Midlands Forex Private Limited
About Midlands Forex Private Limited
Data last updated:
Midlands Forex Private Limited is a private limited company based in Panaji, Goa, India. It operates in the forex services segment of the financial services sector. It was incorporated on 27 October 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U01222GA1987PTC000780.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Khima Ram and Dharmendra Kumar.
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 H No:12/135/94 F – 72 Alfran Plaza Near Market M.G.Road, Panaji, Goa, India – 403001.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressH No:12/135/94 F – 72 Alfran Plaza Near Market M.G.Road, Panaji, Goa, India – 403001
- 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
Financials of Midlands Forex Private Limited FY 2019 filings available
Financial Statement Summary of Midlands Forex Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | •••• | •••• | •••• | •••• | •••• |
| 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 Midlands Forex Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Midlands Forex are in the company report.
Financial statements from 2015
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 Midlands Forex Private Limited
Midlands Forex has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Khima Ram | Director | 23 Sep 2020 | 6 Years 0 Months | Current |
| Dharmendra Kumar | Director | 14 Jul 2018 | 8 Years 3 Months | Current |
Peer Comparison of Midlands Forex Private Limited
Midlands 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 |
|---|---|---|---|---|---|---|
| SRS Forex Private Limited | ₹83.92 Lakh (FY 2024) | •••• | •••• | 184.0% | •••• | Madurai, Tamil Nadu, India |
| American Impex Private Limited | ₹83.57 Lakh (FY 2024) | •••• | •••• | -43.0% | •••• | Chennai, Tamil Nadu, India |
| Batala Forex Services Private Limited | ₹83.42 Lakh (FY 2019) | •••• | •••• | -37.0% | •••• | New Delhi, Delhi, India |
| Balo Forex & Travels Private Limited | ₹82.93 Lakh (FY 2025) | •••• | •••• | 5.0% | •••• | Raigunj, West Bengal, India |
| Best India Money Changer Private Limited | ₹82.34 Lakh (FY 2025) | •••• | •••• | 23.0% | •••• | Madurai Road, Trichy - 620 008, Tamil Nadu, India |
| PRG Forex Private Limited | ₹79.06 Lakh (FY 2025) | •••• | •••• | 634.0% | •••• | Chennai, Tamil Nadu, India |
| RGV Forex & Travel Private Limited | ₹78.82 Lakh (FY 2025) | •••• | •••• | -22.0% | •••• | New Delhi, Delhi, India |
| Delhi Hotel & Restaurant Private Limited | ₹78.66 Lakh (FY 2024) | •••• | •••• | -27.0% | •••• | Siliguri, West Bengal, India |
| Shree Krishna Money Changer Private Limited | ₹77.35 Lakh (FY 2025) | •••• | •••• | -23.0% | •••• | New Delhi, Delhi, India |
| Param Money Changers Private Limited | ₹77.22 Lakh (FY 2025) | •••• | •••• | -63.0% | •••• | Navsari, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Midlands 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 Midlands Forex Private Limited
Midlands Forex Private Limited is audited by N N LOTLIKAR & ASSOCIATES for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N N LOTLIKAR & 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 Midlands 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 Midlands Forex Private Limited
Midlands Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Midlands Forex Private Limited
Employment history and EPFO contributions of people linked to Midlands 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 Midlands Forex Private Limited
Midlands Forex Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Hsuyashan Raichand Soni ceased to be Director on 30 Sep 2020.
Credit Ratings, Litigation & Regulatory Alerts for Midlands 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 Midlands 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 Midlands 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 Midlands Forex Private Limited
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 Midlands 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 Midlands Forex Private Limited
Midlands Forex is an active private limited company based in Panaji, Goa, India. The company works in forex services, within the financial services industry. It was incorporated on 27 October 1987 (39+ years old) and is registered under CIN U01222GA1987PTC000780.
Midlands Forex has 2 current directors:
- Khima Ram - Director
- Dharmendra Kumar - Director
The CIN (Corporate Identification Number) of Midlands Forex is U01222GA1987PTC000780. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midlands Forex was incorporated on 27 October 1987, making it 39+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Midlands Forex by revenue are SRS Forex Private Limited, American Impex Private Limited, Batala Forex Services Private Limited, Balo Forex & Travels Private Limited, Best India Money Changer Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Hsuyashan Raichand Soni ceased to be Director on 30 Sep 2020. Raychand Manrupji Soni ceased to be Director on 30 Sep 2020. Khima Ram was appointed as Director on 23 Sep 2020. Midlands Forex has 4 board changes on record in total.
The registered office of Midlands Forex is at H No:1213594 F – 72 Alfran Plaza Near Market M.G.Road, Panaji, Goa, India – 403001.
Midlands Forex has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh.
Midlands Forex operates in the financial services industry, in the forex services segment.
No. Midlands Forex is not listed on any stock exchange. It is an unlisted company.
The compliance status of Midlands Forex is compliant as of 12 September 2026. The company is actively filing with the Registrar of Companies.