profile - COURTS FIJI | SECURE SHOP

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P R O F I L E
M AY
2014
TABLE OF CONTENTS
Our Values 2
Our Businesses
3
Vision Group Ltd.
5
Courts (Fiji) Ltd.
6
Sportsworld16
Courts (Tonga) Ltd.
17
Vision Hotels Ltd.
18
Dhoby’s Ltd.
19
Eco Solutions (Pacific) Ltd.
19
Mahogany Industries (Fiji) Ltd.
20
Vision Motors Ltd.
21
Vision Properties Ltd / Vision Finance Ltd.
22
Holding Board of Directors & Group CEO 23
Bankers, Accountants, Auditors
25
& Solicitors
Directory26
O UR V AL UE S
Customer Focus
Challenger Spirit
We are totally Customer Centric. Superior
Customer Service is our main focus. We listen,
observe, learn and connect with Customers. We
anticipate their needs and make it easy for them
to do business with us. We keep promises. We
offer value and quality products and services
to enrich and uplift our Customer’s lives. We
treat all Customers with utmost dignity and
respect. We give our Customers life changing
experiences.
The creativity and innovation of our people sets
us apart. We create a great place to work where
people are inspired to become the best they can
be. We look for better ways of doing business
and we share a passion for making a difference.
We are committed in heart and mind. We set the
pace and never give up to shape a better future.
Integrity
Personal Excellence
Our reputation is based upon our ability to
fulfill promises to Shareholders, Customers
and Employees. We do so by being honest in
our dealings, taking responsibility and being
accountable for our actions, omissions and our
mistakes. We treat everyone the way we would
like to be treated. We are proactive in identifying
issues and coming up with solutions. We ensure
that the highest ethical standards guide us in
making decisions. We are true to our word.
Leadership and superior performance are achieved
through the pursuit of personal excellence. We
are committed to doing and being the best. We
seek continuous improvement and take pride in
what we do. We do things to the highest possible
standards. We acknowledge the potential of
the individual and create opportunities for all
to grow and excel. Together, we celebrate our
success and achievements.
Teamwork
We work as one team with shared goals. We
achieve great things. We act with urgency,
remain responsive to change and work
effectively and efficiently. We welcome ideas,
beliefs, opinions, perspectives and contributions
from everyone. We recognise, respect and value
diversity in the team. We develop strong bonds
by communicating and sharing knowledge. We
encourage open discussion and commit to an
agreed position. All of us have a part to play.
MAY 2014
OUR WINNING CULTURE…..
We live our values
We do business the right way
We invest in opportunities.
VISION GROUP LIMITED • CORPORATE PROFILE
PAGE TWO
02
O UR B US I NE S S E S
Retail Cluster
Courts (Fiji) Limited
Courts (Fiji) Limited (“Courts”) commenced trading in Fiji in 1971 and since then has become a trusted
and household name in Fiji. Courts is the clear market leader and the largest retailer of Electrical,
Furniture, Computers, Audio-Visual, Floor Coverings, Sporting and Home Goods, with Store outlets
located in all major cities and towns in Fiji. Courts is also the largest provider of Consumer Finance
outside of the regulated financial institutions sector, with a current live Customer base of over 75,000
Customers. Courts are the agents and distributors and accredited business partners for numerous
world renowned manufacturers and brands. Courts also exports merchandise to several countries in
the South Pacific region.
[www.courts.com.fj]
Sportsworld
Your Total Fitness Store
Sportsworld is the market leader in the retailing of sporting goods and clothing and gym equipment.
Sportsworld is the agent and distributor for several world renowned brands including the Puma &
Asics range of footwear and clothing. Sportsworld wholesales a select range of merchandise including
the Puma range, to a network of local retailers. Sportsworld merchandise is also retailed through all
Courts (Fiji) Limited stores. Sportsworld also exports merchandise to several countries in the South
Pacific region.
[www.courts.com.fj/sportsworld]
Courts (Tonga) Limited
Courts (Tonga) Limited is 50% joint venture with Pacific Retail Limited, with 2 Store outlets in Nukualofa
in the Kingdom of Tonga. Courts (Tonga) Limited is a High Street retailer of Electrical, Furniture,
Audio-Visual, Floor Covering and Home Goods. Courts (Tonga) Limited also has a dedicated outlet
carrying a range of sporting goods and gym equipment including the Puma range of footwear and
clothing, setup in collaboration with Sportsworld Fiji.
Motor and Industrial Cluster
Vision Motors Limited
Vision Motors Limited is a Tier 1 motor business engaged in the automotive and light industrial
sectors. The portfolio of world renowned motor vehicle franchises include heavy commercial trucks,
light commercial trucks, commercial vans, pick – ups, sedans and forklifts. Ancillary merchandise
include range of automotive and industrial lubricants and automotive tyres. The industrial division
markets a range of industrial products such as insulators, pumps, generators, buggy carts and provides
installation and servicing of escalators and lifts.
PAGE THREE
03
VISION GROUP LIMITED • CORPORATE PROFILE • MAY 2014
Hospitality and Services Cluster
Vision Hotels Limited
Fiji Hotels Limited is the owner of the Fiji Beach Resort and Spa in Denarau Island Fiji which is managed
by Hilton International LLC. The Resort is a premier Tier 1 star class hotel property in Fiji, currently
with 279 keys with an equivalent room inventory of 340. Construction is ongoing in Stage 2B which
comprises of a new restaurant and pool complex, conference centre and further 89 keys with a
equivalent room inventory of 115.
[www.fijibeachresortbyhilton.com]
Dhoby’s Limited
Dhoby’s Limited operates a commercial laundry and offers dry cleaning and laundry services to
the public based in Martintar, Nadi. The laundry provides services to the hotel sector in the high
density Denarau and Nadi tourist belt and also offers top class linen and dry cleaning services to the
community.
Eco Solutions (Pacific) Limited
Eco Solutions Pacific Limited is a chemical and hygiene business offering a range of services to
commercial customers. Range of service include supply of chemicals to the hospitality, institutional,
agricultural and industrial sectors, servicing of boilers, servicing of cooling towers and various other
industrial applications.
Eco Solutions markets a range of dispensers and other cleaning and hygiene related merchandise.
Manufacturing Cluster
Mahogany Industries (Fiji) Limited
Mahogany Industries (Fiji) Limited is a high-end furniture manufacturing and joinery business, primarily
using mahogany timber from Fiji’s sustainable forestry industry. Customers include the hotel sector,
high-end dwellings and the export markets.
[www.mifl.com.fj]
Property and Services Cluster
Vision Properties Limited
Vision Properties Limited is a property investment and a development company with a sizeable portfolio
of retail, commercial and vacant land holdings in key locations in cities and towns spread throughout
Fiji.
Vision Finance Limited
Vision Finance Limited provides debt guarantee services, extended warranty services and other financial
products such as operating leases on vehicles and plant machinery.
PAGE FOUR
04
VI SI O N G RO UP LI M I T E D
Vision Group Limited is an investment company and the holding company of the Vision Group of
Companies. Vision Group Limited is owned by the following reputable and long standing local business
powerhouses;
• R C Manubhai & Co Limited – R C Manubhai is a market leader in hardware and building
materials trade. It has numerous other subsidiaries including Ajax Fasteners and Glass & Mirror. Its
manufacturing interests include the manufacturing of wire mesh, polyurethane form and roofing
products and profiles.
• Jacks Equity Investments Limited – “Jacks of Fiji” is a high end retailer dealing in garments,
handicraft, jewellery and gift ware. The Group operates 37 store and restaurant outlets spread
throughout Fiji and in premier hotels and resorts. Other main stream businesses include restaurants
(franchisee for Hard Rock Cafe), garment manufacturing, handicraft manufacturing, building and
construction and hydroponics.
• Challenge Engineering Limited – Challenge Engineering is a large property holding and
development company. The Challenge Group’s other business interests include, Automart –Fiji’s
largest second hand motor vehicle dealer and Mobile Crane Hire Services – market leader in heavy
machinery hire in Fiji.
• Candle Investments Limited – Candle Investments is an investment and holding Company. Its
business interests include property holding and development and owns amongst other numerous
properties -Mid City Plaza, a prime shopping mall and office development block in the heart of
Suva, the Capital of Fiji. It also acts as a Corporate Trustee.
These four companies are successful businesses and are trusted and popular household names in Fiji.
These companies have close business and social contacts with numerous other business houses and
leaders in the community and commerce. This gives the Vision Group an unparallel advantage to
leverage these wide-ranging contacts to access potential customers and markets.
The Vision Group and the Shareholder Companies offer employment to over 3,000 individuals,
making this conglomorate one of the largest private sector employers in Fiji.
GROUP CUSTOMER CARE
Vision Group operates a Group Customer Care Centre fully manned by specialist staff to attend to
queries and requests. The Centre can be contacted through a toll Free number 1-800-333 or email
[email protected]
VISION GROUP FOUNDATION
Vision Group has a strong sense of obligation to the less fortunate in the community and allocates
significant funds each year to an approved charitable trust - Vision Group Foundation. This foundation
engages in the community to carry out various charitable and social projects.
PAGE FIVE
05
C O UR T S (F I J I ) L I M I T E D
[www.courts.com.fj]
Overview
Courts (Fiji) Limited (“Courts”) is the dominant market leader and retailer of Electrical, Furniture,
Computers, Electronics, Phones, Audio-Visual, Sporting, Floor Coverings and other Homeware goods.
Courts have dominated the market particularly in electrical appliances and furniture for several decades.
Courts have an extensive Store network in all major cities and towns in Fiji and the market share is
estimated at around 70%. Courts is also the largest provider of consumer finance outside of the
regulated financial institutions currently with a live Customer base of over 75,000 Customers. The
in-house financing gives Courts a significant competitive advantage in the market. Currently Courts
employs over 700 employees.
History of Courts
The Origins of Courts go back to Courts PLC a company incorporated in the UK which was a specialist
retailer of electrical and home furnishing goods operating in countries in the Caribbean, South EastAsia, Pacific and Indian Ocean Countries. Courts PLC has since been dissolved.
Courts commenced operations in Fiji 1971. Courts was the first company in Fiji to introduce easy
payment schemes which enabled a countless number of families in Fiji to buy basic durable household
goods to improve their life styles and living standards.
PAGE SIX
06
A summary of key milestones is shown in the table below.
Year
Milestone
1971
Opens first Store in Samabula, Suva.
1971-1997
Builds market share by opening several additional Stores.
1998
Acquires Homecentres
Homecentres.
2004
Clearance obtained from the Commerce Commission of Fiji in respect of the
merger of Homecentres. Homecentres and Courts are brought together under
one retail Group.
retail
operations
from
competitor
Burns
Philp
Rationalisation of branches and operations takes place resulting in marked increase
in market share and profitability.
2006
Vision Group Limited acquires full ownership of Courts (Fiji) Limited on 31st May.
2008
Courts open the high end retail Store in Namaka trading as Courts Mega that has
retail area of over 30,000 square feet.
2010
Courts opens Store in Tonga in a joint venture with Pacific Retail Limited.
2011
Courts opens Store in Nakasi, a densely populated Suva Suburb on 8th July. The
two Store operation in Labasa is rationalised with the closure of the Nasekula
Store on 18th August.
2012
Tier 1 Samabula Store is converted to Samabula Mega on 19th December.
Courts Head Office relocated to Level 2 Vivrass Plaza, LBE, Suva in October
2013
Courts opens a tier 1 store at Provident Centre – Lautoka on 5th April. Cybercity
and Sportsworld stores are opened at Damodar City, Suva on 12th December.
Key Points of Difference
Courts have positioned itself in the market with key points of difference that has enabled it to maintain
its market dominance. These are:
• Superior Customer Service – Courts prides itself in providing the highest level of service to its
Customers. Shop floor and delivery staff are provided with on-going “Superior Customer Service”
training to ensure Customer service delivery is maintained at the highest possible level.
• High Retailing Standards - the Courts Store ambiance, merchandise displays and product range
are the best in the market. The product range offers world renown brands and at price points to
suit the various Customer segments.
• Courts Price Guarantee – Courts guarantee the lowest price to Customers providing outstanding
value for money under the popular banner “Courts Price Guarantee”.
• Product Guarantee – Courts stand by the products it offers to the market by providing outstanding
after sales service through the Courts Service Outlets located throughout Fiji. Courts also offer
Customers the “Supershield” Extended Warranty cover over and above the manufacturer’s
warranty to provide extra security and peace of mind to Customers.
• Easy Payment Schemes – Courts offer Customers a choice of easy payment schemes to purchase
any durable items available in the Stores with credit approvals given within minutes for convenience
of Customers.
PAGE SEVEN
07
Store Port Folio
Courts has an extensive Store network spread throughout Fiji. Courts Stores are on the main High
Street retail outlets and categorised according to size and merchandise offerings. All Stores are located
in premier locations in the relevant cities and towns.
Touch screen electronic product browsers are installed in all Stores so that Customers have the
convenience and the benefit of browsing the entire product portfolio of the Company and not restricted
to the range offered by a particular Store.
Currently the Store network comprise of the following:
Mega Store
Mega Stores are high end premier Stores with a large retail foot print
and carrying the full range of up market merchandise. The Stores
include a fine furniture showroom showcasing a refined range of
local and imported furniture from select high-end suppliers.
• Namaka Mega (30,000 sq ft Store close to the Nadi International
Airport and the popular tourist destination Denarau Island)
• Samabula Mega (32,540 sq ft Store and accommodates
Officeworks speciality outlet and showroom).
Tier 1 Stores
Tier 1 are premier Stores with a large foot print and located in major
cities.
• Rodwell Road Suva CBD
• Lautoka CBD
PAGE EIGHT
08
Tier 2 Stores
Tier 2 Stores are large Stores located in mid size cities and towns.
• Tavua
• Sigatoka
• Nadi Market Road
• Ba
• Nausori
• Labasa
• Cyber City - Suva
Tier 3 Stores
Tier 3 Stores are mid size Stores located in small cities and towns
• Nakasi
• Navua
• Rakiraki
• Somosomo (Where the date line crosses and the new day
begins)
• Savusavu
In addition to the retail Stores, Courts also operate at the following Outlets:
Carpets International
This Outlet located at Kura Street, Laucala Beach Suva, specialises
in wall to wall carpeting, floor coverings and soft tiling options
for residential and commercial applications and provides turnkey
services inlcuding domestic to large commercial carpet installations.
Officeworks
Officeworks specialises in the supply of office furniture, office
equipment and accessories. The range includes office workstations
in various combinations to suit a wide variety of office layout designs.
These speciality outlets located in Samabula Mega and Naviti Street
Lautoka, are one stop shops for setting up of a business or office.
Courts Clearance Centre
This outlet located at Kura Street – Laucala Beach, is unique in Fiji and
is predominantly engaged in retailing pre-owned, shop damaged,
surplus and discontinued merchandise.
PAGE NINE
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Products
Powerhouse at Courts
Courts offers a wide range of electrical products, audio, video, sound systems and light machinery
goods at value for money prices appealing to the different Customer segments.
Some of the brands offered are:
Exclusive Brands:
Non-exclusive Brands:
PAGE TEN
10
First For Furniture at Courts
Courts offers a wide range of furniture to accommodate a wide range of Customer tastes and preferences.
The range includes bedding, mattresses, dining sets, bedroom suits, lounges, recliners, kitchen cabinets
and much more. The offer also includes a range of imported upmarket leather and wooden furniture.
Courts have developed its own house brand “Sleep On It” offering a range of mattress and bedding
solutions. Courts Mega Stores have separate fine furniture showrooms to showcase refined and high
quality range of imported and local furniture and a range of home décor items.
Brands represented include:
Homeware and Bed & Bath
The Homeware range offers a portfolio of world renowned brands. The Bed & Bath range offers a
wide variety of linen products of various grades and specifications suitable for homes, restaurants and
hotels. Made to measure orders are done to suit individual customer needs. Home ware range includes
world renowned brands at reasonable prices. Range includes crockery, cutlery, cookware, glassware
etc.
Brands represented include:
R
PAGE ELEVEN
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Courts Technology & Cyber City
Courts Technology offers a wide range of electronics, computers, accessories, games and phones. To give
focus to the category and for convenience of Customers, Courts have set up “Cyber Corners” in all the
Stores to show case the electronic, phones and computer range of products.
The Cyber City branch at Damodar City, Suva is a specialty IT shop offering the latest in IT gadgetry.
Courts currently carry the following accreditations:
Valued Partner
Courts markets and distributes the following world renown brands:
PAGE TWELVE
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Carpets International at Courts
Courts offer a full range of floor covering solutions to the domestic
and commercial customers from wall to wall broadloom carpeting,
throw down rugs, carpet tiles and vinyl tiles and planks. Carpets
International has a speciality shop in Kura Street Laucala Beach Suva,
carrying the full range of floor covering products and coordinates
installations through a team of qualified fitters and layers from
domestic to large commercial jobs. The range of throw down rugs
are offered through all the Courts Store outlets.
Extreme Fitness & Leisure
Courts offers a full range of sporting and gym equipment, sports
trophies, musical instruments and leisure goods. Courts markets and
distributes a range of Mercury Outboard Engines.
Some of the world renowned brands offered are:
TOPKIT
PAGE THIRTEEN
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Services
Courts Credit
Courts Credit offers a number of consumer credit facilities to suit the financing needs of the Customers.
Broadly the financing facilities include trade credit up to 90 days on interest free terms to Platinum Card
Holders, Lay by up to 6 months repayment period and various Hire Purchase options with repayment
periods extending up to 48 months. Special trade credit facilities are offered to Corporate Customers.
Customers can finance their purchases by subscribing to these various credit options on offer.
Platinum Cards and Privileged Cards are issued with pre-approved “Ready Finance” credit limits for
the convenience of the Customers and to fast track credit approvals and purchases.
The Hire Purchase options include add-on’s such as credit insurance and warranties, which provide
further comfort and protection to Customers.
Courts has one of the largest Customer Data Bases in the country currently with over 75,000 live time
accounts and a historical base of over $100,000+ Customers, which is a valuable platform to introduce
new products and to grow sales and market share.
The business of in-house consumer financing offers an unparallel competitive advantage to Courts in
the market to leverage sales and market share of the various brands represented.
Courts Service
Courts Service operate full equiped and resourced after sales and repair facilities to provide after sales
support to a full range of electrical, computers, phones, recreational and furniture goods. Courts
Service, operates three separate facilities in key locations throughout the country and employs expatriate
technicians to provide the highest standards of after sales support. Courts Service also provides its
repair and after sales services to walk-in Customers and to other commercial enterprises and offer
preventative maintenance contracts to Customers. Courts Service offers security and unparallel peace
of mind to Customers purchasing merchandise from Courts.
The Hotel Division in Courts Service based in Namaka Nadi, offers 24/7 installation and repair services
on a range of equipment, appliances and general refrigeration to the hotel and restaurant sectors.
Courts Service offers after sales and repair services for most categories of merchandise and is the
accredited After Sales Service provider for world renowned brands such as LG, Bose, Sthil, Acer,
Samsung, Hero, Fisher & Paykel, Philips, Hisense, Akita, NEC, Singer.
Courts Service also offers range of electrical, recreational and gym equipment on weekly hire terms to
Customers under the business “Hire Me”.
PAGE FOURTEEN
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BEST BUY$ BUSINE$$
FOR
Best Buys for Business
The Best Buys for Business is a separate dedicated team offering personalised services to the
commercial sector offering a range of merchandise from video, audio, electrical appliances, furniture,
floor coverings, computers, sports and recreational equipment and many more. Preferential pricing is
offered on a negotiated and case by case basis. An efficient sourcing service is also provided using the
global network of agents especially from China and South East Asia.
A separate showroom in the Namaka Mega store showcases a range of products, specifically suited for
the hotel and restaurant sector.
Exports
Courts exports a range of local and imported merchandise to several countries in the South Pacific
Region. Courts through bulk purchasing from suppliers around the world, are able to offer the benefit
of this bulk preferential pricing to export Customers without imposing restrictive minimum order
quantities.
Supershield
Courts offers on select electrical, furniture and computer items, “Courts Supashield” extended warranty
over and above the warranty provided by the manufacturers. These extended warranties provided to
Customers at a modest fee, provides security and peace of mind to Customers to have the products
repaired or replaced during the period of the extended warranty.
Courts Customer Care
Courts is the only retailer in Fiji with a customer care centre fully manned by trained personnel to field
Customer queries and requests. Courts Customer Care can be contacted through a toll free number
1-800-333, by email: [email protected] or through the Courts Website: www.courts.com.fj.
Courts Customer Care also carries out customer and media surveys, to provide feedback to operations
to improve customer satisfaction and shopping experience. Customer Suggestion Books are kept at all
operating locations to gather Customer comments, which are used to improve Customer Service levels
and address Customer concerns.
PAGE FIFTEEN
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Your Total Fitness Store
S PO RT S W O RL D
[www.courts.com.fj/sportsworld]
Sportsworld is a renowned sporting goods store in Fiji and is the agent and distributor for several world
famous sporting goods brands. The merchandise includes sports shoes and clothing, various sporting
gear, gym equipment and golfing gear. The retail store network comprise of 4 outlets in Suva and Lautoka.
A select range of Sportsworld merchandise is also marketed and sold through Courts (Fiji) Limited retail
stores located throughout the country.
Sportsworld is the agent for PUMA and Asics brands of merchandise including sporting shoes, clothing
and bags. The PUMA merchandise is distributed through a network of retailers located throughout the
country.
Sportworld also exports merchandise to several countries in the South Pacific Region and collaborated
to setup a sporting goods store in the Kingdom of Tonga.
Sportsworld is also the agents and distributors for world renown brands such as:
TM
TM
PAGE SIXTEEN
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COURTS (TONGA) LIMITED
In May 2010 the Vision Group Limited as part of it’s strategic plan to expand into the South Pacific
region, entered into a 50% joint venture with Pacific Retail Limited of Tonga to open up a spacious
Courts Store in Nukualofa, Tonga. This Store operates as a replica model of the Fiji Courts business.
Courts Tonga offers lay-by facilities with repayments extended upto 6 months for the convenience of
Customers.
A second Sportsworld Store was opened in Nukualofa CBD in January 2012, specialling in sporting,
leisure and gym equipment. This store represents numerous leading world brands including the Puma
range of footwear and bags. The store was setup in collaboration with Sportsworld in Fiji.
PAGE SEVENTEEN
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VISION HOTELS LIMITED
[www.fijibeachresortbyhilton.com]
In October 2011 and March 2014 the Vision Group acquired 100% of Fiji Beach Resort and Spa. Fiji
Beach Resort and Spa is a premier tourist resort located on Denarau Island with 1.5 kilometres of
uninterrupted ocean frontage along the entire length of the resort complex. This is an unique feature
amongst the resorts at the premier Denarau destination. The resort currently comprise 279 keys (340
rooms) and is managed by Hilton International LLC.
The resort offers a range of accommodation from penthouses, 3 bedroom beach front villas to studio
apartments. The resort also offers a selection of restaurants serving different cuisines and a number of
adults only and recreational pools for the enjoyment of the guests.
Work is ongoing to complete Stage 2B of the development, which comprise a conference centre,
restaurant and pool complex and 83 keys (115 rooms). Plans are also on foot to further expand facilities
such as a new reception and lobby, expanded spa and gym over the next few years in line with the
original master plans for the resort.
PAGE EIGHTEEN
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DHOBY’S LIMITED
Dhoby’s Limited acquired a commercial laundry in February 2012 and after extensive refurbishment,
commenced full scale operations in November 2012. The commercial laundry operates under the
trading name “Dhoby’s”. The laundry is located in Martintar Nadi and is fully set up with commercial
washers, dryers, presses and dry cleaning equipment.
The commercial laundry will service Customers in the hotel sector whilst at the same time offering first
class linen and dry cleaning services to the community in the Nadi and Lautoka cities.
Dhoby’s have partnered with Greenearth Chemicals and Jasol NZ to ensure the cleaning solvents used
are soft on fabrics and environmentally friendly.
ECO SOLUTIONS (PACIFIC) LIMITED
Eco Solutions (Pacific) Limited commenced business in July 2012 and is a cleaning, sanitation and
hygiene business offering integrated and turnkey solutions to commercial laundries, hotels, restaurants,
food processors, agricultural sector, dairy and poultry farming sector and other institutional sectors.
Eco Solutions have partnered with Jasol NZ (A regional market leader in the supply of chemicals and
hygiene products) and other reputed suppliers in Australia and New Zealand for the supply of chemical
and cleaning products. The portfolio includes a range of specially formulated environmentally friendly
products. Eco Solutions provides servicing of boilers and cooling towers. Eco Solutions also imports and
distributes a wide range of dispensing units, janitorial products, paper products and other specialised
cleaning equipment.
Eco Solutions also provides training and advisory services as part of turnkey solutions offered to its
Customers.
PAGE NINETEEN
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MAHOGANY INDUSTRIES (FIJI) LIMITED
[www.mifl.com.fj]
Mahogany Industries (Fiji) Limited (“MIFL”) was acquired in February 2012 and is a wholly owned
subsidiary. MIFL commenced operations in October 2004 and its 2,250sq mt factory is located in the
Navutu Industrial Estate, Lautoka.
MIFL specialises in manufacturing high quality furniture, cabinetry and joinery work and is the preferred
supplier of high quality furniture to the hotel and resorts market. MIFL offer services ranging from
customized one off items through to complete large scale fit outs. The company employs highly skilled
joiners, designers and technicians.
MIFL has invested in a fully computerized Hilder Brunner drying kiln with a 50 cubic meter load capacity.
MIFL has a latest model Masterwood CNC Machine, which has increased the versatility of the product
range it can manufacture.
MIFL exports to New Zealand and Australian markets and other regional South Pacific Countries
continues to grow year on year.
MIFL primarily uses “Sweitenia Macrophylla” or Fiji Mahogany to manufacture its products. This
timber is from Fiji’s sustainable plantation forestry program. MIFL is committed to working with the Fiji
government, land owners and other private enterprise groups, to safeguard this resource and ensure
it remains for the benefit of future generations and in perpetuity.
Commencing January 2014, MIFL also manufactures and supplies a range of upholstery and hardwood
furniture to Courts (Fiji) Limited, which are retailed through the Courts Store network
PAGE TWENTY
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VISION MOTORS LIMITED
Vision Motors commenced operations in December 2011 and have quickly progressed to a Tier 1
Motor Company in Fiji. Vision Motors operates out of the GM Chevrolet Showroom in Karsanji Street
Suva, which was launched in February 2014. Further showroom and service operations in Suva are
located on Grantham Road and Auto City Road. Vision Motors also offer a range of products and
services through its branch outlets Nadi and Labasa.
Motor Vehicles
Vision Motors are the authorised distributors for several world renowned vehicle franchises including
General Motors Chevrolet, Peugeot, Dong Feng trucks, Sino trucks, Maxus passenger and panel vans
and Hyundai light and heavy duty forklifts. The vehicle portfolio includes heavy commercial trucks, light
commercial trucks, commercial vans, pick – ups, sedans and forklifts.
Service and Parts
An extensive inventory of parts are carried to provide ongoing after sales service to all vehicles marketed
and distributed by Vision Motors. The service workshops are LTA accredited and offers repairs services
to all makes of vehicles, heavy vehicles and small engines. Other services offered include electronic
engine diagnosis, paint booth operations, road side assist and 24 hour breakdown service.
Industrial
The industrial division markets and distributes a range of industrial products. Vision Motors are
the authorised agents for Wellift escalators and lifts. Other industrial products include buggy carts,
generator sets, industrial pumps, insulators and a range of other industrial merchandise.
Tyres and Lubricants
Vision Motors markets and distributes several brands of quality tyres targeting a broad segment of the
user market. Tyre servicing and wheel alignment services are offered through all major outlets .
Vision Motors also distributes several brands of lubricants including Bizol, a range of high quality
lubricants by the world renowned German manufacturer.
PAGE TWENTY-ONE
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VISION PROPERTIES LIMITED
Vision Properties Limited is a wholly owned subsidiary and is a property holding and development
Company.
The Company owns a number of retail, commercial and vacant land holdings in Samabula, Raiwaqa,
Nabua, Nausori, Martintar, Lautoka, Tavua and Labasa.
Most properties owned by the Company are occupied by various businesses of the Vision Group.
Courts Samabula
Courts Tavua
New Chevrolet Showroom
Courts Nausori
VISION FINANCE LIMITED
Vision Finance Limited is a wholly owned subsidiary and provides a range of financial services. These
services include debt guarantee services on consumer finance facilities, extended warranty guarantees
on durable goods and operating leases on new motor vehicles and plant and equipment.
PAGE TWENTY-TWO
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H OLDIN G B O A R D O F DIRECTORS & GROUP CE O
The Holding Board of Directors comprise of representatives from each of the Shareholding
Companies as follows:
Dilip is the Chairman and Managing Director and the driving force of “Jack’s
of Fiji“ Group of Companies. From humble beginnings in 1969, the Group has
expanded its operations to include high end retailing, restaurants (franchisee
for Hard Rock Cafe), garments manufacturing, building & construction,
joinery and hydroponics.
Dilip Khatri
(Chairman)
Dilip has a passionate commitment to fulfilling social responsibilities, and over
the years has been a patron of most of the social and religious organizations
in Nadi. He was the Mayor of Nadi Town from 1993 to 1999. In 2002,
the Government of Fiji recognized his contribution to Fiji by appointing him
an Officer of the Order of Fiji and on 1 August 2006, he was appointed a
member of the Fiji College of Honours.
Navin is a Managing Partner of Oswin Griffiths – DFK, a Chartered Accountancy
Practice in Auckland New Zealand and is a graduate of Victoria University
of Wellington. Navin has worked in New Zealand, Fiji and the USA. Navin
specialises in management consultancy and auditing.
Navin Patel
(Deputy Chairman)
Navin is a member of the Institute of Chartered Accountants in New Zealand
and a Registered Trustee with the New Zealand Trustees Association. Navin
has extensive international experience in auditing large public and private
companies and in business consulting with industrial, retail, tourism, property
and IT sector companies.
Dinesh is the Managing Director and Chairman of R.C.Manubhai Group
(RCM) of Companies. RCM Group is a market leader in the hardware and
building materials trade. RCM’s manufacturing interests include wire mesh,
foam products and roofing sheets and profiles.
Dinesh Patel
(Director)
Dinesh is a Accountancy Graduate from the Auckland Technical Institute.
Dinesh was a Board Member of Fiji Islands Trade & Investment Bureau and
President of Ba Chamber of Commerce & Industries.
PAGE TWENTY-THREE
23
HOLDING BOARD O F DI R E C T O R S & GR O UP C E O
Suresh Patel
(Director)
Suresh is the Managing Director of the Challenge Engineering Group
of Companies. Challenge Group is a successful business enterprise with
business interests ranging from large property holdings and development,
vehicle importing and trading and heavy machinery and equipment hire.
Suresh has a Bachelor Commerce Degree from University of Auckland and is
a member of the Institute of Chartered Accountants of New Zealand.
Satish is the principal partner of the family law firm of Parshotam Lawyers, a
reputable firm of Solicitors in Fiji. Parshotam Lawyers has been in active legal
practice in Fiji since 1955. Satish holds a Bachelor of Law Degree from the
University of Auckland. Satish was appointed a Notary Public by the Chief
Justice of Fiji in 1988.
Satish Parshotam
(Director)
P.L Munasinghe
(Group Chief Executive
Officer)
Satish is the Managing Director and shareholder of Candle Investments
Limited a substantial investment and property holding and development
Company. Satish is also involved in service work with many charitable,
religious and educational organisations in Fiji. He holds numerous Board and
Trustee positions in these organisations. Satish has work experience in New
Zealand and in Australia and is a member of the High Court of New Zealand
and the High Court of Fiji.
P.L Munasinghe or “PL” as he is commonly known, is a Chartered Accountant
by profession. He is Fellow Member of the Institute of Chartered Accountants
of Sri Lanka and a Fellow Member of the Chartered Institute of Management
Accountants (UK). PL has extensive commercial experience both in Sri Lanka
and in Fiji.
PL took up the position of Chief Executive Officer in March 2011. He is
responsible for the day to day Management of the Courts (Fiji) Limited
operations and other Vision Group entities. He is also the Company Secretary
for all the Vision Group Companies.
PAGE TWENTY-FOUR
24
BAN KE RS , ACCO U N T A N T S ,
AUD I TORS & S O L I C I T O R S
Bankers
Westpac Banking Corporation
ABN 33 007 457 141
Westpac House, 1 Thomson Street, Suva, Fiji
Postal Address: GPO Box 238 Suva Fiji
Telephone: (679) 330 0666
Fax: (679) 330 1838
BSP
Level12, Suva Central Building, Suva.
Postal Address: Private Mail Bag, Suva
Telephone: (679) 331 4400
Fax: (679) 330 3448
ANZ
ANZ House, 25 Victoria Parade Suva.
Postal Address: GPO Box 179, Suva
Telephone: (679) 321 3000
Fax: (679) 321 3756
Bank of Baroda
86-88 Marks Street, Suva.
Postal Address: PO Box 57 Suva Fiji
Telephone: (679) 331 1402
Fax: (679) 330 2510
A c c o u n t a n t s & A u d i to rs
PricewaterhouseCoopers
Level 8 Civic Towers Victoria Parade Suva Fiji Islands
Postal Address: GPO Box 200 Suva Fiji Islands
Telephone: (679) 331 3955
Fax: (679) 330 0947
ERNST & YOUNG
Pacific House Level-7, 1 Butt Street, Suva.
Postal Address: Private Mail Bag, Suva
Telephone: (679) 331 4166
Fax: (679) 330 0612
So l i c i t o r s
Parshotam Lawyers
Level 2 Mid City Cnr Cumming Street and Waimanu Road Suva Fiji Islands
Telephone: (679) 331 4844
Fax: (679) 330 0681
Sherani & Co
Level 2 Harifam Centre Greig Street Suva Fiji Islands
Telephone: (679) 331 3255
Fax: (679) 330 1546
PAGE TWENTY-FIVE
25
D I REC T O RY
VISION GROUP LIMITED
FIJI BEACH RESORT & SPA (Hilton)
Chairman
Deputy Chairman
Group Chief Executive Officer
Director of Strategic Planning & Business Development
General Manager
Director of Operations
Address: Level 2 Vivrass Plaza, LBE
Postal:
PO Box 3726, Samabula Fiji
Telephone:(679) 3381 333
Fax:
(679) 3370 483
Email:[email protected]
Address: Denarau Island, Nadi, Fiji
Postal:
PO Box 11185, Nadi Airport
Telephone:(679) 6756 800
Fax:
(679) 6756 801
Website:www.fijibeachresortbyhilton.com
COURTS (FIJI) LIMITED
DHOBY’S LIMITED
Chief Operating Officer
Director of Procurement & IT
Director of Credit
Director of Marketing
Group Finance Manager
Group HR Manager
Senior Service Manager
National Distribution Manager
Audit & Governance Manager
General Manager
Address: Level 2 Vivrass Plaza, LBE, Fiji
Postal:
Telephone:(679) 3381 333
Fax: (679) 3370 483
Website: www.courts.com.fj
SPORTSWORLD
Address: Northern Press Road Martintar, Nadi
Postal:
Telephone:(679) 6722 161 / 3381 333
Fax:
(679) 3370 483
VISION MOTORS LIMITED
General Manager
Address: Karsanji Street, Vatuwaqa
Postal:
Telephone:(679) 337 2028
Fax:
(679) 337 0845
General Manager
Address: 18 Waimanu Road
Postal:
GPO Box 12405, Suva
Telephone:(679) 3315 910
Fax:
(679) 3314 900
Website:www.courts.com.fj/sportsworld
COURTS (TONGA) LIMITED
Branch Manager
Address: Taufa’ahau Road, Tofoa
Postal:
PO Box 2867, Nuku’alofa
Telephone:(676) 29906 / 29905
Fax:
(676) 29907
ECO SOLUTIONS (PACIFIC) LIMITED
MAHOGANY INDUSTRIES (FIJI) LIMITED
General Manager
Address: Lot 3 & 4 Royal Palm Road,
Navutu Industrial, Lautoka Fiji
Postal:
PO Box 111 Lautoka, Fiji
Telephone:(679) 6640 801
Fax:
(679) 6640 800
Website:www.mifl.com.fj
VISION HOTELS LIMITED
VISION PROPERTIES LIMITED
VISION FINANCE LIMITED
General Manager
Address: Amy Street, Toorak, Suva
Postal:
PO Box 3726 Samabula, Fiji
Telephone:(679) 338 1306
Fax:
(679) 330 2720
Address: Level 2 Vivrass Plaza, LBE, Fiji
Postal:
PO Box 3726 Samabula, Fiji
Telephone:(679) 3381 333
Fax:
(679) 3370 483
Website:www.courts.com.fj
PAGE TWENTY-SIX
26
2014
PROF IL E

profile - COURTS FIJI | SECURE SHOP

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