About Spring Air Bedding Company (India) Limited
Data last updated:
Spring Air Bedding Company (India) Limited was a public limited company based in New Delhi, Delhi, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the home furnishings manufacturing segment of the consumer goods sector. It was incorporated on 10 July 2008.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U36104DL2008PLC180766. The company has 10 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹56.3 Cr and a paid-up capital of ₹56.22 Cr. It was formerly known as Spring Air Bedding Company (India) Private Limited. It was led by directors including Gev Framroze Engineer (Whole-Time Director) and Rohinton Sam Poonawala.
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 was at Plot No. 10/19 Ground Floor East Patel Nagar New Delhi, Delhi, India – 110008.
As per the financials filed for FY 2019, the company reported a revenue of ₹21.63 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net loss of ₹8.02 Cr (net margin -37.1%) and EBITDA of -₹3.7 Cr (EBITDA margin -17.1%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 5% over five years.
The company had about 93 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Spring Air. As per MCA filings, the company had satisfied charges of ₹5.35 Cr on record. Court records list 16 cases involving the company, including 3 filed by the company and 13 filed against it; 1 case is pending. The company has 8 deals on record (3 funding rounds, 3 rights issues, 2 secondary share transfers), with disclosed funding of ₹13.85 Cr; the latest was in March 2019.
The last known website on record is springair.in.
Company details
CIN history
Spring Air Bedding Company (India) has one previous CIN (Corporate Identification Number): U36104DL2008PTC180766. The current CIN is U36104DL2008PLC180766, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36104DL2008PLC180766 | Current |
| U36104DL2008PTC180766 | Previous |
Contact details
Spring Air Bedding Company (India) Limited's registered office is in New Delhi, Delhi. Its website is springair.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 10/19 Ground Floor East Patel Nagar New Delhi, Delhi, India – 110008
- IndustryConsumer Goods, Home Furnishings Manufacturing
To see the full contact details of Spring Air Bedding Company (India) 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
Brands
Spring Air Bedding Company (India) operates one associated brand: Spring Air. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Mattresses and sleep sets are manufactured by Spring Air. | springair.com |
Business activity
The main business activity of Spring Air Bedding Company (India) is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Spring Air Bedding Company (India) Limited, buy the company report.
Financials of Spring Air Bedding Company (India) Limited
FY 2019 filings availableSpring Air Bedding Company (India) Limited reported revenue of ₹21.63 Cr (down 4% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 4% fall in the latest year. EBITDA rose 68% 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 | ₹21.63 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹3.7 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.02 Cr | ||||
| 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -17.1% | ||||
| Net Profit Margin | -37.1% | ||||
| 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 Spring Air Bedding Company (India) Limited, buy the company report.
Board of directors of Spring Air Bedding Company (India) Limited
Spring Air Bedding Company (India) has 3 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohinton Sam Poonawala Also directs: Canos Trading Private Limited, Arma Financial Services Limited, Bluerock Infrastructure Solutions LLP and 5 more | Director | 01 Apr 2019 | 7 Years 6 Months | As last reported |
| Nikhil Ratilal Shah Also directs: Canos Trading Private Limited, Arma Financial Services Limited | Director | 01 Apr 2019 | 7 Years 6 Months | As last reported |
| Gev Framroze Engineer Also directs: Kanara Global Products LLP, Sevalal Solar Private Limited, Sirar Solar Energies Private Limited and 5 more | Whole-Time Director | 01 Apr 2019 | 7 Years 6 Months | As last reported |
Auditor
Spring Air Bedding Company (India) Limited is audited by K K KOHLI & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K K KOHLI & CO | FY 2018 | 010132C |
Shareholding
The shareholding of Spring Air Bedding Company (India) Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Spring Air Bedding Company (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Feb 2011 | 10268752 | The Hongkong and Shanghai Banking Corporation Limited | ₹4 Cr | Satisfied | |
| 20 Feb 2009 | 10142553 | The Hongkong and Shanghai Banking Corporation Limited | ₹1.35 Cr | Satisfied |
To see the full charge records of Spring Air Bedding Company (India) Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Spring Air Bedding Company (India) Limited has 8 deals on record (3 funding rounds, 3 rights issues, 2 secondary share transfers), with disclosed funding of ₹13.85 Cr; the latest was in March 2019.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Kanara Consumer Products Limited Seller: 2 individuals |
| Aug 2017 | Rights issue | ₹30.28 Cr | Investors: 3 individuals |
| Dec 2015 | Rights issue | ₹1.57 Cr | Investors: 2 individuals |
| Apr 2014 | Rights issue | ₹10.51 Cr | Investors: 3 individuals |
| Mar 2013 | Funding round | ₹8.86 Cr | Investors: 3 individuals |
To see the full deal history of Spring Air Bedding Company (India) Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Spring Air Bedding Company (India) Limited has 16 court cases on record: 3 filed by Spring Air Bedding Company (India), 13 filed against it. 1 case is pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 11 | 0 |
| High courts | 2 | 2 | 1 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North, Delhi | Arbitration matter | Filed against the company by Reliance Commercial Finance Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by Tirupati Foam Ltd. | Disposed |
| District court, Hyderabad CCC, Telangana | Civil suit | Filed against the company by Shree Malani Foams P Ltd | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company | Pending |
| District court, West, Delhi | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Spring Air Bedding Company (India) 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 Spring Air Bedding Company (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Spring Air Bedding Company (India) Limited has a workforce of 93 employees on its EPFO records as of Apr 04, 2024, across 2 active EPFO establishments.
GST
Spring Air Bedding Company (India) has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Spring Air Bedding Company (India) Limited, buy the company report.
Recent activity
Spring Air Bedding Company (India) Limited has 19 board changes on record since 2008: 3 appointments and 16 cessations. The latest: Sanchit Jaiswal ceased to be Company Secretary on 01 Jun 2020.
16 earlier events are in the company report.
Frequently asked questions
Spring Air Bedding Company (India) has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Spring Air Bedding Company (India) was a public limited company based in New Delhi, Delhi, India. The company worked in home furnishings manufacturing, within the consumer goods industry. It was incorporated on 10 July 2008 and is registered under CIN U36104DL2008PLC180766. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Spring Air Bedding Company (India) was incorporated on 10 July 2008. It is registered with the Registrar of Companies, Delhi.
Spring Air Bedding Company (India) had 3 directors:
- Gev Framroze Engineer - Whole-Time Director
- Rohinton Sam Poonawala - Director
- Nikhil Ratilal Shah - Director
The CIN (Corporate Identification Number) of Spring Air Bedding Company (India) is U36104DL2008PLC180766. 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 Spring Air Bedding Company (India) is at Plot No. 1019 Ground Floor East Patel Nagar New Delhi, Delhi, India – 110008.
Spring Air Bedding Company (India) can be reached through the website springair.in. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Spring Air Bedding Company (India) 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.
No. Spring Air Bedding Company (India) has 10 GST registrations on record and all of them are cancelled or inactive.
Spring Air Bedding Company (India) operated in the consumer goods industry, in the home furnishings manufacturing segment.