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The best way how you can format AS code by using FB are:<br />
1) Select All (Ctrl + A)<br />
2) Cut (Ctrl + X)<br />
3) Paste (Ctrl + V)<br />
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On right click you can also use Source-Organized Imports (for removing unused imports)<br />
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Unfortunately that all :( <br />

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Is there any plugin Flash Builder plugin available for checking *.as coading style. 
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Is there any plugin Flash Builder plugin available for checking *.as coading style. 

Checkstyle for Adobe Flex

Apache Flex is a highly productive, open source application framework for building and maintaining expressive web applications that deploy consistently on all major browsers, desktops and devices (including smartphones, tablets and television). It provides a modern, standards-based language and programming model that supports common design patterns suitable for developers from many backgrounds. Flex applications can be deployed to the Adobe Player in the browser, Adobe AIR on desktop and mobile devices or to native Android, iOS, Windows or Mac applications.