Corporate Profile

Background :

Delsey Cotton Dpinning Mills Ltd. (hereinafter called “DCSML” or “the company”), a business unit of Naheed Group (NG), is one of the leading export oriented cotton yarn manufacturing company of the country. The company was incorporated on 07 July 2002 as a private limited company as the second successive business venture of the group. Started its operation with 55728 spindles capacity, the company has currently been operating with some spindles having average production capacity of 28.60 tones per day and produce cotton yarn ranging from 22 to 47 counts yarn. The company was initiated and led by Mr. Md. Abdul Waheed having profound knowledge and experience in textile sector. The company started commercial operation on 01 July 2003 with a paid up capital of TK. 380.30 million which was subsequently been enhanced to TK. 495.80 million. The project of the group is built on 7.39 acres land of the group at Mirapur, Tangail having factory plinth of the company 3,22,000 sft with all utility facilities. The Head Office of the company is located at BSRS Bhaban (12th Floor), 12 Kawran Bazar, Dhaka and the factory is located at Gorai, Mirzapur, Tangail.

IT in MIS and Internal control :

Being a textile company of Bangladesh, the IT system of   DCSML is yet to arrive at satisfactory level. The company uses in-house developed software (front end visual basic) which is used for accounting, inventory management and sales process. However, the company does not have any separate IT department for maintaining the system. Although the company has an internal audit team comprising of an adviser (Retired Sr. Banker) and four executives of accounts department to ensure structured internal control procedures to safeguard the assets, promote operating efficiency and ensuring compliance with applicable policies and regulations.