Ace Motors Profile
Key Indicators
- Authorised Capital ₹ 5.25 Cr
as on 16-11-2024
- Paid Up Capital ₹ 3.52 Cr
as on 16-11-2024
- Company Age 29 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 6.90 Cr
as on 16-11-2024
- Satisfied Charges ₹ 7.11 Cr
as on 16-11-2024
- Revenue 16.77%
(FY 2023)
- Profit 231.70%
(FY 2023)
- Ebitda -78.40%
(FY 2023)
- Net Worth 12.14%
(FY 2023)
- Total Assets 29.52%
(FY 2023)
About Ace Motors
The Corporate was formerly known as Ace Motors Limited. The Company is engaged in the Automotive Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 5.25 Cr and a paid-up capital of Rs 3.52 Cr.
The company currently has active open charges totaling ₹6.90 Cr. The company has closed loans amounting to ₹7.11 Cr, as per Ministry of Corporate Affairs (MCA) records.
Krishnanand Kamath, Sadanand Kamath, and Nityanand Kamath serve as directors at the Company.
- CIN/LLPIN
U50102KL1995PTC009405
- Company No.
009405
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
13 Sep 1995
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ernakulam
Industry
Company Details
- Location
Kozhikode, Kerala, India
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at Ace Motors?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nityanand Kamath  | Managing Director | 13-Sep-1995 | Current |
| Krishnanand Kamath | Managing Director | 13-Sep-1995 | Current |
Board Members(1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sadanand Kamath | Director | 13-Sep-1995 | Current |
Financial Performance and Corporate Structure Insights of Ace Motors.
Ace Motors Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 16.77% increase. The company also saw a substantial improvement in profitability, with a 231.7% increase in profit. The company's net worth Soared by an impressive increase of 12.14%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Ace Motors?
In 2023, Ace Motors 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)
Ace Transworld Engineering Private LimtedActive 18 years 5 monthsKrishnanand Kamath, Sadanand Kamath and 1 more are mutual person
- Ace Structures Private LimitedActive 23 years 5 months
Krishnanand Kamath, Sadanand Kamath and 1 more are mutual person
- Ace Automobiles Private LimitedActive 28 years 5 months
Krishnanand Kamath, Sadanand Kamath and 1 more are mutual person
- Ace Finlease Private LimitedActive 28 years 4 months
Krishnanand Kamath, Sadanand Kamath and 1 more are mutual person
Trio Holdings Private LimitedActive 27 years 7 monthsKrishnanand Kamath, Sadanand Kamath and 1 more are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
State Bank Of India Creation Date: 07 Jan 2005 | ₹6.90 Cr | Open |
State Bank Of India Creation Date: 16 Sep 2020 | ₹1.65 Cr | Satisfied |
State Bank Of Travancore Creation Date: 28 Mar 2008 | ₹1.00 Cr | Satisfied |
How Many Employees Work at Ace Motors?
Ace Motors has a workforce of 79 employees as of Apr 08, 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 Motors, 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 Motors'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.
