0001398432-11-000874.txt : 20111107 0001398432-11-000874.hdr.sgml : 20111107 20111107171107 ACCESSION NUMBER: 0001398432-11-000874 CONFORMED SUBMISSION TYPE: 40-17F2 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20111107 DATE AS OF CHANGE: 20111107 EFFECTIVENESS DATE: 20111107 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERITRANS CAPITAL CORP CENTRAL INDEX KEY: 0001064015 IRS NUMBER: 522102424 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 40-17F2 SEC ACT: 1940 Act SEC FILE NUMBER: 814-00193 FILM NUMBER: 111185418 BUSINESS ADDRESS: STREET 1: 50 JERICHO QUADRANGLE STREET 2: SUITE 109 CITY: JERICHO STATE: NY ZIP: 11753 BUSINESS PHONE: 2123552449 MAIL ADDRESS: STREET 1: 50 JERICHO QUADRANGLE STREET 2: SUITE 109 CITY: JERICHO STATE: NY ZIP: 11753 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMERITRANS CAPITAL CORP CENTRAL INDEX KEY: 0001064015 IRS NUMBER: 522102424 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 40-17F2 BUSINESS ADDRESS: STREET 1: 50 JERICHO QUADRANGLE STREET 2: SUITE 109 CITY: JERICHO STATE: NY ZIP: 11753 BUSINESS PHONE: 2123552449 MAIL ADDRESS: STREET 1: 50 JERICHO QUADRANGLE STREET 2: SUITE 109 CITY: JERICHO STATE: NY ZIP: 11753 40-17F2 1 ameritrans_4017f2-110711.htm FORM 40-17F2 Unassociated Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549
 
FORM N-17f-2
 
Certificate of Accounting of Securities and Similar
Investments in the Custody of Management Investment Companies
 
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
 
1.
Investment Company
Date examination completed:
 
814-00193
June 30, 2011
2
State Identification Number:
  
AL
AK
AZ
AR
CA
CO
CT
DE
DC
FL
GA
HI
ID
IL
IN
IA
KS
KY
LA
ME
MD
MA
MI
MN
MS
MO
MT
NE
NV
NH
NJ
NM
NY
NC
ND
OH
OK
OR
PA
RI
SC
SD
TN
TX
UT
VT
VA
WA
WV
WI
WY
Puerto Rico
Other (specify):
 
3.
Exact name of investment company as specified in registration statement:
 
Ameritrans Capital Corporation
4.
Address of principal executive office:(number, street, city, state, zip code)
 
50 Jericho Quadrangle, Suite 109, Jericho, NY  11753
 
INSTRUCTIONS
 
This Form must be completed by the investment companies that have custody of securities or similar investments.
 
Investment Company
 
1.
All items must be completed by the investment company.
 
2.
Give this Form to the independent public accountant who, in compliance with Rule 17f-2 under the Act and applicable state law, examines securities and similar investments in the custody of the investment company.
 
Accountant
 
3.
Submit this Form to the Securities and Exchange Commission and appropriate state securities administrators when filing the certificate of accounting required by Rule 17f-2 under the Act and applicable state law. File the original and one copy with the Securities and Exchange Commission's principal office in Washington, D.C., one copy with the regional office for the region in which the investment company's principal business operations are conducted, and one copy with the appropriate state administrator(s), if applicable.
 
 
 
 
Management Statement Regarding Compliance with Certain Provisions
of the Investment Company Act of 1940
 


November 7, 2011

Rosen Seymour Shapss Martin & Company LLP
757 Third Avenue
New York, New York 10017

To Whom It May Concern:

We, as members of management of Ameritrans Capital Corporation (the “Company”), are responsible for complying with the requirements of subsections (b) and (c) of rule 17f-2, "Custody of Investments by Registered Management Investment Company," of the Investment Company Act of 1940.  We are also responsible for establishing and maintaining effective internal controls over compliance with those requirements.  We have performed an evaluation of the Company's compliance with the requirements of subsections (b) and (c) of rule 17f-2 as of June 30, 2011, and for the period from March 31, 2011 through June 30, 2011.

Based on this evaluation, we assert that the Company was in compliance with the requirements of subsections (b) and (c) of rule 17f-2 of the Investment Company Act of 1940 as of June 30, 2011, and for the period from March 31, 2011 through June 30, 2011, with respect to securities and similar investments reflected in the investment account of the Company.
 
Ameritrans Capital Corporation
  
Ameritrans Capital Corporation
         
         
By:
/s/ Michael Feinsod
  
By:
/s/ Richard L. Feinstein
 
Michael Feinsod, President, CEO
    
Richard L. Feinstein,
       
Chief Financial Officer

 
 
 
 
[Rosen Seymour Shapss Martin & Company LLP Letterhead]


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Board of Directors of
Ameritrans Capital Corporation and Subsidiaries:

We have examined management’s assertion, included in the accompanying Management Statement Regarding Compliance with Certain Provisions of the Investment Company Act of 1940, that Ameritrans Capital Corporation and Subsidiaries (the “Company”) complied  with the requirements of subsections (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940 (the “Act”) as of June 30, 2011.  Management is responsible for the Company’s compliance with those requirements.  Our responsibility is to express an opinion on management’s assertion about the Company’s compliance based on our examination.

Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances.  Included among our procedures were the following tests performed as of June 30, 2011, and with respect to agreement of security and similar investments purchases and sales, for the period March 31, 2011 (the date of our last examination) through June 30, 2011:

●
Count and inspection of all securities and similar investments located in the vaults of Citibank N.A. and Capital One Bank N.A. in New York;
●
Confirmation of all securities and similar investments held in book entry form by Israel Discount Bank of New York (the “Custodian”);
●
Reconciliation of all such securities and investments to the books and records of the Company and the Custodian; and
●
Agreement of zero security purchase and 1 security sales, payoffs or maturities during the period from March 31, 2011 to June 30, 2011 from the books and records of the Company to related agreements.
 
We believe that our examination provides a reasonable basis for our opinion.  Our examination does not provide a legal determination of the Company’s compliance with specified requirements.

In our opinion, management’s assertion that Ameritrans Capital Corporation and Subsidiaries was in compliance with the requirements of sub­sections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of June 30, 2011, with respect to securities and similar investments reflected in the investment accounts of the Company is fairly stated, in all material respects.

This report is intended solely for the information and use of management and the Board of Directors of Ameritrans Capital Corporation and Subsidiaries and the Securities and Exchange Commission and is not intended and should not be used by anyone other than these specified parties.



/s/ Rosen Seymour Shapss Martin & Company LLP

CERTIFIED PUBLIC ACCOUNTANTS
New York, New York
November 7, 2011