Credence Logistics Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 3.72 Cr
- Company Age 33 Year, 5 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 five 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
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Location
Kolkata, West Bengal, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U63090WB1991PLC052729
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Company No.
052729
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
16 Aug 1991
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Date of AGM
25 Sep 2018
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Date of Balance Sheet
31 Mar 2018
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Listing Status
Unlisted
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ROC Code
Roc Kolkata
Industry
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)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Milind Mande
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Additional Director | 27-Aug-2021 | Current |
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Namdeo Zagade
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Additional Director | 30-Jun-2022 | Current |
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Manoj Kumar
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Additional Director | 06-Jul-2019 | Current |
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Suresh Yadav
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Additional Director | 10-Jun-2019 | Current |
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%.
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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.
Related Corporates (Common Directorship)
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Hybrid Agri Biotech Private LimitedManoj Kumar is a mutual person
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North East Natural Resources Private LimitedNamdeo Zagade and Milind Mande are mutual person
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Navdhanya Biotech Private Limited
Namdeo Zagade is a mutual person
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Vanijya Urja Private Limited
Namdeo Zagade is a mutual person
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Sri Mahalaxmi Solar Energy Private Limited
Namdeo Zagade is a mutual person
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Desmond Trading Private Limited
Namdeo Zagade and Milind Mande are mutual person
Charges (Loans)
₹13.08 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Aug 2016 | Others | ₹1.23 Cr | Open |
| 22 Aug 2016 | Others | ₹1.23 Cr | Open |
| 11 Jun 2016 | Others | ₹2.57 M | Open |
| 11 Jun 2016 | Others | ₹2.57 M | Open |
| 11 Jun 2016 | Others | ₹2.57 M | Open |
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.
Deals i
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
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
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.
