INNOVATIVE ARTS
Registered Office :
AddressPlot No. 53, Sector 59, HSIDC, Faridabad 121 004, Haryana, India
Tel. No.91-129-2307050 / 2307040
Mobile No.91-9810729040
NameMr. Rajiv Rathi
Fax No.91-129-4154050 / 2307040
Area500 sq yards
LocationOwned
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SUMMARY
Incorporated 1994
No. of Employees 50 (In office 10, In factory 40)
Line of Business Manufacturer of Auto Parts.
Status Company is a well established proprietorship concern with satisfactory track records. Trade relations are reported as fair. Business is active.
Payments Usually Correct
Litigation Clear
Auditors
Name :Arvind Gupta and Associates, Chartered Accountants
Address :202/203, Om Shubham Plaza, Sco 90-91, Sector 16, Faridabad 121004, Haryana, India
Mobile No.:91-9811086282

FACTORY WAREHOUSE
AddressPlot No. 53, Sector 59, HSIDC, Faridabad 121 004, Haryana, India
Tel. No.91-129-2307050 / 2307040
Mobile No.91-9810729040
NameMr. Rajiv Rathi
Fax No.91-129-4154050 / 2307040
Area500 sq yards
LocationOwned



LEGAL FORM
Sole Proprietory Concern

DIRECTORS

SOLE PROPRIETOR
Name :Mrs. Sangeeta Rathi
Designation :Proprietor
Address :H. No. 1172, Sector 7D, Faridabad 121004, Haryana, India
Date of Birth/Age :38 years
Qualification :Graduate
Experience :11 years





PRODUCTS DETAILS

Products:
Plastic Auto Components
Instrument Pointers


EXPORT DETAILS

Exports to :
Products :Auto Parts
Countries :South Africa, Canada, USA, Poland, Canada and UK


IMPORT DETAILS

Imports From :
Products :Printing Coils
Countries :Japan


PRODUCTION DETAILS

PRODUCTION STATUS
ParticularsUnitInstalled Capacity
Instrument PointersNos.1,50,00,000



TRADING TERMS

Terms :
Selling :Cash & Credit Terms
Purchasing :Credit Terms


TYPE OF CUSTOMERS

Customers :
End Users and OEMs
Indication Instruments (Manufacturing Dash-board Instruments under the brand name of Veethree)
Autometer Alliance (Manufacturing of Tachographs for Indian Railways)




BANKERS

Bankers :
Vijaya BankBallabgarh, Haryana
Citi BankBranch Faridabad

AUDITORS
Name :Arvind Gupta and Associates, Chartered Accountants
Address :202/203, Om Shubham Plaza, Sco 90-91, Sector 16, Faridabad 121004, Haryana, India
Mobile No.:91-9811086282

FINANCIAL INFORMATION

[all figures are in Rupees Millions]

PROFIT & LOSS ACCOUNT
Particulars2009/03/312008/03/312007/03/312006/03/312005/03/31
Sales Turnover36.00036.00021.30017.2378.392
Other Income0.0000.000
Total Income17.2378.392
Profit/(Loss) Before Tax0.7650.386
Provision for Taxation0.0000.000
Profit/(Loss) After Tax0.7650.386
Expenditures :
Raw Material Consumed12.348
Consumption of stores and spares parts0.370
Salaries, Wages, Bonus, etc.0.775
Payment to Auditors0.010
Interest0.038
Depreciation & Amortization0.522
Other Expenditure1.254
Total Expenditure15.3171.851

Expected Sales (2009-10): Rs.40.000 millions

Expected Sales (2008-09) : Rs.30.000 millions




CAPITAL STRUCTURE

Capital Structure
Capital Investment :
Owned :Rs.6.000 millions
Borrowed :Rs.2.500 millions
Total :Rs.8.500 millions




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