About Ace Forwarders Private Limited
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Ace Forwarders Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 08 May 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93030MH2012PTC230712. Its GSTIN is 27AAKCA5653Q1ZY (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Bharat Shankarprasad Trivedi (Managing Director) and Rohit Rampal Mundra.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Ace House Plot No. 41 Sector 6 Sanpada, Navi Mumbai, Maharashtra, India – 400705.
As per the financials filed for FY 2023, the company reported a revenue of ₹389.55 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹13.48 Cr (net margin 3.5%) and EBITDA of ₹19.76 Cr (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 46% over five years.
The company has about 43 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹46 Cr on record. Court records list 31 cases involving the company, including 31 filed by the company; 31 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aceclearing.com.
Company details
Contact details
Ace Forwarders Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is aceclearing.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAce House Plot No. 41 Sector 6 Sanpada, Navi Mumbai, Maharashtra, India – 400705
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services, Cargo Services
To see the full contact details of Ace Forwarders 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 Forwarders 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 Forwarders Private Limited, buy the company report.
Financials of Ace Forwarders Private Limited
FY 2023 filings availableAce Forwarders Private Limited reported revenue of ₹389.55 Cr (down 13% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 46%. EBITDA fell 28% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹389.55 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹19.76 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.48 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.1% | ||||
| Net Profit Margin | 3.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Ace Forwarders Private Limited, buy the company report.
Board of directors of Ace Forwarders Private Limited
Ace Forwarders has 8 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohit Rampal Mundra | Director | 01 Jul 2022 | 4 Years 3 Months | Current |
| Ameya Bharat Trivedi Also directs: Ishvarya Realty LLP | Director | 01 Jul 2022 | 4 Years 3 Months | Current |
| Dilip Trimbak Sawant | Director | 01 Jul 2022 | 4 Years 3 Months | Current |
| Narayan Ramchandra Chube | Director | 01 Jul 2022 | 4 Years 3 Months | Current |
| Gauri Uday Sait | Director | 01 Jul 2022 | 4 Years 3 Months | Current |
| Kalpana Bharat Trivedi Also directs: Ishvarya Realty LLP | Director | 08 May 2012 | 14 Years 5 Months | Current |
Auditor
Ace Forwarders Private Limited is audited by V S T & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V S T & Co LLP | FY 2023 | W100802 |
Shareholding
The shareholding of Ace Forwarders Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ace Forwarders Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Mar 2024 | 100903330 | Hdfc Bank Limited | ₹2 Cr | Open | |
| 28 Jun 2019 | 100271969 | Hdfc Bank Limited | ₹44 Cr | Open |
To see the full charge records of Ace Forwarders Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Ace Forwarders Private Limited has 31 court cases on record: 31 filed by Ace Forwarders. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 31 | 0 | 31 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Sairaj Logistics Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Agrion Overseas Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Godavari Realistic Agro Exports Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Fairfeel Exports Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against BVG Agrotech Pvt Ltd and Ors | Pending |
To see the full case history of Ace Forwarders 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 Forwarders Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ace Forwarders Private Limited has a workforce of 43 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Ace Forwarders has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCA5653Q1ZY | Maharashtra | Active | 01 Jul 2017 |
| 07AAKCA5653Q1Z0 | Delhi | Active | 09 Oct 2022 |
To see the full GST registrations and return filing status of Ace Forwarders Private Limited, buy the company report.
Recent activity
Ace Forwarders Private Limited has 14 board changes on record since 2012: 8 appointments and 6 cessations. The latest: Ameya Bharat Trivedi ceased to be Additional Director on 30 Sep 2022.
8 earlier events are in the company report.
Frequently asked questions
Ace Forwarders is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 08 May 2012 (14+ years old) and is registered under CIN U93030MH2012PTC230712.
Ace Forwarders has 8 current directors:
- Bharat Shankarprasad Trivedi - Managing Director
- Rohit Rampal Mundra - Director
- Ameya Bharat Trivedi - Director
- Dilip Trimbak Sawant - Director
- Narayan Ramchandra Chube - Director
- Gauri Uday Sait - Director
- Kalpana Bharat Trivedi - Director
- Uday Pandurang Sait - Director
The latest financial statements of Ace Forwarders on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Ace Forwarders is 27AAKCA5653Q1ZY, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AAKCA5653Q1Z0 (Delhi).
The CIN (Corporate Identification Number) of Ace Forwarders is U93030MH2012PTC230712. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ace Forwarders has 31 court cases on record: 31 filed by the company. 31 are pending.
Ace Forwarders was incorporated on 08 May 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Ameya Bharat Trivedi ceased to be Additional Director on 30 Sep 2022. Bharat Shankarprasad Trivedi ceased to be Director on 30 Sep 2022. Dilip Trimbak Sawant ceased to be Additional Director on 30 Sep 2022. Ace Forwarders has 14 board changes on record in total.
Ace Forwarders can be reached through the website aceclearing.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The registered office of Ace Forwarders is at Ace House Plot No. 41 Sector 6 Sanpada, Navi Mumbai, Maharashtra, India – 400705.