Trust Stamp for MORVEL LABORATORIES PRIVATE LIMITED


	MORVEL LABORATORIES PRIVATE LIMITED

Registered Office

Address :	25, Jawahar Nagar Society, Visnagar, Dist. Mehsana 382 010, Gujarat, India
Mobile No. :	91-9825025541
E-Mail :	info@morvellab.com, morvellab@sify.com
Website :	http://www.morvellab.com
Area :	400 sq. ft.
Location :	Owned

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SUMMARY

Incorporated	1983/05/16
Registration No.	04-6187
No. of Employees	70 [In Office: 10; In Factory: 40 and Marketing Staff: 20]
Line of Business	Manufacturer, Trader and Exporter of Injectables Products.

Status

Company is a well-established and reputed concern having satisfactory track records. Directors are reported as experienced and respectable businessmen. Trade relations are reported as fair. Business is active.

Payments

Regular

Litigation

Clear

Banking Reputation

Satisfactory

Auditors

Name :	Babubhai Patel and Company, Chartered Accountant
Address :	2nd Floor, A-10 and 11, Ajanta Commercial Centre, Ashram Road, Ahmedabad 380 014, Gujarat, India

FACTORY WAREHOUSE

Factory	251 G.I.D.C. Estate, Near Modera Cross Road, Opposite Sremandar Temple, Mehsana - 384 002, Gujarat, India
Tel. No.	91-2762-255041 / 255042
Fax No.	91-2762-240145

LEGAL FORM

Private Limited Liability Company

DIRECTORS

DIRECTORS
Name : Mr. Rikinbhai B Patel
Designation : Director
Address : 25, Jawahar Nagar Society, Visnagar
Qualification : Engineering
Date of Appointment : 2004/09/08
Name : Mrs. Meenaben K. Patel
Designation : Director
Address : Bharatnagar Society, Visnagar
Qualification : B. Ed.
Date of Appointment : 2003/07/16
Name : Mr. Bipinbhai Patel
Designation : Director

MAJOR SHAREHOLDERS

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN (As on 30.09.2008)
Names of Shareholders No. of Shares
Shardaben Patel 1690
Ramilaben Patel 200
Baldevbhai Patel 210
Jayantibhai Patel 500
Meenaben Patel 600
Gangarambhai Patel 600
Rikin Patel 2669
Ashish Patel 361
Jayesh Patel 390
Parulben Patel 400

Equity share breakup (percentage of total equity)(As on 30.09.2008)
Category Percentage
Directors or relatives of directors 100.00
Total 100.00

EXPORT DETAILS

Exports to :
Countries : Saudi Arabia, Sri Lanka

PRODUCTION DETAILS

PRODUCTION STATUS (As on 31.03.2008)
Installed Capacity 13500000 Vials

TRADING TERMS

Terms :
Selling : Cash and Credit Terms
Purchasing : Cash and Credit Terms

TYPE OF CUSTOMERS

Customers :
Wholesalers

BANKERS

Bankers :
Bank of Baroda Mehsana- Highway Branch

AUDITORS

Name :	Babubhai Patel and Company, Chartered Accountant
Address :	2nd Floor, A-10 and 11, Ajanta Commercial Centre, Ashram Road, Ahmedabad 380 014, Gujarat, India

FINANCIAL INFORMATION

[all figures are in Rupees Millions]

PROFIT & LOSS ACCOUNT
Particulars 2008/03/31 2007/03/31 2006/03/31
Sales Turnover 22.876 22.805 16.798
Other Income 0.081 0.005 1.128
Total Income 22.957 22.810 17.926
Profit/(Loss) Before Tax 0.161 0.267 0.128
Provision for Taxation 0.114 0.164 0.075
Profit/(Loss) After Tax 0.047 0.103 0.053
Expenditures :
Manufacturing Expenses 14.510 15.976 11.758
Purchases made for re-sale 0.355 0.083 0.015
Employees Remuneration and Benefits 1.930 1.670 1.175
Administrative Expenses 0.840 0.718 0.460
Interest and Financial Expenses 0.864 0.536 0.515
Selling and Distribution Expenses 3.070 3.265 1.253
Increase/(Decrease) in Finished Goods 0.321 (0.398)
Depreciation & Amortization 0.906 0.693 0.279
Total Expenditure 22.796 22.543 15.455
Earnings Per Share (Rs.) 3.63 7.95

CAPITAL STRUCTURE

Capital Structure

Authorised Capital :
No. of Shares Type Value Amount
15000 Equity Shares Rs.100/- each Rs.1.500 Millions

Issued, Subscribed & Paid-up Capital :
No. of Shares Type Value Amount
13000 Equity Shares Rs.10/- each Rs.1.300 Millions

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