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December 05, 2013  12:21 PM
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Under the merger terms, DB Desai will pown big stakes in two Haribhakti group companies, and the
merged entity will be called Haribhakti Desai Consultants (India). Dilip Desai, the 51-year old founder promoter of Desai & Co, will join as managing partner of flagship audit firm Haribhakti & Co.The financial terms of the deal are not disclosed. “This is the birth of a domestic professional services firm with a global outlook. This will increase our size and depth,” said Shailesh Haribhakti, chairman of Haribhakti & Co.The alliance will boost the combined entity’s presence in 10 cities and bolster revenues to Rs200 crore. While Desai & Co has its network of clients in the East and North, Haribhakti group is an established name in the West and South. “Dilip Desai is known for taxation and Haribhakti group is known for audit and consultancy.


The merger will help them become stronger by offering these services under one roof,” said ML Bhakta, senior partner of law firm Kanga & Co. The alliance is seen as an attempt to break into the ranks of four biggest multinational LOLER audits  — PwC, Deloitte, KPMG and Ernst & Young. While these four firms collectively handle accounting transactions worth Rs5,000 crore, the domestic accounting industry still has a size of only Rs1,000 crore.“We are aiming to scale up our manpower 10 times in the next five years. This means that we will have 13,000 people by 2018. We also aim to create a global network,” said Dilip Desai. The domestic consolidation is a reflection of a worldwide trend. Two top accounting firms BDO and PKF have recently merged to create a firm with 3,500 people.


The Big Four are the four biggest global networks in accountancy and professional services. This group was once known as “Big Eight” and was reduced to the “Big Six” and then “Big Five” by a series of mergers. The Big Five became Big Four after the demise of Arthur Andersen in 2002. “We need credible alternatives to Big Four. We would like to have depth of experience, history of performance and size. The coming together of two firms symbolises the importance of size and depth, something Indian firms started realising. It’s good to have strong domestic firms,” said Onne van der Weijde, managing director, Ambuja Cements. It was late Vinod Neotia, the former chairman of Gujarat Ambuja, who first mooted the idea of merger to the two promoters. “That was in 2000.Vinod Neoita called both of us for lunch and planted the idea of merger. He had told us that this would lead to a good blend of depth and relationships. While Dilip and me were convinced from day one, we wanted to get the consent of senior family members. We waited that to happen for more than decade,” said Haribhakti.

Gas monitors are used to detect the presence of gases in an area. They can be used for detecting a gas leak and interface with a control system so that a process can be shut down automatically. They are also useful for the detection of flammable, combustible and toxic gases as well as oxygen depletion. Installing a gas monitor requires the use of instrumentation familiarity and skills in order to achieve the best result.

Purchase your gas monitor unit from a reputable vendor and you should disconnect all power before you begin to wire the unit. The red wire should be connected to the positive 24-volt direct current (DC) terminal while the white wire should be connected to the signal input terminal. The third yellow or green wire is the ground wire and the ground should be mounted to the terminal inside the junction box used with the detector.A two-wire shield cable should be used to make the power and signal connections to the gas detection monitoring systems. You should ensure that the junction box frame is appropriately connected to the cable shield while the cable shield should be connected to the ground at the controller. The distance between the power supply and the gas detector should be kept under the suggested 8,000 feet maximum length so that the unit will perform effectively.

Take a look at the wiring diagram in the manual and confirm that your wiring is correct. The condition of the wiring should be verified in order to ensure that the connectors are firm. The sensor should be monitored and you should allow it to settle down for 24 hours before calibrating it. This will allow hydrogen chloride and ammonia sensors to stabilize because they normally require one hour to stabilize.The power should be switched on after 24 hours have passed and the unit will be on in the start up mode for a short time. It should then return to the fault mode with flashing indicators as you begin to calibrate it. The “CAL” switch should be flipped and you should use 20.9% O² tank to wash out the system for about 15 minutes. The magnet should be placed over the unit logo on the body of the sensor and should be held there until the “CAL” light appears.You should watch the unit flash as it zeroes the sensor and as soon as the light is solid, you should apply test gas concentration to 50% of full capacity. This should set off a blinking “CAL” light along with the “MODE” light indicating that the sensor has detected the gas. Both lights should glow for five minutes signifying that calibration has taken place and the unit has stored the new values.