SYSTRONICS

Registered Office :
AddressDr. Vikram Sarabhai Marg Wadi, Vadodara 390 023, Gujarat, India
Tel. No.91-265-381266 / 381163 / 382213 / 382455 / 382831 / 381613
Mobile No.91-9825006085
Fax No.91-265-380431 / 382434 / 381163
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SUMMARY
Incorporated 1978/06/05
Registration No. 3159
No. of Employees Approximately 280
Line of Business Manufacturer of Scientific Electrical Instruments.
Status Company is an old and established concern.
Payments Slow
Auditors
Name :Sorab S Engineer and Company, Chartered Accountant
Address :Ismail Building, 381, Dr. D Naoroji, Road, Fort, Mumbai, Maharashtra, India

FACTORY WAREHOUSE
Factory 1 :Naroda Industrial Estate, Ahmedabad
Factory 2 :Supath 2, B/123-129, 1st Floor, Opp. Junawadaj Bus Stop, Juna Wadaj, Ahmedabad 380 013, Gujarat, India
Tel. No :91-79-27557072 / 27553589 / 27556044
Mobile No :91-9426577441
Fax No :91-79-27552902
Location :Owned
Factory 3 :89/92, Industrial Estate, GIDC, Naroda, Ahmedabad 382 330, Gujarat, India
Tel. No :91-79-22813077
Factory 4 :Village Ranoli, District Vadodara, Gujarat

BRANCH

Located at :
Agra, Baroda, Chandigarh, Chennai, Cuttack, Ghaziabad, Indore, Ambala, Bangalore, Kolkata, Cochin, Delhi, Goa, Guwahati, Jaipur, Lucknow, Madurai, Muzaffarpur, Parwanoo, Raipur, Srinagar, Varanasi, Kanpur, Ludhiana, Mumbai, Nagpur, Patna, Secunderabad, Vijayawada, Bhopal, Bhubneshwar, Hyderadbad, Kolkata, New Delhi, Thiruvananthapuram



LEGAL FORM
A Public Limited Liability Company. The companys Shares are Listed on the Stock Exchange.

DIRECTORS

DIRECTORS
Name :Mr. Kartikeya V Sarabhai
Designation :Chairman
Name :Mr. B S Bohra
Designation :Director
Name :Mr. B V Suryakumar
Designation :Director
Name :Mr. Govind Das Zalani
Designation :Director
Name :Dr. Om Dutt Gulati
Designation :Director
Date of Birth/Age :1927/01/31
Qualification :Pharmacologist
Experience / Expertise:He was a professor of Pharmacology and Dean of Medical College of Vadodara. Further, he is retired Director of Charotar Arogya Mandal, Karamsad which is running a Medical College in Gujarat. He has been making an in-depth stuffy of various new drugs being discovered. He has wide and varied experience in the field of Drugs and Pharmaceuticals. He has been a Director of the Company since 1991.
Other Directorship :Haryana Containers LimitedMautik Exim Limited
Name :Dr. Vinodchandra C Shah
Designation :Director
Name :Mr. Anil H Parekh
Designation :Whole-Time Director
Date of Birth/Age :1948/10/18
Qualification :M. Pharm. (Pharmaceuticals) and Pharmaceutical Technology
Experience / Expertise :Experience of Pharma production facilities of more than three decades. Technical expertise in: Formulation, Production planningInventory ControlStores, Distributors and LogisticKnowledge of Quality Control.
Name :Mr. K Mohandas
Designation :Whole-Time Director
Date of Birth/Age :1948/05/12
Qualification :Graduate with Economics with economics and Diploma in Materials Management
Experience / Expertise :Joined the organization in 1996 and has varied experience of 42 years in various areas of management. At present he is a President and C.O.O. (Electronics Division) of the company.
Name :Mr. L Ramaswamy
Designation :Whole-Time Director
Date of Birth/Age :1957/11/01
Qualification :Post Graduate in Marketing Management and Human Resources Management
Experience / Expertise :Prior to joining the company, he was the Managing Director of Stiefel India Private Limited (1 100% subsidiary of Stiefel Laboratories Inc., USA). He was experience of over 28 years

KEY EXECUTIVES
Name :Mr. Surendra U Tamboll
Designation :Company Secretary



MAJOR SHAREHOLDERS

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN (As on 31.03.2008)
Names of ShareholdersNo. of SharesPercentage of Holding
Promoters2001895126.12
FII/NRI3912350.51
Public Financials Institutions and Nationalized Banks3614620.47
Bodies Corporate2484963132.43
Indian Public3101201740.47
Total76633296100.00



PRODUCTS DETAILS

Products:
Product DescriptionITC Code
Penicillin in Tablets etc.300410.02
Tramadol Hcl Capsules, Injections, Tablets etc.29225090
Vitamin C (Ascorbic acid and its derivatives)293627


EXPORT DETAILS

Exports to :
Products :Raw Material
Countries :USA, Hong Kong, Singapore



PRODUCTION DETAILS

PRODUCTION STATUS (As on 31.03.2008)
ParticularsUnitLicensed CapacityInstalled CapacityActual Production
DRUGS AND PHARMACEUTICALS
Bulk Drugs and Intermediates
Vitamin CMT1000.00600.00131.80
Ascorbic Acid Food GradeMT12.20
OthersMT52.2247.22
Formulations
InjectablesM.Vials232.004.31
LiquidKL4200.00
OintmentsMT84.8014.36
PowdersMT216.003.42
Tablets and CapsulesM.Nos4231.6041.86
Electronics
OscjlloscopesPieces1500150066
Test InstrumentsPieces15001500517
Textile Analytical InstrumentsPieces600060005253



TRADING TERMS

Terms :
Selling :Cash & Credit Terms
Purchasing :Cash


TYPE OF CUSTOMERS

Customers :
End Users
Dealers
Distributor




BANKERS

Bankers :
Bank of IndiaNaroda
HDFC BankAhmedabad
State Bank of IndiaNaroda
Bank of BarodaNaroda
Punjab National Bank
State Bank of Saurashtra

AUDITORS
Name :Sorab S Engineer and Company, Chartered Accountant
Address :Ismail Building, 381, Dr. D Naoroji, Road, Fort, Mumbai, Maharashtra, India

FINANCIAL INFORMATION

[all figures are in Rupees Millions]
Particulars2008/03/312007/03/312006/03/31
Sales Turnover618.331894.6961286.700
Other Income43.00485.791331.500
Extraordinary Income853.9780.0000.000
Total Income1515.313980.4871618.200
Profit/(Loss) Before Tax(73.543)(293.086)(62.500)
Provision for Taxation1.8762.4781.500
Profit/(Loss) After Tax(75.419)(295.564)(64.000)
Earnings in Foreign Currency :
FOB Value of Exports0.0600.000NA
Commission Earnings15.26411.317NA
Total Earnings15.32411.317NA
Imports :
Raw Materials9.95450.804NA
Stores & Spares17.75711.051NA
Others1.6088.663NA
Total Imports29.31970.518NA
Expenditures :
Cost of Sales and Services1063.6111114.010
Interest505.436139.541
Depreciation & Amortization19.80920.022
Total Expenditure1588.8561273.5731680.700

QUARTERLY RESULTS
PARTICULARS2008/06/30
Type1st Quarter
Sales Turnover157.900
Other Income23.000
Total Income180.900
Total Expenditure387.500
Operating Profit(206.600)
Interest22.800
Gross Profit(229.400)
Depreciation3.100
Tax0.600
Reported PAT(233.100)




CAPITAL STRUCTURE

Capital Structure

Authorised Capital :
No. of SharesTypeValueAmount
95000000Equity SharesRs.10/- eachRs.950.000 millions

Issued, Subscribed & Paid-up Capital :
No. of SharesTypeValueAmount
76633296Equity SharesRs.10/- eachRs.766.333 millions




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