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.
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:
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 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.
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.
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;
Face side inside
Turing of the Knitted fabrics
Scouring /Bleaching
Washing
Bleached fabric (white)
Dying Washing
Ballooning & Squeezing/Hydro
Extractor
Drying and heat setting stuttering
Calendaring/Softening
Compacting & Shrinkage Controlling
Inspection
Folding & baling
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
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.
¨ 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 of 30,000 kgs.
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
Ne. 80.
Unit 2: Combed Ring Yarn from a count range of Ne. 20 to Ne. 40.
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 : McQuay-USA
4.7 Yarn manufacturing process
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. 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 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 30%
Padma Textiles Ltd. 25%
Square Textiles Ltd. 20%
Mother Textiles Ltd. 15%
Prime textiles Ltd. 05%
Others 05%
Total 100%
Fig: Market Share
Financial Statement
MYMUN TEXTILES LTD.
INCOME STATEMENT
For the year ended 31 December 2007.
AMOUNT IN TK.
2008 2007
Sales 210, 26, 70,263 178, 90, 18, 386
Less: Cost of Goods Sold 173, 70, 55,759 150, 02, 81, 590
Gross Profit: 36, 56, 14,504 28, 87, 36, 796
Less: Operating and
Financial expenses 17, 55, 24,220 19,78,35,510
Operating Income 19, 00, 90,284 9,09,01,286
Other Income 2, 25,844 6,63,215
Net Profit before WPPF 19, 03, 16,128 9, 15, 64,501
Allocation For WPPF & WF 90,62,673 43,60,214
Net Profit Before Tax 18,12,53,455 8,72,04,287
Less: Provision for
Income Tax 1, 33, 59,728 57, 51,014
Net Profit for the Year 16, 78, 93,727 8, 14, 53,273
MYMUN TEXTILES LTD.
BALANCE SHEET
As at 31 December 2008.
AMOUNT IN TK.
31-12-2008 31-12-2007
NET ASSETS:
Fixed Assets 121, 73, 31,766 132, 66, 42,613
Current Assets:
Stocks 32, 90, 15,503 25, 05, 79,314
Trade Debtors 84, 00, 66,283 74, 68, 96,100
Adv. Deposits & Payments 4, 66, 13,570 4, 88, 12,438
Cash & Bank Balances 6, 83, 69,954 91, 24,736
250, 13, 97,076 238, 20, 55,201
Liabilities:
Current Liabilities:
Short Term Loan 113, 01, 54,432 99, 75, 36,568
Long Term Loan-Current Portion —— 11, 28, 97,588
Sundry Creditors 7, 08, 81,052 5, 84, 02,645
Liabilities For other Finance 4, 73, 56,925 3, 95.84.188
Provision for Income Tax 1, 91, 10,742 ___ 57, 51,014
126, 75, 03,151 121, 41, 72,003
Financed By
Capital 25, 19, 00,000 25, 19, 00,000
Tax Holiday Reserve 33, 96, 71,397 29, 69, 28,100
General Reserve & Surplus 64, 23, 22,528 59, 77, 80,098
50, 13, 97,076 238, 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.