Credence Property Developers Profile
Key Indicators
- Authorised Capital ₹ 50.00 Cr
as on 09-01-2025
- Paid Up Capital ₹ 44.37 Cr
as on 09-01-2025
- Company Age 28 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 7.27 Cr
as on 09-01-2025
- Satisfied Charges ₹ 145.00 Cr
as on 09-01-2025
- Revenue -12.93%
(FY 2023)
- Profit -162.00%
(FY 2023)
- Ebitda 151.93%
(FY 2023)
- Net Worth 52.16%
(FY 2023)
- Total Assets -5.80%
(FY 2023)
About Credence Property Developers
The Company is engaged in the Real Estate And Construction 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 50.00 Cr and a paid-up capital of Rs 44.37 Cr.
The company currently has active open charges totaling ₹7.27 Cr. The company has closed loans amounting to ₹145.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Credence Property Developers Private Limited India is Hetvi Shah as COMPANY SECRETARY. Percy Chowdhry and Bunty Chandwani serve as directors at the Company.
- CIN/LLPIN
U70100MH1996PTC096712
- Company No.
096712
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
30 Jan 1996
- Date of AGM
12 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
- Email Address
- Website
- Social Media
Who are the key members and board of directors at Credence Property Developers?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Hetvi Shah | Company Secretary | 20-Mar-2023 | Current |
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Percy Chowdhry  | Director | 15-Jul-2001 | Current |
| Bunty Chandwani | Director | 24-Apr-2023 | Current |
Financial Performance of Credence Property Developers.
Credence Property Developers Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 12.93% decrease. The company also saw a substantial fall in profitability, with a 162% decrease in profit. The company's net worth Soared by an impressive increase of 52.16%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Credence Property Developers?
In 2023, Credence Property Developers had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Maximus Hotel Catering Services Private LimitedActive 21 years 20 daysPercy Chowdhry is a mutual person
Rustomjee Academy For Global Careers Private LimitedActive 17 years 5 monthsPercy Chowdhry is a mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 13 Aug 2021 | ₹7.27 Cr | Open |
Others Creation Date: 28 Jul 2020 | ₹25.00 Cr | Satisfied |
Others Creation Date: 10 Mar 2017 | ₹70.00 Cr | Satisfied |
How Many Employees Work at Credence Property Developers?
Credence Property Developers has a workforce of 0 employees as of Mar 28, 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 Property Developers, 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 Property Developers'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.
