NS-EN ISO 9001:2008/ISO 9001:2008
 
     
  HISTORY AND CERTAIN CORPORATE
 

Our Company was incorporated as M.S. Finvest Limited under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated August 24, 1994 issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh with registration number 14976. The name of our Company was changed to Amit Udyog Limited vide a fresh Certificate of Incorporation dated April 19, 1999. Further the name of our Company was changed to its present name “Mukesh Udyog Limited” vide a fresh certificate of incorporation dated December 14, 2001. The Corporate Identification Number of our Company is L65921PB1994PLC14976.

Our Company is promoted by Mr. Krishan Chand Gupta, Mr. Pardeep Gupta and Mr. Sandeep Gupta. The Company came out with an Initial Public Issue of 24,37,500 Equity Shares of Rs.10 each at par in May 1995 and raised Rs. 243.75 lacs. The object of the issue was to carry on financial consultancy and other investment activities. The shares of our Company were listed on the Delhi and Ludhiana Stock Exchange pursuant to the public issue. The Company was Issued Certificate of Registration on March, 5, 1998 by Reserve Bank of India to carry on the business of Non-Banking Financial Company (loan and investment activities). The financial consultancy and investment activities provided very low return due to volatile market conditions, hence later on in March 1999 the Company changed its object to carry on manufacturing activities as main object and accordingly it changed the name to Amit Udyog Limited. During January 2008 we applied for cancellation of its NBFC Registration to RBI and got the approval for the same from RBI vide their letter dated May 26, 2008.

The name of Amit Udyog ltd was further changed to its existing name Mukesh Udyog Limited in December 2001 to reflect the fact that it belongs to Mukesh groups of companies of Ludhiana. We have 302 shareholders as on date.

The main business of the company is to manufacture and export all kinds of yarns including Acrylic. Polyester, Nylon, Viscose and their blends. The Company has an installed capacity of 30,000 spindles as on the date of filing of this Draft Red Herring Prospectus.

 
             
 
Name of company
     Mukesh Udyog Limited    
           
  Date of incorporation       August 24,1994    
           
  Register office       Village Buddhewal, Near Kohara. Teh. and District Ludhiana    
           
  Tel. No.       0161-2843731 (Tel)    
           
  Tele Fax No.       0161-2843739 (Fax)    
           
  Website       www.mukeshudyog.com  
             
  Email id       fpo@mukeshudyog.com  
             
  Changes in Registered Office of our Company:  
             
Original place   Original place   Shifted to  
           
January 06, 2003   Gill Road, Miller Ganj, Ludhiana-141003   Village Buddhewal, Near Kohara, Teh. and Distt., Ludhiana - 141 010  
           
The change in the registered office of the company was due to requirement of larger premises, smooth operational convenience and better amenities as the factory and office locations shall be at the same location.  
           
  Major events and Milestones:  
             
  Year       Events  
             
  1994       Company  incorporated  in  the  name  of  M.S. Finvest  Limited  vide  Certificate  of Incorporation No. 14976 dated August 24, 1994 with Registrar of Companies,  Punjab, H.P and Chandigarh.  
             
  1995       Initial Public issue of 2437500 shares of Rs. 10 each at par.
The shares of the company got listed on Ludhiana and Delhi stock exchange
 
             
  1998       RBI granted NBFC registration certificate to carry on loan and investment activities  
             
  1999       Diversified in to the manufacturing activities by conceiving a project to set up spinning unit  
             
  2002       The company set up spinning unit with initial capacity of 6912 spindles  
             
  2007       Mega project status approved by Punjab Government  
             
  2008       Surrendered NBFC registration to RBI.  
             
  2010       Issue of Bonus shares in the ratio of 1:1  
             
  Main Objects of our Company:  
             
  The main objects of the company as contained in our Memorandum of Association are as under:  
             
  To manufacture, process, roll, draw, refine, melt, forge, buy, sell, exchange, alter, improve, import, export, trade, distribute or otherwise deal in all kinds of steel, steel products and other metals including billets, rods, rounds, wires, circles, angles, ingots, cold rolled strips, hot rolled strips, flats, pipes, cold formed sections, precision tubes, tin plates and cycle parts.  
             
  To manufacture, process, roll, draw, refine, melt, buy, sell, exchange, alter, improve, import, export, trade, distribute or otherwise deal in Ferro Manganese, Ferro Tungsten and other ferrous and non-ferrous substances and high density ceramic and powder of ferrous and non-ferrous metals and gases including hydrogen gas, nitrogen gas, oxygen gas, carbon-dioxide gas, capable of being used in the aforesaid business of the Company  
             
 

To carry on in India or abroad, the business of manufacturing, processing, spinning, knitting, refining, carding, combing, gilling, regilling, mixing, doubling, twisting, cheese winding, rewinding, raising, weaving, dyeing, bleaching, importing, exporting, trading and otherwise dealing in wholesale or in retail in all kinds & types of yarns, fibres, fabrics and textiles.

 
             
  To carry on in India or abroad the business as manufacturers, importers, exporters, processors, traders and dealers in all kinds of cloth, knitted cloth, woollen fabrics, synthetic fabrics, cotton fabrics, synthetic tops, worsted, shoddy and all kinds of blankets, shawls, hosiery and readymade garments etc.