Fairfield Atlas
Company History
1990 – The Company was incorporated on February 1, as Atlas GearsPrivate Limited and was converted into a deemed Public Limited Company with effect from March 6, 1992. It was subsequently converted into a Public Limited Company by passing a special resolution at the Extra Ordinary General Meeting held on April 27, 1994 and a certificate of change of name to AGL was obtained on July 12, 1994 from Registrar of Companies, Maharashtra. The Company set up a unit to manufacture automobile transmission gears with an installed capacity of 1,50,000 gears per annum, at Village Devarwadi (Shinoli), District Kolhapur, Maharashtra.1995 – The Company has entered into arrangements with Greaves Ltd. for manufacture of gears for their diesel three wheelers. The Company’s maiden Public Issue of 26,00,000 No. of equity shares of Rs. 10/- each received an over whelming response from the Public being oversubscribed by nearly 36 times. Mr. Rattan Singh retires by rotation at this AnnualGeneral meeting. Mr. M. K. Fyzee and Mr. P. N. Kotwal were appointed directors on the same day viz. 29th September, 1993 that Mr. M. K. Fyzee will retire at this Annual General Meeting. Mr. Rattan Singh and Mr. M. K. Fyzee being eligible offer themselves for reappointment as Directors. Mr. B. D. Damani was appointed Director of the Company with effect from 15th November,1994, as a nominee of SICOM Ltd. The Company proposes to set up a R & D Department in future to improve the quality of jigs & tools required in the manufacture of gears.
1996 – The company proposes to launch an approximately Rs.25 crore expansion project to be financed through debt and equity. Initially the company proposes to make an issue of not more than 20 lakhs warrants having option to convert into equity shares to be offered to Promoters, Directors, Friends, Relatives and Associates on a preferential basis. The company has diversified its customer base and is at present supplying on a small scale gears as original equipment to Greaves Ltd., Baramati, for their diesel three wheelers and to Kerala Agro Machinery Corporation (KAMCO) Cochin, for their power tillers. Mr. M. H Desai ceased to be a Director of the Company with effect from 30th November. 1995. Mr. B. D. Damani ceased to be a Director of the company with effect from 6th December 1995 consequent upon withdrawal of his nomination by SICOM Ltd.
1997 – The company has developed for the Tractor Division 4 components of the Constant Mesh projects and 7 components of the Small Tractor project, in addition to the 4 gears for the main gear transmission. The company allotted on 1st February, 1708500 (20%)Fully Convertible Debentures of Rs.10/- each to the promoters and Mahindra & MahindraLtd., being their subscription towards the equity for part financing the expansion programme. The said debentures alongwith net accumulated interest will be converted into Equity shares on 1st April,1998.
2007 -Fairfield Atlas Ltd has appointed Mr. Rajesh Chopra as Independent Director w.e.f. May 21, 2007.
Company Background
Industry Name : Auto Ancl – Gears & Drive
House Name : MNC Associate
Year Of Incorporation 1990
Regd. Office
Address : Survey No.157, Devarwadi
District : Kolhapur District
State : Maharashtra
Pin Code : 416507
Tel. No. : 0231-236605,0231-236606
Fax No. : 0231-236416
Email : falredressal@hotmail.com
Internet : http://www.falworld.com
Auditors : Price Waterhouse
Registrars
Name : Sharex Dynamic (India) Pvt. Ltd.
Address : Unit-1, Luthra Industrial Premises, 1st Floor, Safed Pool, Andheri Kurla Road, Mumbai – 400072, Maharashtra
Tel. No. : 28515606,28515644
Fax No. : 28512885
BSE: 520145
List Of Directors
1 Clement L Strimel Jr Chairman / Chair Person
2 Autar Krishen Kaul Whole Time Director
3 Riad Fyzee Director
4 Gary J Lehman Director
5 J M Mapgaonkar Director
6 Avinash R Gandhi Director
7 Ravi Kathpalia Director
8 Rakesh Chopra Director
9 Gary J Lehman Director
10 Rakesh Chopra Director
Location Details
Factory/plant
Survey No. 116 and 119 Shinoli (Budruk) Chandgad Taluka
Kolhapur District – 416507
Maharashtra – India
Corporate Office
202/3, Maruti Mansion 17, R Dadaji Street
Mumbai – 400001
Maharashtra – India
Phone : 22666003, 22666605
Fax : 22666164
Registered Office & Factory
Survey No.157 Devarwadi Chandgad Taluka
Kolhapur District – 416507
Maharashtra – India
Phone : 236605, 236606, 236607
Fax : 236416
Email : falredressal@hotmail.com