For the complete report, get in touch with us at : info@netscribes.com Netscribes (India) Pvt. Ltd., a knowledge consulting solutions company, announces the launch of Medical Equipments – Company Profiles series that provides key information about the company’s operations, business model, SWOT analysis, financial analysis, competitive landscape/benchmarking among others. The report begins with the basic facts about the company such as contact details, revenues, competitors, brief history, line of business and geographic reach among others. Business model of the company describes the rationale of how it creates, delivers, and captures value through its services offered. Information about the company’s management side is also provided that details their names, designation, professional experiences, memberships of boards etc. Through SWOT analysis, the report highlights key internal factors that give the company advantage or disadvantage over its peers alongwith key external factors prevailing in the industry that may have favorable or unfavorable impact on the company’s operations. The report also covers the financial analysis of the company including the balance sheet, profit and loss a/c and key financial ratios depicting the company’s overall financial performance for the given financial year/s. Industry Analysis provides top level understanding of the Medical Equipments sector in India. Market size, growth, key segments, export\ import, growth drivers and trends are some of the foremost points covered in the analysis. The competitive landscape identifies key players of the industry drawing comparisons on parameters such as financial performance, service offerings along with brief descriptions about their line of businesses and operations. The company is benchmarked against its main competitors’ key financial ratios in the competitive benchmarking chapter.

1. MediRay HealthCare (P) Ltd.
October 2011

2. Contents
Executive Summary
Factsheet
Offices & Centres
Business Model
Key People
MediRay HealthCare (P) Ltd . SWOT Analysis
Financial Profile
Industry Analysis
Competitive Landscape
Competitive Benchmarking
Appendix
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3. Executive Summary
• MediRay HealthCare (P) Ltd. engages in manufacturing and providing services in the medical equipment
Company domain. It was found in 19‐‐ and is headquartered in A and has global presence also
Description • It supplies M, N, O, etc both domestically and internationally
• It manufactures medical equipments under various segments such as A, B, C, D, E and F
Business Model
• Strength 1 is one of its major strengths, however weakness 1 is one of the key areas of concern
• MediRay can reap significant benefits owing to opportunity 1 while threat 1 may have an adverse affect on
SWOT Analysis the strategic initiatives and growth prospects of the organization
• MediRay Healthcare (P) Ltd. generated total revenues of INR A mn in the fiscal year (FY) 20‐‐ registering a y‐
o‐y increase of x per cent. It earned a net profit of INR S mn in FY 20‐‐ as compared to a net profit of INR T
mn in FY 20‐‐
Financial Profile • The financial profile of the company includes the profit & loss a/c and the balance sheet depicting the key
financial figures for the years 20‐‐, 20‐‐, 20‐‐ and 20‐‐ along with an analysis of its key ratios that informs
about the financial health and capacity to run its operations
• Medical Equipments market is estimated at INR E bn in FY 20‐‐ and expected to grow at a CAGR of x per
cent to reach INR F bn in FY 20‐‐
• The Medical Equipments market is classified into segments such as G, H, I and J
• Imaging and Diagnostic Device market in India is estimated at INR K bn in FY 20‐‐ and is expected to grow at
Industry Analysis a CAGR of y per cent to reach INR L bn in FY 20‐‐
• The major imaging devices are M, N, O, P, Q
Competitive • Key competitors of MediRay Healthcare (P) Ltd. can be enlisted as: Competitor 1 and Competitor 2
Landscape
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4. Factsheet
Basic Information Brief Description
Industry ‐‐ • MediRay HealthCare (P) Ltd. (MediRay), a medical equipment
manufacturer and service provider was established in 19‐‐. It is
Corporate Address ‐‐ headquartered in C and has International offices in D, E and F
 ‐‐
 ‐‐
• The major domains of the company are G, H, I, J, K and L. It
Tel No. ‐‐
supplies M, N, O, etc both domestically and internationally
Website ‐‐
• It has over V satisfied clients both in T and U by supplying D, E, F,
Year Founded ‐‐ G and a number of other instruments
Year of Incorporation ‐‐ • The range of R, S, etc for T, U and V are approved by the X & Y
Ownership
Revenue
‐‐
‐‐
H and O
P LE
• MediRay is the first company to introduce P which are driven by
Fiscal Year End
Auditor
Competitors
‐‐
‐‐
‐‐
S AM
Brief History
Source: • 20‐‐:
4

5. Offices & Centres – India
LE
MP
S A
HQ Office
Presence
Note:
Source:
5

6. Offices & Centres – Global
LE
MP
Source:
S A Presence
Note:
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7. Business Model (1/2)
The company operates under four broad business categories:
MediRay Healthcare (P) Ltd.
Category 1 Category 2 Category 3 Category 4
‐‐ • ‐‐ ‐‐ ‐‐
• ‐‐
• ‐‐
P LE
S AM
Source:
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8. Key People
Director Shareholders of the Company
Mr. X Name No. of Shares held
Director
Age : ‐‐ ‐‐ ‐‐
Since: ‐‐‐‐
‐‐ ‐‐
Current Position: • ‐‐
‐‐ ‐‐
Professional History: • ‐‐
Qualification: • ‐‐ ‐‐ ‐‐
Others: • ‐‐ ‐‐ ‐‐
Other Key Members Ownership Structure
Name Designation Age Date of Total Paid‐up Capital INR A
Appointment Number of Shareholders ‐
‐‐ ‐‐ ‐‐ ‐‐
Shareholding Pattern
LE
P
‐‐ ‐‐ ‐‐ ‐‐ M
M
‐‐ ‐‐ ‐‐ ‐‐
A
a
Source:
S Note:
8

9. SWOT Analysis (1/2)
Strengths Weakness
• Strength 1 • Weakness 1
• Strength 2 • Weakness 2
Internal
Factors
LE
MP
S A
Source:
9

10. SWOT Analysis (2/2)
Opportunities Threats
• Opportunity 1 • Threat 1
• Threat 2
• Opportunity 2
LE External
Factors
MP
S A
Source:
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11. Financial Profile
Financial Snapshot Profit & Loss Statement
M N
LE Particulars 2008 2009 2010 2011
P
INR mn
8 G Operating Income ‐ ‐ ‐ ‐
6
4
S AM C
E
Non Operating
Income
Total Income
‐
‐
‐
‐
‐
‐
‐
‐
2 Operating expenses ‐ ‐ ‐ ‐
A B D F H
0 Interest Expenses ‐ ‐ ‐ ‐
20‐‐ 20‐‐ 20‐‐ 20‐‐
Other Expenditure ‐ ‐ ‐ ‐
Financial Summary Total Expenditure ‐ ‐ ‐ ‐
• Analysis Point 1
• Analysis Point 2 Earning before
Interest & Taxes ‐ ‐ ‐ ‐
• Analysis Point 3 (EBIT)
• Analysis Point 4
Profit/(Loss) before
‐ ‐ ‐ ‐
Tax
Profit/(Loss) after
‐ ‐ ‐ ‐
Tax
Source: Note:
11

12. Ratio Analysis
Key Ratios Key Ratio Analysis
y‐o‐y • Analysis Point 1
Particulars change 2011 2010 2009 2008
(2011‐10)
Profitability Ratios ‐ ‐ ‐ ‐ ‐ • Analysis Point 2
E
Operating Margin ‐ ‐ ‐ ‐ ‐
L
Net Margin ‐ ‐ ‐ ‐ ‐
P
Profit Before Tax Margin ‐ ‐ ‐ ‐ ‐ • Analysis Point 3
Return on Equity ‐ ‐ ‐ ‐ ‐
M
Return on Capital Employed ‐ ‐ ‐ ‐ ‐
A
Return on Working Capital ‐ ‐ ‐ ‐ ‐ • Analysis Point 4
S
Return on Assets ‐ ‐ ‐ ‐ ‐
Return on Fixed Assets ‐ ‐ ‐ ‐ ‐
Cost Ratios ‐ ‐ ‐ ‐ ‐ • Analysis Point 5
Operating costs ‐ ‐ ‐ ‐ ‐
Administration costs ‐ ‐ ‐ ‐ ‐
Interest costs ‐ ‐ ‐ ‐ ‐ • Analysis Point 6
Liquidity Ratios ‐ ‐ ‐ ‐ ‐
Current Ratio ‐ ‐ ‐ ‐ ‐
Cash Ratio ‐ ‐ ‐ ‐ ‐ • Analysis Point 7
Leverage Ratios ‐ ‐ ‐ ‐ ‐
Debt to Equity Ratio ‐ ‐ ‐ ‐ ‐
Debt to Capital Ratio ‐ ‐ ‐ ‐ ‐
Interest Coverage Ratio ‐ ‐ ‐ ‐ ‐
Efficiency Ratios ‐ ‐ ‐ ‐ ‐
Fixed Asset Turnover ‐ ‐ ‐ ‐ ‐
Asset Turnover ‐ ‐ ‐ ‐ ‐
Current Asset Turnover ‐ ‐ ‐ ‐ ‐
Working Capital Turnover ‐ ‐ ‐ ‐ ‐
Capital Employed Turnover ‐ ‐ ‐ ‐ ‐
Note:
Source: Improved Decline
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13. Annual Financial Ratios
Profitability Ratios
15 20
15
10
10
5
5
0
2008 2009 2010 2011
P
0
2008
LE
2009 2010 2011
20
10 S AM 50
40
0 30
2008 2009 2010 2011
‐10 20
‐20 10
‐30 0
2008 2009 2010 2011
Source:
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14. Industry Analysis
Medical Equipment Industry – Overview Market Size & Growth (20‐‐ ‐20‐‐e)
• The Medical Equipment market is estimated at INR A bn in FY
20‐‐ and expected to grow at a CAGR of x per cent to reach INR B INR bn
bn by FY 20‐‐
100 G
• This market can be classified into segments such as C, D, E and F x% F
• Indian medical equipment market imports y per cent of its 80 E
medical equipments from countries such as M, N, O, P D
60 C
B
• Major trends observed in the medical equipment market are:
A
 40
LE
Trend 1
 Trend 2
 Trend 3 20


Trend 4
M
Trend 5
P
• Some of the key drivers of the medical equipment market are:
0
20‐‐ 20‐‐ 20‐‐e 20‐‐e 20‐‐e 20‐‐e 20‐‐e
SA
 Driver 1
 Driver 2
 Driver 3
Market Segmentation (FY 20‐‐)
 Driver 4
 Driver 5 a%
• Some of the Government initiatives towards the Medical d%
equipment market were: M
 Point 1 N
 Point 2 O
b% P
c%
Source:
14

15. Industry Analysis
Imaging and Diagnostic Device Market – Overview Market Size & Growth (20‐‐ ‐20‐‐e)
• The Imaging and Diagnostic device market in India is estimated
at INR P bn in FY 20‐‐ and is expected to grow at a CAGR of y per
INR bn
cent to reach INR Q bn by FY 20‐‐
60 p% Y
• Major segments of Imaging devices include: X
 Segment 1
W
40 V
U
 Segment 2
S T
LE
 Segment 3 20
 Segment 4
MP
 Segment 5
• Some of the trends observed in the Imaging Devices market are:
0
20‐‐ 20‐‐ 20‐‐e 20‐‐e 20‐‐e 20‐‐e 20‐‐e
SA
 Trend 1
 Trend 2
Import‐Export Pattern of Major Imaging Devices
 Trend 3 (20‐‐)
 Trend 4
INR mn Y
H Z
4,000
3,500
3,000
D
2,500 12%
49%
2,000
1,500
1,000
G I M
500 F J L
E K
0
Segment 1 Segment 2 Segment 3 Segment 4 Segment 5
Source:
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16. Competitive Landscape (1/3)
Company Name Description
Company 1 • ‐‐
• ‐‐
• ‐‐
• ‐‐
Company 2 • ‐‐
• ‐‐
• ‐‐
LE
• ‐‐
MP
Company 3 • ‐‐
• ‐‐
• ‐‐
• ‐‐
S A
Source:
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17. Competitive Landscape (3/3)
Competitive Scenario
Company
Adonis Medion MediRay NiDEK Recorders Shimadzu Trivitron Vision
Name
Financial Information (INR mn – FY 2010)
Total
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Revenue
Net
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Profit/(loss)
Major Market Segmentation (Medical Equipments)
Medical
Equipments:
Ultrasound
Imaging        
OT Surgery
Equipment        
Medical X –
Ray Machines        
ECG
Machines        
Ventilators        
Doppler        
Patient
Monitoring        
Source: SAMPLE H: High; L: Low; M: Medium Offered 
 Not Offered
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18. Competitive Benchmarking (1/2)
Key Financial Ratios – FY 2010 (1/2)
% Y F
10 M Q R
N P
0 • Analysis Point 1
‐10 • Analysis Point 2
LE
‐20
O
‐30
P
A B C
M
I J
%
SA
S
20 W X
U
0
• Analysis Point 3
‐20
T • Analysis Point 4
‐40
‐60 V
A B C
%
K
150 Z
Y H
100
• Analysis Point 5
50 • Analysiss Point 6
0
A B C
Source:
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19. Thank you for the attention
MediRay Healthcare (P) Ltd. is a part of Netscribes’ Healthcare Company Profile Series.
For more detailed information or customized research requirements please contact:
Gagan Uppal Jitendra Punjabi
Phone: +91 22 4098 7530 Phone: +91 33 4064 6215
E‐Mail: gagan.uppal@netscribes.com E‐Mail: jitendra.punjabi@netscribes.com
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