The Shipping Corporation Of India Ltd.

TRANSPORTING GOODS. TRANSFORMING LIVES.

1
About SCI (Navratna company under MoS)

•Incorporated on 02.10.1961.
• Authorised Share Capital: Rs. 1000 Crores
• Paid up Share Capital: Rs. 465 Crores. GoI shareholding: 63.75%
• Presently owns 69 vessels, total 5.85 million dead weight tonnage (dwt),
manages another 53 vessels.
• SCI’s fleet – 37% of Indian tonnage (dwt)
• Listed company since 1992 (BSE & NSE).
• Navratna status on 01.08.2008 by GoI.
• Net Profit since inception is about Rs 9500 Crores.
• Dividend paid since inception is about Rs 2800 Crores.
• Most diversified Indian shipping company.
2
 The Company Structure
BOARD OF DIRECTORS

CHAIRMAN AND MANAGING DIRECTOR

LINER & BULK CARRIERS TECHNICAL

PERSONNEL &
PASSENGER & & OFFSHORE FINANCE VIGILANCE
ADMINISTRATION
SERVICES TANKERS SERVICES

Information Public Purchase & Maritime Training

Relations Services Institutes
Technology

Planning ISM & ISPS Board

& MIS Cell Sectt.

3 Profit centres 2 Service centres

 Composition of the Board of Directors
Sr. No. Name DESIGNATION

1 CAPT. ANOOP KUMAR SHARMA CHAIRMAN & MANAGING DIRECTOR

1 CAPT. B. B. SINHA
DIRECTOR (Personnel & Administration)

2 CAPT. S. NARULA DIRECTOR (Liner & Passenger Services)

3 CAPT. K .DEVADAS DIRECTOR (Technical & Offshore Services)

4 SMT. H. K. JOSHI DIRECTOR (Finance)

5 SHRI S. V. KHER DIRECTOR (Bulk Carriers & Tankers)

6 SHRI ARUN BALAKRISHNAN NON EXECUTIVE DIRECTORS (PART TIME

INDEPENDENT)

7 SHRI SUKAMAL CHANDRA BASU

8 SHRI SANJEEV RANJAN NON EXECUTIVE DIRECTORS (PART TIME-

EX-OFFICIO)
9 SHRI BARUN MITRA
Key Milestones of last 55 years
• 2009 - Largest Ship in the Indian Registry – VLCC of 321,137 DWT
• 2009 – Management of LNG carriers
• 2010 – Divestment by GoI & Fresh Equity Issue by SCI
• 2014- Indo-Myanmar Service Launched
• 2015- Fifth VLCC acquired 2008
• 2016- Formation of Inland Waterways Subsidiary
• 2004 - Diversification into LNG Transportation through joint venture 2009 - 2015
• 2005 - Acquired VLCC of 316,000 DWT, largest ship in India's registry
1994 • Bonus Issue in 1:2 ratio
• Conferred the status
2001 - 2005 of "Navratna"
Acquired Cellular Vessels

1992 Second Divestment of 1.37%

Diversification in Chemical Tankers and Cryogenic Operations 1993

1990-91 • First Disinvestment of 18.51%

• 1984 - Diversification in Offshore Supply Vessels • Listed on BSE, NSE, CSE, DSE, and the MSE
• 1988 - Setting up of Maritime Training Institute 1991

1975 Signed First Memorandum of Understanding with

Diversification in
Crude Oil
Govt. of India Specifying Performance And
Transportation 1984-1988 Operational Targets

1950 -61 • 1st Indian Very Large Crude Carrier (VLCC) Acquired By SCI
• Pioneered lighterage operations of ship to ship transfer of oil in India
1964

• 1950 - incorporation of Company as Eastern Shipping Company Limited

• 1961 - change of name of the Company from Eastern Shipping Company Limited to Shipping Corporation of India Limited
 FLEET PROFILE
Presently owns 69 vessels, total 5.89 million dead weight tonnage (dwt),
constituting 37% of Indian tonnage

Liner Dry bulk Crude oil Product Gas Pax OSVs Total
vessels carriers tankers tankers carriers vessels

Nos. 5 16 21 14 2 1 10 69

DWT 202413 1068088 3608001 908059 35202 5140 23502 5850405

SCI also undertakes operational and maintenance management (O&M) of 53 vessels including those on behalf of
various government departments and organizations eg. A&N Administration, Geological Survey of India, National
Institute of Oceanography, etc
PROFILE OF BUSINESS
REVENUE AND PROFITABILITY FLEET SEGMENT -WISE
Bulk carriers & Tankers Liner and Passenger vessels
1,000

800 Rs in Crores

600

400 Liner 2014-15

200 Liner 2015-16

-
Revenue Profitability(Before
Interest & Tax)
-200

-400

Offshore vessels
400

350 Rs in Crores
300
250
200 T&OS 2014-15

150
T&OS 2015-16
100
50

0
Revenue Profitability(Before
Interest & Tax)
 Performance of SCI during the last few years
Operating
Tonnage expenses
No. of Total turn Interest Profit after PAT before
In Rs Crores (million (including Depreciation Net Worth
Ships over expense Tax Dep.
dwt) other
expenses)

2015-16 5.89 69 4277 3693 580 161 377** 957 6910

2014-15 5.89 69 4588 3362 770 179 201 971 6534

2013-14 5.85 73 4539 3697 856 208 -275 581 6340

2012-13 5.91 80 4496 3942 760 162 -114 646 6616

2011-12 5.57 76 4500 3844 608 90 -428 180 6734

2010-11 5.73 79 4020 2831 465 67 567 1032 7168

2009-10 5.14 76 3896 2987 380 52 377 757 6337

2008-09 5.13 80 4565 3082 324 65 941 1265 6209

**Rs. 389 crores (consolidated) PAT - For FY 16-17, HALF YEAR : RS. 36 cr.
Financial status

• Loan as on 30.09.2016 : Rs. 5510 crores

• Average cost of debt : 2.18% (mostly ECBs)
• Average debt servicing per annum till 2018 :
• Rs. 1500 crores.
• Consolidated Profit After Tax (PAT) for FY15-16: Rs. 389 crores.
• For FY 16-17,Q1 : Rs 56 Cr & Q2 : Rs (20) Cr. Half Year : Rs.36
Cr.
• Default on DSCR & other financial covenants due to inadequate
Cash / Profits.
 FY 14-15 Vs FY 15-16

Operating Revenues (in crores) PAT (in crores)

RATIOS
 Key market indices
Yearly Avg BDI
9000 AFRA Scale Suezmax
8000 140
7000 120
6000
100
5000
80
4000
60
3000
2000 40
1000 20
0 0
2007- 2008- 2009- 2010- 2011- 2012- 2013- 2014- 2015- 2016- 2007- 2008- 2009- 2010- 2011- 2012- 2013- 2014- 2015- 2016-
08 09 10 11 12 13 14 15 16 17* 08 09 10 11 12 13 14 15 16 17*
Yearly Avg BDI 7768 4896 2978 2346 1426 902 1356 916 649 781 AFRA Scale Suezmax 95.96 123.3 60.67 76.23 67.01 56.51 51.69 59.74 73.54 62.26
 SCI performance vis a vis key market indices

Trend of Performance of SCI Rs.in crores

6000
5000
4000
3000
2000
1000
0
6
months
2008- 2009-1 2010-1 2011-1 2012- 2013- 2014- 2015-
ended
09 0 1 2 13 14 15 16
30.09.1
6
PAT 941 378 567 -428 -114 -275 201 377 36
Total Turnover 4565 3896 4020 4500 4496 4539 4588 4277 1583

Share Price as on 27.01.2017:

NSE: 67.10
BSE: 67.00
SHAREHOLDING PATTERN
CAPEX Plan envisaged in 2016-17
Price / Expected
vsl to be
No of
Particulars Outlay I.R. EBR utilized
vsls
US$ mill ( Rs
(Rs. Crores) Crores)

Acquisition Projects:
1. Secondhand OSVs (proposed for DRDO) 2 16.00 217.60 87.04 130.56 193.8
2. Secondhand Suezmax tankers (7-11 yrs old) 1 42.00 285.60 114.24 171.36 204

3. Secondhand VLGC size LPG tanker

(10-15 yrs old) 1 48.00 326.40 130.56 195.84
4. Secondhand/Resale 80 T AHTSV 1 12.00 81.60 32.64 48.96
Sub Total 911.20 364.48 546.72

B. Joint Venture
Investments in LNG JV no. 4 6.7 45.56 45.56 0.00 45.56

Payment to IHSC against MT Desh Shobha vessel from

49.3
FPO ( 1st installment will be in this fiscal)

*Exchange: Rs.68/US$ Total 956.76 410.04 546.72 492.66

15
 Joint Ventures
Name of JV Equity Country of Equity Loan
Shareholding Incorporation Contribution Contribution
of SCI of SCI (in US$)
India LNG Transport 29.08% Malta US$ 6397.60 US$ 13.67 million
Company No.1 Ltd.
India LNG Transport 29.08% Malta US$ 6397.60 US$ 12.87 million
Company No.2 Ltd.
India LNG Transport 26% Malta US$ 2600 US$ 16.26 million
Company No.3 Ltd.
India LNG Transport 26% Singapore US$ 1000 US$ 12.22million
Company No.4 Ltd. (US $ 2.1mn paid)
Irano Hind Shipping 49% Iran US $ 490000
Company
Sethusamudram 6.7% India Rs 50 crores
Business Initiatives

• Formation of wholly owned subsidiary to undertake InIand Waterway

transportation on NW-1, NW-2 & NW-5. The company “Inland & Coastal
Shipping Limited” formed on 29.09.2016 in Kolkata. Plan to firm up Business
plan to start shipping service.
• Tie-up with GAIL for LNG transportation from USA to India. Post fixture
Management of GAIL’s in-chartered LNG tankers and In-chartering of LNG
tankers for short-term i.e. period of 1-3 yrs.
• Signing of MOU with ONGC & Indian Navy on long-term basis.
• Reduction in cost of finance for CAPEX 2016-17
• Focus on coastal container shipping. Weekly services on West & East Coast
of India with M/s Shreyas
 Strategic Importance of SCI
•Merchant marine is considered as second line of defence for any country

•For energy security, national carrier like SCI, is of strategic importance

• In war & war like situations, SCI’s role of paramount importance

• SCI played active part during Uganda & East Africa (Idi Amin era) and Libya
crises, Gulf war, IPKF and Operation Rahat reently

• Natural calamities eg. Bhuj earthquake, SCI deployed its vessels for relief
operations
Importance……

• Transportation of strategic defense & radioactive cargo

• SCI carries almost 100% of crude oil on coast for PSU refineries on their tankers

• Presently SCI carries about 50% of crude imports by carried by Indian ships

• SCI pioneer in ship to ship transfer of oil at sea

• SCI is the only shipping company operating and managing LNG vessels in India

• Consistent profit making Company during its existence of 55 years except for 5
years

• SCI has always supported “Make in India” Scheme by placing regular orders with
various Indian Shipyards (both public and private)

• A responsible Corporate Citizen Discharging its Social Responsibilities,

participated in Swatchh Vidyalaya and Swachh Bharat activities.