About Credence Logistics Limited
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Credence Logistics Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 16 August 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U63090WB1991PLC052729. Its GSTIN is 27AAACG9801A1Z1 (Maharashtra). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹3.72 Cr. It was formerly known as Garuda Carriers & Shipping Pvt. Ltd. and Credence Logistic Limited. It is led by director Suresh Kumar Mohanlal Yadav.
Its last annual general meeting (AGM) was held on 25 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 11 Khairu Place 3rd Floor, Kolkata, West Bengal, India – 700072.
As per the financials filed for FY 2018, the company reported a revenue of ₹73.43 Cr, a decline of 2% compared to the previous year. For the same year it recorded EBITDA of ₹1.76 Cr (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years.
The company has about 26 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Credence Logistics. As per MCA filings, the company has open charges of ₹13.08 Cr and satisfied charges of ₹98.24 Cr on record. Court records list 111 cases involving the company, including 58 filed by the company and 53 filed against it; 15 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website credencelogistics.com.
Company details
Name history
Credence Logistics has undergone 5 name changes throughout its history. The current legal name is Credence Logistics Limited.
| Company Name | Status |
|---|---|
| Credence Logistics Limited | Current |
| Garuda Carriers & Shipping Pvt. Ltd. | Previous |
| Credence Logistic Limited | Previous |
| Credence Logistic Limited | Previous |
| Garuda Carriers Private Limited | Previous |
| Credence Logistic Private Limited | Previous |
CIN history
Credence Logistics has one previous CIN (Corporate Identification Number): U63090WB1991PTC052729. The current CIN is U63090WB1991PLC052729, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63090WB1991PLC052729 | Current |
| U63090WB1991PTC052729 | Previous |
Contact details
Credence Logistics Limited's registered office is in Kolkata, West Bengal. Its website is credencelogistics.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address11 Khairu Place 3rd Floor, Kolkata, West Bengal, India – 700072
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Credence Logistics 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
Brands
Credence Logistics operates one associated brand: Credence Logistics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Freight regulation services for road transportation are provided in India. | credencelogistics.com |
Business activity
The main business activity of Credence Logistics is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Credence Logistics Limited, buy the company report.
Financials of Credence Logistics Limited
FY 2018 filings availableCredence Logistics Limited reported revenue of ₹73.43 Cr (down 2% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 36% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹73.43 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹1.76 Cr | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 2.4% | |||
| 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 Credence Logistics Limited, buy the company report.
Board of directors of Credence Logistics Limited
Credence Logistics has 1 current director and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Kumar Mohanlal Yadav Also directs: Affluent Trading Private Limited | Additional Director | 10 Jun 2019 | 7 Years 4 Months | Current |
Auditor
Credence Logistics Limited is audited by DAS & PRASAD for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DAS & PRASAD | FY 2018 | 303054E |
Shareholding
The shareholding of Credence Logistics Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Credence Logistics Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Aug 2016 | 100064439 | Others | ₹1.23 Cr | Open | |
| 22 Aug 2016 | 100064442 | Others | ₹1.23 Cr | Open | |
| 11 Jun 2016 | 100042411 | Others | ₹25.69 Lakh | Open | |
| 11 Jun 2016 | 100042412 | Others | ₹25.69 Lakh | Open | |
| 11 Jun 2016 | 100042414 | Others | ₹25.69 Lakh | Open |
To see the full charge records of Credence Logistics Limited, buy the company report.
Total charge records: 21 View all charges
Legal cases
Credence Logistics Limited has 111 court cases on record: 58 filed by Credence Logistics, 53 filed against it. 15 cases are pending and 96 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 66 | 38 | 10 |
| High courts | 43 | 14 | 4 |
| Supreme Court | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 111)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Equipment Finance Limited | Pending |
| District court, Meerut, Uttar Pradesh | Interim or miscellaneous application | Filed against the company by The Oriental Insurance Company Ltd. | Pending |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Nagarjuna Fertilizers and Chemicals Ltd and 1 and 1 other | Disposed |
| District court, Thane, Maharashtra | Court case (Civil M.A.) | Filed by the company against Metalman Industries Ltd. and 1 | Disposed |
| District court, Meerut, Uttar Pradesh | Civil miscellaneous application | Filed against the company by Oriental Insurance Co.Ltd. | Disposed |
To see the full case history of Credence Logistics Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Credence Logistics Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Credence Logistics has 1 subsidiary company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Hmda Credence Logistics Park (Hyderabad) Private Limited | U63013MH2011PTC222016 |
To see the full group structure of Credence Logistics Limited, buy the company report.
Employees & EPFO
Credence Logistics Limited has a workforce of 26 employees on its EPFO records as of Apr 04, 2024, across 2 active EPFO establishments.
GST
Credence Logistics has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACG9801A1Z1 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACG9801A2Z0 | Maharashtra | Active | 28 Jan 2019 |
To see the full GST registrations and return filing status of Credence Logistics Limited, buy the company report.
Recent activity
Credence Logistics Limited has 47 board changes on record since 1991: 24 appointments and 23 cessations. The latest: Namdeo Shankar Zagade ceased to be Additional Director on 01 Nov 2023.
71 earlier events are in the company report.
Frequently asked questions
Credence Logistics is an active public limited company based in Kolkata, West Bengal, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 16 August 1991 (35+ years old) and is registered under CIN U63090WB1991PLC052729.
Credence Logistics has 1 current director:
- Suresh Kumar Mohanlal Yadav - Additional Director
The latest financial statements of Credence Logistics on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 25 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Credence Logistics is 27AAACG9801A1Z1, registered in Maharashtra. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAACG9801A2Z0 (Maharashtra).
The CIN (Corporate Identification Number) of Credence Logistics is U63090WB1991PLC052729. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Credence Logistics has 111 court cases on record: 58 filed by the company and 53 filed against it. 15 are pending. Most are in the district courts.
Credence Logistics was incorporated on 16 August 1991, making it 35+ years old. It is registered with the Registrar of Companies, Kolkata.
Namdeo Shankar Zagade ceased to be Additional Director on 01 Nov 2023. Milind Nilkanth Mande ceased to be Additional Director on 28 Mar 2023. Namdeo Shankar Zagade was appointed as Additional Director on 30 Jun 2022. Credence Logistics has 47 board changes on record in total.
Credence Logistics can be reached through the website credencelogistics.com. Its registered office is in Kolkata, West Bengal, India.
The registered office of Credence Logistics is at 11 Khairu Place 3rd Floor, Kolkata, West Bengal, India – 700072.
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