Ace Shipping Private Limited
About Ace Shipping Private Limited
Data last updated:
Ace Shipping Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the water transportation segment of the transportation sector. It was incorporated on 16 June 1996.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U35110MH1996PTC100242. Its GSTIN is 27AABCA2716R1ZF (Maharashtra). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Darshan Atool Sheth and Ashish Atool Sheth.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Kulkarni Patil Bhavan 2 Ndfloor 14 Mauzban Rd Opp New Empire Theatre, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.26 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net profit of ₹3.16 Lakh (net margin 2.5%) and EBITDA of ₹5.66 Lakh (EBITDA margin 4.5%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years.
The company had about 10 employees on its provident fund (EPFO) records before it was dissolved.
Company details
Contact details
Ace Shipping Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressKulkarni Patil Bhavan 2 Ndfloor 14 Mauzban Rd Opp New Empire Theatre, Mumbai, Maharashtra, India – 400001
- IndustryTransportation, Water Transportation
To see the full contact details of Ace Shipping Private Limited, 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 Shipping is transport and storage. In detail, this covers water transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport |
To see the full business activity and turnover split of Ace Shipping Private Limited, buy the company report.
Financials of Ace Shipping Private Limited
FY 2019 filings availableAce Shipping Private Limited reported revenue of ₹1.26 Cr (down 37% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over three years, including a 37% fall in the latest year. EBITDA fell 90% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹5.66 Lakh | ||||
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| Net Profit (PAT) | ₹3.16 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | |||||
| EBITDA Margin | 4.5% | ||||
| Net Profit Margin | 2.5% | ||||
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To see the full financial statements and ratios of Ace Shipping Private Limited, buy the company report.
Board of directors of Ace Shipping Private Limited
Ace Shipping has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Darshan Atool Sheth Also directs: Gujarat Multimodal Logistics Park Private Limited, Cel Logistics Private Limited, CKB Global Logistics Private Limited and 3 more | Director | 16 Jun 1996 | 30 Years 4 Months | As last reported |
| Ashish Atool Sheth | Director | 05 Nov 1996 | 29 Years 11 Months | As last reported |
| Atool Surendra Sheth | Director | 05 Nov 1996 | 29 Years 11 Months | As last reported |
| Apurva Ashwin Sheth Also directs: Gujarat Multimodal Logistics Park Private Limited, Cel Logistics Private Limited, Celware Logistics Private Limited and 3 more | Director | 05 Nov 1996 | 29 Years 11 Months | As last reported |
| Anand Arvind Sheth Also directs: Gujarat Multimodal Logistics Park Private Limited, Drewes Logistics India Private Limited, Cel Logistics Private Limited and 2 more | Director | 16 Jun 1996 | 30 Years 4 Months | As last reported |
Peer comparison
Ace Shipping Private Limited is compared with the 6 companies closest to it by revenue in the same principal business activity (water transport), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zebel Logistics Private Limited | ₹1.28 Cr (FY 2025) | 74.0% | Tuticorin, Tamil Nadu, India | |||
| Consignis Global Private Limited | ₹1.27 Cr (FY 2023) | Mumbai, Maharashtra, India | ||||
| Ace Shipping Private Limitedthis company | ₹1.26 Cr (FY 2019) | ₹3.16 Lakh | 2.5% | -37.0% | 10 | Mumbai, Maharashtra, India |
| Shreyanshi Shipping & Forwarding Private Limited | ₹1.26 Cr (FY 2024) | -45.0% | New Delhi, Delhi, India | |||
| Orion Shipping Company Private Limited | ₹1.26 Cr (FY 2023) | -23.0% | Corlim, Goa, India | |||
| Relay Shipping Agency Limited | ₹1.24 Cr (FY 2018) | -84.0% | Mumbai, Maharashtra, India | |||
| V-Map Container Line Private Limited | ₹1.23 Cr (FY 2024) | Chennai, Tamil Nadu, India |
To see the full peer comparison of Ace Shipping Private Limited, buy the company report.
Auditor
Ace Shipping Private Limited is audited by DALAL DOCTOR & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DALAL DOCTOR & ASSOCIATES | FY 2017 | 120833W |
Shareholding
The shareholding of Ace Shipping Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ace Shipping Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ace Shipping Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ace Shipping Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ace Shipping Private Limited has a workforce of 10 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Ace Shipping has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCA2716R1ZF | Maharashtra | Active | 01 Jul 2017 |
| 24AABCA2716R1ZL | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ace Shipping Private Limited, buy the company report.
Recent activity
Ace Shipping Private Limited has 7 board changes on record since 1996: 5 appointments and 2 cessations. The latest: Ashwin Surendra Sheth ceased to be Director on 29 Oct 2015.
Frequently asked questions
Ace Shipping has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Ace Shipping was a private limited company based in Mumbai, Maharashtra, India. The company worked in water transportation, within the transportation industry. It was incorporated on 16 June 1996 and is registered under CIN U35110MH1996PTC100242. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ace Shipping was incorporated on 16 June 1996. It is registered with the Registrar of Companies, Mumbai.
Ace Shipping had 5 directors:
- Darshan Atool Sheth - Director
- Ashish Atool Sheth - Director
- Atool Surendra Sheth - Director
- Apurva Ashwin Sheth - Director
- Anand Arvind Sheth - Director
The CIN (Corporate Identification Number) of Ace Shipping is U35110MH1996PTC100242. 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 Shipping is at Kulkarni Patil Bhavan 2 Ndfloor 14 Mauzban Rd Opp New Empire Theatre, Mumbai, Maharashtra, India – 400001.
The latest financial statements of Ace Shipping on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Ace Shipping is 27AABCA2716R1ZF, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AABCA2716R1ZL (Gujarat).
Ace Shipping operated in the transportation industry, in the water transportation segment.
The peers of Ace Shipping by revenue are Zebel Logistics Private Limited, Consignis Global Private Limited, Shreyanshi Shipping & Forwarding Private Limited, Orion Shipping Company Private Limited, Relay Shipping Agency Limited and 1 more, all in the same principal business activity (water transport).
Ashwin Surendra Sheth ceased to be Director on 29 Oct 2015. Arvind Surendrabhai Sheth ceased to be Director on 21 Jun 2014. Apurva Ashwin Sheth was appointed as Director on 05 Nov 1996. Ace Shipping has 7 board changes on record in total.