TMILLAN Newsletter IX - TM International Logistics Limited

/ TMILLAN / 9th EDITION / OCT 2012
MESSAGE FROM MD
Dear Colleague,
We are almost through with half of this
financial year and inspite of the doom
that prevails throughout the world, our
overall result is a mixed bag. While the
difficulty factor has increased in all our
areas, with ingenuity and hard work all of you have ensured
that we are not far from our annual plans. Since TMILL has
had a series of successful years and is constantly trying
to expand into new areas, the onus on us to ensure that a
robust risk management process prevails has increased, so
that our hard earned cash is never depleted.
CONTENTS
Page 2 >Events
---------------------------------------------Page 5 > News from SBU’s
---------------------------------------------Page 7 > From the HR Desk
---------------------------------------------Page 8 > Employee Corner
---------------------------------------------Page 11 > Family Corner
---------------------------------------------Page 13 > Congratulations
One of the most successful ways of risk management is
to understand whom you are doing business with. While
we are fortunate to have many Tata companies and well
known multi-nationals as our customers, the need for such
robust risk management process only increases with the
higher variety of businesses TMILL indulges in. Capturing
all experiences and drawing learnings out of them is an
essential part of growth and we have to actively take part
in this process.
----------------------------------------------
TMILL’s businesses and its health has always been a
derivative of primarily iron ore, steel and coal businesses.
Contrary to popular belief, 2012 will witness again a 5%
increase in sea borne iron ore trade over 2011. Similarly
sea borne thermal coal trade has also increased by 7%
this year along with coking coal which has also shown
a marginal increase. Therefore shipping demand per se
has remained healthy. It is only a huge supply of new
vessels that has made the shipping market softer and
has affected our earnings and prospects of growth in
the present condition. As a pointer to this, one cannot
disregard the fact that today 55% of Capesize vessels
are of the age group of 0–4 years, an aspect which even
proud airlines like Singapore Air will find difficult to match.
While markets will remain difficult, we will have to grow
our earnings not only for shareholders benefits, but also
for benefits of employees. Constant thoughts of research
and innovation in whatever we do will see us through
challenging times. We are fortunate to have a variety of
revenue streams to fall back on and we must utilize the
cross learning opportunities to ensure risk mitigation and
sustainable growth.
TMILLAN / OCTOBER 2012
Page 15 > Condolence
---------------------------------------------Page 15 > New Joinees
---------------------------------------------Page 15 > Puzzle
----------------------------------------------
Regards
Dibyendu Bose
PAGE 1
EVENTS
PORT operation
Maritime Day celebration at Dhamra
GM Ports at the event with the team
The maritime day was celebrated by DPCL at Dhamra on 5th of
April, 2012. To mark the occasion – the DPCL DAV public school
was inaugurated on the said day. Quizzes, antakshari’s and a
most awaited cricket match were conducted all throughout
the day. TMILL employees actively participated & performed
well in all the events. Captained by Mr.Manoj Pradhan (who
was also named the Man of the Match)-team TMILL managed
to grab the Champions Trophy for the Cricket tournament. The
celebration came to an end with a cultural evening.
The first Occupational Health Check-up camp at Dhamra
was conducted from 8 -12th May 2012. The camp had been
organized with the help of Dr. A S Tripathy, Eye Specialist and
Dr.B N Mahapatra, Occupational Health Consultant under the
banner of Utkal Poly Clinic, Bhubaneswar.
The camp covered Prescribed Occupational Health Tests,
Computerized Eye test, Hearing Test, ECG, Computerized
Pulmonary Function Test, Random Blood test for Sugar &
Haemoglobin and Urine for Routine & Microscopic tests.
All employees of TMILL Dhamra (including all contractual
workers) were covered in the camp. The medical check-up
was also extended to the officers and staff of DPCL posted at
Dhamra. More than 550 people were examined.
Blood Donation Camp at Dhamra
“Donate blood, Gift Life”
Mr.Pradhan receiving the trophy for Champions
of the Cricket Tournament
Occupational Health Check-up camp at
Dhamra
As a part of the Company’s social service drive, a blood
donation camp was conducted in association with the Red
Cross Blood Bank, Bhubaneswar at the Dhamra Port Township
by TMILL on 13th June 2012.
One of the major objectives of the camp was to make
people aware of blood donation drives and remove the fear
& misconceptions about donating blood. There were a good
number of first time blood donors-we expect the message
was taken well! A total of 107 units of blood were collected.
This included 5 units of rare blood groups as well.
TMILLAN / OCTOBER 2012
PAGE 2
EVENTS
CHA & Il
Tata Centre on 13th July 2012. GM Ports felicitated and
congratulated them. Their families also attended the occasion.
Customer Meet
Mr. Susanta Basu with his two daughters
Viswakarma Puja at Central Depot
Mr. C V Sastry with GM, CHA & IL
A customer meet was organized by TMILL CHA & IL Division
on 18th April, 2012 at J.K Residency; Jamshedpur. It was
attended by the entire MRO and procurement teams of Tata
Steel. Eminent guests including Mr. C. V. Sastry, Mr. Ranjan
Sinha, Mr. Sumit Subhadarshan & Mr. Shantanu Verma graced
the occasion. The meet was followed by a cocktail and dinner
party.
On the occasion of Viswakarma Puja on 17th September
2012, lunch was organised by TMILL CHA & IL Division at
Central Depot, Kolkata. Employees from Tata Steel, Tata
Steel FAMD,TKM and TMILL thronged the venue to taste the
traditional Biriyani, which has become the trademark of the
occasion.
TKM Global Logistics
TKM INDIA
Mr.Sumit Subhadarshan in the meet
Reward and Recognition
TKM Chennai team members had organized a fun-filled picnic
at Goa from 28th to 30th April 2012. The three day trip was
peppered with activities ranging from para-sailing, sea surfing
to boat cruising. Trips to the Goa Museum and Fort Aguada
were the highlights of the three day visit. The trip bolstered
team spirit and helped the team members interact with each
other on a personal level.
Mr. Debasish Saha with his family
At the end of the first quarter of FY 13, TMILL CHA & IL
Division rewarded Mr. Susanta Basu and Mr. Debasish Saha
as the Employees of the Quarter in an event conducted at
TMILLAN / OCTOBER 2012
PAGE 3
EVENTS
Partner meet at
TKM Global, Hamburg, Germany
Mr. Juzar Mustan, Country Head of TKM India and Capt S R
Patnaik, CEO ISL, along with several other officers of TMILL
and TKM India, also participated in this meet. Mr. Mustan
presented the various economic and business parameters that
were making India an area with ample growth opportunities.
Spirit of sailing
On 16th June 2012, the opening day of the international
regatta “Kieler Woche” in the Baltic Sea, TKM Germany
arranged its sailing event on board the “Atlantis”- a three
mast barquentine, 57m long sail ship built in 1905.
TKM Global, Germany, held a partner meet on 15th of June
2012 at Hamburg. The meet was attended by TKM´s partners
from various overseas countries including some of their key
suppliers and carriers.
Mr. Dibyendu Bose, M.D TMILL, addressed the meet &
while communicating the growth opportunities in India he
also elaborated on how TKM’s partners can leverage the
competencies we have developed in the country.
Sailing on a ship with over 100 people on board needs strong
winds but usually strong winds are accompanied by rain,
especially in the North of Europe and while the guests boarded
the bus at Hamburg to be transferred to Kiel, rain came in full
force dampening the spirit of the participants. The people of
Hamburg, to get over such gloomy weather, have a saying
-“There is no bad weather but only bad clothes and some days
you have to wear them”.
The planning by the TKM team had taken all eventualities into
account, so out came the bright blue sailing jackets and TKM´s
“Spirit of Sailing” cap for the guests to put on and be ready
to ride the tide.
As we approached Kiel and were about to board the Atlantis,
the sun appeared from behind the dark clouds, the horizon
cleared and it was the most perfect day out in the sea.
Welcoming the customers, partners and business associates,
Mr Amar Patnaik, Global Head of TKM, highlighted the need
for a more engaged co-operation with partners to meet
the present day challenges. He expressed TKM’s strong
commitment with its partners for a long term sustainable
relationship where both sides have a fair share of the value
being generated.
Mr. Amar Patnaik, Global Head of TKM and M.D, TKM Germany
said that this year’s event was bigger than the year before
and hoped that the next one will be even bigger. “TKM with
the support its customer and partners will sail through the
current adverse winds of the economy and we are prepared to
face the challenging tides” he said.
While the meeting was held at a time of looming financial and
economic crisis, especially in Europe, the participants were
hopeful that with their combined efforts and drawing upon
each other’s strength areas, they would be able to live up to
the challenges .
TMILLAN / OCTOBER 2012
Mr. Dibyendu Bose, M.D TMILL, in his address to the guests
mentioned that TKM´s sailing event is important as it enables
us to get together with our customers and partners in an
environment away from office which helps develop & grow
mutual relationship and understanding with one another.
It’s a small way of expressing our thanks and gratitude to
PAGE 4
EVENTS
our customers for their patronage and to our partners and
business associates for their support.
NEWS FROM SBU’S
Maiden Shipment at Sohar
MV Mandarin Glory was the first vessel to call at bulk terminal
Sohar, on July 1st 2012. It had been chartered by Al Batnah
Quarries, which was established long ago in the Batnah region
for export of stone aggregates (Ghabro) to Qatar. This is the
first shipment of stone aggregates from Batnah region by sea.
The region has a huge potential for movement of Ghabro and
there is also a large demand for the same at Qatar.
Guests had an exhilarating day in the high sea taking Rib rides
on inflatable speed boats.
The theme was Caribbean based with Latin music and dance
performance with a live band.
Guests were treated to a multicuisine onboard lunch and later
on in true German spirit and culture to “Kaffee und Kuchen” (
coffee and cake) before we returned back to the pier at 1700
hrs with the sun still up in the North European summer sky.
The terminal has a draft of 18m, which is much deeper than
most of the ports in the region. The shippers from the region
will be benefitted immensely, as vessels up to Post Panamax
size (85000 MT) can be loaded to its full draft, thus averting
dead freight altogether. This will facilitate shippers to remain
competitive in the stone aggregate and other bulk mineral
market.
TMILL, along with our consortium partners Khimji Ramdas
Shipping, have commissioned the temporary berth- Berth No.
14, which has been allotted by Port of Sohar for movement of
bulk minerals. The temporary berth is likely to be operational
for two years to export and import full range of bulk minerals
such as Ghabro, limestone etc, to name a few.
The permanent terminal will take about two years to be ready
(at Berth No. 25). This terminal shall be equipped with high
capacity ship loader & unloaders of innovative design. The
terminal shall be linked to the yard with a 3.5 km long conveyor
system. It is being designed for a capacity of approximately 10
Million MT.
At the temporary terminal, the loading of the bulk minerals is
being handled by the ship’s gear and should the throughput
volume increase, the consortium is likely to add a mobile
conveying system to speed up the loading operations. The
terminal has about 45000 sqm area for storing minerals, for
easy handling.
Handling of the first vessel marks a new chapter for Oman
and particularly for Quarries in Batnah, who can look forward
to increasing the volume of production and gain a share in
TMILLAN / OCTOBER 2012
PAGE 5
NEWS FROM SBU’S
the growing aggregate market in Qatar. This will facilitate an
improved turn-around of the vessels calling at the port, where
there is no waiting time, making it an attractive proposition
for the bulk carriers. Three more vessels have been handled
since the first one in the months of August and September at
the temporary terminal.
CHA & IL DIVISION
Visit to mines
port operatiON
BMHS Dhamra
New Mode of operation
TMILL engineers have developed a new mode in PLC wherein
SR (Stacker Reclaimer) -1 and R (Reclaimer) -1 can run
simultaneously. The requirement for such an operation was
felt when an Iron Ore Rake of M/s JSW needed to be tippled
and simultaneously an Iron Ore vessel of M/s Rungta needed
to be loaded. The function could not be carried out as the said
mode / selection of operation was not available in the existing
design.
A 4th mode of operation was developed by our Dhamra
team (additional to the already existing three modes) to aid
the simultaneous operations at SR-1 & R-1 thus enabling
continuity in vessel loading as well as Wagon Tippling. Wagon
tippler-1 tippled the material which was stacked through
SR-1 and simultaneously, material was reclaimed through R-1
and loaded in the vessel.
Second Wagon Tippler
The second WT (Wagon Tippler - Rotaside) type started
operations in Dhamra on 30th August 2012. The rated capacity
of the WT is 20 tips per hour (designated capacity 25 tips per
hour), tippling of a rake therefore can be finished in less than
three hours. For the first operation-3870 MT of Thermal Coal
was tippled for account M/s Adani.
Appreciation for Agency Department
M/s Bengal Energy is a prime customer of TMILL’s Agency
Department at Dhamra & Haldia. MV GRM Princess , owned by
the group ,called at Haldia Port to discharge coal on account
of M/s SAIL.
Since this was the maiden voyage of the vessel to Haldia, a gettogether was organized by the ship owners on 18th July’12
which was attended by senior Port officials, bankers, TMILL
officers and a hundred odd employees of the Bengal Energy
Group. The event was coordinated by TMILL Agency Division
with utmost efficiency and that has earned appreciation from
all quarters.
TMILLAN / OCTOBER 2012
Team members of TMILL, CHA&IL division visited the offices
of Tata Steel at Noamundi on 22-23rd August 2012, with
the objective of discussing various process improvements
for faster import clearance. They also conducted a trip to
the Katamati mines and learned about the Iron-ore mining
processes.
Training for Tata Steel, MRO Division
A training was organised by TMILL CHA&IL division to guide
their counterparts in Tata Steel MRO Division on TMILL’s process
flow for Import clearance. There were sessions conducted
by TMILL officials on Customs House Rules & Regulations,
Procedure for Bill of Entry Filing, Transportation Contract,
Re-export and all other necessary components. The members
of the MRO team also visited the Kolkata Port, Kolkata Airport
and the Customs House to better understand the entirety of
the process, including physical despatch of cargo.
TKM
TKM Kolkata - New office premises
The new office of TKM
Kolkata was inaugurated
on 10th August 2012 by
MD TMILL. The event began
with the ceremonial ribbon
cutting and lighting of the
auspicious lamp.
The TKM-Kolkata office
premises were shifted
from the existing setup
at Harrington Mansion to
Kankaria Estate, Kolkata.
PAGE 6
NEWS FROM SBU’S
New office of TKM China
TKM has opened a new office in Qingdao, China headed by
Mr. Frank Chen, with an objective to further explore & develop
business opportunities in the Chinese Market. The new office
was inaugurated on 20th Aug 2012.
The initial focus of the office will be on Sales & Business
Development activities in the North China Region (mainly
Qingdao) and it will gradually aim to grow as a full-fledged
Branch office for TKM China.
Half Yearly Review meeting of TKM
TKM’s half yearly review meeting was held on 21st and 22nd
September 2012 at Tollygunge Club, Kolkata. The meeting
was attended by Mr. Bose (Chairman TKM & MD TMILL),
Mr.A.Patnaik (Global Head TKM), Mr.Juzar Mustan (Country
Manager TKM India), Branch managers & representatives of
all TKM India offices. Over a period of two days- the branch
performances, strategy of TKM as a group, sales philosophy of
the company and many other important issues that surfaced
during the consecutive sessions were discussed and debated.
Mr. Manish Agarwal, Head of Finance TKM, addressed the
financial aspects of the freight forwarding business in
his presentation. The first day session was followed by a
sumptuous dinner party which was also attended by some
of the senior leaders of TMILL. The event was a learning
experience for all the participants. It helped foster a common
understanding of what the group stands for and also aided in
developing a better understanding of the macro parameters
contributing to an end-to-end solution.
FROM THE HR DESK
FROM THE HR DESK
The first Essentials of Excellence (EOE) In-House Programme
was held in Dhamra from the 19 - 21st of July 2012. The
programme was conducted by trainers from Tata Quality
Management Services (TQMS) and was attended by around
thirty participants from TMILL Dhamra and TMHSPL Dhamra.
The programme was aimed to help business managers learn
and apply the principles of excellence in their work. The
structure of the program drew from the TBEM criteria and
tried to demystify the complexity associated with it. The
sessions were case based and interactive and were customized
based on the business needs of TMILL Dhamra.
TBEM Application Writing at Dubai
The TBEM Application Writing for the year 2012 was held in
Dubai from 3rd May to 9th May, 2012. A cross-functional
team of nine officers from TMILL and TKM, India along with
two officers from ISL were part of the exercise. The trip was
an amalgamation of work and fun as the hectic week-long
programme was well interspersed with sight-seeing in Dubai
and was rounded off with a trip to Abu Dhabi on the last day.
The programme also provided an opportunity for the team
from India to interact with colleagues from Dubai.
The TBEM Application 2012 for TMILL has now been uploaded
on the HRIS Portal. It can be downloaded by logging on to
https://smarthr.hrservicesonline.com. The document will be
available on the portal only for the next few days.
Essentials of Excellence (EOE)
Programme - Dhamra
TMILLAN / OCTOBER 2012
PAGE 7
EMPLOYEE CORNER
Piracy – viewing with Eyes
By Capt. Sudhir Kunnath, ISL, Dubai
“Do you have eyes or marbles? ” Were the words out of my
First Captain in his late 50’s with an oversized physique
and an unkempt French beard ,round-rimmed glasses &
a cheerful demeanour. He was chiding the second mate
for having plotted a straight line course from South of
Sri lanka to Gulf of Aden on a voyage from Singapore to
Suez, during the Peak South West Monsoons . After the initial
volley of words, the Captain called him closer and advised the
young second mate about the huge mountainous swell which
would be encountered at the entrance of Gulf of Aden where
it meets the Arabian Sea, if the said route were to be taken.
Hence, as per the time tested practice and the guidance by the
Routing guides, the vessel had to head to the southern part of
Somalia and then coast along Somalian waters to turn into
Aden, this route would keep the vessel off unwanted stress
and heavy weather damages .
Being a witness to this entire episode as a fresh cadet, I stood
in the corner and squirmed like a worm -all the while noting
the time tested advice and setting my mind that never shall I
go direct in the South West monsoons.
But nowadays, any individual, even without any connection
to sailing would advise you to take the route of Gulf of Aden;
such has been the turnaround of events in the past twenty
years. Now the effects of the mountainous swells have turned
into child’s play as the resurgence and fear of the age old
profession of piracy has turned these waters into one of the
most treacherous sea routes in the world. Even after applying
all the best practices to counter the threat of attack (including
the advice from armchair navigators about patrols and rigging
fire fighting hoses to counter the grenades and Ak47) if the
pirates have planned an attack, they shall capture!
After capture:
After the pirates gain control of a vessel, it is taken to the
sheltered waters of Somalia. Upon reaching the anchorage,
additional reinforcement of guards are sent on board to
safeguard against the threat anticipated from the attack of
rival groups.
A negotiator (usually educated and fluent in English) visits the
ship regularly to speak to the crew and the pirates. He acts as
the middle man between the vessel owner and pirates.
The life after capture, as narrated by the numerous released
sailors, reveal inhuman treatment of innocent seafarers
including continual exposure to searing heat and brutal abuse
at the hands of their Somali captors- mostly comprising of
TMILLAN / OCTOBER 2012
youngsters under the influence of the drugs; carrying rifles
and ammunition. Mostly the captives are chained and given
rationed water and food. There is no access to any basic
amenities.
Even though for all these years, the pirates haven’t been
executing the seafarers, but as evident from the recent
encounters, they have now proceeded to perform mock
executions whilst the Captain is in conversation with the
vessel owners, thereby putting pressure on the negotiation
process.
Response and Release:
Lucky are those seafarers whose employers or governments
respond swiftly-including some parties agreeing to deliver
the Ransom amount within the said timeline. Though, on the
other hand, numerous overnight owners with junk vessels and
without insurance haven’t responded to the pirates’ demands,
further aggravating the agony of the seafarers.
However once the ransom is agreed upon, it is dropped
through the helicopters on to the vessel deck, to be collected
by the pirates. The amount could be anything from 5million or
above. The earned booty is shared among all. This is the most
dangerous period of the seize as it has led to various shoot
out incidents amongst the pirates and their support staff,
wherein the seafarers are sometimes caught in the cross fires.
After the release, the seafarers return to the safety of their
homes, but the fear and shock still remains. In many cases,
they have to resort to counselling to overcome the agony and
pain of their torture
Future Ahead:
Maritime piracy costs the international economy about 12
billion dollars, annually. Experts predict that there may be a
scale down in such events in the years to come, as prospects
of exploration for oil and gas is being expected in vast expanse
of Somalia. This may ultimately benefit the citizens of Somalia
and thus change and improve their living standards and
means of earning their livelihood.
It’s with hope that we anticipate that the situation shall
normalize and the age-old practice of navigating along the
coasts of Somalia will become relevant again. In the distant
future another new cadet may hear his captain chiding his
second mate for plotting a course directly to Gulf of Aden and
not along the Somalian waters and snarling at him “Do you
have eyes or Marbles ?“
PAGE 8
EMPLOYEE CORNER
Rupee Mayhem- Loosing Direction
ƒƒ Fall in FDI (Foreign Direct Investment) in India
ƒƒ Unstable Political situation of the country
By Mr. Ashok Sanghvi,
Finance and Accounts, Kolkata
The value of Rupee has had significant turbulence so far in
this calendar year. It started from a low of INR 53.3 per USD
at the beginning of January 2012, recovered to a level of INR
48.67 per USD early in February 2012 but lost it’s strength and
went past the fifty mark again in March 2012. The slowdown
which began since then, further continued as Rupee reached a
level of INR 56 per USD in July 2012. Today Rupee is hovering
at a level of INR 53 per USD.
Chart below depicts the Rupee-Dollar movement over the last
nine months:
How it is going to impact...
ƒƒ Inflation: Rupee slide is going to further add to domestic
inflation
ƒƒ Oil and other commodities: India is structurally a highly
import intensive nation. The Rupee depreciation will
particularly hit the industrial sector and put higher
pressure on their costs as items like oil, imported coal,
metals and minerals and imported industrial intermediate
products will get affected. Despite fall in the international
prices of Crude Oil, importers will not get the benefit of
same as they have to pay more in Rupee to buy the same
quantity of oil.
ƒƒ Foreign Borrowings: Deprecating Rupee has also made
foreign borrowings costlier. As per recent publication by
RBI, India’s total external debt has increased to 336 billion
USD. The corporate had been resorting to ECB (External
Commercial Borrowings), FCCB (Foreign currency
Convertible Bonds) route to fund their requirements since
there was a huge liquidity problem and rising interest
cost in the country. However, a sharp fall in Rupee has
made repayment of foreign loan costlier.
Comparative Exchange rate movement:
To understand whether the Indian currency is the only one
which has faced such a downturn or if there are other nations
whose currencies have also suffered such setbacks, an analysis
has been made below which shows that the currency of the
emerging economies have also depreciated against the USD.
(Source : RBI)
Reason behind such untoward movement:
There are varied reasons for the Rupee becoming unstable:
ƒƒ Acute global risk aversion and continued apprehensions
about the domestic macroeconomic landscape.
ƒƒ Adverse Budgetary proposals – GAAR (General AntiAvoidance Rules)
ƒƒ Worsening BoP (Balance of payment) position- The causes
of Rupee depreciation can be traced to the country’s
worsening BoP situation. Trade deficit during 2011-12
amounted to USD 184.9 billion, as compared with USD
118.7 billion during 2010-11.
ƒƒ Higher Inflation
ƒƒ FII (Foreign Institutional Investor) exiting India- With
global unrest and fall in stock markets FII ‘s are also
pulling out money from India and back to their native
countries.
TMILLAN / OCTOBER 2012
Currency
Brazilian Real
Equivalent to 1 USD
Lowest in
last eight
26.09.12
months
1.70
2.03
% Decline
19.41%
Chinese yuan
6.27
6.31
0.64%
South African Rand
7.44
8.23
10.62%
Mexican Peso
12.59
12.87
2.22%
Russian Ruble
28.90
31.18
7.89%
It is evident from above, that unrest in the western countries
has affected the economy and thereby the currencies of the
nations in the other parts of the world deeply.
Suggestions – What the authorities can do:
Introduction of a special USD buying window for oil companies
Issuance of a Dollar denominated bond to boost NRI inflows if
the Rupee does indeed come under significant pressure.
The government can take initiatives which encourage and
increase the flow of foreign investments into India
PAGE 9
EMPLOYEE CORNER
Relaxing ECB (External Commercial Borrowings )Norms
The government can make investments attractive and invite
long term FDI (Foreign Direct Investment) debt funds in
infrastructure sector.
Government can consider temporary import compression.
FDI (Foreign Direct Investment) in the aviation industry, retail
can also attract foreign investors.
World Risk Day
By Mr.Pranab Roy Chowdhury
Internal Auditor,Kolkata
ƒƒ Governance and Management Lessons from the Financial
Crisis;
ƒƒ How Taking Smarter Risks Will Drive Value and Growth;
ƒƒ The Importance of Organisational Risk Culture;
ƒƒ Effectively Integrating Practical Risk Assessments into an
Organization’s Strategic Decision Making Process;
ƒƒ The Connection between Enterprise Risk, Business
Continuity and Insurance;
ƒƒ Managing the Risk of Government.
Supporters
World Risk Day has attracted supporters from around the
globe (viz. Active Risk, The Association for Federal Enterprise
Risk Management (AFERM), The Institute of Risk Management
(IRM), The Institute of Risk Management South Africa
(IRMSA), the Major Projects Association (MPA), The Risk
and Insurance Management Society, Inc. (RIMS), The Risk
Management Institution of Australasia Limited (RMIA), The
Risk Management Association e.v. (RMA) and many more)
who believe that taking smarter risks based on superior risk
intelligence can drive innovation and competitive advantage.
Speakers
Speakers included representatives from The Coca Cola
Corporation, Crossrail (Europe’s largest infrastructure
project), Pricewaterhouse Coopers, Active Risk and risk trade
bodies from around the world. Content from the World Risk
Day Virtual Summit will be archived and made available ondemand and free of charge to all registrants.
World Risk Day, launched on June 26, 2012, focused on the
benefits of taking smarter business risks, kicked off its Virtual
Summit with sessions featuring over twenty expert speakers,
twelve live presentations, and a range of on-demand content all focused on sharing global best practices around enterprise
risk management (ERM). World Risk Day presentations began
at 5:00 P.M. in Sydney, Australia (3:00 A.M. EDT*) and covering
Africa, Europe and the USA scheduled to end at 10:00 P.M.
in the UK / 5:00 P.M. EDT / 2:00 P.M. PDT**, enabling risk
practitioners and participants from all around the world
to be involved. The Virtual Summit has over 1,200 webinar
registrations.
What is World Risk Day?
World Risk Day is the first ever awareness day focused on
the opportunities which come from taking smarter risks
supported by the right intelligence. Through a Virtual Summit
and ongoing conversation, World Risk Day provided a global
forum for business leaders to share best practices on how
taking smarter risk drives strategy, confidence, and ultimately,
profitability within the organization.
World Risk Day Virtual Summit topics include, among others:
TMILLAN / OCTOBER 2012
In addition to the Virtual Summit, other World Risk Day
highlights include:
ƒƒ World Risk Day Resource Center - This online resource
center features a consolidation of the most relevant and
informative risk information from around the world.
ƒƒ World Risk Day Blog - The World Risk Day blog, updated
regularly, covers the hottest topics related to enterprise
risk management and features expert commentary from
guest bloggers.
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PAGE 10
FAMILY CORNER
We introduce the Family Corner section for the first
time in this edition of TMILL. This section will feature
contributions from the family members of employees of
the TMILL Group. We invite participation from all - articles,
prose, poetry, paintings...anything imaginative and new is
welcome!
Hindsight
By : Ms Aditi Bhowmick,
D/O Mr K. L. Bhowmick
“The future belongs to those who believe
in the beauty of their dreams”.
-Eleanor Roosevelt
When I was a little kid, my world
comprised of Malory Towers, Darrell
Rivers was my heroine and my dreams
knew no limit. Though, somewhere in
my sub conscience I had accepted that
certain things are probably beyond my reach. Therefore, I
grew up in reverse. Normally, when one grows up they realize
their dreams cannot be true and accept reality. My life has
sort of been an odyssey from reality to dreams. I was terribly
pragmatic when I was a child, but now I trust my most idyllic
dream because I believe, that if our belief is honest enough
and if we want things for earnest, there isn’t any looking back.
So I joined Welham Girls’ School when I was twelve. Boarding
school made me understand the essence of walking the extra
mile and not only for oneself, for others as well. I grew up with
values which are hard to find in the age of commercialized
education. I had never planned to study abroad initially; I had
set my heart on Stephens like many Indian kids. However, in
class 10, I was selected for a month long exchange with St.
Edwards School, Oxford. To put it as simply as possible, I fell
in love with the city of Oxford, the dreaming spires, pristine
sky and the smell of history, art, literature and culture in the
air. Oxford seems like a distant dream when one is young, not
only today, but even during our grandparents’ times. I realized
that there is something very inviting about a multicultural
atmosphere. One feels more conscious of their Indian identity
once placed in a globalized milieu. I came back convinced I
wanted to teach in Oxford. But as the years rolled, I realized
it was not easy at all. Places like Oxford and Cambridge are
very selective in their admissions process and offer the same
restrictive courses as the Indian curriculum. Moreover, with
ISC and no IB or GCSE experience, it is a long shot. Also, it is
expensive, this is not to discourage at all, but these are the
hard facts. Nevertheless, during my second last year of school,
a very close friend of mine who is now studying in Yale opened
my mind to the brilliant liberal arts institutions offered by
TMILLAN / OCTOBER 2012
the United States. The Ivy League schools are actually not
unassailable. If you have dreamt of being a Princetonian, a
Cornellian , and a Stanfordian and so on as a kid, it’s actually
not a futile daydream. It is very possible. The Ivy League schools
of US are need blind and if they think you are good enough
for them, they’ll do anything to ensure you get to study in
their schools, and that includes giving out massive financial
aid. The application process is very simple and comprehensive.
Most colleges require SAT and at least two SAT subject tests.
However, this is not the only criteria for admission. Students
who have scored 2400 in SAT cannot be sure of getting into
Ivies. The essay and letters of recommendation are equally
essential. If you have been an all rounded person in school
and are passionate about what you do, it’s your call. It’s not
only about getting all the algorithms in Math right, you could
be a brilliant cartoonist or a remarkable photographer, and
these universities are looking out for you.
Nevertheless, I worked hard on my applications. I had a
tougher time than usual because I was in a boarding school
and boarding comes with innumerable responsibilities. I was
also involved in Intensive debating, writing, music, art and
was a student editor. So my bag was pretty much overflowing.
In addition to that, I had to deal with the drudgery of
preliminary examinations and ISC preparation. I managed
finishing my applications before the deadline somehow.
But in the end, the toil paid off. I got accepted by Cornell
with the Tata Scholarship. I also got accepted by a few other
remarkable schools. I managed a surreal ISC score and things
worked like a dream. I am months away from beginning my
undergraduation at Cornell and could not be more thrilled.
The feeling is as if the world is my oyster. So if your parents
are supportive, and you have nurtured dreams since you were
a child, don’t resist the urge to do well in life, and take the
chance.
Best of Luck!
Aditi has been awarded the TGELF Fellowship and is presently
pursuing her undergraduate studies at Cornell University, USA.
My foray into the wilds
By : Ms. Anisha Bose
D/o Mr. D. Bose
It was on 31st of March, that my family
and one of our close friends decided to
go to Madhya Pradesh to explore the
jungles of Bandhavgarh and Kanha.
We took an overnight train to a placeGondia (Maharashtra). It was wonderful
to have a trip like this. Our youngest
member -Ishika was very excited.
PAGE 11
FAMILY CORNER
It was quite a long journey from that place to Kanha .We were
all tired and so we went to our rooms. This was the funniest,
there were no rooms, and instead there were tents! They were
a little far from the reception. They were huge and beautiful
with an attached patio. The atmosphere did have a wild look
with tiger grass all around and bright sun shine each day.
We, the children, or ‘bachha party’ as coined by Jaya aunty,
went for a swim. We had ordered the most delicious milkshakes
for each of us, which later made a hole our parent’s pockets.
Next day, or rather I, would call it dawn-5:30 am, we got
ready with torches in our hands as it was pitch dark and
the only light present was coming from the fire flies. The
parents had porridge with wine, as the staff of Kanha called
it an ‘eye opener’. I took Esha’s (Ishika’s elder sister) advice
and had hot chocolate. It was yummy! Around-5:45a.m.
we started from the campus. On our way, our naturalistMr.Akash or the children’s-our favourite Akash uncle was
telling us about the rules and regulations of the core jungle
areas that must be followed. My eyes fell on a strange tree
with at least 80 bee-hives in it. I took lots of pictures of
that tree. I specially have interest in such wonderful things
as they will remain as the most precious memoirs of my life.
Our first day in the jungle was quite adventurous, although
that day it was hard to spot the Big Cat. Although the big cat
eluded us, Wild boars, Peacocks, Hawk eagles, Red jungle fowl,
Barasinghas, Sambar deer waited for our attention.
The next day too turned to have bad luck for us. That
evening we went for a small trek near the Banjaar River
flowing next to our cottage. I had heard about wild boars
and that they could attack and injure a person severely.
At that time we heard a roar and a tiger call given by the
monkeys. We were all alarmed about the thought that the
tiger could cross the river and could come this way and attack
us. At that moment, Esha asked everyone what calls each of
us knew. I answered “Tiger calls” Naturalist - “All the calls”.
At the end she answered she knew only about phone calls!
The third day, was our last day in Kanha. We left early morning
for our drive to Bandhavgarh. In between we saw very scenic
places adorned with trees. As we arrived, we found that the
hotel had a very innovative way of welcoming guests-the
staff was waving, and there was a smile in each person’s face.
We had seen this same way of welcoming in Kanha as well.
A very interesting fact-in Kanha, we were staying in
tents near the Banjaar River, so the place was called
Banjaartola. In Bandhavgarh, we lived in cottages-so
called ‘Kothis’ with Mahua trees all around, thus the
name ‘Mahuakothi’.It had been a pleasant stay at Kanha,I
wondered if our luck would change in Bandhavgarh.
TMILLAN / OCTOBER 2012
On our first day in Bandhavgarh, we visited a village, where
they provided us information on the sloth bears- how they
attacked for having Mahua. When we were coming back, the
children were waving at us. It was a wonderful feeling, as
though they were our close friends.
Next day, our routine remained the same. We all got up at 5:30
am, ready to go. As soon as we entered the forest, we saw a
jungle cat which crossed our gypsy. From that time I had a
feeling that this time I would get to spot a tiger. For a long
time we were roaming all around the forest, till the time our
naturalist- Olvin uncle (an extremely serious person with a
huge ‘Air India Maharaja’ like moustache)got the news of a tiger
nearby. So all the other gypsies along with ours’ ran to see the
star of the jungle. I was very fortunate to see a tiger-no-wait,
to see two tigers on the same day. My day was surely made.
The second time, when we spotted the tiger, you wouldn’t
just believe that we saw it coming out of the jungle, crossing
the National Highway and entering the next forest. It was a
wonderful day. We all were stunned, but the star tiger was
oblivious of the fact that his audience gave their topmost
attention, kept clicking his pictures in their cameras. He
walked away like a huge celebrity.
On our way back to Kolkata, we stayed at one of my Dad’s
friend’s house. They had a huge bungalow and a very
intelligent dog - Dobby.
We had a flight from Benares to Kolkata, so we stayed there
for a day too, enjoyed the puja in the temples and had their
special dish made out of milk. My Mom bought a few Benarasi
sarees for our relatives.
In the flight, I kept thinking about the day when I had spotted
two tigers on the same day. I was surely lucky and felt
overexcited. Next day I found myself on my bed. We then met
Esha, Ishika, Jaya aunty and Ashish uncle at their place for
lunch and watched the videos and had a lot of fun.
...in Kanha, we were staying in
tents near the Banjaar River, so the
place was called Banjaartola. In
Bandhavgarh, we lived in cottagesso called ‘Kothis’ with Mahua
trees all around, thus the name
‘Mahuakothi’....
PAGE 12
CONGRATULATIONS
Congratulations to Mr. Samarendra Mohanty (TMILL
Dhamra) on his wedding. We wish him all the best for a
prosperous life ahead
Congratulations to Ms. Sudipa Bhattacharya (CHA &
IL,Kolkata)on the birth of her beautiful daughter Ahana
on 12th April 2012.
Heartiest congratulations to Mr. Swarup Tripathy (TMILL
Dhamra) on his wedding. We wish him all the best for his
future.
We congratulate Mr.Samy Hamed (TKM GMBH) and his
wife Noha on the birth of their son Malek, who was born
on the 20th of June 2012 in Hamburg, Germany.
Mr. Janmejay Panigrahi (TMILL Dhamra) & Ms Nibedita
Swain(TMILL Dhamra) tied the knot on 24th June 2012.
May they have a blessed life ahead.
Our heartiest congratulations to Mr. Ashish Baghel (ISL
Dubai) for having been blessed with daughter Sharvi on
3rd June 2012.
TMILLAN / OCTOBER 2012
Heartiest congratulations to Ms. Madhumita Bal (TMILL
Dhamra) and Mr. Sitansu Bhusan Sahani (TMILL Dhamra)
on their wedding and wish them the very best for their
future.
PAGE 13
CONGRATULATIONS
achievements
ƒƒ We applaud the efforts of Ms. Madhumita Sahani of
TMILL Dhamra, who collected INR 25000 towards the
building of the shelter for Bibekbharati Sebasram, Kupri,
Balasore-an orphanage which is home to thirty five
young children. A big thanks to all the members of TMILL
family who contributed their bit towards this effort. This
is a great initiative and we hope that many more such
endeavours will be undertaken in future.
ƒƒ We congratulate Mr. T.L. Satyaprakash of TKM Chennai for
receiving a token appreciating his consistent performance
in clearing CEBO shipments of M/s Titan Industries Ltd,
on time. May he win many more of such accolades in
days to come!
Congratulations to Mr.Aritra Mitra, S/o Mr.Partha
Pratim Mitra for securing 82.3% in his Secondary Board
Examination.
ƒƒ Congratulations team TKM Kolkata on securing the second
runner up position in the six- a- side Cricket Tournament
organized by Tata Steel Sports Club. The trophy was
handed over to them in the Annual Social and Prize
Distribution ceremony conducted by the Tata Steel Sports
Club on Thursday, 14th June 2012. We wish the team a
grand success in the next edition of the Tournament.
We are pleased to inform that Mr Subhasis Biswas and
Mr A K Kundu of TMILL Haldia participated in the Inter
Company Fire Prevention Quiz at Indian Oil Refinery,
Haldia. The TMILLTD team came third amongst twelve
teams. We congratulate the participants and wish them
all the best for such endeavours in future.
Congratulations Ms. Priyanka Pramanik,D/o Mr.Robin
Pramanik (TMILL Kolkata), for being awarded the The
William E & Jean J Tucker Award for Leadership & Service
for the year 2012 at Texas Christian University,two years
in a row. We wish her all the best and are sure that she
will continue to make us proud.
TMILLAN / OCTOBER 2012
Kudos to the TMILL Jamshedpur cricket team who
managed to secure the first runner up trophy in the 18th
TAYO Cup Corporate cricket Tournament, in their first year
of participation. They were also awarded for being the
team with the “Best run rate”. May they bring back the
Champion’s Trophy next time around!
PAGE 14
NEW JOINEES
Name
Rosemarie Delatorre
Month
January 2012
Place
Dubai
SBU
ISL
Name
Nick Cowles
Month
August 2012
Place
London
SBU
ISL
Name
Place
SBU
M.O.J.
Mr. Judes Anton Selva
Raj
Chennai
TKM
July
Ms. Andrea Wentzien
Hamburg TKM GMBH
Mr. Frank Chen
Qingdao
TKM China
August
Mr.Amit Kumar Maji
Haldia
Port
Operation
August
Mr.Vinay Kumar Singh
Dhamra
Port
Operation
September
July
ALSO JOINING US
Name
Place
SBU
M.O.J.
Bangalore
TKM
April
Mr.Sunil Kumar Singh
Dhamra
Port
Operation
April
Mr.Sushil Kumar Rai
Dhamra
Port
Operation
April
Mr.Bhagirathi Pati
Dhamra
Port
Operation
May
Mr.Karunakar Das
Dhamra
Port
Operation
May
Ms.Dipali Dinesh
Purohit
Baroda
TKM
May
Mr. Ram Kumar Sunder
Dubai
ISL
May
Mr.Rathnakaram V.
Subbaraju
CONDOLENCE
It is with deep regret that we mourn the sad demise
of our dear colleague Mr. Sunil Jadhav of TKM,Mumbai.
He passed away on 2nd September 2012. He is survived
by his wife and three children-we offer our heartfelt
condolence to the bereaved family.
PUZZLE
By Mr. Tridib Sircar, TKM, Kolkata
Dear Friends,
Mr.Pritam Poddar
Kolkata
TKM
June
Ms.Akansha Dwivedi
Indore
TKM
June
Mr. Ramesh Menon
Dubai
ISL
June
Ms.Snehal Shekhar
Vaze
Pune
TKM
June
Mr. Chintan Kalpesh
Desai
Mumbai
TKM
July
Mr. Judes Anton Selva
Raj
Chennai
TKM
July
TMILLAN / OCTOBER 2012
Here is a quiz that will test your knowledge on some amazing
and fun facts. If you can find the answers, write to us at:
[email protected] and/or [email protected].
The first three early bird entries to get all the answers
correct will receive token rewards.
1.
2.
3.
4.
Which is the Largest Living Animal without a Back Bone ?
Which bird feeds its young one about 300 times a day ?
What is the maximum time a total solar eclipse can last ?
Which insect can see about 25000 images of an object
at a same time ?
5. Which sea is only 13 mts deep at the its deepest point?
6. Which living being brain uses the same amount of power
as a 10 Watt electric bulb ?
PAGE 15
PUZZLE
7. Which tree can explode like a bomb if it is caught in a
forest fire as the tree contains a highly explosive oil?
8. Which metal weights more after it has been burned as
the ashes are heavier than the metal ?
9. Which is the living being that can walk forward but swim
only backwards ?
10. Which is the only insect that catches it prey by forming
its legs into the shape of a basket ?
11. Who was the first communist leader of Russia who
owned a Rolls Royce Car that has been specially made
for him ?
12. Which object will not dissolve in Acid, the only thing that
can destroy it is intense heat ?
13. Which insect has 11 brains ?
14. Which insect never stops growing through it lifetime, the
older they grew the bigger they get ?
15. Which part of human body contains more bacteria that
any other orifice in the body ?
16. Which fish can discharge upto 650 electric volts around
more than 50 times of an average car battery ?
17. Which animals tongue prints are unique just like our
finger prints? No two animal have the same tongue prints
18. Which is only animal that sleeps on its back ?
19. Name the only animal that cannot swim ?
20. Which colour is used for danger in scientific laboratories?
21. Which mammal’s heart beats only 540 times in an hour ?
22. Which animal never closes its eye although it rests for 8
hours out of 24 in a day and is in a state of drowsiness
during that time ?
23. Which part of human body continues to grow throughout
a person’s life ?
24. Which famous King bathed every two days in a mixture
of Wine and Cream ?
25. Which is the most widely used Vegetable in the World ?
Solution for the word Jumble published in the last edition, is as follows:
K
R
C
X
P
S
M
P
K
O
Z
X
K
C
V
I
J
C
H
E
N
N
A
I
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K
N
A
B
I
L
M
F
V
K
M
T
I
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P
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T
N
Y
S
W
D
U
F
L
K
H
D
L
O
A
I
D
U
A
E
V
B
M
A
H
R
L
K
O
S
V
L
G
K
C
N
O
A
B
N
V
A
A
F
W
I
A
S
H
P
Y
N
G
P
A
J
H
K
L
M
Z
N
V
A
M
I
K
O
C
H
I
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I
F
U
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P
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P
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A
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K
O
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N
V
N
I
T
P
A
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I
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A
P
E
M
A
A
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D
N
M
K
T
B
P
A
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E
D
N
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O
N
A
K
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K
A
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A
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A
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C
A
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U
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P
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N
N
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M
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A
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A
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The names of the sixteen ports are highlighted in yellow and the alphabets are marked in red. The early bird winners for this
word Jumble are:
1) Mr.Ashok Raj Viswanathan (TMILL Haldia) 2) Mr. Subhasis Biswas (TMILL Haldia) 3) Mr. M. A. Patrudu (TMILL Haldia)
Congratulations to all three of you! We will get in touch with you shortly for your rewards! We have also received many more
correct responses to the puzzle; we thank all of you for your enthusiasm and hope that you will keep engaging with us similarly
for all the future editions of TMILLAN.
Please send your suggestion/feedback to
[email protected] / [email protected]
TMILLAN / OCTOBER 2012
PAGE 16