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Ashco Niulab Industries Limited
Sector:Others Others - Miscella - Others
BSE:17565NSE:ASHCONIULBloomberg:ASHN@INReuters:ASCO.BO
Market Lot: 1Face Value: 10ISIN Demat: INE714F01033
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22-Feb-2011
Business Profile
Ashco Bioscience Research (ASHOCO), earlier known as Ashco Industries, provides sophisticated analytical equipment and services. It was originally incorporated as a private limited company on Apr. 3, 1986, became a public limited company on Sep. 29, 1994, and got its present name on Oct. 10, 2007.

The company manufactures hi-tech products like spectrometers, gas chromatographs, weighing and analytical equipment for the domestic and export market with a 100% export-oriented unit located at SEEPZ in Mumbai. It manufactures gas chromatographs under technical guidance from Fisons Instruments, Italy at its unit at Vasai, Mumbai. It also deals in thermal systems and titrometry products. The new venture of bio-technological research for global contract research organizations was commissioned for clinical testing to provide services to the Indian and foreign pharmaceutical countries in clinical trial studies, and activities have commenced from April 2007.

Products from world renowned leaders in weighing and analytical equipments like Mettler Toledo AG, Switzerland; GBC Scientific Equipment, Australia; Fisons Instruments S.P.A. Italy; Milestone, Italy; ELGA, UK; MIDAC, USA; and others are stocked and sold in India. The products cater to the biotechnology, pharmaceuticals, petro-chemicals, petroleum products, agricultural and environmental studies, paints, plastics, textiles and other areas. Ashco Niulab Exports is a subsidiary of the company.

The registered office is located at Lab House, Plot No F-13, Opposite SEEPZ MIDC, Andheri East, Mumbai-400093.


Financials
The company reported fall of 113.17% in standalone net profit on y-o-y basis to Rs 0.61 million, while total income increased 25.99% y-o-y basis to Rs 282.87 million for the quarter ended December 2010.

Recent Developments
03-SEP-10
Anant Raj Industries has acquired 10,000 equity shares (representing 100% of Share Capital) of Jubilant Software Services (P).

31-MAY-10
Prabhudas Lilladher has recommended `Accumulate` on Anantraj Industries with a price target of Rs 172 as against the market price (CMP) of Rs 113 in its report dated May 31, 2010.

30-MAR-10
Angel has recommended a `Buy` on Anant Raj Industries with a price target of Rs 196 as against the market price (CMP) of Rs 134, in its report dated Mar. 29, 2010.

26-NOV-09
Angel Broking recommends `Buy` on Anant Raj Industries with a price target of Rs 189 as against the current market price (CMP) of Rs 139 (Nov. 24, 2009).

04-FEB-10
Ansal Housing and Construction launched a new Township Project named `Ansal Town`, at Yamunanagar I ,Jagadhari.

04-NOV-09
Ansal Housing & Construction today announced that it has has performed Bhoomipujan of `Ansals Herman City` a residential township project at Kurukshetra, Haryana on Nov. 01, 2009. The residential township project is expected to have a turnover of approximately 1 billion and the development of this residential township project is expected to be completed in 3 years from the date of commencement of work.

30-MAR-10
Angel has recommended a `Buy` on Anant Raj Industries with a price target of Rs 196 as against the market price (CMP) of Rs 134, in its report dated Mar. 29, 2010.

26-NOV-09
Angel Broking recommends `Buy` on Anant Raj Industries with a price target of Rs 189 as against the current market price (CMP) of Rs 139 (Nov. 24, 2009).

05-APR-10
Aplab announced that the workmen who had gone on strike have joined the duties with effect from Apr. 02, 2010

04-NOV-09
Ansal Housing & Construction today announced that it has has performed Bhoomipujan of `Ansals Herman City` a residential township project at Kurukshetra, Haryana on Nov. 01, 2009. The residential township project is expected to have a turnover of approximately 1 billion and the development of this residential township project is expected to be completed in 3 years from the date of commencement of work.

30-MAR-10
Angel has recommended a `Buy` on Anant Raj Industries with a price target of Rs 196 as against the market price (CMP) of Rs 134, in its report dated Mar. 29, 2010.

26-NOV-09
Angel Broking recommends `Buy` on Anant Raj Industries with a price target of Rs 189 as against the current market price (CMP) of Rs 139 (Nov. 24, 2009).

11-AUG-10
Camson Biotechnologies will be setting up manufacturing and distribution units in Singapore, Dubai and Cairo. These cities are strategically chosen to give Camson a central geographical presence and cater to surrounding countries to meet the increasing demand for

20-MAY-10
Camson Biotechnologies, IPR-driven agricultural biotechnology company posted a record 814% growth in the fourth quarter ended Mar. 31, 2010 on the back of rising demand for zero-residue biocides and Camson`s unique hybrid seeds.

30-MAR-10
Angel has recommended a `Buy` on Anant Raj Industries with a price target of Rs 196 as against the market price (CMP) of Rs 134, in its report dated Mar. 29, 2010.

26-NOV-09
Angel Broking recommends `Buy` on Anant Raj Industries with a price target of Rs 189 as against the current market price (CMP) of Rs 139 (Nov. 24, 2009).

12-OCT-10
Ashco Niulab Industries announced that it has entered into association with Agilent Technologies, headquarters in Santa Clara, California, U.S.A.

20-MAY-10
Camson Biotechnologies, IPR-driven agricultural biotechnology company posted a record 814% growth in the fourth quarter ended Mar. 31, 2010 on the back of rising demand for zero-residue biocides and Camson`s unique hybrid seeds.

30-MAR-10
Angel has recommended a `Buy` on Anant Raj Industries with a price target of Rs 196 as against the market price (CMP) of Rs 134, in its report dated Mar. 29, 2010.

26-NOV-09
Angel Broking recommends `Buy` on Anant Raj Industries with a price target of Rs 189 as against the current market price (CMP) of Rs 139 (Nov. 24, 2009).



Future Plans
Aplab is planning to introduce multi-product dispensers and turnkey solutions for retail outlet automation using INDHAN software developed in-house. The company is planning to explore the fuel station automation market by leveraging the extensive experience in Indian fuel dispenser market with the revolutionary wireless networking standards like Zigbee/Wi-Fi. The company plans to enter the higher end test and measurement instrument market with a 32-bit processor based on common platform.

In Brief

 
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