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PRIMEQUEST ENERGY PROFILE (Recovered)
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2016 Prime Quest Energy
SA i
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COMPANY PROFILE –
PRIME QUEST ENERGY SA – © 2016 1 1. EXECUTIVE SUMMARY Prime Quest Energy South Africa (Pty) Ltd (Prime), is an emerging enterprise operating in the energy savings space – more particular the savings driven by lighting solutions, in homes, business and industrial facilities. The anchoring of the business is a Value Added Partnership (VAP) relationship with Philips Lighting – the global lighting and technology leader. Philips is the largest and most innovative lighting business in the world by market capital and market share. It is also the most innovative in the realm of lighting technology. Prime has been through a stringent accreditation and assessment process to qualify as a suitable VAP for Philips to engage into a meaningful and long-term relationship. Prime is a Level 1 BEE Contributor. In addition, Prime is owned and operated by entrepreneurs Ravi Naidoo and Mike Stringer, who are both experienced businessman and involved in various enterprises and are post-graduates holding amongst other qualifications MBAs in Business Leadership and Sustainability from the University of Cumbria in the UK. Prime has positioned itself to access public sector opportunity where projects are in-line with the Presidential mandate to green the economy and reduce energy consumption and costs across all State Owned Enterprises (SOEs) and all governmental department and agencies. In addition, the industrial sector of the economy shows large potential for savings and compliance with the Occupational Health and Safety Act 85 of 1993 (OSHA). All our solutions are designed against the standards and prescriptions of the OSHA. Compliance is a core part of our culture at Prime. The Hospital Sector (Public and Private) is also a focus area for Prime – with historic experience in healthcare and the healthcare environment from both of its founders. Municipalities are a further focus area within government-agencies as they largely own the streetlight networks in our towns and cities as well as large legacy-building infrastructure. This is non-revenue generating expenditure and can be drastically reduced. The marketing objectives for Prime is to plant our value proposition within the customers who make up these sectors and convince them of the value and benefit to themselves as end-users from improved efficient lighting as well as cost reduction in operational expenditure, whilst also being responsible energy-savvy corporate citizens. In addition to dealing with installations in existing buildings, Prime is also present in the area of new electrification and new buildings as South Africa increases infrastructure-spend. The Prime offering is hugely empowered by the backing of the Philips Lighting global business with its industry-leading technology, support and product warranties– coupled with Prime adding
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COMPANY PROFILE –
PRIME QUEST ENERGY SA – © 2016 2 the lighting experience and customer relationship management. This is a good forging to establishing sustainable customer engagements. This is a win-win relationship for Philips and Prime in our partnership to provide the best product, service and support to our client. 2. THE COMPANY – PRIME QUEST ENERGY 2.1 BACKGROUND The company was founded by Ravi Naidoo and Mike Stringer in 2014. Both Directors are actively involved in the strategic leadership and management of the business. This brings a high-level of expertise and experience into the operational aspects of the business. Quality and Systems Implementation is key to growth and sustainability at Prime. The business has a national footprint with infrastructure in Gauteng, KwaZulu Natal and Western Cape Provinces. 2.1.1 Our Objectives The objectives of Prime are to deliver energy efficient solutions to the market in the form of LED lighting systems that reduce heat, costs and ultimately bring down electricity bills on the lighting components by up to 70%. The objective is to do this by creating jobs, creating a Community Social Investment (CSI) plan that provides solar electricity solutions to kids in rural areas from a portion of profits and make a difference as a corporate citizen and as passionate South Africans. 2.1.2 Our Vision To be a leading change-agent in the reduction of Energy costs for our customers, by providing customisable solutions using the best products in the world. We strive to achieve this along with benchmark setting service levels and peace-of-mind warranties.
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COMPANY PROFILE –
PRIME QUEST ENERGY SA – © 2016 3 2.1.3 Our Mission Prime Quest Energy provides LED lighting solutions from the global technology leader – Philips Lighting, to assist our customers increase energy savings and become environmentally sensitive. We customise solutions to balance customer-centric objectives and underpin our offerings with certainty via best in industry warranties. We insist on making the process accessible and value- adding to our clients – leaving them with superior lit environments. 2.1.4 Core Values Our Business. Our Passion. Our World. Your Savings. 2.1.5 Competitive Advantage Value Proposition Our Value Proposition is to Save Customers Money, whilst encouraging energy usage reduction in a manner that facilitates ease of implementation and finance. In addition, we ensure more efficient productive and aesthetically appealing work, social and recreational environments with the highest quality lighting products from the World Number 1 lighting company – Philips. We constantly benchmark ourselves against the Value-Proposition Matrix below. FIGURE 1. VALUE PROPOSITION MATRIX 2.1.6 Unique Selling Point / Distinctiveness Our USP is the ability to back the sales and marketing pitch with real warranties and guarantees that ensure predictable peace of mind in the event of product performance defect. This is supported by the brand equity of the largest industry player, with specified burning hours in our warranty and time (3 to 5 years generally). Industry leading warranties ensures peace-of-mind for our customers and increased reliability in our solutions. This affords us customer-satisfaction levels that are hard to surpass. Prime is a Value Added Partner (VAP) to Philips and as such enjoys a protected relationship within this contract to offer design and technological support to our clients, as part of the holistic
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COMPANY PROFILE –
PRIME QUEST ENERGY SA – © 2016 4 solution. This is a unique service, concept and distribution channel in comparison to competitor approaches to market. This averts the expensive task of contracting specialist engineers and architects to perform these reviews. We are able to do this with the confidence of experts who have an in-depth understanding of lighting. 3. THE RATIONALE BEHIND LED AND ENERGY SAVINGS LED research and development has resulted in reliable and bankable technology that provides safe and predictable usage, whilst affording users cost-savings from Day 1. This makes for a sound logical proposition as to why businesses and public environments should make the change to the all-round more efficient technology. 3.1 SOCIO-CULTURAL The socio-cultural trend has been to be more aware and compliant in terms of savvy energy consumption. The cultural trend has been to reduce household and business monthly expenditure and electricity costs is a meaningful part of this as we face increased energy costs from state producer Eskom. We seek to harvest this trend and further stimulate the awareness and ease of access to implementation in industry. 3.2 TECHNOLOGICAL The product from Philips Lighting is technologically superior in its engineering and design and technology plays a large role in this sector. In addition, Prime adopts technology to reduce fixed overheads, create a modern and empowered team and to be a disruptive business in this sector.
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COMPANY PROFILE –
PRIME QUEST ENERGY SA – © 2016 5 Our approach is agile and focused, without needing to use multiple product vendors as Philips offers the most comprehensive lighting range in the world. 3.3 ENVIRONMENTAL FACTORS The increased prominence of environmental legislation, global pressure around planetary pollution and renewable energies has resulted in global trends towards carbon-credit monitoring and compliance. The industrial environment is becoming more accountable and more committed to impacting positively on the road ahead. The COP-22 carbon-tax and its imminent adherence by Multinational Companies and signatory nations, is further incentive for industrial players to move to greener solutions at all levels of their operations. South Africa ranks highly on the global per capita carbon emissions radar. (See Figure 3) Figure 2. global COST OF ENERGY
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COMPANY PROFILE –
PRIME QUEST ENERGY SA – © 2016 6 FIGURE 3. GLOBAL CARBON EMISSIONS 3.4 PUBLIC POLICY AND LEGISLATION The previous ESKOM and Energy-Savings incentives by the Department of Energy (DoE), has been replaced with a tax-credit offering from the South African Revenue Services (SARS). SARS - in terms of Section 12 (c), (i) and (l) offer rebates based on the kilowatt-hours (kWh) saved in a calendar year, as a result of investment into more efficient energy solutions. This includes lighting and Prime is able to offer this statutory benefit as a turnkey solution via our SANAS Accredited Measurement and Verification (M & V) process. This rewards businesses who invest in capital expenditure that relieves the pressure on the national grid. This also applies to our Solar product range. We are supporters of this approach. In addition, the OSH Act places specific LUX Level requirements on office and industry to comply with. Non-Compliance with these stipulations can result in expensive law suites and escalation in vocational injuries. Compliance to the Act is compulsory and a key part of good corporate and social governance Poor lighting has prejudicial impact for workforce-wellbeing. 4. OUR PRODUCTS AND SERVICES Products - The Prime Product Range is extensive and extends across the Philips range of Lighting Solutions. The key sectors are listed visually below for ease of reference. A full Product Detail will be supplied on request for your relevant sector from one of our Consultants.
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COMPANY PROFILE –
PRIME QUEST ENERGY SA – © 2016 7 Services – • Value-Add Lighting Audits at no cost to our Customer. Light Design and Engineering Team • Measurement & Verification (M&V) in terms of Section 12 of the Income Tax Act for SARS Tax rebate fulfilment. Our turnkey solution for this is SANAS accredited, which is a legal requirement for the incentive Key Sectors: Office & Industry Warehouses Healthcare
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COMPANY PROFILE –
PRIME QUEST ENERGY SA – © 2016 8 Airports Hospitality & Retail Manufacturing Parking garages
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COMPANY PROFILE –
PRIME QUEST ENERGY SA – © 2016 9 Streetlighting Public Lighting 5. FINDING A CUSTOMISED SOLUTION FOR YOU – OUR CUSTOMER We thank you for the opportunity to introduce ourselves and for perusing of our Company Profile. We are eager to showcase our Products, Technology and Advantages. We are confident we are vendors of the most advanced LED lighting solutions in the World and will be very glad to illustrate this in your environment.
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COMPANY PROFILE –
PRIME QUEST ENERGY SA – © 2016 10 Our process of engagement with our Customer is streamline and efficient – making the solution as accessible and as affordable to you. We offer a free initial consultation and once we have an understanding of the solution required, our team will conduct a lighting audit at no cost to our Customer. Our Process Flow Diagram below summarises the way forward. FIGURE 4. PROCESS FLOW DIAGRAM 6. OUR COLLECTIVE LEADERSHIPTEAM We have a diverse skillset at Prime and this facilitates cross-pollination of strategies, networks and professionalism at all levels of the business. Corporate Governance and Ethical Business Practice are foundational principles of the business culture at Prime. This is key to our relationship with Philips Lighting, a major Multinational Company, as well as our relationships with our Customers. We are supporters of responsible and accountable South African corporate citizenry.
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COMPANY PROFILE –
PRIME QUEST ENERGY SA – © 2016 11 Ravi Naidoo– CEO (Johannesburg based) Qualifications: Bachelor of Social Science – University of Cape Town Bachelor of Laws – University of Natal Masters of Business Administration (Leadership & Sustainability) – University of Cumbria, UK Leadership Programmes: Fellow of The Institute of Directors of Southern Africa JP Morgan Green Business Leadership Programme (Gordon Institute of Business Science) Mike Stringer – CEO (Cape Town based) Qualifications: Certificate in Chemical Engineering –Cape Town Masters of Business Administration (Leadership & Sustainability) – University of Cumbria, UK Leadership Programmes: Executive Development Programme (University of Cape Town) Executive Leadership Programme (Harvard Business School, USA) Fellow of The Institute of Directors of Southern Africa Member of the Cape Chamber of Commerce. Renske Snyman – Projects Executive (Cape Town based) Qualifications: Bachelor of Commerce – University of South Africa Master of Science – University of Johannesburg (RAU) Master of Business Administration – University of Stellenbosch Doctor of Philosophy (Ph.D.) – University of Pretoria
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COMPANY PROFILE –
PRIME QUEST ENERGY SA – © 2016 12 Rajan Moodley – Business Development (Johannesburg based) Qualifications: Bachelor of Accounting – University of Natal Leadership Programmes: Investment Banking Programme – Standard Bank JP Morgan Business Development Programme (Gordon Institute of Business Science) Professional Bodies & Affiliations: 7. CORPORATE IDENTITY • REGISTERED ENTITY - PRIME QUEST ENERGY SOUTH AFRICA (Pty) Ltd • COMPANY REG # - 2014 / 282387 / 07 • VAT #- 4050271206 • B-BBEE RATING LEVEL - 1 • WEBSITE – www.primeenergy.co.za • REGISTERED ADDRESS - 29 GOLF ROAD, SYBRAND PARK, RONDEBOSCH, 7800
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COMPANY PROFILE –
PRIME QUEST ENERGY SA – © 2016 13 8. HOW TO FIND US CONTACT DETAILS - Office - Executive Assistant (Michelee Roos) Phone: +27 21 696 8482 Fax: +27 21 697 1111Email: michelee@primequest.co.za Directors– Ravi Naidoo (Jhb): 082 823 0271 Phone: +27 21 696 8482 Fax: +27 86 657 0346Email: ravi@primequest.co.za Mike Stringer (Cpt): 082 650 3221 Phone: +27 21 696 8482 Fax: +27 21 697 1111Email: mike@primequest.co.za
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COMPANY PROFILE –
PRIME QUEST ENERGY SA – © 2016 14 PHYSICAL ADDRESSES– GAUTENG– 2nd Floor, The Business Centre, Design Quarter Precinct, Leslie Road, Fourways, GP, 2196 KWAZULU-NATAL 1 Classic Business Park, 631 Columbine Place, KZN, 4051 WESTERN CAPE – 29 Golf Course Road, Sybrand Park, Rondebosch, WC, 7800
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