About Satkar Air Cargo Services Private Limited
Data last updated:
Satkar Air Cargo Services Private Limited was a private limited company based in New Delhi, Delhi, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the cargo services segment of the transport and logistics sector. It was incorporated on 07 March 2011.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U63000DL2011PTC215344. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was led by directors including Harmandeep Singh Khurana and Aman Preet Singh Bawa.
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 was at B – 72 2nd Floor Rohit House Vishwakarma Colony Tughlakabad M.B.Road, New Delhi, Delhi, India – 110044.
As per the financials filed for FY 2016, the company reported a revenue of ₹2.29 Cr, a decline of 61% compared to the previous year. For the same year it recorded a net loss of ₹3 Lakh (net margin -1.3%) and EBITDA of ₹2.16 Lakh (EBITDA margin 0.9%).
Court records list 17 cases involving the company, including 11 filed by the company and 6 filed against it; 2 cases are pending.
The last known website on record is satkar.com.
Company details
Contact details
Satkar Air Cargo Services Private Limited's registered office is in New Delhi, Delhi.
- Registered AddressB – 72 2nd Floor Rohit House Vishwakarma Colony Tughlakabad M.B.Road, New Delhi, Delhi, India – 110044
- IndustryTransport and Logistics, Cargo Services
- 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 Satkar Air Cargo Services is transport and storage. In detail, this covers air transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H4 | Air transport |
To see the full business activity and turnover split of Satkar Air Cargo Services Private Limited, buy the company report.
Financials of Satkar Air Cargo Services Private Limited
FY 2016 filings availableSatkar Air Cargo Services Private Limited reported revenue of ₹2.29 Cr (down 61% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 61% in the latest year. EBITDA fell 47% 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 | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹2.16 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹3 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 | 0.9% | |
| Net Profit Margin | -1.3% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
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| 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 Satkar Air Cargo Services Private Limited, buy the company report.
Board of directors of Satkar Air Cargo Services Private Limited
Satkar Air Cargo Services has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harmandeep Singh Khurana Also directs: Satkar Logistics Private Limited | Director | 07 Mar 2011 | 15 Years 7 Months | As last reported |
| Aman Preet Singh Bawa Also directs: Wish Logistics LLP, Wish Food & Beverages LLP, Satkar Logistics Private Limited and 1 more | Director | 07 Mar 2011 | 15 Years 7 Months | As last reported |
| Gursimran Singh Lamba | Director | 07 Mar 2011 | 15 Years 7 Months | As last reported |
Legal cases
Satkar Air Cargo Services Private Limited has 17 court cases on record: 11 filed by Satkar Air Cargo Services, 6 filed against it. 2 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 5 | 2 |
| High courts | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Sequel Alloys and Wires Pvt Ltd | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by an individual | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by an individual | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by an individual | Disposed |
| District court, South East, Delhi | Criminal case | Filed by the company against an individual | Disposed |
To see the full case history of Satkar Air Cargo Services 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 Satkar Air Cargo Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Satkar Air Cargo Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Satkar Air Cargo Services Private Limited, buy the company report.
Recent activity
Satkar Air Cargo Services Private Limited has 4 board changes on record since 2011: 3 appointments and 1 cessation. The latest: Gursimran Singh Lamba ceased to be Director on 28 Oct 2017.
Frequently asked questions
Satkar Air Cargo Services has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Satkar Air Cargo Services was a private limited company based in New Delhi, Delhi, India. The company worked in cargo services, within the transport and logistics industry. It was incorporated on 07 March 2011 and is registered under CIN U63000DL2011PTC215344. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Satkar Air Cargo Services was incorporated on 07 March 2011. It is registered with the Registrar of Companies, Delhi.
Satkar Air Cargo Services had 3 directors:
- Harmandeep Singh Khurana - Director
- Aman Preet Singh Bawa - Director
- Gursimran Singh Lamba - Director
The CIN (Corporate Identification Number) of Satkar Air Cargo Services is U63000DL2011PTC215344. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Satkar Air Cargo Services is at B – 72 2nd Floor Rohit House Vishwakarma Colony Tughlakabad M.B.Road, New Delhi, Delhi, India – 110044.
Satkar Air Cargo Services can be reached through the website satkar.com. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Satkar Air Cargo Services 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. Satkar Air Cargo Services has 1 GST registration on record and it is cancelled or inactive.
Satkar Air Cargo Services operated in the transport and logistics industry, in the cargo services segment.
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