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SAMSONITE MARBLE & GRANITE

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End-to-end stone services from consultation to installation with precision and artistry

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Comprehensive Stone Solutions

Samsonite Marble & Granite Company provides end-to-end stone services from initial consultation to final installation. Our expertise covers an array of stone applications with emphasis on accurate templating, precision fabrication and professional site installations.

Our workshop uses modern CNC cutting and polishing equipment combined with skilled hand-finishing to ensure each project meets the highest standards.

Importation & Sales

Importation and sales of marble, granite, quartz, and engineered stones from reliable international partners.

  • Premium quality materials
  • Competitive pricing
  • Wide variety of options

Fabrication & Customization

Fabrication and customization of counter-tops, tiles, stairs, wall panels, and bespoke stone furniture.

  • Precision cutting
  • Custom designs
  • Expert craftsmanship

Church & Altar Works

Expertly crafted Bishop thrones, conductor stands, altar tables, pulpits, and baptismal fronts.

  • Sacred design expertise
  • Durable materials
  • Traditional & modern styles

Kitchen & Bar Tops

Design and installation of elegant kitchen countertops and bar counters made from premium marble and granite.

  • Heat & stain resistant
  • Easy maintenance
  • Custom sizing

Memorials & Tombstones

Beautifully carved tombstones and memorials designed to reflect respect and remembrance.

  • Personalized designs
  • Weather-resistant materials
  • Expert engraving

Flooring & Terrazzo

Expert terrazzo, palladiana and granite flooring with unmatched smoothness and shine for various spaces.

  • Durable & long-lasting
  • Slip-resistant options
  • Custom patterns & colors

Marketing & Operations Plan

Marketing Strategy

Samosnite's marketing efforts will focus on strategic visibility, partnerships, and customer engagement through:

  • • Professional exhibitions and real estate expos
  • • Direct marketing to construction firms and developers
  • • Targeted social media and online campaigns
  • • Referral incentives for architects and interior designers
  • • Premium branding and showroom aesthetics
  • • Innovated website (Under construction)
  • • Other social media handles

Operations Management

Each outlet will be managed by an experienced branch manager supported by:

  • • Operations and fabrication supervisor
  • • Sales representatives and client service officers
  • • Skilled artisans and installation teams
  • • Administrative and logistics staff

Central coordination will remain at the Port Harcourt head office, ensuring consistency in quality control and financial management.

Financial Analysis

Loan Request & Utilization

Loan Details

  • Loan Amount: USD 135,000
  • Interest Rate: 3% per annum
  • Loan Tenure: 3 years
  • Moratorium: 1 year
  • Repayment Period: 2 years

Funds Utilization

  • Outlet Renovation & Expansion: USD 35,000
  • Machinery & Equipment: USD 30,000
  • Inventory & Raw Materials: USD 25,000
  • Vehicles & Logistics: USD 20,000
  • Digital Marketing & Branding: USD 10,000
  • Working Capital Reserve: USD 10,000
  • Total: USD 135,000

Financial Projections

The expansion will increase visibility and sales capacity, driving a projected 55–65% growth in annual revenue within two years.

Revenue Projections (USD)

  • Year 0 (Before Loan): 210,000
  • Year 1: 320,000
  • Year 2: 415,000
  • Year 3: 460,000

Key Financial Strengths

  • • Proven profitability across all outlets
  • • Solid cash flow and repayment capacity
  • • Attractive return on investment (above 40%)
  • • Positive cumulative cash balance post-expansion

Break-even Analysis

Fixed Costs: USD 72,000
Variable Cost Ratio: 60% of sales
Contribution Margin: 40%
Break-even Sales: USD 180,000 per annum
Projected to break even within first 6 months

Detailed Financial Projections

Repayment Schedule (USD)

Year Interest Principal Total Payment
1 4,050 - 4,050
2 4,050 67,500 71,550
3 2,025 67,500 69,525
Total 10,125 135,000 145,125

Financial Ratios

Ratio Year 2 Year 3
Net Profit Margin 12.9% 14.4%
Return on Investment 39.7% 49.1%
Current Ratio 1.7 2.1
Debt Service Coverage Ratio 0.54 0.74
Interest Coverage 23x 83x

Risk Analysis & Mitigation

Market Fluctuations

Variations in construction demand

Mitigation Strategy

Diversify client base and expand B2C retail sales

Exchange Rate Volatility

Imported materials cost risk

Mitigation Strategy

Negotiate long-term supplier contracts

Operational Delays

Possible setup or logistics issues

Mitigation Strategy

Effective project management and local sourcing

Competition

Emerging local fabricators

Mitigation Strategy

Strengthen brand presence and quality differentiation

Conclusion & Loan Repayment Plan

Samosnite Marble & Granite Limited has demonstrated resilience, innovation, and consistent profitability for over a decade. The proposed expansion represents a strategically sound investment supported by clear market demand, strong management capacity, and a well-defined financial plan.

The N200 million (135,000 USD) investment will enable the company to achieve higher revenue growth, stronger brand positioning, and improved operational efficiency. Based on projected performance, the company anticipates a full loan repayment within three years post-moratorium, supported by stable cash flow from expanded operations.

This expansion will not only consolidate Samsonite's leadership in Nigeria's marble and granite market but also deliver sustainable returns to investors while contributing meaningfully to local economic development.

Thank you.

IDAHA SAMSON

(Managing Director/CEO)

Social & Economic Impact

Job Creation

Over 40 new direct jobs across three outlets

Local Sourcing

Encouragement of Nigerian marble suppliers and artisans

Skill Development

Training programs for technicians and installers

Community Development

CSR projects in host communities

Our Process

1

Consultation

We discuss your needs, preferences, and project requirements to understand your vision.

2

Material Selection

Choose from our wide range of premium marble, granite, and engineered stones.

3

Fabrication

Our skilled craftsmen precision-cut and finish your stone pieces with modern equipment.

4

Installation

Professional installation by our experienced team ensures perfect results every time.

Why Choose Samsonite?

16+ Years Experience

Over a decade and a half of expertise in marble and granite craftsmanship.

500+ Projects

Successful completion of residential, commercial, and sacred projects.

Quality Guarantee

We stand behind our work with a commitment to excellence and customer satisfaction.

Detailed Financial Analysis

Repayment Schedule

6.3.2 Years 2–3 (Principal + Interest)

Equal annual principal repayment of USD 67,500 for 2 years.

Year Opening Balance Interest (3%) Principal Repaid Total Payment Closing Balance
1 135,000 4,050 - 4,050 135,000
2 135,000 4,050 67,500 71,550 67,500
3 67,500 2,025 67,500 69,525 0
Total 10,125 135,000 145,125

Total Interest Payable: USD 10,125

Total Loan Obligation: USD 145,125

6.3.5 Projected Financial Performance

6.3.5.1 Revenue Projections by Branch (USD)

Branch Current Annual Revenue Post-Expansion Year 1 Year 2 Year 3
Head Office 80,000 120,000 145,000 160,000
Branch A 50,000 75,000 100,000 110,000
Branch B 45,000 70,000 90,000 100,000
Branch C 35,000 55,000 80,000 90,000
Total Revenue 210,000 320,000 415,000 460,000

The expansion will increase visibility and sales capacity, driving a projected 55–65% growth in annual revenue within two years.

6.3.5.2 Consolidated Income Statement (USD)

Category Year 0 (Before Loan) Year 1 Year 2 Year 3
Revenue 210,000 320,000 415,000 460,000
Cost of Goods Sold (COGS) 126,000 192,000 249,000 276,000
Gross Profit 84,000 128,000 166,000 184,000
Operating Expenses 50,000 72,000 88,000 92,000
EBITDA 34,000 56,000 78,000 92,000
Depreciation 4,000 6,000 8,000 8,000
EBIT 30,000 50,000 70,000 84,000
Loan Interest 0 4,050 3,038 1,013
Profit Before Tax (PBT) 30,000 45,950 66,962 82,987
Tax (20%) 6,000 9,190 13,392 16,597
Net Profit After Tax 24,000 36,760 53,570 66,390

6.4 Cash Flow Forecast (USD)

Item Year 1 Year 2 Year 3
Net Profit After Tax 36,760 53,570 66,390
Add: Depreciation 6,000 8,000 8,000
Less: Loan Repayments (4,050) (71,550) (69,525)
Net Cash Flow 38,710 (9,980) 4,865
Cumulative Cash Flow 38,710 28,730 33,595

Despite heavy repayment periods in Years 2–3, positive cumulative cash flow is maintained, ensuring loan serviceability.

6.6 Financial Ratios

Ratio Formula Year 2 Year 3 Interpretation
Net Profit Margin NP / Sales 12.9% 14.4% Strong profitability
Return on Investment NP / Total Investment 39.7% 49.1% Excellent ROI
Current Ratio Current Assets / Liabilities 1.7 2.1 Healthy liquidity
Debt Service Coverage Ratio (DSCR) CF / Debt Payment 0.54 0.74 Satisfactory & improving
Interest Coverage EBIT / Interest 23x 83x High coverage ability

6.7 Sensitivity Analysis

Scenario Change in Sales Profit Impact Loan Repayment Feasibility
Optimistic +25% +30% Easily serviceable
Moderate (Base Case) 0% 0% Comfortable
Pessimistic –15% –20% Still serviceable via cost adjustment

Even under a 15% sales decline, the company maintains sufficient margin to meet repayment obligations.

Financing Recommendation

The Marble Marketing and Installation Company demonstrates strong financial health, solid growth potential, and prudent management. The requested loan of USD 135,000 at 3% per annum will enable the company to expand its 4 branches, increase market coverage, and optimize operational efficiency.

Key Financial Strengths

  • • Proven profitability across all outlets
  • • Solid cash flow and repayment capacity
  • • Attractive return on investment (above 40%)
  • • Positive cumulative cash balance post-expansion

N.B: Approval of the loan request is strongly advised. The business model, supported by realistic projections and sound management, ensures repayment sustainability and measurable economic value creation.

Conclusion and Loan Repayment Plan

Samosnite Marble & Granite Limited has demonstrated resilience, innovation, and consistent profitability for over a decade. The proposed expansion represents a strategically sound investment supported by clear market demand, strong management capacity, and a well-defined financial plan.

The N200 million (135,000 USD) investment will enable the company to achieve higher revenue growth, stronger brand positioning, and improved operational efficiency. Based on projected performance, the company anticipates a full loan repayment within three years post-moratorium, supported by stable cash flow from expanded operations.

This expansion will not only consolidate Samsonite's leadership in Nigeria's marble and granite market but also deliver sustainable returns to investors while contributing meaningfully to local economic development.

Thank you.

IDAHA SAMSON

(Managing Director/CEO)

Ready to Transform Your Space?

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