The Dacca Dyeing & Mfg. Co. Ltd.

Abstract

The Dacca Dyeing & Manufacturing Company Limited was incorporated on 31.12.1963 as a public limited company with an authorized capital of Tk. 1.25 crore divided into 12.50 lac shares of Tk. 10.00 each. The Company was nationalized in 1972 and again returned back to previous shareholders in 1977. The Company is taken over by the present sponsors on 8th August 1995 by share transfer. Subsequently, the authorized capital was increased on July 26, 1996 to Tk. 100.00 crore, comprising 10.00 crore ordinary shares of Tk. 10.00 each. As on 30.06.2008 the paid-up capital of the Company had stood at Tk. 23.00 crore comprising 2.30 crore ordinary shares of Tk. 10.00 each that includes 30.00 lac bonus shares of Tk. 10.00 each. Then the company issued 50.00 lac right shares of Tk. 10.00 each amounting to Tk. 5.00 crore on July 10, 2008 among its existing shareholders. Finally, the company raised paid-up capital through IPO; issued 1.70 crore ordinary shares of Tk. 10.00 each (at per) amounting to Tk. 17.00 crore on 30.09.2009. The Company declared 12% bonus share for the year 2009-2010 to the existing shareholders. Considering the above events, the present paid-up capital of the Company stood at Tk. 50.40 crore. Considering the probable further increase of paid-up capital the company has increased its Authorised capital from Taka 100.00 crore to Taka 300.00 crore on 23rd March 2011. The shares of the company were listed in October 2009 with Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited which now is under “A” category. The Company is now operating under The Companies Act 1994. The registered office of the company is situated at Sharif Mansion, 56-57 Motijheel C/A (4th floor), Dhaka- 1000 and the factory is located at QC Nagar, Pagar, Tongi, Gazipur on 11.71 acres of land and the total covered area is approximately 500,000 sft. The Company owns and operates an industrial plant at Tongi, Gazipur having preparatory, weaving, dyeing and finishing facilities, producing high quality Towel, Bed sheet, Bedcover, Napkin, Table Cloth, Shirting fabrics (All sorts of home textile products) etc. for marketing at home and abroad. The Dacca Dyeing is the pioneer and one of the successful ventures in home textile sector of the country and the recipient of the President Award for quality export in 1969-70, 1977-78 and the Prestigious International Award 1980. The Dacca Dyeing is an ISO 9001-2000 certified company issued by Moody International. The scopes of certificate are manufacturer and exporter of home textile products i.e. bed linen, table linen and terry items. The Dacca Dyeing also is an Oeko-Tex Standard 100 certified company.