Operating Environment and Industry-Specific Challenges
The majority of our revenues come from sale of all Hospital Related Products including Medicines, Surgical Items, Furniture and all Kind of equipments. The Hospital Items industry is competitive and requires us to address a number of industry-specific challenges, which can significantly impact the sales of our products. These factors include among others; the regulatory environment such as price control and, access pressures and increasing competition.
Governments and other payer groups continue to seek increasing discounts on pharmaceutical products through a variety of means such as leveraging their purchasing power, and demanding price cuts.
In addition to industry-specific factors, we, like other businesses, continue to face the effects of the weak economy. We believe that patients, experiencing the effects of the weak economy, including high unemployment levels; sometimes delaying treatments, skipping doses or using less effective treatments to reduce their costs.
Despite the challenging market condition, UA Enterprises maintains a strong financial position. We have a strong balance sheet and liquidity that we believe provide us with financial flexibility. As market conditions change, we continue to monitor our liquidity position. We continue to believe that we have the ability to meet our liquidity needs for the foreseeable future.
STAKEHOLDERS
Doctors
By delivering assured quality and by engaging in long term, win-win partnerships with them to help improve the standard of medical knowledge and the quality of patient care.
Patients
By our commitment that their quality of life is our most important concern.
Business Partners
With the conviction that with us, dealings will be fair and transparent, and commitments once made will always be honored.
Employees
With the knowledge that they work in a company that values them and believes strongly in human capital development, and gives them an environment where they are appraised and rewarded according to their respective KPIs. Employees for us are assets not Liabilities.
