HARMONY

Holdings Ltd

HARMONY
RICE MILL
Equity Partnership and Distributorship
Right Offer
 HARMONY
Holdings Ltd

The Company:
Harmony Holdings Limited.

We are a Holding company with businesses in

diverse sectors such as;
Hospitality
Real Estate
Transport and Logistics
Insurance
Finance
Healthcare
Mining
Agribusiness etc.

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Holdings Ltd

ABOUT US
Harmony Holdings Limited (HHL) is a wholly owned
investment management company of the Kwara State
Government established to manage all State Owned
Enterprises across major sectors of the economy.

As such, we are saddled with the responsibility of

driving these business enterprises to a point of
profitability and sustainability thereby creating
employment opportunities for Kwarans as well as
improve Internally Generated Revenue (IGR) for the
Government of Kwara State.

In fulfilling our statutory mandate of the business owner,

we are strategically repositioning our companies and
investments to exploit the comparative advantage of
Kwara State as the gateway between the core North and
Southern part of Nigeria in domiciliation of investment,
particularly in Agriculture and Agro- Allied Industries.
To this end, we are currently undertaking massive
investment through the following projects:

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1. Harmony Rice Mill, shall commence operation in

Ilorin producing (100 MT Per Day)

2. Partnerships for large scale commercial out- growers

scheme for Small-holding farmers in Kwara State;

From the forgoing, it is expedient that the establishment of

such a modern large capacity rice mill will stimulate local
economy and empower businesses through our offer of the
First Mover advantage presented by these investment
undertakings.

As such, we extend to you this invitational offer of

participation in the Pre-sales order and Distributorship
right of Harmony Rice.

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Holdings Ltd

EXECUTIVE SUMMARY
Harmony Rice is the premium brand of Harmony Rice Mill
Limited a subsidiary of Harmony Holdings Limited.

The Rice Mill has initial installed capacity of 100MT per day with
parboiling machine of 40MT par batch.

The Mill is targeted annual production of 24,000MT of whole

rice equivalent of 480,000 bags of 50kg packaging.

For brand positioning, consumer preference and market

penetration, we will showcase a wide array of bagging options
across different sizes including 1kg, 5kg, 10kg, 25kg and 50kg
sizes.

This offer of Distributorship is, first, for the businesses in Kwara

State.

This is done as matter of responsibility of the parent company

HHL’s mandate to promote local businesses.i.e
‘To help drive the economic development of the State by
partnering with local and International Businesses to yield good
financial and social returns for the good of Kwara State’

Innovatively sell Kwara brands and support the growth of

companies domiciled in the State through business collaborations
and partnerships.

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Holdings Ltd

Rice Mill Processing Line.

We at HHL through our subsidiary ‘Harmony Agro-Processing Limited’ are
developing a Complete Automated Modern Rice Mill in Ilorin with the install
daily production capacity of 100MT.

The Rice Mill machineries feature a complete automated Modern

premium Rice Mill Line. Namely:-

Par-boiler

De-Stoner

De-Husker

Paddy Separator

Rice Whitener

Grader

Packing,
Bagging and
Scaling machines

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The Rice Mill Line Model..

40MT Par-boiling Machine

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Holdings Ltd

Estimated Yearly Production

(Whole Rice)
Daily Es mated Expected Monthly Expected Yearly
whole- Rice Produc on Expected whole- Produc on Aggregated
Produc on (MT) Working Days Rice Produc on Working Expected Whole
Per Month (MT) Months Per Year Rice Produc on
(MT)

80 25 2,000 12 24,000

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Yearly Valuation of Paddy

Rice Needed for Optimal
Production
Daily Es mated Monthly Es mated Es mated Yearly Es mated
Paddy Rice Es mated Yearly Paddy Paddy Price per Valua on of Paddy
Needed (MT) Paddy Needed Needed MT Needed
(MT) (MT)

125 3,125 37,500 210,000 7,875,000,000

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Estimated Cash Inow
Summary (Whole Rice)
Daily Es mated Monthly Es mated Es mated Yearly Es mated
Produc on Es mated Yearly Price Whole Valua on of Whole
(Whole Rice) Produc on Produc on Rice (MT) Rice Produc on
(MT) (Whole Rice) (Whole Rice)
(MT) (MT)
80 2,000 24,000 410,000 9,840,000,000

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 Capital
Outlay
Estimated Total Project Cost: Two billion
naira ( N2,000,000,000)

1. Complete Rice Mill Equipment

(Imported Machineries Component) N510,000,000.

2. Standard Locally Fabricated Parboiling

Machinery and Dryer with Inbuilt Thermal Energy
System (N315,000,000)

3. Estimated cost of Factory Construction and

Civil Works (N200,000,000)

4. Start-up Expenses, Administrative Overhead

and Working Capital (N300,000,000)

5. Pre-incorporation Expenses, Conceptualization,

Consultancy and Incubation (N75,000,000)

6. Backward Integration (N600,000,000)

STATUS OF FACTORY ESTABLISHMENT

Equipment Importation: At Warehouse Ilorin
Factory Building: Civil Work Ongoing
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Pre-Sales Offer.

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Holdings Ltd

THE HARMONY RICE MILL LTD

Harmony Rice Mill, Ilorin
We are using this medium to raise One Billion Naira.

The product valuation of this sum is 3,000MT of our premium

brand ‘Harmony Rice’.

This is the equivalent of 2 months production capacity of our mill.

The plant is scheduled to commence full operations in May 2022.

The parent company capital investment in the venture presently

stands at over One Billion Naira (N1,000,000,000) in
machineries, factory set up and backward integration process.

Proposed Fund Utilization:

The One billion to raise is to assist Harmony Rice Mill
with the much needed working capital to stock sufficient
quantity of paddy rice required for the first 6 months of
production before we commence our backward integration
project and finalise civil work ar the factory site.

Backward Integration: Rice Field

20,000 Ha Direct Cultivation

30,000 Ha Cultivation Through Small

Holding Farmers in Kwara

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Holdings Ltd

Our Pre-Sales Offer.

One billion naira (1,000,000,000) Pre-sales offer:
Min. Investible fund; 100 million naira equivalent of 5%
Distributorship right of our daily production outputs.

Order Categorisation
Diamond Order: Minimum Investible Sum of 250 Million
Naira, 15% Distributorship Right

Gold Order: Minimum Investible Sum of 175 Million Naira,

10% Distributorship Right

Bronze Order: Minimum Investible Sum of 100 Million Naira,

5% Distributorship Right.

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Aims
u We are opening a unique opportunity of First Mover advantage and
early bird distributorship offer to Businesses and Investors
domiciled in Kwara State in line with the policy thrust of our parent
company (Harmony Holdings Limited).

This offer is aimed at:

u Stimulating local businesses;
u Developing mutual beneficial partnership;
u Encouraging competitive growth for local investors;

Benets
Ø Early Mover Distributorship Advantage
Ø Minimum of 5% Distributorship Right
Ø Good Discounted Price
Ø Minimum 0f 30% ROI

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Holdings Ltd

Pre-Sales Offer Valuation

One Billion Naira (1,000,000,000).
Representing 3,000MT of Whole Rice
3 months of Operation Order.

The Unique Value

Propositions;
Whole Rice: 3,000 MT
Ø Present Market Valuation; 3,000*₦410,000= ₦1,260,000,000.
Pre-Order Valuation; 3,000*₦360,000= ₦1,080,000,000
Discounted Marginal Differentiates: ₦180,000,000 (22%).

Subscription Implicit Gains

Minimum 5% Distribution Right
22% Pre-Sales Order Price Discount
Steady Supply of Harmony Rice Brand
Business Support Service e.g. Advertisements,
Loyalty Reward Scheme and Incentives.

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Investment Risks
Force Majeure

Risk Mitigants
Issuance of Insurance Bond

Advance Payment Guarantee (APG)

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Holdings Ltd

Global Projection:
Harmony Rice In 5 Years
3,000MT Daily Production Output In 5 years

Large Scale Commercial Cultivation of 50,000Ha of

Rice Farmland In 3 Years

Most Competitive Premium Rice Brand In Nigeria In

2 Years

Over 1Million MT Per Annum Production Capacity In 5

Years

Creation Shared Milling Facilities and Clusters Across

Kwara State.

Over 50 Billion Naira Annual Turnover in Five (5)Years

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Holdings Ltd

Conclusion
We are unlocking uncommon opportunities for local
Investors with quantum accrual benefits and profits
maximisation through this offer of Pre-Sale Order
participation.

The Distributors are poised to become implementing

partners in Harmony Holdings drive to explore Africa
Continental Free Trade Area (AfCFTA)

We are unveiling an array of Fast Moving Consumer Goods

(FMCG) with starting with premium quality ‘Harmony
Rice’. Your participation in this pre-sales order is a key to
unlock many opportunities on our table for you.

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THANK
YOU

HEAD OFFICE: Harmony Complex, Beside Stadium

Stadium Shopping Complex, Ibrahim Taiwo Road,
Ilorin,Kwara State.
For further Enquiries: 08036859393, 08165518343, 09157818425
www.hhl.com.ng