Thanks for the great summary of the company it was very helpful in understanding the company better. I was reading the Annual letter of the company to understand the business better – I needed some help from the community to understand the following questions.
Questions:
- Revenue growth the company had in FY22 is this related to Mayanmar only or is this combination of multiple factors?
- One of the key skills the company claim is a top-notch maintenance team - which keeps downtime extremely low. This helps a company to have high availability of its ships. Companies’ low asset price strategy to purchase scrap ships and refurbish them with this team to back them up according to me adds key people risk to know how to handle. How company retains the people in the team? What stops another company to have a similar team? As the company grows how this team will be expanded? What stops big companies to hire this maintenance team? FY21 - 73, FY22 - 87 permanent employees.
- In Note R of FY22 - insurance amount is reduced – company expanded with international presence why the risk of operation is getting reduced? Is COVID the only reason?
- ANNEXURE-A- Part A: Why do its subsidiaries have such fluctuation in numbers on Taxation provision and even profit before taxation with turnover seen as more stable?
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