|
Report Date : |
21.03.2012 |
|
|
|
|
Tel. No.: |
0712-2510248 |
IDENTIFICATION DETAILS
|
Name : |
PETROLEUM AND EXPLOSIVE SAFETY ORGANISATION |
|
|
|
|
Registered
Office : |
A Block, CGO Complex, Fifth Floor, Seminary Hills, Nagpur – 440006,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
05.09.1898 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Available |
|
|
|
|
Legal Form : |
Government Owned Enterprises |
|
|
|
|
Line of Business
: |
Company’s main objective is to ensure safety and security of public
and property from fire and explosion. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established organisation managed and controlled by
the Ministry of Commerce and Industry, Government of India. Its main
objective is to ensure safety and security of public and property from fire
and explosion. Trade relations are fair. Payments are reported to be regular and as
per commitments. The organisation can be considered good for normal business dealings
at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION DENIED BY
|
Name : |
Mr. Raju |
|
Designation : |
Accounts Manager |
|
Date : |
20.03.2012 |
LOCATIONS
|
Registered/ Head Office : |
A Block, CGO Complex, Fifth Floor, Seminary Hills, Nagpur – 440006,
Maharashtra, India |
|
Tel. No.: |
91-712-2510248 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
West Circle : |
Joint Chief Controller of Explosives A-1 and A-2 Wing, 5th Floor, C.G.O. Complex, CBD Belapur, Navi
Mumbai-400614, Maharashtra, India |
|
Tel. No.: |
022)27575946/ 27575946/ 27564941 |
|
E-Mail : |
|
|
|
|
|
Baroda
Sub Circle Office : |
Deputy Chief Controller of Explosives 8th Floor, Yash Kamal Building, Sayajigunj Baroda-390001, Gujarat,
India |
|
Tel. No.: |
91-265-2225159/ 2361035 |
|
|
|
|
Bhandara Factory Attached Office : |
Controller of Explosives Quarter No. 16/1,Type IV, Ordnance factory Estate,
Jawaharnagar, Bhandara-441906, Maharashtra, India |
|
Tel. No.: |
91-7184-275261 |
|
|
|
|
Wardha
Factory Attached Office : |
Controller of Explosives Geetai Nagar, Opposite Dhuniwales Math, Nagpur Road,
Gopuri, Wardha-442001, Maharashtra, India |
|
Tel. No.: |
91-7152-230370 |
|
|
|
|
East Circle : |
Joint Chief Controller of Explosives 8, Explanade East, 1st Floor, Kolkata-700069, West Bengal,
India |
|
Tel. No.: |
91-33-22480427/ 22489524/ 22486600/ 22420686 |
|
Email : |
tccekolkata@explosives.gov.in |
|
|
|
|
Asansol
Sub Circle office : |
Deputy Chief Controller of Explosives Manmathalaya, 93, S.B. Gorai Road,Distt. Burudwan. Asansol-713301,
West Bengal, India |
|
Tel. No.: |
91-341-2283834 |
|
Email : |
|
|
|
|
|
Guwahati Sub Circle Office : |
Deputy Chief Controller of Explosives G.N.B. Road, Near Bhuyan Manson, 4th Floor, Panchwati
Silpukhuri, Guwahati-781003, Assam, India |
|
Tel. No.: |
91-361-2662783 |
|
Email : |
|
|
|
|
|
Hazaribagh Sub Circle Office : |
Deputy Chief Controller of Explosives Opposite Head Post Office, Hazaribagh-825301, Bihar, India |
|
Tel. No.: |
91-6546- 228203 |
|
Email : |
|
|
|
|
|
Rourkela Sub Circle Office |
Deputy Chief Controller of Explosives Sector-6, B-274, Rourkela-769012, Orissa, India |
|
Tel. No.: |
91-661-2640098/ 2642395 |
|
Email : |
MANAGEMENT
|
Name : |
Mr. T.R. Thomas |
|
Designation : |
Chief Controller of Explosives |
|
|
|
|
Name : |
Mr. P.C. Srivastava |
|
Designation : |
Joint Chief Controller of Explosives |
|
|
|
|
Name : |
Dr. Sudarshan Kamal |
|
Designation : |
Joint Chief Controller of Explosives |
|
|
|
|
Name : |
Mr. S. Sen |
|
Designation : |
Deputy Chief Controller of Explosives |
|
|
|
|
Name : |
Mr. R.A. Gujar |
|
Designation : |
Deputy Chief Controller of Explosives |
|
|
|
|
Name : |
Mr. D.K. Gupta |
|
Designation : |
Deputy Chief Controller of Explosives |
|
|
|
|
Name : |
Mr. R. Piplani |
|
Designation : |
Deputy Chief Controller of Explosives |
|
|
|
|
Name : |
Mr. Waji Ud Din |
|
Designation : |
Controller of Explosives |
|
|
|
|
Name : |
Dr. S. M. Mannan |
|
Designation : |
Controller of Explosives |
|
|
|
|
Name : |
Mr. Ashendra Singh |
|
Designation : |
Controller of Explosives |
|
|
|
|
Name : |
Mr. V.B. Minj |
|
Designation : |
Controller of Explosives |
BUSINESS DETAILS
|
Line of Business : |
Company’s main objective is to ensure safety and security of public
and property from fire and explosion. |
CAPITAL STRUCTURE
NOT AVAILABLE
FINANCIAL DATA
[all figures are
in Rupees Millions]
BUDGET
AND EXPENDITURE:
During
the year, budget granted for Organization under non-plan budget was Rs.205.000 Millions and under plan budget
was Rs.19.800 Millions. During
the year, expenditure under non-plan budget was Rs.204.413 Millions and under plan budget was Rs.19.705 Millions.
REVENUE:
During
the year, the Organization earned revenue of Rs.570.387 Millions on account of fees for the services rendered
which includes Rs.338.768 Millions under
Explosives Act and Rs.231.619 Millions under
Petroleum Act.
LOCAL AGENCY FURTHER INFORMATION
INTRODUCTION
The Petroleum and Explosives Safety Organisation since its
inception on 5/9/1898, has been serving the Nation as the nodal agency
regulating safety of hazardous substances namely explosives, compressed gases
and petroleum. The Organisation has earned rare distinction as an institution
of excellence in matters relating to safety in manufacture/refining, storage,
transportation, handling etc of hazardous substances for over a century. Apart
from the normal functions of enforcement of statutory safety regulations to
safeguard Public safety, life, property and environment, the Organisation has
rendered meritorious voluntary services in examination and disposal of
explosives, improvised explosives devices till late eighties of the last
century, some of which were of national importance encountered during freedom
struggle of the country, terrorist activities in different regions in the
country. Till early nineties of the last century, the officers of the
Organisation were carrying out anti-sabotage checks and duties related to VVIP
security, Airport Security etc. The Organisation has creditably rendered
training to Police, Security and Intelligence personnel in detection,
examination and disposal of explosives/explosive devices, as there was no other
agency to impart such training in the country. The activities of the Organisation,
over the years has increased exponentially and expanded in diverse fields.
Today the Organisation deals with wide range of subjects relating to
Explosives, Petroleum, Compressed Gases, Pressure Vessels, Gas Cylinders,
Pipelines, LNG, CNG, Auto LPG etc.
The Organisation, although small in size, compared to many
other Government organizations, with an existing strength of only 91 officers,
is the only Organisation of its kind directly overseeing the safety
requirements for over 2.71 lakhs hazardous units and offering expert technical
and safety guidance to numerous industries and user companies, including
Ministries of Defence, Railways, Shipping, Surface Transport, Environment and
Forests, Civil Aviation and establishments of Atomic Energy and Space Research.
Initially, the activities of the Organisation were confined
to enforcement of Explosives Act (4 of 1884) involving inspection of few
explosives storage magazines and investigation of accidents related to storage
and transportation of explosives. Subsequently, enforcement of Petroleum Act (8
of 1899) and Petroleum Rules which came into force on 17.02.1899 and Carbide of
Calcium Rules framed under this Act notified on 11/08/1899, were also entrusted
to this Organisation. However, owing to different sets of provincial
Regulations prevailing in different provinces at that time, an impasse was
created in effective administration of the Petroleum Act and Rules.
With a view to thrash out the impasse and bring uniformity
in the system, the Chief Inspector of Explosives started an endeavour to frame
a set of Rules for all states allowing variations essential for local
conditions. Finally, the Petroleum Act, 1934 was promulgated in supersession of
all earlier Regulations and the Petroleum Rules, 1937 came into force with
effect from 30.03.1937 replacing the earlier Central and Provincial Rules. The
consolidated Carbide of Calcium Rules came into force with effect from
18.03.1937. After Independence, through hazardous but useful materials like
explosives, petroleum etc. found place in the Union List of the Constitution of
India. Subsequently, the Petroleum Rules, 1937 were overhauled comprehensively
and replaced by Petroleum Rules, 1976. The Petroleum Rules, 1976 were further
reviewed and overhauled in view of changed scenario and also report of the
Rajya Sabha Committee for Sub-ordinate Legislation and new rules Petroleum
Rules, 2002 were brought into force with effect from 13/03/2002.
During the course of time, similarly there were several
revisions and amendments in the Explosives Act and Rules. The earlier
Explosives Rules, 1918 were replaced by Explosives Rules, 1940, which were
again overhanled and replaced by the Explosives Rules, 1983, which have been
again thoroughly reviewed and Present Explosives Rules, 2008have been brought
in force since 29/12/2008.
Inflammable Substance Act, 1952 came into force from 1952.
The Gas Cylinder Rules which were originally framed in the year 1940, were
replaced by new comprehensive Gas Cylinder Rules, 1981. These Rules were again
reviewed due to liberalized policy of Government of India and were replaced by
new Gas Cylinder Rules, 2004 with effect from 21/08/2004.
The Static and Mobile Pressure Vessels (Unfired) Rules, 1981
were for the first time brought in force in the country to cover safety in
storage and transportation of bulk compressed gases in pressure vessels. These
rules have been appropriately amended time to time to cover new fields like
cryogenic liquids Auto LPG Dispensing Stations etc.
Due to the complexity of functions and increased
responsibility in implementing safety regulations over the entire length and
breadth of the country, the Organisation has modernized its working procedures
making use of latest tools of information technology. Consequently, all the
offices of the Organisation have been networked through the central server
installed at Nagpur, the data base of the Organisation has been digitized and
access to the data has been made available to the public through the net. The
members of the public can now have access to the status of their applications
by visiting the Organisations website. The aim of the Organisation is to take
benefit of modern work procedures, technology and upgraded manpower quality by
imparting continuous training to officers and staff for turning itself into an
Institute of Excellence. The reputation earned by this Organisation over the
century is reflected by confidence shown by all related Industries, various
Government Departments/Organisations and Autonomous Bodies in seeking advice
and guidance in the matters relating to handling of hazardous substances.
Aided by its most efficient technical work force, congenial
working conditions, proactive approach, up-gradation of knowledge base,
deployment of IT techniques and over all traditional dedication to serve the
cause of safety, the Organisation is now poised to scale new heights of
excellence in the years to come.
ROLE AND FUNCTIONS OF THE ORGANIZATION
With
an overall objective of ensuring safety and security of public and property
from fire and explosion, the Organization as a statutory authority is entrusted
with the responsibilities under of Explosives Act, 1884, Petroleum Act, 1934;
Inflammable Substances Act, 1952 and the following Rules framed under these Acts;
2.1: STATUTORY ROLE
EXPLOSIVES ACT, 1884:
1. Explosives Rules, 2008
2. Gas Cylinder Rules, 2004
3. Static and Mobile Pressure Vessels
(Unfired) Rules, 1981
4. Notification No. GSR 625(E) dated
07.08.1983 regarding Acetylene Generator
PETROLEUM ACT, 1934:
1. Petroleum Rules, 2002
2. Calcium Carbide Rules, 1987
3. Cinematography Film Rules, 1948
The activities of the Organization involving administration
of the Acts and Rules noted above are described below in brief: -
2.1.1: EXPLOSIVES RULES, 2008:
The
major work under Explosives Rules, 2008 relates to grant of approval and
licences for manufacture of explosives, authorization of explosives, storage of
explosives, import/export of explosives, transport of explosives by road and
packaging for explosives etc. prescribing safe procedures and methods for
manufacture of various types of explosives including the tools, equipments and
machineries. The Organization carries out investigation of accidents involving
explosives and also under takes destruction of unserviceable/seized explosives
in the interest of public safety and security.
The
Organization carries out inspection and safety audit of the new premises for
verification/endorsement at the time of grant of licenses/approvals and also
periodic inspections of the licensed/approved premises.
2.1.2 : GAS CYLINDER RULES, 2004:
The
Gas Cylinders Rules were first published in 1940 after Govt. of India
Notification No. M-1272 (1), dated 28th September 1938 declaring „any gas when
contained in any metal container in a compressed or liquefied state‟ to be
an explosive within the meaning of Explosives Act, 1884. The above rules were
later replaced by the Gas Cylinders Rules, 1981, after a comprehensive review
in the light of the development of the gas industry after independence.
Eighties and Nineties witnessed massive expansion in the gas and related
industries triggered by economical liberalization and globalization, use of LPG
as industrial and domestic fuel, introduction of CNG and LPG as environmental
friendly automotive fuels, entry of new technologies, etc. necessitating
another round of review and bringing out the new Gas Cylinders Rules, 2004.
The
major activities covered under these Rules include grant of approval for
cylinder manufacturing units, its valves and LPG regulators etc, as well as
approval of designs of these equipments; licensing of gas cylinder filling
plants, CNG fueling stations, cylinders storage premises and import of
cylinders/valves; grant of permission for filling of cylinders; recognition of
cylinder testing stations etc. This Organization also plays a crucial role in
the formulation of standards for cylinders, valves, regulators, etc. The
Organization regularly undertakes safety audits of gas cylinder; filling
plants; CNG fueling stations, cylinder, valve and regulator manufacturing
units, etc. approved/licensed premises under the aforesaid Rules to ensure the
compliance of the Rules and also to inculcate safety awareness.
Salient features of Gas Cylinders Rules, 2004 with respect
to deregulation and simplification of Rules-
a)
Enhancement of the scope of the Gas Cylinders Rules to cover special containers
up to 2500 liters water capacity and composite cylinders made of non-metallic
materials.
b)
Enhancement of the exemption limit of possession of gas filled cylinders
without licence and periods for which a licence can be granted and renewed.
c)
Doing away the requirement of prior approval of specification and plans for
setting up of cylinder filling plants, conversion of cylinders from one gas
service to another and filling of cylinders between the hours of sunset to
sunrise in respect of non-toxic non-flammable gases.
d)
Simplification of the procedure for transfer of a licence in case of change of
ownership or death of the licensee.
2.1.3: STATIC and MOBILE PRESSURE VESSELS (UNFIRED) RULES,
1981:
The
functions of the Organization relating to administration of these Rules covers
grant of approval for fabrication shops of pressure vessels/fittings and their
designs, licenses for storage of compressed gas installations and for transport
of compressed gas in vessels by road, permission for import of vessels, grant
of recognition of inspecting agencies/competent persons to carry out inspection
and certification during manufacture/repair of vessels and final testing as
well as periodic testing thereof.
The
Organization carries out inspection and safety audit of the new premises for
verification /endorsement at the time of grant of licenses/approvals and also
periodic inspections thereafter of the licensed/approved premises. The above
functions also include review of safety audits, periodic tests inspection
reports and performance of vessels, fabricators and certifying agencies.
2.1.4
: NOTIFICATION NO. GSR.625 (E) DATED 07/08/1983 REGARDING ACETYLENE GENERATOR:
Acetylene
when liquid or subjected to pressure or in admixture with air or oxygen is
highly explosives. The generation of acetylene and approval of such generators
is governed under this notification. The Organization grants the approval of
type of acetylene generators and to acetylene plants. Trial runs of the
generator both at the manufacturer’s place and at the factory where the
generator is installed for evaluating its performance as well as determining
efficiency of each generator at the time of endorsement of licenses is done by
the Organization besides routine inspections of acetylene cylinder filling
plants in operation.
2.1.5 : PETROLEUM RULES, 2002:
Petroleum
has been defined under the Act and Rules as liquid hydrocarbon or a mixture of
liquid hydrocarbons and any inflammable mixture containing liquid hydrocarbons.
The work relating to administration of these Rules covers approval of
Refineries, Petrochemicals/Oil and Gas Processing Plants, transport of
petroleum by land and pipeline, Flameproof other suitably protected electrical
apparatus and other safety equipments for use in areas laden with flammable
gases and vapours, licensing of Petroleum dispensing/service station, Petroleum
storage installations, Tank trucks for transportation by road, aircraft refueller and also issuance of Certificate of Gas
Free in respect of Vessels/Ships carrying petroleum for dock entry, man entry
or hot work.
The Organization carries out safety audits of these premises
to ensure compliance of Rules and safety measures.
2.1.6 :
CALCIUM CARBIDE RULES, 1987:
Calcium Carbide has been declared as inflammable substance
under the Inflammable Substances Act and the safety provisions of Petroleum Act
has been made applicable to it. Calcium Carbide in contact with moisture
generates acetylene gas, which has wider range of explosives limits. Approval
of receptacles for packing Calcium Carbide and licensing for storage of calcium
carbide either for sale or for generation of acetylene are the functions
entrusted to the Organization under these rules.
2.1.7: CINEMATOGRAPHY FILM RULES, 1948:
Storage and transport of Cinematographic Films having
Nitrocellulose base, pose potential mass fire hazard. The storage and transport
of such films are governed under these Rules and licensing of storage premises
is done by this Organization. The Nitrocellulose based films are replaced by
safety films (Polyester Based) since times. These rules have therefore become
redundant and recommended for its deletion.
2.2: ADVISORY ROLE:
With the expertise in specialized technical and safety
aspects to prevent fire and explosions of Explosives, Petroleum, Carbide of
Calcium, Gas Cylinders, Pressure Vessels and other hazardous substances, the
Organization renders advice when ever requested, not only to the industry but
also to the Government and Semi-Government bodies like Ports, Railways, Defense
Establishments and Ministries of Surface Transport, Environment and Forests,
Petroleum and Natural Gas, Pollution Control Authorities etc. The Organization
plays important role in formulation of related BIS standards Port by-laws,
Indian Red Tariff and regulations pertaining to transportation of hazardous
goods by rail, road, sea and air.
The Chief Controller of Explosives is the member of the
Central Crisis Group constituted by the Ministry of Environment and Forests and
other officers also represent the State level and District level Crisis
Management Groups.
ACTIVITIES OF THE ORGANIZATION IN BRIEF
3.1: Scrutiny and appraisal of site, layout
and construction plans for;
·
Explosives manufacturing factories
·
Explosives storage premises
·
Fireworks manufacturing factories
·
Fireworks store houses and shops
·
Manufacture of Explosives at site in
Bulk Mixing and Delivery [BMD] Vehicles.
·
Gas Cylinder filling plants
·
CNG Dispensing stations
·
Storage sheds for filled gas cylinders
·
Bulk Storage installations for
compressed gases in pressure vessels
·
Auto LPG dispensing stations
·
Petroleum storage installations
·
Petroleum storage sheds
·
Petroleum tank lorries
·
Petroleum cross-country pipelines.
·
Petroleum service stations.
·
Calcium carbide storage premises.
3.2: Scrutiny
and appraisal of proposals for approval of design and construction of
Explosives vans, Bulk mixing and Delivery vehicle for site manufacture of
explosives, vehicles for transport of bulk compressed gases/cryogenic liquids
in pressure vessels and Petroleum containers and Tank Lorries including its
safety fittings.
3.3: Licensing
of the premises/units/vehicles referred to under 3.1 and 3.2 above.
3.4: Scrutiny
and appraisal of layout etc. of Petroleum Refineries, Petrochemical units,
Calcium Carbide factories and Acetylene Gas generating plants for grant of
approval thereof.
3.5: Scrutiny
and appraisal of proposals of design, construction, laying and operation of
Pipeline for transport of liquid hydro carbons as well as other flammable
gases/hazardous chemicals grant of approval thereof.
3.6: Scrutiny and appraisal of proposals of designs of Pressure Vessels and
their fittings both manufactured in India and imported for grant of approval
thereof.
3.7: Scrutiny and appraisal of proposals of design of Gas Cylinders and
valves fitted there to manufactured in India and imported for grant of approval
thereof including LPG cylinder Regulator.
3.8: Scrutiny and appraisal of proposals of flameproof, intrinsically safe
and special electrical equipments suitable for use in hazardous areas laden
with flammable gases/vapors, both manufactured indigenously and also imported
for grant of approval thereof.
3.9: Scrutiny and appraisal of proposals of factories fabricating pressure
vessels and its fittings for grant of approval thereof.
3.10: Scrutiny and appraisal of proposals of testing stations for periodic
examination and testing of cylinders for grant of recognition to the cylinder
testing station.
3.11: Recognition of competent persons and
inspectors under various Rules.
3.12: Issue of shot firer’s permit and foreman’s certificate.
3.13: Regular safety audit of the units
mentioned above.
3.14: Destruction of deteriorated and
unclaimed/unserviceable/seized explosives.
3.15: Examination of petroleum tanks in sea going vessels ships for issuing
gas free certificates for allowing hot work, entry of man in such tanks and
entry of such vessels in docks.
3.16: Technical investigation of accidents related to the substances coming
under the purview of the Acts and Rules administered by the Organization for
ascertaining causes of accident and violations.
3.17: Scrutiny and appraisal of proposals to import, export and transport
explosives for grant of licence thereof.
3.18: Authorization of new explosives after adequate tests and trials.
3.19: Grant of permission for filling/use of gas cylinders imported from
abroad and manufactured in India.
3.20: Grant of licence/permit for import of cylinders and pressure vessels.
3.21: Scrutiny of periodic returns under various Rules.
3.22: Review and Amendment of Rules and grant of exemption/relaxation wherever
necessary in Public interest.
3.23: Advising on their request to port, Airport and Railway
authorities on -
·
Classification
of hazardous substances;
·
Packing
and determination of conditions for storage/transport of dangerous substances;
·
Siting
and layout of facilities for the loading/unloading and transit storage of
explosives, flammable and other dangerous substances.
3.24: Examination/testing of
explosives/hazardous substances for classification of hazard.
3.25: Advising the Central and State Governments, the Industry and various
Organizations on matters relating to the handling of explosives, flammable and
other dangerous substances, and the requirements of the Acts and Rules referred
to above whenever asked.
3.26: Participation as Chairman or member in various committees appointed by
the Ministry of Defence, Bureau of Indian Standards and other Ministries and
Departments.
3.27: Participation in symposiums, seminars, workshops organized by various
Organizations relating to safety in handling of hazardous chemicals, petroleum
products, explosives and compressed gases.
STRENGTH
AND INFRASTRUCTURE:
The
sanctioned strength of the Organization at present is 137 Group ‘A’ officers and 343 Group ‘B’ ‘C and ‘D’ officials.
Out of the above, 46 posts
of Group ‘A’ and 6 Group ‘B’, ‘C’and ‘D’ officials are lying vacant
due to various administrative procedures and reasons. The Petroleum and
Explosives Safety Organization (PESO) is headed by the Chief Controller of Explosives with its headquarters at Nagpur and there are 5 circle offices headed by the Jt.
Chief Controller of Explosives located at Mumbai, Chennai, Kolkata, Faridabad and Agra. The Organization has
13 Sub-Circle Offices headed by
the Dy. Chief Controller of Explosives and 5 factory attached offices headed by the Controller of Explosives.
PRODUCTION OF EXPLOSIVES DURING THE YEAR 2010-2011
|
Sr No. |
Explosives |
Class |
Quantity Kgs/Mtrs/Nos. |
|
1 |
Gun Powder |
1 Div. 0 |
688583 Kgs. |
|
2 |
Nitrate Mixture |
2 Div. |
183533712 Kgs. |
|
3 |
SME |
2 Div. |
359943512 Kgs |
|
4 |
PETN+Cast Booster |
3 Div.2 |
3573818 Kgs. |
|
5 |
Safety Fuse |
6 Div. 1 |
7706803.5 Mtrs. |
|
6 |
Detonator Fuse |
6 Div. 2 |
284673074 Mtrs. |
|
7 |
Detonator |
6 Div. 3 |
724250160 Nos. |
IMPORT AND EXPORT OF EXPLOSIVES
IMPORT:
During
the year 2010-2011, 140 number of licenses were issued to importation of short
delay detonators and specific type of explosives for use in exploration by Oil
India Limited, Cairn Energy India Limited, BG Exploration and Production India Limited,
HLS Asia Limited, Oil and Natural Gas Corporation Limited, Niko Resources
Limited, Reliance Industries Limited, GeoEnpro Petroleum Limited, Great Eastern
Energy Corporation Limited, Joshi Technologies International Inc., Schlumberger
Asia Services Limited, Gujarat State Petroleum Corporation Limited, Electronics
Corporation of India Limited, Indian Explosives Limited, Rajasthan Explosives and
Chemicals Limited, Ideal Detonators Private Limited, Selan Exploration
Technology Limited, Focus Energy Limited, Premier Explosives Limited, OAO
“Gasprom”, Premier Oil (North East India) BV, Essar Oil Limited, and Marine
Safety Products, A. S. Moloobhoy and Sons, SHM Shipcare for shipping signals
(Pyrotechnics) and Srijan Systems Private Limited, for pyrotechnics scare
cartridges (Anti Bird Devices) by use of Airports Authority of India and Air
Force Stations. The value of explosives imported was Rs.395.800 Millions.
EXPORTS:
During
the year 2010-11, 311 nos. of licenses were granted for exportation of
explosives and value of explosives exported was worth Rs. 1822.200 Millions.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.25 |
|
|
1 |
Rs.79.76 |
|
Euro |
1 |
Rs.66.52 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.