Acknowledgement

The internship opportunity I had with SQUARE TEXTILES was a great chance for learning and professional development. Therefore, I consider myself as a very lucky individual as I was provided with an opportunity to be a part of it. I am also grateful for having a chance to meet so many wonderful people and professionals who led me though this internship period.
Bearing in mind previous I am using this opportunity to express my deepest gratitude and special thanks to the MD of [Company name] who in spite of being extraordinarily busy with her/his duties, took time out to hear, guide and keep me on the correct path and allowing me to carry out my project at their esteemed organization and extending during the training.
I express my deepest thanks to [Name Surname], [Position in the Company] for taking part in useful decision & giving necessary advices and guidance and arranged all facilities to make life easier. I choose this moment to acknowledge his/her contribution gratefully.
It is my radiant sentiment to place on record my best regards, deepest sense of gratitude to Mr. /Ms. [Name Surname], [Position in the Company], Mr./Ms. [Name Surname], [Position in the Company], Mr./Ms. [Name Surname], [Position in the Company] and Mr./Ms. [Name Surname], [Position in the Company] for their careful and precious guidance which were extremely valuable for my study both theoretically and practically.
I perceive as this opportunity as a big milestone in my career development. I will strive to use gained skills and knowledge in the best possible way, and I will continue to work on their improvement, in order to attain desired career objectives. Hope to continue cooperation with all of you in the future,
Sincerely,
Name Surname: Md.Mudasser Hossain
Place:

Date:

METHODOLOGY
Data collection:
The data needed to prepare this report has been collected from both primary and secondary sources.
Primary Data:
The primary data includes the supervisory training and guidance both from my supervisor and the Employee of the SQUARE textiles. I have also collected relevant data from the surveys which only the internal officials get access to.
The majority of the primary data has been collected through personal interviews and discussions with both the employees and the employers of SQUARE textiles. Other than the primary data also includes information from the experience that I have gathered from working in the organization. It involves information from self-learning about tasks that I have been guided and shown to do.
Secondary data:
Secondary data has been collected through relevant books, annual report and different manuals of SQUARE Group, and other published papers. It has also been used from the existing information about the company profile which was available in booklets of the company. The company website of SQUARE group was greatly at help to gather some important information about the company background.

Limitations of the study
I tried my level best to enrich and complete this report although there are some limitations which are as follows:
 Unfortunately due to the company’s limitations (business secrecy and confidentiality), I was unable to acquire sufficient information.
 Personal barriers like inability to understand some official terms; office decorum etc. created a few problems for me.
 Time was also a limitation. Gathering a huge amount of information during working for only three months was really a difficult job.

EXECUTIVE SUMMARY

SQUARE textiles limited is one of the ventures of Square. The first unit of Square Textiles limited was established in 1997. It is a public limited company incorporated with Registrar, joint stock Companies and firms under Companies Act 1913. The share of the Company are listed in the Dhaka stock exchange limited (DSE) and Chittagong stock exchange limited (CSE) The company got ISO-9002 certificate in 2000. It manufactures 100% cotton yarn. Its target market is the export oriented readymade garment industry. It owns two units of spinning mill and its activities and operation are related with manufacturing and marketing of yarn. In this report, I have tried to analyze the performance of the company based of different financial statement. I have calculated growth in percentage of different components such as sales, net income, Earning per share, I have collected data from the annual report and the website of the Square textiles limited for analysis purpose. I have given my comments about firm’s performance, different problem and I have given suggestions also.

SQUARE today symbolizes a name – a state of mind. The company was founded in 1958 by Samson H. Chowdhury But its journey to the growth and prosperity has been no bed of roses. From the inception in 1958, it has today burgeoned into one of the top line conglomerates in Bangladesh. Square Pharmaceuticals Ltd., the flagship company, is holding the strong leadership position in the pharmaceutical industry of Bangladesh since 1985 and is now on its way to becoming a high performance global player. SQUARE today is more than just an organization, it is an institute. In a career spanning across four and half decades it has pioneered the development of the local business in fields as diverse as Pharmaceuticals, Toiletries, Garments, Textile, Information Technology, Health Products, Food Products, Hospital, etc. With an average Annual turnover of over US$ 200 million and a workforce of about 3500 the SQUARE Group is a true icon of the Bangladesh business sector. (textiles, square textiles facebook Page, 2015)

Corporate History of SQUARE Group For young Samson H. Chowdhury, the resource was very small but the dream was too big. With three of his friends Square was setup as a partnership firm in 1958. First three years the firm was in loss and from the fourth year, they started to make profit. Within six years, in 1958, square annual turnover crosses one million taka. In 1974, Square enters into a technical cooperation with Johnson pharmaceuticals. By 1985, square becomes a leading pharmaceuticals company in Bangladesh and since start exporting finished goods. In 1994, Square Pharmaceuticals becomes a public limited company. Having continuously invested in state of the art technology and ensuring highest quality standard by professional workforce and guided by dynamic leadership. Square, today is one of the largest, most respected and trusted corporate group in the country. In 1988, Square Toiletries Limited was established. Square Toiletries production is carried out at its three automated plant. Square Toiletries Limited is one of the largest Bangladeshi company produces over 40 products for consumer. Square Toiletries Limited is also the pioneer in introducing a number of products in Bangladesh. In 1997, Square entered the textile sector with its manufacturing facilities of cotton yarn. By the year 2002, it has invested more than 18 million us dollar in this sector. Today, Square’s textile division has one of the most sophisticated vertically integrated setups. Square Textiles Limited, Square Spinning Limited, Square Knit Fabrics Limited and Square Fashions Limited are the four companies that comprehensively cover all the goods and services provided in the knit apparels industry. Established in the year 2001, Square knit Fabrics Limited and Square Fashions Limited is producing goods, which are unique in this part of the world. Today Square catering customers like Marks & Spencer, Spirit, Puma and Max.Dreams for a better future with better health care services, now become a reality; Square has expanded its services to the hospital industries. Multi disciplinary hospitals with specialty in cancer, cardiac and pediatrics Square Hospital’s have one-step state of the art diagnostic services in its world. (squareconsumer product ltd, 2016)

Sister Concerns
Square group and its other concerns are:

Square Pharmaceuticals Ltd.
SQUARE Pharmaceuticals Limited is the largest pharmaceutical company in Bangladesh and it has been continuously in the 1st position among all national and multinational companies since 1985. It was established in 1958 and converted into a public limited company in 1991. The sales turnover of SPL was more than Taka 11.46 Billion (US$ 163.71 million) with about 16.43% market share (April 2009– March 2010) having a growth rate of about 16.72%. (squarepharma.com.bd/index.php, 2016)

Square Textiles Ltd.
SQUARE first ventured into the textile sector with the establishment of the first unit of the SQUARE Textiles Ltd. in 1997. A year later the establishment of sin the country. The second unit followed. Today it has one of the most sophisticated vertically integrated set-up Some of SQUARE Group's ventures in the textile arena are: SQUARE Textiles Ltd., SQUARE Spinning’s Ltd., SQUARE Fashions Ltd. SQUARE Yarns Limited and RASTAS Apparels Ltd
. (square textiles web site , 2015) SQUARE Toiletries Ltd Started its journey in 1988 with a single product as a separate division of SQUARE Pharmaceuticals. In 1994, SQUARE Toiletries Ltd. becomes a Private Limited Company. At present, STL is the country's leading manufacturer of international quality cosmetics and toiletries with over 50 products. Currently, STL is Carrying out its production in its two automated plants at Rupsi and Pabna. Depending on the nature of products, formulation and packaging, STL has product specific machinery. STL uses raw materials from the world renowned suppliers like Dragoco, Firmeuich etc. STL always performs international standard production process which follows the Good Manufacturing Practice (GMP). (squaretoiletries.com/, 2016)
Square Food & Beverage
Square Food & Beverage Limited started its operation as an individual company. Within a very short span of time SCPL has drawn the attention of the consumers by providing quality products and preferred services.
Square Agro Development and Processing Ltd.
SQUARE has setup a plant tissue culture laboratory to develop agricultural/agro processing sector in the country and is committed to bring improved quality planting materials and year round production through AgriBiotech. The major activities of AgriBiotech is to provide disease free, stress free, high yielding seed & seedlings such as potato, banana, ginger, turmeric and some flowers including varieties of orchids to the farmer & nurserymen to solve quality seed problems in this agro based country. Well-equipped around 4000 square feet tissue culture laboratory is situated at Uttara, a convenient location, having careful designing and planning, facilitated to produce 10,00000 seedlings per year. The other activities of this project will be of research and development in the field of Biotechnology to protect some of endangered medicinal plant and to bring some new as cane, rattan, bamboo which is almost extinct in the country. Mediacom Ltd. Mediacom Limited emerged in the year 1997 as an in-house agency of Square Group, one of the largest and most respected business conglomerates in Bangladesh. Within a short time of its inception, it grew steadily into a full-service advertising agency. Over the years, it attained its current height of one of the leaders in the local field. During this period, Mediacom has earned the reputation of being the most strategy-based agency in the country. (http://mediacombd.com/, 2015)

Aegis Services Ltd.
Aegis Services Limited is a sister concern of SQUARE Group. Realizing the necessarily of a professional security organization for the protection various industries, plants, projects and houses Square Pharmaceuticals Limited took the venture to organize a modern, well trained and professional security organization which was given the name “Aegis Services Limited”. ‘Aegis’ means impregnable protection or shield. (aegis.com.bd, 2016)
Square Air Ltd
Square Air Ltd, a member of Square Group has launched helicopter service recently. In order to facilitate the movement safely and comfortably for top executives, as well as Air ambulance/ EMS service for Square Hospital, Square Air has purchased a brand new world renowned Bell 407 helicopter. (http://squareair.com.bd/, 2016)

Square Hospitals Ltd.
SQUARE Hospitals Ltd., a concern of Square Group, is a 300 bed tertiary care hospital. The hospital is an affiliate partner of Methodist Healthcare, Memphis, Tennessee, USA; Christian Medical College-Vellore, India; and Care IVF (In-vitro fertility centre) Centre, Singapore. Square Hospitals' vision is to become the location of choice for Bangladeshis and people of South and South East Asia for quality healthcare. (square hospital offical web site , 2016) Square Securities Management Ltd.
SSML (Square Securities Management Limited), a concern of leading industrial group SQUARE having the Membership in Dhaka Stock Exchange Limited & Chittagong Stock Exchange Limited is dealing with trust in the Capital Market. SSML is also a full service DP of Central Depository Bangladesh Limited. Since its inception in 1998 SSML is providing best services to the clients by a smart and dedicated working team with a high technical support. As a part of expansion it is opening Branches in different location and different districts in the country to provide the brokerage services of substantial and diversified clients including corporate, financial institutions and high net-worth individuals. (http://ssml.com.bd/, 2016)
Background History of SQUARE Textile
Square Textiles Ltd., one of the most successful spinning units in Bangladesh is primarily engaged in manufacturing high quality 100% cotton spun knit yarn for the export oriented knit Fabric and knit garments manufacturers in Bangladesh It started its operation from 1997 with its first unit of 36,288 spindles. Over the years, it increased its production potential and gradually improved the efficiency, productivity and customer satisfaction. At present Square Textiles Ltd. is producing about 35 metric tons of hosiery yarn per day ranging from counts Ne 20/1 to Ne 60/1. And it is now considered as one of the most preferred sourcing houses for consistent and reliable knitting yarn .To produce this 35 MT of yarn per day, Square Textiles Ltd. primarily depends on medium staple high-grade upland cotton imported from Uzbekistan, USA, West Africa, etc. The use of Uzbek cotton has given an added advantage in last few years to Square over the imported yarns from India, which are primarily made from Indian cotton.
SQUARE steps into the textile sector with establishment of its first unit -SQUARE Textiles Ltd. in 1997. A year later, SQUARE step on to its second unit. In the same premises, SQUARE established its third unit on 2000. Square Textile is a subsidiary company of Square Group. The Company was incorporated as a public limited company in the year of 1994. . The operation was started in 1997. It was enlisted in Dhaka Stock Exchange & Chittagong Stock Exchange in 2002. Within a very short time of span the company achieved some significance success. Square Textile receives Oeko-Tex standard 100 and ISO-9002 certificates in the year 2000. Authorized capital of the company is tk. 1000 million. It’s paid- up capital is tk. 251.90 million. 1,223 employees are working in this organization. The business lines of Square Textiles Limited are manufacturing and marketing of yarn. Target Market Export Oriented Readymade Garments Industry .SQUARE invest 20.00 mln USD in their 1st unite 13.50 mln USD in their 2th unit & 12 mln on 3rd unit. (textiles, square textiles facebook Page, 2015) (square textiles web site , 2015)

Production capacity of Square Textiles Ltd:
SQUARE textiles Limited 1. Unit 1: Daily production capacity of 15,000 kgs. 2. Unit 2(R): Daily production capacity of 10,650 kgs 3. Unit 2 (BT): Daily production capacity of 6,100kgs 4. Unit 3: Daily production capacity of 33,600kgs 5. Extension: 5000 Kgs daily

SQUARE Yarns ltd.
The latest addition to spinning capacity of Square Yarns ltd . To manufacture blended and specialty yarns using latest state of art spinning technology. These units established on 2006 which Produce 20,000kgs in Daily.

SQUARE Fashion yarn daily produce 14,500 kgs in Unit 1 & 6,500 in Unit2.

SQUARE texcome ltd produce 10,700 kgs in Daily.

Square Fashions Ltd.
The Square Fashions Ltd established on 2001 and Manufacturing Readymade Knit Apparel. Square Fashions Ltd. Product range are T-shirts & Polo shirts, Tank tops, Pajamas, Sport wear, Under garments, Men’s & Ladies fashion wear, Kids wear, etc. Square Fashions Ltd. Production Capacity (per day) is 1400 dozen of T-Shirt, 1200 dozen of Polo Shirt, 1400 dozen of Women & Kids wear and 1000 dozen of undergarment.

Product of SQUARE textiles LTD.
Product Range (Yarn) 1. 100% conventional cotton yarn. 2. Value added and Sustainable cotton yarn. 3. Rayon yarn. 4. Linen Blend. 5. Polyester. 6. Recycle (GRS Standard) 7. Tri blend / Multi blend. 8. 8Melange. 9. 9Fancy yarn. 10. Two ply/ Multy ply twisted yarn 11. Developing Stage.

Technical Details
Machinery Details
Blow room, Carding, Drawing and Combing Reiter, Humidification Plant: Luwa Imported from Switzerland .Simplex / Fly Frame: Electroject, Ring Frame: Electrojet, Air cooling / Chiller Shuangliang From china. Auto cone winding: Savio from Italy and. QC Equipment from Uster Technologies AG.

Achievements of SQUARE Textile

1994 Year of Establishment (Incorporate as a public limited company).1997 Year of Operation.2000 Award Oeko- tex –standard 100 certificate.2000 Awarded ISO-9001:2008 certificates.2002 Listing with Dhaka stock exchange ltd.2002 Awarded Cotton USA certificate.2003 Awarded SUPIMA license.2007 Awarded Global Organic Textile Standard (GOTS).2008 Awarded Cotton made in Africa (Cmia)2009 Awarded USTERIZED Certificate.2010 HSBC export excellence Awarded.2011 Authorized Capital BDT 3,000 Million.2014 Paid up Capital BDT 1,478.62 Million.2014 2,092 number of Employees . (textiles, SQUARE Textiles Limited facebook page , 2015)
Textile Industry in Bangladesh
The textile and clothing (T&C) industries provide the single source of economic growth in Bangladesh's rapidly developing economy. Exports of textiles and garments are the principal source of foreign exchange earnings. Agriculture for domestic consumption is Bangladesh’s largest employment sector. By 2002 exports of textiles, clothing, and ready-made garments (RMG) accounted for 77% of Bangladesh’s total merchandise exports. By 2013, about 4 million people, mostly women, worked in Bangladesh's $19 billion-a-year industry, export-oriented ready-made garment (RMG) industry. Bangladesh is second only to China, the world's second-largest apparel exporter of western brands. Sixty percent of the export contracts of western brands are with European buyers and about forty percent with American buyers. Only 5% of textile factories are owned by foreign investors, with most of the production being controlled by local investors. Bangladesh's textile industry has been part of the trade versus aid debate. The encouragement of the garment industry of Bangladesh as an open trade regime is argued to be a much more effective form of assistance than foreign aid. Tools such as quotas through the WTO Agreement on Textiles and Clothing and Everything but Arms and the US 2009 Tariff Relief Assistance in the global clothing market have benefited entrepreneurs in Bangladesh's ready-made garments industry. Bangladesh, with apopulation of about 156 million, is among the most densely populated countries in the world. In 2012 the textile industry accounted for 45% of all industrial employment in the country yet only contributed 5% of the Bangladesh's total national income. (www.assignmentpoint.com, 2015)

SQUARE Contribution in Bangladesh economic

VIP status company for Highest Tax Paying in Bangladesh

Public Limited Pharmaceutical Company of Bangladesh. Mr. Samson H. Chowdhury, Honorable Chairman of SQUARE Group is the 4th Highest Taxpayer of Bangladesh. Mr. Samuel H. Chowdhury, Honorable Vice Chairman of SQUARE, Mr. Tapan Chowdhury and Mr. Anjan Chowdhury, Honorable Managing Director of SQUARE is among the top 25 individual taxpayer of the country and has also given VIP Status. (National Board Of Revenue , 2011)

Business Strategy
The strategic Goals and Objectives of the Company are to strive hard to optimize profit though conduction and transparent business operations and to create more competitive in the internal and external market.

SWOT Analysis

a study undertaken by an organization to identify its internal strengths and weaknesses, as well as its external opportunities and threats. SWOT Analysis is a useful technique for understanding your Strengths and Weaknesses, and for identifying both the Opportunities open to you and the Threats you face.

STRENTHS

Square Textiles Ltd. is a rapidly expanding Company. After starting its journey in 1998 it has already doubled the net turnover by the year of 2006. All the units of the factory enjoy higher use of machinery that is imported from Germany, Switzerland, Italy & Japan. As a result it can maintain a smooth rate of production. Well trained human recourses are strengths of the company. They train up their key personal within the country and in abroad. In this way the company can get some competitive advantages over the competitions. The HRM practice is also remarkable in Square Textiles Ltd.

1.High profiles Sales network: Square have world class sales network. This is the best strengths of the square group to successful their business.

2. Work environment: Square have tops class working environment with lunch facilities.

3. Experience Business Units: Square always recurred the best of the best so they have the most talented & Experience Business units among other in the Country.

WEAKNESS

Square Textiles Ltd. is highly dependent on Cotton. And raw materials of cotton are becoming expensive. Sometimes transaction time at Ports and transportation time create many problems there. And the higher taxes, power and interest rates are also included in weaknesses of this textile company.

1. Competitive market: In open market Business Strategy there are so many competitor businesses with the same thing so the business became competitive in day by day.

2. Tax Structure: In Bangladesh there are not much sufficient tax Structure for the business. On the other hand the government includes new tax to the business so it’s a very weakness for a running business to increase their role in the field.

3. Low investment in research & development: Square have good quality employee group but square didn’t spend much money on research & development to increase their work ability.

Opportunity

There are bright opportunities for the Company in the overseas market. If it can communicate well and capture a significant market portion in the Europe and USA market, it can be the leader in textiles fields. Growth rate of Domestic Textile Industry is increasing. Besides this, Product development and Diversification are also happening to cater global needs.

1. Growing demand of economy: Day by day the Consumer demands are increase and the economical stats are higher than the previous it’s one of the great opportunity to a business.

2. New Market: Day by day the area of Business are increase many new Business place a found by the Marketer so finding new Business Market is very good sign for a Company .

3. Increase level of income: People income level increase is a good sign for a Business. When Consumer income levels is high then they are ready to buy a new product in a high rate so it’s a good Opportunities for the Business.

Threats
For Square Textiles Ltd. Competition level is increasing both in local and abroad market. And the competition will be stiffer among the other foreign competitors like Srilanka, China, Pakistan and India are prominent. To balance between demand & supply and price & quality are also included in threats this company.

1. Cash Flow & price change: When the cash flow of the money are increases then the price of the product are always changed so far the impact of the price changing of the product is very harmful for the Business.

2. Increase of the Business competitors: When a company Success on the Business field. Then many new competitors are com to the business to take the position of the company. New Business Competitors are big threats for an Established Company.

3. Government Regulation: Government put some rules for the Company to control their Business. As a result the Business environment are disturbed and it’s very confusing moment for the company to continue their business.

PROCESS SEQENCE OF RING SPUN YARN

For KARDED Yarn For COMBED Yarn

PER COMB DRAWING CARDING Blow Room

BREAKER DRAWING CARDING BLOW ROOM SIMPLEX FINISHER DRAWING COMBER LAP FORMER (Unilap) WINDING RING SPINNING SIMPLEX FINSHER DRAWING

RING SPINNING HEAT SET (Conditioning) MARKETING PACKING HEAT SET (Conditioning) WINDING MARKETING PACKING

Garments

Fabric

Buyer

Marketing Yearn

Rawmateril
(Cotton)
Flow chart of Textile Industries

Consumer

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