GOOD LEATHER SHOES PRIVATE LIMITED

Detailed Report

26 March, 2023
 GOOD LEATHER SHOES PRIVATE LIMITED

Chapter 1 Overview 4
1.1 Vitals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.2 Contact Details . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.3 Latest Filings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.4 Old Names Of This Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.5 Old Cins Of This Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.6 Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.7 Kyc Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.8 Financial Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.9 Auditors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.10 Financials Available . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.11 Score And Risk Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Chapter 2 Directors And Kmp 7

2.1 Current Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
2.2 Current Kmp Other Than Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
2.3 Other Directorships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
2.4 Previous Directors / Kmp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Chapter 3 Financials 9
3.1 Financial Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
3.2 Standalone Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
3.3 Standalone Profit And Loss....................................................................................................................................10
3.4 Standalone Important Ratios..................................................................................................................................11

Chapter 4 Charges On Assets 13

4.1 Charges On Assets - All.........................................................................................................................................13
4.2 Charges On Assets - Bank Wise............................................................................................................................13

Chapter 5 Terms And Conditions 14

5.1 Copyright................................................................................................................................................................14
5.2 Note On Tofler Score.............................................................................................................................................14
5.3 Disclaimer..............................................................................................................................................................14

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 GOOD LEATHER SHOES PRIVATE LIMITED

OVERVIEW
26 March, 2023

VITALS

Status Active Authorised share capital 12.00 cr

CIN U19201TN1994PTC028398 Paid up share capital 11.89 cr

Incorporation Date 24 August, 1994 Sum of existing charges 77.48 cr

Category Company limited by Shares Last reported AGM date 30 September, 2022

Sub-category Non-govt company Listing status Unlisted

CONTACT DETAILS
Registered Address
Email Address goodleatherho@goodleathergroup. com No.18, III Floor, Railway Colony First Street, Aminjikarai Chennai
Not available 04423746667
Website Telephone

LATEST FILINGS
Latest Annual Return 31 March, 2021
Latest Balance Sheet 31 March, 2022
Latest Profit & Loss 31 March, 2022

OLD NAMES OF THIS COMPANY

No previous names were found for this company.

OLD CINS OF THIS COMPANY

No previous cins were found for this company.

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INDUSTRY
Manufacturing (Leather and Leather Products)

KYC INFORMATION as on 01 April, 2016

Company PAN AAACG8998GNo. of Employees 251 - 500

FINANCIAL HIGHLIGHTS Figures in INR as on 31 March, 2022

Revenues 177.06 crEBITDA 8.51 cr

Profit After Tax 1.35 crNetworth 51.25 cr

AUDITORS as on 26 March, 2023

Auditor Type Signatory Name Year

Kvchandramouli And Co Auditor Firm Chandramouli Shankar 31 March, 2022

FINANCIALS AVAILABLE
PARTICULARSFILED ON
Financial Statements 30 Sep, 2022
Financial Statements 30 Nov, 2021
Financial Statements 30 Dec, 2020
Financial Statements 30 Sep, 2019
Financial Statements 28 Sep, 2018
Financial Statements 29 Sep, 2017
Financial Statements 30 Sep, 2016
Financial Statements 30 Sep, 2015

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SCORE AND RISK ANALYSIS as on 29 Dec, 2022

Tofler Score for GOOD LEATHER SHOES PRIVATE LIMITED

Tofler Score factors:

Sustainability
Governance Growth

RISKS
Severe Risks Very low interest coverage

Medium Risks Low roce Payables deteriorating Low cash balance Cash deteriorating

Low Risks High inventory Net margin deteriorating

* Please see note on Tofler score at the end of the report.

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DIRECTORS AND KMP

26 March, 2023

CURRENT DIRECTORS as on 26 March, 2023

Director's name Date of appointment Designation

KETHINI RAMASWAMY BABU 24 August, 1994 Director
KAMMA 24 August, 1994 Director
RAMASAMYNAIDU
VIJAYAN
KUPPUSAMYNAIDU 24 August, 1994 Director
GOVINDARAJU
KAMMA RAMASWAMY 24 August, 1994 Director
NAIDU MUNIKANNAN
RAMASAMY NAIDU SEKARAN 24 August, 1994 Director
RAMASAMY NAIDU PERUMAL 24 August, 1994 Director

CURRENT KMP OTHER THAN

DIRECTORS as on 26 March, 2023

No key management personnel found.

OTHER DIRECTORSHIPS as on 26 March, 2023

Director's name Company name Designation Date of appointment

KETHINI RAMASWAMY CORIUM TRENDS Director 16 June, 2017
BABU PRIVATE LIMITED
KAMMA EURO SOLES HEELS Director 29 May, 2018
RAMASAMYNAIDU LLP
VIJAYAN
CONSORTIUM OF Director 27 June, 2017
SHOES PRODUCTS
MANUFACTURERS
PRIVATE LIMITED
COUNCIL FOR LEATHER Director 17 January, 2019
EXPORTS
KETHINI TRENDS Director 01 August, 2014
PRIVATE LIMITED
VENKAT SHOES Director 07 November, 2001
PRIVATE LIMITED

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GOOD SHOE Director 21 March, 2007

COMPONENTS PRIVATE
LIMITED
CORIUM TRENDS Director 16 June, 2017
PRIVATE
LIMITED
LEATHER SECTOR Director 04 September, 2020
SKILL COUNCIL
KAMMA CORIUM TRENDS Director 16 June, 2017
RAMASWAMY NAIDU PRIVATE
MUNIKANNAN LIMITED
RAMASAMY CORIUM TRENDS Director 16 June, 2017
NAIDU SEKARAN PRIVATE
LIMITED
RAMASAMY CORIUM TRENDS Director 16 June, 2017
NAIDU PERUMAL PRIVATE
LIMITED

PREVIOUS DIRECTORS / KMP as on 26 March, 2023

Directors name Date of Date of cessation Last designation Reason for leaving
appointment
K.E.RAMASAMY NAIDU Not available 03 Nov 2006 Director Death

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FINANCIALS
26 March, 2023

FINANCIAL HIGHLIGHTS Figures in INR Lacs

Particulars 31 March 2022 31 March 2021 31 March 2020 31 March 2019 31 March 2018
Operating Revenue 16,393.92 10,151.77 9,958.09 11,743.38 11,767.85
EBITDA 850.80 782.66 778.20 1,052.56 1,097.03
Profit/Loss After Tax 134.68 164.76 144.37 275.13 266.32
Net Profit/Loss Margin 0.76% 1.52% 1.31% 2.09% 2.06%
Networth 5,125.47 4,999.50 4,834.74 4,692.27 4,388.42
ROE 2.63% 3.30% 2.99% 5.86% 6.07%
Days Receivable 105.00 117.00 86.00 90.00 98.00
Days Payable 236.00 194.00 216.00 126.00 201.00
Current Ratio 1.18 1.35 1.41 1.31 1.14
Debt to Equity Ratio 1.20 0.62 0.41 0.51 0.49

STANDALONE BALANCE SHEET Figures in INR Lacs

Particulars 31 March, 2022 31 March, 2021 31 March, 2020

EQUITY AND LIABILITIES
Shareholders Funds
Share Capital 1,189.09 1,09 1,09
Reserves and Surplus 3,936.38 3,909.5 3,744.74
Money Received Against - - -
Share Warrants
Share Application Money - - -
Pending Allotment
Non-Current Liabilities
Long Term Borrowings - - -
Deferred Tax Liabilities - - -
Other Long Term - - -
Liabilities
Long Term Provisions - - -
Current Liabilities
Short Term Borrowings 6,135.62 3,111.86 1,980.62
Trade Payables 5,654.59 2,968.02 2,968.53

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Other Current Liabilities - - -

Short Term Provisions 105.58 101.3 26.06
Total Equity and 17,021.25 11,180.68 9,809.95
Liabilities
ASSETS
Non-Current Assets
Fixed Assets
Tangible Assets 1,901.01 1,650.17 1,719.03
Intangible Assets - - -
Capital - - -
Work-in-Progress
Intangible Assets - - -
Under Development
Non-Current Investments 956.32 944.32 896.32
Deferred Tax Assets 172.52 147.31 130.82
Long Term Loans and - 73.4 72.9
Advances
Other Non-Current - - -
Assets
Current Assets
Current Investments - - -
Inventories 7,380.5 4,091.71 4,111.98
Trade Receivables 4,730.98 3,265.06 2,366.89
Cash and Cash 285.73 552.04 260.81
Equivalents
Short Term Loans and 814.51 7.41 2.32
Advances
Other Current Assets 779.68 449.25 248.86
Total Assets 17,021.25 11,180.68 9,809.95

STANDALONE PROFIT AND LOSS Figures in INR Lacs

Particulars 31 March, 2022 31 March, 2021 31 March, 2020

CONTINUING OPERATIONS
Revenue from operations 16,393.92 10,151.77 9,958.09
Other Income 1,312.19 658.67 1,104.14
Total Revenue 17,706.11 10,810.44 11,062.24
Cost of Materials 8,739.19 5,572.04 5,001.43
Consumed
Purchases of Stock in - - -
Trade
Changes in Inventory - - -

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Employee Benefit 4,504.1 2,560.3 3,264.77

Expenses
Finance Costs 225.51 187.45 161.46
Depreciation and 438.2 366.75 407.29
Amortization
Other Expenses* 3,612.01 1,895.44 2,017.82
Total Expenses 17,519.02 10,581.98 10,852.78
Total Revneue Less 187.09 228.46 209.45
Total Expenses
Prior Period and - - -
Exceptional Items
Profit Before 187.09 228.46 209.45
Extraordinary Items
Extraordinary Items - - -
Profit Before Tax 187.09 228.46 209.45
Current Tax Expense 77.63 80.18 91.96
Deferred Tax Expense -25.22 -16.48 -26.87
Profit From Continuing 134.68 164.76 144.37
Operations
Profit From Discontinuing - - -
Operations (After Tax)
Net Profit/Loss 134.68 164.76 144.37

STANDALONE IMPORTANT RATIOS

Particulars 31 March, 2022 31 March, 2021 31 March, 2020

Leverage Ratios
Total Debt/Equity Ratio 1.20 0.62 0.41
Total Assets/Equity Ratio 3.32 2.24 2.03
Total Debt/Total Assets 0.36 0.28 0.20
Ratio
Interest Coverage Ratio 1.83 2.22 2.30
Liquidity ratios
Quick Ratio 0.42 0.62 0.53
Current Ratio 1.18 1.35 1.41
Performance ratios
Gross Margin 46.69% 45.11% 49.78%
Net Margin 0.76% 1.52% 1.31%
Return on Fixed Assets 7.08% 9.98% 8.40%
Return on Equity 2.63% 3.30% 2.99%
Return on Capital 3.37% 4.30% 3.87%
Employed

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Total Asset Turnover 1.04 0.97 1.13

Fixed Asset Turnover 8.62 6.15 5.79
Days Receivables 105 117 86
Outstanding
Days of Inventory 308 268 300

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CHARGES ON ASSETS
26 March, 2023

CHARGES ON ASSETS - ALL

Charge ID Date Amount Holder

90282205 12 May, 2022 70.83 cr State Bank of India
100488765 21 September, 2021 6.65 cr State Bank of India

CHARGES ON ASSETS - BANK WISE

Holders No. of Loans Total Amount

State Bank of India 2 77.48 cr

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COPYRIGHT
Copyright (C) 2016-2022. Prepared, owned, and distributed by TWS Systems Private Limited. All Rights Reserved. The content of this repo

NOTE ON TOFLER SCORE

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors -
Sustainability, Governance, and Growth. To know more about these factors.

Sustainability is a measure of overall financial health of the company. It indicates its profitability, efficiency of operations
and effective use of funds and assets deployed in the business. It also reflects the company's ability to cover its liabilities and
pay off its suppliers and creditors on time.

Governance is a measure of the quality of corporate governance of the company. It covers aspects like compliance with
TDS, GST and other laws, potential for conflict of business interests, defaulter lists checks, financials trust checks, and other
checks to measure if the company is operating in best faith.

Growth measures the growth capability of the company. It measures how fast the company has been growing and whether it
can keep growing sustainably.

Disclaimer:
1. Tofler Score is not a credit rating, nor does it have approval or sanction of any statutory or regulatory body for the purpose.
2. Tofler Score is a bona fide unbiased opinion of Tofler team on the performance and state of affairs of the Company.
We are not liable to any person for any loss occurring due to decisions taken on the basis of Tofler Score.
3. The Tofler team does not have any commercial interest in the subject matter of evaluation of any specific company
as such.
4. No user of Tofler Score is allowed to sell or distribute it outside their own organization.

DISCLAIMER

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The present report is purely a summary of the contents and status of documents examined on an inspection of the Company's documents a

Please note that the content of these documents have not been audited at our end and no representation or warranty is made regarding accu

This report is provided for general information only and is without warranty of any kind- express or implied, including but not limited to w

TWS Systems Private Limited, its directors, officers or employees or any of their data providers shall not be liable for any damages (direc

Disputes, if any, are subject to courts at Delhi, India.

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