Credence Remedies Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
- Paid Up Capital ₹ 2.50 M
- Company Age 13 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 2.70 Cr
- Satisfied Charges ₹ 4.25 Cr
- Revenue Growth 18.15%
- Profit Growth -79.90%
- Ebitda -9.88%
- Net Worth 2.15%
- Total Assets 20.51%
About Credence Remedies
Credence Remedies Private Limited (CRPL) is a Private Limited Indian Non-Government Company incorporated in India on 12 November 2011 and has a history of 13 years and three months. Its registered office is in Thane, Maharashtra, India.
The Company is engaged in the Pharma Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 2.50 M and a paid-up capital of Rs 2.50 M.
The company currently has active open charges totaling ₹2.70 Cr. The company has closed loans amounting to ₹4.25 Cr, as per Ministry of Corporate Affairs (MCA) records.
Pallavi Sule, Amol Sule, Avinash Karkhanis, and One other member serve as directors at the Company.
Company Details
- Location
Thane, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U85191MH2011PTC223844
- Company No.
223844
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
12 Nov 2011
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Pharma
What products or services does Credence Remedies Private Limited offer?
Credence Remedies Private Limited offers a wide range of products and services, including Animal Medicines & Health Care, Veterinary Medicines, Anti Infective Drugs & Medicines, Antibiotic Tablets, Capsule & Syrup, Nutraceuticals & Dietary Supplements, Dietary Supplements, Film & Media Production Services, Short Film Services, Gold & Gold Jewellery, Gold Bullion.
Who are the key members and board of directors at Credence Remedies?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Amol Sule  | Director | 12-Nov-2011 | Current |
| Pallavi Sule | Director | 12-Nov-2011 | Current |
| Avinash Karkhanis | Director | 08-Nov-2019 | Current |
| Dharam Tripathi | Additional Director | 03-May-2024 | Current |
Financial Performance of Credence Remedies.
Credence Remedies Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 18.15% increase. The company also saw a substantial fall in profitability, with a 79.9% decrease in profit. The company's net worth moved up by a moderate rise of 2.15%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Credence Remedies?
In 2023, Credence Remedies had a promoter holding of 90.40% and a public holding of 9.60%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Keyur Animal Healthcare Private LimitedPallavi Sule and Amol Sule are mutual person
- Dpanjali Healthcare Services Llp
Dharam Tripathi is a mutual person
Charges (Loans)
Open Charges
₹27.00 M
Satisfied Charges
₹42.50 M
Charges Breakdown by Lending Institutions
- The Bharat Co-Operative Bank(Mumbai) Ltd : 2.10 Cr
- Others : 0.60 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Aug 2020 | Others | ₹4.00 M | Open |
| 09 Jun 2020 | Others | ₹2.00 M | Open |
| 30 Mar 2017 | The Bharat Co-Operative Bank(Mumbai) Ltd | ₹8.50 M | Open |
| 30 Mar 2017 | The Bharat Co-Operative Bank(Mumbai) Ltd | ₹1.25 Cr | Open |
| 17 Nov 2015 | Indusind Bank Ltd. | ₹2.65 Cr | Satisfied |
How Many Employees Work at Credence Remedies?
Credence Remedies has a workforce of 14 employees as of Apr 07, 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 Remedies, 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 Remedies'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 Remedies
Recent activity within the organization
- Director Appointment
Dharam Prakash Tripathi was appointed as a Additional Director was appointed as a Additional Director on 03 May 2024 & has been associated with this company since 10 months .
- Annual General Meeting
Credence Remedies Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Charges
A charge with The Bharat Co-Operative Bank(Mumbai) Ltd of Rs. 12.50 M registered on 30 Mar 2017 with Charge ID 100091382 was modified on 12 Jul 2023.
- Balance Sheet
Credence Remedies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Charges
A charge with The Bharat Co-Operative Bank(Mumbai) Ltd of Rs. 8.50 M registered on 30 Mar 2017 with Charge ID 100091381 was modified on 30 Sep 2022.
- Charges
A charge with Others amounted to Rs. 4.00 M with Charge ID 100355239 was registered on 03 Aug 2020.
Frequently asked questions
What is the Incorporation or founding date of Credence Remedies Private Limited?
Credence Remedies Private Limited was incorporated on 12 Nov 2011.
What is authorized share capital and paid-up capital of Credence Remedies Private Limited?
The authorized share capital of Credence Remedies Private Limited is ₹ 2.50 M and paid-up capital is ₹ 2.50 M.
Who are the current board members & directors of Credence Remedies Private Limited?
Currently 4 directors are associated with Credence Remedies Private Limited.
- Pallavi Amol Sule
- Amol Chandrashekar Sule
- Avinash Sitaram Karkhanis
- Dharam Prakash Tripathi
What is the registered address of Credence Remedies Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Credence Remedies Private Limited is Office No.113 1St Floor Building No. 5 Swastik Regalia Kavesar Ghodbunder Road Thane, (West), Maharashtra, India, 400615.
What is the corporate identification number (CIN) and company number of Credence Remedies Private Limited?
The corporate identification number (CIN) of Credence Remedies Private Limited is U85191MH2011PTC223844 and the company number is 223844 as per Ministry of Corporate Affairs (MCA).
What is the official website of Credence Remedies Private Limited?
The Official website of Credence Remedies Private Limited is https://www.credenceremedies.net
What has been the recent revenue trend for Credence Remedies Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Credence Remedies Private Limited has risen by 18.15%.
How many employees does Credence Remedies Private Limited currently have?
As Per 2023 financial reports, 14 employees are currently employed by Credence Remedies Private Limited.
What change has been observed in the net worth of Credence Remedies Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Credence Remedies Private Limited has experienced an upsurge of 2.15%.
What are the total open charges for Credence Remedies Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Credence Remedies Private Limited amount to ₹ 2.70 Cr.
When was the last Balance Sheet of Credence Remedies Private Limited filed with the ROC?
The most recent Balance Sheet for Credence Remedies Private Limited was filed with the ROC on 31 Mar 2023.