About Marks & Kroners Forex Private Limited
Data last updated:
Marks & Kroners Forex Private Limited is a private limited company based in Devasandra Circle, Karnataka, India. It operates in the forex services segment of the financial services sector. It was incorporated on 16 June 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016PTC094175. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹55 Lakh and a paid-up capital of ₹49.5 Lakh. It is led by directors Nadeem Abbas and Masood Ali.
Its last annual general meeting (AGM) was held on 02 August 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Shop No 6 New No 26 Ramachandra Complex New Bel Road, Devasandra Circle, Karnataka, India – 560054.
As per the financials filed for FY 2019, the company reported a revenue of ₹13.48 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹18.86 Lakh (net margin -1.4%) and EBITDA of -₹17.97 Lakh (EBITDA margin -1.3%).
The company has 3 deals on record (3 rights issues); the latest was in August 2019. Its 10 peer companies in the BFSI industry (Money Exchange Services) are compared by revenue, 5 larger and 5 smaller; the largest is S.P.M. Forex and Tours Private Limited with revenue of ₹13.58 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website marksandkroners.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressShop No 6 New No 26 Ramachandra Complex New Bel Road, Devasandra Circle, Karnataka, India – 560054
- IndustryFinancial Services, Forex Services
- 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
- One PDF report, delivered after checkout
Business Activity of Marks & Kroners Forex Private Limited
The main business activity of Marks & Kroners Forex is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Marks & Kroners Forex Private Limited FY 2019 filings available
Marks & Kroners Forex Private Limited reported revenue of ₹13.48 Cr (up 341% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Marks & Kroners Forex Private Limited
Revenue rose 341% in the latest year. EBITDA fell 380% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Marks & Kroners Forex Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹13.48 Cr | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | -₹17.97 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹18.86 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 of Marks & Kroners Forex Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -1.3% | •••• | •••• |
| Net Profit Margin | -1.4% | •••• | •••• |
| 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 | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Marks & Kroners Forex are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Marks & Kroners Forex Private Limited
Marks & Kroners Forex has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nadeem Abbas | Director | 08 Aug 2019 | 7 Years 2 Months | Current |
| Masood Ali | Director | 08 Aug 2019 | 7 Years 2 Months | Current |
Peer Comparison of Marks & Kroners Forex Private Limited
Marks & Kroners Forex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| S.P.M. Forex and Tours Private Limited | ₹13.58 Cr (FY 2025) | •••• | •••• | -39.0% | •••• | Jaipur, Rajasthan, India |
| Monty Forex Private Limited | ₹13.57 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Mumbai, Maharashtra, India |
| Twilight Forex Private Limited | ₹13.52 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Kolkata, West Bengal, India |
| KDS Forex Private Limited | ₹13.5 Cr (FY 2021) | •••• | •••• | -54.0% | •••• | New Delhi, Delhi, India |
| Ascentia Forex Private Limited | ₹13.5 Cr (FY 2019) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Marks & Kroners Forex Private Limited this company | ₹13.48 Cr (FY 2019) | •••• | •••• | 341.0% | •••• | Devasandra Circle, Karnataka, India |
| Teja Forex Private Limited | ₹13.46 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Hyderabad, Telangana, India |
| Sri Deivam Forex Private Limited | ₹13.46 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Chennai, Tamil Nadu, India |
| Nishant Forex Private Limited | ₹13.45 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | New Delhi, Delhi, India |
| Newlovelylife Forex & Travels Private Limited | ₹13.42 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Nadia, West Bengal, India |
| Saanvi Forex Private Limited | ₹13.39 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Marks & Kroners Forex by revenue in the BFSI industry (Money Exchange Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Marks & Kroners Forex Private Limited
Marks & Kroners Forex Private Limited is audited by G R S M & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G R S M & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Marks & Kroners Forex Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Marks & Kroners Forex Private Limited
Marks & Kroners Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Marks & Kroners Forex Private Limited
Marks & Kroners Forex Private Limited has 3 deals on record (3 rights issues); the latest was in August 2019.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Rights issue | ₹13.5 Lakh | Investors: an individual |
| Sep 2018 | Rights issue | ₹6 Lakh | Investors: 2 individuals |
| Dec 2017 | Rights issue | ₹4 Lakh | Investors: an individual |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Marks & Kroners Forex Private Limited
Employment history and EPFO contributions of people linked to Marks & Kroners Forex.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Marks & Kroners Forex Private Limited
Marks & Kroners Forex Private Limited has 5 board changes on record since 2019: 2 appointments and 3 cessations. The latest: Ramesh Parthasarathy ceased to be Director on 10 Oct 2019.
Credit Ratings, Litigation & Regulatory Alerts for Marks & Kroners Forex Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Marks & Kroners Forex Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Marks & Kroners Forex Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Marks & Kroners Forex Private Limited
Marks & Kroners Forex has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Marks & Kroners Forex Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Marks & Kroners Forex Private Limited
Marks & Kroners Forex is an active private limited company based in Devasandra Circle, Karnataka, India. The company works in forex services, within the financial services industry. It was incorporated on 16 June 2016 (10+ years old) and is registered under CIN U74999KA2016PTC094175.
Marks & Kroners Forex reported revenue of ₹13.48 Cr for FY 2019 (up 341% YoY).
Marks & Kroners Forex has 2 current directors:
- Nadeem Abbas - Director
- Masood Ali - Director
Marks & Kroners Forex reported a net loss of ₹18.86 Lakh (net margin -1.4%) and EBITDA of -₹17.97 Lakh (EBITDA margin -1.3%) for FY 2019, as per its filed financial statements.
No. Marks & Kroners Forex has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Marks & Kroners Forex is U74999KA2016PTC094175. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marks & Kroners Forex was incorporated on 16 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Marks & Kroners Forex has 3 deals on record (3 rights issues); the latest was in August 2019.
The peers of Marks & Kroners Forex by revenue are S.P.M. Forex and Tours Private Limited, Monty Forex Private Limited, Twilight Forex Private Limited, KDS Forex Private Limited, Ascentia Forex Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Ramesh Parthasarathy ceased to be Director on 10 Oct 2019. Shreenivasan Nandakumar ceased to be Director on 10 Oct 2019. Srinivasan Narasimhan ceased to be Director on 10 Oct 2019. Marks & Kroners Forex has 5 board changes on record in total.
Marks & Kroners Forex can be reached through the website marksandkroners.in. Its registered office is in Devasandra Circle, Karnataka, India.