CrossBorder Limited

Company profile

Cross borders limited.

Limited liability company incorporated in the republic of kenya on march 19th 2000.

Communication.

Postal P. O. Box.86613 mombasa

,254 041 230860 E-mail: Com or Co. Ke

Bankers.

Fidelity commercial bank limited

Ips building

Nairobi

Standard chartered bank ltd

Treasury square branch

Mombasa.

Principal activities

Import, export, wholesale& distribution of petroleum products.

Import of bulk agricultural commodities as agents of major supplies worldwide.

Location

Head office situated along abdelnasser road mombasa with one branch in nairobi.

General information

Company ventured into importation of refined petroleum products having been duly licensed by the ministry of energy.

In compliance with licensing conditionalities company process 25% of monthly turnover at the kenya petroleum refineries limited procures 55% of refined products within the open tender system and imports 20% refined products from overseas.

Company turnover for the year 2003 surpassed ksh.100 million and is expected to double during the year 2004.

Main product is furnace oil(fuel oil cst 180), which is supplied in bulk to portland cement company and other large-scale manufacturers.

In addition to petroleum company has been dealing in bulk agricultural commodities as an agent of major suppliers.

Turnover in the commodity business exceeded 250 million for the year ending 2003.

Establishment

The c. E. O is a hands on executive who invests his time and energy in day to day activities of the company.

The c. E. O. Is supported by a general manager who is responsible for administration, finance and human resources in addition to co-ordinating the marketing and operations divisions.

Company is divided into three main divisions( 1). Administration and finance(2). Operations( 3). Marketing.

The three divisions work in harmony and activities of each division compliments the other one.

Expansion plans.

Given the conditions of servicing a petroleum license in kenya, it is imperative that the company expands and converts cross borders limited into a holding company with two subsidiary companies.

One of the subsidiary companies will be focused on marketing and distribution on a large scale. This is necessary in order to achieve sustainable profitability given that current government policy is highly in favour of the big multinationals. Under such circumstances venturing into the upcountry market is the most opportune way to break even and recoup losses incurred due to processing 25% of our market share at kenya petroleum refineries ltd.

The second subsidiary shall be focused mainly in procurement of crude and other refined products from the international market.

Given the stiff competition offered by multinationals it is imperative to have a company focused at the international market seeking products at competitive prices and acceptable quality. This company shall be an active participant in the open tender system for both crude and refined products.

A foreign-based partner and or investor may have to be incorporated into this subsidiary company with a view of mobilizing finances required to undertake such a venture.

Company is also looking at possibilities of widening the bulk commodities sector and has an independent division solely working on the project.

Great focus is being maintained at domestic level in terms of marketing and a breakthrough is expected in this regard before end of the year.

Mission settlement

Sustainable growth backed by quality customer care and superior products tailored to meet market demands, supported by top range customers and major players in the economy