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Market Research Report :Cold chain market in India 2012


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Growth in organized retail and the food processing sector drives the cold chain market in India. Further shift towards horticultural crops by farmers to evade risk boosts the demand for cold chain. Rising demand for cold storage in pharmaceutical sector is also driving the growth in cold chain market. Changing consumption pattern is expected to create huge demand for cold storage in India.

The report begins with an introduction section, projecting the evolution of Cold Chain Market in India. It then shows the value chain of the cold chain market followed by its definition, segments and key activities. The different types of cold storage are then demonstrated. A flow of Cold Chain Logistics Services is also shown in this section.

Market overview section provides a brief snapshot of the Cold Chain Market. This section includes the market size of the cold chain market in India in terms of cold storage and cold transportation, demonstrating the forecasted growth over the period 2010 - 2015. The opportunities for the players in providing cold chain facilities are also illustrated. The section then gives an overview of the surface storage market. The cold storage distribution in the country has been mapped along with the commodity wise distribution. Subsequently, the number of cold storage and their capacity as on 31st Dec, 2009 has been listed. Current ranking of India’s food production w.r.t global scenario are displayed. The impact of cold chain on shelf life of fruits & vegetables has been shown. Developments in refrigeration systems in cold storage has been shown followed by the other recent developments. An overview of the refrigerated transport market is given demonstrating the refrigerated transport process.

Current & Future Scenario section deals with the investment opportunities and the private participation in cold chain market in India. Some major deals in cold chain market in India have been listed. Further some recent investments in the cold chain sector in India are also found.

Drivers & challenges section in the report provides a comprehensive set of factors which boosts and hinders the growth in the market. An analysis of the section brings forth the key drivers fueling growth in the market including growth in organized retail, shift towards horticultural crops, growth in processed food sector, demand from pharmaceutical sector and the changing consumption pattern. While the challenges identified comprises of lack of logistical support, uneven distribution of cold chains, cost structure and deficit in power supply.

Government initiative section emphasizes on the role of government in budget for cold chain sector. Further the government’s initiatives on terminal market, railways and port and shipping are also discussed. Then the schemes and the assistance by Ministry of Food Processing Industries, National Horticultur

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Market Research Report :Cold chain market in India 2012

  1. 1. Cold Chain Market – India Cold Chain Market IndiaJuly 2012
  2. 2. Executive Summary  Cold chains have become extremely crucial for the improvement in the preservation process of  agricultural production in India Market  The market is expected to attain a CAGR close to xx% to reach a valuation worth INR xx bn by the  end of 20‐‐  It is going to witness strong growth in capacity creation backed by government policies It is going to witness strong growth in capacity creation backed by government policies   Owing to the shortfalls in the existing cold chain infrastructure massive amounts of food grain,  Current &  fruits and vegetables get wasted every year, thereby creating ample scope for vendors Future  Private participation is expected to raise the storage capacity of the sector by a large extent Scenario  Government has classified cold chain as ‘infrastructure’ as announced in the 2011 12 union  Government has classified cold chain as  infrastructure as announced in the 2011‐12 union budget Drivers: Challenges: – Growth in Organized Retail – Lack of Logistical Support Drivers &  – Shift towards Horticultural Crops – Uneven Distribution of Cold ChainsChallengesCh ll – Growth in Processed Food Sector  – Cost Structure – Demand from Pharmaceutical Sector – Deficit in Power Supply – Changing Consumption Pattern  Entry of Foreign Players   Rail based Reefers Rail based Reefers  Trends d  Cold Chains Facilities at Airports  Backward Integration Major PlayersCompetition Player A Player B Player C Player D Player E Player F COLD CHAIN MARKET IN INDIA 2012.PPT 2
  3. 3. •Introduction•Market Overview Market Overview•Current & Future Scenario•Drivers & Challenges Di & Ch ll•Government Initiatives•Trends•Competition•Strategic Recommendation•Appendix •Appendix COLD CHAIN MARKET IN INDIA 2012.PPT 3
  4. 4. Cold chains help to preserve edible products by maintaining a consistent surrounding temperature Supply / Procurement Transport Storage Transport End‐customer xx xx xx xx xx Cold Chain Definition Segment 1 Segment 2 Segments xx xx Activity 1 Activity 2 Key Activities xx xx COLD CHAIN MARKET IN INDIA 2012.PPT 4
  5. 5. Types of Cold Storage Cold Stores Type 1 Type 2 Type 3 Type 4 xx xx xx. xx Type 5 Type 6 Type 7  xx xx xx COLD CHAIN MARKET IN INDIA 2012.PPT 5
  6. 6. Cold Chain Logistics Services xx xxxx xx Cold Chain  Logistics  Services xx xx xx COLD CHAIN MARKET IN INDIA 2012.PPT 6
  7. 7. Cold chain market in India is going to witness strong growth in capacity creation backed by government policies Cold Chain Market – Overview  Market Size and Growth• Cold chain is an important infrastructure for INR bn enhancing the preservation process of agricultural 400 z6 productivity in India X% x6 6 z5 300 x5• Cold chain comprises of mainly 2 activities – storage z4 z3 x4 consisting of about xx% of the market share and 200 z2 x3 z1 y6 transportation comprising about xx5% x2 y5 100 x1 y4• Cold Chain market is expected to grow at about xx% y2 y3 y1 CAGR from INR x bn in 20‐‐ to INR y bn in 20‐‐ 0• The last two announcements made by Government 20‐‐ 20‐‐ 20‐‐ 20‐‐ 20‐‐ 20‐‐ of India (GoI) in the last two union budgets will ( ) g Segment A Segment A Segment B Segment B primarily boost capacity creation  Following the announcements several multinational Market Segmentation (2011) corporations and PE firms have invested in cold chain services X%• With the actual production capacity being 10 times higher than the present storage capacity, India witnesses huge spoilage of about xx% agricultural Segment A produce Segment B  Close to xx% of fruits and vegetables and 5% of food grain accounting for approximately INR 500 bn get wasted in Y% India on a yearly basis COLD CHAIN MARKET IN INDIA 2012.PPT 7
  8. 8. Player’s Opportunity in Cold Storage Facility (1/2) Huge scope to tap the cold chain market  Processed Fruits & Vegetables in India by focusing on the improvement  % Share in food processing as only xx% of fruits  X3% a d egetab es and vegetables in India get processed as  d a get p ocessed as 70 X2% compared to xx% in USA and xx% in Brazil 60 50 40 30 20 10 X1% 0 Country A Country B Country C Fruits & Vegetables going through Cold Storage While xx% of fruit and vegetable  production in USA go through cold  % Share Y2% storage, only xx% of it goes through in  g , y g g 80 India 60 40 20 Y1% 0 Country A Country B COLD CHAIN MARKET IN INDIA 2012.PPT 8
  9. 9. Government backing to boost the capacity creation for cold storages in India Surface StorageSurface Storage Market – Overview  Cold Storages Distribution• Surface storage accounts for majority of the cold chain services in India• In 20‐‐, India h d 5,386 cold storages with a capacity d had ld h of about xx mn MT• Majority of the cold storage facilities are utilized for 8% potato storage and are scattered in states of UP, Uttaranchal, Maharashtra & West Bengal , g 5% 30%• Over xx% cold storages are in the private sector 2%• Cold storage infrastructure is set to undergo major 6% revamp with government backing 7% 5% 10%CoCommodity Wise Distribution od ty se st but o 2% 9% x6% Commodity A 5% x3% x4% x5% Commodity B C dit 3% Comprise 2 % of total  C i 2% f l Commodity C cold storages x1% Commodity D x2% Commodity E 3% 3% OthersNote: Figures are as on 31st Dec, 2009 COLD CHAIN MARKET IN INDIA 2012.PPT 9
  10. 10. Number of Cold Storage in India – State & Product wise (1/2) Fruits &  Meat &  Milk & Milk  Total  Sl. No. States Potatoes Multipurpose Others Vegetable Fish Products No. Andaman &  1 Nicobar Islands  xx xx xx xx xx xx Xx (UT) 2 Andhra Pradesh xx xx xx xx xx xx xx 3 Arunachal Pradesh xx xx xx xx xx xx xx 4 Assam xx xx xx xx xx xx xx 5 Bihar Bih xx xx xx xx xx xx xx 6 Chandigarh(UT) xx xx xx xx xx xx xx 7 Chhatisgarh xx xx xx xx xx xx xx 8 Delhi xx xx xx xx xx xx xx 9 Gujarat xx xx xx xx xx xx xx 10 Goa xx xx xx xx xx xx xx 11 Haryana xx xx xx xx xx xx xx 12 Himachal Pradesh xx xx xx xx xx xx xx 13 Jammu &Kashmir xx xx xx xx xx xx xx 14 Jharkhand xx xx xx xx xx xx xx 15 Kerala xx xx xx xx xx xx xx 16 Karnataka xx xx xx xx xx xx xxNote: Figures are as on 31st Dec, 2009 COLD CHAIN MARKET IN INDIA 2012.PPT 10
  11. 11. Current Rankings of India’s Food Production w.r.t Global Scenario xx MT India, holding a large  ction (MT) food basket for global  consumption creates  xx MT Food 2 huge demand for cold Food Produc chain In order to  Food 1 sustain the production  trend xx MT Food 3 1 2 3 Rank xx India s position India’s position xxin perishable food production  xx in comparison  with world xx COLD CHAIN MARKET IN INDIA 2012.PPT 11
  12. 12. New players are now venturing into the more profitable refrigerated transport services Refrigerated  TransportRefrigerated Transport Market – Overview  Refrigerated Transport Process• Refrigerated transport involves usage of refrigerated vehicles for transportation of goods Procurement• Key products that move through reefers include  Product A  Product B Grading/  Product C Sorting/  Product D Precooling/ g/ Packing  Product E  Product F• In terms of volume, current reefer transportation business is about xx mn MT and is expected to reach p Refrigerated Transport Refrigerated Transport xx mn MT within xx years• Refrigerated transport offers the largest margins in cold chain logistics  At least xx companies are offering refrigerated transport Cold Storages services i I di i in India• Key players in this segment include  Player A  Player B Domestic Supply Exports  Player C COLD CHAIN MARKET IN INDIA 2012.PPT 12
  13. 13. Major Deals in Cold Chain Market in India (2009‐2012) Deal size Deal Date Target Investor/Buyer Stake (INR mn) type Jun 20‐‐ Jun 20 Company A Company A Company B Company B xx xx xx Jun 20‐‐ Company C  Company D xx xx xx Feb 20‐‐ Company E  Company F xx xx xx Dec 20‐‐ Company G Company H xx xx xx Dec 20‐‐ Company I Company J xx xx xx Mar 20‐‐ Company K Company L xx xx xx Aug 20‐‐ Company M Company N xx xx xx Jul 20‐‐ Company O Company P xx xx xxJV – Joint Venture; PE – Private Equity; M&A – Mergers & Acquisitions COLD CHAIN MARKET IN INDIA 2012.PPT 13
  14. 14. Focus on Investments • Investment of INR xx bn is expected by 20‐‐ to set up  Company X bottling plants and cold chain infrastructure in India bottling plants and cold chain infrastructure in India• Planning to build cold chains at its existing plants in  xx and in xx to increase xx Company Y p p• Construction was planned to be completed by May y y 20‐‐ • Entered into the cold chain consultancy segment in  India in 20‐‐ with plans to deal with issues of storage,  Company Z transportation and delivery of perishable products COLD CHAIN MARKET IN INDIA 2012.PPT 14
  15. 15. Drivers & Challenges – Summary  Challenges Drivers Lack of Logistical Support Growth in Organized Retail G th i O i d R t il Uneven Distribution of Cold chains Shift towards Horticultural Crops Cost Structure Growth in Processed Food Sector  Deficit in Power Supply Demand from Pharmaceutical Sector Changing Consumption Pattern COLD CHAIN MARKET IN INDIA 2012.PPT 15
  16. 16. Growth in organized retail has created a demand for cold chains in IndiaGrowth in Organized Retail Impact• Finding 1 Finding 1• Finding 2• Finding 3• Finding 4 Growth in Organized Retail INR tn 12 x2 10 xx 8 6 4 2 x1 0 20‐‐ 20‐‐e COLD CHAIN MARKET IN INDIA 2012.PPT 16
  17. 17. Shift towards horticultural crops by farmers to evade risk boosts the demand for cold chainShift Towards Horticultural Crops Impact•Finding 1•Finding 2•Finding 3  Sub‐finding Growth in Horticultural Crops ‘ 250 x5 25 x3 3 x4 x2 x1 200 150 Area (in mn hectare) Area (in mn hectare) 100 Production (in MT) 50 0 0 20‐‐ 20‐‐ 20‐‐ 20‐‐ 20‐‐ COLD CHAIN MARKET IN INDIA 2012.PPT 17
  18. 18. Food processing sector is the major target segment for cold chain marketGrowth in Processed Food Sector (1/2)  Impact• Finding 1• Finding 2• Finding 3 Growth in Food Processing Sector INR tn 10 xx% x5 x4 x3 8 x2 x1 6 4 2 0 20‐‐ 20 20‐‐e 20 20‐‐e 20 20‐‐e 20 20‐‐e 20 COLD CHAIN MARKET IN INDIA 2012.PPT 18
  19. 19. Food processing sector is expected to show huge growth in each of its segmentsGrowth in Processed Food Sector (2/2)  Impact Fruit & Vegetables Fruit & Vegetables Dairy INR bn INR bn x3 600 6,000 x1% x2% y3 400 x2 4,000 4 000 y2 200 2,000 y1 x1 0 0 20 20‐‐ 20 20‐‐ 20 e 20‐‐e 20 20‐‐ 20 20‐‐ 20 e 20‐‐e Snack & ready to eat foods Marine Products INR bn INR bn 600 z3 600 x3% x4% m3 400 400 z2 m2 200 200 m1 z1 0 0 20‐‐ 20‐‐ 20‐‐e 20‐‐ 20‐‐ 20‐‐e COLD CHAIN MARKET IN INDIA 2012.PPT 19
  20. 20. Rising demand for cold storage in pharmaceutical sector is pushing the growth in cold chain market in IndiaDemand from Pharmaceutical Sector Impact•Finding 1•Finding 2•Finding 2•Finding 3  Sub‐finding 1  Sub‐finding 2 Sub finding 2 Growth in Vaccine Market  Growth of  Pharmaceutical Market INR bn INR bn100 x% x7 2.500 2 500 y2 x6 y%80 x5 2.000 x4 x360 x2 1.500 x140 1.000 y120 500 0 0 20‐‐e 20‐‐e 20‐‐e 20‐‐e 20‐‐e 20‐‐e 20‐‐e 20‐‐ 20‐‐e COLD CHAIN MARKET IN INDIA 2012.PPT 20
  21. 21. Changing consumption pattern is expected to create huge demand for cold storage in India Changing Consumption Pattern Impact•Finding 1 Sales of Packaged Food (20‐‐)•Finding 2 g•Finding 3 x1%  Sub‐finding 1 x4%  Sub‐finding 2  Sub‐finding 3•Finding 4 x2% x3% East and Northeast South North West COLD CHAIN MARKET IN INDIA 2012.PPT 21
  22. 22. Higher operating costs make setting up cold storages difficult and unviableCost Structure Impact• Finding 1 Finding 1• Finding 2• Finding 3• Finding 4 Finding 4 Operating Cost per Cubic meter per year p g p p y Share of Energy Expense of Total Cold Storage Expense gy p g p INR % Share y1% 100 30 x1 80 25 20 60 x2 15 40 y2% 10 20 5 0 0 India Western Countries India Western Countries COLD CHAIN MARKET IN INDIA 2012.PPT 22
  23. 23. Power shortage is expected to pose challenges for the development of the thriving cold chain marketDeficit in Power Supply Impact•Finding 1•Finding 2•Finding 2  Sub‐finding 1•Finding 3  Sub‐finding 2 Sub finding 2 Future Power Demand‐Supply Scenario Demand Supply Gap ~ xx% Peak Average Energy Demand Base Energy (BU) x3 Generation y3 800 x2 45% 23% 600 y1 y2 x1 26% 46% 400 24% 41% 55% 77% 200 59% 74% 54% 76% 0Demand Supply Demand Supply Demand Supply VI VII VIII IX X 2007 2012e 2017e COLD CHAIN MARKET IN INDIA 2012.PPT 23
  24. 24. Trends – Summary  Backward Integration Entry of foreign players  Key  Trends Cold Chains Facilities at Airport Rail based Reefers  COLD CHAIN MARKET IN INDIA 2012.PPT 24
  25. 25. The market is dominated by the private sector with minimal presence of the public sectorCompetition – Overview Sector Wise Split – Surface Storage• Investment and growth opportunity for cold chain is  huge as it is still not yet developed in India y% z%  Investments have been announced by Reliance, Bharti, ITC,  Godrej, Tata, Aditya Birla Group and Future Group to offer a  ready market for third‐party cold chain logistics players • Cold chain capacity in the organized sector was  around 60,000 tonnes in 2009  Capacity additions & investments in next 3 years with  existing players expanding capacities as well as new players   Highly capital intensive industry with an average payback  x% period of around 5 years• Distribution offers the largest margins in cold chain Distribution offers the largest margins in cold chain  logistics Sector A Sector C  At least 50 companies are offering refrigerated transport  Sector B services in India• 3 types of companies operates in cold storage and  transportation sector namely, Integrated Companies,  • More than 90% of the cold storage capacity in India is  Stand alone Companies and 3 PL Service Providers owned and maintained by the private sector • Government of India encourages and supports the • Major companies have shown interest in cold chain  participation of private players to develop the highly capital  market in India, including Snowman Frozen Foods,  intensive cold chain sector Fresh and Healthy Enterprises and Apollo‐Everest  Fresh and Healthy Enterprises and Apollo Everest • Public sector is also gearing up and actively participating in  bli i l i d i l i i i i Cool Solutions the development of cold chain solutions COLD CHAIN MARKET IN INDIA 2012.PPT 25
  26. 26. Major Public Companies ‐ SummaryNet Profit/Loss2,200 Size of the Bubble represents Market Capitalization in INR mn2,0001,8001 8001,6001,400 m11,200 ,1,000 800 600 400 200 m3 0 m2 ‐200 ‐1,000 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 12,000 13,000 Total income Player A Player B Player C Note: All figures are in INR mn and are based on the latest financials available COLD CHAIN MARKET IN INDIA 2012.PPT 26
  27. 27. Public: Domestic Company – Player A (1/3)Company Information Offices and Centres – India Corporate AddressTel No.Fax No.WebsiteYear of Incorporation p West Bengal  lTicker SymbolStock Exchange Head OfficeProducts and ServicesProducts and ServicesCategory Products/ServicesCold Chain Logistics Key People Name N Designation D i ti COLD CHAIN MARKET IN INDIA 2012.PPT 27
  28. 28. Public: Domestic Company – Player A (2/3)Financial Snapshot i i lS h Key Ratios K i Total Income Net Profit/Loss y‐o‐y change  Particulars  2011 2010 2009 2008 INR mn INR mn (2011‐10) Profitability Ratios 80 71.0 66.5 8 Operating Margin 5.61 14.64% 9.03% 7.88% 16.85% 60 49.2 49 2 6 Net Margin 0.55 1.94% 1.39% 1.03% 9.07% 42.8 40 4 Profit Before Tax Margin 0.53 2.98% 2.44% 1.91% 11.13% Return on Equity 0.13 0.78% 0.65% 0.65% 6.44% 20 2 Return on Capital Employed 1.96 4.52% 2.57% 3.12% 7.48% 0 0 Return on Working Capital 0.57 1.24% 0.67% 0.72% 8.13% 2008 2009 2010 2011 Return on Assets 0.15 0.54% 0.38% 0.40% 3.77%Financial Summary  Return on Fixed Assets 0.79 3.08% 2.28% 2.05% 17.56% Cost Ratios• The company earned a net profit of INR xx mn in FY 2011, as  Operating costs (% of Sales) ‐5.70 85.21% 90.91% 92.12% 83.15% compared to net profit of INR xx mn in FY 2010 Administration costs (% of  ‐1.29 2.56% 3.85% 2.30% 2.19%• The company reported total income of INR xx mn in FY 2011,  Sales) Interest costs (% of Sales) Interest costs (% of Sales) 5.37 11.16% 5.79% 5.25% 5.31% registering a decrease of xx% over FY 2010 registering a decrease of xx% over FY 2010 Liquidity Ratios• The company earned an operating margin of xx% in FY 2011, an  Current Ratio ‐77.19% 5.21 22.84 20.92 8.23 increase of xx percentage points over FY 2010 Cash Ratio ‐73.35% 3.47 13.00 8.85 4.96• The company reported debt to equity ratio of xx in FY 2011, a  Leverage Ratios decrease of xx% over FY 2010 Debt to Equity Ratio ‐33.83% 0.46 0.69 0.65 0.71 Debt to Capital Ratio D b C i lR i ‐35.04% 0.26 0.40 0.38 0.40Key Financial Performance Indicators Interest Coverage Ratio ‐15.62% 1.33 1.57 1.50 3.17 Indicators Value (09/07/2012) Efficiency RatiosMarket Capitalization (INR mn) XX Fixed Asset Turnover ‐3.78% 1.57 1.64 1.99 1.94 Asset Turnover ‐0.18% 0.27 0.27 0.39 0.42Total Enterprise Value (INR mn) 129.5 Current Asset Turnover 11.72% 0.51 0.46 0.66 0.79EPS (INR) ( ) 0.29 Working Capital Turnover 32.20% 0.63 0.48 0.70 0.90PE Ratio (Absolute)‐10th July, 2012 26.62 Capital Employed Turnover ‐13.97% 0.40 0.46 0.64 0.71 Improved Decline COLD CHAIN MARKET IN INDIA 2012.PPT 28
  29. 29. Public: Domestic Company – Player A (3/3)Key Business Segments Key Geographic Segments Segment A India 100% 100%100% Segment A is the only business  100% India is the only geographic  segment in which the company  segment in which the company  has been operating for the last  has been operating for the last  50% 50% 100% five years five years 0% 0% 2011 2011Business HighlightsDescription  NewsOverviewName Change COLD CHAIN MARKET IN INDIA 2012.PPT 29
  30. 30. Major Private Companies ‐ SummaryNet Profit/Loss 60 Size of the Bubble represents Total Assets in  50 INR mn 40 t2 30 20 10 0 t3 t4 ‐10 ‐20 ‐30 t1 ‐40 50 ‐50 ‐60 Total income 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2,200 2,400 2,600 2,800 3,000 3,200 Player D Player D Player E Player E Player F Player F Player G Player G Note: All figures are in INR mn and are based on the latest financials available COLD CHAIN MARKET IN INDIA 2012.PPT 30
  31. 31. Private: Domestic Company ‐ Player B (1/3)Company Information Offices and Centres – India Corporate AddressTel No.Fax No.WebsiteYear of Incorporation Mumbai Head OfficeProducts and ServicesProducts and ServicesCategory Products/Services Key PeopleAir Freight and Logistics g g Name N Designation D i ti COLD CHAIN MARKET IN INDIA 2012.PPT 31
  32. 32. Private: Domestic Company ‐ Player B (2/3)Financial Snapshot i i lS h Key Ratios K i y‐o‐y change  Total Income Net Profit/Loss Particulars  (2011‐10) 2011 2010 2009 2008 INR mn INR mn 2938.5 Profitability Ratios3000 10 Operating Margin 91.41 180.87% 89.46% 87.23% 88.08%2500 0 Net Margin 0.65 ‐1.28% ‐1.93% 0.13% ‐2.16% 1936.7 2033.7 Profit Before Tax Margin ‐0.39 0.11% 0.50% 0.48% ‐3.99%2000 ‐10 Return on Equity 0.25 ‐5.69% ‐5.94% 0.97% ‐12.23%1500 1129.5 Return on Capital Employed 248.97 443.85% 194.88% ‐436.01% ‐149.64% ‐20 Return on Working Capital 1.24 ‐5.80% ‐7.04% ‐1.35% 7.00%1000 Return on Assets 0.68 ‐1.97% ‐2.65% 0.38% ‐12.23%500 ‐30 30 Return on Fixed Assets 1.42 ‐3.12% ‐4.54% 0.33% ‐5.21% 0 ‐40 Cost Ratios 2008 2009 2010 2011 Operating costs (% of Sales) ‐89.61 ‐82.09% 7.52% 12.61% 11.71% Administration costs (% of  0.91 8.43% 7.52% 9.08% 7.46% Sales)Financial Summary  Interest costs (% of Sales) Interest costs (% of Sales) ‐0.42 1.78% % 2.21% % 1.26% % 0.14% %• The company incurred a net loss of INR xx mn in FY 2011, as  Liquidity Ratios Current Ratio ‐5.41% 1.91 2.02 0.82 0.60 compared to net loss of INR xx mn in FY 2010 Cash Ratio ‐48.80% 0.11 0.21 0.01 0.02• The company reported total income of INR xx mn in FY 2011,  Leverage Ratios registering an increase of xx% over FY 2010 Debt to Equity Ratio 52.28% 1.89 1.24 1.48 0.00 Debt to Capital Ratio b i l i 18.09% 0.65 0.55 0.60 0.00• The company earned an operating margin of xx% in FY 2011,  Interest Coverage Ratio 143.76% 102.23 41.94 69.43 640.18 an increase of xx percentage points over FY 2010 Efficiency Ratios• The company reported debt to equity ratio of xxin FY 2011, an  Fixed Asset Turnover 6.65% 2.43 2.28 2.64 2.40 increase of xx% over FY 2010 Asset Turnover 15.06% 1.53 1.33 3.07 5.63 Current Asset Turnover 20.56% 2.15 1.78 2.31 2.19 Working Capital Turnover 27.71% 4.51 3.53 ‐10.79 ‐3.23 Capital Employed Turnover 48.37% 4.42 2.98 7.73 5.63 Improved Decline COLD CHAIN MARKET IN INDIA 2012.PPT 32
  33. 33. Private: Domestic Company ‐ Player B (3/3)Business HighlightsDescription  NewsOverviewPlansFunds COLD CHAIN MARKET IN INDIA 2012.PPT 33
  34. 34. Strategic Recommendation (1/2) An integrated cold chain infrastructure covering major production areas, processing  units and distribution centers should include the following: xx xx With integrated cold chains and supply chain management,  an amount of INR xx bn can be saved every year  by cutting xx% wastage of perishable horticulture produce,  besides generating further export revenue of over INR xx bn COLD CHAIN MARKET IN INDIA 2012.PPT 34
  35. 35. Thank you for the attentionThe Cold Chain Market – India report is part of Netscribes’ Transportation & Logistics Series.For more detailed information or customized research requirements please contact:Phone: +91 33 4064 6214 +91 33 4064 6214E‐Mail: sales@netscribes.comFollow us on:About NetscribesNetscribes is a knowledge‐consulting and solutions firm with clientele across the globe. The company’s expertise spans areas of investment &  g g f g p y p p fbusiness research, business & corporate intelligence, content‐management services, and knowledge‐software services. At its core lies a true value proposition that draws upon a vast knowledge base. Netscribes is a one‐stop shop designed to fulfil clients’ profitability and growth objectives.Disclaimer: This report is published for general information only. Although high standards have been used in the preparation,  Netscribes isDisclaimer: This report is published for general information only Although high standards have been used in the preparation “Netscribes” is not responsible for any loss or damage arising from use of this document. This document is the sole property of Netscribes and prior permission is required for guidelines on reproduction. COLD CHAIN MARKET IN INDIA 2012.PPT 35