Glorius Sun Fashion Garments Ltd

1) Project is for Polo T-shirt, 36 Styles and 9 Colors. Total quantity- 56000 PCS.
Value of the PO- 175000USD (20% Sharable Profit) - Denmark Buyer FOB Jan 2025
2) Production for Womens Tshirt- 18 Styles, 5 colors. Repeat order. Quantity- 34000PCS - Value 60000USD (20% Sharable Profit) - Poland Buyer FOB- March 2025
3) Production for US Customer- Multipe Products - total quantity - 200000 PCS
Value- 350000 USD (22% Sharable Profit) FOB- March 2025

The projects are in the process of PP samples (PreProduction Smapling)
Once those are Approved, we will go for inhousing the fabrice for Production. Kniting and dyeing is completed as fabric and lab dips are approved already.

Glorius Sun Fashion Garments Ltd. serves a diverse range of customers primarily consisting of fashion brands, wholesalers, and retailers across Europe, the United States, and emerging markets. Our clients include established international brands from Denmark, Poland, and the US, who are seeking high-quality, cost-effective garment production for men’s, women’s, and children’s apparel.
Target Market and Characteristics:
• Location: Our main markets are Europe and North America, with expansion potential in growing markets like Asia and Australia.
• Target Age Group: The final consumers of the products we manufacture typically fall within the age range of 18-45 years, with a focus on fast fashion and casual wear. These consumers are style-conscious, trend-driven, and prioritize affordable, high-quality clothing.
• Customer Characteristics: Our buyers are often fashion retailers and wholesalers who prioritize:
o Competitive pricing to maintain healthy margins.
o Speed and reliability in production and delivery to meet fast fashion demands.
o High-quality standards, adhering to sustainability and ethical production practices.
o Flexibility in design and the ability to handle large orders with tight deadlines.

Market Size: Globally, the fashion and apparel industry is valued at approximately $1.5 trillion, with significant growth projected over the coming years. The European Union’s apparel market alone is estimated to be worth over $400 billion, with Germany, France, and the UK being major players. North America's market stands at around $370 billion, making it another critical area for garment exports.

In terms of quantity, the global demand for garments is rising, driven by the fast fashion sector and the increasing demand for affordable, trendy apparel. The global apparel production is expected to grow at an annual rate of 4-6%, with over 100 billion garments produced yearly, and this number continues to increase as consumer preferences shift toward more frequent purchasing of new clothing.

Market Growth and Trends: The garment industry is experiencing growth due to the rise of fast fashion and e-commerce. Consumers are buying more clothes, and the industry is adapting by shortening lead times and offering quicker deliveries. Additionally, sustainability and ethical practices are becoming more important, creating opportunities for companies like Glorius Sun Fashion Garments Ltd., which can deliver on these demands without compromising on price or quality.
With increasing consumer demand and the global shift toward more sustainable fashion, the market continues to rise steadily. Given the robust demand from existing customers and rising orders, Glorius Sun Fashion Garments Ltd. is well-positioned to grow alongside the global market.

We are seeking investment because, as we approach the bank, the interest rates and various charges are significantly impacting our profits. Additionally, new export-related fees have been introduced, further cutting into our margins. Rather than paying these excessive and often unethical charges, we are looking to partner with an investor who can benefit more than they would fr om typical bank interest rates. This creates a win-win situation, wh ere both parties gain from a more profitable and ethical business relationship.

For Glorius Sun Fashion Garments Ltd., the competitive landscape primarily includes established garment manufacturers specializing in knitwear within Europe, particularly in Germany. Key competitors may include:

Hanesbrands Inc.: A significant player in the knitwear market, known for their extensive range of t-shirts and activewear. Market share: approximately 15%.

Gildan Activewear: Specializes in basic apparel and has a strong presence in Europe, offering competitive pricing and bulk order options. Market share: around 10%.

Fruit of the Loom: Another well-established brand with a focus on affordable knit garments, targeting both retail and wholesale markets. Market share: about 8%.

Local European Manufacturers: Smaller factories may produce knit garments with a focus on quality and sustainability, appealing to niche markets. Collectively, they hold a significant share, around 25%.

If direct competitors are minimal, alternatives currently used by customers may include:

Fast Fashion Brands: Companies like Zara and H&M, which offer a wide range of knit garments at competitive prices, although with a faster turnover and potentially lower quality.

Custom Print Shops: Businesses that provide customized or printed knitwear, catering to specific needs but often at a higher price point and lower production efficiency.

Understanding these competitors and alternatives allows Glorius Sun Fashion Garments Ltd. to identify gaps in the market and leverage its manufacturing capabilities to attract customers seeking quality, affordability, and timely delivery.

Glorius Sun Fashion Garments Ltd. has several indisputable advantages and differentiators that set its products apart from competitors:

Indisputable Advantages
Cost-Effective Manufacturing: As a Bangladesh-based manufacturer, we benefit from lower production costs without compromising quality. This cost efficiency allows us to offer competitive pricing that is difficult for many European manufacturers to match.

High Production Capacity: With a maximum capacity of 500,000 pieces annually, we can fulfill large orders quickly and efficiently, providing a reliable supply chain for our clients.

Quality Control: Our focus on quality in the knit category, coupled with experienced workers, ensures that each garment meets stringent quality standards. This commitment to quality creates trust with customers that is not easily replicated.

Differentiators
Customization Options: We plan to offer personalized customization services, allowing clients to tailor designs, colors, and sizes to meet specific needs, which can enhance customer loyalty and satisfaction.

Sustainable Practices: Emphasizing eco-friendly manufacturing processes and materials can attract environmentally conscious consumers, providing a competitive edge in a market increasingly focused on sustainability.

Speed to Market: Our efficient production processes enable quick turnaround times for orders, making us an attractive choice for clients who require timely deliveries.

Brand Story: By promoting our commitment to fair labor practices and community support, we can create a strong brand narrative that resonates with socially conscious consumers.

These advantages and differentiators position Glorius Sun Fashion Garments Ltd. as a compelling choice for clients seeking quality knit garments at competitive prices while also emphasizing sustainability and customization.

Key Financial Indicators
Production Capacity:

Maximum capacity: 500,000 pieces annually.
Cost Price (CP):

CP per piece: $2 - $4.
Revenue Projections:

Year 1: $1,000,000 (250,000 pieces at an average selling price of $4).
Year 2: $1,500,000 (375,000 pieces at an average selling price of $4).
Year 3: $2,000,000 (500,000 pieces at an average selling price of $4).
Year 4: $2,500,000 (500,000 pieces at an average selling price of $5).
Year 5: $3,000,000 (500,000 pieces at an average selling price of $6).
Gross Margin:

Target gross margin: 30% based on selling prices.
Net Profit Margin:

Expected net profit margin: 10-15%.
Sales Growth Rate:

Expected annual growth rate: 20-30% as brand recognition increases and market share expands.
Market Share:

Aim to capture 1-2% of the garment market in Germany by Year 5.
Pricing Strategy
Average Selling Price:
Year 1: $4 per piece.
Year 2: $4 per piece.
Year 3: $4 per piece.
Year 4: $5 per piece.
Year 5: $6 per piece.
Sales Expectations
Year 1:
Target units sold: 250,000
Revenue: $1,000,000
Year 2:
Target units sold: 375,000
Revenue: $1,500,000
Year 3:
Target units sold: 500,000
Revenue: $2,000,000
Year 4:
Target units sold: 500,000
Revenue: $2,500,000
Year 5:
Target units sold: 500,000
Revenue: $3,000,000

12 months

9

Glorius Sun Fashion Garments Ltd. operates as a profit-generating factory specializing in the knit category of garments. With a dedicated workforce of 700 skilled workers, we achieve a production capacity of 20,000 pieces per day for critical items and 30,000 pieces per day for general garments. Our efficient manufacturing processes and commitment to quality ensure that we meet the demands of our clients while maintaining competitive pricing. By leveraging our capacity and expertise, we aim to establish ourselves as a leading supplier in the garment industry, focusing on both profitability and sustainability.

We have no issues with production or our clients—our customers are satisfied and eager to place more orders. However, our factory currently has a capacity of 500,000 pieces per month, while demand exceeds 1 to 1.5 million pieces. With the right investment, we can expand our production capabilities, allowing us to meet this growing demand. This will not only benefit our customers but also enhance our profitability, creating significant returns for our investors.

While Glorius Sun Fashion Garments Ltd. has strong potential for success, several risks could pose challenges to the business:

1. Market Competition:
Aggressive Pricing: Established competitors may respond to our entry into the market with aggressive pricing strategies, potentially eroding our market share.
Innovation from Rivals: Competitors may invest in new technologies or sustainable practices that enhance their offerings, making it difficult for us to differentiate our products.
2. Economic Factors:
Economic Downturns: Global or regional economic crises can reduce consumer spending on non-essential garments, impacting our sales.
Currency Fluctuations: As an exporter, fluctuations in currency exchange rates can affect profitability, particularly if costs rise or revenue diminishes when converting back to local currency.
3. Supply Chain Disruptions:
Raw Material Availability: Disruptions in the supply of raw materials, whether due to geopolitical issues or environmental factors, could hinder our production capacity.
Shipping Challenges: Delays in shipping logistics could affect timely deliveries, damaging customer relationships.
4. Technological Advancements:
Automation and AI: Competitors adopting advanced manufacturing technologies, such as automation and AI-driven processes, may gain efficiencies that we cannot match without significant investment.
5. Consumer Trends:
Shifts in Fashion Trends: Rapid changes in consumer preferences can lead to unsold inventory if we fail to adapt quickly.
Sustainability Concerns: If we do not address sustainability effectively, we may lose customers to brands with stronger eco-friendly commitments.
6. Regulatory Risks:
Trade Policies: Changes in trade regulations or tariffs can impact our cost structure and pricing strategy, making our products less competitive in certain markets.
Proactively addressing these risks through market research, flexible production strategies, and a strong focus on customer engagement will be critical to minimizing their potential impact on the business.

Non

BGMEA Best Exporter 2012, 2014