Company History: The Company was incorporated in the name and style of BRUSHMAN (INDIA)PRIVATE LIMITED under the Companies Act 1956 as a private limitedCompany on 25th January 1993 issued by the Registrar of Companies Delhi & Haryana. The Company became a public limited company on 16thNovember 1994.PRESENT BUSINESS OF THE COMPANY
BIL is the largest manufacturer of paint brushes in India. BRUSHMANbrand of paint brushes are the only brushes available on a nation wideplatform and is the largest selling singular brand of paint brush.Apart from paint brushes BIL is also into manufacture of artistbrushes wire brushes paint rollers & putty knives.
The Company is now putting up an integrated manufacturing plant inPantnagar Uttranchal to manufacture paint brushers wire brushes artist brushes and hair brushes. It is noteworthy that DenmanInternational Ltd. U.K. who are the World's largest manufacturer ofhair brushes and who have also invested in the equity of BIL aregiving free technical know-how to manufacture hair brushes and around34 qualities of hair brushes/combs which shall be manufactured by BILat the Pantnagar plant shall be exported to Denman International Ltd.For their global markets.
The land for the new plant was acquired in October 2005 andconstruction work is in full swing. The company expects production tocommence by December 2006.
It may be added that the Company shall enjoy all fiscal benefitsgranted by the Central Govt. for setting up the plant in Pantnagar Uttranchal.
2. HAIR CARE PRODUCTS
Denman International Limited UK
BIL made it first foray into cosmetic products in 1996 with a strategicdistribution alliance with Denman International Ltd UK to market therenowned `Denman' range of hair brushes in India and the SAARC region.
Denman International Limited (DIL) is a subsidiary of Denroy Group established in 1972. DIL is the UK's largest manufacturer and supplierof hairbrushes and hair accessories which are exported to more than 72countries worldwide. The company works in partnership with othercompanies from the hairdressing industry and has a reputation fordeveloping innovative products. Most of the worldwide patents forhairbrushes are IPR of DIL.
DIL is now entering into a manufacturing agreement with Brushman whichgives BIL the manufacturing right to make select `Denman' products inIndia on a licence basis. 34 varieties of combs/brushes have beenidentified and original Denman tooling is in India for commencingexports to Denman. BIL plans to set up the manufacturing facility atPantnagar (Uttaranchal)
Sales Network for Denman products in India is largely retail oriented.Some ranges of `Denman' hairbrushes are exclusively meant for thesalons which are routed through the Professional Salon network.
DIL has invested in 8 25 000 equity shares of Brushman India) Limited which were allotted on preferential basis U/S 81(1A) on 28.09.2005.Keune Hair Cosmetics Exports B.V Holland
In 2001 after developing a Retail/Salon Distribution Network BILentered into distribution agreement with Keune Haircosmetics B.V. Holland.
Keune a family owned Dutch company develops and manufacturesexclusive hair cosmetics since 1922. It has an image of credibilitybased on more than 80 years of experience and possesses one of the bestresearch laboratories in Europe. Keune has a wide range of productsincluding Tinta Colors consisting of 78 Color Shades Shampoos Conditioners Gels Mousses Hairsprays treatment line of lotions fordandruff falling hair dry hair etc.
For Keune products the marketing network is primarily the Professionalchannel comprising of salons and beauty parlours.
Keune Hair Cosmetics B.V. Holland has invested in 7 00 000 equityshares of Brushman India) Limited which were allotted on preferentialbasis U/S 81(1A) on 28.09.2005.
