ATUL AUTO Share price

The Company was originally incorporated as a PrivateLimited Company on 18th June 1986 under the Companies Act1956 in the State of Maharashtra. The Registered Office ofthe Company was transferred to Jamnagar in the State ofGujarat on 24-01-92. Subsequently on 20-4-94 theRegistered Office was transferred to Dist.RajkotGujarat. The Name of the Company was changed from Atul Auto(Jamnagar) Pvt. Ltd. to Atul Auto Pvt. Ltd. on 12-08-94.The Company was subsequently converted into Public LimitedCompany and fresh certificate of incorporation was obtainedon 12-08-94 from the Registrar of the Companies Gujarat.The Company has set up its present plant at village ShaparDist. Rajkot with a financial assistance from GSFC in theyear 1992. The project was successfully implemented andcommercial production was started in July 1992.The Company is presently engaged in the manufacture ofDiesel Three Wheelers like 6-seater Auto Rickshaws Pick-UpVans and Chassis of Passenger Vehicles. These vehicles aremarketed under the brand name of "KHUSHBU" which is wellestablished and very popular.6-seater Diesel Auto Rickshaw with steering wheel is usedfor local passenger traffic while Pick-Up Vans for localtransportation of goods/ groceries etc. in the urban/semiurban centers. Passenger vehicles popularly known as"CHHAKDAS" are useful for the movement of passengers fromone urban/rural center to another for distances upto 100kms. or so. The Company manufactures chassis of "CHHAKDA"while the Body Building and fitting of other Accessoriesare mainly done at the Associate Units.The Company has recently introduced Diesel Mobike in themarket under the brand name of "FUZI" vide the envisagedexpansion cum diversification programme. The prototypes ofthe proposed Diesel Two Wheelers developed by the Companyhas 4 stroke Diesel Air Cooled 350 c.c. C.I. Enginehaving maximum Horse Power of 6.4 H.P. The Gross VehicleWeight (GVW) is 330 kgs. The Company has already obtainedCertificate for compliance to the Central Motor Vehicles(Amendment) Rules (CMVR) and Roadworthiness Certificatefrom the Automotive Research Association of India (ARAI)Pune - a Research Institution of the Automotive Industrywith the Ministry of Industries Government of India.The Company had also obtained CMVR and RoadworthinessCertificates as above for the existing range of productsviz. Chassis for goods carriage/ 6-passenger Auto Rickshawwith steering wheel and Pick Up Vans. As per thenotifications No. P & D Registration/ 813 dated 15.2.93 ofRoad Transport Commission''s Office Ahmedabad Governmentof India Regional R.T.Os. are authorised to grantclearance certificates on the basis of ARAI''s certificatesof Roadworthiness and CMVR. Thus the Company may be in aposition to sell its vehicles on All India Bases afterobtaining the clearances from R.T.Os. The Company hasalready obtained Road Transport Offices (RTO) Clearancefrom the States of Gujarat Mahrashtra Kerala and AndhraPradesh.SUBSIDIARIES OF THE COMPANYThere are no subsidiaries of the Company in terms of theCompanies Act 1956.