Company Profile Bangladesh Recycling
Ind. Ltd.
Bringing you a prosperous future where Energy is clean, abundant, reliable, and affordable Profile of BRIL Introduction and Background We are, Bangladesh Recycling Ind. Ltd. as one of the PET Bottle Recycling & Export in Bangladesh territory, with Carry on business and to Act as General Trading, export, import, manufacturing, Distribution, Marketing Agents, Commission Agents, Representatives, Distributors, Suppliers, Tender Dropping both local and International, Stockiest and Sales of any product or service of Bangladesh Company or of any Foreign Company in Bangladesh or elsewhere. Also to Carry on the Business as Import, Crushing, Recycling & Export of PET Bottle, Pet Bottle Flakes, Plastic, Rubber, Plastic Pipe, PE Film, Waste Plastic, Priestesses Plastic, HDPE PVC Palletizing, Silicon Core Pipe, PE Carbon Pipe, Pulverize the bone, raw materials of cheeps etc. On a regular basis, we will import variable kinds of items from China, India, Singapore, Malaysia and Taiwan. Our companies have many efficient staffs and workers who are capable to face any type of challenging shipments. Also we are going to exports PET Bottle Flaks to China. Our worker and assembling team is highly experienced and dynamic in the production and willing to accept necessary changes in production to motivate, should required by buyer. Our Merchandising teams having unique experienced in the technical merchandising, sourcing & planning procurement with the 100% accuracy. Our team is working with fully computerized track record with 24 hours online system. Under our close supervision quality control & sampling team are always ready to assist our customer as per their requirement. Our sample room is equipped with all kinds of flakes & other products that allow us to make any kinds of sample supervising with expert technician & sample man and we pass the sample after clearance from our Merchandising QC team. Meanwhile, our marketing teams are always researching the present market to introduce new demands of product to the customer. As a result, under our close supervision the factories are exporting satisfactory since inception. In word we can say, “Time, Quality & Delivery is our main aim and profit is its logical sequence”. As a supplier we understand that buyer has many choices when it comes to selecting an importer, but it would be our pleasure if you select “Bangladesh Recycling Ind. Ltd.” for your requirements and we are confident that you will be satisfied with our products and services. We believe that we can support you for your any kind of requirements with in short time, World class quality at a competitive price, if you kindly consider us to develop new business relationship with you. If there is any help that you require please feel free to contact us. Our Mission “To make best quality full products for our valued customers and deliver on-time while keeping our commitment to work environment for our employees.” Project Approach This section should outline the way you will roll out the technology, including the highest level milestones. For example: Phase l: Secure agreement with buyer Phase ll: Order/Install Equipment Phase lll: Install/Test Machine Phase lV: Conduct Traning Phase V: Implement Goals and Objectives Business Goals and Objectives The business goals and objectives for this project will focus on recycling technology that: a) Improves Officer, firefighter and citizen safety. b) Facilitates coordination and information sharing both internal and external to the participating organizations. c) Enhances the ability and effectiveness of staff to perform their jobs. d) Bringing you a prosperous future where Energy is clean, abundant, reliable, and affordable. Project Goals and Objectives Sample project goals and objectives: a) Ensure that end users have satisfactory to use the products b) Accomplish project business goals and objectives within defined budget and time parameters. c) Minimize impact to standard business operations within the affected units. Understanding the needs of our customer We have the knowledge of every single problem of sourcing and buying around the world. Having relocated to Bangladesh, the objective was very clear – we had to provide a solution to each of these problems a customer face in his their daily life of sourcing and buying, especially from Bangladesh and abroad. The major requirements of every customer are: 1. Quality control at every stage of production and professional final inspection confirms to the AQL specified by the customer. 2. Competitive price without compromise on quality. 3. Short lead-time. 4. Continues feedback on new product development. 5. Prompt quotations. 6. Instant replies to queries and general communication. 7. Easy and prompt access to information of customer’s orders-daily production QC reports, critical paths, status and documentation. 8. Information on competition. 9. Assistance and advice on product improvement and enhancement. 10. Flexibility in service to customer and ability to change a required. 11. Factories compliance with required ethical standards. Sourcing To provide a non-stop service to the valued clients, we got our own sourcing of PET Bottle and other accessories/products/materials within the country as well as in China, India, South Korea, Taiwan and Hong Kong. Our company is going associated with a number of reputed Crushing, Hot steam washing, Horizontal Washing, Screw Floating Washing, Dewatering, Drying and Storage plants. Country of Export 100% exports to China, India, Pakistan, Hong Kong Management of Company The Management consists of our Company of senior professionals expert and experienced in different functional activities like marketing, sourcing, procurement, production and quality control, shipment documentation. TOP MANAGEMENT Chairman : 01 Managing Director : 01 Director : 02 EMPLOYEES IN OFFICE G.M. (Marketing) : 01 A.G.M (Factory) : 01 Commercial Executive : 01 Manager Accounts : 01 Asst Manager Accounts : 01 Marketing Executive : 04 EMPLOYEES IN PRODUCTION LINE B.S.C. Engineer : 02 Production Manager : 01 Asst. Production Manager : 01 Supervisor : 01 Asst Supervisor : 01 Production Operator : 05 Packaging Operator : 03 Quality Controller : 02 Mechanics : 02 Labor : 25 SAMPLING Production Engineer : 01 Technicians : 02 Number of Employees A total of approximately 55 (Fifty five) employees are engaged in production and management of Bangladesh Recycling Ind. Ltd. Working Hours and Overtime Working Hours Regular working hours from 08:00am to 5:00pm with one hour lunch break for six days a week. Friday is observed as weekly holiday. Overtime Overtime is voluntary. A maximum of two hours overtime allowed per day with a limit of 52 (Fifty Two) hours per month. Workers Benefits 1) The management has ensured all types of workers benefit as well as addressed all compliance related issues as per local regulatory laws and customers advice. 2) Management ensured minimum wages and benefits for workers & employees. 3) All workers/employees are given pay-slips showing detailed break down of their entitlements. 3) Free medical consultation given around the week by a qualified medical practitioner. 4) Medical bills are paid in case of accidents and hospitalization. 5) Production floors are equipped with adequate First Aid boxes, fire extinguishers and water hydrants and safe drinking water. 6) An area marked for care facilities in case of emergency. 7) Yearly bonuses are given upon completion one-year continuous service. 8) Regular attendance and incentive bonuses given every month. 9) Holiday allowances given to employees working on holidays. 10) All types of leaves are given as per lows. 11) All workers and employees given employment letter with detail terms & conditions as per regulatory laws. We, the several persons, whose names, addresses and descriptions are subscribed, are desirous of being formed into a company in accordance with the Memorandum of Association, and we respectively agree to take the number of shares in the capital of the Company set opposite to respective names below: Name of Share holders 01. Abdullah – Al – Mamun Managing Director Phone/Mobile: 8801911723702 02. Humayun Kabir Chairman Phone/Mobile: 880171304639 03. Ahmed Eimtiaz Shubho Director Phone/Mobile: 01833329251 04. Mrs. Sharmin Akter Rina Director Phone/Mobile: 8801914747390 |
ARTICLES OF ASSOCIATION The
Companies Act, 1994
(Act. XVll of 1994) BANGLADESH RECYCLING IND. LTD. ARTICLES OF ASSOCIATION THE COMPANIES ACT 1994 (ACT. XVIII OF 1994) A PRIVATE COMPANY LIMITED BY SHARES Articles of Association of BANGLADESH RECYCLING IND. LTD. PRELIMINARY 1. The Regulations contained in the schedule-1 of the companies Act , 1994 shall apply to this company with respect to such provisions as are applicable to a Private Limited Company , so far only as they are not negative or modified by or are not contained in the following articles or any other articles that may from time to time be framed by the company. INTERPRETATION 2. Unless the context otherwise requires words of expression contained in these Articles shall bear the same meaning as in the Act or any statutory modification thereof in force at the date at which the Articles become binding on the Company. The marginal notes hereto shall not affect the construction hereof and in these presents, unless there be something in the subject or context inconsistent there with: a. "Act" means the Companies Act, XVIII of 1994. b. "Company" means the BANGLADESH RECYCLING IND. LTD. PRIVATE COMPANY 3. The Company is a Private Limited Company within the meaning of section 2(1) under clause (Q) of the companies Act,1994 and accordingly the following shall apply:- No invitation shall be issued to the public to subscribe for any share, debenture of the company; The number of members of the Company (exclusive of the persons in the employment of the company) shall be limited to fifty; and The right to transfer shares of the company is restricted in the manner and to the extent hereinafter provided. SHARE CAPITAL 4. The Authorized Share Capital of the Company is Tk. 3,00,00,000/- (Three Crore) divided into 30,00,000 (Thirty Lac) Ordinary Shares of Tk.10.00 each with power to increase or reduce the same value of its shares. Paid up Capital Tk. 10,00,000/- (Ten Lac) divided into 1,00,000 (One Lac) Share of Tk. 10.00 each. COMMENCEMENT OF BUSINESS 6. The Company shall be entitled to commence its business from the date of Commencing Certificate for Commencement of Business or from any other date as may be decided by the Board of Directors. SHARE CERTIFICATE 7. The certificate of title to share and duplicate thereof whenever necessary shall be issued to the members under the common seal of the company and shall be signed by the Chairman & Managing Director of the company. 8. If any share certificate is defaced, worn out, destroyed or lost, it may be re-issued on such evidence being produced and such indemnity (if any) being given as the Directors require and (in case of defacement or wearing out) on delivering of the old certificate and on payment of such sum not exceeding Tk.5.00 as the Directors may from time to time require. LIEN 9. The company shall have a paramount lien on every share (not being a fully paid share) for all moneys called or payable at a fixed time in respect of that share, the company lien, if any, on a share shall extend to all dividends payable thereof. TRANSFER AND TRANSMISSION OF SHARES 10. No transfer of any share shall be made or registered without the approval of the Board of Directors who may without assigning any reason decline to give any such approval and shall decline any transfer involving contravention of clause 3(b) of these articles. No share shall be transferred to any outsiders as long as any existing member is willing to purchase the same at a fair value to be determined by the Directors in a Board Meeting. 11. The certificate of shares shall accompany the Instrument of Transfer of shares for transfer of shares previously approved by the Board of Directors. No fees will be charged for transfer of any share. 12. In the case of death of a member, the survivor where the deceased was a joint holder, and the legal personal representative of the deceased where he was a sole holder, shall be the only persons recognized by the company as having any title to his interest in the shares, but this Articles does not release the estate of a deceased sole/joint holder from any liability in respect of the said share. BORROWING POWER 13. The Managing Director may from time to time with the approval of the Board of Directors may borrow from any source either from any commercial or schedule banks, or financing institutions or firms any sum of money required for the purpose of the company and secure the payment or repayment of such money so borrowed in such manner and upon such terms and conditions in all respects duly approved by the Board of Directors deemed fit in particular by hypothecation or charge on all or any part of the property of the company (both present and future) including its uncalled capital for the time being. CHAIRMAN 14. Humayun Kabir shall be the Chairman of the Company from the date of incorporation. He will preside all over the meeting, supervision & administration of all the activities of the company. 14.(A) In case, death of Chairman, the survivor where the deceased was a joint holder, and the legal personal representative Director shall be the only persons recognized by the company as having the Chairman of the Company. 15. Without prejudice to the general powers conferred by the last preceding Article and the other powers conferred by these presents, it is hereby expressly declared that the Directors shall have the following power that is to say, power:- 1. To pay the costs, charges and expenses preliminary and incidental to the promotion, formation, establishment and registration of the Company. 2. To purchase or otherwise acquire for the Company any property, rights or privileges that the Company is authorized to acquire at such price and generally on such terms and conditions, as they think fit. 3. To pay for any property, rights, and privileges acquired by the company in cash or in shares of the Company and any such shares may be issued either as fully paid up or with such amount credited as paid up thereon as may be agreed upon. 4. To secure the fulfillment of any contract or engagements entered into by the Company by mortgage or charge on all or any of the property of the Company and its unpaid capital for the time being or in such other manner as they may think fit. 5. To accept from any member, on such terms and conditions as shall be agreed but subject to the provisions of the act, as surrender of his share or any part thereof. 6. To deal with any of the moneys of the Company not immediately required for the company's purpose in or upon such investments or securities (not being shares in this company) and in such manner as they may think fit, and from time to time to vary or realize such investments. 7. To provide for the welfare of the employees or company and their wives and dependents and to award bonus or other payments for the benefits of such persons as may appears to the Directors just proper and to set aside a portion of the profit of the company to form a fund to build or contribute to the building of houses and subscribing to provident fund and other funds and establishment of schools, recreation centers and hospitals which will, the opinion of the Directors, tend to increase the repute of the company among its employees and the public. MANAGING DIRECTOR 16. Abdullah – Al – Mamun shall be the Managing Director of the company from the date of incorporation. His remuneration shall be fixed by the general meeting. 16.(A) In case, death of Managing Director, the survivor where the deceased was a joint holder, and the legal personal representative or Spouse of the Managing Director shall be the only persons recognized by the company as having the Managing Director of the Company. 17. Subject the over all control and supervision of the Board of Directors, the Managing Director shall exercise the following powers:- a) Control over the management of the business of the company with full power to do all acts, matters and things deemed necessary, proper and expedient for carrying on the normal day to day business of the Company. b) To make and sign all contracts to the business of the Company including contracts for sales and purchases and contracts for leases of property. c) To have the engagement and dismissal of managers, other officers, assistants, clerks, agents and special services and to determine their authorities and duties and to fix their authorities and to fix their remuneration's. d) Full power to draw, sign, accept, endorse and negotiate, on behalf of the company, all bills of exchange, promissory notes, cheques, government papers and securities and all other instruments as shall necessary, proper and expedient for carrying on the business of the company. e) To sign all receipt for money paid to the company and all vouchers of payment made by the company and such signature shall be an effectual discharge for the money's therein stated to have been received or paid. f) All the power, authority and discretion of the Board of Directors of the Company except as those which are otherwise stated by the Companies Act 1994 or by these presents are expressly directed to be exercised by the Board of Directors collectively or by the shareholders in general meeting. g) In case, death of Managing Director, the survivor where the deceased was a joint holder, and the legal personal representative or spouse of the Managing Director shall be the only persons recognized by the company as having the Managing Director of the Company. Without his permission any other directors could not be appointed as the Managing Director of The Company. 7.(A) The Managing Director shall hold office from a term to be decided by the Board of Directors which may be extended or renewed from time to time. 7. (B) The Managing Director shall not be subject to retirement by rotation or taken into account for determining the rotation for retirement of Directors and can be removed or replaced at the discretion of the Board of Directors. 8. Subject of overall control and supervision of the Board of Director, the business and affairs of the Company shall be managed by the Managing Director who shall exercise such powers and responsibilities which may from time to time be delegated to him by the Directors. POWER OF DIRECTORS 18. The Management and control of the business of the company shall be vested in the Board of Directors who in addition to the powers and authorities by these presents or otherwise expressly conferred on them may exercise all such powers and do all such acts and things as may be exercised or done by the company and are not hereby or by the act expressly directed or required to be exercised or done the company in general meeting, but subject nevertheless to the provisions of the act and of these presents and to any By-law from time to time made by the Company in general meeting, provided that no regulation so made shall invalidate any prior act of the Directors which would have been valid if such regulation had not been made. 19. Without prejudice to the general powers conferred by the last preceding Article and the other powers conferred by these presents, it is hereby expressly declared that the Directors shall have the following power that is to say, power:- 1. To pay the costs, charges and expenses preliminary and incidental to the promotion, formation, establishment and registration of the Company. 2. To purchase or otherwise acquire for the Company any property, rights or privileges that the Company is authorized to acquire at such price and generally on such terms and conditions, as they think fit. 3. To pay for any property, rights, and privileges acquired by the company in cash or in shares of the Company and any such shares may be issued either as fully paid up or with such amount credited as paid up thereon as may be agreed upon. 4. To secure the fulfillment of any contract or engagements entered into by the Company by mortgage or charge on all or any of the property of the Company and its unpaid capital for the time being or in such other manner as they may think fit. 5. To accept from any member, on such terms and conditions as shall be agreed but subject to the provisions of the act, as surrender of his share or any part thereof. 6. To deal with any of the moneys of the Company not immediately required for the company's purpose in or upon such investments or securities (not being shares in this company) and in such manner as they may think fit, and from time to time to vary or realize such investments. APPOINTMENT AND REMOVAL OF A DIRECTOR 20. Appointment and Removal of a Director of the Company can be made in a General Meeting/Extra-Ordinary General Meeting specifically called for the purpose by th majority vote of members of the Company in the General Meeting/Extra Ordinary General Meeting specially called for the purpose at or before the time of dissolution and in default thereof by a judge of the High Court of Bangladesh. GENERAL MEETING 21. The general meeting of the company shall be held within Eighteen months from the date of incorporation of the company and thereafter once in every calendar year (not being more than Fifteen months after holding of the last preceding general meeting) at such time and place as may be decided by the Directors of the company. The above mentioned general meeting shall be called "ORDINARY GENERAL MEETING" and all other general meeting of the company shall be called "EXTRA-ORDINARY GENERAL MEETING". 22. The Directors may at any time call an extra-ordinary general meeting and an extra-ordinary general meeting may also be called on requisition made by the shareholders in accordance with the provisions of section 84 of the companies Act 1994. PROCEEDING OF GENERAL MEETING 23. Subject to the provision of section 87(2) of the Companies Act, relating to special resolutions at least fourteen days notice specifying the place, the day and the hour of the general meeting and in case of special business, the general nature of such business, shall be given to the members in such manner as may be prescribed by the company in a general meeting, but accidental omission to give such notice, to or non-receipt of such notice by any member shall not invalidate the proceedings of the general meeting. A general meeting may, with the consent in writing of all the member be convened by a shorter notice and in any manner they think suitable. QUORUM 24. No business shall be transacted at any general meeting unless the quorum of members is present at the time when the meeting proceeds to transact business. 02 (TWO)members personally present shall form the quorum of any general meeting. VOTE OF MEMBERS 25. No member shall be entitled to vote unless all installments or calls or other sum or sums presently payable by him, in respect of his holding of shares in the company has been paid. DIRECTORS 26. Until otherwise determined in the general meeting the number of Directors of the company shall not be less than 02 (TWO) and not more than 10 (TEN). 27. The following persons shall be the first Directors of the company. 1. Md. Humayun Kabir Chairman 2. Abdullh – Al – Mamun Managing Director 3. Ahmed Emtiaz Shubho Director 4. Mrs. Sharmin Akter Rina Director ALTERNATE MANAGING DIRECTOR, DIRECTOR AND LOCAL MANAGEMENT 32. Managing Director or Director of the Company during an absence of not less than three months from the district in which meetings of the Directors are ordinarily held, or if he is otherwise unable to attend the meeting may appoint in writing any person to be an alternate Director during such absence. Such alternate Director shall not require any qualification but shall be entitled to receive notice of meeting of Board of Directors and attend and vote thereby and shall ipso-facto vacate office if and when the appointer returns to the district or removes the appointee in writing. 33. The Directors may from time to time provide for management of the affairs of Company outside Bangladesh or in any special locality in Bangladesh in such manner as they think fit including by formation of local Boards, delegation of necessary powers to these Boards, appointment of Attorney under power of Attorneys for specific or special purpose provided that the actual management of the affairs of the Company shall have to be carried on under the supervision of the Managing Director. AMENDMENT OF THE ARTICLES OF ASSOCIATION 34. Any amendment of the Articles of Association of the Company can be made in a General Meeting/Extra-Ordinary General Meeting specifically called for the purpose by th majority vote of members of the Company in the General Meeting/Extra Ordinary General Meeting specially called for the purpose at or before the time of dissolution and in default thereof by a judge of the High Court of Bangladesh. |