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	8	+* In Bangladesh, Singer Bangladesh Limited has started its operation in 1905 – during the British colonial era.
	9	+* (((
	10	+In 1983 the company was listed with Dhaka Stock Exchange (DSE) and offered 20% of its total capitalization- 2,565 ordinary shares of Taka 100 each. In 2001, it was also listed with the Chittagong Stock Exchange (CSE).
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	12	+* (((
	13	+Arçelik A. S. has acquired 57% stake of Singer Bangladesh Limited in 2019. The company is an Istanbul-based home appliance company.
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	16	+International Appliances Limited is the only subsidiary of Singer Bangladesh Limited. The two companies amalgamated as per directions from the honorable High Court, effective from 01 February, 2021.
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	19	+In the year 2020, ended 31 December, Singer has reported a revenue of Tk 14,958 million which was 15,370 million a year earlier, a 2.68% decline year-on-year.
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	21	+* (((
	22	+The company has achieved a return on equity (ROE) of 24.36% in 2020 which was 32.32% in the previous year. Number of shares outstanding for the company is 99.70 million in both 2020 and 2019. Earnings per share of the company is Tk 7.85 in 2020, which was Tk 10.35 in 2019.
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5	5	= Company overview =
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7	7	== History ==
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9		-Singer has started its journey in the hands of Sir Isaac Merritt Singer in 1851. The entrepreneur has borrowed $40 to start manufacturing a machine that will help in the making of clothing. Name of the company was I.M. Singer & Company and the sewing machine was the revolutionary product of the company. In 1876, the company has become the first multinational industrial company to produce sewing machine as it started its operation in Glasgow, Scotland. The company was headquartered in Singer Building, 149 Broadway, New York from 1908 to next 54 years. Currently, the company is headquartered in La Vergne, Tennessee, United States.
	29	+Singer has started its journey in the hands of Sir Isaac Merritt Singer in 1851. The entrepreneur has borrowed $40 to start manufacturing a machine that will help in [[image:logo.png||alt="Singer Bangladesh Limited Logo" height="130" style="float:left" width="400"]]
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	31	+the making of clothing. Name of the company was I.M. Singer & Company and the sewing machine was the revolutionary product of the company. In 1876, the company has become the first multinational industrial company to produce sewing machine as it started its operation in Glasgow, Scotland. The company was headquartered in Singer Building, 149 Broadway, New York from 1908 to next 54 years. Currently, the company is headquartered in La Vergne, Tennessee, United States.
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11	11	In Bangladesh, Singer Bangladesh Limited has started its operation in 1905 – during the British colonial era. The company set up two shops in Dhaka and Chittagong in 1920. After the partition of the sub-continent in 1947, two separate states emerged. Bangladesh became a part of Pakistan and formed its eastern wing. SINGER in East Pakistan operated as a branch of SINGER Pakistan and the products used to come from Western Pakistan. At the initial stage, marketing operation was carried out through only 10 shops, which increased to 43 by the late 1960s. After the emergence of Bangladesh on December 16, 1971, the East Pakistan Branch Office was elevated to a country Office and the Sewing Machines were made available from different Singer overseas sources. The number of shops was squeezed to only 23 because of low volume of business.
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13	13	A change in the investment policy in 1979 created new business opportunities and SINGER registered as an operating company, with 80% of the share held by Singer Sewing Machine Company (SSMC), USA, and 20% by local shareholders. In 1983 the company was listed with Dhaka Stock Exchange (DSE) and offered 20% of its total capitalization- 2,565 ordinary shares of Taka 100 each. In 2001, it was also listed with the Chittagong Stock Exchange (CSE).
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33	33	IAL was incorporated for the purpose of carrying on the business of manufacturing and selling of refrigerators of different capacities, models and types with a brand of “Singer” for exclusive marketing by Singer Bangladesh Limited. The manufacturing plant of the Company is situated at Mousa Koulashur, Hemayetpur, Savar, Dhaka, Bangladesh.
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35		-As per the Judgment and order dated 01.02.2021 passed by Hon’ble High Court Division of the Supreme Court of Bangladesh in the Company Matter No. 167 of 2020, acquisition date was March 14, 2021. Singer Bangladesh acquired 100% of voting interest of IAL.
	57	+As per the Judgment and order dated 01 February, 2021 passed by Hon’ble High Court Division of the Supreme Court of Bangladesh in the Company Matter No. 167 of 2020, acquisition date was March 14, 2021. Singer Bangladesh acquired 100% of voting interest of IAL.
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37	37	The cited benefits of the amalgamation include increase in strength of Singer Bangladesh Limited (the transferee), achieving larger product portfolios, economies of scale, efficiency, optimization of logistics, improve synergies, and increase distribution network. Apart from that the transferee company will be able to optimize the cost minimizations. The benefits of the shareholders, employees, and creditors will increase compared to what would have been as separate entities. Earning per share will also increase for the shareholders. The employees of IAL will continue their employability and will keep lending their expertise to the transferee company.
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