Management Information

MESSAGE FROM THE CHAIRMAN

Dear Valued Shareholders

Assalamu Alaikum

It is indeed a great pleasure and honor for me to welcome you on this 26th Annual General Meeting of Alif Industries Ltd.  It is also a great privilege for me to place before you the Annual report along with audited Financial Statements of the company, auditors report and Directors report there on for the year ended on 30th June 2018.

2017-18 has been moderate year for the Company. Over the last year, we continued to develop the business strategy, channeling our resources with a long term vision to strengthen our performance. As a result, despite all obstacles, last year (2017-18), we have made possible your company to continue in export.

I am delighted to inform all of you that your company has made remarkable performance by exporting worth of USD 7.3 million in the year under report.  I would like to give special thanks to all stakeholders including honorable shareholders whose continuous support and the management and all employees, whose continuous hardworking made it possible to achieve such performance. I expect the honorable shareholders will extend their continuous support to help growing our business as they always did in the past as well.

As you already know that with the continuous effort of the management and the stakeholders, your company has got approval for re- listed in the main bourses of Dhaka Stock Exchange Ltd (DSE) and Chittagong Stock Exchange Ltd (CSE) on December 17, 2017 and January 24, 2018 respectively. This is one of the remarkable achievement for any company in the history of capital market. You all are patrons for such remarkable achievement.

I sincerely believe that good governance is very vital for success and improvement for the company. I also glad to report that the company has an audit committee, which regularly review the financial transaction. The management is fully aware of risk factors of the economy and the industry as well and take measures to address risk. The company has also internal financial control system that gives reasonable measures to the Board of Directors for their guidance.

Finally, I would like to take the opportunity on behalf of Board of Directors and express my deepest appreciation to all our valued shareholder, customers, and clients, well-wishers for their heartiest support and interest for the betterment of the company. I sincerely hope that the same support would continue in the future to come.

With best Wishes

Md. Azizul Islam

Chairman

Alif Industries Ltd.

MESSAGE FROM THE MANAGING DIRECTOR

Dear Shareholders, Colleagues, Ladies and Gentleman

I feel grateful to you all for making time to attend this 26th Annual General Meeting of the Company. While I welcome you on my behalf, I assume you all have received copies of Annual Report 2017-18 of the company containing Director’s report along with Financial Statements and Notes to the Accounts for your review and evaluation.

As you already know that with the continuous effort of the management and the stakeholders, your company has got approval for re- listed in the main bourses of Dhaka Stock Exchange Ltd (DSE) and Chittagong Stock Exchange Ltd (CSE) on December 17, 2017 and January 24, 2018 respectively. This is one of the remarkable achievement for any company in the history of capital market. You all are patrons for such remarkable achievement.

You may have already noticed that our series of initiatives that we took in 2014-15 now start bearing fruits. In 2014-15, we took some bold initiatives like raised capital to pay off bank loans, discontinue the dyeing business unit and focus full fledge on exporting of knit garments.  All these initiatives that we took and the hard work of the management, employee and all the stakeholders made it possible to make the company export oriented knit garments. The result – in last year (2016-17) we have made significant performance of exporting Knit garments. In this year (2017-18), we have exported over 4 million pcs of knit garments, worth of USD 7.3 million, In addition to that, we have also made some contract manufacturing for export, which I think added to the company’s bottom line. In this year (2017-18), we are able to utilize 94% of our production capacity. We are continuously working to increase the capacity utilization in the upcoming years.

I would like to mention here that your company is continuously pressing hard for expanding its export sale. You will be happy to know that we have already found some more international buyers for our export sales.  We believe, our strong brand and excellent customer relationship will help us to grow our sales volume at a satisfactory level in upcoming years as well.

In the end, we are thankful and grateful to you, shareholders, for keeping trust and con­fidence on us. It is required to mention here that your valued suggestions, advices and continuous support de­finitely worked crucially for the continuous development and growth of the business. We want to express our recognition providing thanks to the commitment, dedication and hard work on the employees of Alif Industries Limited who are core strength of our success.

I wish all the best for the better and more productive future for our shareholders, employees and the country.

Sincerely

Md. Azimul Islam

Managing Director