Tinsel cargo and Oil Company Profile
Mission statement
"To be the most competitive, efficient, reliable and personalized supplier of petroleum products, that satisfy our customers while maximizing on returns to shareholders and employees. "
Way Forward
Tinsel cargo and Oil intends to develop herself as a fully integrated oil company commanding optimum control over the pricing of the "whole barrel’ of oil from sourcing and transportation through to the importation, distribution and wholesale of the product in Kenya.
The company’s ultimate objective is to be a total energy solutions provider in the country.
Tinsel cargo and Oil is a privately owned company incorporated under the Companies Act Cap.486 of the laws of Kenya. The Company is licensed to procure and market petroleum products in the domestic Kenyan market as well as for export to the neighbouring Great Lakes region in Africa.
The full range of petroleum products are marketed by the Company, these include PMS, RMS, DPK, AGO, IDO, Fuel oil and Bitumen.
Tinsel cargo and Oil commenced her operations in March 2002 and became a signatory to the Kenya Petroleum refinery ltd Agreement in May 2002. She processed her first batch of crude oil in June 2002 and at the same time became a signatory to the KPC Transport & Storage agreement enabling it to lift products directly through the KPC system.
Tinsel cargo and Oil had until recently (July 2009) spread its wings to market its products in most of the countries in the region i.e. Sudan, Tanzania, Uganda, Rwanda, Burundi and the Democratic Republic of Congo, DRC. However, at a recent Company AGM the Shareholders of the Company resolved to remove the export business from its Kenyan operation leaving the latter to focus on the Kenyan Market Sales and provision of transit handling services to its parent company,.
Company Objectives
Tinsel cargo and Oil objectives are to engage in an efficient, responsible and profitable business whose vision is to become a key player in the Kenyan Energy Sector providing total energy solutions. The Company’s strategy is to operate professionally with the aim of achieving the following:
• To develop and maintain a high standard of service to the Company’s customers as well as to ensure supply and delivery of quality products while supplying value for money. To continuously improve efficiency and productivity
• To generate and maintain a sustainable cash flow from the operations and post acceptable and consistent returns on investment (ROI) for the shareholders so as to achieve investor confidence.
• To ensure that overheads are contained and a low cost base maintained without compromising the quality of services to the Company’s customers.
• To encourage innovation and creativity by all employee’s.
• To conduct business as a responsible corporate member of the society, abiding by the laws and regulations of the country.
The company’s ultimate objective is to be a total energy solutions provider in the country.
Key Achievements to date
1. Since inception in March 2002, the Company witnessed impressive steady growth establishing offices throughout the entire East African region and employing over 70 personnel. The company’s average monthly sales volumes has been 10 million litres (a turn over of approximately USD 8 million/month). With the new focus on the Kenyan Market only, the Company is looking at growing its current Local Volumes standing at 2.5 million litres a month to 4 million litres a month in a span of one year. This will be supported by approximately 30 members of staff.
2. Tinsel cargo and Oil has been honored with the recognition as a Distinguished Tax Payer by the Kenya Revenue Authority.
3. The company has in its relatively short span of operation streamlined all its operations and aligned them to international operational standards. The same have undergone an audit by the ISO 9000 certifying body and the company awarded the prestigious ISO 9001:2008 Certification
4. Tinsel cargo and Oil in a study conducted by KPMG in 2008, was recognized as one of the Top 100 fastest growing mid-sized companies in Kenya. Ranked No. 20, Tinsel cargo and Oil was awarded with a trophy and a certificate.
5. To enhance the efficiency of her services, the Company from the onset invested in a state-of-the-art computing technology. The entire business operations, from Supply, Planning and Operations, Human Resources, Sales and marketing to Finance are completely mapped out and co-ordinated using Operational Manuals and master budgets that conform to International standards. As mentioned earlier, the Company is ISO 9001:2008 certified.
Growth in Sales and Volumes
Customer Base
The company enjoys a wide customer base and supplies various Commercial enterprises ranging from the Manufacturing sectors, Agricultural sector, the Hospitality sector etc as well as government institutions including the Ministry of Defence, AFCO, Ministry of Works etc. Some of our main clients being:
Thermal Power Generation
• Aggreko International
P.O Box 17576
Jebel Ali, Dubai, UAE
Tinsel cargo and Oil Supplied 2800M3 per month to Rwanda for the 15MW power generating Plant, on a three year contract from 2005.
Government Strategic Reserves
• Crown Agents for Overseas Government and Administration
St. Nicholas House, Nicholas Rd, Sutton
Surrey, SM 11EL
United Kingdom
Tinsel cargo and Oil Supplied 4000M3 PMS and AGO in 2006
Tinsel cargo and Oil Supplied 8000M3 PMS and AGO in 2007
World Food Program
• WFP Juba
Southern Sudan
Tinsel cargo and Oil Supplied 4000M3 of JET and AGO in 2009 and won the contract to supply 2010 requirements.
• USAID Sudan
• Tinsel cargo and Oil Supplied their requirements of 120M3 drummed product of both AGO and JET
DRC Engen
• ENGEN DRC
14/16 Avenue du port/Gombe
BP 2799 Kinshasa
Rep Democratic Du Congo
Tinsel cargo and Oil Supplied 4500M3 of JET AGO and PMS in 2009
Government of Zambia
• Ministry of Energy and Water Development
P.o Box 36079
Lusaka, 10101, Zambia
Tinsel cargo and Oil is supplying 7000M3 of Diesel monthly on a one year contract.
• Ministry of Energy and Water Development
P.o Box 36079
Lusaka, 10101, Zambia
•
Tinsel cargo and Oil supplied Emergency stocks from the month of October 2009 of 40000M3 of AGO and PMS during the refinery shutdown.
Source of Supply
Tinsel cargo and Oil sources the material that it sells through direct imports of crude oil which are processed at the Mombasa refinery (KPRL)
The company also participates in the local Industry Tender system and private imports of refined product.
As far as storage of the product is concerned, the company has entered into various Storage and Throughput Agreements with the Kenya Pipeline Company, Kenya Shell, Total Kenya, and NOCK. Through these agreements the company is able to access sufficient product storage and handling capacity to meet its requirement both within the country and to satisfy its logistical support of its parent company to transit products to other affiliates within the East and Central Africa Region.
Human Resource and Services
Tinsel cargo and Oil comprises five divisions namely;
1. Supply Planning and Operations
2. Sales and Marketing
3. Finance and Administration
4. Information Systems
5. Corporate Affairs and HR
The company has a qualified, dynamic and experienced workforce that enjoys immense support from its parent company.
In total, The Company presently employs 30 staff members.
Tinsel cargo and Oil recognizes that a crucial element towards achieving the Company’s objectives is a satisfied and highly motivated workforce. It is as a result of this that the Company is committed to maintaining a lean & flat organization structure aimed at creating an enabling environment that fosters professionalism, personal development, commitment to duty and a keen sense of responsibility amongst the entire workforce.
Oil suppliers in Kenya Company Profile
Mission statement
"To be the most competitive, efficient, reliable and personalized supplier of petroleum products, that satisfy our customers while maximizing on returns to shareholders and employees. "
Way Forward
Tinsel cargo and Oil intends to develop herself as a fully integrated oil company commanding optimum control over the pricing of the "whole barrel’ of oil from sourcing and transportation through to the importation, distribution and wholesale of the product in Kenya.
The company’s ultimate objective is to be a total energy solutions provider in the country.
Tinsel cargo and Oil is a privately owned company incorporated under the Companies Act Cap.486 of the laws of Kenya. The Company is licensed to procure and market petroleum products in the domestic Kenyan market as well as for export to the neighbouring Great Lakes region in Africa.
The full range of petroleum products are marketed by the Company, these include PMS, RMS, DPK, AGO, IDO, Fuel oil and Bitumen.
Tinsel cargo and Oil commenced her operations in March 2002 and became a signatory to the Kenya Petroleum refinery ltd Agreement in May 2002. She processed her first batch of crude oil in June 2002 and at the same time became a signatory to the KPC Transport & Storage agreement enabling it to lift products directly through the KPC system.
Tinsel cargo and Oil had until recently (July 2009) spread its wings to market its products in most of the countries in the region i.e. Sudan, Tanzania, Uganda, Rwanda, Burundi and the Democratic Republic of Congo, DRC. However, at a recent Company AGM the Shareholders of the Company resolved to remove the export business from its Kenyan operation leaving the latter to focus on the Kenyan Market Sales and provision of transit handling services to its parent company,.
Company Objectives
Tinsel cargo and Oil objectives are to engage in an efficient, responsible and profitable business whose vision is to become a key player in the Kenyan Energy Sector providing total energy solutions. The Company’s strategy is to operate professionally with the aim of achieving the following:
• To develop and maintain a high standard of service to the Company’s customers as well as to ensure supply and delivery of quality products while supplying value for money. To continuously improve efficiency and productivity
• To generate and maintain a sustainable cash flow from the operations and post acceptable and consistent returns on investment (ROI) for the shareholders so as to achieve investor confidence.
• To ensure that overheads are contained and a low cost base maintained without compromising the quality of services to the Company’s customers.
• To encourage innovation and creativity by all employee’s.
• To conduct business as a responsible corporate member of the society, abiding by the laws and regulations of the country.
The company’s ultimate objective is to be a total energy solutions provider in the country.
Key Achievements to date
6. Since inception in March 2002, the Company witnessed impressive steady growth establishing offices throughout the entire East African region and employing over 70 personnel. The company’s average monthly sales volumes has been 10 million litres (a turn over of approximately USD 8 million/month). With the new focus on the Kenyan Market only, the Company is looking at growing its current Local Volumes standing at 2.5 million litres a month to 4 million litres a month in a span of one year. This will be supported by approximately 30 members of staff.
7. Tinsel cargo and Oil has been honored with the recognition as a Distinguished Tax Payer by the Kenya Revenue Authority.
8. The company has in its relatively short span of operation streamlined all its operations and aligned them to international operational standards. The same have undergone an audit by the ISO 9000 certifying body and the company awarded the prestigious ISO 9001:2008 Certification
9. Tinsel cargo and Oil in a study conducted by KPMG in 2008, was recognized as one of the Top 100 fastest growing mid-sized companies in Kenya. Ranked No. 20, Tinsel cargo and Oil was awarded with a trophy and a certificate.
10. To enhance the efficiency of her services, the Company from the onset invested in a state-of-the-art computing technology. The entire business operations, from Supply, Planning and Operations, Human Resources, Sales and marketing to Finance are completely mapped out and co-ordinated using Operational Manuals and master budgets that conform to International standards. As mentioned earlier, the Company is ISO 9001:2008 certified.
Growth in Sales and Volumes
Customer Base
The company enjoys a wide customer base and supplies various Commercial enterprises ranging from the Manufacturing sectors, Agricultural sector, the Hospitality sector etc as well as government institutions including the Ministry of Defence, AFCO, Ministry of Works etc. Some of our main clients being:
Thermal Power Generation
• Aggreko International
P.O Box 17576
Jebel Ali, Dubai, UAE
Tinsel cargo and Oil Supplied 2800M3 per month to Rwanda for the 15MW power generating Plant, on a three year contract from 2005.
Government Strategic Reserves
• Crown Agents for Overseas Government and Administration
St. Nicholas House, Nicholas Rd, Sutton
Surrey, SM 11EL
United Kingdom
Tinsel cargo and Oil Supplied 4000M3 PMS and AGO in 2006
Tinsel cargo and Oil Supplied 8000M3 PMS and AGO in 2007
World Food Program
• WFP Juba
Southern Sudan
Tinsel cargo and Oil Supplied 4000M3 of JET and AGO in 2009 and won the contract to supply 2010 requirements.
• USAID Sudan
• Tinsel cargo and Oil Supplied their requirements of 120M3 drummed product of both AGO and JET
DRC Engen
• ENGEN DRC
14/16 Avenue du port/Gombe
BP 2799 Kinshasa
Rep Democratic Du Congo
Tinsel cargo and Oil Supplied 4500M3 of JET AGO and PMS in 2009
Government of Zambia
• Ministry of Energy and Water Development
P.o Box 36079
Lusaka, 10101, Zambia
Tinsel cargo and Oil is supplying 7000M3 of Diesel monthly on a one year contract.
• Ministry of Energy and Water Development
P.o Box 36079
Lusaka, 10101, Zambia
•
Tinsel cargo and Oil supplied Emergency stocks from the month of October 2009 of 40000M3 of AGO and PMS during the refinery shutdown.
Source of Supply
Tinsel cargo and Oil sources the material that it sells through direct imports of crude oil which are processed at the Mombasa refinery (KPRL)
The company also participates in the local Industry Tender system and private imports of refined product.
As far as storage of the product is concerned, the company has entered into various Storage and Throughput Agreements with the Kenya Pipeline Company, Kenya Shell, Total Kenya, and NOCK. Through these agreements the company is able to access sufficient product storage and handling capacity to meet its requirement both within the country and to satisfy its logistical support of its parent company to transit products to other affiliates within the East and Central Africa Region.
Human Resource and Services
Tinsel cargo and Oil comprises five divisions namely;
1. Supply Planning and Operations
2. Sales and Marketing
3. Finance and Administration
4. Information Systems
5. Corporate Affairs and HR
The company has a qualified, dynamic and experienced workforce that enjoys immense support from its parent company.
In total, The Company presently employs 30 staff members.
Tinsel cargo and Oil recognizes that a crucial element towards achieving the Company’s objectives is a satisfied and highly motivated workforce. It is as a result of this that the Company is committed to maintaining a lean & flat organization structure aimed at creating an enabling environment that fosters professionalism, personal development, commitment to duty and a keen sense of responsibility amongst the entire workforce.
Contact
TINSEL CARGO & OIL COMPANY
COMMERCE HOUSE
3RD FLOOR, SUITE 311,
MOI AVENUE, NAIROBI.
P.O. BOX 79456-00200 NAIROBI, KENYA
TELE FAX: +254-20-2229781,
Cellphone: +254-722-761587,
+254-734-939308
Website: www.tinselcargo.com
EMAIL: [email protected]
