Eastern Gases Ltd

Eastern Gases Ltd - energy and power in Kolkata, West Bengal, India. FY 2026 financials & compliance.
CIN L40200WB1995PLC068251 Incorporated 10 February 1995 ROC Kolkata HQ Kolkata, West Bengal, India
Under Liquidation Listed Public Limited Company energy and power
Data last updated
Revenue · FY 2017
₹255.63 Cr
▼ 5% YoY
Net profit · FY 2017
₹55.56 Lakh
Net margin 0.2%
EBITDA · FY 2017
₹11.22 Cr
EBITDA margin 4.4%
Authorised capital
₹18.08 Cr
Registered with MCA
Paid-up capital
₹15 Cr
Issued & subscribed
Open charges
₹93.46 Cr
Satisfied ₹43.9 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
18
Provident fund records

About Eastern Gases Ltd

Data last updated:

Eastern Gases Ltd is a public limited company based in Kolkata, West Bengal, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the oil and gas exploration and production segment of the energy and power sector. It was incorporated on 10 February 1995.

The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L40200WB1995PLC068251. Its GSTIN is 19AAACE5762A1ZW (West Bengal). The company holds 6 GST registrations, of which 1 is active. It is a listed company.

The company has an authorised share capital of ₹18.08 Cr and a paid-up capital of ₹15 Cr. It is led by directors Sushil Kumar Bhansali (Managing Director) and Manish Yadav.

Its last annual general meeting (AGM) was held on 25 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 43 Palace Court1 Kyd Street P S Park Street, Kolkata, West Bengal, India – 700016.

As per the financials filed for FY 2017, the company reported a revenue of ₹255.63 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹55.56 Lakh (net margin 0.2%) and EBITDA of ₹11.22 Cr (EBITDA margin 4.4%).

The company has about 18 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.

The company is associated with 1 brand: Eastern Gases. As per MCA filings, the company has open charges of ₹93.46 Cr and satisfied charges of ₹43.9 Cr on record. Court records list 31 cases involving the company, including 16 filed by the company and 12 filed against it; 3 cases are pending. The company has 10 deals on record (9 market trades, 1 funding round), with disclosed funding of ₹10.93 Cr; the latest was in March 2013. Its 10 peer companies in the Oil and Gas industry (Exploration and Production) are compared by revenue, 5 larger and 5 smaller; the largest is GSPC LNG Limited with revenue of ₹368.93 Cr.

The last known website on record is eastgas.in.

Company Details of Eastern Gases Ltd
CIN L40200WB1995PLC068251
Registration Number 068251
Incorporation Date 10 February 1995
ROC Kolkata
Listing Status Listed
Company Status Under Liquidation
Date of Last AGM 25 September 2017
Date of Balance Sheet 31 March 2017
Key People
Sushil Kumar Bhansali Managing Director Manish Yadav Director Divya Singh Company Secretary
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    eastgas.in
  • Social Media
  • Registered Address
    43 Palace Court1 Kyd Street P S Park Street, Kolkata, West Bengal, India – 700016
  • Industry
    Energy and Power, Oil & Gas Exploration & Production
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Financials, compliance, directors, charges, ownership and filings for Eastern Gases Ltd in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Eastern Gases Ltd

The main business activity of Eastern Gases is trade. In detail, this covers wholesale trading.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
GTradeG1Wholesale TradingLocked
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Turnover share and past changes in activity are in the company report.

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Financials of Eastern Gases Ltd FY 2017 filings available

Eastern Gases Ltd reported revenue of ₹255.63 Cr (down 5% YoY) for FY 2017.

Revenue · FY 2017
₹255.63 Cr ▼ 5%
Net profit · FY 2017
₹55.56 Lakh margin 0.2%
EBITDA · FY 2017
₹11.22 Cr margin 4.4%

Compounded Annual Growth Rate (CAGR) of Eastern Gases Ltd

Revenue CAGR growth
1 year
▼ 5%
EBITDA CAGR growth
1 year
▼ 17%

Revenue fell 5% in the latest year. EBITDA fell 17% in the latest year. All are worked out from the filed statements.

Financial Statement Summary of Eastern Gases Ltd

MetricsFY 2016-17FY 2015-16FY 2014-15
Profit and Loss Statement
Revenue from Operations••••••••••••
Other Income••••••••••••
Total Revenue₹255.63 Cr••••••••
Cost of Materials Consumed••••••••••••
Employee Benefit Expense••••••••••••
Finance Costs••••••••••••
Depreciation and Amortisation••••••••••••
Other Expenses••••••••••••
Total Expenses••••••••••••
EBITDA₹11.22 Cr••••••••
Profit Before Tax••••••••••••
Tax Expense••••••••••••
Net Profit (PAT)₹55.56 Lakh••••••••
Balance Sheet
Share Capital••••••••••••
Reserves and Surplus••••••••••••
Net Worth (Total Equity)••••••••••••
Long-term Borrowings••••••••••••
Short-term Borrowings••••••••••••
Trade Payables••••••••••••
Total Liabilities••••••••••••
Fixed Assets••••••••••••
Investments••••••••••••
Inventories••••••••••••
Trade Receivables••••••••••••
Cash and Bank Balance••••••••••••
Total Assets••••••••••••

Financial Ratios of Eastern Gases Ltd

MetricsFY 2016-17FY 2015-16FY 2014-15
Profitability
EBITDA Margin4.4%••••••••
Net Profit Margin0.2%••••••••
Return on Equity (ROE)••••••••••••
Return on Capital Employed (ROCE)••••••••••••
Return on Assets (ROA)••••••••••••
Liquidity and Debt
Current Ratio••••••••••••
Quick Ratio••••••••••••
Debt-to-Equity Ratio••••••••••••
Interest Coverage Ratio••••••••••••
Efficiency and Growth
Asset Turnover••••••••••••
Receivable Days••••••••••••
Payable Days••••••••••••
Inventory Days••••••••••••
Revenue Growth••••••••••••
Net Profit Growth••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Eastern Gases are in the company report.

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Financial statements from 2015

Earlier years and trend charts are in the company report.

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Peer Comparison of Eastern Gases Ltd

Eastern Gases Ltd is compared with the companies closest to it by revenue in the Oil and Gas industry (Exploration and Production). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
GSPC LNG Limited₹368.93 Cr (FY 2025)••••••••54.0%••••Gandhinagar, Gujarat, India
Swirl Offshore Private Limited₹314 Cr (FY 2025)••••••••2450.0%••••Mumbai, Maharashtra, India
Vert Line Marine Bunkers Private Limited₹297.59 Cr (FY 2025)••••••••164.0%••••Chennai, Tamil Nadu, India
Antelopus Selan Energy Limited Listed₹272.88 Cr (FY 2025)••••••••54.0%••••Gurgaon, Haryana, India
Great Eastern Energy Corporation Limited₹268.48 Cr (FY 2025)••••••••-11.0%••••Asansol, West Bengal, India
Eastern Gases Ltd this company₹255.63 Cr (FY 2017)••••••••-5.0%••••Kolkata, West Bengal, India
Confidence Futuristic Energetech Limited Listed₹255.37 Cr (FY 2025)••••••••43.0%••••Thane, Maharashtra, India
Reliance O2c Limited₹221.3 Cr (FY 2021)••••••••••••Ahmedabad, Gujarat, India
Indianoil LNG Private Limited₹219.08 Cr (FY 2022)••••••••12.0%••••Chennai, Tamil Nadu, India
Invenire Energy Private Limited₹210.97 Cr (FY 2021)••••••••-32.0%••••Chennai, Tamil Nadu, India
Ongc Videsh Rovuma Limited₹207.8 Cr (FY 2025)••••••••18.0%••••Vasant Kunj, New Delhi, Delhi, India

Peers are the five companies nearest above and the five nearest below Eastern Gases by revenue in the Oil and Gas industry (Exploration and Production), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Eastern Gases Ltd

Eastern Gases Ltd is audited by C B C & ASSOCIATES for the financial year 2017.

NameStatusAppointment DateCessation Date
C B C & ASSOCIATESLockedLockedLocked
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Board of Directors and KMP of Eastern Gases Ltd

Eastern Gases Ltd currently reports 2 directors and 1 key managerial person. 12 former directors have served the organization.

Directors and KMP (as last reported)
NameDesignationAppointment DateTenureStatus
Sushil Kumar Bhansali
Also directs: Asia LPG Private Limited
Managing Director10 Feb 199531 Years 8 MonthsAs last reported
Manish Yadav
Also directs: Dudheshwar Steels and Alloys Private Limited
Director11 Jul 201610 Years 3 MonthsAs last reported
Divya Singh
Also directs: Premco Rail Engineers Limited, Scania Steels & Powers Limited
Company Secretary06 Apr 201610 Years 6 MonthsAs last reported
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Ownership and Shareholding of Eastern Gases Ltd

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Charges & Borrowings of Eastern Gases Ltd

Open charges
₹93.46 Cr
Satisfied charges
₹43.9 Cr
Breakdown by lending institutions
Central Bank of India₹43.00 Cr
Dbs Bank Ltd.₹31.46 Cr
Axis Bank Limited₹19.00 Cr
Latest charge details
DateLenderAmountStatus
23 Sep 2013Dbs Bank Ltd.₹15.46 CrOpen
05 Feb 2013Central Bank of India₹43 CrOpen
26 Sep 2012Axis Bank Limited₹19 CrOpen
23 Apr 2012Dbs Bank Ltd.₹16 CrOpen
18 Sep 2014The Ratnakar Bank Limited₹12 CrSatisfied

Total charge records: 12 View all charges

Deals & Funding of Eastern Gases Ltd

Eastern Gases Ltd has 10 deals on record (9 market trades, 1 funding round), with disclosed funding of ₹10.93 Cr; the latest was in March 2013.

Total deals
10
Market trades
9
Funding round
1
Disclosed funding
₹10.93 Cr

Deals on record (5 of 10)

WhenDealAmountParties
Mar 2013Funding round₹10.93 CrInvestors: Commercial Consultants Private Limited , Dbkeynaar Commodeal Private Limited , Julsa Trading Private Limited
Nov 2009Market trade₹24.5 LakhBuyer: Opg Securities Private Limited
Seller: Opg Securities Private Limited
Jul 2009Market trade₹32.4 LakhBuyer: an individual
Seller: SB Liquor Distributors Private Limited
Jul 2009Market trade₹53.7 LakhBuyer: Setu Securities Private Limited , an individual
Seller: Setu Securities Private Limited , an individual
Jul 2009Market trade₹72.7 LakhBuyer: Rehwa Corporation Private Limited , an individual
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Full deal history

All 10 deals with amounts, valuations, instruments and every party are in the company report.

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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Associated Brands with Eastern Gases Ltd

Eastern Gases operates one associated brand: Eastern Gases. Each brand links to its own profile.

BrandDescriptionWebsite
Eastern Gases
Provider of a platform for tracking cycling activity and promoting cycling initiativeseastgas.in

Employees and EPFO Compliance at Eastern Gases Ltd

Eastern Gases Ltd has a workforce of 18 employees as of Mar 29, 2024.

Employee count
18
Active EPFO establishments
1
Employee growth
-5.26%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Group Structure of Eastern Gases Ltd

Eastern Gases has 2 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.

2
Subsidiary companies
Key Subsidiaries
Company NameCINShares Held
Asia Lpg Private LimitedU00315KA1994PTC015122Locked
Asia Lpg Private LimitedU00315KA1994PTC015122Locked

Showing major subsidiaries. Total: 2.

CIN History of Eastern Gases Ltd

Eastern Gases has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L40200WB1995PLC068251, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L40200WB1995PLC068251Current
L99999WB1995PLC068251Previous
U99999WB1995PLC068251Previous

News related to Eastern Gases Ltd

Eastern Gases: Outcome of board meeting
28 Feb 2017 · Moneycontrol

Recent Activity on Eastern Gases Ltd

Eastern Gases Ltd has 23 board changes on record since 1995: 13 appointments and 10 cessations. The latest: Dharmendar Shaw ceased to be Director on 28 Nov 2017.

Ceased
Dharmendar Shaw ceased to be Director.
Ceased
Manika Mukherjee ceased to be Director.
AGM
Eastern Gases Ltd last Annual general meeting of members was held on 25 Sep 2017 as per latest MCA records.
Appointed
Dharmendar Shaw was appointed as Director.
Filing
Eastern Gases Ltd has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Kolkata.
Ceased
Anil Choudhary Legha ceased to be Director.
Appointed
Manish Yadav was appointed as Director.
Ceased
Tejvir Singh ceased to be Director.
Appointed
Divya Singh was appointed as Company Secretary.
Ceased
Debabrata Choudhury ceased to be Director.
Charges
A charge registered on 18 Sep 2014 via Charge ID 10522003 with The Ratnakar Bank Limited was fully satisfied on 05 Aug 2015.
Charges
A charge with Axis Bank Limited of Rs. 19.00 Cr registered on 26 Sep 2012 with Charge ID 10380161 was modified on 30 Jun 2015.

38 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Eastern Gases Ltd

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MSME Payment Delays by Eastern Gases Ltd

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Subsidiaries & Group Companies of Eastern Gases Ltd

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GST Compliance of Eastern Gases Ltd

Eastern Gases has 6 GST registrations: 1 active and 5 cancelled or inactive.

Total GSTINs
6
Active
1
Cancelled / inactive
5
GSTINStateStatusRegistered on
19AAACE5762A1ZWWest BengalActive01 Jul 2017
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MCA Filings & Documents of Eastern Gases Ltd

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Frequently Asked Questions about Eastern Gases Ltd

Eastern Gases is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.

Eastern Gases is a company under liquidation, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in oil and gas exploration and production, within the energy and power industry. It was incorporated on 10 February 1995 and is registered under CIN L40200WB1995PLC068251. Caution is advised - the company may not have the legal capacity to fulfil new agreements.

Eastern Gases reported revenue of ₹255.63 Cr for FY 2017 (down 5% YoY).

Eastern Gases has 3 current directors and KMP:

Eastern Gases reported a net profit of ₹55.56 Lakh (net margin 0.2%) and EBITDA of ₹11.22 Cr (EBITDA margin 4.4%) for FY 2017, as per its filed financial statements.

The CIN (Corporate Identification Number) of Eastern Gases is L40200WB1995PLC068251. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes, Eastern Gases is a listed company.

Eastern Gases has open charges of ₹93.46 Cr and satisfied charges of ₹43.9 Cr as per latest MCA filings.

Eastern Gases has 31 court cases on record: 16 filed by the company and 12 filed against it. 3 are pending. Most are in the high courts.

Eastern Gases was incorporated on 10 February 1995. It is registered with the Registrar of Companies, Kolkata.

Eastern Gases has 10 deals on record (9 market trades, 1 funding round), with disclosed funding of ₹10.93 Cr; the latest was in March 2013.

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