assignment

1. Organization’s profile:
Western marine shipyard limited is a public listed shipbuilding company based
in chittagong, Bangladesh.the shipyard has constructed various types
of vessels till date, including ocean going multipurpose cargo vessels, passenger
vessels & boats, oil tankers, ro-ro ferry, pontoons, barges, fishing
trawlers, dredgers, tug boats, container vessels, etc. Western marine shipyard is
the country's largest shipbuilder, standing with over 42 acres of land, modernized
into a shipyard consisting of all sorts of tech & heavy machinery Sitting in
the eastern bank ofthe Karnaphuli river in chittagong, It is an employment source
for 3500 people;including skilled and semi-skilled labors more than five hundred
marine professionals are also working in the shipyard. Including marine
experts, mechanical engineers, electrical engineers, naval architects & experts in
other fields.As a result of that, today, they are constructing vessels for buyers
around the world and owns 89 percent of Bangladesh's shipbuilding market.
Organization’s background & history:
Western marine shipyard ltd., Bangladesh’s leading shipbuilder, was established
in the year 2000 in Chattogram. Its mother company, western marine services
ltd., was initially formed by a group of marine professionals specialized in ship-
repair and export of marine supplies. The major intention of the company’s

2. founders was to develop a cluster of technological excellence to meet the global
demand of the maritime industry. Gradually, the company developed as a
shipbuilder with its own shipyard in the eastern bank of the Karnaphuli river, in
Chattogram, in the year 2000, over a land of 1.5 acres for building inland vessels
and barges. Since then, the company gradually attained prominence as a major
shipbuilding company with quality based motivation.
Todaywestern marine shipyard is the leading shipbuilder in the country, standing
over 42 acres of land, modernized into a world-class shipyard consisting of all
sort of hi-tech & heavy tech machinery through an investment of tk.300 crore. It
is an employment source for 3500 people including skilled and semi-skilled
labors. More than five hundred professionals are working in the shipyard as well,
including marine experts, mechanical experts, electrical engineers, naval
architects & experts in other fields. The yard gained recognition so rapidly, that
its fame spread all over the world in a very short period. As a result, today, the
shipyard is constructing an array of ocean-going vessels for germany, denmark,
tanzania, new zealand, kenya, the uae, norway, india, equador, and many more.
Founded: in was established in the year 2000 in Chattogram.
Key peoples:
Md. Saiful islam (chairman)
capt. Sohail hasan (managing director)
Industry& products:
Product’s:
 Multipurpose
cargo ships,
 Cargo vessels,
 Tugboats,
 Tankers,
 Ferries,
 Port utility
vessels,
 Passenger
ships,
 Fishing
trawlers,
Services:
 Shipbuilding,
 Repair.

3. Revenue:
According to ’’wikipedia’’ the revenue of western marine shipyard limited 2017-
2018 gross turnover bdt 3024 million net profit (at) bdt 451 million net operating
cash flow per share (nocfps) bdt 3.96 net assets value (nav) at the end of period
bdt. 5,490,131,964 dividend payout (bonus) 20% (20 shares against 100 shares
held) eps bdt 2.71 nav bdt 33.02.
Organization’s awards:
Western marine shipyard has received two certificates from bureau veritas; one
is ohsas 18001 for health & safety & iso 14001 for environment. They also
received the iso 9001 certificate from germanischer lloyd for quality. This has
made them the only ims (integrated management system) certified company in
Bangladesh.
Furthermore, wms has received a number of awards; including the 2016
Bangladeshi president's award for industrial development (in the hi-tech
industries category), the 8th hsbc export excellence award, the gold national
exporttrophy forthe 2010-2011 financial year, and the world maritime dayaward
in 2007.
Missionand vision:
The mission of western marine shipyard limited is to improve continually our
products and services bybeing the bestat meeting ourcustomer’s needs, allowing
us to prosper as a business while maintaining an effective quality management
system (qms) relevant to ship design, shipbuilding and repair.
Organization’s values:
Quality:
Western marine shipyard limited is committed to achieving customer satisfaction
by delivering quality products & services consistent with international
shipbuilding standards by using environmentally sustainable technologies
through timely delivery & safe working environment. We are determined to
ensure effectiveness of our quality management system (iso 9001:2008 standard)
by providing appropriate training to advance professional competence &

4. operational excellence through continual improvement in all fields of our
business with the help of skilled & dedicated workforce.
Environment:
Western marine shipyard limited is also iso 14001:2004 certified forsafe working
environment. Health and safety are considered as an essential part of the
company’s performance to success. Thus keeping this in mind, we comply with
the health and safety standards accordingto the ohasa18001:2007. This has made
western marine shipyard limited the only integrated management system (ims)
complying shipyard in Bangladesh.