International Finance

Group Members NameUmair Ashraf (s2f14mcom0047)Ahmad Yaseen (s2f14mcom0037)Sufyn Shah (s2f14mcom0031)

Master in Commerce3rd

(Accounting And Finance)

2

Rahim Textile Mills Limited

History• Year of Incorporation: 31 December,

1981• Year of Commencement of Production: 01 July, 1987• Year of Initial Public Offering (IPO): 1988• Stock Exchange listing date: 29 March,

1988• Awarded Oeko-Tex Certificate: 20.09.2010• Authorized Capital: Tk.500 Million• Paid Up Capital: Tk.34.685

Million• Product Lines: Dyeing, Printing of

Woven & Knit Fabrics• Number of Shareholders (30th June 2015) : 2641• Number of Employees (30th June 2015) : 423

Future Direction• The Members of the Board of Directors have strong international

educational backgrounds in Textile Technology and Management. They are the pioneers of textile growth in Bangladesh and played direct roles in all the policies and technical development of textile and clothing industry. The Board works at policy level including development taking into consideration the global business scenario.

The Senior Management Team consists of a group of highly qualified and very well trained professionals who run the units with extreme efficiency, optimizing productivity, minimizing loss and wastages and dealing with all personnel in the lawful manner.

Vision We view business as a means to the material and

social well being of the investors, employees and society at large, leading to accretion of wealth through financial and moral gains as a part of the process of the human civilization.

Mission Our mission is to produce and provide world class

textile and garments products and services and position the country in the higher value segment in the international market.

Objectives Our objectives are to conduct transparent business

operation based on market mechanism within the legal & social frame work with aims to attain the mission reflected by our vision.

Quality Policy Rahim Texile Mills Ltd. is committed to be a

provider of world class textile products and services by offering unrivalled quality and satisfying the customers. The Company is committed to avoid use of dyes and chemicals those are health hazard and harmful for the mankind and environment.

RAHIM TEXTILE MILLS LIMITED All Amount in Taka

Years SalesAnnual growth

of salesCost of goods

soldAnnual growth

of CGS

2010378791393

315129325

2011409222369

0.080337031340110548

0.079272924

2012470214354

0.149043624402062815

0.182153324

2013572483346

0.217494407489388934

0.217195214

2014575292598

0.004907133505082052

0.032066761

2015598621652

0.045657758506311834

0.034579654Average annual

growth rate0.104275731 Average annual

growth0.116498738

years sales forecast CGS forecast Cash Flows

2016 661043362.1 565296523.8 95746838.23

2017 729974141.6 631152855.6 98821285.94

2018 806092728.4 704681367 101411361.5

2019 890148636.6 786775857.1 103372779.5

2020 982969535.9 878434251.8 104535284.1

Cash Flows Schedule (BDT 1=PKR

1.33)

Particulars Year 0 Year 1 Year 2 Year 3 Year 4 Year 5Initial

Investment 190954365

cash inflows 95746838.23 98821285.94 101411361.5 103372779.5 104535284.1Exchange

Rate 1.33 1.33 1.33 1.33 1.33 1.33translated amount 253969305.5 127343294.8 131432310.3 134877110.8 137485796.7 139031927.9Rate of Return 17.00% 17.00% 17.00% 17.00% 17.00% 17.00%

Discounting 1.17 1.17 1.37 1.6 1.87 2.19Present value 217067782.4 108840422.9 95935992.92 84298194.25 73521816.44 63484898.56

Total Present value

317240902.2

NPV 100173119.7

Mozaffar Hossain Spinning Mills Limited

Mozaffar Hossain Spinning Mills Limited produces and sells woven fabrics cotton yarn in Bangladesh and internationally. The company was formerly known as Mozaffar Hossain Textile Mills Limited and changed its name to Mozaffar Hossain Spinning Mills Limited in December 2011. The company was incorporated in 2005 and is headquartered in Dhaka, Bangladesh. Mozaffar Hossain Spinning Mills Limited is a subsidiary of SIM Fabrics Limited

Mozaffar Hossain Spinning Mills Ltd.

• Established in : 2006• Production Capacity : 15.00 ton/day• Machinery Profile: Blow room, carding,

drawing, rotors.• Product Range: 6-20 ne

Mozaffar Hossain Spinning Mills Limited(All Amount in Taka)

years salesannual growth

of salescost of goods

soldannual growth

of CGS

2010442588794

345393446

2011638921387

0.443600461488294678

0.413734637

2012738494616

0.155845822558078030

0.142912375

2013850511230

0.151682371642505152

0.151281931

2014982322640

0.154979035741703624

0.154393271

20151134470479

0.154885811856214279

0.154388696

Average annual growth rate 0.123478608

Average annual growth 0.120595254


2016 1274553314 959469657.8 315083656.6

2017 1431933383 1075177145 356756238.1

2018 1608746524 1204838407 403908117.5

2019 1807392306 1350136201 457256104.6

2020 2030566591 1512956220 517610371.8

Cash Flows Schedule (BDT 1=PKR 1.33)



Cash inflows 315083656.6 356756238.1 403908118 457256104.6 517610371.8

Exchange Rate 1.33 1.33 1.33 1.33 1.33 1.33

Translated amount 1615585396 419061263.3 474485796.7 537197796 608150619.1 688421794.5

Rate of Return 13.70% 13.70% 13.70% 13.70% 13.70% 13.70%

Discounting 1.137 1.137 1.292 1.469 1.671 1.9

Present value 1420919434 368567513.9 367249068.6 365689446 363944116.8 362327260.3Total

Present value

1459209892

NPV 38290457.73

Hamid fabrics limited

• Established in 1996, Hamid Fabrics Ltd. stormed into the country's textiles industry with one of the most sophisticated and advanced set of textile machineries in the region. The weaving unit (Hamid Fabrics Litd Unit-1) has 120 Ishikawa (Japan) rapier looms. The Dyeing and Finishing Unit (Hamid Fabrics Ltd. Unit-2) incorporates German & Japanese machinery of Kusters, Bruckner, Kyoto, Monforts etc

• Our in-house modern lab testing facilities assist the production of quality products. As a result, with a combined capacity of about 30,000,000 yards per year, and with supreme commitment to quality, the textile division of Mahin Group boasts the reputation of being the unrivalled market leader in terms of quality of materials and end products, and therefore has established itself as one of the most reliable player in Bangladesh textile industry.

• At Mahin Group, our vision is to operate on a global scale. Based in Bangladesh, our products are being used by customers worldwide. We stress on the importance of maintaining quality in our diverse product and service portfolios.

• Since its establishment in 1993, the core activity of the group is to manufacture and export textile fabrics. An investment of over $90m has been made in this division alone. It also has extensive investments in the financial and real estate sectors of the country.

Hamid Fabrics Limited All Amount in Taka

years salesannual growth of sales

cost of goods sold

annual growth of CGS

20101261784245

1031559947

20111696890801

0.3448343551397622866

0.354863447

20121391252956

-0.18011639878959262

-0.37110412

20132120482277

0.5241529361486805020

0.691551684

20142198620623

0.0368493281536430904

0.033377533Average annual growth rate 0.95221468 Average annual

growth0.088486274


2016 2407976507 1672337858 735638649.5

2017 2637267566 1820266634 817000931.9

2018 2888392056 1981280639 907111417.1

2019 3163428988 2156537342 1006891646

2020 3464655342 2347296601 1117358741

Cash Flows Schedule (BDT 1=PKR

1.33)



cash inflows 735638649.5 817000931.9 907111417 1006891646 1117358741

Exchange Rate 1.33 1.33 1.33 1.33 1.33 1.33translated amount 3038599917 978399403.8 1086611239 1206458185 1339165889 1486087126

Rate of Return 15.00% 15.00% 15.00% 15.00% 15.00% 15.00%

Discounting 1.15 1.15 1.32 1.52 1.74 2.01

Present value 2642260798 850782090.3 823190332.9 793722490 769635568 739346829Total Present

value3125895220

NPV 483634422.3

Textile sector in Bangladesh:

• The textile industry has played an important role in Bangladesh’s economy for a long time.Currently, the textile industry in Bangladesh accounts for 45 percent of all industrial employmentand contributes 5 percent to the total national income. The industry employs nearly 4 millionpeople, mostly women.

• A huge 78 percent of the country’s export earnings come from textiles and apparel, accordingto the latest figures available. Bangladesh exports its apparel products worth nearly $5 billionper year to the United States, European Union (EU), Canada and other countries of the world.

• It isthe sixth largest apparel supplier to the United States and EU countries.

• Major products exported from Bangladesh include polyester filament fabrics, man-madefilament mixed fabrics, PV fabrics, viscose filament fabrics and man-made spun yarns. Majorgarments exported include knitted and woven shirts and blouses, trousers, skirts, shorts, jackets,sweaters and sportswear, among other fashion apparel.

A Picture Of Bangladesh’s Textile Industry

• Bangladesh’s textile industry can be divided into three main categories:

public sector; handloom sector; and the organized private sector. The private sector is the fastest growing sectorin the country.

• The handloom industry provides employment for a large segment of the population ofBangladesh and supplies a large portion of the fabric required by the local market.

• Mahmud E. Alam, managing director, Famano Textile Mills Ltd., said about 20 percent of existing mills in Bangladesh are large-scale mills, roughly 30 percent are medium-scale mills, andthe remaining 50 percent are small-scale mills. Alam said the number of spinning mills in the country is increasing day-by-day.

• The textile quotas under the Multi-Fiber Arrangement of January 2005 have been moderate in Bangladesh and the industry is divided on their impact. While industry analysts say Bangladesh’s garment and textile manufacturers will have to face steep competition from countries such as India, Pakistan, China and Thailand as a result of new policies, the textile companies see no impact on their business.

• Combined, the textile and apparel sectors consist of 3,600 firms. There is a concentration of manufacturing activity in and around the capital city of Dhaka and a growing garment manufacturing presence in the country’s export processing zones.

• Bangladesh Textile Mills Association Secretary General Taufiq Hasan said that because textiles and ready-made garments are the two largest export sectors and employers in Bangladesh, government support will continue and there are no restrictions on repatriation of profits and investment or tax-free imports of machinery and raw materials for export. The government also is liberal toward work permits.

• According to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the total fabric requirement in the captive market is about 3 billion yards, of which roughly 85 to 90 percent is imported from countries such as China, India, Hong Kong, Singapore, Thailand, Korea, Indonesia and Taiwan. Fabric demand is increasing at the rate of 20 percent per year.

• Although the industry is one of the largest in Bangladesh and is still expanding, it facesserious problems, principally because the country does not produce enough of the raw materials necessary for the industry to expand. The primary materials used in the spinning sector are raw cotton and man-made fibers such as viscose and polyester staple fibers. Unfortunately, none of these raw materials are produced in Bangladesh.

• Most spinning mills in Bangladesh produce low-grade yarn. Available figures show that current yarn production satisfied only 22-percent of the total yarn demand. In spite of this drawback, as many as 116 new spinning mills, each having the capacity of 25,000 spindles, will be established in the near future.

• The weaving sector also is plagued by a lack of organization and coordination. The existing weaving capacity in Bangladesh can meet only about 40 percent of fabric demand; the rest is imported. However, the increasing trend of expansion in the weaving sector is clear from the fact that 223 modern weaving plants, each with an annual capacity of 10 million meters, will be se up in the near future.

International Finance

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