Bank of Industry Assist?

• Small, medium and large enterprises, excluding cottage industries.
• New or existing companies, seeking expansion, modernization or diversification.
• Credit worthy promoters who will be required to prove their commitment to the project by contributing at least 25% of the project cost excluding land.
• Borrowers whose management capability, financial situation (including availability of collateral and guarantee), character and reputation are incontrovertible.
• Clients with demonstrable ability to meet loan repayments.
• Borrowers with no record of unpaid loans to erstwhile development finance institutions and other banks.

The bank’s emphasis is on prudent project selection and management; accordingly, it supports quality projects with potential developmental impact. BoI therefore, considers industries that meet the following criteria:

• Capacity to substantially add to industrial output.
• Projects that use largely domestic raw materials.
• Industry in which Nigeria’s comparative advantages could be converted to competitive ones.
• Ability to promote the expansion of exports through the production of high quality products that are attractive to domestic and export markets.
• Niche projects that produce for worldwide consumption.
• Projects that create both forward and backwards linkages, with the rest of the domestic or regional economy.
• Ventures that promote inter-state or regional integration.
• Small and medium enterprises (SMEs) that have linkage with large firms, belong to clusters and operate under franchise.
• Enterprises with high employment generation capacity.
• The project must be technically feasible, commercially viable and economically desirable.
• Projects that are environmentally friendly.
• Enterprises that have good management set-up and proper accounting procedures.
• Enterprises promoted by women entrepreneurs.

• The following industrial sub-sectors are also accorded priority in the project selection

• Agro-industries, textile and leather
• Polymer –based industries
• Solid minerals
• Foundries
• Information communication technology (ICT) services

To access these loans, the business needs to meet certain criteria.

• Formal letter of Application
• Photocopy of Certificate of Registration or Incorporation
• Photocopies of the Certified True Copies of Forms C02 and C07
• A photocopy of the Certified True Copy of Memorandum and Articles of Association      of the Company.
• Feasibility Study Report (4 copies)
• Quotations for items of equipment (at least 2 or 3 quotations from different sources),     where applicable.
• Three (3) years most recent Audited Accounts of the company (for existing company).
• Organizational Structure and Management of the company.
• Declaration of total outstanding liabilities of the company.
• Statement of Account for the past six months from the company’s bankers
• Acceptable Securities shall include a charge/security interest over all of applicant’s assets, copyrights, rights etc. and on the equipment/ assets financed and/or the under-listed securities among others:
• Registered Intellectual Property/Proprietary Assets. Assignments of all agreements and Intellectual Property Rights (IPRs) to BOI. The Bank would have right in the negotiation of valuation of IPRs
• Joint and Several Guarantees of the Directors of applicant Company with Notarized Statement of Net worth.
• Provision of Guarantee cover issued by any financial institution acceptable to the bank.
• Insurance cover from any acceptable/reputable insurance company for short term lending of not more than one year.
• Marketable financial instruments.
• Assignment of receivables/lien on proceeds/deposits and the right of set-off.
• First hypothecation charge on all the tangible moveable assets under the project.
• Ordinary producers would be required to bring in at least 25 per cent of the project cost as promoters’ contribution.
• Producers would be required to tie up the advances from the Distributors to over 35 per cent to 40 per cent of the budget.
• A Trust and Retention Account (TRA) may be maintained for all capital as well as revenue inflows and outflows. Thus receivables on sale of all IPRs would be credited to TRA. The modalities of TRA would be worked out on case-by-case basis to the satisfaction of the Bank, which will have first charge on the TRA.
• Any other security that may be acceptable to the bank.
• Three (3) years most recent Tax Clearance Certificate for the Company and two (2) Directors.
• Eight recent Passport photographs of each of the two Directors and the Company Secretary.

SECTION B – LIST OF INFORMATION EXPECTED IN THE BUSINESS PLAN

1) Information on the company’s activities since incorporation.

2) Biographies of shareholders of the company and their percentage shareholding.

3) Projects concept, the need for the project and detail project description

4) Details of the pre and post production cost as well as the proposed financing plan with realistic assessment and evidence of availability of funds from each source.

5) Details of existing assets and the value as well as cost incurred on the proposed project till date.

6) Detailed technical information covering technology, production process etc.

7) Information on Technical Partners, if any.

8) Details of utility requirements and availability of essential services such as water, power, transport around the project site.

9) Comprehensive list of manpower requirements broken down into categories and salaries.

10) Marketing of products and services including distribution arrangement.

11) List, qualification and position and annual salary of existing management and staff (for expansion projects only).

12) For on-going projects, give the existing, Expansion/Diversification and Consolidated projections covering Profit and Loss Accounts, Cash Flow Analysis and Balance Sheets for the period of five (5) years. Also provide the detailed information/data and assumptions used in the above projections.

SPECIFIC SECTOR REQUIREMENTS

1) REGISTERED COMPANY- ENTERTAINMENT SUBSECTOR

Any Company in Nigeria can benefit from the facility provided that it is legally registered / incorporated in Nigeria,

i. It operates in the entertainment and creative industry,

ii. It is not owned by government (Federal, State or local),

iii. It is not an oligarch business interest that may interfere with content policy for its own interests

2) INDUSTRY VALUE CHAINS / SERVICE AREAS

Funding under this facility covers all segments of the entertainment industry and across any stage of a production process. The following categories are therefore eligible for funding support;

i. Film (Production, Distribution, Exhibition)

ii. Television (Production, Distribution, Exhibition)

iii. Radio (Production, Distribution, Exhibition)

iv. Fashion (Production, Distribution, Exhibition)

v. Distribution Infrastructure / Platforms

3) ACTIVITIES ELIGIBLE FOR FINANCE

a) Film production

b) Film export market development and proper distribution network / system

c) Development of distribution infrastructure / platforms

d) Development of production platforms and facilities

e) Acquisition of hi-tech production equipment and ancillary facilities

f) Existing project refinancing (where it is demonstrable that jobs will be saved / additional jobs will be created)

g) Others (As may be specified from time to time)

4) FEATURES OF SCHEME

The Nigerian Creative and Entertainment Industry Stimulation Loan Scheme (NCEILS) shall have the following key features.

a) The facility is for the funding of capital and intangible assets,

b) The facility is for a tenor of up to 10 years tenor.

c) The facility is made available in Naira and repayable in Naira.

d) The facility can be used to refinance existing debt of operators in the creative / entertainment industry that are adjudged uncompetitive and detrimental to the sustainable growth of the sector.

e) The facility shall be disbursed directly through BOI.

APPRAISAL REQUIREMENTS AND GUIDELINES FOR CO-OPERATIVES CREDIT DOCUMENTATION:

1. Formal Application

2. Submission of completed BOI questionnaire by each member.

3. Photocopy of Certificate of Incorporation of the society/co-operative (2 copies)

4. Business Plan of team member (2 copies)

5. Write up on the production processes of the business.

6. Quotations for the supply of items to be purchased from two (2) or more

suppliers.

7. Sources and quotations for Raw Materials expressed in cost per unit(s)

8. Four (4) passport photographs of each individual Promoter

9. Bye Laws of the cooperative society

10. Photocopy of International Passport or Driver’s License or National Identity card

11. Photocopy of the cooperative society’s ID card for each participating member

12. Bank account statement of the cooperative society for one (1) year

13. Evidence of membership of umbrella Association or reputable NGO

GUIDELINES

1. Members of the co-operative should be between 10 to 20 members.

2. Members should be in a manufacturing or processing business unit and NOT

trading.

3. Maximum loan amount to each member will not exceed Nl.0 million and

N10.0million to a particular co-operative society.

4. The members can be in different types of businesses but live within same vicinity

(say Local Government) and KNOW EACH OTHER VERY WELL.

5. All members are required to fill the BOI Questionnaire Form (Copy attached).

6. Tenor/Moratorium to be structured per participant based on amount of loan vis-à-vis cash flow and nature of business. Interest 10% per annum payable monthly (subject to review).

7. Processing fee - 1 % of the loan value payable at the time of collection of the letter of offer. It is non refundable.

8. Source(s) and repayment term - To be based on the nature of business of each participant and can be structured based on weekly or monthly repayment as may be agreed with each participant.

9. Security arrangement which shall include:

o Deposit of 10% of the loan amount in an interest yielding joint account opened by the co-operative society with a designated bank with BOI as the sole signatory.

o Joint and several guarantees of the beneficiary members of the Society of BOI loan.

o Two external references/guarantors acceptable to BOI who must belong to any of the following categories: Clergymen, Traditional Rulers, Bankers, Policemen, Lawyers, judges or Senior Civil Servants.

o Payment of principal and interest as they fall due would be made by the Society through Bank Draft payable to BOI.

o Lien on stock of trade and items of equipment, where applicable.

o Pledge of personal assets (e.g. land and building) and chattel (e.g. car, furniture) of each beneficiary member, particulars of which are to be annexed to the Loan Agreement.

BUSINESS PLAN/FEASIBILITY STUDY QUESTIONNAIRE

To facilitate the assignment and to enable us come up with the Business plan, we need you to read and provide us with responses/answers to the following questions. Your immediate responses will be appreciated.

1. What is the company’s name
2. Is XY limited already registered?
3. When was it registered?
4. Is it ongoing or a start up?
5. Can you provide us with copies of the C07, C02, memorandum of association, articles of association? This will enable us to obtain necessary details about the company.
6. What kind of business is your company into?
7. Do you have any other kind of business you have been into before or still in?
8. Can you also provide us with CV or brief descriptions of your proposed mgt team if any?
9. Can we have the profile of the company if any?
10. What management structures are you proposing? List the names and qualification of any management team you have in mind if any
11. What do you think the vision and mission should be?
12. What informed your wanting to have start or expand this business
13. How Much do you need for the project?
14. How much do you want the financier to finance?
15. do you have invoice from suppliers? can you get 2-3 different types?
16. Do you have statutory license or registration?
17. What about tax etc?
18. Who are your Bankers?
19. Do you have any form of accounting system?
20. Do you have ready customers or off takers or do you have any in mind? If yes what are their lines and how much can they do?
21. Can the populace in that locality or business environment justify the business sense? Can you explain?
22. Have you attended any management training or training in relations to this business before?
23. Have you been in touch with the competitors or distributors or dealers etc?
24. Have you obtained approval before in respect of this business?
25. Can you make your self available for a visit to the proposed locations, route or cities for sightseeing and initial study?
26. Can you or your staff gather information for us should we need it for the purpose of this business plan?
27. What volume do want to start with? What are their prices? What make are we looking at. Can you give more information or specific info on the production and distribution of goods and or service?  Kinds types, etc of machines and products?  
28. What kind of relationship does the bankers want to have? Partnership, investment, lending etc? Would they be branding the vehicle etc?
29. Do you have a space or land?
30. Have you already acquired the plot(s)?
31. Can you tell about the size, location, describe the space?
32. Can the land be used for collateral?
33. Can you confirm terms and conditions from banks?
34. What are the estimated expenses on month basis?
35. How much have you or do think you can spend on the project? Or contribute as equity?
36. What are the sources of finance you intend for your contribution to the project?
37. How do you intend to payback? Should there be problem with this business any other sources of income?
38. Can we get your audited accounts for this business or other businesses or companies?
39. Would you want us to carry out one for you?
40. State clearly in proportion of different types of finance- personal. Loan, hire purchase or any other sources of finance you are proposing.
41. Are there any personal or other resource(s) you intend to bring into the business e.g. motor vehicles, office equipment, or furniture? If any list with present book values.
42. Do you have any personal or other assets that could be used as collateral if required for loan finance option? Please list them if any, with location locations and current market values.
43. How soon do you think the project can start? What is your preferred date in month/year?
44. How soon do you want this report.
45. Do you have any information at your disposal that you think can be helpful?

We need these answers to have an idea of your plan and your mindset, this does not form major part of our report but it will definitely go a long way to show your commitment, enable us know you, the intention, state of preparedness and the dimension from which to approach the report.

Sorry to bother you.

COLLATERAL
A. ANY AMOUNT LESS THAN #10M 
REQUIRE 2 GUARANTORS NOT LESS THAN LEVEL 15 IN CIVIL SERVICE. THEY DONT ACCEPT GUARANTEE FROM KINGS AND RELIGIOUS LEADERS.

B. ANY AMOUNT MORE THAN #10M
REQUIRE LANDED PROPERTY WITH C OF O MUST BE DEVELOPED AND IN THE CAPITAL CITY OF A STATE


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Call now on +234 09 2902155, 08095929135, 08094809610 and 08033144467

Email: dilconsultingltd@gmail.com or info@dilconsulting.net

Office Address: Plot 495, Obafemi Awolowo Road, Vineegas Building, Near RCCG, Jabi, Abuja