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Main Object
The Company was formed with the main objects, inter alia, to undertake and engage in the manufacturing of all types of drugs, pharmaceuticals, medicines and intermediaries apart from carrying on research and development in the side line. The Company has constructed two modern manufacturing units, one located at Roorkee, state of Uttara Khand and the other at Ghatkesar, RR Dist. Andhra Pradesh. At present the company is engaged in manufacturing and marketing of tablets, capsules, dry syrups and neutraceuticals. Gauging the demand for the products manufactured by the company, the Board of Directors and finalized expansion cum diversification plans to undertake marketing expansion and manufacturing of pellets and DC Granules and patented API’s used for capsule and tablet dosage forms respectively.
Financials
Profitability:
The profitability statement and the economics of working results of the unit are given as per annexure and from this, it is very clear that the expansion cum diversification plans of the company shall result in contributing to the growth of the company, shareholders, customers coupled with tax payments to government and its agencies.
Project Highlights:
As per the conservative estimates, the following are the indicators of the expansion cum diversification project:
- Steps for expansion to commence from 2010-11 and to be over during 2011-12.
- Manufacturing of new products from 2012-13.
- Financial indications
| 2012-13 | 2017-18 | |
| Capital | 4194.23 | 4194.23 |
| Reserves & Surplus | 1267.49 | 21664.08 |
| Net worth | 5461-72 | 25858.31 |
| Net worth of Rs.10/- share at the end of sixth year | 62/- | |
| Turnover | 11900.00 | 80800.00 |
| Profit before Tax | 2355.39 | 17023.23 |
| Profit after Tax | 1559.94 | 11236.26 |
| Earnings per share (Rs.) | 37.14 | 267.53 |
| Dividend rate (%) | 10 | 40 |
| Total dividend distribution per share in six years | 18/- | |
CONCLUSION
Considering the back ground of the promoters who are very well experienced and having thorough knowledge of the products and market, the size of the expansion cum diversification project, the demand for company’s products and revenue to the government in the form of taxes, the viability of units is assured.+ Read More
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