KYCR Coil Industries Ltd. - Dhaka Stock Exchange

Corporate Social Responsibility, Philanthropic Initiatives & Other Significant
Involvement
For the last two decades, the current Managing Director of the Group ��������������������� has
been involved in various organizations, clubs & societies and founded school, college and other
learning centers. He founded Khalil Mir Girls School, Khalil Mir Degree College, Khalilur Rahman
Shishu Niketon, Saberia Khalilia Senior Madrasha, Khalilur Rahman Mohila Degee College,
Khalilur Rahman students Welfare Trust and Shandhir Gousia Tayobia Dilwara Begum Senior
Madrasha, etc. Furthermore, he is a member of few governing bodies; namely S A Noor High
School, Hulain Saleh Noor College, and Mafijur Rahman Girls High School.
Besides, He is holding membership with Chittagong Metropolitan Chamber, Chittagong Press
Club, Chittagong Club, Chittagong Institute, and Bhatiary Golf & Country Club, Chittagong. He is
the President of Amir Market & Khatnganj business Community as well as Patya Foundation; Exvice
President of BGMEA (Bangladesh Garment Manufacturer & Export Association); Chairman of
Pragati Insurance Company Limited, Bangladesh CI Sheet Manufacturers & Exporters Association
and Bangladesh CR Coil Manufacturers & Exporters Association; Executive Member of
Bangladesh CI Sheet & GP Sheet Manufactures Association.
Internal Controls & Corporate Practices
The Company KYCR Coil Industries Limited employs robust internal controls:
(1) Supervision at each layer of the Organization
Management has delegated certain skilled individuals to ensure that the new entrants
including rookies in the Company are well trained and motivated on a continuous basis.
Factory Supervision is crucial for the company and therefore the Company employed
experienced personalities recruited locally and internationally as well.
(2) Operations
Operations are handled by the experienced individuals and reporting is made at every
single interval. The procedures for operational activities are identified and strictly
adhered to as per guidance provided by the middle layer of the management.
(3) Accounting
Inventory calculation, Customer Records, Credit Status, Sales Ledger, etc. are carried
out through software applications which integrate all the business processes in a chain.
(4) Physical Assets
These are safeguarded by the security locks, passwords, locks on doors and other
defense mechanism. Regular Checks are also carried out in order to ensure that the
assets are safe and the registered individual is responsible in answering the risk and
expected outcome if need arises.
(5) Management Review
Management review is carried out on appropriate intervals so as to prevent, detect and
correct any error that has occurred or may occur in the forthcoming period. The review
can be either financial or non-financial or a combination of both.