Corporate Courier & Cargo Share price

Premier Corporate Services Pvt. Ltd. (PCSPL) was incorporatedin the State of Maharashtra on 1st July 1986 to carry on thebusiness of courier and express parcel service in the name ofCorporate Couriers.Premier Corporate Services Pvt. Ltd. on incorporation tookover the business of Corporate Couriers a proprietory firm.Corporate Couriers became the first division of PCSPL. In theyear 1991 the Company added a new division in the name ofPremier Express to handle express parcel service. It wasfollowed by the formation of another division called CorporateDistribution Service to handle C & F warehousing anddistribution. The Company thereafter set about improving itsinfrastructure by upgrading its facilities for its variousdivisions. The Company could effectively upgrade its facilitiesafter completion of its own office building near the domesticairport at Bombay called Corporate Manor. The Company was one ofthe earliest subscribers and is an extensive user of I-Net apublic data switching exchange set up by DOT in the country. Thepersistent efforts of the Company paid rich dividends when inSept. 1992 TNT Express Worldwide a global giant intransportation appointed the Company''s Courier divisionCorporate Couriers as distribution agent in India. Therelationship grew further and fructified into a grounddistribution and licensing arrangement and the Company becominga joint venture partner in TNT Express Worldwide (India) Pvt.Ltd. The Company is represented on the Board of TNT ExpressWorldwide (India) Pvt. Ltd. by Mr. T.Raghavan Sarathy. TNTExpress Worldwide has nominated Mr. Richard Davis as a Directoron the Board of the Company.The Company was converted into a Public Limited Company bypassing a Special Resolution at an Extra-ordinary GeneralMeeting held on September 10 1994 under the provisions ofSections 31 and 44 of the Companies Act 1956 by amending itsArticles of Association. A Certificate to this effect wasobtained from Registrar of Companies Maharashtra at Bombay.Subsequently the name of the Company was changed to CorporateCouriers Limited by passing a Special Resolution under Section21 of the Companies Act 1956 and a certificate to that effectwas obtained on October 5 1994 in order to be known by itstrade name and to provide a true reflection of the nature of itsactivities. The registered office of the Company is located atCorporate Manor Vile Parle (E) Bombay 400 057.There are no pending litigations disputes defaults tofinancial Institutions and Banks. There are no statutory dues orproceedings initiated against the Company. Claims arising duringthe normal course of business have been adequately provided forin the books of accounts of the Company.