Garda World 2008 Financial Assessment Description of the Firm and its Activities 3 Nature of the Industry and State of the Competition 4 Financial Risk Assessment 5 Garda Balance sheet overview and 2008 key facts 5 Liquidity Risk 6 Solvency Risk 6 Profitability 7 Recurring Earnings 8 Other factors 9 Foreign exchange risk 9 Variable interest rates on long-term debts 9 Recommendation 10 Description of the Firm and its Activities Garda is one of Canada’s fastest growing companies, providing integrated security services on a worldwide scale. With a revenue increase of 800% in the last ten years, reaching 1.17 billion CAD in 2008, Garda is the fifth largest security company in the world. Garda’s activities are divided mainly in two major divisions: • Physical security: Garda provides various services related to physical security including protection of public and private places or sensitive areas by uniformed guards (i.e. airport screening), in-store loss prevention, Executive & VIP protection, security patrols, and high-risk market security (i.e. military conflicts zones). • Cash and value logistics: with a fleet of more than 1500 armored vehicles and airplanes, Garda provides services related to cash and coin processing, ABM/ATM maintenance and management, locks and safes supply and management. Garda is also active in corporate consulting and investigation, as well as pre-employment screening. These combined divisions represent 15% of its annual revenue. Nature of the Industry and State of the Competition In the last decade, the security industry market grew fast and new business opportunities emerged in response to the tightening of security policies after September 2001 in both pub... ... middle of paper ... ... |6.74% |-18.91% | |Financing expenses |4.86% |2.41% |101.79% | |Income before income taxes |0.61% |4.33% |-85.91% | |Provision for (recovery of) income taxes |-0.73% |1.25% |-158.12% | |Net income for the year |1.34% |3.08% |-56.55% | |Market Cap | |Outstanding shares |30968000 | |Price at Jan 31, 2008 |14.61 | | |452442480 |
To help accounting professionals easily navigate through 50-plus years of unorganized US generally accepted accounting principles (GAAP) and standards the Trustees of the Financial Accounting Foundation approved the Financial Accounting Standards Board (FASB) Accounting Standards Codification (Codification.) By codifying authoritative US GAAP, FASB will provide users with real-time and accurate information in one location. Concurrently, FASB developed the FASB Codification Research System; a web-based system allowing registered users to electronically research accounting issues. Since 2009, the codification became the single source of nongovernmental authoritative GAAP.
Whitman, M., & Mattord, H. (2010). Management of information security. (3rd ed., p. 6). Boston, MA: Cengage Learning.
Their main things are air control, air support, anti-air warfare, aircraft maintenance list, airfield services, ammunition and explosive ordinance, aviation logistics, aviation ordinance.
The events of 9/11 showed us the importance of national security. The attack highlighted the weakness in identifying and denying asymmetrical style attacks against the United States. Port security, along with aviation, ground transportation, customs and other realms of security have seen their share of changes after 2001. In regards to seaborne trade, more than 95 percent of the nation's imported cargo moves through America's 361 seaports each year, and the maritime industry contributes more than $1 trillion to America's annual gross domestic product (Chris, para. 16). The United States port system and that of the worlds is one of the most vital transportation nodes when talking about volume, capacity, and revenue. To strengthen this vital
The article “Security at Center Stage” depicts five secrets to a CSO’s success; it outlines the attributes needed to obtain success in the evolving field of security management. With the evolving role of a CSO there is a great necessity to satisfy all levels of need in the security and business setting. According to the article “Security at Center Stage” a CSO’s success is contingent on being “more that the average techie”, having a “focus on business”, being a “relationship builder”, requiring “an eye toward pervasive security”, and implementing a “dual reporting structure.”
The private security and law enforcement officer as well the FBI function and responsibilities have tightened after the 9/11 attacked. Private security officers are undergoing more advanced training from latest technology system to protect the nation to terrorism to be prepared and ready in any event that might come along the way like the 9/11 attacked. After the disastrous event of the 9/11 attack numerous companies and group of people obligate themselves a thorough investigation and evaluation. Security companies are more watchful and alert doing total criminal screening that includes background checks, financial check, criminal records and fingerprinting on potential employees and so total background checks on agency and essential plan of action to possible business partners. Private security also identifies the important of well trained security officers in giving protection to entry points. To be effective in the role and responsibility of private security officer it needs both public and private entity to work hand in hand in protecting the nation.
‘It is clear that the private security industry has experienced substantial growth, particularly if one compares the size of the industry in 1950 with that in 1995. In 1950 there were a dozen or so companies involved in the provision of security services and products; now there are thousands, in what could be described as a multi-billion industry (George and Button : 30).’ Policing is now being widely offered by institutions other than the state, most importantly by private companies on a commercial basis and by communities on a volunteer basis (Bayley and Shearing, 1996).’ According to South, Jones and Newburn, private security industry in Britain has grown from the post war years from a few specialised firms catering for the rich folk to a multi-billion pound industry (South, 1988; Jones and Newburn1998). Johnston echoes the fact that there has been a significant increase in private forms of policing over the years in South Africa and many countries including Western democracies and other societies in Eastern Europe, Latin America and Africa (Johnston, 1992).
BENAC, N. (2011). National security: Ten years after september 11 attacks, u.s. is safe but not
The event that took place on the September 11, 2001 remains one of the worst terrorist atrocities that the United States of America and the entire world have ever experienced. Following this specific event, the aviation industry has made numerous efforts to enhance their approach of security. Given the important role that the transport industry plays in the community from an economic and social among other perspectives, it is necessary for the Transportation Security Administration (TSA) to enhance their security efforts. The main objective of this essay is to present a discussion that discusses whether or not the airport security has improved in a measurable way since September 11, 2001. There is also a need
Col. Randy Larson, renown author and Director of the Weapons of Mass Destruction (WMD) Center, speaks on an in-depth prospective of the field of homeland security and factors that drive the continued efforts to address future threats to the nation for the 21 century. The area of focus presented in the interview are the various ways an individual may enter the field but are not limited to a particular area of study. For example, health care, agriculture, or political science, there is essential no set track for finding a career in homeland security. Challenges surrounding area of homeland security are the mounting financial burdens and the need for the appointment of leadership at a national executive level to address this realistic future threat. Despite these concerns, evidence suggests quality system practices can assist in guiding theses area and the adoption of tools that support quality improvement when addressing homeland security and future concerns.
Snow, Donald. (2014). National Security for a New Era. Fifth Edition. Pearson Education, Inc. Upper Saddle River, New Jersey.
The world is currently facing the most complex and challenging security environment in recent history. In the last 20 years, a new dimension of threats to security have emerged and in the process altered the way security is conceived within the discourse of the global security landscape. Dealing with these challenges requires a versatile and robust security sector. From the 1990s, Security Sector Reform (henceforth denoted SSR) emerged as a key concept, which became widely accepted by both development practitioners and security experts, following its proposition to a larger public in a speech by Clare Short, Minister for International Development of the United Kingdom, in London in 1998.
Principle of Security Management by Brian R. Johnson, Published by Prentice-Hall copyright 2005 by Pearson Education, Inc.
Johnson, B. R. (2005). Principles of Security Management. Upper Saddle River, NJ: Pearson Prentice Hall.
Kelly, C. T. (2005). Security: a Brief History. In C. T. Kelly, Buisness, Corporate, and Industrial