Ace Foods Private Limited

Manufacturer of ready-to-eat snacks with own distribution network, exporting to multiple countries.

1984 | Mangalore., Karnataka (India) | Active
Last Updated:

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

Food and Beverages

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)

NameDesignationAppointment DateStatus
Ajith Mangalore Country flag representing In Director 12-Feb-2018Current
Nirmala Pai Country flag representing In Director 03-Oct-2022Current
Neha Nayak Country flag representing In Director 04-Jul-2022Current

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%.

Ace Foods revenue growth over time
Ace Foods profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
17.38%
Revenue from Operations
17.91%
Total Assets
0.29%
Profit or Loss
-74.76%
Net Worth
2.57%
EBITDA
-14.13%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹11.37 Cr

Satisfied Charges

₹7.74 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 11.37 Cr

Latest Charge Details

DateLenderAmountStatus
27 Jan 2023Axis Bank Limited₹11.37 CrOpen
06 Mar 2013State Bank Of India₹5.99 CrSatisfied
24 Mar 2009Axis Bank Limited₹1.10 CrSatisfied
09 Jun 2005Uti Bank Limited₹3.00 MSatisfied
09 Jun 2005Uti Bank Ltd₹3.00 MSatisfied

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.

Employee growth trends for Ace Foods Private Limited

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Ace Foods

Recent activity within the organization

  • Charges

    A charge registered on 06 Mar 2013 via Charge ID 10423001 with State Bank Of India was fully satisfied on 25 Jan 2024.

  • Charges

    A charge with Axis Bank Limited of Rs. 11.37 Cr registered on 27 Jan 2023 with Charge ID 100689935 was modified on 23 Jan 2024.

  • Annual General Meeting

    Ace Foods Private Limited last Annual general meeting of members was held on 18 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Ace Foods Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 11.37 Cr with Charge ID 100689935 was registered on 27 Jan 2023.

  • Director Appointment

    Nirmala Annappa Pai was appointed as a Director was appointed as a Director on 03 Oct 2022 & has been associated with this company since 2 years 5 months .

Frequently asked questions

  • What is the Incorporation or founding date of Ace Foods Private Limited?

    Ace Foods Private Limited was incorporated on 09 May 1984.

  • What is authorized share capital and paid-up capital of Ace Foods Private Limited?

    The authorized share capital of Ace Foods Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 4.20 Cr.

  • Who are the current board members & directors of Ace Foods Private Limited?

    Currently 3 directors are associated with Ace Foods Private Limited.

    • Ajith Pai Mangalore
    • Nirmala Annappa Pai
    • Neha Nagesh Nayak

  • What is the registered address of Ace Foods Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Ace Foods Private Limited is C-30 Industrial EstateYeyyadi Mangalore Mangalore., Karnataka, India, 575008.

  • What is the corporate identification number (CIN) and company number of Ace Foods Private Limited?

    The corporate identification number (CIN) of Ace Foods Private Limited is U01549KA1984PTC006073 and the company number is 006073 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Ace Foods Private Limited?

    The Official website of Ace Foods Private Limited is https://www.acefoodspl.com

  • What has been the recent revenue trend for Ace Foods Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Ace Foods Private Limited has risen by 17.38%.

  • How many employees does Ace Foods Private Limited currently have?

    As Per 2023 financial reports, 129 employees are currently employed by Ace Foods Private Limited.

  • What change has been observed in the net worth of Ace Foods Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Ace Foods Private Limited has experienced an upsurge of 2.57%.

  • What are the total open charges for Ace Foods Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Ace Foods Private Limited amount to ₹ 11.37 Cr.

  • When was the last Balance Sheet of Ace Foods Private Limited filed with the ROC?

    The most recent Balance Sheet for Ace Foods Private Limited was filed with the ROC on 31 Mar 2023.

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