Trade-Wings Share price

Trade-Wings Apparels Ltd. (TWAL) was incorporated as a Private Limited Company on 22nd June 1993 with the Registrar of Companies Goa and subsequently converted into a Public Limited Company with effect from 20th February 1995 with the main object to carry on the business of manufacturers and dealers in readymade garments or made to measure garments of all kinds and in particular jeans shirts & trousers.Trade-Wings Apparels Ltd. (TWAL) has been promoted by Shri. Shailendra Mittal Shri. Sunil Mittal and Shri. Sanjay Mittal.The Company is having marketing tie-up with Jeans East (International) Ltd. an associate company of Trade-Wings Apparels Ltd. as per their agreement dated 29th July 1993.Jeans East (International) Ltd. has introduced the Jordache Brand of Apparels in the Indian Market. As this is a new brand in India it has taken some time for Jeans East (International) Ltd. to penetrate the Apparels market. Due to this the orders placed by Jeans East (International) Ltd. were low which resulted in low Capacity Utilisation.TWAL has started manufacturing jeans trousers and shirts at its factory at Gala no. 110 to 114 Building No.4 in Mittal Industrial Estate Saki Naka Andheri-Kurla Road Andheri (East) Bombay. The above premises is taken on rental basis as per the agreement entered with M/s. Mittal Estate on 14.7.1993 at a monthly rental of Rs.12000/-. The carpet area of the premises is 557.62 sq.mtrs. (6000 sq. feet). The available carpet area is adequate for its present as well as for future manufacturing activities.MAIN OBJECTS OF THE COMPANYThe main objects of the Company as stated in the Memorandum of Association (MOA) of the Company inter alia provides as under:1. To carry on the business of manufacturing importing exporting marketing distribution and supply of readymade or made to measure garments of all kinds and types and in particular shirts bushshirts T. shirts trousers dressers wearing apparels jeans boys lingeries socks ties bowties undergarments for men women & children knitted materials nights dresses swimming dresses sleeping suits dressing gowns children''s wear men''s wear handkerchiefs sports shirts jackets decorative apparels and cravats made from silk cotton synthetics fabrics and trom leather hosiery products and from all other textiles.2. To carry on business of drapers hosiery dressmakers customers dress agents furnishers and outfitters.3. To manufacture process import export or otherwise to deal in threads cloth buttons fabrics packing materials polythene bags and accessories as may be used for the business of the Company.