Beruflich Dokumente
Kultur Dokumente
CORPORATE DOSSIER
TABLE OF CONTENTS Corporate Overview o Business Understanding Overview Business verticals Presence worldwide mapped Infrastructural Strength Number of employees Overall sales and revenue figures etc. Milestones of the company Business Unit Specific Pages o Name of the Business o Business portfolio o Contribution to sales o No of employees in the unit o Clients o Future plans 3 6 1
A L L C A R G O G LO B A L LO G I S T I C S L I M I T E D
CORPORATE DOSSIER
1
CORPORATE OVERVIEW
Allcargo Global Logistics Ltd. is Indias first multinational company providing integrated logistics services and the second largest LCL consolidator globally. Allcargo is one of Indias largest publicly owned logistics company and is listed on the Bombay Stock Exchange and the National Stock Exchange of India Global Footprints: Allcargo has global presence with operations spread over 59 countries covering more than 5000 port pairs Business Verticals: The company offers specialized logistics services across o Multimodal Transport Operations
Owning Common Carrier) and FCL (Full Container Load) cargo o Container Freight Station Operations Container Freight Stations Inland Container Depots 3PL (Third Party Logistics) o Project and Engineering Solutions Project Logistics Engineering Solutions Leadership: Promoted by Mr. Shashi Kiran Shetty and managed by experienced industry professionals.
TABLE OF CONTENTS
A L L C A R G O G LO B A L LO G I S T I C S L I M I T E D
CORPORATE DOSSIER
Global LCL (Less Than Container Load) Consolidation Services / NVOCC (Non Vessel
2
CORPORATE OVERVIEW Employee Strength:
HCL Total, 383
Turnover & Growth Figures: The consolidated CY 2009 turnover of the company was Rs. ~ 2061 with a consolidated net profit Rs ~ 141 crores. Aspirations are for the company to cross billion dollar turnover by 2014. The company achieved an EBITDA CAGR of 31% for three year period CY06-CY09. Investors: The Company has demonstrated superior performance, significant growth prospects in the past years, thereby attracting quality investors like - The Blackstone Group and New Vernon Capital, two of the worlds leading private equity firms which have holdings of 14.99% and 6.42% respectively in Allcargo. Overall sales and revenue figures have shown an increasing trend.
4 QE-Dec-10 704 53 59 42
Consolidated Financial Performance 4 QE-Dec-09 Y-o-Y Change (%) CY 2010 559 26% 2,633 22 135% 202 23 157% 228 18 134% 171
TABLE OF CONTENTS
A L L C A R G O G LO B A L LO G I S T I C S L I M I T E D
CORPORATE DOSSIER
3
MILESTONES OF THE COMPANY
2010: Business expansion Acquisition of Hong Kong based entities: Allcargo acquired business rights and controlling stake in two Hong Kong based companies engaged in NVOCC business in China and other parts of eastern regions. The acquisition would strengthen the company's profitability stream (EBITDA) by adding approximately USD 3.53 million p.a. Network Expansion: Through local acquisitions achieved controlling stakes in UK, Qingdao (PRC), Sri Lanka, and Indonesia operations. The Company also completed minority interests acquisition in Hong Kong and Argentina. The U.K. acquisition strengthened our ECU Line network by servicing tradlanes of UK and USA and UK and Rest of Europe. Capacity Expansion: Augmented capacity at Chennai and Mundra CFSs to 120,000 TEU p.a. and 77,000 TEU p.a. respectively. Ship Owning: The company has acquired two vessels of the capacity of approximately 6,500 dead weight ton each. This will help the Company to save ship chartering charges on project cargo movements and capitalize on coastal cargo movement business. Fund Raising: In April, 2010, the Company successfully raised USD 23.54 million (~Rs. 104.65 crore) through QIP (Qualified Institutional Placement) at Rs.184.80 per share. Several financial institutions participated.
TABLE OF CONTENTS
A L L C A R G O G LO B A L LO G I S T I C S L I M I T E D
CORPORATE DOSSIER
4
MILESTONES ...
Year 2010 has been a year of awards and recognition for Allcargo. Following is a list of select recognition for Allcargo Global Allcargo has been ranked at 2nd position in Logistics segment and at 290th position overall in the FORTUNE 500 companies in India by Fortune India. The Southern Region of Container Corporation of India (CONCOR) honoured as the Best LCL Consolidator Award for the year 2009- 10 in Chennai. Allcargo has been ranked at No. 251 in the ET 500-2010 list by The Economic Times. Additionally, the company has been identified as one of the top 10 companies which has a potential for growth and value addition based on consistent performance in its section SHOW STOPPERS-Spot the Winners. Logistics Company of the Year and the Freight Forwarder of the Year (Indian) by the AllMaritime and Logistics Awards (MALA) 2010 in Mumbai. Chairman & Managing Director was awarded the Face of the Year by Express Logistics and Supply Chain (ELSC) organized by the Economic Times & Future group in Mumbai. Chairman & Managing Director was awarded "Entrepreneur of the Year Services Category" by Ernst &Young in New Delhi. Ms. Shantha Martin, CEO, NVOCC, Indian Subcontinent and Middle East, has been adjudged as the 1st runner in the category Leading Woman CEO by iGroup in Delhi during 9th-10th December, 2010.
TABLE OF CONTENTS
A L L C A R G O G LO B A L LO G I S T I C S L I M I T E D
CORPORATE DOSSIER
5
MILESTONES ...
2009 New Business Vertical: Company started 3PL (3rd Party Logistics) operations with two warehouses one at Bhiwandi (Mumbai) and the other at Verna (Goa). Company has invested in the state-of-the-art infrastructure, equipment and software platforms to ensure accuracy, efficiency and speed. Mumbai and Goa have 45,000 sq. ft. and 55,000 sq. ft. space respectively. Investment: In October, 2009, Blackstone Group increased its stake by converting its holdings of preferential warrants and Fully and Compulsorily Convertible Debentures (FCCDs) into shares at the rate of Rs.934. As of now there are no outstanding warrants or FCCDs. First ICD Depot: On May 30, 2009, the company started its first inland container depot (ICD) at Pithampur (near Indore) through a JV company, viz., South Asia Terminals Pvt. Ltd. in which Allcargo Global Logistics Ltd. holds 51% and balance by Hind Terminal. 2008 JV: Allcargo, with 51% stake, entered into a joint venture agreement with Container Corporation of India Limited (CONCOR) holding 49%, for setting up of Inland Container Depot (ICD) at Dadri, Greater Noida in Uttar Pradesh for catering the container traffic of North India. Investment: Blackstone Group invested Rs. 2,424 Million as a private equity investor through shares, warrants and FCCD (Fully and Compulsorily Convertible Debentures). Merger: Allcargo acquired and merged Transindia Freight Services Pvt. Ltd (Equipment Hiring business). 2007 CFS Expansion: In May, Allcargo commissioned CFSs at Chennai and Mundra. Each of these CFSs had capacity of handling 50,000 TEUs per annum in the first phase.
TABLE OF CONTENTS
A L L C A R G O G LO B A L LO G I S T I C S L I M I T E D
CORPORATE DOSSIER
6
Business Verticals
Multimodal Transport Operations
Leadership: Allcargo pioneered the NVOCC business in India and over the years has built a strong network of customers, offices, agents and partners to ensure seamless movement of cargo. Scalability: Allcargo today is the second largest LCL services provider in the world and enjoys scale both in terms of reach and in terms of volume o LCL Consolidation is an asset light division generating high returns
Business Portfolio: Allcargo receives LCL cargos from freight forwarders across its network and reserves FCL space on various shipping lines. Cargo is consolidated according to destination
transshipped to final destination. USPs: o Global networks give Allcargo access to most of the trade lanes and operate direct lines to multiple destinations. This eliminates transshipment costs, reduces transit times, helps the company exercise better operational control and purge multiple handling of cargo. o Large volumes help Allcargo to enjoy preferential freight rates with shipping lines and lead to operating leverage o Having offices at both origination and destination enables Allcargo to exercise better operational control, thereby ensuring one culture and one mandate, leading to lower cost and higher margin Infrastructure Strength: The Company has set up a bespoke ERP system that has built-in CRM capabilities that facilitates real time tracking of shipment for customers besides catering to operational and financial requirements of the company.
TABLE OF CONTENTS
A L L C A R G O G LO B A L LO G I S T I C S L I M I T E D
CORPORATE DOSSIER
and stored in bonded warehouses to be shipped to final location or to hub ports where it is
7
Business Verticals... Sales Figures & Performance: As of September 2010 the LCL & FCL businesses recorded net sales of Rs. 603 crores. o MTO volume has increased both in import and export segment, aggregating to 15% y-o-y for the quarter.
Volume in CBM Export - CBM Import - CBM Total MTO Segment Business Volume Performance (LCL + FCL) 4 QE-Dec-10 4 QE-Dec-09 Y-o-Y Change (%) CY 2010 CY 2009 Y-o-Y Change (%) 7 49,775 6 64,600 13% 3 ,024,818 1 ,954,464 55% 8 02,776 7 17,436 12% 3 ,151,569 2 ,065,879 53% 1 ,552,551 1 ,382,036 12% 6 ,176,387 4 ,020,343 54%
o Overall MTO segment performance has improved in the third quarter and YTD period over the last year
Rs. Crore Net Sales EBITDA EBIT MTO Segment - Consolidated Financial Performance 4 QE-Dec-10 4 QE-Dec-09 Y-o-Y Change (%) CY 2010 CY 2009 Y-o-Y Change (%) 568 430 32% 2,079 1,696 23% 35 11 226% 115 89 29% 32 9 237% 103 72 42%
Acquisitions: Allcargo recently acquired two Hong Kong based firms engaged in the NVOCC business for Rs. 100 crore and would further scout for organic and inorganic growth opportunities in the LCL/FCL segment in geographies or markets where the company does not have significant presence. Growth and Expansion Plans for the segment: o Tactical acquisitions in regions where Allcargo is present but does not have significant presence o Leveraging potential opportunity for creating more profitable trade lanes through network expansion
TABLE OF CONTENTS
A L L C A R G O G LO B A L LO G I S T I C S L I M I T E D
CORPORATE DOSSIER
8
Business Verticals...
Some of the services offered by the division are: o o o o o Transportation of loaded and empty containers Stuffing and de-stuffing of consignments Loading and unloading of cargo containers Delivery of loaded containers Warehousing of import and export LCL cargo
TABLE OF CONTENTS
A L L C A R G O G LO B A L LO G I S T I C S L I M I T E D
CORPORATE DOSSIER
9
Business Verticals... ICD Partnerships: o Allcargo has entered into a 51:49 JV (with Allcargo holding 51%) with CONCOR to establish a ICD at Dadri. Land for the ICD has been leased by CONCOR and is connected by rail siding. The facility is expected to come on line by April, 2011. Current Performance: o Capacity utilization at JNPT was above 95%, Chennai is about 60% & Mundra 35% during Q3 2010 o o Dwell time is about 11 days at JNPT and Chennai CFSs Revenue / TEU realization has gone up by approximately 5% as compared to year-ago quarter o CFS segment has maintained strong growth during quarter and YTD period over last year
MTO Segment - Consolidated Financial Performance 4 QE-Dec-10 4 QE-Dec-09 Y-o-Y Change (%) CY 2010 CY 2009 Y-o-Y Change (%) 568 430 32% 2,079 1,696 23% 35 11 226% 115 89 29% 32 9 237% 103 72 42%
Growth and expansion plans for the segment: CFS: Allcargo has invested close to Rs. 20 crore to expand its capacity at Mundra and Chennai ports and plans to allocate Rs. 100 crore for expansion at JNPT and other ports in the country during CY2011. Addition of capacity at JNPT and other locations through both organic and inorganic growth. ICD: The company also plans to establish a pan-India presence for its ICD division with plans to expand in Hyderabad, Nagpur and Bangalore for which land has already been acquired by the company. The ICD at Dadri is expected to be completed by April.
TABLE OF CONTENTS
A L L C A R G O G LO B A L LO G I S T I C S L I M I T E D
CORPORATE DOSSIER
10
Business Verticals...
Warehousing
Allcargo has started developing state-of-the-art warehouses to cater to the needs of its customers Allcargo has land banks to build warehouses in Nagpur, Hosur near Bangalore and Hyderabad that will be ready by end of 2011. Allcargo forayed into third party logistics (3PL) space last year. Business Portfolio: o The company currently operates two warehouses a 45,000 sq.ft facility in Bhiwandi, Mumbai and another 57,000 sq.ft facility in Verna, Goa o o Combined capacity is 102,000 sq.ft. and a capacity utilization of above 90% The company is currently developing its land banks in Goa, Hosur and Nagpur and plans to invest Rs. 40 crore in CY2011 for the same. Growth and Expansion Plans: o Strategically expanding into warehouses to ultimately provide integrated 3PL services through organic and inorganic growth models. o Existing land bank in place to build warehouses.
TABLE OF CONTENTS
A L L C A R G O G LO B A L LO G I S T I C S L I M I T E D
CORPORATE DOSSIER
11
Business Verticals...
Infrastructure Strength: o As of today Allcargo operates a fleet of more than 500 specialized vehicles and equipment making it one of the top two leading equipment and transport solutions companies in the country. 450 trailers and 56 hydraulic axles 20 heavy duty prime movers 75 cranes with lifting capacity from 50 to 750 MT 30 reach stackers 60 forklifts
TABLE OF CONTENTS
A L L C A R G O G LO B A L LO G I S T I C S L I M I T E D
CORPORATE DOSSIER
12
Business Verticals... o All terrain cranes, crawler cranes, telescopic cranes and lattice boom cranes from well known manufacturers such as Manitowoc, Kobelco, Liebherr, Demag o o Wwns Forklifts, Stackers and Trailers which supports Allcargos CFS/ICD and MTO divisions Occupational Health Safety Assessment Series (OHSAS) certified and high focus on safety standards Clientele: Allcargo has successfully executed multiple projects for clients such as BHEL, British Gas, Jindal Group Companies, Delhi Metro Corporation, Vedanta Group companies, Bombardier etc. Current Performance:
o o o
Contributed Rs. 88 crore in quarterly net sales as of Sept 2010 Capital employed has increased on account of equipment acquisition during the year The segment has an order book of more than ~ Rs.50 Crore
Growth and Expansion Plans: o Allcargo intends to invest in specialized barges and tugs to augment engineering capability and increase operating margins o o Focus on high growth sectors & through investment in highquality assets Unique offering of integrated projects and Equipment Solutions.
TABLE OF CONTENTS
A L L C A R G O G LO B A L LO G I S T I C S L I M I T E D
CORPORATE DOSSIER
Segment has maintained strong growth during quarter and YTD period over last year
A L L C A R G O G LO B A L LO G I S T I C S L I M I T E D
HEAD OFFICE 5th Floor, Diamond Square CST Road, Kalina Santacruz (East), Mumbai - 400 098. Maharashtra, India.
Tel. Fax