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Malek Spinning Mills Plc (Bangladesh)

Main Activities: Textile Mills
Full name: Malek Spinning Mills Plc Profile Updated: June 19, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Malek Spinning Mills Limited (MSML) is a prominent spinning mill located in Dhaka, Bangladesh. It was established in January 1991 and became a Public Limited Company in September 2008. With approximately 64,000 spindles, MSML is one of the largest and most modern spinning mills in the country. The founders of the company are a group of dynamic entrepreneurs who have played a significant role in the development of Bangladesh's textile sector. MSML is known for its high-quality yarn, which is produced using 100% US Cotton. The company is a deemed exporter, supplying 100% of its yarn to local (knit) garments manufacturers. These manufacturers then export the garments to renowned apparel retailers worldwide. MSML was one of the first spinning mills in Bangladesh to receive Uster certification, ensuring the superior quality of its yarn. The company is located in Shafipur (Kaliakoir), Gazipur, Dhaka, Bangladesh. MSML has a daily production capacity ranging from 30,000 kg to 33,000 kg. It employs around 1,400 individuals. The spinning mill is equipped with advanced technology, including Ring Frames from Laksmi, Autoconers from Schlafhorst, and an A.C Plant from LUWA. MSML also has a testing laboratory equipped with instruments from Uster and utilizes the Oracle ERP system. MSML's product range includes ring-spun yarn with combed yarn counts ranging from 20Ne to 40Ne and carded yarn counts ranging from 18Ne to 50Ne. The company's capacity is 35,000 kg per day. MSML holds certifications from C.C.I and Uster, further demonstrating its commitment to quality and excellence.

Legal Address
117/A, Tejagaon Industrial Area
Dhaka; Dhaka; Postal Code: 1208

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Website: http://www.newasiabd.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1989
Key Executives
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Chairman
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Chief Financial Officer
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Managing Director
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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39.158%
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13.505%
Subsidiaries
J.M. Fabrics Ltd.
99.998%
Newasia Synthetics Ltd
99.293%
Salek Textile Ltd
97.925%
Company Performance
Financial values in the chart are available after Malek Spinning Mills Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BDT. Absolute financial data is included in the purchased report.
Net sales revenue
34.45%
Total operating revenue
34.45%
Operating profit (EBIT)
678.43%
EBITDA
346.63%
Net Profit (Loss) for the Period
N/A
Total assets
19.61%
Total equity
12.26%
Operating Profit Margin (ROS)
8.61%
Net Profit Margin
N/A
Return on Equity (ROE)
N/A
Debt to Equity Ratio
22.6%
Quick Ratio
0.17%
Cash Ratio
0.15%

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