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Atlas Cycles (Haryana) Limited
Sector:Cycle & Accessories Cycle & Accessories - Cycle & Accessories
BSE:505029NSE:ATLASCYCLEBloomberg:ATCY@INReuters:ATCY.BO
Market Lot: 1Face Value: 5ISIN Demat: INE446A01025
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14-Aug-2014
Business Profile
Atlas Cycles Haryana (ATLAS) is a manufacturer of bicycles and bicycle components and parts. Founded by the Late Rai Bahadur Shri Jankidas Kapur in 1950, the president of the company is Vikram Kapur.

The company manufactures bicycles under four categories; namely ATBs/MTBs, city bikes, roadsters and children`s bikes. The company produces various models of bicycles under these categories, which include Montana, Sumo, Catz, Samurai, Pacific, Monalisa, Pigeon, Spice G, Superstrong, Dove, Swift, Buddy, Skipper, ..etc. Apart from bicycles, the company also manufactures steel tubes and bicycle components and accessories. The manufacturing unit in Sonepath, Haryana is equipped with a press shop, machine shop, brazing shop, welding shop, heat treatment plant, paint shop, electroplating plant and assembly shop. The unit is spread over 28 acres of land with a manufacturing capacity of 3.34 million bicycles.

The company is ISO 9001:2000 certificated. It has the privilege of being the only Indian complete bicycle manufacturing unit whose in house R&D unit has been recognized by the Department of Scientific & Industrial Research, Ministry of Science & Technology, Government of India. It exports bicycles to countries like North-East and Central Africa, USA, Latin America, South and Central America including Mauritius, West Indies and Madagascar Island, Egypt, Zambia, Kenya, Uganda, Tanzania, Sudan, Libya, Malawi, Ethiopia, and also USA and Latin America.

The registered office is at Post Box No. 20, Atlas Road, Atlas Nagar, Industrial Area, Sonepat-131001, Haryana.


Financials
The company reported rise of 98.23% in standalone net profit on y-o-y basis to Rs 0.80 million, while total income increased 12.01% y-o-y basis to Rs 1.47 billion for the quarter ended June 2014.

Recent Developments
28-JUN-11
Credit rating agency, ICRA has reaffirmed LBBB rating for the Rs 506.7 million bank facilities of Atlas Cycles Haryana (ACL) ??? with stable outlook. ICRA has also reaffirmed A3+ rating for the Rs. 26.88 crore non fund based bank facilities of ACL.



In Brief

 
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