The main business activity of the FORTUNE TYRE AND TRADE (hereinafter referred to as "the firm") is that of Tyre Retread. Retread, which basically means "recap," or "remould" is a re-manufacturing process for tyres that replaces the tread on worn out tyres. Retreading is applied to casings of spent tyres that have been inspected and repaired. It preserves about 90% of the material in spent tyres and the material cost is about 20% compared to manufacturing a new one. Also it is eco-friendly as there is no combustion of fuel throughout the process. Tyre retreading is a manufacturing/servicing business in which used/old tyres are retreaded by applying a pre-cured belt over the crown portion. Thus, providing a new life to the old/used tyres and contributing in saving the environment and natural resources.