Industry Structure & Developments: Pharma Industry as such is progressing, though competitive, but due to paucity of funds the Company cannot avail any benefit therefrom.
Opportunities & Threats: Due to continued losses, the company has paucity of funds to carry on business of the company properly.
Product-Wise Performance: Business activity of the company was closed therefore, no product was sold during the year.
Outlook: The Company has paucity of funds and is searching for a partner or collaborator for financial assistance to come out from such situation.
Risks & Concerns: Company has no funds even to meet minimum required expenses; and therefore it has to find a financial partner / Collaborator / amalgamator.
Internal Control Systems & their Adequacy: Welcure has been having strong and adequate internal audit and control systems over financial reporting. Independence of the audit and compliance function is ensured by direct reporting of the Internal Auditor to the Audit Committee of the Board.
Operational vis-a-vis Financial Performance: Company did not have sufficient funds to carry on business activity in the company. During the year under review the Company had a profit of Rs. 10.17/- lakhs.
Material Developments in Human Resources / Industrial Relations Front:
Presently no employee has been on the pay roll of the company.
Cautionary statement: Statements in this Report are based on reasonable assumptions and the Management does not guarantee the accuracy of the assumptions.
For and on behalf of the Board | ||
Welcure Drugs & Pharmaceuticals Limited | ||
Place: New Delhi | Sd/- | Sd/- |
Date: 04.09.2023 | Vishal Mehra | Rajeev Mehra |
Managing Director | Director | |
DIN: 09717741 | DIN: 08430959 |
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.