Home  »  Company  »  Southern Gas  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Southern Gas Ltd.

Mar 31, 2014

1.1 In the opinion of the Directors

1 Current Assets, Loans and Advances have at least the values at which they are stated in the Balance Sheet, when realized in the ordinary course of business.

2 All known liabilities other than contingent liabilities are provided for.

1.2 Contingent liabilities not provided for

Particulars Year Ended Year Ended 31.03.2014 31.03.2013 Rupees Rupees

Disputed demand under Income Tax Nil 940,660 under Appeal which in the opinion of the management is not legally sustainable and hence not provided for

Claims against the Company not acknowledged 500,000 Nil as Debt

Guarantees issued by the hank on behalf of 4,688,520 47,96,7944 the Company

1.3 Estimated amount of contracts remaining to be executed on capital account - Nil (Rs. 3.00 Lakh).

1.4 Figures have been rounded off to the nearest rupee. Previous year figures unless otherwise stated arc given within brackets and have been re-grouped and recast wherever necessary to be ire conformity with current year's layout.


Mar 31, 2013

Corporate Information

The Southern Gas Ltd is a company registered under Companies Act, 1956. The shares of the company is listed with Bombay Stock Exchange (BSE).The Company is in the business of production of Medical Oxygen, Industrial Oxygen, Argon, Hydrogen, Nitrogen etc.

1.1 In the opinion of the Directors

1 Current Assets, Loans and Advances have at least the values at which they are stated in the Balance Sheet, when realized in the ordinary course of business.

2 All known liabilities other than contingent liabilities are provided for.

1.2 Contingent liabilities not provided for

Year Ended Year Ended Particulars 31.03.2013 31.03.2012 Rupees Rupees

Disputed demand under Income Tax under Appeal which in the opinion of the management is not legally sustainable and hence not provided for 940,660 940,660

Guarantees issued by the bank on behalf of the Company 47,96,794 6,353,770

1.3 Estimated amount of contracts remaining to be executed on capital account Rs. 3.00 Lakh (Rs. 17. 75 Lakhs)

1.4 Disclosure of transactions with related parties as required by Accounting Standard - 18 on related party disclosures as prescribed by Companies (Accounting Standards) Rules, 2006.

A Related parties and nature of relationship

i Key Management Personnel

1. Madhav G.Poy Raiturcar - Managing Director

2. Gautam V. Pai Cacode - Whole Time Director

ii Relatives of Key Management Personnel

Yogita Gautam Pai Cacode - Daughter of Managing Director

iii Enterprises over which persons in (i) above are able to exercise significant influence:

1. Foods & Beverages (India) Pvt.Ltd

2. Govind Poy Raiturcar Trust

3. Madhav Gopal Poy Raiturcar Foundation

4. Bangalore Oxygen Company(P) Ltd

5. Malabar Oxygen Company(P) Ltd

1.5 Figures have been rounded off to the nearest rupee. Previous year figures, unless otherwise stated are given within brackets and have been re-grouped and .recast wherever necessary to be in conformity with current year''s layout.


Mar 31, 2012

Corporate Information

The Southern Gas Ltd is a company registered under Companies Act, 1956. The shares of the company is listed with Bombay Stock Exchange (BSE). The Company is in the business of production of Medical Oxygen, Industrial Oxygen, Argon, Hydrogen, Nitrogen etc.

1.1 Share Capital

The Company has only one class of shares referred to as equity shares with a face value of Rs. 100/- each. Each holder of equity share is entitled to one vote per share

1.1.1. Principal amount of Loan to be repaid completely "by December 2017 in Equal monthly installments of Rs. 5 6,5 G0/-each commencing from March 2011.

1.1.2. Prinicipal amount of Loan to be repaid as below :

1. Term Loan-110002-Principal amount of Loan to be repaid completely by December 2015 in Equal monthly installments of Rs. 53,137/- each commencing from January 2012.

2.Term Loan -100004 - Principal amount of Loan to be repaid completely by March 2015 in Equal monthly installments of Rs. 1,19,981/- each commencing from June 2010.

3.Term Loan-080003-Principal amount of Loan to be repaid completely by June 2013 in Equal monthly installments of Rs. 50,000 each commencing from April 2010.

1.2 In the opinion of the Directors

1. Current Assets, Loans and Advances have at least the values at which they are stated in the Balance Sheet, when realized in the ordinary course of business.

2. All known liabilities other than contingent liabilities are provided for.

1.3 Contingent liabilities not provided for:

Year Ended Year Ended Particulars 31.03.2012 31.03.2011 Rupees Rupees

Di sputed demand under Income Tax under Appeal which in the opinion 940,660 940,660 of the management is not legally sustainable and hence not provided for

Guarantees issued by the bant on behalf of the Company 6,353,770 1,916,422

1.4 Estimated amount of contracts remaining to be executed on capital account- Rs. 17. 75 LakhsCRs. Nil)

1.5 Figures have been rounded, off to the nearest rupee. Previous year figures, unless otherwise stated are given within brackets and have been re-grouped and recast wherever necessary to be in conformity with current year''s layout.

 
Subscribe now to get personal finance updates in your inbox!