Operational Capabilities
KKASP warehousing manual/SOP which covers each and every aspect of warehousing and Collateral Management activities. We have detailed Business Continuity Plan (BCP) which we test every year and submit report to various stake holders. KKASP has own Warehouse Management Software. We have centralized operations.
We issue warehouse receipt after maker and checker process. Similarly at the time of delivery we follow the maker and checker approval process. We have real time surveillance mechanism at our own warehouse. All warehouses have CCTV camera. Continuous training of field staff on new WDRA norms or internal SOP up gradation. Dedicated customer desk to handle the day to day customer business query. This sector witness high expectation from the warehousing industry therefore same customer desk and operation team work jointly work on customer grievances if any. There is proper escalation matrix in case of query not answered on time.
We offer tangible professionalism with trust by offering all time stock visibility option with real-time alerts for stock movements.
KYD (Know Your Depositor) registration and maintenance: Negate unauthorized access to stocks
Depositor would have access to Electronic Management System for tracking his holding and transactions
Depositor would receive email as well as SMS alerts on registered ID and Number
Process oriented profile and system in place of person oriented
Arm’s length relation with concerns too.
Managing primary risks associated with WHR Financing:
Quantity Risk
- Daily upkeep and maintenance by dedicated warehouse in charge.
- Periodic Inspection by Area Manager.
- Internal audit
- Independent Audit and Inspection Deptt.
Quality Risk
- Stock Revalidation in every 6 Months
- Dedicated Pest control team to control infestation and quality deterioration.
- Commodity testing and certification is done only through NABL approved testing labs.
Price Risk
- Daily monitoring of market price of each commodity.
- Periodic margin reports of funded stock to banks
- Disposal services of collateral if required
Operational Risk
- WDRA approved warehouses.
- Deployed manpower is experienced in commodity handing.
- Insurance/fidelity/Security
- Dedicated guards for surveillance.
- CCTV enabled warehouses.
Value added services
A service provider who can offer integrated solution to diverse activities of warehousing; will always be preferred; and that is what we offer at KKASP. KKASP is a company engaged in providing services pertaining to collateral management, storage & warehousing, testing & certification, market information and other risk management services for commodities and inventories.The purpose of the collateral management structure is to monitor the commodity stored in a designated area as collateral towards loans disbursed by financial institutions. As KKASP empanelled as collateral manager KKASP monitors and provides continuous information pertaining to:
- Warehouse structure
- Quantity of commodities
- Quality of commodities
- Price of commodities
- Insurance
- Helps in increasing Priority sector lending.
- KKASP ensure safety and security of assets under management. Up-to-date Stock insurance and fidelity risk insurance.
- Robust commodity risk management process. Regular internal and third party audit and inspection.
- Helps in liquidation of NPA stock.
- We are increasing own and leased godowns. Aim to bring more warehouses under WDRA accreditation.
- Plan to link KKASP warehouses with WDRA Repository and e-NAM.
- Approved warehouse with WDRA and Repository for on-line eNWR/eWR generation. Will provide host of value added services to farm community via Repository Participants n
The Company will provide storage for agric commodities procured at the hub; retail warehousing for hub level clients i.e. farmers, small traders, local level processors; will act as a bulk stockiest for bulk buyers and Agric input warehousing for fertilizers, pesticides etc.
KKASPL will provide allied services in the form of warehouse receipt financing and collateral management. The Company will provide warehouse receipt financing to different segments – retail traders / stockiest, farmers, small processors and corporate Agric processor / exporter clients. The Company will provide collateral management services as a custodian of the goods pledged with the bank at the warehouses. They will also provide information services through regular updates on quality, quantity and value of the commodity placed in the warehouse. KKASPL will earn a sourcing fee, QC charges and collateral management fees for warehouse receipt financing at its own warehouses, Leased Warehouses and field warehouses (godown managed by third parties but physical custody of premises by way of lease agreement with KKASPL). KKASPL will earn a sourcing fee and QC charges for warehouse receipt financing at government warehouses.