DESH RAKSHAK AUSHDHALAYA Share price

The manufacturing activities of the company were started in 1901 as a proprietoryship concern by late Shri Bhagwant Rai Jain of Malerkotla (Punjab) in the name and style of M/s Desh Rakshak Aushdhalaya and then shifted the unit at Haridwar in the year 1930 and since then the company is running its unit as a propretory concern in the proprietoryship of late Shri Bhagwant Rai Jain and thereafter in the proprietoryship of Shri Paras Kumar Jain. The concern was converted into a Pvt. Ltd. Company on 14.09.1981 and subsequently it converted as a Public Limited Company on 20.07.1994. The unit of the company has been manufacturing medicines with traditional processes.Upto 1976 the company was producing ethical products ofAyurvedic Medicines and the supplies were generally to Ayurvedic Dispenseries. In the year 1977 Government announced certain policies such as Community Health Volunteer Scheme for the benefits of the rural public. The company participated in the bulk supply under the scheme. In the year 1986-87 due to change in Govt. policy the supply was discontinued and the company started production of ethical and patent Ayurvedic Medicines. The company has now entered to the consumer market and the products are being sold in the domestic market. To launch its products in global market the company has proposed to modernise its plant for upgrading the quality of its products. The company has already decided to expand its existing set up in the year of 1993-94. After this the company started to augment its marketing network advertisement of its products in a big way resulting in the increase of turnover. There has been no non-recurring business or pure trading activities during the financial year 1994-95.Considering the increasing domestic demand and also the export potential for its products the company proposes to further expand its production capacity by installing modern machines. The company is also proposing to modernise some of its existing plant facilitIes.The company has revalued its assets during the financial year 1993-94 and created revaluation reserve of Rs. 65.60 lakhs as on 30.0 .94. Thereafter bonus shares of Rs. 60.00 Iakhs in the ratio of 3:5 were issued by capitalising the revaluation reserve on 20.07.94.There has been no labour problem/closure and delay in commencement of activities in past. The unit of the company was established in 1901 and since then it has been expanded gradually and the same was financed from own sources except the working capital financed from bank which was satisfied/cleared by the company in 1994-95 There is no any default by the company in repayment of loan.