Bank Muccudum
Muccudum fulfills the outsourcing needs of banks, by acting as custodians of goods pledged by borrowers with banks against their financing requirements. Their core responsibility is to evaluate and inform the bank about the Quality & Quantity of the goods being pledged as collateral and immediately apprise them of any situation that could be against the interests of the bank. The other roles of Muccudum include:
Supervision
Take responsibility of monitoring and supervising of goods-in-transit pledged with banks & undertake responsibility for the goods pledge under their care until they reach their intended destination.
Warehousing
Arrange privately and publicly-owned warehouses for short term and long term periods. Premises and location is carefully selected to meet the requirements of their clients at competitive rates.
Inspection Services
Provide third party inspection services to banks by team of highly trained and experienced individuals thoroughly inspects pledged commodities under the supervision of other muccadum companies and provides a detailed report to the bank. This report highlights discrepancies that exist pertinent to stacking, quantity, quality and other issues which may affect the bank.
