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World Knits Ltd.

1,196 bytes added, 18:02, 26 August 2008
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{{globalcorpwikiGlobalCorpWiki}} {{Infobox Company| company_name = World Knits Ltd.| company_logo =| company_type = Private| genre = Apparel manufacturing| foundation = 1993| founder =| dissolved =| location = Mauritius| locations =| area_served =| key_people = [[Roland Staub]] (CEO)| industry = Apparel| products =| services =| revenue = USD 25.6| operating_income =| company_slogan =| net_income =| assets =| num_employees = 700| parent =| equity =| owner =| divisions =| subsid =| homepage =| footnotes =}} World Knits Ltd. produces T-shirts and polo shirts in Mauritius. The company started in February 1993 and has since expanded its annual capacity from 700 000 T-shirts to 14 000 000 T-shirts annually. The company’s main strength is the fully integrated knitting, dyeing, finishing and make-up processes. The company exports to Europe and U.S.A. ==Basic InformationCompany History==Company history in paragraph form===HQ Contact informationHistorical Financial Information===2/F Block 17 Industrial Zone <br />Coromandel <br />Mauritius <br />Tel:230 433 1945 <br />Fax:230 433 0233 <br />Email: wkl@wknits.com <br />===Country of incorporationBusiness Strategy===Mauritius===Ownership status=Political and Public Influence==PrivateParagraph information===Primary industry sectorPolitical Contributions===Womens Misses & Jr Blouses & Shirts===Primary industry rankingLobbying======Number of employees worldwide===700===Chief executive officer=Corporate Accountability==[[Roland Staub]]Paragraph===Financial informationLabor=======Ticker symbolDomestic====N* 2002: A group of Chinese workers at World Knits Ltd staged a work stoppage from 29 April to 3 May demanding better salary, annual & sick leave and guaranteed overtime. Following intervention by Ministry of Labour, management agreed to some demands but three workers refused to accept them. These workers were repatriated by the company. [http://www.gov.mu/portal/site/A====Main exchanges===AssemblySite?content_id=ea660e7b9a808010VgnVCM100000ca6a12acRCRD ]N* 2004: Indian workers strike to protest repatriation of one worker, demand reform of piecework system, and request increased meal allowance. [http://www.lexpress.mu/A====Investor website===display_article.php?news_id=14965]N* 2006: suit is filed against company for failing to comply with Occupational Safety, Health and Welfare Act by not reporting workplace injuries [http://A====List of largest shareholders=supremecourt.intnet.mu/Entry/dyn/GuestGetDoc.Asp?Doc_Idx=5832579&Mode=Html&Search=No ]
====Total revenue====
USD 25.6
====Net income====
==Detailed Information=====Company historyHuman Rights===
====Historical financial results=Environment ===
====Books on company=Consumer Protection and Product Safety===
===Business strategyAnti-Trust and Tax Practices===
===Business scope=======Lines of business========Units/subsidiaries=Social Responsibility Initiatives===
==Business Scope==
====Brands====
No own brands.
* [[Jordache]]
* [[Carrefour]]
* [[H & M]]
* produces U.S. university-licensed apparel for [[Vantage Custom Classics]] [http://www.workersrights.org/search/index.asp?factory=World+Knits&id=0]
====Suppliers====
====Creditors====
===Geographic scope===
====Countries of operation====
Customers in Italy, UK, USA, and Sweden
====Breakdown of revenues====
====Breakdown of profits====
====Breakdown of assets====
====Breakdown of employees====
===Governance===
====Executives====
* [[Roland Staub]], director
* [[Michel Meyer]], co-owner
* [[Ian Noel]], co-owner
====Board members & affiliations====
<table border====Executive"1"><tr><th>Customers</th><th>Suppliers</th><th>Creditors</th><th>Competitors</th></tr><tr><td>Customer 1</td><td>Supplier 1</td><td>Creditor 1</td><td>Competitor 1</td></tr><tr><td>Customer 2</td><td>Supplier 2</td><td>Creditor 2</td><td>Competitor 2</td></tr><tr><td>Customer 3</td><td>Supplier 3</td><td>Creditor 3</td><td>Competitor 3</td></tr><tr><td>Customer 4</td><td>Supplier 4</td><td>Creditor 4</td><td>Competitor 4</td></tr></director compensation====table>
====Date & venue of next AGM====
==Corporate Accountability=Financial Information (as of DATE)===
<table border===Labor==="1"><tr><th>Shareholder</th><th>% Total Shares held</th></tr><tr>====Domestic====<td>Shareholder 1</td>* 2002: A group of Chinese workers at World Knits Ltd staged a work stoppage from 29 April to 3 May demanding better salary, annual & sick leave and guaranteed overtime. Following intervention by Ministry of Labour, management agreed to some demands but three workers refused to accept them. These workers were repatriated by the company. [http:<td>% Held 1</td></www.gov.mutr><tr><td>Shareholder 2</portaltd><td>% Held 2</sitetd></AssemblySite?content_id=ea660e7b9a808010VgnVCM100000ca6a12acRCRD ]tr><tr>* 2004: Indian workers strike to protest repatriation of one worker, demand reform of piecework system, and request increased meal allowance. [http:<td>Shareholder 3</td><td>% Held 3</www.lexpress.mutd></display_article.php?news_id=14965]tr><tr>* 2006: suit is filed against company for failing to comply with Occupational Safety, Health and Welfare Act by not reporting workplace injuries [http:<td>Shareholder 4</td><td>% Held 4</supremecourt.intnet.mutd></Entrytr></dyntable><b>Largest Shareholders</GuestGetDoc.Asp?Doc_Idx=5832579&Mode=Html&Search=No ]b>
====Global====History:Geographic scope paragraph
<table border="1">
<tr>
<th>Country</th>
<th>Revenue</th>
<th>Profits</th>
<th>Assets</th>
<th>Employees</th>
</tr>
<tr>
<td>Country 1</td>
<td>Revenue 1</td>
<td>Profit 1</td>
<td>Assets 1</td>
<td>Employees 1</td>
</tr>
<tr>
<td>Country 2</td>
<td>Revenue 2</td>
<td>Profit 2</td>
<td>Assets 2</td>
<td>Employees 2</td>
</tr>
<tr>
<td>Country 3</td>
<td>Revenue 3</td>
<td>Profit 3</td>
<td>Assets 3</td>
<td>Employees 3</td>
</tr>
<tr>
<td>Country 4</td>
<td>Revenue 4</td>
<td>Profit 4</td>
<td>Assets 4</td>
<td>Employees 4</td>
</tr>
</table>
Policy: ==Governance======Executives====* [[Roland Staub]], director* [[Michel Meyer]], co-owner* [[Ian Noel]], co-ownerBoard members/affiliationsExecutive director/compensationDate and venue of next AGM
Campaigns against company:
==Contact Information==
2/F Block 17 Industrial Zone <br />
Coromandel <br />
Mauritius <br />
Tel:230 433 1945 <br />
Fax:230 433 0233 <br />
Email: wkl@wknits.com <br />
==Articles and Resources==
===Books on the Company===
Major reports: ===Environment & product safety=== ===Human rights======Anti-trust, consumer protection, tax practices======Political & public influence=== ===Social responsibility initiatives=== ==Articles and resources=====Related SourceWatch articlesArticles===
===Sources===
<references/>
===External resourcesResources===
[http://www.workersrights.org/search/index.asp?reset=1 Worker Rights Consortium Factory Disclosure Database]
===External articlesArticles===
[[Category: Corporations]]
[[Category: Apparel]]

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