Davin Sons Retail Ltd - Stock Valuation and Financial Performance

Davin Sons Retail Limited was incorporated with objective to acquisition of proprietorship concern of Mr. Mohit Arora ‘Jesus Shirts’ which was in the business of manufacturing of readymade garments through job work basis. Later, on August 1, 2022 the Company added objects relating to distribution of FMCG products of well-known brands to various retailers, Shopkeepers and other distributors & agents. On March 2, 2023, the running business of the above proprietorship concern was acquired by the company, along with the assets and liabilities of the proprietorship concern on going concern basis as on February 28, 2023. Since incorporation, its promoters have been looking after the overall operations and major business decisions of the company.

The company is engaged into the business of manufacturing and designing of readymade garments offering diverse range of high-quality jeans, denim jackets and shirts for other brands. The company’s garment manufacturing process includes cutting, stitching, sewing, finishing, inspection and packing. It outsources the entire garments manufacturing on job work basis from third party contractors from time to time and provides the technical specifications such as designs, pattern, quality, fabric etc. to them who, based on its specifications, procure the requisite raw materials and begin the manufacturing process. The products delivered to it from third party contractors are completely finished and packaged to its warehouse. However, it has not entered into Job work agreement.

The company has client base in Delhi, West Bengal, Uttar Pradesh and Bihar from where it is getting regular orders for its garments. With a vision to further expand the Garment business, it has entered into distributorship arrangement for marketing and selling its manufactured readymade garments to the small market. These distributors are situated at Delhi, Uttar Pradesh, Bihar. It also provides its sample designs in line with new styles, fits, finishes to meet the latest fashion trends to its customers. In season, the team works on over several designs, out of which few are picked up to constitute the new season collection. The company’s core competency lies in its understanding of its customer’s buying preferences and behaviour across the Indian market. It procures its fabrics directly from reliable fabric manufacturers for better quality and pricing.

The company mainly sources fabric from the local market of Mumbai, Delhi and outsources its job work to the Manufacturers at New Delhi. Under the supervision of company personnel for designs and quality control. The finished products are delivered at the company Warehouse. After Quality checking at its Warehouse, the products are further bar coded and dispatched as per orders from various buyers. The company’s proficiency lies in understanding the specific requirement of its customers and based on which it places the order of its products to manufacturer having requisite manufacturing facilities. It supervises the entire manufacturing process including selection of interlinings produced till dispatch of the goods to customers’ place, to assure product quality and customer satisfaction. 

Business area of the company

The company is engaged into the business of manufacturing and designing of readymade garments offering diverse range of high-quality jeans, denim jackets and shirts for other brands

History and milestones

• February, 2022: Incorporation of the company as limited company in the name of ‘Davin Sons Retail Limited’ 
• July, 2022: Started the vertical line of business of distribution of FMCG products. 
• March, 2023: Acquisition of the running business of ‘Jesus Shirts’ vide business purchase agreement dated March 2, 2023.