Shinde Forex Private Limited

Shinde Forex Private Limited - financial services in Salcete, Goa, India. FY 2026 financials & compliance.
CIN U67190GA2004PTC003599 Incorporated 21 September 2004 ROC Goa HQ Salcete, Goa, India
Active Private Limited Company financial services MSME · Medium
Data last updated
Revenue · FY 2019
₹73.4 Cr
▼ 42% YoY
Net profit · FY 2019
₹9.71 Lakh
Net margin 0.1%
EBITDA · FY 2019
₹26.73 Lakh
EBITDA margin 0.4%
Authorised capital
₹70 Lakh
Registered with MCA
Paid-up capital
₹66.61 Lakh
Issued & subscribed
Open charges
₹66 Lakh
Secured borrowings
Company age
22 yrs
Est. 2004
Directors on board
2
As per MCA filings

About Shinde Forex Private Limited

Data last updated:

Shinde Forex Private Limited is a private limited company based in Salcete, Goa, India. It operates in the forex services segment of the financial services sector. It was incorporated on 21 September 2004 and has been in existence for over 22 years.

The company is registered with the Registrar of Companies (ROC), Goa, under CIN U67190GA2004PTC003599. Its GSTIN is 30AAICS5604D1ZV (Goa).

The company has an authorised share capital of ₹70 Lakh and a paid-up capital of ₹66.61 Lakh. It is led by directors Kundan Ganashyam Shinde and Smita Shinde.

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 Salcete, Goa.

As per the financials filed for FY 2019, the company reported a revenue of ₹73.4 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net profit of ₹9.71 Lakh (net margin 0.1%) and EBITDA of ₹26.73 Lakh (EBITDA margin 0.4%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years.

As per MCA filings, the company has open charges of ₹66 Lakh on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it.

Shinde Forex Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GA-02-0002355). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U67190GA2004PTC003599
Registration Number 003599
Incorporation Date 21 September 2004
ROC Goa
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2019
Date of Balance Sheet 31 March 2019
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GA-02-0002355

CIN history

Shinde Forex has one previous CIN (Corporate Identification Number): U37190GA2004PTC003599. The current CIN is U67190GA2004PTC003599, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U67190GA2004PTC003599Current
U37190GA2004PTC003599Previous
Key People
Kundan Ganashyam Shinde Director Smita Shinde Director

Recognitions & Rankings of Shinde Forex

MSME (Udyam registered) Ministry of MSME
Category
Medium (2021-22)
Udyam number
UDYAM-GA-02-0002355

Contact details

Shinde Forex Private Limited's registered office is in Salcete, Goa. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    S. No.B – 108 Reliance Trade Centre, Near Grace Church, Salcete, Goa, India – 403601
  • Industry
    Financial Services, Forex Services

To see the full contact details of Shinde Forex Private Limited, buy the company report.

Comprehensive company report
Shinde Forex Private Limited - one report that includes everything
  • 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Business activity

The main business activity of Shinde Forex is financial and insurance service. In detail, this covers other financial activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK8Other financial activities

To see the full business activity and turnover split of Shinde Forex Private Limited, buy the company report.

Financials of Shinde Forex Private Limited

FY 2019 filings available

Shinde Forex Private Limited reported revenue of ₹73.4 Cr (down 42% YoY) for FY 2019.

Revenue · FY 2019
₹73.4 Cr ▼ 42%
Net profit · FY 2019
₹9.71 Lakh margin 0.1%
EBITDA · FY 2019
₹26.73 Lakh margin 0.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 42%
3 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 43%
3 years · compounded
▼ 2%
5 years · compounded
▲ 18%

Revenue fell 42% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 43% 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

MetricsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profit and Loss Statement
Revenue from Operations₹73.4 Cr
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹26.73 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹9.71 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

MetricsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profitability
EBITDA Margin0.4%
Net Profit Margin0.1%
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 Shinde Forex Private Limited, buy the company report.

Board of directors of Shinde Forex Private Limited

Shinde Forex has 2 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Kundan Ganashyam Shinde
Also directs: Shinde Vertedero Private Limited
Director21 Sep 200422 Years 1 MonthsCurrent
Smita Shinde
Also directs: Shinde Vertedero Private Limited
Director21 Sep 200422 Years 1 MonthsCurrent
View all directors

Auditor

Shinde Forex Private Limited is audited by GANESH DAIVAJNA & CO for the financial year 2019.

Auditor firmFinancial yearFirm registration number
GANESH DAIVAJNA & COFY 2019103054W

Shareholding

The shareholding of Shinde Forex Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2019FY 2017FY 2016FY 2015
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Shinde Forex Private Limited, buy the company report.

Charges & borrowings

Open charges
₹66 Lakh
Satisfied charges
None
Breakdown by lending institutions
Bank of Baroda₹0.66 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
10 Dec 201110327084Bank of Baroda₹66 LakhOpen

To see the full charge records of Shinde Forex Private Limited, buy the company report.

Total charge records: 1 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Shinde Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Shinde Forex has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
30AAICS5604D1ZVGoaActive01 Jul 2017

To see the full GST registrations and return filing status of Shinde Forex Private Limited, buy the company report.

Recent activity

Shinde Forex Private Limited has 2 board changes on record since 2004: 2 appointments. The latest: Kundan Ganashyam Shinde was appointed as Director on 21 Sep 2004.

AGM
Shinde Forex Private Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.
Filing
Shinde Forex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Goa.
Charges
A charge with Bank Of Baroda of Rs. 66.00 Lakh registered on 10 Dec 2011 with Charge ID 10327084 was modified on 25 Jan 2014.
Charges
A charge with Bank Of Baroda amounted to Rs. 66.00 Lakh with Charge ID 10327084 was registered on 10 Dec 2011.
Appointed
Kundan Ganashyam Shinde was appointed as Director.
Appointed
Smita Shinde was appointed as Director.
Incorporation
21 Sep 2004
Shinde Forex Private Limited was registered on 21 Sep 2004 with Roc Goa & aged 22 years 1 month as per MCA records.

Frequently asked questions

Shinde Forex is an active private limited company based in Salcete, Goa, India. The company works in forex services, within the financial services industry. It was incorporated on 21 September 2004 (22+ years old) and is registered under CIN U67190GA2004PTC003599.

Shinde Forex has 2 current directors:

The latest financial statements of Shinde Forex on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.

The GSTIN of Shinde Forex is 30AAICS5604D1ZV, registered in Goa.

The CIN (Corporate Identification Number) of Shinde Forex is U67190GA2004PTC003599. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Shinde Forex has 4 court cases on record: 1 filed by the company and 3 filed against it. Most are in the district courts.

Shinde Forex was incorporated on 21 September 2004, making it 22+ years old. It is registered with the Registrar of Companies, Goa.

Kundan Ganashyam Shinde was appointed as Director on 21 Sep 2004. Smita Shinde was appointed as Director on 21 Sep 2004.

Yes, Shinde Forex is registered as a medium enterprise under Udyam registration (number: UDYAM-GA-02-0002355).

The registered office of Shinde Forex is at S. No.B – 108 Reliance Trade Centre, Near Grace Church, Salcete, Goa, India – 403601.