About Fans Asia Private Limited
Data last updated:
Fans Asia Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India, a subsidiary of Fans A.S.. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 21 October 2009.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U29306AP2009PTC065572. Its GSTIN is 37AABCF4248F1ZR (Andhra Pradesh). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors including Sesha Srinivas Malladi (Irp/Rp/Liquidator) and Rostislav Zoudlik.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Flat No. 312 Block – A Vrushabadri Bypassroad Anakapalli, Visakhapatnam, Andhra Pradesh, India – 531001.
As per the financials filed for FY 2022, the company reported a revenue of ₹4.13 Cr, a decline of 84% compared to the previous year. For the same year it recorded a net loss of ₹6.02 Cr (net margin -145.7%) and EBITDA of -₹5.86 Cr (EBITDA margin -141.8%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years and 40% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
Court records list 15 cases involving the company, including 3 filed by the company and 12 filed against it; 4 cases are pending.
The last known website on record is fansct.com.
Company details
Contact details
Fans Asia Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its website is fansct.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat No. 312 Block – A Vrushabadri Bypassroad Anakapalli, Visakhapatnam, Andhra Pradesh, India – 531001
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Fans Asia 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 Fans Asia is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Fans Asia Private Limited, buy the company report.
Financials of Fans Asia Private Limited
FY 2022 filings availableFans Asia Private Limited reported revenue of ₹4.13 Cr (down 84% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 40% over five years, including a 84% fall in the latest year. EBITDA rose 50% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Total Revenue | ₹4.13 Cr | ||||
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| Total Expenses | |||||
| EBITDA | -₹5.86 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.02 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -141.8% | ||||
| Net Profit Margin | -145.7% | ||||
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To see the full financial statements and ratios of Fans Asia Private Limited, buy the company report.
Board of directors of Fans Asia Private Limited
Fans Asia has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sesha Srinivas Malladi | Irp/Rp/Liquidator | 29 Dec 2023 | 2 Years 9 Months | As last reported |
| Kiran Jayram Pal | Additional Director | 31 Jan 2023 | 3 Years 8 Months | As last reported |
| Rostislav Zoudlik | Director | 19 Nov 2009 | 16 Years 11 Months | As last reported |
Auditor
Fans Asia Private Limited is audited by STM & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| STM & Associates | FY 2022 | 026252N |
Shareholding
The shareholding of Fans Asia Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Fans Asia Private Limited, buy the company report.
Legal cases
Fans Asia Private Limited has 15 court cases on record: 3 filed by Fans Asia, 12 filed against it. 4 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 2 |
| High courts | 2 | 0 | 1 |
| NCLAT | 1 | 0 | 1 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Court case (CS37) | Filed against the company by Forsoc Chemicals (India) Pvt. Ltd. | Pending |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against Rashtriya Ispat Nigam Ltd. and 2 others | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Global Adsorbents Pvt. Ltd. | Pending |
| District court, Central, Delhi | Criminal case | Filed against the company by S K Systems Pvt. Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Abb India Limited | Disposed |
To see the full case history of Fans Asia 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 Fans Asia Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Fans Asia Private Limited has a workforce of 8 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
GST
Fans Asia has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AABCF4248F1ZR | Andhra Pradesh | Active | 01 Jul 2017 |
| 10AABCF4248F1Z7 | Bihar | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Fans Asia Private Limited, buy the company report.
Recent activity
Fans Asia Private Limited has 8 board changes on record since 2009: 3 appointments and 5 cessations. The latest: Sesha Srinivas Malladi was appointed as Irp/Rp/Liquidator on 29 Dec 2023.
Frequently asked questions
Fans Asia is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Fans Asia is a company under insolvency, formerly operating as a private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 21 October 2009 and is registered under CIN U29306AP2009PTC065572. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Fans Asia has 3 current directors:
- Kiran Jayram Pal - Additional Director
- Rostislav Zoudlik - Director
- Sesha Srinivas Malladi - Irp/Rp/Liquidator
The latest financial statements of Fans Asia on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Fans Asia is U29306AP2009PTC065572. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fans Asia has 15 court cases on record: 3 filed by the company and 12 filed against it. 4 are pending. Most are in the district courts.
Fans Asia was incorporated on 21 October 2009. It is registered with the Registrar of Companies, Vijayawada.
Sesha Srinivas Malladi was appointed as Irp/Rp/Liquidator on 29 Dec 2023. Kiran Jayram Pal was appointed as Additional Director on 31 Jan 2023. Jaroslav Hubacek ceased to be Director on 09 Jun 2022. Fans Asia has 8 board changes on record in total.
Fans Asia can be reached through the website fansct.com. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
The registered office of Fans Asia is at Flat No. 312 Block – A Vrushabadri Bypassroad Anakapalli, Visakhapatnam, Andhra Pradesh, India – 531001.