BIHAR-Vote Banks Break Down


bicycle tyre' increased from 76, 319 numbers to 2,32,672 numbers. Output of tread rubber was lower at 47,20,858 kg (50,26,699 kgs) Net sales were down, from Rs 49.35 crores to Rs 34,26 crores; and gross profit was a mere Rs 43 lakhs against Rs 3.14 crores previously. With depreciation requiring Rs 1.31 crores, the outcome turned into a net loss of Rs 88 lakhs. After writing back Rs 4 lakhs from development rebate reserve and after adjusting the carried forward profit of Rs 72 lakhs, there was a loss of Rs 13 lakhs which has been transferred to general reserve. After this adjustment, the company's reserves and surplus still stood at Rs 4.39 crores. The company was able to step up exports by 70 per cent to Rs 2.20 crores. Efforts are being made to exceed this mark in the current year by entering into new markets. The directors are looking forward to better prospects for the current year, although they have taken note of severe competition, price cutting, and continuing slackness in the home market. Their optimism is based on the good reception the company's products enjoy in the market. During the first four months, both total sales and the market share have been substantially enhanced. Meanwhile, expansion of the Goa fac- tory, from 4 lakh numbers to 8 lakh numbers, each, of automotive tyres and tubes is being considered. The company is also engaged in the process of diversification into bias belted tyres, radial tyres, and special agricultural tyres, which command a good export market' ATUL PRODUCTS, on March 17, 1952, completed 25 years. Wheu Pandit Jawaharlal Nehru inaugurated the company's first manufacturing plants, Atul's product-range consisted of simple basic dyes and chemicals. Today, Atul has grown into a giant chemical complex manufacturing a wide range of dyes, dye intermediates, basic chemicals, and pharmaceutical intermediates. It has introduced, over the years, several sophisticated products with the technical expertise of three world renowned collaborators