Generation Next Fashions Limited.

chairman's message

Dear Valued Shareholders,

It gives me immense pleasure to place before you the Annual report along with the audited accounts of your company and auditors report thereon for the period from July 01, 2016 to June 30, 2017..

Business Condition:

2017 experienced yet another successful year in terms of sales growth despite in spite of extreme competition in global apparel sector. We were able to overcome all odds situation prevailed during this period.

Financial Aspects:

Sales revenue has been increased by 9.30% compared to last period & EPS has increased by 47.5%.

BMRE & EXPANSION PLAN:

As you know we have successfully completed our BMRE of most important and heavy machines that was due utilizing our funds of Rights Issue. It may also be mentioned we have added new heavy machine to increase our dyeing capacity by another 25% increasing dyeing capacity to 30 Tons. Further we have made extensive expansion in building new facility 150,000 sft which shall create employment of 2000 new jobs & increase our export 50% in the coming financial year. Total Assets rose to Tk. 639.73 crore.

Human Resources:

Te achievement would not have been possible without the dedication and commitment of our employees who are the foundation and the backbone of our company.

Conclusion:

Here I would like to take this opportunity on behalf of the Board of Directors and express my deepest appreciation to all our valued customers for their confidence in our product, to the employees for their tireless work effort, to the suppliers for their quality goods, to the fellow honourable shareholders and most for their continuous support and interest for the welfare of the company. We however hope that the same support from all Stakeholders are to continue in the coming year.

 

MANAGING DIRECTOR's message
RAJIV SETHI

Dear Shareholders,

It is with great pleasure that I welcome you on behalf of the Board of Directors to the 13th Annual General Meeting of our company. Te Annual Report containing audited accounts and directors’ and auditors reports thereon for the year ending June 30, 2017 has already been dispatched to you for your kind perusal. I am also pleased to report that our company has earned a net profit of Tk.241,713,994 during this year, sales revenue of the company has increased from Tk. 3,000,352,440 for the year ended June 30, 2016 to 3,279,614,648 for the year ended June 30, 2017.

Looking ahead we are striving to produce more value added products in the year ahead to enhance our retention and maximize profitability. Our sector is facing various enhanced compliance standards from customers, new regulations in regard to building and fire safety, increase in minimum wages, among others. To offset these difficulties and augmented costs, the management is striving to make operations more efficient. Also we would like to add on our future expansion on our dyeing, knitting & sewing units to enhance export to double fold and reduce production cost.

We thank you for your continued support and we are working for further growth in coming days. I would also take this opportunity to express my gratitude to our honorable share holder, all our colleagues & to Bangladesh Securities and Exchange Commission, Dhaka Stock Exchange, Chittagong Stock Exchange, Central Depository Bangladesh Limited and all regulatory bodies for the cooperation and support.

Fire Safety & Security

Generation Next Fashions Limited is totally secured in all respect of detection and protection system by addressable fire detection system and alarm in all premises and fully automated stand pipe system. The under mentioned fire protection systems are available in the factory.

FIRE ALARM AND DETECTION SYSTEM

Automatic fire alarm and detection system throughout the factory has been well equipped, the alarm device by automatic initiating smoke detector, multi sensor and heat detector in the event of fire. Other instrument horns, horns strobes light etc.

Fire Safety Plan

fire safety plan ensures that the fire safety and emergency response procedures. Its provides direction concerning occupant’s safety in the event of emergency. For the purpose of emergency response by both the buildings staffs and workers. The plane details the fire safety system throughout the building to ensure the plan effectiveness it must made available fine command room. The schematic diagram and details the fire safety system available in the factory a rapid response to the emergency at hand.

CLIENTELE

portable fire protection system

Portable fire Extinguisher are available in the factory that placed near the path of exit travel and its surrounding easily accessible, type of fire Extinguisher like ABCE, CO2 and Foam type.

AFFILIATIONS