What is the vision of your organisation?
The mission of Courtevile Business Solutions Plc is to become a business solutions development company that is driven by the passion to touch the life of every citizen of the world. It is all about the provision of business solution products and services that can consistently meet both customer and consumer requirements with the use of automated processes.
This is company has been operating in strict compliance with all applicable regulatory and satisfactory requirements at both domestic and international levels.
Furthermore, the company has the mission to deepen business relationships and to optimise stakeholder’s values, while believing at the same time that the relationship with each set of stakeholders is unique and all should be mutual, satisfactory and optimal, including client, shareholders, the government, staff, and the community and alliance partners.
We are also committed to periodic review and continual improvement of the company’s quality management systems in order to achieve maximum resource utilisation and profitability.
In what way would you say your company’s operations and activities have boosted economy growth and development in the country and beyond?
There is no doubt that you are aware of how almost impossible it was in the not too distant past to conduct the simple business of seamlessly documenting properly, the millions of vehicles that come into the country, that challenge have been totally eliminated with the coming of AutoReg.
That is just a single example. In the same vein, what Courteville Business Solutions Plc as a company is doing has also enabled governments at all levels to get all the income due to them as far as registration and documentation of vehicles are concerned. The revenues of most state governments that have embraced the scheme have shot up in that aspect.
Moreso; touting, counterfeiting and other challenges that accompanied these processes have all disappeared, and have also been eliminated from the process. Car snatching from the statistics we are receiving have also declined considerably, because these days it’s almost impossible to successfully steal a car and move due to the various technologies in place. The company has contributed to the socio economic development and stability in the country’s economy.
Presently, the company has over 7 million records in its data base, and these data which are usually made available to agencies of government for development purposes when there is the need to do so, have assisted in the areas of security and policing.
Very soon with the technology and projects that the company is working on, vehicles snatching will soon become history in Nigeria and on the continent, due to the technology that the company is deploying. As I said before, the revenue of some state governments and private sector operators have risen and we have successfully eliminated all forms of manual documentation of vehicles in the country.
Again, due to the computerisation of the company’s processes, all income due to the government in the sector where we operate have been successfully delivered. The company has been able to provide road users with better services that have contributed in no small measure towards bringing about sanity on our road.
As a publicly quoted company, how is its share doing in the capital market?
Courteville Business Solution Plc about three weeks ago announced a turnover of N855m for the financial year which ended December 31, 2011.That announcement from the company represents an increase by 36.2 per cent when compared with N627.8m recorded within in the same period of 2010. Also, the company’s profit after tax has rose by 36 per cent in the year under review, from N179.4m in 2010 to N245.4m in 2011, while gross profit increased to N364.1m in 2011, from N238.7m in 2010.
Recently when I addressed shareholders of the company during the company’s presentation of facts behind the figures at the Nigerian Stock Exchange, I said shareholders will receive five kobo dividend per share for the 2011 financial year, an increase by 11.1 per cent from 4.5 kobo dividend per share in 2010.
What this means is that we are the only company that has consistently paid dividends to our shareholders for the last couple of years. So our share and other stakeholders while we continually thank them for their support are also aware that the company is not only meeting their expectations, but also on the path of sustainable progress.
How do you think your eyeing opportunities for growth and expansion in and around economies in Africa will impact on the Nigerian economy?
We are already in Sierra Leone and a few countries in the continent. And we are set to extend operations to more African countries in the next 18 months as we continue to consolidate our Nigerian engagement. At the recent interactive session with capital market stakeholders at the Nigerian Stock Exchange, I reiterated the commitment of the company to expand its operations beyond Nigeria and Sierra Leone. Already, the firm has become a household name in Nigeria where it has operations in more than 18 states, where Courteville’s Autoreg has been accepted as a form of motor vehicle documentation and administration.
Meanwhile, it is also important to mention that under the AutoReg franchise, through which Courteville provides services for vehicle licensing, hackney permit, road worthiness certification and vehicle test, among other services, many more services have developed, which have made agencies and organisations to come to us for advice on how to go about documentation and registration. We intend to take all these innovations and developments to the economies in and around Africa.
Those objectives will not only have a positive impact on the Nigerian economy, it will also positively affect the economies of those countries where those business solution models are taken to in the immediate and long term.
Very soon, Nigeria will start exporting technology and business solutions to other nations in the world, because that is the resource that we as a nation have that can never run dry like other natural resources. An example is India, which today exports technology to other countries in the world.
What does your firm have with the National Agency for Drugs Administration and Control (NAFDAC)?
Courteville is partnering with NAFDAC in order to ensure easy registration processes for all NAFDAC- regulated products. This partnership will facilitate the remote verification and authentication of information on all NAFDAC approved products in Nigeria, as NAFDAC would be able to provide its services for the seamless registration of products, just like Courteville has successfully done with vehicles registration.
The Courteville’s solution for NAFDAC came in three modules; the first front-end module would allow the clients of NAFDAC to do their registration on-line.
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