Admiralty International’s Directors and Associate Directors have completed (or are now engaged in) the following relevant assignments inAsia

 

Asia:  Establishment of Asia Shipping Group

Established specialty lending group for Bank of America, with division wide ship financing and marine related financings.  Recruited, trained, motivated and managed professional and clerical staff, and negotiated, documented and closed numerous financing transactions.  Established credit procedures, term loan review policies and lending criteria for all of Asia Division, includingKorea,Japan,Taiwan, PRC,Hong Kong,Malaysia,Bangladesh,India,Singapore,Indonesia,Brunei,AustraliaandNew Zealand.  Bank of America project.

 

Bangladesh: Production and Export of Processed Foods

Developed an investment strategy for the production of export oriented processed foods, in a joint venture withDuncans, the largest tea exporter inBangladesh.  Funded by Admiralty International and private investors.

 

Bangladesh:  Production of Superphosphate Fertilizer

Conducted a feasibility study on the economic and commercial viability of developing a fertilizer plant for the production of superphosphate fertilizer for local use.  Admiralty International is founding member of the New Zealand Fertilizer Technology Group.  Funded by theNew ZealandGovernment.

 

Bangladesh: Privatization of Public Manufacturing Enterprises

Development and implementation of a comprehensive strategy for the privatization of selected public manufacturing enterprises, in close coordination with two related technical assistance projects relating to labor productivity and regulatory changes.  Reviewed financial position of selected public manufacturing enterprises; undertook financial workouts; reviewed feasibility of rationalization; examined restructuring needs; assessed constraints to privatization; developed disinvestment strategy, including leases, management contracts, employee stock ownership buyouts, etc; examined and formulated procedures and policies to increase private investment, including foreign investment.  This was an Asian Development Bank project.

 

China:  Exporting Medical Equipment

Participated in joint venture with TransPacific Medical Technology, Inc., US based medical exporting firm and Tung Nam Ltd., its Hong Kong affiliate, to export imaging (X-ray) machines intoChina.  This was an independent project on behalf TransPacific and Tung Nam.

 

China: Fertilizer Sector – Legal and Regulatory Requirements

Provision of the legal and regulatory framework for the fertilizer industry ofChina, as part of its ten years plan to improve the efficiency of its fertilizer industry.  Admiralty International provided the management, legal and fertilizer industry expertise.  It was necessary to investigate the requirements of the Ministry of Chemical Industry, the Ministry of Agriculture, the producers, distribution companies and the farmers. Recommendations were made as to implementation steps and model legislation was drawn up.  An Asian Development Bank funded project.

 

China: Industrial Environmental/Financial Project

Financial and environmental analyses of a multi-loan environmental project, targeting six-publicly owned enterprises in theTangshanand Chengde Municipal Districts, including conversion of coal fired industrial plants to gas fired.  Companies included two ceramics factories, a water purification plant, two municipal district heat generating and distribution plants, and a municipal gas plant.  This was an Asian Development Bank project.

 

China: Investing in Apple Production and Juicing for Export

Participated as investment bankers in a feasibility study on improving the quality and yield of apple output, in association with the New Zealand Apple and Pear Board.  This was funded by the New Zealand Government.

 

China: Manufacturing Soil Testing Equipment

Performed a feasibility study on the economic and commercial viability of manufacturing and selling soil testing equipment, in cooperation with the New Zealand Agricultural Research Institution and the Chinese Ministry of Agriculture.  This project was New Zealand Government funded.

 

China:  English Language andBusinessSchool

Together with Thai associates, completed financial analysis on economic feasibility of establishing English language schools and business schools inChina.  This was an independent investment banking project.

 

India:  Survey of Corporate Debt Market

Performed a financial survey of the corporate debt markets inIndiafor the International Finance Corporation.  Interviewed and analysed issuers of and investors in corporate debt.  Investigated the factors influencing supply and demand of debt instruments, local infrastructure (including trading, settlement, depository and intermediaries and many other factors), policies and practices, and the impediments to creating a strong capital market.  Evaluated current securitization market.  Reviewed local and international markets for securitized debt.  Provided recommendations to improve usefulness and depth of debt markets.

 

Indonesia:  Investment in Fish Processing and Export

Advised several US and Indonesian clients on fish harvesting, processing and exporting.  The project was jointly funded with private clients.

 

Indonesia:  Investment in Sawn Timber Exports

Advised US and Indonesian investors on import strategy for Indonesian sawn timber toJapanand US markets.  This was investor funded.

 

Japan:  Investment in US Companies

Identified lending opportunities for several Japanese banks that were raising US dollars in the Euro markets.  Located US borrowers to take loan proceeds.  Acted as “go between” for both Japanese and US sides.  This was a Bank of America Investment Banking Group project.

 

Japan:  Export Opportunities forNew Zealand

AdvisedNew Zealandbased trading company on export strategies toJapanfor a wide range of NZ made products.

 

Japan:  Fenchurch Navigation

Responsible for managing and serving as director for several one ship holding companies created to own and charter several large ships to major Japanese shipping companies, including a very large crude oil carrier (VLCC) and a “Panamax” bulk carrier. A Bank of America funded project.

 

Kazakstan: Commercializing Food Processing for Export

Developed a pre-investment study on food processing and exporting in cooperation with the Kazak Academy of Sciences, the Ministry of Agriculture and a large agricultural co-operative.  Now in the process of locating a project sponsor.  A New Zealand Ministry of Foreign Affairs and Trade project.

 

Kazakstan:  Sale of Chemical Factory

Joint venture with Booz Allen Hamilton in the privatization and sale of chemical plant in Almaty.  USAID funded project.

 

Korea: Food Processing

Evaluated technical, commercial and economic viability of a fish processing company inKoreausing Japanese technology to produce “surimi” processed fish.  A Bank of America project.

 

Korea: Garment Exporting

Direct investment in garment exporting activities of associated parties.  Responsible for importing fabric, detailing specifications, supervising quality control and arranging exports.

 

Korea: Container Investments

Evaluated the commercial and economic feasibility of producing export seagoing 20 foot and 40 foot containers withKorea’s largest container manufacturer.  Investigated market for sale and lease of collapsible containers.  Our extensive experience with theUS(especiallySan Francisco) based container owning and leasing companies gave us a special understanding of the investment opportunities.

 

Korea: Lending to Ship-Builders

Evaluating Korean shipyards prior to a client’s investing.  This involved a survey of local laws relating to investment, security and banking, and a survey of existing shipyard investments.

 

Korea: Ship Financing

Advised international banking client on direct debt investment in several Korean shipping companies.

 

Korea: Importation of Foods and Medicines

Advised Korean clients involved in importingNew Zealandhoney and deer velvet (antlers) intoKorea.  At the same time, Admiralty was advising a number ofNew Zealandproducers in production of these products.

 

KyrgyzRepublic: Privatization and Governance Project

Investment bankers to an Asian Development Bank mission to develop a project loan.  Surveyed existing legal environment (especially company law, bankruptcy law, and security laws), capital markets, major SOEs, local investment companies and certain successfully privatized enterprises.  Developed conditionality matrix for project loan.

 

KyrgyzRepublic: Restructuring of Co-operative Banks

Organized and implemented project mission in theKyrgyzRepublicin preparation of the proposal for the Asian Development Bank project of restructuring of co-operative banks in the Republic.

 

Laos:  Plantation Forests

Provided financial evaluation of naeem tree plantation inLaos, in joint venture with potential Thai partner.  This was jointly funded by the New Zealand Government, our Thai client, Admiralty and other investors.

 

Myanmar:  Evaluation of Investment Opportunities

Now engaged in evaluation of investment opportunities inMyanmar.  An independent investment banking project.

 

Nepal: Study of Pollution inKathmanduValley

Project managed a team of experts who identified the pollution generated by the wool industry in theKathmanduValley.  Visited the major manufacturing sites in the Valley, conducted chemical analyses of the environment and recommended strategies to reduce water and air borne pollution.  A New Zealand Ministry of Foreign Affairs and Trade aid project, in association with the Wool Research Organization of New Zealand.

 

Pakistan:  Survey of Corporate Debt Market

Performed a financial survey of the corporate debt markets inPakistanfor the International Finance Corporation.  Interviewed and analysed issuers of and investors in corporate debt.  Investigated the factors influencing supply and demand of debt instruments, local infrastructure (including trading, settlement, depository and intermediaries and many other factors), policies and practices, and the impediments to creating a strong capital market.  Evaluated current securitization market.  Reviewed local and international markets for securitized debt.  Provided recommendations to improve usefulness and depth of debt markets.

 

Philippines:  Fleet Financing

Assisted in structuring financing of the construction of a fleet of six new ships, with British ECGD credit guarantees, for a Philippine shipowner.

 

Sri Lanka:  Seafood Processing

Provided financial advice to Global Ocean Development, Inc., aUSbased client investigating the feasibility of investing in fish processing and the canning industry.  Negotiations with Ministry of Fisheries were well advanced until local civil unrest caused client to withdraw interest.  Funded by Bank ofAmericaand Global Ocean Development, Inc.

 

Taiwan: Importation of Foods and Medicines

Advised Taiwanese clients on importingNew Zealandagricultural products intoTaiwan.

 

Taiwan: Investment inNew Zealand

Advised numerous Taiwanese clients on investment opportunities inNew Zealand.

 

Taiwan: Yacht Exports

Reviewed investment opportunities in exportingTaiwanbuilt yachts to theUS.  Surveyed existing boat yards and designs.  Identified US investors and introduced to project.  Negotiated quality control with American Bureau of Shipping and Lloyd’s Register of theUK.

 

Thailand:  Seafood Processing

Provided financial advice to US based client investigating the feasibility of investing in Thai tuna canning industry.  A Global Ocean Development project.

 

Vietnam: Investment in Tire Factory

Identified and negotiated with a range of foreign investors interested in a direct investment inVietnam’s largest tire factory.  Later, was retained byVietnammotor car assembly plant to identify additional investors for the same tire factory.  Have subsequently, played a role in introducing that factory to investment opportunities inRomania.  An independent investment banking project.

 

Vietnam: Investigating the Viability of Upgrading the Cau Dien Foodstuffs Export Company

Admiralty International provided the financial specialist and business analysts in this project to assess the feasibility and methods to improve the standards of plant and equipment, buildings, organizational structure and product-market mix.  The report was used as the basis of attracting joint venture investment interest in the company.

 

Vietnam: Production and Export of Fruit

Developed  a pre investment study, in co-operation with Vegetexco, a state owned producer and exporter of fruits and vegetables.  Initial phase of the project will focus on increasing banana quality and post harvest techniques, and on developing and expanding export markets.  Funded by the New Zealand Government, Consult_AG, and Admiralty International.