Berger Paints Bangladesh Limited (Bangladesh)

The Company is mainly engaged in the manufacturing and sale of paints, varnishes and coatings. This forms the focus of the Company's internal reporting system. While the Company has clearly differentiated brands, segmentation within a wide portfolio of brands is not part of the regular internally reported financial information to the Chief Operating decision maker. Therefore, it is not possible to segment the Company's results by
brand without a high degree of estimation.
The Company was incorporated in Bangladesh on 6 June, 1973 as a Private Limited Company and then was converted into a Public Company limited by shares on June 21, 2005 with authorized 4000,000 shares at 100 par value. The core business of Berger is manufacturing and marketing of Paints, varnishes and coatings. It produces a wide range of paints including architectural paints, industrial coatings, marine paints and powder coatings. With a view to improving consumer satisfaction, Berger has also introduced end-user oriented services, such as Color Bank, Home Decor, Pro link and Tinting. Its wholly-owned subsidiary, Jenson Nicholson Bangladesh Limited, is engaged in Tin container production - most of which is supplied to their parent Company.
The name of the Company was changed from J N (Bangladesh) Limited to Berger Paints Bangladesh Limited on January 1, 1980.
The Company was listed on Dhaka stock exchange on December 27, 2005 and Chittagong stock exchanges on December 21, 2005.
The reporting period of the Company was changed to March from December.
The Company has a subsidiary.