JENBURKT PHARMACEUTICALS Share price

The Company was originally incorporated as a PrivateLimited Company on 10th June 1985 in the state ofMaharastra Bombay and subsequently converted into a PublicLimited Company on 4th January 1994 and obtainedcertificate of change of name from the Registrar ofCompanies on 31 st January 1994. The Company has been promoted by ''BHUTA'' Family. The Bhutafamily is having interest in various business activitiessuch as manufacturing and marketing of pharmaceuticalformulations trading in Chemicals Textiles etc. Thegroup turnover in the year 1992-93 was Rs. 1616.85 lacs andover Rs. 2000 Lacs (provisional) for the year 1993-94.Now the Company has taken over the existing business of agroup partnership firm i.e. M/s Jenburkt Pharmaceuticalsa going concern which was engaged in the manufacturing andmarketing of pharmaceuticals formulation on Loan Licencebasis under various brand name registered with appropriateauthorities in the name of firm. Brief history of the said partnership firm is as under: M/S Jenburkt Pharmaceuticals was established in the year1984-85 by Mr. Harshad Bhuta along with his brothers.Initially the firm started manufacturing and marketing ofpharmaceuticals formulations under loan and licence basis.Mainly the products under different therapeutic groupnamely nutritional supplement cough syrup-expectorantHaematinic syrup. Initially the firm had launched theirproducts only in Bombay and some parts of MaharashtraGujarat and Madhya Pradesh. Over last Ten years the firmhad successfully launched more than 15 products and it hasexpanded its marketing 10 times to include areas likemetropolitan Delhi Key areas of Uttar Pradesh RajasthanHaryana Karnataka Goa Andhra Pradesh and Kerala. Its field force had consistently grown from 25 to 170people.Jenburkt Products were made available through a wide spreadnetwork of stockists and super stockists through whom theproducts were distributed to thousands of retail chemistoutlets. The firm had a consistent track record of growthand its turnover had increased to Rs. 484 Lacs during 1993-94 from Rs. 39.92 Lacs in the year 1985-86.MAIN OBJECTS OF THE COMPANYTHE MAIN OBJECTS OF THE COMPANY AS PER MEMORANDUM OFASSOCIATION ARE:- 1. To carry on all or any of the business of manufacturersimporters exporters buyers sellers and distributingagents of and dealers in all kinds of patentpharmaceuticals medicinal and medicated preparationspatent medicines drugs herbs and in pharmaceuticalmedicinal proprietary and industrial preparationscompounds and articles of all kinds and chemicalmanufacturers.SUBSIDIARY COMPANYThe company has no subsidiary.