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Issue Date:26 June 2017     Price in Rs. R 6500    Price in USD. $ 100
    

Kanam is one of the leading player in the surgical and examination gloves business segment. It has a diverse product portfolio, catering to all the needs of the industry. It is in fact the market leader in this business

The company, which started in 1986, has a state-of-the art latex glove manufacturing facility, which has the capacity to produce more than 300 million pairs of gloves per year, manufacturing both pre-powdered and powder-free surgical and examination gloves.

Besides being a leader in India, it also has significatne exports, exporting to many countries across multiple continets. Its key export markets are - USA, South Africa, European Union (Germany, Holland, Denmark, Spain, Belgium, Italy Getc.), Africa, Middle-East and South-East Asia.

Quality Standards
A pair of surgical glove, needs to give an extra sense of security to the user as well as the comfort. Additionally, providing no allergies to the users. It's like a protective skin. Thus Kanam follows very stringent quality control paramters (outlined below). DUe to this, the company has earned many well-known certificates like ISO 9001-2000 Certificate (with additional requirements of ISO 13485), CE Certification, Registration with U.S.F.D.A (510K) and ISI Certification

Quality Parameters
Quality benchmarks used by the company are:

  • Barrier properties
  • Bio burden level on gloves
  • Bacterial endotoxin levels
  • Moisture content on gloves
  • Toxicity
  • Rubber chemical residue
  • Leaching and quality of water used
  • Extractable latex protein
  • Quality and quantity of donning powder
  • Packing material and packing system
  • Sterilization process and sterility assurance

Products
Company product range is as follows

  • Sterile Latex Surgical Gloves - Powdered and Powder Free
  • Sterile Non-Latex Surgical Gloves
  • Sterile Latex Examination Gloves - Powdered and Powder Free
  • Non Sterile Nitrile Examination Gloves
  • Non-Sterile Latex Examination Gloves - Powdered and Powder Free

Manufacturing
Company has two state-of-the-art plants in Tamil Nadu (India). Both of them are based on GMP guidelines for the manufacturing of medical device, ensures that gloves are uncontaminated with a 'Low Bio Burden'.

Financials
In the FY2016, it clocked the total revenue of over Rs. 240 crore with operating profit amounting to nearly Rs. 62 crore. Other income was Rs. 7.4 crore. With Interest and Depreciation at Rs. 2.5 crore and Rs. 2 crore respectively, PBT was Rs. 65 crore. PAT was around Rs. 43.5 crore. Total debt in FY16 stood at little over Rs. 23 crore.

  1. Company Background
  2. Business Highlights
  3. Financial Performance
  4. Financial Details

 

  1. Board of Directors
  2. Financial Summary
  3. Profit & Loss Account
  4. Balance Sheet
  5. Ratios

 

Kanam Latex Industries Pvt Ltd