Collateral Risk management capabilities
Warehousing is a fully operation oriented business. All warehouse operations team is well trained for day to day risk free execution of the CM operations. The warehouse manager/KKASP will store and deliver goods in the packages in which they are originally received, unless otherwise provided by an arrangement in writing between the depositor and the warehouse manager/KKASP and in that event subject to a change. All goods for storage shall be delivered at the warehouse properly marked and packed for handling. In case the warehouse manager/KKASP considers it necessary to make the stack and standardize and change the packages, he will be entitled to do so and the depositors shall be liable to pay the charges on that account. The warehouse manager/KKASP may, at his discretion, refuse to accept goods which are in a condition not likely to stand storage. Below are the details on security arrangement, insurance and building management.
Security of warehouse and stock deposited
Each and every warehouse and location shave adequate security cover. The independent and professional security agencies have been appointed at each location for providing security guards for day time and night time as per the requirements, with and without arms as per the requirements and reporting to the administration on daily basis.
The security guard at each warehouse and location shall be changed periodically and not more than 3 months. The contact details of each security agencies and security guard are available to the administrative office as well as regional manager at all point of time.
Insurance Management
We are having insurance policy covering Fire, Burglary, Flood, Earthquake and other risk parameters over our entire stock amounting to Rs. 30 Cr.KKASP has taken floater stock insurance and fidelity insurance policy as per WDRA norms. At all point of time having adequate and sufficient insurance cover including timely renewal of all policies. The risk of fire, flood, earth quake, burglary and any other as required are sufficiently obtained.
Warehouse Building Management
The maintenance of the warehouse building so as to cover any leakages, water falling, and if required temperature maintenance conducted from time to time. The warehouses are periodically cleaned and properly maintained. Proper fire safety as required in the warehouse and commodities kept at warehouses in case of requirement and flammable commodities being stored. As per WDRA norms we ensure the structure of the warehouse is covered with sufficient insurance policy.
KKASP Collateral Management services generally comprise of:
- Handle export / import of agricultural commodities
- Set up / create warehousing infrastructure by setting up ‘District Centers’ to cover all Mandies in the various states.
- Deal in high yielding and quality seeds, fertilizers and pesticides for the benefit of the farmers in the state.
- Liable with State Agriculture Dept. (PAC) for introducing / implementing better farm practices to improve farm productivity in the state.
- Timely information to the Bank on issues pertaining to the Quantity or Quality of the commodity.
- Weekly reports about quantity and safety of the commodities to the Bank.
- Monthly reports about quality, quantity and safety of the commodities to the Bank.
- Fortnightly price information.
- Security, where KKASP has sole custody of the goods