Company Profile
Overview:
Bengal IRIS TAKUMI LTD.
Establishment Date: 21st March 2024
Registration No: C-194385
Address: Lot No. D1, Bangladesh Special Economic Zone,
Sonpara, Panchrukhi Via Rupganj Araihazar,
Narayanganj-1460 Bangladesh
Authorize Capital: BDT 60,00,00,000.00
Paid Up Capital: BDT 21,10,50,000.00
Business Activities: Garments-related products & machinery.
Representative: Mr. Masataka Irie (Managing Director)
Website: https://www.iris.co.jp/english
Mobile Number: +81 90 1596 8736
Contents
1. Project Summary 2
2. Scope of work 2
3. Company Overview 2
4. Management Philosophy 2
5. History of the company 3
6. Share Capital with Shareholding Structure 4
7. Board of Directors 4
8. Details of Auditor and Bankers 5
9. Project Timeline 5
10. Project Budget 5
11. Project Team 6
12. Business & Products 6
13. Current Product offered by ARTNATURE BANGLADESH LTD. 6
14. Raw Material List 7
15. List of Machineries 8
16. Production Process 10
17. Risk Assessment 10
18. Environmental and Sustainability Impact 10
19. Stakeholder Engagement -Human rights policy 11
20. Project Benefit 12
21. Financial Forecasting 12
22. Global Networks 13
23. Contact Information 15
Project Summary
Corporate name:
Bengal IRIS TAKUMI LTD.
Establishment No:
C-194385/2024
Incorporation Date:
21/03/2024
Address:
Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi Via Rupganj, Araihazar, Narayanganj-1460 Bangladesh.
Establishment background:
Demand for clothing accessories is growing in Bangladesh, where the garment industry is thriving, and the company expects growth in the country.
Customers:
UNIQLO, GU, M&S, NEXT, GAP, COACH, EVERLANE, lululemon etc.
Prospects:
We aim to be the best factory in Bangladesh for making quality buttons.
Bangladesh project overview: Production of polyester buttons will start in January 2026, with horizontal expansion to other garment accessories in 2028.
Scope of work
To carry on the business domestically and internationally as dealers and agents as well as the business of producing, processing, manufacturing, formulating, using, acquiring, storing, refining, packing, transporting, distributing, selling, importing, exporting, and dealing in and to enter into manufacturing of all kinds of clothing, apparel and fashion product, and all accessories related to fashion buttons, buckles, tape, code, blade, zippers, fastening parts, strings, and others. To act as agents, sub-agents wholesalers, retailers, representatives, commission agents, importing and exporting of material, machinery, equipment, tools, products, and services related to garments of all in Bangladesh and abroad.
Company Overview
Bangladesh's garment industry has expanded to the second largest in the world and is a market that will increasingly attract worldwide attention. Our business in the country is to deliver garment accessories made in Bangladesh to garment factories. The ability to procure sewing materials in their own country, which were previously imported from China and other countries, is a major advantage for sewing factories. The biggest advantage is the reduced lead time from order placement to delivery. We are prepared to expand the range of products we handle and to invest in equipment to meet customer requirements.
Management Philosophy
The management objective of Iris Inc. is 'survival and development'. We contribute to society through the provision of products and services that satisfy our customers, and at the same time improve the abilities, human nature and lives of the people involved.
History of the company
1948:
Began producing and selling buttons made from urea resin.
1950s:
Started producing injection-molded plastic buttons.
1960s:
Expanded into producing transparent buttons (styrene resin), luster buttons (milk casein resin), and ABS buttons, targeting apparel manufacturers and achieving significant success.
1980:
Established the Future Sales Department.
1983:
Completed an in-house plating line, encompassing pre-treatment to painting.
1987:
Ventured into Hong Kong with the company's first overseas operations.
1988:
Opened the Button Museum in Tokyo.
1990:
Added a silicon production plant to the Katahina factory. Renamed the Future Sales Department to the NB Sales Department and began producing character goods such as TARAEPANDA.
1991:
Established Iris France (Paris, now dissolved). Established Iris Dalian.
1992:
Established Iris Taiwan and Iris Philippines.
1994:
Opened the Shanghai office and established the Overseas Sales Department. Made a commitment to tackling global environmental issues by investing in ECO LOG Recycling Japan Co., Taisei Plus Co., and UEST TECHNOLOGY FAR EAST. Established Marine Development Ltd (now dissolved).
2002:
Opened the Shenzhen Office.
2004:
Expanded silicon production lines at the Suzhou factory. Started contract manufacturing.
2005:
Opened the Seoul Office.
2007:
Opened the New York Office.
2014:
Acquired the license as the sole Japanese distributor of FIDLOCK (Germany) and began sales in November.
2017:
Launched "IRIS Life," a brand focusing on health and beauty products. Reopened the Button Museum in Nihonbashi Hamacho, Tokyo, on 22 November, after a temporary opening in Osaka.
2018:
Hosted the "Loving Button Exhibition - Iris' Button Making" at the Ota City Museum of Art.
2020:
Expanded the silicon manufacturing line at the Philippine factory. Established three new factories in the Philippines. Added a silicon production line at the new Philippine factory and began production of magnetic necklaces and other products.
2022:
Obtained GRS certification for the Iris and Katashina factories in Hong Kong. Initiated retail sales through the company's own mail-order website.
Share Capital with Shareholding Structure
Paid-up capital: 211,050,000
Authorized capital: BDT 600,000,000
Number of shares issued: 211,050
Shareholders:
Name of Shareholders
Number of Shares
Percentage
IRIS COMPANY., LTD.
Address: 2-10-10 Nishi-Ikebukuro, Toshima,
Tokyo, 171-0021, Japan.
210000
(Two Lac Ten Thousand shares)
99.50%
HONG KONG IRIS CO., LIMITED
Address: Flat A, 16th Floor, Legend Tower, 7 Shing Yip Street, Kwun Tong, Kowloon, HONG KONG
1050
(One Thousand Fifty shares)
0.50%
Board of Directors
Mr. Yo Osumi (Chairman)
Nominee Director of IRIS Company Ltd.
Mr. Yukihei Osumi (Director)
Nominee Director of HONG KONG IRIS Co., Limited
Mr. Masataka Irie (Managing Director)
Nominee Director of IRIS Company Ltd.
Details of Auditor and Bankers
Statutory Auditor: Ahamed Shamim & Co. (ASC), Chartered Accountants.
Correspondent Banks: COMMERCIAL BANK OF CEYLON PLC, Corporate Branch
Project Timeline
Construction start date (planned): 01/11/2024
Construction period: 30/06/2025
Scheduled date of production: 01/10/2025
Project Budget
Operating profit (insert graph):
Project Team
Workers: 100 people (projected)
Number of Manpower List
1st year
2nd year
3rd year
4th year
5th year
Foreign
2
2
2
2
2
Local
60
97
97
97
97
Total
62
99
99
99
99
Business & Products
Name of products: Garment Accessories, Character goods, Health and Beauty products,
Product features: Garment Accessories,
All types of Buttons (Polyester, Urea, Metal, Horn, Shell, Wood, Corozo, etc.)
Products made with molds (Polyamide, ABS, Polyacetal, Polycarbonate, etc.)
Strengths: We deal with buttons made of all materials.
We have a patented technology for moulding two different materials into one product. High-quality products employing Japanese technology.
Current Product offered by ARTNATURE BANGLADESH LTD.
Name of products: Button (made of Polyester) HS Code: 9606.21.00
Product features: Sewing buttons made of polyester resin
Strengths: High-quality products employing Japanese technology.
Raw Material List
List of Raw Materials Used for Production
Sl. No.
Product Name
Daily Consumption(In KG)
H.S. Code
Remarks (Details of raw materials)
1
Polyester Resin 2446- B1
225
3907.91.00
Casting
2
Polyester Resin 2446- M1
225
3907.91.00
Casting
3
Flexible Resin 2110
50
3907.91.00
Casting
4
Polyester Resin 2475A-1
50
3907.91.00
Casting
5
Polyester Resin 2496A
50
3907.91.00
Casting
6
Polyester Resin DS988P
50
3907.91.00
Casting
7
Polyester Resin DS228N
5
3907.91.00
Casting
8
Polyester Resin DS228N-1
5
3907.91.00
Casting
9
Styrene Monomer
5
2902.50.90
Casting
10
Cobalt PT- 120
1
2822.00.00
Casting
11
Cobalt PT- 121
2
2822.00.00
Casting
12
Tixotropic Agent (Cab-O-Sil)
5
2811.22.00
Casting
13
U.V. Powder PS
5
3204.20.00
Casting
14
U.V. Tex Powder
5
3204.20.00
Casting
15
Pigment (White) Polyton JC 1194S
1
3204.17.00
Casting
16
Pigment (Black) Polyton JC 3003S
5
3204.17.00
Casting
17
Pigment (Red) JC 4001S
1
3204.17.00
Casting
18
Pigment (Yellow) JC 6797S
1
3204.17.00
Casting
19
Pigment (Blue) JC 8001S
1
3204.17.00
Casting
20
Pearl Essence (White) LPF
1
3206.11.00
Casting
21
Pearl Essence Powder (Silver) Iriodin 9111
1
3206.11.00
Casting
22
Pearl Essence (White) Mearlite Ultra Bright UPFMT NV
1
3206.11.00
Casting
List of Machineries
Production Process
Polishing
Turning
Casting
Inspection
Polyester raw materials are fed into a drum pouring machine.
The material in tablet form is heat-cured. =Blanks
The blanks are shaved with a blade to suit the shape of the button.
The button is polished using water and an abrasive.
Each button is inspected one by one.
Risk Assessment
If affected by Bangladesh's economic situation and exchange rate fluctuations, they may have nowhere to go. After the emergence of strong competitors, we will be caught in a price war. And they will squeeze our profits and affect our survival
Environmental and Sustainability Impact
Basic Philosophy: Iris Co., Ltd. considers it an important mission to be kind to the "environment (local community)" and "people (neighbours)" who support us by creating small, enjoyable products that are "our work" and providing enrichment and harmony. We regard it as our important mission to be kind to the "environment (local communities)" and "people (our neighbours)" that support us, and promote environmental protection activities.
Action policy: The Company shall accurately assess the environmental impact of its business activities, products and services, mainly the manufacture and sale of clothing accessories, and shall carry out environmental protection activities.
To prevent environmental pollution, we focus on the following items as part of our environmental protection activities:
(1) Reduce energy consumption in order to reduce CO2 emissions.
(2) We promote recycling and reduction and make effective use of resources.
(3) We will promote green purchasing.
(4) We will develop, propose and actively promote environmentally friendly products.
(5) We will clarify and comply with environmental laws and regulations and other matters to which we have agreed.
We will work to improve our environmental management system in order to achieve continuous improvement of our environmental performance.
Through our environmental policy, we set environmental objectives and targets, which are regularly reviewed.
We make our environmental policy known to all personnel and work to raise awareness of environmental protection. We will also conduct awareness-raising activities to gain the understanding and cooperation of our affiliates and business partners.
We make our environmental policy available to the public.
Stakeholder Engagement -Human rights policy
The Iris Group will focus on the following items in all countries and regions in which it operates.
Prohibition of inhuman treatment and discrimination: We respect the human rights, individuality and personality of our stakeholders and do not engage in any acts that disregard human rights, including discrimination and all forms of harassment. In addition, the company shall promote fair business activities by preventing human rights violations before they occur and taking appropriate action in the event of such violations.
Prohibition of forced labor: Forced labor and trafficking in persons not of free will shall be prohibited.
Prohibition of child labor: In all business activities and business relations, do not employ persons under the minimum legal working age. In addition, they shall not allow children to work in a manner that is detrimental to their development.
Respect for basic labor rights: Respect national and regional basic labor rights, including the right to organize and the right to collective bargaining, such as freedom of association and collective bargaining.
Provide a safe, hygienic and healthy working environment: Provide a safe, hygienic and healthy working environment in accordance with the law.
Ensure appropriate working time management and wages: Appropriately manage working hours, holidays and leave in accordance with the law. Comply with the legal minimum wage and take care to pay more than the living wage. In addition, wages shall not be unreasonably reduced.
*For sites with GRS certification, however, if the GRS requirements are stricter than the legal requirements in the respective countries, the GRS requirements shall be followed.
Project Benefit
We believe that through our operations in Bangladesh we can create many jobs and contribute significantly to the country's economic development. It will also train a large number of engineers and produce a large number of people who can contribute to the country's industry.
Financial Forecasting
Global Networks
Sales Offices and Factories in Japan
Tokyo head office
3-5-11, Higashi-kanda,
Chiyoda-ku, Tokyo
Meigi office
2-5 Toriidori, Nakamura -ku,
Nagoya-shi, Aichi
Osaka officeIkutamateramachi, Tennoji-ku,
Osaka-shi, Osaka.
Okayama office3682-2, Kojimaogawa-cho,
Kurashiki-shi, Okayama.
Gunma head office/
Yajima factory
554-1, Suehiro-cho, Ota-shi, Gunma
Ojima factory
3005, Serada-cho, Ota-shi,
Gunma
Nitta factory
18-5 Kaminaka-cho,
Nitta,Ota-shi, Gunma
Katashina factory
3819, Kamata, Katashina-mura,
Tone-gun, Gunma
Kansai production Department5-12-20, Magarigawa-cho,
Kashihara-shi, Nara
Overseas Sales Offices and Factories
Shanghai IRIS
1903B, NO.666 Gubei Rd, Kirin Plaza Building, Chang/Ning District, Shanghai China
Taiwan IRIS
20F-A, No.7 Ssuwei 4Rd, Kaohsiung, TAIWAN, R.O.C.
Taiwan IRIS Taipei office
17F-7, No.6, Section 4,
Xinyi Rd, Da’an District,
Taipei City, 106 TAIWAN
Hong Kong IRIS
Flat A, 16th Floor, Legend Tower, 7 Shing Yip Street, Kwun Tong, Kowloon, HONG KONG
SHENZHEN IRIS
Rm.302 No.212 Tairan Ind. District, Che Gong Miao Futian ShenZhen CHINA
Bangladesh IRIS
3rd Floor(3-B), House#450/4, Road#8, Baridhara D.O.H.S., Dhaka-1206, Bangladesh.
IRIS New York office
1180 Avenue of The Americas Suite809 New York, NY10036 U.S.A.
IRIS Seoul office
706, Sunshine Building, 11-1, Chungmuro 2GA Jung-gu, Seoul, KOREA
Suzhou IRIS
Wu song Jiang Road(S) Kunshan Economic & Technical development Zone, Jiangsu, CHINA
Dalian IRIS
Dalian Economic & Technical Development Zone, West Tie Shan Road No.9, Dalian, CHINA
Philippine IRIS
Light Industry and Science Park of The Philippines Special Export Zone Ampere St. Cabuyao. Laguna, PHILIPPINES
Bangladesh IRIS factory
Meghdubi Bypass Road, Block-A, Holding No- 55/1, Ward No-40, P. S.- Joydebpur Post Code-1710, Gazipur City Corporation, Bangladesh.
Contact Information
Address:
Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi Via Rupganj Araihazar, Narayanganj-1460 Bangladesh.
Telephone No.
+8801777177511
Representative:
Mr. Masataka Irie
E-mail address:
irie@bdiris.com.bd
For and on behalf of, Bengal IRIS TAKUMI LTD.
√
_______________________
Masataka Irie
Managing Director of the Company