Data is not available for this company.
Data is not available for this company
Aristocrat Luggage incorporated in 1974, is engaged in manufacturing, marketing and distribution of luggage and luggage accessories. It was promoted by Jal. S. Engineer's family and their associates. The Company introduced moulded luggage items under the brand name 'ARISTOCRAT'.The plant of the company is located at J/1, Mouje Kadoli, Midc Additional Industrial Area Satara, Maharashtra-415004 in Maharashtra.
The company manufactures a range of briefcases,
The company manufactures a range of briefcases, suitcases, overnighters and vanity cases. It also manufactures imported soft and ABS luggage. The company products are sold under the brand name of Aristocrat. The company had a network of around 2,000 dealers and 20 branches and service centers across India. Aristocrat plant at Satara has an installed capacity of 4,246 MT. It recently commenced commercial production at its new plant in Haridwar, Uttaranchal, which is likely to boost its capacity. On June 29, 2007, the board of directors transacted the business and considered and approved the draft of the scheme for the proposed amalgamation of the company and Quality Plastics with VIP Industries.
The securities of the company got delisted from the Pune Stock Exchange with effect from May 10, 2007 and got delisted from Ahmedabad Stock Exchange with effect from May 8, 2007.
1981 - The Company Expanded the capacity by starting a second unit at Satara. The third and fourth units were set up a Paithan in Aurangabad in 1984 and at Waluj in Aurangabad district in 1985 respectively.- The Company introduced low priced integrated moulded luggages under the brand names 'OSCAR' and 'CHAMPION'.- The Company commenced marketing of soft luggage under the brand name 'ARISTOCRAT ACTION BAGS' which received wide acceptance due to its lightness, colour ranges, styling and flexibility.- In addition to its dealer network of 3,000 retailers in 900 towns serviced by 29 branches it proposed to market its products through the wholly owned subsidiary 'Marvel Plant Pvt. Ltd.
1985 - All shares taken up by promoters, etc.
1986 - 23,998 shares of Rs.100 each issued at par to promoters, etc. on 1st October. Shares of Rs.100 each then subdivided into shares of Rs.10 each 3,60,000 shares of Rs.10 each then issued at par to promoters, etc., 9,60,000 bonus shares of Rs.10 each issued in prop. 8:7. Simultaneously, 18,00,000 No. of Equity shares of Rs.10 each were issued at par linked to debentures (prop. 2 debentures to 10 equity shares) out of which the following shares linked to debentures were reserved for preferential allotment. - (i) 90,000 shares to employees (including Indian working directors)/workers of the company (only 27,750 shares taken up); 36,000 shares to business associates of the company (all were taken up) and 7,20,000 shares to non-resident Indians on repatriation basis (only 3,95,400 shares taken up).- The balance 9,54,000 shares linked to debentures, along with the unsubscribed portion of 3,86,860 shares linked to debentures, were offered for public subscription during February 1987. 4,50,000 additional shares linked to debentures were allotted to the public to retain over subscription.- The Company's losses increased on account of stagnant market conditions, competition, increase in input costs and paucity of working capital.
1987 - Aristocrat Marketing Ltd., became a wholly owned subsidiary of the Company. With effect from 14th August, 1990, Aristocrat Marketing Ltd., ceased to be a subsidiary of the Company.
1992 - Production and sales decreased to 8,37,587 numbers and Rs.33.90 crores respectively due to the disturbed conditions and break down of law and order over the country.
1994 - The Company came under the Sick Industrial Companies Special Provisions Act and as per BIFR's instruction, a rehabilitation scheme was prepared by Canara Bank