About Force 1 Guarding Services Private Limited
Data last updated:
Force 1 Guarding Services Private Limited is a private limited company based in Chennai, Tamil Nadu, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the security and surveillance segment of the business services sector. It was incorporated on 28 March 2002.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74920TN2002PTC048679. Its GSTIN is 36AAACF7134M1ZG (Telangana). The company holds 8 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Vellore Chinnaiah Inder Kumar and Vinoth Kumar.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at No.3/1 Lake View Road Kottur, Chennai, Tamil Nadu, India – 600085.
As per the financials filed for FY 2018, the company reported a revenue of ₹35.2 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹3.75 Lakh (net margin 0.1%) and EBITDA of ₹1.12 Cr (EBITDA margin 3.2%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹30 Lakh on record. Court records list 25 cases involving the company, including 21 filed by the company and 5 filed against it; 1 case is pending.
The last known website on record is force1services.com.
Company details
Contact details
Force 1 Guarding Services Private Limited's registered office is in Chennai, Tamil Nadu. Its website is force1services.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.3/1 Lake View Road Kottur, Chennai, Tamil Nadu, India – 600085
- IndustryBusiness Services, Security & Surveillance
To see the full contact details of Force 1 Guarding Services 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 Force 1 Guarding Services is support service to organizations. In detail, this covers security and investigation activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N4 | Security and investigation activities |
To see the full business activity and turnover split of Force 1 Guarding Services Private Limited, buy the company report.
Financials of Force 1 Guarding Services Private Limited
FY 2018 filings availableForce 1 Guarding Services Private Limited reported revenue of ₹35.2 Cr (up 25% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over three years, including 25% growth in the latest year. EBITDA rose 14% 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 | ₹35.2 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
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| Depreciation and Amortisation | ||||
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| Total Expenses | ||||
| EBITDA | ₹1.12 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹3.75 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
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| Inventories | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 3.2% | |||
| Net Profit Margin | 0.1% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| Receivable Days | ||||
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| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Force 1 Guarding Services Private Limited, buy the company report.
Board of directors of Force 1 Guarding Services Private Limited
Force 1 Guarding Services has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vellore Chinnaiah Inder Kumar | Director | 28 Mar 2002 | 24 Years 6 Months | As last reported |
| Mathialagan Manickam | Additional Director | 30 Dec 2019 | 6 Years 9 Months | As last reported |
| Xavier Antony | Additional Director | 30 Dec 2019 | 6 Years 9 Months | As last reported |
| Vinoth Kumar | Director | 09 Dec 2013 | 12 Years 10 Months | As last reported |
Auditor
Force 1 Guarding Services Private Limited is audited by TASKY ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TASKY ASSOCIATES | FY 2018 | 008730N |
Shareholding
The shareholding of Force 1 Guarding Services Private Limited is on record for 4 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 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Force 1 Guarding Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Feb 2013 | 10406915 | Syndicate Bank | ₹30 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Force 1 Guarding Services Private Limited has 25 court cases on record: 21 filed by Force 1 Guarding Services, 5 filed against it. 1 case is pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 3 | 1 |
| High courts | 4 | 2 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Civil suit | Filed against the company by Force 1 Guarding Services Pvt Ltd,Rep by Its Ceomr.Bobby Thomas and 1 other | Disposed |
| High Court | Civil suit | Filed by the company against Force 1 Guarding Services Pvt.Ltd. Rep.By Its Propr.Harjit Singh Gill | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed by the company against Vasan Health Care Pvt Ltd, | Disposed |
| District court, Tiruvallur, Tamil Nadu | Execution petition | Filed by the company against M/S .Win Wind Power Energy Pvt Ltd., | Disposed |
| District court, Hyderabad CCC, Telangana | Civil suit | Filed by the company against M.S. VMC Systems Limited | Disposed |
To see the full case history of Force 1 Guarding Services Private 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 Force 1 Guarding Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Force 1 Guarding Services Private Limited has a workforce of 18 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Force 1 Guarding Services has 8 GST registrations: 1 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAACF7134M1ZG | Telangana | Active | 07 Aug 2017 |
To see the full GST registrations and return filing status of Force 1 Guarding Services Private Limited, buy the company report.
Recent activity
Force 1 Guarding Services Private Limited has 7 board changes on record since 2002: 4 appointments and 3 cessations. The latest: Mathialagan Manickam was appointed as Additional Director on 30 Dec 2019.
Frequently asked questions
Force 1 Guarding Services is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Force 1 Guarding Services is a company under insolvency, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in security and surveillance, within the business services industry. It was incorporated on 28 March 2002 and is registered under CIN U74920TN2002PTC048679. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Force 1 Guarding Services has 4 current directors:
- Vellore Chinnaiah Inder Kumar - Director
- Mathialagan Manickam - Additional Director
- Xavier Antony - Additional Director
- Vinoth Kumar - Director
The latest financial statements of Force 1 Guarding Services on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Force 1 Guarding Services is U74920TN2002PTC048679. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Force 1 Guarding Services has open charges of ₹30 Lakh and no satisfied charges on record as per latest MCA filings.
Force 1 Guarding Services has 25 court cases on record: 21 filed by the company and 5 filed against it. 1 is pending. Most are in the district courts.
Force 1 Guarding Services was incorporated on 28 March 2002. It is registered with the Registrar of Companies, Chennai.
Mathialagan Manickam was appointed as Additional Director on 30 Dec 2019. Xavier Antony was appointed as Additional Director on 30 Dec 2019. Shibu Isaac ceased to be Director on 14 Mar 2017. Force 1 Guarding Services has 7 board changes on record in total.
Force 1 Guarding Services can be reached through the website force1services.com. Its registered office is in Chennai, Tamil Nadu, India.