VARIEY METAL CORPORATION
Registered Office :
Address747, Gali Kundewalan Ajmeri Gate, New Delhi 110006, India.
Tel. No.91-11-23238477/ 24511617
Fax No.91-11-23237016/ 24511617
Area300sq ft
LocationOwned
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SUMMARY
Incorporated 1983
No. of Employees 25 (Office 5 and Factory 20)
Line of Business Manufacturer and Traders of Stainless Steel Pipes.
Status Company is a well established concern having satisfactory track records. Trade relations are fair.
Payments Regular
Litigation Clear
Banking Reputation Satisfactory
Auditors
Name :D. T. Jindal Private Limited, Chartered Accountant
Tel. No.:91-11-27674291

FACTORY WAREHOUSE
AddressAscent Pipes Company Private Limited, 234 Sectors 6. IMP, Maneshwar, Gurgaon, India
LocationOwned



LEGAL FORM
Sole Proprietory Concern.

DIRECTORS

SOLE PROPRIETOR
Name :Mr. Sumer Kanugo
Designation :Proprietor
Date of Birth/Age :56 years
Qualification :Graduate





PRODUCTS DETAILS

Products:
Stainless Steel Sheets
Plates
Pipes
Tubes
Flats
Round
Pipes Fitting
Industrial Raw-Materials
Stainless Steel Sheets
Capillary Tubes
Circular Pipes
Circular Tubes
Dairy Fittings
Titanium Pipes
Seamless Pipes
Angles
Stainless Steel Pipes
Stainless Steel Tubes


EXPORT DETAILS

Exports to :
Products :Stainless Steel Pipes and Tubes.
Countries :Mid East Countries, Europe


IMPORT DETAILS

Imports From :
Products :Raw Material, Stainless Steel Sheets
Countries :Singapore, China




TRADING TERMS

Terms :
Selling :L/C, Cash and Credit
Purchasing :L/C, Cash and Credit


TYPE OF CUSTOMERS

Customers :
End Users
BILT Graphic and Paper Products Limited
Century Pulp and Paper
Shree Krishna Paper Mills Limited
Setia Paper Mills
JK Paper Mill Limited
Triveni Engg and Industries Limited
NTPC
Surya Roshini Limited
Rajasthan Atomic Power Corporation Limited., Kota
Pasupati Acrylon Limited
JCT, Phagwara
Bajaj Hindustan Limited
Star Paper Mills Limited
SSP Pvt. Limited
Nestle India Limited
Ranbaxy
Cargill India Private Limited.
Bharat Starch Industries
IOCL, Ludhiana
Abhishek Industries Limited




BANKERS

Bankers :
ICICI Bank LimitedConnaught Place, New Delhi 110001, India
Punjab National BankAsaf Ali Road, New Delhi, India
HDFC BankG. V. Road, New Delhi, India

AUDITORS
Name :D. T. Jindal Private Limited, Chartered Accountant
Tel. No.:91-11-27674291

FINANCIAL INFORMATION

[all figures are in Rupees Millions]

PROFIT & LOSS ACCOUNT
Particulars2009/03/312008/03/31
Sales Turnover60.00051.708
Other Income0.295
Total Income52.003
Profit/(Loss) Before Tax0.456
Provision for Taxation0.000
Profit/(Loss) After Tax0.456
Expenditures :
Direct Expenses0.336
Administrative Expenses0.038
Raw Material Consumed45.199
Salaries, Wages, Bonus, etc.0.339
Payment to Auditors0.011
Interest0.425
Depreciation & Amortization0.048
Other Expenditure5.151
Total Expenditure51.547

Expected Sales (2009-10): Rs.65.000 Millions




CAPITAL STRUCTURE

Capital Structure (As on 31.03.2009)
Capital Investment :
Owned :Rs.2.500 Millions
Borrowed :Rs.0.500 Million
Total :Rs.3.000 Millions




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