April 30, 2016 2:10 PM ET

Machinery

Company Overview of Confidence Petroleum India Ltd.

Company Overview

Confidence Petroleum India Limited produces and sells liquefied petroleum gas (LPG) cylinders in India. It also offers CNG and high pressure, and packed cylinders; LPG bottling services; and LPG/CNG meters in multistory buildings and townships. In addition, the company supplies auto LPG under the GoGas brand name; and provides auto LPG logistics/transportation and storage services. Further, it owns and operates approximately 100 auto LPG dispensing stations. The company was incorporated in 1994 and is based in Nagpur, India.

404 Satyam Apartment

8 Wardha Road

Dhantoli

Nagpur,  440012

India

Founded in 1994

Phone:

91 71 2325 0318

Fax:

91 71 2661 2083

Key Executives for Confidence Petroleum India Ltd.

Chairman, Chief Executive Officer, Managing Director, Chairman of Management Committee and Member of Shareholders & Investors Grievance Committee
Total Annual Compensation: $3.0M
Chief Financial Officer, Executive Director, Member of Management Committee, Member of Audit Committee and Member of Remuneration Committee
Age: 48
Total Annual Compensation: $1.8M
Compensation as of Fiscal Year 2015.

Confidence Petroleum India Ltd. Key Developments

Confidence Petroleum India Ltd. Appoints Karishma Jaisingh as Company Secretary & Compliance Officer and Elesh Khara as CFO

Confidence Petroleum India Ltd. announced that the Board of Directors of the company at its meeting held on March 22, 2016 approved appointment of Ms. Karishma Jaisingh as Company Secretary & Compliance Officer of the company with effect from March 22, 2016 and appointment of Mr. Elesh Khara as CFO of the company with effect from March 22, 2016.

Confidence Petroleum India Ltd., Board Meeting, Mar 22, 2016

Confidence Petroleum India Ltd., Board Meeting, Mar 22, 2016. Agenda: To consider the appointment of Ms. Karishma Jaisingh as Company Secretary & Compliance Officer of the company with effect from March 22, 2016; to consider the appointment of Mr. Elesh Khara as CFO of the company with effect from March 22, 2016; and to consider the appointment of M/s. Siddharth Sipani & Associates, Nagpur as Secretarial Auditor of the company for the Financial Year 2015-16.

Confidence Petroleum India Ltd. Reports Standalone and Consolidated Unaudited Earnings Results for Third Quarter and Nine Months Ended Dec. 31, 2015

Confidence Petroleum India Ltd. reported standalone unaudited earnings results for third quarter and nine months ended Dec. 31, 2015. For the quarter, the company reported net sales/income from operations of INR 1,018.722 million, profit from operations before other income and finance costs and exceptional items of INR 27.933 million, profit from ordinary activities before tax of INR 7.636 million, net profit of INR 5.322 million or INR 0.02 basic and diluted per share, compared to the net sales/income from operations of INR 539.176 million, profit from operations before other income and finance costs and exceptional items of INR 23.985 million, profit from ordinary activities before tax of INR 0.662 million, net profit of INR 0.662 million for the same quarter a year ago. For the year to date, the company reported net sales/income from operations of INR 2,597.679 million, profit from operations before other income and finance costs and exceptional items of INR 75.405 million, profit from ordinary activities before tax of INR 13.109 million, net profit of INR 9.137 million or INR 0.04 basic and diluted per share, compared to the net sales/income from operations of INR 1,749.789 million, profit from operations before other income and finance costs and exceptional items of INR 52.954 million, loss from ordinary activities before tax of INR 16.664 million, net loss of INR 17.381 million or INR 0.07 basic and diluted per share, for the same period a year ago. For the quarter, the company reported consolidated unaudited net sales/income from operations of INR 1,025.722 million, profit from operations before other income and finance costs and exceptional items of INR 29.47 million, profit from ordinary activities before tax of INR 8.62 million, net profit of INR 6.141 million or INR 0.02 basic and diluted per share, compared to the net sales/income from operations of INR 650.095 million, profit from operations before other income and finance costs and exceptional items of INR 27.267 million, profit from ordinary activities before tax of INR 2.064 million, net loss of INR 224.454 million or INR 0.87 basic and diluted per share, for the same quarter a year ago. For the year to date, the company reported consolidated unaudited net sales/income from operations of INR 2,618.679 million, profit from operations before other income and finance costs and exceptional items of INR 80.016 million, profit from ordinary activities before tax of INR 14.845 million, net profit of INR 13.011 million or INR 0.05 basic and diluted per share, compared to the net sales/income from operations of INR 2,045.942 million, profit from operations before other income and finance costs and exceptional items of INR 59.507 million, loss from ordinary activities before tax of INR 15.75 million, net loss of INR 241.08 million or INR 0.93 basic and diluted per share, for the same period a year ago.

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