Bengal IRIS TAKUMI LTD company profile (Final)

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 Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi Via Rupganj Araihazar, Narayanganj-1460 Bangladesh Page 1 of 15 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 Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi Via Rupganj Araihazar, Narayanganj-1460 Bangladesh Page 2 of 15 1. 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. 2. 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. 3. 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. 4. 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. Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi Via Rupganj Araihazar, Narayanganj-1460 Bangladesh Page 3 of 15 5. 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. Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi Via Rupganj Araihazar, Narayanganj-1460 Bangladesh Page 4 of 15 6. 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% 7. 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. Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi Via Rupganj Araihazar, Narayanganj-1460 Bangladesh Page 5 of 15 8. Details of Auditor and Bankers • Statutory Auditor: Ahamed Shamim & Co. (ASC), Chartered Accountants. • Correspondent Banks: COMMERCIAL BANK OF CEYLON PLC, Corporate Branch 9. Project Timeline • Construction start date (planned): 01/11/2024 • Construction period: 30/06/2025 • Scheduled date of production: 01/10/2025 10. Project Budget Operating profit (insert graph): (450) (400) (350) (300) (250) (200) (150) (100) (50) 0 2026 2027 2028 2029 2030 営業利益（減償有） (Operating profit) Project Buget（USD） (単位：1,000USD) 2026 2027 2028 2029 2030 純売上高合計(Estimated Sales) 1,320 1,650 1,650 1,650 1,650 売上原価(Cost of Sales) 761 952 952 952 952 売上総利益(Gross Profit) 558 698 698 698 698 販売管理費合計 308 385 385 385 385 消費者物価指数 29 36 36 36 36 減価償却(土地） 23 23 23 23 23 減価償却(機械） 176 141 113 90 72 減価償却(工場） 410 369 332 299 269 営業利益（減償有）(Operating profit) -387 -255 -190 -134 -86 Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi Via Rupganj Araihazar, Narayanganj-1460 Bangladesh Page 6 of 15 11. 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 12. 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. 13. 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. Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi Via Rupganj Araihazar, Narayanganj-1460 Bangladesh Page 7 of 15 14. 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 Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi Via Rupganj Araihazar, Narayanganj-1460 Bangladesh Page 8 of 15 15. List of Machineries Machine Name Machine No Description Quantit y Cost Per Unit in EURO Total Capitalized Cost in BDT MIXER 1 1331446 Mixing Machine Capacity 250 kilos 1 € 5,440.00 373,886.26 BDT MIXER 2 AGB-208917MV Mixing Machine Capacity 100 kilos 2 € 3,396.00 466,808.00 BDT MIXER 3 AG-310817MV Bench Model Mixers for Mixing Colouring Pigments 2 2,728.00 € 374,985.93 BDT CYL 900 V CYL-7251765 Flat Type (Turning Machine) 2 12,081.00 € 1,660,632.33 BDT CYL 900 V CYL-7271765 Ondulated Type (Turning Machine) 2 12,598.00 € 1,731,698.21 BDT TRANCIA.IT TIO-0131702 Punching Machine with SETACCIO 1 29,850.00 € 2,051,563.41 BDT PRECISION ALIGNER 20101665 Device to Align the Punching Cutter 1 1,807.00 € 124,193.47 BDT GRIND & SHARP GSH-1081712 Semiautomatic Machine to Sharpen Punching Cutters 1 12,860.00 € 883,856.13 BDT AUTODISMATIC NEW EDITION ADS-0911721 Rod Casting Machine 1 40,876.00 € 2,809,370.38 BDT T.B.4 TB-40211705 Slicing Machine for Soft Polyester Rods 1 13,500.00 € 927,842.75 BDT PARAFFIN BATH PES-0591715 Container for Aluminium Tube Preparation by Paraffin 1 5,872.00 € 403,577.23 BDT TUBE WASHING MACHINE VLT-0361717 Machine to Wash Aluminium Tubes by Using Acetone 1 3,779.00 € 259,727.24 BDT SOLVENT CLEANER 11 Unit for Regenerating Exhausted Solvents (Acetone) by Distilling Process 1 7,000.00 € 481,103.65 BDT TM.NOVA.IT ELECTRA TMI-3601716 Fully Automatic Hi-Per Turning and Drilling Machine for Button 7 22,912.00 € 11,023,046.75 BDT DUAL SHARP DSH-0731708 High Precision Sharpening Table for Profiled Tools & Drill Needles 1 5,718.00 € 392,992.95 BDT DIATRON . LPD DTH-0571708 Automatic Machine to Manufacture Constant Profile Carbide Tools 1 32,340.00 € 2,222,698.85 BDT REM - INOX RIX-0381703 New System for Unloading Button after Polishing 1 5,287.00 € 363,370.71 BDT DRYING MACHINE "KROM 5FE" ASC-08417 Machine for Drying Buttons by Centrifugal Method 1 6,294.00 € 432,580.91 BDT SELESIZE SLS-13517 Vibrating Machine to Separate Buttons According to Sizes 1 4,010.00 € 275,603.66 BDT SPEEDY 2A SPD-0551720 Belt Inspection Machine for Button Quality Inspection 4 6,805.00 € 1,870,805.89 BDT MERY 150 MB-0771713 Tickness Sorting Machine 1 6,125.00 € 420,965.69 BDT BURATTO 400 BU-56017 Water Polishing Machine For Polishing Polyester 5 6,500.00 € 1,272,738.80 BDT BPL-108 FLEX (Bonetti's Project - Laser-108) BPL108F- 3601705 The Latest Generation of Laser Engraving Unit for Buttons 4 35,000.00 € 5,482,567.13 BDT WOODEN DRUM BL-01017 Polishing Drum with Wooden Barrel 2 8,250.00 € 646,159.70 BDT WOODEN DRUM BL-01117 Polishing Drum with Wooden Barrel 1 8,250.00 € 323,079.85 BDT Total 299,278.00 € 37,275,855.86 BDT Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi Via Rupganj Araihazar, Narayanganj-1460 Bangladesh Page 9 of 15 Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi Via Rupganj Araihazar, Narayanganj-1460 Bangladesh Page 10 of 15 16. Production Process ➢ 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. 17. 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 18. 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. Raw Materials 原料 Casting 注型 Thermosetting 熱硬化 Turning 切削 Polishing 研磨 Inspection 検査 Casting Turning Polishing Inspection Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi Via Rupganj Araihazar, Narayanganj-1460 Bangladesh Page 11 of 15 • 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. 19. 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. Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi Via Rupganj Araihazar, Narayanganj-1460 Bangladesh Page 12 of 15 20. 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. 21. Financial Forecasting (単位：1,000USD) 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 純売上高合計(Estimated Sales) 1,320 1,650 1,650 1,650 1,650 1,650 1,650 1,650 1,650 1,650 1,650 売上原価(Cost of Sales) 761 952 952 952 952 952 952 952 952 952 952 売上総利益(Gross Profit) 558 698 698 698 698 698 698 698 698 698 698 販売管理費合計 308 385 385 385 385 385 385 385 385 385 385 消費者物価指数 29 36 36 36 36 36 36 36 36 36 36 減価償却(土地） 23 23 23 23 23 23 23 23 23 23 23 減価償却(機械） 176 141 113 90 72 58 46 37 30 24 19 減価償却(工場） 410 369 332 299 269 242 218 196 176 159 143 営業利益（減償有）(Operating profit) -387 -255 -190 -134 -86 -45 -9 22 49 72 93 (387) (255) (190) (134) (86) (45) (9) 22 49 72 93 (500) (400) (300) (200) (100) 0 100 200 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 営業利益（減償有） (Operating profit) Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi Via Rupganj Araihazar, Narayanganj-1460 Bangladesh Page 13 of 15 22. 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 office Ikutamateramachi, Tennoji-ku, Osaka-shi, Osaka. Okayama office 3682-2, 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 Department 5-12-20, Magarigawa-cho, Kashihara-shi, Nara Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi Via Rupganj Araihazar, Narayanganj-1460 Bangladesh Page 14 of 15 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. Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi Via Rupganj Araihazar, Narayanganj-1460 Bangladesh Page 15 of 15 23. 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