Ace Cooling System Private Limited
About Ace Cooling System Private Limited
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Ace Cooling System Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 17 May 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U29192TN2002PTC048948. Its GSTIN is 33AAECA1760G1Z4 (Tamil Nadu).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5.33 Lakh. It is led by directors Nagarajan (Managing Director) and Barath Nagarajan.
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 is at No. 14/25A 46th Street Manthope Colony 7th Avenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083.
As per the financials filed for FY 2022, the company reported a revenue of ₹98.09 Lakh, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹14.99 Lakh (net margin -15.3%) and EBITDA of ₹88,674 (EBITDA margin 0.9%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years and 14% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.21 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ace Cooling System Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressNo. 14/25A 46th Street Manthope Colony 7th Avenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Ace Cooling System 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 activities of Ace Cooling System are trade and manufacturing. In detail, this covers wholesale trading and repair & installation of machinery & equipment, motor vehicles. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Ace Cooling System Private Limited, buy the company report.
Financials of Ace Cooling System Private Limited
FY 2022 filings availableAce Cooling System Private Limited reported revenue of ₹98.09 Lakh (up 16% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 16% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 14%. EBITDA rose 101% 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 | ₹88,674 | ||||
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| Net Profit (PAT) | -₹14.99 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 0.9% | ||||
| Net Profit Margin | -15.3% | ||||
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To see the full financial statements and ratios of Ace Cooling System Private Limited, buy the company report.
Board of directors of Ace Cooling System Private Limited
Ace Cooling System has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nagarajan | Managing Director | 17 May 2002 | 24 Years 5 Months | Current |
| Barath Nagarajan | Director | 04 Mar 2019 | 7 Years 7 Months | Current |
Peer comparison
Ace Cooling System Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kairos Kitchenware Private Limited | ₹98.63 Lakh (FY 2025) | 102.0% | Kolkata, West Bengal, India | |||
| Ace Cooling System Private Limitedthis company | ₹98.09 Lakh (FY 2022) | -₹14.99 Lakh | -15.3% | 16.0% | 2 | Chennai, Tamil Nadu, India |
| Omaxe Appliances Private Limited | ₹97.99 Lakh (FY 2020) | 48.0% | Delhi, India | |||
| TND Technologies Private Limited | ₹97.64 Lakh (FY 2025) | 221.0% | Delhi, India |
To see the full peer comparison of Ace Cooling System Private Limited, buy the company report.
Auditor
Ace Cooling System Private Limited is audited by J KEERTHIVASAN & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J KEERTHIVASAN & CO | FY 2020 | 009201S |
Shareholding
The shareholding of Ace Cooling System Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | 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 Cooling System Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Oct 2013 | 10459480 | Canara Bank | ₹9.25 Lakh | Open | |
| 15 Jun 2008 | 10116617 | Others | ₹94.4 Lakh | Open | |
| 25 Feb 2005 | 90288044 | Bank of Maharashtra | ₹14 Lakh | Open | |
| 13 Jul 2004 | 90283290 | Bank of Maharashtra | ₹3 Lakh | Open |
To see the full charge records of Ace Cooling System Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Ace Cooling System 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 Cooling System Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ace Cooling System Private Limited has a workforce of 2 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Ace Cooling System has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECA1760G1Z4 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ace Cooling System Private Limited, buy the company report.
Recent activity
Ace Cooling System Private Limited has 4 board changes on record since 2002: 3 appointments and 1 cessation. The latest: Barath Nagarajan was appointed as Director on 04 Mar 2019.
1 earlier event is in the company report.
Frequently asked questions
Ace Cooling System is an active private limited company based in Chennai, Tamil Nadu, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 17 May 2002 (24+ years old) and is registered under CIN U29192TN2002PTC048948.
Ace Cooling System has 2 current directors:
- Nagarajan - Managing Director
- Barath Nagarajan - Director
The latest financial statements of Ace Cooling System 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 Cooling System is 33AAECA1760G1Z4, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Ace Cooling System is U29192TN2002PTC048948. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ace Cooling System was incorporated on 17 May 2002, making it 24+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Ace Cooling System by revenue are Kairos Kitchenware Private Limited, Omaxe Appliances Private Limited, TND Technologies Private Limited, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Barath Nagarajan was appointed as Director on 04 Mar 2019. Alamelu ceased to be Director on 14 Dec 2018. Alamelu was appointed as Director on 24 Jan 2005. Ace Cooling System has 4 board changes on record in total.
The registered office of Ace Cooling System is at No. 1425A 46th Street Manthope Colony 7th Avenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083.
Ace Cooling System operates in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
Ace Cooling System has open charges of ₹1.21 Cr and no satisfied charges on record as per latest MCA filings.
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