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Current Scenario of Shinepukur Ceramics Ltd

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Current Scenario of Shinepukur Ceramics Ltd

Shinepukur Ceramics Limited (SCL) was incorporated in Bangladesh on 26 January 1997 under the Companies Act, 1994 as a Private Limited Company and commenced its manufacturing operation in 1999. The company was established with both individual and institutional shareholding but later the company was fully acquired by Bangladesh Export Import Company Limited ( Beximco) in 2005. The Company was converted into a Public Limited Company on 7 May 2008.

The Shares of the Company have been listed in the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on 18 November 2008 under the DSE and CSE Direct Listing Regulations 2006.

Currently Beximco Group and its Associates owns 76.38% of the shares. Financial Institutions own 8.43% and Other Investors and General Public own remaining 15.19% of the ordinary shares.

The company operates in a single industry segment. It is engaged in manufacturing and marketing of high quality Porcelain and high value added Bone China Tableware, which it sells in the local as well as international markets.
During the year local sale of the products decreased by 9.57% but export sales for the year grew by 15.27%. The overall sales increased by 10.37%.

Currently About 95% of the Raw Materials, in addition to all the machineries, and major Spare Parts, are imported from overseas, mainly Japan, New Zealand, UK, Germany, China, Thailand, India, Korea and Taiwan. FERRO GmbH, GERMANY is one of the main suppliers.

Moreover most international competitors were driven out by the rising cost of the raw materials but SCL has managed to not only retain its current market but increase its international market share as well. Their major market share is focused in Europe. Royal Doulton, UK purchases more than 10% of the total sales.

On 18 January 2009, a Memorandum of Understanding

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