Classic Forex and Consultancy Services Private Limited
About Classic Forex and Consultancy Services Private Limited
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Classic Forex and Consultancy Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the forex services segment of the financial services sector. It was incorporated on 19 April 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65999KA2004PTC033774. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹17.5 Lakh. It is led by directors Muralidharhonnahuggi Rao and Hunnahugi Sesha Manohar.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 705 A Wing Mittal Towers M.G.Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2017, the company reported a revenue of ₹40.29 Cr, a decline of 34% compared to the previous year. For the same year it recorded a net loss of ₹3.86 Lakh (net margin -0.1%) and EBITDA of ₹3.3 Lakh (EBITDA margin 0.1%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years.
As per MCA filings, the company has open charges of ₹50 Lakh and satisfied charges of ₹10 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Classic Forex and Consultancy Services Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address705 A Wing Mittal Towers M.G.Road, Bangalore, Karnataka, India – 560001
- IndustryFinancial Services, Forex Services
To see the full contact details of Classic Forex and Consultancy Services 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 Classic Forex and Consultancy 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 |
To see the full business activity and turnover split of Classic Forex and Consultancy Services Private Limited, buy the company report.
Financials of Classic Forex and Consultancy Services Private Limited
FY 2017 filings availableClassic Forex and Consultancy Services Private Limited reported revenue of ₹40.29 Cr (down 34% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over three years, including a 34% fall in the latest year. EBITDA fell 68% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹40.29 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹3.3 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹3.86 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 0.1% | ||
| Net Profit Margin | -0.1% | ||
| 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 Classic Forex and Consultancy Services Private Limited, buy the company report.
Board of directors of Classic Forex and Consultancy Services Private Limited
Classic Forex and Consultancy Services has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muralidharhonnahuggi Rao Also directs: Ask Forex Private Limited | Director | 20 Apr 2021 | 5 Years 6 Months | Current |
| Hunnahugi Sesha Manohar | Director | 28 Nov 2011 | 14 Years 11 Months | Current |
Peer comparison
Classic Forex and Consultancy Services Private Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Money Exchange Services), with 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 |
|---|---|---|---|---|---|---|
| Bonton Money Exchange Private Limited | ₹40.85 Cr (FY 2024) | -48.0% | Mumbai, Maharashtra, India | |||
| DKG Travels & Forex Private Limited | ₹40.79 Cr (FY 2024) | -49.0% | Kolkata, West Bengal, India | |||
| Ebix Money Express Private Limited | ₹40.79 Cr (FY 2025) | -32.0% | Mumbai, Maharashtra, India | |||
| BMS Forex Private Limited | ₹40.78 Cr (FY 2025) | -63.0% | Lucknow, Uttar Pradesh, India | |||
| Classic Forex and Consultancy Services Private Limitedthis company | ₹40.29 Cr (FY 2017) | -₹3.86 Lakh | -0.1% | -34.0% | Bangalore, Karnataka, India | |
| Slak Forex Private Limited | ₹40.23 Cr (FY 2024) | -50.0% | Kolkata, West Bengal, India | |||
| Raja Moneyexchangers & Holidays Private Limited | ₹39.9 Cr (FY 2025) | -36.0% | Nizamabad, Telangana, India | |||
| Veena World Forex Private Limited | ₹39.59 Cr (FY 2024) | 144.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Classic Forex and Consultancy Services Private Limited, buy the company report.
Auditor
Classic Forex and Consultancy Services Private Limited is audited by S R & M R ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R & M R ASSOCIATES | FY 2017 | 008094S |
Shareholding
The shareholding of Classic Forex and Consultancy Services Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Classic Forex and Consultancy Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jul 2013 | 10437342 | State Bank of India | ₹50 Lakh | Open | |
| 19 Jun 2013 | 10437103 | Canara Bank | ₹10 Lakh | Satisfied |
To see the full charge records of Classic Forex and Consultancy Services Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Classic Forex and Consultancy Services Private Limited has 1 court case on record: 1 filed by Classic Forex and Consultancy Services. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Classic Forex and Consultancy Services 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 Classic Forex and Consultancy Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Classic Forex and Consultancy Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Classic Forex and Consultancy Services Private Limited, buy the company report.
Recent activity
Classic Forex and Consultancy Services Private Limited has 8 board changes on record since 2011: 2 appointments and 6 cessations. The latest: Avinash Shaqura Clement Tony ceased to be Additional Director on 20 Apr 2021.
3 earlier events are in the company report.
Frequently asked questions
Classic Forex and Consultancy Services is an active private limited company based in Bangalore, Karnataka, India. The company works in forex services, within the financial services industry. It was incorporated on 19 April 2004 (22+ years old) and is registered under CIN U65999KA2004PTC033774.
Classic Forex and Consultancy Services has 2 current directors:
- Muralidharhonnahuggi Rao - Director
- Hunnahugi Sesha Manohar - Director
The latest financial statements of Classic Forex and Consultancy Services on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Classic Forex and Consultancy Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Classic Forex and Consultancy Services is U65999KA2004PTC033774. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Classic Forex and Consultancy Services has 1 court case on record: 1 filed by the company.
Classic Forex and Consultancy Services was incorporated on 19 April 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Classic Forex and Consultancy Services by revenue are Bonton Money Exchange Private Limited, DKG Travels & Forex Private Limited, Ebix Money Express Private Limited, BMS Forex Private Limited, Slak Forex Private Limited and 2 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Avinash Shaqura Clement Tony ceased to be Additional Director on 20 Apr 2021. Muralidharhonnahuggi Rao was appointed as Director on 20 Apr 2021. Esakkimuhu Ramkumar ceased to be Additional Director on 30 Sep 2015. Classic Forex and Consultancy Services has 8 board changes on record in total.
The registered office of Classic Forex and Consultancy Services is at 705 A Wing Mittal Towers M.G.Road, Bangalore, Karnataka, India – 560001.
Classic Forex and Consultancy Services operates in the financial services industry, in the forex services segment.
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