Press Release - ACE Global enters into a strategic alliance with NCMSL for Collateral Management, Inspection and Verification services

                                                                                                 

 

 

ACE Global enters into a strategic alliance with NCMSL

For Collateral Management, Inspection and Verification services

Mumbai, January 31, 2012: ACE Global, one of the world’s major Collateral Management Institutions, entered into a strategic partnership with National Collateral Management Services Limited (NCMSL), a major agri-infrastructure player, for collateral management, inspection verification and various port related services. The objective of these services will be to provide timely services along the value chain as per globally accepted standards.

Speaking at the signing ceremony, Mr. Andre Soumah, Chairman and Managing Director ACE – Global said, “ACE - Global has had a continued focus on the developing economies, especially Food & Agribusiness supply chains of these countries. I am sure that this partnership with NCMSL will further enhance the network of ACE into the Indian market and deliver value to all our stakeholders. Given the excellent and demonstrated track record of NCMSL, this partnership will enable us to link our product offerings to the Indian market.”

Speaking on the occassion, Mr. Sanjay Kaul, Managing Director & CEO, NCMSL said, “We are confident that this arrangement will provide the Indian importers and exporters opportunities to secure globally benchmarked service quality and enable a global reach to our clients.

NCMSL is a national level institution, and has IFFCO as its key shareholder. The International Finance Corporation (IFC) and Rabo Equity are also major shareholders. Other shareholders include Canara Bank, Corporation Bank, Punjab National Bank, HDFC Bank, Karur Vysya Bank, YES BANK, NCDEX and HAFED. The Company provides risk management solutions in the areas of commodity and inventories.

About ACE

ACE – Global is a Geneva based world’s major Collateral Control institutions, and the leader in providing credit support, field audits, inspection, supervision and monitoring in 38 countries across the world. Through its world-class systems and staff, ACE is able to identify and secure the weak links in value chains – or design whole and entirely secured value chains for the account of its partners. This applies to commodities as well as an entire array of consumer goods (pharmaceuticals, vehicles etc.) in any location, providing comfort to industrial/commercial companies and banks alike.

About National Collateral Management Services Ltd (NCMSL)

The National Collateral Management Services Limited (NCMSL) is the country’s leading player in warehousing services, supply chain management solutions and testing & certification. It provides collateral risk management for lenders as well as risk management of physical deliveries for commodity exchanges. NCMSL works in partnership with 16 leading banks and in more than 200 locations across the country.

 

The company provides these services to growers, traders, processors, importers, exporters, overseas buyers & sellers, lenders, commodity exchanges, exchange traders and government agencies. NCMSL is present in 16 states and union territories across India and its warehouses manage as many as 70 agricultural commodities as well as storage services for non-agricultural commodities and inventories.

 

The company is governed by an independent and professional board. The company provides following services: storage & preservation, procurement & supply chain, collateral management, testing & certification, trade & commodity intelligence, weather intelligence and crop intelligence.

 

 

Warm regards,

 

Ujjawal Punmiya

Assistant Account Manager

 

Adfactors PR Pvt Ltd

Shalaka, Maharshi Karve Marg, Cooperage,

Mumbai 400021.

Tel: +91 22 2281 3565

Fax: +91 22 2281 3569

Mob: +91 9869232840

Email: ujjawal.punmiya@adfactorspr.com

           ujjawalpunmiyaa@gmail.com

 

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