About Ace Engineering Infratech (India) Private Limited
Data last updated:
Ace Engineering Infratech (India) Private Limited is a private limited company based in Jammu, Jammu And Kashmir, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 29 December 2010.
The company is registered with the Registrar of Companies (ROC), Jammu, under CIN U45209JK2010PTC003247. Its GSTIN is 01AAJCA2729A2ZE (Jammu and Kashmir). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹3.6 Cr and a paid-up capital of ₹3.6 Cr. It is led by directors Sumeet Resutra (Managing Director) and Puneet Resutra.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Lane No. 4 SIDCO Industrial Area Bari Brahmana, Jammu, Jammu and Kashmir, India – 181133.
As per the financials filed for FY 2018, the company reported a revenue of ₹10.02 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹4.77 Cr (net margin -47.6%) and EBITDA of -₹4.45 Cr (EBITDA margin -44.4%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years.
As per MCA filings, the company has open charges of ₹19.13 Cr and satisfied charges of ₹14.61 Cr on record. Court records list 8 cases involving the company, including 3 filed by the company and 5 filed against it; 3 cases are pending.
The last known website on record is aceinfratech.com.
Company details
Contact details
Ace Engineering Infratech (India) Private Limited's registered office is in Jammu, Jammu And Kashmir. Its website is aceinfratech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressLane No. 4 SIDCO Industrial Area Bari Brahmana, Jammu, Jammu and Kashmir, India – 181133
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Ace Engineering Infratech (India) 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 Engineering Infratech (India) is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Ace Engineering Infratech (India) Private Limited, buy the company report.
Financials of Ace Engineering Infratech (India) Private Limited
FY 2018 filings availableAce Engineering Infratech (India) Private Limited reported revenue of ₹10.02 Cr (up 8% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 8% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA fell 445% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹10.02 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹4.45 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹4.77 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -44.4% | |||
| Net Profit Margin | -47.6% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Ace Engineering Infratech (India) Private Limited, buy the company report.
Board of directors of Ace Engineering Infratech (India) Private Limited
Ace Engineering Infratech (India) has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Puneet Resutra | Director | 29 Dec 2010 | 15 Years 9 Months | As last reported |
| Sumeet Resutra | Managing Director | 29 Dec 2010 | 15 Years 9 Months | As last reported |
Peer comparison
Ace Engineering Infratech (India) Private Limited is compared with the 6 companies closest to it by revenue in the Infrastructure industry (Construction Services), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| GHK Constructions Private Limited | ₹10.03 Cr (FY 2024) | 30.0% | Bangalore, Karnataka, India | |||
| Maa Bhawani Infrastructre Private Limited | ₹10.02 Cr (FY 2025) | 374.0% | Patna, Bihar, India | |||
| Ace Engineering Infratech (India) Private Limitedthis company | ₹10.02 Cr (FY 2018) | -₹4.77 Cr | -47.6% | 8.0% | Jammu, Jammu And Kashmir, India | |
| Sidharth Construction and Trading Private Limited | ₹10.02 Cr (FY 2025) | 91.0% | Cuttack, Odisha, India | |||
| Mercury Infradev Private Limited | ₹10.02 Cr (FY 2016) | 19.0% | Delhi, India | |||
| Anp Atelier & Associates Company Private Limited | ₹10.01 Cr (FY 2022) | 9.0% | New Delhi, Delhi, India | |||
| Kuberaa Projects Limited | ₹10.01 Cr (FY 2024) | Pune, Maharashtra, India |
To see the full peer comparison of Ace Engineering Infratech (India) Private Limited, buy the company report.
Auditor
Ace Engineering Infratech (India) Private Limited is audited by SEHGAL RAJESH ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SEHGAL RAJESH ASSOCIATES | FY 2018 | 009283N |
Shareholding
The shareholding of Ace Engineering Infratech (India) Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ace Engineering Infratech (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Feb 2022 | 100547871 | Others | ₹57 Lakh | Open | |
| 10 Jun 2021 | 100459860 | Others | ₹55.8 Lakh | Open | |
| 31 Mar 2013 | 10428609 | The Jammu & Kashmir Bank Limited | ₹18 Cr | Open | |
| 15 Nov 2011 | 10328067 | The Jammu & Kashmir Limited | ₹45 Lakh | Satisfied | |
| 14 Nov 2011 | 10328174 | The Jammu & Kashmir Bank Limited | ₹2 Cr | Satisfied |
To see the full charge records of Ace Engineering Infratech (India) Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Ace Engineering Infratech (India) Private Limited has 8 court cases on record: 3 filed by Ace Engineering Infratech (India), 5 filed against it. 3 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 2 |
| High courts | 3 | 0 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed against the company by Bharat Heavy Electricals Limited | Pending |
| District court, South East, Delhi | Criminal case | Filed against the company by M/S Industrial Foams Private Limited | Pending |
| High Court of Delhi | Arbitration matter | Filed by the company against Konkan Railway Corporation Limited | Disposed |
| High Court, JAMMU AND KASHMIR | Writ petition | Filed by the company against Jammu and Kashmir Bank Limited and 1 other | Disposed |
| District court, Jammu, Jammu and Kashmir | Court case (Recovery SuitCivil) | Filed against the company by JK Bank | Disposed |
To see the full case history of Ace Engineering Infratech (India) Private Limited, 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 Engineering Infratech (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ace Engineering Infratech (India) Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
Ace Engineering Infratech (India) has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 01AAJCA2729A2ZE | Jammu and Kashmir | Active | 08 Jul 2017 |
| 09AAJCA2729A1ZZ | Uttar Pradesh | Active | 01 Jul 2017 |
| 06AAJCA2729A2Z4 | Haryana | Active | 04 Dec 2017 |
To see the full GST registrations and return filing status of Ace Engineering Infratech (India) Private Limited, buy the company report.
Recent activity
Ace Engineering Infratech (India) Private Limited has 4 board changes on record since 2010: 2 appointments and 2 cessations. The latest: Chandan Datta ceased to be Director on 01 Jun 2022.
6 earlier events are in the company report.
Frequently asked questions
Ace Engineering Infratech (India) is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Ace Engineering Infratech (India) is a company under insolvency, formerly operating as a private limited company based in Jammu, Jammu And Kashmir, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 29 December 2010 and is registered under CIN U45209JK2010PTC003247. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ace Engineering Infratech (India) has 2 current directors:
- Sumeet Resutra - Managing Director
- Puneet Resutra - Director
The latest financial statements of Ace Engineering Infratech (India) on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ace Engineering Infratech (India) is U45209JK2010PTC003247. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ace Engineering Infratech (India) has open charges of ₹19.13 Cr and satisfied charges of ₹14.61 Cr as per latest MCA filings.
Ace Engineering Infratech (India) has 8 court cases on record: 3 filed by the company and 5 filed against it. 3 are pending. Most are in the district courts.
Ace Engineering Infratech (India) was incorporated on 29 December 2010. It is registered with the Registrar of Companies, Jammu.
The peers of Ace Engineering Infratech (India) by revenue are GHK Constructions Private Limited, Maa Bhawani Infrastructre Private Limited, Sidharth Construction and Trading Private Limited, Mercury Infradev Private Limited, Anp Atelier & Associates Company Private Limited and 1 more, all in the Infrastructure industry (Construction Services), with the same principal business activity (buildings).
Chandan Datta ceased to be Director on 01 Jun 2022. Arvinder Jit Singh ceased to be Additional Director on 29 Sep 2018. Puneet Resutra was appointed as Director on 29 Dec 2010. Ace Engineering Infratech (India) has 4 board changes on record in total.
Ace Engineering Infratech (India) can be reached through the website aceinfratech.com. Its registered office is in Jammu, Jammu And Kashmir, India.