Ace Foods Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 4.20 Cr
- Company Age 40 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 11.37 Cr
- Satisfied Charges ₹ 7.74 Cr
- Revenue Growth 17.38%
- Profit Growth -74.76%
- Ebitda -14.13%
- Net Worth 2.57%
- Total Assets 0.29%
About Ace Foods
Ace Foods Private Limited (AFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 09 May 1984 and has a history of 40 years and nine months. Its registered office is in Mangalore., Karnataka, India.
The Company is engaged in the Food And Beverages Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 4.20 Cr.
The company currently has active open charges totaling ₹11.37 Cr. The company has closed loans amounting to ₹7.74 Cr, as per Ministry of Corporate Affairs (MCA) records.
Ajith Mangalore, Nirmala Pai, and Neha Nayak serve as directors at the Company.
Company Details
- Location
Mangalore., Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U01549KA1984PTC006073
- Company No.
006073
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
09 May 1984
- Date of AGM
18 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
What products or services does Ace Foods Private Limited offer?
Ace Foods Private Limited offers a wide range of products and services, including Snacks and Namkeen, Chips.
Who are the key members and board of directors at Ace Foods?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ajith Mangalore  | Director | 12-Feb-2018 | Current |
| Nirmala Pai | Director | 03-Oct-2022 | Current |
| Neha Nayak | Director | 04-Jul-2022 | Current |
Financial Performance of Ace Foods.
Ace Foods Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 17.38% increase. The company also saw a substantial fall in profitability, with a 74.76% decrease in profit. The company's net worth moved up by a moderate rise of 2.57%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Ace Foods?
In 2023, Ace Foods had a promoter holding of 51.52% and a public holding of 48.48%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Ajith Mangalore is a mutual person
Spoton Supply Chain Solutions Private LimitedAjith Mangalore is a mutual person
Dmt Strategists LlpAjith Mangalore is a mutual person
- Orion Supply Chain Private Limited
Ajith Mangalore is a mutual person
Charges (Loans)
₹11.37 Cr
₹7.74 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 11.37 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Jan 2023 | Axis Bank Limited | ₹11.37 Cr | Open |
| 06 Mar 2013 | State Bank Of India | ₹5.99 Cr | Satisfied |
| 24 Mar 2009 | Axis Bank Limited | ₹1.10 Cr | Satisfied |
| 09 Jun 2005 | Uti Bank Limited | ₹3.00 M | Satisfied |
| 09 Jun 2005 | Uti Bank Ltd | ₹3.00 M | Satisfied |
How Many Employees Work at Ace Foods?
Ace Foods has a workforce of 129 employees as of Mar 29, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Ace Foods, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Ace Foods's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
