### **Overview** Seacoast Shipping Services Limited (formerly Mahaan Impex Limited, rebranded July 2020) is a diversified logistics and trading company with over four decades of experience in shipping and international trade. Originally established in 1982, the company has evolved into a key player in dry bulk shipping, logistics, and more recently, agricultural commodity trading. While currently focused on agricultural trading due to strategic and economic considerations, Seacoast maintains its foundational strength in shipping and plans a strategic re-entry into the shipping logistics sector when market conditions indicate sustained profitability. --- ### **Core Business Segments** #### **1. Agricultural Commodity Trading (Current Primary Focus)** As of 2023, Seacoast has shifted its primary operations to agricultural commodity trading, capitalizing on rising global demand and leveraging its robust logistics infrastructure. - **Key Products Traded**: Wheat, rice, tomatoes, onions, chana dal, masur dal, and other staple commodities. - **Sourcing Strategy**: Direct partnerships with farmers and suppliers emphasizing sustainability, quality, and fair-trade practices. - **Market Reach**: Expanded into emerging markets driven by population growth, urbanization, and evolving dietary trends. - **Logistics Integration**: Utilizes its global shipping network and contracted transporters for reliable, timely delivery. #### **2. Dry Bulk Shipping & Logistics Services** Although currently not operational as a primary revenue driver, Seacoast retains its capabilities and intends to relaunch shipping operations. - **Vessel Focus**: Handy (5K–40K MT), Supramax (40K–55K MT), Ultramax (60K–70K MT), and Panamax (70K–80K MT) vessels. - **Commodities Transported**: Grain, coal, iron ore, fertilizers, petcoke, cement, steel, and agro-cargo. - **Service Offerings**: Vessel chartering, freight management, multimodal transport (ocean, air, road, rail), cargo operations, and technical vessel management. - **Fleet Strategy**: Owns and charters modern, fuel-efficient vessels compliant with international safety and environmental standards. #### **3. Specialized Cargo & Multimodal Logistics** - Handles complex cargo types including perishables, hazardous materials, oversized project cargo, and temperature-sensitive goods. - Clients span industries such as pharmaceuticals, automotive, aerospace, and FMCG. - Offers integrated end-to-end supply chain solutions: warehousing, distribution, customs clearance, and inventory management. --- ### **Strategic Developments & Key Initiatives (As of July 2023)** #### **Expansion in Dubai** - Announced the launch of **Shipping and Logistics Services in Dubai** on **August 15, 2023**, through a strategic partnership with **Maria Shipping Fze**. - The collaboration is expected to generate **INR 100 crore** in annual revenue. - Aims to make Seacoast a preferred logistics provider in the Middle East and Persian Gulf region. #### **Revenue Outlook** - FY 2022–23 Sales: **INR 429.62 crore** (Rs. 42,962.35 Lakhs) - FY 2023–24 Projected Sales: **INR 800 crore**, driven by the Maria Shipping deal and rights issue-funded working capital. - Strong revenue growth trend: from INR 243 crore (FY21) → INR 128 crore (FY22) → INR 430 crore (FY23) #### **Profitability** - **Profit After Tax (Restated):** - FY 2023: **Rs. 1,438.03 Lakhs** - FY 2022: Rs. 339.21 Lakhs - FY 2021: Rs. 1,055.59 Lakhs → Significant recovery and growth in profitability post pivot. #### **Strategic Ventures & Acquisitions** - Negotiating **purchase of a dry bulk vessel (20,893–30,000 MT)** for India-Africa agro-cargo routes (Mar 2022). - Forming a **joint venture with Invade Agro Group** (Sub-Saharan Africa) for fertilizer exports and pulse imports (Jan 2022). - Proposing a **long-term JV with Gujarat Port and Logistics Company Limited (GPLCL)** under the **Sagar Mala Scheme**, targeting INR 200+ crore in new revenue and creating 100+ jobs. #### **Digital Transformation & Technology** - Investing in **AI, machine learning, data analytics, blockchain, and digital tracking systems** to improve: - Route optimization - Real-time cargo monitoring - Supply chain transparency - Customer experience - Implemented **CRM systems** to personalize client services and improve engagement. - Utilizes **automated documentation, online booking, and digital payment processing** for efficiency. #### **Sustainability Initiatives** - Committed to reducing carbon footprint through: - Fuel-efficient vessels - Exploration of alternative energy sources - Green logistics practices - Aligns with international environmental standards to attract eco-conscious clients. --- ### **Global Network & Market Presence** - Operates in **key trade hubs** across Asia, the Middle East, Africa, and Europe. - Strong relationships with **shipowners, port authorities, customs agencies, and freight agents**. - Offices, partners, and agents strategically located to ensure regulatory compliance and swift cargo handling. - Among the **top three freight forwarders** for agri-commodity container exports from **Mundra Port**. --- ### **Risk Management** - **Market Risks**: Geopolitical instability, trade policy changes, fuel price volatility. - Mitigation: Diversified client base, trade routes, and fuel-saving technologies. - **Commodity Price Volatility** (in agriculture): - Hedging, futures contracts, and diversified sourcing reduce exposure. - **Supply Chain Disruptions**: - Robust logistics network and contingency planning. - **Technology Dependence**: - Critical IT systems support billing, inventory, and operations; potential disruptions pose operational risks. --- ### **Leadership & Brand** - Managed by a seasoned leadership team with expertise in **sales, strategy, finance, and logistics**. - Brand identity tied to **promoter-held intellectual property** (logo owned by Mr. Manish Raichand Shah). - Emphasis on **brand reputation, reliability, and client trust** as competitive advantages.