MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-02-0056714
Air Systems Limited - machinery and equipment in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹4.19 Cr
▲ 46% YoY
Net loss · FY 2023
₹98.57 Lakh
Net margin -23.5%
EBITDA · FY 2023
₹12.58 Lakh
EBITDA margin 3%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹20 Lakh
Issued & subscribed
Open charges
₹7.82 Cr
Secured borrowings
Company age
46 yrs
Est. 1980
Employees · EPFO
9
Provident fund records
About Air Systems Limited
Data last updated:
Air Systems Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 03 July 1980 and has been in existence for over 46 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U31909WB1980PLC032837. Its GSTIN is 33AACCA1074H1Z5 (Tamil Nadu). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹20 Lakh. It was formerly known as Air Systems Ltd. It is led by directors including Manju Agarwal and Nittn Agarwaal.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 26 R N Mukherjee Road, Kolkata, West Bengal, India.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.19 Cr, a growth of 46% compared to the previous year. For the same year it recorded a net loss of ₹98.57 Lakh (net margin -23.5%) and EBITDA of ₹12.58 Lakh (EBITDA margin 3%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 13% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.82 Cr on record. Court records list 20 cases involving the company, including 12 filed by the company and 8 filed against it; 5 cases are pending.
Air Systems Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0056714). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asplparts.com.
Company details
CIN U31909WB1980PLC032837
Registration Number 032837
Incorporation Date 03 July 1980
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-TN-02-0056714
CIN history
Air Systems has one previous CIN (Corporate Identification Number): U31909WB1980PTC032837. The current CIN is U31909WB1980PLC032837, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31909WB1980PLC032837 | Current |
| U31909WB1980PTC032837 | Previous |
Recognitions & Rankings of Air Systems
Contact details
Air Systems Limited's registered office is in Kolkata, West Bengal. Its website is asplparts.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address26 R N Mukherjee Road, Kolkata, West Bengal, India
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Air Systems Limited, buy the company report.
Comprehensive company report
Air Systems Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Air Systems is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Air Systems Limited, buy the company report.
Financials of Air Systems Limited
FY 2023 filings availableAir Systems Limited reported revenue of ₹4.19 Cr (up 46% YoY) for FY 2023.
Revenue · FY 2023
₹4.19 Cr ▲ 46%
Net loss · FY 2023
₹98.57 Lakh margin -23.5%
EBITDA · FY 2023
₹12.58 Lakh margin 3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 46%
3 years · compounded
▼ 17%
5 years · compounded
▼ 13%
EBITDA CAGR growth
1 year
▲ 552%
3 years · compounded
▼ 54%
5 years · compounded
▼ 37%
Revenue rose 46% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 13%. EBITDA rose 552% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹12.58 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹98.57 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3% | ||||
| Net Profit Margin | -23.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| 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 Air Systems Limited, buy the company report.
Board of directors of Air Systems Limited
Air Systems has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manju Agarwal | Director | 26 Mar 1990 | 36 Years 7 Months | Current |
| Nittn Agarwaal Also directs: NTNN Quest Engineering Private Limited | Director | 27 Sep 1996 | 30 Years 0 Months | Current |
| Dinesh Kumar Agarwal | Director | 01 Feb 2011 | 15 Years 8 Months | Current |
Peer comparison
Air Systems Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shivam Springs Private Limited | ₹4.2 Cr (FY 2024) | 7.0% | Kanpur, Uttar Pradesh, India | |||
| Southern Boilers and Equipments Private Limited | ₹4.19 Cr (FY 2020) | 58.0% | Chennai, Tamil Nadu, India | |||
| Air Systems Limitedthis company | ₹4.19 Cr (FY 2023) | -₹98.57 Lakh | -23.5% | 46.0% | 9 | Kolkata, West Bengal, India |
| Richfield Impexx Private Limited | ₹4.18 Cr (FY 2025) | -66.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Air Systems Limited, buy the company report.
Auditor
Air Systems Limited is audited by KRISHNAN & RAJARAM for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRISHNAN & RAJARAM | FY 2020 | 006034S |
Shareholding
The shareholding of Air Systems Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Air Systems Limited, buy the company report.
Charges & borrowings
Open charges
₹7.82 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Dec 2012 | 10393764 | Others | ₹7.82 Cr | Open |
To see the full charge records of Air Systems Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Air Systems Limited has 20 court cases on record: 12 filed by Air Systems, 8 filed against it. 5 cases are pending and 15 are disposed.
Total cases
20
Filed by the company
12
Filed against the company
8
Pending
5
Disposed
15
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 3 | 5 |
| District courts | 5 | 4 | 0 |
| Supreme Court | 3 | 1 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Bajaj Finance Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (ESI) | Filed against the company by Hindustan Aeronautics Limited | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against Assistant Provident Fund Commissioner | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Assistant Provident Fund Commissioner | Pending |
| High Court, KARNATAKA | Court case (MFA) | Filed against the company by an individual | Pending |
To see the full case history of Air Systems 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.
Credit ratings & regulatory alerts
Air Systems Limited was last rated by Crisil on 14 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 14 Feb 2020 |
To see the full credit ratings and regulatory alerts of Air Systems Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Air Systems Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Air Systems Limited has a workforce of 9 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
9
Active EPFO establishments
1
Employee growth
12.5%
GST
Air Systems has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCA1074H1Z5 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Air Systems Limited, buy the company report.
Recent activity
Air Systems Limited has 4 board changes on record since 1990: 3 appointments and 1 cessation. The latest: Dinesh Kumar Agarwal was appointed as Director on 01 Feb 2011.
AGM
Air Systems Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Air Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata I.
Charges
A charge with Others of Rs. 782.23 Lakh registered on 03 Dec 2012 with Charge ID 10393764 was modified on 20 Dec 2021.
Charges
A charge with Others amounted to Rs. 782.23 Lakh with Charge ID 10393764 was registered on 03 Dec 2012.
Appointed
Dinesh Kumar Agarwal was appointed as Director.
Ceased
Nikunj Agarwal ceased to be Director.
Appointed
Nittn Agarwaal was appointed as Director.
Appointed
Manju Agarwal was appointed as Director.
Incorporation
03 Jul 1980
Air Systems Limited was registered on 03 Jul 1980 with Roc Kolkata I & aged 46 years 3 months as per MCA records.
Frequently asked questions
Air Systems is an active public limited company based in Kolkata, West Bengal, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 03 July 1980 (46+ years old) and is registered under CIN U31909WB1980PLC032837.
Air Systems has 3 current directors:
- Manju Agarwal - Director
- Nittn Agarwaal - Director
- Dinesh Kumar Agarwal - Director
The latest financial statements of Air Systems on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Air Systems is 33AACCA1074H1Z5, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Air Systems is U31909WB1980PLC032837. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Air Systems has 20 court cases on record: 12 filed by the company and 8 filed against it. 5 are pending. Most are in the high courts.
Air Systems was incorporated on 03 July 1980, making it 46+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Air Systems by revenue are Shivam Springs Private Limited, Southern Boilers and Equipments Private Limited, Richfield Impexx Private Limited, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (metal and metal products).
Dinesh Kumar Agarwal was appointed as Director on 01 Feb 2011. Nikunj Agarwal ceased to be Director on 01 Feb 2011. Nittn Agarwaal was appointed as Director on 27 Sep 1996. Air Systems has 4 board changes on record in total.
Yes, Air Systems is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-02-0056714).
Air Systems can be reached through the website asplparts.com. Its registered office is in Kolkata, West Bengal, India.