Credence Foods & Spices Private Limited

Produces and processes vegetarian food products, established in 2020.

2020 | Indore, Madhya Pradesh (India) | Active
Last Updated: December 26, 2024

Credence Foods & Spices Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 4 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 572.88%
  • Profit Growth 50.79%
  • Ebitda 53.59%
  • Net Worth -53.84%
  • Total Assets 126.68%

About Credence Foods & Spices

Credence Foods & Spices Private Limited (CFSPL) is a Private Limited Indian Non-Government Company incorporated in India on 12 August 2020 (Four years and six months 14 days old ). Its registered office is in Indore, Madhya Pradesh, India.

The Company is engaged in the Food And Beverages 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 0.10 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Ashish Dubey, Ankit Jain, Rashmeet Gandhi, and Three other members serve as directors at the Company.

Company Details

  • Location

    Indore, Madhya Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U15490MP2020PTC052284

  • Company No.

    052284

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    12 Aug 2020

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Gwalior

Industry

Food and Beverages

Who are the key members and board of directors at Credence Foods & Spices?

Board Members (6)

NameDesignationAppointment DateStatus
Ashish Dubey Country flag representing In Director 12-Jun-2023Current
Ankit Jain Country flag representing In Director 12-Aug-2020Current
Rashmeet Gandhi Country flag representing In Director 04-Mar-2023Current
Vinay Chhallani Country flag representing In Director 12-Aug-2020Current
Arpit Jain Country flag representing In Director 12-Aug-2020Current
Vivek Shrimal Country flag representing In Director 12-Jun-2023Current

Financial Performance of Credence Foods & Spices.

Credence Foods & Spices Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 572.88% increase. The company also saw a substantial improvement in profitability, with a 50.79% increase in profit. The company's net worth observed a substantial decline by a decrease of 53.84%.

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
572.88%
Revenue from Operations
572.88%
Total Assets
126.68%
Profit or Loss
50.79%
Net Worth
-53.84%
EBITDA
53.59%

What is the Ownership and Shareholding Structure of Credence Foods & Spices?

In 2022, Credence Foods & Spices had a promoter holding of 100.00%. 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 Credence Foods & Spices?

Credence Foods & Spices has a workforce of 0 employees as of Mar 31, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Credence Foods & Spices, 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 Credence Foods & Spices'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 Credence Foods & Spices

Recent activity within the organization

  • Annual General Meeting

    Credence Foods & Spices Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Credence Foods & Spices Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.

    31 Mar 2024

  • Director Appointment

    Ashish Kumar Dubey was appointed as a Director was appointed as a Director on 12 Jun 2023 & has been associated with this company since 1 year 8 months .

    12 Jun 2023

  • Director Appointment

    Vivek Kumar Shrimal was appointed as a Director was appointed as a Director on 12 Jun 2023 & has been associated with this company since 1 year 8 months .

    12 Jun 2023

  • Director Appointment

    Rashmeet Singh Gandhi was appointed as a Director was appointed as a Director on 04 Mar 2023 & has been associated with this company since 1 year 11 months .

    04 Mar 2023

  • Director Appointment

    Ankit Jain was appointed as a Director was appointed as a Director on 12 Aug 2020 & has been associated with this company since 4 years 6 months .

    12 Aug 2020

Frequently asked questions

  • Credence Foods & Spices Private Limited was incorporated on 12 Aug 2020.

  • The authorized share capital of Credence Foods & Spices Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Currently 6 directors are associated with Credence Foods & Spices Private Limited.

    • Ashish Kumar Dubey
    • Ankit Jain
    • Rashmeet Singh Gandhi
    • Vinay Chhallani
    • Arpit Jain
    • Vivek Kumar Shrimal
  • As per Ministry of Corporate Affairs (Mca), the registered address of Credence Foods & Spices Private Limited is 501 Pukhraj Corporate 5Th Floor Navlakha, Main Road India, Indore, Madhya Pradesh, 452001.

  • The corporate identification number (CIN) of Credence Foods & Spices Private Limited is U15490MP2020PTC052284 and the company number is 052284 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2022, the revenue trend for Credence Foods & Spices Private Limited has risen by 572.88%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Credence Foods & Spices Private Limited has experienced an downturn of -53.84%.

  • The most recent Balance Sheet for Credence Foods & Spices Private Limited was filed with the ROC on 31 Mar 2024.

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