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Showing posts with the label radiology

Choksi Imaging

The company is in the business of manufacturing photo-sensitised materials (X-Ray Films and Accessories) and supplying of other related products for the healthcare industry – particularly for hospitals and diagnostics centres. The company has reported profits in each of its last five years with about 7 crores of operating profits on 168 crores of revenues in the last financial year.  However, it has a relatively high level of net borrowings amounting to over 25 crores (as at 31 st March, 2011) exposing it to not insignificant downside risks should the business encounter operational bumps along the road. The company also has a relatively high investment in working capital resulting in cash outflows from operations – with cash tied up in inventories and receivables. It apparently has a large distribution network across India enabling it to gauge customer demand and supply them effectively. The company faces a significant business risk in the long-term obsolescence of X-ray technolo