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About Hi-Tech Air Tools (India) Private Limited
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Hi-Tech Air Tools (India) Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 22 July 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U28930TN2008PTC068640. Its GSTIN is 33AACCH0789E1ZS (Tamil Nadu).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Narayanaswamy Radha and Venkatraman Narayanaswamy.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Begumispahanicomplex Firstfloornewno:91 Oldno:44 Armenianstreet, Chennai, Tamil Nadu, India – 600001.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.8 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net profit of ₹2.73 Lakh (net margin 1.5%) and EBITDA of ₹21.19 Lakh (EBITDA margin 11.8%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years and 12% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹95 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hitechairtools.com.
Company details
Contact details
Hi-Tech Air Tools (India) Private Limited's registered office is in Chennai, Tamil Nadu. Its website is hitechairtools.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBegumispahanicomplex Firstfloornewno:91 Oldno:44 Armenianstreet, Chennai, Tamil Nadu, India – 600001
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Hi-Tech Air Tools (India) 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 Hi-Tech Air Tools (India) is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Hi-Tech Air Tools (India) Private Limited, buy the company report.
Financials of Hi-Tech Air Tools (India) Private Limited
FY 2020 filings availableHi-Tech Air Tools (India) Private Limited reported revenue of ₹1.8 Cr (down 21% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 21% fall in the latest year. EBITDA fell 16% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.8 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹21.19 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.73 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.8% | ||||
| Net Profit Margin | 1.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Hi-Tech Air Tools (India) Private Limited, buy the company report.
Board of directors of Hi-Tech Air Tools (India) Private Limited
Hi-Tech Air Tools (India) has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narayanaswamy Radha | Director | 22 Jul 2008 | 18 Years 3 Months | Current |
| Venkatraman Narayanaswamy | Director | 22 Jul 2008 | 18 Years 3 Months | Current |
Shareholding
The shareholding of Hi-Tech Air Tools (India) Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Hi-Tech Air Tools (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 May 2011 | 10288482 | Bank of India | ₹95 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Hi-Tech Air Tools (India) Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by M/S.Star Property Developers | Disposed |
To see the full case history of Hi-Tech Air Tools (India) 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 Hi-Tech Air Tools (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hi-Tech Air Tools (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCH0789E1ZS | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hi-Tech Air Tools (India) Private Limited, buy the company report.
Recent activity
Hi-Tech Air Tools (India) Private Limited has 2 board changes on record since 2008: 2 appointments. The latest: Narayanaswamy Radha was appointed as Director on 22 Jul 2008.
Frequently asked questions
Hi-Tech Air Tools (India) is an active private limited company based in Chennai, Tamil Nadu, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 22 July 2008 (18+ years old) and is registered under CIN U28930TN2008PTC068640.
Hi-Tech Air Tools (India) has 2 current directors:
- Narayanaswamy Radha - Director
- Venkatraman Narayanaswamy - Director
The latest financial statements of Hi-Tech Air Tools (India) on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Hi-Tech Air Tools (India) is 33AACCH0789E1ZS, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Hi-Tech Air Tools (India) is U28930TN2008PTC068640. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hi-Tech Air Tools (India) has 1 court case on record: 1 filed against it.
Hi-Tech Air Tools (India) was incorporated on 22 July 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chennai.
Narayanaswamy Radha was appointed as Director on 22 Jul 2008. Venkatraman Narayanaswamy was appointed as Director on 22 Jul 2008.
Hi-Tech Air Tools (India) can be reached through the website hitechairtools.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Hi-Tech Air Tools (India) is at Begumispahanicomplex Firstfloornewno:91 Oldno:44 Armenianstreet, Chennai, Tamil Nadu, India – 600001.
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