Sete Mares Global Forex Private Limited
About Sete Mares Global Forex Private Limited
Data last updated:
Sete Mares Global Forex Private Limited is a private limited company based in Benaulim, Goa, India. It operates in the forex services segment of the financial services sector. It was incorporated on 04 October 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U74999GA2016PTC013010. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹52 Lakh and a paid-up capital of ₹52 Lakh. It is led by directors Miguel Afonso and Claudina Afonso.
Its last annual general meeting (AGM) was held on 29 April 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at H.No. 887 Bairo Reddar, Benaulim, Goa, India – 403716.
As per the financials filed for FY 2026, the company reported a revenue of ₹16,100, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹1,900 (net margin -11.8%) and EBITDA of -₹1,900 (EBITDA margin -11.8%). Revenue has declined at a compounded annual rate (CAGR) of 48% over three years and 3% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressH.No. 887 Bairo Reddar, Benaulim, Goa, India – 403716
- 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 Sete Mares Global Forex Private Limited
The main business activity of Sete Mares Global 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 Sete Mares Global Forex Private Limited FY 2025 filings available
Sete Mares Global Forex Private Limited reported revenue of ₹16,100 (down 14% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR) of Sete Mares Global Forex Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 14% fall in the latest year. EBITDA fell 660% 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 of Sete Mares Global Forex Private Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| 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 | -₹1,900 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1,900 | •••• | •••• | •••• | •••• |
| 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 Sete Mares Global Forex Private Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -11.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -11.8% | •••• | •••• | •••• | •••• |
| 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 Sete Mares Global 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 Sete Mares Global Forex Private Limited
Sete Mares Global Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Miguel Afonso Also directs: Mac Dynamic Tours and Forex Services Private Limited | Director | 04 Oct 2016 | 10 Years 0 Months | Current |
| Claudina Afonso Also directs: Mac Dynamic Tours and Forex Services Private Limited | Director | 04 Oct 2016 | 10 Years 0 Months | Current |
Peer Comparison of Sete Mares Global Forex Private Limited
Sete Mares Global 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 |
|---|---|---|---|---|---|---|
| SK Forex and Financial Services Private Limited | ₹26,140 (FY 2024) | •••• | •••• | •••• | Vadodara, Gujarat, India | |
| Jalaram Forex Private Limited | ₹24,190 (FY 2024) | •••• | •••• | 496.0% | •••• | Surat, Gujarat, India |
| RTG Exchange Limited | ₹23,507 (FY 2025) | •••• | •••• | -42.0% | •••• | Mumbai, Maharashtra, India |
| Gulf Forex & Travels Private Limited | ₹20,830 (FY 2024) | •••• | •••• | -100.0% | •••• | Palghar, Maharashtra, India |
| D.Paul Forex Private Limited | ₹19,000 (FY 2025) | •••• | •••• | •••• | Jalandhar, Punjab, India | |
| Doogar Forex Services Private Limited | ₹18,000 (FY 2025) | •••• | •••• | -18.0% | •••• | Kolkata, West Bengal, India |
| Sete Mares Global Forex Private Limited this company | ₹16,100 (FY 2026) | •••• | •••• | -14.0% | •••• | Benaulim, Goa, India |
| Felicia Forex Exchange Private Limited | ₹16,039 (FY 2021) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Kavs Forex Private Limited | ₹15,710 (FY 2025) | •••• | •••• | -100.0% | •••• | Delhi, India |
| P S Forex and Travels Private Limited | ₹15,450 (FY 2024) | •••• | •••• | 53.0% | •••• | New Delhi, Delhi, India |
| Moneycart Exchange Private Limited | ₹14,510 (FY 2025) | •••• | •••• | -100.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Sete Mares Global 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 Sete Mares Global Forex Private Limited
Sete Mares Global Forex Private Limited is audited by VIRGINKAR & CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VIRGINKAR & CO | 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 Sete Mares Global 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 Sete Mares Global Forex Private Limited
Sete Mares Global Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Sete Mares Global Forex Private Limited
Employment history and EPFO contributions of people linked to Sete Mares Global 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 Sete Mares Global Forex Private Limited
Sete Mares Global Forex Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Claudina Afonso was appointed as Director on 04 Oct 2016.
Credit Ratings, Litigation & Regulatory Alerts for Sete Mares Global 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 Sete Mares Global 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 Sete Mares Global 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 Sete Mares Global Forex Private Limited
Sete Mares Global Forex has 2 GST registrations on record, and all of them have been cancelled or are 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 Sete Mares Global 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 Sete Mares Global Forex Private Limited
Sete Mares Global Forex is an active private limited company based in Benaulim, Goa, India. The company works in forex services, within the financial services industry. It was incorporated on 04 October 2016 (10+ years old) and is registered under CIN U74999GA2016PTC013010.
Sete Mares Global Forex reported revenue of ₹16,100 for FY 2026 (down 14% YoY).
Sete Mares Global Forex has 2 current directors:
- Miguel Afonso - Director
- Claudina Afonso - Director
Sete Mares Global Forex reported a net loss of ₹1,900 (net margin -11.8%) and EBITDA of -₹1,900 (EBITDA margin -11.8%) for FY 2026, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sete Mares Global Forex is 48% over three years and -3% over five years. In the latest year (FY 2026) revenue fell 14%. CAGR is the steady yearly rate that links the first and the last year.
No. Sete Mares Global Forex has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Sete Mares Global Forex is U74999GA2016PTC013010. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sete Mares Global Forex was incorporated on 04 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Sete Mares Global Forex by revenue are SK Forex and Financial Services Private Limited, Jalaram Forex Private Limited, RTG Exchange Limited, Gulf Forex & Travels Private Limited, D.Paul Forex Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Claudina Afonso was appointed as Director on 04 Oct 2016. Miguel Afonso was appointed as Director on 04 Oct 2016.
The registered office of Sete Mares Global Forex is at H.No. 887 Bairo Reddar, Benaulim, Goa, India – 403716.