Ace Turtle Commerce Private Limited

Textile, clothing, and footwear trading company based in Bangalore.

2021 | Bangaluru, Karnataka (India) | Active
Last Updated: November 17, 2024

Ace Turtle Commerce Profile

Key Indicators

  • Authorised Capital ₹ 3.00 M
  • Paid Up Capital ₹ 2.70 M
  • Company Age 3 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 45.00 Cr
  • Revenue Growth %
  • Profit Growth -168.95%
  • Ebitda -144.21%
  • Net Worth -120.55%
  • Total Assets 9.41%

About Ace Turtle Commerce

Ace Turtle Commerce Private Limited (ATCPL) is a Private Limited Indian Non-Government Company incorporated in India on 03 February 2021 (Three years and 11 months 27 days old ). Its registered office is in Bangaluru, Karnataka, India.

The Company is engaged in the Home & Lifestyle 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 3.00 M and a paid-up capital of Rs 2.70 M.

The company currently has active open charges totaling ₹45.00 Cr.

Nitin Chhabra and Brinder Singh serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U72200KA2021PTC143736

  • Company No.

    143736

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    03 Feb 2021

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Home & Lifestyle
Consumer Goods

Who are the key members and board of directors at Ace Turtle Commerce?

Board Members (2)

NameDesignationAppointment DateStatus
Nitin Chhabra Country flag representing In Director 03-Feb-2021Current
Brinder Singh Country flag representing In Director 03-Feb-2021Current

Financial Performance of Ace Turtle Commerce.

Ace Turtle Commerce Private Limited, for the financial year ended 2023, experienced no change in revenue, with a 0% increase. The company also saw a substantial fall in profitability, with a 168.95% decrease in profit. The company's net worth observed a substantial decline by a decrease of 120.55%.

Graph illustrating revenue growth over time
Graph showing 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
Revenue from Operations
Total Assets
9.41%
Profit or Loss
-168.95%
Net Worth
-120.55%
EBITDA
-144.21%

What is the Ownership and Shareholding Structure of Ace Turtle Commerce?

In 2023, Ace Turtle Commerce had a public holding of 99.99%. The company had 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹450.00 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 45.00 Cr

Latest Charge Details

DateLenderAmountStatus
28 Nov 2023Others₹45.00 CrOpen

How Many Employees Work at Ace Turtle Commerce?

Ace Turtle Commerce has a workforce of 0 employees as of Mar 28, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Ace Turtle Commerce, 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 Turtle Commerce'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 Turtle Commerce

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 450.00 M with Charge ID 100881465 was registered on 28 Nov 2023.

    28 Nov 2023

  • Annual General Meeting

    Ace Turtle Commerce Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

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

    31 Mar 2023

  • Director Appointment

    Nitin Chhabra was appointed as a Director was appointed as a Director on 03 Feb 2021 & has been associated with this company since 3 years 11 months .

    03 Feb 2021

  • Director Appointment

    Brinder Pal Singh was appointed as a Director was appointed as a Director on 03 Feb 2021 & has been associated with this company since 3 years 11 months .

    03 Feb 2021

  • Company Incorporation

    Ace Turtle Commerce Private Limited was registered on 03 Feb 2021 with Roc Bangalore & aged 3 years 11 months as per MCA records.

    03 Feb 2021

Recent News, Updates & Announcement

Frequently asked questions

  • Ace Turtle Commerce Private Limited was incorporated on 03 Feb 2021.

  • The authorized share capital of Ace Turtle Commerce Private Limited is ₹ 3.00 M and paid-up capital is ₹ 2.70 M.

  • Currently 2 directors are associated with Ace Turtle Commerce Private Limited.

    • Nitin Chhabra
    • Brinder Pal Singh
  • As per Ministry of Corporate Affairs (Mca), the registered address of Ace Turtle Commerce Private Limited is 701 To 714 Tower C 7Th Floor Diamond District Airport Roa D, Kodihal India, Bangalore, Karnataka, 560008.

  • The corporate identification number (CIN) of Ace Turtle Commerce Private Limited is U72200KA2021PTC143736 and the company number is 143736 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Ace Turtle Commerce Private Limited is https://www.aceturtle.com

  • The financial reports for the fiscal year 2023 indicates that The net worth of Ace Turtle Commerce Private Limited has experienced an downturn of -120.55%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Ace Turtle Commerce Private Limited amount to ₹ 45.00 Cr.

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