Ultimate Forex Private Limited
About Ultimate Forex Private Limited
Data last updated:
Ultimate Forex Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the forex services segment of the financial services sector. It was incorporated on 26 May 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U74120WB2010PTC149577. Its GSTIN is 19AABCU1850C2ZL (West Bengal). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors Rabi Bahadur and Mohammed Intezar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 25 Marquis Street Park Street, Kolkata, West Bengal, India – 700016.
As per the financials filed for FY 2024, the company reported a revenue of ₹118.09 Cr, a growth of 122% compared to the previous year. For the same year it recorded a net profit of ₹55,162 (net margin 0%) and EBITDA of ₹3.42 Lakh (EBITDA margin 0%). Revenue has declined at a compounded annual rate (CAGR) of 357% over three years and 11% over five years.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- Registered Address25 Marquis Street Park Street, Kolkata, West Bengal, India – 700016
- 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 Ultimate Forex Private Limited
The main business activity of Ultimate 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 Ultimate Forex Private Limited FY 2024 filings available
Ultimate Forex Private Limited reported revenue of ₹118.09 Cr (up 122% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Ultimate Forex Private Limited
Revenue rose 122% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 11%. EBITDA rose 192% 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 Ultimate Forex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹3.42 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹55,162 | •••• | •••• | •••• | •••• |
| 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 Ultimate Forex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0% | •••• | •••• | •••• | •••• |
| 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 Ultimate 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.
Peer Comparison of Ultimate Forex Private Limited
Ultimate Forex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prince Forex Services Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Daspan Forex Private Limited | •••• | •••• | •••• | •••• | 16 | Mumbai, Maharashtra, India |
| Palta Forex and Consultancy Private Limited | •••• | •••• | •••• | •••• | - | Faridabad, Haryana, India |
| Palak Forex Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Vaayu International Forex Services Private Limited | •••• | •••• | •••• | •••• | 13 | Vijayanagar, Karnataka, India |
| Ultimate Forex Private Limited this company | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Ebix Paytech Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Hamraj Forex Private Limited | •••• | •••• | •••• | •••• | - | Kozhikode, Kerala, India |
| Richmen Forex Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Simply Money Services Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Khanna Forex Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
Peers are the five companies nearest above and the five nearest below Ultimate Forex by revenue in the BFSI industry (Money Exchange Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Ultimate Forex Private Limited
Ultimate Forex Private Limited is audited by S L PRASAD & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S L PRASAD & 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.
Board of Directors of Ultimate Forex Private Limited
Ultimate 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 |
|---|---|---|---|---|
| Rabi Bahadur | Director | 16 Jun 2022 | 4 Years 3 Months | Current |
| Mohammed Intezar | Director | 26 May 2010 | 16 Years 4 Months | Current |
Ownership and Shareholding of Ultimate 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 Ultimate Forex Private Limited
Ultimate Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Ultimate Forex Private Limited
Employment history and EPFO contributions of people linked to Ultimate 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 Ultimate Forex Private Limited
Ultimate Forex Private Limited has 5 board changes on record since 2010: 2 appointments and 3 cessations. The latest: Mohammad Irfanul Haque ceased to be Director on 25 Jan 2023.
Credit Ratings, Litigation & Regulatory Alerts for Ultimate 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 Ultimate 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 Ultimate 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 Ultimate Forex Private Limited
Ultimate Forex has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCU1850C2ZL | West Bengal | Active | 12 Oct 2017 |
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 Ultimate 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 Ultimate Forex Private Limited
Ultimate Forex is an active private limited company based in Kolkata, West Bengal, India. The company works in forex services, within the financial services industry. It was incorporated on 26 May 2010 (16+ years old) and is registered under CIN U74120WB2010PTC149577.
Ultimate Forex reported revenue of ₹118.09 Cr for FY 2024 (up 122% YoY).
Ultimate Forex has 2 current directors:
- Rabi Bahadur - Director
- Mohammed Intezar - Director
Ultimate Forex reported a net profit of ₹55,162 (net margin 0%) and EBITDA of ₹3.42 Lakh (EBITDA margin 0%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ultimate Forex is 357% over three years and -11% over five years. In the latest year (FY 2024) revenue rose 122%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ultimate Forex is 19AABCU1850C2ZL, registered in West Bengal. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ultimate Forex is U74120WB2010PTC149577. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ultimate Forex was incorporated on 26 May 2010, making it 16+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Ultimate Forex by revenue are Prince Forex Services Private Limited, Daspan Forex Private Limited, Palta Forex and Consultancy Private Limited, Palak Forex Private Limited, Vaayu International Forex Services Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Mohammad Irfanul Haque ceased to be Director on 25 Jan 2023. Rabi Bahadur was appointed as Director on 16 Jun 2022. Sadique Sanjar ceased to be Additional Director on 27 May 2022. Ultimate Forex has 5 board changes on record in total.
The registered office of Ultimate Forex is at 25 Marquis Street Park Street, Kolkata, West Bengal, India – 700016.