August 28, 2014 10:34 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Confidence Petroleum India Ltd.

Company Overview

Confidence Petroleum India Limited manufactures and markets liquefied petroleum gas (LPG) cylinders and compressed natural gas (CNG)/high pressure cylinders in India. The company also blends and bottles LPG; cracks of crude oil and ethanol; supplies LPG/CNG meters in multistory buildings and townships; and provides auto LPG logistics/transportation and storage services. In addition, it owns and operates 96 auto LPG dispensing stations. The company was founded in 1993 and is based in Nagpur, India.

404, Satyam Apartments

8 Wardha Road

Dhantoli

Nagpur,  440012

India

Founded in 1993

Phone:

91 71 2325 0318

Fax:

91 71 2661 2083

Key Executives for Confidence Petroleum India Ltd.

Chairman
Total Annual Compensation: $250.0K
Executive Director
Age: 47
Total Annual Compensation: $150.0K
Executive Director
Age: 53
Total Annual Compensation: $60.0K
Compensation as of Fiscal Year 2012.

Confidence Petroleum India Ltd. Key Developments

SGX Announces Delisting Of GDRs Of Confidence Petroleum India

The SGX announced that it is delisting Global Depositary Receipts (GDRs) of Confidence Petroleum India on August 28, 2014 for violating its listing regulations. The regulator said that the company was being delisted as it had not paid its annual listing fees for an extended period of time despite reminders, and was thus in breach of its listing rules. Since the GDRs of the company were not deposited with the SGX and it had no access to them, its respective bank has been informed of their delistment.

Confidence Petroleum India Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended June 30, 2014

Confidence Petroleum India Ltd. reported unaudited standalone and consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, on standalone basis, the company reported total income from operations (net) of INR 693.876 million compared to INR 562.463 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 21.032 million compared to INR 43.021 million a year ago. Loss from ordinary activities before tax was INR 1.960 million compared to profit from ordinary activities before tax of INR 9.877 million a year ago. Net loss after taxes was INR 1.366 million or INR 0.01 per basic and diluted share before extraordinary items compared to net profit after taxes of INR 6.885 million or INR 0.03 per basic and diluted share before extraordinary items a year ago. For the quarter, on consolidated basis, the company reported total income from operations (net) of INR 768.190 million compared to INR 635.713 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 21.020 million compared to INR 39.927 million a year ago. Loss from ordinary activities before tax was INR 3.852 million compared to profit from ordinary activities before tax of INR 4.903 million a year ago. Net loss after taxes was INR 3.191 million or INR 0.01 per basic and diluted share before extraordinary items compared to net profit after taxes of INR 4.113 million or INR 0.02 per basic and diluted share before extraordinary items a year ago.

Confidence Petroleum India Ltd., Board Meeting, Jun 30, 2014

Confidence Petroleum India Ltd., Board Meeting, Jun 30, 2014. Agenda: To consider unaudited standalone and consolidated earnings results for the first quarter ended June 30, 2014.

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