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COMPANY OVERVIEW
With its diversified fleet in LPG and crude oil sectors. The company provides comprehensive shipping solution across the entire hydrocarbon product chain to its valued customers. Varun owns/operates a fleet of 21 vessels, comprising 11 LPG carriers, 3 crude oil tankers and 7 anchor handling towing and supply (AHTS) vessels. The company has a diversified and well established 5 base of customers, including Indian Public Sector
Value Statement
Offering our customers a comprehensive shipping
Companys Journey
Varun Shipping
Ocean Race Shipping Co. Ltd. Realpoint (Mauritius) Ltd.
Fleet Size
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BUSINESS STRATEGY
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Business Strategy
Our strategy is to assess the shipping requirements
growing needs of our customers and benefit from the expected growth in demand for hydrocarbon 12 transportation, both in India and abroad.
a) Niche market sectors:Niche market sectors comprise sectors typically characterized by few charterers and owners, where the vessel requirements and designs are relatively specific to the trade involved. b) General market sectors:General market sectors comprise sectors with a large base of charterers, and owners, where the 13 vessel requirements and designs have evolved into
Our expansion strategy vis--vis India would be to focus on acquiring cost efficient vessels where payback periods are lower.
Business strategy vis--vis international trade.
Our expansion strategy vis--vis international trade is to focus on acquiring younger vessels of a global standard size with design well suited for various trades and versatile use for a variety of customers in different markets.
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repeat customers, we intend to leverage on our existing relationships with these charterers to expand our business.
Explore logistic requirements of our charterers with
a view to provide efficient and economical, maritime 15 and logistical solutions to the end users.
International
Public SectorIndian Oil Corporation Limited. Hindustan Petroleum Corporation Limited. Bharat Petroleum Corporation Limited. Oil and Natural Gas Corporation Limited.
BP Group Trafigura Group, Transammonia Group, Shell Group, Sonatrach Group, Total Group, Vitol Group, Glencore, Pertamina, Koch, Nitrochem
Major Competitors
The Shipping Corporation of India Ltd.
Financial Analysis
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Share Capital
150.5
150
149.5 149 148.5 148 147.5 147 Mar'07 148 Mar'08 150 Mar'09 150 Mar'10 150 Mar'11 150
19
500
0 -
March'07 1413.5
March'08 2257.79
March'09 1228.05
March'10 125.83
March'11 147.48
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Total Expenditure
5000
4500
4000
3500
3000 2500 2000 1500 1000 500 0 March'07 2995.17 March'08 3577.14 March'09 4502.16 March'10 4260.71 March'11 4733.74
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Sales
10000
9000
8000
7000
6000 5000 4000 3000 2000 1000 0 March'07 6726.27 March'08 9325.67 March'09 9146.59 March'10 6662.23 March'11 4914.27
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Total Debt
3000 2500 2000 1500 1000 500 March'07 Unsecured Loans 69.65 Secured Loans 2634
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March'09 0 2846.84
March'10 0 2200.82
March'11 0 1793.05
600
500 400 300 200 100 0 25
Mar'07 581.06
Mar'08 764.84
Mar'09 661.74
Mar'10 667.21
Mar'11 669.15
Ratio Analysis
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0
27
March'07 9.9
March'08 15.05
March'09 8.91
March'10 0.84
March'11 0.98
6
4 2 0 -2 -4 28
Current Ratio
Current Ratio = Current Asset Current Liabilities
8 7 6 5 4 3 2 1 0 Mar '07 1.66 Mar' 08 0.78 Mar' 09 1.56 Mar '10 4.36 Mar '11 7.08
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Growth Strategy
To maintain leadership position in domestic and
global LPG Transportation by retaining around 70 per cent share in the Indian Market and build businesses in emerging economies within Asia and Africa To be Asias leading high technology, ultra deep water offshore Marine services company To be a leading Indian high quality crude tanker operator
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Share Price
70 In Rupees
60
50 Price 40 30 20 10 0 31
March'07 50.7
March'08 60.99
March'09 54.11
March'10 54.48
March'11 54.61
Indian Shipping Company award from National Maritime Day Celebrations Committee, Directorate General of Shipping, Government of India.
In
October, 2007 Mr.Yudhishthir D Khatau, Vice Chairman & Managing Director received Policy Maker of the Year award at the Sea Trade India Shipping Summit Awards 2007 ceremony, held at Mumbai, India.
Offshore Services Award at the Seatrade Middle East & Indian Subcontinent Awards 2008 ceremony, held in Dubai.
In October, 2009 Varun received Training and Crewing
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Award at the 11th Lloyds List Asia Awards 2009 ceremony held at Singapore.
company continues to support a wide spectrum of community initiatives through NGOs as well as programmes for health, education and environment.
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