About Eca Trading Services Limited
Data last updated:
Eca Trading Services Limited was a public limited company based in Ahmedabad, Gujarat, India. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 31 March 1956.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51100GJ1956PLC000597. Its GSTIN is 24AAACT7281P1ZT (Gujarat). The company held 4 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹200 Cr and a paid-up capital of ₹109.49 Cr. It was formerly known as Adcx Trading Services Limited and Race Trading Services Limited. It was led by directors including Narayan Subramaniam Ayypankav and Amit Harilal Ruparelia.
Its last annual general meeting (AGM) was held on 24 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 1st Floor Popular House Ashram Road Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2021, the company reported a revenue of ₹63.21 Lakh, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹31.68 Lakh (net margin 50.1%) and EBITDA of ₹31.69 Lakh (EBITDA margin 50.1%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years.
The company had about 2 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 1 case is pending. The company has 5 deals on record (3 acquisitions, 2 secondary share transfers); the latest was in March 2021. Its 10 peer companies in the same principal business activity (other financial activities) are compared by revenue, 5 larger and 5 smaller; the largest is Vagmi Financials Private Limited with revenue of ₹63.27 Lakh.
The last known website on record is aceindia.com.
Company details
Name history
Eca Trading Services has undergone 9 name changes throughout its history. The current legal name is Eca Trading Services Limited.
| Company Name | Status |
|---|---|
| Eca Trading Services Limited | Current |
| Adcx Trading Services Limited | Previous |
| Race Trading Services Limited | Previous |
| Pace Trading Services Limited | Previous |
| Manifest Trading Services Limited | Previous |
| Phase Trading Services Limited | Previous |
| Ace Derivatives And Commodity Exchange Limited | Previous |
| Ahmedabad Commodity Exchange Limited | Previous |
| Acdx Trading Services Limited | Previous |
| Cace Trading Services Limited | Previous |
CIN history
Eca Trading Services has one previous CIN (Corporate Identification Number): U67100GJ1956PLC000597. The current CIN is U51100GJ1956PLC000597, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51100GJ1956PLC000597 | Current |
| U67100GJ1956PLC000597 | Previous |
Contact details
Eca Trading Services Limited's registered office is in Ahmedabad, Gujarat. Its website is aceindia.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address1st Floor Popular House Ashram Road Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryFinancial Services, Financial Activities
To see the full contact details of Eca Trading Services 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 Eca Trading Services is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
Financials of Eca Trading Services Limited
FY 2021 filings availableEca Trading Services Limited reported revenue of ₹63.21 Lakh (down 16% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 16% over three years, including a 16% fall in the latest year. EBITDA fell 71% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹63.21 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹31.69 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹31.68 Lakh | ||||
| 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 50.1% | ||||
| Net Profit Margin | 50.1% | ||||
| 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 Eca Trading Services Limited, buy the company report.
Board of directors of Eca Trading Services Limited
Eca Trading Services has 6 current directors and 63 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narayan Subramaniam Ayypankav | Director | 04 Aug 2009 | 17 Years 2 Months | As last reported |
| Amit Harilal Ruparelia Also directs: Trend Setters Impex Private Limited | Director | 18 Dec 2013 | 12 Years 10 Months | As last reported |
| Trivikram Sadashiva Kamath Also directs: Kotak Securities Limited | Director | 20 Mar 2020 | 6 Years 7 Months | As last reported |
| Neesha Nilesh Samant | Director | 29 Mar 2018 | 8 Years 6 Months | As last reported |
| Sanjay Dattatray Panse Also directs: S Panse & Co LLP, Sbicap Trustee Company Limited, Sbi Payment Services Private Limited and 1 more | Director | 28 Jun 2016 | 10 Years 4 Months | As last reported |
| Prakash Narharibhai Nayak | Director | 04 Aug 2009 | 17 Years 2 Months | As last reported |
Peer comparison
Eca Trading Services Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vagmi Financials Private Limited | ₹63.27 Lakh (FY 2024) | -6.0% | Delhi, India | |||
| Larren Square Management Private Limited | ₹63.26 Lakh (FY 2025) | -5.0% | Agra, Uttar Pradesh, India | |||
| Ambalica Finvest Private Limited | ₹63.24 Lakh (FY 2024) | 7.0% | Chandigarh, India | |||
| Mahanta Group Holdings Private Limited | ₹63.22 Lakh (FY 2022) | -6.0% | Guwahati, Assam, India | |||
| Bee Ess Financial Services Private Limited | ₹63.22 Lakh (FY 2024) | 731.0% | Jaipur, Rajasthan, India | |||
| Eca Trading Services Limitedthis company | ₹63.21 Lakh (FY 2021) | ₹31.68 Lakh | 50.1% | -16.0% | 2 | Ahmedabad, Gujarat, India |
| Icon Financial Services Pvt.Ltd. | ₹63.2 Lakh (FY 2024) | -38.0% | Kolkata, West Bengal, India | |||
| Somapaa Gold Mercantile Private Limited | ₹63.18 Lakh (FY 2018) | -77.0% | Madurai, Tamil Nadu, India | |||
| Lactose Vinimay Pvt Ltd | ₹63.15 Lakh (FY 2025) | 339.0% | Kolkata, West Bengal, India | |||
| M K Forex Private Limited | ₹63.14 Lakh (FY 2025) | -55.0% | New Delhi, Delhi, India | |||
| Vysravana Suvarnna Nidhi Limited | ₹63.14 Lakh (FY 2024) | 14.0% | Kozhikode, Kerala, India |
To see the full peer comparison of Eca Trading Services Limited, buy the company report.
Auditor
Eca Trading Services Limited is audited by K P B & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K P B & ASSOCIATES | FY 2021 | 114841W |
Shareholding
The shareholding of Eca Trading Services Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Eca Trading Services Limited, buy the company report.
Deals & funding
Eca Trading Services Limited has 5 deals on record (3 acquisitions, 2 secondary share transfers); the latest was in March 2021.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Kotak Securities Limited Seller: Kotak Mahindra Bank Limited |
| Mar 2020 | Secondary share transfer | Undisclosed | Seller: Kotak Mahindra Prime Limited , Kotak Mahindra Bank Limited |
| Nov 2011 | Acquisition | ₹19.96 Cr | Seller: Kotak Mahindra Bank Limited |
| Jun 2010 | Acquisition | ₹43.05 Cr | Buyer: Kotak Mahindra Bank Limited , Union Bank of India Limited , Corporation Bank Ltd |
| May 2009 | Acquisition | ₹1.74 Cr | Buyer: Kotak Mahindra Bank Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Eca Trading Services Limited has 6 court cases on record: 2 filed by Eca Trading Services, 4 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 1 |
| High courts | 2 | 2 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SMCST) | Filed against the company by an individual | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by Maheshbhai Shankerlal Shah Prop. of Prakash Mill Stores Trading Co(Legal Heir) | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Trisuns Chemical Industry Ltd. | Disposed |
To see the full case history of Eca Trading Services 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 Eca Trading Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Eca Trading Services Limited has a workforce of 2 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Eca Trading Services has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACT7281P1ZT | Gujarat | Active | 01 Jul 2017 |
| 27AAACT7281P1ZN | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Eca Trading Services Limited, buy the company report.
Recent activity
Eca Trading Services Limited has 62 board changes on record since 2007: 6 appointments and 56 cessations. The latest: Trivikram Sadashiva Kamath ceased to be Additional Director on 26 Nov 2020.
53 earlier events are in the company report.
Frequently asked questions
Eca Trading Services has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Eca Trading Services was a public limited company based in Ahmedabad, Gujarat, India. The company worked in financial activities, within the financial services industry. It was incorporated on 31 March 1956 and is registered under CIN U51100GJ1956PLC000597. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Eca Trading Services was incorporated on 31 March 1956. It is registered with the Registrar of Companies, Ahmedabad.
Eca Trading Services had 6 directors:
- Narayan Subramaniam Ayypankav - Director
- Amit Harilal Ruparelia - Director
- Trivikram Sadashiva Kamath - Director
- Neesha Nilesh Samant - Director
- Sanjay Dattatray Panse - Director
- Prakash Narharibhai Nayak - Director
The CIN (Corporate Identification Number) of Eca Trading Services is U51100GJ1956PLC000597. 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 Eca Trading Services is at 1st Floor Popular House Ashram Road Navrangpura, Ahmedabad, Gujarat, India – 380009.
Eca Trading Services can be reached through the website aceindia.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Eca Trading Services on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 24 September 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Eca Trading Services is 24AAACT7281P1ZT, registered in Gujarat. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAACT7281P1ZN (Maharashtra).
Eca Trading Services operated in the financial services industry, in the financial activities segment.
Eca Trading Services has 5 deals on record (3 acquisitions, 2 secondary share transfers); the latest was in March 2021.