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Brushman (India) Limited
Sector:Others Others - Miscella - Others
BSE:90061NSE:NABloomberg:BRUS@INReuters:BRUS.BO
Market Lot: 1Face Value: 10ISIN Demat: INE357C01012
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22-Nov-2010
Business Profile
Brushman (India) (BRUSHMAN) is one of the leading manufacturers of paintbrushes. It was incorporated on Jan. 25, 1993 and became a public limited company on Nov. 16, 1994.

The ISO 9001:2000 certified company is the largest manufacturer of paint brushes in India. Brushman is the single largest selling paint brush brand in India and is the only brand available nationwide. Apart from paint brushes, it is also into manufacture of artist brushes, wire brushes, paint rollers and putty knives. The manufacturing unit is located in New Delhi with an installed capacity of 9 million paint brushes as on March 31, 2007.

Marketing several other products in India and the SAARC countries, the company has formed business partnerships with Denman International for their Denman brand of hair brushes, the Keune Hair Cosmetics range of hair care products and accessories, Nvey beauty products, Wahl and Moser hair clippers, Valera hair dryers, Jaguar scissors, and Kiela salon chairs.

The company has recently introduced the Toni & Guy brand of hair care products and tied up with Dell Laboratories, USA, manufacturers of World famous Sally Hansen brand of nail care treatment and nail color products in a strategic distribution alliance for India. It has opened a total of nine Keune salons in Delhi, Gurgaon and Pune. A national network of 2,200 distributors and 1,000 sub-dealers market the Brushman products across the country.

The registered office is located at B-95/3, Phase I, Naraina Industrial Area, New Delhi-110028.



Financials
The company disclosed fall of 1.97% in standalone net profit on y-o-y basis to Rs 11.38 million, while total income dropped 52.05% y-o-y basis to Rs 36.36 million for the quarter ended September 2010.

Future Plans
The company has embarked on an expansion plan and is setting up a plant at Pantnagar in Uttarakhand to manufacture paint brushes, hair brushes, combs, household brushes and wire brushes with technical inputs from Denman International, UK. The plant is expected to commence production by September 2007.

In Brief

 
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