Company Profile:

Hwa Well Textiles (BD) Limited was incorporated on 08 May, 2002 vide registration no: C-45767 (2240) of 2002 as a private limited company in Bangladesh under The Companies Act 1994 and subsequently converted into a public limited company on 30 December, 2011. The registered office and principal place of business of the company is located at 138, Eastern Nibash, Flat # 402 (4th Floor), Gulshan Avenue, Gulshan-2, Dhaka-1212, Bangladesh. The company is now carrying out its manufacturing activities in one factory located at Vill: Kashorgor, P.O: Seed Store Bazar, Habirbari Union No:-10, P.S: Bhaluka, Mymensingh.


The Board of Directors:

Mr. Obeid Jaigirdar
Mr. Su, Chin Jung
Mr. Su, Wei - Han
Mr. Wu, Shen - Chung
Mr. Ivan Jaigirdar
Mr. Imam Hassan, FCA
Mr. Maqbul Ahmed, FCA
Chairman
Managing Director
Director
Director
Director
Independent Director
Independent Director
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Vision:

To be the market leader in every of our products” Our foremost aim is to think big, be the pace setter and modernizer. Since 2002, Hwa Well Textiles (BD) Limited is trying best and concrete plans to replicate its best practices in every of its offerings to its customers. It is the VISION that every employee of the organization is clear about.

Mission:

Hwa Well Textiles (BD) Limited uses the best prevalent tools to win and maintain the satisfaction trust and loyalty of its valued customers. Quality, Delivery and Innovation are the core elements of our philosophy. In order to provide uninterrupted services to the valued customers, a progressive and professional management team and a good employee program is set up to run the merchandising, commercial operations and production. Continues struggle with commitment is technique to accomplish this MISSION.


Research & Development and Quality Assurance:

The company has established a Research and Development department to ensure the quality of the fabrics with priority of our valued customer’s requirement. We always try to keep our best knowledge and professional and technical support to ensure the desired quality and quantity and are committed to deliver the goods within the scheduled time. The research and development department always trying to innovate some exceptional themes and ideas as of our customer’s choice and demand as worldwide renounced. The Company is OEKOTEX certified.


Nature of Business:

Hwa Well Textiles (BD) Limited runs the business of 100% Export oriented knitting dyeing and finishing of Textile Goods and Items.


CORPORATE GOVERNANCE

Company Profile Board of Directors Vision & Mission R & D and Quality Assurance Nature of Business Corp. Governance Status Corp. Governance Cirtificate

Status of Compliance with Corporate Governance Guide Lines:

Status of compliance with the conditions imposed by the Bangladesh Securities and Exchange Commission’s Notification No. BSEC/CMRRCD/2006-158/134/Admin/44 dated 07 August 2012:

Condition No.
Title
Compliance Status
Remarks (If any)
Complied
Not Complied

1. Board of Directors:
1.1 Board’s Size: The number of the board members shall not be less than 5(Five) and more than 20 (Twenty)

1.2 Independent Directors:
1.2(i) One fifth(1/5) of the total number of directors

1.2(ii) a) Does not hold any share or holds less than 1% shares of the total paid-up shares.

1.2(ii) b) Not connected with any Sponsor/ Director/ Shareholder who hold 1% or more shares of the total paid -up shares on the basis of family relationship.

1.2.(ii) c) Does not have any other relationship, whether pecuniary or otherwise, with the company or its subsidiary/associated companies.

1.2(ii) d) Not a member, director or officer of any stock exchange.

1.2 (ii) e) Not a shareholder, director or officer of any member of stock exchange or an intermediary of the capital market.

1.2(ii) f) Not a partner or an executive or was not a partner or an executive during the preceding 3(three) years of the concerned company’s statutory audit firm.

1.2(ii) g) Not be an independent director in more than 3 (three) listed companies.

1.2(ii ) h) Not been convicted by a court of competent jurisdiction as a defaulter in payment of any loan to a bank or a NBFI.

1.2(ii) i) Not been convicted for a criminal offence involving moral turpitude.

1.2(iii) Nominated by the board of directors and approved by the shareholders in the AGM.

Appointed one New Independent Director and placed for approval in the shareholder meeting in 13th AGM
1.2(iv) Not remain vacant for more than 90 (ninety) days.

1.2(v) Board shall lay down a code of conduct of all Board members and annual compliance of the code to be Recorded.

1.2(vi) Tenure of office of an independent director shall be for a period of 3 (three) years, which may be extended for 1 (one) term only.

1.3 Qualification of Independent Director (ID):
1.3(i) Knowledge of Independent Directors.

1.3(ii) Background of Independent Directors.

1.3(iii) Special cases for qualifications. N/A
1.4 Individual Chairman of the Board and CEO.

1.5 The Directors’ Report to Shareholders:
1.5(i) Industry outlook and possible future developments in the industry.

1.5(ii) Segment-wise or product-wise performance.

1.5(iii) Risks and concerns.

1.5(iv) Discussion on Cost of Goods sold, Gross Profit Margin and Net Profit Margin.

1.5(v) Discussion on continuity of any Extra-ordinary gain or loss.

1.5(vi) Basis for related party transactions.

1.5(vii) Utilization of proceeds from public issues, rights issues and/or through any others.

1.5(viii) Explanation of the financial results deteriorates after the company goes for IPO, RPO, Rights Offer, Direct Listing.

1.5(ix) Explanation about significant variance occurs between Quarterly Financial performance and Annual Financial Statements.

1.5(x) Remuneration to directors including independent directors.

1.5(xi) Fairness of Financial Statement.

1.5(xii) Maintenance of proper books of accounts.

1.5(xiii) Adoption of appropriate accounting policies and estimates.

1.5(xiv) Followed IAS, BAS, IFRS and BFRS in preparation of financial statements.

1.5(xv) Soundness of internal control system.

1.5(xvi) Ability to continue as a going concern.

1.5(xvii) Significant deviations from the last year’s.

1.5(xviii) Key operating and financial data of at least preceding 5 (five) year.

1.5(xix) Reasons for not declared dividend. N/A
1.5(xx) Number of board meetings held during the year and attendance.

1.5(xxi) Pattern of shareholding:
1.5(xxi)a) Parent/Subsidiary/Associated Companies and other related parties.

1.5(xxi)b) Directors, CEO, CS, CFO, HIA and their spouses and minor children.

1.5(xxi)c) Executives.

1.5(xxi)d) 10% or more voting interest.

1.5(xxii) Appointment/re-appointment of director:
1.5(xxii)a) Resume of the director

1.5(xxii)b) Expertise in specific functional areas.

1.5(xxii)c) Holding of directorship and membership of committees of the board other than this company.

2 CFO, Head of Internal Audit (HIA) and CS:
2.1 Appointment of CFO, HIA and CS and defining their responsibilities.

2.2 Attendance of CFO and CS at the meeting of the Board of Directors.

3 Audit Committee:
3(i) Constitution of Audit Committee.

3(ii) Assistance of the Audit Committee to Board of Directors.

3(iii) Responsibility of the Audit Committee.

3.1 Constitution of the Audit Committee:
3.1(i) At least 3 (three) members.

3.1(ii) Appointment of members of the Audit Committee.

3.1(iii) Qualification of Audit Committee members.

3.1(iv) Term of service of Audit Committee members.

3.1(v) Secretary of the Audit Committee.

3.1(vi) Quorum of the Audit Committee.

3.2 Chairman of the audit committee:
3.2(i) Board of Director shall select the Chairman.

3.2(ii) Chairman of the audit committee shall remain present in the AGM.

3.3 Role of Audit Committee:
3.3(i) Oversee the financial reporting process.

3.3(ii) Monitor choice of accounting policies and principles.

3.3(iii) Monitor Internal Control Risk management process.

3.3(iv) Oversee hiring and performance of external auditors.

3.3(v) Review the annual financial statements before submission to the board for approval.

3.3(vi) Review the quarterly and half yearly financial statements before submission to the board for approval.

3.3(vii) Review the adequacy of internal audit function.

3.3(vii) Review statement of significant related party transactions.

3.3(ix) Review Management Letters/Letter of Internal Control weakness issued by statutory auditors.

3.3(x) Disclosure about the uses/applications of funds raised by IPO/RPO/Right issue.

3.4 Reporting of the Audit Committee:
3.4.1 Reporting to the Board of Directors.

3.4.1(i) Activities of Audit Committee.

3.4.1(ii) The Audit Committee shall immediately report to the Board of Directors on the following findings, if any:
3.4.1(ii)a Conflicts of interests. No such Issue
3.4.1(ii)b Material defect in the internal control system. No such Issue
3.4.1(ii)c Infringement of laws, rules and regulations. No such Issue
3.4.1(ii)d Any other matter. No such Issue
3.4.2 Reporting to the Authorities. No such Issue
3.5 Reporting to the Shareholders and General Investors.

4 Engagement of External/Statutory Auditors:
4(i) Appraisal or valuation services or Fairness opinions.

4(ii) Financial information systems design and Implementation.

4(iii) Book-keeping.

4(iv) Broker-dealer services.

4(v) Actuarial services.

4(vi) Internal audit services.

4(vii) Services that the Audit Committee determines.

4(viii) Audit firms shall not hold any share of the company they audit.

5 Subsidiary Company:
5(i) Composition of the Board of Directors. N/A
5(ii) At least 1 (one) independent director to the subsidiary company. N/A
5(iii) Submission of Minutes to the holding company. N/A
5(iv) Review of Minutes by the holding company. N/A
5(v) Review of Financial Statement by the holding company. N/A
6 Duties of Chief Executive Officer and Chief Financial Officer:
6(i)a) Reviewed the materially untrue of the financial statement.

6(i)b) Reviewed about compliance of the accounting standard.

6(ii) Reviewed about fraudulent, illegal or violation of the company’s code of conduct.

7 Reporting and Compliance of Corporate Governance:
7(i) Obtain certificate about compliance of conditions of Corporate Governance Guidelines.

7(ii) Annexure attached in the directors’ report.

Sd/-
Su, Chin Jung
Managing Director


Certificate of Compliance with Corporate Governance:


Our Product:

-- Polar Fleece, Micro Fleece
-- Cotton, CVC, Single Jersey, Rib, Terry, Drop Needle, T/C, T/R, Nylon, Velour.
-- Buckle Fleece.
-- French/Baby Terry, T/C Fleece, Mini Check, Double Fleece.
-- Sherpa, T/R Strip Fleece, Double Knit Pique Fleece.
Defferent type of special treatment (Quick Dry, FR Treated, Teflon Coated etc.)
A progressive and professional management team and a good employee program are set up to run the merchandising, commercial operations and production.


Product Gallary:

Polar Fleece
Micro Fleece
Cotton CVC
Single Jersey
Rib
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Terry
T/C
T/R
Mesh
Pique
See Large Image..
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Our Customer

Our Customer Our Buyer

Our Customer:

We place customers at the heart of everything we do. Customer satisfaction is a key driver for our business; we believe that delivering what our customers want is the best way to grow our company. Customers talk to each other and businesses grow more when satisfied customers trust you enough to create an ongoing partnership. We aim to build these partnerships through the way we deal with customers and by living our values every day. With a philosophy built around focus and simplicity, we have established a clear strategy that puts customers at the centre of all our activities.


Our Main Buyer

Our Customer Our Buyer

Our Main Buyer:


Financial Information

Financial Statement Annual Report

Quarterly Financial Statement
Annual Financial Statement
Financial Year
Download Link
Download Link
Financial Year
Download Link
Download Link

2015-2016 Download Link-1 Download Link-2
2014-2015 Download Link-1 Download Link-2
2013-2014 Download Link-1 Download Link-2
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2015-2016 -- --
2014-2015 Download Link-1 Download Link-2
2013-2014 Download Link-1 Download Link-2
2012-2013 Download Link-1 Download Link-2
2011-2012 Download Link-1 Download Link-2
2010-2011 Download Link-1 Download Link-2
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Financial Information

Financial Statement Annual Report

Annual Report:

Annual Report
Annual Report
2014-2015
2013-2014


Investor Relations:

Hwa Well Textiles (BD) Limited welcomes you to the Investor Relation site to answer your questions or any inquiries.

 

Devabrata Saha
Company Secretary
Hwa Well Textiles (BD) Limited.

Head Office
138, Eastern Nibash, Flat#402, (4th Floor)
Gulshan Avenue, Gulshan-2, Dhaka-1212,
Phone: 8881244, 8881165
FAX: 88-2-8881253
Email: info@hwawelltex.com


Price Sensitive Information:

Date of Disclosures
Subject Download
07-09-2016 PSI Regarding Procurement of Floor Space Download Link
28-04-2016 Price Sensitive Information (PSI) regarding adoption of 3rd Quarter Financial Statements for the Nine months period ended 31 March 2016 Download Link
31-01-2016 Relevant information regarding to Price Sensitive Information (PSI) against Ref. No. HWTL/2016/SD/05 of Hwa Well Textiles (BD) Limited. Download Link
30-01-2016 Submission of Price Sensitive Information (PSI) of Hwa Well Textiles (BD) Limited. Download Link
28-10-2015 Board of Directors Meeting Regarding Corporate Declaration for the Year Ended 30 June, 2015 Download Link
   


AGM/EGM:

Meeting Date Related Documents
13th AGM 23th December, 2015 Notice, Proxy Form & Attendance Slip
12th AGM 18th December, 2014 Notice, Proxy Form & Attendance Slip
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Investor Relations

Investor Relations Price Sensitive Info AGM/EGM Dividend Share Information News Events

Dividend:
For The Year
Declared Dividend
Dividend Per Share (BDT)
Per Value Of Share (BDT)
Dividend Type
Date Of AGM/EGM

2014-2015
15%
1.5 Taka
10 Taka
Cash
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2013-2014
15%
1.5 Taka
10 Taka
Cash
Approved In 12th AGM on 18 Decmenber, 2014
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Shareholding Pattern as on 30 June 2015:

sl. Particulars No. of Shares Holding Holding %
1 General Public
25,114,500
44.85%
2 Sponsors/Directors
28,464,500
50.83%
3 Institution
2,421,000
4.32%
Total
56,000,000
100%


News:

Title
Description
News Title Notice of the 13th Annual General Meeting
News 13th Annual General Meeting will be held on Wednesday the 23th December, 2015 at 11:00 a.m at Spectra Convention Center, Road # 7, House No. # 19, Gulshan-1, Dhaka-1212, Bangladesh.
Post Date
09-Dec-2015
News Title Notice of the Divided Warrant Distribution
News After Courier Disbursement, Failed/Returned Dividend warrant distribution is going on Honorable Shareholders are requested to collect their Dividend warrant from Company'sHead Office at 138 Eastern Nibash, Flat - 402, Gulshan Avenue, Dhaka-1212.
Post Date
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News Title Notice of the 12th Annual General Meeting
News 12th Annual General Meeting will be held on Thursday the 18th December, 2014 at 11:00 a.m at Institution of Diploma Engineers, Bangladesh, IDEB Bhaban, 160/A, Kakrail VIP Road, Dhaka-1000.
Post Date
03-Dec-2014
News Title Subscription Opening and Closing Date
News For Resident Bangladeshis : Opening Date: 17/02/2014 & Closing Date: 23/02/2014
For Non-Resident Bangladeshis : Opening Date: 17/02/2014 & Closing Date: 04/03/2014
Post Date
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Corporate Social Responsbility:

The company always keeps touch with the factory workers as well as employees in the company. The company follows first the benefit of the employees of the company.

· No Bonded Labor
· Safe Working Conditions
· No Child Labor
· Reasonable Working Hours
· No Discrimination
· Regular Employment
· No Harsh Treatment


IPO ARCHIVE

IPO ALL RELATED INFORMATION:

Title
Description
Related Documents

Dividend Warrant Distribution Notice After Courier Disbursement, Failed/Returned Dividend warrant distribution is going on. Honorable Shareholders are requested to collect their Dividend warrant from Company's Head Office at 138 Eastern Nibash, Flat - 402, Gulshan Avenue, Dhaka-1212. --
Trading Notification Trading of the shares of Hwa Well Textiles (BD) Limited will commence from Wednesday, 14 May 2014 --
Courier Distribution Notification Courier Distribution Notification In PDF Format PDF
-- Courier Distribution Notification In MS Word Format DOC
TT Clean Rate For NRB Application NRB Application Receiving Venue: Kendrio Kochi Kachar Mela 37/A, Segun Bagicha, Dhaka. PDF
Distribution of Refund Warrant -- PDF
Dividend Warrant Distribution Notice 2013-2014 -- PDF
IPO Lottery Result IPO Lottery will be conducted by BTRC, BUET on 23-03-2014 at 10:30 am. At The Institution of Engineers, Bangladesh. Bank / Branch Code
General Public
Non resident Bangladeshi
Affected small investors
Mutual Fund
Distribution of Refund Warrant
Application Form Resident Bangladeshi(s)
Non-Resident Bangladeshi(s) (NRB)
Affected Small Investors
PDF
PDF
PDF
Prospectus Full Prospectus in PDF Format
Full Prospectus in Ms Word Format
Printed Version Full Prospectus in PDF Format
PDF
DOC
Printed PDF
AGM Notice Notice of the 12th Annual General Meeting PDF
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Contact Us

Company Location Address Contact Person Information

Company Location Address

Register Office Address:
138, Eastern Nibash, Flat#402, (4th Floor)
Gulshan Avenue, Gulshan-2, Dhaka-1212, Bangladesh.
Tel: 8881244, 8881165, Fax: 880-2-8881253.

Factory Location:
Village: Kashorgor, Post: Seed Store Bazar
Habirbari Union No-10.
Bhaluka, Mymenshingh.
Site Map Registered Office:
wordpress-themes.org

Contact Us

Company Location Address Contact Person Information

Contact Person Information

Company Secretary Contact Info:
Mr. Devabrata Saha
Head Office
138, Eastern Nibash, Flat#402, (4th Floor)
Gulshan Avenue, Gulshan-2, Dhaka-1212,Bangladesh.
Email: info@hwawelltex.com Tel: 8881244, 8881165, Fax: 880-2-8881253.
Marketing Department:
Md. Ismail Hossain - Email: ismail@hwawelltex.com
Md. Shamim Bhuiya - Email: shamim@hwawelltex.com
Md. Luthfor Rahman - Email: rahman@hwawelltex.com
Md. Humayun Kabir - Email: humayun@hwawelltex.com
Md. Hasan Ali - Email: hasanali@hwawelltex.com