Overall Production Process Of Mymun Textiles
.
Introduction Garments Industry is directly related with Textile, Spinning, Dyeing, Printing and knitting sectors. In Bangladesh there are 3,800 Garments factory and 1,920 buying houses and more or less near 20, 00,000 (Twenty Laces) people related with this sector. Bangladesh in not highly developed in garments sector for lacking of appropriate raw materials and modern technology. Bangladesh can improve in this sector gradually. A several number of modern garments industry introduces modern technology with computerized quality control systems which will turn this sector in golden future. Broad Objective The broad objective of this study is to find out the overall production process starting from raw materials to finished products. Specific Objective • To find out the Backward Linkages involved in Mymun Textiles. •
To know about the production process of Mymun Textiles.
•
To find out the exports of Finished Products of Mymun Textiles.
Limitation There is a certain boundary to cover this study. It was not possible due to shortage of time to cover each and every activity performed by the company. Like any other articles and theories, this study is not free from limitations. I have tried my level best to overcome these limitations through extensive study, hard and sincere devotion to the assigned duty. The major limitations were:
• The personnel and officials were very busy with their occupational activities. Hence it was little bit difficult for them to help within their high schedule.
• Relevant data and document collection were difficult due to the organization confidentiality. • Non availability of data in a systematic way. • Shortage of secondary data.
In spite of all these limitations I have tried to put the best effort as far as possible. Sources and methodology
The information incorporated in this report has been gathered from primary and secondary sources. Apart from this, a review of related circular and office circular as well as face-to-face interview of the executives, officials and clients were carried out. Primary Sources: •
Face-to-face interview with the respective officers and staff of the company
•
Informal conversation with the manufacturing workers.
Secondary Sources: • • •
Booklets and brochures of BATEXPO. Various books, periodical seminar papers, training papers, manuals, etc. related to the topic. Website of the respective company.
Organization Overview DBL Group: DBL Group is 100% export oriented knit garments manufacturing composite unit. It is the largest Vertical Composite knit garments Manufacturing & Exporting Industry in Bangladesh. The group is in business since 1991. DBL group also got the BATEXPO Export Award in 2005.DBL Group setting up a Composite Textile Industries consists of Knitting unit, Fabric Dyeing Finishing unit and Garments unit. The project will produce Knitted Fabric, beached Dyed finished Fabrics and Knitwear apparels like as T-Shirt and polo-Shirt in Garments section. The project has most modem and sophisticated machinery in the section of knitting for producing quality fabrics, most modern and sophisticated machinery also included in the dyeing finishing unit to produce quality product. Finally the fabrics will be using in the gram All the products undergo a stringent quality inspection procedures at each level of production process. The fabrics are Oeko-Tex certified. . The project will be a Composite unit consisting Knitting unit, Fabric dyeing & finishing unit and Garments unit. The product of spinning unit i.e. 2411, 26/1 & 30/1 combed or iMU/Iy.un 1* thf kisif uw material for knitting unit, Various kinds of Dyos and Chemicals like as Reactive Dyes, Salt, Caustic Soda, Soda ash, Wax, Hydrogen Per-Oxide, Detergent, Softener agent etc will be the basic raw material for its fabric dyeing and Finishing unit, which will be imported. The Dyed and Bleached fabrics are the basic raw materials of its Garments unit, which will be received from its dyeing and finishing unit.
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DBL Group at a glance Incorporation 17th February 1991 Corporate Office. 102 Green road Farmgate, Tejgaon Dhaka 1215 Bangladesh Telephone 9119694, 9127574, 112679, 8126871, 8126872 Fax 8126876 Email: dblgroup@bolonline.com Factory Sardagonj, Kashimpur, Gazipur Bangladesh. Telephone 77702062-68 Fax 7770260 Email: flamingo@dhaka.net Product Range T-shirts. Polo shirts, Vests, Tank tops, Skirts, Night wears, Trousers, Jackets etc. Buyers Name H&M, Wrangler, LEE, George, New Look, Carrefour, Decathlon, V.F.Asia, Disney, Cherokee, Western Store Spring field and others. Monthly Capacity 4 million pcs Employees 6000 Origin of Machineries Greece, Germany, Japan, Hong Kong, Taiwan, Switzerland, USA, South Korea, UK.
Member Units
DULAL BROTHERS LTD
FASHION CONCERN LTD
JINNAT APPARELS LTD
FLAMINGO FASHIONS LTD
JINNAT FASHIONS LTD
PARKWAY PACKAGING AND PRINTING LTD
MYMUN TEXTILES LTD.
HAMZA TEXTILES LTD
MATIN SPINNING MILLS
ATELER SOURCING LTD

DBL TELECOM LTD
Organogram of DBL Group:
The overall management of the company will be vested with the Board of Director. The Board of Director will be formulated company's policies & guide lines for its day to day business operations. The Managing Director will be the executive head who will look after the business affairs and other logistic supports of the company. However Managing Director will be assisted by the managerial and technical personnel who will be the directors of the company. ORGANIZATION CHART: Chairman Managing Directors Operative Director Finance Director Production Manager Production Personnel Maintenance Personnel Marketing Manager Assistant Manager Executive Marketing Commercial Manager Executive Commercial Manger Accounts Manager Assistant Manager Executive Junior Executive Trainee
Manger commercial
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Overall Production Process Yarn manufacturing process
Textile mills purchase cotton and receive the bales from gin yards or cotton warehouses. These mills start with raw bales of cotton and process them in 6
stage until they produce yarn (fibers twisted into threads used in weaving or knitting) or cloth (fabric or material constructed from weaving or knitting). The first stage is in the opening room. Here, bales are opened and laid in a line on the floor, side by side, near a cotton opening machine. This machine travels along the line of opened bales, puling fibers to be sent to a mixing machine and them on to the carding system. Carding is the process of pulling the fibers into parallel alignment to form a thin web. High speed electronic equipment with wire toothed rollers performs this task. The web of fibers is eventually condensed into a continues, untwisted, rope-like strand called a silver. These silvers then continue to a combing machine. Here, the fibers shorter than half-inch and impurities are removed from the cotton. This process makes the silver smoother so more uniform yarns can be produced. The drawing or pulling of this sliver is next. Cotton trivia khaki is derived from a Hindu word that means “dust color�. Originally, khaki referred to a dull yellow-brown cotton or wool uniform fabric used for its camouflage effect. The sliver is drawn out to a thinner strand and given a slight twist to improve strength, and then wound on bobbins (spools wound with the thread like product for storage). Having completed this process. It is now called roving. The roving bobbins are now ready for the spinning process. Spinning is the last process in yarn manufacturing. Today’s mills draw and twist the roving into yearn and place it on bobbins. They do this quite efficiently. A large, modern mill can produce enough yarn of thread in 30 days to wrap around the earth 23000 times or go to and return from the moon 235 times. With the use of automatic winding, the yarn bobbins are transferred to large bobbins called cheese cones can be stored until they are needed in the weaving process. . This yarn may now be either a warp or a weft yam. Warp refers to yarns that run lengthwise in woven goods. In preparation of warp yarns for weaving, hundreds of yarn strands are wound from cheese cones onto a large warp beam. Yearns on this beam are then coated with a sizing compound (a starch mixture) to add strength for weaving. The sized yarns are then wound onto a loom beam that will be placed on the
loom (a machine used to interlace yarns to from cloth). Weft is the yarn that runs crosswise in woven goods and may be referred to as filling yarn. Sizing is not placed on weft because flexibility is needed in the weaving process. In today’s most modern mills, the weft is fed into the loom from cheese cones with air-jets at such a high speed that its movement cannot be seen. The woven cloth from the loom, called greign or grey, is whitish but has a natural yellow tint. This cloth is further treated by various means to improve its appearance and feel, and then either bleached, dyed or printed to produce the fabrics used in various products seen on store shelves. There are three basic weaves that are used. The plain weave, the most common, is produced by passing the weft yarn over and under each warp yarn, alternating each row. This is used for cotton print cloth, sheeting, muslin and more. The twill weave is produced by interlacing yarns in an angle to form straight, diagonal ridges across the fabric. The satin weave, has a surface that consists mostly or warp yarn which is passed over and under all but one weft yarn that intersects in a regular or irregular formatting, not a straight line. This weave produces a fabric with a smooth surface. It is used for upholstery, home decorating and fashionable apparel.
Fabric manufacturing process Knitted Fabric
Knitting is one of the ways of turning thread or yarn into clothes. Knitted fabric completely consists of horizontal parallel courses (crosswise) or yarn. These courses are joined to each other by interlocking loops where a short loop of one course of the yarn is wrapped over the bight of another course. Knitted fabric is obtained either by hand knitting process or then by machine. In hand knitting process, a base series of twisted loops of yarn are made on a knitting needle before starting the process. A second needle is then used to reach through each loop in succession to snag a bight of yarn and pull a length back through the loop. Knitting by machine use a different mechanical system producing nearly identical results.
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Knitted fabric composites show higher impact tolerance compared to the traditional composites or even to woven fabric composites. It is believed that the hand knitting originated among the nomads of the Arabian Peninsula about 1000 BC. Types of knitted fabrics:
Weft knitted fabric-It is either made by hand or machine by looping together the lengths of the yearn. This supports the fabric to become stretchy and comfortable. Weft-knitted fabrics are used in socks, T-shirts and Jumpers. Warp knitted fabric- It is made by machine only. The loops, in this kind of fabrics interlock along the length of the fabric. It is only slightly stretchy and it does not ladder. These are used as swimwear, underwear etc.
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Advantages of Knit Wears : Because of casual and soft in nature as well as inherent good properties such as hygienic properties, fashionable design and color, knit wears have become the popular wear all over the world. Knit wears are informal but fashionable usually with short sleeves. Knit wears are commonly made of knitted fabrics of single jersey, Ribs, Interlock, etc due to the specifications in raw materials by using lower count of yam, construction of fabrics and stitching. Knit wears possess certain properties which are essential for good apparels; some special advantages of knitted-wears are given below:
1) Knit garment products are softer and more comfortable; 2) Knit wears/garments are usually used as underwear garments i.e. used for soft skin abrasion. 3) Usually lower count of yam is used for knitting fabrics.
So, knitwear has more socking capability. 4) More profitable production can be made due to lower project cost and cheaper management cost. 5) Knitting wears can be handled more easily while using and washing. , 6) Its market price is comparatively cheaper. Manufacturing process: For setting up Composite Industries consists of Knitting unit, Fabric Dyeing Finishing unit and Garments unit. The product of one unit will be the raw material of other unit: The sequential process from yam manufacture to Garments product may be described as follows! For Knitting Unit: Knitting machine is various types where various design produces. Fabrics will also be produce in the circular -Knitting machines by altering some attachments mainly changing of camas. Rib Knitting and Interlock (double Knitting) fabrics will be produces in the Rib circular and Interlock Knitting machine. Flat Knitting fabrics for collar and cuff will be 'produced in the flat Knitting machine. After the Knit fabrics are produced, it is inspected in running condition while passing over a table of the inspection machine. The technology involved in Knitted fabrics is fairly simple which may be seen in the following flow process chart:
Process Flow Chart Yarn storing in cone form Rib Knitting Circular Knitting Face side inside turning of the knitted fabrics 3.3 Fabric Dyeing and Finishing Unit
The technology involved in dyeing finishing of Knitted fabrics may be seen as below;
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Face side inside Turing of the Knitted fabrics Scouring /Bleaching Washing Bleached fabric (white)
Dying Ballooning & Squeezing/Hydro Extractor Drying and heat setting stuttering Calendaring/Softening Compacting & Shrinkage Controlling Inspection Folding & baling
Washing
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Garments Making ; The operation process with two outputs i.e. T-shirts and Polo shirts are pre-sewing and finishing. A typical process flow-chart for Garments making is shown below: Process Flow Chart for Garments Making Fabric Fabric lying on Layers & clipping Cutting of individual parts as per approved pattern Sorting & Bundling sizeable for mass sewing Sewing of collar, cuff Sleeve to shirt Sewing of size label, washing instruction, Brand label
Button holding & stitching (in case of Polo-shirt) Loose thread cutting/inspection Ironing (Finishing) Folding Packing in carton Ready for Export
3.4 Production Flow Chart Sampling Price Offer to buyer Order Confirmation Procurement of raw materials Stores Knitting Machines Grey Fabric quality control Grey Fabric quality control Grey Fabric Batch room Dyeing floor Dyeing winch Water squeezer Dryer Compactor Finish Fabric quality control Fabric stores Cutting floor Cutting quality control Sewing input Sewing output QC Table Ironing Folding/ Hangar Poly Assortment Carton Internal Inspection 16
Final Inspection by buyer Shipment
3.5 Garments quality Control Flow Chart
Received finish fabric Checking finish fabric Marker Laying Cutting Numbering Checking Bounding Cutting Quality Audit Input Enpost Measurement checking Table inspection Alter Rectification Sewing quality audit Iron Enpost checking for finishing Quality audit for workmanship Basic Measurement check Folding Poly/ Hangar Metal Detector checking Carton Carton quality audit Internal final inspection
Findings and Analysis Mymun Textiles Mymun textiles is a sister concern of DBL Group. In 1997, DBL Group entered the textile sector with its manufacturing facilities of cotton yarn. Combining modern technology with skilled manpower under DBL's unique inspiring, atmosphere, and this new DBL venture soon rose to the top of the local textile industry. Today it has one of the most sophisticated vertically integrated set-ups. DBL group first ventured into the textile sector with the establishment of the first unit of the Mymun Textile Ltd. in 1997. A year later the establishment of the second unit followed. 4.2 Vision Mymun textiles conception of the business germinates from other vision which sees it is as a means to the well being of the investors, stakeholders, employees and members of the society at large by creating new wealth in the form of goods and service that go to satisfy the wants of all of them without disturbing or damaging the socio-economic balance of the mother earth and that process of human civilization leading to peaceful co-existence of all the living beings. 4.3 Mission Mymun textiles mission is realization of vision through maximum production of goods and services strictly on ethical and moral standards at minimum costs to the society ensuring optimum benefits to the investors and other stakeholders.
SWOT ANALYSIS STRENGTH ♌ Goodwill of DBL group in the international market. 18
♦ High amount investment in machine and factory. ♦ No workers unrest because of location facility. ♦ Own dormitory for staff and workers. ♦ Sophisticated high-tech machinery’s used for production and Quality control. WEAKNESS ♦ Controlling and monitoring by the management has become tough. ♦ Lack of coordination among the different sectors. ♦ Investment in the telecom sector since no previous experience. OPPORTUNITY ♦ Huge scope for export. ♦ Operational efficiency. ♦ Provision for capacity expansion. THREAT ♦ Invasion of Indian yarn through black market. ♦ Unstable economic situation of our country. ♦ Unstable political condition. ♦ Raw cotton is not available in local market. ♦ Unstable price of Raw cotton in the international market Factory Details
CAPACITY Unit
1:
36,288
spindles
with
daily
production
capacity
Unit 2: 23,184 spindles with daily production capacity of 14,000 kgs. PRODUCTS Unit 1: Combed and Carded yarn from a count range of Ne. 10 to
of
30,000
kgs.
Ne. 80. Unit 2: Combed Ring Yarn from a count range of Ne. 20 to Ne. 40.
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Technical Details MACHINERY DETAILS
Name of Machines
Country of Origin
Back Process : Rieter-Switzerland (Blow room :: Carding :: Drawing :: Combing) Simplex / Fly Frame
: Toyota-Japan
Ring Frame
: Toyota-Japan
Autocone Winding
: Schlafhorst–Germany
QC Equipment
: Zellwegers Uster- Switzerland
Humidification Plant
: Luwa-Switzerland
Air-Cooling / Chiller 4.7 Yarn manufacturing process
: McQuay-USA
Mymun Textile ltd purchase cotton and receive the bales from gin yards or cotton warehouses. Then it start with raw bales of cotton and process them in stage until they produce yarn (fibers twisted into threads used in weaving or knitting) or cloth (fabric or Material constructed from weaving or knitting). His first stage is in the opening room. Here, bales are opened and laid in a line on the floor, side by side, near a cotton opening machine. This machine travels along the line of opened bales, puling fibers to be sent to a mixing machine and them on to the carding system. Carding is the process of pulling the fibers into parallel alignment to form a thin web. High speed electronic equipment with wire toothed rollers performs this task. The web of fibers is eventually condensed into a continues, untwisted, rope-like strand called a silver. These silvers then continue to a combing machine. Here, the fibers shorter than half-inch and impurities are removed from the cotton.
This process makes the silver smoother so more uniform yarns can be produced. The drawing or pulling of this sliver is next. Cotton trivia khaki is derived from a Hindu word that means “dust color�. Originally, khaki referred to a dull yellow-brown cotton or wool uniform fabric used for its camouflage effect.
The sliver is drawn out to a thinner strand and given a slight twist to improve strength, and then wound on bobbins (spools wound with the thread like product for storage). Having completed this process. It is now called roving. The roving bobbins are now ready for the spinning process. Spinning is the last process in yarn manufacturing. Today’s mills draw and twist the roving into yearn and place it on bobbins. They do this quite efficiently. A large, modern mill can produce enough yarn of thread in 30 days to wrap around the earth 23000 times or go to and return from the moon 235 times. With the use of automatic winding, the yarn bobbins are transferred to large bobbins called cheese cones can be stored until they are needed in the weaving process. The weaving process uses yarn that, depending on how it lies in the woven goods. This yarn may now be either a warp or a weft yam. Warp refers to yarns that run lengthwise in woven goods. In preparation of warp yarns for weaving, hundreds of yarn strands are wound from cheese cones onto a large warp beam. Yearns on this beam are then coated with a sizing compound (a starch mixture) to add strength for weaving. The sized yarns are then wound onto a loom beam that will be placed on the loom (a machine used to interlace yarns to from cloth). Weft is the yarn that runs crosswise in woven goods and may be referred to as filling yarn. Sizing is not placed on weft because flexibility is needed in the weaving process. In today’s most modern mills, the weft is fed into the loom from cheese cones with air-jets at such a high speed that its movement cannot be seen. The woven cloth from the loom, called greign or grey, is whitish but has a natural yellow tint. This cloth is further treated by various means to improve its appearance and feel, then either bleached, dyed or printed to produce the fabrics used in various products seen on store shelves. There are three basic weaves that are used. The plain weave, the most common, is produced by passing the weft yarn over and under each warp yarn, alternating each row. This is used for cotton print cloth, sheeting, muslin and more. The twill weave is produced by interlacing yarns in an angle to form straight, diagonal ridges across the fabric. The satin weave, has a surface that consists mostly or warp yarn which is passed over and under all but one weft yarn that intersects in a regular or irregular formatting, not a straight line. This weave produces a fabric with a smooth surface. It is used for upholstery, home decorating and fashionable apparel. Knitting is another method of turning yarn into fabric. 22
Knit fabric is constructed of yarns made into loops (stitches) which are linked together by the use of needles. There are two basic types of knitted fabric. The weft knit fabrics are made with yarns forming loops the width of the fabric on a circular machine, producing jersey knit used in T-shirts and underwear. The warp knit fabrics are produced by feeding yarns to form loops in a lengthwise direction and are used for tricot fabrics and cotton lace. Knitted fabrics are softer and more flexible than woven fabrics. Making them ideal for sweaters, active sportswear and hosiery. 4.8 Import analysis
Mymun Textiles Ltd is a 100% export oriented Yarn manufacturing company. They mainly produce Yarn and export it to Fabrics manufacturing company and fabrics manufacturing company export it to garments industry through Back to back L/C and garments Garment industry export this fabrics against master L/C after certain process in this sense Mymun Textiles Ltd is Exporter of yarn. But in the commercial term these kinds of exporter are called deem exporter. As main job of Mymun Textiles Ltd is to manufacturing and exporting of Yarn so they need some raw materials and axillaries to manufacturing this product. Main raw materials of Mymun Textiles Ltd are various types of raw cotton. As DBL is a vertical integrated company. So they have forward and backward linkage facility e, i. they have fabrics manufacturing company and they have garments manufacturing company. Fashion Concerns Ltd, Flamingo Fashions Ltd & Jinnat Fashions Ltd get 100% L/C from their own garments Industry and Mymun Textiles ltd get 75% L/C from their own company Fashion Concerns Ltd, Flamingo Fashions Ltd & Jinnat Fashions Ltd and another 25% get from other company. So that the buyers of Fashion Concerns Ltd, Flamingo Fashions & Jinnat Fashions Ltd Others garments industry are the ultimate buyers of Mymun Textiles Ltd. MymunTextiles Ltd mainly procure their raw cotton by 100% cash L/C. Local Backward Linkage As Mymun Textiles Ltd. is a largest finest yarn manufacturing company of Bangladesh so they need various type of raw cotton. But we cannot produce high quality of raw cotton in our country so we 100% depend on imported cotton so as Mymun Textiles. Local backward linkage is nil. Foreign Backward Linkage
We know that to produce high quality of yarn we need high quality of raw cotton. High quality of raw cotton means which cotton existing length fiber is long and fibers are matured. To produce high quality of raw cotton mainly needs favorable weather condition but we do not have such weather In Bangladesh.. So ultimately we depend fully on imported raw cotton for our textiles mills. Mymun Textiles Ltd mainly procure central Asia’s cotton i.e. Uzbekistan’s, Turkmenistan’s, Kazakhstan’s, and Tajikistan’s raw cotton as per their buyers satisfaction. Since the price of central Asia’s raw cotton are higher than the others cotton, therefore Mymun Textiles also procure raw cotton from Zimbabwe, Syria, USA, India, West African, Indonesia, and Thailand etc through cash L/C. Direct Export Direct export of Mymun Textiles Ltd is so little because they import 100% raw cotton from abroad so their yarn price is higher than the others country’s they do not export it to foreign countries rather they sell it to their sister concerns Fashion Concerns Ltd, Flamingo Fashions & Jinnat Fashions Ltd and the remaining to other garments manufacturing companies in Bangladesh. Local Export As a deem exporter Mymun Textiles Ltd export their 75% yarn to their own sister concern Fashion Concerns Ltd, Flamingo Fashions & Jinnat Fashions Ltd and balanced yarn they export to the others textiles industry through back to back L/C. . Square Fashions ltd and others garments company have strong marketing tem they visit all over the world to market their product to world class buyer like Puma, Nike, Asda, Matalan. Allmart, Mark & Spencer, Kitaro, Redfield, H&M, Ashcity, Mexx etc Mymun Fashions Ltd and others garments company Mainly collect L/C from those world class buyer and Fashion Concerns Ltd, Flamingo Fashions & Jinnat Fashions Ltd give L/C to Jinnat Apparels Ltd and others garments company give L/C to another Fabrics manufacturing company to collect fabrics. As well as Fashion Concerns Ltd, Flamingo Fashions & Jinnat Fashions Ltd and others textiles mills give L/C to Mymun Textiles Ltd to collect yarn for producing fabrics. As Mymun Textiles is a deem exporter so the export their yarn to Fashion Concerns Ltd, Flamingo Fashions & Jinnat Fashions Ltd and others textiles industry and others textiles company export their fabrics to Square Fashions and others garments industry and garment companies are direct exporter so in this sense Mymun Textiles Ltd is 100 % export oriented yarn manufacturing company. Square Textiles Ltd also sale a little portion of yarn in locally which
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is produce by wastage cotton. These types of yarn are “B” Grade and it is not meet the export quality.
Fig: Total sales in Thousand (Taka) Company Policies Mymun’s policy is always different from the others companies policy. So Mymun Textiles follow some technique to increase their export. Like in production they use heterogeneous system to create a big lot i.e. as same quality of cotton they mix as bellow: Uzbekistani’s Cotton
2 Bells
US Cotton
1 Bell
Syrians Cotton
2 Bells
West African’s Cotton
3 Bells
Indonesia’s Cotton
1 Bell ____________ Total 9 Bells
Mymun Textiles create a big lot 90 tons to 100 tons, since big customers always prefer to use same lot of yarn to get better result in dyeing and there no shade variation for their big production. Mymun Textiles always try to produce same quality of yarn through out the year for this reason buyers always prefer Mymun textile’s Yarn but others company follow general system Where they use Same cotton i.e. When they use Uzbek cotton then they use only Uzbek cotton. Mymun Textiles Ltd follows another technique is that they always try to meet customer’s shipment on due date but on the other hand others company always cannot do that. So Mymun Textile’s sales are always increasing.
Market Share Mymun Textiles Ltd Padma Textiles Ltd. Square Textiles Ltd. Mother Textiles Ltd. Prime textiles Ltd. Others
30% 25% 20% 15% 05% 05%
Total
100%
Fig: Market Share Financial Statement MYMUN TEXTILES LTD. INCOME STATEMENT For the year ended 31 December 2007.
AMOUNT IN TK. 2008 Sales Less: Cost of Goods Sold Gross Profit:
2007
210, 26, 70,263 173, 70, 55,759 36, 56, 14,504
178, 90, 18, 386 150, 02, 81, 590 28, 87, 36, 796
Less: Operating and Financial expenses Operating Income
17, 55, 24,220 19, 00, 90,284
19,78,35,510 9,09,01,286
Other Income Net Profit before WPPF
2, 25,844 19, 03, 16,128
6,63,215 9, 15, 64,501
Allocation For WPPF & WF Net Profit Before Tax
90,62,673 18,12,53,455
43,60,214 8,72,04,287
1, 33, 59,728 16, 78, 93,727
57, 51,014 8, 14, 53,273
Less: Provision for Income Tax Net Profit for the Year
MYMUN TEXTILES LTD. BALANCE SHEET As at 31 December 2008. AMOUNT IN TK. 31-12-2008 26
31-12-2007
NET ASSETS: Fixed Assets
121, 73, 31,766
Current Assets: Stocks 32, 90, 15,503 Trade Debtors 84, 00, 66,283 Adv. Deposits & Payments 4, 66, 13,570 Cash & Bank Balances 6, 83, 69,954 250, 13, 97,076
132, 66, 42,613 25, 05, 79,314 74, 68, 96,100 4, 88, 12,438 91, 24,736 238, 20, 55,201
LIABILITIES: Current Liabilities: Short Term Loan 113, 01, 54,432 Long Term Loan-Current Portion -----Sundry Creditors 7, 08, 81,052 Liabilities For other Finance 4, 73, 56,925 Provision for Income Tax 1, 91, 10,742 126, 75, 03,151
99, 75, 36,568 11, 28, 97,588 5, 84, 02,645 3, 95.84.188 ___ 57, 51,014 121, 41, 72,003
FINANCED BY Capital Tax Holiday Reserve General Reserve & Surplus
25, 19, 00,000 33, 96, 71,397 64, 23, 22,528 50, 13, 97,076
25, 19, 00,000 29, 69, 28,100 59, 77, 80,098 238, 20, 55,201
Ending Summary Mymun Textiles Ltd. is one of the largest companies in the textile sector of the country. It has a most modern and sophisticated equipment with a group of professional peoples who posses a high standard of technical know how. This company produces a high quality of yarn of which 75% is exported to its sister concern Fashion Concerns Ltd, Flamingo Fashions & Jinnat Fashions Ltd and 25 % to other companies in Bangladesh and this has been possible as the company is very conscious in maintaining the high standard of quality. Presently the company’s progress is upwards. Finally we can say this company has set a milestone in the textile sector in the country.
Conclusion Mymun Textiles Ltd. has reached to its present stable and profitable position due to its operational activities in the right way managed by a group of professional and technical experts. The company’s people are well motivated and working under a healthy congenial environment. Here all facilities are available for smooth operations of the company. On the other hand the company is contributing to the national economy by employing a lot of people and earning foreign currency for which we feel proud for having such a company in our country.
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