Snowman Logistics commenced its business as a trader of frozen marine products and in 1998 it commenced cold storage operations at 4 locations. The company is currently an integrated temperature controlled logistics services provider with 23 temperature controlled warehouses across 14 locations in India including Serampore (near Kolkata), Taloja (near Mumbai), Palwal (near Delhi), Mevalurkuppam (near Chennai) and Bengaluru capable of warehousing 58,543 pallets and 3,000 ambient pallets as of March 31, 2014. Snowman operates 370 reefer vehicles for primary and secondary transportation as of March 31, 2014. A majority of the company’s temperature controlled warehouses are ISO 14001 (TUV-SUD), ISO 22000 (TUV-SUD) and FSSA certified. In addition, 4 of its temperature controlled warehouses are EIA and MPEDA (Marine Products Export Development Authority) certified and 4 temperature controlled warehouses are certified under the Drugs and Cosmetics Act, 1940.

The company’s operations can be classified into the following business segments - Temperature controlled services and Ambient distribution. The distribution services of the company comprise of primary and secondary transportation. The primary transportation (long haul) generally facilitates inter-city transport of products. The primary transport service includes door to door service, customized Milk Runs and Part Cargo Consolidation. The company also provides secondary transportation i.e. last mile distribution, supplying, amongst others, QSRs, retail outlets, restaurants and the hotels.

Gateway Distriparks is the promoter and the largest shareholder of Snowman Logistics. Snowman’s investor profile also includes Mitsubishi Corporation, Mitsubishi Logistics Corporation, International Finance Corporation and Norwest Venture Partners VII-A Mauritius.

The product segments it caters to include:

• Dairy products including butter and cheese;

• Ice-cream;

• Poultry and meat;

• Sea food;

• Ready-to-eat / ready-to-cook food products;

• Confectioneries including chocolate and baked products;

• Fruits and vegetables;

• Healthcare and pharmaceutical products; and

• Industrial products such as x-ray, and photo-imaging, films.

Snowman Logistics Ltd.

Ritco Logistics Ltd.

Navkar Corporation Ltd.

JITF Infralogistics Ltd.

Accuracy Shipping Ltd.

Arshiya Ltd.

Agarwal Industrial Corporation Ltd.

Total Transport Systems Ltd.

Maheshwari Logistics Ltd.

Orissa Bengal Carrier Ltd.

North Eastern Carrying Corporation Ltd.

Future Supply Chain Solutions Ltd.

Patel Integrated Logistics Ltd.

Jet Freight Logistics Ltd.

Sical Logistics Ltd.

HDFC Bank Ltd.

ICICI Bank Ltd.

ITC Ltd.

Reliance Industries Ltd.

Tata Motors Ltd.

Market Cap	596 Cr		EPS	0.3		High	37.35
Stock P/E	115.3		Net Profit Margin	NA		Low	36.5

SNOWMAN