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Leaders in Contract Manufacturing Registered Office 20th Floor, Lotus Business Park, Off Andheri Link Road, Andheri (West), Mumbai - 53 Contact No: +91-22-4068 2300 (30 Lines), Fax: +91-22-4068 2323/33, 2673 3687 Website: www. ankurdrugs.com Email: [email protected] INTRODUCTION • A Public Limited Company listed at Bombay Stock Exchange & National Stock Exchange of India Limited having a turnover of INR 10675 million and Net profit of INR 894 million • Engaged in the manufacturing of Pharmaceutical Formulations since 1998. • Multi location facility having Plants at Daman and Baddi • The company’s major expansion program with a view to cater the International Market. • Ankur is privileged of being in the forefront of contract manufacturing with India’s leading and multinational pharmaceutical companies. INTRODUCTION • Ankur’s first plant is situated at Daman, which is having dedicated block for General and Beta-lactum products in oral dosage form. • The Company has set-up two plants spread across “dimensions” at Himachal Pradesh in excise and pollution free zone, amongst lush green surroundings. The main object behind setting up two units was to cater Domestic and International Market. • Ankur has succeeded to explore and maintain its production target for above 400 different formulations for different dosage forms – viz Tablets, Capsules, Dry Syrups, Liquid Orals, etc. • Company has already received WHO GMP Certification for its Unit - I at Village Manakpura, Tehsil : Nalagarh, Dist.: Solan, Himachal Pradesh – 173 205. To manufacture and supply quality healthcare products at reasonable prices to our customers. “Our focus is to meet and exceed stakeholders expectations.” APPROACHES AND VALUES Strong Business Ethics Transparent Operations Passion for Performance High Customer Value Team of Experienced Pragmatic People. BADDI UNIT –I : OVERVIEW • Project envisaged in Jan 2005 • Set up to meet the challenges in the new Taxation scenario • Capital Investment of US$ 35.00 million = INR 175 Crores • WHO / GMP approved plant INFRASTRUCTURE Land Area Twelve Acres General Block 1 50X40 meters Block : Ground + Service Floor General Block 2 42X85 meters Block : Ground + Three Floors Cephalosporin Block 30X45 meters Block : Ground + Three Floors Beta-Lactum Block 30X45 meters Block : Ground + Three Floors Warehouse Block 1 50X90 meters Block : Ground + Three Floors Utilities 35X15 meters Block : Ground + Service Floor BADDI UNIT –I : PRODUCTION FACILITIES : • Unit is having manufacturing facilities with modular clean room panels for General Products, Beta-lectum Products and Cephalosporin Products in oral dosage forms. Each block is having dedicated Quality Control Laboratories. The manufacturing area of all blocks are maintained at class 100,000. • In General Block, Oral Liquid filling and packaging line are connected to fully automatic cartoning and case packing machine from Romaco, Italy. • Betalactum and Cephalosporin Blocks are having low RH (<25%) manufacturing areas with continuous monitoring systems from Rotronic, Switzerland. Both the Dry Syrup filling and packaging lines of Betalactum and Cephalosporin Blocks are having on-line non-destructive leak testing machines for filled and sealed bottles from Bonfiglioli, Italy giving the advantage of 100% check on sealed containers and fully automatic cartoning and case packing machine from Romaco, Italy. • State-of-the-art technology built-up viz : Capsule Filling Machine, Automatic Tablet Coating Machine from Sejong and Alu Alu Blister Pack Machines from Hoonga, Korea have been installed in all critical area. BADDI UNIT – I: INSTALLED CAPACITY p.a ( in million) : GENERAL BLOCK : Tablets (Coated / Uncoated) Capsules Liquid Orals 3000.00 375.00 150.00 CEPHALOSPORIN BLOCK: Tablets (Coated / Uncoated) Capsules Dry - Syrups Insta use Suspensions 480.00 144.00 24.00 24.00 BETA LACTUM BLOCK: Tablets Uncoated Capsules Dry - Syrups Insta use Suspensions 480.00 1248.00 48.80 24.00 BADDI UNIT –II : OVERVIEW • Designed as per USFDA / MHRA standards • Capital Investment of US$ 120 million = INR 550 Crores • Technical arrangement with : BASSAIRE – UK , a leading consulting firm, Engineers & Architect. INFRASTRUCTURE Land Area Fifteen Acres General Block 77 x 77 meters Block : Ground + First Floor + Two Service Floor Cephalosporin Block 77 x 54 meters Block: Ground + Service Floor Q.C. Central Warehouse 77 x 24 meters Block : Ground + Three Floor & Admin Block Utility Block 67 x 17 meters Block Ground + First Floor BADDI UNIT – II : HIGH END TECHNOLOGY • There is a high focus onwards automation to avoid human intervention and errors occurred thereon and in the process, various standard machineries are imported to meet the requirements. • In General Block and Cephalosporin Block Tablet Compression and Capsule Filling machine are from Sejong, Korea. Alu Alu Blister Pack machine from Hoonga, Korea, fully Automatic Strip Pack machine from Siebler, Germany and all packaging lines are connected to fully automatic cartoning and case packing machine from Hoonga and Romaco, Italy. • In EVT area, single pot manufacturing equipment is from Zanchetta, Italy and fully Automatic Strip Pack machine from Siebler, Germany and fully automatic cartoning and case packing machine from Romaco, Italy. BADDI UNIT – II : HIGH END TECHNOLOGY • Ointment filling line and Sterile Dry Powder filling line from Romaco Macofar, Italy are connected to fully automatic cartoning and case packing machine from Romaco, Italy. • As a major step towards Ankur’s progress in International market, Trans Dermal Patches (Fentanyl and Cold Fleece) and Oral Strip (Ondansetrone, Donepezil – Hcl, Ketotifen Fumarate, Baclofe, Rivastigmine, Sildenafil Citrate, Glimepiride and Olanzapine) are ready for manufacturing, in technical colaboration with Labtech Germany and Applied Pharma Research – Switzerland for marketing in India and various South Asian territories. . BADDI UNIT – II : PRODUCTION FACILITIES • State-of the art technology built-in. High degree of automation which is one of its kind in India and South East Asia, having dedicated manufacturing blocks for General Products and Cephalosporin Products with modular cleanroom panels from Thrislington, U.K and designed as per USFDA/MHRA norms. • General Block is having manufacturing facility of Tablets, Capsules, Effervescent Tablet, Liquid Injections, Ointments, FFS, Trans Dermal Patches and Oral Film Products. • Cephalosporin Block is having manufacturing facility of Tablets, Capsules, Dry Syrups and Sterile Dry Powder Injections. • The Manufacturing areas of Oral Dosage Forms and Ointment are maintained at Class 1,00,000 and manufacturing area of Liquid Injection and Sterile Dry Powder Injections are maintained at class 100. BADDI UNIT – iI: INSTALLED CAPACITY p.a ( in million) : GENERAL BLOCK Tablets - coated / uncoated 9,000.00 Capsules 900.00 Liquid Injectables 144.00 Effervescent Tablets 300.00 Sachets 60.00 Ointments/Creams 30.00 Form Fill and Seal (FFS) 30.00 CEPHALOSPORIN BLOCK Tablets coated / uncoated Capsules 1200.00 540.00 Dry Syrups 48.00 Dry powder Injectables 30.00 • Mr. Purnandu Jain - Chairman and Managing Director, is a qualified Chartered Accountant having over Ten years of experience in Pharma manufacturing business. He has successfully turned around the company and improved its performance many fold. • Mr. Girraj Vijayvargiya - Executive Director, is also a qualified Chartered Accountant having over 10 years experience in Pharmaceutical Project Finance and Purchase. • Mr. A. Hossain - President (Technical & Projects), M. Pharm. Having over 28 years of experience in Projects, Manufacturing, Plant Administration. • Mr. Jayesh Trivedi – Chief Operating Officer, B. Pharm. Having over 30 years of experience in techno commercial, outsourcing & business development, mainly responsible for regulatory affairs & International business. • Mr. M. B. Sawant - Sr. Vice President (Commercial), M.B.A. Production, having about 30 Years experience in PPC and Supply Chain in pharmaceutical industry. • Mr. Sunil Soni - Vice President (Operations), M. Pharm. Having over 17 years experience in Manufacturing and Plant Administration. • Mr. Sardul Singh - General Manager (Administration) having more than 45 years experience in the Industry. • Mr. Ashok Mehta - General Manager (Quality Assurance), M. Pharm having more than 26 years of experience in the Industry. SOME OF OUR VALUED CUSTOMERS (as per alphabetical order) • Abbott India Limited • Piramal Healthcare Limited • Blue Cross Laboratories Limited • Pfizer India Ltd • Cipla Limited • Rajasthan Drugs & Pharmaceuticals Limited • Dr. Reddy’s Laboratories Limited • Ranbaxy Laboratories Limited • Sandoz Private Limited • Sanofi Aventis Karnataka Antibiotics & Pharmaceuticals Limited • Torrent Pharma Limited Novartis India Limited • USV Limited • • • • Hindustan Antibiotics Limited Hovid ANKUR REVOLUTIONIZING CANCER TREATMENT • Fentanyl Transdermal Patch – A breakthrough in pain management therapy in treatment of cancer • High end pain management drug • Painless dosage form • Reduced dosage form due to quick absorption and high efficacy • Fentanyl a potential goldmine • Ankur has exclusive manufacturing and marketing rights of Fentanyl in territories such as South –East Asia, South Africa, East Africa and Central Africa ANOTHER FIRST FOR ANKUR • Ankur will be the first ever Indian company to launch “Rapid Film” in India and other territories. The company has been granted exclusive manufacturing rights for initial 15 years for territories viz. India, Bangladesh, Sri Lanka, Pakistan and Afghanistan • Is a new concept in oral dosage form and medication. • It is a novel, non-muco adhesive fast dissolving oral dosage form. • It releases the drug in the mouth and initiates buccal absorption, within no time. • Any drug up to 50 mg per strip can be easily taken up through this dosage form. The film is either packed in conventional ways or in elegant single smart card design, such as credit card format. • Ankur has associated with Optimags Germany for an exclusive special coating lines and has imported the latest technology in Packing lines from “Siebler” (Romaco Group) Germany viz Rapid film for Ondasetrone, Donepezil-Hcl, Ketotifen Fumarate, Baclofe, Rivastigmine, Sildenafil Citrate, Glimepiride and Olanzapine. FINANCIAL HIGHLIGHTS OF LAST 5 YEARS SUMMARY OF PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED (Rs. Crores) PARTICULAR'S Net Sales/Income from Operations 31/03/2006 31/03/2007 31/03/2008 31/03/2009 31/03/2010 136.45 373.24 673.50 Other Income 0.07 0.32 1.50 Increase in Inventory 0.40 6.62 3.30 136.92 380.18 678.30 1,014.60 1072.88 104.16 302.76 542.19 784.42 799.38 Manufacturing Expenses 8.10 15.98 21.67 33.02 39.52 Administrative, Sales and Other Expenses 2.66 3.15 6.16 14.98 19.14 114.92 321.89 570.02 832.42 858.04 Total Income 965.32 1067.53 1.6 2.94 3 46.34 3.72 TOTAL EXPENDITURE Materials Consumed Total Expenditure FINANCIAL HIGHLIGHTS OF LAST 5 YEARS SUMMARY OF PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED (Rs. Crores) PARTICULAR'S Profit before depreciation, finance cost and tax Less: Depreciation Less: Interest and Financial Charges Less: Prov. for exch. diff. on foreign currency loans Less: Prov for premium on redemption of FCCB's Less: Other Misc. Provisions Profit before tax Less: Provision for taxation - Current Tax - Deferred Tax - Fringe Benefit Tax Profit after tax Dividend (Including Dividend Tax and prov for prev. yr.) Earning per share - Basic (In Rs.) - Diluted (In Rs.) 31/03/2006 31/03/2007 31/03/2008 31/03/2009 22.00 2.50 4.08 - 58.29 6.01 12.92 - 108.28 8.40 24.86 - 182.18 20.67 54.10 26.13 20.94 1.42 31/03/2010 214.84 26.77 79.00 (16.23) 3.20 (1.33) 15.42 39.36 75.02 58.92 1.36 0.05 0.03 4.25 2.32 0.05 8.71 2.74 0.07 7.30 14.39 0.10 21.00 13.00 - 13.98 32.74 63.50 37.13 89.43 1.62 2.22 5.65 5.01 - 14.72 34.43 53.79 19.94 46.24 17.62 23.50 23.61 37.63 - 123.43 SUMMARY OF BALANCE SHEET AS AT (Rs. Crores) PARTICULAR'S Sources of Funds Shareholders' Funds Equity Share Capital Equity Share Application and Warrants Reserve & Surplus Miscellaneous Expenditure Deferred Tax Liability Net Worth Loan Funds Term Loan (Secured) Working Capital Loan Loan from Directors (Unsecured) Loan from Others (Unsecured) Foreign Currency Convertible Bonds Current Liabilities & Provisions Current Liabilities Provisions TOTAL LIABILITIES 31/03/2006 31/03/2007 31/03/2008 31/03/2009 31/03/2010 9.50 10.56 12.70 18.61 19.34 --- 8.07 8.72 10.02 --- 19.32 94.53 198.04 243.01 345.23 (0.25) (0.37) (0.52) (0.26) - 4.82 7.14 9.88 24.27 37.27 33.39 119.93 228.82 295.65 401.84 42.60 145.20 236.89 205.28 258.65 26.15 82.25 168.33 274.76 392.52 2.41 1.87 1.33 1.40 39.86 66.90 76.77 116.62 114.05 - 55.07 134.16 145.43 125.71 7.11 4.40 26.40 6.69 38.78 13.68 60.57 33.35 96.88 52.54 156.23 504.81 899.41 1,134.27 1.50 1443.69 SUMMARY OF BALANCE SHEET AS AT (Rs. Crores) PARTICULAR'S 31/03/2006 31/03/2007 31/03/2008 31/03/2009 31/03/2010 Application of Funds Fixed Assets Gross Block 41.15 127.96 228.04 390.65 775.16 8.16 15.58 23.88 44.50 71.28 Net Block 32.99 112.38 204.16 346.15 703.88 Capital Work-in-progress 65.61 245.03 331.49 266.10 22.94 0.01 0.02 5.24 3.74 0.48 Inventories 24.56 62.18 123.15 212.77 322.97 Sundry Debtors 28.35 76.90 163.91 281.14 357.69 Cash and Bank Balances 1.74 2.56 59.06 15.84 7.01 Loans and Advances 2.97 5.74 12.40 8.53 28.72 TOTAL LIABILITIES 156.23 504.81 899.41 1,134.27 1443.69 Current Ratio 1.53 1.28 1.62 1.41 1.32 : 1 Debt Equity Ratio 2.88 2.64 2.53 2.38 2.22 :1 Less: Depreciation Investments Current Assets, Loans and Advances SUMMARY OF PROJECTIONS 2010 - 11 2011 - 12 2012 - 13 2013 -14 (Rs. Crores) 2014 - 15 Net Sales 1350.00 1500.00 1600.00 1700.00 1750.00 EBI DTA 243.00 270.00 288.00 306.00 315.00 PBT 130.00 150.00 175.00 190.00 200.00 PAT 100.00 120.00 135.00 145.00 150.00 18% 18% 18% 18% 18% NET PROFIT MARGIN 7.41% 8% 8.44% 8.53% 8.57% CASH PROFIT MARGIN 11.11% 11.33% 11.50% 11.47% 11.43% PROFITABILITY RATIO % OPERATING PROFT MARGIN