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 as per MCA records.
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 50 cases involving the company, including 31 filed by the company and 19 filed against it; 11 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.
The last known website on record is eastgas.in.
Company details
CIN history
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.
| CIN | Status |
|---|---|
| L40200WB1995PLC068251 | Current |
| L99999WB1995PLC068251 | Previous |
| U99999WB1995PLC068251 | Previous |
Contact details
Eastern Gases Ltd's registered office is in Kolkata, West Bengal. Its website is eastgas.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address43 Palace Court1 Kyd Street P S Park Street, Kolkata, West Bengal, India – 700016
- IndustryEnergy and Power, Oil & Gas Exploration & Production
To see the full contact details of Eastern Gases Ltd, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Eastern Gases operates one associated brand: Eastern Gases. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of a platform for tracking cycling activity and promoting cycling initiatives | eastgas.in |
Business activity
The main business activity of Eastern Gases is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Eastern Gases Ltd, buy the company report.
Financials of Eastern Gases Ltd
FY 2017 filings availableEastern Gases Ltd reported revenue of ₹255.63 Cr (down 5% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2016-17 | FY 2015-16 | FY 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 4.4% | ||
| Net Profit Margin | 0.2% | ||
| 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 | |||
To see the full financial statements and ratios of Eastern Gases Ltd, buy the company report.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushil Kumar Bhansali Also directs: Asia LPG Private Limited | Managing Director | 10 Feb 1995 | 31 Years 8 Months | As last reported |
| Manish Yadav Also directs: Dudheshwar Steels and Alloys Private Limited | Director | 11 Jul 2016 | 10 Years 3 Months | As last reported |
| Divya Singh Also directs: Premco Rail Engineers Limited, Scania Steels & Powers Limited | Company Secretary | 06 Apr 2016 | 10 Years 7 Months | As last reported |
Auditor
Eastern Gases Ltd is audited by C B C & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C B C & ASSOCIATES | FY 2017 | 325794E |
Shareholding
The shareholding of Eastern Gases Ltd is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Eastern Gases Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Sep 2013 | 10449993 | Dbs Bank Ltd. | ₹15.46 Cr | Open | |
| 05 Feb 2013 | 10402552 | Central Bank of India | ₹43 Cr | Open | |
| 26 Sep 2012 | 10380161 | Axis Bank Limited | ₹19 Cr | Open | |
| 23 Apr 2012 | 10360027 | Dbs Bank Ltd. | ₹16 Cr | Open | |
| 18 Sep 2014 | 10522003 | The Ratnakar Bank Limited | ₹12 Cr | Satisfied |
To see the full charge records of Eastern Gases Ltd, buy the company report.
Total charge records: 12 View all charges
Deals & funding
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.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Funding round | ₹10.93 Cr | Investors: Commercial Consultants Private Limited , Dbkeynaar Commodeal Private Limited , Julsa Trading Private Limited |
| Nov 2009 | Market trade | ₹24.5 Lakh | Buyer: Opg Securities Private Limited Seller: Opg Securities Private Limited |
| Jul 2009 | Market trade | ₹32.4 Lakh | Buyer: an individual Seller: SB Liquor Distributors Private Limited |
| Jul 2009 | Market trade | ₹53.7 Lakh | Buyer: Setu Securities Private Limited , an individual Seller: Setu Securities Private Limited , an individual |
| Jul 2009 | Market trade | ₹72.7 Lakh | Buyer: Rehwa Corporation Private Limited , an individual |
To see the full deal history of Eastern Gases Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Eastern Gases Ltd has 50 court cases on record: 31 filed by Eastern Gases, 19 filed against it. 11 cases are pending and 39 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 30 | 13 | 11 |
| High courts | 17 | 5 | 0 |
| NCLT | 3 | 1 | 0 |
Cases on record (5 of 50)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Kotak Mahindra Bank Ltd | Pending |
| District court, Calcutta, West Bengal | Court case (TS) | Filed against the company by Vivek Brothers Pvt Ltd. | Pending |
| District court, Calcutta, West Bengal | Court case (TS) | Filed against the company by Jainco Automotive Pvt Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms Shri Matre Power and Infrastructure Limited | Pending |
To see the full case history of Eastern Gases Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Eastern Gases Ltd was last rated by Icra on 29 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Oct 2021 |
To see the full credit ratings and regulatory alerts of Eastern Gases Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Eastern Gases Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
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.
| Company Name | CIN | Shares held |
|---|---|---|
| Asia LPG Private Limited | U00315KA1994PTC015122 | |
| Asia LPG Private Limited | U00315KA1994PTC015122 |
To see the full group structure of Eastern Gases Ltd, buy the company report.
Employees & EPFO
Eastern Gases Ltd has a workforce of 18 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Eastern Gases has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACE5762A1ZW | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Eastern Gases Ltd, buy the company report.
Recent activity
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.
38 earlier events are in the company report.
Frequently asked questions
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 has 3 current directors and KMP:
- Sushil Kumar Bhansali - Managing Director
- Manish Yadav - Director
- Divya Singh - Company Secretary
The latest financial statements of Eastern Gases on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 25 September 2017. Year-wise statements from 2015 are in the company report.
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 as per MCA records.
Eastern Gases has open charges of ₹93.46 Cr and satisfied charges of ₹43.9 Cr as per latest MCA filings.
Eastern Gases has 50 court cases on record: 31 filed by the company and 19 filed against it. 11 are pending. Most are in the district 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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