Kredence Multi Trading Limited
About Kredence Multi Trading Limited
Data last updated:
Kredence Multi Trading Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 04 February 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1984PLC389859. Its GSTIN is 27AAACS0778A1ZN (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹2.11 Cr. It was formerly known as Sanjug Trading Company Limited and Sanjog Trading Company Limited. It is led by directors including Amar Nath Jha (Whole-Time Director) and Surendra Deepchand Sharma.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹385.42 Cr, a growth of 80% compared to the previous year. For the same year it recorded a net loss of ₹43.64 Cr (net margin -11.3%) and EBITDA of -₹47.84 Cr (EBITDA margin -12.4%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 21% over five years.
As per MCA filings, the company has open charges of ₹38.5 Cr and satisfied charges of ₹403 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Kredence Multi Trading has undergone 2 name changes throughout its history. The company was previously known as Sanjug Trading Company Limited, and Sanjog Trading Company Limited. The current legal name is Kredence Multi Trading Limited.
| Company Name | Status |
|---|---|
| Kredence Multi Trading Limited | Current |
| Sanjug Trading Company Limited | Previous |
| Sanjog Trading Company Limited | Previous |
CIN history
Kredence Multi Trading has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U51900MH1984PLC389859, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51900MH1984PLC389859 | Current |
| U51900HR1984PLC048132 | Previous |
| U51900MH1984PLC031992 | Previous |
Contact details
Kredence Multi Trading Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressOffice No. 105 & 106 Uttam House, 69 P Dmello Road Carnac Bunder, Mumbai, Maharashtra, India – 400009
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Kredence Multi Trading 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
Financials of Kredence Multi Trading Limited
FY 2024 filings availableKredence Multi Trading Limited reported revenue of ₹385.42 Cr (up 80% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 80% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 21%. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹385.42 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹47.84 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹43.64 Cr | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -12.4% | ||||
| Net Profit Margin | -11.3% | ||||
| 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 Kredence Multi Trading Limited, buy the company report.
Board of directors of Kredence Multi Trading Limited
Kredence Multi Trading has 4 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surendra Deepchand Sharma | Director | 18 Jul 2022 | 4 Years 3 Months | Current |
| Jagath Chandra Also directs: Uttam Galva Ferous Limited, Golden Greens Golf and Resorts Limited | Director | 24 Jan 2022 | 4 Years 9 Months | Current |
| Rajiv Munjal Krishnakumar Also directs: Assurity Real Estate LLP, Uttam Galva Steel Limited, Uttam Galva Ferous Limited and 5 more | Director | 01 May 2021 | 5 Years 5 Months | Current |
| Amar Nath Jha Also directs: Uttam Galva Steel Limited | Whole-Time Director | 19 Mar 2019 | 7 Years 7 Months | Current |
Auditor
Kredence Multi Trading Limited is audited by Garg Bros & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Garg Bros & Associates | FY 2023 | 001005N |
Shareholding
The shareholding of Kredence Multi Trading Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kredence Multi Trading Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jun 2000 | 90213565 | Global Trust Bank Ltd | ₹20 Cr | Open | |
| 21 Dec 1998 | 90213293 | Global Trust Bank Ltd | ₹15 Cr | Open | |
| 02 Sep 1979 | 90214199 | Global Trust Bank Ltd | ₹3.5 Cr | Open | |
| 15 Mar 2018 | 100165674 | Others | ₹86 Cr | Satisfied | |
| 13 Sep 2012 | 10379895 | Dena Bank | ₹245 Cr | Satisfied |
To see the full charge records of Kredence Multi Trading Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Kredence Multi Trading Limited has 2 court cases on record: 1 filed by Kredence Multi Trading, 1 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed by the company against Lloyds Finance Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Police cases PW) | Filed against the company by an individual | Pending |
To see the full case history of Kredence Multi Trading 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.
Credit ratings & regulatory alerts
Kredence Multi Trading Limited was last rated by Icra on 27 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 27 Oct 2021 |
To see the full credit ratings and regulatory alerts of Kredence Multi Trading Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kredence Multi Trading Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Kredence Multi Trading has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS0778A1ZN | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kredence Multi Trading Limited, buy the company report.
Recent activity
Kredence Multi Trading Limited has 21 board changes on record since 2009: 4 appointments and 17 cessations. The latest: Jagath Chandra ceased to be Additional Director on 30 Sep 2022.
25 earlier events are in the company report.
Frequently asked questions
Kredence Multi Trading is an active public limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 04 February 1984 (42+ years old) and is registered under CIN U51900MH1984PLC389859.
Kredence Multi Trading has 4 current directors:
- Amar Nath Jha - Whole-Time Director
- Surendra Deepchand Sharma - Director
- Jagath Chandra - Director
- Rajiv Munjal Krishnakumar - Director
The latest financial statements of Kredence Multi Trading on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Kredence Multi Trading is 27AAACS0778A1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Kredence Multi Trading is U51900MH1984PLC389859. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kredence Multi Trading has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Kredence Multi Trading was incorporated on 04 February 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
Jagath Chandra ceased to be Additional Director on 30 Sep 2022. Surendra Deepchand Sharma ceased to be Additional Director on 30 Sep 2022. Surendra Deepchand Sharma was appointed as Director on 18 Jul 2022. Kredence Multi Trading has 21 board changes on record in total.
The registered office of Kredence Multi Trading is at Office No. 105 & 106 Uttam House, 69 P Dmello Road Carnac Bunder, Mumbai, Maharashtra, India – 400009.
Kredence Multi Trading operates in the metals and minerals industry, in the metal retail and distribution segment.