CreditRiskMonitor is a financial risk analysis and news service for credit, supply chain and financial professionals.  Our strength in coverage spans 58,000 global public companies, totaling about $70 trillion in corporate revenue.  We also offer solutions that can help ease private company financial risk assessment.  Leading corporations around the world – including more than 35% of the Fortune 1000, plus thousands more worldwide – rely on us to help them stay ahead of financial risk quickly, accurately and cost-effectively. 

A partial report preview for Usher Agro Limited is shown below.  Where indicated by "Yes," CreditRiskMonitor contains this information in its extensive database.  To get access to the full report and learn more about CreditRiskMonitor's robust financial risk analysis and timely news service, request a personalized demo and free trial today.

If you are already a subscriber and want to access the full report, click here.

Usher Agro Limited
212, Laxmi Plaza, Laxmi Industrial Est
New link Road
Phone: +91 2239381133p:+91 2239381133 Mumbai, 400053  India Ticker: USHERAGROUSHERAGRO
Filed for Bankruptcy on 3/7/2019
On 2/21/2018, an Insolvency Petition was filed against Usher Agro Limited by ICICI Bank Ltd. pursuant to section 7 of the Bankruptcy and Insolvency Act, 2016 with the National Company Law Tribunal, Mumbai Bench.
On 3/21/2018, the National Company Law Tribunal initiated a Corporate Insolvency Resolution Process for Usher Agro Limited under the provisions of the Insolvency and Bankruptcy Code 2016.
On 12/17/2018, Usher Agro Limited announced the expiration of the 270 day period which the Company had to restructure under a Corporate Insolvency Resolution Process. The Resolution Professional for Usher Agro Limited filed application for the liquidation of the Company with the National Company Law Tribunal, Mumbai bench.
On 3/7/2019, the National Company Law Tribunal, Mumbai Bench, ordered Usher Agro Limited Liquidated pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016. Krishna Chamadia was appointed as the Liquidator of the Company.
This company is no longer actively traded on any major stock exchange.
Business Summary
Usher Agro Limited is operating in food processing industry. The Company is engaged in processing of non-basmati rice (including raw white rice, par-boiled rice and steam rice of different grades), basmati rice and wheat products, such as atta, maida and suji. The Company operates through two segments: Food Processing (including logistic operations) and Bio Mass Power Generation (except the captive power plant in the Company). The Company is also engaged in bio mass power generation and logistic. Its product portfolio includes raw rice, parboiled/steamed rice and brown rice. The Company has a one megawatt co-generation (Rise Husk Power plant). The Company is selling its products to wholesalers and retailers under the brand name, Rasoi Raja. It operates in locations, including Uttar Pradesh, Bihar, Rajasthan, Gujarat, Madhya Pradesh and National Capital Region (NCR). The Company has three factories at Mathura, Chhata and Buxar.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
3/31/20173/31/2017Yes----

Industries
SIC Code Description
2041 Flour and other grain mill products
2044 Rice milling
2083 Malt
5153 Grain and field beans
4911 Electric services

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Managing Director, Executive Director Vinod K.Chaturvedi 49 9/29/2003 9/29/2003
Non-Executive Independent Director Ajay P.Arora 74 9/29/2003 9/29/2003
Non-Executive Independent Director Baljinder K.Mandal 48 6/29/2013 6/29/2013

Subsidiaries
Business Name Address City State/Province Country
Usher Eco Power Limited 105, Atlanta Building Mumbai India

Business Names
Business Name
Usher Agro Limited
Usher Eco Power Limited
Usher Worldwide FZE
USHERAGRO

General Information
Number of Employees: 482 (As of 3/31/2016)
Outstanding Shares: 77,671,511 (As of 3/31/2017)
Shareholders: 11,867
Stock Exchange: NSE
Fax Number: +91 2239381123


Copyright © 2023 CreditRiskMonitor.com (Ticker: CRMZ). All rights reserved.     
By using this website, you accept the Terms of Use Agreement.
Saturday, July 22, 2023