About Daiki Brands Private Limited
Data last updated:
Daiki Brands Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Mahendran Holdings Private Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 13 May 2010.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51109MH2010PTC203104. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹49 Lakh. It is led by directors including Akshay Mahendran (Whole-Time Director) and Mahendran Arumugham.
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 is at Flat No 5 Bay View A G Khan Road Worli Seaface Worli, Mumbai, Maharashtra, India – 400030.
As per the financials filed for FY 2016, the company reported a revenue of ₹1.72 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net loss of ₹4.33 Cr (net margin -252.3%) and EBITDA of -₹2.57 Cr (EBITDA margin -149.3%).
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Daiki Brands. As per MCA filings, the company has open charges of ₹4 Cr and satisfied charges of ₹1.5 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it. The company has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹24 Lakh; the latest was in June 2012.
The last known website on record is daikibrands.com.
Company details
Contact details
Daiki Brands Private Limited's registered office is in Mumbai, Maharashtra. Its website is daikibrands.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressFlat No 5 Bay View A G Khan Road Worli Seaface Worli, Mumbai, Maharashtra, India – 400030
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Daiki Brands Private 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
Brands
Daiki Brands operates one associated brand: Daiki Brands. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers a direct-to-consumer brand of innerwear for men and women. | daikibrands.com |
Business activity
The main business activity of Daiki Brands is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Daiki Brands Private Limited, buy the company report.
Financials of Daiki Brands Private Limited
FY 2016 filings availableDaiki Brands Private Limited reported revenue of ₹1.72 Cr (down 40% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 40% in the latest year. EBITDA rose 51% 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 | ₹1.72 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹2.57 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹4.33 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 | -149.3% | |
| Net Profit Margin | -252.3% | |
| 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 Daiki Brands Private Limited, buy the company report.
Board of directors of Daiki Brands Private Limited
Daiki Brands has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akshay Mahendran Also directs: Ross Lifescience Limited, RLS Insecticides Private Limited, Goodlife Investments Limited and 5 more | Whole-Time Director | 13 May 2010 | 16 Years 5 Months | As last reported |
| Mahendran Arumugham Also directs: Ross Lifescience Limited, RLS Insecticides Private Limited, Goodlife Investments Limited and 4 more | Director | 01 Aug 2012 | 14 Years 2 Months | As last reported |
| Vaishnavi Mahendran Also directs: Goodlife Industries Limited, Blok Design Studio Private Limited | Director | 01 Nov 2011 | 14 Years 11 Months | As last reported |
| Mythili Mahendran Also directs: Goodlife Investments Limited, Mahendran Holdings Private Limited, RLS Financial Consultancy Services Private Limited and 5 more | Director | 13 May 2010 | 16 Years 5 Months | As last reported |
Auditor
Daiki Brands Private Limited is audited by K C V & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K C V & CO | FY 2016 | 138852W |
Shareholding
The shareholding of Daiki Brands Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Daiki Brands Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Feb 2015 | 10554010 | Kotak Mahindra Bank Limited | ₹4 Cr | Open | |
| 13 Apr 2012 | 10352999 | Axis Bank Limited | ₹1.5 Cr | Satisfied |
To see the full charge records of Daiki Brands Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Daiki Brands Private Limited has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹24 Lakh; the latest was in June 2012.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2012 | Funding round | Undisclosed | Investors: Brand Capital |
| Jun 2012 | Funding round | ₹24 Lakh | Investors: BCCL |
| Mar 2012 | Acquisition | ₹24 Lakh | Buyer: Mahendran Holdings Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Daiki Brands Private Limited has 8 court cases on record: 2 filed by Daiki Brands, 6 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| High courts | 4 | 2 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Interim or miscellaneous application | Filed against the company by M/S Executive Access India Pvt. Ltd. | Disposed |
| Bombay High Court | Court case (NMA) | Filed by the company against Percept H Private Limited | Disposed |
| Bombay High Court | Court case (APP) | Filed by the company against Percept H Private Limited | Disposed |
| District court, South, Delhi | Civil suit | Filed against the company by Ms Executive Access India Pvt. Ltd. | Disposed |
| Bombay High Court | Company petition | Filed against the company by Percept H Private Limited | Disposed |
To see the full case history of Daiki Brands Private 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 Daiki Brands Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Daiki Brands has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Daiki Brands Private Limited, buy the company report.
Recent activity
Daiki Brands Private Limited has 6 board changes on record since 2010: 4 appointments and 2 cessations. The latest: Mahendran Arumugham was appointed as Director on 01 Aug 2012.
Frequently asked questions
Daiki Brands is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Daiki Brands is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 13 May 2010 and is registered under CIN U51109MH2010PTC203104. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Daiki Brands has 4 current directors:
- Akshay Mahendran - Whole-Time Director
- Mahendran Arumugham - Director
- Vaishnavi Mahendran - Director
- Mythili Mahendran - Director
The latest financial statements of Daiki Brands 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 CIN (Corporate Identification Number) of Daiki Brands is U51109MH2010PTC203104. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Daiki Brands has open charges of ₹4 Cr and satisfied charges of ₹1.5 Cr as per latest MCA filings.
Daiki Brands has 8 court cases on record: 2 filed by the company and 6 filed against it. Most are in the district courts.
Daiki Brands was incorporated on 13 May 2010. It is registered with the Registrar of Companies, Mumbai.
Daiki Brands has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹24 Lakh; the latest was in June 2012.
Mahendran Arumugham was appointed as Director on 01 Aug 2012. Vaishnavi Mahendran ceased to be Additional Director on 30 Jun 2012. Vaishnavi Mahendran was appointed as Director on 01 Nov 2011. Daiki Brands has 6 board changes on record in total.
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