Uma Exports Ltd - UMA EXPORTS Share Price

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... Read More