Current Year       Previous Year
 
 1.  Contingent liabilities not
     provided for:                    (Rs.in lacs)        (Rs.in lacs)
 
 a)  Outstanding Bank Guarantees           530.42              434.63
 
 b)  Counter Guarantee to Bank 
     (Amalgamated company)                    Nil                 Nil
 
 2.  Estimated amount of contracts 
     remaining to be executed on              Nil                 Nil
     capital account and not 
     provided for (Net of advances)
 
 3.  The disclosure required in balance sheet in view of amendment in
 Schedule - to the Companies Act, 1956 vide notification No. GSR-129(E)
 dated 22-02-99 as to the names of Small Scale Industrial undertaking to
 whom the company owes a sum exceeding Rs.1.00 Lac outstanding for more
 than one month and as to total outstanding dues of such undertakings at
 the date of Balance Sheet are not possible to make, as the information
 as to whether the creditors are small industrial undertaking or not, is
 not available from most of the creditors till the date of finalization
 of the accounts.
 
 4.  Balances of Sundry Debtors, Sundry Creditor, Unsecured Loans and
 loans and advances of amounts lesser than 10 Lacs are subject to
 reconciliation and confirmation with the respective parties.
 
 5.  No provision has been made on debtors outstanding for more than
 year. In the opinion of the Board of Direc- tors, the current assets,
 loans and advances have a value on realization at least equal to the
 amount at which they are stated in the Balance Sheet.
 
 6.  The Company has liability towards excise duty on finished goods and
 scrap held at factory and payable on clearance amounting to
 Rs.41,89,374/- has not been taken into account as per consistent
 practice. However, there is no impact on the profit and loss account
 for the year.
 
 7.  The Company has availed Sales Tax Deferral under Package Scheme of
 Incentives, 1993 of Govt. of Maha- rashtra valid up to 31-7-2002 and
 sales tax deferral exemption converted into sales tax exemption
 w.e.f.01-08- 2002 to 31-03-2006.
 
 8.  During the year company has sold its & 50% stake in M/s Aishwaryam
 Gaspoint Bottling Private Limited The financial figures of these
 companies have not been considered for consolidated results.
 
 9.  No Provision has been made in respect of liabilities towards
 retirement benefits under mandatory Accounting Standard - 15, amount
 not ascertainable.
 
 10. As per Accounting Standard 17 on Segment Reporting (AS 17), the
 Company has reported Segment Information, as described below:
 
 a) The LPG/CNG Cylinder manufacturing segment includes production and
 marketing operations of cylinder.
 
 b) The LPG Bottling & Marketing segment includes bottling of LPG &
 supplies for commercial usage.
 
 11. Disclosure in respect of related parties pursuant to Accounting
 Standard - 18.  (A) List of related parties:
 
 Sr. No.   Name of Related Parties            Relationship
 
 1         Envy Cylinders Pvt. Ltd        Wholly Owned Subsidiary
 
 2         Hemkunt Petroleum Ltd          Wholly Owned Subsidiary
 
 3         Taraa LPG Bottling Pvt. Ltd    Wholly Owned Subsidiary
 
 4         Agwan Coach Private Limited    Wholly Owned Subsidiary
 
 5         Laxmi Nirmal Petrochemicals 
           Limited                        Wholly Owned Subsidiary
 
 6         Virendra Petrochemicas 
           Pvt Ltd.                       Wholly Owned Subsidiary
 
 7         Keppy Infrastructure 
           Developers Pvt. Ltd.           Wholly Owned Subsidiary
 
 8         Confidence Go Gas Ltd          Wholly Owned Subsidiary
 
 9         Chhatisgarh Gaspoint 
           Bottling Pvt. Ltd                         Subsidiary *
 
 10        Kastkar Gaspoint 
           Bottling Pvt. Ltd                         Subsidiary *
 
 11        Uma LPG Bottling Pvt. Ltd                 Subsidiary *
 
 12        Annapurna Gaspoint 
           Bottling Pvt. Ltd                         Subsidiary *
 
 13        Aishwaryam Gaspoint 
           Bottling Pvt. Ltd                         Subsidiary *
 
 14        STN Gaspoint Bottling 
           Pvt. Ltd                                  Subsidiary *
 
 15        Jagannath Gaspoint 
           Bottling Pvt. Ltd                         Subsidiary *
 
 16        Gaspoint Bottling 
           Pvt. Ltd                                  Subsidiary *
 
 17        Pt Surya Go Gas 
           Indonesia                                Subsidiary **
 
 * The Company holds 50% in nominal value of the equity share capital **
 The Company holds more than 50% in nominal value of the equity share
 capital
 
 (1) Key Management Personnel or their relatives
 
 Nitin Khara - Managing Director
 
 Nalin Khara - Director
 
 Elesh Khara - Director
 
 Jitendra Jain - Director
 
 Sumant Sutaria - Director
 
 (2) Relatives of Key Management Personnel None