1. Preface:
Solar Trading Company is a household name in the automobile industry in Bangladesh which
was established in the year 1962 by my beloved father Late Syed Nurul Huda. The company is
celebrating it’s 50 years of operations.
The era witnessed various ups & downs in the country’s political, economical & social
atmosphere. The decision of division of Bengal by British Govt. created devastating misfortune
for the people of the then East Pakistan. It was India who stood by and fought for release of East
Pakistan from the rule of the then West Pakistan. In 1971 our motherland Bangladesh came into
existence.
2. We were:
My father actually hails from Tangail District of Bangladesh and came to Dhaka to earn
livelihood and since then the company started doing tyre retreading business. There was no
tyre manufacturing company in Bangladesh and previous experience of tyre retreading helped
us to get acquainted with various brands such as MRF, Goodyear, Modi, Dunlop and Apollo etc.
These were mostly imported from India. This was an opportunity for us in disguise and tyre
retreading business got momentum.
3. Who am I:
Syed Nurul Arefeen is the sole proprietor of the company. His academic qualification is B.Com
(Hons.) from Dhaka University and also completed Executive MBA from Deen University,
Lucknow, India. And he is a sponsor Director of Shahjalal Islami Bank Ltd, a schedule
commercial bank of Dhaka, Bangladesh.
My business address : Home Town Complex (13th Floor),
87, New Eskaton Road, Dhaka-1000, Bangladesh.
Telephone No. +88-02-8354442 & 8355247.
E-mail address : arefeen13@gmail.com
Fax No. : +88-02-9337791
Cable : 632475 DCCI BJ.Attn : Solar
4. We are:
It was my father’s intension to do tyre business directly from India. In the year 1985 I started
with MRF tyres and continued for upto 2002 with a great reputation & establishment. Then
switch to “The Unbeatable” Birla Tyre. Today our business is operated through an efficient and
strong distribution chain of 52 distributors scattered all over the country which is no. 1 Brand
in Bangladesh.
The prospective chart of the business are shown below:
S.L
No.
Year Quantities Increase / Decrease
Ratio Compare with
the Previous year.
Increase Ratio Compare
with the 2003
01 2003 14,434 sets (Apprx)
02 2004 24,794 sets (Apprx) More than 72% More than 71%
03 2005 22,481 sets (Apprx) Less than 10% More than 55%
04 2006 35,044 sets (Apprx) More than 56% More than 142%
05 2007 40,489 sets (Apprx) More than 16% More than 180%
06 2008 47,301 sets (Apprx) More than 17% More than 227%
07 2009 59,355 sets (Apprx) More than 26% More than 311%
08 2010 52,723 sets (Apprx) Less than 12% More than 265%
09 2011 47,248 sets (Apprx) Less than 11% More than 227%
10 2012 31,619 sets (Apprx) Less than 34% More than 119%
11 2013 28,450 sets (Apprx) Less than 10 % More than 97%
Presently our annual turnover for Birla Tyre is about Tk. 85 crore that is 1.2 million US$.
5. Our Bankers:
Our main bankers are United Commercial Bank Ltd, Dhaka Bank Ltd, National Credit and
Commercial Bank Ltd, Prime Bank Ltd.
Market Study:
Solar Trading Company is conducting the market study by their own judgment. They conduct
this market study on the basis of size, pattern and ply rating irrespective of different brands.
They collect information from their listed distributors and their own personnel while
conducting the market study.
Go-down:
Solar has 3 (Three) ware house in Dhaka city: One in Motijheel, two in Banglabazer. Solar
maintain these go-downs on rental basis.
6. My Philosophy:
A rolling stone gathers no moss – that is why Solar Trading Company has diversified in the following fields.
1. Solar Precured Tyre Retreading Company Ltd.
( A plant of Automobile Tyre Retreading)
Managing Director
Bhatkhura, Tnagail.
(Beside Jamuna Highway Road)
2. Solar Motor Co.
Proprietor
(2, R.K MissionRoad, Dhaka)
3. Universal Yarn Dyeing Ltd.
(100% Export Oriented Yarn Dyeing Project)
Sponsor Shareholder Director & Acting Managing Director.
BSCIC, Tangail.
4. Shahjalal Islami Bank Ltd.
Vice Chairman
Head Office,
Uday Sanz,2/B Gulshan South Avenue, Gulshan-1.
Dhaka-1212, Bangladesh.
5. Shahjalal Islami Bank Securities Ltd.
Sponsor Shareholder
Jibon Bima Bhaban( 4th Floor)
10, Dilkusha, Dhaka-1000
Bangladesh.
6. Solar Telecommunications
(Airtel Fanchise)
Managing Partner
7. Solar Transport
(Cargo Logistics)
Proprietor.
8. Solar Autos
(Dealer of BAJAJ Motorcycle)
Managing Partner.
7. The strength:
1. Solar Trading Company is a household name in automobile industry including two
wheeler segment.
2. An efficient & string chain of distribution system throughout the country.
3. Readily available show room.
4. Readily available industry plot for mechanically propelled vehicle and component
issued by Prime Minister Office Shilpa Bhaban, Motijheel, Dhaka.
5. Sufficient financial guarantee from banker like Dhaka Bank Ltd. Who is ready to
invest 500 Thousand US$ that is Rs 2.4 crore INC to start a new venture.
6. My own movable and immovable properties with value :
As per IT10B of Department of Income Tax, Government of Bangladesh. (Enclosed
herewith).
7. Solar has 3 (three) ware house in Dhaka City out of which one at Motijheel and other
two at Banglabazar.
8. A dedicated man power of approx 400 employees.
The weakness:
My intense attachment with tyre industry actually drew my attention towards that field and
made me unaware of the huge potentiality of two wheeler in Bangladesh.
8. The opportunity:
Bangladesh is vastly dependent goods be it either cosmetics or automobile. The people of
Bangladesh are acquainted with various foreign brands. My experience with Solar Autos,
distributor of Bajaj Motorcycle opened my eyes and provoked me to enter into the two wheeler
market. One the contrary Suzuki brand in my country with the strength of my countrywide
presence.
Just think what I do not have.
Solar Trading Company, known to people - Yes.
A chain of business partner - Yes.
Financial affordability - Yes.
Office accommodation - Yes.
Show room facility in Dhaka City - Yes.
Ware house facility in Dhaka City - Yes.
Assembling unit facility in Dhaka City - Yes.
Strong Liaison with PMO, Bangladesh - Yes.
Regular tax payer who comes Large Tax Unit - Yes.
Bankers guarantee - Yes.
Own financial capability - Yes.
9. The Thrust:
My Vision
Your Mission
My father followed this philosophy throughout his life which he could percolate to the members
of Solar Trading Company family comprising of 400 dedicated employees that generates a total
turnover of Rs. 65 crore INC annually. My belief supported by strong dedicated work force
coupled with sufficient financial support will help to win the race.
