Introduction: It is a leading manufacturer and exporter of leather footwear from Bangladesh to major shoe retailers in Western Europe, North

America and Japan. The company has revenues of USD 100 million in 2010. AAFL pioneered the export of value added finished products export in the leather sector of Bangladesh and is also involved in the local footwear retail business with the second largest shoe retail network in the country. AAFL has equity , technical and marketing participation from La Nuova Adelchi one of the largest footwear manufacturers of Italy. Public listed and traded since 1993, AAFL is professionally managed, currently employs 8000 persons and is in full compliance with Corporate Governance Compliance Report under Section 2CC of the Securities Exchange Commission Notification Order. Apex Adelchi Footwear Limited (AAFL) is a leading export-oriented leather footwear manufacturer in Bangladesh. It is the largest exporter of leather footwear from Bangladesh. Currently holding the second position, the company is also one of the fastest growing footwear companies in the local market. AAFL also has the second largest retail network following Bata Shoe Bangladesh Limited. Despite the effects of global economic turmoil and scarcity of raw hide due to natural disasters, the company has performed well in the last couple of years. Apex Adelchi has quickly established itself as one of the most recognizable brands in the footwear market of Bangladesh. The exports by Apex Adelchi accounts for 45% of the total footwear export from Bangladesh. With 6% of market share in local market, they are behind only to Bata Shoe, which holds 22% of market share. Because of their superior quality compared to that of Bata, Apex Adelchis products have given the local market a very good alternative to Bata. Although the company remains a predominantly export-oriented company, they have also taken the local market very seriously, which may prove to be decisive in the long run. Type of Company : Public Limited Company Board of Directors:

Mr. Syed Manzur Elahi Chairman Mr. Syed Nasim Manzur Managing Director

Mr. Syed Gias Hussain Deputy Managing Director Ms. Munize Manzur Khasru Director Mr. Niaz Ahmed Choudhury Director Mr. Adelchi Sergio Director Mr. Samson H. Chowdhury Independent Director Management Team :

Mr. Syed Manzur Elahi Chairman Mr. Adelchi Sergio President Mr. Syed Nasim Manzur Managing Director Mr. Syed Gias Hussain Deputy Managing Director Mr. Abdul Momen Bhuiyan Executive Director Mr. S A M Yousuf Executive Director (Unit 02) Mr. Syed Md. Mustaque GM ( Factory ) Mr. Md. Mominul Ahsan Head of HR Mr. Dilip Kajuri Financial Controller Mr.Pradip Kanti Saha General Manager Finance Mr. Atiqul Islam GM ( Leather ) Mr. Md. Shahjahan Company Secretary

HISTORY

SYED MANZUR ELAHI Mr. Elahifirst entrepreneur from a family of lawyers in Calcutta . His father Sir Syed Nasim Ali, was the first Chief Justice of Calcutta High Court, and his eldest brother Justice Syed Abul Masud also retired as Chief Justice of the High Court. Early family influences- plain living-high thinking

Began professional career with Pakistan Tobacco Co. Training and exposure to best practices and corporate culture Mr. Syed Manzur Elahi today continues to be actively involved in our business at a strategic level and also serves in various capacities including: Founder Chairman of Apex Tannery Ltd. Adelchi Footwear Bangladesh Ltd. Apex Pharma Ltd. Gallerie Apex Mutual Trust Bank Ltd. Pioneer Insurance Co. Ltd. Grey Advertising Bangladesh Ltd. Chairman of Bangladesh Association of Banks Chairman of Holiday Publications Director of Advanced Chemical Industries (ACI) International Chamber of Commerce, Bangladesh Member of Public Administration Reforms Commission Former Adviser, Caretaker Government of Bangladesh for two successive period (1996 & 2001)

PRODUCTION: Featured Products

hydraulic filter


stamping tools

glass processing

cooler box

cast basalt

Handmade Oil Painting

Leather mens and ladies shoes Styles include:

Mens dress and formals Mens Casual Mens Dress and Casual Boots Ladies Boots Mens and Ladies Hand stitched Moccasin Factory Area SL 01 02 03 04 05 06 07 Sub-Total 08 09 10 11 Sub-Total Total Office Staff Centre Worker Canteen Engineering workshop & Sub-station Section/Building Cutting Sewing Lasting Component Packing Store Leather Store Area in SFT. 25000 78000 46000 27000 21000 32000 15000 244000 14300 8000 8500 5745 36545 280545

Sources for more detail:

http://www.bracepl.com/brokerage/research/1297916812Apex%20Adelchi%20Footwear.pdf