Invitation for Bids
	Company Information

 

Invitation for Bids

Rwandex s.a is a company which commenced operations in 1964 and has a share capital of Frw 900,000,000.

The company’s main business is the processing and export of coffee and hides as well as general merchandising.

The Government owns 51% of the shares and the balance belongs to other private share holders. The Government of Rwanda would now like to divest from Rwandex s.a by selling its 51% share holdings.

Bids are invited under the following conditions :

1. Confirmed availability of funds to pay the purchase price on execution of the sale agreement
2. Bidder must be owners of the company ready to buy all the shares and not middlemen or agents
3. Details of the company history and affiliations
4. All bidders are required to pay a non-refundable fee of US $ 500 onto account n° 120.01.80 in Banque Nationale du Rwanda, proof of which will enable the information Memorandum to be obtained from the privatisation secretariat .

The Government of Rwanda will not be bound to accept the highest bid or the basis of price only and its decision.

The closing date for the submission of tender bids is Tuesday 18th July 2000 at 10.00hrs.

All bids should be addressed to the Privatisation Secretariat.

 

Company Information

1. COMPANY DETAILS

   RWANDEX S.A.
   P.O.Box 356 Kigali
   Tel: (250)75180
   Fax: (250)73967

    

2. LOCATION

   The head office of RWANDEX is at Gikondo, Kigali Urban Prefecture, it also has branches at Gisenyi and Butare.

    

3. SUPERVISING MINISTRY

   Ministry of Commerce, Industry and Tourism

    

4. ECONOMIC SECTOR

   Import-Export

    

5. SPECIFIC ACTIVITIES

   The activities of Rwandex are essentially:

   Export of hides and skins
   Export of coffee
   Importation of goods of basic necessity and computer equipment;

    

6. SHAREHOLDERS

   RWANDEX shareholders are :

   OCIR – CAFE : 5.880 shares 49.00%
   Robert Hasson : 3.526 shares 29.38%
   George Drew : 1.320 shares 11.00%
   David Woo : 294 shares 2.45%
   Tomello Pojer : 294 shares 2.45%
   Michael Compton : 294 shares 2.45%
   OCIR – THE : 240 shares 2.00%
   Masiliah Alhadeef : 2 shares 0.02%
   Alain Vignero : 150 shares 1.25%
   Total : 12.000 shares

    

7. PERSONNEL

   RWANDEX personnel comprises the following:

   Top management : 3
   Executives : 5
   Heads of Departments : 7
   Technicians : 8
   Others : 251
   Total : 274

    

8. MARKET SHARE

   Rwandex export 8.674.800 Kg of coffee in 1998 which represents 49% of the total exported by Rwanda in the same year. Proceeds from coffee and hides amounted to 9.936.620.477Frw.

    

9. FIXED ASSETS

   Net fixed assets of RWANDEX are shown in detail below (1997):

   Plots of land : 3.232.913 Frw
   Buildings : 292.787.602 Frw
   Office machines : 6.804.469 Frw
   Office furniture : 3.428.538 Frw
   Residence furniture : 71.972.507 Frw
   Factory machines : 307.939.275 Frw
   Vehicles : 88.633.850 Frw
   Total : 807.829.154 Frw

    

10. DEBTORS

    RWANDEX is owed 489.303.076 Frw (1997) in debts.

     

11. CREDITORS

    The company owes different creditors an amount of 64.906.674 Frw (1997).

     

12. GOVERNMENT SUBSIDIES

    None

     

13. DONATIONS RECEIVED

    None

     

14. POTENTIAL

    RWANDEX is relaunching its activities.

     

15. IMPORTANT DATES

    21/09/1964 : Establishment of RWANDEX
    04/08/1978 : RWANDEX SPRL become RWANDEX SARL. Its share capital rises from 12.000.000 Frw to 900.000.000 Frw.

     

16. OTHER INFORMATION

    None