Achilles Nigeria Corporate Performance Review
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services for professional procurement be better informed, make better decisions Achilles Nigeria Corporate Performance May, 2012
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Achilles Nigeria Corporate Performance Review
Transcript of Achilles Nigeria Corporate Performance Review
services for professional procurementbe better informed, make better decisions
Achilles Nigeria Corporate PerformanceMay, 2012
Outline
Overview
Project Update
Organizational Chart
Key Performance metrics
Challenges
Next Steps
Close
© Achilles Group Limited 2
Overview
The Nigeria Joint Qualification System(NJQS)commenced in May 2005.
The Nigeria Joint Qualification System (NJQS) database for the Oil & Gas industry is executed in conjunction with it’s client, Nigerian National Petroleum Corporation (NNPC) through its sub division Nigeria Petroleum Exchange (NipeX)
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Overview cont’d
The NJQS consist of Six(6) Modules:
Supplier Registration.
Essential Service Suppliers.
On site Verification & Categorization
Nigerian Content Monitoring.
Performance Feedback.
Contract Opportunities.
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Project Update
Registration commenced on June 18, 2007.
7,087 paid suppliers at various stages of the Prequalification process as at 7th May,2012.
Developed & deployed an Essential Services Suppliers module.
89 ES Suppliers are published on the database.
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Project Update cont’d
On site verification commenced in January 2008.
2,453 Suppliers have being audited as at 7th May 2012.
1,771 Prequalified Suppliers as at 7th May 2012.
Nigeria Content & Performance Feedback Modules has been developed.
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Project Update cont’d
Developed a single sign on functionality with the NipeX team.
Developed a number of documents for the Project implementation; Product/Service code Guide, Supplier Categorization book, Audit Guidelines, Core Audit Module, Statutory Requirements etc.
Facilitated a series of Suppliers Workshops, Buyer engagement & Stakeholders meeting.
Plans in top gear to launch HSEQ Audits.
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Organization Chart
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Key Performance Metrics
Metrics / Year20
0820
0920
1020
1120
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Suppliers published47
81,1
701,7
792,6
253,3
71
Registered Buyers 24 26 29 31 37
Initial Audits conducted 6315
5 3091,1
252,1
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Outstanding debt(=N=M)48.
118
2.9140
.4156
.410
6.9
Outstanding debt excluding pre-imp expenses ($K )
192.3
366.5
374.1
162.0
103.9
Payment Lead time Naira (months) - 4 4 3 3
Payment Lead time $ (months) - 12 7 5 5
Budget Utilization(%) 84 63 59 92 70
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Key Performance Metrics
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Financial Summary Statistics
YEAR 2011 2010 2009 2008 2007
TURNOVER (N)
490,539,000.00
417,054,000.00
279,165,828.00
388,302,059.00
307,220,975.00
PROFIT BEFORE TAX (N)
69,373,000.00
59,227,000.00
46,694,046.00
47,873,426.00
29,494,780.00
PROFIT AFTER TAX(N)
54,294,000.00
30,351,000.00
35,494,046.00
32,373,426.00
20,054,780.00
TOTAL ASSETS (N)
531,166,000.00
446,605,000.00
412,201,777.00
324,829,384.00
219,470,946.00
SHAREHOLDERS FUNDS (N)
170,545,000.00
116,251,000.00
85,900,052.00
63,928,206.00
31,554,780.00
DIVIDEND PER SHARE(N)
1.48
-
-
-
-
EPS(N)
4.72
2.64
3.09
2.82
1.74
NAPS(N)
14.83
10.11
7.47
5.56
2.75
PAYOUT (%) 31 NIL NIL NIL NIL
RETENTION (%) 69 100 100 100 100
ROE(%) 472 264 309 282 175
GROWTH(%) 169 50.90 76.50 61.20
ROA(%) 13.06 14 12 15 2
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Financial Score Card
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Financial Score Card continued
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Challenges
Invoice queries, returns and payment delays;
Contract ceiling and budget threshold limits;
Reimbursement Process;
Decline in rate of Suppliers being Published;
Suppliers Categorization Criteria;
Sustaining Audit Momentum;
Poor responsiveness/assistance from Group functions
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Next Steps
Review contract ceiling/budget threshold limit;
Identify and recommend alternative contract funding model;
Conclude Supplier Categorization;
Proper deployment of all modules;
Organize quarterly Suppliers training;
Explore areas of alternative lines of business opportunities;
© Achilles Group Limited 15
Thank you
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Email: [email protected]
+234 1 271 7592-4Achilles Information Limited
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