Written on October 29, 2010 at 5:21 am by Amit

Ankur Drugs and Pharma Ltd Fixed Deposit Scheme

Filed under Fixed Deposit, Fixed Income {no comments}

Company Profile: Ankur Drugs and Pharma Ltd

A public limited company listed at Bombay Stock Exchange and National Stock Exchange of India Limited achieved a turnover of INR10691.90 Million for year ended March 31, 2010. Ankur is extensively engaged in the manufacturing of pharmaceutical formulation since 1997, having multi location manufacturing units located at Daman [Union Territory] and Baddi [Himachal Pradesh]. The Company’s major expansion program with a view to cater to the international market has been validated for commissioning.

Our more than 400 different formulations of various dosage forms i.e. Tablets, Capsules, Dry Syrups, Liquid Orals, Injectables, Oinments, etc. are currently manufactured in Ankur’s multi location manufacturing facilities. Company has already received WHO GMP Certification for both Units at Himachal Pradesh.

Interest Rate: Ankur Drugs and Pharma Ltd Fixed Deposit Scheme

Scheme A:Quarterly Income Plan (Non-Cumulative)
Period (Year)	Minimum Amount (Rs.)	Rate of Interest (p.a.)
1	25,000	10.00 %
2	25,000	11.00 %
3	25,000	12.00 %

Scheme B: Cumulative Deposit Plan (Interest compounded Quarterly)
Period (Year)	Minimum Amount (Rs.)	Rate of Interest (p.a.)	Maturity Value (Rs.)	Yield (p.a)
1	25,000	10.00 %	27,595	10.38 %
2	25,000	11.00 %	31,060	12.12 %
3	25,000	12.00 %	35,644	14.19 %

0.25 % p.a. additional interest for senior citizens / Shareholders (subject to a minimum of 200 shares) / Employees of Ankur Drugs and Pharma Ltd. and its Indian Subsidiaries, if any.

Features of Ankur Drugs and Pharma Ltd Fixed Deposit Scheme:

Additional amount of deposits will be accepted in multiples of Rs. 1,000
Interest and maturity value payments are subject to deduction of tax at source, wherever applicable
Deposits will be accepted from Individuals, Minors (through Natural Guardians) and HUF’s
Interest will be calculated from the date of realization of cheque and will be rounded off to the nearest Rupee
The Company reserves the right to offer better terms, including interest and brokerage, for deposits of Rs. 10,00,000 & above
Payment of interest will be made through PDC, Interest Warrant or Electronic Clearing System (ECS)

Managers & Brokers to the Scheme: