Financial Analysis
Chapter: 01 (Introduction)
1.1 Background
APEXADELCHI FOOTWEAR LIMITED.
The history of Apex is not very old. Still it is one of the oldest Footwear and Leather Company in Bangladesh. The company was established in 1990 as a proprietorship company at Hazaribagh in Dhaka. In the very beginning, it used to operate as leather production from rawhide and exporting. From the year 1993/94, the firm started to deal as foreign buyer’s representative and leather chemical distributor .All functions of the company are related to leather only, from marketing up to technology transfer.
APEXADELCHI FOOTWEAR LIMITED, a leading manufacturer and exporter of leather footwear from Bangladesh to major shoe retailers in Western Europe, North America and Japan. The company has revenues of USD 42 million in 2006. AAFL pioneered the export of value added finished products export in the leather sector of Bangladesh and is also involved in the local footwear retail business with the second largest shoe retail network in the country. AAFL has equity, technical and marketing participation from La Nuova Adelchi one of the largest footwear manufacturers of Italy. Public listed and traded since 1993, AAFL is professionally managed, currently employs 3944 persons and is in full compliance with Corporate Governance Compliance Report under Section 2CC of the Securities Exchange Commission Notification Order.
VISION “Honest Growth”
MISSION
Sustainable Growth Vendor of Choice creating value for our shareholders Proactive compliance Corporate Social Responsibility
COMPANY PROFILE
Name of the Company: APEX ADELCHI FOOTWEAR LIMITED
Date of Commencement of Business as Apex Footwear Limited: January 04, 1990
Name Change to Apex Adelchi Footwear Limited: December 27, 2006
Type of Company: Public Limited Company
1.2Objectives
#Respect for people
- Demonstrate respect by developing our people and helping them to achieve high #performance standards.
- Treat all people with
1.1 Background
APEXADELCHI FOOTWEAR LIMITED.
The history of Apex is not very old. Still it is one of the oldest Footwear and Leather Company in Bangladesh. The company was established in 1990 as a proprietorship company at Hazaribagh in Dhaka. In the very beginning, it used to operate as leather production from rawhide and exporting. From the year 1993/94, the firm started to deal as foreign buyer’s representative and leather chemical distributor .All functions of the company are related to leather only, from marketing up to technology transfer.
APEXADELCHI FOOTWEAR LIMITED, a leading manufacturer and exporter of leather footwear from Bangladesh to major shoe retailers in Western Europe, North America and Japan. The company has revenues of USD 42 million in 2006. AAFL pioneered the export of value added finished products export in the leather sector of Bangladesh and is also involved in the local footwear retail business with the second largest shoe retail network in the country. AAFL has equity, technical and marketing participation from La Nuova Adelchi one of the largest footwear manufacturers of Italy. Public listed and traded since 1993, AAFL is professionally managed, currently employs 3944 persons and is in full compliance with Corporate Governance Compliance Report under Section 2CC of the Securities Exchange Commission Notification Order.
VISION “Honest Growth”
MISSION
Sustainable Growth Vendor of Choice creating value for our shareholders Proactive compliance Corporate Social Responsibility
COMPANY PROFILE
Name of the Company: APEX ADELCHI FOOTWEAR LIMITED
Date of Commencement of Business as Apex Footwear Limited: January 04, 1990
Name Change to Apex Adelchi Footwear Limited: December 27, 2006
Type of Company: Public Limited Company
1.2Objectives
#Respect for people
- Demonstrate respect by developing our people and helping them to achieve high #performance standards.
- Treat all people with