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Sangam Health Care Products Limited
Sector:Others Others - Miscella - Others
BSE:31625NSE:NABloomberg:SHCPR@INReuters:NA
Market Lot: 1Face Value: 10ISIN Demat: INE431E01011
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26-Dec-2008
Business Profile
Sangam Health Care Products (SANHP) is engaged in manufacturing and marketing medical disposable devices. It was incorporated on Dec. 31, 1993 and went public on Dec. 31, 1996. The company is a joint venture between the Patil Group Of Industries And Boin Medica Company of South Korea, one of the largest manufacturers and global supplier of medical disposables and surgical products. The Patil group has diversified business activities including trading in agricultural products, cement spun pipes, pre-stressed and reinforced cement concrete poles and sleepers, healthcare, and railway track engineering. Patil Rail Infrastructure is another group company.

The ISO 9001:2000 certified company offers WHO GMP certified medical disposables including intravenous (IV), measured volume, blood transfusion, and the Safti Ultra guard infusion sets; hypodermic needles; syringes; and urine bags. Registered with DGS&D, it has obtained the CE certificate and has its plant located near Hyderabad in Andhra Pradesh with installed capacities of 40 million IV sets and 135 million needles.

Focus is on institutional business where the company has been a regular supplier to state governments of Karnataka, Maharashtra, Tamil Nadu, and New Delhi. It has also been supplying to various public sector undertakings like Vizag Steel Plant and Singarem Collieries Company through its marketing team comprising of 70 professionals and a very strong distribution and re-distribution network spread across the country. Presently, exports are routed to Saudi Arabia, Denmark, France, Ukraine, Netherlands, Kazakhstan, and Africa among other countries. Products have been registered with the government bodies of these countries.

The registered office is at 205&206, Amarchand Sharma Cmplex, Sardar Patel Road, Secunderabad-500002, Andhra Pradesh.


Financials
Sangam Health Care Products swung to a loss for the quarter ended September 2008. During the quarter, the company reported a loss of Rs 2.66 million compared with a profit of Rs 1.79 million in the same quarter last year.
Net sales for the quarter declined to Rs -66 million from Rs 55.99 million , and total income declined to Rs -66.31 million from Rs 56.3 million, when compared with the prior year period.
The company posted earnings of Rs 0.18 a share during the quarter, registering 50% growth over prior year period.

In Brief

 
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