Strands Salons Private Limited
About Strands Salons Private Limited
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Strands Salons Private Limited is a private limited company based in Chandigarh, India. It operates in the beauty salons and wellness spas segment of the health and wellness sector. It was incorporated on 19 April 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U74999CH2007PTC030780. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹6 Lakh. It was formerly known as Deevs Fashion Studios Private Limited. It is led by directors Jasbir Singh and Ritu Deevs.
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 Sco423 – 423 Top Floor Sector 35 – C, Chandigarh, India – 160035.
As per the financials filed for FY 2016, the company reported a revenue of ₹5.73 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹26.02 Lakh (net margin 4.5%) and EBITDA of ₹58.11 Lakh (EBITDA margin 10.1%).
As per MCA filings, the company has open charges of ₹95 Lakh and satisfied charges of ₹1.83 Cr on record. Court records list 17 cases involving the company, including 2 filed by the company and 15 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Strands Salons Private Limited's registered office is in Chandigarh, Chandigarh. Its e-mail address is in the company report.
- Email
- Registered AddressSco423 – 423 Top Floor Sector 35 – C, Chandigarh, India – 160035
- IndustryHealth and Wellness Services, Beauty Salons & Wellness Spas
To see the full contact details of Strands Salons 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
Business activity
The main business activity of Strands Salons is personal and household service. In detail, this covers washing and cleaning of textile and fur products, hair dressing and other beauty treatment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| S | Personal and Household service | S3 | Washing and cleaning of textile and fur products, Hair dressing and other beauty treatment |
To see the full business activity and turnover split of Strands Salons Private Limited, buy the company report.
Financials of Strands Salons Private Limited
FY 2016 filings availableStrands Salons Private Limited reported revenue of ₹5.73 Cr (up 37% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 37% in the latest year. EBITDA fell 31% 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 | ₹5.73 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹58.11 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹26.02 Lakh | |
| 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 | 10.1% | |
| Net Profit Margin | 4.5% | |
| 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 Strands Salons Private Limited, buy the company report.
Board of directors of Strands Salons Private Limited
Strands Salons has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jasbir Singh Also directs: Strands Franchise and Marketing LLP | Additional Director | 19 Jan 2012 | 14 Years 9 Months | Current |
| Ritu Deevs | Additional Director | 01 Oct 2011 | 15 Years 0 Months | Current |
Peer comparison
Strands Salons Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Services industry (Beauty Salons and Spas), with the same principal business activity (washing and cleaning of textile and fur products, hair dressing and other beauty treatment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sai Beauty & Healthcare Private Limited | ₹6.19 Cr (FY 2025) | -23.0% | Ranchi, Jharkhand, India | |||
| Headmasters Ludhiana Salons & Spa Private Limited | ₹5.94 Cr (FY 2025) | 12.0% | Ludhiana, Punjab, India | |||
| Strands Salons Private Limitedthis company | ₹5.73 Cr (FY 2016) | ₹26.02 Lakh | 4.5% | 37.0% | Chandigarh, India | |
| Advance Beauty Clinic Private Limited | ₹5.1 Cr (FY 2025) | 50.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Strands Salons Private Limited, buy the company report.
Auditor
Strands Salons Private Limited is audited by VINOD ATUL & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VINOD ATUL & ASSOCIATES | FY 2016 | 017382N |
Shareholding
The shareholding of Strands Salons Private 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 Strands Salons Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2017 | 100074659 | Syndicate Bank | ₹95 Lakh | Satisfied | |
| 27 Mar 2010 | 10254550 | Punjab National Bank | ₹53 Lakh | Satisfied | |
| 22 Jul 2009 | 10174369 | Punjab National Bank | ₹10 Lakh | Satisfied | |
| 22 Jul 2009 | 10174370 | Punjab National Bank | ₹25 Lakh | Satisfied |
To see the full charge records of Strands Salons Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Strands Salons Private Limited has 17 court cases on record: 2 filed by Strands Salons, 15 filed against it. 2 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 15 | 2 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Civil suit | Filed against the company by Tata Capital Financial Services Ltd. | Disposed |
| District court, Chandigarh | Arbitration matter | Filed against the company by Tata Capital Financial Services Ltd | Disposed |
| District court, Central, Delhi | Arbitration matter | Filed against the company by Tata Capital Financial Services Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Reliance Broadcast Network Ltd | Disposed |
| District court, Ambala, Haryana | Court case (Summ) | Filed against the company by State of Haryana Through Labour Inspector | Pending |
To see the full case history of Strands Salons 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 Strands Salons Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Strands Salons has 4 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 Strands Salons Private Limited, buy the company report.
Recent activity
Strands Salons Private Limited has 5 board changes on record since 2009: 2 appointments and 3 cessations. The latest: Jasbir Singh was appointed as Additional Director on 19 Jan 2012.
4 earlier events are in the company report.
Frequently asked questions
Strands Salons is an active private limited company based in Chandigarh, India. The company works in beauty salons and wellness spas, within the health and wellness services industry. It was incorporated on 19 April 2007 (19+ years old) and is registered under CIN U74999CH2007PTC030780.
Strands Salons has 2 current directors:
- Jasbir Singh - Additional Director
- Ritu Deevs - Additional Director
The latest financial statements of Strands Salons 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.
No. Strands Salons has 4 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Strands Salons is U74999CH2007PTC030780. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Strands Salons has 17 court cases on record: 2 filed by the company and 15 filed against it. 2 are pending. Most are in the district courts.
Strands Salons was incorporated on 19 April 2007, making it 19+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Strands Salons by revenue are Sai Beauty & Healthcare Private Limited, Headmasters Ludhiana Salons & Spa Private Limited, Advance Beauty Clinic Private Limited, all in the Consumer Services industry (Beauty Salons and Spas), with the same principal business activity (washing and cleaning of textile and fur products, hair dressing and other beauty treatment).
Jasbir Singh was appointed as Additional Director on 19 Jan 2012. Naunihal Singh ceased to be Director on 19 Jan 2012. Dharam Vir Singh ceased to be Additional Director on 01 Oct 2011. Strands Salons has 5 board changes on record in total.
The registered office of Strands Salons is at Sco423 – 423 Top Floor Sector 35 – C, Chandigarh, India – 160035.
Strands Salons operates in the health and wellness services industry, in the beauty salons and wellness spas segment.