Uma Exports Ltd Company Summary

Uma Exports Ltd Summary

The Company was originally incorporated as Uma Exports Private Limited on March 9, 1988 as a Private Limited Company under the Companies Act, 1956 with the Registrar of Companies, West Bengal. Subsequently, pursuant to a Special Resolution of Shareholders passed in an Extra-Ordinary General Meeting dated December 14, 2009, the Company was converted from a Private Limited Company to a Public Limited Company and consequently the name of Company was changed to Uma Exports Limited, and a fresh Certificate of Incorporation dated March 25, 2010 was issued to the Company by the Registrar of Companies, West Bengal. Rakesh Khemka and Sumitra Devi Khemuka are Present Promoters of the Company. The Company is engaged into trading and marketing of agricultural produce and commodities such as sugar, spices like dry red chilies, turmeric, coriander, cumin seeds, food grains like rice, wheat, corn, sorghum and tea, pulses and agricultural feed like soyabean meal and rice bran deoiled cake. The Company import lentils, faba beans, black urad dal and tur dal in India in bulk quantities. The major imports are done from Canada, Australia and Burma. The Company generally procure the commodities in a container or by sharing the vessel load. Procurement of commodities through vessel has larger economies of scale as compared to a container. The Company can save on reduced costs such as freight, duties etc. if the commodities are procured through a vessel. This will in turn result in better profitability for the Company. The Company is continuously striving to initiate various steps to reduce the costs attached with procurement of agricultural produce and commodities. The Company is B2B traders, highly specialized in sugar, corn and dal. It maintain stocks and distribute them to different institutional parties like manufacturers, exporters, etc. and provide the same in bulk quantities. The Company has developed business strategy to switch over exports/imports from one commodity to another with change in demand or inconsistency in pricing for any commodity during any season. This policy adopted by the management ensures that the Company does not pass through a lean period during the year. The Company has a pan-India market presence and export sugar products to countries such as Sri Lanka, UAE & Afghanistan and corn to Bangladesh, etc. Apart from this, Company majorly sell the agricultural produce and commodities to various end users including merchants dealing inagricultural commodities and distributors.In 1997, the Company diversified business from trading in building materials to trading in agricultural produce and commodities.In 1997, the Company received a Certificate of Membership from Agricultural and Processed Food Products Export Development Authority to act as merchant-exporter for floriculture, vegetable seeds, basmati rice, wheat, herbal and medicinal plants etc.In 1998, the Company was granted a Certificate of Recognition as Export House by Ministry of Commerce and Industry. In 2007, the Company was granted a Certificate of Recognition as Star House by Ministry of Commerce and Industry. In 2009, the Company was granted a Certificate of Recognition as Trading House by Ministry of Commerce and Industry.In 2010, the Company set up its first manufacturing facility for processing of dal and pulses at Dhulagori, in Kolkata.In 2014, the Company received a Certificate of Recognition from Spices Board to act as a merchant-exporter of spices. During the year, the Company had acquired 100% shareholding in U.E.L International FZE, a Company registered in the UAE by the Seller, Mr. Manoj Kumar Srinivas Pacheriwala pursuant to the terms of share purchase agreement (SPA) dated November 13, 2014 entered into between the Company and the Seller.In 2015, the Company was granted a Certificate of Recognition as Two Star Export House by Ministry of Commerce and Industry. The Company also received a Certificate of Membership from Food Safety & Standards Authority of India (FSSAI).In 2018, the Company received a Certificate of Registration from Coffee Board to act as merchant-exporter of coffee.In January 2019, the Company had incorporated a foreign wholly owned subsidiary, Uma Export Pte. Ltd. in Singapore.In 2020, the Company received Certificate of Registration from National Federation of Farmers Procurement Processing & Retailing Cooperatives of India Limited for supply of rice, sugar, salt, pulses, spices etc on pan India basis. The Company also received Certificate of Registration from National Cooperative Consumers Federation of India Limited to act as an importer & exporter of non-food items like agro products respectively.In 2021, since there were no infusion or remittance of funds in the Singapore WOS. Moreover, no business activities were undertaken by the Singapore WOS. The Company decided to close down the Singapore WOS, i.e. Uma Export Pte. Ltd. and its name was struck off.