ARCHIDPLY IND. Share price

Our Company was incorporated on September 5 1995 as ATP Silvi ProductsLimited under the Companies Act and was registered with the RoC Karnatakaat Bangalore. Our Company received the certificate of commencement of business on July 5 2005 with manufacturing of plywood and block boards. The name of Our Company was changed to Archidply Industries Limited andthe RoC Karnataka at Bangalore issued to us a fresh certificate of incorporationon March 30 2007.Our Company has been promoted by Mr Deen Dayal Daga Mr Shyam D DagaMr Rajiv D Daga and Assam Timber Products Private Limited. Mr. Deen Dayal Daga Chairman and Managing Director of Our Company has more than twodecades of experience in managing wood panel industries. He has been conferred with several accolades which include a) the "Udyogapatra Award"from the Vice President of India in 1982 acknowledging his achievement as a selfmade industrialist b) the "Swatantra Swarna Jayanti Udyog Vibhushan Award" from the Union Minister of Commerce in 1999 for his contribution to the economicdevelopment of the country and c) the "Melvin Jones" fellowship award by Lions Clubrecognizing his efforts towards social causes. He was the President of Assam PlywoodManufacturers Association during in the year 1995-1996. Assam Timber Products Private Limited (ATPL) incorporated in 1979 under theCompanies Act and registered with the RoC Shillong at Meghalaya was alsopromoted by Mr Deen Dayal Daga. ATPL was and is engaged in the business ofmanufacturing plywood block board and decorative plywood and has beenmarketing its products under trademark and label Archidply nationally throughtheir dealers? and distributors? network since 1976.In 1995 our Individual Promoters acquired The Mysore Chipboards Limited whichhad two manufacturing divisions namely plywood and block board and particleand laminated board (the Manufacturing Divisions) located at Mysore. TMCLhad been closed for about 7 years since 1988; however since its acquisition byour promoters in 1995 the manufacturing activities were successfully revivedand TMCL commenced manufacture of plywood; which were marketed underthe trademark and label Archidply since 1995. ATPL factory at Assam was shutdown in December 1996 following the Hon?ble Supreme Court?s Order directingclosure of all wood based industries located in the States of Assam andArunachal Pradesh. However ATPL continued with its trading activity thereafter.Pursuant to a Deed of Assigment dated July 8 2000 Assam Timber ProductsPrivate Limited transferred all its proprietary rights in the mark Archidply alongwiththe goodwill of business relating to the goods in respect of which such trademarkwas used to TMCL.Until 2005 ATP Silvi did not carry any manufacturing activities. However upon receiving the recommendations of CEC for grant of licence for manufacture of plywood and particle board; to augment its manufacturing capacities the manufacturingdivision of MCPL was proposed to be transferred to ATP Silvi. Pursuant to the Schemeof Demerger as affirmed by the Hon?ble High Court of Karnataka on December 7 2006and with effect from April 1 2005 (Appointed Date) of the Manufacturing Divisions ofThe Mysore Chipboards Limited were demerged and merged with ATP Silvi Products Limited.All assets and liabilities of the Manufacturing Divisions including the mark Archidply wereassigned to Our Company.Major events in the history of Our Group:March 1973 - Commenced manufacturing of plywood tea chest and sawn timber in the firm name and style of M/s Assam Timber ProductsOctober 1976 - M/s Assam Timber Products received certificate of registration as a smallscale industrial unit form from Government of Assam Directorate of IndustriesApril 1977 - Mr Deen Dayal Daga entered into a Partnership Deed with Mr HemchandraPandey and Mr Durga Dutt Daga in the firm name and style of M/s Assam Timber Products.1979 - Commenced manufacturing of plywoodSeptember 1995 - Incorporation of Our Company on September1995 - Acquired The Mysore Chipboards Limited a unit which was manufacturing particle board and plywood at Mysore. This unit was closed for seven years before acquisition.1997 - Successfully turned around The Mysore Chipboards Limited and started manufacturing of plywood & block board plain & pre laminated particle board and decorativeveneers.2001 - Increase in installed capacity of plywood unit of The Mysore Chipboards Limited inMysore from 12000 CBM to 30000 CBM.2003 - Introduced decorative plywood range in our products by importing a variety of veneers from European African American and Asian countries.April 2005 - the Manufacturing Divisions of The Mysore Chipboards Limited were demerged and merged with ATP Silvi Products LimitedApril 2005 - The High Court of Karnataka at Bangalore approved the Scheme of Demerger of the Manufacturing Divisions of The Mysore Chipboards Limited and merge with OurCompany wef April 1 2005.June 2005 - Central Empowerment Committee recommended the grant of License formanufacture of plywood and particle board to ATP Silvi at Rudrapur Uttarakhand on June 2005December 2005 - Allotted land admeasuring approximately 48600 square metres atPlot No. 7 Sector 9 Pant Nagar Industrial Area Khasra No. 210 Pool Bagh KichhaUdham Singh Nagar Uttarakhand to ATP Silvi from SIDCUL and Forest Department of Uttarakhand issued Forest License on December 5 20052006 - ATP Silvi was further allotted 8000 square metres of land at Plot No. 6A Sector 9Pant Nagar Industrial Area Khasra No. 210 Pool Bagh Kichha Udham Singh Nagar Uttarakhand from SIDCUL and commenced production at Rudrapur Uttarakhand andstarted manufacturing plywood block board and pre laminated particle board at RudrapurUttarakhand entirely with brand new and modern machineries2007 - Introduced High pressure decorative laminates for the first time in our product range.2007 - ATP Silvi Products Limited name changed to Archidply Industries Limited onMarch 30 2007.2007 - Our Company purchased land at Chintamani Chikabalapura Karnataka to set up a newmanufacturing facility.2007 - Our Company received ISO 9001: 2000 certification for quality management systems to manufacture and marketing of wood and agro based panel products at Mysore and manufacture and marketing of wood and agro based panel products and high pressure laminates at Rudrapur