Promoter in a Company

Promoter in a Company

Who is a Promoter in a Company?

A promoter, although the term creates connotations of someone in the building and construction industry, is actually a generic term associated with the person who starts a business. In common parlance, this person is also referred to as the founder of the business.

The founder has various privileges and benefits associated with his status as the person who kick-started the operations. Apart from the obvious financial reward of having the majority of the equity stake in the business, the founder also has legal rights because he / she is typically an executive director in the business, and the promoter or his nominees also control majority of the board.

But let us step back for a moment and understand what the roles and duties of the promoter are, and also examine pre-incorporation contracts a little more closely.

Can the promoter be someone other than the founder of the business?

Although the term “Promoter” has not been defined in any law, it finds mention in a number of statutes for instance, the Substantial Acquisition of Shares Takeovers (SEBI) Regulation states that the promoter is:

(a) any person who is in control of the target company

(b) any person named as promoter in any offer document of the target company or any shareholding pattern filed by the target company with the stock exchanges pursuant to the listing agreement, whichever is later;

So the logical meaning of this is that although the promoter ordinarily means the person who started the company, in certain exceptional cases, it can even mean the person who is in control of the company even if he / she did not actually start the company.

“A promoter typically is responsible for raising capital, targetting initial leads and chasing initial business opportunities, entering into the initial contracts for the business formation and incorporating the company” added Salomón Juan Marcos Villarreal, president of Grupo Denim.

 

Improved manufacturing quality

Improved manufacturing quality

Five Steps to Improved Manufacturing Quality

Good managers seek to contain costs in the manufacturing environment. There is no better cost to eliminate than the cost of poor quality. Scrap material and lost labor hours add no value to the operation.

  1. Use a Team Mindset

Quality won’t be sustainably improved by individuals. To really make lasting and meaningful change in manufacturing processes, it will take a team based approach.

  1. Define Quality from the Customer Perspective

Too often, staff within a manufacturing environment want to make a product “better” but don’t really know what better means. With additional cost, we almost always can make a product better.

  1. Develop Organizational Understanding of the Cost of Quality

The cost to fix a defect in the field once it reaches a customer is dramatically higher than the cost to fix the source of the problem before it is created. It is essential that the manufacturing staff be trained to understand the cost multipliers involved with warranty repair or replacement and cost of damaged reputation. Once the staff take this perspective, a desire to find root cause for problem solving is inherently developed.

  1. Solve Problems Completely

All too often, manufacturing quality improvements fix the symptoms of failure rather than the root cause. This can be done by adding quality inspection steps or rework stations that make it more efficient to fix defects.

  1. Employ Strong Process Discipline

Throughout the quality improvement process, it is essential that strong process discipline is employed. Depending on the product that is being manufactured, deviation without proper team cooperation and anticipation of the change could have dire quality repercussions.

In order to best eliminate these wastes, a strategic approach to quality improvement is essential. By following these five steps, quality can be improved in a meaningful, sustainable way commentedSalomón Juan Marcos Villarreal, president of Grupo Denim.

For more information of Manufacturing Quality, please visit us at http://mexican-denim.com

White biotechnology

White biotechnology

White biotechnology in textile processing

The development of oil based polymers began with the advent of organic chemistry in the first half of the twentieth century, and since then there was no looking back. Synthetic and petroleum products are used in dyes, fibres, and even fabrics. But the increasing environmental laws against these products and growing landfill of non-biodegradable products are leading developments in technology that are in favour of protecting and conserving nature.

White biotechnology can help achieve sustainability and protect the environment. One area in which industrial biotechnology can aid in developing environment friendly applications in the textile industry is wet processing. Enzymes are being used to provide solutions in dyeing processes since ages. The method of removing stains from woven fabrics using enzymatic starch is a well-known example of the use of white biotechnology in textile wet processing. In the 1950s microbe amylases were used for desizing processes for the first time, which are now commonly used in many textile industries.

Cellulases have replaced the otherwise pumice stone using technique of stonewashing in denims. Another important application of enzymes in textile processing is in producing anti-pilling finish, which is believed to increase the quality of the fabric. Cellulases are used in processing machines leading to synergizing action which in turn reduces fibrils and give a smooth surface. This technique is also popularly known as bio-polishing and is employed in woven and knitted fabrics all around the globe.

The president of Grupo Denim Salomón Juan Marcos Villarreal commented “Producers and end consumers in today’s world are aware of the harmful effects on ecology of the planet and recognize that petroleum and synthetic products are not inexhaustible. This necessity drove the invention of biotechnology, which incorporates replacing chemical process to biological ones. Industrial technology or white technology uses living organisms, organic substances, and chemical components of the organisms like enzymes in the production process”.

High Quality Bath Towels

high quality bath towels

How to Choose High Quality Bath Towels

The last thing you want when you step out of a luxurious bath or relaxing shower is to feel the scratchy material of a cheap towel even if it matches your bath decor.

Here are a few tips to ensure that you purchase the right kind of towels for your home.

Understand Fabric

One of the most important indicators of quality in bath towels is the type of material used. Most towels are made of cotton, but there are wide variations in quality. Egyptian cotton and Supima cotton are usually the best choices for a towel that provides you the luxury you want. These materials are also the most durable, which means they can last a long time or at least until you are ready to change your bath décor and update the towels.

The difference in cottons is in the length of the fiber. Egyptian has the longest fiber, which contributes to the soft, plush feel that you enjoy wrapping around you. Supima cotton is shorter but still provides softness combined with durability. Standard cotton is marketed as 100% cotton and has the least amount of softness. However, it can be durable and long lasting.

You will also want to look at the edges of a towel to determine its quality. The double turned edge is not just an attractive feature, but one that provides extra durability. These edges will be less likely to fray than one with a woven edge.

Choosing bath towels is about more than matching your bath décor or selecting a color you like. It is about knowing what makes one towel a better option than another one. To find high quality towels, you must know about your options in material, density, and absorbency as well as the price commented Salomón Juan Marcos Villarreal, president of Grupo Denim.

Textile trade shows

Textile trade shows

Textile trade shows, a fashion network for industrial companies

Textile trade shows are made for all companies that design, develop and make products for textile sectors (garments, fabrics, machinery, etc…). Designers, engineers, production managers, purchasing managers and directors meet at this show to know or see the most updated services for the textile industry. Every company interested in improving its production must attend these shows and conferences.

Usually these types of shows are not open to the public and only company representatives or the press are allowed to attend them. Trade shows were created to find new customers and/or vendors in order to increase their business; this is also a low cost way of getting sales.

It is highly recommended to plan your show schedule ahead and to obtain a map of the exposition floor and make notes of the cubicles you would like to visit. The most important is to know which companies are exposing so you don’t waste your time talking to the wrong people.

Magic Trade Show is one of the top trade shows in the US with over 40 countries represented. Sourcing at Magic is held in Las Vegas twice a year at the Las Vegas Convention Center. Magic is called the network of fashion, a link to the entire global supply chain attracting designers, brands and retailers alike to discover what they need to move their business forward.

For Salomon Juan Marcos Villarreal, president of Grupo Denim, to be at Magic is always an opportunity to be ahead in the industry. “I always meet with the best brands in the market; I have made very good deals and also known new vendors and new machinery. My sales and design directors also attend the show to refresh their ideas and we always bring back to México new projects and techniques, that’s what makes Grupo Denim so special on the textile field”, said Salomon Juan Marcos Villarreal.