₦airaland Forum

What quantity can you supply monthly? Do you have ant previous quality inspection report? What specie of beans are you dealing on?

Haggler Marketing Company Limited

Yes.

Quick question: why set up a payment
guarantee rather than taking out a
loan from the bank?

Valid question, ooseven.
With Nigerian banks, recent financial history of a borrower is more relevant than the projected viability/profitabilty of his proposed transaction or project, when it comes to credit risk appraisal.

Now, the company has not operated since 2010 (corpoate account has only just been reactivated ) as highlighted earlier. So understandably, their credit request did not fly with their bank.

Nevertheless, the same bank is willing to provide an advance payment guarantee on their behalf, to upfront payments from their cuatomers, and would avail them monitored drawdowns from such upfronts subject to their presentation of a legal mortgage valued 150% of the upfront inflow lodged in their account.

The company can provide the mortgage, thus securing the bank's position. Then the bank secures the upfront payment with the APG.

So that's the situation.

The company is simply structuring their funding needs to suit financial structures in place, while providing acceptable securities to the investor (a guarantee from a financial institution) and the bank (an acceptable legal mortgage).

Hope this answers the question.

We have a corporate client in Nigeria in the solid minerals processing and marketing business. Key executive has 13 years of active experience in the industry. He operated from a leased factory in Jos, Plateau State, until 2010 when the violence in that State forced them to shut down. Presently, the gentleman seek funds to resume operations. His company has a large customer base, comprising old corporate and individual clients. Their operation was largely toll processing: customized industrial minerals size reduction (milling) and metallic minerals concentration services. They also produced and marketed their own products.

All these facts we have checked out for ourselves.

The Promoter need funds to buy basic processing equipment to resume operations in Jos: One Crusher/Milling system, Gravity and Magnetic Separators and Classifiers. These will be applied to metallic mineral concentration and marketing ( both local and export interests exist already). For this purpose, the crusher system is locally available while the separators are small enough to come via air freight. That means operations can begin within 30 days.


For security of investment, the company can put up a Payment Guarantee from their bank (secured with a legal mortgage) of up to NGN4.5 million.

We have strong confidence in recommending this venture as a safe and profitable investment for you, given the years of personal experience of the Promoter, the strong market demand for his services and products, the generally high profitability of value added solid minerals trading (especially export) and of course, the offer of a payment (investment) guarantee from their local bank. Therefore, we shall be glad to make a without-charge introduction at the appropriate time.

Will this business opening be suitable for your friend?

We have a corporate client in Nigeria in the solid minerals processing and marketing business. Key executive has 13 years of active experience in the industry. He operated from a leased factory in Jos, Plateau State, until 2010 when the violence in that State forced them to shut down. Presently, the gentleman seek funds to resume operations. His company has a large customer base, comprising old corporate and individual clients. Their operation was largely toll processing: customized industrial minerals size reduction (milling) and metallic minerals concentration services. They also produced and marketed their own products.

All these facts we have checked out for ourselves.

The Promoter need funds to buy basic processing equipment to resume operations in Jos: One Crusher/Milling system, Gravity and Magnetic Separators and Classifiers. These will be applied to metallic mineral concentration and marketing ( both local and export interests exist already). For this purpose, the crusher system is locally available while the separators are small enough to come via air freight. That means operations can begin within 30 days.


For security of investment, the company can put up a Payment Guarantee from their bank (secured with a legal mortgage) of up to NGN4.5 million.

We have strong confidence in recommending this venture as a safe and profitable investment for you, given the years of personal experience of the Promoter, the strong market demand for his services and products, the generally high profitability of value added solid minerals trading (especially export) and of course, the offer of a payment (investment) guarantee from their local bank. Therefore, we shall be glad to make a without-charge introduction at the appropriate time.

Will this business opening be suitable for you?

Would gold production in Ghana interest you? A gold extraction business has been started in Ghana, with all machineries and local collaborations in place. If you come on board, your funds will be applied to buying gold bearing rocks from which gold will be extracted. In return, you get gold at discounts up to a maximum 10% off market price (depending on your level of investment). Risks are low as gold bearing rocks Care sampled before purchase. If this kind of business interests you, pls send us an email and we shall be pleased to make the introductions at no cost. Our email is caldwellinc@hotmail.com or you can call +233268132562 from 9am to 5pm, Mondays through Fridays.

A detailed explanation has been sent to your email box. Please review which of the options presented therein best applies to your business and advice us accordingly.

For your low level of risk appetite, I'd suggest you get a secured haulage contract, and then get some brand new trucks. Fleet managers offer up to N400K monthly in Nigeria, I understand. In Ghana, you get GHC500/day (approx. N50,000/day). Standard 24 days a month = GHC12,000 or N1.2m. We could get you new trucks on deferred payment terms. If your risk level can accommodate such business, contact us at: caldwellinc@hotmail.com

While N1.5m may not get you a container load on cash basis, it could get you several container loads on supplier credit, since you will only pay for the guarantee of future payment. The questions are: how long have you been in this business? Do you have ready buyers for your proposed import? Are there firm orders? If your answer is yes to these questions, we can structure a credit supply for you while you pay for the guarantee. You get 3 to 6 months to pay back. Is this feasible for you? Then send us a mail: caldwellinc@hotmail.com.

@ Stagga; Kinharold; Afriface; E Force; Cleverly; Lolostic; Adema

Which one would you rather be: "Truck Managers" or "Fleet Owners"?[center][/center]

I am glad to observe the enthusiasm you all show for your business. Why not match that passion with brand new trucks?
We are looking for markets in Nigeria for new trucks - Tippers, Tankers, Flat Beds, Bucket types, Mixers etc. The brands includes the popular ones - MAN, IVECO, DAF, VOLVO, MERCEDES, RENAULT as well as lower priced Chinese HOWO, DONGFENG, FOTON etc.

We provide deferred payment arrangement against your local bank guarantee. In some cases, we might also be able to assist you with securing your local bank guarantee in Lagos. It might thus be possible for you to cross the "collateral" hurdle and get a Bank Guarantee from your local bank.

On the other hand, your pre-existing haulage contract with conglomerates such as Dangote, PZ, Total, Capital Oil, MRS etc may be sufficient for your Bank to issue a guarantee on your behalf (especially where your cash-flow projection is good and a domiciliation order is in place).

Payment is deferred for the same tenor of the guarantee you are able to give us. However, a private post-guarantee-settlement may also be workable, where we offer assisted repayment plans on qualifying invoices.

So, why not consider acquiring your own fleet of new trucks? The benefits are obvious:
YOU WIN MORE HAULAGE CONTRACTS WITH THE MAJORS (because you are demonstrating more capacity)
YOU SPEND LESS ON BREAKDOWNS (and thus run a more profitable business)
YOU GAIN MORE CONTROL OF YOUR BUSINESS (since the trucks are yours, you can send them wherever there is better business offers rather than be limited by the wishes of truck owners).

If you truly believe in your haulage business, now is the time to take it to the next level: Get Your Own Brand New Trucks and take control of your business!

Tell us what brand, type and quantity you need at caldwellinc@hotmail.com or call +233268132562 (Weekdays 9am - 5pm). Lets move your business from "Truck Managers" to "Fleet Owners". [size=8pt][/size]

Your last contributor was right: import with a Letter of Credit (LC) on CIF terms. If you have the cash to make a spot purchase (paying cash via SWIFT), then you can, AND SHOULD, order with an LC. Give your bank the money; they will open an LC for you at a small fee (1.75% - 2%). If the German ships, you will have to accept (after going over the shipping documents to see if what is shipped matches what you requested) before your money will be paid out to him. If you are dis-satisfied, you can reject the shipment and your bank retains your cash.

One problem though is that the machines are used machines.

This creates the problem of capturing details of the exact working condition of the machines on the LC. That is why an Agent at the German warehouse would be helpful. He would ensure that the machines shipped are in a condition you can accept.

In the future (or if your market or usage permits) consider buying new machines instead of used ones, as this is a lot easier to describe on an LC transaction. My company, Caldwell Ghana Limited, will be pleased to supply you any kind of machinery on a deferred payment arrangement with a Deferred LC.

That  I am sure will represent the safest import solution you can get: buy now, pay later even from abroad.

We wish to introduce our import finance solutions to importers

Offering the lowest interest rates (currently between 7.5% - 10% per annum) and longest possible repayment tenors (between 6 and 60 months post shipment date), we make bold to say we can give you the best financing package in the market today. No upfront payments for financing services!

To learn more about us, please send an email and we shall provide comprehensive details.

If you are looking at importing cars, computers, trucks, buses, pre-fabricated houses or solar power products or any other product besides those related to Military, Religious or Indecency, contact us and lets arrange both the products and import financing for you company. We may also be able to assist you meet collateral issues.

We have presence in Nigeria and Ghana and we speak your language well!

Visit us here: www. caldwellfinance. webs. com

Lets do good business together.

Consider owning your own fleet of trucks imported on a deferred payment basis. That means, you import now, and pay in installments over a period of time. It will definitely be cheaper for your sister company. If they already have a depot, then they may be able to raise a letter of credit from their bank for the importation.

Our company can supply you the trucks against your sister company's LC (without confirmation) at the lowest down payment (0% - 2%). Payment can be spread between 6 months to 24 months for this transaction, depending on the total amount involved. Such payments may be twice a year instead of monthly, at zero interest (because you will be buying the trucks from us on our invoice).

We could also finance your petroleum product importation, if your sister company does importations.

Please visit our website for more details. It is www dot caldwellfinance dot webs dot com (spelling it out).
To visit our website from this page, please do the following:

a) Click on our User Name (top left corner of this posting)
b) Click on the link titled Caldwell Import Finance

You will be brought to our website. Please read through the Product/Service page and see our General requirements.

In your line of business, successful upcountry market penetration is more cost effective with your own fleet of trucks.

Our deferred payment import plan with low down payment gives you a fleet for the same amount you will pay for just the first delivery of products! So, lets empower your business to grow! Visit our website and contact us with your proposed fleet size.

Lets do good business!

We can finance your importation on deferred payment terms for between 12 to 18 months if your total invoice value is less than US$ 800,000. For larger sums, you can get longer repayment tenors. No monthly payment - you make one bulk payment at maturity, bi-annual payments or quarterly payments as your business can accommodate. Interest rate will be a fraction of bank rate in Nigeria! No upfront payment until you receive a firm offer of funds (which you can verify through your bank).

Alternatively, we can handle the importation from our network of established dealers. This gives you the option of getting both equipment and financing under one roof. Our down payment ranges from 0% to 2% maximum. With this option, you do not have to worry about interest rates - it will be built into our cost which would be spread over the agreed tenor. Payment schedule can be as described above.

Visit our website for details of our requirements. Please click on our User Name (top left corner of this posting) and thereafter click on Caldwell Import Finance at our member page. You will be directed to our website. Once there, please read through the General Conditions section on the Product/Service page. The more you know, the better your negotiations!

By the way, how is mining in Nigeria?

We thank erastus75 for the suggestions and sustained interest in our company. We shall indeed update our trading profile on ec.21 to reflect our current status. Moreso, the public will be notified of our more detailed group web portal when construction is completed.

In the meantime, please follow the easy steps below to locate our website:

Please click on our user name on the top left corner of this posting, and then (when our profile page appear), click on the website title: Caldwell Import Finance. That would take you to our finance unit website.

Please note that Three (3) attempts has been made to post our website address directly here and all three has failed to show the address completely upon posting. We thus consider this a restriction and, in compliance with the Nairaland posting Rules, we have refrained from devising any way to bypass such restriction.

We strongly encourage a visit to our website first before contacting us. You may find that some of your questions have already been answered on the Product/Service page. You may also be able to determine if our services would be of help to your particular business. Email contact is also provided on the contact page for your convenience. 

Finally, while encouraging friendliness and goodwill within the international business community, we do appreciate a certain level of propriety in all business communications and correspondences.

Our registered business address is:

Caldwell Ghana Limited (CGL)
J4/71, G.I.C.E.L Industrial Estate
New Weija, Accra, Ghana
Please see our profile page for our website address, as there seem to be restrictions in posting that on this applet.

To send us a direct email, locate our web address on the profile page here, visit our site and then use the Contact Us form. We encourage you to send a detailed written request rather than calling in order to avoid possible misunderstanding (sometimes due to voice call clarity).

We have representatives in Nigeria and it may be possible to refer serious inquiries to these after recieving clear and detailed requests.

We welcome inquiries from any part of the world, as international trade parameters are standardized worldwide. It goes without saying therefore that you must have a registered business and your business must be in a position to access import or export documentations.

Our detailed country list (on our website) gives a listing of countries in which we may transact.

We wish to introduce our import finance solutions to importers.

Offering the lowest interest rates (currently between 7.5% - 10% per annum) and longest possible repayment tenors (between 6 and 60 months post shipment date), we make bold to say we can give you the best financing package in the market today. No upfront payments for financing services!

To learn more about us, please send an email and we shall provide comprehensive details.

If you are looking at importing cars, computers, trucks, buses, pre-fabricated houses or solar power products or any other product besides those related to Military, Religious or Pornography, contact us and lets arrange both the products and import financing for you company. We may also be able to assist you meet collateral issues.

We have presence in Nigeria and Ghana and we speak your language well!

Lets do good business together.