Description
a study on logistics industry in india
A STUDY ON LOGISTICS INDUSTRY ANALYSIS IN INDIA
By Mr.T.AMULRAJ Reg.9911115007
A PROJECT REPORT Submitted to the
DEPARTMENT OF BUSINESS ADMINISTRATION
Under the Guidance of Ms. M.SELVA RANI,MBA Assistant professor/MBA
DEPARTMENT OF BUSINESS ADMINISTRATION
KALASALINGAM UNIVERSITY (KALASALINGAM ACADEMY OF RESEARCH AND EDUCATION) ANAND NAGAR, KRISHNANKOIL- 626 190 JUNE 2012
KALASALINGAM UNIVERSITY
(KALASALINGAM ACADEMY OF RESEARCH AND EDUCATION) KRISHNANAKOVIL-626190
DEPARTMENT OF MANAGEMENT STUDIES BONAFIDE CERTIFICATE This is to certify that the project was done in is “A STUDY ON LOGISTICS INDUSTRY ANALYSIS IN INDIA” a Bonafide work of mine, T.AMULRAJ (Register No: 9911115007) carried out in partial fulfillment for the award of the degree of MBA in Kalasalingam University under my guidance of Ms.M.SELVA RANI,MBA. This work is original and not submitted
earlier for the award of any degree/ diploma or association ship of any other university / institution.
SIGNATURE OF THE STUDENT
SIGNATURE OF GUIDE
SIGNATURE OF THE HEAD OF THE DEPARTMENT (With SEAL)
DECLARATION
I, Mr.T.AMULRAJ (Register No: 9911115007) hereby declare that the Research Work titled “A STUDY ON LOGISTICS INDUSTRY ANALYSIS IN INDIA” is the original work submitted to the Kalasalingam University in partial fulfillment of requirements for the award of Master of Business Administration is a record of original work done by me under the supervision of to Ms.M.SELVA RANI, Assistant professor of the Department of Business Administration, Kalasalingam University.
Date
:
SIGNATURE OF THE STUDENT
ACKNOWLEDGEMENT In a special way, I submit my whole hearted thanks to my parents for their continuous motivation and the trust on me. It is my pleasure to reveal my thanks to all my friends who offered me a great support for collecting the data from the respondents. I am extremely thankful and indebted to Dr.K.VENKATSULU VICE-
CHANCELLOR, KALASALINGAM UNIVERSITY who has given me the prestigious opportunity to do my project successfully. I am extremely thankful and indebted to Dr.M.SATHIVEL RANI MBA, PH.D. HEAD OF THE DEPARTMENT, BUSINESS ADMINISTRATION, KALASALINGAM
UNIVERSITY who has given me the prestigious opportunity to do my project successfully. I acknowledge with a sense of gratitude of sincere thanks to my Project Guide Ms.M.SELVA RANI, Assistant professor of the Department of Business Administration, Kalasalingam University who provided a great Opportunity for doing this project. Who enlightened me „What research is & how it can be performed?, His active motivation provi ded me an invaluable guidance & Encouragement towards Research that made me to perform this project. I hearty thank Mr. SETHU RAMAN “AKARA RESEARCH & TECHNOLOGY CHENNAI” for showing tremendous patience and giving full freedom in guiding me towards the successful completion of my project. In a special way, I submit my grateful thanks to my parents who provided me all the supports throughout the period of project development. I also render my deep thanks to my friends and well wishers who had been a source of encouragement throughout the period of training. Last but not least my prayers and thanks to the “almighty” without whom the work would not have materialized. I also extend my thanks to all the other faculty members for extending their helping hands to complete this project effectively. Finally, I would like to profoundly thank all the respondents who helped me in collecting the necessary information for completing this project. Mr.T.AMULRAJ
PERFACE I have really enjoyed working on this project. In the starting phase, I found this work difficult, but with ample guidance of all staff members of the AKARA RESEARCH & TECHNOLOGY CHENNAI. I was able to complete my work successfully. It is the responsibility of the Management of an organization to guide each newly joined individual to remove his anxiety in an organizational environment and help him in settling down. In this project I have covered the aspect relating to training followed by the management of an organization. Under this study I have put in my best efforts to make this project successful. While working on this project I got exposure to the training practice use by the organization.
Logistics
Logistics is the management of the flow of resources between the point of origin and the point of destination in order to meet some requirements, for example, of customers or corporations. The resources managed in logistics can Include physical items, such as food, materials, equipment, liquids, and staff, as well as abstract items, such as Information, particles, and energy. The logistics of physical items usually involves the integration of information flow, material handling, production, packaging, inventory, transportation, warehousing, and often security. The complexity of logistics can be modeled, analyzed, visualized, and optimized by dedicated simulation software. The minimization of the use of resources and time are common motives.
Origins and definition
The term logistics comes from the late 19th century: from French logistique, from loger 'to lodge' Logistics is considered to have originated in the military's need to supply itself with arms, ammunition, and rations as it moved from a base to a forward position. In the ancient Greek, Roman, and Byzantine Empires, military officers with the title Logistikas were responsible for financial and supply distribution matters. The Oxford English Dictionary defines logistics as "the branch of military science relating to procuring, maintaining and transporting material, personnel and facilities." However, the New Oxford American Dictionary defines logistics as "the detailed coordination of a complex operation involving many people, facilities, or supplies", and the Oxford Dictionary online defines it as "the detailed organization and implementation of a complex operation". Another dictionary definition is "the time-related positioning of resources." As such, logistics is commonly seen as a branch of engineering that creates "people systems" rather than "machine systems". According to the Council of Logistics Management, logistics includes the integrated planning, control, realization, and monitoring of all internal and network-wide material, part, and product flow, including the necessary information flow, in industrial and trading companies along the complete value-added chain (and product life cycle) for the purpose of conforming to customer requirements.
Logistics is the process of planning, implementing, and controlling the effective and efficient flow of goods and services from the point of origin to the point of consumption.
Main logistics targets
Logistics is one of the main functions within a company. The main targets of logistics can be divided into performance-related and cost-related targets. A few examples are high due date reliability, short delivery times, low inventory level, and high utilization of capacity. When decisions are made, there is a trade-off between targets.
Logistics viewpoints
Inbound logistics is one of the primary processes of logistics, concentrating on purchasing and arranging the inbound movement of materials, parts, and/or finished inventory from suppliers to manufacturing or assembly plants, warehouses, or retail stores. Outbound logistics is the process related to the storage and movement of the final product and the related information flows from the end of the production line to the end user.
Logistics fields
Given the services performed by logisticians, the main fields of logistics can be broken down as follows: • • • • • • • • Procurement logistics Production logistics Distribution logistics After sales logistics Disposal logistics Reverse logistics Global logistics Domestics logistics
Procurement logistics consists of activities such as market research, requirements planning,
make-or-buy decisions, supplier management, ordering, and order controlling. The targets in procurement logistics might be contradictory: maximizing efficiency by concentrating on core
competences, outsourcing while maintaining the autonomy of the company, or minimizing procurement costs while maximizing security within the supply process.
Production logistics connects procurement to distribution logistics. Its main function is to
use available production capacities to produce the products needed in distribution logistics. Production logistics activities are related to organizational concepts, layout planning, production planning, and control.
Distribution logistics has, as main tasks, the delivery of the finished products to the
customer. It consists of order processing, warehousing, and transportation. Distribution logistics is necessary because the time, place, and quantity of production differs with the time, place, and quantity of consumption.
Disposal logistics has as its main function to reduce logistics cost(s) and enhance service(s)
related to the disposal of waste produced during the operation of a business.
Reverse logistics denotes all those operations related to the reuse of products and materials.
The reverse logistics process includes the management and the sale of surpluses, as well as products being returned to vendors from buyers.
Business logistics
One definition of business logistics speaks of "having the right item in the right quantity at the right time at the right place for the right price in the right condition to the right customer". As the science of process, business logistics incorporates all industry sectors. Logistics work aims to manage the fruition of project life cycles, supply chains, and resultant efficiencies. Logistics as a business concept evolved in the 1950s due to the increasing complexity of supplying businesses with materials and shipping out products in an increasingly globalized supply chain, leading to a call for experts called "supply chain logisticians". In business, logistics may have either an internal focus (inbound logistics) or an external focus (outbound logistics),
covering the flow and storage of materials from point of origin to point of consumption (see supply-chain management). The main functions of a qualified logistician include inventory management, purchasing, transportation, warehousing, consultation, and the organizing and planning of these activities. Logisticians combine a professional knowledge of each of these functions to coordinate resources in an organization. There are two fundamentally different forms of logistics: one optimizes a steady flow of material through a network of transport links and storage nodes, while the other coordinates a sequence of resources to carry out some project.
Production logistics
The term production logistics describes logistic processes within an industry. Production logistics aims to ensure that each machine and workstation receives the right product in the right quantity and quality at the right time. The concern is not the transportation itself, but to streamline and control the flow through value-adding processes and to eliminate non–valueadding processes. Production logistics can operate in existing as well as new plants. Manufacturing in an existing plant is a constantly changing process. Machines are exchanged and new ones added, which gives the opportunity to improve the production logistics system accordingly. Production logistics provides the means to achieve customer response and capital efficiency. Production logistics becomes more important with decreasing batch sizes. In many industries (e.g., mobile phones), the short-term goal is a batch size of one, allowing even a single customer's demand to be fulfilled efficiently. Track and tracing, which is an essential part of production logistics due to product safety and reliability issues, is also gaining importance, especially in the automotive and medical industries.
Review of literature
The Indian economy has been growing at an average rate of more than 8 per cent over the last four years (Srinivas, 2006) putting enormous demands on its productive infrastructure. Whether it is the physical infrastructure of road, ports, water, power etc. or the digital infrastructure of broadband networks, telecommunication etc. or the service infrastructure of logistics – all are being stretched to perform beyond their capabilities. Interestingly, this is leading to an emergence of innovative practices to allow business and public service to operate at a higher growth rate in an environment where the support systems are getting augmented concurrently. In this paper, we present the status of the evolving logistics sector in India, innovations therein through interesting business models and the challenges that it faces in years to come.
Broadly speaking, the Indian logistics sector, as elsewhere, comprises the entire inbound and outbound segments of the manufacturing and service supply chains. Of late, the logistics infrastructure has received lot of attention both from business and industry as well as policy makers. However, the role of managing this infrastructure (or the logistics management regimen) to effectively compete has been slightly under-emphasized. Inadequate logistics infrastructure has an effect of creating bottlenecks in the growth of an economy, the logistics management regimen has the capability of overcoming the disadvantages of the infrastructure in the short run while providing cutting edge competitiveness in the long term. It is here that exist several challenges as well as opportunities for the Indian economy. There are several models that seem to be emerging based on the critical needs of the Indian economy that can stand as viable models for other global economies as well.
Chandra and Sastry (2004) have pointed towards two key areas that require attention in managing the logistics chains across the Indian business sectors – cost and reliable value add services. Logistics costs (i.e., inventory holding, transportation, warehousing, packaging, losses and related administration costs) have been estimated at 13-14 per cent of Indian GDP which is higher than the 8 per cent of USA?s and lower than the 21 per cent of China?s GDP (Sanyal, 2006a). Service reliability of the logistics industry in emerging markets, like India, has been
referred to as slow and requiring high engagement time of the customers, thereby, incurring high indirect variable costs (Dobberstein et. al, 2005). However, the Indian logistics story is one with islands of excellence though there has been a general improvement on almost all parameters. It is this aspect that we explore further in this paper. The paper is organized as follows: the next section gives a brief introduction of some of the peculiarities of the Indian logistics sector.
Research methodology
Research methodology is a way to systematically solve the research problem. The research methodology using for find out the solution of the research problem is analytical research methodology and some extend descriptive research methodology.
Data Used:
The sources of secondary data for solve the problems are:? ? ? ? ? Company Annual Report Companies websites Moneycontrol.com RBI database CII database
Period of study
The period of the study is 5 years i.e. (2008-2012). Company 5 years data has been taken for the analysis.
Tools
These are the most popular tools of industry analysis. They focus on earnings, growth, and value in the market. ? SWOT ? BCG Matrix ? Porter?s five force model ? Key financial ratios
Techniques
The techniques used in the analysis of the companies are excel sheets, graphs and tables of financial statement for example balance sheet, profit & loss accounts, dividend per share, ratio analysis, valuation ratio etc.
COMPANY ANALYSIS
Aqua Logistics
Profile Aqua Logistics established in 1999 and headquartered in Mumbai, Aqua Logistics is India?s foremost global logistics and supply chain partner, delivering excellence across industries, through an integration of empowered people, processes and technology. At Aqua Logistics, enable their client?s businesses by aligning the strategic and the operational perspectives. Aqua Logistics understands that global supply chain management involves planning, implementing and controlling a series of complex tasks performed by persons of different nationalities and cultures and with varying language capabilities. We integrate these multinational capabilities by combining years of expertise with the latest in technology. It understands that synchronization of time, people and place are crucial for supply chain optimization. To ensure this, it have been gradually building upon the foundation of varied experienced and highly skilled specialists, who focus on operating models that integrate functions of the clients? organization, their suppliers and customers across the extended supply chain. It operations, consulting, and client development teams deliver logistics, operations strategy, sourcing and procurement planning, fulfillment operations, customer service and after sales support. Integrating technology into their expertise, Aqua-Enable, software that enables collaboration between internal and external stakeholders involved in the entire supply chain, provides visibility on updated status and any gaps in terms of documentation or activities. It portfolio speaks of our experience, expertise and evolution. Aqua Logistics has incorporated supply chain consulting and outsourcing work for various verticals including Power, Pharmaceuticals, Engineering, Infrastructure, Sports, and Events, Retail, Telecom and the Consumer Durables industry.
Mission Statement ? The mission is to be the most outstanding Global Logistics and Supply Chain Partner offering integrated services through constant innovation and the relentless pursuit of excellence. ? It aims to enhance our clients' businesses by offering superior solutions while creating value that far exceeds stakeholder expectations.
Core Values It has sought to make Aqua Logistics a value-driven organization and it believe these values will continue to direct their business as well as individual growth. Their core driving values are: Integrity: Integrity towards its work, its customers and their employees is the foundation on which the organization is built. It believes that our teams have the integrity, inspiration and commitment to achieve their vision of building a perpetual organization. Respect: Respect for customers? needs by showing maximum responsiveness, respect and compassion for employees and colleagues, and above all, respect for the laws of the lands that business thrives on, are imperative for organization to continue to succeed and grow. Excellence: Excellence and continuous improvement in its operations are what will help in scaling greater heights of growth and success. These will lead to an enhanced learning experience for their employees and enhanced value-addition to its customers. Teamwork: Our leaders and partners at various levels around the world are empowered and inspire teamwork necessary for any venture to succeed. Together it can generate superior stakeholder value and generate long-term revenue, profit and growth. It believes in the application of the principles of supply chain management in their true spirit by moving away
from the old silo way of functioning to promoting cross-functional collaboration and communication. Social responsibility: It realizes their responsibility towards society and the environment that work in. It must ensure that return what we get from the society back to the society that we operate in. Aqua Logistics - Why the Name? It interprets their business of logistics to be a facilitator of Convergence and Growth, an evolution of the oldest natural source of trade and development – water. That?s why the name „Aqua?. Over time, water has channeled civilizations, agriculture, trade and markets across the globe, bringing prosperity to every region. Today, Aqua Logistics facilitates these independent markets convergence to a point of growth. They employ is expertise to enable every business. With a fluid supply chain we deliver constantly, overcome challenges of diversity across industries and markets, worldwide. In them journey of being a global Logistic Solution Provider, in turn are constantly evolving with ideas, people and cultures. It goes with the flow!
Balance Sheet of Aqua Logistics
------------------- in Rs. Cr. ------------------Particulars Sources Of Funds Total Share Capital Equity Share Capital Share Application Money Preference Share Capital Reserves Revaluation Reserves Networth 11.46 11.46 0.00 0.00 28.48 0.00 39.94 12.92 12.92 0.00 0.00 44.52 0.00 57.44 20.54 20.54 0.00 0.00 206.47 0.00 227.01 30.00 30.00 0.00 0.00 493.61 0.00 523.61 30.00 30.00 0.00 0.00 491.56 0.00 521.56 2008 2009 2010 2011 2012
Secured Loans Unsecured Loans Total Debt Total Liabilities
7.46 0.70 8.16 48.10 2008
39.73 0.06 39.79 97.23 2009
29.70 0.01 29.71 256.72 2010
39.71 30.37 70.08 593.69 2011
53.18 31.23 84.41 605.97 2012
Application Of Funds Gross Block Less: Accum. Depreciation Net Block Capital Work in Progress Investments Inventories Sundry Debtors Cash and Bank Balance Total Current Assets Loans and Advances Fixed Deposits Total CA, Loans & Advances Deffered Credit Current Liabilities Provisions Total CL & Provisions Net Current Assets Miscellaneous Expenses Total Assets Contingent Liabilities Book Value (Rs) 48.55 0.00 9.22 0.37 9.59 38.96 0.00 48.10 0.00 34.84 86.81 0.00 10.48 4.11 14.59 72.22 1.42 97.24 10.82 44.45 218.43 0.00 16.26 4.67 20.93 197.50 3.94 256.72 1.85 110.51 516.07 0.00 20.23 3.43 23.66 492.41 4.00 593.69 16.69 17.45 521.79 0.00 25.33 3.27 28.60 493.19 0.00 605.98 2.91 17.39 9.91 0.78 9.13 0.00 0.01 0.00 32.86 8.19 41.05 7.40 0.10 14.67 1.92 12.75 0.00 10.85 0.00 59.73 1.04 60.77 15.59 10.45 46.50 3.41 43.09 2.30 9.89 0.00 103.24 5.46 108.70 33.82 75.91 51.50 7.14 44.36 7.31 45.61 0.00 155.63 2.28 157.91 65.35 292.81 55.89 10.96 44.93 13.45 54.41 0.00 146.80 94.37 241.17 280.62 0.00
Financial Highlights: ? Face Value of the Equity Share of the Company was splitted from 2010 to Rs.1.00 With Respect of 4th October, 2010 ? During the year, the Company allotted 4.1Cr Global Depository Receipt (GDR) (on paripassu basis) representing 9.46 Equity Shares of Re.1/- each with each GDR representing 23 Equity Shares at US$ 15.17 per GDR on February 10, 2011 ? In order to conserve the profit of the business of the company, to meet the growing funding requirements, it has not recommended any dividend for the last 5 years. ? The Value of the Net Assets of the company has increased in past 5 years it shows that it brought many assets by way of utilizing the reserves & surplus of the company. ? It provide services, so it need not maintain any inventories ? The company spent more funds on its subsidiaries so the level of investment could be increased in past few years ? The value of Debtors collection could be decreased. Up to 5.6% has been reduced. ? The performance of the current assets shows very good financial results up to 53% increased its helps to investors can invest their fund in this company share for short term period. ? Aqua Logistics company barrows fund from external sources in the previous year Rs 65.35Cr it?s increased to 329% stood at Rs 280.62Cr in FY12. ? Face Value of the Equity Share of the Company was splitted from 2010 to Rs.1.00 due to that reason the book value of share was FY11 stood at Rs 17.45 in FY12 profit level could be turn down so the book value per share is Rs.17.39
Profit & Loss account of Aqua Logistics Particulars Income Sales Turnover Excise Duty Net Sales Other Income Stock Adjustments Total Income Expenditure Raw Materials Power & Fuel Cost Employee Cost Other Manufacturing Expenses Selling and Admin Expenses Miscellaneous Expenses Preoperative Exp Capitalised Total Expenses 0 0 7.63 84.31 3.44 0.84 0 96.22 0 0 10.58 175.49 3.79 1.19 0 191.05 0 0 10.92 272.42 4.47 1.29 0 289.1 0 0 8.33 326.79 8.71 1.29 0 345.12 0 0 6.19 282.43 0 5.95 0 294.57 108.99 0 108.99 0.42 0 109.41 213.4 0 213.4 0.65 0 214.05 322.01 0 322.01 -0.11 0 321.9 380.88 0 380.88 0.85 0 381.73 310.35 0 310.35 1.58 0 311.93 ------------------- in Rs. Cr. ------------------2008 2009 2010 2011 2012
Mar'08 Mar'09 Mar'10 Mar '11 Mar '12 Operating Profit PBDIT Interest PBDT Depreciation Other Written Off Profit Before Tax Extra-ordinary items PBT (Post Extra-ord Items) Tax 12.77 13.19 3.82 9.37 0.57 0 8.8 0 8.8 3.18 22.35 23 4.75 18.25 1.14 0 17.11 0 17.11 5.97 32.91 32.8 5.17 27.63 1.49 0 26.14 0 26.14 5.6 35.76 36.61 7.25 29.36 3.88 0 25.48 -0.48 25 2.62 15.78 17.36 11.78 5.58 3.87 0 1.71 0 1.71 0.55
Reported Net Profit Total Value Addition Preference Dividend Equity Dividend Corporate Dividend Tax Per share data (annualised) Shares in issue (lakhs) Earning Per Share (Rs) Equity Dividend (%) Book Value (Rs)
5.61 96.22 0 0 0
11.15 191.05 0 0 0
20.54 289.1 0 0 0
22.39 345.12 0 0 0
1.15 294.57 0 0 0
114.64 4.9 0 34.84
129.24 8.63 0 44.45
205.41 2,999.91 2,999.91 10 0 110.51 0.75 0 17.45 0.04 0 17.39
Financial Performance: ? ? During the year the company has registered income from operation of Rs. 331.93 Cr. as compared to Rs. 381.73Cr in the previous year. Profit before Depreciation Interest and Tax (PBDIT) has decreased from Rs 17.36Cr. For the year ended March 31, 2011 to Rs.36.61 Cr. showing the decrease of 52.6 %. During FY2012, the company has recorded PBDIT of 5.55% of the income from operation as against 9.58% during FY2011. The reduction in operation in operating margin is due to decrease in income from operation. ? ? During the year, Profit after tax (PAT) has decreased from Rs.21.24Cr. for the FY2011 to Rs.1.15Cr. in FY2012 due to decrease in income from operation. The company pays more funds for interest payment due to that reason the level of profit could be decreased over the year. Interest has increased from Rs. 4.53Cr. for the FY2011 to Rs.11.78Cr. in FY2012
Key Financial Ratios of Aqua Logistics:
2008 Investment Valuation Ratios Face Value Operating Profit Per Share (Rs) Net Operating Profit Per Share (Rs) Free Reserves Per Share (Rs) Bonus in Equity Capital Profitability Ratios Operating Profit Margin(%) Profit Before Interest And Tax Margin(%) Gross Profit Margin(%) Cash Profit Margin(%) Adjusted Cash Margin(%) Net Profit Margin(%) Adjusted Net Profit Margin(%) Return On Capital Employed(%) Return On Net Worth(%) Adjusted Return on Net Worth(%) Return on Assets Excluding Revaluations Return on Assets Including Revaluations Return on Long Term Funds(%) Liquidity And Solvency Ratios Current Ratio Quick Ratio Debt Equity Ratio Long Term Debt Equity Ratio Debt Coverage Ratios Interest Cover Total Debt to Owners Fund 6.34 0.2 5.47 0.69 6.8 0.13 4.91 0.13 1.23 0.16 5.06 5.06 0.2 0.2 5.95 5.95 0.69 0.69 -2.75 10.44 0.13 5.89 21.81 0.13 0.07 3.26 18.24 0.16 0.01 11.7 11.17 11.19 5.41 5.41 5.14 5.14 25.66 14.05 13.37 34.84 34.84 25.66 10.47 9.93 9.93 5.52 5.52 5.22 5.22 21.98 19.89 19.03 43.36 43.36 21.98 10.21 9.74 9.75 6.98 6.98 6.37 6.37 12.38 9.2 9.42 108.6 108.6 13.98 9.38 8.34 8.36 7.1 7.1 5.85 5.85 5.58 4.3 4.48 17.32 17.32 5.9 5.08 3.8 3.83 1.94 1.94 0.36 0.36 2.4 0.22 0.42 17.39 17.39 2.77 -10 11.13 95.07 24.84 10 17.29 165.12 33.36 15.47 10 16.02 156.76 98.6 9.73 1 1.19 12.7 16.31 -6.66 6.66 1 0.53 10.35 2009 2010 2011 2012
Financial Charges Coverage Ratio Financial Charges Coverage Ratio Post Tax Management Efficiency Ratios Debtors Turnover Ratio Asset Turnover Ratio Number of Days In Working Capital
3.38 2.62
4.74 3.59
6.44 5.26
5.11 4.62
1.56 1.43
4.69 18.43 128.69
4.61 19.99 121.84
3.95 7.58 220.8
2.94 8.02 465.41
2.05 0.52 572.08
Financial Performance: 1. The gross Profit Margin reflects the efficiency with which Management Produces each unit of product. This ratio indicates the average spread between the cost of goods sold and the sales revenues. A high gross profit margin shows that a sign of good management and vice. Versa in Aqua Logistics company past five year gross profit margin continuously inability to purchase raw material at favorable terms. It result in decreased from 9.38% to 5.08% in FY2012. 2. Net Profit Margin ratio establishes a relationship between net profit and sales and indicates management?s efficiency in manufacturing, administration and selling the products/service. While in this case the company performance shows that fluctuation in past five years. In FY2008 5.14% but the company effort of the could be abridged now the ratio shows that 0.36% the economic condition also one of the reasons for slope in net profit margin ratio. 3. There is no constant changes in the ROE it indicate that the relationship between the Net Profit to Net worth of the company but the company shows up-down movement in past performance like in FY2011 the ROE was 4.3% it reduced to 0.22% in FY2012. 4. Current Ratio provides a margin of safety to the creditors. In a sound business, a current ratio of 2:1 is considered an ideal one. But in this case, the current ratio explains that in the FY08 & FY09 constant relation between current assets and current liability but in the FY10 increased in sundry creditors for supplier upto Rs. 2.29 Cr. later in FY12 the level of short term borrowings would be increased it stood at 3.26:1 is an ideal one. 5. The working capital cycle level could be increased continuously over the past five years. In FY12 the Number of Days in Working Capital was 1.5yrs.
Financial Performance of Aqua Logistics Ltd
Particulars Reserves & Surplus Net Block Net Sales Net Profit Operating Profit Debt - Equtiy Ratio
2008 28.48 9.13 108.99 5.61 12.77 0.20
2009 44.52 12.75 213.4 11.15 22.35 0.69
2010 206.47 43.09 322.01 20.54 32.91 0.13
2011 493.61 44.36 380.88 22.39 35.76 0.13
2012 491.56 44.93 310.35 1.15 15.78 0.16
Table No.
1.
RESERVES & SURPLUS
Reserves & Surplus of Aqua logistics Ltd
493.61 491.56
206.47 28.48 2008 44.52 2009 2010 Reserves & Surplus… 2011 2012
Inference:
During the year, company reduction in operation so that reason the level of reserve and surplus Rs. 2.05Cr could be reduced. But past four years they retain so many reserves and surplus. In the FY2011 they retain 139% in profit. Now the company reserve increased up to 1625% in past financial five years.
2. Net block/Net Assets
Net Block (Cr)
50.00 40.00 Amt in Crs 30.00 20.00 10.00 0.00 Net Block (Cr) 2008 9.13 2009 12.75 2010 43.09 2011 44.36 2012 44.93
Inference:
In the FY2010 the company brought Plant & machinery about Rs 31Cr. So the value of asset could be increased over the years. Later the value of net block could be increased. In the Year 2012 the value of assets shows that Rs44.93Cr. the followings are explains about the the company brought asset over the FY2010 ? ? ? ? Plant & Machinery-Rs 31.2Cr Computer & Software- Rs 0.08Cr Furniture & Fixtures-Rs 0.22Cr Vehicles-Rs 0.22Cr
Therefore, the company spent their resources for buying new vehicles currently the company buy the worth of Rs4.46Cr.
3. Net Sales
Net Sales (Cr)
Net Sales (Cr) 380.88 322.01 213.4 108.99 310.35
2008
2009
2010
2011
2012
Inference: The company records the continuous improvement in the year between FY2008 to FY2011. But in the year 2012 the sales could be down up to 18.52% the level of sales stand at Rs 310.35Cr in FY12.eventhouh the sales growth for past five years is 184% 4. Net Profit
Net Profit(Cr)
Net Profit(Cr) 22.39
20.54
11.15 5.61 1.15 2008 2009 2010 2011 2012
Inference: The diagram explains about the net profit of the company could reduced due to payment of more interest and taxes
5. Operating Profit:
Operating Profit (Cr)
2008 2009 2010 2011 2012
13%
11% 19%
30% 27%
Inference: Operating profit of Aqua Logistics Ltd shows a excellent performance over the past five years. In FY2012, it was increased from 3% to 30% compare to previous FY2011
6. Debt-Equity Ratio
Debt-Equity ratio
1.80 1.60 1.40 1.20 1.00 0.80 0.60 0.40 0.20 0.00 Equity Debt
Debt-Equity ratio
2008 1 0.20
2009 1 0.69
2010 1 0.13
2011 1 0.13
2012 1 0.16
Inference:
The Debt- Equity ratio explains about the business concern is done by owner?s equity as well as outside debts. In other words, the relationship between borrowed funds and owner?s capital it used for measure the long – term solvency of a firm. Aqua logistics shows that in the FY2009 could be increased from 0.20times to 0.69 times later it reduced to 0.13 times but in the audited FY12 the company borrowings more short term loans so that reason the level could be increased over the year. Now it stands at 0.16 times.
Allcargo Logistics Ltd
Allcargo Logistics Ltd. is today a leading multinational company providing integrated logistics solutions. The organization offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments. The company currently operates out of 140own offices in 62 countries and gets supported by an even larger network of franchisee offices across the world. Allcargo Logistics Ltd. is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange and The National Stock Exchange of India. With a consolidated turnover of over Rs. 4,325 cores, Allcargo Logistics Ltd. has demonstrated superior performance and significant growth prospects in the past years, thereby attracting quality investors like The Blackstone Group, New Vernon and Acacia Partners amongst others.
Allcargo Logistics-company history
Our Company is promoted by Mr. Shashi Kiran Shetty and commenced its operations in 1993 as a shipping agency house and in addition provided freight forwarding services. Today, Allcargo Logistics Ltd., part of The Avvashya Group, is a leading multinational company providing integrated logistics solutions. The Company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as leading players in all these segments. Our Company currently operates out of 142 own offices in 62 countries and gets supported by an even larger network of franchisee offices across the world.
Allcargo Logistics -Vision
“Become a leader in the business known for pioneering solutions in logistics, worldwide”
Allcargo Logistics-Mission
? Create benchmarks of quality, consistency and commitment in the integrated logistics business worldwide ? Create better value for clients and for us through ingenuity supported by knowledge, expertise, technology and imagination ? Nurture long term relationships with all stakeholders through growth, trust and by delivering on promises ? Be a responsible corporate citizen by contributing to the society and respecting cultural sensibilities ? Inspire creativity, initiative and leadership
Milestones of Allcargo Logistics Ltd
? 2012 'Most Well Diversified Business Enterprise' - Citi Commercial Bank & Economic Times ? 2011 Started Inland Container Depot (ICD) at Dadri - JV with Concor The Parent Brand, The Avvashya Group, was formed Acquired Mumbai-based project logistics company CEO of the year with HR orientation - Asia's Best Employer Brand Awards Freight Forwarder of the Year - 2nd MALA Awards Outstanding Logistics Professional - 2nd MALA Awards LCL Consolidator of the Year - 3rd South East CEO Conclave & Awards Indian Freight Forwarder of Year - 1st Northern India Multimodal Logistics Awards ? 2010 Raised US$23.5 Million through QIP (Qualified Institutional Placement) Acquired two Hong Kong based companies engaged in Non Vessel Owning Common Carrier (NVOCC) business in China and other parts of eastern region Bought SHE Maritime, a company based in London, engaged in NVOCC business Logistics Company of the Year - Maritime and Logistics Awards Best Private CFS Operator in India - Maritime Gateway Award E&Y Entrepreneur of the Year - Services Category - E&Y Face of Logistics Industry - ELSC ? 2009 Blackstone increased stake by converting warrants Started operations as 3PL player Started Allcargo's 1st ICD in Pithampur Logistics Company of the Year - NDTV Business Leadership Awards
? 2008 Merged Equipment Hiring business (Trans India) Investment by Blackstone, reputed FII Logistics Company of the Year - Maritime Gateway Awards ? 2007 Started 2 new Container Freight Stations (CFS) - at Chennai & Mundra Logistics Company of the Year - Lloyd's List ? 2006 Acquired Hindustan Cargo - freight forwarding arm of Thomas Cook Listing on Indian stock exchanges Investment by New Vernon, a reputed FII ? 2005 Acquired Ecu Line in stages over 2 years ? 2004 Started Project Handling Business. ? 2003 Established Container Freight Station at JNPT port- largest port in India ? 2002 Awarded with "Best Consolidator" by Concor. Acquired 50% stake in ACM Lines (Pty)Ltd. ? 1995 Entered into LCL consolidation as agent of Ecu Line ? 1993 Started as Cargo handling operator at Mumbai port
Ethics & Core Values
As an Allcargo Logistics Ltd. employee, it will benefit professionally from their core values as they benefit our company and the group as a whole. ? ? ? ? ? ? ? Trust Integrity Team spirit Leadership Passion for Excellence Respect for Individual Transparency and Openness
Balance Sheet of Allcargo Logistics
Particulars Sources Of Funds Total Share Capital Equity Share Capital Share Application Money Preference Share Capital Reserves Revaluation Reserves Networth Secured Loans Unsecured Loans Total Debt Total Liabilities Particulars Application Of Funds Gross Block Less: Accum. Depreciation Net Block Capital Work in Progress Investments Inventories Sundry Debtors Cash and Bank Balance Total Current Assets Loans and Advances Fixed Deposits Total CA, Loans & Advances Deffered Credit Current Liabilities Provisions Total CL & Provisions Net Current Assets Miscellaneous Expenses Total Assets Contingent Liabilities Book Value (Rs) ------------------- in Rs. Cr. ------------------Dec '07 Dec '08 Dec '09 Dec '10 Mar '12 12 mths 12 mths 12 mths 12 mths 15 mths 20.26 20.26 3.60 0.00 361.65 0.00 385.51 24.38 0.00 24.38 409.89 Dec '07 248.62 38.54 210.08 40.52 114.06 1.47 45.63 9.20 56.30 40.90 5.50 102.70 0.00 48.94 8.62 57.56 45.14 0.09 409.89 18.52 188.54 22.36 22.36 30.98 0.00 443.53 0.00 496.87 105.28 100.97 206.25 703.12 Dec '08 377.66 62.50 315.16 59.45 115.22 1.96 71.33 29.25 102.54 198.81 3.35 304.70 0.00 83.54 7.90 91.44 213.26 0.05 703.14 15.93 208.33 24.96 24.96 1.65 0.00 765.18 0.00 791.79 109.30 0.00 109.30 901.09 Dec '09 508.97 98.72 410.25 61.75 200.34 2.71 72.86 16.79 92.36 248.15 3.56 344.07 0.00 106.83 8.50 115.33 228.74 0.00 901.08 76.84 63.31 26.10 26.10 1.23 0.00 951.68 0.00 979.01 247.25 0.00 247.25 1226.26 Dec '10 776.14 134.07 642.07 45.79 179.07 6.33 93.55 11.42 111.30 463.66 2.09 577.05 0.00 177.16 40.55 217.71 359.34 0.00 1226.27 69.61 74.92 26.11 26.11 0.87 0.00 1113.16 0.00 1140.14 495.91 62.84 558.75 1698.89 Mar '12 1194.27 213.06 981.21 47.44 380.64 11.04 129.33 6.51 146.88 410.06 0.00 556.94 0.00 246.22 21.13 267.35 289.59 0.00 1698.88 328.89 87.27
Allcargo Logistics Ltd- Financial Summery 1. Net Worth:
Particulars Networth 2008 385.51 2009 496.87 2010 791.79 2011 979.01 2012 1140.14
Networth
1200.00 1000.00 800.00 600.00 400.00 200.00 0.00 Networth
Dec '07 385.51
Dec '08 496.87
Dec '09 791.79
Dec '10 979.01
Mar '12 1140.14
Interpretation: The net worth of Allcargo Logistics has continuously increased compare to past financial years. It retains abundance of reserves and surplus. 14% to be increased its value
2. Reserve & Surplus
Particulars Reserves 2008 361.65 2009 443.53 2010 765.18 2011 951.68 2012 1113.16
Reserve
1200.00
1113.16
1000.00 800.00 600.00 400.00 200.00 0.00 2008 2009 2010 2011 2012
951.68 765.18
Reserves
361.65
443.53
Interpretation: The diagram explain about the level of reserve is increased Up to 14% the company has spent more money for acquisition of firms it shows that increase in value of share in future. Even the company has the high level of reserve and surplus in expect more return in the future.
2. Net Block
Particulars Net Block 2008 210.08 2009 315.16 2010 410.25 2011 642.07 2012 981.21
1000.00 800.00 600.00 400.00 200.00 0.00 2008 2009 2010 2011 2011 210.08 315.16 410.25 642.07
981.21
2012 2012
2008
2009
2010
Interpretation: The company is net block that is the asset of the company increased 39% due to acquired more asset over the years. In the year 2012 the company purchases heavy Equipments Rs.0.35Crs. The company also brought additional vehicles for their operation about Rs 1.17Crs They also spent funds for buying other assets like freehold land, plant Equipments, furniture& Fixtures
3. Book Value:
Particulars Book Value (Rs) 2008 188.54 2009 208.33 2010 63.31 2011 74.92 2012 87.27
Book Value (Rs)
300.00 250.00 200.00 150.00 100.00 50.00 0.00 2008 2009 2010 2011 2012 63.31 74.92 87.27 188.54 208.33 Book Value (Rs) Poly. (Book Value (Rs))
Interpretation: The company had face value of Rs 10 in 2008 & 2009. Later it reduces their face value from Rs10 to Rs2. So the book value of share is now stood at Rs 87.27 In the FY2010, the value of book value stood at Rs 63.31 it was increased past three years now the company records book value of a share is Rs87.27
Profit & Loss account of Allcargo Logistics
------------------- in Rs. Cr. ------------------Dec '07 Dec '08 Dec '09 Dec '10 Mar '12 12 mths 12 mths 12 mths 12 mths 15 mths 361.25 0 361.25 4.02 365.27 2.31 1.66 23.11 223.18 22.22 9.05 281.53 516.79 0 516.79 20.03 536.82 3.25 1.44 34.18 300.53 30.62 14.11 384.13 516.76 0 516.76 15.34 532.1 4.6 2.41 35.84 287.11 29.45 12.66 372.07 699.84 1,079.43 0 0 699.84 1,079.43 42.93 51.06 742.77 1,130.49 13.1 23.88 48.58 352.58 63.95 15.31 517.4 21.43 40.63 80.67 535.57 0 92.11 770.41
Particulars Income Sales Turnover Excise Duty Net Sales Other Income Total Income Expenditure Raw Materials Power & Fuel Cost Employee Cost Other Manufacturing Expenses Selling and Admin Expenses Miscellaneous Expenses Total Expenses Particulars Operating Profit PBDIT Interest PBDT Depreciation Other Written Off Profit Before Tax Extra-ordinary items PBT (Post Extra-ord Items) Tax Reported Net Profit Total Value Addition Equity Dividend Corporate Dividend Tax Per share data (annualised) Shares in issue (lakhs) Earnings Per Share (Rs) Equity Dividend (%)
Dec '07 Dec '08 Dec '09 Dec '10 Mar '12 12 mths 12 mths 12 mths 12 mths 15 mths 79.72 132.66 144.69 182.44 309.02 83.74 152.69 160.03 225.37 360.08 2.54 18.07 16.13 27.87 50.55 81.2 134.62 143.9 197.5 309.53 14.2 25.47 37.63 40.24 89.04 0.04 0.04 0.08 0 0 66.96 109.11 106.19 157.26 220.49 3.33 -0.01 0.23 0 0 70.29 109.1 106.42 157.26 220.49 10.52 16.42 8.44 23.74 36.42 59.78 92.67 97.81 121.13 184.07 279.22 380.89 367.46 504.32 748.98 10.76 5.59 12.48 39.44 19.58 1.83 0.95 2.12 6.43 3.18 202.56 29.51 50 223.64 1,248.11 1,305.17 1,305.47 41.44 7.84 9.28 14.1 25 50 150 75
4. Sales Turn Over
Particulars Sales Turnover
2008 361.25
2009 516.79
2010 516.76
2011 699.84
2012 1,079.43
1200 1000 800 600 400 200 0 2008 2009 2008 2009 2010 2010 2011 2011 2012
1,079.43
699.84
516.79
361.25
516.76
2012
Interpretation:
The above diagram explains about the Net sale of the company. it has increased from Rs. 516.76 Cr for the FY-2009-10 to Rs.699.84 for the FY-2010-11 indicating increase of 26% further, as per audited financial for the year 2011-12, the company achieved sale of Rs. 1079.43Cr Indicating an increase of 35%
5. Profit Before Depreciation Interest& Taxes (PBDIT)
Particulars PBDIT 2008 83.74 2009 152.69 2010 160.03 2011 225.37 2012 360.08
PBDIT
PBDIT 360.08
225.37 152.69 83.74 160.03
2008
2009
2010
2011
2012
Interpretation: The profit Before Depreciation Interest & Taxes of Allcaro logistics shows that in the year 2011 PBDIT was Rs 225.37Cr. In the FY-2012 increased by Rs.134.71Cr reach at Rs.360.08Cr the company earn good efficiency of performance in other words there is a upwards movement in the PBDIT Over the past financial years the company face the boom position due to that have various net work all over the world. The company operates its operation all over the world wide. That one of the reason they get more profit compare to its competitors.
6. Net Profit
Particulars Reported Net Profit 2008 59.78 2009 92.67 2010 97.81 2011 121.13 2012 184.07
200 180 160 140 120 100 80 60 40 20 0 Net Profit 2008 2009 2010 2011 2012
Interpretation: The net profit of the company had a very good performance over past five years. The company achieved Rs.184.07Cr Net Profit in FY-12
7. Earnings per share (Rs)
Earning Per Share (Rs)
Earning Per Share (Rs) 41.44 29.51
14.1 7.84 2008 2009 2010 9.28
2011
2012
Interpretation:
The above diagram explain about the EPS of Allcargo Logistics Ltd .The company had face value of Rs 10 in 2008 & 2009. Later it reduces their face value from Rs10 to Rs2. So that reason in FY12 stood at Rs14.1
Aegis Logistics Ltd History
Aegis Logistics Ltd. Year event 1956 - The Company was incorporated on 30th June, as a private limited company under the name and style of Atul Drug House, Ltd. In 1960, it was a deemed public limited company under Section 43A of the Companies Act, 1956. The Company's object is to manufacture formaldehyde, hexamine, Pentaerythritol, fatty alcohols and polyacetal resins. Aegis Logistics Ltd is a leader in Oil, Gas and Chemical Logistics. The company is engaged in providing logistic solutions for Oil, Gas, Chemicals and Petrochemical Industries. With their strategic locations and indispensable services, Aegis is a key supplier for total supply chain management services to major customers including Oil PSUs. The company presently has three operating port terminals, two in Mumbai and one in Kochi, as well as two state of the art gas terminals at Mumbai & Pipavav through which they handle annually over 2 million MT of Oil, Gas and Petroleum products as well as around 400,000 MT of LPG and Propane gas, the company installed their first plant for the manufacture of formaldehyde and hexamine at Kandla. In the year 1967, they installed another plant at Capi near Bulsar in Gujarat State for the manufacture of 14,400 tonnes of formaldehyde and 540 tonnes of hexamine per annum. In the year 1970, the company installed at Vapi a plant for the manufacture of Pentaerythritol formaldehyde with a capacity of 1,200 tonnes per annum with the technical know-how supplied by Joset Meissner of W.Germany. In September 14, 1976, the name of the company was changed to Atul Chemical Industries Ltd. Also, they became a public limited company. The name of the company was again changed from Atul Chemical Industries Ltd to Aegis Logistics Ltd. In the year 1999, the Petrochemicals Division was hived off to Perstorp Aegis Chemicals Ltd, (PACL) a joint venture company between the company and Perstorp AB, Netherlands. During the year 2007-08, as per the scheme of arrangement (SoA), Throughput Activity Undertaking of Hindustan Aegis LPG Ltd was de-merged and transferred to the company with effect from the appointed date, April 01, 2007.
During the year 2008-09, Tapi Finvest India Pvt Ltd was amalgamated with the company. During the year 2009-10, the company entered into a strategic alliance with Essar Oil Ltd which entails a reciprocal arrangement wherein both the companies would sell each other fuels through their retail outlets. In April 1, 2010, the company acquired 100% shareholding in Shell Gas (LPG) India Pvt Ltd. Consequently, SGLIPL became wholly owned subsidiary with effect from April 1, 2010. Also, the name of SCLIPL was changed to Aegis Gas (LPG) Pvt Ltd (AGPL). During the year 2010-11, the company was awarded the Operations & Maintenance (O&M) contract for the product storage and dispatch operations of Bharat Oman Refinery Ltd (BORL) at Bina in Madhya Pradesh signifying the Aegis expertise of the company in Liquid Logistic and Operations & Maintenance. Also, Aegis Gas (LPG) Pvt Ltd (AGPL), the wholly owned subsidiary of the company acquired 100% equity shares of Hindustan Aegis LPG Ltd (HAL PG), from its erstwhile shareholders. Consequently, HAL PG ceased to be an associate and became a wholly owned subsidiary of AGPL. In November 2010, the company entered into a major deal with APM Terminals Pipavav to avail on sub-lease close to 100 acres of land for building a global oil and petrochemicals storage complex. The company will invest up to Rs 400 crore ($90m) in building a 600,000 KL oil terminal complex in Port Pipavav. With the announcement of this project, the company's liquids capacity will rise from 300,000 KL to over 1 million KL. The company's strategy of building a 'necklace' of port terminals around India's coastline from Pipavav to Haldia to Kochi, inland oil terminals to service the national oil companies and developing a retail distribution network for the LPG business is proceeding at a steady pace.
Company vision statement “To provide total supply chain management for oil, gas and chemicals” Values ? They provide the most flexible, responsive and best quality service to their customer. ? They strive for the highest standards of integrity, hard work, professionalism and discipline. ? They strive to make a sustainable contribution to the welfare and need of the community and the society at large. ? They shall Endeavour to maximize value for their shareholders.
Balance Sheet of Aegis Logistics
Particulars Sources Of Funds Total Share Capital Equity Share Capital Share Application Money Preference Share Capital Reserves Networth Secured Loans Unsecured Loans Total Debt Total Liabilities 19.91 19.91 0.00 0.00 137.64 157.55 34.81 4.55 39.36 196.91 2008 Application Of Funds Gross Block Less: Accum. Depreciation Net Block Capital Work in Progress Investments Inventories Sundry Debtors Cash and Bank Balance Total Current Assets Loans and Advances Fixed Deposits Total CA, Loans & Advances Deffered Credit 205.02 79.62 125.40 0.99 21.23 11.63 38.76 2.68 53.07 51.30 19.72 124.09 0.00 208.99 88.79 120.20 6.57 53.59 4.95 21.63 3.34 29.92 46.17 28.44 104.53 0.00 220.44 98.12 122.32 12.84 42.42 9.34 20.51 11.27 41.12 89.78 16.65 147.55 0.00 240.83 108.63 132.20 1.15 94.53 8.79 20.76 12.95 42.50 64.04 57.36 163.90 0.00 245.83 118.16 127.67 15.69 120.27 8.23 31.41 10.76 50.40 81.14 62.99 194.53 0.00 16.44 16.44 3.35 0.00 154.91 174.70 25.21 4.73 29.94 204.64 2009 18.77 18.77 0.00 0.00 167.47 186.24 69.00 7.38 76.38 262.62 2010 33.40 33.40 0.00 0.00 230.93 264.33 57.23 6.62 63.85 328.18 2011 33.40 33.40 0.00 0.00 264.23 297.63 77.64 1.70 79.34 376.97 2012 ------------------- in Rs. Cr. ------------------2008 2009 2010 2011 2012
Current Liabilities Provisions Total CL & Provisions Net Current Assets Miscellaneous Expenses Total Assets
68.85 5.96 74.81 49.28 0.00 196.90
68.57 11.67 80.24 24.29 0.00 204.65
54.21 8.30 62.51 85.04 0.00 262.62
53.94 9.65 63.59 100.31 0.00 328.19
68.21 12.99 81.20 113.33 0.00 376.96
Financial highlights ? In the FY2009, the company had buy back total of 10,20,473 equity shares at price not exceeding Rs.143 per share through open market transactions for an aggregate amount of Rs. 3.47Cr consequently the issue and paid up equity shares capital of the company stands reduced to Rs. 16.44Cr. ? In the FY2010, the company had issued and allotted 12506710 equity shares at Rs.10 per share as bonus share in the proportions of two share for every existing 3 fully paid up shares so that reasons the company shares value stood at Rs.33.40 till current financial year 2012. ? The reserves and surplus of the company shows that a excellent performance over the past five years. In the FY2011 shows that abnormal growth up to 37.89% increased, in FY2012 the reserves and surplus could be stood at 14% in past five years the company shows 91% they retain their earnings for future expansions. ? The company spent their resources for buying more plant & equipments in FY12 spent up to Rs.464Crs and vehicles brought about 45.43Crs. but also intangible assets like computer software it acquires up to Rs. 81Crs. From this point of view, the company adopts new technologies ? Aegis logistics ltd?s investment parameters shows that there is a up down movements in FY2011 Rs 94.53Cr its was increased from 122% in the previous year. But in FY2012, the level could be increased up to 27% about Rs27.23Crs ? The level of sundry debtors value could be increased over the past five years in FY12 is shows that Rs.31.41Crs
?
Aegis company adopts just in time inventory concept in which they would not focus on inventories because all material in movements. So the inventory level continuously decreased
?
Aegis Company they deposit level could be increased over the past performance in this way the firm deposit their amount in banks for increase the current ratio position in the markets.
? ?
The firm lends loans and advances to their subsidiaries and other government deposit in FY12 they provide Rs.81.14Crs. The company short term borrowings could be increased still it stood at Rs.12.99Crs
Profit & Loss account of Aegis Logistics
Particulars Income Sales Turnover Excise Duty Net Sales Other Income Stock Adjustments Total Income Expenditure Raw Materials Power & Fuel Cost Employee Cost Other Manufacturing Expenses Selling and Admin Expenses Miscellaneous Expenses Preoperative Exp Capitalised Total Expenses Operating Profit PBDIT Interest PBDT Depreciation Other Written Off Profit Before Tax Extra-ordinary items PBT (Post Extra-ord Items) ------------------- in Rs. Cr. ------------------2008 2009 2010 2011 2012 373.88 0 373.88 1.92 0 375.8 268.96 4.27 13.55 5.75 18.34 1.74 0 312.61 2008 61.27 63.19 4.12 59.07 8.96 0 50.11 0.37 50.48 368.33 0 368.33 5.14 -6.66 366.81 270.22 4.52 16.72 6.7 14.72 1.7 0 314.58 2009 47.09 52.23 6.18 46.05 9.17 0 36.88 -0.24 36.64 284.67 0 284.67 8.8 4.9 298.37 175.69 4.05 21.14 9.89 18.42 2.04 0 231.23 2010 58.34 67.14 8.04 59.1 9.67 0 49.43 0.06 49.49 258.14 0 258.14 7.92 -2.6 263.46 144.47 5.03 22.38 5.81 18.06 2.47 0 198.22 2011 57.32 65.24 10.15 55.09 10.74 0 44.35 0.82 45.17 283.5 0 283.5 7.83 -0.29 291.04 160.06 5.41 25.58 6.44 18.53 4.83 0 220.85 2012 62.36 70.19 10.31 59.88 11.36 0.57 47.95 10.07 58.02
Tax Reported Net Profit Total Value Addition Preference Dividend Equity Dividend Corporate Dividend Tax Per share data (annualised) Shares in issue (lakhs) Earning Per Share (Rs) Equity Dividend (%) Book Value (Rs)
11.38 39.09 43.66 0 8.96 1.52 199.41 19.61 25 79.01
6.27 30.37 44.37 0 9.3 1.76 164.77 18.43 45 103.99
10.53 38.94 55.55 0 10.81 1.84 188.03 20.71 57.5 99.05
13.96 31.22 53.75 0 12.94 2.12 334 9.35 40 79.14
16.95 41.06 60.79 0 6.68 1.08 334 12.29 20 89.11
Financial highlights ? ? ? ? The company had a poor performance on net sales over the past four years. In FY12 that records slight growth in sales. Due to low production that one reason for reduction in decline in sales in past four years. During the year the company has registered income from operation of Rs. 62.36Crs.as compared to Rs. 57.32Crs. in FY2011. Profit before Depreciation Interest and Tax (PBDIT) has increased from Rs 4.95Cr. For the year ended March 31, 2011 to Rs.65.24 Cr. showing the increase of 7.5%. During FY2012, the company has recorded PBDIT of 7.5% of the income from operation as against 2% during FY2011. ? In the year 2008, the company performs Rs39.09Cr level of net profit in FY09 it was decreased of Rs. 8Crs then stood at Rs.30.37Crs. in the FY10 the level of profit could be increased 28%. Finally in the FY12 the company records the Rs41.06Crs. It was increased from 31% in the past FY11. ? ? The book value of the company shows that there is a fluctuation in over past financial years. Now it stand at Rs 89.00 EPS calculation made over the years indicate whether or not the firm?s earnings on per share basis has changed over the period under this case the company EPS shows that some variation over the past five financial years. In FY12, Aegis company EPS stood at Rs. 12.29 the face value is Rs 10 only
Key Financial Ratios of Aegis Logistics
Particulars Investment Valuation Ratios Face Value Dividend Per Share Operating Profit Per Share (Rs) Net Operating Profit Per Share (Rs) Free Reserves Per Share (Rs) Bonus in Equity Capital Profitability Ratios Operating Profit Margin(%) Profit Before Interest And Tax Margin(%) Gross Profit Margin(%) Cash Profit Margin(%) Adjusted Cash Margin(%) Net Profit Margin(%) Adjusted Net Profit Margin(%) Return On Capital Employed(%) Return On Net Worth(%) Adjusted Return on Net Worth(%) Return on Assets Excluding Revaluations Return on Assets Including Revaluations Return on Long Term Funds(%) Liquidity And Solvency Ratios Current Ratio Quick Ratio Debt Equity Ratio Long Term Debt Equity Ratio Debt Coverage Ratios Interest Cover Total Debt to Owners Fund Financial Charges Coverage Ratio Financial Charges Coverage Ratio Post Tax Management Efficiency Ratios Inventory Turnover Ratio Debtors Turnover Ratio Investments Turnover Ratio Fixed Assets Turnover Ratio Total Assets Turnover Ratio Asset Turnover Ratio Average Finished Goods Held Number of Days In Working Capital Profit & Loss Account Ratios 2008 10 2.5 30.72 187.5 65.21 4.11 16.38 13.9 13.98 12.76 12.76 10.39 10.39 27.7 24.81 24.78 79.01 79.01 27.7 1.66 1.5 0.25 0.25 30.99 0.25 15.41 12.66 41.06 11.76 41.06 1.83 1.9 1.83 10.25 47.46 2009 10 4.5 28.57 223.53 91.5 4.98 12.78 10.1 10.29 11.09 11.09 8.09 8.09 21.94 17.72 18.95 103.99 103.99 22.31 1.3 1.22 0.17 0.17 9.35 0.17 8.76 7.4 150.53 12.2 150.53 1.77 1.8 1.83 2.66 23.73 2010 10 5.75 31.02 151.4 85.36 4.36 20.49 16.73 17.09 15.79 15.79 13.38 13.38 20.88 20.9 19.47 99.05 99.05 22.14 1.59 2.18 0.41 0.33 13.04 0.41 8.02 7.05 38.76 13.51 38.76 1.29 1.09 1.22 10.91 107.55 2011 10 4 17.16 77.29 67.09 39.89 22.2 17.51 18.04 15.43 15.43 11.73 11.73 16.58 11.8 11.47 79.14 79.14 17.29 1.81 2.41 0.24 0.19 8.6 0.24 6.42 5.13 54.37 12.51 54.37 1.09 0.8 0.87 7.88 139.88 2012 10 2 18.67 84.88 76.31 39.89 21.99 17.34 17.99 15.5 15.5 13.96 13.96 16.15 13.79 11.3 89.11 89.11 18.06 1.21 2.28 0.27 0.13 8.41 0.27 7.07 6.14 63.59 10.87 63.59 1.17 0.76 0.8 6.74 143.92
Material Cost Composition Selling Distribution Cost Composition Expenses as Composition of Total Sales Cash Flow Indicator Ratios Dividend Payout Ratio Net Profit Dividend Payout Ratio Cash Profit Earning Retention Ratio Cash Earning Retention Ratio AdjustedCash Flow Times
71.93 1.67 0.3 26.81 21.81 73.16 78.17 0.82
73.36 1.39 0.28 36.41 27.96 65.95 73.45 0.72
61.71 1.8 0.31 32.46 26 65.15 72.49 1.66
55.96 1.88 0.6 48.24 35.89 50.36 63.34 1.55
56.45 1.9 0.46 18.9 14.65 76.93 82.97 1.74
Ratios analysis highlights:
? The gross profit ratio reflects the efficiency with which management produce each unit of product. This is explaining about the relative to sales after the deduction of production costs, and indicates the relation between production costs, and selling price. Under this case aegis record over the past financial years it shows good results it increase to 22% in FY12 ? Net profit margin ratio means a relationship between net profit and sales and indicates management?s efficiency in manufacturing, administering and selling products. In aegis company?s net profit margin indicate that some variations in past five years. In FY12 it stands at 13.96% it was increased from pervious financial years 11.73%. ? ? The current ratio of aegis?s company shows that there is constant position over the years. Number of days in working capital in the FY12 is increased because of the lot of completion in the markets. So the working capital cycle now in 144 days.
Company Financial Analysis 1. Reserves and surplus:
Particulars Reserves (In Cr) 2008 137.64 2009 154.91 2010 167.47 2011 230.93 2012 264.23
Table No.
Aegis's reserves
300.00 250.00 200.00 150.00 100.00 50.00 0.00 Reserves 2008 137.64 2009 154.91 2010 167.47 2011 230.93 2012 264.23
Interpretation
The above diagram explains about the reserves and surplus of Aegis logistics Ltd have Rs 137.64 Cr in the FY08 it was increased by 17.15Cr in the FY09. In FY12 the company records the 12.60% growth than the value of the reserves is Rs 264.23 Cr. Over the years the company have retain more sources so that reasons the investor can make invest in this company strongly because the company growth in upcoming years should be increase due to the Indian government give more importance for exports & imports. The company also utilize the fund for further expansion their business over the world wide from which they attain competitive position in the field.
2. Net worth
Particulars Networth (In Crs) 2008 157.55 2009 174.70 2010 186.24 2011 264.33 2012 297.63
Table No.
300.00 250.00 200.00 In Crs 150.00 100.00 50.00 0.00 Networth 2008 157.55
Networth
2009 174.70
2010 186.24
2011 264.33
2012 297.63
Interpretation
The above diagram explain about the net worth of aegis company in which the company perform over the years shows good results . Net worth includes share capital and reserve of the company. The company has good net worth in over the years. In the year 2010 the value of net worth was Rs 186.24Cr high in FY2011 up to Rs. 264.33Cr with 42% 12.6% could be increased from in the year 2011 it stood at Rs 297.63Cr It is clear that investors can invest their fund in this company so that way it will grow in future.
3. Net sales
Particulars Net Sales 2008 373.88 2009 368.33 2010 284.67 2011 258.14 2012 283.5
Table No.
Net Sales
2012 2011 2010 2009 2008 0 Net Sales 50 2008 373.88 100 150 200 2010 284.67 250 300 2011 258.14 350 2012 283.5 400
2009 368.33
Interpretation The above diagram explains about the net sales of the Aegis Company in
FY2008 it was records Rs. 373.88Crs. but in the FY2009 it comes down to Rs 368.33Crs. In the financial year 2010 the net sales was again reduced 83%. Later the company record good results in the FY12 is Rs 283.5 Cr in previous year was Rs 258.14cr Meanwhile the company have face lot of challenges because of change in govt policies in supply chain and the company target only gas and oil so that reason the sales could be variation over the past financial fiscals
4. Profit analysis
Particulars PBDIT PBDT Profit Before Tax Net Profit 2008 63.19 59.07 50.11 39.09 2009 52.23 46.05 36.88 30.37 2010 67.14 59.1 49.43 38.94 2011 65.24 55.09 44.35 31.22 2012 70.19 59.88 47.95 41.06
Table No.
80 60 40 20 0 PBDIT PBDT Profit Before Tax Net Profit
profit
2008 63.19 59.07 50.11 39.09
2009 52.23 46.05 36.88 30.37
2010 67.14 59.1 49.43 38.94
2011 65.24 55.09 44.35 31.22
2012 70.19 59.88 47.95 41.06
Interpretation
the above diagram explains about the profit of the Aegis company Ltd in the PBDIT, PBDT, PBT, Net Profit indicates some variation in the last five years. It explain about the poor efficiency of the firm because the company does not adopt constant strategy. As a researcher point of view, the company should be clearly defined its path in order to achieve the better performance.
5. Earning per Share (Rs)
Particulars Earning Per Share (Rs)
2008 19.61
2009 18.43
2010 20.71
2011 9.35
2012 12.29
Table No.
Earning Per Share (Rs)
25 20 15 12.29 10 5 0 2008 2009 2010 2011 2012 9.35 19.61 20.71 18.43 Earning Per Share (Rs)
Interpretation
The above diagram explains about the EPS of the Aegis Logistics Ltd in year 2008 it have Rs 19.61 it plunged to 20.71 in FY2010. Due to variation in the sales of the company that reflect in the EPS of the company So the upcoming years the company has to plan for expands their business over the nation so value of the company will be increased in future
6. Book value (In Rs)
Particulars Book Value (Rs) 2008 79.01 2009 103.99 Table No. 2010 99.05 2011 79.14 2012 89.11
Book Value (Rs)
2008 2009 2010 2011 2012
103.99 79.01
99.05 79.14
89.11
2008
2009
2010
2011
2012
Interpretation
The book value of the company share in FY12 stood at Rs. 89.11. but in FY2009 the company had Rs 104 because of they have more reserves later it utilize its fund for expand their operation. Arshiya International Ltd Arshiya International Ltd is a fast emerging end-to-end service and solution provider in logistics and supply chain management. The company is an amalgamation of several strategic verticals such as Free Trade Warehousing Zones, Rail, 3PL, 4PL, Trucking, Warehousing & IT enabling unparalleled operational expertise & solution capability across the entire supply chain spectrum. Arshiya is rapidly expanding their business capabilities through continuous internal development and aggressive acquisitions in complimentary space. Their headquarter is at Mumbai with offices spanning across India, Singapore, Australia, Dubai, Qatar, Oman and USA.
Arshiya International Ltd was incorporated in the year 1981 as IID Forgings Ltd. In the year 2006, the company name was changed into Arshhiya Technologies International Ltd and the name was further changed into Arshiya International Ltd with effect from September 28, 2007. In April 2006, the company acquired 100% of the share in two companies namely Cyberlog Technologies Pte Ltd, Singapore, a company engaged in the business of development and marketing of software products and Park Investments Ltd, Hongkong, a company engaged in the business of supply chain logistics. In January 2006, BDP (India) Pvt Ltd was amalgamated with the company. In october 2006, the company had a joint venture agreement with the BDP International Inc USA and Genco I Inc USA for foray into retail distribution activities. During the year 2007-08, the company incorporated Arshiya Logistics Infrastructure Ltd, Arshiya Western Logistic Infrastructure Ltd, Arshiya Distripark Ltd and Flat World Processes Ltd. Thus, they became the subsidiary of the company. The company is in the process of setting up a Free Trade Warehousing Zone, a special category SEZ at Sai Village in Raigad, Maharashtra with a project outlay of Rs 1200 crores. The company has made substantial acquistion of land for the Free Trade Warehousing Zone proposed at Uttar Pradesh and Nagpur at an estimated cost of Rs 1100 crore and Rs 900 crore respectively. The company incorporated a subsidiary namely Arshiya Rail Infrastructure Ltd for containerised rail operations services to the customer for both domestic and exim cargo movement across the the country. The company estimated the project outlay of Rs 1600 crore for the acquisition of 75 Rakes, break vans, building of rail siding and other necessary infrastructure across the country
FINANCIAL PERFORMANCE OF ARSHIYA INTERNATIONL
Balance Sheet of Arshiya International
Particulars Sources Of Funds Total Share Capital Equity Share Capital Share Application Money Reserves Networth Secured Loans Total Debt Total Liabilities Particulars Application Of Funds Gross Block Less: Accum. Depreciation Net Block Capital Work in Progress Inventories Sundry Debtors Cash and Bank Balance Total Current Assets Loans and Advances Fixed Deposits Total CA, Loans & Advances Current Liabilities Provisions Total CL & Provisions Net Current Assets Total Assets
------------------- in Rs. Cr. ------------------2008 2009 2010 2011 2012
11.4 11.4 2.34 445.23 458.97 0.33 0.33 459.3 2008
11.75 11.75 2.99 475.36 490.1 78.99 78.99 569.09 2009
11.75 11.75 1.18 483.91 496.84 306.41 359.41 856.25 2010
11.77 11.77 0.5 502.62 514.89 655.65 679.65 1,194.54 2011
11.77 11.77 0 540.81 552.58 1,006.53 1,139.03 1,691.61 2012
4.89 1.48 3.41 194.02 0 33.81 26.89 60.7 22.25 54.28 137.23 15.55 5.68 21.23 116 459.32
12.65 3 9.65 344.63 0 57.45 22.01 79.46 77.64 5.96 163.06 53.33 7.6 60.93 102.13 569.09
23.37 5.78 17.59 605.81 0 91.45 33.33 124.78 193.82 9.98 328.58 201.07 8.48 209.55 119.03 856.26
343.18 12.32 330.86 490.13 0 95.12 55.97 151.09 348.62 13.52 513.23 269.2 9.97 279.17 234.06 1,194.54
626.77 24.42 602.35 525.21 0 121.13 25.82 146.95 645.52 0 792.47 379.29 13 392.29 400.18 1,691.61
Financial highlights ? In the FY2011 the company increases their capital by way of issued as bonus share to its share holders. ? The reserve of the company shows that continuously increased over the past five years. In the FY12 company retains their funds to 7.06% in the previous year Rs 502.62Crs. so its value of the company could be increase in upcoming years hence an investor can invest their money in this company strongly ? The net worth of the company also increased due to wide area of operation could be carried over the world wide. Now the company has worth of Rs553Crs. ? During the year the company borrows short term funds from banks for the purpose of increase their working capital position of the firm. In FY12 company borrows Rs.1006Crs. against of FY11 Rs 655.65Crs ? In the FY2011 company brought freehold land, vehicles, plant and equipments with worth of Rs 330Crs. It is increased to Rs602 Cr in the financial years. From this denotes that the company have good value in market ? The company does not maintain any inventories over the last financial years ? The level of sundry debtors could be increased over the years in the FY12 records Rs 121 Cr in the previous year Rs 95Crs ? The company also lends loan and advances for its subsidiaries for the purpose of expand its operations ? The net current asset of the company increase over the past financial years currently the company hold the worth of the Rs 400Cr
Profit & Loss account of Arshiya International
------------------- in Rs. Cr. ------------------Particulars
2008 Income Sales Turnover Excise Duty Net Sales Other Income Stock Adjustments Total Income Expenditure Employee Cost Other Manufacturing Expenses Selling and Admin Expenses Miscellaneous Expenses Preoperative Exp Capitalised Total Expenses 5.84 173.35 6.24 2.45 0 187.88 2008 Operating Profit PBDIT Interest PBDT Depreciation Other Written Off Profit Before Tax Extra-ordinary items PBT (Post Extra-ord Items) Tax Reported Net Profit 14.03 19.38 0.72 18.66 0.64 0 18.02 -0.19 17.83 5.46 12.36 201.91 0 201.91 5.35 0 207.26
2009
2010
2011
2012
256.39 0 256.39 9.82 0 266.21
273.61 0 273.61 6.42 0 280.03
453.01 0 453.01 21.74 0 474.75
592.63 0 592.63 37.38 0 630.01
7.85 214.83 8.59 4.42 0 235.69 2009 20.7 30.52 0.82 29.7 1.56 0 28.14 0.14 28.28 9.79 18.49
15.79 222.91 9.14 3.61 0 251.45 2010 22.16 28.58 4.52 24.06 1.8 0 22.26 0.84 23.1 7.71 15.4
24.26 348.7 20.19 6.73 0 399.88 2011 53.13 74.87 31.56 43.31 6.96 0 36.35 0.1 36.45 11.52 24.93
36.63 386.8 0 40.55 0 463.98 2012 128.65 166.03 80.41 85.62 16.43 0 69.19 0 69.19 21.68 47.51
Total Value Addition Equity Dividend Corporate Dividend Tax Per share data (annualised) Shares in issue (lakhs) Earning Per Share (Rs) Equity Dividend (%) Book Value (Rs) ?
187.88 4.56 0.78
235.69 4.7 0.8
251.45 5.88 0.98
399.88 7.06 1.15
463.98 8.24 1.34
570.04 2.17 40 80.11
587.53 3.15 40 82.91
587.53 2.62 50 84.36
588.29 4.24 60 87.44
588.29 8.08 70 93.93
The company records a best sales performance over the past financial years. in the FY2008 the sales level was Rs201.Crs on the other hand the level of sales could be increased up to 21% it reach at Rs. 256Crs in the FY2009. Even though the company have good sales in the FY2012 it records Rs592Crs due to expand their business over the years.
? ?
The net income of the company also increased over the past financial years in the FY12 the current net income is stood at Rs630Crs In this accounting period the company borrows more funds from outsider it results in payment of the more interest to creditors. In the financial years the company pay Rs 80Crs but in the previous year Rs 31Crs
?
The above balance sheet explains about the tax could be paid by the company is high compare to previous years. In the FY12 the company pay Rs. 21 Cr. as tax to Indian govt
?
The Earning Per Share of the company increases over the financial years in year 2010 EPS was Rs2.64 but the next financial year 2011 the EPS could be increased to Rs 4.42 finally the value of EPS in the FY12 reach at Rs 8.08 because of the the company has more retains their earnings
?
In the year 2012 the company declares the 70% as dividend for the equity shareholders. But in FY08 they declared 40% only the face value of Rs 2 per share.
?
The book value of the share shows that continuous improvement over the years now the company?s book value is Rs 93 the original value of share?s face value is Rs 2 only
?
During the year under report / review, seven step down subsidiaries of the Company, viz. Arshiya Southern Domestic Distripark Ltd., Arshiya Eastern Domestic Distripark Ltd., Arshiya Western Domestic Distripark Ltd., Arshiya Central Domestic Distripark Ltd., Arshiya Exim Trading Ltd., Arshiya Eastern FTWZ Ltd., Arshiya Western FTWZ Ltd. have ceased to be step down subsidiaries of this Company.Further, another step-down subsidiary of your Company, Cyberlog Technologies Inc., USA has been dissolved
Particulars
2008 445.23 6.63 19.38 18.66 18.02 12.36 0 2.17
2009 475.36 7.46 30.52 29.7 28.14 18.49 0.16 3.15
2010 483.91 7.44 28.58 24.06 22.26 15.4 0.73 2.62
2011 502.62 10.19 74.87 43.31 36.35 24.93 1.32 4.24
2012 540.81 84.2 166.03 85.62 69.19 47.51 2.06 8.08
Reserves (Crs) Gross Profit Margin(%) PBDIT PBDT Profit Before Tax Net Profit Debt Equity Ratio Earnings Per Share
1. Reserves & Surplus
Reserves (Crs)
2008 2009 2010 2011 2012 540.81
445.23
475.36
483.91
502.62
2008
2009
2010
2011
2012
Inference
The above diagram explains about the reserve of the company it registered a constant performance over the financial years. In year 2010 the company allocate Rs 483.91 Cr it was grow to next Rs 502 Cr. Finally the company records Rs 541Cr of reserve and surplus they have it.
2. Gross Profit Margin
Gross Profit Margin(%)
90 80 70 60 50 40 30 20 10 0 2008 2009 2010 2011 2012 Gross Profit Margin(%)
Inference
The above graph explain about the Gross Profit margin of the company performance under which the company grow enormous growth in the FY12 It stands at 84% Due to increase in sales is one of the reason the company attain this position It indicate the good management efficiency of the company
3. Profit analysis
Chart Title
180 160 140 120 100 80 60 40 20 0 PBDIT PBDT Profit Before Tax Net Profit
2008 19.38 18.66 18.02 12.36
2009 30.52 29.7 28.14 18.49
2010 28.58 24.06 22.26 15.4
2011 74.87 43.31 36.35 24.93
2012 166.03 85.62 69.19 47.51
Inference
PBDIT of the company records excellent performance over the past five years, but the company brought more assets so that reason the depreciation could be paid high and also the company borrow more fund from bank it results in payment of more interest to that loans this is one of the reason the level of net profit could be come down. Even though company record good profit position over the past financial year
The reported net profit level now stood at Rs 47.51Crs it was increased from previous years.
4. Debt – Equity Ratio
Debt Equity Ratio
2.5 2 1.5 1 0.5 0 Debt Equity Ratio --
2009 0.16
2010 0.73
2011 1.32
2012 2.06
Interpretation
The above graph explains about the Debt- Equity ratio in the company from which the level of debt portion increased over the years. In the FY10 company borrow funds from external sources for expand their operation but in FY12 company borrows fund more than its capacity it indicate the ratio for 2012 is 1:2.06
5. Earning Per Share
Earnings Per Share
Earnings Per Share 8.08
4.24 3.15 2.17 2.62
2008
2009
2010
2011
2012
Interpretation
The above diagram explain about the EPS of the firm the company records continuous improvement in over the years. The current EPS have Rs 8.08 in FY12
Container Corporation of India Limited (CONCOR) Company profile
Container Corporation of India Limited (CONCOR) was set up in March of the year 1988 and commenced operation from November of the year 1989 taking over the existing network of 7 Inland Container Depots (ICDs) from the Indian Railways to profitably satisfy the customer's needs for high- quality, cost-effective logistics services. From its humble beginning, it is now an undisputed market leader having the largest network of 57 ICDs/CFSs in India offering scheduled and on demand rapid rail and road services between the hinderland and ports, and between major metros. In addition to providing inland transport by rail for containers, it has also expanded to cover management of Ports, air cargo complexes and establishing cold-chain. It has and will continue to play the role of promoting containerization of India by virtue of its modern rail wagon fleet, customer friendly commercial practices and extensively used Information Technology. The company developed multimodal logistics support for India's International and Domestic containerization and trade. CONCOR's core business is characterised by three distinct activities, that of a carrier, a terminal operator, and a warehouse operator. CONCOR had been certified to ISO/IEC 27001: 2005 standard for establishing and maintaining Information Security Management System (ISMS) for its IT functionality. CONCOR had commissioned seven container transfer/handling facilities during the year 1990. In addition to three ICDs at Ahmedabad, Pune & Hyderabad, two full-fledged Container Freight Stations (CFSs) were commissioned at Moradabad and Panipat as cargo consolidation and clearance centres with linkage to the OCD at New Delhi. The Company had commissioned Port Side Container Terminal (PSCT) at Todiarpet in March of the year 1991, situated in the vicinity of Chennai Harbor. A similar terminal was commissioned at Wadi Bunder in close proximity of Mumbai Port in April of the year 1991. In 1992-93, the company achieved the first ever movement of refrigerated cargo containers by rail. CONCOR had introduced this service to give a boost to export frozen and chilled products. CONCOR commissioned Inland Containers Depots at Tughalakabad in Delhi and Whitefield in Bangalore during the year 1993. In addition, the first phase of expansion and
upgradation of ICD a Tondiarpet in Chennai was commissioned and completed during the same period. During the year 1994, the company made a small footstep as a Multi modal transport operator and also as a consultancy organization for multi-modalism. The Government of India disinvested 20% of its equity shares in the company. A new CFS was commissioned in 1995 at New Mulund (Mumbai) and a new export warehouse of the company also started at ICD, Sabarmati. In the same year CONCOR obtained approval from World Bank to increase the quantity of wagons to be procured in the second Tranche from 750 to 1500. Scheduled reefer services between ICD Thughlakabad during the year 1996 and also in the same period the Muboni Port was introduced. The new ICDs were commissioned at Agra in November of the year 1996, linked with ports directly by road ICD Tughlakabad by rail and another ICDs were commissioned at Nagpur in January of the year1997, a rail linked with the twin ports of Mumbai and SNPT. In January of the year 1997, the 'CONTRACK' services were launched by the company offering movement of piecemeal domestic cargo in containers through specialized, scheduled and reliable container-rail services. Two new ICDs of the company were commissioned, one at Moradabad in February of the year 1998 and the other at Malanpur/Gwalior in June of the year 1998. Second bonded warehouse was commissioned at ICD/Whitefield. The Company had launched a daily service between Chennai port and Whitefield ICD, Bangalore in the year 1999. During the year 2000, CONCOR had fashioned a separate domestic division to give a major heighten to the company's growing interest in domestic container movement. The Company had introduced an express parcel service vans between Chennai and Delhi. Private sector warehousing company, Continental Warehousing Corporation had entered into a strategic alliance with CONCOR in the identical year 2000 for handling domestic cargo. The Company had launched a fixed-day fixed-time weekly freight service between Shalimar (Howrah)& Mumbai and Shalimar & Ahmedabad with transshipment at Nagpur during the year 2001. CONCOR had introduced Asia's biggest ICD at Dadri in the year 2003. In the same year the company made a tie up with Kolkata Port Trust to provide services to shippers to transport containers using sea rail-mode between Nepal and Kolkata Dock Systems (KDS). During the year 2004, CONCOR inked pact with Transworld to set up CFS at Dadri, forged alliance with APL for box freight station at Dadri complex and also inked pact with APEDA for
movement of perishable goods. A joint venture for Management and operations of Rail Container Terminal in Birgunj (Nepal) was also finalized in form of M/s Himalayan Terminals and its was commissioned during July of the year 2004. During the year 2004-05, the company had commissioned four Rubber Tyred Gantry Cranes (RTG's), two at ICD/Dadri and other two at ICD/ Dandharikalan (Ludhiana). Gateway Terminal India (Pvt) Ltd, a joint venture company of Maersk and the company formed an arm for the construction of 3rd container terminal at JN Port, it was commenced construction work during the year 2005-06. CONCOR & GDL had collectively signed agreement during the year 2005 for providing train services to transport EXIM container traffic. The Company had inked a MoU with Baxi Group in the year 2006. During October of the year 2007, CONCOR develop an inland container depot (ICD) at Baddi in Himachal Pradesh to facilitate the exporters of the Baddi-BarotiwalaNalagarh region. It will help industrialists of the region in saving the freight charges. The Company has diversified into back-end retail in January of the year 2008 and is in close final negotiation with Bharti-Wal-Mart to procure and supply fruit to the retailer. CONCOR will add eight new rail-linked inland container depots (ICDs) with an investment of Rs 3.2 billion by the end of next fiscal. The Company will have 65 depots, up from 57 at present. The new depots were announced at Railway Budget 2008. The Company is expanding the presence of the company in all the segments of the transport value chain in the Exim as well as Domestic segment. Possibilities are to be explored for strategic alliances, both for optimal utilization of infrastructure as well as expansion into other segments of the value chain.
Company History - Container Corpor
1988 - The Company was incorporated in March under the Companies Act, 1956, was constituted as an autonomous Public Sector Undertaking under the Ministry of Railways with the objective of serving as catalyst for promoting containerisation and to give a boost to India's International trade and commerce by organising multi-modal logistics support. - The Main Object of the Company is to promote containerisation and to give a boost to Indian International trade and commence by organising multi-model to logistic support. - The Company carries on the business of providing Containersied Transport by organising multi-modal logistics support. It operates Inland Container Deports (ICDs) which provide single window facility in co-ordination with Railways, Customs, Sea Ports, Shipping Lines, Road
hauliers, Banks, etc. to deal with transport logistics of imports and exports. The Company also organises rail/road transport for domestic containers and provides consultancy in the field of multi-modal transport. - The Company extended operations in the field of domestic traffic also. The potential for growth in both export-import movement and domestic movement is immense and CONCOR's strategy is aimed at capturing a sizeable portion of this maket. - With a view to improving quality of service, CONCOR has already entered into agreement with Railways for schedule running of export-import trains on guaranteed transit times. - The Company is market oriented in its approach, offering multimodal packages to customers and taking steps to ensure speedy and safe delivery of cargo. 1990- CONCOR commissioned seven container transfer/handling facilities during the year. In addition to three ICDs at Ahmedabad, Pune & Hyderabad, two full fledged Container Freight Stations (CFSs) were commissioned at Moradabad and Panipat as cargo consolidation and clearance centres with linkage to the OCD at New Delhi. - CONCOR has pioneered an important concept of Port Side Container Terminal (PSCT): the one at Todiarpet commissioned in March 1991, is situated in the vicinity of Chennai Harbour. A similar terminal was commissioned at Wadi Bunder in close proximity of Mumbai Port in April 1991. 1991- CONCOR commissioned the PSCT (Port Side Container Terminal) at Wadibunder (by the side of Mumbai Port), Domestic Container Terminals at Shalimar in Calcutta and Soft Coke Siding. - Tughlakabad at Delhi as well as a CFS at Mullund, which incidentally is its first joint venture with the Indira Rashtriya Kamgar Co-operative Society in Mumbai. - 3,29,913 No. of equity issued to Indian Railways. 1992- Under MOU signed with the Ministry of Railways, container handling target has been set at 1,35,000 TEUs against 94,000 TEUs in 1991-92. - 16,600 No. of equity shares issued, subscribed and paid up by Indian Railways. 1993- CONCOR commissioned Inland Containers Depots at Tughalakabad in Delhi and Whitefield in Bangalore. In addition, first phase of expansion and upgradation of ICD at Tondiarpet in Chennai was commissioned and completed. - 3,03,400 No. of equity shares issued, subscribed and paid up by Indian Railways.
1994 - During the year a small beginning was made as a Multi modal transport operator and also as a consultancy organization for multi-modalism. - The Government of India disinvested 20% of its equity shares of CONCOR viz. 129,97,200 at a verage weighted price of Rs 76.71 per share. 1995- A new CFS was commissioned at New Mulund (Mumbai), and a new export warehouse at ICD, Sabarmati. - Approval of World Bank was obtained to increase the quantity of wagons to be procured in the second Tranche from 750 to 1500. 1996- Scheduled reefer services between ICD Thughlakabad and Muboni Port was also introduced. Clearance of ODC consignments by road between ICD Thughlakabad to the Gateway Port was started during the year. - Two new ICDs were commissioned one each at Agra on 19.11.1996 at Nagpur on 7.1.1997. ICD at Nagpur is rail linked with the twin ports of Mumbai and SNPT and Agra is linked with ports directly by road ICD Tughlakabad by rail. 1997- Bonded work "Contract" a nominated day service linking important commercial and industrial centres of the country was launched in the domestic segments in January. - Two new ICDs were commissioned one at Moradabad on 23rd February 1998 and the other at Malanpur/Gwalior on 25th June 1998. Second bonded warehouse was commissioned at ICD/Whitefield. - The Concor has been set up to bridge the gap between rail transport and road transport for harnessing the gains of containerisation and attracting non bulk general goods road traffic to rail. - CCI is the only company in the country which manufactures 230 KV cables for which it has a technical collaboration with Mitsubishi of Japan. - The Cable Corporation of India (CCI), commissioned its new plant at Nasik on March 27, with a capacity of 10,000 ckm as scheduled. 1998- Disinvestment commission chairman G.V. Ramakrishna has criticised the government for mismanaging disinvestment process in public sector Container Corporation of India (Concor). - The disinvestment of shares in Container Corporation of India (Concor) is significant as this is the Government's first domestic offering in nearly three years. - Credit rating Information Services of India (Crisil) has downgraded the `A+' rating assigned to the Rs. 31.50 crore non- convertible debenture issue of Cable Corporation of India Ltd (CCIL) to `A-'.
1999- The Container Corporation of India (Concor) will shortly launch a daily service between Chennai port and Whitefield ICD, Bangalore. 1999- The company has introduced a voluntary retirement scheme (VRS) for its 700-odd employees at its Borivali unit. - The non-convertible debenture issue of Cable Corporation of India worth Rs. 315 crores has been downgraded from `BB+' to `C' by Credit Rating Information Services of India Ltd (Crisil). 2000- The Company has created a separate domestic division to give a major boost to the company's growing interest in domestic container movement. - Container Corporation of India has introduced an express parcel service vans between Chennai and Delhi with effect from August 1. - India's largest private sector warehousing company, Continental Warehousing Corporation has entered into a strategic alliance with leading public sector undertaking Container Corporation of Inida for handling domestic cargo. - The Company appointed Mr. R. C. Dubey and Mr. P. C. Jha as directors. - Container Corporation of India Ltd. has opened the first hub point in South India for less than container load cargoes at its Tiruvottiyur container freight station. 2001- The Container Corporation of India (Concor) has launched a fixed-day fixed-time weekly freight service between Shalimar (Howrah) and Mumbai and Shalimar and Ahmedabad with transhipment at Nagpur - Container Corporation of India Ltd has paid a dividend of Rs 27.4 crore for 2000-01 to the Indian Railways. - Container Corporation of India Ltd has informed BSE that the Government of India, Ministry of Railways, Railway Board has appointed Shri P.G.Thyagarajan, and Shri Rakesh Mehrotra as Director (IM&O) and Director (P & S) respectively w.e.f. December 12, 2001. 2002- Container Corporation of India has informed the Exchange about the new address of the company: Container Corporation of India Ltd., 2nd floor, Le-Meridien Commercial Tower, Raisina Road, New Delhi-110001. -Shri.M.C. Srivastava Member Traffic/Railway Board has been appointed as part time chairman in the place of Shri.R.K.Thoopal. -Mr.R.K.Narang, Dr.P.S.Sarma and Mr.M.R. Dixit are appointed on the board of the company as part time Non-official Directors. -Ministry of Railways has extended the term of Mr.Birkhe Ram beyong June 2002.
2003-K.K.Agarwal has been appointed as part time chairman of CONCOR. -Concor, the sole provider of containerised goods transport unveiled Asia'a biggest inland container depot( ICD) at Dadri. -Kolkota Port trust has tied up with Concor to provide services to shippers to transport containes using sea rail-mode between Nepal and Kolkota Dock Systems(KDS). -Concor recommences its wagon movement from northern India's largest container depot at Tuglaquabad in Delhi to Jawahar lal Port Trust in Mumbai. -Pradeep Bhatnagar appointed as Part-time Govt Director. -Shri Birkhe Ram, Director (Finance)/ CONCOR has ceased to hold the directorship on account of his superannuation on November 30, 2003. -Ministry of Railways has communicated the appointment of Pradeep Bhatnagar Railway Board as Part-time Govt Director wef September 22, 2003 vice Shri Prakash, the then Part-time Govt Director. 2004-Maersk-Concor bags 3rd JNPT terminal project - Concor inks pact with Transworld to set up CFS at Dadri -Concor forges alliance with APL for box freight station at Dadri complex -Concor inks pact with Apeda for movement of perishable goods 2005-Concor rolls out telescopic tariffs for bonded trucking cargoes -CONCOR & GDL signs agreement for providing train services to transport EXIM container traffic -Concor to launch new road based cargo service from Coimbatore 2006-Concor inks MoU with Baxi Group -Corporation of India (Concor) has tied up with Japanese shipping giant NYK and is working on a detailed business plan for the end-to-end auto transportation solutions project. -Concor to begin barge service between KDS, Narayangunge port 2008-The Company has issued Bonus Shares in the Ratio of 1:1.
Balance Sheet of Container Corporation of India
------------------- in Rs. Cr. ------------------Particulars Sources Of Funds Total Share Capital Equity Share Capital Reserves Networth Total Liabilities 64.99 64.99 3,118.93 3,183.92 3,183.92 Mar '08 Application Of Funds Gross Block Less: Accum. Depreciation Net Block Capital Work in Progress Investments Inventories Sundry Debtors Cash and Bank Balance Total Current Assets Loans and Advances Fixed Deposits Total CA, Loans & Advances Current Liabilities Provisions Total CL & Provisions Net Current Assets Total Assets 2,244.24 579.09 1,665.15 172.08 155.36 4.81 13.73 64.47 83.01 373.07 1,457.03 1,913.11 599.05 122.73 721.78 1,191.33 3,183.92 2,617.57 691.98 1,925.59 269.07 203.08 5.08 15.72 58.77 79.57 403.94 1,704.74 2,188.25 684.24 139.54 823.78 1,364.47 3,762.21 2,965.48 825 2,140.48 222.44 240.54 6.99 17.64 49.44 74.07 571.56 1,940.07 2,585.70 707.79 144.97 852.76 1,732.94 4,336.40 3,266.11 959.13 2,306.98 339.18 243.96 6.26 17.27 56.34 79.87 561.77 2,239.34 2,880.98 639.22 154.07 793.29 2,087.69 4,977.81 3,472.61 1,078.86 2,393.75 115.12 293.1 8.17 19.59 2,761.50 2,789.26 906.35 0 3,695.61 714.37 176.78 891.15 2,804.46 5,606.43 129.98 129.98 3,632.23 3,762.21 3,762.21 Mar '09 129.98 129.98 4,206.42 4,336.40 4,336.40 Mar '10 129.98 129.98 4,847.83 4,977.81 4,977.81 Mar '11 129.98 129.98 5,476.45 5,606.43 5,606.43 Mar '12 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12
Financial Highlights ? In the year 2009 the company was raised share capital from Rs 64.99 Crs to Rs
129.98 Crs
? The company retain more reserve and surplus over the years, in the FY2011 the
company have the worth of Rs
Profit & Loss account of Container Corporation of India
------------------- in Rs. Cr. ------------------Mar '08 Income Sales Turnover Excise Duty Net Sales Other Income Total Income Expenditure Raw Materials Power & Fuel Cost Employee Cost Other Manuf.Expenses Selling and Admin Expenses Miscellaneous Expenses Preoperative Exp Capitalised Total Expenses 1.71 0 54.82 2.14 0 80.39 2.29 14.99 83.61 2.67 14.03 86.9 5.04 28.05 99.91 78.86 0 3,347.30 3,417.16 3,705.68 3,828.12 4,060.95 0 0 0 0 0 Mar '09 Mar '10 Mar '11 Mar '12
3,347.30 3,417.16 3,705.68 3,828.12 4,060.95 158.72 203.57 164.07 173.45 316.54
3,506.02 3,620.73 3,869.75 4,001.57 4,377.49
2,294.12 2,254.00 2,506.32 2,598.32 62.42 43.5 0 95.96 53.55 0 94.7 41.8 0 75.43
48.08 2,825.36 0 0
2,456.57 2,486.04 2,743.71 2,825.43 3,037.22 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12
Operating Profit PBDIT Interest PBDT Depreciation Other Written Off
890.73
931.12
961.97 1,002.69 1,023.73
1,049.45 1,134.69 1,126.04 1,176.14 1,340.27 0.24 0.06 0.09 0.3 0
1,049.21 1,134.63 1,125.95 1,175.84 1,340.27 106.34 0 115.91 0 135.1 0 145.23 0 158.49 0
Profit Before Tax Extra-ordinary items PBT (Post Extra-ord Items) Tax Reported Net Profit Total Value Addition Equity Dividend Corporate Dividend Tax Per share data (annualised) Shares in issue (lakhs) Earning Per Share (Rs) Equity Dividend (%) Book Value (Rs)
942.87 1,018.72 7.38 7.21
990.85 1,030.61 1,181.78 15.76 25.11 -52.16
950.25 1,025.93 1,006.61 1,055.72 1,129.62 197.98 752.21 234.73 791.2 219.92 786.69 179.77 875.95 251.74 877.88
2,454.86 2,483.90 2,741.42 2,822.76 3,032.18 168.98 28.72 181.98 30.93 181.98 30.52 201.48 33.06 249.26 0
649.91 1,299.83 1,299.83 1,299.83 1,299.83 115.74 260 489.9 60.87 140 289.44 60.52 140 333.61 67.39 155 382.96 67.54 165 431.32
doc_562277095.docx
a study on logistics industry in india
A STUDY ON LOGISTICS INDUSTRY ANALYSIS IN INDIA
By Mr.T.AMULRAJ Reg.9911115007
A PROJECT REPORT Submitted to the
DEPARTMENT OF BUSINESS ADMINISTRATION
Under the Guidance of Ms. M.SELVA RANI,MBA Assistant professor/MBA
DEPARTMENT OF BUSINESS ADMINISTRATION
KALASALINGAM UNIVERSITY (KALASALINGAM ACADEMY OF RESEARCH AND EDUCATION) ANAND NAGAR, KRISHNANKOIL- 626 190 JUNE 2012
KALASALINGAM UNIVERSITY
(KALASALINGAM ACADEMY OF RESEARCH AND EDUCATION) KRISHNANAKOVIL-626190
DEPARTMENT OF MANAGEMENT STUDIES BONAFIDE CERTIFICATE This is to certify that the project was done in is “A STUDY ON LOGISTICS INDUSTRY ANALYSIS IN INDIA” a Bonafide work of mine, T.AMULRAJ (Register No: 9911115007) carried out in partial fulfillment for the award of the degree of MBA in Kalasalingam University under my guidance of Ms.M.SELVA RANI,MBA. This work is original and not submitted
earlier for the award of any degree/ diploma or association ship of any other university / institution.
SIGNATURE OF THE STUDENT
SIGNATURE OF GUIDE
SIGNATURE OF THE HEAD OF THE DEPARTMENT (With SEAL)
DECLARATION
I, Mr.T.AMULRAJ (Register No: 9911115007) hereby declare that the Research Work titled “A STUDY ON LOGISTICS INDUSTRY ANALYSIS IN INDIA” is the original work submitted to the Kalasalingam University in partial fulfillment of requirements for the award of Master of Business Administration is a record of original work done by me under the supervision of to Ms.M.SELVA RANI, Assistant professor of the Department of Business Administration, Kalasalingam University.
Date
:
SIGNATURE OF THE STUDENT
ACKNOWLEDGEMENT In a special way, I submit my whole hearted thanks to my parents for their continuous motivation and the trust on me. It is my pleasure to reveal my thanks to all my friends who offered me a great support for collecting the data from the respondents. I am extremely thankful and indebted to Dr.K.VENKATSULU VICE-
CHANCELLOR, KALASALINGAM UNIVERSITY who has given me the prestigious opportunity to do my project successfully. I am extremely thankful and indebted to Dr.M.SATHIVEL RANI MBA, PH.D. HEAD OF THE DEPARTMENT, BUSINESS ADMINISTRATION, KALASALINGAM
UNIVERSITY who has given me the prestigious opportunity to do my project successfully. I acknowledge with a sense of gratitude of sincere thanks to my Project Guide Ms.M.SELVA RANI, Assistant professor of the Department of Business Administration, Kalasalingam University who provided a great Opportunity for doing this project. Who enlightened me „What research is & how it can be performed?, His active motivation provi ded me an invaluable guidance & Encouragement towards Research that made me to perform this project. I hearty thank Mr. SETHU RAMAN “AKARA RESEARCH & TECHNOLOGY CHENNAI” for showing tremendous patience and giving full freedom in guiding me towards the successful completion of my project. In a special way, I submit my grateful thanks to my parents who provided me all the supports throughout the period of project development. I also render my deep thanks to my friends and well wishers who had been a source of encouragement throughout the period of training. Last but not least my prayers and thanks to the “almighty” without whom the work would not have materialized. I also extend my thanks to all the other faculty members for extending their helping hands to complete this project effectively. Finally, I would like to profoundly thank all the respondents who helped me in collecting the necessary information for completing this project. Mr.T.AMULRAJ
PERFACE I have really enjoyed working on this project. In the starting phase, I found this work difficult, but with ample guidance of all staff members of the AKARA RESEARCH & TECHNOLOGY CHENNAI. I was able to complete my work successfully. It is the responsibility of the Management of an organization to guide each newly joined individual to remove his anxiety in an organizational environment and help him in settling down. In this project I have covered the aspect relating to training followed by the management of an organization. Under this study I have put in my best efforts to make this project successful. While working on this project I got exposure to the training practice use by the organization.
Logistics
Logistics is the management of the flow of resources between the point of origin and the point of destination in order to meet some requirements, for example, of customers or corporations. The resources managed in logistics can Include physical items, such as food, materials, equipment, liquids, and staff, as well as abstract items, such as Information, particles, and energy. The logistics of physical items usually involves the integration of information flow, material handling, production, packaging, inventory, transportation, warehousing, and often security. The complexity of logistics can be modeled, analyzed, visualized, and optimized by dedicated simulation software. The minimization of the use of resources and time are common motives.
Origins and definition
The term logistics comes from the late 19th century: from French logistique, from loger 'to lodge' Logistics is considered to have originated in the military's need to supply itself with arms, ammunition, and rations as it moved from a base to a forward position. In the ancient Greek, Roman, and Byzantine Empires, military officers with the title Logistikas were responsible for financial and supply distribution matters. The Oxford English Dictionary defines logistics as "the branch of military science relating to procuring, maintaining and transporting material, personnel and facilities." However, the New Oxford American Dictionary defines logistics as "the detailed coordination of a complex operation involving many people, facilities, or supplies", and the Oxford Dictionary online defines it as "the detailed organization and implementation of a complex operation". Another dictionary definition is "the time-related positioning of resources." As such, logistics is commonly seen as a branch of engineering that creates "people systems" rather than "machine systems". According to the Council of Logistics Management, logistics includes the integrated planning, control, realization, and monitoring of all internal and network-wide material, part, and product flow, including the necessary information flow, in industrial and trading companies along the complete value-added chain (and product life cycle) for the purpose of conforming to customer requirements.
Logistics is the process of planning, implementing, and controlling the effective and efficient flow of goods and services from the point of origin to the point of consumption.
Main logistics targets
Logistics is one of the main functions within a company. The main targets of logistics can be divided into performance-related and cost-related targets. A few examples are high due date reliability, short delivery times, low inventory level, and high utilization of capacity. When decisions are made, there is a trade-off between targets.
Logistics viewpoints
Inbound logistics is one of the primary processes of logistics, concentrating on purchasing and arranging the inbound movement of materials, parts, and/or finished inventory from suppliers to manufacturing or assembly plants, warehouses, or retail stores. Outbound logistics is the process related to the storage and movement of the final product and the related information flows from the end of the production line to the end user.
Logistics fields
Given the services performed by logisticians, the main fields of logistics can be broken down as follows: • • • • • • • • Procurement logistics Production logistics Distribution logistics After sales logistics Disposal logistics Reverse logistics Global logistics Domestics logistics
Procurement logistics consists of activities such as market research, requirements planning,
make-or-buy decisions, supplier management, ordering, and order controlling. The targets in procurement logistics might be contradictory: maximizing efficiency by concentrating on core
competences, outsourcing while maintaining the autonomy of the company, or minimizing procurement costs while maximizing security within the supply process.
Production logistics connects procurement to distribution logistics. Its main function is to
use available production capacities to produce the products needed in distribution logistics. Production logistics activities are related to organizational concepts, layout planning, production planning, and control.
Distribution logistics has, as main tasks, the delivery of the finished products to the
customer. It consists of order processing, warehousing, and transportation. Distribution logistics is necessary because the time, place, and quantity of production differs with the time, place, and quantity of consumption.
Disposal logistics has as its main function to reduce logistics cost(s) and enhance service(s)
related to the disposal of waste produced during the operation of a business.
Reverse logistics denotes all those operations related to the reuse of products and materials.
The reverse logistics process includes the management and the sale of surpluses, as well as products being returned to vendors from buyers.
Business logistics
One definition of business logistics speaks of "having the right item in the right quantity at the right time at the right place for the right price in the right condition to the right customer". As the science of process, business logistics incorporates all industry sectors. Logistics work aims to manage the fruition of project life cycles, supply chains, and resultant efficiencies. Logistics as a business concept evolved in the 1950s due to the increasing complexity of supplying businesses with materials and shipping out products in an increasingly globalized supply chain, leading to a call for experts called "supply chain logisticians". In business, logistics may have either an internal focus (inbound logistics) or an external focus (outbound logistics),
covering the flow and storage of materials from point of origin to point of consumption (see supply-chain management). The main functions of a qualified logistician include inventory management, purchasing, transportation, warehousing, consultation, and the organizing and planning of these activities. Logisticians combine a professional knowledge of each of these functions to coordinate resources in an organization. There are two fundamentally different forms of logistics: one optimizes a steady flow of material through a network of transport links and storage nodes, while the other coordinates a sequence of resources to carry out some project.
Production logistics
The term production logistics describes logistic processes within an industry. Production logistics aims to ensure that each machine and workstation receives the right product in the right quantity and quality at the right time. The concern is not the transportation itself, but to streamline and control the flow through value-adding processes and to eliminate non–valueadding processes. Production logistics can operate in existing as well as new plants. Manufacturing in an existing plant is a constantly changing process. Machines are exchanged and new ones added, which gives the opportunity to improve the production logistics system accordingly. Production logistics provides the means to achieve customer response and capital efficiency. Production logistics becomes more important with decreasing batch sizes. In many industries (e.g., mobile phones), the short-term goal is a batch size of one, allowing even a single customer's demand to be fulfilled efficiently. Track and tracing, which is an essential part of production logistics due to product safety and reliability issues, is also gaining importance, especially in the automotive and medical industries.
Review of literature
The Indian economy has been growing at an average rate of more than 8 per cent over the last four years (Srinivas, 2006) putting enormous demands on its productive infrastructure. Whether it is the physical infrastructure of road, ports, water, power etc. or the digital infrastructure of broadband networks, telecommunication etc. or the service infrastructure of logistics – all are being stretched to perform beyond their capabilities. Interestingly, this is leading to an emergence of innovative practices to allow business and public service to operate at a higher growth rate in an environment where the support systems are getting augmented concurrently. In this paper, we present the status of the evolving logistics sector in India, innovations therein through interesting business models and the challenges that it faces in years to come.
Broadly speaking, the Indian logistics sector, as elsewhere, comprises the entire inbound and outbound segments of the manufacturing and service supply chains. Of late, the logistics infrastructure has received lot of attention both from business and industry as well as policy makers. However, the role of managing this infrastructure (or the logistics management regimen) to effectively compete has been slightly under-emphasized. Inadequate logistics infrastructure has an effect of creating bottlenecks in the growth of an economy, the logistics management regimen has the capability of overcoming the disadvantages of the infrastructure in the short run while providing cutting edge competitiveness in the long term. It is here that exist several challenges as well as opportunities for the Indian economy. There are several models that seem to be emerging based on the critical needs of the Indian economy that can stand as viable models for other global economies as well.
Chandra and Sastry (2004) have pointed towards two key areas that require attention in managing the logistics chains across the Indian business sectors – cost and reliable value add services. Logistics costs (i.e., inventory holding, transportation, warehousing, packaging, losses and related administration costs) have been estimated at 13-14 per cent of Indian GDP which is higher than the 8 per cent of USA?s and lower than the 21 per cent of China?s GDP (Sanyal, 2006a). Service reliability of the logistics industry in emerging markets, like India, has been
referred to as slow and requiring high engagement time of the customers, thereby, incurring high indirect variable costs (Dobberstein et. al, 2005). However, the Indian logistics story is one with islands of excellence though there has been a general improvement on almost all parameters. It is this aspect that we explore further in this paper. The paper is organized as follows: the next section gives a brief introduction of some of the peculiarities of the Indian logistics sector.
Research methodology
Research methodology is a way to systematically solve the research problem. The research methodology using for find out the solution of the research problem is analytical research methodology and some extend descriptive research methodology.
Data Used:
The sources of secondary data for solve the problems are:? ? ? ? ? Company Annual Report Companies websites Moneycontrol.com RBI database CII database
Period of study
The period of the study is 5 years i.e. (2008-2012). Company 5 years data has been taken for the analysis.
Tools
These are the most popular tools of industry analysis. They focus on earnings, growth, and value in the market. ? SWOT ? BCG Matrix ? Porter?s five force model ? Key financial ratios
Techniques
The techniques used in the analysis of the companies are excel sheets, graphs and tables of financial statement for example balance sheet, profit & loss accounts, dividend per share, ratio analysis, valuation ratio etc.
COMPANY ANALYSIS
Aqua Logistics
Profile Aqua Logistics established in 1999 and headquartered in Mumbai, Aqua Logistics is India?s foremost global logistics and supply chain partner, delivering excellence across industries, through an integration of empowered people, processes and technology. At Aqua Logistics, enable their client?s businesses by aligning the strategic and the operational perspectives. Aqua Logistics understands that global supply chain management involves planning, implementing and controlling a series of complex tasks performed by persons of different nationalities and cultures and with varying language capabilities. We integrate these multinational capabilities by combining years of expertise with the latest in technology. It understands that synchronization of time, people and place are crucial for supply chain optimization. To ensure this, it have been gradually building upon the foundation of varied experienced and highly skilled specialists, who focus on operating models that integrate functions of the clients? organization, their suppliers and customers across the extended supply chain. It operations, consulting, and client development teams deliver logistics, operations strategy, sourcing and procurement planning, fulfillment operations, customer service and after sales support. Integrating technology into their expertise, Aqua-Enable, software that enables collaboration between internal and external stakeholders involved in the entire supply chain, provides visibility on updated status and any gaps in terms of documentation or activities. It portfolio speaks of our experience, expertise and evolution. Aqua Logistics has incorporated supply chain consulting and outsourcing work for various verticals including Power, Pharmaceuticals, Engineering, Infrastructure, Sports, and Events, Retail, Telecom and the Consumer Durables industry.
Mission Statement ? The mission is to be the most outstanding Global Logistics and Supply Chain Partner offering integrated services through constant innovation and the relentless pursuit of excellence. ? It aims to enhance our clients' businesses by offering superior solutions while creating value that far exceeds stakeholder expectations.
Core Values It has sought to make Aqua Logistics a value-driven organization and it believe these values will continue to direct their business as well as individual growth. Their core driving values are: Integrity: Integrity towards its work, its customers and their employees is the foundation on which the organization is built. It believes that our teams have the integrity, inspiration and commitment to achieve their vision of building a perpetual organization. Respect: Respect for customers? needs by showing maximum responsiveness, respect and compassion for employees and colleagues, and above all, respect for the laws of the lands that business thrives on, are imperative for organization to continue to succeed and grow. Excellence: Excellence and continuous improvement in its operations are what will help in scaling greater heights of growth and success. These will lead to an enhanced learning experience for their employees and enhanced value-addition to its customers. Teamwork: Our leaders and partners at various levels around the world are empowered and inspire teamwork necessary for any venture to succeed. Together it can generate superior stakeholder value and generate long-term revenue, profit and growth. It believes in the application of the principles of supply chain management in their true spirit by moving away
from the old silo way of functioning to promoting cross-functional collaboration and communication. Social responsibility: It realizes their responsibility towards society and the environment that work in. It must ensure that return what we get from the society back to the society that we operate in. Aqua Logistics - Why the Name? It interprets their business of logistics to be a facilitator of Convergence and Growth, an evolution of the oldest natural source of trade and development – water. That?s why the name „Aqua?. Over time, water has channeled civilizations, agriculture, trade and markets across the globe, bringing prosperity to every region. Today, Aqua Logistics facilitates these independent markets convergence to a point of growth. They employ is expertise to enable every business. With a fluid supply chain we deliver constantly, overcome challenges of diversity across industries and markets, worldwide. In them journey of being a global Logistic Solution Provider, in turn are constantly evolving with ideas, people and cultures. It goes with the flow!
Balance Sheet of Aqua Logistics
------------------- in Rs. Cr. ------------------Particulars Sources Of Funds Total Share Capital Equity Share Capital Share Application Money Preference Share Capital Reserves Revaluation Reserves Networth 11.46 11.46 0.00 0.00 28.48 0.00 39.94 12.92 12.92 0.00 0.00 44.52 0.00 57.44 20.54 20.54 0.00 0.00 206.47 0.00 227.01 30.00 30.00 0.00 0.00 493.61 0.00 523.61 30.00 30.00 0.00 0.00 491.56 0.00 521.56 2008 2009 2010 2011 2012
Secured Loans Unsecured Loans Total Debt Total Liabilities
7.46 0.70 8.16 48.10 2008
39.73 0.06 39.79 97.23 2009
29.70 0.01 29.71 256.72 2010
39.71 30.37 70.08 593.69 2011
53.18 31.23 84.41 605.97 2012
Application Of Funds Gross Block Less: Accum. Depreciation Net Block Capital Work in Progress Investments Inventories Sundry Debtors Cash and Bank Balance Total Current Assets Loans and Advances Fixed Deposits Total CA, Loans & Advances Deffered Credit Current Liabilities Provisions Total CL & Provisions Net Current Assets Miscellaneous Expenses Total Assets Contingent Liabilities Book Value (Rs) 48.55 0.00 9.22 0.37 9.59 38.96 0.00 48.10 0.00 34.84 86.81 0.00 10.48 4.11 14.59 72.22 1.42 97.24 10.82 44.45 218.43 0.00 16.26 4.67 20.93 197.50 3.94 256.72 1.85 110.51 516.07 0.00 20.23 3.43 23.66 492.41 4.00 593.69 16.69 17.45 521.79 0.00 25.33 3.27 28.60 493.19 0.00 605.98 2.91 17.39 9.91 0.78 9.13 0.00 0.01 0.00 32.86 8.19 41.05 7.40 0.10 14.67 1.92 12.75 0.00 10.85 0.00 59.73 1.04 60.77 15.59 10.45 46.50 3.41 43.09 2.30 9.89 0.00 103.24 5.46 108.70 33.82 75.91 51.50 7.14 44.36 7.31 45.61 0.00 155.63 2.28 157.91 65.35 292.81 55.89 10.96 44.93 13.45 54.41 0.00 146.80 94.37 241.17 280.62 0.00
Financial Highlights: ? Face Value of the Equity Share of the Company was splitted from 2010 to Rs.1.00 With Respect of 4th October, 2010 ? During the year, the Company allotted 4.1Cr Global Depository Receipt (GDR) (on paripassu basis) representing 9.46 Equity Shares of Re.1/- each with each GDR representing 23 Equity Shares at US$ 15.17 per GDR on February 10, 2011 ? In order to conserve the profit of the business of the company, to meet the growing funding requirements, it has not recommended any dividend for the last 5 years. ? The Value of the Net Assets of the company has increased in past 5 years it shows that it brought many assets by way of utilizing the reserves & surplus of the company. ? It provide services, so it need not maintain any inventories ? The company spent more funds on its subsidiaries so the level of investment could be increased in past few years ? The value of Debtors collection could be decreased. Up to 5.6% has been reduced. ? The performance of the current assets shows very good financial results up to 53% increased its helps to investors can invest their fund in this company share for short term period. ? Aqua Logistics company barrows fund from external sources in the previous year Rs 65.35Cr it?s increased to 329% stood at Rs 280.62Cr in FY12. ? Face Value of the Equity Share of the Company was splitted from 2010 to Rs.1.00 due to that reason the book value of share was FY11 stood at Rs 17.45 in FY12 profit level could be turn down so the book value per share is Rs.17.39
Profit & Loss account of Aqua Logistics Particulars Income Sales Turnover Excise Duty Net Sales Other Income Stock Adjustments Total Income Expenditure Raw Materials Power & Fuel Cost Employee Cost Other Manufacturing Expenses Selling and Admin Expenses Miscellaneous Expenses Preoperative Exp Capitalised Total Expenses 0 0 7.63 84.31 3.44 0.84 0 96.22 0 0 10.58 175.49 3.79 1.19 0 191.05 0 0 10.92 272.42 4.47 1.29 0 289.1 0 0 8.33 326.79 8.71 1.29 0 345.12 0 0 6.19 282.43 0 5.95 0 294.57 108.99 0 108.99 0.42 0 109.41 213.4 0 213.4 0.65 0 214.05 322.01 0 322.01 -0.11 0 321.9 380.88 0 380.88 0.85 0 381.73 310.35 0 310.35 1.58 0 311.93 ------------------- in Rs. Cr. ------------------2008 2009 2010 2011 2012
Mar'08 Mar'09 Mar'10 Mar '11 Mar '12 Operating Profit PBDIT Interest PBDT Depreciation Other Written Off Profit Before Tax Extra-ordinary items PBT (Post Extra-ord Items) Tax 12.77 13.19 3.82 9.37 0.57 0 8.8 0 8.8 3.18 22.35 23 4.75 18.25 1.14 0 17.11 0 17.11 5.97 32.91 32.8 5.17 27.63 1.49 0 26.14 0 26.14 5.6 35.76 36.61 7.25 29.36 3.88 0 25.48 -0.48 25 2.62 15.78 17.36 11.78 5.58 3.87 0 1.71 0 1.71 0.55
Reported Net Profit Total Value Addition Preference Dividend Equity Dividend Corporate Dividend Tax Per share data (annualised) Shares in issue (lakhs) Earning Per Share (Rs) Equity Dividend (%) Book Value (Rs)
5.61 96.22 0 0 0
11.15 191.05 0 0 0
20.54 289.1 0 0 0
22.39 345.12 0 0 0
1.15 294.57 0 0 0
114.64 4.9 0 34.84
129.24 8.63 0 44.45
205.41 2,999.91 2,999.91 10 0 110.51 0.75 0 17.45 0.04 0 17.39
Financial Performance: ? ? During the year the company has registered income from operation of Rs. 331.93 Cr. as compared to Rs. 381.73Cr in the previous year. Profit before Depreciation Interest and Tax (PBDIT) has decreased from Rs 17.36Cr. For the year ended March 31, 2011 to Rs.36.61 Cr. showing the decrease of 52.6 %. During FY2012, the company has recorded PBDIT of 5.55% of the income from operation as against 9.58% during FY2011. The reduction in operation in operating margin is due to decrease in income from operation. ? ? During the year, Profit after tax (PAT) has decreased from Rs.21.24Cr. for the FY2011 to Rs.1.15Cr. in FY2012 due to decrease in income from operation. The company pays more funds for interest payment due to that reason the level of profit could be decreased over the year. Interest has increased from Rs. 4.53Cr. for the FY2011 to Rs.11.78Cr. in FY2012
Key Financial Ratios of Aqua Logistics:
2008 Investment Valuation Ratios Face Value Operating Profit Per Share (Rs) Net Operating Profit Per Share (Rs) Free Reserves Per Share (Rs) Bonus in Equity Capital Profitability Ratios Operating Profit Margin(%) Profit Before Interest And Tax Margin(%) Gross Profit Margin(%) Cash Profit Margin(%) Adjusted Cash Margin(%) Net Profit Margin(%) Adjusted Net Profit Margin(%) Return On Capital Employed(%) Return On Net Worth(%) Adjusted Return on Net Worth(%) Return on Assets Excluding Revaluations Return on Assets Including Revaluations Return on Long Term Funds(%) Liquidity And Solvency Ratios Current Ratio Quick Ratio Debt Equity Ratio Long Term Debt Equity Ratio Debt Coverage Ratios Interest Cover Total Debt to Owners Fund 6.34 0.2 5.47 0.69 6.8 0.13 4.91 0.13 1.23 0.16 5.06 5.06 0.2 0.2 5.95 5.95 0.69 0.69 -2.75 10.44 0.13 5.89 21.81 0.13 0.07 3.26 18.24 0.16 0.01 11.7 11.17 11.19 5.41 5.41 5.14 5.14 25.66 14.05 13.37 34.84 34.84 25.66 10.47 9.93 9.93 5.52 5.52 5.22 5.22 21.98 19.89 19.03 43.36 43.36 21.98 10.21 9.74 9.75 6.98 6.98 6.37 6.37 12.38 9.2 9.42 108.6 108.6 13.98 9.38 8.34 8.36 7.1 7.1 5.85 5.85 5.58 4.3 4.48 17.32 17.32 5.9 5.08 3.8 3.83 1.94 1.94 0.36 0.36 2.4 0.22 0.42 17.39 17.39 2.77 -10 11.13 95.07 24.84 10 17.29 165.12 33.36 15.47 10 16.02 156.76 98.6 9.73 1 1.19 12.7 16.31 -6.66 6.66 1 0.53 10.35 2009 2010 2011 2012
Financial Charges Coverage Ratio Financial Charges Coverage Ratio Post Tax Management Efficiency Ratios Debtors Turnover Ratio Asset Turnover Ratio Number of Days In Working Capital
3.38 2.62
4.74 3.59
6.44 5.26
5.11 4.62
1.56 1.43
4.69 18.43 128.69
4.61 19.99 121.84
3.95 7.58 220.8
2.94 8.02 465.41
2.05 0.52 572.08
Financial Performance: 1. The gross Profit Margin reflects the efficiency with which Management Produces each unit of product. This ratio indicates the average spread between the cost of goods sold and the sales revenues. A high gross profit margin shows that a sign of good management and vice. Versa in Aqua Logistics company past five year gross profit margin continuously inability to purchase raw material at favorable terms. It result in decreased from 9.38% to 5.08% in FY2012. 2. Net Profit Margin ratio establishes a relationship between net profit and sales and indicates management?s efficiency in manufacturing, administration and selling the products/service. While in this case the company performance shows that fluctuation in past five years. In FY2008 5.14% but the company effort of the could be abridged now the ratio shows that 0.36% the economic condition also one of the reasons for slope in net profit margin ratio. 3. There is no constant changes in the ROE it indicate that the relationship between the Net Profit to Net worth of the company but the company shows up-down movement in past performance like in FY2011 the ROE was 4.3% it reduced to 0.22% in FY2012. 4. Current Ratio provides a margin of safety to the creditors. In a sound business, a current ratio of 2:1 is considered an ideal one. But in this case, the current ratio explains that in the FY08 & FY09 constant relation between current assets and current liability but in the FY10 increased in sundry creditors for supplier upto Rs. 2.29 Cr. later in FY12 the level of short term borrowings would be increased it stood at 3.26:1 is an ideal one. 5. The working capital cycle level could be increased continuously over the past five years. In FY12 the Number of Days in Working Capital was 1.5yrs.
Financial Performance of Aqua Logistics Ltd
Particulars Reserves & Surplus Net Block Net Sales Net Profit Operating Profit Debt - Equtiy Ratio
2008 28.48 9.13 108.99 5.61 12.77 0.20
2009 44.52 12.75 213.4 11.15 22.35 0.69
2010 206.47 43.09 322.01 20.54 32.91 0.13
2011 493.61 44.36 380.88 22.39 35.76 0.13
2012 491.56 44.93 310.35 1.15 15.78 0.16
Table No.
1.
RESERVES & SURPLUS
Reserves & Surplus of Aqua logistics Ltd
493.61 491.56
206.47 28.48 2008 44.52 2009 2010 Reserves & Surplus… 2011 2012
Inference:
During the year, company reduction in operation so that reason the level of reserve and surplus Rs. 2.05Cr could be reduced. But past four years they retain so many reserves and surplus. In the FY2011 they retain 139% in profit. Now the company reserve increased up to 1625% in past financial five years.
2. Net block/Net Assets
Net Block (Cr)
50.00 40.00 Amt in Crs 30.00 20.00 10.00 0.00 Net Block (Cr) 2008 9.13 2009 12.75 2010 43.09 2011 44.36 2012 44.93
Inference:
In the FY2010 the company brought Plant & machinery about Rs 31Cr. So the value of asset could be increased over the years. Later the value of net block could be increased. In the Year 2012 the value of assets shows that Rs44.93Cr. the followings are explains about the the company brought asset over the FY2010 ? ? ? ? Plant & Machinery-Rs 31.2Cr Computer & Software- Rs 0.08Cr Furniture & Fixtures-Rs 0.22Cr Vehicles-Rs 0.22Cr
Therefore, the company spent their resources for buying new vehicles currently the company buy the worth of Rs4.46Cr.
3. Net Sales
Net Sales (Cr)
Net Sales (Cr) 380.88 322.01 213.4 108.99 310.35
2008
2009
2010
2011
2012
Inference: The company records the continuous improvement in the year between FY2008 to FY2011. But in the year 2012 the sales could be down up to 18.52% the level of sales stand at Rs 310.35Cr in FY12.eventhouh the sales growth for past five years is 184% 4. Net Profit
Net Profit(Cr)
Net Profit(Cr) 22.39
20.54
11.15 5.61 1.15 2008 2009 2010 2011 2012
Inference: The diagram explains about the net profit of the company could reduced due to payment of more interest and taxes
5. Operating Profit:
Operating Profit (Cr)
2008 2009 2010 2011 2012
13%
11% 19%
30% 27%
Inference: Operating profit of Aqua Logistics Ltd shows a excellent performance over the past five years. In FY2012, it was increased from 3% to 30% compare to previous FY2011
6. Debt-Equity Ratio
Debt-Equity ratio
1.80 1.60 1.40 1.20 1.00 0.80 0.60 0.40 0.20 0.00 Equity Debt
Debt-Equity ratio
2008 1 0.20
2009 1 0.69
2010 1 0.13
2011 1 0.13
2012 1 0.16
Inference:
The Debt- Equity ratio explains about the business concern is done by owner?s equity as well as outside debts. In other words, the relationship between borrowed funds and owner?s capital it used for measure the long – term solvency of a firm. Aqua logistics shows that in the FY2009 could be increased from 0.20times to 0.69 times later it reduced to 0.13 times but in the audited FY12 the company borrowings more short term loans so that reason the level could be increased over the year. Now it stands at 0.16 times.
Allcargo Logistics Ltd
Allcargo Logistics Ltd. is today a leading multinational company providing integrated logistics solutions. The organization offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments. The company currently operates out of 140own offices in 62 countries and gets supported by an even larger network of franchisee offices across the world. Allcargo Logistics Ltd. is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange and The National Stock Exchange of India. With a consolidated turnover of over Rs. 4,325 cores, Allcargo Logistics Ltd. has demonstrated superior performance and significant growth prospects in the past years, thereby attracting quality investors like The Blackstone Group, New Vernon and Acacia Partners amongst others.
Allcargo Logistics-company history
Our Company is promoted by Mr. Shashi Kiran Shetty and commenced its operations in 1993 as a shipping agency house and in addition provided freight forwarding services. Today, Allcargo Logistics Ltd., part of The Avvashya Group, is a leading multinational company providing integrated logistics solutions. The Company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as leading players in all these segments. Our Company currently operates out of 142 own offices in 62 countries and gets supported by an even larger network of franchisee offices across the world.
Allcargo Logistics -Vision
“Become a leader in the business known for pioneering solutions in logistics, worldwide”
Allcargo Logistics-Mission
? Create benchmarks of quality, consistency and commitment in the integrated logistics business worldwide ? Create better value for clients and for us through ingenuity supported by knowledge, expertise, technology and imagination ? Nurture long term relationships with all stakeholders through growth, trust and by delivering on promises ? Be a responsible corporate citizen by contributing to the society and respecting cultural sensibilities ? Inspire creativity, initiative and leadership
Milestones of Allcargo Logistics Ltd
? 2012 'Most Well Diversified Business Enterprise' - Citi Commercial Bank & Economic Times ? 2011 Started Inland Container Depot (ICD) at Dadri - JV with Concor The Parent Brand, The Avvashya Group, was formed Acquired Mumbai-based project logistics company CEO of the year with HR orientation - Asia's Best Employer Brand Awards Freight Forwarder of the Year - 2nd MALA Awards Outstanding Logistics Professional - 2nd MALA Awards LCL Consolidator of the Year - 3rd South East CEO Conclave & Awards Indian Freight Forwarder of Year - 1st Northern India Multimodal Logistics Awards ? 2010 Raised US$23.5 Million through QIP (Qualified Institutional Placement) Acquired two Hong Kong based companies engaged in Non Vessel Owning Common Carrier (NVOCC) business in China and other parts of eastern region Bought SHE Maritime, a company based in London, engaged in NVOCC business Logistics Company of the Year - Maritime and Logistics Awards Best Private CFS Operator in India - Maritime Gateway Award E&Y Entrepreneur of the Year - Services Category - E&Y Face of Logistics Industry - ELSC ? 2009 Blackstone increased stake by converting warrants Started operations as 3PL player Started Allcargo's 1st ICD in Pithampur Logistics Company of the Year - NDTV Business Leadership Awards
? 2008 Merged Equipment Hiring business (Trans India) Investment by Blackstone, reputed FII Logistics Company of the Year - Maritime Gateway Awards ? 2007 Started 2 new Container Freight Stations (CFS) - at Chennai & Mundra Logistics Company of the Year - Lloyd's List ? 2006 Acquired Hindustan Cargo - freight forwarding arm of Thomas Cook Listing on Indian stock exchanges Investment by New Vernon, a reputed FII ? 2005 Acquired Ecu Line in stages over 2 years ? 2004 Started Project Handling Business. ? 2003 Established Container Freight Station at JNPT port- largest port in India ? 2002 Awarded with "Best Consolidator" by Concor. Acquired 50% stake in ACM Lines (Pty)Ltd. ? 1995 Entered into LCL consolidation as agent of Ecu Line ? 1993 Started as Cargo handling operator at Mumbai port
Ethics & Core Values
As an Allcargo Logistics Ltd. employee, it will benefit professionally from their core values as they benefit our company and the group as a whole. ? ? ? ? ? ? ? Trust Integrity Team spirit Leadership Passion for Excellence Respect for Individual Transparency and Openness
Balance Sheet of Allcargo Logistics
Particulars Sources Of Funds Total Share Capital Equity Share Capital Share Application Money Preference Share Capital Reserves Revaluation Reserves Networth Secured Loans Unsecured Loans Total Debt Total Liabilities Particulars Application Of Funds Gross Block Less: Accum. Depreciation Net Block Capital Work in Progress Investments Inventories Sundry Debtors Cash and Bank Balance Total Current Assets Loans and Advances Fixed Deposits Total CA, Loans & Advances Deffered Credit Current Liabilities Provisions Total CL & Provisions Net Current Assets Miscellaneous Expenses Total Assets Contingent Liabilities Book Value (Rs) ------------------- in Rs. Cr. ------------------Dec '07 Dec '08 Dec '09 Dec '10 Mar '12 12 mths 12 mths 12 mths 12 mths 15 mths 20.26 20.26 3.60 0.00 361.65 0.00 385.51 24.38 0.00 24.38 409.89 Dec '07 248.62 38.54 210.08 40.52 114.06 1.47 45.63 9.20 56.30 40.90 5.50 102.70 0.00 48.94 8.62 57.56 45.14 0.09 409.89 18.52 188.54 22.36 22.36 30.98 0.00 443.53 0.00 496.87 105.28 100.97 206.25 703.12 Dec '08 377.66 62.50 315.16 59.45 115.22 1.96 71.33 29.25 102.54 198.81 3.35 304.70 0.00 83.54 7.90 91.44 213.26 0.05 703.14 15.93 208.33 24.96 24.96 1.65 0.00 765.18 0.00 791.79 109.30 0.00 109.30 901.09 Dec '09 508.97 98.72 410.25 61.75 200.34 2.71 72.86 16.79 92.36 248.15 3.56 344.07 0.00 106.83 8.50 115.33 228.74 0.00 901.08 76.84 63.31 26.10 26.10 1.23 0.00 951.68 0.00 979.01 247.25 0.00 247.25 1226.26 Dec '10 776.14 134.07 642.07 45.79 179.07 6.33 93.55 11.42 111.30 463.66 2.09 577.05 0.00 177.16 40.55 217.71 359.34 0.00 1226.27 69.61 74.92 26.11 26.11 0.87 0.00 1113.16 0.00 1140.14 495.91 62.84 558.75 1698.89 Mar '12 1194.27 213.06 981.21 47.44 380.64 11.04 129.33 6.51 146.88 410.06 0.00 556.94 0.00 246.22 21.13 267.35 289.59 0.00 1698.88 328.89 87.27
Allcargo Logistics Ltd- Financial Summery 1. Net Worth:
Particulars Networth 2008 385.51 2009 496.87 2010 791.79 2011 979.01 2012 1140.14
Networth
1200.00 1000.00 800.00 600.00 400.00 200.00 0.00 Networth
Dec '07 385.51
Dec '08 496.87
Dec '09 791.79
Dec '10 979.01
Mar '12 1140.14
Interpretation: The net worth of Allcargo Logistics has continuously increased compare to past financial years. It retains abundance of reserves and surplus. 14% to be increased its value
2. Reserve & Surplus
Particulars Reserves 2008 361.65 2009 443.53 2010 765.18 2011 951.68 2012 1113.16
Reserve
1200.00
1113.16
1000.00 800.00 600.00 400.00 200.00 0.00 2008 2009 2010 2011 2012
951.68 765.18
Reserves
361.65
443.53
Interpretation: The diagram explain about the level of reserve is increased Up to 14% the company has spent more money for acquisition of firms it shows that increase in value of share in future. Even the company has the high level of reserve and surplus in expect more return in the future.
2. Net Block
Particulars Net Block 2008 210.08 2009 315.16 2010 410.25 2011 642.07 2012 981.21
1000.00 800.00 600.00 400.00 200.00 0.00 2008 2009 2010 2011 2011 210.08 315.16 410.25 642.07
981.21
2012 2012
2008
2009
2010
Interpretation: The company is net block that is the asset of the company increased 39% due to acquired more asset over the years. In the year 2012 the company purchases heavy Equipments Rs.0.35Crs. The company also brought additional vehicles for their operation about Rs 1.17Crs They also spent funds for buying other assets like freehold land, plant Equipments, furniture& Fixtures
3. Book Value:
Particulars Book Value (Rs) 2008 188.54 2009 208.33 2010 63.31 2011 74.92 2012 87.27
Book Value (Rs)
300.00 250.00 200.00 150.00 100.00 50.00 0.00 2008 2009 2010 2011 2012 63.31 74.92 87.27 188.54 208.33 Book Value (Rs) Poly. (Book Value (Rs))
Interpretation: The company had face value of Rs 10 in 2008 & 2009. Later it reduces their face value from Rs10 to Rs2. So the book value of share is now stood at Rs 87.27 In the FY2010, the value of book value stood at Rs 63.31 it was increased past three years now the company records book value of a share is Rs87.27
Profit & Loss account of Allcargo Logistics
------------------- in Rs. Cr. ------------------Dec '07 Dec '08 Dec '09 Dec '10 Mar '12 12 mths 12 mths 12 mths 12 mths 15 mths 361.25 0 361.25 4.02 365.27 2.31 1.66 23.11 223.18 22.22 9.05 281.53 516.79 0 516.79 20.03 536.82 3.25 1.44 34.18 300.53 30.62 14.11 384.13 516.76 0 516.76 15.34 532.1 4.6 2.41 35.84 287.11 29.45 12.66 372.07 699.84 1,079.43 0 0 699.84 1,079.43 42.93 51.06 742.77 1,130.49 13.1 23.88 48.58 352.58 63.95 15.31 517.4 21.43 40.63 80.67 535.57 0 92.11 770.41
Particulars Income Sales Turnover Excise Duty Net Sales Other Income Total Income Expenditure Raw Materials Power & Fuel Cost Employee Cost Other Manufacturing Expenses Selling and Admin Expenses Miscellaneous Expenses Total Expenses Particulars Operating Profit PBDIT Interest PBDT Depreciation Other Written Off Profit Before Tax Extra-ordinary items PBT (Post Extra-ord Items) Tax Reported Net Profit Total Value Addition Equity Dividend Corporate Dividend Tax Per share data (annualised) Shares in issue (lakhs) Earnings Per Share (Rs) Equity Dividend (%)
Dec '07 Dec '08 Dec '09 Dec '10 Mar '12 12 mths 12 mths 12 mths 12 mths 15 mths 79.72 132.66 144.69 182.44 309.02 83.74 152.69 160.03 225.37 360.08 2.54 18.07 16.13 27.87 50.55 81.2 134.62 143.9 197.5 309.53 14.2 25.47 37.63 40.24 89.04 0.04 0.04 0.08 0 0 66.96 109.11 106.19 157.26 220.49 3.33 -0.01 0.23 0 0 70.29 109.1 106.42 157.26 220.49 10.52 16.42 8.44 23.74 36.42 59.78 92.67 97.81 121.13 184.07 279.22 380.89 367.46 504.32 748.98 10.76 5.59 12.48 39.44 19.58 1.83 0.95 2.12 6.43 3.18 202.56 29.51 50 223.64 1,248.11 1,305.17 1,305.47 41.44 7.84 9.28 14.1 25 50 150 75
4. Sales Turn Over
Particulars Sales Turnover
2008 361.25
2009 516.79
2010 516.76
2011 699.84
2012 1,079.43
1200 1000 800 600 400 200 0 2008 2009 2008 2009 2010 2010 2011 2011 2012
1,079.43
699.84
516.79
361.25
516.76
2012
Interpretation:
The above diagram explains about the Net sale of the company. it has increased from Rs. 516.76 Cr for the FY-2009-10 to Rs.699.84 for the FY-2010-11 indicating increase of 26% further, as per audited financial for the year 2011-12, the company achieved sale of Rs. 1079.43Cr Indicating an increase of 35%
5. Profit Before Depreciation Interest& Taxes (PBDIT)
Particulars PBDIT 2008 83.74 2009 152.69 2010 160.03 2011 225.37 2012 360.08
PBDIT
PBDIT 360.08
225.37 152.69 83.74 160.03
2008
2009
2010
2011
2012
Interpretation: The profit Before Depreciation Interest & Taxes of Allcaro logistics shows that in the year 2011 PBDIT was Rs 225.37Cr. In the FY-2012 increased by Rs.134.71Cr reach at Rs.360.08Cr the company earn good efficiency of performance in other words there is a upwards movement in the PBDIT Over the past financial years the company face the boom position due to that have various net work all over the world. The company operates its operation all over the world wide. That one of the reason they get more profit compare to its competitors.
6. Net Profit
Particulars Reported Net Profit 2008 59.78 2009 92.67 2010 97.81 2011 121.13 2012 184.07
200 180 160 140 120 100 80 60 40 20 0 Net Profit 2008 2009 2010 2011 2012
Interpretation: The net profit of the company had a very good performance over past five years. The company achieved Rs.184.07Cr Net Profit in FY-12
7. Earnings per share (Rs)
Earning Per Share (Rs)
Earning Per Share (Rs) 41.44 29.51
14.1 7.84 2008 2009 2010 9.28
2011
2012
Interpretation:
The above diagram explain about the EPS of Allcargo Logistics Ltd .The company had face value of Rs 10 in 2008 & 2009. Later it reduces their face value from Rs10 to Rs2. So that reason in FY12 stood at Rs14.1
Aegis Logistics Ltd History
Aegis Logistics Ltd. Year event 1956 - The Company was incorporated on 30th June, as a private limited company under the name and style of Atul Drug House, Ltd. In 1960, it was a deemed public limited company under Section 43A of the Companies Act, 1956. The Company's object is to manufacture formaldehyde, hexamine, Pentaerythritol, fatty alcohols and polyacetal resins. Aegis Logistics Ltd is a leader in Oil, Gas and Chemical Logistics. The company is engaged in providing logistic solutions for Oil, Gas, Chemicals and Petrochemical Industries. With their strategic locations and indispensable services, Aegis is a key supplier for total supply chain management services to major customers including Oil PSUs. The company presently has three operating port terminals, two in Mumbai and one in Kochi, as well as two state of the art gas terminals at Mumbai & Pipavav through which they handle annually over 2 million MT of Oil, Gas and Petroleum products as well as around 400,000 MT of LPG and Propane gas, the company installed their first plant for the manufacture of formaldehyde and hexamine at Kandla. In the year 1967, they installed another plant at Capi near Bulsar in Gujarat State for the manufacture of 14,400 tonnes of formaldehyde and 540 tonnes of hexamine per annum. In the year 1970, the company installed at Vapi a plant for the manufacture of Pentaerythritol formaldehyde with a capacity of 1,200 tonnes per annum with the technical know-how supplied by Joset Meissner of W.Germany. In September 14, 1976, the name of the company was changed to Atul Chemical Industries Ltd. Also, they became a public limited company. The name of the company was again changed from Atul Chemical Industries Ltd to Aegis Logistics Ltd. In the year 1999, the Petrochemicals Division was hived off to Perstorp Aegis Chemicals Ltd, (PACL) a joint venture company between the company and Perstorp AB, Netherlands. During the year 2007-08, as per the scheme of arrangement (SoA), Throughput Activity Undertaking of Hindustan Aegis LPG Ltd was de-merged and transferred to the company with effect from the appointed date, April 01, 2007.
During the year 2008-09, Tapi Finvest India Pvt Ltd was amalgamated with the company. During the year 2009-10, the company entered into a strategic alliance with Essar Oil Ltd which entails a reciprocal arrangement wherein both the companies would sell each other fuels through their retail outlets. In April 1, 2010, the company acquired 100% shareholding in Shell Gas (LPG) India Pvt Ltd. Consequently, SGLIPL became wholly owned subsidiary with effect from April 1, 2010. Also, the name of SCLIPL was changed to Aegis Gas (LPG) Pvt Ltd (AGPL). During the year 2010-11, the company was awarded the Operations & Maintenance (O&M) contract for the product storage and dispatch operations of Bharat Oman Refinery Ltd (BORL) at Bina in Madhya Pradesh signifying the Aegis expertise of the company in Liquid Logistic and Operations & Maintenance. Also, Aegis Gas (LPG) Pvt Ltd (AGPL), the wholly owned subsidiary of the company acquired 100% equity shares of Hindustan Aegis LPG Ltd (HAL PG), from its erstwhile shareholders. Consequently, HAL PG ceased to be an associate and became a wholly owned subsidiary of AGPL. In November 2010, the company entered into a major deal with APM Terminals Pipavav to avail on sub-lease close to 100 acres of land for building a global oil and petrochemicals storage complex. The company will invest up to Rs 400 crore ($90m) in building a 600,000 KL oil terminal complex in Port Pipavav. With the announcement of this project, the company's liquids capacity will rise from 300,000 KL to over 1 million KL. The company's strategy of building a 'necklace' of port terminals around India's coastline from Pipavav to Haldia to Kochi, inland oil terminals to service the national oil companies and developing a retail distribution network for the LPG business is proceeding at a steady pace.
Company vision statement “To provide total supply chain management for oil, gas and chemicals” Values ? They provide the most flexible, responsive and best quality service to their customer. ? They strive for the highest standards of integrity, hard work, professionalism and discipline. ? They strive to make a sustainable contribution to the welfare and need of the community and the society at large. ? They shall Endeavour to maximize value for their shareholders.
Balance Sheet of Aegis Logistics
Particulars Sources Of Funds Total Share Capital Equity Share Capital Share Application Money Preference Share Capital Reserves Networth Secured Loans Unsecured Loans Total Debt Total Liabilities 19.91 19.91 0.00 0.00 137.64 157.55 34.81 4.55 39.36 196.91 2008 Application Of Funds Gross Block Less: Accum. Depreciation Net Block Capital Work in Progress Investments Inventories Sundry Debtors Cash and Bank Balance Total Current Assets Loans and Advances Fixed Deposits Total CA, Loans & Advances Deffered Credit 205.02 79.62 125.40 0.99 21.23 11.63 38.76 2.68 53.07 51.30 19.72 124.09 0.00 208.99 88.79 120.20 6.57 53.59 4.95 21.63 3.34 29.92 46.17 28.44 104.53 0.00 220.44 98.12 122.32 12.84 42.42 9.34 20.51 11.27 41.12 89.78 16.65 147.55 0.00 240.83 108.63 132.20 1.15 94.53 8.79 20.76 12.95 42.50 64.04 57.36 163.90 0.00 245.83 118.16 127.67 15.69 120.27 8.23 31.41 10.76 50.40 81.14 62.99 194.53 0.00 16.44 16.44 3.35 0.00 154.91 174.70 25.21 4.73 29.94 204.64 2009 18.77 18.77 0.00 0.00 167.47 186.24 69.00 7.38 76.38 262.62 2010 33.40 33.40 0.00 0.00 230.93 264.33 57.23 6.62 63.85 328.18 2011 33.40 33.40 0.00 0.00 264.23 297.63 77.64 1.70 79.34 376.97 2012 ------------------- in Rs. Cr. ------------------2008 2009 2010 2011 2012
Current Liabilities Provisions Total CL & Provisions Net Current Assets Miscellaneous Expenses Total Assets
68.85 5.96 74.81 49.28 0.00 196.90
68.57 11.67 80.24 24.29 0.00 204.65
54.21 8.30 62.51 85.04 0.00 262.62
53.94 9.65 63.59 100.31 0.00 328.19
68.21 12.99 81.20 113.33 0.00 376.96
Financial highlights ? In the FY2009, the company had buy back total of 10,20,473 equity shares at price not exceeding Rs.143 per share through open market transactions for an aggregate amount of Rs. 3.47Cr consequently the issue and paid up equity shares capital of the company stands reduced to Rs. 16.44Cr. ? In the FY2010, the company had issued and allotted 12506710 equity shares at Rs.10 per share as bonus share in the proportions of two share for every existing 3 fully paid up shares so that reasons the company shares value stood at Rs.33.40 till current financial year 2012. ? The reserves and surplus of the company shows that a excellent performance over the past five years. In the FY2011 shows that abnormal growth up to 37.89% increased, in FY2012 the reserves and surplus could be stood at 14% in past five years the company shows 91% they retain their earnings for future expansions. ? The company spent their resources for buying more plant & equipments in FY12 spent up to Rs.464Crs and vehicles brought about 45.43Crs. but also intangible assets like computer software it acquires up to Rs. 81Crs. From this point of view, the company adopts new technologies ? Aegis logistics ltd?s investment parameters shows that there is a up down movements in FY2011 Rs 94.53Cr its was increased from 122% in the previous year. But in FY2012, the level could be increased up to 27% about Rs27.23Crs ? The level of sundry debtors value could be increased over the past five years in FY12 is shows that Rs.31.41Crs
?
Aegis company adopts just in time inventory concept in which they would not focus on inventories because all material in movements. So the inventory level continuously decreased
?
Aegis Company they deposit level could be increased over the past performance in this way the firm deposit their amount in banks for increase the current ratio position in the markets.
? ?
The firm lends loans and advances to their subsidiaries and other government deposit in FY12 they provide Rs.81.14Crs. The company short term borrowings could be increased still it stood at Rs.12.99Crs
Profit & Loss account of Aegis Logistics
Particulars Income Sales Turnover Excise Duty Net Sales Other Income Stock Adjustments Total Income Expenditure Raw Materials Power & Fuel Cost Employee Cost Other Manufacturing Expenses Selling and Admin Expenses Miscellaneous Expenses Preoperative Exp Capitalised Total Expenses Operating Profit PBDIT Interest PBDT Depreciation Other Written Off Profit Before Tax Extra-ordinary items PBT (Post Extra-ord Items) ------------------- in Rs. Cr. ------------------2008 2009 2010 2011 2012 373.88 0 373.88 1.92 0 375.8 268.96 4.27 13.55 5.75 18.34 1.74 0 312.61 2008 61.27 63.19 4.12 59.07 8.96 0 50.11 0.37 50.48 368.33 0 368.33 5.14 -6.66 366.81 270.22 4.52 16.72 6.7 14.72 1.7 0 314.58 2009 47.09 52.23 6.18 46.05 9.17 0 36.88 -0.24 36.64 284.67 0 284.67 8.8 4.9 298.37 175.69 4.05 21.14 9.89 18.42 2.04 0 231.23 2010 58.34 67.14 8.04 59.1 9.67 0 49.43 0.06 49.49 258.14 0 258.14 7.92 -2.6 263.46 144.47 5.03 22.38 5.81 18.06 2.47 0 198.22 2011 57.32 65.24 10.15 55.09 10.74 0 44.35 0.82 45.17 283.5 0 283.5 7.83 -0.29 291.04 160.06 5.41 25.58 6.44 18.53 4.83 0 220.85 2012 62.36 70.19 10.31 59.88 11.36 0.57 47.95 10.07 58.02
Tax Reported Net Profit Total Value Addition Preference Dividend Equity Dividend Corporate Dividend Tax Per share data (annualised) Shares in issue (lakhs) Earning Per Share (Rs) Equity Dividend (%) Book Value (Rs)
11.38 39.09 43.66 0 8.96 1.52 199.41 19.61 25 79.01
6.27 30.37 44.37 0 9.3 1.76 164.77 18.43 45 103.99
10.53 38.94 55.55 0 10.81 1.84 188.03 20.71 57.5 99.05
13.96 31.22 53.75 0 12.94 2.12 334 9.35 40 79.14
16.95 41.06 60.79 0 6.68 1.08 334 12.29 20 89.11
Financial highlights ? ? ? ? The company had a poor performance on net sales over the past four years. In FY12 that records slight growth in sales. Due to low production that one reason for reduction in decline in sales in past four years. During the year the company has registered income from operation of Rs. 62.36Crs.as compared to Rs. 57.32Crs. in FY2011. Profit before Depreciation Interest and Tax (PBDIT) has increased from Rs 4.95Cr. For the year ended March 31, 2011 to Rs.65.24 Cr. showing the increase of 7.5%. During FY2012, the company has recorded PBDIT of 7.5% of the income from operation as against 2% during FY2011. ? In the year 2008, the company performs Rs39.09Cr level of net profit in FY09 it was decreased of Rs. 8Crs then stood at Rs.30.37Crs. in the FY10 the level of profit could be increased 28%. Finally in the FY12 the company records the Rs41.06Crs. It was increased from 31% in the past FY11. ? ? The book value of the company shows that there is a fluctuation in over past financial years. Now it stand at Rs 89.00 EPS calculation made over the years indicate whether or not the firm?s earnings on per share basis has changed over the period under this case the company EPS shows that some variation over the past five financial years. In FY12, Aegis company EPS stood at Rs. 12.29 the face value is Rs 10 only
Key Financial Ratios of Aegis Logistics
Particulars Investment Valuation Ratios Face Value Dividend Per Share Operating Profit Per Share (Rs) Net Operating Profit Per Share (Rs) Free Reserves Per Share (Rs) Bonus in Equity Capital Profitability Ratios Operating Profit Margin(%) Profit Before Interest And Tax Margin(%) Gross Profit Margin(%) Cash Profit Margin(%) Adjusted Cash Margin(%) Net Profit Margin(%) Adjusted Net Profit Margin(%) Return On Capital Employed(%) Return On Net Worth(%) Adjusted Return on Net Worth(%) Return on Assets Excluding Revaluations Return on Assets Including Revaluations Return on Long Term Funds(%) Liquidity And Solvency Ratios Current Ratio Quick Ratio Debt Equity Ratio Long Term Debt Equity Ratio Debt Coverage Ratios Interest Cover Total Debt to Owners Fund Financial Charges Coverage Ratio Financial Charges Coverage Ratio Post Tax Management Efficiency Ratios Inventory Turnover Ratio Debtors Turnover Ratio Investments Turnover Ratio Fixed Assets Turnover Ratio Total Assets Turnover Ratio Asset Turnover Ratio Average Finished Goods Held Number of Days In Working Capital Profit & Loss Account Ratios 2008 10 2.5 30.72 187.5 65.21 4.11 16.38 13.9 13.98 12.76 12.76 10.39 10.39 27.7 24.81 24.78 79.01 79.01 27.7 1.66 1.5 0.25 0.25 30.99 0.25 15.41 12.66 41.06 11.76 41.06 1.83 1.9 1.83 10.25 47.46 2009 10 4.5 28.57 223.53 91.5 4.98 12.78 10.1 10.29 11.09 11.09 8.09 8.09 21.94 17.72 18.95 103.99 103.99 22.31 1.3 1.22 0.17 0.17 9.35 0.17 8.76 7.4 150.53 12.2 150.53 1.77 1.8 1.83 2.66 23.73 2010 10 5.75 31.02 151.4 85.36 4.36 20.49 16.73 17.09 15.79 15.79 13.38 13.38 20.88 20.9 19.47 99.05 99.05 22.14 1.59 2.18 0.41 0.33 13.04 0.41 8.02 7.05 38.76 13.51 38.76 1.29 1.09 1.22 10.91 107.55 2011 10 4 17.16 77.29 67.09 39.89 22.2 17.51 18.04 15.43 15.43 11.73 11.73 16.58 11.8 11.47 79.14 79.14 17.29 1.81 2.41 0.24 0.19 8.6 0.24 6.42 5.13 54.37 12.51 54.37 1.09 0.8 0.87 7.88 139.88 2012 10 2 18.67 84.88 76.31 39.89 21.99 17.34 17.99 15.5 15.5 13.96 13.96 16.15 13.79 11.3 89.11 89.11 18.06 1.21 2.28 0.27 0.13 8.41 0.27 7.07 6.14 63.59 10.87 63.59 1.17 0.76 0.8 6.74 143.92
Material Cost Composition Selling Distribution Cost Composition Expenses as Composition of Total Sales Cash Flow Indicator Ratios Dividend Payout Ratio Net Profit Dividend Payout Ratio Cash Profit Earning Retention Ratio Cash Earning Retention Ratio AdjustedCash Flow Times
71.93 1.67 0.3 26.81 21.81 73.16 78.17 0.82
73.36 1.39 0.28 36.41 27.96 65.95 73.45 0.72
61.71 1.8 0.31 32.46 26 65.15 72.49 1.66
55.96 1.88 0.6 48.24 35.89 50.36 63.34 1.55
56.45 1.9 0.46 18.9 14.65 76.93 82.97 1.74
Ratios analysis highlights:
? The gross profit ratio reflects the efficiency with which management produce each unit of product. This is explaining about the relative to sales after the deduction of production costs, and indicates the relation between production costs, and selling price. Under this case aegis record over the past financial years it shows good results it increase to 22% in FY12 ? Net profit margin ratio means a relationship between net profit and sales and indicates management?s efficiency in manufacturing, administering and selling products. In aegis company?s net profit margin indicate that some variations in past five years. In FY12 it stands at 13.96% it was increased from pervious financial years 11.73%. ? ? The current ratio of aegis?s company shows that there is constant position over the years. Number of days in working capital in the FY12 is increased because of the lot of completion in the markets. So the working capital cycle now in 144 days.
Company Financial Analysis 1. Reserves and surplus:
Particulars Reserves (In Cr) 2008 137.64 2009 154.91 2010 167.47 2011 230.93 2012 264.23
Table No.
Aegis's reserves
300.00 250.00 200.00 150.00 100.00 50.00 0.00 Reserves 2008 137.64 2009 154.91 2010 167.47 2011 230.93 2012 264.23
Interpretation
The above diagram explains about the reserves and surplus of Aegis logistics Ltd have Rs 137.64 Cr in the FY08 it was increased by 17.15Cr in the FY09. In FY12 the company records the 12.60% growth than the value of the reserves is Rs 264.23 Cr. Over the years the company have retain more sources so that reasons the investor can make invest in this company strongly because the company growth in upcoming years should be increase due to the Indian government give more importance for exports & imports. The company also utilize the fund for further expansion their business over the world wide from which they attain competitive position in the field.
2. Net worth
Particulars Networth (In Crs) 2008 157.55 2009 174.70 2010 186.24 2011 264.33 2012 297.63
Table No.
300.00 250.00 200.00 In Crs 150.00 100.00 50.00 0.00 Networth 2008 157.55
Networth
2009 174.70
2010 186.24
2011 264.33
2012 297.63
Interpretation
The above diagram explain about the net worth of aegis company in which the company perform over the years shows good results . Net worth includes share capital and reserve of the company. The company has good net worth in over the years. In the year 2010 the value of net worth was Rs 186.24Cr high in FY2011 up to Rs. 264.33Cr with 42% 12.6% could be increased from in the year 2011 it stood at Rs 297.63Cr It is clear that investors can invest their fund in this company so that way it will grow in future.
3. Net sales
Particulars Net Sales 2008 373.88 2009 368.33 2010 284.67 2011 258.14 2012 283.5
Table No.
Net Sales
2012 2011 2010 2009 2008 0 Net Sales 50 2008 373.88 100 150 200 2010 284.67 250 300 2011 258.14 350 2012 283.5 400
2009 368.33
Interpretation The above diagram explains about the net sales of the Aegis Company in
FY2008 it was records Rs. 373.88Crs. but in the FY2009 it comes down to Rs 368.33Crs. In the financial year 2010 the net sales was again reduced 83%. Later the company record good results in the FY12 is Rs 283.5 Cr in previous year was Rs 258.14cr Meanwhile the company have face lot of challenges because of change in govt policies in supply chain and the company target only gas and oil so that reason the sales could be variation over the past financial fiscals
4. Profit analysis
Particulars PBDIT PBDT Profit Before Tax Net Profit 2008 63.19 59.07 50.11 39.09 2009 52.23 46.05 36.88 30.37 2010 67.14 59.1 49.43 38.94 2011 65.24 55.09 44.35 31.22 2012 70.19 59.88 47.95 41.06
Table No.
80 60 40 20 0 PBDIT PBDT Profit Before Tax Net Profit
profit
2008 63.19 59.07 50.11 39.09
2009 52.23 46.05 36.88 30.37
2010 67.14 59.1 49.43 38.94
2011 65.24 55.09 44.35 31.22
2012 70.19 59.88 47.95 41.06
Interpretation
the above diagram explains about the profit of the Aegis company Ltd in the PBDIT, PBDT, PBT, Net Profit indicates some variation in the last five years. It explain about the poor efficiency of the firm because the company does not adopt constant strategy. As a researcher point of view, the company should be clearly defined its path in order to achieve the better performance.
5. Earning per Share (Rs)
Particulars Earning Per Share (Rs)
2008 19.61
2009 18.43
2010 20.71
2011 9.35
2012 12.29
Table No.
Earning Per Share (Rs)
25 20 15 12.29 10 5 0 2008 2009 2010 2011 2012 9.35 19.61 20.71 18.43 Earning Per Share (Rs)
Interpretation
The above diagram explains about the EPS of the Aegis Logistics Ltd in year 2008 it have Rs 19.61 it plunged to 20.71 in FY2010. Due to variation in the sales of the company that reflect in the EPS of the company So the upcoming years the company has to plan for expands their business over the nation so value of the company will be increased in future
6. Book value (In Rs)
Particulars Book Value (Rs) 2008 79.01 2009 103.99 Table No. 2010 99.05 2011 79.14 2012 89.11
Book Value (Rs)
2008 2009 2010 2011 2012
103.99 79.01
99.05 79.14
89.11
2008
2009
2010
2011
2012
Interpretation
The book value of the company share in FY12 stood at Rs. 89.11. but in FY2009 the company had Rs 104 because of they have more reserves later it utilize its fund for expand their operation. Arshiya International Ltd Arshiya International Ltd is a fast emerging end-to-end service and solution provider in logistics and supply chain management. The company is an amalgamation of several strategic verticals such as Free Trade Warehousing Zones, Rail, 3PL, 4PL, Trucking, Warehousing & IT enabling unparalleled operational expertise & solution capability across the entire supply chain spectrum. Arshiya is rapidly expanding their business capabilities through continuous internal development and aggressive acquisitions in complimentary space. Their headquarter is at Mumbai with offices spanning across India, Singapore, Australia, Dubai, Qatar, Oman and USA.
Arshiya International Ltd was incorporated in the year 1981 as IID Forgings Ltd. In the year 2006, the company name was changed into Arshhiya Technologies International Ltd and the name was further changed into Arshiya International Ltd with effect from September 28, 2007. In April 2006, the company acquired 100% of the share in two companies namely Cyberlog Technologies Pte Ltd, Singapore, a company engaged in the business of development and marketing of software products and Park Investments Ltd, Hongkong, a company engaged in the business of supply chain logistics. In January 2006, BDP (India) Pvt Ltd was amalgamated with the company. In october 2006, the company had a joint venture agreement with the BDP International Inc USA and Genco I Inc USA for foray into retail distribution activities. During the year 2007-08, the company incorporated Arshiya Logistics Infrastructure Ltd, Arshiya Western Logistic Infrastructure Ltd, Arshiya Distripark Ltd and Flat World Processes Ltd. Thus, they became the subsidiary of the company. The company is in the process of setting up a Free Trade Warehousing Zone, a special category SEZ at Sai Village in Raigad, Maharashtra with a project outlay of Rs 1200 crores. The company has made substantial acquistion of land for the Free Trade Warehousing Zone proposed at Uttar Pradesh and Nagpur at an estimated cost of Rs 1100 crore and Rs 900 crore respectively. The company incorporated a subsidiary namely Arshiya Rail Infrastructure Ltd for containerised rail operations services to the customer for both domestic and exim cargo movement across the the country. The company estimated the project outlay of Rs 1600 crore for the acquisition of 75 Rakes, break vans, building of rail siding and other necessary infrastructure across the country
FINANCIAL PERFORMANCE OF ARSHIYA INTERNATIONL
Balance Sheet of Arshiya International
Particulars Sources Of Funds Total Share Capital Equity Share Capital Share Application Money Reserves Networth Secured Loans Total Debt Total Liabilities Particulars Application Of Funds Gross Block Less: Accum. Depreciation Net Block Capital Work in Progress Inventories Sundry Debtors Cash and Bank Balance Total Current Assets Loans and Advances Fixed Deposits Total CA, Loans & Advances Current Liabilities Provisions Total CL & Provisions Net Current Assets Total Assets
------------------- in Rs. Cr. ------------------2008 2009 2010 2011 2012
11.4 11.4 2.34 445.23 458.97 0.33 0.33 459.3 2008
11.75 11.75 2.99 475.36 490.1 78.99 78.99 569.09 2009
11.75 11.75 1.18 483.91 496.84 306.41 359.41 856.25 2010
11.77 11.77 0.5 502.62 514.89 655.65 679.65 1,194.54 2011
11.77 11.77 0 540.81 552.58 1,006.53 1,139.03 1,691.61 2012
4.89 1.48 3.41 194.02 0 33.81 26.89 60.7 22.25 54.28 137.23 15.55 5.68 21.23 116 459.32
12.65 3 9.65 344.63 0 57.45 22.01 79.46 77.64 5.96 163.06 53.33 7.6 60.93 102.13 569.09
23.37 5.78 17.59 605.81 0 91.45 33.33 124.78 193.82 9.98 328.58 201.07 8.48 209.55 119.03 856.26
343.18 12.32 330.86 490.13 0 95.12 55.97 151.09 348.62 13.52 513.23 269.2 9.97 279.17 234.06 1,194.54
626.77 24.42 602.35 525.21 0 121.13 25.82 146.95 645.52 0 792.47 379.29 13 392.29 400.18 1,691.61
Financial highlights ? In the FY2011 the company increases their capital by way of issued as bonus share to its share holders. ? The reserve of the company shows that continuously increased over the past five years. In the FY12 company retains their funds to 7.06% in the previous year Rs 502.62Crs. so its value of the company could be increase in upcoming years hence an investor can invest their money in this company strongly ? The net worth of the company also increased due to wide area of operation could be carried over the world wide. Now the company has worth of Rs553Crs. ? During the year the company borrows short term funds from banks for the purpose of increase their working capital position of the firm. In FY12 company borrows Rs.1006Crs. against of FY11 Rs 655.65Crs ? In the FY2011 company brought freehold land, vehicles, plant and equipments with worth of Rs 330Crs. It is increased to Rs602 Cr in the financial years. From this denotes that the company have good value in market ? The company does not maintain any inventories over the last financial years ? The level of sundry debtors could be increased over the years in the FY12 records Rs 121 Cr in the previous year Rs 95Crs ? The company also lends loan and advances for its subsidiaries for the purpose of expand its operations ? The net current asset of the company increase over the past financial years currently the company hold the worth of the Rs 400Cr
Profit & Loss account of Arshiya International
------------------- in Rs. Cr. ------------------Particulars
2008 Income Sales Turnover Excise Duty Net Sales Other Income Stock Adjustments Total Income Expenditure Employee Cost Other Manufacturing Expenses Selling and Admin Expenses Miscellaneous Expenses Preoperative Exp Capitalised Total Expenses 5.84 173.35 6.24 2.45 0 187.88 2008 Operating Profit PBDIT Interest PBDT Depreciation Other Written Off Profit Before Tax Extra-ordinary items PBT (Post Extra-ord Items) Tax Reported Net Profit 14.03 19.38 0.72 18.66 0.64 0 18.02 -0.19 17.83 5.46 12.36 201.91 0 201.91 5.35 0 207.26
2009
2010
2011
2012
256.39 0 256.39 9.82 0 266.21
273.61 0 273.61 6.42 0 280.03
453.01 0 453.01 21.74 0 474.75
592.63 0 592.63 37.38 0 630.01
7.85 214.83 8.59 4.42 0 235.69 2009 20.7 30.52 0.82 29.7 1.56 0 28.14 0.14 28.28 9.79 18.49
15.79 222.91 9.14 3.61 0 251.45 2010 22.16 28.58 4.52 24.06 1.8 0 22.26 0.84 23.1 7.71 15.4
24.26 348.7 20.19 6.73 0 399.88 2011 53.13 74.87 31.56 43.31 6.96 0 36.35 0.1 36.45 11.52 24.93
36.63 386.8 0 40.55 0 463.98 2012 128.65 166.03 80.41 85.62 16.43 0 69.19 0 69.19 21.68 47.51
Total Value Addition Equity Dividend Corporate Dividend Tax Per share data (annualised) Shares in issue (lakhs) Earning Per Share (Rs) Equity Dividend (%) Book Value (Rs) ?
187.88 4.56 0.78
235.69 4.7 0.8
251.45 5.88 0.98
399.88 7.06 1.15
463.98 8.24 1.34
570.04 2.17 40 80.11
587.53 3.15 40 82.91
587.53 2.62 50 84.36
588.29 4.24 60 87.44
588.29 8.08 70 93.93
The company records a best sales performance over the past financial years. in the FY2008 the sales level was Rs201.Crs on the other hand the level of sales could be increased up to 21% it reach at Rs. 256Crs in the FY2009. Even though the company have good sales in the FY2012 it records Rs592Crs due to expand their business over the years.
? ?
The net income of the company also increased over the past financial years in the FY12 the current net income is stood at Rs630Crs In this accounting period the company borrows more funds from outsider it results in payment of the more interest to creditors. In the financial years the company pay Rs 80Crs but in the previous year Rs 31Crs
?
The above balance sheet explains about the tax could be paid by the company is high compare to previous years. In the FY12 the company pay Rs. 21 Cr. as tax to Indian govt
?
The Earning Per Share of the company increases over the financial years in year 2010 EPS was Rs2.64 but the next financial year 2011 the EPS could be increased to Rs 4.42 finally the value of EPS in the FY12 reach at Rs 8.08 because of the the company has more retains their earnings
?
In the year 2012 the company declares the 70% as dividend for the equity shareholders. But in FY08 they declared 40% only the face value of Rs 2 per share.
?
The book value of the share shows that continuous improvement over the years now the company?s book value is Rs 93 the original value of share?s face value is Rs 2 only
?
During the year under report / review, seven step down subsidiaries of the Company, viz. Arshiya Southern Domestic Distripark Ltd., Arshiya Eastern Domestic Distripark Ltd., Arshiya Western Domestic Distripark Ltd., Arshiya Central Domestic Distripark Ltd., Arshiya Exim Trading Ltd., Arshiya Eastern FTWZ Ltd., Arshiya Western FTWZ Ltd. have ceased to be step down subsidiaries of this Company.Further, another step-down subsidiary of your Company, Cyberlog Technologies Inc., USA has been dissolved
Particulars
2008 445.23 6.63 19.38 18.66 18.02 12.36 0 2.17
2009 475.36 7.46 30.52 29.7 28.14 18.49 0.16 3.15
2010 483.91 7.44 28.58 24.06 22.26 15.4 0.73 2.62
2011 502.62 10.19 74.87 43.31 36.35 24.93 1.32 4.24
2012 540.81 84.2 166.03 85.62 69.19 47.51 2.06 8.08
Reserves (Crs) Gross Profit Margin(%) PBDIT PBDT Profit Before Tax Net Profit Debt Equity Ratio Earnings Per Share
1. Reserves & Surplus
Reserves (Crs)
2008 2009 2010 2011 2012 540.81
445.23
475.36
483.91
502.62
2008
2009
2010
2011
2012
Inference
The above diagram explains about the reserve of the company it registered a constant performance over the financial years. In year 2010 the company allocate Rs 483.91 Cr it was grow to next Rs 502 Cr. Finally the company records Rs 541Cr of reserve and surplus they have it.
2. Gross Profit Margin
Gross Profit Margin(%)
90 80 70 60 50 40 30 20 10 0 2008 2009 2010 2011 2012 Gross Profit Margin(%)
Inference
The above graph explain about the Gross Profit margin of the company performance under which the company grow enormous growth in the FY12 It stands at 84% Due to increase in sales is one of the reason the company attain this position It indicate the good management efficiency of the company
3. Profit analysis
Chart Title
180 160 140 120 100 80 60 40 20 0 PBDIT PBDT Profit Before Tax Net Profit
2008 19.38 18.66 18.02 12.36
2009 30.52 29.7 28.14 18.49
2010 28.58 24.06 22.26 15.4
2011 74.87 43.31 36.35 24.93
2012 166.03 85.62 69.19 47.51
Inference
PBDIT of the company records excellent performance over the past five years, but the company brought more assets so that reason the depreciation could be paid high and also the company borrow more fund from bank it results in payment of more interest to that loans this is one of the reason the level of net profit could be come down. Even though company record good profit position over the past financial year
The reported net profit level now stood at Rs 47.51Crs it was increased from previous years.
4. Debt – Equity Ratio
Debt Equity Ratio
2.5 2 1.5 1 0.5 0 Debt Equity Ratio --
2009 0.16
2010 0.73
2011 1.32
2012 2.06
Interpretation
The above graph explains about the Debt- Equity ratio in the company from which the level of debt portion increased over the years. In the FY10 company borrow funds from external sources for expand their operation but in FY12 company borrows fund more than its capacity it indicate the ratio for 2012 is 1:2.06
5. Earning Per Share
Earnings Per Share
Earnings Per Share 8.08
4.24 3.15 2.17 2.62
2008
2009
2010
2011
2012
Interpretation
The above diagram explain about the EPS of the firm the company records continuous improvement in over the years. The current EPS have Rs 8.08 in FY12
Container Corporation of India Limited (CONCOR) Company profile
Container Corporation of India Limited (CONCOR) was set up in March of the year 1988 and commenced operation from November of the year 1989 taking over the existing network of 7 Inland Container Depots (ICDs) from the Indian Railways to profitably satisfy the customer's needs for high- quality, cost-effective logistics services. From its humble beginning, it is now an undisputed market leader having the largest network of 57 ICDs/CFSs in India offering scheduled and on demand rapid rail and road services between the hinderland and ports, and between major metros. In addition to providing inland transport by rail for containers, it has also expanded to cover management of Ports, air cargo complexes and establishing cold-chain. It has and will continue to play the role of promoting containerization of India by virtue of its modern rail wagon fleet, customer friendly commercial practices and extensively used Information Technology. The company developed multimodal logistics support for India's International and Domestic containerization and trade. CONCOR's core business is characterised by three distinct activities, that of a carrier, a terminal operator, and a warehouse operator. CONCOR had been certified to ISO/IEC 27001: 2005 standard for establishing and maintaining Information Security Management System (ISMS) for its IT functionality. CONCOR had commissioned seven container transfer/handling facilities during the year 1990. In addition to three ICDs at Ahmedabad, Pune & Hyderabad, two full-fledged Container Freight Stations (CFSs) were commissioned at Moradabad and Panipat as cargo consolidation and clearance centres with linkage to the OCD at New Delhi. The Company had commissioned Port Side Container Terminal (PSCT) at Todiarpet in March of the year 1991, situated in the vicinity of Chennai Harbor. A similar terminal was commissioned at Wadi Bunder in close proximity of Mumbai Port in April of the year 1991. In 1992-93, the company achieved the first ever movement of refrigerated cargo containers by rail. CONCOR had introduced this service to give a boost to export frozen and chilled products. CONCOR commissioned Inland Containers Depots at Tughalakabad in Delhi and Whitefield in Bangalore during the year 1993. In addition, the first phase of expansion and
upgradation of ICD a Tondiarpet in Chennai was commissioned and completed during the same period. During the year 1994, the company made a small footstep as a Multi modal transport operator and also as a consultancy organization for multi-modalism. The Government of India disinvested 20% of its equity shares in the company. A new CFS was commissioned in 1995 at New Mulund (Mumbai) and a new export warehouse of the company also started at ICD, Sabarmati. In the same year CONCOR obtained approval from World Bank to increase the quantity of wagons to be procured in the second Tranche from 750 to 1500. Scheduled reefer services between ICD Thughlakabad during the year 1996 and also in the same period the Muboni Port was introduced. The new ICDs were commissioned at Agra in November of the year 1996, linked with ports directly by road ICD Tughlakabad by rail and another ICDs were commissioned at Nagpur in January of the year1997, a rail linked with the twin ports of Mumbai and SNPT. In January of the year 1997, the 'CONTRACK' services were launched by the company offering movement of piecemeal domestic cargo in containers through specialized, scheduled and reliable container-rail services. Two new ICDs of the company were commissioned, one at Moradabad in February of the year 1998 and the other at Malanpur/Gwalior in June of the year 1998. Second bonded warehouse was commissioned at ICD/Whitefield. The Company had launched a daily service between Chennai port and Whitefield ICD, Bangalore in the year 1999. During the year 2000, CONCOR had fashioned a separate domestic division to give a major heighten to the company's growing interest in domestic container movement. The Company had introduced an express parcel service vans between Chennai and Delhi. Private sector warehousing company, Continental Warehousing Corporation had entered into a strategic alliance with CONCOR in the identical year 2000 for handling domestic cargo. The Company had launched a fixed-day fixed-time weekly freight service between Shalimar (Howrah)& Mumbai and Shalimar & Ahmedabad with transshipment at Nagpur during the year 2001. CONCOR had introduced Asia's biggest ICD at Dadri in the year 2003. In the same year the company made a tie up with Kolkata Port Trust to provide services to shippers to transport containers using sea rail-mode between Nepal and Kolkata Dock Systems (KDS). During the year 2004, CONCOR inked pact with Transworld to set up CFS at Dadri, forged alliance with APL for box freight station at Dadri complex and also inked pact with APEDA for
movement of perishable goods. A joint venture for Management and operations of Rail Container Terminal in Birgunj (Nepal) was also finalized in form of M/s Himalayan Terminals and its was commissioned during July of the year 2004. During the year 2004-05, the company had commissioned four Rubber Tyred Gantry Cranes (RTG's), two at ICD/Dadri and other two at ICD/ Dandharikalan (Ludhiana). Gateway Terminal India (Pvt) Ltd, a joint venture company of Maersk and the company formed an arm for the construction of 3rd container terminal at JN Port, it was commenced construction work during the year 2005-06. CONCOR & GDL had collectively signed agreement during the year 2005 for providing train services to transport EXIM container traffic. The Company had inked a MoU with Baxi Group in the year 2006. During October of the year 2007, CONCOR develop an inland container depot (ICD) at Baddi in Himachal Pradesh to facilitate the exporters of the Baddi-BarotiwalaNalagarh region. It will help industrialists of the region in saving the freight charges. The Company has diversified into back-end retail in January of the year 2008 and is in close final negotiation with Bharti-Wal-Mart to procure and supply fruit to the retailer. CONCOR will add eight new rail-linked inland container depots (ICDs) with an investment of Rs 3.2 billion by the end of next fiscal. The Company will have 65 depots, up from 57 at present. The new depots were announced at Railway Budget 2008. The Company is expanding the presence of the company in all the segments of the transport value chain in the Exim as well as Domestic segment. Possibilities are to be explored for strategic alliances, both for optimal utilization of infrastructure as well as expansion into other segments of the value chain.
Company History - Container Corpor
1988 - The Company was incorporated in March under the Companies Act, 1956, was constituted as an autonomous Public Sector Undertaking under the Ministry of Railways with the objective of serving as catalyst for promoting containerisation and to give a boost to India's International trade and commerce by organising multi-modal logistics support. - The Main Object of the Company is to promote containerisation and to give a boost to Indian International trade and commence by organising multi-model to logistic support. - The Company carries on the business of providing Containersied Transport by organising multi-modal logistics support. It operates Inland Container Deports (ICDs) which provide single window facility in co-ordination with Railways, Customs, Sea Ports, Shipping Lines, Road
hauliers, Banks, etc. to deal with transport logistics of imports and exports. The Company also organises rail/road transport for domestic containers and provides consultancy in the field of multi-modal transport. - The Company extended operations in the field of domestic traffic also. The potential for growth in both export-import movement and domestic movement is immense and CONCOR's strategy is aimed at capturing a sizeable portion of this maket. - With a view to improving quality of service, CONCOR has already entered into agreement with Railways for schedule running of export-import trains on guaranteed transit times. - The Company is market oriented in its approach, offering multimodal packages to customers and taking steps to ensure speedy and safe delivery of cargo. 1990- CONCOR commissioned seven container transfer/handling facilities during the year. In addition to three ICDs at Ahmedabad, Pune & Hyderabad, two full fledged Container Freight Stations (CFSs) were commissioned at Moradabad and Panipat as cargo consolidation and clearance centres with linkage to the OCD at New Delhi. - CONCOR has pioneered an important concept of Port Side Container Terminal (PSCT): the one at Todiarpet commissioned in March 1991, is situated in the vicinity of Chennai Harbour. A similar terminal was commissioned at Wadi Bunder in close proximity of Mumbai Port in April 1991. 1991- CONCOR commissioned the PSCT (Port Side Container Terminal) at Wadibunder (by the side of Mumbai Port), Domestic Container Terminals at Shalimar in Calcutta and Soft Coke Siding. - Tughlakabad at Delhi as well as a CFS at Mullund, which incidentally is its first joint venture with the Indira Rashtriya Kamgar Co-operative Society in Mumbai. - 3,29,913 No. of equity issued to Indian Railways. 1992- Under MOU signed with the Ministry of Railways, container handling target has been set at 1,35,000 TEUs against 94,000 TEUs in 1991-92. - 16,600 No. of equity shares issued, subscribed and paid up by Indian Railways. 1993- CONCOR commissioned Inland Containers Depots at Tughalakabad in Delhi and Whitefield in Bangalore. In addition, first phase of expansion and upgradation of ICD at Tondiarpet in Chennai was commissioned and completed. - 3,03,400 No. of equity shares issued, subscribed and paid up by Indian Railways.
1994 - During the year a small beginning was made as a Multi modal transport operator and also as a consultancy organization for multi-modalism. - The Government of India disinvested 20% of its equity shares of CONCOR viz. 129,97,200 at a verage weighted price of Rs 76.71 per share. 1995- A new CFS was commissioned at New Mulund (Mumbai), and a new export warehouse at ICD, Sabarmati. - Approval of World Bank was obtained to increase the quantity of wagons to be procured in the second Tranche from 750 to 1500. 1996- Scheduled reefer services between ICD Thughlakabad and Muboni Port was also introduced. Clearance of ODC consignments by road between ICD Thughlakabad to the Gateway Port was started during the year. - Two new ICDs were commissioned one each at Agra on 19.11.1996 at Nagpur on 7.1.1997. ICD at Nagpur is rail linked with the twin ports of Mumbai and SNPT and Agra is linked with ports directly by road ICD Tughlakabad by rail. 1997- Bonded work "Contract" a nominated day service linking important commercial and industrial centres of the country was launched in the domestic segments in January. - Two new ICDs were commissioned one at Moradabad on 23rd February 1998 and the other at Malanpur/Gwalior on 25th June 1998. Second bonded warehouse was commissioned at ICD/Whitefield. - The Concor has been set up to bridge the gap between rail transport and road transport for harnessing the gains of containerisation and attracting non bulk general goods road traffic to rail. - CCI is the only company in the country which manufactures 230 KV cables for which it has a technical collaboration with Mitsubishi of Japan. - The Cable Corporation of India (CCI), commissioned its new plant at Nasik on March 27, with a capacity of 10,000 ckm as scheduled. 1998- Disinvestment commission chairman G.V. Ramakrishna has criticised the government for mismanaging disinvestment process in public sector Container Corporation of India (Concor). - The disinvestment of shares in Container Corporation of India (Concor) is significant as this is the Government's first domestic offering in nearly three years. - Credit rating Information Services of India (Crisil) has downgraded the `A+' rating assigned to the Rs. 31.50 crore non- convertible debenture issue of Cable Corporation of India Ltd (CCIL) to `A-'.
1999- The Container Corporation of India (Concor) will shortly launch a daily service between Chennai port and Whitefield ICD, Bangalore. 1999- The company has introduced a voluntary retirement scheme (VRS) for its 700-odd employees at its Borivali unit. - The non-convertible debenture issue of Cable Corporation of India worth Rs. 315 crores has been downgraded from `BB+' to `C' by Credit Rating Information Services of India Ltd (Crisil). 2000- The Company has created a separate domestic division to give a major boost to the company's growing interest in domestic container movement. - Container Corporation of India has introduced an express parcel service vans between Chennai and Delhi with effect from August 1. - India's largest private sector warehousing company, Continental Warehousing Corporation has entered into a strategic alliance with leading public sector undertaking Container Corporation of Inida for handling domestic cargo. - The Company appointed Mr. R. C. Dubey and Mr. P. C. Jha as directors. - Container Corporation of India Ltd. has opened the first hub point in South India for less than container load cargoes at its Tiruvottiyur container freight station. 2001- The Container Corporation of India (Concor) has launched a fixed-day fixed-time weekly freight service between Shalimar (Howrah) and Mumbai and Shalimar and Ahmedabad with transhipment at Nagpur - Container Corporation of India Ltd has paid a dividend of Rs 27.4 crore for 2000-01 to the Indian Railways. - Container Corporation of India Ltd has informed BSE that the Government of India, Ministry of Railways, Railway Board has appointed Shri P.G.Thyagarajan, and Shri Rakesh Mehrotra as Director (IM&O) and Director (P & S) respectively w.e.f. December 12, 2001. 2002- Container Corporation of India has informed the Exchange about the new address of the company: Container Corporation of India Ltd., 2nd floor, Le-Meridien Commercial Tower, Raisina Road, New Delhi-110001. -Shri.M.C. Srivastava Member Traffic/Railway Board has been appointed as part time chairman in the place of Shri.R.K.Thoopal. -Mr.R.K.Narang, Dr.P.S.Sarma and Mr.M.R. Dixit are appointed on the board of the company as part time Non-official Directors. -Ministry of Railways has extended the term of Mr.Birkhe Ram beyong June 2002.
2003-K.K.Agarwal has been appointed as part time chairman of CONCOR. -Concor, the sole provider of containerised goods transport unveiled Asia'a biggest inland container depot( ICD) at Dadri. -Kolkota Port trust has tied up with Concor to provide services to shippers to transport containes using sea rail-mode between Nepal and Kolkota Dock Systems(KDS). -Concor recommences its wagon movement from northern India's largest container depot at Tuglaquabad in Delhi to Jawahar lal Port Trust in Mumbai. -Pradeep Bhatnagar appointed as Part-time Govt Director. -Shri Birkhe Ram, Director (Finance)/ CONCOR has ceased to hold the directorship on account of his superannuation on November 30, 2003. -Ministry of Railways has communicated the appointment of Pradeep Bhatnagar Railway Board as Part-time Govt Director wef September 22, 2003 vice Shri Prakash, the then Part-time Govt Director. 2004-Maersk-Concor bags 3rd JNPT terminal project - Concor inks pact with Transworld to set up CFS at Dadri -Concor forges alliance with APL for box freight station at Dadri complex -Concor inks pact with Apeda for movement of perishable goods 2005-Concor rolls out telescopic tariffs for bonded trucking cargoes -CONCOR & GDL signs agreement for providing train services to transport EXIM container traffic -Concor to launch new road based cargo service from Coimbatore 2006-Concor inks MoU with Baxi Group -Corporation of India (Concor) has tied up with Japanese shipping giant NYK and is working on a detailed business plan for the end-to-end auto transportation solutions project. -Concor to begin barge service between KDS, Narayangunge port 2008-The Company has issued Bonus Shares in the Ratio of 1:1.
Balance Sheet of Container Corporation of India
------------------- in Rs. Cr. ------------------Particulars Sources Of Funds Total Share Capital Equity Share Capital Reserves Networth Total Liabilities 64.99 64.99 3,118.93 3,183.92 3,183.92 Mar '08 Application Of Funds Gross Block Less: Accum. Depreciation Net Block Capital Work in Progress Investments Inventories Sundry Debtors Cash and Bank Balance Total Current Assets Loans and Advances Fixed Deposits Total CA, Loans & Advances Current Liabilities Provisions Total CL & Provisions Net Current Assets Total Assets 2,244.24 579.09 1,665.15 172.08 155.36 4.81 13.73 64.47 83.01 373.07 1,457.03 1,913.11 599.05 122.73 721.78 1,191.33 3,183.92 2,617.57 691.98 1,925.59 269.07 203.08 5.08 15.72 58.77 79.57 403.94 1,704.74 2,188.25 684.24 139.54 823.78 1,364.47 3,762.21 2,965.48 825 2,140.48 222.44 240.54 6.99 17.64 49.44 74.07 571.56 1,940.07 2,585.70 707.79 144.97 852.76 1,732.94 4,336.40 3,266.11 959.13 2,306.98 339.18 243.96 6.26 17.27 56.34 79.87 561.77 2,239.34 2,880.98 639.22 154.07 793.29 2,087.69 4,977.81 3,472.61 1,078.86 2,393.75 115.12 293.1 8.17 19.59 2,761.50 2,789.26 906.35 0 3,695.61 714.37 176.78 891.15 2,804.46 5,606.43 129.98 129.98 3,632.23 3,762.21 3,762.21 Mar '09 129.98 129.98 4,206.42 4,336.40 4,336.40 Mar '10 129.98 129.98 4,847.83 4,977.81 4,977.81 Mar '11 129.98 129.98 5,476.45 5,606.43 5,606.43 Mar '12 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12
Financial Highlights ? In the year 2009 the company was raised share capital from Rs 64.99 Crs to Rs
129.98 Crs
? The company retain more reserve and surplus over the years, in the FY2011 the
company have the worth of Rs
Profit & Loss account of Container Corporation of India
------------------- in Rs. Cr. ------------------Mar '08 Income Sales Turnover Excise Duty Net Sales Other Income Total Income Expenditure Raw Materials Power & Fuel Cost Employee Cost Other Manuf.Expenses Selling and Admin Expenses Miscellaneous Expenses Preoperative Exp Capitalised Total Expenses 1.71 0 54.82 2.14 0 80.39 2.29 14.99 83.61 2.67 14.03 86.9 5.04 28.05 99.91 78.86 0 3,347.30 3,417.16 3,705.68 3,828.12 4,060.95 0 0 0 0 0 Mar '09 Mar '10 Mar '11 Mar '12
3,347.30 3,417.16 3,705.68 3,828.12 4,060.95 158.72 203.57 164.07 173.45 316.54
3,506.02 3,620.73 3,869.75 4,001.57 4,377.49
2,294.12 2,254.00 2,506.32 2,598.32 62.42 43.5 0 95.96 53.55 0 94.7 41.8 0 75.43
48.08 2,825.36 0 0
2,456.57 2,486.04 2,743.71 2,825.43 3,037.22 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12
Operating Profit PBDIT Interest PBDT Depreciation Other Written Off
890.73
931.12
961.97 1,002.69 1,023.73
1,049.45 1,134.69 1,126.04 1,176.14 1,340.27 0.24 0.06 0.09 0.3 0
1,049.21 1,134.63 1,125.95 1,175.84 1,340.27 106.34 0 115.91 0 135.1 0 145.23 0 158.49 0
Profit Before Tax Extra-ordinary items PBT (Post Extra-ord Items) Tax Reported Net Profit Total Value Addition Equity Dividend Corporate Dividend Tax Per share data (annualised) Shares in issue (lakhs) Earning Per Share (Rs) Equity Dividend (%) Book Value (Rs)
942.87 1,018.72 7.38 7.21
990.85 1,030.61 1,181.78 15.76 25.11 -52.16
950.25 1,025.93 1,006.61 1,055.72 1,129.62 197.98 752.21 234.73 791.2 219.92 786.69 179.77 875.95 251.74 877.88
2,454.86 2,483.90 2,741.42 2,822.76 3,032.18 168.98 28.72 181.98 30.93 181.98 30.52 201.48 33.06 249.26 0
649.91 1,299.83 1,299.83 1,299.83 1,299.83 115.74 260 489.9 60.87 140 289.44 60.52 140 333.61 67.39 155 382.96 67.54 165 431.32
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