Credent Accounting Solutions Private Limited
About Credent Accounting Solutions Private Limited
Data last updated:
Credent Accounting Solutions Private Limited is a private limited company based in Angul, Odisha, India. It operates in the accounting and financial advisory segment of the professional services sector. It was incorporated on 04 December 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U74140OR2012PTC016292. Its GSTIN is 21AAFCC0984K1ZP (Odisha).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sanjay Kumar Singh and Shantilata Singh.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at At – In Front Of Fishery Office Bed College, Angul, Odisha, India – 759122.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Credent Accounting Solutions Private Limited's registered office is in Angul, Odisha. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressAt – In Front Of Fishery Office Bed College, Angul, Odisha, India – 759122
- IndustryProfessional Services, Accounting, Taxation, Book Keeping
To see the full contact details of Credent Accounting Solutions Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Credent Accounting Solutions is professional, scientific and technical. In detail, this covers accounting, book keeping and auditing activities, tax consultancy.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M2 | Accounting, book keeping and auditing activities, tax consultancy |
To see the full business activity and turnover split of Credent Accounting Solutions Private Limited, buy the company report.
Financials of Credent Accounting Solutions Private Limited
FY 2020 filings availableCredent Accounting Solutions Private Limited reported revenue of ₹8,250 (down 19% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 62% over three years, including a 19% fall in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Credent Accounting Solutions Private Limited, buy the company report.
Board of directors of Credent Accounting Solutions Private Limited
Credent Accounting Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Kumar Singh | Additional Director | 25 Aug 2020 | 6 Years 1 Months | Current |
| Shantilata Singh | Additional Director | 25 Aug 2020 | 6 Years 1 Months | Current |
Peer comparison
Credent Accounting Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (accounting, book keeping and auditing activities, tax consultancy), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vanila Sales Private Limited | ₹8,590 (FY 2017) | -22.0% | Kolkata, West Bengal, India | |||
| Kalakunj Dealtrade Private Limited | ₹8,395 (FY 2017) | 19.0% | Kolkata, West Bengal, India | |||
| Expand Geniuses Private Limited | ₹8,394 (FY 2023) | -59.0% | Kolkata, West Bengal, India | |||
| Debonair Nirman Private Limited | ₹8,300 (FY 2017) | 16.0% | Kolkata, West Bengal, India | |||
| Credent Accounting Solutions Private Limitedthis company | ₹8,250 (FY 2019) | -19.0% | Angul, Odisha, India | |||
| Tirumala Retailers Private Limited | ₹8,250 (FY 2017) | -24.0% | Kolkata, West Bengal, India | |||
| Dheera Tie-Up Private Limited | ₹8,215 (FY 2017) | -17.0% | Kolkata, West Bengal, India | |||
| Buster Vincom Private Limited | ₹8,200 (FY 2017) | -17.0% | Kolkata, West Bengal, India | |||
| Bicaps Business Solutions Private Limited | ₹8,199 (FY 2025) | -99.0% | New Delhi, Delhi, India | |||
| Bango Tradelink Private Limited | ₹8,177 (FY 2017) | -19.0% | Kolkata, West Bengal, India | |||
| Terminal Tradecom Private Limited | ₹8,175 (FY 2017) | -13.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Credent Accounting Solutions Private Limited, buy the company report.
Auditor
Credent Accounting Solutions Private Limited is audited by BATRA SWAIN & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BATRA SWAIN & ASSOCIATES | FY 2017 | 322050E |
Shareholding
The shareholding of Credent Accounting Solutions Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Credent Accounting Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Credent Accounting Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Credent Accounting Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Credent Accounting Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAFCC0984K1ZP | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Credent Accounting Solutions Private Limited, buy the company report.
Recent activity
Credent Accounting Solutions Private Limited has 4 board changes on record since 2020: 2 appointments and 2 cessations. The latest: Bijaya Ranjan Dash ceased to be Director on 02 Sep 2020.
Frequently asked questions
Credent Accounting Solutions is an active private limited company based in Angul, Odisha, India. The company works in accounting, within the professional services industry. It was incorporated on 04 December 2012 (14+ years old) and is registered under CIN U74140OR2012PTC016292.
Credent Accounting Solutions has 2 current directors:
- Sanjay Kumar Singh - Additional Director
- Shantilata Singh - Additional Director
The latest financial statements of Credent Accounting Solutions on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Credent Accounting Solutions is 21AAFCC0984K1ZP, registered in Odisha.
The CIN (Corporate Identification Number) of Credent Accounting Solutions is U74140OR2012PTC016292. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Credent Accounting Solutions was incorporated on 04 December 2012, making it 14+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Credent Accounting Solutions by revenue are Vanila Sales Private Limited, Kalakunj Dealtrade Private Limited, Expand Geniuses Private Limited, Debonair Nirman Private Limited, Tirumala Retailers Private Limited and 5 more, all in the same principal business activity (accounting, book keeping and auditing activities, tax consultancy).
Bijaya Ranjan Dash ceased to be Director on 02 Sep 2020. Santoshini Pani ceased to be Managing Director on 02 Sep 2020. Sanjay Kumar Singh was appointed as Additional Director on 25 Aug 2020. Credent Accounting Solutions has 4 board changes on record in total.
The registered office of Credent Accounting Solutions is at At – In Front Of Fishery Office Bed College, Angul, Odisha, India – 759122.
Credent Accounting Solutions operates in the professional services industry, in the accounting segment.
The compliance status of Credent Accounting Solutions is compliant as of 14 September 2026. The company is actively filing with the Registrar of Companies.