Ace Furnaces Profile
Key Indicators
- Authorised Capital ₹ 5.00 M
- Paid Up Capital ₹ 5.00 M
- Company Age 10 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 12.43 Cr
- Satisfied Charges ₹ 6.59 Cr
- Revenue Growth 20.40%
- Profit Growth 18.85%
- Ebitda 27.53%
- Net Worth 70.68%
- Total Assets 9.32%
About Ace Furnaces
Ace Furnaces Private Limited (AFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 24 February 2014 and has a history of Ten years and 11 months. Its registered office is in Thane, Maharashtra, India.
The Company is engaged in the Machinery And Equipment 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 M and a paid-up capital of Rs 5.00 M.
The company currently has active open charges totaling ₹12.43 Cr. The company has closed loans amounting to ₹6.59 Cr, as per Ministry of Corporate Affairs (MCA) records.
Kailash Nasta, Nitin Phirake, Prashant Patil, and One other member serve as directors at the Company.
Company Details
- Location
Thane, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U29242MH2014PTC253538
- Company No.
253538
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
24 Feb 2014
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Ace Furnaces?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Prashant Patil  | Director | 19-Aug-2014 | Current |
| Kailash Nasta | Director | 19-Aug-2014 | Current |
| Nitin Phirake | Director | 19-Aug-2014 | Current |
| Amjad Sheikh | Director | 20-Feb-2015 | Current |
Financial Performance of Ace Furnaces.
Ace Furnaces Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 20.4% increase. The company also saw a substantial improvement in profitability, with a 18.85% increase in profit. The company's net worth Soared by an impressive increase of 70.68%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Ace Furnaces?
In 2023, Ace Furnaces had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Sam Heavy Engineering And Infra LlpAmjad Sheikh is a mutual person
Charges (Loans)
₹124.29 M
₹65.90 M
Charges Breakdown by Lending Institutions
- Others : 11.43 Cr
- Hdfc Bank Limited : 1.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Aug 2023 | Hdfc Bank Limited | ₹1.00 Cr | Open |
| 11 Nov 2022 | Others | ₹10.81 Cr | Open |
| 18 Aug 2017 | Others | ₹3.09 M | Open |
| 18 Aug 2017 | Others | ₹3.09 M | Open |
| 27 Sep 2021 | Others | ₹1.35 Cr | Satisfied |
How Many Employees Work at Ace Furnaces?
Ace Furnaces has a workforce of 65 employees as of Mar 27, 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 Furnaces, 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 Furnaces'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.
