Insurance adequacy and Genset performance

Insurance Adequacy

& Genset

Performance (Our knowledge your

choice)

2-Durai. Dhamodharan !!!Presented By

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What is Insurance?

-Durai. Dhamodharan !!!

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*It is an protection from financial loss.

* It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.-Durai.

Dhamodharan !!!

https://en.wikipedia.org/wiki/Risk_management

https://en.wikipedia.org/wiki/Hedge_(finance)

5 -Durai. Dhamodharan !!!

History of Insurance

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The Insurance Act of 1938 was the first legislation governing all forms of insurance to provide strict state control over insurance business.Purpose:- to safe guard the interest of insured, setting the norms for carrying out the business of insurance smoothly, Minimizing disputes -Durai.

Dhamodharan !!!

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Definition under the Act 1938 Dictionary of business and Finance defines “Insurance as a form of contract agreement under which one party agrees in return for a consideration to pay an agreed amount of money to another party to make good a loss, damage or injury to something of value in which the insured has a interest as a result of some uncertain event. -Durai.

Dhamodharan !!!

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Why Insurance

is important ?-Durai.

Dhamodharan !!!


Types of Insurance

Any Idea ?

-Durai. Dhamodharan !!!11



Audit check list for insurance verification• Name of the company• Nature of policy• Policy Amount• Expiry details of policy

/ Period of Insurance

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Audit check list for insurance verification• Risk coverage / Risk

Details• Location of the

property• Retention limit• Bankers Class• Valuation of property• In case of Vehicle



Genset Performance


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The device which converts mechanical energy to electrical energy is called generator

A Machine used to generate electricity

GENERATOR ELECTRICAL ENERGYMEHANICAL ENERGY


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1.Standby Generators 2.Portable Generators 3.Commercial Generators

Types of Generator

(DC & AC)


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STANDBY GENERATORS: These are large, often permanent

units often stationed outside a building and like to provide backup power in case the in electricity switches off.

They can sense when a power interruption has occurred and automatically start to provide emergency power


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PORTABLE GENERATORS: These generators are designed to

be transported whether on cart trailer or by hand where there is no utility of power.

They are capable of providing up to 1000 kilowatts of power. They use either diesel natural gas , gasoline or propane as fuel.


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COMMERCIAL GENERATORS:

In areas where power supply is intermittent or lacking as in THIRD WORLD provincial areas, generators can also be set up to provide additional power.


20-Durai. Dhamodharan !!!

Genset Maintenance

Schedule (GMS)

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Audit Check List1. Lighting2. Heating3. Cooling and Ventilation4. Electrical Equipment5. Water Use6. Awareness



Ex:1 Genset performance review.S. No

Asset Number

Date Starting Hrs

Ending Hrs

Total Run Hrs

Fuel Consumed (Ltr)

Average

Fuel Usag

e

Unit Total Fuel

Filled

Total Fuel

Removed (Lr)

1 ASD123 01.09.16 9.00 12.00 3.00 3.00 1.00 Ltr / Hr 20.00 1.002 ASD123 02.09.16 8.00 12.00 4.00 4.00 1.00 Ltr / Hr 3 ASD123 03.09.16 9.00 15.00 6.00 6.00 1.00 Ltr / Hr 4 ASD123 04.09.16 12.00 18.00 6.00 6.00 1.00 Ltr / Hr 5 ASD124 01.09.16 12.00 15.00 3.00 4.00 1.33 Ltr / Hr 24.00 0.506 ASD124 02.09.16 12.00 16.00 4.00 5.00 1.25 Ltr / Hr 7 ASD124 03.09.16 15.00 21.00 6.00 7.00 1.17 Ltr / Hr 8 ASD124 04.09.16 18.00 24.00 6.00 7.30 1.22 Ltr / Hr 9 ASD125 01.09.16 18.00 21.00 3.00 6.00 2.00 Ltr / Hr 40.00 2.0010 ASD125 02.09.16 16.00 20.00 4.00 10.00 2.50 Ltr / Hr 11 ASD125 03.09.16 21.00 3.00 6.00 10.00 1.67 Ltr / Hr 12 ASD125 04.09.16 24.00 6.00 6.00 12.00 2.00 Ltr / Hr -Durai.

Dhamodharan !!!

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Ex: 2 Genset performance review Asset No: ASD123 (Fuel consumption 1 Liter = Out Put Production 15Kg)

S. No Date Shift Starting Hrs

Ending Hrs

Total Run Hrs

Fuel Consumed

(Ltr)

Average Consumption (Ltr)

Output Production in

KGs

Average Production

In KGs

Production In KGs / Liter

1 01.09.16 1 6.00 14.00 8.00 10.00 11.00 150.00 165.00 15.002 14.00 22.00 8.00 12.00 180.00 15.003 22.00 6.00 8.00 11.00 165.00 15.00

2 02.09.16 1 6.00 14.00 8.00 12.00 11.00 192.00 159.00 16.002 14.00 22.00 8.00 10.00 120.00 12.003 22.00 6.00 8.00 11.00 165.00 15.00

3 03.09.16 1 6.00 14.00 8.00 12.00 12.33 132.00 135.67 11.002 14.00 22.00 8.00 13.00 143.00 11.003 22.00 6.00 8.00 12.00 132.00 11.00

4 04.09.16 1 6.00 14.00 8.00 10.00 11.67 120.00 152.67 12.002 14.00 22.00 8.00 12.00 156.00 13.003 22.00 6.00 8.00 13.00 182.00 14.00


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KGN - 3125 KVA

Litres UnitsProduc

ed

DieselConsum

ed

No of Hrs

Genset is

Run

AvgCost of 1 Ltrof

Diesel

DieselCost

Liters of Diesel

for ProducingOne Unit

ofPower

DieselCost Per Hour

UnitsProduc

edPer

Hour

Cost per Unit

Month OB Inwar

dsConsump

tionCB

April 30.00 390.00

380.00 40.00 824.00 380.00 39.00 58 22040

2.17 565.13 21.13 26.75

May 40.00 0.00 0.00 40.00 0.00 0.00 0.00 58 0 0.00 0.00 0.00 0.00June 40.00 500.0

0418.00 122.0

0 1084.00 418.00 36.00 58 2424

4 2.59 673.44 30.11 22.37

July 122.00

200.00

240.00 82.00 636.00 240.00 22.50 58 13920

2.65 618.67 28.27 21.89

August 82.00 200.00

125.00 157.00

320.00 125.00 11.00 58 7250 2.56 659.09 29.09 22.66

September

157.00

300.00

308.00 149.00

750.00 308.00 27.50 58 17864

2.44 649.60 27.27 23.82


EX: 3


Any Questions ? Thank You For Your

Time

Insurance adequacy and Genset performance

Education

Transcript of Insurance adequacy and Genset performance