A report on

The live project conducted at HINDUSTAN PETROLEUM

BUSINESS ETHICS

Topic

Rating Petrol Bunks in Calicut city on the basis of their ethical values

INTRODUCTION

As part of the live project “Rating Petrol Bunks in Calicut city on the basis of their ethical values ”. I visited city petroleum, Swadesh petroleum, Ramayya and son’s petroleum in Calicut city. This is an attempt to highlight the ethical values that followed by HP, which was conducted as a part of our BUSINESS ETHICS Live project. Needless to say that this report contains the necessary information relating to the ethical values that followed by HP.

THE COMPANY PROFILE

Hindustan Petroleum is India's second-largest oil refiner (Indian Oil is #1, Bharat Petroleum is #3) and accounts for more than 20% of the country's total refining capacity. The company has two major refineries -- one in Mumbai (formerly Bombay), the other in the southern Indian city of Vishakapatnam -- and produces lubricants, aviation fuel, liquefied petroleum gas, and light diesel oil. Hindustan Petroleum also holds nearly 17% of a refinery at Mangalore and is establishing another refinery in the state of Punjab. Other businesses include pipelines, a lube refinery, and a network of more than 6,660 retail stations. The Indian government owns 51% of the company, which was established in 1974.

Company Type	Public (Mumbai: Full Quote)
Fiscal Year-End	March
2005 Sales (mil.)	$13,536.0
1-Year Sales Growth	18.7%
2005 Net Income (mil.)	$291.7
1-Year Net Income Growth	(32.4%)
2005 Employees	10,561
1-Year Employee Growth	(4.8%)

Hindustan Petroleum Corp. Ltd. , India
Web site	http://www.hindpetro.com
2005 IW 1000 Rank	210
2004 IW 1000 Rank	190
Executive 1	Parminder Mathur, Chife Vigilance Officer
Executive 2	D. Mathur, Dir., Refineries
Revenues (US$ Millions)	12477
Earnings Per Share (US$)	1.35
Total Equity (US$ Millions)	1738
Return On Equity (%)	30.97
Debt To Equity Ratio (%)	0.35
Market Capitalization (US$ Millions)	NA
Revenue Growth (%)	-3.38

Name of the out lets

o city petroleum

o Swadesh petroleum

o Ramayya and sons petroleum

Employees who were interviewed

Name Job profile age out let

1 Sheena D S G 28 city petroleum

2 Jaya praba D S G 34 Swadesh petroleum

3 Balakrishnan D S M 50 Ramayypetroleum

D S G -Driver sales girl, D S M -Drivers sales men

How involved companies in the interest of the employees

Health

Sheena

Jaya prabha

Balakrishnan

She does’t have any health problem related to petroleum products.
Company has keeping first Aid boxes
But company has not provided any additional benefit related to the health problems of the employees.

She suffers from allergy problem due to the petroleum products. But company has not provides any benefits (treatment benefits) and cash leave
Company has keeping first Aid boxes

He does’t have any health problem due to this petroleum products.
Company has keeping first Aid boxes
But company has not provides any additional benefit related to the health problems of the employees.

Job secure

Sheena

Jaya praba

Balakrishnan

No job securities.
No insurance coverage for employees.

Job is secured.

No insurance coverage for employees.

Job is secured.

No insurance coverage for employees.

Environmental protection

Fair Treatment

city petroleum

Swadesh petroleum

Ramayya petroleum

Better Fair treatment.
No partiality

Betted Fair treatment
No partiality

Better Fair treatment
No partiality

Education support

city petroleum

Swadesh petroleum

Ramayya petroleum

· No education support.

Solve social problems and charity

city petroleum

Swadesh petroleum

Ramayya petroleum

· No any support to solve social problems and charity for employees.

Solve work related problems

city petroleum

Swadesh petroleum

Ramayya petroleum

They are providing full support to solve the work related problem

They are not providing support to solve the work related problem

They are providing full support to solve the work related problem

Analysis

Here the data are ranked based on the scale from 0 to 5.

· 0 Bad

· 1 minimum

· 2 Fair

· 3 good

· 4 Very Good

· 5 Excellent

Factors considered			Ratings
	0	1	2	3	4	5
Health
Secure jobs
Environment Protection		ü		ü	ü
Fair Treatment of employees
Education support
Solve work related problems
Provide uniform
Compensation Package
Satisfaction level

Factors	Rating
Health	2
Secure jobs	0
Environment Protection	2
Fair Treatment of employees	5
Education support	0
Solve work related problems	2
Provide uniform	4
Compensation Package	2
Satisfactory level	2

Conclusion:-

Today the entire concept of business have been changed and the business consider social responsibility as its prime function. Apart from a economic activity business is treated as a social institution with a social mission. Today all business concerns are giving much importance to social responsibility and which is very essential for the long term gain of the business. Hindustan Petroleum is the one such company which gives more importance to the welfare of its employees and the society.