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Business
Competitive Strengths
Operation Mode
Auction Houses
Future Plans and Prospects
Buyer’s number

Quality Control

  • The Auction Houses will issue product catalogues and provide samples as showbundles for buyers’ inspection usually 4-5 days prior to each auction
  • The fur skins for sale in the auctions are more or less secured by the grading procedures carried out by Auction Houses and sorted in accordance with the quality criteria, including colour, type and gender
* The buyer’s numbers are not subject to renewal and expiration and cannot be transferred to another party unless prior consent of the Auction Houses is obtained

Kopenhagen Fur (“KF”)

  • It is owned by Danish Fur Breeders
  • KF has been in business for over 75 years
  • One of the major auction houses for selling of farmed minks in Europe
  • A significant portion of farmed minks of the world were sold here
  • Holds 5 annual auctions in February, April, June, September and December
  • 110 registered buyers with KF in July 2011
  • Denmark is the largest producer of mink pelts in Europe
Advantage of UKF in KF
  • Over 26 years’ business relationship
  • Obtained registered buyer’s number
    278 since 1986
  • Shares latest market information
  • Has leased office area in the auction centres in Denmark
  • Participates and bids in the Auctions without placing any deposit or initial deposit of 25%
  • 21-day interest free credit pe

Saga Furs (“Saga”)

  • The only publicity listed company of its kind
  • Saga has been in operation for over 70 years A major auction house for selling of farmed foxes in Europe
  • A significant portion of farmed foxes of the world were sold
  • Holds 4 annual auctions in March, June, September and December
  • 420 registered buyers with Saga in July 2011
  • Finland is the largest producer of fox pelts in Europe
Advantage of UKF in Saga
  • Over 16 years’ business relationship
  • Obtained registered buyer’s number 151
    since 1996
  • Shares latest market information
  • Has leased office area in the auction centres in Finland
  • Participates and bids in the Auctions without placing any deposit or initial deposit of 35%
  • 21-day interest free credit period

North American Fur Auctions (“NAFA”)

  • NAFA is wholly owned by four producer groups
  • NAFA was formerly known as Hudson’s Bay Company which started the trade over 340 years
  • The largest auction house in North America
  • Holds 2 annual auctions in February and May each year
  • 600 registered buyers with NAFA in January 2013

American Legend Cooperative (“ALC”)

  • ALC is a business found, capitalised, owned and operated by mink producers from the United States and Canada
  • ALC has been in operation for over 100 years
  • Owner of two world renowned brands: Blackglama and American Legend
  • Holds 2 annual auctions in March and May
  • 350 registered buyers with ALC in January 2013

 

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