AirCrews Aviation Pvt Ltd Final Report Year 2021

AIRCREWS AVIATION PRIVATE LIMITED

Reg. Off.: 301 Royal Regency, 7 Shikshak Nagar Airport RoadIndore MP 452005

CIN: U74999MP2018PTC045859

Email: aircrewsaviation@gmail.com Mob. No. 9826008899

DIRECTORS’ REPORT

To,

The Members of

Aircrews Aviation Private Limited

Dear Members,

Your Directors are pleased to present 3^rdAnnual Report on the performance of the Company for the financial year ended 31^st March, 2021.

1. FINANCIAL PERFORMANCE

PARTICULARS	31^st March, 2021 (in Rs.)	31^st March, 2020 (in Rs.)
Total Income	9388.00	6632.00
Profit/(Loss) before tax	(501.00)	(76.00)
Provision for tax	0.00	0.00
Profit after tax	(501.00)	(76.00)

2. CHANGE IN THE NATURE OF BUSINESS:

There is no change in the nature of the business of the company

3. WORKING RESULTS

The total income during F.Y. 2021 is Rs. 9388.00 as compared to Rs. 6,632.00.00 in F.Y. 2020. The loss after tax for the year was Rs. 501.00 as compared to Rs. 76.00 in F.Y. 2020.

4. MATERIAL CHANGES BETWEEN THE DATE OF THE BOARD REPORT AND END OF FINANCIAL YEAR.

There have been no material changes and commitments, if any, affecting the financial position of the Company which have occurred between the end of the financial year of the Company to which the financial statements relate and the date of the report.

5. DIVIDEND

The projects of the Company are under process so there was no income.

6. DIRECTOR

During the year under review there is no change in the Directors of the Company.

7. NUMBER OF MEETINGS OF THE BOARD:

During the year Four Board Meetings were convened and held. The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013.

The Date of Board Meetings is as under:

(1) 30^thJune, 2020 (2) 24^thSeptember, 2020 (3) 9^th December, 2020 (4) 20^th March, 2021

The attendance of the Board Meeting is as under:

Name of Directors	Attendance
Name of Directors	Board Meeting
Mr. Chandrashekhar Gupta	4
Ms. Samira Surbhi Gupta	4

8.DIRECTORS’ RESPONSIBILITY STATEMENT

In terms of Section 134 (5) of the Companies Act, 2013, the directors would like to state that:

i. In the preparation of the annual accounts, the applicable accounting standards have been followed.

ii. The directors have selected such accounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit or loss of the Company for the year under review.

iii. The directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

iv. The directors have prepared the annual accounts on a going concern basis.

v. The directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.

vi. The directors had devised proper system to ensure compliance with the provisions of all applicable laws and that such system were adequate and operating effectively.

9. STATUTORY AUDITORS

M/s. Vivek Khandelwal & Co., Chartered Accountants, Indore(Firm Registration No. 024286C) was appointed as Statutory Auditors of your Company at the Annual General Meeting held on 27.12.2019 for a term of five consecutive years.

10. AUDITORS REPORT

The Statutory Auditors’ report for the financial year under review read with notes to Account is self explanatory and therefore does not call for any further comments.

11. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

The particulars of Loans, Guarantees and Investment in pursuance to Section 186 of the Companies Act, 2013 are given in the Notes to the financial statements.

12. RELATED PARTY TRANSACTIONS

There was no contract or arrangements made with related parties as defined under Section 188 of the Companies Act, 2013 during the year under review.

13. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING & OUTGO

Your Directors have Nothing to report on the aforesaid matters as your company is not engaged in manufacturing has no foreign collaboration and has not exported or imported any goods or services.

14. PARTICULARS OF EMPLOYEES:

None of the Employee has received remuneration exceeding the limits as stated in rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

15. CORPORATE SOCIAL RESPONSIBILITY

The Company is not required to constitute a Corporate Social Responsibility Committee, as it does not fall within purview of Section 135(1) of the Companies Act, 2013 and hence it is not required to formulate policy on corporate social responsibility.

16. BUSINESS RISK MANAGEMENT

Pursuant to section 134 (3) (n) of the Companies Act, 2013, the company has framed a detailed Risk Management Policy for assessment of risk and determine the responses to these risks so as to minimize their adverse impact on the organization. The Directors of the Company shall be responsible for implementation of the risk management system. At present the company has not identified any element of risk which may threaten the existence of the company.

17. FORMAL ANNUAL EVALUATION

Formal annual Evaluation of the performance of the Board, its Committees and individual directors was not applicable to the Company.

18. FIXED DEPOSITS

Your Company has not accepted any deposits within the meaning of Section 73 of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014.

19. ADEQUACY OF INTERNAL FINANCIAL CONTROLS

The Internal financial controls with reference to the financial statements were adequate and operating effectively.

20. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY’S OPERATIONS IN FUTURE:

During the year under review there has been no such significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and company’s operations in future.

21. DETAILS OF SEXUAL HARASSMENT COMPLAINTS

Details of complaints under Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013,

1. Number of complaint of Sexual harassment received in the year:- NIL

2. Number of complaint disposed off during the year:- NIL

22. WEB LINK OF ANNUAL RETURN, IF ANY:

The Company is having website i.e. www.aircrewsaviation.com and annual return of Company has been published on such website. Link of the same is given below: https://www.aircrewsaviation.com/2018/04/senior-executive-assistance.html

23. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

The Company does not have any Subsidiary, Joint venture or Associate Company.

24. ACKNOWLEDGEMENT

The Directors place on record their sincere gratitude to the Shareholders, Bankers and Government Departments for their continued support to the Company.

For and on behalf of the Board

Place :Indore

Date :03.09.2021 (Chandrashekhar Gupta) (Samira Surbhi Gupta)

Director Director

(DIN:08138808) (DIN: 08138809)

A N N E X U R E

FormNo.MGT-9

EXTRACTOFANNUALRETURN ASONTHEFINANCIALYEARENDEDON31.03.2021

[Pursuanttosection92(3)oftheCompaniesAct,2013andrule12(1)ofthe Companies(ManagementandAdministration)Rules,2014]

I. REGISTRATIONANDOTHERDETAILS:

CIN	U74999MP2018PTC045859
Registration Date	21^st May, 2018
Name of the Company	Aircrews Aviation Private Limited
Category/Sub-Category of the Company	Company having Share Capital
Address of the Registered office and contact details	301 Royal Regency, 7 Shikshak Nagar Airport Road Indore MP 452005, Tel. No. 9826008899
Whether Listed Company	No
Name, Address and Contact details of Registrar and Transfer Agent if any	NA

II. PRINCIPALBUSINESSACTIVITIESOFTHECOMPANY

Allthebusinessactivitiescontributing10%ormoreofthetotal turnoverofthecompanyshallbestated:-

Sl.No.	Nameand Description of mainproducts/ services	NIC Codeof the Product/ service	% tototal turnoverofthe company
1	Other professional, scientific and technical activities n.e.c.	74909	100%

III. PARTICULARSOFHOLDING,SUBSIDIARYANDASSOCIATE COMPANIES -

S.N.

NAMEAND ADDRESSOF THE COMPANY

CIN/GLN

HOLDING/ SUBSIDIARY

/ASSOCIATE

%of shares held

Applicable

Section

IV. SHAREHOLDINGPATTERN(EquityShareCapitalBreakupas percentageofTotalEquity)

i)Category-wiseShareHolding

Category of Shareholders	No. of Shares held at the beginning of the year					No. of Shares held at the end of the year				% Change during the year
	Demat		Physical	Total	% of Total Shares	Demat	Physical	Total	% of Total Shares	% Change during the year
A. Promoters
(1) Indian
a) Individual / HUF	-		10,000	10,000	100	-	10,000	10,000	100	0.00
b) Central Govt.	-		-	-	-	-	-	-	-	-
c) State Govt.(s)	-		-	-	-	-	-	-	-	-
d) Bodies Corporate	-		-	-	-	-	-	-	-	-
e) Banks / FI	-		-	-	-	-	-	-	-	-
f) Any Other….	-		-	-	-	-	-	-	-	-
Sub-Total (A)(1):	-		10,000	10,000	100	-	10,000	10,000	100	0.00
(2) Foreign
a) NRIs – Individuals	-		-	-	-	-	-	-	-	-
b) Other – Individuals	-		-	-	-	-	-	-	-	-
c) Bodies Corporate	-		-	-	-	-	-	-	-	-
d) Banks / FI	-		-	-	-	-	-	-	-	-
e) Any Other….	-		-	-	-	-	-	-	-	-
Sub-Total (A)(2)	-		-	-	-	-	-	-	-	-
Total Shareholding of Promoters (A) = (A)(1)+(A)(2)	-		10,000	10,000	100	-	10,000	10,000	100	0.00
B. Public Shareholding
1 Institutions
a) Mutual Funds	-		-	-	-	-	-	-	-	-
b) Banks / FI	-		-	-	-	-	-	-	-	-
c) Central Govt	-		-	-	-	-	-	-	-	-
d) State Govt(s)	-		-	-	-	-	-	-	-	-
e) Venture Capital Funds	-		-	-	-	-	-	-	-	-
f) Insurance Companies	-		-	-	-	-	-	-	-	-
g) FIIs	-		-	-	-	-	-	-	-	-
h) Foreign Venture Capital Funds	-		-	-	-	-	-	-	-	-
i) Others (specify)		-	-	-	-	-	-	-	-	-
Sub-total (B)(1):-		-	-	-	-	-	-	-	-	-
2. Non- Institutions
a) Bodies Corp.
i) Indian		-	-	-	-	-	-	-	-	-
ii) Overseas		-	-	-	-	-	-	-	-	-
b) Individuals
i) Individual shareholders holding nominal share capital upto Rs. 1 lakh		-	-	-	-	-	-	-	-	-
ii) Individual shareholders holding nominal share capital in excess of Rs 1 lakh		-	-	-	-	-	-	-	-	-
c) Others (NRI & OCB)		-	-	-	-	-	-	-	-	-
d) Other (Clearing Member)		-	-	-	-	-	-	-	-	-
Sub-total (B)(2):-		-	-	-	-	-	-	-	-	-
Total Public Shareholding (B)=(B)(1)+ (B)(2)		-	-	-	-	-	-	-	-	-
C. Shares held by Custodian for GDRs & ADRs		-	-	-	-	-	-	-	-	-
Grand Total(A+B+C)		-	10,000	10,000	100	-	10,000	10,000	100	0.00

(ii)ShareholdingofPromoters

S N o.	Shareholder’sName	Shareholdingatthe beginningoftheyear			Shareholdingattheend oftheyear			% changein share holding duringthe year
		No. of Shares	%of total Shares ofthe company	%of Shares Pledged/ encumberedto total shares	No. of Shares	%of total Shares ofthe company	%of Shares Pledged/ encumberedto total shares	% changein share holding duringthe year
1	Mr. Chandrashekhar Gupta	6000	60.00	0.00	6000	60.00	0.00	0.00
2	Mr. Samira Surbhi Gupta	4000	40.00	0.00	4000	40.00	0.00	0.00
	Total	10,000	100.00	0.00	10,000	100.00	0.00	0.00

(iii)ChangeinPromoters’Shareholding(pleasespecify,ifthere isnochange)

Sl. No.	Particular	Shareholdingatthe beginningoftheyear		CumulativeShareholding duringtheyear
Sl. No.	Particular	No.of shares	%oftotal sharesof the company	No.of shares	%oftotalshares ofthecompany
	Atthe beginningof theyear	10000	100.00	10000	100.00
	Datewise Increase/ Decreasein Promoters Share holding duringthe year specifying thereasons forincrease /decrease (e.g. allotment/ transfer/ bonus/ sweat equityetc):	No change
	AttheEnd oftheyear	10000	100.00	10000	100.00

(iv)ShareholdingPatternoftopten Shareholders(otherthan Directors,PromotersandHoldersofGDRsandADRs):

Sl. No.		Shareholdingatthe beginningoftheyear		Shareholdingatthe endofthe year
	ForEachof theTop10 Shareholders	No.of shares	%oftotal sharesof the company	No.of shares	%oftotal sharesofthe company
1	NIL
2	NIL

(v)ShareholdingofDirectorsandKeyManagerialPersonnel:

Sl. No.		Shareholding at the beginning of the year		Shareholding at the End of the year
	For Each of the Directors and KMP	No. of shares	% of total shares of the company	No. of shares	% of total shares of the company
1	Mr. Chandrashekhar Gupta	6000	60.00	6000	60.00
2	Mr. Samira Surbhi Gupta	4000	20.00	4000	40.00

V.INDEBTEDNESS

Indebtedness oftheCompany including interestoutstanding/accrued butnotdueforpayment

(Amount in Rs.)

	SecuredLoans excluding deposits	Unsecured Loans	Deposits	Total Indebtedness
Indebtednessatthe beginningofthefinancial year i)PrincipalAmount ii)Interestduebutnotpaid iii)Interestaccruedbutnot due	- - -	- - -	- - -	- - -
Total(i+ii+iii)	-	-	-	-
ChangeinIndebtedness duringthefinancialyear · Addition · Reduction	- -	- -	- -	- -
NetChange	-	-	-	-
Indebtedness atthe end ofthefinancialyear i)PrincipalAmount ii) Interestduebutnotpaid iii) Interestaccruedbutnot due	- - -	- - -	- - -	- - -
Total(i+ii+iii)	-	-	-	-

VI. REMUNERATIONOFDIRECTORSANDKEYMANAGERIAL PERSONNEL

A.RemunerationtoManagingDirector,Whole-timeDirectorsand/orManager:

Sl. no.	ParticularsofRemuneration	NameofMD/WTD/ Manager/Executive Directors	Total Amount in Rs.

1.	Grosssalary (a)Salaryasperprovisions containedinsection17(1) oftheIncome-taxAct, 1961 (b)Valueofperquisitesu/s 17(2)Income-taxAct, 1961 (c)Profitsinlieuofsalary undersection17(3)Income- taxAct,1961	- - -	- - -
2.	StockOption	-	-
3.	SweatEquity	-	-
4.	Commission - as%ofprofit - others,specify…	-	-
5.	Others,pleasespecify	-	-
	Total(A)	-	-

B.Remunerationtootherdirectors:

Sl. No.	ParticularsofRemuneration	NameofDirectors	Total Amount in Rs.
	1.IndependentDirectors	NA
	·Feeforattendingboard committeemeetings ·Commission ·Others,pleasespecify	NIL	0.00
	Total(1)
	2.OtherNon-Executive Directors	NA
	·Feeforattendingboard committeemeetings ·Commission ·Others,pleasespecify	NIL	0.00
	Total(2)		0.00
	Total(B)=(1+2)		0.00
	TotalManagerial Remuneration		0.00

C. REMUNERATIONTOKEYMANAGERIALPERSONNELOTHERTHAN MD/MANAGER/WTD

Sl. no.	Particularsof Remuneration	KeyManagerialPersonnel
		CEO	CS	CFO	Total
1.	Grosssalary (a)Salaryasper provisions containedin section17(1)of theIncome-tax Act,1961 (b)Valueof perquisitesu/s 17(2)Income-tax Act,1961 (c)Profitsinlieuof salaryundersection 17(3)Income-tax Act,1961	-	-	-	-
2.	StockOption	-	-	-	-
3.	SweatEquity	-	-	-	-
4.	Commission - as%of profit -others,specify…	-	-	-	-
5.	Others,please specify	-	-	-	-
	Total	-	-	-	-

VII. PENALTIES/PUNISHMENT/COMPOUNDINGOFOFFENCES:

Type	Section of the Companies Act		Brief Description	Details of Penalty / Punishment /Compounding fees imposed	Authority [RD / NCLT / COURT]	Appeal made, if any (give details
A.COMPANY / DIRECTORS / OTHEROFFICERSINDEFAULT
Penalty		None
Punishment		None
Compounding		None

For and on behalf of the Board

Place : Indore

Date : 03.09.2021 (Chandrashekhar Gupta) (Samira Surbhi Gupta)

Director Director

(DIN: 08138808) (DIN: 08138809)

AIRCREWS AVIATION PRIVATE LIMITED

Reg. Off.: 301 Royal Regency, 7 Shikshak Nagar Airport Road Indore MP 452005

CIN: U74999MP2018PTC045859

Email: aircrewsaviation@gmail.com Mob. No. 9826008899

List of holders of Equity Shares of Rs. 10/- par share at the end of the Financial Year 31^st March, 2021

S. No.	Name, Father’s Name, Address of share holders	Number of Shares held	Percentage
1	Mr. Chandrashekhar Gupta S/o Mr. Vijay Kumar Gupta Makan No. 301 Royal Regency Airport Road, Indore Madhya Pradesh 452005	6000	60.00
2	Ms.Samira Surbhi Gupta D/o Mr. Suresh Prasad 07/301 Royal Regency, Shikshak Nagar,Aerodrum Road Indore MP 452010	4000	40.00
	Total	10000	100.00

For Aircrews Aviation Private Limited

(Chandrashekhar Gupta) (Samira Surbhi Gupta)

Director Director

(DIN: 08138808) (DIN: 08138809)

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AirCrews Aviation Pvt Ltd Final Report Year 2021

DIRECTORS’ REPORT

To,

The Members of

Aircrews Aviation Private Limited

Dear Members,

1. FINANCIAL PERFORMANCE

Profit after tax

2. CHANGE IN THE NATURE OF BUSINESS:

3. WORKING RESULTS

4. MATERIAL CHANGES BETWEEN THE DATE OF THE BOARD REPORT AND END OF FINANCIAL YEAR.

5. DIVIDEND

6. DIRECTOR

7. NUMBER OF MEETINGS OF THE BOARD:

8.DIRECTORS’ RESPONSIBILITY STATEMENT

9. STATUTORY AUDITORS

10. AUDITORS REPORT

11. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

12. RELATED PARTY TRANSACTIONS

13. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING & OUTGO

14. PARTICULARS OF EMPLOYEES:

15. CORPORATE SOCIAL RESPONSIBILITY

16. BUSINESS RISK MANAGEMENT

17. FORMAL ANNUAL EVALUATION

18. FIXED DEPOSITS

19. ADEQUACY OF INTERNAL FINANCIAL CONTROLS

20. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY’S OPERATIONS IN FUTURE:

21. DETAILS OF SEXUAL HARASSMENT COMPLAINTS

22. WEB LINK OF ANNUAL RETURN, IF ANY:

23. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

24. ACKNOWLEDGEMENT

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