Credence Property Developers Profile
Key Indicators
- Authorised Capital ₹ 50.00 Cr
- Paid Up Capital ₹ 44.37 Cr
- Company Age 29 Year, 1 Month
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 7.27 Cr
- Satisfied Charges ₹ 145.00 Cr
- Revenue Growth -12.93%
- Profit Growth -162.00%
- Ebitda 151.93%
- Net Worth 52.16%
- Total Assets -5.80%
About Credence Property Developers
Credence Property Developers Private Limited (CPDPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 30 January 1996 and has a history of 29 years and one month. Its registered office is in Mumbai, Maharashtra, India.
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.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- 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
Real Estate and Construction
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.
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Percy Chowdhry is a mutual person
- Rustomjee Education World Llp
Percy Chowdhry is a mutual person
- Keystone Realtors Limited
Percy Chowdhry is a mutual person
- Kapstone Constructions Private Limited
Percy Chowdhry is a mutual person
Charges (Loans)
Open Charges
₹7.27 Cr
Satisfied Charges
₹145.00 Cr
Charges Breakdown by Lending Institutions
- Others : 7.27 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Aug 2021 | Others | ₹7.27 Cr | Open |
| 28 Jul 2020 | Others | ₹25.00 Cr | Satisfied |
| 10 Mar 2017 | Others | ₹70.00 Cr | Satisfied |
| 23 Jun 2015 | Jm Financial Credit Solutions Limited | ₹50.00 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.
Latest Updates, News, and FAQs on Credence Property Developers
Recent activity within the organization
- Annual General Meeting
Credence Property Developers Private Limited last Annual general meeting of members was held on 12 Sep 2024 as per latest MCA records.
- Balance Sheet
Credence Property Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Director Appointment
Bunty Devanand Chandwani was appointed as a Director was appointed as a Director on 24 Apr 2023 & has been associated with this company since 1 year 10 months .
- Director Appointment
Hetvi Sanjay Shah was appointed as a Company Secretary was appointed as a Company Secretary on 20 Mar 2023 & has been associated with this company since 1 year 11 months .
- Charges
A charge registered on 28 Jul 2020 via Charge ID 100360549 with Others was fully satisfied on 22 Aug 2022.
- Charges
A charge with Others amounted to Rs. 7.27 Cr with Charge ID 100476349 was registered on 13 Aug 2021.
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Credence Property Developers Private Limited?
Credence Property Developers Private Limited was incorporated on 30 Jan 1996.
What is authorized share capital and paid-up capital of Credence Property Developers Private Limited?
The authorized share capital of Credence Property Developers Private Limited is ₹ 50.00 Cr and paid-up capital is ₹ 44.37 Cr.
Who are the current board members & directors of Credence Property Developers Private Limited?
Currently 3 directors are associated with Credence Property Developers Private Limited.
- Percy Chowdhry
- Bunty Devanand Chandwani
- Hetvi Sanjay Shah
What is the registered address of Credence Property Developers Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Credence Property Developers Private Limited is 702 Natraj Mv Road Junction Western Express Highway Andheri (East), India, Mumbai, Maharashtra, 400069.
What is the corporate identification number (CIN) and company number of Credence Property Developers Private Limited?
The corporate identification number (CIN) of Credence Property Developers Private Limited is U70100MH1996PTC096712 and the company number is 096712 as per Ministry of Corporate Affairs (MCA).
What is the official website of Credence Property Developers Private Limited?
The Official website of Credence Property Developers Private Limited is https://www.rustomjee.com
What has been the recent revenue trend for Credence Property Developers Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Credence Property Developers Private Limited has fallen by -12.93%.
What change has been observed in the net worth of Credence Property Developers Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Credence Property Developers Private Limited has experienced an upsurge of 52.16%.
What are the total open charges for Credence Property Developers Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Credence Property Developers Private Limited amount to ₹ 7.27 Cr.
When was the last Balance Sheet of Credence Property Developers Private Limited filed with the ROC?
The most recent Balance Sheet for Credence Property Developers Private Limited was filed with the ROC on 31 Mar 2024.
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