Fornas Forex Services Private Limited

Provides currency exchange services since 2006, with registered office in Kerala.

2006 | Kottayam, Kerala (India) | Active
Last Updated: January 11, 2025

Fornas Forex Services Profile

Key Indicators

  • Authorised Capital ₹ 2.60 M
  • Paid Up Capital ₹ 2.60 M
  • Company Age 18 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 26.36%
  • Profit Growth 61.42%
  • Ebitda 1945.07%
  • Net Worth 2.46%
  • Total Assets 2.77%

About Fornas Forex Services

Fornas Forex Services Private Limited (FFSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 12 July 2006 and has a history of 18 years and six months. Its registered office is in Kottayam, Kerala, India.

The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 2.60 M and a paid-up capital of Rs 2.60 M, as per Ministry of Corporate Affairs (MCA) records.

Abdul Kattamala and Nessymol Shaneer serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U74999KL2006PTC019624

  • Company No.

    019624

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    12 Jul 2006

  • Date of AGM

    05 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ernakulam

Industry

Financial Services

Who are the key members and board of directors at Fornas Forex Services?

Executive Team (1)

NameDesignationAppointment DateStatus
Abdul Kattamala Country flag representing In Managing Director12-Jul-2006Current

Board Members (1)

NameDesignationAppointment DateStatus
Nessymol Shaneer Country flag representing In Whole-Time Director 01-Mar-2023Current

Financial Performance of Fornas Forex Services.

Fornas Forex Services Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 26.36% increase. The company also saw a substantial improvement in profitability, with a 61.42% increase in profit. The company's net worth moved up by a moderate rise of 2.46%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
26.36%
Revenue from Operations
26.36%
Total Assets
2.77%
Profit or Loss
61.42%
Net Worth
2.46%
EBITDA
1945.07%

What is the Ownership and Shareholding Structure of Fornas Forex Services?

In 2021, Fornas Forex Services had a promoter holding of 76.92% and a public holding of 23.08%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Fornas Forex Services?

Unlock and access historical data on people associated with Fornas Forex Services, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Fornas Forex Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Fornas Forex Services's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Fornas Forex Services

Recent activity within the organization

  • Annual General Meeting

    Fornas Forex Services Private Limited last Annual general meeting of members was held on 05 Sep 2024 as per latest MCA records.

    05 Sep 2024

  • Balance Sheet

    Fornas Forex Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.

    31 Mar 2024

  • Director Appointment

    Nessymol Shaneer was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 01 Mar 2023 & has been associated with this company since 1 year 11 months .

    01 Mar 2023

  • Director Appointment

    Abdul Sheneer Kareem Kattamala was appointed as a Managing Director was appointed as a Managing Director on 12 Jul 2006 & has been associated with this company since 18 years 6 months .

    12 Jul 2006

  • Company Incorporation

    Fornas Forex Services Private Limited was registered on 12 Jul 2006 with Roc Ernakulam & aged 18 years 6 months as per MCA records.

    12 Jul 2006

Frequently asked questions

  • Fornas Forex Services Private Limited was incorporated on 12 Jul 2006.

  • The authorized share capital of Fornas Forex Services Private Limited is ₹ 2.60 M and paid-up capital is ₹ 2.60 M.

  • Currently 2 directors are associated with Fornas Forex Services Private Limited.

    • Abdul Sheneer Kareem Kattamala
    • Nessymol Shaneer
  • As per Ministry of Corporate Affairs (Mca), the registered address of Fornas Forex Services Private Limited is Em 3/538 G Muttom Junction, India, Erattupetta, Kerala, 686121.

  • The corporate identification number (CIN) of Fornas Forex Services Private Limited is U74999KL2006PTC019624 and the company number is 019624 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Fornas Forex Services Private Limited is https://www.fornas-forex-services-pvt-ltd.business.site

  • According to the financial reports for the fiscal year 2022, the revenue trend for Fornas Forex Services Private Limited has risen by 26.36%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Fornas Forex Services Private Limited has experienced an upsurge of 2.46%.

  • The most recent Balance Sheet for Fornas Forex Services Private Limited was filed with the ROC on 31 Mar 2024.

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