September 25, 2016 3:08 AM 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: 49
Total Annual Compensation: 1.8M
Compensation as of Fiscal Year 2015.

Confidence Petroleum India Ltd. Key Developments

Confidence Petroleum India Ltd., Board Meeting, Sep 01, 2016

Confidence Petroleum India Ltd., Board Meeting, Sep 01, 2016. Agenda: To discuss issuance of 30,000,000 warrant.

Confidence Petroleum India Ltd., Board Meeting, Aug 20, 2016

Confidence Petroleum India Ltd., Board Meeting, Aug 20, 2016, at 16:00 Indian Standard Time. Agenda: To consider the approval of the board for issue of convertible warrants and fix day, time, place of extra-ordinary general meeting for obtaining shareholders' approval; to consider the approval of the employee stock option scheme; to change in auditor's of the company; to consider the approval of directors' report to be annexed with the annual report for the financial year 2015-16; to consider the approval of the notice of annual general meeting of the company; to fixing of cut-off date and book closure date; and to consider the approval of related party transactions.

Confidence Petroleum India Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended June 30, 2016

Confidence Petroleum India Ltd. reported unaudited standalone and consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, on standalone basis, the company's net sales/income from operations was INR 991.9 million compared to INR 748.37 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 42.03 million compared to INR 20.39 million a year ago. Profit from ordinary activities before tax was INR 17.14 million compared to loss of INR 1.61 million a year ago. Net profit was INR 11.95 million compared to loss of INR 1.12 million a year ago. Basic and diluted earnings per share before extraordinary items was INR 0.05 compared to loss of INR 0.04 a year ago. For the quarter, on consolidated basis, the company's net sales/income from operations was INR 1,036.003 million compared to INR 755.37 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 44.28 million compared to INR 21.93 million a year ago. Profit from ordinary activities before tax was INR 19.72 million compared to loss of INR 0.63 million a year ago. Net profit was INR 14.31 million compared to loss of INR 0.303 million a year ago. Basic and diluted earnings per share before extraordinary items was INR 0.06 compared to INR 0.00 a year ago.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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