Khan sports & import export

Brief Introduction: Company is going to be started in 2011.basic aim of this company is to deal in the high quality sports goods within the country and internationally.

Promotion stage
1st we have decided to select a business of import export to work without the boundries.idea must have to go on the floor.we our 4 patners get together and decided the finance.the most important thing in business.collectively gathered 40 million. 1st stage was to set the name of company which is "khan sports & import export. the taret is to make the sports equipment and supply in our own country and then internationally.our major compititor is MALIK Sports sialkot. we all know our young blood is almost 90% towards cricket.so we initially emphisis on cricket equipment production and supply.like cricket bats,kits,wickets etc. plant is setted in karachi because our registered office is in karachi and karachi has cricket crase and cricket acadmies more then any city.our initial cost is given below cost machinery (imported from china) = 8 lacks buildings( on lease) = 2 lack transport trucks =14 lacks labor 80 people =wages 2 lack per month wood suplies are needed mostly in manufacturing dept and supply of wood has been setted by pakistan forest institute. a team of proffesionals has been hired for the promotion and administration works. going further we have targeted our market as cricket accadamies,small cricket clubs,school teams,colg level teams and also a offer to distt level teams.while providing cricket equipment to these targets we will work on other sports products as hockey,tannis,football.once our name will be emerged in market we will then go to international market as a exporter of sports equipment.and if i talk about big level.we have a policy to wait for an opportunity.An event that can raise our company,s name..like SAF GAMES,Under 19 series of cricket etc. at which we can supply our best quality goods and equipments and also a sponser source.after these small scale providing of equipment we definatly will move further and we will also try to avail a chane to provide footbals to olympics,fifa fedaration and to our international players.these all are our 5 to8 years plans. advertizement is also an important part for our product.we will follow celebrity

endowsment to advertize our product.like for cricket we have many options.shahid afridi in a BAT PROMO...etc...so this thing definatly requires finance...initially our main emphisis is small scale distribution & with passege of time we will broad the things up.

Mamorandum Of assosiation
of

KHANS SPORTS GOODS (PRIVATE) LIMITED

I.
The name of the Company is KHAN Sports Goods & import/export (Private) Limited.

II.

The Registered Office of the Company will be situated in Karachi/sindh,pakistan

III. 1.

The objects for which the Company is established are To manufacture, buy, sell, import, export and deal in all kinds of hockey sticks, cricket bats, walking sticks, skating sticks, cricket wickets, foot balls (soccer balls), volley balls, basket balls, net balls, hand balls, rugby balls, hockey & cricket balls, tennis and badminton balls, squash and all other kinds of balls made of leather, rubber and any other material and tennis rackets, badminton rackets, squash rackets and cotton gloves, working gloves, boxing gloves, ice hockey gloves, baseball gloves, goalkeeper gloves, ski gloves, punching gloves, wicket keeper gloves, batting gloves, leg guards, head guards, knee caps, anklets, vests, golf gloves and other sports related products

2.

2. To establish, run and operate tailoring, knitting and stitching plants for the manufacturing of all types of sports wears including but not limited to sport suits, leather products, leather dresses, leather coats, leather furs, leather gloves, leather belts, leather shirts, bags, saddles, sports shoes, judo karate suites, and martial art accessories, leather jackets, leather trousers, brief cases, suitcases and all kinds of sports products whether made of leather, cotton, polyester, nylon or any kind of material.

3.

3. To carry on the business of general order suppliers including Government, Semi Government agencies and to act as commission agents, indenters, traders, general merchants, wholesaler, retailers, dealers, distributer, stockiest of the above mentioned goods and articles and any other kind of sports goods.

4.

The liability of the members is limited.

5. 6.

The Authorized Share Capital of the Company is 40 million For the points discussed above we will: import, buy, own, install or otherwise procure plants, machineries and other equipments and machine parts in the Companys workshop or to take on rent plants, machineries and other equipments for the purposes for which the Company is established and/or to dispose off such plants, machineries and spare parts which have become obsolete or worn out acquire and undertake the whole or any part of the business, property and liabilities of any person or company carrying on any business which the Company is authorized to carry on, or possessed of property suitable for the purposes of the Company. train personnel and workers, both in Pakistan and abroad, to obtain technical proficiency in various specialties connected with the objects of the company or any of them.

take, or otherwise acquire, and hold shares in any other company, having objects altogether or in part similar to those of this Company, or carrying on any business capable of being conducted so as directly or indirectly to benefit this Company, but not to act as an investment company.

construct, maintain, improve, manage, carry out, control or develop and alter any buildings or works, manufactories, warehouses, shops, stores, necessary or convenient for the purposes of the Company

04-jaunary-2011

open, close and operate banking accounts of the Company with any banker.

Witness to above signatures.

______________ Signatures

Full Name, _________ NIC Number,_________ Fathers/Husbands Name ________ Full Address_______________ Occupation____________________

After 2 years of company,s life

Procedure and working

Khan sports and import export started operational life and registered into stock exchange within 6 months.manufacturing and supplying of various sports eqipment was in the procedure and 1st supply to retalors and whole sellers was at 6th march 2011.it was a bulk sale and we ensured our whole sellers to return back if response is not good.our marketing compain includes 12 profeesionals who visited schools,colleges and sports accadmies to talk about KHAN SPORTS and Presented it well.the responce was good and 65 out of 100 bats on ist manufacturing cycle were sold.we continued it and more orderes were recieved for bats.this time addition of cricket balls and kits were added and given to whole sellers.with the passege of time we launched an advertizement and targeted mass media.

Financing again
40 millions were returned back in 8 months and we wanted to expand our business for more market capture.1st it was decided to go for loan and a loan of 25 million was taken by bank.that loan was utillized in manufacturing and promotion department.We were all there in the market and decission taken about issuence of shares. So financing department decided to issue shares

Our Prospectus
Name:khansports and import/export of sports goods Investment information Khan sports require necessary funds for the investment in following fields Sports goods manufacturings,spread of our business in pakistan and overseas,increasing the number of our plants and transports, It is not gaurenteed that our investment objective will be achived Our past perfomance Change in rate of return(%) 1st year Khan sports Our benchmark 32 % 30% 2nd year 17 % 17% Current year 39 % 35%

Procedure of purchase of shares of khan sports Karachi stock exchange Lahore stock exchange Islamabad stock exchange Dividents Prefrence share holders will be paid by devidents at the end of fiscal year. Available securities:100000 ordinary shares of rupees 10 each.

Quarterly general meeting of share holders consisting of all shareholders

Shares and issuings

The Authorized Share Capital of the Company is now Rs. 1,000,000 divided into 100,000 ordinary shares of Rs. 10 each with the rights, privileges and conditions attached thereto, with power to increase and reduce the capital of the Company and to divide the shares in the capital for the time being into several classes and attach thereto respectively, subject to the provisions of the Ordinance, such preferential, deferred, qualified, or special rights, privileges or conditions and to vary, modify or abrogate any such

rights, privileges, or conditions in such manner as may for the time being be provided by the regulations of the Company. The response was un beliveable and out of 100000 shares 780000 were sold in and reminings were unissued.

Directorships at the will of shareholders

Now it was time for shareholders to select the board of directors.Few names were thier who was intrested for directorship and Election by subscibers was held and a commetee was formed and after elections board of directors was formed at the will of shareholders. After their selection directors has done good job and done some good work for the intrests of company as Issues more shares when needed Invests on plants and departments Taken loans whenever needed 4 annual general meetings were held and matters were disscussed in those meetings in the presence of share holders.

Chief exective officer

When directors were appointed they have selected ABDULLAH KHAN as CEO of the company What ABDULLAH KHAN has done ?? Signs annual reports and documents of the company Decission makings on any of new project which company was intrested. Formulates the policies of companies. Manages the check and balance of the company. Looks for objectives and decides whether objectives are being fullfilled with curren stretgies or not. Arranges meetings with directors on quarterly bases and discuss the company current affairs.

Company From 2011 to 2017

Company has completed 6 years of its operational life and it was a occasion of companies anniversory where CEO arranged meeing at 4th of january and invited all of the members assosiated with company. CEO presented the company,s situation in 6 years as follow

1. Company started its business life with 40 million and 100 employees.now we have 600
employees and company,s worth s 250 million.

2. We are all over pakistan and a well known brand of high quality sports goods. 3. We served our country in SAF games,local hockey competition and under 19 pakistan cricket 4. 5. 6. 7. 8.
team. We also provided footballs,hockey sticks and cricket equipments at international level to bangladesh,afghanistan,behrain,iran and kwait. Responce from costomers was awsome and they are intrested in us in future also. Company,s marketings and adververtizements were highly apriciadeable and brand embesiders within pakistan and outside has done satisfactory job. Our shareholders supported us and we are very thankfull to you all for beliving on us.we need this support in future also. In long term Company has decided to capture market of europe in football and baseballs.

Need of investigation
In 2018 company was suffering with a lack of profit due to failure in global market of asia and europe.turnover was also increasing day by day due to lack of payments of salleries and profits. An annual general meeting was called under the assistance of ABDULLAH KHAN and directors. Decission was taken to investigate for the reson og failure and forign investigation company was hired for it. INSPECTORS REPORT After inspecting the comanies affairs,books,annual reports,departments,plants and stratgies the have presented their report as The major reson for the lack of profit in 2018 was the economic situation of pakistan. Political situation also affects the companies. Company,s major equipment and strenth was CRICKET goods.and main failure was that craze was end. Internationally pakistan was not as a good image country and sales of a pakistani based company was affected.

Winding up our company:

Situation was going more and more complex for the company with the passege of time.oversea,s we were not making any infuence due to a pakistani company and the major aim was not going on the track. So board of directors and CEO decided to come back in pakistan and spend some time and windup after debts on positive.extrordinary general meeting was called and decission was taken in the presence of shareholderes to windup in the end of 2020. Slowly slowly KHAN SPORTS which started with a flying start was going to patchup. In the end we stopped our production and competed the books.with distributing the profit among shareholders and selling its assets also. KHAN import/export which has created its brand name in 2 years and a flying career of the company comes to an end with Starting capital = 40 millions Ending capital = 120 million

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