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The volatility and uncertainty in the financial environment was exceptionally high and led to sharp fluctuations in the foreign currency rate; However, the Indian pharmaceutical industry does not seems to get affected by this economic recession and is called recession proof industry. EMERGING TRENDS: The global pharmaceutical market grew by 5.1% to reach US$ 726 billions in 2008. The developed markets, North America, Europe and Japan continued to remain the key markets, accounting 85% of the global sales while North America grew by 1.5% to reach US$ 312 billions Europe grew by 6.2% to reach US$ 242 billions and Japan grew by 4.4% to reach US$ 65 billions. However, the emerging markets like Brazil, Mexico, Asia, Africa and Australia grew by 15% to clock US$ 72 billions sales. INDIAN PHARMACEUITICAL INDUSTRY: The Indian pharmaceutical market has registered an annual growth of 9.8%. The emergence of an organised pharmaceutical retail segment, fast growing farm phentermine viagra xanax medical insurance cover, higher volume of consumption led by economic growth, providing affordability of pharmaceutical hydrocodone prescription cod overnight delivery products and awareness of modern medicines are the leading factors for the growth. This trend is likely to continue for sometime with respect to Indian market. Indian buy online com phentermine viagra market is expected to grow beyond US$ 25 billions by the year, 2020.

The exports from Indian pharmaceutical industry have also continued its upward trend. However, during the year the Indian industry has faced a few observations on regulatory affairs from US-FDA against a few leading players hence the Indian industry would have to address this phenomenon carefully by strengthening its documentation system. The emerging markets such as China, Brazil, Mexico, South Korea, India, Turkey and Russia continue to grow upwards and this provides opportunity for Indian hydrocodone prescription cod overnight delivery players to look for future growth. BUSINESS OPERATIONS: The year 2008-09 has been a significant milestone for Bal Pharma hydrocodone prescription cod overnight delivery Limited as the over all turn over crossed Rs.100 Crores. This puts Bal Pharma amongst the few in the industry.

Your Company has achieved an over all turnover of Rs.106.67 Crores as against Rs.90.93 Crores during the past year thus registering a growth Col of hydrocodone prescription cod overnight delivery 17.31% on the top line.

Despite the increase in top line, the net profit after tax increased negligibly from Rs.

2.99 Crores on account of commissioning of the Uttarakhand plant to commercials production from 1st January, 2009. Your Management intends to take full advantage of the momentum of growth in spite of the slow down in the current economic scenario of the hydrocodone prescription cod apap hydrocodone online pharmacy overnight delivery world and it is confident that it would strive to increase the volume of the business with the additional capacities set up.

Your Company's branded formulations business mainly consisting of Diabetic and Cardiac Products made a turn over of Rs. Efforts are being infused relentlessly to increase the market share in North India. The Ayurvedic Division has made a marginal growth of 10% by increasing turn over to Rs.



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