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History of Atul Auto Ltd.

The Comp. was originally incorporated as a Private Limited Comp. on 18th June, 1986 under the Companies Act, 1956, in the State of Maharashtra. The Registered Office of the Comp. was transferred to Jamnagar in the State of Gujarat on 24-01-92. Subsequently on 20-4-94 the Registered Office was transferred to Dist.Rajkot, Gujarat. The Name of Comp. was changed from Atul Auto [Jamnagars] Pvt. limited to Atul Auto Pvt. limited on 12-08-94. The Comp. was subsequently converted into Public Limited Company & fresh certificate of incorporation was obtained on 12-08-94 from the Registrar of Companies, Gujarat.

The Comp. has set up its present plant at village Shapar, Dist. Rajkot with a financial assistance from GSFC in the year 1992. The project was successfully implemented and commercial production was started in July, 1992.

The Comp. is presently engaged in the manufacture of Diesel Three Wheelers like 6-seater Auto Rickshaws, Pick-Up Vans & Chassis of Passenger Vehicles. These vehicles are marketed under the brand name of 'KHUSHBU', which is well established & very popular.

6-seater Diesel Auto Rickshaw with steering wheel is used for local passenger traffic while Pick-Up Vans for local transportation of goods/ groceries etc. in the urban/semi urban centers. Passenger vehicles popularly known as 'CHHAKDAS' are useful for movement of passengers from one urban/rural center to another for distances upto 100 kms. or so. The Comp. manufactures chassis of 'CHHAKDA', while the Body Building & fitting of other Accessories are mainly done at the Associate Units.

The Comp. has recently introduced Diesel Mobike in the market under the brand name of 'FUZI' vide the envisaged expansion cum diversification programme. The prototypes of the proposed Diesel Two Wheelers developed by Company has 4 stroke, Diesel Air Cooled 350 c.c., C.I. Engine, having maximum Horse Power of 6.4 H.P. The Gross Vehicle Weight [GVWs] is 330 kgs. The Comp. has already obtained Certificate for compliance to the Central Motor Vehicles [Amendments] Rules [CMVRs] & Roadworthiness Certificate from the Automotive Research Association of India [ARAIs], Pune - a Research Institution of Automotive Industry with the Ministry of Industries, Government of India.

The Comp. had also obtained CMVR & Roadworthiness Certificates as above for existing range of products viz. Chassis for goods carriage/ 6-passenger Auto Rickshaw with steering wheel & Pick Up Vans. As per the notifications No. P and D Registration/ 813 dated 15.2.93 of Road Transport Commission Office, Ahmedabad, Government of India, Regional R.T.Os. are authorised to grant clearance certificates on the basis of ARAI certificates of Roadworthiness & CMVR. Thus, the Comp. may be in a position to sell its vehicles on All India Bases after obtaining the clearances from R.T.Os. The Comp. has already obtained Road Transport Offices [RTOs] Clearance from the States of Gujarat, Mahrashtra, Kerala & Andhra Pradesh.

SUBSIDIARIES OF THE COMPANY

There are no subsidiaries of Comp. in terms of the Companies Act, 1956.