EDROCK CORPORATE COMPANY PROFILE
2020
Contents:
About us
Overview
Board & Senior Management
Vision, Mission and Core Values
Introduction
Space Leasing/Office rental
Equipment Leasing
Insurance & Financial consultancy
Renewable Energy consultancy
Partners
Clients
Principal Place of Business
APA Arcade, Hurlingham
2nd Floor, Suite 14
P.O. Box 35722 – 00100
Nairobi, Kenya.
Bankers
- Eco Bank Limited
- NCBA Bank
Legal Advisors
Rachier & Amollo Advocates,
Advocates, Commissioners for Oaths and Notaries Public
Mayfair Centre, 5th Floor – Ralph Bunche/Argwings Kodhek Road
P O Box 55645 – 00200 Nairobi, Kenya
Tel: +254 20 2716012-6/+254 – 722 204 778/ +254 -733 616662
Email: lawtechs@rachieradvs.co.ke
Auditors
Tabitha Kinyoe
Managing Partner
Tel: +254 721 857 283
Email: tabitha@kinyoe.com | info@kinyoe.com
Related Companies
- Isken Communications Limited
- Nimken Entreprises Limited
- Cyfra Communications Limited
- Ol-danyat Power Limited
About US
Edrock Limited is the leading specialist adviser and provider of asset leasing, finance and Insurance consultancy and also in Solar energy sector. With over 30 years’ experience, we can arrange competitive asset leasing that is will take your business to the next level.
We have been working with our clients to support their wealth needs. By getting to know you and your business which is just one of the reasons many of our clients have trusted us for years.
Our clients should never have to choose between pursuing profit and investing responsibly. Between global insight and personalized service. Between technological efficiency and human understanding.
Our services are available for Small and Medium Size Enterprises (SME’s), Corporates and Government both County and Central Government. With an operating lease, the lessee is allowed to use an asset over a specific period of time in return for periodic payments based on a partial payout of the capital cost of the asset. It does not convey the right of ownership of the asset.
Board and Management
Our business is built on long-term, effective relationships based on trust and we care about our people because they genuinely care for our clients. We support, acknowledge and reward those who share our values of integrity, commitment and excellence, and not just within the work environment.
Colleagues are encouraged to get involved in supporting our chosen charities, each local to our six offices, and every member of the team is able to take a day’s paid leave every year for a voluntary activity that supports the community or chosen charity.
Board of Directors
Eddie Ouko – Chairman
Chairman of the board. He is the overall chief executive and is in charge of all the company strategy implementation and company operations. He has a vast interest in Financial management and Audit, Special Investment.
Consultancy and corporate governance. He has also profound interest in Finance and Audit
George Otieno – Vice President
Experienced Chief Executive Officer with a demonstrated history of working in the insurance industry with over 35 years of working with African Multilateral Financial Institutions (Africa Re & ATI) at Senior level. He is also skilled in Budgeting, Enterprise Risk Management, Property & Casualty Insurance, Reinsurance, Trade & Investment and Commercial Risks Insurance. A strong business development professional with an MBA focused on Strategic Management from the University of Lagos.
Joe Black – Chief Executive Officer
Mr Joe Black has vast wealth Experience in Insurance and Banking, has been a
consultant in leading insurance companies in Kenya and hands-on experience in
private sector management and resource mobilization. He has an International Business
Relations degree from Catholic University of East Africa and currently pursuing
Masters Studies in United States International University
Joe Black – Chief Financial Officer
Zia is a seasoned administrator with a wide range of experience spanning over 15 years. He has previously worked with Kenya Commercial Bank, Managing Director African Asset Securities Limited among others. He is currently pursuing a higher degree from Kampala International University – Nairobi. (Public Administration)
Billy Ouko – Finance and Administration
He is a certified accountant with wide knowledge in project financing, taxation and
auditing. He has worked in the insurance industry for 10 years. Currently working as
a project accountant with several power companies
Ms Joe Black – Human Resources Manager
Ms Joe Black is responsible for organizational development, recruitment and staffing, employment law, performance management, employee relations, and compensation and benefits. She provides management, leadership and direction to the HR staff – often an entire HR department – as well as outside consultants, such as recruitment specialists. Fulfilling the role of senior-level advisor to executives and employees regarding human resources trends and issues is another duty
Organization organogram
Vision
To be the largest and most dependable among all leasing companies in Africa and all over the world
Mission
Edrock leasing will strive to gain the trust of stakeholders by providing financial solutions that stand out from the rest in an ethical manner from a habitable environment that fosters teamwork hence creating value for our shareholders and exceeding customer expectations.
Core Values
Fairness:
Upholding integrity and competitive lease rates to ensure repeat business
Honesty:
Being upfront with customers at all times to build trust and loyalty
Flexibility:
Understanding the unique needs of each customer
Expertise:
The knowledge to provide expert guidance with confidence
Accountability:
Being responsible to those we serve
Innovation:
Leading the industry in product and service
Community:
Giving back to society to foster a culture of growth
Introduction
EDROCK LEASING COMPANY was formed in the year 2020. It mainly acquires its income from leasing its products and services to its clients. It has ventured into a variety of sectors.
The business (product and leasing) offers the following;
- Space Leasing/Office rental
- Equipment Leasing
- Insurance & Financial consultancy
- Renewable Energy consultancy
- Partners
- Clients
Vehicle Leasing
Assets are known to appreciate with time. However, vehicles depreciate hence leasing one being a less tedious way to get on the road. For many businesses, it is essential to have a reliable means of transport that is cost-effective as well.
Leasing fleet of vehicles from our company is the best solution to growing your business towards the next level. Our work is incorporation with one of the world’s leading car manufacturers with the aim of providing you with the best deals on a variety of brand-new locomotives, providing you with the chance to enjoy the comfort of new stylish vehicles thus doing away with the hard costly task of buying a new one.
With a team of experienced leasing experts, we provide you with aid in the procurement of the right vehicle hence being in line with your needs at the perfect customized lease financing solution. This solution will give our customers a chance to deploy rapidly, making it easier for them to gain tax incentives and fully make use of their cash flow to the fullest advantage of themselves and their businesses. We take care of your prized credit lines with your other financing partners through leasing and offer you tailored solutions that will suit your needs and budget requirements.
So how does it work? Leasing from us is as simple as deciding what vehicle you want, signing up to the easy monthly rentals, buying the vehicle and having it delivered to you.
The following brands can be leased
Toyota Mercedes
Honda Nissan
Equipment leasing
Computer IT Equipment Leasing
Technology equipment such as computers eventually become obsolete. However, by leasing, you avoid the financial burden of obsolescence to your business. By leasing IT equipment, you are able to access sophisticated technologies, that have predictable monthly expenses, keeping your equipment up-to-date and easier. On the other hand, companies and institutions can be able to keep up with their competitors without the stress of draining their financial resources.
With Edrock leasing you can access I.T equipment without access to the companies’ cash reserve making it more affordable and quality. From servers, powerful computers, telephone systems, printers, network devices, photocopiers and scanners; we offer our customers a variety of options to lease from our company any IT equipment product and by that enable you to secure rates and terms that will fit your business needs, budget requirements and time frames. Our IT equipment has flexible leasing options thus lets you accomplish more with less.
Computers and laptops include the following brands among many others;
Dell P.C and Laptops Mac P.C and Laptops
Hp P.C and Laptops Lenovo P.C and Laptops
Gym and Fitness equipment leasing
You might find it hard to upgrade an existing facility, or set up a brand-new gym facility and replacement of gym and fitness equipment. However, with Edrock gym leasing you are covered. We strive to offer flexible and affordable gym and fitness equipment leasing solutions that enable you to lease any fitness equipment you need without feeling the pinch.
Many organizations and businesses have turned to our gym equipment leasing solution and made it their preferred method of gaining equipment, for it is easy to manoeuvre and overcome many of the setbacks of outright ownership. By buying fitness equipment your capital is tied up and put away for good. In comparison, fitness equipment leasing from Edrock gives you the opportunity to pay for the asset over its relevant time frame meaning that one can make use of capital rather effectively and more efficiently. This is due to the fact that the acquiring gym and fitness equipment benefits are not derived from owning it but from utilizing it to its full potential.
Through our services, we will enable you to maximize your budget by that increasing efficiency throughout the life cycle of the equipment, thus giving you the authority to run a state of the art and a welcoming gym facility. Our goals and ambitions are being flexible in our services, providing tailor-made solutions by that attaining our clients’ needs.
Listed here are some of the fitness and gym equipment that are leased to our customers through one of our flexible lease options both light and heavyweights.
- Quadriceps table.
- Nautical wheels.
- Wall bar.
- Tummy Twister.
- Treadmills
- Chin Up / Dipping Bars
- Leg Press Machine.
- Lat Pull Down Machine.
- Tilting table.
- Rowing machine
- Suspension therapy unit.
- Barbells and Dumbbells.
- Hyper Extension, abdominal and preacher Benches.
- Seated and standing calf machine
Treadmill Barbells and Dumbbells
Tilting table Tummy twister
Office equipment and furniture leasing
Are you in need of office equipment and furniture? Edrock Leasing Company has got you covered.
As a developed leasing company, it is our knowledge that all if not many businesses need state-of-the-art furniture and office equipment in order to boost their employee’s morale in offering quality services, client hosting and lastly in vendors. This, in turn, upgrades existing facilities in return running their core business operations. In addition, it is our knowledge that the price when it comes to purchasing and maintaining state-of-the-art equipment can imply a huge and unexpected outlay of resources, thus the reason we’ve made office equipment and furniture equipment leasing a major part of our business.
Edrock leasing company aspires o become a leader in the asset leasing industry in Africa by that we strive our services to offering affordable Office equipment and furniture leasing solutions. This, in turn, gives you (our customer) a wide range of options to lease from our platforms a variety of office equipment or furniture and assist you towards maximizing your budget and increasing efficiency throughout the life cycle of the equipment.
While your business grows, the burden of expanding your office space or need to upgrading equipment associated with your services comes along. However, we offer you with favourable lease options for the following equipment:
- Printers and copiers.
- Desks and work stations.
- Fax machines.
- Office furniture and accessories.
- Telephones and video conferencing equipment
- Postage machines
- File cabinets, desks, cubicles & conference tables etc.
Our programs are financially crafted to aid your company to acquire the right office equipment and furniture with haste and by the easiest means possible. Do not allow financial issues to get between you and your business.
Printers Fax machine
Office Furniture Conference tables
Leasing of X-Ray Machine
The first thing that comes into one’s mind while going through or performing X-ray is the X-ray equipment. For the job to be performed neatly one should ensure that the equipment used is the best and has the most recent technology. leasing or purchasing the equipment are the options that one has in order to receive services of this machine. In addition, it is important to ensure that the company you are dealing with is legit and offers just what you need for an affordable fee.
In line with this device and from our expert opinion it will be proper to lease rather than buying this machine. A couple of benefits are included in leasing as compared to buying. To begin, the price of a good, high-quality X-ray machine may be quite high to many, which makes it less affordable for many of the small and medium hospitals and clinics. However, leasing from Edrock allows monthly instalments whereby one is not bombarded with a high figure thus giving our clients the opportunity of saving your capital, which can be put to other users within the facility or on other services.
This implies that through leasing, one can pay monthly expenses that are relatively low. Moreover, it is our knowledge that that X-ray machines get obsolete with time due to technology advancement, in turn, it may prove to become more costly to keep up with such changes. However, leasing is a simple way in which you can upgrade the equipment that you need.
X-ray machines (full body)
Insurance and Financial Consultancy
Through our local network of deeply experienced insurance partners, we engage with property and casualty (P&C), life insurance, and reinsurance carriers, industry associations, brokers, and other institutions to address issues on topics including strategy, organization, operations, technology, marketing, sales, and risk.
We focus on core operating capabilities and help clients take a long-term, through-cycle view of the evolving competitive and regulatory landscape.
Our expertise in P&C insurance encompasses claims management, where we work with clients to reduce costs through high-quality processes; underwriting, where we help commercial lines carriers improve their technical results; and operations and technology, supporting insurers with operating model review and redesign, outsourcing and offshoring, and infrastructure consolidation.
We help life insurers optimize capital and use value creation as a key metric; we provide insights on branding strategy, sales force performance improvement, and distribution; and we help clients assess the impact of regulatory change.
Examples of our work
Across Kenya, in Nairobi, we have served the majority of leading carriers. Recent engagements include:
- Working with Eco Bank regional insurer to transform its underperforming P&C business
- Supporting our Bank of Africa clients in the design of a core life insurance IT system
- Performing an underwriting file review to identify and address key drivers of pricing leakage in life insurance
- Structuring and positioning of organizational systems to support a P&C client’s ambitious growth plans in our partnering banks.
Renewable Energy Consultancy
Edrock is a renewable energy consultant, accredited by The Institute of Environmental Management and Assessment (IEMA). We have vast knowledge and experience in the renewable energy technologies industry, it supports:
- Solar PV
- Wind power
Services
Edrock energy consultancy services in Kenya include:
- Feasibility studies
- Planning and development services
- Full system design
- Public consultation
- Environmental impact assessments
- Site layout and siting support
- Due diligence and risk analysis
- Tender Solar PV
Solar PV
Edrock solar PV consultancy services include:
- Feasibility studies
- Advice on the feed-in-tariff
- Due diligence reporting
- It also advises on faults and problems in projects that require maintenance.
- Its focus is on the quality and longevity of solar PV products and on optimizing their energy production. specification consultancy
Wind Power
As part of Edrock wind power consultancy services, its project managers provide robust wind monitoring services. This helps to assess the potential of prospective wind energy sites.
Our wind power consultancy services include:
- Site finding and layout optimization
- Impact assessment
- Feasibility
- Planning
- Due diligence
We have well-experienced workers with experience from wind-driven motors and steam turbine companies across the country.
Partners
Banks
Energy companies
Clients
Insurance
NGO’s Government Agency
Banks