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Notes to Accounts of Eastern Gases Ltd.

Mar 31, 2015

1. Terms&Rights attached to equity shares:

(i)The company has only one class of Equity shares having a par value of Rs.10/-- per share: Each holder of equity share is entitled to one vote per share:

(ii) In the event of liquidation of the company, the holders of equity Shares will be entitled to receive remaining assets of the comapny, after distribution of all preferential amounts. The distribution will be protionate to the number of Equity held by shareholders

(iii) None of the shareholders are holding more than 5% of Equity Shares in the company.

2. Corporate information

"The company is engaged primarily in the business of Bottling, tracing of LFG and Retailing of auto LPG It has its LFG Bottling plant at Dcrgapur and Auto LPG Gretailing station at Passchim Medinipur.

Particulars 31-Mar-2015 31-Mar-2014 Rs. In lacs Rs. In lacs

3. Contingent liabilities

(a) Bank Guarantee issued and 800.25 600.25 effective

4. Disclosure under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006

There has been no dues to Micro and Small Enterprises which have been determined to the extent such parties have been identified on the basis of information collected by the Management. This has been relied upon by the auditors.

5. Disclosure as per Clause 32 of the Listing Agreements with the Stock Exchanges

The company has no Loans and advances in the nature of loans given to subsidiaries, associates and others and investment in shares of the Company by such parties.

6. Previous year's figures

7. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.


Mar 31, 2014

Corporate information

The company is engaged primarily in the business of Bottling, trading of LPG and Retailing of AutoLPG. It has its LPG Bottling plant at Durgapur and Auto LPG retailing station at Paschim Medinipur.

2.1 Other Notes

1. The Company did not employ any person during the year with a salary of Rs. 500000/- P.M. Or Rs 6000000/-P.A. and as such information required u/s 217 (2A) of the Companies Act, 1956 read with Companies (Particular of the employees) Rule, 1975 has not been given.

2. The deposit shown in the Balance Sheet is the trade deposit which will not attract the provisions of Section 58A of the Companies Act, 1956

Note Particulars As at 31/03/2014 As at 31/03/2013 Rs. In lacs Rs. In lacs

2.2 Contingent liabilities

_(a) Bank Guarantee issued and effective 600.25 400.25

2.3 Disclosure under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006 There has been no dues to Micro and Small Enterprises which have been determined to the extent such parties have been identified on the basis of information collected by the Management.

2.4 Disclosure as per Clause 32 of the Listing Agreements with the Stock Exchanges The company has no Loans and advances in the nature of loans given to subsidiaries, associates and others and investment in shares of the Company by such parties.


Mar 31, 2013

1 Corporate information

The company is engaged primarily in the business of Bottling, trading of LPG and Retailing of AutoLPG. It has its LPG Bottling plant at Durgapur and AutoLPG retailing station at Paschim Medinipur.

2.1 Disclosure under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006

There has been no dues to Micro and Small Enterprises which have been determined to the extent such parties have been identified on the basis of information collected by the Management. This has been relied upon by the auditors.

2.2 Disclosure as per Clause 32 of the Listing Agreements with the Stock Exchanges

The company has no Loans and advances in the nature of loans given to subsidiaries, associates and others and investment in shares of the Company by such parties.

3 Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.


Mar 31, 2012

1 Corporate information

The company is engaged primarily in the business of Bottling, trading of LPG and Retailing of AutoLPG. It has its LPG Bottling plant at Durgapur and AutoLPG retailing station at Paschim Medinipur.

Note Particulars As at 31/03/2012 As at 31/03/2011 Rs. In lacs Rs. In lacs

2.1 Contingent liabilities

(a) Bank Guarantee issued and effective 400.25 5.93

(b) L.C. issued and effective - 400.00

2.2 Disclosure under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006

There has been no dues to Micro and Small Enterprises which have been determined to the extent such parties have been identified on the basis of information collected by the Management. This has been relied upon by the auditors.

2.3 Disclosure as per Clause 32 of the Listing Agreements with the Stock Exchanges

The company has no Loans and advances in the nature of loans given to subsidiaries, associates and others and investment in shares of the Company by such parties.

Note 3 Previous year's figures

3 The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.


Mar 31, 2010

1. Contingent Liabilities not provided for in respect of: a) Bank Guarantee Outstanding

2. The Company did not employ any person during the year with a salary of Rs. 200000/- P.M. Or Rs 2400000/- P.A. and as such information required u/s 217 (2A) of the Companies Act, 1956 read with Companies (Particular of the employees) Rule, 1975 has not been given.

4. The deposit shown in the Balance Sheet is the trade deposit which will not attract the provisions of Section 58A of the Companies Act, 1956

5. No amortisation for premium paid has been made for the year in respect of lease hold land.

6. Balances of Sundry Debtors, Unsecured Loan & Advances and Sundry Creditors are subject to the confirmation and reconciliation.

7. The Company has not received any information from any of its suppliers ( Creditors) of their status as defined in the Micro, Small & Medium Enterprises Development Act, 2006. Hence the amount, if any due to such entity as on date of Balance Sheet is not ascertainable.

8. In the opinion of The Board Of Directors the current assets, Loans and advances have a value under realisation in the ordinary course of Business at least equal to the amount at which they are stated in the accounts.

9 Segment Reporting :

The company is engaged primarily in the business of manufacture and trading (as applicable) of LPG Bottling and RMC hence there is no separate business segment as per Accounting standard - 17 " Segment Reporting" issued by the Institute of Chartered Accountants of India.

10. Previous years figures have been regrouped and or rearranged wherever found necessary and figures has been shown in thousand rupees.


Mar 31, 2009

1. Contingent Liabilities not provided for in repect of:

a) Bank Guarantee Outstanding

b) Unexpired Letter of Credit

2. Interest on account ofdelayin paymentof lease Premium on Land has been capitalised in Lease hold land.

3. The Company did not employ any person during the year with a salary of Rs. 200000/- P.M. Or Rs 2400000/-RA. and as such information required u/s 217 (2A) of the Companies Act, 1956 ready with Companies (Particular of the employees) Rule, 1975 has not been given.

4. The deposit shown in the Balance Sheet is the trade deposit which will not attract the provisions of Section 58A of the Companies Act,1956

5. No amortisation for premium paid has been made for the year in respect of lease hold land.

6 The Company has not received any information from any of its suppliers ( Creditors) of their status as defined in the Micro, Small & Medium Enterprises DevelopmentAct, 2006. Hence the amount, if any due to such entity as on date of Balace Sheet is not ascertainable.

7. Balances of Sundry Debtors, Unsecured Loan & Advances and Sundry Creditors are subject to the confirmation and reconciliation.

8. In the opinion of The Board Of Directors the current assets, Loans and advances have a value under realisation in the ordinary course Business at Least equal to the amount at which they are stated in the accounts.

9. F.D. of Rs 56,000 had been lodged with Oriental Bank of Commerce for providing Bank Guarantee to Durgapur Electricity Board as security money.

10 Segment Reporting :

The company is engaged primarily in the business of manufature and trading (as applicable) of LPG Bottling and RMC hence there is no separate business segment as per Accounting standard -17 issued by the Institute of Chartered Accountants of India. The Company caters mainly to the needs of the domestic market. There is no export turnover during the year, as such there are no reportable Geographycal Segments.

11 Related Party Disclosure

i. Name of the Director S.K. Bhansali S.K. Bhansali

ii. Relation with Company Managing Director Managing Director

12. Previous years figures have been regrouped and or rearranged wherever found necessary and figures has been shown in thousand rupees.

13. Signatories to Schedules Ato Schedule S.

 
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