About Futuristic Gas Systems Private Limited
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Futuristic Gas Systems Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the oil and gas infrastructure services segment of the energy and power sector. It was incorporated on 04 October 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U23203MH2004PTC148954. Its GSTIN is 27AAACF8430E1ZV (Maharashtra). The company holds 6 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Vilas Mangesh Sawant (Managing Director) and Vasudev Narayan Parab.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 303 Powai Plaza Opp Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076.
As per the financials filed for FY 2019, the company reported a revenue of ₹3.62 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹7.14 Lakh (net margin 2%) and EBITDA of ₹9.82 Lakh (EBITDA margin 2.7%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.5 Cr and satisfied charges of ₹1.75 Cr on record. Court records list 7 cases involving the company, including 2 filed by the company and 5 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website futuristicgases.com.
Company details
Contact details
Futuristic Gas Systems Private Limited's registered office is in Mumbai, Maharashtra. Its website is futuristicgases.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address303 Powai Plaza Opp Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076
- IndustryEnergy and Power, Oil & Gas Infrastructure Services
To see the full contact details of Futuristic Gas Systems 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 Futuristic Gas Systems 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 Futuristic Gas Systems Private Limited, buy the company report.
Financials of Futuristic Gas Systems Private Limited
FY 2019 filings availableFuturistic Gas Systems Private Limited reported revenue of ₹3.62 Cr (down 5% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 24% over three years, including a 5% fall in the latest year. EBITDA fell 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.62 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹9.82 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.14 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.7% | ||||
| Net Profit Margin | 2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Futuristic Gas Systems Private Limited, buy the company report.
Board of directors of Futuristic Gas Systems Private Limited
Futuristic Gas Systems has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vilas Mangesh Sawant | Managing Director | 04 Oct 2004 | 22 Years 0 Months | Current |
| Vasudev Narayan Parab | Director | 12 Jul 2018 | 8 Years 3 Months | Current |
Auditor
Futuristic Gas Systems Private Limited is audited by ARUN K BURAD & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ARUN K BURAD & ASSOCIATES | FY 2019 | 131635W |
Shareholding
The shareholding of Futuristic Gas Systems Private Limited is on record for FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Futuristic Gas Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Dec 2015 | 10607975 | Others | ₹50 Lakh | Open | |
| 17 Dec 2015 | 10608041 | Others | ₹50 Lakh | Open | |
| 14 Oct 2013 | 10628610 | Others | ₹50 Lakh | Open | |
| 02 Aug 2011 | 10304562 | Others | ₹3 Cr | Open | |
| 21 Nov 2012 | 10393750 | Abhyudaya Co-Op Bank Limited. | ₹50 Lakh | Satisfied |
To see the full charge records of Futuristic Gas Systems Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Futuristic Gas Systems Private Limited has 7 court cases on record: 2 filed by Futuristic Gas Systems, 5 filed against it. 2 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 5 | 1 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by Raychem RPG Pvt Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Raychem RPG Pvt Ltd. | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Ref.IDA) | Filed by the company against an individual | Pending |
| High Court, TELANGANA | Court case (CRLRC) | Filed by the company against M/S. Goodwill Engineering Stores and 1 other | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Abhyudaya Co Op Bank Ltd Th Mr Suhas M Naik | Disposed |
To see the full case history of Futuristic Gas Systems 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 Futuristic Gas Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Futuristic Gas Systems Private Limited has a workforce of 3 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Futuristic Gas Systems has 6 GST registrations: 2 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACF8430E1ZV | Maharashtra | Active | 01 Jul 2017 |
| 29AAACF8430E1ZR | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Futuristic Gas Systems Private Limited, buy the company report.
Recent activity
Futuristic Gas Systems Private Limited has 6 board changes on record since 2004: 2 appointments and 4 cessations. The latest: Vasudev Narayan Parab ceased to be Additional Director on 30 Sep 2018.
12 earlier events are in the company report.
Frequently asked questions
Futuristic Gas Systems is an active private limited company based in Mumbai, Maharashtra, India. The company works in oil and gas infrastructure services, within the energy and power industry. It was incorporated on 04 October 2004 (22+ years old) and is registered under CIN U23203MH2004PTC148954.
Futuristic Gas Systems has 2 current directors:
- Vilas Mangesh Sawant - Managing Director
- Vasudev Narayan Parab - Director
The latest financial statements of Futuristic Gas Systems on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Futuristic Gas Systems is 27AAACF8430E1ZV, registered in Maharashtra. The company has 6 GST registrations in all, of which 2 are active and 4 are cancelled or inactive. Other active GSTINs include 29AAACF8430E1ZR (Karnataka).
The CIN (Corporate Identification Number) of Futuristic Gas Systems is U23203MH2004PTC148954. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Futuristic Gas Systems has 7 court cases on record: 2 filed by the company and 5 filed against it. 2 are pending. Most are in the district courts.
Futuristic Gas Systems was incorporated on 04 October 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Vasudev Narayan Parab ceased to be Additional Director on 30 Sep 2018. Vasudev Narayan Parab was appointed as Director on 12 Jul 2018. Mangesh Sawant ceased to be Director on 10 Jul 2018. Futuristic Gas Systems has 6 board changes on record in total.
Futuristic Gas Systems can be reached through the website futuristicgases.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Futuristic Gas Systems is at 303 Powai Plaza Opp Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076.