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CORPORATE COURIERS & CARGO LTD.

04 March 2024 | 12:00

Industry >> Couriers

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ISIN No INE871E01018 BSE Code / NSE Code 526737 / CORPOCO Book Value (Rs.) 0.83 Face Value 10.00
Bookclosure 30/09/2020 52Week High 6 EPS 0.00 P/E 0.00
Market Cap. 2.15 Cr. 52Week Low 2 P/BV / Div Yield (%) 3.59 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
Premier Corporate Services Pvt. Ltd., (PCSPL) was incorporated in the State of Maharashtra on 1st July, 1986 to carry on the business of courier and express parcel service in the name of Corporate Couriers.

Premier Corporate Services Pvt. Ltd., on incorporation, took over the business of Corporate Couriers a proprietory firm. Corporate Couriers became the first division of PCSPL. In the year 1991, the Company added a new division in the name of Premier Express to handle express parcel service. It was followed by the formation of another division called Corporate Distribution Service to handle C & F, warehousing and distribution. The Company thereafter set about improving its infrastructure by upgrading its facilities for its various divisions. The Company could effectively upgrade its facilities after completion of its own office building near the domestic airport at Bombay called Corporate Manor. The Company was one of the earliest subscribers and is an extensive user of I-Net, a public data switching exchange set up by DOT in the country. The persistent efforts of the Company paid rich dividends when in Sept. 1992 TNT Express Worldwide, a global giant in transportation appointed the Company's Courier division, Corporate Couriers, as distribution agent in India. The relationship grew further and fructified into a ground distribution and licensing arrangement and the Company becoming a joint venture partner in TNT Express Worldwide (India) Pvt. Ltd., The Company is represented on the Board of TNT Express Worldwide (India) Pvt. Ltd., by Mr. T.Raghavan Sarathy. TNT Express Worldwide has nominated Mr. Richard Davis as a Director on the Board of the Company.

The Company was converted into a Public Limited Company by passing a Special Resolution at an Extra-ordinary General Meeting held on September 10, 1994 under the provisions of Sections 31 and 44 of the Companies Act, 1956, by amending its Articles of Association. A Certificate to this effect was obtained from Registrar of Companies, Maharashtra at Bombay. Subsequently, the name of the Company was changed to Corporate Couriers Limited by passing a Special Resolution under Section 21 of the Companies Act, 1956 and a certificate to that effect was obtained on October 5, 1994 in order to be known by its trade name and to provide a true reflection of the nature of its activities. The registered office of the Company is located at Corporate Manor, Vile Parle (E), Bombay 400 057.

There are no pending litigations, disputes, defaults to financial Institutions and Banks. There are no statutory dues or proceedings initiated against the Company. Claims arising during the normal course of business have been adequately provided for in the books of accounts of the Company.

2008

-Bihar Sponge Iron Ltd has has appointed Mr. B N Nayak as nominee director in place of Mr. R P Singh.

2012

--Registered Office of the Company has been shifted from 484, Parvati Sadan,Veer Savarkar Marg, Prabhadevi, Mumbai-400025 to 14/209, Adarsh Nagar, Worli, Mumbai- 400025.

2014 -Mr. Ritesh Patel has been appointed as Additional Director of the company.

2018

Company received NCLT Final order for scheme of arrangement for the demerger of the (a) Engineering Services Business of the company with Harish Textile Engineers Ltd (HTEL) and of (b) the real estate business of the company with Mahesh Developers Ltd (MDL).