OTC Bulletin Board
S & P Company Insight for CEMTREX NEW |
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Profile
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| Business Summary: Cemtrex, Inc. designs, engineers, assembles, and sells emission monitoring equipment and instruments, and air filtration products to the chemicals, pulp and paper, steel, power, coal, and petrochemical industries, as well as to municipalities, hospitals, and state and federal governments. | | | Address 19 Engineers Lane
Farmingdale
, NY 11735
Phone: 631-756-9116
Fax: 631-420-4985
Website: http://www.cemtrex.com
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Gruber & Company
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First American Stock Transfer
| Employees: 24 ShareHolders: 109 | Founded: 1998 Domicile: Delaware | | | |
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Background
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| Cemtrex, Inc. designs, engineers, assembles, and sells emission monitoring equipment and instruments, and air filtration products to the chemicals, pulp and paper, steel, power, coal, and petrochemical industries, as well as to municipalities, hospitals, and state and federal governments. Its emission monitoring systems are installed at the exhaust stacks of industrial facilities and are used to measure the outlet flue gas concentrations of regulated pollutants, such as sulfur dioxide, hydrogen chloride, hydrogen sulfide, nitrous oxides, ammonia, nitrogen oxide, carbon dioxide, carbon monoxide, and other regulated pollutants. The company offers opacity monitors for stack opacity and dust measurements; direct-extractive and dilution-extractive continuous emission monitor equipment and systems that are applicable for utilities, industrial boilers, FGD systems, SCR-NOx control, furnaces, gas turbines, process heaters, incinerators, and process controls; ammonia analyzers for monitoring ammonia, nitrogen oxides, and sulfur dioxide by process analyzers that utilize UV absorbance techniques for detection; and mercury analyzers. It also offers green direct controlled ventilation systems; and markets technologies and services for carbon credit projects through abatement of greenhouse gases, such as methane, nitrous oxide, and carbon dioxide. In addition, the company provides replacement and spare parts, and repair and refurbishment services for emission monitoring systems. Cemtrex markets its products and services through manufacturing representatives, distributors, direct salespersons, magazine advertisements, Internet advertising, trade shows, trade directories, and catalogue listings. The company is based in Farmingdale, New York. | | History: INCORPORATED in Delaware Apr. 27, 1998, as Diversified American Holdings, Inc.; name changed to Strateginet, Inc. Nov. 13, 1998, and to Cemtrex Inc. Dec. 16, 2004.
December 30, 2004, acquired certain assets from Ducon Technologies, Inc. for 1,950,000 Common shares.
April 30, 2007, acquired all of the issued and outstanding membership interests of Griffin Filters LLC for a purchase price of $2,750,000, which consisted of cash of $700,000, the issuance of 20,000,000 Common shares valued at $750,000, and a convertible debenture in the amount of $1,300,000. | | | | Subsidiaries: |
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Griffin Filters LLC
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Management
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Management
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| Officers | Position |
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| Arun Govil | Chairman, President, Treasurer & Chief Executive Officer | | Renato Dela Rama | Chief Financial Officer | | Metodi Filipov | Secretary |
| | Directors |
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| Metodi Filipov | | Arun Govil | | Ravi G. Narayan | | Renato Dela Rama | | | |
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Annual Report
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| Annual Report |
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| | | Income Statement | |
| 2008 | 2007 |
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| Revenues | 6,670 | 5,848 | | Cost & exps. | 6,392 | 5,951 | | Oper. income as calculated | 278 | (103) | | Other income | -- | 36 | | Total income | 278 | (67) | | Depr. & amort. | 33 | 13 | | Interest exp. | 127 | 44 | | Net income | 118 | (124) | | Share earns. basic | Nil | Nil | | Share earns. diluted | Nil | Nil | | Avge. com. shs. (Thou.) | 30,308 | 30,308 |
| | | | Balance Sheet | |
| 2008 | 2007 |
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| Assets: |
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| | Cash & equiv. | 61 | 144 | | Accts. rec., net | 1,528 | 780 | | Inventories | 457 | 253 | | Other curr. assets | 8 | 4 | | Tot. curr. assets | 2,054 | 1,181 | | Net property | 180 | 62 | | Other assets | 4 | 22 | | Total assets | 2,238 | 1,265 | | Liabilities: |
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| | Notes Payable-Shareholder | 467 | 9 | | Accts. pay. | 940 | 915 | | Accrued Expenses | 907 | 449 | | Customer Deposits | -- | 85 | | Tot. curr. liabs. | 2,314 | 1,458 | | Convertible Debenture | 1,300 | 1,300 | | Com. stk. p.$0.001 | 34 | 34 | | Paid-in cap. | (1,260) | (1,259) | | Retained earns. | (150) | (268) | | Total liabs. | 2,238 | 1,265 | | Common Shares (Thou.) | 34,328 | 34,328 |
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Interim Report
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| Interim Report
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| | | Data Not Available | | | | | | | | | |
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Pro Forma Report
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| Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
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Quarterly Report
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| Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | 890,000 | | 2010 |
2 | 1,020,000 | | 2009 |
1 | 2,220,000 | | 2009 |
2 | 1,750,000 | | 2009 |
3 | 1,700,000 | | 2009 |
4 | 1,290,000 | | 2009 |
Full Year
| 6,970,000 | | 2008 |
1 | 1,240,000 | | 2008 |
2 | 2,000,000 | | 2008 |
3 | 1,270,000 | | 2008 |
4 | 2,160,000 | | 2008 |
Full Year
| 6,670,000 | | 2007 |
1 | 240,000 | | 2007 |
2 | 410,000 | | 2007 |
3 | 1,440,000 | | 2007 |
4 | 1,440,000 | | 2007 |
Full Year
| 3,530,000 | | 2006 |
Full Year
| 720,000 | | 2005 |
2 | 250,000 |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | (30,000) | | 2010 |
2 | (160,000) | | 2009 |
1 | 70,000 | | 2009 |
2 | 120,000 | | 2009 |
3 | (110,000) | | 2009 |
4 | (20,000) | | 2009 |
Full Year
| 160,000 | | 2008 |
Full Year
| 70,000 | | 2007 |
Full Year
| (120,000) |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | Nil | | 2010 |
2 | Nil | | 2009 |
1 | Nil | | 2009 |
2 | Nil | | 2009 |
3 | Nil | | 2009 |
4 | Nil | | 2009 |
Full Year
| Nil | | 2008 |
1 | Nil | | 2008 |
2 | Nil | | 2008 |
3 | Nil | | 2008 |
4 | (.01) | | 2008 |
Full Year
| Nil | | 2007 |
1 | Nil | | 2007 |
2 | .03 | | 2007 |
3 | Nil | | 2007 |
4 | Nil | | 2007 |
Full Year
| Nil | | 2006 |
Full Year
| Nil | | 2005 |
2 | .01 |
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Stock Data
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| | | Capitalization as of 09/30/2009: | | | | | Authorized Shares | Outstanding Shares |
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| Common $0.001 par | 60,000,000 | 39,722,862 | | Preferred $0.001 par | 10,000,000 | None |
| | | | LONG TERM DEBT: $390,520. | | | | Common $0.001 par | | | |
Stockholders:
01/08/2010,
109.
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Transfer Agent: First American Stock Transfer
Phoenix
, AZ | | | | OTC Bulletin Board( Primary): CTEI | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2009 | 0.7500 | 0.0100 | | Over The Counter | 2008 | 0.0320 | 0.0040 | | Over The Counter | 2007 | 0.2500 | 0.0040 |
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| | | | DIVIDENDS: Common $0.001 par: No cash.
Common reverse split 1-for-25, Aug. 21, 2007. | | | | | |
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