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 3rdAnnual Report on the performance of the Company for the financial year ended 31st March, 2021.

 

1.  FINANCIAL PERFORMANCE

 

PARTICULARS

31st March, 2021

(in Rs.)

31st 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) 30thJune, 2020 (2) 24thSeptember, 2020 (3) 9th December, 2020 (4) 20th March, 2021

 

The attendance of the Board Meeting is as under:

 

Name of Directors

Attendance

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

21st 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

1

NA

 

 

 

 

2

 

 

 

 

 

 

 

 

 

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

 

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.

ShareholdersName

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

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

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 31st 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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