Home  »  Company  »  Daikaffil Chemicals India Ltd.  »  Quotes  »  Company History
Enter the first few characters of Company and click 'Go'

Daikaffil Chemicals India Ltd. Company History and Annual Growth Details

Daikaffil Chemicals India Pvt. Ltd. (Daikaffil) was incorporated on 19th June 1992, by taking over a partnership concern M/s. A. J.Chemical Industries belonging to the Indian promoters, Mr. J. G. Patel and Mr. Amit Patel. The partnership was in existence since October 1979. Immediately after its incorporation, Daikaffil acquired all the assets and liabilities of A. J. Chemicals at the book value and allotted equity shares on 25th November 1992 for a total value of Rs.24,29,000 as consideration. The Company entered into a financial cum technical support arrangement
with Daika (Japan) Limited, a leading Japanese trading house.

The financial participation and technical support arrangement with Daika (Japan) had received approval from the Secretariat of Industrial Approvals, Ministry of Industry, Government of India, in October 1992 and Daika (Japan) contributed 49% of the initial capital of Rs.50 lacs. Additionally, Daika (Japan) entered into an MOU with Daikaffil for buy back of its entire production, after approval, for the next ten years. The Company thus set up a unit for manufacture of Di-nitro Stilbene (DNS) with a capacity of 120 tpa. The unit commenced commercial production in January 1993 and has already produced 160 tons of DNS as of 31st December 1994. This has been exported to Daika (Japan) following approval from them
after comprehensive quality tests.

Given the success of its product, Daikaffil has decided to expand and modernise the existing capacity of DNS and forward integrate to manufacture Di-amino Stilbene Di-sulphonic Acid (DASDA) and Optical Brightening Agents (OBA). Daikaffil has been converted into a public limited company vide special resolution passed at its EGM held on 23rd December 1994 and approval for change of name to Daikaffil Chemicals India Limited has been received on
10th January 1995. The Company has not received a Certificate of Commencement of Business as it was incorporated as a private limited company.

The Company has not faced any labour problems/defaults/litigations that have resulted in closure or suspension of business activities in the past.

2004

-Daikaffil Chemicals India Ltd has been awarded the ISO 9001- 2000 Certification for its Quality Management System by British Standard Institution (BSI), the Internationally renowned British Management system Certifications Agency under Accredition of the Dutch Council for Accredition (RvA) and UKAS.

2008

-Daikaffil Chemicals India Ltd has appointed appointed Mr. Giuseppe Seccomandi, an Italian National, as Additional Director of the Company.s

-Daikaffil Chemicals India Ltd has recommended a dividend of Re 0.50 / Equity Share of Rs 10 each.

-E-mail ID for Investors Complaints: info@daikaffil.com and account@daikaffil.com

2009

-Company has recommended final dividend @ 7%, has recommended final dividend @ 7%.

2010

-Company has ecommended a dividend of Rs. 0.80 / Equity Share of Rs. 10 each for the Financial Year 2009-2010.

2011

-Daikaffil Chemicals India Ltd has recommended a dividend of 8% for the year.

2012

-Daikaffil Chemicals India Ltd recommended a dividend of 5% for the year 2011-2012.

2013
-Board recommends Dividend of 5%.

Find IFSC