Metalicus traded at a loss exceeding $4 million for the current financial year, Ragtrader can reveal.
The brand, which was acquired by General Pants Group in 2016, is currently in administration.
A report to creditors revealed General Pants Co Pty Ltd advanced approximately $3 million to Metalicus on an unsecured basis.
It also guaranteed the company's borrowings from the ANZ in the amount of $4.4 million.
It was revealed the company which traded Metalicus was formerly named General Pants Investments Pty Ltd.
It was prior to the appointment of administrators that company members resolved to change the name from General Pants Investments to Fashionoid Pty Ltd.
For more on the Metalicus matter, pick up Ragtrader's July edition.