| Executive Summary |
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Executive
Summary
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Over the last two
years NATEX has continually followed its vision, which has
seen the company meet and pass the expectations of both our
customers and shareholders.
Natex is a 100% Australian owned company who is currently the most efficient manufacturer and supplier of quality sporting goods on a national basis. Natex Enterprises was formed in 1998, when it launched a successful takeover bid an established, but struggling sporting goods company (see balance sheet). At time of takeover, extensive restructuring was implemented to reduce the Au $4.4 million overdraft, increase production and market share, which saw Natex eradicate all debt and make a substantial profit in under 12 months. The significant turnaround of the company in such a short time period, was due to a number of factors. Some of these being our continual commitment to democratic leadership, high production efficiency, increased technology levels and our strong push towards implementing quality management systems in all factories. This growth only continued in the second year of takeover, which saw natex build two new factories and also opened the door for diversification into new markets. Natex currently is employing over 550 men and women Australia wide, and has sales locations in NSW, inter-state and overseas (primarily in the Pacific Rim). Total revenue for Natex is in excess of Au $20 million, where the percentage divided amongst the markets was approximately: NSW (Home) - 48% Other states & Export - 52% Rapidly Increasingly profit margins has allowed NATEX to implement the highest level of technology available in the market to each of its five factories. Furthermore, its expanding network distribution channels has allowed NATEX to manufacture and supply quality top quality sporting goods in all competitive markets. " NATEX aims to produce the highest quality sporting products and become the pre-eminent supplier to the global sporting market". |
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