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1Introduction Due to the financial management assignment question I am pleased to present the AGVA Corporation Limited the year ended 31 December 2003 annual report 11 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 2Presidents statement 21Corporate goals According the presidents 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 USA and Europe and create new production line in China and the Asia Pacific regions
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