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COMPANY PROFILE
Overview Idyak Ventures Limited, incorporated under the Companies and Allied Matter Act 1990 of the Federal Republic of Nigeria. Idyak Ventures Limited, started operations in the year 2012 to carry out the business of outright sales and services of industrial generators, transformers, PHCN to site and supporting equipments for various sector of the Nigerian economy. Idyak ventures Limited provide services in the area of sales and supplies of office consumables, petroleum products, automobile and merchandising of goods and services. The company has grown steadily by building capacities harnessing local expertise, international skills and key partnerships aimed at the delivery of world class business solutions.
Our Aims & ObjectivesTo consistently meet the needs of our customers, vendors and partners by providing the best business solution in Nigeria.The aims and Objectives include
Profitability Productivity Customer Service Employee Retention
Future growth
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Idyak Ventures Limited will be secured providing that we as a business continue to offer an economic, cost effective sales, distribution and consolidation service to customers, brand owners and manufacturing. Distribution is an extremely dynamic, demanding environment and therefore it is also crucial that we continue to explore new routes to market for our current and future supplier base" BUSINESS /GROWTH STRATEGY
Our current and future business /growth strategy are as follows:
Building capacity as a leading regional provider of power, infrastructure group under several licenses and permits
Forging strategic partnership with renowned foreign infrastructural firm with demonstrable capacity and expertise.
Constantly deepening the usage of equity, joint venture partnerships and foreign debt strategies.
Ensure that our project delivery processes and procedures comply with ISO certification.
Establishing a proactive, process driven management and organizational structure.
Constantly embarking on very aggressive training and skill acquisition programme for both middle management and top management personnel.
Pursuing a deliberate strategy of sub regional presence
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The Company is expected to grow annually by at least 20% minium.
COMPANY VISION
“To become the world's leading Company in products and services delivery.”
COMPANY MISSION STATEMENT
“To provide the best business solutions that enable businesses to excel and edging our competitors in quality, innovation and value to our customers at all times bearing in mind a good returns to our stakeholders and company’s personnel ’’.
Core Shared Values
Our Values are as follows:
1.Growth2.Maintain Financing
3.Change Management
4.Marketing
5.Competitive Analysis
The people concepts and values that prevail and define Idyak Ventures Limited are found on shared values or ethos. It is expected that all staff would internalise the values and attempt to safeguard them at all time in their work spheres. The standards by which Idyak Ventures Limited priorities will be set that will enable judgement
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to be made of opportunities. What it is like to work in Idyak Ventures Limited.Goals of Idyak Ventures Limited
Business with Honour
Idyak Ventures Limited personnel at all levels will pursue business with integrity, fairness and respect for both the individual and the common goal. There is no right way do the wrong thing.Quality as a Cornerstone
Idyak Ventures Limited must be the best in her business. The quality of work, products and services must exceed the expectation of those who receive them. Continuous improvement must propel all that is done.The Customers as the Focus
The company recognises at all times the supremacy of the customers. Prime dedication to meeting the need of customers and colleagues with high quality, high-value products and services.Global Citizenship
The company with its employees must serve responsibly as member of each community in which the company does business. Community interest must be supported by the company’s resources. Respect for the environmental sustainability concerns. Respect for cultural differences.
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Fair dealing with the fellow citizens. A unique social responsibility effort that visibly adds value to both government and society while enhancing and complementing Idyak Ventures Limited marketing efforts.The power of Trust
Mutual and invigorating trust based on honest and free flow of communication as foundation for teamwork.World-class Skills
The company’s competitive edge in the market place ultimately depends on the diligence, flexibility and mastery of the various jobs by management and employees. The company will enhance expertise by developing world-class skills through intensive offshore and onshore training on an on-going basis.The spirit of Winning
We believe that the urgent and relentless drive to shape the future of the Company in Nigeria and beyond will result in the kind of performance that will earn us the admiration and loyalty of customers and shareholder. We obsessed with being the winner by all standards. The company will be a centre of excellence in every respect.The importance of sacrifice
We recognise that today’s sacrifice is required to build the future of tomorrow. Long term gain must not be sacrifice because of the greed of today.Opportunities
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To seek, identify and capture opportunities in the market.Super customer satisfaction
To set an expectation for customer satisfaction that is vastly different and better than any competitor’s. A willingness to learn to do new kinds of things in the future which will keep customers satisfied.A 21st century model company
There will be excitement resulting from the prospect of learning and experimenting with new ideas that will lead to exciting new ways of doing things which may be adopted by the company in the industry. Quality will passionately be made a building block in every area of the company.
The dynamic global company
There must be passion to change the company for the better and indeed at large. The parameters of the world’s economy have shifted, and as powerful innovatators the company will lead the way in the local environment.Profits
Profitable operations are necessary to assure the continued and growth of the company. The long term will consists of a sequence of hurt terms. Poor performance in the short term will make even difficult to achieve strong performance in the long term. Profitability will be achieved and sustained by concentrating on the
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fundamentals and constantly following on those fundamentals.Internal symbiosis
This is the core factor that characterises the company’s matrix. No single entity of the company can exist alone. The company’s concepts can only work by the interdependent of the different entities of the company.Excellent work environment/organisational climate
We believe in working within a unique and excellent work environment and organisational climate that would stimulate creativity enhance performance and foster a sense of well being of the company.Growth extraordinary people
The company must attract the most talented people and provide them with extraordinary environment in which to grow. Consequently, comprehensive management training must be provided for existing employees who will run the company in the years ahead.Delivering the Business Responsible for the order capture and stock replenishment reaching our customer base across Nigeria 365 days a year. We control purchasing and stock replenishment ensuring that stock levels are maintained, continually reducing our customers' order lead times and maintaining consistently high service levels. We have the capability of receiving and effectively processing
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customers’ and suppliers' orders by a variety of communication channels. Servicing the Business Finance & Information TechnologyOur team of professionals develop and manage a range of information systems in house which service almost all aspects of our business. Advanced data analysis tools and back office systems allow us to provide customers, vendors, partners and suppliers with up to date management information services including sales information, order capture, invoicing and purchasing. Idyak Ventures Limited offer promotion management to enable supplier funds to be monitored and controlled.
Our automated system also facilitates real time stock management and replenishment capabilities integrates with our back office system to provide our customers with managed ranges, personalised priced delivery notes and daily invoicing. The solution provides computerised stock management and permits capture of proof of delivery.
We believe that by using the latest technologies and software systems we provide our employees with the ability to offer the highest level of service to our customer, vendors, partners and suppliers. Customers Idyak Ventures Limited customer base extends across Nigeria, West Africa sub-region to include and local multiples.
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MANAGEMENT
Our Key Management PersonnelThe resume of some of our management and technical personnel include:1.Idris Kehinde Yakubu worked extensively in the sales and marketing unit of the Motors/ Leasing Division of Mandilas Enterprises Limited before joining Mass Power Integrated Services Limited, a division of MTI Plc as Sales Manager. He had worked previously, in other roles including administrative and personnel, in various other organisations with diverse business persuasions. Over the years, Yakubu developed an exceptional aptitude for selling technical and specialised products including engineering, pharmaceuticals, oil and gas, machines and tools as well as generators and motor vehicles. He has also shown a rare capacity for managing the sales function, taking responsibility for bidding and negotiation of contracts, customer relationship development, key account management as well as the strategic functions of planning and organising, leading and coordinating, team training, coaching and mentoring. He is a team player and team builder with ample experience in business start-up. His role has consistently involved cross functional relationships at the highest levels, both within the organisations where he worked and in his external interactions with customers and other organisations.
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Born in 1972, Yakubu holds the Bachelor of Science (B.Sc) degree in Business Administration from the Ahmadu Bello University, Zaria. He is an Associate Member of the Nigerian Institute of Management (AMNIM) and presently working on professional certification of both the Chartered Institute of Bankers (CIBN) and the Nigerian Institute of Marketing (NIMARK). He has attended several business and professional seminars, workshops and conferences over the entire span of his professional engagements. Yakubu is an astute businessman, generously endowed with a rare passion to succeed in whatever task he undertakes. He is widely travelled and highly sociable.Yakubu is the Founder and Chief Executive Officer of IDYAK Ventures Limited.
2. Ayodele Thomas Abolarin He has 20 years experience in Administration and Management with vast experience in project management, administration, telecommunication provisioning, and information technology. He graduated from Ahmadu Bello University Zaria Nigeria where he obtained a degree in Public Administration and his MBA, Corporate Development and Management from University of Ilorin Kwara State Nigeria. He has worked with Strategic Insight Solutions and System Automation Incorporation as Head of Human Resources & Administration. Also, he served with BitCom
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System Nigeria Limited as Admin/Personnel Executive.He is the Executive Vice Chairman of the company.
vast in both private and public sector accounting and auditing. He graduated from the Federal Polytechnic Ado Ekiti Nigeria where he obtained his HND in Accountancy in 1987. He is an associate member; Institute of Management Consultant and Institute of Chartered Accountants of Nigeria. He has worked with Benue Investment &Property Ltd as a Senior Accountant and served as Head Internal Audit with Farotti Fragrances Ltd and has also worked with Benson Oladunjoye & Co. as Audit Manager. In addition, he worked as company Accountant with ALD Technical Services Limited Abuja. He is a General Consultant on Finance and Account to the company.4. Fidel Oke. He has over 20 years experience in both public and private companies with emphasis on sales and marketing. His role in sales and marketing encompass sales of IT and telecom solutions. He obtained his first degree in Business Administration from University of Lagos in 1995 and an MBA from Federal University of Technology Akure, Ondo State of Nigeria. He has worked with Alma Accessories Abuja as Chief Operating Officer, and also with Centre Piece Limited as Marketing Manger and also Head of Business Group Microtel Limited in Lagos and Abuja. He is a General Consultant on
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3.Abel Omosuyi. He has over 20 years experience in Financial Control and Internal Audit and
Strategy and Business Development to the company.5. Nelson Alexander. Nelson has over 13 years experience on electrical power distribution operations and maintenance, power distribution planning and construction, power distribution protection, control and metering with NEPA/PHCN. He also has about 3 years experience on power provision for GSM & CDMA companies. He is a licensee of the federal Ministry of Energy. He is a Consultant on Power and Transmission to the company.6. Saliu Rapheal Adewale. Energetic and goal oriented Sales & Commercial professional with vast and well rounded Sales, Marketing and commercial experience was born in the year 1970,a multi-lingua Nigerian with excellent analytical, presentation and communication skills and well respected by peers and supervisors. Worked in Sales and Marketing Division of Promasidor Nigeria Limited (Manufacturer of Cowbell, Loya, Onga, Top tea and other quality Food Products) in various branches of the company risen to the position of Regional Sales Manager overseeing the entire North West of the country in the year 2009.He has equally worked as Area Sales Manager Kano 2008-2009,Area Sales Manager Jos 2005-2008,Sales Executive Jalingo, Taraba State between year 2000-2002,Sales Representative Yola Adamawa State between year 1997-1999,Sales Manager Yola 2003-2005,
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Saliu is a family man, very intelligent and hard working amongst his achievement in Promasidor Nigeria Limited, include not limited to Outstanding Revenue growth of 109% in Jos territory even during the Crisis of 2008, doubled Yola Depot Sales from N36m to N78 in less than one year in 2004, Initiated trans-border Sales between Yola and the Republic of Cameroun 2003 – 2005.He is the Executive Director in-charge of Sales and Marketing.7. Bankole Oladapo Wahab. He was born in the year 1984 and attended federal Polytechnic, Ilaro, Ogun State for his OND programme in Electrical/Electronics in year 2006.He completed his HND programme in Power and Machine in 2010 from Lagos State Polytechnic in 2010,prior to that he had worked extensively in various companies includes SWAP Technologies and Telecomm Plc, Lagos as a ATS Engineer, Electrical Technician with MTI Plc, Lagos and Electrical Technician with JMG Nigeria Limited, Lagos and Mikano International Limited, Lagos where he has handled a lot of projects on Power generations, transmissions and distributions in Nigeria.Bankole is a member of Nigerian Association of Engineering Craftmen. He is the Head of Maintenance, Electrical and Electronic Unit of Idyak Ventures Limited.AFFILIATIONS
Idyak Ventures Limited has deepened and varied the quality of its service delivery to customers in this environment by leveraging on affiliations to world-class
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leaders in the power business and automobile vehicles with some partners and they are:1. Mikano International Limited, 2. Ziatech Nigeria Limited 3.Alliance Autos Nigeria Limited 4.Stallion Groups
5.Coscharis Motors Limited
6.Mandilas Motors. 7. R.T Briscoe Motors
8. Cummins West Africa
9. Bhojsons Plc
VENDOR SUPPORTS
For effective representation and handling of the products, our vendors will provide and support the company with:
Product Support level, training locally and overseas
Provide regular news on equipment developments and upgrades
Provide promotional and advertorial materials
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Visiting experts to resolve complex issues whenever situation demands
Warranty Support & Administration for the various products supplied by the Vendors and partners.
Generating the Business
Operating throughout Nigeria our team of Professionals offer both our customers, partners and vendors profitable growth via strong trade relationships. The influencing and execution of our suppliers' brand plans ensures that Idyak Ventures Limited offers customer value and choice, which has led to our continued success. Business DevelopmentIdyak Ventures Limited Business Development is the link with our vendors and partners. With key input into brand plans, new product development, promotions and pricing structure, our Team provides the business with the ingredients for our continued growth. This now includes the responsibility for our own brands. Key to our relationship building strategy is our PR and Marketing Function which focuses on growing both Idyak Ventures Limited and our vendors and partners brands.Strategic Measures
1. Financial forecasting, planning and Budgeting StrategiesIn order to achieve good and stable financial forecasting, planning and budgeting Idyak
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Ventures Limited has planned the following measures as part of her routine.
Percent of sales forecast Discretionary financial needed model Sustainable rate of growth model Evaluation of financial performance
2. Human Resources Management StrategiesIdyak Ventures Limited strategic measures to harness human resource include;
Work flows Staffing Performance appraisal Training and development of personnel Employee and labour relations
3. Production and Operation Management StrategiesIdyak Ventures Limited strategic measures on production and operation management include;
Production process strategies Capacity strategies Location work design strategies Layout strategies Production and operation strategies
4. Research and DevelopmentIdyak Ventures Limited intends to drive the business market in the country through intensive research and development scheme which will be based on the following method listed below to analyze and predict market needs.
R & D Emphasis
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R & D Timing Product and Process Development
However, selecting a product or service in the market can be a difficult task. Idyak Ventures Limited has put criteria in place for deciding which product and service to move with through the following consideration;
Positive Returns on Investment Feasibility of Development and Execution Uniqueness in the Market Relatively Low Risk Timeliness of Result
Total Quality Control PolicyIdyak Ventures Limited maintains very high Total quality control policy and ensures that all our products and services conform to the expectations of our customers and applicable standards and regulations.Our total quality control programme is based on the following principle;
To provide excellent services Qualitative values to our product Effectiveness and creativeness of team
work Customers satisfaction Continuous improvement principle
Idyak Ventures Limited performs business total quality control by establishing specific objectives to be achieved at various stages of the business. The actual performance is compared with the specified objective
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in order to identify any possible deviations or discrepancies that may affect the smooth flow of the operations. The business total quality control plan is updated regularly.
However, the team is led by the experienced personnel, whose duty oversees business execution starting from start-up to the end. Also the total quality control Manager who shall control all kinds ‘of business execution. Safety Policy Adequate risk and safety management are integral part of Idyak Ventures Limited business. Nevertheless it is an essential part of Idyak Ventures Limited policy and programme that all new employees are given safety induction courses and are made to understand that safety is a line responsibility. The orientation will normally include room instructions, assignments, conducting the individual around company.
Idyak Ventures Limited Community Development Policy
Social and community development are also part of Idyak Ventures success in business execution. Idyak is committed to maintaining good workable programme of action, which addresses community, related issues and sustain good relationship with the community. Idyak considers the safety of the community during and after business execution.
Company Name Idyak Ventures LimitedCountry NigeriaWebsite www.idyakventuresnigeria.comGeneral E-mails [email protected]
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Banker 1 Diamond Bank Plc,Obafei Awolowo Road,Ikoyi, Lagos
Banker 2 Guaranty Trust Bank Plc, 43,Marina,Lagos
Banker 3 Fidelity Bank Plc,Adetokunbo Ademola Street,Victoria Island,Lagos
Banker 4 Skye Bank Plc,81,Obafemi Awolowo Way,Ikoyi,Lagos.
Street Address 21,Oladehinde Coker Street, Off Akanro,Agiri Bust Stop,Ilasamaja,
City IlasamajaState Lagos.Zip +234(1)Phone Numbers 01-
7101934,08029050712,08098197201,08060317873,
Key Contact Person
Idris Kehinde Yakubu
Conclusion
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Key personal attributes of Idyak Ventures People
A typical Idyak Ventures Limited manager will function in a transparent team environment, in which he or she will have to noticeably good at something the market value ’’mastery will be the buzzword’’.
A typical Idyak Ventures Limited manager will have peers and colleagues spread all over the globe, who can call upon to further current and future projects
A typical Idyak Ventures Limited manager must have sharp entrepreneurial instincts and act as if he or she is running his or her own business.
A typical Idyak Ventures Limited manager need not be a technologist parse, but must embrace technology. ‘Coping’ with it will just not be enough.
A typical Idyak Ventures Limited manager must have a passion for renewal, he or she has got to constantly improve, and on occasions, re-invent him or herself.
Culture is dear and fundamental to Idyak Ventures Limited concept. Idyak Ventures Limited people are expected to quickly internalise these values and principles. We believe we can together identify with them, along with a number of others that would be
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shared in the course of time. We are proud to be part of this DREAM.
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