Credence Logistics Limited

Logistics company providing surface transport, warehouse management, supply chain solutions, marine services, and port logistics.

1991 | Kolkata, West Bengal (India) | Active
Last Updated:

Credence Logistics Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 3.72 Cr
  • Company Age 33 Year, 6 Months
  • Last Filing with ROC 31 Mar 2018
  • Open Charges ₹ 13.08 Cr
  • Satisfied Charges ₹ 98.24 Cr
  • Revenue Growth -2.07%
  • Profit Growth -220.19%
  • Ebitda -26.08%
  • Net Worth -11.21%
  • Total Assets -3.73%

About Credence Logistics

Credence Logistics Limited (CLL) is a leading Public Limited Indian Non-Government Company incorporated in India on 16 August 1991 and has a history of 33 years and six months. Its registered office is in Kolkata, West Bengal, India.

The Corporate was formerly known as Garuda Carriers & Shipping Pvt. Ltd.. The Company is engaged in the Transport And Logistics Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2018. It's a company limited by shares with an authorized capital of Rs 10.00 Cr and a paid-up capital of Rs 3.72 Cr.

The company currently has active open charges totaling ₹13.08 Cr. The company has closed loans amounting to ₹98.24 Cr, as per Ministry of Corporate Affairs (MCA) records.

Namdeo Zagade, Manoj Kumar, Milind Mande, and One other member serve as directors at the Company.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    credencelogistics.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U63090WB1991PLC052729

  • Company No.

    052729

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    16 Aug 1991

  • Date of AGM

    25 Sep 2018

  • Date of Balance Sheet

    31 Mar 2018

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Transport and Logistics

What products or services does Credence Logistics Limited offer?

Credence Logistics Limited offers a wide range of products and services, including Transportation Services, Logistics Service, Charity & Non Profit Organizations, Welfare Organization Services, Warehouses and Warehousing Agents, Warehousing Management Services, Business Planning and Management, Business Consultant, Forwarding & Custom Clearing, Marine Service.

Who are the key members and board of directors at Credence Logistics?

Board Members (4)

NameDesignationAppointment DateStatus
Milind Mande Country flag representing In Additional Director 27-Aug-2021Current
Namdeo Zagade Country flag representing In Additional Director 30-Jun-2022Current
Manoj Kumar Country flag representing In Additional Director 06-Jul-2019Current
Suresh Yadav Country flag representing In Additional Director 10-Jun-2019Current

Financial Performance of Credence Logistics.

Credence Logistics Limited, for the financial year ended 2018, experienced Minor drop in revenue, with a 2.07% decrease. The company also saw a substantial fall in profitability, with a 220.19% decrease in profit. The company's net worth observed a substantial decline by a decrease of 11.21%.

Credence Logistics revenue growth over time
Credence Logistics 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
-2.07%
Revenue from Operations
-1.98%
Total Assets
-3.73%
Profit or Loss
-220.19%
Net Worth
-11.21%
EBITDA
-26.08%

What is the Ownership and Shareholding Structure of Credence Logistics?

In 2018, Credence Logistics had a public holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹13.08 Cr

Satisfied Charges

₹98.24 Cr

Charges Breakdown by Lending Institutions

  • Srei Equipment Finance Private Limited : 8.37 Cr
  • Others : 3.74 Cr
  • Srei Equipment Finance Limited : 0.97 Cr

Latest Charge Details

DateLenderAmountStatus
22 Aug 2016Others₹1.23 CrOpen
22 Aug 2016Others₹1.23 CrOpen
11 Jun 2016Others₹2.57 MOpen
11 Jun 2016Others₹2.57 MOpen
11 Jun 2016Others₹2.57 MOpen

How Many Employees Work at Credence Logistics?

Credence Logistics has a workforce of 26 employees as of Apr 04, 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.

Employee growth trends for Credence Logistics Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Credence Logistics, 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 Logistics'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 Logistics

Recent activity within the organization

  • Director Appointment

    Namdeo Shankar Zagade was appointed as a Additional Director was appointed as a Additional Director on 30 Jun 2022 & has been associated with this company since 2 years 8 months .

  • Charges

    A charge registered on 14 Oct 2019 via Charge ID 100300508 with Others was fully satisfied on 18 Feb 2022.

  • Charges

    A charge registered on 15 Dec 2016 via Charge ID 100077591 with Others was fully satisfied on 18 Feb 2022.

  • Director Appointment

    Milind Nilkanth Mande was appointed as a Additional Director was appointed as a Additional Director on 27 Aug 2021 & has been associated with this company since 3 years 6 months .

  • Charges

    A charge with Others amounted to Rs. 0.36 Cr with Charge ID 100300508 was registered on 14 Oct 2019.

  • Director Appointment

    Manoj Kumar was appointed as a Additional Director was appointed as a Additional Director on 06 Jul 2019 & has been associated with this company since 5 years 7 months .

Frequently asked questions

  • What is the Incorporation or founding date of Credence Logistics Limited?

    Credence Logistics Limited was incorporated on 16 Aug 1991.

  • What is authorized share capital and paid-up capital of Credence Logistics Limited?

    The authorized share capital of Credence Logistics Limited is ₹ 10.00 Cr and paid-up capital is ₹ 3.72 Cr.

  • Who are the current board members & directors of Credence Logistics Limited?

    Currently 4 directors are associated with Credence Logistics Limited.

    • Namdeo Shankar Zagade
    • Manoj Kumar
    • Milind Nilkanth Mande
    • Suresh Kumar Mohanlal Yadav

  • What is the registered address of Credence Logistics Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Credence Logistics Limited is 11 Khairu Place 3Rd Floor, India, Kolkata, West Bengal, 700072.

  • What is the corporate identification number (CIN) and company number of Credence Logistics Limited?

    The corporate identification number (CIN) of Credence Logistics Limited is U63090WB1991PLC052729 and the company number is 052729 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Credence Logistics Limited?

    The Official website of Credence Logistics Limited is https://www.credencelogistics.com

  • What has been the recent revenue trend for Credence Logistics Limited?

    According to the financial reports for the fiscal year 2018, the revenue trend for Credence Logistics Limited has fallen by -2.07%.

  • How many employees does Credence Logistics Limited currently have?

    As Per 2018 financial reports, 26 employees are currently employed by Credence Logistics Limited.

  • What change has been observed in the net worth of Credence Logistics Limited, and by what percentage?

    The financial reports for the fiscal year 2018 indicates that The net worth of Credence Logistics Limited has experienced an downturn of -11.21%.

  • What are the total open charges for Credence Logistics Limited?

    As per the financial statements for fiscal Year 2018, The total open charges for Credence Logistics Limited amount to ₹ 13.08 Cr.

  • When was the last Balance Sheet of Credence Logistics Limited filed with the ROC?

    The most recent Balance Sheet for Credence Logistics Limited was filed with the ROC on 31 Mar 2018.

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