Due to the financial management assignment question, I am pleased to present the AGVA Corporation Limited the year ended 31 December 2003 annual report.
1.1 Company background
AGVA Corporation Limited established in 1987 and listed on the Singapore Exchange in July 2003. The Company was incorporated in Bermuda on 15 March 2002. AGVA is a specialty manufacturer of lifestyle-oriented products and related accessories with a fully integrated supply chain management system. Its business consists primarily of the manufacture and sale of lifestyle-oriented products and related accessories for its own brands including "AGVA", OEM customers and corporate customers as premiums.
Since 1998, it has tapped the global outsourcing trend and established itself as a contract manufacturer of lifestyle-oriented products for recognized brand names around the world. In addition, it established its own in-house "AGVA" brand of media storage products in various Asian Countries, including Singapore, Malaysia, the Philippines, Indonesia, South Korea, Japan, China, Saudi Arabia and Kuwait, amongst others, Russia, Sweden, New Zealand and Australia.
Since 2000, it has also ventured into the premium industry, where it custom designs and manufactures corporate gifts for corporate customers in the world.
It is headquartered in Hong Kong with its manufacturing facility in Dongguan, China. Through its sales office in Singapore, Malaysia and Hong Kong, it serves its diversified customers from around the world.
2 President's statement
2.1 Corporate goals
According the president's statement the Group vision can specify as to be a leading global manufacturer of specialty multi-purpose and media storage products, and lifestyle accessories. It is the company mission to excel as a one-stop solution provider to global retailers, OEM and ODM manufacturers while delivering second-to-none value to their customers. With a dynamic global network in over 45 countries, AGVA continues to grow in strength with key focus in Japan,