Export-Import Practices in Bangladesh On Garments Sector About JIM Fashion

1. Presented To
Md. Moniruzzaman Khan
Assistant Professor
Faculty Of Business Administration
Eastern University
Presented By
Shariful Islam Shahed
ID# 122200022
Syed Iqbal Hossain
ID# 122200023
Suyaba Shakhawait
ID# 122200057
Nazmun Nahar Tumpa
ID# 122200058

2. International Business
Course Code: (BUS-303)
Topic: Export-Import Practices in Bangladesh
On Garments Sector
About
JIM Fashion

4. Introduction
 The exporting activity involves several commercial
and regulatory procedures.
 These procedures also involve considerable
documentation requirements.
 The export documentation involves the preparation
of the specified number of
 copies of the prescribed documents pertaining to
the different procedures.

5. Objectives Of The Report
 To observe the export-import procedure
of JIM Fashion.
 To observe the customers reaction
towards the new product development
of SEB.
 To study the quality of products of JIM
Fashion.
 To describe the facilities, and other
options provided by JIM Fashion.
 To provide the recommendation for
improvement of JIM Fashion.

6. Study Methodology
The Primary Data Sources
Face to face conversation with the officers
Practical desk work
Relevant file study as provided by the concerned
officers.
Secondary Data Sources
Different circulars issued by the BGMEA
Annual reports of the JIM Group Ltd.
Company profile of the JIM Fashion.

7. Limitation
Some of the limitations of the report are:
Personal biasness of the officers at the time of
collecting primary data.
Accuracy of the secondary data depends upon the
accuracy of the secondary source as cross checking
was not possible
Due to confidentiality the garments policy restricts
disclosing some important data.

8. What Is Export-Import…???
Import:
Trade refers to the purchase of goods from the foreign country.
Export:
To send goods or services across national frontiers for the purpose of
selling and realizing foreign exchange.
The procedure of export-import trade differs from country to country,
depending upon the export-import policy, the statutory requirements
and customs of different countries.
In almost all the countries of the world export-import trade is controlled
by the government.

9. An Overview Of Garments Industry Of
Bangladesh
 Since the late 1970s, the RMG (readymade garments)
industry started developing in Bangladesh primarily as an
export-oriented industry although, the domestic market for
RMG has been increasing fast due to increase in personal
disposable income and change in life style.
 The sector rapidly attained high importance in terms of
employment, foreign exchange earnings and its
contribution to GDP. In 1999, the industry employed directly
more than 1.4 million workers, about 80% of whom were
female.
 In addition, demand for service like transportation, banking,
shipping and insurance has increased. The total indirect
employment created by the RMG industry in Bangladesh is
estimated to be some 2,00,000+ workers.

10. Company Profile
Introduction of JIM Fashions
JIM Fashions Limited is a 100% export oriented Readymade Garments industry for production of fashionable
and quality all kinds of woven bottoms.
The Factory is located at Gazipur. With a total area of 60,000S.Q.FT for its Manufacturing division. JIM
Fashions Limited is a manufacturer of different kinds of woven Product such as Shirt, T-Shirt, Pant, Jersey etc.
The factory is fully equipped with brand new highly sophisticated Machineries conforming to the European &
Italy standards.
Total Production Space as bellows:
Cutting Production Area: .......................................................... 4,680 SQFT.
Sewing Production Area: .......................................................... 42,694 SQFT.
Finishing Production Area: ....................................................... 10,450 SQFT.
Ware house & Store Area: ........................................................ 2,176 SQFT.
Total = 60,000 SQFT

11. Export-Import Activities of JIM
Fashion
 IEC number
 Membership cum registration
 Inquiry and offer
 Confirmation of order
 Export-import license
 Finance
 Production/procurement of goods
 Shipping space
 Packing and marketing
 Quality control and pre-shipment
inspection

12. Continue……
Preparing Product For Export
After making sells contact JIM fashion produces to product to export. For
production they have purchased fabrics and required accessories from the
supplier.
At time of purchasing they conscious to buy high quality raw materials. In
the all process of production signet enterprise ltd. control the quality of the
product given by the slandered of buyer
Documentation & Shipping
In whole process of export, JIM fashion makes and collect some require
document which are needed to export goods.
Some are made at the time of sales contract and some are after
production. The company shipment finished products to carrier with all
necessary documents.

13.  Letter of credit
 Bill of exchange
 Trust receipt
 Letter of hypothecation
 Bank certificate of payment
Documents Related To Payment

14. • The top level management is very
strong. They can take decision on
time and manage all things in
systematic way.
• The labor forces of the company
are cheap and readily available.
• JIM Fashions do not have
adequate transport facilities.
• Difficult to handle with always
upgraded new technology.
• JIM Fashions have emphasized on
market segmentation in orders on
regular basis. In this way, the
company can gain potential
market opportunities.
• JIM Fashions has planned to
modernize logistic computer
support. The best service could be
entertained to the foreign buyers.
• Key competitors of JIM Fashions is
offering competitive price than
One Desire Design which caused
major threats to affect company
business policy.
• JIM Fashions is also affected by
the govt. regulations of export
and import Policy.

15. Recommendations & Conclusions
 JIM Fashion should take their necessary decisions promptly.
 It should appoint efficient designer to innovate new ideas of fashion design for
sample section.
 It should introduce new marketing department for establish the marketing plan.
 It should introduce computer facility for every department.
 It should provide transport facilities and entertainment allowances.
Conclusions
Now a day the JIM Fashion is facing a lot of challenges because of changing demand of
world. Besides this many competitors are also a main factor that makes this sector
challenging.
So JIM Fashion should take proper step to survive properly in this sector by removing their
weaknesses. They should give authority to take independent decision at high level officer.

16. Any Query….??????