Ace Ocean Resources Private Limited
About Ace Ocean Resources Private Limited
Data last updated:
Ace Ocean Resources Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 16 January 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51102MH2012PTC226116.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3 Lakh. It is led by directors Atul Malhotra Mohan and Amit Seth Keval.
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 is at 55 B – Wing 5th Floor Mittal Tower Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2019, the company reported a revenue of ₹10.8 Lakh. For the same year it recorded a net profit of ₹6.31 Lakh (net margin 58.4%) and EBITDA of ₹8.08 Lakh (EBITDA margin 74.8%). Revenue has grown at a compounded annual rate (CAGR) of 408% over three years.
Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ace Ocean Resources Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address55 B – Wing 5th Floor Mittal Tower Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Ace Ocean Resources 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
Financials of Ace Ocean Resources Private Limited
FY 2019 filings availableAce Ocean Resources Private Limited reported revenue of ₹10.8 Lakh for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 408% over three years. 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹10.8 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹8.08 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.31 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 74.8% | ||||
| Net Profit Margin | 58.4% | ||||
| 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 Ocean Resources Private Limited, buy the company report.
Board of directors of Ace Ocean Resources Private Limited
Ace Ocean Resources has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Malhotra Mohan Also directs: Bay Tankers Private Limited, Ace Resources and Solutions Private Limited, Crownlex Consultants LLP and 4 more | Director | 16 Jan 2012 | 14 Years 9 Months | Current |
| Amit Seth Keval Also directs: Alphafleet Shipping Services LLP, Rudramarine Tankers LLP, Ah Rigserve Oil Field Services Private Limited and 4 more | Director | 16 Jan 2012 | 14 Years 9 Months | Current |
Auditor
Ace Ocean Resources Private Limited is audited by GIRIRAJ BANG & COMPANY for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GIRIRAJ BANG & COMPANY | FY 2019 | 129434W |
Shareholding
The shareholding of Ace Ocean Resources Private Limited is on record for 4 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 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Ace Ocean Resources Private Limited, buy the company report.
Legal cases
Ace Ocean Resources Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CARBP) | Filed against the company by Bay Tankers Pvt Ltd | Disposed |
| Bombay High Court | Court case (CRR) | Filed against the company by Bay Tankers Pvt Ltd | Disposed |
To see the full case history of Ace Ocean Resources 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 Ocean Resources Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Ace Ocean Resources Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Ace Ocean Resources Private Limited has 2 board changes on record since 2012: 2 appointments. The latest: Amit Seth Keval was appointed as Director on 16 Jan 2012.
Frequently asked questions
Ace Ocean Resources is an active private limited company based in Mumbai, Maharashtra, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 16 January 2012 (14+ years old) and is registered under CIN U51102MH2012PTC226116.
Ace Ocean Resources has 2 current directors:
- Atul Malhotra Mohan - Director
- Amit Seth Keval - Director
The latest financial statements of Ace Ocean Resources 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 CIN (Corporate Identification Number) of Ace Ocean Resources is U51102MH2012PTC226116. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ace Ocean Resources has 2 court cases on record: 2 filed against it.
Ace Ocean Resources was incorporated on 16 January 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Amit Seth Keval was appointed as Director on 16 Jan 2012. Atul Malhotra Mohan was appointed as Director on 16 Jan 2012.
The registered office of Ace Ocean Resources is at 55 B – Wing 5th Floor Mittal Tower Nariman Point, Mumbai, Maharashtra, India – 400021.
Ace Ocean Resources operates in the transport and logistics industry, in the shipping and maritime services segment.
The compliance status of Ace Ocean Resources is compliant as of 21 September 2026. The company is actively filing with the Registrar of Companies.