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8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
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If you have any query about this document, you may consult issuer, issue manager andunderwriter
PROSPECTUS
Initial Public Offer of 25,000,000 Ordinary Shares of T! "0#$ each at an issue %rice ofT! 2$ each includin' a %re(iu( of T! "$ %er share )orth T! *&5,000,000
+ar East nittin' - .yein' Industries /i(ited+or eneral Public 1uota
Opening date for subscription:une "5, 20"3 Closing date for
subscription:une "4, 20"3+or on$Resident
6an'ladeshi 1uota
Opening date for subscription :une "5, 20"3 Closing date for subscription :une27, 20"3
8ana'er to the Issue
I./C In9est(ents /i(itedEunoos rade Center !"evel #$%, '&( )il*usha
C+, )ha*a $--- .hone: /&0$$0-, 1a2: /&0$$0$,
3ebsite: www4idlc4comUnder)riters
68S/ In9est(ent /i(ited5adharan 6ima ower !0th 1loor%, (0+ )il*usha C+,
)ha*a $---el: /&70--#, /&0-7#8, 1a2: 0$#(9#-
reen .elta Insurance Co(%any /i(itedreen )elta I;5 ower !7th 1loor%, &$' ;oha*hali
C+)ha*a $#$#, el: /9&$$0-, 1a2: /9&$$#8
IC6 Ca%ital8ana'e(ent /i(ited 6)6"
6haban !"evel $7%, 9 ead O?ce, ;6 Center, #7 ulshan venue,ulshan $
)ha*a $#$#, el: 99$0&7(, E2t #8&-,99#7/77, 1a2: 99#8((0
Pri(e 6an In9est(ent /i(ited
.eoples Insurance 6haban !$$th 1loor%, (7)il*usha C+ )ha*a $---, el: /&&&708, 1a2:/&&/#&0
Pri(e +inance Ca%ital8ana'e(ent /i(ited.1I ower!7th @oor%, &7'&0 )il*usha C+)ha*a $---, el: /&98908'7, 1a2:/&98900
Credit Ratin' Status
Particulars /on' Ter( Short Ter(
Entity
8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
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.hone: 99$-$0-, 99#9&-9, 1a2: 99#9&-/
3ebsite: www4fareast*nit4com
=COSET O+ T?E SECURITIES ;. E@C?;E CO88ISSIO ?;S 6EE O6T;IE. TO T?E ISSUE#O++ER O+ T?ESESECURITIES U.ER T?E SECURITIES ;. E@C?;E OR.I;CE, "4*4, ;. T?E SECURITIES ;. E@C?;ECO88ISSIO APU6/IC ISSUEB RU/ES, 200*! IT 8UST 6E .ISTICT/ U.ERSTOO. T?;T I IDI T?IS COSET T?ECO88ISSIO .OES OT T;E ; RESPOSI6I/IT +OR T?E +I;CI;/ SOU.ESS O+ T?E ISSUER CO8P;, ;O+ ITS PROECTS OR T?E ISSUE PRICE O+ ITS SECURITIES OR +OR T?E CORRECTESS O+ ; O+ T?E ST;TE8ETS8;.E OR OPIIO E@PRESSE. IT? RE;R. TO T?E8! SUC? RESPOSI6I/IT /IES IT? T?E ISSUER, ITS.IRECTORS, C?IE+ E@ECUTIDE O++ICER#C?IE+ +I;CI;/ O++ICER, ISSUE 8;;ER, U.ERRITER ;.#OR
;U.ITOR!>
http://www.fareastknit.com/http://www.fareastknit.com/8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
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1ar East nitting D )yeing Industries "imited
Availability of the Prospectus.rospectus of 1ar East nitting D )yeing Industries "imited may be obtained from followingaddresses
Co(%any Contact %erson Contact .etails
+ar East nittin' - .yein' Industries
/i(ited ;oyeen Centre, >ouse o4 /+6,
8r! 8oha((ad Saleh ;h(ed
Chief E2ecutive O?cer
el: /&$87(0'9
1a2: /&$878$
iclGiidfc4com
*! /ana6an'la In9est(ents /i(ited
Eunoos rade Center
!"evel #$%'&( )il*usha
C+, )ha*a $---
8r! 8 Shail Isla( 6huiyan
Chief E2ecutive O?cer
el: 0$##&/&, /&7$#(9
1a2: 0$$(&9&
sha*il4bhuiyanGlan*aban
gla'investments4com
&! 8utual Trust 6an /i(ited
Corporate >ead O?ce, ;6 Center
#7 ulshan venue, ulshan $, )ha*a $#$#
8r! 1ua(rul Isla( Cho)dhury
)eputy ;anaging )irector
el: 99#7/77 E2t: #8--
)irect: /9/&/7&
1a2: /97$(/7
om
7!Pri(e 6an In9est(ent
/i(ited.eoples Insurance
6haban !$$th 1loor%(7
8r! handoer Raihan ;li ;C;
ssistant Aice .resident
el: /&&&708
1a2: /&&/#&0
mbidGprimeban*4com4bd
4! Pri(e +inance Ca%ital 8ana'e(ent/i(ited
8r! 8! 8osharraf ?ossain, Ph.,+C;
el: /&98908'71a2: /&98900
Stoc EHchan'es ;9ailable at Contact .etails
.haa Stoc EHchan'e /i(ited
/+1 ;oti=heel C+, )ha*a $---)5E "ibrary
/&787-$
1a2: /&780#0, /&7/0&&
Chitta'on' Stoc
EHchan'e /i(ited C5E
6uilding, $-9-, 5hei*h ;u=ib
C5E "ibrary
-($'0$87(#'(
-($'0#-90$'(
1a2: 0$8$-$
.rospectus would also be available on the web site of 65EC !www4secbd4org%, )5E !www4dsebd4org%, C5E!www4cse4com4bd%, 1ar East
nitting D )yeing Industries "imited !www4fareast*nit4com%, I)"C Investments "imited !www4 idlc4com% and.ublic
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8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
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Prospectus
1ar East nitting D )yeingIndustries "imited
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Section I: Statutory
conditions
4$
" dated 8 1ebruary #--#+
$#4 6onded 3are >ouse"icense
"icense no: #--9+CH5'
563+/8 dated #/
ovember $//8
#9 ovember #-$(
[ pplied for renewal till #9
ovember #-$&
$(4 I5O /--$:#--9 CertiJcateCertiJcate o: /&70
dated $& Kanuary #-$#Aalid $& Kanuary #-$&
$84Organic E2change $--
5tandard !OE $--%
CH9$8908OE$--'-$4#-$(dated &
Aalid till #0 Kanuary #-$8
$&4Organic E2change
6lended
CH9$8908OE 6"'-$4#-$(dated &
Aalid till #0 Kanuary #-$8
$74 Captive .ower .roducer"icense
6E
8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
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and 88 ons are processed from out side4
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!s per ote (&4-- of #-$# udit
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Se)in' +loor nittin' 8achine
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Stenter8achine
Section DI: .escri%tion of%ro%erty
Section DII: Plan ofo%eration anddiscussion of Jnancialcondition
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SECTION VI
Description of Property
/OC;TIO O+ PRICIP;/ P/;TS ;. OT?ER PROPERT O+ T?E CO8P;;. T?EIR CO.ITIO
$4 1ar East nitting D )yeing Industries "imited !1E)I"% has its factory located at Chandra,
alia*oir, aFipur4 he factory is located at the companyNs own land totaling to 8$-409
decimals4 here are si2 !7% factory buildings, one tin shed go' down, an ePuent treatment
plant, a water treatment plant, a mosque, and a bungalow for accommodating visitors4 hesi2 buildings provide space for the companyNs sampling, *nitting, dyeing, printing, stitching,
and Jnishing units4 he factory buildings also accommodate an o?ce space for factory
o?cials, a medical center, a child care center, a laboratory and spaces for storing wor*'in'
process and Jnished goods4
#4 ll of the companyNs machineries are purchased in brand new condition !please refer to ote
&4-$4-$ of the udit%4 he company does not have any second'hand or reconditioned
machinery4 6elow table illustrates the written down value of the J2ed assets that the
company owns:
Fig!e" in BDT
(#" $e! #%it !e$o!t)&0 'ne 201& &0 'ne 2012 &0 'ne 2011
ir conditioner #,90(,(# (,$(&,80 (,8#&,0/6uilding D civil wor*s 897,-0&,(0 8&/,/88,7( (8&,9/#,((
Computer 5oftware 0,-$9,-8 8,7#(,$/ 8,8/9,89
Croc*ery D cutleries $$(,-$ #0,-97 ((,9&0
Electric+ as installation $/,988,#8 $$,($&,$7 $(,($$,/7
Electrical equipment $-,#9-,0( (,(-&,-( (,&7#,-&
1a2+ phone+ mobile $#$,#& $(8,0( $8/,0-
1urniture D J2ture $8,0-/,$0 $(,$-0,#& $(,$9&,8$
enerator (&,//$,-/ 8#,(&7,0# $/,$-8,(-
"and and land development #70,-79,(8 #70,-79,(8 #70,-79,(8
;otor vehicle (#,9&9,/9 #&,/#7,90 $7,&&$,-9
O?ce decoration $9,/-&,70 $9,/99,99 $/,/-&,78
O?ce equipment $7,-77,7# 9,8$/,7- 7,(-&,&&.lant D machinery !1abric% #&9,(0-,08 #9$,9&9,7# #0/,(8$,9&
.lant D machinery !arment% $($,$0/,#0 7/,/-(,80 &7,(89,/#
.lant D machinery !.rinting% $/,7/#,9- #$,0/0,&8 0,9$-,--
.lant D machinery !3ashing% 8,/((,#0 8,##9,9& 8,0&-,$#
3ater D steam line $0,$-9,#0 9,8$9,/( #,&$-,7-
3ater treatment plant 9,088,0# 0,7$$,9$ 9,00&,$0
EPuent treatment plant &,(/$,9&84 &,$$(,$& &,#/7,/0
Total ",ence, the
mortgagors name is I)"C 1inance "imited4
&4 he date of e2piration and name of the lessors are given in the Operating lease during last
Jve years part of the .rospectus4
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SECTION VII
1ar East nitting D )yeing Industries "imited
Plan of $peration & Discussion of inancial Condition
ITER;/ ;. E@TER;/ SOURCES O+ C;S?
he companyNs internal sources of cash consist of cash received from customers, from disposal of J2ed
assets, from e2isting shareholders as equity and cash received as other income4 On the other hand,
cash received from e2ternal sources comprise of loans from ban*s and various liabilities4 Cash
generated from such internal and e2ternal sources is then utiliFed for operational, Jnancial and
investment purposes4 he table below illustrates the various sources and uses of cash of the
company for the last three accounting years:
As per aud#ted accounts
Sl! Particulars A+i'ures in 6.T 000B
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Over the years the company has been able to generate su?cient cash from its internal and
e2ternal sources to meet the cash obligations during the year4 long with growth in sales, the
companyNs cash receipt from customers grew as well, indicating the high quality of its
receivables4 )ue to healthy proJt margins, cash @ow generated from sales has been su?cient
in meeting cash obligations to suppliers and for operational purposes4 )uring the period under
review, cash collection from customer remained the ma=or contributor of internally generated
cash4 On the other hand, dependence on e2ternal sources of cash has decreased gradually4 he
companyNs collection from customers increased during the period of #-$$'$( on a QOQ
basis4)uring the year ended Kune (-, #-$( the companyNs sales decreased by $40/M but
collection from customers increased by 747(M indicating better receivables management4 he
cash payment during the year was higherthan cash generated from internal and e2ternal sources
as the company incurred higher operational e2penses and paid o a signiJcant amount of its
ban* liabilities4
)uring the three years from #-$$ to #-$(, the company invested consistently in J2ed assets that
enabled the growth in sales4 .art of the e2pansion was Jnanced through internally generated
cash and the rest was Jnanced through ban* borrowing4 In addition, the company has short term
ban* borrowings to meet its wor*ing capital needs4 he company has been able to repay the
principle and interest on its short term and long term ban* borrowings from its internally
generated cash4
)uring the period under review, the companyNs e2ternal sources contributed a rather small
portion of total cash generated compared to internal sources4 s a result, the companyNs overall
debt levels remained very much within control4 Overall, thecompany depicted su?cient Jnancial
strength to meet the Jnancial and operational cash requirements4
8;TERI;/ CO88IT8ET +OR C;PIT;/ [email protected]
s on the date of this .rospectus, the company does not have any material commitment for
capital e2penditure other than those mentioned in 5ection IA: Issue 5iFe and .urpose of .ublic
Oering4
C;USES +OR 8;TERI;/ C?;ES
Fig!e" in BDT (A" $e! #%it !e$o!t)Fo! te e#! en%e%
&0-'n-201&
Fo! te e#! en%e%
&0-'n-2012
Fo! te e#! en%e%
&0-'n-2011
Sales Re9enue AEH%ortB 2,
8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
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rates4
Over the years 1E)I" has focused on producing high quality and higher value added items4
6esides, the company focuses on stronger bac*ward lin*age instead of horiFontal e2pansion4 s a
result the company has been able to to maintain healthy proJt margins consistently4 )uring the
years ended on (- Kune, #-$$, #-$# and #-$(, the companyNs gross proJt margin stood at
#04-7M, #94M and ##4&$M respectively4
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1ar East nitting D )yeing Industries "imited
)ue to high gross proJt margins, the company has been able to maintain impressive proJtability as
well4 )uring the 1Q #-$$ to #-$(, the companyNs net proJt margins stood at $&4(&M and $74/8M and
$-M respectively4 he companyNs overall debt burden has remained low resulting in low interest
e2penses4
SE;SO;/ ;SPECT O+ T?E CO8P;KS 6USIESS
here is no signiJcant seasonal aspect on the companyNs business4 In general, thecompanyNs pea* order seasonstarts from ;ay'Kune and stays till )ecember'Kanuary of eachyear4
O TRE.S, EDETS OR UCERT;ITIES
1orce ma=eure such as natural calamities, political unrest, labor unrest, unavailability
of power andgas etc4 might have a material eect on companyNs future business4
C?;E I T?E ;SSETS O+ T?E CO8P; USE. TO P; O++ ;/I;6I/ITIES
o asset of the company has been disposed to pay o any liability of the company4
/O; T;E +RO8 OR IDE TO ?O/.I#P;RET CO8P; ORSU6SI.I;R CO8P;
he company does not have any holding+parent or subsidiary company4
+UTURE COTR;CTU;/ /I;6I/ITIES
he company has no plan to enter into any contractual liabilities other than normal course ofbusiness within ne2t one year4
ESTI8;TE. +UTURE C;PIT;/ [email protected]
he company does not have any plan for future capital e2penditure other than those mentioned in the
5ection III: Issue 5iFeand .urpose of .ublic Issue4
D;T, ICO8E T;@, CUSTO8S .UT OR OT?ER T;@ /I;6I/IT
aBD;T
he company is e2empted from A, liabilities as per the 5
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;ccountin' ;ssess(ent Status
200&$2007 .))34.))/
As per certificate issued by Deputy Commissioner of %a5es dated 0 6uly .))/( ar 7ast
8nitting & Dyeing "ndustries 9imited is an Assesse of Companies Circle 1( %a5es :one 2(Dhaka* %he assessment of the assessee company has been completed for the
assessment year .))34.))/ and ta5es for the relevant year paid in full*
cBCusto( .uty
he company is e2empted from custom duty as per the 5ouse o4 /+6, ouse o4 /+6,
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1ar East nitting D )yeing Industries "imited
P#!ti*+#!" e#"e Ag!eeent .o! Regi"te!e% O..i*e
De"*!i$tion o.
e#"e% A""et
.(.)) s>uare feet of floor space on the south
side of the 1rd floor of il>uis %o;er( Plot +
?ne;@( .nd Circle( Gulshan( Dhaka 2.2.*
.(.)) s>uare feet of floor space on the south
side of the 1rd floor of il>uis %o;er( Plot +
?ne;@( .nd Circle( Gulshan( Dhaka 2.2.*
e#"e RentD% .3 ?t;enty eight@ per s>uare feet totalingto D% +2(+)) per month*
D% 2, ?fourteen@ per s>uare feet totaling toD% 1)(3)) per month*
Rene#+ C+#"e9ease rent ;ill automatically increase at the
rate of 2) percent after completion of first
three years
9ease rent ;ill automatically increase at the
rate of 2) percent after completion of first three
years
+I;CI;/ /E;SE CO88IT8ET .URI /;ST +IDE E;RS
he company did not enter into any Jnancial lease commitment in the last Jve years4
PERSOE/ RE/;TE. SC?E8E
he company has well designed recruitment, training, development, compensation and evaluation
policies for the personnel of the company4 part from the monthly salary, the employees of the
company receive many other beneJts which are e2plained below:
ratuity: Every o?cer of the company is entitled to gratuity beneJt sub=ect to a minimum service
period of three years4 On compliance with this clause, an o?cer will obtain the salary of the number ofmonths same as the number of years of his+ her service4 s per note &4-/ of the audit report, the
company provisions 6) 8--,--- per month for gratuity4 s per note
$&4-- of the udit report, the siFe of the provision for gratuity stood at 6) $0,8-/,&80 on (- Kune#-$(4
+esti9al 6onus: Every o?cer gets one month of basic salary as festival bonus during each Eid inthe year4
rou% ?ealth Insurance: ll the permanent employees of the company get health insurance beneJt
under an insurance coverage from )elta "ife Insurance Company "imited4
6eneJts Paid to the /abors: he company pays several beneJts other than regular salaries and
wages to the wor*ers4 )uring each Eid every year, every wor*er gets festival bonus equal to her one
monthNs basic salary4 he wor*ers get attendance bonus upto 6) 8-- each month if they are
present on every wor*ing day of a month4 he wor*ers also get conduct bonus of 6) #-- each
month if they maintain good conduct with their co'wor*ers during an entire month4 he company alsoprovides free lunch every day to every wor*er of the factory4 he wor*ers receive overtime
allowances, production incentives and Earned "eave Encashment 6eneJt4 he wor*ers also receive a
onetime 5ervice 6eneJt upon retirement based on their service length, salary and other factors4 he
company provisions 6) (0&,--- for 3or*ers 3elfare 1und !as per ote &4-/ of audit report%4 he siFe
of the 3or*ers 3elfare 1und stood at 6) $/,###,7($ as on (- Kune #-$( !as per note
$74$ of audit report%4 he company also bears certain medical e2pense of the wor*ers4 6elow table
illustrates the various compensations that the company paid to wor*ers of the factory during the
year ended on (- Kune #-$( !as per ote #04-# of the udit
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;edical E2penses /7&,&-
8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
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+i'ures in 6.T
Aas %er ote 2&!02 of ;udit Re%ortB
8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
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1ar East nitting D )yeing Industries "imited
RED;/U;TIO O+ CO8P;KS ;SSETS ;. SU88;R T?EREO+
he company revalued some of its J2ed assets twice, Jrst time on cut'o date of (- Kune #-$- and
second time on cut'o date of (- Kune #-$$4 he summary of the revaluation is provided below:
P#!ti*+#!"Re#+#tion Con%*te%
on Ct-o.. D#te o. &0 'ne 2010Re#+#tion Con%*te%
on Ct-o.. D#te o. &0 'ne 2011
V#+e!3" N#e %ista Surveyors Saha !a#umdar & Co* Chartered Accountants
V#+e!3" A%%!e""Gulistan Comple5( . ** Avenue( 9evel /(
Dhaka 2)))
.2( Purana Paltan 9ine ?,th & top floor@(
Dhaka 2)))
D#te o. V#+#tion
Re$o!t Signing.0 August .)2) 3 August .)22
Ct-o.. D#te o.Re#+#tion
1) 6une .)2) 1) 6une .)22
P!$o"e o.
Re#+#tion%o ascertain net ;orth of the company
%o comply ;ith S7C notification dated
./ December .)2) ?Reference No* S7C
C!RRCD.))/42/132Admin@
N#t!e o. !e#+e%
#""et"uilding( land( plant & machinery uilding( land( plant & machinery
4o5# V#+e o. $e!
De*i#+ #n% D% 2+())) D% .+()))4#!et V#+e o. $e!
De*i#+ #n%D% 0))())) D% 0+)()))
V#+e o. .ie% #""et"7e.o!e !e#+#tion
D% 030(32.(2/+ D% 00/(0''(3.'
V#+e o. .ie% #""et"
#.te! !e#+#tionD% +.1())'(''0 D% 3/,(0'2(1//
Re#+#tion S!$+"
$+e#"e "ee note (#)#n% (7) 7e+o .o! te
%et#i+ *#+*+#tion
D% 1'(2/0(0'/ D% 11,(//1(0'.
N#e #n%:#+i.i*#tion o.
V#+#tion Te#4e7e!"
2* 7ng* Sahfi>ur "slam4 *Sc* 7ng*?B7%@
.* !d* 8amal Bddin4 !* Sc*
1* %asneem Akther4 *Sc* 777 ?NSB@,* !onir ossain4 Diploma in 7ngineering
0* !d* $mmar aru>ue4 *Sc*
+* !d* !u#ahid Bllah4 **S*
'* !d* Giashuddin Ahmed4 *A
2* !r* Nasir B Ahmed4 CA( CS
.* !s* 6eenat 6ahan Dipty4 CA( CC
1* 8handaker Golam !ostafa4 SC 7ng*
Civil ?B7%@4 Chief Surveyor
,* 8handaker Na#rul "slam4 SC 7ng* Civil
?B7%@0* !d* !isbah Bddin4 SC 7ng* Civil
?B7%@
Not#7+e V#+#tion;o!" Done 7 te
V#+e!
2* Antim Composite 9td*
.* Delta Spinning !ill 9td*
1* Dird Composite 9td*
,* aria 8nitte5 9td
0* !!* Composit 8nit* 9td
+* !o#art 8nit* 9td*
'* Neo :ipper 9td3* $lympic Apparels 9td*
/* uality !ilk 9td*
2)* Chittagong Denim 9td22* %he Acme Speciali#ed Pharmaceuticals
2.* !*A* !atin Cotton !ills 9td*
2* Galfra abib 9td* Chittagong
.* Securities roking & !anagement
Services 9td*
ote !a%: Calculation of
8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
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8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
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1ar East nitting D )yeing Industries "imited
;U.ITORKS CERTI+IC;TE RE;R.I P;I.$UP C;PIT;/ O+ +;R E;STITTI ;. .EI I.USTRIES /I8ITE.
3e being the auditorNs of 1ar East nitting and )yeing Industries "imited !the company% and after due
veriJcation of boo*s and accounts of the company, do hereby conJrm that the paid up capital of the
company is *4 /$-,(-9,--- as on ;arch-/, #-$( divided in to /$,-(-,9-- shares of * $- each4 he
summary of allotment of shares against paid up capital since incorporation to ;arch -/, #-$( is as
follows:
P#!ti*+#!" o.
A++otentD#te o. A++otent
N7e! o. S#!e" I""e% Aont
o. S#!e"
C#$it#+
(BDT)C#" Bon" Ote! t#n *#"
irst ? Subscription to the!emorandum & Articles of
Association at the time of"ncorporation@
pril $/, $//8 $--,---
' ' $,---,---
5econd pril #9, $//& 7,(--,-- ' ' 7(,---,--
hird Kanuary -9, ' ,70#,-- ' ,0#-,--
1ourth Kanuary -/, (,---,-- (-,---,--
1ifth Kanuary -/, ' ' #,/&-,-- #/,&--,--
5i2th ovember -8, ' #7,--9,9- ' #7-,-99,--
Total 4"0,
8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
63/758888
5d+'
A8asih
8uhith ?aue - Co!B
Chartered ccountants
8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
64/758&
.EC/;R;TIO 6 T?E ISSUE 8;;ER ;6OUT T?E ;PPROD;/ +RO86;/;.ES? SECURITIES ;. E@C?;E CO88ISSIO +OR ;8;TERI;/ C?;ES
In case of any material changes in any agreement, contract, instrument, facts and Jgures,
operational circumstances andstatement made in the .rospectus subsequent to the preparationof the .rospectus and prior to its publication, shall be incorporated in the .rospectus, and the
said .rospectus should be published with the approval of the Commission4
1or ;anager to the Issue
5d+'
8r! 8d! 8oniruGGa(an
;anaging )irector
I)"C Investments "imited
.EC/;R;TIO RE;R.I O SUPPRESSIO O+ 8;TERI;/ I+OR8;TIO
%his is to declare that( to the best of our kno;ledge and belief( no information( facts or circumstances( ;hichshould be disclosed have been suppressed( ;hich can change the terms and conditions under ;hich the offerhas been made to the public*
or "ssuer(
Sd4
A"i. 4oeen
!anaging Director & Director
ar 7ast 8nitting & Dyeing "ndustries 9imited
PROSPE
8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
65/75
8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
66/758(
SECTION VIII
"nformation about Directors & $fficers.IRECTORS O+ T?E CO8P;
a(e .esi'nation;'e
Aear
EH%erie
nceo(inatedb
Period
of
1arha "aFina Chairman 87 $/ + +
sif ;oyeen ;anaging &9 (9 + +
;d4 6in Yuasem )irector && (( + +
5adia ;oyeen )irector 80 $/ + +
;44;4 ;ohiuddin )irector &/ (9 + +
Omar ;oyeen )irector #& # + +
I+OR8;TIO RE;R.I .IRECTORS ;. .IRECTORS?IP
a(e .esi'nation.ate of beco(in'
director for the
.ate of
EH%iration
1arha "aFina Chairman $/'pr'$//8he directors of
thecompany are
sub=ect to be
retired by rotation
according to
5ection /$and
8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
67/758888
1ar East nitting D )yeing Industries "imited
a(e.esi'nation
in the
Co(%any
a(e of otherOr'aniGation
Position in
other
Or'aniGati
on
;ohammed 6in Yuasem )irector
Incredible 1ashions "td4 ;anaging
5titch e started hiscareer as a ban*er and served in senior management capacities in 6angladesh, China and >ongong4 In $/9/, he set up his own trading business in >ong ong dealing mainly with commoditiessuch as cement and steel4 In $//8, he set up 1E)I"4 ;r4 ;oyeen directly loo*s after the mar*etingactivities and also oversees the day'to'day operations of the company4
8oha((ed 6in 1uase(
Director, Far East Knitting & Dyeing Industries Limited
;r4 ;ohammed 6in Yuasem, )irector of Operations, completed post graduation in Economics fromortheastern Hniversity, 6oston, H54 >e started his career as a ban*er and served in various seniormanagement capacities with an international 6an* in >ong ong4 In $//$, he =oined a renownedbuying house in >ong ong where he gained e2perience in the te2tile and garments sector4 ;r4Yuasem =oined 1E)I" in $//84 >e is involved in overseeing the fabric manufacturing operations of thecompany4
Sadia 8oyeen
Director, Far East Knitting & Dyeing Industries Limited
8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
68/758&
;s4 5adia ;oyeen is a reputed business person4 part from her )irectorship in 1ar East nitting D
)yeing Industries "imited, she is also a director in sianet "imited, 1ar East 5pinning Industries "imited
and 1ar East Qarn )yeing Industries "imited4
8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
69/758787
8!!8!8ohiuddin
.irector, +ar East nittin' - .yein' Industries /i(ited
;r4 ;44;4 ;ohiuddin is a former ban*er of international repute with $8 years of e2perience of
wor*ing in >ong ong4 )uring his career, he has gained in'depth *nowledge and e2perience in
the Jelds of international Jnance, ban*ing, capital mar*et activities, and manufacturing'
especially garments and te2tile4 ;r4 ;ohiuddin is the ;anaging )irector of ; ; 5ecurities
"imited' a member of Chittagong 5toc* E2change4 >e has held various posts with C5E4 >e held
the post of .resident of C5E for # years and )irector for $- years4 >e is also the .resident D CEO
of 5*ybridge International4 >e is the promoter and pioneer of establishing direct air lin* between
China D 6angladesh4 ;r4 ;ohiuddin is well *nown among the business community and for his
reputation and credibility4 >e is a graduate from Hniversity of )ha*a4
O(ar 8oyeen
.irector, +ar East nittin' - .yein' Industries /i(ited
;r4 Omar ;oyeen is a )irector of 1ar East nitting D )yeing Industries "imited4 Currently, he is
pursuing full time degree course at
8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
70/7580
1ar East nitting D )yeing Industries "imited
a(e ;'e .esi'nation 1ualiJcatio .ate ofoinin
/ast J9e
ears
;d4 895r4
;anager;44 pril $, #--- 1E)I"
Zahidul lam 8&5r4
;anager644 Kuly #0, $//& 1E)I"
;amunur 454C4 October $&, 1E)I"
bdul "atif 8# ;anager !nitting% 644 ;ay #&, $//9 1E)I"
54;4 5hamsul 88 ;anager 645c4 !Eng%ovember /,
$//71E)I"
54;4 amrul>asan
(- ;anager !)yeing% 645c4 !Eng% Kanuary $$,#-$-
3or*ed for
6arnali
nitting D
)r4 4 ;ortuFa
han
7# ;edical O?cer ;4646454 Kune #-, #--/
.reviously
wor*ed #
yearsin
6angladesh
;edicalCollegeand
IDO/DE8ET O+ .IRECTORS ;. O++ICERS I CERT;I /E;/PROCEE.IS
o O?cer or )irector of the Company was involved in any of the following types of legalproceedings in the last ten years4
a% ny 6an*ruptcy .etition Jled by or against any company of which any O?cer or )irector of the
Issuer Company Jling the .rospectus was a )irector, O?cer or .artner at the time of the
ban*ruptcy
b% ny conviction of an O?cer, )irector in a criminal proceeding or any criminal proceeding
pending against him
c% ny Order, Kudgment or )ecree of any Court of competent =urisdiction against any O?cer,
)irector permanently or temporarily en=oining, barring, suspending or otherwise limiting the
involvement of any O?cer or )irector in any type of business, securities or ban*ing activities
d% ny Order of the 5ecurities and E2change Commission, or other
8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
71/7589 89
accounts for the year ended Kune (-, #-$(4
)uring the last two years, the company paid remuneration to the following )irectors who also act
as O?cers of the Company !as per ote (&4-- of udit
8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
72/75
8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
73/75&- &-
1ar East nitting D )yeing Industries "imited
;''re'ate ;(ount of Re(uneration Paid to the .irectors and OLcers durin' /ast;ccountin' ear ended on
8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
74/75&$
5 /8 D $-#,
8/11/2019 FarEastKnittingDyeingIndustriesLimited Prospectus 20140413 1402
75/75
;U.ITORKS CERTI+IC;TE RE;R.I T;I6/E ;SSETS PER S?;RE
Calculation of et assets %er share and Tan'ible assets %er share
Particulars of ;ssets;s on une