The Fund has made available $2 million grant/technical facility to provide technical and managerial assistance (TA) to Investees to improve the performance of portfolio companies following the investment or to assist prospective portfolio companies to become qualified for GRDF investments. Please see below a detailed project list per each company, with short outline of project purpose and status.
Recruit and temporarily share the cost of a new CFO/Marketing Manager/Marketing Consultant
Completed
Management Information System Development
Post Investment
Develop & implement an ERP system in the company
Completed
Financial Management (CFO consultant)
Post Investment
The TA Facility Support to DOKI CFOExtended and in Process
Completed
Commercial and Financial Consultancy
Post Investment
The TA is designed to support management team in delivery of business channels profitability targets within an affective control environment.
Completed
RCHEULI
Hotel Development (Market Assessment & Hotel Design)
Pre Investment
Market Assessment (assess the hotel markets in regions of Kakheti, Kutaisi and Kurta) and Hotel Design Study (Audit Rcheuli Hotels and recommend on further/future design based on international hotel standards)
Completed
Development and Institutionalization of Hotel Management Standards (manual development & training)
Post Investment
Develop a set of standard operational procedures for the entire chain and train the hotel staff accordingly
Completed
Executive Management Improvement (Executive Director consultant)
Post Investment
The TA Facility Support of Executive Management Improvement
Completed
Hotel Food and Beverage Consultancy TA
Post Investment
To assess Rcheuli’s F&B expansion strategy, identify and prioritize opportunities and streamline its food and beverage concept.
Completed
Rcheuli/RITSEULAEnvironmental Consultant TA
Post Investment
Toevaluate the key environmental risks present within the businesses and where necessary, devise an environmental action plan.
In Process
BAZI
Stratedic sales Consultancy
Post Investment
To provide guidance and advice on strategic and technical planning to Company management/shareholders, as well as support with establishment of preliminary sales leads in the CIS and European markets.
Completed
TETNULDI
Hotel Concept andDesign
Pre Investment
Review and Design Hotel to meet international hotel standard requirements
Completed
Hotel Design and Pre-Opening HR Planning
Post Investment
Support hotel in design and staff development activities
Completed
Front office Management System
Post Investment
To drive hotels operational efficiencies through front office business process automation
In Process
PIUNIK
ERP Implementation
Post Investment
Implement ERP system to streamline company's manufacturing operations
Completed
ECOPEX
Production Manager Recruitment TA
Post Investment
Recruit and temporary share the cost of Production Manager
Completed
Food Technology and Quality Assurance Consultancy
Post Investment
To drive profitable growth of company, through new product development and corporate quality standard maintenance
In Process
ISO Consultancy TA
Post Investment
Consult on proper quality management practices and prepare companyfor further ISO certification
To provide guidance and advice on strategic planning & business development, support with establishment of sales leads in CIS and European markets
Completed
Enterprise Resource Planning Deployment
Post Investment
To streamline Company's operations, increase profitability and enhance customer service through ERP implementation
Completed
A-Net
Enterprise Resource Planning Deployment
Post Investment
To drive internal efficiencies of A-NET and provide grounds for rapid response to dynamic market conditions through business process automation
In Process
DOGAN
Fish Health & Nutrition Consultant
Post Investment
To increase demand for Dogan products by improving fish nutrition knowledge and skills of customers and Dogan staff and by promoting the importance of fish feed diets among fish farms.
In Process
ISO Consultancy TA
Post Investment
Consult on proper quality management practices and prepare companyfor further ISO certification
In Process
PRIME CONCRETE
Technical Consultancy
Post Investment
To assess the feasibility of a project and recommend on ways to optimize company's existing and/or perspective operations through proper machinery planning, costing and selection.
Completed
Enviro consultancy TA
Post Investment
To assess quarry project's potential impact on environment and develop specific action plan for improvement
Completed
Prime QuarryTechnical Consultancy
Post Investment
Assist Management to set up technically and operationally viable quarry plant operations
In Process
MULTIPLEfor Various Investee Companies
Improvement of Financial Management, Accounting andReporting
Post Investmentfor All Investees
Support Investee Companies to improve accounting and financial reporting practices
Completed
Managerial Accounting Consultancy TA
Post Investmentfor All Investees
Support Investee Companies to improve managerial accounting practices, including but not limited to cost accounting, client profitability analysis and accounting system automatization support
Completed
Financial Accountability and transparency assessment TA
Post Investmentfor All Investees
To assess Companys' transparency in accounting, and receive further recommendations for improvements
Completed
MULTIPLEfor Various Investee Companies
ERP Implementation
Post Investment for Bazi, Madai, Ecopex, Rcheuli, Prime Concrete
To streamline Company's operations, increase profitability and enhance customer service through ERP implementation
In Process
Marketing Consultancy TA
Post Investmentfor Bazi, Tetnuldi, Ecopex, Madai, Piunik, Dogan
The TA is envisioned to help companies’ asses the local and international market potential and assist in market penetration.
Completed
Hotel Development and Operations Management Consultancy
Post Investmentfor Tetnuldi and Rcheuli
To assist hotel in construction management, pre-opening planning and post opening activities, such as marketing, sales, staff training
Completed
Tax Consultancy
Post Investmentfor 12 companies
To improve Investees tax process and controls and identify and mitigate any risks associated with past tax accounting practices
In Process
Follow on Financial Audit TA
Post Investment for 11 companies
To follow on identifiedbusiness and control vulnerabilities discovered as per 2008/2009 Audit toassess the steps taken by the Company,as well as identify any vulnerabilitiesin 2010.
In Process
Managerial Accounting Consultancy TA Extention till 1st of September, 2011
Post Investment
Extend the Managerial Accounting Consultancy Support to exsiting and newly added GRDF Portfolio Companies and assist in proper financial and managerial accounting practices.
In Process
Hotel Development and Operations Management Consultancy Extention till 1st of September, 2011
Post Investment
To guide the hotel through high occupancy summer season and faciliate smooth exit transition from previous to new management
In Process
TEREMOK
Staff Training
Post Investment
To achieve uniform service and product levels across all units
In Process
Restaurant Management System Implementation
Post Investment
To streamline front office operations and simplify back-office management, with accurate, up-to-the-minute reporting and analysis.
In Process
ISO Consultancy TA
Post Investment
To establish food safety management practices across its chain, increase product quality levels and prepare company for further ISO 22000 certification
In Process
Marketing Consultancy TA
Post Investment
To take standardized restaurant attributes, devise a brand code and plan strong advertising campaigns/marketing activities that will increase TEREMOK brand awareness.
In Process
IOLI
Software Modules (ERP Additions)
Post Investment
To improve IOLI’s internal (operations management) and external (customer relationship management) business practices, through business process automation.
