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Kimia Biosciences Limited
Sector:Pharmaceuticals Pharmaceuticals - Pharmaceuticals - Others
BSE:530313NSE:NABloomberg:LRO@INReuters:LAUR.BO
Market Lot: 1Face Value: 10ISIN Demat: INE285U01025
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09-Sep-2008
Business Profile
Laurel Organics (LAURLOR), incorporated in 1993, is engaged in contract manufacturing of drug intermediates for other major pharmaceutical companies. Earlier known as Dolphin Organics, it got its present name on Feb. 24, 1995.

Operations include manufacturing bulk drugs and intermediates such as ciprofloxacin and norfloxacin at its manufacturing unit located in the Gurgaon district of Haryana. The company renders job manufacturing services such as development of critical basic drugs for Ranbaxy Laboratories on long term contract basis.

A rehabilitation scheme has been sanctioned by the Board for Industrial & Financial Reconstruction (BIFR) after the company was deregistered as a sick industrial unit on Dec. 27, 2005. Its overall earnings presently depend on jobwork of pharmaceutical products.

The registered office is located at Bhondsi village, Sohna tehsil, Gurgaon-122001, Haryana.

Financials
Laurel Organics registered a sharp drop in net profit of Rs 2.4 million for the quarter ended June 2008 from a profit of Rs 2.7 million for the quarter ended June 2007.
Net sales rose 20.01% to Rs 21.29 million for the quarter ended June 2008 from Rs 17.74 million for the quarter ended June 2007.
Total income was Rs 21.3 million for the quarter ended June 2008.

In Brief

 
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