SREELEATHERS LTD.

Our Company was originally incorporated on 14th January, 1991 under the Companies Act as a private limited company under the name ‘CAT Commercial Services Private Limited’. The Company again changed its name to ‘CAT Financial Services Limited’ on 28th November, 1996. The Company entered into a scheme of amalgamation with Sreeleathers Private Limited, Deys Holdings Private Limited and Deys Finance Private Limited (Transferor Companies) which was sanctioned by the Honrable High Court at Calcutta, effective from 15.02.2008 .Upon sanction of the scheme, the Company allotted to the shareholders of the said Transferor Companies equity shares in the company. Pursuant to the said scheme of amalgamation, the name of the amalgamated company was changed to Sreeleathers Limited on 4th, October 2010. Our core competencies are our in-house technical knowledge, skilled workforce, diversified product portfolio which enable us to meet varied client requirements. Company deals in all kinds of footwear’s leather accessories The Company has more than 30 retail outlets of spread over 9 states. Company has wide range of leather and other accessories both for men and women. The retail stores provide wide range product of both Indian and overseas product. The retail stores, within West Bengal and Out side it provides good custom service after sale of the product. The financials of the company is good, RoCE is 4.1% and at CMP its looks fully priced. As this is Open Offer buyback, so there is no arbitrage benefit to investors.  So we give AVOID rating to this buyback.