About Danke Electricals Limited
Data last updated:
Danke Electricals Limited was a public limited company based in Vadodara, Gujarat, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 12 January 1995.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31100GJ1995PLC024181. Its GSTIN is 24AAACD6473B1Z2 (Gujarat). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹8.15 Cr and a paid-up capital of ₹8.07 Cr. It was formerly known as Danke Electricals Private Limited. It was led by directors including Amit Narendrakumar Patel (Whole-Time Director) and Mayankbhai Shashikantbhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 776 To 779 G I D Cwaghodia Dist, Vadodara, Gujarat, India.
As per the financials filed for FY 2016, the company reported a revenue of ₹12.21 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net loss of ₹1.48 Cr (net margin -12.2%) and EBITDA of ₹3.59 Cr (EBITDA margin 29.4%).
The company had about 49 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹188.5 Cr and satisfied charges of ₹176.01 Cr on record. Court records list 19 cases involving the company, including 9 filed by the company and 11 filed against it; 2 cases are pending.
The last known website on record is dankepower.com.
Company details
Contact details
Danke Electricals Limited's registered office is in Vadodara, Gujarat. Its website is dankepower.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address776 To 779 G I D Cwaghodia Dist, Vadodara, Gujarat, India
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Danke Electricals Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Danke Electricals is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Danke Electricals Limited, buy the company report.
Financials of Danke Electricals Limited
FY 2016 filings availableDanke Electricals Limited reported revenue of ₹12.21 Cr (down 20% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 20% in the latest year. EBITDA fell 39% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹12.21 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹3.59 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹1.48 Cr | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 29.4% | |
| Net Profit Margin | -12.2% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Danke Electricals Limited, buy the company report.
Board of directors of Danke Electricals Limited
Danke Electricals has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mayankbhai Shashikantbhai Patel Also directs: Pacifica Grande Developers LLP, Harikrishna Infra Developers LLP, Mcu Mediatag LLP and 5 more | Director | 01 Apr 2012 | 14 Years 7 Months | As last reported |
| Hirenbhai Shashikant Patel | Director | 01 Apr 2012 | 14 Years 7 Months | As last reported |
| Amit Narendrakumar Patel | Whole-Time Director | 25 Sep 2003 | 23 Years 1 Months | As last reported |
Peer comparison
Danke Electricals Limited is compared with the 3 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Danke Electricals Limitedthis company | ₹12.21 Cr (FY 2016) | -₹1.48 Cr | -12.2% | -20.0% | Vadodara, Gujarat, India | |
| Advanced Power Sources Limited | ₹12.21 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India | |||
| Jindal Systems Private Limited | ₹12.19 Cr (FY 2024) | -8.0% | Dharsiwa, Chhattisgarh, India | |||
| Arvi Systems & Controls Private Limited | ₹12.19 Cr (FY 2024) | 7.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Danke Electricals Limited, buy the company report.
Auditor
Danke Electricals Limited is audited by M J M PATEL & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M J M PATEL & CO | FY 2016 | 112246W |
Shareholding
The shareholding of Danke Electricals Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Danke Electricals Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Apr 2017 | 100130834 | State Bank of India | ₹43.5 Cr | Open | |
| 15 Jul 2014 | 10513674 | State Bank of India | ₹23 Cr | Open | |
| 21 Jan 2011 | 10264969 | Allahabad Bank | ₹16.5 Cr | Open | |
| 27 Jul 2010 | 10234403 | State Bank of India | ₹43.5 Cr | Open | |
| 07 Jan 2004 | 90111719 | Indian Overseas Bank | ₹31 Cr | Open |
To see the full charge records of Danke Electricals Limited, buy the company report.
Total charge records: 34 View all charges
Legal cases
Danke Electricals Limited has 19 court cases on record: 9 filed by Danke Electricals, 11 filed against it. 2 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 4 | 0 |
| District courts | 8 | 6 | 1 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 0 | 1 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Amit Narendra Patel Ex-Director, Danke Electricals Ltd. Flat No. 302, Harsh Complex, Opp. Tube Company, O.P. Road, Vadodara ,Vadodara , Gujarat | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed by the company against Sunil Kumar Kabra Resolution Professional Danke Electricals Ltd. JL Us and Co. M-19, Metro Tower, NR. Kinnari Cinema, Ring Road, Surat ,Surat , Gujarat and 1 other | Disposed |
| High Court of Gujarat | Special civil application | Filed against the company by Resurgent Power Projects Ltd | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed against the company by Jyoti Power Corporation Private Ltd(Previously Known As Jyot | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by M-S.Kryfs Power Components Ltd. | Disposed |
To see the full case history of Danke Electricals Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Danke Electricals Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Danke Electricals has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACD6473B1Z2 | Gujarat | Active | 01 Jul 2017 |
| 24AAACD6473B2Z1 | Gujarat | Active | 30 Apr 2020 |
To see the full GST registrations and return filing status of Danke Electricals Limited, buy the company report.
Recent activity
Danke Electricals Limited has 9 board changes on record since 2003: 3 appointments and 6 cessations. The latest: Hirenbhai Shashikant Patel ceased to be Additional Director on 29 Sep 2012.
77 earlier events are in the company report.
Frequently asked questions
Danke Electricals has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Danke Electricals was a public limited company based in Vadodara, Gujarat, India. The company worked in power equipment manufacturers, within the energy and power industry. It was incorporated on 12 January 1995 and is registered under CIN U31100GJ1995PLC024181. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Danke Electricals was incorporated on 12 January 1995. It is registered with the Registrar of Companies, Ahmedabad.
Danke Electricals had 3 directors:
- Amit Narendrakumar Patel - Whole-Time Director
- Mayankbhai Shashikantbhai Patel - Director
- Hirenbhai Shashikant Patel - Director
The CIN (Corporate Identification Number) of Danke Electricals is U31100GJ1995PLC024181. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Danke Electricals is at 776 To 779 G I D Cwaghodia Dist, Vadodara, Gujarat, India.
Danke Electricals can be reached through the website dankepower.com. Its registered office is in Vadodara, Gujarat, India.
The latest financial statements of Danke Electricals on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The GSTIN of Danke Electricals is 24AAACD6473B1Z2, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAACD6473B2Z1 (Gujarat).
Danke Electricals operated in the energy and power industry, in the power equipment manufacturers segment.
The peers of Danke Electricals by revenue are Advanced Power Sources Limited, Jindal Systems Private Limited, Arvi Systems & Controls Private Limited, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
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