About Ace Metals Pvt. Ltd.
Data last updated:
Ace Metals Pvt. Ltd. was a private limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the brokerage and trading services segment of the financial services sector. It was incorporated on 18 December 2006.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U27101MH2006PTC273240. Its GSTIN is 27AAHCA9485B1ZI (Maharashtra).
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Harakhchand Nagindas Shah and Hitesh Harakchand Shah.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 3/18 A C Market Tardeo Road, Mumbai, Maharashtra, India – 400034.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.85 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.31 Lakh (net margin -70.7%) and EBITDA of ₹5,338 (EBITDA margin 2.9%). Revenue has declined at a compounded annual rate (CAGR) of 93% over three years and 82% over five years.
Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
The last known website on record is asscoent.com.
Company details
CIN history
Ace Metals has one previous CIN (Corporate Identification Number): U27101GJ2006PTC049594. The current CIN is U27101MH2006PTC273240, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27101MH2006PTC273240 | Current |
| U27101GJ2006PTC049594 | Previous |
Contact details
Ace Metals Pvt. Ltd.'s registered office is in Mumbai, Maharashtra. Its website is asscoent.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3/18 A C Market Tardeo Road, Mumbai, Maharashtra, India – 400034
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Ace Metals Pvt. Ltd., buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Ace Metals is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ace Metals Pvt. Ltd., buy the company report.
Financials of Ace Metals Pvt. Ltd.
FY 2022 filings availableAce Metals Pvt. Ltd. reported revenue of ₹1.85 Lakh (up 650% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 650% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 82%. EBITDA rose 102% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹5,338 | ||||
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| Net Profit (PAT) | -₹1.31 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.9% | ||||
| Net Profit Margin | -70.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ace Metals Pvt. Ltd., buy the company report.
Board of directors of Ace Metals Pvt. Ltd.
Ace Metals has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harakhchand Nagindas Shah | Director | 01 Apr 2019 | 7 Years 6 Months | As last reported |
| Hitesh Harakchand Shah Also directs: Volition Trading Private Limited | Director | 18 Dec 2006 | 19 Years 10 Months | As last reported |
Auditor
Ace Metals Pvt. Ltd. is audited by R J KOTHARI & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R J KOTHARI & ASSOCIATES | FY 2019 | 105320W |
Shareholding
The shareholding of Ace Metals Pvt. Ltd. is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ace Metals Pvt. Ltd., buy the company report.
Legal cases
Ace Metals Pvt. Ltd. has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL.CASE) | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Police cases PW) | Filed against the company by an individual | Disposed |
To see the full case history of Ace Metals Pvt. Ltd., buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ace Metals Pvt. Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ace Metals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCA9485B1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ace Metals Pvt. Ltd., buy the company report.
Recent activity
Ace Metals Pvt. Ltd. has 6 board changes on record since 2006: 2 appointments and 4 cessations. The latest: Harakhchand Nagindas Shah ceased to be Additional Director on 30 Nov 2021.
Frequently asked questions
Ace Metals has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Ace Metals was a private limited company based in Mumbai, Maharashtra, India. The company worked in brokerage and trading services, within the financial services industry. It was incorporated on 18 December 2006 and is registered under CIN U27101MH2006PTC273240. The company has been struck off by the Registrar of Companies and is no longer operational.
Ace Metals had 2 directors:
- Harakhchand Nagindas Shah - Director
- Hitesh Harakchand Shah - Director
The CIN (Corporate Identification Number) of Ace Metals is U27101MH2006PTC273240. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Ace Metals is at 318 A C Market Tardeo Road, Mumbai, Maharashtra, India – 400034.
Ace Metals was incorporated on 18 December 2006. It is registered with the Registrar of Companies, Mumbai.
Ace Metals can be reached through the website asscoent.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Ace Metals on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Ace Metals is 27AAHCA9485B1ZI, registered in Maharashtra.
Ace Metals operated in the financial services industry, in the brokerage and trading services segment. It worked in this industry before it was struck off.