PROJECT PROFILE
M/S. HASAN TEXTILE AND
PROCESSING INDUSTRIES LTD.
 |
(Picture of the Industries)
In Presentation : MD. WALIUR RAHMAN
Managing Director
General side of the Project
(1) Name of the Project : M/S. Hasan Textile Processing Industries Ltd.
(2) Location of the Project : Plot No.- S-5, BSCIC Industrial Area, Narsingdi.
(3) Type of Ownership : Limited Company
(4) Industrial Head : Cloth Sub-Head Gray – Cloth
(5) Total Project Cost A) Permanent Capital 58.01
B) Current Capital 12.40
Total 70.41 Lac Taka
(6)
Employment creation of the Project :
A)
Related to the production 34 Persons
B)
Administrative 04
Persons
Total 38 Persons
(7)
Using power of the Project 1st Year 2nd Year 3rd Year
60% 70% 80%
Total Sale 153.00 178.50 204.00
Production cost 123.50 141.24 158.94
Administrative & Sale cost 2.61 3.15 3.69
Operating Profit 26.89 34.11 41.37
Net Profit 18.35 24.06 29.77
Net Profit to Sales 12%
13% 15%
Permanent Investment Return 32% 41% 51%
Total Investment Return 26% 34% 42%
Break Even Sales - - 78.35
Break Even Power - - 49%
(8) Description of
Initiation : The project is a limited company and all the directors of this
company are the inhabitants of Narsingdi District. It can be said as like to
the side of the experience, this Industry has been achieved by them through the
heir ness. Because there has been established of Textile Industry from most
ancient period. There are established two or four textile set up near about in each of house in this locality
which means that only of the livelihood means of this locality to the peoples is the means of this textile
industry. On the other, all the directors of this company are engaged near
about 20 years in active to this textile mills operation and as such, they have
gathered sufficient experience to the relevant lines.
(9)
Bio-Data of the Directors including
addresses:
(A) |
Alhaj A. K. M. HasanS/o. Late Munsi Abbas Ali
Satirpara,
Narsingdi
Nationality
– Bangladeshi
|
He is engaged as the Chairman of the Company. |
|
|
|
|
(B) |
Md. Waliur RahmanS/o. Alhaj A. K. M. Hasan
Satirpara,
Narsingdi
Nationality – Bangladeshi |
He is engaged as the Managing Director of the Company |
|
|
|
|
(C) |
Md. Khalulur RahmanS/o. Alhaj A. K. M. HasanSatirpara, Narsingdi
Nationality
– Bangladeshi
|
He is engaged to the Director of the company. |
|
|
|
|
M/S. Hasan Textile - 2
(D) |
Md. Habibur RahmanS/o. Alhaj A. K. M. HasanSatirpara, Narsingdi
Nationality
– Bangladeshi
|
He is engaged as the Director of the company |
|
|
|
|
(E) |
Md. Motiur RahmanS/o. Alhaj A. K. M. HasanSatirpara, Narsingdi
Nationality
– Bangladeshi
|
He is engaged as the Director of the Company |
|
|
|
|
(F) |
Mrs. Asia BegumW/o. Alhaj A. K. M. HasanSatirpara, Narsingdi
Nationality
– Bangladeshi
|
She is engaged to the Accounts Section of the company. |
M/S. Hasan Textile - 3
Technical side of the Project
(A) Introduction
: The proposed proposal is in a
position to starting up at present in the own place at Satirpara. There have
been at present 40 numbers of Power Loom and 3 Nolly Machines of the project.
There will be ended for the construction work of the Plot No. S-5 in the
Industrial Plot and the Project shall be transferred to the Industrial Plot.
(B) Production
Capacity : In the 100% Production Capacity, there will be worked on
shift in each and by which shift 8 hours
and acquainted 300 numbers of
working day in yearly and as such the final account has been made.
|
SL.
|
Name of the Produced Goods
|
Quantity
|
Unit Price
|
Total Price
|
|
1.
|
Gray-Cloth Production
|
1500000 Yards
|
17/-
|
25500000/-
|
|
|
1st Year
|
2nd Year
|
3rd Year
|
|
Use
of the Production Capacity
|
60%
|
70%
|
80%
|
|
Value
of produced goods in used capacity(taka in lac)
|
153.00
|
178.50
|
204.00
|
(C) Production Process and Flow-Shirt:
Raw-Material
Loom
Cloth Production
Storing
Marketing
M/S. Hasan Textile - 4
(D) Implementation facility of the project :
1) Land :
1.1 Area : The project is situated in the BSCIC Industrial City Plot No. S-5 of Narsingdi and the amount of
the Land is 9000 sq.ft. and there have been made proposal to transfer. There is
also present for all infra-structure chance-facilities to set up Industry in
this Industrial City.
1.2 Amount
of the Land : There is needed near about 9000 sq.ft. land for smooth
implementation of the project and as such the entrepreneur have already
collected the same by this period through the hand over of ownership. The
present BSCIC price, the value of the said land is near about 2.50 lac taka.
1.3 Communication arrangement: The BSCIC Industrial City is
situated within a beautiful environment
by the side of the Dhaka
Sylhet High Way. This Industrial
City stands distance from the Dhaka City
about 54 K.M. only. There is communicated with all the parts of the country by
Road and Railway from Narsingdi with broad ways. Besides, there is also
communicated with River Ways.
On the other side, there is started position to the communication of
Electricity, Telephone and Gas Connection with the Industrial City.
M/S. Hasan Textile - 5
2. Necessary buildings of the Project :
|
2.1 Principal
Factory Building
|
:
|
96’-ox66’-0’ = 6336 Sq.ft.
|
|
2.2. Goods Godown and Office Room
|
:
|
33’-ox15’-0’=495 Sq.ft.
|
The above mentioned structure is
now at present in the stage of
uncompleted. The entrepreneur has already taken of all the necessary step for completion of the
uncompleted structure. Construction of the Building and Electrification to the built building and
including it, if be counted the rate of each sq.ft. Semi Pucca Trace Building
of 300/-, there will occurred for the cost in total 20,49,300/- (Twenty Lac
forty nine thousand three hundred) for the construction of the buildings.
3. Necessary Machineries of the
Project :
There have been in the running position about 150 Power
Looms at present in the Satirpara Residential Area. As the aforementioned is
situated in the Residential Area and as not adjusted the place of the project,
there will transferred to the Industrial City about 3 Nolly Machine including
40 Numbers of Power Loom Machine. The above mentioned Power Loom and Nolly
Machine of its Market Rate and total value is herewith given below:
M/S. Hasan Textile - 6
|
SL.
No.
|
Description of the
Machineries
|
Number |
Unit Price |
Total Price |
|
1.
|
65” Size Power Loom which
is manufactured in Bangladesh and including 2 Horse Power base Electric
Motors with each Power Loom
|
40 Nos. |
60,000/- |
2400000/-
|
|
2.
|
Nolly Machine including
Electric Motors about 2 Horse Power which is made in Bangladesh.
|
3 Nos. |
120000/- |
360,000/-
|
Total = |
27,60000/-
|
|||
|
Installment
cost of the Machineries 3%
|
= |
= |
82800/-
|
Total Price = |
28,42800/-
|
||
M/S. Hasan Textile -7
(F)
Yearly needed Raw Materials in
100% Production Power:
|
Name and Description of
the Raw Materials
|
Quantity |
Unit Price
|
Total Price
|
|
1.
50, 60, 80 count thread
|
150000 Pounds |
110/- per Pound
|
1,6500000/-
|
|
|
1st Year |
2nd Year
|
3rd Year
|
|
Use
of production capacity
|
60% |
70%
|
80%
|
|
Price
of used raw materials (Taka in Lac)
|
99.00 |
115.50
|
132.00
|
(E)
Necessary Association in 100%
production capacity :
1. Power
80X0. 746X8X300x3.50 = 5,01,312/=
2. Water
Lumsum = 6,000/=
3. Gas
Lumsum = 2,400/=
4. Other
Lob Oil =
12,000/=
Total=5,21,712/=
|
|
1st Year |
2nd Year
|
3rd Year
|
|
Expansible
Money in used capacity
|
3.13 |
3.65
|
4.18
|
M/S. Hasan Textile -8
(F) Necessary manpower of the Project :
(F) 1. Factory Overhead :
|
Sl.
No.
|
Designation
|
Number
|
Monthly Salary
|
Festival Allowance
|
Total yearly Salary
|
|
1.
|
Factory
Manager
|
1
person
|
5,000
|
10,000
|
70,000
|
|
2.
|
Master/Supervisor
|
1
person
|
6,000
|
12,000
|
84,000
|
|
3.
|
Skill
Worker
|
10
persons
|
2,500
|
50,000
|
3,50,000
|
|
4.
|
Semi
Skill Worker
|
10
persons
|
1,500
|
40,000
|
2,80,000
|
|
5.
|
Unskilled
Worker
|
10
persons
|
1,500
|
30,000
|
1,80,000
|
|
6.
|
Guard/Peon
|
2
persons
|
1,500
|
6,000
|
42,000
|
Total = |
34
persons
|
|
10,06,000
|
||
|
|
|
|
|
||
(F)
2. Administration:
|
Sl.No.
|
Designation
|
Number
|
Monthly
Salary
|
Festival
Allowance
|
Total
yearly Salary
|
|
1.
|
Manager
|
1
person
|
4,000
|
8,000
|
56,000
|
|
2.
|
Accountant
|
1
person
|
3,500
|
7,000
|
49,000
|
|
3.
|
Guard/Peon
|
2
person
|
1,500
|
6,000
|
42,000
|
Total = |
4
persons
|
|
1,47,000
|
||
............................................................................................................................................................
For total Man power
yearly expenses = (10,06,000 + 1,47,000) = 11,53,000/-
|
|
1st Year |
2nd Year
|
3rd Year
|
|
Total
yearly cost if counted 5% increase of
yearly salary
|
11.53 |
12.10
|
12.68
|
M/S. Hasan Textile –9
i) Technical No How of the Project:
The Entrepreneur has 30 years practical experience in this
line. More over that there is available skill and other technical knowledge
known peoples for the project in local area with accounted pay salary.
j) Implementation Schedule of the Project:
|
1.
Acceptance of the Land Transfer
|
1st
Month
|
|
2.
Approval of Lay Out Plan
|
2nd
Month
|
|
3.
Completion of the uncompleted Construction work
|
3rd
to 5th Month
|
|
4.
Transfer of Machineries and Set up
|
6th
to 7th Month
|
|
5.
Collection of Raw Materials
|
8th
Month
|
|
6.
Experience base Production
|
9th
Month
|
|
7.
Commercial Production
|
10th
Month
|
M/S. Hasan Textile –10
k)
Other permanent cost of the Project:
|
1)
Furniture of the Office
|
50,000/-
|
|
2)
Pick up
|
50,000/-
|
|
3)
Fire Extinguisher
|
20,000/-
|
|
4)
Consultancy Fee
|
10,000/-
|
|
5)
Legal Document etc.
|
30,000/-
|
|
6)
Others
|
50,000/-
|
|
Total
=
|
6,60,000/-
|
l)
Determination of Total Permanent cost of the Project: (Taka in Lac)
|
1)
Land
|
=
2.50
|
|
2)
Buildings
|
=
20.49
|
|
3)
Machines
|
=
28.42
|
|
4)
Others permanent cost
|
=
6.60
|
|
Total
=
|
58.01
Lac Taka.
|
|
|
|
M/S. Hasan Textile –11
MARKETING ASPECT OF THE PROJECT
a)
Sales Status:
The area of Narsingdi is well known from ancient period as
the Textile Zone. In this District specially mentioned in the Town area and in
most of the houses, there have been 2 or 4 Power Loom. If we have to be
considered in this aspect, it understands that the principal livelihood
means for the peoples of this locality is the Power Loom Industry. There have
been established about the largest cloth buy and sale market surrounding the
base of the Power Loom Industry. This is by the name of Baburhat. This market
is only 10 K.M. away from the Industrial
City. This Baburhat
market sits in a week for a continuation of 3 days. In this market, there comes
large scale cloth merchants from each district of the country and there happens
buy and sale with crore to crore taka cloth sale in each day. Besides, the
entrepreneur have a big volume dyeing, printing and finishing unit. Those
amount of gray cloth raw material has a
need for this factory in yearly basis, half of the gray cloth would be
manufactured in this factory. The entrepreneur will be made dyeing, printing
and finishing of the gray cloth and will be sold in the Baburhat market as
whole sale of the Saree cloth. There will not to be needed for any mid term
enjoyer that means the entrepreneur by the produced gray cloth of the project,
through the other project and after made of dyeing, printing and finishing and
will be made directly marketing. So, there will not have to be face to any
competition for to marketing of the gray cloth.
M/S. Hasan Textile –12
c) Quality Control:
As the means of 80% peoples of this area for their
principal livelihood is this Power Loom Industry and as there is more or less
producing the gray cloth in different place in whole of the district. So, this
gray cloth is processed with different dyeing, printing and finishing unit and
comes with different types of saree, lungi, long cloth and poplin cloth and is
marketing. There will be kept an observation to this direction. Beside, there
will be more careful to the price determination also.
d) Demand:
There is no means unwilling to use of cloths in Bangladesh as
well as whole of the world. For this, cloth is one of the fundamental needs of
the mankind among the three like Rice, Cloth and Shelter and it is one of the
most important elements to the civilization of the mankind. As the demand of
cloth was in past, same as still in present and will also be tied for the same
in future. So, there is no ended word to the needs of the cloth.
M/S. Hasan Textile –13
ANALYSIS OF ECONOMICAL SIDE OF THE PROJECT
(a)
Creating Employment of the Project :
If this project be implemented in the Industrial Plot, in
different category, there will be created 38 peoples for their new employment.
There will be yearly expensed about the salary for 11,53 lac taka. On the
other, the investment of this project per head is 1.85 Lac Taka.
(b)
In the 80% production capacity there will be made contribution in the G.D.P.
for the 3 years as follows:
|
|
|
Taka
in Lac
|
|
1.
|
Sale in 80% production
capacity
|
204.00
|
|
2.
|
Internal
Transaction (Raw material)
|
132.00
|
|
3.
|
Store
and Spares
|
0.56
|
|
4.
|
Insurance
|
5.80
|
|
5.
|
Assist
|
4.18
|
|
6.
|
Post,
Telegraph and Telephone
|
0.18
|
|
7.
|
Depreciation
|
3.92
|
|
8.
|
Erection
and Maintenance
|
1.27
|
|
9.
|
Travel
and Conveyance
|
0.24
|
|
10.
|
Sale Expenses
|
1.30
|
|
11.
|
Stationery
and Glossary
|
0.15
|
|
12.
|
Misc.
|
0.24
|
|
13.
|
Economical
cost
|
0.80
|
|
|
Total =
|
150.64
|
Contribution
in the G.D.P. : (204.00 – 150.64) = 53.36 Lac taka.
M/s. Hasan Textile 14
(c)
Which has been held up to preparation of the project:
(1)
Per day 1 shift and in each shift 8 hours and the yearly production period is
300 days and the value of Raw Material and Produced goods is counted as the
existing price of the country.
(2)
Drpreciation
2.1
Building
4%
2.2
Machines
10%
2.3
Furniture and other permanent investment 10%
(3)
Erection and Maintenance :
3.1
Buildings
2%
3.2
Machines
3%
(4)
Sale Cost :
4.1
Sale
Commission/Advertisement
4.2
Others
(5)
Insurance 10%
(6)
Store and Spares
1%, 1.5%, 2%
(7)
Work-in-process
3 days
(8)
Use of production capacity
60%c70%c 80%
(9)
Account of Taka
In Lac taka.
M/s. Hasan Textile 15
Description of Economics side of the Project:
(A)
Determination of the Project
Cost:
|
Serial No.
|
Expenses Head
|
Invested
|
Invest able
|
Total |
||
|
L. C
|
F. C
|
L. C
|
F. C
|
|||
|
1.
|
Land
|
2.50
|
-
|
-
|
-
|
2.50
|
|
2.
|
Land
Development
|
-
|
-
|
-
|
-
|
-
|
|
3.
|
Building
Construction
|
7.00
|
-
|
13.49
|
-
|
20.49
|
|
4.
|
Machineries
|
-
|
-
|
28.42
|
-
|
28.42
|
|
5.
|
Others
fixed Expenses
|
-
|
-
|
6.60
|
-
|
6.60
|
|
|
9.50
|
-
|
48.51
|
-
|
58.01
|
|
(K) Economical source of Project :
Capital |
Equity
|
Debt
|
Total
|
1. Permanent Capital |
58.01
|
-
|
58.01
|
2. Current Capital |
12.40
|
-
|
12.40
|
Total = |
70.41
|
-
|
70.41
|
M/S. Hasan Textile 16
(C)
Current capital Determination of
the Project:
Present Assets |
1st Year
|
2nd Year
|
3rd Year
|
1. Local Row material 1 (One) Month |
8.25
|
9.62
|
11.00
|
2. Importable Row material |
-
|
-
|
-
|
3. Work –in-process 3 days |
0.99
|
1.15
|
1.32
|
4. Produced Goods (4 days) |
1.80
|
2.09
|
2.40
|
5. Store & Spares1 month |
0.02
|
0.03
|
0.04
|
6. Acceptable Bill (4%) |
5.38
|
6.28
|
7.18
|
7. Others |
1.00
|
1.50
|
2.00
|
Total = |
17.44
|
20.67
|
23.94
|
Current
Liability:
|
1.
Payable Bill (3%)
|
4.04
|
4.71
|
5.39
|
|
2.
Others debt
|
1.00
|
1.50
|
2.00
|
Total = |
5.04
|
6.21
|
7.39
|
|
Actual
current capital
|
12.40
|
14.4
|
16.55
|
(D) Total cost of the Project :
(1) Permanent
Capital 58.01
(2) Current
Capital 12.50
Total = 70.41
M/S. Hasan Textile 17
(E) Determination of Production costs of the Project :
E.1 Factory Overhead:
Sl. No. |
Description |
1st Year |
2nd Year |
3rd Year |
1. |
Row Material |
99.00 |
115.50 |
132.00 |
2. |
Wages |
10.06 |
10.56 |
11.06 |
3. |
Assist |
3.13 |
3.65 |
4.18 |
4. |
Depreciation:4.1 Building4.2 Machineries4.3 Others permanent cost |
0.82
2.84
0.26
|
0.82
2.84
0.26
|
0.82
2.84
0.26
|
5. |
Store & Spares |
0.28 |
0.42 |
0.56 |
6. |
Postal & Stationary |
0.12 |
0.12 |
0.15 |
7. |
Repairing & Maintenance:7.1 Building7.2 Machineries |
0.42
0.85
|
0.42
0.85
|
0.42
0.85
|
8. |
Insurance (10%) |
5.80 |
5.80 |
5.80 |
Total = |
123.50 |
141.24 |
158.94 |
|
M/S. Hasan Textile 18
(F)
Income Lay out of the Project: (Lac
Taka)
|
Contents
|
1st Year
|
2nd Year
|
3rd Year
|
Total Sale |
153.00
|
178.50
|
204.00
|
(-) Production Cost |
123.50
|
141.24
|
158.94
|
Gross Profit |
29.50
|
37.26
|
45.06
|
(-) Administrative & Sales cost |
2.61
|
3.15
|
3.69
|
Operating profit |
26.89
|
34.11
|
41.37
|
(-) Economical cost |
0.40
|
0.60
|
0.80
|
Net profit (Pervious Tax) |
26.49
|
33.51
|
40.57
|
(-) Vat |
8.14
|
9.45
|
10.80
|
Net profit |
18.35
|
24.06
|
29.77
|
(G)
Ratio and Analysis:
1) Gross profit |
29.50
|
37.26
|
45.06
|
2) Operating profit |
26.89
|
34.11
|
41.37
|
3) Net profit |
18.35
|
24.06
|
29.77
|
4) Gross profit to sales |
19.81%
|
20.87%
|
22.09%
|
5) Net profit to sales |
12%
|
13%
|
15%
|
6) Permanent invest return |
32%
|
41%
|
51%
|
7) Total invest return |
26%
|
34%
|
42%
|
8) Break Even sales |
-
|
-
|
78.35
|
9) Break Even power |
-
|
-
|
49%
|
M/S. Hasan Textile 19
(H)
Determination of Administrative
Cost :
1) Salary |
1.47
|
1.54
|
1.61
|
2) Postal, Telephone & Telephone |
0.12
|
0.15
|
0.18
|
3) Printing & Stationary |
0.06
|
0.09
|
0.12
|
4) Tour & conveyance |
0.12
|
0.18
|
0.24
|
5) Entertainment |
0.06
|
0.09
|
0.12
|
6) Miscellanies |
0.12
|
0.12
|
0.12
|
Total = |
1.95
|
2.17
|
2.39
|
(I)
Sale
Cost :
1) Advertisement |
0.10
|
0.20
|
0.30
|
2) Transport Cost |
0.36
|
0.48
|
0.60
|
3) Miscellanies |
0.20
|
0.30
|
0.40
|
Total = |
0.66
|
0.98
|
1.30
|
(I)
Economical Cost:
1) Audit fee |
0.20
|
0.30
|
0.40
|
2) Miscellanies |
0.20
|
0.30
|
0.40
|
Total = |
0.40
|
0.60
|
0.80
|
M/S. Hasan Textile 20
(J)
Cash flow statement of the
Project :
Festival |
Year
|
1st Year
|
2nd Year
|
3rd Year
|
Net |
-
|
18.35
|
24.06
|
29.77
|
Depreciation |
-
|
3.92
|
3.92
|
3.92
|
Equity |
70.41
|
-
|
-
|
-
|
Current capital |
-
|
-
|
-
|
-
|
Permanent capital |
-
|
-
|
-
|
-
|
|
70.41
|
22.27
|
27.98
|
33.69
|
Fund
Floating:
Permanent assets |
58.01
|
-
|
-
|
-
|
Loan Paid |
-
|
-
|
-
|
-
|
Current capital increase |
-
|
12.40
|
2.06
|
2.09
|
|
58.01
|
12.43
|
2.06
|
2.09
|
Cash Surplus |
12.40
|
9.87
|
25.92
|
31.60
|
Opining balance |
-
|
12.50
|
22.27
|
48.19
|
Closing balance |
12.40
|
22.27
|
48.19
|
79.79
|
M/S. Hasan Textile 21
(J)
Balance Sheet of the Project :
Current Asset :
Assets |
Year
|
1st Year
|
2nd Year
|
3rd Year
|
Closing/Cash/bank |
12.40
|
22.27
|
48.19
|
79.79
|
Others current asset |
-
|
17.44
|
20.67
|
23.94
|
Permanent asset after depreciation |
58.01
|
54.09
|
50.17
|
46.25
|
Total = |
70.41
|
93.80
|
119.03
|
149.98
|
Current
labiality:
Payable Bill |
-
|
5.04
|
6.21
|
7.39
|
Current capital loan |
-
|
-
|
-
|
-
|
Permanent Capital loan |
-
|
-
|
-
|
-
|
Equity |
70.41
|
70/41
|
70/41
|
70.41
|
Earned Income |
-
|
18.35
|
42/41
|
72.18
|
Total = |
70.41
|
93.80
|
119.03
|
149.98
|
M/S. Hasan Textile 22
(K)
Beak Even analysis of the
Project : (Taka
in Lac)
(1) Net
sales 80% in Production 204.00
(2) Net
production cost 80% in
Production capacity 161.74
(3) Total
cost analysis:
|
Contents
|
Changeable cost
|
Permanent cost
|
Total Cost
|
Raw Materials |
132.00
|
-
|
132.00
|
Wages |
-
|
11.06
|
11.06
|
Store & Spares |
0.56
|
-
|
0.56
|
Assist |
1.67
|
2.51
|
4.18
|
Insurance |
-
|
5.80
|
5.80
|
Depreciation |
-
|
3.92
|
3.92
|
Maintenance |
-
|
1.27
|
1.27
|
Administrative Cost |
0.59
|
0.88
|
1.47
|
Postal, Telephone, Telephone |
0.06
|
0.12
|
0.18
|
Sale expenditure |
0.52
|
0.78
|
1.30
|
Total = |
135.40
|
26.34
|
161.74
|
P. V. Ratio = Sale –
Changeable Cost
Total
– Sale
=
20.4 – 135.50
204
= 0.3362
M/S. Hasan Textile 23
Break
Even sale = Changeable Cost
P.D. Ratio
= 26,34
0.3362
= 78.35 Lac Taka.
Break
even Capability = BEP sales x 100
Total
Sale
= 78.35
204.00
= 39%
Break
Even Cash = 26.34 – 3.92
0.3362
= 66.68 Lac Taka
M/s/ Hasan Textile-24
The End.
[Monogram]
CERTIFICATE OF INCORPORATION
No. C-25817(1651)/94
I hereby certify that HASAN
TEXTILE PROCESSING INDUSTRIES LTD. is this day incorporated under the
companies Act (Act VII) of 1913 and that
the company is limited.
Given under
my hand at Dhaka this Twenty seventh day of
April One thousand nine hundred and Ninety four.
Sd/- Illegible
Register of joint stock Companies
Bangladesh
[Round
Seal]
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