Administration Report 2013-14
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ADMINISTRATION REPORT 2013-14 Visakhapatnam Port Trust ISO 9001 ISO 14001 & OHSAS 18001 OUR VISION To be the most preferred port in South Asia offering services of global standards OUR MISSION To be a major partner in meeting the logistics requirements of the Importers and Exporters of the region Board of Trustees . i Principal Officers of the Port . iii Year at a glance . iv Balance Sheet at a glance . vi Trustees’ Report . vii Vital port statistics . 1 Operational performance . 2 Financial performance . 14 Capital expenditure . 18 Human Resource Development . 20 Safety Measures . 23 Environment Management . 24 Other events . 27 CONTENTS Annexures . 31 Annual Accounts . 147 Note on Accounts . 168 Relocation of Statues of Founder Engineers’ of Visakhapatnam Harbour Col. H. Cartwright Reid (1921 - 1928) and Wilfrid C. Ash (1928 - 1934) Board of Trustees VISAKHAPATNAM PORT TRUST BOARD OF TRUSTEES 2013-14 1. Shri Ajeya Kallam, I.A.S Chairman (upto 04.06.2013) Shri G.V.L.Satya Kumar, IRTS Chairman i/c (from 05.06.2013 to 10.09.2013) Sri R.P.S. Kahlon, IAS Chairman From 11.09.2013 2. Shri G.V.L.Satya Kumar, IRTS Dy. Chairman 3. Shri M. Ponnu Swamy Commissioner of Customs (from 22.10.2012 to 11.08.2013) Visakhapatnam Shri C. Rajendiran (from 12.08.2013) 4. Shri Rajiv Ranjan Mishra, IAS Principal Secretary to Government (from 17.01.2013 to 17.07.2013) Infrastructure & Investment Dept., Shri Jayash Ranjan, IAS Andhra Pradesh Secretariat (from 18.07.2013 to 24.10.2013) Hyderabad Shri M.T. Krishna Babu, IAS (from 25.10.2013) 5. Shri Sunil Mishra Joint Secretary (Marine Administration) Ministry of Shipping, Government of India, New Delhi 6. Shri M.A.Thalha Commander Coast Guard District Head Quarters No.6 Eastern Naval Command Visakhapatnam 7. Cmde. Ajay Saxena Naval officer in charge (AP) Eastern Naval Command Visakhapatnam 8. Shri Debraj Panda, IRTS Chief Freight Transportation Manager (upto 05.08.2013) East Coast Railway Bhubaneswar Sri Deepak Kumar Jha, IRTS (from 06.08.2013) 9. Shri S.V. Durga Prasad Engineer Ship Surveyor (upto 03.06.2013) Mercantile Marine Department Shri J. Mukhopadhaya Visakhapatnam (from 04.06.2013) Administration Report 2013 - 14 i Board of Trustees VISAKHAPATNAM PORT TRUST BOARD OF TRUSTEES 2013-14 10. Shri V. V. Rama Rao Hony. President Visakhapatnam Harbour & Port Workers Union, Visakhapatnam 11. Shri D. K. Sarma General Secretary Visakhapatnam Port Employees Union Visakhapatnam 12. Shri V.V.R. Narasimham Executive Director Hindustan Petroleum Corporation Ltd. Visakhapatnam 13. Shri K.V.Krishna Kumar Director K.Ramabrahmam & Sons (P) Ltd., Platinum House, 25-12-6, Godeyvari Street Viskhapatnam 14. Shri C.V.Atchut Rao Managing Director CVSV Agritech & Exim Ltd., Federation House, FAPCCI Marg, 11-6-841, Red Hills, PB No.14 Hyderabad 15. Shri Charan Kumar Kavuru 43-5-43/12, Surya Apartments Railway New Colony Visakhapatnam 16. Shri Tippala Chinna Appa Rao Door No.12-60-10(3) Aruna Complex, B.C.Road, Gajuwaka, Visakhapatnam 17. Shri League M.Mohan No.12 AB, Taramani 100 Ft Road Velachery, Chennai 18. Shri A.Mahesh Reddy Sai Krupa, D.No.8-3-833 Plot Nos. 37 & 38, Phase 1, Kamalapuri Colony, Hyderabad 19. Shri D.V.A.Prasada Raju Majjivalasa Village Bheeminipatnam Mandal Visakhapatnam ii Administration Report 2013 - 14 Principal Officers PRINCIPAL OFFICERS OF THE PORT TRUST (as on 31.03.2014) 1 Shri Ajeya Kallam, IAS Chairman 2 Shri G.V.L.Satya Kumar, IRTS Dy.Chairman 3 Shri Mujib Pasha Shaik ITS Chief Vigilance Officer 4 Shri K.Ramachandra Rao Chief Engineer 5 Shri D.Naresh Kumar Secretary 6 Shri Satish Honnakkatte Chief Mechanical Engineer & C.M.O. i/c 7 Capt. S.Mathur Dy. Conservator 8 Shri S.Gopalakrishna Traffic Manager 9 Shri R. Ramesh Karthikeyam Financial Adviser & Chief Accounts Officer 10 Shri K.K.Chaturvedi Sr. Commandant, CISF Administration Report 2013 - 14 iii Year at a Glance YEAR AT A GLANCE 2013-14 PHYSICAL INDICATORS Description Unit 2013-14 2012-13 Overseas Traffic million tonnes 41.40 41.21 Coastal Traffic million tonnes 17.10 17.83 Total Traffic million tonnes 58.50 59.04 Container Traffic TEUs 262,091 247,311 Ships entered – Inner Harbour nos. 1,145 1,108 Ships entered – Outer Harbour nos. 865 954 Ships entered – Total nos. 2,010 2,062 Average Pre-berthing detention (Port a/c) Hours 1.45 1.41 Average Turn Round Time (Port a/c) days 2.38 2.33 Output per Ship Berth Day tonnes 10,928 10,645 Average parcel size Tonnes 29,636 28,938 Cargo moved by Port Railways million tonnes 32.80 34.90 Cargo loaded at OHC million tonnes 8.03 9.58 Quantity Tippled at OHC million tonnes 9.37 8.88 Output per Gang Shift tonnes 725 626 Persons employed as on 31st March (including Cargo Handling Division – erstwhile VDLB) nos. 4,703 4,941 iv Administration Report 2013 - 14 Year at a Glance YEAR AT A GLANCE 2013-14 FINANCIAL INDICATORS Description Unit 2013-14 2012-13 Operating Income (` in Lakhs) 80,082.10 70,287.71 Finance & Miscellaneous Income (` in Lakhs) 14,891.91 18,664.41 Total Income (` in Lakhs) 94,974.01 88,952.12 Operating Expenditure (` in Lakhs) 41,605.30 34,707.33 Management & General Admn. Expenditure (` in Lakhs) 16,149.37 14,234.70 Finance & Miscellaneous Expenditure (` in Lakhs) 34,014.74 36,306.00 Total Expenditure (` in Lakhs) 91,769.41 85,248.03 Operating Surplus (` in Lakhs) 22,327.42 21,345.68 Net Surplus (` in Lakhs) 3,204.59 3,704.09 Provision for Taxation (` in Lakhs) 1,361.85 -2,667.00 Transfer to Reserve (` in Lakhs) 0.00 6,347.26 Surplus after Appropriation (` in Lakhs) 1,830.13 23.82 Total Wage Bill (` in Lakhs) 28,259.51 24,068.41 Capital Expenditure (` in Lakhs) 27,093.68 6,804.67 Net Capital Block (` in Lakhs) 90,250.51 89,897.58 Total Reserves (` in Lakhs) 186,245.18 184,384.14 Borrowings (` in Lakhs) 5,000.00 — Net worth (` in Lakhs) 186,245.18 184,384.14 Total Capital employed (` in Lakhs) 128,778.22 104,797.15 Operating Ratio (Percent) 72.12% 69.63% Return on Capital employed (Percent) 2.49% 3.53% Administration Report 2013 - 14 v Balance Sheet at a Glance BALANCE SHEET AT A GLANCE (` in Lakhs) Description As at 31st March 2014 2013 ASSETS CAPITAL ASSETS AT ORIGINAL COST 146715.15 143115.80 LESS: Depreciation Reserve 56464.64 53218.22 Net Capital Block 90250.51 89897.58 Capital Work in Progress 32440.37 9829.15 INVESTMENTS 16547.35 55645.59 CURRENT ASSETS 199374.03 156981.10 Less: Current Liabilities 160846.33 142081.54 Net Current Assets 38527.70 14899.57 DEFERRED REVENUE EXPENDITURE 13479.25 14112.25 TOTAL 191245.18 184384.14 LIABILITIES RESERVES AND SURPLUSES 186245.18 184384.14 CAPITAL DEBTS 5000.00 0.00 DEFERRED TAX LIABILITY 0.00 0.00 TOTAL 191245.18 184384.14 vi Administration Report 2013 - 14 Trustees' Report TRUSTEES' REPORT The Board of Trustees take the privilege in presenting the 81th Administration Report of the Port of TRAFFIC IN 2013-14 (MILLION TONNES) Visakhapatnam for 2013-14. During the year, the Port handled a quantity of 58.50 million tonnes of cargo. The Port Railways handled traffic of 32.80 million tonnes during 2013-14. Some of the notable achievements during 2013-14 include: • Handled the first ever Cape size vessel NGM SAILOR at the port on 10th March 2014 • Handled the highest quantity of 13.00 million tonnes of Iron ore& pellets among major ports(53% of the total volume handled by all Major ports) • Record capital expenditure of Rs.271 crores was spent besides investments by the PPP operators towards development of port infrastructure • Added a capacity of 20.43 MTPA taking the total capacity of the port to 88 million tonnes • The EQ-1 berth in the inner harbour was dedicated to the Nation on 13.12.2013 by the Hon’ble Union Minister for Shipping Important projects commissioned: • The mechanised coal handling facility developed on PPP mode at General Cargo Berth is operational from 8.4.2013 Inauguration of EQ-1 berth by Tiru G.K. Vasan, Hon'ble Minister of Shipping, Govt. of India. • Widening of EQ-5 and EQ-6 berths for operation of mobile cranes is completed on 8.1.2014 Administration Report 2013 - 14 vii Trustees' Report • Development of two railway sidings of full rake capacity on north side of JP railway line • Providing hard surfacing with CC blocks pavements at line nos.16 at R&D Yard and line No.1A & B at OHC • Strengthening of road surface with CC blocks in port area • Port of Visakhapatnam was adjudged Winner of Greentech Gold Award in port sector for safety for the performance year 2012-13 Major projects awarded: • Concession agreement signed on 13.12.2013 with M/s.Vadinar Oil Terminal Pvt., Ltd for “Up- gradation of the existing facility and creation of new facility for handling iron ore” on DBFOT basis at an estimated cost of `.845.41 crores • Letter of Award issued to M/s.Visakha Container Terminal Pvt., Ltd., for “Extension of existing container terminal in outer harbour” on DBFOT Inauguration of Floating Craft Jetties basis at an estimated cost of `. 633.11 crores on 30-12-2013 by Dr. Viswapathi Trivedi, IAS, Secretary, Ministry of Shipping • Work order issued on 20.12.2013 for “Development of West Quay North berth (WQ-7 and 8) in inner harbour” with internal resources at an estimated cost of `.221.14 crores • Work order issued on 29.10.2013 for dredging of outer approach channel, OHTC, ore berth and GCB area for handling 2.00 lakh DWT vessels • Work order issued on 12.4.2013 for strengthening of existing WQ return end in inner harbour to facilitate (-)16 m dredged depth viii Administration Report 2013 - 14 Trustees' Report • Revamping of R&D Yard to Railway standards by (i)replacement/renewal of railway lines including three years