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Issue Date:23 May 2017     Price in Rs. R 6500    Price in USD. $ 100
    

Mumbai based Advantage Overseas Pvt Ltd (AOPL) has emerged as the largest agri-product trading company in India in just about a decade. For FY16, the company reported revenue of ~USD15B, as compared to USD9B for FY15. Net profit margins are small, for FY16 the company reported net profit of USD33m.

 

Advantage Overseas was incorporated on 10 August 2004, and commenced its operations during the financial year 2007-08. It has an invested capital for just USD1.5m, from which it appears to have created such a big revenue base

 

It lists its business international trading of agri-commodities such as soyameal meal, rapeseed meal, maize, castor seed, wheat & wheat flour, rice, sugar & pulses. The company derives around majority ie around 99% of its revenues from sale of goods on high seas. AOPL purchases goods on high seas from other large agri business companies located in Singapore, Geneva, etc and supplies them to various other large multinational trading houses with end markets being in Dubai, South East Asia, etc.

 

Revenue profile is concentrated. According to a rating note by India Ratings, soybean accounting for 71% of its FY16 revenues. Its top five customers accounted for 95% of the turnover in FY16.

 

According to a rating note by CARE Ratings issued in 2015, Advantage Overseas is a subsidiary of Asian Business Connections Pvt. Ltd. (ABCPL) having 99.90% in the company and is a part of Kerala based Carnival Group of companies controlled by ABCPL, co-promoted by Mr Shrikhant Bhasi (currently having 99.99% shareholding) and Mr Prashanth Narayanan (currently having 0.01% shareholding). The Group has diversified interest in Agri-business, International Trade in commodities, Multiplex and Film Screening, Film Production, Restaurant and Food Courts, Hotels, Real Estate and Event Management.

  • Company Background
  • Business Highlights
  • Financial Performance
  • Financial Details

 

  • Board of Directors
  • Financial Summary
  • Profit & Loss Account
  • Balance Sheet
  • Ratios

 

  • Advantage Overseas Pvt Ltd
  • Asian Business Connections Pvt. Ltd