Medico Remedies Ltd
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Introduction: Medico remedies limited is a WHO-GMP and ISO 9001-2008 certified specialized organization, involved in offering high quality pharmaceutical products to clients globally. It has two WHO-GMP approved manufacturing units, one for General Formulations and the other for Beta-Lactam Formulations. Company R&D personnel work round the clock to make safer and innovative range of branded and generic drugs, which are appropriate for different medications.
Date of Establishment: Company was established in the year 1994
Product & Service Offering: Medico remedies has a wide range of products such as antibiotics and anti Infectives, antifungals, vitamins and supplements,cardiovasculars,antipyretic,analgesic,antacid,anti-ulcer drugs,and Antimalarial
Customer Segment: Company successfully trades its products in countries such as Uganda, Myanmar, Vietnam, Cambodia, Dominican Republic, Sri Lanka, Philippines, Turkmenistan, Ghana, Mauritius, Madagascar, Congo, Iraq, Honduras, Cuba, Jamaica, Hong Kong, Nigeria, Senegal, Panama, Mozambique to name a few.
Promoters of Medico remedies limited: Company is promoted by Mr. Haresh Mehta(Chairman & Chief Financial Officer), Harshit Mehta(Mr. Harshit Mehta is the Managing Director) and Mrs. Rita Mehta(Whole-time Director)
Objects of the Issue:
The issue was raised with the sole aim of repayment of borrowings and for cash requirements related to sundry corporate expenses
Company Financials:
Summary of financial Information (Consolidated) |
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Particulars |
For the year/period ended (in Rs. million) |
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31-Mar-17 |
31-Mar-16 |
31-Mar-15 |
31-Mar-14 |
31-Mar-13 |
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Total Assets |
482.4 |
455.4 |
357.4 |
312.4 |
183.2 |
|
Total Revenue |
547.7 |
669.2 |
511.0 |
449.7 |
338.0 |
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Profit After Tax |
16.2 |
11.2 |
7.9 |
6.2 |
4.2 |